TH E WOR LD BANK 20730 Vol. 2 Glob0D al _May 2000 evelopment Financ e Country Tables 2000 I I~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~IWL7,r 4 - OSF F - w - - n E *-- r = 11 t4: . t,: ' ~ ' t 11g1. Glob bal D evelopment Filnance Country Tables i Glob al D evelopment Fi inance Country Tables 2000 THE WORLD BANK Copyright C) 2000 by the International Bank for Reconstruction and Development/The World Bank 1818 H Street, NW, Washington, DC 20433, USA All rights reserved Manufactured in the United States of America First printing May 2000 Global Development Finance was formerly published under the title World Debt Tables. This publication has been compiled by the staff of the Financial Data Team of the World Bank's Development Economics Vice Presidency. The World Bank does not accept responsibility for the accuracy or completeness of this publication. 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ISBN 0-8213-4544-3 ISSN 1020-5454 Table of Contents Preface vii Central African Republic 150 Chad 154 Acronyms and Abbreviations viii Chile 158 China 162 Methodology ix Colombia 166 Comoros 170 Sources and definitions xiii Congo, Democratic Republic of 174 Congo, Republic of 178 Country groups xxiii Costa Rica 182 C6te d'Ivoire 186 Debt tables 1 Croatia 190 Czech Republic 194 Summary tables 23 Djibouti 198 Dominica 202 Country tables 61 Dominican Republic 206 Albania 62 Ecuador 210 Algeria 66 Egypt, Arab Republic of 214 Angola 70 El Salvador 218 Argentina 74 Equatorial Guinea 222 Armenia 78 Eritrea 226 Azerbaijan 82 Estonia 230 Bangladesh 86 Ethiopia 234 Barbados 90 Fiji 238 Belarus 94 Gabon 242 Belize 98 Gambia, The 246 Benin 102 Georgia 250 Bhutan 106 Ghana 254 Bolivia 110 Grenada 258 Bosnia and Herzegovina 114 Guatemala 262 Botswana 118 Guinea 266 Brazil 122 Guinea-Bissau 270 Bulgaria 126 Guyana 274 Burkina Faso 130 Haiti 278 Burundi 134 Honduras 282 Cambodia 138 Hungary 286 Cameroon 142 India 290 Cape Verde 146 Indonesia 294 v G LO B AL DE V EL O PM ENT F INA NC E Iran, Islamic Republic of 298 Rwanda 462 Jamaica 302 Samoa 466 Jordan 306 Sao Tome and Principe 470 Kazakhstan 310 Senegal 474 Kenya 314 Seychelles 478 Korea, Rep. 318 Sierra Leone 482 Kyrgyz Republic 322 Slovak Republic 486 Lao People's Democratic Republic 326 Solomon Islands 490 Latvia 330 Somalia 494 Lebanon 334 South Africa 498 Lesotho 338 Sri Lanka 502 Liberia 342 St. Kitts and Nevis 506 Lithuania 346 St. Lucia 510 Macedonia, FYR 350 St. Vincent and the Grenadines 514 Madagascar 354 Sudan 518 Malawi 358 Swaziland 522 Malaysia 362 Syrian Arab Republic 526 Maldives 366 Tajikistan 530 Mali 370 TIanzania 534 Mauritania 374 Thailand 538 Mauritius 378 Togo 542 Mexico 382 Tonga 546 Moldova 386 Trinidad and Tobago 550 Mongolia 390 Tunisia 554 Morocco 394 Turkey 558 Mozambique 398 Turkmenistan 562 Myanmar 402 Uganda 566 Nepal 406 lUkraine 570 Nicaragua 410 Uruguay 574 Niger 414 Uzbekistan 578 Nigeria 418 Vanuatu 582 Oman 422 Venezuela, Republica Bolivariana de 586 Pakistan 426 Vietnam 590 Panama 430 Yemen, Republic of 594 Papua New Guinea 434 Yugoslavia, Federal Republic of (Serbia Paraguay 438 and Montenegro) 598 Peru 442 Zambia 602 Philippines 446 Zimbabwe 606 Poland 450 Romania 454 Country notes 611 Russian Federation 458 vi Preface G lobal Development Finance consists of two tion between debt stock and its components; the volumes: Analysis and Summary Tables computation of net flows, aggregate net resource and Country Tables. Analysis and Sum- flows, and aggregate net transfers; and the rela- mary Tables contains analysis and commentary on tion between net resource flows and the balance of recent developments in international finance for payments. Exact definitions of these and other developing countries, together with summary sta- terms used in Global Development Finance are tistical tables for selected regional and analytical found in the Sources and Definitions section. groups comprising 149 developing countries. The economic aggregates presented in the ta- Country Tables contains statistical tables on bles are prepared for the convenience of users. Al- the external debt of the 137 countries that report though debt indicators can give useful information public and publicly guaranteed debt under the about developments in debt-servicing capacity, Debtor Reporting System (DRS). Also included conclusions drawn from them will not be valid un- are tables of selected debt and resource flow statis- less accompanied by careful economic evaluation. tics for individual reporting countries as well as The macroeconomic information provided is from summary tables for regional and income groups. standard sources, but many of them are subject to Earlier this year, country tables and summary considerable margins of error, and the usual care statistics were also made available on CD-ROM must be taken in interpreting the indicators. This through an advance release edition. is particularly the case for the most recent year or For the convenience of readers, charts on two, when figures are preliminary and subject to pages xx to xxii summarize graphically the rela- revision. This volume was prepared by the Financial Data Team of the Development Data Group, led by Punam Chuhan and comprising Nanasamudd Chhim, Mahyar E,hragh-Tabary. Ne% in Fahmy, Shel- ley Fu, Ibrahim Le%enr, Mohey Ragab, Gloria Rewes, and Alagiri Venkatesan. The team was as- sisted by Sheku Bengura, Kabinah Fofanah, Demet K3ya, Alexandra Mierlino. Srephane Ritz. Haiyan Shi, and Lisa Simms. Soong Sup Lee provided the macroeconomic data. Many others inside the WT'orld Bank provided helpful input, especiallk the staff of the Development Prospects Group, and the country economists who reviewed the data. The principal editor was Meta de Coquereau- mont and rhe volume was laid out by Nend% Guy erte with Cummunicaruons Developmenr Incorpo- rated. The work was carried out under the direction of Shaida Badiee. vii Acronyms and Abbreviations BIS Bank for International Settlements IMF International Monetary Fund CRS Creditor Reporting System (of the OECD) LIBOR London interbank offer rate DAC Development Assistance Committee (of the MYRA Multiyear rescheduling agreement OECD) OECD Organisation for Economic Co-operation and DDSR Debt and debt service reduction Development DRS Debtor Reporting System (of the World Bank) OPEC Organization of Petroleum Exporting Countries GNP Gross national product RXD Revised external debt IBRD International Bank for Reconstruction and SDR Special drawing right (of the IMF) Development/World Bank WBXD World Bank External Debt System IDA International Development Association (of the World Bank) Note for World Wide Web users Recent, high-frequency debt statistics for 176 developing and transition economies are now available on a mul- tiagency Web site. The data include key debt indicators such as bank loans, debt securities issued abroad, Brady bonds, and multilateral claims, with emphasis on debt due within a year. The tables on this site can be accessed in both page-image and spreadsheet format. Go to http://www.worldbank.org/dataljointdebt.html viii Methodology T he World Bank is the sole repository for statistics on and disbursed are sometimes not equal to net flows (dis- the external debt of developing countries on a loan- bursements less principal repayments); similarly, changes in by-loan basis. The Debtor Reporting System (DRS), debt outstanding including undisbursed debt differ from set up in 1951 to monitor these statistics, is maintained by commitments less repayments. Discrepancies are particu- the staff of the Financial Data Team (FIN), part of the De- larly significant when exchange rates have moved sharply velopment Data Group of Development Economics. during the year; cancellations and reschedulings of other li- abilities into long-term public debt also contribute to the differences. Public and publicly guaranteed debt Methodology for aggregating data All data related to public and publicly guaranteed debt are U sing the DRS data, in combination with information from debtors except for lending by some multilateral agen- U obtained from creditors through the debt data collec- cies, in which case data are taken from the creditors' tion systems of other agencies such as the Bank for Interna- records. These creditors include the African Development tional Settlements (BIS) and the Organisation for Economic Bank, the Asian Development Bank, the Central Bank for Co-operation and Development (OECD), the staff of the Economic Integration, the IMF, the Inter-American Financial Data Team estimate the total external indebted- Development Bank, and the International Bank for Recon- ness of developing countries. The data are also supple- struction and Development (IBRD) and the International mented by estimates made by country economists of the Development Association (IDA). (The IBRD and IDA are World Bank and desk officers of the International Mone- components of the World Bank.) tary Fund (IMF). Starting with the 1988-89 edition of World Debt Ta- bles (as this book was previously titled), all data pertaining Converting to a common currency to World Bank loans from 1985 onward are recorded at Since debt data are normally reported to the World Bank in their current market value. Starting with the 1991-92 edi- the currency of repayment, they have to be converted into a tion, all data pertaining to Asian Development Bank loans common currency (usually U.S. dollars) to produce sum- from 1989 onward are recorded at their current market mary tables. Stock figures (such as the amount of debt out- value. Starting with the 1998 edition, all data pertaining to standing) are converted using end-period exchange rates, African Development Bank and African Development Fund as published in the IMF's International Financial Statistics loans from 1997 onward are recorded at their current mar- (line ae). Flow figures are converted at annual average ex- ket value as well. change rates (line rf). Projected debt service is converted using end-period exchange rates. Debt repayable in multi- Private nonguaranteed debt ple currencies, goods, or services and debt with a provision The DRS was expanded in 1970 to incorporate private for maintenance of value of the currency of repayment are nonguaranteed long-term debt. Reports, submitted annually, shown at book value. Because flow data are converted at contain aggregate data for disbursed and outstanding debt, annual average exchange rates and stock data at year-end disbursements, principal repayments, interest payments, exchange rates, year-to-year changes in debt outstanding principal and interest rescheduled for the reporting year, and ix G LO B AL DE V EL O PM ENT F INA NC E projected payments of principal and interest. Data Short-term debt are usually presented in dollars and currency con- The World Bank regards the individual reporting version is not necessary. A few reporting countries country as the authoritative source of informa- choose to provide data on their private nonguaran- tion on its own external liabilities. But for short- teed debt in the loan-by-loan format used for re- term debt, defined as debt with an original matu- porting public and publicly guaranteed debt. In rity of one year or less, accurate information is those cases the currency conversion and projection not widely available from debtors. By its nature, methodology just described is used. short-term debt is difficult to monitor; loan-by- Although the reporting countries fully recog- loan registration is normally impractical, and nize the importance of collecting data on private most reporting arrangements involve periodic re- nonguaranteed debt when it constitutes a signifi- turns to a country's central bank from its bank- cant portion of total external debt, detailed data ing sector. Since 1982 the quality of such report- are available only in countries that have registra- ing has improved, but only a few developing tion requirements covering private debt, most countries have figures available for short-term commonly in connection with exchange controls. debt. Where formal registration of foreign borrowing is Where information from debtors is not avail- not mandatory, compilers must rely on balance of able, data from creditors can indicate the magni- payments data and financial surveys. tude of a country's short-term debt. The most im- Thirty-four countries report their private non- portant source is the BIS's semiannual series guaranteed debt to the DRS. Estimates are made showing the maturity distribution of commercial for 43 others that do not report but for which this banks' claims on developing countries. Those data type of debt is known to be significant. are reported residually. However, an estimate of For private nonguaranteed debt that is not re- short-term liabilities by original maturity can be ported, the standard estimation approach starts calculated by deducting from claims due in one from a calculation of the stock of debt outstand- year those that had a maturity of between one and ing, using data available from creditors. Figures on two years twelve months earlier. guaranteed export credits, obtained from the There are several problems with this method. OECD's Creditor Reporting System (CRS), are Valuation adjustments caused by exchange rate supplemented by loan-by-loan information on of- movements will affect the calculations, as will pre- ficial lending to private borrowers and by infor- payment and refinancing of long-term maturities mation on noninsured commercial bank lending to falling due. Moreover, not all countries' commer- the private sector. cial banks report in a way that allows the full ma- Disbursements and debt service payments for turity distribution to be determined, and the BIS private nonguaranteed debt are more difficult to es- data include liabilities only to banks within the re- timate. Amortization is estimated by making an as- porting area. Nevertheless, combining these esti- sumption regarding the proportion of debt repaid mates with data on officially guaranteed short- each year and then applying these ratios to generate term suppliers' credits compiled by the OECD a first approximation of annual principal repay- gives what may be thought of as a lower-bound es- ments. Disbursements are then estimated as a resid- timate of a country's short-term debt. Even on this ual between net flows (equal to the change in the basis, however, the results need to be interpreted stock of debt) and estimated amortization. Interest with caution. Where short-term debt has been payments are estimated by applying an assumed av- rescheduled, the effect of lags in reporting and dif- erage interest rate to the stock of debt outstanding. ferences in the treatment of the rescheduled debt Data on the balance of payments flows pro- by debtors and creditors may result in double vide useful guidelines in the process of building a counting if short-term debt derived from creditor time series because private nonguaranteed debt sources is added to long-term debt reported by the can be treated as a residual between total net long- country to obtain total external liabilities. term borrowing and net long-term borrowing Some of the short-term debt estimates pub- recorded in the DRS for public and publicly guar- lished are drawn from debtor and creditor sources, anteed debt. but most are from creditor sources. Only for a few x M E T H O D O L O G Y countries can the data be regarded as authorita- evident in the main body of the debt data-only tive, but they offer a guide to the size of a coun- the resulting effect of these transactions is reflected. try's short-term (and, hence, its total) external Changes in creditor and debtor status that can debt. The quality of these data is likely to improve. result from debt restructuring are also reflected. For example, when insured commercial credits are Use of IMF credit rescheduled, the creditor classification shifts from Data related to the operations of the IMF come private sources to official sources (bilateral). This from the IMF Treasurer's Department and are reflects the assumption of the assets by the official converted from special drawing rights (SDRs) credit insurance agencies of the creditor countries. into dollars using end-of-period exchange rates The debts to the original creditors are reduced by for stocks and average over the period exchange the amounts rescheduled, and a new obligation to rates for converting flows, as described earlier, the official creditor agencies is created. This shift IMF trust fund loans and operations under the also applies to private nonguaranteed debt that is structural adjustment and enhanced structural reduced by the amounts rescheduled, which in adjustment facilities are presented together with turn are included in the public and publicly guar- all of the Fund's special facilities (the buffer anteed debt owed to official creditors. On the stock, compensatory financing, extended fund, debtor side, when a government accepts responsi- and oil facilities). bility for the payment of rescheduled debt previ- ously owed by private enterprises, the DRS regis- Treatment of arrears ters a change in debtor categories in the DRS. The DRS collects information on arrears in both Similarly, when short-term debt is included in a re- principal and interest. Principal in arrears is in- structuring agreement, the rescheduled amount is cluded and identified in the amount of long-term shifted from short-term to long-term debt. 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 out- standing. If and when interest in arrears is capital- Methodology for projecting data ized under a debt reorganization agreement, the A n important feature of the WBXD and the amount of interest capitalized will be added to the 1IRXD system of the DRS is its ability to pro- amount of long-term debt outstanding and the ject future disbursements of unutilized commit- corresponding deduction made from the amount ments and future debt service payments. of short-term debt outstanding. Undisbursed debt Treatment of debt restructurings Projections of disbursements help underpin future The DRS attempts to capture accurately the effects capital requirements in the implementation of ex- of the different kinds of restructurings on both ternally financed projects. In addition, they help debt stocks and debt flows, consistent with the cir- determine the interest portion of projected debt cumstances under which the restructuring takes service. Future interest payments are based on place. Whether a flow has taken place is some- projected debt outstanding that is itself deter- times difficult to determine. mined by projected disbursements and repay- In compiling and presenting the debt data, a ments. The underlying assumptions of these pro- distinction is made between cash flows and im- jections are that loan commitments will be fully puted flows. Based on this criterion, rescheduled utilized and that the debtor country will repay all service payments and the shift in liabilities from sums due. Future disbursements and debt service one financial instrument to another as a result of refer only to existing debt and do not reflect any rescheduling are considered to be imputed flows. assumptions on future borrowing. The imputed flows are recorded separately in Disbursement projections use two methods: the Revised External Debt (RXD) system and the * Specific schedules. Debtor countries are re- new World Bank External Debt System (WBXD), quested to submit a calendar of future disburse- but these debt restructuring transactions are not ments, if available, at the time individual loans are xi G LO B AL DE V EL O PM ENT F INA NC E first reported. Country authorities are in a better Future debt service payments position to provide estimated disbursement sched- Most projections of future debt service payments ules when there is a solid public sector investment generated by the RXD and WBXD system are program in place. based on the repayment terms of the loans. Princi- * Standard schedules. In the absence of specific pal repayments (amortization) are based on the schedules, the RXD and WBXD system projects amount of loan commitments, and the amortiza- disbursements by applying a set of profiles to the tion profile of most loans follows a set pattern. last actual undisbursed balance of individual loans. Using the first and final payment dates and the fre- The profiles are derived under the assumption that quency of the payments, the system calculates the specific sources of funds have some common char- stream of principal payments due. If future pay- acteristics that cause them to disburse, in the aggre- ments are irregular, the RXD and WBXD system gate, in some observable pattern. Accordingly, requires a schedule. some thirty profiles have been derived that roughly Projected future interest payments are calcu- correspond to creditor type. Profiles exist for con- lated similarly. Interest is based on the amount of cessional and nonconcessional loans from official debt disbursed and outstanding at the beginning of creditors. For bilateral lending, profiles have been the period. Again, using the first and final interest developed for the Development Assistance Com- payment dates and the frequency of payments, the mittee, the Organization of Petroleum-Exporting system calculates the stream of interest payments Countries (OPEC), and other creditor groupings. due. If interest payments are irregular, the RXD For multilateral lending, specific profiles are avail- and WBXD system requires a schedule. able for major international organizations. An esti- The published figures for projected debt ser- mating equation for each profile is derived by ap- vice obligations are converted into U.S. dollars plying regression analysis techniques to a body of using the end-December 1998 exchange rates. data that contains actual disbursement information Likewise the projection routine for variable inter- for more than 100,000 loans. Although these stan- est rate debt, such as commercial bank debt based dard profiles are reestimated from time to time, on the London interbank offer rate (LIBOR), as- under the best scenario they can only approximate sumes that the rate prevailing at the end of Decem- the disbursement pattern of any single loan. ber 1998 will be effective throughout. xii Sources and definitions T his edition of Global Development Finance presents Total debt flows are consolidated data on disburse- reported or estimated data on the total external debt ments, principal repayments, and interest payments for of all low- and middle-income countries. total long-term debt and transactions with the IMF. Net flows on debt are disbursements on long-term debt and IMF purchases minus principal repayments on long-term debt and IMF repurchases up to 1984. Beginning Format in 1985 this line includes the change in stock of short-term T he Country Tables volume of Global Development Fi- debt (including interest arrears for long-term debt). Thus if T nance has been expanded to include summary tables the change in stock is positive, a disbursement is assumed along with the standard country tables for the 137 individ- to have taken place; if negative, a repayment is assumed to ual countries that report to the World Bank's Debtor Re- have taken place. porting System (DRS). Summary tables present selected Total debt service (TDS) shows the debt service pay- debt and resource flow statistics for the individual report- ments on total long-term debt (public and publicly guaran- ing countries and external debt data for regional and in- teed and private nonguaranteed), use of IMF credit, and in- come groups. Regional and income group totals in the terest on short-term debt. summary tables include estimates for the twelve low- and SECTION 2 provides data series for aggregate net re- middle-income countries that do not report to the DRS. Be- source flows and net transfers (long term). cause these estimates are not shown separately in the ta- Net resource flows (long term) are the sum of net re- bles, most group totals are larger than the sum of the DRS source flows on long-term debt (excluding IMF) plus net figures shown. The format of the regional and income foreign direct investment, portfolio equity flows, and offi- group tables draws on the individual country table format cial grants (excluding technical cooperation). Grants for and includes graphic presentations. technical cooperation are shown as a memorandum item. For the 137 individual countries that report to the Also shown as memorandum items are official net resource World Bank's DRS, tables are presented in a four-page lay- flows and private net resource flows. Official net resource out containing ten sections. flows are the sum of net flows on long-term debt to official SECTION 1 summarizes the external debt of the country. creditors (excluding the IMF) plus official grants (exclud- Total debt stocks (EDT) consist of public and publicly ing technical cooperation). Private net resource flows are guaranteed long-term debt, private nonguaranteed long- the sum of net flows on debt to private creditors plus net term debt (whether reported or estimated by the staff of the foreign direct investment and portfolio equity flows. Offi- World Bank), the use of IMF credit, and estimated short- cial net transfers and private net transfers are shown as term debt. Interest in arrears on long-term debt and the use memorandum items as well. of IMF credit are added to the short-term debt estimates Net transfers (long term) are equal to net long-term re- and shown as separate lines. Arrears of principal and of in- source flows minus interest payments on long-term loans terest have been disaggregated to show the arrears owed to and foreign direct investment profits. official creditors and those owed to private creditors. Ex- SECTION 3 provides data series for major economic ag- port credits and principal in arrears on long-term debt are gregates. The gross national product (GNP) series uses shown as memorandum items. yearly average exchange rates in converting GNP from xiii G LOB AL D EVE LO PM ENT FIN AN C E local currency into U.S. dollars. The economic ag- licly guaranteed debt and information on the level gregates are prepared for the convenience of users; of commitments from official and private sources. the usual caution should be exercised in using SECTION 10 provides anticipated disburse- them for economic analysis. ments and contractual obligations on long-term SECTION 4 provides debt indicators: ratios of debt contracted up to December 1998. debt and debt service to some of the economic ag- gregates. SECTION 5 provides detailed information on Sources stocks and flows of long-term debt and its various The principal sources of information for the ta- components. Data on bonds issued by private enti- TLbles in these two volumes are reports to the ties without public guarantee, compiled for major World Bank through the DRS from member coun- borrowers, are included in private nonguaranteed tries that have received either IBRD loans or IDA debt. IBRD loans and IDA credits are shown as credits. Additional information has been drawn memorandum items. from the files of the World Bank and the IMF. SECTION 6 provides information on the cur- Reporting countries submit detailed (loan-by- rency composition of long-term debt. The six loan) reports through the DRS on the annual sta- major currencies in which the external debt of tus, transactions, and terms of the long-term exter- low- and middle-income countries is contracted nal debt of public agencies and that of private ones are separately identified, as is debt denominated in guaranteed by a public agency in the debtor coun- special drawing rights and debt repayable in multi- try. This information forms the basis for the tables ple currencies. in these volumes. SECTION 7 provides information on restructur- Aggregate data on private debt without public ings of long-term debt starting in 1985. It shows guarantee are compiled and published as reliable both the stock and flows rescheduled each year. In reported and estimated information becomes addition, the amount of debt forgiven (interest for- available. This edition includes data on private given is shown as a memorandum item) and the nonguaranteed debt reported by 34 developing amount of debt stock reduction (including debt countries and complete or partial estimates for an buyback) are also shown separately. (See the additional 43 countries. Methodology section for a detailed explanation of The short-term debt data are as reported by restructuring data.) the debtor countries or are estimates derived from SECTION 8 reconciles the stock and flow data creditor sources. The principal creditor sources are on total external debt for each year, beginning with the semiannual series of commercial banks' claims 1989. This section is designed to illustrate the on developing countries, published by the Bank changes in stock that have taken place due to five for International Settlements (BIS), and data on of- factors: the net flow on debt, the net change in in- ficially guaranteed suppliers' credits compiled by terest arrears, the capitalization of interest, the re- the Organisation for Economic Co-operation and duction in debt resulting from debt forgiveness or Development (OECD). For some countries, esti- other debt reduction mechanisms, and the cross- mates were prepared by pooling creditor and currency valuation effects. The residual difference debtor information. -the change in stock not explained by any of the Interest in arrears on long-term debt and the factors identified above-is also presented. The use of IMF credit are added to the short-term debt residual is calculated as the sum of identified ac- estimates and shown as separate lines in section 1. counts minus the change in stock. Where the resid- Arrears of interest and of principal owed to offi- ual is large it can, in some cases, serve as an illus- cial and to private creditors are identified tration of the inconsistencies in the reported data. separately. More often, however, it can be explained by spe- Export credits are shown as a memorandum cific borrowing phenomena in individual countries. item in section 1. They include official export cred- These are explained in the Country Notes section. its, and suppliers' credits and bank credits officially SECTION 9 provides information on the aver- guaranteed or insured by an export credit agency. age terms of new commitments on public and pub- Both long-term and short-term export credits are xiv SO U RC ES AND DE F IN IT IO NS included. The source for this information is the In the tables, public and publicly guaranteed Creditor Reporting System (CRS) of the OECD. long-term debt are aggregated. Data on long-term debt reported by member Short-term external debt is defined as debt countries are checked against, and supplemented by, that has an original maturity of one year or less. data from several other sources. Among these are Available data permit no distinction between pub- the statements and reports of several regional devel- lic and private nonguaranteed short-term debt. opment banks and government lending agencies, as Interest in arrears on long-term debt is de- well as the reports received by the World Bank under fined as interest payment due but not paid, on a the CRS from the members of the Development As- cumulative basis. sistance Committee (DAC) of the OECD. Principal in arrears on long-term debt is de- Every effort has been made to ensure the accu- fined as principal repayment due but not paid, on racy and completeness of the debt statistics. Nev- a cumulative basis. ertheless, quality and coverage vary among The memorandum item export credits in- debtors and may also vary for the same debtor cludes official export credits, suppliers' credits, from year to year. Coverage has been improved and bank credits officially guaranteed or insured through the efforts of the reporting agencies and by an export credit agency. Both long-term and the work of World Bank missions, which visit short-term credits are included here. member countries to gather data and to provide Use of IMF credit denotes repurchase obliga- technical assistance on debt issues. tions to the IMF with respect to all uses of IMF re- sources (excluding those resulting from drawings in the reserve tranche) shown for the end of the Definitions year specified. Use of IMF credit comprises pur- For all regional, income, and individual country chases outstanding under the credit tranches, in- Ftables, data definitions are presented below or cluding enlarged access resources and all special footnoted where appropriate. Data definitions for facilities (the buffer stock, compensatory financ- other summary tables are, likewise, consistent ing, extended fund, and oil facilities), trust fund with those below. loans, and operations under the structural adjust- ment and enhanced structural adjustment facili- Summaty debt data ties. Data are from the Treasurer's Department of TOTAL DEBT STOCKS are defined as the sum of pub- the IMF. lic and publicly guaranteed long-term debt, private * IMF purchases are total drawings on the gen- nonguaranteed long-term debt, the use of IMF eral resources account of the IMF during the year credit, and short-term debt. The relation between specified, excluding drawings in the reserve total debt stock and its components is illustrated tranche. on page xx. a IMF repurchases are total repayments of out- Long-term external debt is defined as debt standing drawings from the general resources ac- that has an original or extended maturity of more count during the year specified, excluding repay- than one year and that is owed to nonresidents ments due in the reserve tranche. and repayable in foreign currency, goods, or ser- To maintain comparability between data on vices. Long-term debt has three components: transactions with the IMF and data on long-term * Public debt, which is an external obligation of debt, use of IMF credit outstanding at year end a public debtor, including the national govern- (stock) is converted to dollars at the SDR ex- ment, a political subdivision (or an agency of ei- change rate in effect at the end of the year. Pur- ther), and autonomous public bodies chases and repurchases (flows) are converted at * Publicly guaranteed debt, which is an external the average SDR exchange rate for the year in obligation of a private debtor that is guaranteed which transactions take place. for repayment by a public entity Net purchases will usually not reconcile * Private nonguaranteed external debt, which is changes in the use of IMF credit from year to year. an external obligation of a private debtor that is Valuation effects from the use of different ex- not guaranteed for repayment by a public entity. change rates frequently explain much of the differ- xv G LOB AL D EVE LO PM ENT FIN AN C E ence, but not all. Other factors are increases in sum of equity capital, reinvestment of earnings, quotas (which expand a country's reserve tranche other long-term capital, and short-term capital as and can thereby lower the use of IMF credit as de- shown in the balance of payments. fined here), approved purchases of a country's cur- Portfolio equity flows are the sum of country rency by another member country drawing on the funds, depository receipts (American or global), general resources account, and various administra- and direct purchases of shares by foreign tive uses of a country's currency by the IMF. investors. TOTAL DEBT FLOWS include disbursements, Grants are defined as legally binding commit- principal repayments, net flows and transfers on ments that obligate a specific value of funds avail- debt, and interest payments. able for disbursement for which there is no repay- Disbursements are drawings on loan commit- ment requirement. ments during the year specified. The memo item technical cooperation grants Principal repayments are the amounts of prin- includes free-standing technical cooperation cipal (amortization) paid in foreign currency, grants, which are intended to finance the transfer goods, or services in the year specified. of technical and managerial skills or of technology Net flows on debts (or net lending or net dis- for the purpose of building up general national ca- bursements) are disbursements minus principal re- pacity without reference to any specific investment payments. projects; and investment-related technical cooper- Interest payments are the amounts of interest ation grants, which are provided to strengthen the paid in foreign currency, goods, or services in the capacity to execute specific investment projects. year specified. Profit remittances on foreign direct invest- Net transfers on debt are net flows minus in- ment are the sum of reinvested earnings on direct terest payments (or disbursements minus total investment and other direct investment income debt service payments). and are part of net transfers. The concepts of net flows on debt, net trans- fers on debt, and aggregate net flows and net Major economic aggregates transfers are illustrated on pages xxi and xxii. Five economic aggregates are provided for the re- Total debt service paid (TDS) is debt service porting economies. payments on total long-term debt (public and pub- Gross national product (GNP) is the measure licly guaranteed and private nonguaranteed), use of the total domestic and foreign output claimed of IMF credit, and interest on short-term debt. by residents of an economy, less the domestic out- put claimed by nonresidents. GNP does not in- Aggregate net resource flows and transfers clude deductions for depreciation. Data on GNP NET RESOURCE FLOWS (LONG-TERM) are the sum of are from the Macroeconomic Data Team of the net resource flows on long-term debt (excluding Development Economics Development Data IMF) plus non-debt-creating flows. Group of the World Bank. NON-DEBT-CREATING FLOWS are net foreign di- Exports of goods and services (XGS) are the rect investment, portfolio equity flows, and official total value of goods and services exported as well grants (excluding technical cooperation). Net for- as income and worker remittances received. eign direct investment and portfolio equity flows Imports of goods and services (MGS) are the are treated as private source flows. Grants for total value of goods and services imported and in- technical cooperation are shown as a memoran- come paid. dum item. International reserves (RES) are the sum of a Foreign direct investment (FDI) is defined as country's monetary authority's holdings of special investment that is made to acquire a lasting man- drawing rights (SDRs), its reserve position in the agement interest (usually 10 percent of voting IMF, its holdings of foreign exchange, and its hold- stock) in an enterprise operating in a country other ings of gold (valued at year-end London prices). than that of the investor (defined according to res- Current account balance is the sum of the idency), the investor's purpose being an effective credits less the debits arising from international voice in the management of the enterprise. It is the transactions in goods, services, income, and cur- xvi SO UR C ES AND DE F IN IT IO NS rent transfers. It represents the transactions that INT/GNP is total interest payments to gross add to or subtract from an economy's stock of for- national product. eign financial items. RES/EDT is international reserves to total ex- Data on exports and imports (on a balance of ternal debt. payments basis), international reserves, and cur- RES/MGS is international reserves to imports rent account balances are drawn mainly from the of goods and services. files of the IMF, complemented by World Bank Short-term/EDT is short-term debt to total staff estimates. Balance of payments data are pre- external debt. sented according to the fifth edition of the IMF's Concessional/EDT is concessional debt to Balance of Payments Manual, which made several total external debt. adjustments to its presentation of trade statistics. Multilateral/EDT is multilateral debt to total Coverage of goods was expanded to include in external debt. imports the value of goods received for processing and repair (on a gross basis). Their subsequent re- Long-term debt export is recorded in exports (also on a gross Data on long-term debt include eight main elements: basis). This approach will cause a country's im- DEBT OUTSTANDING AND DISBURSED is the total ports and exports to increase without affecting outstanding debt at year end. the balance of goods. In addition, all capital DISBURSEMENTS are drawings on loan commit- transfers, which were included with current trans- ments by the borrower during the year. fers in the fourth edition of the Balance of Pay- PRINCIPAL REPAYMENTS are amounts paid by ments Manual, are now shown in a separate capi- the borrower during the year. tal (as opposed to financial) account, and so do NET FLOWS received by the borrower during the not contribute to the current account balance. year are disbursements minus principal repayments. INTEREST PAYMENTS are amounts paid by the Debt indicators borrower during the year. The macroeconomic aggregates and debt data pro- NET TRANSFERS are net flows minus interest vided in the tables are used to generate ratios that payments during the year; negative transfers show analysts use to assess the external situations of de- net transfers made by the borrower to the creditor veloping countries. Different analysts give different during the year. weights to these indicators, but no single indicator DEBT SERVICE (LTDS) is the sum of principal or set of indicators can substitute for a thorough repayments and interest payments actually made. analysis of the overall situation of an economy. The UNDISBURSED DEBT is total debt undrawn at advantage of the indicators in Global Development year end; data for private nonguaranteed debt are Finance is that they are calculated from standard- not available. ized data series that are compiled on a consistent Data from individual reporters are aggregated basis by the World Bank and the IMF. The ratios by type of creditor. Official creditors includes mul- offer various measures of the cost of, or capacity tilateral and bilateral debt. for, servicing debt in terms of the foreign exchange * Loans from multilateral organizations are or output forgone. The following ratios are pro- loans and credits from the World Bank, regional de- vided based on total external debt: velopment banks, and other multilateral and inter- EDT/XGS is total external debt to exports of governmental agencies. Excluded are loans from goods and services (including workers' remittances). funds administered by an international organization EDT/GNP is total external debt to gross na- on behalf of a single donor government; these are tional product. classified as loans from governments. TDS/XGS, also called the debt service ratio, is * Bilateral loans are loans from governments total debt service to exports of goods and services and their agencies (including central banks), loans (including workers' remittances). from autonomous bodies, and direct loans from INT/XGS, also called the interest service ratio, official export credit agencies. is total interest payments to exports of goods and Private creditors include bonds, commercial services (including workers' remittances). banks, and other private creditors. Commercial xvii G LO B AL DE V EL O PM ENT F INA NC E banks and other private creditors comprise bank the cash-basis transactions recorded in the main and trade-related lending. body of the data. * Bonds include publicly issued or privately Debt stock rescheduled is the amount of debt placed bonds. outstanding rescheduled in any given year. * Commercial banks are loans from private Principal rescheduled is the amount of princi- banks and other private financial institutions. pal due or in arrears that was rescheduled in any * Other private includes credits from manufac- given year. turers, exporters, and other suppliers of goods, Interest rescheduled is the amount of interest and bank credits covered by a guarantee of an ex- due or in arrears that was rescheduled in any given port credit agency. year. Four characteristics of a country's debt are Debt forgiven is the amount of principal due given as memorandum items for long-term debt or in arrears that was written off or forgiven in outstanding and disbursed (LDOD). any given year. Concessional LDOD conveys information Interest forgiven is the amount of interest due about the borrower's receipt of aid from official or in arrears that was written off or forgiven in lenders at concessional terms as defined by the any given year. DAC, that is, loans with an original grant element Debt stock reduction is the amount that has of 25 percent or more. Loans from major regional been netted out of the stock of debt using debt development banks-African Development Bank, conversion schemes such as buybacks and equity Asian Development Bank, and the Inter-American swaps or the discounted value of long-term bonds Development Bank-and from the World Bank are that were issued in exchange for outstanding debt. classified as concessional according to each institu- tion's classification and not according to the DAC Debt stock-flow reconciliation definition, as was the practice in earlier reports. Stock and flow data on total external debt are rec- Variable interest rate LDOD is long-term onciled for each year, beginning with 1989. The debt with interest rates that float with movements data show the changes in stock that have taken in a key market rate such as the London interbank place due to the net flow on debt, the net change offer rate (LIBOR) or the U.S. prime rate. This in interest arrears, the capitalization of interest, item conveys information about the borrower's ex- the reduction in debt resulting from debt forgive- posure to changes in international interest rates. ness or other debt reduction mechanisms, and the Public sector LDOD and private sector cross-currency valuation effects. The residual dif- LDOD convey information about the distribution ference-the change in stock not explained by any of long-term debt for DRS countries by type of of these factors-is also presented, calculated as debtor (central government, state and local gov- the sum of identified accounts minus the change in ernment, central bank; private bank, private debt). stock. Currency composition of long-term debt Average terms of new commitments The six major currencies in which the external The average terms of borrowing on public and debt of low- and middle-income countries is con- publicly guaranteed debt are given for all new tracted are separately identified, as is debt denom- loans contracted during the year and separately inated in special drawing rights and debt re- for loans from official and private creditors. To payable in multiple currencies. obtain averages, the interest rates, maturities, and grace periods in each category have been weighted Debt restructurings by the amounts of the loans. The grant equivalent Debt restructurings include restructurings in the of a loan is its commitment (present) value, less context of the Paris Club, commercial banks, debt- the discounted present value of its contractual equity swaps, buybacks, and bond exchanges. debt service; conventionally, future service pay- Debt restructuring data capture the noncash or in- ments are discounted at 10 percent. The grant ele- ferred flows associated with rescheduling and re- ment of a loan is the grant equivalent expressed as structuring. These are presented to complement a percentage of the amount committed. It is used xviii SO U RC ES AND DE F IN IT IO NS as a measure of the overall cost of borrowing. outstanding and disbursed at the end of a given Loans with an original grant element of 25 percent year (a stock) is converted at the rate in effect at or more are defined as concessional. The average the end of that year. Projected debt service, how- grant element has been weighted by the amounts ever, is converted to U.S. dollars at rates in effect of the loans. at end-December 1998. Debt repayable in multiple Commitments cover the total amount of loans currencies, goods, or services and debt with a pro- for which contracts were signed in the year speci- vision for maintenance of value of the currency of fied; data for private nonguaranteed debt are not repayment are shown at book value. available. Adjustments Projections on existing pipeline Year-to-year changes in debt outstanding and Projected debt service payments are estimates of disbursed are sometimes not equal to net flows; payments due on existing debt outstanding, in- similarly, changes in debt outstanding, including cluding undisbursed. They do not include service undisbursed, differ from commitments less repay- payments that may become due as a result of new ments. The reasons for these differences are can- loans contracted in subsequent years. Nor do they cellations, adjustments caused by the use of differ- allow for effects on service payments of changes in ent exchange rates, and the rescheduling of other repayment patterns owing to prepayment of loans liabilities into long-term public debt. or to rescheduling or refinancing, including repay- ment of outstanding arrears, that occurred after Domestic debt the last year of reported data. Domestic debt is defined as debt issued by central Projected disbursements are estimates of governments in local fixed-income markets. A data- drawings of unutilized balances. The projections base has been created targeting 15 countries, and do not take into account future borrowing by the the coverage is likely to expand. The database be- debtor country. See Methodology section for a de- gins in 1997. Data are captured at a disaggregated, tailed explanation of how undisbursed balances monthly issue level, providing the transparency are projected. needed in such a high-frequency market. Data are collected from government sources-such as central Exchange rates banks and national treasuries-and market sources. Data received by the World Bank from its mem- bers are expressed in the currencies in which the Symbols debts are repayable or in which the transactions The following symbols have been used through- took place. For aggregation, the Bank converts out: these amounts to U.S. dollars using the IMF par * 0.0 indicates that a datum exists, but is negli- values or central rates, or the current market rates gible, or is a true zero. where appropriate. Service payments, commit- a indicates that a datum is not available. ments, and disbursements (flows) are converted to * Dollars are current U.S. dollars unless other- U.S. dollars at the average rate for the year. Debt wise specified. xix Debt stock and its components Total external debt (EDT) Short-term debt Long-term debt Use of IMF (LDOD) credits by debtor | Private ||Public and publicly| nonguaranteed debt guaranteed debt by creditor Official creditors Private creditors Multilateral Bilateral Commercial Bonds Other banks xx Aggregate net resource flows and net transfers (long-term) to developing countries Loan disbursements minus _Principal repayments equals Foreign direct in- Debt service Net resource flows vestment (FDI), -equals- Aggregate net (LTDS) on debt portfolio equity resource flows flows, and official l_ _ __grants I minus minus Loan interest Interest payments and FDI profits II II equals equals Net transfers on Aggregate net debt transfers xxi Aggregate net resource flows (long-term) and the balance of payments Credits Debits * Exports of goods and services * Imports of goods and services * Income received * Income paid Current account * Current transfers * Current transfers Including workers' remittances and private grants * Official unrequited transfers (by foreign * Official unrequited transfers (by national governments) government) * Official unrequited transfers (by foreign * Official unrequited transfers (by national governments) government) * Foreign direct investment (by nonresidents) * Foreign direct investment (by residents) (disinvestment shown as negative) (disinvestment shown as negative) Capital and * Portfolio invesrment (by nonresidents) * Portfolio in'eestment tabroad bN financial account (amortizations shown as negativel residentsi amrorrizacions shown as negati%e) * Other long-term capital inflow.s (by * Other long-rerni capi[al ourtlow% (by nonresidenrs) (amortizations shown residenrs) iamorrizarions show%n as as negative) negativel * Short-term capital inflow * Short-term capital outflow Reserve account Net changes in reserves D Aggregate net resource flows Z Net resource flows on debt (long-term) xxii Country groups Regional groups East Asia and the Pacific Romania (A) Venezuela, R.B. de (E) Cape Verde (A) Russian Federationb (E) Antigua and Barbuda Central African Republic (A) Cambodia (A) Slovak Republic (A) Cuba Chad (E) China (P) Taiikistan (A) Suriname Comoros (E) Fiji (A) Turkey (A) Congo, Dem. Rep. (E) Indonesia (P) Turkmenistan (A) Middle East and North Africa Congo, Rep. (E) Korea, Rep. (E) Ukraine (A) Cote d'Ivoire (E) Lao PDR (P) Uzbekistan (A) Algeria (A) Equatorial Guinea (E) Malaysia (P) Yugoslavia, FR (Serbia and Djibouti (E) Eritrea (A) Mongolia (P) Montenegro)a (E) Egypt, Arab Rep. (A) Ethiopia (A) Myanmar (A) Gibraltar Iran, Islamic Rep. (A) Gabon (A) Papua New Guinea (A) Jordan (A) Gambia, The (A) Philippines (A) Latin America and the Caribbean Lebanon (A) Ghana (A) Samoa (A) Morocco (A) Guinea (E) Solomon Islands (A) Argentina (A) Oman (A) Guinea-Bissau (P) Thailand (P) Barbados (A) Syrian Arab Republic (E) Kenya (A) Tonga (E) Belize (A) Tunisia (E) Lesotho (A) Vanuatu (E) Bolivia (A) Yemen, Rep. (E) Liberia (E) Vietnam (E) Brazil (P) Babrain Madagascar (A) Kiribati Chile (A) Iraq Malawi (P) Korea, Dem. Rep. Colombia (E) Libya Mali (A) Costa Rica (A) Saudi Arabia Mauritania (A) Europe and Central Asia Dominica (A) Mauritius (A) Dominican Republic (A) South Asia Mozambique (A) Albania (A) Ecuador (E) Niger (A) Armenia (A) El Salvador (A) Bangladesh (A) Nigeria (E) Azerbaijan (A) Grenada (A) Bhutan (A) Rwanda (A) Belarus (A) Guatemala (A) India (E) Sao Tome and Principe (A) Bosnia and Herzegovinaa (E) Guyana (A) Maldives (A) Senegal (P) Bulgaria (P) Haiti (P) Nepal (A) Seychelles (A) Croatia (A) Honduras (A) Pakistan (A) Sierra Leone (A) Czech Republic (P) Jamaica (E) Sri Lanka (A) Somalia (E) Estonia (A) Mexico (A) Afghanistan South Africa (E) Georgia (A) Nicaragua (A) Sudan (E) Hungary (A) Panama (A) Sub-Saharan Africa Swaziland (E) Kazakhstan (A) Paraguay (A) Tanzania (A) Kyrgyz Republic (A) Peru (A) Angola (A) Togo (A) Latvia (A) St. Kitts and Nevis (A) Benin (A) Uganda (A) Lithuania (P) St. Lucia (A) Botswana (A) Zambia (A) Macedonia, FYR (A) St.Vincent and the Grenadines (A) Burkina Faso (A) Zimbabwe (A) Moldova (A) Trinidad and Tobago (E) Burundi (A) Namibia Poland (A) Uruguay (A) Cameroon (P) Note: Countries printed in normal type are reporters to the Debtor Reporting System (DRS); those printed in italics do not report to the DRS but are included in aggregate tables. 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, excluding IBRD and IMF obligations and short-term debt, is included under Yugoslavia, FR (Serbia and Montenegro). b. Includes the debt of the former Soviet Union on the assumption that 100 percent of all outstanding external debt as of December 1991 has become a liability of the Russian Federation. xxiii G LO BA L D EVE LO PM ENT FIN AN C E Income groups Low-income countries Middle-income countries Angola Pakistan Albania Mexico Armenia Rwanda Algeria Morocco Azerbaijan Sao Tome and Principe Argentina Oman Bangladesh Senegal Barbados Panama Benin Sierra Leone Belarus Papua New Guinea Bhutan Solomon Islands Belize Paraguay Burkina Faso Somalia Bolivia Peru Burundi Sudan Bosnia and Herzegovina Philippines Cambodia Tajikistan Botswana Poland Cameroon Tanzania Brazil Romania Central African Republic Togo Bulgaria Russian Federation Chad Turkmenistan Cape Verde Samoa China Uganda Chile Seychelles Comoros Vietnam Colombia Slovak Republic Congo, Dem. Rep. Yemen, Rep. Costa Rica South Africa Congo, Rep. Zambia Croatia Sri Lanka C6te d'Ivoire Zimbabwe Czech Republic St. Kitts and Nevis Eritrea Afghanistan Djibouti St. Lucia Ethiopia Korea, Dem. Rep. Dominica St. Vincent and the Grenadines Gambia, The Dominican Republic Swaziland Ghana Ecuador Syrian Arab Republic Guinea Egypt, Arab Rep. Thailand Guinea-Bissau El Salvador Tonga Haiti Equatorial Guinea Trinidad and Tobago Honduras Estonia Tunisia India Fiji Turkey Indonesia Gabon Ukraine Kenya Georgia Uruguay Kyrgyz Republic Grenada Uzbekistan Lao PDR Guatemala Vanuatu Lesotho Guyana Venezuela, R.B. de Liberia Hungary Yugoslavia, FR (Serbia and Madagascar Iran, Islamic Rep. Montenegro) Malawi Jamaica Antigua and Barbuda Mali Jordan Bahrain Mauritania Kazakhstan Cuba Moldova Korea, Rep. Gibraltar Mongolia Latvia Iraq Mozambique Lebanon Kiribati Myanmar Lithuania Libya Nepal Macedonia, FYR Namibia Nicaragua Malaysia Saudi Arabia Niger Maldives Suriname Nigeria Mauritius Note: Countries printed in normal type are reporters to the Debtor Reporting System (DRS); those printed in italics do not report to the DRS but are included in aggregate tables. Low-income countries are those in which 1998 GNP per capita (calculated using the World Bank Atlas method) was no more than $760; middle- income countries are those in which GNP per capita was between $761 and $9,360. xxiv Debt tables Note to users For the period 1991-98 all ruble debt owed to the for- Long-term public and publicly guaranteed debt data are mer Soviet Union is converted at a rate of $1 = 0.6 ruble, Las reported for 92 countries; for 45 other countries the except in cases where a bilateral agreement specifying a dif- data are preliminary (that is, substantially based on re- ferent conversion rate is in place. This valuation method ported data) or estimated by World Bank staff (the status does not constitute an endorsement by World Bank staff of of each country is given in the Country Groups section). the appropriateness or validity of this method or the ex- For 23 of the 24 countries reporting private nonguar- change rate used. The appropriate valuation is a matter to anteed debt, data for 1998 are as reported. Data for the be resolved bilaterally between the Russian Federation and one other country are preliminary or estimates by World its debtor countries. Bank staff. The following abbreviations are used in the principal Data for exports, imports, and international reserves ratios and indicator charts: are standard series drawn from the International Monetary EDT Total external debt, including short-term and use Fund (IMF) and maintained in the data files of the World of IMF credit Bank. Data for gross national product denominated in U.S. LDOD Total long-term debt outstanding and disbursed dollars are drawn directly from the files of the Macroeco- INT Total interest payments on long-term and short- nomic Data Team of the Development Data Group of the term debt, including IMF charges World Bank. Data for direct foreign investment are drawn TDS Total debt service on long-term debt and short- from the IMF, and data for grants are drawn from the term (interest only), including IMF credits OECD and supplemented by estimates by World Bank FDI Foreign direct investment staff. The charts on pages xx to xxii are intended to help GNP Gross national product the reader interpret the debt stocks and flows reported in XGS Exports of goods and services the tables. MGS Imports of goods and services RES International reserves 2 EXTERNAL DEBT (US$ million, unless otherwise indicated) Long-term Distribution of long-term debt (%) Total debt Total debt / debt / total stock GNP (%) debt (%) Multilateral Bilateral Private 1993 1998 1993 1998 1993 1998 1993 1998 1993 1998 1993 1998 Albania 773 821 64 26 21 88 17 34 69 29 14 38 Algeria 26,020 30,665 54 68 95 93 12 15 14 53 75 32 Angola 10,574 12,173 326 297 82 87 1 3 21 28 78 70 Argentina 65,325 144,050 28 49 81 75 15 12 18 7 67 81 Armenia 134 800 7 42 100 71 45 76 55 24 0 0 Azerbaijan 36 693 1 18 100 53 0 54 100 28 0 18 Bangladesh 14,650 16,376 43 37 94 97 59 67 39 32 2 1 Barbados 571 608 35 .. 61 64 47 65 10 4 43 31 Belarus 969 1,120 4 5 89 68 13 37 56 27 32 36 Belize 199 338 39 52 90 84 35 42 45 35 20 23 Benin 1,447 1,647 70 72 95 89 50 64 50 36 0 0 Bhutan 97 120 46 32 98 100 58 68 30 32 12 0 Bolivia 4,307 6,078 78 73 90 75 52 59 42 34 7 6 Botswana 660 548 15 12 99 93 73 73 20 22 7 5 Brazil 143,836 232,004 34 31 78 87 8 8 18 6 73 85 Bulgaria 12,202 9,907 115 83 80 84 5 15 17 14 78 70 Burkina Faso 1,117 1,399 55 54 95 88 74 89 25 11 0 0 Burundi 1,061 1,119 110 128 94 96 82 85 18 15 0 0 Cambodia 1,829 2,210 91 78 92 95 0 13 100 87 0 0 Cameroon 7,456 9,829 67 119 87 84 22 18 55 74 23 8 Cape Verde 148 244 41 50 95 97 73 76 25 20 2 5 Central African Republic 875 921 68 89 88 90 69 75 28 24 3 1 Chad 768 1,091 53 65 93 92 78 81 21 17 1 2 Chile 20,637 36,302 47 48 78 79 27 5 5 2 68 93 China 85,928 154,599 20 16 82 82 15 18 19 18 66 64 Colombia 18,942 33,263 24 33 81 81 37 17 12 5 51 78 Comoros 185 203 70 103 92 93 76 85 24 15 0 0 Congo, Dem. Rep. 11,270 12,929 135 208 78 69 25 25 65 65 10 9 Congo, Rep. 5,081 5,119 308 307 81 83 13 15 57 66 30 19 Costa Rica 3,863 3,971 53 39 88 83 36 42 37 24 27 34 Cote d'lvoire 19,071 14,852 211 145 72 85 26 28 37 38 37 34 Croatia 1,614 8,297 15 38 92 83 20 8 14 14 66 77 Czech Republic 9,294 25,301 27 45 67 61 13 4 6 2 80 93 Djibouti 264 288 56 .. 87 92 50 55 50 45 0 0 Dominica 96 109 50 47 96 83 67 67 33 33 0 0 Dominican Republic 4,860 4,451 54 30 79 79 23 29 51 53 26 18 Ecuador 14,150 15,140 103 82 72 85 23 25 22 16 55 59 Egypt, Arab Rep. 30,509 31,964 67 37 93 87 13 15 77 81 10 3 El Salvador 2,033 3,633 29 31 95 77 56 63 34 22 10 15 Equatorial Guinea 264 306 176 76 81 71 41 45 52 48 7 7 Eritrea .. 149 .. 19 .. 97 .. 53 .. 47 .. 0 Estonia 154 782 4 15 62 57 47 31 15 8 38 61 Ethiopia 9,703 10,352 158 160 96 93 20 27 73 69 8 4 Fiji 330 193 21 13 86 89 58 71 11 11 31 19 Gabon 3,861 4,425 100 91 76 87 14 14 66 82 20 3 Gambia,The 426 477 118 117 82 95 78 79 21 21 1 0 Georgia 559 1,674 17 32 100 79 17 33 70 66 12 1 Ghana 4,888 6,884 84 92 75 85 66 61 25 25 9 14 Grenada 136 183 56 56 68 62 45 44 45 50 11 6 Guatemala 3,190 4,565 28 24 84 69 33 38 39 35 28 27 Guinea 2,848 3,546 90 102 93 88 42 54 54 45 4 1 3 EXTERNAL DEBT (US$ million, unless otherwise indicated) Long-term Distribution of Iona-term debt (%) Total debt Total debt I debt / total stock GNP (%) debt (%) Multilateral Bilateral Private 1993 1998 1993 1998 1993 1998 1993 1998 1993 1998 1993 1998 Guinea-Bissau 787 964 355 504 91 91 46 47 51 53 3 0 Guyana 1,954 1,653 533 249 89 83 33 51 63 45 4 4 Haiti 803 1,048 44 27 81 94 80 85 10 15 10 0 Honduras 4,077 5,002 120 97 92 87 52 55 35 32 13 13 Hungary 24,364 28,580 65 62 87 83 16 6 3 3 81 90 India 94,342 98,232 34 23 91 95 32 33 33 25 35 42 Indonesia 89,172 150,875 59 176 80 81 25 15 37 25 38 60 Iran, Islamic Rep. 23,502 14,391 29 13 25 58 4 6 49 53 48 41 Jamaica 4,102 3,995 108 63 85 82 33 31 55 41 12 28 Jordan 7,609 8,485 142 147 89 87 14 22 49 59 37 19 Kazakhstan 1,728 5,714 7 26 94 81 2 27 86 18 12 56 Kenya 7,111 7,010 156 62 82 85 45 50 26 35 29 15 Korea, Rep. 47,202 139,097 14 44 74 68 9 12 18 1 73 86 Kyrgyz Republic 290 1,148 7 69 79 82 21 58 79 38 0 4 Lao PDR 1,985 2,437 150 199 98 97 23 40 77 60 0 0 Latvia 236 756 4 12 52 66 54 58 33 16 13 26 Lebanon 1,345 6,725 17 41 27 71 22 10 57 7 21 83 Lesotho 541 692 49 65 93 95 72 75 24 16 4 8 Liberia 1,957 2,103 .. .. 56 52 39 38 43 44 18 18 Lithuania 328 1,950 5 19 61 68 50 26 18 18 32 56 Macedonia, FYR 1,042 2,392 43 97 88 89 25 22 32 44 43 35 Madagascar 3,805 4,394 118 119 87 93 44 43 53 56 3 1 Malawi 1,826 2,444 82 137 95 95 84 86 13 13 3 1 Malaysia 26,149 44,773 43 65 73 81 8 4 15 8 77 88 Maldives 112 180 65 58 97 94 55 67 38 20 7 13 Mali 2,902 3,202 109 120 96 88 40 56 60 44 0 0 Mauritania 2,141 2,589 245 273 89 86 39 45 60 54 1 1 Mauritius 1,008 2,482 32 60 89 77 31 14 39 17 31 70 Mexico 131,734 159,959 34 42 69 78 18 14 11 5 71 81 Moldova 278 1,035 6 63 69 79 30 42 71 23 0 35 Mongolia 384 739 74 75 88 86 21 57 48 39 31 4 Morocco 21,459 20,687 83 60 97 99 28 31 47 38 26 31 Mozambique 5,212 8,208 271 223 93 93 16 25 80 49 3 26 Myanmar 5,757 5,680 .. .. 94 89 25 24 70 66 5 11 Nepal 2,010 2,646 52 54 97 98 82 86 14 12 4 1 Nicaragua 11,409 5,968 821 336 83 87 12 34 66 58 22 8 Niger 1,542 1,659 97 82 90 92 54 63 33 32 13 5 Nigeria 30,699 30,315 162 79 87 78 16 17 52 57 32 26 Oman 2,657 3,629 28 .. 87 61 7 9 18 20 75 72 Pakistan 24,527 32,229 49 53 87 89 46 46 43 37 11 17 Panama 6,958 6,689 100 78 55 86 16 17 18 6 66 77 Papua New Guinea 3,269 2,692 69 77 91 92 29 35 15 19 56 47 Paraguay 1,596 2,305 23 27 82 71 53 60 33 33 14 7 Peru 23,573 32,397 60 53 72 74 16 19 58 48 26 33 Philippines 35,936 47,817 65 70 83 82 26 20 45 31 29 48 Poland 45,176 47,708 53 30 93 87 4 5 74 60 22 35 Romania 4,239 9,513 16 25 55 82 42 30 26 22 32 48 Russian Federation 111,731 183,601 29 69 90 79 1 5 52 42 46 53 Rwanda 909 1,226 47 61 92 91 82 86 18 14 0 0 Samoa 194 180 125 102 72 86 89 94 10 6 0 0 Sao Tome and Principe 209 246 497 684 87 95 65 69 35 31 1 0 4 EXTERNAL DEBT (US$ million, unless otherwise indicated) Long-term Distribution of long-term debt (%) Total debt Total debt / debt / total stock GNP (%) debt (%) Multilateral Bilateral Private 1993 1998 1993 1998 1993 1998 1993 1998 1993 1998 1993 1998 Senegal 3,803 3,861 73 83 81 85 54 59 41 40 5 1 Seychelles 157 187 34 36 84 78 36 40 37 39 27 21 Sierra Leone 1,396 1,243 194 198 55 76 36 55 60 44 3 1 Slovak Republic 3,393 9,893 28 49 63 78 14 9 8 6 79 86 Solomon Islands 151 152 59 52 96 98 46 61 12 9 41 30 Somalia 2,501 2,635 .. .. 76 72 39 39 59 59 2 2 South Africa .. 24,712 .. 19 .. 54 .. 0 .. 0 .. 100 Sri Lanka 6,854 8,526 67 55 89 91 39 42 51 49 10 10 St. Kitts and Nevis 54 115 29 43 93 97 51 36 41 49 9 15 St. Lucia 99 184 22 32 96 69 68 68 32 26 0 6 St. Vincent and the Grenadines 97 420 42 139 76 24 69 64 31 34 0 1 Sudan 15,837 16,843 226 183 60 58 21 21 59 58 21 21 Swaziland 208 251 20 19 96 89 54 67 45 33 1 0 Syrian Arab Republic 19,976 22,435 149 138 81 73 5 4 88 89 7 7 Tajikistan 385 1,070 13 49 100 77 0 13 82 65 18 21 Tanzania 6,781 7,603 156 94 86 85 41 49 52 47 7 4 Thailand 52,717 86,172 43 76 57 69 10 8 22 23 68 69 Togo 1,278 1,448 106 97 87 90 56 61 40 39 4 0 Tonga 44 65 30 37 99 99 62 74 38 17 0 9 Trinidad and Tobago 2,240 2,193 53 36 87 74 15 38 26 9 59 53 Tunisia 8,692 11,078 63 58 88 89 41 35 41 38 18 27 Turkey 68,608 102,074 38 50 73 73 19 9 15 11 66 80 Turkmenistan 276 2,266 5 88 100 77 9 2 44 14 47 84 Uganda 3,029 3,935 96 58 86 86 66 72 29 26 4 2 Ukraine 3,855 12,718 6 30 96 74 4 21 75 29 21 50 Uruguay 4,851 7,600 38 37 71 71 32 27 7 7 61 65 Uzbekistan 1,032 3,162 5 16 91 88 0 10 84 39 16 51 Vanuatu 42 63 23 28 93 86 68 82 30 18 2 0 Venezuela, R.B. de 37,539 37,003 64 40 80 90 10 9 3 5 88 86 Vietnam 24,168 22,359 188 82 89 88 0 6 95 71 4 22 Yemen, Rep. 5,923 4,138 133 105 90 87 21 42 47 53 32 5 Yugoslavia, FR (Serbia/Montenegro) 12,709 13,742 .. .. 86 81 11 11 27 27 63 62 Zambia 6,485 6,865 215 217 68 78 38 42 54 55 8 3 Zimbabwe 4,299 4,716 68 80 79 75 38 48 31 34 31 18 I a i - 00 * I" . East Asia& Pacific 383,106 667,522 32 40 78 77 16 14 35 22 49 65 Europe & Central Asia 308,939 480,539 31 49 84 78 8 8 41 30 51 62 Latin America & Caribbean 548,994 786,019 40 41 77 81 16 13 25 14 60 73 Middle East & North Africa 193,661 208,059 43 36 72 79 14 15 53 52 34 33 South Asia 148,012 163,775 39 29 91 94 37 39 38 32 25 29 Sub-Saharan Africa 194,817 230,132 71 72 81 78 29 32 47 45 24 24 Severely indebted low income 295,169 361,702 104 139 82 82 23 22 53 43 24 35 Severely indebted middle income 353,542 531,233 45 43 78 82 10 10 37 22 52 67 Moderately indebted low income 171,399 191,556 41 32 89 92 39 42 36 30 25 28 Moderately indebted middle income 479,760 700,047 41 57 80 79 14 11 28 24 57 65 Otherdevelopingcountries 477,658 751,508 24 28 74 75 14 15 33 20 53 65 Low income 563,685 721,592 49 39 84 85 27 27 43 34 30 39 Middle income 1,213,844 1,814,454 34 43 77 78 13 11 33 22 54 66 Special Program of Assistance 103,619 113,678 126 114 83 87 38 43 48 46 14 11 Heavily indebted poor countries 205,512 213,960 142 115 82 83 28 34 56 50 17 16 Note: Individual country data are shown for Debtor Reporting System countries only. Data for Bosnia and Heezegovina are not shown separately. Totals include estimates for counties not part of the DRS. EXTERNAL DEBT Short-term debt contracted in 1998, so that its share in total extemal debt fell to 16 percent, down from 20 percent in 1997. With reserves higher as well, the ratio of short-term debt to reserves also fell. Maturity distribution of debt, 1998 Short-term debt to Reserves, 1998 US$ billion percent Brazil Brazil Russian Federation %, Russian Federation China ,lr,,,S,, ^ .:.'. .; .: :-1 China Mexico Mexico.-I Indonesia Indonesia - ,:. Argentina _ffi= Argentina . :; . :. -., .(.: :: ................ Argentina Korea, Rep. , ., , Korea, Rep. India India Turkey l - lTurkeyJ Thailand Thailand Poland _Poland i Philippines Philippines Malaysia Malaysia Venezuela, R.B. Venezuela, R.B. de * Pakistan Pakistan e _r___r__........... ___ Chile Chile Algena Algeria ! Egypt, Arab Rep. Egypt, Arab Rep. Colombia Colombia ' Peru Peru 0.0 50.0 100.0 150.0 2000 ° 50 100 1sa 200 r-S ort-erm O Short-term debt to reserves | Long-torm | Debt due in the short-term to reserres Note: Country selection is based on size of external debt at end-1998. Short-term deDt is debt with an original maturity of one year or less (and includes interest arrears). Debt due in the short term is debt due within a year and Is comprised of liabilities to banks, debt securitles issued abroad, and non-bank credits. Debt due in the short term is larger than short-term debt but when these data are derived from different sources this may not hold. Reserves are the sum of a country's monetary authority's holdings of special drawing rights, its reserve position in the IMF, its holding of foreign exchange, and fs holdings of gold (valued at year-end London prces) Source: Debtor Reporting System and Joint BIS-IMF-OECD-World Bank statistics on external debt (also available on the World Bank website: http:/Awww.worldbank.org/data). 6 AGGREGATE NET RESOURCE FLOWS (long-term) (US$ million, unless otherwise indicated) Private flows Aggregate net Bank and Official flows resource flows Foreign direct Portfolio trade-related (including (excl. IMF) investment equity Bonds lending grants) 1993-97 1998 1993-97 1998 1993-97 1998 1993-97 1998 1993-97 1998 1993-97 1998 Albania 224 240 64 45 0 0 0 0 1 -3 159 198 Algeria 6839 -1,427 1 0 5 4 2 -277 0 298 -1,328 654 -106 Angola 899 249 251 360 0 0 0 0 354 -320 293 209 Argentina 15,302 19,553 5,216 6,150 2,009 50 6,139 9,037 986 3,662 952 654 Armenia 198 321 1 8 232 0 0 0 0 0 0 180 89 Azerbaijan 526 1,178 419 1,023 0 0 0 0 2 58 106 97 Bangladesh 1,149 1,303 36 308 24 3 0 0 -38 -23 1,126 1,015 Barbados 79 34 12 1 5 67 0 4 -23 -15 0 1 1 42 Belarus 309 216 64 149 0 0 0 0 58 -27 187 94 Belize 38 63 1 5 2) 0 0 0 0 2 6 20 37 Benin 209 186 1 6 34 0 0 0 0 0 0 194 152 Bhutan 43 28 0 0 0 0 0 0 -2 -2 45 30 Bolivia 951 1,194 374 872 0 0 -1 0 63 -12 514 334 Botswana 1 3 107 -12 95 0 0 0 0 2 -4 23 1 6 Brazil 22,689 59,393 8,015 31,913 4,562 542 3,409 1,409 7,992 20,521 -1,288 5,008 Bulgaria 477 673 173 401 286 66 -96 -57 -81 88 195 175 Burkina Faso 303 268 0 0 0 0 0 0 0 0 303 268 Burundi 170 70 1 1 0 0 0 0 -1 1 170 68 Cambodia 406 343 154 121 0 0 0 0 1 -3 251 225 Cameroon 293 238 17 53 0 0 0 0 -34 -49 311 237 Cape Verde 84 107 8 14 0 0 0 0 2 -1 74 94 Central African Republic 127 101 2 5 0 0 0 0 0 0 126 96 Chad 198 128 18 16 0 0 0 0 0 0 180 112 Chile 5,358 9,190 3,288 4,638 427 87 689 702 1,542 3,825 -587 -62 China 52,859 45,230 36,313 43,751 4,493 1,273 1,990 1,587 4,912 -3,936 5,151 2,554 Colombia 5,115 3,798 2,440 3,038 205 26 990 1,752 1,760 -1,187 -280 168 Comoros 25 25 2 2 0 0 0 0 0 0 23 23 Congo, Dem. Rep. 151 97 1 1 0 0 0 0 0 0 150 97 Congo,Rep. 216 50 6 4 0 0 0 0 31 0 179 46 Costa Rice 340 796 370 559 1 0 4 184 -25 57 -10 -5 Cote dIlvoire 737 729 198 435 1 1 6 0 -23 -81 -237 608 548 Croatia 911 1,763 266 873 22 205 110 89 475 499 37 97 Czech Republic 3,240 3,197 1,364 2,554 83 129 184 837 1,508 -188 101 -135 Djibouti 64 56 3 6 0 0 0 0 0 0 61 50 Dominica 35 44 20 21 0 0 0 0 0 0 16 23 Dominican Republic 240 807 266 691 0 74 0 -4 -39 10 14 36 Ecuador 837 838 531 831 1 0 -29 -10 178 -238 156 254 Egypt, Arab Rep. 2,309 2,458 775 1,076 611 494 0 0 -307 -186 1,229 1,073 El Salvador 389 428 12 12 0 0 0 0 -5 230 382 186 Equatorial Guinea 130 37 112 24 0 0 0 0 0 0 18 13 Eritrea 110 139 0 0 0 0 0 0 0 0 110 139 Estonia 287 781 199 581 5 53 24 17 -6 63 65 67 Ethiopia 639 500 6 4 0 0 0 0 -59 2 692 494 Fiji 40 72 49 75 0 0 0 0 -9 -9 0 6 Gabon 5 -64 -99 -50 0 0 0 0 -33 -7 137 -8 Gambia, The 53 46 10 13 0 0 0 0 -2 0 44 33 Georgia 218 207 21 50 0 0 0 0 -1 7 197 150 Ghana 972 579 134 56 199 15 50 0 58 -29 532 537 Grenada 31 23 21 21 0 0 0 0 -1 0 11 2 Guatemala 256 897 89 673 0 0 36 -31 -22 -21 154 276 Guinea 302 227 6 1 0 0 0 0 -5 -10 301 237 7 AGGREGATE NET RESOURCE FLOWS (long-term) (US$ million, unless otherwise indicated) Private flows Aggregate net Bank and Official flows resource flows Foreign direct Portfolio trade-related (Including (excl. IMF) investment equity Bonds lending grants) 1993-97 1998 1993-97 1998 1993-97 1998 1993-97 1998 1993-97 1998 1993-97 1998 Guinea-Bissau 70 61 1 1 0 0 0 0 0 0 69 60 Guyana 165 205 64 95 0 0 0 0 -5 -4 86 114 Haiti 346 225 3 11 0 0 0 0 0 0 344 214 Honduras 358 375 65 84 0 0 19 -32 33 141 242 182 Hungary 3,888 3,815 2,415 1,936 730 259 1,062 688 -261 1,801 -57 -869 India 6,959 7,604 1,934 2,635 2,920 342 480 4,120 776 -946 848 1,453 Indonesia 10,655 -808 3,866 -356 2,879 250 1,923 -141 803 -3,512 1,183 2,951 Iran, Islamic Rep. -2,130 -325 20 24 0 0 0 0 275 564 -2,424 -914 Jamaica 165 534 148 369 0 0 67 250 -10 -33 -40 -52 Jordan 443 633 72 310 21 11 20 -10 -146 -104 476 425 Kazakhstan 1,465 2,337 752 1,158 10 0 110 100 211 725 382 353 Kenya 220 149 14 11 11 4 0 0 -151 -72 346 206 Korea, Rep. 15,126 13,201 1,668 5,415 3,414 4,096 8,701 1,220 820 -3,087 523 5,558 Kyrgyz Republic 228 293 55 109 0 0 0 0 0 -2 173 185 Lao PDR 293 242 87 46 0 0 0 0 0 0 205 196 Latvia 376 530 268 357 5 4 8 0 9 5 86 164 Lebanon 757 1,941 56 200 49 147 386 1,350 103 43 164 201 Lesotho 214 325 122 265 0 0 0 0 4 16 88 43 Liberia 105 76 19 16 0 0 0 0 0 0 85 60 Lithuania 384 1,183 128 926 5 0 40 0 84 57 127 200 Macedonia, FYR 80 545 13 118 0 0 0 0 -4 72 71 356 Madagascar 374 414 11 16 0 0 0 0 -5 -1 367 399 Malawi 328 359 1 1 0 24 0 0 -9 -1 335 335 Malaysia 10,256 8,529 4,733 5,000 2,237 592 1,659 -314 1,759 3,017 -131 235 Maldives 37 41 8 11 0 0 0 0 2 7 27 23 Mali 327 268 32 17 0 0 0 0 0 0 295 251 Mauritania 224 129 7 5 0 0 0 0 5 -2 212 126 Mauritius 279 -70 29 12 18 8 150 0 76 -99 6 9 Mexico 20,128 22,428 9,381 10,238 5,062 730 6,439 2,428 -325 9,792 -428 -760 Moldova 180 100 26 85 0 0 15 0 46 -23 92 39 Mongolia 131 134 13 19 0 0 0 0 -15 -12 134 127 Morocco 657 936 514 322 136 174 59 0 -46 470 -5 -29 Mozambique 844 1,081 50 213 0 0 0 0 3 -4 791 872 Myanmar 229 272 107 70 11 0 0 0 40 83 72 119 Nepal 304 253 13 12 0 0 0 0 -8 -13 298 253 Nicaragua 503 703 85 184 0 0 -2 0 -21 -13 440 531 Niger 213 208 -9 1 0 0 0 0 -22 -24 243 230 Nigeria 1,085 598 1,503 1,051 6 2 0 0 -360 -25 -64 -430 Oman 169 -248 78 106 19 10 45 0 -33 -330 60 -34 Pakistan 3,010 1,871 636 500 640 0 144 0 395 306 1,195 1,066 Panama 590 1,600 504 1,206 28 0 108 218 -24 34 -25 141 PapuaNewGuinea 352 418 143 110 127 0 -8 0 -146 120 237 188 Paraguay 261 305 198 256 0 0 0 0 -23 -20 86 69 Peru 4,393 3,024 2,153 1,930 1,449 174 -148 0 266 620 673 300 Philippines 4,521 2,764 1,409 1,713 1,244 454 1,589 151 -73 269 352 178 Poland 5,896 9,716 3,331 6,365 598 969 361 1,202 -72 1,117 1,677 63 Romania 1,944 1,825 466 2,031 3 42 290 0 398 -247 787 -1 Russian Federation 7,225 20,142 2,275 2,764 1,325 296 927 11,538 214 4,748 2,483 796 Rwanda 415 285 3 7 0 0 0 0 0 0 412 278 Samoa 29 15 4 3 0 0 0 0 0 0 26 12 SaoTomeandPrincipe 31 15 0 0 0 0 0 0 0 0 31 15 8 AGGREGATE NET RESOURCE FLOWS (long-term) (US$ million, unless otherwise indicated) Private flows Aggregate net Bank and Official flows resource flows Foreign direct Portfolio trade-related (including (excl. IMF) investment equity Bonds lending grants) 1993-97 1998 1993-97 1998 1993-97 1998 1993-97 1998 1993-97 1998 1993-97 1998 Senegal 461 341 56 40 0 0 0 0 -7 -16 411 317 Seychelles 43 69 34 52 0 0 0 0 -1 5 11 12 Sierra Leone 135 97 0 5 0 0 0 0 -6 0 140 92 Slovak Republic 993 1,691 246 562 21 0 170 -570 350 1,488 205 211 Solomon Islands 33 47 17 23 0 0 0 0 -2 0 18 24 Somalia 315 68 1 0 0 0 0 0 0 0 315 68 South Africa 4,240 1,029 1,489 550 1,986 619 918 303 -313 -689 161 246 Sri Lanka 701 818 193 193 68 6 10 65 -25 61 454 493 St. Kitts and Nevis 31 36 18 24 0 0 0 0 3 -2 10 14 St. Lucia 65 67 37 46 0 0 0 0 0 7 28 14 St. Vincent and the Grenadines 53 66 34 40 0 0 0 0 1 0 18 26 Sudan 256 558 20 371 0 0 0 0 0 0 237 187 Swaziland 67 99 48 B0 0 0 0 0 -1 0 20 19 Syrian Arab Republic 256 143 139 80 0 0 0 0 -20 -4 137 67 Tajikistan 127 70 12 18 0 0 0 0 14 -21 101 72 Tanzania 763 939 100 172 0 0 0 0 3 -16 660 783 Thailand 9,511 8,987 2,264 6,941 1,195 2,341 2,652 -632 1,752 -826 1,647 1,162 Togo 109 112 0 0 0 0 0 0 -1 0 110 112 Tonga 18 9 2 2 0 0 0 0 0 -2 17 9 Trinidad and Tobago 434 733 510 730 0 0 17 0 -109 31 17 -28 Tunisia 898 619 367 650 0 40 263 0 -16 4 284 -76 Turkey 5,896 1,585 731 940 720 880 1,646 -535 3,188 357 -389 -57 Turkmenistan 291 601 43 130 0 0 0 0 209 343 39 128 Uganda 650 744 112 200 0 0 0 0 -10 -2 548 546 Ukraine 921 2,438 314 743 0 0 -56 1,076 310 267 353 351 Uruguay 518 696 135 164 7 0 201 336 48 -5 127 201 Uzbekistan 500 733 110 200 0 0 0 0 184 392 207 140 Vanuatu 44 46 30 27 0 0 0 0 0 0 14 19 Venezuela, R.B. de 2,739 8,008 1,978 4,435 546 64 56 1,408 106 959 53 1,142 Vietnam 1,910 2,150 1,193 1,200 164 0 0 0 159 -368 394 1,318 Yemen, Rep. 277 6 98 -210 0 0 0 0 1 0 178 216 Yugoslavia, FR (Serbia/Montenegro) 800 182 5 0 0 0 0 0 0 0 795 182 Zambia 505 281 61 72 0 0 0 0 -27 -32 472 241 Zimbabwe 395 68 47 76 19 3 -30 -30 -25 -266 384 285 East Asia& Pacific 106,875 82,838 52,058 64,162 15,763 9,007 18,506 1,870 9,938 -7,790 10,610 15,531 Europe & Central Asia 39,393 59,562 13,779 24,350 3,813 2,904 4,795 14,385 6,720 11,704 10,286 4,946 Latin America & Caribbean 83,063 136,972 36,020 69,323 14,366 1,748 17,995 17,627 12,347 38,156 2,336 9,909 Middle East & North Africa 7,470 11,472 3,287 5,054 840 879 556 1,340 453 1,950 2,334 2,260 South Asia 12,852 12,586 2,820 3,659 3,653 351 634 4,185 1,104 -615 4,641 4,987 Sub-Saharan Africa 19,694 14,895 4,222 4,394 1,884 679 904 250 -546 -1,872 13,230 11,173 Lowincome 98,013 77,859 48,014 53,517 11,377 1,921 4,590 5,482 6,900 -8,556 27,132 25,496 Middle income 172,701 240,465 64,171 117,425 28,942 13,646 38,800 34,175 23,116 50,090 17,672 25,130 Heavily indebted poor countries 16,376 15,900 3,336 4,479 396 48 67 -54 307 -984 12,269 11,226 Note: Individual coustry data are shown for Debtor Reporting System countries only. Data for Bosnia and Herzegovina are not shown separately. Totals include estimates for countries not pan of the DRS. Data for 1993-97 represent average annual flows. 9 AGGREGATE NET RESOURCE FLOWS (long-term) Long-term private capital flows were lower in 1998, pulled down by declining debt and portfolio equity flows. By contrast, foreign direct investment was more resilient in the face of financial crisis. Private capital flows Foreign direct investment US$ million US$ billion China Brazil . Brazil Mexico Mexico Kor , Rep. Korea, Rep. A entina Argentina I alaysia E2 Malaysia IJn. Indonesia ailand Thailand Turkey -1 Turkey India India Chile * Chile C lombia Colombia R ssian Russian Fe eration Federation Poland Poland Phi ppines Philippines ungary E j Hungary Peru Peru Sout Africa South Afrca Czech public Czech Republic Venezue R.Venezuela, R.B. d _ ___d_ de -10.0 10.0 30.0 50.0 0.0 10.0 20.0 30.0 40.0 50.0 | CFlows in 1998 --lows 198X lAverage annual flown tor 1993-97 lAverage annual flows tsr 13-97 | l Note: Country selection is based on avnrage annual capital flows during 1993-97, and shows the largest recipients. 10 NET FLOWS AND TRANSFERS ON DEBT (US$ million, unless otherwise indicated) Net flows on long-term debt Net fows Net transfers Net flows on Ofricial on debt on debt debt / GNP (%) Total (excl. UIMF) Private 1993-97 1998 1993-97 1998 1993-97 1998 1993-97 1998 1993-97 1998 1993-97 1998 Albania 46 70 34 45 3 2 58 76 57 79 1 -3 Algeria 747 -1,609 -1,112 -3,601 2 -4 605 -1,541 584 -213 21 -1,328 Angola 265 -147 48 -587 8 -4 385 -327 30 -7 354 -320 Argentina 13,933 11,633 8,684 2,657 5 4 8,049 13,322 925 623 7,124 12,699 Armenia 122 114 114 94 6 5 91 40 91 40 0 0 Azerbaijan 108 165 100 144 3 4 50 126 48 68 2 58 Bangladesh 356 342 163 162 1 1 440 335 478 359 -38 -23 Barbados -7 31 -48 -10 -1 .. 6 1 5 5 38 -11 -23 Belarus 258 -83 208 -148 1 0 156 64 97 91 58 -27 Belize 48 -120 37 -141 8 -18 13 1 2 1 1 5 2 6 Benin 104 -23 84 -49 5 -1 66 32 66 32 0 0 Bhutan 8 -3 5 -5 3 -1 8 -1 1 0 2 -2 -2 Bolivia 336 928 163 737 5 1 1 283 90 220 102 63 -12 Botswana -5 -33 -45 -59 0 -1 -12 -33 -14 -29 2 -5 Brazil 12,627 21,179 3,613 8,715 2 3 10,044 26,841 -1,357 4,911 11,401 21,930 Bulgaria 105 -81 -301 -606 1 -1 -63 105 114 74 -177 32 Burkina Faso 100 62 82 44 5 2 79 54 79 54 0 0 Burundi 21 1 0 10 1 2 1 29 18 30 17 -1 1 Cambodia 60 56 53 48 2 2 50 52 49 55 1 -3 Cameroon 197 65 -18 -171 2 1 72 -89 106 -40 -34 -49 Cape Verde 15 31 1 1 27 3 6 15 31 1 3 32 2 -1 Central African Republic 24 -11 18 -19 2 -1 28 -6 28 -6 0 0 Chad 74 24 65 12 5 1 66 28 66 28 0 0 Chile 2,771 2,274 1,396 138 5 3 1,586 4,439 -645 -87 2,231 4,527 China 15,311 -3,593 9,983 -10,818 2 0 11,772 -61 4,870 2,288 6,902 -2,349 Colombia 3,041 1,146 1,236 -803 3 1 2,397 673 -353 107 2,750 566 Comoros 7 -5 6 -6 3 -3 6 -1 6 -1 0 0 Congo,Dem. Rep. 14 -13 -2 -32 0 0 1 2 0 1 2 0 0 0 Congo, Rep. 40 -66 -91 -90 3 -4 36 -7 5 -7 31 0 Coata Rica -41 365 -261 150 -1 4 -63 212 -42 -29 -21 241 Cote dIlvoire 638 -1,064 153 -1.778 6 -10 98 -225 179 35 -81 -260 Croatia 734 1,251 576 922 4 6 585 651 -1 64 586 588 Czech Republic 2,853 1,823 2,092 304 6 3 1,724 459 32 -189 1,692 648 Djibouti 14 3 1 1 1 3 -. 13 2 13 2 0 0 Dominica 3 4 0 1 1 2 2 -1 2 -1 0 0 Dominican Republic -37 134 -223 -59 0 1 -71 -19 -31 -25 -40 6 Ecuador 618 76 6 -790 4 0 254 -59 106 188 149 -247 Egypt, Arab Rep. -84 818 -1,296 -83 0 1 -135 -453 171 -268 -307 -186 El Salvador 325 337 198 163 4 3 181 297 186 67 -5 230 Equatorial Guinea 6 12 7 10 4 3 3 0 3 0 0 0 Eritrea 19 71 18 67 2 9 19 65 19 65 0 0 Eatonia 125 64 110 25 3 1 54 89 38 9 18 80 Ethiopia 158 93 110 43 3 1 150 78 209 75 -59 2 Fiji -23 -44 -40 -55 -1 -3 -26 -17 -18 -8 -9 -9 Gabon 38 -172 -159 -344 1 -4 18 -66 50 -60 -33 -7 Gambia,The 9 12 3 5 2 3 16 9 18 9 -2 0 Georgia 154 163 136 118 5 3 99 103 100 96 -1 7 Ghana 407 283 277 93 6 4 428 269 321 297 108 -29 Grenada 4 54 2 50 2 15 4 -2 5 -2 -1 0 Guatemala 207 314 63 114 1 2 58 72 44 124 14 -52 Guinea 184 -43 137 -99 5 -1 128 54 133 64 -5 -10 NET FLOWS AND TRANSFERS ON DEBT (US$ million, unless otherwise indicated) Net flows on long-term debt Net flows Net transfers Net flows on Official on debt on debt debt / GNP (%) Total (excl. IMF) Private 1993-97 1998 1993-97 1998 1993-97 1998 1993-97 1998 1993-97 1998 1993-97 1998 Guinea-Bissau 23 11 19 6 10 6 22 12 22 12 0 0 Guyana 12 27 -28 -36 3 4 12 6 17 10 -5 -4 Haiti 55 -3 42 -22 2 0 50 80 50 80 0 0 Honduras 246 233 63 25 7 5 199 128 147 18 52 109 Hungary 642 2,829 -1,130 1,335 2 6 654 1,567 -147 -921 801 2,488 India 431 3,044 -4,160 -2,074 0 1 1,547 4,151 291 977 1,256 3,174 Indonesia 7,263 -4,935 1,291 -12,060 4 -6 3,696 -957 969 2,696 2,726 -3,653 Iran, Islamic Rep. -676 2,351 -1,938 1,550 0 2 -2,198 -379 -2,472 -943 275 564 Jamaica -41 1 -259 -208 -1 0 -78 73 -135 -144 57 217 Jordan 210 -87 -111 -568 4 -2 138 39 264 153 -126 -114 Kazakhstan 854 1,307 749 1,024 4 6 676 1,164 355 339 321 825 Kenya -46 -118 -324 -283 0 -1 -53 -63 98 9 -151 -72 Korea, Rep. 20,673 7,190 15,532 -1,022 4 2 10,042 3,687 521 5,554 9,520 -1,867 KyrgyzRepublic 159 137 143 110 7 8 117 139 117 140 0 -2 Lao PDR 101 66 95 58 6 5 92 78 92 78 0 0 Latvia 96 207 76 175 2 3 72 100 56 95 17 5 Lebanon 644 1,653 479 1,294 5 10 582 1,487 93 94 488 1,393 Lesotho 41 22 27 1 3 2 41 26 36 10 4 16 Liberia -3 3 -5 3 .. .. 1 0 1 0 0 0 Lithuania 301 361 265 293 4 3 217 175 93 119 124 57 Macedonia, FYR 79 407 46 306 3 16 35 399 40 327 -4 72 Madagascar 83 100 45 46 2 3 103 44 108 45 -5 -1 Malawi 123 112 90 87 7 6 125 121 134 122 -9 -1 Malaysia 5,522 -3,361 3,664 -5,830 7 -5 3,263 2,922 -156 219 3,418 2,703 Maldives 14 20 11 16 7 6 14 16 12 9 2 7 Mali 159 -36 121 -62 7 -1 90 50 90 50 0 0 Mauritania 102 -84 61 -126 10 -9 65 -7 60 -5 5 -2 Mauritius 294 -25 212 -179 7 -1 216 -102 -9 -3 226 -99 Mexico 7,296 9,363 -2,958 -3,226 2 2 5,647 11,427 -467 -793 6,114 12,220 Moldova 192 -55 167 -99 8 -3 138 3 77 26 61 -23 Mongolia 60 89 50 80 7 9 61 61 76 74 -15 -12 Morocco -381 -26 -1,686 -1,050 -1 0 -255 92 -268 -377 13 470 Mozambique 204 203 142 162 8 6 194 194 191 199 3 -4 Myanmar 17 230 -46 216 .. 10 135 -30 52 40 83 Nepal 140 120 109 92 3 2 137 124 145 137 -8 -13 Nicaragua 62 -20 -35 -184 5 -1 92 174 114 187 -22 -13 Niger 32 33 15 21 2 2 28 49 50 73 -22 -24 Nigeria -549 -269 -1,473 -826 -2 -1 -461 -487 -101 -463 -360 -25 Oman 147 1 -36 -217 1 .. 44 -366 32 -36 12 -330 Pakistan 1,199 821 104 -128 2 1 1,543 1,197 1,004 891 539 306 Panama -92 411 -350 25 -1 5 35 383 -47 131 82 253 Papua New Guinea -191 99 -321 35 -4 3 -138 100 17 -20 -154 120 Paraguay 97 182 -7 76 1 2 40 28 62 48 -23 -20 Peru 1,543 1,100 440 -456 3 2 552 681 434 61 118 620 Philippines 2,865 -3,544 691 -5,830 4 -5 1,614 413 98 -6 1,516 419 Poland 769 4,210 -659 2,586 1 3 443 1,832 153 -487 290 2,319 Romania 1,337 -325 990 -873 4 -1 1,383 -379 695 -132 688 -247 Russian Federation 4,874 21,824 2,102 16,036 1 8 2,649 16,997 1,508 711 1,141 16,286 Rwanda 51 79 44 69 3 4 46 79 46 79 0 0 Samoa 9 18 7 16 6 10 8 0 8 0 0 0 Sao Tome and Principe 9 5 8 4 23 14 11 4 11 4 0 0 12 NET FLOWS AND TRANSFERS ON DEBT (US$ million, unless otherwise indicated) Net flows on long-term debt Net flows Net transfers Net flows on Official on debt on debt debt / GNP (%) Total (excl. IMF) Private 1993-97 1998 1993-97 1998 1993-97 1998 1993-97 1998 1993-97 1998 1993-97 1998 Senegal 48 97 -37 -9 1 2 60 49 67 65 -7 -16 Seychelles -2 33 -8 25 0 6 2 9 3 4 -1 5 Sierra Leone 36 46 12 36 5 7 49 22 55 22 -6 0 Slovak Republic 958 829 582 248 6 4 687 1,077 167 159 520 918 Solomon Islands 0 14 -3 12 0 5 0 13 1 14 -2 0 Somalia -1 5 -2 5 .. .. 0 0 0 0 0 0 South Africa 3,231 -287 1,948 -1,816 2 0 605 -386 0 0 605 -386 Sri Lanka 304 357 152 207 2 2 282 505 297 379 -15 126 St.KittsandNevis 13 8 11 3 5 3 13 6 10 8 3 -2 St. Lucia 12 30 6 22 2 5 7 6 7 -1 0 7 St. Vincent and the Grenadines 38 161 31 145 15 53 4 14 3 15 1 0 Sudan -35 -13 -46 -16 0 0 32 -1 32 -1 0 0 Swaziland 32 -127 23 -136 2 -9 1 3 2 3 -1 0 Syrian Arab Republic 137 1,285 -69 1,042 1 8 48 -32 68 -28 -20 -4 Tajikistan 80 135 78 112 4 6 67 -5 53 16 14 -21 Tanzania 147 140 65 28 3 2 131 120 128 135 3 -15 Thailand 10,473 -10,998 6,491 -16,440 7 -10 5,955 -364 1,551 1,094 4,404 -1,458 Togo 22 49 7 37 2 3 33 48 34 48 -1 0 Tonga 2 1 2 0 1 1 2 2 3 3 0 -2 Trinidad and Tobago -66 -12 -230 -137 -1 0 -83 -6 9 -37 -92 31 Tunisia 543 -681 10 -1,233 3 -4 427 -133 180 -137 247 4 Turkey 6,263 4,082 1,941 -788 3 2 4,138 -297 -696 -118 4,834 -179 Turkmenistan 345 449 313 357 10 17 241 466 32 123 209 343 Uganda' 219 102 179 68 5 2 207 111 216 113 -10 -2 Ukraine 1,175 1,255 819 686 2 3 461 1,597 207 253 254 1,344 Uruguay 464 787 111 340 3 4 364 524 115 193 249 332 Uzbekistan 507 245 419 97 2 1 374 520 190 128 184 392 Vanuatu 2 12 1 10 1 5 0 12 1 12 0 0 Venezuela, R.B. de -269 1,042 -2,495 -1,376 -1 1 203 3,487 42 1,119 161 2,367 Vietnam 412 338 240 -86 2 1 269 719 110 1,087 159 -368 Yemen, Rep. -51 183 -89 131 -1 5 73 91 73 91 1 0 Yugoslavia, FR (Serbia/Montenegro) 200 -1,767 158 -1,823 .. .. -2 0 -2 0 0 0 Zambia 127 25 -83 -45 4 1 101 -49 128 -17 -27 -32 Zimbabwe 209 -368 -22 -587 3 -6 117 -164 173 132 -56 -296 East Asia & Pacific 62,492 -18,424 37,359 -52,143 3.7 -1.1 36,624 7,271 8,180 13,190 28,444 -5,919 Europe & Central Asia 22,946 39,939 9,491 20,810 2.2 4.0 15,029 27,356 3,514 1,268 11,515 26,089 Latin America & Caribbean 43,085 50,681 8,593 4,347 2.6 2.6 29,782 62,700 -560 6,917 30,342 55,783 Middle East& North Africa 1,552 684 -7,764 -8,238 0.4 0.1 -77 1,488 -1,086 -1,802 1,010 3,290 SouthAsia 2,481 4,691 -3,673 -2,046 0.5 0.8 4,011 6,318 2,273 2,747 1,738 3,571 Sub-Saharan Africa 6,409 -1,241 1,522 -6,483 2.2 -0.4 3,294 -424 2,937 1,198 358 -1,621 Low income 29,901 -2,758 8,129 -28,573 1.9 -0.2 23,292 7,667 11,803 10,740 11,490 -3,073 Middle income 109,063 79,087 37,400 -15,180 2.7 1.9 65,371 97,042 3,455 12,777 61,917 84,265 Heavily indebted poor countries 4,670 1,922 1,551 -1,729 2.9 1.0 3,853 2,085 3,479 3,123 375 -1,038 Note: Individual counrty data are shown for Debtor Reporting System counries only. Data for Bosnia and Herzegovina ore not shown separately. Totals include estimates for countries not pan of the DRS. Data for 1993-97 represent average annual flows. \a Debt service payments to IDA and IaF repnrchases and charges include payments from the HIPC Trust Fund, IDA Grants, and IMF Trust Fund. under the HIPC initiative. 13 NET FLOWS AND TRANSFERS ON DEBT Net private debt flows fell nearly seventy-five percent in 1998, led by a sharp reversal in short-term debt. Private debt flows (net) Short-term debt flows (net) US$ billion US$ billion Korea, Rep. Korea, Rep. Brazil Brazil Argentina Argentina China China Thailand Thailand Mexico Mexico 3 Turkey Turkey Indonesia Indonesia Malaysia Malaysia Chile Chile Colombia Colombia 3 23 Czech Republic Czech Republic Philippines Philippines South Africa South Africa Iran, Islamic Rep. Iran, Islamic Rep. Peru Peru Hungary Hungary India India Slovak Republic Slovak Republic -4 Poland Poland -20.0 -10.0 0. 0 0.0 -15, 10.0 50 00 50 10.0 f3Average annual flols 1993-97 f]Flowsfor1998 |Averageannualflows1993-97 OFlowsfor1998 Note: Country selecticn is based on average annual private debt flaws dunng 1993-97, rnd shows the largest recipients. 14 NET FINANCIAL FLOWS FROM MULTILATERAL INSTITUTIONS, 1998* (US $ millions, unless otherwise indicated) Public and publicly guaranteed World Bank IMF Reg. Dev. Banks Others EBRD IFC Total IBRD IDA conc. non-conc. conc. non-conc. Albania 75.4 0.0 62.8 8.0 -1.2 0.0 0.0 5.7 -1.1 1.2 Algeria 89.5 -152.0 0.0 0.0 -91.6 0.0 42.7 291.7 0.0 -1.3 Angola 36.5 0.0 35.8 0.0 0.0 0.0 0.7 0.0 0.0 0.0 Argentina 1,097.7 1,678.4 0.0 0.0 -656.9 -1.9 66.9 0.0 0.0 11.3 Armenia 98.7 -0.2 42.9 51.3 -0.6 0.0 0.0 5.3 0.0 0.0 Azerbaijan 209.7 0.0 20.6 19.8 21.4 0.0 0.0 21.7 60.5 65.7 Bangladesh 526.1 -4.4 290.4 -102.3 134.5 181.4 1.5 25.4 0.0 -0.3 Barbados 36.1 4.5 0.0 0.0 0.0 -1.6 12.1 26.4 0.0 -5.3 Belarus -10.5 3.6 0.0 0.0 -24.3 0.0 0.0 9.8 0.4 0.0 Belize 16.0 1.3 0.0 0.0 0.0 0.0 0.7 10.9 0.0 3.1 Benin 21.5 0.0 15.6 -5.3 0.0 5.0 0.0 6.5 0.0 -0.3 Bhutan 4.6 0.0 0.5 0.0 0.0 3.8 0.0 0.3 0.0 0.0 Bolivia 52.6 -12.8 81.9 5.0 0.0 85.8 -62.3 -34.8 0.0 -10.3 Botswana -22.8 -12.9 -0.5 0.0 0.0 2.8 -8.9 -3.3 0.0 -0.1 Brazil 10,465.4 245.0 0.0 0.0 4,617.8 0.0 1,318.3 4,150.0 0.0 134.4 Bulgaria 320.7 176.4 0.0 0.0 127.9 0.0 0.0 5.5 9.0 2.0 Burkina Faso 71.8 0.0 52.5 15.1 0.0 12.0 -1.9 -6.0 0.0 0.0 Burundi 9.1 0.0 18.5 -8.7 0.0 3.8 -4.1 -0.4 0.0 0.0 Cambodia 45.9 0.0 19.2 -1.4 0.0 28.0 0.0 0.1 0.0 0.0 Cameroon 32.3 -65.3 73.7 73.3 -16.3 12.5 -13.6 -25.7 0.0 -6.3 Cape Verde 23.1 0.0 22.5 0.0 0.0 1.9 -0.9 0.0 0.0 -0.4 Central African Republic -7.8 0.0 -3.4 5.8 -7.6 -0.5 -1.7 -0.3 0.0 0.0 Chad 29.2 0.0 14.7 7.1 -7.0 18.6 0.0 -4.1 0.0 0.0 Chile -107.8 -34.5 -0.7 0.0 0.0 -1.0 -42.8 0.6 0.0 -29.3 China 2,312.2 1,078.0 553.8 0.0 0.0 0.0 622.0 1.5 0.0 56.9 Colombia 280.8 -47.7 -0.7 0.0 0.0 -12.2 149.8 210.6 0.0 -19.0 Comoros 1.5 0.0 2.8 -0.2 0.0 0.0 0.0 -1.1 0.0 0.0 Congo, Dem. Rep. -0.7 0.0 0.0 -0.2 -0.5 0.1 0.0 0.0 0.0 0.0 Congo, Rep. -2.4 -3.3 -0.4 0.0 -0.8 0.0 -3.6 0.0 0.0 5.7 CostaRica -8.0 -20.6 -0.2 0.0 0.0 -11.1 9.9 16.9 0.0 -2.8 Cote d'lvoire 207.8 -139.5 189.7 168.1 0.0 55.5 -38.1 -23.9 0.0 -4.0 Croatia 200.8 91.5 0.0 0.0 -8.9 0.0 0.0 53.3 47.0 17.9 Czech Republic -122.7 -20.8 0.0 0.0 0.0 0.0 0.0 -130.0 -29.1 57.2 Djibouti 6.2 0.0 1.7 0.0 3.2 1.7 0.0 -0.4 0.0 0.0 Dominica -0.5 0.4 1.5 -0.2 0.0 0.0 0.0 -2.2 0.0 0.0 Dominican Republic 54.0 -6.3 -0.7 0.0 25.2 11.5 13.9 5.7 0.0 4.7 Ecuador 171.9 5.9 -1.1 0.0 -67.1 -3.8 88.0 154.3 0.0 -4.4 Egypt, Arab Rep. 10.9 -66.9 39.3 0.0 0.0 13.4 -63.1 67.3 0.0 20.9 El Salvador 89.8 6.7 -0.8 0.0 0.0 -7.0 84.5 -10.8 0.0 17.3 Equatorial Guinea -2.6 0.0 -0.1 -2.9 0.0 0.7 -0.3 0.0 0.0 0.0 Eritrea 31.7 0.0 6.3 0.0 0.0 6.4 0.0 18.6 0.0 0.4 Estonia 49.1 10.3 0.0 0.0 -25.4 0.0 0.0 -0.6 63.8 0.9 Ethiopia 98.1 0.0 51.4 16.2 0.0 27.7 -1.6 4.3 0.0 0.0 Fiji -5.2 -0.5 0.0 0.0 0.0 0.0 -1.7 -2.9 0.0 -0.1 Gabon -23.6 -2.7 0.0 0.0 -22.6 0.2 2.5 -1.0 0.0 0.0 Gambia, The 13.3 0.0 1.7 -0.2 0.0 4.4 -1.1 8.7 0.0 -0.2 Georgia 102.7 0.0 52.9 37.7 -0.9 0.0 0.0 6.0 6.7 0.4 Ghana 208.9 -4.1 244.8 6.1 -33.3 13.2 -15.0 1.0 0.0 -3.8 Grenada -0.1 0.0 0.9 0.0 0.0 0.0 0.0 -1.0 0.0 0.0 Guatemala 159.8 13.8 0.0 0.0 0.0 -1.8 100.0 15.9 0.0 31.9 Guinea 97.7 0.0 61.1 22.6 0.0 17.8 -32.7 27.7 0.0 1.2 15 NET FINANCIAL FLOWS FROM MULTILATERAL INSTITUTIONS, 1998* (US $ millions, unless otherwise indicated) Public and publicly guaranteed World Bank IMF Reg. Dev. Banks Others EBRD IFC Total IBRD IDA conc. non-conc. conc. non-conc. Guinea-Bissau 14.6 0.0 4.8 2.6 0.0 8.5 -0.4 -0.8 0.0 -0.1 Guyana 8.5 -4.7 8.6 -7.6 -1.8 16.7 -8.7 6.0 0.0 0.0 Haiti 124.2 0.0 34.0 0.0 -5.3 47.1 0.0 -0.5 0.0 0.0 Honduras 97.5 -48.2 62.0 -1.8 64.4 31.6 -0.6 -24.1 0.0 14.3 Hungaty -1,184.8 -802.3 0.0 0.0 -161.1 0.0 0.0 -178.2 -41.4 -1.8 India 657.7 -307.4 578.5 390.2 0.0 0.0 400.5 -14.9 0.0 -88.2 Indonesia 7,119.3 479.1 -21.1 0.0 5,772.2 -1.3 873.9 49.5 0.0 -33.1 Iran, Islamic Rep. -58.0 -22.0 0.0 0.0 0.0 0.0 0.0 -36.7 0.0 0.0 Jamaica -45.2 -40.6 0.0 -16.9 0.0 -4.7 22.5 -3.2 0.0 -2.3 Jordan 213.2 -27.4 -2.4 0.0 22.8 0.0 0.0 181.5 0.0 38.7 Kazakhstan 570.0 210.8 0.0 0.0 114.9 20.8 114.5 18.1 56.0 35.0 Kenya -32.9 -65.9 108.2 -62.5 0.0 7.0 -16.3 -15.2 0.0 11.7 Korea, Rep. 9,725.6 2,875.0 -3.5 0.0 5,155.8 0.0 1,678.3 0.0 0.0 20.0 Kyrgyz Republic 117.4 0.0 65.5 14.6 -11.6 43.3 0.0 9.3 -1.1 -2.5 Lao PDR 85.0 0.0 23.7 -6.4 0.0 61.7 0.0 4.8 0.0 1.2 Latvia 77.6 78.2 0.0 0.0 -24.8 0.0 0.0 16.8 7.8 -0.4 Lebanon 126.8 38.4 0.0 0.0 0.0 0.0 0.0 51.8 0.0 36.6 Lesotho 7.9 -1.1 12.5 0.0 -4.9 3.1 -2.5 0.8 0.0 0.0 Liberia 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Lithuania 86.5 57.1 0.0 0.0 -28.0 0.0 0.0 27.3 30.2 -0.2 Macedonia, FYR 74.1 39.2 28.9 12.3 -2.3 0.0 0.0 -5.3 1.1 0.0 Madagascar 46.7 -1.5 64.5 -13.9 0.0 7.7 -6.5 -2.8 0.0 -0.7 Malawi 118.3 -9.7 119.7 0.7 -8.6 14.6 4.7 -3.2 0.0 0.2 Malaysia 204.0 208.4 0.0 0.0 0.0 0.0 1.0 -5.3 0.0 0.0 Maldives 12.8 0.0 3.6 0.0 0.0 0.2 0.0 9.6 0.0 -0.6 Mali 66.9 0.0 39.0 3.0 0.0 16.7 0.0 3.4 0.0 4.9 Mauritania 9.1 -1.8 21.1 -6.9 0.0 6.3 -5.6 -8.1 0.0 4.0 Mauritius 2.6 -6.1 -0.6 0.0 0.0 -0.4 -2.1 12.2 0.0 -0.4 Mexico -779.4 25.9 0.0 0.0 -1,063.3 -2.8 290.3 0.0 0.0 -29.6 Moldova -31.6 25.6 2.3 0.0 -64.0 0.0 0.0 2.3 2.2 0.0 Mongolia 49.4 0.0 16.7 -1.3 0.0 31.9 0.0 2.0 0.0 0.0 Morocco 202.1 -7.6 -1.4 0.0 0.0 4.4 53.5 154.5 0.0 -1.3 Mozambique 206.9 0.0 127.8 9.7 0.0 64.2 -5.8 9.7 0.0 1.3 Myanmar -24.3 0.0 0.0 0.0 0.0 -19.4 -0.8 -4.1 0.0 0.0 Nepal 154.0 0.0 51.9 -6.6 0.0 87.7 0.0 2.3 0.0 18.7 Nicaragua 208.6 -8.9 103.5 22.8 0.0 95.4 -6.2 0.0 0.0 2.0 Niger 75.9 0.0 42.8 19.8 -7.5 15.7 0.0 5.1 0.0 0.0 Nigeria -158.7 -226.8 133.8 0.0 0.0 10.0 -60.3 0.0 0.0 -15.4 Oman -10.0 -4.0 0.0 0.0 0.0 0.0 0.0 -4.1 0.0 -1.9 Pakistan 542.6 -66.8 172.0 51.1 -28.5 236.1 96.0 96.3 0.0 -13.5 Panama 211.2 65.1 0.0 0.0 27.3 -6.5 110.4 1.3 0.0 13.6 PapuaNewGuinea -8.7 -15.2 -2.4 0.0 -4.1 2.8 8.5 1.8 0.0 -0.1 Paraguay 71.7 14.7 -1.5 0.0 0.0 16.7 43.1 -1.3 0.0 0.0 Peru 202.0 207.1 0.0 0.0 -145.3 -6.6 170.0 -38.1 0.0 15.0 Philippines 735.3 -94.8 6.5 0.0 651.4 21.3 152.5 0.4 0.0 -2.0 Poland -13.8 -22.6 0.0 0.0 0.0 0.0 0.0 0.0 13.4 -4.7 Romania -32.0 84.3 0.0 0.0 -125.2 0.0 0.0 -38.1 0.0 47.1 Russian Federation 6,884.8 1,160.3 0.0 0.0 5,326.8 0.0 0.0 4.1 383.0 10.6 Rwanda 94.6 0.0 61.6 13.8 0.0 14.3 0.0 4.7 0.0 0.3 Samoa 0.7 0.0 2.2 0.0 0.0 -0.9 0.0 -0.6 0.0 0.0 Sao Tome and Principe 4.5 0.0 1.7 -0.2 0.0 3.0 0.0 0.0 0.0 0.0 16 NET FINANCIAL FLOWS FROM MULTILATERAL INSTITUTIONS, 1998* (US $ millions, unless otherwise indicated) Public and publicly guaranteed World Bank IMF Reg. Dev. Banks Others EBRD IFC Total IBRD IDA conc. non-conc. conc. non-conc. Senegal 71.8 -5.5 73.8 9.1 -21.0 19.0 -15.6 7.3 0.0 4.6 Seychelles 2.0 -0.3 0.0 0.0 0.0 0.2 1.4 0.5 0.0 0.3 Sierra Leone 28.8 -0.8 18.6 0.0 15.7 4.3 0.0 -3.6 0.0 -5.4 Slovak Republic -4.4 -1.7 0.0 0.0 -67.5 0.0 0.0 88.2 -25.8 2.4 Solomon Islands 14.6 0.0 1.7 0.0 0.0 14.0 0.0 -1.1 0.0 0.0 Somalia 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 South Africa 0.4 0.0 0.0 -416.8 0.0 0.0 0.0 0.0 0.0 0.4 Sri Lanka 105.9 -5.8 83.6 -81.9 0.0 105.8 0.0 -0.8 0.0 4.9 St. Kitts and Nevis 6.0 0.1 0.0 0.0 2.2 0.0 0.0 3.7 0.0 0.0 St. Lucia 0.5 1.3 1.2 0.0 0.0 0.0 0.0 -2.0 0.0 0.0 St. Vincent and the Grenadines 8.4 -0.1 0.1 0.0 0.0 0.0 0.0 8.4 0.0 0.0 Sudan 0.0 0.0 0.0 0.0 -57.2 0.0 -1.3 0.0 0.0 0.0 Swaziland 7.8 -0.1 -0.3 0.0 0.0 2.3 5.9 1.0 0.0 -1.1 Syrian Arab Republic -22.0 -21.6 -1.5 0.0 0.0 0.0 0.0 1.1 0.0 0.0 Tajikistan 122.7 0.0 37.9 54.7 10.2 0.0 0.0 17.4 0.0 2.5 Tanzania 132.7 -12.1 84.7 10.7 0.0 53.4 -2.5 -0.2 0.0 -1.3 Thailand 1,565.2 319.2 -2.3 0.0 678.4 -1.6 493.2 70.3 0.0 8.0 Togo 57.5 0.0 39.3 3.3 0.0 3.6 -0.1 11.4 0.0 0.0 Tonga 4.4 0.0 0.0 0.0 0.0 4.6 0.0 -0.2 0.0 0.0 Trnidad and Tobago 12.4 7.1 0.0 0.0 -4.2 -0.1 12.3 -2.7 0.0 0.0 Tunisia -109.8 -36.5 -2.1 0.0 -49.7 0.0 -14.4 -6.5 0.0 -0.6 Turkey -658.2 -365.8 -5.9 0.0 -223.4 0.0 0.0 -142.9 0.0 79.8 Turkmenistan 14.5 2.4 0.0 0.0 0.0 0.0 0.0 15.5 -3.4 0.0 Uganda' 126.3 0.0 104.6 -12.2 0.0 47.0 -8.0 -14.7 0.0 9.5 Ukraine 729.7 384.7 0.0 0.0 277.4 0.0 0.0 42.9 24.6 0.0 Uruguay 316.6 65.3 0.0 0.0 154.9 -1.7 99.2 1.2 0.0 -2.3 Uzbekistan 76.0 13.0 0.0 0.0 0.0 0.5 1.4 51.0 6.7 3.4 Vanuatu 11.5 0.0 0.6 0.0 0.0 11.2 0.0 0.0 0.0 -0.3 Venezuela, R.B. de 158.9 8.0 0.0 0.0 -445.7 -1.3 440.3 109.8 0.0 47.8 Vietnam 313.7 0.0 253.1 0.0 -77.9 117.7 0.0 16.7 0.0 4.1 Yemen, Rep. 166.6 0.0 110.7 59.7 12.2 0.0 0.0 -19.8 0.0 3.8 Yugoslavia, FR (Serbia/Montenegro) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Zambia 7.9 -21.1 39.4 0.0 0.0 11.4 -15.5 -8.0 0.0 1.7 Zimbabwe 26.3 -3.3 28.2 -19.0 23.9 4.6 -17.7 18.3 0.0 -8.8 East Asia & Pacific 22,148.5 4,849.2 848.2 -9.0 12,175.8 269.9 3,826.8 132.9 0.0 54.7 Europe&Central Asia 7,932.9 1,124.0 442.8 198.4 5,142.5 64.5 116.0 -93.4 614.2 323.9 Latin America& Caribbean 12,913.9 2,126.2 288.0 1.3 2,502.0 241.0 2,912.0 4,600.8 0.0 190.0 Middle East & North Africa 615.1 -299.3 144.3 59.7 -103.0 19.4 18.7 680.3 0.0 94.9 South Asia 2,003.7 -384.4 1,180.5 -530.0 106.0 615.0 588.0 118.0 0.0 -79.1 Sub-Saharan Africa 1,264.0 -583.9 1,911.9 253.9 -564.6 498.6 -268.5 18.9 0.0 -2.3 Low income 7,990.7 587.4 4,310.7 -282.9 -40.4 1,609.4 1,499.0 216.2 60.5 30.8 Middle income 39,532.1 6,244.4 505.0 -54.5 19,297.2 271.2 6,878.3 5,285.4 553.7 551.3 Heavily indebted poor countres 2,678.0 -405.2 2,349.0 345.2 -147.3 852.5 -263.3 -91.2 0.0 38.4 ' Data includes only debt flows. \a Debt service payments to IDA and IMF repurchases and charges include payments from the HIPC Trust Fund, IDA Grants, and IMF Trust Fund, under the HIPC initiative. Note: Loans from major regional developments banks, the IMF, and the World Bank are classified as concessional according to each institutions's classification. Otherwise, concessionality of flows are as defined by DAC. EBRD and IFC data are for loans to the private sector without government guarantees. 17 NET FINANCIAL FLOWS FROM MULTILATERAL INSTITUTIONS, 1998* Intemational rescue packages to help countries effected by the financial crises that began in Asia in 1997 and spread more widely in 1998 boosted net flows from multilaterals. However, these increased flows only partially offset the decline in private source financing to low- and middle-income countries. East Asia & Pacific Europe & Central Asia (US$ bition) (US$ billion) 25.0 1 9_0_ _ _ _ __ _ _ _ :- L - : --n---- n-:-= Total Mult. World Bank IMF Reg. Banks Others Total Mult. Word Bank IMF Reg. Banks Others Latin America & Caribbean Middle East & North Aftca (US$ billion) (US$ billion) 14.0 - . Total Malt. World Bank IMF Rag. Bankis Others Total Malt. World Bardk IMF Reg. Banks Others South Asia Sub-Saharan Afnca (US$ billion) (US$ billion) 2.0 -fiz) Total Mutt. World Bards IMF Reg. Banks Others Total Mult. World Bank IMP Rag. Banks Others All deneloping countneas (US$ billion) 50.0~~~~~~~~~~~~~~~~. __:' ' __ _ _ Total Mult. Wodd Bank IMF Reg. Banks Others 18 INTERNATIONAL BOND ISSUES AND OUTSTANDINGS (US $ million, unless otherwise indicated) Outstandings New Issues Repayments 1997 1998 1997 1998 PPG Brady PNG PPG Brady PNG PPG PNG PPG PNG 1997 1998 Bonds Bonds Bonds Bonds Bonds Bonds Total Bonds Bonds Total Bonds Bonds Albania 225 225 Argentina 26,746 20,817 10,311 37,747 17,949 11,873 13,011 9,927 3,084 15,743 11,768 3,976 6,206 6,706 Barbados 63 . .. 40 . .. . .. . .. . .. 4 23 Bolivia 9 . .. 9 . .. . .. . ..3 Brazil 16,224 35,512 14,820 16,132 35,672 16,779 10,012 4,262 5,750 6,423 2,935 3,489 8,791 5,014 Bulgaria 94 4,977 .. 42 4,977 .. . .. . .. 62 57 Chile 0 .. 3,764 0 .. 4,466 1,050 0 1,050 863 .. 863 1 1 161 China 12,616 .. 2,412 13,941 .. 1,198 4,623 3,105 1,518 1,794 1,325 469 1,294 207 Colombia 4,366 .. 809 6,200 .. 821 1,144 1,144 .. 2,132 2,132 .. 76 380 Congo, Dem. Rep. 4 . .. 4 .. . .. . .. . Costa Rica 48 556 .. 241 548 .. 50 50 .. 200 200 I. 0 16 Cote dilvoire .. 2,457 .. 0 2,434 . .. . .. . .. . .. 23 Croatia 534 . .. 644 . .. 531 531 .. 101 101 .. 46 1 1 Czech Republic 672 .. 457 1,376 .. 671 264 264 .. 837 637 200 59 Dominican Republic 0 518 .. 0 514 .. . . . . . . 2 4 Ecuador 0 5,834 .. 0 5,825 . .. . .. . .. 136 10 Estonia 34 .. 81 54 .. 87 81 .. 81 17 17 Ghana . .. 250 . .. 250 .. . .. . Guatemala 337 . .. 307 .. 150 150 . .. . .. 44 31 Honduras 62 .. . . . . . . . . . . 30 32 Hungary 10,565 ..12,010 .. 90 436 436 ..2,334 2,248 85 1,648 1,646 India 1,948 ..3,802 6,002 ..3,647 2,021 650 1,371 4,534 4,234 300 152 413 Indonesia 1,191 .. 9,661 1,191 .. 9,596 3,428 50 3,378 500 .. 500 309 641 Jamaica 278 .. 55 528 .. 55 200 200 .. 250 250 Jordan 886 . .. 875 . .. 100 100 . .. . .. 10 10 Kazakhstan 550 ..550 .. 100 350 350 .. 100 .. 100 Korea, Rep. 21,086 ..18,555 24,454 ..20,106 14,456 8,214 6,242 6,396 5,656 739 4,002 5,176 Latvia . .. 30 . .. 30 30 .. 30 .. . . 33 Lebanon 1,040 .. 885 2,499 .. 785 1,119 644 475 1,450 1,450 .. 400 100 Lithuania 200 ..200 . .. 200 200 . .. . .. 110 Malaysia 8,265 .. 3,752 8,338 .. 3,785 2,590 746 1,844 .. . . 86 314 Mauritius 150 .. 600 150 600 600 .. 600 . Mexico 28,644 23,795 15,810 29,903 24,082 16,546 16,485 12,795 3,690 12,692 7,694 4,998 16,012 10,264 Moldova 75 .. 75 . .. 75 75 . Morocco 251 . .. 267 .. . .. . .. . Nigeria 0 2,051 .. 0 2,051 .. . .. . Oman 225 ..225 .. 225 225 .. . Pakistan 675 .. 45 675 .. 45 375 375 .. . Panama 1,221 2,107 321 1,572 2,027 246 1,446 1,200 246 352 352 .. 987 134 Peru 0 4,130 .. 0 4,130 150 . .. . .. . .. 802 Philippines 3,999 2,229 5,274 4,188 2,170 5,366 2,659 866 1,793 590 500 90 28 439 Poland 927 6,037 850 2,076 5,289 1,678 1,203 400 803 1,950 1,138 812 .. 748 Romania 1,241 .. 75 1,343 .. 75 422 347 75 .. . Russian Federation 4,585 1,905 15,981 ..2,190 5,460 3,555 1,905 11,607 11,329 278 .. 69 Slovak Republic 850 .. 100 280 .. 100 . .. . .. . .. 10 570 South Africa 3,631 .. 395 3,649 .. 786 1,323 1,278 45 373 .. 373 253 70 Sri Lanka 50 . .. 115 .. 50 50 .. 65 65 Thailand 2,766 11,411 3,035 ..10,627 2,319 1,055 1,264 300 300 .. 593 932 Trinidad and Tobago 425 . .. 425 . .. . .. . .. . .. 150 Tunisia 1,112 . .. 1,200 . .. 586 586 . . . Turkey 15,075 .. 124 14,632 .. 794 3,711 3,711 .. 2,667 1,997 670 1,736 3,201 Uganda 4 . .. 4 .. . .. . .. . .. . Ukraine 1,120 . .. 2,318 . .. ... 1,111 1,111 .. 35 Uruguay 1,701 730 196 2,033 692 260 571 471 100 794 694 100 122 458 Venezuela, R.B. de 7,371 12,189 319 7,291 11,428 2,694 4,715 4,515 200 2,950 500 2,450 4,888 1,542 Vietnam .. 560 . .. 560 .. . .. . .. . Zimbabwe 60 .. 30 . .. . .. . .. . .. 30 30 19 INTERNATIONAL BOND ISSUES AND OUTSTANDINGS (US $ million, unless otherwise indicated) Outstandings New Issues Repayments 1997 1998 1997 1998 PPG Brady PNG PPG Brady PNG PPG PNG PPG PNG 1997 1998 Bonds Bonds Bonds Bonds Bonds Bonds Total Bonds Bonds Total Bonds Bonds All developing countries 184,199 124,499 107,068 225,077 120,346 116,493 98,070 62,526 35,544 79,123 58,631 20,492 49,133 39,466 East Asia & Pacific 49,923 2,788 51,064 55,147 2,729 50,677 30,075 14,036 16,039 9,580 7,781 1,798 6,312 7,709 Europe & Central Asia 36,747 11,014 3,622 51,807 10,266 5,815 12,762 9,868 2,894 20,723 18,577 2,146 3,703 6,338 Latin America & Caribbean 87,494 106,189 46,404 102,428 102,866 53,889 48,834 34,715 14,120 42,399 26,524 15,875 38,273 24,772 Middle East & North Africa 3,513 0 885 5,067 0 785 2,031 1,556 475 .. 1,450 .. 410 110 South Asia 2,673 0 3,847 6,792 0 3,692 2,446 1,075 1,371 4,599 4,299 300 152 413 Sub-Saharan Africa 3,849 4,508 1,245 3,837 4,485 1,636 1,923 1,278 645 .. .. 373 283 123 Low income 16,635 5,067 16,170 21,922 5,045 14,735 10,523 4,255 6,267 6,828 5,559 1,269 1,815 1,345 Middle income 167,564 119,432 90,898 203,155 115,302 101,758 87,547 58,271 29,276 72,296 53,072 19,223 47,318 38,120 Heavily indebted poor countries 79 3,017 250 17 2,994 250 .. .. .. .. .. .. 33 54 Note: PPG bonds exclude Brady bonds. PPG stands for public and publicly guaranteed. PNG stands for private non-guaranteed. Repayment Profile of PPG Bonds (excluding Brady bonds) (US$ millions) 30,000 - 25,000 - 20,000 __ 10,000 , 5,000 , 1999 2003 2007 2011 2015 2019 2020+ Repayment Profile of Brady Bonds (US$ millions) 40,000 35,000 30,000 25,000 20,000 15,000 Li 10,000 14- 5,000 -1 LEO n n nnnnnnnnnnnr lra,, 1999 2003 2007 2011 2015 2019 2020+ Repayment Profile of PNG Bonds (US$ millions) 16,000 14,000 12,000 10,000 0,000 6,000 41000 RflflL H21H0521200 2,000 1999 2003 2007 2011 2015 2019 2020. 20 Domestic Debt Why focus on local-currency debt? Local currency denominated in local and foreign currency (the bulk of securities in emerging markets have grown rapidly in issues are local currency, however). The stock of number of issues and trading volumes over the past five government domestic debt is narrowly defined to include years. The impetus for their growth has come in part from only central government direct obligations. It does not a desire of national authorities to develop money markets, include state and local borrowings, central bank debt so as to improve instruments of monetary control and as a instruments, or explicit guarantees by the central prelude to deepening bond markets; from fiscal pressures; government. Central government domestic securities and from foreign investor demand. The expansion of local outstanding are measured at face or book values rather than currency debt markets, the importance of local currency current market values. Thus the stock figures represent the securities for global investors, and the realization that total amount that would need to be paid at the time the liabilities matter-not just external debt-are but some of obligations are due. The exceptions are inflation-indexed or the reasons for introducing domestic debt in this year's exchange rate-indexed securities, whose amounts due will Global Development Finance. be affected by the movement of the index or rate to which the value of the security is linked. However, the data do not The pronounced growth of local currency debt markets reflect these movements. represents an important new financing trend in emerging market economies. Much of this debt is central The maturity composition of government domestic debt is government obligations (the government fixed-income based on original repayment terms on securities outstanding sector is usually the most liquid segment of the local (see chart on page 31). currency debt market), with the remainder largely commercial bank CDs, commercial paper, and other The security-level data are collected from both government money market instruments. Local currency fixed-income and market sources. Stocks are converted into a common instruments provide opportunities to global investors currency (U.S. dollars) using end-of-period exchange rates. seeking to invest in emerging markets or diversify their In the table and charts that follow, stocks are converted into exposure. Through these instruments investors can gain U.S. dollars using end-1998 exchange rates. exposure to local interest rate and foreign exchange risk. Typically, yields are attractive to investors and the Government debt outstanding as a percentage of GNP, instruments are of short duration; often the investments 1998 are funded through "carry trade", short-term borrowing in a major currency such as U.S. dollars or Japanese yen. Total Domestic debt debt Financial crises in the 1990s have shown that both local Argentina 37.2 12.3 currency and foreign currency debt are relevant for Brazil 23.6 14.1 country analysis. The composition of debt-currency China 1178 7.2 structure, maturity, and indexation features-matters in Czech Rep. 12.2 11.5 analyzing the vulnerability of the fiscal position or balance Hungary 28.5 25.9 sheet to shocks. For example, the larger the unhedged India 30.3 16.0 foreign currency composition of the debt or the foreign Korea 10.2 4.9 currency-indexed component of debt, the larger will be the Mexico 22.2 8.6 cost of servicing the debt in the event of an adverse Philippines 42.6 13.5 exchange rate shock. Again, the greater the inflation- Poland 29.7 8.9 indexed component of debt, the larger is the impact of an South Africa 44.4 36.5 adverse supply shock (higher cost of borrowing and Turkey 43.2 727. revaluation of the principal). Also, the shorter the maturity Ukraine 23.4 5.2 structure of debt, the greater the vulnerability to liquid Note: Total government debt is the aggregate of domestic and extemal debt of shocks. the central government. Domestic debt comprises securities issued in local fixed-income markets and external debt comprises direct government About the data. The data draw on a pilot database on debt borrowings-loans and debt securities-issued overseas in foreign currency. It securities issued by central goverment in ...domestic..or does not include central bank debt, including IMF credits and central bank securities issued by Central governments in domestic or instruments. local fixed-income markets. The database includes Source: National authorities, Bloomberg, and World Bank Debtor Reporting treasury bills and government notes and bonds System. 21 Domestic Debt Govemments in a number of emerging market economies can now raise substantial funds in their own local markets, generally reflecting markets of increasing depth and financial sophistication. But in many countries, markets still do not afford significant maturity transformation, so average maturities of local borrowing are short term. Central Government Debt, 1998 US $ billion Brazil China India Turkey I SouthAfrica _ Argentina Mexico u I Korea, Rep. of Poland = I Hungary * Philippines _ I Colombia Domestic Debt *External Debt F Thailand _ I I~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ CzechRepublic I Ukraine i i 0 20 40 60 80 100 Maturity composition of government debt outstanding, 1998 percent 100.0% 90.0% ------------------- *Oto1year 1+to5years 5+ years ------------ - -- 80.0% _- - - - - - 70.0% - 7 0 . 0 % - - - __ _ _ - - __ - - _ - - - - - - _ _ - - - - - - - - _ _ - _ _ - - _ _ - - - - - - - - - - - - - 5 0 .0 % - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -_ 60.OV-~~~~~~~~ 40.0% - - - - - - - - - - - - - - - _ _ _. - - - -- - - - - - - - - - - - - - - - - 30.0% / - - - - - - - - - - - - - - - - - 20.-O-------- 10.00/--___ _____ _|_. _ _ 0.0% , - ,- , 0) < C < _ Q rd E OX @ t (0 .' - N W r- .~e ~ a r ~~~~~~~~~~c L 0 (D Y < N Summary tables 24 ALL DEVELOPING COUNTRIES (US$ million, unless otherwise inidicated) 1970 1980 1990 1993 1994 1995 1996 1997 1998 1999 TOTAL DEBT STOCKS (EDT) 609,403 1,460,343 1,777,529 1,969,044 2,139,456 2,229,400 2,326,457 2,536,046 2,553,988 Long-termn debt (LDOD) 61,145 451,524 1,181,110 1,411,180 1,564,437 1,653,951 1,708,480 1,786,391 2,030,343 2,070,720 Public and publicly guaranteed 45,768 380,953 1,115,596 1,283,185 1,375,599 1,432,451 1,424,201 1,411,963 1,529,249 1,580,107 Private nonguaranteed 15,377 70,571 65,513 127,995 188,838 221,500 284,279 374,428 501,094 490,613 Use of IMF credit 756 12,246 34,652 39,885 44,144 61,101 60,106 70,797 93,839 81,002 Short-term debt .. 145,633 244,581 326,463 360,462 424,404 460,814 469,269 411,865 402,266 of which interest arrears on LDOD .. 2,475 52,700 46,016 43,013 43,644 38,926 30,269 36,193 40,743 Official creditors 2,027 19,631 20,302 22,955 25,452 25,193 23,420 27,199 Private cr-editors .. 447 33,068 25,714 20,058 18,191 13,733 6,848 8,994 Memo: principal arrears on LDOD .. 2,507 59,560 81,534 92,717 107,988 104,231 79,607 91,841 98,387 Official creditors 1,244 27,273 39,278 48,565 59,879 61,506 59,505 65,426 Private creditors .. 1,262 32,287 42,256 44,151 48,109 42,725 20,102 26,415 Memo: export credits 7,728 301,045 352,364 380,327 371,350 359,354 364,271 386,573 TOTAL DEBT FLOWS Disbursemnents 13,251 113,657 137,218 182,235 184,810 239,674 277,505 331,584 319,972 245,979 Long-term debt 12.920 107,641 128,974 175,234 176,408 211,760 268,847 308,387 290,842 231,054 IMF purchases 331 6,016 8,244 7,001 8,401 27,914 8,659 23,197 29,129 14,925 Principal repayments 6,742 44,473 93,720 106,760 119,598 139,416 171,342 199,621 196,031 214,094 Long-tenrmdebt 6,000 42,472 85,531 101,423 112,775 128,326 163,715 191,078 186,134 186,332 IMF repurchases 743 2,002 8,189 5,338 6,823 11,090 7,627 8,544 9,896 27,762 Net flows on debt 15,847 111,038 60,045 112,050 113,570 167,735 149,097 152,368 76,329 20,659 of which short-termn debt .. 41.854 16,548 36,576 48,358 67,477 42,933 20,405 -47.612 -11,226 Interest payments (INT) .. 48,859 70,487 68,655 78,208 100,940 106,533 112,838 120,083 135,266 Long-term debt 2,355 32,790 54,703 52,298 60,765 77,135 80,957 87,074 94,868 111,378 IMEF charges 0 471 2,504 2,346 1,807 2,791 2,310 2,207 3,406 4,821 Short-term debt 15,597 13,280 14,010 15,636 21,014 23,267 23,557 21,807 19,067 Net transfers on debt .. 62,179 -10,442 43,393 35,361 66,795 42,563 39,529 -43,753 -114,607 Total debt service paid (TDS) .. 93,331 164,208 175,416 197,807 240,356 277,877 312,460 316,113 349,360 Long-term debt 8,353 75,261 140,234 153,723 173,541 205,461 244,672 278,153 281,003 297,710 RIMFrepurchases and charges 743 2,473 10,694 7,684 8,630 13,881 9,938 10,750 13,303 32,583 Short-term debt (interest only) .. 15,597 13,280 14,010 15,636 21,014 23,267 23,557 21,807 19,067 2. AGGREGATE NET RESOLURCE FLOW~S AND NEY TRA-NSFERS (LONG-TERNTh NET RESOURCE FLOWS 11,074 82,692 98,529 219,169 220,356 257,172 313,143 343,726 318,325 290,699 Net flow of long-term debt (ex.RIMF) 6,921 65,169 43,442 73,810 63,634 83,433 105,133 117,310 104,708 44,722 Foreign direct investment (net) 2,207 4,400 24,130 65,992 88,841 104,989 130,845 170,258 170,942 191,991 Portfolio equity flows 0 0 2,757 51,016 35,161 36,057 49,170 30,191 15,567 27,587 Grants (excluding technical coop.) 1,947 13,123 28,198 28,351 32,720 32,693 27,996 25.968 27,108 26.399 Memo: technical coop. grants 1,754 6,356 14,306 18,200 16,858 20,051 18,637 15,505 16,052 15,875 official net resource flows 5,369 34,854 55,922 53,363 45,912 53,904 31,003 39,833 50,625 51,961 private net resource flows 5.705 47,838 42,606 165,806 174,445 203,268 282,140 303,894 267,700 238,738 NET TRANSFERS 2,256 26,195 26,274 143,992 134,699 153,536 202,202 224,884 188,227 137,724 Initerest on long-terim debt 2,355 32,790 54,703 52,298 60,765 77,135 80,957 87,074 94,868 111,378 Profit remittances on FDI 6,464 23,708 17,553 22,878 24,892 26,503 29,985 31,768 35,230 41,597 Memo: official net transfers 4,503 28,730 35,737 29,586 20,285 23,385 1 1 1 1,099 22,604 20,155 pfivate net transfers -2,247 -2,535 -9,464 114,407 114,413 130,151 202,192 213,785 165,623 117,569 3. NLIAJOR ECONONI IC AGGREGATES Gross national product (GNP) 698,173 3,006,505 4,271,676 4,677,874 4,995,290 5,693,402 6,241,332 6,457,678 6,017,872 6,156,074 Exports of goods & services (XGS) .. 689,112 898,946 1.080,007 1,244,848 1,524,860 1,688,314 1,822,068 1,715,333 1,869,660 of which workers remittances .. 14,359 25,207 34,332 38,084 42,494 48,827 54,614 47,503 49,442 Imports of goods & services (MGS) .. 676,215 928,822 1,217,603 1,343,025 1,647,043 1,815,967 1,938,905 1,801,217 1,833,479 Intemafional reserves (RES) .. 212,177 222,924 364,073 428.716 538,198 620,109 649,234 699,746 757,526 Current account balance .. -6,134 -22,992 -127,044 -90,036 -111,893 -116,373 -109,979 -74,102 -25,800 4. DiEBTr INDICATIORS EDT I XGS (% . 88.4 162.5 164.6 158.2 140.3 132.1 127.7 147.9 136.6 EDT /GNP(% . 20.3 34.2 38.0 39.4 37.6 35.7 36.0 42.1 41.5 TDS /XGS (% . 13.5 18.3 16.2 15.9 15.8 16.5 17.2 18.4 18.7 INT / XGS (% . 7.1 7.8 6.4 6.3 6.6 6.3 6.2 7.0 7.2 INT /GNP(% . 1.6 1.7 1.5 1.6 1.8 1.7 1.8 2.0 2.2 RES / EDT (% . 34.8 15.3 20.5 21.8 25.2 27.8 27.9 27.6 29.7 RES / MGS (months) .. 3.8 2.9 3.6 3.8 3.9 4.1 4.0 4.7 5.0 Short-term /EDT (%) .. 23.9 16.8 18.4 18.3 19.8 20.7 20.2 16.2 15.8 Concessional /EDT(% . 18.2 21.5 21.1 20.4 19.4 18.2 16.1 14.9 18.6 Multilateral/ EDT (%) .. 8.0 14.3 14.0 14.0 13.6 12.9 12.5 12.9 13.5 25 ALL DEVELOPING COUNTRIES (US$ million, unless otherwise indicated) 1970 1980 1990 1993 1994 1995 1996 1997 1998 1999 5. L.ONG-r~ERNI% DEBI' DEBT OUTSTANDING (LDOD) 61,145 451,524 1,181,110 1,411,180 1,564,437 1,653,951 1,708,480 1,786,391 2,030,343 2,070,720 Public and publicly guaranteed 45,768 380,953 1,115,596 1,283,185 1,375,599 1,432,451 1,424,201 1,411,963 1,529,249 1,580,107 Official creditors 32,258 178,102 605,134 761,027 832,031 864,278 832,237 794,444 852,901 875,471 Multilateral 7,323 48,850 208,245 249,091 275,060 290,759 286,550 289,598 326,307 345,741 Concessional 2,072 18,291 68,877 87,572 99,198 106,844 111,256 113,778 124,076 147,377 Bilateral 24,934 129,251 396,889 511,937 556,971 573,519 545,688 504,845 526,594 529,730 Concessional 21,441 92,315 244,878 287,105 303,332 307,994 294,661 260,417 253,850 328,753 Private creditors 13,510 202,851 510,464 522,158 543,569 568,174 591,963 617,519 676,349 704,636 Bonds 1,804 13,103 107,429 161,518 234,722 257,369 293,379 308,698 345,423 369,934 Commercial banks 3,649 127,483 257,692 221,162 168,869 173,937 174,024 207,868 236,757 235,301 Other private 8,057 62,266 145,342 139,478 139,979 136,868 124,561 100,953 94,169 99,401 Private nonguaranteed 15,377 70,571 65,513 127,995 188,838 221,500 284,279 374,428 501,094 490,613 Bonds 0 0 837 31,800 56,874 61,557 85,031 107,068 116,493 116,777 Commercial banks 15,377 70,571 64,677 96,195 131,965 159,943 199,248 267,360 384,601 373,836 Memo: IBRD 4,387 22,155 95,573 102,691 110,108 113,869 107,160 106,036 115,927 120,458 IDA 1,832 11,888 45,103 58,310 66,505 71,630 75,219 77,474 84,159 88,919 DISBURSEMENTS 12,920 107,641 128,974 175,234 176,408 211,760 268,847 308,387 290,842 231,054 Public and publicly guaranteed 8,763 86,187 110,120 126,263 115,726 143,262 164,473 178,944 174,531 174,863 Official creditors 4,922 28,941 53,292 54,023 49,816 66,135 56,535 65,352 67,149 71,026 Multilateral 1,206 9,353 27,798 31,319 29,289 32,269 33,536 40,642 44,773 39,686 Concessional 256 2,878 6,874 7,757 9,167 8,812 9,981 9,186 8,890 9,178 Bilateral 3,718 19,589 25,494 22,704 20,528 33,866 22,999 24,710 22,375 31,340 Concessional 2,948 11,041 15,411 12,338 12,755 14,283 12,222 10,549 13,853 13,013 Private creditors 3,840 57,245 56,828 72,241 65,910 77,127 107,939 113,593 107,382 103,837 Bonds 146 1,698 6,158 26,023 24,143 29,902 58,610 62,526 58,631 56,544 Commercial banks 1,313 34,047 17,993 17,968 17,773 26,614 29,653 32,054 34,766 25,465 Other private 2,381 21,501 32,677 28,250 23,995 20,611 19,676 19,013 13,986 21,828 Private nonguaranteed 4,158 21,454 18,854 48,971 60,682 68,497 104,373 129,443 116,312 56,191 Bonds 0 0 701 19,856 24,174 19,124 32,623 35,544 20,492 13,693 Commercial banks 4,158 21,454 18,153 29,115 36,508 49,373 71,750 93,900 95.820 42,498 Memo: IBRD 679 4,478 13,587 13,143 11,580 13,237 13,358 17,660 17,560 14,581 IDA 173 1,587 4,378 4,862 6,065 5,474 6,313 5,933 5,558 5,647 PRINCIPAL REPAYMENTS 6,000 42,472 85,531 101,423 112,775 128,326 163,715 191,078 186,134 186,332 Public and publicly guaranteed 3,545 30,721 76,158 75,175 83,449 97,243 120,069 128,863 112,579 119,661 Official creditors 1,500 7,210 25,568 29,010 36,625 44,924 53,529 51,487 43,631 45,464 Multilateral 385 1,660 12,552 16,448 19,211 21,350 21,059 19,834 18,787 19,734 Concessional 30 104 906 1,257 1,404 1,584 1,759 1,803 1,941 1,916 Bilateral 1,116 5,550 13,017 12,563 17,413 23,576 32,470 31,653 24,844 25,730 Concessional 617 2,518 5,841 5,630 7,010 8,989 8,987 10,383 10,599 7,301 Private creditors 2,045 23,510 50,591 46,165 46,824 52,319 66,540 77,376 68,947 74,197 Bonds 143 514 5,681 8,943 7,167 12,879 21,801 36,783 26,588 31,945 Commercial banks 675 13,762 23,527 17,654 19,167 19,807 27,297 24,533 25,266 25,935 Other private 1,226 9,235 21,383 19,568 20,491 19,632 17,442 16,060 17,094 16,317 Private nonguaranteed 2,454 11,751 9,373 26,249 29,326 31,084 43,646 62,215 73,556 66,671 Bonds 0 0 0 289 2,997 5,332 7,034 12,349 12,878 13,249 Commnercial banks 2,454 11,751 9,373 25,959 26,330 25,752 36,612 49,865 60,677 53,422 Memo: IBRD 248 1,062 8,488 10,383 11,887 12,134 11,998 10,934 10,729 10,053 IDA 0 31 251 398 458 546 593 649 743 856 NET FLOWS ON DEBT 6,921 65,169 43,442 73,810 63,634 83,433 105,133 117,310 104,708 44,722 Public and publicly guaranteed 5,218 55,466 33,960 51,089 32,278 46,019 44,406 50,081 61,951 55,202 Official creditors 3,422 21,731 27,724 25,013 13,192 21,211 3,007 13,865 23,517 25,562 Multilateral 821 7,693 15,246 14,871 10,078 10,920 12,478 20,808 25,986 19,952 Concessional 226 2,774 5,967 6,500 7,764 7,228 8,222 7,383 6,949 7,262 Bilateral 2,602 14,039 12,477 10,142 3,114 10,291 -9,471 -6,943 -2,468 5,610 Concessional 2,331 8,525 9.570 6,708 5,745 5,295 3,235 167 3,254 5,712 Private creditors 1,795 33,736 6,237 26,076 19,086 24,809 41,399 36,216 38,435 29,640 Bonds 3 1,184 477 17,080 16,976 17,023 36,808 25,743 32,043 24,599 Commercial banks 638 20,286 -5,534 314 -1,395 6,807 2,357 7,521 9,500 -470 Other private 1,154 12,266 11,294 8,681 3,504 979 2,235 2,953 -3,108 5,511 Private nonguaranteed 1,703 9,703 9,482 22,722 31,356 37,414 60,727 67,228 42,756 -10,480 Bonds 0 0 701 19,566 21,178 13,792 25,589 23,194 7,615 444 Commercial banks 1,703 9,703 8,781 3,156 10,179 23,621 35,138 44,034 35,142 -10,924 Memo: IBRD 431 3,415 5,100 2,759 -306 1,104 1,360 6,727 6,831 4,528 IDA 173 1,556 4,127 4,465 5,607 4,928 5,721 5,284 4,816 4,791 26 ALL DEVELOPING COUNTRIES (US$ million, unless otherwise indicated) 1970 1980 1990 1993 1994 1995 1996 1997 1998 1999 INTEREST PAYMENTS (LINT) 2,355 32,790 54,703 52,298 60,765 77,135 80,957 87,074 94,868 111,378 Public and publicly guaranteed 1,597 25,762 49,615 45,356 51,285 63,895 65,022 66,054 68,758 76,466 Official creditors 866 6,125 20,185 23,778 25,627 30,519 30,992 28,733 28,020 31,806 Multilateral 308 2,552 10,863 13,000 13,634 14,031 13,790 12,870 13,244 15,425 Concessional 19 167 633 831 925 1,010 1,065 1,090 1,133 1,227 Bilateral 558 3.573 9,323 10,777 11,993 16,488 17,202 15,863 14,777 16,381 Concessional 389 1,836 4,324 5,660 5,714 6,164 6,031 5,564 5,538 5,631 Private creditors 730 19,636 29,430 21,578 25,659 33,376 34,029 37,321 40,738 44,660 Bonds 97 950 4,599 8,524 11,168 16,899 16,783 19,732 22,393 25,012 Comimercial banks 252 14,430 17,838 7,657 7,704 9,382 10,662 11,699 13,020 15,297 Other private 381 4,257 6,994 5,397 6,786 7,093 6,585 5,890 5,325 4,351 Private nonguaranteed 758 7,029 5,087 6,943 9,480 13,239 15,935 21,020 26,110 34,912 Bonds 0 0 8 1,048 2,923 4,438 5,464 7,431 8,516 9,340 Commercial banks 758 7,029 5,079 5,896 6,558 8,801 10,471 13,589 17,594 25,572 Memo: IBRD 243 1,814 7,130 8,004 8,002 8,139 7,807 6,893 7,029 7,885 IDA 12 79 303 395 433 504 512 531 554 597 NET TRANSFERS ON DEBT 4,566 32,380 -11,260 21,511 2,868 6,298 24,176 30,235 9,840 -66,656 Public and publicly guaranteed 3,621 29,706 -15,654 5,732 -19,008 -17,876 -20,616 -15,974 -6,807 -21,264 Official creditors 2,556 15,606 7,538 1,235 -12,435 -9,308 -27,986 -14,869 -4,503 -6,244 Multilateral 513 5,141 4,385 1,871 -3,556 -3,112 -1,312 7,938 12,742 4,527 Concessional 207 2,607 5,334 5,668 6,839 6,218 7,157 6,293 5,816 6,035 Bilateral 2,044 10,466 3,154 -636 -8,879 -6,197 -26,674 -22,806 -17,246 -10,771 Concessional 1,942 6,688 5,247 1,049 32 -868 -2,797 -5,398 -2,283 81 Private creditors 1,064 14,099 -23,192 4,498 -6,574 -8,567 7,369 -1,105 -2,303 -15,020 Bonds -95 234 -4,122 8,556 5,807 124 20,026 6,011 9,651 -413 Commercial banks 386 5,856 -23,371 -7,343 -9,099 -2,576 -8,305 -4,179 -3,521 -15,767 Other pfivate 774 8,009 4,300 3,284 -3,282 -6,115 -4,351 -2,938 -8,432 1,160 Private nonguaranteed 945 2,674 4,395 15,779 21,877 24,175 44,793 46,209 16,646 -45,392 Bonds 0 0 693 18,519 18,255 9,354 20,126 15,763 -901 -8,896 Commercial banks 945 2,674 3,702 -2,740 3,621 14,821 24,668 30,446 17,548 -36,496 Memo: IBRD 188 1,601 -2,031 -5,246 -8,309 -7,036 -6,448 -166 -198 -3,357 IDA 162 1,476 3,825 4,069 5,175 4,425 5,209 4,753 4,262 4,194 DEBT SERVICE (LTDS) 8,353 75,261 140,234 153,723 173,541 205,461 244,672 278,153 281,003 297,710 Public and publicly guaranteed 5,141 56,481 125,774 120,531 134,735 161,138 185,091 194,918 181,337 196,127 Official creditors 2,366 13,335 45,753 52,788 62,252 75,444 84,522 80,220 71,651 77,270 Multilateral 693 4,212 23,414 29,448 32,845 35,380 34,849 32,704 32,031 35,159 Concessional 49 271 1,540 2,089 2,328 2,594 2,825 2,893 3,073 3,143 Bilateral 1,674 9,123 22,340 23,340 29,406 40,063 49,673 47,516 39,621 42,111 Concessional 1,006 4,353 10,165 11,291 12,723 15,152 15,019 15,948 16,136 12,932 Private creditors 2,776 43,147 80,021 67,743 72,484 85,695 100,570 114,697 109,685 118,857 Bonds 241 1,463 10,280 17,467 18,336 29,779 38,584 56,515 48,980 56,957 Commercial banks 927 28,191 41,365 25,311 26,871 29,190 37,959 36,232 38,286 41,232 Other pfivate 1,608 13,492 28,377 24,965 27,276 26,726 24,027 21,951 22,418 20,668 Private nonguaranteed 3,212 18,780 14,460 33,192 38,806 44,323 59,581 83,234 99,665 101,583 Bonds 0 0 8 1,337 5,919 9,770 12,497 19,781 21,394 22,589 Commercial banks 3,212 18,780 14,452 31,855 32,887 34,553 47,083 63,454 78,272 78,994 Memo: IBRD 491 2,877 15,619 18,389 19,889 20,273 19,806 17,826 17,757 17,938 IDA 12 110 553 792 891 1,050 1,105 1,180 1,296 1,453 UNDISBURSED DEBT 17,055 141,726 215,433 253,245 256,887 258,895 245,187 231,506 237,009 Official creditors 13,195 90,987 162,768 190,129 200,371 204,133 189,985 180,588 186,431 Private creditors 3,859 50,739 52,665 63,117 56,516 54,762 55,202 50,918 50,578 Memorandum itemLs Concessional LDOD 23,514 110,606 313,755 374,676 402,529 414,838 405,916 374,195 377,925 476,130 Variable rate LDOD 16,160 191,475 441,999 549,985 628,346 688,670 741,553 846,341 1,005,313 Public sector LDOD 43,501 340,613 1,049,845 1,209,457 1,304,373 1,360,452 1,350,951 1,337,582 1,371,406 Private sector LDOD 17,648 84,369 74,201 136,572 194,350 227,464 291,157 377,184 577,793 6. CU'RRENCI' COMPOSITION' OF LON(;-r'ERM% DFBT iPERCENTi Deutsche mark 8.6 6.6 8.6 7.7 7.8 8.2 8.3 7.5 7.7 French franc 5.2 5.5 5.7 4.5 4.5 4.7 4.4 3.7 3.6 Japanese yen 2.3 6.9 10.5 12.1 12.9 12.6 11.6 10.4 10.8 Pound sterling 11.2 3.4 2.3 1.6 1.5 1.3 1.4 1.4 1.3 Swissfiranc 1.1 1.6 1.9 1.2 1.~0 1.0 0.8 0.6 0.5 U.S.dollars 47.1 49.8 41.2 44.5 44.4 44.9 47.3 52.4 51.7 Multiple cur-rency 11.6 10.9 14.7 14.5 14.5 14.2 13.4 12.0 8.3 Special drawing rights 0.0 0.0 0.2 0.2 0.3 0.3 0.3 0.3 0.3 All other currencies 13.0 8.4 9.9 8.7 8.4 8.3 8.0 6.8 7.4 27 ALL DEVELOPING COUNTRIES (US$ million, unless otherwise indicated) 1970 1980 1990 1993 1994 1995 1996 1997 1998 1999 7. DEBT RESTRLICTUTRINGS Total amount rescheduled 117 3,325 79,335 64,371 91,324 31,838 32,412 48,808 38,633 Debtstockrescheduled 0 1 61,910 23,796 54,025 6,897 6,896 1,607 31,613 Principal rescheduled 0 393 10,307 18,003 15,677 15,295 15,971 35,357 6,339 Official 0 137 5,829 6,789 4,475 6,914 6,379 6,846 4,407 Private 0 257 4,478 11,214 11,202 8,382 9,592 28,511 1,933 Interest rescheduled 5,844 16,010 16,600 5,221 7,314 9,040 1,583 Official 0 38 4,617 3,784 3,332 2,270 2,065 2,461 1,200 Private 0 33 1,227 12,225 13,268 2,951 5,250 6,579 382 Debt forgiven 10 269 12,620 2,494 7,705 2,297 5,967 3,364 680 Memo: interest forgiven 0 0 2,889 306 698 1,001 1,871 625 608 Debt stock reduction 0 0 25,196 6,602 13,266 4,224 9,892 18,817 3,050 of whichdebtbuyback 0 0 4,360 542 1,709 162 3,665 10,050 2,117 S. DEBT STOCK-FLOW RECONCILIATION Total change in debt stocks 104,506 156,014 191,516 170,413 89,944 97,058 209,591 Net flows on debt 15,847 111,038 60,045 112,050 113,570 167,735 149,097 152,368 76,329 20,659 Netchange in interest arrears 15,539 -1,271 -3,003 631 -4,718 -8,656 5,923 Interest capitalized 5,844 16,010 16,600 5,221 7,314 9,040 1,583 Debt forgiveness or reduction -33,457 -8,554 -19,262 -6,359 -12,194 -12,131 -1,613 Cross-currency valuation 52,278 975 54,953 11,260 -49,878 -55,587 41,511 Residual .. 4,255 36,805 28,656 -8,074 324 12,024 85,857 9. AVERAGE TERMS OF NEW CONMIFTMENTS ALL CREDITORS Interest (%) 5.0 9.2 7.0 5.6 5.6 6.1 6.4 6.6 6.8 Maturity (years) 20.9 15.8 18.1 14.6 15.7 13.6 12.9 13.8 12.6 Grace period (years) 6.4 4.8 5.6 4.9 5.2 4.6 5.4 6.5 5.9 Grant element (%) 29.6 7.0 18.3 22.3 24.4 20.2 17.2 17.0 16.7 Official creditors Interest (%) 3.6 5.5 5.5 4.8 4.9 5.8 4.8 5.4 5.2 Maturity (years) 28.2 24.0 22.2 21.4 22.1 19.2 21.2 20.1 18.5 Grace period (years) 9.0 6.3 6.6 6.1 6.3 5.4 6.0 5.7 5.3 Grant element (%) 41.1 28.2 29.4 32.5 33.3 26.9 31.8 27.9 30.5 Private creditors Interest (%) 7.2 12.0 8.5 6.3 6.3 6.4 7.3 7.3 7.9 Maturity (years) 9.8 9.8 13.9 9.4 8.9 7.4 8.3 10.0 8.8 Grace period (years) 2.6 3.7 4.5 4.0 4.0 3.9 5.1 7.0 6.4 Grant element (%) 12.0 -8.5 6.5 14.2 14.8 13.0 9.2 10.3 7.7 Memorandum items Commitments 11,958 98,279 124,356 143,189 119,600 153,069 171,836 182,474 174,224 Official creditors 7,213 41,519 63,903 62,918 61,628 79,787 60,874 69,263 69,247 Private creditors 4,745 56,759 60,454 80,270 57,971 73,282 110,962 113,212 104,977 10. GRAPH OF AGGREGATE NET RESOURCE FLOWS (current prices, US$ million) Aggregate Net Resource Flows Private Flows Official Flows 40000 1999 1999 1998 1998 300,000 - 1997 1997 250,000 - 1996 1996 200 ,000 - i, ' ..!.;., .. .¢-- .!5'!,.' ..j! ,i.apPai,,;x ; r1995 1995 50000 -,,,,>,- *................... 1994 1994 1993 1993 50,000 7: . 1992 1992 0 1992 1993 1994 1995 1996 1997 1998 1999 0 50,000 100,000 150,000 200,000 250,000 -20,000 -10,000 0 10,000 20,000 30,000 40,000 El Private flows O Official flows o Private non-debt flows 0 Pnvate debt flows * Multilateral O Bilateral 0 Grants 28 EAST ASIA AND PACIFIC (US$ million, unless otherwise indicated) 1970 1980 1990 1993 1994 1995 1996 1997 1998 1999 I. SUMMARI DEBT D)ATA- TOTAL DEBT STOCKS (EDT) 94,080 274,071 383,106 463,076 530,546 591,348 648,931 667,522 659,389 Long-term debt (LDOD) 7,987 66,674 222,811 297,212 347,379 375,527 403,845 447,245 517,051 530,541 Public and publicly guaranteed 5,808 55,620 195,775 247,459 267,168 283,719 287,186 304,499 337,690 364,954 Private nonguaranteed 2,179 11,054 27,035 49,753 80,212 91,809 116,659 142,746 179,361 165,587 Use of IMF credit 224 2,234 2,085 1,430 1,494 1,337 1,175 17,997 31,407 22,772 Short-term debt 25,172 49,176 84,465 114,203 153,682 186,328 183,689 119,064 106,076 of which interest arrears on LDOD 2 1,889 2,325 2,702 2,869 3,116 1,792 2,031 2,030 Official creditors 1 1,139 1,776 2,140 2,292 2,551 1,733 1,970 Private creditors 1 751 549 562 577 565 59 61 Memo: principal arrears on LDOD 5 2,965 6,835 9,229 10,877 12,579 9,551 15,076 15,077 Official creditors 1 1,790 6,272 8,626 10,149 11,858 9,305 10,305 Private creditors 4 1,175 563 604 729 721 246 4,771 Memo: export credits 330 35,572 52,066 68,011 75,124 74,882 85,558 93,229 TOTAL DEBT FLOWS Disbursements 2,058 17,400 35,514 54,322 64,261 72,728 92,592 114,695 70,472 65,384 Long-term debt 1,993 16,251 35,455 54,014 63,985 72,525 92,397 97,189 55,353 62,827 EMF purchases 66 1,149 58 308 275 203 195 17,506 15,118 2,557 Principal repayments 834 5,857 24,516 33,715 34,380 38,169 46,754 45,446 51,034 67,801 Long-term debt 816 5,619 23,230 33,521 34,079 37,779 46,439 45,170 48,083 56,609 IvIlF repurchases 18 238 1,286 194 301 390 314 276 2,951 11,192 Net flows on debt 3,072 18,320 20,041 33,174 59,242 73,872 78,238 67,934 -18,424 -15,404 of which short-term debt 6,777 9,044 12,567 29,361 39,312 32,399 -1,315 -37,862 -12,987 Interest payments (INT) -- 7,677 15,251 17,610 20,132 26,819 29,031 32,071 33,719 35,683 Long-term debt 238 4,636 11,938 13,834 15,503 18,650 19,347 22,221 24,583 28,411 vMF charges 0 77 245 127 72 69 41 51 1,265 2,208 Short-termn debt .. 2,964 3,068 3,649 4,556 8,100 9,644 9,799 7,870 5,064 Net transfers on debt -- 10,643 4,790 15,563 39,110 47,053 49,206 35,863 -52,143 -51,087 Total debt service paid (TDS) -- 13,534 39,767 51,326 54,512 64,988 75,785 77,517 84,752 103,484 Long-term debt 1,053 10,256 35,168 47,356 49,583 56,428 65,786 67,391 72,666 85,020 IMF repurchases and charges 18 314 1,531 321 373 459 355 327 4,216 13,400 Short-term debt (interest only) .. 2,964 3,068 3,649 4,556 8,100 9,644 9,799 7,870 5,064 2..AGGREGATE NET RESOLURCE FLOW%S.A.Nt NET TRALNSFERS iLONG-TERM i NET RESOURCE FLOWS 2,148 13,102 27,026 82,353 90,398 108,095 126,254 127,685 82,838 89,216 Net flow of long-term debt (ex. WMF) 1,177 10,632 12,225 20,493 29,906 34,747 45,958 52,019 7,271 6,218 Foreign direct investmnent (net) 267 1,318 11,135 39,124 45,149 52,003 59,878 64,137 64,162 61,532 Portfolio equity flows 0 0 1,571 20,648 12,613 18,274 18,089 9,193 9,007 18,966 Grants (excluding technical coop.) 703 1,152 2,095 2,088 2,729 3,072 2,329 2,337 2,398 2,500 Memo: technical coop. grants 402 1,045 2,558 3,219 3,130 3,441 3,230 2,819 2,860 2,700 official net resource flows 1,317 4,186 8,306 10,086 7,771 11,782 5,578 18,241 15,589 15,269 private net resource flows 831 8,916 18,720 72,267 82,627 96,313 120,677 109,444 67,249 73,947 NET TRANSFERS 1,557 3,493 9,978 61,351 66,975 80,277 96,367 94,354 46,344 46,600 Interest on long-term debt 238 4,636 11,938 13,834 15,503 18,650 19,347 22,221 24,58 3 28,411 Profit renmittances on FDI 354 4,973 5,110 7,168 7,919 9,168 10,541 11,111 11,911 14,205 Memo: official net transfers 1,241 3,107 4,004 4,275 1,430 4,978 -621 12,048 8,744 7,497 private net transfers 316 386 5,973 57,075 65,546 75,300 96,988 82,306 37,600 39,103 3. r.1AJOR ECONONUIC ACC.REGATES Gross national product (GNP) 133,684 443,994 919,508 1,213,245 1,444,044 1,757,971 1,974,312 1,971,227 1,662,278 1,892,543 Exports of goods & services (XGS) ... 252,826 365,024 450,976 568,587 625,604 691,257 636,185 698,665 ofwhich workers remittances .. 310 1,116 1,143 1,587 1,780 3,272 6,389 1,318 856 Imports of goods & services (MGS) ... 261,293 396,330 473,031 612,339 679,185 693,599 548,493 645,593 Intemnational reserves (RES) ... 86,264 121,246 162,785 200,582 247,433 245,307 297,969 342,978 Current account balance ... -5,610 -26,287 -17,103 -39,670 -49,953 1,467 87,134 61,053 4. DEBT INDIC.ATORS EDT /XGS ()... 108.4 105.0 102.7 93.3 94.5 93.9 104.9 94.4 EDT /GNP(% . 21.2 29.8 31.6 32.1 30.2 30.0 32.9 40.2 34.8 TDS /XGS %)... 15.7 14.1 12.1 11.4 12.1 11.2 13.3 14.8 INT / XGS %)... 6.0 4.8 4.5 4.7 4.6 4.6 5.3 5.1 INT /GNP% .. 1.7 1.7 1.5 1.4 1.5 1.5 1.6 2.0 1.9 RES / EDT (). .. 31.5 31.7 35.2 37.8 41.8 37.8 44.6 52.0 R-ES /MGS (months) ... 4.0 3.7 4.1 3.9 4.4 4.2 6.5 6.4 Short-termn/ EDT (%) .. 26.8 17.9 22.1 24.7 29.0 31.5 28.3 17.8 16.1 Concessional /EDT (% . 18.4 28.1 24.4 21.7 19.4 16.8 12.0 13.7 27.9 Multilateral /EDT (%) .. 8.3 14.2 12.3 11.4 10.6 9.1 9.0 10.7 11.7 29 EAST ASIA AND PACIFIC (US$ million, unless otherwise indicated) 1970 1980 1990 1993 1994 1995 1996 1997 1998 1999 5. LONG-TERMN DEBT DEBT OUTSTANDING (LDOD) 7,987 66,674 222,811 297,212 347,379 375,527 403,845 447,245 517,051 530,541 Public and publicly guaranteed 5,808 55,620 195,775 247,459 267,168 283,719 287,186 304,499 337,690 364,954 Official creditors 3,719 27,349 117,606 150,801 163,387 170,492 162,774 160,007 182,553 199,059 Multilateral 497 7,818 38,789 47,278 52,808 56,464 53,812 58,366 71,197 77,244 Concessional 36 1,308 7,453 10,645 12,289 13,523 14,323 14,803 16,751 34,327 Bilateral 3,221 19,531 78,817 103,523 110,579 114,028 108,962 101,641 111,356 121,815 Concessional 2,803 16,002 69,464 82,817 88,222 89,173 84,734 63,233 74,390 149,812 Private creditors 2,090 28,271 78,169 96,658 103,781 113,227 124,412 144,492 155,138 165,895 Bonds 125 1,946 14,377 25,073 29,035 34,443 42,562 52,711 57,876 65,472 Comnmercial banks 329 13,889 38,073 39,713 40,688 44,311 43,646 54,814 69,937 67,473 Othffrprivate 1,636 12,437 25,719 31,873 34,059 34,473 38,203 36,966 27,325 32,950 Private nonguaranteed 2,179 11,054 27,035 49,753 80,212 91,809 116,659 142,746 179,361 165,587 Bonds 0 0 650 8,648 25,227 26,074 39,709 51,064 50,677 48,599 Comimercial banks 2,179 11,054 26,386 41,105 54,985 65,734 76,950 91,682 128,684 116,988 Memo: IBRD 444 4,952 23,416 26,267 28,397 30,075 28,079 29,699 35,490 38,185 IDA 33 961 5,228 7,571 8,767 9,774 10,545 10,983 12,203 12,814 DISBURSEMENTS 1,993 16,251 35,455 54,014 63,985 72,525 92,397 97,189 55,353 62,827 Plublic and publicly guaranteed 1,197 12,789 24,085 39,620 36,740 43,184 46,293 60,251 42,683 53,066 Official creditors 699 3,958 11,701 15,021 13,874 17,869 14,064 25,468 21,576 22,050 Multilateral 81 1,575 4,944 6,135 6,242 6,284 6,427 12,222 12,897 8,712 Concessional 8 151 1,027 1,244 1,177 1,336 1,536 1,448 1,311 1,348 Bilateral 619 2,383 6,757 8,887 7,632 11,585 7,638 13,246 8,679 13,338 Concessional 546 1,380 5,892 4,598 5,312 6,052 5,446 4,313 7,061 7,072 Private creditors 498 8,831 12,384 24,599 22,866 25,315 32,229 34,783 21,108 31,016 Bonds 0 280 1,834 7,668 8,290 8,903 13,901 14,036 7,781 11,177 Commercial banks 114 4,288 4,680 8,611 6,136 9,230 9,040 10,613 8,863 9,030 Other private 384 4,263 5,870 8,320 8,440 7,182 9,289 10,134 4,463 10,809 Private nonguaranteed 796 3,462 11,370 14,394 27,246 29,342 46,104 36,938 12,670 9,761 Bonds 0 0 530 4,419 13,729 10,721 18,428 16,039 1,798 2,640 Commercial banks 796 3,462 10,840 9,975 13,517 18,621 27,676 20,899 10,872 7,121 Memo: IBRD 64 1,047 2,677 3,451 3,444 3,312 3,095 6,465 6,964 4,892 IDA 5 92 604 922 904 934 1.135 1,013 920 705 PRINCIPAL REPAYMENTS 816 5,619 23,230 33,521 34,079 37,779 46,439 45,170 48,083 56,609 Public and publicly guaranteed 425 3,674 18,572 24,173 22,742 24,643 30,092 25,745 21,491 33,075 Official creditors 86 924 5,490 7,024 8,832 9,159 10,816 9,564 8,386 9,281 Multilateral 22 268 2,684 3,290 4,284 3,601 5,100 3,783 2,950 3,251 Concessional 0 7 80 132 147 132 142 137 142 188 Bilateral 64 656 2,806 3,735 4,548 5,558 5,716 5,781 5,436 6,030 Concessional 38 340 1,491 2,162 2,795 3,352 3,708 3,209 3,772 2,675 Private cireditors 339 2,750 13,082 17,150 13,909 15,485 19,276 16,181 13,105 23,794 Bonds 32 41 3,148 3,534 2,384 2,759 4,030 2,678 2,775 4,872 Commercial banks 40 795 6,014 7,628 5,763 6,253 10,320 8,802 6,706 13,002 Other private 268 1,913 3,921 5,988 5,763 6,472 4,926 4,701 3,624 5,920 Private nonguaranteed 391 1,945 4,658 9,348 11,338 13,135 16,347 19,426 26,592 23,534 Bonds 0 0 0 0 1,000 1,410 2,176 3,634 4,934 4,718 Commercial banks 391 1,945 4,658 9,348 10,338 11,725 14,171 15,792 21,658 18,816 Memo: IBRD 22 184 2,009 2,208 3,137 2,612 2,957 2,617 2,114 2,199 IDA 0 2 21 35 47 54 61 64 72 94 NET FLOWS ON DEBT 1,177 10,632 12,225 20,493 29,906 34,747 45,958 52,019 7,271 6,218 Public and publicly guaranteed 772 9,115 5,513 15,447 13,998 18,540 16,201 34,506 21,193 19,991 Official creditors 614 3,034 6,211 7,997 5,042 8,710 3,249 15,904 13,190 12,769 Multilateral 59 1,307 2,260 2,845 1,958 2,683 1,327 8,439 9,947 5,461 Concessional 8 144 947 1,112 1,030 1,204 1,395 1,312 1,170 1,160 Bilateral 555 1,727 3,951 5,152 3,084 6,026 1,921 7,466 3,243 7,308 Concessional 508 1,040 4,401 2,436 2,517 2,700 1,737 1,104 3,289 4,397 Private creditors 158 6,081 -698 7,449 8,956 9,830 12,953 18,602 8,003 7,222 Bonds -32 238 -1,314 4,134 5,906 6,143 9,871 11,358 5,006 6,305 Commercial banks 74 3,493 -1,333 983 372 2,977 -1,281 1,811 2,157 -3,972 Other private 116 2,350 1,950 2,332 2,677 710 4,363 5,433 839 4,889 Private nonguaranteed 405 1,517 6,712 5,046 15,908 16,206 29,757 17,512 -13,922 -13,773 Bonds 0 0 530 4,419 12,729 9,311 16,252 12,405 -3,136 -2,078 Commercial banks 405 1,517 6,182 627 3,179 6,896 13,505 5,107 -10,786 -11,695 Memo: IBRD 42 862 668 1,243 307 700 138 3,847 4,849 2,693 IDA 5 89 583 888 857 880 1,073 949 848 611 30 EAST ASIA AND PACIFIC (US$ million, unless otherwise indicated) 1970 1980 1990 1993 1994 1995 1996 1997 1998 1999 INTEREST PAYMENTS (LINT) 238 4,636 11,938 13,834 15,503 18,650 19,347 22,221 24,583 28,411 Public and publicly guaranteed 164 3,417 10,141 10,997 11,735 13,519 13,165 14,309 15,488 17,119 Official creditors 76 1,079 4,302 5,810 6,341 6,804 6,199 6,194 6,845 7,772 Multilateral 26 548 2,450 2,871 3,089 3,271 3,024 2,781 3,288 4,005 Concessional 0 12 64 100 ill 126 132 129 127 146 Bilateral 50 531 1,852 2,940 3,253 3,533 3,175 3,412 3,557 3,767 Concessional 40 295 1,217 1,943 2,018 2,191 1,899 1,762 1,604 1,887 Private creditors 88 2,338 5,840 5,187 5,394 6,716 6,966 8,115 8,644 9,347 Bonds 9 103 1,108 1,274 1,270 1,724 1,948 3,029 3,550 3,898 Commercial banks 1 2 1,340 3,017 2,132 1,992 2,759 2,811 2,753 3,079 3,928 Other private 67 895 1,715 1,781 2,132 2,233 2,208 2,334 2,015 1,521 Private nonguaranteed 73 1,219 1,797 2,837 3,768 5,130 6,182 7,911 9,095 11,292 Bonds 0 0 6 188 912 1,770 2,347 3,395 3,584 3,557 Comnmercial banks 73 1,219 1,791 2,650 2,857 3,360 3,834 4,517 5,511 7,735 Memo: IBRD 25 406 1,783 1,945 2,075 2,168 2,033 1,866 2,142 2,466 IDA 0 7 35 49 60 70 73 76 77 86 NET TRANSFERS ON DEBT 939 5,996 287 6,658 14,403 16,097 26,611 29,798 -17,312 -22,193 Public and publicly guaranteed 608 5,698 -4,628 4,450 2,263 5,021 3,036 20,197 5,705 2,872 Official creditors 538 1,955 1,910 2,187 -1,300 1,906 -2,951 9,711 6,346 4,997 Multilateral 33 759 -190 -26 -1,131 -588 -1,697 5,657 6,659 1,456 Concessional 8 132 883 1,013 920 1,078 1,263 1,183 1,042 1,014 Bilateral 505 1,196 2,099 2,213 -169 2,494 -1,254 4,053 -314 3,541 Concessional 468 746 3,184 493 499 509 -162 -658 1,685 2,510 Private creditors 70 3,743 -6,537 2,263 3,562 3,115 5,987 10,486 -641 -2,125 Bonds -41 135 -2,422 2,861 4,636 4,419 7,923 8,329 1,457 2,407 Commercial banks 61 2,153 -4,350 -1,148 -1,620 218 -4,091 -941 -921 -7,900 Other private 50 1,454 234 551 546 -1,522 2,155 3,099 -1,177 3,368 Private nonguaranteed 332 298 4,915 2,209 12,140 11,076 23,575 9,601 -23,017 -25,065 Bonds 0 0 524 4,232 11,817 7,541 13,905 9,010 -6,720 -5,635 Commnercial banks 332 298 4,391 -2,023 323 3,536 9,670 590 -16,297 -19,430 Memo: IBRD 17 457 -1,115 -702 -1,768 -1,469 -1,895 1,982 2,707 227 IDA 5 82 548 839 797 811 1,000 873 771 525 DEBT SERVICE (LTDS) 1,053 10,256 35,168 47,356 49,583 56,428 65,786 67,391 72,666 85,020 Public and publicly guaranteed 589 7,091 28,713 35,171 34,477 38,163 43,257 40,054 36,979 50,194 Official creditors 162 2,003 9,791 12,834 15,174 15,963 17,015 15,757 15,230 17,053 Multilateral 48 816 5,134 6,161 7,372 6,872 8,124 6,564 6,237 7,256 Concessional 0 20 144 232 257 257 274 265 269 334 Bilateral 114 1,187 4,658 6,674 7,801 9.091 8,891 9,193 8,993 9,797 Concessional 78 634 2,708 4,105 4,812 5,543 5,608 4,971 5,376 4,562 Private creditors 427 5,088 18,922 22,336 19,303 22,200 26,243 24,296 21,749 33,141 Bonds 41 144 4,256 4,808 3,654 4,484 5,978 5,707 6,325 8,770 Commercial banks 52 2,135 9,031 9,759 7,755 9,012 13,131 11,554 9,784 16,930 Other private 334 2,809 5,636 7,769 7,894 8,704 7,134 7,035 5,640 7,441 Private nonguaranteed 464 3,165 6,455 12,185 15,106 18,266 22,529 27,337 35,687 34,826 Bonds 0 0 6 188 1,912 3,180 4,523 7,029 8,518 8,275 Commercial banks 464 3,165 6,449 11,997 13,194 15,085 18,006 20,309 27,169 26,551 Memo: IBRD 46 590 3,792 4,153 5,212 4,780 4,990 4,483 4,256 4,665 IDA 0 9 56 84 107 124 135 140 149 180 UNDISBURSED DEBT 2,096 29,817 46,995 59,731 65,473 70,833 68,445 67,280 67,790 Official creditors 1,481 21,001 34,874 44,249 51,181 54,916 52,162 53,038 61,320 Private creditors 615 8,815 12,121 15,482 14,293 15,917 16,282 14,242 6,470 Memorandum itemis Concessional LDOD 2,839 17,310 76,918 93,462 100,511 102,695 99,056 78,037 91,141 184,139 Variable rate LDOD 2,205 25,278 82,156 107,962 143,740 162,280 187,797 235,213 294,674 Public sector LDOD 4,788 46,077 188,759 236,289 258,638 274,602 277,110 296,226 261,576 Private sector LDOD 3,199 17,240 30,137 54,078 82,238 94,386 120,103 144,160 247,999 6. CUIRRENCY CON.IPOSITION OF LONG-TERM DEBRri' IPERCENT i Deutsche mark 7.1 5.0 3.7 2.4 2.8 2.8 2.5 2.3 2.4 French franc 2.6 3.2 2.3 1.6 1.6 1.6 1.5 1.2 1.8 Japanese yen 7.3 18.0 28.8 29.1 30.3 28.4 24.9 21.7 23.4 Pound sterling 4.7 1.7 0.9 0.6 0.5 0.4 0.5 0.7 0.6 Swiss franc 0.8 1.0 0.9 0.6 0.6 0.5 0.4 0.3 0.2 U.S.dollars 50.4 40.8 24.0 32.1 31.9 36.0 41.9 51.5 40.7 Multiple currency 8.0 16.6 22.0 19.4 18.9 18.0 16.3 13.3 7.3 Special drawing rights 0.0 0.0 0.1 0.1 0.1 0.1 0.1 0.1 0.2 All other currencies 19.1 7.6 15.3 11.4 10.7 9.9 9.8 6.8 6.0 31 EAST ASIA AND PACIFIC (US$ million, unless otherwise indicated) 1970 1980 1990 1993 1994 1995 1996 1997 1998 1999 7. DEBT RESTRUCTURINGS Total amount rescheduled 0 0 1,478 934 0 329 179 747 25,283 Debt stock rescheduled 0 0 0 69 0 0 0 0 27,002 Principal rescheduled 0 0 848 531 0 170 115 410 496 Official 0 0 172 272 0 156 115 15 307 Private 0 0 676 259 0 14 0 395 189 Interest rescheduled 186 204 0 104 4 305 5 Official 0 0 107 112 0 104 4 2 5 Private 0 0 80 92 0 0 0 303 0 Debt forgiven 0 45 0 30 0 44 9 1 6 Memo: interest forgiven 0 0 0 20 0 7 0 0 0 Debt stock reduction 0 0 1,803 0 0 0 0 249 0 of whichdebtbuyback 0 0 721 0 0 0 0 31 0 f. DEBrT STOCK-FLOW RECONCILLATION Total change in debt stocks 32,848 38,561 79,970 67,470 60,802 57,583 18,592 Netflows on debt 3,072 18,320 20,041 33,174 59,242 73,872 78,238 67,934 -18,424 -15,404 Netchangein interest arrears .. .. 521 -96 378 167 247 -1,324 239 Interest capitalized .. .. 186 204 0 104 4 305 5 Debt forgiveness or reduction .. .. -1,082 -30 0 -44 -9 -219 -6 Cross-currency valuation .. .. 10,426 7,931 15,246 -909 -14,673 -15,017 15,184 Residual .. .. 2,755 -2,621 5,105 -5,720 -3,004 5,903 21,595 9. AVERAGE TERNIS OF NE\\ CONL1IITMENTS ALL CREDITORS Interest (%) 5.0 9.7 6.7 5.3 5.3 5.7 5.9 6.0 5.9 Maturity (years) 22.9 16.2 19.1 15.3 16.5 14.7 14.3 12.7 14.0 Grace period (years) 6.3 4.8 5.4 4.6 5.6 5.1 5.6 5.2 5.1 Grantelement(%) 35.4 6.6 22.6 25.3 27.7 23.8 22.0 20.1 23.1 Official creditors Interest (%) 4.1 6.0 5.0 4.8 4.8 5.3 4.7 5.8 4.8 Maturity (years) 28.5 22.7 24.5 21.6 22.7 21.9 23.6 18.8 19.0 Graceperiod(years) 7.4 6.8 7.1 5.9 6.3 5.6 6.2 5.7 5.6 Grant element (%) 45.6 29.1 37.5 36.1 36.8 32.5 38.3 26.8 32.1 Private creditors Interest (%) 6.8 13.0 8.4 5.6 5.7 6.0 6.5 6.2 7.4 Maturity (years) 12.2 10.3 13.6 11.1 11.3 8.7 10.0 7.8 7.0 Grace period (years) 4.4 2.9 3.6 3.8 4.9 4.7 5.2 4.7 4.4 Grant element (%) 15.8 -13.8 7.3 18.2 20.1 16.5 14.6 14.7 10.5 Memorandum items Commitments 1,729 19,472 26,928 50,029 42,160 51,553 49,302 59,384 40,916 Official creditors 1,138 9,239 13,644 19,736 19,316 23,360 15,441 26,428 23,755 Private creditors 591 10,232 13,284 30,293 22,845 28,193 33,861 32,957 17,161 10. (;RAPH OF AGGREGATE NET RESOURCE FLOWS (currentprices, US$ million) Aggregate Net Resource Flows Private Flows Official Flows 140,000 -...... ...... . ..... ... .. 1999 E_ _ 1999 120,000 / 1998 * 1998 100,000 - 1997 1997 80,000- .: 1996 1996 60,000- 1995 1995 1994 1994 1993 1993 20,000 . 1992 19 1992 1993 1994 1995 1996 1997 1998 1999 -20,000 0 20,000 40,000 60,000 80,000 100,000 0 2,000 4,000 6,000 8,000 10,000 12,000 0 Private flows 0 Cfficial flows 03 Private non-debt flows 0 Prvate debt flows * Multilateral U3 Bilateral Z Grants 32 EUROPE AND CENTRAL ASIA (US$ million, unless otherwise indicated) 1970 1980 1990 1993 1994 1995 1996 1997 1998 1999 1. SUMMIARN DEBTI DATA% TOTAL DEBT STOCKS (EDT) 75,394 220,428 308,939 326,029 352,457 369,566 390,507 480,539 485,916 Long-term debt (LDOD) 3,965 56,196 178,266 258,196 277,201 289,905 296,342 311,176 374,244 382,773 Public and publicly guaranteed 3,069 44,656 173,345 246,092 262,578 270,877 268,976 269,127 293,468 296,571 Private nonguaranteed 896 11,540 4,921 12,103 14,624 19,028 27,366 42,050 80,775 86,202 Use of IMF credit 74 2,143 1,305 8,449 11,725 16,942 20,052 21,195 27,661 24,523 Short-term debt 17,055 40,857 42,294 37,103 45,610 53,172 58,136 78,635 78,620 of which interest arrears on LDOD 312 13,041 7,057 7,079 8,345 9,832 5,320 7,666 12,029 Official creditors 13 6,573 1,065 1,872 2,328 2,542 2,657 4,155 Private creditors 299 6,468 5,992 5,207 6,018 7,290 2,663 3,511 Memo: principal arrears on LDOD 56 6,326 16,386 20,670 30,493 32,828 14,463 15,257 20,256 Official creditors 21 4,584 2,644 4,439 8,204 8,188 8,312 8,557 Private creditors .. 35 1,742 13,743 16,231 22,289 24,640 6,151 6,701 Memo: export credits 10 66,608 85,217 84,532 88,987 88,389 83,272 92,902 TOTAL DEBT FLOWS Disbursements 1,082 21,007 30,164 30,893 26,193 36,046 45,267 54,037 66,444 39,566 Long-term debt 1,007 19,768 29,417 28,605 21,607 27,892 40,050 50,665 59,037 36,716 IMF purchases 75 1,238 748 2,288 4,586 8,154 5,217 3,372 7,407 2,850 Principal repayments 584 7,131 19,817 11,989 18,686 22,822 23,293 24,511 33,747 29,252 Long-termn debt 512 6,802 19,085 11,770 16,794 19,774 21,773 23,566 31,681 23,264 IiMF repurchases 72 329 732 219 1,893 3,047 1,520 945 2,066 5,988 Net flows on debt 1,486 22,062 3,223 23,916 2,493 21,267 28,050 39,002 39,939 8,858 of which short-term debt 8,186 -7,125 5,012 -5,013 8,042 6,076 9,475 7,242 -1,456 Interest payments (INT) .. 5,396 12,333 8,979 10,075 14,570 16,049 17,599 19,129 24,487 Long-term debt 148 3,409 9,650 7,065 8,066 11,950 12,979 14,176 15,238 19,301 RIME charges 0 103 128 416 500 711 783 909 1,059 1,381 Short-term debt .. 1,884 2,555 1,498 1,510 1,909 2,288 2,514 2,832 3,805 Net trantsfers on debt 16,666 -9,110 14,936 -7,582 6,697 12,001 21,403 20,810 -15,629 Total debt service paid (TDS) 12,527 32,149 20,969 28,762 37,391 39,342 42,110 52,876 53,739 Long-termndebt 660 10,211 28,735 18,835 24,860 31,724 34,752 37,742 46,919 42,565 I!MF repurchases and charges 72 432 860 636 2,392 3,758 2,302 1,854 3,124 7,369 Short-termn debt (interest only) .. 1,884 2,555 1,498 1,510 1,909 2,288 2,514 2,832 3,805 2..AGGREGA FrE NETr RE'SOuiRCE FLO%%S AND NET TRANSFERS iLONG-'TFRNM NET RESOURCE FLOWS 608 13,277 12,591 32,281 22,710 36,914 48,454 59,849 59,562 45,063 Net flow of long-term debt (ex. TvMF 495 12,966 10,332 16,836 4,814 8,118 18,277 27,099 27,356 13,452 Foreign direct investment (net) 58 28 1,051 6,335 7,014 16,885 15,825 22,838 24,350 24,020 Portfolio equity flows 0 0 185 984 2,200 2,729 8,345 4,808 2,904 2,841 Grants (excluding technical coop.) 56 283 1,023 8,126 8,682 9,183 6,007 5,105 4,953 4,750 Memo: technical coop. grants 47 156 415 2,803 2,781 4,653 4,082 2,804 4.204 3.500 official net resource flows 346 3,405 4,942 11,693 11,813 10,706 11,244 9,217 6,220 6,939 private net resource flows 262 9,872 7,649 20,587 10,897 26,208 37,210 50.633 53,342 38,124 NET TRANSFERS 426 9,837 2,723 24,427 13,785 24,046 34,241 44,232 42,563 23,466 Interest on long-term debt 148 3,409 9,650 7,065 8,066 11,950 12,979 14,176 15,238 19,301 Profit remittances on FDI 34 3 1 218 788 858 918 1,235 1.441 1,761 2,296 Memo: official net transfers 272 2,636 2,704 9,133 8,953 5,931 5,961 3,437 1,528 1,957 private net transfers 154 7,201 18 15,294 4,832 18,116 28,279 40,796 41,035 21,509 31. MAJOR ECONOMIC AG;GREGATES Gross nationial product (GNP) ...1,187,761 987,671 861,162 971,626 1,100,870 1,125,495 988,917 1,152,533 Exports of goods & services (XGS) ... . 209,427 242,082 306,456 343,232 364,968 359,206 363,478 of which workers remiittances ... .. . 4,974 5,495 5,950 7,411 7,568 Imports of goods & services (MGS) ... . 238,234 245,507 322,180 369,644 401,506 396,269 364,256 Intemnational reserves (RES) ... . 40,388 47,968 89,944 93,350 99,524 103,066 107,921 Current account balance ... -17,319 4,605 -5,238 -15,131 -24,588 -24,278 -15,337 4. DEBT INDICATORS EDT /XGS (% .. . 147.5 134.7 115.0 107.7 107.0 133.8 133.7 EDT /GNP(% ... 18.6 31.3 37.9 36.3 33.6 34.7 48.6 42.2 TDS /XGS(% ... 10.0 11.9 12.2 11.5 11.5 14.7 14.8 INT IXGS(% ... 4.3 4.2 4.8 4.7 4.8 5.3 6.7 INT /GNP(% ... 1.0 0.9 1.2 1.5 1.5 1.6 1.9 2.1 RES /EDT (% .. . 13.1 14.7 25.5 25.3 25.5 21.5 22.2 RES / MGS (months) ... . 2.0 2.3 3.4 3.0 3.0 3.1 3.6 Short-term /EDT (%) .. 22.6 18.5 13.7 11.4 12.9 14.4 14.9 16.4 16.2 Concessional / EDT (% . 9.0 5.7 7.7 7.2 7.2 6.8 5.6 5.0 5.0 Multilateral / EDT (%) .. 5.8 7.6 6.8 7.3 7.5 7.3 7.4 6.6 7.0 33 EUROPE AND CENTRAL ASIA (US$ million, unless uiherwise indicated) 1970 1980 1990 1993 1994 1995 1996 1997 1998 1999 5. LONG- lERJM DEBI' DEBT OUTSTANDING (LDOD) 3,965 56,196 178,266 258,196 277,201 289,905 296,342 311,176 374,244 382,773 Public and publicly guaranteed 3,069 44,656 173,345 246,092 262,578 270,877 268,976 269,127 293,468 296,571 Official creditors 2,647 18,377 64,506 126,380 138,795 139,113 140,343 135,049 143,639 142,391 Multilateral 635 4,363 16,728 20,851 23,632 26,315 26,942 29,029 31,748 34,152 Concessional 113 242 920 1,249 1,406 1,815 2,018 2,326 2,900 3,582 Bilateral 2,013 14,015 47,779 105,530 115,163 112,798 113,402 106,020 111,891 108,239 Concessional 1,739 6,516 11,731 22,499 22,045 23,714 23~016 19,532 21,187 20,698 Private creditors 422 26,279 108,839 119,712 123,782 131,764 128,633 134,078 149,830 154,180 Bonds 41 200 11,902 25,107 42,948 46,942 45,898 47,761 62,073 67,969 Commercial banks 10 16,727 66,609 57,067 44,727 48,900 51,661 68,109 70,925 69,824 Other private 371 9,352 30,328 37,538 36,108 35,923 31,075 18,209 16,832 16,387 Private nonguaranteed 896 11,540 4,921 12,103 14,624 19,028 27,366 42,050 80,775 86,202 Bonds 0 0 16 50 149 188 851 3,622 5,815 8,741 Commercial banks 896 11,540 4,905 12,053 14,474 18,840 26,515 38,428 74,961 77,461 Memo: IBRD 297 3,323 10,272 11,764 14,078 16,057 16,798 19,187 20,952 22,319 IDA 83 189 157 192 310 669 1,117 1,483 1,99 1 2,482 DISBURSEMENTS 1,007 19,768 29,417 28,605 21,607 27,892 40,050 50,665 59,037 36,716 Public and publicly guaranteed 540 16,470 27,656 23,884 17,778 21,294 28,366 30,977 37,346 27,419 Official creditors 480 4,768 7,063 6,471 6,410 6,538 11,055 9,272 8,846 8,591 Multilateral 163 1,023 2,380 4,308 3,660 4,409 5,212 6,549 5,363 5,190 Concessional 7 10 14 158 174 439 525 597 581 724 Bilateral 317 3,745 4,683 2,163 2,750 2,130 5,843 2,723 3,482 3,401 Concessional 271 1,642 941 675 880 1,073 1,133 933 1,225 798 Private creditors 61 11,702 20,593 17,414 11,368 14,756 17,311 21,706 28,500 18,828 Bonds 0 80 1.959 8.531 4.152 5,791 6,376 9,868 18,577 11,319 Comimercial banks 0 5,064 4,350 2,538 3,091 5,222 7,477 8,592 6,911 4,723 Other private 61 6,559 14,284 6,344 4,125 3,743 3,457 3,247 3,012 2,786 Private nonguaranteed 466 3,298 1,761 4,721 3,830 6,598 11,684 19,688 21,691 9,297 Bonds 0 0 0 0 99 36 671 2,894 2,146 2,927 Commercial banks 466 3,298 1,761 4,721 3,730 6,562 11,013 16.794 19,546 6,370 Memo: IBRD 55 833 1,218 1,709 2,619 2,696 3,326 4,677 3,357 2,624 IDA 7 0 0 49 117 370 477 433 449 497 PRINCIPAL REPAYMENTS 512 6,802 19,085 11,770 16,794 19,774 21,773 23,566 31,681 23,264 Public and publicly guaranteed 305 4,761 17,588 10,528 14,326 16,879 18,243 17,231 24,478 19,394 Official creditors 189 1,646 3,144 2,903 3,279 5,015 5,819 5,160 7,578 6,402 Multilateral 81 154 1,455 1,832 2,072 3,033 3,060 2,435 3,709 2,519 Concessional 23 2 23 27 46 66 197 140 131 11 Bilateral 108 1,492 1,690 1,071 1,207 1,982 2,759 2,725 3,868 3.883 Concessional 47 477 433 545 493 524 522 690 836 709 Private creditors 116 3,115 14,443 7,625 11,046 11,864 12,424 12,071 16,900 12,992 Bonds 2 15 66 722 1,564 3,791 4,647 3,618 6,338 6,402 Commercial banks 2 1,367 8,785 4,235 5,970 4,306 4,737 5,601 6,679 3,827 Other private 112 1,733 5,593 2,669 3,512 3,767 3,040 2,852 3,883 2,763 Private nonguaranteed 208 2,041 1,497 1,242 2,468 2,895 3,530 6,335 7,203 3,870 Bonds 0 0 0 16 0 0 0 86 0 0 Commercial banks 208 2,041 1,497 1,226 2,468 2,895 3,530 6,250 7,203 3,870 Memo: IBRD 1 3 133 1,133 943 1,129 1,191 1,605 1,187 2,233 1,258 IDA 0 1 4 6 6 6 6 6 6 6 NET FLOWS ON DEBT 495 12,966 10,332 16,836 4,814 8,118 18,277 27,099 27,356 13,452 Public and publicly guaranteed 236 11,710 10,068 13,356 3,452 4,415 10,123 13,747 12,868 8,025 Official creditors 291 3,122 3,919 3,568 3,131 1,523 5,237 4,111 1,268 2,189 Multilateral 82 869 925 2,476 1,588 1,376 2,152 4,114 1,654 2,671 Concessional -15 9 -10 131 128 373 327 457 450 713 Bilateral 209 2,253 2,994 1,092 1,543 147 3,085 -3 -386 -482 Concessional 224 1,165 507 129 388 548 611 243 389 89 Private creditors -55 8,588 6,149 9,789 322 2,892 4,886 9,635 11,601 5,836 Bonds -2 65 1,893 7,810 2,589 2,000 1,729 6,250 12,239 4,917 Commercial banks -2 3,698 -4,435 -1,696 -2,880 916 2,740 2,991 233 896 Other private -51 4,825 8,691 3,676 613 -24 418 395 -871 23 Private nonguaranteed 259 1,257 264 3,480 1,361 3,703 8,154 13,353 14,488 5,427 Bonds 0 0 0 -16 99 36 671 2,808 2,146 2,927 Commercial banks 259 1,257 264 3,496 1,262 3,667 7,483 10,544 12,342 2,500 Memo: IBRD 42 700 85 766 1,490 1,505 1,722 3,490 1,124 1,366 IDA 7 -1 -4 43 ill 364 471 427 443 491 34 EUROPE AND CENTRAL ASIA (US$ million, unless otherwise indicated) 1970 1980 1990 1993 1994 1995 1996 1997 1998 1999 INTEREST PAYMENTS (LINT) 148 3,409 9,650 7,065 8,066 11,950 12,979 14,176 15,238 19,301 Public and publicly guaranteed 115 2,561 9,209 6,756 7,583 11,263 12,104 13,106 12,414 13,877 Official creditors 74 769 2,238 2,561 2,860 4,775 5,283 5,780 4,692 4,982 Multilateral 24 298 1,207 1,283 1,451 1,552 1,767 1,607 1,753 1,871 Concessional 2 4 39 45 53 51 45 37 38 43 Bilateral 50 471 1,031 1,277 1,409 3,224 3,515 4,173 2,939 3,111 Concessional 35 153 246 648 577 804 806 841 793 859 Private creditors 40 1,792 6,971 4,195 4,724 6,487 6,821 7.326 7,722 8,895 Bonds 1 36 739 1,487 2,105 3,301 3,109 3,069 3,664 4,762 Comimercial banks 1 1,176 4,743 2,050 1,514 1,917 2,592 3,338 3,207 3,340 Other private 38 580 1,489 658 1,105 1,269 1,120 920 851 793 Private nonguaranteed 34 849 442 310 483 687 874 1,070 2,825 5,424 Bonds 0 0 1 2 2 13 16 54 259 416 Commercial banks 34 849 440 308 481 674 858 1,016 2,566 5,008 Memo: IBRD 16 257 809 731 844 938 1,181 1,032 1,136 1,220 IDA 1 1 1 1 2 3 5 8 1 1 14 NET TRANSFERS ON DEBT 346 9,557 682 9,770 -3,253 -3,832 5,298 12,923 12,118 -5,849 Public and publicly guaranteed 121 9,149 860 6,601 -4,131 -6,848 -1,981 640 455 -5,852 Official creditors 217 2,353 1,681 1,007 272 -3,252 -46 -1,669 -3,425 -2,793 Multilateral 58 571 -281 1,192 137 -176 384 2,508 -100 800 Concessional -17 5 -48 86 75 322 282 420 411 670 Bilateral 159 1,782 1,963 -185 134 -3,077 -430 -4,176 -3,325 -3,593 Concessional 189 1,013 261 -519 -189 -255 -195 -597 -403 -770 Private creditors -95 6,796 -822 5,594 -4,402 -3,595 -1,935 2,309 3,880 -3,059 Bonds -4 30 1,154 6,323 484 -1,301 -1,380 3,181 8,576 155 Commercial banks -3 2,522 -9,178 -3,746 4,394 -1,002 148 -347 -2,975 -2,444 Other private -89 4,245 7,202 3,017 -493 -1,293 -703 -525 -1,722 -770 P'rivate nonguaranteed 225 408 -178 3,169 879 3,016 7,280 12,283 11,663 3 Bonds 0 0 -1 -18 98 23 655 2,755 1,887 2,511 Commercial banks 225 408 -176 3.188 781 2,993 6,625 9.528 9.776 -2,508 Memo: IBRD 26 443 -724 35 646 566 541 2,459 -12 146 IDA 7 -2 -5 42 110 362 466 419 431 477 DEBT SERVICE (LTDS) 660 10,211 28,735 18,835 24,860 31,724 34,752 37,742 46,919 42,565 Public and publicly guaranteed 419 7,321 26,797 17,283 21,908 28,142 30,347 30,337 36,891 33,271 Official creditors 263 2,415 5,382 5,464 6,139 9,791 11,102 10,940 12,270 11,384 Multilateral 105 452 2,662 3,116 3,523 4,585 4,828 4,041 5,463 4,390 Concessional 25 6 62 72 99 117 243 177 169 54 Bilateral 158 1,963 2,720 2,348 2,616 5,206 6,274 6,899 6,807 6,994 Concessional 82 629 680 1,193 1,069 1,328 1,328 1,530 1,628 1,568 Private creditors 156 4,906 21,414 11,820 15,770 18,352 19,246 19,397 24,621 21,887 Bonds 4 50 804 2,208 3,668 7,092 7,757 6,687 10,001 11,164 Commercial banks 3 2,542 13,528 6,285 7,484 6,223 7,329 8,939 9,886 7,167 Other private 150 2,314 7,083 3,327 4,617 5,036 4,160 3,772 4,734 3,556 Private nonguaranteed 241 2,890 1,939 1,552 2,951 3,582 4,405 7,405 10,028 9,294 Bonds 0 0 1 18 2 13 16 139 259 416 Commercial banks 241 2,890 1,937 1,533 2,949 3,569 4,389 7,266 9,770 8,878 Memo: IBRD 29 389 1,943 1,674 1,973 2,130 2,785 2,218 3,369 2,478 IDA 1 3 5 7 7 9 11 14 17 20 UNDISBURSED DEBT 1,835 13,650 17,081 30,684 30,359 32,538 34,093 30,412 30,169 Official creditors 1,613 6,155 9,330 18,502 19,402 21,126 22,570 21,170 21,297 Private creditors 222 7,496 7,750 12,182 10,957 11,412 11,523 9,242 8,872 Memorandum iteins Concessional LDOD 1,851 6,758 12,652 23,748 23,451 25,529 25,034 21,859 24,087 24,280 Variable rate LDOD 952 25,866 89,476 135,506 135,839 144,551 150,717 179,092 222,106 Public sector LDOD 2,843 43,792 171,643 244,515 260,825 268,514 266,001 266,051 289,986 Private sector LDOD 1,122 12,379 5,982 13,201 15,803 20,954 29,523 43,137 84,720 6. CUIRRE N(Y ('COMPOSITION OF LONG-TER,M DEBT i PER': ENT i Deutsche mark 16.0 11.1 25.0 21.0 20.6 22.2 22.9 20.5 21.7 French franc 2.7 9.3 5.0 3.3 3.1 3.3 3.4 2.6 2.5 Japanese yen 0.1 2.4 7.5 8.6 9.2 9.6 9.3 7.3 6.5 Pound sterling 5.0 2.6 1.8 1.2 0.9 0.8 0.9 0.7 0.7 Swiss franc 1.4 4.6 6.5 3.1 2.0 2.1 1.7 0.7 0.5 U.S.dollars 44.7 42.0 32.1 44.6 45.4 42.8 44.4 53.9 53.4 Multiple currency 15.2 21.6 10.5 8.0 9.1 9.8 9.9 8.6 8.0 Special drawing rights 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 All other currencies 14.9 6.3 11.3 10.1 9.6 9.2 7.2 5.4 5.2 35 EUROPE AND CENTRAL ASIA (US$ million, unless otherwise indicated) 1970 1980 1990 1993 1994 1995 1996 1997 1998 1999 7. DEBT RESTRUCTU'RINGS Total amount rescheduled 0 1,757 3,559 28,061 22.520 11,594 10,442 36,108 5,529 Debt stock rescheduled 0 0 0 2,259 6,903 225 1,735 1,235 151 Principal rescheduled 0 20 1,391 13,085 6,394 7,461 6,288 29,068 3,966 Official 0 17 746 3,708 495 4,029 2,988 3,753 2,875 Private 0 3 645 9,377 5,898 3,432 3,300 25,315 1,091 Interest rescheduled 2,168 6,380 5,709 1,381 1,151 5,356 530 Official 0 7 1,998 2,341 762 777 525 587 373 Private 0 1 170 4,039 4,947 604 626 4,769 158 Debt forgiven 0 0 233 664 3,800 3 580 56 99 Memo: interest forgiven 0 0 61 0 0 0 15 3 13 Debtstockreduction 0 0 1,779 1,674 7,680 146 17 1,819 0 of which debt buyback 0 0 883 0 1,379 30 0 0 0 8. DEBT STOCK-FLO%$ RECONCILIATION Total change in debt stocks 21,722 55,741 17,091 26,428 17,109 20,940 90,034 Net flows on debt 1,486 22,062 3,223 23,916 2,493 21,267 28,050 39,002 39,939 8,858 Netchangeininterestarrears .. .. 5,211 -2,253 23 1,266 1,486 -4,512 2,346 Interest capitalized .. .. 2,168 6,380 5,709 1,381 1,151 5,356 530 Debt forgiveness or reduction .. .. -1,130 -2,338 -10,101 -119 -597 -1,875 -99 Cross-currency valuation .. .. 13,095 -5,867 10,467 6,760 -11,515 -12,903 8,238 Residual .. .. -846 35,901 8,499 -4,128 -1,466 -4,127 39,079 9. A ERAGE TERMIS OF NE%V CONlMTMiENYS ALL CREDITORS Interest (%) 4.2 10.3 8.4 6.0 6.7 6.3 6.5 6.9 7.5 Maturity (years) 19.2 12.4 16.6 10.0 12.0 11.7 11.2 10.3 11.9 Grace period (years) 6.8 4.3 5.5 4.8 4.7 4.8 4.1 4.8 8.0 Grant element (%) 37.3 1.7 8.3 17.0 16.2 17.9 16.0 14.8 10.6 Official creditors Interest (%) 3.8 7.6 7.9 5.3 6.3 5.7 5.4 5.6 5.4 Maturity (years) 20.1 16.7 13.5 14.9 15.4 16.6 14.8 17.0 16.8 Grace period (years) 7.3 5.2 5.9 4.9 4.9 5.1 4.9 5.4 5.5 Grant element (%) 40.3 18.7 11.8 25.8 21.1 25.8 25.4 27.1 28.5 Private creditors Interest (%) 6.3 11.2 8.6 6.3 7.0 6.7 7.5 7.4 8.2 Maturity (years) 13.3 10.9 18.0 7.8 9.2 8.3 8.1 7.1 10.3 Grace period (years) 3.6 4.1 5.3 4.8 4.6 4.6 3.5 4.6 8.8 Grantelement(%) 18.2 4.4 6.6 13.0 12.1 12.7 8.2 8.9 4.8 Memorandum items Commitments 759 12,607 30,568 28,431 18,588 23,220 33,651 31,625 37,261 Official creditors 654 3,332 9,598 8,872 8,433 9,318 15,370 10,232 9,135 Private creditors 105 9,275 20,970 19,559 10,156 13,902 18,281 21,394 28,126 10. GR.APH OF AGGREGATE NET RESOURCE FLOWS (current prices, US$ million) Aggregate Net Resource Flows Private Flows Official Flows 70,000 1999 .. 1999 60,0001 1998 1998 50,000 I 99 so,ooo - ; 8f!~~~~~~~_ 1 997 , :-=-.l! - > ......... :;:F: ,i?....1 997 40,000 1 1996 30,000-, 199 1995 1994 1994 20,000~ ~ /I 10,000 199 t .1993_-) 1992 ~~~~~~~~~1992[ 1992 1993 1994 1995 1996 1997 1998 1999 0 5,000 10,000 15,000 20,000 25,000 30,000 -2,000 0 2,000 4,000 6,000 8,000 10,000 * Private flows E Official flows ae Private non-debt flows O Prvate debt flows * Multilateral B Bilateral cl Grants 36 LATIN AMERICA AND THE CARIBBEAN (US$ million, unless otherwise indicated) 1970 1980 1990 1993 1994 1995 1996 1997 1998 1999 1. SUNINIARY DEDI DATA TOTAL DEBT STOCKS (EDT) 257,259 475,867 548,994 588,279 652,539 676,287 714,256 786,019 792,652 Long-term debt (LDOD) 27,631 187,249 380,169 423,956 456,485 495,135 527,145 558,694 640,533 649,000 Public and publicly guaranteed 15,758 144,791 355,117 366,703 384,221 407,799 410,301 394,726 424,246 440,630 Private nonguaranteed 11,873 42,458 25,051 57,253 72,265 87,336 116,844 163,967 216,287 208,370 Use of IMF credit 128 1,413 18,298 14,255 13,849 26,719 23,892 18,563 21,969 21,020 Short-term debt 68,597 77,400 110,783 117,945 130,685 125,250 137,000 123,518 122,632 of which interest arrears on LDOD 60 25,566 18,019 12,702 9,538 3,219 2,603 3,636 3,631 Official creditors 16 3,852 3,129 2,998 2,809 1,523 1,468 1,547 Private creditors .. 44 21,713 14,890 9,704 6,728 1,696 1,135 2,090 Memo: principal arrears on LDOD 606 24,553 20,679 20,381 16,529 8,053 8,010 8,289 8,291 Official creditors .. 78 7,370 5,564 6,570 6,054 3,319 3,222 3,286 Private creditors 528 17,183 15,115 13,811 10,474 4,734 4,788 5,003 Memo: export credits .. 554 72,068 91,842 95,693 79,014 73,753 68,108 71,733 TOTAL DEBT FLOWS Disbursenients 6,493 44,779 34,238 57,678 52,322 90,950 103,247 123,538 144,195 97,412 Long-term debt 6,368 44,364 29,402 55,008 51,155 75,178 101,792 122,761 139,159 89,546 IMF purchases 124 415 4,836 2,671 1,166 15,772 1,455 777 5,036 7,866 P'rincipal repayments 3,734 21,694 22,791 36,711 36,105 43,458 66,244 91,496 78,992 87,114 Long-term debt 3,436 21,202 19,137 33,158 33,662 40,563 62,816 86,788 76,460 78,299 IMFrepurchases 298 492 3,655 3,553 2,442 2,894 3,428 4,709 2,532 8,815 Net flow~s on debt 7,545 46,074 20,564 41,036 28,696 63,396 37,886 44,409 50,681 9,417 of which short-term debt 22,989 9,118 20,069 12,479 15,904 884 12,366 -14,522 -881 Interest payments (INT) 24,601 22,813 24,340 28,547 37,503 39,713 42,353 46,335 53,469 Long-term debt 1,393 17,567 18,815 18,397 21,966 29,603 30,954 34,399 38,196 45,968 llvlFcharges 0 95 1,459 1,241 722 1,107 1,106 928 828 980 Short-term debt .. 6,939 2,538 4,702 5,858 6,792 7,653 7,026 7,310 6,521 Net transfers on debt 21,473 -2,249 16,695 149 25,894 -1,826 2,055 4,347 -44,052 Total debt service paid (TDS) .. 46,295 45,605 61,052 64,652 80,960 105,957 133,849 125,327 140,583 Long-term debt 4,828 38,769 37,952 51,555 55,629 70,166 93,770 121,187 114,656 124,267 IMFrepurchases and charges 298 588 5,114 4,794 3,165 4,001 4,534 5,636 3,361 9,795 Short-termn debt (interest only) .. 6,939 2,538 4,702 5,858 6,792 7,653 7,026 7,310 6,521 2..AGGREGATE N ET R ESOLURCE FLOI%S.N AD NET TR-ANSFERS t LONG-TERM i NET RESOURCE FLOWS 4,177 29,897 21,699 65,691 61,689 75,418 99,460 113,362 136,972 107,209 Net flow of long-term debt (ex. IMF) 2,932 23,162 10,265 21,850 17,494 34,614 38,976 35,974 62,700 11,247 Foreign direct investmnent (net) 1,091 6,148 8,188 13,747 28,392 29,827 43,408 64,725 69,323 89,375 Portfolio equity flows 0 0 896 27,185 13,160 7,643 13,893 9,947 1,748 3,588 Grants (excluding technical coop.) 154 587 2,350 2,909 2,645 3,333 3,183 2,716 3,201 2,999 Memo: technical coop. grants 259 776 2,041 2,466 2,414 2,758 2,521 2,392 2,193 2,250 official net resource flows 988 5,284 9,288 5,569 1,274 12,605 -5,086 -2,376 10,118 9,311 private net resource flows 3,189 24,614 12,411 60,123 60,415 62,814 104,546 115,738 126,854 97,898 NET TRANSFERS 756 7,454 -3,474 38,305 29,816 35,233 56,095 65,412 83,259 43,025 Interest on long-term debt 1,393 17,567 18,815 18,397 21,966 29,603 30,954 34,399 38,196 45,968 Profit renmittanceson FDI 2.029 4,876 6,358 8,989 9.907 10,583 12.411 13,550 15,517 18,216 Memo: official net transfers 687 3,305 3,120 -2,408 -7,023 3,059 -14,229 -10,273 2,409 -624 private net transfers 69 4,149 -6,593 40,712 36,840 32,174 70,324 75,686 80,850 43,649 3. NAJOR ECONOMIC AGGREGATES Gross national product (GNP) 162,753 754,716 1,072,872 1,383,699 1,555,133 1,706,546 1,800,949 1,916,117 1,925,227 1,717,342 Exports of goods & services (XGS) .. 127,980 186,130 220,308 255,643 305,949 336,437 372,544 373,495 407,388 of which workers remittances .. 1,187 4,730 7,366 9,450 11,104 11,090 11,661 12,964 14,131 Imports of goods & ser-vices (MGS) .. 160,470 194,845 271,729 312,608 350,551 382,146 445,628 471,669 443,766 Intemnational reserves (RES) 5,481 57,381 58,341 117,829 113,793 139,044 164,588 174,814 165,274 164,142 Current account balance .. -30,194 -1,578 -44,810 -50,361 -37,072 -38,385 -65,221 -89,650 -58,349 4. D)EBT INDICATORS EDT /XGS% .. 201.0 255.7 249.2 230.1 213.3 201.0 191.7 210.5 194.6 EDT /GNP% .. 34.1 44.4 39.7 37.8 38.2 37.6 37.3 40.8 46.2 TDS /XGS(% . 36.2 24.5 27.7 25.3 26.5 31.5 35.9 33.6 34.5 INT /XGS (% . 19.2 12.3 11.1 11.2 12.3 11.8 11.4 12.4 13.1 INT /GNP% .. 3.3 2.1 1.8 1.8 2.2 2.2 2.2 2.4 3.1 RES /EDT(% . 22.3 12.3 21.5 19.3 21.3 24.3 24.5 21.0 20.7 RES /MGS (months) .. 4.3 3.6 5.2 4.4 4.8 5.2 4.7 4.2 4.4 Short-term /EDT (%) .. 26.7 16.3 20.2 20.1 20.0 18.5 19.2 15.7 15.5 Concessional /EDT(% . 9.3 10.2 10.1 9.9 9.1 8.5 7.9 3.9 4.0 Multilateral /EDT(% . 5.5 12.7 12.0 11.8 11.2 10.5 9.9 10.5 11.3 37 LATIN AMERICA AND THE CARIBBEAN (US$ million, unless otherwise indicated) 1970 1980 1990 1993 1994 1995 1996 1997 1998 1999 5. LONG-rERNI DEBT DEBT OUTSTANDING (LDOD) 27,631 187,249 380,169 423,956 456,485 495,135 527,145 558,694 640,533 649,000 Public and publicly guaranteed 15,758 144,791 355,117 366,703 384,221 407,799 410,301 394,726 424,246 440,630 Official creditors 8,118 44,942 146,563 170,705 177,821 191,494 172,190 159,262 170,513 176,352 Multilateral 2,945 14,120 60,510 65,853 69,396 73,318 71,193 70,668 82,650 89,553 Concessional 305 2,359 5,919 6,874 7,329 7,924 8,482 9,239 9,736 10,441 Bilateral 5,173 30,821 86,053 104,853 108,424 118,176 100,997 88,594 87,864 86,799 Concessional 3,920 21,551 42,453 48,699 50,722 51,746 48,782 47,179 21,068 21,112 Private creditors 7,640 99,850 208,555 195,998 206,400 216,305 238,111 235,464 253.733 264.278 Bonds 1,234 9,599 75,976 103,043 152,822 165,758 195,721 193,683 205,294 213,243 Commercial banks 3,071 77,085 103,602 76,190 38,527 36,459 30,191 30,510 38,603 41,685 Other private 3,334 13,166 28,977 16,766 15,051 14,088 12,200 11,271 9,836 9,350 Private nonguaranteed 11,873 42,458 25,051 57,253 72,265 87,336 116,844 163,967 216,287 208,370 Bonds 0 0 171 22,308 30,295 33,829 40,983 46,404 53,889 53,378 Commercial banks 11,873 42,458 24,880 34,946 41,970 53,507 75,861 117,563 162,398 154,992 Memo: IBRD 2,067 7,706 34,760 34,558 35,419 36,391 33,989 31,806 34,518 35,631 IDA 112 427 1,117 1,646 1,900 2,186 2,411 2,621 2,989 3,462 DISBURSEMENTS 6,368 44,364 29,402 55,008 51,155 75,178 101,792 122,761 139,159 89,546 Public and publicly guaranteed 3,608 31,403 24,700 27,255 25,223 46,556 58,406 56,023 60,297 61,107 Official creditors 1,339 6,817 13,919 12,567 10,095 23,734 12,682 12,899 20,688 21,410 Multilateral 581 2,957 9,089 9,086 6,692 10,011 9,617 10,868 16,385 14,296 Concessional 76 492 452 603 650 812 919 819 828 978 Bilateral 757 3,861 4,831 3,481 3,403 13,724 3,065 2,031 4,303 7,114 Concessional 434 1,118 2,532 1,570 1,212 1,556 1,217 985 908 1,089 Private creditors 2,270 24,586 10,781 14,688 15,128 22,822 45,724 43,124 39,609 39,697 Bonds 129 1,219 1,938 9,809 9,369 13,694 36,744 34,715 26,524 30,382 Commnercial banks 1,150 19,937 5,715 3,076 3,869 7,326 7,251 7,061 12,470 7,307 Other private 992 3,430 3,127 1,804 1,890 1,802 1,729 1,348 615 2,008 Private nonguaranteed 2,760 12,960 4,702 27,753 25,932 28,622 43,386 66,739 78,863 28,439 Bonds 0 0 171 14,642 9,934 7,412 12,129 14,120 15,875 7,771 Commercial banks 2,760 12,960 4,531 13,111 15,999 21,210 31,257 52,619 62,987 20,668 Memo: 1I3RD 354 1,586 6,139 4,803 3,052 4,642 4,421 4,393 5,768 4,946 IDA 9 60 119 167 208 277 304 343 309 498 PRINCIPAL REPAYMENTS 3,436 21,202 19,137 33,158 33,662 40,563 62,816 86,788 76,460 78,299 Public and publicly guaranteed 1,665 14,241 16,921 18,839 20,214 27,474 41,692 54,922 39,726 41,943 Official creditors 505 2,121 6,981 9,908 11,467 14,463 20,951 17,991 13,772 15,098 Multilateral 169 703 4,738 6,649 7,202 8,368 7,084 6,933 6,219 7,218 Concessional 7 36 147 244 250 281 251 270 272 249 Bilateral 336 1,418 2,243 3,259 4,264 6,095 13,867 11,058 7,553 7,880 Concessional 119 368 727 432 660 938 955 1,114 1,142 972 Private creditors 1,160 12,120 9,940 8,931 8,747 13,011 20,741 36,931 25,954 26,845 Bonds 77 401 2,008 3,656 2,335 5,699 11,581 29,792 17,078 20,294 Commercial banks 609 9,371 5,223 1,888 2,212 4,335 6,325 4,838 6,045 4,088 Other private 475 2,348 2,709 3,387 4,200 2,978 2,835 2,302 2,832 2,463 Private nonguaranteed 1,771 6,960 2,216 14,319 13,449 13,090 21,124 31,865 36,734 36,356 Bonds 0 0 0 273 1,997 3,922 4,858 8,480 7,694 8,282 Commercial banks 1,771 6,960 2,216 14,046 11,452 9,168 16,267 23,385 29,039 28,074 Memo: IBRD 105 394 3,310 4,496 4,531 4,984 4,339 3,962 3,642 3,833 IDA 0 2 9 10 I11 21 16 1 8 21 24 NET FLOWS ON DEBT 2,932 23,162 10,265 21,850 17,494 34,614 38,976 35,974 62,700 11,247 Pubtic and publicly guaranteed 1,944 17,162 7,779 8,416 5,010 19,082 16,715 1,100 20,571 19,164 Official creditors 834 4,696 6,938 2,660 -1,371 9,272 -8,269 -5,092 6,917 6,312 Multilateral 412 2,254 4,351 2,438 -510 1,643 2,533 3,934 10,166 7,078 Concessional 69 457 305 359 400 5301 668 549 556 729 Bilateral 422 2,442 2,588 222 -861 7,628 -10,802 -9,027 -3,249 -766 Concessional 316 750 1,805 1,138 553 619 262 -129 -234 117 Private creditors 1,109 12,466 841 5,757 6,381 9,811 24,983 6,192 13,654 12,852 Bonds 52 819 -70 6,152 7,034 7,995 25.163 4,922 9,446 10,088 Commercial banks 541 10,565 492 1,188 1,657 2,992 927 2,224 6,426 3,219 Other private 517 1,082 419 -1,584 -2,310 -1,176 -1,106 -954 -2,218 -455 Private nonguaranteed 989 6,000 2,486 13,434 12,483 15,532 22,262 34,874 42,129 -7,917 Bonds 0 0 171 14,369 7,937 3,491 7,271 5,639 8,181 -511 Comimercial banks 989 6,000 2,315 -935 4,546 12,042 14,990 29,234 33,948 -7,406 Memo: IBRD 249 1,192 2,829 307 -1,479 -342 82 431 2,126 1,113 IDA 9 59 110 157 198 256 288 325 288 474 38 LATIN AMERICA AND THE CARIBBEAN (US$ million, unless otherwise indicated) 1970 1980 1990 1993 1994 1995 1996 1997 1998 1999 INTEREST PAYMENTS (LINT) 1,393 17,567 18,815 18,397 21,966 29,603 30,954 34,399 38,196 45,968 Public and publicly guaranteed 764 13,138 16,553 15,131 17,813 23,455 23,310 23,429 25,175 28,912 Official creditors 301 1,979 6,168 7,976 8,297 9,546 9,143 7,898 7,708 9,935 Multilateral 157 1,000 4,157 5,066 4,856 4,944 4,739 4,543 4,536 5.628 Concessional 7 48 104 126 135 151 132 141 168 173 Bilateral 144 979 2,011 2,911 3,441 4,601 4,404 3,355 3,172 4,307 Concessional 75 401 773 745 801 721 685 642 693 309 Private creditors 463 11,159 10,385 7,156 9,515 13,909 14,166 15,531 17,467 18,977 Bonds 72 727 2,398 5,315 7,304 11,273 10,656 12,996 14,249 15,103 Comimercial banks 227 9,447 6,704 1,042 1,487 1,725 2,798 1,961 2,665 3,372 Otier private 164 985 1,282 798 724 911 713 574 553 502 Private nonguaranteed 628 4,429 2,262 3,266 4,154 6,148 7,644 10,970 13,021 17,056 Bonds 0 0 0 857 1,988 2,597 2,983 3,690 4,228 4,910 Commercial banks 628 4,429 2,262 2,409 2,166 3,551 4,661 7,280 8,793 12,146 Memo: IBRD 114 633 2,538 3,040 2,654 2,657 2,488 2,175 2,116 2,535 IDA 1 3 7 9 10 23 17 18 20 22 NET TRANSFERS ON DEBT 1,540 5,595 -8,550 3,453 -4,473 5,012 8,023 1,574 24,504 -34,721 Public and publicly guaranteed 1,179 4,024 -8,774 -6,716 -12,803 .4,373 -6,595 -22,329 -4,605 -9,748 Official creditors 533 2,717 769 -5,317 -9,668 -274 -17,412 -12,990 -792 -3,623 Multilateral 256 1,254 194 -2,627 -5,366 -3,301 -2,206 -608 5,630 1,450 Concessional 62 409 201 233 264 379 536 408 387 556 Bilateral 278 1,464 576 -2,689 -4,302 3,027 -15,206 -12,381 -6,422 -5,073 Concessional 241 350 1,031 394 -248 -103 -423 -771 -927 -192 Private creditors 646 1,307 -9,544 -1,399 -3,135 -4,099 10,817 -9,339 -3,813 -6,125 Bonds -20 92 -2,468 838 -270 -3,278 14,507 -8,074 -4,803 -5,015 Commiercial banks 313 1,118 -6,212 146 170 1,266 -1,871 263 3,761 -153 Other private 353 97 -864 -2,382 -3,035 -2,087 -1,819 -1,527 -2,770 -957 Private nonguaranteed 360 1,571 224 10,168 8,330 9,385 14,618 23,903 29,108 -24,973 Bonds 0 0 171 13,513 5,949 894 4,288 1,949 3,953 -5,421 Commnercial banks 360 1,571 53 -3,344 2,381 8,491 10,329 21,954 25,155 -19,552 Memo: IBRD 135 559 291 -2,734 -4,133 -2,999 -2,406 -1,744 1 1 -1,422 IDA 8 56 102 148 187 234 271 307 268 452 DEBT SERVICE (LTDS) 4,828 38,769 37,952 51,555 55,629 70,166 93,770 121,187 114,656 124,267 Public and publicly guaranteed 2,429 27,380 33,474 33,970 38,026 50,929 65,001 78,352 64,901 70,855 Official creditors 806 4,100 13,150 17,884 19,764 24,009 30,094 25,889 21,480 25,033 Multilateral 326 1,703 8,895 11,714 12,058 13,312 11,823 11,476 10,755 12,846 Concessional 14 84 251 370 385 432 383 411 441 422 Bilateral 479 2,397 4,255 6,170 7.705 10,696 18,271 14,413 10,725 12,187 Concessional 193 768 1,500 1,177 1,460 1,659 1,641 1,757 1,834 1,281 Private creditors 1,624 23,279 20,324 16,087 18,263 26,920 34,907 52,462 43,422 45,822 Bonds 149 1,128 4,406 8,971 9,639 16,972 22,237 42,788 31,327 35,397 Commercial banks 837 18,818 11,928 2,931 3,699 6,060 9,123 6,799 8,709 7,460 Other private 638 3,333 3,991 4,185 4,925 3,889 3,548 2,875 3,385 2,965 Private nonguaranteed 2,400 11,389 4,478 17,585 17,602 19,237 28,768 42,835 49,754 53,412 Bonds 0 0 0 1,130 3,985 6,518 7,841 12,170 11,922 13,192 Commnercial banks 2,400 11,389 4,478 16,455 13,618 12,719 20,927 30,665 37,832 40,220 Memo: IBRD 219 1,028 5,848 7,536 7,185 7,641 6,827 6,137 5,757 6,368 IDA 1 5 17 19 21 43 33 36 41 46 UNDISBURSED DEBT 5,052 35,100 43,502 54,719 59,092 58,420 57,029 56,388 58,140 Official creditors 3,237 20,566 30,616 39,139 43,194 44,296 40,941 41,298 41,780 Private creditors 1,815 14,534 12,886 15,580 15,898 14,123 16,087 15,090 16,360 Memorandum items Concessional LDOD 4,224 23,910 48,373 55,573 58,052 59,670 57,264 56,419 30,804 31,553 Variable rate LDOD 12,501 117,249 196,403 223,732 237,967 266,972 291,480 323,162 381,516 Public sector LDOD 15,266 124,655 325,018 332,649 350,796 374,000 376,556 360,899 387,077 Private sector LDOD 12,370 48,219 28,399 58,975 74,012 89,257 118,660 165,412 220,702 6. CURRENCY CONPIPOSIT [ON OF LONG-TERM DEBT IPERCENT) Deutsche mark 7.8 5.5 5.8 4.5 4.4 5.1 5.9 5.6 5.4 French franc 2.3 1.8 3.6 2.6 2.5 2.5 2.1 1.8 1.3 Japanese yen 0.1 4.4 5.7 6.2 6.4 7.0 6.7 6.0 5.6 Pound sterling 4.6 1.4 1.4 0.9 0.9 0.8 0.8 1.0 0.8 Swiss franc 1.9 1.2 0.9 0.5 0.5 0.5 0.4 0.4 0.4 U.S.dollars 63.0 63.1 54.9 55.8 56.8 57.3 58.3 59.8 66.3 Multiple currency 16.9 9.4 17.5 18.4 18.0 16.8 15.5 14.1 8.4 Special drawing rights 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 All other currencies 3.6 3.4 2.5 2.2 2.2 2.1 2.5 3.0 6.0 39 LATIN AMERICA AND THE CARIBBEAN (US$ million, unless otherwise indicated) 1970 1980 1990 1993 1994 1995 1996 1997 1998 1999 7. DEBT RESTRUCTURINGS Total amount rescheduled 117 1,124 63,742 30,076 46,692 7,922 11,146 2,163 5,022 Debt stock rescheduled 0 1 59,087 18,489 36,263 3,350 3,158 370 4,459 Principal rescheduled 0 104 3,059 2,747 1,886 1,066 3,337 784 111 Official 0 0 1,535 2,282 1,443 865 1,307 689 99 Private 0 104 1,524 465 443 200 2,031 95 11 Interest rescheduled 1,507 8,823 8,039 2,505 4,858 943 458 Official 0 0 960 1,069 584 658 756 509 308 Private 0 0 547 7,754 7,455 1,846 4,103 434 150 Debt forgiven 6 28 180 724 86 626 1,294 328 249 Memo: interest forgiven 0 0 259 8 185 773 1,691 15 24 Debt stock reduction 0 0 21,302 4,660 5,126 3,704 8,487 11,936 2,729 of which debt buyback 0 0 2,756 525 323 102 3,363 9,850 2,100 8. DEB r STOCK-FLOW RECONCILIATION Total change in debt stocks 22,582 39,196 39,285 64,260 23,748 37,970 71,764 Net flows ondebt 7,545 46,074 20,564 41,036 28,696 63,396 37,886 44,409 50,681 9,417 Net change in interest arrears .. .. 9,061 -2,901 -5,317 -3,164 -6,319 -616 1,033 Interest capitalized .. .. 1,507 8,823 8,039 2,505 4,858 943 458 Debtforgivenessorreduction .. .. -18,726 4,859 4,889 4,228 -6,418 -2,414 -878 Cross-currency valuation .. .. 10,506 -310 8,190 2,433 -9,078 -10,886 6,897 Residual .. .. -332 -2,592 4,565 3,317 2,817 6,534 13,572 9. AVERAGE TERMIS OF NEW CON[IAlTMNlENTS ALL CREDITORS Interest (%) 7.0 11.5 7.9 6.8 6.4 7.2 7.6 7.7 7.9 Maturity (years) 14.4 11.3 15.0 12.1 12.0 9.8 9.6 14.5 9.7 Graceperiod(years) 3.6 4.2 5.1 4.5 4.3 3.5 5.9 8.9 5.8 Grant element (%) 16.6 -5.8 12.2 15.3 17.3 12.5 9.5 10.9 8.8 Official creditors Interest (%) 6.0 7.8 7.0 6.2 6.1 7.5 6.0 6.6 6.9 Maturity (years) 23.4 17.0 18.0 17.8 18.6 14.1 19.7 17.8 12.1 Grace period (years) 5.5 4.5 4.9 4.8 5.2 4.0 5.1 4.5 3.4 Grantelement(%) 27.4 14.6 18.6 22.5 24.4 15.8 25.9 20.1 14.4 Private creditors Interest (%) 7.7 13.0 9.1 7.2 6.7 6.7 8.0 8.2 8.5 Maturity (years) 8.9 9.0 11.1 8.3 5.9 4.1 7.1 13.3 8.4 Grace period (years) 2.4 4.1 5.3 4.3 3.4 2.9 6.1 10.5 7.1 Grant element (%) 10.1 -14.2 3.6 10.5 10.6 8.1 5.4 7.4 5.7 Memorandum items Commitments 4,373 33,271 26,283 30,419 30,754 49,598 60,410 62,221 63,721 Official creditors 1,645 9,641 15,088 12,148 14,790 28,153 12,057 17,017 22,568 Private creditors 2,727 23,630 11,195 18,271 15,964 21,445 48,354 45,204 41,153 Ill. GRAPH OF AGGREGATE NET RESOLIRCE FLO"'S (current prices, US$ million) Aggregate Net Resource Flows Private Flows Official Flows 160,000 - -_ __ _ - __ _ -1 9 140000 t~~~~~~~~~~~~~~19 1998 120,000 1997 1997 100,000 19 t , : ' ' 1996 _ - .I1996 1 1 80,000. t / : : 1995 1995 60,000 t- 40,000 ! / . - - i - 1994 1994 40,000 /. -19 .:. ' :, .: . . :- . ': : '; ' 1993 1993 20,000 -w'': ::: .:......:.:' i .' .... 20:'"..'....''",000 !",.-, ,, . ;: 1992 1992 1992 1993 1994 1995 1996 1997 1998 1999 0 20,000 40,000 60,000 80,000 100,000 -15,000 -10,000 -5,000 0 5,000 10,000 15,000 0 Private flows 0 Official flows E Pnvate non-debt flows 0 Private debt flows * Multilateral a Bilateral 0 Grants 40 MIDDLE EAST AND NORTH AFRICA (US$ million, unless otherwise indicated) 1970 1980 1990 1993 1994 1995 1996 1997 1998 1999 I. SLUMNNIARI'DEBT DATA TOTAL DEBT STOCKS (EDT) 83,836 183,205 193,661 208,223 211.182 204,844 194,438 208,059 214,192 Long-term debt (LDOD) 4,168 61,770 137,500 138,893 158,179 164,435 159,056 150,326 164,114 169,456 Public and publicly guaranteed 4,153 61,175 135,998 138,011 155,958 161,121 155,326 145,713 159,644 161,414 Private nonguaranteed 1 5 595 1,502 882 2,221 3,314 3,729 4,613 4,471 8,042 Use of IMF credit 100 916 1,815 1,324 1,946 2,177 2,752 2,874 2,954 2,976 Short-term debt 21,150 43,890 53,444 48,098 44,571 43,037 41,239 40,991 41,760 of which interest arrears on LDOD 391 2,877 1,715 2,008 2,297 2,541 2,254 2,433 2,430 Official creditors .. 391 1,650 1,460 1,724 1,987 2,231 2,093 2,266 Private creditors 0 1,228 255 283 310 310 161 167 Memno: principal arrears on LDOD 114 8,167 5,850 7,195 8,696 9,924 8,731 9,683 9,683 Official creditors 108 3,593 4,262 5,371 6,689 7,760 7,533 8,368 Private creditors 6 4,574 1,588 1,825 2,007 2,164 1,198 1,314 Memo: export credits 3,668 62,532 61,425 71,753 67,905 64,746 62,948 64,222 TOTAL DEBT FLOWS Disbursements 891 12,328 14,660 16,290 16,588 14,127 14,110 12,631 15,149 19,071 Long-termndebt 853 11,978 14,595 16,274 15,653 13,537 13,121 11,893 14,698 18,562 RAF purchases 38 350 65 1 6 935 590 989 739 451 509 Principal repaymsents 413 5,062 15,694 14,031 13,874 13,932 15,211 15,923 13,705 11,743 Long-term debt 383 4,830 15,297 13,494 13,468 13,542 14,874 15,482 13,211 11,256 RIMFrepurchases 3 1 233 397 537 406 390 337 441 494 487 Net flowNs on debt 1,030 8,664 627 6,218 7,860 -444 -1,074 -4,802 684 8,101 of which short-term debt 1,397 1,661 3,960 5,146 -638 28 -1,511 -761 773 Interest payments (INT) 6,456 8,586 8,887 8,580 10,094 9,854 9,162 8,922 9,394 Long-term debt 100 3,935 5,202 5,610 5,879 7,215 7,481 6,550 6,632 7,123 lIMF charges 0 33 181 108 74 112 107 127 127 131 Short-term debt 2,488 3,203 3,169 2,627 2,767 2,266 2,486 2,164 2,140 Net transfers on debt .. 2,208 -7,959 -2,669 -719 -10,538 -10,928 -13,964 -8,238 -1,293 Total debt service paid (TDS) .. 11,518 24,280 22,919 22,454 24,026 25,065 25,085 22,627 21,137 Long-term debt 482 8,764 20,499 19,104 19,347 20,757 22,355 22,031 19,843 18,379 RAF repurchases and charges 3 1 265 578 645 480 502 444 568 621 618 Short-termndebt (interest only) .. 2,488 3,203 3,169 2,627 2,767 2,266 2,486 2,164 2,140 2. AGGREGALTE NET RESOUTRCE FLOWS AND NET TRANSFERS 4 LONG- [E RA] NET RESOURCE FLOWS 1,145 8,501 9,910 9,174 9,778 3,171 7,401 8,385 11,472 19,884 Net flow of long-term debt (ex. IMI) 470 7,149 -703 2,779 2,185 -5 -1,753 -3,589 1,488 7,306 Foreign direct investment (net) 294 -3,313 2,458 3,783 3,351 -199 3,581 5,917 5,054 8,070 Portfolio equity flows 0 0 0 0 106 203 1,632 2,259 879 608 Grants (excluding technical coop.) 381 4,665 8,155 2,611 4,136 3,172 3,941 3,797 4,051 3,900 Memo: technical coop. grants 269 990 2,558 2,717 2,263 2,579 2,389 1,838 1,713 2,100 official net resource flows 573 9,537 9,542 5,521 3,358 1,531 2,273 -456 2,249 3,240 private net resource flows 572 -1,035 369 3,653 6,420 1,640 5,128 8,841 9,223 16,644 NET TRANSFERS -1,899 -5,284 3,425 2,276 2,631 -5,300 -1,469 401 3,331 10,955 Interest on long-term debt 100 3,935 5,202 5,610 5,879 7,215 7,481 6,550 6,632 7,123 Profit remittances on FDI 2,944 9,850 1,284 1,288 1,268 1,256 1,388 1,434 1,509 1,806 Memo: official net transfers 508 8,583 7,089 2,709 186 -2,840 -2,640 4,565 -1,744 -902 private net transfers -2,407 -13,866 -3,664 -434 2,445 -2,460 1,172 4,966 5,075 11,857 3. MA.JOR ECONOMIC AGGREGATES Gross national product (GNP) 41,690 405,482 427,672 448,858 437,740 473,866 534,225 576,251 577,145 484,093 Exports of goods & services (XGS) -- 205,736 160,839 157,000 154,534 175,173 198,284 199,807 161,119 192,376 of which workers remittances .. 5,104 10,507 13,213 11,161 11,978 11,965 12,359 10,072 10,553 Imports of goods & services (MGS) -. 144,421 144,477 162,073 145,151 160,783 171,947 175,057 168,443 151,105 Intemnational reserves (RES) 4,477 76,217 39,150 47,916 52,580 56,949 60,516 65,299 65,756 69,550 Current account balance .. 46,988 1,861 -24,632 -11,344 -7,046 2,266 -1,327 -23,448 6,683 4. DEBT INPbIC-T0RS EDT /XGS (% . 40.8 113.9 123.4 134.7 120.6 103.3 97.3 129.1 111.3 EDT /GNP(% . 20.7 42.8 43.2 47.6 44.6 38.3 33.7 36.1 44.2 TDS /XGS(% . 5.6 15.1 14.6 14.5 13.7 12.6 12.6 14.0 11.0 INT /XGS (% . 3.1 5.3 5.7 5.6 5.8 5.0 4.6 5.5 4.9 1!NT /GNP(% . 1.6 2.0 2.0 2.0 2.1 1.8 1.6 1.6 1.9 RES /EDT (% . 90.9 21.4 24.7 25.3 27.0 29.5 33.6 31.6 32.5 RES /MGS (months) .. 6.3 3.3 3.6 4.4 4.3 4.2 4.5 4.7 5.5 Short-term /EDT (%) .. 25.2 24.0 27.6 23.1 21.1 21.0 21.2 19.7 19.5 Concessional /EDT (% . 21.5 24.1 25.9 25.9 27.1 29.8 29.9 28.8 28.1 Multilateral /EDT (%) .. 6.7 8.6 9.8 10.1 10.8 11.4 11.4 11.4 11.4 41 MIDDLE EAST AND1 NORTH AFRICA (US$ million, unless otherwise indicated) 1970 1980 1990 1993 1994 1995 1996 1997 1998 1999 5. LONG-TERM'% DEBI' DEBT OUTSTANDING (LDOD) 4,168 61,770 137,500 138,893 158,179 164,435 159,056 150,326 164,114 169,456 Public and publicly guaranteed 4,153 61,175 135,998 138,011 155,958 161,121 155,326 145,713 159,644 161,414 Official creditors 3,045 31,474 80,849 91,919 108,533 116,172 115,087 107,291 109,790 107,868 Multilateral 172 5,606 15,729 18,989 21,083 22,882 23,329 22,081 23,797 24,387 Concessional 32 2,554 3,608 4,167 4,606 5,236 5,852 6,230 6,832 7,375 Bilateral 2,873 25,869 65,121 72,930 87,450 93,290 91,758 85,210 85,994 83,481 Concessional 2,466 15,482 40,598 45,996 49,309 51,896 55,240 51,833 53,133 52,790 Private creditors 1,109 29,701 55,149 46,092 47,424 44,949 40,239 38,422 49,854 53,546 Bonds 38 720 2,234 1,719 1,757 2,036 2,486 3,513 5,067 6,725 Conumercial banks 56 10,331 18,130 16,388 17,221 16,852 15,995 19,141 22,069 23,028 Other private 1,014 18,650 34,785 27,984 28,446 26,061 21,758 15,768 22,718 23,793 Private nonguaranteed 15 595 1,502 882 2,221 3,314 3,729 4,613 4,471 8,042 Bonds 0 0 0 0 0 50 410 885 785 1,040 Comimercial banks 15 595 1,502 882 2,221 3,264 3,319 3,728 3,686 7,002 Memo: IBRD 139 2,384 8,301 9,308 9,978 10,671 10,053 8,789 8,823 8,855 IDA 32 669 1,774 1,885 1,985 2,105 2,219 2,360 2,559 2,732 DISBURSEMENTS 853 11,978 14,595 16,274 15,653 13,537 13,121 11,893 14,698 18,562 Public and publicly guaranteed 845 11,725 14,456 16,092 14,121 12,284 12,388 10,853 13,718 14,706 Official creditors 420 5,781 6,368 6,511 5,295 5,871 6,315 4,991 3,728 5,548 Multilateral 32 705 2,392 2,807 2,821 3,367 3,541 2,857 2,594 3,269 Concessional 8 182 243 485 534 772 932 780 734 863 Bilateral 388 5,076 3,976 3,705 2,474 2,504 2,775 2,133 1,134 2.279 Concessional 255 3,451 1,913 1,796 1,783 2,113 1,755 1,342 859 1,340 Private creditors 425 5,943 8,087 9,581 8,827 6,414 6,073 5,863 9,99 1 9,158 Bonds 5 66 0 1 5 672 888 531 1,556 1,450 1,756 Commercial banks 17 1,631 807 1,004 2,178 1,279 2,727 1,894 3,918 3,283 Other private 403 4,246 7,280 8,561 5,977 4,247 2,815 2,413 4,623 4,119 Private nonguaranteed 8 254 139 183 1,532 1,253 733 1,040 980 3,856 Bonds 0 0 0 0 0 85 360 475 0 355 Commercial banks 8 254 139 183 1,532 1,168 373 565 980 3,501 Memo: IBRD 23 421 1,164 1,099 1,017 1,455 1,231 832 648 978 tDA 8 82 38 69 88 128 179 249 180 213 PRINCIPAL REPAYMENTS 383 4,830 15,297 13,494 13,468 13,542 14,874 15,482 13,211 11,256 Public and publicly guaranteed 380 4,716 15,120 13,269 13,237 13,321 14,530 15,283 12,151 10,971 Official creditors 228 910 4,982 3,601 6,073 7,512 7,983 9,244 5,530 6,208 Multilateral 16 202 1,314 1,550 1,799 2,094 1,939 2,685 2,065 2,511 Concessional 0 6 147 158 171 199 208 232 265 259 Bilateral 212 708 3,667 2,051 4,274 5,418 6,043 6,559 3,464 3,697 Concessional 137 386 1,621 673 766 705 1,089 1,203 1,313 990 Private creditors 152 3,806 10,139 9,668 7,164 5,809 6,547 6,039 6,621 4,763 Bonds 3 33 148 663 445 278 5 410 10 10 Commercial banks 2 1,465 2,120 2,688 2,199 1,671 2,531 2,239 2,659 2,022 Other private 146 2,309 7,871 6,317 4,521 3,861 4,011 3,390 3,952 2,731 Private nonguaranteed 3 114 177 226 231 221 344 198 1,060 285 Bonds 0 0 0 0 0 0 0 0 100 100 Comimercial banks 3 114 177 226 231 221 344 198 960 185 Memo: IBRD 16 140 761 899 1,008 1,118 1,071 1,298 948 946 IDA 0 1 14 22 25 28 30 42 36 40 NET FLOWS ON DEBT 470 7,149 -703 2,779 2,185 -5 -1,753 -3,589 1,488 7,306 Public and publicly guaranteed 465 7,009 .665 2,823 884 -1,037 -2,142 -4,430 1,567 3,735 Official creditors 192 4,871 1,387 2,910 -779 -1,641 -1,668 -4,253 -1,802 -660 Multilateral 16 503 1,078 1,256 1,021 1,273 1,602 173 529 758 Concessional 8 175 97 327 363 573 724 549 469 604 Bilateral 176 4,368 309 1,654 -1,800 -2,914 -3,269 -4,426 -2,330 -1,418 Concessional 117 3,065 292 1,123 1,017 1,408 666 139 -454 350 Private creditors 273 2,137 -2,052 -87 1,662 604 474 -177 3,370 4,395 Bonds 2 34 -148 -648 228 610 526 1,146 1,440 1,746 Commercial banks 15 167 -1,313 -1,683 -22 -392 196 -345 1,260 1,261 Other private 257 1,937 -591 2,244 1,457 386 -1,196 -977 670 1,388 Private nonguaranteed 5 140 -38 -43 1,301 1,032 389 841 -80 3,571 Bonds 0 0 0 0 0 85 360 475 -100 255 Comimercial banks 5 140 -38 -43 1,301 947 29 366 20 3,316 Memo: IBRD 8 281 403 200 9 337 160 -466 -300 32 IDA 8 81 24 47 64 100 149 207 144 173 42 MIDDLE EAST AND NORTH AFRICA (US$ million, unless otherwise indicated) 1970 1980 1990 1993 1994 1995 1996 1997 1998 1999 INTEREST PAYMENTS (LINT) 100 3,935 5,202 5,610 5,879 7,215 7,481 6,550 6,632 7,123 Public and publicly guaranteed 99 3,885 5,094 5,555 5,805 7,108 7,285 6,285 6,453 6,955 Official creditors 65 954 2,453 2,812 3,172 4,372 4,913 4,109 3,993 4,142 Multilateral 9 239 866 1,137 1,281 1,377 1,377 1,294 1,280 1,430 Concessional 0 19 60 78 93 ill 136 156 168 184 Bilateral 56 715 1,588 1,674 1,891 2,995 3,537 2,815 2,714 2,712 Concessional 42 336 453 729 818 988 1,132 981 1,016 1,041 Private creditors 34 2,931 2,641 2,744 2,633 2,737 2,372 2,177 2,460 2,813 Bonds 2 71 159 70 79 88 145 173 249 356 Commercial banks 0 1,488 942 1,107 1,159 1,206 946 763 1,034 1,578 Other private 32 1,372 1,540 1,567 1,395 1,443 1,281 1,241 1,177 879 Private nonguaranteed 1 50 108 54 74 107 196 264 179 168 Bonds 0 0 0 0 0 0 2 37 77 68 Comumercial banks 1 50 108 54 74 107 194 227 101 100 Memo: IBRD 9 198 598 685 756 750 688 625 582 635 IDA 0 5 13 14 14 15 16 20 18 18 NET TRANSFERS ON DEBT 370 3,214 .5,905 -2,830 -3,694 -7,220 -9,234 -10,138 -5,144 183 Public and publicly guaranteed 366 3,124 -5,758 -2,733 -4,922 -8,145 -9,427 -10,715 -4,886 -3,220 Official creditors 127 3,917 -1,066 98 -3,951 -6,013 -6,581 -8,362 -5,795 -4,802 Multilateral 8 264 213 120 -260 -104 225 -1,121 -751 -672 Conccssional 8 156 37 250 270 462 588 393 301 420 Bilateral 120 3,653 -1,279 -21 -3,691 -5,909 -6,806 -7,241 -5,044 -4,130 Concessional 76 2,729 -161 394 199 421 -466 -842 -1,469 -691 Private creditors 239 -794 -4,692 -2,831 -971 -2,133 -2,846 -2,353 910 1.582 Bonds -1 -38 -307 -718 148 522 382 973 1,191 1,390 Commercial banks 14 -1,321 -2,255 -2,790 -1,181 -1,598 -750 -1,108 226 -317 Other private 225 565 -2,131 677 62 -1,057 -2,477 -2,218 -506 509 Private nonguaranteed 4 90 -146 -98 1,227 926 193 577 -259 3,403 Bonds 0 0 0 0 0 85 358 438 -177 187 Commercial banks 4 90 -146 -98 1,227 841 -165 139 -81 3,216 Memo: IBRD -1 83 -195 -485 -746 -413 -528 -1,090 -882 -603 IDA 8 76 11 34 49 86 133 187 127 155 DEBT SERVICE (LTDS) 482 8,764 20,499 19,104 19,347 20,757 22,355 22,031 19,843 18,379 P'ublic and publicly guaranteed 479 8,601 20,214 18,824 19,042 20,430 21,815 21,569 18,604 17,926 Official creditors 293 1,864 7,435 6,413 9,245 11,883 12,896 13,353 9,523 10,350 Multilateral 24 441 2,180 2,687 3,080 3,471 3,316 3,978 3,346 3,941 Concessional 0 25 207 235 264 310 344 387 433 443 Bilateral 268 1,423 5,255 3,725 6,165 8,413 9,590 9,374 6,178 6.409 Concessional 179 723 2,074 1,402 1,584 1,693 2,221 2,184 2,329 2,031 Private creditors 186 6,737 12,779 12,411 9,798 8,546 8,919 8,216 9,081 7,576 Bonds 6 104 307 733 524 366 150 583 259 366 Commnercial banks 3 2,952 3,062 3,794 3,358 2,877 3,477 3,002 3,693 3,600 Other private 178 3,681 9,411 7,884 5,915 5,303 5,292 4,631 5,129 3,610 Private nonguaranteed 3 164 285 280 305 328 540 463 1,239 453 Bonds 0 0 0 0 0 0 2 37 177 168 Commercial banks 3 164 285 280 305 328 538 426 1,061 285 Memo: IiBRD 24 338 1,359 1,584 1,764 1,867 1,759 1,922 1,530 1.581 IDA 0 6 27 36 39 43 45 61 54 58 UNDISBURSED DEBT 1,916 28,066 31,780 36,439 31,377 31,718 26,245 22,699 29,816 - Official creditors 1,543 15,995 18,912 24,065 22,283 23,322 19,246 16,855 15,710 Private creditors 374 12,072 12,869 12,374 9,093 8,396 6.999 5,843 14.106 Memorandum items Concessionial LDOD 2.499 18,036 44,206 50.163 53.915 57,133 61,092 58,063 59,964 60,165 Variable rate LDOD 41 10,209 29,818 33,049 46,559 49,656 46,586 42.461 41,171 Public sector LDOD 4,131 53,445 115,211 117,602 135,216 141,181 135,859 123,168 125,653 Private sector LDOD 37 741 1,583 1,185 1,588 1,680 1,862 2,286 2,607 6. CURRENCY 'COM%POS1TI1ON OF ILONG-TrERNi DEBT (PERCENT1 Deutsche mark 7.7 6.4 6.6 6.8 7.0 7.1 6.4 5.9 5.4 French franc 18.6 9.3 11.1 10.6 10.7 11.5 11.4 10.3 9.6 Japanese yen 0.0 5.7 6.3 8.7 8.8 8.7 8.2 7.8 7.6 Pound sterling 4.1 1.3 1.5 1.2 1.1 1.0 1.1 1.1 0.9 Swiss franc 1.1 1.3 0.9 0.7 0.7 0.8 0.6 0.6 0.6 U.S.dollars 33.0 46.4 38.2 37.2 38.5 37.7 38.2 39.4 38.3 Multiple currency 3.1 4.7 7.5 8.8 8.6 8.8 8.6 8.1 3.9 Special drawing rights 0.0 0.0 0.4 0.2 0.2 0.2 0.2 0.2 0.2 All other currencies 32.5 12.4 12.4 11.3 11.4 12.3 13.1 11.5 11.5 43 MIDDLE EAST AND NORTH AFRICA (US$ million, unless otherwise indicated) 1970 1980 1990 1993 1994 1995 1996 1997 1998 1999 7. DEBT RESTRUCTURINGS Total amount rescheduled 0 0 4,565 4,446 15,786 8,954 6,138 3,355 854 Debt stock rescheduled 0 0 2,732 2,979 10,785 3,178 1,805 0 0 Principal rescheduled 0 0 1,039 1,116 4,286 4,944 3,731 2,944 760 Official 0 0 679 186 718 703 525 602 216 Private 0 0 360 930 3,568 4,241 3,207 2,343 545 Interest rescheduled 219 349 655 528 397 250 81 Official 0 0 137 56 170 132 96 107 54 Private 0 0 82 293 486 397 301 143 27 Debt forgiven 0 3 10,614 231 338 358 52 2,264 17 Memo: interest forgiven 0 0 2,481 147 84 7 5 340 1 Debt stock reduction 0 0 0 97 0 13 9 0 0 of which debt buyback 0 0 0 0 0 0 0 0 0 8. DEBT STOCK-FLOAt RECONCILLkT1ON Total change in debt stocks -5,727 5,339 14,562 2,960 -6,338 -10,406 13,621 Netflows on debt 1,030 8,664 627 6,218 7,860 -444 -1,074 -4,802 684 8,101 Net change in interest arrears .. -1,478 212 292 289 244 -287 179 Interest capitalized 219 349 655 528 397 250 81 Debt forgiveness or reduction -10,614 -328 -338 -371 -61 -2,264 -17 Cross-currency valuation 6,113 -770 6,470 2,606 -4,941 -6,468 4,016 Residual -593 -343 -378 351 -903 3,165 8,677 9. AVERAGE TlERMS OF NE\\ COmmITIENTS ALL CREDITORS Interest (%) 4.6 6.4 7.4 5.5 5.5 6.0 5.3 5.5 5.7 Maturity (years) 18.6 18.1 13.5 14.7 13.2 14.1 13.3 14.7 12.0 Grace period (years) 6.2 4.7 4.0 4.7 4.0 4.5 4.0 6.1 2.5 Grant element (%) 33.5 23.7 15.7 23.2 22.5 21.7 24.2 25.9 20.3 Official creditors Interest (%) 3.7 4.7 5.5 5.4 4.9 5.3 5.1 4.5 3.7 Maturity (years) 23.5 24.1 21.4 19.2 19.1 18.0 17.0 17.7 20.5 Graceperiod(years) 8.4 5.9 6.3 5.9 6.0 5.1 5.1 5.2 5.6 Grant element (%) 43.6 38.2 32.2 29.4 32.2 28.1 29.8 33.5 42.2 Private creditors Interest (%) 6.3 8.6 8.8 5.7 6.2 7.0 5.6 6.9 6.2 Maturity (years) 9.4 10.7 7.6 8.5 6.7 7.9 8.7 10.5 9.9 Grace period (years) 2.0 3.1 2.4 3.0 1.9 3.5 2.7 7.3 1.7 Grant element (%) 14.7 5.7 3.4 14.8 11.9 11.7 17.1 15.4 14.8 Memorandum items Commitments 1,207 11,467 15,347 13,483 8,482 11,708 8,538 6,899 14,707 Official creditors 785 6,363 6,573 7,755 4,410 7,201 4,772 3,994 2,978 Private creditors 423 5,104 8,774 5,727 4,073 4,507 3,766 2,905 11,729 10. GR.APH OF AGGREGATE NET RESOURCE FLOWS (current prices, US$ million) Aggregate Net Resource Flows Private Flows Official Flows 25,000 - - ------ 1999 1999 20,000 1998 1998 15,0001 / ~~~~~~~~~~~~~1997 1997 1996 1996 1995 1995 10,000 _.ooo /,~lii~ 1994 1994 5,000 1993 - i==1993 -. ,~,!~lky 1992 1992 1992 1993 1994 1995 1996 1997 1998 1999 -4,000 -2,000 0 2,000 4,000 6,000 8,000 10,000 -6,000 -4,000 -2,000 0 2,000 4,000 6,000 *i Private flows r Official flows M Private non-debt flows 0 Pivate debt flows * Multilateral 1 Bilateral [1 Grants 44 SOUTH ASIA (US$ million, unless otherwise indicated) 1970 1980 1990 1993 1994 1995 1996 1997 1998 1999 I. SlININIARY DEBT DA%TA TOTAL DEBT STOCKS (EDT) 38,015 129,899 148,012 162,129 157,371 155,522 155,259 163,775 170,739 Long-term debt (LDOD) 11,327 33,053 112,991 134,547 147,907 143,031 141,395 144,255 154,151 159,848 Public and publicly guaranteed 11,222 32,696 111,263 131,630 140,221 134,730 131,931 132,624 143,063 147,169 Private nonguaranteed 105 357 1,727 2,917 7,687 8,301 9,465 11,630 11,088 12,679 Use of IMF credit 124 2,508 4,537 7,410 7,211 5,252 3,795 2,781 2,461 2,401 Short-term debt 2,454 12,371 6,056 7,011 9,087 10,331 8,223 7,163 8,490 of which interest arrears on LDOD 0 17 33 47 56 125 119 261 261 Official creditors 0 7 8 14 21 22 24 106 Private creditors 0 11 25 32 35 103 96 156 Memo: principal arrears on LDOD 0 34 37 52 81 196 213 508 509 Official creditors 0 34 27 35 36 58 58 242 Private creditors 0 1 9 17 45 138 154 267 Memo: export credits .. 28 9,370 11,070 13,155 14,591 13,991 14,137 15,044 TOTAL DEBT FLOWS Disbursements 1,476 6,358 12,256 13,443 13,578 11,785 12,074 13,984 15,547 13,291 Long-term debt 1,466 4,711 10,381 12,871 13,058 11,583 11,918 13,704 15,230 12,670 IMF purchases 10 1,647 1,875 572 520 202 155 280 316 621 Principal repayments 721 1,552 5,316 6,397 9,499 11,593 10,516 11,302 9,653 8,195 Long-termn debt 461 1,226 4,148 6,017 8,185 9,597 9,084 10,194 8,913 7,514 IMF repurchases 260 326 1,168 380 1,314 1,996 1,432 1,109 740 681 Net flowis on debt 1,180 5,850 8,495 1,815 5,021 2,259 2,734 579 4,691 6,423 of which short-term debt 1,045 1,555 -5,232 942 2,067 1,175 -2,102 -1,203 1,327 Interest payments (INT) -- 1,217 6,192 5,477 6,100 6,582 6,056 6,556 6,736 7,016 Long-termn debt 282 864 4,734 4,694 5,380 5,723 5,373 5,785 6,204 6,561 IMFcharges 0 6 1 253 316 269 233 150 9 1 63 56 Short-term debt .. 292 1,204 467 451 627 533 680 469 399 Net transfers on debt .. 4,633 2,303 -3,662 -1,079 -4,323 -3,323 -5,977 -2,046 -593 Total debt service paid (TDS) -- 2,770 11,507 11,874 15,599 18,175 16,571 17,858 16,389 15,211 Long-term debt 743 2,090 8,883 10,711 13,565 15.320 14,457 15.979 15,117 14,075 IMF repurchases and charges 260 387 1,420 695 1,584 2,228 1,582 1,199 804 737 Short-termn debt (interest only) .. 292 1,204 467 451 627 533 680 469 399 2..AGG;REGATrE NET RESOUjRCE FLOWS AND NET TRANSFERS (LONG-TERMII NET RESOURCE F'LOWS 1,329 6,470 9,221 12,235 15,254 9,798 13,878 13,229 12,586 11,817 Net flow of long-term debt (ex. IMF) 1,005 3,484 6,233 6,854 4,873 1,986 2,835 3,510 6,318 5,156 Foreign direct investment (net) 69 185 464 1,118 1,595 2,953 3,526 4,908 3,659 3,420 Portfolio equity flows 0 0 105 2,025 6,223 2,340 5,198 2,477 351 1,091 Grants (excluding technical coop.) 255 2,800 2,419 2,238 2,563 2,519 2,319 2,335 2,258 2,150 Memo: technical coop. grants 138 690 1,583 1,681 1,513 1,564 1,454 1,243 1,134 1,225 official net resource flows 1,250 5,232 7,047 5,810 6,078 3,005 4,845 3,600 5,005 6,938 private net resource flows 79 1,238 2,174 6,425 9,176 6,793 9,033 9,629 7,581 4,879 NET TRANSFERS 1,033 5,584 4,394 7,428 9,744 3,924 8,311 7,158 6,052 4,867 Interest on long-term debt 282 864 4,734 4,694 5,380 5,723 5,373 5.785 6.204 6,561 Profit remiittances on FDI 14 22 92 113 129 152 194 286 330 389 Memo: official net transfers 1,014 4,579 4,733 3,141 3,150 -5 2,053 932 2,259 4,043 private net transfers 19 1,005 -339 4,287 6,594 3,928 6,258 6,226 3,793 824 3. MA.JOR ECONOMIC AG(;REGATES Gross national product (GNP) 85,391 237,953 405,725 379,616 433,684 482,663 523,002 548,563 560,450 604,825 Exports of goods & services (XGS) 4,108 23,542 39,674 51,982 61,833 72,821 79,688 85,063 86,616 105,083 of which workers remittances .. 4,913 4,833 7,653 10,846 11,135 15,297 15,613 13,512 14,383 Imports of goods & services (MGS) 5,770 29,615 52,723 59,667 70,756 86,213 94,538 98,187 97,588 106,708 Intemnational reserves (RES) .. 15,404 8,893 21,497 34,085 30,704 30,940 34,784 37,375 39,899 Current account balance .. -4,882 -11,637 -5,535 -6,848 -10,974 -12,811 -10,962 -7,719 -9,586 4. DEBT 'INDICA rORS EDT / XGS (% . 161.5 327.4 284.7 262.2 216.1 195.2 182.5 189.1 162.5 EDT /GNP(% . 16.0 32.0 39.0 37.4 32.6 29.7 28.3 29.2 28.2 TDS /XGS(% . 11.8 29.0 22.8 25.2 25.0 20.8 21.0 18.9 14.5 INT / XGS (% . 5.2 15.6 10.5 9.9 9.0 7.6 7.7 7.8 6.7 INT /GNP(% . 0.5 1.5 1.4 1.4 1.4 1.2 1.2 1.2 1.2 RES /EDT(% . 40.5 6.9 14.5 21.0 19.5 19.9 22.4 22.8 23.4 RES /MGS (months) .. 6.2 2.0 4.3 5.8 4.3 3.9 4.3 4.6 4.5 Short-term /EDT (%) .. 6.5 9.5 4.1 4.3 5.8 6.6 5.3 4.4 5.0 Concessional /EDT ().. 74.2 56.3 55.5 56.0 56.6 51.9 49.5 50.6 50.2 Multilateral / EDT (91) .. 24.6 29.5 33.8 35.1 36.3 36.4 36.0 36.6 36.5 45 SOUTH ASIA (US$ million, unless otherwise indicated) 1970 1980 1990 1993 1994 1995 1996 1997 1998 1999 5. LONG-TERM DEBT DEBT OUTSTANDING (LDOD) 11,327 33,053 112,991 134,547 147,907 143,031 141,395 144,255 154,151 159,848 Public and publicly guaranteed 11,222 32,696 111,263 131,630 140,221 134,730 131,931 132,624 143,063 147,169 Official creditors 10,542 30,289 86,873 101,326 112,682 109,589 106,484 102,305 108,841 113,905 Multilateral 2,205 9,345 38,287 50,024 56,963 57,097 56,596 55,903 59,895 62,345 Concessional 1,347 7,842 26,975 33,683 38,176 39,468 40,087 40,037 43,009 44,885 Bilateral 8,337 20,944 48,586 51,302 55,719 52,492 49,887 46,402 48,945 51,560 Concessional 7,544 20,379 46,172 48,463 52,572 49,565 40,644 36,856 39,815 40,860 Private creditors 680 2,407 24,390 30,304 27,539 25,142 25,447 30,320 34,222 33,264 Bonds 14 2 2,639 3,832 3,890 3,407 1,664 2,673 6,792 6,678 Conumercial banks 54 1,671 16,823 19,906 15,332 14,162 16,716 21,881 22,720 22,327 Other private 612 734 4,929 6,566 8,317 7,573 7,068 5,766 4,710 4,259 Private nonguaranteed 105 357 1,727 2,917 7,687 8,301 9,465 11,630 11,088 12,679 Bonds 0 0 0 794 1,203 1,065 2,478 3,847 3,692 3,543 Comimercial banks 105 357 1,727 2,123 6,484 7,236 6,987 7,783 7,397 9,136 Memo: IBRD 852 1,242 9,646 12,609 14,165 13,035 11,861 11,253 11,191 11,117 IDA 1,347 7,065 21,070 25,583 28,421 29,001 29,433 29,761 31,377 32,638 DISBURSEMENTS 1,466 4,711 10,381 12,871 13,058 11,583 11,918 13,704 15,230 12,670 Public and publicly guaranteed 1,438 4,414 10,128 11,416 11,760 9,649 10,433 11,140 14,122 10,189 Official creditors 1,317 3,372 7,048 6,954 7,855 6,272 7,161 7,823 8,017 8,757 Multilateral 198 1,416 4,439 4,379 4,863 3,968 4,581 4,090 4,101 4,582 Concessional 84 1,183 2,364 2,144 2,942 2,273 2,703 2,254 2,509 2,481 Bilateral 1,119 1,956 2,608 2,575 2,992 2,304 2,580 3,733 3,916 4,175 Concessional 1,002 1,754 2,044 1,995 2,419 2,004 1,839 2,305 3,213 1,937 Private creditors 121 1,042 3,081 4,462 3,905 3,377 3,272 3,317 6,105 1,432 Bonds 0 0 427 0 150 86 425 1,075 4,299 100 Commercial banks 16 797 2,067 2,118 1,062 1,902 1,798 1,753 1,177 290 Other private 105 245 587 2,344 2,692 1,389 1,049 489 629 1,042 Private nonguaranteed 28 297 253 1,455 1,298 1,934 1,486 2,564 1,109 2,481 Bonds 0 0 0 794 412 520 785 1,371 300 0 Commercial banks 28 297 253 661 885 1,414 701 1,193 809 2,481 Memo: IBRD 108 190 1,576 1,566 1,055 860 1,056 1,032 664 1,053 IDA 84 928 1,584 1,427 1,860 1,372 1,634 1,500 1,602 1,741 PRINCIPAL REPAYMENTS 461 1,226 4,148 6,017 8,185 9,597 9,084 10,194 8,913 7,514 Public and publicly guaranteed 435 1,128 3,789 5,347 7,794 9,100 8,542 9,559 8,314 6,624 Official creditors 323 940 2,420 3,381 4,340 5,786 4,635 6,557 5,270 3,969 Multilateral 64 135 1,011 1,534 1,867 2,227 1,875 2,027 1,986 1,998 Concessional 0 24 241 354 395 470 505 566 631 574 Bilateral 259 805 1,409 1,848 2,473 3,559 2,760 4,530 3,284 1,971 Concessional 166 731 1,257 1,399 1,981 3,034 2,289 3,604 2,662 1,218 Private creditors 113 188 1,369 1,965 3,453 3,313 3,907 3,002 3,045 2,655 Bonds 3 0 280 338 404 311 1.242 2 264 267 Commercial banks 12 44 371 829 1,685 1,983 1,695 1,342 984 861 Other private 98 145 718 798 1,365 1,019 970 1,657 1,796 1,527 Private nonguaranteed 26 98 359 670 391 498 542 635 599 890 Bonds 0 0 0 0 0 0 0 150 149 149 Commnercial banks 26 98 359 670 391 498 542 485 450 741 Memo: IBRD 64 99 553 926 1,019 1,173 1,077 1,036 1,049 1,127 IDA 0 19 151 239 269 318 340 366 421 480 NET FLOWS ON DEBT 1,005 3,484 6,233 6,854 4,873 1,986 2,835 3,510 6,318 5,156 Public and publicly guaranteed 1,003 3,286 6,339 6,070 3,966 549 1,891 1,581 5,807 3,565 Official creditors 995 2,432 4,628 3,573 3,515 486 2,526 1,265 2,747 4,788 Multilateral 134 1,281 3,428 2,845 2,996 1,741 2,706 2,063 2,115 2,584 Concessional 84 1,160 2,123 1,790 2,546 1,802 2,198 1,688 1,878 1,907 Bilateral 861 1,150 1,200 728 519 -1,255 -180 -797 632 2,204 Concessional 836 1,023 787 596 438 -1,030 -449 -1,300 551 719 Private creditors 8 854 1,712 2,497 451 64 -635 315 3,061 -1,223 Bonds -3 0 147 -338 -254 -226 -817 1,073 4,035 -167 Commercial banks 4 753 1,696 1,289 -622 -81 103 411 193 -571 Other private 8 101 -131 1,546 1,327 370 80 -1,169 -1,167 -485 Private nonguaranteed 2 199 -107 784 906 1,436 944 1,929 510 1,591 Bonds 0 0 0 794 412 520 785 1,221 151 -149 Commercial banks 2 199 -107 -10 494 916 159 708 359 1,740 Memo: IBRD 44 91 1,023 640 37 -314 -21 -5 -384 -74 IDA 84 909 1,433 1,188 1,591 1,054 1,295 1,133 1,181 1,261 46 SOUTH ASIA (US$ million, unless otherwise indicated) 1970 1980 1990 1993 1994 1995 1996 1997 1998 1999 INTEREST PAYMENTS (LINT) 282 864 4,734 4,694 5,380 5,723 5,373 5,785 6,204 6,561 Public and publicly guaranteed 276 832 4,587 4,489 4,897 5,060 4,823 5,465 5,586 5,971 Official creditors 236 653 2,314 2,670 2,928 3,009 2,792 2,668 2,747 2,895 Multilateral 58 181 1,072 1,434 1,565 1,645 1,512 1,428 1,362 1,470 Concessional 9 55 206 268 293 318 322 325 329 353 Bilateral 179 472 1,241 1,236 1,363 1,365 1,281 1,240 1,385 1,425 Concessional 137 443 1,073 1,051 1,142 1,102 1,016 901 804 869 Private creditors 40 179 2,273 1,819 1,970 2,050 2,031 2,797 2,839 3,076 Bonds 1 0 182 258 221 192 590 117 139 353 Commercial banks 3 123 1,806 1,246 1,218 1,313 935 2,247 2,340 2,430 Other private 36 56 285 315 530 545 506 433 361 293 Private nonguaranteed 6 32 148 206 483 663 550 321 618 590 Bonds 0 0 0 1 21 58 91 156 268 256 Comimercial banks 6 32 148 205 462 604 459 165 351 334 Memo: IBRD 48 104 753 918 979 995 890 789 723 734 IDA 9 47 150 185 197 215 216 217 225 234 NET TRANSFERS ON DEBT 723 2,620 1,498 2,160 -507 -3,737 -2,538 -2,276 113 -1,405 Public and publicly guaranteed 727 2,453 1,753 1,581 -931 -4,510 -2,932 -3,884 222 -2,406 Official creditors 759 1,778 2,314 903 588 -2,524 -266 -1,403 0 1,893 Multilateral 77 1,100 2,356 1,411 1,432 96 1,195 634 754 1,114 Concessional 75 1,105 1,918 1,523 2,254 1,484 1,877 1,362 1,548 1,554 Bilateral 682 678 -42 -508 -844 -2,620 -1,461 -2,037 -753 779 Concessional 700 580 -286 -455 -705 -2,132 -1,466 -2,201 -253 -150 Private creditors -32 675 -561 678 -1,519 -1,987 -2,666 -2,481 221 -4,299 Bonds -4 0 -35 -596 -475 -418 -1,407 957 3,896 -520 Commercial banks 1 631 -110 43 -1,841 -1,394 -833 -1,836 -2,147 -3,001 Other private -28 44 416 1,231 797 -175 -426 -1,602 -1,528 -778 Private nonguaranteed -4 167 -255 579 424 774 394 1,608 -108 1,001 Bonds a 0 0 793 392 462 694 1,065 -117 -405 Commercial banks -4 167 -255 -215 32 312 -300 543 9 1,406 Memo: IBRD -4 -13 271 -278 -942 -1,309 -911 -794 -1,107 -808 IDA 75 862 1,282 1,004 1,393 839 1,078 916 956 1,027 DEBT SERVICE (LTDS) 743 2,090 8,883 10,711 13,565 15,320 14,457 15,979 15,117 14,075 Public and publicly guaranteed 711 1,960 8,376 9,835 12,691 14,159 13,365 15,023 13,900 12,595 Official creditors 559 1,594 4,734 6,051 7,268 8,796 7,427 9,225 8,016 6,864 Multilateral 121 316 2,083 2,968 3,432 3,872 3,387 3,456 3.347 3,468 Concessional 10 78 447 621 688 789 827 892 960 927 Bilateral 438 1,277 2,650 3,083 3,836 4,924 4,041 5,770 4.669 3,396 Concessional 303 1,174 2,330 2,450 3,124 4,136 3,305 4,505 3,466 2,087 Private creditors 152 367 3,642 3,784 5,423 5,363 5,938 5,798 5,884 5,731 Bonds 4 0 462 596 625 503 1,832 119 403 620 Commnercial banks 15 166 2,177 2,076 2,903 3,296 2,631 3,589 3,324 3,291 Other private 133 201 1,003 1,113 1,895 1,564 1,476 2,090 2,157 1,820 Private nonguaranteed 32 130 507 876 874 1,161 1,092 956 1,217 1,480 Bonds 0 0 0 1 21 58 91 306 417 405 Commercial banks 32 130 507 875 853 1,102 1,001 649 800 1,075 Memo: EBRD 112 204 1,306 1,843 1,998 2,169 1,968 1,825 1,771 1,861 IDA 10 66 301 423 466 533 556 584 646 714 UNDISBURSED DEBT 3,419 14,301 41,877 39,715 39,754 36,562 34,709 32,681 30,143 Official creditors 3,041 12,954 38,809 35,045 36,358 34,512 32,675 29,325 27,306 Private creditors 379 1,347 3,068 4,670 3,396 2,050 2,034 3,356 2,838 Memoranduim items Concessional LDOD 8,891 28,222 73,147 82,147 90,748 89,034 80,731 76,893 82,824 85,745 Variable rate LDOD 105 1,008 14,692 21,506 27,553 27,433 30,003 33,928 34,932 Public sector LDOD 10,777 31,006 105,448 125,517 133,895 128,477 125,494 126,460 136,670 Private sector LDOD 550 852 2,497 3,649 8,436 8,975 10,307 12,332 12,018 6. CURRENCY CO)NPOSIT[ON OF LONG-TER1AI DEBT EPERCENTI Deutsche mark 9.7 8.3 5.9 5.3 5.9 5.8 5.2 4.6 4,8 French franc 1.5 2.3 1.7 1.6 1.9 2.0 1.8 1.7 1.7 Japanese yen 5.5 8.8 11.9 15.0 17.3 16.1 14.8 13.6 15.1 Pound sterling 22.5 17.7 4.8 3.8 3.4 3.4 3.2 3.0 2.7 Swiss franc 0.4 0.3 0.5 0.5 0.6 0.6 0.5 0.4 0.3 U.S.dollars 42.0 41.9 51.6 48.4 43.7 44.3 47.1 50.9 50.6 Multiple currency 8.5 7.3 13.6 16.9 18.8 19.2 18.7 17.6 17.1 Special drawing rights 0.0 0.0 0.8 0.8 1.0 1.1 1.3 1.3 1.4 All other currencies 9.9 9.6 4.6 3.6 3.4 3.3 3.2 2.8 2.5 47 SOUTH ASIA (US$ million, unless otherwise indicated) 1970 1980 1990 1993 1994 1995 1996 1997 1998 1999 7. DEBT RESTRUCTURINGS Total amount rescheduled 0 0 0 0 0 0 1 0 0 Debt stock rescheduled 0 0 0 0 0 0 0 0 0 Principal rescheduled 0 0 0 0 0 0 0 0 0 Official 0 0 0 0 0 0 0 0 0 Private 0 0 0 0 0 0 0 0 0 Interest rescheduled 0 0 0 0 0 0 0 Official 0 0 0 0 0 0 0 0 0 Private 0 0 0 0 0 0 0 0 0 Debt forgiven 0 6 0 2 2 7 0 0 0 Memo: interest forgiven 0 0 0 0 0 0 0 0 0 Debt stock reduction 0 0 0 0 0 0 0 0 0 of which debt buyback 0 0 0 0 0 0 0 0 0 8. DEBT STOCK-FLOW RECONCILIATION Total change in debt stocks 13,280 5,051 14,117 -4,758 -1,849 -263 8,516 Netflowsondebt 1,180 5,850 8,495 1,815 5,021 2,259 2,734 579 4,691 6,423 Net change in interest arrears 5 8 13 10 69 -5 142 Interest capitalized 0 0 0 0 0 0 0 Debt forgiveness or reduction 0 -2 -2 -7 0 0 0 Cross-currency valuation .. 2,533 2,097 8,112 -3,795 -5,114 -3,376 2,864 Residual .. .. 2,247 1,134 974 -3,225 463 2,540 820 9. A. ERAGE TERAIS OF NEW COIMITIENY S ALL CREDITORS Interest (%) 2.6 4.7 4.6 4.9 3.5 3.8 4.3 4.6 5.7 Maturity (years) 32.6 32.5 24.7 20.9 25.9 25.0 21.7 19.8 17.6 Grace period (years) 9.8 7.5 7.7 5.8 7.7 7.7 7.0 6.2 6.4 Grantelement(%) 30.5 21.4 25.3 20.3 31.8 24.7 17.8 20.5 29.7 Official creditors Interest (%) 2.3 2.2 3.6 3.3 3.0 3.6 4.0 3.6 4.1 Mawrity (years) 34.9 39.4 28.9 27.2 28.0 26.8 27.0 26.7 27.8 Graceperiod(years) 10.6 8.8 8.1 7.5 8.3 8.1 7.8 7.6 7.7 Grant element (%) 32.5 27.4 28.9 28.0 34.9 26.8 23.3 25.9 47.6 Private creditors Interest (%) 5.9 12.8 6.7 7.5 7.2 5.7 5.2 6.4 7.3 Maturity (years) 11.6 10.9 15.2 10.5 8.6 6.1 7.4 7.9 7.2 Graceperiod(years) 2.7 3.6 6.8 3.1 3.4 3.8 4.7 3.8 5.1 Grant element (%) 12.1 2.6 17.1 7.7 6.1 2.6 2.8 11.1 11.5 Memorandum items Commitments 2,002 8,182 13,719 13,193 10,085 7,788 12,085 12,337 11,575 Official creditors 1,798 6,227 9,524 8,211 8,996 7,120 8,832 7,787 5,835 Private creditors 203 1,956 4,195 4,982 1,088 669 3,253 4,551 5,740 10. GRAPH OF AGGREGATE NET RESOURCE FLOW'S (current prices, US$ million) Aggregate Net Resource Flows Private Flows Official Flows 1 8 ,000 . - -- -- -- - - - ----- .. .. . --....... t16,000 - 1999 1999 1998 1998 14,000 12,000 1997 1997 10,000 / 1996 1996 C 8,000 - 199 1995 6,000- / ...... . ..... 4,000 - 1993 1993 2,000 - 0: :: : ':' ' * -: : . 1992 1992 1992 1993 1994 1995 1996 1997 1998 1999 0 2,000 4,000 6,000 8,000 10,000 -2,000 -1,000 0 1,000 2,000 3,000 4,000 13 Private flows 0 Official flows E] Prvate non-debt flows 0 Private debt flows * Multilateral 1 Bilateral El Grants 48 SUB-SAHARAN AFRICA (US$ millionz, unless otherwise indicated) 1970 1980 1990 1993 1994 1995 1996 1997 1998 1999 1. SUMMT.%AR1 DEBT DATA- TOTAL DEBT STOCKS (EDT) .. 60,820 176,873 194,817 221,308 235,360 231,833 223,067 230,132 231,100 Long-term debt (LDOD) 6,067 46,581 149,374 158,376 177,286 185,918 180,696 174,696 180,250 179,102 Public and publicly guaranteed 5,758 42,014 144,098 153,290 165,455 174,206 170,481 165,274 171,138 169,369 Private nonguaranteed 309 4,567 5,276 5,086 11,830 11,713 10,216 9,423 9,112 9,733 Use of IMF credit 106 3,033 6,612 7,018 7,920 8,674 8,441 7,388 7,388 7,310 Short-term debt 11,206 20,887 29,423 36,102 40,769 42,696 40,983 42,494 44,688 of which interest arrears on LDOD .. 1,710 9,308 16,868 18,475 20,538 20,094 18,181 20,166 20,362 Official creditors 1,606 6,411 12,864 14,206 16,016 16,325 15,445 17,157 Private creditors 104 2,897 4,004 4,269 4,522 3,768 2,736 3,009 Memo: principal arrears on LDOD 1,726 17,514 31,747 35,189 41,313 40,651 38,640 43,027 44,57-1 Official creditors 1,037 9,902 20,509 23,524 28,748 30,322 31,075 34,668 Private creditors .. 689 7,613 11,238 11,665 12,566 10,328 7,565 8,360 Memo: export credits 3,138 54,895 50,744 47,183 45,729 43,593 50,248 49,443 TOTAL DEBT FLOWS Disbursements 1,253 11,786 10,387 9,608 11,868 14,038 10,216 12,698 8,165 11,255 Long-termi debt 1,234 10,569 9,725 8,462 10,950 11,044 9,569 12,175 7,364 10,733 IMF purchases 1 9 1,217 662 1,146 918 2,994 648 523 801 522 Principal repayments 456 3,176 5,587 3,917 7,054 9,443 9,325 10,944 8,899 9,989 Long-term debt 393 2,792 4,634 3,463 6,587 7,071 8,728 9,879 7,787 9,390 IMVrepurchases 63 384 952 454 467 2,372 596 1,066 1,112 599 Net flows on debt 1,533 10,069 7,095 5,891 10,258 7,386 3,263 5,246 -1,241 3,264 of which short-termn debt 1,459 2,295 201 5,444 2,791 2,372 3,493 -507 1,998 Interest payments (INT) 3,512 5,313 3,361 4,774 5,373 5,831 5,097 5,242 5,217 Long-termn debt 194 2,379 4,363 2,698 3,971 3,995 4,824 3,944 4,015 4,014 IMFcharges 0 103 238 138 170 559 123 101 65 65 Short-term debt .. 1,030 712 525 634 819 884 1,052 1,162 1,138 Net transfers on debt 6,556 1,782 2,530 5,483 2,013 -2,568 150 -6,483 -1,953 Total debt service paid (TDS) 6,689 10,900 7,278 11,829 14,816 15,156 16,041 14,142 15,206 Long-term debt 586 5,171 8,997 6,161 10,558 11,066 13,552 13,822 11,802 13,404 lfF repurchases and charges 63 487 1,191 593 637 2,931 720 1,166 1,177 664 Short-term debt (interest only) .. 1,030 712 525 634 819 884 1,052 1,162 1,138 2. AGG REGArIE N ET REiSOURC E FLOWS AND NEFT r'RkNSFE RS tLONG-TERiNlI NET RESOURCE FLOWS 1,667 11,445 18,082 17,437 20,528 23,777 17,696 21,216 14,895 17,509 Net flow of long-term debt (ex. IMF) 841 7,776 5,090 4,999 4,363 3,973 840 2,297 -424 1,343 Foreign direct investment (net) 428 33 834 1,885 3,340 3,521 4,627 7,734 4,394 5,574 Portfolio equity flows 0 0 0 174 860 4,868 2,012 1,507 679 492 Grants (excluding technical coop.) 398 3,636 12,157 10,379 11,965 11,414 10,217 9,678 10,246 10,100 Memo: technical coop. girants 639 2,699 5,151 5,314 4,758 5,057 4,962 4,410 3,948 4,100 official net resource flows 895 7,212 16,799 14,685 15,619 14,276 12,149 11,607 11,444 10,264 private net resource flows 772 4,234 1,283 2,752 4,910 9,501 5,548 9,609 3,452 7,245 NET TRANSFERS 383 5,111 9,228 10,206 11,747 15,355 8,657 13,327 6,679 8,810 Interest on long-term debt 194 2,379 4,363 2,698 3,971 3,995 4,824 3,944 4,015 4,014 Profit remittances on FDI 1,090 3,956 4,490 4,533 4,811 4,427 4,216 3,946 4.202 4,685 Memo: official net transfers 781 6,521 14,087 12,735 13,590 12,263 9,487 9,522 9,409 8.184 private net transfers -398 -1,411 -4,859 -2,529 -1,844 3,093 -830 3,805 -2,730 626 3. MAL5JOR ECONOMIC AGGREGAITS Gross national product (GNP) 59,687 259,402 280,690 274,443 268,025 303,416 314,041 329,318 318,228 304,738 Exports of goods & services (XGS) .. 92,852 84,374 79,127 81,207 96,898 106,562 108,953 96,322 102,670 of which workers remittances .. 775 776 1,548 1,245 1,522 1,707 2,643 2,227 1,951 Imnports of goods & services (MGS) .. 93,307 91,549 92,833 96,107 115,084 118,809 125,331 120,854 122,051 Intemnational reserves (RES) 3,085 22,950 15,417 15,198 17,503 20,976 23,283 29,507 30,306 33,036 Cuffent account balance .. 429 -1,766 -8,461 -8,984 -11,894 -2,360 -9,347 -16,142 -10,264 4. DEBT INDICATORS EDT /XGS (% . 65.5 209.6 246.2 272.5 242.9 217.6 204.7 238.9 225.1 EDT /GNP(% . 23.5 63.0 71.0 82.6 77.6 73.8 67.7 72.3 75.8 TDS /XGS(% . 7.2 12.9 9.2 14.6 15.3 14.2 14.7 14.7 14.8 IINT /XGS (% . 3.8 6.3 4.3 5.9 5.5 5.5 4.7 5.4 5.1 IINT /GNP(% . 1.4 1.9 1.2 1.8 1.8 1.9 1.6 1.7 1.7 RES /EDT(% . 37.7 8.7 7.8 7.9 8.9 10.0 13.2 13.2 14.3 RES / MGS (months) .. 3.0 2.0 2.0 2.2 2.2 2.4 2.8 3.0 3.2 Short-term /EDT (%) .. 18.4 11.8 15.1 16.3 17.3 18.4 18.4 18.5 19.3 Concessional /EDT(% . 26.9 33.1 35.7 34.3 34.3 35.7 37.2 38.7 39.1 Multilateral /EDT (%) .. 12.5 21.6 23.7 23.1 23.2 23.6 24.0 24.8 25.1 49 SUB-SAHARAN AFRICA (US$ million, unless otherwise indicated) 1970 1980 1990 1993 1994 1995 1996 1997 1998 1999 5. LONG-TERM DEBT DEBT OUTSTANDING (LDOD) 6,067 46,581 149,374 158,376 177,286 185,918 180,696 174,696 180,250 179,102 Public and publicly guaranteed 5,758 42,014 144,098 153,290 165,455 174,206 170,481 165,274 171,138 169,369 Official creditors 4,187 25,671 108,737 119,897 130,813 137,419 135,359 130,530 137,565 135,896 Multilateral 869 7,599 38,203 46,097 51,178 54,684 54,678 53,552 57,021 58,060 Concessional 240 3,986 24,001 30,953 35,391 38,877 40,495 41,142 44,848 46,767 Bilateral 3,318 18,072 70,534 73,800 79,636 82,735 80,681 76,978 80,544 77,836 Concessional 2,970 12,385 34,459 38,631 40,462 41,900 42,245 41,783 44,257 43,481 Private creditors 1,571 16,343 35,361 33,394 34,642 36,787 35,122 34,744 33,573 33,473 Bonds 352 637 301 2,744 4,271 4,784 5,048 8,357 8,322 9,847 Commercial banks 128 7,780 14,455 11,900 12,373 13,254 15,816 13,414 12,502 10,964 Other private 1,090 7,927 20,604 18,750 17,998 18,749 14,258 12,973 12,749 12,662 Private nonguaranteed 309 4,567 5,276 5,086 11,830 11,713 10,216 9,423 9,112 9,733 Bonds 0 0 0 0 0 350 600 1,245 1,636 1,476 Commercial banks 309 4,567 5,276 5,086 11,830 11,363 9,616 8,178 7,476 8,257 Memo: IBRD 587 2,548 9,178 8,185 8,072 7,641 6,381 5,302 4,953 4,351 IDA 226 2,577 15,756 21,435 25,121 27,895 29,494 30,267 33,040 34,791 DISBURSEMENTS 1,234 10,569 9,725 8,462 10,950 11,044 9,569 12,175 7,364 10,733 Public and publicly guaranteed 1,133 9,386 9,095 7,997 10,105 10,295 8,587 9,700 6,365 8,376 Official creditors 667 4,244 7,193 6,498 6,287 5,851 5,257 4,900 4,295 4,670 Multilateral 150 1,676 4,554 4,604 5,012 4,231 4,159 4,057 3,433 3,637 Concessional 72 860 2,773 3,123 3,691 3,181 3,366 3,288 2,928 2,784 Bilateral 517 2,568 2,639 1,895 1,276 1,620 1,098 844 861 1,033 Concessional 441 1,697 2,090 1,705 1,149 1,486 832 673 587 777 Private creditors 466 5,142 1,902 1,498 3,818 4,444 3,330 4,801 2,070 3,706 Bonds 12 52 0 0 1,510 541 632 1,278 0 1,810 Commercial banks 16 2,331 374 621 1,437 1,655 1,361 2,140 1,426 832 Other private 437 2,759 1,529 877 871 2,248 1,336 1,383 644 1,064 Private nonguaranteed 101 1,183 630 466 845 748 981 2,475 999 2,357 Bonds 0 0 0 0 0 350 250 645 373 0 Commercial banks 101 1,183 630 466 845 398 731 1,830 626 2,357 Memo: IBRD 75 400 813 516 392 274 229 263 159 88 IDA 61 425 2.034 2,228 2,888 2,392 2,585 2,396 2,099 1,993 PRINCIPAL REPAYMENTS 393 2,792 4,634 3,463 6,587 7,071 8,728 9,879 7,787 9,390 Public and publicly guaranteed 336 2,200 4,169 3,019 5,138 5,826 6,970 6,123 6,419 7,654 Official creditors 171 668 2,552 2,193 2,634 2,989 3,326 2,971 3,097 4,506 Multilateral 33 198 1,349 1,593 1,986 2,027 2,001 1,971 1,858 2,237 Concessional 0 30 268 343 394 435 456 459 500 635 Bilateral 137 471 1,202 600 647 962 1,326 1,000 1,239 2,269 Concessional 110 216 311 419 315 436 424 563 874 737 Private creditors 166 1,532 1,618 826 2,504 2,836 3,644 3,152 3,323 3,148 Bonds 27 24 31 30 37 40 296 283 123 100 Commercial banks 10 721 1,015 387 1,337 1,260 1,689 1,711 2,194 2,135 Other private 129 787 572 409 1,130 1,536 1,660 1,158 1,006 913 Private nonguaranteed 57 592 465 444 1,449 1,245 1,758 3,756 1,368 1,736 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 57 592 465 444 1,449 1,245 1,758 3,756 1,368 1,736 Memo: IBRD 29 III 721 913 1,062 1,056 950 835 743 690 IDA 0 6 51 86 102 120 140 153 187 212 NET FLOWS ON DEBT 841 7,776 5,090 4,999 4,363 3,973 840 2,297 -424 1,343 Public and publicly guaranteed 797 7,186 4,926 4,977 4,967 4,470 1,617 3,577 -55 722 Official creditors 497 3,576 4,642 4,306 3,654 2,862 1,932 1,929 1,198 164 Multilateral 117 1,478 3,204 3,010 3,025 2,204 2,159 2,085 1,575 1,400 Concessional 72 830 2,506 2,780 3,297 2,746 2,910 2,829 2,427 2,149 Bilateral 380 2,098 1,437 1,295 628 658 -227 -156 -378 -1,236 Concessional 330 1,482 1,779 1,286 834 1,050 408 109 -287 40 Private creditors 300 3,610 285 672 1,314 1,608 -315 1,648 -1,253 558 Bonds -14 28 -31 -30 1,473 501 337 995 -123 1,710 Commercial banks 6 1,610 -641 234 100 395 -328 429 -769 -1,303 Other private 308 1,972 957 468 -260 711 -323 225 -361 151 Private nonguaranteed 44 590 165 22 -604 -496 -777 -1,281 -369 621 Bonds 0 0 0 0 0 350 250 645 373 0 Comimercial banks 44 590 165 22 -604 -846 -1,027 -1,926 -742 621 Memo: IBRD 45 289 92 -397 -670 -782 -721 -572 -584 -602 IDA 61 419 1,983 2,142 2,787 2,273 2,445 2,243 1,912 1,781 50 SUB-SAHARAN AFRICA (US$ million, unless otherwise indicated) 1970 1980 1990 1993 1994 1995 1996 1997 1998 1999 INTEREST PAYMENTS (LINT) 194 2,379 4,363 2,698 3,971 3,995 4,824 3,944 4,015 4,014 Public and publicly guaranteed 178 1,929 4,032 2,428 3,452 3,490 4,334 3,461 3,642 3,632 Official creditors 114 691 2,711 1,950 2,029 2,014 2,662 2,086 2,035 2,080 Multilater-al 34 286 1,111 1,209 1,393 1,242 1,372 1,217 1,025 1,021 Concessional 1 29 162 215 240 254 298 302 301 328 Bilateral 79 405 1,600 740 636 771 1,291 868 1,010 1,059 Concessional 61 209 562 545 358 358 492 438 629 666 Private creditors 64 1,238 1,321 478 1,423 1,477 1,672 1,375 1,607 1,552 Bonds 11 13 13 121 189 322 336 348 542 540 Commercial banks 8 857 625 80 334 462 579 638 696 649 Other private 45 368 682 277 900 693 757 389 368 363 Private nonguaranteed 16 451 331 271 519 505 489 483 373 382 Bonds 0 0 0 0 0 0 25 99 101 133 Conmmercial banks 16 451 331 271 519 505 465 384 272 249 Memo: IBRD 32 216 651 686 695 630 527 407 332 295 IDA 1 16 97 138 149 178 185 192 204 223 NET TRANSFERS ON DEBT 648 5,398 728 2,301 392 -22 -3,983 -1,647 -4,439 -2,671 Public and publicly guaranteed 619 5,258 894 2,549 1,515 979 -2,717 116 -3,698 -2,910 Official creditors 383 2,885 1,930 2,356 1,625 849 -730 -157 -838 -1,916 Multilateral 83 1,193 2,094 1,801 1,632 962 787 868 550 379 Concessional 71 801 2,344 2,564 3,057 2,492 2,613 2,527 2,126 1,821 Bilateral 301 1,693 -164 555 -7 -113 -1,518 -1,024 -1,388 -2,295 Concessional 269 1,272 1,218 742 475 692 -85 -329 -915 -626 Private creditors 236 2,373 -1,036 194 -110 131 -1,987 273 -2,860 -994 Bonds -25 15 -44 -151 1,284 179 1 646 -665 1,170 Commercial banks -2 753 -1,266 153 -234 -66 -908 -209 -1,465 -1,952 Other private 263 1,604 274 191 -1,160 18 -1,080 -164 -730 -212 Private nonguaranteed 28 140 -166 -249 -1,123 -1,001 -1,266 -1,763 -741 239 Bonds 0 0 0 0 0 350 226 546 272 -133 Commercial banks 28 140 -166 -249 -1,123 -1,351 -1,492 -2,309 -1,014 372 Memo: IBRD 13 72 -559 -1,083 -1,366 -1,412 -1,248 -978 -915 -897 IDA 60 403 1,886 2,003 2,638 2,094 2,260 2,051 1,709 1,558 DEBT SERVICE (LTDS) 586 5,171 8,997 6,161 10,558 11,066 13,552 13,822 11,802 13,404 Public and publicly guaranteed 514 4,129 8,201 5,447 8,590 9,316 11,305 9,584 10,062 11,286 Official creditors 284 1,359 5,263 4,142 4,663 5,003 5,988 5,057 5,132 6,586 Multilateral 68 484 2,461 2,803 3,379 3,269 3,372 3,189 2,884 3,258 Concessional 1 59 429 559 635 689 754 761 801 963 Bilateral 216 876 2,802 1,340 1,283 1,733 2,616 1,868 2,249 3,328 Concessional 172 425 873 964 674 794 917 1,001 1,503 1,403 Private creditors 230 2,769 2,938 1,304 3,927 4,313 5,317 4,527 4,929 4,700 Bonds 38 37 44 151 226 362 632 631 665 640 Commercial banks 18 1,578 1,640 468 1,671 1,722 2,268 2,349 2,890 2,784 Other private 174 1,155 1,254 686 2,030 2,230 2,417 1,548 1,374 1,276 Private nonguaranteed 72 1,043 796 714 1,968 1,750 2,248 4,238 1,740 2,118 Bonds 0 0 0 0 0 0 25 99 101 133 Commercial banks 72 1,043 796 714 1,968 1,750 2,223 4,139 1,640 1.985 Memo: IBRD 61 328 1,372 1,599 1,758 1,686 1,477 1,241 1,074 985 IDA 1 22 148 224 250 299 325 345 390 435 UNDISBURSED DEBT 2,736 20,793 34,198 31,957 30,832 28,824 24,668 22,047 20,951 Official creditors 2,281 14,316 30,227 29,128 27,952 25,960 22,391 18,902 19,019 Private creditors 455 6,476 3,971 2,829 2,880 2,864 2,277 3,145 1,933 Memorandum items Concessional LDOD 3,210 16,371 58,460 69,583 75,852 80,777 82,740 82,925 89,105 90,248 Variable rate LDOD 356 11,865 29,455 28,230 36,688 37,779 34,971 32,485 30,915 Public sector LDOD 5,697 41,638 143,767 152,885 165,003 173,678 169,931 164,779 170,445 Private sector LDOD 370 4,939 5,603 5,484 12,273 12,212 10,703 9,857 9,747 6. CiJRRENC, CONIPOSITION OF LONG-TERM DFBT IPERCENT) Deutsche mark 6.6 7.0 6.4 5.2 5.7 5.7 5.0 4.6 4.7 French franc 14.4 13.8 14.1 13.1 12.7 12.9 12.3 10.6 10.8 Japanese yen 0.1 5.4 4.0 5.1 5.4 5.4 5.0 4.9 5.5 Pound sterling 22.5 5.7 5.4 3.9 3.8 3.6 4.0 3.9 3.8 Swiss franc 0.3 1.7 2.1 1.8 1.6 1.7 1.5 1.4 1.4 U.S.dollars 21.5 35.4 36.5 40.2 40.6 41.0 43.3 47.0 47.2 Multiple currency 11.2 8.8 10.4 10.5 10.2 10.0 9.3 8.7 7.6 Special drawing rights 0.0 0.0 0.6 0.9 0.9 1.0 1.0 1.0 1.1 All other currencies 23.4 22.1 20.5 19.4 18.9 18.7 18.4 17.8 17.9 5] SUB-SAHARAN AFRICA (US$ million, unless otherwise indicated) 1970 1980 1990 1993 1994 1995 1996 1997 1998 1999 7. DEBT RESTRLiCTUTRINGS Total amount rescheduled 0 444 5,990 854 6,327 3,039 4,506 6,435 1,945 Debt stock rescheduled 0 0 91 1 74 144 198 2 0 Principal rescheduled 0 269 3,970 524 3,111 1,655 2,500 2,150 1,007 Official 0 120 2,696 340 1,819 1,160 1,445 1,787 910 Private 0 149 1,274 184 1,292 494 1,055 363 97 Interest rescheduled 1,764 254 2,197 702 904 2,186 508 Official 0 31 1,416 207 1,817 599 683 1,257 461 Private 0 31 348 47 380 103 221 929 47 Debt forgiven 3 187 1,593 842 3,479 1,260 4,032 715 309 Memo: interestforgiven 0 0 87 131 429 214 161 267 572 Debt stock reduction 0 0 312 172 460 361 1,379 4,813 321 of which debt buyback 0 0 0 17 8 29 302 169 17 S. DEBT STOCK-FLOW RECONCILIATION Total change in debt stocks 19,802 12,128 26,491 14,053 -3,528 -8,766 7,065 Netflows on debt 1,533 10,069 7,095 5,891 10,258 7,386 3,263 5,246 -1,241 3,264 Net change in interest arrears 2,219 3,759 1,608 2,063 -445 -1,912 1,984 Interest capitalized .. .. 1,764 254 2,197 702 904 2,186 508 Debt forgiveness or reduction .. .. -1,905 -996 -3,931 -1,592 -5,110 -5,358 -613 Cross-currency valuation .. .. 9,605 -2,107 6,468 4,164 -4,557 -6,937 4,311 Residual .. .. 1,025 5,327 9,891 1,331 2,418 -1,991 2,116 9. AVERAGE TERMS OF NEW CONIITMENIS ALL CREDITORS Interest (%) 3.7 7.0 4.3 3.2 4.0 3.8 3.8 4.7 2.2 Maturity (years) 23.9 17.3 25.3 27.3 22.1 22.1 22.9 19.4 30.8 Grace period (years) 9.7 5.0 6.9 7.7 6.1 5.3 6.2 6.0 7.6 Grantelement(%) 47.5 21.7 43.5 51.6 42.1 41.9 43.6 33.5 61.4 Official creditors Interest (%) 2.0 4.1 3.5 2.6 2.4 1.9 1.8 1.6 1.3 Maturity (years) 32.0 25.1 28.3 31.8 31.7 32.0 32.9 37.4 35.8 Grace period (years) 14.3 6.7 7.8 8.9 8.4 8.7 8.8 9.2 8.9 Grant element (%) 67.4 42.7 51.2 60.6 61.4 65.8 66.9 70.8 72.4 Private creditors Interest (%) 6.6 10.0 8.1 6.0 6.3 5.8 6.4 6.6 6.9 Maturity (years) 10.2 9.4 11.7 7.8 7.9 12.1 10.1 8.4 7.7 Grace period (years) 1.8 3.3 2.8 2.2 2.8 1.8 2.9 4.1 1.2 Grantelement(%) 13.3 0.2 7.7 12.6 13.5 17.6 13.9 10.7 10.4 Memorandum items Commitments 1,890 13,280 11,512 7,634 9,530 9,203 7,849 10,008 6,044 Official creditors 1,194 6,718 9,476 6,196 5,684 4,636 4,403 3,806 4,976 Private creditors 696 6,562 2,035 1,438 3,846 4,567 3,447 6,202 1,068 10. (;R.PH OF AGGREGATE NET RESOLIRCE FLOWS (current prices, US$ million) Aggregate Net Resource Flows Private Flows Official Flows 25,000 . 1999 1999 20,000- 1998 1998 1997 1997 15,000 1996 1996 1995 1995 10,000 1994 I 1994 5,000 -1993 1993 1992 1992 1992 1993 1994 1995 1996 1997 1998 1999 -4,000 -2,000 0 2,000 4,000 6,000 8,000 10,000 -5,000 0 5,000 10,000 15,000 13 Private flows C1 Official flows O Pdvate non-debt flows 0 Private debt flows S Multilateral W Bilateral 0 Grants 52 LOW-INCOME COUNTRIES (US$ million, unless otherwise indicated) 1970 1980 1990 1993 1994 1995 1996 1997 1998 1999 I. SUMMARY DEBT DATA TOTAL DEBT STOCKS (EDT) 131,253 477,947 563,685 624,255 662,587 669,124 680,146 721,592 730,215 Long-term debt (LDOD) 20,286 108,649 406,677 475,928 530,979 553,875 550,663 559,310 610,973 619,084 Public and publicly guaranteed 19,392 100,419 389,596 453,459 491,857 504,768 497,197 494,235 511,587 526,586 Private nonguaranteed 894 8,230 17,081 22,469 39,122 49,107 53,466 65,075 99,386 92,498 Use of IMF credit 318 5,310 11,752 13,504 14,383 13,553 12,336 13,971 20,516 22,508 Short-term debt 17,294 59,518 74,252 78,893 95,159 106,125 106,864 90,103 88,623 of which interest arrears on LDOD 1,724 12,985 20,797 23,663 25,446 24,218 20,669 23,057 23,253 Official creditors 1,611 8,657 15,468 17,970 20,145 19,675 17,796 19,841 Private creditors 112 4,327 5,329 5,692 5,301 4,543 2,872 3,216 Memo: principal arrears on LDOD 1,764 23,717 43,579 51,185 58,251 57,045 49,971 58,440 59,990 Official creditors .. 1,046 13,580 30,055 36,757 43,492 44,422 41,627 46,436 Private creditors 718 10,137 13,523 14,429 14,759 12,622 8,344 12,004 Memo: export credits 357 78,129 88,112 96,596 102,535 103,111 114,365 119,141 TOTAL DEBT FLOWS Disbursements 3,426 24,796 43,277 51,073 51,956 59,449 64,592 71,710 53,285 51,757 Long-term debt 3,354 21,984 40,776 50,005 50,304 55,843 63,303 67,521 46,063 48,612 IMF purchases 72 2,812 2,502 1,069 1,652 3,606 1,290 4,189 7,221 3,145 Principal repayments 1,287 6,843 20,846 26,430 30,395 38,793 42,983 42,776 39,895 43,127 Long-term debt 979 6,139 18,133 25,539 28,632 34,411 40,933 40,999 38,396 41,911 IMF repurchases 308 704 2,713 891 1,764 4,381 2,050 1,778 1,498 1,216 Net flows on debt 3,641 21,585 32,213 20,153 23,707 35,325 33,805 36,514 -2,758 1,195 of which short-termdebt 3,632 9,783 -4,490 2,147 14,669 12,195 7,581 -16,147 -7,435 Interest payments (INT) -- 6,452 18,858 17,646 20,535 23,263 22,916 24,498 25,816 27,513 Long-termndebt 517 4,735 15,125 14,436 17,136 18,753 19,259 20,055 21,360 23,844 IMEcharges 0 153 585 504 417 775 266 195 323 474 Short-term debt .. 1,565 3,147 2,706 2,981 3,736 3,391 4,249 4,132 3,195 Net transfers on debt .. 15,133 13,355 2,506 3,172 12,062 10,889 12,016 -28,573 -26,318 Total debt service paid (TDS) -- 13,295 39,705 44,077 50,931 62,056 65,899 67,274 65,711 70,640 Long-term debt 1,495 10,873 33,259 39,975 45,769 53,164 60,192 61,054 59,757 65,755 Ih4Erepurchases and charges 308 857 3,299 1,396 2,181 5,156 2,317 1,973 1,822 1,690 Short-termndebt (interest only) .. 1,565 3,147 2,706 2,981 3,736 3,391 4,249 4,132 3,195 2. AGG REGATE NE T RESOLURCE FlOW%S AN D NEt. TRAiNSFERS (LONG-TERNI i NET RESOURCE FLOWS 3,662 23,264 44,282 80,971 94,960 96,269 105,536 112,317 77,859 75,569 Net flow of long-term debt (ex. IvMF 2,375 15,845 22,642 24,466 21,672 21,431 22,370 26,523 7,667 6,701 Foreign direct investment (net) 270 250 5,732 34,307 41,378 47,502 56,047 60,837 53,517 49,526 Portfolio equity flows 0 0 417 8,382 14,640 10,423 12,312 11,128 1,921 5,615 Grants (excluding technical coop.) 1,018 7,170 15,491 13,816 17,270 16,913 14,807 13,830 14,755 13,727 Memo: technical coop. grants 1,039 3,925 8,108 8,445 7,868 8,609 8,405 7,200 6,715 6,667 official net resource flows 2,868 15,032 29,451 28,968 30,105 29,733 23,669 23,173 25,495 26,689 private net resource flows 794 8,232 14,831 52,003 64,855 66,535 81,866 89,144 52,365 48,880 NET TRANSFERS 2,238 12,652 25,685 62,371 73,242 72,458 79,939 85,497 49,268 42,584 Interest on long-term debt 517 4,735 15,125 14,436 17,136 18,753 19,259 20,055 21,360 23,844 Profit rerrittances on FDI 908 5,877 3,472 4,164 4,582 5,060 6,338 6,766 7,231 9,141 Memo: official net transfers 2,504 13,321 22,194 20,974 21,151 20,442 14,339 14,204 16,306 16,723 private net transfers -266 -669 3,491 41,398 52,091 52,016 65,600 71,294 32,963 25,861 3. N.L5JOR ECONONIIC AGG;REG.ATES Gross national product (GNP) 248,430 742,411 1,106,437 1,156,429 1,325,793 1,573,076 1,780,707 1,888,841 1,838,357 1,958,244 Exports of goods & services (XGS) ... 185,363 236,491 286,825 346,745 396,962 445,581 427,189 480,308 of whiich workers rem-ittances .. 5,603 6,976 10,067 13,326 14,050 19,904 23,895 17,265 16,951 Imports of goods & services (MGS) ... 201,333 280,336 312,580 390,740 434,135 459,353 442,572 489,939 Intemnational reserves (RES) .. 46,984 60,751 67,937 113,835 138,010 179,247 219,236 234,632 253,513 Current account balance .. -8,406 -7,516 -32,608 -14,735 -29,537 -19,707 460 4,896 -7,680 4. DEBT INDICAXTORS EDT /XGS ()... 257.8 238.4 217.6 191.1 168.6 152.6 168.9 152.0 EDT /GNP(% . 17.7 43.2 48.7 47.1 42.1 37.6 36.0 39.3 37.3 TDS /XGS(% ... 21.4 18.6 17.8 17.9 16.6 15.1 15.4 14.7 INT / XGS ()... 10.2 7.5 7.2 6.7 5.8 5.5 6.0 5.7 INT /GNP(% . 0.9 1.7 1.5 1.6 1.5 1.3 1.3 1.4 1.4 RES /EDT(% . 35.8 12.7 12.1 18.2 20.8 26.8 32.2 32.5 34.7 RES / MGS (months) . 3.6 2.9 4.4 4.2 5.0 5.7 6.4 6.2 Short-term /EDT (%) .. 13.2 12.5 13.2 12.6 14.4 15.9 15.7 12.5 12.1 Concessional /EDT (% . 43.7 40.5 39.7 39.4 37.8 36.2 32.3 33.7 38.2 Multilateral / EDT (% . 15.1 20.8 22.6 23.2 23.0 22.6 22.1 22.8 23.7 53 LOW-INCOME COUNTRIES (US mllon unes ohewis idiatd) 1970 1980 1990 1993 1994 1995 1996 1997 1998 1999 5. LONG-TERM% DEBT DEBT OUTSTANDING (LDOD) 20,286 108,649 406,677 475,928 530,979 553,875 550,663 559,310 610,973 619,084 Public and publicly guaranteed 19,392 100,419 389,596 453,459 491,857 504,768 497,197 494,235 511,587 526,586 Official creditors 16,882 71,387 279,876 331,830 365,013 376,772 366,389 347,803 375,057 388,173 Multilateral 3,127 19,848 99,613 127,623 144,510 152,273 151,155 150,346 164,393 173,369 Concessional 1,623 13,294 57,529 73,690 84,046 90,331 93,936 96,101 104,985 112,507 Bilateral 13,755 51,539 180,264 204,208 220,504 224,499 215,234 197,457 210,663 214,804 Concessional 12,446 44,066 136,125 150,285 161,809 160,092 148,114 123,243 138,113 166,645 Private creditors 2,510 29,032 109,721 121,628 126,844 127,996 130,808 146,432 136,530 138,413 Bonds 340 883 9,061 14,561 17,961 17,636 16,186 21,702 26,967 26.790 Commercial banks 200 13,896 56,354 58,263 54,522 54,988 60,595 76,103 70,876 67,875 Other private 1,970 14,253 44,305 48,805 54,361 55,373 54,027 48,627 38,688 43,748 Private nonguaranteed 894 8,230 17,081 22,469 39,122 49,107 53,466 65,075 99,386 92,498 Bonds 0 0 120 2,583 3,535 5,575 10,544 16,170 14,735 13,739 Commercial banks 894 8,230 16,961 19,887 35,586 43,532 42,922 48,905 84,651 78,759 Memo: IBRD 1.444 4.922 31,504 36,776 40,369 40,634 37,202 34,956 36,655 37,481 IDA 1,587 10,529 41,705 54,232 62,048 66,655 69,816 71,750 77,766 81,821 DISBURSEMENTS 3,354 21,984 40,776 50,005 50,304 55,843 63,303 67,521 46,063 48,612 Public and publicly guaranteed 3,021 19,735 34,928 46,569 43,692 45,994 47,275 49,966 40,740 44,172 Official creditors 2,358 9,867 21,670 23,960 24,332 26,366 23,438 24,567 24,558 28,006 Multilateral 376 3,772 11,989 13,378 14,965 13,680 14,345 14,194 13,914 15,349 Concessional 170 2,290 5,805 6,276 7,823 7,116 7,980 7,457 7,219 7,373 Bilateral 1,982 6,095 9,681 10,582 9,367 12,685 9,093 10,374 10,644 12,657 Concessional 1,798 4,624 7,741 6,417 7,022 6,940 6,081 4,918 9,037 6,965 Private creditors 662 9.868 13,258 22,609 19,360 19,629 23,837 25,399 16,182 16,166 Bonds 6 147 704 2,889 3,487 1,914 3,712 4,255 5,559 1,760 Commercial banks 44 4,171 6,144 9,481 4,712 8,835 9,692 10,562 5,398 3,411 Other private 613 5.550 6,410 10,240 11,161 8,879 10,433 10,581 5,225 10,995 Private nonguaranteed 333 2,249 5,848 3,435 6,612 9,848 16,027 17,555 5,323 4,440 Bonds 0 0 120 1,611 907 2,827 4,695 6,267 1,269 0 Commercial banks 333 2,249 5,728 1,824 5,704 7,021 11,332 11,288 4,054 4,440 Memo: IBRD 194 939 4,024 4,273 4,040 3,681 3,466 3,743 3,516 3,979 IDA 147 1,478 4,125 4,565 5,747 4,956 5,721 5,336 4,984 5,161 PRINCIPAL REPAYMENTS 979 6,139 18,133 25,539 28,632 34,411 40,933 40,999 38,396 41,911 Public and publicly guaranteed 832 4,711 16,078 20,978 24,240 29,106 33,047 32,257 26,858 30,977 Official creditors 508 2,005 7,710 8,808 11,498 13,545 14,577 15,224 13,818 15,044 Multilateral 98 392 3,335 4,534 6,239 6,184 7,537 6,435 5,522 6,529 Concessional 1 62 575 810 940 1,087 1,115 1,172 1,281 1,473 Bilateral 410 1,613 4,376 4,275 5,259 7,362 7,040 8,790 8,296 8,515 Concessional 293 1,142 2,515 2,795 3,567 5,124 4,352 5,696 6,139 3,541 Private creditors 325 2,707 8,368 12,170 12,742 15,561 18,470 17,032 13,040 15,933 Bonds 26 29 730 1,676 895 1,806 3,082 1,149 348 1,936 Commercial banks 30 967 3.874 6,017 5,201 6,849 9,028 9,246 7,101 7,267 Other private 268 1,711 3,764 4,478 6,647 6,907 6,360 6,637 5,591 6,730 Private nonguaranteed 147 1,427 2,055 4,561 4,392 5,305 7,886 8,742 11,539 10,934 Bonds 0 0 0 0 0 120 225 666 997 997 Commnercial banks 147 1,427 2,055 4,561 4,392 5,185 7,661 8,076 10.542 9,937 Memo: IBRD 92 238 2,072 2,855 3,639 3,537 3,787 3,374 2,929 3,104 IDA 0 26 220 352 410 493 537 579 673 779 NET FLOWS ON DEBT 2,375 15,845 22,642 24,466 21,672 21,431 22,370 26,523 7,667 6,701 Public and publicly guaranteed 2,188 15,023 18,850 25,591 19,453 16,888 14,229 17,709 13,882 13,195 Official creditors 1,851 7,862 13,960 15,152 12,835 12,821 8,862 9,343 10,740 12,962 Multilateral 278 3,380 8,654 8,844 8,727 7,497 6,808 7,759 8,392 8,820 Concessional 169 2,228 5,229 5,466 6,882 6,029 6,865 6,284 5,938 5,900 Bilateral 1,573 4,483 5,306 6,308 4,108 5,324 2,054 1,584 2,348 4,142 Concessional 1,505 3,482 5,226 3,621 3,454 1,817 1,729 -779 2,898 3,424 Private creditors 337 7,161 4,890 10,440 6,618 4,067 5,367 8,366 3,142 233 Bonds -20 118 -26 1,213 2,592 109 631 3,107 5,210 -176 Commercial banks 14 3,204 2,270 3,464 -488 1,986 663 1,316 -1,703 -3,856 Other private 344 3,838 2,646 5,762 4,513 1,973 4,073 3,944 -365 4,265 Private nonguaranteed 187 821 3,792 -1,125 2,220 4,543 8,141 8,813 -6,216 -6,494 Bonds 0 0 120 1,611 907 2,707 4,470 5,602 272 -997 Commercial banks 187 821 3,672 -2,737 1,312 1,836 3,671 3,212 -6,487 -5,497 Memo: MBRD 103 701 1,952 1,418 401 144 -321 370 587 875 IDA 147 1,453 3,906 4,213 5,337 4.463 5,184 4,757 4,311 4,382 54 LOW-INCOME COUNTRIES (US$ million, unless otherwise indicated) 1970 1980 1990 1993 1994 1995 1996 1997 1998 1999 INTEREST PAYMENTS (LINT) 517 4,735 15,125 14,436 17,136 18,753 19,259 20,055 21,360 23,844 Public and publicly guaranteed 473 3,872 14,049 13,074 15,462 16,650 16,928 17,518 16,942 17,180 Official creditors 365 1,711 7,258 7,995 8,954 9,292 9,331 8,970 9,189 9,966 Multilateral 92 617 3,478 4,360 4,931 5,031 4,854 4,496 4,372 4,906 Concessional 10 106 428 571 647 708 748 759 783 850 Bilateral 272 1,094 3,780 3,634 4,023 4,261 4,477 4,474 4,818 5,060 Concessional 214 787 2,347 2,710 2,736 2,739 2,612 2,434 2,451 2,747 Private creditors 108 2,161 6,791 5,079 6,509 7,358 7,598 8,548 7,753 7,214 Bonds 11 30 625 693 728 933 1,311 957 934 1,161 Commercial banks 13 1,323 4,071 2,623 2,773 3,492 3,332 4,833 4,447 4,142 Other private 84 808 2,095 1,764 3,007 2,933 2,955 2,758 2,373 1,911 Private nonguaranteed 44 862 1,077 1,362 1,674 2,103 2,331 2,537 4,418 6,664 Bonds 0 0 0 53 138 231 420 777 1,200 1,094 Commercial banks 44 862 1,077 1,309 1,536 1,872 1,910 1,760 3,218 5,570 Memo: IBRD 79 419 2,386 2,773 2,969 3,024 2,770 2,420 2,338 2,539 IDA 10 70 279 366 401 469 476 488 511 551 NET TRANSFERS ON DEBT 1,858 11,111 7,517 10,030 4,536 2,679 3,111 6,467 -13,694 -17,143 Public and publicly guaranteed 1,716 11,152 4,801 12,517 3,990 238 -2,699 191 -3,060 -3,985 Official creditors 1,486 6,151 6,702 7,157 3,881 3,529 -469 373 1,551 2,996 Multilateral 186 2,762 5,177 4,485 3,795 2,466 1,954 3,262 4,021 3,914 Concessional 159 2,122 4,802 4,894 6,235 5,320 6,118 5,525 5,156 5,050 Bilateral 1,300 3,389 1,526 2,673 85 1,063 -2,422 -2,889 -2,470 -918 Concessional 1,291 2,695 2,881 912 719 -922 -883 -3,213 448 677 Private creditors 229 5,000 -1,900 5,360 109 -3,291 -2,231 -182 -4,610 -6,981 Bonds -31 89 -650 520 1,864 -824 -680 2,149 4,277 -1,337 Commercial banks 1 1,881 -1,801 841 -3,261 -1,506 -2,669 -3,517 -6,149 -7,998 Other private 260 3,030 551 3,998 1,506 -960 1,118 1,185 -2,738 2,354 Private nonguaranteed 143 -41 2,716 -2,488 546 2,441 5,810 6,277 -10,634 -13,158 Bonds 0 0 120 1,558 769 2,476 4,050 4,825 -929 -2,091 Commercial banks 143 -41 2,596 -4,046 -223 -35 1,760 1,452 -9,705 -11,067 Memo: IBRD 23 282 434 -1,355 -2,568 -2,880 -3,091 -2,050 -1,750 -1,664 IDA 137 1,383 3,627 3,847 4,936 3,994 4,709 4,269 3,800 3,831 DEBT SERVICE (LTDS) 1,495 10,873 33,259 39,975 45,769 53,164 60,192 61,054 59,757 65,755 Public and publicly guaranteed 1,305 8,583 30,126 34,052 39,703 45,756 49,975 49,775 43,800 48,157 Official creditors 872 3,716 14,968 16,803 20,452 22,837 23,908 24,195 23,007 25,010 Multilateral 190 1,009 6,812 8,893 11,170 11,214 12,392 10,931 9,894 11,435 Concessional 11 169 1,003 1,382 1,588 1,795 1,863 1,932 2,063 2,323 Bilateral 682 2,707 8,156 7,910 9,282 11,623 11,517 13,263 13,114 13,575 Concessional 508 1,929 4,861 5,505 6,302 7,862 6,964 8,131 8,590 6,288 Private creditors 433 4,868 15,159 17,249 19,251 22,919 26,068 25,580 20,793 23,147 Bonds 37 58 1,354 2,369 1,623 2,739 4,393 2,106 1,282 3,097 Commercial banks 43 2,290 7,945 8,640 7,974 10,341 12,360 14,078 11,548 11,409 Other private 352 2,520 5,860 6,242 9,654 9,840 9,315 9,396 7,963 8,641 Private nonguaranteed 190 2,290 3,132 5,923 6,066 7,407 10,217 11,278 15,957 17,598 Bonds 0 0 0 53 138 351 645 1,443 2,198 2,091 Commercial banks 190 2,290 3,132 5,870 5,928 7,057 9,572 9,836 13,759 15,507 Memo: IBRD 171 658 4,458 5,628 6,608 6,561 6,557 5,794 5,266 5,643 IDA 10 95 498 717 811 962 1,012 1,067 1,184 1,330 UNDISBURSED DEBT 6,715 49,727 107,482 110,502 111,560 113,291 107,287 100,044 95,924 Official creditors 5,855 37,714 89,951 92,203 97,158 98,203 91,071 85,101 89,947 Private creditors 860 12,013 17,532 18,300 14,402 15,088 16,216 14,943 5,977 Memorandum items Concessional LDOD 14,069 57,361 193,654 223,975 245,854 250,423 242,050 219,344 243,099 279,152 Variable rate LDOD 940 21,612 89,097 102,613 126,396 141,595 147,629 174,997 206,068 Public sector LDOD 18,906 94,891 379,468 439,998 478,033 490,489 482,790 480,063 445,969 Private sector LDOD 1,379 9,215 18,262 23,719 40,881 51,277 55,815 67,253 152,500 6. CURRENCY COM~POS1TION OF LONG-TERNM DEBT iPERCENTi Deutsche mark 8.0 7.2 5.1 4.0 4.4 4.5 4.0 3.6 4.0 French franc 5.5 6.7 5.8 5.1 5.0 5.2 4.9 4.2 4.8 Japanese yen 4.6 9.1 13.2 14.8 16.4 15.1 13.5 12.1 13.7 Pound sterling 19.4 8.2 3.6 2.5 2.4 2.3 2.3 2.3 2.2 Swiss franc 0.5 0.9 1.0 0.8 0.8 0.9 0.8 0.7 0.7 U.S.dollars 36.1 37.1 36.7 39.9 38.8 40.2 43.7 50.5 41.4 Multiple currency 8.3 10.4 15.1 15.4 15.6 15.5 14.6 12.9 9.5 Special drawing rights 0.0 0.0 0.5 0.6 0.6 0.7 0.8 0.8 0.9 All other currencies 17.8 15.9 16.7 14.2 13.5 13.3 13.0 10.5 10.3 55 LOW-INCOME COUNTRIES (US$ million, unless otherwise indicated) 1970 1980 1990 1993 1994 1995 1996 1997 1998 1999 7. D)EBT RESTRUCTUfRING;S Total amount rescheduled 0 1,202 6,567 2,263 4,806 3,290 6,045 8,220 5,700 Debt stock rescheduled 0 0 91 72 0 144 1,232 467 3,198 Principal rescheduled 0 269 4,033 983 2,378 1,908 3,105 3,061 1,509 Official 0 120 2,832 504 1,437 1,267 2,000 2,011 1,218 Private 0 149 1,201 479 942 642 1,106 1,050 291 Interest rescheduled 1,857 450 1,764 858 1,142 2,547 542 Official 0 3 1 1,497 303 1,452 698 908 1,281 492 Private 0 3 1 360 146 312 159 235 1,267 49 Debt forgiven 2 190 1,576 851 3,290 1,813 4,058 3,104 376 Memo: interest forgiven 0 0 97 152 429 986 1,087 610 594 Debt stock reduction 0 0 353 172 468 1,560 4,445 5,177 321 of which debt buyback 0 0 0 1 7 8 119 302 200 1 7 8. DEBT S'OC K- FLOW RE CONCI Li AT-ION Total change in debt stocks ... 58,557 28,100 60,570 38,333 6,537 11,022 41,446 Net flows on debt 3,641 21,585 32,213 20,153 23,707 35,325 33,805 36,514 -2,758 1,195 Net change in interest arrears ... 2,944 3,763 2,866 1,784 -1,228 -3,548 2,388 Interest capitalized ... 1,857 450 1,764 858 1,142 2,547 542 Debt forgiveness or reduction ... -1,929 -1,005 -3,751 -3,254 -8,201 -8,082 -680 Cross-currency valuation ... 19,050 4,637 24,192 -284 -19,167 -19,900 16,721 Residual ... 4,423 103 11,792 3,905 187 3,491 25,233 9. .AVERAGE TERMIS OF NEW~'CONMMITMENTS ALL CREDITORS Interest (%) 3.1 6.8 5.5 4.9 4.5 5.2 5.2 5.3 4.7 Maturity (years) 28.8 21.3 22.1 18.5 21.4 18.1 17.1 16.1 20.3 Grace period (years) 9.7 5.7 6.2 5.2 6.3 5.0 5.1 4.7 6.2 Grant element (%) 41.1 20.1 27.9 27.6 33.9 26.8 24.3 23.5 36.5 Official creditors Interest (%) 2.2 3.6 4.0 3.8 3.9 4.5 3.9 4.2 3.7 Maturity (years) 33.7 29.9 27.0 25.4 26.2 24.4 26.8 26.2 26.6 Grace period (years) 11.8 7.7 7.5 7.0 7.4 6.5 7.3 6.7 7.2 Grant element (%) 48.7 36.3 38.5 39.1 40.8 35.7 38.6 35.8 47.8 Private creditors Interest (%) 6.5 11.0 7.9 6.0 5.7 6.4 6.6 6.4 6.9 Maturity (years) 10.2 9.6 13.7 11.3 11.2 8.0 7.5 7.0 7.0 Grace period (years) 1.9 2.9 4.0 3.2 3.9 2.6 3.0 3.0 4.0 Grant element (%) 12.9 -2.0 9.8 15.7 19.1 12.7 10.2 12.3 12.2 Memorandum items Commnitments 4,428 30,558 42,143 55,384 42,697 51,433 51,501 47,744 35,325 Official creditors 3,489 17,625 26,667 28,198 29,119 31,520 25,558 22,711 24,056 Private creditors 939 12,933 15,476 27,185 13,578 19,913 25,943 25,032 11,268 10. GRAPH OF AGGREGAYE NET RESOURCE FL,OWS (current prices, US$ million) Aggregate Net Resource Flows Private Flows Official Flows 12000 1999 ,,~,,,.1999 100::T0 1998____1998 80,000 ~~~~~ ~~~~1998 1998 - ,.. ~~~~~~~~~~~1996 1996 60.000 .. .. 1 995 . 1995 40,000 - 19941994 20,000 -, ~~~~~ ~ ~~~~1993 _ _ _ _ _ _ _ _ 1993 1992 1992 1992 1993 1994 1995 1996 1997 1998 1999 -20,000 0 20,000 40,000 60,000 80,000 0 5,000 10,000 15,000 20,000 03 Private flows fl Official flows 03 Private non-debt flows fl Private debt flows U Multilateral is Bilateral 0 Grants 56 MIDDLE-INCOME COUNTRIES (US$ million, unlesis otherwise indicated) 1970 1980 1990 1993 1994 1995 1996 1997 1998 1999 I. SLiN11IAHmY DLBY DATA TOTAL DEBT STOCKS (EDT) 478,150 982,396 1,213,844 1,344,789 1,476,869 1,560,276 1,646,311 1,814,454 1,823,773 Long-term debt (LDOD) 40,859 342,874 774,432 935,252 1,033,459 1,100,076 1,157,817 1,227,080 1,419,370 1,451,636 Public and publicly guaranteed 26,376 280,534 726,000 829,726 883,743 927,683 927,004 917,727 1,017,662 1,053,521 Private nonguaranteed 14,483 62,341 48,432 105,525 149,717 172,393 230,813 309,353 401,708 398,115 Use of IMF credit 438 6,937 22,899 26,381 29,761 47,548 47,770 56,826 73,323 58,494 Short-term debt 128,339 185,064 252,211 281,569 329,245 354,689 362,405 321,762 313,643 of which interest arrears on LDOD .. 751 39,715 25,219 19,351 18,197 14,708 9,600 13,136 17,490 Official creditors 416 10,974 4,834 4,985 5,307 5,518 5,624 7,359 Private creditors .. 335 28,741 20,385 14,366 12,890 9,190 3.976 5,778 Memo: principal arrears on LDOD 743 35.843 37,955 41.532 49,737 47,186 29.636 33,401 38,397 Official creditors .. 198 13,693 9,223 11,809 16,387 17,083 17,878 18,990 Private creditors .. 545 22,150 28,733 29,723 33,350 30,103 11,758 14,411 Memo: export credits 7,371 222,916 264,252 283,731 268,815 256,243 249.906 267,432 TOTAL DEBT FLOWS Disbursements 9,826 88,861 93,941 131,162 132,854 180,226 212,914 259,874 266,687 194,222 Long-term debt 9,567 85,657 88,199 125,229 126,104 155,917 205,544 240,866 244,779 182,442 IMFpurchases 259 3,204 5,742 5,933 6,749 24,308 7,369 19,008 21,908 11,780 Principal repayments 5,455 37,630 72,874 80,330 89,202 100,624 128,359 156,845 156,135 170,967 Long-termn debt 5,021 36,333 67,398 75,884 84,143 93,915 122,782 150,079 147,738 144,421 1M4F repurchases 435 1,297 5,476 4,447 5,059 6,708 5,577 6.766 8,398 26,546 Net flows on debt 12,205 89,453 27,832 91,896 89,863 132,410 115,292 115,853 79,086 19,464 of which short-term debt .. 38,222 6,766 41,065 46,212 52,808 30,738 12,824 -31,465 -3,791 Interest payments (INT) .. 42,407 51,629 51,008 57,673 77,677 83,617 88,340 94,267 107,753 Long-term debt 1,838 28,056 39,577 37,863 43,629 58,383 61,698 67,019 73,508 87,534 lIMFcharges 0 319 1,919 1,842 1,390 2,016 2,044 2,012 3,083 4,347 Short-term debt ,. 14,032 10,133 11,304 12,654 17,278 19,877 19,308 17,676 15,872 Net transfers on debt .. 47,046 -23,797 40,887 32,189 54,734 31,674 27,514 -15,180 -88,289 Total debt service paid (TDS) .. 80,036 124,503 131,339 146,876 178,300 211,978 245,185 250,402 278,720 Long-term debt 6,858 64,388 106,976 113,747 127,772 152,297 184,480 217,099 221,246 231,955 IMP repurchases and charges 435 1,616 7,395 6,288 6,449 8,725 7,621 8,777 11,481 30,893 Short-termn debt (interest only) .. 14,032 10,133 11,304 12,654 17,278 19,877 19,308 17.676 15,872 2. A( ;GREG.%TE NE f RESOL] RCE F'LOWIS AND) NE T TR_%NSFERS i LONG-TER.M) NET RESOURCE FLOWS 7,412 59,429 54,246 138,198 125,397 160,904 207,607 231,409 240,465 215,130 Net flow of long-termn debt (ex. IMF) 4,546 49,325 20,800 49,345 41,961 62,002 82,763 90,787 97,042 38,021 Foreign direct investment (net) 1,937 4,150 18,398 31,685 47,464 57,488 74,798 109,422 117,425 142,465 Portfolio equity flows 0 0 2,34(0 42,634 20,521 25,634 36,858 19,063 13,646 21,972 Grants (excluding technical coop.) 929 5,953 12,707 14,535 15,451 15,781 13,189 12,138 12,353 12,672 Memo: technical coop. grants 715 2,431 6,199 9,755 8,990 11,443 10,232 8,306 9,337 9,208 official net resource flows 2,501 19,822 26,471 24,395 15,807 24,1711 7,334 16,660 25,130 25,272 private net resource flows 4,911 39,606 27,775 113,803 109,589 136,733 200,274 214,749 215,335 189,858 NET TRANSFERS 18 13,543 589 81,621 61,457 81,078 122,263 139,387 138,959 95,140 Interest on long-term debt 1,838 28,056 39,577 37,863 43,629 58,383 61,698 67,019 73,508 87,534 Profit remittances on FDI 5,556 17,831 14,080) 18,714 20,310 21,444 23,647 25,002 27,999 32,456 Memo: official net transfers 2,000 15,409 13,544 8,612 -865 2,943 -14,328 -3,104 6,299 3,432 private net transfers -1,982 -1,866 -12,955 73,009 62,322 78,135 136,591 142,491 132,660 91,708 3. Nl.kJOR EXCONOMIC A%GGREGATES Gross national product (GNP) 419,298 2,275,079 3,163,695 3,521,234 3,669,468 4,120,426 4,460,684 4,568,857 4,179,164 4,197,830 Exports of goods &services (XGS) .. 551,478 715,939 844,141 958,309 1,178,532 1,291,621 1,376,595 1,288,116 1,419,272 of which workers remnittances .. 8,756 18,231 24,265 24.758 28,444 28.923 30.719 30,238 29,920 Imports of goods & services (MGS) .. 537,951 728,668 937,419 1,030,516 1,256,300 1,381,804 1,479,556 1,358,351 1,343,540 Intemnational reserves (RES) .. 165,192 162,172 296,136 314,880 400,189 440,863 429,998 465,114 510,681 Current accounthbalance .. 2,272 -15,476 -94,436 -75,301 -82,356 -96,666 -110,440 -78,998 -26,353 4. DEBT INDICA lORS EDT /XGS(% . 86.7 137.2 143.8 140.3 125.3 120.8 119.6 140.9 128.5 EDT /GNP(% . 21.0 31.1 34.5 36.7 35.8 35.0 36.0 43.4 43.4 TDS /XGS(% . 14.5 17.4 15.6 15.3 15.1 16.4 17.8 19.4 19.6 INT /XGS(% . 7.7 7.2 6.0 6.0 6.6 6.5 6.4 7.3 7.6 INT /GNP(% . 1.9 1.6 1.5 1.6 1.9 1.9 1.9 2.3 2.6 RES /EDT(% . 34.6 16.5 24.4 23.4 27.1 28.3 26.1 25.6 28.0 RES /MGS (months) .. 3.7 2.7 3.8 3.7 3.8 3.8 3.5 4.1 4.6 Short-term /EDT (%) .. 26.8 18.8 20.8 20.9 22.3 22.7 22.0 17.7 17.2 Concessional /EDT(% . 11.1 12.2 12.4 11.7 11.1 10.5 9.4 7.4 8.5 Multilateral /EDT (%) .. 6.1 11.1 10.0 9.7 9.4 8.7 8.5 8.9 9.5 57 MIDDLE-INCOME COUNTRIES (US$ million, unless otherwise indicated) 1970 1980 1990 1993 1994 1995 1996 1997 1998 1999 5. LONG-TERMI DEBTr DEBT OUTSTANDING (LDOD) 40,859 342,874 774,432 935,252 1,033,459 1,100,076 1,157,817 1,227,080 1,419,370 1,451,636 Public and publicly guaranteed 26,376 280,534 726,000 829,726 883,743 927,683 927,004 917,727 1,017,662 1,053,521 Official creditors 15,376 106,715 325,258 429,197 467,017 487,506 465,848 446,640 477,844 487,298 Multilateral 4,197 29,002 108,633 121,468 130,550 138,486 135,395 139,252 161,914 172,372 Concessional 449 4,997 11,348 13,882 15,152 16,513 17,319 17,677 1 9,090 20,857 Bilateral 11,179 77,712 216,625 307,729 336,467 349,020 330,454 307,388 315,930 314,926 Concessional 8,995 48,249 108,753 136,821 141,523 147,902 146,547 137,174 115,737 135,044 Private creditors 11,000 173,819 400,743 400,529 416,725 440,177 461,156 471,087 539,819 566,223 Bonds 1,465 12,219 98,368 146,958 216,761 239,732 277,193 286,996 318,457 343,144 Commercial banks 3,448 113,587 201,338 162,899 114,346 118,950 113,429 131,765 165,881 167,426 Other private 6,087 48,013 101,037 90,673 85,618 81,495 70,534 52,326 55,481 55,653 Private nonguaranteed 14,483 62,341 48,432 105,525 149,717 172,393 230,813 309,353 401,708 398,115 Bonds 0 0 717 29,218 53,339 55,982 74,487 90,898 101,758 103,038 Cominercial banks 14,483 62,341 47,716 76,308 96,378 116,411 156,326 218,455 299,950 295,077 Memo: IBRD 2,943 17,233 64,069 65,915 69,740 73,235 69,958 71,080 79,272 82,977 IDA 246 1,360 3,397 4,079 4,457 4,975 5,402 5,723 6,393 6,532 DISBURSEMENTS 9,567 85,657 88,199 125,229 126,104 155,917 205,544 240,866 244,779 182,442 Public and publicly guaranteed 5,742 66,452 75,192 79,694 72,034 97,268 117,198 128,978 133,790 130,691 Official creditors 2,564 19,074 31,622 30,063 25,484 39,769 33,096 40,785 42,591 43,020 Multilateral 829 5,581 15,810 17,941 14,324 18,589 19,191 26,449 30,859 24,337 Concessional 86 588 1,069 1,481 1,345 1,696 2,001 1,729 1,671 1,925 Bilateral 1,735 13,493 15,813 12,122 11,161 21,181 13,906 14,336 11,732 18,683 Concessional 1,150 6,418 7,670 5,922 5,733 7,343 6,142 5,632 4,816 6,048 Private creditors 3,178 47,377 43,570 49,631 46,550 57,499 84,102 88,194 91,200 87,671 Bonds 140 1,551 5,454 23,134 20,656 27,988 54,898 58,271 53,072 54,782 Commercial banks 1,269 29,876 11,850 8,488 13,060 17,779 19,961 21,492 29,368 22,056 Other private 1,769 15,951 26,266 18,010 12,834 11,732 9,243 8,432 8,761 10,833 Private nonguaranteed 3,824 19,205 13,007 45,535 54,071 58,649 88,346 111,888 110,989 51,751 Bonds 0 0 581 18,244 23,267 16,297 27,928 29,276 19,223 13,693 Commercial banks 3,824 19,205 12,426 27,291 30,804 42,352 60,418 82,612 91,765 38,058 Memo: IBRD 484 3,538 9,563 8,870 7,541 9,557 9,892 13,917 14,044 13,349 IDA 26 108 253 297 318 518 593 598 574 397 PRINCIPAL REPAYMENTS 5,021 36,333 67,398 75,884 84,143 93,915 122,782 150,079 147,738 144,421 Public and publicly guaranteed 2,713 26,009 60,081 54,197 59,210 68,137 87,022 96,607 85,721 88,684 Official creditors 993 5,205 17,858 20,202 25,127 31,379 38,952 36,263 29,813 30,420 Multilateral 287 1,268 9,217 11,915 12,972 15,166 13,522 13,399 13,265 13,205 Concessional 29 42 331 447 463 497 645 631 660 563 Bilateral 706 3,937 8,641 8,288 12,155 16,213 25,430 22,863 16,548 17,215 Concessional 323 1,376 3,326 2,835 3,443 3,866 4,635 4,687 4,460 3,760 Private creditors 1.720 20,804 42,223 33,995 34,082 36,758 48,070 60,344 55,907 58,264 Bonds 117 485 4,952 7,267 6,273 11,073 18,720 35,634 26,239 30,009 Commercial banks 645 12,795 19,653 11,637 13,966 12,959 18,268 15,287 18,165 18,668 Other private 958 7,524 17,619 15,091 13,843 12,726 11,082 9,423 11,503 9,587 Private nonguaranteed 2,308 10,324 7,317 21,688 24,934 25,779 35,760 53,473 62,017 55,737 Bonds 0 0 0 289 2,997 5,212 6,809 11,684 11,881 12,252 Commercial banks 2,308 10,324 7,317 21,399 21.938 20,567 28,951 41,789 50,136 43,485 Memo: IBRD 156 825 6,416 7,529 8,248 8,597 8,211 7,560 7,800 6,649 IDA 0 5 32 46 48 53 56 70 70 77 NET FLOWS ON DEBT 4,546 49,325 20,800 49,345 41,961 62,002 82,763 90,787 97,042 38,021 Public and publicly gniaranteed 3,030 40,443 15,111 25,497 12,825 29,131 30,177 32,372 48,069 42,007 Official creditors 1,572 13,869 13,764 9,861 357 8,390 -5,856 4,522 12,777 12,600 Multilateral 543 4,313 6,592 6,027 1,351 3,422 5,670 13,049 17,594 11,132 Concessional 57 546 738 1,034 882 1,199 1,357 1,099 1,011 1,362 Bilateral 1,029 9,556 7,172 3,834 -995 4,968 -11,525 -8,527 -4,816 1,468 Concessional 827 5,043 4,344 3,087 2,291 3,478 1,506 945 356 2,288 Private creditors 1,458 26,575 1,347 15,636 12,468 20,741 36,032 27,850 35,293 29,407 Bonds 23 1,066 502 15,867 14,383 16,915 36,178 22,637 26,833 24,773 Comrnercial banks 624 17,081 -7,803 -3,150 -906 4,821 1,693 6,205 11,203 3,388 Other private 811 8,428 8,648 2,919 -1,009 -994 -1,839 -991 -2,742 1,246 Private nonguaranteed 1,517 8,881 5,690 23,848 29,137 32,870 52,586 58,415 48,972 -3,986 Bonds 0 0 581 17,955 20,270 11,085 21,119 17,593 7,343 1,441 Commercial banks 1,517 8,881 5,109 5,893 8,866 21,785 31,467 40,823 41,629 -5,427 Memo: IIBRD 328 2,714 3,148 1,341 -707 960 1,681 6,357 6,244 6,700 IDA 26 103 221 252 270 465 536 527 505 320 58 MIDDLE-INCOME COUNTRIES (US$ million, unless otherwise indicated) 1970 1980 1990 1993 1994 1995 1996 1997 1998 1999 INTEREST PAYMENTS (LINT) 1,838 28,056 39,577 37,863 43,629 58,383 61,698 67,019 73,508 87,534 Public and publicly guaranteed 1,124 21,889 35,567 32,282 35,823 47,246 48,094 48,536 51,816 59,286 Official creditors 501 4,414 12,927 15,783 16,673 21,228 21,662 19,764 18,831 21,840 Multilateral 216 1,934 7,385 8,640 8,703 9,000 8,935 8,373 8,872 10,519 Concessional 9 60 205 260 277 302 318 331 350 377 Bilateral 285 2,479 5,543 7,143 7,969 12,227 12,726 11,389 9,959 11.321 Concessional 175 1,049 1,977 2,950 2,978 3,425 3,419 3,130 3,087 2,884 Private creditors 623 17,476 22,639 16,499 19,150 26,018 26,431 28,773 32,985 37,446 Bonds 86 921 3,974 7,831 10,440 15,967 15,472 18,775 21,459 23,851 Commercial banks 239 13,106 13,767 5,034 4,931 5,890 7,330 6,866 8,574 11,155 Other private 297 3,449 4,898 3,633 3,779 4,161 3,630 3,132 2,952 2,440 Private nonguaranteed 714 6,166 4,010 5,581 7,806 11,136 13,604 18,483 21,692 28,248 Bonds 0 0 8 994 2,784 4,208 5,044 6,654 7,315 8,246 Commercial banks 714 6,166 4,003 4,587 5,022 6,929 8,560 11,829 14,376 20,002 Memo: IBRD 164 1,394 4,744 5,232 5,033 5,115 5,037 4,473 4,692 5,346 IDA 2 10 24 29 31 35 37 43 43 46 NET TRANSFERS ON DEBT 2,708 21,269 -18,777 11,482 -1,668 3,619 21,065 23,768 23,533 -49,513 Public and publicly guaranteed 1,905 18,554 -20,456 -6,785 -22,998 -18,115 -17,917 -16,165 -3,747 -17,279 Official creditors 1,070 9,455 836 -5,922 -16,315 -12,837 -27,517 -15,242 -6,054 -9,240 Multilateral 328 2,378 -792 -2,614 -7,351 -5,577 -3,266 4,675 8,722 613 Concessional 48 486 532 774 605 897 1,039 768 660 985 Bilateral 743 7,077 1,629 -3,308 -8,964 -7,260 -24,251 -19,917 -14,776 -9,853 Concessional 652 3,994 2,366 137 -687 53 -1,914 -2,185 -2,731 -596 Private creditors 835 9,099 -21,292 -862 -6,683 -5,277 9,600 -923 2,308 -8,039 Bonds -64 145 -3,472 8,036 3,943 948 20,706 3,862 5,374 922 Commercial banks 385 3,975 -21,570 -8,184 -5,838 -1,070 -5,636 -662 2,629 -7,767 Other private 514 4,979 3,749 -714 -4,789 -5,155 -5,469 -4,123 -5,695 -1,194 Private nonguaranteed 803 2,715 1,679 18,266 21,331 21,734 38,983 39,932 27,280 -32,234 Bonds 0 0 573 16,961 17,486 6,878 16,076 10,938 27 -6,805 Commercial banks 803 2,715 1,106 1,305 3,845 14,857 22,907 28,994 27,253 -25,429 Memo: IBRD 165 1,319 -1,597 -3,891 -5,741 -4,156 -3,357 1,884 1,552 1,354 IDA 25 93 198 222 238 431 500 484 462 274 DEBT SERVICE (LTDS) 6,858 64,388 106,976 113,747 127,772 152,297 184,480 217,099 221,246 231,955 Public and publicly guaranteed 3,836 47,898 95,648 86,478 95,032 115,382 135,116 145,143 137,537 147,970 Official creditors 1,494 9,619 30,786 35,985 41,800 52,607 60,614 56,026 48,645 52,260 Multilateral 502 3,203 16,602 20,555 21,675 24,166 22,458 21,773 22,138 23,724 Concessional 38 103 537 707 740 799 962 961 1,010 940 Bilateral 992 6,416 14,184 15,430 20,125 28,441 38,156 34,253 26,507 28,536 Concessional 498 2,424 5,304 5,786 6,421 7,289 8,055 7,817 7,547 6,644 Private creditors 2,343 38,279 64,862 50,493 53,233 62,776 74,502 89,117 88,893 95,710 Bonds 204 1,405 8,926 15,098 16,713 27,040 34,192 54,409 47,698 53,860 Commercial banks 884 25,901 33,419 16,672 18,897 18,849 25,598 22,153 26,739 29,823 Other private 1.255 10,973 22,517 18,723 17,622 16,886 14,712 12,555 14,455 12,027 Private nonguaranteed 3,022 16,490 11,328 27,269 32,740 36,915 49,364 71,956 83,709 83,985 Bonds 0 0 8 1,284 5,781 9,419 11,852 18,338 19,196 20,498 Commercial banks 3,022 16,490 11,320 25,985 26,959 27,496 37,512 53,618 64,512 63,487 Memo: IBRD 320 2,219 11,161 12,761 13,281 13,712 13,249 12,032 12,491 11,995 IDA 2 15 55 75 80 88 93 113 112 123 UNDISBURSED DEBT 10,340 91,999 107,951 142,743 145,327 145,604 137,900 131,462 141,085 Official creditors 7,340 53,273 72,818 97,926 103,213 105,929 98,915 95,487 96,484 Private creditors 2,999 38,726 35,133 44,817 42,114 39,675 38,986 35,976 44,602 Memorandum items Concessional LDOD 9,445 53,246 120,101 150,702 156,675 164,415 163,867 154,852 134,827 155,901 Variable rate LDOD 15,221 169,864 352,902 447,372 501,950 547,075 593,925 671,344 799,246 Public sector LDOD 24,595 245,722 670,377 769,459 826,340 869,963 868,161 857,519 925,437 Private sector LDOD 16,269 75,154 55,939 112,853 153,469 176,187 235,343 309,930 425,294 6. CUrRRENCY CONIPOSIITION OF LONG-TERM DEBT iPERCENTI Deutsche mark 9.0 6.4 10.5 9.7 9.7 10.3 10.6 9.7 9.6 French franc 4.9 5.0 5.6 4.2 4.3 4.4 4.2 3.5 3.0 Japanese yen 0.7 6.1 9.1 10.6 10.9 11.2 10.5 9.5 9.3 Pound sterling 5.2 1.7 1.6 1.1 0.9 0.8 0.9 0.9 0.8 Swiss franc 1.6 1.8 2.3 1.4 1.0 1.1 0.9 0.5 0.4 U.S.dollars 55.1 54.4 43.6 46.9 47.6 47.5 49.3 53.5 56.8 Multiple currency 14.1 11.1 14.5 14.0 14.0 13.5 12.8 11.5 7.8 Special drawing rights 0.0 0.0 0.1 0.0 0.0 0.0 0.1 0.1 0.1 All other currencies 9.4 5.7 6.2 5.6 5.6 5.6 5.3 4.9 6.0 59 MIDDLE-INCOME COUNTRIES (US$ million, unless otherwise indicated) 1970 1980 1990 1993 1994 1995 1996 1997 1998 1999 7. DEBT RESTRUCTULRINGS Total amount rescheduled 117 2,123 72,768 62,108 86,518 28,547 26,366 40,588 32,933 Debt stock rescheduled 0 1 61,819 23,724 54,025 6,753 5,664 1,140 28,415 Principal rescheduled 0 124 6,274 17,020 13,299 13,387 12,866 32,296 4,830 Official 0 17 2,996 6,285 3,039 5,647 4,379 4,834 3,188 Private 0 107 3,277 10,736 10,260 7,740 8,486 27,461 1,642 Interest rescheduled 3,987 15,560 14,836 4,363 6,171 6,493 1,041 Official 0 7 3,121 3,481 1,880 1,572 1,157 1,181 708 Private 0 1 867 12,079 12,956 2,792 5,015 5,312 333 Debt forgiven 7 79 11,044 1,643 4,414 485 1,909 260 305 Memo: interest forgiven 0 0 2,793 154 269 15 784 15 14 Debtstockreduction 0 0 24,843 6,431 12,798 2,663 5,448 13,640 2,729 of whichdebtbuyback 0 0 4,360 525 1,702 43 3,363 9,850 2,100 S. DEBT STOCK-FLOW RECONCILIATION Total change indebt stocks 45,949 127,914 130,946 132,080 83,407 86,036 168,145 Netflowsondebt 12,205 89,453 27,832 91,896 89,863 132,410 115,292 115,853 79,086 19,464 Net change in interest arrears 12,595 -5,034 -5,868 -1,154 -3,489 -5,107 3,536 Interest capitalized .. .. 3,987 15,560 14,836 4,363 6,171 6,493 1,041 Debt forgiveness or reduction -31,528 -7,549 -15,510 -3,105 -3,993 -4,049 -934 Cross-currency valuation .. .. 33,228 -3,662 30,761 11,544 -30,711 -35,687 24,790 Residual .. .. -168 36,703 16,864 -11,980 137 8,534 60,624 9. AVERAGE TERMS OF NEW COMIATMENTS ALL CREDITORS Interest (%) 6.2 10.3 7.8 6.1 6.2 6.5 6.9 7.0 7.4 Maturity (years) 16.3 13.3 16.1 12.2 12.5 11.3 11.1 13.0 10.7 Grace period (years) 4.5 4.4 5.2 4.8 4.6 4.5 5.6 7.2 5.9 Grant element (%) 22.7 1.1 13.3 18.9 19.1 16.8 14.2 14.7 11.7 Ofricial creditors Interest (%) 5.0 6.9 6.6 5.6 5.8 6.7 5.6 6.0 6.0 Maturity (years) 23.0 19.6 18.8 18.1 18.4 15.8 17.2 17.2 14.2 Grace period (years) 6.4 5.3 5.9 5.3 5.4 4.6 5.1 5.2 4.3 Grant element (%) 34.0 22.3 22.9 27.2 26.7 21.0 26.9 24.0 21.3 Private creditors Interest (%) 7.4 12.2 8.8 6.4 6.5 6.4 7.5 7.5 8.0 Maturity (years) 9.6 9.8 13.9 8.4 8.1 7.2 8.6 10.8 9.0 Graceperiod(years) 2.7 3.9 4.7 4.4 4.1 4.4 5.8 8.2 6.6 Grant element (%) 11.8 -10.4 5.4 13.4 13.5 13.0 9.0 9.8 7.1 Memorandum items Commitments 7,531 67,720 82,214 87,805 76,903 101,636 120,335 134,730 138,899 Official creditors 3,725 23,894 37,236 34,720 32,510 48,267 35,317 46,551 45,191 Private creditors 3,806 43,826 44,978 53,085 44,393 53,369 85,018 88,180 93,709 10. GRAPH OF .GGREGATE NET RESOURCE FLOWS (current prices, US$ million) Aggregate Net Resource Flows Private Flows Official Flows 300,000 . ..... 1999 1999 250,000 1998 199S 200,000 - / s \ 1997 8a ,, 1997 1996 1996 150,000 1995 1995 100,000 1994 ,,, 1' ,,. 1994 50,000 1993 1993 1992 1992 0-B _ I S I I I I - I _I 1992 1993 1994 1995 1996 1997 1998 1999 0 50,000 100,000 150,000 200,000 -20,000 -10,000 0 10,000 20,000 UI Private flows O Official flows U Prvate non-debt flows E Private debt flows S Multilateral 1U Bilateral ri Grants Country tables 62 ALBANIA (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 1. SUMM1ARY' DEBOT DATA TOTAL DEBT STOCKS (EDT) ... 348.6 632.6 773.0 851.1 643.6 672.1 706.0 820.6 Long-term debt (LDOD) ... 35.7 126.9 166.0 215.6 516.7 586.3 603.3 721.2 Public and publicly guaranteed ... 35.7 126.9 166.0 215.6 516.7 586.3 603.3 701.3 Private nonguaranteed ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 19.8 Use of IMF credit 0.0 0.0 0.0 13.3 29.7 54.2 64.5 54.2 55.0 64.4 Short-term debt ... 312.9 492.4 577.4 581.3 62.3 31.6 47.8 34.9 of whch interest arrears on LDOD ... 0.0 2.8 0.9 1.6 1.6 1.5 3.8 3.8 Official creditors ... 0.0 0.0 0.3 1.3 1.6 1.5 1.0 1.0 Private creditors ... 0.0 2.8 0.6 0.3 0.0 0.0 2.8 2.8 Memo: principal arrears on LDOD ... 0.0 23.4 15.5 25.7 27.0 33.4 33.4 33.4 Official creditors ... 0.0 4.0 5.5 17.7 17.7 17.7 17.7 17.7 Private creditors ... 0.0 19.4 10.0 8.0 9.4 15.8 15.8 15.8 Memo: export credits ... 16.0 24.0 31.0 29.0 34.0 37.0 30.0 195.0 TOTAL DEBT FLOWS Disbursements . . 33.1 66.2 81.2 74.8 74.6 84.0 64.6 95.3 Long-term debt ... 33.1 52.6 64.6 52.5 63.9 84.0 52.4 87.3 HMF purchases 0.0 0.0 0.0 13.6 16.6 22.2 10.7 0.0 12.1 8.0 Principal repayments . . 0.0 0.0 5.0 8.1 1.6 13.6 15.9 12.7 Long-term debt ... 0.0 0.0 5.0 8.1 0.4 5.3 8.0 11.6 IMF repurchases 0.0 0.0 0.0 0.0 0.0 0.0 1.2 8.3 8.0 1.2 Net flows on debt ... 271.6 135.8 163.1 69.9 -105.0 39.8 62.6 69.7 of which short-terindebt ... 238.5 69.6 86.9 3.2 -178.0 -30.6 13.9 -12.9 Interest payments (INT) . . 3.1 2.0 3.0 10.2 8.8 15.1 23.4 24.5 Long-term debt ... 3.1 1.9 2.1 9.1 4.5 12.8 20.8 21.6 IMF charges 0.0 0.0 0.0 0.1 0.9 1.1 1.3 0.9 0.5 0.8 Short-termn debt ... 0.0 0.0 0.0 0.0 3.0 1.4 2.0 2.1 Net transfers on debt ... 268.5 133.8 160.1 59.7 -113.8 24.7 39.2 45.2 Total debt service paid (TDS) . . 3.1 2.0 8.1 18.3 10.4 28.7 39.3 37.2 Long-termndebt ... 3.1 1.9 7.1 17.2 4.9 18.1 28.8 33.2 IMF repurchases and charges 0.0 0.0 0.0 0.1 0.9 1.1 2.5 9.2 8.4 2.0 Short-term debt (interest only) ... 0.0 0.0 0.0 0.0 3.0 1.4 2.0 2.1 2. AGGREGATE NET RESOUiRCE FLOWS AND NET TRANSFERS (LONG-TERMI i NET RESOURCE FLOWS . . 35.0 406.2 300.9 165.8 210.1 282.2 159.5 240.1 Net flow of long-term debt (ex. IM). . 33.1 52.6 59.6 44.4 63.5 78.7 44.5 75.8 Foreign direct investment (net) ... 0.0 20.0 58.0 53.0 70.0 90.1 48.0 45.0 Portfolio equity flows ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Grants (excluding technical coop.) ... 1.9 333.6 183.4 68.4 76.6 113.4 67.0 119.3 Memo: technical coop. grants ... 9.2 11.5 24.5 27.3 32.3 49.6 28.0 28.3 official net resource flows .. 3.8 383.0 231.8 120.9 140.5 187.6 112.6 198.0 private net resource flows ... 31.2 23.2 69.1 44.9 69.6 94.6 46.9 42.1 NET TRANSFERS . . 31.9 404.3 298.8 156.6 205.6 269.4 138.7 218.4 Interest on long-term debt ... 3.1 1.9 2.1 9.1 4.5 12.8 20.8 21.6 Profit remittances on FDI ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: official net transfers ... 3.8 382.7 231.3 113.2 136.6 182.7 107.4 192.2 private net transfers ... 28.1 21.6 67.5 43.4 69.0 86.7 31.3 26.2 3. NIAJOR ECONONIIC AGCREGATES Gross national product (GNP) ... 2,105.6 674.3 1,207.6 1,988.2 2,480.0 2,753.0 2,335.0 3,112.0 Exports of goods & services (XGS) ... 353.6 242.9 528.9 540.2 760.3 956.2 550.7 832.9 of which workers remittances ... 0.0 150.0 274.8 264.7 384.6 499.6 266.9 452.3 Imports of goods & services (MGS) ... 486.9 667.3 794.4 774.8 864.6 1,123.3 820.6 949.6 Intemational reserves (RES) ...... 166.5 223.6 265.3 323.4 342.4 382.2 Cur-rent account balance ... -118.3 -50.7 14.9 -157.3 -11.5 -107.3 -272.2 -65.1 4. DEBT INDICATORS EDT / XGS ()... 98.6 260.4 146.2 157.6 84.7 70.3 128.2 98.5 EDT /GNP(% ... 16.6 93.8 64.0 42.8 26.0 24.4 30.2 26.4 TDS / XGS ()... 0.9 0.8 1.5 3.4 1.4 3.0 7.1 4.5 INT /XGS (%) ... 0.9 0.8 0.6 1.9 1.2 1.6 4.3 2.9 INT /GNP (%) ... 0.2 0.3 0.3 0.5 0.4 0.6 1.0 0.8 RES /EDT(% ...... 21.5 26.3 41.2 48.1 48.5 46.6 RES / MGS (months) ...... 2.5 3.5 3.7 3.5 5.0 4.8 Shor-t-term / EDT (%) ... 89.8 77.8 74.7 68.3 9.7 4.7 6.8 4.3 Concessional /EDT(% ... 0.6 7.8 13.3 18.1 34.0 42.1 43.5 50.0 Multilateral / EDT (%) ... 0.0 0.3 3.6 7.7 17.8 22.5 23.2 29.5 63 ALBANIA (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 5. LONG-TERMN DEBr DEBT OUTSTANDING (LDOD) ... 35.7 126.9 166.0 215.6 516.7 586.3 603.3 721.2 Public and publicly guaranteed ... 35.7 126.9 166.0 215.6 516.7 586.3 603.3 701.3 Official creditors ... 2.0 63.5 142.9 196.4 266.7 332.0 351.0 450.5 Multilateral ... 0.0 2.0 27.6 65.7 114.6 151.1 164.0 241.9 Concessional . 0.0 2.0 27.6 65.5 109.8 141.6 154.6 232.1 Bilateral . 2.0 61.5 115.3 130.6 152.1 180.9 187.0 208.5 Concessional . 2.0 47.6 75.2 88.7 109.1 141.4 152.4 178.0 Private creditors .. 33.7 63.3 23.1 19.2 250.0 254.2 252.3 250.9 Bonds . 0.0 0.0 0.0 0.0 225.0 225.0 225.0 225.0 Comimercial banks .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Other private ... 33.7 63.3 23.1 19.2 25.0 29.2 27.3 25.9 Private nonguaranteed . . 0.0 0.0 0.0 0.0 0.0 0.0 0.0 19.8 Bonds ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 19.8 Memo: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 0.0 0.0 0.0 2.0 27.6 64.7 109.0 137.2 148.2 220.1 DISBURSEMENTS . . 33.1 52.6 64.6 52.5 63.9 84.0 52.4 87.3 Public and publicly guaranteed . . 33.1 52.6 64.6 52.5 63.9 84.0 52.4 87.3 Official creditors ... 1.9 49.4 48.4 52.5 63.9 78.4 51.8 87.3 Multilateral . 0.0 2.1 25.8 36.0 48.0 41.4 22.3 69.3 Concessional ... 0.0 2.1 25.8 35.8 43.3 35.9 21.5 68.1 Bilateral ... 1.9 47.3 22.6 16.5 15.9 37.0 29.5 17.9 Concessional ... 1.9 47.3 19.4 15.9 15.9 37.0 29.5 17.9 Private creditors ... 31.2 3.2 16.2 0.0 0.0 5.6 0.7 0.0 Bonds ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Other private ... 31.2 3.2 16.2 0.0 0.0 5.6 0.7 0.0 Private nonguaranteed . . 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 0.0 0.0 0.0 2.1 25.8 35.0 43.3 32.3 18.9 62.8 PRINCIPAL REPAYMENTS . . 0.0 0.0 5.0 8.1 0.4 5.3 8.0 11.6 Public and publicly guaranteed . . 0.0 0.0 5.0 8.1 0.4 5.3 8.0 10.4 Official creditors ... 0.0 0.0 0.0 0.0 0.0 4.2 6.1 8.6 Multilateral ... 0.0 0.0 0.0 0.0 0.0 0.8 1.3 0.8 Concessional ... 0.0 0.0 0.0 0.0 0.0 0.0 0.4 0.0 Bilateral ... 0.0 0.0 0.0 0.0 0.0 3.3 4.9 7.8 Concessional ... 0.0 0.0 0.0 0.0 0.0 0.9 1.4 3.2 Private creditors ... 0.0 0.0 5.0 8.1 0.4 1.1 1.8 1.8 Bonds ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Other private ... 0.0 0.0 5.0 8.1 0.4 1.1 1.8 1.8 Private nonguaranteed . . 0.0 0.0 0.0 0.0 0.0 0.0 0.0 1.1 Bonds ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 1.1 Memo: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 NET FLOWS ON DEBT . . 33.1 52.6 59.6 44.4 63.5 78.7 44.5 75.8 Public and publicly guaranteed . . 33.1 52.6 59.6 44.4 63.5 78.7 44.5 76.9 Official creditors ... 1.9 49.4 48.4 52.5 63.9 74.2 45.6 78.7 Multilateral ... 0.0 2.1 25.8 36.0 48.0 40.6 21.0 68.5 Concessional ... 0.0 2.1 25.8 35.8 43.3 35.9 21.1 68.1 Bilateral ... 1.9 47.3 22.6 16.5 15.9 33.6 24.6 10.2 Concessional ... 1.9 47.3 19.4 15.9 15.9 36.1 28.1 14.7 Private creditors ... 31.2 3.2 11.1 -8.1 -0.4 4.5 -1.1 -1.8 Bonds ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Other private ... 31.2 3.2 11.1 -8.1 -0.4 4.5 -1.1 -1.8 Private nonguaranteed . . 0.0 0.0 0.0 0.0 0.0 0.0 0.0 -1.1 Bonds ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 -1.1 Memo: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 0.0 0.0 0.0 2.1 25.8 35.0 43.3 32.3 18.9 62.8 64 ALBANIA (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 INTEREST PAYMENTS (LINT) ... 3.1 1.9 2.1 9.1 4.5 12.8 20.8 21.6 Public and publicly guaranteed ... 3.1 1.9 2.1 9.1 4.5 12.8 20.8 20.9 Official creditors ... 0.0 0.3 0.5 7.7 3.9 4.9 5.2 5.8 Multilateral ... 0.0 0.0 0.0 0.2 0.6 1.4 1.9 2.1 Concessional ... 0.0 0.0 0.0 0.2 0.6 0.9 1.1 1.4 Bilateral ... 0.0 0.3 0.5 7.4 3.3 3.5 3.3 3.7 Concessional ... 0.0 0.1 0.3 3.1 1.8 2.0 2.1 2.7 Private creditors . . 3.1 1.6 1.6 1.5 0.6 7.9 15.6 15.1 Bonds ... 0.0 0.0 0.0 0.0 0.0 7.5 15.2 14.6 Commnercial banks ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Other private ... 3.1 1.6 1.6 1.5 0.6 0.5 0.5 0.4 Private nonguaranteed . . 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.8 Bonds ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.8 Memo: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 0.0 0.0 0.0 0.0 0.0 0.2 0.6 0.9 1.0 1.2 NET TRANSFERS ON DEBT . . 30.0 50.6 57.5 35.3 58.9 65.9 23.6 54.1 Public and publicly guaranteed . . 30.0 50.6 57.5 35.3 58.9 65.9 23.6 56.0 Official creditors ... 1.9 49.1 47.9 44.9 60.0 69.3 40.4 72.8 Multilateral ... 0.0 2.1 25.8 35.7 47.4 39.2 19.1 66.4 Concessional ... 0.0 2.1 25.8 35.6 42.8 35.0 20.0 66.8 Bilateral ... 1.9 47.0 22.1 9.1 12.6 30.1 21.3 6.5 Concessional ... 1.9 47.2 19.1 12.9 14.1 34.1 26.0 12.0 Private creditors ... 28.1 1.6 9.6 -9.5 -1.0 -3.5 -16.8 -16.8 Bonds ... 0.0 0.0 0.0 0.0 0.0 -7.5 -15.2 -14.6 Comfmercial banks ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Other private ... 28.1 1.6 9.6 -9.5 -1.0 4.0 -1.6 -2.2 Private nonguaranteed ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 .1.9 Bonds ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 -1.9 Memo: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 0.0 0.0 0.0 2.1 25.8 34.8 42.8 31.5 17.9 61.6 DEBT SERVICE (LTDS) . . 3.1 1.9 7.1 17.2 4.9 18.1 28.8 33.2 Public and publicly guaranteed ... 3.1 1.9 7.1 17.2 4.9 18.1 28.8 31.3 Official creditors ... 0.0 0.3 0.5 7.7 3.9 9.1 11.4 14.4 Multilateral ... 0.0 0.0 0.0 0.2 0.6 2.3 3.2 3.0 Concessional ... 0.0 0.0 0.0 0.2 0.6 0.9 1.5 1.4 Bilateral ... 0.0 0.3 0.5 7.4 3.3 6.8 8.2 1 1.5 Concessional ... 0.0 0.1 0.3 3.1 1.8 2.9 3.5 5.9 Private creditors ... 3.1 1.6 6.6 9.5 1.0 9.1 17.4 16.9 Bonds ... 0.0 0.0 0.0 0.0 0.0 7.5 15.2 14.6 Commnercial banks ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Other private ... 3.1 1.6 6.6 9.5 1.0 1.6 2.3 2.2 Private nonguaranteed ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 1.9 Bonds ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Comimercial banks ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 1.9 Memo: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 0.0 0.0 0.0 0.0 0.0 0.2 0.6 0.9 1.0 1.2 UNDISBURSED DEBT . . 20.1 104.5 133.7 209.4 312.0 378.4 328.5 358.1 Official creditors ... 0.0 69.9 116.0 190.5 299.0 377.6 328.5 351.4 Private creditors ... 20.1 34.6 17.7 19.0 13.1 0.8 0.0 6.8 Memorandum items Concessional LDOD ... 2.0 49.7 102.8 154.2 218.9 282.9 307.0 410.1 Variable rate LDOD ... 33.7 77.2 52.2 49.2 279.2 283.6 279.8 297.1 Public sector LDOD ... 35.7 126.9 166.0 215.6 516.7 586.3 603.3 701.3 Private sector LDOD ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 19.8 6. CURRENCI'COMPOSITION OF LON(;-TrERM% DEBT (PERCENTI' Deutsche mark ... 100.0 56.4 21.7 19.9 9.2 9.3 9.7 9.3 French franc ... 0.0 0.0 0.4 0.3 0.1 0.1 0.1 0.0 Japanese yen ... 0.0 0.0 0.0 3.9 1.6 2.7 2.8 2.9 Pound sterling ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Swiss franc ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 U.S.dollars ... 0.0 12.9 41.7 49.4 75.1 73.1 72.4 72.3 Multiple currency ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Special drawing rights ... 0.0 0.0 0.0 0.0 0.0 0.1 0.2 0.5 All other currencies ... 0.0 30.7 36.2 26.5 14.0 14.7 14.8 15.0 65 ALBANIA (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 7. DEBT RESTRUICTURINGS Total amount rescheduled ... 0.0 0.0 39.4 0.0 230.9 0.0 0.0 0.0 Debt stock rescheduled ... 0.0 0.0 0.0 0.0 225.0 0.0 0.0 0.0 Principal rescheduled ... 0.0 0.0 39.3 0.0 0.0 0.0 0.0 0.0 Official ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private ... 0.0 0.0 39.3 0.0 0.0 0.0 0.0 0.0 Interest rescheduled ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Official ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Debt forgiven ... 0.0 0.0 0.0 8.4 0.0 0.0 0.0 0.0 Memo: interest forgiven ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Debt stock reduction ... 0.0 0.0 0.0 0.0 146.0 0.0 0.0 0.0 of which debt buyback ... 0.0 0.0 0.0 0.0 30.0 0.0 0.0 0.0 8. DEBT STOCK-FLOW RECONCILIATION Total change in debt stocks ... 274.2 121.1 140.4 78.1 -207.5 28.5 34.0 114.6 Net flows on debt ... 271.6 135.8 163.1 69.9 -105.0 39.8 62.6 69.7 Net change in interest arrears . . 0.0 -2.4 -2.0 0.7 0.0 -0. 1 2.3 0.0 lnterest capitalized . . 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Debt forgiveness or reduction . . 0.0 0.0 0.0 -8.4 -116.0 0.0 0.0 0.0 Cross-currency valuation ... 4.9 -12.2 -9.3 9.1 6.4 -5.1 -19.4 13.1 Residual ... -2.3 0.0 -11.4 6.8 7.0 -6.1 -11.5 31.7 9. AVERAGE TERM~S OF NEW COMMTITMIENTS ALL CREDITORS Interest (%) ... 10.0 1.8 0.9 1.7 1.9 1.4 0.5 2.2 Maturity (years) ... 4.7 31.5 36.0 34.6 25.6 33.3 39.8 31.3 Grace period (years) ... 2.8 9.0 9.6 9.2 7.7 10.6 10.3 8.0 Grant element (%) ... -0.4 65.4 76.3 69.5 60.2 72.0 82.6 61.8 Official creditors Interest (%) ... 0.0 1.6 0.9 1.7 1.9 1.4 0.5 2.0 Maturity (years) ... 0.0 32.8 36.0 34.6 25.7 33.3 39.8 33.2 Grace period (years) ... 0.0 9.3 9.6 9.2 7.6 10.6 10.3 8.5 Grant element (%) ... 0.0 67.9 76.3 69.5 60.4 72.0 82.6 65.5 Private creditors Interest (%) . . 10.0 5.8 0.0 0.0 3.0 0.0 0.0 5.8 Maturity (years) ... 4.7 5.0 0.0 0.0 22.7 0.0 0.0 5.0 Grace period (years) ... 2.8 1.5 0.0 0.0 11.7 0.0 0.0 1.5 Grant element (%) ... -0.4 10.8 0.0 0.0 55.9 0.0 0.0 10.8 Memorandum items Commitments ... 49.8 76.5 96.3 120.3 174.9 176.2 33.8 100.7 Official creditors ... 0.0 73.1 96.3 120.3 168.7 176.2 33.8 94.0 Private creditors ... 49.8 3.4 0.0 0.0 6.2 0.0 0.0 6.8 10. CONTRACT'UAIL OBLIC %T IONS ON OUTST AN-DING LONG-TERMI DEBT 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 TOTAL Disbursements 83.9 101.6 70.5 45.4 25.8 13.6 7.1 2.0 0.3 0.0 Principal 17.5 21.3 16.6 25.2 24.3 23.8 28.0 35.2 29.1 29.6 Interest 22.3 23.4 25.5 25.9 25.8 25.3 24.7 23.7 22.8 22.0 Ofricial creditors Disbursements 83.9 101.6 70.5 45.4 25.8 13.6 7.1 2.0 0.3 0.0 Principal 11.6 16.1 12.2 20.7 20.4 23.8 28.0 32.7 29.1 29.5 Interest 6.8 8.2 10.4 11.0 10.9 10.6 10.0 9.1 8.2 7.4 Bilateral creditors Disbursements 19.9 17.9 10.8 6.9 3.2 1.7 0.8 0.0 0.0 0.0 Principal 9.1 11.7 2.3 9.9 7.7 8.8 11.0 14.8 10.7 11.3 Interest 3.4 3.3 3.2 3.2 3.1 3.0 2.9 2.6 2.4 2.2 Multilateral creditors Disbursements 64.0 83.7 59.7 38.5 22.5 11.9 6.3 2.0 0.3 0.0 Principal 2.5 4.4 9.9 10.8 12.7 15.0 17.1 17.9 18.4 18.1 Interest 3.4 4.8 7.2 7.8 7.9 7.6 7.1 6.5 5.8 5.1 Private creditors Disbursements 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal 5.9 5.2 4.4 4.4 3.9 0.0 0.0 2.5 0.0 0.2 Interest 15.5 15.3 15.2 14.9 14.9 14.8 14.8 14.6 14.6 14.6 Commnercial banks Disbursements 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Interest 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Other private Disbursements 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal 5.9 5.2 4.4 4.4 3.9 0.0 0.0 2.5 0.0 0.2 Interest 15.5 15.3 15.2 14.9 14.9 14.8 14.8 14.6 14.6 14.6 66 ALGERIA (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 I. SLUMMNARY DEBT DATA TOTAL DEBT STOCKS (EDT) 19,365 27,877 27,078 26,020 29,973 32,781 33,421 30,890 30,665 Long-term debt (LDOD) 940 17,040 26,416 25,489 24,847 28,178 31,042 31,062 28,710 28,469 Public and publicly guaranteed 940 17,040 26,416 25,489 24,847 28,178 31,042 31,062 28,710 28,469 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Use of IMF credit 0 0 670 795 471 1,159 1,478 2,031 2,018 2,011 Short-term debt 2,325 791 794 702 637 261 328 162 186 of which interest arrears on LDOD 0 0 1 2 1 3 0 0 0 Official creditors 0 0 0 1 0 0 0 0 0 Private creditors 0 0 1 1 1 3 0 0 0 Memo: principal arrears on LDOD 2 1 6 9 1 1 0 0 0 Official creditors 0 0 1 3 1 0 0 0 0 Private creditors 2 0 6 6 1 1 0 0 0 Memo: export credits 0 13,220 13,391 14,095 16,814 18,133 18,266 17,081 16,061 TOTAL DEBT FLOWS Disbursements 313 3,398 6,935 7,536 6,501 5,638 4,158 3,629 2,110 1,511 Long-term debt 313 3,398 6,935 7,536 6,501 4,797 3,684 2,885 1,646 1,167 EMF purchases 0 0 0 0 0 841 475 744 465 344 Principal repayments 35 2,529 6,779 7,227 7,282 3,546 2,391 2,079 2,372 3,143 Long-term debt 35 2,529 6,779 7,061 6,953 3,351 2,220 1,943 2,021 2,708 T4F repurchases 0 0 0 166 329 195 171 136 350 435 Net flows on debt 279 1,261 -892 -138 -874 2,028 1,390 1,620 -427 -1,609 of which short-term debt 392 -1,049 -446 -93 -64 -378 70 -166 24 Interest payments (INT) -. 1,556 2,025 2,083 1,781 1,561 1,814 2,094 2,049 1,992 Long-termn debt 10 1,440 1,784 1,814 1,704 1,496 1,723 2,006 1,944 1,879 IMF charges 0 0 62 70 42 31 69 75 93 99 Short-term debt .. 116 179 200 36 33 22 1 3 13 15 Net transfers on debt .. -294 -2,917 -2,221 -2,655 467 -424 -474 -2,476 -3,601 Total debt service paid (TDS) .. 4,084 8,803 9,310 9,063 5,107 4,204 4,173 4,420 5,136 Long-term debt 45 3,968 8,562 8,875 8,657 4,847 3,942 3,948 3,965 4,587 IMF repurchases and charges 0 0 62 235 371 226 240 211 443 534 Shoirt-term debt (interest only) .. 116 179 200 36 33 22 13 1 3 15 2.AGG REGATE N ET RESOLURCE- FLO%VS AND NET TRANSFERS i LONG-TERM i NET RESOURCE FLOWS 381 1,295 202 557 -344 1,536 1,540 1,040 -327 -1,427 Net flow of long-term debt (ex. IMF) 279 869 156 474 -453 1,446 1,464 943 -376 -1,541 Foreign direct investinent (net) 47 349 0 12 1 5 1 8 5 4 7 5 Portfolio equity flows 0 0 0 0 0 5 1 5 8 2 Grants (excluding technical coop.) 56 77 45 71 93 67 70 88 34 107 Memo: technical coop. grants 44 96 107 109 122 96 101 126 110 106 official net resource flows 88 399 626 310 93 943 1,019 1,020 195 -106 private net resource flows 294 896 -424 247 438 593 521 20 -523 -1,321 NET TRANSFERS 221 -831 -1,734 -1,457 -2,198 -90 -328 -1,106 -2,406 -3,421 Intereston long-terindebt 10 1,440 1,784 1,814 1,704 1,496 1,723 2,006 1,944 1,879 Profit remiitances on FDI 150 687 152 200 150 130 145 140 135 115 Memo: official net transfers 84 239 314 -61 -272 545 215 -215 -931 -1,302 private net transfers 137 -1,071 -2,047 -1,396 -1,926 -635 -543 -891 -1,475 -2,119 31. MAJOR ECONOMIC AGGREGATES Gross national product (GNP) 4,760 41,147 59,812 46,958 48,013 40,343 39,057 44,486 45,649 45,400 Exports of goods &services (XGS) .. 14,906 13,887 12,905 11,772 10,749 12,271 15,108 16,110 12,238 of which workers reniinances .. 406 352 829 700 1,115 1,294 1,045 1,075 1,080 Imports of goods & services (MGS) .. 14,552 12,448 11,219 10,232 11,505 12,842 12,282 11,357 11,771 Intemnational reserves (RES) 352 7,064 2,703 3,318 3,656 4,813 4,164 6,296 9,667 8,452 Current account balance .. 249 1,420...... -I. DEB'I 1NDIC..rORS EDT /XGS% .. 129.9 200.7 209.8 221.0 278.9 267.2 221.2 191.7 250.6 EDT /GNP% .. 47.1 46.6 57.7 54.2 74.3 83.9 75.1 67.7 67.5 TDS /XGS (% . 27.4 63.4 72.1 77.0 47.5 34.3 27.6 27.4 42.0 INT / XGS (% . 10.4 14.6 16.1 15.1 14.5 14.8 13.9 12.7 16.3 IINT /GNP(% . 3.8 3.4 4.4 3.7 3.9 4.6 4.7 4.5 4.4 RES / EDT (% . 36.5 9.7 12.3 14.1 16.1 12.7 18.8 31.3 27.6 RES / MGS (months) .. 5.8 2.6 3.6 4.3 5.0 3.9 6.2 10.2 8.6 Short-term /EDT (%) .. 12.0 2.8 2.9 2.7 2.1 0.8 1.0 0.5 0.6 Concessional /EDT(% . 6.6 3.1. 3.9 5.1 6.9 9.4 9.8 10.2 10.7 Multilateral /EDT (%) .. 1.5 7.3 10.2 11.2 11.2 11.9 12.2 12.5 14.3 67 ALGERIA (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 5. LONG-TERM DEBT DEBT OUTSTANDING (LDOD) 940 17,040 26,416 25,489 24,847 28,178 31,042 31,062 28,710 28,469 Public and publicly guaranteed 940 17,040 26,416 25,489 24,847 28,178 31,042 31,062 28,710 28,469 Official creditors 485 3,495 5,595 6,268 6,259 10,664 15,395 17,938 18,245 19,414 Multilateral 16 284 2,032 2,765 2,900 3,344 3,915 4,085 3,854 4,390 Concessional 0 14 76 100 153 155 292 334 362 385 Bilateral 470 3,211 3,563 3,503 3,359 7,319 11,480 13,853 14,391 15,025 Concessional 470 1,255 784 956 1,160 1,899 2,790 2,951 2,775 2,892 Private creditors 454 13,545 20,822 19,221 18,588 17,514 15,647 13,124 10,465 9,054 Bonds 5 410 1,420 1,281 645 261 0 0 0 0 Commercial banks 20 5,503 6,051 5,319 4,876 4,909 4,916 4,628 4,265 3,952 Other private 430 7,632 13,351 12,622 13,067 12,344 10,732 8,496 6,200 5,102 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commnercial banks 0 0 0 0 0 0 0 0 0 0 Memo: IBRD 16 253 1,208 1,474 1,512 1,709 2,049 1,939 1,795 1,676 IDA 0 0 0 0 0 0 0 0 0 0 DISBURSEMENTS 313 3,398 6,935 7,536 6,501 4,797 3,684 2,885 1,646 1,167 Public and publicly guaranteed 313 3,398 6,935 7,536 6,501 4,797 3,684 2,885 1,646 1,167 Official creditors 45 566 1,753 1,418 1,138 1,529 1,592 1,577 1,208 768 Multilateral 0 54 612 548 477 701 932 823 792 594 Concessional 0 1 9 19 58 6 149 64 54 64 Bilateral 45 512 1,141 869 661 828 660 755 415 174 Concessional 45 78 282 203 294 386 502 322 158 69 Private creditors 268 2,832 5,182 6,118 5,363 3,268 2,092 1,308 438 400 Bonds 5 30 0 0 0 0 0 0 0 0 Commercial banks 17 891 406 1,256 458 123 255 141 33 22 Other private 246 1,911 4,776 4,863 4,905 3,145 1,837 1,167 405 378 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 0 0 Memo: IBRD 0 39 300 268 176 300 554 286 250 56 IDA 0 0 0 0 0 0 0 0 0 0 PRINCIPAL REPAYMENTS 35 2,529 6,779 7,061 6,953 3,351 2,220 1,943 2,021 2,708 Public and publicly guaranteed 35 2,529 6,779 7,061 6,953 3,351 2,220 1,943 2,021 2,708 Official creditors 13 244 1,172 1,178 1,138 653 643 646 1,046 981 Multilateral 3 42 312 334 351 450 454 411 698 412 Concessional 0 1 6 8 8 7 11 16 12 31 Bilateral 10 203 861 844 787 203 189 235 348 569 Concessional 10 72 97 78 76 54 43 98 118 148 Private creditors 22 2,284 5,606 5,883 5,816 2,698 1,577 1,297 975 1,728 Bonds 0 15 16 129 663 445 278 0 0 0 Commercial banks 2 918 1,330 938 1,107 382 220 178 132 501 Other private 19 1,352 4,261 4,816 4,046 1,872 1,078 1,119 843 1,227 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 0 0 Memo: IBRD 3 13 130 166 170 208 260 252 234 208 IDA 0 0 0 0 0 0 0 0 0 0 NET FLOWS ON DEBT 279 869 156 474 -453 1,446 1,464 943 -376 -1,541 Public and publicly guaranteed 279 869 156 474 -453 1,446 1,464 943 -376 -1,541 Official creditors 32 322 580 240 0 876 949 932 162 -213 Multilateral -3 13 300 214 126 252 478 412 94 182 Concessional 0 0 3 11 50 -1 138 49 43 33 Bilateral 35 309 281 25 -126 625 471 520 68 -395 Concessional 35 6 185 125 218 332 460 224 40 -79 Private creditors 247 548 -424 235 -453 570 515 11 -537 -1,328 Bonds 5 15 -16 -129 -663 -445 -278 0 0 0 Commercial banks 15 -27 -924 318 -649 -259 35 -37 -99 -479 Other private 227 559 515 46 859 1,273 759 49 -438 -849 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 0 0 Memo: IBRD -3 26 170 101 6 92 294 34 17 -152 IDA 0 0 0 0 0 0 0 0 0 0 68 ALGERIA (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 INTEREST PAYMENTS (LINT) 10 1,440 1,784 1,814 1,704 1,496 1,723 2,006 1,944 1,879 Public and publicly guaranteed 10 1,440 1,784 1,814 1,704 1,496 1,723 2,006 1,944 1,879 Official creditors 4 159 312 371 365 398 804 1,235 1,126 1,196 Multilateral 1 29 117 196 205 203 251 281 252 279 Concessional 0 1 6 6 5 6 8 15 16 1 8 Bilateral 3 130 195 175 160 196 553 954 874 917 Concessional 3 35 17 20 21 50 83 129 103 107 Private creditors 6 1,280 1,472 1,443 1,338 1,098 918 771 818 683 Bonds 0 45 105 90 68 49 13 0 0 0 Comimercial banks 0 672 526 358 355 343 253 206 259 229 Other private 6 563 841 994 915 707 653 565 559 454 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Conumercial banks 0 0 0 0 0 0 0 0 0 0 Memo: lEBRD 1 25 73 112 113 119 137 139 120 124 IDA 0 0 0 0 0 0 0 0 0 0 NET TRANSFERS ON DEBT 269 -570 -1,627 -1,339 -2,156 -50 -259 -1,063 -2,319 -3,420 Public and publicly guaranteed 269 -570 -1,627 -1,339 -2,156 -50 -259 -1,063 -2,319 -3,420 Official creditors 28 162 268 -131 -365 478 145 -303 -964 -1,409 Multilateral -4 -17 183 1 8 -79 49 227 131 -158 -97 Concessional 0 -l -2 5 45 -7 130 34 27 15 Bilateral 32 179 85 -150 -286 429 -83 -434 -806 -1,312 Concessional 32 -29 168 105 197 282 377 94 -62 -186 Private creditors 240 -732 -1,896 -1,208 -1,791 -528 -403 -760 -1,355 -2,011 Bonds 5 -30 -120 -220 -731 -493 -291 0 0 0 Comimercial banks 14 -699 -1,450 -40 -1,004 -601 -218 -243 -358 -708 Other private 221 -4 -326 -948 -56 566 105 -517 -996 -1,303 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 0 0 Memo: IBRD -40 97 -11 -107 -27 157 -105 -103 -276 IDA 0 0 0 0 0 0 0 0 0 0 DEBT SERVICE (LTDS) 45 3,968 8,562 8,875 8,657 4,847 3,942 3,948 3,965 4,587 Public and publicly guaranteed 45 3,968 8,562 8,875 8,657 4,847 3,942 3,948 3,965 4,587 Official creditors 17 404 1,485 1,549 1,503 1,051 1,447 1,881 2,172 2,177 Multilateral 4 7 1 429 530 556 652 705 692 951 691 Concessional 0 2 12 14 13 13 19 3 1 28 48 Bilateral 13 333 1,056 1,019 947 399 742 1,189 1,221 1,486 Concessional 13 107 114 98 97 104 125 228 221 255 Private creditors 28 3,564 7,078 7,326 7.154 3.796 2,495 2.068 1,793 2,411 Bonds 0 60 120 220 731 493 291 0 0 0 Comimercial banks 3 1,590 1,856 1,296 1,462 725 473 384 391 730 Otier private 25 1,915 5,102 5,811 4,961 2,579 1,732 1,684 1,401 1,680 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 0 0 Memo: IBRD 4 39 203 278 282 327 397 391 353 332 IDA 0 0 0 0 0 0 0 0 0 0 UNDISBURSED DEBT 738 11,717 12,862 14,753 14,482 11,591 10,071 7,096 6,022 5,475 Official creditors 579 4,169 5,164 5,666 6,660 5,966 5,931 4,883 4,356 3,899 Private creditors 159 7,548 7,698 9,086 7,822 5,625 4,140 2,213 1,666 1,576 Memorandum items Concessional LDOD 470 1,269 860 1,056 1,313 2,053 3,082 3,285 3,137 3,277 Variable rate LDOD 26 4,265 10,712 11,897 12,509 14,681 16,657 16,723 15,833 15,316 Public sector LDOD 940 17,040 26,336 25,369 24,742 28,083 30,954 30,972 28,593 28,309 Private sector LDOD 0 0 80 120 105 95 89 90 116 160 6. CURRENCY CONIPOSITION (IF L.ON(-TERNI DFBT (PF.RCFNTI Deutsche mark 1.9 9.9 10.5 8.3 6.6 6.3 7.2 6.9 6.6 6.7 French franc 36.0 10.9 16.8 13.1 11.9 13.8 16.2 16.9 15.5 15.1 Japanese yen 0.0 13.4 15.2 15.4 16.0 15.2 13.2 12.2 11.8 12.1 Pound sterling 8.3 2.2 1.5 1.1 0.9 1.0 0.9 1.0 1.1 1.0 Swiss franc 0.2 2.7 0.8 0.6 0.5 0.6 0.7 0.5 0.5 0.4 U.S.dollars 37.0 41.5 33.8 39.8 43.0 40.9 38.3 39.0 41.5 44.8 Multiple currency 1.7 3.4 4.9 6.8 7.4 7.5 8.0 7.7 7.9 1.8 Special drawing rights 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 All other currencies 14.9 16.0 16.5 14.9 13.7 14.7 15.5 15.8 15.1 18.1 69 ALGERIA (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 7. DEBT RESTRUICTURINGS Total amount rescheduled ..0 0 0 4,229 5,096 3,674 2,295 559 Debt stock rescheduled ..0 0 0 0 0 0 0 0 Principal rescheduled 0 0 0 3,740 4,410 3,250 2,118 545 Official 0 0 0 541 535 363 224 83 Private 0 0 0 3,199 3,875 2,887 1,895 462 Interest rescheduled 0 0 0 457 381 289 89 0 Official 0 0 0 79 68 46 20 0 Private 0 0 0 377 312 243 69 0 Debt forgiven 0 0 0 0 0 4 10 0 Memo: interest forgiven 0 0 0 0 0 0 0 0 Debt stock reduction 0 0 0 0 0 0 0 0 ofwlhich debt buyback ..0 0 0 0 0 0 0 0 8. DEBT STOCK-FLOW RECONCILLIATON Total change in debt stocks 806 -1,126 -1,058 3,953 2,808 640 -2,531 -224 Net flows on debt 279 1,261 -892 -138 -874 2,028 1,390 1,620 -427 -1,609 Net change in interest ar-rears 0 1 1 -1 2 -3 0 0 Interest capitalized 0 0 0 457 381 289 89 0 Debt forgiveness or reduction 0 0 0 0 0 -4 -10 0 Cross-currency valuation ... 1,826 -860 -128 1,537 837 -1,285 -1,829 1,166 Residual ... -127 -129 -57 -67 198 23 -355 218 9. AVIERAGE TERIAIS OF N-EW COMAI iITNI ENTS ALL CREDITORS Interest (%) 5.7 8.1 8.4 5.7 5.5 5.5 6.5 5.5 5.6 5.3 Maturity (years) 12.7 12.5 9.0 10.8 10.1 8.9 8.5 9.1 10.6 11.2 Grace period (years) 3.6 3.5 2.5 4.7 4.4 3.0 2.8 2.9 3.2 3.2 Grant element (%) 23.0 8.3 6.9 19.9 18.1 16.5 12.3 17.1 16.6 19.2 Official creditors Interest (%) 2.8 7.7 7.0 5.9 5.4 5.0 6.2 5.8 5.5 6.2 Maturity (years) 23.9 17.7 16.8 15.2 13.9 14.1 9.6 10.3 11.1 14.8 Grace period (years) 9.2 5.2 4.0 6.9 6.7 5.8 3.3 3.7 3.6 3.6 Grant element (%) 54.3 13.5 19.5 25.1 25.0 25.7 14.5 17.4 17.1 18.8 Private creditors Interest (%) 6.4 8.4 8.9 5.7 5.6 5.7 7.1 4.8 5.8 4.4 Maturity (years) 9.8 9.7 6.4 9.9 8.1 6.2 6.2 6.4 8.7 7.5 Grace period (years) 2.1 2.6 2.0 4.3 3.2 1.5 1.9 1.1 1.7 2.8 Grant element (%) 14.8 5.5 2.8 18.9 14.6 11.6 7.8 16.5 14.7 19.7 Memorandumi items Conmmitments 378 3,538 8,059 9,983 6,785 3,438 2,426 2,298 1,562 818 Official creditors 79 1,258 1,987 1,653 2,289 1,201 1,630 1,580 1,239 417 Private creditors 299 2,279 6,072 8,330 4,497 2,237 795 718 322 400 10. CONTRAC11.IAL OBLIGATIONS ON OUTSTANDING LONG-TEMI DEBT 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 TOTAL Disbursements 2,376 1,330 716 285 95 42 21 8 3 0 Principal 3,490 3,036 2,852 2,548 2,338 2,206 2,223 2,233 2,741 2,807 Interest 1,888 1,795 1,650 1,498 1,341 1,193 1,048 901 753 565 Official creditors Disbursements 1,337 1,006 617 261 86 42 21 8 3 0 Principal 1,449 1,503 1,564 1,458 1,418 1,458 1,557 1,686 2,059 2,294 Interest 1,276 1,276 1,221 1,146 1,058 965 867 762 647 505 Bilateral creditors Disbursements 545 339 170 61 28 1 8 9 3 0 0 Principal 752 781 799 777 855 953 1,101 1,295 1,695 1,943 Interest 938 921 883 840 791 737 675 602 517 403 Multilateral creditors Disbursements 792 667 447 200 57 24 12 5 3 0 Principal 697 721 765 681 563 505 456 391 364 351 Interest 338 355 337 306 267 229 192 160 130 102 Private creditors Disbursements 1,039 324 99 24 9 0 0 0 0 0 Principal 2,041 1,533 1,289 1,090 920 748 666 547 683 513 Interest 612 519 429 352 284 228 181 139 106 60 Commercial banks Disbursements 134 3 0 0 0 0 0 0 0 0 Principal 376 435 509 458 445 398 370 319 224 206 Interest 252 231 200 169 140 1l1 87 63 45 3 1 Other private Disbursements 905 321 99 24 9 0 0 0 0 0 Principal 1,665 1,098 780 632 476 350 296 228 459 307 Interest 359 287 229 183 144 117 94 76 6 1 29 70 ANGOLA (US mllon unes ohewis idiatd) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 1. SUMMNIARVi DEI'B DATA TOTAL DEBT STOCKS (EDT) 8,594 10,061 10,574 11,297 11,512 11,225 11,841 12,173 Long-term debt (LDOD) 7,605 8,132 8,694 9,126 9,553 10,055 10,571 10,616 Public and publicly guaranteed 7,605 8,132 8,694 9,126 9,553 10,055 10,571 10,616 Private nonguaranteed 0 0 0 0 0 0 0 0 Use ofIMF credit 0 0 0 0 0 0 0 0 0 0 Short-term debt 989 1,929 1,881 2,171 1,959 1,170 1,270 1,556 of which interest arrears on LDOD 204 609 890 1,138 1,234 495 550 656 Official creditors 52 147 195 234 276 170 188 216 Private creditors 152 462 695 905 958 325 362 441 Memo: principal arrears on LDOD 496 1,954 3,165 3,769 4,200 1,635 1,731 2,048 Official creditors ... 86 559 822 895 1,098 381 414 482 Private creditors 410 1,396 2,343 2,874 3,102 1,254 1,317 1,566 Memo: export credits 1,639 1,928 2,197 2,084 2,263 2,007 2,303 2,045 TOTAL DEBT FLOWS Disbursements 862 647 685 417 550 778 1,307 586 Long-term debt 862 647 685 417 550 778 1,307 586 IMEpurchases 0 0 0 0 0 0 0 0 00 Principal repayments 183 144 62 152 331 552 716 914 Long-termndebt 183 144 62 152 331 552 716 914 IMFrepurchases 0 0 0 0 0 0 0 0 00 Net flows on debt 977 907 295 306 -89 176 636 -147 of which short-termn debt 298 404 -329 42 -308 -50 45 180 interest payments (INT) 143 101 91 106 132 342 414 439 Long-term debt ... 100 47 25 5 1 79 293 367 394 IMF charges 0 0 0 0 0 0 0 0 00 Short-term debt ... 43 54 66 55 53 49 46 45 Net transfers on debt 834 805 203 201 -220 -166 222 -587 Total debt service paid (TDS) 326 246 153 258 463 894 1,129 1,353 Long-term debt ... 283 191 87 203 410 845 1,083 1,308 lIM repurchases and charges 0 0 0 0 0 0 0 0 0 0 Short-term debt (interest only) ... 43 54 66 55 53 49 46 45 2.AGGREGATE NET RESOURCE FLOW%SIAND NET TRANSFERS (LONG-TE%RMI NET RESOURCE FLOWS 536 976 1,095 735 797 682 1,183 249 Net flow of long-term debt (ex. IMP .. 679 503 624 264 219 226 591 -327 Foreign direct investment (net) ... -335 288 302 170 250 181 350 360 Portfolio equity flows ...0 0 0 0 0 0 0 0 Grants (excluding technical coop.) ... 192 186 170 301 328 275 242 216 Memo: technical coop. grants ... 36 89 692 690 723 114 257 520 official net resource flows ... 302 239 9182 340 342 297 2259 209 private net resource flows ... 235 738 93 35 3435994 NET TRANSFERS 122 567 670 275 268 -11 391 -596 Interest on long-termn debt ... 100 47 25 5 1 79 293 367 394 Profit remiittances on FDI ... 314 362 400 410 450 400 425 450 Memo: official net transfers ... 283 224 175 330 411 270 203 195 private net transfers ... -161 343 495 -55 -143 -281 188 -790 3. NLAJOR ECONOMIC AGGREGATES Gross national product (GNP) ... 8,227 3,511 3,239 1,943 2,300 4,106 4,2t;2 4,098 Exports of goods & services (XGS) ... 4,003 3,991 3,018 3,180 3,852 5,406 5,267 3,930 of which workers remittances ...0 0 0 0 0 0 imports of goods & services (MGS) ... 4,161 4,828 3,852 3,765 4,302 5,980 6,262 5,914 intemnational reserves (RES) ......... 213 552 396 203 Cur-rent account balance ... -236 -735 -668 -340 -295 3,266 -852 -1,776 41. DEBT INDICATORS EDT /XGS ()... 214.7 252.1 350.4 355.3 298.9 207.6 224.8 309.8 EDT /GNP(% ... 104.5 286.6 326.4 581.4 500.5 273.4 276.6 297.1 TDS /XGS(% ... 8.1I 6.2 5.1 8.1 12.0 16.5 21.4 34.4 INT /XGS(% . . 3.6 2.5 3.0 3.3 3.4 6.3 7.9 11.2 INT / GNP ()... 1.7 2.9 2.8 5.4 5.7 8.3 9.7 10.7 RES /EDT(% ......... 1.9 4.9 3.4 1.7 RES /MGS (months) ......... 0.6 1.1 0.8 0.4 Short-term /EDT (%M.. 11.5 19.2 17.8 19.2 17.0 10.4 10.7 12.8 Concessional /EDT(% ... 13.9 12.9 12.4 12.4 12.9 19.3 18.8 21.3 Multilateral /EDT (%) ... 0.7 1.1 1.2 1.5 1.7 1.9 2.0 2.3 71 ANGOLA (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 5. l.0NG-T`ERN! DEBT DEBT OUTSTANDING (LDOD) 7,605 8,132 8,694 9,126 9,553 10,055 10,571 10,616 Public and publicly guaranteed 7,605 8,132 8,694 9,126 9,553 10,055 10,571 10,616 Official creditors 1,839 1,932 1,923 2,093 2,226 2,879 2,888 3,231 Multilateral 57 112 125 164 192 218 234 279 Concessional 20 41 5 1 88 119 151 168 212 Bilateral 1,782 1,820 1,798 1,929 2,035 2,661 2,655 2,952 Concessional 1,177 1,261 1,264 1,318 1,371 2,013 2,062 2,385 Private creditors 5,767 6,200 6.771 7.033 7,326 7,176 7,682 7,386 Bonds ..0 0 0 0 0 0 0 0 Commnercial bantks 196 214 229 612 924 4,705 5,405 5,128 Other private 5,571 5,987 6,542 6,422 6,402 2,471 2,278 2,258 Private nonguaranteed 0 0 0 0 0 0 0 0 Bonids 0 0 0 0 0 0 0 0 Comniercial banks 0 0 0 0 0 0 0 0 Memo: IBRD 0 0 0 0 0 0 0 0 0 0 IDA 0 0 0 6 15 50 8 1 115 136 179 DISBURSEMENTS 862 647 685 417 550 778 1,307 586 Public and publicly guaranteed 862 647 685 417 550 778 1,307 586 Official creditors 169 94 36 73 119 55 34 75 Multilateral 5 21 14 33 30 38 28 36 Concessional ..4 6 10 33 30 38 28 36 Bilateral 164 73 22 40 89 1 7 6 38 Concessional 54 34 21 40 33 5 6 0 Private creditors ..693 553 649 344 431 723 1,273 512 Bonds 0 0 0 0 0 0 0 0 Commercial banks 17 9 16 299 396 685 1,219 452 Other private 676 544 633 45 35 38 54 60 Private nonguaranteed 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 Memo: IBRD 0 0 0 0 0 0 0 0 0 0 IDA 0 0 0 6 10 33 30 38 28 36 PRINCIPAL REPAYMENTS 183 144 62 152 331 552 716 914 Public and publicly guaranteed 183 144 62 152 331 552 716 914 Official creditors 60 41 24 33 24 33 5 1 82 Multilateral ...4 0 0 0 2 0 1 0 Concessional ..0 0 0 0 0 0 0 0 Bilateral ... 56 40 24 33 22 33 50 82 Concessional 1 3 2 9 3 8 1 1 13 Private creditors 123 104 38 119 307 519 665 832 Bonds 0 0 0 0 0 0 0 0 Commiercial banks ..24 5 1 48 108 310 518 729 Other private 100 98 38 72 199 209 146 103 Private nonguaranteed 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 Memo: IBRD 0 0 0 0 0 0 0 0 0 0 IDA 0 0 0 0 0 0 0 0 0 0 NET FLOWS ON DEBT 679 503 624 264 219 226 591 -327 Public and publicly guaranteed 679 503 624 264 219 226 591 -327 Official creditors 110 53 13 40 95 21 -17 -7 Multilateral 1 21 14 33 29 38 27 36 Concessional 4 6 10 33 30 38 28 36 Bilateral 109 32 -2 7 67 -16 -44 -44 Concessional ... 53 3 1 1 8 3 1 30 -2 -5 -13 Private creditors 570 450 611 225 124 204 609 -320 Bonds ..0 0 0 0 0 0 0 0 Comimercial banks -7 4 16 252 288 375 701 -278 Other private .. 577 446 595 -27 -164 -171 -92 -43 Private nonguaranteed 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 Comunercial banks 0 0 0 0 0 0 0 0 Memo: IBRD 0 0 0 0 0 0 0 0 0 0 IDA 0 0 0 6 10 33 30 38 28 36 72 ANGOLA (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 INTEREST PAYMENTS (LINT) 100 47 25 51 79 293 367 394 Public and publicly guaranteed 100 47 25 51 79 293 367 394 Official creditors 19 14 8 10 12 27 22 14 Multilateral 2 5 0 0 1 1 1 1 Concessional 0 0 0 0 0 1 1 1 Bilateral ..16 9 8 10 12 26 21 13 Concessional 1 3 3 7 7 2 6 2 Private creditors 81 33 18 40 67 266 345 380 Bonds 0 0 0 0 0 0 0 0 Commercial banks ..8 5 3 11 33 227 306 365 Other private 74 27 15 30 34 39 39 15 Private nonguaranteed 0 0 0 0 0 0 0 0 Bonds ..0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 Memo: IBRD 0 0 0 0 0 0 0 0 0 0 IDA 0 0 0 0 0 0 0 1 1 1 NET TRANSFERS ON DEBT 579 456 598 214 140 -67 224 -722 Public and publicly guaranteed 579 456 598 214 140 -67 224 -722 Official creditors 91 39 5 30 83 -5 -39 -21 Multilateral -2 16 14 33 28 37 27 35 Concessional 4 6 10 33 30 37 27 35 Bilateral 92 23 -9 -3 55 -42 -65 -56 Concessional .. 52 29 15 24 23 -5 -11 -15 Private creditors .. 488 417 593 184 57 -62 263 -700 Bonds 0 0 0 0 0 0 0 0 Commercial banks ..-15 -1 13 241 255 148 394 -643 Other private .. 503 418 580 -57 -198 -210 -131 -58 Private nonguaranteed ..0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 Commercial banks ..0 0 0 0 0 0 0 0 Memo: IBRD 0 0 0 0 0 0 0 0 0 0 IDA 0 0 0 6 10 33 30 37 27 35 DEBT SERVICE (LTDS) 283 191 87 203 410 845 1,083 1,308 Public and publicly guaranteed 283 191 87 203 410 845 1,083 1,308 Official creditors 78 55 31 43 36 60 73 96 Multilateral 6 5 0 1 3 1 1 1 Concessional ..0 0 0 0 0 1 1 1 Bilateral 72 50 31 43 34 59 71 95 Concessional 2 5 5 15 10 10 17 15 Private creditors 205 136 56 160 374 785 1,010 1,212 Bonds ...0 0 0 0 0 0 0 0 Commercial banks 31 11 3 58 141 538 824 1,094 Other private ..173 126 53 101 233 248 186 118 Private nonguaranteed ..0 0 0 0 0 0 0 0 Bonds ..0 0 0 0 0 0 0 0 Commercial banks ..0 0 0 0 0 0 0 0 Memo: IBRD 0 0 0 0 0 0 0 0 0 0 IDA 0 0 0 0 0 0 0 1 1 1 UNDISBURSED DEBT ..1,356 1,588 1,309 1,219 1,112 857 904 663 Official creditors 493 750 688 705 612 344 280 245 Private creditors ..863 838 621 515 500 513 624 418 Memorandum items Concessional LDOD ... 1,197 1,302 1,315 1,405 1,490 2,164 2,231 2,597 Variable rate LDOD ... 450 362 366 548 850 1,345 1,486 1,183 Public sector LDOD ... 7,600 8,125 8,687 9,097 9,523 10,030 10,542 10,590 Private sector LDOD ..5 7 7 29 30 25 28 26 6. CUJRRENCN'ICONIPOSFTION OF LONG-TERM DEBT (PERCENT) Deutsche mark ... 0.3 0.2 0.2 0.2 0.2 0.3 0.2 0.2 French franc ... 3.6 3.6 3.5 3.9 4.4 3.9 3.3 3.5 Japanese yen ... 0.3 0.3 0.3 0.4 0.3 0.3 0.7 1.1 Pound sterling ... 1.4 1.0 0.9 0.9 0.9 0.9 0.9 0.9 Swiss franc ... 0.7 0.2 0.1 0.1 0.1 0.3 0.2 0.2 U.S.dollars ... 80.7 81.8 82.7 81.9 80.9 87.4 88.9 88.2 Multiple currency ... 0.5 1.1 1.0 1.0 1.0 0.8 0.7 0.8 Spe-cial drawing rights . . 0.0 0.0 0.1 0.3 0.5 0.7 0.7 0.9 All other currencies ... 12.5 11.8 11.2 11.3 11.7 5.4 4.4 4.2 73 ANGOLA (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 7. DEBT R-EsTRUICTURINGS Total amount rescheduled 252 0 0 273 437 1,545 94 318 Debt stock rescheduled 53 0 0 0 0 0 0 0 Principal rescheduled ..160 0 0 205 360 1,216 28 17 Official 16 0 0 33 0 267 0 0 Private 143 0 0 172 360 950 28 17 Interest rescheduled 43 0 0 44 70 235 0 34 Official ..8 0 0 7 0 38 0 0 Private 35 0 0 37 70 196 0 34 Debt forgiven 0 0 0 0 0 3,746 0 0 Memo: interest forgiven 0 0 0 0 0 3 0 0 Debt stock reduction 0 0 0 0 0 0 0 0 of which debt buyback 0 0 0 0 0 0 0 0 M. DEBT STOCK-FLOA RECONCIL[ATION Total change in debt stocks ..1,303 1.059 513 723 215 -287 616 332 Net flows on debt 977 907 295 306 -89 176 636 -147 Net change in interest arrears 130 227 281 249 96 -739 56 106 Interest capitalized 43 0 0 44 70 235 0 34 Debt forgiveness orreduction ,.0 0 0 0 0 -3,746 0 0 Cross-currency valuation .. 181 -73 -56 108 92 -66 -122 71 Residual .. -27 -3 -6 16 46 3,854 47 268 9. AV ERAGE TERM%S OF NEW COMMNITMENTS ALL CREDITORS Interest (%) ... 6.9 5.6 6.5 6.9 8.1 7.3 8.0 7.4 Maturity (years) ... 10.1 13.1 6.1 3.8 8.7 4.3 2.9 7.2 Grace period (years) ... 2.5 3.2 1.3 0.8 0.4 1.3 0.4 0.7 Grant element (%) ... 14.2 23.0 9.6 5.1 5.4 6.2 2.6 10.2 Official creditors Interest (%) ... 5.7 3.0 0.7 10.2 8.1 2.8 0.0 3.6 Maturity (years) ... 14.1 31.6 39.8 7.7 9.9 29.6 0.0 21.3 Grace period (years) ... 3.7 7.7 10.3 1.9 0.4 7.1 0.0 1.3 Grant elcment (%) .. 22.0 56.9 80.6 2.3 6.4 57.5 0.0 39.1 Private creditors Interest (%) ... 7.7 6.8 6.8 6.2 8.1 7.5 8.0 8.4 Maturity (years) ... 7.5 4.0 4.6 3.0 8.6 3.1 2.9 3.6 Grace period (years) . 1.8 1.0 0.9 0.6 0.4 1.0 0.4 0.6 Grant element (%) ... 9.0 6.3 6.4 5.6 5.4 3.7 2.6 2.8 Memorandumn itemis Commnitments ... 523 851 460 329 420 781 1,215 437 Official creditors ... 210 281 20 56 3 36 0 89 Private creditors ... 313 571 441 273 417 745 1,215 348 1'). CONTRACTUAL OBLIGULYONS ON OUTSTANDING LONG-TERMI DEBr 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 TOTAIL Disbursements 265 204 100 17 8 4 3 3 2 Principal 1,302 990 625 507 442 417 373 338 327 326 Interest 438 362 419 382 350 322 296 273 252 231 Official creditors Disbursements 74 5 1 29 15 7 4 3 3 2 1 Principal 150 116 214 213 179 169 168 164 154 153 Interest 3 1 25 135 123 112 102 93 84 75 67 Bilateral creditors Disbursements 24 20 14 9 6 4 3 3 2 I Principal 136 103 200 198 165 159 158 154 147 146 Interest 24 18 130 119 108 99 90 82 73 65 Multilateral creditors Disbursements 50 3 1 15 6 1 0 0 0 0 0 Principal 14 13 13 15 15 10 10 9 7 8 Interest 7 6 6 5 4 3 3 2 2 2 Private creditors Disbursements 191 153 71 2 1 0 0 0 0 0 Principal 1,152 874 411 294 263 248 206 175 173 173 Interest 406 337 284 259 238 220 202 189 176 164 Commercial banks Disbursements 6 4 2 1 0 0 0 0 0 0 Principal 846 609 247 216 210 208 167 136 136 136 Interest 350 293 253 236 220 205 190 179 168 158 Other private Disburgements 185 149 70 1 1 0 0 0 0 0 Principal 306 265 164 78 54 40 3 8 38 37 37 Interest 56 44 3 1 23 1 8 1 5 1 3 1 0 8 6 74 ARGENTINA (US$ millioni, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 I. SUrlNINIARI DEBT DATA TOTAL DEBT STOCKS (EDT) 27,151 62,730 68,937 65,325 75,760 99,364 111,934 130,828 1j44,050 Long-term debt (LDOD) 5,169 16,768 49,203 50,447 53,153 64,378 71,878 82,144 92,972 107,652 Public and publicly guaranteed 1,878 10,175 47,403 48,203 46,783 51,255 55,811 63,076 67,562 76,799 Private nonguaranteed 3,291 6,593 1,800 2,244 6,369 13,123 16,066 19,068 25,411 30,853 Use of IMF credit 0 0 3,083 2,314 3,520 4,211 6,131 6,293 5,868 5,442 Short-term debt 10,383 10,445 16,176 8,653 7,171 21,355 23,498 31,988 30,956 of which interest arrears oriLDOD 0 7,562 9,076 1 1 0 0 0 0 Official creditors 0 132 627 0 0 0 0 0 0 Private creditors 0 7,429 8,450 1 1 0 0 0 0 Memo: principal arrears on LDOD 0 4,369 5,782 0 0 0 0 0 0 Official creditors 0 224 430 0 0 0 0 0 0 Private creditors 0 4,145 5,352 0 0 0 0 0 0 Memo: export credits 0 8,964 9,749 11,593 12,514 12,262 11,791 10,601 10,951 TOTAL DEBT FLOWS1956 221 Disbursements 907 4,705 1,693 3,281 10,884 9,586 11,333 18,670 1,56 221 Long-term debt 907 4,705 1,255 2,458 9,272 8,709 8,968 17,874 19,095 25,261 IMF purchases 0 0 437 824 1,613 876 2,365 796 442 0 Principal repayments 771 1,848 3,436 2,054 2,586 1,938 3,575 6,829 10,938 12,596 Long-term debt 771 1,848 2,738 1,156 2,202 1,523 3,090 6,398 10,459 11,940 IMFErepurchases 0 0 697 898 384 415 484 431 479 657 Net flows on debt 774 6,329 -1,743 3,406 10,484 6,166 21,943 13,984 17,089 11,633 of which short-term debt .. 3,472 0 2,179 2,186 -1,482 14,185 2,143 8,491 -1,032 Interest payments (INT) .. 2,330 2,749 2,858 3,317 3,927 5,406 6,225 7,370 8,976 Long-term debt 338 1,338 2,241 2,434 2,543 3,223 4,404 4,721 5,763 7,139 IMF charges 0 0 277 178 206 203 275 270 276 264 Short-term debt .. 992 231 246 568 502 727 1,233 1,332 1,574 Net transfers on debt .. 3,999 -4,492 548 7,167 2,238 16,537 7,759 9,719 2,657 Total debt service paid (TDS) .. 4,178 6,185 4,912 5,903 5,866 8,981 13,054 18,308 21,573 Long-term debt 1,109 3,186 4,980 3,590 4,745 4,746 7,494 11,119 16,222 19,078 IMF repurchases and charges 0 0 975 1,077 590 618 759 701 755 921 Short-term debt (interest OnlY) .. 992 231 246 568 502 727 1,233 1,332 1,574 2. AGGREGATE NET RESOUIRCE FLOWVS AND NET TRANSFERS tLONG-TERINI NET RESOURCE FLOWS 143 3,537 387 6,104 15,393 11,839 11,403 18,880 18,993 19,553 Net flow of long-term debt (ex. IMF 135 2,857 -1,483 1,302 7,069 7,186 5,878 11,476 8,635 13,322 Foreign direct investmnent (net) I11 678 1,836 4,384 2,763 3,432 5,279 6,513 8,094 6,150 Portfolio equity flows 0 0 13 392 5,529 1,205 211 864 2,236 50 Grants (excluding techniical coop.) -3 2 2 1 27 32 16 36 27 28 3 1 Memo: technical coop. grants 13 35 84 84 8 1 80 84 85 77 66 official net resource flows 49 61 590 116 2,705 718 1,440 -15 -86 654 private net resource flows 94 3,476 -203 5,988 12,689 11,121 9,963 18,895 19,079 18,899 NET TRANSFERS -268 1,594 -2,491 2,826 11,904 7,496 5,699 12,659 11,630 10,614 Interest on long-term debt 338 1,338 2,241 2,434 2,543 3,223 4,404 4,721 5,763 7,139 Profit renmittances on FDI 73 605 637 845 946 1,120 1,300 1,500 1,600 1,800 Memo: official net transfers 16 -85 102 -638 1,717 -532 -17 -1,389 -1,378 -587 private net transfers -284 1,679 -2,593 3,464 10,187 8,028 5,716 14,048 13,008 11,201 3. NLX~JOR ECONONIIC AGGREGATES Gross national product (GNP) 30,396 76,287 135,150 224,522 233,818 254,008 253,687 266,859 286,464 29 t,u49 Exports of goods & services (XGS) .. 11,202 16,654 17,806 19,120 23,006 29,518 33,016 36,430 37,051 of which workers remittances ..0 0 0 42 47 41 41 41 43 Imports of goods & services (MGS) .. 15,999 13,100 24,024 27,567 34,314 34,928 39,859 48,860 52,093 Intemnational reserves (RES) 682 9,297 6,222 11,447 15,499 16,003 15,979 19,719 22,425 24,856 Current account balance .. -4,774 4,552 -5,487 -8,003 -10,949 -4,938 -6,468 -12,035 -14,697 4. DEBT INDICATORS EDT /XGS (% . 242.4 376.7 387.2 341.7 329.3 336.6 339.0 359.1 388.8 EDT /GNP(% . 35.6 46.4 30.7 27.9 29.8 39.2 42.0 45.7 49.5 TDS / XGS (% . 37.3 37.1 27.6 30.9 25.5 30.4 39.5 50.3 58.2 INT /XGS(% . 20.8 16.5 16.1 17.4 17.1 18.3 18.9 20.2 24.2 INT /GNP(% . 3.1 2.0 1.3 1.4 1.6 2.1 2.3 2.6 3.1 RES /EDT(% . 34.2 9.9 16.6 23.7 21.1 16.1 17.6 17.1 17.3 RES / MGS (months) .. 7.0 5.7 5.7 6.8 5.6 5.5 5.9 5.5 5.7 Short-term/ EDT (%) .. 38.2 16.7 23.5 13.3 9.5 21.5 21.0 24.5 21.5 Concessional /EDT(% . 1.3 0.8 1.6 2.9 3.0 2.8 2.2 1.7 1.5 Multilateral /EDT (%) .. 4.0 8.8 8.2 11.8 11.1 10.0 9.2 8.2 8.8 75 ARGENTINA (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 S. LONG-TERM DEBT DEBT OUTSTANDING (LDOD) 5,169 16,768 49,203 50,447 53,153 64,378 71,878 82,144 92,972 107,652 Public and publicly guaranteed 1,878 10,175 47,403 48,203 46,783 51,255 55,811 63,076 67,562 76,799 Official creditors 635 1,897 11,723 13,758 17,440 19,451 21,524 20,327 18,783 20,082 Multilateral 279 1,081 5,504 5,628 7,719 8,369 9,935 10,300 10,685 12,682 Concessional 1 36 30 27 12 10 9 7 5 3 Bilateral 356 816 6,219 8,130 9,721 11,082 11,590 10,028 8,098 7,400 Concessional 166 329 498 1,105 1,882 2,251 2,737 2,487 2,270 2,207 Private creditors 1,243 8,278 35,679 34,445 29,343 31,804 34,287 42,748 48,778 56,716 Bonds 386 832 11,514 11,620 28,117 30,430 32,670 41,435 47,563 55,696 Commercial banks 121 6,065 22,661 21,618 804 916 1,207 1,050 1,045 918 Other private 735 1,381 1,504 1,207 422 459 410 264 171 102 Private nonguaranteed 3,291 6,593 1,800 2,244 6,369 13,123 16,066 19,068 25,411 30,853 Bonds 0 0 21 1,671 5,225 7,366 7,582 8,760 10,311 11,873 Comimercial banks 3,291 6,593 1,779 573 1,144 5,757 8,484 10,308 15,100 18,980 Memo: IBRD 181 404 2,609 2,505 3,739 4,109 4,913 5,372 5,495 7,188 IDA 0 0 0 0 0 0 0 0 0 0 DISBURSEMENTS 907 4,705 1,255 2,458 9,272 8,709 8,968 17,874 19,095 25,261 Public and publicly guaranteed 482 2,836 1,234 1,058 5,667 4,370 6,618 13,004 11,866 14,257 Official creditors 162 273 1,015 754 3,315 1,469 2,803 1,658 1,899 2,478 Multilateral 63 205 842 352 2,540 787 1,936 1,564 1,671 2,459 Concessional 0 6 0 0 0 0 0 0 0 0 Bilateral 98 69 174 402 775 683 867 94 228 19 Concessional 46 13 149 2 575 238 630 34 97 1 1 Private creditors 321 2,563 219 304 2,351 2,901 3,815 11,346 9,967 11,779 Bonds 119 136 0 250 2,211 2,713 3,630 11,204 9,927 11,768 Commercial banks 53 2,173 183 33 9 1 110 119 142 40 1 1 Otier private 149 253 36 2 1 49 77 66 0 0 0 Private nonguaranteed 424 1,869 21 1,400 3,605 4,339 2,350 4,870 7,229 11,004 Bonds 0 0 21 1,400 3,605 2,430 834 2,490 3,084 3,976 Commercial banks 424 1,869 0 0 0 1,910 1,516 2,380 4,145 7,029 Memo: IBRD 32 71 405 171 1,507 548 941 1,077 797 2,029 IDA 0 0 0 0 0 0 0 0 0 0 PRINCIPAL REPAYMENTS 771 1,848 2,738 1,156 2,202 1,523 3,090 6,398 10,459 11,940 Public and publicly guaranteed 343 1,141 2,738 921 2,152 1,033 1,825 3,306 6,992 6,345 Official creditors 109 214 446 664 643 767 1,399 1,700 2,013 1,855 Multilateral 16 117 397 594 563 694 545 613 617 719 Concessional 0 4 2 2 2 2 2 2 2 2 Bilateral 94 97 49 7 1 79 74 854 1,088 1,396 1,136 Concessional I11 34 0 0 13 20 58 103 144 205 Private creditors 234 928 2,293 256 1,510 266 427 1,606 4,979 4,490 Bonds 20 178 878 219 1,409 136 128 1,275 4,738 4,244 Commercial banks 69 481 1,343 14 49 63 173 208 153 175 Other private 145 268 72 24 52 67 125 122 88 70 Private nonguaranteed 428 707 0 235 50 490 1,265 3,092 3,468 5,595 Bonds 0 0 0 15 50 290 631 1,311 1,468 2,462 Commiercial banks 428 707 0 220 0 200 634 1,781 2,000 3,133 Memo: IBRD 5 34 233 383 334 425 259 282 299 350 IDA 0 0 0 0 0 0 0 0 0 0 NET FLOWS ON DEBT 135 2,857 -1,483 1,302 7,069 7,186 5,878 11,476 8,635 13,322 Public and publicly guaranteed 139 1,695 -1,504 137 3,514 3,337 4,793 9,698 4,875 7,912 Official creditors 52 59 570 90 2,673 702 1,404 -42 -114 623 Multilateral 48 88 445 -242 1,976 93 1,391 951 1,054 1,740 Concessional 0 3 -2 -2 -2 -2 -2 -2 -2 -2 Bilateral 5 -29 125 332 696 609 13 -994 -1,167 -1,117 Concessional 35 -20 149 2 562 219 572 -69 -48 -194 Private creditors 87 1,635 -2,074 47 842 2,635 3,388 9,740 4,989 7,289 Bonds 99 -42 -878 3 1 803 2,577 3,502 9,930 5,190 7,523 Conunercial banks -16 1,692 -1,160 19 42 48 -54 -67 -113 -164 Other private 4 -16 -36 -3 -3 10 -60 -122 -88 -70 Private nonguaranteed -4 1,162 21 1,165 3,555 3,849 1,085 1,778 3,761 5,410 Bonds 0 0 21 1,385 3,555 2,140 203 1,179 1,616 1,514 Cornmercial banks -4 1,162 0 -220 0 1,710 882 599 2,145 3,896 Memo: IBRD 27 37 172 -211 1,173 123 682 795 498 1,678 IDA 0 0 0 0 0 0 0 0 0 0 76 ARGENTINA (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 INTEREST PAYMENTS (LINT) 338 1,338 2,241 2,434 2,543 3,223 4,404 4,721 5,763 7,139 Public and publicly guaranteed 121 842 2,097 2,308 2,326 2,662 3,519 3,779 4,532 5,469 Official creditors 33 147 488 754 988 1,250 1,458 1,374 1,292 1,240 Multilateral 17 98 407 489 519 653 675 677 730 761 Concessional 0 1 1 1 1 1 0 0 0 0 Bilateral 16 49 8 1 265 469 597 782 697 562 479 Concessional 4 15 0 0 43 73 114 114 103 100 Private creditors 88 695 1,609 1,554 1,338 1,412 2,062 2,405 3,241 4,229 Bonds 23 80 973 812 1,282 1,346 1,960 2,290 3,155 4,129 Commercial banks 9 504 623 736 28 42 72 93 7 1 90 Other private 56 ill 14 6 28 25 30 23 15 1 0 Private nonguaranteed 217 496 144 126 217 560 885 942 1,230 1,669 Bonds 0 0 0 38 172 469 641 691 806 907 Commercial banks 217 496 144 89 46 92 244 251 424 763 Memo: IBRD I11 37 182 228 233 284 306 326 335 375 IDA 0 0 0 0 0 0 0 0 0 0 NET TRANSFERS ON DEBT -203 1,519 -3,724 -1,132 4,526 3,964 1,473 6,755 2,873 6,183 Public and publicly guaranteed 19 853 -3,601 -2,171 1,189 674 1,273 5,919 342 2,443 Official creditors 19 -87 81 -665 1,685 -548 -54 -1,416 -1,406 -617 Multilateral 30 -10 38 -731 1,458 -560 715 274 323 978 Concessional 0 1 -2 -3 -2 -2 -2 -2 -2 -2 Bilateral -11 -77 44 66 228 12 -769 -1,690 -1,729 -1,596 Concessional 31 -35 149 2 519 145 458 -183 -150 -294 Private creditors 0 940 -3,683 -1,506 -497 1,223 1,327 7,335 1,748 3,060 Bonds 77 -122 -1,851 -781 -479 1,231 1,542 7,640 2,035 3,395 Commercial banks -25 1,189 -1,782 -718 14 6 -126 -160 -184 -254 Other private -52 -127 -50 -8 -31 -14 -89 -145 -102 -80 Private nonguaranteed -221 666 -123 1,039 3,338 3,289 200 835 2,531 3,740 Bonds 0 0 21 1,347 3,384 1,671 -438 487 810 607 Commercial banks -221 666 -144 -309 -46 1,618 638 348 1,721 3,134 Memo: IIBRD 16 0 -10 -439 940 -161 376 469 162 1,304 IDA 0 0 0 0 0 0 0 0 0 0 DEBT SERVICE (LTDS) 1,109 3,186 4,980 3,590 4,745 4,746 7,494 11,119 16,222 19,078 Public and publicly guaranteed 464 1,983 4,836 3,229 4,478 3,696 5,344 7,085 11,524 11,814 Official creditors 143 361 934 1,419 1,630 2,017 2,856 3,074 3,305 3,096 Multilateral 33 215 804 1,083 1,082 1,347 1,220 1,289 1,347 1,481 Concessional 0 5 2 3 2 2 2 2 2 2 Bilateral 109 146 130 336 548 671 1,636 1,785 1,957 1,615 Concessional 15 48 0 0 56 93 171 216 247 305 Private creditors 321 1,623 3,902 1,810 2,848 1,678 2,488 4,011 8,219 8,719 Bonds .42 258 1,851 1,031 2,691 1,482 2,088 3,564 7,893 8,373 Commercial banks 78 985 1,966 751 77 105 245 301 224 265 Other private 201 380 86 29 80 92 155 145 102 80 Private nonguaranteed 646 1,203 144 361 267 1,050 2,150 4,035 4,698 7,264 Bonds 0 0 0 53 222 759 1,272 2,003 2,274 3,369 Commercial banks 646 1,203 144 309 46 292 878 2,032 2,424 3,895 Memo: ILBRD 16 7 1 414 611 567 709 565 608 635 725 IDA 0 0 0 0 0 0 0 0 0 0 UNDISBURSED DEBT 576 2,272 2,427 3,888 3,885 4,823 6,680 6,029 6,428 8,396 Official creditors 324 1,218 2,009 3,489 3,456 4,244 6,186 5,679 6,016 8,277 Private creditors 252 1,054 419 399 428 579 494 350 412 119 Memorandum items Concessional LDOD 167 365 529 1,132 1,894 2,261 2,745 2,493 2,274 2,210 Variable rate LDOD 3,291 12,417 28,307 27,813 25,781 33,570 36,763 39,502 47,743 56,274 Public sector LDOD 1,780 7,979 45,252 46,161 46,771 51,246 55,792 63,052 67,496 76,755 Private sector LDOD 3,390 8,795 3,969 4,304 6,393 13,139 16,088 19,111 25,492 30,917 6. CURRENCY CONWPOS[T ION OF LONG-TERNI DEBT (PERCENT) Deutsche mark 15.8 9.5 10.3 8.9 8.0 9.3 11.3 14.8 13.2 14.0 French franc 1.8 1.2 1.5 1.3 1.0 1.0 1.3 1.0 0.7 0.6 Japanese yen 0.2 5.8 6.6 6.5 4.5 6.4 9.3 8.4 6.8 6.2 Pound sterling 2.9 1.6 1.1 0.8 0.2 0.2 0.2 0.4 0.8 0.7 Swiss franc 1.9 3.4 2.1 1.8 1.1 1.2 1.6 1.3 0.9 0.7 U.S.dullars 47.7 64.6 53.9 55.2 67.8 64.2 58.7 57.0 61.3 63.2 Multiple currency 17.7 10.3 20.4 22.1 14.6 14.1 14.0 12.6 11.1 4.6 Special drawing rights 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 All other currencies 12.0 3.6 4.1 3.4 2.8 3.6 3.6 4.5 5.2 10.0 77 ARGENTINA (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 7. DEB r RESTRL'CTURINCGS Total amount rescheduled 932 631 26,503 847 248 0 0 0 Debt stock rescheduled 0 0 18,036 0 0 0 0 0 Principal rescheduled 512 523 973 844 198 0 0 0 Official 381 456 963 834 158 0 0 0 Private 131 67 10 10 40 0 0 0 Interest rescheduled 420 107 7,495 3 50 0 0 0 Official ..382 88 88 3 22 0 0 0 Private 38 19 7,407 0 29 0 0 0 Debt forgiven 0 0 0 0 0 0 0 0 Memo: interest forgiven 0 0 0 0 0 0 0 0 Debt stock reduction 7,202 661 3,265 399 863 0 2,700 2,729 of whiich debt buyback .. 1,232 0 0 0 0 0 2,085 2,100 S. DEBT STOCK-FLOV%v RECONCILLLATION Total change in debt stocks ..-2,887 2,908 -3,612 10,435 23,603 12,571 18,894 13,222 Net flows on debt 774 6,329 -1,743 3,406 10,484 6,166 21,943 13,984 17,089 11,633 Net change in interest arrears ... 1,920 452 -9,076 0 -1 0 0 0 Interest capitalized ... 420 107 7,495 3 50 0 0 0 Debt forgiveness or reduction ... -5,970 -661 -3,265 -399 -863 0 -615 -629 Cross-cur-rency valuation ... 1,617 -735 -150 1,427 752 -1,893 -2,615 2,362 Residual ... 869 339 -9,100 3,238 1,721 480 5,035 -144 9. A%- ERAGE TERAMS OF NEW CONIAITM[IENTS ALL CREDITORS Interest (%) 7.3 13.7 6.6 8.3 7.1 7.2 6.9 8.4 8.2 8.9 Maturity (years) 11.9 8.6 17.4 16.5 11.7 9.7 11.1 8.3 14.4 13.0 Grace period (years) 2.9 4.5 4.0 5.7 6.0 4.0 4.7 7.2 12.1 10.9 Grant element (%) 12.6 -17.5 18.5 9.6 15.2 12.7 14.1 3.9 8.2 6.0 Official creditors Interest (%) 7.5 6.1 6.7 8.3 6.4 5.8 6.5 7.0 7.0 8.4 Maturity (years) 16.6 14.0 18.9 18.0 15.2 16.7 16.2 15.0 16.3 11.3 Grace period (years) 3.5 5.3 4.5 5.8 4.8 4.9 4.7 5.1 4.1 4.2 Grant element (%) 11.4 20.1 19.2 10.0 20.3 25.0 19.6 17.2 16.8 8.8 Private creditors Interest (%) 7.3 14.3 6.0 8.1 7.8 8.3 7.4 8.6 8.5 9.1 Maturity (years) 10.6 8.2 8.4 6.5 8.0 4.4 4.7 7.5 14.0 13.8 Grace period (years) 2.7 4.4 1.4 5.0 7.3 3.3 4.6 7.5 13.9 13.8 Grant element (%) 13.0 -20.5 14.1 7.2 9.6 3.3 7.2 2.3 6.1 4.8 Memorandum items Commitments 493 3,058 800 2,281 5,256 5,390 8,382 12,489 15,676 16,766 Official creditors 104 221 688 1,977 2,756 2,338 4,668 1,320 2,980 4,992 Private creditors 389 2,837 113 304 2,500 3,053 3,714 11,169 12,696 11,775 10. CONTRACTUAL OBLIGATIONS ON OLUTSTANDING LONG-TERMI DEBT 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 TOTAL Disbursements 3,199 1,455 1,217 941 631 372 244 139 107 62 Principal 12,933 10,538 10,168 11,579 12,525 9,146 7,255 4,150 3,943 6,155 Interest 7,785 7,116 6,384 5,853 5,180 4,377 3,762 3,312 2,977 2,501 Official creditors Disbursements 3,122 1,426 1,205 941 631 372 244 139 107 62 Principal 2,780 2,514 2,137 3,279 3,196 1,978 1,945 1,889 1,848 1,571 Interest 1,495 1,522 1,429 1,314 1,100 902 786 666 545 426 Bilateral creditors Disbursements 397 225 122 59 22 9 5 0 0 0 Principal 1,718 1,437 937 748 603 602 577 521 487 299 Interest 450 357 275 221 182 147 112 79 48 21 Multilateral creditors Disbursements 2,725 1,200 1,083 882 609 363 240 139 107 62 Principal 1,062 1,077 1,201 2,531 2,592 1,376 1,368 1,368 1,362 1,272 Interest 1,045 1,165 1,154 1,093 918 754 674 587 497 405 Private creditors Disbursements 78 29 12 0 0 0 0 0 0 0 Principal 10,153 8,024 8,031 8,300 9,329 7,169 5,310 2,261 2,095 4,585 Interest 6,289 5,594 4,955 4,539 4,080 3,475 2,976 2,647 2,432 2,075 Comimercial banks Disbursements 78 29 12 0 0 0 0 0 0 0 Principal 226 205 116 108 72 69 66 62 62 16 Interest 68 56 45 36 28 23 1 8 1 3 8 4 Other private Disbursements 0 0 0 0 0 0 0 0 0 0 Principal 9,927 7,819 7,916 8,192 9,258 7,099 5,244 2,199 2,033 4,569 Interest 6,222 5,538 4,910 4,503 4,052 3,452 2,958 2,634 2,424 2,071 78 ARMENIA (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 199S 1996 1997 1998 1. SUNIMARY DEBr DAI'A TOTAL DEBT STOCKS (EDT) . .. . .. 133.9 214.3 370.7 549.9 665.5 799.7 Long-term debt (LDOD) . .. . .. 133.9 188.6 298.3 432.0 511.4 564.0 Public and publicly guaranteed ...... 133.9 188.6 298.3 432.0 511.4 564.0 Private nonguaranteed ...... 0.0 0.0 0.0 0.0 0.0 0.0 Use of IMF credit . . . . 0.0 24.6 70.2 116.5 132.1 190.4 Short-term debt . ... 0.0 1.1 2.1 1.4 22.0 45.2 of which interest arrears on LDOD ...... 0.0 1.1 1.1 0.0 0.0 0.0 Official creditors ...... 0.0 1.1 1.1 0.0 0.0 0.0 Private creditors ...... 0.0 0.0 0.0 0.0 0.0 0.0 Memo: principal arrears on LDOD ...... 0.0 31.2 75.4 64.0 53.2 56.2 Official creditors ...... 0.0 31.2 75.4 64.0 53.2 56.2 Private creditors ...... 0.0 0.0 0.0 0.0 0.0 0.0 Memo: export credits ...... 0.0 0.0 0.0 2.0 0.0 7.0 TOTAL DEBT FLOWS Disbursements . .... 87.3 84.7 148.5 196.1 131.7 112.9 Long-term debt ...... 87.3 60.5 102.4 147.1 108.5 61.6 IMF purchases ...... 0.0 24.2 46.1 49.0 23.2 51.3 Principal repayments . .... 0.6 0.0 2.8 38.5 10.4 22.5 Long-term debt ...... 0.6 0.0 2.8 38.5 10.4 21.9 IMF repurchases ...... 0.0 0.0 0.0 0.0 0.0 0.6 Net flows on debt . . . .. 79.6 84.7 146.6 158.0 141.9 113.6 of which short-term debt ...... -7.2 0.0 1.0 0.4 20.6 23.2 Interest payments (INT) . .... 1.4 4.4 8.5 11.5 17.3 19.5 Long-term debt ...... 1.4 4.4 6.7 8.3 13.4 14.3 IMF charges ...... 0.0 0.0 1.7 3.2 3.3 3.4 Short-term debt ...... 0.0 0.0 0.0 0.1 0.6 1.8 Net transfers on debt . .... 78.1 80.3 138.2 146.5 124.6 94.1 Total debt service paid (TDS) . .... 2.0 4.4 11.3 50.0 27.7 42.0 Long-term debt .... . 2.0 4.4 9.6 46.8 23.8 36.2 UIMP repurchases and charges . .... 0.0 0.0 1.7 3.2 3.3 4.0 Short-term debt (interest only) ....0.0 0.0 0.0 0.1 0.6 1.8 2. A,GGREGATE NET RESOURCE FLOWS AND NET TRANSFERS (LONG-TERNI i NET RESOURCE FLOWS . .. . .. 183.6 239.5 204.2 179.6 182.9 321.4 Net flow of long-term debt (ex. IMP ...... 86.8 60.5 99.5 108.6 98.1 39.7 Foreign direct investment (net) ...... 0.0 8.0 14.0 17.6 51.0 232.0 Portfolio equity flows ...... 0.0 0.0 0.0 0.0 0.0 0.0 Grants (excludinig technical coop.) ...... 96.8 171.0 90.7 53.4 33.8 49.7 Memo: technical coop. grants ...... 12.7 14.8 38.6 84.8 14.0 24.4 official net resource flows ...... 183.6 231.5 190.2 162.0 131.9 89.4 private net resource flows ...... 0.0 8.0 14.0 17.6 51.0 232.0 NET TRANSFERS . . . .. 182.2 235.1 197.5 170.3 167.5 304.1 Interest on long-term debt ...... 1.4 4.4 6.7 8.3 13.4 14.3 Profit remiittances on FDI ...... 0.0 0.0 0.0 1.0 2.0 3.0 Memo: official net transfers ... 182.2 227.1 183.5 153.7 118.5 75.1 private net transfers ... 0.0 8.0 14.0 16.6 49.0 229.0 3. MIAJOR ECONONIC AGGREGATES Gross national product (GNP) ...... 2,014.4 2,358.5 2,883.1 1,599.5 1,641.9 1,901.9 Exports of goods & services (XGS) ...... 173.5 229.0 366.5 457.3 477.9 473.6 of which workers remittances . ...... 12.4 11.1 8.7 10.1 Imports of goods & services (MGS) ...... 295.5 438.4 746.5 921.5 992.9 1,031.2 Intemational reser-ves (RES) ...... 13.6 36.1 111.2 168.2 239.2 327.7 Cuffent account balance ...... -66.8 -103.8 -224.1 -290.7 -306.5 -390.3 4. DEBT INDICATORS EDT /XGS (%) ...... 77.2 93.6 101.2 120.3 139.3 168.8 EDT /GNP(% ...... 6.7 9.1 12.9 34.4 40.5 42.1 TDS / XGS %)...... 1.2 1.9 3.1 10.9 5.8 8.9 INT /XGS (%) ...... 0.8 1.9 2.3 2.5 3.6 4.1 INT /GNP (%) ...... 0.1 0.2 0.3 0.7 1.1 1.0 RES /EDT(% ...... 10.2 16.9 30.0 30.6 36.0 41.0 RES /MGS (months) ...... 0.6 1.0 1.8 2.2 2.9 3.8 Short-term /EDT (%) ...... 0.0 0.5 0.6 0.3 3.3 5.7 Concessional / EDT (). .... 12.4 9.7 28.5 36.7 38.9 39.7 Multilateral /EDT (%) . .... 45.3 48.6 56.1 56.8 55.6 53.9 79 ARMENIA (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 S. LONG-rERM% DEBT DEBT OUTSTANDING (LDOD) . .. . .. 133.9 188.6 298.3 432.0 511.4 564.0 Public and publicly guaranteed .. . . 133.9 188.6 298.3 432.0 511.4 564.0 Official creditors ... . 133.9 188.6 298.3 432.0 511.4 564.0 Multilateral ...... 60.7 104.1 208.0 312.1 370.0 431.0 Concessional ...... 0.0 5.6 90.9 175.3 242.1 296.7 Bilateral ...... 73.2 84.6 90.3 119.9 141.4 133.0 Concessional ... . 16.6 15.1 14.9 26.4 16.6 21.1 Private creditors ...... 0.0 0.0 0.0 0.0 0.0 0.0 Bonds ...... 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks ... . 0.0 0.0 0.0 0.0 0.0 0.0 Other private ...... 0.0 0.0 0.0 0.0 0.0 0.0 Private nonguaranteed . ... 0.0 0.0 0.0 0.0 0.0 0.0 Bonds ...... 0.0 0.0 0.0 0.0 0.0 0.0 Comnmercial banks ...... 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD ...... 0.5 1.6 4.8 9.8 9.9 9.7 IDA ...... 0.0 5.6 90.9 174.0 240.3 292.8 DISBURSEMENTS . . . .. 87.3 60.5 102.4 147.1 108.5 61.6 Public and publicly guaranteed .. ... 87.3 60.5 102.4 147.1 108.5 61.6 Official creditors ...... 87.3 60.5 102.4 147.1 108.5 61.6 Multilateral ...... 63.4 37.3 102.4 123.0 81.7 57.1 Concessional ...... 0.0 5.5 88.5 88.3 77.1 44.7 Bilateral ...... 24.0 23.2 0.0 24.1 26.8 4.5 Concessional ...... 2.3 0.0 0.0 15.3 1.2 4.5 Private creditors ..,... 0.0 0.0 0.0 0.0 0.0 0.0 Bonds ...... 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks ...... 0.0 0.0 0.0 0.0 0.0 0.0 Other private ...... 0.0 0.0 0.0 0.0 0.0 0.0 Private nonguaranteed . ... 0.0 0.0 0.0 0.0 0.0 0.0 Bonds ....., 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks ...... 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD ...... 0.5 1.0 3.4 5.4 0.9 0.0 IDA ..... 0.0 5.5 88.5 87.0 76.5 42.9 PRINCIPAL REPAYMENTS . . . .. 0.6 0.0 2.8 38.5 10.4 21.9 Public and publicly guaranteed . .... 0.6 0.0 2.8 38.5 10.4 21.9 Official creditors ...... 0.6 0.0 2.8 38.5 10.4 21.9 Multilateral ...... 0.0 0.0 0.0 10.1 5.3 9.1 Concessional ...... 0.0 0.0 0.0 0.0 0.0 0.0 Bilateral ...... 0.6 0.0 2.8 28.4 5.1 12.8 Concessional ...... 0.0 0.0 0.0 3.7 0.1 0.1 Private creditors ...... 0.0 0.0 0.0 0.0 0.0 0.0 Bonds ...... 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks ...... 0.0 0.0 0.0 0.0 0.0 0.0 Other private ....., 0.0 0.0 0.0 0.0 0.0 0.0 Private nonguaranteed . .... 0.0 0.0 0.0 0.0 0.0 0.0 Bonds ...... 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks ...... 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD ...... 0.0 0.0 0.0 0.0 0.0 0.2 IDA ...... 0.0 0.0 0.0 0.0 0.0 0.0 NET FLOWS ON DEBT . . . .. 86.8 60.5 99.5 108.6 98.1 39.7 Public and publicly guaranteed . .... 86.8 60.5 99.5 108.6 98.1 39.7 Official creditors ...... 86.8 60.5 99.5 108.6 98.1 39.7 Multilateral ...... 63.4 37.3 102.4 112.9 76.4 48.0 Concessional ...... 0.0 5.5 88.5 88.3 77.1 44.7 Bilateral ...... 23.4 23.2 .2.8 -4.2 21.7 -8.3 Concessional ...... 2.3 0.0 0.0 11.7 1.1 4.4 Private creditors ...... 0.0 0.0 0.0 0.0 0.0 0.0 Bonds ...... 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks ...... 0.0 0.0 0.0 0.0 0.0 0.0 Other private ...... 0.0 0.0 0.0 0.0 0.0 0.0 Private nonguaranteed . .... 0.0 0.0 0.0 0.0 0.0 0.0 Bonds ...... 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks . .... 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD ...... 0.5 1.0 3.4 5.4 0.9 -0.2 IDA ...... 0.0 5.5 88.5 87.0 76.5 42.9 80 ARMENIA (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 INTEREST PAYMENTS (LINT) . .. . .. 1.4 4.4 6.7 8.3 13.4 14.3 Public and publicly guaranteed ...... 1.4 4.4 6.7 8.3 13.4 14.3 Official creditors ...... 1.4 4.4 6.7 8.3 13.4 14.3 Multilateral ...... 1.3 4.4 6.7 2.9 9.6 7.3 Concessional ...... 0.0 0.0 0.2 0.8 1.2 1.7 Bilateral ...... 0.0 0.0 0.1 5.4 3.8 7.0 Concessional ...... 0.0 0.0 0.1 0.3 0.4 0.5 Private creditors ...... 0.0 0.0 0.0 0.0 0.0 0.0 Bonds ...... 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks ...... 0.0 0.0 0.0 0.0 0.0 0.0 Other private ...... 0.0 0.0 0.0 0.0 0.0 0.0 Private nonguaranteed ...... 0.0 0.0 0.0 0.0 0.0 0.0 Bonds ...... 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks ...... 0.0 0.0 0.0 0.0 0.0 0.0 Memo: [BRD ...... 0.0 0.1 0.2 0.4 0.6 0.6 IDA ...... 0.0 0.0 0.2 0.8 1.2 1.7 NET TRANSFERS ON DEBT . .. . .. 85.4 56.1 92.8 100.3 84.7 25.5 Public and publicly guaranteed . .. . .. 85.4 56.1 92.8 100.3 84.7 25.5 Official creditors ...... 85.4 56.1 92.8 100.3 84.7 25.5 Multilateral ...... 62.0 32.9 95.7 110.0 66.8 40.7 Concessional ...... 0.0 5.5 88.3 87.5 75.9 43.0 Bilateral ...... 23.4 23.2 -2.9 -9.6 17.9 -15.3 Concessional ...... 2.3 0.0 -0. 1 11.4 0.7 4.0 Private creditors ...... 0.0 0.0 0.0 0.0 0.0 0.0 Bonds . .... 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks ...... 0.0 0.0 0.0 0.0 0.0 0.0 Other private ...... 0.0 0.0 0.0 0.0 0.0 0.0 Private nonguaranteed . .... 0.0 0.0 0.0 0.0 0.0 0.0 Bonds ...... 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks ...... 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD ...... 0.5 0.9 3.2 5.1 0.3 -0.8 IDA ...... 0.0 5.5 88.3 86.2 75.3 41.2 DEBT SERVICE (LTDS) . . . .. 2.0 4.4 9.6 46.8 23.8 36.2 Public and publicly guaranteed . . . .. 2.0 4.4 9.6 46.8 23.8 36.2 Official creditors ...... 2.0 4.4 9.6 46.8 23.8 36.2 Multilateral ...... 1.3 4.4 6.7 13.0 14.9 16.4 Concessional .... . 0.0 0.0 0.2 0.8 1.2 1.7 Bilateral ...... 0.6 0.0 2.9 33.8 8.9 19.8 Concessional ...... 0.0 0.0 0.1 4.0 0.5 0.6 Private creditors ...... 0.0 0.0 0.0 0.0 0.0 0.0 Bonds ...... 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks ...... 0.0 0.0 0.0 0.0 0.0 0.0 Other private ...... 0.0 0.0 0.0 0.0 0.0 0.0 Private nonguaranteed . .... 0.0 0.0 0.0 0.0 0.0 0.0 Bonds ...... 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks ...... 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD ...... 0.0 0.1 0.2 0.4 0.6 0.8 IDA ...... 0.0 0.0 0.2 0.8 1.2 1.7 UNDISBURSED DEBT . . . .. 80.9 171.2 188.9 116.7 133.0 199.9 Official creditors ...... 80.9 171.2 188.9 116.7 133.0 199.9 Private creditors ...... 0.0 0.0 0.0 0.0 0.0 0.0 Memorandum items Concessional LDOD ...... 16.6 20.7 105.9 201.8 258.7 317.7 Variable rate LDOD ...... 113.1 163.8 189.3 228.1 179.0 172.6 Public sector LDOD ...... 133.9 188.6 298.3 432.0 511.4 564.0 Private sector LDOD ...... 0.0 0.0 0.0 0.0 0.0 0.0 6. CURRENCY CONMPOSITION OF LONG-TERM DEBT (PERCENT) Deutsche mark ...... 0.0 0.0 0.0 0.0 0.0 0.0 French franc ...... 0.0 0.0 0.0 0.3 0.5 0.6 Japanese yen . .... 0.0 0.0 0.0 0.0 0.0 0.0 Pound sterling ...... 0.0 0.0 0.0 0.0 0.0 0.0 Swiss franc . .... 0.0 0.0 0.0 0.0 0.0 0.0 U.S.dollars ...... 31.9 42.0 62.6 77.4 86.8 87.0 Multiple currency ...... 0.4 0.8 1.6 2.3 1.9 1.7 Special drawing rights ...... 0.0 0.0 0.0 0.3 0.4 0.7 All other currencies .... 67.7 57.2 35.8 19.7 10.4 10.0 81 ARMENIA (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 7. DEBT RESTRLiCTITRINGS Total amount rescheduled .... .. 45.1 0.0 0.0 34.0 73.7 0.0 Debt stock rescheduled .... .. 0.0 0.0 0.0 0.0 73.7 0.0 Principal rescheduled .... .. 30.8 0.0 0.0 0.0 0.0 0.0 Official .... .. 0.0 0.0 0.0 0.0 0.0 0.0 Private ...... 30.8 0.0 0.0 0.0 0.0 0.0 Interest rescheduled ... ... 0,0 0.0 0.0 0.0 0.0 0.0 Official .... .. 0.0 0.0 0.0 0.0 0.0 0.0 Private . .. .. 0.0 0.0 0.0 0.0 0.0 0.0 Debt forgiven .... .. 0.0 0.0 0.0 0.0 0.0 0.0 Memo: interest forgiven .... .. 0.0 0.0 0.0 0.0 0.0 0.0 Debt stock reduction .... .. 0.0 0.0 0.0 0.0 0.0 0.0 of which debt buyback .... .. 0.0 0.0 0.0 0.0 0.0 0.0 8. DEBT STOCK-FLOW RECONCILIA lION Total change in debt stocks ... 93.0 80.4 156.3 179.2 115.6 134.2 Net flows on debt . .. 79.6 84.7 146.6 158.0 141.9 113.6 Net change in interest arrears .... .. 0.0 1.1 0.1 -1.1 0. 0.0 Interest capitalized .... .. 0.0 0.0 0.0 0.0 0.0 0.0 Debt forgiveness or reduction .... .. 0.0 0.0 0.0 0.0 0.0 0.0 Cross-currency valuation .... .. -26.9 -17.2 -1.8 -9.1 -7.6 4.1 Residual .... .. 40.4 11.8 11.4 31.4 -18.8 16.5 9. AVERAGE TERMS OF NEW~ COMMIT.I ENT'S ALL CREDITORS Interest (%) ...... 4.4 3.2 1.4 1.8 1.8 0.7 Maturity (years) .... .. 10.9 20.7 32.6 33.7 28.8 34.6 Grace period (years) .... .. 3.4 6.0 9.2 9.1 8.3 10.1 Grant elemnent (%) . ... 23.8 46.7 71.7 68.6 64.8 78.6 Ofricial creditors Interest (%) ...... 4.4 3.2 1.4 1.8 1.8 0.7 Maturity (years) .... . 10.9 20.7 32.6 33.7 28.8 34.6 Grace period (yeairs) . ... .. 3.4 6.0 9.2 9.1 8.3 10.1 Grant element (%) .... .. 23.8 46.7 71.7 68.6 64.8 78.6 Private creditors Interest (%) .... .. 0.0 0.0 0.0 0.0 0.0 0.0 Maturity (years) .... .. 0.0 0.0 0.0 0.0 0.0 0.0 Grace period (years) .... .. 0.0 0.0 0.0 0.0 0.0 0.0 Grant element (%) .... .. 0.0 0.0 0.0 0.0 0.0 0.0 Memorandutm items Comnmitments . ... 124.0 172.8 131.1 78.8 132.3 124.5 Official creditors .... .. 124.0 172.8 131.1 78.8 132.3 124.5 Private creditors .... .. 0.0 0.0 0.0 0.0 0.0 0.0 10. CONTRACTUAL OBIAGA rIONS ON OUTSTANDING LONG-TERMI DEBT 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 TOTAL Disbursements 62.2 54.8 39.0 24.8 13.6 3.5 1.9 0.0 0.0 0.0 Principal 22.4 30.0 32.5 20.3 20.9 21.6 23.8 27.4 21.7 13.3 Interest 14.2 13.7 12.5 11.2 10.2 9.1 8.0 6.8 5.5 4.9 Official creditors Disbursements 62.2 54.8 39.0 24.8 13.6 3.5 1.9 0.0 0.0 0.0 Principal 22.4 30.0 32.5 20.3 20.9 21.6 23.8 27.4 21.7 13.3 Interest 14.2 13.7 12.5 11.2 10.2 9.1 8.0 6.8 5.5 4.9 Bilateral creditors Disbursements 5.4 3.6 2.2 1.3 0.6 0.1 0.1 0.0 0.0 0.0 Principal 12.8 20.4 22.9 10.7 11.4 11.4 11.4 11.5 6.4 1.3 Interest 6.4 5.9 4.9 4.0 3.5 3.0 2.5 1.9 1.3 1.1 Multilateral creditors Disbursements 56.8 51.3 36.8 23.5 13.0 3.4 1.8 0.0 0.0 0.0 Principal 9.6 9.6 9.6 9.6 9.6 10.3 12.5 15.9 15.3 12.0 Interest 7.8 7.8 7.6 7.2 6.7 6.1 5.5 4.9 4.2 3.7 Private creditors Disbursements 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Interest 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commnercial banks Disbursements 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Interest 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Other private Disbursements 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Interest 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 82 AZERBAIJAN (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 I. SUMNIMAR s DEBT DAYA TOTAL DEBT STOCKS (EDT) . . . .. 35.5 112.8 321.0 438.3 506.7 693.4 Long-term debt (LDOD) . .. . . 35.5 103.2 206.1 247.9 235.9 370.7 Public and publicly guaranteed ...... 35.5 103.2 206.1 247.9 235.9 307.7 Private nonguaranteed ...... 0.0 0.0 0.0 0.0 0.0 63.0 Use of IMF credit ...... 0.0 0.0 100.9 175.0 266.8 321.2 Short-term debt ...... 0.0 9.6 14.0 15.5 4.0 1.5 of which interest arrears on LDOD . .. 0.0 3.6 6.0 2.5 0.0 0.0 Official creditors . .. 0.0 3.6 6,0 2.5 0.0 0.0 Private creditors . .. 0.0 0.0 0.0 0.0 0.0 0.0 Memo: principal arrears on LDOD ...... 0.0 20.3 35.5 35.5 0.0 24.8 Official creditors ...... 0.0 20.3 35.5 35.5 0.0 24.11 Private creditors ...... 0.0 0.0 0.0 0.0 0.0 0.0 Memo: export credits ...... 0.0 0.0 0.0 0.0 18.0 73.0 TOTAL DEBT FLOWS Disbursements . .... 0.0 67.4 205.0 124.7 196.0 170.1 Long-termn debt ...... 0.0 67.4 102.1 46.6 91.3 128.9 IM purchases ...... 0.0 0.0 103.0 78.1 104.7 41.3 Principal repayments . ... 0.0 0.0 0.0 0.0 57.6 2.7 Long-termn debt ...... 0.0 0.0 0.0 0.0 57.6 2.7 IMFrepurchases ...... 0.0 0.0 0.0 0.0 0.0 0.0 Net flows on debt . .... 0.0 73.4 207.0 129.7 129.4 164.9 of which short-termndebt ...... 0.0 6.0 2.0 5.0 -9.0 -2.5 Interest payments (INT) . .... 0.0 0.3 10.1 9.8 20.3 21.2 Long-term debt ...... 0.0 0.0 8.7 4.3 11.6 11.2 1MF charges ... .. 0.0 0.0 1.1 4.9 8.1 9.8 Short-term debt ...... 0.0 0.3 0.3 0.6 0.5 0.1 Net transfers on debt . .... 0.0 73.1 196.9 119.8 109.1 143.8 Total debt service paid (TDS) . .... 0.0 0.3 10.1 9.8 77.9 23.8 Long-term debt ...... 0.0 0.0 8.7 4.3 69.3 13.9 IMF repurchases and charges ...... 0.0 0.0 1.1 4.9 8.1 9.8 Short-term debt (interest only) ...... 0.0 0.3 0.3 0.6 0.5 0.1 2. XGC;REGATE NET RESOURCE FLO%%S AND NET rTRANSFERS il-ONG-TERAI) NET RESOURCE FLOWS . . . .. 12.6 233.5 490.2 716.1 1,177.5 1,178.2 Net flow of long-term debt (ex. IMF . .... 0.0 67.4 102.1 46.6 33.7 126.2 Foreign direct investment (net) ...... 0.0 22.0 330.0 627.0 1,115.0 1,023.0 Portfolio equity flows ...... 0.0 0.0 0.0 0.0 0.0 0.0 Grants (excluding technical coop.) ...... 12.6 144.1 58.1 42.5 28.7 29.0 Memo: technical coop. grants ...... 9.3 3.3 20.8 17.9 15.3 25.4 official net resource flows ...... 12.6 211.5 160.2 89.1 54.4 97.4 private net resource flows ...... 0.0 22.0 330.0 627.0 1,123.1 1,080.8 NET TRANSFERS . . . .. 12.6 233.5 481.5 711.8 1,165.9 1,167.0 Interest on long-term debt ...... 0.0 0.0 8.7 4.3 11.6 11.2 Profit remittances on FDI ...... 0.0 0.0 0.0 0.0 0.0 0.0 Memo: official net transfers ... 12.6 211.5 151.5 84.8 42.8 89.6 private net transfers . . 0.0 22.0 330.0 627.0 1,123.1 1,077.4 3. MAJOR ECONOMIC ACCREGATES Gross national product (GNP) ...... 4,640.0 3,287.8 2,887.1 3,164.4 3,750.9 3,912.9 Exports of goods & services (XGS) ...... 697.0 822.0 794.0 805.7 1,172.9 1,047.8 of which workers remittances ... .. . 0,0 0.0 0.0 0.0 0.0 Imnports of good.s &services (MGS) . ... 887.0 1,018.1 1,305.4 1,803.3 2,133.4 2,476.3 International reserves (RES) ...... 0.6 2.0 120.9 211.3 466.1 447.3 Current account balance ...... -160.0 -121.0 400.7 -931.2 -915.7 -1,364.5 4. DEBT INDIC.ATORS EDT / XGS ()...... 5.1 13.7 40.4 54.4 43.2 66.2 EDT /GNP(% ...... 0.8 3.4 11.1 13.9 1 3.5 17.7 TDS /XGS(% .... . 0.0 0.0 1.3 1.2 6.6 2.3 INT /XGS ()...... 0.0 0.0 1.3 1.2 1.7 2.0 INT /GNP(% ...... 0.0 0.0 0.4 0.3 0.5 0.5 RES /EDT(% ...... 1.7 1.8 37.7 48.2 92.0 64.5 RES / MGS (months) ...... 0.0 0.0 1.1 1.4 2.6 2.2 Short-term /EDT (%) ...... 0.0 8.5 4.4 3.5 0.8 0.2 Concessionalif EDT ()...... 0.0 52.6 31.8 31.7 37.8 33.6 Multilateral /EDT (%) ...... 0.0 7.5 30.8 31.4 30.0 28.8 83 AZERBAIJAN (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 5. LONG-TERNI DEBT DEBT OUTSTANDING (LDOD) . .. . .. 35.5 103.2 206.1 247.9 235.9 370.7 Public and publicly guaranteed .. . . 35.5 103.2 206.1 247.9 235.9 307.7 Official creditors .. 35.5 103.2 206.1 247.9 227.8 302.3 Multilateral ...... 0.0 8.4 98.8 137.5 151.9 199.4 Concessional ...... 0.0 0.0 30.2 64.3 115.5 144.9 Bilateral ...... 35.5 94.8 107.3 110.3 75.9 102.8 Concessional ...... 0.0 59.3 71.8 74.8 75.9 88.3 Private creditors ...... 0.0 0.0 0.0 0.0 8.1 5.4 Bonds ...... 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks ...... 0.0 0.0 0.0 0.0 0.0 0.0 Other private ...... 0.0 0.0 0.0 0.0 8.1 5.4 Private nonguaranteed . .... 0.0 0.0 0.0 0.0 0.0 63.0 Bonds ...... 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks ...... 0.0 0.0 0.0 0.0 0.0 63.0 Memo: IBRD ...... 0.0 0.0 0.0 0.0 0.0 0.0 IDA ...... 0.0 0.0 30.2 64.3 115.5 141.3 DISBURSEMENTS . . . . 0.0 67.4 102.1 46.6 91.3 128.9 Public and publicly guaranteed . . .. 0.0 67.4 102.1 46.6 91.3 68.4 Official creditors ...... 0.0 67.4 102.1 46.6 83.3 68.4 Multilateral ...... 0.0 8.2 89.5 43.5 82.1 42.3 Concessional ...... 0.0 0.0 30.2 35.8 55.4 24.1 Bilateral ...... 0.0 59.3 12.5 3.0 1.2 26.1 Concessional ...... 0.0 59.3 12.5 3.0 1.2 11.6 Private creditors ...... 0.0 0.0 0.0 0.0 8.1 0.0 Bonds ...... 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks . .... 0.0 0.0 0.0 0.0 0.0 0.0 Other private ...... 0.0 0.0 0.0 0.0 8.1 0.0 Private nonguaranteed . . . . 0.0 0.0 0.0 0.0 0.0 60.5 Bonds ...... 0.0 0.0 0.0 0.0 0.0 0.0 Comimercial banks ...... 0.0 0.0 0.0 0.0 0.0 60.5 Memo: IBRD ...... 0.0 0.0 0.0 0.0 0.0 0.0 IDA ...... 0.0 0.0 30.2 35.8 55.4 20.6 PRINCIPAL REPAYMENTS . . . .. 0.0 0.0 0.0 0.0 57.6 2.7 Public and publicly guaranteed . . .. 0.0 0.0 0.0 0.0 57.6 2.7 Official creditors 0.. .. .0 0.0 0.0 0.0 57.6 0.0 Multilateral ...... 0.0 0.0 0.0 0.0 57.6 0.0 Concessional ...... 0.0 0.0 0.0 0.0 0.0 0.0 Bilateral ...... 0.0 0.0 0.0 0.0 0.0 0.0 Concessional .... . 0.0 0.0 0.0 0.0 0.0 0.0 Private creditors ...... 0.0 0.0 0.0 0.0 0.0 2.7 Bonds ...... 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks ...... 0.0 0.0 0.0 0.0 0.0 0.0 Other private ...... 0.0 0.0 0.0 0.0 0.0 2.7 Private nonguaranteed . . .. 0.0 0.0 0.0 0.0 0.0 0.0 Bonds ...... 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks ...... 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD ...... 0.0 0.0 0.0 0.0 0.0 0.0 IDA ...... 0.0 0.0 0.0 0.0 0.0 0.0 NET FLOWS ON DEBT . . . .. 0.0 67.4 102.1 46.6 33.7 126.2 Public and publicly guaranteed . . . . 0.0 67.4 102.1 46.6 33.7 65.7 Official creditors ...... 0.0 67.4 102.1 46.6 25.7 68.4 Multilateral ...... 0.0 8.2 89.5 43.5 24.5 42.3 Concessional ...... 0.0 0.0 30.2 35.8 55.4 24.1 Bilateral ...... 0.0 59.3 12.5 3.0 1.2 26.1 Concessional ...... 0.0 59.3 12.5 3.0 1.2 11.6 Private creditors ..... 0.0 0.0 0.0 0.0 8.1 -2.7 Bonds ...... 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks ...... 0.0 0.0 0.0 0.0 0.0 0.0 Other private ...... 0.0 0.0 0.0 0.0 8.1 -2.7 Private nonguaranteed . .... 0.0 0.0 0.0 0.0 0.0 60.5 Bonds . .... 0.0 0.0 0.0 0.0 0.0 0.0 Comimercial banks ..... 0.0 0.0 0.0 0.0 0.0 60.5 Memo: IBRD ...... 0.0 0.0 0.0 0.0 0.0 0.0 IDA .... 0.0 0.0 30.2 35.8 55.4 20.6 84 AZERBAIJAN (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 INTEREST PAYMIENTS (LINT) . .. . .. 0.0 0.0 8.7 4.3 11.6 11.2 Public and publicly guaranteed . .. . .. 0.0 0.0 8.7 4.3 11.6 8.8 Officilaicreditors ...... 0.0 0.0 8.7 4.3 11.6 7.8 Multilateral .. ... 0.0 0.0 1.9 0.3 2.0 1.5 Concessional .. 0.0 0.0 0.0 0.3 0.5 0.9 Bilateral ...... 0.0 0.0 6.8 4.0 9.7 6.3 Concessional ...... 0.0 0.0 6.8 4.0 9.7 6.2 Private creditors ...... 00 0.0 0.0 0.0 0.0 1.0 Bonds ... .0.0 0.0 0.0 0.0 0.0 0.0 Commuercial banks ...... 0.0 0.0 0.0 0.0 0.0 0.0 Other private ...... 0.0 0.0 0.0 0.0 0.0 1.0 Private nonguaranteed . . . .. 0.0 0.0 0.0 0.0 0.0 2.4 Bonds ...... 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks ...... 0.0 0.0 0.0 0.0 0.0 2.4 Memo: IBRD ...... 0.0 0.0 0.0 0.0 0.0 0.0 IDA ...... 0.0 0.0 0.0 0.3 0.5 0.9 NET TRANSFERS ON DEBT . . . .. 0.0 67.4 93.4 42.2 22.1 115.0 Public and publicly guaranteed . . . .. 0.0 67.4 93.4 42.2 22.1 56.9 Official creditors ...... 0.0 67.4 93.4 42.2 14.0 60.6 Multilateral ...... 0.0 8.2 87.6 43.2 22.5 40.8 Concessional ...... 0.0 0.0 30.2 35.5 54.9 23.2 Bilateral ...... 0.0 59.3 5.7 -1.0 -8.5 19.8 Concessional ...... 0.0 59.3 5.7 -1.0 -8.5 5.4 Private creditors ...... 0.0 0.0 0.0 0.0 8.1 -3.7 Bonds ...... 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks ...... 0.0 0.0 0.0 0.0 0.0 0.0 Other private ...... 0.0 0.0 0.0 0.0 8.1 -3.7 Private nonguaranteed . . . .. 0.0 0.0 0.0 0.0 0.0 58.1 Bonds ...... 0.0 0.0 0.0 0.0 0.0 0.0 Commnercial banks ...... 0.0 0.0 0.0 0.0 0.0 58.1 Memio: IBRD ...... 0.0 0.0 0.0 0.0 0.0 0.0 IDA ...... 0.0 0.0 30.2 35.5 54.9 19.7 DEBT SERVICE (LTDS) . . . .. 0.0 0.0 8.7 4.3 69.3 13.9 Public and publicly guaranteed . . . .. 0.0 0.0 8.7 4.3 69.3 11.5 Official creditors ...... 0.0 0.0 8.7 4.3 69.3 7.8 Multilateral ...... 0.0 0.0 1.9 0.3 59.6 1.5 Concessional ...... 0.0 0.0 0.0 0.3 0.5 0.9 Bilateral ...... 0.0 0.0 6.8 4.0 9.7 6.3 Concessional ...... 0.0 0.0 6.8 4.0 9.7 6.2 Private creditors ...... 0.0 0.0 0.0 0.0 0.0 3.7 Bonds ...... 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks ...... 0.0 0.0 0.0 0.0 0.0 0.0 Other private ...... 0.0 0.0 0.0 0.0 0.0 3.7 Private nonguaranteed . . . .. 0.0 0.0 0.0 0.0 0.0 2.4 Bonds ...... 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks ...... 0.0 0.0 0.0 0.0 0.0 2.4 Memo: IBRD ...... 0.0 0.0 0.0 0.0 0.0 0.0 IDA ...... 0.0 0.0 0.0 0.3 0.5 0.9 UNDISBURSED DEBT . . . .. 250.0 329.4 413.3 226.8 295.2 578.1 Official creditors ...... 250.0 329.4 413.3 226.8 279.1 477.0 Private creditors 0.0 0.0 0.0 0.0 16.1 101.0 Memorandum items Concessional LDOD ...... 0.0 59.3 102.0 139.1 191.5 233.2 Variable rate LDOD ...... 35.5 103.2 175.9 183.6 119.2 212.3 Public sector LDOD ...... 35.5 103.2 206.1 247.9 235.9 313.1 Private sector LDOD ...... 0.0 0.0 0.0 0.0 0.0 63.0 6. CURRENCY CONIPOSITION OF LONG,.TERM DEBT iPERCENT) Deutsche mark ...... 0.0 0.0 0.0 0.0 0.5 3.6 French franc ...... 0.0 0.0 0.0 0.0 0.0 0.0 Japanese yen ...... 0.0 0.0 0.0 0.0 0.0 2.5 Pound sterling .... . 0.0 0.0 0.0 0.0 0.0 0.0 Swiss franc ...... 0.0 0.0 0.0 0.0 0.0 0.0 U.S.dollars ...... 0.0 57.5 51.4 60.0 99.5 94.5 Multiple currency ...... 0.0 0.0 0.0 0.0 0.0 0.0 Special drawing rights ...... 0.0 0.0 0.0 0.0 0.0 0.0 All other currencies ...... 0.0 42.5 48.6 40.0 0.0 0.0 85 AZERBAJIJAN (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 -1998 7. DEBf RESTRUCriTRINGS Total amount rescheduled ...... 35.5 0.0 0.0 0.0 0.0 0.0 Debt stock rescheduled ...... 0.0 0.0 0.0 0.0 0.0 0.0 Principal rescheduled .... . 0.0 0.0 0.0 0.0 0.0 0.0 Official .... . 0.0 0.0 0.0 0.0 0.0 0.0 Private ...... 0.0 0.0 0.0 0.0 0.0 0.0 Interest rescheduled ... .. . 0.0 0.0 0.0 0.0 0.0 Official ...... 0.0 0.0 0.0 0.0 0.0 0.0 Private ...... 0.0 0.0 0.0 0.0 0.0 0.0 Debt forgiven ...... 0.0 0.0 0.0 0.0 35.5 0.0 Memo: interest forgiven ...... 0.0 0.0 0.0 0.0 2.5 0.0 Debt stock reduction .... . 0.0 0.0 0.0 0.0 0.0 0.0 of which debt buyback ...... 0.0 0.0 0.0 0.0 0.0 0.0 8. DEBT STOCK-FLOW RECONCILIATION Total change in debt stocks ... .. . 77.3 208.2 117.3 68.3 186.7 Net flows on debt ..... 0.0 73.4 207.0 129.7 129.4 164.9 Net change in interest arrears ... .. . 3.6 2.4 -3.6 -2.5 0.0 Interest capitalized ... .. . 0.0 0.0 0.0 0.0 0.0 Debt forgiveness or reduction ... .. . 0.0 0.0 0.0 -35.5 0.0 Cross-cuffency valuation ... .. . -22.2 -3.3 -11.4 -0. 1 1.9 Residual ... .. . 22.4 2.0 2.6 -22.9 19.9 9. AVERAGE T'ERNIS OF NEW CommiTmENI'S ALL CREDITORS Interest (%) ...... 3.1 6.3 1.4 2.4 3.5 2.9 Maturity (years) ...... 7.7 9.4 32.2 27.9 22.3 29.0 Grace period (years) ...... 5.2 3.7 9.4 7.8 6.6 7.8 Grant elemnent (%) ...... 31.1 15.3 71.8 59.5 47.9 58.3 Ofricial creditors Interest (%) ...... 3.1 6.3 1.4 2.4 3.0 1.1 Maturity (years) ...... 7.7 9.4 32.2 27.9 24.9 37.0 Grace period (ye-ars) ...... 5.2 3.7 9.4 7.8 7.4 9.5 Grant element (%) . .... 31.1 15.3 71.8 59.5 54.0 76.4 Private creditors Interest (%) ...... 0.0 0.0 0.0 0.0 7.3 8.5 Maturity (years) ...... 0.0 0.0 0.0 0.0 4.8 4.9 Grace period (years) ...... 0.0 0.0 0.0 0.0 1.4 2.4 Grant element (%) ...... 0.0 0.0 0.0 0.0 6.3 3.6 Memorandum items Commiitmnents ...... 250.0 144.1 187.8 40.5 189.3 316.9 Official creditors ...... 250.0 144.1 187.8 40.5 165.1 237.9 Private creditors ...... 0.0 0.0 0.0 0.0 24.2 79.0 10. CONT RACrIIAL OBLIG.%TIONS ON OUTST- XNDING LONG-TERAM DEBT 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 TOTAL Disbursements 180.6 178.9 107.0 60.4 28.8 14.4 7.2 0.6 0.2 0.0 Principal 59.8 57.7 69.0 68.2 46.9 20.1 14.2 16.1 18.0 25.9 Interest 13.3 12.2 16.0 15.2 11.6 8.5 7.5 6.8 6.2 5.6 Official creditors Disbursements 136.0 144.2 92.2 54.4 28.0 14.4 7.2 0.6 0.2 0.0 Principal 33.7 37.0 24.7 26.2 15.4 15.4 14.2 16.1 18.0 25.9 Interest 10.8 10.5 9.8 10.0 9.1 8.3 7.5 6.8 6.2 5.6 Bilateral creditors Disbursements 50.3 67.3 44.9 29.4 16.7 8.3 4.3 0.4 0.0 0.0 Principal 26.8 28.6 4.8 4.8 4.8 4.8 1.1 1.1 1.3 7.8 Interest 4.9 3.6 2.3 2.3 2.1 1.9 1.7 1.7 1.7 1.8 Multilateral creditors Disbursements 85.7 76.9 47.3 25.0 11.3 6.1 2.9 0.2 0.2 0.0 Principal 6.9 8.4 19.9 21.4 10.6 10.6 13.1 15.0 16.7 18.1 Interest 5.9 6.8 7.4 7.7 7.0 6.4 5.8 5.2 4.5 3.8 Private creditors Disbursements 44.6 34.7 14.8 6.1 0.8 0.0 0.0 0.0 0.0 0.0 Principal 26.1 20.7 44.4 42.0 31.5 4.7 0.0 0.0 0.0 0.0 Interest 2.5 1.7 6.2 5.2 2.5 0.2 0.0 0.0 0.0 0.0 Commnercial banks Disbursemnents 27.4 18.8 7.4 3.4 0.0 0.0 0.0 0.0 0.0 0.0 Principal 0.0 0.0 19.0 19.0 19.0 0.0 0.0 0.0 0.0 0.0 Interest 0.0 0.0 4.0 2.7 1.2 0.0 0.0 0.0 0.0 0.0 Other private Disbursemnents 17.2 15.9 7.4 2.6 0.8 0.0 0.0 0.0 0.0 0.0 Principal 26.1 20.7 25.4 23.0 12.5 4.7 0.0 0.0 0.0 0.0 Interest 2.5 1.7 2.2 2.5 1.3 0.2 0.0 0.0 0.0 0.0 86 BANGLADESH (US mllon unes ohewis idiatd) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 I. SUIMMARN DEBT D)ATA TOTAL DEBT STOCKS (EDT) 4,230 12,769 13,928 14,650 16,258 16,325 16,007 15,125 16,376 Long-term debt (LDOD) 3,594 11,987 12,963 13,815 15,392 15,501 15,327 14,578 15,804 Public and publicly guaranteed 3,594 11,987 12,963 13,815 15,392 15,501 15,327 14,578 15,804 Private nonguaranteed 0 0 0 0 0 0 0 0 0 Use of IMF credit 424 626 732 682 669 622 517 372 422 Short-term debt 212 156 233 153 197 203 163 175 150 of which interest arrears on LDOD 0 1 3 5 1 2 19 0 0 0 Official creditors ..0 1 3 5 12 19 0 0 0 Private creditors 0 0 0 0 0 0 0 0 0 Memo: principal arrears on LDOD 0 1 1 1 5 19 34 30 1 8 14 1 5 Official creditors 0 1 1 14 19 30 30 18 14 15 Private creditors 0 0 0 0 4 0 0 0 0 Memo: export credits 0 329 744 960 913 466 437 430 512 TOTAL DEBT FLOWS Disbursements 970 1,368 1,082 707 1,017 679 1,151 704 870 Long-term debt 743 1,307 959 667 1,017 679 1,151 704 736 lviMFpurchases 227 6 1 123 40 0 0 0 0 135 Principal repayments 199 573 402 392 406 623 485 519 503 Long-term debt 65 362 314 301 350 562 400 405 401 IMF repurchases 134 211 88 9 1 56 61 85 114 102 Net flows on debt 872 883 693 233 648 55 645 197 342 of which short-term debt 102 88 1 3 -82 37 - 1 -21 1 2 -25 Interest payments (INT) 79 218 172 176 198 189 213 186 180 Long-term debt 50 167 153 163 187 176 200 175 170 IMF charges . 1 3 42 1 0 6 4 3 3 2 2 Short-term debt 1 6 9 9 7 7 10 1 0 9 8 Net transfers on debt . 794 665 521 57 451 .134 432 11 162 Total debt service paid (TDS) 278 791 574 568 603 812 698 705 683 Long-termn debt 115 529 467 465 537 738 600 580 570 IMF repurchases and charges 147 253 99 96 60 64 88 116 104 Short-term debt (interest only) . 1 6 9 9 7 7 1 0 1 0 9 8 2. AGGREGATE NET RFSlOtIRCE FLO%%S AND NrET TR-ANSFERS kLONG-TFR.Mi NET RESOURCE FLOWS 1,679 1,720 1,458 1,029 1,486 830 1,390 1,009 1,303 Net flowof lung-terin debt (ex. IMi 678 945 646 366 668 117 751 299 335 Foreign direct investment (net) 0 3 4 14 11 2 14 141 308 Portfolio equity flows 0 0 0 0 48 33 30 11 3 Grants (excluding technical coop.) 1,001 772 809 650 760 678 595 558 657 Memo: technical coop. grants 159 239 309 291 294 292 277 232 203 official net resourceeflows 1,668 1,650 1,442 1,023 1,456 891 1,377 884 1,015 private net resource flows I11 70 17 7 30 -60 1 3 124 288 NET TRANSFERS . 1,629 1,553 1,306 866 1,298 654 1,179 809 1,103 Interest on long-term debt 50 167 153 163 187 176 200 175 170 Profit renmittances on FDI 0 0 0 0 0 0 12 25 30 Memo: official net transfers 1,621 1,495 1,299 870 1,279 723 1,184 715 850 private net transfers 9 59 7 -4 19 -69 -6 94 254 3. ?M%AJOR ECONOMIC AGGREGATES Gross national product (GNP) . 17,641 30,487 32,306 33,967 34,532 38,770 41,514 42,408 44,127 Exports of goods & services (XGS) . 1.174 2,731 3.406 3.944 4,293 5,490 5.907 6,663 7,495 of which workers remiittances . 197 761 848 944 1,089 1,198 1,217 t,475 1,525 Imports of goods &services (MGS) .. 2,622 4,346 4,112 4,685 4,871 6,652 7,802 7,860 8,240 Intemnational reser-ves (RES) .. 331 660 1,853 2,447 3,175 2,376 1,869 1,611 1,936 Current account balance .. -844 -1,574 -578 -619 -420 -920 -1,636 -931 -253 4. DEBT INDICAl'ORS EDT /XGS% .. 360.4 467.5 409.0 371.5 378.7 297.4 271.0 227.0 218.5 EDT /GNP(% . 24.0 41.9 43.1 43.1 47.1 42.1 38.6 35.7 37.1 TDS /XGS% .. 23.7 29.0 16.9 14.4 14.1 14.8 11.8 10.6 9.1 INT I XGS (% . 6.7 8.0 5.1 4.5 4.6 3.4 3.6 2.8 2.4 INT / GNP (). 0.4 0.7 0.5 0.5 0.6 0.5 0.5 0.4 0.4 RES /EDT% .. 7.8 5.2 13.3 16.7 19.5 14.6 11.7 10.7 11.8 RES /MGS (months) . 1.5 1.8 5.4 6.3 7.8 4.3 2.9 2.5 2.8 Short-term /EDT (%) .. 5.0 1.2 1.7 1.0 1.2 1.2 1.0 1.2 0.9 Concessional /EDT (% . 81.9 90.2 89.8 91.4 92.3 93.3 94.4 95.2 95.6 Multilateral /EDT (%) . 30.2 51.1 53.8 55.3 57.1 59.8 61.5 63.5 64.7 87 BANGLADESH (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 5. LONG-TERM DEBT DEBT OUTSTANDING (LDOD) .. 3,594 11,987 12,963 13,815 15,392 15,501 15,327 14,578 15,804 Public and publicly guaranteed .. 3,594 11,987 12,963 13,815 15,392 15,501 15,327 14,578 15,804 Official creditors 3,538 11,725 12,657 13,519 15,123 15,328 15,185 14,464 15,713 Multilateral 1,276 6,529 7,495 8,097 9,284 9,766 9,844 9,611 10,596 Concessional 1,214 6,432 7,434 8,038 9,226 9,710 9,795 9,563 10,547 Bilateral 2,263 5,196 5,162 5,422 5,839 5,562 5,341 4,853 5,118 Concessional 2,248 5,086 5,074 5,351 5,782 5,521 5,311 4,831 5,104 Private creditors 56 262 305 296 269 173 142 114 91 Bonds 0 0 0 0 0 0 0 0 0 Comimercial banks 0 34 29 26 28 32 26 20 17 Other private 56 228 277 271 241 142 117 94 74 Private nonguaranteed ..0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 0 Memo: IBRD 55 64 60 58 58 55 47 38 36 IDA 926 4,095 4,534 4,824 5,378 5,638 5,713 5,701 6,168 DISBURSEMENTS .. 743 1,307 959 667 1,017 679 1,151 704 736 Public and publicly guaranteed .. 743 1,307 959 667 1,017 679 1,151 704 736 Official creditors 726 1,205 907 632 996 667 1,144 704 736 Multilateral 307 849 661 553 816 492 652 522 629 Concessional 306 819 661 553 816 492 649 515 628 Bilateral 419 356 246 79 181 175 492 182 107 Concessional 419 356 244 78 181 175 492 182 107 Private creditors 17 102 52 36 21 12 8 0 0 Bonds 0 0 0 0 0 0 0 0 0 Comimercial banks 0 22 0 0 6 6 0 0 0 Other private 17 80 52 36 14 6 8 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 Comimercial banks 0 0 0 0 0 0 0 0 0 Memo: IBRD 0 0 0 0 0 0 0 0 0 IDA 156 484 327 306 412 197 279 299 352 PRINCIPAL REPAYMENTS .. 65 362 314 301 350 562 400 405 401 Public and publicly guaranteed .. 65 362 314 301 350 562 400 405 401 Official creditors 59 327 274 258 300 454 362 378 377 Multilateral 1 63 72 72 81 105 114 126 135 Concessional 1 45 57 68 77 100 109 121 130 Bilateral 58 264 202 187 219 349 248 252 242 Concessional 54 251 188 172 204 333 237 244 234 Private creditors 6 35 40 43 49 108 39 28 23 Bonds 0 0 0 0 0 0 0 0 0 Comumercial banks 0 2 3 3 4 2 6 6 3 Other private 6 33 37 40 45 106 33 22 21 Private nonguaranteed ..0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 0 Memo: IBRD 0 2 3 4 4 5 5 5 4 IDA 0 13 20 28 33 41 50 54 62 NET FLOWS ON DEBT 678 945 646 366 668 117 751 299 335 Public and publicly guaranteed 678 945 646 366 668 117 751 299 335 Official creditors 667 878 633 373 696 212 782 326 359 Multilateral 306 786 589 481 735 387 538 396 494 Concessional 306 774 604 485 739 392 540 394 497 Bilateral 361 92 44 -108 -39 -174 244 -70 -136 Concessional 365 105 56 -93 -23 -158 255 -62 -128 Private creditors 11 67 13 -7 -29 -96 -31 -28 -23 Bonds 0 0 0 0 0 0 0 0 0 Commercial banks 0 20 -3 -3 2 4 -6 -6 -3 Other private 11 47 16 -5 -31 -99 -25 -22 -21 Private nonguaranteed ..0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 0 Memo: IBRD 0 -2 -3 -4 -4 -5 -5 -5 -4 IDA 156 472 307 278 380 155 229 245 290 88 BANGLADESH (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 INTEREST PAYMENTS (LINT) 50 167 153 163 187 176 200 175 170 Public and publicly guaranteed 50 167 153 163 187 176 200 175 170 Official creditors 48 155 143 153 176 168 193 169 166 Multilateral I11 53 64 71 78 87 86 84 86 Concessional 8 48 60 68 75 84 83 82 84 Bilateral .. 37 102 79 82 98 81 107 85 80 Concessional 36 92 71 75 91 76 104 83 78 Private creditors 2 1 1 10 1 0 1 1 8 7 6 4 Bonds 0 0 0 0 0 0 0 0 0 Commercial banks ..0 1 1 1 1 0 1 (1 1 Other private ..2 1 1 9 10 10 8 6 5 3 Private nonguaranteed ..0 0 0 0 0 0 0 0 0 Bonds ..0 0 0 0 0 0 0 0 0 Commercial banks ..0 0 0 0 0 0 0 0 0 Memo: IBRD 3 4 4 4 4 4 3 3 2 IDA 6 28 32 36 39 42 42 42 43 NET TRANSFERS ON DEBT 628 779 493 203 480 -59 551 124 165 Public and publicly guaranteed .. 628 779 493 203 480 -59 551 124 165 Official creditors 620 723 490 220 520 45 589 157 193 Multilateral 295 733 525 410 656 300 452 312 408 Concessional 298 726 545 417 664 308 457 312 414 Bilateral 325 -10 -36 -190 -137 -255 137 -155 -215 Concessional 329 13 -14 -168 -114 -234 151 -144 -206 Private creditors 8 56 3 -18 -40 -104 -38 -33 -27 Bonds 0 0 0 0 0 0 0 0 0 Commercial banks 0 20 -4 -3 2 3 -6 -6 -4 Other private 8 36 7 -14 -41 -107 -32 -27 -24 Private nonguaranteed ..0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 Corimercial banks ..0 0 0 0 0 0 0 0 0 Memo: IBRD -3 -5 -7 -7 -7 -8 -8 -7 -7 IDA .. 150 443 275 242 341 114 187 204 247 DEBT SERVICE (LTDS) .. 115 529 467 465 537 738 600 580 570 Public and publicly guaranteed .. 115 529 467 465 537 738 600 580 570 Official creditors 107 482 417 411 476 622 554 547 543 Multilateral . 1 2 116 136 143 159 192 199 210 221 Concessional 8 93 116 136 152 184 192 203 214 Bilateral 94 366 282 268 317 430 355 337 322 Concessional 90 343 258 246 294 409 341 326 312 Privatc creditors 8 47 49 53 60 116 46 33 27 Bonds 0 0 0 0 0 0 0 0 0 Commercial banks 0 2 4 3 5 3 6 6 4 Other private 8 44 46 50 56 114 39 27 24 Private nonguaranteed 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 0 Memo: IBRD 3 5 7 7 7 8 8 7 7 IDA 6 41 52 64 71 83 92 96 105 UNDISBURSED DEBT 2,113 4,153 4,132 4,084 4,192 4,096 2,864 2,585 3,178 Official creditors 2,059 4,002 4,040 4,022 4,041 3,957 2,733 2,454 3,088 Private creditors 54 151 92 62 151 139 131 131 91 Memorandum items Concessional LDOD 3,462 11,518 12,508 13,389 15,007 15,231 15,105 14,394 15,651 Variable rate LDOD ..5 34 62 64 60 53 42 31 22 Public sector LDOD .. 3,592 11,984 12,960 13,814 15,391 15,501 15,327 14,578 15,804 Private sector LDOD ..2 3 2 1 1 0 0 0 0 6. CURRENCI'COMdPOSITION OF LONG-TERM DEBT IPERCENri - Deutsche mark 0.2 0.2 0.1 0.1 0.1 0.1 0.1 0.1 0.t French franc .. 1.2 1.5 1.2 1.0 1.1 0.7 0.9 1.0 1.0 Japanese yen .. 21.6 24.1 25.5 26.1 26.2 25.2 23.5 21.7 21.9 Pound sterling .. 17.4 5.1 4.4 4.1 3.6 3.5 3.4 3.4 3.1 Swiss franc .. 0.2 0.1 0.0 0.0 0.0 0.0 0.2 0.2 0.2 U.S.dollars .. 42.6 48.6 46.4 45.2 43.1 43.0 43.1 44.1 43.5 Multiple currency .. 7.4 15.0 18.0 19.1 20.9 22.3 22.6 22.6 -23.3 Special drawing rights .. 0.2 0.9 1.0 1.6 2.6 3.1 3.8 4.5 4.7 All other currencies .. 9.2 4.5 3.4 2.8 2.4 2.1 2.4 2.4 2.2 89 BANGLADESH (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 7. DEBY RESTRUICTURINGS Total amount rescheduled ..0 0 0 0 0 0 0 0 Debt stock rescheduled 0 0 0 0 0 0 0 0 Principal rescheduled 0 0 0 0 0 0 0 0 Official ..0 0 0 0 0 0 0 0 Private ..0 0 0 0 0 0 0 0 Interest rescheduled 0 0 0 0 0 0 0 0 Official 0 0 0 0 0 0 0 0 Private 0 0 0 0 0 0 0 0 Debt forgiven 0 0 2 2 0 0 0 0 Memo: interest forgiven ..0 0 0 0 0 0 0 0 Debt stock reduction ...0 0 0 0 0 0 0 0 of which debt buyback 0 0 0 0 0 0 0 0 8. DEBT STOCK-FLOW RECONCILLATION Total change in debt stocks 1,650 445 723 1,608 67 -318 -882 1,250 Net flows on debt 872 883 693 233 648 55 645 197 342 Net change in interest arrears I. 1 2 7 7 -18 0 0 Interest capitalized 0 0 0 0 0 0 0 0 Debt forgiveness or reduction 0 0 -2 -2 0 0 0 0 Cross-currency valuation 367 -130 388 572 -96 406 -435 490 Residual ... 399 -119 102 382 101 -539 -644 418 9. A% ERAGE TERAIS OF NEWC' COMMITMENTS ALL CREDITORS Interest (%) .. 1.7 1.9 1.1 1.1 1.3 1.9 1.1 1.7 1.5 Maturity (years) .. 36.0 33.6 35.9 35.2 33.3 37.8 32.7 37.7 39.5 Grace period (years) .. 9.0 9.3 9.8 9.7 8.9 10.0 8.7 9.9 10.1 Grant element (%) .. 68.6 67.6 74.7 75.0 70.8 69.0 71.7 70.7 73.6 Official creditors Interest (%) .. 1.5 1.3 0.9 1.1 1.0 1.9 1.1 1.7 1.5 Maturity (years) .. 36.8 36.3 37.4 35.2 35.1 37.8 32.7 37.7 39.5 Grace period (years) .. 9.2 10.0 10.1 9.8 9.3 10.0 8.7 9.9 10.1 Grant element (%) .. 70.4 73.8 77.6 75.0 74.6 69.0 71.7 70.7 73.6 Private creditors Interest (%) .. 7.5 6.7 4.0 0.8 5.0 0.0 0.0 0.0 0.0 Maturity (years) .. 10.7 11.3 13.8 38.4 12.3 0.0 0.0 0.0 0.0 Grace period (years) .. 2.4 3.1 4.3 8.9 4.3 0.0 0.0 0.0 0.0 Grant element (%) .. 11.3 16.5 33.2 79.0 25.9 0.0 0.0 0.0 0.0 Memorandwm items Commritments .. 1,036 1,447 1,177 717 1,421 687 257 974 1,033 Official creditors .. 1,004 1,290 1,101 712 1,311 687 257 974 1,033 Private creditors .. 32 157 76 6 109 0 0 0 0 10. CON-TRACiI'IAL OBLIGATIONS ON OUTSTANDING LONG-TERM DEBT 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 TOTAL Disbursements 923 802 576 411 242 118 69 15 3 0 Principal 493 509 515 537 560 591 606 608 625 657 Interest 186 183 179 173 166 158 150 155 151 145 Official creditors Disbursements 871 777 568 407 242 118 69 15 3 0 Principal 457 478 495 517 541 573 588 600 624 657 Interest 180 177 174 169 163 156 148 154 151 144 Bilateral creditors Disbursements 88 59 35 24 15 7 5 4 2 0 Principal 299 302 298 304 307 314 305 299 292 286 Interest 83 78 73 68 63 58 53 48 43 39 Multilateral creditors Disbursements 783 717 533 383 227 ill 64 12 1 0 Principal 158 176 197 214 234 259 283 301 332 370 Interest 97 99 101 101 100 98 96 106 108 106 Private creditors Disbursements 52 26 9 4 0 0 0 0 0 0 Principal .37 3 1 20 20 19 19 19 8 1 1 Interest 6 6 5 4 3 2 2 1 0 0 Commercial banks Disbursements 0 0 0 0 0 0 0 0 0 0 Principal 2 2 0 1 1 1 1 1 1 1 Interest 1 1 1 1 1 1 1 1 0 0 Other private Disbursements 52 26 9 4 0 0 0 0 0 0 Principal 35 29 1 9 1 9 1 8 1 8 1 8 7 0 0 Interest 5 5 4 4 3 2 1 0 0 0 90 BARBADOS (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 I. SU1%l1%1ARN'DEBT DA.TA TOTAL DEBT STOCKS (EDT) .. 165.7 683.0 609.6 570.6 618.0 599.5 583.5 571.9 607.8 Long-term debt (LDOD) 12.9 97.8 504.1 400.6 348.8 374.0 372.1 383.7 367.6 387.8 Public and publicly guaranteed 12.9 97.8 504.1 400.6 348.8 374.0 372.1 383.7 367.6 387.8 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Use of IMF credit 0.0 2.9 0.7 50.7 50.6 53.8 37.1 9.4 0.0 0.0 Short-term debt .. 65.0 178.1 158.4 171.3 190.3 190.3 190.4 204.3 220.0 of which interest arrears on LDOD .. 0.0 0.2 0.4 0.3 0.3 0.3 0.3 0.3 0.0 Official creditors .. 0.0 0.2 0.4 0.3 0.3 0.3 0.3 0.3 0.0 Private creditors .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: principal arrears on LDOD .. 0.0 0.7 1.2 1.0 1.3 1.3 1.1 1.1 0.0 Official creditors .. 0.0 0.7 1.2 1.0 1.3 1.3 1.1 1.1 0.0 Private creditors .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: export credits .. 0.0 99.0 84.0 71.0 89.0 115.0 106.0 61.0 41.0 TOTAL DEBT FLOWS Disbursements 0.0 38.4 90.6 65.5 14.4 62.9 54.6 54.2 40.1 61.1 Long-termn debt 0.0 38.4 90.6 13.6 14.4 62.9 54.6 54.2 40.1 61.1 IMF purchases 0.0 0.0 0.0 51.9 0.0 0.0 0.0 0.0 0.0 0.0 Principal repayments 0.0 14.2 92.2 58.9 71.3 46.5 76.9 61.7 53.2 46.4 Long-termn debt 0.0 8.7 88.4 58.9 71.3 46.5 58.8 35.0 44.2 46.4 IMF repurchases 0.0 5.5 3.7 0.0 0.0 0.0 18.0 26.7 9.0 0.0 Net flows on debt 0.0 10.2 18.8 -4.4 -43.9 35.4 -22.2 -7.4 0.8 30.7 of which short-term debt .. -14.0 20.4 -11.0 13.0 19.0 0.0 0.1 13.9 16.0 Interest payments (INT) .. 11.1 48.6 42.6 40.8 40.7 41.4 39.4 40.3 40.3 Long-termn debt 0.8 5.8 39.3 32.2 28.3 27.1 27.2 26.7 30.2 29.7 vIME charges .0.0 0.3 0.4 2.4 3.0 2.7 2.8 1.2 0.2 0.0 Short-termndebt .. 5.0 8.9 8.1 9.5 10.9 11.4 11.6 9.9 10.6 Net transfers on debt .. -0.9 -29.8 -47.0 -84.8 -5.3 -63.7 -46.8 .39.5 -9.6 Total debt service paid (TDS) .. 25.2 140.7 101.6 112.2 87.2 118.3 101.2 93.5 86.7 Long-term debt 0.8 14.5 127.7 91.1 99.7 73.6 86.0 61.7 74.5 76.1 lIF repurchases and charges 0.0 5.8 4.1 2.4 3.0 2.7 20.9 27.9 9.1 0.0 Short-termndebt (interest only) .. 5.0 8.9 8.1 9.5 10.9 11.4 11.6 9.9 10.6 2.,%GGREG.-TE NET RESOUIRCE FL-O%%i.-AND NET TRANSFERS iLONG-TER-Mi NET RESOURCE FLOWS 9.4 33.2 14.4 -31.5 -28.3 31.5 9.0 274.6 109.0 .34.0 Net flow of long-term debt (ex. IM)0.0 29.7 2.1 -45.3 -56.9 16.4 -4.2 19.3 -4.1 14.7 Foreign direct investmnent (net) 8.7 2.8 11.0 14.0 9.0 12.9 12.0 13.0 14.0 15.0 Portfolio equity flows 0.0 0.0 0.0 0.0 0.0 0.0 0.0 240.0 96.0 0.0 Grants (excluding technical coop.) 0.7 0.7 1.3 -0.2 19.6 2.2 1.2 2.3 3.1 4.3 Memo: technical coop. grants 0.8 2.7 2.4 3.0 2.3 2.1 1.9 1.8 1.8 1.3 official net resource flows 0.7 14.4 17.4 -8.2 8.9 -8.6 -5.6 35.8 23.2 42.1 private net resource flows 8.7 18.8 -3.0 -23.3 -37.2 40.1 14.6 238.8 85.8 -8.1 NET TRANSFERS 4.4 22.6 -34.0 -72.7 .64.7 4.4 -22.3 243.9 73.8 -1.6 Interest on long-termn debt 0.8 5.8 39.3 32.2 28.3 27.1 27.2 26.7 30.2 29.7 Profit rermittances on FDI 4.2 4.8 9.1 9.0 8.0 0.0 4.0 4.0 5.0 6.0 Memo: official net transfers 0.7 11.8 3.0 -22.3 -4.8 -22.9 -18.0 24.0 9.7 27.2 private net transfers 3.7 10.8 -37.0 -50.4 -59.9 27.3 4.3 219.9 64.1 -28.8 3. MAJOR ECONOMIIC.AGGRtEGATES Gross national product (GNP) 180.8 836.9 1,699.9 1,548.3 1,609.9 1,670.7 1,683.2 Exports of goods & services (XGS) 101.7 594.0 928.9 878.5 948.7 1,087.0 1,249.3 1,349.2 1,363.7 1,4(05.3 of which workers rermittances 0.0 .. 26.0 32.0 31.5 37.4 42.4 48.3 55.0 61.2 Imports of goods & services (MGS) 148.7 632.2 953.4 743.5 867.8 950.4 1,150.5 1,236.4 1,405.3 1,452.8 Intemational reserves (RES) 16.6 80.6 117.5 140.0 150.5 195.8 219.1 289.7 264.9 253.2 Current account balance 41.8 -16.8 -7.8 143.4 70.3 134.6 90.1 104.4 -49.3 -56.0 4. DEBT INDIC.ATORS EDT IXGS(% . 27.9 73.5 69.4 60.2 56.9 48.0 43.3 41.9 43.3 EDT /GNP(% . 19.8 40.2 39.4 35.4 37.0 35.6 TDS /XGS(% . 4.2 15.2 11.6 1 1.8 8.0 9.5 7.5 6.9 6.2 INT /XGS(% . 1.9 5.2 4.9 4.3 3.7 3.3 2.9 3.0 2.9 INT /GNP(% . 1.3 2.9 2.8 2.5 2.4 2.5 . RES /EDT(% . 48.6 17.2 23.0 26.4 31.7 36.6 49 .7 46.3 41.7 RES / MGS (months) 1.3 1.5 1.5 2.3 2.1 2.5 2.3 2.8 2.3 211 Short-term /EDT (%) .. 39.2 26.1 26.0 30.0 30.8 31.7 32.6 35.7 36.2 ConcessionalfIEDT(% . 22.3 13.3 11.2 11.5 9.7 9.2 11.2 10.8 12.5 Multilateral /EDT (%) .. 20.3 26.5 28.2 28.7 26.0 26.8 32.7 36.1 41.8 91 BARBADOS (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 5. LONG-TrERN!1 DEBT DEBT OUTSTANDING (LDOD) 12.9 97.8 504.1 400.6 348.8 374.0 372.1 383.7 367.6 387.8 Public and publicly guaranteed 12.9 97.8 504.1 400.6 348.8 374.0 372.1 383.7 367.6 387.8 Official creditors 0.0 60.6 246.0 209.0 199.8 189.9 186.6 212.1 224.5 267.6 Multilateral 0.0 33.7 180.9 171.7 164.0 160.8 160.9 190.6 206.7 253.8 Concessional 0.0 20.8 56.8 54.6 52.2 49.5 46.0 57.4 54.5 70.3 Bilateral 0.0 26.8 65.1 37.3 35.8 29.1 25.8 21.6 17.8 13.8 Concessional 0.0 16.2 33.7 13.9 13.5 10.6 9.3 8.2 7.3 5.4 Private creditors 12.9 37.2 258.2 191.6 149.0 184.1 185.5 171.6 143.1 120.2 Bonds 12.9 16.7 69.2 40.1 44.7 45.1 78.9 70.2 63.1 40.0 Commercial banks 0.0 20.5 163.1 134.8 92.3 131.8 104.2 101.4 80.0 80.2 Other piivate 0.0 0.1 25.9 16.7 12.0 7.2 2.4 0.0 0.0 0.0 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Comimercial banks 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 0.9 36.0 26.7 22.0 19.6 19.3 15.6 13.7 18.3 IDA 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 DISBURSEMENTS 0.0 38.4 90.6 13.6 14.4 62.9 54.6 54.2 40.1 61.1 Public and publicly guaranteed 0.0 38.4 90.6 13.6 14.4 62.9 54.6 54.2 40.1 61.1 Official creditors 0.0 16.6 33.9 13.6 13.2 12.9 14.6 54.2 40.1 61.1 Multilateral 0.0 12.3 21.9 12.2 9.1 11.7 12.9 53.5 39.1 60.8 Concessional 0.0 10.4 1.7 1.5 1.1 0.5 0.3 15.2 1.0 19.5 Bilateral 0.0 4.4 12.1 1.4 4.1 1.2 1.7 0.8 1.0 0.2 Concessional 0.0 1.1 2.5 1.1 0.8 0.3 0.4 0.2 0.2 0.2 Private creditors 0.0 21.7 56.6 0.0 1.2 50.0 40.0 0.0 0.0 0.0 Bonds 0.0 16.7 0.0 0.0 0.0 0.0 40.0 0.0 0.0 0.0 Commercial banks 0.0 5.1 56.6 0.0 1.2 50.0 0.0 0.0 0.0 0.0 Other private 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 0.8 5.4 2.8 2.4 2.6 3.5 0.9 3.1 8.7 IDA 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 PRINCIPAL REPAYMENTS 0.0 8.7 88.4 58.9 71.3 46.5 58.8 35.0 44.2 46.4 Public and publicly guaranteed 0.0 8.7 88.4 58.9 71.3 46.5 58.8 35.0 44.2 46.4 Official creditors 0.0 3.0 17.8 21.6 24.0 23.7 21.4 20.8 20.0 23.3 Multilateral 0.0 0.6 13.2 16.8 18.6 17.9 16.3 15.8 15.2 19.4 Concessional 0.0 0.1 2.2 3.0 3.4 3.4 3.7 3.7 3.4 3.8 Bilateral 0.0 2.4 4.6 4.8 5.4 5.8 5.1 5.0 4.8 3.9 Concessional 0.0 0.3 0.9 0.9 1.1 1.2 1.7 1.3 1.2 1.8 Private creditors 0.0 5.7 70.6 37.3 47.4 22.8 37.4 14.2 24.2 23.1 Bonds 0.0 0.0 44.1 0.0 0.0 4.9 5.3 4.6 4.1 23.0 Commercial banks 0.0 5.4 20.2 32.5 42.6 13.1 27.2 7.2 20.1 0.1 Other private 0.0 0.3 6.2 4.8 4.8 4.8 4.8 2.4 0.0 0.0 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commnercial banks 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 0.0 7.1 7.7 7.9 6.5 4.7 3.3 3.7 4.2 IDA 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 NET FLOWS ON DEBT 0.0 29.7 2.1 -45.3 .56.9 16.4 -4.2 19.3 -4.1 14.7 Public and publicly guaranteed 0.0 29.7 2.1 -45.3 -56.9 16.4 -4.2 19.3 -4.1 14.7 Official creditors 0.0 13.7 16.1 -8.0 -10.7 -10.8 -6.8 33.5 20.1 37.8 Multilateral 0.0 11.7 8.6 -4.6 -9.5 -6.2 -3.4 37.7 23.9 41.5 Concessional 0.0 10.4 -0.5 -1.5 -2.3 -2.9 -3.4 11.5 -2.4 15.7 Bilateral 0.0 2.0 7.5 -3.4 -1.3 -4.6 -3.4 -4.2 -3.8 -3.7 Concessional 0.0 0.8 1.6 0.2 -0.3 -0.8 -1.3 -1.1 -0.9 -1.7 Private creditors 0.0 16.0 -14.0 -37.3 -46.2 27.2 2.6 -14.2 -24.2 -23.1 Bonds 0.0 16.7 -44.1 0.0 0.0 -4.9 34.7 -4.6 -4.1 -23.0 Commercial banks 0.0 -0.4 36.4 -32.5 -41.4 36.9 -27.2 -7.2 -20.1 -0.1I Other private 0.0 -0.3 -6.2 -4.8 -4.8 -4.8 -4.8 -2.4 0.0 0.0 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commnercial banks 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 0.8 -1.7 -4.9 -5.5 -3.9 -1.2 -2.4 -0.6 4.5 IDA 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 92 BARBADOS (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 INTEREST PAYMENTS (LINT) 0.8 5.8 39.3 32.2 28.3 27.1 27.2 26.7 30.2 219.7 Public and publicly guaranteed 0.8 5.8 39.3 32.2 28.3 27.1 27.2 26.7 30.2 219.7 Official creditors 0.0 2.6 14.4 14.1 13.7 14.3 12.4 11.8 13.5 14.9 Multilateral 0.0 1.6 11.5 11.1 11.3 12.3 10.4 10.2 12.3 13.6 Concessional 0.0 0.5 1.6 1.6 1.5 1.4 1.4 1.4 2.1 2.7 Bilateral 0.0 1.1 2.9 3.0 2.4 2.0 1.9 1.6 1.2 1.3 Concessional 0.0 0.4 0.4 0.3 0.3 0.2 0.2 0.1 0.1 /0.3 Private creditors 0.8 3.2 24.9 18.1 14.7 12.8 14.9 14.9 16.7 14.7 Bonds 0.8 0.0 8.1 2.7 3.1 3.2 3.1 6.6 6.0 5.0 Commercial banks 0.0 3.1 15.5 13.9 10.4 8.8 11.3 8.2 10.7 9.7 Other private 0.0 0.1 1.3 1.5 1.2 0.8 0.5 0.1 0.0 0.0 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Comimercial ban~ks 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 0.2 2.9 2.4 2.1 1.7 1.6 1.3 1.0 0.9 IDA 0.0 0.0 0.0 0.0 0.0 0. 0.0 0.0 0.0 0.0 NET TRANSFERS ON DEBT -0.8 23.9 -37.2 -77.5 -85.3 -10.7 -31.4 -74 -344 -.5. Public and publicly guaranteed -0.8 23.9 -37.2 -77.5 -85.3 -10.7 -31.4 -7.4 -34A4 .15.0 Official creditors 0.0 11.1 1.7 -22.0 -24.4 -25.1 -19.2 21.7 6.6 22.9 Multilateral 0.0 10.2 -2.9 -15.7 -20.8 -18.4 -13.8 27.5 11.6 27.8 Concessional 0.0 9.8 -2.1 -3.2 -3.8 -4.3 -4.8 10.2 -4.5 13.0 Bilateral 0.0 0.9 4.5 -6.3 -3.6 -6.6 -5.3 -5.8 -5.0 -4.9 Concessional 0.0 0.4 1.2 -0. 1 -0.6 -1.1 -1.5 -1.3 -1.0 -1.9 Private creditors -0.8 12.8 -38.8 -55.4 -60.9 14.4 -12.2 -29.1 -40.9 -37.9 Bonds -0.8 16.7 -52.2 -2.7 -3.1 -8.1 31.6 -11.2 -10.1 -28.0 Commercial banks 0.0 -3.5 20.9 -46.4 -51.8 28.1 -38.6 -15.5 -30.8 -9.8 Other private 0.0 -0.4 -7.5 -6.3 -6.0 -5.6 -5.2 -2.5 0.0 0.0 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 0.7 -4.7 -7.4 -7.6 -5.6 -2.8 -3.8 -1.6 3.6 IDA 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 DEBT SERVICE (LTDS) 0.8 14.5 127.7 91.1 99.7 73.6 86.0 61.7 74.5 76.1 Public and publicly guaranteed 0.8 14.5 127.7 91.1 99.7 73.6 86.0 61.7 74.5 76.1 Official creditors 0.0 5.6 32.2 35.7 37.6 38.0 33.8 32.5 33.5 38.2 Multilateral 0.0 2.1 24.7 27.9 29.9 30.1 26.7 26.0 27.6 33.0 Concessional 0.0 0.6 3.8 4.6 4.9 4.8 5.1 5.0 5.4 6.4 Bilateral 0.0 3.4 7.5 7.8 7.8 7.8 7.1 6.6 6.0 5.2 Concessional 0.0 0.7 1.3 1.2 1.4 1.4 1.8 1.5 1.2 2.1 Private creditors 0.8 8.9 95.5 55.4 62.0 35.6 52.2 29.1 40.9 37.9 Bonds 0.8 0.0 52.2 2.7 3.1 8.1 8.4 11.2 10.1 28.0 Commercial banks 0.0 8.5 35.8 46.4 53.0 21.9 38.6 15.5 30.8 9.8 Other private 0.0 0.4 7.5 6.3 6.0 5.6 5.2 2.5 0.0 0.0 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commrercial banks 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 0.2 10.0 10.1 10.0 8.2 6.3 4.7 4.7 5.1 IDA -0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 UNDISBURSED DEBT 2.8 78.4 110.1 49.5 130.8 139.0 128.6 197.8 160.2 221.6 Official creditors 2.8 70.8 63.6 48.3 130.8 139.0 128.6 197.8 160.2 221.6 Private creditors 0.0 7.6 46.4 1.2 0.0 0.0 0.0 0.0 0.0 0.0 Memorandum items Concessional LDOD 0.0 37.0 90.5 68.6 65.7 60.0 55.3 65.6 61.8 75.6 Variable rate LDOD 0.0 15.9 155.8 81.5 57.5 50.0 30.3 54.4 66.7 95.3 Public sector LDOD 12.9 97.8 499.5 398.1 347.4 373.4 371.9 383.7 367.6 387.8 Private sector LDOD 0.0 0.0 4.6 2.6 1.3 0.6 0.2 0.0 0.0 0.0 6. CUiRRENCI'nCONEPIOSITrION OF LONG.TERM% DEBT (PERCENTi Deutsche mark 0.0 0.0 0.6 0.3 0.1 0.0 0.0 0.0 0.0 0.0 French franc 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Japanese yen 0.0 0.0 13.7 10.( 12.8 12.1 10.5 7.9 6.3 0.0 Pound sterling 100.0 6.4 13.6 15.8 14.6 12.6 12.6 13.4 13.6 12.9 Swiss franc 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 U.S.dollars 0.0 30.7 35.3 32.9 27.4 34.8 36.9 37.3 38.2 48.0 Multiple currency 0.0 30.5 31.9 38.5 42.6 38.9 38.5 39.9 40.4 37.6 Special drawing rights 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 All other currencies 0.0 32.4 4.9 2.5 2.5 1.6 1.5 1.5 1.5 1.5 93 BARBADOS (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 7. DEBT RESTRL'CTLIRINGS Total amount rescheduled ... 0.0 0.0 0.0 0.0 0.0 0 .0 0.0 0.0 Debt stock rescheduled ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal rescheduled ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Official ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Interest rescheduled ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Official ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Debt forgiven ... 0.0 20.4 0.0 0.0 0.0 0.0 0.0 0.3 Memo: interest forgiven ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Debt stock reduction ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 of which debt buyback ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 8. DEBT STOCK-FLOW RECONCILLATION Total change in debt stocks ... 39.4 -42.5 -39.0 47.4 -18.5 -16.0 -11.6 36.0 Net flows on debt 0.0 10.2 18.8 -4.4 -43.9 35.4 -22.2 -7.4 0.8 30.7 Net change in interest arrears ... -1.6 0.0 -0. 1 0.0 0.0 0.0 0.0 -0.3 Interest capitalized ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Debt forgiveness or reduction ... 0.0 -20.4 0.0 0.0 0.0 0.0 0.0 -0.3 Cross-currency valuation ... 20.0 -15.7 2.4 6.1 -2.1 -0.5 -5.3 0.5 Residual ... 2.2 -2.0 2.6 5.9 5.8 -8.1 -7.1 5.3 9. AVERAGE TERIAIS OF NEW CONINMI1'IENTS ALL CREDITORS Interest (%) 3.0 7.1 10.2 7.6 6.9 10.1 10.0 3.8 5.2 6.9 Maturity (years) 29.6 15.5 18.6 14.8 21.8 8.7 10.8 16.7 15.4 23.3 Grace period (years) 7.1 5.9 15.3 5.3 5.7 4.3 6.2 4.5 5.0 6.5 Grant element (%) 54.6 18.3 -5.5 13.5 20.0 1.2 -1.1 37.4 28.2 20.6 Official creditors Interest (%) 3.0 6.1 6.5 7.6 6.9 7.2 6.3 3.8 5.2 6.9 Maturity (years) 29.6 19.9 15.4 14.8 21.8 20.3 18.1 16.7 15.4 23.3 Grace period (years) 7.1 5.2 4.9 5.3 5.7 4.4 3.6 4.5 5.0 6.5 Grant element (%) 54.6 26.6 21.7 13.5 20.0 17.3 20.9 37.4 28.2 20.6 Private creditors Interest (%) 0.0 8.3 11.7 0.0 0.0 11.2 10.4 0.0 0.0 0.0 Maturity (years) 0.0 10.3 19.8 0.0 0.0 4.2 10.0 0.0 0.0 0.0 Grace period (years) 0.0 6.6 19.3 0.0 0.0 4.2 6.5 0.0 0.0 0.0 Grant element (%) 0.0 8.7 -16.1 0.0 0.0 -5.1 -3.6 0.0 0.0 0.0 Memorandum items Commitments 2.5 61.9 102.0 21.2 96.1 69.6 44.4 1 24.1 5.3 129.5 Official creditors 2.5 33.3 28.5 21.2 96.1 19.6 4.4 124.1 5.3 129.5 Private creditors 0.0 28.6 73.5 0.0 0.0 50.0 40.0 0.0 0.0 0.0 10. CONTRACTUJAL OBLIGATIONS ON OUTSTANDING LONG-TERM DEBT 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 TOTAL Disbursements 51.5 61.2 43.4 28.8 18.7 11.0 5.2 0.6 0.6 0.0 Principal .60.6 30.1 30.0 39.7 37.6 39.4 37.5 28.5 25.3 24.3 Interest 32.4 30.4 30.9 30.4 28.7 26.7 24.4 22.2 20.6 19.2 Official creditors Disbursements 51.5 61.2 43.4 28.8 18.7 11.0 5.2 0.6 0.6 0.0 Principal 30.3 30.1 30.0 29.7 27.6 29.4 27.5 28.5 25.3 24.3 Interest 18.5 20.0 20.5 20.3 19.6 18.7 17.4 15.9 14.4 13.0 Bilateral creditors Disbursements 1.1 0.7 0.3 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal 2.9 2.4 1.5 0.7 0.7 0.7 0.7 0.7 0.7 0.7 Interest 0.9 0.7 0.6 0.5 0.5 0.5 0.4 0.4 0.3 0.3 Multilateral creditors Disbursements 50.4 60.5 43.1 28.8 18.7 11.0 5.2 0.6 0.6 0.0 Principal 27.4 27.7 28.5 29.0 26.8 28.7 26.7 27.8 24.5 23.5 Interest 17.6 19.3 19.9 19.7 19.1 18.2 17.0 15.6 14.1 12.7 Private creditors Disbursements 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal 30.3 0.0 0.0 10.0 10.0 10.0 10.0 0.0 0.0 0.0 Interest 13.9 10.4 10.4 10.1 9.1 8.1 7.0 6.2 6.2 6.2 Commercial banks Disbursements 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal 30.3 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Interest 9.7 6.2 6.2 6.2 6.2 6.2 6.2 6.2 6.2 6.2 Other private Disbursements 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal 0.0 0.0 0.0 10.0 10.0 10.0 10.0 0.0 0.0 0.0 Interest 4.2 4.2 4.2 3.9 2.9 1.8 0.8 0.0 0.0 0.0 94 BELARUS (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 I. SUMM-TNARY DEBTf DATA TOTAL DEBT STOCKS (EDT) .. 969 1,273 1,667 1,096 1,162 1,120 Long-term debt (LDOD) 866 1,100 1,275 720 675 766 Public and publicly guaranteed ... 865 1,100 1,255 690 652 748 Private nonguaranteed 1 1 20 30 23 18 Use of IMF credit 96 102 283 274 257 243 Short-term debt 7 70 110 102 230 ill of which interest arrears on LDOD .. 7 1 5 18 10 1 5 Official creditors ..0 0 0 2 1 4 Private creditors ...7 15 18 8 0 Memo: principal arrears on LDOD 0 135 140 12 1 9 Official creditors ...0 0 0 1 1 6 Private creditors ...0 135 140 11 0 4 Memo: export credits ...211 379 399 352 279 280 TOTAL DEBT FLOWS Disbursements 429 329 440 113 87 131 Long-term debt 331 329 258 113 87 131 lIMF purchases 98 0 182 0 0 0 Principal repayments ..3 88 108 65 75 92 Long-termn debt ...3 88 108 65 75 68 IfF repurchases 0 0 0 0 0 24 Net flows on debt --426 296 369 49 149 -83 of which short-term debt ......0 55 36 1 137 -123 Interest payments (INT) --12 31 72 56 75 65 Long-term debt ......11 22 58 39 55 44 lIMFcharges ......1 5 10 1 2 12 1 2 Short-term debt ......0 4 4 4 9 9 Net transfers on debt .. . .414 265 296 -7 74 -148 Total debt service paid (TDS) .. . . 15 119 180 120 150 157 Long-term debt ......1 3 110 166 104 129 ill IMF repurchases and charges ......1 5 1 0 1 2 12 36 Short-term debt (interest only) ......0 4 4 4 9 9 2. AGGREGATE NET RESOUiRCE F`LOWSA.ND NET TRANSFERS iLONG-TERAIM NET RESOURCE FLOWS . . . .. 505 335 307 159 240 216 Net flow of long-term debt (ex. IMF) ...... 328 241 150 48 1 2 64 Foreign direct investment (net) I.... . 0 15 20 73 200 149 Porffolio equity flows ......0 0 0 0 0 0 Grants (excluding technical coop.) ...... 167 79 136 38 27 3 Memo: technical coop. grants ......1 2 13 27 27 1 5 24 official net resource flows ... . 379 231 183 72 7 1 94 private net resource flows ...... 126 104 123 87 169 122 NET TRANSFERS - .. . .. 494 313 249 120 185 172 Interest on long-term debt I.... . 1 22 58 39 55 44 Profit remnittances on FDI . .. 0 0 0 0 0 0 Memo: official net transfers ... . 373 223 151 54 48 68 private net transfers ...... 121 90 98 66 137 104 3. MtAJOR ECONOMTIC AGGREGATES Gross national product (GNP) ...... 26,729 20,095 18,192 18,564 20,839 22,537 Exports of goods & services (XGS) ...... 3,112 2,912 5,083 6,799 8,379 8,015 of which workers remiittances ......0 0 29 30 48 32 Imports of goods &services (MGS) . .. . .. 4,294 3,602 5,386 7,363 9,209 9,068 Intemnational reserves (RES) ...... 101 377 469 394 339 Current account balance ... -1,113 -641 -253 -503 -798 -945 43. DEBT INDICATORS EDT /XGS (%) ...... 31.2 43.7 32.8 16.1 13.9 14.0 EDT /GNP (%) ...... 3.6 6.3 9.2 5.9 5.6 5.0 TDS /XGS (%) ...... 0.5 4.1 3.6 1.8 1.8 2.0 INT /XGS(% ...... 0.4 1.1 1.4 0.8 0.9 0.8 INT / GNP ()...... 0.0 0.2 0.4 0.3 0.4 0.3 RES /EDT(% ... .. 7.9 22.6 42.8 33.9 30.3 RES / MGS (months) ... .. . 0.3 0.8 0.8 0.5 0.5 Short-term /EDT (%) ...... 0.7 5.5 6.6 9.3 19.8 9.9 Concessional /EDT (%) ...... 48.1 36.2 28.6 7.8 7.4 7.7 Multilateral /EDT (%) ...... 11.5 13.6 11.3 20.0 22.3 25.3 95 BELARUS (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 5. LONG-TERMI DEBT DEBT OUTSTANDING (LDOD) .... 866 1,100 1,275 720 675 766 Public and publicly guaranteed .... . 865 1,100 1,255 690 652 748 Official creditors 593 718 769 361 384 488 Multilateral 112 173 188 219 259 283 Concessional 0 0 0 0 0 0 Bilateral 481 545 582 142 125 205 Concessional 467 461 477 86 86 86 Private creditors 272 382 486 329 268 260 Bonds 0 0 0 0 0 0 Commercial banks 0 0 0 0 2 13 Other private 272 382 486 329 267 247 Private nonguaranteed ... .1 1 20 30 23 18 Bonds 0 0 0 0 0 0 Commercial banks 1 1 20 30 23 18 Memo: IBRD 0 101 116 121 124 135 IDA 0 0 0 0 0 0 DISBURSEMENTS ...... 331 329 258 113 87 131 Public and publicly guaranteed ... . 329 329 238 96 87 131 Official creditors 212 211 131 57 64 ill Multilateral 116 ill 77 47 64 30 Concessional 0 0 0 0 0 0 Bilateral 96 100 54 10 0 81 Concessional 81 30 20 10 0 0 Private creditors 117 117 107 39 23 20 Bonds 0 0 0 0 0 0 Comimercial banks 0 0 0 0 2 11 Other private 117 117 107 39 2 1 9 Private nonguaranteed ...2 0 20 17 0 0 Bonds 0 0 0 0 0 0 Commnercial banks 2 0 20 17 0 0 Memo: IBRD 0 100 11 14 13 4 IDA 0 0 0 0 0 0 PRINCIPAL REPAYMENTS ......3 88 108 65 75 68 Public and publicly guaranteed . .2 87 108 58 68 63 Official creditors 0 60 84 23 20 20 Multilateral 0 60 70 4 7 16 Concessional 0 0 0 0 0 0 Bilateral 0 0 15 19 13 4 Concessional 0 0 0 0 0 0 Private creditors 2 27 24 35 47 43 Bonds 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 Other private 2 27 24 35 47 43 Private nonguaranteed . ....1 1 0 7 7 5 Bonds 0 0 0 0 0 0 Commercial banks 1 1 0 7 7 5 Memo: IBRD 0 0 0 0 0 0 IDA 0 0 0 0 0 0 NET FLOWS ON DEBT ...... 328 241 150 48 12 64 Public and publicly guaranteed . .... 327 242 130 38 19 68 Official creditors 212 152 47 33 43 91 Multilateral 116 51 8 43 56 13 Concessional 0 0 0 0 0 0 Bilateral 96 100 39 -9 -13 77 Concessional 81 30 20 10 0 0 Private creditors 115 90 83 5 -24 -22 Bonds 0 0 0 0 0 0 Commercial banks 0 0 0 0 2 11 Other private 115 90 83 5 -26 -34 Private nonguaranteed ......1 -1 20 10 -7 -5 Bonds o 0 0 0 0 0 Commercial banks 1 -1 20 10 -7 -5 Memo: IBRD 0 100 11 14 13 4 IDA 0 0 0 0 0 0 96 BELARUS (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 INTEREST PAYMENTS (LINT) 11 22 58 39 55 44 Public and pubticly guaranteed 11 22 57 36 51 41 Official creditors 5 7 32 17 23 26 Multilateral 5 6 23 13 17 19 Concessional 0 0 0 0 0 0 Bilateralt. 0 2 10 4 5 7 Concessional 0 1 1 2 2 2 Private creditors ..5 15 25 18 29 15 Bonds ..0 0 0 0 0 0 Commnercial bankcs ..0 0 0 0 0 0 Other private 5 1 5 25 18 28 1 5 Private nonguaranteed 0 0 0 3 3 3 Bonds 0 0 0 0 0 0 Coimnercial banks 0 0 0 3 3 3 Memo: IBRD 0 2 8 8 8 8 IDA 0 0 0 0 0 0 NET TRANSFERS ON DEBT ..317 219 93 9 -42 20 Public and publicly guaranteed 316 220 73 2 -32 27 Official creditors .. 207 144 15 16 21 65 Multilateral ill11 46 -15 30 39 -6 Concessional 0 0 0 0 0 0 Bilateral 96 98 30 -14 -18 70 Concessional .. 81 29 19 8 -2 -2 Private creditors .. 110 75 58 -14 -53 -38 Bonds ..0 0 0 0 0 0 Commercial banks ..0 0 0 0 1 11 Other private 110 75 58 -14 -54 -49 Private nonguaranteed 1 -1 20 7 -10 -7 Bonds 0 0 0 0 0 0 Commercial banks ..1 -l 20 7 -10 -7 Memo: IBRD 0 98 4 6 6 -4 IDA ...0 0 0 0 0 0 DEBT SERVICE (LTDS) 13 110 166 104 129 i11 Public and publicly guaranteed 13 109 165 94 119 104 Official creditors 5 67 117 41 43 46 Multilateral ..5 65 92 17 25 35 Concessional 0 0 0 0 0 0 Bilateral 0 2 24 24 18 11 Concessional ..0 1 1 2 2 2 Private creditors 7 42 49 53 76 58 Bonds 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 Other private 7 42 49 53 76 58 Private nonguaranteed 1 1 0 11 10 8 Bonds 0 0 0 0 0 0 Comimercial banks .. 1 1 0 11 10 8 Memo: IBRD 0 2 8 8 8 8 IDA 0 0 0 0 0 0 UNDISBURSED DEBT 498 410 295 242 283 610 Official creditors 302 280 255 190 203 95 Private creditors 195 130 40 52 80 515 Memorandum items Concessional LDOD ...... 467 461 477 86 86 86 Variable rate LDOD ...... 452 578 690 513 458 524 Public sector LDOD ...... 865 1,100 1,255 690 652 748 Private sector LDOD I.. .. 1 20 30 23 18 6. CUIRRENCI'CONlIPOSIT [ON OF LONG~- rERMI DEBT (PERCENT i Deutsche mark ...... 17.6 23.2 26.4 41.8 34.8 29.6 French franc ...... 0.0 0.0 0.0 0.0 0.0 0.0 Japanese yen ...... 0.0 2.9 2.4 3.0 2.2 2.3 Pound sterling .. ... 0.0 0.0 0.0 0.0 0.0 0.0 Swiss franc .. ... 0.0 0.0 0.7 1.1 0.8 0.6 U.S.dollars ...... 63.9 55.5 52.7 27.7 35.3 41.7 Multiple cur-rency ...... 0.0 9.4 11.2 17.5 19.0 18.0 Special drawing rights ...... 0.0 0.0 0.0 0.0 0.0 0.0 All other currencies . .... 18.5 9.0 6.6 8.9 7.9 7.8 97 BELARUS (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 7. DEBT RESTRUCTURINGS Total amount rescheduled 385 0 0 0 0 0 Debt stock rescheduled 0 0 0 0 0 0 Principal rescheduled 0 0 0 0 0 0 Official 0 0 0 0 0 0 Private 0 0 0 0 0 0 Interest rescheduled 0 0 0 0 0 Official ..0 0 0 0 0 0 Private 0 0 0 0 0 0 Debt forgiven 0 0 0 553 0 0 Memo: interest forgiven 0 0 0 1 5 0 0 Debt stock reduction 0 0 0 0 0 0 of which debt buyback 0 0 0 0 0 0 8. DEBT STOCK-FLOW RECONCILLIATION Total change in debt stocks 303 395 -572 66 -42 Net flows on debt 426 296 369 49 149 -83 Net change in interest arrears 8 3 -9 -8 3 Interest capitalized ...0 0 0 0 0 Debt forgiveness or reduction 0 0 -553 0 0 Cross-currency valuation ... .. . 29 33 -38 -49 29 Residual ... .. . -30 -10 -20 -26 9 9. AVERAGE TERMS OF NEW COMIMI'TMENTS ALL CREDITORS Interest (%) ...... 7.2 6.7 5.7 6.1 5.7 4.3 Maturity (years) ...... 12.4 11.8 14.0 16.9 6.8 7.6 Grace period (years) ...... 4.6 3.7 4.8 4.5 1.8 3.1 Grant element (%) ...... 4.2 16.3 25.3 22.8 14.0 22.2 Official creditors Interest (%) ...... 6.9 6.9 5.2 4.5 5.8 5.7 Maturity (years) ...... 13.9 13.0 16.0 16.8 8.3 9.7 Grace period (years) ...... 5.2 4.0 5.6 6.8 1.6 1.7 Grant element (%) ...... 2.2 16.9 29.9 35.6 14.6 16.9 Private creditors Interest (%) ...... 7.8 5.9 8.1 6.3 5.5 4.2 Maturity (years) ...... 9.3 7.4 5.8 16.9 4.4 7.6 Grace period (years) ...... 3.4 2.6 1.6 4.2 2.1 3.1 Grant element (o) ...... 8.6 14.2 5.9 21.0 13.0 22.2 Memorandum itemis Commiitments ...... 468 287 145 61 140 455 Official creditors ...... 321 226 117 8 85 1 Private creditors ...... 147 61 28 53 55 454 IU. CONTRACTUAL OBLIGATFIONS ON OUiTSTANDING LONG-TERNI DEBT 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 TOTAL Disbursements 311 185 73 34 2 2 1 0 0 0 Principal 150 117 205 207 181 169 159 33 29 24 Interest 55 56 52 42 32 23 15 9 7 5 Official creditors Disbursements 49 25 10 5 2 2 1 0 0 0 Principal 52 55 64 69 66 61 58 28 25 22 Interest 32 30 26 23 18 14 10 7 5 4 Bilateral creditors Disbursements 4 1 0 0 0 0 0 0 0 0 Principal 18 19 20 21 21 16 16 4 4 4 Interest 9 8 7 6 5 4 3 2 2 2 Multilateral creditors Disbursements 46 24 10 5 2 2 1 0 0 0 Principal 34 37 44 48 45 45 42 24 21 19 Interest 23 22 20 17 1 3 10 7 5 3 2 Private creditors Disbursements 262 161 63 29 0 0 0 0 0 0 Principal 98 62 141 138 114 108 101 5 4 2 Interest 24 26 25 20 14 9 5 2 1 1 Commercial banks Disbursements 226 156 61 28 0 0 0 0 0 0 Principal 3 3 94 95 96 94 94 3 2 0 Interest 10 17 18 15 1 1 7 3 0 0 0 Other private Disbursements 36 5 2 1 0 0 0 0 0 0 Principal 95 59 47 43 1 9 14 7 2 2 2 Interest 1 4 9 7 4 3 2 2 1 1 1 98 BELIZE (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 I. SLiNTNIARV 'DEBTr DATA TOTAL DEBT STOCKS (EDT) .. 62.9 154.2 187.6 198.7 200.7 260.5 286.9 454.8 337.6 Long-term debt (LDOD) 4.1 46.9 147.7 176.6 179.5 184.2 220.3 251.5 269.4 282.2 Public and publicly guaranteed 4.1 46.9 136.6 170.2 175.9 182.7 220.3 251.5 269.4 282.2 Private nonguaranteed 0.0 0.0 11.1 6.4 3.6 1.5 0.0 0.0 0.0 0.0 Use of IMF credit 0.0 0.0 0.4 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Short-term debt .. 16.0 6.1 11.0 19.1 16.5 40.2 35.4 185.3 55.4 of which interest arrears on LDOD .. 0.0 0.9 0.9 2.1 2.5 5.1 4.9 3.3 4.9 Official creditors .. 0.0 0.4 0.8 1.0 1.3 2.6 3.2 2.1 3.1 Private creditors .. 0.0 0.5 0.1 1.1 1.2 2.4 1.7 1.3 1.8 Memo: principal arrears on LDOD .. 0.0 2.0 2.2 2.8 6.1 11.4 8.1 8.1 8.5 Official creditors .. 0.0 0.8 2.2 2.3 3.9 5.1 4.1 3.8 4.4 Private creditors .. 0.0 1.2 0.1 0.5 2.1 6.4 4.0 4.4 4.0 Memo: export credits .. 0.0 30.0 31.0 34.0 47.0 41.0 38.0 32.0 30.0 TOTAL DEBT FLOWS Disbursements 4.3 13.7 22.3 38.0 18.5 19.3 31.2 60.5 48.8 36.3 Long-termn debt 4.3 13.7 22.3 38.0 18.5 19.3 31.2 60.5 48.8 36.3 IMF purchases o.o 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal repayments o.o 0.6 12.9 12.8 14.3 18.8 26.2 27.3 25.4 24.7 Long-term debt 0.0 0.6 9.9 12.8 14.3 18.8 26.2 27.3 25.4 24.7 lIF repurchases 0.0 0.0 3.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Net flows on debt 4.3 -8.9 10.2 25.2 11.0 -2.5 26.2 28.5 174.8 -119.9 of which short-term debt .. -22.0 0.8 0.0 6.8 -3.0 21.2 -4.7 151.5 -131.5 Interest payments (INT) .. 3.1 7.2 6.5 7.0 8.3 11.3 12.7 14.1 20.9 Long-term debt 0.0 0.9 6.6 6.1 6.2 7.3 9.9 10.8 9.3 15.1 lIME charges o.o 0.0 0.2 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Short-term debt .. 2.2 0.4 0.4 0.8 0.9 1.4 1.9 4.9 5.8 Net transfers on debt . 12 0 3.0 18.7 4.0 -10.8 14.9 15.8 160.7 -140.8 Total debt service paid (TDS) .. 3.6 20.1 19.3 21.4 27.1 37.5 40.0 39.6 45.6 Long-term debt 0.0 1.5 16.5 18.9 20.5 26.1 36.1 38.1 34.7 39.8 VIMF rePurchases and charges 0.0 0.0 3.2 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Short-term debt (interest only) .. 2.2 0.4 0.4 0.8 0.9 1.4 1.9 4.9 5.8 2.ACGREGATE NET RESOURCE FLO%%S AND NET TRA.NSFERS iLONC-TERNII NET RESOURCE FLOWS 6.1 21.9 33.7 47.5 30.9 28.4 33.0 51.1 44.7 62.7 Net flow of long-term debt (ex.1IMF) 4.3 13.1 12.4 25.2 4.2 0.5 5.0 33.2 23.3 11.6 Foreign direct investment (net) 0.0 0.0 17.0 16.0 9.0 15.0 21.0 15.0 17.0 20.0 Portfolio equity flows 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Grants (excluding technical coup.) 1.8 8.8 4.4 6.3 17.7 13.0 7.0 2.9 4.4 31.1 Memo: technical coup. grants 1.1 2.4 13.0 13.8 16.1 9.2 11.9 10.7 6.9 3.5 official net resource flows 6.1 16.1 11.1 29.7 20.2 15.9 15.7 29.8 19.3 36.5 private net resource flows 0.0 5.8 22.6 17.8 10.7 12.5 17.3 21.3 25.4 26.2 NET TRANSFERS 6.1 21.0 19.7 28.9 12.3 8.3 10.1 28.3 22.4 32.6 Interest on long-term debt 0.0 0.9 6.6 6.1 6.2 7.3 9.9 10.8 9.3 15.1 Profit remittances on FDI 0.0 0.0 7.5 12.4 12.4 12.8 13.0 12.0 13.0 15.0 Memo: official net transfers 6.1 15.2 6.9 25.1 15.0 10.5 8.1 21.4 12.2 26.7 Private net transfers 0.0 5.8 12.8 3.8 -2.7 -2.2 2.0 6.9 10.2 5.9 3. MAJOR ECONOMTIC AGGREGATES Gross national product (GNP) 51.5 192.8 396.0 467.4 507.4 529.6 570.5 607.1 625.9 650.2 Exports of goods &services (XGS) ... 268.9 306.1 301.5 293.5 314.1 328.6 356.5 352.8 of which workers remittances ... 13.7 16.2 13.1 13.0 13.9 13.2 17.8 19.0 Imports of goods & services (MGS) ... 269.2 348.9 366.4 348.0 350.6 353.2 405.4 .429.2 Intemational reserves (RES) .. 12.7 69.8 52.9 38.7 34.5 37.6 58.4 59.4 44.1 Current account balance ... 15.4 -28.6 -48.5 -40.1 -17.2 -6.6 -31.9 -59.8 4. DEBT INDICATORCS EDT I XGS (). .. 57.4 61.3 65.9 68.4 82.9 87.3 127.6 95.7 EDT/GNP(% . 32.6 38.9 40.1 39.2 37.9 45.7 47.3 72.7 51.9 TDS/XGS(% ... 7.5 6.3 7.1 9.2 11.9 12.2 11.1 12.9 INT /XGS (). . 2.7 2.1 2.3 2.8 3.6 3.9 4.0 5.9 I!NT /GNP(% . 1.6 1.8 1.4 1.4 1.6 2.0 2.1 2.3 3.2 RESI/EDT(% . 20.2 45.3 28.2 19.5 17.2 14.4 20.4 13.1 13.1 RES /MGS (months) . . 3.1 1.8 1.3 1.2 1.3 2.0 1.8 1.2 Short-term /EDT (%) .. 25.4 4.0 5.9 9.6 8.2 15.4 12.3 40.7 16.4 Concessional /EDT(% . 48.8 52.5 46.1 42.0 41.6 35.7 41.0 24.9 32.4 Multilateral /EDT (%) .. 35.8 37.4 34.1 31.7 35.4 34.4 31.4 23.2 35.4 99 BELIZE (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 5. LONG-TERN%I DEBT DEBT OUTSTANDING (LDOD) 4.1 46.9 147.7 176.6 179.5 184.2 220.3 251.5 269.4 282.2 Public and publicly guaranteed 4.1 46.9 136.6 170.2 175.9 182.7 220.3 251.5 269.4 282.2 Official creditors 4.1 39.9 118.3 143.1 144.4 151.4 175.8 200.7 210.2 216.7 Multilateral 0.0 22.5 57.7 63.9 63.0 71.0 89.7 90.0 105.4 119.4 Concessional 0.0 19.6 30.1 34.9 34.1 34.5 43.2 40.8 39.0 38.8 Bilateral 4.1 17.4 60.6 79.2 81.4 80.4 86.1 110.7 104.7 97.4 Concessional 0.0 11.1 50.9 51.5 49.3 48.9 49.9 76.9 74.2 70.5 Private creditors 0.0 7.1 18.2 27.1 31.6 31.3 44.5 50.8 59.2 65.5 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 16.4 23.4 22.0 24.3 38.7 47.9 47.7 55.3 Other private 0.0 7.1 1.8 3.7 9.6 7.0 5.8 2.9 11.5 10.2 Private nonguaranteed 0.0 0.0 11.1 6.4 3.6 1.5 0.0 0.0 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 11.1 6.4 3.6 1.5 0.0 0.0 0.0 0.0 Memo: I!BRD 0.0 0.0 17.5 19.2 20.1 25.6 29.5 32.5 39.9 41.4 IDA 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 DISBURSEMENTS 4.3 13.7 22.3 38.0 18.5 19.3 31.2 60.5 48.8 36.3 Public and publicly guaranteed 4.3 13.7 18.0 38.0 18.5 19.3 31.2 60.5 48.8 36.3 Official creditors 4.3 7.8 13.3 31.0 11.8 14.7 25.8 45.0 31.7 22.3 Multilateral 0.0 4.6 5.9 8.9 4.2 10.6 12.4 10.0 26.4 19.0 Concessional 0.0 3.2 2.3 5.4 1.9 1.5 3.4 1.0 2.4 1.7 Bilateral 4.3 3.3 7.5 22.1 7.6 4.1 13.4 35.0 5.3 3.3 Concessional 0.0 0.7 4.6 7.0 0.0 0.0 3.5 30.4 1.8 0.8 Private creditors 0.0 5.8 4.6 7.0 6.7 4.6 5.3 15.5 17.0 14.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 4.6 6.3 0.0 4.6 4.8 15.5 7.0 14.0 Other private 0.0 5.8 0.0 0.8 6.7 0.0 0.5 0.0 10.0 0.0 Private nonguaranteed 0.0 0.0 4.3 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 4.3 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 0.0 3.4 2.4 2.1 6.4 5.6 7.5 12.6 4.0 IDA 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 PRINCIPAL REPAYMENTS 0.0 0.6 9.9 12.8 14.3 18.8 26.2 27.3 25.4 24.7 Public and publicly guaranteed 0.0 0.6 9.0 10.3 11.5 16.7 24.7 27.3 25.4 24.7 Official creditors 0.0 0.5 6.6 7.6 9.3 11.8 17.1 18.2 16.8 16.9 Multilateral 0.0 0.4 2.7 4.1 4.7 5.3 7.2 6.8 6.5 6.1 Concessional 0.0 0.3 1.5 2.0 2.1 2.1 3.2 3.0 2.8 2.5 Bilateral 0.0 0.1 3.9 3.5 4.7 6.5 10.0 11.3 10.4 10.9 Concessional 0.0 0.1 1.1 1.6 1.5 1.6 2.6 4.1 3.7 4.8 Private creditors 0.0 0.1 2.4 2.7 2.2 4.9 7.6 9.1 8.6 7.8 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 2.3 1.8 1.5 2.3 4.7 6.3 7.2 6.4 Other private 0.0 0.1 0.1 0.9 0.7 2.7 2.9 2.9 1.4 1.4 Private nonguaranteed 0.0 0.0 0.9 2.5 2.8 2.1 1.5 0.0 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 0.9 2.5 2.8 2.1 1.5 0.0 0.0 0.0 Memo: IBRD 0.0 0.0 0.6 1.3 1.6 2.3 2.5 2.3 2.3 2.7 IDA 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 NET FLOWS ON DEBT 4.3 13.1 12.4 25.2 4.2 0.5 5.0 33.2 23.3 11.6 Public and publicly guaranteed 4.3 13.1 8.9 27.7 7.0 2.6 6.5 33.2 23.3 11.6 Official creditors 4.3 7.3 6.7 23.4 2.5 2.9 8.7 26.9 14.9 5.4 Multilateral 0.0 4.2 3.1 4.8 -0.4 5.3 5.2 3.2 20.0 13.0 Concessional 0.0 2.8 0.8 3.5 -0.2 -0.6 0.3 -2.0 -0.5 -0.8 Bilateral 4.3 3.1 3.6 18.6 2.9 -2.4 3.5 23.6 -5.1 -7.6 Concessional 0.0 0.7 3.5 5.4 -1.5 -1.6 0.9 26.2 -1.9 -4.0 Private creditors 0.0 5.8 2.2 4.3 4.5 -0.4 -2.2 6.3 8.4 6.2 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commrercial banks 0.0 0.0 2.3 4.5 -1.5 2.3 0.2 9.2 -0. 1 7.6 Other private 0.0 5.8 -0. 1 -0.2 6.0 -2.7 -2.4 -2.9 8.6 -1.4 Private nonguaranteed 0.0 0.0 3.4 -2.5 -2.8 -2.1 -1.5 0.0 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 3.4 -2.5 -2.8 -2.1 -1.5 0.0 0.0 0.0 Memo: IBRD 0.0 0.0 2.8 1.1 0.5 4.1 3.1 5.2 10.3 1.3 IDA 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 100 BELIZE (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 INTEREST PAYMENTS (LINT) 0.0 0.9 6.6 6.1 6.2 7.3 9.9 10.8 9.3 15.1 Public and publicly guaranteed 0.0 0.9 5.6 5.4 5.8 7.2 9.8 10.8 9.3 15.1 Official creditors 0.0 0.9 4.2 4.6 5.2 5.4 7.6 8.4 7.1 9.8 Multilateral 0.0 0.6 2.7 2.8 2.8 2.8 4.0 4.2 3.8 5.2 Concessional 0.0 0.5 1.0 0.9 0.8 0.8 1.1 1.1 0.8 0.8 Bilateral 0.0 0.3 1.5 1.7 2.5 2.6 3.7 4.2 3.3 4.6 Concessional 0.0 0.0 0.6 0.5 0.6 0.6 0.8 1.5 1.1 2.5 Private creditors 0.0 0.0 1.4 0.9 0.6 1.8 2.2 2.4 2.2 5.3 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 1.4 0.5 0.3 1.2 1.6 2.1 2.0 4.2 Other private 0.0 0.0 0.0 0.4 0.2 0.6 0.6 0.4 0.2 1.1 Private nonguaranteed 0.0 0.0 0.9 0.7 0.4 0.1 0.1 0.0 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 0.9 0.7 0.4 0.1 0.1 0.0 0.0 0.0 Memo: IBRD 0.0 0.0 1.1 1.4 1.4 1.5 1.9 2.0 2.1 2.4 IDA 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 NET TRANSFERS ON DEBT 4.3 12.2 5.8 19.1 -2.0 -6.9 -4.9 22.4 14.1 -3.5 Public and publicly guaranteed 4.3 12.2 3.3 22.3 1.2 .4.6 -3.4 22.4 14.1 -3.5 Official creditors 4.3 6.4 2.5 18.8 -2.7 -2.5 1.1 18.5 7.8 -4.4 Multilateral 0.0 3.6 0.4 1.9 -3.2 2.5 1.2 -1.0 16.2 7.7 Concessional 0.0 2.3 -0.3 2.6 -1.0 -1.4 -0.9 -3.1 -1.3 -1.7 Bilateral 4.3 2.9 2.1 16.9 0.4 -5.0 -0.2 19.5 -8.3 -12.2 Concessional 0.0 0.7 3.0 4.8 -2.1 -2.2 0.0 24.7 -3.0 -6.5 Private creditors 0.0 5.8 0.8 3.5 4.0 -2.2 -4.4 3.9 6.2 0.9 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Cormmercial banks 0.0 0.0 1.0 4.0 -1.8 1.1 -1.5 7.1 -2.2 3.3 Other private 0.0 5.8 -0.2 -0.5 5.8 -3.3 -3.0 -3.2 8.4 -2.4 Private nonguaranteed 0.0 0.0 2.5 -3.2 -3.2 -2.2 -1.6 0.0 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Comimercial banks 0.0 0.0 2.5 -3.2 -3.2 -2.2 -1.6 0.0 0.0 0.0 Memo: IBRD 0.0 0.0 1.7 -0.3 -0.9 2.6 1.2 3.2 8.2 -1.1 IDA 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 DEBT SERVICE (LTDS) 0.0 1.5 16.5 18.9 20.5 26.1 36.1 38.1 34.7 39.8 Public and publicly guaranteed 0.0 1.5 14.7 15.7 17.3 23.9 34.5 38.1 34.7 39.8 Official creditors 0.0 1.4 10.8 12.2 14.6 17.2 24.8 26.5 23.9 26.7 Multilateral 0.0 1.0 5.4 6.9 7.4 8.1 11.2 11.0 10.3 11.3 Concessional 0.0 0.9 2.5 2.9 2.9 2.9 4.3 4.1 3.6 3.4 Bilateral 0.0 0.4 5.4 5.3 7.1 9.1 13.6 15.5 13.6 15.4 Concessional 0.0 0.1 1.6 2.1 2.1 2.2 3.5 5.7 4.8 7.3 Private creditors 0.0 0.1 3.8 3.6 2.7 6.7 9.8 11.6 10.8 13.1 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Cormmercial banks 0.0 0.0 3.7 2.3 1.8 3.4 6.3 8.4 9.2 10.7 Other private 0.0 0.1 0.2 1.3 0.9 3.3 3.5 3.2 1.6 2.4 Private nonguaranteed 0.0 0.0 1.8 3.2 3.2 2.2 1.6 0.0 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Cormmercial banks 0.0 0.0 1.8 3.2 3.2 2.2 1.6 0.0 0.0 0.0 Memo: ILBRD 0.0 0.0 1.8 2.7 3.1 3.8 4.4 4.3 4.4 5.1 IDA 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 UNDISBURSED DEBT 0.0 22.7 61.6 53.3 99.7 93.1 97.4 78.7 73.8 97.7 Official creditors 0.0 17.9 50.5 52.0 74.3 78.1 85.6 70.3 66.7 82.7 Private creditors 0.0 4.8 11.1 1.2 25.4 15.0 11.8 8.3 7.0 15.0 Memorandum items Concessional LDOD 0.0 30.7 81.0 86.3 83.4 83.4 93.1 117.7 113.3 109.2 Variable rate LDOD 0.0 0.0 38.6 42.8 39.9 42.8 56.6 57.2 61.4 59.8 Public sector LDOD 4.1 46.9 136.6 170.2 175.9 182.7 220.3 251.5 269.4 282.2 Private sector LDOD 0.0 0.0 11.1 6.4 3.6 1.5 0.0 0.0 0.0 0.0 6. CURRENCIV COMPOSITION OF LONG-TERM DEBT iPERCENTI Deutsche mark 0.0 0.9 0.7 0.4 0.3 0.3 0.2 0.2 0.1 0.1 French franc 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Japanese yen 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Pound sterling 100.0 15.3 23.6 16.7 14.4 13.0 10.3 7.9 6.4 5.5 Swiss franc 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 U.S.dollars 0.0 29.4 45.2 52.4 56.4 55.8 62.4 67.6 68.6 83.6 Multiple currency 0.0 23.4 23.4 19.0 18.3 20.0 17.6 16.0 17.1 2.9 Special drawing rights 0.0 0.0 0.5 0.2 0.7 0.8 0.6 0.5 0.4 0.3 All other currencies 0.0 31.0 6.6 11.3 9.9 10.1 8.9 7.8 7.4 7.6 101 BELIZE (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 7. DEB'T RESTRUCTURINGS Total amount rescheduled ... 0.0 7.3 0.0 0.0 0.0 0.0 0.0 0.0 Debt stock rescheduled ... 0.0 7.3 0.0 0.0 0.0 0.0 0.0 0.0 Principal rescheduled ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Official ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Interest rescheduled ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Official ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Debt forgiven ... 9.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: interest forgiven ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Debt stock reduction ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 of which debt buyback ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 8. DEBT STOCK-FLO%$ RECONCILIATION Total change in debt stocks ... 9.2 16.8 11.0 2.0 59.8 26.4 167.9 -117.1 Net flows on debt 4.3 -8.9 10.2 25.2 11.0 -2.5 26.2 28.5 174.8 -119.9 Net change in interest arrears ... 0.3 0.3 1.3 0.3 2.6 -0. 1 -1.6 1.5 Interest capitalized ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Debt forgiveness or reduction . . -9.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Cross-currency valuation ... 8.2 -7.9 -1.5 4.0 1.1 -1.6 -5.5 1.2 Residual ... -0.3 -0.8 0.3 0.2 30.0 -0.4 0.1 0.0 9. AVERAGE TERMIS OF NEW CONMMITMIENTS ALL CREDITORS Interest (%) 7.0 5.6 5.0 6.2 6.2 5.8 6.0 4.3 6.8 6.5 Maturity (years) 26.0 18.0 10.0 18.3 11.8 14.7 17.6 17.4 15.1 18.2 Grace period (years) 3.0 4.7 2.5 2.7 3.1 4.2 3.9 12.6 4.3 4.4 Grant element (%) 20.7 29.0 21.2 21.5 15.9 22.5 23.0 37.1 20.0 20.8 Official creditors Interest (%) 7.0 4.4 5.0 6.2 6.4 5.8 5.9 5.2 5.0 6.3 Maturity (years) 26.0 25.0 10.0 19.0 16.0 17.6 17.9 20.7 17.7 23.2 Grace period (years) 3.0 6.7 2.5 2.8 4.4 5.2 3.9 15.4 5.3 5.2 Grant element (%) 20.7 43.0 21.2 22.3 19.6 26.4 23.3 38.7 31.8 25.2 Private creditors Interest (%) 0.0 7.2 0.0 7.1 6.0 5.9 8.6 1.8 10.4 6.9 Maturity (years) 0.0 7.7 0.0 5.9 6.6 5.5 4.8 7.0 10.0 9.6 Grace period (years) 0.0 1.7 0.0 1.4 1.6 1.0 0.3 3.5 2.3 2.9 Grant element (%) 0.0 8.6 0.0 7.9 11.4 10.0 2.7 32.0 -2.6 13.2 Memorandum items Commitments 4.3 11.6 5.0 43.8 68.4 23.5 29.2 49.9 46.7 60.1 Official creditors 4.3 6.9 5.0 41.4 37.5 17.8 28.7 37.9 30.7 38.1 Private creditors 0.0 4.7 0.0 2.4 30.9 5.6 0.5 12.0 16.0 22.0 10. CONTRACT'UAL OBLIGATIONS ON OUrTSTALNDING LONG-TERMT DEBT 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 TOTAL Disbursements 31.8 26.6 16.1 9.6 5.8 3.6 2.0 0.9 0.8 0.4 Principal 26.3 29.4 31.2 28.7 28.7 25.4 22.4 21.2 25.3 16.3 Interest 16.2 16.2 15.6 14.5 13.3 12.0 10.5 9.2 8.0 6.4 Official creditors Disbursements 21.4 22.7 15.2 9.6 5.8 3.6 2.0 0.9 0.8 0.4 Principal 18.1 19.0 18.0 19.4 19.4 19.1 17.8 16.7 16.6 14.8 Interest 11.7 11.9 11.8 11.4 10.8 9.9 9.0 8.1 7.2 6.3 Bilateral creditors Disbursements 3.8 3.5 2.4 1.7 1.2 0.7 0.5 0.5 0.4 0.2 Principal 8.5 8.0 7.5 7.8 7.5 6.8 5.7 5.4 5.4 5.0 Interest 4.2 4.0 3.7 3.5 3.2 3.0 2.7 2.5 2.3 2.1 Multilateral creditors Disbursements 17.7 19.3 12.8 8.0 4.6 2.9 1.5 0.4 0.4 0.2 Principal 9.6 11.0 10.5 11.6 11.9 12.3 12.1 11.3 11.3 9.8 Interest 7.5 7.9 8.1 7.9 7.5 7.0 6.3 5.6 4.9 4.2 Private creditors Disbursements 10.3 3.8 0.9 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal 8.2 10.4 13.1 9.3 9.3 6.3 4.6 4.6 8.7 1.4 Interest 4.5 4.3 3.8 3.1 2.6 2.0 1.5 1.1 0.8 0.1 Commnercial banks Disbursements 10.3 3.8 0.9 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal 8.1 10.4 12.3 8.5 8.5 5.5 3.8 3.8 3.3 1.4 Interest 3.5 3.3 2.8 2.2 1.8 1.3 0.9 0.6 0.3 0.1 Other private Disbursements 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal 0.1 0.1 0.8 0.8 0.8 0.8 0.8 0.8 5.4 0.0 Interest 1.0 1.0 1.0 0.9 0.8 0.7 0.7 0.6 0.5 0.0 102 BENIN (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 1. SLUMMNARI' DEBT DA*TA TOTAL. DEBT STOCKS (EDT) 424 1,292 1,373 1,447 1,589 1,614 1,594 1,624 1,647 Long-term debt (LDOD) 41 334 1,219 1,324 1,371 1,487 1.483 1,448 1,393 1,469 Public and publicly guaranteed 41 334 1,219 1,324 1,371 1,487 1,483 1,448 1,393 1,469 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Use of IMF credit 0 16 18 22 43 71 84 99 95 94 Short-term debt 73 55 27 33 31 47 47 136 85 of which interest arrears on LDOD 5 21 9 13 8 8 8 8 7 Official creditors 0 19 8 12 7 7 7 7 6 Private creditors 5 2 1 1 1 1 1 1 1 Memo: principal arrears on LDOD .. 14 78 68 70 72 71 72 71 73 Official creditors ..1 69 65 67 68 67 68 68 69 Private creditors 1 3 9 4 4 4 4 4 3 4 Memo: export credits 0 303 237 215 144 174 150 125 98 TOTAL DEBT FLOWS Disbursements 2 71 120 81 103 130 115 128 57 62 Long-termndebt 2 62 120 81 81 104 101 109 51 62 IMF purchases 0 10 0 0 22 26 14 20 6 0 Principal repayments 1 6 21 15 18 21 26 28 32 35 Long-term debt 1 6 19 1 5 18 20 24 26 28 29 IMFrepurchases 0 0 2 0 0 1 2 2 4 5 Net flows on debt 1 42 92 39 87 112 105 101 114 -23 of which short-term debt -24 -8 -27 2 3 16 0 89 -50 Interest payments (INT) 14 18 13 14 20 24 18 23 26 Long-tenrmdebt 0 3 14 11 12 19 21 16 18 21 IMFcharges 0 0 0 0 0 0 0 1 1 1 Short-termndebt I11 4 2 1 1 2 2 4 5 Net transfers on debt .. 27 74 26 73 92 81 82 91 -49 Total debt service paid (TDS) .. 20 38 28 32 41 50 46 55 61 Long-term debt 2 9 33 26 3 1 39 46 42 46 50 IMFErepurchases and charges 0 0 2 0 0 1 2 3 5 6 Short-term debt (interest only) 1 1 4 2 1 1 2 2 4 5 2. AGGREGATE NET RESOLURCE. FLOW%SAND NET TRANSFERS tLONG-TERNI i NET RESOURCE FLOWS 17 101 213 239 206 197 227 _ 242 175 186 Net flow of long-term debt (ex. IMF) 1 56 102 65 63 84 77 83 23 32 Foreign direct investmnent (net) 7 4 1 7 10 5 1 36 27 34 Portfolio equity flows 0 0 0 0 0 0 0 0 0 0 Grants (excluding technical coop.) 9 41 110 166 134 108 149 123 126 120 Memo: technical coop. grants 6 26 5 55 56 52 61 67 78 67 official net resource flows 9 97 212 232 196 192 226 206 148 152 private net resource flows 8 4 1 7 10 5 1 36 27 34 NET TRANSFERS 13 96 199 228 194 178 206 226 158 165 Interest on long-termndebt 0 3 14 1 1 12 19 21 16 18 21 Profit remittances on FDI 4 3 0 0 0 0 0 0 0 0 Memo: official net transfers 9 95 198 221 184 173 205 190 131 132 private net transfers 4 1 1 7 10 5 1 36 27 34 3. NIAJOR ECONOMIC AGGREGATES Gross national product (GNP) 330 1,402 1,806 1,579 2,066 1,462 1,965 2,176 2,111 2,280 Expor-tsof goods &services (XGS) .. 318 465 666 681 641 730 772 632 571 of which workers rem-ittances .. 77 89 130 103 82 92 81 67 Imports of goods & services (MGS) .. 428 492 774 769 655 926 806 795 814 Intemational reserves (RES) 16 15 69 249 248 262 202 266 256 261 Current account balance .. 36 24 5 16 85 -83 -41 -154 -157 4. DEBT INDICATORS EDT /XGS(% . 133.1 277.9 206.2 212.6 247.9 221.0 206.7 256.9 288.6 EDT /GNP(% . 30.2 71.5 87.0 70.0 108.7 82.1 73.3 76.9 72.2 TDS / XGS (% . 6.4 8.2 4.2 4.7 6.4 6.8 5.9 8.7 10.6 INT /XGS (% . 4.5 3.8 1.9 2.1 3.2 3.2 2.4 3.6 4.5 INT /GNP(% . 1.0 1.0 0.8 0.7 1.4 1.2 0.8 1.1 1.1 RES /EDT(% . 3.5 5.4 18.1 17.2 16.5 12.5 16.7 15.8 15.9 RES /MGS (months) . 0.4 1.7 3.9 3.9 4.8 2.6 4.0 3.9 3.9 Short-term /EDT (%) .. 17.3 4.3 2.0 2.3 1.9 2.9 2.9 8.4 5.1 Concessional / EDT (% . 39.2 78.1 80.5 80.5 79.9 77.7 81.1 77.9 81.0 Multilateral /EDT (%) .. 24.5 41.6 45.9 47.2 49.0 54.0 56.6 53.6 56.6 103 BENIN (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 5. LONG-TERMI DEBT DEBT OUTSTANDING (LDOD) 41 334 1,219 1,324 1,371 1,487 1,483 1,448 1,393 1,469 Public and publicly guaranteed 41 334 1,219 1,324 1,371 1,487 1,483 1,448 1,393 1,469 Official creditors 29 217 1,202 1,319 1,368 1,483 1,479 1,445 1,390 1,465 Multilateral 0 104 537 630 683 779 871 902 871 933 Concessional 0 84 497 595 653 755 847 878 852 904 Bilateral 29 113 665 689 685 704 608 543 519 533 Concessional 29 82 512 510 512 515 407 415 413 429 Private creditors 11 118 17 5 4 4 4 4 3 4 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 0 0 Other private 11 118 17 5 4 4 4 4 3 4 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Comnmercial banks 0 0 0 0 0 0 0 0 0 0 Memo: IBRD 0 0 0 0 0 0 0 0 0 0 IDA 0 52 326 389 418 464 498 520 510 543 DISBURSEMENTS 2 62 120 81 81 104 101 109 51 62 Public and publicly guaranteed 2 62 120 81 81 104 101 109 51 62 Official creditors 2 58 120 81 81 104 101 109 51 62 Multilateral 0 24 91 71 71 95 84 81 42 45 Concessional 0 19 82 67 69 91 79 77 41 34 Bilateral 1 35 29 9 10 9 18 27 9 17 Concessional 1 16 29 9 10 9 18 27 9 17 Private creditors 1 4 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 0 0 Other private 1 4 0 0 0 0 0 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 0 0 Memo: IBRD 0 0 0 0 0 0 0 0 0 0 IDA 0 12 56 33 30 29 31 41 20 20 PRINCIPAL REPAYMENTS 1 6 19 15 18 20 24 26 28 29 Public and publicly guaranteed 1 6 19 15 18 20 24 26 28 29 Official creditors 1 2 18 15 18 20 24 26 28 29 Multilateral 0 1 18 13 16 13 17 16 18 18 Concessional 0 0 7 6 10 9 12 12 14 15 Bilateral 1 2 0 2 2 7 8 10 10 I1I Concessional 1 1 0 2 2 3 3 3 4 5 Private creditors 0 3 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Conunercial banks 0 0 0 0 0 0 0 0 0 0 Other private 0 3 0 0 0 0 0 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 0 0 Memo: IBRD 0 0 0 0 0 0 0 0 0 0 IDA 0 0 1 2 2 3 3 3 4 4 NET FLOWS ON DEBT 1 56 102 65 63 84 77 83 23 32 Public and publicly guaranteed 1 56 102 65 63 84 77 83 23 32 Official creditors 0 56 102 65 63 84 77 83 23 32 Multilateral 0 23 73 58 55 82 67 65 24 27 Concessional 0 19 75 60 59 82 67 65 27 19 Bilateral 0 33 29 7 8 3 10 18 -2 5 Concessional 0 15 29 7 8 7 15 25 4 12 Private creditors 1 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 0 0 Other private 1 0 0 0 0 0 0 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Comimercial banks 0 0 0 0 0 0 0 0 0 0 Memo: IBRD 0 0 0 0 0 0 0 0 0 0 IDA 0 12 55 31 28 26 28 37 16 16 104 BENIN (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 INTEREST PAYMENTS (LINT) 0 3 14 11 12 19 21 16 18 21 Public and publicly guaranteed 0 3 14 11 12 19 21 16 18 21 Official creditors 0 2 14 11 12 19 21 16 18 21 Multilateral 0 1 13 8 9 8 9 9 10 10 Concessional 0 1 6 5 6 6 7 8 9 8 Bilateral 0 1 1 3 4 11 13 7 8 11 Concessional 0 0 1 2 3 3 4 2 3 4 Private creditors 0 1 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Coimnercial banks 0 0 0 0 0 0 0 0 0 0 Other private 0 1 0 0 0 0 0 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 0 0 Memo: IIBRD 0 0 0 0 0 0 0 0 0 0 IDA 0 0 2 3 3 3 4 4 4 4 NET TRANSFERS ON DEBT 1 53 88 54 50 66 56 67 5 12 Public and publicly guaranteed 1 53 88 54 50 66 56 67 5 12 Official creditors 0 54 88 55 50 66 56 67 5 12 Multilateral 0 21 60 50 47 74 58 56 14 17 Concessional 0 18 69 55 53 76 60 57 18 11 Bilateral 0 33 28 4 4 -8 -3 11 -9 -5 Concessional 0 15 28 5 5 4 11 23 2 8 Private creditors 1 -1 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Conmmercial banks 0 0 0 0 0 0 0 0 0 0 Other private 1 -1 0 0 0 0 0 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commnercial banks 0 0 0 0 0 0 0 0 0 0 Memo: IBRD 0 0 0 0 0 0 0 0 0 0 IDA 0 12 53 29 25 23 24 34 12 12 DEBT SERVICE (LTDS) 2 9 33 26 31 39 46 42 46 50 Public and publicly guaranteed 2 9 33 26 31 39 46 42 46 50 Official creditors 2 4 32 26 30 39 46 42 46 50 Multilateral 0 2 31 21 24 21 25 25 28 28 Concessional 0 1 13 11 16 15 18 20 23 23 Bilateral 2 2 1 5 6 18 21 16 18 22 Concessional 2 1 1 4 5 5 6 4 7 9 Private creditors 0 4 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 0 0 Other private 0 4 0 0 0 0 0 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Comimercial banks 0 0 0 0 0 0 0 0 0 0 Memo: IBRD 0 0 0 0 0 0 0 0 0 0 IDA 0 0 3 4 5 6 7 7 8 8 UNDISBURSED DEBT 15 532 414 486 409 358 368 356 318 377 Official creditors 15 154 414 486 409 358 368 356 318 377 Private creditors 0 379 0 0 0 0 0 0 0 0 Memorandum items Concessional LDOD 29 166 1,009 1,105 1,165 1,270 1,253 1,293 1,265 1,333 Variable rate LDOD 0 2 26 104 101 109 120 15 13 14 Public sector LDOD 41 334 1,219 1,324 1,371 1,487 1,483 1,448 1,393 1,469 Private sector LDOD 0 0 0 0 0 0 0 0 0 0 6. CIURRENCY COMPOSITION OF LONG-TERMN DEBT (PERCENTI Deutsche mark 5.2 0.3 0.3 0.2 0.2 0.2 0.3 0.2 0.2 0.2 French franc 16.8 27.2 18.7 21.4 20.4 20.0 13.1 10.1 9.2 8.5 Japanese yen 0.0 0.0 0.0 0.0 0.0 0.0 0.0 1.1 1.0 2.2 Pound sterling 0.0 0.0 0.9 0.4 0.4 0.4 0.4 0.3 0.3 0.3 Swiss franc 0.0 0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 U.S.dollars 6.7 18.9 50.8 49.7 50.0 49.3 51.8 54.1 55.3 54.6 Multiple currency 0.0 6.7 7.3 9.8 10.4 11.0 13.6 14.6 14.5 14.7 Special drawing rights 0.0 0.0 1.9 1.8 1.8 1.9 1.9 2.0 2.0 1.9 All other currencies 71.3 46.8 20.1 16.7 16.8 17.2 18.9 17.6 17.5 17.6 105 BENIN (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 7. DEBT RESTRLiCTLURINGS Total amount rescheduled 12 71 12 6 6 129 0 0 Debt stock rescheduled 0 0 0 0 0 120 0 0 Principal rcscheduled 9 4 2 2 0 0 0 0 Official 4 3 2 2 0 0 0 0 Private ..5 1 0 0 0 0 0 0 Interest rescheduled 1 10 4 4 3 6 0 0 Official 0 10 4 4 3 6 0 0 Private 1 0 0 0 0 0 0 0 Debt forgiven 122 2 1 5 137 0 1 0 Memo: interest forgiven 3 2 3 2 2 4 0 0 Debt stock reduction 0 0 0 0 0 80 0 0 of which debt buybaek 0 0 0 0 0 0 0 0 S. DEBT STOCK-FLOW RECONCILL4,11ON Total change in debt stocks 50 49 74 142 25 -20 30 23 Net flows on debt 1 42 92 39 87 112 105 101 114 -23 Net change in interest arrears .. -8 -8 4 -5 0 0 0 -1 Interest capitalized 1 10 4 4 3 6 0 0 Debt forgiveness or reduction -122 -2 -1 -5 -137 -80 -1 0 Cross-currency valuation 56 -31 -27 28 30 -19 -33 21 Residual 31 41 9 8 24 -29 -49 26 9. AVSERAGE TERAIS OF NEWv CommiTMENTS ALL CREDITORS Interest (%) 1.8 8.3 1.3 1.3 0.9 0.8 1.3 1.1 1.8 1.9 Maturity (years) 32.0 11.7 39.2 37.7 26.3 40.5 33.1 35.0 23.9 33.1 Graceeperiod (years) 7.0 3.7 8.4 9.5 9.1 9.9 8.7 9.2 6.8 8.7 Grant element (%) 59.9 8.9 72.0 73.5 70.9 79.7 70.4 74.1 57.3 65.5 Official creditors Interest (%) 1.1 4.4 1.3 1.3 0.9 0.8 1.3 1.1 1.8 1.9 Maturity (years) 36.0 26.1 39.2 37.7 26.3 40.5 33.1 35.0 23.9 33.1 Grace period (years) 8.0 5.3 8.4 9.5 9.1 9.9 8.7 9.2 6.8 8.7 Grant element (%) 67.7 40.7 72.0 73.5 70.9 79.7 70.4 74.1 57.3 65.5 Private creditors Interest (%) 6.0 8.8 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Maturity (years) 7.5 9.9 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Grace period (years) 0.5 3.5 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Grant element (%) 11.7 4.8 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memorandum items Commitments 7 448 85 123 25 57 ill 120 39 115 Officilacreditors 6 51 85 123 25 57 ill 120 39 115 Private creditors 1 397 0 0 0 0 0 0 0 0 10. CONTRACTUAL OBLIGATIONS ON OUTSTANDING LONG-TERMI DEBT 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 TOTAL Disbursements 86 100 74 51 32 17 11 4 2 0 Principal 42 40 34 40 66 66 68 71 72 74 Interest 21 21 21 21 21 20 19 18 17 16 Official creditors Disbursements 86 100 74 5 1 32 17 1 1 4 2 0 Principal 42 40 34 40 66 66 68 7 1 72 74 Interest 21 21 21 21 21 20 1 9 1 8 17 16 Bilateral creditors Disbursements 5 6 4 3 2 1 1 1 0 0 Principal 17 14 7 8 34 32 32 33 33 34 Interest 10 10 9 9 9 8 8 7 7 6 Multilateral creditors Disbursements 82 94 70 48 30 16 10 3 2 0 Principal 25 26 28 3 1 32 34 36 38 39 40 Interest 10 1 1 12 12 12 1 1 1 1 10 10 9 Private creditors Disbursements 0 0 0 0 0 0 0 0 0 0 Principal 0 0 0 0 0 0 0 0 0 0 Interest 0 0 0 0 0 0 0 0 0 0 Commercial banks Disbursements 0 0 0 0 0 0 0 0 0 0 Principal 0 0 0 0 0 0 0 0 0 0 Interest 0 0 0 0 0 0 0 0 0 0 Other private Disbursements 0 0 0 0 0 0 0 0 0 0 Principal 0 0 0 0 0 0 0 0 0 0 Interest 0 0 0 0 0 0 0 0 0 0 106 BHUTAN (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993- 1994 1995 1996 1997 1998 1. SU'M .IAtJR DEBT DATA TOTAL DEBT STOCKS (EDT) ... 83.5 89.2 96.6 104.5 105.8 113.7 120.3 119.6 Long-term debt (LDOD) ... 80.3 88.3 94.9 103.8 105.2 113.6 118.3 119.6 Public and publicly guaranteed ... 80.3 88.3 94.9 103.8 105.2 113.6 118.3 119.6 Private nonguaranteed ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Use of IMF credit 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Short-term debt ... 3.3 0.9 1.7 0.7 0.6 0.1 2.0 0.0 of which interest arrears on LDOD ... 0.3 0.6 0.7 0.7 0.6 0.0 0.0 0.0 Official creditors ... 0.3 0.6 0.7 0.7 0.6 0.0 0.0 0.0 Private creditors ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: principal arrears on LDOD ... 1.5 2.9 2.1 1.3 0.2 0.0 0.0 0.0 Official creditors ... 1.5 2.9 2.1 1.3 0.2 0.0 0.0 0.0 Private creditors ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: export credits ... 17.0 14.0 20.0 17.0 25.0 23.0 15.0 12.0 TOTAL DEBT FLOWS Disbursements . . 8.4 10.7 11.8 10.8 9.9 15.2 16.8 6.5 Long-term debt ... 8.4 10.7 11.8 10.8 9.9 15.2 16.8 6.5 IMF purchases 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal repayments . . 2.9 4.1 4.6 5.1 7.2 4.3 4.9 7.0 Long-termn debt ... 2.9 4.1 4.6 5.1 7.2 4.3 4.9 7.0 EMF repurchases 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Net flowis on debt . . 6.5 5.9 7.9 4.7 2.7 11.0 13.8 -2.5 of which short-term debt ... 1.0 -0.7 0.7 -1.0 0.0 0.1 1.9 -2.0 Interest payments (INT) . . 2.3 1.8 2.5 2.4 2.6 2.6 2.4 2.2 Long-termn debt ... 2.0 1.8 2.4 2.4 2.6 2.6 2.3 2.2 IMF charges 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Short-term debt ... 0.2 0.0 0.1 0.0 0.0 0.0 0.1 0.0 Net transfers on debt . . 4.2 4.1 5.4 2.2 0.1 8.3 11.4 -4.7 Total debt service paid (TDS) . . 5.2 5.9 7.1 7.5 9.8 6.9 7.2 9.2 Long-term debt ... 5.0 5.9 7.0 7.5 9.8 6.9 7.1 9.2 IME repurchases and charges 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Shor-t-termn debt (interest only) ... 0.2 0.0 0.1 0.0 0.0 0.0 0.1 0.0 2. AGGREGATE NE T RESOURCE FLO%~SAIND N ET TRAN-SFE RS i LONG-TE RAIi NET RESOURCE FLOWS . . 22.4 38.8 42.0 48.1 42.0 37.1 44.0 27.7 Net flow of long-term debt (ex. IMF) ... 5.5 6.6 7.2 5.7 2.7 10.9 11.9 -0.5 Foreign direct investment (net) ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Portfolio equity flows ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Grants (excluding technical coop.) ... 16.9 32.2 34.9 42.5 39.3 26.3 32.1 28.3 Memo: technical coop. grants ... 24.7 20.7 25.7 26.5 27.0 27.6 23.5 19.7 official net resource flows . . 25.0 41.2 44.3 50.4 44.3 39.4 46.3 30.0 private net resource flows ... -2.6 -2.4 -2.3 -2.3 -2.3 -2.3 -2.3 -2.3 NET TRANSFERS ... 20.4 37.0 39.6 45.7 39.4 34.5 41.7 25.6 Interest on long-term debt ... 2.0 1.8 2.4 2.4 2.6 2.6 2.3 2.2 Profit remittances on FDI ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: official net transfers ... 24.6 40.6 43.0 48.8 42.3 37.3 44.3 28.0 private net transfers ... -4.2 -3.6 -3.4 -3.1 -2.9 -2.8 -2.6 -2.4 3. N%LMOR ECONOMI1C AGGREGATES Gross national product (GNP) ... 266.0 216.1 211.8 250.7 270.2 295.4 367.3 372.6 Exports of goods &services (XGS) ... 94.9 85.7 91.6 83.7 90.2 120.8 121.2 145.9 of which workers remittances ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Imports of goods &services (MGS) ... 122.9 110.4 161.9 130.4 132.3 163.8 183.3 203.0 Intemnational reserves (RES) ... 86.0 77.9 .. 115.2 124.3 184.0 181.2 249.6 Cuffent account balance ... -28.0 -24.7 -70.3 -40.0 -34.1 -37.2 -56.2 -46.6 4. DEBT INDICATORS EDT /XGS(% . . 88.0 104.1 105.5 124.9 117.3 94.1 99.3 82.0 EDT /GNP(% ... 31.4 41.3 45.6 41.7 39.2 38.5 32.8 32.1 TDS / XGS ()... 5.5 6.9 7.8 9.0 10.9 5.7 5.9 6.3 INT /XGS(% ... 2.4 2.1 2.7 2.9 2.9 2.2 2.0 1.5 INT /GNP(% ... 0.9 0.8 1.2 1.0 1.0 0.9 0.7 0.6 RES /EDT(% ... 103.0 87.3 .. 110.2 117.5 161.8 150.6 208.7 RES /MGS (months) ... 8.4 8.5 .. 10.6 11.3 13.5 11.9 14.8 Short-term/ EDT (%) ... 4.0 1.0 1.8 0.7 0.6 0.1 1.7 0.0 Concessional /EDT ()... 74.0 83.9 86.5 90.7 93.0 96.0 96.4 100.0 Multilateral /EDT (%) . . 50.2 56.6 56.6 59.5 64.5 61.3 61.1 67.9 107 BHUTAN (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 5. LONG-TERMI DEBI' DEBT OUTSTANDING (LDOD) ... 80.3 88.3 94.9 103.8 105.2 113.6 118.3 119.6 Public and publicly guaranteed . . 80.3 88.3 94.9 103.8 105.2 113.6 11WA 119.6 Official creditors .. 61.8 74.7 83.6 94.8 98.4 109.1 1 i' 119.6 Multilateral ... 41.9 50.5 54.7 62.2 68.2 69.7 '.581.2 Concessional ... 41.9 50.5 54.7 62.2 68.2 69.7 73.5 81.2 Bilateral ... 19.9 24.3 28.9 32.6 30.2 39.5 42.5 38.4 Concessional ... 19.9 24.3 28.9 32.6 30.2 39.5 42.5 38.4 Private creditors ... 18.5 13.6 11.3 9.0 6.8 4.5 2.3 0.0 Bonds ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commnercial banks ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Other private ... 18.5 13.6 11.3 9.0 6.8 4.5 2.3 0.0 Private nonguaranteed ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 0.0 0.0 16.1 17.7 18.6 20.9 22.5 22.8 22.5 23.9 DISBURSEMENTS . . 8.4 10.7 11.8 10.8 9.9 15.2 16.8 6.5 Public and publicly guaranteed . . 8.4 10.7 11.8 10.8 9.9 15.2 16.8 6.5 Official creditors ... 8.4 10.7 11.8 10.8 9.9 15.2 16.8 6.5 Multilateral ... 7.2 4.2 4.0 4.8 5.8 4.8 9.2 5.6 Concessional ... 7.2 4.2 4.0 4.8 5.8 4.8 9.2 5.6 Bilateral ... 1.2 6.5 7.8 6.0 4.1 10.3 7.5 0.9 Concessional ... 1.2 6.5 7.8 6.0 4.1 10.3 7.5 0.9 Private creditors ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Other private ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private nonguaranteed . . 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commnercial banks ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 0.0 0.0 2.0 0.6 0.9 1.3 1.2 1.4 1.1 0.7 PRINCIPAL REPAYMENTS . . 2.9 4.1 4.6 5.1 7.2 4.3 4.9 7.0 Public and publicly guaranteed . . 2.9 4.1 4.6 5.1 7.2 4.3 4.9 7.0 Official creditors ... 0.3 1.7 2.4 2.8 4.9 2.0 2.6 4.8 Multilateral ... 0.0 0.1 0.2 0.6 0.6 0.8 0.9 1.0 Concessional ... 0.0 0.1 0.2 0.6 0.6 0.8 0.9 1.0 Bilateral ... 0.3 1.6 2.2 2.2 4.3 1.2 1.7 3.8 Concessional ... 0.3 1.6 2.2 2.2 4.3 1.2 1.7 3.8 Private creditors ... 2.6 2.4 2.3 2.3 2.3 2.3 2.3 2.3 Bonds ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Other private ... 2.6 2.4 2.3 2.3 2.3 2.3 2.3 2.3 Private nonguaranteed . . 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 0.0 0.0 0.0 0.0 0.0 0.1 0.1 0.2 0.2 0.2 NET FLOWS ON DEBT . . 5.5 6.6 7.2 5.7 2.7 10.9 11.9 -0.5 Public and publicly guaranteed ... 5.5 6.6 7.2 5.7 2.7 10.9 11.9 -0.5 Official creditors ... 8.1 9.0 9.4 7.9 5.0 13.1 14.2 1.7 Multilateral ... 7.2 4.1 3.8 4.2 5.3 4.0 8.4 4.6 Concessional ... 7.2 4.1 3.8 4.2 5.3 4.0 8.4 4.6 Bilateral ... 0.9 4.9 5.6 3.7 -0.3 9.1 5.8 -2.9 Concessional ... 0.9 4.9 5.6 3.7 -0.3 9.1 5.8 -2.9 Private creditors . . -2.6 -2.4 -2.3 -2.3 -2.3 -2.3 -2.3 -2.3 Bonds ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Other private ... -2.6 -2.4 -2.3 -2.3 -2.3 -2.3 -2.3 -2.3 Private nonguaranteed ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 0.0 0.0 2.0 0.6 0.9 1.3 1.1 1.2 0.9 0.5 108 BHUTAN (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 INTEREST PAYMENTS (LINT) ... 2.0 1.8 2.4 2.4 2.6 2.6 2.3 2.2 Public and publicly guaranteed ... 2.0 1.8 2.4 2.4 2.6 2.6 2.3 2.2 Official creditors ... 0.4 0.6 1.3 1.6 2.0 2.1 2.0 2.0 Multilateral ... 0.3 0.4 0.5 0.5 0.6 0.7 0.6 0.7 Concessional ... 0.3 0.4 0.5 0.5 0.6 0.7 0.6 0.7 Bilateral ... 0.1 0.2 0.8 1.1 1.4 1.5 1.3 1.4 Concessional ... 0.1 0.2 0.8 1.1 1.4 1.5 1.3 1.4 Private creditors ... 1.6 1.2 1.1 0.8 0.6 0.5 0.3 0.1 Bonds ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Other private ... 1.6 1.2 1.1 0.8 0.6 0.5 0.3 0.1 Private nonguaranteed ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commnercial banks ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 0.0 0.0 0.1 0.1 0.1 0.1 0.2 0.2 0.2 0.2 NET TRANSFERS ON DEBT . . 3.5 4.9 4.8 3.2 0.1 8.3 9.6 -2.7 Public and publicly guaranteed . . 3.5 4.9 4.8 3.2 0.1 8.3 9.6 -2.7 Official creditors ... 7.7 8.4 8.1 6.3 3.0 11.0 12.2 -0.3 Multilateral ... 6.9 3.6 3.3 3.7 4.7 3.4 7.7 4.0 Concessional ... 6.9 3.6 3.3 3.7 4.7 3.4 7.7 4.0 Bilateral ... 0.8 4.8 4.8 2.6 -1.7 7.6 4.5 -4.3 Concessional ... 0.8 4.8 4.8 2.6 -1.7 7.6 4.5 -4.3 Private creditors ... -4.2 -3.5 -3.3 -3.1 -2.9 -2.7 -2.6 -2.4 Bonds ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commnercial banks ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Other private ... -4.2 -3.5 -3.3 -3.1 -2.9 -2.7 -2.6 -2.4 Private nonguaranteed ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commnercial banks ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 0.0 0.0 1.9 0.5 0.8 1.1 0.9 1.0 0.8 0.4 DEBT SERVICE (LTDS) . . 5.0 5.9 7.0 7.5 9.8 6.9 7.1 9.2 Public and publicly guaranteed . . 5.0 5.9 7.0 7.5 9.8 6.9 7.1 9.2 Official creditors ... 0.7 2.3 3.7 4.5 6.9 4.2 4.6 6.8 Multilateral ... 0.3 0.6 0.7 1.1 1.2 1.5 1.5 1.7 Concessional ... 0.3 0.6 0.7 1.1 1.2 1.5 1.5 1.7 Bilateral ... 0.4 1.7 3.0 3.3 5.7 2.7 3.1 5.1 Concessional ... 0.4 1.7 3.0 3.3 5.7 2.7 3.1 5.1 Private creditors ... 4.2 3.5 3.3 3.1 2.9 2.7 2.6 2.4 Bonds . . 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks . . 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Other private ... 4.2 3.5 3.3 3.1 2.9 2.7 2.6 2.4 Private nonguaranteed ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commnercial banks . . 0.0 0.0 0.0 0.0 0.0 0.0 C. 0 0.0 Memo: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 0.0 0.0 0.1 0.1 0.1 0.2 0.3 0.3 0.3 0.4 UNDISBURSED DEBT ... 48.4 64.9 49.3 44.9 57.6 40.1 20.4 41.5 Official creditors ... 48.4 64.9 49.3 44.9 57.6 40.1 20.4 41.5 Private creditors ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memorandum items Concessional LDOD ... 61.8 74.7 83.6 94.8 98.4 109.1 116.0 11J9.6 Variable rate LDOD . . 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Public sector LDOD ... 80.3 88.3 94.9 103.8 105.2 113.6 118.3 119.6 Private sector LDOD .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 6. CLJRRENCI'CONMPOSITION OF LONG-TER.M DEBT (PERCENT) Deutsche mark . . 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 French franc ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Japanese yen ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Pound sterling ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Swiss franc ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 U.S.dollars . . 43.1 36.2 32.3 29.6 28.5 24.7 21.5 22.5 Multiple currency ... 22.8 27.1 27.2 28.7 31.5 30.0 32.5 34.6 Special drawing rights ... 9.3 10.2 10.7 11.1 12.1 11.2 10.7 11.4 All other cuffencies ... 24.8 26.5 29.8 30.6 27.9 34.1 35.3 31.5 109 BHUTAN (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 7. DEBI RESTRIiCTU-RINGS Total amount rescheduled ... 0.0 0.0 0.0 0.0 0.0 0.7 0.0 0.0 Debt stock rescheduled ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal rescheduled .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Official ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Interest rescheduled ... 0.0 0.0 0.0 0.0 0.0 0.3 0.0 0.0 Official ... 0.0 0.0 0.0 0.0 0.0 0.3 0.0 0.0 Private . . 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Debt forgiven ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: interest forgiven ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Debt stock reduction ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 of which debt buyback ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 8. DEBT STOCK-FLOW RECONCILIATION Total change in debt stocks ... 9.7 2.9 7.4 7.9 1.3 8.0 6.6 -0.7 Net flows on debt . . 6.5 5.9 7.9 4.7 2.7 11.0 13.8 -2.5 Net change in interest arrears . . 0.3 0.1 0.1 0.0 -0. 1 -0.6 0.0 0.0 Interest capitalized . . 0.0 0.0 0.0 0.0 0.0 0.3 0.0 0.0 Debt forgiveness or reduction ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Cross-currency valuation ... 0.6 -1.5 -1.7 0.6 -1.7 -1.0 -3.9 -0.4 Residual ... 2.3 -1.7 1.2 2.6 0.4 -1.7 -3.3 2.2 9. AVERAGE TERMS OF NEWV CONMITMrNENTS ALL CREDITORS Interest (%) ... 0.0 4.4 0.7 1.0 1.3 0.0 0.0 2.1 Maturity (years) ... 0.0 18.4 39.9 39.6 33.4 0.0 0.0 39.6 Grace period (years) ... 0.0 5.1 10.4 10.1 11.3 0.0 0.0 10.1 Grant element (%) ... 0.0 35.4 80.8 78.2 73.8 0.0 0.0 68.8 Official creditors Interest (%) ... 0.0 4.4 0.7 1.0 1.3 0.0 0.0 2.1 Maturity (years) ... 0.0 18.4 39.9 39.6 33.4 0.0 0.0 39.6 Grace period (years) ... 0.0 5.1 10.4 10.1 11.3 0.0 0.0 10.1 Grant element (%) ... 0.0 35.4 80.8 78.2 73.8 0.0 0.0 68.8 Private creditors Interest (%) ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Maturity (years) ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Grace period (years) . . 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Grant element (%) . . 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memorandum items Commitments .. 0.0 48.0 5.4 5.4 24.0 0.0 0.0 27.9 Official creditors .. 0.0 48.0 5.4 5.4 24.0 0.0 0.0 27.9 Private creditors .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 10. CONTRACTUAL OBLIGATIONS ON OUJTSTANDING LONG-TERM DEBT 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 TOTALI Disbursements 11.1 10.5 7.9 5.3 3.4 2.1 1.2 0.2 0.0 0.0 Principal 5.0 5.0 5.2 5.3 5.3 5.0 4.8 5.7 6.2 4.4 Interest 2.1 2.0 1.9 1.7 1.6 1.4 1.3 1.4 1.4 1.3 Official creditors Disbursements 11.1 10.5 7.9 5.3 3.4 2.1 1.2 0.2 0.0 0.0 Principal 5.0 5.0 5.2 5.3 5.3 5.0 4.8 5.7 6.2 4.4 Interest 2.1 2.0 1.9 1.7 1.6 1.4 1.3 1.4 1.4 1.3 Bilateral creditors Disbursements 3.6 2.2 1.4 0.6 0.3 0.1 0.0 0.0 0.0 0.0 Principal 3.9 3.9 3.9 3.9 3.9 3.3 2.8 3.2 3.5 1.2 Interest 1.3 1.1 1.0 0.8 0.7 0.5 0.4 0.2 0.1 0.0 Multilateral creditors Disbursements 7.5 8.2 6.6 4.7 3.1 1.9 1.2 0.2 0.0 0.0 Principal 1.2 1.2 1.3 1.3 1.4 1.7 2.0 2.5 2.7 3.2 Interest 0.9 0.9 0.9 0.9 0.9 0.9 0.9 1.2 1.2 1.3 Private creditors Disbursements 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Interest 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commrercial banks Disbursements 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Interest 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Other private Disbursements 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Interest 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 110 BOLIVIA (US$ millionz, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 I. SUMNINARY 'DEBT DATA TOTAL DEBT STOCKS (EDT) 2,702 4,275 4,235 4,307 4,877 5,282 5,200 5,248 6,078 Long-term debt (LDOD) 491 2,274 3,864 3,810 3,879 4,313 4,707 4,550 4,570 4,551 Public and publicly guaranteed 480 2,182 3,687 3,669 3,695 4,122 4,468 4,265 4,144 4,307 Private nonguaranteed 11 92 177 140 184 191 239 285 426 245 Use of IMF credit 6 126 257 249 221 264 268 276 248 264 Short-term debt 303 154 176 207 300 307 374 430 1,262 of which interest arrears on LDOD 3 6 11 14 34 20 26 4 3 Officialicreditors 2 2 2 3 21 7 14 4 3 Private creditors 1 4 9 11 13 13 12 0 0 Memo: principal arrears on LDOD 22 31 18 39 103 40 64 37 37 Official creditors 15 9 8 20 82 21 50 18 19 Private creditors 7 22 10 19 20 19 14 18 18 Memo: export credits 0 794 723 606 602 634 514 488 387 TOTAL DEBT FLOWS Disbursements 58 553 331 445 369 437 519 497 671 372 Long-term debt 58 457 300 394 369 393 494 448 648 326 IMF purchases 0 96 31 51 0 44 26 49 23 46 Principal repayments 19 145 241 167 195 188 199 230 263 277 Long-termn debt 19 145 196 130 166 173 173 199 229 236 RIMFrepurchases 0 0 46 37 29 1 5 26 32 34 41 Net flows on debt 130 180 32 313 203 322 341 329 486 928 of which short-term debt .. -228 -57 35 28 73 20 62 78 833 Interest payments (INT) -- 220 144 121 139 160 173 183 212 192 Long-term debt 7 173 117 109 127 148 155 163 190 145 IMFcharges 0 3 13 4 2 1 1 2 1 1 Short-termndebt .. 45 14 7 10 11 17 17 21 46 Net transfers on debt -- -40 -112 192 64 162 168 146 273 737 Total debt service paid (TDS) -- 366 385 288 334 348 372 413 475 468 Long-termndebt 26 319 313 239 293 321 328 362 418 381 RAF repurchases and charges 0 3 59 41 31 16 28 34 36 42 Short-term debt (interest only) .. 45 14 7 10 11 17 17 21 46 2. AGG REGATE NE r RESSOURC E FL.O%S AND NET TRANSFERS i LONG-TERM, NET RESOURCE FLOWS -34 407 333 621 524 647 1,023 1,115 1,447 1,194 Net flow of long-term debt (ex. IIM 39 312 104 264 203 221 321 249 419 90 Foreign direct investment (net) -76 47 27 93 145 145 374 474 731 872 Portfolio equity flows 0 0 0 0 0 0 0 0 0 0 Grants (excluding technical coop.) 3 48 202 264 175 281 327 392 297 232 Memo: technical coop. grants 9 41 115 174 190 190 217 195 199 184 official net resource flows 39 204 330 536 367 496 608 596 505 334 private net resource flows -73 203 3 85 157 151 415 519 942 860 NET TRANSFERS -59 214 199 492 371 469 835 912 1,214 990 Interest on long-term debt 7 173 117 109 127 148 155 163 190 145 Profit remittances onFDI 17 19 17 20 26 30 33 40 43 60 Memo: official net transfers 35 161 230 441 258 367 474 448 357 197 private net transfers -94 53 -30 51 113 102 360 464 858 793 3. M%AJOR ECONOMI%C AGGREGATES Gross national product (GNP) ... 4,627 5,315 5,530 5,793 6,495 7,361 7,765 8,343 Exports of goods & services (XGS) .. 1,046 998 792 907 1,201 1,264 1,344 1,516 1,551 of which workers remittances ..0 2 1 1 1 2 2 2 64 Imports of goods & services (MGS) .. 1,112 1,354 1,567 1,649 1,554 1,809 1,968 2,388 2,490 International reserves (RES) 46 553 511 480 572 793 1,005 1,302 1,359 1,155 Current account balance .. -6 -199 -534 -506 -90 -303 -380 -551 -673 4. DEBT INDICATORS EDT /XGS(% . 258.4 428.6 535.0 474.9 406.0 417.9 387.0 346.1 391.9 EDT /GNP(% ... 92.4 79.7 77.9 84.2 81.3 70.7 67.6 72.8 TDS /XGS(% . 35.0 38.6 36.4 36.8 28.9 29.4 30.7 31.3 30.2 INT /XGS (% . 21.1 14.4 15.3 15.4 13.3 13.7 13.6 14.0 12.4 INT /GNP(% ... 3.1 2.3 2.5 2.8 2.7 2.5 2.7 2.3 RES /EDT(% . 20.5 12.0 11.3 13.3 16.3 19.0 25.0 25.9 19.0 RES /MGS (months) .. 6.0 4.5 3.7 4.2 6.1 6.7 7.9 6.8 5.6 Short-term /EDT (%) .. 11.2 3.6 4.2 4.8 6.2 5.8 7.2 8.2 20.8 Concessional /EDT (% . 24.6 44.2 44.7 49.9 49.8 51.6 56.4 56.5 52.9 Multilateral /EDT (%) .. 16.6 37.2 43.2 46.4 46.7 48.8 50.7 51.1 44.3 BOLIVIA (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 5. LONG-TERMI DEBT DEBT OUTSTANDING (LDOD) 491 2,274 3,864 3,810 3,879 4,313 4,707 4,550 4,570 4,551 Public and publicly guaranteed 480 2,182 3,687 3,669 3,695 4,122 4,468 4,265 4,144 4,307 Official creditors 275 1,110 3,362 3,393 3,611 4,040 4,396 4,219 4,102 4,260 Multilateral 26 447 1,589 1,828 1,998 2,276 2,579 2,636 2,681 2,692 Concessional 26 178 882 989 1,096 1,231 1,397 1,534 1,685 1,790 Bilateral 249 663 1,773 1,565 1,613 1,764 1,817 1,583 1,421 1,569 Concessional 239 487 1,006 903 1,052 1,197 1,327 1,397 1,280 1,423 Private creditors 205 1,072 325 276 84 83 73 46 42 46 Bonds 67 73 35 35 18 17 17 17 9 9 Commercial banks 2 603 213 190 19 22 19 13 13 18 Other private 136 395 77 51 47 43 37 16 20 19 Private nonguaranteed 11 92 177 140 184 191 239 285 426 245 Bonds 0 0 0 0 0 0 0 0 0 0 Comimercial banks 11 92 177 140 184 191 239 285 426 245 Memo: IBRD 0 175 194 146 129 116 95 61 37 26 IDA 18 64 393 464 547 648 770 843 930 1,045 DISBURSEMENTS 58 457 300 394 369 393 494 448 648 326 Public and publicly guaranteed 55 441 300 391 319 369 427 357 379 316 Official creditors 45 198 291 388 317 360 427 349 371 309 Multilateral 2 108 204 249 228 301 382 284 356 250 Concessional 2 28 90 80 105 130 174 188 227 193 Bilateral 43 91 86 139 89 59 45 65 14 58 Concessional 33 31 85 110 86 57 45 63 14 55 Private creditors 10 242 9 4 2 8 0 8 8 7 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 55 0 1 2 8 0 1 2 6 Other private 10 187 9 2 0 0 0 6 6 1 Private nonguaranteed 3 16 0 2 51 25 67 91 269 11 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 3 16 0 2 51 25 67 91 269 11 Memo: IBRD 0 73 0 0 0 0 0 0 0 0 IDA 2 2 49 55 66 80 113 100 136 88 PRINCIPAL REPAYMENTS 19 145 196 130 166 173 173 199 229 236 Public and publicly guaranteed 17 126 172 126 160 154 155 155 168 209 Official creditors 9 43 163 116 125 145 147 145 162 207 Multilateral 2 7 117 87 99 110 120 135 152 193 Concessional 2 1 14 15 17 20 22 24 26 26 Bilateral 7 36 46 29 26 35 27 10 10 14 Concessional 5 15 9 4 3 9 3 2 4 9 Private creditors 8 84 9 10 35 9 8 9 6 3 Bonds 0 1 0 0 0 0 0 0 3 0 Comimercial banks 1 49 4 3 30 5 4 6 2 1 Other private 7 33 6 7 5 4 4 3 2 2 Private nonguaranteed 2 19 24 4 7 19 18 44 61 27 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 2 19 24 4 7 19 18 44 61 27 Memo: IBRD 0 3 21 22 23 24 27 25 19 13 IDA 0 0 2 2 2 2 2 3 4 6 NET FLOWS ON DEBT 39 312 104 264 203 221 321 249 419 90 Public and publicly guaranteed 38 315 128 266 159 215 273 203 211 106 Official creditors 36 156 128 272 192 215 280 204 209 102 Multilateral 0 101 87 162 129 191 263 149 205 58 Concessional 0 28 77 66 88 110 152 164 201 167 Bilateral 36 55 41 110 63 24 18 55 4 44 Concessional 28 17 76 106 83 48 42 62 11 46 Private creditors 2 159 0 -6 -33 0 -8 -2 2 4 Bonds 0 -1 0 0 0 0 0 0 -3 0 Commercial banks -1 6 -4 -2 -28 3 -4 -5 1 5 Other private 3 154 3 -4 -5 -4 -4 3 4 -1 Private nonguaranteed 1 -3 -24 -2 44 6 49 47 208 -16 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 1 -3 -24 -2 44 6 49 47 208 -16 Memo: IZBRD 0 70 -21 -22 -23 -24 -27 -25 -19 -13 IDA 2 2 47 54 64 77 ill 97 132 82 112 BOLIVIA (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 INTEREST PAYMENTS (LINT) 7 173 117 109 127 148 155 163 190 145 Public and publicly guaranteed 7 164 103 98 112 132 137 150 150 138 Official creditors 4 43 101 95 109 130 133 148 149 137 Multilateral 1 21 69 78 86 90 100 104 100 93 Concessional 1 2 10 13 13 16 17 18 20 22 Bilateral 3 21 32 17 24 40 33 44 49 44 Concessional 3 1 1 6 9 13 22 24 33 41 37 P-ivate creditors 3 121 2 3 3 3 4 1 1 1 Bonds 1 3 0 0 0 0 0 0 0 0 Comimercial banks 0 96 1 1 1 1 1 1 0 0 Other private 2 22 2 2 2 2 3 1 1 1 Private nonguaranteed 1 9 14 12 15 16 19 14 40 6 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 1 9 14 12 15 16 19 1 4 40 6 Memo: IBRD 0 10 15 14 12 1 1 9 7 4 3 IDA 0 1 3 3 4 4 6 5 6 7 NET TRANSFERS ON DEBT 32 138 -13 155 76 73 166 86 230 -55 Public and publicly guaranteed 31 151 25 168 47 82 136 53 61 -32 Official creditors 33 113 28 177 83 85 147 56 60 -35 Multilateral 0 79 1 8 85 43 101 163 45 105 -35 Concessional 0 25 66 53 75 94 135 147 181 146 Bilateral 33 34 9 92 39 -16 -16 1 1 -45 0 Concessional 26 6 71 97 70 26 1 8 28 -31 9 Private creditors -1 38 -3 -9 -35 -3 -11 -3 1 3 Bonds -1 -4 0 0 0 0 0 0 -3 0 Commercial banks -1 -90 -4 -3 -29 2 -5 -6 1 5 Other private 1 132 2 -6 -7 -6 -7 3 3 -2 Private nonguaranteed 0 -12 -38 -13 29 -10 30 33 168 -22 Bonds 0 0 0 0 0 0 0 0 0 0 Commnercial banks 0 -12 -38 -13 29 -10 30 33 168 -22 Memo: IBRD 0 60 -36 -35 -35 -35 -36 -32 -24 -16 IDA 2 1 45 50 60 73 105 92 126 75 DEBT SERVICE (LTDS) 26 319 313 239 293 321 328 362 418 381 Public and publicly guaranteed 23 290 275 224 272 286 291 304 318 348 Official creditors 1 3 85 263 211 234 275 280 293 310 344 Multilateral 3 28 186 165 185 200 220 239 252 286 Concessional 3 3 24 28 30 36 39 41 46 48 Bilateral 10 57 77 46 49 75 60 54 59 58 Concessional 7 25 1 4 13 16 3 1 27 35 45 46 Private creditors 1 1 205 1 2 13 38 12 1 1 1 1 7 4 Bonds 1 4 0 0 0 0 0 0 3 0 Commercial banks 1 145 4 4 3 1 6 5 7 2 1 Other private 8 56 8 9 7 6 7 4 3 3 Private nonguaranteed 3 28 38 16 22 34 37 58 101 33 Bonds 0 0 0 0 0 0 0 0 0 0 Comimercial banks 3 28 38 16 22 34 37 58 101 33 Memo: ]IBRD 0 13 36 35 35 35 36 32 24 16 IDA 0 1 4 5 6 7 8 8 10 13 UNDISBURSED DEBT 72 954 1,123 1,208 1,040 1,195 1,446 1,345 1,108 1,257 Official creditors 66 804 1,107 1,191 1,026 1,189 1,432 1,330 1,097 1,238 Private creditors 6 150 1 6 1 7 14 7 14 14 1 2 1 9 Memorandum items Concessional LDOD 265 665 1,888 1,891 2,147 2,428 2,724 2,931 2,964 3,212 Variable rate LDOD 1 1 719 918 810 656 734 850 761 897 690 Public sector LDOD 467 2,166 3,687 3,669 3,695 4,122 4,468 4,265 4,144 4,307 Private sector LDOD 24 107 177 140 184 191 239 285 426 245 6. CUJRRENCY COMPOSITION OF LONG-TERMI DEBT (PERCENT? Deutsche mark 2.3 6.8 7.0 8.9 9.2 9.6 10.0 9.6 8.5 9.1 French franc 0.1 0.8 2.2 2.3 2.2 2.2 2.1 1.4 1.3 1.4 Japanese yen 0.0 1.7 10.0 11.8 14.0 14.0 13.1 12.2 11.3 12.1 Pound sterling 0.0 2.0 0.9 0.7 0.7 0.6 0.7 0.5 0.5 0.4 Swiss franc 0.0 0.3 0.7 0.8 0.1 0.1 0.0 0.0 0.0 0.0 U.S.dollars 85.9 65.1 41.3 33.2 30.6 31.0 32.8 35.2 37.3 39.1 Multiple currency 11.7 18.1 29.4 33.4 35.1 34.4 33.6 34.1 34.7 31.2 Special drawing rights 0.0 0.0 0.0 0.0 0.0 0.0 0.1 0.1 0.1 0.2 All other currencies 0.0 5.2 8.5 8.9 8.1 8.1 7.6 6.9 6.3 6.5 113 BOLIVIA (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 7. DEBT RES1TRUCTU RINGS Total amount rescheduled 153 125 115 0 196 433 301 0 Debt stock rescheduled 0 0 0 0 0 0 0 0 Principal rescheduled 81 70 71 0 138 427 300 0 Official 69 62 70 0 137 420 300 0 Private 12 8 1 0 1 7 0 0 Interest rescheduled 63 54 40 0 46 4 0 0 Official 59 52 39 0 46 4 0 0 Private 4 2 1 0 1 1 0 0 Debt forgiven .. 92 60 55 17 74 181 83 15 Memo: interest forgiven 60 6 1 0 8 0 12 0 Debt stock reduction 20 20 171 0 0 0 0 0 of which debt buyback 4 2 27 0 0 0 0 0 8. DEBT STOCK-FL-OW RECONCILIATION Total change in debt stocks 143 174 72 570 405 -81 47 830 Net flows on debt 130 180 32 313 203 322 341 329 486 928 Net change in interest arrears .. -44 -4 3 20 -14 5 -22 0 Interest capitalized 63 54 40 0 46 4 0 0 Debt forgiveness or reduction -109 -77 -198 -17 -74 -181 -83 -15 Cross-currency valuation ... 135 -62 9 165 48 -132 -149 113 Residual ... 65 -50 16 80 57 -107 -185 -197 9. AVERAGE TERMIS OF NEWV CONULMTTMlEN YS ALL CREDITORS Interest(%) 1.9 8.4 4.2 3.0 3.2 3.4 3.8 1.8 4.8 1.5 Maturity (years) 47.7 15.5 29.1 30.3 25.2 28.2 28.7 31.7 19.3 36.2 Grace period (years) 4.0 4.5 7.9 9.0 7.4 7.3 7.7 8.7 5.4 9.9 Grant element (%) 66.6 13.0 47.8 56.9 51.3 51.2 49.7 63.1 35.2 71.5 Official creditors Interest (%) 1.8 8.1 4.1 3.0 3.2 3.4 3.8 1.8 4.8 1.5 Maturity (years) 48.2 21.5 29.4 30.5 25.2 28.2 28.9 32.5 19.8 37.1 Grace period (years) 4.0 5.3 7.9 9.0 7.4 7.3 7.8 9.0 5.5 10.1 Grant element (%) 67.4 20.4 48.3 56.9 51.3 51.2 50.0 64.3 36.0 72.5 Private creditors Interest (%) 12.0 8.7 9.4 2.2 0.0 0.0 6.7 0.3 5.5 1.5 Maturity (years) 5.5 10.1 5.8 18.5 0.0 0.0 5.4 6.9 6.0 9.4 Grace period (years) 3.5 3.9 1.5 7.0 0.0 0.0 1.0 0.6 1.3 5.3 Grant element (%) -6.9 6.4 1.0 52.9 0.0 0.0 8.0 27.7 12.6 43.9 Memorandum items Comm-itments 24 370 549 420 156 501 677 291 190 450 Official creditors 24 176 542 413 156 501 671 281 183 436 Private creditors 0 194 7 7 0 0 6 9 6 1 5 10. CONTRACTu'A.L OBLIG.AT IONS ON OUTSTANDING; LONG-TERM! DEBT 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 TOTAL Disbursements 385 346 220 151 89 42 21 2 1 0 Principal 231 241 231 247 249 234 222 212 206 175 Interest 163 159 149 140 127 115 104 96 88 80 Offcial creditors Disbursements 377 339 216 151 89 42 21 2 1 0 Principal 198 207 199 216 219 203 191 181 175 171 Interest 141 141 134 126 117 107 99 93 86 80 Bilateral creditors Disbursements 46 34 21 12 6 3 1 0 0 0 Principal 27 35 41 44 50 49 49 49 47 48 Interest 45 47 46 45 45 44 43 41 40 39 Multilateral creditors Disbursements 331 305 196 139 83 40 19 2 1 0 Principal 172 172 158 173 169 154 142 132 128 123 Interest 97 94 88 8 1 72 63 56 52 46 41 Private creditors Disbursements 8 7 3 1 0 0 0 0 0 0 Principal 33 34 32 30 30 3 1 3 1 3 1 3 1 3 Interest 21 1 8 15 13 10 8 6 3 2 0 Commercial banks Disbursements 3 1 0 0 0 0 0 0 0 0 Principal 2 2 2 2 2 1 1 1 1 1 Interest 0 1 0 0 0 0 0 0 0 0 Other private Disbursements 5 6 3 1 0 0 0 0 0 0 Principal 32 32 30 28 28 30 30 30 30 3 Interest 2 1 1 7 1 5 1 3 10 8 6 3 2 0 114 BOSNIA AND HERZEGOVINA (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 1. SUMNI ARI DEBT DArA TOTAL DEBT STOCKS (EDT) .. .. .. .. .. .. . Long-term debt (LDOD) .. .. .. .. .. .. .. Public and publicly guaranteed .. .. .. .. Private nonguaranteed .. .. .. .. .. Use of IMF credit .. .. .. 28 30 48 45 41 77 Short-term debt .. .. .. .. 2 39 31 73 57 81 of which interest arrears on LDOD .. Official creditors .. .. .. Private creditors .. .. .. Memo: principal arrears on LDOD .. .. .. .. .. Official creditors Private creditors .. .. .. Memo: export credits .. .. 91 166 144 208 197 259 TOTAL DEBT FLOWS Disbursements .. .. .. .. .. .. .. Long-term debt .. .. IMF purchases .. .. .. 0 0 46 0 0 33 Principal repayments .. .. .. .. .. .. .. Long-term debt .. .. .. .. .. .. .. IMF repurchases .. .. .. .. 0 0 28 2 1 0 Net flows on debt .. .. .. of which short-term debt .. .. .. .. .. .. .. Interest payments (INT) .. .. .. .. .. .. .. Long-term debt .. .. IMF charges .. .. .. .. 0 0 5 2 2 3 Short-term debt .. .. .. .. .. .. .. Net transfers on debt .. .. .. .. .. .. .. Total debt service paid (TDS) .. .. .. .. .. .. .. Long-term debt .. .. .. .. .. .. .. lIMF repurchases and charges .. .. .. .. 0 0 33 4 3 3 Short-term debt (interest only) .. .. .. .. .. .. .. 2. AGGREGATE NET RESOUlRCE FLO%'S AND NET TRANSFERS (LONG-TERM I NET RESOURCE FLOWS .. .. .. .. .. .. .. Net flow of long-term debt (ex. IMF) .. .. .. .. .. .. ... Foreign direct investment (net) .. .. .. .. .. .. .. Portfolio equity flows .. .. .. .. .. .. .. Grants (excluding technical coop.) .. .. .. .. 32 384 863 635 700 469 Memo: technical coop. grants .. .. .. .. 0 7 61 86 76 239 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 .. .. .. .. 3. 'MAJOR EC ONOMIIC AGGREGATES Gross national product (GNP) Exports of goods & services (XGS) of which workers remittances Imports of goods & services (MGS) International reserves (RES) Current account balance 4. DEBT INDICATORS EDT / XGS(%) EDT / GNP(%) TDS / XGS(%) INT / XGS(% INT / GNP(% RES / EDT(%) RES / MGS (months) Short-term / EDT (%) Concessional / EDT (%) Multilateral / EDT (%) 115 BOSNIA AND HERZEGOVINA (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 5. LONG-TERM%l DEBT DEBT OUTSTANDING (LDOD) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Comnercial banks Memo: IBRD 424 452 472 589 566 581 IDA 0 0 0 109 167 312 DISBURSEMENTS Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Conmmercial banks Other private Private nonguaranteed Bonds Commercial banks Memo: IBRD 0 0 0 0 0 0 IDA 0 0 0 110 65 135 PRINCIPAL REPAYMENTS Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Comrnercial banks Other private Private nonguaranteed Bonds Commercial banks Memo: IBRD 0 0 0 25 0 0 IDA 0 0 0 0 0 0 NET FLOWS ON DEBT Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Conmmercial banks Other private Private nonguaranteed Bonds Commercial banks Memo: IBRD 0 0 0 -25 0 0 IDA 0 0 0 110 65 135 116 BOSNIA AND HERZEGOVINA (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 INTEREST PAYMENTS (LINT) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Conimercial banks Other private Private nonguaranteed Bonds Commercial banks Memo: IBRD 0 0 0 180 36 35 IDA 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 Conmnercial banks Memo: IBRD 0 0 0 -205 -36 -35 IDA 0 0 0 110 64 134 DEBT SERVICE (LTDS) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Conunercial banks Other private Private nonguaranteed Bonds Conunercial banks Memo: IBRD 0 0 0 205 36 35 IDA 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 CONIPOSITION OF LONG-TERM DEBT (PERCENT) Deutsche mark French franc Japanese yen Pound sterling Swiss franc U.S.dollars Multiple currency Special drawing rights All other currencies 117 BOSNIA AND HERZEGOVINA (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 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 .. .. .. .. S. DEBT STOCK-FLOW RECONCILLTION 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. AVERAGE TERMIS OF NEW COMMITM ENTS 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 .. .. .. 10. CONTRACTUAL OBLIGATIONS ON OUTSTANDING LONG-TERMI DEBT j Y 2,,,000 .i '1 21') Z' 'fli 2)4 2 5't' '006 2uvu? 2006 TOTAL Disbursements .. .. .. Principal .. .. .. .. .. .. .. Interest............... Official creditors Disbursements .. .. .. .. .. .. .. Principal .. .. .. .. .. .. .. Interest............... Bilateral creditors Disbursements .. .. .. .. .. .. Principal .. .. .. .. .. .. .. Interest............... Multilateral creditors Disbursements 28 23 14 9 6 3 2 0 0 0 Principal 3 3 8 26 26 26 26 28 33 36 Interest 42 42 41 41 39 37 36 34 32 31 Private creditors Disbursements .. .. .. .. .. .. Principal .. .. .. .. .. .. .. Interest Commercial banks Disbursements .. .. .. .. .. .. .. Principal............... Interest Other private Disbursements .. .. .. .. .. .. Principal .. .. .. .. .. .. Interest 118 BOTS WANA (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 I. SUMM% AR N DEBT DATA TOTAL DEBT STOCKS (EDT) .. 146.7 563.0 611.8 659.6 688.7 703.4 613.5 562.0 548.2 Long-term debt (LDOD) 17.4 142.7 557.2 605.5 651.8 677.5 693.2 607.5 522.0 508.2 Public and publicly guaranteed 17.4 142.7 557.2 605.5 651.8 677.5 693.2 607.5 522.0 508.2 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Use of IMF credit 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Short-term debt .. 4.0 5.8 6.3 7.8 11.2 10.2 6.0 40.0 40.0 of which interest arrears on LDOD .. 0.0 2.6 3.1 4.6 7.8 6.2 0.0 0.0 0.0 Official creditors .. 0.0 1.3 1.0 1.6 2.3 0.2 0.0 0.0 0.0 Private creditors .. 0.0 1.3 2.1 3.0 5.5 6.0 0.0 0.0 0.0 Memo: principal arrears on LDOD .. 0.0 2.7 7.7 7.4 12.6 8.9 0.0 0.0 0.0 Official creditors .. 0.0 0.9 6.6 6.2 6.7 2.9 0.0 0.0 0.0 Private creditors .. 0.0 1.8 1.1 1.2 5.9 6.0 0.0 0.0 0.0 Memo: export credits .. 0.0 128.0 115.0 99.0 102.0 85.0 74.0 85.0 78.0 TOTAL DEBT FLOWS Disbursements 5.7 27.5 29.7 84.4 101.9 52.0 65.9 28.1 22.0 20.0 Long-term debt 5.7 27.5 29.7 84.4 101.9 52.0 65.9 28.1 22.0 20.0 IME purchases 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal repayments 0.2 6.4 67.0 62.0 56.8 61.9 64.6 73.2 74.5 53.3 Long-term debt 0.2 6.4 67.0 62.0 56.8 61.9 64.6 73.2 74.5 53.3 IMF repurchases 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Net flows on debt 5.6 8.1 -37.2 22.4 45.1 -9.7 1.9 -43.1 -18.4 -33.3 of which short-term debt .. -13.0 0.1 0.0 0.0 0.2 0.6 2.0 34.0 0.0 Interest payments (INT) .. 9.1 39.4 35.9 33.3 30.9 27.7 78.5 29.2 25.3 Long-term debt 0.4 7.6 39.2 35.7 33.1 30.7 27.5 78.2 27.8 23.0 IMEF charges 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Short-termn debt .. 1.5 0.2 0.2 0.2 0.2 0.2 0.3 1.4 2.3 Net transfers on debt .. 1.0 -76.6 -13.5 11.8 -40.6 -25.8 -121.6 -47.7 .58.6 Total debt service paid (TDS) .. 15.4 106.4 97.9 90.1 92.8 92.3 151.7 103.7 78.6 Long-term debt 0.6 13.9 106.2 97.7 89.9 92.6 92.1 151.4 102.3 76.3 IMF repurchases and charges 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Short-term debt (interest only) .. 1.5 0.2 0.2 0.2 0.2 0.2 0.3 1.4 2.3 2. AGGREGATE NET RESOLURCE FLO%%S AND NET TRANSFERS tLONG-TERMI NET RESOURCE FLOWS 14.9 183.3 136.0 73.0 -189.7 9.3 99.9 56.0 88.7 106.9 Net flow of long-term debt (ex. IMF 5.6 21.1 -37.3 22.4 45.1 -9.9 1.3 -45.1 -52.4 -33.3 Foreign direct investment (net) 0.0 111.6 95.0 -2.0 -287.0 -14.0 70.0 71.0 100.0 95.0 Portfolio equity flows 0.0 0.0 0.0 0.0 0.0 0.1 0.0 0.1 0.0 0.0 Grants (excluding technical coop.) 9.3 50.6 78.4 52.6 52.2 33.1 28.5 30.0 41.2 45.2 Memo: technical coop. grants 2.7 47.5 60.7 57.3 56.7 45.0 51.4 37.0 41.0 31.7 official net resource flows 12.0 68.9 59.5 77.7 68.0 25.2 36.1 -6.5 -6.3 16.4 private net resource flows 2.9 114.4 76.5 -4.7 -257.7 -15.9 63.8 62.5 95.0 90.5 NET TRANSFERS 14.5 68.2 -200.9 -247.7 -472.8 -301.4 -227.6 -332.2 -279.2 -216.0 Interest on long-term debt 0.4 7.6 39.2 35.7 33.1 30.7 27.5 78.2 27.8 23.0 Profit remittances on FDI 0.0 107.5 297.7 285.0 250.0 280.0 300.0 310.0 340.0 300.0 Memo: official net transfers 11.6 62.3 23.3 44.2 36.0 -4.3 11.6 -76.2 -31.8 -5.0 private net transfers 2.9 5.9 -224.2 -291.9 -508.8 -297.1 -239.2 -256.0 -247.4 -211.0 3. MAJOR EC:ONOMtIC AGGREGATES Gross national product (GNP) 101.0 1,097.4 3,659.9 4,259.6 4,470.3 4,179.6 4,866.5 4,869.1 4,797.2 4,631.5 Exports of goods & services (XGS) .. 747.5 2,421.1 2,475.3 2,468.0 2,291.2 2,903.8 2,890.5 3,652.1 2,939.0 of which workers remittances .. 0.0 ... .. . 8.3 0.1 0.4 Imports of goods & services (MGS) .. 953.5 2,508.9 2,346.4 2,041.9 2,141.4 2,565.3 2,566.1 3,132.0 3,008.7 Intemnational reserves (RES) .. 343.7 3,385.3 3,844.6 4,153.1 4,462.4 4,764.4 5,097.6 5,740.4 6,025.2 Current accounthbalance .. -151.1 -19.3 197.7 426.9 211.6 299.7 495.0 721.5 170.1 4. DEBT INDICATORS EDT /XGS (% . 19.6 23.3 24.7 26.7 30.1 24.2 21.2 15.4 18.7 EDT /GNP(% . 13.4 15.4 14.4 14.8 16.5 14.5 12.6 11.7 11.8 TDS /XGS (0/P. 2.1 4.4 4.0 3.7 4.1 3.2 5.3 2.8 2.7 INT /XGS( .. 1.2 1.6 1.5 1.4 1.4 1.0 2.7 0.8 0.9 INT /GNP( .. 0.8 1.1 0.8 0.7 0.7 0.6 1.6 0.6 0.6 RES/EDT(%)'. 234.3 601.3 628.4 629.6 647.9 677.3 830.9 1,021.4 1,099.1I RES / MGS (months) .. 4.3 16.2 19.7 24.4 25.0 22.3 23.8 22.0 24.0 Short-termn/ EDT (%) .. 2.7 1.0 1.0 1.2 1.6 1.5 1.0 7.1 7.3 Concessional /EDT (%) .. 40.5 32.8 38.2 40.0 42.6 48.3 52.5 51.6 54.0 Multilateral /EDT (%) .. 57.5 69.6 75.7 72.0 72.2 69.1 70.5 68.1 67.8 119 BOTSWANA (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 5. LONG-TERM DEBr DEBT OUTSTANDING (LDOD) 17.4 142.7 557.2 605.5 651.8 677.5 693.2 607.5 522.0 508.2 Public and publicly guaranteed 17.4 142.7 557.2 605.5 651.8 677.5 693.2 607.5 522.0 508.2 Official creditors 14.2 134.9 529.8 584.7 603.9 627.5 646.3 571.6 494.4 484.0 Multilateral 5.2 84.3 391.6 463.2 475.0 497.2 486.0 432.5 382.5 371.5 Concessional 5.2 31.5 112.7 153.1 170.5 194.3 206.1 202.0 192.2 194.0 Bilateral 8.9 50.6 138.2 121.6 128.9 130.2 160.2 139.2 111.8 112.5 Concessional 6.0 27.9 71.9 80.3 93.6 98.8 133.7 120.3 97.6 101.8 Private creditors 3.2 7.8 27.4 20.8 47.9 50.0 47.0 35.9 27.6 24.2 Bonds 2.6 2.5 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 10.5 10.0 38.6 42.0 40.3 33.6 25.8 22.4 Other private 0.6 5.3 16.9 10.8 9.3 8.0 6.7 2.3 1.8 1.8 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 50.0 155.2 129.3 124.7 113.6 96.3 68.8 47.1 36.2 IDA 5.2 15.6 13.6 12.9 12.4 12.0 11.5 11.0 10.6 10.1 DISBURSEMENTS 5.7 27.5 29.7 84.4 101.9 52.0 65.9 28.1 22.0 20.0 Public and publicly guaranteed 5.7 27.5 29.7 84.4 101.9 52.0 65.9 28.1 22.0 20.0 Official creditors 2.8 24.7 29.7 84.4 71.5 52.0 65.9 28.1 22.0 20.0 Multilateral 1.6 15.5 23.2 79.3 57.1 45.7 21.9 26.2 20.3 17.9 Concessional 1.6 5.8 14.1 16.4 25.8 26.8 13.0 13.0 11.5 6.7 Bilateral 1.2 9.2 6.5 5.1 14.4 6.3 44.0 1.9 1.7 2.1 Concessional 1.2 2.7 3.9 4.8 14.1 6.1 44.0 1.9 1.7 2.1 Private creditors 2.9 2.8 0.0 0.0 30.4 0.0 0.0 0.0 0.0 0.0 Bonds 2.6 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 0.0 0.0 30.4 0.0 0.0 0.0 0.0 0.0 Other private 0.3 2.8 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 9.7 7.0 4.8 12.4 1.1 0.6 0.0 0.0 0.0 IDA 1.6 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 PRINCIPAL REPAYMENTS 0.2 6.4 67.0 62.0 56.8 61.9 64.6 73.2 74.5 53.3 Public and publicly guaranteed 0.2 6.4 67.0 62.0 56.8 61.9 64.6 73.2 74.5 53.3 Official creditors 0.1 6.4 48.6 59.3 55.7 59.9 58.4 64.6 69.5 48.8 Multilateral 0.0 5.7 36.9 49.1 45.5 50.1 48.7 49.4 46.7 40.7 Concessional 0.0 0.1 2.7 5.4 7.8 9.1 6.3 9.1 10.9 9.4 Bilateral 0.1 0.7 11.7 10.2 10.3 9.9 9.7 15.3 22.8 8.2 Concessional 0.0 0.0 3.4 3.7 4.9 4.5 4.6 6.1 18.8 4.4 Private creditors 0.0 0.0 18.5 2.7 1.1 2.0 6.2 8.6 5.0 4.5 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 0.2 0.2 0.2 0.2 4.5 4.3 4.5 4.4 Other private 0.0 0.0 18.3 2.5 0.9 1.8 1.7 4.3 0.5 0.0 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 5.4 19.0 20.6 19.8 21.0 23.7 20.9 16.5 12.9 IDA 0.0 0.1 0.3 0.4 0.4 0.4 0.5 0.5 0.5 0.5 NET FLOWS ON DEBT 5.6 21.1 -37.3 22.4 45.1 -9.9 1.3 -45.1 .52.4 -33.3 Public and publicly guaranteed 5.6 21.1 .37.3 22.4 45.1 -9.9 1.3 -45.1 .52.4 -33.3 Official creditors 2.7 18.3 -18.9 25.1 15.8 -7.9 7.6 -36.5 -47.5 -28.8 Multilateral 1.6 9.8 -13.7 30.2 11.6 -4.3 -26.8 -23.1 -26.4 -22.7 Concessional 1.6 5.7 11.4 11.0 18.0 17.7 6.7 3.9 0.6 -2.7 Bilateral 1.1 8.5 -5.2 -5.1 4.1 -3.6 34.4 -13.4 -21.1 -6.1 Concessional 1.2 2.7 0.5 1.1 9.3 1.7 39.4 -4.3 -17.1 -2.3 Private creditors 2.9 2.8 -18.5 -2.7 29.3 -2.0 -6.2 -8.6 -5.0 -4.5 Bonds 2.6 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 -0.2 -0.2 30.2 -0.2 -4.5 4.3 4.5 -. Other private 0.3 2.8 -18.3 -2.5 -0.9 -1.8 -1.7 4.3 -0.5 0.0 Private nonsguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 4.3 -11.9 -15.8 -7.5 -19.9 -23.1 -20.9 -16.5 -12.9 IDA 1.6 0.0 -0.3 -0.4 -0.4 -0.4 -0.5 -0.5 -0.5 -0.5 120 BOTSWANA (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 INTEREST PAYMENTS (LINT) 0.4 7.6 39.2 35.7 33.1 30.7 27.5 78.2 27.8 23.0 Public and publicly guaranteed 0.4 7.6 39.2 35.7 33.1 30.7 27.5 78.2 27.8 23.0 Official creditors 0.4 6.6 36.2 33.5 32.0 29.5 24.5 69.7 25.5 21.4 Multilateral 0.0 4.7 27.9 25.9 24.8 24.9 21.0 63.0 20.8 17.6 Concessional 0.0 0.2 2.5 2.8 2.6 1.8 1.6 4.1 4.0 3.5 Bilateral 0.4 1.9 8.3 7.6 7.3 4.7 3.5 6.7 4.7 3.8 Concessional 0.2 0.5 1.8 2.4 3.0 1.5 1.0 4.3 3.0 2.5 Private creditors 0.0 1.0 3.0 2.2 1.1 1.2 3.0 8.5 2.4 1.5 Bonds 0.0 0.2 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.5 0.1 0.9 0.3 0.3 2.7 6.5 2.2 1.4 Other private 0.0 0.3 3.0 1.3 0.7 0.8 0.3 2.0 0.2 0.2 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 4.4 14.2 11.4 9.9 9.3 8.6 6.2 4.3 2.9 IDA 0.0 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 NET TRANSFERS ON DEBT 5.1 13.5 -76.5 -13.3 12.0 -40.6 -26.2 .123.3 -80.3 -56.3 Public and publicly guaranteed 5.1 13.5 -76.5 -13.3 12.0 -40.6 -26.2 -123.3 -80.3 -56.3 Official creditors 2.2 11.7 -55.1 -8.5 -16.3 -37.5 -16.9 -106.2 -72.9 -50.2 Multilateral 1.6 5.1 -41.6 4.3 -13.1 -29.2 -47.8 -86.1 -47.2 -40.4 Concessional 1.6 5.5 8.9 8.3 15.4 15.9 5.1 -0.2 -3.5 -6.2 Bilateral 0.6 6.6 -13.5 -12.7 -3.1 -8.3 30.9 -20.1 -25.7 -9.9 Concessional 1.0 2.1 -1.4 -1.3 6.3 0.2 38.4 -8.6 -20.1 -4.8 Private creditors 2.9 1.9 -21.5 -4.9 28.3 -3.1 -9.3 -17.1 -7.4 -6.0 Bonds 2.6 -0.2 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 -0.5 -0.2 -1.1 29.9 -0.5 -7.2 -10.8 -6.7 -5.8 Other private 0.2 2.5 -21.3 -3.8 -1.7 -2.6 -2.0 -6.3 -0.7 -0.2 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 -0. 1 -26.1 -27.2 -17.4 -29.2 -31.7 -27.1 -20.8 -15.8 IDA 1.6 -0.2 -0.4 -0.5 -0.5 -0.5 -0.6 -0.6 -0.6 -0.6 DEBT SERVICE (LTDS) 0.6 13.9 106.2 97.7 89.9 92.6 92.1 151.4 102.3 76.3 Public and publicly guaranteed 0.6 13.9 106.2 97.7 89.9 92.6 92.1 151.4 102.3 76.3 Official creditors 0.6 13.0 84.7 92.8 87.8 89.5 82.8 134.3 95.0 70.3 Multilateral 0.0 10.4 64.8 75.0 70.2 74.9 69.7 112.4 67.5 58.3 Concessional 0.0 0.3 5.2 8.2 10.4 10.9 8.0 13.1 15.0 12.9 Bilateral 0.5 2.6 20.0 17.9 17.5 14.5 13.1 21.9 27.5 11.9 Concessional 0.2 0.5 5.2 6.2 7.9 5.9 5.6 10.4 21.8 6.8 Private creditors 0.1 1.0 21.5 4.9 2.1 3.1 9.3 17.1 7.4 6.0 Bonds 0.0 0.2 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.5 0.2 1.1 0.5 0.5 7.2 10.8 6.7 5.8 Other private 0.1 0.3 21.3 3.8 1.7 2.6 2.0 6.3 0.7 0.2 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commnercial banks 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 9.7 33.1 32.0 29.8 30.3 32.2 27.1 20.8 15.8 IDA 0.0 0.2 0.4 0.5 0.5 0.5 0.6 0.6 0.6 0.6 UNDISBURSED DEBT 31.1 159.6 410.4 312.7 240.7 189.2 101.6 80.0 52.2 27.6 Official creditors 31.1 118.1 373.2 277.8 237.6 185.8 101.6 80.0 52.2 27.6 Private creditors 0.0 41.6 37.2 34.9 3.1 3.4 0.0 0.0 0.0 0.0 Memorandum items ConcessionaliLDOD 11.2 59.4 184.7 233.3 264.1 293.1 339.9 322.3 289.7 295.8 Variable rate LDOD 0.0 0.0 73.1 71.4 105.4 110.3 105.8 87.4 67.2 58.0 Public sector LDOD 17.4 142.7 557.2 605.5 622.8 645.2 662.7 583.4 505.2 494.8 Private sector LDOD 0.0 0.0 0.0 0.0 29.0 32.3 30.5 24.1 16.7 13.4 6. CLIRRENCI'CONIIPOSITION OF LONG-TERM DEBT iPERCENT) Deutsche mark 0.0 0.0 0.3 0.2 4.6 4.9 4.5 4.1 3.3 2.'7 French franc 0.0 0.0 1.6 1.2 1.0 1.1 1.0 0.6 0.6 0.6 Japanese yen 0.0 0.0 4.3 5.8 6.0 6.5 11.3 11.4 9.6 11.1 Pound sterling 81.8 27.3 10.9 6.9 5.7 5.0 4.3 4.3 4.2 3.5 Swiss franc 0.0 0.0 0.0 0.0 (1.0 0.0 0.0 0.0 0.0 0.0 U.S.dollars 0.0 23.8 11.7 10.8 10.5 10.7 11.3 11.7 12.5 12.0 Multiple cur-rency 0.0 44.1 54.4 57.6 53.5 51.5 47.4 45.3 44.5 42.7 Special drawing rights 0.0 0.0 0.0 0.2 0.2 1.4 1.4 1.7 1.9 2.0 AlB other cur-rencies 18.2 4.8 16.8 17.3 18.5 18.9 18.8 20.9 23.4 25.4 121 BOTSWANA (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 7. DEB r RESTRUCTURINGS Total amount rescheduled ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Debt stock rescheduled ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal rescheduled ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Official ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Interest rescheduled ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Official ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Debt forgiven ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: interest forgiven ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Debt stock reduction ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 of whiich debt buyback ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 8. DEBT STOCK-FLOW RECONCILIATION Total change in debt stocks ... 8.2 -8.0 47.8 29.1 14.7 -89.9 -51.5 -13.8 Net flows on debt 5.6 8.1 -37.2 22.4 45.1 -9.7 1.9 -43.1 -18.4 -33.3 Net change in interest arrears . . 2.1 -0.3 1.5 3.3 -1.6 -6.2 0.0 0.0 Interest capitalized ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Debt forgiveness or reduction ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Cross-cur-rency valuation ... 29.0 -24.6 -4.0 20.6 1.8 -24.9 -26.7 13.6 Residual ... 14.3 -5.5 5.2 15.0 12.6 -15.7 -6.4 5.9 9. AVWERAGE TERMS OF NEW coMMinTmENTS ALL CREDITORS Interest (%) 0.6 6.0 6.9 5.3 3.7 3.6 0.0 3.0 0.0 6.9 Maturity (years) 38.9 18.4 14.8 19.3 25.1 11.8 0.0 14.9 0.0 15.2 Grace period (years) 10.0 4.0 4.3 4.7 7.0 4.0 0.0 3.9 0.0 6.0 Grant element (%) 79.7 24.2 17.1 29.4 47.4 32.7 0.0 39.6 0.0 20.9 Ofricial creditors Interest (%) 0.1 6.0 5.7 5.4 3.7 3.6 0.0 3.0 0.0 6.9 Maturity (years) 40.7 18.4 16.9 19.2 25.1 11.8 0.0 14.9 0.0 15.2 Grace period (years) 9.4 4.0 4.4 5.0 7.0 4.0 0.0 3.9 0.0 6.0 Grant element (%) 84.9 24.2 25.0 29.0 47.4 32.7 0.0 39.6 0.0 20.9 Private creditors Interest (%) 7.3 0.0 8.9 4.1 0.0 0.0 0.0 0.0 0.0 0.0 Maturity (years) 16.9 0.0 11.6 20.6 0.0 0.0 0.0 0.0 0.0 0.0 Grace period (years) 16.3 0.0 4.1 0.6 0.0 0.0 0.0 0.0 0.0 0.0 Grant element (%) 19.6 0.0 4.6 34.6 0.0 0.0 0.0 0.0 0.0 0.0 Memorandum items Commiitments 37.6 69.3 79.4 79.8 50.0 6.2 0.0 8.4 0.0 1.1 Official creditors 34.7 69.3 48.4 73.8 50.0 6.2 0.0 8.4 0.0 1.1 Private creditors 2.9 0.0 31.0 6.1 0.0 0.0 0.0 0.0 0.0 0.0 10. CONTRACTI. l. OBLIG A l'IONS ON OUTSTANDI31NC LONG-TE RM% DEBT 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 TOTAL Disbursements 14.8 9.0 3.1 0.4 0.3 0.0 0.0 0.0 0.0 0.0 Principal 60.6 54.1 47.6 38.3 33.6 29.7 27.1 26.0 25.4 19.6 Interest 20.9 17.9 15.0 12.5 10.5 8.8 7.4 6.2 5.0 3.8 Official creditors Disbursements 14.8 9.0 3.1 0.4 0.3 0.0 0.0 0.0 0.0 0.0 Principal 55.3 48.8 42.3 37.4 32.7 28.8 26.2 25.2 24.5 18.8 Interest 19.1 16.5 14.0 11.7 9.7 8.2 6.9 5.7 4.6 3.5 Bilateral creditors Disbursements 0.5 0.4 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal 11.8 10.8 9.9 8.1 6.8 6.3 6.3 6.0 5.7 5.4 Interest 3.4 3.0 2.6 2.2 1.9 1.7 1.5 1.4 1.2 1.1 Multilateral creditors Disbursements 14.2 8.6 3.1 0.4 0.3 0.0 0.0 0.0 0.0 0.0 Principal 43.5 37.9 32.4 29.4 26.0 22.5 20.0 19.2 18.8 13.4 Interest 15.7 13.5 11.4 9.5 7.8 6.4 5.3 4.3 3.4 2.5 Private creditors Disbursements 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal 5.3 5.3 5.3 0.9 0.9 0.9 0.9 0.8 0.8 0.8 Interest 1.8 1.4 1.1 0.8 0.7 0.6 0.5 0.5 0.4 0.3 Commrercial banks Disbursements 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal 5.2 5.2 5.2 0.7 0.7 0.7 0.7 0.7 0.7 0.7 Interest 1.6 1.3 1.0 0.7 0.6 0.5 0.5 0.4 0.3 0.3 Other private Disbursements 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 Interest 0.2 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.0 0.0 122 BRAZIL (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 1. SUMMARY DEBT DATA TOTAL DEBT STOCKS (EDT) 71,520 119,877 128,741 143,836 151,209 159,037 180,785 198,231 232,004 Long-term debt (LDOD) 5,020 57,981 94,340 103,852 112,903 119,620 128,399 145,275 163,771 202,054 Public and publicly guaranteed 3,314 41,375 87,669 90,672 91,988 94,919 97,569 96,321 87,963 98,959 Private nonguaranteed 1,706 16,605 6,671 13,180 20,916 24,701 30,830 48,953 75,808 103,095 Use of IMF credit 0 0 1,821 799 304 186 142 68 31 4,825 Short-term debt 13,540 23,716 24,090 30,629 31,403 30,496 35,443 34,429 25,125 ofwliich interest arrears on LDOD 14 8,791 4,292 7,226 1,352 804 1,443 929 1,905 Official creditors 0 332 339 1,380 842 428 403 369 378 Private creditors 13 8,459 3,953 5,847 510 377 1,040 560 1,527 Memo: principal arrears on LDOD 432 3,699 3,961 5,136 3,254 3,885 2,976 3,273 3,479 Official creditors 3 789 753 812 834 781 751 749 776 Private creditors 429 2,911 3,209 4,324 2,420 3,104 2,224 2,524 2,703 Memo: export credits 0 23,906 28,471 26,959 26,389 21,477 20,710 20,096 22,770 TOTAL DEBT FLOWS Disbursements 1,783 11,418 4,081 9,393 14,721 11,490 20,017 29,686 44,807 66,882 Long-term debt 1,783 11,418 4,081 9,213 14,721 11,490 20,017 29,686 44,807 62,243 IMFpurchases 0 0 0 180 0 0 0 0 0 4,639 Principal repayments 531 6,848 5,912 4,836 6,812 9,581 10,920 14,444 29,531 35,422 Long-term debt 456 6,848 5,147 4,256 6,309 9,447 10,871 14,374 29,499 35,401 UIMFrepurchases 75 0 765 579 503 134 49 70 33 2 1 Net flows on debt 1,966 9,462 -1,732 8,560 11,514 8,557 8,738 19,550 14,776 21,179 of which short-term debt .. 4,892 99 4,003 3,605 6,648 -359 4,308 -500 -10,280 Interest payments (INT) 7,909 2,256 3,830 4,431 6,631 10,761 10,635 12,614 12,465 Long-terrndebt 221 6,384 2,026 2,949 3,222 5,115 8,959 8,770 11,228 10,964 IMFcharges 0 0 231 90 39 14 10 5 2 1 Short-term debt .. 1,525 0 792 1,170 1,503 1,792 1,860 1,384 1,500 Net transfers on debt 1,552 -3,989 4,730 7,083 1,926 -2,023 8,915 2,162 8,715 Total debt service paid (TDS) 14,757 8,169 8,666 11,243 16,213 21,681 25,078 42,145 47,887 Long-term debt 677 13,232 7,173 7,205 9,531 14,562 19,830 23,144 40,726 46,365 IMF repurchases and charges 75 0 996 669 542 148 59 75 35 22 Short-termndebt (interest only) .. 1,525 0 792 1,170 1,503 1,792 1,860 1,384 1,500 2.AGGREGATE NET RESOlURCE FLOWVSAND NET TRANSFERS iLONG-TERM i NET RESOURCE FLOWS 1,777 6,494 -36 8,790 15,263 10,266 18,481 30,573 38,864 59,393 Net flow of long-termndebt (ex. IMF) 1,327 4,570 -1,066 4,957 8,412 2,043 9,146 15,312 15,308 26,841 Foreign direct investment (net) 421 1,911 989 2,061 1,292 3,072 4,859 11,200 19,652 31,913 Portfolio equity flows 0 0 0 1,734 5,500 5,082 4,411 3,981 3,835 542 Grants (excluding technical coop.) 28 1 4 . 4 1 38 59 69 65 80 68 97 Memo: technical coop. grants 32 8 3 157 179 185 196 239 246 230 184 official net resource flows 212 839 -599 -893 -951 -2,065 -1,510 -452 -1.464 5,008 private net resource flows 1,565 5,656 562 9,682 16,214 12,330 19,991 31,025 40,328 54,385 NET TRANSFERS 1,168 -845 -3,954 5,007 9,902 2,701 6,922 18,603 24,336 44,430 Interest on long-term debt 221 6,384 2,026 2,949 3,222 5,115 8,959 8,770 11,228 10,964 Profit renmittances on FDI 387 955 1,892 834 2,139 2,450 2,600 3,200 3,300 4,000 Memo: official net transfers 161 395 -1,868 -2,031 -2,370 -3,812 -3,321 -2,179 -3,158 3,435 private net transfers 1,008 -1,240 -2,086 7,038 12,272 6,513 10,243 20,782 27,494 40,995 3. M~AJOR ECONOMIUC AGGREGATES Gross national product (GNP) 41,729 227,300 452,628 383,199 427,629 537,368 693,009 762,250 804,140 758,869 Exports of goods & services (XGS) .. 23,331 36,854 42,718 46,026 53,046 58,989 59,722 65,846 64,644 of which workers remnittances .. 56 527 1,719 1,123 1,834 2,891 1,866 1,324 963 Imports of goods & services (MGS) .. 36,250 40,949 37,099 46,486 54,788 77.855 83,545 96,827 98,946 Intemnational reserves (RES) 1,190 6,875 9,200 23,265 31,747 38,492 51,477 59,685 51,706 43,902 Current account balance .. -12,831 -3,823 6,089 20 -1,153 -18,136 -23,248 -30,491 -33,829 4. DEBT LNDICATORS EDT /XGS (% . 306.6 325.3 301.4 312.5 285.1 269.6 302.7 301.1 358.9 EDT /GNP(% . 31.5 26.5 33.6 33.6 28.1 23.0 23.7 24.7 30.6 TDS /XGS(% . 63.3 22.2 20.3 24.4 30.6 36.8 42.0 64.0 74.1 IINT /XGS (% . 33.9 6.1 9.0 9.6 12.5 18.2 17.8 19.2 19.3 INT /GNP(% . 3.5 0.5 1.0 1.0 1.2 1.6 1.4 1.6 1.6 RES /EDT(% . 9.6 7.7 18.1 22.1 25.5 32.4 33.0 26.1 18.9 RES / MGS (months) .. 2.3 2.7 7.5 8.2 8.4 7.9 8.6 6.4 5.3 Short-term /EDT (%) .. 18.9 19.8 18.7 21.3 20.8 19.2 19.6 17.4 10.8 Concessional /EDT(% . 2.5 2.4 2.0 1.8 1.6 1.5 1.1 0.8 0.7 Multilateral / EDT (%) .. 4.3 9.5 7.8 6.6 6.2 5.9 5.2 5.1 7.0 123 BRAZIL (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 5. LONG-TERNI DEBT DEBT OUTSTANDING (LDOD) 5,020 57,981 94,340 103,852 112,903 119,620 128,399 145,275 163,771 202,054 Public and publicly guaranteed 3,314 41,375 87,669 90,672 91,988 94,919 97,569 96,321 87,963 98,959 Official creditors 1,779 7,306 29,252 30,277 30,028 29,388 28,444 26,550 23,567 29,298 Multilateral 376 3,092 11,391 10,067 9,479 9,375 9,366 9,404 10,065 16,320 Concessional 7 72 16 6 6 1 1 0 0 0 Bilateral 1,403 4,214 17,861 20,209 20,549 20,013 19,078 17,146 13,502 12,979 Concessional 1,308 1,678 2,867 2,510 2,514 2,467 2,357 1,939 1,541 1,630 Private creditors 1,535 34,069 58,417 60,396 61,960 65,531 69,125 69,771 64,396 69,661 Bonds 0 3,233 2,339 10,766 11,604 53,566 54,615 57,403 51,736 51,804 Commercial banks 748 24,329 47,461 44,480 45,761 7,569 10,804 9,493 10,442 15,924 Other private 787 6,507 8,617 5,150 4,595 4,396 3,706 2,875 2,219 1,934 Private nonguaranteed 1,706 16,605 6,671 13,180 20,916 24,701 30,830 48,953 75,808 103,095 Bonds 0 0 0 2,803 7,366 9,391 11,290 14,135 14,820 16,779 Commercial banks 1,706 16,605 6,671 10,377 13,550 15,310 19,541 34,818 60,988 86,317 Memo: IIBRD 206 2,035 8,427 7,238 6,575 6.311 6,038 5,876 5,743 6,298 IDA 0 0 0 0 0 0 0 0 0 0 DISBURSEMENTS 1,783 11,418 4,081 9,213 14,721 11,490 20,017 29,686 44,807 62,243 Public and publicly guaranteed 883 8,226 3,206 2,266 3,693 3,122 7,921 10,182 11,470 19,865 Official creditors 260 1,343 1,316 911 877 1,047 2,005 3,149 3,011 9,387 Multilateral 108 535 1,001 883 865 950 1,257 2,263 2,718 6,978 Concessional 0 3 0 0 42 0 0 0 0 0 Bilateral 152 809 315 28 13 98 748 886 293 2,409 Concessional 96 46 80 5 9 3 216 3 4 286 Private creditors 623 6,883 1,890 1,355 2,816 2,074 5,916 7,033 8,459 10,478 Bonds 0 378 200 820 1,320 402 1,661 4,345 4,262 2,935 Commercial banks 333 4,874 864 341 1,385 1,328 4,140 2,525 4,037 7,519 Other private 290 1,631 826 194 III 345 115 162 159 25 Private nonguaranteed 900 3,192 875 6,947 11,028 8,368 12,096 19,504 33,337 42,378 Bonds 0 0 0 2,405 4,761 3,516 4,563 5,058 5,750 3,489 Commercial banks 900 3,192 875 4,542 6,267 4,853 7,533 14,446 27,587 38,890 Memo: IBRD 61 343 782 581 471 640 838 1,500 1,416 1,240 IDA 0 0 0 0 0 0 0 0 0 0 PRINCIPAL REPAYMENTS 456 6,848 5,147 4,256 6,309 9,447 10,871 14,374 29,499 35,401 Public and publicly guaranteed 256 3,878 4,139 2,928 3,103 4,924 6,391 7,084 11,191 11,693 Official creditors 76 518 1,955 1,841 1,887 3,181 3,580 3,681 4,544 4,476 Multilateral 32 164 1,518 1,568 1,652 1,674 1,683 1,517 1,335 1,265 Concessional 1 2 6 5 42 1 1 1 0 0 Bilateral 45 354 438 274 235 1,506 1,897 2,164 3,209 3,211 Concessional 40 97 22 21 32 200 357 303 295 276 Private creditors 180 3,360 2,184 1,087 1,216 1,744 2,811 3,403 6,647 7,217 Bonds 0 32 71 302 502 604 919 1,272 3,825 3,423 Commnercial banks 137 2,430 1,616 162 129 370 1,050 1,428 2,211 3,377 Other private 43 898 496 623 585 770 842 704 611 418 Private nonguaranteed 200 2,970 1,008 1,328 3,206 4,523 4,480 7,290 18,308 23,708 Bonds 0 0 0 0 198 1,507 2,670 2,132 4,967 1,591 Comimercial banks 200 2,970 1,008 1,328 3,008 3,016 1,810 5,158 13,341 22,117 Memo: IBRD 14 98 1,251 1,266 1,279 1,346 1,377 1,222 1,049 995 IDA 0 0 0 0 0 0 0 0 0 0 NET FLOWS ON DEBT 1,327 4,570 -1,066 4,957 8,412 2,043 9,146 15,312 15,308 26,841 Public and publicly guaranteed 627 4,348 -933 -662 590 -1,803 1,530 3,098 279 8,172 Official creditors 184 825 -639 -931 -1,010 -2,134 -1,575 -532 -1,533 4,911 Multilateral 76 371 -517 -685 -787 -725 -426 746 1,383 5,713 Concessional -1 2 -6 -5 0 -1 -1 -1 0 0 Bilateral 108 454 -123 -246 -223 -1,409 -1,149 -1,278 -2,916 -802 Concessional 57 -50 58 -16 -22 -198 -141 -299 -291 9 Private creditors 444 3,523 -294 268 1,600 331 3,105 3,630 1,812 3,261 Bonds 0 346 129 518 817 -202 743 3,074 438 -488 Commiercial banks 196 2,444 -753 179 1,256 958 3,090 1,097 1,826 4,142 Other private 247 733 330 -429 474 -425 -728 -541 -452 -393 Private nonguaranteed 700 222 -133 5,619 7,822 3,845 7,616 12,214 15,029 18,670 Bonds 0 0 0 2,405 4,563 2,009 1,894 2,925 783 1,898 Commercial banks 700 222 -133 3,214 3,259 1,836 5,722 9,289 14,246 16,772 Memo: IBRD 47 245 -469 -685 -808 -706 -539 278 368 245 IDA 0 0 0 0 0 0 0 0 0 0 124 BRAZIL (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 INTEREST PAYMENTS (LINT) 221 6,384 2,026 2,949 3,222 5,115 8,959 8,770 11,228 10,964 Public and publicly guaranteed 132 4,253 1,566 2,398 2,172 3,966 6,864 5,715 5,670 5,149 Official creditors 51 444 1,270 1,139 1,420 1,748 1,810 1,727 1,694 1,573 Multilateral 21 255 966 887 868 781 750 679 689 738 Concessional 0 3 1 0 17 0 0 0 0 0 Bilateral 30 189 304 252 552 967 1,060 1,048 1,005 836 Concessional 28 48 9 12 11 19 91 61 49 43 Private cre-ditors 81 3,809 296 1,260 753 2,218 5,053 3,988 3,976 3,576 Bonds 0 234 14 125 435 1,735 4,416 3,123 3,205 2,502 Commercial banks 45 3,128 46 888 136 300 373 656 655 952 Other private 36 446 236 247 182 183 265 209 117 122 Private nonguaranteed 89 2,132 460 551 1,050 1,149 2,095 3,055 5,558 5,814 Bonds 0 0 0 85 313 656 837 1,028 1,323 1,399 Comimercial banks 89 2,132 460 466 737 493 1,258 2,027 4,235 4,415 Memo: 'IBRD 11 177 725 647 579 537 491 416 380 378 IDA 0 0 0 0 0 0 0 0 0 0 NET TRANSFERS ON DEBT 1,106 -1,815 -3,092 2,008 5,190 -3,072 187 6,542 4,081 15,878 Public and publicly guaranteed 495 95 -2,499 -3,061 -1,582 -5,768 -5,333 -2,617 .5,391 3,022 Official creditors 132 381 -1,909 -2,069 -2,429 -3,881 -3,385 -2,259 -3,226 3,338 Multilateral 55 116 -1,483 -1,572 -1,654 -1,505 -1,176 67 695 4,976 Concessional -1 -1 -6 -6 -17 -1 -1 -1 0 0 Bilateral 78 265 -427 -498 -775 -2,376 -2,209 -2,326 -3,921 -1,638 Concessional 29 -98 49 -28 -33 -216 -232 -361 -340 -34 Private creditors 363 -286 -590 -991 847 -1,887 -1,948 -358 -2,164 -315 Bonds 0 112 115 393 383 -1,937 -3,673 -49 -2,767 -2,990 Commercial banks 151 -684 -799 -710 1,120 658 2,717 441 1,171 3,190 Other private 212 287 94 -675 -656 -608 -992 -750 -569 -515 Private nonguaranteed 611 -1,910 -593 5,068 6,772 2,696 5,521 9,159 9,471 12,855 Bonds 0 0 0 2,320 4,250 1,353 1,057 1,897 -540 499 Commercial banks 611 -1,910 -593 2,748 2,522 1,343 4,464 7,262 10,011 12,357 Memo: IiBRD 36 68 -1,193 -1,332 -1,387 -1,242 -1,031 -138 -12 -133 IDA 0 0 0 0 0 0 0 0 0 0 DEBT SERVICE (LTDS) 677 13,232 7,173 7,205 9,531 14,562 19,830 23,144 40,726 46,365 Public and publicly guaranteed 388 8,131 5,705 5,326 5,275 8,890 13,254 12,799 16,861 16,842 Official creditors 127 962 3,225 2,980 3,306 4,928 5,390 5,408 6,238 6,049 Multilateral 53 419 2,484 2,455 2,519 2,455 2,434 2,196 2,024 2,003 Concessional 1 4 6 6 60 1 1 1 0 0 Bilateral 75 543 742 525 787 2,473 2,957 3,212 4,214 4,047 Concessional 68 144 31 33 42 219 448 364 344 320 Private creditors 261 7,169 2,480 2,347 1,969 3,962 7,864 7,391 10,623 10,793 Bonds 0 266 85 427 937 2,339 5,335 4,395 7,029 5,925 Commercial banks 182 5,558 1,663 1,050 264 670 1,423 2,084 2,866 4,329 Other private 79 1,345 733 870 767 953 1,107 912 728 540 Private nonguaranteed 289 5,102 1,468 1,879 4,256 5,672 6,575 10,345 23,866 29,523 Bonds 0 0 0 85 511 2,163 3,507 3,160 6,290 2,990 Commercial banks 289 5,102 1,468 1,794 3,745 3,509 3,069 7,185 17,576 26,533 Memo: IBRD 25 275 1,975 1,913 1,858 1,883 1,868 1,638 1,428 1,373 IDA 0 0 0 0 0 0 0 0 0 0 UNDISBURSED DEBT 1,493 14,046 12,953 14,434 14,403 16,817 14,677 14,628 15,928 15,190 Official creditors 806 6,359 6,864 9,114 9,216 10,608 9,475 9,030 10,707 9,814 Private creditors 688 7,687 6,089 5,320 5,188 6,210 5,202 5,598 5,221 5,376 Memorandum items Concessional LDOD 1,315 1,750 2,884 2,517 2,520 2,468 2,358 1,939 1,541 1,630 Variable rate LDOD 2,111 41,557 66,638 76,649 84,570 82,781 89,866 105,036 128,747 156,845 Public sector LDOD 3,206 39,296 87,099 90,227 91,574 94,453 96,725 95,563 87,355 96,860 Private sector LDOD 1,814 18,685 7,241 13,626 21,329 25,167 31,674 49,712 76,415 105,195 6. CURRENCI'COMIPOSFTION OF LONG-TERMN DEBT iPERCENTI Deutsche mark 7.3 8.1 8.9 6.8 5.8 4.3 5.1 5.6 4.8 3.1 French franc 0.2 2.5 6.6 5.0 4.0 3.3 3.3 2.6 1.9 1.1 Japanese yen 0.0 8.5 7.3 6.1 6.4 5.0 6.3 6.3 5.3 4.3 Pound sterling 7.6 2.5 1.8 1.1 1.2 1.1 0.9 1.2 1.3 0.9 Swiss franc 2.2 1.3 1.0 0.8 0.7 0.3 0.3 0.2 0.3 0.3 U.S.dollars 72.1 67.8 60.4 61.9 63.0 68.5 67.3 66.7 67.6 73.7 Multiple currency 9.6 7.2 12.8 17.3 18.1 17.3 16.6 16.2 16.8 13.6 Special drawing rights 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 All other currencies 1.0 2.1 1.2 1.0 0.8 0.2 0.2 1.2 2.0 3.0 125 BRAZIL (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 7. DEBT RESTRLICTILRINGS Total amount rescheduled .. 1,316 12,850 1,425 43,451 234 298 288 148 Debt stock rescheduled ..0 0 0 35,758 0 0 0 0 Principal rescheduled .. 1,066 4,577 921 76 0 3 0 6 Official .. 212 1,991 792 0 0 0 0 0 Private ,. 854 2,586 128 76 0 3 0 6 Interest rescheduled ,. 275 8,355 491 7,273 0 298 288 148 Official ... 69 972 397 0 0 0 0 0 Private 205 7,384 94 7,273 0 298 288 148 Debt forgiven ..0 0 0 0 0 0 0 0 Memo: interest forgiven ..0 0 0 0 0 0 0 0 Debt stock reduction .. 1,259 257 0 4,104 0 0 3,294 0 of which debt buyback .. 776 0 0 204 0 0 2,694 0 8. DEBT STOCK-FLOW RECONCILIAnION Total change in debt stocks .. 5,344 7,817 15,095 7,373 7,828 21,748 17,446 33,773 Net flows on debt 1,966 9,462 -1,732 8,560 11,514 8,557 8,738 19,550 14,776 21,179 Net change in interest arrears . . 5,603 -6,227 2,935 -5,874 -548 639 -514 976 Interest capitalized ... 275 8,355 491 7,273 0 298 288 148 Debt forgiveness or reduction . . -483 -257 0 -3,900 0 0 -600 0 Cross-currency valuation ... 3,102 -1,495 -154 1,582 435 -1,843 -2,150 1,296 Residual ... -1,420 -1,1 19 310 -264 -798 3,104 5,646 10,175 9. A%VERAGE TERMS OF NEW COMNUMTMENTS ALL CREDITORS Interest (%) 7.0 12.2 8.2 7.7 8.2 8.0 6.9 8.3 8.0 8.7 Maturity (years) 14.0 10.9 11.6 12.4 8.4 11.5 7.6 7.7 14.4 5.5 Grace period (years) 3.3 4.0 3.7 4.0 4.0 3.7 2.9 3.5 2.8 2.8 Grant element (%) 17.1 -9.8 9.0 11.1 7.7 10.2 10.9 7.0 7.9 3.9 Official creditors Interest (%) 5.8 9.5 7.4 7.3 7.1 6.7 5.4 7.1 6.4 6.9 Maturity (years) 24.8 13.8 15.2 17.2 17.7 18.9 19.7 16.4 18.2 6.2 Grace period (years) 5.8 3.7 4.1 4.5 5.0 5.2 4.8 3.4 4.2 1.8 Grant element (%) 29.1 4.2 14.9 15.3 17.6 20.3 27.3 15.2 20.0 7.4 Private creditors Interest (%) 7.5 13.0 9.0 8.4 8.6 9.0 7.5 8.8 8.9 10.2 Maturity (years) 9.4 10.0 7.6 4.5 4.5 6.0 3.0 4.3 12.1 5.0 Grace period (years) 2.2 4.1 3.2 3.2 3.6 2.5 2.1 3.6 2.0 3.6 Grant element (%) 12.0 -14.0 2.6 4.2 3.6 2.7 4.6 3.7 0.7 1.0 Memorandum items Commiitments 1,439 10,066 2,980 4,215 3,972 5,716 7,302 10,708 13,623 19,1 19 Official creditors 431 2,303 1,552 2,620 1,162 2,430 2,019 3,006 5,099 8,514 Private creditors 1,008 7,762 1,427 1,595 2,810 3,286 5,283 7,702 8,524 10,605 10. CONTRACI`UAL OBLIGATIONS ON OUTSTANDING LONG-TERMI DEBT 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 TOTAL Disbursements 4,278 2,561 1,730 1,070 620 333 196 108 72 28 Principal 56,889 28,147 22,939 17,240 15,261 12,232 11,043 7,153 5,982 6,144 Interest 11,275 8,441 6,610 5,721 5,117 4,646 3,845 3,130 2,698 2,143 Official creditors Disbursements 2,688 2,137 1,576 1,056 619 333 196 108 72 28 Principal 8,636 4,019 2,541 2,652 2,627 2,644 2,617 2,600 1,343 1,213 Interest 1,971 1,550 1,439 1,338 1,204 1,050 886 718 568 485 Bilateral creditors Disbursements 864 572 340 188 93 48 18 0 0 0 Principal 4,774 1,013 1,072 1,133 1,125 1,203 1,271 1,352 195 178 Interest 828 537 492 433 366 295 216 131 62 52 Multilateral creditors Disbursements 1,824 1,564 1,236 868 527 285 178 108 72 28 Principal 3,862 3,006 1,469 1,519 1,503 1,441 1,346 1,248 1,148 1,035 Interest 1,143 1,013 947 906 837 755 670 586 507 433 Private creditors Disbursements 1,590 424 154 14 0 0 0 0 0 0 Principal 48,252 24,129 20,398 14,587 12,633 9,588 8,426 4,553 4,639 4,931 Interest 9,304 6,891 5,171 4,383 3,913 3,596 2,959 2,412 2,130 1,658 Comimercial banks Disbursements 1,378 373 134 6 0 0 0 0 0 0 Principal 13,487 984 475 377 349 293 234 223 127 4 Interest 1.080 165 127 100 76 54 35 20 5 0 Other private Disbursements 212 5 1 20 7 0 0 0 0 0 0 Principal 34,765 23,145 19,924 14,211 12,284 9,295 8,192 4,330 4,513 4,927 Interest 8,224 6,726 5,045 4,282 3,837 3,543 2,924 2,392 2,125 1,658 126 BULGARIA (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 1. SUMMARY DEBT DATA TOTAL DEBT STOCKS (EDT) 10,890 11,854 12,202 9,805 10,305 10,058 9,859 9,907 Long-term debt (LDOD) 9,834 9,670 9,717 8,421 9,068 8,573 8,145 8,331 Public and publicly guaranteed 9,834 9,670 9,717 8,421 8,726 8,160 7,721 7,781 Private nonguaranteed 0 0 0 0 342 413 424 550 Use of IMF credit 0 0 0 590 632 941 717 586 942 1,116 Short-term debt 1,056 1,594 1,853 443 520 899 772 460 of which interest arrears on LDOD ..226 1,524 1,814 117 82 134 214 216 Official creditors 5 29 59 16 5 10 9 8 Private creditors 221 1,495 1,755 102 76 124 205 208 Memo: principal arrears on LDOD 356 4,962 5,882 303 256 154 409 173 Official creditors 1 139 237 21 25 25 24 23 Private creditors 354 4,823 5,645 281 231 129 384 150 Memo: export credits 4,798 1,230 1,261 1,360 1,492 1,427 1,222 1,317 TOTAL DEBT FLOWS Disbursements -- 876 559 361 730 235 316 702 1,003 Long-term debt 876 276 318 397 235 200 214 692 IMF purchases 0 0 0 282 43 333 0 116 489 311 Principal repayments 865 223 85 518 569 700 435 770 Long-term debt 865 138 85 450 323 476 347 587 IMFrepurchases 0 0 0 85 0 69 246 225 89 183 Net flows on debt -14 -398 245 499 -221 -57 59 -81 of which short-term debt -24 -733 -32 288 113 327 -208 -314 Interest payments (INT) -.510 227 242 168 575 548 497 525 Long-terindebt ..452 161 186 II1 501 485 436 458 IMF charges 0 0 0 36 37 40 50 29 31 45 Short-termndebt 58 30 19 16 24 35 30 22 Net transfers on debt - . -523 -625 3 331 -796 -605 -438 -606 Total debt service paid (TDS) -.. 1,375 450 327 686 1,144 1,249 933 1,295 Long-term debt 1,317 300 271 561 824 960 783 1,045 IME repurchases and charges 0 0 0 121 37 109 296 254 120 228 Short-term debt (interest only) 58 30 19 16 24 35 30 22 2. AGGREGATE NET RESOLURCE FLOWS AN D N ET TR-ANSFERS (LONG-TERAIM NET RESOURCE FLOWS - . 19 262 336 556 425 431 639 673 Net flow of long-term debt (ex. IMF ... 11 138 234 -53 -88 -276 -133 105 Foreign direct investment (net) ...4 42 55 105 90 109 505 401 Portfolio equity flows ...0 0 0 400 400 500 130 66 Grants (excluding techniical coop.) ...4 81 47 103 22 98 137 102 Memo: technical coop. grants ...0 47 33 43 91 57 42 112 official net resource flows ... 61 140 315 452 33 116 62 175 private net resource flows ... -42 121 22 104 392 315 576 498 NET TRANSFERS .. -433 100 150 443 -79 -64 190 202 Interest on long-term debt ... 452 161 186 il1 501 485 436 458 Profit remittances on FDI .. 0 0 0 2 3 11 12 14 Memo: official net transfers ... 47 54 211 381 -146 -57 -84 35 private net transfers ... -480 46 -61 62 67 -7 275 166 3. NIAJOR ECONOMIIC AGGREGATFES Gross national product (GNP) ... 19,083 10,203 10,641 9,580 12,680 9,441 9,702 11,937 Exports of goods & services (XGS) ... 7,070 5,152 4,990 5,277 6,926 6,437 6,488 5,861 of which workers remittances ...0 0 0 . .. Imports of goods & services (MGS) ... 8,905 5,555 6,126 5,475 7,084 6,526 6,298 6,467 Intemnational reserves (RES) ... . 1,241 1,052 1,397 1,635 864 2,548 3,127 Cuffent account balansce ... -1,710 -360 -1,099 -32 -26 16 427 -376 4. DEBT INDICATORS EDT / XGS (%) ... 154.0 230.1 244.5 185.8 148.8 156.3 152.0 169.0 EDT /GNP (%) ... 57.1 116.2 114.7 102.3 81.3 106.5 101.6 83.0 TDS / XGS (%) ... 19.4 8.7 6.6 13.0 16.5 19.4 14.4 22.1 IINT /XGS (%) ... 7.2 4.4 4.9 3.2 8.3 8.5 7.7 9.0 IINT /GNPF(%) ... 2.7 2.2 2.3 1.8 4.5 5.8 5.1 4.4 RES /EDT (%) ... . 10.5 8.6 14.3 15.9 8.6 25.8 31.6 RES /MGS (months) ... . 2.7 2.1 3.1 2.8 1.6 4.9 5.8 Short-termn/ EDT (%i) ... 9.7 13.5 15.2 4.5 5.1 8.9 7.8 4.6 Concessional /EDT(% ... 0.7 0.3 1.2 1.6 1.8 1.8 1.6 1.6 Multilateral /EDT (%) ... 2.0 2.4 3.6 8.4 11.9 12.2 10.8 12.7 127 BULGARIA (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 5. LONG-TERNI DEBT' DEBT OUTSTANDING (LDOD) 9,834 9,670 9,717 8,421 9,068 8,573 8,145 8,331 Public and publicly guaranteed 9,834 9,670 9,717 8,421 8,726 8,160 7,721 7,781 Official creditors 1,669 1,846 2,097 2,344 2,839 2,665 2,319 2,468 Multilateral 222 284 444 819 1,222 1,224 1,067 1,262 Concessional 0 0 0 0 0 0 0 0 Bilateral 1,447 1,562 1,654 1,525 1,617 1,441 1,252 1,206 Concessional 77 35 142 153 186 179 159 162 Private creditors 8,165 7,823 7,620 6,077 5,887 5,496 5,402 5,313 Bonds 327 332 348 5,411 5,412 5,155 5,072 5,019 Commercial banks 7,084 7,335 7,135 577 394 269 261 256 Other private 753 156 137 88 8 1 72 69 38 Private nonguaranteed 0 0 0 0 342 413 424 550 Bonds 0 0 0 0 0 0 0 0 Comimercial banks 0 0 0 0 342 413 424 550 Memo: IBRD 0 0 0 152 158 415 444 453 501 697 IDA 0 0 0 0 0 0 0 0 0 0 DISBURSEMENTS 876 276 318 397 235 200 214 692 Public and publicly guaranteed 876 276 318 397 235 139 189 387 Official creditors 80 139 318 375 106 139 182 387 Multilateral 44 103 207 365 15 122 180 386 Concessional 0 0 0 0 0 0 0 0 Bilateral 36 36 III 10 92 17 2 0 Concessional 0 33 III 0 32 15 2 0 Private creditors 796 137 0 22 129 0 6 0 Bonds 65 0 0 16 33 0 0 0 Commercial banks 652 126 0 6 96 0 0 0 Other private 79 1 2 0 0 0 0 6 0 Private nonguaranteed 0 0 0 0 0 61 25 306 Bonds 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 61 25 306 Memo: IBRD 0 0 0 92 3 246 15 53 101 197 IDA 0 0 0 0 0 0 0 0 0 0 PRINCIPAL REPAYMENTS 865 138 85 450 323 476 347 587 Public and publicly guaranteed 865 138 85 450 323 452 325 378 Official creditors 23 80 5 1 27 96 120 257 313 Multilateral 22 56 43 20 25 23 191 205 Concessional 0 0 0 0 0 0 0 0 Bilateral 1 24 8 7 7 1 98 65 108 Concessional 0 0 0 0 0 9 8 7 Private creditors 842 58 34 423 228 332 69 65 Bonds 0 0 0 223 39 205 62 57 Commercial banks 241 39 21 200 183 122 3 7 Othffrprivate 601 19 13 0 7 5 5 1 Private nonguaranteed 0 0 0 0 0 23 21 209 Bonds 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 23 21 209 Memo: IBRD 0 0 0 0 0 0 0 13 16 20 IDA 0 0 0 0 0 0 0 0 0 0 NET FLOWS ON DEBT 11 138 234 -53 -88 -276 -133 105 Public and publicly guaranteed 11 138 234 -53 -88 -313 -137 9 Official creditors 57 59 268 348 10 19 -74 74 Multilateral 21 47 164 345 -11 100 -11 182 Concessional 0 0 0 0 0 0 0 0 Bilateral 36 12 103 3 21 -81 -63 -108 Concessional 0 33 ill 0 32 6 -6 -7 Private creditors -46 79 -34 -401 -98 -332 -63 -65 Bonds 65 0 0 -207 -6 -205 -62 -57 Commercial banks 411 87 -21 -194 -86 -122 -3 -7 Other private -522 -7 -13 0 -7 -5 2 - I Private nonguaranteed 0 0 0 0 0 38 4 96 Bonds 0 0 0 0 0 0 0 0 Comimercial banks 0 0 0 0 0 38 4 96 Memo: IBRD 0 0 0 92 3 246 15 40 85 176 IDA 0 0 0 0 0 0 0 0 0 0 128 BULGARIA (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 INTEREST PAYMENTS (LINT) 452 161 186 Ill 501 485 436 458 Public and publicly guaranteed 452 161 186 I11 501 465 423 445 Official creditors 14 86 104 71 179 173 146 140 Multilateral 1 3 15 23 27 62 73 64 62 Concessional 0 0 0 0 0 0 0 0 Bilateral 0 7 1 8 1 43 117 100 82 78 Concessional 0 0 0 2 4 9 8 7 Private creditors 438 75 82 41 323 292 277 305 Bonds 16 16 24 36 315 279 275 304 Comimercial banks ..337 53 55 5 7 12 1 1 Other private 85 7 3 0 1 1 0 0 Private nonguaranteed 0 0 0 0 0 20 13 13 Bonds ..0 0 0 0 0 0 0 0 Commnercial banks 0 0 0 0 0 20 13 13 Memo: IBRD 0 0 0 7 12 15 3 1 30 3 1 37 IDA 0 0 0 0 0 0 0 0 0 0 NET TRANSFERS ON DEBT -441 -23 48 -164 -589 -760 -569 -352 Public and publicly guaranteed -441 -23 48 -164 -589 -778 -560 -436 Official creditors 44 -27 164 278 -168 -155 -221 -66 Multilateral 8 33 141 317 -72 27 -75 120 Concessional 0 0 0 0 0 0 0 0 Bilateral 35 -60 23 -40 -96 -181 -145 -186 Concessional ..0 33 ill -2 28 -2 -13 -14 Private creditors -484 4 -116 -442 -421 -624 -339 -370 Bonds 49 -16 -24 -243 -321 -484 -337 -361 Commercial banks .. 74 34 -76 -199 -93 -133 -4 -8 Other private -608 -14 -17 0 -7 -6 2 -1 Private nonguar-anteed -.0 0 0 0 0 18 -9 84 Bonds ..0 0 0 0 0 0 0 0 Comimercial banks 0 0 0 0 0 18 -9 84 Memo: IBRD 0 0 0 85 -9 230 -16 10 54 140 IDA 0 0 0 0 0 0 0 0 0 0 DEBT SERVICE (LTDS) -- 1,317 300 271 561 824 960 783 1,045 Public and publicly guaranteed -- 1,317 300 271 561 824 917 749 823 Official creditors 37 166 154 97 274 294 403 453 Multilateral ... 36 7 1 66 47 87 96 255 267 Concessional ...0 0 0 0 0 0 0 0 Bilateral ...1 95 89 50 187 198 148 186 Concessional ...0 0 0 2 4 17 16 14 Private creditors ... 1,280 133 116 464 550 624 346 370 Bonds ... 16 1 6 24 259 354 484 337 361 Commnercial banks ... 578 92 76 205 189 133 4 8 Other private ... 686 26 1 7 0 7 6 5 1 Private nonguaranteed -.0 0 0 0 0 43 34 222 Bonds ...0 0 0 0 0 0 0 0 Commercial banks ...0 0 0 0 0 43 34 222 Memo: IBRD 0 0 0 7 12 15 3 1 43 47 57 IDA 0 0 0 0 0 0 0 0 0 0 UNDISBURSED DEBT - . 271 335 447 382 783 716 710 473 Official creditors ... 25 323 439 351 775 709 710 470 Private creditors ... 246 12 8 31 8 7 0 3 Memorandum items Concessional LDOD ... 77 35 142 153 186 179 159 162 Variable rate LDOD ... 7,714 7,478 7,394 6,687 7,175 7,081 6,871 7,175 Public sector LDOD ... 9,834 9,670 9,717 8,421 8,726 8,160 7,721 7,781 Private sector LDOD ...0 0 0 0 342 413 424 550 6. CL'RRE NCI'iCOMPOSITION OF L-ONG-TERNI DE BT i PERCENTI Deutsche mark .. 33.9 32.1 29.7 6.4 7.3 5.1 4.6 5.0 French franc ... 0.5 0.4 0.4 0.4 0.5 0.5 0.4 0.4 Japanese yen ... 6.6 6.7 8.3 8.8 8.1 6.5 5.4 4.8 Pound sterling ... 0.3 0.2 0.2 0.2 0.2 0.3 0.3 0.2 Swiss franc .. 7.7 6.7 6.5 1.1 1.1 1.0 1.0 0.8 U.S.dollars ... 42.1 45.5 45.7 71.8 67.1 70.2 75.2 82.2 Multiple currency ... 2.5 1.6 1.6 4.9 5.1 5.6 6.0 1.0 Special drawing rights ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 All other currencies ... 6.4 6.8 7.6 6.4 10.6 10.8 7.1 5.6 129 BULGARIA (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 7. DEBT RESTRUiCTiJRINGS Total amount rescheduled 0 271 17 5,306 54 17 0 0 Debt stock rescheduled 0 0 0 3,395 0 0 0 0 Principal rescheduled 0 219 16 222 41 0 0 0 Official ..0 219 16 153 36 0 0 0 Private 0 0 0 69 5 0 0 0 Interest rescheduled 0 52 1 1,678 10 0 0 0 Official 0 52 1 57 9 0 0 0 Private 0 0 0 1,621 1 0 0 0 Debt forgiven 0 0 0 0 0 21 7 0 Memo: interest forgiven 0 0 0 0 0 0 0 0 Debt stock reduction 0 0 0 2,871 0 0 0 0 of which debt buyback 0 0 0 423 0 0 0 0 8. DEBT STOCK-FLOW RECONCILIATION Total change in debt stocks 753 93 348 -2,397 500 -247 -200 48 Net flows on debt .. -14 -398 245 499 -221 -57 59 -81 Net change in interest arrears .. 226 760 290 -1,697 -36 52 81 2 Interest capitalized ..0 52 1 1,678 10 0 0 0 Debt forgiveness or reduction 0 0 0 -2,448 0 -21 -7 -64 Cross-currency valuation 728 -279 -154 232 132 -185 -206 124 Residual -188 -42 -34 -661 616 -35 -127 68 9. AVEPUGE TERMIS OF N-EW cormirrNIENTYS ALL CREDITORS Interest (%) ... 9.1 5.5 5.8 6.6 5.5 6.6 6.2 4.0 Maturity (years) ... 3.4 12.4 14.7 13.2 15.4 14.8 15.4 19.0 Grace period (years) ... 2.3 5.2 4.0 4.9 5.1 5.9 6.3 5.2 Grant element (%) ... 2.3 24.8 22.8 16.5 24.4 19.9 22.8 38.7 Official creditors Interest (%) ... 9.3 4.9 5.8 6.7 6.0 6.6 6.2 4.0 Maturity (years) ... 6.1 13.8 14.7 14.7 17.5 14.8 15.4 19.2 Grace period (years) ... 3.0 5.8 4.0 5.7 5.4 5.9 6.3 5.3 Grant element (%) ... 2.6 29.6 22.8 18.0 25.0 19.9 22.8 39.1 Private creditors Interest (%) ... 9.1 6.7 0.0 6.1 3.4 0.0 0.0 5.6 Maturity (years) ... 3.1 9.5 0.0 4.8 4.7 0.0 0.0 8.9 Grace period (years) ... 2.3 3.9 0.0 0.6 3.2 0.0 0.0 0.9 Grant element (%) ... 2.3 14.5 0.0 8.2 21.7 0.0 0.0 15.2 Memorandum items Commiitments ... 563 372 443 339 635 131 265 156 Official creditors ... 52 252 443 288 530 131 265 154 Private creditors ... 511 120 0 51 105 0 0 3 It). CONTRACTUAL OBLIGATIONS ON OU'TSTANDING LONC;-TERNI DEBT 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 TOTAL Disbursements 126 84 64 48 36 23 16 10 8 5 Principal 587 456 604 459 576 418 397 397 478 470 Interest 446 422 419 406 378 350 325 301 276 247 Official creditors Disbursements 124 83 63 47 36 23 16 10 8 5 Principal 330 267 499 287 260 207 153 153 138 130 Interest 161 144 125 96 81 66 54 46 37 29 Bilateral creditors Disbursements 26 39 26 17 10 5 3 0 0 0 Principal 269 184 329 195 112 99 14 19 8 8 Interest 76 60 44 24 14 8 4 3 3 3 Multilateral creditors Disbursements 99 44 37 30 26 18 14 10 8 5 Principal 60 82 170 93 148 108 139 135 130 122 Interest 86 84 8 1 72 67 58 5 1 42 34 26 Private creditors Disbursements 1 1 0 0 0 0 0 0 0 0 Principal 257 190 104 171 316 211 244 244 340 340 Interest 284 278 294 310 297 284 270 256 239 219 Commnercial banks Disbursements 1 1 0 0 0 0 0 0 0 0 Principal 103 19 19 0 0 0 0 0 0 0 Interest 7 3 1 0 0 0 0 0 0 0 Other private Disbursements 0 0 0 0 0 0 0 0 0 0 Principal 154 170 85 171 316 211 243 243 340 340 Interest 278 275 293 310 297 284 270 256 239 219 130 BURKINA FASO (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 199S 1996 1997 1998 1. SUM NIARI' DEBT DATA TOTAL DEBT STOCKS (EDT) 330 834 1,040 1,117 1,129 1,267 1,294 1,297 1,399 Long-term debt (LDOD) 21 281 750 979 1,066 1,040 1,136 1,160 1,139 1,229 Public and publicly guaranteed 21 281 750 979 1,066 1,040 1,136 1,160 1,139 1,229 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Use ofIMF credit 0 15 0 9 21 48 75 81 92 112 Short-term debt 35 84 52 30 41 56 53 66 59 of which interest ar-rears on LDOD 0 21 12 12 1 1 12 10 7 7 Officialicreditors 0 14 1 1 1 1 10 I11 8 5 5 Private creditors 0 7 1 1 1 1 2 2 2 Memo: principal arrears on LDOD 0 64 28 35 36 37 38 33 37 Official creditors 0 34 26 34 34 35 35 30 33 Private creditors ..0 30 2 1 2 3 3 3 4 Memo: export credits 0 200 148 79 65 98 83 86 85 TOTAL DEBT FLOWS Disbursements 2 70 79 143 151 132 139 113 89 104 Long-termndebt 2 65 79 143 138 107 112 103 7 1 86 vIMF purchases 1 4 0 0 12 25 27 1 0 1 8 1 8 Principal repayments 2 11 19 15 20 27 29 31 34 34 Long-termn debt 2 1 1 1 8 15 20 27 29 30 32 32 RIMFrepurchases 0 0 1 0 0 0 0 1 2 3 Net flows on debt 1 56 70 105 109 117 124 81 71 62 of which short-term debt -3 1 0 -24 -22 1 2 14 0 1 5 -7 Interest payments (INT) 12 16 19 18 17 20 17 18 18 Long-termndebt 0 6 1 0 14 16 1 5 1 7 1 5 1 5 1 5 IMF charges 0 0 0 0 0 0 0 1 0 1 Short-term debt ..5 6 5 2 2 2 2 3 3 Net transfers on debt 45 54 86 91 100 104 64 53 44 Total debt service paid (TDS) 22 34 33 38 44 49 49 52 53 Long-term debt 2 1 7 28 29 36 42 46 45 47 47 EMF repurchases and charges 0 0 1 0 0 0 0 2 2 3 Short-term debt (interest only) ..5 6 5 2 2 2 2 3 3 2.AGGREGATE NET RESOURCE FLOW%S AND NET TRANSFERS (LONG-TERMI) NET RESOURCE FLOWS 13 142 218 332 345 293 323 307 249 268 Net flow of long-term debt (ex. IMF) 0 55 61 128 119 80 83 73 39 54 Foreign direct investmnent (net) 0 0 0 0 0 1 0 0 0 0 Portfolio equity flows 0 0 0 0 0 0 0 0 0 0 Grants (excluding techniical coop.) 13 88 158 204 227 212 240 234 210 214 Memo: technical coop. grants 8 73 117 137 136 III 123 113 95 91 official net resource flows 13 138 219 332 345 292 323 307 249 268 private net resource flows 0 4 0 0 0 1 0 0 0 0 NET TRANSFERS 11 128 209 318 329 278 305 292 234 253 Interest on long-term debt 0 6 10 14 16 15 17 15 15 15 Profit remittances on FDI 2 9 0 0 0 0 0 0 0 0 Memo: official net transfers 13 135 209 318 329 277 305 292 234 253 private net transfers -1 -7 0 0 0 1 0 0 0 0 3. NMAJOR ECONOMIIC AGGREGATES Gross national product (GNP) 421 1,698 2,757 1,988 2,039 1,840 2,343 2,530 2,368 2,569 Exports of goods &services (XGS) .. 376 506 452 429 361 455 441 398 495 of which workers rerm-ittances .. 150 140 129 117 80 110 110 88 87 Imports of goods & services (MGS) .. 596 776 686 707 521 691 762 694 811 Intemational reserves (RES) 36 75 305 345 387 241 352 343 348 373 Current account balance .. -49 -77 -23 -71 15 -81 -232 -237 -225 4. DEBT INDICATORS EDT /XGS (% . 88.0 164.7 229.9 260.0 312.6 278.3 293.4 326.3 282.8 EDT /GNP% .. 19.5 30.3 52.3 54.8 61.3 54.1 51.1 54.8 54.5 TDS /XGS(% . 5.9 6.8 7.4 8.9 12.1 10.7 11.0 13.0 10.7 INT /XGS(% . 3.1 3.1 4.2 4.2 4.6 4.3 3.9 4.6 3.7 INT /GNP(% . 0.7 0.6 1.0 0.9 0.9 0.8 0.7 0.8 0.7 RES /EDT(% . 22.6 36.5 33.2 34.6 21.4 27.8 26.5 26.8 26.7 RES /MGS (months) . 1.5 4.7 6.0 6.6 5.6 6.1 5.4 6.0 5.5 Short-term /EDT (%) .. 10.6 10.1 5.0 2.7 3.6 4.4 4.1 5.1 4.2 Concessional /EDT (% . 67.0 71.6 78.9 81.9 80.2 79.0 83.9 83.1 83.7 Multilateral / EDT (%) .. 42.9 67.8 68.5 70.9 78.1 77.7 78.9 77.3 78.2 131 BURKINA FASO (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 5. LONG-TrERM% DEBT DEBT OUTSTANDING (LDOD) 21 281 750 979 1,066 1,040 1,136 1,160 1,139 1,229 Public and publicly guaranteed 21 281 750 979 1,066 1,040 1,136 1,160 1,139 1,229 Official creditors 21 261 712 973 1,062 1,036 1,131 1,155 1,135 1,225 Multilateral 0 142 565 712 792 881 984 1,021 1,003 1,094 Concessional 0 133 460 615 702 810 916 960 953 1,048 Bilateral 21 119 147 262 270 154 147 134 132 130 Concessional 18 89 138 205 213 96 86 125 124 122 Private creditors 0 20 38 5 4 4 5 4 4 4 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 1 1 0 0 0 0 0 0 0 Otier private 0 19 38 5 4 4 5 4 4 4 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 0 0 Memo: IBRD 0 0 0 0 0 0 0 0 0 0 IDA 0 77 282 364 425 518 608 636 636 710 DISBURSEMENTS 2 65 79 143 138 107 112 103 71 86 Public and publicly guaranteed 2 65 79 143 138 107 112 103 71 86 Official creditors 2 59 79 143 138 107 112 103 71 86 Multilateral 0 26 45 110 118 100 106 90 66 83 Concessional 0 22 34 104 112 98 104 89 65 83 Bilateral 2 33 34 33 21 7 6 13 5 2 Concessional 1 19 34 29 19 7 6 13 5 2 Private creditors 0 6 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 0 0 Other private 0 6 0 0 0 0 0 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Comimercial banks 0 0 0 0 0 0 0 0 0 0 Memo: IBRD 0 0 0 0 0 0 0 0 0 0 IDA 0 12 15 50 64 79 85 50 35 58 PRINCIPAL REPAYMENTS 2 11 18 15 20 27 29 30 32 32 Public and publicly guaranteed 2 11 18 15 20 27 29 30 32 32 Official creditors 2 8 18 15 20 27 29 30 32 32 Multilateral 0 3 13 14 18 25 24 25 27 27 Concessional 0 2 10 8 10 17 16 20 21 22 Bilateral 2 5 4 1 2 2 5 5 5 5 Concessional 1 3 3 1 1 1 4 4 4 5 Private creditors 0 2 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Comimercial banks 0 0 0 0 0 0 0 0 0 0 Other private 0 2 0 0 0 0 0 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Comimercial banks 0 0 0 0 0 0 0 0 0 0 Memo: IBRD 0 0 0 0 0 0 0 0 0 0 IDA 0 0 1 2 3 3 4 4 4 6 NET FLOWS ON DEBT 0 55 61 128 119 80 83 73 39 54 Public and publicly guaranteed 0 55 61 128 119 80 83 73 39 54 Official creditors 0 51 61 128 119 80 83 73 39 54 Multilateral 0 23 32 96 100 75 82 65 40 57 Concessional 0 21 24 96 102 81 88 70 45 62 Bilateral 0 28 29 32 19 5 1 7 -1 -3 Concessional 1 16 31 29 18 6 2 9 0 -3 Private creditors 0 4 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 0 0 Other private 0 4 0 0 0 0 0 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 0 0 Memo: IBRD 0 0 0 0 0 0 0 0 0 0 IDA 0 12 14 48 61 76 81 46 30 53 132 BURKINA FASO (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 INTEREST PAYMENTS (LINT) 0 6 10 14 16 15 17 15 15 15 Public and publicly guaranteed 0 6 10 14' 16 15 17 15 15 15 Official creditors 0 4 10 14 16 15 17 15 15 15 Multilateral 0 2 7 9 11 I11 11 13 12 12 Concessional 0 1 4 5 5 6 7 10 9 9 Bilateral 0 2 3 5 5 4 6 2 4 3 Concessional 0 1 3 1 1 1 1 1 3 3 Private creditors 0 3 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 0 0 Other private 0 2 0 0 0 0 0 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Conimercial banks 0 0 0 0 0 0 0 0 0 0 Memo: IBRD 0 0 0 0 0 0 0 0 0 0 IDA 0 1 2 3 3 3 4 5 5 5 NET TRANSFERS ON DEBT -1 49 51 114 103 65 65 58 24 39 Public and publicly guaranteed -1 49 51 114 103 65 65 58 24 39 Official creditors 0 47 51 114 103 65 65 58 24 39 Multilateral 0 22 25 87 88 64 70 52 28 45 Concessional 0 20 20 91 97 75 81 60 35 52 Bilateral 0 26 27 27 14 1 -5 6 -4 -6 Concessional 0 16 28 27 17 5 1 8 -3 -6 Private creditors 0 1 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 0 0 Other private 0 2 0 0 0 0 0 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 0 0 Memo: IBRD 0 0 0 0 0 0 0 0 0 0 IDA 0 11 12 45 58 73 77 42 26 48 DEBT SERVICE (LTDS) 2 17 28 29 36 42 46 45 47 47 Public and publicly guaranteed 2 17 28 29 36 42 46 45 47 47 Official creditors 2 12 28 29 36 42 46 45 47 47 Multilateral 0 5 21 23 30 36 36 38 38 38 Concessional 0 3 14 13 16 23 23 29 30 31 Bilateral 2 7 7 6 6 5 11 7 9 8 Concessional 1 3 6 2 2 1 5 5 8 8 Private creditors 0 5 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Conimercial banks 0 0 0 0 0 0 0 0 0 0 Other private 0 5 0 0 0 0 0 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commnercial banks 0 0 0 0 0 0 0 0 0 0 Memo: IBRD 0 0 0 0 0 0 0 0 0 0 IDA 0 1 3 5 6 6 8 9 9 11 UNDISBURSED DEBT 10 218 540 582 549 540 463 366 401 434 Official creditors 9 214 525 568 536 525 448 351 389 420 Private creditors 1 4 1 5 14 1 3 14 16 15 1 3 14 Memorandum items Concessional LDOD 18 221 597 820 914 906 1,001 1,085 1,077 1,171 Variable rate LDOD 0 12 2 6 6 6 7 0 0 0 Public sector LDOD 21 276 749 979 1,066 1,040 1,136 1,160 1,139 1,229 Private sector LDOD 0 5 1 0 0 0 0 0 0 0 6. CURRENCY COMPOSITION OF LONG-TERM DEBT iPE-RCENT)--- Deutsche mark 10.1 12.1 0.0 0.1 0.1 0.1 0.1 0.1 0.1 0.1 French franc 32.7 31.3 16.6 18.3 16.9 7.0 6.5 3.6 3.5 3.2 Japanese yen 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Pound sterling 20.2 0.7 0.5 0.4 0.3 0.4 0.3 0.0 0.0 0.0 Swiss franc 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 U.S.dollars 0.0 28.8 39.2 40.0 42.9 52.8 56.0 61.0 62.4 63.8 Multiple cuffency 0.0 8.9 15.3 16.9 17.4 19.2 18.8 19.2 19.1 19.4 Special drawing rights 0.0 0.0 2.1 2.5 2.3 2.3 2.2 2.1 2.0 1.7 All other currencies 37.0 18.2 26.3 21.8 20.1 18.2 16.1 14.0 12.9 11.8 133 BURKINA FASO (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 7. DEBT RESTRLFCTITRINGS Total amount rescheduled 0 14 6 0 0 44 1 0 Debt stock rescheduled 0 0 0 0 0 44 0 0 Principal rescheduled 0 8 3 0 0 0 0 0 Official 0 7 3 0 0 0 0 0 Private 0 0 1 0 0 0 0 0 Interest rescheduled 0 5 2 0 0 0 0 0 Official 0 5 2 0 0 0 0 0 Private 0 0 0 0 0 0 0 0 Debt forgiven 5 0 2 123 15 3 1 1 Memo: interest forgiven ..0 0 2 0 0 0 0 0 Debt stock reduction ..0 0 0 0 0 16 0 0 of which debt buyback ..0 0 0 0 0 0 0 0 8. DEBT STOCK-FLOW~ RECONCIL[ATION Total change in debt stocks 117 72 77 12 138 27 3 102 Net flows on debt 1 56 70 105 109 117 124 81 71 62 Net change in interest arrears 6 0 0 -1 1 -2 -3 0 Interest capitalized ...0 5 2 0 0 0 0 0 Debt forgiveness or reduction ... -5 0 -2 -123 -15 -18 -1 -1 Cross-currency valuation .. 37 -23 -20 4 15 -8 -15 8 Residual ..9 -14 -13 15 13 -25 -49 33 9. AVERAGE TERMS OF NEW CONIUMITNI ENTIS ALL CREDITORS Interest (%) 2.3 4.3 2.5 0.8 1.2 0.9 0.8 1.2 0.6 3.0 Maturity (years) 36.3 21.5 27.5 41.6 33.0 38.0 39.9 31.6 42.8 22.0 Gracecperiod (years) 8.1 6.5 8.7 10.0 8.0 9.8 10.4 8.5 10.4 6.0 Grant element (%) 61.9 37.8 59.0 80.6 69.4 78.4 80.8 70.3 82.9 47.7 Official creditors Interest (%) 1.7 4.0 2.5 0.8 1.2 0.9 0.8 1.2 0.6 3.0 Maturity (years) 40.6 23.0 27.5 41.6 33.0 38.0 39.9 31.6 42.8 22.0 Grace period (years) 8.9 7.0 8.7 10.0 8.0 9.8 10.4 8.5 10.4 6.0 Grant element (%) 69.4 40.9 59.0 80.6 69.4 78.4 80.8 70.3 82.9 47.7 Private creditors Interest (%) 6.8 7.3 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Maturity (years) 7.2 5.6 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Grace period (years) 2.8 1.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Grant element (%) 11.3 6.6 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memorandum items Commitments 9 115 90 169 105 100 37 24 132 108 Official creditors 8 104 90 169 105 100 37 24 132 108 Private creditors 1 10 0 0 0 0 0 0 0 0 10. CONTRACTLuAL OBLIGATIONS ON OUrTSTANDING LONG-TERMI DEBT Iw4 "11.I.10"' ''.)4 '.f '9' 20.S TOTAL Disbursements 119 118 76 49 28 12 7 4 2 1 Principal 36 38 39 42 45 47 47 47 47 49 Interest 15 15 15 15 15 15 15 14 13 13 Official creditors Disbursements 119 118 76 49 28 12 7 4 2 1 Principal 36 38 39 42 45 47 47 47 47 49 Interest 15 15 15 15 15 15 15 14 13 13 Bilateral creditors Disbursements 12 16 1 1 8 5 3 2 2 1 1 Principal 7 7 7 7 8 8 8 9 9 9 Interest 3 3 3 3 3 4 4 3 3 3 Multilateral creditors Disbursements 106 102 65 41 23 9 5 2 1 0 Principal 29 3 1 33 35 37 39 39 38 38 40 Interest 12 12 12 12 12 12 1 1 1 1 10 10 Private creditors Disbursements 0 0 0 0 0 0 0 0 0 0 Principal 0 0 0 0 0 0 0 0 0 0 Interest 0 0 0 0 0 0 0 0 0 0 Commercial banks Disbursements 0 0 0 0 0 0 0 0 0 0 Principal 0 0 0 0 0 0 0 0 0 0 Interest 0 0 0 0 0 0 0 0 0 0 Other private Disbursements 0 0 0 0 0 0 0 0 0 0 Principal 0 0 0 0 0 0 0 0 0 0 Interest 0 0 0 0 0 0 0 0 0 0 134 BURUNDI (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 1. SUMtNIARY DEBT DATA TOTAL DEBT STOCKS (EDT) 166 907 1,022 1,061 1,123 1,158 1,127 1,066 1,119 Long-term debt (LDOD) 7 118 851 947 998 1,062 1,095 1,081 1,022 1,079 Public and publicly guaranteed 7 118 851 947 998 1,062 1,095 1,081 1,022 1,079 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Use of IMF credit 8 36 43 62 58 56 48 38 28 20 Short-term debt 12 13 13 5 6 15 8 16 20 of which interest arrears on LDOD 0 0 1 1 1 2 5 9 12 Official creditors 0 0 1 1 1 2 5 9 12 Private creditors 0 0 0 0 0 0 0 0 0 Memo: principal arrears on LDOD 0 0 6 12 12 3 15 27 44 Official creditors 0 0 6 12 12 3 15 27 44 Private creditors 0 0 0 0 0 0 0 0 0 Memo: export credits 0 15 15 5 5 2 0 0 0 TOTAL DEBT FLOWS Disbursements 4 45 96 126 77 53 45 35 19 31 Long-term debt 1 39 96 107 77 53 45 35 19 31 IMF purchases 3 6 0 1 8 0 0 0 0 0 0 Principal repayments 1 4 28 24 23 28 27 21 20 21 Long-term debt 0 4 28 22 19 22 18 12 12 1 3 IMfrepurchases 0 0 1 2 4 6 9 9 8 9 Net flows on debt 3 40 65 101 45 25 26 4 3 10 of wbich short-term debt -1 -3 -1 -8 1 8 -10 4 1 Interest payments (INT) 4 14 16 13 13 12 10 9 9 Long-term debt 0 2 12 14 12 12 11 9 9 8 IMvF charges 0 1 0 0 0 0 0 0 0 0 Short-term debt 2 2 1 1 1 1 0 0 1 Net transfers on debt .. 36 51 85 32 12 15 -5 -6 1 Total debt service paid (TDS) ..9 42 40 36 41 39 31 29 30 Long-term debt 1 6 40 36 31 34 29 21 21 21 IMEF repurchases and charges 0 1 1 3 5 6 9 9 8 9 Short-term debt (interest only) 2 2 1 1 1 1 0 0 1 2. AGG;REGATE NET RESOURCE FLO%VS AND NET TRANSFERS tLONG-TERIM) NET RESOURCE FLOWS 8 74 205 238 169 274 258 96 54 70 Net flow of long-term debt (ex. IMF) 1 35 69 86 58 31 27 23 7 18 Foreign direct investment (net) 0 0 1 1 0 0 2 1 1 1 Portfolio equity flows 0 0 0 0 0 0 0 0 0 0 Grants (excluding technical coop.) 7 39 135 151 112 243 229 72 46 51, Memo: technical coop. grants 11 45 61 79 57 49 44 3 19 13 official net resource flows 8 76 210 239 171 275 257 96 53 68 private net resource flows 0 -3 -5 -1 -1 -1 1 0 1 2 NET TRANSFERS 8 72 189 220 154 259 244 85 44 61 Interest on long-term debt 0 2 12 14 12 12 11 9 9 8 Profit remiittances on FDI 0 0 3 4 3 3 3 2 1 1 Memo: official net transfers 8 76 198 225 159 262 246 87 44 60 private net transfers 0 -4 -9 -6 -4 -4 -2 -2 0 1 3. NIAJOR ECONONEUC AGGREGATES Gross national product (GNP) 235 922 1,117 1,072 965 912 988 886 944 872 Exports of goods &services (XGS) ... 98 108 100 104 139 57 100 76 of which workers remittances ...0 0 0 0 0 0 0 Imports of goods &services (MGS) ... 341 347 310 286 300 159 156 188 Intemational reserves (RES) 15 105 112 180 170 211 216 146 118 70 Current account balance ... -69 -60 -28 -17 -8 -40 4 -103 4. DEBT INDICATORS EDT /XGS ()... 929.1 943.0 1,064.7 1,083.4 830.9 1,973.7 1,062.3 1,481.4 EDT /GNP(% . 18.0 81.2 95.4 110.0 123.2 117.2 127.1 112.9 128.3 TDS / XGS ()... 43.4 36.5 36.2 39.5 27.7 53.6 29.0 40.0 INT /XGS ()... 14.4 14.5 13.0 12.6 8.5 16.8 9.0 11.7 INT /GNP(% . 0.5 1.3 1.5 1.4 1.4 1.2 1.1 1.0 .. 1.0 RES /EDT(% . 63.2 12.3 17.6 16.0 18.8 18.7 13.0 11.1 6.3 RES /MGS (months) ... 3.9 6.2 6.6 8.9 8.7 11.0 9.1 4.5 Short-term /EDT (%) .. 7.2 1.5 1.3 0.5 0.5 1.3 0.7 1.5 1.8 Concessional / EDT (% . 62.6 85.9 87.1 89.2 90.1 90.4 92.3 92.8 93.7 Multilateral /EDT (%) .. 35.7 72.8 74.6 77.0 78.4 80.0 81.8 81.9 82.3 135 BURUNDI (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 5. LONG-TERM~ DEBT' DEBT OUTSTANDING (LDOD) 7 118 851 947 998 1,062 1,095 1,081 1,022 1,079 Public and publicly guaranteed 7 118 851 947 998 1,062 1,095 1,081 1,022 1,079 Official creditors 6 110 842 943 995 1,060 1,093 1,080 1,021 1,078 Multilateral 5 59 660 763 817 881 926 921 872 921 Concessional 1 55 598 710 768 833 880 882 840 891 Bilateral 1 51 182 180 179 179 167 159 149 157 Concessional 1 49 182 180 179 179 167 159 149 157 Private creditors 2 8 9 4 3 2 2 1 1 1 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 5 1 0 0 0 0 0 0 0 Other private 1 4 8 4 3 2 2 1 1 1 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 0 0 Memo: IBRD 3 0 0 0 0 0 0 0 0 0 IDA 1 37 398 473 509 556 591 588 567 603 DISBURSEMENTS 1 39 96 107 77 53 45 35 19 31 Public and publicly guaranteed 1 39 96 107 77 53 45 35 19 31 Official creditors 1 39 94 107 77 53 45 35 19 30 Multilateral 1 21 64 85 69 48 41 34 16 30 Concessional 0 20 61 82 68 47 40 33 16 30 Bilateral 0 18 30 23 7 5 4 1 3 0 Concessional 0 18 30 23 7 5 4 1 3 0 Private creditors 0 0 2 0 0 0 0 0 0 1 Bonds 0 0 0 0 0 0 0 0 0 0 Comimercial banks 0 0 0 0 0 0 0 0 0 0 Other private 0 0 2 0 0 0 0 0 0 1 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 0 0 Memo: IBRD 0 0 0 0 0 0 0 0 0 0 IDA 0 12 49 49 36 28 27 17 12 24 PRINCIPAL REPAYMENTS 0 4 28 22 19 22 18 12 12 13 Public and publicly guaranteed 0 4 28 22 19 22 18 12 12 13 Official creditors 0 1 19 20 18 21 17 12 12 13 Multilateral 0 0 11 13 11 15 12 11 12 12 Concessional 0 0 6 7 8 10 8 5 8 8 Bilateral 0 1 8 6 7 6 5 1 0 0 Concessional 0 1 8 6 7 6 5 1 0 0 Private creditors 0 3 8 2 1 1 1 1 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Conmmercial banks 0 2 5 0 0 0 0 0 0 0 Other private 0 1 3 2 1 1 1 1 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 0 0 Memo: IBRD 0 0 0 0 0 0 0 0 0 0 IDA 0 0 1 2 2 2 3 3 4 6 NET FLOWS ON DEBT 1 35 69 86 58 31 27 23 7 18 Public and publicly guaranteed 1 35 69 86 58 31 27 23 7 18 Official creditors 1 38 75 88 59 32 28 23 7 17 Multilateral 1 20 53 71 58 33 29 23 4 18 Concessional 0 20 55 74 60 37 32 28 8 22 Bilateral 0 17 22 17 1 -1 -1 1 3 0 Concessional 0 17 22 17 1 -1 -1 1 3 0 Private creditors 0 -3 -6 -2 -1 -1 -1 -1 0 1 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 -1 -5 0 0 0 0 0 0 0 Other private 0 -1 -1 -2 -1 -1 - I -1 0 1 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 0 0 Memo: IBRD 0 0 0 0 0 0 0 0 0 0 IDA 0 12 48 48 35 26 24 14 7 19 136 BURUNDI (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 INTEREST PAYMENTS (LINT) 0 2 12 14 12 12 11 9 9 8 Public and publicly guaranteed 0 2 12 14 12 12 11 9 9 8 Official creditors 0 1 11 14 12 12 11 9 9 8 Multilateral 0 1 9 11 9 9 9 9 9 7 Concessional 0 0 5 6 6 6 6 6 7 6 Bilateral 0 0 2 3 3 3 2 0 0 1 Concessional 0 0 2 3 3 3 2 0 0 1 Private creditors 0 1 1 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Comirercial baniks 0 1 1 0 0 0 0 0 0 0 Other private 0 0 1 0 0 0 0 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 0 0 Memo: IBRD 0 0 0 0 0 0 0 0 0 0 IDA 0 0 3 3 3 4 5 4 5 4 NET TRANSFERS ON DEBT 1 33 56 72 46 19 16 14 -2 10 Public and publicly guaranteed 1 33 56 72 46 19 16 14 -2 10 Official creditors 1 37 64 74 47 19 17 15 -2 10 Multilateral 1 20 44 61 50 24 20 14 -5 11 Concessional 0 20 51 68 55 31 26 22 1 16 Bilateral 0 17 20 13 -3 -5 -3 1 3 -1 Concessional 0 17 20 13 -3 -5 -3 1 3 -1 Pr~ivate creditors 0 -4 -7 -2 -1 -1 -1 -1 0 1 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 -2 -6 0 0 0 0 0 0 0 Other private 0 -2 -1 -2 -1 -1 -1 -1 0 1 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 0 0 Memo: IiBRD 0 0 0 0 0 0 0 0 0 0 IDA 0 11 45 44 31 21 20 10 3 15 DEBT SERVICE (LTDS) 1 6 40 36 31 34 29 21 21 21 Public and publicly guaranteed 1 6 40 36 31 34 29 21 21 21 Official creditors 1 2 30 33 30 33 28 21 21 21 Multilateral 1 1 20 24 20 24 20 20 21 19 Concessional 0 0 10 13 14 16 15 11 15 14 Bilateral 0 1 10 10 10 9 8 1 0 Concessional 0 1 10 10 10 9 8 1 0 1 Private creditors 0 4 9 2 1 1 1 1 0 0 Bonds.- 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 2 6 0 0 0 0 0 0 0 Other private 0 2 4 2 1 1 1 1 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 0 0 Memo: IBRD 0 0 0 0 0 0 0 0 0 0 IDA 0 0 4 5 5 6 8 7 9 10 UNDISBURSED DEBT 2 184 459 426 410 369 311 232 145 119 Officialicreditors 2 184 459 426 410 368 311 232 145 119 Private creditors 0 0 0 0 0 0 0 0 0 0 Memorandum items Concessional LDOD 2 104 780 891 946 1,012 1,047 1,041 989 1,048 Variable rate LDOD 0 0 0 0 0 0 0 0 0 0 Public sector LDOD 6 117 850 946 998 1,062 1,095 1,081 1,022 1,079 Private sector LDOD 2 1 2 2 0 0 0 0 0 0 6. CUIRRENCI'COMIPOSITION OF LONG-TERIN DEBT iPERCENTi Deutsche mark 17.8 1.8 0.5 0.2 0.1 0.1 0.1 0.1 0.1 0.1 French franc 0.0 1.1 4.4 5.8 5.5 5.8 6.1 5.8 5.3 5.4 Japanese yen 0.0 0.0 2.0 2.8 3.0 3.1 2.9 2.6 2.5 2.6 Pound sterling 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Swiss franc 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 U.S.dollars 15.1 34.4 50.3 52.4 52.9 53.5 54.9 55.3 56.4 56.9 Multiple currency 34.2 16.1 21.6 21.0 21.5 22.0 22.4 22.9 22.2 21.7 Special draAring rights 0.0 0.0 2.8 2.5 2.3 2.3 2.0 1.9 1.8 1.8 All other currencies 32.9 46.6 18.4 15.3 14.7 13.2 11.6 11.4 11.7 11.5 137 BURUNDI (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 7. DEBT RESTRU'CTURINGS Total amount rescheduled 0 0 0 0 0 0 0 0 Debt stock rescheduled . 0 0 0 0 0 0 0 Principal rescheduled ...0 0 0 0 0 0 0 0 Official 0 0 0 0 0 00 0 Private 0 0 0 0 0 (10 0 Interest rescheduled 0 0 0 0 0 (10 0 Official ..0 0 0 0 0 (10 0 Private 0 0 0 0 0 0 0 0 Debt forgiven 105 5 0 0 16 0 0 0 Memo: interest forgiven 1 0 0 0 1 0 0 0 Debt stock reduction 0 0 0 0 0 0 0 0 of which debt buyback 0 0 0 0 0 0 0 0 8. DEBT STOCK-FLOW RECONCILIATIlON Total change in debt stocks 1 9 59 3 9 62 3 5 -31 -61 53 Net flows on debt 3 40 65 101 45 25 26 4 3 10 Net change in interest arrears -1 1 1 0 1 3 4 4 Interest capitalized ...0 0 0 0 0 0 0 0 Debt forgiveness or reduction ... -105 -5 0 0 -16 0 0 0 Cross-currency valuation ... 16 -12 -4 12 1 1 -11 -18 13 Residual ... 43 -26 -3 24 12 -27 -50 27 9. AAERAGE TERMS OF NEW COMNIMFMENTS ALL CREDITORS Interest (%) 2.9 1.3 0.9 0.7 1.1 0.8 0.8 0.0 0.0 2.0 Maturity (years) 4.7 41.8 40.1 41.1 45.0 49.8 38.0 0.0 0.0 3.1 Grace period (years) 2.2 8.9 10.3 10.2 10.0 10.3 9.8 0.0 0.0 0.2 Grant element (%) 20.3 73.6 78.7 80.6 78.7 83.3 78.4 0.0 0.0 12.2 Ofricial creditors Interest (%) 2.3 1.3 0.9 0.7 1.1 0.8 0.8 0.0 0.0 0.0 Maturity (years) 4.8 41.8 40.1 41.1 45.0 49.8 38.0 0.0 0.0 0.0 Grace period (years) 2.5 8.9 10.3 10.2 10.0 10.3 9.8 0.0 0.0 0.0 Grant element (%) 22.5 73.6 78.7 80.6 78.7 83.3 78.4 0.0 0.0 0.0 Private creditors Interest (%) 7.6 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 2.0 Maturity (years) 3.6 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 3.1 Grace period (years) 0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.2 Grant element (%) 3.8 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 12.2 Memorandum items Comm-itments 1 102 126 82 7 1 7 39 0 0 1 Official creditors 1 102 126 82 7 1 7 39 0 0 0 Private creditors 0 0 0 0 0 0 0 0 0 1 10. CONTRAC'TUAL OBLIGATIONS ON OUTSTANDING LONG-TERMI DEBT 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 TOTAL Disbursements 47 31 18 12 6 2 1 1 0 0 Principal 41 36 36 34 32 32 31 32 33 33 Interest 11I 10 10 9 8 8 8 7 7 7 Official creditors Disbursements 47 3 1 1 8 12 6 2 1 1 0 0 Principal 40 36 36 34 32 32 3 1 32 33 33 Interest 11I 10 10 9 8 8 8 7 7 7 Bilateral creditors Disbursements 10 8 5 2 1 1 1 1 0 0 Principal 16 13 13 12 10 9 8 7 7 7 Interest 2 2 2 2 2 2 1 1 1 1 Multilateral creditors Disbursements 37 23 14 9 4 1 0 0 0 0 Principal 24 23 24 23 22 23 23 25 26 26 Interest 8 8 7 7 7 7 6 6 6 6 Private creditors Disbursements 0 0 0 0 0 0 0 0 0 0 Principal 1 0 0 0 0 0 0 0 0 0 Interest 0 0 0 0 0 0 0 0 0 0 Commnercial banks Disbursements 0 0 0 0 0 0 0 0 0 0 Principal 0 0 0 0 0 0 0 0 0 0 Interest 0 0 0 0 0 0 0 0 0 0 Other private Disbursements 0 0 0 0 0 0 0 (10 0 Principal 1 0 0 0 0 0 0 (10 0 Interest 0 0 0 0 0 0 0 (10 0 138 CAMBODIA (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 1. SUMMARY DEBT DATA TOTAL DEBT STOCKS (EDT) 1,854 1,840 1,829 1,915 2,035 2,100 2,129 2,210 Long-term debt (LDOD) 1,688 1,680 1,685 1,745 1,946 2,013 2,031 2,102 Public and publicly guaranteed 1,688 1,680 1,685 1,745 1,946 2,013 2,031 2,102 Private nonguaranteed ..0 0 0 0 0 0 0 0 Use of IMF credit 0 0 27 15 9 30 72 69 65 67 Short-term debt 140 145 135 140 17 19 33 42 of which interest arrears on LDOD 107 113 104 110 5 5 7 1 1 Official creditors 106 113 103 110 5 5 7 1 1 Private creditors 0 0 0 0 0 0 0 0 Memo: principal arrears on LDOD 393 328 447 577 588 708 828 949 Official creditors 393 328 447 577 588 708 828 949 Private creditors 0 0 0 0 0 0 0 0 Memo: export credits 8 8 1 3 22 17 10 1 3 1 0 TOTAL DEBT FLOWS Disbursements 0 0 14 75 128 77 40 56 Long-term debt 0 0 5 55 85 77 40 56 IMF purchases 0 0 0 0 9 20 43 0 0 0 Principal repayments ..0 11 15 0 4 4 4 6 Long-term debt 0 0 0 0 4 4 4 4 IMF repurchases 0 0 0 1 1 1 5 0 0 0 0 1 Net flowson debt - 15 -11 -1 73 106 74 49 56 of which short-term debt ... 15 0 0 -2 -18 1 13 5 Interest payments (INT) -- 30 2 19 2 2 6 6 7 Long-term debt ... 29 1 0 0 1 4 5 5 lIMF charges 0 0 0 0 1 8 1 1 1 1 1 Short-termndebt ...1 1 1 1 1 1 1 2 Net transfers on debt - -15 -13 -21 71 103 68 43 48 Total debt service paid (TDS) . - 30 13 34 2 6 10 10 13 Long-term debt ... 29 1 0 0 5 8 9 9 IMF repurchases and charges 0 0 0 1 1 33 1 1 1 1 2 Short-termn debt (interest only) I.. 1 1 1 1 1 1 2 2. AGG REGATYE-NET RESOURCE FLO%% S AND N ET TRAXNSFERS (LONG-TE RMII NET RESOURCE FLOWS . - 23 132 235 287 544 560 406 343 Net flow of long-termndebt (ex. IMF ..0 0 5 55 8 1 73 36 52 Foreign direct investment (net) ...0 33 54 69 151 294 203 121 Portfolio equsity flows ...0 0 0 0 0 0 0 0 Grants (excluding technical coop.) ... 23 99 176 163 312 194 167 170 Memo: technical coop. grants ... 1 9 107 124 116 143 150 123 121 official net resource flows ... 23 99 181 218 381 269 206 225 private net resource flows ...0 33 54 69 164 290 200 118 NET TRANSFERS -. -6 132 234 284 541 556 402 338 Interest on long-term debt ... 29 1 0 0 1 4 5 5 Profit remittances on FDI .. 0 0 2 2 2 0 0 0 Memo: official net transfers ... -6 99 181 217 380 265 202 220 private net transfers ...0 33 53 67 162 290 200 118 3. MA~JOR ECONONMIC AGGREGATES Gross national product (GNP) ... 1,115 1,980 2,012 2,399 2,907 3,111 3,040 2,845 Exports of goods &services (XGS) ... . 323 357 556 989 829 922 843 of which workers remittances ...9 9 10 10 10 10 10 Imports of goods &services (MGS) ... . 528 608 933 1,442 1,385 1,311 1,354 Intemational reserves (RES) ... 24 118 192 266 299 324 Current account balance ..-93 -104 -157 -186 -185 -210 -224 4. DEBT INDICATORS EDT /XGS(% ... 569.3 512.3 344.1 205.8 253.4 230.8 262.1 EDT / GNP ()... 166.4 92.9 90.9 79.8 70.0 67.5 70.0 77.7 TDS /XGS(% * 4.0 9.6 0.3 0.7 1.2 1.1 1.5 INT / XGS (% .. . 0.6 5.4 0.3 0.2 0.7 0.6 0.9 INT /GNP(% ... 2.7 0.1 1.0 0.1 0.1 0.2 0.2 0.3 RES /EDT(% ...... 1.3 6.2 9.4 12.7 14.0 14.7 RES / MGS (months) .. ... 0.5 1.5 1.6 2.3 2.7 2.9 Short-term /EDT (%) ... 7.5 7.9 7.4 7.3 0.9 0.9 1.5 1.9 Concessional /EDT (). . 91.0 91.3 92.1 90.9 93.0 93.6 93.3 93.2 Multilateral /EDT (%) ... 0.1 0.0 0.3 3.0 5.8 8.9 10.1 12.5 139 CAMBODIA (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 5. LONG-TERM DEBT DEBT OUTSTANDING (LDOD) 1,688 1,680 1,685 1,745 1,946 2,013 2,031 2,102 Public and publicly guaranteed 1,688 1,680 1,685 1,745 1,946 2,013 2,031 2,102 Official creditors 1,688 1,680 1,685 1,745 1,934 2,003 2,025 2,099 Multilateral 1 0 5 58 118 188 215 276 Concessional 1 0 5 58 118 188 215 276 Bilateral 1,686 1,680 1,680 1,687 1,816 1,815 1,810 1,822 Concessional 1,686 1,680 1,680 1,683 1,776 1,778 1,771 1,783 Private creditors 0 0 0 0 1 3 10 6 3 Bonds 0 0 0 0 0 0 0 0 Commnercial banks 0 0 0 0 0 0 0 0 Other private 0 0 0 0 1 3 it) 6 3 Private nonguaranteed 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 Commnercial banks 0 0 0 0 0 0 0 0 Memo: IBRD 0 0 0 0 0 0 0 0 0 0 IDA 0 0 0 0 0 39 65 108 132 157 DISBURSEMENTS 0 0 5 55 85 77 40 56 Public and publicly guaranteed 0 0 5 55 85 77 40 56 Official creditors 0 0 5 55 69 77 40 56 Multilateral 0 0 5 50 61 77 40 47 Concessional 0 0 5 50 61 77 40 47 Bilateral 0 0 0 4 9 00 9 Concessional 0 0 0 0 9 0 0 9 Private creditors 0 0 0 0 1 6 0 0 0 Bonds 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 (10 0 Other private 0 0 0 0 1 6 (10 0 Private nonguaranteed 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 Memo: IBRD 0 0 0 0 0 0 0 00 0 IDA 0 0 0 0 0 38 25 46 30 19 PRINCIPAL REPAYMENTS 0 0 0 0 4 4 4 4 Public and publicly guaranteed 0 0 0 0 4 4 4 4 Official creditors 0 0 0 0 1 1 1 1 Multilateral 0 0 0 0 0 (10 0 Concessional 0 0 0 0 0 0 0 0 Bilateral 0 0 0 0 1 1 1 Concessional 0 0 0 0 0 00 0 Private creditors 0 0 0 0 3 3 3 3 Bonds 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 Other private 0 0 0 0 3 3 3 3 Private nonguaranteed 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 00 0 Memo: IBRD 0 0 0 0 0 0 0 (10 0 IDA 0 0 0 0 0 0 0 0 0 0 NET FLOWS ON DEBT 0 0 5 55 81 73 36 52 Public and publicly guaranteed 0 0 5 55 81 73 36 52 Official creditors 0 0 5 55 68 76 39 55 Multilateral 0 0 5 50 61 77 40 47 Concessional 0 0 5 50 61 77 40 47 Bilateral 0 0 0 4 8 -1 -1 8 Concessional 0 0 0 0 9 0 0 9 Private creditors 0 0 0 0 13 -3 -3 -3 Bonds 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 Other private 0 0 0 0 1 3 -3 -3 -3 Private nonguaranteed 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 00 0 Commercial banks 0 0 0 0 0 0 0 0 Memo: IBRD 0 0 0 0 0 0 0 0 0 0 IDA 0 0 0 0 0 38 25 46 30 19 140 CAMBODIA (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 INTEREST PAYMENTS (LINT) 29 1 0 0 1 4 5 5 Public and publicly guaranteed 29 1 0 0 1 4 5 5 Official creditors 29 1 0 0 1 4 5 5 Multilateral 0 1 0 0 1 1 2 2 Concessional 0 1 0 0 1 1 2 2 Bilateral .. 29 0 0 0 0 3 3 3 Concessional .. 29 0 0 0 0 1 1 1 Private creditors 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 Other private 0 0 0 0 0 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 Corimercial banks 0 0 0 0 0 0 0 0 Memo: IBRD 0 0 0 0 0 0 0 0 0 0 IDA 0 0 0 0 0 0 0 1 1 1 NET TRANSFERS ON DEBT -29 -1 5 54 80 68 32 47 Public and publicly guaranteed -29 -1 5 54 80 68 32 47 Official creditors -29 -1 5 54 67 72 35 50 Multilateral 0 -1 5 50 60 76 39 45 Concessional 0 -1 5 50 60 76 39 45 Bilateral -29 0 0 4 8 -4 -4 5 Concessional -29 0 0 0 9 -1 -1 8 Private creditors ..0 0 0 0 13 -3 -3 -3 Bonds 0 0 0 0 0 0 0 0 Comimercial banks 0 0 0 0 0 0 0 0 Other private 0 0 0 0 1 3 -3 -3 -3 Private nonguaranteed 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 Memo: IBRD 0 0 0 0 0 0 0 0 0 0 IDA 0 0 0 0 0 38 24 45 30 18 DEBT SERVICE (LTDS) 29 1 0 0 5 8 9 9 Public and publicly guaranteed 29 1 0 0 5 8 9 9 Official creditors 29 1 0 0 2 5 6 6 Multilateral 0 1 0 0 1 1 2 2 Concessional 0 1 0 0 1 1 2 2 Bilateral .. 29 0 0 0 1 4 4 4 Concessional 29 0 0 0 0 1 1 1 Private creditors 0 0 0 0 3 3 3 3 Bonds 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 Other private 0 0 0 0 3 3 3 3 Private nonguaranteed ..0 0 0 0 0 0 0 0 Bonds ..0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 Memo: IBRD 0 0 0 0 0 0 0 0 0 0 IDA 0 0 0 0 0 0 0 1 1 1 UNDISBURSED DEBT ... 651 7 128 131 201 212 226 209 Official creditors 651 7 128 115 201 212 226 209 Private creditors 0 0 0 16 0 0 0 0 Memorandum items Concessional LDOD ... 1,688 1,680 1,685 1,741 1,894 1,965 1,985 2,059 Variable rate LDOD ...0 0 0 0 0 0 0 0 Pubic sector LDOD ... 1,688 1,680 1,685 1,745 1,946 2,013 2,031 2,102 Private sector LDOD ...0 0 0 0 0 0 0 0 6. CURRENCI COM%POSITI[ON OF LONG-TERMN DEBT (PERCENT) Deutsche mark ... 0.4 0.0 0.0 0.0 0.3 0.2 0.2 0.2 French franc ... 0.5 0.4 0.4 0.4 1.0 0.9 1.1 1.1 Japanese yen ... 0.6 0.6 0.7 0.7 1.2 1.1 0.9 1.0 Pound sterling ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Swiss franc ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 U.S.dollars ... 12.6 12.6 12.5 14.6 20.2 21.7 22.3 22.6 Multiple currency ... 0.0 0.0 0.3 1.1 2.7 4.0 4.1 5.6 Special drawing rights . . 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 All other currencies .. 85.9 86.4 86.1 83.2 74.6 72.1 71.4 69.5 141 CAMBODIA (US$ million, unless otherwise indicated) .1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 7. DEBT RIESTRUCTUiRINGS Total amount rescheduled ..0 0 0 0 240 12 5 0 Debt stock rescheduled ..0 0 0 0 0 0 0 0 Principal rescheduled ..0 0 0 0 109 7 3 0 Official ..0 0 0 0 108 7 3 0 Private ..0 0 0 0 0 0 0 0 Interest rescheduled ..0 0 0 103 4 2 0 Official ...0 0 0 0 103 4 2 0 Private ..0 0 0 0 0 0 0 0 Debt forgiven ..0 7 0 0 6 0 0 0 Memo: interest forgiven ..0 4 0 0 7 0 0 0 Debt stock reduction 0 0 0 0 0 0 0 0 of which debt buyback ..0 0 0 0 0 0 0 0 8. DEBT STOCK-FLOW RECONCI LLATION Total change in debt stocks ... -22 -11 86 120 65 28 81 Net flows on debt . 1 5 -11 -1 73 106 74 49 56 Net change in interest ar-rears -1 -10 7 -105 0 1 4 Interest capitalized 0 0 0 103 4 2 0 Debt forgiveness or reduction ..-7 0 0 -6 0 0 0 Cross-cuffency valuation ... .-1 1 3 2 -4 -6 5 Residual ... .-2 0 3 20 -8 -18 17 9. AVE&A GE TERMS OF NEW COMMITMENTS ALL CREDITORS Interest (%) .. 0.0 0.0 0.9 0.7 1.8 3.3 1.1 0.5 Maturity (years) .. 0.0 0.0 39.9 25.0 37.5 39.7 38.3 39.5 Grace period (years) .. 0.0 0.0 10.4 6.7 9.7 10.2 9.7 10.0 Grant element (%M.. 0.0 0.0 79.6 58.5 69.8 57.9 76.0 82.5 Official creditors Interest (%) ... 0.0 0.0 0.9 1.1 1.8 3.3 1.1 0.5 Maturity (years) ... 0.0 0.0 39.9 33.6 37.5 39.7 38.3 39.5 Grace period (years) ... 0.0 0.0 10.4 9.2 9.7 10.2 9.7 10.0 Grant element (%) ... 0.0 0.0 79.6 73.2 69.8 57.9 76.0 82.5 Private creditors Interest (%) ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Maturity (years) ... 0.0 0.0 0.0 5.0 0.0 0.0 0.0 0.0 Grace period (years) ... 0.0 0.0 0.0 1.0 0.0 0.0 0.0 0.0 Grant element (%) ... 0.0 0.0 0.0 24.3 0.0 0.0 0.0 0.0 Memorandum items Comnmitmsents ...0 0 127 53 161 94 75 3 1 Official creditors ...0 0 127 37 161 94 75 3 1 Private creditors ...0 0 0 16 0 0 0 0 10. CONTRACTUTAL OBLIGATIONS ON OUTSTANDI NG LONG-TERM DEBT 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 TOTAL Disbursements 58 56 42 29 15 5 3 1 0 0 Principal 133 130 39 41 42 45 47 47 48 49 Interest 10 10 10 10 10 10 10 10 11I 10 Official creditors Disbursements 58 56 42 29 15 5 3 1 0 0 Principal 130 130 39 41 42 45 47 47 48 49 Interest 10 10 10 10 10 10 10 10 1 1 10 Bilateral creditors Disbursements 1 2 2 1 1 0 0 0 0 0 Principal 130 130 39 40 41 42 42 39 37 37 Interest 6 6 6 5 5 5 4 4 3 3 Multilateral creditors Disbursements 57 54 41 28 15 5 3 1 0 0 Principal 0 0 0 0 2 3 5 8 1 1 12 Interest 3 4 5 5 5 5 6 6 8 8 Private creditors Disbursements 0 0 0 0 0 0 0 0 0 0 Principal 3 0 0 0 0 0 0 0 0 0 Interest 0 0 0 0 0 0 0 0 0 0 Commercial banks Disbursements 0 0 0 0 0 0 0 0 0 0 Principal 0 0 0 0 0 0 0 0 0 0 Interest 0 0 0 0 0 0 0 0 0 0 Other private Disbursements 0 0 0 0 0 0 0 0 0 0 Principal 3 0 0 0 0 0 0 0 0 0 Interest 0 0 0 0 0 0 0 0 0 0 142 CAMEROON (US$ million, unless otherwise indicated) 1970 1980 1990 -1992 1993 1994 1995 1996 1997 1998 I. SUMMARY~'DEBT DATA TOTAL DEBT STOCKS (EDT) 2,588 6,679 7,415 7,456 8,326 9,346 9,542 9,267 9,829 Long-term debt (LDOD) 145 2,251 5,598 6,523 6,505 7,537 8,259 8,210 7,860 8,274 Public and publicly guaranteed 136 2,073 5,368 6,269 6,236 7,304 8,062 8,001 7,662 8,096 Private nonguaranteed 9 178 230 254 269 233 197 209 198 179 Use of IMF credit 0 59 121 63 16 44 51 72 93 156 Short-term debt 278 960 830 935 745 1,036 1,260 1,314 1,398 of which interest arrears on LDOD 9 191 296 484 264 395 788 185 172 Official creditors 3 87 188 361 134 247 650 78 64 Private creditors 6 105 108 123 130 147 138 108 109 Memo: principal arrears on LDOD 7 350 448 651 538 620 774 490 529 Official creditors 2 103 126 255 198 243 377 170 199 Private creditors 5 247 322 396 340 376 398 320 329 Memo: export credits 0 2,193 2,228 2,246 2,575 2,797 2,719 2,494 2,603 TOTAL DEBT FLOWS Disbursements 40 626 718 669 499 478 121 230 296 266 Long-term debt 40 614 718 669 499 447 108 201 259 192 RIvlF purchases 0 1 2 0 0 0 3 1 1 3 29 37 73 Principal repayments 6 131 270 203 282 204 217 248 281 297 Long-term debt 6 114 269 149 235 198 211 242 270 281 lIF repurchases 0 1 7 1 54 47 6 6 6 1 1 1 6 Net flows on debt 33 538 685 380 134 305 64 -188 673 65 of which short-term debt 43 237 -86 -83 30 160 -169 657 97 Interest payments (INT) 149 252 191 189 181 214 262 232 236 Long-term debt 5 119 198 152 156 155 173 235 189 178 IMFcharges 0 2 1 1 8 3 2 2 3 3 3 Short-term debt 28 43 3 1 30 24 39 24 40 55 Net transfers on debt 389 433 189 -55 123 -150 -449 440 -171 Total debt service paid (TDS) 280 522 394 471 385 431 510 513 533 Long-term debt 1 1 233 467 300 391 353 384 477 459 459 IMF repurchases and charges 0 19 13 62 50 7 9 9 15 19 Short-term debt (interest only) .. 28 43 3 1 30 24 39 24 40 55 2. AGCGREGATE NET RESOURCE FLO%%S AND NET TRANSFERS (LONG-TERM NET RESOURCE FLOWS 70 659 649 753 379 573 109 233 174 238 Net flow of long-termn debt (ex. IMF 33 500 449 520 264 249 -103 -41 -11 -89 Foreign direct investment (net) 1 6 130 -113 29 5 -9 7 35 45 50 Portfolio equity flows 0 0 0 0 0 0 0 0 0 0 Grants (excluding technical coop.) 2 1 29 313 204 110 333 205 239 139 276 Memo: technical coop. grants 17 85 128 133 121 101 124 117 95 107 official net resource flows 44 250 774 650 368 641 167 221 157 237 private net resource flows 26 409 -125 103 1 1 -68 -58 1 2 1 6 1 NET TRANSFERS 61 425 451 601 223 418 -65 -2 -16 59 Interest on long-termndebt 5 119 198 152 156 155 173 235 189 178 Profit renmittances on FDI 4 115 0 0 0 0 0 0 0 0 Memo: official net transfers 40 208 649 563 238 507 14 0 -16 77 private net transfers 21 216 -198 38 -15 -90 -79 -2 1 -18 3. NMAJOR ECONOMIC AGGREGATES Gross national product (GNP) 1,025 5,618 10,674 10,751 11,160 7,307 7,437 8,518 8,506 8,232 Exports of goods & services (XGS) 306 1,912 2,320 2,409 2,090 1,767 2,088 2,128 2,384 2,389 of which workers remittances I. 1 61 36 44 23 28 67 60 68 Imports of goods & services (MGS) 329 2,478 2,418 2,764 2,647 2,087 2,188 2,471 2,667 2,660 Intemational reserves (RES) 81 206 37 30 14 14 15 14 10 1 Current account balance 1 -495 -196 -216 -620 -324 -71 -375 -258 -235 4. DEBT INDICATORS EDT /XGS(% . 135.4 287.9 307.8 356.8 471.2 447.5 448.3 388.8 411.4 EDT /GNP(% . 46.1 62.6 69.0 66.8 113.9 125.7 112.0 108.9 119.4 TDS / XGS (% . 14.6 22.5 16.3 22.5 21.8 20.7 24.0 21.5 22.3 INT /XGS(% . 7.8 10.8 7.9 9.0 10.3 10.3 12.3 9.7 9.9 INT /GNP(% . 2.7 2.4 1.8 1.7 2.5 2.9 3.1 2.7 2.9 RES /EDT (% . 8.0 0.6 0.4 0.2 0.2 0.2 0.2 0.1 0.0 RES /MGS (months) 3.0 1.0 0.2 0.1 0.1 0.1 0.1 0.1 0.0 0.0 Short-term /EDT (%) .. 10.8 14.4 11.2 12.5 9.0 11.1 13.2 14.2 14.2 Concessional /EDT(% . 33.7 27.4 31.6 33.3 42.1 43.9 43.6 44.7 45.5 Multilateral /EDT (%) .. 16.7 19.7 19.7 19.2 20.0 18.0 16.4 15.8 15.1 143 CAMEROON (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 5. LONG-TERM% DEBT DEBT OUTSTANDING (LDOD) 145 2,251 5,598 6,523 6,505 7,537 8,259 8,210 7,860 8,274 Public and publicly guaranteed 136 2,073 5,368 6,269 6,236 7,304 8,062 8,001 7,662 8,096 Official creditors 124 1,237 3,885 4,998 5,038 6,292 7,112 7,182 7,082 7,615 Multilateral 20 432 1,317 1,458 1,429 1,665 1,678 1,568 1,465 1,487 Concessional 12 210 341 337 335 558 611 670 735 835 Bilateral 104 805 2,568 3,539 3,609 4,627 5,434 5,614 5,618 6,128 Concessional 95 663 1,488 2,002 2,149 2,949 3,494 3,486 3,408 3,635 Private creditors 12 836 1,484 1,271 1,198 1,012 950 819 580 480 Bonds 0 0 0 0 0 0 0 0 0 0 Comimercial banks 0 193 503 442 406 415 418 365 310 318 Other private 12 643 981 829 793 597 532 455 269 162 Private nonguaranteed 9 178 230 254 269 233 197 209 198 179 Bonds 0 0 0 0 0 0 0 0 0 0 Conmmercial banks 9 178 230 254 269 233 197 209 198 179 Memo: IBRD 3 152 651 723 707 695 639 520 410 350 IDA 9 146 238 232 227 406 443 513 609 701 DISBURSEMENTS 40 614 718 669 499 447 108 201 259 192 Public and publicly guaranteed 29 564 665 542 419 440 108 176 245 182 Official creditors 27 250 559 528 395 440 108 176 245 182 Multilateral 10 72 200 130 72 280 82 106 147 106 Concessional 6 22 2 14 9 217 38 85 122 92 Bilateral 18 178 359 398 324 159 26 70 98 76 Concessional 15 120 106 366 302 154 26 70 98 75 Private creditors 1 314 107 14 24 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 115 11 0 0 0 0 0 0 0 Otier private 1 199 97 14 24 0 0 0 0 0 Private nonguaranteed 11 50 53 127 80 7 0 25 14 10 Bonds 0 0 0 0 0 0 0 0 0 0 Coimnercial banks 11 50 53 127 80 7 0 25 14 10 Memo: IBRD 3 28 75 54 59 22 6 6 6 3 IDA 4 19 0 0 0 180 35 84 120 79 PRINCIPAL REPAYMENTS 6 114 269 149 235 198 211 242 270 281 Public and publicly guaranteed 5 82 139 91 170 155 183 229 244 261 Official creditors 4 29 97 82 137 131 146 194 227 222 Multilateral 0 10 68 60 102 119 130 146 163 124 Concessional 0 2 7 7 8 9 10 10 30 14 Bilateral 4 19 29 21 35 12 16 48 64 98 Concessional 3 12 17 13 29 4 3 4 20 61 Private creditors 0 53 41 10 33 24 36 35 17 39 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 18 28 0 16 23 26 29 12 12 Other private 0 35 14 10 17 1 11 7 6 27 Private nonguaranteed 2 32 130 57 65 43 28 13 25 20 Bonds 0 0 0 0 0 0 0 0 0 0 Commnercial banks 2 32 130 57 65 43 28 13 25 20 Memo: IBRD 0 4 42 30 87 82 92 82 76 69 IDA 0 1 3 2 5 4 4 5 5 5 NET FLOWS ON DEBT 33 500 449 520 264 249 -103 -41 -11 -89 Pubtic and publicly guaranteed 24 482 527 451 249 284 -75 -53 1 -79 Official creditors 23 221 461 447 258 308 -39 -18 18 -40 Multilateral 9 63 131 70 -30 161 -49 -40 -17 -18 Concessional 6 21 -4 7 1 209 28 75 92 78 Bilateral 14 159 330 377 289 147 10 22 35 -22 Concessional 12 109 89 353 273 150 24 67 79 1 3 Private creditors 1 261 66 4 -9 -24 -36 -35 -17 -39 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 97 -17 0 -16 -23 -26 -29 -12 -12 Other private 1 164 83 4 7 -1 -11 -7 -6 -27 Private nonguaranteed 9 18 -77 69 15 -35 -28 12 -11 -10 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 9 18 -77 69 15 -35 -28 12 -11 -10 Memo: IBRD 3 24 33 24 -28 -60 -85 -76 -70 -65 IDA 4 19 -3 -2 -5 176 31 80 115 74 144 CAMEROON (US mllon unes ohewis idiatd) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 INTEREST PAYMENTS (LINT) 5 119 198 152 156 155 173 235 189 178 Public and publicly guaranteed 4 104 181 114 136 141 163 230 179 174 Official creditors 4 42 125 87 130 134 152 221 174 159 Multilateral 1 18 73 65 96 112 80 100 91 59 Concessional 0 2 4 3 3 4 6 4 10 6 Bilateral 3 24 52 22 34 23 72 121 82 100 Concessional 2 13 28 13 21 15 48 33 51 56 Private creditors 1 62 56 27 6 6 10 9 6 1 5 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 23 40 25 2 6 5 7 2 5 Other private 1 39 1 6 2 4 1 5 2 4 10 Private nonguaranteed 1 15 17 38 20 15 11 5 10 4 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 1 15 17 38 20 15 1 1 5 10 4 Memo: IBRD 0 13 49 33 87 58 56 47 37 28 IDA 0 1 2 1 3 2 3 3 4 5 NET TRANSFERS ON DEBT 28 381 252 368 108 93 -277 -276 -200 -267 Public and publicly guaranteed 19 378 346 337 113 144 -238 -283 -178 -253 Official creditors 19 180 336 360 128 174 -191 -239 -155 -199 Multilateral 9 45 59 5 -126 49 -129 -140 -108 -77 Concessional 6 19 -8 4 -2 205 23 7 1 82 72 Bilateral I11 135 277 355 254 125 -62 -99 -47 -122 Concessional 10 96 6 1 340 252 136 -24 34 28 -42 Private creditors 0 199 10 -23 -15 -31 -47 -44 -23 -54 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 73 -57 -25 -17 -29 -31 -36 -13 -17 Other private 0 125 66 2 2 -2 -16 -8 -10 -37 Private nonguaranteed 9 3 -94 32 -5 -50 -39 7 -21 -14 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 9 3 -94 32 -5 -50 -39 7 -21 -14 Memo: IBRD 3 12 -16 -9 -114 -119 -141 -123 -107 -94 IDA 4 1 8 -4-3 -8 174 28 76 110 69 DEBT SERVICE (LTDS) 11 233 467 300 391 353 384 477 459 459 Public and publicly guaranteed 9 186 320 205 306 296 345 459 423 435 Official creditors 8 71 222 168 267 265 299 415 400 381 Multilateral 1 28 141 126 198 231 211 246 255 183 Concessional 0 4 1 1 10 I11 13 15 14 40 19 Bilateral 7 43 81 43 70 34 88 169 146 198 Concessional 6 25 46 26 50 18 50 36 70 117 Private creditors 1 115 98 37 39 3 1 47 44 23 54 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 42 67 25 17 29 3 1 36 13 17 Other private 1 74 30 1 2 2 1 2 16 8 1 0 37 Private nonguaranteed 2 47 147 95 85 58 39 18 35 24 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 2 47 147 95 85 58 39 1 8 35 24 Memo: IBRD 0 17 9 1 63 173 140 147 129 113 97 IDA 0 2 4 3 8 6 8 8 10 10 UNDISBURSED DEBT 104 619 1,844 1,586 1,454 1,341 1,111 991 816 1,064 Official creditors 103 545 1,526 1,344 1,248 1,125 1,021 987 812 1,060 Private creditors 1 74 318 243 206 216 90 4 4 4 Memorandum items Concessional LDOD 107 873 1,829 2,340 2,484 3,507 4,105 4,156 4,142 4,470 Variable rate LDOD 9 499 854 1,216 1,234 1,276 1,290 1,371 1,322 1,279 Public sector LDOD 128 2,006 5,245 6,162 6,139 7,233 7,985 7,929 7,602 8,037 Private sector LDOD 17 245 353 361 366 304 274 281 257 238 6. CURRENCI COMPOSITION OF LONG-TERM DEBT iPERCENT) Deutsche mark 10.7 8.6 16.9 16.3 15.7 16.7 17.5 17.7 17.7 17.7 French franc 15.8 36.8 31.4 35.3 37.2 34.1 34.6 35.0 33.9 33.7 Japanese yen 0.0 0.0 0.3 0.3 0.3 0.4 0.3 0.3 0.3 0.3 Pound sterling 2.8 2.0 2.3 1.6 1.6 1.2 1.0 1.0 0.7 0.6 Swiss franc 0.0 0.0 1.1 1.0 1.0 1.1 1.1 1.0 1.0 0.9 U.S.dollars 22.7 19.2 11.0 10.4 10.1 11.9 11.4 12.5 17.0 23.0 Multiple currency 4.9 10.5 16.5 16.6 16.5 14.6 12.5 10.7 9.2 4.2 Special drawing rights 0.0 0.0 0.0 0.0 0.1 0.1 0.2 0.2 0.2 0.2 All other currencies 43.1 22.9 20.5 18.5 17.5 19.9 21.4 21.6 20.0 19.4 145 CAMEROON (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 7. DEBT R-ESTRUiCTU RINGS Total amount rescheduled 75 988 0 1,298 642 656 982 370 Debt stuck rescheduled 0 0 0 0 0 0 0 0 Principal rescheduled 26 408 0 493 298 187 416 218 Official ..7 215 0 244 204 147 306 147 Private .. 19 193 0 248 94 40 110 71 Interest rescheduled 22 386 0 475 155 67 566 152 Official 6 102 0 376 131 59 538 141 Private 16 283 0 99 25 8 28 11 Debt forgiven 10 29 0 533 0 1 83 33 Memo: interest forgiven 0 0 0 1 3 0 0 92 18 Debt stock reduction 0 0 0 0 0 0 0 0 of which debt buyback ..0 0 0 0 0 0 0 0 8. DEBT STOCK-FLOW 'RECONCILIATrION Total change in debt stocks 1,239 518 41 870 1,020 196 -275 562 Net flows on debt 33 538 685 380 134 305 64 -188 673 65 Net change in interest arrears 115 -80 188 -220 131 393 -602 -13 Interest capitalized 22 386 0 475 155 67 566 152 Debt forgiveness or reduction -10 -29 0 -533 0 - 1 -83 -33 Cross-currency valuation ... 529 -323 -291 568 520 -469 -748 387 Residual ... -103 184 10 275 150 393 -80 4 9. A%-EPRGE TERMS OF NEW' coMMITmENTS ALL CREDITORS Interest (%) 4.7 6.9 6.6 4.5 4.9 2.3 2.2 1.3 0.5 1.1 Maturity (years) 28.4 23.3 15.1 19.5 18.1 31.9 26.7 35.2 38.8 36.8 Grace period (years) 8K0 5.9 5.3 7.1 10.2 9.4 8.0 8.8 9.3 9.8 Grant element (%) 39.9 25.9 21.2 37.7 36.3 63.7 58.8 71.7 81.6 75.1 Official creditors Interest (%) 4.6 6.1 6.6 4.3 4.9 2.3 2.2 1.3 0.5 1.1 Maturity (years) 28.8 24.8 15.2 20.3 18.1 31.9 26.7 35.2 38.8 36.8 Grace period (years) 8.1 6.3 5.3 7.4 10.2 9.4 8.0 8.8 9.3 9.8 Grant element (%) 40.4 30.6 21.3 39.7 36.3 63.7 58.8 71.7 81.6 75.1 Private creditors Interest (%) 6.0 14.7 7.0 8.1 0.0 0.0 0.0 0.0 0.0 0.0 Maturity (years) 7.2 8.2 13.2 7.4 0.0 0.0 0.0 0.0 0.0 0.0 Grace period (years) 1.7 2.4 2.7 2.9 0.0 0.0 0.0 0.0 0.0 0.0 Grant element (%) 13.0 -21.2 14.4 6.5 0.0 0.0 0.0 0.0 0.0 0.0 Memorandum items Commiitmnents 42 170 479 272 347 403 143 351 25 385 Official creditors 41 155 473 255 347 403 143 351 25 385 Private creditors 1 15 6 16 0 0 0 0 0 0 10. CONTRACTUiAL OBLIG.%'iIONS ON 0OUT1ST %NDING L-ONG-TERNI DES I 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 TOTAL Disbursements 323 291 199 125 70 32 18 5 2 0 Principal 231 326 409 448 481 504 531 490 427 401 Interest 188 280 356 336 313 289 264 230 209 191 Official creditors Disbursements 319 291 199 125 70 32 18 5 2 0 Principal 206 289 379 421 466 489 514 486 423 398 Interest 178 269 345 327 304 281 256 229 208 190 Bilateral creditors Disbursements 142 110 62 36 19 1 0 5 2 1 0 Principal 72 161 249 302 362 391 424 405 357 334 Interest 118 213 295 283 267 248 229 207 190 175 Multilateral creditors Disbursements 177 180 137 89 51 21 13 3 1 0 Principal 134 128 130 119 105 98 90 81 66 63 Interest 61 56 51 44 38 32 27 22 18 15 P'rivate creditors Disbursements 4 0 0 0 0 0 0 0 0 0 Principal 25 37 30 28 15 15 17 4 4 4 Interest 10 I11 1 1 9 9 9 9 1 1 1 Commercial banks Disbursements 4 0 0 0 0 0 0 0 0 0 Principal 4 0 0 0 0 0 0 0 0 0 Interest 0 0 0 0 0 0 0 0 0 0 Other private Disbursements 0 0 0 0 0 0 0 0 0 0 Principal 2 1 37 30 28 1 5 1 5 1 7 4 4 4 Interest 10 11 11 9 9 9 9 1 1 1 146 CAPE VERDE (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 1. StU1%1NI AR N DEBT DATA~ TOTAL DEBT STOCKS (EDT) ... 135.3 142.1 147.8 176.3 214.3 202.1 207.0 243.7 Long-term debt (LDOD) ... 130.6 136.1 140.8 166.4 185.0 196.0 200.1 237.3 Public and publicly guaranteed ... 130.6 136.1 140.8 166.4 185.0 196.0 200.1 237.3 Private nonguaranteed ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Use of IMF credit 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Short-term debt ... 4.7 6.0 7.0 9.9 29.3 6.1 6.9 6.4 of which interest arrears on LDOD ... 2.3 2.0 3.0 3.9 4.7 5.0 3.9 3.5 Official creditors ... 1.9 1.6 2.6 3.4 4.0 4.2 3.3 3.4 Private creditors ... 0.4 0.4 0.4 0.5 0.7 0.8 0.5 0.1 Memo: principal arrears on LDOD ... 11.1 10.6 15.0 17.0 20.0 21.4 19.6 20.5 Official creditors ... 10.4 9.8 13.9 15.7 18.5 19.6 17.4 18.3 Private creditors . . 0.7 0.8 1.1 1.3 1.6 1.8 2.2 2.2 Memo: export credits ... 11.0 13.0 13.0 13.0 19.0 27.0 27.0 35.0 TOTAL DEBT FLOWS Disbursements . . 12.1 18.2 10.3 28.5 21.4 23.6 21.6 46.6 Long-term debt ... 12.1 18.2 10.3 28.5 21.4 23.6 21.6 46.6 IMF purchases 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal repayments ... 3.7 8.1 4.4 6.0 5.5 5.0 9.7 15.4 Long-termn debt ... 3.7 8.1 4.4 6.0 5.5 5.0 9.7 15.4 1MF repurchases 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Net flows on debt ... 10.7 11.6 5.9 24.5 34.6 -5.0 13.9 31.0 of which short-term debt ... 2.4 1.6 0.0 2.0 18.7 -23.6 2.0 -0. 1 Interest payments (INT) . . 2.0 3.1 2.1 3.2 4.1 2.8 4.2 3.7 Long-term debt ... 1.9 2.9 1.9 3.0 3.4 2.6 4.1 3.6 IMF charges 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Short-termn debt ... 0.1 0.1 0.1 0.2 0.8 0.3 0.1 0.2 Net transfers on debt . . 8.7 8.6 3.8 21.3 30.4 -7.8 9.7 27.3 Total debt service paid (TDS) . . 5.7 11.2 6.5 9.2 9.6 7.8 13.9 19.2 Long-term debt ... 5.6 11.1 6.4 9.0 8.9 7.6 13.8 19.0 IMfF repurchases and charges 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Short-term debt (interest only) ... 0.1 0.1 0.1 0.2 0.8 0.3 0.1 0.2 2. AGGREGATE NET RESOUIRCE FLO%%S AND NET TRANSFERS (LO NG-TERNI NET RESOURCE FLOWS . . 85.9 72.3 66.7 87.3 87.1 90.3 88.0 106.6 Net flow of long-term debt (ex. IIM ... 8.3 10.0 5.9 22.5 15.9 18.6 11.9 31.1 Foreign direct investment (net) ... 0.0 -1.0 3.0 2.0 10.0 12.0 13.0 14.0 Portfolio equity flows ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Grants (excluding technical coop.) ... 77.5 63.2 57.8 62.8 61.3 59.8 63.0 61.5 Memo: technical coop. grants ... 20.4 45.3 42.6 37.6 40.4 37.3 33.8 35.6 official net resource flows ... 86.0 73.4 63.7 85.3 72.9 73.0 74.7 93.8 private net resource flows ... -0.1I -1.1 3.0 2.0 14.2 17.3 13.3 12.8 NET TRANSFERS . . 84.0 69.3 64.8 84.3 83.7 87.8 83.8 103.0 Interest on long-term debt ... 1.9 2.9 1.9 3.0 3.4 2.6 4.1 3.6 Profit remiittances on FDI ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: official net transfers ... 84.1 70.5 61.8 82.3 69.5 70.8 71.7 90.8 private net transfers ... -0. 1 -1.2 3.0 2.0 14.2 17.0 12.1 12.2 3. MAJOR ECONO,%IC AGGREGATES Gross national product (GNIP) ... 340.5 394.9 359.5 407.3 487.4 485.3 477.4 489.6 Exports of goods &services (XGS) ... 119.3 130.3 127.8 148.5 191.4 203.1 213.7 193.6 of which workers remittances ... 56.0 74.0 73.8 83.1 103.9 98.7 74.2 71.9 Imports of goods & services (MGS) ... 153.1 198.2 185.2 234.4 300.7 284.9 295.5 317.0 International reserves (RES) ... 77.0 75.8 57.7 42.1 57.3 51.8 41.8 37.1 Cuffent account balance ... -3.8 -12.1 -23.9 -45.7 -61.6 -35.0 -29.7 -58.0 4. DEBTr IND)iCATORS EDT /XGS(% ... 113.4 109.0 115.7 118.7 112.0 99.5 96.9 125.9 EDT /GNP(% ... 39.7 36.0 41.1 43.3 44.0 41.6 43.4 49.8 TDS / XGS ()... 4.8 8.6 5.1 6.2 5.0 3.8 6.5 9.9 INT /XGS ()... 1.7 2.4 1.6 2.2 2.1 1.4 2.0 1.9 INT / GNP ()... 0.6 0.8 0.6 0.8 0.8 0.6 0.9 0.8 RES / EDT ()... 56.9 53.3 39.0 23.9 26.8 25.6 20.2 15.2 RES /MGS (months) ... 6.0 4.6 3.7 2.2 2.3 2.2 1.7 1.4 Short-term /EDT (%) ... 3.5 4.2 4.7 5.6 13.7 3.0 3.3 2.6 Concessional / EDT ()... 70.5 73.5 72.7 75.6 68.6 76.3 78.4 79.4 Multilateral / EDT (%) ... 64.3 68.2 69.6 74.5 67.2 72.7 72.5 73.8 147 CAPE VERDE (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 5. LONG-TERM DEBT DEBT OUTSTANDING (LDOD) ... 130.6 136.1 140.8 166.4 185.0 196.0 200.1 237.3 Public and publicly guaranteed ... 130.6 136.1 140.8 166.4 185.0 196.0 200.1 237.3 Official creditors ... 128.1 133.9 138.7 164.3 178.6 184.3 188.1 226.5 Multilateral ... 87.0 96.9 102.9 131.4 143.9 147.0 150.0 179.8 Concessional . . 68.4 79.1 82.7 111.0 122.6 127.0 133.7 164.2 Bilateral ... 41.2 37.0 35.8 32.9 34.6 37.3 38.1 46.7 Concessional ... 27.0 25.4 24.7 22.3 24.5 27.1 28.6 29.4 Private creditors ... 2.5 2.2 2.2 2.2 6.4 11.8 12.0 10.8 Bonds ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Comimercial banks ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Other private ... 2.5 2.2 2.2 2.2 6.4 11.8 12.0 10.8 Private nonguaranteed . . 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: I.BRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 0.0 0.0 13.6 17.1 20.6 26.6 33.0 39.3 45.1 70.2 DISBURSEMENTS ... 12.1 18.2 10.3 28.5 21.4 23.6 21.6 46.6 Public and publicly guaranteed . . 12.1 18.2 10.3 28.5 21.4 23.6 21.6 46.6 Official creditors ... 12.1 18.2 10.3 28.5 17.1 18.3 20.1 46.6 Multilateral ... 6.0 17.0 10.3 28.0 14.9 15.4 19.5 30.3 Concessional ... 6.0 13.1 5.6 27.1 13.7 14.5 19.2 30.3 Bilateral ... 6.1 1.2 0.0 0.6 2.2 2.9 0.7 16.3 Concessional ... 0.7 1.2 0.0 0.6 2.2 2.9 0.7 2.2 Private creditors . . 0.0 0.0 0.0 0.0 4.2 5.3 1.5 0.0 Bonds ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Comimercial banks ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Other private ... 0.0 0.0 0.0 0.0 4.2 5.3 1.5 0.0 Private nonguaranteed . . 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 0.0 0.0 2.0 1.2 3.5 5.0 6.0 7.6 8.3 22.7 PRINCIPAL REPAYMENTS . . 3.7 8.1 4.4 6.0 5.5 5.0 9.7 15.4 Public and publicly guaranteed . . 3.7 8.1 4.4 6.0 5.5 5.0 9.7 15.4 Official creditors ... 3.6 8.0 4.4 6.0 5.5 5.0 8.5 14.2 Multilateral ... 2.5 5.1 3.5 5.3 4.8 4.8 7.0 6.9 Concessional ... 1.0 3.9 1.9 3.0 3.5 3.1 5.1 5.3 Bilateral ... 1.1 2.9 0.9 0.7 0.7 0.2 1.4 7.4 Concessional ... 0.2 1.6 0.5 0.3 0.2 0.2 0.8 1.1 Private creditors ... 0.1 0.1 0.0 0.0 0.0 0.0 1.2 1.2 Bonds ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Other private ... 0.1 0.1 0.0 0.0 0.0 0.0 1.2 1.2 Private nonguaranteed . 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 0.0 0.0 0.0 0.0 0.1 0.1 0.1 0.1 0.1 0.2 NET FLOWS ON DEBT . . 8.3 10.0 5.9 .22.5 15.9 18.6 11.9 31.1 Public and publicly guaranteed . . 8.3 10.0 5.9 22.5 15.9 18.6 11.9 31.1 Officialecreditors ... 8.5 10.2 5.9 22.5 11.6 13.2 11.7 32.3 Multilateral ... 3.5 11.9 6.8 22.7 10.1 10.6 12.4 23.4 Concessional ... 5.1 9.2 3.7 24.1 10.2 11.5 14.1 25.0 Bilateral ... 4.9 -1.7 -0.9 -0.2 1.6 2.7 -0.7 8.9 Concessional ... 0.6 -0.4 -0.5 0.2 2.0 2.7 -0.1I 1.1 Private creditors ... -0.1I -0.1I 0.0 0.0 4.2 5.3 0.3 -1.2 Bonds ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Comimercial banks ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Other private ... -0. 1 -0. 1 0.0 0.0 4.2 5.3 0.3 -1.2 Private nonguaranteed ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commnercial banks ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 0.0 0.0 2.0 1.2 3.4 4.9 5.9 7.4 8.2 22.5 148 CAPE VERDE (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 INTEREST PAYMENTS (LINT) ... 1.9 2.9 1.9 3.0 3.4 2.6 4.1 3.6 Public and publicly guaranteed ... 1.9 2.9 1.9 3.0 3.4 2.6 4.1 3.6 Official creditors ... 1.9 2.9 1.9 3.0 3.4 2.2 3.0 3.0 Multilateral ... 1.2 1.9 1.7 2.8 3.3 2.0 2.1 2.4 Concessional ... 0.5 0.9 0.7 2.0 2.3 1.1 1.4 1.8 Bilateral ... 0.7 1.0 0.2 0.2 0.1 0.2 0.8 0.6 Concessional ... 0.0 0.1 0.1 0.1 0.1 0.2 0.4 0.5 Private creditors ... 0.0 0.1 0.0 0.0 0.0 0.3 1.2 0.6 Bonds . . 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Comimercial banks ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Other private ... 0.0 0.1 0.0 0.0 0.0 0.3 1.2 0.6 Private nonguaranteed . . 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 0.0 0.0 0.1 0.1 0.1 0.2 0.2 0.2 0.3 0.4 NET TRANSFERS ON DEBT . . 6.5 7.1 3.9 19.5 12.5 16.0 7.8 27.6 Public and publicly guaranteed . . 6.5 7.1 3.9 19.5 12.5 16.0 7.8 27.6 Official creditors ... 6.6 7.3 3.9 19.5 8.3 11.0 8.7 29.3 Multilateral ... 2.3 10.0 5.0 19.8 6.8 8.5 10.3 21.0 Concessional ... 4.6 8.4 3.0 22.2 7.9 10.4 12.7 23.2 Bilateral ... 4.3 -2.7 -1.1 -0.3 1.5 2.5 -1.6 8.3 Concessional ... 0.6 -0.5 -0.6 0.1 2.0 2.5 -0.5 0.6 Private creditors ... -0. 1 -0.2 0.0 0.0 4.2 5.0 -0.9 -1.8 Bonds ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commnercial banks ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Other private . . -0. 1 -0.2 0.0 0.0 4.2 5.0 -0.9 -1.8 Private nonguaranteed ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 0.0 0.0 1.9 1.1 3.3 4.7 5.7 7.2 7.9 22.1 DEBT SERVICE (LTDS) . . 5.6 11.1 6.4 9.0 8.9 7.6 13.8 19.0 Plublic and publicly guaranteed . . 5.6 11.1 6.4 9.0 8.9 7.6 13.8 19.0 Official creditors ... 5.5 10.9 6.4 9.0 8.9 7.3 11.4 17.2 Multilateral ... 3.7 7.0 5.3 8.1 8.1 6.9 9.2 9.3 Concessional ... 1.4 4.7 2.7 5.0 5.8 4.2 6.5 7.1 Bilateral ... 1.8 3.9 1.1 0.9 0.7 0.4 2.3 8.0 Concessional ... 0.2 1.7 0.6 0.4 0.3 0.4 1.2 1.7 Private creditors . . 0.1 0.2 0.0 0.0 0.0 0.3 2.4 1.8 Bonds ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Other private ... 0.1 0.2 0.0 0.0 0.0 0.3 2.4 1.8 Private nonguaranteed . . 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 0.0 0.0 0.1 0.1 0.2 0.2 0.4 0.4 0.4 0.6 UNDISBURSED DEBT . . 99.9 124.2 161.3 175.8 168.7 132.9 116.4 150.9 Official creditors ... 99.9 124.2 161.3 163.8 160.9 130.5 115.5 150.0 Private creditors ... 0.0 0.0 0.0 12.0 7.8 2.4 0.9 0.9 Memorandum items Concessional LDOD ... 95.5 104.4 107.4 133.3 147.1 154.2 162.3 193.6 Variable rate LDOD ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Public sector LDOD ... 130.6 136.1 140.8 166.4 185.0 196.0 200.1 237.3 Private sector LDOD ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 6. CII!RRENCI'CONUIPOSFTION OF LONG-TERNI DEBT iPE RCENTi Deutsche mark ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 French franc ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Japanese yen ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Pound sterling ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Swiss franc ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 U.S.dollars ... 38.1 35.1 35.5 33.2 35.4 39.9 43.6 50.3 Multiple currency ... 15.9 12.7 11.4 8.9 7.6 6.2 5.8 5.0 Special drawing rights ... 0.1 0.8 1.8 3.4 3.7 3.8 4.1 4.0 All other currencies ... 45.9 51.4 51.3 54.5 53.3 50.1 46.5 40.7 149 CAPE VERDE (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 7. DEBT RESTRUICTUTRINGS Total amount rescheduled ... 0.0 0.0 0.0 0.0 0.0 0.0 2.6 0.0 Debt stock rescheduled ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal rescheduled ... 0.0 0.0 0.0 0.0 0.0 0.0 1.9 0.0 Official ... 0.0 0.0 0.0 0.0 0.0 0.0 1.9 0.0 Private . . 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Interest rescheduled ... 0.0 0.0 0.0 0.0 0.0 0.0 0.7 0.0 Official ... 0.0 0.0 0.0 0.0 0.0 0.0 0.7 0.0 Private ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Debt forgiven ... 8.2 0.0 0.0 0.0 0.0 0.0 0.0 0.4 Memo: interest forgiven ... 0.8 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Debt stock reduction ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 of which debt buyback ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 8. DEBT STOCK-FLOW RECONCILIATION Total change in debt stocks ... 7.6 7.2 5.7 28.5 38.0 -12.2 4.9 36.7 Net flows on debt ... 10.7 11.6 5.9 24.5 34.6 -5.0 13.9 31.0 Net change in interest arrears . . -0.2 -0.3 1.0 0.8 0.8 0.3 -1.2 -0.4 Interest capitalized ... 0.0 0.0 0.0 0.0 0.0 0.0 0.7 0.0 Debt forgiveness or reduction ... -8.2 0.0 0.0 0.0 0.0 0.0 0.0 -0.4 Cross-currency valuation ... 3.9 -2.8 -1.1 4.5 2.4 -3.0 -5.9 4.1 Residual ... 1.3 -1.4 0.0 -1.4 0.2 -4.5 -2.7 2.4 9. AVERAGE TERMS OF NEW'COMMITMIENTS ALL CREDITORS Interest (%) ... 1.5 2.0 2.0 3.2 0.8 0.8 0.7 1.4 Maturity (years) ... 42.6 33.1 30.9 21.8 39.8 39.8 50.1 23.4 Grace period (years) ... 9.1 7.5 8.0 5.0 10.3 10.3 10.6 5.7 Grant element (%) ... 73.0 63.1 62.4 45.2 80.6 80.6 83.5 50.3 Official creditors Interest (%) ... 1.5 2.0 2.0 2.5 0.8 0.8 0.7 1.4 Maturity (years) ... 42.6 33.1 30.9 25.9 39.8 39.8 50.1 23.4 Grace period (years) ... 9.1 7.5 8.0 6.1 10.3 10.3 10.6 5.7 Grant element (%) ... 73.0 63.1 62.4 54.2 80.6 80.6 83.5 50.3 Private creditors Interest (%) ... 0.0 0.0 0.0 5.0 0.0 0.0 0.0 0.0 Maturity (years) ... 0.0 0.0 0.0 12.0 0.0 0.0 0.0 0.0 Grace period (years) . . 0.0 0.0 0.0 2.5 0.0 0.0 0.0 0.0 Grant element (%) ... 0.0 0.0 0.0 23.4 0.0 0.0 0.0 0.0 Memorandum items Commitments ... 35.9 49.0 48.6 41.3 11.5 11.4 10.3 85.5 Official creditors ... 35.9 49.0 48.6 29.3 11.5 11.4 10.3 85.5 Private creditors ... 0.0 0.0 0.0 12.0 0.0 0.0 0.0 0.0 10. CONTRACTUAL OBLIGATIONS ON ouJ rsTANDING LONG-TERMI DEBT 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 TOTAL Disbursements 42.4 41.2 26.8 16.7 10.7 6.3 3.8 1.1 0.5 0.1 Principal 22.2 13.4 13.1 11.8 12.9 13.3 13.3 13.5 12.0 12.9 Interest 3.5 3.9 4.1 4.2 4.1 3.9 3.7 3.4 3.1 2.8 Official creditors Disbursements 41.7 40.9 26.8 16.7 10.7 6.3 3.8 1.1 0.5 0.1 Principal 21.0 12.2 11.9 10.6 11.7 12.1 12.1 12.3 12.0 12.9 Interest 3.0 3.5 3.8 3.9 3.9 3.7 3.5 3.3 3.1 2.8 Bilateral creditors Disbursements 7.3 9.1 6.0 4.0 2.4 1.4 0.9 0.5 0.2 0.1 Principal 13.2 4.0 3.8 2.9 3.6 3.6 3.6 3.6 3.2 3.2 Interest 0.6 0.8 0.9 1.0 1.0 0.9 0.8 0.7 0.6 0.5 Multilateral creditors Disbursements 34.4 31.9 20.8 12.8 8.3 4.9 2.9 0.6 0.3 0.0 Principal 7.8 8.2 8.1 7.6 8.1 8.5 8.5 8.7 8.9 9.7 Interest 2.4 2.7 2.8 2.9 2.9 2.8 2.7 2.6 2.4 2.2 Private creditors Disbursements 0.7 0.3 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal 1.2 1.2 1.2 1.2 1.2 1.2 1.2 1.2 0.0 0.0 Interest 0.5 0.4 0.3 0.3 0.2 0.2 0.1 0.0 0.0 0.0 Commercial banks Disbursements 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Interest 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Other private Disbursements 0.7 0.3 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal 1.2 1.2 1.2 1.2 1.2 1.2 1.2 1.2 0.0 0.0 Interest 0.5 0.4 0.3 0.3 0.2 0.2 0.1 0.0 0.0 0.0 150 CENTRAL AFRICAN REPUBLIC (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 I. SUMMARY DEBT DATA TOTAL DEBT STOCKS (EDT) .. 194.7 698.5 813.9 875.1 888.0 946.0 932.8 883.0 921.3 Long-term debt (LDOD) 24.1 146.5 624.1 729.6 773.2 802.4 853.9 850.4 801.5 829.8 Public and publicly guaranteed 24.1 146.5 624.1 729.6 773.2 802.4 853.9 850.4 801.5 829.8 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Use of IMF credit 0.0 23.5 36.7 30.4 28.8 41.4 34.9 27.6 18.6 17.6 Short-term debt -- 24.6 37.7 53.9 73.1 44.3 57.2 54.8 62.9 73.9 of which interest arrears on LDOD .. 10.6 15.0 27.9 39.1 25.3 35.7 38.5 44.9 59.5 Official creditors .. 1.7 13.1 24.6 35.3 23.7 31.7 37.2 43.6 58.6 Private creditors .. 8.8 1.9 3.3 3.7 1.5 4.0 1.3 1.2 0.8 Memo: principal arrears on LDOD .. 43.5 23.2 50.7 70.9 58.1 74.2 85.0 94.9 94.8 Official creditors .. 16.9 19.6 43.4 60.2 51.2 60.6 70.8 81.3 84.2 Private creditors .. 26.7 3.6 7.3 10.7 7.0 13.6 14.2 13.6 10.6 Memo: export credits .. 0.0 63.0 52.0 52.0 43.0 44.0 36.0 26.0 55.0 TOTAL DEBT FLOWS Disbursements 1.7 39.8 121.1 45.9 49.7 59.3 32.6 26.9 6.4 14.6 Long-term debt 1.7 25.2 112.8 45.9 49.7 44.0 32.6 26.9 6.4 3.4 lvIM purchases 0.0 14.7 8.3 0.0 0.0 15.3 0.0 0.0 0.0 11.2 Principal repayments 2.4 6.7 17.4 6.8 3.3 12.4 10.0 8.0 11.6 22.4 Long-term debt 2.4 1.0 7.6 5.1 1.7 7.7 2.6 1.8 4.1 9.4 IMF repurchases 0.0 5.7 9.8 1.7 1.6 4.8 7.4 6.2 7.5 13.0 Net flows on debt -0.7 31.1 106.6 39.4 54.4 31.8 25.1 13.8 -3.5 -11.3 of which short-term debt .. -2.0 2.9 0.3 8.0 -15.0 2.4 -5.1 1.7 -3.5 Interest payments (INT) .. 3.3 11.8 8.7 5.9 10.7 5.7 4.9 4.0 8.0 Long-term debt 0.7 0.4 9.0 6.6 3.5 8.1 3.5 3.4 2.4 6.7 RAF charges 0.0 0.8 1.2 0.3 0.2 0.7 1.0 0.8 0.7 0.4 Short-termn debt .. 2.1 1.6 1.8 2.2 2.0 1.2 0.7 0.9 0.9 Net transfers on debt .. 27.8 94.9 30.7 48.4 21.1 19.3 8.9 -7.5 -19.3 Total debt service paid (TDS) .. 10.0 29.1 15.5 9.2 23.2 15.7 12.9 15.6 30.4 Long-term debt 3.1 1.4 16.6 11.7 5.3 15.8 6.1 5.2 6.5 16.1 IMF repurchases and charges 0.0 6.5 11.0 1.9 1.8 5.4 8.4 7.0 8.2 13.4 Short-term debt (interest only) .. 2.1 1.6 1.8 2.2 2.0 1.2 0.7 0.9 0.9 2. AGGREGATE NET RESOURCE FL_OWS AN`D NET TRANSFERS (LONG-TERMl) NET RESOURCE FLOWS 6.8 85.1 192.4 121.5 128.4 137.8 139.6 149.2 81.0 101.3 Net flow of long-term debt (ex. IMP -0.7 24.1 105.2 40.8 47.9 36.3 30.0 25.1 2.3 -6.0 Foreign direct investment (net) 1.2 5.3 1.0 -11.0 -10.0 4.0 3.0 5.0 5.5 5.0 Portfolio equity flows 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Grants (excluding technical coop.) 6.4 55.7 86.2 91.7 90.5 97.5 106.6 119.1 73.2 102.3 Memo: technical coop. grants 8.1 34.2 56.9 52.5 51.2 42.7 46.8 41.8 26.1 26.2 official net resource flows 6.8 80.7 192.0 133.1 138.4 134.0 136.6 144.2 75.5 96.3 private net resource flows 0.0 4.4 0.4 -11.6 -10.0 3.8 3.0 5.0 5.5 5.0 NET TRANSFERS 4.7 84.7 181.4 114.9 124.9 129.2 135.5 144.8 77.3 93.6 Interest on long-term debt 0.7 0.4 9.0 6.6 3.5 8.1 3.5 3.4 2.4 6.7 Profit remittances on FDI 1.4 0.0 2.1 0.0 0.0 0.5 0.6 1.0 1.3 1.0 Memo: official net transfers 6.5 80.4 183.9 126.5 134.9 126.0 133.1 140.8 73.1 89.6 private net transfers -1.8 4.3 -2.5 -11.6 -10.0 3.2 2.4 4.0 4.2 4.0 3. NIAJOR ECONOMIC AGGREGATES Gross national product (GNP) 186.4 799.6 1,465.1 1,418.7 1,280.1 832.2 1,100.9 1,049.0 989.4 1,037.8 Exports of goods & services (XGS) .. 205.4 220.4 167.4 186.2 179.0 200.6 162.9 171.2 145.5 of which workers remittances .. 0.0 0.0 0.0 . .. Imports of goods & services (MGS) .. 329.2 432.5 363.9 313.2 267.1 323.5 240.8 258.1 273.4 Intemnational reserves (RES) 1.4 61.7 122.9 103.8 116.3 214.3 237.9 236.3 181.8 145.7 Current account balance .. -43.1 -89.1 -83.1 -13.0 -24.7 -61.9 -79.4 -94.2 -89.2 4. DEBT [NDICATORS EDT /XGS(% . 94.8 317.0 486.2 470.0 496.0 471.5 572.8 515.9 633.4 EDT /GNP(% . 24.4 47.7 57.4 68.4 106.7 85.9 88.9 89.3 88.8 TDS /XGS(% . 4.9 13.2 9.3 4.9 13.0 7.8 7.9 9.1 20.9 IINT /XGS(% . 1.6 5.4 5.2 3.2 6.0 2.8 3.0 2.3 5.5 INT /GNP(% . 0.4 0.8 0.6 0.5 1.3 0.5 0.5 0.4 0.8 RES / EDT (% . 31.7 17.6 12.8 13.3 24.1 25.2 25.3 20.6 15.8 RES /MGS (months) . 2.3 3.4 3.4 4.5 9.6 8.8 11.8 8.5 6.4 Short-termn/ EDT (%) .. 12.6 5.4 6.6 8.4 5.0 6.1 5.9 7.1 8.0 Concessional /EDT (% . 30.1 73.1 77.2 77.0 81.4 80.9 82.3 82.0 82.1 Multilateral /EDT (%) .. 27.4 65.2 62.1 61.1 66.8 67.3 69.2 68.5 67.7 151 CENTRAL AFRICAN REPUBLIC (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 5. LONG-TERM DEBT DEBT OUTSTANDING (LDOD) 24.1 146.5 624.1 729.6 773.2 802.4 853.9 850.4 801.5 829.8 Public and publicly guaranteed 24.1 146.5 624.1 729.6 773.2 802.4 853.9 850.4 801.5 829.8 Official creditors 17.9 98.3 602.6 709.4 751.9 784.8 835.6 836.2 787.9 819.2 Multilateral 0.2 53.3 455.5 505.4 534.8 593.2 636.2 645.2 604.5 623.3 Concessional 0.2 41.6 429.4 485.6 515.6 580.0 622.3 631.1 590.6 611.0 Bilateral 17.7 44.9 147.0 204.0 217.1 191.6 199.4 191.0 183.4 195.9 Concessional 14.8 17.0 81.5 142.9 158.6 142.6 142.6 136.9 133.5 145.7 Private creditors 6.1 48.3 21.6 20.2 21.3 17.6 18.4 14.2 13.6 10.6 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Other private 6.1 48.3 21.6 20.2 21.3 17.6 18.4 14.2 13.6 10.6 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 0.2 28.8 265.1 299.5 323.2 377.2 414.0 422.0 403.0 413.3 DISBURSEMENTS 1.7 25.2 112.8 45.9 49.7 44.0 32.6 26.9 6.4 3.4 Public and publicly guaranteed 1.7 25.2 112.8 45.9 49.7 44.0 32.6 26.9 6.4 3.4 Official creditors 1.5 25.2 112.8 45.9 49.7 44.0 32.6 26.9 6.4 3.4 Multilateral 0.2 13.7 95.2 32.6 31.5 44.0 32.6 26.9 6.4 3.4 Concessional 0.2 13.5 93.6 32.1 31.5 44.0 32.0 26.9 5.3 3.4 Bilateral 1.3 11.5 17.6 13.3 18.1 0.0 0.0 0.0 0.0 0.0 Concessional 1.0 5.5 16.1 13.3 18.1 0.0 0.0 0.0 0.0 0.0 Private creditors 0.2 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Other private 0.2 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 0.2 10.3 70.4 20.7 23.7 40.1 29.8 22.9 4.6 0.2 PRINCIPAL REPAYMENTS 2.4 1.0 7.6 5.1 1.7 7.7 2.6 1.8 4.1 9.4 Public and publicly guaranteed 2.4 1.0 7.6 5.1 1.7 7.7 2.6 1.8 4.1 9.4 Official creditors 1.1 0.1 7.0 4.5 1.7 7.5 2.6 1.8 4.1 9.4 Multilateral 0.0 0.1 3.2 4.3 1.7 6.4 2.6 1.8 4.1 9.4 Concessional 0.0 0.1 1.8 2.1 1.2 4.3 2.2 1.7 4.0 7.2 Bilateral 1.1 0.0 3.8 0.2 0.0 1.0 0.0 0.0 0.0 0.1 Concessional 0.5 0.0 0.9 0.2 0.0 1.0 0.0 0.0 0.0 0.1 Private creditors 1.4 0.9 0.6 0.6 0.0 0.2 0.0 0.0 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commnercial banks 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Other private 1.4 0.9 0.6 0.6 0.0 0.2 0.0 0.0 0.0 0.0 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 0.0 0.1 0.5 0.8 1.0 1.2 1.3 1.4 1.3 3.6 NET FLOWS ON DEBT -0.7 24.1 105.2 40.8 47.9 36.3 30.0 25.1 2.3 .6.0 Public and publicly guaranteed .0.7 24.1 105.2 40.8 47.9 36.3 30.0 25.1 2.3 .6.0 Official creditors 0.4 25.0 105.8 41.4 47.9 36.5 30.0 25.1 2.3 -6.0 Multilateral 0.2 13.6 92.0 28.3 29.8 37.5 30.0 25.1 2.3 -6.0 Concessional 0.2 13.4 91.8 30.0 30.3 39.6 29.8 25.2 1.3 -3.8 Bilateral 0.2 11.4 13.8 13.0 18.1 -1.0 0.0 0.0 0.0 -0.1I Concessional 0.5 5.5 15.2 13.1 18.1 -1.0 0.0 0.0 0.0 -0.1I Private creditors -1.2 -0.9 -0.6 -0.6 0.0 -0.2 0.0 0.0 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Comimercial banks 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Other private -1.2 -0.9 -0.6 -0.6 0.0 -0.2 0.0 0.0 0.0 0.0 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 0.2 10.2 69.9 19.9 22.7 38.9 28.5 21.5 3.3 -3.4 152 CENTRAL AFRICAN REPUBLIC (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 INTEREST PAYMENTS (LINT) 0.7 0.4 9.0 6.6 3.5 8.1 3.5 3.4 2.4 6.7 Public and publicly guaranteed 0.7 0.4 9.0 6.6 3.5 8.1 3.5 3.4 2.4 6.7 Official creditors 0.3 0.3 8.1 6.6 3.5 8.0 3.5 3.4 2.4 6.7 Multilateral 0.0 0.3 5.1 3.7 3.4 7.8 3.5 3.3 2.4 6.3 Concessional 0.0 0.2 2.8 2.9 2.4 6.3 3.4 3.2 2.4 5.2 Bilateral 0.3 0.0 3.1 2.9 0.1 0.1 0.0 0.1 0.0 0.4 Concessional 0.2 0.0 1.9 2.7 0.0 0.1 0.0 0.0 0.0 0.2 Private creditors 0.4 0.1 0.8 0.0 0.0 0.1 0.0 0.0 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Other private 0.4 0.1 0.8 0.0 0.0 0.1 0.0 0.0 0.0 0.0 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 0.0 0.2 1.5 2.1 2.1 2.8 2.9 2.9 1.9 4.1 NET TRANSFERS ON DEBT -1.4 23.8 96.3 34.2 44.4 28.2 26.5 21.7 -0.2 -12.7 Public and publicly guaranteed -1.4 23.8 96.3 34.2 44.4 28.2 26.5 21.7 -0.2 -12.7 Official creditors 0.1 24.7 97.6 34.8 44.4 28.6 26.5 21.7 -0.2 -12.7 Multilateral 0.2 13.3 86.9 24.6 26.4 29.7 26.5 21.8 -0.2 -12.3 Concessional 0.2 13.2 88.9 27.1 27.9 33.3 26.4 22.0 -1.1 -9.0 Bilateral -0. 1 11.4 10.7 10.2 18.0 -1.1 0.0 -0.1I 0.0 -0.4 Concessional 0.3 5.5 13.4 10.4 18.1 -1.1 0.0 0.0 0.0 -0.2 Private creditors -1.6 -0.9 -1.4 -0.6 0.0 -0.4 0.0 0.0 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commnercial banks 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Other private -1.6 -0.9 -1.4 -0.6 0.0 -0.4 0.0 0.0 0.0 0.0 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commerciail banks 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 0.2 10.0 68.4 17.8 20.6 36.1 25.6 18.5 1.4 -7.5 DEBT SERVICE (LTDS) 3.1 1.4 16.6 11.7 5.3 15.8 6.1 5.2 6.5 16.1 Public and publicly guaranteed 3.1 1.4 16.6 11.7 5.3 15.8 6.1 5.2 6.5 16.1 Official creditors 1.4 0.5 15.2 11.2 5.3 15.4 6.1 5.2 6.5 16.1 Multilateral 0.0 0.4 8.3 8.0 5.1 14.3 6.1 5.1 6.5 15.7 Concessional 0.0 0.3 4.6 4.9 3.6 10.6 5.6 4.9 6.4 12.4 Bilateral 1.4 0.1 6.9 3.1 0.1 1.1 0.0 0.1 0.0 0.4 Concessional 0.6 0.0 2.7 2.9 0.0 1.1 0.0 0.0 0.0 0.2 Private creditors 1.8 0.9 1.4 0.6 0.0 0.4 0.0 0.0 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commnercial banks 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Other private 1.8 0.9 1.4 0.6 0.0 0.4 0.0 0.0 0.0 0.0 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 0.0 0.3 2.0 2.9 3.1 4.0 4.2 4.4 3.2 7.7 UNDISBURSED DEBT 12.6 60.7 235.8 231.3 187.0 133.3 119.1 83.0 65.5 45.7 Official creditors 10.8 60.7 235.8 231.3 187.0 133.3 119.1 83.0 65.5 45.7 Private creditors 1.7 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memorandum items Concessional LDOD 15.1 58.6 510.9 628.5 674.2 722.6 765.0 768.0 724.1 756.7 Variable rate LDOD 0.0 2.8 0.0 0.0 0.0 5.2 6.3 5.8 5.1 5.2 Public sector LDOD 24.1 146.5 624.1 729.1 772.7 802.2 853.7 850.1 800.3 828.5 Private sector LDOD 0.0 0.0 0.0 0.5 0.5 0.2 0.3 0.2 1.2 1.3 6. CURRENCI COMIPOSETION OF LONG-TERM DEB r iPERCENTI Deutsche mark 19.5 1.2 0.7 0.5 0.5 0.4 0.4 0.3 0.3 0.3 French franc 39.9 16.9 11.0 10.2 10.2 5.5 5.4 5.1 4.8 4.7 Japanese yen 0.0 0.0 0.7 0.7 0.7 0.7 0.7 0.6 0.6 0.6 Pound sterling 0.4 0.8 0.1 0.1 0.1 0.0 0.0 0.0 0.0 0.0 Swiss franc 0.0 7.5 2.6 1.9 1.8 2.6 2.8 2.4 2.4 1.9 U.S.dollars 1.7 35.8 43.6 49.0 50.6 55.3 56.2 57.5 58.7 59.1 Multiple currency 0.0 7.5 21.5 20.0 19.0 19.3 18.5 18.5 17.5 17.7 Special drawing rights 0.0 0.0 7.6 6.8 6.9 7.2 6.9 7.2 7.1 7.4 All other currencies 38.5 30.3 12.2 10.8 10.2 9.0 9.1 8.4 8.6 8.3 153 CENTRAL AFRICAN REPUBLIC (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 7. DEBT RESTRLIC'TURINGS Total amount rescheduled ... 4.4 0.0 0.0 38.5 7.6 0.0 0.0 15.2 Debt stock rescheduled ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal rescheduled ... 2.6 0.0 0.0 21.5 4.4 0.0 0.0 7.3 Official ... 2.6 0.0 0.0 13.1 4.4 0.0 0.0 7.3 Private ... 0.0 0.0 0.0 8.4 0.0 0.0 0.0 0.0 Interest rescheduled ... 0.3 0.0 0.0 12.9 0.9 0.0 0.0 3.4 Official ... 0.3 0.0 0.0 11.5 0.9 0.0 0.0 3.4 Private ... 0.0 0.0 0.0 1.5 0.0 0.0 0.0 0.0 Debt forgiven ... 153.1 0.0 0.0 49.2 1.1 3.7 0.0 0.7 Memo: interest forgiven ... 4.4 0.0 0.0 4.5 0.2 3.5 0.0 1.9 Debt stock reduction ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 of which debt buyback ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 8. DEBT STOCK-FLO%'$ RECONCILI-ATION Total change in debt stocks ... 5.0 19.7 61.2 12.9 57.9 -13.2 -49.8 38.3 Net flows on debt -0.7 31.1 106.6 39.4 54.4 31.8 25.1 13.8 -3.5 -11.3 Net change in interest arrears ... -1.9 9.6 11.2 -13.8 10.5 2.7 6.4 14.6 Interest capitalized ... 0.3 0.0 0.0 12.9 0.9 0.0 0.0 3.4 Debt forgiveness or reduction ... -153.1 0.0 0.0 -49.2 -1.1 -3.7 0.0 -0.7 Cross-cufrency valuation ... 20.9 -11.8 -7.7 7.6 11.5 -11.4 -14.4 8.3 Residual ... 32.2 -17.5 3.4 23.6 11.2 -14.7 -38.3 24.1 9. ..%ER-AGE'TERI%IS OF NEW CONIMITMENTS ALL CREDITORS Interest (%) 2.0 0.6 1.0 1.9 0.7 0.0 0.8 1.0 0.0 0.0 Maturity (years) 35.8 12.5 37.6 37.1 49.6 0.0 39.7 49.8 0.0 0.0 Grace period (years) 7.9 4.3 10.2 9.0 10.5 0.0 10.2 9.2 0.0 0.0 Grant element (%) 62.8 39.0 77.0 68.5 83.2 0.0 80.5 80.2 0.0 0.0 Official creditors Interest (%) 1.0 0.6 1.0 1.9 0.7 0.0 0.8 1.0 0.0 0.0 Maturity (years) 47.5 12.5 37.6 37.1 49.6 0.0 39.7 49.8 0.0 0.0 Grace period (years) 9.9 4.3 10.2 9.0 10.5 0.0 10.2 9.2 0.0 0.0 Grant element (%) 79.6 39.0 77.0 68.5 83.2 0.0 80.5 80.2 0.0 0.0 Private creditors Interest (%) 4.6 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Maturity (years) 8.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Grace period (years) 3.4 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Grant element (%) 23.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memorandum items Commitments 6.5 38.4 174.9 52.9 13.0 0.0 16.6 4.9 0.0 0.0 Official creditors 4.6 38.4 174.9 52.9 13.0 0.0 16.6 4.9 0.0 0.0 Private creditors 1.9 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 1o. coNTRACTIUA L OBLIG ATIONS ON OLITS F I.ND] NC LONG-TERN! DEBT 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 TOTAL Disbursements 17.7 13.4 8.3 4.2 1.7 0.3 0.1 0.0 0.0 0.0 Principal 21.6 23.4 24.8 25.1 23.0 22.9 22.4 22.9 18.1 19.0 Interest 8.9 8.6 8.5 8.3 7.8 7.3 6.8 6.3 5.9 5.7 Official creditors Disbursements 17.7 13.4 8.3 4.2 1.7 0.3 0.1 0.0 0.0 0.0 Principal 21.6 23.4 24.8 25.1 23.0 22.9 22.4 22.9 18.1 19.0 Interest 8.9 8.6 8.5 8.3 7.8 7.3 6.8 6.3 5.9 5.7 Bilateral creditors Disbursements 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal 10.0 10.3 10.5 11.4 10.4 9.6 8.4 8.6 2.9 2.9 Interest 3.7 3.6 3.7 3.7 3.2 2.8 2.4 2.0 1.7 1.7 Multilateral creditors Disbursements 17.7 13.4 8.3 4.2 1.7 0.3 0.1 0.0 0.0 0.0 Principal 11.7 13.1 14.3 13.7 12.5 13.3 14.0 14.3 15.2 16.0 Interest 5.2 5.0 4.8 4.7 4.6 4.5 4.4 4.2 4.1 4.0 Private creditors Disbursements 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Interest 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Comimercial banks Disbursements 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Interest 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Other private Disbursements 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Interest 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 154 CHAD (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 1. SUMMARY DEBT DATA TOTAL DEBT STOCKS (EDT) .. 284 524 723 768 828 902 997 1,026 1,091 Long-term debt (LDOD) 33 259 464 671 713 759 833 914 939 1,005 Public and publicly guaranteed 33 259 464 671 713 759 833 914 939 1,005 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Use of IMF credit 3 14 31 30 28 43 49 65 61 64 Short-term debt 12 30 22 26 27 20 18 26 23 of which interest ar-rears on LDOD 7 6 1 3 16 19 11 8 7 9 Officialicreditors 5 4 11 14 17 11 8 7 8 Private creditors 2 2 2 2 2 0 0 0 0 Memo: principal arrears on LDOD 31 16 26 27 32 34 35 30 38 Official creditors 12 13 22 24 28 34 35 30 36 Private creditors ,. 20 3 3 3 3 0 0 0 2 Memo: export credits 0 52 51 32 34 63 85 77 78 TOTAL DEBT FLOWS Disbursements 10 5 112 143 58 83 72 125 92 52 Long-term debt 6 5 104 143 58 69 60 101 80 40 vMF purchases 4 0 8 0 0 15 1 3 24 11 11 Principal repayments 3 5 7 4 8 9 10 16 24 23 Long-term debt 3 3 3 4 6 8 3 10 12 12 IMF repurchases 0 3 4 0 2 2 7 6 11 11 Net flomson debt 7 -8 107 120 51 72 63 110 77 24 of which short-termn debt -8 2 -20 1 -2 1 2 9 -5 Interest payments (INT) 1 5 7 9 9 6 14 12 12 Long-term debt 0 0 3 6 8 8 4 13 10 11 IMFcharges 0 1 0 0 0 1 1 1 1 1 Short-term debt ..0 2 1 1 0 1 0 1 1 Net transfers on debt .. -9 102 113 42 63 57 96 65 12 Total debt service paid (TDS) ..6 12 1 1 17 18 16 30 35 36 Long-term debt 3 3 7 10 14 15 7 23 22 23 IMFrepurchases and charges 0 3 4 0 2 2 8 7 12 1 2 Short-term debt (interest only) ..0 2 1 1 0 1 0 1 1 2. AGGREGATE NEr RESOUiRCE FLO%%SA.ND NET TRANSFERS (LONG-TERMNI NET RESOURCE FLOWS 15 24 247 253 173 203 190 233 190 128 Net flow of long-term debt (ex. 1!F 3 3 100 139 52 6 1 56 9 1 68 28 Foreign direct investment (net) 1 0 0 2 1 5 27 1 3 1 8 1 5 16 Portfolio equity flows 0 0 0 0 0 0 0 0 0 0 Grants (excluding technical coop.) 12 22 147 112 106 115 121 124 107 83 Memo: technical coop. grants 1 0 1 2 6 1 68 7 1 49 63 54 46 44 official net resource flows 1 3 24 248 252 159 176 177 215 175 112 private net resource flows 3 0 -1 2 14 27 1 3 1 8 15 1 6 NET TRANSFERS 13 24 244 259 165 195 186 220 179 116 Interest on long-term debt 0 0 3 6 8 8 4 13 10 I11 Profit remittances on FDI 2 0 0 -11 0 0 0 0 0 1 Memo: official net transfers 12 24 245 246 151 168 173 202 165 101 private net transfers 1 0 -1 13 14 27 13 1 8 14 15 3. NLALJOR ECONONIIC AGGREGATES Gross national product (GNP) 470 1,038 1,730 1,905 1,461 1,152 1,410 1,591 1,492 1,666 Exports of goods & services (XGS) .. 71 274 227 203 196 327 271 293 334 of which workers rem-ittances ..0 0 0 0 1 . Imports of goods & services (MGS) .. 83 511 482 466 424 512 535 534 555 Intemnational reserves (RES) 2 12 132 84 43 80 147 169 139 120 Current account balance .. 12 -46 -86 -117 -38 -12 -95 -120 -113 4. DEBT INDICATORS EDT /XGS (% . 398.2 191.1 318.8 377.5 422.8 275.6 368.1 350.5 326.9 EDT /GNP(% . 27.4 30.3 38.0 52.5 71.9 64.0 62.7 68.8 65.5 TDS /XGS (% . 8.4 4.4 4.8 8.4 9.2 4.8 11.1 12.0 10.6 INTI/XGS(% . 0.8 1.9 3.0 4.4 4.4 1.7 5.2 4.0 3.7 INTI/GNP(% . 0.1 0.3 0.4 0.6 0.8 0.4 0.9 0.8 0.7 RES /EDT(% . 4.1 25.2 11.7 5.6 9.7 16.3 16.9 13.6 11.0 RES /MGS (months) .. 1.7 3.1 2.1 1.1 2.3 3.4 3.8 3.1 2.6 Short-term /EDT (%) .. 4.1 5.7 3.1 3.4 3.2 2.2 1.8 2.6 2.1 Concessional /EDT (% . 60.2 76.8 74.5 77.1 81.4 76.9 76.5 78.6 80.0 Multilateral / EDT (%) .. 26.2 63.4 70.2 72.3 72.8 74.8 73.5 73.2 74.6 155 CHAD (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 5. LONG-TERM DEBT DEBT OUTSTANDING (LDOD) 33 259 464 671 713 759 833 914 939 1,005 Public and publicly guaranteed 33 259 464 671 713 759 833 914 939 1,005 Official creditors 25 205 455 664 708 753 831 897 922 987 Multilateral 2 75 332 508 555 603 675 733 751 814 Concessional 2 75 322 426 482 560 625 687 712 778 Bilateral 23 131 123 156 153 150 156 164 171 174 Concessional 23 97 80 112 110 114 69 77 94 95 Private creditors 8 54 9 7 6 6 2 17 17 17 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 1 I 0 0 0 0 0 0 0 0 Otier private 7 53 9 7 6 6 2 17 17 17 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 0 0 Memo: IBRD 0 0 0 0 0 0 0 0 0 0 IDA 0 36 186 259 284 332 379 433 457 488 DISBURSEMENTS 6 5 104 143 58 69 60 101 80 40 Public and publicly guaranteed 6 5 104 143 58 69 60 101 80 40 Official creditors 3 5 104 143 58 69 60 101 80 40 Multilateral 0 5 72 130 56 62 60 101 74 40 Concessional 0 5 71 55 55 62 60 99 74 40 Bilateral 3 0 32 1 3 3 6 0 0 6 0 Concessional 2 0 25 13 3 6 0 0 6 0 Private creditors 3 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Comirnrcial banks 0 0 0 0 0 0 0 0 0 0 Other private 3 0 0 0 0 0 0 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Conmnercial banks 0 0 0 0 0 0 0 0 0 0 Memo: IBRD 0 0 0 0 0 0 0 0 0 0 IDA 0 0 48 33 25 38 42 68 49 18 PRINCIPAL REPAYMENTS 3 3 3 4 6 8 3 10 12 12 Public and publicly guaranteed 3 3 3 4 6 8 3 10 12 12 Official creditors 1 3 3 4 5 7 3 10 12 12 Multilateral 0 2 3 3 5 6 3 8 10 11 Concessional 0 2 2 3 1 6 2 7 6 7 Bilateral 1 1 0 1 1 2 1 2 3 1 Concessional 1 1 0 0 0 0 0 0 0 0 Private creditors 1 0 1 0 1 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 0 0 Other private 1 0 1 0 1 0 0 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commer'cial banks 0 0 0 0 0 0 0 0 0 0 Memo: IBRD 0 0 0 0 0 0 0 0 0 0 IDA 0 0 1 1 0 2 1 2 2 3 NET FLOWS ON DEBT 3 3 100 139 52 61 56 91 68 28 Public and publicly guaranteed 3 3 100 139 52 61 56 91 68 28 Official creditors 1 3 101 140 53 61 57 91 68 28 Multilateral 0 3 69 127 51 56 57 93 64 29 Concessional 0 3 68 53 54 57 57 92 68 34 Bilateral 1 -1 32 13 2 5 -1 -2 4 -1 Concessional 1 -1 25 13 3 6 0 0 6 0 Private creditors 2 0 -1 0 -1 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 0 0 Other private 2 0 -1 0 -1 0 0 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Comniercial banks 0 0 0 0 0 0 0 0 0 0 Memo: IBRD 0 0 0 0 0 0 0 0 0 0 IDA 0 0 48 32 24 36 41 67 47 15 156 CHAD (US$ millioni, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 INTEREST PAYMENTS (LINT) 0 0 3 6 8 8 4 13 10 11 Public and publicly guaranteed 0 0 3 6 8 8 4 13 10 11 Official creditors 0 0 3 6 8 8 4 13 10 11 Multilateral 0 0 2 4 6 6 4 9 7 8 Concessional 0 0 2 3 3 4 3 7 5 6 Bilateral 0 0 1 2 2 2 0 3 3 3 Concessional 0 0 1 1 2 1 0 0 0 0 Private creditors 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Conmmercial banks 0 0 0 0 0 0 0 0 0 0 Other private 0 0 0 0 0 0 0 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 0 0 Memno: IBRD 0 0 0 0 0 0 0 0 0 0 IDA 0 0 1 2 2 3 3 3 3 4 NET TRANSFERS ON DEBT 3 3 97 134 44 53 52 78 58 17 Public and publicly guaranteed 3 3 97 134 44 53 52 78 58 17 Official creditors 1 3 98 134 45 54 52 78 58 17 Multilateral 0 3 67 123 45 51 53 84 58 21 Concessional 0 3 66 50 51 53 54 85 63 28 Bilateral 1 -1 31 11 0 3 -1 -5 0 -4 Concessional 0 -1 24 12 1 5 0 0 6 0 Private creditors 2 0 -1 -1 -1 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 0 0 Other private 2 0 -1 -1 -1 0 0 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Comimercial banks 0 0 0 0 0 0 0 0 0 0 Memo: IBRD 0 0 0 0 0 0 0 0 0 0 IDA 0 0 47 31 22 34 38 64 43 11 DEBT SERVICE (LTDS) 3 3 7 10 14 15 7 23 22 23 Public and publicly guaranteed 3 3 7 10 14 15 7 23 22 23 Official creditors 2 3 6 9 13 15 7 22 22 23 Multilateral 0 2 5 7 11 12 6 17 16 19 Concessional 0 2 4 6 4 10 6 14 11 12 Bilateral 2 1 1 2 2 3 1 5 6 4 Concessional 2 1 1 1 2 1 0 0 0 0 Private creditors 1 0 1 1 1 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Conmmercial banks 0 0 0 0 0 0 0 0 0 0 Other private 1 0 1 1 1 0 0 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 0 0 Memo: IBRD 0 0 0 0 0 0 0 0 0 0 IDA 0 0 2 3 2 4 4 5 5 7 UNDISBURSED DEBT 18 94 372 315 317 329 387 318 287 292 Official creditors I11 76 372 315 317 329 387 318 287 292 Private creditors 7 18 0 0 0 0 0 0 0 0 Memorandum items Concessional LDOD 24 171 402 538 592 674 694 763 807 873 Variable rate LDOD 0 1 0 0 0 0 0 3 1 1 Public sector LDOD 33 259 464 671 713 758 833 914 939 1,005 Private sector LDOD 0 0 0 0 0 0 0 0 0 0 6. CL' RRENCI' CONIIPOSFTION OF LONG-UERM~ DEBT iPERCENTi Deutsche mark 10.8 2.7 1.5 0.8 0.7 0.7 0.1 0.1 0.0 0.0 French franc 35.1 14.5 9.1 8.7 8.0 8.5 7.6 6.4 5.6 5.8 Japanese yen 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Pound sterling 1.2 0.2 0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Swiss franc 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 U.S.dollars 4.0 18.9 49.0 45.0 45.5 50.2 51.6 53.4 56.9 55.9 Multiple currency 3.7 9.7 25.7 22.9 24.2 26.6 26.3 25.4 23.2 23.5 Special drawing rights 0.0 0.0 0.0 0.0 0.0 0.1 0.2 0.2 0.2 0.2 All other cur-rencies 45.2 54.0 14.6 22.6 21.6 13.9 14.2 14.5 14.1 14.6 157 CHAD (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 7. DEBT RESTrRLICTLTRINGS Total amount rescheduled 8 0 0 0 56 33 10 3 Debt stock rescheduled 0 0 0 0 0 0 0 0 Principal rescheduled 3 0 0 0 2 3 7 2 Official 3 0 0 0 1 3 7 2 Private 1 0 0 0 1 0 0 0 Interest rescheduled ..1 0 0 0 7 1 1 1 Official 1 0 0 0 7 1 1 1 Private 0 0 0 0 1 0 0 0 Debt forgiven 12 0 0 0 55 11 2 2 Memo: interest forgiven 0 0 0 0 8 1 1 1 Debt stock reduction 0 0 0 0 0 0 0 0 of which debt buyback ..0 0 0 0 0 0 0 0 8. DEBT STOCK-FLO%'$ RECONCILLATION Total change in debt stocks 125 94 45 61 74 95 29 65 Net flows on debt 7 -8 107 120 51 72 63 110 77 24 Net change in interest arrears -1 3 3 3 -7 -3 11 Interest capitalized 1 0 0 0 7 1 1 1 Debt forgiveness or reduction -12 0 0 0 -55 -11 -2 -2 Cross-currency valuation 8 -13 -10 -18 12 -7 -15 9 Residual ... 21 -16 1 4 55 5 -32 32 9. AV'ERAGE TERMS OF NEWl COMIMITMENTS ALL CREDITORS Interest (%) 5.7 0.0 1.7 4.4 1.0 1.0 0.9 0.9 0.7 0.4 Maturity (years) 8.3 0.0 30.3 27.4 36.8 37.5 39.8 37.4 47.2 39.8 Grace period (years) 1.0 0.0 9.2 6.8 11.8 9.8 9.1 9.7 10.3 7.3 Grant element (%) 14.3 0.0 66.4 39.0 74.8 76.9 77.5 76.3 83.2 80.8 Official creditors Interest (%) 3.7 0.0 1.7 4.4 1.0 1.0 0.9 0.9 0.7 0.4 Maturity (years) 10.0 0.0 30.3 27.4 36.8 37.5 39.8 37.4 47.2 39.8 Grace period (years) 1.8 0.0 9.2 6.8 11.8 9.8 9.1 9.7 10.3 7.3 Grant element (%) 25.5 0.0 66.4 39.0 74.8 76.9 77.5 76.3 83.2 80.8 Private creditors Interest (%) 6.3 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Maturity (years) 7.8 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Grace period (years) 0.7 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Grant element (%) 11.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memorandum items Commnitments 10 0 85 123 99 62 106 45 75 32 Official creditors 2 0 85 123 99 62 106 45 75 32 Private creditors 8 0 0 0 0 0 0 0 0 0 10. CONTRACTUAL OBLIGATIONS ON OUTSTANDING LONG-TERMI DEBT 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 TOTAL Disbursements 65 83 61 39 22 13 7 1 0 0 Principal 28 30 32 33 35 33 34 34 35 34 Interest 15 14 14 13 13 13 12 12 11 10 Official creditors Disbursements 65 83 61 39 22 13 7 1 0 0 Principal 26 28 31 32 34 32 33 32 34 33 Interest 14 14 14 1 3 13 13 12 1 1 1 1 10 Bilateral creditors Disbursements I 1 1 0 0 0 0 0 0 0 Principal 10 1 1 13 13 13 10 9 8 8 8 Interest 6 5 5 4 4 4 4 4 4 3 Multilateral creditors Disbursements 64 82 60 39 22 13 7 1 0 0 Principal 16 18 18 19 21 22 23 24 26 25 Interest 9 9 9 9 9 8 8 8 7 7 Private creditors Disbursements 0 0 0 0 0 0 0 0 0 0 Principal 2 2 1 1 1 1 1 1 1 1 Interest 0 0 0 0 0 0 0 0 0 0 Commercial banks Disbursements 0 0 0 0 0 0 0 0 0 0 Principal 0 0 0 0 0 0 0 0 0 0 Interest 0 0 0 0 0 0 0 0 0 0 Other private Disbursements 0 0 0 0 0 0 0 0 0 0 Principal 2 2 1 1 1 1 1 1 1 1 Interest 0 0 0 0 0 0 0 0 0 0 158 CHILE (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 1. SLFMINIARI'DEBT DATA TOTAL DEBT STOCKS (EDT) 12,081 19,227 19,134 20,637 24,728 25,562 27,404 31,443 36,302 Long-term debt (LDOD) 2,567 9,399 14,689 15,181 16,031 17,999 18,607 20,414 21,522 28,547 Public and publicly guaranteed 2,066 4,705 10,426 9,578 8,867 8,995 7,178 4,883 4,367 4,986 Private nonguaranteed 501 4,693 4,263 5,603 7,164 9,004 11,429 15,531 17,155 23,560 Use of IMF credit 2 123 1,157 722 476 291 0 0 0 0 Short-term debt 2,560 3,382 3,231 4,130 6,438 6,955 6,990 9,921 7,756 of which interestarrears on LDOD 0 0 0 0 0 0 0 0 0 Official creditors 0 0 0 0 0 0 0 0 0 Private creditors 0 0 0 0 0 0 0 0 0 Memo: principal arrears on LDOD 0 0 0 0 0 0 0 0 0 Official creditors 0 0 0 0 0 0 0 0 0 Private creditors 0 0 0 0 0 0 0 0 0 Memo: export credits 0 2,062 2,064 2,242 2,583 2,335 2,049 1,774 2,065 TOTAL DEBT FLOWS Disbursements 655 3,551 2,253 1,736 2,182 2,922 3,821 6,644 6,217 6,784 Long-term debt 655 3,551 2,253 1,736 2,182 2,922 3,821 6,644 6,217 6,784 IMF purchases 0 0 0 0 0 0 0 0 0 0 Principal repayments 254 1,513 980 1,353 1,721 1,692 3,671 4,677 2,857 2,345 Long-term debt 207 1,462 771 1,150 1,472 1,482 3,369 4,677 2,857 2,345 IMF repurchases 47 52 209 203 249 211 303 0 0 0 Net flows on debt 809 2,963 1,682 1,414 1,360 3,538 667 2,001 6,291 2,274 of which short-term debt .. 925 409 1,032 899 2,308 517 35 2,932 -2,165 Interest payments (INT) .. 1,193 1,792 1,340 1,121 1,268 1,462 1,464 1,561 2,136 Long-terindebt 104 918 1,364 1,135 933 929 1,114 1,185 1,070 1,694 IMF charges 0 12 118 70 43 22 13 0 0 0 Short-term debt .. 262 310 136 145 317 335 279 490 442 Net transfers on debt .. 1,771 -110 74 239 2,270 -795 537 4,731 138 Total debt service paid (TDS) .. 2,706 2,772 2,693 2,842 2,960 5,133 6,142 4,418 4,481 Long-term debt 311 2,380 2,135 2,285 2,405 2,411 4,483 5,863 3,927 4,039 IMFrepurchases and charges 47 64 327 273 292 232 316 0 0 0 Short-term debt (interest only) .. 262 310 136 145 317 335 279 490 442 2. AGG REG ATE NE T RESOUiRCE FLOW%S AN`D NET TRANSFERS (LONG-TE RAI NET RESOURCE FLOWS 381 2,312 2,465 1,902 2,233 4,958 3,759 6,741 9,100 9,190 Net flow of long-term debt (ex. IME 448 2,090 1,481 586 710 1,441 452 1,967 3,360 4,439 Foreign direct investment (net) -79 213 590 937 1,034 2,583 2,978 4,624 5,219 4,638 Portfolio equity flows 0 0 320 323 405 867 274 103 486 87 Grants (excluding technical coop.) 12 9 73 56 84 67 54 47 35 25 Memo: technical coop. grants 19 37 71 92 90 88 97 89 78 72 official net resource flows 67 -136 367 III -125 -122 -1,755 -595 -339 -62 private net resource flows 314 2,447 2,098 1,792 2,358 5,080 5,514 7,336 9,439 9,252 NET TRANSFERS 173 1,307 766 -130 502 3,078 1,645 4,455 6,630 5,845 Interest on long-term debt 104 918 1,364 1,135 933 929 1,114 1,185 1,070 1,694 Profit renmittances on FDI 104 86 335 897 798 950 1,000 1,100 1,400 1,650 Memo: official net transfers 28 -216 -16 -285 -508 -501 -2,143 -869 -500 -181 private net transfers 145 1,523 782 156 1,010 3,580 3,788 5,324 7,129 6,027 3. NMAJOR ECONOr*IC AGGREGATES Gross national product (GNP) 7,987 26,544 28,549 39,915 43,708 47,201 56,810 65,522 67,553 76,232 Exports of goods & services (XGS) .. 6,276 10,705 12,923 12,213 15,000 20,226 19,861 21,858 20,088 of which workers remittances ..0 ..0 0 0 Imports of goods &services (MGS) .. 8,360 11,387 14,259 15,087 16,917 21,883 23,878 26,107 24,690 Intemnational reserves (RES) 392 4,128 6,784 9,790 10,369 13,802 14,860 15,520 17,845 16,014 Cuffent account balance .. -1,971 -485 -958 -2,554 -1,585 -1,350 -3,510 -3,728 -4,139 4. DEBT INDICATORS EDT /XGS(% . 192.5 179.6 148.1 169.0 164.9 126.4 138.0 143.9 180.7 EDT /GNP(% . 45.5 67.4 47.9 47.2 52.4 45.0 41.8 46.6 47.6 TDS / XGS (% . 43.1 25.9 20.8 23.3 19.7 25.4 30.9 20.2 22.3 INT /XGS (% . 19.0 16.7 10.4 9.2 8.5 7.2 7.4 7.1 10.6 INT /GNP(% . 4.5 6.3 3.4 2.6 2.7 2.6 2.2 2.3 2.8 RES /EDT(% . 34.2 35.3 51.2 50.2 55.8 58.1 56.6 56.8 44.1 R.ES / MGS (months) .. 5.9 7.2 8.2 8.3 9.8 8.2 7.8 8.2 7.8 Short-term /EDT (%) .. 21.2 17.6 16.9 20.0 26.0 27.2 25.5 31.6 21.4 Concessional /EDT(% . 5.6 1.9 1.5 1.3 1.3 1.3 1.2 1.1 1.1 Multilateral /EDT (%) .. 2.9 21.6 22.6 21.0 17.7 11.2 7.6 5.1 4.2 159 CHILE (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 5. LONG-TERNI DEBT' DEBT OUTSTANDING (LDOD) 2,567 9,399 14,689 15,181 16,031 17,999 18,607 20,414 21,522 28,547 Public and publicly guaranteed 2,066 4,705 10,426 9,578 8,867 8,995 7,178 4,883 4,367 4,986 Official creditors 1,179 1,360 5,182 5,187 5,104 5,156 3,582 2,711 2,163 2,133 Multilateral 176 351 4,143 4,333 4,327 4,374 2,871 2,092 1,587 1,533 Concessional 20 50 33 29 27 25 23 21 19 17 Bilateral 1,003 1,009 1,039 855 777 782 711 619 576 600 Concessional 658 628 334 250 247 285 308 307 331 365 Private creditors 887 3,345 5,244 4,390 3,764 3,839 3,596 2,172 2,205 2,853 Bonds 60 106 39 320 0 0 0 0 0 0 Commercial banks 291 2,420 4,748 3,799 3,553 3,728 3,509 2,152 2,132 2,784 Otier private 536 818 457 271 210 III 87 20 73 70 Private nonguaranteed 501 4,693 4,263 5,603 7,164 9,004 11,429 15,531 17,155 23,560 Bonds 0 0 0 0 286 377 866 2,725 3,764 4,466 Commercial banks 501 4,693 4,263 5,603 6,878 8,627 10,563 12,806 13,391 19,094 Memo: IBRD ill 163 1,860 1,928 1,902 1,919 1,372 1,093 980 945 IDA 19 21 14 13 12 1 1 1 1 10 9 9 DISBURSEMENTS 655 3,551 2,253 1,736 2,182 2,922 3,821 6,644 6,217 6,784 Public and publicly guaranteed 407 857 708 -670 293 463 342 975 685 1,029 Official creditors 130 62 650 549 270 351 194 157 167 149 Multilateral 34 46 583 480 247 292 146 126 108 94 Concessional 0 3 0 0 0 0 0 0 0 0 Bilateral 97 15 67 69 24 59 48 3 1 59 55 Concessional 44 3 0 1 3 24 59 48 3 1 59 55 Private creditors 277 796 58 121 23 113 148 818 519 880 Bonds 0 55 0 120 0 0 0 0 0 0 Commercial banks 119 568 37 0 23 113 141 808 458 880 Other private 158 172 2 1 0 0 0 7 1 0 60 0 Private nonguaranteed 247 2,694 1,545 1,066 1,889 2,459 3,479 5,669 5,532 5,755 Bonds 0 0 0 0 286 9 1 500 1,870 1,050 863 Commnercial banks 247 2,694 1,545 1,066 1,603 2,368 2,979 3,799 4,482 4,892 Memo: IBRD 27 14 251 200 107 81 83 75 85 7 1 IDA 0 0 0 0 0 0 0 0 0 0 PRINCIPAL REPAYMENTS 207 1,462 771 1,150 1,472 1,482 3,369 4,677 2,857 2,345 Public and publicly guaranteed 166 891 500 632 880 646 2,277 2,960 995 441 Official creditors 75 206 356 495 480 539 2,004 799 541 236 Multilateral 15 15 263 349 353 430 1,884 719 476 173 Concessional 0 0 2 2 2 2 2 2 2 2 Bilateral 61 191 93 146 126 109 119 80 64 63 Concessional 21 69 32 23 24 25 29 28 26 30 Private creditors 90 685 144 137 401 107 273 2,162 454 205 Bonds 5 4 7 0 320 0 0 0 0 0 Commnercial banks 32 464 32 61 21 4 240 2,086 447 201 Other private 54 217 105 76 60 104 33 76 7 3 Private nonguaranteed 41 571 271 518 592 835 1,092 1,717 1,863 1,904 Bonds 0 0 0 0 0 0 1 1 1 1 1 1 161 Commercial banks 41 571 271 518 592 835 1,081 1,706 1,852 1,743 Memo: IBRD 10 9 119 168 172 192 704 263 109 105 IDA 0 0 1 1 1 1 1 1 1 1 NET FLOWS ON DEBT 448 2,090 1,481 586 710 1,441 452 1,967 3,360 4,439 Public and publicly guaranteed 242 -34 208 38 -587 -183 -1,935 -1,986 -309 588 Official creditors 55 -145 294 54 -209 -189 -1,810 -642 -374 -87 Multilateral 19 3 1 319 131 -107 -138 -1,739 -593 -369 -79 Concessional 0 3 -2 -2 -2 -2 -2 -2 -2 -2 Bilateral 36 -176 -25 -77 -103 -51 -71 -49 -5 -9 Concessional 23 -66 -32 -10 -1 34 19 4 33 24 Private creditors 187 ill -86 -16 -378 6 -125 -1,344 65 675 Bonds -5 52 -7 120 -320 0 0 0 0 0 Comimercial banks 87 104 5 -60 1 109 -99 -1,278 1 1 679 Other private 105 -45 -85 -76 -60 -104 -26 -66 54 -3 Private nonguaranteed 206 2,123 1,274 548 1,297 1,624 2,387 3,952 3,669 3,851 Bonds 0 0 0 0 286 91 489 1,859 1,039 702 Commercial banks 206 2,123 1,274 548 1,012 1,533 1,898 2,093 2,630 3,149 Memo: IBRD 18 5 132 32 -65 -111 -621 -188 -25 -35 IDA 0 0 -1 -1 -1 -1 -1 -1 -1 -1 160 CHILE (US$ millioni, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 INTEREST PAYMENTS (LINT) 104 918 1,364 1,135 933 929 1,114 1,185 1,070 1,694 Public and publicly guaranteed 78 483 1,112 806 652 565 653 535 292 622 Official creditors 40 80 384 396 383 379 387 274 161 119 Multilateral 9 26 313 345 341 353 348 190 136 99 Concessional 0 1 1 0 0 0 0 0 0 0 Bilateral 3 1 54 71 5 1 43 27 39 84 24 20 Concessional 12 22 9 6 6 6 6 60 6 6 Private creditors 39 403 729 410 269 186 266 261 131 503 Bonds 2 5 2 1 8 1 5 0 0 0 0 0 Commercial banks 19 325 688 369 238 175 258 256 130 499 Other private 17 73 39 24 16 1 1 8 5 1 4 Private nonguaranteed 26 435 252 329 280 365 461 651 778 1,072 Bonds 0 0 0 0 4 1 3 26 59 192 267 Commercial banks 26 435 252 329 277 352 435 591 587 806 Memo: IBRD 6 16 130 144 142 140 137 89 68 58 IDA 0 0 0 0 0 0 0 0 0 0 NET TRANSFERS ON DEBT 343 1,171 117 -549 -223 511 -662 781 2,290 2,745 Public and publicly guaranteed 163 -517 -905 -768 -1,240 -748 -2,588 -2,521 -601 -33 Official creditors 1 5 -225 -90 -342 -593 -568 -2,197 -916 -535 -206 Multilateral 10 5 7 -214 -447 -490 -2,087 -783 -505 -177 Concessional 0 2 -3 -3 -2 -2 -2 -2 -2 -2 Bilateral 5 -230 -96 -127 -146 -77 -110 -133 -30 -29 Concessional 1 1 -88 -42 -16 -7 28 13 -57 27 19 Private creditors 148 -292 -815 -427 -647 -180 -391 -1,605 -67 173 Bonds -7 47 -9 103 -335 0 0 0 0 0 Commercial banks 68 -221 -683 -430 -236 -66 -357 -1,534 -119 180 Other private 87 -118 -123 -99 -76 -114 -34 -71 52 -8 Private nonguaranteed 180 1,688 1,022 219 1,017 1,259 1,926 3,302 2,891 2,779 Bonds 0 0 0 0 282 78 463 1,800 847 435 Commercial banks 180 1,688 1,022 219 735 1,181 1,463 1,502 2,044 2,343 Memo: IBRD 12 -11 2 -112 -207 -251 -758 -277 -93 -93 IDA 0 0 -1 -1 -1 -1 -l -1 -1 -1 DEBT SERVICE (LTDS) 311 2,380 2,135 2,285 2,405 2,411 4,483 5,863 3,927 4,039 Public and publicly guaranteed 244 1,374 1,612 1,438 1,533 1,211 2,930 3,495 1,286 1,063 Official creditors 115 287 740 891 863 918 2,391 1,073 701 355 Multilateral 24 41 576 695 694 782 2,233 908 613 271 Concessional 0 1 3 3 2 2 2 2 2 2 Bilateral 91 245 164 196 169 136 158 164 89 84 Concessional 33 90 42 29 30 30 36 88 32 36 Private creditors 129 1,088 873 547 670 293 539 2,423 585 708 Bonds 7 8 9 1 8 335 0 0 0 0 0 Commercial banks 5 1 789 720 430 259 179 498 2,342 578 700 Other private 7 1 290 144 100 76 114 4 1 80 8 8 Private nonguaranteed 67 1,006 523 847 872 1,200 1,553 2,368 2,641 2,976 Bonds 0 0 0 0 4 13 37 70 203 428 Commercial banks 67 1,006 523 847 868 1,187 1,516 2,297 2,438 2,549 Memo: IBRD 16 25 249 312 314 332 841 352 178 163 IDA 0 0 1 1 1 1 1 1 1 1 UNDISBURSED DEBT 469 432 1,550 1,847 1,792 1,270 1,196 952 834 506 Official creditors 180 186 1,364 1,758 1,572 1,078 1,101 861 568 214 Private creditors 289 246 186 89 221 192 95 91 266 293 Memorandum items Concessional LDOD 678 678 367 279 274 310 331 328 350 382 Variable rate LDOD 501 7,104 11,126 11,894 12,856 14,903 16,461 18,854 20,425 27,471 Public sector LDOD 1,978 4,587 10,422 9,576 8,867 8,995 7,178 4,883 4,367 4,846 Private sector LDOD 589 4,811 4,267 5,605 7,164 9,004 11,429 15,531 17,155 23,700 6. CURRENCI CONIPOSITION OF LONG-TERM DEBT 4PERCENTI Deutsche mnark 5.6 5.9 4.7 3.7 3.3 3.7 4.5 3.6 2.0 1.9 French franc 2.1 6.3 1.1 0.7 0.7 0.6 0.7 0.8 0.8 0.6 Japanese yen 0.0 1.8 8.2 8.2 8.4 8.8 9.5 8.6 7.2 7.0 Pound sterling 7.4 1.0 3.4 2.7 2.7 2.8 2.9 0.5 0.4 0.3 Swiss franc 0.9 0.4 0.6 0.5 0.6 0.7 0.9 0.3 0.2 0.2 U.S.dollars 75.1 74.6 40.2 37.7 34.9 34.9 42.3 45.8 54.9 79.2 Multiple currency 6.7 7.0 39.4 44.9 48.1 47.5 38.0 39.8 34.2 10.6 Special drawing rights 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 All other currencies 2.2 3.0 2.4 1.6 1.3 1.0 1.2 0.6 0.3 0.2 161 CHILE (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 7. DEBT RESTRU'CTU RINGS Total amount rescheduled 4,173 133 0 0 0 1 0 0 Debt stock rescheduled 4,170 132 0 0 0 0 0 0 Principal rescheduled 0 0 0 0 0 0 0 0 Official 0 0 0 0 0 0 0 0 Private 0 0 0 0 0 0 0 0 Interest rescheduled 0 0 0 0 0 0 0 0 Official ..0 0 0 0 0 0 0 0 Private ..0 0 0 0 0 0 0 0 Debt forgiven 0 1 5 0 0 0 0 0 0 Memo: interest forgiven 0 0 0 0 0 0 0 0 Debt stock reduction 1,101 279 264 32 145 34 0 0 ofwliich debt buyback 0 0 0 0 0 0 0 0 8. DEBT STOCK-FLOW RECONCILLATION Total change in debt stocks 1,195 1,187 1,503 4,092 834 1,842 4,039 4,859 Net flows on debt 809 2,963 1,682 1,414 1,360 3,538 667 2,001 6,291 2,274 Net change in interest arrears 0 0 0 0 0 0 0 0 Interest capitalized 0 0 0 0 0 0 0 0 Debt forgiveness or reduction ... -1,101 -294 -264 -32 -145 -34 0 0 Cross-currency valuation ... 337 -186 46 250 -110 -194 -144 61 Residual ... 277 253 362 336 422 68 -2,108 2,524 9. AVERAGE TER]A1S OF NEW CONmMTITMENTS ALL CREDITORS Interest (%) 6.8 13.9 7.8 6.8 3.1 7.5 6.2 5.6 6.2 6.0 Maturity (years) 12.4 8.4 17.6 20.1 12.2 13.3 18.0 7.0 6.2 5.0 Grace period (years) 3.5 3.7 4.2 5.6 4.8 6.0 5.4 5.3 3.9 2.6 Grant element (%) 15.6 -18.0 12.0 21.3 34.2 13.9 24.2 19.1 13.8 11.2 Official creditors Interest (%) 6.5 8.7 7.7 6.8 1.9 6.3 6.1 4.7 1.0 0.0 Maturity (years) 21.0 15.1 18.4 20.3 15.8 22.1 19.5 20.9 10.0 0.0 Grace period (years) 6.7 3.6 4.3 5.6 3.7 5.0 5.8 8.7 1.5 0.0 Grant element (%) 24.4 6.0 12.8 21.4 43.0 22.6 26.2 38.8 36.4 0.0 Private creditors Interest (%) 6.9 14.4 9.3 5.1 4.2 8.3 6.8 5.6 6.3 6.0 Maturity (years) 11.1 7.7 7.6 5.8 8.9 7.7 9.6 5.9 6.1 5.0 Grace perind (years) 3.0 3.7 2.3 3.2 5.9 6.7 3.0 5.0 3.9 2.6 Grant element (%) 14.3 -20.4 1.7 16.1 26.2 8.3 13.7 17.5 13.5 11.2 Memorandum items Commritments 361 835 1,049 655 317 181 314 885 711 903 Official creditors 46 74 967 646 151 70 265 63 9 0 Private creditors 314 761 82 9 166 ill 49 821 702 903 10. CONTRACTuJAL OBLIGATIONS ON OUTSTANDING LONG-TERAM DEBT 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 TOTAIL Disbursements 231 140 72 32 15 9 6 1 1 Principal 2,348 2,596 4,474 3,191 3,240 1,607 2,000 2,628 1,280 1,023 Interest 1,569 1,445 1,333 1,076 863 1,034 604 484 328 242 Official creditors Disbursements 68 52 38 24 15 9 5 1 1 1 Principal 295 281 276 274 243 202 169 139 85 80 Interest 133 118 103 88 72 57 44 32 24 19 Bilateral creditors Disbursements 3 1 22 14 8 5 3 2 1 1 0 Principal 120 103 93 93 62 21 12 13 15 15 Interest 17 14 1 1 9 7 5 5 5 5 4 Multilateral creditors Disbursements 37 3 1 23 16 1 1 6 4 0 0 0 Principal 175 178 183 181 181 181 157 126 70 65 Interest 116 104 92 79 66 52 39 27 19 14 Private creditors Disbursements 163 87 34 8 0 0 0 0 0 0 Principal 2,053 2,315 4,198 2,917 2,997 1,405 1,830 2,489 1,195 942 Interest 1,436 1,327 1,229 989 791 977 560 452 304 224 Comimercial banks Disbursements 163 87 34 8 0 0 0 0 0 0 Principal 188 475 1,131 625 233 221 120 20 1 8 14 Interest 170 156 140 72 36 19 1 1 5 4 3 Other private Disbursements 0 0 0 0 0 0 0 0 0 0 Principal 1,865 1,841 3,066 2,292 2,763 1,184 1,711 2,470 1,177 929 Interest 1,266 1,171 1,090 917 755 958 549 447 300 221 162 CHINA (US$ millioni, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 1. SUMNIARI' DEBT DATA TOTAL DEBT STOCKS (EDT) 55,301 72,428 85,928 100,457 118,090 128,817 146,697 154,599 Long-term debt (LDOD) 45,515 58,663 70,632 82,974 95,764 103,410 115,233 126,667 Public and publicly guaranteed 45,515 58,463 70,076 82,391 94,675 102,260 112,821 99,424 Private nonguaranteed 0 200 556 583 1,090 1,150 2,412 27,243 Use ofIMF credit 0 0 469 0 0 0 0 0 0 0 Short-term debt -- 9,317 13,765 15,296 17,483 22,325 25,407 31,464 27,933 of whch interest arrears on LDOD 0 0 0 0 0 0 0 0 Official creditors 0 0 0 0 0 0 0 0 Private creditors 0 0 0 0 0 0 0 0 Memo: principal arrears on LDOD 0 0 0 0 0 0 0 0 Official creditors 0 0 0 0 0 0 0 0 Private creditors 0 0 0 0 0 0 0 0 Memo: export credits 8,076 12,790 15,851 23,371 26,520 28,737 31,967 33,164 TOTAL DEBT FLOWS Disbursements --- 9,665 16,505 19,559 16,151 21,985 21,114 23,976 11,148 Long-terindebt 9,665 16,505 19,559 16,151 21,985 21,114 23,976 11,148 IMF purchases 0 0 0 0 0 0 0 0 0 0 Principal repayments - . 3,809 5,213 6,727 6,343 9,070 10,260 11,527 11,209 Long-term debt ..3,319 5,213 6,727 6,343 9,070 10,260 11,527 11,209 JMFrepurchases 0 0 490 0 0 0 0 0 0 0 Net flows on debt -- 8,267 14,277 14,363 11,995 17,758 13,936 18,506 -3,593 of which short-term debt 2,410 2,985 1,531 2,187 4,842 3,082 6,057 -3,532 Interest payments (INT) -.3,248 3,405 3,439 4,792 5,996 5,496 6,918 7,226 Long-termn debt ... 2,534 2,708 2,630 3,844 4,657 4,685 5,553 5,575 IMFcharges 0 0 66 0 0 0 0 0 0 0 Short-term debt ... 649 697 809 948 1,340 812 1,365 1,651 Net transfers on debt -- 5,018 10,872 10,924 7,203 11,761 8,440 11,588 -10,818 Total debt service paid (TDS) -- 7,057 8,618 10,166 11,135 15,066 15,756 18,445 18,435 Long-term debt ... 5,853 7,921 9,357 10,187 13,726 14,944 17,080 16,784 IMFrepurchases and charges 0 0 555 0 0 0 0 0 0 0 Sbort-term debt (interest only) ... 649 697 809 948 1,340 812 1,365 1,651 2. AGGREGATE NET RESOURCE FLO%W-S AND NET TRANSFERS (LONG-TERM) NET RESOURCE FLOWS --10,082 23,969 44,437 47,847 51,900 54,743 65,370 45,230 Net flow of long-termndebt (ex. ilI). . 6,346 11,292 12,832 9,808 12,915 10,854 12,449 -61 Foreign direct investment (net) ... 3,487 11,156 27,515 33,787 35,849 40,180 44,236 43,751 Portfolio equity flows ...0 1,194 3,818 3,915 2,807 3,466 8,457 1,273 Grants (excluding technical coop.) ... 249 327 272 337 329 243 227 267 Memo: technical coop. grants ... 393 446 486 484 559 534 463 508 official net resource flows ... 1,975 2,670 4,887 3,454 8,231 4,643 4,542 2,554 private net resource flows ... 8,107 21,299 39,550 44,392 43,669 50,100 60,828 42,676 NET TRANSFERS 7,502 21,239 41,457 43,503 46,493 48,559 58,017 37,055 Interest on long-term debt ... 2,534 2,708 2,630 3,844 4,657 4,685 5,553 5,575 Profit remittances on FDI ... 46 22 350 500 750 1,500 1,800 2,600 Memo: official net transfers ... 1,444 1,993 4,060 2,324 6,943 3,333 2,757 742 private net transfers ... 6,058 19,246 37,397 41,179 39,550 45,226 55,260 36,314 3. NIAJOR ECONOMIC AGGREGATES Gross national product (GNP) ... 355,609 418,396 430,858 541,496 688,446 804,056 882,321 942,385 Exports of goods & services (XGS) ... 60,515 84,640 91,350 125,313 152,781 180,668 214,848 213,414 of which workers remittances ... 124 228 108 395 350 1,672 4,423 247 Imports of goods &services (MGS) ... 48,668 79,166 104,023 118,345 152,248 173,882 185,851 188,121 Intermational reserves (RES) ... 34,476 24,853 27,348 57,781 80,288 111,729 146,448 152,843 Current account balance ... 11,997 6,401 -11,609 6,908 1,618 7,243 29,718 29,325 4. DEBT INDICATORS EDT /XGS(% ... 91.4 85.6 94.1 80.2 77.3 71.3 68.3 72.4 EDT /GNP(% ... 15.6 17.3 19.9 18.6 17.2 16.0 16.6 16.4 TDS /XGS(% ... 11.7 10.2 11.1 8.9 9.9 8.7 8.6 8.6 INT /XGS(% ... 5.4 4.0 3.8 3.8 3.9 3.0 3.2 3.4 INT /GNP(% ... 0.9 0.8 0.8 0.9 0.9 0.7 0.8 0.8 RES /EDT(% ... 62.3 34.3 31.8 57.5 68.0 86.7 99.8 98.9 RES I MGS (months) ... 8.5 3.8 3.2 5.9 6.3 7.7 9.5 9.8 Short-term! EDT (%) ... 16.9 19.0 17.8 17.4 18.9 19.7 21.5 18.1 Concessional /EDT ()... 17.6 15.8 15.7 15.9 15.2 14.5 12.3 17.4 Multilateral /EDT (%) ... 11.1 11.9 12.4 13.5 13.8 13.7 12.9 14.4 163 CHINA (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 5. LONG-TERM DEBT DEBT OUTSTANDING (LDOD) ... 45,515 58,663 70,632 82,974 95,764 103,410 115,233 126,667 Public and publicly guaranteed ... 45,515 58,463 70,076 82,391 94,675 102,260 112,821 99,424 Official creditors 14,514 19,105 24,339 28,973 36,982 39,433 39,755 45,146 Multilateral 6,111 8,614 10,690 13,588 16,302 17,695 18,973 22,283 Concessional 3,119 4,391 5,285 6,231 7.180 7,715 7,954 8,945 Bilateral 8,403 10,491 13,650 15,385 20,680 21,737 20,782 22,863 Concessional . 6,599 7,041 8,165 9,729 10,792 11,006 10,148 17,892 Private creditors . 31,001 39,358 45,737 53,418 57,693 62,828 73,066 54,278 Bonds 5,426 5,449 7,715 11,087 10,684 11,106 12,616 13,941 Commercial banks 14,520 17,913 20,678 21,475 23,869 24,437 34,873 24,400 Other private 11,055 15,996 17,344 20,856 23,140 27,285 25,577 15,937 Private nonguaranteed . .0 200 556 583 1,090 1,150 2,412 27,243 Bonds ..0 200 556 583 1,090 1,150 2,412 1,198 Commercial banks 0 0 0 0 0 0 0 26,045 Memo: IBRD 0 0 2,865 3,752 4,549 5,933 7,209 7,616 8,239 9,644 IDA 0 0 3,016 4,286 5,160 6,097 7,038 7,579 7,830 8,693 DISBURSEMENTS... 9,665 16,505 19,559 16,151 21,985 21,114 23,976 11,148 Public and publicly guaranteed... 9,665 16,308 19,227 16,151 21,441 20,985 22,458 10,679 Official creditors .. 2,578 3,103 5,501 4,200 9,073 5,669 6,214 5,012 Multilateral ..1,158 1,523 2,252 2,559 2,838 2,797 2,939 2,830 Concessional 511 788 892 686 822 816 715 602 Bilateral 1,420 1,580 3,249 1,642 6,235 2,872 3,275 2,182 Concessional 1,022 223 923 1,171 1,533 1,388 248 2,046 Private creditors ... 7,088 13,204 13,727 11,951 12,368 15,316 16,244 5,667 Bonds ... 277 894 2,737 3,337 1,224 2,777 3,105 1,325 Comimercial banks ... 3,247 5,062 5,622 2,380 4,977 4,915 5,889 1,537 Other private .. 3,564 7,248 5,367 6,234 6,167 7,624 7,249 2,805 Private nonguaranteed ...0 198 332 0 544 129 1,518 469 Bonds ...0 198 332 0 544 129 1,518 469 Commercial banks ...0 0 0 0 0 0 0 0 Memo: IBRD 0 0 591 553 977 1,380 1,457 1,286 1,562 1,474 IDA 0 0 507 778 869 680 812 811 713 592 PRINCIPAL REPAYMENTS... 3,319 5,213 6,727 6,343 9,070 10,260 11,527 11,209 Public and publicly guaranteed ... 3,319 5,213 6,727 6,343 9,070 10,260 11,320 8,182 Official creditors ... 851 760 886 1,083 1,171 1,269 1,899 2,724 Multilateral ... 220 215 272 359 420 414 554 575 Concessional ...0 5 7 12 19 27 34 40 Bilateral ... 631 545 614 725 751 854 1,345 2,150 Concessional ... 145 142 204 276 315 387 385 1,514 Private creditors ... 2,468 4,453 5,841 5,260 7,899 8,991 9,421 5,458 Bonds ... 325 1.095 831 461 1.451 1.716 1,087 0 Commnercial banks ... 808 2,046 2,893 1,803 2,645 4,132 5,159 3,018 Other private ... 1,335 1,312 2,117 2,997 3,803 3,143 3,175 2,440 Private nonguaranteed .. 0 0 0 0 0 0 207 3,027 Bonds ...0 0 0 0 0 0 207 207 Commercial banks ...0 0 0 0 0 0 0 2,820 Memo: IBRD 0 0 216 196 245 315 350 343 351 396 IDA 0 0 0 2 4 9 14 20 26 38 NET FLOWS ON DEBT ... 6,346 11,292 12,832 9,808 12,915 10,854 12,449 -61 Public and publicly guaranteed ... 6,346 11,095 12,500 9,808 12,371 10,725 11,138 2,497 Official creditors ... 1,727 2,343 4,615 3,117 7,902 4,401 4,315 2,288 Multilateral ... 938 1,308 1,980 2,200 2,418 2,383 2,385 2,255 Concessional ..511 782 885 674 804 789 681 563 Bilateral 789 1,035 2,635 917 5,484 2,018 1,930 32 Concessional ... 877 81 720 895 1,218 1,001 -137 531 Private creditors ... 4,620 8,751 7,885 6,691 4,469 6,325 6,823 209 Bonds ... -48 -201 1,906 2,876 -227 1,061 2,019 1,325 Commercial banks ... 2,439 3,016 2,729 577 2,332 783 730 -1,481 Other private ... 2,229 5,936 3,250 3,237 2,364 4,481 4,075 366 Private nonguaranteed . .0 198 332 0 544 129 1,311 -2,558 Bonds ...0 198 332 0 544 129 1,311 262 Commercial banks . .0 0 0 0 0 0 0 -2,820 Memo: IBRD 0 0 376 357 732 1,066 1,107 943 1,211 1,078 IDA 0 0 507 777 865 671 798 791 687 554 164 CHINA (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 INTEREST PAYMENTS (LINT) 2,534 2,708 2,630 3,844 4,657 4,685 5,553 5,575 Public and publicly guaranteed 2,534 2,708 2,618 3,818 4,624 4,631 5,498 4,612 Official creditors 531 678 827 1,131 1,288 1,310 1,785 1,813 Multilateral 226 319 377 480 619 684 730 817 Concessional .. 20 3 1 36 44 53 56 58 60 Bilateral ..305 358 450 651 669 626 1,055 996 Concessional 193 281 305 330 324 293 342 293 Private creditors 2,003 2,031 1,792 2,687 3,336 3,321 3,713 2,799 Bonds 367 337 286 363 594 506 568 397 Commercial banks 959 776 738 1,034 1,333 1,351 1,441 983 Other private 677 917 767 1,290 1,409 1,464 1,704 1,419 Private nonguaranteed 0 0 12 26 33 53 55 963 Bonds ..0 0 12 26 33 53 55 42 Commercial banks 0 0 0 0 0 0 0 921 Memo: IBRD 0 0 200 264 299 364 460 497 507 545 IDA 0 0 19 29 34 41 49 52 56 59 NET TRANSFERS ON DEBT 3,813 8,584 10,202 5,964 8,258 6,170 6,896 -5,636 Public and publicly guaranteed 3,813 8,386 9,882 5,990 7,748 6,094 5,640 -2,115 Official creditors 1,196 1,665 3,788 1,986 6,614 3,090 2,530 475 Multilateral 712 988 1,604 1,720 1,799 1,699 1,655 1,438 Concessional 491 752 849 630 751 734 622 503 Bilateral 484 677 2,184 266 4,816 1,392 875 -963 Concessional ..684 -200 415 565 894 708 -480 239 Private creditors 2,617 6,721 6,094 4,004 1,133 3,004 3,111 -2,590 Bonds -415 -538 1,620 2,513 -821 555 1,451 928 Commercial banks 1,480 2,240 1,99 1 -457 999 -568 -711 -2,465 Other private 1,551 5,019 2,483 1,948 955 3,017 2,371 -1,053 Private nonguaranteed 0 198 320 -26 511 76 1,256 -3,521 Bonds ..0 198 320 -26 511 76 1,256 220 Comimercial banks 0 0 0 0 0 0 0 -3,742 Memo: IBRD 0 0 176 92 433 701 648 447 704 533 IDA 0 0 488 748 831 630 749 738 632 495 DEBT SERVICE (LTDS) 5,853 7,921 9,357 10,187 13,726 14,944 17,080 16,784 Public and publicly guaranteed 5,853 7,921 9,346 10,161 13,693 14,891 16,818 12,794 Official creditors 1,383 1,438 1,713 2,214 2,459 2,579 3,684 4,537 Multilateral 446 534 648 838 1,039 1,099 1,285 1,392 Concessional 20 36 43 56 7 1 82 92 100 Bilateral 937 903 1,064 1,376 1,419 1,480 2,400 3,145 Concessional 338 423 508 607 639 680 728 1,807 Private creditors 4,470 6,483 7,633 7,947 11,234 12,312 13,133 8,257 Bonds 692 1,432 1,117 824 2,045 2,223 1,655 397 Commnercial banks 1,767 2,822 3,631 2,837 3,978 5,483 6,600 4,002 Other private 2,012 2,229 2,885 4,286 5,212 4,607 4,879 3,858 Private nonguaranteed ...0 0 12 26 33 53 262 3,990 Bonds 0 0 12 26 33 53 262 249 Commercial banks 0 0 0 0 0 0 0 3,742 Memo: IBRD 0 0 415 460 543 679 810 840 858 941 IDA 0 0 1 9 30 38 50 63 73 8 1 97 UNDISBURSED DEBT .. 9,298 10,948 16,158 16,235 17,010 17,878 16,859 22,240 Official creditors 5,280 8,168 10,321 13,149 13,454 12,113 11,487 21,730 Private creditors ..4,019 2,780 5,837 3,086 3,556 5,765 5,371 510 Memorandum items Concessional LDOD ... 9,718 11,432 13,449 15,960 17,972 18,722 18,101 26,838 Variable rate LDOD ... 16,491 17,289 20,624 23,272 28,370 30,652 45,217 62,139 Public sector LDOD ... 45,449 58,413 69,864 81,709 93,573 101,163 111,740 47,687 Private sector LDOD ... 66 250 767 1,265 2,192 2,247 3,493 78,980 6. CURRENCI COMPOSITION OF LONG-TERN!l DEBT IPERCENTi Deutsche mark ... 3.1 1.6 1.0 1.7 1.7 1.4 1.2 2.3 French franc ... 0.4 0.4 0.3 0.3 0.3 0.3 0.2 2.9 Japanese yen ... 30.4 22.6 21.0 23.2 20.7 15.9 11.8 14.8 Pound sterling ... 0.7 0.4 0.3 0.3 0.2 0.2 0.2 0.1 Swriss franc ... 0.2 0.0 0.0 0.1 0.0 0.0 0.0 0.1 U.S.dollars ... 29.1 48.3 54.3 53.6 58.1 65.0 74.6 72.4 Multiple currency ... 31.2 23.3 20.5 18.7 17.1 15.6 10.8 6.2 Special drawing rights ... 0.3 0.2 0.2 0.2 0.1 0.1 0.1 0.3 All other currencies ... 4.6 3.2 2.4 1.9 1.8 1.5 1.1 0.9 165 CHINA (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 7. DEBT RESTRLiCTURINGS Total amount rescheduled 0 0 0 0 0 0 0 0 Debt stock rescheduled 0 0 0 0 0 0 0 0 Principal rescheduled 0 0 0 0 0 0 0 0 Official 0 0 0 0 0 0 0 0 Private 0 0 0 0 0 0 0 0 Interest rescheduled 0 0 0 0 0 0 0 0 Official ..0 0 0 0 0 0 0 0 Private 0 0 0 0 0 0 0 0 Debt forgiven ..0 0 0 0 0 0 0 0 Memo: interest forgiven ..0 0 0 0 0 0 0 0 Debt stock reduction 0 0 0 0 0 0 0 0 of which debt buyback ..0 0 0 0 0 0 0 0 8. DEBT STOCK-FLOW RECONCILIAT1ION Total change in debt stocks 10,369 12,169 13,500 14,529 17,633 10,727 17,880 7,902 Net flows on debt 8,267 14,277 14,363 11,995 17,758 13,936 18,506 -3,593 Net change in interest arrears 0 0 0 0 0 0 0 0 Interest capitalized 0 0 0 0 0 0 0 0 Debt forgiveness or reduction 0 0 0 0 0 0 0 0 Cross-currency valuation ... 1,484 -295 1,593 2,906 -222 -2,614 -2,343 2,531 Residual ... 618 -1,814 -2,456 -371 98 -594 1,717 8,964 9. AVERAIGE TERAMS OF NFEW COlMNITNIEN IS ALL CREDITORS Interest (%) ... 7.5 6.2 5.5 5.5 6.5 6.6 6.5 6.2 Maturity (years) ... 16.6 14.9 14.0 15.6 11.8 10.1 10.1 13.0 Grace period (years) ... 3.9 3.5 3.9 5.0 2.9 2.9 3.2 4.2 Grant element (%) ... 15.6 19.3 22.1 25.5 15.4 14.2 14.8 19.5 Official creditors Interest (%) ... 3.7 5.5 5.1 5.6 6.8 5.9 6.6 5.9 Maturity (years) ... 27.9 22.2 19.7 21.1 18.3 21.2 19.1 21.6 Grace period (years) ... 7.9 5.7 5.3 6.0 3.7 4.5 3.9 5.6 Grant element (%) ... 49.2 31.1 31.8 30.4 19.0 27.7 21.2 27.8 Private creditors Interest (%) ... 8.6 6.5 5.6 5.4 6.3 6.8 6.4 6.4 Maturity (years) ... 13.3 12.3 11.4 11.6 7.3 7.0 6.4 6.8 Grace period (years) ... 2.7 2.7 3.3 4.2 2.4 2.4 2.9 3.3 Grant element (%) ... 5.7 15.0 17.8 21.7 12.9 10.5 12.2 13.5 Memorandum items Comm-itments... 9,988 16,831 24,930 15,945 22,796 22,438 22,108 8,029 Official creditors ... 2,288 4,451 7,629 6,809 9,279 4,886 6,323 3,357 Private creditors... 7,701 12,379 17,301 9,135 13,517 17,552 15,785 4,671 10. CONTRACTUAL OBLIGATIONS ON OUTSTVN-DING LONG-TERNI DEBT 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 TOTAL Disbursements 7.508 5,268 3.479 2.357 1,551 982 633 284 148 31 Principal 7,482 9,936 15,435 15,955 15,199 11,916 18,528 4,205 3,812 3,604 Interest 6,025 6,009 5,719 5,118 4,463 3,111 2,201 1,610 1,424 1,232 Official creditors Disbursements 7,199 5,142 3,426 2,343 1,547 979 632 284 148 3 1 Principal 3,286 3,540 4,060 4,492 4,508 4,218 3,783 3,740 3,605 3,058 Interest 2,032 2,129 2,137 2,069 1,949 1,802 1,655 1,495 1,328 1,164 Bilateral creditors Disbursements 4,807 2,849 1,455 688 262 106 24 0 0 0 Principal 2,431 2,490 2,740 2,947 2,822 2,410 1,961 1,931 1,842 1,340 Interest 916 958 931 857 760 665 589 518 447 382 Multilateral creditors Disbursements 2,392 2,293 1,971 1,655 1,285 873 608 284 148 3 1 Principal 855 1,051 1,320 1,545 1,686 1,808 1,822 1,809 1,763 1,719 Interest 1,116 1,170 1,206 1,212 1,189 1,137 1,066 977 881 782 Private creditors Disbursements 309 126 53 13 4 3 1 0 0 0 Principal 4,196 6,396 11,375 11,463 10,692 7,698 14,745 466 207 546 Interest 3,992 3,880 3,582 3,050 2,514 1,310 546 115 96 68 Commnercial banks Disbursements 90 36 1 3 2 0 0 0 0 0 0 Principal 145 174 5,672 5,669 5,661 5,651 149 132 114 109 Interest 1,416 1,413 1,325 981 637 294 35 32 28 25 Other private Disbursements 219 9 1 40 12 4 3 1 0 0 0 Principal 4,051 6,221 5,703 5,794 5,030 2,047 14,595 333 93 437 Interest 2,577 2,467 2,258 2,069 1,877 1,016 511 83 68 42 166 COLOMEBIA (US$ milliont, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 I. SUMTMARY DEBT DATA TOTAL DEBT STOCKS (EDT) 6,941 17,222 17,277 18,942 21,940 25,048 28,900 31,800 33,263 Long-term debt (LDOD) 1,580 4,604 15,784 14,726 15,289 17,448 19,503 23,016 26,041 27,031 Public and publicly guaranteed 1,297 4,089 14,671 13,476 13,243 14,358 13,950 14,854 15,295 16,930 Private nonguaranteed 283 515 1,113 1,250 2,046 3,091 5,553 8,162 10,746 10,101 Useof IMF credit 55 0 0 0 0 0 0 0 0 0 Short-term debt 2,337 1,438 2,551 3,653 4,492 5,545 5,884 5,759 6,232 of whch interest arrears on LDOD 0 28 1 1 1 5 1 1 2 0 0 0 Official creditors 0 17 10 1 1 8 0 0 0 0 Private creditors 0 1 1 1 4 3 2 0 0 0 Memo: principal arrears on LDOD 0 409 145 192 230 224 42 38 42 Official creditors 0 42 90 119 138 125 3 1 28 3 1 Private creditors 0 367 55 73 92 99 1 1 10 1 1 Memo: export credits 0 3,908 3,172 3,090 3,235 2,841 3,385 3,113 3,340 TOTAL DEBT FLOWS Disbursements 282 1,071 1,994 2,189 3,083 5,709 4,181 7,422 6,116 3,289 Long-term debt 253 1,071 1,994 2,189 3,083 5,709 4,181 7,422 6,116 3,289 IMF purchases 29 0 0 0 0 0 0 0 0 0 Principal repayments 210 263 2,189 2,614 2,405 3,892 2,347 3,365 2,516 2,617 Long-term debt 137 263 2,189 2,614 2,405 3,892 2,347 3,365 2,516 2,617 IMF repurchases 73 0 0 0 0 0 0 0 0 0 Net flows on debt 674 1,133 -399 383 1,776 2,660 2,897 4,397 3,476 1,146 of which short-term debt 325 -204 808 1,098 844 1,062 341 -125 473 Interest payments (INT) 688 1,701 1,394 1,302 1,678 1,998 2,036 2,011 1,949 Long-term debt 59 310 1,558 1,290 1,131 1,478 1,687 1,722 1,662 1,600 vIMFcharges 0 0 0 0 0 0 0 0 0 0 Short-term debt .. 378 143 104 171 200 311 314 349 348 Net transfers on debt .. 445 -2,100 -1,011 474 982 899 2,361 1,465 -803 Total debt service paid (TDS) .. 951 3,889 4,008 3,707 5,570 4,345 5,401 4,527 4,565 Long-term debt 197 573 3,746 3,904 3,536 5,370 4,034 5,087 4,178 4,217 IMF repurchases and charges 73 0 0 0 0 0 0 0 0 0 Short-term debt (interest only) .. 378 143 104 171 200 311 314 349 348 2. ACGREGATE NET RESOURCE FLOWS AND NET TRANSFERS (LONG-TERNIi NET RESOURCE F'LOWS 181 973 340 393 1,883 3,626 3,008 7,550 9,507 3,798 Net flow of long-term debt (ex. IM)115 808 -195 -426 678 1,817 1,834 4,057 3,601 673 Foreign direct investmnent (net) 43 157 500 729 959 1,445 969 3,123 5,703 3,038 Portfolio equity flows 0 0 0 0 169 320 131 290 116 26 Grants (excluding technical coop.) 23 8 35 89 76 45 74 8 1 88 6 1 Memo: technical coop. grants 14 46 85 89 77 85 98 9 1 75 115 official net resource flows 178 285 -5 -324 -234 -423 -349 -30 -364 168 private net resource flows 3 688 345 717 2,117 4,049 3,357 7,580 9,872 3,630 NET TRANSFERS 28 553 -2,182 -1,940 -449 749 -179 4,079 5,946 197 Interest on long-term debt 59 310 1,558 1,290 1,131 1,478 1,687 1,722 1,662 1,600 Profit renmittances on FDI 94 110 964 1,043 1,200 1,400 1,500 1,750 1,900 2,000 Memo: official net transfers 142 157 -632 -972 -813 -938 -855 -498 -770 -202 private net transfers -114 396 -1,550 -968 364 1,686 675 4,576 6,716 399 3. NMAJOR ECONOMIC AGGREGATES Gross national product (GNP) 7,086 33,506 38,559 86,463 78,909 79,164 89,491 95,377 106,408 100,426 Exports of goods & services (XGS) 1,025 5,928 9,514 10,325 10,964 12,373 13,697 14,529 15,771 14,871 of which workers rem-ittances 6 68 488 630 455 966 739 635 658 483 Imports of goods & services (MGS) 1,348 6,231 9,510 10,528 13,750 16,093 18,339 19,274 21,644 20,776 Intemational reserves (RES) 207 6,474 4,453 7,551 7,670 7,862 8,205 9,690 9,611 8,397 Current account balance -293 -206 542 901 -2,102 -3,596 -4,624 -4,762 -5,891 -5,908 4. DEBT INDICATORS EDT /XGS (% . 117.1 181.0 167.3 172.8 177.3 182.9 198.9 201.6 223.7 EDT /GNP(% . 20.7 44.7 20.0 24.0 27.7 28.0 30.3 29.9 33.1 TDS /XGS(% . 16.0 40.9 38.8 33.8 45.0 31.7 37.2 28.7 30.7 INT /XGS (% . 11.6 17.9 13.5 11.9 13.6 14.6 14.0 12.8 13.1 INT /GNP(% . 2.1 4.4 1.6 1.7 2.1 2.2 2.1 1.9 1.9 RES / EDT (% . 93.3 25.9 43.7 40.5 35.8 32.8 33.5 30.2 25.2 RES /MGS (months) 1.8 12.5 5.6 8.6 6.7 5.9 5.4 6.0 5.3 4.9 Short-termn/ EDT (%) .. 33.7 8.4 14.8 19.3 20.5 22.1 20.4 18.1 18.7 Concessional / EDT (% . 14.2 5.7 5.3 4.0 4.3 3.9 3.3 2.8 2.7 Multilateral /EDT (%) .. 19.5 35.4 34.0 29.9 24.6 21.2 16.5 12.8 13.7 167 COLOMBIA (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 5. LONG-TERNI DEBT DEBT OUTSTANDING (LDOD) 1,580 4,604 15,784 14,726 15,289 17,448 19,503 23,016 26,041 27,031 Public and publicly guaranteed 1,297 4,089 14,671 13,476 13,243 14,358 13,950 14,854 15,295 16,930 Official creditors 1,112 2,393 8,540 7,816 7,461 7,277 7,066 6,503 5,623 5,947 Multilateral 445 1,350 6,103 5,874 5,657 5,392 5,320 4,765 4,084 4,550 Concessional 25 89 219 193 180 175 164 152 145 131 Bilateral 667 1,043 2,437 1,941 1,803 1,886 1,747 1,738 1,538 1,397 Concessional 604 899 769 717 577 773 814 790 745 759 Private creditors 185 1,696 6,131 5,660 5,782 7,080 6,883 8,351 9,672 10,983 Bonds 21 31 275 419 875 1,333 1,734 3,410 4,366 6,200 Commercial banks 24 1,371 4,208 3,828 3,724 4,623 4,163 4,095 4,482 4,112 Other private 140 294 1,648 1,414 1,182 1,124 987 847 825 670 Private nonguaranteed 283 515 1,113 1,250 2,046 3,091 5,553 8,162 10,746 10,101 Bonds 0 0 0 0 0 125 717 820 809 821 Commercial banks 283 515 1,113 1,250 2,046 2,966 4,836 7,341 9,937 9,280 Memo: IBRD 354 991 3,859 3,195 2,969 2,629 2,548 2,177 1,723 1,740 IDA 20 21 1 5 1 3 12 12 11 10 10 9 DISBURSEMENTS 253 1,071 1,994 2,189 3,083 5,709 4,181 7,422 6,116 3,289 Public and publicly guaranteed 253 1,016 1,847 1,680 1,786 3,109 1,571 3,461 2,854 3,289 Official creditors 194 413 698 838 955 1,158 687 880 611 790 Multilateral 74 303 559 681 629 602 397 428 488 737 Concessional 0 37 4 0 0 9 2 0 5 0 Bilateral 120 ill 139 157 326 555 290 453 123 53 Concessional 101 9 26 40 15 205 70 50 43 20 Private creditors 59 603 1,150 843 830 1,951 885 2,581 2,242 2,500 Bonds 0 0 0 100 475 566 535 1,928 1,144 2,132 Commercial banks 8 500 874 401 260 1,223 257 509 893 329 Other private 50 103 275 342 95 162 93 145 205 39 Private nonguaranteed 0 55 147 508 1,297 2,600 2,610 3,960 3,263 0 Bonds 0 0 0 0 0 125 592 108 0 0 Commercial banks 0 55 147 508 1,297 2,475 2,018 3,852 3,263 0 Memo: IBRD 58 218 213 262 301 310 238 152 189 184 IDA 0 0 0 0 0 0 0 0 0 0 PRINCIPAL REPAYMENTS 137 263 2,189 2,614 2,405 3,892 2,347 3,365 2,516 2,617 Public and publicly guaranteed 78 250 1,875 2,375 1,904 2,336 2,200 2,018 1,848 1,961 Official creditors 39 136 737 1,251 1,266 1,625 1,110 991 1,063 683 Multilateral 22 80 527 794 915 1,299 647 613 833 437 Concessional 0 1 12 13 13 13 13 13 12 14 Bilateral 17 57 210 457 352 326 463 377 230 245 Concessional 7 30 36 35 47 24 39 38 43 38 Private creditors 40 114 1,138 1,124 638 711 1,090 1,027 785 1,278 Bonds 3 3 4 41 22 113 120 192 76 380 Commrercial banks 12 52 849 683 366 334 723 570 502 700 Other private 25 59 284 401 249 265 248 265 208 198 Private nonguaranteed 59 13 314 239 501 1,556 147 1,347 667 656 Bonds 0 0 0 0 0 0 0 0 0 0 Commnercial banks 59 13 314 239 501 1,556 147 1,347 667 656 Memo: IBRD 17 65 434 681 596 836 414 350 437 232 IDA 0 0 1 1 1 1 1 1 1 1 NET FLOWS ON DEBT 115 808 -195 -426 678 1,817 1,834 4,057 3,601 673 Public and publicly guaranteed 174 766 -28 -695 -118 772 -628 1,443 1,005 1,329 Official creditors 155 277 -40 -413 -311 -467 -423 -111 -452 107 Multilateral 52 223 32 -113 -286 -697 -250 -186 -345 300 Concessional 0 37 -8 -13 -13 -4 -11 -13 -7 -14 Bilateral 104 54 -72 -300 -25 230 -173 75 -107 -193 Concessional 94 -21 -10 5 -32 181 31 12 0 -18 Private creditors 19 489 12 -281 192 1,240 -205 1,554 1,457 1,222 Bonds -3 -3 -4 60 453 453 416 1,736 1,068 1,752 Commercial banks -4 449 25 -282 -106 889 -466 -61 391 -371 Other private 26 44 -9 -59 -154 -103 -155 -121 -2 -160 Private nonguaranteed -59 42 -167 269 796 1,044 2,463 2,613 2,595 -656 Bonds 0 0 0 0 0 125 592 108 0 0 Commercial banks -59 42 -167 269 796 919 1,871 2,505 2,595 -656 Memo: IBRD 41 152 -221 -419 -294 -526 -176 -198 -248 -48 IDA 0 0 -1 -1 -1 -1 -1 -1 -1 -1 168 COLOMBIA (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 INTEREST PAYMENTS (LINT) 59 310 1,558 1,290 1,131 1,478 1,687 1,722 1,662 1,600 Public and publicly guaranteed 44 279 1,240 1,077 893 977 962 843 885 977 Official creditors 36 128 627 648 579 515 506 468 406 370 Multilateral 25 102 476 474 457 424 388 366 314 286 Concessional 0 2 6 4 4 5 4 4 3 3 Bilateral 12 26 150 174 122 91 118 102 91 84 Concessional 8 21 19 14 21 18 25 26 24 24 Private creditors 8 151 613 429 314 462 457 375 480 607 Bonds 1 2 27 23 25 57 58 43 145 242 Commercial banks 2 128 461 286 179 305 310 254 269 303 Other private 5 2 1 124 121 110 100 89 78 66 63 Private nonguaranteed 15 31 318 213 239 500 725 879 776 623 Bonds 0 0 0 0 0 0 15 78 82 82 Comimercial banks 15 3 1 318 213 239 500 710 801 695 542 Memo: IBRD 20 79 318 278 242 218 191 170 137 115 IDA 0 0 0 0 0 0 0 0 0 0 NET TRANSFERS ON DEBT 56 498 -1,753 -1,715 -453 339 147 2,335 1,939 -928 Public and publicly guaranteed 130 487 -1,268 -1,772 -1,011 -205 -1,591 601 120 352 Official creditors 119 149 -666 -1,061 -889 -982 -928 -578 -858 -263 Multilateral 27 121 -445 -587 -742 -1,121 -638 -551 -659 14 Concessional -1 35 -14 -17 -17 -8 -15 -16 -10 -17 Bilateral 92 28 -222 -474 -147 139 -291 -27 -199 -277 Concessional 86 -42 -29 -9 -53 163 6 -14 -23 -42 Private creditors I11 338 -601 -711 -122 777 -662 1,179 978 615 Bonds -3 -5 -32 36 428 396 357 1,693 924 1,511 Commnercial baniks -7 321 -436 -567 -285 584 -776 -315 122 -674 Other private 2 1 22 -133 -180 -264 -203 -244 -199 -68 -222 Private nonguaranteed -74 11 -485 56 558 544 1,738 1,734 1,819 -1,280 Bonds 0 0 0 0 0 125 577 30 -82 -82 Commercial banks -74 1 1 -485 56 558 419 1,161 1,704 1,901 -1,198 Memo: IBRD 21 74 -538 -697 -537 -744 -367 -368 -385 -163 IDA 0 0 -1 -1 -1 -1 -1 -1 -1 -1 DEBT SERVICE (LTDS) 197 573 3,746 3,904 3,536 5,370 4,034 5,087 4,178 4,217 Public and publicly guaranteed 123 529 3,115 3,452 2,797 3,313 3,162 2,861 2,734 2,937 Official creditors 75 264 1,364 1,898 1,845 2,140 1,615 1,458 1,469 1,053 Multilateral 47 181 1,003 1,268 1,371 1,723 1,035 979 1,148 723 Concessional 1 2 18 17 17 1 8 17 17 15 17 Bilateral 28 83 361 631 473 417 581 479 321 329 Concessional 15 5 1 55 49 68 42 64 64 66 61 Private creditors 47 265 1,751 1,554 952 1,174 1,547 1,402 1,265 1,885 Bonds 3 5 32 64 47 170 178 235 220 621 Commercial banks 1 5 179 1,311 969 545 639 1,032 824 771 1,003 Other private 29 80 409 521 360 365 337 343 274 261 Private nonguaranteed 74 44 632 452 740 2,056 872 2,226 1,444 1,280 Bonds 0 0 0 0 0 0 15 78 82 82 Commercial banks 74 44 632 452 740 2,056 857 2,148 1,362 1,198 Memo: IIBRD 37 144 751 959 838 1,054 604 520 573 347 IDA 0 0 1 1 1 1 1 1 1 1 UNDISBURSED DEBT 576 2,455 4,034 3,895 3,915 2,791 2,756 2,390 2,025 1,778 Official creditors 424 1,781 3,468 2,865 2,948 2,675 2,434 2,193 1,968 1,775 Private creditors 153 674 567 1,029 967 116 322 197 57 3 Memorandum items Concessional LDOD 629 988 988 910 757 948 979 943 890 890 Variable rate LDOD 283 1,877 7,778 7,731 8,429 9,656 11,660 14,541 17,228 16,827 Public sector LDOD 1,224 4,045 14,630 13,474 13,241 14,354 13,945 14,848 15,289 16,925 Private sector LDOD 356 559 1,154 1,252 2,048 3,094 5,558 8,167 10,752 10,106 6. CLURRENCI'CONMPOSITION OF LONG-TERNI DEBT (PERCENT) Deutsche mark 1.3 3.8 6.0 4.9 4.5 4.3 5.0 3.3 2.2 5.6 French franc 0.4 1.9 0.3 0.3 0.3 0.4 0.4 0.3 0.2 0.2 Japanese yen 0.0 0.1 4.9 4.2 3.9 4.1 5.6 5.9 4.9 4.8 Pound sterling 0.2 0.4 0.3 0.2 0.2 0.1 0.1 0.1 0.1 1.1 Swiss franc 0.3 0.0 0.3 0.2 0.2 0.2 0.2 0.1 0.1 0.1 U.S.dollars 66.1 60.4 44.0 45.6 48.2 54.9 53.3 62.1 76.8 75.0 Multiple currency 29.8 31.3 41.2 42.5 41.3 34.7 34.3 27.2 15.0 12.9 Special drawing rights 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 All other currencies 1.9 2.1 3.0 2.1 1.4 1.3 1.1 1.0 0.7 0.3 169 COLOMBIA (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 7. DEBT RESTRIUCTURINGS Total amount rescheduled ..0 0 254 0 0 0 0 0 Debt stock rescheduled ...0 0 .254 0 0 0 0 0 Principal rescheduled ...0 0 0 0 0 0 0 0 Official ...0 0 0 0 0 0 0 0 Private ...0 0 0 0 0 0 0 0 Interest rescheduled ...0 0 0 0 0 0 0 0 Official ...0 0 0 0 0 0 0 0 Private ..0 0 0 0 0 0 0 0 Debt forgiven ...2 1 37 0 0 0 0 0 Memo: interest forgiven ...0 0 0 0 0 0 0 0 Debt stock reduction ...0 24 54 0 0 0 0 0 of which debt buyback ...0 0 0 0 0 0 0 0 8. DEBT STOCK-FLO1V RECONCILLATION Total change in debt stocks ... 336 76 1,665 2,998 3,108 3,852 2,900 1,464 Net flows on debt 674 1,133 -399 383 1,776 2,660 2,897 4,397 3,476 1,146 Net change in interest arrears ... 26 -9 4 -5 -9 -2 0 0 Interest capitalized ...0 0 0 0 0 0 0 0 Debt forgiveness or reduction ...-2 -25 -91 0 0 0 0 0 Cross-cuffency valuation ... 398 -372 -99 173 16 -402 -382 230 Residual ... 314 99 74 170 204 -142 -194 88 9. AVERAGE TERMS OF NEW CONIAIITNIENTS ALL CREDITORS Interest (%) 6.0 12.9 8.0 8.1 7.0 5.1 4.8 7.2 7.4 7.7 Maturity (years) 21.2 15.5 16.5 16.8 12.8 12.3 11.6 9.1 12.3 8.1 Grace period (years) 4.8 4.4 4.6 4.6 3.9 5.4 4.3 5.8 7.6 5.7 Grant element (%) 25.8 -20.4 12.2 10.5 14.1 22.9 23.6 12.6 13.0 9.5 Official creditors Interest (%) 5.2 8.9 7.5 7.8 7.2 6.5 6.4 6.8 7.2 7.2 Maturity (years) 29.8 18.0 18.7 17.9 17.6 19.3 20.4 17.3 18.6 15.0 Grace period (years) 7.2 4.3 5.4 4.6 4.4 5.2 4.8 4.6 4.4 4.0 Grant element (%) 36.9 6.5 15.5 12.7 16.3 21.8 23.2 18.9 16.4 14.8 Private creditors Interest (%) 7.2 15.4 9.3 9.3 6.7 4.0 3.8 7.3 7.4 7.8 Maturity (years) 7.2 13.9 9.9 13.0 6.0 6.9 6.0 7.1 10.9 6.3 Grace period (years) 1.1 4.5 2.2 5.0 3.1 5.6 4.0 6.1 8.4 6.1 Grant element (%) 7.9 -37.2 2.3 2.8 11.0 23.7 23.8 11.0 12.2 8.0 Memorandum items Commiitments 363 1,566 1,269 1,075 1,865 2,143 1,792 3,064 2,596 3,176 Official creditors 224 602 951 831 1,089 933 704 607 493 682 Private creditors 139 964 318 244 776 1,209 1,088 2,458 2,102 2,494 10. CONTRACTUAL OBLIGATIONS ON OUTSTANDING LONG-TERMI DEBT 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 TOTAL Disbursements 475 451 320 223 137 83 50 18 11 5 Principal 3,076 2,820 3,501 2,833 2,789 1,731 1,818 1,450 2,079 1,739 Interest 1,820 1,672 1,502 1,270 1,096 911 803 658 537 383 Official creditors Disbursements 473 451 320 223 137 83 50 1 8 1 1 5 Principal 651 641 690 670 630 611 556 500 447 405 Interest 419 399 375 341 305 268 231 196 164 135 Bilateral creditors Disbursements 15 7 5 2 2 2 1 0 0 0 Principal 141 108 109 107 104 90 75 69 69 69 Interest 70 62 55 48 42 36 32 28 25 21 Multilateral creditors Disbursements 458 444 315 221 135 8 1 49 1 8 1 1 5 Principal 510 533 581 563 526 522 481 431 378 336 Interest 349 337 320 293 263 232 199 168 139 114 Private creditors Disbursements 3 0 0 0 0 0 0 0 0 0 Principal 2,425 2,179 2,811 2,163 2,159 1,120 1,261 951 1,632 1,335 Interest 1,402 1,273 1,128 929 791 642 571 463 373 248 Conmmercial banks Disbursements 0 0 0 0 0 0 0 0 0 0 Principal 926 795 966 511 414 390 50 22 14 5 Interest 263 204 141 92 58 26 7 4 2 2 Other private Disbursements 3 0 0 0 0 0 0 0 0 0 Principal 1,500 1,384 1,845 1,652 1,745 730 1,211 929 1,619 1,330 Interest 1,139 1,069 986 838 733 617 565 459 371 247 170 COMOROS (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 1. SU MMARY DEBT DATA TOTAL DEBT STOCKS (EDT) .. 44.0 184.9 188.3 184.9 192.3 203.7 205.6 200.1 203.1 Long-term debt (LDOD) 1.2 43.0 172.6 175.2 169.6 179.0 190.3 192.9 183.9 188.1 Public and publicly guaranteed 1.2 43.0 172.6 175.2 169.6 179.0 190.3 192.9 183.9 188.1 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Use of IMF credit 0.0 0.0 0.0 1.2 1.2 3.3 3.3 3.2 2.8 2.7 Short-term debt .. 1.0 12.4 11.8 14.1 9.9 10.1 9.5 13.4 12.3 of which interest arrears on LDOD .. 0.0 12.2 11.7 13.1 9.9 8.1 9.5 8.4 11.2 Officialicreditors .. 0.0 12.2 11.7 13.1 9.9 8.1 9.5 8.4 11.2 Private creditors .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: principal arrears on LDOD .. 0.0 25.5 19.4 18.8 18.6 26.8 33.0 32.1 33.6 Official creditors .. 0.0 25.5 19.4 18.8 18.6 26.8 33.0 32.1 33.6 Private creditors .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: export credits .. 0.0 2.0 1.0 1.0 2.0 4.0 3.0 3.0 3.0 TOTAL DEBT FLOWS Disbursements 0.0 13.0 5.4 17.7 5.5 9.6 9.6 7.0 5.2 4.4 Long-term debt 0.0 13.0 5.4 17.7 5.5 7.7 9.6 7.0 5.2 4.4 IMF purchases 0.0 0.0 0.0 0.0 0.0 1.9 0.0 0.0 0.0 0.0 Principal repayments 0.0 0.0 0.2 3.2 1.6 2.0 0.4 0.8 2.7 5.5 Long-termn debt 0.0 0.0 0.2 3.2 1.6 2.0 0.4 0.8 2.5 5.2 IMFrepurchases 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.2 0.2 Net flows on debt 0.0 13.0 2.2 14.5 4.8 6.7 11.2 4.2 7.5 -5.0 ofwliich short-term debt .. 0.0 -3.0 0.0 0.9 -1.0 2.0 -2.0 5.0 -3.9 Interest payments (INT) .. 0.4 0.8 2.5 0.6 0.8 0.6 0.6 0.9 0.7 Long-termn debt 0.0 0.3 0.7 2.5 0.6 0.7 0.5 0.6 0.6 0.6 IMF charges 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Short-termn debt .. 0.1 0.1 0.0 0.0 0.0 0.1 0.1 0.3 0.1 Net transfers on debt .. 12.6 1.3 12.0 4.2 5.9 10.6 3.6 6.6 -5.7 Total debt service paid (TDS) -- 0.4 1.1 5.7 2.2 2.8 1.0 1.4 3.6 6.2 Long-tenrmdebt 0.1 0.3 0.9 5.7 2.1 2.7 0.9 1.4 3.1 5.9 IMF repurchases and charges 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.3 0.3 Short-term debt (interest only) .. 0.1 0.1 0.0 0.0 0.0 0.1 0.1 0.3 0.1 2. AGGREGATE NET RESOURCE FLO%V*S AND NET TRANSFERS (LONG-TERM i NET RESOURCE FLOWS 3.1 30.8 31.9 36.3 33.7 25.1 27.9 23.7 17.0 25.4 Net flow of long-term debt (ex. IMF 0.0 13.0 5.2 14.5 3.9 5.7 9.2 6.2 2.7 -0.8 Foreign direct investment (net) 0.0 0.0 -1.0 -1.0 2.0 3.0 1.0 2.0 2.0 2.0 Portfolio equity flows 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Grants (excluding technical coop.) 3.1 17.8 27.7 22.8 27.8 16.4 17.7 15.5 12.3 24.2 Memo: techmucal coop. grants 4.8 7.0 16.8 18.9 17.1 14.3 14.6 17.3 12.1 10.8 official net resource flows 3.1 30.4 32.9 37.3 31.7 22.1 26.9 21.7 15.0 23.4 private net resource flows 0.0 0.4 -1.0 -1.0 2.0 3.0 1.0 2.0 2.0 2.0 NET TRANSFERS 3.1 30.5 30.6 33.8 33.1 24.4 27.4 23.1 16.4 24.8 Interest on long-termn debt 0.0 0.3 0.7 2.5 0.6 0.7 0.5 0.6 0.6 0.6 Profit remiittances on FDI 0.0 0.0 0.6 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: official net transfers 3.1 30.1 32.2 34.8 31.1 21.4 26.4 21.1 14.4 22.8 private net transfers 0.0 0.4 -1.6 -1.0 2.0 3.0 1.0 2.0 2.0 2.0 3. MA4JOR ECONONUC AGG~REGATES Gross national product (GNP) 24.7 124.1 249.3 270.1 265.4 186.2 215.6 213.7 193.7 196.6 Exports of goods & services (XGS) .. 15.7 48.1 67.5 72.0 57.5 61.4 60.2 43.9 46.4 of which workers remnittances .. 1.6 9.9 16.0 16.0 15.2 12.2 15.5 11.4 12.0 Imports of goods & services (MGS) .. 34.3 93.4 110.8 100.7 93.2 105.7 97.4 78.4 82.3 Intemnational reserves (RES) .. 6.4 29.9 27.3 39.0 44.4 44.9 50.9 40.8 39.1 Current account balance .. -8.9 -10.5 -14.2 9.6 -7.2 -19.0 -40.7 -34.5 4. DEBT INDICATORS EDT /XGS (% . 280.6 384.6 278.9 256.9 334.6 331.6 341.6 455.7 437.6 EDT /GNP(% . 35.4 74.2 69.7 69.7 103.3 94.5 96.2 103.3 103.3 TDS /XGS(% . 2.6 2.3 8.4 3.1 4.9 1.6 2.3 8.2 13.4 INT /XGS(% . 2.6 1.7 3.7 0.8 1.4 1.0 1.0 2.1 1.5 INT / GNP (% . 0.3 0.3 0.9 0.2 0.4 0.3 0.3 0.5 0.4 RES /EDT(% . 14.5 16.2 14.5 21.1 23.1 22.0 24.8 20.4 19.3 RES / MGS (months) .. 2.2 3.9 3.0 4.7 5.7 5.1 6.3 6.2 5.7 Short-term/ EDT (%) .. 2.3 6.7 6.3 7.6 5.2 5.0 4.6 6.7 6.1 Concessional / EDT (% . 96.8 85.9 89.3 87.9 89.2 89.6 89.5 87.8 88.3 Multilateral /EDT (%) .. 48.2 61.6 65.3 69.6 73.5 75.0 75.6 76.9 79.0 171 COMOROS (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 5. LONG-TERMI DEBT DEBT OUTSTANDING (LDOD) 1.2 43.0 172.6 175.2 169.6 179.0 190.3 192.9 183.9 188.1 Public and publicly guaranteed 1.2 43.0 172.6 175.2 169.6 179.0 190.3 192.9 183.9 188.1 Official creditors 1.2 42.6 172.6 175.2 169.6 179.0 190.3 192.9 183.9 188.1 Multilateral 0.0 21.2 113.9 122.9 128.6 141.4 152.8 155.5 153.9 160.5 Concessional 0.0 21.2 100.2 115.8 121.5 133.9 145.1 146.6 145.6 151.7 Bilateral 1.2 21.4 58.6 52.3 41.0 37.7 37.5 37.4 30.0 27.6 Concessional 1.2 21.4 58.6 52.3 41.0 37.7 37.5 37.4 30.0 27.6 Private creditors 0.0 0.4 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Other private 0.0 0.4 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 0.0 4.2 37.5 40.1 44.8 53.9 64.1 68.2 69.6 74.8 DISBURSEMENTS 0.0 13.0 5.4 17.7 5.5 7.7 9.6 7.0 5.2 4.4 Public and publicly guaranteed 0.0 13.0 5.4 17.7 5.5 7.7 9.6 7.0 5.2 4.4 Official creditors 0.0 12.6 5.4 17.7 5.5 7.7 9.6 7.0 5.2 4.4 Multilateral 0.0 6.1 1.3 17.5 5.5 7.7 9.6 7.0 5.2 4.4 Concessional 0.0 6.1 1.3 17.5 5.5 7.7 9.6 7.0 5.2 4.4 Bilateral 0.0 6.5 4.2 0.2 0.0 0.0 0.0 0.0 0.0 0.0 Concessional 0.0 6.5 4.2 0.2 0.0 0.0 0.0 0.0 0.0 0.0 Private creditors 0.0 0.4 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Other private 0.0 0.4 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commnercial banks 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 0.0 1.8 0.7 2.6 4.9 7.6 9.6 6.4 5.2 3.1 PRINCIPAL REPAYMENTS 0.0 0.0 0.2 3.2 1.6 2.0 0.4 0.8 2.5 5.2 Public and publicly guaranteed 0.0 0.0 0.2 3.2 1.6 2.0 0.4 0.8 2.5 5.2 Official creditors 0.0 0.0 0.2 3.2 1.6 2.0 0.4 0.8 2.5 5.2 Multilateral 0.0 0.0 0.2 3.0 1.6 0.7 0.4 0.8 1.0 2.7 Concessional 0.0 0.0 0.2 1.9 1.6 0.7 0.4 0.8 1.0 2.7 Bilateral 0.0 0.0 0.0 0.2 0.0 1.3 0.0 0.0 1.5 2.6 Concessional 0.0 0.0 0.0 0.2 0.0 1.3 0.0 0.0 1.5 2.6 Private creditors 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Other private 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commnercial banks 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 0.0 0.0 0.1 0.2 0.2 0.3 0.4 0.4 0.4 0.2 NET FLOWS ON DEBT 0.0 13.0 5.2 14.5 3.9 5.7 9.2 6.2 2.7 -0.8 Public and publicly guaranteed 0.0 13.0 5.2 14.5 3.9 5.7 9.2 6.2 2.7 -0.8 Official creditors 0.0 12.6 5.2 14.5 3.9 5.7 9.2 6.2 2.7 -0.8 Multilateral 0.0 6.1 1.0 14.4 3.9 7.1 9.2 6.2 4.2 1.7 Concessional 0.0 6.1 1.0 15.5 3.9 7.1 9.2 6.2 4.2 1.7 Bilateral 0.0 6.5 4.1 0.1 0.0 -1.3 0.0 0.0 -1.5 -2.6 Concessional 0.0 6.5 4.1 0.1 0.0 -1.3 0.0 0.0 -1.5 -2.6 Private creditors 0.0 0.4 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Other private 0.0 0.4 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 0.0 1.8 0.6 2.3 4.6 7.3 9.2 6.1 4.8 2.8 172 COMOROS (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 INTEREST PAYMENTS (LINT) 0.0 0.3 0.7 2.5 0.6 0.7 0.5 0.6 0.6 0.6 Public and publicly guaranteed 0.0 0.3 0.7 2.5 0.6 0.7 0.5 0.6 0.6 0.6 Official creditors 0.0 0.3 0.7 2.5 0.6 0.7 0.5 0.6 0.6 0.6 Multilateral 0.0 0.0 0.4 2.0 0.6 0.7 0.5 0.6 0.5 0.4 Concessional 0.0 0.0 0.4 1.0 0.6 0.7 0.5 0.6 0.5 0.4 Bilateral 0.0 0.3 0.3 0.4 0.0 0.0 0.0 0.0 0.1 0.2 Concessional 0.0 0.3 0.3 0.4 0.0 0.0 0.0 0.0 0.1 0.2 Private creditors 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Other private 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 0.0 0.0 0.3 0.3 0.3 0.3 0.4 0.5 0.5 0.3 NET TR1ANSFERS ON DEBT .0.1 12.7 4.5 12.0 3.3 5.0 8.7 5.7 2.1 .1.5 Public and publicly guaranteed -0.1 12.7 4.5 12.0 3.3 5.0 8.7 5.7 2.1 .1.5 Official creditors -0. 1 12.3 4.5 12.0 3.3 5.0 8.7 5.7 2.1 -1.5 Multilateral 0.0 6.1 0.6 12.4 3.3 6.3 8.7 5.7 3.7 1.3 Concessional 0.0 6.1 0.6 14.6 3.3 6.3 8.7 5.7 3.7 1.3 Bilateral -0. 1 6.2 3.9 -0.3 0.0 -1.3 0.0 0.0 -1.6 -2.8 Concessional -0. 1 6.2 3.9 -0.3 0.0 -1.3 0.0 0.0 -1.6 -2.8 Private creditors 0.0 0.4 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Other private 0.0 0.4 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 0.0 1.7 0.3 2.0 4.3 7.0 8.7 5.6 4.3 2.6 DEBT SERVICE (LTDS) 0.1 0.3 0.9 5.7 2.1 2.7 0.9 1.4 3.1 5.9 Public and publicly guaranteed 0.1 0.3 0.9 5.7 2.1 2.7 0.9 1.4 3.1 5.9 Official creditors 0.1 0.3 0.9 5.7 2.1 2.7 0.9 1.4 3.1 5.9 Multilateral 0.0 0.0 0.6 5.1 2.1 1.4 0.9 1.4 1.5 3.1 Concessional 0.0 0.0 0.6 2.9 2.1 1.4 0.9 1.4 1.5 3.1 Bilateral 0.1 0.3 0.3 0.6 0.0 1.3 0.0 0.0 1.6 2.8 Concessional 0.1 0.3 0.3 0.6 0.0 1.3 0.0 0.0 1.6 2.8 Private creditors 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Other private 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commnercial banks 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 0.0 0.0 0.3 0.5 0.5 0.6 0.8 0.8 0.9 0.5 UNDISBURSED DEBT 0.0 49.8 56.8 57.2 33.3 37.3 28.7 16.8 30.6 35.6 Official creditors 0.0 48.8 56.8 57.2 33.3 37.3 28.7 16.8 30.6 35.6 Private creditors 0.0 1.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memorandum items Concessional LDOD 1.2 42.6 158.8 168.1 162.5 171.5 182.6 183.9 175.6 179.3 Variable rate LDOD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Public sector LDOD 1.2 43.0 172.6 175.2 169.6 179.0 190.3 192.9 183.9 188.1 Private sector LDOD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 6. CURRENCY composrTION OF LONG-TERM DEBT (PERCENT) Deutsche mark 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 French franc 100.0 2.8 23.8 20.7 21.0 19.5 18.5 17.6 17.3 17.3 Japanese yen 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Pound sterling 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Swiss franc 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 U.S.dollars 0.0 38.4 17.3 18.8 22.2 25.5 29.2 31.6 34.9 35.7 Multiple cur-rency 0.0 10.2 8.1 7.2 6.3 5.5 5.0 4.7 4.5 4.8 Special drawing rights 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 All other currencies 0.0 48.6 50.8 53.3 50.5 49.5 47.3 46.1 43.3 42.2 173 COMOROS (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 7. DEBT RESTRUCTURINGS Total amount rescheduled ... 0.0 0.0 4.9 8.6 2.0 2.1 3.5 0.0 Debt stock rescheduled ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal rescheduled ... 0.0 0.0 4.6 4.7 1.8 2.0 0.5 0.4 Official ... 0.0 0.0 4.6 4.7 1.8 2.0 0.5 0.4 Private ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Interest rescheduled ... 0.0 0.0 0.3 3.9 0.2 0.1 0.0 0.0 Official ... 0.0 0.0 0.3 3.9 0.2 0.1 0.0 0.0 Private ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Debt forgiven ... 0.1 0.0 11.3 4.6 0.4 0.2 0.0 0.0 Memo: interest forgiven ... 0.0 0.0 0.0 0.7 0.0 0.0 0.0 0.0 Debt stock reduction ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 of which debt buyback ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 8. DEBT STOCK-FLO%V RECONCILIATION Total change in debt stocks ... 11.2 8.4 -3.3 7.3 11.5 1.9 -5.5 3.0 Net flows on debt 0.0 13.0 2.2 14.5 4.8 6.7 11.2 4.2 7.5 -5.0 Net change in interest arrears ... 2.6 -0.7 1.4 -3.1 -1.9 1.4 -1.0 2.8 Interest capitalized ... 0.0 0.0 0.3 3.9 0.2 0.1 0.0 0.0 Debt forgiveness or reduction ... -0. 1 0.0 -11.3 -4.6 -0.4 -0.2 0.0 0.0 Cross-currency valuation ... 8.6 -5.4 -2.4 6.4 4.3 -4.1 -7.6 4.7 Residual ... -2.1 0.0 3.9 -1.9 -1.9 0.4 -4.4 0.5 9.. %% EPRAGE TERMS OF NEW COMMiITENTS ALL CREDITORS Interest (%) 0.0 1.3 2.0 0.0 0.0 0.8 0.0 0.0 0.6 0.7 Maturity (years) 0.0 43.1 29.8 0.0 0.0 39.6 0.0 0.0 39.8 39.9 Grace period (years) 0.0 9.0 10.3 0.0 0.0 10.1 0.0 0.0 10.3 10.4 Grant element (%) 0.0 74.5 65.9 0.0 0.0 80.4 0.0 0.0 81.5 80.8 Ofricial creditors Interest (%) 0.0 0.8 2.0 0.0 0.0 0.8 0.0 0.0 0.6 0.7 Maturity (years) 0.0 45.6 29.8 0.0 0.0 39.6 0.0 0.0 39.8 39.9 Grace period (years) 0.0 9.5 10.3 0.0 0.0 10.1 0.0 0.0 10.3 10.4 Grant element (%) 0.0 79.1 65.9 0.0 0.0 80.4 0.0 0.0 81.5 80.8 Private creditors Interest (%) 0.0 7.6 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Maturity (years) 0.0 5.2 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Grace period (years) 0.0 1.5 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Grant element (%) 0.0 5.6 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memorandum items Commitments 0.0 23.4 0.9 0.0 0.0 18.1 0.0 0.0 20.1 8.4 Official creditors 0.0 21.9 0.9 0.0 0.0 18.1 0.0 0.0 20.1 8.4 Private creditors 0.0 1.4 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 10. CONTRACTUAL OBLIGATIONS ON OUiTSTANDING LONG-TERM DEBT 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 TOTAL Disbursements 4.7 8.5 7.2 5.9 4.6 3.1 1.7 0.0 0.0 0.0 Principal 9.0 8.2 7.5 7.1 7.6 4.4 4.5 4.5 4.1 4.6 Interest 1.8 1.6 1.4 1.3 1.2 1.2 1.2 1.1 1.1 1.1 Offcial creditors Disbursements 4.7 8.5 7.2 5.9 4.6 3.1 1.7 0.0 0.0 0.0 Principal 9.0 8.2 7.5 7.1 7.6 4.4 4.5 4.5 4.1 4.6 Interest 1.8 1.6 1.4 1.3 1.2 1.2 1.2 1.1 1.1 1.1 Bilateral creditors Disbursements 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal 2.8 1.8 1.1 1.1 1.1 1.0 1.0 1.0 0.8 0.8 Interest 0.2 0.2 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 Multilateral creditors Disbursements 4.7 8.5 7.2 5.9 4.6 3.1 1.7 0.0 0.0 0.0 Principal 6.2 6.4 6.4 6.0 6.4 3.4 3.5 3.5 3.3 3.8 Initerest 1.6 1.5 1.3 1.2 1.1 1.1 1.1 1.0 1.0 1.0 Private creditors Disbursements 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Interest 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks Disbursements 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Interest 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Other private Disbursements 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Interest 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 174 CONGO, DEMOCRATIC REPUBLIC OF (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 I. SUMMNAR'I DEBT DATA TOTAL DEBT STOCKS (EDT) 4,770 10,270 10,964 11,270 12,322 13,241 12,826 12,330 12,929 Long-term debt (LDOD) 311 4,071 9,006 8,948 8,769 9,281 9,621 9,262 8,617 8,949 Public and publicly guaranteed 311 4,071 9,006 8,948 8,769 9,281 9,621 9,262 8,617 8,949 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Use of IMF credit 0 373 521 454 454 478 485 433 407 423 Short-term debt 326 743 1,562 2,047 2,564 3,135 3,131 3,306 3,557 of which interest arrears on LDOD 30 265 1,253 1,792 2,445 2,953 3,008 2,941 3,205 Official creditors 21 166 1,058 1,512 2,127 2,627 2,685 2,624 2,883 Private creditors 8 99 195 280 318 326 324 318 322 Memo: principal arrears on LDOD 37 1,049 2,089 2,450 3,080 4,564 4,679 4,654 5,065 Official creditors 13 375 1,359 1,713 2,299 3,747 3,858 3,843 4,234 Private creditors 23 674 730 737 781 817 821 811 831 Memo: export credits 0 4,604 4,211 4,489 4,911 3,566 3,797 4,297 4,635 TOTAL DEBT FLOWS Disbursements 32 603 316 83 58 1 0 3 0 0 Long-termndebt 32 463 316 83 58 1 0 3 0 0 liMEpurchases 0 140 0 0 0 0 0 0 0 0 Principal repayments 28 277 200 29 4 5 1 37 0 1 Long-term debt 28 192 49 29 4 0 0 0 0 0 RIMFrepurchases 0 85 152 0 0 4 1 37 0 1 Net floiis on debt 37 278 89 -28 0 -140 61 -91 242 -13 of which short-term debt .. -48 -27 -81 -54 -136 63 -58 242 -13 Interest payments (INT) .. 265 148 48 23 11 24 12 13 19 Long-term debt 9 205 89 27 7 0 0 0 0 0 IMEcharges 0 15 38 9 3 1 16 5 0 0 Short-term debt .. 45 21 13 13 9 8 7 12 18 Net transfers on debt .. 13 -59 -76 -23 -151 38 -103 229 -32 Total debt service paid (TDS) .. 542 348 77 28 16 25 48 13 19 Long-terrndebt 37 397 137 56 1 2 1 0 0 0 0 vIMPrepurchases and charges 0 101 190 9 3 6 1 8 42 0 1 Short-term debt (interest only) .. 45 2 1 1 3 1 3 9 8 7 1 2 1 8 2..AGG REGATE N ET RESOUJRCE FLOW%SA.ND NET rRANSFERS i LONG-TERNI NET RESOURCE FLOWS 42 368 629 164 129 223 162 129 114 97 Net flow of long-term debt (ex. IIF 3 271 267 54 53 1 0 3 0 0 Foreign direct investment (net) 0 0 -12 1 1 1 1 2 1 1 Portfolio equity flows 0 0 0 0 0 0 0 0 0 0 Grants (excluding technical coop.) 38 96 374 109 75 221 161 123 113 97 Memo: technical coop. grants 42 168 147 87 57 38 55 58 49 40 official net resource flows 45 195 653 167 128 222 161 127 113 97 private net resource flows -4 173 -24 -4 1 1 1 2 1 1 NET TRANSFERS 3 36 532 74 72 182 112 89 76 62 Interest on long-term debt 9 205 89 27 7 0 0 0 0 0 Profit remittances on FDI 30 128 8 63 50 40 50 40 38 35 Memo: official net transfers 40 89 577 141 121 221 161 127 113 97 private net transfers -37 -54 45 -67 -49 -39 -49 -38 -37 -35 3. MAJOR ECONOMIC AGGREGATES Gross national product (GNP) 3,950 14,411 8,579 8,206 8,337 6,312 5,477 5,141 5,307 6,210 Exports of goods & services (XGS) 803 2,404 2,584 1,381 1,295 1,322 1,770 1,793 1,458 1,664 of whch workers remittances 2 0 0 0 0 0 0 0 0 Imports of goods & services (MGS) 710 2,679 3,294 2,158 1,707 1,853 2,263 2,115 2,149 2,295 Intemnational reserves (RES) 189 380 261 166 55 131 157 83 Current account balance -7 -88 -738 -866 -528 -530 -465 -348 -658 -583 4. DEBT IN1DICATORS EDT /XGS(% . 198.4 397.5 793.8 870.4 932.2 748.0 715.3 845.4 777.2 EDT /GNP(% . 33.1 119.7 133.6 135.2 195.2 241.8 249.5 232.3 208.2 TDS /XGS(% . 22.6 13.5 5.6 2.1 1.2 1.4 2.7 0.9 1.2 INT /XGS (% . 11.0 5.7 3.5 1.8 0.8 1.3 0.7 0.9 1.1 INT /GNP(% . 1.8 1.7 0.6 0.3 0.2 0.4 0.2 0.2 0.3 RES /EDT(% . 8.0 2.5 1.5 0.5 1.1 1.2 0.6 RES /MGS (months) 3.2 1.7 1.0 0.9 0.4 0.9 0.8 0.5 Short-term/ EDT (%) . 6.8 7.2 14.2 18.2 20.8 23.7 24.4 26.8 27.5 Concessional /EDT (% . 18.1 30.3 29.0 28.3 27.4 26.3 26.0 25.2 25.0 Multilateral /EDT (%) .. 6.7 18.8 19.8 19.6 18.9 18.0 18.1 17.7 17.6 175 CONGO, DEMOCRATIC REPUBLIC OF (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 5. LONG-TERNI DEBT DEBT OUTSTANDING (LDOD) 311 4,071 9,006 8,948 8,769 9,281 9,621 9,262 8,617 8,949 Public and publicly guaranteed 311 4,071 9,006 8,948 8,769 9,281 9,621 9,262 8,617 8,949 Official creditors 222 2,609 8,117 8,096 7,933 8,420 8,744 8,401 7,783 8,103 Multilateral 6 322 1,929 2,174 2,211 2,326 2,382 2,319 2,179 2,269 Concessional 1 194 1,426 1,527 1,568 1,641 1,679 1,626 1,537 1,588 Bilateral 216 2,287 6,189 5,921 5,722 6,095 6,362 6,082 5,604 5,835 Concessional 216 667 1,689 1,654 1,624 1,735 1,804 1,708 1,566 1,645 Private creditors 90 1,462 889 852 836 860 878 861 834 846 Bonds 4 7 5 4 4 5 5 4 4 4 Commercial banks 0 553 524 516 511 518 523 518 510 514 Other private 85 902 360 332 321 337 350 339 320 328 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Comimercial banks 0 0 0 0 0 0 0 0 0 0 Memo: IBRD 5 87 49 81 83 88 92 87 82 84 IDA 1 159 1,113 1,194 1,243 1,294 1,321 1,284 1,225 1,261 DISBURSEMENTS 32 463 316 83 58 1 0 3 0 0 Public and publicly guaranteed 32 463 316 83 58 1 0 3 0 0 Official creditors 13 201 313 83 58 1 0 3 0 0 Multilateral 1 69 222 83 58 1 0 0 0 0 Concessional 1 27 125 66 58 1 0 0 0 0 Bilateral 12 132 91 0 0 0 0 3 0 0 Concessional 12 105 88 0 0 0 0 3 0 0 Private creditors 19 263 3 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 92 0 0 0 0 0 0 0 0 Other private 19 171 3 0 0 0 0 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commnercial banks 0 0 0 0 0 0 0 0 0 0 Memo: IBRD 0 23 21 7 0 0 0 0 0 0 IDA 1 20 89 54 48 1 0 0 0 0 PRINCIPAL REPAYMENTS 28 192 49 29 4 0 0 0 0 0 Public and publicly guaranteed 28 192 49 29 4 0 0 0 0 0 Official creditors 6 102 34 24 4 0 0 0 0 0 Multilateral 1 12 28 23 4 0 0 0 0 0 Concessional 0 0 3 5 4 0 0 0 0 0 Bilateral 5 90 6 1 0 0 0 0 0 0 Concessional 4 2 5 0 0 0 0 0 0 0 Private creditors 23 90 15 5 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 36 5 0 0 0 0 0 0 0 Other private 22 53 10 5 0 0 0 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commnercial banks 0 0 0 0 0 0 0 0 0 0 Memo: IBRD 1 6 5 10 0 0 0 0 0 0 IDA 0 0 2 5 3 0 0 0 0 0 NET FLOWS ON DEBT 3 271 267 54 53 1 0 3 0 0 Public and publicly guaranteed 3 271 267 54 53 1 0 3 0 0 Official creditors 7 98 279 58 53 1 0 3 0 0 Multilateral -1 56 194 59 53 1 0 0 0 0 Concessional 1 27 122 61 53 1 0 0 0 0 Bilateral 7 42 85 -1 0 0 0 3 0 0 Concessional 8 102 84 0 0 0 0 3 0 0 Private creditors -4 173 -12 -5 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 56 -5 0 0 0 0 0 0 0 Other private -4 117 -7 -5 0 0 0 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Conimercial banks 0 0 0 0 0 0 0 0 0 0 Memo: IBRD -1 17 16 -3 0 0 0 0 0 0 IDA 1 20 87 49 45 1 0 00 0 176 CONGO, DEMOCRATIC REPUBLIC OF (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 INTEREST PAYMENTS (LINT) 9 205 89 27 7 0 0 0 0 0 Public and publicly guaranteed 9 205 89 27 7 0 0 0 0 0 Official creditors 5 105 76 26 7 0 0 0 0 0 Multilateral 0 1 1 40 26 7 0 0 0 0 0 Concessional 0 2 8 10 7 0 0 0 0 0 Bilateral 5 94 36 0 0 0 0 0 0 0 Concessional 5 45 8 0 0 0 0 0 0 0 Private creditors 4 99 12 1 0 0 0 0 0 0 Bonds 0 1 0 0 0 0 0 0 0 0 Commercial banks 0 69 6 0 0 0 0 0 0 0 Other private 4 30 6 1 0 0 0 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 0 0 Memo: IBRD 0 8 1 7 1 0 0 0 0 0 IDA 0 1 7 9 5 0 0 0 0 0 NET TRANSFERS ON DEBT -6 67 179 27 46 1 0 3 0 0 Public and publicly guaranteed -6 67 179 27 46 1 0 3 0 0 Official creditors 2 -7 203 32 46 1 0 3 0 0 Multilateral -1 45 154 34 46 1 0 0 0 0 Concessional 1 25 114 52 47 1 0 0 0 0 Bilateral 3 -52 49 -1 0 0 0 3 0 0 Concessional 3 57 76 0 0 0 0 3 0 0 Private creditors -7 74 -24 -5 0 0 0 0 0 0 Bonds 0 -1 -1 0 0 0 0 0 0 0 Commercial banks 0 -14 -11 0 0 0 0 0 0 0 Other private -7 88 -13 -5 0 0 0 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 0 0 Memo: 1BRD -2 9 14 -9 -1 0 0 0 0 0 IDA 1 19 80 41 41 1 0 0 0 0 DEBT SERVICE (LTDS) 37 397 137 56 12 1 0 0 0 0 Public and publicly guaranteed 37 397 137 56 12 1 0 0 0 0 Officialecreditors 11 208 110 50 12 1 0 0 0 0 Multilateral 2 24 68 49 12 1 0 0 0 0 Concessional 0 2 11 15 11 1 0 0 0 0 Bilateral 10 184 42 1 0 0 0 0 0 0 Concessional 9 48 13 0 0 0 0 0 0 0 Private creditors 26 189 27 5 0 0 0 0 0 0 Bonds 0 1 1 0 0 0 0 0 0 0 Comimercial banks 0 105 11 0 0 0 0 0 0 0 Other private 26 83 16 5 0 0 0 0 0 0 P'rivate nonguaranteed 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 0 0 Memo: IBRD 2 14 6 16 1 0 0 0 0 0 IDA 0 1 9 13 8 0 0 0 0 0 UNDISBURSED DEBT 288 818 1,659 1,209 1,050 943 962 451 409 427 Official creditors 52 743 1,595 1,158 1,002 891 906 398 363 378 Private creditors 236 75 65 52 48 52 57 53 46 49 Memorandumn items Concessional LDOD 216 862 3,115 3,181 3,192 3,376 3,483 3,334 3,102 3,234 Variable rate LDOD 0 508 1,369 1,359 1,327 1,372 1,406 1,376 1,318 1,344 Public sector LDOD 311 4,071 9,006 8,934 8,755 9,266 9,606 9,247 8,603 8,935 Private sector LDOD 0 0 0 14 14 15 15 15 14 14 6. CLrRRENCI'CONMPOSITION OF LONG-TERNI DEBT (PERCENT) Deutsche mark 2.2 5.9 6.9 6.5 6.2 6.5 6.8 6.5 6.0 6.2 French franc 3.8 13.6 16.4 15.6 14.9 15.5 16.3 15.9 14.9 15.3 Japanese yen 0.0 1.5 3.0 3.3 3.7 3.9 3.7 3.4 3.2 3.5 Pound sterling 2.4 4.1 1.2 0.9 0.9 0.9 0.9 1.0 1.0 1.0 Swiss franc 0.0 0.4 0.2 0.2 0.2 0.2 0.3 0.2 0.2 0.2 U.S.dollars 41.5 42.2 41.4 42.5 43.9 42.1 40.9 42.0 44.5 43.3 Multiple currency 1.6 2.1 3.2 4.1 4.2 4.3 4.2 4.1 4.1 4.1 Special drawing rights 0.0 0.0 0.2 0.4 0.4 0.4 0.4 0.4 0.4 0.4 All other currencies 48.5 30.2 27.5 26.5 25.6 26.2 26.5 26.5 25.7 26.0 '77 CONGO, DEMOCRATIC REPUBLIC OF (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 7. DEB r RESTRLiCTU-RINGS Total amount rescheduled ..446 0 0 0 0 0 0 0 Debt stock rescheduled 0 0 0 0 0 00 0 Principal rescheduled 259 0 0 0 0 0 0 0 Official .. 252 0 0 0 0 00 0 Private ..7 0 0 0 0 0 0 0 Interest rescheduled ..131 0 0 0 0 00 0 Official 129 0 0 0 0 0 0 0 Private 2 0 0 0 0 00 0 Debt forgiven 9 0 0 0 0 (10 0 Memo: interest forgiven 1 5 0 0 0 0 (10 0 Debt stock reduction 0 0 0 0 0 (10 0 of which debt buyback 0 0 0 0 0 0 0 0 8. DEBT STOCK-FLOW RECONCILLAT ION Total change in debt stocks 1,031 137 307 1,052 919 -415 -497 600 Net flows on debt 37 278 89 -28 0 -140 61 -91 242 -13 Net change in interest arrears ... 125 560 539 653 508 55 -67 263 Interest capitalized ... 131 0 0 0 0 0 0 0 Debt forgiveness or reduction ... -9 0 0 0 0 0 0 0 Cross-currency valuation .. 598 -296 -209 489 338 -297 -487 287 Residual ... 98 -99 -23 50 1 1 -82 -185 63 9. AVERAGE TERMS OF NEW~ CONUI.IITMIENTS ALL CREDITORS Interest (%) 6.5 5.1 5.9 12.0 0.0 0.0 2.5 0.0 0.0 0.0 Maturity (years) 12.5 22.7 23.7 7.3 0.0 0.0 19.9 0.0 0.0 0.0 Grace period (years) 3.6 6.3 6.4 0.3 0.0 0.0 4.4 0.0 0.0 0.0 Grant element (%) 18.3 39.4 30.6 -6.8 0.0 0.0 48.7 0.0 0.0 0.0 Official creditors Interest (%) 2.6 2.8 5.9 12.0 0.0 0.0 2.5 0.0 0.0 0.0 Maturity (years) 32.6 28.9 23.7 7.3 0.0 0.0 19.9 0.0 0.0 0.0 Grace period (years) 8.5 8.5 6.4 0.3 0.0 0.0 4.4 0.0 0.0 0.0 Grant element (%) 59.8 57.2 30.6 -6.8 0.0 0.0 48.7 0.0 0.0 0.0 Private creditors Interest (%) 6.9 9.8 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Maturity (years) 10.1 9.5 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Grace period (years) 3.0 1.6 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Grant element (%) 13.3 1.6 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memorandum items Commitments 258 438 109 4 0 0 14 0 0 0 Official creditors 27 298 109 4 0 0 14 0 0 0 Private creditors 231 140 0 0 0 0 0 0 0 0 10. CONTRACTULAL OBLIGAI IONS ON OUITSTI LNDING L-ON(;-TERJ'l DEBT 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 TOTAL Disbursements 5 4 3 2 1 1 0 0 0 0 Principal 439 397 363 320 222 213 200 191 181 170 Interest 179 154 129 108 92 81 71 62 54 46 Official creditors Disbursements 5 4 3 2 1 1 0 0 0 0 Principal 435 397 362 320 222 212 200 191 181 170 Interest 179 154 129 108 92 8 1 7 1 62 54 46 Bilateral creditors Disbursements 2 4 3 2 1 1 0 0 0 0 Principal 271 246 245 242 144 138 138 132 118 109 Interest 124 109 94 79 67 59 53 46 40 34 Multilateral creditors Disbursements 3 0 0 0 0 0 0 0 0 0 Principal 164 151 117 78 78 74 62 59 63 61 Interest 55 45 35 29 25 21 1 8 16 14 12 Private creditors Disbursements 0 0 0 0 0 0 0 0 0 0 Principal 4 0 0 0 0 0 0 0 0 0 Interest 0 0 0 0 0 0 0 0 0 0 Commercial banks Disbursements 0 0 0 0 0 0 0 0 0 0 Principal 0 0 0 0 0 0 0 0 0 0 Interest 0 0 0 0 0 0 0 0 0 0 Other private Disbursements 0 0 0 0 0 a 0 0 0 0 Principal 4 0 0 0 0 0 0 0 0 0 Interest 0 0 0 0 0 0 0 0 0 0 178 CONGO, REPUBLIC OF (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 1. STl%[NMXRY DEBT DATA TOTAL DEBT STOCKS (EDT) 1,526 4,953 4,770 5,081 5,414 6,004 5,241 5,071 5,119 Long-term debt (LDOD) 119 1,257 4,206 3,876 4,114 4,774 4,955 4,666 4,284 4,250 Public and publicly guaranteed 119 1,257 4,206 3,876 4,114 4,774 4,955 4,666 4,284 4,250 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Use ofIMF credit 0 22 11 6 5 20 19 38 34 34 Short-term debt -. 247 736 889 962 619 1,030 537 754 834 of which interest arrears on LDOD 4 181 496 643 265 441 283 372 511 Official creditors 2 77 370 508 170 332 155 227 343 Private creditors 2 104 126 134 95 109 128 144 168 Memo: principal arrears on LDOD 10 572 1,029 1,255 796 1,028 1,011 1,228 1,474 Official creditors 5 127 486 701 400 595 521 671 831 Private creditors 5 444 543 555 396 433 491 558 642 Memo: export credits 0 1,877 1,580 1,641 1,865 2,459 2,338 2,370 1,678 TOTAL DEBT FLOWS Disbursements 18 526 319 132 459 350 15 24 24 10 Long-term debt 18 522 314 132 459 332 1 5 4 24 0 IMF purchases 0 4 5 0 0 18 0 20 0 10 Principal repayments 6 41 362 98 77 305 84 140 55 18 Long-termn debt 6 34 355 98 76 302 82 140 53 7 IMF repurchases 0 7 7 0 1 3 2 0 2 11 Net flows on debt 13 541 95 -35 310 79 166 -451 96 -66 of which short-term debt 56 138 -68 -73 34 236 -335 128 -58 Interest payments (INT) -- 68 169 64 51 252 97 199 57 23 Long-termndebt 3 37 120 29 21 232 61 180 40 6 RAF charges 0 1 1 0 0 1 1 1 1 1 Short-term debt . 31 48 35 30 20 35 1 8 16 16 Net transfers on debt -- 473 -74 -99 258 -174 69 -649 39 -90 Total debt service paid (TDS) 109 531 162 128 557 181 339 112 41 Long-termn debt 9 71 475 127 97 534 142 320 93 13 IMFrepurchases and charges 0 8 8 0 1 4 3 1 3 It Short-termndebt (interest only) .. 31 48 35 30 20 35 18 16 16 2..AGGREGATE NET RESOUrRCE FLO%%'S AND NET TRANSFERS (LONG-TERNI j NET RESOURCE F'LOWS 18 548 8 74 457 215 22 171 213 50 Net flow of long-term debt (ex. IMF 13 488 -42 33 383 30 -67 -136 -30 - Foreign direct investment (net) 0 40 0 4 4 5 3 8 9 4 Portfolio equity flows 0 0 0 0 0 0 0 0 0 0 Grants (excluding technical coop.) 5 20 50 36 70 181 86 299 234 53 Memo: techniical coop. girants 10 37 51 48 46 38 41 39 31 30 official net resource flows 19 108 108 53 77 366 69 177 204 46 private net resource flows - 1 440 -100 21 380 -151 -47 -7 9 4 NET TRANSFERS 15 505 -112 43 431 -20 -41 -11 171 42 Interest on long-term debt 3 37 120 29 21 232 61 180 40 6 Profit remittances on FDI 0 6 0 2 5 4 3 2 2 2 Memo: official net transfers 17 83 40 46 72 185 49 1 164 40 private net transfers -2 421 -151 -3 359 -205 -90 -12 7 2 3. NAJOR ECONO%fUC AGGREGATES Gross national product (GNP) 267 1,544 2,324 2,555 1,652 1,515 1,717 1,897 1,821 1.668 Exports of goods & services (XGS) .. 1,030 1,503 1,257 1,187 1,028 1,246 1,657 1,805 1,257 of which workers remtittances I. 0 0 0 0 0 0 0 Imports of goods & services (MGS) .. 1,195 1,757 1,555 1,730 1,900 1,889 2,752 2,037 1,733 Intemational reserves (RES) 9 93 10 8 6 55 64 95 63 1 Current account balance .. -167 -251 -317 -553 -793 -650 -1,109 -252 43. DEBT [INDICATORS EDT /XGS(% . 148.2 329.6 379.4 428.2 526.7 481.8 316.2 280.9 407.2 EDT /GNP(% . 98.8 213.1 186.7 307.6 357.4 349.6 276.2 278.5 306.9 TDS I XGS (% . 10.6 35.4 12.9 10.8 54.2 14.5 20.4 6.2 3.3 INT /XGS (% . 6.6 11.2 5.1 4.3 24.5 7.8 12.0 3.2 1.9 INT /GNP(% . 4.4 7.3 2.5 3.1 16.7 5.7 10.5 3.1 1.4 RES /EDT(% . 6.1 0.2 0.2 0.1 1.0 1.1 1.8 1.3 0.0 RES / MGS (months) .. 0.9 0.1 0.1 0.0 0.4 0.4 0.4 0.4 0.0 Short-termn/ EDT (%) .. 16.2 14.9 18.6 18.9 11.4 17.2 10.3 14.9 16.3 Concessional / EDT (% . 26.5 35.2 36.8 33.3 34.8 33.0 38.2 36.6 36.8 Multilateral/ EDT (%) .. 7.7 11.5 11.3 10.5 13.0 1 1.7 12.9 12.2 12.2 179 CONGO, REPUBLIC OF (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 5. LONG-TERM DEBT DEBT OUTSTANDING (LDOD) 119 1,257 4,206 3,876 4,114 4,774 4,955 4,666 4,284 4,250 Public and publicly guaranteed 119 1,257 4,206 3,876 4,114 4,774 4,955 4,666 4,284 4,250 Official creditors 104 605 3,059 2,992 2,882 3,833 4,043 3,799 3,452 3,437 Multilateral 29 118 570 537 534 702 703 675 619 625 Concessional 0 49 151 148 145 255 262 252 239 243 Bilateral 75 487 2,490 2,456 2,348 3,131 3,340 3,125 2,832 2,812 Concessional 75 355 1,590 1,609 1,545 1,629 1,722 1,750 1,615 1,643 Private creditors 14 653 1,147 883 1,232 941 913 866 832 814 Bonds 0 0 0 0 0 0 0 0 0 0 Commnercial banks 0 282 726 548 916 814 784 771 748 725 Other private 14 371 421 335 317 127 129 96 84 89 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Conimercial banks 0 0 0 0 0 0 0 0 0 0 Memo: IBRD 29 39 164 160 162 116 105 82 73 71 IDA 0 22 75 74 74 172 174 171 165 168 DISBURSEMENTS 18 522 314 132 459 332 15 4 24 0 Public and publicly guaranteed 18 522 314 132 459 332 15 4 24 0 Official creditors 16 109 128 17 8 331 15 4 24 0 Multilateral 0 23 11 2 1 247 1 4 22 0 Concessional 0 10 1 2 1 110 0 2 1 0 Bilateral 16 97 118 15 7 84 14 0 2 0 Concessional 16 39 115 15 7 84 14 0 2 0 Private creditors 2 412 185 114 451 1 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commrercial banks 0 277 174 95 449 0 0 0 0 0 Other private 2 135 11 19 2 1 0 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Conumercial banks 0 0 0 0 0 0 0 0 0 0 Memo: IBRD 0 2 2 0 0 0 1 2 0 0 IDA 0 1 0 0 0 101 0 2 1 0 PRINCIPAL REPAYMENTS 6 34 355 98 76 302 82 140 53 7 Public and publicly guaranteed 6 34 355 98 76 302 82 140 53 7 Official creditors 2 21 70 1 1 145 32 126 53 7 Multilateral 1 6 30 0 0 106 19 32 38 7 Concessional 0 0 2 0 0 6 1 5 0 0 Bilateral 2 16 40 1 1 40 13 94 15 0 Concessional 1 11 1 0 1 3 5 17 0 0 Private creditors 4 12 285 97 75 157 50 15 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 257 56 68 117 46 0 0 0 Other private 4 12 28 41 7 40 4 15 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Comirnercial banks 0 0 0 0 0 0 0 0 0 0 Memo: IBRD 1 4 6 0 0 57 18 16 3 3 IDA 0 0 0 0 0 4 1 1 0 0 NET FLOWS ON DEBT 13 488 -42 33 383 30 -67 -136 -30 -7 Public and publicly guaranteed 13 488 -42 33 383 30 -67 -136 -30 - Official creditors 14 88 58 16 7 186 -17 -122 -30 - Multilateral -1 17 -19 2 1 142 -19 -28 -16 -7 Concessional 0 10 0 2 1 105 -1 -3 1 0 Bilateral 15 71 77 14 6 44 1 -94 -14 0 Concessional 14 28 114 15 6 81 9 -17 2 0 Private creditors -1 400 -100 17 376 -156 -50 -15 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 277 -83 39 381 -117 -46 0 0 0 Other private -1 123 -17 -22 -5 -39 -4 -15 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Comimercial banks 0 0 0 0 0 0 0 0 0 0 Memo: IBRD -1 -2 -4 0 0 -57 -17 -14 -3 -3 IDA 0 1 0 0 0 97 -1 1 1 0 180 CONGO, REPUBLIC OF (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 INTEREST PAYMENTS (LINT) 3 37 120 29 21 232 61 180 40 6 Public and publicly guaranteed 3 37 120 29 21 232 61 180 40 6 Official creditors 3 25 68 7 4 182 20 177 40 6 Multilateral 2 6 30 0 0 65 1 1 20 37 6 Concessional 0 1 1 0 0 3 1 2 1 1 Bilateral 1 19 38 6 4 117 10 156 4 0 Concessional 1 1 1 28 5 4 90 8 33 0 0 Private creditors 1 13 52 22 1 7 50 40 3 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Conumercial banks 0 2 44 13 16 37 39 0 0 0 Other private 1 1 1 8 10 1 13 2 3 0 0 Private nonguaranteed 0 0 . 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 0 0 Memo: IBRD 2 4 12 0 0 53 10 7 1 1 IDA 0 0 1 0 0 2 1 1 1 1 NET TRANSFERS ON DEBT 10 451 -162 5 362 -202 -128 -316 -70 -13 Public and publicly guaranteed 10 451 -162 5 362 -202 -128 -316 -70 -13 Official creditors 1 1 64 -10 10 3 4 -37 -298 -70 -13 Multilateral -3 12 -50 2 1 77 -29 -48 -53 -13 Concessional 0 10 -2 2 1 102 -3 -5 0 -1 Bilateral 14 52 39 8 2 -73 -8 -250 -17 0 Concessional 14 17 86 10 2 -9 1 -50 2 0 Private creditors -2 388 -151 -5 360 -206 -90 -18 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 275 -127 27 366 -153 -84 0 0 0 Other private -2 112 -24 -32 -6 -53 -6 -18 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 0 0 Memo: IBRD -3 -6 -16 0 0 -110 -27 -22 -4 - IDA 0 1 -1 0 0 95 -3 -1 0 -1 DEBT SERVICE (LTDS) 9 71 475 127 97 534 142 320 93 13 Public and publicly guaranteed 9 71 475 127 97 534 142 320 93 13 Official creditors 5 46 139 8 6 327 52 302 93 13 Multilateral 3 1 1 60 0 0 170 30 52 75 13 Concessional 0 1 3 0 0 9 3 7 1 1 Bilateral 2 35 78 7 6 157 22 250 19 0 Concessional 2 22 29 5 5 92 1 3 50 0 0 Private creditors 4 25 337 119 9 1 207 90 1 8 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commnercial banks 0 2 301 69 84 153 84 0 0 0 Other private 4 23 36 5 1 8 54 6 1 8 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 0 0 Memo: IIBRD 3 8 1 8 0 0 110 27 24 4 4 IDA 0 0 1 0 0 6 3 3 1 1 UNDISBURSED DEBT 42 735 404 336 439 309 340 281 226 6 Official creditors 36 221 343 316 284 158 177 128 93 6 Private creditors 7 514 62 21 155 151 163 153 134 0 Memorandum items Concessional LDOD 75 404 1,741 1,756 1,690 1,884 1,984 2,003 1,854 1,886 Variable rate LDOD 0 82 885 814 1,183 1,187 1,155 1,097 1,047 1,001 Public sector LDOD 119 1,257 4,206 3,876 4,114 4,774 4,955 4,666 4,284 4,250 Private sector LDOD 0 0 0 0 0 0 0 0 0 0 - - - ~~~~~~6. ('t'RRFiNCI'CONIPOS[TION OF LONG-TERM DEBT iPE RCENTi Deutsche mark 5.1 1.1 2.4 2.8 2.6 2.7 2.8 2.8 2.7 2.9 French franc 14.1 31.0 51.1 48.7 42.6 45.2 47.1 44.6 41.4 41.7 Japanese yen 0.0 0.0 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 Pound sterling 0.6 0.0 5.7 4.9 4.5 5.0 4.9 5.7 6.3 6.3 Swiss franc 0.0 2.1 0.4 0.5 0.4 0.4 0.5 0.3 0.3 0.3 U.S.dollars 2.4 25.1 16.5 18.5 27.0 25.1 23.7 24.2 26.0 25.9 Multiple currency 24.7 3.1 3.9 4.1 3.9 2.4 2.1 1.8 1.7 0.6 Special drawing rights 0.0 0.0 0.6 0.7 0.6 0.5 0.5 0.5 0.5 0.5 All other currencies 53.1 37.6 19.2 19.6 18.2 18.5 18.2 19.9 20.9 21.6 181 CONGO, REPUBLIC OF (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 7. DEBT RJESTRIICTtr RINGS Total amount rescheduled 780 15 2 1,044 108 269 91 69 Debt stock rescheduled 0 0 0 0 0 0 0 0 Principal rescheduled 386 8 2 505 65 193 70 53 Official .. 101 2 2 355 60 182 70 53 Private 285 5 0 150 5 11 0 0 Interest rescheduled .. 370 4 0 433 42 69 19 16 Official 248 0 0 396 41 65 19 16 Private 121 4 0 38 1 5 0 0 Debt forgiven 0 0 3 126 24 77 37 36 Memo: interest forgiven 0 0 0 8 0 24 4 4 Debt stock reduction 0 0 0 0 0 0 0 0 of which debt buyback ..0 0 0 0 0 0 0 0 S. DEBT STOCK-FLO%V RECONCILL.XTI0N Total change in debt stocks 675 -63 312 332 591 -764 -170 48 Net flows on debt 13 541 95 -35 310 79 166 -451 96 -66 Net change in interest arrears -167 171 147 -378 176 -158 89 139 Interest capitalized ... 370 4 0 433 42 69 19 16 Debt forgiveness or reduction ...0 0 -3 -126 -24 -77 -37 -36 Cross-cur-rency valuation ... 427 -188 -140 270 249 -156 -297 152 Residual ... -51 -15 -2 53 -18 9 -40 -157 9. A%-ERA,GE TERMS OF NEIV COMMITMIENTS ALL CREDITORS Interest (%) 2.8 7.6 5.1 5.9 5.1 0.8 2.2 0.0 0.0 0.0 Maturity (years) 18.3 11.1 15.7 10.6 7.8 31.6 31.8 0.0 0.0 0.0 Grace period (years) 6.5 3.2 6.8 5.6 2.2 7.5 8.9 0.0 0.0 0.0 Grant element (%) 49.5 13.1 32.0 20.9 17.7 70.7 63.7 0.0 0.0 0.0 Official creditors Interest (%) 2.3 3.5 4.3 5.0 0.0 0.8 2.2 0.0 0.0 0.0 Maturity (years) 19.6 25.3 16.9 17.2 0.0 31.6 31.8 0.0 0.0 0.0 Grace period (years) 6.6 6.7 7.2 9.6 0.0 7.5 8.9 0.0 0.0 0.0 Grant element (%) 53.6 46.5 37.3 34.8 0.0 70.7 63.7 0.0 0.0 0.0 Private creditors Interest (%) 4.2 8.5 9.9 6.5 5.1 0.0 0.0 0.0 0.0 0.0 Maturity (years) 14.9 8.1 8.3 5.7 7.8 0.0 0.0 0.0 0.0 0.0 Grace period (years) 6.1 2.4 4.1 2.7 2.2 0.0 0.0 0.0 0.0 0.0 Grant element (%) 38.9 6.2 -0.5 10.5 17.7 0.0 0.0 0.0 0.0 0.0 Memorandum items Commnitments 31 966 192 199 593 250 31 0 0 0 Official creditors 23 165 165 85 0 250 31 0 0 0 Private creditors 9 801 27 114 593 0 0 0 0 0 10. CONTRACTUAL OBLIGATIONS ON OLUTSTA.N-DING LONG-TERMI DEBT 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 TOTAL Disbursements 3 2 1 1 0 0 0 0 0 0 Principal 246 272 258 204 204 198 198 192 123 119 Interest 118 112 97 83 73 63 54 44 35 28 Official creditors Disbursements 3 2 1 1 0 0 0 0 0 0 Principal 174 222 208 204 204 198 198 192 123 119 Interest 107 105 94 83 73 63 54 44 35 28 Bilateral creditors Disbursements 1 0 0 0 0 0 0 0 0 0 Principal 133 178 175 171 173 173 176 171 103 104 Interest 93 94 85 76 68 59 50 41 33 26 Multilateral creditors Disbursements 2 2 1 1 0 0 0 0 0 0 Principal 41 44 33 33 3 1 25 22 21 20 15 Interest 15 12 9 7 6 4 3 3 2 2 Private creditors Disbursements 0 0 0 0 0 0 0 0 0 0 Principal 72 50 50 0 0 0 0 0 0 0 Interest I11 6 3 0 0 0 0 0 0 0 Commercial banks Disbursements 0 0 0 0 0 0 0 0 0 0 Principal 70 50 50 0 0 0 0 0 0 0 Interest I11 6 3 0 0 0 0 0 0 0 Other private Disbursements 0 0 0 0 0 0 0 0 0 0 Principal 2 0 0 0 0 0 0 0 0 0 Interest 0 0 0 0 0 0 0 0 0 0 182 COSTA RICA (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 1. SU'MMA.RYIDEBT DATA TOTAIL DEBT STOCKS (EDT) 2,744 3,756 3,934 3,863 3,906 3,801 3,488 3,548 3,971 Long-term debt (LDOD) 246 2,112 3,367 3,510 3,411 3,446 3,348 3,116 3,012 3,284 Public and publicly guaranteed 134 1,700 3,063 3,176 3,131 3,218 3,133 2,923 2,840 3,047 Private nonguaranteed 112 412 304 334 280 228 214 193 172 237 Use of IMF credit 0 57 11 82 81 66 24 1 0 0 Short-term debt -- 575 377 343 371 393 429 371 537 687 of which interest arrears on LDOD 0 77 27 32 37 31 27 28 25 Official creditors 0 76 22 27 33 27 23 24 21 Private creditors 0 2 5 5 4 4 4 4 4 Memo: principal arrears on LDOD 2 173 94 99 132 118 88 77 82 Official creditors 0 167 80 92 128 115 85 75 76 Private creditors 2 6 13 7 4 3 3 2 6 Memo: export credits 0 297 356 391 301 203 190 132 178 TOTAL DEBT FLOWS Disbursements 62 556 207 251 211 202 211 389 349 542 Long-term debt 60 536 207 245 211 202 211 389 349 542 HAMEpurchases 2 20 0 6 0 0 0 0 0 0 Principal repaymnents 45 176 295 303 343 291 399 373 358 331 Long-term debt 41 164 269 299 343 271 355 350 358 331 IMF repurchases 4 12 26 4 0 20 44 23 1 0 Net flows on debt 58 603 -109 -11 -109 -72 -146 -36 155 365 of which short-term debt 222 -20 41 23 1 7 42 -53 164 154 Interest payments (INT) -- 179 206 240 209 215 251 216 208 215 Long-term debt 14 171 171 214 185 193 224 195 183 181 RIF charges 0 4 3 6 5 4 3 0 0 0 Short-termndebt ..4 32 19 20 18 23 20 26 34 Net transfers on debt -- 424 -315 -250 -318 -287 -397 -252 -53 150 Total debt service paid (TDS) 354 501 543 552 507 650 588 567 546 Long-term debt 55 335 440 513 528 465 580 544 540 512 IME repurchases and charges 4 16 29 10 5 24 47 23 1 0 Short-term debt (interest only) 4 32 19 20 18 23 20 26 34 2. AGG REGA YE NET RESOU)RCE FLOW~S AND NET TRANSFERS tLONG-TERMNli NET RESOURCE FLOWS 48 425 210 194 146 267 280 501 504 796 Net flow of long-term debt (ex. IMF) 19 373 -63 -54 -132 -69 -144 40 -8 212 Foreign direct investment (net) 26 53 163 226 247 298 396 427 483 559 Portfolio equity flows 0 0 0 0 0 4 1 1 0 0 Grants (excluding techrnical coop.) 3 0 110 22 31 35 28 34 29 25 Memo: technical coop. grants 4 14 74 90 86 60 77 58 44 37 official net resource flows 16 178 188 -32 -56 27 -103 97 -18 -5 private net resource flows 33 248 23 226 202 240 383 404 522 800 NET TRANSFERS 31 234 -20 -90 -104 -1 -24 206 206 495 Interest on long-term debt 14 171 171 214 185 193 224 195 183 181 Profit remittances on FDI 4 20 60 70 65 75 80 100 115 120 Memo: official net transfers 11 135 84 -179 -176 -104 -265 -36 -140 -118 private net transfers 19 99 -104 89 72 104 241 242 346 613 3. MA3JOR ECONOMIC AGGREGATES Gross national product (GNP) 969 4,615 5,460 6,530 7,292 8,177 8,790 8,981 9,528 10,173 Exports of goods & services (XGS) .. 1,219 2,094 2,693 3,017 3,472 4,713 5,092 5,775 7,168 of which workers rermittances ..0 0 0 0 0 116 122 116 112 Imports of goods & services (MGS) .. 1,897 2,709 3,237 3,781 3,871 5,089 5,384 5,988 7,622 Intemnational reserves (RES) 16 197 525 1,032 1,038 906 1,060 1,001 1,262 1,064 Current account balance .. -664 -424 -370 -620 -234 -358 -267 -215 -460 4. DEBT [NDICATORS EDT /XGS (%) .. 225.2 179.4 146.1 128.0 112.5 80.6 68.5 61.5 55.4 EDT I GNP (%) .. 59.5 68.8 60.2 53.0 47.8 43.2 38.8 37.2 39.0 TDS /XGS (%) .. 29.1 23.9 20.2 18.3 14.6 13.8 11.6 9.8 7.6 INT /XGS (%) .. 14.7 9.9 8.9 6.9 6.2 5.3 4.2 3.6 3.0 INT / GNP (% . 3.9 3.8 3.7 2.9 2.6 2.9 2.4 2.2 2.1 RES / EDT (% . 7.2 14.0 26.2 26.9 23.2 27.9 28.7 35.6 26.8 RES /MGS (months) .. 1.3 2.3 3.8 3.3 2.8 2.5 2.2 2.5 1.7 Short-term /EDT (%) .. 21.0 10.1 8.7 9.6 10.1 11.3 10.7 15.1 17.3 Concessional / EDT (%) .. 9.1 23.6 24.6 24.7 24.6 24.2 23.6 20.6 17.5 Multilateral /EDT (%) .. 16.4 30.4 29.9 31.6 33.6 35.6 37.8 38.1 34.9 183 COSTA RICA (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 5. LONG-TERNI DEBTf DEBT OUTSTANDING (LDOD) 246 2,112 3,367 3,510 3,411 3,446 3,348 3,116 3,012 3,284 Public and publicly guaranteed 134 1,700 3,063 3,176 3,131 3,218 3,133 2,923 2,840 3,047 Official creditors 96 791 2,359 2,535 2,482 2,578 2,492 2,284 2,142 2,172 Multilateral 57 450 1,141 1,178 1,219 1,313 1,352 1,318 1,351 1,385 Concessional I11 121 246 226 215 206 199 188 192 186 Bilateral 39 341 1,218 1,357 1,263 1,265 1,139 966 791 788 Concessional 36 128 642 742 741 754 721 637 537 509 Private creditors 38 909 704 641 649 641 642 639 698 874 Bonds 1 141 609 582 577 576 572 564 605 789 Commnercial banks 20 712 41 1 1 26 24 33 40 61 55 Other private 1 7 55 54 48 45 41 37 35 32 3 1 Private nonguaranteed 112 412 304 334 280 228 214 193 172 237 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 112 412 304 334 280 228 214 193 172 237 Memo: IBRD 36 178 409 372 344 323 300 245 191 172 IDA 5 5 4 3 3 3 3 2 2 2 DISBURSEMENTS 60 536 207 245 211 202 211 389 349 542 Public and publicly guaranteed 30 435 202 201 209 202 201 389 349 456 Official creditors 19 200 170 199 165 200 190 375 263 253 Multilateral 13 97 89 123 133 150 172 313 254 152 Concessional 4 42 13 0 0 3 6 45 19 9 Bilateral 7 103 81 76 32 5 1 1 8 62 8 101 Concessional 7 20 76 76 18 18 12 1 8 6 15 Private creditors 10 235 32 2 44 2 1 1 1 5 87 203 Bonds 0 97 0 0 0 0 0 0 50 200 Commercial banks 6 120 30 1 43 1 1 1 13 36 0 Other private 4 17 1 1 2 1 0 2 1 3 Private nonguaranteed 30 102 5 44 2 0 10 0 0 87 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 30 102 5 44 2 0 10 0 0 87 Memo: IBRD 5 29 5 28 1 1 1 1 16 10 20 20 IDA 0 0 0 0 0 0 0 0 0 0 PRINCIPAL REPAYMENTS 41 164 269 299 343 271 355 350 358 331 Public and publicly guaranteed 21 76 263 285 287 219 331 328 336 309 Official creditors 7 23 92 253 251 208 321 311 309 282 Multilateral 3 15 79 105 100 120 176 121 159 157 Concessional 0 2 10 1 1 1 1 12 14 1 3 14 1 5 Bilateral 4 7 14 148 151 88 145 190 150 125 Concessional 3 3 3 27 3 1 35 44 72 79 63 Private creditors 14 53 171 32 36 1 1 1 1 17 27 27 Bonds 1 0 42 17 5 1 4 7 10 16 Commercial banks 12 41 124 8 27 4 2 6 14 7 Other private 1 1 2 5 7 4 6 5 3 3 4 Private nonguaranteed 20 88 6 14 56 52 24 21 21 21 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 20 88 6 14 56 52 24 21 21 21 Memo: IBRD 2 7 45 46 48 56 55 41 54 40 IDA 0 0 0 0 0 0 0 0 0 0 NET FLOWS ON DEBT 19 373 -63 -54 -132 -69 -144 40 -8 212 Public and publicly guaranteed 9 359 -62 -84 -78 -17 -130 61 13 147 Official creditors 12 178 78 -54 -86 -8 -131 64 -47 -29 Multilateral 10 82 1 1 18 32 30 -4 192 95 -5 Concessional 4 40 4 -11 -11 -9 -7 32 6 -7 Bilateral 3 96 67 -72 -119 -38 -127 -128 -142 -24 Concessional 4 17 73 48 -13 -17 -32 -54 -73 -48 Private creditors -3 182 -139 -30 9 -9 1 -2 60 176 Bends -1 97 -42 -17 -5 -1 -4 -7 40 184 Comimercial banks -5 79 -94 -8 16 -2 9 7 21 -7 Other private 3 5 -4 -5 -2 -5 -5 -2 -2 -2 Private nonguaranteed 10 14 -1 30 -54 -52 -14 -21 -21 65 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 10 14 -1 30 -54 -52 -14 -21 -21 65 Memo: IBRD 3 23 -40 -18 -37 -45 -39 -32 -34 -21 IDA 0 0 0 0 0 0 0 0 0 0 184 COSTA RICA (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 INTEREST PAYMENTS (LINT) 14 171 171 214 185 193 224 195 183 181 Public and publicly guaranteed 7 130 169 189 159 171 204 177 167 162 Official creditors 4 42 104 147 120 131 162 133 122 114 Multilateral 3 27 77 8 1 79 90 95 87 86 84 Concessional 0 3 5 5 4 4 5 4 3 4 Bilateral 1 15 27 66 41 41 67 46 36 29 Concessional 1 3 9 27 1 8 23 30 23 20 17 Private creditors 3 88 65 42 39 40 42 44 44 48 Bonds 0 6 24 36 34 35 37 36 37 39 Conumercial banks 2 78 36 0 0 1 0 4 4 6 Other private 1 4 5 6 4 4 5 4 4 4 Private nonguaraateed 7 41 2 26 26 22 21 18 16 19 Bonds 0 0 0 0 0 0 0 0 0 0 Commrercial banks 7 41 2 26 26 22 21 1 8 16 19 Memo: IBRD 2 15 33 3 1 29 27 27 20 16 12 IDA 0 0 0 0 0 0 0 0 0 0 NET TRANSFERS ON DEBT 5 202 -234 -268 -316 -262 -368 -155 -191 31 Public and publicly guaranteed 2 229 -231 -272 -236 -188 -334 -115 -154 -15 Official creditors 8 135 -27 -201 -206 -140 -293 -70 -169 -143 Multilateral 6 54 -67 -63 -47 -60 -100 104 9 -89 Concessional 3 37 -1 -15 -15 -13 -12 28 3 -10 Bilateral 2 8 1 40 -138 -159 -7)9 -193 -174 -177 -54 Concessional 3 14 64 21 -31 -40 -62 -77 -94 -66 Private creditors -6 94 -204 -71 -30 -49 -41 -46 15 128 Bonds -1 91 -66 -53 -39 -36 -41 43 4 146 Commercial banks -7 2 -130 -8 1 5 -3 9 3 1 7 -12 Other private 2 1 -9 -11 -6 -10 -9 -6 -6 -5 Private nonguaranteed 3 -28 -3 5 -80 -'74 -35 -40 -38 46 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 3 -28 -3 5 -80 -74 -35 -40 -38 46 Memo: IBRD 1 8 -73 -50 -66 -72 -66 -52 -50 -33 IDA 0 0 0 0 0 0 0 0 0 0 DEBT SERVICE (LTDS) 55 335 440 513 528 465 580 544 540 512 Public and publicly guaranteed 28 206 432 473 446 391 535 505 503 471 Official creditors I11 65 197 400 371 340 483 444 431 396 Multilateral 6 43 156 186 180 210 271 209 246 242 Concessional 0 5 15 16 16 16 19 17 17 19 Bilateral 5 22 40 214 191 130 212 236 186 155 Concessional 4 6 12 54 48 58 74 95 99 80 Private creditors 17I 141 236 73 75 51 52 61 72 75 Bonds 1 6 66 53 39 36 41 43 46 55 Commercial baniks 14 119 160 9 28 5 2 10 18 1 2 Other private 2 16 1 0 12 8 10 9 7 7 8 Private nonguaranteed 28 129 8 40 82 74 45 40 38 41 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 28 129 8 40 82 74 45 40 38 41 Memo: IBRD 4 21 79 77 76 83 81 62 70 52 IDA 0 0 0 0 0 0 0 0 0 0 UNDISBURSED DEBT 95 797 1,0S3 850 1,327 1,474 1,174 1,107 922 714 Official creditors 93 623 1,038 844 1,305 1,446 1,155 1,099 918 712 Private creditors 2 174 15 6 22 29 19 7 4 1 Memorandum items Concessional LDOD 47 249 888 968 955 961 920 825 729 695 Variable rate LDOD 122 1,203 1,061 1,130 1,005 961 989 907 881 992 Public sector LDOD 130 1,655 3,059 3,173 3,128 3,216 3,131 2,921 2,838 3,045 Private sector LDOD 116 457 308 337 283 230 216 195 173 239 6. CURRENC I CONMPOSFIT ON OF L.ON(,-rERm DEBY ~IPERUEN17 Deutsche mark 2.0 3.1 2.6 2.3 2.0 2.1 1.9 1.9 1.2 1.0 French franc 0.0 0.2 1.0 0.7 0.6 0.5 0.4 0.3 0.2 0.2 Japanese yen 0.0 0.5 3.0 7.1 8.0 8.9 8.1 7.1 5.9 5.7 Pound sterling 2.8 0.5 0.2 0.3 0.3 0.3 0.1 0.1 0.1 0.0 Swiss franc 0.0 0.7 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 U.S.dollars 67.1 69.2 58.2 55.3 54.0 52.2 52.3 54.6 59.8 68.0 Multiple curTency 28.2 18.2 31.4 31.9 32.9 34.1 35.6 34.1 31.3 23.1 Special drawing rights 0.0 0.0 0.2 0.1 0.1 0.1 0.1 0.1 0.1 0.1 All other currencies 0.0 7.6 3.4 2.3 2.1 1.8 1.5 1.8 1.4 1.9 185 COSTA RICA (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 7. DEBT RESTFRLUCTiTRINGS Total amount rescheduled 641 42 29 0 0 0 0 0 Debt stock rescheduled 469 0 0 0 0 0 0 0 Principal rescheduled 20 34 17 0 0 ID 0 0 Official 20 31 17 0 0 ID 0 ID Private 0 3 0 0 0 1)0 0 Interest rescheduled 151 8 8 0 0 ID 0 0 Official 1 0 6 7 0 0 ID 0 0 Private 141 2 0 0 0 (10 0 Debt forgiven 0 0 1 3 3 2 2 0 Memo: interest forgiven .. 187 1 0 0 0 ID0 0 Debt stock reduction 668 1 0 0 0 0 0 0 of whch debt buyback ID 0 0 0 0 ID0 ID 8l. DEBT STOCK-FL-O%% RECONCILIATlION Total change in debt stocks .. -834 -88 -71 43 -105 -312 60 422 Net flows on debt 58 603 -109 -11 -109 -72 -146 -36 155 365 Net change in interest arrears -308 -41 5 5 -7 -4 1 -3 Interest capitalized 151 8 8 0 0 ID 0 0 Debt forgiveness or reduction -668 -1 -1 -3 -3 -2 -2 ID Cross-currency valuation 52 -44 8 55 -3 -66 -60 20 Residual ... 47 1 18 57 53 -204 -34 40 9.-WER-AGE TERMS OF NEW~CONMTM ~EN r'S ALL CREDITORS Interest (%) 5.6 11.2 6.9 7.0 6.4 6.9 2.6 5.3 7.5 7.3 Matufity (years) 27.7 13.3 15.4 18.4 16.0 17.0 7.2 11.4 13.0 4.0 Grace period (years) 6.3 5.0 4.4 4.5 4.4 5.4 1.2 3.7 3.0 4.0 Grant element (%) 33.6 -1.2 18.3 16.1 18.2 18.8 16.8 24.7 12.4 6.8 Official creditors Interest (%) 5.3 7.2 6.4 7.0 6.3 6.8 2.2 5.3 7.0 5.3 Maturity (years) 29.8 18.3 17.7 18.4 16.8 17.2 7.3 11.4 15.8 1.1 Grace period (years) 7.2 6.3 5.0 4.5 4.6 5.5 1.2 3.7 4.2 1.1 Grant element (%) 37.3 19.4 21.2 16.1 19.1 19.3 17.4 24.7 16.7 4.6 Private creditors Interest (%) 7.1 15.8 9.5 0.0 7.1 12.5 6.9 3.3 8.4 8.0 Maturity (years) 14.8 7.6 3.2 0.0 8.0 7.0 6.0 10.8 7.7 5.1 Grace period (years) 0.9 3.6 1.1 0.0 2.1 1.5 1.5 1.1 0.7 5.1 Grant element (%) 12.2 -24.4 2.2 0.0 9.6 -9.1 8.6 27.4 4.3 7.7 Memorandum items Commnitments 58 625 231 186 701 426 25 244 241 275 Official creditors 49 330 195 186 640 417 23 242 157 75 Private creditors 8 295 36 0 61 9 2 3 84 200 Ill. CONTRACT L Al. OBLIGA I IONS ON OUFTSTANDI)NG LONGCTERNI DF: BT /11. *I11 '5/ 'ii: 2'H '1'v,s5'i TOTAL Disbursements 276 192 121 69 37 9 6 3 1 0 Principal 364 411 344 334 487 258 250 224 220 198 Interest 201 188 180 163 139 114 98 83 69 56 Official creditors Disbursements 275 191 121 69 37 9 6 3 1 0 Principal 318 352 271 260 214 188 182 154 154 132 Interest 127 117 114 102 9 1 79 67 56 47 38 Bilateral creditors Disbursements 28 19 12 8 4 2 2 1 1 0 Principal 123 176 93 93 58 43 35 27 25 24 Interest 29 21 17 13 10 8 7 6 5 4 Multilateral creditors Disbursements 247 173 109 62 33 7 4 1 0 0 Principal 195 176 178 167 156 145 147 127 128 108 Interest 98 96 97 89 80 70 60 51 42 34 Private creditors Disbursements 1 0 0 0 0 0 0 0 0 0 Principal 46 59 73 74 272 70 67 69 66 66 Interest 74 7 1 66 61 48 35 3 1 27 22 1 8 Commercial banks Disbursements 0 0 0 0 0 0 0 0 0 0 Principal 9 9 9 9 7 4 4 3 0 0 Interest 5 4 3 2 1 1 1 0 0 0 Other private Disbursements 1 0 0 0 0 0 0 ID I 0 Principal 38 50 64 64 266 65 64 67 66 66 Interest 70 67 63 59 47 35 3 1 27 22 1 8 186 COTE D'IVOIRE (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 I. SUMMARY~DEBT DATA- TOTAL DEBT STOCKS (EDT) 7,462 17,251 18,547 19,071 17,395 18,898 19,524 15,609 14,852 Long-term debt (LDOD) 267 6,339 13,223 13,860 13,727 13,852 14,562 13,216 12,498 12,632 Public and publicly guaranteed 256 4,327 10,666 11,244 11,111 11,241 11,902 11,367 10,427 10,800 Private nonguaranteed 1 1 2,012 2,558 2,616 2,617 2,611 2,660 1,849 2,071 1,833 Use of IMF credit 0 65 431 267 219 328 427 503 450 644 Short-term debt -. 1,059 3,597 4,420 5,125 3,215 3,910 5,805 2,661 1,576 of which interest arrears on LDOD ..0 819 1,043 1,251 961 1,020 953 87 9 Official creditors 0 66 166 379 45 34 6 78 0 Private creditors 0 753 877 872 915 986 947 9 9 Memo: principal arrears on LDOD ..0 1,727 2,351 2,632 2,505 2,684 2,551 147 49 Official creditors 0 16 122 327 13 29 1 1 98 1 Private creditors 0 1,710 2,229 2,305 2,492 2,655 2,540 48 48 Memo: export credits 0 3,560 3,617 3,323 3,179 2,969 2,775 2,575 2,665 TOTAL DEBT FLOWS Disbursements 82 1,777 1,172 853 813 1,405 924 1,014 236 613 Long-term debt 82 1,739 1,019 853 813 1,235 743 876 236 445 IEF purchases 0 38 153 0 0 171 181 138 0 168 Principal repayments 31 722 621 594 585 787 625 860 838 670 Long-term debt 3 1 722 498 502 535 711 539 812 816 670 IMF repurchases 0 0 123 92 49 77 86 48 22 0 Net flowvs on debt 158 1,257 1,189 627 726 -1,002 935 2,117 413 -1,064 of which short-termndebt 202 639 368 497 -1,620 636 1,963 1,015 -1,007 Interest payments (INT) -- 685 641 565 509 457 421 515 521 713 Long-term debt 1 2 590 443 410 382 426 390 473 413 615 IMF charges 0 0 3 1 26 1 8 1 1 8 5 3 3 Short-termn debt 95 167 130 110 20 23 37 105 96 Net transfers on debt -- 572 548 61 217 -1,459 514 1,602 -109 -1,778 Total debt service paid (TDS) -- 1,407 1,262 1,160 1,094 1,244 1,046 1,375 1,360 1,384 Long-termndebt 43 1,312 941 912 917 1,137 929 1,285 1,229 1.285 IMF repurchases and charges 0 0 155 118 67 87 94 53 25 3 Short-termndebt (interest only) 95 167 130 110 20 23 37 105 96 2..-AGGREGATE NET RESOURCE FLOWS AND NET TRANSFERS LLONG-TERNI) NET RESOURCE FLOWS 94 1,139 855 312 577 1,292 873 859 83 729 Net flow of long-term debt (ex.RIMF) 5 1 1,017 521 351 278 524 204 64 -580 -225 Foreign direct investmnent (net) 3 1 95 48 -231 88 78 212 269 341 435 Portfolio equity flows 0 0 0 0 0 7 3 30 1 8 6 Grants (excluding techrnical coop.) 12 27 287 192 211 683 454 497 303 513 Memo: technical coop. grants 21 100 131 13 124 114 122 109 100 94 official net resource flows 46 203 798 553 541 1,247 644 451 159 548 private net resource flows 48 936 57 -241 36 46 229 408 -77 181 NET TRANSFERS 33 361 349 -164 134 801 420 320 -398 39 Interest on long-termidebt 12 590 443 410 382 426 390 473 413 615 Profit reniittances on FDI 49 188 64 66 61 65 63 66 68 75 Memo: official net transfers 41 125 611 314 323 979 392 123 -109 179 private net transfers -9 235 -262 -478 -189 -178 28 197 -289 -140 3. NIAJOR ECONONMIC.-%GGREGATES Gross national product (GNP) 1,413 9,680 9,209 9,807 9,039 6,892 9,005 9,784 9,442 10,215 Exports of goods & services (XGS) .. 3,640 3,561 3,615 3,292 3,537 4,526 5,183 4,998 5,295 of which workers remiittances ..0 0 0 0 0 0 0 0 0 Imports of goods & services (MGS) .. 4,761 4,594 4,529 3,990 3,435 4,782 5,005 4,743 5,059 International reserves (RES) 119 46 21 22 20 221 546 622 631 855 Current accounthbalance .. -1,826 -1,214 -1,013 -892 -14 -492 -165 -128 -212 4. DEBT IN-DICATORS EDT /XGS(% . 205.0 484.5 513.1 579.2 491.8 417.5 376.7 312.3 280.5 EDT /GNP(% . 77.1 187.3 189.1 211.0 252.4 209.9 199.6 165.3 145.4 TDS /XGS(% . 38.7 35.4 32.1 33.2 35.2 23.1 26.5 27.2 26.1 INT /XGS (% . 18.8 18.0 15.6 15.5 12.9 9.3 9.9 10.4 13.5 IN'TI/GNP(% . 7.1 7.0 5.8 5.6 6.6 4.7 5.3 5.5 7.0 RES /EDT(% . 0.6 0.1 0.1 0.1 1.3 2.9 3.2 4.0 5.8 RES / MGS (months) .. 0.1 0.1 0.1 0.1 0.8 1.4 1.5 1.6 2.0 Short-term /EDT (%) .. 14.2 20.9 23.8 26.9 18.5 20.7 29.7 17.1 10.6 Concessional / EDT (% . 5.9 17.9 18.9 19.4 22.4 24.2 24.7 28.9 33.3 Multilateral /EDT (%) .. 7.0 20.8 20.1 18.7 21.4 20.6 18.8 21.2 23.5 187 COTE D'IVOIRE (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 5. LONG-TERNI DEBT DEBT OUTSTANDING (LDOD) 267 6,339 13,223 13,860 13,727 13,852 14,562 13,216 12,498 12,632 Public and publicly guaranteed 256 4,327 10,666 11,244 11,111 11,241 11,902 11,367 10,427 10,800 Official creditors 143 1,247 7,686 8,596 8,602 8,642 9,217 8,787 7,906 8,302 Multilateral 14 523 3,585 3,727 3,557 3,715 3,900 3,665 3,301 3,491 Concessional 8 69 1,150 1,046 935 1,045 1,286 1,435 1,434 1,711 Bilateral 129 724 4,101 4,870 5,045 4,927 5,317 5,122 4,605 4,812 Concessional 114 369 1,946 2,464 2,767 2,844 3,284 3,378 3,076 3,238 Private creditors 112 3,080 2,980 2,648 2,509 2,599 2,685 2,580 2,521 2,497 Bonds 21 1 5 0 0 0 0 0 0 2,457 2,434 Comumercial banks 32 1,611 2,640 2,518 2,393 2,514 2,630 2,526 16 17 Other private 59 1,454 340 129 116 85 55 54 48 46 Private nonguaranteed 11 2,012 2,558 2,616 2,617 2,611 2,660 1,849 2,071 1,833 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks I11 2,012 2,558 2,616 2,617 2,611 2,660 1,849 2,071 1,833 Memo: IBRD 5 306 1,913 1,875 1,752 1,691 1,573 1,304 1,044 942 IDA 0 8 7 110 113 576 813 1,019 1,100 1,337 DISBURSEMENTS 82 1,739 1,019 853 813 1,235 743 876 236 445 Public and publicly guaranteed 78 1,414 769 653 623 927 670 475 185 393 Official creditors 43 231 758 651 623 918 669 465 185 389 Multilateral 12 136 460 365 137 582 340 321 181 299 Concessional 8 8 21 86 17 453 239 253 147 253 Bilateral 3 1 95 298 286 487 336 329 144 3 90 Concessional 25 34 283 279 455 314 309 142 3 59 Private creditors 35 1,183 1 1 2 0 9 1 10 0 4 Bonds 6 0 0 0 0 0 0 0 0 0 Commercial banks 7 634 2 0 0 0 1 2 0 0 Other private 22 550 9 2 0 9 0 8 0 4 Private nonguaranteed 4 325 250 200 190 308 73 401 52 52 Bonds 0 0 0 0 0 0 0 0 0 0 Commrercial banks 4 325 250 200 190 308 73 401 52 52 Memo: IBRD 3 86 261 105 22 21 19 18 0 0 IDA 0 0 0 74 3 448 226 235 140 190 PRINCIPAL REPAYMENTS 31 722 498 502 535 711 539 812 816 670 Public and publicly guaranteed 29 517 319 315 346 397 514 521 525 380 Official creditors 9 55 247 290 294 355 479 510 329 354 Multilateral 0 17 230 268 278 291 286 304 264 255 Concessional 0 2 70 79 71 43 46 47 44 42 Bilateral 9 38 16 22 16 64 193 206 65 99 Concessional 6 16 5 9 7 13 19 34 24 64 Private creditors 20 462 72 25 53 42 36 1 1 196 26 Bonds 2 1 1 0 0 0 0 0 0 23 Commercial banks 2 301 25 10 44 5 5 5 193 0 Otier private 1 5 161 46 14 8 37 30 6 3 3 Private nonguaranteed 2 205 179 188 189 314 25 292 292 290 Bonds 0 0 0 0 0 0 0 0 0 0 Conmtercial banks 2 205 179 188 189 314 25 292 292 290 Memo: IBRD 0 7 125 159 183 196 199 178 158 140 IDA 0 0 0 0 0 0 0 0 0 0 NET FLOWS ON DEBT 51 1,017 521 351 278 524 204 64 -580 -225 Public and publicly guaranteed 49 897 450 338 277 529 156 -46 -340 13 Official creditors 34 176 511 361 330 563 190 -45 -144 35 Multilateral 1 2 120 229 97 -141 291 54 1 7 -83 44 Concessional 8 7 -49 8 -53 410 194 206 103 212 Bilateral 22 57 282 264 471 272 136 -62 -62 -9 Concessional 19 1 8 278 271 448 300 290 107 -20 -5 Private creditors 1 5 721 -62 -23 -53 -34 -34 -1 -196 -22 Bonds 4 -1 -1 0 0 0 0 0 0 -23 Commercial banks 5 333 -23 -10 44 -5 -4 -3 -193 0 Other private 7 389 -38 -12 -8 -29 -30 3 -3 1 Private nonguaranteed 2 120 71 12 1 -5 49 110 -240 -238 Bonds 0 0 0 0 0 0 0 0 0 0 Cormmercial banks 2 120 7 1 12 1 -5 49 110 -240 -238 Memo: IBRD 3 78 136 -54 -161 -175 -180 -160 -158 -140 IDA 0 0 0 74 3 448 226 235 140 190 188 COTE D'IVOIRE (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 INTEREST PAYMENTS (LINT) 12 590 443 410 382 426 390 473 413 615 Public and publicly guaranteed 12 353 205 244 225 296 257 330 270 506 Official creditors 4 77 187 239 218 267 252 328 269 369 Multilateral 0 32 176 208 181 228 172 213 165 140 Concessional 0 1 3 7 5 4 7 7 10 I11 Bilateral 4 45 12 3 1 38 39 8 1 116 104 229 Concessional 3 13 2 22 25 28 40 69 65 134 Private creditors 7 275 1 8 5 7 28 5 2 1 137 Bonds 1 1 0 0 0 0 0 0 0 136 Commercial banks 3 176 7 2 5 2 1 1 0 0 Other private 4 98 1 2 3 1 27 3 1 1 1 Private nonguaranteed 0 237 237 166 157 131 133 143 143 109 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 237 237 166 157 131 133 143 143 109 Memo: IBRD 0 22 141 159 155 144 135 112 87 69 IDA 0 0 0 1 1 2 5 5 8 8 NET TRANSFERS ON DEBT 39 427 78 -60 -104 98 -186 -409 -993 -840 Public and publicly guaranteed 38 544 245 94 52 234 -101 -376 -610 -493 Official creditors 30 99 324 122 112 296 -62 -373 -413 -334 Multilateral 1 1 87 54 -111 -321 63 -117 -196 -248 -96 Concessional 8 6 -52 1 -58 406 187 199 93 201 Bilateral 18 1 1 271 232 433 233 55 -178 -165 -238 Concessional 1 5 5 276 249 423 272 250 38 -85 -139 Private creditors 8 446 -80 -28 -59 -62 -39 -2 -197 -159 Bonds 3 -2 -1 0 0 0 0 0 0 -159 Commnercial banks 2 156 -30 -13 -50 -7 -5 -4 -193 0 Other private 3 291 -49 -15 -10 -55 -33 2 -40 Private nonguaranteed 2 -117 -167 -153 -156 -136 -84 -34 -383 -347 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 2 -117 -167 -153 -156 -136 -84 -34 -383 -347 Memo: IBRD 3 56 -5 -213 -316 -319 -315 -271 -245 -209 IDA 0 0 0 73 2 446 222 230 132 181 DEBT SERVICE (LTDS) 43 1,312 941 912 917 1,137 929 1,285 1,229 1,285 Public and publicly guaranteed 40 870 524 559 571 693 771 850 794 886 Official creditors 1 3 133 434 529 512 622 731 838 598 723 Multilateral 1 49 406 476 458 519 457 516 429 394 Concessional 0 3 73 86 76 47 53 54 54 52 Bilateral 13 84 28 53 54 103 274 322 168 328 Concessional 9 29 7 3 1 32 41 59 104 89 198 Private creditors 27 738 90 30 59 71 40 12 197 163 Bonds 3 2 1 0 0 0 0 0 0 159 Commercial banks 5 477 32 13 50 7 7 6 193 0 Other private 19 259 5 8 1 7 10 64 33 7 4 5 Private nonguaranteed 2 442 417 353 346 444 158 435 435 399 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 2 442 417 353 346 444 158 435 435 399 Memo: IBRD 0 29 266 318 338 340 334 289 245 209 IDA 0 0 0 1 1 2 5 5 8 9 UNDISBURSED DEBT 169 1,723 1,230 1,348 1,166 909 901 909 892 888 Official creditors 108 747 1,131 1,328 1,147 898 892 907 885 884 Private creditors 61 976 99 19 19 1 1 9 3 8 4 Memorandum items Concessional LDOD 121 438 3,096 3,510 3,702 3,889 4,570 4,813 4,510 4,949 Variable rate LDOD 34 3,601 7,400 8,002 7,798 7,808 7,940 6,742 6,598 6,043 Public sector LDOD 255 4,277 10,663 11,243 11,109 11,240 11,901 11,365 10,427 10,800 Private sector LDOD 1 1 2,061 2,560 2,617 2,618 2,613 2,661 1,850 2,071 1,833 6. CUrRRENCY 'CONIPOS1TION OF LONG-TERMI DEBT iPERCENTi Deutsche mark 10.5 4.5 3.9 3.7 3.6 4.1 4.4 4.2 3.5 3.5 French franc 47.7 34.6 38.1 38.5 39.5 38.8 39.1 38.9 27.1 27.9 Japanese yen 0.0 0.6 0.9 1.2 1.3 1.5 1.4 1.3 1.1 1.2 Pound sterling 0.0 1.4 1.3 1.0 1.1 1.0 0.9 0.9 0.8 0.7 Swiss franc 0.0 6.3 2.3 2.0 2.1 0.4 0.5 0.4 0.2 0.2 U.S.dollars 25.4 31.5 15.5 16.6 17.0 21.0 22.0 25.1 40.9 49.4 Multiple currency 2.1 9.9 22.7 22.5 22.3 22.3 20.1 18.1 16.3 6.4 Special drawing rights 0.0 0.0 0.4 0.6 0.6 0.6 0.6 0.6 0.2 0.3 All other currencies 14.3 11.2 14.9 13.9 12.5 10.3 11.0 10.5 9.9 10.4 189 COTE D'IVOIRE (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 7. DEBT RESTRLFCTITRINGS Total amount rescheduled 930 399 0 645 381 315 2,612 319 Debt stock rescheduled ..0 0 0 0 0 0 0 0 Principal rescheduled 590 213 0 266 192 139 138 265 Official 407 150 0 257 189 137 58 264 Private 183 64 0 9 4 3 80 1 interest rescheduled 287 84 0 306 131 106 875 54 Official .. 257 79 0 302 129 105 8 53 Private 29 5 0 4 1 1 867 0 Debt forgiven 50 0 0 1,352 292 8 0 103 Memo: interest forgiven 0 0 0 228 30 2 0 20 Debt stock reduction ..0 0 0 0 0 0 4,053 0 of which debt buyback ..0 0 0 0 0 0 163 0 8. DEBT STOCK-FLOWV RECONCILIATION Total change in debt stocks 2,431 373 524 -1,676 1,503 625 -3,915 -757 Net flows on debt 158 1,257 1,189 627 726 -1,002 935 2,117 413 -1,064 Net change in interest arrears ... 62 117 208 -290 59 -67 -866 -78 Interest capitalized ... 287 84 0 306 131 106 875 54 Debt forgiveness or reduction ... -50 0 0 -1,352 -292 -8 -3,890 -103 Cross-currency valuation ... 954 -533 -409 512 565 -563 -675 327 Residual ... -10 78 -1 151 105 -960 229 108 9. AVERAGE rERMS OF NE%% COMIMITMENTS ALL CREDITORS Interest (%) 5.8 11.4 5.9 5.3 4.6 2.1 1.9 1.9 1.7 0.5 Maturity (years) 18.6 10.3 20.0 19.2 20.1 29.8 29.8 31.4 30.2 40.5 Grace period (years) 5.4 4.5 6.3 6.2 8.0 8.6 8.5 8.8 8.4 10.0 Grant element (%) 26.1 -5.6 27.5 30.7 38.9 64.0 63.8 65.2 65.8 82.7 Official creditors Interest (%) 4.9 6.2 5.9 5.3 4.6 2.0 1.9 1.8 1.6 0.5 Maturity (years) 22.5 18.8 20.0 19.2 20.1 29.9 29.8 32.0 30.9 40.5 Grace period (years) 7.4 5.7 6.3 6.2 8.0 8.6 8.5 8.9 8.6 10.0 Grant element (%) 35.3 25.4 27.5 30.7 38.9 64.6 63.9 66.4 67.3 82.7 Private creditors Interest (%) 7.4 11.9 0.0 0.0 0.0 11.4 14.4 6.0 5.8 0.0 Maturity (years) 12.1 9.5 0.0 0.0 0.0 12.0 19.6 5.4 6.2 0.0 Grace period (years) 2.1 4.4 0.0 0.0 0.0 2.5 0.1 0.9 0.6 0.0 Grant element (%) 10.9 -8.5 0.0 0.0 0.0 -7.8 -10.0 8.7 10.7 0.0 Memorandum items Commitments 7 1 1,688 764 850 498 907 716 538 241 359 Official creditors 44 144 764 850 498 900 715 526 235 359 Private creditors 27 1,544 0 0 0 7 1 12 6 0 11). CON,rRACrLIAL. OBLIGATIONS ON OuTSTAVNDING LONG-TER.M DEBT 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 TOTAL Disbursements 290 229 162 105 62 24 13 3 1 0 Principal 714 696 732 827 816 811 641 613 704 665 Interest 502 480 472 512 470 430 391 360 329 296 Official creditors Disbursements 287 228 162 105 62 24 13 3 1 0 Principal 544 526 562 657 647 644 474 446 393 354 Interest 346 327 322 365 327 289 253 225 199 177 Bilateral creditors Disbursements 86 52 33 18 10 4 4 2 1 0 Principal 266 269 339 430 427 430 278 262 232 203 Interest 198 192 201 257 232 208 186 171 155 143 Multilateral creditors Disbursements 201 176 129 86 52 20 10 1 0 0 Principal 278 257 223 228 221 214 196 184 160 151 Interest 149 135 121 108 95 8 1 67 55 44 34 Private creditors Disbursements 3 1 0 0 0 0 0 0 0 0 Principal 171 171 170 170 169 168 167 167 311 311 Interest 156 153 150 147 144 141 138 135 130 119 Commnercial banks Disbursements 0 0 0 0 0 0 0 0 0 0 Principal 0 0 0 0 0 0 0 0 0 0 Interest 0 0 0 0 0 0 0 0 0 0 Other private Disbursements 3 1 0 0 0 0 0 0 0 0 Principal 171 171 170 170 169 168 167 167 311 311 Interest 156 153 150 147 144 141 138 135 130 119 190 CROATIA (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 1. SUiNIMARN DEBr DATA TOTAL DEBT STOCKS (EDT) 1,614 2,054 3,729 4,933 6,846 8,297 Long-term debt (LDOD) 1,487 1,685 3,016 4,292 6,045 6,878 Public and publicly guaranteed 601 643 1,760 3,334 4,221 4,910 Private nonguaranteed 886 1,042 1,257 957 1,824 1,969 Use of IMF credit ..20 127 221 209 233 234 Short-term debt 107 242 492 432 568 1,185 of which interest arrears on LDOD 52 70 7 1 21 29 37 Official creditors 4 2 1 1 0 3 Private creditors 48 68 70 20 29 34 Memo: principal arrears on LDOD .. 563 619 547 133 193 212 Official creditors 104 128 1 1 0 16 Private creditors 459 491 546 132 193 196 Memo: export credits 277 396 502 637 1,124 1,565 TOTAL DEBT FLOWS Disbursements ..158 331 517 939 2,864 1,158 Long-termndebt ..158 219 418 939 2,824 1,158 IMF purchases 0 112 99 0 40 0 Principal repayments 222 155 240 315 746 516 Long-terin debt ... 198 146 234 311 744 507 IMFrepurchases 24 9 6 5 2 9 Net flows on debt ..-9 293 526 614 2,245 1,251 of which short-termndebt 55 117 249 -10 127 609 Interest payments (INT) 103 86 126 103 374 329 Long-termn debt ...... 97 78 98 77 345 276 RMF charges ......4 1 10 10 10 I11 Short-term debt ... .3 7 1 8 1 6 1 9 42 Net transfers on debt ... . -113 208 401 511 1,871 922 Total debt service paid (TDS) . .. . . 325 241 365 418 1,120 845 Long-term debt . .... 295 224 332 388 1,089 783 vIMFrepurchases and charges ...... 28 1 0 16 14 12 20 Short-term debt (interest only) ......3 7 1 8 1 6 19 42 2. AGG REGATrE NET RESOLURCE FLO%%S AND NETr TRA-NSFERS (LONG-TERMI NET RESOURCE F'LOWS . .. . .. 56 280 316 1,298 2,606 1,763 Net flow of long-term debt (ex. IM). .. . -40 72 184 628 2,081 651 Foreign direct investment (net) ...... 96 113 101 533 487 873 Portfolio equity flows ......0 0 0 ill 0 205 Grants (excluding technical coop.) ......0 95 30 25 39 34 Memo: technical coop. grants ......0 8 2 1 29 1 8 23 official net resource flows ...... -52 69 50 9 ill 97 private net resource flows ...... 108 212 266 1,289 2,496 1,666 NET TRANSFERS .. . .-41 203 218 1,221 2,261 1,487 Interest on long-term debt ...... 97 78 98 77 345 276 Profit renmittances on FDI . . . . 0 0 0 0 0 0 Memo: official net transfers ...... -91 35 23 -24 1 1 1 1 private net transfers ...... 50 168 195 1,245 2,250 1,477 3. NMAJOR ECONONTIC AGGREGATES Gross national product (GNP) ...... 10,783 14,419 18,782 19,816 20,273 21,587 Exports of goods & services (XGS) ...... 6,531 7,607 7,808 8,716 9,110 9,492 of which workers rem-ittances ...... 213 340 506 603 524 520 Imports of goods &services (MGS) ...... 6,040 6,969 9,559 10,292 11,801 11,223 Intemnational reserves (RES) ...... 616 1,405 1,896 2,314 2,539 2,816 Current account balance ...... 606 826 -1,452 -1,147 -2,343 -1,543 4. DEBT INDICATORS EDT / XGS ()...... 24.7 27.0 47.8 56.6 75.2 87.4 EDT /GNP(% ...... 15.0 14.3 19.9 24.9 33.8 38.4 TDS /XGS(% ...... 5.0 3.2 4.7 4.8 12.3 8.9 INT /XGS(% ...... 1.6 1.1 1.6 1.2 4.1 3.5 INT /GNP(% . ... 1.0 0.6 0.7 0.5 1.8 1.5 RES /EDT(% ...... 38.2 68.4 50.8 46.9 37.1 33.9 RES /MGS (months) ...... 1.2 2.4 2.4 2.7 2.6 3.0 Short-term /EDT (%) ...... 6.6 11.8 13.2 8.8 8.3 14.3 Concessional /EDT ().... . 1.3 1.5 9.1 6.4 4.2 3.9 Multilateral /EDT ()...... 18.7 13.5 8.1 7.3 6.3 6.7 191 CROATIA (US$ million, unless otherwise indicated) 1970O 1980 1990 1992 1993 1994 1995 1996 1997 1998 5. LONG-TERNI DEB r DEBT OUTSTANDING (LDOD) 1,487 1,685 3,016 4,292 6,045 6,878 Public and publicly guaranteed 601 643 1,760 3,334 4,221 4,910 Official creditors 506 532 1,620 1,527 1,473 1,551 Multilateral 302 278 304 360 431 555 Concessional 21 21 1 1 9 22 47 Bilateral 204 255 1,317 1,167 1,041 996 Concessional 0 9 330 306 269 278 Private creditors 95 ill. 140 1,807 2,749 3,359 Bonds 0 0 0 64 534 644 Commercial banks 45 47 35 1,616 1,869 2,459 Other private 50 64 104 127 346 255 Private nonguaranteed 886 1,042 1,257 957 1,824 1,969 Bonds 0 0 0 0 0 0 Commercial banks 886 1,042 1,257 957 1,824 1,969 Memo: IBRD 104 84 117 195 276 336 IDA 0 0 0 0 0 0 DISBURSEMENTS 158 219 418 939 2,824 1,158 Public and publicly guaranteed 34 51 102 382 1,436 1,079 Official creditors 8 27 71 120 202 219 Multilateral 8 2 59 113 133 181 Concessional 0 0 0 0 14 29 Bilateral 0 25 12 8 70 38 Concessional 0 9 6 0 2 12 Private creditors 26 24 3 1 262 1,234 860 Bonds 0 0 0 67 531 101 Commercial banks 0 0 0 135 326 723 Other private 26 24 3 1 60 378 36 Private nonguaranteed 124 168 316 557 1,388 80 Bonds 0 0 0 0 0 0 Commercial banks 124 168 316 557 1,388 80 Memo: IiBRD 1 1 50 105 115 108 IDA 0 0 0 0 0 0 PRINCIPAL REPAYMENTS 198 146 234 311 744 507 Public and publicly guaranteed 71 67 73 177 362 474 Official creditors 60 53 52 137 130 155 Multilateral 60 53 52 34 23 36 Concessional 4 2 12 1 0 6 Bilateral 0 0 0 103 107 119 Concessional 0 0 0 8 16 13 Private creditors I11 14 21 40 232 319 Bonds 0 0 0 0 46 1 1 Comimercial banks 2 0 0 12 47 166 Other private 9 14 2 1 28 139 142 Private nonguaranteed 127 79 161 134 381 33 Bonds 0 0 0 0 0 0 Commercial banks 127 79 161 134 381 33 Memo: IBRD 33 29 20 16 14 17 IDA 0 0 0 0 0 0 NET FLOWS ON DEBT -40 72 184 628 2,081 651 Public and publicly guaranteed ..-37 -17 30 205 1,074 604 Official creditors -52 -26 19 -16 72 64 Multilateral -52 -51 7 78 110 145 Concessional -4 -2 -12 -1 13 23 Bilateral 0 25 12 -95 -37 -81 Concessional 0 9 6 -8 -14 -1 Private creditors 15 10 I11 222 1,002 541 Bonds 0 0 0 67 485 89 Comimercial banks -2 0 0 123 279 557 Other private 17 1 0 1 1 32 239 -106 Private nonguaranteed -3 89 154 423 1,007 47 Bonds 0 0 0 0 0 0 Comimercial banks -3 89 154 423 1,007 47 Memo: IBRD -33 -28 29 89 100 92 IDA 0 0 0 0 0 0 192 CROATIA (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 INTEREST PAYMENTS (LINT) 97 78 98 77 345 276 Pubtic and publicly guaranteed 48 43 32 41 269 270 Official creditors 39 34 27 33 99 87 Multilateral 28 25 25 25 29 29 Concessional 1 1 1 1 1 1 Bilateral ..11 9 2 8 71 58 Concessional 0 0 0 1 11 9 Private creditors 9 9 5 7 170 184 Bonds 0 0 0 1 14 35 Commercial banks ..6 4 0 2 135 125 Other private 4 4 5 4 20 24 Private nonguaranteed . .. . .. 49 35 66 37 76 6 Bonds 0 0 0 0 0 0 Commercial banks 49 35 66 37 76 6 Memo: IBRD 9 8 7 11 15 17 IDA 0 0 0 0 0 0 NET TRANSFERS ON DEBT . . . .. -137 -5 86 551 1,736 375 Public and publicly guaranteed . . . .. -85 -59 -2 165 805 334 Official creditors ..-91 -60 -8 -50 -27 -23 Multilateral ..-80 -76 -17 53 81 116 Concessional -5 -3 -14 -1 12 22 Bilateral -11 16 10 -103 -108 -139 Concessional 0 9 6 -9 -25 -11 Private creditors ..6 1 5 215 832 357 Bonds . ..0 0 0 65 470 55 Commercial banks -8 -4 0 121 144 433 Other private 14 5 5 28 218 -130 Private nonguaranteed . . . .. -52 54 88 386 931 42 Bonds 0 0 0 0 0 0 Commercial banks -52 54 88 386 931 42 Memo: IBRD .. -42 -36 22 78 86 75 IDA 0 0 0 0 0 0 DEBT SERVICE (LTDS) .. . . 295 224 332 388 1,089 783 P'ublic and publicly guaranteed .. . . 119 110 105 217 631 745 Official creditors ..99 87 79 170 230 242 Multilateral 88 78 77 60 52 65 Concessional ..5 3 14 1 2 7 Bilateral 11 9 2 I11 178 177 Concessional ...0 0 0 9 27 23 Private creditors 20 23 26 47 402 503 Bonds 0 0 0 1 60 46 Commercial banks 8 4 0 14 182 291 Other private 13 19 26 32 159 166 Private nonguaranteed . . . .. 176 114 227 171 457 38 Bonds 0 0 0 0 0 0 Commercial banks 176 114 227 171 457 38 Memo: IBRD 43 37 28 26 29 34 IDA ..0 0 0 0 0 0 UNDISBURSED DEBT . .. . .. 114 223 351 795 560 824 Official creditors ...... 90 161 225 344 381 420 Private creditors ......25 62 126 451 179 404 Memorandum items Concessional LDOD . .. . .. 21 30 340 315 290 326 Variable rate LDOD ...... 1,141 1,303 2,030 3,408 4,462 4,980 Public sector LDOD ...... 587 613 1,174 2,821 3,751 4,271 Private sector LDOD ...... 900 1,073 1,842 1,471 2,295 2,608 6. ( URREWNCYCONlPOSlTlON OF LONG-TERNI DEBT iPERC'ENT) Deutsche mark ...... 7.1 7.4 23.3 17.0 19.0 19.6 French franic ...... 2.8 2.5 7.6 3.3 2.2 1.7 Japanese yen ...... 0.9 1.0 3.9 1.7 0.8 0.5 Pound sterling ...... 0.6 0.5 3.4 1.9 1.3 1.0 Swiss franc ...... 3.6 2.8 2.9 1.5 1.3 1.1 U.S.dollars . .... 24.0 25.3 26.2 57.0 55.7 51.5 Multiple currency ...... 17.4 13.0 6.7 5.8 5.3 4.9 Special drawing rights ...... 0.0 0.0 0.0 0.0 0.0 0.0 All other cur-rencies .... 43.6 47.5 26.0 11.8 14.4 19.7 193 CROATIA (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 7. DEBTF RESTRIJC I'IRINGS Total amount rescheduled 0 16 1,065 1,462 0 1 Debt stock rescheduled 0 0 0 975 0 0 Principal rescheduled 0 13 781 0 0 0 Official 0 0 719 0 0 0 Private 0 1 3 62 0 0 0 Interest rescheduled ..3 70 5 1 0 0 Official 0 0 43 0 0 0 Private 0 3 27 5 1 0 0 Debt forgiven 0 0 0 0 0 0 Memo: interest forgiveni 0 0 0 0 0 0 Debt stock reduction 0 0 0 0 0 0 of which debt buyback ..0 0 0 0 0 0 8. DEBT STOCK-FLO%~ RECONCILIATION Total change in debt stocks 440 1,675 1,204 1,913 1,451 Net flows on debt ..-9 293 526 614 2,245 1,251 Net change in interest arrears ....1 8 1 -50 8 8 Interest capitalized 3 70 5 1 0 0 Debt forgiveness or reduction ..0 0 0 0 0 Cross-currency valuation ... .. .39 84 -95 -217 127 Residual ... .. .88 993 685 -123 65 9. A V ERAGE TE RMS OF NE"' CONMMTrIT EN TS ALL CREDITORS Interest (%) ...... 5.9 7.0 6.8 6.9 6.3 6.0 Maturity (years) ...... 6.4 13.5 12.3 6.5 6.8 6.7 Grace period (years) ...... 1.5 4.5 4.6 2.4 4.2 2.7 Grant element (%) ...... 12.5 16.0 15.4 11.1 14.8 13.6 Official creditors Interest (%) ...... 6.9 7.0 6.9 5.1 5.4 3.9 Maturity (years) ...... 9.3 16.4 16.3 14.8 12.0 13.6 Grace period (years) ...... 2.0 4.2 4.9 5.3 4.3 5.1 Grant element (%) ...... 12.4 17.0 17.9 28.9 24.2 34.6 Private creditors Interest (%) ...... 5.3 6.9 6.7 7.7 6.6 6.4 Maturity (years) ...... 4.8 6.3 6.4 3.0 5.4 5.4 Grace period (years) ...... 1.2 5.2 4.1 1.2 4.2 2.3 Grant element (%) ...... 12.6 13.4 11.7 3.6 12.3 9.6 Memorandum items Comimitments ...... 43 213 223 840 1,274 1,270 Official creditors ...... 16 151 135 249 270 204 Private creditors ...... 28 62 89 591 1,004 1,067 lU. CONTRACTUAL OBL IGA TIONS ON OUTST ANDI NG L,ONG-TERM% DE BT 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 TOTAL Disbursements 350 207 106 53 32 24 17 11 8 5 Principal 495 694 796 915 392 583 373 370 305 301 Interest 379 353 309 253 207 178 137 109 8 1 58 Official creditors Disbursements 145 73 55 41 30 24 17 1 1 8 5 Principal 124 139 124 130 149 158 151 175 193 189 Interest 91 86 8 1 78 71 64 56 48 38 28 Bilateral creditors Disbursements 30 16 6 3 1 0 0 0 0 0 Principal 84 91 73 71 75 80 80 90 101 109 Interest 53 49 44 40 36 32 28 23 18 12 Multilateral creditors Disbursements 115 58 48 38 29 23 17 1 1 8 5 Principal 40 48 52 59 74 78 70 85 93 80 Interest 38 37 37 38 35 3 1 28 24 20 16 Private creditors Disbursements 205 134 52 1 2 2 0 0 0 0 0 Principal 371 555 671 785 243 426 222 195 ill 112 Interest 288 267 229 175 135 114 82 61 44 30 Commercial banks Disbursements 182 115 42 9 0 0 0 0 0 0 Principal 191 450 518 380 237 220 197 195 ill 112 Interest 225 215 184 148 121 100 80 61 44 30 Other private Disbursements 24 1 9 10 3 2 0 0 0 0 0 Prncipal 180 106 153 405 7 206 25 0 0 0 Interest 63 52 45 28 14 14 2 0 0 0 194 CZECH REPUBLIC (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 I. SUMMAIAR Y DEBT DATA TOTAL DEBT STOCKS (EDT) 6,383 7,571 9,294 10,829 16,306 19,997 23,132 25,301 Long-term debt (LDOD) 3,983 4,700 6,220 7,940 11,237 14,277 14,565 15,365 Public and publicly guaranteed .. 3,983 4,689 6,008 7,172 9,777 12,149 12,451 12,901 Private nonguaranteed 0 11 212 768 1,460 2,128 2,113 2,465 Useof IMF credit 0 0 0 1,073 1,072 0 0 0 0 0 Short-term debt 2,400 1,798 2,002 2,889 5,070 5,720 8,568 9,935 of which interest arrears on LDOD 0 0 0 1 28 14 8 11 Official creditors 0 0 0 1 0 0 0 0 Private creditors 0 0 0 0 28 14 8 11 Memo: principal arrears on LDOD 0 0 0 0 105 149 122 64 Official creditors 0 0 0 0 0 0 0 0 Private creditors 0 0 0 0 105 149 122 64 Memo: export credits 0 1,671 1,455 1,460 1,909 1,412 1,075 1,822 TOTAL DEBT FLOWS Disbursements 1,182 1,207 2,514 1,579 4,241 4,951 3,809 4,343 Long-term debt 1,182 973 2,514 1,579 4,241 4,951 3,809 4,343 IMF purchases 0 0 0 234 0 0 0 0 0 0 Principal repayments 537 1,097 929 2,009 1,667 1,664 3,321 3,883 Long-term debt 537 1,063 929 891 1,667 1,664 3,321 3,883 EAF repurchases 0 0 0 34 0 1,118 0 0 0 0 Net floiv on debt 52 -236 1,790 456 4,728 3,951 3,342 1,823 of which short-term debt -593 -346 205 886 2,154 664 2,854 1,364 Interest payments (INT) 497 571 481 512 752 950 1,112 1,520 Long-term debt ... 196 312 292 332 514 762 902 1,099 IMEcharges 0 0 0 73 73 34 0 0 0 0 Short-term debt ... 301 185 116 147 238 187 209 421 Net transfers on debt . . -446 -806 1,309 -57 3,976 3,001 2,230 304 Total debt service paid (TDS) ... 1,035 1,668 1,410 2,522 2,419 2,613 4,433 5,403 Long-term debt ... 734 1,375 1,221 1,223 2,181 2,426 4,224 4,983 IMF repurchases and charges 0 0 0 108 73 1,152 0 0 0 0 Short-termn debt (interest only) 301 185 116 147 238 187 209 421 2. AGGREGATE NET RESOUJRCE FLOW%S AND NET TRANSFERS il-ONG-TERMl) NET RESOURCE F'LOWS ... 862 1,090 2,327 1,783 5,270 4,957 1,866 .3,197 Net flow of long-term debt (ex. IMF) ... 645 -90 1,585 688 2,574 3,287 488 459 Foreign direct investment (net) ... 207 1,103 654 878 2,568 1,435 1,286 2,554 Porffolio equity flows ...0 3 1 38 114 82 164 16 129 Grants (excluding technical coop.) I. . 1 46 50 103 46 71 76 54 Memo: technical coop. grants ...0 83 50 40 97 58 38 40 official net resource flows ... -14 494 223 146 75 70 -6 -135 private net resource flows ... 876 596 2,104 1,637 5,196 4,887 1,871 3,331 NET TRANSFERS . . 666 777 1,935 1,321 4,616 4,029 763 1,697 Interest on long-term debt ... 196 312 292 332 514 762 902 1,099 Profit remiittances on FDI .. 0 0 100 130 140 165 200 400 Memo: official net transfers ... -38 436 149 64 -22 -8 -78 -198 private net transfers ... 704 341 1,786 1,257 4,638 4,037 841 1,896 3. MALJOR ECONOMTIC AGGREGATES Gross national product (GNP) ... 34,880 29,811 34,877 41,067 51,931 57,200 52,209 55,628 Exports of goods & services (XGS) ...... 19,500 21,922 29,399 31,044 31,274 35,433 of which workers remittances............ Imports of goods & services (MGS) ...... 19,121 22,869 31,345 35,727 34,910 36,950 Intemnational reserves (RES) ...4,551 6,949 14,613 13,085 10,036 12,625 Current account balance ...466 -820 -1,374 -4,299 -3,271 -1,110 4. DEBT INDICATORS EDT /XGS(% .. ... 47.7 49.4 55.5 64.4 74.0 71.4 EDT /GNP(% ... 18.3 25.4 26.7 26.4 31.4 35.0 44.3 45.5 TDS /XGS(% ...... 7.2 11.5 8.2 8.4 14.2 15.3 INT / XGS ().... . 2.5 2.3 2.6 3.1 3.6 4.3 INT /GNP(% ... 1.4 1.9 1.4 1.3 1.5 1.7 2.1 2.7 RES / EDT ()...... 49.0 64.2 89.6 65.4 43.4 49.9 RES /MGS (months) ...... 2.9 3.7 5.6 4.4 3.5 4.1 Short-term /EDT (%) ... 37.6 23.7 21.5 26.7 31.1 28.6 37.0 39.3 Concessional / EDT ()... 0.0 0.4 0.5 0.5 0.4 0.4 0.4 0.6 Multilateral /EDT (%) ... 2.8 9.9 8.9 8.5 6.1 4.9 3.5 2.7 195 CZECH REPUBLIC (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 S. LONG-TERMI DEBT DEBT OUTSTANDING (LDOD) ..3,983 4,700 6,220 7,940 11,237 14,277 14,565 15,365 Public and publicly guaranteed 3,983 4,689 6,008 7,172 9,777 12,149 12,451 12,901 Official creditors 252 1,061 1,218 1,351 1,427 1,334 1,121 1,001 Multilateral 179 748 822 925 1,001 971 798 686 Concessional 0 0 23 26 28 26 23 24 Bilateral 73 312 396 426 426 364 323 314 Concessional 0 29 28 30 33 52 65 123 Private creditors ..3,732 3,629 4,790 5,821 8,349 10,815 11,331 11,900 Bonds 50 244 943 870 860 480 672 1,376 Commercial banks 1,970 2,422 2,526 3,772 6,566 9,642 10,148 9,562 Other private 1,712 962 1,321 1,178 924 692 511 962 Private nonguaranteed 0 11 212 768 1,460 2,128 2,113 2,465 Bonds 0 0 0 0 39 527 457 671 Conmmercial banks 0 1 1 212 768 1,421 1,601 1,657 1,794 Memo: IBRD 0 0 0 220 315 367 434 435 382 380 IDA 0 0 0 0 0 0 0 0 0 0 DISBURSEMENTS 1,182 973 2,514 1,579 4,241 4,951 3,809 4,343 Public and publicly guaranteed 1,182 965 2,369 1,390 3,306 3,981 3,089 3,108 Official creditors 19 525 232 105 133 179 168 88 Multilateral 5 281 132 79 108 136 137 41 Concessional 0 0 24 1 0 0 0 0 Bilateral 14 244 100 26 25 43 32 47 Concessional 0 30 0 0 0 23 21 46 Private creditors 1,163 439 2,137 1,285 3,173 3,802 2,920 3,020 Bonds 0 42 747 0 20 50 264 637 Commnercial banks 435 158 781 907 2,955 3,659 2,568 1,882 Other private 729 239 609 379 198 92 88 501 Private nonguaranteed ..0 9 145 189 935 970 721 1,235 Bonds 0 0 0 0 36 496 0 200 Commercial banks 0 9 145 189 900 474 721 1.035 Memo: IBRD 0 0 0 87 93 30 57 42 23 26 IDA 0 0 0 0 0 0 0 0 0 0 PRINCIPAL REPAYMENTS 537 1,063 929 891 1,667 1,664 3,321 3,883 Public and publicly guaranteed 537 1,063 922 868 1,420 1,369 2,521 3,317 Official creditors 43 77 59 62 105 180 250 277 Multilateral 5 43 35 32 71 108 213 192 Concessional 0 0 0 0 0 0 0 0 Bilateral 38 34 24 30 34 72 37 86 Concessional 0 0 0 0 0 0 0 0 Private creditors 494 986 863 805 1,315 1,189 2,271 3,039 Bonds 0 38 114 126 1 8 375 23 0 Commercial banks 20 333 237 364 823 503 1,989 2,986 Other private 474 614 512 315 475 312 258 53 Private nonguaranteed 0 0 7 24 247 294 801 567 Bonds 0 0 0 0 0 0 36 0 Comimercial banks 0 0 7 24 247 294 765 567 Memo: IBRD 0 0 0 0 0 0 0 10 39 47 IDA 0 0 0 0 0 0 0 0 0 0 NET FLOWS ON DEBT ..645 -90 1,585 688 2,574 3,287 488 459 Public and publicly guaranteed 645 -98 1,447 523 1,886 2,612 568 -208 Official creditors -24 448 173 43 28 -1 -82 -189 Multilateral 0 238 97 47 37 29 -76 -151 Concessional 0 0 24 1 0 0 0 0 Bilateral -24 210 76 -5 -9 -30 -6 -38 Concessional 0 30 0 0 0 23 21 46 Private creditors 669 -546 1,274 480 1,857 2,612 649 -19 Bonds 0 5 633 -126 3 -325 241 637 Commercial banks 414 -175 544 543 2,132 3,157 579 -1,105 Other private 255 -376 97 63 -278 -219 -170 448 Private nonguaranteed 0 8 138 165 689 676 -80 668 Bonds 0 0 0 0 36 496 -36 200 Commercial banks 0 8 138 165 653 180 -44 468 Memo: IiBRD 0 0 0 87 93 30 57 32 -17 -21 IDA 0 0 0 0 0 0 0 0 0 0 196 CZECH REPUBLIC (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 INTEREST PAYMENTS (LINT) 196 312 292 332 514 762 902 1,099 Public and publicly guaranteed 196 312 290 317 464 632 785 972 Official creditors 24 58 74 82 97 78 72 64 Multilateral 18 48 59 55 68 53 54 45 Concessional 0 0 0 1 2 2 2 0 Bilateral 7 10 15 26 28 25 18 18 Concessional 0 2 0 2 1 0 2 3 Private creditors 172 254 217 235 368 554 713 908 Bonds 2 18 20 69 117 56 35 45 Commrercial banks 91 160 142 127 147 408 621 820 Other private 79 76 54 39 104 90 57 43 Private nonguaranteed 0 0 2 14 50 130 117 128 Bonds ..0 0 0 0 0 4 31 31 Commercial banks 0 0 2 14 50 126 86 97 Memo: IBRD 0 0 0 10 19 25 28 29 27 24 IDA 0 0 0 0 0 0 0 0 0 0 NET TRANSFERS ON DEBT 448 -402 1,293 356 2,060 2,525 -415 -640 Public and publicly guaranteed 448 -410 1,157 206 1,421 1,980 -218 -1,180 Official creditors .. -48 390 99 -39 -68 -79 -154 -252 Multilateral .. -18 190 38 -8 -31 -24 -130 -196 Concessional 0 0 24 0 -2 -2 -2 0 Bilateral -31 200 62 -31 -37 -54 -24 -56 Concessional 0 29 0 -2 -1 23 19 42 Private creditors 497 -800 1,058 245 1,489 2,058 -64 -927 Bonds -2 -14 613 -195 -114 -381 206 592 Commercial banks ..323 -335 402 416 1,985 2,748 -42 -1,924 Other private 176 -452 43 24 -382 -309 -227 405 Private nonguaranteed 0 8 136 151 639 545 -197 540 Bonds 0 0 0 0 36 492 -67 169 Commercial banks 0 8 136 151 603 53 -130 371 Memo: IBRD 0 0 0 77 74 5 29 3 -44 4 IDA 0 0 0 0 0 0 0 0 0 0 DEBT SERVICE (LTDS) 734 1,375 1,221 1,223 2,181 2,426 4,224 4,983 Public and publicly guaranteed 734 1,375 1,212 1,185 1,885 2,001 3,306 4,288 Official creditors 67 135 133 144 202 258 322 341 Multilateral 23 91 94 87 139 161 267 237 Concessional 0 0 0 1 2 2 2 0 Bilateral .. 45 44 39 57 62 97 55 104 Concessional 0 2 0 2 1 0 2 3 Private creditors 666 1,239 1,079 1,041 1,683 1,744 2,984 3,947 Bonds 2 56 134 195 134 431 59 45 Commercial banks ill 493 379 491 970 911 2,610 3,806 Other private ..553 690 566 354 579 402 315 96 Private nonguaranteed 0 0 9 38 297 425 918 695 Bonds 0 0 0 0 0 4 67 31 Comimercial banks 0 0 9 38 297 421 851 664 Memo: IBRD 0 0 0 10 19 25 28 39 66 71 IDA 0 0 0 0 0 0 0 0 0 0 UNDISBURSED DEBT 447 868 845 822 903 1,891 1,534 1,020 Official creditors 14 519 548 586 702 829 663 613 Private creditors 433 348 298 236 200 1,063 871 407 Memorandum itemis Concessional LDOD ...0 29 50 56 61 78 88 147 Variable rate LDOD ... 1,192 2,394 3,275 3,992 5,079 5,332 6,272 8,210 Public sector LDOD ... 3,725 4,456 5,745 6,880 9,340 11,726 12,113 12,722 Private sector LDOD ... 258 244 475 1,060 1,897 2,551 2,452 2,643 6. CUrRRENCV COMIPOSITION OF LONG-TEPRI DEBT (PERC'ENT) Deutsche mark ... 33.5 25.3 16.3 14.3 5.3 3.7 5.1 11.5 French franc ... 1.4 1.5 0.8 0.5 0.2 0.1 0.1 0.0 Japanese yen ... 9.0 10.7 13.8 11.8 8.1 5.7 4.7 4.6 Pound sterling ... 0.6 0.3 0.2 0.1 0.0 0.0 0.0 0.0 Swiss franc ... 13.8 7.4 4.7 3.8 3.0 2.0 1.7 0.5 U.S.dollars ... 26.6 33.5 41.5 46.6 65.5 74.3 77.7 72.1 Multiple currency ... 0.0 4.7 12.3 15.1 12.1 9.6 8.1 9.8 Special drawing rights ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 All other currencies ... 15.1 16.6 10.4 7.8 5.8 4.6 2.6 1.5 197 CZECH REPUBLIC (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 7. DEBT RESTRUCTLURINGS Total amount rescheduled 0 0 0 0 0 0 0 0 Debt stock rescheduled 0 0 0 0 0 0 0 0 Principal rescheduled ..0 0 0 0 0 0 0 0 Official 0 0 0 0 0 0 0 0 Private 0 0 0 0 0 0 0 0 Interest rescheduled 0 0 0 0 0 0 0 0 Official ..0 0 0 0 0 0 0 0 Private ..0 0 0 0 0 0 0 0 Debt forgiven ..0 0 2 1 2 0 2 0 Memo: interest forgiven 0 0 0 0 0 0 0 0 Debt stock reduction 0 0 0 0 0 0 0 0 of which debt buyback ..0 0 0 0 0 0 0 0 8. DEBT STOCK-FLOW RECONCILIATION Total change in debt stocks 19 -461 1,724 1,535 5,478 3,691 3,135 2,168 Net flows on debt 52 -236 1,790 456 4,728 3,951 3,342 1,823 Net change in interest arrears 0 0 0 1 27 -13 -7 4 Interest capitalized 0 0 0 0 0 0 0 0 Debt forgiveness or reduction 0 0 -2 -1 -2 0 -2 0 Cross-currency valuation 390 -167 -17 335 118 -214 -238 219 Residual ... -423 -59 -47 744 607 -33 40 122 9.,%AVERAGE TERMTS OF NEW CONMIFTMIENTS ALL CREDITORS Interest (%) ... 8.2 7.0 7.0 7.6 7.4 7.6 6.6 6.5 Maturity (years) ... 5.1 10.2 11.6 15.2 14.3 14.6 9.4 9.3 Grace period (years) ... 3.1 4.1 3.5 2.7 2.8 3.2 2.4 3.8 Grant element (%) ... 4.3 13.6 11.3 8.2 8.2 7.8 12.3 14.0 Official creditors Interest (%) ... 9.6 6.8 6.1 7.1 3.9 6.2 5.9 9.5 Maturity (years) ... 10.8 10.9 13.5 20.0 18.2 19.4 18.7 9.4 Grace period (years) ... 5.2 5.1 4.5 5.5 4.9 6.6 5.2 1.4 Grant element (%) ... 0.6 15.3 21.1 18.8 38.7 25.0 25.9 1.0 Private creditors Interest (%) ... 8.1 7.4 7.1 7.6 7.7 7.8 6.6 6.5 Maturity (years) ... 5.0 9.0 11.3 14.6 14.0 14.1 9.1 9.3 Grace period (years) ... 3.1 2.6 3.3 2.4 2.6 2.9 2.3 3.8 Grant element (%) ... 4.4 10.9 10.1 6.9 5.7 6.1 11.8 14.1 Memorandum items Commiitments . . 784 1,099 2,370 1,362 3,101 5,206 2,855 2,873 Official creditors ... 18 672 269 150 240 459 86 1 Private creditors ... 766 428 2,102 1,212 2,861 4,747 2,770 2,871 10. CONTRACTuIAL OBLIGATIONS ON OLITSTAN13ING LONG-TERMI DEBT 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 TOTAL Disbursements 415 282 165 78 40 23 13 5 0 0 Principal 1,955 2,204 1,990 1,609 1,731 1,093 1,144 878 1,001 1,029 Interest 1,051 979 821 706 590 487 411 328 303 177 Official creditors Disbursements 159 178 120 76 40 23 13 5 0 0 Principal 128 119 116 135 135 132 131 132 87 7 1 Interest 64 68 69 66 61 54 47 40 33 28 Bilateral creditors Disbursements 81 49 26 16 5 2 1 0 0 0 Principal 63 38 35 34 3 1 28 27 28 25 25 Interest 16 16 17 16 15 14 13 12 1 1 10 Multilateral creditors Disbursements 78 129 94 60 34 21 12 5 0 0 Principal 65 81 81 101 104 104 104 104 62 46 Interest 49 52 52 50 46 40 34 28 22 1 8 Private creditors Disbursements 255 104 46 2 0 0 0 0 0 0 Principal 1,828 2,084 1,874 1,474 1,596 961 1,013 746 914 958 Interest 986 911 752 639 530 433 364 288 271 149 Comimercial banks Disbursements 234 95 42 0 0 0 0 0 0 0 Principal 959 1,379 1,229 985 958 789 659 537 537 695 Interest 691 644 548 465 395 329 270 221 177 130 Other private Disbursements 2 1 9 3 1 0 0 0 0 0 0 Principal 869 705 645 489 638 172 355 208 377 262 Interest 296 267 204 174 135 105 95 67 94 1 9 198 DJIBOUTI (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 1. SUMMIARY DEBT DATA TOTAL DEBT STOCKS (EDT) .. 31.8 205.3 235.3 264.4 263.1 281.8 295.8 273.7 287.8 Long-term debt (LDOD) 2.6 25.8 155.2 219.3 230.9 254.9 268.9 279.3 253.0 263.8 Public and publicly guaranteed 2.6 25.8 155.2 219.3 230.9 254.9 268.9 279.3 253.0 263.8 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Use of IMF credit 0.0 0.0 0.0 0.0 0.0 0.0 0.0 4.1 5.4 8.9 Short-term debt .. 6.0 50.1 16.0 33.4 8.2 12.9 12.4 15.3 15.1 of which interest arrears on LDOD .. 0.0 0.1 0.7 1.6 2.8 3.5 4.2 4.3 6.3 Official creditors .. 0.0 0.1 0.7 1.6 2.8 3.5 4.2 4.3 6.3 Private creditors .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: principal arrears on LDOD .. 0.0 1.2 5.5 9.3 10.7 13.1 14.6 12.6 20.5 Official creditors .. 0.0 1.2 5.5 9.3 10.7 13.1 14.6 12.6 20.5 Private creditors .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: export credits .. 0.0 27.0 21.0 16.0 10.0 8.0 5.0 17.0 14.0 TOTAL DEBT FLOWS Disbursements 1.4 10.2 27.0 43.4 25.6 25.8 18.4 27.8 13.5 8.2 Long-term debt 1.4 10.2 27.0 43.4 25.6 25.8 18.4 23.6 12.0 5.1 RIMF purchases 0.0 0.0 0.0 0.0 0.0 0.0 0.0 4.2 1.5 3.2 Principal repayments 0.1 2.2 8.9 7.7 6.4 8.9 9.2 8.8 5.0 3.3 Long-term debt 0.1 2.2 8.9 7.7 6.4 8.9 9.2 8.8 5.0 3.3 IMF repurchases 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Net flows on debt 1.3 9.0 20.8 30.2 35.6 -9.5 13.1 17.8 11.3 2.7 of which short-term debt .. 1.0 2.8 -5.6 16.5 -26.4 3.9 -1.2 2.8 -2.2 Interest payments (INT) .. 1.7 6.0 4.2 4.5 2.9 2.5 3.2 2.2 2.2 Long-term debt 0.0 0.9 2.1 2.4 2.1 1.8 2.0 2.7 1.5 1.5 IMF charges 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.1 0.2 0.3 Short-term debt .. 0.8 3.9 1.8 2.4 1.1 0.5 0.4 0.5 0.4 Net transfers on debt .. 7.3 14.8 26.0 31.2 -12.4 10.7 14.6 9.0 0.6 Total debt service paid (TDS) .. 3.9 14.9 11.9 10.9 11.8 11.6 12.0 7.3 5.5 Long-term debt 0.1 3.1 11.0 10.1 8.5 10.7 11.1 11.5 6.6 4.8 lEF repurchases and charges 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.1 0.2 0.3 Short-term debt (interest only) .. 0.8 3.9 1.8 2.4 1.1 0.5 0.4 0.5 0.4 2. AGGREGATE NET RESOUiRCE FLOWS AND NET TRANSFERS (LONG-TERNM) NET RESOURCE FLOWS 5.6 37.8 148.7 94.7 73.1 72.6 61.2 62.2 50.3 55.6 Net flow of long-term debt (ex. JMF) 1.3 8.0 18.0 35.8 19.1 16.9 9.2 14.9 6.9 1.8 Foreign direct investment (net) 0.0 0.0 0.0 2.3 1.4 1.4 3.2 5.0 5.0 6.0 Portfolio equity flows 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Grants (excluding technical coop.) 4.3 29.8 130.7 56.6 52.6 54.3 48.8 42.3 38.4 47.8 Memo: technical coop. grants 6.2 27.8 44.6 43.6 43.8 50.7 45.7 41.0 31.1 28.9 official net resource flows 5.6 32.8 149.3 92.4 71.7 71.2 58.0 57.2 45.3 49.6 private net resource flows 0.0 5.0 -0.6 2.3 1.4 1.4 3.2 5.0 5.0 6.0 NET TRANSFERS 5.6 36.9 146.6 89.0 68.5 67.8 56.2 56.5 45.8 50.1 Interest on long-term debt 0.0 0.9 2.1 2.4 2.1 1.8 2.0 2.7 1.5 1.5 Profit remiittances on FDI 0.0 0.0 0.0 3.3 2.5 3.0 3.0 3.0 3.0 4.0 Memo: official net transfers 5.6 31.9 147.2 90.0 69.6 69.4 56.0 54.5 43.8 48.1 private net transfers 0.0 5.0 -0.6 -1.0 -1.1 -1.6 0.2 2.0 2.0 2.0 3. MAJOR ECONOMUC AGGREGATES Gross national product (GNP) ... . 465.6 468.5 483.9 487.2 481.9 496.8 Exports of goods &services (XGS) ... . 229.1 259.8 233.8 211.8 208.6 215.7 of which workers remittances ... . 1.5 1.5 1.5 1.0 . Imports of goods &services (MGS) ... . 389.6 373.1 333.8 300.8 291 .0 296.0 Intemational reserves (RES) ..93.6 83.4 75.1 73.8 72.2 77.0 66.6 66.5 Cur-rent account balance ..-87.5 -34.3 -46.1 -23.0 . 4. DEBT INDICATORS EDT /XGS(% ... 102.7 101.8 112.5 133.0 141.8 126.9 EDT /GNP(% ... 50.5 56.4 54.4 57.9 61.4 55.1 TDS / XGS (% .. . 5.2 4.2 5.1 5.5 5.8 3.4 INT /XGS (%) ... . 1.8 1.7 1.2 1.2 1.5 1.0 IINTI/GNP(% ... 0.9 1.0 0.6 0.5 0.7 0.4 RES / EDT ()... 45.6 35.4 28.4 28.0 25.6 26.0 24.3 23.1 R-ES / MGS (months) ... . 2.6 2.4 2.7 2.9 3.2 2.7 Short-term /EDT (%) .. 18.9 24.4 6.8 12.6 3.1 4.6 4.2 5.6 5.3 Concessional /EDT (%) .. 45.6 74.0 92.2 86.6 96.1 94.8 94.0 92.1 91.4 Multilateral /EDT (%) .. 7.2 41.9 44.2 43.5 48.8 48.4 46.3 49.8 50.2 199 DJIBOUTI (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 5. L-ONG-TERJ%l DEBT DEBT OUTSTANDING (LDOD) 2.6 25.8 155.2 219.3 230.9 254.9 268.9 279.3 253.0 263.8 Public and publicly guaranteed 2.6 25.8 155.2 219.3 230.9 254.9 268.9 279.3 253.0 263.8 Official creditors 2.6 21.2 155.2 219.3 230.9 254.9 268.9 279.3 253.0 263.8 Multilateral 0.0 2.3 86.1 104.1 114.9 128.5 136.4 137.0 136.3 144.5 Concessional 0.0 1.0 83.0 101.8 113.0 126.6 134.7 135.7 135.4 143.8 Bilateral 2.6 18.9 69.2 115.3 116.1 126.4 132.5 142.2 116.7 119.3 Concessional 2.6 13.5 68.9 115.1 115.9 126.3 132.4 142.2 116.7 119.3 Private creditors 0.0 4.7 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 4.7 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Other private 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 0.0 0.0 31.1 36.0 39.6 42.8 46.2 45.7 46.1 49.5 DISBURSEMENTS 1.4 10.2 27.0 43.4 25.6 25.8 18.4 23.6 12.0 5.1 Public and publicly guaranteed 1.4 10.2 27.0 43.4 25.6 25.8 18.4 23.6 12.0 5.1 Official cred.itors 1.4 5.3 27.0 43.4 25.6 25.8 18.4 23.6 12.0 5.1 Multilateral 0.0 2.4 8.9 17.1 13.9 12.1 10.0 10.6 9.6 4.9 Concessional 0.0 1.0 8.9 17.1 13.9 12.1 10.0 10.6 9.6 4.9 Bilateral 1.4 2.9 18.0 26.3 11.7 13.8 8.4 13.1 2.4 0.2 Concessional 1.4 0.0 18.0 26.3 11.7 13.8 8.4 13.1 2.4 0.2 Private creditors 0.0 5.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 5.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Other private 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 0.0 0.0 2.5 3.2 3.5 1.3 2.8 1.4 3.3 2.0 PRINCIPAL REPAYMENTS 0.1 2.2 8.9 7.7 6.4 8.9 9.2 8.8 5.0 3.3 Public and publicly guaranteed 0.1 2.2 8.9 7.7 6.4 8.9 9.2 8.8 5.0 3.3 Official creditors 0.1 2.2 8.3 7.7 6.4 8.9 9.2 8.8 5.0 3.3 Multilateral 0.0 0.0 3.5 3.5 3.3 4.0 4.4 4.3 2.1 1.9 Concessional 0.0 0.0 3.3 3.3 3.0 3.8 4.1 4.1 1.8 1.7 Bilateral 0.1 2.2 4.8 4.1 3.2 4.9 4.8 4.4 2.9 1.4 Concessional 0.1 1.7 4.7 4.1 3.1 4.8 4.7 4.4 2.9 1.4 Private creditors 0.0 0.0 0.6 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 0.4 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Other private 0.0 0.0 0.2 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commuercial banks 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 0.0 0.0 0.0 0.0 0.1 0.1 0.3 0.3 0.3 0.4 NET FLOWS ON DEBT 1.3 8.0 18.0 35.8 19.1 16.9 9.2 14.9 6.9 1.8 Public and publicly guaranteed 1.3 8.0 18.0 35.8 19.1 16.9 9.2 14.9 6.9 1.8 Official creditors 1.3 3.0 18.6 35.8 19.1 16.9 9.2 14.9 6.9 1.8 Multilateral 0.0 2.4 5.4 13.6 10.6 8.0 5.6 6.2 7.5 3.0 Concessional 0.0 1.0 5.6 13.8 10.8 8.3 5.9 6.5 7.8 3.2 Bilateral 1.3 0.6 13.2 22.2 8.5 8.9 3.6 8.6 -0.6 -1.2 Concessional 1.3 -1.7 13.3 22.2 8.6 8.9 3.7 8.7 -0.6 -1.2 Private creditors 0.0 5.0 -0.6 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 5.0 -0.4 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Other private 0.0 0.0 -0.2 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 0.0 0.0 2.5 3.2 3.4 1.2 2.4 1.0 3.0 1.7 200 DJIBOUTI (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 INTEREST PAYMENTS (LINT) 0.0 0.9 2.1 2.4 2.1 1.8 2.0 2.7 1.5 1.5 Public and publicly guaranteed 0.0 0.9 2.1 2.4 2.1 1.8 2.0 2.7 1.5 1.5 Official creditors 0.0 0.9 2.1 2.4 2.1 1.8 2.0 2.7 1.5 1.5 Multilateral 0.0 0.0 1.3 1.3 1.3 1.0 0.9 1.6 1.0 1.1 Concessional 0.0 0.0 1.3 1.3 1.2 0.9 0.9 1.6 1.0 1.1 Bilateral 0.0 0.9 0.8 1.1 0.8 0.9 1.1 1.1 0.5 0.4 Concessional 0.0 0.7 0.7 1.0 0.8 0.9 1.1 1.1 0.5 0.4 Private creditors 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commnercial banks 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Other private 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 0.0 0.0 0.2 0.3 0.3 0.2 0.3 0.3 0.3 0.4 NET TRANSFERS ON DEBT 1.3 7.1 15.9 33.4 17.1 15.1 7.3 12.1 5.4 0.3 Public and publicly guaranteed 1.3 7.1 15.9 33.4 17.1 15.1 7.3 12.1 5.4 0.3 Official creditors 1.3 2.1 16.6 33.4 17.1 15.1 7.3 12.1 5.4 0.3 Multilateral 0.0 2.4 4.1 12.3 9.3 7.1 4.7 4.6 6.5 1.9 Concessional 0.0 1.0 4.3 12.5 9.6 7.4 5.0 4.9 6.8 2.1 Bilateral 1.3 -0.3 12.5 21.1 7.8 8.0 2.6 7.5 -1.1 -1.6 Concessional 1.3 -2.4 12.6 21.2 7.8 8.1 2.6 7.6 -1.1 -1.6 Private creditors 0.0 5.0 -0.6 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commnercial banks 0.0 5.0 -0.4 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Other private 0.0 0.0 -0.2 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IiBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 0.0 0.0 2.3 2.9 3.1 0.9 2.1 0.7 2.6 1.3 DEBT SERVICE (LTDS) 0.1 3.1 11.0 10.1 8.5 10.7 11.1 11.5 6.6 4.8 Public and publicly guaranteed 0.1 3.1 11.0 10.1 8.5 10.7 11.1 11.5 6.6 4.8 Official creditors 0.1 3.1 10.4 10.1 8.5 10.7 11.1 11.5 6.6 4.8 Multilateral 0.0 0.0 4.9 4.8 4.5 5.0 5.3 5.9 3.1 3.1 Concessional 0.0 0.0 4.6 4.6 4.3 4.7 5.0 5.6 2.8 2.8 Bilateral 0.1 3.1 5.5 5.2 4.0 5.7 5.9 5.6 3.5 1.7 Concessional 0.1 2.4 5.5 5.1 3.9 5.7 5.8 5.5 3.5 1.7 Private creditors 0.0 0.0 0.6 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 0.4 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Other private 0.0 0.0 0.2 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commnercial banks 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 0.0 0.0 0.2 0.3 0.4 0.4 0.7 0.7 0.7 0.8 UNDISBURSED DEBT 0.0 23.4 161.4 142.8 137.2 107.9 88.8 59.3 49.3 50.8 Official creditors 0.0 23.4 161.4 142.8 137.2 107.9 88.8 55.7 45.7 47.2 Private creditors 0.0 0.0 0.0 0.0 0.0 0.0 0.0 3.6 3.6 3.6 Memoranduni items Concessional LDOD 2.6 14.5 151.9 216.8 228.9 252.9 267.1 277.9 252.1 263.1 Variable rate LDOD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Public sector LDOD 2.6 25.8 155.2 219.3 230.9 254.9 268.9 279.3 253.0 263.8 Private sector LDOD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 6. CURRENCI COM%POSITION OF LONG-TERMN DEBT (PERC'ENT) Deutsche mark 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 French franc 100.0 91.0 3.1 2.8 3.2 3.6 3.5 3.1 2.8 3.0 Japanese yen 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Pound sterling 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Swiss franc 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 U.S.dollars 0.0 3.1 13.9 11.2 12.2 11.9 12.4 11.9 13.6 14.1 Multiple currency 0.0 0.8 16.8 17.8 20.8 23.6 23.5 21.9 22.9 23.1 Special drawing rights 0.0 0.4 8.9 6.9 6.5 6.5 6.3 5.8 5.9 5.8 All other currencies 0.0 4.7 57.3 61.3 57.3 54.4 54.3 57.3 54.8 54.0 201 DJIBOUTI (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 7. DEBT RESTRU'CTURINGS Total amount rescheduled ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Debt stock rescheduled ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal rescheduled ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Official ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Interest rescheduled ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Official ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Debt forgiven ... 0.0 0.0 0.0 0.0 0.0 0.0 16.1 0.0 Memo: interest forgiven ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Debt stock reduction ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 of which debt buyback ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 S. DEBT STOCK-FLOW RECONCILIATION Total change in debt stocks ... 26.8 9.5 29.0 -1.3 18.7 14.0 -22.1 14.1 Net flows on debt 1.3 9.0 20.8 30.2 35.6 -9.5 13.1 17.8 11.3 2.7 Net change in interest ar-rears ... 0.1 0.5 0.9 1.2 0.8 0.7 0.0 2.0 Interest capitalized ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Debt forgiveness or reduction ... 0.0 0.0 0.0 0.0 0.0 0.0 -16.1 0.0 Cross-currency valuation ... 4.3 -16.1 -6.6 3.1 3.2 0.1 -9.8 5.7 Residual ... 1.6 -5.1 -0.9 3.9 1.6 -4.6 -7.5 3.6 9. AVERAGE TERMTS OF N-EW COMMINTMIENTS ALL CREDITORS Interest (%) 3.3 2.1 0.7 1.2 1.4 0.0 0.0 6.9 0.8 0.8 Maturity (years) 19.5 18.0 39.7 39.6 37.0 20.7 0.0 8.2 30.3 47.6 Grace period (years) 1.0 7.4 10.2 10.0 7.7 4.5 0.0 3.4 4.1 10.4 Grant element (%) 38.0 55.0 80.5 76.1 70.1 66.6 0.0 12.8 66.9 82.7 Official creditors Interest (%) 3.3 1.0 0.7 1.2 1.4 0.0 0.0 6.9 0.8 0.8 Maturity (years) 19.5 20.1 39.7 39.6 37.0 20.7 0.0 8.4 30.3 47.6 Grace period (years) 1.0 8.5 10.2 10.0 7.7 4.5 0.0 3.7 4.1 10.4 Grant element (%) 38.0 64.5 80.5 76.1 70.1 66.6 0.0 14.1 66.9 82.7 Private creditors Interest (%) 0.0 7.5 0.0 0.0 0.0 0.0 0.0 7.0 0.0 0.0 Maturity (years) 0.0 7.5 0.0 0.0 0.0 0.0 0.0 7.9 0.0 0.0 Grace period (years) 0.0 2.0 0.0 0.0 0.0 0.0 0.0 3.0 0.0 0.0 Grant element (%) 0.0 8.2 0.0 0.0 0.0 0.0 0.0 11.3 0.0 0.0 Memorandum items Commitments 0.2 29.5 6.2 50.2 21.5 2.6 0.0 7.7 11.9 11.5 Official creditors 0.2 24.6 6.2 50.2 21.5 2.6 0.0 4.1 11.9 11.5 Private creditors 0.0 5.0 0.0 0.0 0.0 0.0 0.0 3.6 0.0 0.0 10. CONTRACTUAL OBLIGATIONS ON OLUTSTANDING LONG-TERM DEBTr 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 TOTAL Disbursements 14.0 14.2 9.3 6.5 3.7 1.8 1.1 0.2 0.0 0.0 Principal 13.0 13.3 12.9 14.1 13.9 12.3 12.4 12.0 11.2 10.8 Interest 3.4 3.3 3.2 3.0 2.8 2.5 2.3 2.1 2.0 1.8 Official creditors Disbursements 12.3 13.0 8.9 6.3 3.7 1.8 1.1 0.2 0.0 0.0 Principal 12.3 12.6 12.2 13.3 13.2 12.3 12.4 12.0 11.2 10.8 Interest 3.3 3.2 3.1 2.9 2.7 2.5 2.3 2.1 2.0 1.8 Bilateral creditors Disbursements 2.5 2.2 0.9 0.4 0.1 0.0 0.0 0.0 0.0 0.0 Principal 8.0 7.8 7.6 8.8 8.8 7.8 7.6 7.2 6.3 6.0 Interest 1.8 1.7 1.6 1.5 1.3 1.1 1.0 0.8 0.7 0.6 Multilateral creditors Disbursements 9.7 10.8 8.0 5.8 3.6 1.8 1.1 0.2 0.0 0.0 Principal 4.4 4.8 4.6 4.5 4.4 4.5 4.8 4.9 4.9 4.8 Interest 1.5 1.5 1.5 1.4 1.4 1.4 1.3 1.3 1.2 1.2 Private creditors Disbursements 1.7 1.2 0.5 0.2 0.0 0.0 0.0 0.0 0.0 0.0 Principal 0.7 0.7 0.7 0.7 0.7 0.0 0.0 0.0 0.0 0.0 Interest 0.1 0.1 0.1 0.1 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks Disbursements 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Interest 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Other private Disbursements 1.7 1.2 0.5 0.2 0.0 0.0 0.0 0.0 0.0 0.0 Principal 0.7 0.7 0.7 0.7 0.7 0.0 0.0 0.0 0.0 0.0 Interest 0.1 0.1 0.1 0.1 0.0 0.0 0.0 0.0 0.0 0.0 202 DOMINICA (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 I. SUMNMARY DEBOTDATA TOTAL DEBT STOCKS (EDT) ... 88.0 95.5 96.4 98.2 102.6 114.2 102.8 108.9 Long-term debt (LDOD) ... 80.2 88.6 92.4 88.7 94.1 97.8 90.6 90.9 Public and publicly guaranteed ... 80.2 88.6 92.4 88.7 94.1 97.8 90.6 90.9 Private nonguaranteed ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Use of IMF credit 0.0 0.0 5.7 3.8 3.1 2.5 1.7 0.8 0.3 0.0 Short-term debt ... 2.0 3.1 0.9 7.0 6.7 15.6 12.0 17.9 of which interest arrears on LDOD ... 0.0 0.1 0.0 0.0 0.2 0.4 0.0 0.0 Official creditors ... 0.0 0.1 0.0 0.0 0.2 0.4 0.0 0.0 Private creditors ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: principal arrears on LDOD ... 0.2 0.8 0.2 0.2 1.8 3.1 0.5 0.4 Official creditors . . 0.2 0.8 0.2 0.2 1.8 3.1 0.5 0.4 Private creditors ... 0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: export credits ... 8.0 6.0 6.0 6.0 6.0 6.0 66.0 5.0 TOTAL DEBT FLOWS Disbursements . . 11.5 8.8 6.3 4.5 8.1 7.4 2.8 5.4 Long-termndebt ... 11.5 8.8 6.3 4.5 8.1 7.4 2.8 5.4 IMF purchases 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal repayments . . 3.8 3.5 4.8 5.0 4.6 3.8 6.8 7.1 Long-term debt ... 2.5 2.7 4.1 4.2 3.8 3.0 6.2 6.8 IMFrepurchases 0.0 0.0 1.4 0.8 0.8 0.8 0.8 0.8 0.6 0.2 Net flows on debt . . 7.8 5.3 -0.6 5.6 3.0 12.3 -7.1 4.2 of which short-term debt ... 0.1 0.0 -2.1 6.1 -0.5 8.7 -3.2 5.8 Interest payments (INT) . . 2.0 2.2 2.3 2.4 2.5 3.0 3.9 3.3 Long-term debt ... 1.6 2.0 2.2 2.1 2.1 2.1 2.9 2.5 RAF charges 0.0 0.0 0.2 0.1 0.0 0.0 0.0 0.0 0.0 0.0 Short-term debt . . 0.1 0.2 0.1 0.2 0.4 0.9 1.0 0.7 Net transfers on debt . . 5.8 3.1 -2.9 3.2 0.5 9.3 -11.0 0.9 Total debt service paid (TDS) . . 5.8 5.7 7.1 7.4 7.1 6.8 10.7 10.3 Long-termn debt ... 4.1 4.7 6.2 6.4 5.8 5.1 9.1 9.4 IMF repurchases and charges 0.0 0.0 1.6 0.8 0.8 0.8 0.9 0.8 0.6 0.2 Short-termn debt (interest only) 0.1 0.2 0.1 0.2 0.4 0.9 1.0 0.7 2. AGGREGATE NET RFSOURCE FLOWS AND NET TRANSFERS (LONG-TERMl) NET RESOURCE F'LOWS . . 25.1 32.6 20.5 34.3 52.8 46.0 23.2 43.7 Net flow of long-termn debt (ex. IMY ... 9.0 6.1 2.2 0.3 4.3 4.4 -3.4 -1.4 Foreign direct investment (net) ... 13.0 21.0 13.0 22.0 25.0 19.0 20.0 21.0 Portfolio equity flows ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Grants (excluding technical coop.) ... 3.1 5.5 5.3 12.0 23.5 22.6 6.6 24.1 Memo: technical coop. grants ... 3.1 2.5 2.2 4.0 3.6 4.8 4.1 5.0 official net resource flows . . 12.2 11.6 7.5 12.3 27.8 27.0 3.2 22.7 private net resource flows . . 12.9 21.0 13.0 22.0 25.0 19.0 20.0 21.0 NET TRANSFERS . . 18.0 24.3 12.8 26.2 43.7 37.9 12.3 32.7 Interest on long-termndebt ... 1.6 2.0 2.2 2.1 2.1 2.1 2.9 2.5 Profit remiittances on FDI ... 5.5 6.3 5.5 6.0 7.0 6.0 8.0 8.5 Memo: official net transfers ... 10.6 9.6 5.3 10.2 25.7 24.9 0.3 20.2 private net transfers . . 7.4 14.7 7.5 16.0 18.0 13.0 12.0 12.5 _3. NMAJOR ECONOMI_C AGGREGATE.S Gross national product (GNP) ... 161.4 184.4 194.0 204.4 209.3 217.7 225.8 234.1 Exports of goods &services (XGS) ... 102.8 110.4 109.1 114.2 114.1 128.0 141.4 152.9 of which workers remuttances ... 9.4 8.2 9.6 10.3 10.8 11.1 10.8 11.1 Iimports of goods &services (MGS) ... 142.9 135.1 131.7 149.4 160.9 167.0 176.1 170.4 Intemational reserves (RES) ... 14.5 20.4 19.9 15.4 22.1 22.9 23.9 27.7 Current ac-count balance ... -43.5 -25.4 -23.4 -38.4 -49.8 -39.9 -35.2 -18.3 4. DEBT INDICATORS EDT /XGS ()... 85.6 86.5 88.3 86.0 89.9 89.3 72.7 71.2 EDT /GNP ()... 54.5 51.8 49.7 48.0 49.0 52.5 45.5 46.5 TDS / XGS (). . 5.6 5.2 6.5 6.5 6.2 5.3 7.6 6.7 INT /XGS(% ... 1.9 2.0 2.1 2.1 2.2 2.3 2.8 2.2 INT /GNP(% ... 1.2 1.2 1.2 1.2 1.2 1.4 1.7 1.4 RES /EDT(% ... 16.4 21.4 20.7 15.7 21.6 20.1 23.2 25.4 RES /MGS (months) ... 1.2 1.8 1.8 1.2 1.7 1.7 1.6 2.0 Short-tern/ EDT (%) . . 2.3 3.3 0.9 7.1 6.5 13.7 11.7 16.4 Concessional / EDT ()... 87.3 86.1 88.2 82.8 82.5 77.0 80.0 75.8 Multilateral /EDT (%) ... 65.7 64.6 64.3 58.5 60.7 55.0 58.4 55.9 203 DOMINICA (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 5. LONG-TERM DEBT DEBT OUTSTANDING (LDOD) ... 80.2 88.6 92.4 88.7 94.1 97.8 90.6 90.9 Public and publicly guaranteed ... 80.2 88.6 92.4 88.7 94.1 97.8 90.6 90.9 Official creditors ... 80.2 88.6 92.4 88.7 94.1 97.8 90.6 90.9 Multilateral ... 57.8 61.7 62.0 57.4 62.3 62.8 60.0 60.9 Concessional ... 54.4 55.3 54.6 50.0 52.8 52.9 51.6 52.5 Bilateral ... 22.4 26.9 30.4 31.3 31.8 35.0 30.6 30.0 Concessional ... 22.4 26.9 30.4 31.3 31.8 35.0 30.6 30.0 Private creditors ... 0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks ... 0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Other private ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private nonguaranteed ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.4 IDA 0.0 0.0 10.4 11.0 11.1 11.8 12.2 11.7 12.3 14.3 DISBURSEMENTS ... 11.5 8.8 6.3 4.5 8.1 7.4 2.8 5.4 Public and publicly guaranteed . . 11.5 8.8 6.3 4.5 8.1 7.4 2.8 5.4 Official creditors ... 11.5 8.8 6.3 4.5 8.1 7.4 2.8 5.4 Multilateral ... 8.3 3.2 3.8 2.0 3.5 4.1 2.8 3.5 Concessional ... 6.7 1.6 2.2 1.5 2.7 3.2 2.8 3.1 Bilateral ... 3.2 5.6 2.5 2.5 4.6 3.3 0.0 2.0 Concessional ... 3.2 5.6 2.5 2.5 4.6 3.3 0.0 2.0 Private creditors ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Other private ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private nonguaranteed . . 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.4 IDA 0.0 0.0 0.9 0.4 0.1 0.3 0.1 0.0 1.4 1.6 PRINCIPAL REPAYMENTS . . 2.5 2.7 4.1 4.2 3.8 3.0 6.2 6.8 Public and publicly guaranteed . . 2.5 2.7 4.1 4.2 3.8 3.0 6.2 6.8 Official creditors ... 2.4 2.7 4.1 4.2 3.8 3.0 6.2 6.8 Multilateral ... 2.1 2.3 2.6 2.8 2.2 2.4 3.4 3.8 Concessional ... 2.1 2.3 2.4 2.5 1.9 2.1 2.8 3.1 Bilateral ... 0.3 0.4 1.4 1.5 1.6 0.7 2.8 3.0 Concessional ... 0.3 0.4 1.4 1.5 1.6 0.7 2.8 3.0 Private creditors ... 0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks ... 0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Other private ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private nonguaranteed . . 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Comimercial banks ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 0.0 0.0 0.0 0.0 0.1 0.1 0.1 0.1 0.1 0.1 NET FLOWS ON DEBT . . 9.0 6.1 2.2 0.3 4.3 4.4 -3.4 -1.4 Public and publicly guaranteed . . 9.0 6.1 2.2 0.3 4.3 4.4 -3.4 -1.4 Official creditors ... 9.1 6.1 2.2 0.3 4.3 4.4 -3.4 -1.4 Multilateral ... 6.3 0.9 1.2 -0.8 1.3 1.8 -0.6 -0.3 Concessional ... 4.6 -0.7 -0.2 -1.0 0.8 1.0 0.1 0.0 Bilateral ... 2.9 5.2 1.1 1.1 3.0 2.6 -2.8 -1.1 Concessional ... 2.9 5.2 1.1 1.1 3.0 2.6 -2.8 -1.1 Private creditors ... -0. 1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks ... -0. 1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Other private ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private nonguaranteed . . 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commnercial banks ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.4 IDA 0.0 0.0 0.9 0.4 0.0 0.2 0.0 -0. 1 1.3 1.5 204 DOMINICA (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 INTEREST PAYMENTS (LINT) ... 1.6 2.0 2.2 2.1 2.1 2.1 2.9 2.5 Public and publicly guaranteed ... 1.6 2.0 2.2 2.1 2.1 2.1 2.9 2.5 Official creditors ... 1.6 2.0 2.2 2.1 2.1 2.1 2.9 2.5 Multilateral ... 1.4 1.6 1.7 1.6 1.6 1.4 1.7 1.5 Concessional ... 1.3 1.4 1.4 1.3 1.3 1.2 1.2 1.2 Bilateral ... 0.2 0.4 0.4 0.5 0.4 0.6 1.2 1.0 Concessional ... 0.2 0.4 0.4 0.5 0.4 0.6 1.2 1.0 Private creditors ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Other private ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private nonguaranteed ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 0.0 0.0 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 NET TRANSFERS ON DEBT . . 7.4 4.1 0.1 -1.8 2.3 2.3 -6.3 -3.9 Public and publicly guaranteed . . 7.4 4.1 0.1 -1.8 2.3 2.3 -6.3 -3.9 Official creditors ... 7.5 4.1 0.1 -1.8 2.3 2.3 -6.3 -3.9 Multilateral ... 4.9 -0.7 -0.6 -2.4 -0.3 0.3 -2.2 -1.9 Concessional ... 3.3 -2.1 -1.6 -2.3 -0.5 -0. 1 -1.1 -1.2 Bilateral ... 2.6 4.8 0.7 0.6 2.6 2.0 -4.1 -2.1 Concessional ... 2.6 4.8 0.7 0.6 2.6 2.0 -4.1 -2.1 Private creditors ... -0. 1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commnercial banks ... -0. 1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Other private ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private nonguaranteed . . 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commnercial banks ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.4 IDA 0.0 0.0 0.8 0.3 -0. 1 0.2 -0. 1 -0. 1 1.2 1.4 DEBT SERVICE (LTDS) . . 4.1 4.7 6.2 6.4 5.8 5.1 9.1 9.4 Public and publicly guaranteed . . 4.1 4.7 6.2 6.4 5.8 5.1 9.1 9.4 Official creditors ... 4.0 4.7 6.2 6.4 5.8 5.1 9.1 9.4 Multilateral ... 3.4 3.9 4.4 4.4 3.8 3.8 5.1 5.4 Concessional ... 3.4 3.7 3.8 3.8 3.2 3.3 4.0 4.3 Bilateral ... 0.6 0.8 1.8 2.0 2.0 1.3 4.1 4.0 Concessional ... 0.6 0.8 1.8 2.0 2.0 1.3 4.1 4.0 Private creditors ... 0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Comimercial banks ... 0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Other private ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private nonguaranteed . . 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: ]IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 0.0 0.0 0.1 0.1 0.1 0.1 0.2 0.1 0.2 0.2 UNDISBURSED DEBT . . 23.0 20.2 22.4 16.2 24.0 35.1 35.8 37.0 Official creditors ... 23.0 20.2 22.4 16.2 24.0 35.1 35.8 37.0 Private creditors ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memorandum itemis ConcessionaliLDOD ... 76.8 82.2 85.0 81.3 84.6 87.9 82.2 82.5 Variable rate LDOD ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.4 Public sector LDOD ... 80.2 88.6 92.4 88.7 94.1 97.8 90.6 90.9 Private sector LDOD ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 6. CURRENC"t U)NIPOSITION OF LONG- TERNI DEBT IPERCENTI Deutsche mark ... 8.7 6.3 5.2 5.4 3.5 2.8 2.3 2.1 French franc ... 9.7 11.2 14.9 16.9 11.4 9.9 8.6 8.4 Japanese yen ... 0.2 0.2 0.1 0.1 1.1 0.9 0.8 0.8 Pound sterling ... 16.4 15.0 14.0 14.8 13.5 13.9 12.3 9.8 Swiss franc ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 U.S.dollars . . 51.7 54.1 53.3 49.3 58.0 60.2 64.8 67.7 Multiple currency ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.4 Special drawing rights ... 6.0 5.6 5.3 5.8 4.4 3.9 3.8 3.6 All other currencies . 7.3 7.6 7.2 7.7 8.1 8.4 7.4 7.2 205 DOMINICA (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 7. DEBT RESTRLC'CTL' RINGS Total amount rescheduled ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Debt stock rescheduled ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal rescheduled ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Official ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Interest rescheduled ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Official ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Debt forgiven ... 3.3 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memno: interest forgiven ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Debt stock reduction ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 of which debt buyback ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 8. DEB r STOCK-FLO%% RECONCILIATION Total change in debt stocks ... 10.5 -0. 1 0.8 1.8 4.4 11.7 -11.4 6.0 Net flows on debt ... 7.8 5.3 -0.6 5.6 3.0 12.3 -7.1 4.2 Net change in interest arrears ... 0.0 0.1 -0. 1 0.0 0.2 0.2 -0.4 0.0 Interest capitalized ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Debt forgiveness or reduction .. -3.3 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Cross-currency valuation ... 5.5 -4.3 -2.0 3.7 1.7 -0. 1 -2.6 1.3 Residual ... 0.4 -1.1 3.6 -7.6 -0.5 -0.7 -1.3 0.5 9. AVERAGE TERAMS OF NEW~ COMMITMENTS ALL CREDITORS Interest (%) ... 3.0 3.0 3.7 0.0 2.6 2.7 0.5 3.6 Maturity (years) ... 25.1 23.6 20.3 0.0 26.4 26.2 19.5 25.0 Grace period (years) ... 8.5 7.0 12.8 0.0 8.8 8.1 4.0 6.9 Grant element (%) ... 53.8 49.5 48.5 0.0 56.5 56.3 60.8 49.1 Official creditors Interest (%) ... 3.0 3.0 3.7 0.0 2.6 2.7 0.5 3.6 Maturity (years) ... 25.1 23.6 20.3 0.0 26.4 26.2 19.5 25.0 Grace period (years) ... 8.5 7.0 12.8 0.0 8.8 8.1 4.0 6.9 Grant element (%) ... 53.8 49.5 48.5 0.0 56.5 56.3 60.8 49.1 Private creditors Interest (%) ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Maturity (years) ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Grace period (years) ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Grant element (%) ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memorandum items Commnitments ... 3.4 9.4 8.8 0.0 5.1 18.8 4.1 6.2 Official creditors ... 3.4 9.4 8.8 0.0 5.1 18.8 4.1 6.2 Private creditors ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 10. CONT RACTUIAL OBLIGATIONS ON OLITST XNDI NG LONG-TERAI DEBT 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 TOTAL Disbursements 8.7 10.2 7.8 4.9 2.6 1.5 0.9 0.3 0.2 0.0 Principal 6.1 6.2 6.3 6.3 6.2 6.3 6.4 6.2 7.0 6.7 Interest 2.2 2.3 2.3 2.3 2.2 2.0 1.8 1.7 1.5 1.3 Official creditors Disbursements 8.7 10.2 7.8 4.9 2.6 1.5 0.9 0.3 0.2 0.0 Principal 6.1 6.2 6.3 6.3 6.2 6.3 6.4 6.2 7.0 6.7 Interest 2.2 2.3 2.3 2.3 2.2 2.0 1.8 1.7 1.5 1.3 Bilateral creditors Disbursements 1.3 1.5 1.0 0.6 0.4 0.2 0.1 0.1 0.0 0.0 Principal 1.7 1.7 1.9 1.9 1.9 2.0 2.2 2.2 2.9 2.6 Interest 0.7 0.7 0.7 0.6 0.6 0.6 0.5 0.5 0.4 0.4 Multilateral creditors Disbursements 7.4 8.7 6.8 4.3 2.2 1.3 0.8 0.2 0.2 0.0 Principal 4.4 4.4 4.4 4.4 4.3 4.3 4.2 4.0 4.1 4.0 Interest 1.5 1.6 1.7 1.7 1.6 1.5 1.3 1.2 1.1 1.0 Private creditors Disbursements 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Interest 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks Disbursements 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Interest 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Other private Disbursements 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Interest 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 206 DOMINICAN REPUBLIC (US$ million, uinless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 1. SUM NIARYt'DEBT DATA TOTAL DEBT STOCKS (EDT) 2,002 4,372 4,613 4,860 4,275 4,448 4,332 4,246 4,451 Long-term debt (LDOD) 353 1,473 3,518 3,803 3,842 3,655 3,672 3,529 3,467 3,530 Public and publicly guaranteed 212 1,220 3,420 3,737 3,792 3,619 3,653 3,524 3,467 3,530 Private nonguaranteed 141 254 99 66 5 1 35 19 5 0 0 Use of IMF credit 7 49 72 123 186 190 160 96 29 56 Short-term debt -- 480 782 687 832 431 616 708 750 865 of which interest arrears onLDOD ..7 506 343 533 173 215 241 135 122 Official creditors 3 304 62 63 119 157 177 76 56 Private creditors 4 202 281 470 54 58 64 59 66 Memo: principal arrears on LDOD 13 614 479 593 302 320 293 273 286 Official creditors 4 444 168 236 256 261 242 228 230 Private creditors 8 169 310 357 46 59 5 1 46 56 Memo: export credits 0 967 691 875 950 762 730 697 844 TOTAL DEBT FLOWS Disbursements 60 482 139 207 203 123 195 133 106 188 Long-termn debt 60 482 139 154 129 123 195 133 106 134 IMF purchases 0 0 0 53 74 0 0 0 0 54 Principal repayments 32 200 146 197 178 294 234 250 259 181 Long-term debt 27 135 88 182 168 286 200 190 196 153 IMF repurchases 5 65 58 15 10 8 34 60 62 29 Net flows on debt 28 438 15 80 -20 -212 105 -52 -4 134 of which short-term debt 156 23 70 -45 -41 143 65 148 128 Interest payments (INT) 179 86 149 146 210 175 198 202 193 Long-termndebt 1 3 121 59 126 118 183 145 163 174 159 IMFEcharges 0 5 9 6 8 10 10 7 3 1 Short-termndebt .. 54 1 9 1 6 2 1 1 7 20 28 25 34 Net transfers on debt -- 259 -71 -69 -166 -422 -70 -250 -207 -59 Total debt service paid (TDS) -- 379 232 346 324 504 409 448 461 375 Long-term debt 39 256 147 309 286 469 345 354 370 311 EMF repurchases and charges 5 69 67 2 1 1 8 1 8 44 66 66 30 Short-term debt (interest only) .. 54 19 1 6 2 1 1 7 20 28 25 34 2. AGG REGATE N ET RESOU)RCE FLOWS AND NET TRANSFERS i LONG-TERAI NET RESOURCE FLOWS 114 454 213 174 193 83 450 93 381 807 Net flow of long-term debt (ex. IMF) 33 346 5 1 -28 -39 -163 -5 -57 -90 -19 Foreign direct investment (net) 72 93 133 180 189 207 414 97 421 691 Portfolio equity flows 0 0 0 0 0 0 0 0 0 74 Grants (excluding technical coop.) 9 14 29 23 44 39 40 54 50 6 1 Memo: technical coop. grants 5 1 6 44 53 5 1 46 5 1 49 48 42 official net resource flows 39 304 83 14 33 -9 66 24 -43 36 privateniet resource flows 75 150 130 161 161 92 384 69 424 771 NET TRANSFERS 102 267 64 -51 -33 -129 270 -108 163 600 Interest on long-term debt 1 3 121 59 126 118 183 145 163 174 159 Profit remiittances on FDI 0 66 90 99 108 29 35 38 44 48 Memo: official net transfers 35 278 28 -89 -73 -113 -54 -97 -171 -83 private net transfers 66 -11 36 38 40 -16 324 -12 334 683 3. MIAJOR ECONOMIC AGGREGATES Gross national product (GNP) 1,476 6,420 6,715 8,437 8,922 9,792 11,180 12,606 14,280 14,955 Exports of goods & services (XGS) 284 1,496 2,233 2,312 5,572 6,098 6,653 7,237 8,290 8,976 of which workers remiittances 25 183 315 347 721 757 794 914 1,089 1,326 Imports of goods & services (MGS) 392 2,237 2,568 3,105 6,279 6,608 7,034 7,703 8,716 9,972 Intemnational reserves (RES) 32 279 69 506 658 259 373 357 396 507 Cuffent account balance -102 -720 -280 -708 -533 -283 -183 -213 -163 -336 4I. DEBT INDICATORS EDT /XGS (% . 133.8 195.8 199.5 87.2 70.1 66.9 59.9 51.2 49.6 EDT /GNP(% . 31.2 65.1 54.7 54.5 43.7 39.8 34.4 29.7 29.8 TDS / XGS (% . 25.3 10.4 15.0 5.8 8.3 6.2 6.2 5.6 4.2 INT / XGS (%) .. 12.0 3.9 6.4 2.6 3.4 2.6 2.7 2.4 2.2 INT /GNP(% . 2.8 1.3 1.8 1.6 2.1 1.6 1.6 1.4 1.3 RES /EDT(% . 13.9 1.6 11.0 13.5 6.1 8.4 8.2 9.3 11.4 RES I MGS (months) 1.0 1.5 0.3 2.0 1.3 0.5 0.6 0.6 0.6 0.6 Short-termn/ EDT (%) .. 24.0 17.9 14.9 17.1 10.1 13.9 16.3 17.7 19.4 Concessional / EDT (%) .. 20.1 27.5 40.5 41.0 39.1 37.6 37.5 36.6 34.6 Multilateral /EDT (%) .. 10.2 19.6 18.8 18.3 21.9 23.2 23.4 22.7 22.7 207 DOMIMCAN REPUBLIC (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 5. LONG-TERNI DEBT DEBT OUTSTANDING (LDOD) 353 1,473 3,518 3,803 3,842 3,655 3,672 3,529 3,467 3,530 Public and publicly guaranteed 212 1,220 3,420 3,737 3,792 3,619 3,653 3,524 3,467 3,530 Official creditors 202 786 2,383 2,750 2,853 2,948 2,996 2,890 2,833 2,887 Multilateral 14 205 858 869 888 936 1,034 1,014 965 1,008 Concessional 0 138 432 411 408 413 438 454 454 465 Bilateral 188 581 1,525 1,881 1,965 2,012 1,962 1,876 1,867 1,879 Concessional 167 264 772 1,459 1,587 1,259 1,233 1,169 1,100 1,075 Private creditors 10 434 1,036 986 939 672 657 634 634 644 Bonds 0 0 0 0 0 520 520 520 518 514 Comimercial banks 0 386 775 791 796 27 34 37 58 71 Other private 9 48 262 195 143 125 104 77 58 59 Private nonguaranteed 141 254 99 66 51 35 19 5 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commnercial banks 141 254 99 66 51 35 19 5 0 0 Memo: IBRD 11 66 238 255 261 276 283 244 209 204 IDA 0 18 20 19 19 18 17 17 16 15 DISBURSEMENTS 60 482 139 154 129 123 195 133 106 134 Public and publicly guaranteed 38 415 139 154 129 123 195 133 106 134 Official creditors 36 319 136 135 119 114 187 118 77 114 Multilateral 11 90 84 58 70 81 157 95 61 84 Concessional 0 51 21 2 16 22 44 36 26 26 Bilateral 25 229 53 77 50 33 31 24 16 31 Concessional 24 42 20 25 23 7 18 10 6 14 Private creditors 2 96 2 19 9 9 8 15 29 20 Bonds 0 0 0 0 0 0 0 0 0 0 Comimercial banks 0 72 0 18 7 8 8 15 29 18 Other private 2 24 2 1 2 2 0 0 0 2 Private nonguaranteed 22 67 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 22 67 0 0 0 0 0 0 0 0 Memo: IBRD 11 39 39 35 26 33 36 18 13 17 IDA 0 0 0 0 0 0 0 0 0 0 PRINCIPAL REPAYMENTS 27 135 88 182 168 286 200 190 196 153 Public and publicly guaranteed 7 62 83 166 152 271 184 176 191 153 Official creditors 6 30 83 145 130 162 161 148 171 139 Multilateral 0 3 38 57 58 70 79 70 67 59 Concessional 0 0 6 15 17 18 20 19 21 17 Bilateral 6 27 44 88 73 92 82 78 104 80 Concessional 3 9 8 15 27 51 47 50 57 41 Private creditors 1 32 0 21 22 109 23 29 20 14 Bonds 0 0 0 0 0 0 0 0 2 4 Comimercial banks 0 30 0 2 3 79 3 9 5 4 Other private 1 2 0 19 19 30 20 19 14 6 Private nonguaranteed 20 74 5 17 16 15 16 14 5 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 20 74 5 17 16 15 16 14 5 0 Memo: IBRD 0 2 19 25 25 36 40 37 29 24 IDA 0 0 0 0 1 1 1 1 1 1 NET FLOWS ON DEBT 33 346 51 -28 -39 -163 -5 -57 -90 -19 Public and publicly guaranteed 31 353 56 -12 -23 -148 11 -43 -85 -19 Official creditors 30 289 54 -9 -11 -48 26 -29 -94 -25 Multilateral 11 87 46 1 12 11 78 25 -6 24 Concessional 0 51 15 -13 -2 5 24 17 5 9 Bilateral 19 202 8 -10 -23 -59 -52 -54 -87 -49 Concessional 22 33 11 1 1 -3 -44 -29 -40 -51 -28 Private creditors 1 64 2 -2 -12 -100 -15 -14 8 6 Bonds 0 0 0 0 0 0 0 0 -2 -4 Commercial banks 0 42 0 15 5 -72 5 5 24 14 Other private 1 22 2 -18 -17 -28 -20 -19 -14 -4 Private nonguaranteed 2 -7 -5 -17 -16 -15 -16 -14 -5 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commrercial banks 2 -7 -5 -17 -16 -15 -16 -14 -5 0 Memo: IBRD 1 1 37 20 10 1 -3 -4 -19 -15 -6 IDA 0 0 0 0 -1 -1 -1 -1 -1 -1 208 DOMINICAN REPUBLIC (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 INTEREST PAYMENTS (LINT) 13 121 59 126 118 183 145 163 174 159 Public and publicly guaranteed 4 92 56 120 113 179 143 162 174 159 Official creditor-s 4 26 55 103 105 104 120 121 128 119 Multilateral 1 5 32 44 45 47 51 51 47 45 Concessional 0 1 4 9 9 9 10 9 9 8 Bilateral 4 21 24 58 60 57 69 70 81 74 Concessional 2 6 7 41 50 35 53 48 53 42 Private creditors 0 66 1 1 8 8 75 23 41 46 40 Bonds 0 0 0 0 0 5 13 34 35 35 Commercial banks 0 64 0 2 2 63 3 4 10 4 Other private 0 3 1 16 6 7 7 3 1 1 Private notiguaranteed 8 29 3 6 5 4 2 1 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 8 29 3 6 5 4 2 1 0 0 Memo: IBRD 0 3 14 19 20 20 21 19 16 14 IDA 0 0 0 0 0 0 0 0 0 0 NET TRANSFERS ON DEBT 21 226 -9 -155 -157 -346 -150 -221 -265 -178 Public and publicly guaranteed 27 261 0 -132 -137 -327 -132 -206 -259 -178 Official creditors 26 264 -1 -112 -116 -153 -94 -150 -221 -144 Multilateral 10 83 14 -44 -33 -36 27 -26 -53 -21 Concessional 0 50 11 -22 -10 -4 14 8 -4 0 Bilateral 16 181 -15 -69 -83 -116 -121 -124 -169 -123 Concessional 20 27 4 -30 -53 -80 -82 -87 -104 -69 Private creditors 1 -3 1 -20 -21 -175 -38 -56 -38 -34 Bonds 0 0 0 0 0 -5 -13 -34 -37 -39 Commercial banks 0 -22 0 1 3 3 -135 2 1 14 10 Other private 1 20 1 -33 -24 -35 -27 -22 -15 - Private nonguaranteed -6 -35 -8 -23 -20 -19 -18 -15 -6 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks -6 -35 -8 -23 -20 -19 -18 -15 -6 0 Memo: IBRD 10 34 6 -9 -19 -23 -25 -38 -31 -20 IDA 0 0 0 -1 -1 -1 -1 -1 -1 -1 DEBT SERVICE (LTDS) 39 256 147 309 286 469 345 354 370 311 Public and publicly guaranteed 12 154 139 286 265 450 327 338 365 311 Official creditors 10 56 138 247 236 266 281 268 299 258 Multilateral 1 7 70 101 102 118 130 121 114 105 Concessional 0 1 10 24 26 26 30 28 30 26 Bilateral 10 48 68 146 133 149 151 148 185 154 Concessional 4 15 15 56 77 86 100 98 109 83 Private creditors 1 98 1 39 30 184 46 70 66 53 Bonds 0 0 0 0 0 5 13 34 37 39 Commnercial banks 0 94 0 4 4 143 6 14 15 8 Other private 1 4 1 35 26 36 27 22 1 5 6 Private nonguaranteed 28 102 8 23 20 19 18 15 6 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 28 102 8 23 20 19 18 15 6 0 Memo: IBRD 0 5 33 44 45 56 60 56 44 38 IDA 0 0 0 1 1 1 1 1 1 1 UNDISBURSED DEBT 64 632 510 451 412 523 492 461 564 1,124 Official creditors 42 537 483 423 394 509 480 439 530 865 Private creditors 22 94 27 28 18 14 12 22 34 259 Memorandum items Concessional LDOD 167 402 1,203 1,870 1,994 1,672 1,671 1,622 1,554 1,539 Variable rate LDOD 141 695 1,104 1,646 1,813 1,204 1,273 1,272 1,228 1,291 Public sector LDOD 197 1,185 3.391 3,705 3,762 3,591 3,626 3,499 3,444 3,503 Private sector LDOD 156 289 128 97 80 63 46 30 23 22 6. CURRENC' CONtPOSIT!ONOFL-ONG-TEZNI DEBT PERCENTi Deutsche mark 0.0 0.6 2.0 1.4 0.9 2.2 2.2 2.0 1.7 1.8 French franc 0.0 0.0 0.5 0.2 0.4 1.2 1.5 1.4 1.2 1.2 Japanese yen 0.0 0.0 6.4 5.3 4.3 8.4 7.7 6.7 5.7 6.1 Pound sterling 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Swiss franc 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 U.S.dollars 93.5 81.8 68.4 71.9 72.9 64.3 63.7 65.0 67.5 71.2 Multiple currency 6.6 11.5 21.8 20.4 20.8 23.2 24.2 24.0 23.1 18.5 Special drawing rights 0.0 0.0 0.2 0.1 0.1 0.1 0.2 0.3 0.3 0.3 All other currencies 0.0 6.1 0.7 0.7 0.6 0.6 0.5 0.6 0.5 0.9 DOMINICAN REPUBLIC20 (US$ million, unless otherwise inidicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 19(R 7. DEB r RLESTRU'CT URINGS Total amount rescheduled ..8 91 162 520 2 22 130 60 Debt stock rescheduled 0 0 0 506 0 0 0 0 Principal rescheduled 1 67 104 6 1 14 20 30 Official ..1 54 56 0 1 14 20 30 Private ...0 13 49 6 0 0 0 0 Interest rescheduled 2 23 57 3 0 7 110 30 Official 2 19 11 0 0 7 110 30 Private 0 5 46 3 0 0 0 0 Debt forgiven ..7 6 1 0 0 3 0 0 Memo: interest forgiven 0 0 0 180 0 4 0 0 Debt stock reduction 0 0 0 291 0 0 0 0 of which debt buyback 0 0 0 68 0 0 0 0 8. D)EBT STOCK-FLOW~ RECONCILLA [ION Total change in debt stocks ..334 122 247 -585 173 -116 -86 206 Net flows on debt 28 438 1 5 80 -20 -212 105 -52 -4 134 Net change in interest arrears ... 267 55 190 -360 42 26 -106 -13 Interest capitalized ...2 23 57 3 0 7 110 30 Debt forgiveness or reduction ... -7 -6 - 1 -223 0 -3 0 0 Cross-cur-rency valuation ... 39 -21 12 60 4 -65 -59 37 Residual ... 17 -9 9 146 22 -31 -27 18 9..%%ER-AGE TE~RiNS OF NE%%~ CONINMITMdEN rS ALL CREDITORS Interest (%) 2.4 8.9 5.9 7.3 4.0 3.7 6.6 5.5 7.4 7.0 Maturity (years) 28.4 12.3 24.4 17.0 22.6 28.0 19.4 16.4 19.8 17.6 Grace period (years) 4.8 4.0 6.4 4.1 5.7 8.0 5.1 4.4 4.3 3.5 Grant element (%) 53.4 10.2 31.2 14.4 41.2 49.6 20.7 26.7 15.6 16.7 Official creditors Interest (%) 2.4 7.5 5.8 7.3 3.9 3.6 6.6 5.1 7.5 6.8 Maturity (years) 28.4 12.8 24.8 17.0 22.7 28.2 19.8 18.3 21.5 22.3 Grace period (years) 4.8 4.3 6.4 4.1 5.7 8.0 5.2 5.0 5.0 4.1 Grant element (%) 53.4 17.5 31.9 14.4 41.4 50.3 21.2 30.9 16.2 20.1 Private creditors Interest (%) 0.0 11.8 9.8 0.0 10.7 9.1 8.4 7.1 6.8 7.2 Maturity (years) 0.0 11.3 9.1 0.0 11.1 8.9 9.5 8.5 12.3 9.1 Grace period (years) 0.0 3.4 4.6 0.0 1.6 1.7 2.0 1.8 1.4 2.6 Grant element (%) 0.0 -3.9 -0.2 0.0 -4.0 1.4 5.8 9.9 12.8 10.5 Memorandum items Commitments 20 519 204 130 101 229 167 126 233 688 Official creditors 20 342 199 130 101 226 161 101 192 443 Private creditors 0 176 5 0 1 3 6 25 41 246 1 0. CONTRAC-11' A L OB[ IG. ATIONS OJN O' [ST 4ND.I NG [-ONC,-TERM~ DEBT wovA''~ ~ ' 2"' 'i jjJ ',. ctt 01 .21IJ. TOTAL Disbursements 322 307 215 140 63 37 20 6 4 3 Principal 322 317 358 373 350 315 305 274 221 163 Interest 187 190 187 174 156 139 123 105 90 76 Official creditors Disbursements 186 228 184 126 63 37 20 6 4 3 Principal 256 281 309 317 296 263 254 235 185 127 Interest 140 142 138 127 114 101 88 74 61 50 Bilateral creditors Disbursements 46 38 23 1 3 8 4 2 1 1 0 Principal 185 206 214 218 191 154 145 138 87 40 Interest 84 78 69 56 45 35 27 20 1 2 7 Multilateral creditors Disbursements 139 191 162 113 55 34 1 8 6 3 2 Principal 70 75 95 99 104 109 108 97 97 86 Interest 57 64 69 71 69 66 60 54 49 43 Private creditors Disbursements 136 79 3 1 1 4 0 0 0 0 0 0 Principal 66 36 49 57 55 53 5 1 39 37 36 Interest 47 49 49 46 43 39 35 32 29 26 Commercial banks Disbursements 119 79 3 1 14 0 0 0 0 0 0 Principal 29 189 32 40 38 36 34 22 20 1 9 Interest 1 3 17 1 8 17 14 1 1 8 6 5 3 Other private Disbursements 17 0 0 0 0 0 0 0 0 0 Principal 37 17 17 17 17 17 17 1 7 17 17 Interest 34 32 3 1 30 29 28 27 25 24 23 210 ECUADOR (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 1. SUJMMARY DEBT DATA TOTAL DEBT STOCKS (EDT) 5,997 12,109 12,280 14,150 15,075 13,994 14,495 14,918 15,140 Long-term debt (LDOD) 242 4,422 10,030 9,932 10,216 10,777 12,508 12,764 12,716 12,799 Public and publicly guaranteed 193 3,300 9,867 9,831 9,975 10,552 12,068 12,444 12,376 12,589 Private nonguaranteed 49 1,122 164 100 241 224 440 320 340 210 Use of IMF credit 14 0 265 100 71 198 174 145 133 70 Short-term debt 1,575 1,814 2,249 3,864 4,100 1,312 1,586 2,069 2,272 of which interest ar-rears on LDOD 0 1,522 2,045 2,330 2,349 13 77 84 84 Official creditors ..0 10 21 88 3 8 61 75 76 Private creditors ..0 1,513 2,024 2,242 2,347 5 1 6 9 9 Memo: principal arrears on LDOD 1 1,097 2,207 2,875 3,428 1 0 178 251 282 Official creditors 0 6 15 45 6 8 121 192 203 Private creditors 1 1,091 2,192 2,830 3,422 2 5 8 59 79 Memo: export credits 0 2,090 1,949 1,841 1,726 1,130 1,349 1,197 1,308 TOTAL DEBT FLOWS Disbursements 58 1,283 638 352 666 666 1,049 1,090 1,328 714 Long-term debt 48 1,283 606 352 666 524 1,049 1,090 1,328 714 RIMFpurchases 10 0 32 0 0 142 0 0 0 0 Principal repayments 33 535 611 561 517 509 750 646 1,069 840 Long-termn debt 26 535 496 483 488 487 721 623 1,066 773 IMFrepurchases 7 0 115 77 29 2 1 29 23 3 67 Net flows on debt 131 1,174 -1 -306 1,479 375 -152 653 735 76 of which short-termndebt 426 -28 -97 1,330 218 -451 210 475 202 Interest payments (INT) 473 474 420 404 492 667 675 823 866 Long-term debt 1 0 365 416 376 302 401 576 576 715 756 RMF charges 0 0 30 1 1 7 3 10 7 6 5 Short-termn debt .. 108 28 33 95 88 8 1 92 101 104 Net transfers on debt .. 701 -475 -726 1,076 -117 -819 -22 -88 -790 Total debt service paid (TDS) .. 1,008 1,084 981 921 1,000 1,417 1,321 1,891 1,706 Long-term debt 36 900 911 859 790 888 1,297 1,199 1,781 1,529 1IMF1 repurchases and charges 7 0 145 89 36 25 39 30 9 72 Short-termn debt (interest only) .. 108 28 33 95 88 8 1 92 101 104 2.A..GGREGATE NET R-ESOUiRCE FLO%%S AND N-ET TRANSFERS kLONG-TERNI) NET RESOURCE F'LOWS 113 825 289 129 679 617 868 1,014 1,008 838 Net flow of long-term debt (ex. IMF) 21 748 110 -132 178 37 328 466 262 -59 Foreign direct investment (net) 89 70 126 178 469 531 470 491 695 831 Portfolio equity flows 0 0 0 0 0 4 1 1 0 0 Grants (excluding technical coop.) 3 7 53 83 32 46 69 55 50 66 Memo: technical coop. grants 9 28 67 79 84 91 110 98 85 82 official net resource flows 13 231 106 155 114 113 327 167 61 254 private net resource flows 101 594 183 -26 566 504 541 847 947 584 NET TRANSFERS 84 349 -252 -377 231 67 140 278 123 -98 Interest on long-terindebt 10 365 416 376 302 401 576 576 715 756 Profit remittances on FDI 19 III 125 130 147 150 152 160 170 180 Memo: official net transfers 8 142 -106 -87 -112 -139 -2 -104 -259 -22 private net transfers 76 207 -145 -290 343 205 142 382 381 -75 3. NIAJOR ECONONMIC AGGREGATEFS Gross national product (GNP) 1,642 11,152 9,867 12,049 13,732 15,327 16,677 17,736 18,241 18,360 Exports of goods &services (XGS) .. 2,975 3,287 3,753 3,746 4,640 5,347 6,189 6,631 5,933 of which workers remiittances ..0 0 0 0 0 0 358 438 840 Imports of goods & services (MGS) .. 3,647 3,754 3,995 4,554 5,466 6,313 6,010 7,297 8,038 Intemnational reserves (RES) 76 1,257 1,009 1,016 1,542 2,003 1,788 2,011 2,213 1,739 Cuffent account balance .. -642 -360 -122 -678 -681 -735 ill -713 -2,169 4. DEBT INDICATORS EDT /XGS(% . 201.6 368.4 327.2 377.8 324.9 261.7 234.2 225.0 255.2 EDT /GNP(% . 53.8 122.7 101.9 103.1 98.4 83.9 81.7 81.8 82.5 TDS / XGS (% . 33.9 33.0 26.1 24.6 21.6 26.5 21.4 28.5 28.8 INT /XGS(% . 15.9 14.4 11.2 10.8 10.6 12.5 10.9 12.4 14.6 INT /GNP(% . 4.2 4.8 3.5 2.9 3.2 4.0 3.8 4.5 4.7 RES /EDT(% . 21.0 8.3 8.3 10.9 13.3 12.8 13.9 14.8 11.5 RES / MGS (months) .. 4.1 3.2 3.1 4.1 4.4 3.4 4.0 3.6 2.6 Short-term /EDT (%) .. 26.3 15.0 18.3 27.3 27.2 9.4 10.9 13.9 15.0 Concessional /EDT (% . 4.8 7.6 10.7 10.4 11.1 12.9 12.9 12.0 12.8 Multilateral /EDT (%) .. 5.4 17.6 18.4 16.8 17.1 21.6 20.3 19.3 20.9 211 ECUADOR (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 5. L.ONG,-TERM" DEBT DEBT OUTSTANDING (LDOD) 242 4,422 10,030 9,932 10,216 10,777 12,508 12,764 12,716 12,799 Public and publicly guaranteed 193 3,300 9,867 9,831 9,975 10,552 12,068 12,444 12,376 12,589 Official creditors 133 1,325 4,065 4,399 4,570 4,934 5,281 5,149 4,905 5,234 Multilateral 51 323 2,127 2,253 2,371 2,580 3,019 2,944 2,872 3,164 Concessional 10 102 451 513 581 601 647 654 639 634 Bilateral 83 1,002 1,938 2,146 2,199 2,354 2,261 2,206 2,033 2,070 Concessional 75 188 469 797 887 1,068 1,159 1,215 1,145 1,300 Private creditors 60 1,976 5,802 5,432 5,405 5,618 6,787 7,294 7,471 7,355 Bonds 3 55 0 0 0 191 5,999 6,013 5,834 5,825 Comimercial banks 4 1,697 4,885 4,763 4,831 4,959 453 942 1,317 1,262 Other private 53 223 917 669 574 469 335 339 320 268 Private nonguaranteed 49 1,122 164 100 241 224 440 320 340 210 Bonds 0 0 0 0 0 0 10 10 0 0 Commercial banks 49 1,122 164 100 241 224 430 310 340 210 Memo: IBRD 34 109 816 783 759 830 1,082 980 851 854 IDA 6 36 32 30 29 28 27 25 24 23 DISBURSEMENTS 48 1,283 606 352 666 524 1,049 1,090 1,328 714 Public and publicly guaranteed 41 968 575 352 500 524 839 1,090 1,248 714 Official creditors 17 348 329 321 359 377 744 478 414 614 Multilateral 5 91 227 218 269 310 602 317 355 463 Concessional 2 11 24 35 82 39 62 34 15 16 Bilateral 12 257 101 103 90 67 142 161 59 151 Concessional 9 4 31 97 74 66 128 135 46 146 Private creditors 25 620 247 30 142 147 95 612 834 100 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 2 497 39 16 136 131 75 546 793 100 Other private 22 122 207 14 6 1 6 21 66 41 0 Private nonguaranteed 7 315 30 0 166 0 210 0 80 0 Bonds 0 0 0 0 0 0 10 00 0 Commercial banks 7 315 30 0 166 0 200 0 80 0 Memo: IBRD 2 34 47 63 52 112 319 89 45 85 IDA 2 0 0 0 0 0 0 0 0 0 PRINCIPAL REPAYMENTS 26 535 496 483 488 487 721 623 1,066 773 Public and publicly guaranteed 16 272 471 441 463 471 711 493 1,006 643 Official creditors 7 125 276 250 277 310 486 366 404 426 Multilateral 3 16 164 155 193 225 235 234 288 220 Concessional 1 0 8 13 15 20 23 25 26 22 Bilateral 4 108 112 95 85 85 252 132 116 206 Concessional 3 8 2 10 16 18 46 36 45 53 Private creditors 8 147 195 192 186 160 225 127 602 217 Bonds 0 14 0 0 0 0 10 10 126 10 Commercial banks 3 110 27 76 86 62 60 56 417 155 Other private 6 23 167 116 100 99 155 62 59 53 Private nonguaranteed 11 263 25 42 25 17 10 130 60 130 Bonds 0 0 0 0 0 0 0 0 10 0 Commercial banks 11 263 25 42 25 17 10 130 50 130 Memo: IBRD 2 10 42 74 93 94 98 119 101 79 IDA 0 0 1 1 1 1 1 1 1 1 NET FLOWS ON DEBT 21 748 110 -132 178 37 328 466 262 -59 Public and publicly guaranteed 26 696 105 -90 37 54 128 596 242 71 Official creditors 9 224 53 72 82 67 258 112 10 188 Multilateral 1 75 64 63 77 85 368 83 67 243 Concessional 1 11 16 22 67 19 39 9 -11 -7 Bilateral 8 149 -11 9 5 -18 -110 29 -57 -55 Concessional 6 -4 28 87 59 49 82 99 1 93 Private creditors 16 473 52 -161 -44 -14 -130 485 232 -117 Bonds 0 -14 0 0 0 0 -10 -10 -126 -10 Commercial banks 0 387 12 -59 50 69 14 490 375 -55 Other private 17 99 40 -102 -94 -83 -135 4 -18 -53 Private nonguaranteed -4 52 5 -42 141 -17 200 -130 20 -130 Bonds 0 0 0 0 0 0 10 0 -10 0 Commercial banks -4 52 5 -42 141 -17 190 -130 30 -130 Memo: I7BRD 0 24 5 -11 -41 18 221 -30 -56 6 IDA 2 0 -1 -1 -1 -1 -1 -1 -1 -1 212 ECUADOR (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 INTEREST PAYMENTS (LINT) 10 365 416 376 302 401 576 576 715 756 Public and publicly guaranteed 7 288 404 371 299 399 574 572 711 755 Official creditors 4 89 212 242 226 252 328 271 319 277 Multilateral 3 19 140 151 159 157 171 191 221 179 Concessional 0 1 8 10 10 12 13 12 14 12 Bilateral 2 71 72 91 67 94 157 80 99 98 Concessional 1 5 8 20 19 28 47 33 39 45 Private creditors 2 199 192 130 73 148 246 301 392 478 Bonds 0 6 0 0 0 0 147 241 250 349 Commercial banks 1 184 132 87 34 121 56 43 114 ill Otber private 2 8 60 43 39 27 44 17 28 18 Private nonguaranteed 3 78 12 5 2 2 1 4 4 1 Bonds 0 0 0 0 0 0 0 1 1 0 Commercial banks 3 78 12 5 2 2 1 3 3 1 Memo: IBRD 2 9 62 63 67 59 69 75 69 51 IDA 0 0 0 0 0 0 0 0 0 0 NET TRANSFERS ON DEBT 11 383 -306 -508 -124 -364 -248 -109 -453 -815 Public and publicly guaranteed 19 408 -299 -461 -262 -345 -447 25 -469 -684 Official creditors 5 134 -160 -170 -145 -184 -71 -159 -309 -89 Multilateral -1 56 -77 -88 -82 -72 197 -108 -154 65 Concessional 1 9 8 13 56 7 26 -3 -25 -18 Bilateral 6 78 -83 -82 -63 -112 -268 -51 -155 -153 Concessional 5 -9 21 66 39 21 35 66 -38 48 Private creditors 14 274 -140 -291 -117 -161 -376 184 -160 -595 Bonds 0 -20 0 0 0 0 -157 -250 -375 -359 Commercial banks -1 203 -120 -146 16 -52 -41 446 261 -166 Other private 15 91 -20 -145 -133 -110 -178 -12 -46 -71 Private nonguaranteed -8 -26 -7 -47 138 -18 199 -134 16 -131 Bonds 0 0 0 0 0 0 10 -1 -11 0 Commercial banks -8 -26 -7 -47 138 -18 189 -133 27 -131 Memo: IBRD -2 16 -56 -74 -108 -41 152 -105 -125 -45 IDA 2 0 -1 -1 -1 -1 -1 -1 -1 -1 DEBT SERVICE (LTDS) 36 900 911 859 790 888 1,297 1,199 1,781 1,529 Public and publicly guaranteed 22 559 875 812 762 870 1,286 1,065 1,717 1,398 Official creditors 12 214 488 491 504 562 815 638 723 703 Multilateral 6 35 304 306 352 383 406 425 509 399 Concessional 1 2 16 22 25 32 36 37 40 34 Bilateral 6 179 184 186 152 179 409 213 214 304 Concessional 4 13 10 30 35 46 93 69 84 97 Private creditors 11 346 386 321 259 308 471 428 994 695 Bonds 0 20 0 0 0 0 157 250 375 359 Commercial banks 3 294 159 163 120 182 116 99 532 266 Other private 8 31 227 159 139 126 199 78 87 71 Private nonguaranteed 14 341 37 47 27 18 11 134 64 131 Bonds 0 0 0 0 0 0 0 1 11 0 Commercial banks 14 341 37 47 27 18 11 133 53 131 Memo: IBRD 4 19 103 137 160 153 167 194 170 130 IDA 0 0 1 1 1 1 1 1 1 1 UNDISBURSED DEBT 142 1,039 1,648 1,937 1,697 2,017 2,253 2,118 1,903 1,886 Official creditors 60 695 1,535 1,714 1,444 1,809 1,772 1,535 1,596 1,558 Private creditors 82 345 114 223 253 208 482 583 307 328 Memorandum items Concessional LDOD 85 290 920 1,309 1,467 1,669 1,806 1,868 1,785 1,934 Variable rate LDOD 49 2,766 6,246 6,051 6,202 6,653 6,542 6,755 6,875 7,033 Public sector LDOD 193 3,300 9,867 9,831 9,975 10,552 12,068 12,444 12,376 12,589 Private sector LDOD 49 1,122 164 100 241 224 440 320 340 210 6. CL'RRENCI' CONIPOSrrFION OiF LONG-TERAI DEBT 4PERCENTi Deutsche mark 4.7 1.7 2.8 2.6 2.4 2.5 1.1 1.0 0.8 0.8 French franc 2.0 0.0 1.5 2.4 2.3 2.6 2.3 2.1 1.8 1.8 Japanese yen 0.0 2.7 6.9 7.9 8.8 9.6 5.0 4.4 3.8 4.9 Pound sterling 0.8 1.1 1.6 1.3 1.3 1.3 0.7 0.7 0.7 0.6 Swiss franc 0.2 0.7 0.5 0.5 0.4 0.2 0.0 0.0 0.0 0.0 U.S.dollars 71.4 64.2 54.5 53.5 53.4 53.6 70.5 73.9 77.0 82.8 Multiple currency 19.8 28.1 29.7 29.7 29.3 28.1 19.6 17.1 15.1 8.3 Special drawing rigbts 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 All other currencies 1.1 1.5 2.5 2.1 2.1 2.1 0.8 0.8 0.8 0.8 213 ECUADOR (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 7. DEBT RESTIRL'CTLURINGS Total amount rescheduled 249 362 37 533 5,818 29 62 0 Debt stock rescheduled ..16 0 0 0 3,350 0 0 0 Principal rescheduled 152 210 8 300 0 0 0 0 Official .. 110 151 8 276 0 0 0 0 Private .. 42 60 0 24 0 0 0 0 Interest rescheduled .. 81 143 6 117 1,757 25 62 0 Official ... 61 117 6 115 0 0 0 0 Private ..19 26 0 3 1,757 25 62 0 Debt forgiven ...1 2 0 0 0 1 0 0 Memo: interest forgiven ...0 0 0 0 0 0 0 0 Debt stock reduction ... 45 50 0 10 1,183 1 200 0 of which debt buyback ...0 0 0 0 0 0 85 0 8. DEBr STOCK-FLOW~ RECONCILIATION Total change in debt stocks ... 792 -188 1,871 925 -1,082 502 423 222 Net flows on debt 131 1,174 -1 -306 1,479 375 -152 653 735 76 Net change in interest arrears ... 451 153 285 19 -2,337 64 7 1 Interest capitalized ... 81 143 6 117 1,757 25 62 0 Debt forgiveness or reduction ... -46 -52 0 -10 -1,183 -2 -115 0 Cross-currency valuation ... 209 -111 53 237 25 -180 -185 102 Residual ... 98 -16 47 187 809 -59 -80 43 9. AVEILAGE TERMS OF NEI% COMMITMENTS ALL CREDITORS Interest (%) 6.2 10.7 6.4 6.9 5.7 6.0 6.4 5.8 8.5 7.0 Maturity (years) 20.0 14.9 17.4 18.6 13.8 20.7 15.8 11.0 12.5 14.4 Grace period (years) 3.9 3.8 4.2 4.9 3.8 5.4 5.5 3.3 5.0 3.9 Grant element (%) 24.0 -0.9 24.2 18.8 22.7 27.2 21.9 19.1 10.0 16.2 OMfcial creditors Interest (%) 4.3 8.6 5.2 6.7 5.3 5.9 5.6 4.6 6.8 7.0 Maturity (years) 35.8 22.1 22.2 21.3 19.3 21.9 18.0 26.0 17.6 15.9 Grace period (years) 8.0 4.4 6.0 5.4 5.1 5.8 6.7 7.7 4.9 4.1 Grant element (%) 48.8 11.4 35.2 21.4 30.2 29.0 28.4 41.5 20.5 17.2 Private creditors Interest (%) 7.3 12.7 8.6 7.4 6.0 6.8 8.1 6.3 10.6 7.0 Maturity (years) 10.2 7.9 8.7 9.8 8.4 10.6 11.0 4.8 6.3 10.1 Grace period (years) 1.3 3.2 1.0 3.0 2.4 2.5 2.9 1.4 5.1 3.3 Grant element (%) 8.4 -12.7 4.0 10.6 15.3 13.5 7.9 9.8 -2.6 13.3 Memorandum items Commiitments 78 1,148 643 765 312 924 1,165 1,024 1,278 780 Official creditors 30 564 415 582 153 820 797 301 700 581 Private creditors 48 584 228 183 159 104 369 723 578 199 10. CONTRACTUAL OBLIGA [IONS ON OU'TSTANDING LONG-TERNI DEBT 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 TOTAL Disbursements 777 500 279 161 85 39 24 11 7 3 Principal 755 778 673 1,020 678 801 697 736 702 594 Interest 788 776 749 693 632 581 532 485 438 395 Official creditors Disbursements 578 406 253 151 85 39 24 1 1 7 3 Principal 417 436 486 489 518 506 484 433 408 320 Interest 320 317 303 280 251 220 188 159 132 108 Bilateral creditors Disbursements 146 95 58 3 1 1 8 5 4 1 0 0 Principal 163 141 127 123 158 158 160 150 131 109 Interest 91 85 79 74 67 58 49 40 32 26 Multilateral creditors Disbursements 432 311 195 119 67 34 20 10 7 3 Principal 254 296 360 365 360 348 324 283 277 210 Interest 229 232 224 206 185 162 139 118 100 82 Private creditors Disbursements 198 94 26 10 0 0 0 0 0 0 Principal 338 342 187 531 160 295 213 303 294 274 Interest 468 459 446 413 381 361 344 326 306 287 Commercial banks Disbursements 188 94 26 10 0 0 0 0 0 0 Principal 179 184 145 482 ill 248 77 47 38 33 Interest 118 113 104 74 45 29 1 5 9 7 4 Other private Disbursements 1 1 0 0 0 0 0 0 0 0 0 Principal 159 158 42 49 49 48 136 256 256 242 Interest 350 346 342 339 335 332 329 316 300 283 214 EGYPT, ARAB REPUBLIC OF (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 1. SUMNMNARI DEBT DATA TOTAL DEBT STOCKS (EDT) .. 19,131 32,947 31,067 30,509 32,314 33,266 31,300 29,850 31,964 Long-term debt (LDOD) 1,351 14,693 28,372 28,348 28,303 30,190 30,792 28,937 26,858 27,704 Public and publicly guaranteed 1,351 14,428 27,372 27,748 27,803 29,815 30,479 28,810 26,804 27,670 Private nonguaranteed 0 265 1,000 600 500 375 313 127 54 34 Use of IMF credit 49 411 125 202 202 193 103 16 0 0 Short-term debt 4,027 4,450 2,516 2,003 1,931 2,371 2,347 2,991 4,260 of which interest arrears on LDOD 383 1,438 1 1 1 3 2 3 1 Official creditors ., 383 873 1 1 1 2 1 2 0 Private creditors ..0 565 1 1 1 1 1 1 1 Memo: principal arrears on LDOD 74 3,507 5 5 5 133 139 149 142 Official creditors ., 74 1,775 0 0 0 128 133 142 134 Private creditors .,0 1,733 5 5 5 5 6 7 8 Memo: export credits 0 14,578 11,478 10,918 10,237 8,933 9,561 8,096 8,947 TOTAL DEBT FLOWS Disbursements 188 2,743 1,997 1,470 1,145 1,047 519 583 765 459 Long-termn debt 170 2,680 1,997 1,348 1,145 1,047 519 583 765 459 llMF purchases 1 8 63 0 123 0 0 0 0 0 0 Principal repayments 234 446 1,743 1,478 965 945 996 1,105 941 912 Long-termn debt 225 343 1,696 1,437 965 923 901 1,020 926 912 IMF repurchases 9 103 47 41 0 22 95 85 15 0 Net flowvs on debt 351 2,465 -1,248 -591 -333 31 -39 -546 467 818 of which short-ter-mdebt 168 -1,502 -583 -513 -72 438 -24 644 1,271 Interest payments (INT) -- 790 1,328 1,223 1,216 1,295 1,384 1,178 986 901 Long-term debt 37 350 1,012 1,040 1,041 1,155 1,243 1,041 724 674 IMF charges 0 1 8 1 5 14 1 2 10 9 3 0 0 Short-term debt 422 301 168 164 130 132 133 262 227 Net transfers on debt -- 1,676 -2,576 -1,813 -1,549 -1,265 -1,422 -1,724 -519 -83 Total debt service paid (TDS) -- 1,235 3,071 2,701 2,181 2,240 2,379 2,283 1,928 1,813 Long-term debt 261 693 2,708 2,477 2,005 2,078 2,143 2,061 1,650 1,586 IMFrepurchases and charges 9 121 62 55 1 2 32 105 88 1 5 0 Short-term debt (interest only) .. 422 301 168 164 130 132 133 262 227 2.AGGREGATE NET RESOUIRCE FLOWS.-ND NET TRANSFERS iLONG-TERNI i NET RESOURCE FLOWS 99 3,051 5,236 2,798 1,556 2,581 1,225 2,655 3,528 2,458 Net flow of long-term debt (ex. IMIF -54 2,337 301 -89 180 124 -381 -437 -161 -453 Foreign direct investment (net) 0 548 734 459 493 1,256 598 636 891 1,076 Portfolio equity flows 0 0 0 0 0 10 2 1,233 1,813 494 Grants (excluding technical coop.) 153 165 4,201 2,428 883 1,192 1,006 1,224 985 1,341 Memo: technical coop. grants 14 156 813 827 975 594 744 635 570 470 official net resource flows 129 1,918 4,538 2,877 1,469 1,600 939 1,206 933 1,073 private net resource flows -30 1,133 698 -80 87 981 286 1,450 2,595 1,385 NET TRANSFERS 62 2,687 4,211 1,743 503 1,406 -41 1,564 2,724 1,664 Interest on long-term debt 37 350 1,012 1,040 1,041 1.155 1,243 1,041 724 674 Profit remittances on FDI 0 15 14 14 13 20 23 50 80 120 Memo: official net transfers 99 1,697 3,807 2,028 595 584 -172 261 278 463 private net transfers -37 990 403 -284 -93 823 131 1,303 2,446 1,201 3. NIAJOR ECONONUC AGGREGAT-ES Gross national product (GNP) 7,618 21,453 42,065 40,137 45,370 51,028 59,724 67,527 76,178 85,580 Exports of goods &services (XGS) 991 9,212 13,670 16,944 19,426 15,029 17,792 18,043 19,842 19,101 of which workers remittances 29 2,696 3,743 3,722 5,939 3,232 3,279 2,798 3,256 3,518 Imports of goods & services (MGS) 1,447 9,745 15,398 14,231 15,923 15,651 18,325 18,951 20,613 22,748 International reserves (RES) 165 2,480 3,620 11,620 13,854 14,413 17,122 18,296 19,371 18,824 Current account balance -452 -438 -634 3,753 4,856 191 386 -184 119 -2,762 4. DEBT INDICATORS EDT / XGS (% . 207.7 241.0 183.4 157.1 215.0 187.0 173.5 150.4 167.3 EDT /GNP(% . 89.2 78.3 77.4 67.2 63.3 55.7 46.4 39.2 37.4 TDS /XGS(% . 13.4 22.5 15.9 11.2 14.9 13.4 12.7 9.7 9.5 INT / XGS (% . 8.6 9.7 7.2 6.3 8.6 7.8 6.5 5.0 4.7 INT /GNP(% . 3.7 3.2 3.1 2.7 2.5 2.3 1.7 1.3 1.1 RES /EDT% .. 13.0 11.0 37.4 45.4 44.6 51.5 58.5 64.9 58.9 RES /MGS (months) 1.4 3.1 2.8 9.8 10.4 11.1 11.2 11.6 11.3 9.9 Short-term /EDT (%) .. 21.1 13.5 8.1 6.6 6.0 7.1 7.5 10.0 13.3 Concessional /EDT(% . 42.4 38.0 55.2 59.0 60.4 61.0 76.8 75.7 73.4 Multilateral /EDT (%) .. 13.7 10.4 10.6 11.8 12.1 11.9 12.6 13.0 13.1 215 EGYPT, ARAIB REPUBLIC OF (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 .5. LONG-TERM DEBT DEBT OUTSTANDING (LDOD) 1,351 14,693 28,372 28,348 28,303 30,190 30,792 28,937 26,858 27,704 Public and publicly guaranteed 1,351 14,428 27,372 27,748 27,803 29,815 30,479 28,810 26,804 27,670 Official creditors 1,189 12,623 21,188 24,676 25,445 27,733 28,794 27,517 25,728 26,751 Multilateral 22 2,625 3,427 3,300 3,603 3,912 3,974 3,933 3,892 4,195 Concessional 0 1,885 1,297 1,285 1,373 1,486 1,612 1,798 1,970 2,167 Bilateral 1,167 9,997 17,761 21,377 21,842 23,821 24,821 23,585 21,836 22,555 Concessional 864 6,231 11,223 15,866 16,624 18,045 18,673 22,233 20,615 21,304 Private creditors 162 1,805 6.184 3,071 2.359 2,082 1.685 1,293 1,076 919 Bonds 0 132 0 0 0 0 0 0 0 0 Commercial banks 36 257 624 713 575 553 516 437 520 453 Other private 126 1,416 5,560 2,358 1,784 1,529 1,169 856 557 466 Private nonguaranteed 0 265 1,000 600 500 375 313 127 54 34 Bonds 0 0 0 0 0 0 0 0 0 0 Comimercial banks 0 265 1,000 600 500 375 313 127 54 34 Memo: IBRD 22 421 1,480 1,381 1,357 1,411 1,320 1,075 869 847 IDA 0 307 921 904 912 961 1,035 1,090 1,206 1,268 DISBURSEMENTS 170 2,680 1,997 1,348 1,145 1,047 519 583 765 459 Public and publicly guaranteed 170 2,554 1,946 1,328 1,125 987 519 583 765 447 Official creditors 137 1,904 1,224 961 976 785 479 551 577 437 Multilateral 0 242 274 479 537 460 276 341 449 280 Concessional 0 53 57 118 107 126 149 198 244 192 Bilateral 137 1,662 950 482 438 325 203 210 129 157 Concessional 53 1,011 664 407 427 311 189 210 128 157 Private creditors 33 650 722 367 149 203 41 32 188 10 Bonds 0 30 0 0 0 0 0 0 0 0 Commercial banks 0 8 170 47 25 77 31 17 187 9 Other private 33 613 552 319 124 126 1 0 15 1 0 Private nonguaraknteed 0 126 51 20 20 60 0 0 0 12 Bonds 0 0 0 0 0 0 0 0 0 0 Comimercial banks 0 126 51 20 20 60 0 0 0 12 Memo: IBRD 0 169 92 237 144 149 42 26 103 48 IDA 0 41 8 8 19 50 83 82 157 57 PRINCIPAL REPAYMENTS 225 343 1,696 1,437 965 923 901 1,020 926 912 Public and publicly guaranteed 225 297 1,564 1,167 845 738 839 834 853 881 Official creditors 162 151 887 512 390 376 546 568 630 705 Multilateral 6 1 8 283 331 285 288 311 297 349 290 Concessional 0 0 55 63 24 25 30 34 38 52 Bilateral 156 134 604 181 105 88 235 271 280 415 Concessional 92 119 216 37 32 43 122 189 245 381 Private creditors 63 145 677 655 455 362 293 266 224 175 Bonds 0 4 1 0 0 0 0 0 0 0 Cormmercial banks 0 65 34 179 167 119 74 85 86 84 Other private 63 76 643 476 288 243 219 181 138 91 Private nonguaranteed 0 46 132 270 120 185 62 186 73 32 Bonds 0 0 0 0 0 0 0 0 0 0 Commiercial banks 0 46 132 270 120 185 62 186 73 32 Memo: IBRD 6 7 176 187 189 191 198 178 225 115 IDA 0 0 7 11 12 12 14 15 16 1 8 NET FLOWS ON DEBT -54 2,337 301 -89 180 124 -381 -437 -161 -453 Public and publicly guaranteed -54 2,257 382 161 280 249 -319 -251 -88 -434 Official creditors -24 1,753 337 449 586 409 -67 -18 -52 -268 Multilateral -6 224 -10 148 253 172 -36 43 99 -10 Concessional 0 53 2 55 83 101 119 164 206 140 Bilateral -19 1,529 346 301 333 237 -32 -61 -152 -258 Concessional -39 892 449 370 395 268 67 21 -117 -224 Private creditors -30 505 45 -289 -306 -160 -252 -234 -36 -166 Bonds 0 26 -1 0 0 0 0 0 0 0 Commuercial banks 0 -58 136 -132 -142 -42 -43 -68 101 -75 Other private -30 537 -91 -157 -164 -117 -210 -166 -137 -91 Private nonguaranteed 0 80 -81 -250 -100 -125 -62 -186 -73 -20 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 80 -81 -250 -100 -125 -62 -186 -73 -20 Memo: IBRD -6 162 -84 50 -45 -42 -156 -152 -123 -67 IDA 0 41 1 -3 8 38 69 67 141 39 216 EGYPT, ARAB REPUBLIC OF (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 INTEREST PAYMENTS (LINT) 37 350 1,012 1,040 1,041 1,155 1,243 1,041 724 674 Public and publicly guaranteed 37 327 922 1,000 999 1,120 1,219 1,029 716 667 Official creditors 30 221 731 850 873 1,017 1,111 945 655 610 Multilateral 2 40 185 178 189 205 214 191 172 168 Concessional 0 7 14 15 17 19 22 25 27 31 Bilateral 28 181 546 671 684 812 897 754 482 442 Concessional 18 146 198 380 404 451 549 523 383 350 Private creditors 7 106 192 150 125 103 107 85 62 57 Bonds 0 11 0 0 0 0 0 0 0 0 Commercial banks 0 36 45 48 32 31 40 32 25 29 Other private 7 59 146 102 93 73 68 53 37 28 Private nonguaranteed 0 23 89 41 42 35 24 12 8 7 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 23 89 41 42 35 24 12 8 7 Memo: IBRD 2 29 138 115 115 114 114 94 72 56 IDA 0 2 7 7 7 7 7 8 8 9 NET TRAiNSFERS ON DEBT -91 1,988 -711 -1,130 -861 -1,031 -1,624 -1,479 -885 -1,127 Public and publicly guaranteed -91 1,931 -541 -839 -719 -871 -1,538 -1,281 -805 -1,101 Official creditors -54 1,532 -394 -400 -288 -608 -1,178 -962 -707 -878 Multilateral -7 184 -195 -30 63 -33 -250 -147 -73 -178 Concessional 0 46 -12 40 66 82 97 139 179 109 Bilateral -47 1,348 -200 -370 -351 -575 -929 -815 -634 -700 Concessional -57 746 251 -10 -9 -183 -482 -502 -500 -574 Privateecreditors -37 399 -147 -439 -431 -263 -360 -319 -98 -223 Bonds 0 15 -1 0 0 0 0 0 0 0 Commercial banks 0 -94 91 -180 -174 -73 -82 -100 77 -104 Other private -37 478 -237 -259 -257 -190 -277 -218 -174 -119 Private nonguaranteed 0 57 -170 -291 -142 -160 -86 -198 -81 -26 Bonds 0 0 0 0 0 0 0 0 0 0 Commnercial banks 0 57 -170 -291 -142 -160 -86 -198 -81 -26 Memo: IBRD -7 133 -222 -65 -160 -157 -270 -246 -195 -123 IDA 0 39 -6 -10 1 31 62 59 133 30 DEBT SERVICE (LTDS) 261 693 2,708 2,477 2,005 2,078 2,143 2,061 1,650 1,586 Public and publicly guaranteed 261 624 2,487 2,166 1,843 1,858 2,057 1,863 1,570 1,548 Official creditors 192 372 1,618 1,361 1,263 1,392 1,657 1,513 1,284 1,316 Multilateral 7 58 468 509 474 493 525 488 522 458 Concessional 0 7 69 78 41 45 52 60 65 83 Bilateral 184 315 1,150 852 790 900 1,132 1,025 763 857 Concessional 110 265 413 416 436 494 670 712 628 731 Private creditors 70 251 869 805 580 466 400 351 285 232 Bonds 0 1 5 1 0 0 0 0 0 0 0 Commercial banks 0 101 79 227 199 150 113 117 110 113 Other private 70 135 789 578 381 316 287 233 175 119 Private nonguaranteed 0 69 221 311 162 220 86 198 81 38 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 69 221 311 162 220 86 198 81 38 Memo: IBRD 7 36 314 302 304 306 312 272 297 170 IDA 0 3 14 18 19 19 21 23 24 26 UNDISBURSED DEBT 315 4,999 4,517 4,811 4,119 3,551 3,077 2,385 1,771 1,478 Official creditors 282 4,162 3,279 4,333 3,746 3,349 2,923 2,279 1,675 1,414 Private creditors 33 837 1,237 478 373 203 154 106 95 64 Memorandum items Concessional LDOD 864 8,115 12,520 17,151 17,996 19,531 20,285 24,031 22,585 23,471 Variable rate LDOD 0 663 4,399 1,971 1,719 1,673 1,564 1,278 1,298 1,244 Public sector LDOD 1,351 14,427 27,352 27,739 27,793 29,807 30,477 28,808 26,803 27,668 Private sector LDOD 0 266 1,021 609 510 383 316 129 56 36 6. CUJRRENCI'COM]POSITION OF LONG-TERNI DEBTf iPERCENT, Deutsche niark 10.1 4.8 12.4 10.5 9.8 10.5 11.2 11.1 10.5 10.9 French franc 0.9 5.6 13.8 19.5 18.5 19.3 20.3 19.8 18.2 18.3 Japanese yen 0.0 4.0 8.2 11.6 13.2 14.0 13.2 12.3 11.6 12.5 Pound sterling 2.9 1.2 2.5 1.9 1.7 1.7 1.5 1.5 1.5 1.4 Swiss franc 2.4 1.3 3.0 2.4 2.4 2.5 2.7 2.4 2.3 2.3 U.S.dollars 23.0 73.0 41.9 38.0 37.9 35.1 34.2 35.8 39.1 37.2 Multiple currency 1.6 3.3 8.4 7.9 8.2 8.0 7.4 6.8 6.4 6.6 Special drawing rights 0.0 0.0 0.6 0.0 0.0 0.0 0.0 0.0 0.1 0.1 All other currencies 59.1 6.8 9.2 8.2 8.3 8.9 9.5 10.3 10.3 10.7 217 EGYPT, ARAB REPUBLIC OF (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 7. DEBT RESTRUCTURINGS Total amount rescheduled 0 650 497 435 313 190 152 53 Debt stock rescheduled ..0 0 0 0 0 0 0 0 Principal rescheduled 0 508 395 328 265 129 91 45 Official 0 122 99 82 51 34 22 24 Private 0 387 296 247 214 95 69 21 Interest rescheduled ..0 143 101 80 50 31 18 11 Official 0 33 23 23 10 6 3 2 Private ..0 110 78 56 40 25 14 10 Debt forgiven ..10,576 70 47 40 35 35 27 17 Memo: interest forgiven 2,481 152 147 84 7 4 2 1 Debt stock reduction ..0 0 0 0 13 9 0 0 of which debt buyback ..0 0 0 0 0 0 0 0 S. DEBTf STOCK-FLOW RECONCILIAr'ION Total change in debt stocks -12,664 -1,477 -558 1,805 952 -1,967 -1,450 2,115 Net flows on debt 351 2,465 -1,248 -591 -333 31 -39 -546 467 818 Net change in interest arrears ... -1,933 0 0 0 1 -1 1 -2 Interest capitalized ...0 143 101 80 50 31 18 11 Debt forgiveness or reduction ... -10,576 -70 -47 -40 -48 -44 -27 -17 Cross-currency valuation ... 1,687 -896 -258 1,821 1,001 -1,322 -1,765 1,142 Residual ... -594 -64 -21 -86 -14 -85 -144 163 9. AVERAGE TERMS OF NEW CONIMITMIENTS ALL CREDITORS Interest (%) 5.2 5.0 5.3 3.9 2.4 2.3 3.1 1.4 5.3 3.4 Maturity (years) 14.3 26.6 25.5 26.3 26.9 32.4 21.8 32.8 15.6 27.3 Grace period (years) 7.8 6.6 7.0 7.3 6.6 8.2 6.6 9.5 3.8 7.7 Grant element (%) 26.5 39.1 36.0 46.4 56.2 62.5 47.9 72.0 28.6 52.6 Official creditors Interest (%) 5.2 3.3 4.7 3.9 2.2 2.1 3.1 1.4 3.2 3.4 Maturity (years) 14.9 36.4 28.2 27.0 28.6 33.4 22.0 32.8 26.0 27.3 Grace period (years) 8.2 8.9 7.6 7.3 6.9 8.5 6.6 9.5 7.7 7.7 Grant element (%) 27.5 56.9 41.6 47.1 59.3 64.7 48.2 72.0 54.2 52.6 Private creditors Interest (%) 5.9 7.9 8.4 4.0 4.7 6.2 6.5 0.0 6.9 0.0 Maturity (years) 4.7 9.6 11.5 20.6 6.8 11.7 4.3 0.0 7.9 0.0 Grace period (years) 1.5 2.5 3.4 6.7 2.5 1.2 2.4 0.0 0.9 0.0 GraDt element (%) 10.6 8.3 6.9 40.4 20.1 16.7 7.7 0.0 9.7 0.0 Memorandum items Conmmitments 306 2,176 1,228 1,533 788 334 207 172 323 286 Official creditors 288 1,378 1,028 1,367 726 318 206 172 137 286 Private creditors 18 798 201 166 62 16 1 0 186 0 10. C'ONTRA%CTLIAL OBLIGATFIONS ON OUITSTANDING LONG-TERM DEBT 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 TOTAL Disbursements 542 378 210 132 80 41 25 16 11 8 Principal 1,084 1,100 1,095 1,125 1,158 1,313 1,309 1,353 1,381 1,422 Interest 707 671 639 603 566 528 489 453 417 381 Official creditors Disbursements 500 367 210 132 80 41 25 16 1 1 8 Principal 868 968 1,019 1,061 1,096 1,261 1,278 1,342 1,372 1,413 Interest 663 641 617 586 553 519 484 449 413 378 Bilateral creditors Disbursements 141 87 48 25 1 1 2 1 0 0 0 Principal 534 646 693 748 783 956 992 1,074 1,109 1,165 Interest 492 480 467 450 432 413 391 369 346 322 Multilateral creditors Disbursements 359 280 162 107 70 39 24 16 1 1 8 Principal 334 321 326 313 313 304 286 268 263 249 Interest 171 161 151 136 121 107 93 80 68 56 Private creditors Disbursements 42 12 0 0 0 0 0 0 0 0 Principal 216 133 76 64 61 53 32 12 9 9 Interest 44 30 22 17 13 8 6 4 4 3 Commercial banks Disbursements 25 5 0 0 0 0 0 0 0 0 Principal 65 57 49 49 47 40 21 3 1 0 Interest 21 17 14 10 7 4 1 0 0 0 Other private Disbursements 1 7 7 0 0 0 0 0 0 0 0 Principal 151 76 27 16 14 1 3 1 0 9 9 9 Interest 23 1 3 8 6 6 5 4 4 3 3 218 EL SALVADOR (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 1. SLININIARI' DEBT DATA TOTAL DEBT STOCKS (EDT) 911 2,148 2,263 2,033 2,210 2,610 2,914 3,252 3,633 Long-term debt (LDOD) 176 659 1,938 2,160 1,924 2,022 2,084 2,318 2,442 2,783 Public and publicly guaranteed 88 499 1,913 2,148 1,916 2,014 2,080 2,317 2,397 2,443 Private nonguaranteed 88 161 26 12 8 8 5 2 45 340 Use ofIMF credit 7 32 0 0 0 0 0 0 0 0 Short-term debt .. 220 210 103 109 188 525 596 811 849 of which interest arrears on LDOD 0 7 15 7 3 3 3 2 1 Official creditors 0 7 13 7 2 2 2 1 1 Private creditors 0 0 1 1 1 1 1 0 0 Memo: principal arrears on LDOD 0 6 19 6 4 6 8 14 5 Officialecreditors 0 6 17 3 0 1 1 13 5 Private creditors 0 0 3 2 4 5 6 1 0 Memo: export credits 0 236 197 282 337 267 252 365 446 TOTAL DEBT FLOWS Disbursements 31 149 108 247 487 293 195 474 334 561 Long-term debt 31 110 108 247 487 293 195 474 334 561 IMFpurchases 0 40 0 0 0 0 0 0 0 0 Principal repayments 27 35 124 150 172 241 160 178 127 264 Long-termndebt 22 35 119 150 172 241 160 178 127 264 IMF repurchases 5 0 5 0 0 0 0 0 0 0 Net flows on debt 4 56 2 90 328 136 373 368 423 337 of which short-term debt -58 18 -7 13 83 337 71 216 39 Interest payments (INT) .. 61 84 84 122 98 124 138 152 174 Long-term debt 9 36 75 80 117 91 102 105 110 126 IMF charges 0 0 0 0 0 0 0 0 0 0 Short-term debt 25 9 4 5 8 22 33 42 48 Net transfers on debt .. -5 -83 6 206 37 249 229 271 163 Total debt service paid (TDS) .. 96 208 234 294 339 284 316 279 438 Long-termn debt 31 71 194 230 289 332 262 283 237 390 IMF repurchases and charges 5 0 5 0 0 0 0 0 0 0 Short-termn debt (interest only) 25 9 4 5 8 22 33 42 48 2. AGGREGATE NET RESOLIRCE FLO%AS AND NET TRANSF-ERS (LONG-TERNI) NET RESOURCE FLOWS 14 ill 151 335 942 139 174 389 304 428 Net flow of long-term debt (ex. IMF 9 74 -11 97 315 52 35 297 207 297 Foreign direct investmnent (net) 4 6 2 1 5 16 0 38 -5 11 12 Portfolio equity flows 0 0 0 0 0 0 0 0 0 0 Grants (excluding technical coop.) 1 31 160 223 611 87 101 97 86 119 Memo: technical coop. grants 7 9 127 160 162 180 130 108 119 64 official net resource flows 5 104 143 335 929 199 167 372 246 186 private net resource flows 10 7 8 0 13 -60 7 17 58 242 NET TRANSFERS -2 34 47 229 800 24 46 258 167 274 Interest on long-term debt 9 36 75 80 117 91 102 105 110 126 Profit remiittances on FDI 7 41 28 26 25 24 26 25 27 28 Memo: official net transfers 2 82 81 266 823 117 75 274 146 83 private net transfers -5 -48 -34 -38 -23 -93 -29 -16 21 192 3. NIAJOR ECONOMTIC AGGREGArFES Gross national product (GNP) 1,123 3,490 4,705 5,904 6,925 7,994 9,405 10,263 11,123 11,787 Exports of goods & services (XGS) .. 1,282 1,360 1,694 2,188 2,642 3,154 3,330 3,980 4,190 of which workers renmittances .. 11 357 687 790 967 1,061 1,084 1,199 1,338 Imports of goods & services (MGS) .. 1,289 1,785 2,054 2,523 2,981 3,744 3,669 4,048 4,444 Intemational reserves (RES) 64 382 595 578 720 829 940 1,110 1,444 1,748 Current account balance .. 34 -152 -109 -82 -18 -262 -169 96 -84 4. DEBT IN-DICATORS EDT/XGS (% . 71.1 158.0 133.6 92.9 83.7 82.7 87.5 81.7 86.7 EDT/GNP(% . 26.1 45.7 38.3 29.4 27.6 27.8 28.4 29.2 30.8 TDS/XGS(%) .. 7.5 15.3 13.8 13.4 12.8 9.0 9.5 7.0 10.5 INT / XGS (% . 4.7 6.2 5.0 5.6 3.7 3.9 4.2 3.8 4.2 INT /GNP(% . 1.7 1.8 1.4 1.8 1.2 1.3 1.4 1.4 1.5 RES /EDT(% . 41.9 27.7 25.6 35.4 37.5 36.0 38.1 44.4 48.1 RES / MGS (months) .. 3.6 4.0 3.4 3.4 3.3 3.0 3.6 4.3 4.7 Short-term /EDT (%) .. 24.2 9.8 4.6 5.4 8.5 20.1 20.5 24.9 23.4 Concessional /EDT (% . 23.9 56.3 58.1 50.4 49.0 42.7 40.2 36.1 32.6 Multilateral /EDT (%) .. 28.3 36.6 40.8 52.9 57.5 52.8 54.0 51.2 48.5 219 EL SALVADOR (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 5. LONG-TERNI DEBT DEBT OUTSTANDING (LDOD) 176 659 1,938 2,160 1,924 2,022 2,084 2,318 2,442 2,783 Public and publicly guaranteed 88 499 1,913 2,148 1,916 2,014 2,080 2,317 2,397 2,443 Official creditors 70 460 1,729 1,955 1,724 1,880 1,971 2,185 2,267 2,376 Multilateral 41 258 786 923 1,075 1,271 1,377 1,573 1,666 1,760 Concessional 10 134 414 476 536 605 623 648 656 646 Bilateral 30 202 943 1,032 649 608 594 612 601 616 Concessional 29 84 795 838 487 478 490 522 516 538 Private creditors 17 39 184 193 192 135 109 132 130 68 Bonds 3 0 0 0 0 0 0 0 0 0 Commercial banks 14 8 127 135 146 94 74 82 83 19 Other private 0 31 57 58 46 41 35 50 47 49 Private nonguaranteed 88 161 26 12 8 8 5 2 45 340 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 88 161 26 12 8 8 5 2 45 340 Memo: IBRD 25 87 140 182 220 290 307 282 275 287 IDA 8 27 23 22 22 21 20 20 19 18 DISBURSEMENTS 31 110 108 247 487 293 195 474 334 561 Public and publicly guaranteed 8 110 108 247 487 289 195 474 290 261 Official creditors 6 81 78 233 455 271 190 381 268 255 Multilateral 5 36 44 151 211 268 166 317 232 237 Concessional 2 15 33 53 72 81 32 40 25 8 Bilateral 2 45 33 83 245 3 25 64 37 18 Concessional 2 20 18 23 218 2 24 64 36 18 Private creditors 1 29 30 13 31 19 5 94 22 6 Bonds 0 0 0 0 0 0 0 0 0 0 Commnercial banks 1 3 25 0 31 19 5 71 15 4 Other private 0 26 5 1 3 1 0 0 23 7 3 Private nonguaranteed 24 0 0 0 0 4 0 0 44 300 Bonds 0 0 0 0 0 0 0 0 0 0 Comimercial banks 24 0 0 0 0 4 0 0 44 300 Memo: IBRD 1 10 3 11 51 70 26 21 35 34 IDA 0 3 0 0 0 0 0 0 0 0 PRINCIPAL REPAYMENTS 22 35 119 150 172 241 160 178 127 264 Public and publicly guaranteed 6 17 105 140 168 237 157 175 126 260 Official creditors 3 8 94 122 138 159 124 106 108 188 Multilateral 3 5 57 60 63 107 78 76 85 164 Concessional 0 1 11 13 12 13 13 15 15 20 Bilateral 0 3 37 62 75 52 45 30 24 24 Concessional 0 1 8 15 24 19 19 17 17 16 Private creditors 3 10 11 19 30 79 33 69 18 72 Bonds 0 0 0 0 0 0 0 0 0 0 Comimercial banks 3 2 9 16 20 71 26 63 14 68 Other private 0 8 2 3 11 8 8 6 4 4 Private nonguaranteed 16 18 14 9 4 4 3 3 1 5 Bonds 0 0 0 0 0 0 0 0 0 0 Commnercial banks 16 18 14 9 4 4 3 3 1 5 Memo: IBRD 2 3 15 13 17 19 21 22 24 28 IDA 0 0 1 1 1 1 1 1 1 1 NET FLOWS ON DEBT 9 74 -11 97 315 52 35 297 207 297 Public and publicly guaranteed 2 92 3 106 318 52 38 300 164 2 Official creditors 3 73 -17 112 317 112 66 275 160 67 Multilateral 2 31 -13 90 148 161 87 241 147 73 Concessional 2 14 23 40 60 68 18 26 10 -11 Bilateral 2 42 -4 21 170 -49 -21 34 13 -5 Concessional 2 18 11 8 195 -18 5 47 19 2 Private creditors -2 19 19 -5 1 -60 -28 25 4 -65 Bonds 0 0 0 0 0 0 0 0 0 0 Comimercial banks -2 1 16 -16 11 -52 -20 9 1 -65 Other private 0 1 8 3 11 -10 -8 -8 17 3 -1 Private nonguaranteed 8 -18 -14 -9 -4 0 -3 -3 43 295 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 8 -18 -14 -9 -40 -3 -3 43 295 Memo: IBRD -1 8 -13 -1 34 52 5 -1 12 7 IDA 0 3 -1 -1 -1 -1 -1 -1 -1 -1 220 EL SALVADOR (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 INTEREST PAYMENTS (LINT) 9 36 75 80 117 91 102 105 110 126 Public and publicly guaranteed 4 25 72 79 117 90 102 105 107 106 Official creditors 2 21 63 69 106 82 92 97 101 103 Multilateral 2 11 50 42 45 56 62 74 79 83 Concessional 0 2 9 9 9 9 11 11 11 11 Bilateral 0 10 13 27 61 25 30 23 21 21 Concessional 0 2 9 14 46 14 16 15 14 14 Private creditors 1 3 10 10 11 9 9 8 7 3 Bonds 0 0 0 0 0 0 0 0 0 0 Cormmercial banks 1 1 8 8 7 6 7 6 5 2 Other private 0 2 2 2 4 3 2 2 2 1 Private nonguaranteed 6 11 3 1 0 0 0 0 3 20 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 6 11 3 1 0 0 0 0 3 20 Memo: IBRD 1 7 14 14 15 17 22 21 19 20 IDA 0 0 0 0 0 0 0 0 0 0 NET TRANSFERS ON DEBT 0 39 -86 17 198 -39 -67 191 97 172 Public and publicly guaranteed -2 68 -69 27 202 -38 -63 195 57 -104 Official creditors 1 52 -79 43 211 30 -26 177 60 -36 Multilateral 0 20 -63 49 102 104 25 167 68 -10 Concessional 2 12 14 31 51 58 7 15 -1 -22 Bilateral 1 32 -17 -6 109 -74 -51 10 -8 -26 Concessional 2 16 2 -7 148 -32 -11 32 5 -12 Private creditors -3 16 10 -16 -10 -69 -37 17 -3 -68 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks -3 0 8 -24 4 -59 -27 2 -4 -66 Other private 0 16 2 8 -14 -10 -10 15 2 -2 Private nonguaranteed 2 -29 -17 -11 -4 0 -4 -3 40 276 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 2 -29 -17 -11 -4 0 -4 -3 40 276 Memo: IBRD -2 0 -27 -15 19 35 -17 -22 -7 -13 IDA 0 3 -1 -1 -1 -1 -1 -1 -1 -1 DEBT SERVICE (LTDS) 31 71 194 230 289 332 262 283 237 390 Public and publicly guaranteed 9 42 177 220 285 327 258 280 233 365 Official creditors 5 29 157 190 244 240 216 203 209 291 Multilateral 5 16 107 102 108 163 141 150 164 247 Concessional 0 3 19 22 21 22 24 25 26 30 Bilateral 1 13 50 89 136 '77 76 54 45 44 Concessional 0 3 17 29 70 33 35 32 31 30 Private creditors 4 1 3 21 29 41 87 42 77 25 75 Bonds 0 0 0 0 0 0 0 0 0 0 Commnercial banks 4 3 17 24 27 77 32 69 19 70 Other pnivate 0 10 4 5 14 10 10 8 6 5 Private nonguaranteed 22 29 17 11 4 4 4 3 4 24 Bonds 0 0 0 0 0 0 0 0 0 0 Cotmmercial banks 22 29 17 11 4 4 4 3 4 24 Memo: IBRD 4 10 29 27 32 36 43 42 42 47 IDA 0 0 1 1 1 1 1 1 1 1 UNDISBURSED DEBT 38 424 324 701 817 698 1,317 1,212 901 771 Official creditors 38 390 322 666 793 693 1,255 1,190 889 760 Private creditors 0 34 2 35 24 5 62 22 12 11 Memorandum items Concessional LDOD 39 218 1,209 1,314 1,024 1,083 1,113 1,170 1,173 1,184 Variable rate LDOD 88 181 192 289 337 359 405 498 610 995 Public sector LDOD 88 496 1,905 2,141 1,909 2,007 2,073 2,310 2,391 2,438 Private sector LDOD 88 163 34 19 15 15 11 8 51 346 6. CLJRRENCI'aCONMPOSITION OF LONG-TERNI DEBT IPERCENTI Deutsche mark 0.0 0.2 3.7 3.1 3.5 3.8 4.0 4.6 4.1 4.4 French franc 0.0 5.5 3.3 2.8 2.5 2.5 2.5 2.0 1.6 1.5 Japanese yen 0.0 3.6 1.2 1.0 1.0 0.8 1.7 2.7 3.7 4.9 Pound sterling 0.0 0.3 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Swiss franc 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 U.S.dollars 65.2 37.8 56.5 59.2 52.8 51.3 50.7 55.1 65.7 66.1 Multiple currency 31.1 32.6 33.7 32.6 39.2 40.7 40.2 34.6 23.7 21.8 Special drawing rights 0.0 0.0 0.0 0.0 0.0 0.2 0.3 0.4 0.4 0.5 All other currencies 3.7 20.0 1.6 1.3 1.0 0.7 0.6 0.6 0.8 0.8 221 EL SALVADOR (US mllon unes ohewis idiatd) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 7. DEBT RESTRUCTUR1INGS Total amount rescheduled 86 0 156 0 0 0 0 0 Debt stock rescheduled 0 0 156 0 0 0 0 0 Principal rescheduled 42 0 0 0 0 0 0 0 Official 39 0 0 0 0 0 0 0 Private 3 0 0 0 0 0 0 0 Interest rescheduled ..43 0 0 0 0 0 0 0 Official ..38 0 0 0 0 0 0 0 Private 5 0 0 0 0 0 0 0 Debt forgiven 0 0 500 0 0 0 0 0 Memo: interest forgiven 0 0 0 0 0 0 0 0 Debt stock reduction 0 0 47 0 0 0 0 0 of which debt buyback 0 0 0 0 0 0 0 0 8. DEBT STOCK-FLOW RECONCILL4rnON Total change in debt stocks 66 80 -230 177 400 305 338 380 Net flows on debt 4 56 2 90 328 136 373 368 423 337 Net change in interest ar-rears -17 8 -8 -5 0 0 -2 -l Interest capitalized ... 43 0 0 0 0 0 0 0 Debt forgiveness or reduction ...0 0 -547 0 0 0 0 0 Cross-currency valuation ... 26 -21 -7 29 15 -49 -53 26 Residual ... 13 4 4 17 12 -14 -31 19 9. AVERAGE TERAMS OF NEW CONIMITAMENTS ALL CREDITORS Interest (%) 4.7 4.2 4.6 6.1 5.1 3.8 6.6 7.1 7.1 7.5 Maturity (years) 23.4 27.6 29.8 20.4 22.1 24.2 22.5 20.7 16.8 22.0 Grace period (years) 6.0 8.4 7.2 5.3 4.8 7.6 5.2 5.0 3.8 3.8 Grant element (%) 37.6 45.8 45.5 24.4 30.2 45.9 22.2 18.1 16.6 14.7 Official creditors Interest (%) 4.4 3.3 3.2 6.1 5.1 3.8 6.5 7.1 7.1 7.5 Maturity (years) 25.0 28.4 35.6 22.2 22.6 24.2 21.9 22.1 17.6 22.7 Grace period (years) 6.5 8.9 8.8 5.7 4.9 7.6 5.1 5.1 4.0 3.9 Grant element (%) 40.7 53.5 56.6 26.3 30.6 45.9 22.6 18.7 17.3 15.0 Private creditors Interest (%) 7.5 11.7 10.4 6.8 4.1 0.0 7.1 7.2 7.0 6.6 Maturity (years) 7.2 20.7 5.0 5.4 7.3 0.0 29.9 4.7 6.2 4.9 Grace period (years) 0.7 4.3 0.5 1.9 0.8 0.0 7.0 3.8 1.1 0.9 Grant element (%) 6.9 -17.3 -1.4 8.1 17.6 0.0 16.6 11.0 8.0 7.7 Memorandum items Commnitments 12 225 131 439 643 161 822 705 195 150 Official creditors I11 200 106 393 623 161 760 649 181 144 Private creditors 1 25 25 46 20 0 62 56 14 6 10. CONTRACTU-AL OBLIGATIONS ON OUTSTANDING LONG-TERNI DEBT 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 TOTAL Disbursements 228 193 143 96 53 27 18 8 3 2 Principal 165 178 216 217 230 218 212 188 184 179 Interest 150 152 150 144 134 123 112 100 90 80 Official creditors Disbursements 222 190 142 95 53 27 1 8 8 3 2 Principal 119 137 183 185 200 188 182 158 155 150 Interest 127 131 131 127 120 110 101 91 82 74 Bilateral creditors Disbursements 24 17 1 1 7 4 2 0 0 0 0 Principal 26 32 36 37 42 33 33 30 27 26 Interest 23 22 20 19 17 15 14 13 12 1 1 Multilateral creditors Disbursements 198 173 131 89 49 25 17 8 3 2 Principal 93 106 147 149 158 156 149 129 128 124 Interest 104 109 ill 108 103 95 87 78 7 1 63 Private creditors Disbursements 6 3 1 1 0 0 0 0 0 0 Principal 45 41 34 32 3 1 30 30 30 30 30 Interest 23 21 18 16 15 1 3 1 1 9 8 6 Commercial banks Disbursements 3 2 1 0 0 0 0 0 0 0 Principal 9 5 5 3 2 1 0 0 0 0 Interest 2 1 1 0 0 0 0 0 0 0 Other private Disbursements 4 1 1 0 0 0 0 0 0 0 Principal 37 35 29 29 29 29 30 30 30 30 Interest 22 20 1 8 1 6 14 1 3 1 1 9 8 6 222 EQUATORIAL GUINEA (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 1. SUATNI .Rh' DEBT DATA TOTAL DEBT STOCKS (EDT) .. 75.6 241.1 255.3 264.1 287.6 291.8 282.4 283.2 306.1 Long-term debt (LDOD) 5.0 52.5 209.2 214.4 214.8 219.3 229.6 222.2 208.6 216.5 Public and publicly guaranteed 5.0 52.5 209.2 214.4 214.8 219.3 229.6 222.2 208.6 216.5 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Use of IMF credit 0.0 16.1 5.8 12.6 16.4 19.6 18.9 17.2 13.2 10.8 Short-termi debt .. 7.0 26.0 28.3 32.9 48.6 43.3 43.1 61.4 78.8 of which interest arrears on LDOD .. 0.0 19.7 28.0 32.6 37.6 41.3 39.6 37.4 39.8 Official creditors .. 0.0 17.3 24.5 28.4 32.7 35.9 34.5 32.8 34.9 Private creditors .. 0.0 2.3 3.5 4.2 4.9 5.4 5.2 4.6 4.9 Memo: principal arrears on LDOD .. 5.6 28.4 54.6 56.1 71.9 94.5 93.7 91.0 97.0 Official creditors .. 5.6 24.4 45.8 47.7 59.8 77.8 77.7 76.8 82.0 Private creditors .. 0.0 4.0 8.8 8.4 12.1 16.7 16.0 14.3 15.0 Memo: export credits .. 0.0 37.0 79.0 99.0 103.0 59.0 60.0 55.0 56.0 TOTAL DEBT FLOWS Disbursements 0.0 37.6 9.9 14.5 13.4 6.6 2.2 2.0 2.6 1.1 Long-term debt 0.0 19.6 9.9 14.5 9.6 4.0 2.2 2.0 2.6 1.1 IMF purchases 0.0 18.0 0.0 0.0 3.9 2.6 0.0 0.0 0.0 0.0 Principal repayments 0.0 1.7 4.2 2.0 0.5 0.7 1.3 3.3 4.1 3.7 Long-termn debt 0.0 1.7 0.6 2.0 0.5 0.1 0.2 2.2 1.1 0.8 MAF repurchases 0.0 0.0 3.6 0.0 0.0 0.5 1.1 1.1 3.0 2.9 Net flowis on debt 0.0 40.9 9.8 12.5 12.9 16.7 -8.1 0.0 18.9 12.4 of which short-term debt .. 5.0 4.0 0.0 0.0 10.8 -9.0 1.4 20.5 15.0 Interest payments (INT) .. 0.8 0.9 1.1 0.7 1.4 0.8 1.3 1.8 2.3 Long-term debt 0.0 0.1 0.5 1.0 0.6 0.8 0.4 1.0 1.0 0.7 vIMFcharges 0.0 0.2 0.2 0.1 0.1 0.0 0.1 0.1 0.1 0.1 Short-term debt .. 0.6 0.2 0.0 0.0 0.5 0.3 0.2 0.7 1.6 Net transfers on debt .. 40.0 8.8 11.4 12.2 15.4 .8.9 .1.3 17.2 10.1 Total debt service paid (TDS) .. 2.6 5.1 3.1 1.2 2.0 2.1 4.7 5.9 6.0 Long-termndebt 0.0 1.8 1.1 3.0 1.1 0.9 0.6 3.3 2.1 1.5 IMF repurchases and charges 0.0 0.2 3.8 0.1 0.1 0.6 1.2 1.2 3.1 2.9 Short-termn debt (interest only) .. 0.6 0.2 0.0 0.0 0.5 0.3 0.2 0.7 1.6 2.AGGREGATE NET RESOUiRCE FLO%WS. AND NET TRANSFERS (LONG-TERNI) NET RESOURCE FLOWS 0.0 19.3 63.9 41.4 45.7 31.8 144.0 394.0 34.5 37.2 Net flow of long-term debt (ex. IM)0.0 17.8 9.4 12.5 9.1 3.8 2.0 -0.3 1.4 0.3 Foreign direct investment (net) 0.0 0.0 11.0 6.0 22.0 17.0 127.0 376.0 20.0 24.0 Portfolio equity flows 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Grants (excluding techniical coop.) 0.0 1.4 43.5 22.9 14.6 11.0 15.0 18.3 13.1 12.9 Memo: technical coop. grants 0.0 2.0 14.0 23.7 21.0 13.1 17.2 11.0 12.4 13.2 official net resource flows 0.0 14.8 52.9 35.4 23.7 14.8 17.0 18.0 14.5 13.2 private net resource flows 0.0 4.5 11.0 6.0 22.0 17.0 127.0 376.0 20.0 24.0 NET TRANSFERS -0.6 19.2 63.4 40.4 45.1 31.0 143.6 393.0 33.5 36.5 Interest on long-term debt 0.0 0.1 0.5 1.0 0.6 0.8 0.4 1.0 1.0 0.7 Profit remtittances on FDI 0.6 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: official net transfers 0.0 14.7 52.4 34.4 23.1 14.0 16.6 17.0 13.5 12.5 private net transfers -0.6 4.5 11.0 6.0 22.0 17.0 127.0 376.0 20.0 24.0 3. MA4jOR ECONOMIC AGGREGATES Gross national product (GNP) 66.9 .. 123.5 148.2 150.0 115.7 153.1 203.7 415.7 404.5 Exports of goods & services (XGS) ... 42.3 59.0 70.1 65.4 94.2 180.4 449.3 417.4 of which workers renmittances...... .. . Imports of goods & services (MGS) ... 99.2 96.1 98.9 69.5 221.1 521.8 770.3 934.9 Intemnational reserves (RES) ... 0.7 13.4 0.5 0.4 0.0 0.5 4.9 0.8 Cur-rent account balance ... -19.0 -10.6 2.8 -0.4 -123.4 -344.0 4. DEBT INDICATORS EDT /XGS ()... 569.7 432.7 377.0 440.0 309.7 156.6 63.0 73.3 EDT /GNP(% ... 195.2 172.2 176.1 248.5 190.7 138.6 68.1 75.7 TDS /XGS(% ... 12.1 5.3 1.7 3.1 2.2 2.6 1.3 1.4 INT /XGS ()... 2.1 1.9 1.0 2.1 0.9 0.7 0.4 0.6 IINT /GNP(% ... 0.7 0.7 0.5 1.2 0.5 0.6 0.4 0.6 RES/EDT(.%) ... 0.3 5.3 0.2 0.1 0.0 0.2 1.7 0.3 RES /MGS (months) ... 0.1 1.7 0.1 0.1 0.0 0.0 0.1 0.0 Short-term /EDT (%) .. 9.3 10.8 11.1 12.5 16.9 14.8 15.3 21.7 25.7 Concessional /EDT (%) .. 41.7 48.6 51.4 52.4 49.1 50.5 51.1 48.8 46.9 Multilateral /EDT (%) .. 3.6 28.0 31.4 33.7 33.7 34.8 35.0 33.1 32.0 223 EQUATORIAL GUINEA (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 5. LONG-TERNI DEBT DEBT OUTSTANDING (LDOD) 5.0 52.5 209.2 214.4 214.8 219.3 229.6 222.2 208.6 216.5 Public and publicly guaranteed 5.0 52.5 209.2 214.4 214.8 219.3 229.6 222.2 208.6 216.5 Official creditors 5.0 45.3 191.5 198.4 199.9 203.6 212.8 206.2 194.3 201.5 Multilateral 0.0 2.7 67.4 80.2 89.1 96.8 101.4 98.8 93.7 98.0 Concessional 0.0 2.0 51.6 66.9 76.9 84.3 88.2 87.0 83.7 87.6 Bilateral 5.0 42.6 124.1 118.2 110.7 106.8 111.5 107.4 100.5 103.6 Concessional 0.0 29.5 65.5 64.3 61.6 56.9 59.1 57.4 54.5 55.8 Private creditors 0.0 7.2 17.8 16.0 15.0 15.7 16.8 16.0 14.3 15.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Cormmercial banks 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Other private 0.0 7.2 17.8 16.0 15.0 15.7 16.8 16.0 14.3 15.0 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 0.0 0.0 37.6 41.2 45.3 49.9 53.1 52.1 49.9 51.7 DISBURSEMENTS 0.0 19.6 9.9 14.5 9.6 4.0 2.2 2.0 2.6 1.1 Public and publicly guaranteed 0.0 19.6 9.9 14.5 9.6 4.0 2.2 2.0 2.6 1.1 Official creditors 0.0 14.8 9.9 14.5 9.6 4.0 2.2 2.0 2.6 1.1 Multilateral 0.0 1.7 3.7 14.3 9.6 4.0 2.2 2.0 2.6 1.1 Concessional 0.0 1.0 3.1 14.3 9.6 4.0 2.2 2.0 2.6 1.1 Bilateral 0.0 13.1 6.3 0.2 0.0 0.0 0.0 0.0 0.0 0.0 Concessional 0.0 3.3 6.3 0.2 0.0 0.0 0.0 0.0 0.0 0.0 Private creditors 0.0 4.8 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Other private 0.0 4.8 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 0.0 0.0 2.0 2.5 4.0 2.4 2.2 1.0 1.3 0.3 PRINCIPAL REPAYMENTS 0.0 1.7 0.6 2.0 0.5 0.1 0.2 2.2 1.1 0.8 Public and publicly guaranteed 0.0 1.7 0.6 2.0 0.5 0.1 0.2 2.2 1.1 0.8 Official creditors 0.0 1.4 0.6 1.9 0.5 0.1 0.2 2.2 1.1 0.8 Multilateral 0.0 0.0 0.5 1.9 0.5 0.1 0.2 2.2 1.1 0.8 Concessional 0.0 0.0 0.5 0.3 0.0 0.1 0.2 0.7 0.7 0.5 Bilateral 0.0 1.4 0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Concessional 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private creditors 0.0 0.3 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Other private 0.0 0.3 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 P'rivate nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commnercial banks 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 0.0 0.0 0.0 0.0 0.0 0.1 0.2 0.2 0.4 0.4 NET FLOWS ON DEBT 0.0 17.8 9.4 12.5 9.1 3.8 2.0 -0.3 1.4 0.3 Public and publicly guaranteed 0.0 17.8 9.4 12.5 9.1 3.8 2.0 -0.3 1.4 0.3 Official creditors 0.0 13.4 9.4 12.5 9.1 3.8 2.0 -0.3 1.4 0.3 Multilateral 0.0 1.7 3.2 12.3 9.1 3.8 2.0 -0.3 1.4 0.3 Concessional 0.0 1.0 2.6 13.9 9.6 3.8 2.0 1.3 1.9 0.6 Bilateral 0.0 11.7 6.2 0.2 0.0 0.0 0.0 0.0 0.0 0.0 Concessional 0.0 3.3 6.3 0.2 0.0 0.0 0.0 0.0 0.0 0.0 Private creditors 0.0 4.5 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Other private 0.0 4.5 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 0.0 0.0 2.0 2.5 4.0 2.4 2.0 0.8 0.8 -0.1I 224 EQUATORIAL GUINEA (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 INTEREST PAYMENTS (LINT) 0.0 0.1 0.5 1.0 0.6 0.8 0.4 1.0 1.0 0.7 Public and publicly guaranteed 0.0 0.1 0.5 1.0 0.6 0.8 0.4 1.0 1.0 0.7 Official creditors 0.0 0.1 0.5 1.0 0.6 0.8 0.4 1.0 1.0 0.7 Multilateral 0.0 0.0 0.3 1.0 0.6 0.8 0.4 1.0 1.0 0.7 Concessional 0.0 0.0 0.3 0.4 0.3 0.5 0.4 0.8 0.7 0.5 Bilateral 0.0 0.1 0.1 0.1 0.0 0.0 0.0 0.0 0.0 0.0 Concessional 0.0 0.1 0.1 0.1 0.0 0.0 0.0 0.0 0.0 0.0 Private creditors 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Other private 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 0.0 0.0 0.2 0.3 0.3 0.4 0.4 0.3 0.5 0.3 NET TRANSFERS ON DEBT 0.0 17.8 8.9 11.5 8.4 3.1 1.7 -1.3 0.4 .0.4 Public and publicly guaranteed 0.0 17.8 8.9 11.5 8.4 3.1 1.7 -1.3 0.4 -0.4 Official creditors 0.0 13.3 8.9 11.5 8.4 3.1 1.7 -1.3 0.4 -0.4 Multilateral 0.0 1.7 2.9 11.3 8.4 3.1 1.7 -1.3 0.4 -0.4 Concessional 0.0 1.0 2.3 13.5 9.3 3.4 1.7 0.5 1.2 0.1 Bilateral 0.0 11.6 6.0 0.1 0.0 0.0 0.0 0.0 0.0 0.0 Concessional 0.0 3.2 6.1 0.1 0.0 0.0 0.0 0.0 0.0 0.0 Private creditors 0.0 4.4 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commnercial banks 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Other private 0.0 4.4 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 0.0 0.0 1.8 2.2 3.7 2.0 1.7 0.4 0.4 -0.4 DEBT SERVICE (LTDS) 0.0 1.8 1.1 3.0 1.1 0.9 0.6 3.3 2.1 1.5 Public and publicly guaranteed 0.0 1.8 1.1 3.0 1.1 0.9 0.6 3.3 2.1 1.5 Official creditors 0.0 1.5 1.1 3.0 1.1 0.9 0.6 3.3 2.1 1.5 Multilateral 0.0 0.0 0.8 2.9 1.1 0.9 0.6 3.3 2.1 1.5 Concessional 0.0 0.0 0.8 0.7 0.3 0.6 0.6 1.4 1.4 1.0 Bilateral 0.0 1.5 0.3 0.1 0.0 0.0 0.0 0.0 0.0 0.0 Concessional 0.0 0.1 0.1 0.1 0.0 0.0 0.0 0.0 0.0 0.0 Private creditors 0.0 0.4 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Comimercial banks 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Other private 0.0 0.4 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Comimercial banks 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 0.0 0.0 0.2 0.3 0.3 0.5 0.6 0.6 0.9 0.7 UNDISBURSED DEBT 0.0 70.6 64.9 66.8 56.8 44.4 43.0 36.6 28.3 30.8 Official creditors 0.0 67.6 64.9 66.8 56.8 44.4 43.0 36.6 28.3 30.8 Private creditors 0.0 3.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memorandum items ConcessionaliLDOD 0.0 31.5 117.1 131.2 138.5 141.2 147.3 144.4 138.1 143.4 Variable rate LDOD 0.0 0.0 5.1 5.0 4.9 4.2 4.2 4.2 4.1 4.1 Public sector LDOD 5.0 46.9 209.2 214.4 214.8 219.3 229.6 222.2 208.6 216.5 Private sector LDOD 0.0 5.6 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 6. CIrRRENC'I'CONLPOSITION OF LONG-TERM DEBT iPE RCENTI Deutsche mark 0.0 0.0 5.9 5.4 5.0 5.5 5.7 5.4 5.0 5.1 French franc 0.0 0.0 7.0 7.5 7.0 7.6 7.9 7.6 7.1 7.3 Japanese yen 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Pound sterling 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Swiss franc 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 U.S.dollars 0.0 16.4 37.9 38.1 39.8 41.1 40.7 41.6 43.3 42.5 Multipleceurrency 0.0 0.0 5.6 11.0 13.8 15.0 14.6 15.0 15.3 15.6 Special drawing rights 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 All other currencies 0.0 83.6 43.6 38.0 34.4 30.8 31.1 30.4 29.3 29.5 225 EQUATORIAL GUINEA (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 7. DEBT RESTRLlCTU IRINGS Total amount rescheduled ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Debt stock rescheduled ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal rescheduled ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Official ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Interest rescheduled ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Official ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Debt forgiven ... 18.5 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: interest forgiven ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Debt stock reduction . . 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 of which debt buyback ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 8. DEBT STOCK-FLO%~ RECONCI LLIAlON Total change in debt stocks ... 12.0 1.5 8.8 23.5 4.3 -9.4 0.7 22.9 Net flows on debt 0.0 40.9 9.8 12.5 12.9 16.7 -8.1 0.0 18.9 12.4 Net change in interest arrears ... 7.2 3.2 4.6 5.0 3.7 -1.7 -2.2 2.4 Interest capitalized ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Debt forgiveness or reduction ... -18.5 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Cross-currency valuation ... 11.8 -8.8 -7.7 4.8 6.7 -5.0 -8.5 4.6 Residual ... 1.7 -5.3 -1.0 -3.0 1.9 -2.7 -7.5 3.6 9..%%'ER.AGE TERMIS OF NEW COMMFTNIENTS ALL CREDITORS Interest (%) 0.0 6.5 0.9 0.8 0.7 0.7 0.0 0.0 0.0 0.0 Maturity (years) 0.0 14.2 38.2 45.9 49.8 49.7 0.0 0.0 0.0 49.7 Grace period (years) 0.0 3.4 10.1 10.3 10.3 10.2 0.0 0.0 0.0 10.2 Grant element (%) 0.0 21.0 77.5 82.2 83.3 83.1 0.0 0.0 0.0 90.0 Official creditors Interest (%) 0.0 6.5 0.9 0.8 0.7 0.7 0.0 0.0 0.0 0.0 Maturity (years) 0.0 14.2 38.2 45.9 49.8 49.7 0.0 0.0 0.0 49.7 Grace period (years) 0.0 3.4 10.1 10.3 10.3 10.2 0.0 0.0 0.0 10.2 Grant element (%) 0.0 21.0 77.5 82.2 83.3 83.1 0.0 0.0 0.0 90.0 Private creditors Interest (%) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Maturity (years) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Grace period (years) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Grant element (%) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memorandum items Commitments 0.0 27.2 18.1 19.6 9.0 6.6 0.0 0.0 0.0 2.7 Official creditors 0.0 27.2 18.1 19.6 9.0 6.6 0.0 0.0 0.0 2.7 Private creditors 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 10. CONTRkCTl.A4L OBLIGATIONS ON OUITSTANDING LONG-TERMI DEBT TOTAIL Disbursements 7.6 7.2 5.3 4.1 3.1 1.4 0.8 0.6 0.4 0.2 Principal 6.4 5.3 5.5 6.0 5.3 5.1 4.5 4.6 4.9 5.0 Interest 1.7 1.5 1.4 1.2 1.1 1.0 0.9 0.9 0.8 0.8 Official creditors Disbursements 7.6 7.2 5.3 4.1 3.1 1.4 0.8 0.6 0.4 0.2 Principal 6.4 5.3 5.5 6.0 5.3 5.1 4.5 4.6 4.9 5.0 Interest 1.7 1.5 1.4 1.2 1.1 1.0 0.9 0.9 0.8 0.8 Bilateral creditors Disbursements 1.4 2.1 1.6 1.3 1.0 0.7 0.5 0.5 0.4 0.2 Principal 4.6 3.5 3.7 4.0 2.8 2.5 1.8 1.7 1.7 1.6 Interest 0.7 0.6 0.4 0.3 0.2 0.2 0.2 0.1 0.1 0.1 Multilateral creditors Disbursements 6.2 5.1 3.7 2.9 2.1 0.7 0.3 0.1 0.0 0.0 Principal 1.9 1.8 1.8 2.0 2.5 2.6 2.7 2.8 3.1 3.4 Interest 0.9 0.9 0.9 0.9 0.8 0.8 0.8 0.7 0.7 0.7 Private creditors Disbursements 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Interest 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks Disbursements 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Interest 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Other private Disbursements 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Interest 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 226 ERITREA (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 I. SUMM AR Y DEBT DATA TOTAL DEBT STOCKS (EDT) .. . . . . 29.1 36.7 44.3 75.5 149.3 Long-term debt (LDOD) .. . . . . 29.1 36.7 44.3 75.5 144.1 Public and publicly guaranteed ... .. . 29.1 36.7 44.3 75.5 144.1 Private nonguaranteed ... .. . 0.0 0.0 0.0 0.0 0.0 Use of IMF credit ... .. . 0.0 0.0 0.0 0.0 0.0 Short-term debt ... .. . 0.0 0.0 0.0 0.0 5.2 of which interest arrears on LDOD ... .. . 0.0 0.0 0.0 0.0 0.0 Official creditors ... .. . 0.0 0.0 0.0 0.0 0.0 Private creditors ...... 0.0 0.0 0.0 0.0 0.0 Memo: principal arrears on LDOD ... .. . 0.0 0.0 0.0 0.0 0.0 Official creditors ... . .. .0 0.0 0.0 0.0 0.0 Private creditors ... .. .0.0 0.0 0.0 0.0 0.0 Memo: export credits ... .. .1.0 2.0 1.0 0.0 0.0 TOTAL DEBT FLOWS Disbursements ... .. . 26.6 7.2 6.9 33.3 65.3 Long-term debt ... .. . 26.6 7.2 6.9 33.3 65.3 IME purchases ... .. . 0.0 0.0 0.0 0.0 0.0 Principal repayments ... .. . 0.0 0.0 0.0 0.0 0.0 Long-term debt ... .. . 0.0 0.0 0.0 0.0 0.0 vIMP repurchases ... .. . 0.0 0.0 0.0 0.0 0.0 Net flows on debt ... .. . 26.6 7.2 6.9 33.3 70.5 of which short-term debt ... .. . 0.0 0.0 0.0 0.0 5.2 Interest payments (INT) ... .. . 0.0 0.2 0.0 0.5 3.8 Long-term debt ... .. . 0.0 0.2 0.0 0.5 3.6 JMIF charges ... .. . 0.0 0.0 0.0 0.0 0.0 Short-termn debt ... .... . 0.0 0.0 0.0 0.1 Net transfers on debt ... .. . 26.6 7.1 6.9 32.8 66.7 Total debt service paid (TDS) ... .. . 0.0 0.2 0.0 0.5 3.8 Long-termn debt ... .. . 0.0 0.2 0.0 0.5 3.6 IME repurchases and charges ... .. . 0.0 0.0 0.0 0.0 0.0 Short-termn debt (interest only) ... . 0.0 0.0 0.0 0.0 0.1 2. AGG;REGATE NET RESOUIRCE FLO%VS AND NET TRANSFERS ILON G-TERNI) NET RESOURCE FLOWS .. . . . . 140.3 110.3 96.3 93.3 139.2 Net flow of long-term debt (ex. vIMF) ... .. . 26.6 7.2 6.9 33.3 65.3 Foreign direct investment (net) ... .. . 0.0 0.0 0.0 0.0 0.0 Portfolio equity flows ... .. . 0.0 0.0 0.0 0.0 0.0 Grants (excluding technical coop.) ... .. . 113.7 103.1 89.4 60.0 73.9 Memo: technical coop. grants ... .. . 31.7 42.7 62.3 36.5 30.6 official net resource flows ... .. . 140.3 110.3 96.3 93.3 139.2 private net resource flows ... .. . 0.0 0.0 0.0 0.0 0.0 NET TRANSFERS .. . . . . 140.3 110.1 96.3 92.8 135.6 Interest on long-term debt ... .. . 0.0 0.2 0.0 0.5 3.6 Profit remiittances on FDI ... .. . 0.0 0.0 0.0 0.0 0.0 Memo: official net transfers ... . 140.3 110.1 96.3 92.8 135.6 private net transfers ... . 0.0 0.0 0.0 0.0 0.0 3. MLAJOR ECONON!IC AGGREGATES Gross national product (GNP) ... .. . 664.7 688.8 760.7 829.9 767.6 Exports of goods & services (XGS) ... .. . 310.7 298.1 344.5 394.6 261.4 of which workers renmittances ... .. . 166.4 119.0 136.1 183.1 119.7 Imports of goods & services (MGS) ... .. . 402.8 447.7 583.0 596.4 595.3 Intemnational reserves (RES) . .. .. ,. Current account balance ... .. . 61.6 -31.2 -103.8 -21.1 -216.4 41. DEBT L1NDICATORS EDT /XGS (%) ... .. . 9.4 12.3 12.9 19.1 57.1 EDT /GNP (%Y) ... .. . 4.4 5.3 5.8 9.1 19.5 TDS /XGS(% ... .. 0.0 0.1 0.0 0.1 1.5 INT /XGS (% .. .. . 0.0 0.1 0.0 0.1 1.5 INT /GNP(% ... .. 0.0 0.0 0.0 0.1 0.5 RES /EDT(% .. .. .. .. RES / MGS (months) .. .. .. . Short-term /EDT (%) ... .. . 0.0 0.0 0.0 0.0 3.5 ConcessionalfI EDT (% .. .. . 100.0 100.0 95.5 96.0 93.4 Multilateral / EDT (%) ... .. . 63.9 66.2 66.6 55.4 51.0 227 ERITREA (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 5. LONG-TERM DEBT DEBT OUTSTANDING (LDOD) .. . . . . 29.1 36.7 44.3 75.5 144.1 Public and publicly guaranteed ... .. . 29.1 36.7 44.3 75.5 144.1 Official creditors ... .. . 29.1 36.7 44.3 75.5 144.1 Multilateral ... .. . 18.6 24.3 29.5 41.8 76.1 Concessional ... .. . 18.6 24.3 27.5 38.9 71.5 Bilateral ... .. . 10.5 12.4 14.8 33.6 68.0 Concessional ... .. . 10.5 12.4 14.8 33.6 68.0 Private creditors ... . 0.0 0.0 0.0 0.0 0.0 Bonds ... . 0.0 0.0 0.0 0.0 0.0 Commercial banks ... .. . 0.0 0.0 0.0 0.0 0.0 Other private ... .. . 0.0 0.0 0.0 0.0 0.0 Private nonguaranteed ... .. . 0.0 0.0 0.0 0.0 0.0 Bonds ... .. . 0.0 0.0 0.0 0.0 0.0 Commercial banks ... .. . 0.0 0.0 0.0 0.0 0.0 Memo: IBRD ... .. . 0.0 0.0 0.0 0.0 0.0 IDA ... .. . 18.6 24.3 26.5 28.8 36.9 DISBURSEMENTS ... .. . 26.6 7.2 6.9 33.3 65.3 Public and publicly guaranteed ... .. . 26.6 7.2 6.9 33.3 65.3 Official creditors ... .. . 26.6 7.2 6.9 33.3 65.3 Multilateral ... .. . 16.0 5.4 4.5 14.2 31.3 Concessional ... .. . 16.0 5.4 2.5 12.9 29.9 Bilateral ...... 10.6 1.8 2.4 19.1 34.0 Concessional ... .. . 10.6 1.8 2.4 19.1 34.0 Private creditors ... .. . 0.0 0.0 0.0 0.0 0.0 Bonds ... .. . 0.0 0.0 0.0 0.0 0.0 Commrercial banks ... .. . 0.0 0.0 0.0 0.0 0.0 Other private ... .. . 0.0 0.0 0.0 0.0 0.0 Private nonguaranteed ... .. . 0.0 0.0 0.0 0.0 0.0 Bonds ... .. . 0.0 0.0 0.0 0.0 0.0 Commercial banks ... .. . 0.0 0.0 0.0 0.0 0.0 Memo: IBRD ... .. . 0.0 0.0 0.0 0.0 0.0 IDA ... .. . 16.0 5.4 1.5 3.8 6.3 PRINCIPAL REPAYMENTS .. . . . . 0.0 0.0 0.0 0.0 0.0 Public and publicly guaranteed ... .. . 0.0 0.0 0.0 0.0 0.0 Official creditors ... .. . 0.0 0.0 0.0 0.0 0.0 Multilateral ... .. . 0.0 0.0 0.0 0.0 0.0 Concessional ... .. . 0.0 0.0 0.0 0.0 0.0 Bilateral ... .. . 0.0 0.0 0.0 0.0 0.0 Concessional ... .. . 0.0 0.0 0.0 0.0 0.0 Private creditors ... .. . 0.0 0.0 0.0 0.0 0.0 Bonds ... .. . 0.0 0.0 0.0 0.0 0.0 Commercial banks ... .. . 0.0 0.0 0.0 0.0 0.0 Other private ... .. . 0.0 0.0 0.0 0.0 0.0 Private nonguaranteed ... .. . 0.0 0.0 0.0 0.0 0.0 Bonds ... .. . 0.0 0.0 0.0 0.0 0.0 Commercial banks ... .. . 0.0 0.0 0.0 0.0 0.0 Memo: IBRD ... .. . 0.0 0.0 0.0 0.0 0.0 IDA ... .. . 0.0 0.0 0.0 0.0 0.0 NET FLOWS ON DEBT .. . . . . 26.6 7.2 6.9 33.3 65.3 Public and publicly guaranteed ... .. . 26.6 7.2 6.9 33.3 65.3 Official creditors ... .. . 26.6 7.2 6.9 33.3 65.3 Multilateral ... .. . 16.0 5.4 4.5 14.2 31.3 Concessional ... .. . 16.0 5.4 2.5 12.9 29.9 Bilateral ... .. . 10.6 1.8 2.4 19.1 34.0 Concessional ... .. . 10.6 1.8 2.4 19.1 34.0 Private creditors ... .. . 0.0 0.0 0.0 0.0 0.0 Bonds ... .. . 0.0 0.0 0.0 0.0 0.0 Commercial banks ... .. . 0.0 0.0 0.0 0.0 0.0 Other private ... .. . 0.0 0.0 0.0 0.0 0.0 Private nonguaranteed ... .. . 0.0 0.0 0.0 0.0 0.0 Bonds ... .. . 0.0 0.0 0.0 0.0 0.0 Commnercial banks ... .. . 0.0 0.0 0.0 0.0 0.0 Memo: IBRD ... .. . 0.0 0.0 0.0 0.0 0.0 IDA ... .. . 16.0 5.4 1.5 3.8 6.3 228 ERITREA (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 INTEREST PAYMENTS (LINT) .. . . . . 0.0 0.2 0.0 0.5 3.6 Public and publicly guaranteed ... .. . 0.0 0.2 0.0 0.5 3.6 Official creditors ... .. . 0.0 0.2 0.0 0.5 3.6 Multilateral ... .. . 0.0 0.2 0.0 0.3 0.6 Concessional ... .. . 0.0 0.2 0.0 0.2 0.6 Bilateral ... .. . 0.0 0.0 0.0 0.2 3.0 Concessional ... .. . 0.0 0.0 0.0 0.2 3.0 Private creditors ... .. . 0.0 0.0 0.0 0.0 0.0 Bonds ... .. . 0.0 0.0 0.0 0.0 0.0 Commercial banks ... .. . 0.0 0.0 0.0 0.0 0.0 Other private ... .. . 0.0 0.0 0.0 0.0 0.0 Private nonguaranteed ... .. . 0.0 0.0 0.0 0.0 0.0 Bonds ... .. . 0.0 0.0 0.0 0.0 0.0 Commercial banks ... .. . 0.0 0.0 0.0 0.0 0.0 Memo: IBRD ... .. . 0.0 0.0 0.0 0.0 0.0 IDA ... .. . 0.0 0.2 0.0 0.2 0.2 NET TRANSFERS ON DEBT .. . . . . 26.6 7.1 6.9 32.8 61.7 Public and publicly guaranteed ... .. . 26.6 7.1 6.9 32.8 61.7 Official creditors ... .. . 26.6 7.1 6.9 32.8 61.7 Multilateral ... .. . 16.0 5.2 4.5 13.9 30.7 Concessional ... .. . 16.0 5.2 2.5 12.7 29.3 Bilateral ... .. . 10.6 1.8 2.4 18.9 31.0 Concessional ... .. . 10.6 1.8 2.4 18.9 31.0 Private creditors ... .. . 0.0 0.0 0.0 0.0 0.0 Bonds ... .. . 0.0 0.0 0.0 0.0 0.0 Commercial banks ... .. . 0.0 0.0 0.0 0.0 0.0 Other private ... .. . 0.0 0.0 0.0 0.0 0.0 Private nonguaranteed ... .. . 0.0 0.0 0.0 0.0 0.0 Bonds ... .. . 0.0 0.0 0.0 0.0 0.0 Commnercial banks ... .. . 0,0 0.0 0.0 0.0 0.0 Memo: EBRD ... .. . 0.0 0.0 0.0 0.0 0.0 IDA ... .. . 16.0 5.2 1.5 3.6 6.1 DEBT SERVICE (LTDS) ... .. . 0.0 0.2 0.0 0.5 3.6 Public and publicly guaranteed ... .. . 0.0 0.2 0.0 0.5 3.6 Official creditors ... .. . 0.0 0.2 0.0 0.5 3.6 Multilateral ... .. . 0.0 0.2 0.0 0.3 0.6 Concessional ... .. . 0.0 0.2 0.0 0.2 0.6 Bilateral ... .. . 0.0 0.0 0.0 0.2 3.0 Concessional ... .. . 0.0 0.0 0.0 0.2 3.0 Private creditors ... .. . 0.0 0.0 0.0 0.0 0.0 Bonds ... .. . 0.0 0.0 0.0 0.0 0.0 Commercial banks ... .. . 0.0 0.0 0.0 0.0 0.0 Other private ... .. . 0.0 0.0 0.0 0.0 0.0 Private nonguaranteed ... .. . 0.0 0.0 0.0 0.0 0.0 Bonds ... .. . 0.0 0.0 0.0 0.0 0.0 Commercial banks ... .. . 0.0 0.0 0.0 0.0 0.0 Memo: IBRD ... .. . 0.0 0.0 0.0 0.0 0.0 IDA ... .. . 0.0 0.2 0.0 0.2 0.2 UNDISBURSED DEBT .. . . . . 29.6 133.7 154.0 277.6 301.5 Official creditors ... .. . 29.6 133.7 154.0 277.6 301.5 Private creditors ... .. . 0.0 0.0 0.0 0.0 0.0 Memorandum items Concessional LDOD ... .. . 29.1 36.7 42.3 72.5 139.5 Variable rate LDOD ... .. . 0.0 0.0 0.0 0.0 0.0 Public sector LDOD ... .. . 29.1 36.7 44.3 75.5 144.1 Private sector LDOD ... 0.0 0.0 0.0 0.0 0.0 6. CURRENCY COMtPOSIFTION O-F LONG-TERAM DEBT (PE-RCENT) Deutsche mark ... .. . 0.0 0.0 0.0 0.0 0.0 French franc ... .. . 0.0 0.0 0.0 0.0 0.0 Japanese yen ... .. . 0.0 0.0 0.0 0.0 0.0 Pound sterling ... .. . 0.0 0.0 0.0 0.0 0.0 Swiss franc ... .. . 0.0 0.0 0.0 0.0 0.0 U.S.dollars ... .. . 64.0 66.2 59.8 48.9 45.0 Multiple currency ... .. . 0.0 0.0 0.0 0.0 0.0 Special drawing rights ... .. . 0.0 0.0 1.6 1.6 1.5 All other currencies ... .. . 36.0 33.8 38.6 49.5 53.5 229 ERITREA (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 7. DEBT RESTRUCTURINGS Total amount rescheduled ... .. . 0.0 0.0 0.0 0.0 0.0 Debt stock rescheduled ... .. . 0.0 0.0 0.0 0.0 0.0 Principal rescheduled ... .. . 0.0 0.0 0.0 0.0 0.0 Official ... .. . 0.0 0.0 0.0 0.0 0.0 Private ... .. . 0.0 0.0 0.0 0.0 0.0 Interest rescheduled ......... 0.0 0.0 0.0 0.0 Official ... .. . 0.0 0.0 0.0 0.0 0.0 Private ... .. . 0.0 0.0 0.0 0.0 0.0 Debt forgiven ... .. . 0.0 0.0 0.0 0.0 0.0 Memo: interest forgiven ... . 0.0 0.0 0.0 0.0 0.0 Debt stock reduction ... . 0.0 0.0 0.0 0.0 0.0 of which debt buyback ... . 0.0 0.0 0.0 0.0 0.0 5. DEBT STOCK-FLO%~ RECONCILIATION Total change in debt stocks ......... 7.6 7.6 31.2 73.9 Net flows on debt ... .. . 26.6 7.2 6.9 33.3 70.5 Net change in interest arrears ......... 0.0 0.0 0.0 0.0 Interest capitalized ......... 0.0 0.0 0.0 0.0 Debt forgiveness or reduction ......... 0.0 0.0 0.0 0.0 Cross-currency valuation ......... 0.0 -0.2 -0.8 1.1 Residual ......... 0.4 0.9 -1.4 2.3 9. AVERAGE TERMS OF NEW COMMITM ENTS ALL CREDITORS Interest (%) ... .. .1.2 2.0 1.0 1.2 0.9 Maturity (years) ... .. . 26.6 23.9 38.7 37.3 36.1 Grace period (years) ... .. . 6.1 5.6 9.5 10.9 8.1 Grant element (%) ... .. . 65.9 56.6 76.3 75.0 75.7 Official creditors Interest (%) ... .. .1.2 2.0 1.0 1.2 0.9 Maturity (years) ... .. . 26.6 23.9 38.7 37.3 36.1 Grace period (years) ... .. . 6.1 5.6 9.5 10.9 8.1 Grant element (%) ... .. . 65.9 56.6 76.3 75.0 75.7 P'rivate creditors Interest (%) ... .. . 0.0 0.0 0.0 0.0 0.0 Maturity (years) ... .. . 0.0 0.0 0.0 0.0 0.0 Grace period (years) ... .. . 0.0 0.0 0.0 0.0 0.0 Grant element (%) ... .. . 0.0 0.0 0.0 0.0 0.0 Memorandum items Commitmnents ... .. . 29.8 110.5 30.5 159.6 83.0 Official creditors ... .. . 29.8 110.5 30.5 159.6 83.0 Private creditors ... .. . 0.0 0.0 0.0 0.0 0.0 10. CONTRACTUAL OBLIGArlIONS ON OUTSTANDING LONG-TERMT DEBT 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 TOTAL Disbursements 70.4 76.8 58.6 42.6 28.2 15.1 8.7 1.1 0.1 0.0 Principal 1.0 5.9 7.8 9.7 10.8 11.6 12.5 12.9 13.6 15.2 Interest 2.3 3.9 4.7 5.0 5.0 4.9 4.8 4.6 4.3 4.0 Official creditors Disbursements 70.4 76.8 58.6 42.6 28.2 15.1 8.7 1.1 0.1 0.0 Principal 1.0 5.9 7.8 9.7 10.8 11.6 12.5 12.9 13.6 15.2 Interest 2.3 3.9 4.7 5.0 5.0 4.9 4.8 4.6 4.3 4.0 Bilateral creditors Disbursements 32.6 25.8 16.7 10.0 5.6 2.3 1.1 0.5 0.1 0.0 Principal 1.0 3.2 4.4 5.5 5.6 6.2 6.6 6.8 7.0 7.0 Interest 1.1 1.8 2.3 2.4 2.4 2.3 2.2 2.1 1.9 1.8 Multilateral creditors Disbursements 37.8 51.1 41.8 32.6 22.6 12.8 7.6 0.6 0.0 0.0 Principal 0.0 2.8 3.4 4.3 5.2 5.5 5.9 6.1 6.6 8.2 Interest 1.2 2.0 2.4 2.6 2.6 2.6 2.6 2.5 2.3 2.2 Private creditors Disbursements 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Interest 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commnercial banks Disbursements 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Interest 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Other private Disbursements 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Interest 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 230 ESTONIA (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 I. SUNMAMAR V DEBT DATA TOTAL DEBT STOCKS (EDT) .. . . 58.4 153.9 186.0 286.4 405.3 642.4 781.7 Long-term debt (LDOD) .. - . 47.8 96.1 117.0 164.9 220.3 280.4 443.7 Public and publicly guaranteed .. . . 33.8 84.9 108.6 159.3 216.5 197.5 231.3 Private nonguaranteed ... . 14.0 11.2 8.4 5.6 3.8 82.9 212.3 Use ofIMF credit .. . . 10.7 57.5 61.1 91.9 77.9 54.0 30.0 Short-term debt .. . . 0.0 0.3 8.0 29.7 107.0 308.0 308.0 of which interest arrears on LDOD .. . . 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Official creditors ... . 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private creditors ... . 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: principal arrears on LDOD .. . . 0.0 0.0 0.0 0.0 0.0 1.0 1.0 Official creditors .. . . 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private creditors ... . 0.0 0.0 0.0 0.0 0.0 1.0 1.0 Memo: export credits .. . . 0.0 23.0 47.0 73.0 83.0 86.0 93.0 TOTAL DEBT FLOWS Disbursements -- - - 46.9 110.2 31.1 81.1 100.4 98.9 113.2 Long-term debt .. . . 35.9 62.5 31.1 49.4 100.4 98.9 113.2 IMF purchases .. . . 10.9 47.6 0.0 31.7 0.0 0.0 0.0 Principal repaymnents -- - . 2.5 12.7 15.6 6.8 24.2 43.1 49.5 Long-term debt ... . 2.5 12.7 15.6 5.3 13.1 23.6 24.1 MEArepurchases .. . . 0.0 0.0 0.0 1.5 11.1 19.5 25.4 Net flows on debt -- . - 44.3 97.8 23.2 96.0 153.5 256.9 63.8 of which short-term debt .. . . 0.0 0.3 7.7 21.7 77.4 201.0 0.0 Interest payments (INT) .. . . 1.3 5.7 10.8 14.5 18.7 27.1 39.0 Long-term debt ... . 1.2 4.6 7.2 8.6 10.0 12.5 22.3 IMF charges ... . 0.1 1.1 3.1 4.7 3.9 3.1 2.3 Short-termn debt ... . 0.0 0.0 0.5 1.1 4.8 11.4 14.4 Net transfers on debt -. - . 43.1 92.0 12.4 81.6 134.8 229.8 24.8 Total debt service paid (TDS) .. . - 3.8 18.4 26.4 21.3 43.0 70.1 88.5 Long-termn debt .. . . 3.7 17.3 22.8 13.9 23.2 36.1 46.4 IiMFrepurchases and charges .. . . 0.1 1.1 3.1 6.2 15.0 22.6 27.6 Short-term debt (interest only) ... . 0.0 0.0 0.5 1.1 4.8 11.4 14.4 2. AGGREGATE NET RESOUJRCE FLOWS A-ND NET TRANSFERS i LONG-TERMI NET RESOURCE FLOWS .. - . 186.4 237.2 257.6 272.2 278.2 389.0 780.5 Net flow of long-term debt (ex. JMF) .. . . 33.4 49.8 15.5 44.0 87.3 75.4 89.1 Foreign direct investment (net) .. . . 82.0 162.2 214.4 201.5 150.2 266.2 581.0 Portfolio equity flows ... . 0.0 0.0 9.8 7.0 5.0 1.3 52.9 Grants (excluding technical coop.) ... . 71.0 25.1 17.9 19.7 35.7 46.2 57.5 Memo: technical coop. grants .. . . 23.3 17.3 22.6 36.9 23.4 19.8 18.5 official net resource flows .. . . 82.0 74.8 46.1 64.9 87.5 53.0 66.5 private net resource flows .. . . 104.4 162.4 211.5 207.3 190.7 336.0 714.0 NET TRANSFERS -. . . 185.3 232.6 250.3 263.6 263.2 368.4 746.2 Interest on long-term debt ... . 1.2 4.6 7.2 8.6 10.0 12.5 22.3 Profit remiittances on FDI ... . 0.0 0.0 0.0 0.0 5.0 8.0 12.0 Memo: official net tiransfers ..82.0 72.9 42.1 58.1 78.9 44.0 57.1 private net transfers ...103.3 159.7 208.2 205.5 184.3 324.4 689.1 3. NMAOR ECONOMNIC AGGREGATES Gross national product (GNP) .. . . 4,172.9 3,888.5 3,893.6 4,792.5 4,360.4 4,614.9 5,120.9 Exports of goods & services (XGS) .. . . 664.3 1,173.2 1,777.7 2,636.8 3,032.9 3,724.5 4,303.4 of which workers remittances .. . . 0.0 0.0 0.1 0.0 0.0 0.1 0.1 Imports of goods & services (MGS) .. . . 725.1 1,256.8 2,058.5 2,920.9 3,531.7 4,403.0 4,929.6 Intemnational reserves (RES) ... 197.5 389.2 446.4 583.0 639.8 760.0 813.5 Current account balance ... 36.2 21.6 -166.3 -157.8 -398.3 -561.9 -477.9 4. DEBT INDICATORS EDT /XGS (%) .. . . 8.8 13.1 10.5 10.9 13.4 17.3 18.2 EDT /GNP (%) .. . . 1.4 4.0 4.8 6.0 9.3 13.9 15.3 TDS /XGS (%) .. . . 0.6 1.6 1.5 0.8 1.4 1.9 2.1 lINT / XGS (%) .. . . 0.2 0.5 0.6 0.6 0.6 0.7 0.9 lINT / GNP (%) .. . . 0.0 0.2 0.3 0.3 0.4 0.6 0.8 RES /EDT (%) .. . . 338.2 252.9 240.0 203.6 157.9 118.3 104.1 RES / MGS (months) .. . . 3.3 3.7 2.6 2.4 2.2 2.1 2.0 Short-term /EDT (%) .. . . 0.0 0.2 4.3 10.4 26.4 48.0 39.4 Concessional /EDT(% .. . 17.1 9.1 12.8 9.9 7.8 4.9 3.8 Multilateral /EDT (%) .. . . 1.9 29.4 35.2 37.7 31.3 19.1 17.6 231 ESTONIA (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 5. LONG-TERN] DEBT DEBT OUTSTANDING (LDOD) .. . . 47.8 96.1 117.0 164.9 220.3 280.4 443.7 Public and publicly guaranteed .. . . 33.8 84.9 108.6 159.3 216.5 197.5 231.3 Official creditors ... . 11.0 59.3 92.0 140.6 162.2 159.6 173.6 Multilateral ... . 1.1 45.3 65.5 108.0 126.8 122.5 137.3 Concessional ... . 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bilateral ... . 10.0 14.0 26.4 32.5 35.5 37.1 36.3 Concessional ... . 10.0 14.0 23.8 28.4 31.6 31.6 29.7 Private creditors ... . 22.7 25.5 16.6 18.7 54.3 37.9 57.7 Bonds ... . 0.0 0.0 0.0 0.0 38.6 33.5 53.8 Comimercial banks ... . 0.0 0.0 0.0 2.1 0.0 0.0 0.0 Other private ... . 22.7 25.5 16.6 16.6 15.7 4.5 3.9 Private nonguaranteed .. . . 14.0 11.2 8.4 5.6 3.8 82.9 212.3 Bonds ... . 0.0 0.0 0.0 0.0 0.0 80.9 86.7 Conmmercial banks ... . 14.0 11.2 8.4 5.6 3.8 2.0 125.7 Memo: IBRD ... . 1.1 19.8 31.0 49.8 62.2 71.5 83.7 IDA ... . 0.0 0.0 0.0 0.0 0.0 0.0 0.0 DISBURSEMENTS .. . . 35.9 62.5 31.1 49.4 100.4 98.9 113.2 Public and publicly guaranteed .. . . 34.0 62.5 31.1 49.4 100.4 18.0 41.5 Official creditors ... . 11.0 49.7 28.2 45.2 58.7 15.9 23.7 Multilateral ... . 1.1 45.6 15.8 39.2 54.2 14.3 22.6 Concessional ... . 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bilateral ... . 10.0 4.1 12.4 6.0 4.5 1.6 1.1 Concessional ... . 10.0 4.1 9.8 4.6 3.1 0.0 0.0 Private creditors ... . 23.0 12.8 2.9 4.2 41.7 2.2 17.8 Bonds ... . 0.0 0.0 0.0 0.0 39.9 0.0 17.1 Commercial banks ... . 0.0 0.0 0.0 2.1 0.0 0.0 0.0 Other private ... . 23.0 12.8 2.9 2.1 1.8 2.2 0.8 Private nonguaranteed ... . 1.9 0.0 0.0 0.0 0.0 80.9 71.7 Bonds ... . 0.0 0.0 0.0 0.0 0.0 80.9 0.0 Commercial banks ... . 1.9 0.0 0.0 0.0 0.0 0.0 71.7 Memo: IBRD ... . 1.1 18.9 9.7 18.0 16.5 10.9 13.0 IDA ... . 0.0 0.0 0.0 0.0 0.0 0.0 0.0 PRINCIPAL REPAYMENTS .. . . 2.5 12.7 15.6 5.3 13.1 23.6 24.1 Public and publicly guaranteed ... . 0.0 9.9 12.8 2.5 11.3 21.8 16.3 Official creditors ... . 0.0 0.0 0.0 0.0 6.9 9.1 14.7 Multilateral ... . 0.0 0.0 0.0 0.0 5.4 9.1 12.9 Concessional ... . 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bilateral ... . 0.0 0.0 0.0 0.0 1.5 0.0 1.8 Concessional ... . 0.0 0.0 0.0 0.0 0.0 0.0 1.8 Private creditors ... . 0.0 9.9 12.8 2.5 4.4 12.7 1.6 Bonds ... . 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks ... . 0.0 0.0 0.0 0.0 2.1 0.0 0.0 Other private ... . 0.0 9.9 12.8 2.5 2.3 12.7 1.6 Private nonguaranteed ... . 2.5 2.8 2.8 2.8 1.8 1.8 7.8 Bonds ... . 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks ... . 2.5 2.8 2.8 2.8 1.8 1.8 7.8 Memo: IBRD ... . 0.0 0.0 0.0 0.0 0.0 0.0 2.8 IDA ... . 0.0 0.0 0.0 0.0 0.0 0.0 0.0 NET FLOWS ON DEBT .. . . 33.4 49.8 15.5 44.0 87.3 75.4 89.1 Public and publicly guaranteed .. . . 34.0 52.6 18.3 46.8 89.1 -3.8 25.3 Official creditors ... . 11.0 49.7 28.2 45.2 51.8 6.8 9.0 Multilateral ... . 1.1 45.6 15.8 39.2 48.8 5.2 9.7 Concessional ... . 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bilateral ... . 10.0 4.0 12.4 6.0 3.0 1.6 -0.7 Concessional ... . 10.0 4.1 9.8 4.6 3.1 0.0 -1.8 Private creditors ... . 23.0 3.0 -9.9 1.6 37.3 -10.6 16.3 Bonds ... . 0.0 0.0 0.0 0.0 39.9 0.0 17.1 Commercial banks ... . 0.0 0.0 0.0 2.1 -2.1 0.0 0.0 Other private ... . 23.0 3.0 -9.9 -0.5 -0.5 -10.6 -0.8 Private nonguaranteed ... . -0.6 -2.8 -2.8 .2.8 -1.8 79.1 63.8 Bonds ... . 0.0 0.0 0.0 0.0 0.0 80.9 0.0 Commnercial banks ... . -0.6 -2.8 -2.8 -2.8 -1.8 -1.8 63.8 Memo: IBRD ... . 1.1 18.9 9.7 18.0 16.5 10.9 10.3 IDA ... . 0.0 0.0 0.0 0.0 0.0 0.0 0.0 232 ESTONIA (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 INTEREST PAYMENTS (LINT) .. . . 1.2 4.6 7.2 8.6 10.0 12.5 22.3 Public and publicly guaranteed .. . . 0.0 3.6 6.5 8.0 9.7 12.2 11.9 Official creditors ... . 0.0 1.9 4.0 6.8 8.6 9.0 9.4 Multilateral ... . 0.0 1.7 3.3 5.6 7.6 7.7 8.0 Concessional ... . 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bilateral ... . 0.0 0.2 0.6 1.1 1.0 1.2 1.4 Concessional ... . 0.0 0.2 0.5 0.9 0.6 0.7 0.9 Private creditors ... . 0.0 1.7 2.5 1.2 1.1 3.2 2.5 Bonds o.o 0.0 0.0 0.0 0.0 2.1 2.0 Commnercial banks ... . 0.0 0.0 0.0 0.1 0.1 0.0 0.0 Other private ... . 0.0 1.7 2.5 1.1 1.0 1.1 0.4 Private nonguaranteed .. . . 1.1 1.0 0.8 0.6 0.3 0.4 10.4 Bonds o.o 0.0 0.0 0.0 0.0 0.1 5.7 Commercial banks ... . 1.1 1.0 0.8 0.6 0.3 0.3 4.7 Memo: EBRD ... . 0.0 0.4 1.7 2.5 3.6 4.2 4.6 IDA ... . 0.0 0.0 0.0 0.0 0.0 0.0 0.0 NET TRANSFERS ON DEBT .. . . 32.3 45.2 8.3 35.4 77.2 62.8 66.8 Public and publicly guaranteed .. . . 34.0 49.0 11.9 38.8 79.3 -15.9 13.4 Official creditors ... . 11.0 47.8 24.3 38.4 43.2 -2.2 -0.4 Multilateral ... . 1.1 43.9 12.5 33.6 41.2 -2.5 1.7 Concessional ... . 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bilateral ... . 10.0 3.8 11.8 4.8 2.0 0.3 -2.2 Concessional ... . 10.0 3.9 9.3 3.7 2.5 -0.7 -2.7 Private creditors ... . 22.9 1.3 -12.4 0.4 36.1 -13.8 13.8 Bonds o.o 0.0 0.0 0.0 39.9 -2.1 15.0 Commercial banks ... . 0.0 0.0 0.0 2.0 -2.2 0.0 0.0 Other private ... . 22.9 1.3 -12.4 -1.6 -1.5 -11.7 -1.2 Private nonguaranteed ... . -1.7 -3.8 -3.6 -3.4 -2.1 78.8 53.4 Bonds ... . 0.0 0.0 0.0 0.0 0.0 80.8 -5.7 Commercial banks ... . -1.7 -3.8 -3.6 -3.4 -2.1 -2.1 59.1 Memo: IBRD ... . 1.1 18.5 8.0 15.5 12.9 6.7 5.6 IDA ... . 0.0 0.0 0.0 0.0 0.0 0.0 0.0 DEBT SERVICE (LTDS) .. . . 3.7 17.3 22.8 13.9 23.2 36.1 46.4 Public and publicly guaranteed .. . . 0.0 13.5 19.2 10.5 21.1 33.9 28.2 Official creditors ... . 0.0 1.9 4.0 6.8 15.5 18.0 24.1 Multilateral ... . 0.0 1.7 3.3 5.6 13.0 16.8 20.8 Concessional ... . 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bilateral ... . 0.0 0.2 0.6 1.1 2.5 1.2 3.3 Concessional ... . 0.0 0.2 0.5 0.9 0.6 0.7 2.7 Private creditors ... . 0.0 11.6 15.3 3.8 5.6 15.9 4.1 Bonds o.o 0.0 0.0 0.0 0.0 2.1 2.0 Commercial banks ... . 0.0 0.0 0.0 0.1 2.2 0.0 0.0 Other private ... . 0.0 11.6 15.3 3.6 3.3 13.8 2.0 Private nonguaranteed .. . . 3.7 3.8 3.6 3.4 2.1 2.2 18.3 Bonds o.o 0.0 0.0 0.0 0.0 0.1 5.7 Commercial banks ... . 3.7 3.8 3.6 3.4 2.1 2.1 12.6 Memo: IBRD ... . 0.0 0.4 1.7 2.5 3.6 4.2 7.4 IDA ... . 0.0 0.0 0.0 0.0 0.0 0.0 0.0 UNDISBURSED DEBT .. . . 82.7 74.0 154.8 128.0 112.9 75.4 53.2 Official creditors ... . 74.5 66.8 149.6 126.8 105.2 70.7 52.3 Private creditors ... . 8.2 7.2 5.2 1.3 7.8 4.7 0.9 Memorandum items Concessional LDOD ... . 10.0 14.0 23.8 28.4 31.6 31.6 29.7 Variable rate LDOD ... . 16.4 64.1 95.3 132.4 125.4 203.6 356.3 Public sector LDOD ... . 33.8 84.9 108.6 159.3 216.5 197.5 231.3 Private sector LDOD ... . 14.0 11.2 8.4 5.6 3.8 82.9 212.3 6. CLRRENCY COMIPOSITION OF LONG-TERMI DEBT (PERCENT) Deutsche mark ... . 0.0 3.7 9.1 14.7 30.4 64.2 59.3 French franc o.o 0.0 0.0 0.0 0.0 0.0 0.0 Japanese yen ... . 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Pound sterling ... . 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Swiss franc o.o 0.0 0.0 0.0 0.0 0.0 0.0 U.S.dollars ... . 92.7 42.4 32.7 27.4 21.2 18.9 16.3 Multiple currency ... . 3.3 23.3 28.6 31.3 28.7 0.0 0.0 Special drawing rights ... . 0.0 0.0 0.0 0.0 0.0 0.0 0.0 All other cur-rencies ... . 4.0 30.6 29.6 26.6 19.7 16.9 24.4 233 ESTONIA (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 7. DEBT RESTRU'CTURINGS Total amount rescheduled ... . 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Debt stock rescheduled ... . 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal rescheduled ... . 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Official ... . 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private ... . 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Interest rescheduled .... . 0.0 0.0 0.0 0.0 0.0 0.0 Official ... . 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private ... . 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Debt forgiven ... . 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: interest forgiven ..0.0 0.0 0.0 0.0 0.0 0.0 0.0 Debt stock reduction ..0.0 0.0 0.0 0.0 0.0 0.0 0.0 of which debt buyback ..0.0 0.0 0.0 0.0 0.0 0.0 0.0 8. DEBT STOCK-FLOW RECONCILIATION Total change in debt stocks ...... 95.5 32.2 100.4 118.8 237.2 139.3 Net flows on debt ... . 44.3 97.8 23.2 96.0 153.5 256.9 63.8 Net change in interest arrears ...... 0.0 0.0 0.0 0.0 0.0 0.0 Interest capitalized ...... 0.0 0.0 0.0 0.0 0.0 0.0 Debt forgiveness or reduction .... . 0.0 0.0 0.0 0.0 0.0 0.0 Cross-currency valuation . .... -2.4 6.6 5.7 -11.3 -12.9 10.1 Residual ...... 0.1 2.3 -1.3 -23.4 -6.8 65.5 9. AV~ERAGE TERMIS OF NEWV CONMMTNIENTS ALL CREDITORS Interest (%) ... . 7.2 4.4 7.3 7.1 6.3 3.1 6.4 Maturity (years) ... . 11.1 9.8 14.8 15.0 8.7 5.1 5.2 Grace period (years) ... . 3.7 4.8 5.6 5.5 2.7 0.6 5.0 Grant element (%) ... . 13.3 26.2 15.3 16.4 15.3 15.6 13.5 Official creditors Interest (%) ... . 6.9 4.0 7.3 7.1 6.5 0.0 8.5 Maturity (years) ... . 13.5 10.4 14.8 15.0 12.4 0.0 14.9 Grace period (years) ... . 4.7 4.1 5.6 5.5 2.7 0.0 5.4 Grant element (%) ... . 17.3 27.9 15.3 16.4 19.2 0.0 8.1 Private creditors Interest (%i) ... . 8.1 6.0 0.0 0.0 5.9 3.1 6.4 Maturity (years) ... . 4.9 7.4 0.0 0.0 3.6 5.1 5.1 Grace period (years) ... . 1.0 7.3 0.0 0.0 2.8 0.6 5.0 Grant element (%) ... . 2.8 19.9 0.0 0.0 10.1 15.6 13.6 Memorandum items Commitments ... . 119.8 57.4 105.6 20.0 116.8 0.0 17.5 Official creditors ... . 87.2 44.8 105.6 20.0 67.6 0.0 0.1 Private creditors ..32.6 12.6 0.0 0.0 49.2 0.0 17.3 10. CONTRACTUAL OBLIGATFIONS ON OLTTST.-N-DING LONG-TERM DEBT 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 TOTAL Disbursements 18.3 13.7 9.2 4.9 3.3 2.1 0.9 0.7 0.4 0.0 Principal 54.9 59.6 22.2 50.1 38.7 45.9 19.0 19.0 19.0 14.2 Interest 23.9 18.7 15.5 14.3 10.3 8.4 5.3 4.2 3.1 2.0 Official creditors Disbursements 17.6 13.4 9.1 4.9 3.3 2.1 0.9 0.7 0.4 0.0 Principal 17.4 22.1 21.1 25.6 20.8 19.0 19.0 19.0 19.0 14.2 Interest 10.9 10.2 9.6 8.8 7.6 6.4 5.3 4.2 3.1 2.0 Bilateral creditors Disbursements 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal 2.2 2.5 2.5 6.3 3.1 3.1 3.1 3.1 3.1 1.3 Interest 1.2 1.1 1.0 0.9 0.8 0.7 0.6 0.5 0.4 0.2 Multilateral creditors Disbursements 17.6 13.4 9.1 4.9 3.3 2.1 0.9 0.7 0.4 0.0 Principal 15.2 19.6 18.6 19.3 17.6 15.9 15.9 15.9 15.9 12.9 Interest 9.7 9.1 8.6 7.9 6.7 5.7 4.7 3.7 2.7 1.8 Private creditors Disbursements 0.6 0.2 0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal 37.5 37.5 1.1 24.4 17.9 26.9 0.0 0.0 0.0 0.0 Interest 13.0 8.5 6.0 5.4 2.7 1.9 0.0 0.0 0.0 0.0 Cominercial banks Disbursements 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Interest 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Other private Disbursements 0.6 0.2 0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal 37.5 37.5 1.1 24.4 17.9 26.9 0.0 0.0 0.0 0.0 Interest 13.0 8.5 6.0 5.4 2.7 1.9 0.0 0.0 0.0 0.0 234 ETHIOPIA (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 1. SUMMIAR YDEBT DATA TOTAL DEBT STOCKS (EDT) 824 8,634 9,341 9,703 10,067 10,310 10,079 10,079 10,352 Long-term debt (LDOD) 169 688 8,483 9,003 9,287 9,571 9,776 9,485 9,427 9,618 Public and publicly guaranteed 169 688 8,483 9,003 9,287 9,571 9,776 9,485 9,427 9,618 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Useof IMF credit 0 79 6 19 49 72 74 92 87 107 Short-term debt 57 145 319 368 424 461 502 565 626 of which interest ar-rears on LDOD 1 43 259 337 393 437 481 541 603 Official creditors 0 39 246 322 374 417 460 523 584 Private creditors 0 3 12 15 19 20 21 18 19 Memo: principal arrears on LDOD 1 236 1,521 2,105 2,811 3,630 4,303 4,756 5,196 Official creditors ..0 196 1,431 1,977 2,646 3,453 4,103 4,530 4,965 Private creditors 1 40 90 128 165 177 200 227 231 Memo: export credits 0 311 239 235 234 239 300 248 287 TOTAL DEBT FLOWS Disbursements 28 119 378 346 409 258 232 315 179 163 Long-term debt 28 110 378 326 379 238 232 294 179 143 IMF purchases 0 9 0 20 30 20 0 21 0 20 Principal repayments 15 17 177 62 66 68 91 292 52 69 Long-tennmdebt 15 17 152 62 66 68 91 292 52 65 IMErepurchases 0 0 25 0 0 0 0 0 0 4 Net flowvs on debt 13 94 207 233 314 190 133 21 130 93 of which short-term debt .. -8 7 -5(} -29 0 -8 -2 3 -1 Interest paymients (INT) .. 28 59 47 29 44 63 55 47 50 Long-term debt 6 17 49 42 24 40 61 54 46 48 UIMEcharges 0 2 2 0 0 0 0 0 0 1 Short-termndebt ..9 8 5 5 4 1 1 1 1 Net transfers on debt .. 67 148 186 285 146 70 -35 82 43 Total debt service paid (TDS) .. 45 236 109 95 112 154 348 100 119 Long-tenrmdebt 21 34 201 104 90 107 152 346 98 113 IMFrepurchases and charges 0 2 27 0 0 0 0 0 0 5 Short-term debt (interest only) ..9 8 5 5 4 1 1 1 1 2. AGG REGATE NET RESOURCE FLOWS AND NET TRANSFERS tLONG-TERMNI NET RESOURCE FLOWS 23 218 842 1,156 883 811 624 396 482 500 Net flow of long-term debt (ex.IMF 1 3 93 225 263 314 170 141 1 127 78 Foreign direct investment (net) 4 0 12 6 7 3 8 5 5 4 Porffolio equity flows 0 0 0 0 0 0 0 0 0 0 Grants (excluding technical coop.) 6 125 604 886 562 638 475 390 350 418 Memo: technical coop. grants 20 44 254 185 166 123 164 200 151 118 official net resource flows 26 191 886 1,070 903 840 664 601 455 494 private net resource flows -3 26 -45 86 -20 -30 -40 -205 27 6 NET TRANSFERS 10 201 793 1,114 859 771 563 343 436 452 Interest on long-term debt 6 17 49 42 24 40 61 54 46 48 Profit remittances onFDI 6 0 0 0 0 0 0 0 0 0 Memo: official net transfers 21 177 862 1,050 882 810 632 562 413 449 private net transfers -11 24 -69 63 -23 -39 -69 -220 23 3 3. MALJOR ECONOMIUC AGGREGATES Gross national product (GNP) ... 6,788 5,520 6,153 4,825 5,719 5,967 6,338 6,453 Exports of goods & services (XGS) 185 591 677 459 514 563 808 823 1,041 1,053 of which workers remiittances ..0 0 0 0 0 0 0 0 0 Imports of goods &services (MGS) 226 797 1,141 1,166 1,366 1,187 1,356 1,731 1,755 1,922 Intemnational reserves (RES) 72 262 55 270 500 588 815 733 502 520 Current account balance -40 -126 -244 -335 497 -291 -90 -461 -455 -520 4. DEBT INDICATORS EDT /XGS (% . 139.5 1,276.3 2,036.9 1,889.3 1,788.1 1,276.6 1,224.5 968.1 983.5 EDT /GNP(% ... 127.2 169.2 157.7 208.7 180.3 168.9 159.0 160.4 TDS /XGS% .. 7.6 34.9 23.9 18.5 19.8 19.1 42.2 9.6 11.3 INT / XGS (% . 4.7 8.7 10.3 5.7 7.8 7.8 6.7 4.5 4.8 INT /GNP(% .. 0.9 0.9 0.5 0.9 1.1 0.9 0.8 0.8 RES /EDT% .. 31.9 0.6 2.9 5.2 5.8 7.9 7.3 5.0 5.0 RES / MGS (months) 3.8 4.0 0.6 2.8 4.4 5.9 7.2 5.1 3.4 3.3 Short-termn/ EDT (%) .. 6.9 1.7 3.4 3.8 4.2 4.5 5.0 5.6 6.1 Concessional /EDT (% . 68.3 87.3 84.1 84.4 84.3 84.6 86.3 85.7 85.1 Multilateral /EDT (%) .. 41.3 14.7 16.1 18.9 21.2 22.7 24.7 24.4 25.4 235 ETHIOPIA (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 5. LONG- 'ERNI DEBT DEBT OUTSTANDING (LDOD) 169 688 8,483 9,003 9,287 9,571 9,776 9,485 9,427 9,618 Public and publicly guaranteed 169 688 8,483 9,003 9,287 9,571 9,776 9,485 9,427 9,618 Official creditors 140 638 7,906 8,238 8,583 8,917 9,180 9,130 9,074 9,268 Multilateral 70 340 1,268 1,503 1,838 2,132 2,341 2,486 2,460 2,629 Concessional 23 282 1,151 1,367 1,695 1,970 2,159 2,278 2,233 2,391 Bilateral 70 299 6,638 6,735 6,745 6,785 6,839 6,644 6,614 6,639 Concessional 70 281 6,386 6,491 6,489 6,515 6,559 6,418 6,400 6,423 Private creditors 29 49 577 765 704 654 596 354 353 350 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 10 116 363 327 292 253 27 25 20 Other private 29 39 461 402 376 362 343 327 328 330 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 0 0 Memo: IBRD 47 56 27 12 7 4 0 0 0 0 IDA 23 249 824 964 1,187 1,373 1,470 1,555 1,532 1,632 DISBURSEMENTS 28 110 378 326 379 238 232 294 179 143 Public and publicly guaranteed 28 110 378 326 379 238 232 294 179 143 Official creditors 25 77 327 213 369 234 232 272 149 132 Multilateral 8 36 139 187 364 234 209 272 145 127 Concessional 3 34 128 162 344 213 177 223 92 ill Bilateral 17 41 188 26 5 0 23 0 4 5 Concessional 17 37 131 22 5 0 23 0 4 5 Private creditors 2 33 51 113 10 4 0 22 30 11 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 2 0 102 0 0 0 0 0 0 Other private 2 31 51 11 10 4 0 22 30 11 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 0 0 Memo: IBRD 6 0 0 0 0 0 0 0 0 0 IDA 3 28 74 112 230 150 84 142 65 69 PRINCIPAL REPAYMENTS 15 17 152 62 66 68 91 292 52 65 Public and publicly guaranteed 15 17 152 62 66 68 91 292 52 65 Official creditors 6 11 45 29 29 32 43 61 45 57 Multilateral 3 4 16 23 23 28 40 42 42 45 Concessional 0 0 7 11 12 17 22 23 24 27 Bilateral 3 6 29 6 6 3 3 19 3 11 Concessional 3 6 13 4 4 2 3 13 3 11 Private creditors 9 7 107 33 37 36 48 231 8 8 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 3 45 26 36 35 39 226 2 5 Other private 9 4 62 8 1 1 9 5 6 3 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 0 0 Memo: IBRD 3 4 7 7 6 4 4 0 0 0 IDA 0 0 4 6 8 10 12 14 15 18 NET FLOWS ON DEBT 13 93 225 263 314 170 141 1 127 78 Public and publicly guaranteed 13 93 225 263 314 170 141 1 127 78 Official creditors 20 67 282 184 341 203 189 211 105 75 Multilateral 5 32 123 163 341 206 169 230 104 82 Concessional 3 33 121 151 332 196 155 201 68 83 Bilateral 14 35 159 20 -1 -3 19 -19 1 -7 Concessional 14 30 119 18 0 -1 20 -12 1 -6 Private creditors -7 26 -57 80 -27 -33 -48 -210 22 2 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 -1 -45 76 -36 -35 -39 -226 -2 -5 Other private -7 27 -12 3 9 2 -9 16 24 7 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Comimercial banks 0 0 0 0 0 0 0 0 0 0 Memo: IIBRD 3 -4-7 -7 -6 -4 -40 0 0 IDA 3 28 69 106 222 140 71 128 50 51 236 ETHIOPIA (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 INTEREST PAYMENTS (LINT) 6 17 49 42 24 40 61 54 46 48 Public and publicly guaranteed 6 17 49 42 24 40 61 54 46 48 Official creditors 5 15 24 20 21 31 32 39 42 45 Multilateral 3 8 13 19 20 25 24 30 33 33 Concessional 0 2 7 9 10 13 14 16 17 17 Bilateral 2 6 11 1 1 6 9 9 8 12 Concessional 2 5 9 1 1 3 6 4 4 8 Private creditors 2 2 24 22 3 9 29 15 4 3 Bonds 0 0 0 0 0 0 0 0 0 0 Commnercial banks 0 2 11 21 3 9 27 15 2 1 Other private 2 1 1 3 2 0 0 2 1 3 2 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 0 0 Memo: IBRD 3 7 2 1 1 0 0 0 0 0 IDA 0 2 6 7 7 10 11 11 11 11 NET TRANSFERS ON DEBT 7 76 177 221 290 130 80 -52 81 30 Public and publicly guaranteed 7 76 177 221 290 130 80 -52 81 30 Official creditors 15 52 258 164 320 172 157 172 63 31 Multilateral 3 23 110 145 322 181 146 200 70 49 Concessional 3 31 114 142 322 183 141 185 51 66 Bilateral 12 29 148 19 -2 -9 11 -28 -7 -18 Concessional 12 25 110 17 -1 -4 14 -16 -3 -14 Private creditors -8 24 -81 57 -30 -42 -77 -225 18 -1 Bonds 0 0 0 0 0 0 0 0 0 0 Commnercial banks 0 -2 -56 56 -39 -44 -66 -240 -4 -7 Other private -8 26 -25 2 9 2 -11 16 22 6 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 0 0 Memo: IBRD 0 -10 -9 -8 -7 -4 -40 0 0 IDA 3 26 64 99 215 131 60 116 38 40 DEBT SERVICE (LTDS) 21 34 201 104 90 107 152 346 98 113 Public and publicly guaranteed 21 34 201 104 90 107 152 346 98 113 Official creditors 1 1 25 69 49 49 62 76 100 86 102 Multilateral 6 13 29 42 42 53 64 72 75 79 Concessional 0 2 14 20 22 30 36 38 41 44 Bilateral 5 13 40 7 7 10 12 28 11 23 Concessional 5 11 22 4 5 4 9 16 7 19 Private creditors 11 9 131 56 40 45 77 246 12 12 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 4 56 47 39 44 66 240 4 7 Other private 11 5 76 9 2 1 11 6 9 5 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Corrmercial banks 0 0 0 0 0 0 0 0 0 0 Memo: IBRD 6 10 9 8 7 4 4 0 0 0 IDA 0 2 10 13 15 19 23 25 26 29 UNDISBURSED DEBT 108 436 2,001 1,182 1,413 1,328 1,223 1,050 857 1,756 Official creditors 105 383 1,565 1,152 1,393 1,313 1,216 1,019 842 1,752 Private creditors 4 54 436 30 19 1 5 8 32 15 4 Memorandum items Concessional LDOD 93 562 7,537 7,858 8,185 8,485 8,717 8,695 8,633 8,813 Variable rate LDOD 0 10 114 104 101 84 67 29 26 20 Public sector LDOD 161 685 8,481 9,002 9,286 9,571 9,776 9,485 9,427 9,618 Private sector LDOD 8 3 1 1 0 0 0 0 0 0 6. CURRENCY COM[POSITION OF LONG-TERNI DEBT-(PERCENT) Deutsche mark 2.7 8.1 1.9 1.9 1.9 2.2 2.3 2.2 1.8 1.8 French franc 0.0 0.0 0.2 0.1 0.1 0.0 0.1 0.1 0.1 0.1 Japanese yen 0.0 2.5 0.5 0.3 0.4 0.4 0.4 0.2 0.1 0.2 Pound sterling 2.1 2.3 0.3 0.2 0.1 0.1 0.2 0.2 0.2 0.2 Swiss franc 0.2 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 U.S.dollars 41.8 64.5 24.2 27.6 28.6 29.2 29.0 26.8 27.5 28.1 Multiple currency 28.1 14.7 4.4 5.0 6.1 6.9 7.9 8.6 8.8 9.2 Special drawing rights 0.0 0.0 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 All other currencies 25.1 7.8 68.2 64.6 62.5 60.9 59.8 61.6 61.2 60.1 237 ETHIOPIA (US$ million, unless otherwise indicated) 1970 1980 1990- 1992 1993 1994 1995 1996 1997 1998 7. DEBT RESTRUICTUIRINGS Total amount rescheduled ..0 134 66 47 28 0 105 35 Debt stock rescheduled ...0 0 0 0 0 0 0 0 Principal rescheduled ..0 106 5 1 38 23 0 89 22 Official ..0 38 25 19 12 0 73 14 Private 0 68 26 19 1 1 0 16 8 Interest rescheduled ...0 27 1 5 9 6 0 1 6 5 Official 0 15 8 3 2 0 1 1 4 Private ..0 12 7 6 3 0 5 2 Debt forgiven .. 67 44 1 3 15 7 0 19 6 Memno: interest forgiven ..0 7 2 3 1 1 9 3 1 Debt stock reduction 0 0 0 0 0 197 0 0 of which debt buyback 0 0 0 0 0 1 6 0 0 8. DEBT STOCK-FLOW RECONCILIATION Total change in debt stocks .. 792 223 362 364 243 -232 0 273 Net flows on debt 1 3 94 207 233 314 190 133 2 1 130 93 Net change in interest arrears .. 27 93 79 56 44 43 6 1 6 1 Interest capitalized ..0 27 1 5 9 6 0 16 5 Debt forgiveness or reduction .. -67 -44 -13 -15 -7 -181 -19 -6 Cross-currency valuation ... 629 -46 -28 50 33 -26 -50 28 Residual ... -4 -41 -5 74 35 -88 -138 91 9. AVERAGE TERMIS OF NEW commiT-MENTS ALL CREDITORS Interest (%) 4.4 3.6 6.6 1.0 1.7 1.1 1.0 2.2 2.4 0.6 Maturity (years) 31.8 19.2 21.7 40.0 40.6 40.3 36.3 30.4 33.5 40.6 Grace period (years) 6.6 3.8 3.5 9.8 9.8 9.3 9.3 7.6 7.4 10.1 Grant element (%) 43.3 39.5 23.7 73.6 72.8 71.6 76.1 62.1 60.7 81.3 Official creditors Interest (%) 4.2 2.4 1.9 1.0 1.7 1.1 1.0 0.9 1.2 0.6 Maturity (years) 37.7 24.1 32.7 40.6 40.6 40.3 36.3 35.4 39.6 40.6 Grace period (years) 7.9 4.6 7.9 9.9 9.8 9.3 9.3 9.4 8.9 10.1 Grant element (%) 49.6 50.8 59.0 74.0 72.8 71.6 76.1 75.4 73.6 81.3 Private creditors Interest (%) 4.9 6.3 9.8 0.0 0.0 0.0 0.0 7.5 6.8 0.0 Maturity (years) 8.9 8.3 14.1 12.4 0.0 0.0 0.0 10.4 11.1 0.0 Grace period (years) 1.7 2.1 0.4 4.9 0.0 0.0 0.0 0.7 1.6 0.0 Grant element (%) 18.9 14.3 -0.4 55.2 0.0 0.0 0.0 9.0 13.0 0.0 Memorandumr items Commitmnents 21 194 580 248 637 198 170 244 69 1,032 Official creditors 17 134 236 242 637 198 170 195 55 1,032 Private creditors 4 60 345 5 0 0 0 49 1 5 0 10. CONTRACTUAL OBLIGATIONS ON OUTSTANDING LONG-TERMI DEBT 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 TOTAL Disbursements 293 442 347 269 193 122 70 7 1 0 Principal 544 509 172 171 170 173 158 132 132 141 Interest 78 70 68 65 6 1 58 54 5 1 47 44 Official creditors Disbursements 290 441 347 269 193 122 70 7 1 0 Principal 519 484 162 162 162 165 150 124 129 140 Interest 73 66 64 62 59 56 53 50 47 44 Bilateral creditors Disbursements 17 13 7 4 3 2 1 0 0 0 Principal 454 417 92 84 78 71 57 29 29 27 Interest 33 25 23 21 19 18 16 16 15 14 Multilateral creditors Disbursements 273 428 340 265 190 120 70 6 1 0 Principal 65 67 71 78 84 93 94 95 100 113 Interest 39 41 42 41 40 38 36 34 32 30 Private creditors Disbursements 3 1 0 0 0 0 0 0 0 0 Principal 25 25 10 8 8 8 8 8 2 1 Interest 5 4 4 3 2 2 2 1 1 1 Commnercial banks Disbursements 0 0 0 0 0 0 0 0 0 0 Principal 0 0 0 0 0 0 0 0 0 0 Interest 0 0 0 0 0 0 0 0 0 0 Other private Disbursements 3 1 0 0 0 0 0 0 0 0 Principal 25 25 10 8 8 8 8 8 2 1 Interest 5 4 4 3 2 2 2 1 1 1 238 FUIJ (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 1. SUNMMAR Y DEBT DATA TOTAL DEBT STOCKS (EDT) .. 281.2 412.7 338.6 330.1 284.2 250.8 217.6 218.6 192.8 Long-term debt (LDOD) 11.7 244.9 400.7 308.2 283.4 268.2 235.9 199.2 170.6 172.2 Public and publicly guaranteed 11.7 180.0 306.0 226.9 199.4 180.7 167.9 146.7 129.5 140.0 Private nonguaranteed 0.0 64.9 94.7 81.3 84.0 87.5 68.0 52.5 41.2 32.2 Use of IMF credit 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Short-term debt .. 36.3 12.0 30.5 46.7 16.0 14.9 18.4 48.0 20.6 of which interest arrears on LDOD .. 0.3 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Official creditors .. 0.3 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private creditors .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: principal arrears on LDOD .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Official creditors .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private creditors .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: export credits .. 0.0 61.0 39.0 24.0 28.0 31.0 33.0 45.0 33.0 TOTAL DEBT FLOWS Disbursements 2.3 78.2 33.5 36.8 32.6 41.4 15.2 8.6 9.1 6.5 Long-termn debt 2.3 78.2 33.5 36.8 32.6 41.4 15.2 8.6 9.1 6.5 IMF purchases 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal repayments 1.6 19.7 73.0 60.0 56.9 71.7 51.8 35.2 23.3 23.5 Long-term debt 1.6 11.2 72.2 60.0 56.9 71.7 51.8 35.2 23.3 23.5 IMF repurchases 0.0 8.5 0.8 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Net flows on debt 0.7 71.6 -41.5 -4.1 -8.0 -61.0 -37.7 .23.1 15.5 -44A4 of which short-term debt .. 13.0 -2.0 19.1 16.2 -30.7 -1.1 3.5 29.6 -27.4 Interest payments (INT) .. 16.2 32.9 24.1 21.4 21.0 16.0 13.5 12.5 10.6 Long-term debt 1.1 9.5 31.4 22.8 19.5 19.1 15.1 12.5 10.5 8.9 IMF charges 0.0 0.3 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Short-term debt .. 6.3 1.5 1.3 1.9 1.9 0.9 1.0 2.0 1.7 Net transfers on debt .. 55.4 -74.4 -28.2 -29.5 -82.0 -53.7 .36.6 3.0 -55.0 Total debt service paid (TDS) .. 35.8 105.9 84.1 78.3 92.7 67.8 48.7 35.8 34.1 Long-term debt 2.7 20.7 103.5 82.8 76.4 90.9 66.8 47.7 33.8 32.4 lvIM repurchases and charges 0.0 8.8 0.8 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Short-term debt (interest only) .. 6.3 1.5 1.3 1.9 1.9 0.9 1.0 2.0 1.7 2. AGGREGATE NET RESOUiRCE FLOWS AND NET TRANSFERS (LONG-TERMI i NET RESOURCE FLOWS 11.3 118.8 67.6 105.8 90.5 48.1 53.2 -6.4 15.8 71.7 Net flow of long-term debt (ex. iM)0.7 67.1 -38.7 -23.2 -24.2 -30.3 -36.6 -26.6 -14.1 -17.0 Foreign direct investment (net) 6.4 36.4 92.0 103.6 91.2 67.5 69.5 1.8 16.0 75.0 Portfolio equitv flows 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Grants (excluding technical coop.) 4.2 15.3 14.3 25.4 23.5 10.9 20.3 18.3 13.9 13.7 Memo: technical coop. grants 3.0 16.9 36.6 39.6 35.7 33.5 30.6 32.8 32.6 25.4 official net resource flows 5.8 54.5 -8.6 9.8 -0.6 -23.2 4.2 7.5 11.3 5.7 private net resource flows 5.5 64.3 76.2 96.0 91.1 71.3 49.0 -13.9 4.5 66.0 NET TRANSFERS -1.3 78.8 -3.7 28.5 8.8 -39.1 -27.9 .81.9 -62.7 -8.2 Interest on long-term debt 1.1 9.5 31.4 22.8 19.5 19.1 15.1 12.5 10.5 8.9 Profit renmittances on FDI 11.5 30.4 39.9 54.4 62.2 68.0 66.0 63.0 68.0 71.0 Memo: official net transfers 5.2 48.4 -30.0 -6.9 -15.1 -36.7 -6.4 -1.5 3.7 -1.2 private net transfers -6.5 30.4 26.3 35.4 23.9 -2.4 -21.5 -80.4 -66.4 -7.0 3. MAkJOR ECONOAIC AGGREGATES Gross national product (GNP) 210.8 1,186.2 1,345.8 1,579.4 1,608.5 1,772.4 1,877.6 2,059.4 2,033.2 1,526.1 Exports of goods &services (XGS) .. 597.1 881.6 855.3 904.2 1,074.0 1,139.1 1,348.4 1,265.3 953.6 of which workers remittances .. 0.0... .. . Imports of goods & services (MGS) .. 656.6 974.3 922.2 1,054.3 1,191.4 1,254.7 1,344.4 1,323.7 1,038.8 Intemnational reserves (RES) 27.4 174.1 261.1 317.1 269.8 273.4 349.3 427.5 360.5 385.7 Current account balance .. -17.5 -94.0 -61.3 -138.1 -112.8 -112.7 13.5 -34.1 -54.6 4. DEBT INDICATORS EDT /XGS (%) .. 47.1 46.8 39.6 36.5 26.5 22.0 16.1 17.3 20.2 EDT/GNP (%) .. 23.7 30.7 21.4 20.5 16.0 13.4 10.6 10.8 12.6 TDS /XGS (%) .. 6.0 12.0 9.8 8.7 8.6 6.0 3.6 2.8 3.6 IN'T /XGS(% . 2.7 3.7 2.8 2.4 2.0 1.4 1.0 1.0 1.1 INT /GNP(% . 1.4 2.4 1.5 1.3 1.2 0.9 0.7 0.6 0.7 RES /EDT(% . 61.9 63.3 93.7 81.7 96.2 139.3 196.5 164.9 200.0 RES /MGS (months) .. 3.2 3.2 4.1 3.1 2.8 3.3 3.8 3.3 4.5 Short-term /EDT (%) .. 12.9 2.9 9.0 14.2 5.6 5.9 8.5 22.0 10.7 Concessional /EDT(% . 9.2 7.2 7.4 7.1 7.6 8.3 8.5 8.0 12.8 Multilateral /EDT (%) .. 23.2 49.0 54.4 50.2 55.9 59.5 59.9 53.3 63.1 239 FIJI (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 5. LONG-TERM DEBI' DEBT OUTSTANDING (LDOD) 11.7 244.9 400.7 308.2 283.4 268.2 235.9 199.2 170.6 172.2 Public and publicly guaranteed 11.7 180.0 306.0 226.9 199.4 180.7 167.9 146.7 129.5 140.0 Official creditors 8.2 123.7 279.1 221.2 196.6 179.2 167.3 146.4 129.4 139.9 Multilateral 0.0 65.1 202.0 184.1 165.6 158.8 149.2 130.4 116.5 121.6 Concessional 0.0 4.4 14.7 13.0 11.6 11.3 11.6 10.6 11.2 11.4 Bilateral 8.2 58.6 77.1 37.0 31.0 20.4 18.1 16.0 12.9 18.4 Concessional 1.7 21.5 15.2 12.0 11.7 10.3 9.3 7.8 6.3 13.3 Private creditors 3.5 56.3 26.9 5.7 2.9 1.5 0.6 0.3 0.1 0.1 Bonds 3.5 2.5 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Conmercial banks 0.0 41.0 12.1 1.7 0.7 0.6 0.4 0.2 0.0 0.0 Other private 0.0 12.8 14.7 4.0 2.2 0.9 0.1 0.1 0.1 0.1 Private nonguaranteed 0.0 64.9 94.7 81.3 84.0 87.5 68.0 52.5 41.2 32.2 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Comunercial banks 0.0 64.9 94.7 81.3 84.0 87.5 68.0 52.5 41.2 32.2 Memo: 1!BRD 0.0 33.5 67.8 53.2 43.6 39.6 35.3 32.8 30.3 31.8 IDA 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 DISBURSEMENTS 2.3 78.2 33.5 36.8 32.6 41.4 15.2 8.6 9.1 6.5 Public and publicly guaranteed 2.3 78.2 19.3 16.6 11.1 16.9 15.2 8.6 9.1 6.5 Official creditors 2.3 43.4 18.6 16.5 11.1 16.9 15.2 8.6 9.1 6.5 Multilateral 0.0 23.2 13.2 16.5 10.2 16.9 15.2 8.6 9.1 6.5 Concessional 0.0 2.3 0.0 0.0 0.0 0.0 0.0 0.0 2.1 0.0 Bilateral 2.3 20.2 5.3 0.0 1.0 0.0 0.0 0.0 0.0 0.0 Concessional 2.3 0.0 1.0 0.0 1.0 0.0 0.0 0.0 0.0 0.0 Private creditors 0.0 34.8 0.7 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commtercial banks 0.0 31.0 0.6 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Other private 0.0 3.8 0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private nonguaranteed 0.0 0.0 14.2 20.2 21.5 24.5 0.0 0.0 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commnercial banks 0.0 0.0 14.2 20.2 21.5 24.5 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 5.7 5.1 2.2 1.5 5.8 5.6 6.6 4.3 4.3 IDA 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 PRINCIPAL REPAYMENTS 1.6 11.2 72.2 60.0 56.9 71.7 51.8 35.2 23.3 23.5 Public and publicly guaranteed 1.6 11.2 54.7 42.3 38.1 52.6 32.3 19.7 12.0 14.5 Official creditors 0.7 4.2 41.5 32.1 35.3 51.0 31.3 19.5 11.8 14.5 Multilateral 0.0 1.0 33.8 25.2 29.1 39.8 28.6 16.9 9.5 11.6 Concessional 0.0 0.0 0.3 0.4 0.4 1.4 0.5 0.5 0.3 0.4 Bilateral 0.7 3.2 7.7 6.9 6.2 11.2 2.7 2.6 2.3 2.9 Concessional 0.6 1.4 0.8 1.1 1.0 1.1 1.4 1.3 1.0 1.4 Private creditors 0.9 7.0 13.2 10.2 2.8 1.6 1.0 0.2 0.2 0.0 Bonds 0.9 1.6 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Comimercial banks 0.0 0.0 5.7 3.5 0.9 0.2 0.2 0.2 0.2 0.0 Other private 0.0 5.3 7.5 6.7 1.9 1.4 0.7 0.0 0.0 0.0 Private nonguaranteed 0.0 0.0 17.5 17.7 18.8 19.1 19.5 15.5 11.3 9.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 17.5 17.7 18.8 19.1 19.5 15.5 11.3 9.0 Memo: IBRD 0.0 0.7 9.1 12.0 12.2 12.9 11.5 6.7 3.9 4.8 IDA 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 NET FLOWS ON DEBT 0.7 67.1 -38.7 -23.2 -24.2 -30.3 -36.6 -26.6 -14.1 -17.0 Public and publicly guaranteed 0.7 67.1 -35.4 -25.7 -26.9 -35.7 -17.1 -11.1 -2.8 -8.0 Official creditors 1.6 39.2 -22.9 -15.6 -24.1 -34.1 -16.1 -10.8 -2.6 -8.0 Multilateral 0.0 22.2 -20.5 -8.7 -19.0 -22.9 -13.4 -8.2 -0.3 -5.1 Concessional 0.0 2.3 -0.3 -0.4 -0.4 -1.4 -0.5 -0.5 1.8 -0.4 Bilateral 1.6 17.0 -2.4 -6.9 -5.2 -11.2 -2.7 -2.6 -2.3 -2.9 Concessional 1.7 -1.4 0.1 -1.1 0.0 -1.1 -1.4 -1.3 -1.0 -1.4 Private creditors -0.9 27.9 -12.5 -10.1 -2.8 -1.6 -1.0 -0.2 -0.2 0.0 Bonds -0.9 -1.6 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Comimercial banks 0.0 31.0 -5.1 -3.4 -0.9 -0.2 -0.2 -0.2 -0.2 0.0 Other private 0.0 -1.5 -7.3 -6.7 -1.9 -1.4 -0.7 0.0 0.0 0.0 Private nonguaranteed 0.0 0.0 -3.3 2.5 2.7 5.4 -19.5 -15.5 -11.3 -9.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 -3.3 2.5 2.7 5.4 -19.5 -15.5 -11.3 -9.0 Memo: IBRD 0.0 5.0 -4.0 -9.7 -10.7 -7.0 -5.9 -0. 1 0.4 -0.5 IDA 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 240 FIJI (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 INTEREST PAYMENTS (LINT) 1.1 9.5 31.4 22.8 19.5 19.1 15.1 12.5 10.5 8.9 Public and publicly guaranteed 1.1 9.5 24.0 17.2 14.8 13.7 10.7 9.0 7.6 6.9 Official creditors 0.6 6.1 21.4 16.7 14.5 13.5 10.6 9.0 7.6 6.9 Multilateral 0.0 3.4 15.0 13.2 12.0 11.4 9.5 8.0 6.7 6.0 Concessional 0.0 0.0 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 Bilateral 0.6 2.7 6.3 3.5 2.5 2.1 1.1 1.0 0.8 0.9 Concessional 0.1 0.8 0.3 0.5 0.4 0.4 0.3 0.3 0.2 0.4 Private creditors 0.5 3.5 2.6 0.6 0.3 0.2 0.1 0.0 0.0 0.0 Bonds 0.5 0.3 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 2.1 1.1 0.3 0.1 0.1 0.1 0.0 0.0 0.0 Other private 0.0 1.1 1.5 0.3 0.2 0.1 0.0 0.0 0.0 0.0 Private nonguaranteed 0.0 0.0 7.4 5.6 4.7 5.5 4.4 3.5 2.9 2.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 7.4 5.6 4.7 5.5 4.4 3.5 2.9 2.0 Memo: I.BRD 0.0 2.7 5.6 4.8 4.0 3.4 3.0 2.3 2.1 1.9 IDA 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 NET TRANSFERS ON DEBT -0.4 57.6 -70.0 -46.0 -43.7 -49.4 -51.6 -39.1 -24.6 -25.9 Public and publicly guaranteed -0.4 57.6 -59.3 -42.9 -41.7 -49.4 .27.8 -20.1 -10.4 -14.9 Official creditors 0.9 33.1 -44.3 -32.2 -38.7 -47.6 -26.7 -19.8 -10.2 -14.9 Multilateral 0.0 18.9 -35.5 -21.9 -31.0 -34.3 -22.9 -16.2 -7.1 -11.1 Concessional 0.0 2.3 -0.4 -0.5 -0.5 -1.5 -0.6 -0.6 1.8 -0.5 Bilateral 0.9 14.3 -8.7 -10.4 -7.7 -13.3 -3.8 -3.6 -3.1 -3.7 Concessional 1.6 -2.2 -0.2 -1.6 -0.4 -1.5 -1.7 -1.6 -1.2 -1.7 Private creditors -1.4 24.4 -15.1 -10.7 -3.1 -1.8 -1.0 -0.3 -0.2 0.0 Bonds -1.4 -1.9 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 28.9 -6.2 -3.7 - 1.0 -0.2 -0.3 -0.2 -0.2 0.0 Other private 0.0 -2.5 -8.9 -7.0 -2.0 -1.5 -0.8 0.0 0.0 0.0 Private nonguaranteed 0.0 0.0 -10.7 -3.1 -2.0 -0.1 -23.9 -19.0 -14.3 -11.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 -10.7 -3.1 -2.0 -0. 1 -23.9 -19.0 -14.3 -11.0 Memo: IIBRD 0.0 2.3 -9.6 -14.6 -14.7 -10.5 -8.9 -2.4 -1.7 -2.4 IDA 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 DEBT SERVICE (LTDS) 2.7 20.7 103.5 82.8 76.4 90.9 66.8 47.7 33.8 32.4 Public and publicly guaranteed 2.7 20.7 78.6 59.5 52.9 66.3 43.0 28.7 19.5 21.4 Official creditors 1.4 10.3 62.8 48.7 49.8 64.5 41.9 28.4 19.3 21.3 Multilateral 0.0 4.4 48.8 38.4 41.2 51.2 38.1 24.9 16.2 17.6 Concessional 0.0 0.0 0.4 0.5 0.5 1.5 0.6 0.6 0.4 0.5 Bilateral 1.4 5.9 14.0 10.4 8.6 13.3 3.8 3.6 3.1 3.7 Concessional 0.7 2.2 1.2 1.6 1.4 1.5 1.7 1.6 1.2 1.7 Private creditors 1.4 10.4 15.8 10.7 3.1 1.8 1.0 0.3 0.2 0.0 Bonds 1.4 1.9 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commnercial banks 0.0 2.1 6.8 3.7 1.0 0.2 0.3 0.2 0.2 0.0 Other private 0.0 6.4 9.0 7.0 2.0 1.5 0.8 0.0 0.0 0.0 Private nonguaranteed 0.0 0.0 24.9 23.3 23.5 24.6 23.9 19.0 14.3 11.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 24.9 23.3 23.5 24.6 23.9 19.0 14.3 11.0 Memo: IBRD 0.0 3.3 14.7 16.8 16.2 16.3 14.5 9.0 6.0 6.7 IDA 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 UNDISBURSED DEBT 1.4 120.8 81.2 45.1 66.2 48.8 37.5 28.8 60.1 74.3 Official creditors 1.2 120.8 80.6 45.1 66.2 48.8 37.5 28.8 60.1 74.3 Private creditors 0.2 0.0 0.6 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memorandumn items Concessional LDOD 1.7 25.9 29.9 25.0 23.3 21.6 20.9 18.4 17.5 24.7 Variable rate LDOD 0.0 105.9 124.0 107.4 110.7 125.1 113.9 98.1 84.6 79.6 Public sector LDOD 11.7 180.0 306.0 226.9 199.4 180.7 167.9 146.7 129.5 140.0 Private sector LDOD 0.0 64.9 94.7 81.3 84.0 87.5 68.0 52.5 41.2 32.2 6. CIJRRENCI'COMTPOSITION OF LONG-TERM DEBT IPERCENT) Deutsche miark 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 French franc 0.0 0.0 1.4 1.7 1.7 1.9 2.1 2.1 1.9 2.0 Japanese yen 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Pound sterling 34.3 24.7 16.4 12.2 11.3 7.0 6.3 6.4 5.7 4.0 Swiss franc 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 U.S.dollars 14.6 26.1 5.2 0.6 1.0 0.9 0.8 0.7 0.5 5.6 Multiple currency 0.0 36.2 58.9 74.7 77.1 82.0 83.5 84.5 84.9 82.7 Special drawing rights 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 All othffrcuffencies 51.1 13.0 18.1 10.8 8.9 8.2 7.3 6.3 7.0 5.7 24] FUIJ (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 7. DEBT RESTRUICTUTRINGS Total amount rescheduled ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Debt stock rescheduled ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal rescheduled ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Official ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Interest rescheduled ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Official ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Debt forgiven ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: interest forgiven ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Debt stock reduction ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 of which debt buyback ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 8. DEBT STOCK-FLOW~ RECONCILIATION Total change in debt stocks . . -1.5 -21.8 -8.5 -45.9 -33.4 -33.1 1.0 -25.8 Net flows on debt 0.7 71.6 -41.5 -4.1 -8.0 -61.0 -37.7 -23.1 15.5 -44.4 Net change in interest ar-rears ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Interest capitalized ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Debt forgiveness or reduction ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Cross-currency valuation ... 15.7 -13.1 -3.9 0.8 -1.1 -3.3 -4.2 2.8 Residual ... 24.2 -4.6 3.4 14.3 5.3 -6.8 -10.3 15.8 9. AV'ERAGE TERMIS OF NEW COMMITNMENTS ALL CREDITORS Interest (%) 3.1 8.1 6.6 0.0 6.9 0.0 4.5 0.0 6.6 6.9 Maturity (years) 17.7 14.4 24.7 0.0 20.5 0.0 12.0 0.0 25.4 24.8 Grace period (years) 5.2 3.7 5.1 0.0 4.6 0.0 4.5 0.0 5.4 7.0 Grant element (%) 43.6 9.5 22.9 0.0 19.6 0.0 28.8 0.0 24.1 21.7 Official creditors Interest (%) 3.0 7.9 6.6 0.0 6.9 0.0 4.5 0.0 6.6 6.9 Maturity (years) 18.5 14.7 24.8 0.0 20.5 0.0 12.0 0.0 25.4 24.8 Grace period (years) 5.5 3.7 5.1 0.0 4.6 0.0 4.5 0.0 5.4 7.0 Grant element (%) 45.6 10.6 23.0 0.0 19.6 0.0 28.8 0.0 24.1 21.7 Private creditors Interest (%) 5.5 10.2 8.8 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Maturity (years) 5.2 10.0 10.4 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Grace period (years) 0.7 3.3 6.2 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Grant element (%) 10.5 -4.3 3.5 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memorandum items Commnitments 3.7 89.1 30.0 0.0 33.0 0.0 10.5 0.0 42.3 17.8 Official creditors 3.5 82.6 29.8 0.0 33.0 0.0 10.5 0.0 42.3 17.8 Private creditors 0.2 6.5 0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 10. CONTRACTU.AL OBLIGATIONS ON OUfTSTANDING LONG-TERM DEBT 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 TOTAL Disbursements 13.4 17.5 13.9 10.6 8.6 6.3 4.0 0.0 0.0 0.0 Principal 23.2 23.3 21.4 19.7 18.8 14.0 11.6 11.8 11.1 9.1 Interest 9.6 9.0 8.8 8.5 8.2 7.4 7.1 6.5 5.8 5.3 Official creditors Disbursements 13.4 17.5 13.9 10.6 8.6 6.3 4.0 0.0 0.0 0.0 Pr-incipal 15.6 17.7 15.3 14.2 13.8 11.5 11.6 11.8 11.1 9.1 Interest 8.1 8.2 8.1 8.0 7.7 7.4 7.1 6.5 5.8 5.3 Bilateral creditors Disbursements 6.7 7.5 3.8 1.2 0.6 0.0 0.0 0.0 0.0 0.0 Principal 2.5 2.4 1.0 1.1 1.1 1.3 2.2 2.2 2.2 2.2 Interest 0.9 1.3 1.5 1.6 1.6 1.5 1.5 1.4 1.3 1.2 Multilateral creditors Disbursements 6.7 10.0 10.2 9.4 8.0 6.3 4.0 0.0 0.0 0.0 Principal 13.1 15.3 14.2 13.2 12.7 10.3 9.5 9.7 8.9 6.9 Interest 7.2 6.9 6.6 6.4 6.2 5.9 5.6 5.1 4.5 4.0 Private creditors Disbursements 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal 7.5 5.6 6.1 5.5 5.0 2.5 0.0 0.0 0.0 0.0 Interest 1.5 0.8 0.7 0.5 0.4 0.0 0.0 0.0 0.0 0.0 Commercial banks Disbursements 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Interest 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Other private Disbursements 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal 7.5 5.6 6.1 5.5 5.0 2.5 0.0 0.0 0.0 0.0 Interest 1.5 0.8 0.7 0.5 0.4 0.0 0.0 0.0 0.0 0.0 242 GABON (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 1. SUJMTARN DEBT DAfl TOTAL DEBT STOCKS (EDT) 1,514 3,984 3,850 3,861 4,171 4,360 4,310 4,278 4,425 Long-term debt (LDOD) 91 1,272 3,151 3,049 2,933 3,694 3,976 3,972 3,665 3,833 Public and publicly guaranteed 91 1,272 3,151 3,049 2,933 3,694 3,976 3,972 3,665 3,833 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Use ofIMF credit 0 15 140 81 45 90 97 120 131 113 Short-term debt 228 693 721 883 387 287 219 482 478 of which interest arrears on LDOD 0 131 285 450 5 1 0 0 0 79 Official creditors 0 ill 210 361 36 0 0 0 77 Private creditors 0 20 75 90 1 5 0 0 0 2 Memo: principal arrears on LDOD 0 82 423 650 110 26 0 0 85 Official creditors 0 17 144 279 47 0 0 0 84 Private creditors ..0 65 279 371 63 26 0 0 1 Memo: export credits 0 1,917 2,194 2,102 2,066 2,066 2,153 2,485 2,223 TOTAL DEBT FLOWS Disbursements 26 171 204 108 93 198 279 121 168 46 Long-term debt 26 171 195 108 93 134 222 89 145 46 IMF purchases 0 0 9 0 0 64 57 32 23 0 Principal repayments 9 279 40 137 71 119 216 137 172 135 Long-term debt 9 279 26 100 35 96 165 131 168 112 vIMF repurchases 0 0 1 5 36 36 23 52 5 4 23 Net flows on debt 30 -122 164 -193 19 -18 14 -84 260 -172 of which short-term debt -13 0 -164 -3 -97 -49 -69 263 -83 Interest payments (INT) 153 136 296 86 149 240 247 261 172 Long-term debt 3 119 78 238 35 103 217 232 238 142 IMFcharges 0 1 1 3 9 6 3 5 4 6 6 Short-termndebt .. 33 45 50 45 43 17 1 1 18 25 Net transfers on debt .. -275 28 -489 -67 -167 -226 -331 -2 -344 Total debt service paid (TDS) -. 432 176 433 157 268 456 384 433 307 Long-termn debt 1 2 398 104 338 70 198 382 363 406 254 IIM repurchases and charges 0 1 27 45 42 26 57 1 0 9 29 Short-term debt (interest only) .. 33 45 50 45 43 17 1 1 1 8 25 2. AGGREGA TE NE T RESOLI RC E FLO%%S AND NET TRANSFERS (LONG-TE PI NET RESOURCE FLOWS 26 -74 274 164 9 82 31 -30 -64 -64 Net flow of long-term debt (ex. IIM 17 -109 170 8 58 38 57 -42 -23 -66 Foreign direct investment (net) -1 32 74 127 -114 -103 -113 -65 -100 -50 Portfolio equity flows 0 0 0 0 0 0 0 0 0 0 Grants (excluding technical coop.) 1 0 4 30 29 65 147 87 78 58 52 Memo: technical coop. grants 7 38 36 48 49 43 46 43 36 35 official net resource flows 1 7 20 171 54 124 216 219 86 40 -8 private net resource flows 9 -93 103 110 -115 -134 -188 -116 -105 -57 NET TRANSFERS 15 -465 79 -230 -226 -241 -387 -472 -502 -431 Interest on long-term debt 3 119 78 238 35 103 217 232 238 142 Profit rermittances on FDI 8 273 116 156 200 220 200 210 200 225 Memo: official net transfers 15 1 103 -147 95 142 45 -133 -188 -142 private net transfers 0 -466 -24 -83 -321 -382 -432 -338 -315 -290 3. MLAJOR ECONOMIIC AGGREGA'TES Gross national product (GNP) 306 3,856 5,336 4,864 3,868 3,693 4,242 4,928 4,477 4,878 Exports of goods & services (XGS) .. 2,434 2,750 2,654 2,669 2,597 2,929 3,488 3,307 2,557 of which workers remiittances ..0 0 0 0... Imports of goods & services (MGS) .. 1,926 2,448 2,680 2,526 2,113 2,631 3,016 2,911 2,473 International reserves (RES) 15 115 279 75 6 180 153 253 286 15 Current account balance .. 384 168 -168 -49 317 100 249 171 -75 4. DEBT [NDICAiTORS EDT /XGS% .. 62.2 144.9 145.1 144.7 160.6 148.9 123.6 129.4 173.1 EDT /GNP(% . 39.3 74.7 79.2 99.8 113.0 102.8 87.5 95.6 90.7 TDS /XGS(% . 17.8 6.4 16.3 5.9 10.3 15.6 11.0 13.1 12.0 IINT /XGS(% . 6.3 4.9 11.2 3.2 5.7 8.2 7.1 7.9 6.7 IINT /GNP(% . 4.0 2.5 6.1 2.2 4.0 5.7 5.0 5.8 3.5 RES /EDT(% . 7.6 7.0 2.0 0.2 4.3 3.5 5.9 6.7 0.4 RES /MGS (months) .. 0.7 1.4 0.3 0.0 1.0 0.7 1.0 1.2 0.1 Short-term /EDT (%) .. 15.1 17.4 18.7 22.9 9.3 6.6 5.1 11.3 10.8 Concessional /EDT(% . 7.5 10.6 11.6 10.6 13.8 16.1 17.2 20.9 21.4 Multilateral /EDT (%) .. 2.7 8.0 9.3 10.6 11.2 13.5 13.5 12.3 12.5 243 GABON (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 5. LONG-TERNI DEBT DEBT OUTSTANDING (LDOD) 91 1,272 3,151 3,049 2,933 3,694 3,976 3,972 3,665 3,833 Public and publicly guaranteed 91 1,272 3,151 3,049 2,933 3,694 3,976 3,972 3,665 3,833 Official creditors 67 316 2,435 2,423 2,337 3,427 3,778 3,829 3,534 3,708 Multilateral 31 40 317 358 408 467 588 583 528 554 Concessional 1 10 29 25 25 25 28 30 30 32 Bilateral 36 276 2,118 2,065 1,929 2,960 3,189 3,246 3,007 3,154 Concessional 35 103 393 423 384 549 674 712 863 916 Private creditors 24 955 716 626 596 268 199 143 131 125 Bonds 8 2 0 0 0 0 0 0 0 0 Commercial banks 0 721 182 163 161 175 148 117 97 85 Other private 16 232 535 462 435 92 51 26 33 40 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Comimercial banks 0 0 0 0 0 0 0 0 0 0 Memo: IBRD 29 19 69 82 86 114 110 92 77 75 IDA 0 0 0 0 0 0 0 0 0 0 DISBURSEMENTS 26 171 195 108 93 134 222 89 145 46 Public and publicly guaranteed 26 171 195 108 93 134 222 89 145 46 Official creditors 13 36 158 108 90 132 222 89 125 36 Multilateral 4 2 84 43 66 78 150 64 34 22 Concessional 1 0 4 1 0 1 2 5 6 2 Bilateral 9 33 74 65 24 54 72 25 91 14 Concessional 9 16 63 8 19 52 62 21 90 12 Private creditors 13 135 37 0 3 2 0 0 20 10 Bonds 4 0 0 0 0 0 0 0 0 0 Commercial banks 0 95 0 0 0 0 0 0 0 3 Other private 9 40 37 0 3 2 0 0 20 8 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 0 0 Memo: IBRD 3 0 10 8 8 33 4 3 3 7 IDA 0 0 0 0 0 0 0 0 0 0 PRINCIPAL REPAYMENTS 9 279 26 100 35 96 165 131 168 112 Public and publicly guaranteed 9 279 26 100 35 96 165 131 168 112 Official creditors 6 19 18 84 31 63 90 80 143 95 Multilateral 4 3 13 16 15 36 43 46 42 23 Concessional 0 0 1 1 0 3 2 2 3 1 Bilateral 2 17 5 68 16 27 48 34 101 72 Concessional 2 4 0 22 7 5 10 7 36 27 Private creditors 4 260 8 17 4 33 75 51 25 17 Bonds 0 1 0 0 0 0 0 0 0 0 Commercial banks 0 185 3 12 0 3 26 31 20 15 Other private 3 74 5 5 4 30 49 20 5 2 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 C 0 0 Commercial banks 0 0 0 0 0 0 0 0 0 0 Memo: IBRD 3 2 1 4 5 10 12 13 10 9 IDA 0 0 0 0 0 0 0 0 0 0 NET FLOWS ON DEBT 17 -109 170 8 58 38 57 -42 -23 -66 Public and publicly guaranteed 17 -109 170 8 58 38 57 -42 -23 -66 Official creditors 7 16 141 25 60 69 132 9 -18 -60 Multilateral 0 0 71 28 51 42 107 17 -8 -1 Concessional 1 0 3 0 0 -1 1 4 3 1 Bilateral 7 17 70 -3 8 27 24 -9 -10 -59 Concessional 7 13 63 -14 12 47 52 14 54 -15 Private creditors 9 -125 29 -17 -2 -31 -75 -51 -5 -7 Bonds 4 -1 0 0 0 0 0 0 0 0 Commercial banks 0 -91 -3 -12 0 -3 -26 -31 -20 -13 Other private 6 -34 32 -5 -2 -28 -49 -20 1 5 6 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commnercial banks 0 0 0 0 0 0 0 0 0 0 Memo: IBRD -1 -2 9 3 3 23 -8 -11 -7 -3 IDA 0 0 0 0 0 0 0 0 0 0 244 GABON (US mllon unes ohewis idiatd) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 INTEREST PAYMENTS (LINT) 3 119 78 238 35 103 217 232 238 142 Public and publicly guaranteed 3 119 78 238 35 103 217 232 238 142 Official creditors 2 19 68 201 30 74 174 219 228 134 Multilateral 1 2 21 26 17 37 26 43 44 21 Concessional 0 0 0 0 0 1 1 110 Bilateral 1 17 47 176 13 37 148 176 184 113 Concessional 1 3 2 19 4 14 39 38 35 23 Private creditors 1 100 1 1 36 6 29 44 1 2 10 8 Bonds 0 0 0 0 0 0 0 000 Conmmercial banks 0 81 5 34 6 16 27 9 7 7 Other private 0 19 6 3 0 1 3 1 7 3 3 1 Private nonguaranteed 0 0 0 0 0 0 0 0 00 Bonds 00 Commercial banks 0 0 0 0 0 0 0 0 00 Memo:74 963 IBRD 1 257488963 IDA 0 0 0 0 0 0 0 000 NET TRANSFERS ON DEBT 14 -227 92 -230 23 -65 -161 -274 -261 -208 Public and publcly guaranteed14 -227 92 -230 23 -65 -161 -274 -261 -208 official creditors 5 -3 73 -177 30 -5 -42 -211 -2619 Multilateral -1 -2 51 2 34 5 82 -26 -52 -22 Concessional 1 0 2 0 0 -2 0 320 Bilateral 6 -1 23 -179 -5 -10 -124 -185 -194 -172 Concessional 7 10 62 -33 8 33 13 -24 19 -39 Private creditors 9 -224 1 8 -53 -7 -60 -119 -63 -15 -15 Bonds 3 -1 0 0 0 0 0 000 Commercial banks 0 -171 -8 -46 -6 -18 -53 -40 -27 -19 Other private 6 -53 26 -8 -2 -41 -66 -23 1 2 4 Private nonguaranteed 0 0 0 0 0 0 0 0 00 Bonds 00 Conimercial banks 0 0 0 0 0 0 0 000 Memo: IBRD -2 -3 4 -3 -1 15 -16 -20 -13 -6 IDA 0 0 0 0 0 0 0 000 DEBT SERVICE (LTDS) 12 398 104 338 70 198 382 363 406 254 Public and publicly guaranteed 12 398 104 338 70 198 382 363 406 254 Official creditors 8 39 85 285 60 137 264 300 371 229 Multilateral 5 4 34 4 1 3 1 74 68 90 86 43 Concessional 0 0 2 2 0 4 2 3 41 Bilateral 3 34 5 1 244 29 64 195 210 285 186 Concessional 3 6 2 41 12 19 49 45 7 1 50 Private creditors 4 359 1 9 53 10 61 119 63 35 25 Bonds 1 I 0 0 0 0 0 000 Commercial banks 0 266 8 46 6 1 8 53 40 27 22 Other private 4 93 1 1 8 4 43 66 23 8 4 Private nonguaranteed 0 0 0 0 0 0 0 000 Bonds 0 0 0 0 0 0 0 000 Comimercial banks 0 0 0 0 0 0 0 000 Memo: IBRD 5 4 6 1 1 8 1 8 20 22 1 6 12 IDA 0 0 0 0 0 0 0000 UNDISBURSED DEBT 34 164 287 228 483 548 409 445 419 446 Official creditors 15 133 271 223 481 548 409 445 382 359 Private creditors 1 9 3 1 17 5 2 0 0 0 37 87 Mermorandum itemns Concessional LDOD 36 113 422 448 408 574 702 742 893 948 Variable rate LDOD 0 500 416 428 426 676 723 651 562 543 Public sector LDOD 65 1,246 3,149 3,047 2,933 3,694 3,976 3,972 3,665 3,833 Private 'qetor LDOD 26 26 2 2 0 0 0 0 0 0 6. CURRENCY COMPO)SITrON OF LONG-TERMI DEBT iPERCENT) Deutsche mark 4.8 4.8 8.4 8.1 7.9 11.9 8.4 7.8 .16.7 French franc 43.3 39.0 54.8 53.2 50.7 47.6 47.4 46.3 45.3 45.6 Japanese yen 0.0 1.5 0.7 0.8 0.9 1.0 0.9 0.8 0.8 0.8 Pound sterling 0.0 0.8 5.3 4.2 4.3 4.4 5.0 5.6 6.0 5.8 Swiss franc 0.0 0.5 0.3 0.3 0.3 0.7 0.8 0.7 0.7 0.7 U.S.dollars 7.6 42.7 10.3 12.0 12.5 12.6 11.5 11.3 11.2 12.0 Multiple currency 32.3 1.5 3.7 5.6 7.7 8.0 8.8 8.9 8.7 6.7 Special drawing rights 0.0 0.0 0.0 0.0 0.0 0.3 0.2 0.2 0.0 0.0 All other currencies 12.0 9.2 16.5 15.8 15.7 13.5 17.0 18.4 20.2 21.7 245 GABON (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 7. DEBT RESTRUICTU'RINGS Total amount rescheduled ... 271 26 2 1,571 472 501 315 127 Debt stock rescheduled 0 0 0 74 0 0 0 0 Principal rescheduled 188 23 0 766 253 270 191 82 Official 32 0 0 397 249 266 190 82 Private 156 23 0 369 4 4 1 0 Interest rescheduled 77 0 2 449 68 64 45 21 Official 27 0 2 376 67 64 45 21 Private 50 0 0 73 1 0 0 0 Debt forgiven ..0 0 29 240 40 0 2 0 Memo: interest forgiven ..0 0 0 0 0 0 0 0 Debt stock reduction 0 0 0 0 1 0 0 0 of which debt buyback 0 0 0 0 0 0 0 0 8. DEBT STOCK-FLOW RECONCILIATIOIN Total change in debt stocks 634 -373 11 310 189 -50 -33 147 Net flows on debt 30 -122 164 -193 19 -18 14 -84 260 -172 Net change in interest arrears 88 7 165 -399 -51 0 0 79 Interest capitalized ..77 0 2 449 68 64 45 21 Debt forgiveness or reduction 0 0 -29 -240 -41 0 -2 0 Cross-currency valuation ... 359 -167 -134 293 242 -180 -339 184 Residual ... -54 -21 -12 225 -42 151 5 34 9. AVERAGE TERIS OF NEWlCONM ITNIEN TS ALL CREDITORS Interest (%) 5.1 11.2 7.9 8.1 8.2 5.5 4.7 6.2 6.0 4.7 Maturity (years) 10.7 11.2 17.9 17.4 18.3 16.2 13.0 15.4 11.4 9.2 Grace period (years) 1.5 3.4 4.7 7.0 5.8 5.1 5.9 5.4 3.9 2.5 Grant clement (%) 19.2 -5.3 12.3 12.1 10.6 25.0 30.4 21.6 19.3 23.6 Offlcial creditors Interest (%) 4.0 7.4 7.7 7.9 8.2 5.5 4.7 6.2 5.6 1.6 Maturity (years) 17.3 14.8 18.9 18.2 18.3 16.2 13.0 15.4 13.1 17.5 Grace period (years) 3.6 4.9 5.4 7.4 5.8 5.1 5.9 5.4 4.8 5.4 Grant element (%) 34.4 15.0 13.9 13.1 10.6 25.0 30.4 21.6 23.1 54.2 Private creditors Interest (%) 5.2 13.0 9.0 11.0 0.0 0.0 0.0 0.0 6.9 6.0 Maturity (years) 9.9 9.5 11.7 5.2 0.0 0.0 0.0 0.0 7.3 5.9 Grace period (years) 1.2 2.6 1.3 1.2 0.0 0.0 0.0 0.0 1.9 1.4 Grant element (%) 17.4 -15.4 3.3 -2.5 0.0 0.0 0.0 0.0 10.2 11.2 Memorandum items Commnitmnents 33 196 66 76 358 184 89 154 175 82 Official creditors 4 65 56 71 358 184 89 154 124 24 Private creditors 29 131 10 5 0 0 0 0 52 58 10U. CONTRLACi YUA.L OBLIG A l IONS ON OL' I'S I ANUDING LONG- FERIII DEB r 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 TOTAL Disbursements 149 125 79 45 25 12 6 1 0 0 Principal 330 389 316 337 353 346 347 342 342 330 Interest 266 252 229 210 189 166 143 120 96 72 Official creditors Disbursements 102 99 68 42 24 12 6 1 0 0 Principal 299 353 277 300 320 329 337 339 341 330 Interest 255 242 220 204 185 164 142 119 96 72 Bilateral creditors Disbursements 3 1 35 23 15 9 4 2 0 0 0 Principal 247 292 212 239 257 269 279 284 288 280 Interest 216 202 182 168 152 136 118 98 78 57 Multilateral creditors Disbursements 7 1 64 45 27 16 7 4 1 0 0 Principal 5 1 61 65 61 63 60 58 56 53 50 Interest 39 40 38 36 32 29 25 21 18 14 Private creditors Disbursements 47 26 1 1 3 0 0 0 0 0 0 Principal 3 1 37 38 37 33 17 10 3 1 1 Interest 1 1 10 9 6 4 2 1 1 0 0 Commercial banks Disbursements 42 21 9 2 0 0 0 0 0 0 Principal 29 29 30 29 27 1 1 3 2 0 0 Interest 8 7 6 4 2 1 0 0 0 0 Other private Disbursements 5 5 2 1 0 0 0 0 0 0 Principal 3 8 8 8 7 7 7 1 1 1 Interest 3 3 3 2 2 1 1 1 0 0 246 GAMBIA, THE (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 1. SUMNMARY DEBT DATA TOTAL DEBT STOCKS (EDT) .. 136.8 369.1 403.4 426.1 424.7 428.9 459.6 434.4 477.0 Long-term dcbt (LDOD) 5.1 97.3 308.4 346.3 350.3 369.8 388.3 419.7 411.1 451.3 Public and publicly guaranteed 5.1 97.3 308.4 346.3 350.3 369.8 388.3 419.7 411.1 451.3 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Use of IMF credit 0.0 16.2 44.9 35.6 33.2 31.3 25.8 17.6 10.2 10.4 Short-term debt .. 23.3 15.7 21.6 42.6 23.6 14.8 22.4 13.1 15.3 of which interest arrears on LDOD .. 0.3 0.6 0.6 0.6 0.6 0.7 0.0 0.1 0.0 Official creditors .. 0.2 0.6 0.6 0.6 0.6 0.7 0.0 0.1 0.0 Private creditors .. 0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: principal arrears on LDOD .. 0.0 0.8 1.6 3.9 5.7 3.2 0.2 0.2 0.1 Official creditors .. 0.0 0.8 1.6 3.9 5.7 3.1 0.2 0.2 0.1 Private creditors .. 0.0 0.0 0.0 0.0 0.1 0.1 0.0 0.0 0.0 Memo: export credits .. 0.0 32.0 41.0 38.0 34.0 28.0 23.0 22.0 24.0 TOTAL DEBT FLOWS Disbursements 0.8 55.7 32.8 55.4 25.5 24.2 23.0 63.1 26.2 29.0 Long-term debt 0.8 51.2 23.5 55.4 25.5 24.2 23.0 63.1 26.2 24.3 IMF purchases 0.0 4.4 9.3 0.0 0.0 0.0 0.0 0.0 0.0 4.7 Principal repayments 0.1 0.4 25.5 21.8 20.7 23.4 20.7 22.2 19.8 19.8 Long-term debt 0.1 0.4 20.2 18.6 18.3 19.5 14.4 14.7 13.4 14.9 IMFrepurchases 0.0 0.0 5.3 3.1 2.4 3.9 6.2 7.4 6.4 4.9 Net flows on debt 0.7 58.3 15.4 34.6 25.8 -18.3 -6.5 49.1 -3.0 11.5 of which short-term debt .. 3.0 8.1 1.0 21.0 -19.0 -8.8 8.2 -9.4 2.3 Interest payments (INT) .. 3.8 12.2 7.8 7.2 7.6 6.0 5.8 6.9 6.3 Long-term debt 0.0 0.4 10.2 6.7 6.1 5.8 4.9 4.6 5.8 5.4 vIMF charges 0.0 0.5 1.3 0.3 0.2 0.2 0.2 0.1 0.1 0.1 Short-term debt .. 2.9 0.8 0.9 1.0 1.6 0.9 1.1 1.1 0.8 Net transfers on debt .. 54.5 3.2 26.8 18.6 -25.9 .12.5 43.3 .9.9 5.2 Total debt service paid (TDS) .. 4.1 37.7 29.6 27.9 31.1 26.6 28.0 26.7 26.1 Long-term debt 0.1 0.8 30.3 25.3 24.4 25.4 19.3 19.4 19.2 20.3 IMF repurchases and charges 0.0 0.5 6.7 3.4 2.6 4.1 6.4 7.6 6.4 4.9 Short-term debt (interest only) .. 2.9 0.8 0.9 1.0 1.6 0.9 1.1 1.1 0.8 2. AGG REGA TE N ET RESOU RCE F'LO%%S AND NET TRANSFERS (LONG-TE RM%i NET RESOURCE FLOWS 0.9 78.0 48.1 86.6 62.8 52.1 33.9 72.3 41.6 46.4 Net flow of long-term debt (ex. IME 0.7 50.9 3.4 36.7 7.2 4.7 8.5 48.4 12.8 9.4 Foreign direct investment (net) 0.1 0.0 0.0 6.0 11.1 9.8 7.8 11.0 12.0 13.0 Portfolio equity flows 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Grants (excluding technical coop.) 0.1 27.2 44.7 43.9 44.5 37.6 17.6 12.9 16.8 24.0 Memo: technical coop. grants 0.7 12.7 25.1 27.1 25.7 23.9 22.8 17.5 14.0 10.7 official net resource flows 0.8 56.7 55.6 85.1 56.0 46.6 26.5 61.5 29.6 33.4 private net resource flows 0.1 21.3 -7.5 1.5 6.8 5.5 7.4 10.8 12.0 13.0 NET TRANSFERS 0.7 75.8 37.9 79.9 56.8 46.3 29.0 67.7 35.8 41.0 Interest on long-term debt 0.0 0.4 10.2 6.7 6.1 5.8 4.9 4.6 5.8 5.4 Profit renmittances on FDI 0.2 1.8 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: official net transfers 0.8 56.3 50.1 79.2 50.4 41.0 21.6 56.9 23.8 28.0 private net transfers -0. 1 19.5 -12.2 0.7 6.4 5.3 7.4 10.8 12.0 13.0 3. MIAJOR ECONONIIC AGGREGATES Gross national product (GNP) 52.3 237.0 291.3 342.2 361.6 357.9 377.1 385.4 398.8 408.6 Exports of goods & services (XGS) .. 66.2 169.7 232.7 242.4 220.3 181.0 226.0 232.7 268.4 of which workers remiittances .. 0.0 0.0 0.0 0.0 0.0 . Imports of goods & services (MGS) .. 181.5 205.4 252.0 294.1 253.8 241.4 303.4 293.1 341.6 Intemnational reserves (RES) 8.1 5.7 55.4 94.0 .. 98.0 106.1 102.1 96.0 106.4 Current account balance .. -86.9 23.4 37.2 -5.3 8.2 -8.2 -47.7 -23.6 -44.2 4. DEBT INDICATORS EDT /XGS (% . 206.5 217.5 173.4 175.8 192.8 236.9 203.4 186.7 177.7 EDT /GNP(% . 57.7 126.7 117.9 117.8 118.7 113.7 119.3 108.9 116.7 TDS /XGS(% . 6.2 22.2 12.7 11.5 14.1 14.7 12.4 1 1.5 9.7 INT /XGS (% . 5.7 7.2 3.4 3.0 3.5 3.3 2.6 3.0 2.4 INT /GNP(% . 1.6 4.2 2.3 2.0 2.1 1.6 1.5 1.7 1.5 RES I EDT (% . 4.1 15.0 23.3 .. 23.1 24.8 22.2 22.1 22.3 RES I MGS (months) .. 0.4 3.2 4.5 .. 4.6 5.3 4.0 3.9 3.7 Short-term /EDT (%) .. 17.0 4.3 5.4 10.0 5.6 3.5 4.9 3.0 3.2 Concessional / EDT (% . 49.9 67.8 73.9 72.9 79.5 84.9 87.4 91.6 91.1 Multilateral/IEDT (% . 29.9 55.0 62.9 64.1 71.5 76.1 71.3 75.1 74.6 247 GAMBIA, THE (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 5. LONG-TERN] DEBT DEBT OUTSTANDING (LDOD) 5.1 97.3 308A4 346.3 350.3 369.8 388.3 419.7 411.1 451.3 Public and publicly guaranteed 5.1 97.3 308.4 346.3 350.3 369.8 388.3 419.7 411.1 451.3 Official creditors 5.1 73.4 290.1 337.2 345.5 369.2 388.0 419.7 411.1 451.3 Multilateral 0.0 40.9 203.1 253.7 273.0 303.8 326.5 327.8 326.4 355.7 Concessional 0.0 35.8 183.3 229.0 248.4 279.0 305.7 310.3 313.1 339.2 Bilateral 5.1 32.5 87.0 83.5 72.5 65.5 61.5 91.8 84.7 95.5 Concessional 4.9 32.5 66.8 69.1 62.1 58.6 58.5 91.4 84.7 95.5 Private creditors 0.0 23.9 18.3 9.1 4.8 0.5 0.2 0.0 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 7.4 16.0 8.0 4.0 0.0 0.0 0.0 0.0 0.0 Other private 0.0 16.5 2.3 1.1 0.8 0.5 0.2 0.0 0.0 0.0 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 0.0 15.9 101.6 126.0 133.7 147.8 161.6 165.9 165.6 172.6 DISBURSEMENTS 0.8 51.2 23.5 55.4 25.5 24.2 23.0 63.1 26.2 24.3 Public and publicly guaranteed 0.8 51.2 23.5 55.4 25.5 24.2 23.0 63.1 26.2 24.3 Official creditors 0.8 29.6 23.5 55.4 25.5 24.2 23.0 63.1 26.2 24.3 Multilateral 0.0 18.3 17.7 52.4 25.3 21.7 19.0 22.4 23.1 21.7 Concessional 0.0 16.1 16.6 45.0 22.0 21.1 18.9 22.4 23.1 21.7 Bilateral 0.8 11.3 5.8 3.0 0.1 2.5 4.0 40.7 3.0 2.7 Concessional 0.8 11.3 5.8 3.0 0.1 2.5 4.0 40.7 3.0 2.7 Private creditors 0.0 21.7 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 7.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Other private 0.0 14.7 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 0.0 5.2 9.8 21.9 7.8 9.2 11.6 10.1 9.1 3.1 PRINCIPAL REPAYMENTS 0.1 0.4 20.2 18.6 18.3 19.5 14.4 14.7 13.4 14.9 Public and publicly guaranteed 0.1 0.4 20.2 18.6 18.3 19.5 14.4 14.7 13.4 14.9 Official creditors 0.1 0.0 12.7 14.2 14.0 15.2 14.1 14.5 13.4 14.9 Multilateral 0.0 0.0 4.7 5.1 5.2 5.5 6.6 6.3 6.6 8.0 Concessional 0.0 0.0 2.7 3.0 2.7 3.1 3.3 3.5 3.9 6.0 Bilateral 0.1 0.0 7.9 9.1 8.8 9.7 7.5 8.2 6.8 6.9 Concessional 0.1 0.0 7.9 5.4 5.1 5.8 3.4 5.7 6.4 6.9 Private creditors 0.0 0.3 7.5 4.5 4.3 4.3 0.4 0.2 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.1 3.0 4.0 4.0 4.0 0.0 0.0 0.0 0.0 Other private 0.0 0.3 4.5 0.5 0.3 0.3 0.4 0.2 0.0 0.0 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 0.0 0.0 0.3 0.4 0.5 0.6 0.8 1.0 1.3 1.4 NET FLOWS ON DEBT 0.7 50.9 3.4 36.7 7.2 4.7 8.5 48.4 12.8 9.4 Public and publicly guaranteed 0.7 50.9 3.4 36.7 7.2 4.7 8.5 48.4 12.8 9.4 Official creditors 0.7 29.5 10.9 41.2 11.5 9.0 8.9 48.6 12.8 9.4 Multilateral 0.0 18.2 13.0 47.3 20.1 16.2 12.4 16.1 16.6 13.7 Concessional 0.0 16.1 13.9 42.0 19.3 18.0 15.6 18.9 19.2 15.6 Bilateral 0.7 11.3 -2.1 -6.1 -8.6 -7.2 -3.5 32.5 -3.8 -4.2 Concessional 0.7 11.3 -2.1 -2.4 -5.0 -3.3 0.6 35.0 -3.3 -4.2 Private creditors 0.0 21.3 -7.5 -4.5 -4.3 -4.3 -0.4 -0.2 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 6.9 -3.0 -4.0 -4.0 -4.0 0.0 0.0 0.0 0.0 Other private 0.0 14.4 -4.5 -0.5 -0.3 -0.3 -0.4 -0.2 0.0 0.0 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 0.0 5.2 9.5 21.4 7.3 8.6 10.9 9.1 7.8 1.7 248 GAMBIA, THE (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 INTEREST PAYMENTS (LINT) 0.0 0.4 10.2 6.7 6.1 5.8 4.9 4.6 5.8 5.4 Public and publicly guaranteed 0.0 0.4 10.2 6.7 6.1 5.8 4.9 4.6 5.8 5.4 Official creditors 0.0 0.4 5.5 5.9 5.6 5.6 4.9 4.6 5.8 5.4 Multilateral 0.0 0.4 2.9 3.3 3.3 3.5 3.5 3.4 3.4 3.2 Concessional 0.0 0.2 1.5 1.9 2.1 2.4 2.2 2.4 2.7 2.7 Bilateral 0.0 0.0 2.6 2.7 2.3 2.1 1.3 1.3 2.4 2.2 Concessional 0.0 0.0 2.6 1.5 1.4 1.4 0.9 1.1 2.4 2.2 Private creditors 0.0 0.0 4.7 0.8 0.4 0.2 0.0 0.0 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Comimercial banks 0.0 0.0 3.8 0.7 0.4 0.2 0.0 0.0 0.0 0.0 Other private 0.0 0.0 0.9 0.1 0.1 0.0 0.0 0.0 0.0 0.0 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Comnmercial banks 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 0.0 0.1 0.7 0.8 0.9 1.1 1.2 1.2 1.2 1.2 NET TRANSFERS ON DEBT 0.7 50.5 -6.8 30.1 1.1 .1.2 3.6 43.7 7.0 4.0 Public and publicly guaranteed 0.7 50.5 .6.8 30.1 1.1 -1.2 3.6 43.7 7.0 4.0 Official creditors 0.7 29.2 5.4 35.3 5.8 3.4 4.0 44.0 7.0 4.0 Multilateral 0.0 17.9 10.1 44.0 16.8 12.7 8.8 12.7 13.2 10.5 Concessional 0.0 15.9 12.4 40.1 17.2 15.6 13.4 16.5 16.5 12.9 Bilateral 0.7 11.3 -4.7 -8.7 -11.0 -9.3 -4.8 31.2 -6.2 -6.5 Concessional 0.7 11.3 -4.7 -3.9 -6.4 -4.7 -0.2 33.9 -5.7 -6.5 Private creditors 0.0 21.3 -12.1 -5.2 -4.7 -4.6 -0.4 -0.2 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 6.9 -6.8 -4.7 -4.4 -4.2 0.0 0.0 0.0 0.0 Other private 0.0 14.4 -5.4 -0.6 -0.4 -0.4 -0.4 -0.2 0.0 0.0 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 0.0 5.1 8.8 20.6 6.3 7.5 9.7 7.9 6.6 0.4 DEBT SERVICE (LTDS) 0.1 0.8 30.3 25.3 24.4 25.4 19.3 19.4 19.2 20.3 Public and publicly guaranteed 0.1 0.8 30.3 25.3 24.4 25.4 19.3 19.4 19.2 20.3 Official creditors 0.1 0.4 18.2 20.1 19.6 20.8 18.9 19.1 19.2 20.3 Multilateral 0.0 0.4 7.7 8.4 8.5 9.0 10.1 9.7 10.0 11.2 Concessional 0.0 0.2 4.2 5.0 4.8 5.5 5.5 5.9 6.6 8.7 Bilateral 0.1 0.0 10.5 11.7 11.1 11.8 8.8 9.5 9.2 9.1 Concessional 0.1 0.0 10.5 6.9 6.5 7.2 4.2 6.8 8.8 9.1 Private creditors 0.0 0.4 12.1 5.2 4.7 4.6 0.4 0.2 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.1 6.8 4.7 4.4 4.2 0.0 0.0 0.0 0.0 Other private 0.0 0.3 5.4 0.6 0.4 0.4 0.4 0.2 0.0 0.0 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 0.0 0.1 1.0 1.3 1.4 1.7 1.9 2.2 2.5 2.6 UNDISBURSED DEBT 5.5 106.3 177.7 113.4 88.9 111.3 133.0 74.7 66.0 105.1 Official creditors 5.5 87.7 177.7 113.4 88.9 111.3 133.0 74.7 66.0 105.1 Private Creditors 0.0 18.6 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memorandum items Concessional LDOD 4.9 68.3 250.1 298.2 310.5 337.6 364.2 401.7 397.8 434.7 Variable rate LDOD 0.0 7.6 17.6 9.5 5.3 0.9 0.6 0.2 0.0 0.0 Public sector LDOD 5.1 94.0 306.6 345.2 349.6 369.3 388.1 419.7 411.1 451.3 Private sector LDOD 0.0 3.4 1.8 1.0 0.7 0.5 0.2 0.0 0.0 0.0 6. CURRENCY' CONMPOSITION OF LONG-TERMN DEBT iPERCENTI Deutsche mark 0.0 1.8 1.8 1.1 0.7 0.5 0.3 0.2 0.1 0.1 French franc 0.0 1.4 7.7 5.4 4.3 3.7 3.2 2.2 1.5 0.7 Japanese yen 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Pound sterling 100.0 16.3 8.5 7.3 7.1 6.7 6.3 5.7 5.7 5.1 Swiss franc 0.0 0.5 1.3 0.7 0.5 0.4 0.2 0.0 0.0 0.0 U.S.dollars 0.0 32.4 39.1 38.7 39.3 40.0 43.6 50.0 51.2 51.1 Multiple currency 0.0 7.0 19.8 21.9 23.2 24.4 24.6 21.7 21.2 20.6 Special drawing rights 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.1 0.1 All other currencies 0.0 40.6 21.8 24.9 24.9 24.3 21.8 20.2 20.2 22.3 249 GAMBIA, THE (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 7. DEBT RESTRUCTUiRINUS Total amount rescheduled ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Debt stock rescheduled ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal rescheduled ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Official ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Interest rescheduled ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Official ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Debt forgiven ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: interest forgiven ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Debt stock reduction ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 of which debt buyback ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 8. DEBT STOCK-FLOIv RECONCIIJA riON Total change in debt stocks ... 31.4 20.3 22.7 -1.4 4.2 30.7 -25.2 42.6 Net flows on debt 0.7 58.3 15.4 34.6 25.8 -18.3 -6.5 49.1 -3.0 11.5 Net change in interest arrears ... -3.5 0.1 0.0 0.0 0.1 -0.7 0.1 0.0 Interest capitalized ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Debt forgiveness or reduction ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Cross-currency valuation ... 11.5 -10.5 -3.6 6.2 4.4 -1.3 -7.2 4.6 Residual ... 7.9 -3.9 0.5 10.6 6.2 -16.4 -15.1 26.6 9. A%VERAGE TERMS OF NFEW COMI%MITMENTS ALL CREDITORS Interest (%) 0.7 3.9 0.8 0.8 0.7 0.8 3.5 0.4 1.0 1.1 Maturity (years) 49.7 20.3 42.0 49.5 39.6 41.6 21.3 27.2 49.7 31.3 Grace period (years) 10.4 4.9 10.0 10.3 10.1 9.6 6.2 7.1 10.5 7.9 Grant element (%/) 83.3 39.1 79.7 82.8 80.4 78.0 45.7 71.3 80.5 67.6 Official creditors Interest (%) 0.7 1.7 0.8 0.8 0.7 0.8 3.5 0.4 1.0 1.1 Maturity (years) 49.7 25.1 42.0 49.5 39.6 41.6 21.3 27.2 49.7 31.3 Grace period (years) 10.4 5.7 10.0 10.3 10.1 9.6 6.2 7.1 10.5 7.9 Grant element (%) 83.3 55.8 79.7 82.8 80.4 78.0 45.7 71.3 80.5 67.6 Private creditors Interest (%) 0.0 7.5 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Maturity (years) 0.0 12.2 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Grace period (years) 0.0 3.4 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Grant element (%) 0.0 11.3 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memorandum items Commiitments 2.1 72.9 37.9 20.6 12.3 43.8 40.3 9.9 21.6 59.8 Official creditors 2.1 45.7 37.9 20.6 12.3 43.8 40.3 9.9 21.6 59.8 Private creditors 0.0 27.3 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 10. CONTRACTUAL OBLIGA rIONS ON OUTSTANDING LONG-TERM DEBT 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 TOTAL Disbursements 25.0 25.1 19.1 14.4 10.6 6.7 3.9 0.3 0.0 0.0 Principal 15.8 14.8 18.6 18.5 17.6 18.1 18.2 17.1 17.2 17.1 Interest 5.8 5.8 5.7 5.5 5.3 5.0 4.8 4.6 4.3 4.0 Official creditors Disbursements 25.0 25.1 19.1 14.4 10.6 6.7 3.9 0.3 0.0 0.0 Principal 15.8 14.8 18.6 18.5 17.6 18.1 18.2 17.1 17.2 17.1 Interest 5.8 5.8 5.7 5.5 5.3 5.0 4.8 4.6 4.3 4.0 Bilateral creditors Disbursements 4.5 3.3 2.2 1.4 0.9 0.7 0.4 0.0 0.0 0.0 Principal 6.3 4.8 8.3 8.3 7.0 7.0 6.8 6.2 5.9 5.9 Interest 2.2 2.1 2.1 2.0 1.8 1.7 1.6 1.5 1.4 1.2 Multilateral creditors Disbursements 20.5 21.8 17.0 13.0 9.7 6.0 3.5 0.3 0.0 0.0 Principal 9.6 10.1 10.2 10.2 10.6 11.0 11.5 10.8 11.3 11.2 Interest 3.6 3.6 3.6 3.5 3.4 3.3 3.2 3.1 2.9 2.8 Private creditors Disbursements 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Interest 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks Disbursements 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Interest 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Other private Disbursements 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Interest 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 250 GEORGIA (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 I. SLrN]%IARN' DEBT DATA TOTAL DEBT STOCKS (EDT) 79 559 1,404 1,194 1,361 1,465 1,674 Long-term debt (LDOD) .. 79 559 878 993 1,106 1,189 1,324 Public and publicly guaranteed 79 559 878 993 1,106 1,189 1,311 Private nonguaranteed 0 0 0 0 0 0 13 Use of IMF credit 0 0 41 116 192 255 304 Short-term debt 0 0 485 86 64 22 47 of which interest arrears on LDOD 0 0 15 62 43 18 19 Official creditors 0 0 15 54 30 18 19 Private creditors 0 0 0 8 13 0 0 Memo: principal arrears on LDOD 1 0 43 211 135 77 192 Official creditors 0 0 42 203 118 77 192 Private creditors 1 0 1 8 17 0 0 Memo: export credits .. 48 78 89 106 100 84 84 TOTAL DEBT FLOWS Disbursements --21 124 134 174 173 172 163 Long-term debt 21 124 94 98 92 96 126 vMF purchases ..0 0 40 76 81 76 38 Principal repayments 0 5 1 0 1 3 24 Long-term debt ..0 5 1 0 1 3 23 RIMFrepurchases ..0 0 0 0 001 Net flows on debt 21 120 603 -272 169 152 163 of which short-termn debt 0 0 470 -446 -3 -17 24 interest payments (INT) 0 8 5 20 12 44 46 Long-term debt ... .0 8 5 17 6 37 39 IMF17harges ... .0 0 0 3566 Short-term debt ... .0 0 0 0 111 Net transfers on debt .. . - 21 112 598 -292 157 109 118 Total debt service paid (TDS) .. . . 0 13 6 20 13 46 70 Long-term debt ... .0 13 6 17 7 40 62 RAF repurchases and charges ... .0 0 0 3 5 67 Short-term debt (interest only) ...0 0 0 0 1 11 2. AGGREGATE NET RESOURCE FLOWS AND NET TRANSFERS (LONG-TERNI) NET RESOURCE FLOWS ... 26 215 271 190 214 192 207 Net flow of long-termndebt (ex.I4F) ... . 21 120 93 98 91 93 103 Foreign direct investment (net) ... .0 0 6 8 40 50 50 Porffolio equity flows ... .0 0 0 0 0 0 0 Grants (excluding technical coop.) ... .5 95 172 85 82 49 54 Memo: technical coop. grants ... .0 6 3 37 46 18 25 official net resource flows ... .5 219 266 182 174 143 150 private net resource flows ... . 21 -5 5 8 40 50 57 NET TRANSFERS .. . - 26 206 266 173 208 155 168 Interest on long-term debt ... .0 8 5 17 6 37 39 Profit remiittances on FDI ... 0 0 0 0 0 0 0 Memo: official net transfers ... .5 215 261 165 168 105 112 private net transfers ... . 21 -8 5 8 40 50 56 3. MAJOR ECONONUC AGGREGATES Gross national product (GNP) ... . 4,492 3,224 2,510 2,939 4,519 5,376 5,246 Exports of goods & services (XGS) ...... 530 473 486 516 848 914 of which workers remittances .........0 0 0 0 Imports of goods & services (MGS) ...... 1,015 923 891 933 1,420 1,513 Intemnational reserves (RES) .. 195 190 200 124 Current account balance ...... -354 -278 -216 -276 -376 -389 4. DEBT IN-DICATORCS EDT /XGS (%) .... 105.5 296.8 245.9 263.9 172.8 183.3 EDT /GNP (%) ... . 1.8 17.3 55.9 40.6 30.1 27.3 31.9 TDS /XGS (%) ...... 2.4 1.3 4.1 2.5 5.5 7.6 INT /XGS (%) ...... 1.6 1.0 4.1 2.3 5.1 5.0 INT /GNP (%) ... . 0.0 0.3 0.2 0.7 0.3 0.8 0.9 RES / EDT (%) ......... 16.3 13.9 13.7 7.4 RES /MGS(mnonths) ......... 2.6 2.4 1.7 1.0 Short-term /EDT (%) ... . 0.0 0.0 34.6 7.2 4.7 1.5 2.8 Concessional /EDT (%) ... . 0.0 0.0 0.1 7.2 30.3 43.5 45.7 Multilateral /EDT (%) ... . 0.0 17.2 10.1 20.5 23.0 24.8 26.1 251 GEORGIA (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 5. LONG-TERNI DEBT DEBT OUTSTANDING (LDOD) 79 559 878 993 1,106 1,189 1,324 Public and publicly guaranteed 79 559 878 993 1,106 1,189 1.311 Official creditors 0 489 786 893 1,014 1,186 1.308 Multilateral 0 96 141 245 313 363 438 Concessional 0 0 1 84 157 212 274 Bilateral 0 393 645 648 701 824 871 Concessional 0 0 0 2 256 426 492 Private creditors 79 70 91 100 93 3 3 Bonds 0 0 0 0 0 0 0 Commercial banks 1 1 0 0 0 0 0 Other private 78 69 91 100 93 3 3 Private nonguaranteed 0 0 0 0 0 0 13 Bonds 0 0 0 0 0 0 0 Cormmercial banks 0 0 0 0 0 0 13 Memo: IBRD 0 0 0 0 0 0 0 IDA 0 0 1 84 157 212 274 DISBURSEMENTS 21 124 94 98 92 96 126 Public and publicly guaranteed 21 124 94 98 92 96 119 Official creditors 0 124 94 98 92 96 119 Multilateral ..0 101 34 96 78 77 62 Concessional 0 0 1 85 76 64 53 Bilateral 0 24 60 2 14 19 57 Concessional 0 0 0 2 14 19 57 Private creditors 21 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 Commercial banks 1 0 0 0 0 0 0 Other private 21 0 0 0 0 0 0 Private nonguaranteed ..0 0 0 0 0 0 7 Bonds 0 0 0 0 0 0 0 Cormmercial banks 0 0 0 0 0 0 7 Memo: IBRD 0 0 0 0 0 0 0 IDA 0 0 1 85 76 64 53 PRINCIPAL REPAYMENTS 0 5 1 0 1 3 23 Public and publicly guaranteed 0 5 1 0 1 3 23 Official creditors ..0 0 0 0 1 3 23 Multilateral 0 0 0 0 0 0 3 Concessional ...0 0 0 0 0 0 0 Bilateral 0 0 0 0 1 3 20 Concessional 0 0 0 0 0 3 0 Private creditors 0 5 1 0 0 0 0 Bonds 0 0 0 0 0 0 0 Commercial banks 0 0 1 0 0 0 0 Other private 0 5 0 0 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 Bonds ..0 0 0 0 0 0 0 Cormmercial banks ..0 0 0 0 0 0 0 Memo: IBRD 0 0 0 0 0 0 0 IDA 0 0 0 0 0 0 0 NET FLOWS ON DEBT 21 120 93 98 91 93 103 Public and publicly guaranteed 21 120 93 98 91 93 96 Official creditors 0 124 94 98 91 93 96 Multilateral 0 101 34 96 78 76 59 Concessional 0 0 1 85 76 64 53 Bilateral 0 24 60 2 13 17 37 Concessional 0 0 0 2 14 17 57 Private creditors 21 -5 -1 0 0 0 0 Bonds 0 0 0 0 0 0 0 Comimercial banks 1 0 -1 0 0 0 0 Other private 21 -5 0 0 0 0 0 Private nonguaranteed 0 0 0 0 0 0 7 Bonds 0 0 0 0 0 0 0 Conunercial banks 0 0 0 0 0 0 7 Memo: IBRD 0 0 0 0 0 0 0 IDA 0 0 1 85 76 64 53 252 GEORGIA (US mlloti ules ohewie idiatd) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 INTEREST PAYMENTS (LINT) 0 8 5 17 6 37 39 Public and publicly guaranteed ..0 8 5 17 6 37 39 Official creditors ..0 5 5 17 6 37 39 Multilateral ..0 5 5 0 5 8 7 Concessional ..0 0 0 0 1 1 2 Bilateral ..0 0 0 17 1 29 32 Concessional ..0 0 0 0 0 14 16 Private creditors ..0 4 0 0 0 0 0 Bonds ..0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 Other private ..0 4 0 0 0 0 0 Private nonguaranteed ..0 0 0 0 0 0 1 Bonds ..0 0 0 0 0 0 0 Comimercial banks ..0 0 0 0 0 0 1 Memo: IBRD 0 0 0 0 0 0 0 IDA ..0 0 0 0 1 1 2 NET TRANSFERS ON DEBT 21 112 88 81 85 56 64 Public and publicly guaranteed ..21 112 88 81 85 56 57 Official creditors ..0 120 89 8 1 85 56 57 Multilateral ..0 96 30 96 73 69 52 Concessional ...0 0 1 85 76 63 5 1 Bilateral ..0 24 60 -15 12 -13 5 Concessional ..0 0 0 2 14 3 42 Private creditors ..21 -8 -1 0 0 0 0 Bonds 0 0 0 0 0 0 0 Commercial banks 1 0 -1 0 0 0 0 Other private 2 1 -8 0 0 0 0 0 Private nonguaranteed ..0 0 0 0 0 0 6 Bonds ..0 0 0 0 0 0 0 Commercial banks ..0 0 0 0 0 0 6 Memo: IBRD ..0 0 0 0 0 00 IDA ..0 0 1 85 76 63 5 1 DEBT SERVICE (LTDS) 0 13 6 17 7 40 62 Public and publicly guaranteed 0 13 6 17 7 40 62 Official creditors ...0 5 5 17 7 40 62 Multilateral ... .0 5 5 0 5 8 9 Concessional ... .0 0 0 0 1 1 2 Bilateral ...0 0 0 17 2 32 52 Concessional ... .0 0 0 0 0 16 16 Private creditors ... .0 8 1 0 0 0 0 Bonds ... .0 0 0 0 0 0 0 Commercial banks ... .0 0 1 0 0 0 0 Other private ... .0 8 0 0 0 0 0 Private nonguaranteed 0 0 0 0 0 0 1 Bonds ... .0 0 0 0 0 0 0 Commercial banks ... .0 0 0 0 0 0 1 Memo: IBRD ... .0 0 0 0 0 00 IDA ... .0 0 0 0 1 12 UNDISBURSED DEBT 85 38 46 42 105 175 347 Official creditors ... . 85 38 46 42 105 175 347 Private creditors ... .0 0 0 0 0 0 0 Memorandum items76 Concessional LDOD .. . . 0 0 1 86 413 637 76 Variable rate LDOD . .. . 1 490 388 409 202 141 164 Public sector LDOD ... 79 559 885 990 1,101 1,168 1,296 Private sector LDOD ....0 0 0 0 0 4 21 6. CUrRRENC1 COMPOS1T[ON OF LONG-TERM DEBT IPERCENT) Deutsche mark ... . 0.0 0.0 0.0 0.2 1.4 2.7 4.4 French franc ... . 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Japanese yen ... . 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Pound sterling ... . 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Swiss franc .. 0.0 0.0 0.4 0.5 0.3 0.3 0.3 U.S.dollars ... . 1.1 70.5 73.2 74.2 77.0 79.2 78.2 Multiple currency ... . 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Special drawing rights ... . 0.0 0.0 0.0 0.0 0.0 0.0 0.0 All other currencies ...98.9 29.5 26.4 25.1 21.3 17.8 17.1 253 GEORGIA, (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 7. DEBT RESTRUICTLIRINGS Total amount rescheduled ..0 369 412 0 634 167 0 Debt stock rescheduled 0 0 201 0 394 96 0 Principal rescheduled 0 0 3 0 199 35 0 Official 0 0 0 0 199 35 0 Private 0 0 3 0 0 0 0 Interest rescheduled 0 5 0 26 1 7 0 Official 0 0 0 0 26 5 0 Private 0 0 5 0 0 1 1 0 Debt forgiven ..0 0 0 0 0 4 0 Memo: interest forgiven 0 0 0 0 0 0 0 Debt stock reduction ..0 0 0 0 0 0 0 ofwlhich debt buyback 0 0 0 0 0 0 0 8. DEBT STOCK-FLOWV RECONCILLATION Total change in debt stocks 480 845 -210 167 104 209 Net flows on debt 21 120 603 -272 169 152 163 Net change in interest arrears 0 1 5 46 -19 -25 1 Interest capitalized 0 5 0 26 17 0 Debt forgiveness or reduction 0 0 0 0 -4 0 Cross-currency valuation ..-12 24 22 -16 -30 19 Residual 372 198 -5 7 -6 26 9. AVERAGE TERMTS OF NE%% COMMITMENTS ALL CREDITORS Interest (%) ... . 4.1 4.0 4.0 1.5 1.2 0.7 4.5 Maturity (years) ... . 3.2 4.3 13.7 32.3 35.0 34.2 20.8 Grace period (years) ... . 3.2 3.6 4.0 9.6 10.5 9.6 8.7 Grantcelement (%) ... . 15.3 18.7 33.5 71.3 75.3 78.3 40.6 Official creditors Interest (%) ... . 4.1 4.0 4.0 1.5 1.2 0.7 4.5 Maturity (years) ... . 3.2 4.3 13.7 32.3 35.0 34.2 20.8 Grace period (years) ... . 3.2 3.6 4.0 9.6 10.5 9.6 8.7 Grant element (%) ... . 15.4 18.7 33.5 71.3 75.3 78.3 40.6 Private creditors Interest (%) ... . 4.6 0.0 0.0 0.0 0.0 0.0 0.0 Maturity (years) ... . 1.6 0.0 0.0 0.0 0.0 0.0 0.0 Grace period (years) ... . 1.6 0.0 0.0 0.0 0.0 0.0 0.0 Grant element (%) ... . 7.5 0.0 0.0 0.0 0.0 0.0 0.0 Memorandum items Commnitments ... . 92 77 106 9 1 158 175 276 Official creditors .... 9 1 77 106 9 1 158 175 276 Private creditors I.. . 0 0 0 0 0 0 10. CONTRACIfl'AL OBLIGATIONS ON OUTSTANDING LONG-TERMt DEBT 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 TOTAL Disbursements 73 112 74 44 24 12 5 3 0 0 Principal 87 106 122 141 64 65 65 57 54 42 Interest 33 34 33 30 26 24 22 20 18 16 Official creditors Disbursements 73 112 74 44 24 12 5 3 0 0 Principal 8 1 101 121 140 64 64 65 57 54 42 Interest 33 33 33 30 26 24 22 20 17 15 Bilateral creditors Disbursements 13 17 1 1 7 4 2 1 0 0 0 Principal 79 96 117 133 54 54 53 43 38 25 Interest 29 26 22 18 13 1 1 9 7 6 4 Multilateral creditors Disbursements 60 96 63 37 20 10 4 3 0 0 Principal 3 4 4 8 10 10 1 1 13 16 17 Interest 4 7 10 12 13 13 13 12 12 1 1 Private creditors Disbursements 0 0 0 0 0 0 0 0 0 0 Principal 6 6 1 0 0 0 0 0 0 0 Interest 0 0 0 0 0 0 0 0 0 0 Commnercial banks Disbursements 0 0 0 0 0 0 0 0 0 0 Principal 0 0 0 0 0 0 0 0 0 0 Interest 0 0 0 0 0 0 0 0 0 0 Other private Disbursements 0 0 0 0 0 0 0 0 0 0 Principal 6 6 1 0 0 0 0 0 0 0 Interest 0 0 0 0 0 0 0 0 0 0 254 GHANA (US$ millioni, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 1. SUi%N1IA~RV DEBT DATA TOTAL DEBT STOCKS (EDT) 1,398 3,881 4,509 4,888 5,472 5,939 6,442 6,352 6,884 Long-term debt (LDOD) 520 1,162 2,816 3,355 3,677 4,192 4,669 5,246 5,327 5,833 Public and publicly guaranteed 510 1,152 2,783 3,320 3,640 4,160 4,642 4,975 5,060 5,570 Private nonguaranteed 10 10 33 35 37 32 27 271 267 263 Use of IMF credit 46 105 745 740 738 700 649 543 347 334 Short-term debt 131 320 414 474 580 621 654 678 717 ofwvich interest arrears on LDOD 5 56 41 54 57 28 11 14 12 Official creditors 4 45 19 24 19 22 2 5 7 Private creditors 1 11 22 30 38 6 9 9 4 Memo: principal arrears on LDOD 5 77 81 105 93 89 27 16 45 Official creditors ..3 50 43 64 50 46 5 9 36 Private creditors 2 27 38 41 43 43 23 7 10 Memo: export credits 0 411 387 335 426 612 735 881 778 TOTAL DEBT FLOWS Disbursements 44 249 503 489 511 469 648 936 649 632 Long-term debt 42 220 438 489 445 469 607 896 649 520 lMF purchases 2 29 65 0 66 0 42 40 0 112 Principal repayments 39 106 260 198 186 248 309 332 396 390 Long-term debt 14 77 144 134 120 166 202 206 231 252 EIMPrepurchases 25 29 117 64 66 83 108 125 166 139 Net flows on debt 5 75 341 307 371 324 410 654 274 283 of which short-term debt -68 98 16 47 103 71 50 21 42 Interest payments (INT) 53 108 121 122 121 98 152 156 190 Long-terindebt 12 31 59 81 86 84 60 109 122 149 vIMEcharges 0 4 37 20 14 11 10 7 5 2 Short-termndebt .. 18 12 19 22 26 28 36 29 38 Net transfers on debt 22 234 186 249 203 312 502 118 93 Total debt service paid (TDS) 159 368 319 308 369 407 484 552 580 Long-term debt 26 108 203 216 206 250 261 315 352 401 IMF repurchases and charges 25 33 154 84 81 93 117 133 171 141 Short-term debt (interest only) .. 18 12 19 22 26 28 36 29 38 2.AGGR-EGATE NET RESOUIRCE FLOWS AJNDE TRAINSFERS (LONG-TERMNI NET RESOURCE F'LOWS 101 181 758 595 673 1,312 1,017 1,150 711 579 Net flow of long-term debt (ex. lIE 28 143 294 354 325 303 405 690 419 269 Foreign direct investment (net) 68 16 15 23 125 233 107 120 83 56 Portfolio equity flows 0 0 0 0 0 557 267 124 46 1 5 Grants (excluding technical coop.) 6 23 449 218 222 218 238 216 163 239 Memo: techrnical coop. grants 15 42 62 102 97 88 108 96 108 104 official net resource flows 35 207 763 527 522 463 550 631 497 537 private net resource flows 66 -26 -5 69 151 849 467 520 213 42 NET TRANSFERS 77 135 692 505 578 1,218 937 1,012 549 386 Interest on long-termndebt 12 31 59 81 86 84 60 109 122 149 Profit remittances on FDI 12 15 7 9 9 10 20 30 40 44 Memo: official net transfers 28 183 719 465 453 400 498 554 424 447 private net transfers 49 -48 -26 40 125 818 440 458 125 -61 3. NIAJOR ECONONIC AGGREGATES Gross national product (GNP) 2,170 4,426 5,774 6,306 5,854 5,440 6,461 6,927 6,884 7,501 Exports of goods &services (XGS) .. 1,214 996 1,123 1,230 1,413 1,613 1,778 1,708 2,045 of which workers remittances ..1 6 7 10 16 17 28 26 30 Imports of goods & services (MGS) .. 1,264 1,624 1,963 2,297 2,123 2,263 2,557 2,791 3,049 Intemnational reserves (RES) 43 330 309 412 517 689 804 930 .. 457 Current account balance .. 30 -223 -377 -560 -255 -145 -325 -550 -350 4. DEBT INDICATORS EDTIXGS% .. 115.2 389.7 401.7 397.4 387.3 368.2 362.4 372.0 336.6 EDT/GNP(% . 31.6 67.2 71.5 83.5 100.6 91.9 93.0 92.3 91.8 TDS/XGS (% . 13.1 37.0 28.4 25.1 26.1 25.2 27.2 32.3 28.4 INT IXGS (% . 4.4 10.8 10.8 9.9 8.5 6.1 8.5 9.1 9.3 IINT/GNP(% . 1.2 1.9 1.9 2.1 2.2 1.5 2.2 2.3 2.5 RES/EDT(% . 23.6 8.0 9.1 10.6 12.6 13.5 14.4 ..6.6 RES /MGS (months) .. 3.1 2.3 2.5 2.7 3.9 4.3 4.4 ..1.8 Short-termn/ EDT (%) .. 9.4 8.3 9.2 9.7 10.6 10.5 10.2 10.7 10.4 Concessional /EDT(% . 55.2 54.6 57.1 59.2 61.1 63.0 62.2 64.2 67.1 Multilateral /EDT (%) .. 19.9 47.6 49.0 49.4 49.5 50.2 48.7 50.3 51.8 255 GHANA (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 5. L-ONG-TERNI DEBT DEBT OUTSTANDING (LDOD) 520 1,162 2,816 3,355 3,677 4,192 4,669 5,246 5,327 5,833 Public and publicly guaranteed 510 1,152 2,783 3,320 3,640 4,160 4,642 4,975 5,060 5,570 Officilaicreditors 332 1,031 2,560 3,022 3,330 3,770 4,141 4,447 4,473 4,995 Multilateral 53 279 1,846 2,209 2,413 2,710 2,982 3,138 3,197 3,563 Concessional 11 139 1,510 1,858 2,076 2,369 2,670 2,855 2,966 3,345 Bilateral 279 752 713 813 916 1,060 1,159 1,309 1,276 1,432 Concessional 236 633 611 716 818 974 1,071 1,150 1,109 1,273 Private creditors 178 121 224 298 310 390 502 528 587 575 Bonds 0 0 0 0 0 0 0 0 0 0 Comumercial banks 12 0 10 5 5 36 140 204 183 171 Other private 166 121 214 293 305 354 362 324 404 404 Private nonguaranteed 10 10 33 35 37 32 27 271 267 263 Bonds 0 0 0 0 0 0 0 250 250 250 Commercial banks 10 10 33 35 37 32 27 21 17 13 Memo: IBRD 43 114 113 87 77 70 59 44 30 27 IDA 11 99 1,310 1,631 1,838 2,094 2,375 2,530 2,617 2,962 DISBURSEMENTS 42 220 438 489 445 469 607 896 649 520 Public and publicly guaranteed 42 220 430 482 438 469 607 646 649 520 Official creditors 39 220 379 385 367 345 428 516 441 438 Multilateral 4 50 274 248 252 224 284 298 291 293 Concessional 4 21 214' 208 234 203 269 285 288 291 Bilateral 35 170 105 137 115 121 144 217 150 145 Concessional 35 93 95 110 108 121 138 108 116 125 Private creditors 3 0 51 97 71 124 179 131 208 83 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 9 3 3 30 108 72 25 25 Other private 3 0 42 93 68 94 71 58 183 58 Private nonguaranteed 0 0 8 7 7 0 0 250 0 0 Bonds 0 0 0 0 0 0 0 250 0 0 Commercial banks 0 0 8 7 7 0 0 0 0 0 Memo: IBRD 0 25 0 0 0 0 0 0 0 0 IDA 4 5 201 170 205 178 242 244 237 261 PRINCIPAL REPAYMENTS 14 77 144 134 120 166 202 206 231 252 Public and publicly guaranteed 14 77 136 128 115 161 197 200 227 248 Official creditors 9 35 65 77 68 100 117 101 107 140 Multilateral 2 4 29 44 41 51 73 55 52 53 Concessional 0 0 7 10 10 14 17 18 20 26 Bilateral 8 31 35 32 27 50 43 46 55 87 Concessional 7 14 33 23 22 42 39 38 34 58 Private creditors 5 42 71 52 47 61 80 99 120 107 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 22 17 4 2 1 2 19 38 40 Other private 5 20 55 48 45 59 78 80 82 67 Private nonguaranteed 0 0 8 6 5 5 5 6 4 4 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 8 6 5 5 5 6 4 4 Memo: IBRD 2 3 10 12 13 13 15 10 11 4 IDA 0 0 2 3 4 6 8 10 12 16 NET FLOWS ON DEBT 28 143 294 354 325 303 405 690 419 269 Public and publicly guaranteed 28 143 294 353 323 308 410 446 423 273 Official creditors 29 185 314 309 299 245 311 415 334 297 Multilateral 3 47 245 204 211 173 211 243 239 240 Concessional 4 21 207 199 224 189 252 266 268 265 Bilateral 27 138 69 105 88 71 101 172 95 58 Concessional 28 79 62 87 86 79 100 70 82 67 Private creditors -2 -42 -20 45 24 64 99 31 88 -25 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 -22 -8 0 1 29 106 53 -13 -16 Other private -2 -20 -13 45 23 35 -7 -22 101 -9 Private nonguaranteed 0 0 0 1 2 -5 -5 244 -4 -4 Bonds 0 0 0 0 0 0 0 250 0 0 Commnercial banks 0 0 0 1 2 -5 -5 -6 -4 -4 Memo: IBRD -1 21 -10 -12 -13 -13 -15 -10 -11 -4 IDA 4 5 199 168 202 172 234 234 225 245 256 GHANA (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 INTEREST PAYMENTS (LINT) 12 31 59 81 86 84 60 109 122 149 Public and publicly guaranteed 12 31 57 79 83 82 58 107 107 134 Official creditors 7 24 45 62 69 63 52 77 74 90 Multilateral 3 10 30 42 41 36 40 43 41 38 Concessional 0 1 10 15 15 16 18 21 21 23 Bilateral 4 14 15 21 28 27 12 35 33 52 Concessional 4 10 13 17 23 23 10 30 22 41 Private creditors 5 7 12 17 14 19 6 30 33 44 Bonds 0 0 0 0 0 0 0 0 0 0 Comimercial banks 0 2 2 1 0 0 0 7 1 1 15 Other private 5 4 1 1 1 6 14 19 6 22 22 29 Private nonguaranteed 0 0 2 2 3 2 2 1 15 15 Bonds 0 0 0 0 0 0 0 0 14 14 Commercial banks 0 0 2 2 3 2 2 1 1 1 Memo: IBRD 3 8 9 9 7 6 6 3 4 1 IDA 0 1 8 1 1 1 3 14 17 1 8 19 20 NET TRANSFERS ON DEBT 16 112 235 273 239 219 346 582 297 120 Public and publicly guaranteed 16 112 238 275 240 226 352 339 316 138 Official creditors 22 161 270 247 230 182 259 337 261 207 Multilateral 0 37 216 163 170 137 170 200 199 202 Concessional 4 20 197 184 208 173 234 246 246 242 Bilateral 22 124 54 84 60 44 89 137 62 6 Concessional 24 69 49 76 63 57 90 40 60 26 Private creditors -7 -48 -32 28 10 45 93 2 55 -69 Bonds 0 0 0 0 0 0 0 0 0 0 Commnercial banks 0 -24 -9 -1 1 29 106 46 -24 -30 Other private -7 -25 -23 29 9 15 -13 -44 80 -39 Private nonguaranteed 0 0 -2 -1 -1 -7 -7 243 -19 -19 Bonds 0 0 0 0 0 0 0 250 -14 -14 Commercial banks 0 0 -2 -1 -1 -7 -7 -7 -5 -5 Memo: IBRD -4 13 -20 -21 -20 -20 -21 -13 -15 -6 IDA 4 4 191 156 189 157 218 216 207 225 DEBT SERVICE (LTDS) 26 108 203 216 206 250 261 315 352 401 Public and publcicy guaranteed 26 108 192 207 198 243 254 307 333 382 Official creditors 16 59 109 139 137 163 169 178 180 230 Multilateral 4 14 59 86 82 87 113 98 93 91 Concessional 0 1 17 24 26 31 35 39 42 49 Bilateral 1 2 46 50 53 55 77 55 80 88 139 Concessional 1 1 24 46 40 45 64 49 68 56 99 Private creditors 10 48 83 69 6 1 80 86 129 153 152 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 24 18 5 2 1 2 27 50 55 Other private 10 25 65 64 59 79 84 103 104 96 Private nonguaranteed 0 0 10 8 8 7 7 7 19 19 Bonds 0 0 0 0 0 0 0 0 14 14 Commercial banks 0 0 10 8 8 7 7 7 5 5 Memo: IBRD 4 1 1 20 21 20 20 21 1 3 15 6 IDA 0 1 10 14 17 21 25 28 30 36 UNDISBURSED DEBT 76 431 1,708 1,731 1,767 1,872 2,104 1,976 1,546 1,274 Official creditors 76 431 1,595 1,586 1,606 1,619 1,800 1,696 1,363 1,170 Private creditors 0 0 113 146 161 253 304 280 183 104 Memorandum iteim Concessional LDOD 246 772 2,120 2,574 2,895 3,343 3,741 4,005 4,075 4,618 Variable rate LDOD 10 10 5 1 68 65 58 55 305 293 284 Public sector LDOD 510 1,125 2,783 3,320 3,640 4,160 4,642 4,975 5,060 5,570 Private sector LDOD 10 38 33 35 37 32 27 271 267 263 6. CURRENCI'COMP~OSrTION OF LONG-TERMI DEBTr iPERCENTi Deutsche mark 12.3 12.9 3.9 4.0 4.0 4.3 3.9 4.2 4.1 3.9 French franc 2.7 1.9 2.2 3.0 2.5 2.5 3.1 3.0 2.5 2.5 Japanese yen 0.0 0.1 6.7 10.1 11.4 13.2 13.7 12.4 1 1.8 14.1 Pound sterling 28.3 11.8 2.8 4.1 4.1 4.7 5.7 7.3 7.0 5.9 Swiss franc 0.0 0.0 0.6 0.4 0.3 0.2 0.2 0.3 0.2 0.2 U.S.dollars 22.5 38.7 58.7 55.6 56.7 54.9 55.4 56.0 58.4 58.5 Multiple currency 8.4 10.8 7.8 6.7 6.3 6.1 5.7 5.7 5.8 5.8 Special drawing rights 0.0 0.0 0.6 0.7 0.7 0.7 0.7 0.8 0.7 0.7 All other currencies 25.8 23.8 16.7 15.4 14.0 13.4 11.6 10.3 9.5 8.4 257 GHANA (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 7. DEBT RESTRUIcTURINGS Total amount rescheduled 0 0 0 0 0 99 0 0 Debt stock rescheduled 0 0 0 0 0 0 0 0 Principal rescheduled 0 0 0 0 0 47 0 0 Official ..0 0 0 0 0 38 0 0 Private 0 0 0 0 0 9 0 0 Interest rescheduled 0 0 0 0 0 21 0 0 Official 0 0 0 0 0 20 0 0 Private ..0 0 0 0 0 2 0 0 Debt forgiven ..102 0 0 12 1 7 7 0 Memo: interest forgiven 0 0 0 1 0 0 0 0 Debt stock reduction ..0 0 0 0 0 0 0 12 of which debt buyback 0 0 0 0 0 0 0 0 8. DEBT STOCK-FLOW RECONCILIATION Total change in debt stocks 479 129 380 584 467 503 -91 532 Net flows on debt 5 75 341 307 371 324 410 654 274 283 Net change in interest arrears ..17 5 1 3 3 -29 -17 3 -3 Interest capitalized 0 0 0 0 0 21 0 0 Debt forgiveness or reduction -102 0 0 -12 -l -7 -7 -12 Cross-currency valuation 101 -83 3 149 31 -93 -172 151 Residual 121 -100 -7 120 56 -56 -189 113 9. A VERAGE TERMS OF NEW COMMI[TM ENTS ALL CREDITORS Interest (%) 2.0 1.4 3.0 1.8 3.1 4.2 3.3 2.9 2.3 3.0 Maturity (years) 36.7 43.3 32.1 32.7 30.3 25.4 26.8 25.3 28.5 32.8 Grace period (years) 9.7 9.7 8.4 8.0 7.6 7.0 7.1 6.7 7.3 8.1 Grant element (%) 66.8 74.0 58.2 65.1 54.5 43.8 51.5 50.9 55.2 56.0 Official creditors Interest (%) 1.8 1.4 2.0 1.0 2.2 1.9 1.8 2.1 1.4 2.4 Maturity (years) 38.6 43.3 35.9 37.0 34.2 35.1 34.1 29.4 38.8 36.3 Grace period (years) 10.2 9.7 9.4 9.2 8.6 9.7 9.2 7.9 10.1 8.9 Grantcelement (%) 70.2 74.0 67.8 76.0 65.2 68.0 68.3 60.1 73.1 62.4 Private creditors Interest (%) 5.3 0.0 8.1 5.0 6.8 7.2 6.9 6.1 3.8 6.4 Maturity (years) 8.4 0.0 11.4 14.9 15.3 12.4 8.9 9.7 8.3 12.0 Grace period (years) 1.4 0.0 2.9 3.1 3.7 3.3 1.9 2.2 1.9 3.1 Grant element (%) 16.3 0.0 6.2 20.1 12.3 11.4 10.5 15.6 20.0 18.6 Memorandum items Commitmnents 51 170 679 724 497 477 796 702 378 284 Official creditors 48 170 573 583 396 273 565 556 250 243 Private creditors 3 0 106 140 100 203 231 146 127 42 10. CONTRACTU'AL OBLIGAr%IONS ON OLUTSrANDINC LONG-TERM D)EBT TOTAL Disbursements 410 358 214 140 83 37 24 5 2 0 Principal 315 316 281 264 499 243 238 211 203 195 Interest 137 130 121 III 95 78 69 61 55 50 Official creditors Disbursements 347 330 205 136 83 37 24 5 2 0 Principal 194 199 184 182 182 187 193 175 179 184 Interest 85 82 79 75 7 1 65 60 55 5 1 48 Bilateral creditors Disbursements 96 84 52 3 1 18 8 5 1 1 0 Principal 115 118 109 100 94 95 95 70 70 68 Interest 41 39 36 33 30 26 23 20 1 8 17 Multilateral creditors Disbursements 251 246 152 106 65 29 19 4 1 0 Principal 79 8 1 75 83 88 92 98 105 109 116 Interest 44 43 42 42 41 39 37 35 33 3 1 Private creditors Disbursements 63 29 9 3 0 0 0 0 0 0 Principal 121 117 97 82 317 56 45 37 24 1 1 Interest 53 48 42 37 24 13 9 6 4 2 Commercial banks Disbursements 5 1 0 0 0 0 0 0 0 0 Principal 43 41 30 23 1 8 13 7 2 0 0 Intfrest I11 8 6 4 2 1 1 0 0 0 Other private Disbursements 58 28 9 3 0 0 0 0 0 0 Principal 78 76 67 59 299 43 38 34 24 1 1 Interest 42 39 36 33 22 12 9 6 4 2 258 GRENADA (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 1. SUM1MARY' DEBTr DArA TOTAL DEBT STOCKS (EDT) .. 16.1 102.5 105.3 135.5 115.5 113.3 126.4 127.6 182.8 Long-term debt (LDOD) 7.6 12.3 89.9 94.1 92.5 100.2 98.9 105.8 113.8 113.0 Public and publicly guaranteed 7.6 12.3 89.9 94.1 92.5 100.2 98.9 105.8 113.8 113.0 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Use of IMF credit 0.0 2.8 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Short-term debt .. 1.0 12.6 11.3 43.0 15.4 14.4 20.6 13.8 69.8 of whlich interest arrears on LDOD .. 0.0 6.6 6.2 6.2 6.4 6.4 6.9 6.8 7.3 Official creditors .. 0.0 6.3 6.0 6.0 6.2 6.1 6.7 6.6 7.3 Private creditors .. 0.0 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.0 Memo: principal arrears on LDOD .. 0.0 15.4 17.5 17.8 18.7 19.0 20.2 18.0 18.3 Official creditors .. 0.0 14.4 16.6 16.9 17.8 18.4 19.7 17.6 17.9 Private creditors .. 0.0 1.0 0.9 0.9 1.0 0.5 0.5 0.4 0.4 Memo: export credits .. 0.0 23.0 19.0 25.0 18.0 4.0 4.0 22.0 13.0 TOTAL DEBT FLOWS Disbursements 3.0 1.7 14.6 7.6 4.5 10.8 3.8 9.1 14.4 3.2 Long-term debt 3.0 1.0 14.6 7.6 4.5 10.8 3.8 9.1 14.4 3.2 IMF purchases 0.0 0.7 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal repayments 0.0 1.6 1.7 3.8 5.2 5.3 4.8 4.4 4.4 4.8 Long-term debt 0.0 0.9 1.2 3.8 5.2 5.3 4.8 4.4 4.4 4.8 IMF repurchases 0.0 0.7 0.5 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Net flows on debt 3.0 -0.9 12.9 2.8 31.0 .22.3 -2.0 10.4 3.3 53.9 of which short-term debt .. -1.0 0.0 -0.9 31.7 -27.8 -1.0 5.7 -6.7 55.5 Interest payments (INT) .. 0.7 1.5 1.9 2.8 2.9 2.1 2.9 2.1 3.7 Long-term debt 0.1 0.5 1.1 1.6 1.5 1.5 1.6 2.1 1.7 2.0 IMF charges 0.0 0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Short-term debt .. 0.2 0.4 0.4 1.3 1.4 0.5 0.8 0.5 1.7 Net transfers on debt .. 1.6 11.4 0.9 28.2 -25.1 -4.1 7.5 1.2 50.2 Total debt service paid (TDS) .. 2.3 3.2 5.7 7.9 8.1 6.9 7.3 6.6 8.5 Long-term debt 0.1 1.3 2.3 5.4 6.7 6.7 6.3 6.5 6.1 6.8 IMF repurchases and charges 0.0 0.8 0.5 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Short-term debt (interest only) .. 0.2 0.4 0.4 1.3 1.4 0.5 0.8 0.5 1.7 2. A%GGREGATE NET RE-SOLRCF FL.O%%S.AJND NET TRANSFERS l-ONG.TERMI NET RESOURCE FLOWS 2.9 1.1 30.6 30.9 21.6 36.1 30.4 29.1 36.2 23.4 Net flow of long-termndebt (ex.IMF)3.0 0.1 13.4 3.7 -0.7 5.5 -1.0 4.7 10.0 -1.6 Foreign direct investment (net) 0.0 0.0 13.0 23.0 20.0 19.3 24.0 20.0 22.0 21.0 Portfolio equity flows 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Grants (excluding technical coop.) 0.0 1.0 4.2 4.1 2.3 11.3 7.4 4.4 4.1 4.0 Memo: technical coop. grants 0.0 0.8 2.9 3.9 3.9 3.3 3.8 2.5 3.3 3.4 official net resource flows 0.1 1.7 17.3 8.1 2.7 18.1 8.1 9.9 14.7 2.4 private net resource flows 2.8 -0.6 13.3 22.8 18.9 18.0 22.3 19.2 21.5 21.0 NET TRANSFERS 2.8 0.4 21.0 23.1 14.0 27.6 19.8 19.1 25.6 13.5 Interest on long-term debt 0.1 0.5 1.1 1.6 1.5 1.5 1.6 2.1 1.7 2.0 Profit remiittances on FDI 0.0 0.2 8.4 6.2 6.0 7.0 9.0 8.0 9.0 8.0 Memo: official net transfers 0.1 1.4 16.3 6.6 1.2 16.6 6.7 7.9 13.1 0.5 private net transfers 2.7 -1.0 4.7 16.5 12.8 11.0 13.1 11.2 12.5 13.0 3. MAJOR ECONOMI%C AGGREGATES Gross national product (GNP) .. 81.4 209.2 245.6 240.8 253.1 264.1 281.6 299.9 326.8 Exports of goods &services (XGS) .. 39.1 105.5 113.5 123.2 145.1 149.7 156.9 167.3 170.6 of which workers remittances .. 0.0 9.9 10.7 10.1 13.5 19.8 21.0 22.8 22.8 Imports of goods &services (MGS) .. 63.1 153.2 147.0 170.3 169.3 182.3 213.2 242.4 262.5 Intemnational reserves (RES) 5.3 12.9 17.6 25.9 26.9 31.2 36.7 35.7 42.7 46.8 Current accounthbalance .. 0.3 -46.2 -32.3 -43.5 -21.8 -35.2 -57.9 -78.0 -94.8 43. DEBT INDICA-TORS EDT /XGS(% . 41.2 97.2 92.8 110.0 79.6 75.7 80.6 76.3 107.2 EDT /GNP(% . 19.8 49.0 42.9 56.3 45.6 42.9 44.9 42.6 55.9 TDS / XGS (% . 5.9 3.0 5.0 6.4 5.6 4.6 4.7 4.0 5.0 INT /XGS(% . 1.8 1.4 1.7 2.3 2.0 1.4 1.9 1.3 2.2 INT /GNP(% . 0.9 0.7 0.8 1.2 1.2 0.8 1.0 0.7 1.1 RES / EDT (% . 80.2 17.2 24.6 19.9 27.0 32.4 28.3 33.4 25.6 RES /MGS (months) .. 2.5 1.4 2.1 1.9 2.2 2.4 2.0 2.1 2.1 Short-term /EDT (% . 6.2 12.3 10.7 31.7 13.3 12.7 16.3 10.8 38.2 Concessional / EDT (% . 52.2 59.4 56.4 44.4 57.3 57.2 54.3 55.3 38.6 Multilateral /EDT (% . 32.3 37.5 41.0 30.6 39.1 40.8 38.1 38.8 27.2 259 GRENADA (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 15. LONG-TERMI DEBT' DEBT OUTSTANDING (LDOD) 7.6 12.3 89.9 94.1 92.5 100.2 98.9 105.8 113.8 113.0 Public and publicly guaranteed 7.6 12.3 89.9 94.1 92.5 100.2 98.9 105.8 113.8 113.0 Official creditors 2.5 9.7 87.6 82.9 82.7 91.1 91.6 98.8 107.5 106.7 Multilateral 0.0 5.2 38.4 43.2 41.4 45.1 46.2 48.2 49.5 49.8 Concessional 0.0 4.2 35.5 40.5 39.4 42.7 41.9 41.9 43.0 43.4 Bilateral 2.5 4.6 49.2 39.7 41.2 46.0 45.4 50.6 58.0 56.9 Concessional 2.4 4.2 25.4 18.9 20.7 23.5 22.9 26.7 27.5 27.1 Private creditors 5.1 2.6 2.3 11.2 9.8 9.0 7.3 7.0 6.3 6.3 Bonds 5.1 2.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Comimercial banks 0.0 0.0 0.7 0.5 0.6 0.6 0.4 0.3 0.3 0.3 Other private 0.0 0.5 1.6 10.7 9.2 8.5 6.9 6.7 6.0 6.0 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 0.0 0.0 5.5 6.8 6.9 7.2 7.3 7.2 7.1 8.2 DISBURSEMENTS 3.0 1.0 14.6 7.6 4.5 10.8 3.8 9.1 14.4 3.2 Public and publicly guaranteed 3.0 1.0 14.6 7.6 4.5 10.8 3.8 9.1 14.4 3.2 Official creditors 0.1 1.0 14.1 6.3 4.4 10.8 3.8 9.1 14.4 3.2 Multilateral 0.0 1.0 2.8 6.1 1.6 5.6 3.3 4.4 4.2 2.5 Concessional 0.0 0.0 2.8 5.8 1.4 5.2 1.2 2.0 3.4 1.9 Bilateral 0.1 0.0 11.3 0.3 2.8 5.2 0.5 4.7 10.3 0.7 Concessional 0.0 0.0 1.0 0.3 2.8 3.8 0.5 3.5 2.3 0.7 Private creditors 2.8 0.0 0.5 1.2 0.1 0.0 0.0 0.0 0.0 0.0 Bonds 2.8 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 0.0 0.0 0.1 0.0 0.0 0.0 0.0 0.0 Other private 0.0 0.0 0.5 1.2 0.0 0.0 0.0 0.0 0.0 0.0 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 0.0 0.0 1.0 0.0 0.0 0.0 0.0 0.2 0.3 0.9 PRINCIPAL REPAYMENTS 0.0 0.9 1.2 3.8 5.2 5.3 4.8 4.4 4.4 4.8 Public and publicly guaranteed 0.0 0.9 1.2 3.8 5.2 5.3 4.8 4.4 4.4 4.8 Official creditors 0.0 0.3 1.0 2.4 3.9 4.0 3.1 3.6 3.9 4.8 Multilateral 0.0 0.0 1.0 1.9 3.2 2.5 2.5 2.1 2.1 2.6 Concessional 0.0 0.0 0.8 1.6 2.5 2.3 2.3 1.7 1.7 2.0 Bilateral 0.0 0.3 0.1 0.5 0.7 1.5 0.6 1.5 1.8 2.2 Concessional 0.0 0.2 0.0 0.3 0.7 1.4 0.6 0.8 0.8 1.3 Private creditors 0.0 0.6 0.2 1.4 1.2 1.3 1.7 0.8 0.5 0.0 Bonds 0.0 0.6 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 0.1 0.0 0.0 0.0 0.2 0.1 0.0 0.0 Other private 0.0 0.0 0.1 1.4 1.2 1.3 1.5 0.7 0.5 0.0 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commiercial banks 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 0.0 0.0 0.0 0.0 0.0 0.0 0.1 0.1 0.1 0.1 NET FLOWS ON DEBT 3.0 0.1 13.4 3.7 -0.7 5.5 -1.0 4.7 10.0 -1.6 Public and publicly guaranteed 3.0 0.1 13.4 3.7 -0.7 5.5 -1.0 4.7 10.0 .1.6 Official creditors 0.1 0.7 13.1 4.0 0.4 6.8 0.7 5.5 10.6 -1.6 Multilateral 0.0 1.0 1.9 4.2 -1.7 3.1 0.8 2.3 2.0 -0.1I Concessional 0.0 0.0 2.1 4.1 -1.1 2.9 -1.1 0.3 1.7 0.0 Bilateral 0.1 -0.3 11.2 -0.2 2.1 3.7 -0. 1 3.2 8.5 -1.4 Concessional 0.0 -0.2 1.0 0.0 2.1 2.4 -0. 1 2.7 1.4 -0.6 Private creditors 2.8 -0.6 0.3 -0.2 -1.1 -1.3 -1.7 -0.8 -0.5 0.0 Bonds 2.8 -0.6 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commnercial banks 0.0 0.0 -0. 1 0.0 0.1 0.0 -0.2 -0.1I 0.0 0.0 Other private 0.0 0.0 0.4 -0.2 -1.2 -1.3 -1.5 -0.7 -0.5 0.0 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 0.0 0.0 1.0 0.0 0.0 0.0 -0. 1 0.2 0.3 0.9 260 GRENADA (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 INTEREST PAYMENTS (LINT) 0.1 0.5 1.1 1.6 1.5 1.5 1.6 2.1 1.7 2.0 Public and publicly guaranteed 0.1 0.5 1.1 1.6 1.5 1.5 1.6 2.1 1.7 2.0 Official creditors 0.0 0.3 1.0 1.5 1.5 1.5 1.4 2.0 1.6 1.9 Multilateral 0.0 0.2 1.0 1.0 1.3 1.2 1.2 1.2 1.1 1.3 Concessional 0.0 0.2 0.9 0.9 1.2 1.2 1.1 1.0 1.0 1.0 Bilateral 0.0 0.1 0.0 0.6 0.2 0.2 0.2 0.8 0.5 0.6 Concessional 0.0 0.0 0.0 0.0 0.0 0.0 0.2 0.2 0.2 0.4 Private creditors 0.1 0.2 0.2 0.1 0.1 0.0 0.2 0.0 0.0 0.0 Bonds 0.1 0.2 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 0.2 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Other private 0.0 0.0 0.0 0.0 0.0 0.0 0.1 0.0 0.0 0.0 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IIBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 0.0 0.0 0.0 0.1 0.1 0.1 0.1 0.1 0.1 0.1 NET TRANSFERS ON DEBT 2.8 -0.3 12.3 2.2 .2.2 4.0 -2.6 2.7 8.4 -3.6 Public and publicly guaranteed 2.8 -0.3 12.3 2.2 -2.2 4.0 -2.6 2.7 8.4 .3.6 Official creditors 0.1 0.4 12.1 2.5 -1.1 5.3 -0.7 3.5 8.9 -3.5 Multilateral 0.0 0.8 0.9 3.2 -2.9 1.8 -0.4 1.0 0.9 -1.5 Concessional 0.0 -0.2 1.1 3.2 -2.3 1.7 -2.2 -0.6 0.7 -1.1 Bilateral 0.1 -0.4 11.2 -0.8 1.9 3.5 -0.3 2.4 8.0 -2.1 Concessional 0.0 -0.2 1.0 0.0 2.1 2.3 -0.3 2.5 1.3 -1.0 Private creditors 2.7 -0.7 0.2 -0.3 -1.2 -1.3 -1.9 -0.8 -0.6 -0. 1 Bonds 2.7 -0.7 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 -0.3 -0. 1 0.1 -0.1 -0.2 -0.1I -0.1I -0.1I Other private 0.0 0.0 0.4 -0.2 -1.2 -1.3 -1.7 -0.7 -0.5 0.0 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 0.0 0.0 0.9 0.0 -0. 1 -0.1 -0. 1 0.1 0.2 0.8 DEBT SERVICE (LTDS) 0.1 1.3 2.3 5.4 6.7 6.7 6.3 6.5 6.1 6.8 Public and publicly guaranteed 0.1 1.3 2.3 5.4 6.7 6.7 6.3 6.5 6.1 6.8 Official creditors 0.0 0.6 2.0 3.9 5.4 5.4 4.5 5.6 5.5 6.7 Multilateral 0.0 0.2 1.9 2.8 4.5 3.7 3.6 3.3 3.2 3.9 Concessional 0.0 0.2 1.7 2.5 3.7 3.5 3.4 2.7 2.7 3.0 Bilateral 0.0 0.4 0.1 1.1 0.9 1.7 0.8 2.3 2.3 2.8 Concessional 0.0 0.2 0.0 0.3 0.7 1.4 0.8 1.0 1.0 1.7 Private creditors 0.1 0.7 0.3 1.5 1.3 1.3 1.9 0.8 0.6 0.1 Bonds 0.1 0.7 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 0.3 0.1 0.0 0.1 0.2 0.1 0.1 0.1 Other private 0.0 0.0 0.1 1.4 1.2 1.3 1.7 0.7 0.5 0.0 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: I~BRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 0.0 0.0 0.0 0.1 0.1 0.1 0.1 0.1 0.1 0.1 UNDISBURSED DEBT 1.0 7.3 12.9 16.6 14.7 17.3 30.4 29.3 22.4 20.6 Official creditors 1.0 7.3 12.9 16.6 14.7 17.3 30.4 29.3 22.4 20.6 Private creditors 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memorandum items Concessional LDOD 2.4 8.3 60.9 59.4 60.1 66.3 64.8 68.6 70.5 70.5 Variable rate LDOD 0.0 0.0 13.4 10.5 10.4 10.9 10.6 11.5 11.2 11.2 Public sector LDOD 7.6 12.3 89.9 94.1 92.5 100.2 98.9 105.8 113.8 113.0 Private sector LDOD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 6. CULRRENCY CONEPOSITION OF LONG-TERMI DEBT (PERCENT) Deutsche mark 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 French franc 0.0 0.0 0.0 0.0 0.5 1.7 2.0 1.9 1.6 1.7 Japanese yen 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Pound sterling 100.0 48.0 31.4 34.4 34.7 31.6 29.8 30.0 26.3 25.7 Swiss franc 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 U.S.dollars 0.0 46.4 61.1 59.3 58.8 61.6 63.8 60.6 63.7 63.8 Multiple currency 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Special drawing rights 0.0 0.0 2.3 2.2 2.3 1.8 1.4 1.1 1.6 1.6 All other currencies 0.0 5.6 5.2 4.1 3.7 3.3 3.0 6.4 6.8 7.2 261 GRENADA (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 7. DEBT RESTRU'CTURINGS Total amount rescheduled .0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Debt stock rescheduled ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal rescheduled ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Official ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Interest rescheduled ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Official ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Debt forgiven ... 0.0 0.8 0.0 0.0 0.6 0.0 0.0 0.0 Memo: interest forgiven ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Debt stock reduction ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 of which debt buyback . . 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 S. DEBT STOCK-FLOW RECONCILLATION Totalichange in debt stocks ... 20.5 -7.8 30.1 -19.9 -2.2 13.1 1.2 55.2 Net flows on debt 3.0 -0.9 12.9 2.8 31.0 -22.3 -2.0 10.4 3.3 53.9 Net change in interest arrears ... 2.2 -1.3 0.0 0.2 0.0 0.5 -0. 1 0.5 Interest capitalized ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Debt forgiveness or reduction ... 0.0 -0.8 0.0 0.0 -0.6 0.0 0.0 0.0 Cross-currency valuation ... 6.1 -6.7 -0.9 2.0 0.1 2.7 -1.5 0.6 Residual ... -0.7 -1.8 0.0 0.1 0.3 -0.6 -0.5 0.2 9. AVER.AGE TERMS OF NEW CONMIFTNIENTS ALL CREDITORS Interest (%) 7.4 1.6 4.8 2.9 3.9 4.6 2.6 4.3 5.0 3.5 Maturity (years) 12.7 14.4 11.2 31.8 21.1 17.3 28.2 22.3 14.6 25.0 Grace period (years) 12.7 4.6 2.1 8.7 1.2 4.2 5.6 6.1 0.1 6.8 Grant element (%) 17.0 43.8 22.9 57.7 35.6 32.8 52.2 42.1 23.1 49.5 Official creditors Interest (%) 0.0 1.6 4.8 2.9 3.8 4.6 2.6 4.3 5.0 3.5 Maturity (years) 29.5 14.4 11.2 31.8 21.7 17.3 28.2 22.3 14.6 25.0 Grace period (years) 29.5 4.6 2.1 8.7 1.3 4.2 5.6 6.1 0.1 6.8 Grant element (%) 94.0 43.8 22.9 57.7 36.8 32.8 52.2 42.1 23.1 49.5 Private creditors Interest (%) 7.5 0.0 0.0 0.0 8.3 0.0 0.0 0.0 0.0 0.0 Maturity (years) 12.5 0.0 0.0 0.0 3.6 0.0 0.0 0.0 0.0 0.0 Grace period (years) 12.5 0.0 0.0 0.0 0.1 0.0 0.0 0.0 0.0 0.0 Grant element (%) 16.1 0.0 0.0 0.0 3.4 0.0 0.0 0.0 0.0 0.0 Memorandum items Commitments 2.8 7.3 11.9 7.5 2.8 14.5 17.0 8.8 8.0 1.2 Official creditors 0.0 7.3 11.9 7.5 2.7 14.5 17.0 8.8 8.0 1.2 Private creditors 2.8 0.0 0.0 0.0 0.1 0.0 0.0 0.0 0.0 0.0 10. CONTRACTUAL OBLIGATIONS ON OUTSTANDING LONG-TERMI DEBT 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 TOTAL Disbursements 7.8 5.6 3.9 2.7 0.4 0.1 0.1 0.0 0.0 0.0 Principal 12.4 9.9 7.6 7.6 7.4 7.0 6.1 5.3 5.2 4.9 Interest 2.7 2.4 2.3 2.1 2.0 1.8 1.6 1.4 1.2 1.1 Official creditors Disbursements 7.8 5.6 3.9 2.7 0.4 0.1 0.1 0.0 0.0 0.0 Principal 11.5 9.0 6.7 6.7 6.5 6.1 5.8 5.2 5.2 4.8 Interest 2.6 2.4 2.2 2.1 1.9 1.7 1.6 1.4 1.2 1.1 Bilateral creditors Disbursements 1.6 0.9 0.5 0.3 0.0 0.0 0.0 0.0 0.0 0.0 Principal 8.1 5.4 2.6 2.4 2.4 2.4 2.4 2.3 2.2 2.2 Interest 1.3 0.9 0.8 0.7 0.7 0.6 0.5 0.4 0.4 0.3 Multilateral creditors Disbursements 6.2 4.7 3.4 2.4 0.4 0.1 0.1 0.0 0.0 0.0 Principal 3.4 3.6 4.1 4.3 4.1 3.6 3.4 3.0 2.9 2.7 Interest 1.4 1.4 1.4 1.4 1.3 1.2 1.0 0.9 0.8 0.7 Private creditors Disbursements 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal 0.9 0.9 0.9 0.9 0.9 0.9 0.3 0.0 0.0 0.0 Interest 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks Disbursements 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Interest 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Other private Disbursements 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal 0.9 0.9 0.9 0.9 0.9 0.9 0.3 0.0 0.0 0.0 Interest 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 262 GUATEMALA (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 1. SUM NMAR Y DEBT DATA TOTAL DEBT STOCKS (EDT) 1,180 3,080 3,051 3,190 3,430 3,654 3,775 4,124 4,565 Long-term debt (LDOD) 120 845 2,605 2,518 2,676 2,900 2,966 2,876 2,975 3,171 Public and publicly guaranteed 106 563 2,478 2,376 2,494 2,739 2,824 2,755 2,872 2,990 Private nonguaranteed 14 282 127 141 183 161 142 121 103 182 Use ofIMF credit 0 0 67 31 0 0 0 0 0 0 Short-term debt 335 409 502 514 531 688 898 1,149 1,394 of which interest arrears on LDOD 0 202 226 73 92 96 104 98 101 Official creditors 0 47 30 29 33 34 40 37 39 Private creditors 0 155 196 44 58 63 63 61 61 Memo: principal arrears on LDOD 0 308 387 347 429 474 522 518 514 Official creditors 0 102 67 131 150 160 188 169 165 Private creditors 0 206 320 216 279 314 335 349 349 Memo: export credits 0 545 486 400 418 383 354 523 593 TOTAL DEBT FLOWS Disbursements 43 173 165 227 132 336 236 158 361 268 Long-term debt 43 173 165 227 132 336 236 158 361 268 IMFpurchases 0 0 0 0 0 0 0 0 0 0 Principal repayments 30 78 102 364 191 180 198 194 201 196 Long-term debt 22 78 90 332 160 180 198 194 201 196 IMF repurchases 8 0 12 32 3 1 0 0 0 0 0 Net flows on debt 52 130 67 -68 106 153 191 167 416 314 of whiich short-term debt .. 34 4 69 165 -2 153 203 256 242 Interest payments (INT) 67 112 174 115 127 152 161 162 200 Long-term debt 7 60 88 161 96 104 120 120 107 132 RIMFcharges 0 0 7 4 1 0 0 0 0 0 Short-termndebt ..8 1 6 9 1 8 23 32 41 55 68 Net transfers on debt .. 63 -45 -241 -10 27 39 6 254 114 Total debt service paid (TDS) .. 145 214 537 306 307 350 355 363 396 Long-term debt 29 137 179 493 256 284 318 314 307 328 IMF repurchases and charges 8 0 19 35 32 0 0 0 0 0 Short-termndebt (interest only) ..8 1 6 9 1 8 23 32 4 1 55 68 2.AGGREGATE NET RESOUiRCE FLOWS AND NET TRANSFERS iLONG-TERNIM NET RESOURCE F'LOWS 53 221 192 84 198 310 218 158 399 897 Net flow of long-term debt (ex. IMF 2 1 96 75 -105 -28 155 38 -36 160 72 Foreign direct investment (net) 29 III 48 94 143 65 75 77 84 673 Porffolio equity flows 0 0 0 0 0 0 0 0 0 0 Grants (excluding technical coop.) 2 14 69 95 83 89 105 117 155 152 Memo: technical coop. grants 9 1 8 90 82 93 66 9 1 78 101 90 official net resource flows 9 130 148 -4 44 203 130 152 239 276 private net resource flows 44 9 1 44 88 154 107 88 6 160 621 NET TRANSFERS 16 117 67 -113 58 161 42 -21 221 691 Interest on long-termn debt 7 60 88 161 96 104 120 120 107 132 Profit remittances on FDI 30 44 37 36 44 45 55 60 7 1 74 Memo: official net transfers 7 101 95 -135 -25 124 43 62 151 182 private net transfers 9 17 -29 22 83 37 -1 -83 70 508 3. MAJOR ECONONIC AGGREGATES Gross national product (GNP) 1,866 7,834 7,494 10,329 11,293 12,841 14,484 15,553 17,557 18,773 Exports of goods & services (XGS) .. 1,834 1,695 2,154 2,290 2,574 3,228 3,212 3,672 4,035 of which workers remittances ..0 107 187 205 263 358 375 408 457 Imports of goods & services (MGS) .. 2,107 2,028 3,063 3,150 3,385 3,933 3,810 4,504 5,323 Intemnational reserves (RES) 79 753 362 806 950 943 783 948 1,173 1,397 Current account balance .. -163 -213 -706 -702 -625 -572 -452 -634 -1,039 4. DEBT INDICATORS EDT /XGS (% . 64.3 181.7 141.7 139.3 133.3 113.2 117.5 112.3 113.1 EDT /GNP(% . 15.1 41.1 29.5 28.3 26.7 25.2 24.3 .23.5 24.3 TDS /XGS(% . 7.9 12.6 25.0 13.4 11.9 10.8 11.0 9.9 9.8 INT /XGS (%) .. 3.7 6.6 8.1 5.0 4.9 4.7 5.0 4.4 5.0 INT /GNP(% . 0.9 1.5 1.7 1.0 1.0 1.1 1.0 0.9 1.1 RES /EDT (%) .. 63.8 11.8 26.4 29.8 27.5 21.4 25.1 28.4 30.6 RES / MGS (months) .. 4.3 2.1 3.2 3.6 3.3 2.4 3.0 3.1 3.2 Short-term /EDT (%) .. 28.4 13.3 16.5 16.1 15.5 18.8 23.8 27.9 30.5 Concessional /EDT (%) .. 21.1 22.5 26.9 36.6 36.6 35.6 33.7 31.2 29.0 Multilateral /EDT (%) .. 30.9 33.7 30.7 27.7 29.1 27.7 27.7 26.0 26.6 263 GUATEMALA (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 S. LONG-TERNI DEBT DEBT OUTSTANDING (LDOD) 120 845 2,605 2,518 2,676 2,900 2,966 2,876 2,975 3,171 Public and publicly guaranteed 106 563 2,478 2,376 2,494 2,739 2,824 2,755 2,872 2,990 Official creditors 54 548 1,702 1,630 1,935 2,113 2,165 2,149 2,173 2,327 Multilateral 33 364 1,039 937 884 997 1,012 1,044 1,074 1,214 Concessional 13 153 335 338 336 366 371 379 383 387 Bilateral 21 183 663 693 1,051 1,116 1,153 1,105 1,099 1,113 Concessional 21 96 359 482 831 891 930 893 903 936 Private creditors 52 15 776 747 558 626 659 607 699 662 Bonds 14 0 190 158 144 220 264 231 337 307 Commercial banks 36 14 166 172 157 150 140 126 116 114 Other private 3 1 420 417 257 257 255 250 245 242 Private nonguaranteed 14 282 127 141 183 161 142 121 103 182 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 14 282 127 141 183 161 142 121 103 182 Memo: IBRD 14 144 293 213 178 177 158 200 188 203 IDA 0 0 0 0 0 0 0 0 0 0 DISBURSEMENTS 43 173 165 227 132 336 236 158 361 268 Public and publicly guaranteed 37 141 158 197 70 336 236 158 361 268 Official creditors 12 128 128 162 64 235 163 158 211 267 Multilateral 9 80 68 95 30 151 87 143 136 202 Concessional 5 35 20 13 11 42 19 24 19 19 Bilateral 2 48 59 66 34 84 76 15 74 65 Concessional 2 23 54 28 9 60 56 6 56 63 Private creditors 26 13 30 36 7 101 73 1 150 1 Bonds 0 0 0 2 0 89 59 0 150 0 Comimercial banks 25 13 14 32 7 9 2 0 0 0 Other prvate 0 0 16 2 0 3 1 2 1 0 1 Private nonguaranteed 6 32 7 30 62 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Conumercial banks 6 32 7 30 62 0 0 0 0 0 Memo: IBRD 4 39 17 49 1 29 13 69 17 28 IDA 0 0 0 0 0 0 0 0 0 0 PRINCIPAL REPAYMENTS 22 78 90 332 160 180 198 194 201 196 Public and publicly guaranteed 20 15 87 317 140 158 179 173 183 181 Official creditors 5 12 49 261 103 122 137 122 127 143 Multilateral 3 12 28 159 87 86 90 75 71 74 Concessional 0 1 6 19 13 14 14 16 14 15 Bilateral 2 1 21 102 16 35 48 47 56 69 Concessional 2 1 2 12 11 15 22 30 25 46 Private creditors 16 3 39 56 37 37 41 51 56 38 Bonds 8 0 11 20 14 14 15 33 44 31 Commercial banks 6 1 24 34 21 16 11 14 8 3 Other private 1 2 4 2 2 7 15 4 4 5 Private nonguaranteed 2 62 3 16 20 22 19 21 18 15 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 2 62 3 16 20 22 19 21 18 15 Memo: IBRD 2 4 5 107 40 44 40 13 12 14 IDA 0 0 0 0 0 0 0 0 0 0 NET FLOWS ON DEBT 21 96 75 -105 -28 155 38 -36 160 72 Public and publicly guaranteed 17 126 71 -119 -70 177 57 -15 178 87 Official creditors 7 116 79 -99 -40 113 26 35 84 124 Multilateral 6 69 40 -64 -57 65 -3 68 66 128 Concessional 5 33 14 -6 -2 27 4 9 5 4 Bilateral 1 47 38 -35 18 48 29 -32 19 -4 Concessional 1 23 52 16 -2 45 34 -24 31 17 Private creditors 10 10 -8 -20 -30 64 31 -50 94 -37 Bonds -8 0 -11 -18 -14 75 44 -33 106 -31 Commercial banks 19 11 -10 -2 -14 -8 -10 -14 -8 -3 Other private -1 -2 12 0 -2 -4 -3 -3 -4 Private nonguaranteed 4 -30 4 14 42 -22 -19 -21 -18 -15 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 4 -30 4 14 42 -22 -19 -21 -18 -15 Memo: IBRD 2 35 11 -58 -39 -15 -26 56 4 14 IDA 0 0 0 0 0 0 0 0 0 0 264 GUATEMALA (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 INTEREST PAYMENTS (LINT) 7 60 88 161 96 104 120 120 107 132 Public and publicly guaranteed 6 30 78 153 89 98 115 116 103 122 Official creditors 3 29 52 131 69 79 87 91 88 93 Multilateral 2 21 33 92 54 53 52 58 56 60 Concessional 0 3 4 7 7 7 8 8 7 8 Bilateral 1 9 19 39 15 26 35 33 32 34 Concessional 1 3 4 9 12 20 26 27 25 28 Private creditors 4 0 26 22 20 1 9 28 25 1 5 28 Bonds 1 0 1 8 16 1 5 1 3 23 2 1 1 3 27 Conimercial banks 2 0 6 4 4 3 3 2 1 0 Other private 0 0 3 1 2 2 3 2 1 1 Private nonguaranteed 1 30 10 8 7 6 5 4 4 11 Bonds 0 0 0 0 0 0 0 0 0 0 Commnercial banks 1 30 10 8 7 6 5 4 4 1 1 Memo: IBRD 1 1 1 4 53 16 16 14 14 14 12 IDA 0 0 0 0 0 0 0 0 0 0 NET TRANSFERS ON DEBT 14 36 -13 -266 -124 52 -82 -155 53 -60 Public and publicly guaranteed 11 96 -8 -272 -159 80 -58 -130 75 -35 Official creditors 4 86 26 -230 -109 34 -61 -56 -3 3 1 Multilateral 5 48 7 -156 -111 12 -55 9 10 68 Concessional 4 3 1 10 -13 -9 20 -3 0 -3 -4 Bilateral 0 38 19 -74 3 23 -6 -65 -13 -38 Concessional 0 19 49 7 -14 25 7 -51 6 -11 Private creditors 6 1 0 -34 -42 -50 45 3 -75 79 -65 Bonds -10 0 -28 -34 -29 62 22 -54 93 -58 Coimnercial banks 17 1 1 -15 -7 -18 -11 -13 -16 -9 -3 Other private -1 -2 9 -1 -4 -6 -6 -5 -5 -5 Private nonguaranteed 3 -60 -6 7 35 -28 -24 -25 -22 -25 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 3 -60 -6 7 35 -28 -24 -25 -22 -25 Memo: IBRD 1 24 8 -111 -55 -31 -40 42 -10 2 IDA 0 0 0 0 0 0 0 0 0 0 DEBT SERVICE (LTDS) 29 137 179 493 256 284 318 314 307 328 Public and publicly guaranteed 26 45 166 469 229 256 294 289 285 303 Official creditors 7 42 101 392 172 201 224 213 214 236 Multilateral 4 32 61 251 141 139 142 133 127 133 Concessional 0 4 10 26 20 22 22 24 21 23 Bilateral 3 10 40 141 3 1 61 82 80 88 103 Concessional 3 4 6 21 23 35 49 57 50 74 Private creditors 1 9 3 64 78 57 55 69 75 7 1 66 Bonds 10 0 28 36 29 27 38 54 57 58 Commercial banks 8 2 29 39 25 19 14 16 9 3 Other private 1 2 7 3 4 9 17 6 5 6 Private nonguaranteed 3 92 13 24 27 28 24 25 22 25 Bonds 0 0 0 0 0 0 0 0 0 0 Commnercial banks 3 92 1 3 24 27 28 24 25 22 25 Memo: IBRD 3 1 5 9 160 56 60 53 27 26 26 IDA 0 0 0 0 0 0 0 0 0 0 UNDISBURSED DEBT 70 507 802 828 808 649 496 713 672 646 Official creditors 59 397 741 644 630 570 488 707 671 645 Private creditors 10 110 61 185 178 79 7 6 2 1 Memorandum items Concessional LDOD 34 249 694 820 1,167 1,256 1,301 1,272 1,286 1,324 Variable rate LDOD 25 296 409 449 514 662 715 722 702 875 Public sector LDOD 106 563 2,475 2,374 2,494 2,739 2,824 2,755 2,872 2,990 Private sector LDOD 15 282 130 144 183 161 142 121 103 182 6. CURRENCI'coMaPOSITION OF LONG-TERNI DEBT iPERCENTI Deutsche mark 0.0 0.0 1.6 2.1 2.2 2.4 3.0 3.1 3.0 3.4 French franc 0.0 0.0 0.7 0.8 2.0 1.9 2.0 1.9 1.7 1.7 Japanese yen 0.0 0.0 0.0 2.0 2.1 2.2 2.0 1.8 2.4 2.5 Pound sterling 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Swiss franc 0.0 0.0 0.0 0.1 0.1 0.1 0.4 0.4 0.3 0.3 U.S.dollars 76.2 19.3 56.1 58.8 61.4 61.1 62.0 62.0 65.6 72.9 Multiple currency 23.8 80.6 41.1 35.6 31.8 32.0 30.2 30.6 26.9 19.1 Special drawing rights 0.0 0.0 0.0 0.1 0.1 0.2 0.1 0.1 0.1 0.1 All other currencies 0.0 0.1 0.5 0.5 0.3 0.1 0.3 0.1 0.0 0.0 265 GUATEMALA (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 7. DEBT RES~TRUCTU'RING.S Total amount rescheduled 30 0 366 0 0 0 0 0 Debt stock rescheduled ..8 0 0 0 0 0 0 0 Principal rescheduled 13 0 190 0 0 0 0 0 Official ..13 0 30 0 0 0 0 0 Private 0 0 161 0 0 0 0 0 Interest rescheduled 7 0 176 0 0 0 0 0 Official 7 0 10 0 0 0 0 0 Private 0 0 166 0 0 0 0 0 Debt forgiven 0 0 0 0 0 0 0 0 Memo: interest forgiven 0 0 0 0 0 0 0 0 Debt stock reduction 0 0 0 0 0 0 0 0 of which debt buyback 0 0 0 0 0 0 0 0 S. DEBTr STOCK-F LOWV RECONCILLATlON Total change in debt stocks 430 -41 139 240 224 121 349 441 Net flows on debt 52 130 67 -68 106 153 191 167 416 314 Net change in interest arrears 81 16 -154 19 5 7 -5 3 Interest capitalized ...7 0 176 0 0 0 0 0 Debt forgiveness or reduction ...0 0 0 0 0 0 0 0 Cross-currency valuation ... 29 -46 -9 21 5 -35 -44 22 Residual ... 247 56 20 48 23 -18 -18 103 9. AVIERAGE TERJAIS OF NrEw ConNuMTNENTS ALL CREDITORS Interest (%) 5.5 7.9 5.9 7.4 5.0 5.6 4.2 6.3 7.2 6.6 Maturity (years) 25.8 15.5 17.8 17.0 22.6 21.0 30.9 23.3 15.6 21.4 Grace period (years) 6.3 3.9 4.7 5.3 6.0 6.1 8.1 3.5 6.7 4.6 Grant element (%) 36.0 10.9 27.2 15.8 34.6 29.7 47.5 23.6 17.2 21.9 Official creditors Interest (%) 2.9 7.3 4.9 6.2 5.1 5.6 4.2 6.3 6.5 6.6 Maturity (years) 39.4 17.7 22.6 21.3 24.2 21.0 30.9 23.3 18.6 21.4 Grace period (years) 10.6 3.5 6.2 5.7 6.4 6.1 8.1 3.5 5.0 4.6 Grant element (%) 61.0 14.3 36.1 25.8 36.5 29.7 47.5 23.6 21.3 21.9 Private creditors Interest (%) 8.5 8.5 8.8 8.7 3.7 0.0 0.0 0.0 8.5 0.0 Maturity (years) 9.7 13.2 4.0 12.3 3.3 0.0 0.0 0.0 10.0 0.0 Grace period (years) 1.2 4.2 0.5 4.8 0.3 0.0 0.0 0.0 10.0 0.0 Grant element (%) 6.6 7.5 1.7 4.5 11.4 0.0 0.0 0.0 9.2 0.0 Memorandum items Comritrnients 50 247 146 358 135 244 97 384 441 247 Official creditors 27 124 108 190 125 244 97 384 291 247 Private creditors 23 123 38 168 10 0 0 0 150 0 10. CONTRACTUAL OBLIGATIONS ON OLrTSrAN1DING LONG-TERNI DEBT 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 TOTAL Disbursements 210 166 115 62 34 20 13 10 6 4 Principal 239 202 206 202 242 209 204 195 340 158 Interest 144 139 134 125 115 104 95 85 76 55 Official creditors Disbursements 210 166 115 62 34 20 13 10 6 4 Principal 181 147 155 152 191 189 184 175 170 158 Interest 109 109 107 103 96 88 80 71 63 55 Bilateral creditors Disbursements 39 21 1 1 6 2 2 1 1 0 0 Principal 59 58 61 57 85 84 83 80 76 67 Interest 33 32 29 27 25 22 19 16 14 1 1 Multilateral creditors Disbursements 170 145 104 55 33 19 12 10 6 4 Principal 122 90 94 94 106 105 101 95 93 91 Interest 76 78 78 75 71 66 61 55 50 44 Private creditors Disbursements 1 0 0 0 0 0 0 0 0 0 Principal 57 55 5 1 5 1 5 1 20 20 20 170 0 Interest 34 30 27 23 19 16 15 14 13 0 Commercial banks Disbursements 0 0 0 0 0 0 0 0 0 0 Principal 3 0 0 0 0 0 0 0 0 0 Interest 0 0 0 0 0 0 0 0 0 0 Other private Disbursements 1 0 0 0 0 0 0 0 0 0 Principal 55 55 5 1 5 1 5 1 20 20 20 170 0 Interest 34 30 27 23 19 16 15 14 1 3 0 266 GUINEA (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 I. SUMMINARI'DEBT DATA TOTAL DEBT STOCKS (EDT) 1,134 2,476 2,634 2,848 3,110 3,242 3,240 3,519 3,546 Long-term debt (LDOD) 320 1,019 2,253 2,450 2,659 2,886 2,987 2,981 3,009 3,126 Public and publicly guaranteed 320 1,019 2,253 2,450 2,659 2,886 2,987 2,981 3,009 3,126 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Use of IMF credit 3 35 52 64 60 71 94 82 99 127 Short-term debt 80 172 120 128 152 161 177 411 293 of which interest arrears on LDOD 29 55 46 68 100 82 103 98 99 Official creditors 23 49 40 58 90 71 91 88 96 Private creditors 5 6 5 9 10 11 11 10 4 Memo: principal arrears on LDOD 105 190 208 342 460 371 434 471 467 Official creditors .. 89 164 180 290 401 314 368 407 452 Private creditors 15 26 28 52 59 58 66 64 15 Memo: export credits 0 352 253 157 176 190 182 145 148 TOTAL DEBT FLOWS Disbursements 98 129 196 210 286 182 200 143 265 180 Long-term debt 94 121 196 198 286 169 169 143 232 148 MEv purchases 4 8 0 12 0 12 31 0 33 32 Principal repayments 11 76 110 50 44 54 129 67 100 104 Long-term debt 11 75 96 49 41 48 121 58 90 94 RAM repurchases 0 1 14 1 3 6 9 8 10 9 Net flows on debt 87 23 86 143 228 120 98 72 403 -43 of whch short-termndebt -31 0 -17 -14 -9 27 -4 238 -120 Interest payments (INT) .. 33 59 37 40 43 49 47 55 55 Long-termn debt 4 23 53 33 37 40 44 43 45 43 IMF charges 0 1 2 0 0 0 0 0 1 1 Short-termndebt 9 4 4 3 3 5 3 10 12 Net transfers on debt -11 27 106 188 76 49 25 348 -99 Total debt service paid (TDS) .. 109 169 87 84 97 178 114 155 159 Long-termn debt 15 98 149 82 78 88 164 101 134 138 IMF repurchases and charges 0 2 16 1 4 6 9 9 11 10 Short-term debt (interest only) ..9 4 4 3 3 5 3 10 12 2. AGGREGATE NET RESOURCE FLOWS AND NET TRANSFERS (LONG-TERM j NET RESOURCE F'LOWS 85 106 212 390 414 285 285 258 268 227 Net flow of long-termn debt (ex. IMF) 83 47 100 149 245 122 49 85 143 54 Foreign direct investment (net) 0 34 18 20 3 1 1 24 1 1 Portfolio equity flows 0 0 0 0 0 0 0 0 0 0 Grants (excluding technical coop.) 2 25 94 222 166 162 235 150 125 172 Memo: technical coop. grants 4 19 63 76 82 65 72 68 49 49 official net resource flows 79 26 212 378 408 293 299 217 288 237 private net resource flows 6 80 -1 12 6 -9 -14 41 -19 -9 NET TRANSFERS 80 43 98 298 351 204 231 200 208 171 Interest on long-term debt 4 23 53 33 37 40 44 43 45 43 Profit renmittances on FDI 0 40 61 60 26 40 10 15 16 13 Memo: official net transfers 76 5 165 346 372 254 256 174 246 194 private net transfers 5 38 -68 -48 -21 -50 -25 25 -38 -22 3. MtAJOR ECONOMIC AGGREGATES Gross national product (GNP) ... 2,600 3,139 3,159 3,321 3,502 3,867 3,808 3,476 Exports of goods & services (XGS) ... 841 685 757 676 714 775 749 817 of which workers remiittances 0 1 1 1 4 Imports of goods &services (MGS) ... 1,115 1,080 1,010 1,131 1,109 1,053 955 1,052 Intemnational reserves (RES) ... . 87 132 88 87 87 122 Current account balance ... -203 -263 -57 -248 -216 -177 -91 -119 4. DEBT INDICATORS EDT /XGS (%) ... 294.4 384.6 376.2 460.3 454.3 418.4 469.6 434.0 EDT /GNP (%) ... 95.2 83.9 90.2 93.6 92.6 83.8 92.4 102.0 TDS /XGS (%) ... 20.0 12.7 11.1 14.3 25.0 14.7 20.7 19.5 INT /XGS (%) ... 7.0 5.3 5.3 6.4 6.8 6.1 7.3 6.8 INT /GNIP( ... 2.3 1.2 1.3 1.3 1.4 1.2 1.4 1.6 RES /EDT(% ... 3.3 4.6 2.8 2.7 2.7 3.5 RES /MGS (months) . .. 1.0 1.6 0.9 0.9 1.0 1.5 Short-term /EDT (%) .. 7.0 7.0 4.6 4.5 4.9 5.0 5.5 11.7 8.3 Concessional / EDT (%) .. 59.8 67.7 75.1 75.7 74.9 75.8 74.9 70.5 74.7 Multilateral /EDT (%) .. 11.5 27.4 34.7 39.3 41.9 45.1 45.9 44.2 47.6 267 GUINEA (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 5. LONG-TERMI DEBT DEBT OUTSTANDING (LDOD) 320 1,019 2,253 2,450 2,659 2,886 2,987 2,981 3,009 3,126 Public and publicly guaranteed 320 1,019 2,253 2,450 2,659 2,886 2,987 2,981 3,009 3,126 Official creditors 279 860 2,145 2,359 2,555 2,789 2,905 2,883 2,933 3,097 Multilateral 20 130 678 913 1,118 1,304 1,460 1,486 1,555 1,689 Concessional 0 63 602 799 967 1,103 1,216 1,221 1,299 1,449 Bilateral 259 731 1,467 1,446 1,437 1,485 1,444 1,397 1,378 1,408 Concessional 246 615 1,073 1,179 1,191 1,225 1,241 1,205 1,181 1,200 Private creditors 40 159 108 91 104 98 82 98 76 30 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 9 24 24 23 24 25 24 12 0 Other private 40 150 84 68 81 74 57 74 63 30 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Comimercial banks 0 0 0 0 0 0 0 0 0 0 Memo: IBRD 20 55 28 0 0 0 0 0 0 0 IDA 0 32 392 548 681 773 847 863 922 1,016 DISBURSEMENTS 94 121 196 198 286 169 169 143 232 148 Public and publicly guaranteed 94 121 196 198 286 169 169 143 232 148 Official creditors 83 64 196 198 275 169 169 126 212 142 Multilateral 15 34 90 160 237 139 161 ill. 194 135 Concessional 0 31 85 118 190 95 115 69 160 115 Bilateral 68 30 106 38 38 30 8 15 18 7 Concessional 57 24 105 38 38 30 8 14 13 3 Private creditors 10 57 0 0 11 0 0 17 20 7 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 4 0 0 0 0 0 0 0 0 Other private 10 53 0 0 11 0 0 17 20 7 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 0 0 Memo: IBRD 15 0 0 0 0 0 0 0 0 0 IDA 0 10 52 88 134 63 59 47 109 66 PRINCIPAL REPAYMENTS 11 75 96 49 41 48 121 58 90 94 Public and publicly guaranteed 11 75 96 49 41 48 121 58 90 94 Official creditors 6 63 77 41 33 38 106 58 49 77 Multilateral 0 14 21 29 14 15 35 35 33 61 Concessional 0 0 6 7 8 8 26 26 15 15 Bilateral 6 50 56 13 19 23 71 23 16 16 Concessional 6 44 48 11 8 18 60 18 14 16 Private creditors 5 11 19 8 8 9 15 0 40 17 Bonds 0 0 0 0 0 0 0 0 0 0 Conmmercial banks 0 0 7 0 0 0 0 0 11 17 Other private 5 11 11 8 8 9 1 5 0 30 0 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 0 0 Memo: IBRD 0 3 12 15 0 0 0 0 0 0 IDA 0 0 1 1 1 2 2 4 4 5 NET FLOWS ON DEBT 83 47 100 149 245 122 49 85 143 54 Public and publicly guaranteed 83 47 100 149 245 122 49 85 143 54 Official creditors 77 1 119 157 242 131 64 68 163 64 Multilateral 15 20 68 131 223 124 126 76 160 74 Concessional 0 31 80 ill 182 87 89 44 145 100 Bilateral 62 -19 51 26 19 7 -63 -8 3 -10 Concessional 51 -19 57 26 30 12 -52 -4 -1 -12 Private creditors 6 46 -19 -8 3 -9 -15 17 -20 -10 Bonds 0 0 0 0 0 0 0 0 0 0 Comimercial banks 0 4 -7 0 0 0 0 0 -11 -17 Otier private 6 43 -11 -8 3 -9 -15 17 -10 7 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Comimercial banks 0 0 0 0 0 0 0 0 0 0 Memo: IBRD 15 -3 -12 -15 0 0 0 0 0 0 IDA 0 10 51 87 132 61 57 43 105 61 268 GUINEA (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 INTEREST PAYMENTS (LINT) 4 23 53 33 37 40 44 43 45 43 Public and publicly guaranteed 4 23 53 33 37 40 44 43 45 43 Official creditors 3 21 47 33 36 39 43 43 42 43 Multilateral 1 8 12 17 15 16 15 24 24 25 Concessional 0 0 5 9 9 10 9 1 1 1 1 1 1 Bilateral 2 13 35 16 22 23 28 19 17 18 Concessional 2 12 23 1 1 15 17 20 1 1 12 13 Private creditors 1 2 6 0 1 2 1 0 3 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 6 0 0 0 0 0 2 0 Other private 1 2 1 0 1 2 1 0 1 0 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 0 0 Memo: IBRD 1 6 2 1 0 0 0 0 0 0 IDA 0 0 2 4 4 6 6 7 6 6 NET TRANSFERS ON DEBT 79 24 47 116 208 81 5 41 98 11 Public and publicly guaranteed 79 24 47 116 208 81 5 41 98 11 Official creditors 74 -20 72 124 206 92 21 25 121 21 Multilateral 14 12 57 115 209 108 ill 52 136 49 Concessional 0 3 1 74 102 173 78 80 33 134 89 Bilateral 60 -32 15 10 -3 -16 -91 -27 -15 -28 Concessional 49 -31 34 16 15 -6 -72 -15 -13 -25 Private creditors 5 44 -25 -8 2 -11 -16 1 6 -23 -10 Bonds 0 0 0 0 0 0 0 0 0 0 Comimercial banks 0 3 -13 0 0 0 0 0 -13 -17 Other private 5 40 -12 -8 2 -11 -16 16 -11 7 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Conimercial banks 0 0 0 0 0 0 0 0 0 0 Memo: IBRD 14 -9 -14 -15 0 0 0 0 0 0 IDA 0 10 49 83 128 55 5 1 36 99 55 DEBT SERVICE (LTDS) 15 98 149 82 78 88 164 101 134 138 Public and publicly guaranteed 15 98 149 82 78 88 164 101 134 138 Official creditors 9 84 124 74 69 77 149 101 9 1 120 Multilateral 1 22 33 45 28 3 1 50 59 58 86 Concessional 0 0 1 1 16 17 18 35 36 26 26 Bilateral 8 63 91 29 41 46 99 42 33 35 Concessional 8 55 7 1 22 22 35 80 29 26 29 Private creditors 6 14 25 8 9 1 1 16 0 44 17 Bonds 0 0 0 0 0 0 0 0 0 0 Corrmercial banks 0 1 13 0 0 0 0 0 13 17 Other private 6 1 3 1 2 8 9 1 1 16 0 3 1 0 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commnercial banks 0 0 0 0 0 0 0 0 0 0 Memo: IBRD 1 9 14 15 0 0 0 0 0 0 IDA 0 0 3 5 6 8 8 1 1 10 1 1 UNDISBURSED DEBT 196 527 1,184 1,000 753 621 680 632 474 356 Official creditors 173 412 1,184 1,000 753 621 637 605 468 356 Private creditors 24 115 0 0 0 0 44 27 7 0 Memorandum items Concessional LDOD 246 678 1,675 1,977 2,157 2,329 2,457 2,425 2,479 2,649 Variable rate LDOD 0 3 173 98 93 100 34 30 18 5 Public sector LDOD 320 1,019 2,253 2,450 2,659 2,886 2,987 2,981 3,009 3,126 Private sector LDOD 0 0 0 0 0 0 0 0 0 0 6. CURRENCI O'co POSaT ON OF LONG-TERNI DEBT (PERCENT) Deutsche mark 7.1 5.1 1.3 1.0 0.8 0.8 0.8 0.7 0.6 0.6 French franc 5.1 11.3 14.9 13.8 11.9 11.8 9.6 8.9 8.3 8.1 Japanese yen 0.0 0.1 2.2 2.3 2.9 3.8 3.5 3.2 2.6 2.7 Pound sterling 4.0 4.1 1.8 1.2 1.0 1.0 0.9 0.9 0.9 0.8 Swiss franc 0.0 0.8 0.6 0.5 0.4 0.5 0.3 0.3 0.3 0.3 U.S.dollars 16.0 28.2 33.1 39.7 42.7 43.5 48.5 49.3 51.5 53.2 Multiple currency 6.4 5.5 7.6 7.3 7.5 7.9 8.0 7.9 7.4 7.6 Special drawing rights 0.0 0.0 0.6 0.9 1.0 1.0 1.1 1.1 1.2 1.5 All other currencies 61.4 44.9 37.9 33.3 31.8 29.7 27.3 27.7 27.2 25.2 269 GUINEA (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 7. DEBT RESTRLICTLURINGS Total amount rescheduled 110 156 0 0 131 0 81 22 Debt stock rescheduled 0 0 0 0 0 0 0 0 Principal rescheduled 71 110 0 0 94 0 24 15 Official 71 107 0 0 93 0 24 15 Private 0 3 0 0 2 0 0 0 Interest rescheduled ..0 45 0 0 16 0 11 7 Official 0 45 0 0 15 0 11 7 Private ...0 0 0 0 0 0 0 0 Debt forgiven ..2 48 1 1 53 0 7 5 Memo: interest forgiven ..0 13 0 0 8 0 3 2 Debt stock reduction ..0 0 0 0 0 0 0 130 of which debt buyback 0 0 0 0 0 0 0 17 S. DEBT STOCK-FLOW RECONCILIATION Total change in debt stocks ... 302 11 214 262 132 -2 279 27 Net flows on debt 87 23 86 143 228 120 98 72 403 -43 Net change in interestarrears ... 26 -31 22 33 -18 21 -4 1 Interest capitalized ...0 45 0 0 16 0 11 7 Debt forgiveness or reduction ... -2 -48 -1 -1 -53 0 -7 -118 Cross-currency valuation ... 106 -60 -26 66 39 -39 -71 47 Residual ..86 -38 -9 45 52 -55 -53 133 9. AVERAGE TERMTS OF NEW~ COMMITNIENTS ALL CREDITORS Interest (%) 2.9 4.6 2.6 3.0 2.9 1.3 2.1 2.5 0.6 1.4 Maturity (years) 12.9 19.3 30.5 31.2 30.9 32.7 21.3 28.5 43.0 37.2 Grace period (years) 5.2 5.6 8.2 8.1 7.8 8.7 6.8 8.3 10.4 9.0 Grant element (%) 40.1 36.2 59.5 55.1 57.1 70.2 50.6 60.4 83.1 69.7 Official creditors Interest (%) 0.9 3.4 2.6 3.0 2.0 1.3 2.0 2.5 0.6 1.4 Maturity (years) 15.0 22.8 30.5 31.2 35.6 32.7 25.9 28.5 43.0 37.2 Grace period (years) 7.0 6.6 8.2 8.1 9.0 8.7 8.5 8.3 10.4 9.0 Grant element (%) 55.5 46.5 59.5 55.1 66.2 70.2 60.8 60.4 83.1 69.7 Private creditors Interest (%) 6.2 7.9 0.0 0.0 8.0 0.0 2.7 0.0 0.0 0.0 Maturity (years) 9.5 9.8 0.0 0.0 3.2 0.0 3.5 0.0 0.0 0.0 Grace period (years) 2.5 3.0 0.0 0.0 0.2 0.0 0.1 0.0 0.0 0.0 Grant element (%) 15.6 8.0 0.0 0.0 3.5 0.0 10.8 0.0 0.0 0.0 Memorandum items Commiitments 68 269 487 197 76 75 215 131 135 24 Official creditors 42 197 487 197 65 75 171 131 135 24 Private creditors 26 72 0 0 1 1 0 44 0 0 0 10. CONTRACTUAL OBLIGArIONS ON OUTSTANDING LONG-TERMI DEBT 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 TOTAL Disbursements 140 96 60 32 15 6 3 2 1 0 Principal 120 132 126 125 122 122 107 106 102 102 Interest 53 61 57 53 49 46 42 39 36 34 Official creditors Disbursements 140 96 60 32 15 6 3 2 1 0 Principal ill 127 126 125 122 122 107 106 102 102 Interest 52 61 57 53 49 46 42 39 36 34 Bilateral creditors Disbursements 23 15 9 4 2 1 0 0 0 0 Principal 61 70 67 64 60 59 44 43 41 40 Interest 25 34 3 1 29 27 25 23 22 20 19 Multilateral creditors Disbursements 117 8 1 5 1 28 13 5 3 2 1 0 Principal 50 58 58 61 62 62 63 63 61 63 Interest 27 27 26 24 23 21 19 18 16 15 Private creditors Disbursements 0 0 0 0 0 0 0 0 0 0 Principal 9 5 0 0 0 0 0 0 0 0 Interest 1 0 0 0 0 0 0 0 0 0 Commercial banks Disbursements 0 0 0 0 0 0 0 0 0 0 Principal 0 0 0 0 0 0 0 0 0 0 Interest 0 0 0 0 0 0 0 0 0 0 Other private Disbursements 0 0 0 0 0 0 0 0 0 0 Pirincipal 9 5 0 0 0 0 0 0 0 0 Interest 1 0 0 0 0 0 0 0 0 0 270 GUINEA-BISSAU (US$ million, uinless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 1. SLUNMNARV DEBT DATA TOTAL DEBT STOCKS (EDT) .. 139.6 692.1 761.4 786.9 852.2 896.9 936.8 921.3 964.4 Long-term debt (LDOD) 0.0 133.1 630.4 692.3 712.5 761.4 796.6 856.2 838.4 873.1 Public and publicly guaranteed 0.0 133.1 630.4 692.3 712.5 761.4 796.6 856.2 838.4 873.1 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Use of IMF credit 0.0 1.4 5.3 5.2 4.7 4.6 5.9 7.7 12.2 15.4 Short-term debt .. 5.1 56.4 63.9 69.7 86.2 94.4 73.0 70.7 75.9 of which interest arrears on LDOD .. 1.1 29.9 56.1 65.0 79.2 88.4 61.5 62.7 71.8 Official creditors .. 1.1 27.5 50.7 60.5 73.9 82.4 61.4 62.7 71.8 Private creditors .. 0.0 2.4 5.4 4.5 5.2 6.1 0.0 0.0 0.1 Memo: principal arrears on LDOD .. 4.5 112.8 167.9 195.6 230.1 251.5 157.7 161.6 175.7 Official creditors .. 2.7 107.0 151.6 176.6 202.9 220.6 157.4 161.3 175.3 Private creditors .. 1.8 5.9 16.3 19.0 27.1 30.9 0.3 0.3 0.4 Memo: export credits .. 0.0 98.0 137.0 88.0 80.0 104.0 95.0 153.0 174.0 TOTAL DEBT FLOWS Disbursements 0.0 74.7 36.5 40.8 23.2 28.4 23.5 31.3 36.5 17.7 Long-term debt 0.0 74.7 36.5 40.8 23.2 28.4 21.1 28.3 30.3 14.5 IMF purchases 0.0 0.0 0.0 0.0 0.0 0.0 2.4 3.0 6.1 3.2 Principal repayments 0.0 3.0 2.3 3.4 1.4 3.5 9.3 6.7 6.1 3.0 Long-term debt 0.0 3.0 2.3 3.4 0.9 3.1 8.1 5.6 5.0 2.4 lIF repurchases 0.0 0.0 0.0 0.0 0.4 0.4 1.1 1.1 1.0 0.6 Net flows on debt 0.0 72.7 45.7 23.2 18.8 27.2 13.3 30.1 26.9 10.7 of which short-termndebt .. 1.0 11.5 -14.2 -3.1 2.3 -1.0 5.5 -3.5 -3.9 Interest payments (INT) .. 1.6 6.1 3.3 2.2 3.9 6.1 4.5 3.6 4.8 Long-term debt 0.0 1.1 3.4 2.9 2.0 3.6 5.7 4.0 3.0 4.4 IMF charges 0.0 0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.1 0.1 Short-term debt .. 0.5 2.7 0.4 0.2 0.3 0.4 0.5 0.5 0.3 Net transfers on debt .. 71.0 39.6 19.9 16.5 23.3 7.2 25.6 23.3 5.9 Total debt service paid (TDS) .. 4.6 8.4 6.6 3.6 7.4 15.4 11.2 9.7 7.9 Long-termn debt 0.0 4.1 5.7 6.2 2.9 6.7 13.8 9.6 8.1 6.8 vIMFrepurchases and charges 0.0 0.1 0.0 0.0 0.4 0.4 1.2 1.1 1.1 0.7 Short-termn debt (interest only) .. 0.5 2.7 0.4 0.2 0.3 0.4 0.5 0.5 0.3 2. AGGREGATE NET RESOURCE FLOWS AND NET TRANSFERS (LONG-TERMI I NET RESOURCE FLOWS 0.0 108.4 96.3 65.0 53.9 75.7 65.1 77.7 79.5 60.8 Net flow of long-termndebt (ex.IIMF) 0.0 71.7 34.2 37.4 22.3 25.3 13.0 22.7 25.3 12.0 Foreign direct investmnent (net) 0.0 0.0 2.0 0.0 0.0 1.0 1.0 1.0 2.0 0.5 Portfolio equity flows 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Grants (excluding technical coop.) 0.0 36.7 60.2 27.5 31.6 49.4 51.1 54.0 52.2 48.3 Memo: technical coop. grants 0.1 12.1 22.6 47.6 44.8 39.6 46.5 37.7 40.3 31.6 official net resource flows 0.0 90.6 94.4 65.0 53.9 74.8 64.3 76.8 77.5 60.3 private net resource flows 0.0 17.8 1.9 0.0 0.0 0.9 0.8 0.9 2.0 0.5 NET TRANSFERS 0.0 107.3 92.9 62.2 51.9 72.1 59.5 73.7 76.5 56.4 Interest on long-term debt 0.0 1.1 3.4 2.9 2.0 3.6 5.7 4.0 3.0 4.4 Profit remiittances on FDI 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: official net transfers 0.0 90.3 91.3 62.2 51.9 71.2 58.7 72.9 74.5 55.9 private net transfers 0.0 17.0 1.6 0.0 0.0 0.9 0.8 0.8 2.0 0.5 3. MIAJOR ECONOMIC AGGREGATES Gross national product (GNP) 78.7 104.8 233.3 212.8 221.6 221.5 236.0 251.9 254.3 191.5 Exports of goods &services (XGS) ... 27.1 18.0 25.7 38.8 29.6 30.6 58.9 30.8 of which workers remiittances ... 1.0 0.0 0.0 ... 2.0 2.0 Imports of goods &services (MGS) ... 110.5 138.9 103.9 107.2 110.3 104.7 102.9 73.4 Intemational reserves (RES) ... 18.2 17.8 14.2 18.4 20.3 11.5 Current account balance .... 45.3 -97.0 -62.0 -45.9 -35.2 -44.5 -6.4 4. DEBT INDICATORS EDT /XGS (%) ... 2,553.9 4,223.0 3,059.5 2,195.3 3,031.1 3,064.4 1,565.2 3,128.4 EDT /GNP (%) .. 133.3 296.6 357.8 355.1 384.7 380.1 371.9 362.3 503.7 TDSI/XGS (%) ... 31.0 36.6 14.0 19.1 52.0 36.6 16.5 25.6 INT /XGS (%) ... 22.5 18.3 8.6 10.1 20.6 14.7 6.1 15.6 INT /GNP(% . 1.5 2.6 1.6 1.0 1.8 2.6 1.8 1.4 2.5 RES /EDT ()... 2.6 2.3 1.8 2.2 2.3 1.2 . RES/MGS (months) ... 2.0 1.5 1.6 2.1 2.2 1.3 . Short-term /EDT (%) .. 3.7 8.2 8.4 8.9 10.1 10.5 7.8 7.7 7.9 Concessional /EDT (% . 62.0 56.7 57.6 60.4 62.6 62.9 72.1 72.2 72.2 Multilateral /EDT (%) .. 24.5 39.5 40.8 41.5 41.2 41.2 40.9 42.0 42.4 271 GUINEA-BISSAU (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 5. LONG-TERM DEBTI DEBT OUTSTANDING (LDOD) 0.0 133.1 630.4 692.3 712.5 761.4 796.6 856.2 838.4 873.1 Public and publicly guaranteed 0.0 133.1 630.4 692.3 712.5 761.4 796.6 856.2 838.4 873.1 Official creditors 0.0 96.9 597.4 662.5 687.6 733.5 765.1 855.4 837.6 872.3 Multilateral 0.0 34.2 273.3 310.8 326.2 351.2 369.6 382.7 386.9 408.9 Concessional 0.0 29.0 244.3 278.6 294.6 318.8 340.0 365.7 371.9 393.9 Bilateral 0.0 62.7 324.1 351.7 361.4 382.3 395.6 472.7 450.6 463.4 Concessional 0.0 57.6 148.2 160.3 180.7 215.0 223.8 309.6 293.6 302.6 Private creditors 0.0 36.2 32.9 29.8 24.9 27.9 31.5 0.8 0.8 0.8 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 2.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Other private 0.0 34.0 32.9 29.8 24.9 27.9 31.5 0.8 0.8 0.8 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 0.0 4.7 145.5 164.7 178.4 197.3 209.9 216.2 220.7 233.5 DISBURSEMENTS 0.0 74.7 36.5 40.8 23.2 28.4 21.1 28.3 30.3 14.5 Public and publicly guaranteed 0.0 74.7 36.5 40.8 23.2 28.4 21.1 28.3 30.3 14.5 Official creditors 0.0 54.1 36.5 40.8 23.2 28.4 21.1 28.3 30.3 14.5 Multilateral 0.0 29.5 30.3 23.4 16.8 12.2 18.8 28.3 30.3 14.5 Concessional 0.0 24.3 30.3 22.8 16.8 11.9 18.5 27.7 30.3 14.5 Bilateral 0.0 24.7 6.2 17.4 6.4 16.2 2.3 0.0 0.0 0.0 Concessional 0.0 24.2 6.2 17.1 6.4 13.9 2.3 0.0 0.0 0.0 Private creditors 0.0 20.5 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commrercial banks 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Other private 0.0 20.5 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 0.0 4.2 15.5 10.7 13.6 11.1 8.8 14.1 17.7 5.3 PRINCIPAL REPAYMENTS 0.0 3.0 2.3 3.4 0.9 3.1 8.1 5.6 5.0 2.4 Public and publicly guaranteed 0.0 3.0 2.3 3.4 0.9 3.1 8.1 5.6 5.0 2.4 Official creditors 0.0 0.2 2.3 3.3 0.9 3.0 8.0 5.5 5.0 2.4 Multilateral 0.0 0.0 1.5 2.6 0.7 1.8 7.8 4.1 3.5 2.4 Concessional 0.0 0.0 0.6 0.6 0.7 1.0 4.0 2.5 2.9 1.6 Bilateral 0.0 0.2 0.8 0.7 0.2 1.2 0.2 1.4 1.6 0.0 Concessional 0.0 0.0 0.3 0.5 0.2 1.2 0.2 0.2 1.6 0.0 Private creditors 0.0 2.8 0.1 0.0 0.0 0.1 0.2 0.1 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Comimercial banks 0.0 0.4 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Other private 0.0 2.4 0.1 0.0 0.0 0.1 0.2 0.1 0.0 0.0 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 0.0 0.0 0.1 0.1 0.4 0.6 0.9 0.8 1.3 0.5 NET FLOWS ON DEBT 0.0 71.7 34.2 37.4 22.3 25.3 13.0 22.7 25.3 12.0 Public and publicly guaranteed 0.0 71.7 34.2 37.4 22.3 25.3 13.0 22.7 25.3 12.0 Official creditors 0.0 53.9 34.2 37.5 22.3 25.4 13.2 22.8 25.3 12.0 Multilateral 0.0 29.5 28.8 20.8 16.1 10.4 11.0 24.1 26.9 12.0 Concessional 0.0 24.3 29.7 22.2 16.1 10.9 14.6 25.2 27.4 12.8 Bilateral 0.0 24.5 5.4 16.7 6.2 14.9 2.2 -1.4 -1.6 0.0 Concessional 0.0 24.2 5.9 16.7 6.2 12.7 2.2 -0.2 -1.6 0.0 Private creditors 0.0 17.8 -0.1I 0.0 0.0 -0. 1 -0.2 -0. 1 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 -0.4 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Other private 0.0 18.1 -0.1I 0.0 0.0 -0. 1 -0.2 -0. 1 0.0 0.0 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commnercial banks 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 0.0 4.2 15.4 10.6 13.1 10.4 7.9 13.3 16.4 4.8 272 ~~~~~~~~~GUINEA-BISSAU (US mllon unes ohewis idiatd) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 INTEREST PAYMENTS (LINT) 0.0 1.1 3.4 2.9 2.0 3.6 5.7 4.0 3.0 4.4 Public and publicly guaranteed 0.0 1.1 3.4 2.9 2.0 3.6 5.7 4.0 3.0 4.4 Official creditors 0.0 0.3 3.1 2.8 2.0 3.6 5.6 3.9 3.0 4.4 Multilateral 0.0 0.0 2.6 2.6 1.8 2.9 4.4 2.8 2.9 1.9 Concessional ~~~~ ~~~0.0 0.0 1.8 1.2 1.7 1.6 3.0 2.2 2.7 1.5 Bilateral na 0.0 0.2 0.5 0.2 0.2 0.7 1.2 1.1 0.1 2.5 Concessional 0.0 0.2 0.3 0.1 0.2 0.7 0.3 1.1 0.25 Private creditors 0.0 0.8 0.3 0.0 0.0 0.0 0.0 0.1 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Conmmercial banks 0.0 0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Other private 0.0 0.7 0.3 0.0 0.0 0.0 0.0 0.1 0.0 0.0 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: . IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.00. IDA 0.0 0.0 1.1 1.0 1.4 1.4 1.6 1.4 1.8 0.8 NET TRANSFERS ON DEBT 0.0 70.6 30.8 34.6 20.3 21.7 7.3 18.7 22.2 7.6 Public and publicly guaranteed 0.0 70.6 30.8 34.6 20.3 21.7 7.3 18.7 22.2 7.6 Official creditors 0.0 53.7 31.1 34.6 20.3 21.7 7.5 18.9 22.2 7.6 Multilateral 0.0 29.4 26.2 18.2 14.4 7.5 6.6 21.3 23.9 10.1 Concessional 0.0 24.3 28.0 21.0 14.4 9.3 11.6 22.9 24.7 11.3 Bilateral 0.0 24.2 4.9 16.4 5.9 14.2 0.9 -2.5 -1.7 -2.5 Concessional 0.0 24.0 5.7 16.6 6.0 12.0 1.9 -1.3 -1.7 -2.5 Private creditors 0.0 16.9 -0.3 -0.1I 0.0 -0. 1 -0.2 -0.2 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 -0.5 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Other private 0.0 17.4 -0.3 -0.1I 0.0 -0. 1 -0.2 -0.2 0.0 0.0 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commnercial banks 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: . IiBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.00. EDA 0.0 4.2 14.2 9.6 11.7 9.1 6.3 11.9 14.6 4.0 DEBT SERVICE (LTDS) 0.0 4.1 5.7 6.2 2.9 6.7 13.8 9.6 8.1 6.8 Public and publicly guaranteed 0.0 4.1 5.7 6.2 2.9 6.7 13.8 9.6 8.1 6.8 Official creditors 0.0 0.5 5.4 6.2 2.9 6.6 13.6 9.4 8.1 6.8 Multilateral 0.0 0.0 4.0 5.2 2.5 4.7 12.2 6.9 6.4 4.3 Concessional 0.0 0.0 2.3 1.8 2.4 2.6 6.9 4.7 5.6 3.1 Bilateral 0.0 0.4 1.4 0.9 0.5 2.0 1.4 2.5 1.7 2.5 Concessional 0.0 0.2 0.5 0.5 0.4 1.9 0.4 1.3 1.7 2.5 Private creditors 0.0 3.6 0.3 0.1 0.0 0.1 0.2 0.2 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commnercial banks 0.0 0.5 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Other private 0.0 3.1 0.3 0.1 0.0 0.1 0.2 0.2 0.0 0.0 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: . IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.00. IDA 0.0 0.0 1.2 1.1 1.8 2.0 2.5 2.2 3.1 1.4 UNDISBURSED DEBT 0.0 72.6 271.9 190.4 178.7 157.1 134.6 91.4 85.2 77.8 Official creditors 0.0 66.6 263.6 190.4 178.7 157.1 134.6 91.4 85.2 77.8 Private creditors 0.0 6.0 8.3 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Conessornaum itDmD 0.0 86.6 392.6 438.9 475.3 533.8 563.8 675.3 665.5 696.5 Variable rate LDOD 0.0 2.1 36.9 33.7 42.4 458.4 47175.31.715. Public sector LDOD 0.0 133.1 630.4 692.3 712.5 761.4 796.6 856.2 83. 871 Private sector LDOD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 6. CURRENCI COMPOSITION OF LONG-TrERM% DEBT IPERCENTI Deutsche mark 0.0 0.0 0.5 0.4 0.4 0.4 0.4 0.4 0.3 0.3 French franc 0.0 14.8 1.8 1.6 1.4 1.2 1.3 1.1 1.0 1.0 Japanese yen 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Pound sterling 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Swiss franc 0.0 2.8 8.6 7.0 6.9 7.3 6.6 12.7 12.2 12.3 U.S.dollars 0.0 25.0 27.3 32.8 35.4 36.4 38.1 30.1 31.9 31.2 Multiple currency 0.0 2.8 26.4 27.1 26.5 26.0 25.6 24.0 24.1 25.0 Special drawing rights 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 All other currencies 0.0 54.6 35.4 31.1 29.4 28.7 28.0 31.7 30.5 30.2 273 GUINEA-BISSAU (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 7. DEB r RESTRUICTI FRINGS Total amount rescheduled ... 16.1 1.1 16.1 23.4 13.7 228.0 3.0 1.1 Debt stock rescheduled ... 0.0 0.0 0.9 0.0 0.0 16.3 0.0 0.0 Principal rescheduled ... 8.2 0.6 9.0 21.5 0.0 112.9 0.4 0.3 Official ... 3.8 0.6 4.2 21.5 0.0 84.4 0.4 0.3 Private ... 4.4 0.0 4.8 0.0 0.0 28.5 0.0 0.0 Interest rescheduled ... 6.8 0.1 2.7 0.1 0.0 43.3 0.1 0.1 Official ... 3.7 0.1 1.2 0.1 0.0 37.6 0.1 0.1 Private ... 3.1 0.0 1.5 0.0 0.0 5.6 0.0 0.0 Debt forgiven ... 4.6 0.0 0.0 1.7 11.0 3.4 0.0 0.0 Memo: interest forgiven ... 0.6 0.0 0.0 8.6 3.7 2.5 0.0 0.0 Debt stock reduction ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 of which debt buyback ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 S. DEBT STOCK-F`LOWV RECONCILLA11ON Total change in debt stocks ... 98.9 16.2 25.6 65.2 44.8 39.8 -15.5 43.1 Net flows on debt 0.0 72.7 45.7 23.2 18.8 27.2 13.3 30.1 26.9 10.7 Net change in interestarrears ... 6.6 14.7 8.9 14.2 9.2 -27.0 1.3 9.1 Interest capitalized ... 6.8 0.1 2.7 0.1 0.0 43.3 0.1 0.1 Debt forgiveness or reduction ... -4.6 0.0 0.0 -1.7 -11.0 -3.4 0.0 0.0 Cross-currency valuation . . 30.8 -10.3 -7.4 11.9 12.1 -21.9 -22.0 13.6 Residual ... 13.8 -11.5 2.6 13.5 21.2 18.7 -21.7 9.6 9. A%VERA,GE TERMIS OF NEWV COM.MrITMENTS ALL CREDITORS Interest (%) 0.0 2.8 2.2 1.4 0.8 5.1 0.7 2.5 0.7 0.7 Maturity (years) 0.0 17.5 28.1 36.4 33.2 2.9 39.8 25.4 47.9 39.4 Grace period (years) 0.0 3.9 10.4 8.7 8.7 0.4 10.3 5.9 10.7 9.9 Grant element (%) 0.0 39.5 61.8 73.0 72.1 7.0 80.7 55.0 83.7 80.2 Official creditors Interest (%) 0.0 2.7 2.2 1.4 0.8 5.1 0.7 2.5 0.7 0.7 Maturity (years) 0.0 17.9 28.1 36.4 33.2 2.9 39.8 25.4 47.9 39.4 Grace period (years) 0.0 3.9 10.4 8.7 8.7 0.4 10.3 5.9 10.7 9.9 Grant element (%) 0.0 40.5 61.8 73.0 72.1 7.0 80.7 55.0 83.7 80.2 Private creditors Interest (%) 0.0 7.4 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Maturity (years) 0.0 3.8 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Grace period (years) 0.0 1.2 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Grant element (%) 0.0 5.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memorandum items Commitments 0.0 43.6 97.9 11.3 11.8 2.3 22.0 1.1 39.8 11.7 Official creditors 0.0 42.3 97.9 11.3 11.8 2.3 22.0 1.1 39.8 11.7 Private creditors 0.0 1.3 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 10. CONTR.ACTlJAL OBLIGATIONS ON OLITSTANDING LONG-TERNI DEBT 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 TOTAIL Disbursements 12.6 18.6 13.4 10.7 8.3 5.8 4.0 0.5 0.0 0.0 Principal 30.8 31.2 31.9 34.2 35.2 36.8 29.1 21.3 20.2 20.5 Interest 13.7 12.9 12.1 11.0 10.0 8.8 7.6 6.9 6.5 6.1 Official creditors Disbursements 12.6 18.6 13.4 10.7 8.3 5.8 4.0 0.5 0.0 0.0 Principal 30.7 31.1 31.8 34.1 35.2 36.8 29.1 21.3 20.2 20.5 Interest 13.6 12.8 12.1 11.0 10.0 8.8 7.6 6.9 6.5 6.1 Bilateral creditors Disbursements 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal 21.2 19.4 19.1 23.1 24.3 25.5 18.4 10.2 8.5 8.0 Interest 10.0 9.3 8.6 7.8 6.8 5.7 4.6 4.0 3.6 3.3 Multilateral creditors Disbursements 12.6 18.6 13.4 10.7 8.3 5.8 4.0 0.5 0.0 0.0 Principal 9.4 11.6 12.7 11.1 10.9 11.3 10.7 11.1 11.7 12.5 Interest 3.6 3.5 3.4 3.2 3.2 3.1 3.0 2.9 2.8 2.7 Private creditors Disbursements 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal 0.1 0.1 0.1 0.1 0.0 0.0 0.0 0.0 0.0 0.0 Interest 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks Disbursements 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Interest 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Other private Disbursements 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal 0.1 0.1 0.1 0.1 0.0 0.0 0.0 0.0 0.0 0.0 Interest 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 274 GUYANA (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 1. SU[M.IAR% DEBT DATA TOTAL DEBT STOCKS (EDT) 811 1,945 1,897 1,954 2,038 2,105 1,631 1,611 1,653 Long-term debt (LDOD) 83 607 1,757 1,673 1,732 1,787 1,782 1,370 1,345 1,369 Public and publicly guaranteed 83 607 1,757 1,673 1,732 1,787 1,782 1,370 1,345 1,369 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Use of IMF credit 0 86 113 168 177 179 172 168 157 154 Short-term debt 118 75 56 46 72 151 92 108 129 of which interest arrears on LDOD 8 63 52 37 63 135 75 92 83 official creditors 5 40 40 23 49 115 55 71 69 Private creditors 3 23 12 14 14 19 20 22 14 Memo: principal arrears on LDOD .. 37 169 76 79 85 99 97 89 82 Official creditors 34 89 64 66 70 85 82 76 70 Private creditors 3 80 12 13 15 14 16 13 12 Memo: export credits 0 257 237 248 204 189 138 211 110 TOTAL DEBT FLOWS Disbursements 14 169 264 84 81 47 59 109 90 70 Long-termndebt 14 115 160 59 69 34 45 83 65 57 IMFpurchases 0 55 104 25 12 13 14 26 25 12 Principal repayments 2 58 175 53 51 61 74 73 78 73 Long-term debt 2 43 69 53 47 39 5 1 49 52 52 IMF repurchases 0 1 6 107 0 3 22 24 24 26 22 Net flows on debt 12 155 256 33 36 -14 -8 38 11 27 of which short-terindebt 44 167 2 5 0 7 1 -1 3 1 interest payments (INT) 31 120 49 42 37 35 32 56 63 Long-term debt 3 27 73 43 36 32 3 1 29 54 60 RAF charges 0 4 40 6 5 4 3 2 1 1 Short-term debt 1 7 0 0 1 1 1 12 Net transfers on debt .. 124 135 -16 -6 -51 -43 6 -45 -36 Total debt service paid (TDS) .. 89 295 102 92 97 109 105 133 136 Long-term debt 6 69 142 96 83 7 1 82 78 106 112 IMF repurchases and charges 0 1 9 146 6 9 26 27 25 27 22 Short-term debt (interest only) 1 7 0 0 1 1 1 1 2 2. AGGREGATE NET RESOU.RCE FLO%%S AND NET TRANSIFERS (LONG-TER II NET RESOURCE FLOWS 22 77 165 195 152 134 90 152 298 205 Net flow of long-term debt (ex. IMF) 12 72 9 1 6 22 -5 -5 35 1 3 6 Foreign direct investment (net) 9 1 0 147 70 107 74 8 1 90 95 Portfolio equity flows 0 0 0 0 0 0 0 0 00 Grants (excluding technical coop.) 2 4 74 42 6 1 32 2 1 36 196 105 Memo: technical coop. grants 3 8 9 1 1 1 0 1 2 1 6 17 14 7 official net resource flows 14 70 181 67 90 3 1 26 70 214 114 private net resource flows 8 6 -16 128 62 103 64 83 85 9 1 NET TRANSFERS 5 50 92 151 116 102 59 123 245 145 Interest on long-termn debt 3 27 73 43 36 32 3 1 29 54 60 Profit remittances on FDI 14 0 0 0 0 0 0 0 0 0 Memo: official net transfers 12 59 117 25 55 2 -4 43 161 56 private net transfers -7 -9 -26 126 61 100 63 80 84 89 3. MAJOR ECONONIIC AGGREGATES Gross national product (GNP) 247 561 275 261 366 460 545 648 675 665 Exports of goods & services (XGS) .. 411 .. 492 536 593 641 723 751 700 of which workers remiittances ..0...... imports of goods & services (MGS) .. 538 .. 684 739 780 838 885 959 899 Intemational reserves (RES) 20 13 29 188 247 247 269 330 316 277 Current account balance .. -129 .. -139 -140 -125 -135 4. DEBT INDICATORS EDT /XGS(% . 197.4 .. 385.1 364.7 343.8 328.2 225.7 214.3 236.3 EDT /GNP(% . 144.4 7 07.'1 725.9 533.2 443.1 385.9 251.7 238.5 248.6 TDSI/XGS(% . 21.6 .. 20.7 17.2 16.4 17.0 14.5 17.7 19.5 INT /XGS(% . 7.5 .. 10.0 7.7 6.2 5.4 4.4 7.4 9.0 INT /GNP(% . 5.5 43.7 18.8 11.3 7.9 6.4 4.9 8.3 9.5 RES /EDT(% . 1.6 1.5 9.9 12.7 12.1 12.8 20.2 19.6 16.7 RES / MGS (months) .. 0.3 .. 3.3 4.0 3.8 3.9 4.5 4.0 3.7 Short-termn/ EDT (% . 14.6 3.9 2.9 2.4 3.6 7.2 5.7 6.7 57.8 Concessional /EDT (% . 28.3 57.6 59.3 61.3 62.1 61.4 55.0 56.5 5. Multilateral /EDT (%) .. 13.9 24.0 28.3 29.4 29.9 30.4 41.0 41.3 42.3 275 GUYANA (US$ million, unless otherwise indicated) 1970 1980 -1990 1992 1993 1994 1995 1996 1997 1998 5. LONG-TERNI DEBT DEBT OUTSTANDING (LDOD) 83 607 1,757 1,673 1,732 1,787 1,782 1,370 1,345 1,369 Public and publicly guaranteed 83 607 1,757 1,673 1,732 1,787 1,782 1,370 1,345 1,369 Official creditors 66 379 1,610 1,594 1,661 1,716 1,720 1,308 1,289 1,317 Multilateral 1 112 468 536 574 609 639 669 666 700 Concessional 0 69 291 371 418 457 498 554 574 620 Bilateral 66 267 1,142 1,058 1,086 1,107 1,081 639 623 617 Concessional 40 160 831 753 780 809 794 342 335 333 Private creditors 17 228 148 79 71 71 62 63 56 52 Bonds 17 15 0 0 0 0 0 0 0 0 Commercial banks 0 100 80 12 13 15 13 19 14 12 Other private 0 113 68 66 58 57 49 44 42 41 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 0 0 Memo: IBRD 0 36 59 46 41 39 35 27 19 16 IDA 0 18 93 134 163 182 203 212 218 235 DISBURSEMENTS 14 115 160 59 69 34 45 83 65 57 Public and publicly guaranteed 14 115 160 59 69 34 45 83 65 57 Official creditors 14 84 153 58 69 34 45 74 65 57 Multilateral 1 35 123 42 62 33 41 73 53 50 Concessional 0 29 109 39 56 33 41 73 53 50 Bilateral 13 50 3 1 16 7 1 4 1 12 8 Concessional 6 21 19 13 1 0 3 1 12 8 Private creditors 0 3 1 6 1 0 0 0 1 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 21 0 0 0 0 0 9 0 0 Other private 0 9 6 1 0 0 0 1 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commnercial banks 0 0 0 0 0 0 0 0 0 0 Memo: IBRD 0 2 0 0 0 0 0 0 0 0 IDA 0 2 54 4 30 12 18 16 18 9 PRINCIPAL REPAYMENTS 2 43 69 53 47 39 51 49 52 52 Public and publicly guaranteed 2 43 69 53 47 39 51 49 52 52 Official creditors 1 18 46 34 40 35 40 41 47 48 Multilateral 0 1 42 20 23 22 24 23 28 32 Concessional 0 0 6 8 6 6 6 7 13 17 Bilateral 1 17 4 14 17 13 16 18 19 16 Concessional 1 9 0 0 6 3 5 10 14 1 1 Private creditors 1 25 22 19 7 4 10 8 5 4 Bonds 0 0 1 0 0 0 0 0 0 0 Comimercial banks 1 1 1 8 10 0 0 2 3 4 3 Other private 0 14 14 9 7 4 8 5 2 1 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 0 0 Memo: IBRD 0 1 3 1 7 6 5 6 5 5 5 IDA 0 0 0 0 1 1 1 1 1 1 NET FLOWS ON DEBT 12 72 91 6 22 -5 -5 35 13 6 Public and publicly guaranteed 12 72 91 6 22 -5 -5 35 13 6 Official creditors 1 3 66 107 25 29 -1 5 33 1 8 10 Multilateral 1 34 80 22 39 1 1 17 50 25 1 8 Concessional 0 29 103 3 1 50 27 34 67 40 33 Bilateral 12 33 27 2 -10 -12 -12 -17 -7 -8 Concessional 5 12 19 13 -6 -3 -2 -9 -2 -3 Private creditors -1 6 -16 -19 -7 -4 -10 2 -5 -4 Bonds 0 0 -1 0 0 0 0 0 0 0 Commercial banks -1 10 -8 -10 0 0 -2 6 -4 -3 Other private 0 -4 -8 -9 -7 -4 -8 -5 -2 -1 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Comnmercial banks 0 0 0 0 0 0 0 0 0 0 Memo: IBRD 0 1 -31 -7 -6 -5 -6 -5 -5 -5 IDA 0 2 54 4 29 12 17 16 17 9 276 GUYANA (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 INTEREST PAYMENTS (LINT) 3 27 73 43 36 32 31 29 54 60 Public and publicly guaranteed 3 27 73 43 36 32 31 29 54 60 Official creditors 3 11 64 42 35 29 30 27 53 59 Multilateral 0 4 58 19 19 18 18 16 17 23 Concessional 0 1 8 6 6 6 6 6 9 17 Bilateral 3 7 6 23 17 11 12 11 36 36 Concessional 1 4 3 14 12 8 8 9 13 19 Private creditors 1 1 5 9 2 1 3 2 3 1 2 Bonds 1 1 0 0 0 0 0 0 0 0 Commercial banks 0 9 5 0 0 0 1 1 1 1 Other private 0 5 4 2 1 3 1 2 0 1 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Comimercial banks 0 0 0 0 0 0 0 0 0 0 Memo: IBRD 0 3 31 4 4 3 3 3 2 1 IDA 0 0 0 1 1 1 1 2 2 2 NET TRANSFERS ON DEBT 8 45 18 -37 -14 -37 -37 5 -41 -55 Public and publicly guaranteed 8 45 18 -37 -14 -37 -37 5 -41 -55 Official creditors 10 55 43 -17 -6 -30 -25 6 -35 -49 Multilateral 1 30 23 3 20 -7 -1 34 9 -5 Concessional 0 28 95 26 44 21 28 60 31 17 Bilateral 9 25 20 -20 -26 -23 -24 -28 -43 -44 Concessional 4 8 17 -2 -18 -11 -11 -18 -14 -22 Private creditors -2 -9 -26 -20 -8 -7 -12 -1 -6 -6 Bonds -1 -1 -1 0 0 0 0 0 0 0 Commercial banks -1 1 -12 -10 0 0 -3 5 -4-3 Other private 0 -10 -12 -10 -8 -7 -9 -6 -2 -2 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Comtnercial banks 0 0 0 0 0 0 0 0 0 0 Memo: IBRD 0 -2 -62 -11 -10 -9 -9 -8 -7 -6 IDA 0 2 54 3 28 11 16 14 16 7 DEBT SERVICE (LTDS) 6 69 142 96 83 71 82 78 106 112 Public and publicly guaranteed 6 69 142 96 83 71 82 78 106 112 Official creditors 4 29 110 75 75 64 70 68 100 106 Multilateral 0 5 100 39 42 40 42 39 44 55 Concessional 0 1 14 13 12 12 13 13 21 33 Bilateral 4 24 11 36 34 24 28 29 56 52 Concessional 2 13 3 14 19 1 1 14 18 26 30 Private creditors 2 40 32 21 8 7 12 11 6 6 Bonds 1 1 1 0 0 0 0 0 0 0 Commercial banks 1 20 12 10 0 0 3 4 4 3 Other private 0 19 18 11 8 7 9 7 2 2 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 0 0 Memo: IBRD 0 4 62 11 10 9 9 8 7 6 IDA 0 0 1 1 2 2 2 2 2 2 UNDISBURSED DEBT 53 223 272 232 242 274 255 272 269 277 Official creditors 53 207 268 232 242 274 246 272 269 277 Private creditors 0 16 4 0 0 0 9 0 0 0 Memorandum items Concessional LDOD 40 230 1,121 1,124 1,198 1,266 1,292 896 909 953 Variable rate LDOD 0 124 235 177 181 215 195 75 70 69 Public sector LDOD 83 607 1,757 1,673 1,732 1,787 1,782 1,370 1,345 1,369 Private sector LDOD 0 0 0 0 0 0 0 0 0 0 6. CURRENCY COMTPOSITION OF LONG-TERNI DEBT (PERCENTI Deutsche mark 0.0 0.9 2.2 2.5 2.3 2.6 2.5 1.9 1.5 1.4 French franc 0.0 0.1 0.0 0.1 0.1 0.1 0.1 0.1 0.0 0.1 Japanese yen 0.0 0.0 0.3 0.2 0.2 0.2 0.2 0.2 0.1 0.0 Pound sterling 68.9 21.7 10.5 9.4 9.1 9.7 9.3 9.2 9.0 8.9 Swiss franc 0.0 0.0 0.1 0.1 0.1 0.1 0.1 0.0 0.0 0.0 U.S.dollars 24.7 58.3 67.7 65.0 65.6 64.5 64.5 59.5 61.5 62.6 Multiple currency 0.4 10.1 14.9 16.3 16.1 16.1 16.2 22.1 21.1 20.4 Special drawinig rights 0.0 0.0 0.1 0.2 0.2 0.2 0.2 0.3 0.3 0.3 All other currencies 6.0 8.9 4.2 6.2 6.3 6.5 6.9 6.7 6.5 6.3 277 GUYANA (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 7. DEBr RESTRLICTURINGS Total amount rescheduled ..474 41 53 49 1 277 0 0 Debt stock rescheduled ..320 1 0 0 0 0 0 0 Principal rescheduled ..89 16 1 14 1 239 0 0 Official ..89 7 1 14 0 239 0 0 Private ..0 9 0 0 0 0 0 0 Interest rescheduled .. 3 8 1 6 5 1 1 6 0 38 0 0 Official ..38 1 6 5 1 1 6 0 38 0 0 Private . 0 0 0 0 0 0 0 0 Debt forgiven 3 1 24 7 1 1 0 459 2 0 Memo: interest forgiven 1 0 2 3 0 4 0 0 Debt stock reduction 0 76 0 0 0 0 0 0 of which debt buyback 0 1 0 0 0 0 0 0 0 8. DEBT STOCK-FLOW RECONCILLA niON Total change in debt stocks ... 313 -63 58 84 67 -474 -20 42 Net flows on debt 12 155 256 33 36 -14 -8 38 1 1 27 Net change in interest arrears ... -37 3 -15 26 7 1 -60 1 8 -10 Interest capitalized ... 38 1 6 5 1 16 0 3 8 0 0 Debt forgiveness or reduction ... -31 -90 -7 -11 0 -459 -2 0 Cross-currency valuation ... 47 -45 -13 24 9 1 -18 6 Residual ... 41 19 5 42 -5 -31 -29 19 9. AVERAGE TERMTS OF NEW CONMUTMENTS ALL CREDITORS Interest (%) 6.0 10.5 1.3 1.7 1.5 1.6 3.0 1.6 1.6 1.4 Maturity (years) 25.3 8.1 39.7 37.4 34.3 39.7 37.1 37.3 39.0 38.8 Grace period (years) 9.7 2.4 9.9 9.9 9.8 10.5 9.9 10.0 9.9 10.4 Grant element (%) 32.4 2.9 74.9 70.5 71.0 73.0 60.5 70.8 72.7 74.1 Official creditors Interest (%) 6.0 9.2 1.3 1.7 1.5 1.6 1.5 1.6 1.6 1.4 Maturity (years) 25.3 9.5 39.7 37.6 34.3 39.7 38.7 37.5 39.0 38.8 Grace period (years) 9.7 3.2 9.9 9.9 9.8 10.5 10.4 10.1 9.9 10.4 Grant element (%) 32.4 11.2 74.9 71.0 71.0 73.0 73.3 71.2 72.7 74.1 Private creditors Interest (%) 0.0 12.3 0.0 8.0 0.0 0.0 8.8 7.4 0.0 0.0 Maturity (years) 0.0 6.2 0.0 13.9 0.0 0.0 31.0 3.8 0.0 0.0 Grace period (years) 0.0 1.3 0.0 13.9 0.0 0.0 8.0 0.3 0.0 0.0 Grant element (%) 0.0 -8.9 0.0 14.7 0.0 0.0 9.6 3.9 0.0 0.0 Memorandum items Commnitmnents 20 96 281 83 98 64 45 106 83 55 Official creditors 20 56 281 82 98 64 36 105 83 55 Private creditors 0 39 0 1 0 0 9 1 0 0 10. CONTRACTUAL OBLIGATIONS ON OUTSTANDING LONG-TERMI DEBT 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 TOTAL Disbursements 95 67 49 33 16 9 5 1 1 0 Principal 37 52 54 55 61 62 63 82 59 57 Interest 45 45 44 42 40 38 36 33 31 29 Official creditors Disbursements 95 67 49 33 16 9 5 1 1 0 Principal 35 50 54 55 60 61 62 55 58 56 Interest 43 42 42 40 38 36 34 32 3 1 29 Bilateral creditors Disbursements 1 1 1 0 0 0 0 0 0 0 Principal 1 8 30 28 29 32 33 33 26 27 27 Interest 30 29 27 26 25 23 22 20 19 1 8 Multilateral creditors Disbursements 94 66 49 33 16 9 5 1 1 0 Principal 17 20 27 26 28 29 28 29 3 1 29 Interest 13 14 14 14 13 13 12 12 12 1 1 Private creditors Disbursements 0 0 0 0 0 0 0 0 0 0 Principal 2 2 0 0 1 1 1 27 0 0 Interest 2 2 2 2 2 2 2 1 1 1 Commnercial banks Disbursements 0 0 0 0 0 0 0 0 0 0 Principal 1 1 0 0 0 0 0 0 0 0 Interest 1 1 1 1 1 1 1 1 1 1 Other private Disbursemenits 0 0 0 0 0 0 0 0 0 0 Principal 0 0 0 0 0 0 0 26 0 0 Interest 1 I 1 1 1 1 1 0 0 0 278 HAITI (US mllon unes ohewis idiatd) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 I. SU MM ARY DEBT DATA TOTAL DEBT STOCKS (EDT) 302 889 785 803 717 806 897 1,047 1,048 Long-term debt (LDOD) 40 242 751 638 648 635 751 836 897 980 Public and publicly guaranteed 40 242 751 638 648 635 751 836 897 980 Private nonguaranteed 0 0 0 0 0 0 0 000 Use of IMF credit 3 46 38 35 34 35 29 25 43 38 Short-term debt 14 101 112 121 47 26 36 107 30 of which interest arrears on LDOD 0 24 2 1 30 34 1 1 1 1 Official creditors 0 14 9 15 18 1 1 1 1 Private creditors 0 10 12 1 5 1 6 0 0 0 0 Memo: principal arrears on LDOD 0 43 59 104 121 1 2 2 2 Official creditors 0 14 1 8 37 55 1 2 2 2 Private creditors 0 29 4 1 67 67 0 0 0 0 Memo: export credits 0 117 83 69 79 86 100 10511 TOTAL DEBT FLOWS77 4 00 Disbursements 4 744100 128 107 119 94 Long-termn debt 4 47 38 1 0 0 104 107 98 94 IMF purchases 0 30 5 0 0 0 25 0 2 1 0 Principal repayments 3 18 18 0 0 1 62 14 16 20 Long-term debt 3 1 5 6 0 0 1 30 1 1 1 5 14 IMF repurchases 0 3 1 2 0 0 0 32 3 1 5 Net flowson debt 1 53 42 0 0 -79 79 103 174 -3 of whichshort-term debt -5 16 0 0 -78 13 10 71 -77 Interest payments (INT) 8 15 5 5 1 32 13 18 20 Long-termndebt 0 5 6 0 0 0 25 10 14 1 5 vIF charges 0 1 3 0 0 0 6111 Short-termndebt ..2 7 5 5 1 2243 Net transfers on debt .. 46 27 -5 -5 -79 47 90 156 -22 Total debt service paid (TDS) .. 26 33 5 5 1 94 27 35 39 Long-term debt 4 20 12 1 0 1 55 21 29 29 IMF repurchases and charges 0 4 15 0 0 0 38 4 2 7 Short-term debt (interest only) ..2 7 5 5 1 2 243 2. AGGREGATE NET RESOURCE FLO%%-S AND NET TRANSFERS (LONG-TERNIM NET RESOURCE FLOWS 6 75 105 58 69 597 593 254 219 225 Net flow of long-termn debt (ex. IMF) 1 32 33 0 0 -l 73 96 83 80 Foreign direct investment (net) 3 13 8 -2 -3 0 7 4 4 1 1 Portfolio equity flows 0 0 0 0 0 0 0000 Grants (excluding technical coop.) 2 30 65 60 72 598 512 154 132 134 Memo: technical coop. grants 4 32 7 40 5 1 58 112 93 109 96 official net resource flows 2 55 97 60 72 597 586 250 215 214 private net resource flows 5 20 8 -2 -3 0 7 4 4 1 1 NET TRANSFERS 3 59 91 50 62 592 562 239 202 205 Interest on long-term debt 0 5 6 0 0 0 25 10 14 15 Profit rernittances on FDI 3 1 1 8 8 7 5 6545 Memo: official net transfers 1 52 92 60 72 597 561 240 202 199 private net transfers 1 7 0 -10 -10 -5 1 -1 0 6 3. NMAJOR ECONOMIIC AGGREGATES Gross national product (GNP) 391 1,446 2,954 2,137 1,820 1,955 2,625 2,945 2,613 3,6bS Exports of goods &services (XGS) .. 415 325 113 118 67 192 192 379 479 of which workers remiittances .. 106 0 0 0 0 . imports of goods & services (MGS) .. 498 540 261 303 247 832 792 905 1,033 Intemnational reserves (RES) 4 27 10 ...38 113 115 83 Current account balance .. -101 -22 7 -12 -23 -87 -138 -48 -38 4. DEBT INDICATORS EDT/XGS(% . 72.8 273.6 695.4 680.1 1,070.2 419.1 468.1 276.2 21S.6 EDT/GNP(% . 20.9 30.1 36.7 44.1 36.7 30.7 30.5 37.2 27.2 TDS/XGS(% . 6.2 10.1 4.8 4.2 1.9 48.8 13.9 9.2 8.2 INT/XGS (% . 1.8 4.6 4.3 3.8 1.2 16.5 6.8 4.9 4.1 IINT GNP(% . 0.5 0.5 0.2 0.3 0.0 1.2 0.4 0.7 0.5 RES /EDT (% . 8.8 1.1 ... 5.3 14.0 12.8 7.9 RES /MGS (months) .. ~~~~ ~~~0.6 0.2 ... 1.9 1.6 1.7 1.1 Short-term /EDT (%) .. 4.6 11.3 14.3 15.1 6.6 3.3 4.0 10.22. Concessional /EDT(% . 70.7 78.6 75.0 72.0 78.9 93.0 93.1 85.6 93.4 Multilateral /EDT (%) .. 43.8 55.0 66.5 64.2 73.0 75.7 77.0 71.5 79.3 279 HAITI (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 5. LONG-TERMI DEBT DEBT OUTSTANDING (LDOD) 40 242 751 638 648 635 751 836 897 980 Public and publicly guaranteed 40 242 751 638 648 635 751 836 897 980 Official creditors 29 219 704 591 581 568 751 836 897 980 Multilateral 0 132 489 522 515 524 610 691 749 830 Concessional 0 132 489 522 515 524 610 691 749 830 Bilateral 29 86 215 69 66 44 141 145 149 149 Concessional 29 81 210 67 63 42 139 144 147 148 Private crechtors 11 24 47 47 67 67 0 0 0 0 Bonds 4 0 0 0 0 0 0 0 0 0 Comimercial banks 0 8 47 47 67 67 0 0 0 0 Other private 7 16 0 0 0 0 0 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commnercial banks 0 0 0 0 0 0 0 0 0 0 Memo: IBRD 0 0 0 0 0 0 0 0 0 0 IDA 0 66 324 344 337 346 389 442 458 493 DISBURSEMENTS 4 47 38 1 0 0 104 107 98 94 Public and publicly guaranteed 4 47 38 1 0 0 104 107 98 94 Official creditors 0 32 38 1 0 0 104 107 98 94 Multilateral 0 21 27 1 0 0 103 101 90 93 Concessional 0 21 27 1 0 0 103 101 90 93 Bilateral 0 11 11 0 0 0 1 6 8 1 Concessional 0 7 11 0 0 0 1 6 8 1 Private creditors 4 15 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 5 0 0 0 0 0 0 0 0 Other private 4 10 0 0 0 0 0 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 0 0 Memo: IBRD 0 0 0 0 0 0 0 0 0 0 IDA 0 13 14 0 0 0 49 67 40 39 PRINCIPAL REPAYMENTS 3 15 6 0 0 1 30 11 15 14 Public and publicly guaranteed 3 15 6 0 0 1 30 11 15 14 Official creditors 1 8 6 0 0 1 30 11 15 14 Multilateral 0 0 5 0 0 1 29 10 14 13 Concessional 0 0 5 0 0 1 29 10 14 13 Bilateral 1 8 1 0 0 0 1 1 1 1 Concessional 1 8 1 0 0 0 0 1 1 1 Private creditors 3 7 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 1 0 0 0 0 0 0 0 0 Other private 3 7 0 0 0 0 0 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Conmrercial banks 0 0 0 0 0 0 0 0 0 0 Memo: IBRD 0 0 0 0 0 0 0 0 0 0 IDA 0 0 1 0 0 0 10 4 5 5 NET FLOWS ON DEBT 1 32 33 0 0 -1 73 96 83 80 Public and publicly guaranteed 1 32 33 0 0 -1 73 96 83 80 Official creditors -1 25 33 0 0 -1 73 96 83 80 Multilateral 0 21 22 0 0 -1 74 91 77 81 Concessional 0 21 22 0 0 -1 74 91 77 81 Bilateral -1 3 10 0 0 0 0 5 7 -1 Concessional -1 -1 11 0 0 0 0 5 7 -1 Private creditors 2 7 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 5 0 0 0 0 0 0 0 0 Other private 2 3 0 0 0 0 0 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 0 0 Memo: IBRD 0 0 0 0 0 0 0 0 0 0 IDA 0 13 13 0 0 0 39 63 35 34 280 HAITI (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 INTEREST PAYMENTS (LINT) 0 5 6 0 0 0 25 10 14 15 Public and publicly guaranteed 0 5 6 0 0 0 25 10 14 15 Official creditors 0 3 6 0 0 0 25 10 14 15 Multilateral 0 1 5 0 0 0 24 7 9 10 Concessional 0 1 5 0 0 0 24 7 9 10 Bilateral 0 2 1 0 0 0 1 3 5 5 Concessional 0 2 0 0 0 0 0 3 5 5 Private creditors 0 2 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Cotoimercial banks 0 1 0 0 0 0 0 0 0 0 Other private 0 1 0 0 0 0 0 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Coimnercial banks 0 0 0 0 0 0 0 0 0 0 Memo: IBRD 0 0 0 0 0 0 0 0 0 0 IDA 0 0 2 0 0 0 10 3 3 4 NET TRANSFERS ON DEBT 1 27 27 0 0 -1 49 86 69 65 Public and publicly guaranteed 1 27 27 0 0 -1 49 86 69 65 Official creditors -1 21 27 0 0 -1 49 86 69 65 Multilateral 0 20 17 0 0 -1 50 84 68 71 Concessional 0 20 17 0 0 -1 50 84 68 71 Bilateral -1 1 10 0 0 0 -1 2 1 -6 Concessional -1 -3 10 0 0 0 0 2 2 -6 Private creditors 1 5 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Comimercial banks 0 4 0 0 0 0 0 0 0 0 Other private 1 2 0 0 0 0 0 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Conumercial banks 0 0 0 0 0 0 0 0 0 0 Memo: IBRD 0 0 0 0 0 0 0 0 0 0 IDA 0 13 11 0 0 0 29 60 32 31 DEBT SERVICE (LTDS) 4 20 12 1 0 1 55 21 29 29 Public and publicly guaranteed 4 20 12 1 0 1 55 21 29 29 Official creditors 1 11 12 1 0 1 55 21 29 29 Multilateral 0 1 10 1 0 1 53 17 22 23 Concessional 0 1 10 1 0 1 53 17 22 23 Bilateral 1 10 2 0 0 0 2 3 7 7 Concessional 1 10 1 0 0 0 1 3 7 7 Private creditors 3 9 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 2 0 0 0 0 0 0 0 0 Other private 3 8 0 0 0 0 0 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 0 0 Memo: IBRD 0 0 0 0 0 0 0 0 0 0 IDA 0 0 3 0 0 0 20 7 8 9 UNDISBURSED DEBT 5 145 267 275 261 267 393 351 407 300 Official creditors 0 128 267 275 261 267 393 351 407 300 Private creditors 5 17 0 0 0 0 0 0 0 0 Memorandum items Concessional LDOD 29 214 699 588 578 565 750 835 896 979 Variable rate LDOD 0 8 7 5 5 5 0 0 0 0 Public sector LDOD 40 235 751 638 648 635 751 836 897 980 Pr-ivate sector LDOD 0 7 0 0 0 0 0 0 0 0 6. CURRENCY CONIPOSITION OF LONG-TERM DEBT iPERCENTi Deutsche mark 0.0 5.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 French franc 0.0 3.1 10.6 3.3 2.8 3.0 2.6 2.8 3.0 2.9 Japanese yen 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Pound sterling 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Swiss franc 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 U.S.dollars 99.9 79.1 70.4 72.0 73.0 72.2 77.2 78.0 78.1 79.7 Multiple currency 0.0 12.9 19.0 24.7 24.3 24.8 20.2 19.2 18.9 17.4 Special drawing rights 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 All other currencies 0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 281 HAITI (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 7. DEBT RESTrRUCTU'RINGS Total amount rescheduled 0 0 0 0 108 2 0 0 Debt stock rescheduled 0 0 0 0 0 0 0 0 Principal rescheduled ..0 0 0 0 71 1 0 0 Official ..0 0 0 0 4 1 0 0 Private 0 0 0 0 67 0 0 0 Interest rescheduled 0 0 0 0 17 0 0 0 Official 0 0 0 0 2 0 0 0 Private 0 0 0 0 16 0 0 0 Debt forgiven 0 0 0 23 8 1 0 0 Memo: interest forgiven 0 0 0 0 3 0 0 0 Debt stock reduction 0 0 0 0 0 0 0 0 of which debt buyback 0 0 0 0 0 0 0 0 8. DEBT STOCK-F LOW RECONCILLATION Total change in debt stocks ..83 27 18 -86 89 91 150 0 Net flows on debt 1 53 42 0 0 -79 79 103 174 -3 Net change in interest arrears 8 7 9 4 -33 0 0 0 Interest capitalized 0 0 0 0 17 0 0 0 Debt forgiveness or reduction 0 0 0 -23 -8 -1 0 0 Cross-currency valuation ... 10 -1 -1 2 2 -2 -3 2 Residual ... 23 21 10 9 33 -10 -20 9.. AVER.AGE TERMIS OF NEW~ COM1MITMIENTS ALL CREDITORS Interest (%) 4.8 5.2 1.4 0.0 0.0 0.0 1.2 1.8 1.5 0.0 Maturity (years) 9.5 19.6 38.8 0.0 0.0 0.0 39.9 40.0 39.9 0.0 Grace period (years) 1.0 6.3 10.5 0.0 0.0 0.0 10.4 10.5 10.4 0.0 Grant element (%) 16.0 32.6 74.8 0.0 0.0 0.0 76.6 71.8 73.6 0.0 Official creditors Interest (%) 3.4 2.8 1.4 0.0 0.0 0.0 1.2 1.8 1.5 0.0 Maturity (years) 43.0 29.8 38.8 0.0 0.0 0.0 39.9 40.0 39.9 0.0 Grace period (years) 7.3 10.3 10.5 0.0 0.0 0.0 10.4 10.5 10.4 0.0 Grant element (%) 55.8 54.5 74.8 0.0 0.0 0.0 76.6 71.8 73.6 0.0 Private creditors Interest (%) 4.8 8.2 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Maturity (years) 8.6 7.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Grace period (years) 0.9 1.4 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Grant element (%) 14.9 5.2 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memorandum items Commnitments 5 51 104 0 0 0 254 71 163 0 Official creditors 0 29 104 0 0 0 254 71 163 0 Private creditors 5 23 0 0 0 0 0 0 0 0 10. CONTRACTUAL OBLIGATIONS ON OUTSTA.NDING LONG-TERMI DEBr 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 TOTAL Disbursements 79 77 57 33 22 14 8 1 0 0 Principal 19 22 24 25 25 26 28 33 37 40 Interest 16 16 16 16 16 15 16 16 16 17 Official creditors Disbursements 79 77 57 33 22 14 8 1 0 0 Principal 19 22 24 25 25 26 28 33 37 40 Interest 16 1 6 16 16 16 15 16 16 16 17 Bilateral creditors Disbursements 0 0 0 0 0 0 0 0 0 0 Principal 2 4 5 5 5 5 5 5 5 5 Interest 6 5 5 5 5 5 5 4 4 4 Multilateral creditors Disbursements 78 77 57 33 22 14 8 1 0 0 Principal 17 18 19 20 20 21 23 28 33 35 Interest 10 10 1 1 1 1 1 1 1 1 1 1 12 12 13 Private creditors Disbursements 0 0 0 0 0 0 0 0 0 0 Principal 0 0 0 0 0 0 0 0 0 0 Interest 0 0 0 0 0 0 0 0 0 0 Comimercial banks Disbursements 0 0 0 0 0 0 0 0 0 0 Principal 0 0 0 0 0 0 0 0 0 0 Interest 0 0 0 0 0 0 0 0 0 0 Other private Disbursements 0 0 0 0 0 0 0 0 0 0 Principal 0 0 0 0 0 0 0 0 0 0 Interest 0 0 0 0 0 0 0 0 0 0 282 HONDURAS (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 I. SU'MM )XRY DEBr DA rA TOTAL DEBT STOCKS (EDT) 1,473 3,724 3,614 4,077 4,436 4,570 4,533 4,710 5,002 Long-term debt (LDOD) ill 1,168 3,492 3,322 3,740 4,002 4,096 4,062 4,182 4,358 Public and publicly guaranteed 91 976 3,426 3,232 3,651 3,902 3,973 3,846 3,922 3,946 Private nonguaranteed 19 191 66 90 88 100 123 216 259 412 Useof IMF credit 0 33 32 112 118 109 99 58 46 113 Short-term debt 272 199 180 219 325 375 414 482 532 of which interest arrears on LDOD 0 89 55 92 68 56 55 57 64 Official creditors 0 34 30 36 40 26 31 33 35 Private creditors 0 55 25 56 28 30 24 25 29 Memo: principal arrears on LDOD 3 190 109 167 150 142 130 134 144 Official creditors 1 63 54 74 69 53 61 68 63 Private creditors 2 128 55 93 81 90 68 66 81 Memo: export credits 0 338 431 436 487 466 489 416 451 TOTAL DEBT FLOWS Disbursements 45 375 461 489 584 352 379 456 660 488 Long-term debt 39 346 432 408 574 352 349 456 660 423 vIMF purcbases 6 29 29 81 10 0 31 0 0 64 Principal repayments 6 87 211 203 210 254 336 391 312 297 Long-term debt 6 87 177 203 207 238 293 353 303 295 vMF repurchases 0 0 35 0 3 16 44 38 9 2 Net flows on debt 38 296 133 294 375 228 106 104 414 233 of which shor-t-term debt 8 -117 8 2 130 62 39 67 43 Interest payments (INT) 120 178 174 151 178 217 173 193 208 Long-term debt 4 83 157 162 140 163 195 152 170 182 IMEcharges 0 1 6 6 6 5 5 2 0 0 Short-term debt .. 36 15 6 4 10 1 8 20 24 26 Net transfers on debt 176 -45 120 225 50 -112 -69 221 25 Total debt service paid (TDS) 207 389 377 361 433 553 564 505 505 Long-termn debt 10 170 333 365 347 402 487 504 473 477 IMF repurchases and charges 0 1 41 6 9 21 48 40 9 2 Sbort-term debt (interest only) .. 36 15 6 4 10 18 20 24 26 2. AGGREGATE NET RESOLURCE FLOW%S AND NET TRANSFERS (LONG-TERNI i NET RESOURCE FLOWS 41 284 511 414 487 231 228 291 555 375 Net flow of long-term debt (ex.IMF) 32 259 256 205 367 114 56 103 356 128 Foreign direct investment (net) 8 6 44 48 27 35 50 91 122 84 Portfoio equity flows 0 0 0 0 0 0 0 0 0 0 Grants (excluding technical coop.) 0 20 211 162 93 83 122 97 77 163 Memo: techniical coop. grants 6 19 96 83 86 55 85 78 76 66 official net resource flows 27 148 434 383 311 183 153 130 431 182 private net resource flows 14 137 77 31 176 48 75 161 124 193 NET TRANSFERS 17 124 282 179 257 -27 -57 59 299 108 Interest on long-terindebt 4 83 157 162 140 163 195 152 170 182 Profit remittances on FDI 20 78 72 74 90 95 90 80 86 85 Memo: official net transfers 25 116 285 240 186 36 -17 -3 300 39 private net transfers -8 7 -2 -61 72 -63 -40 62 -1 70 3. NLAJOR ECONONIC AGGREGATES Gross national product (GNP) 700 2,429 2,773 3,247 3,407 3,238 3,698 3,823 4,504 5,162 Exports of goods & services (XGS) .. 967 1,103 1,163 1,300 1,453 1,787 2,111 2,421 2,697 of which workers remiittances ..0 50 60 60 85 120 128 160 220 Imports of goods &services (MGS) .. 1,306 1,384 1,577 1,713 1,900 2,111 2,546 2,793 3,002 Intemnational reser-ves (RES) 20 159 47 205 106 179 270 257 587 824 Current account balance .. -317 -51 -258 -309 -343 -201 -335 -272 .458 .1. DEBT INDICATORS EDT /XGS (% . 152.2 337.5 310.9 313.6 305.3 255.7 214.7 194.5 185.5 EDT /GNP(% . 60.6 134.3 111.3 119.7 137.0 123.6 118.6 104.6 96.9 TDS /XGS(% . 21.4 35.3 32.4 27.7 29.8 31.0 26.7 20.9 18.7 INT /XGS(% . 12.4 16.1 15.0 11.6 12.3 12.2 8.2 8.0 7.7 INT /GNP(% . 5.0 6.4 5.4 4.4 5.5 5.9 4.5 4.3 4.0 RES /EDT(% . 10.8 1.3 5.7 2.6 4.0 5.9 5.7 12.5 16.5 RES /MGS (months) .. 1.5 0.4 1.6 0.7 1.1 1.5 1.2 2.5 3.3 Short-term /EDT (%) .. 18.5 5.4 5.0 5.4 7.3 8.2 9.1 10.2 10.6 Concessional /EDT(% . 21.8 37.4 37.5 39.5 42.1 44.1 48.3 48.3 49.1 Multilateral /EDT (%) .. 31.1 42.5 49.8 47.9 46.5 47.1 46.5 49.1 47.6 283 HONDURAS (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 5. LONG-TERM DEBT DEBT OUTSTANDING (LDOD) Ill. 1,168 3,492 3,322 3,740 4,002 4,096 4,062 4,182 4,358 Public and publicly guaranteed 91 976 3,426 3,232 3,651 3,902 3,973 3,846 3,922 3,946 Official creditors 88 697 2,982 2,965 3,259 3,533 3,608 3,521 3,681 3,782 Multilateral 63 459 1,581 1,801 1,952 2,062 2,153 2,109 2,312 2,379 Concessional 30 202 536 714 815 921 1,036 1,186 1,295 1,409 Bilateral 24 238 1,401 1,163 1,307 1,470 1,455 1,413 1,368 1,404 Concessional 24 120 857 642 796 947 978 1,005 980 1,048 Private creditors 4 280 443 267 392 369 365 324 242 164 Bonds 0 0 0 0 152 152 139 126 62 0 Commercial banks 0 205 205 105 106 98 115 110 94 92 Other private 4 75 238 163 134 120 ill 88 86 72 Private nonguaranteed 19 191 66 90 88 100 123 216 259 412 Bonds 0 0 0 0 0 0 0 0 0 0 Coinmercial banks 19 191 66 90 88 100 123 216 259 412 Memo: IBRD 30 152 558 489 479 469 443 350 275 235 IDA 15 64 77 182 236 307 386 424 496 579 DISBURSEMENTS 39 346 432 408 574 352 349 456 660 423 Public and publicly guaranteed 29 265 425 378 559 320 287 309 553 197 Official creditors 29 151 366 374 379 297 258 306 548 195 Multilateral 21 113 190 291 269 195 209 259 476 141 Concessional 10 37 54 151 120 119 132 182 133 117 Bilateral 7 38 177 83 110 102 49 47 72 54 Concessional 7 12 88 48 92 84 45 46 68 43 Private creditors 0 114 58 4 179 23 29 2 5 3 Bonds 0 0 0 0 152 0 0 0 0 0 Commercial banks 0 59 23 1 17 3 26 2 5 3 Other private 0 55 36 3 10 20 4 0 0 0 Private nonguaranteed 10 81 8 29 16 32 62 147 106 226 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 10 81 8 29 16 32 62 147 106 226 Memo: IBRD 10 24 82 3 26 5 7 0 0 0 IDA 2 18 0 60 55 64 78 52 95 64 PRINCIPAL REPAYMENTS 6 87 177 203 207 238 293 353 303 295 Public and publicly guaranteed 3 39 151 189 189 218 254 298 240 222 Official creditors 2 23 143 153 161 197 227 273 194 176 Multilateral 2 20 137 121 118 158 158 239 137 120 Concessional 1 2 16 22 19 24 22 22 20 25 Bilateral 0 2 6 33 44 39 69 34 57 56 Concessional 0 1 2 2 6 11 10 10 14 14 Private creditors 1 16 8 36 28 22 27 25 46 46 Bonds 0 0 0 0 0 0 13 13 30 32 Commercial banks 0 14 4 26 15 12 6 4 3 3 Other private 1 3 4 10 13 10 8 8 1 3 1 1 Private nonguaranteed 3 48 25 14 18 20 39 54 63 74 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 3 48 25 14 18 20 39 54 63 74 Memo: IBRD 1 4 94 46 46 51 58 59 50 48 IDA 0 0 2 1 1 2 2 2 2 2 NET FLOWS ON DEBT 32 259 256 205 367 114 56 103 356 128 Public and publicly guaranteed 26 226 274 189 369 102 33 11 313 -25 Official creditors 27 128 223 221 218 101 31 33 354 18 Multilateral 20 92 53 171 151 37 51 20 339 21 Concessional 9 35 38 129 101 95 110 160 113 91 Bilateral 7 36 171 50 67 63 -20 13 15 -2 Concessional 7 11 86 46 85 73 35 36 55 29 Private creditors -1 98 50 -32 151 2 2 -23 -41 -43 Bonds 0 0 0 0 152 0 -13 -13 -30 -32 Commercial banks 0 46 19 -25 2 -9 20 -2 2 0 Other private -1 52 32 -7 -3 11 -4 -8 -13 -11 Private nonguaranteed 7 33 -18 15 -2 12 23 93 43 153 Bonds 0 0 0 0 0 0 0 0 0 0 Conumercial banks 7 33 -18 15 -2 12 23 93 43 153 Memo: IBRD 9 20 -12 43 -20 -46 -51 -59 -50 -48 IDA 2 18 -2 59 54 62 76 50 93 62 284 HONDURAS (US$ millionz, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 INTEREST PAYMENTS (LINT) 4 83 157 162 140 163 195 152 170 182 Public and publicly guaranteed 3 58 156 160 140 161 190 146 149 159 Official creditors 2 3 1 150 143 126 147 170 132 131 143 Multilateral 2 24 141 108 97 104 103 98 82 91 Concessional 0 4 1 1 13 12 14 14 15 16 19 Bilateral 0 7 8 35 29 43 67 35 49 52 Concessional 0 2 1 7 9 13 20 1 8 22 21 Private creditors 0 27 6 17 14 14 20 14 19 16 Bonds 0 0 0 0 0 5 7 7 8 9 Commercial banks 0 26 5 14 10 3 7 4 4 2 Other private 0 1 1 3 4 6 6 3 7 4 Private nonguaranteed 1 25 1 2 0 2 5 6 20 23 Bonds 0 0 0 0 0 0 0 0 0 0 Conimercial banks 1 25 1 2 0 2 5 6 20 23 Memo: IBRD 1 1 2 96 43 39 38 38 30 23 20 IDA 0 0 1 1 1 2 3 3 3 4 NET TRANSFERS ON DEBT 29 176 99 43 227 -49 -139 -48 187 -54 Public and publicly guaranteed 23 168 118 29 229 -59 -157 -136 164 -184 Official creditors 25 97 74 78 92 -47 -139 -99 223 -125 Multilateral 18 68 -89 63 54 -67 -52 -77 257 -70 Concessional 9 3 1 27 116 89 82 96 145 97 73 Bilateral 7 29 162 15 38 20 -87 -22 -34 -54 Concessional 7 9 85 39 76 60 14 1 8 33 8 Pfivate creditors -2 7 1 45 -49 137 -13 -18 -37 -59 -59 Bonds 0 0 0 0 152 -5 -21 -20 -38 -41 Comimercial banks 0 20 14 -39 -8 -12 13 -6 -2 -2 Other private -2 5 1 3 1 -10 -7 4 -10 -11 -20 -16 Private nonguaranteed 6 8 -19 14 -2 10 18 87 23 130 Bonds 0 0 0 0 0 0 0 0 0 0 Commnercial banks 6 8 -19 14 -2 10 1 8 87 23 130 Memo: IBRD 8 8 -108 -85 -59 -85 -89 -89 -73 -68 IDA 2 17 -4 58 52 60 73 47 90 58 DEBT SERVICE (LTDS) 10 170 333 365 347 402 487 504 473 477 Public and publicly guaranteed 6 97 307 349 329 379 444 444 389 381 Official creditors 4 54 293 296 287 344 397 405 325 319 Multilateral 4 45 278 229 214 262 262 336 219 211 Concessional 1 6 27 35 3 1 38 36 37 36 44 Bilateral 0 9 15 68 73 82 135 69 106 108 Concessional 0 3 3 9 15 24 3 1 28 36 35 Private creditors 2 44 14 53 42 36 47 39 64 62 Bonds 0 0 0 0 0 5 2 1 20 38 41 Commercial banks 0 39 9 39 25 15 13 8 7 5 Other private 2 4 5 14 1 7 16 1 3 1 1 20 1 6 Private nonguaranteed 4 73 27 16 18 22 44 60 83 97 Bonds 0 0 0 0 0 0 0 0 0 0 Comimercial banks 4 73 27 16 1 8 22 44 60 83 97 Memo: IBRD 2 17 191 89 85 90 96 89 73 68 IDA 0 1 4 2 3 3 4 5 5 6 UNDISBURSED DEBT 54 729 666 885 906 741 779 782 536 641 Official creditors 54 716 655 862 854 712 767 773 526 632 Private creditors 0 1 3 1 0 23 52 29 1 2 9 10 8 Memorandum itemis ConcessionaliLDOD 54 321 1,393 1,356 1,611 1,868 2,013 2,190 2,276 2,457 Variable rate LDOD 19 400 753 728 774 784 768 790 775 882 Public sector LDOD 9 1 841 3,319 3,180 3,619 3,877 3,949 3,823 3,901 3,925 Private sector LDOD 19 327 173 142 120 125 147 239 281 433 6. CUTRRENCY CONMPOSITION OF LONG-TERNI DEBT IPERCENTI Deutsche mark 0.0 0.0 2.6 3.0 2.9 3.2 3.4 3.1 3.0 3.2 French franc 0.5 0.4 3.1 3.1 2.7 2.7 2.6 2.6 2.8 2.9 Japanese yen 0.0 0.0 8.4 9.5 9.7 10.5 9.9 8.9 9.2 10.4 Pound sterling 0.0 0.0 0.9 0.8 0.7 0.7 0.6 0.7 0.8 0.7 Swiss franc 0.0 0.0 2.1 1.4 1.3 1,4 1.5 1.4 1.3 1.4 U.S.dollars 66.7 62.9 45.2 43.7 46.2 44.9 45.7 48.9 58.3 56.9 Multiple currency 32.8 25.4 34.4 35.4 33.0 32.5 31.9 29.8 20.7 20.3 Special drawing rights 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 All other cur-rencies 0.0 11.3 3.3 3.1 3.5 4.1 4.4 4.6 3.9 4.2 285 HONDURAS (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 7. DEBT RESTRLiCTUIRINGS Total amount rescheduled 310 133 83 45 25 67 109 0 Debt stock rescheduled 0 0 0 0 0 0 3 0 Principal rescheduled 153 99 50 29 17 45 98 0 Official 70 68 23 1 1 7 39 97 0 Private 83 3 1 28 18 9 5 1 0 Interest rescheduled 140 34 32 14 8 2 1 3 0 Official 78 2 1 22 8 4 1 7 3 0 Private 62 1 3 9 6 4 5 0 0 Debt forgiven 1 0 8 3 20 1 0 2 1 28 Memo: interest forgiven I11 2 1 0 0 2 0 1 3 Debt stock reduction 4 1 20 0 0 0 0 0 0 of whch debt buyback ..0 0 0 0 0 0 0 0 S. DEBT STOCK-FLO%% RECONCILIATION Total changein debt stocks ..337 218 462 360 134 -36 176 293 Net flows on debt 3 8 296 133 294 375 228 106 104 414 233 Net change in interest arrears -83 -20 37 -24 -12 -1 2 7 Interest capitalized .. 140 34 32 14 8 21 3 0 Debt forgiveness or reduction -51 -29 -3 -20 -10 -2 - 1 -28 Cross-currency valuation ... 88 -62 13 109 29 -120 -122 74 Residual ... 110 1 9 52 13 -40 -120 7 9. AVER AGE TERNMS OF NE%% CONIMITMENTS ALL CREDITORS Interest (%) 4.1 6.8 6.5 4.3 3.8 5.6 2.2 2.7 6.3 1.9 Maturity (years) 29.6 23.9 21.3 24.6 23.7 19.4 30.7 30.9 14.4 33.9 Grace period (years) 6.8 6.7 5.9 6.7 8.7 5.2 7.4 8.3 2.9 8.4 Grant element (%) 45.5 26.9 26.6 41.5 45.9 29.7 59.4 56.0 22.6 64.2 Official creditors Interest (%) 4.1 5.9 6.1 4.3 2.6 5.6 2.0 2.7 6.3 1.9 Maturity (years) 29.6 25.5 22.7 24.8 29.5 19.4 30.8 30.9 14.2 33.9 Grace period (years) 6.8 7.1 6.5 6.7 7.2 5.2 7.6 8.3 2.8 8.4 Grant element (%) 45.5 31.6 29.4 41.9 56.2 29.7 61.1 56.0 22.2 64.2 Private creditors Interest (%) 0.0 16.0 9.9 7.9 5.9 0.0 7.5 0.0 3.6 0.0 Maturity (years) 0.0 6.7 7.1 8.0 13.5 0.0 29.8 0.0 25.5 0.0 Grace period (years) 0.0 2.5 0.6 1.8 11.2 0.0 2.3 0.0 5.0 0.0 Grant element (%) 0.0 -22.3 -0.8 6.7 27.9 0.0 16.6 0.0 45.8 0.0 Memorandum items Commiitments 23 495 452 609 582 144 324 420 447 334 Official creditors 23 452 410 602 371 144 312 420 439 334 Private creditors 0 43 42 7 211 0 12 0 8 0 10. CONTRACTUAL OBLIGATIONS ON OUITSTANDING LONG-TERN! DEBT 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 TOTAL Disbursements 182 168 106 77 50 33 19 3 1 0 Principal 354 358 285 293 269 260 252 239 208 154 Interest 183 164 145 129 112 97 83 71 60 53 Official creditors Disbursements 174 168 106 77 50 33 19 3 1 0 Principal 290 301 231 240 218 209 201 190 161 150 Interest 154 139 124 111 98 86 75 66 58 5 1 Bilateral creditors Disbursements 36 34 19 9 2 1 1 1 0 0 Principal 84 97 92 101 95 98 94 78 59 62 Interest 57 54 50 45 40 36 3 1 27 24 22 Multilateral creditors Disbursements 138 135 87 68 47 3 1 19 3 0 0 Principal 206 203 140 139 123 ill 107 112 102 89 Interest 96 85 74 65 58 51 45 40 34 30 Private creditors Disbursements 8 0 0 0 0 0 0 0 0 0 Principal 64 57 54 53 5 1 5 1 5 1 49 47 3 Interest 29 25 21 1 8 14 1 1 8 5 2 1 Commercial banks Disbursements 0 0 0 0 0 0 0 0 0 0 Principal 9 7 6 5 5 5 5 5 3 1 Interest 4 3 3 3 2 2 2 1 1 1 Other private Disbursements 8 0 0 0 0 0 0 0 0 0 Principal 55 50 48 49 46 46 46 45 44 2 Interest 25 22 1 8 1 5 1 2 9 7 4 1 286 HUNGARY (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 1. SUMMARY DEBT DATA TOTAL DEBT STOCKS (EDT) 9,764 21,277 22,028 24,364 28,275 31,590 27,208 24,496 28,580 Long-term debt (LDOD) 6,416 18,006 18,538 21,127 24,737 28,003 23,678 20,979 23,800 Public and publicly guaranteed 6,416 18,006 17,896 19,910 22,349 23,914 18,673 15,064 15,941 Private nonguaranteed 0 0 642 1,218 2,388 4,089 5,005 5,915 7,859 Use of IMF credit 0 0 330 1,204 1,231 1,141 385 171 160 0 Short-term debt 3,347 2,941 2,286 2,005 2,397 3,203 3,359 3,357 4,780 of wch cinterest arrears on LDOD 0 0 0 0 0 0 0 0 0 Official creditors 0 0 0 0 0 0 0 0 0 Private creditors 0 0 0 0 0 0 0 0 0 Memo: principal arrears on LDOD 0 0 0 0 0 5 0 0 0 Official creditors 0 0 0 0 0 0 0 0 0 Private creditors 0 0 0 0 0 5 0 0 0 Memo: export credits 0 1,424 1,937 2,025 2,252 2,435 1,947 1,839 1,942 TOTAL DEBT FLOWS Disbursements 1,552 2,516 2,934 5,400 5,160 6,887 4,425 4,641 7,217 Long-term debt 1,552 2,343 2,767 5,320 5,160 6,887 4,425 4,641 7,217 IMF purchases 0 0 173 167 79 0 0 0 0 0 Principal repayments 824 2,547 3,120 2,907 3,935 4,938 6,573 6,024 5,811 Long-termn debt 824 2,217 2,947 2,856 3,770 4,144 6,370 6,024 5,650 IMFrepurchases 0 0 330 173 51 164 793 203 0 161 Net flows on debt 903 -397 -77 2,212 1,618 2,755 -1,992 -1,385 2,829 of which short-term debt 176 -366 109 -281 392 806 156 -2 1,423 Interest payments (INT) .. 1,099 1,683 1,850 1,518 1,730 2,109 1,815 1,685 1,494 Long-terindebt 636 1,533 1,614 1,345 1,501 1,875 1,618 1,516 1,297 INV charges 0 0 35 9 1 7 1 63 60 17 8 2 Short-term debt 463 115 145 102 166 174 180 161 195 Net transfers on debt .. -196 -2,080 -1,927 694 -113 647 -3,807 -3,069 1,335 Total debt service paid (TDS) -- 1,923 4,230 4,970 4,424 5,665 7,046 8,389 7,708 7,305 Long-term debt 1,460 3,751 4,561 4,201 5,271 6,019 7,988 7,539 6,947 RAMFrepurehases and charges 0 0 364 264 122 228 853 221 8 163 Short-termndebt (interest only) 463 115 145 102 166 174 180 161 195 2. AGGREGATE NET RESOURCE FLOWS AND NET TRANSFERS (LONG-TERMij NET RESOURCE FLOWS .. 728 280 1,448 4,912 3,013 7,777 1,152 2,586 3,815 Net flow of long-termn debt (ex. IIMF). 728 126 -180 2,464 1,390 2,742 -1,945 -1,383 1,567 Foreign direct investment (net) ..0 0 1,479 2,350 1,144 4,519 1,982 2,079 1,936 Portfolio equity flows ..0 150 34 13 340 483 1,004 1,810 259 Grants (excluding technical coop.) ..0 4 115 85 139 33 110 79 53 Memo: technical coop. grants ..0 0 104 79 61 158 85 54 79 official net resource flows .. 132 587 288 180 234 -99 -589 -13 -869 private net resource flows .. 596 -308 1,159 4,732 2,780 7,876 1,741 2,598 4,683 NET TRANSFERS .. 92 -1,291 -217 3,502 1,423 5,792 -666 820 2,238 Interest on long-term debt .. 636 1,533 1,614 1,345 1,501 1,875 1,618 1,516 1,297 Profit remittances on FDI 0 37 5 1 66 90 110 200 250 280 Memo: official net transfers .. 120 400 -11 -97 -47 -402 -844 -208 -1,020 private net transfers .. -28 -1,691 -206 3,599 1,470 6,195 178 1,028 3,258 3. NLAJOR ECONO NIC AGGREGATES Gross national product (GNP) .. 21,775 31,601 35,994 37,410 40,103 42,876 43,708 44,303 45,935 Exports of goods &services (XGS) ... 12,315 13,926 11,419 11,441 17,939 20,400 25,914 26,793 of which workers remittances ...0 0 0 0 6 1 1 1 8 26 Imports of goods & services (MGS) ... 12,724 14,432 16,415 16,404 21,528 23,000 27,875 30,090 Intemnational reserves (RES) ... 1,185 4,459 6,745 6,778 12,017 9,757 8,437 9,348 Current account balance ... 379 352 -4,262 -4,054 -2,535 -1,689 -982 -2,304 4. DEBT IN-DICATORS EDT / XGS (%) ... 172.8 158.2 213.4 247.1 176.1 133.4 94.5 106.7 EDT /GNP(% . 44.8 67.3 61.2 65.1 70.5 73.7 62.3 55.3 62.2 TDS /XGS(% ... 34.4 35.7 38.7 49.5 39.3 41.1 29.8 27.3 INT /XGS (%) ... 13.7 13.3 13.3 15.1 11.8 8.9 6.5 5.6 INT /GNP(% . 5.1 5.3 5.1 4.1 4.3 4.9 4.2 3.8 3.3 RES /EDT(% ... 5.6 20.2 27.7 24.0 38.0 35.9 34.4 32.7 RES /MGS (months) ... 1.1 3.7 4.9 5.0 6.7 5.1 3.6 3.7 Short-term/ EDT (%) . 34.3 13.8 10.4 8.2 8.5 10.1 12.4 13.7 16.7 Concessional I EDT (% . 5.6 0.2 0.2 0.4 0.8 1.3 1.7 1.8 1.8 Multilateral /EDT (%) .. 0.0 12.0 14.9 13.6 12.7 11.1 10.2 10.1 5.3 287 HUNGARY (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 5. LONG-TERNI DEBT DEBT OUTSTANDING (LDOD) 6,416 18,006 18,538 21,127 24,737 28,003 23,678 20,979 23,800 Public and publicly guaranteed 6,416 18,006 17,896 19,910 22,349 23,914 18,673 15,064 15,941 Official creditors 542 2,715 3,888 3,999 4,445 4,457 3,503 3,123 2,291 Multilateral 0 2,555 3,279 3,311 3,594 3,510 2,767 2,462 1,504 Concessional 0 13 0 0 0 0 0 0 0 Bilateral 542 160 609 688 851 947 736 661 787 Concessional 542 19 51 98 229 415 461 439 525 Private creditors 5,874 15,292 14,009 15,911 17,905 19,457 15,170 11,941 13,650 Bonds 25 4,657 6,780 10,087 13,456 15,755 13,097 10,565 12,010 Commnercial banks 5,523 9,647 6,419 5,153 3,969 3,372 1,899 1,258 1,535 Other private 326 988 809 671 479 330 174 118 105 Private nonguaranteed 0 0 642 1,218 2,388 4,089 5,005 5,915 7,859 Bonds 0 0 0 0 0 0 0 0 90 Commercial banks 0 0 642 1,218 2,388 4,089 5,005 5,915 7,769 Memo: IBRD 0 0 1,513 1,968 2,095 2,208 2,218 1,650 1,520 699 IDA 0 0 0 0 0 0 0 0 0 0 DISBURSEMENTS 1,552 2,343 2,767 5,320 5,160 6,887 4,425 4,641 7,217 Public and publicly guaranteed 1,552 2,343 2,277 4,499 3,746 4,150 1,992 1,163 3,242 Official creditors 187 728 512 476 378 687 507 344 681 Multilateral 0 714 397 414 265 483 354 274 565 Concessional 0 0 0 0 0 0 0 0 0 Bilateral 187 15 115 63 114 204 153 71 115 Concessional 187 3 41 47 112 204 96 40 73 Private creditors 1,365 1,615 1,765 4,023 3,368 3,463 1,484 818 2,561 Bonds 0 940 1,499 3,802 2,835 3,103 514 436 2,248 Commrercial banks 1,240 575 195 172 527 343 867 326 294 Other private 125 99 71 49 6 17 104 57 20 Private nonguaranteed 0 0 490 821 1,414 2,737 2,434 3,478 3,975 Bonds 0 0 0 0 0 0 0 0 85 Commercial banks 0 0 490 821 1,414 2,737 2,434 3,478 3,889 Memo: IBRD 0 0 268 317 229 168 188 95 185 369 IDA 0 0 0 0 0 0 0 0 0 0 PRINCIPAL REPAYMENTS 824 2,217 2,947 2,856 3,770 4,144 6,370 6,024 5,650 Public and publicly guaranteed 824 2,217 2,773 2,571 3,163 3,108 4,853 3,017 3,362 Official creditors 55 145 338 381 283 819 1,207 436 1,602 Multilateral 0 125 315 346 232 723 931 375 1,546 Concessional 0 0 14 0 0 0 0 0 0 Bilateral 55 19 23 35 52 96 275 61 56 Concessional 55 0 5 5 12 14 7 6 30 Private creditors 769 2,073 2,435 2,190 2,879 2,289 3,646 2,581 1,760 Bonds 0 19 522 504 579 1.009 1.640 1,648 1.646 Commercial banks 652 1,895 1,747 1,505 2,067 1,094 1,860 834 75 Other private 117 159 166 180 233 186 147 99 39 Private nonguaranteed 0 0 174 285 608 1,036 1,517 3,007 2,288 Bonds 0 0 0 0 0 0 0 0 0 Commercial banks ..0 0 174 285 608 1,036 1,517 3,007 2,288 Memo: IBRD 0 0 108 124 144 196 251 514 218 1,172 IDA 0 0 0 0 0 0 0 0 0 0 NET FLOWS ON DEBT 728 126 -180 2,464 1,390 2,742 -1,945 -1,383 1,567 Public and publicly guaranteed 728 126 -496 1,928 583 1,042 -2,862 -1,854 -120 Official creditors 132 584 174 95 95 -132 -699 -92 -921 Multilateral 0 589 82 68 33 -240 -577 -102 -981 Concessional 0 0 -14 0 0 0 0 0 0 Bilateral 132 -5 92 27 62 108 -122 10 59 Concessional 132 2 36 43 100 190 89 34 44 Private creditors 596 -458 -670 1,833 489 1,174 -2,162 -1,762 801 Bonds 0 921 977 3,297 2,255 2,094 -1,126 -1,212 602 Commnercial banks 588 -1,320 -1,553 -1,333 -1,540 -750 -993 -508 219 Other private 8 -59 -95 -131 -227 -170 -43 -42 -20 Private nonguaranteed 0 0 317 536 807 1,701 917 472 1,687 Bonds 0 0 0 0 0 0 0 0 85 Commercial banks 0 0 317 536 807 1,701 917 472 1,601 Memo: IBRD 0 0 161 193 85 -28 -63 -419 -33 -802 IDA 0 0 0 0 0 0 0 0 0 0 288 HUNGARY (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 INTEREST PAYMENTS (LINT) .. 636 1,533 1,614 1,345 1,501 1,875 1,618 1,516 1,297 Public and publicly guaranteed 636 1,533 1,585 1,312 1,449 1,708 1,550 1,179 978 Official creditors 12 187 300 278 281 303 255 195 152 Multilateral 0 178 263 235 234 241 213 163 123 Concessional 0 1 1 0 0 0 0 0 0 Bilateral 12 9 37 43 47 62 42 32 29 Concessional 12 1 1 2 5 14 17 17 17 Private creditors 624 1,346 1,286 1,035 1,167 1,405 1,295 983 827 Bonds 3 242 490 572 878 1,129 1,139 898 761 Commercial banks 583 1,034 739 416 261 241 144 76 60 Other private 38 70 56 47 28 35 12 9 5 Private nonguaranteed 0 0 29 32 52 166 68 337 319 Bonds 0 0 0 0 0 0 0 0 1 Commercial banks 0 0 29 32 52 166 68 337 318 Memo: IBRD 0 0 106 139 147 157 160 141 102 70 IDA 0 0 0 0 0 0 0 0 0 0 NET TRANSFERS ON DEBT 92 -1,407 -1,794 1,120 -111 868 -3,563 -2,898 270 Public and publicly guaranteed 92 -1,407 -2,082 616 -865 -667 -4,411 -3,033 -1,098 Official creditors 120 396 -126 -182 -186 -435 -954 -287 -1,073 Multilateral 0 410 -181 -167 -201 -482 -790 -265 -1,103 Concessional 0 -l -15 0 0 0 0 0 0 Bilateral .. 120 -14 55 -15 15 46 -164 -22 30 Concessional 120 1 35 40 96 176 72 18 27 Private creditors -28 -1,804 -1,956 799 -679 -231 -3,457 -2,746 -25 Bonds .. -3 679 487 2,726 1,377 964 -2,265 -2,110 -159 Commercial banks 5 -2,354 -2,292 -1,749 -1,801 -991 -1,136 -584 159 Other private -30 -129 -152 -178 -255 -204 -56 -51 -25 Private nonguaranteed -.0 0 288 504 754 1,534 848 135 1,368 Bonds 0 0 0 0 0 0 0 0 85 Conmmercial banks ..0 0 288 504 754 1,534 848 135 1,284 Memo: IBRD 0 0 54 54 -62 -185 -223 -560 -135 -872 IDA 0 0 0 0 0 0 0 0 0 0 DEBT SERVICE (LTDS) .. 1,460 3,751 4,561 4,201 5,271 6,019 7,988 7,539 6,947 Public and publicly guaranteed 1,460 3,751 4,359 3,883 4,611 4,816 6,403 4,196 4,340 Official creditors 67 332 638 659 564 1,122 1,462 632 1,754 Multilateral 0 304 578 581 465 964 1,144 539 1,669 Concessional 0 1 15 0 0 0 0 0 0 Bilateral .. 67 29 60 78 99 158 317 93 85 Concessional 67 1 6 7 16 28 24 22 46 Private creditors 1,393 3,418 3,721 3,224 4,047 3,694 4,941 3,564 2,587 Bonds 3 261 1,012 1,076 1,458 2,138 2,779 2,546 2,408 Commercial banks 1,236 2,930 2,486 1,921 2,329 1,335 2,003 910 135 Other private 155 228 222 227 261 221 159 108 44 Private nonguaranteed -.0 0 203 318 660 1,203 1,585 3,344 2,607 Bonds 0 0 0 0 0 0 0 0 Commercial banks 0 0 203 318 660 1,203 1,585 3,344 2,606 Memo: IBRD 0 0 214 264 292 353 411 656 319 1,241 IDA 0 0 0 0 0 0 0 0 0 0 UNDISBURSED DEBT .. 930 3,031 2,859 3,292 2,611 2,862 1,465 1,296 1,051 Official creditors .. 141 2,136 2,053 2,181 2,293 2,072 1,107 987 620 Private creditors .. 789 895 807 1,111 318 789 358 309 431 Memorandum items ConcessiontalLDOD .. 542 33 51 98 229 415 461 439 525 Variable rate LDOD .. 2,553 10,893 9,705 9,193 10,172 11,029 9,596 9,455 11,485 Public sector LDOD .. 6,416 18,006 17,853 19,832 22,224 23,696 18,200 14,666 15,312 Private sector LDOD ..0 0 684 1,295 2,513 4,307 5,478 6,313 8,488 6. CLiRRENCI'aCON17POSFTION OF LONG-TERM DEBT iPERCENTi Deutsche mark .. 0.0 26.2 27.4 27.2 29.6 29.5 29.4 30.5 27.2 French franc .. 0.0 0.1 0.1 0.9 0.9 0.8 1.5 1.6 2.2 Japanese yen .. 2.9 25.3 29.8 32.5 31.6 34.6 37.7 37.4 32.9 Pound sterling .. 0.0 0.3 0.0 0.8 0.7 0.6 0.6 0.7 0.7 Swiss firanc .. 0.0 3.9 1.6 1.8 1.9 2.6 2.6 2.9 2.9 U.S.dollars .. 1.8 18.5 14.0 13.5 11.3 10.7 10.7 18.7 15.0 Multiple currency .. 95.3 17.8 16.7 14.0 13.4 12.1 10.2 2.2 2.2 Special drawing rights .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 All other currencies .. 0.0 7.9 10.4 9.3 10.6 9.1 7.3 6.0 16.9 289 HUNGARY (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 7. DEBT RESTRLUCTILTRINGS Total amount rescheduled 0 0 0 0 0 0 0 0 Debt stock rescheduled 0 0 0 0 0 0 0 0 Principal rescheduled 0 0 0 0 0 0 0 0 Official 0 0 0 0 0 0 0 0 Private 0 0 0 0 0 0 0 0 Interest rescheduled 0 0 0 0 0 0 0 0 Official 0 0 0 0 0 0 0 0 Private 0 0 0 0 0 0 0 0 Debt forgiven 0 0 0 0 0 0 0 0 Memo: interest forgiven 0 0 0 0 0 0 0 0 Debt stock reduction ..0 0 0 0 0 0 0 0 of which debt buyback 0 0 0 0 0 0 0 0 8. DEBTr STOCK-FLOW RECONCILLATION Total change in debt stocks 880 -603 2,336 3,911 3,315 -4,382 -2,712 4,084 Net flows on debt 903 -397 -77 2,212 1,618 2,755 -1,992 -1,385 2,829 Net change in interest arrears 0 0 0 0 0 0 0 0 Interest capitalized 0 0 0 0 0 0 0 0 Debt forgiveness or reduction 0 0 0 0 0 0 0 0 Cross-cuffency valuation 1,330 -519 251 2,028 628 -1,581 -1,412 1,054 Residual -53 -6 -128 266 -68 -809 85 201 9. AVERAGE TERMS OF N-Ew commiTMENT'S ALL CREDITORS Interest (%) .. 9.8 8.9 8.0 7.4 7.6 6.4 5.4 4.2 5.4 Maturity (years) .. 13.2 9.9 9.6 9.0 7.8 10.3 8.6 9.2 7.0 Grace period (years) .. 3.0 5.1 6.5 7.6 6.3 9.1 5.1 5.0 5.8 Grant element (%) .. -0.5 4.9 10.3 13.3 10.8 21.2 19.1 26.6 18.6 Ofricial creditors Interest (%) .. 2.5 8.5 6.7 5.6 7.5 7.3 6.8 6.0 5.8 Maturity (years) .. 15.2 12.1 15.0 14.2 12.7 13.3 16.4 14.0 13.9 Grace period (years) .. 1.2 5.1 5.3 5.1 3.9 4.0 3.5 3.3 3.6 Grant element (%) .. 37.5 7.3 18.7 23.0 11.9 13.3 17.4 20.4 21.8 Private creditors Interest (%) .. 10.3 9.4 8.4 7.7 7.6 6.3 5.1 3.3 5.4 Maturity (years) .. 13.0 7.2 7.7 8.0 7.0 9.9 6.9 6.7 6.2 Grace period (years) .. 3.2 5.0 6.9 8.0 6.6 9.9 5.4 5.8 6.1 Grant element (%) .. -3.1 2.0 7.3 11.6 10.6 22.4 19.5 29.7 18.2 Memorandum items Commiitments .. 1,225 3,695 2,343 5,166 3,218 4,459 1,416 1,221 2,998 Official creditors .. 80 2,038 601 770 405 591 260 406 338 Private creditors .. 1,145 1,658 1,742 4,396 2,813 3,869 1,157 816 2,661 1O. CONTRACTUAL OBLIGATIONS ON OLITST4NDING LONG-TERMI DEBT 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 TOTAL Disbursements 473 307 165 81 11 7 5 2 1 0 Principal 4,454 3,895 3,254 2,209 3,773 2,045 1,693 516 940 710 Interest 1,504 1,260 983 763 596 417 290 213 168 301 Official creditors Disbursements 217 185 120 73 1 1 7 5 2 1 0 Principal 192 240 263 288 279 261 263 246 214 291 Interest 154 157 148 136 119 103 87 71 56 44 Bilateral creditors Disbursements 58 35 20 10 4 2 1 0 0 0 Principal 90 106 109 109 95 86 86 82 64 42 Interest 39 39 35 30 25 20 16 1 1 7 4 Multilateral creditors Disbursements 158 150 100 63 6 5 4 2 1 0 Principal 102 134 155 179 184 175 177 164 150 250 Interest 115 118 114 106 95 83 7 1 60 49 39 Private creditors Disbursements 256 121 45 8 0 0 0 0 0 0 Principal 4,262 3,655 2,991 1,921 3,494 1,783 1,431 271 726 419 Interest 1,349 1,104 835 627 477 314 203 142 112 257 Commnercial banks Disbursements 214 106 45 8 0 0 0 0 0 0 Principal 107 313 660 128 96 8 1 47 27 28 36 Interest 84 83 68 3 1 28 26 24 23 21 20 Other private Disbursements 42 15 0 0 0 0 0 0 0 0 Principal 4,155 3,343 2,331 1,793 3,397 1,702 1,383 244 698 382 Interest 1,265 1,020 767 597 449 288 179 119 9 1 237 290 INDIA (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 1. SUNINIARY DEBT DATA TOTAL DEBT STOCKS (EDT) 20,581 83,717 90,264 94,342 102,483 94,387 93,470 94,320 98,232 Long-term debt (LDOD) 7,936 18,333 72,550 79,126 85,676 93,907 86,964 85,431 88,610 93,616 Public and publicly guaranteed 7,836 17,997 71,062 77,921 83,906 87,480 80,346 78,049 79,402 85,207 Private nonguaranteed 100 336 1,488 1,205 1,770 6,427 6,618 7,382 9,208 8,409 Use of IMF credit 0 977 2,623 4,799 5,041 4,312 2,374 1,313 664 288 Short-term debt 1,271 8,544 6,340 3,626 4,264 5,049 6,726 5,046 4,329 of which interest arrears on LDOD 0 0 0 0 0 0 0 0 0 Official creditors 0 0 0 0 0 0 0 0 0 Private creditors 0 0 0 0 0 0 0 0 0 Memo: principal arrears on LDOD 0 0 3 1 0 0 0 0 0 Official creditors 0 0 3 1 0 0 0 0 0 Private creditors 0 0 0 0 0 0 0 0 0 Memo: export credits 0 5,998 6,541 6,782 8,030 7,926 7,827 7,868 7,980 TOTAL DEBT FLOWS Disbursements 908 3,473 8,344 8,982 8,744 7,552 7,140 6,682 7,620 10,728 Long-term debt 908 2,450 6,590 7,359 8,421 7,552 7,140 6,682 7,620 10,728 IMF purchases 0 1,023 1,754 1,624 323 0 0 0 0 0 Principal repayments 519 765 3,376 3,587 4,167 6,318 8,639 7,618 7,551 6,966 Long-term debt 314 755 2,651 3,253 4,033 5,144 6,920 6,645 6,938 6,576 IMF repurchases 205 9 726 334 134 1,174 1,719 973 613 390 Net flows on debt 672 3,281 6,011 4,665 1,863 1,872 -714 742 -1,610 3,044 of which short-termndebt 573 1,043 -730 -2,714 638 785 1,677 -1,680 -717 Interest payments (INT) 642 4,815 4,110 4,178 4,633 4,911 4,365 4,864 5,118 Long-term debt 193 503 3,782 3,440 3,539 4,093 4,344 4,010 4,465 4,767 lMFcharges 0 4 134 271 271 228 182 87 50 25 Short-term debt .. 134 899 399 367 312 385 268 349 327 Net transfers on debt 2,639 1,196 555 -2,315 -2,761 -5,625 -3,623 -6,475 -2,074 Total debt service paid (TDS) 1,407 8,191 7,697 8,345 10,951 13,550 11,982 12,415 12,085 Long-termndebt 507 1,259 6,433 6,693 7,572 9,237 11,265 10,655 11,403 11,343 IMFrepurchases and charges 205 14 859 605 405 1,402 1,901 1,059 663 415 Short-term debt (interest only) .. 134 899 399 367 312 385 268 349 327 2. AGGREGATE NET RESOURCE FLOWS AND NET TRA4NSFERS iLONG-TERND NET RESOURCE FLOWS 787 2,422 4,719 5,204 7,264 8,722 4,438 7,450 6,918 7,604 Net flow of long-termn debt (ex. PIMF) 594 1,695 3,940 4,105 4,388 2,408 220 37 683 4,151 Foreign direct investment (net) 46 79 162 277 550 973 2,144 2,426 3,577 2,635 Portfolio equity flows 0 0 105 241 1,840 4,729 1,517 4,398 2,116 342 Grants (excluding technical coop.) 147 649 512 581 485 612 558 589 543 476 Memo: technical coop. girants 46 152 341 436 386 388 437 409 333 307 official net resource flows 753 1,554 2,846 3,123 2,240 1,581 -490 773 137 1,453 private net resource flows 34 868 1,873 2,081 5,025 7,140 4,929 6,677 6,781 6,151 NET TRANSFERS 595 1,919 936 1,764 3,725 4,629 94 3,440 2,453 2,837 Interest on long-term debt 193 503 3,782 3,440 3,539 4,093 4,344 4,010 4,465 4,767 Profit remittances on FDI 0 0 0 0 0 0 0 0 0 0 Memo: official net transfers 589 1,206 1,349 1,492 566 -265 -2,357 -907 -1,463 -101 private net transfers 6 713 -413 273 3,159 4,894 2,451 4,347 3,916 2,938 3. NIAJOR ECONON111C AGGREGATES Gross national product (GNP) 61,928 187,140 318,658 259,687 275,674 326,367 359,952 393,447 417,165 426,478 Exports of goods & services (XGS) 2,223 15,134 25,064 27,380 32,791 41,401 48,266 54,389 58,379 58,739 of which workers remiittances 83 2,786 1,668 3,419 4,449 7,525 7,180 11,709 11,709 9,385 Imports of goods & services (MGS) 2,763 17,662 33,610 30,949 34,393 45,714 56,318 60,625 64,024 64,619 Intemnational reserves (RES) 1,023 12,010 5,637 9,539 14,675 24,221 22,865 24,889 28,385 30,647 Current account balance -540 -2,454 '-8,145 -3,116 -786 -3,745 -6,726 -5,578 -5,524 -4,984 4. DEBT INDICATORS EDT /XGS(% . 136.0 334.0 329.7 287.7 247.5 195.6 171.9 161.6 167.2 EDT /GNP(% . 11.0 26.3 34.8 34.2 31.4 26.2 23.8 22.6 23.0 TDS /XGS(% . 9.3 32.7 28.1 25.5 26.5 28.1 22.0 21.3 20.6 INT /XGS (%) .. 4.2 19.2 15.0 12.7 11.2 10.2 8.0 8.3 8.7 INT /GNP(% . 0.3 1.5 1.6 1.5 1.4 1.4 1.1 1.2 1.2 RES /EDT% .. 58.4 6.7 10.6 15.6 23.6 24.2 26.6 30.1 31.2 RES /MGS (months) 4.4 8.2 2.0 3.7 5.1 6.4 4.9 4.9 5.3 5.7 Short-termn/ EDT (%) .. 6.2 10.2 7.0 3.8 4.2 5.4 7.2 5.4 4.4 Concessional /EDT (%) .. 74.1 46.2 45.2 45.2 45.5 45.8 43.7 41.2 41.3 Multilateral /EDT (%) .. 29.5 26.0 29.0 29.5 30.7 31.8 31.4 31.2 31.1 291 INDIA (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 5. LONG-TERNI DEBT DEBT OUTSTANDING (LDOD) 7,936 18,333 72,550 79,126 85,676 93,907 86,964 85,431 88,610 93,616 Public and publicly guaranteed 7,836 17,997 71,062 77,921 83,906 87,480 80,346 78,049 79,402 85,207 Official creditors 7,506 16,336 48,383 52,987 55,856 61,997 57,112 54,541 52,165 54,168 Multilateral 1,562 6,070 21,768 26,130 27,826 31,486 30,048 29,332 29,391 30,521 Concessional 1,065 5,244 13,657 15,673 16,301 18,009 17,814 17,939 18,230 18,875 Bilateral 5,945 10,266 26,615 26,857 28,029 30,511 27,065 25,209 22,775 23,647 Concessional 5,450 10,001 25,052 25,166 26,341 28,599 25,378 22,903 20,607 21,721 Private creditors 330 1,661 22,679 24,934 28,050 25,483 23,234 23,509 27,236 31,039 Bonds 2 2 2,639 4,021 3,832 3,740 3,257 1,364 1,948 6,002 Commercial banks 45 1,498 16,130 17,006 18,727 14,588 13,412 16,061 20,216 20,950 Other private 283 161 3,910 3,907 5,492 7,156 6,565 6,084 5,072 4,087 Private nonguaranteed 100 336 1,488 1,205 1,770 6,427 6,618 7,382 9,208 8,409 Bonds 0 0 0 0 794 1,158 1,020 2,433 3,802 3,647 Comimercial banks 100 336 1,488 1,205 976 5,268 5,598 4,949 5,406 4,763 Memo: IBRD 496 827 7,685 9,067 9,870 11,120 9,849 8,769 8,138 7,993 IDA 1,065 5,142 13,312 15,339 15,978 17,666 17,499 17,616 17,912 18,562 DISBURSEMENTS 908 2,450 6,590 7,359 8,421 7,552 7,140 6,682 7,620 10,728 Public and publicly guaranteed 883 2,165 6,376 7,105 7,361 6,685 5,961 5,897 5,734 10,228 Official creditors 842 1,492 3,572 4,160 3,645 3,334 2,828 3,040 3,708 4,464 Multilateral 101 863 2,211 2,424 2,084 2,230 1,942 2,234 2,021 2,040 Concessional 60 689 785 1,192 675 979 736 924 856 885 Bilateral 741 629 1.361 1.736 1,561 1.104 886 806 1,687 2,424 Concessional 687 521 1,130 1,639 1,397 909 815 681 1,445 1,884 Private creditors 41 673 2,804 2,945 3,716 3,351 3,133 2,857 2,026 5,763 Bonds 0 0 427 0 0 0 86 275 650 4,234 Commercial banks 16 639 1,983 2,145 1,545 870 1,719 1,698 903 929 Other private 25 34 395 800 2,171 2,481 1,329 884 473 601 Private nonguaranteed 25 285 214 254 1,060 867 1,179 785 1,886 500 Bonds 0 0 0 0 794 367 520 785 1,371 300 Commercial banks 25 285 214 254 266 500 659 0 515 200 Memo: IBRD 41 174 1,219 852 1,216 741 589 686 542 534 IDA 60 652 762 1,186 669 966 729 906 830 866 PRINCIPAL REPAYMENTS 314 755 2,651 3,253 4,033 5,144 6,920 6,645 6,938 6,576 Public and publicly guaranteed 289 664 2,332 2,947 3,538 5,021 6,764 6,405 6,645 6,285 Official creditors 236 587 1,238 1,618 1,890 2,365 3,876 2,856 4,114 3,487 Multilateral 40 86 609 838 1,000 1,102 1,513 1,218 1,217 1,295 Concessional 0 15 128 171 192 212 245 252 274 313 Bilateral 196 500 629 780 890 1,263 2,364 1,638 2,897 2,192 Concessional 137 472 558 690 748 1,107 2,106 1,459 2,654 1,921 Private creditors 53 78 1,094 1,329 1,647 2,656 2,888 3,549 2,531 2,797 Bonds 0 0 280 206 338 404 311 1,242 2 264 Comimercial banks 10 34 250 438 666 1,054 1,796 1,484 1,160 836 Other private 43 44 564 685 643 1,198 780 823 1,370 1,697 Private nonguaranteed 25 91 318 306 495 123 156 240 293 292 Bonds 0 0 0 0 0 0 0 0 150 149 Commnercial banks 25 91 318 306 495 123 156 240 143 143 Memo: IBRD 40 71 472 634 758 827 943 840 820 842 IDA 0 15 114 155 174 194 226 234 250 288 NET FLOWS ON DEBT 594 1,695 3,940 4,105 4,388 2,408 220 37 683 4,151 Public and publicly guaranteed 594 1,501 4,044 4,158 3,823 1,664 -803 -508 -911 3,943 Official creditors 606 906 2,334 2,543 1,755 970 -1,048 184 -406 977 Multilateral 61 777 1,602 1,587 1,084 1,129 429 1,016 804 745 Concessional 60 674 657 1,021 483 767 492 672 583 572 Bilateral 545 129 732 956 670 -159 -1,477 -832 -1,210 232 Concessional 550 49 572 949 649 -198 -1,291 -779 -1,209 -38 Private creditors -12 595 1,710 1,615 2,069 695 245 -692 -505 2,966 Bonds 0 0 147 -206 -338 -404 -226 -967 648 3,970 Commtercial banks 6 605 1,733 1,707 879 -184 -77 214 -256 93 Other private -18 -10 -170 115 1,528 1,283 548 61 -897 -1,097 Private nonguaranteed 0 194 -104 -53 565 744 1,023 545 1,594 208 Bonds 0 0 0 0 794 367 520 785 1,221 151 Commercial banks 0 194 -104 -53 -229 376 503 -240 373 58 Memo: IBRD 1 103 747 219 458 -86 -354 -154 -278 -307 IDA 60 637 648 1,030 495 773 503 672 580 579 292 INDIA (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 INTEREST PAYMENTS (LINT) 193 503 3,782 3,440 3,539 4,093 4,344 4,010 4,465 4,767 Public and publicly guaranteed 187 473 3,647 3,317 3,400 3,702 3,813 3,584 4,292 4,300 Official creditors 164 348 1,497 1,631 1,674 1,846 1,867 1,680 1,600 1,554 Multilateral 34 101 738 899 940 1,014 1,061 966 907 887 Concessional 7 35 101 112 118 124 135 135 136 139 Bilateral 130 247 759 732 733 832 806 714 693 667 Concessional 105 233 635 622 632 688 686 614 539 521 Private creditors 22 125 2,150 1,685 1,727 1,856 1,946 1,904 2,692 2,746 Bonds 0 0 182 230 258 221 183 573 99 118 Comimercial banks 3 113 1,751 1,200 1,206 1,159 1,263 886 2,212 2,297 Other private 19 12 217 254 263 476 500 446 382 331 Private nonguaranteed 6 30 135 123 139 391 531 426 173 467 Bonds 0 0 0 0 1 20 56 88 154 265 Commnercial banks 6 30 135 123 138 371 475 338 19 202 Memo: IBRD 27 66 615 709 721 768 770 674 590 536 IDA 7 35 97 109 114 121 131 130 131 135 NET TRANSFERS ON DEBT 401 1,191 157 666 849 -1,685 -4,124 -3,973 -3,783 -615 Public and publicly guaranteed 407 1,027 397 841 423 -2,037 -4,616 -4,091 -5,203 -356 Official creditors 441 557 837 911 81 -876 -2,915 -1,495 -2,005 -577 Multilateral 26 676 864 688 144 115 -632 50 -103 -142 Concessional 52 639 557 909 365 643 357 537 447 433 Bilateral 415 -118 -27 224 -63 -991 -2,283 -1,546 -1,903 -434 Concessional 446 -185 -63 328 17 -886 -1,977 -1,393 -1,748 -558 Private creditors -34 470 -440 -70 342 -1,161 -1.701 -2,596 -3,198 220 Bonds 0 0 -35 -436 -596 -625 -409 -1,540 549 3,852 Comimercial banks 3 492 -18 506 -327 -1,343 -1,340 -672 -2,468 -2,204 Other private -37 -22 -387 -140 1,265 807 48 -385 -1,279 -1,428 Private nonguaranteed -6 164 -239 -176 426 353 492 119 1,420 -259 Bonds 0 0 0 0 793 347 464 697 1,067 -114 Commercial banks -6 164 -239 -176 -368 6 28 -578 353 -144 Memo: IBRD -26 37 132 -490 -263 -853 -1,124 -828 -868 -844 IDA 52 602 551 922 381 651 372 542 449 444 DEBT SERVICE (LTDS) 507 1,259 6,433 6,693 7,572 9,237 11,265 10,655 11,403 11,343 Public and publicly guaranteed 476 1,138 5,980 6,264 6,938 8,722 10,577 9,989 10,937 10,584 Official creditors 400 935 2,735 3,249 3,564 4,211 5,743 4,536 5,713 5,041 Multilateral 74 187 1,347 1,736 1,940 2,116 2,573 2,184 2,123 2,182 Concessional 7 50 229 284 310 336 379 387 410 452 Bilateral 326 748 1,388 1,513 1,624 2,095 3,169 2,352 3,590 2,859 Concessional 242 705 1,193 1,312 1,380 1,795 2,792 2,073 3,193 2,442 Private creditors 75 203 3,245 3,015 3,374 4,512 4,834 5,453 5,224 5,543 Bonds 0 0 462 436 596 625 495 1,815 101 382 Commercial banks 12 147 2,001 1,639 1,872 2,213 3,059 2,370 3,371 3,133 Other private 63 56 782 939 906 1,673 1,280 1,269 1,751 2,028 Private nonguaranteed 31 121 453 429 634 514 688 666 466 759 Bonds 0 0 0 0 1 20 56 88 304 414 Commnercial banks 31 121 453 429 633 494 631 578 162 344 Memo: IBRD 67 137 1,087 1,342 1,479 1,595 1,714 1,514 1,410 1,378 IDA 7 50 211 264 289 315 357 365 381 423 UNDISBURSED DEBT 1,664 7,825 24,984 22,089 22,368 21,876 20,064 19,740 20,086 17,390 Official creditors 1,502 6,928 22,410 18,887 18,363 19,172 18,548 18,114 17,247 14,893 Private creditors 162 898 2,574 3,203 4,005 2,704 1,517 1,626 2,839 2,496 Memorandum items Concessional LDOD 6,515 15,245 38,709 40,839 42,642 46,608 43,192 40,841 38,837 40,596 Variable rate LDOD 100 790 12,169 13,985 15,872 21,758 21,053 22,841 24,565 24,795 Public sector LDOD 7,512 17,583 70,524 77,403 83,383 86,952 79,887 77,399 78,857 84,441 Private sector LDOD 425 750 2,026 1,723 2,293 6,955 7,077 8,033 9,753 9,174 6. CURRENCY CONMPOSITION OF LONG-TERNI DEBT (PERCENT) Deutsche mark 9.7 10.0 6.0 6.4 6.0 6.8 6.6 6.0 5.3 5.9 French franc 1.3 2.3 1.7 2.0 1.8 2.0 2.1 1.9 1.8 1.8 Japanese yen 5.2 6.7 9.6 12.0 13.6 16.5 14.8 13.3 12.2 13.4 Pound sterling 24.7 26.8 6.1 5.4 4.9 4.5 4.7 4.3 4.1 3.7 Swiss franc 0.4 0.1 0.6 0.6 0.6 0.8 0.9 0.6 0.5 0.4 U.S.dollars 41.3 39.3 60.7 56.3 56.1 50.6 52.5 56.4 60.0 60.4 Multiple currency 6.3 6.4 11.0 13.1 13.5 15.1 14.8 14.0 13.0 11.7 Special drawing rights 0.0 0.0 0.3 0.3 0.2 0.2 0.2 0.2 0.2 0.2 All other currencies 11.1 8.4 4.0 3.9 3.3 3.5 3.4 3.3 2.9 2.5 293 INDIA (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 7. DEBT RESTRUiCTUJRINGS Total amount rescheduled 0 0 0 0 0 0 0 0 Debt stock rescheduled ..0 0 0 0 0 0 0 0 Principal rescheduled 0 0 0 0 0 0 0 0 Official ..0 0 0 0 0 0 0 0 Private 0 0 0 0 0 0 0 0 Interest rescheduled 0 0 0 0 0 0 0 0 Official 0 0 0 0 0 0 0 0 Private 0 0 0 0 0 0 0 0 Debt forgiven 0 0 0 0 0 0 0 0 Memo: interest forgiven 0 0 0 0 0 0 0 0 Debt stock reduction 0 0 0 0 0 0 0 0 of which debt buyback 0 0 0 0 0 0 0 0 S. DEBT STOCK-FLOW RECONCILLATION Total change in debt stocks 8,310 4,843 4,078 8,140 -8,095 -917 850 3,912 Net flows on debt 672 3,281 6,011 4,665 1,863 1,872 -714 742 -1,610 3,044 Net change in interest arrears 0 0 0 0 0 0 0 0 Interest capitalized 0 0 0 0 0 0 0 0 Debt forgiveness or reduction 0 0 0 0 0 0 0 0 Cross-currency valuation 1,232 1,172 1,365 6,238 -3,935 -3,547 -1,657 1,156 Residual ... 1,066 -994 850 31 -3,447 1,888 4,118 -288 9. AVERAGE TERAIS OF NEW COMMITMENTS ALL CREDITORS Interest (%) 2.5 5.6 5.2 5.0 5.9 3.9 3.5 4.5 4.9 6.3 Maturity (years) 34.1 32.5 22.5 23.3 19.1 25.0 25.3 20.3 19.8 12.6 Grace period (years) 8.2 7.4 7.8 6.8 5.2 8.0 8.1 6.9 6.7 5.8 Grant element (%) 0.0 0.8 8.3 8.0 4.2 7.5 12.1 3.6 9.4 22.4 Official creditors Interest (%) 2.2 2.5 3.8 3.5 4.0 3.5 3.3 3.8 3.8 3.6 Maturity (years) 35.5 40.7 28.8 29.6 26.6 27.2 27.2 28.0 27.0 25.9 Grace period (years) 8.5 8.6 8.4 6.7 7.1 8.6 8.4 8.2 7.8 7.4 Grant element (%) 0.0 0.0 0.0 8.5 0.8 8.4 13.4 5.7 6.7 49.6 Private creditors Interest (%) 6.3 14.0 6.7 7.2 7.8 7.0 5.1 5.7 6.5 7.4 Maturity (years) 12.9 10.7 15.6 14.2 11.5 8.2 6.9 7.6 10.0 7.3 Grace period (years) 4.5 4.0 7.1 6.9 3.4 3.6 5.2 4.8 5.1 5.2 Grant element (%) 0.0 2.9 17.5 7.2 7.7 0.0 0.0 0.0 13.2 11.7 Memorandum items Commitments 954 5,158 8,228 8,898 8,479 4,600 4,680 7,766 7,382 7,481 Official creditors 892 3,745 4,318 5,255 4,250 4,074 4,227 4,826 4,282 2,110 Private creditors 62 1,413 3,910 3,643 4,228 526 452 2,940 3,101 5,371 10. CONTRACTUAL OBLIGATIONS ON OUTSTANDING LONG-TERMI DEBT 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 TOTAL Disbursements 6,160 4,392 2,731 1,620 978 557 414 258 171 109 Principal 6,681 5,741 6,205 6,924 10,002 5,392 4,435 4,257 4,981 3,797 Interest 4,078 3,925 3,665 3,428 3,359 2,770 2,561 2,388 2,198 2,009 Official creditors Disbursements 4,787 3,628 2,477 1,546 946 557 414 258 171 109 Principal 2,926 3,163 3,070 3,195 3,361 3,233 3,138 3,131 3,074 2,993 Interest 1,644 1,624 1,544 1,463 1,364 1,255 1,150 1,045 955 855 Bilateral creditors Disbursements 2,418 1,585 897 472 217 95 36 1 0 0 Principal 1,401 1,516 1,361 1,441 1,527 1,396 1,325 1,335 1,337 1,352 Interest 676 684 643 614 571 525 484 446 422 386 Multilateral creditors Disbursements 2,369 2,044 1,580 1,074 730 462 378 257 171 109 Principal 1,525 1,647 1,709 1,754 1,834 1,837 1,813 1,797 1,737 1,642 Interest 968 940 901 849 793 730 666 599 533 469 Private creditors Disbursements 1,373 763 254 74 3 1 0 0 0 0 0 Principal 3,755 2,578 3,135 3,729 6,641 2,159 1,298 1,126 1,907 803 Interest 2,434 2,301 2,121 1,965 1,995 1,515 1,411 1,343 1,243 1,153 Commnercial banks Disbursements 774 346 53 17 7 0 0 0 0 0 Principal 1,353 1,020 1,480 2,304 1,131 1,083 679 562 565 449 Interest 1,462 1,416 1,351 1,260 1,150 1,081 1,027 987 950 915 Other private Disbursements 599 417 201 57 25 0 0 0 0 0 Principal 2,402 1,558 1,656 1,424 5,510 1,076 619 564 1,342 354 Interest 972 885 770 706 846 434 384 356 293 238 294 INDONESIA (US$ millioni, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 1. SUMMARY DEBT DATA TOTAL DEBT STOCKS (EDT) 20,938 69,872 88,002 89,172 107,824 124,398 128,941 136,173 150,875 Long-term debt (LDOD) 2,948 18,163 58,242 69,945 71,185 88,367 98,432 96,710 100,338 121,672 Public and publicly guaranteed 2,487 15,021 47,982 53,664 57,156 63,926 65,309 60,016 55,869 66,944 Private nonguaranteed 461 3,142 10,261 16,281 14,029 24,441 33,123 36,694 44,469 54,728 Use of IMF credit 139 0 494 0 0 0 0 0 2,970 9,090 Short-term debt 2,775 11,135 18,057 17,987 19,457 25,966 32,230 32,865 20,113 of which interest arrears on LDOD 0 0 0 0 0 0 0 0 0 Official creditors 0 0 0 0 0 0 0 0 0 Privatecereditors 0 0 0 0 0 0 0 0 0 Memo: principal arrears on LDOD 0 1 1 1 0 0 0 0 2,710 Official creditors 0 1 1 1 0 0 0 0 0 Private creditors 0 0 0 0 0 0 0 0 2,710 Memo: export credits 0 10,032 13,670 15,137 17,711 19,417 19,217 20,906 22,337 TOTAL DEBT FLOWS Disbursements 674 3,246 10,024 13,533 8,084 12,547 13,629 20,973 22,462 16,657 Long-term debt 636 3,246 10,024 13,533 8,084 12,547 13,629 20,973 19,433 10,885 vIME purchases 38 0 0 0 0 0 0 0 3,029 5,772 Principal repayments 123 1,633 5,969 7,944 9,138 8,951 10,197 14,892 13,010 11,842 Long-term debt 120 1,633 5,812 7,781 9,138 8,951 10,197 14,892 13,010 11,842 IMF repurchases 3 0 157 163 0 0 0 0 0 0 Net flows on debt 890 2,280 7,216 9,331 -1,124 5,066 9,941 12,346 10,087 -4,935 of which short-termndebt .. 667 3,160 3,742 -70 1,470 6,509 6,264 635 -9,750 Interest payments (INT) .. 1,452 3,978 4,513 4,951 5,316 6,219 6,647 6,726 7,125 Long-term debt 46 1,182 3,413 3,771 4,112 4,174 4,935 5,114 5,116 5,619 IMFcharges 0 0 59 5 0 0 0 0 0 182 Short-termn debt .. 270 506 737 840 1,142 1,284 1,533 1,610 1,324 Net transfers on debt .. 828 3,238 4,819 -6,075 -251 3,722 5,699 3,361 -12,060 Total debt service paid (TDS) .. 3,084 9,946 12,457 14,089 14,267 16,416 21,539 19,736 18,967 Long-termn debt 165 2,814 9,224 11,552 13,249 13,125 15,132 20,006 18,126 17,461 IMFrepurchases and charges 3 0 216 168 0 0 0 0 0 182 Short-term debt (interest only) .. 270 506 737 840 1,142 1,284 1,533 1,610 1,324 2.AGGREGATE NE T RESOU RCE FLO%W%S AND NET TRANSFERS (LONG-TERMI NET RESOURCE F'LOWS 686 1,902 5,901 7,945 3,622 9,594 12,901 15,564 11,592 -808 Net flow of long-term debt (ex. IMF) 517 1,613 4,213 5,752 -1,053 3,596 3,432 6,081 6,423 -957 Foreign direct investment (net) 83 180 1,093 1,777 2,004 2,109 4,348 6,194 4,677 -356 Portfolio equity flows 0 0 312 119 2,452 3,672 4,873 3,099 298 250 Grants (excluiding technical coop.) 87 109 283 298 219 218 249 190 194 255 Memo: technical coop. grants 26 187 407 431 426 444 493 409 371 314 official net resource flows 441 915 2,666 3,395 2,563 1,849 1,378 -602 729 2,951 private net resource flows 245 987 3,235 4,550 1,059 7,745 11,523 16,167 10,863 -3,759 NET TRANSFERS 513 -2,513 296 1,551 -3,067 2,620 4,967 7,050 3,176 -9,227 Interest on long-term debt 46 1,182 3,413 3,771 4,112 4,174 4,935 5,114 5,116 5,619 Profit remittances on FDI 128 3,234 2,192 2,623 2,577 2,800 3,000 3,400 3,300 2,800 Memo: official net transfers 421 603 1,081 1,379 308 -633 -1,288 -3,008 -1,366 902 private net transfers 92 -3,116 -785 173 -3,375 3,253 6,255 10,058 4,542 -10,129 3. MIAJOR ECONOMIC AGGREGATES Gross national product (GNP) 9,698 74,806 109,209 132,938 151,992 170,284 192,474 221,277 209,438 85,486 Exports of goods & services (XGS) ... 29,870 38,234 41,940 46,517 54,880 58,793 65,819 57,470 of which workers remittances ... 166 229 346 449 651 796 725 710 Imports of goods &services (MGS) ... 33,110 41,356 44,237 49,479 61,641 66,597 71,017 53,877 Intemnational reserves (RES) 160 6,803 8,657 11,482 12,474 13,321 14,908 19,396 17,487 23,606 Current account balance ... -2,988 -2,780 -2,106 -2,792 -6,431 -7,663 -4,889 3,972 4. DEBT INDICATORS EDT /XGS(% ... 233.9 230.2 212.6 231.8 226.7 219.3 206.9 262.5 EDT /GNP(% . 28.0 64.0 66.2 58.7 63.3 64.6 58.3 65.0 176.5 TDS I XGS ()... 33.3 32.6 33.6 30.7 29.9 36.6 30.0 33.0 INT /XGS ()... 13.3 11.8 11.8 11.4 11.3 11.3 10.2 12.4 ILNTI/GNP(% . 1.9 3.6 3.4 3.3 3.1 3.2 3.0 3.2 8.3 RES /EDT(% . 32.5 12.4 13.1 14.0 12.4 12.0 15.0 12.8 15.7 RES /MGS (months) ... 3.1 3.3 3.4 3.2 2.9 3.5 3.0 5.3 Short-term /EDT (%) .. 13.3 15.9 20.5 20.2 18.1 20.9 25.0 24.1 13.3 Concessional /EDT (% . 36.4 26.4 24.9 27.2 25.8 22.5 20.3 17.7 18.4 Multilateral /EDT (%) .. 8.8 20.4 18.7 20.0 17.8 16.1 13.4 11.6 11.9 295 INDONESIA (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 5. LONG- l'ERNI DEBT DEBT OUTSTANDING (LDOD) 2,948 18,163 58,242 69,945 71,185 88,367 98,432 96,710 100,338 121,672 Public and publicly guaranteed 2,487 15,021 47,982 53,664 57,156 63,926 65,309 60,016 55,869 66,944 Official creditors 2,206 9,563 33,007 40,024 44,263 49,968 51,250 46,148 42,524 48,717 Multilateral 6 1,834 14,285 16,424 17,822 19,165 20,013 17,248 15,799 17,892 Concessional 6 661 1,369 1,500 1,557 1,637 1,668 1,663 1,581 1,652 Bilateral 2,200 7,729 18,722 23,600 26,441 30,804 31,237 28,899 26,725 30,825 Concessional 1,981 6,961 17,088 20,431 22,671 26,226 26,304 24,485 22,509 26,166 Private creditors 281 5,458 14,975 13,640 12,893 13,958 14,059 13,868 13,345 18,226 Bonds 0 199 696 580 99 99 704 1,141 1,191 1,191 Conunercial banks 1 2,431 8,606 8,076 7,631 7,426 6,714 5,996 5,884 11,007 Other private 280 2,828 5,673 4,984 5,163 6,434 6,642 6,732 6,270 6,028 Private nonguaranteed 461 3,142 10,261 16,281 14,029 24,441 33,123 36,694 44,469 54,728 Bonds 0 0 120 751 1,233 1,750 3,420 6,666 9,661 9,596 Commercial banks 461 3,142 10,141 15,530 12,796 22,692 29,703 30,029 34,808 45,132 Memo: IBRD 0 1,040 9,542 10,640 11,283 12,008 12,503 11,139 9,991 10,692 IDA 5 566 842 814 796 776 756 736 715 694 DISBURSEMENTS 636 3,246 10,024 13,533 8,084 12,547 13,629 20,973 19,433 10,885 Public and publicly guaranteed 441 2,551 5,009 7,830 6,889 7,627 6,665 7,532 6,304 7,670 Official creditors 376 1,130 3,969 5,075 4,477 4,915 4,254 3,961 3,960 5,239 Multilateral 4 431 1,794 1,648 1,871 1,854 1,777 1,696 1,586 2,369 Concessional 4 48 145 63 64 61 80 103 35 47 Bilateral 372 698 2,175 3,427 2,606 3,061 2,477 2,266 2,374 2,870 Concessional 372 592 1,979 2,046 1,755 2,261 1,923 1,841 1,657 2,476 Private creditors 66 1,421 1,041 2,755 2,412 2,711 2,411 3,571 2,344 2,432 Bonds 0 45 0 0 0 0 605 510 50 0 Conmmercial banks 0 1,013 487 1,723 1,128 831 938 1,784 1,351 2,137 Other private 66 363 554 1,031 1,284 1,880 869 1,277 943 295 Private nonguaranteed 195 695 5,015 5,703 1,195 4,920 6,963 13,441 13,129 3,215 Bonds 0 0 120 244 485 495 1,763 3,531 3,378 500 Comimercial banks 195 695 4,895 5,460 710 4,425 5,200 9,910 9,751 2,715 Memo: IBRD 0 331 987 1,003 1,195 1,184 1,045 905 899 1,212 IDA 3 42 0 0 0 0 0 0 0 0 PRINCIPAL REPAYMENTS 120 1,633 5,812 7,781 9,138 8,951 10,197 14,892 13,010 11,842 Public and publicly guaranteed 59 940 4,588 5,183 5,691 5,546 5,715 8,123 5,701 4,801 Official creditors 22 324 1,586 1,978 2,133 3,284 3,125 4,753 3,425 2,542 Multilateral 0 38 677 872 1,008 1,888 1,289 2,980 1,671 989 Concessional 0 4 24 32 36 43 46 47 44 51 Bilateral 22 286 909 1,106 1,125 1,396 1,837 1,774 1,754 1,554 Concessional 19 184 611 816 769 1,037 1,271 1,211 1,207 1,109 Private creditors 37 616 3,001 3,205 3,558 2,262 2,589 3,370 2,276 2,259 Bonds 0 5 94 88 477 0 0 73 0 0 Comimercial banks 1 190 1,718 1,912 1,946 1,188 1,678 2,342 1,379 1,613 Other private 37 421 1,190 1,205 1,135 1,074 911 955 897 646 Private nonguaranteed 61 693 1,224 2,598 3,447 3,405 4,483 6,768 7,309 7,041 Bonds 0 0 0 0 0 0 120 225 309 641 Commercial banks 61 693 1,224 2,598 3,447 3,405 4,363 6,543 7,000 6,400 Memo: IBRD 0 31 551 677 765 1,240 955 1,408 1,145 733 IDA 0 1 11 15 18 20 20 20 20 21 NET FLOWS ON DEBT 517 1,613 4,213 5,752 -1,053 3,596 3,432 6,081 6,423 -957 Public and publicly guaranteed 383 1,611 422 2,647 1,198 2,081 951 -591 603 2,869 Official creditors 354 806 2,382 3,097 2,344 1,631 1,129 -792 535 2,696 Multilateral 4 393 1,117 776 863 -34 488 -1,284 -85 1,380 Concessional 4 44 122 31 28 18 34 57 -9 -4 Bilateral 350 413 1,265 2,321 1,481 1,666 641 492 620 1,316 Concessional 353 409 1,368 1,229 986 1,224 652 630 450 1,367 Private creditors 28 805 -1,961 -451 -1,146 449 -178 201 68 173 Bonds 0 40 -94 -88 -477 0 605 438 50 0 Commercial banks 0 823 -1,231 -189 -818 -357 -740 -558 -28 524 Other private 29 -58 -636 -174 149 806 -43 322 46 -350 Private nonguaranteed 134 2 3,791 3,105 -2,252 1,515 2,481 6,673 5,821 -3,826 Bonds 0 0 120 244 485 495 1,643 3,306 3,070 -141 Commercial banks 134 2 3,671 2,862 -2,737 1,020 838 3,366 2,751 -3,685 Memo: IBRD 0 301 436 327 430 -56 90 -503 -245 479 IDA 3 40 -11 -15 -18 -20 -20 -20 -20 -21 296 INDONESIA (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 INTEREST PAYMENTS (LINT) 46 1,182 3,413 3,771 4,112 4,174 4,935 5,114 5,116 5,619 Public and publicly guaranteed 25 824 2,808 2,994 3,233 3,248 3,773 3,620 3,215 2,988 Official creditors 20 312 1,585 2,016 2,255 2,482 2,666 2,406 2,095 2,049 Multilateral 0 107 990 1,202 1,273 1,395 1,403 1,238 1,020 1,039 Concessional 0 7 16 23 25 25 26 29 26 24 Bilateral 20 205 595 814 982 1,087 1,263 1,167 1,075 1,010 Concessional 18 130 451 617 709 777 875 807 745 706 Private creditors 5 512 1,223 978 978 767 1,108 1,214 1,120 939 Bonds 0 14 62 38 28 5 6 76 130 107 Commercial banks 0 268 699 532 564 372 656 687 593 462 Other private 5 230 462 408 387 389 446 451 397 370 Private nonguaranteed 21 358 605 777 879 926 1,161 1,495 1,901 2,631 Bonds 0 0 0 32 41 91 139 276 551 878 Comimercial banks 21 358 605 745 838 835 1,022 1,218 1,350 1,753 Memo: IBRD 0 89 731 838 855 917 921 841 704 723 IDA 0 4 6 6 6 6 6 6 6 5 NET TRANSFERS ON DEBT 471 431 800 1,981 -5,165 -579 -1,503 967 1,308 -6,576 Public and publicly guaranteed 358 787 -2,386 -347 -2,034 -1,168 -2,823 -4,211 -2,612 -119 Official creditors 334 494 798 1,081 89 -850 -1,537 -3,198 -1,560 647 Multilateral 4 286 128 -426 -410 -1,429 -915 -2,522 -1,105 341 Concessional 4 37 105 8 3 -8 8 28 -35 -28 Bilateral 330 207 670 1,507 500 579 -622 -675 -455 306 Concessional 335 278 917 613 278 447 -223 -177 -295 661 Private creditors 24 294 -3,184 -1,428 -2,124 -317 -1,286 -1,013 -1,052 -766 Bonds 0 26 -156 -126 -504 -5 599 362 -80 -107 Commercial banks 0 555 -1,930 -721 -1,382 -730 -1,396 -1,245 -621 62 Other private 24 -288 -1,098 -582 -238 417 -488 -129 -351 -721 Private nonguaranteed 113 -356 3,186 2,328 -3,131 589 1,319 5,178 3,919 -6,457 Bonds 0 0 120 211 444 404 1,504 3,030 2,518 -1,019 Commercial banks 113 -356 3,066 2,117 -3,575 185 -185 2,148 1,401 -5,439 Memo: IBRD 0 212 -294 -512 -424 -972 -831 -1,344 -949 -244 IDA 3 36 -18 -22 -24 -26 -26 -26 -26 -26 DEBT SERVICE (LTDS) 165 2,814 9,224 11,552 13,249 13,125 15,132 20,006 18,126 17,461 Public and publicly guaranteed 83 1,763 7,395 8,177 8,923 8,794 9,488 11,743 8,916 7,789 Official creditors 42 636 3,171 3,994 4,388 5,765 5,791 7,159 5,519 4,591 Multilateral 0 145 1,667 2,074 2,281 3,283 2,692 4,218 2,691 2,028 Concessional 0 1 1 40 55 61 68 72 76 70 75 Bilateral 42 491 1,504 1,921 2,107 2,483 3,099 2,941 2,828 2,564 Concessional 37 314 1,062 1,433 1,478 1,814 2,146 2,018 1,953 1,815 Private creditors 42 1,127 4,225 4,183 4,535 3,029 3,697 4,584 3,396 3,198 Bonds 0 19 156 126 504 5 6 148 130 107 Commercial banks 1 458 2,417 2,444 2,510 1,561 2,334 3,029 1,972 2,075 Other private 4 1 651 1,652 1,613 1,521 1,463 1,357 1,407 1,294 1,016 Private nonguaranteed 82 1,051 1,829 3,375 4,326 4,331 5,644 8,263 9,210 9,672 Bonds 0 0 0 32 41 91 259 501 860 1,519 Commercial banks 82 1,051 1,829 3,342 4,285 4,240 5,385 7,762 8,350 8,153 Memo: IBRD 0 120 1,282 1,515 1,620 2,156 1,875 2,249 1,848 1,456 IDA 0 5 1 8 22 24 26 26 26 26 26 UNDISBURSED DEBT 499 9,483 20,410 19,365 20,698 21,383 25,023 23,702 19,354 15,509 Official creditors 482 7,060 14,369 14,989 15,779 16,697 19,045 18,663 15,533 14,546 Private creditors 16 2,422 6,041 4,376 4,919 4,687 5,978 5,039 3,821 963 Memorandum items Concessional LDOD 1,987 7,622 18,457 21,932 24,228 27,864 27,971 26,148 24,090 27,817 Variable rate LDOD 461 5,574 25,978 33,664 32,247 44,171 54,087 56,594 63,633 77,545 Public sector LDOD 2,485 15,021 47,982 53,664 57,156 63,926 65,309 60,016 55,869 66,944 Private sector LDOD 463 3,142 10,261 16,281 14,029 24,441 33,123 36,694 44,469 54,728 6. CURRENCI COMPOSITION OF LONG-TERM DEBTP (PERCENT) Deutsche mark 3.9 7.8 5.0 4.7 4.1 4.8 4.9 4.8 4.7 4.3 French franc 4.5 4.0 3.4 3.7 3.3 3.3 3.7 3.7 3.3 2.8 Japanese yen 11.5 20.0 34.6 36.4 37.6 38.0 35.3 34.5 32.9 32.6 Pound sterling 2.2 0.8 1.4 1.0 0.9 0.9 0.8 1.2 1.8 1.6 Swiss franc 0.9 0.7 0.4 0.4 0.5 0.7 0.7 0.8 0.8 0.6 U.S.dollars 36.1 43.5 20.9 19.9 19.9 20.0 21.5 24.3 27.2 47.3 Multiple currency 0.0 8.6 27.3 27.6 28.0 26.7 27.2 24.7 23.3 5.4 Special drawing rights 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.1 0.1 All other cur-rencies 40.9 14.6 7.0 6.3 5.7 5.6 5.9 6.0 5.9 5.3 297 INDONESIA (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 7. DEBT RESTRUCTUTRINGS Total amount rescheduled 0 0 0 0 0 0 0 3,533 Debt stock rescheduled 0 0 0 0 0 0 0 3,002 Principal rescheduled ..0 0 0 0 0 0 0 491 Official 0 0 0 0 0 0 0 302 Private 0 0 0 0 0 0 0 189 Interest rescheduled 0 0 0 0 0 0 0 0 Official 0 0 0 0 0 0 0 0 Private 0 0 0 0 0 0 0 0 Debt forgiven 0 0 0 0 0 0 0 0 Memo: interest forgiven ..0 0 0 0 0 0 0 0 Debt stock reduction 0 0 0. 0 0 0 0 0 of which debt buyback ...0 0 0 0 0 0 0 0 8. DEBT STOCK-FLOW~ RECONCILLUTION Total change in debt stocks ... 10,470 8,454 1,170 18,652 16,574 4,542 7,233 14,702 Net flows on debt 890 2,280 7,216 9,331 -1,124 5,066 9,941 12,346 10,087 -4,935 Net change in interest arrears ...0 0 0 0 0 0 0 0 Interest capitalized ...0 0 0 0 0 0 0 0 Debt forgiveness or reduction ...0 0 0 0 0 0 0 0 Cross-currency valuation ... 3,266 -1,148 2,741 6,435 333 -6,562 -7,278 6,862 Residual ... -12 271 -448 7,151 6,301 -1,241 4,423 12,774 9.. %VER.-GE TERMS OF NEW COMMITMENTS ALL CREDITORS Interest (%) 2.6 8.1 6.0 5.8 5.4 5.2 5.7 5.4 5.6 4.9 Maturity (years) 34.1 19.5 21.1 19.5 19.5 19.9 17.6 19.2 16.2 17.7 Grace period (years) 9.0 5.6 6.0 5.3 5.2 5.6 5.1 6.1 4.7 5.1 Grant element (%) 59.8 17.6 28.3 26.7 29.1 30.9 27.1 29.8 24.2 30.0 Official creditors Interest (%) 2.4 5.4 5.6 5.2 4.9 4.9 5.1 4.8 6.3 4.9 Maturity (years) 35.9 25.2 23.1 21.8 23.3 23.1 21.3 23.4 19.5 17.7 Grace period (years) 9.5 7.2 6.6 6.3 6.6 6.4 5.8 6.7 4.9 5.1 Grant element (%) 62.9 36.2 32.8 33.3 36.9 35.9 33.3 37.0 22.7 30.0 Private creditors Interest (%) 6.0 12.0 7.6 7.1 6.2 6.0 6.8 6.6 4.9 0.0 Maturity (years) 8.1 11.4 14.0 15.0 13.6 12.1 10.9 11.5 12.4 0.0 Grace period (years) 2.0 3.3 4.2 3.2 3.0 3.4 3.9 5.0 4.6 0.0 Grant element (%) 14.1 -9.2 12.8 14.1 17.3 18.3 15.5 16.6 26.0 0.0 Memorandum items Commitments 520 4,277 6,691 7,878 8,137 7,712 10,954 7,796 3,432 6,608 Official creditors 487 2,524 5,190 5,185 4,923 5,495 7,108 5,057 1,816 6,608 Private creditors 33 1,753 1,502 2,693 3,214 2,217 3,846 2,738 1,615 0 10. CONTRACTUAL OBLIGATIONS ON OUTSTANDING LONG-TERMI DEBT 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 TOTAL Disbursements 5,771 4,422 2,777 1,250 623 298 159 7 4 1 Principal 13,867 19,340 17,599 13,350 9,499 7,587 7,978 6,967 7,500 3,631 Interest 7,001 6,657 5,439 4,361 3,642 3,172 2,691 2,164 4,038 1,246 Offlcial creditors Disbursements 5,264 4,205 2,740 1,245 622 298 159 7 4 1 Principal 2,824 3,519 4,089 4,792 4,471 4,041 3,893 3,816 3,616 3,456 Interest 2,462 2,534 2,492 2,350 2,133 1,915 1,707 1,509 1,313 1,131 Bilateral creditors Disbursements 2,080 1,638 988 562 288 137 56 0 0 0 Principal 1,477 2,052 2,463 2,781 2,451 2,074 2,017 2,010 1,898 1,843 Interest 1,074 1,077 1,028 952 854 766 688 615 543 479 Multilateral creditors Disbursements 3,184 2,567 1,752 683 334 161 103 7 4 1 Principal 1,347 1,466 1,626 2,011 2,020 1,967 1,876 1,806 1,719 1,613 Interest 1,388 1,456 1,465 1,398 1,279 1,149 1,020 894 770 652 Private creditors Disbursements 507 216 37 5 2 0 0 0 0 0 Principal 11,043 15,821 13,511 8,558 5,028 3,547 4,085 3,151 3,884 176 Interest 4,539 4,124 2,947 2,011 1,509 1,257 984 655 2,725 114 Commercial banks Disbursements 426 175 25 1 0 0 0 0 0 0 Principal 3,135 2,489 2,631 1,127 421 758 694 78 61 3 1 Interest 836 427 269 155 99 44 27 15 10 7 Other private Disbursements 8 1 42 1 2 4 2 0 0 0 0 0 Principal 7,908 13,332 10,879 7,430 4,607 2,789 3,390 3,073 3,822 145 Interest 3,703 3,697 2,678 1,856 1,410 1,213 957 641 2,715 107 298 IRAN, ISLAMIC REPUBLIC OF (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 1. SUMMARY DEBT DATA TOTAL DEBT STOCKS (EDT) 4,500 9,021 16,084 23,502 22,634 21,879 16,703 11,823 14,391 Long-term debt (LDOD) 4,500 1,797 1,780 5,899 15,922 15,430 11,948 8,469 8,307 Public and publicly guaranteed .. 4,500 1,797 1,780 5,899 15,530 15,116 11,712 8,263 7,679 Private nonguarantee-d ..0 0 0 0 392 314 236 207 628 UseoflIMF credit 0 0 0 0 0 0 0 0 0 0 Short-term debt 0 7,224 14,304 17,604 6,712 6,449 4,755 3,354 6,084 of which interest arrears on LDOD ..0 456 4 4 5 6 1 1 1 Official creditors 0 6 0 0 0 2 0 0 0 Private creditors ..0 449 4 4 5 5 1 1 1 Memo: principal arrears on LDOD 1 1,517 37 37 50 48 33 38 113 Official creditors 1 29 0 0 0 0 0 0 0 Private creditors ..0 1,488 37 37 50 48 33 38 113 Memo: export credits 0 7,826 8,677 9,112 13,474 12,673 11,550 9,768 8,790 TOTAL DEBT FLOWS Disbursements -. 264 139 1,411 1,729 1,874 979 945 907 1,761 Long-termn debt 264 139 1,411 1,729 1,874 979 945 907 1,761 lIF purchases 0 0 0 0 0 0 0 0 0 0 Principal repayments -- 527 225 193 389 2,388 4,198 5,153 5,295 2,140 Long-termn debt 527 225 193 389 2,388 4,198 5,153 5,295 2,140 IMF repurchases 0 0 0 0 0 0 0 0 0 0 Net flows on debt -263 2,480 6,704 7,425 -621 -305 -4,093 -5,789 2,351 of which short-termndebt 0 2,566 5,485 6,086 -108 2,914 116 -1,401 2,730 Interest payments (TNT) -- 431 430 878 1,414 905 1,627 1,380 980 801 Long-termndebt .. 431 28 93 182 273 1,132 1,113 792 527 IMFcharges 0 0 0 0 0 0 0 0 0 0 Short-term debt 0 402 785 1,232 632 494 267 188 274 Net transfers on debt .. -694 2,050 5,825 6,011 -1,526 -1,931 -5,472 -6,769 1,550 Total debt service paid (TDS) .. 959 655 1,071 1,803 3,293 5,824 6,533 6,275 2,942 Long-termn debt 959 253 286 571 2,661 5,330 6,266 6,087 2,667 IMF repurchases and charges 0 0 0 0 0 0 0 0 0 0 Short-term debt (interest only) 0 402 785 1,232 632 494 267 188 274 2. AGGREGATE NET RESOURCE FLOWS AND NET TR-ANSFERS lLONG-TERIMi NET RESOURCE FLOWS -. -262 -371 1,273 1,384 -455 -3,161 -4,140 -4,278 -325 Net flow of long-term debt (ex. RAF) -263 -86 1,219 1,339 -513 -3,219 -4,209 -4,388 -379 Foreign direct investment (net) 0 -362 0 0 2 17 26 53 24 Portfolio equity flows 0 0 0 0 0 0 0 0 0 Grants (excluding technical coop.) 1 76 55 45 56 41 42 57 29 Memo: technical coop. grants .. 19 99 110 113 92 106 102 81 94 official net resource flows -84 21 103 130 -1,509 -3,063 -3,696 -3,983 -1,145 private net resource flows -178 -392 1,170 1,254 1,054 -98 444 -295 588 NET TRANSFERS -- -1,091 -477 1,023 1,202 -729 -4,293 -5,253 -5,069 -853 Intcrcst onlong-terindebt .. 431 28 93 182 273 1,132 1,113 792 527 Profit remittances on FDI. 398 78 157 0 0 0 0 0 0 Memo: official net transfers .. -149 7 9 1 101 -1,534 -3,850 -4,567 -4,509 -1,461 private net transfers .. -942 -485 932 1,101 805 443 -686 -561 376 3. NAJOR ECONOIrvIC AGGREGATES Gross national product (GNP) .. 93,270 120,782 .. 80,734 67,043 71,485 88,395 108,070 113,140 Exports of goods & services (XGS) .. 14,073 20,197 20,714 19,315 20,014 19,269 23,739 20,039 14,527 of which workers renmittances ..0 0 0 0 0 0 0 0 0 Imports of goods & services (MGS) .. 16,509 22,370 29,214 25,030 16,256 15,907 18,970 18,219 16,921 Intemnational reserves (RES) .. 12,783 . .. .. Current account balance .. -2,438 327 -6,504 -4,215 4,956 3,358 5,232 2,213 -1,897 -4. DEBT INDICATORS EDT /XGS(% . 32.0 44.7 77.7 121.7 113.1 113.6 70.4 59.0 99.1 EDT /GNP(% . 4.8 7.5 .. 29.1 33.8 30.6 18.9 10.9 12.7 TDS /XGS(% . 6.8 3.2 5.2 9.3 16.5 30.2 27.5 31.3 20.3 INT /XGS(% . 3.1 2.1 4.2 7.3 4.5 8.4 5.8 4.9 5.5 INT /GNP(% . 0.5 0.4 .. 1.8 1.4 2.3 1.6 0.9 0.7 RES /EDT(% . 284.0......... R-ES /MGS (months) .. 9.3 . Short-termn/EDT (%) .. 0.0 80.1 88.9 74.9 29.7 29.5 28.5 28.4 42.3 Concessional /EDT (% . 5.9 1.2 0.4 0.2 0.8 1.7 2.7 5.3 4.2 Multilateral /EDT (%) .. 13.8 1.3 0.9 0.9 1.4 1.7 3.2 4.5 3.6 299 IRAN, ISLAMIC REPUBLIC OF (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 5. LONG-TERM DEBT DEBT OUTSTANDING (LDOD) 4,500 1,797 1,780 5,899 15,922 15,430 11,948 8,469 8,307 Public and publicly guaranteed 4,500 1,797 1,780 5,899 15,530 15,116 11,712 8,263 7,679 Official creditors 903 225 197 3,081 11,423 11,354 8,727 5,791 4,902 Multilateral 622 116 138 211 323 381 535 533 516 Concessional 0 0 0 0 0 0 0 0 0 Bilateral 282 110 59 2,870 11,101 10,974 8,192 5,258 4,386 Concessional 264 110 58 47 188 381 452 629 607 Private creditors 3,597 1,572 1,583 2,818 4,107 3,761 2,985 2,472 2,777 Bonds 0 0 0 0 0 0 0 0 0 Commercial banks 1,055 1,055 0 6 6 5 294 362 963 Otier private 2,542 517 1,583 2,812 4,101 3,756 2,691 2,109 1,813 Private nonguaranteed 0 0 0 0 392 314 236 207 628 Bonds 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 392 314 236 207 628 Memo: IBRD 0 622 86 133 190 260 316 387 421 433 IDA 0 0 0 0 0 0 0 0 0 0 DISBURSEMENTS 264 139 1,411 1,729 1,874 979 945 907 1,761 Public and publicly guaranteed 264 139 1,411 1,729 1,482 979 945 907 1,261 Official creditors 4 30 120 160 332 393 405 326 162 Multilateral 4 30 119 74 101 123 235 99 39 Concessional 0 0 0 0 0 0 0 0 0 Bilateral 0 0 1 86 231 270 170 227 123 Concessional 0 0 0 50 153 224 159 218 75 Private creditors 261 109 1,291 1,569 1,151 586 540 581 1,100 Bonds 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 6 0 1 326 201 660 Other private 261 109 1,291 1,562 1,151 585 214 380 440 Private nonguaranteed 0 0 0 0 392 0 0 0 500 Bonds 0 0 0 0 0 0 0 0 0 Conmmercial banks 0 0 0 0 392 0 0 0 500 Memo: IBRD 0 4 0 114 58 48 85 137 78 28 IDA 0 0 0 0 0 0 0 0 0 0 PRINCIPAL REPAYMENTS 527 225 193 389 2,388 4,198 5,153 5,295 2,140 Public and publicly guaranteed 527 225 193 389 2,388 4,120 5,075 5,266 2,062 Official creditors 89 86 7 1 74 1,896 3,497 4,143 4,367 1,104 Multilateral 70 67 56 7 19 41 41 86 89 Concessional 0 0 0 0 0 0 0 0 0 Bilateral 19 18 15 67 1,877 3,456 4,102 4,280 1,015 Concessional 9 1 8 15 67 19 20 7 1 26 109 Private creditors 439 139 121 315 491 622 932 899 957 Bonds 0 0 0 0 0 0 0 0 0 Commercial banks 45 0 0 0 2 1 34 126 78 Other private 394 139 121 315 490 621 899 774 880 Private nonguaranteed 0 0 0 0 0 78 78 30 79 Bonds 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 78 78 30 79 Memo: IBRD 0 70 67 26 7 8 6 27 29 50 IDA 0 0 0 0 0 0 0 0 0 0 NET FLOWS ON DEBT -263 -86 1,219 1,339 -513 -3,219 -4,209 -4,388 -379 Public and publicly guaranteed -263 -86 1,219 1,339 -905 -3,141 -4,131 -4,359 -801 Official creditors -85 -56 49 85 -1,565 -3,104 -3,738 -4,040 -942 Multilateral -66 -37 63 67 82 82 193 1 3 -50 Concessional 0 0 0 0 0 0 0 0 0 Bilateral -19 -18 -14 1 9 -1,647 -3,186 -3,932 -4,053 -892 Concessional -9 -18 -15 -18 134 204 89 192 -34 Private creditors -178 -30 1,170 1,254 660 -37 -392 -318 142 Bonds 0 0 0 0 0 0 0 0 0 Comimercial banks -45 0 0 6 -2 -1 292 76 582 Other private -133 -30 1,170 1,248 661 -36 -685 -394 -440 Private nonguaranteed 0 0 0 0 392 -78 -78 -30 422 Bonds 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 392 -78 -78 -30 422 Memo: IBRD 0 -66 -67 88 5 1 40 79 110 49 -22 IDA 0 0 0 0 0 0 0 0 0 0 300 IRAN, ISLAMIC REPUBLIC OF (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 INTEREST PAYMENTS (LINT) 431 28 93 182 273 1,132 1,113 792 527 Public and publicly guaranteed 431 28 93 182 273 1,107 1,093 777 491 Official creditors 65 14 12 30 25 787 871 526 315 Multilateral 49 10 9 12 19 27 33 38 3 1 Concessional 0 0 0 0 0 0 0 0 0 Bilateral 16 4 3 17 6 759 838 488 284 Concessional 14 4 3 5 3 17 24 3 1 27 Private creditors 366 14 81 153 249 321 222 251 176 Bonds 0 0 0 0 0 0 0 0 0 Commercial banks 153 0 0 0 0 0 16 23 40 Other private 213 14 8 1 153 248 320 205 228 136 Private nonguaranteed ..0 0 0 0 0 25 20 15 36 Bonds 0 0 0 0 0 0 0 0 0 Comirercial banks 0 0 0 0 0 25 20 15 36 Memo: IBRD 0 49 10 6 12 16 19 23 26 19 IDA 0 0 0 0 0 0 0 0 0 0 NET TRANSFERS ON DEBT .. -694 -114 1,126 1,157 -787 -4,351 -5,321 -5,180 -906 Public and publicly guaranteed .. -694 -114 1,126 1,157 -1,179 -4,248 -5,223 -5,135 -1,291 Official creditors .. -150 -69 37 56 -1,590 -3,891 -4,609 -4,566 -1,258 Multilateral -116 -47 54 55 63 55 160 -25 -81 Concessional 0 0 0 0 0 0 0 0 0 Bilateral -35 -22 -18 1 -1,653 -3,945 -4,769 -4,541 -1,177 Concessional -24 -22 -19 -23 131 187 65 160 -61 Private creditors -544 -45 1,089 1,101 411 -357 -614 -569 -33 Bonds 0 0 0 0 0 0 0 0 0 Commercial banks -198 0 0 6 -2 -1 276 53 542 Other private -346 45 1,089 1,095 413 -357 -890 -622 -575 Private nonguaranteed ..0 0 0 0 392 -103 -98 -45 385 Bonds 0 0 0 0 0 0 0 0 0 Comimercial banks 0 0 0 0 392 -103 -98 45 385 Memo: IBRD 0 -116 -77 82 39 24 61 87 23 -41 IDA 0 0 0 0 0 0 0 0 0 0 DEBT SERVICE (LTDS) .. 959 253 286 571 2,661 5,330 6,266 6,087 2,667 Public and publicly guaranteed .. 959 253 286 571 2,661 5,227 6,168 6,043 2,552 Official creditors 154 99 83 104 1,921 4,284 5,014 4,892 1,420 Multilateral 119 77 65 19 38 68 75 124 120 Concessional 0 0 0 0 0 0 0 0 0 Bilateral 35 22 19 85 1,884 4,216 4,939 4,768 1,300 Concessional 24 22 19 73 23 37 94 57 136 Private creditors .. 805 154 202 467 740 943 1,154 1,150 1,133 Bonds 0 0 0 0 0 0 0 0 0 Commercial banks 198 0 0 0 2 1 50 149 118 Other private 607 154 202 467 738 942 1,104 1,002 1,015 Private nonguaranteed ..0 0 0 0 0 103 98 45 115 Bonds 0 0 0 0 0 0 0 0 0 Commnercial banks 0 0 0 0 0 103 98 45 115 Memo: IBRD 0 119 77 32 19 24 24 50 55 69 IDA 0 0 0 0 0 0 0 0 0 0 UNDISBURSED DEBT .. 1,173 1,512 5,663 4,423 3,198 3,992 4,434 3,630 2,340 Official creditors .. 63 250 2,004 2,411 1,592 1,407 1,066 748 521 Private creditors .. 1,109 1,262 3,659 2,012 1,606 2,585 3,369 2,883 1,819 Memorandum items ConcessionaliLDOD 264 110 58 47 188 381 452 629 607 Variable rate LDOD .. 1,706 1,273 1,460 5,385 15,240 14,806 11,350 7,929 7,670 Public sector LDOD .. 4,500 1,797 1,780 5,897 15,505 15,031 11,604 8,150 7,678 Private sector LDOD ..0 0 0 2 417 398 345 319 628 6. CURRENCY COMPOSITION OF LONG-TERM D-EBT (PERCENT1 - Deutsche mark .. 15.5 0.0 72.1 33.2 17.9 16.0 13.7 13.4 10.0 French franc .. 8.8 0.7 0.8 2.2 2.2 2.5 2.4 2.4 2.1 Japanese yen .. 9.0 4.2 8.7 7.0 4.4 4.9 5.7 7.2 7.8 Pound sterling .. 0.9 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Swiss franc .. 0.0 0.0 2.3 1.6 0.8 0.6 0.5 0.7 0.9 U.S.dollars .. 43.4 88.6 2.4 49.4 70.5 71.5 71.6 67.5 75.0 Multiple currency .. 13.8 6.4 7.5 3.2 1.7 2.1 3.3 5.1 0.0 Special drawing rights .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 All other cur-rencies .. 8.6 0.1 6.2 3.4 2.5 2.4 2.8 3.7 4.2 301 IRAN, ISLAMIC REPUBLIC OF (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 7. DEBT RESTRLUCTUIRING.S Total amount rescheduled 0 0 2,786 10,785 3,178 1,805 0 0 Debt stock rescheduled 0 0 2,786 10,785 3,178 1,805 0 0 Principal rescheduled ..0 0 0 0 0 0 0 0 Official 0 0 0 0 0 0 0 0 Private ..0 0 0 0 0 0 0 0 Interest rescheduled 0 0 0 0 0 0 0 0 Official 0 0 0 0 0 0 0 0 Private 0 0 0 0 0 0 0 0 Debt forgiven 0 0 0 0 0 0 0 0 Memo: interest forgiven 0 0 0 0 0 0 0 0 Debt stock reduction ..0 0 0 0 0 0 0 0 of which debt buyback 0 0 0 0 0 0 0 0 S. DEBT STOCK-FLOW RECONCILLATION Total change in debt stocks 2,502 4,754 7,419 -869 -755 -5,176 -4,880 2,568 Net flows on debt .. -263 2,480 6,704 7,425 -621 -305 -4,093 -5,789 2,351 Net change in interest arrears ...1 -447 0 1 1 -6 0 0 Interest capitalized ...0 0 0 0 0 0 0 0 Debt forgiveness or reduction ...0 0 0 0 0 0 0 0 Cross-currency valuation ... -9 39 -19 883 -331 -405 -196 67 Residual ..30 -1,542 12 -1,131 -121 -673 1,105 149 9. AVERAGE TERM~S OF NEW CONMl ~IT1%l ENTS ALL CREDITORS Interest (%) .. 0.0 8.4 5.4 4.6 6.3 6.6 5.9 6.6 4.9 Maturity (years) .. 0.0 9.3 9.1 19.4 6.1 8.5 9.6 9.1 9.5 Grace period (years) .. 0.0 4.0 3.4 2.4 1.9 3.1 2.8 2.1 2.5 Grant element (%) .. 0.0 6.2 19.6 31.4 11.0 13.6 16.9 13.0 21.4 Official creditors Interest (%) .. 0.0 7.8 4.9 4.6 6.4 7.0 8.3 0.0 0.0 Maturity (years) .. 0.0 13.5 10.3 20.8 3.9 7.8 7.9 0.0 0.0 Grace period (years) .. 0.0 5.0 3.8 2.5 3.6 3.1 3.4 0.0 0.0 Grant element (%) .. 0.0 11.7 23.1 33.0 10.7 10.5 5.1 0.0 0.0 Private creditors Interest (%) .. 0.0 8.6 6.0 4.3 6.3 6.5 5.7 6.6 4.9 Maturity (years) .. 0.0 8.1 7.5 6.2 6.3 8.6 9.8 9.1 9.5 Grace period (years) .. 0.0 3.7 3.0 1.7 1.8 3.1 2.7 2.1 2.5 Grant element (%) .. 0.0 4.7 15.0 17.1 11.1 14.1 17.9 13.0 21.4 Memorandum items Commitments ..0 1,241 3,214 630 335 1,941 1,464 276 9 Official creditors ..0 280 1,844 567 26 267 106 0 0 Private creditors ..0 961 1,370 64 309 1,674 1,359 276 9 10. CONTRACTUAL OBL-IGATIONS ON OUTSTAN'DING LONG-TERM DEBT 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 TOTAL Disbursements 1,229 707 248 95 35 13 9 5 0 0 Principal 2,713 2,508 1,907 1,111 618 529 379 234 190 121 Interest 441 369 263 176 121 88 59 38 25 16 Official creditors Disbursements 209 150 70 41 23 13 9 5 0 0 Principal 1,478 1,487 1,244 537 107 92 88 65 62 62 Interest 252 184 113 60 37 31 26 20 16 12 Bilateral creditors Disbursements 131 85 32 16 4 1 0 0 0 0 Principal 1,378 1,378 1,160 460 36 22 19 19 19 19 Interest 208 142 76 27 9 8 7 6 6 5 Multilateral creditors Disbursements 79 66 38 25 19 12 9 5 0 0 Principal 100 108 84 77 72 70 69 46 42 42 Interest 45 42 37 33 28 24 19 14 1 1 7 Private creditors Disbursements 1,020 557 178 54 1 1 0 0 0 0 0 Principal 1,235 1,022 664 574 511 437 290 169 128 59 Interest 189 186 149 116 84 57 34 18 9 4 Commnercial banks Disbursements 485 233 57 15 0 0 0 0 0 0 Principal 132 275 287 253 250 242 113 90 70 34 Interest 47 79 69 54 40 26 15 9 5 2 Other private Disbursements 535 324 120 39 1 1 0 0 0 0 0 Principal 1,103 747 376 322 261 194 178 79 58 25 Interest 141 106 8 1 62 44 30 19 9 4 2 302 JAMAICA (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 I. SUMIMARY DEBTIDATA TOTAL DEBT STOCKS (EDT) 1,913 4,671 4,256 4,102 4,315 4,262 3,981 3,913 3,995 Long-term debt (LDOD) 982 1,505 3,968 3,588 3,478 3,514 3,527 3,247 3,109 3,258 Public and publicly guaranteed 160 1,430 3,934 3,560 3,450 3,436 3,399 3,124 2,921 3,079 Private nonguaranteed 822 75 34 28 28 78 128 123 188 179 Use of IMF credit 0 309 357 357 335 318 240 161 118 105 Short-term debt 98 347 311 289 483 494 572 686 631 of which interest arTears on LDOD 0 125 135 135 107 104 96 74 75 Official creditors 0 87 92 99 92 89 81 68 68 Private creditors 0 37 43 35 15 15 14 7 7 Memo: principal arrears on LDOD 27 157 215 257 194 197 194 153 155 Official creditors 8 84 143 177 158 160 159 128 129 Private creditors 19 73 72 80 36 37 36 25 26 Memo: export credits 0 651 559 537 521 523 507 405 451 TOTAL DEBT FLOWS Disbursements 184 363 340 382 272 210 301 211 391 384 Long-term debt 180 363 284 323 221 161 291 211 391 384 IMF purchases 4 0 56 59 51 49 11 0 0 0 Principal repayments 170 121 401 469 337 373 437 447 433 328 Long-term debt 170 102 290 391 265 286 342 375 399 311 IMF repurchases 0 19 112 79 72 87 96 72 35 17 Net flows on debt 13 234 -106 -66 -88 59 -122 -149 93 1 of which short-term debt -8 -45 22 -22 222 14 87 136 -55 Interest payments (INT) 159 260 212 203 215 236 227 208 209 Long-term debt 64 121 202 168 167 184 196 192 169 170 vIMFcharges 0 23 34 29 24 17 17 9 7 5 Short-termn debt .. 15 24 16 12 14 24 26 33 34 Net transfers on debt .. 75 -366 -278 -291 -156 -358 -376 -115 -208 Total debt service paid (TDS) .. 280 662 682 541 588 673 674 641 537 Long-term debt 234 223 492 558 432 470 538 567 568 481 RAF repurchases and charges 0 42 145 108 97 105 112 81 41 22 Short-termn debt (interest only) .. 15 24 16 12 14 24 26 33 34 2. AGGREGATE NET RESOUJRCE FLOWS AND NET TRANSFERS (LONG-TERNMs NET RESOURCE FLOWS 174 302 249 131 276 95 159 60 234 534 Net flow of long-termndebt (ex.IRM) 10 261 -6 -68 -44 -125 -51 -163 -8 73 Foreign direct investment (net) 162 28 138 142 78 130 147 184 203 369 Portfoio equitv flows 0 0 0 0 0 0 0 0 0 0 Grants (excluding technical coop.) 3 13 117 57 242 91 63 39 40 92 Memo: technical coop. grants 5 17 35 36 39 37 51 38 37 32 official net resource flows 14 293 157 0 200 -41 -16 -136 -209 -52 private net resource flows 160 9 92 131 77 136 175 196 443 586 NET TRANSFERS 6 66 -142 -93 105 -113 -67 -163 31 324 Interest on long-termndebt 64 121 202 168 167 184 196 192 169 170 Profit remittances on FDI 105 114 189 57 5 24 31 30 35 40 Memo: official net transfers 12 247 -7 -145 49 -187 -178 -298 -346 -175 private net transfers -6 -181 -135 51 55 74 110 136 377 499 3. MAJOR ECONOMIUC AGGREGATES Gross national product (GNP) 1,400 2,425 3,805 2,887 3,814 3,761 3,971 3,973 4,048 6,334 Exports of goods & services (XGS) .. 1,472 2,461 2,453 2,670 3,608 4,138 4,123 4,205 4,199 of which workers remjittances .. 51 136 158 187 458 582 636 642 659 Imports of goods &services (MGS) .. 1,678 2,928 2,624 3,057 3,516 4,237 4,223 4,499 4,430 Intemnational reserves (RES) 139 105 168 324 417 736 681 880 682 709 Current account balance .. -136 -312 29 -184 93 -74 -112 -312 -255 4. DEBT IN-DICATORS EDT /XGS (% . 129.9 189.8 173.5 153.6 119.6 103.0 96.6 93.1 95.1 EDT /GNP% .. 78.9 122.8 147.4 107.5 114.7 107.3 100.2 96.7 63.1 TDS / XGS (% . 19.0 26.9 27.8 20.3 16.3 16.3 16.3 15.3 12.8 INT / XGS (% . 10.8 10.6 8.7 7.6 6.0 5.7 5.5 4.9 5.0 INT /GNP(% . 6.6 6.8 7.4 5.3 5.7 5.9 5.7 5.1 3.3 RES / EDT (% . 5.5 3.6 7.6 10.2 17.1 16.0 22.1 17.4 17.8 RES /MGS (months) .. 0.8 0.7 1.5 1.6 2.5 1.9 2.5 1.8 1.9 Short-termn/ EDT (%) . 5.1 7.4 7.3 7.0 11.2 11.6 14.4 17.5 15.8 Concessional /EDT (% . 20.3 29.9 30.4 29.3 29.8 31.5 31.3 27.7 26.5 Multilateral /EDT (%) .. 14.9 25.0 26.2 28.0 27.4 28.4 27.6 25.1 25.0 303 JAMAICA (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 5. LONG- IERMI DEBT DEBT OUTSTANDING (LDOD) 982 1,505 3,968 3,588 3,478 3,514 3,527 3,247 3,109 3,258 Public and publicly guaranteed 160 1,430 3,934 3,560 3,450 3,436 3,399 3,124 2,921 3,079 Official creditors 59 920 3,406 3,149 3,045 3,090 3,076 2,785 2,408 2,340 Multilateral 30 284 1,168 1,117 1,149 1,181 1,209 1,100 984 997 Concessional 0 79 175 157 150 142 142 141 125 122 Bilateral 29 636 2,239 2,032 1,896 1,909 1,867 1,685 1,425 1,342 Concessional 19 310 1,223 1,137 1,053 1,144 1,199 1,103 960 937 Private creditors 101 510 528 411 405 346 324 339 513 740 Bonds 83 19 0 0 0 13 25 78 278 528 Commercial banks 17 384 298 254 281 265 234 206 196 178 Other private 0 108 230 158 124 68 65 56 40 34 Private nonguaranteed 822 75 34 28 28 78 128 123 188 179 Bonds 0 0 0 0 0 55 55 55 55 55 Commercial banks 822 75 34 28 28 23 73 68 133 124 Memo: IBRD 30 176 672 594 607 595 595 515 431 410 IDA 0 0 0 0 0 0 0 0 0 0 DISBURSEMENTS 180 363 284 323 221 161 291 211 391 384 Public and publicly guaranteed 15 338 284 317 215 106 236 211 321 384 Official creditors 14 317 246 261 174 83 178 123 108 120 Multilateral 7 93 102 90 148 67 115 89 87 85 Concessional 0 33 9 2 1 1 10 9 9 6 Bilateral 7 224 144 171 27 16 64 33 21 35 Concessional 2 84 103 34 3 10 31 18 9 7 Private creditors 1 21 39 56 41 23 57 89 212 264 Bonds 0 0 0 0 0 13 13 53 200 250 Commercial banks 1 4 0 0 40 10 42 36 12 14 Other private 0 17 39 56 1 0 3 0 0 0 Private nonguaranteed 165 25 0 6 6 55 55 0 70 0 Bonds 0 0 0 0 0 55 0 0 0 0 Conumercial banks 165 25 0 6 6 0 55 0 70 0 Memo: IBRD 7 55 35 27 77 22 61 41 26 31 IDA 0 0 0 0 0 0 0 0 0 0 PRINCIPAL REPAYMENTS 170 102 290 391 265 286 342 375 399 311 Public and publicly guaranteed 6 92 282 385 259 280 337 370 394 302 Official creditors 2 37 205 317 217 215 257 297 357 264 Multilateral 1 11 100 127 123 121 127 125 137 111 Concessional 0 0 8 12 8 11 10 10 24 10 Bilateral 1 26 105 190 94 94 130 173 220 153 Concessional 1 2 19 23 22 24 30 68 97 66 Private creditors 4 55 76 68 42 66 80 73 37 38 Bonds 2 9 0 0 0 0 0 0 0 0 Commercial banks 2 16 1 10 I11 10 73 65 22 31 Other private 0 31 75 58 32 56 6 8 15 6 Private nonguaranteed 164 10 8 6 6 5 5 5 5 9 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 164 10 8 6 6 5 5 5 5 9 Memo: IBRD 1 6 62 78 73 76 85 80 72 72 IDA 0 0 0 0 0 0 0 0 0 0 NET FLOWS ON DEBT 10 261 -6 -68 -44 -125 -51 -163 -8 73 Public and publicly guaranteed 9 246 3 -68 -44 -175 4101 -158 -73 82 Official creditors 12 280 40 -57 -43 -131 -79 -175 -249 -144 Multilateral 6 82 2 -37 25 -54 -12 -35 -50 -26 Concessional 0 33 1 -10 -7 -10 0 -l -15 -4 Bilateral 6 198 39 -19 -67 -78 -67 -139 -198 -118 Concessional 1 82 84 11 -19 -14 1 -50 -88 -59 Private creditors -3 -34 -38 -12 -2 -43 -22 16 175 226 Bonds -2 -9 0 0 0 1 3 13 53 200 250 Commercial banks -1 -12 -1 -10 29 0 -31 -28 -10 -17 Other private 0 -13 -37 -2 -31 -56 -4 -8 -15 -6 Private nonguaranteed 1 15 -8 0 0 50 50 -5 65 -9 Bonds 0 0 0 0 0 55 0 0 0 0 Commercial banks 1 15 -8 0 0 -5 50 -5 65 - Memo: IBRD 6 50 -26 -51 4 -54 -24 -39 -46 -41 IDA 0 0 0 0 0 0 0 0 0 0 304 JAMAICA (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 INTEREST PAYMENTS (LINT) 64 121 202 168 167 184 196 192 169 170 Public and publicly guaranteed 9 115 200 165 165 182 185 182 156 158 Official creditors 2 45 164 145 150 147 162 163 137 122 Multilateral 1 17 86 93 84 84 83 75 69 61 Concessional 0 2 5 4 5 4 3 3 5 3 Bilateral 1 29 79 52 66 62 79 88 68 62 Concessional 1 10 16 13 28 24 37 42 35 35 Private creditors 7 69 35 21 14 35 23 19 18 35 Bonds 6 2 0 0 0 0 2 2 3 22 Conmrercial banks 1 55 20 13 11 13 19 15 14 12 Other private 0 13 15 7 4 22 2 2 2 1 Private nonguaranteed 54 7 3 2 2 3 11 11 13 12 Bonds 0 0 0 0 0 1 5 5 5 5 Comimercial banks 54 7 3 2 2 2 6 6 8 8 Memo: IBRD 1 13 58 59 49 49 47 41 34 28 IDA 0 0 0 0 0 0 0 0 0 0 NET TRANSFERS ON DEBT -54 140 -208 -236 -210 -309 -247 -356 -177 -97 Public and publicly guaranteed -1 132 -197 -233 -209 -356 -286 -340 -229 -76 Official creditors 9 235 -124 -201 -193 -278 -241 -337 -386 -267 Multilateral 5 66 -84 -130 -59 -138 -96 -110 -120 -87 Concessional 0 31 -4 -14 -12 -14 -4 -4 -20 -7 Bilateral 4 169 -40 -72 -134 -140 -146 -227 -267 -180 Concessional 0 72 68 -2 -47 -38 -35 -93 -122 -94 Private creditors -10 -103 -73 -32 -16 -78 -45 -3 157 191 Bonds -7 -10 0 0 0 1 3 11 51 197 228 Commercial banks -3 -66 -22 -23 19 -14 -50 -44 -24 -30 Other private 0 -26 -51 -9 -35 -77 -6 -10 -16 -7 Private nonguaranteed -53 8 -11 -2 -2 47 39 -16 52 -21 Bonds 0 0 0 0 0 54 -5 -5 -5 -5 Conimercial banks -53 8 -11 -2 -2 -7 44 -11 57 -17 Memo: IBRD 5 37 -85 -110 -45 -102 -71 -80 -80 -68 IDA 0 0 0 0 0 0 0 0 0 0 DEBT SERVICE (LTDS) 234 223 492 558 432 470 538 567 568 481 Public and publicly guaranteed 15 206 481 550 424 462 522 552 550 459 Official creditors 4 82 370 462 367 361 419 460 494 386 Multilateral 2 27 186 220 207 205 210 200 207 171 Concessional 0 2 14 16 13 15 13 13 29 13 Bilateral 2 55 184 243 160 156 209 260 288 215 Concessional 2 12 35 36 50 47 67 ill 131 101 Private creditors 11 124 112 88 57 101 103 92 55 73 Bonds 7 10 0 0 0 0 2 2 3 22 Commercial banks 4 70 22 23 21 24 92 80 36 43 Other private 0 44 90 65 36 77 9 10 16 7 Private nonguaranteed 218 17 11 8 8 8 16 16 18 21 Bonds 0 0 0 0 0 1 5 5 5 5 Commiercial banks 218 17 11 8 8 7 11 11 13 17 Memo: IBRD 2 18 120 137 123 124 132 121 106 99 IDA 0 0 0 0 0 0 0 0 0 0 UNDISBURSED DEBT 38 325 556 558 621 582 504 524 524 350 Official creditors 38 314 547 556 610 569 480 512 514 350 Private creditors 0 11 9 2 1 1 13 24 12 10 0 Memorandum items Concessional LDOD 19 389 1,398 1,294 1,203 1,285 1,342 1,245 1,085 1,058 Variable rate LDOD 822 344 1,023 890 967 1,014 1,002 961 948 902 Public sector LDOD 158 1,384 3,934 3,560 3,450 3,436 3,399 3,124 2,921 3,079 Private sector LDOD 824 122 34 28 28 78 128 123 188 179 6. CURRENCI COMPOSITION OF LONG-TERMN DEBT tPERCE NTI Deutsche mark 0.0 0.7 2.0 2.6 2.6 3.0 3.4 3.1 2.7 2.5 French franc 0.0 1.1 0.7 0.8 0.9 1.0 1.0 0.8 0.5 0.4 Japanese yen 0.0 0.7 4.9 6.9 7.8 8.6 8.9 8.5 7.5 7.5 Pound sterling 47.7 8.5 5.6 4.2 4.2 4.4 4.3 4.5 3.4 2.7 Swiss franic 0.0 0.3 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 U.S.dollars 27.6 58.5 49.3 50.3 49.0 47.1 46.4 48.6 54.7 57.9 Multiple currency 18.7 17.1 27.8 27.8 28.7 28.7 28.7 27.4 25.1 22.8 Special drawing rights 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.1 0.0 0.1 All other currencies 6.0 13.1 9.7 7.4 6.8 7.2 7.3 7.0 6.1 6.1 305 JAMAICA (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 7. DEBT RESTRL'CTUfRINGS Total amount rescheduled 469 131 149 106 105 0 0 0 Debt stock rescheduled 314 0 40 0 0 0 0 0 Principal rescheduled 99 96 84 76 88 0 0 0 Official .. 96 93 82 74 87 0 0 0 Private 3 3 2 1 1 0 0 0 Interest rescheduled 55 36 24 30 17 0 0 0 Official .. 54 35 24 30 16 0 0 0 Private I. 0 0 0 0 0 0 0 Debt forgiven 0 7 100 6 0 0 0 0 Memo: interest forgiven 1 4 3 3 0 0 0 0 Debt stock reduction 24 14 2 16 0 0 0 0 of whch debt buyback 0 0 0 0 0 0 0 0 8. DEBT sToCK-FLOW RECONCILI-ATION Total change in debt stocks ill -153 -155 213 -53 -281 -68 82 Net flows on debt 13 234 -106 -66 -88 59 -122 -149 93 1 Net change in interest arrears 0 9 0 -28 -3 -8 -22 0 Interest capitalized 55 36 24 30 17 0 0 0 Debt forgiveness or reduction -25 -21 -102 -21 0 0 0 0 Cross-currency valuation ... 130 -96 -4 97 14 -101 -110 51 Residual ... 57 -14 16 76 42 -23 -29 30 9. AVERAGE TERMS OF NW" CoNnM1TmENTS ALL CREDITORS Interest (%) 6.0 7.2 8.0 7.9 6.8 5.2 6.5 4.6 8.6 8.4 Maturity (years) 16.0 13.7 16.7 19.5 17.7 14.4 13.4 15.7 11.1 8.0 Grace period (years) 3.2 4.6 3.8 4.1 4.4 5.3 3.0 4.6 4.9 6.4 Grant element (%) 21.7 21.5 10.9 11.8 15.5 28.0 16.4 28.6 8.0 7.2 Official creditors Interest (%) 6.0 6.5 7.9 7.9 7.3 4.9 6.2 5.2 7.1 6.1 Maturity (years) 16.0 14.6 18.8 21.3 21.0 17.9 19.8 20.2 21.0 15.4 Grace period (years) 3.2 5.0 4.2 5.0 5.0 5.4 4.1 5.5 5.0 2.7 Grant element (%) 21.7 24.0 12.3 12.8 17.2 32.0 22.9 32.9 18.4 16.1 Private creditors Interest (%) 0.0 13.0 8.7 8.0 4.5 5.8 6.8 3.2 9.5 8.7 Maturity (years) 0.0 5.7 1.9 11.7 1.6 6.0 3.3 4.9 5.3 6.9 Grace period (years) 0.0 1.3 0.4 0.2 1.6 5.0 1.3 2.3 4.8 6.9 Grant element (%) 0.0 0.2 0.5 7.4 7.7 18.2 6.4 18.5 1.9 6.0 Memorandum items Commitments 24 245 318 292 292 85 175 261 336 288 Official creditors 24 219 279 237 242 60 107 184 125 34 Private creditors 0 26 39 55 50 25 69 78 211 254 10. CONTRACTUAL OBLIGArIONS ON OUTST &ND1NG LONG-TERM DEBT 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 TOTAL Disbursements 86 76 59 47 36 20 14 6 4 2 Principal 381 345 237 417 205 203 440 183 170 160 Interest 191 173 158 148 118 107 85 64 54 44 Official creditors Disbursements 86 76 59 47 36 20 14 6 4 2 Principal 272 235 196 180 167 172 178 173 160 151 Interest 125 114 104 96 88 80 70 60 5 1 42 Bilateral creditors Disbursements 8 4 2 1 0 0 0 0 0 0 Principal 135 110 82 81 68 76 90 87 78 75 Interest 56 50 45 41 37 34 30 26 22 18 Multilateral creditors Disbursements 78 7 1 57 46 36 20 14 6 4 2 Principal 137 125 114 99 99 96 88 86 82 76 Interest 69 64 60 55 5 1 46 40 35 29 24 Private creditors Disbursements 0 0 0 0 0 0 0 0 0 0 Principal 108 ill 41 238 38 3 1 263 10 10 9 Interest 66 59 54 52 30 27 15 4 3 2 Commercial banks Disbursements 0 0 0 0 0 0 0 0 0 0 Principal 33 33 30 27 27 21 4 1 1 0 Interest 1 1 9 7 5 3 1 0 0 0 0 Other private Disbursements 0 0 0 0 0 0 0 0 0 0 Principal 76 78 1 1 211 10 9 259 9 9 9 Interest 56 5 1 48 47 27 26 1 5 3 3 2 306 JORDAN (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 1 . SUMINIARN' DEB r DATA TOTAL DEBT STOCKS (EDT) 1,971 8,177 7,817 7,609 7,708 8,114 8,073 8,175 8,485 Long-term debt (LDOD) 120 1,486 7,043 6,922 6,770 6,883 7,073 7,136 6,999 7,421 Public and publicly guaranteed 120 1,486 7,043 6,922 6,770 6,883 7,023 7,091 6,960 7,388 Private nonguaranteed 0 0 0 0 0 0 50 45 39 34 Use of IMF credit 0 0 94 112 81 144 252 340 427 469 Short-term debt 485 1,040 783 757 681 790 597 748 594 of which interest arrears on LDOD 5 110 143 53 60 72 81 87 81 Official creditors 5 34 49 46 56 68 80 87 81 Private creditors 0 77 95 7 4 4 1 1 0 Memo: principal arrears on LDOD 22 549 856 151 187 223 298 304 287 Official creditors .. 22 54 120 150 186 222 252 277 281 Private creditors ..0 495 736 1 1 2 46 27 7 Memo: export credits 0 2,366 1,971 1,917 2,040 1,330 1,304 2,675 1,664 TOTAL DEBT FLOWS Disbursements 15 369 691 463 261 307 798 923 841 480 Long-term debt 1 5 369 691 431 245 213 683 804 708 448 IMF purchases 0 0 0 31 16 94 115 119 133 32 Principal repayments 3 104 251 386 347 320 339 593 503 418 Long-term debt 3 104 241 376 301 283 330 570 481 409 IMlFrepurchases 0 0 10 10 46 37 8 22 22 9 Net flows on debt 12 462 606 -1,061 -23 -97 557 129 484 -87 of which short-term debt 196 165 -1,138 64 -84 97 -202 145 -149 Interest payments (INT) 107 374 325 255 245 276 426 404 481 Long-term debt 2 79 307 278 206 200 223 379 352 427 vIF charges 0 0 9 8 6 5 10 12 17 21 Short-term debt .. 28 58 39 43 40 43 35 35 34 Net transfers on debt .. 355 232 -1,386 -278 -341 281 -297 79 -568 Total debt service paid (TDS) -. 210 625 710 602 564 614 1,018 907 899 Long-term debt 5 182 548 653 507 483 553 949 833 835 IMFrepurchases and charges 0 0 19 18 53 42 18 34 39 30 Short-term debt (interest only) .. 28 58 39 43 40 43 35 35 34 2. AGGREGArE NET RESiOLRCE FLOWS AND NEr TRANSFERS (LONG-TERIN NET RESOURCE F'LOWS 53 1,427 1,161 208 -17 239 597 441 954 633 Net flow of long-term debt (ex. IMF 12 266 450 56 -56 -70 353 234 228 39 Foreign direct investment (net) 0 34 38 41 -34 3 13 16 361 310 Portfolio equity flows 0 0 0 0 0 0 11 25 70 11 Grants (excluding technical coop.) 41 1,127 672 112 73 306 219 167 295 272 Memo: technical coop. grants 31 25 68 123 129 130 159 145 68 62 official net resource flows 49 1,399 907 299 125 415 725 559 554 425 private net resource flows 4 28 254 -91 -141 -177 -128 -119 400 207 NET TRANSFERS 51 1,348 853 -70 -223 39 374 62 602 206 Interest on long-term debt 2 79 307 278 206 200 223 379 352 427 Profit remiittances on FDI 1 0 0 0 0 0 0 0 0 0 Memo: official net transfers 48 1,357 784 176 -1 305 594 274 277 76 private net transfers 3 -9 69 -245 -221 -266 -220 -212 325 130 3. MAJOR ECONOrNI1C AGGREGATES Gross national product (GNP) 658 4,074 3,659 4,929 5,355 5,862 6,341 4,781 5,232 5,776 Exports of goods & services (XGS) .. 1,870 3,079 3,623 3,961 4,150 4,839 5,319 5,476 5,485 of which work-ers remiittances 1 5 595 500 843 1,040 1,093 1,244 1,544 1,655 1,543 lImports of goods & services (MGS) .. 2,476 4,036 4,784 4,903 4,783 5,296 5,829 5,643 5,645 Intemnational reserves (RES) 258 1,745 1,139 1,030 1,946 1,997 2,279 2,055 2,436 1,988 Current account balance -17 280 -411 -837 -644 -400 -257 -222 29 9 4. DEBT INDICATORS EDT /XGS (% . 105.4 265.6 215.7 192.1 185.7 167.7 151.8 149.3 154.7 EDT /GNP(% . 48.4 223.5 158.6 142.1 131.5 128.0 168.9 156.2 146.9 TDS /XGS(% . 11.2 20.3 19.6 15.2 13.6 12.7 19.1 16.6 16.4 INT / XGS (%) .. 5.7 12.2 9.0 6.4 5.9 5.7 8.0 7.4 8.8 INT /GNP(% . 2.6 10.2 6.6 4.8 4.2 4.4 8.9 7.7 8.3 RES / EDT (% . 88.5 13.9 13.2 25.6 25.9 28.1 25.5 29.8 23.4 RES / MGS (months) .. 8.5 3.4 2.6 4.8 5.0 5.2 4.2 5.2 4.2 Short-termn/ EDT (%) .. 24.6 12.7 10.0 10.0 8.8 9.7 7.4 9.2 7.0 Concessional /EDT (%) .. 41.6 31.0 34.4 38.7 39.8 42.1 43.6 42.5 45.2 Multilateral /EDT (%) .. 8.1 10.8 11.5 12.6 13.2 14.9 17.2 17.9 19.6 307 JORDAN (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 5. LONG-TERMv DEBT DEBT OUTSTANDING (LDOD) 120 1,486 7,043 6,922 6,770 6,883 7,073 7,136 6,999 7,421 Public and publicly guaranteed 120 1,486 7,043 6,922 6,770 6,883 7,023 7,091 6,960 7,388 Official creditors 109 1,210 3,603 4,000 4,276 4,619 5,102 5,417 5,437 6,023 Multilateral 9 159 887 900 959 1,016 1,209 1,385 1,464 1,658 Concessional 9 113 209 217 237 244 278 370 434 504 Bilateral 100 1,052 2,716 3,100 3,317 3,603 3,893 4,032 3,973 4,365 Concessional 100 707 2,328 2,469 2,706 2,822 3,139 3,151 3,037 3,327 Private creditors 10 276 3,440 2,922 2,494 2.265 1,921 1,674 1,523 1,365 Bonds 0 0 263 191 824 824 801 796 886 875 Commnercial banks 0 206 1,604 1,509 587 465 337 217 116 58 Other private 1 0 70 1,573 1,223 1,084 976 782 662 521 432 Private nonguaranteed 0 0 0 0 0 0 50 45 39 34 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 50 45 39 34 Memo: IBRD 0 26 516 569 592 635 736 777 749 745 IDA 9 76 77 75 73 7 1 69 67 65 62 DISBURSEMENTS 15 369 691 431 245 213 683 804 708 448 Public and publicly guaranteed 15 369 691 431 245 213 633 804 708 448 Official creditors 10 326 377 374 205 213 633 804 608 448 Multilateral 0 54 142 143 148 102 282 358 269 264 Concessional 0 1 8 10 1 2 36 24 53 116 90 87 Bilateral 10 272 235 231 57 ill 351 447 339 184 Concessional 10 106 224 230 57 ill 336 402 319 184 Private creditors 5 44 315 57 41 0 0 0 100 0 Bonds 0 0 0 0 15 0 0 0 100 0 Commercial banks 0 15 73 0 0 0 0 0 0 0 Other private 5 29 241 57 26 0 0 0 0 0 Private nonguaranteed 0 0 0 0 0 0 50 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commnercial banks 0 0 0 0 0 0 50 0 0 0 Memo: IBRD 0 22 123 128 69 58 158 169 94 36 IDA 0 9 0 0 0 0 0 0 0 0 PRINCIPAL REPAYMENTS 3 104 241 376 301 283 330 570 481 409 Public and publicly guaranteed 3 104 241 376 301 283 325 565 475 403 Official creditors 2 54 142 186 153 103 128 411 349 295 Multilateral 0 1 94 92 94 98 117 122 116 113 Concessional 0 1 12 16 16 19 21 22 23 22 Bilateral 2 53 48 95 58 6 1 1 289 234 182 Concessional 2 23 33 8 6 2 6 279 208 143 Private creditors 0 50 99 189 148 180 197 153 126 108 Bonds 0 0 0 4 0 0 0 5 10 10 Commercial banks 0 46 69 90 86 131 135 117 98 58 Other private 0 4 30 96 63 48 62 32 1 8 40 Private nonguaranteed 0 0 0 0 0 0 6 6 6 6 Bonds 0 0 0 0 0 0 0 0 0 0 Comnmercial banks 0 0 0 0 0 0 6 6 6 6 Memo: IBRD 0 0 52 54 57 57 77 78 69 64 IDA 0 0 1 1 2 2 2 2 2 2 NET FLOWS ON DEBT 12 266 450 56 -56 -70 353 234 228 39 Public and publicly guaranteed 12 266 450 56 -56 -70 309 239 233 45 Official creditors 8 272 235 188 52 110 505 393 259 153 Multilateral 0 52 48 5 1 53 4 165 235 154 152 Concessional 0 17 -3 -4 20 4 32 94 67 65 Bilateral 7 220 187 137 -1 106 340 157 105 1 Concessional 7 83 191 222 5 1 109 330 123 ill 40 Private creditors 4 -6 216 -132 -108 -180 -197 -153 -26 -108 Bonds 0 0 0 -4 15 0 0 -5 90 -10 Commercial banks 0 -31 4 -90 -86 -131 -135 -117 -98 -58 Other private 4 25 211 -39 -37 -48 -62 -32 -18 -40 Private nonguaranteed 0 0 0 0 0 0 45 -6 -6 -6 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 45 -6 -6 -6 Memo: IBRD 0 22 7 1 74 12 2 81 91 25 -27 IDA 0 9 -1 -1 -2 -2 -2 -2 -2 -2 308 JORDAN (US mllon unes ohewis idiatd) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 INTEREST PAYMENTS (LINT) 2 79 307 278 206 200 223 379 352 427 Public and publicly guaranteed 2 79 307 278 206 200 220 376 350 424 Official creditors 1 43 123 124 126 110 130 286 277 349 Multilateral 0 5 54 55 57 60 64 67 70 77 Concessional 0 3 6 6 6 6 6 9 14 18 Bilateral 1 38 69 69 69 50 66 219 208 273 Concessional 1 13 57 23 38 28 45 171 160 239 Private creditors 1 36 184 154 80 90 89 9 1 72 75 Bonds 0 0 iS5 4 2 3 1 4 1 40 39 5 1 Commiercial banks 0 32 67 80 40 34 32 23 1 5 8 Odier private 1 4 103 69 38 25 17 28 1 8 17 Private nonguaranteed 0 0 0 0 0 0 3 332 Bonds 0 0 0 0 0 00000 Cominercial banks 0 0 0 0 0 0 3 332 Memo: 4 84 74 IBRD 0 1 37 41 43 4 84 74 IDA 0 1 1 1 1 11111 NET TRANSFERS ON DEBT 10 187 143 -222 -261 -270 131 -145 -125 -388 Public and publicly guaranteed 10 187 143 -222 -261 -270 89 -137 -116 -380 Official creditors 6 229 112 64 -74 -1 375 107 -18 -196 Multilateral 0 47 -6 -4 -3 -56 102 169 84 75 Concessional 0 14 -9 -10 14 -2 26 85 54 47 Bilateral 6 182 118 68 -70 55 274 -62 -103 -272 Concessional 6 7 1 134 199 1 3 82 285 -48 -49 -199 Private creditors 4 -42 3 1 -286 -188 -269 -286 -244 -98 -183 Bonds 0 0 -15 -8 1 3 -31 -41 -45 5 1 -61 Commercial banks 0 -63 -63 -170 -126 -166 -166 -139 -113 -65 Other private 4 20 109 -108 -75 -73 -79 -60 -36 -57 Private nonguaranteed 0 0 0 0 0 0 42 -9 -8 -8 Bonds 0 0 0 0 0 00000 Commercial banks 0 0 0 0 0 0 42 -9 -8 -8 Memo: 4334 2-7 IBRD 0 22 33 33 -31-4333-2-7 IDA 0 8 -2 -2 -2 -2-33-33 DEBT SERVICE (LTDS) 5 182 548 653 507 483 553 949 833 835 Public and publicly guaranteed 5 182 548 653 507 483 544 941 825 828 Official creditors 4 97 265 310 279 213 258 697 627 644 Multilateral 0 6 148 147 151 158 181 189 185 189 Concessional 0 4 18 22 22 26 27 3 1 37 40 Bilateral 4 90 117 163 127 56 77 508 441 455 Concessional 4 36 90 3 1 44 30 52 450 368 383 Private creditorS 1 86 283 343 228 269 286 244 198 183 Bonds 0 0 15 8 2 3 1 4 1 45 49 6 1 Commercial banks 0 78 136 170 126 166 166 139 113 65 Other private 1 8 133 165 100 73 79 60 36 57 Private nonguaranteed 0 0 0 0 0 0 9988 Bonds 0 0 0 0 0 00000 Conimercial banks 0 0 0 0 0 0 9988 Memo:10 121211 0 IBRD 0 1 89 94 101 1032 2 11 11 EDA 0 1 2 2 2 23333 UNDISBURSED DEBT 74 1,354 1,462 1,012 1,035 1,222 1,826 1,456 989 1,035 Official creditors 62 1,136 1,111 717 771 1,222 1,826 1,456 989 1,035 Private creditors 12 217 351 295 263 0 0 0 0 0 Memorandum items Concessional LDOD 109 819 2,537 2,686 2,943 3,066 3,417 3,521 3,471 3,831 Variable rate LDOD 0 200 2,501 2,292 1,994 1,972 2,094 2,124 2,126 2,136 Public sector LDOD 118 1,485 7,043 6,922 6,770 6,883 7,023 7,072 6,939 7,354 Private Rector LDOD I 1 0 0 0 0 50 64 61 68 6. CUIRRENCY COMPOSITION OF LONG-TERMT DEBT IPERCENTI Deutsche mark 8.7 10.6 7.9 8.3 7.2 7.7 7.6 6.9 6.3 6.9 French franc 2.7 2.0 3.5 7.9 7.5 8.7 9.9 9.2 8.5 9.2 Japanese yen 0.0 1.1 6.0 15.7 18.3 21.6 24.1 22.3 21.6 23.0 Pound sterling 32.5 6.4 8.0 7.6 7.1 6.7 6.7 7.5 7.2 6.4 Swiss franc 0.0 0.0 0.8 0.7 0.4 0.4 0.5 0.4 0.4 0.4 U.S.dollars 31.0 59.6 44.4 39.7 40.4 35.0 28.9 29.5 30.4 30.4 Multiple currency 0.0 4.4 8.4 9.5 10.1 10.6 11.8 12.3 12.0 8.9 Special drawing rights 0.0 0.0 2.8 0.2 0.1 0.3 0.5 0.5 0.7 0.8 All other currenncies 25.1 15.9 18.2 10.4 8.9 9.0 10.0 11.4 12.9 14.0 309 JORDAN (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 7. DEBT REsrRU'CTURINGS Totalarnount rescheduled 350 588 1,163 337 367 388 224 211 Debt stock rescheduled 0 0 193 0 0 0 0 0 Principal rescheduled 350 433 722 218 269 329 176 147 Official 193 112 88 95 118 105 89 87 Private ..157 322 634 122 152 224 87 60 Interest rescheduled 0 145 249 119 97 60 48 64 Official ..0 41 33 67 53 27 23 47 Private 0 104 215 52 45 33 25 17 Debt forgiven 0 0 184 297 323 11 34 0 Memo: interest forgiven 0 0 0 0 0 0 0 0 Debt stock reduction ..0 530 97 0 0 0 0 0 of which debt buyback 0 0 0 0 0 0 0 0 S. DEBT STOCK-FLOW RECONCiLIArION Total change in debt stocks 1,021 -1,733 -209 100 406 -42 102 310 Net flows on debt 12 462 606 -1,061 -23 -97 557 129 484 -87 Net change in intercst arrears 7 1 -76 -90 7 12 9 6 -6 Interest capitalized 0 145 249 119 97 60 48 64 Debt forgiveness or reduction ..0 -530 -281 -297 -323 -11 -34 0 Cross-currency valuation .. 373 -233 62 376 75 -291 -413 348 Residual .. -28 22 -126 -8 -13 63 12 -9 9. AVERAGE TERMIS OIF NEW CONMMITMENTS ALL CREDITORS Interest (%) 3.7 7.3 4.6 4.1 6.2 4.8 4.7 5.1 5.5 4.0 Maturity (years) 23.5 15.4 19.9 18.4 19.2 22.2 22.1 19.4 15.2 20.4 Grace period (years) 5.0 4.0 6.5 5.8 5.4 6.7 8.5 5.7 6.0 5.8 Grant clement (%) 42.6 16.5 38.5 37.7 23.0 36.9 38.4 32.2 27.8 40.1 Official creditors Interest (%) 2.6 7.3 4.0 2.8 6.4 4.8 4.7 5.1 4.6 4.0 Maturity (years) 31.4 16.0 21.8 22.2 19.7 22.2 22.1 19.4 20.6 20.4 Grace period (years) 6.4 4.3 7.3 7.0 5.5 6.7 8.5 5.7 6.4 5.8 Grant element (%) 56.7 17.2 43.9 50.0 23.2 36.9 38.4 32.2 37.0 40.1 Private creditors Interest (%) 6.2 7.2 8.9 6.9 5.0 0.0 0.0 0.0 7.3 0.0 Maturity (years) 5.5 11.5 7.0 10.3 15.7 0.0 0.0 0.0 5.0 0.0 Grace period (years) 1.9 2.4 1.0 3.3 4.7 0.0 0.0 0.0 5.0 0.0 Grant element (%) 10.4 12.0 2.8 11.4 21.4 0.0 0.0 0.0 10.2 0.0 Memorandum itemis Conimitsments 36 759 739 180 301 638 1,225 486 293 473 Official creditors 25 653 642 123 260 638 1,225 486 193 473 Private creditors 11 106 97 57 41 0 0 0 100 0 10. CONTRACTUAL OBLIGATIONS ON OUTSTANDING LONG-TERMI DEBT 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 TOTAL Disbursements 261 253 177 117 72 42 24 10 6 0 Principal 427 427 483 584 482 484 479 463 435 345 Interest 330 339 324 305 276 253 230 207 185 165 OMfcial creditors Disbursements 261 253 177 117 72 42 24 10 6 0 Principal 337 357 419 425 425 427 428 419 398 333 Interest 249 258 248 233 215 196 176 156 137 119 Bilateral creditors Disbursements 90 72 45 26 13 6 3 1 0 0 Principal 199 213 262 252 259 261 268 267 264 206 Interest 152 161 152 140 129 118 107 95 83 73 Multilateral creditors Disbursements 171 181 132 91 59 36 21 10 6 0 Principal 138 143 157 173 166 165 160 153 134 127 Interest 97 98 97 93 86 78 70 61 53 47 Private creditors Disbursemnents 0 0 0 0 0 0 0 0 0 0 Principal 90 70 63 159 57 58 5 1 44 37 12 Interest 8 1 80 76 72 61 57 54 5 1 48 46 Commercial banks Disbursements 0 0 0 0 0 0 0 0 0 0 Principal 39 19 0 0 0 0 0 0 0 0 Interest 4 1 0 0 0 0 0 0 0 0 Other private Disbursements 0 0 0 0 0 0 0 0 0 0 Principal 52 5 1 63 159 57 58 5 1 44 37 12 Interest 77 80 76 72 6 1 57 54 5 1 48 46 310 KAZAKHSTAN (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 I. SUINIMARY DEBT DATA TOTAL DEBT STOCKS (EDT) 35 1,728 2,790 3,750 2,922 4,078 5,714 Long-term debt (LDOD) 26 1,621 2,268 2,937 2,149 3,218 4,609 Public and publicly guaranteed 26 1,621 2,227 2,834 1,947 2,622 3,040 Private nonguaranteed 0 0 41 103 203 596 1,569 Use of IMF credit 0 85 289 432 552 511 653 Short-term debt 9 22 232 381 221 349 452 of which interest arrears on LDOD 0 22 105 162 0 0 76 Official creditors 0 1 80 162 0 0 0 Private creditors 0 21 25 0 0 0 76 Memo: principal arrears on LDOD 0 0 0 0 0 0 109 Official creditors 0 0 0 0 0 0 0 Private creditors 0 0 0 0 0 0 109 Memo: export credits 9 1 330 773 1,119 1,203 1,176 1,334 TOTAL DEBT FLOWS Disbursements 27 428 806 881 922 1,487 1,882 Long-term debt .. 27 341 611 740 787 1,487 1,672 IMF purchases ..0 86 195 141 135 0 210 Principal repayments . . 0 0 23 105 192 273 603 Long-term debt .. 0 0 23 105 192 267 508 vIMF repurchases ..0 0 0 0 0 6 95 Net flows on debt ..36 418 910 868 732 1,342 1,307 of which short-termn debt .. 9 -9 127 93 2 128 28 Interest payments (INT) .. . . 0 9 46 130 131 210 282 Long-term debt .. . . 0 8 32 102 98 170 240 IMF charges .. . . 0 1 9 1 8 22 24 23 Short-term debt .. . . 0 1 5 10 10 1 6 20 Net transfers on debt .. . . 36 409 864 739 601 1,132 1,024 Total debt service paid (TDS) .. . . 0 10 68 235 322 483 885 Long-term debt ...0 8 55 207 290 437 747 IM~F repurchases and charges ..0 1 9 1 8 22 3 1 118 Short-term debt (interest only) ..0 1 5 10 10 1 6 20 2. AGGREGATE NET RESOUiRCE FLOWS AND NET TRANSFERS iLONG-TERNIi NET RESOURCE FLOWS .. . . 129 502 799 1,610 1,776 2,638 2,337 Net flow of long-term debt (ex. IMF) .. . . 27 341 588 635 596 1,220 1,164 Foreign direct investment (net) .. . . 100 150 185 964 1,137 1,321 1,158 Portfolio equity flows .. . . 0 0 0 0 0 50 0 Grants (excluding technical coop.) ... 3 1 1 26 1 1 44 46 1 5 Memo: technical coop. grants .. . . 6 3 17 47 66 39 90 official net resource flows .. .. 1 3 181 468 405 377 480 353 private net resource flows .. . . 117 321 331 1,205 1,399 2,158 1,983 NET TRANSFERS .. - . 129 494 767 1,508 1,678 2,468 2,097 Interest on long-term debt .. . . 0 8 32 102 98 170 240 Profit remittances on FDI . . 0 0 0 0 0 0 0 Memo: official net transfers ..13 178 453 346 315 392 252 private net transfers ..117 317 315 1,162 1,363 2,076 1,845 3. NMAJOR ECONONUIC AGGREGATES Gross national product (GNP) .. . . 26,795 25,694 19,768 19,874 20,890 21,946 21,669 Exports of goods & services (XGS) .. . . 5,758 4,248 4,246 5,751 7,033 7,833 6,830 of which workers remittances .. . . 0 0 0 7 10 18 0 Imports of goods & services (MGS) .. . . 6,037 5,019 5,519 6,321 7,822 8,684 8,109 Intemnational r-eserves (RES) . ... .. 711 1,216 1,660 1,961 2,223 1,965 Current account balance .. . . -111 -456 -1,172 -518 -750 -794 -1,201 4. DEBT INDICATORS EDT /XGS (% . . . 0.6 40.7 65.7 65.2 41.6 52.1 83.7 EDT /GNP(% .. . 0.1 6.7 14.1 18.9 14.0 18.6 26.4 TDS /XGS% .. . . 0.0 0.2 1.6 4.1 4.6 6.2 13.0 INT /XGS(% .. . 0.0 0.2 1.1 2.3 1.9 2.7 4.1 INT /GNP% .. . . 0.0 0.0 0.2 0.7 0.6 1.0 1.3 RES /EDT(% .... .. 41.2 43.6 44.3 67.1 54.5 34.4 RES /MGS (months) .... .. 1.7 2.6 3.2 3.0 3.1 2.9 Short-term /EDT (%) .. . . 26.3 1.3 8.3 10.2 7.6 8.6 7.9 Concessional / EDT (%) .. . . 0.0 0.0 0.1 2.7 4.4 3.9 4.6 Multilateral /EDT (%) .. . . 0.0 1.5 7.8 10.4 20.0 20.2 21.6 311 KAZAKHSTAN (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 5. LONG-TERNI DEBT DEBT OUTSTANDING (LDOD) 26 1,621 2,268 2,937 2,149 3,218 4,609 Public and publicly guaranteed 26 1,621 2,227 2,834 1,947 2,622 3,040 Official creditors 10 1,423 1,893 2,293 1,291 1,612 2,049 Multilateral 0 26 217 392 586 824 1,232 Concessional 0 0 0 0 6 22 45 Bilateral 10 1,397 1,675 1,901 705 788 817 Concessional 0 0 2 100 122 135 218 Private creditors 16 198 334 541 656 1,009 991 Bonds 0 0 0 0 200 550 550 Commercial banks 0 0 0 17 17 114 148 Other private 16 198 334 523 438 346 293 Private nonguaranteed 0 0 41 103 203 596 1,569 Bonds 0 0 0 0 0 0 100 Commercial banks 0 0 41 103 203 596 1,469 Memo: IBRD 0 0 187 295 490 648 899 IDA 0 0 0 0 0 0 0 DISBURSEMENTS 27 341 611 740 787 1,487 1,672 Public and publicly guaranteed 27 341 591 671 639 991 484 Official creditors 10 170 454 421 408 491 441 Multilateral 0 27 184 171 257 284 364 Concessional 0 0 0 0 6 17 21 Bilateral 10 143 269 250 151 208 77 Concessional 0 0 2 108 36 29 60 Private creditors 1 7 171 137 249 232 500 43 Bonds 0 0 0 0 200 350 0 Commercial banks 0 0 0 17 0 105 42 Other private 17 171 137 232 32 46 1 Private nonguaranteed 0 0 20 69 148 496 1,187 Bonds 0 0 0 0 0 0 100 Commercial banks 0 0 20 69 148 496 1,087 Memo: IBRD 0 0 182 107 225 202 211 IDA 0 0 0 0 0 0 0 PRINCIPAL REPAYMENTS 0 0 23 105 192 267 508 Public and publicly guaranteed 0 0 18 95 151 152 189 Official creditors 0 0 1 2 27 74 57 103 Multilateral 0 0 0 0 32 0 0 Concessional 0 0 0 0 0 0 0 Bilateral 0 0 1 2 27 43 57 103 Concessional 0 0 0 0 1 1 1 PriVate creditors 0 0 6 68 77 94 87 Bonds 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 8 13 Other private 0 0 6 68 77 87 74 Private nonguaranteed 0 0 5 11 41 115 319 Bonds 0 0 0 0 0 0 0 Comimercial banks 0 0 5 1 1 41 115 319 Memo: IBRD 0 0 0 0 0 0 0 IDA 0 0 0 0 0 0 0 NET FLOWS ON DEBT 27 341 588 635 596 1,220 1,164 Public and publicly guaranteed 27 341 573 576 488 840 295 Official creditors 10 170 442 395 334 434 339 Multilateral 0 27 184 171 226 284 364 Concessional 0 0 0 0 6 17 21 Bilateral 10 143 258 223 108 151 -26 Concessional 0 0 2 108 35 29 60 Private creditors 1 7 171 131 182 155 406 -43 Bonds 0 0 0 0 200 350 0 Comimercial banks 0 0 0 17 0 97 30 Other private 1 7 171 131 164 -45 -41 -73 Private nonguaranteed 0 0 15 59 107 380 869 Bonds 0 0 0 0 0 0 100 Commercial banks 0 0 15 59 107 380 769 Memo: IBRD 0 0 182 107 225 202 211 IDA 0 0 0 0 0 0 0 312 KAZAKHSTAN (US mllon unes ohewis idiatd) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 INTEREST PAYMENTS (LINT) ..0 8 32 102 98 170 240 Public and publicly guaranteed 0 8 30 100 95 164 205 Official creditors ..0 4 16 59 63 88 101 Multilateral ..0 0 7 15 3 1 43 58 Concessional ..0 0 0 0 0 0 0 Bilateral ..0 4 9 44 32 46 43 Concessional ..0 0 0 2 7 5 6 Private creditors 0 4 14 41 32 76 104 Bonds 0 0 0 0 0 22 48 Comimercial banks 0 0 0 0 1 15 8 Other private 0 4 14 4 1 3 1 39 49 Private nonguaranteed 0 0 3 1 4 6 34 Bonds 0 0 0 0 0 0 0 Commercial banks ...0 0 3 1 4 6 34 Memo: IBRD 0 0 7 14 24 34 44 IDA 0 0 0 0 0 0 0 NET TRANSFERS ON DEBT 27 334 556 533 497 1,050 925 Public and publicly guaranteed 27 334 543 476 394 676 90 Official creditors 10 167 426 335 271 346 238 Multilateral 0 27 177 156 195 241 306 Concessional 0 0 0 0 6 1 7 20 Bilateral ... 10 140 249 180 76 105 -69 Concessional 0 0 2 105 28 24 54 Private creditors 16 167 117 141 123 330 -148 Bonds 0 0 0 0 200 328 -48 Commercial banks 0 0 0 17 -1 83 22 Other private 1 6 167 117 123 -76 -81 -122 Private nonguaranteed 0 0 13 57 104 374 835 Bonds 0 0 0 0 0 0 100 Commercial banks ..0 0 1 3 57 104 374 735 Memo: IBRD ..0 0 175 93 201 167 167 IDA ..0 0 0 0 0 0 0 DEBT SERVICE (LTDS) ..0 8 55 207 290 437 747 Pubtic and publicly guaranteed ..0 8 47 195 246 316 394 Official creditors 0 4 27 86 137 145 204 Multilateral ..0 0 7 15 62 43 58 Concessional ..0 0 0 0 0 0 0 Bilateral 0 4 2 1 7 1 75 103 146 Concessional ..0 0 0 2 8 5 6 Private creditors 0 4 20 109 109 170 191 Bonds 0 0 0 0 0 22 48 Comimercial banks ..0 0 0 0 1 22 21 Other private 0 4 20 109 108 126 123 Private nonguaranteed 0 0 8 12 44 121 353 Bonds 0 0 0 0 0 0 0 Commercial banks 0 0 8 12 44 121 353 Memo: IBRD 0 0 7 14 24 34 44 IDA 0 0 0 0 0 0 0 UNDISBURSED DEBT ... . 374 728 604 848 1,070 1,082 1,187 Official creditors . 274 414 346 784 977 1,003 1,114 Private creditors 100 314 257 64 93 79 72 Memorandum items Concessional LDOD . 0 0 2 100 128 157 264 Variable rate LDOD ... . 26 1,596 2,077 2,520 1,481 2,196 3,453 Public sector LDOD . .. 26 1,621 2,227 2,834 1,947 2,622 3,035 Private sector LDOD . .. 0 0 41 103 203 596 1,574 6. UtRRE~NCY CONIPUSI-I ION OF LONG-TERM DEB I IPERCENrUI Deutsche mark . .. 99.8 18.7 22.6 21.6 28.0 17.3 13.3 French franc . .. 0.0 0.0 0.4 0.4 0.3 0.6 0.5 Japanese yen ... . 0.0 0.0 3.9 8.9 15.1 11.1 13.2 Pound sterling . .. 0.0 0.0 0.0 0.0 0.0 0.0 0.2 Swiss franc . .. 0.0 0.0 0.2 0.0 0.0 0.0 0.1 U.S.dollars ... . 0.0 2.1 5.7 6.9 23.4 44.2 47.1 Multiple currency ... . 0.0 0.0 8.4 11.8 27.5 24.0 23.4 Special drawing rights . .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 All other currencies . .. 0.2 79.2 58.8 50.4 5.7 2.8 2.2 313 KAZAKHSTAN (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 7. DEBT RES'FRL[CTUTRINGS Total amount rescheduled 0 1,250 0 0 0 0 0 Debt stock rescheduled 0 0 0 0 0 0 0 Principal rescheduled 0 0 0 0 0 0 0 Official 0 0 0 0 0 0 0 Private 0 0 0 0 0 0 0 Interest rescheduled 0 0 0 0 0 0 Official 0 0 0 0 0 0 0 Private ..0 0 0 0 0 0 0 Debt forgiven ..0 0 0 0 0 0 0 Memo: interest forgiven ...0 0 0 0 0 0 0 Debt stock reduction ..0 0 0 0 0 0 0 of which debt buyback 0 0 0 0 0 0 0 8. DEBT STOCK-FLOW RECONCILIATION Total change in debt stocks ..1,693 1,062 961 -828 1,156 1,636 Net flows on debt ... 36 418 910 868 732 1,342 1,307 Net change in interest ar-rears ... . 22 84 56 -162 0 76 Interest capitalized 0 0 0 0 0 0 Debt forgiveness or reduction 0 0 0 0 0 0 Cross-currency valuation ... .-873 -731 -212 -116 -147 126 Residual 2,126 799 248 -1,283 -39 128 9. AVERAGE TERMS OF NEW~ COMMITMENTS ALL CREDITORS Interest (%) ... . 8.0 6.3 5.6 5.5 7.1 6.4 6.3 Maturity (years) ... . 10.3 10.2 13.3 13.3 13.4 13.6 19.6 Grace period (years) ... . 4.0 3.3 5.0 4.3 4.1 5.6 5.1 Grant element (%) ... . 7.2 13.9 22.4 22.3 15.1 21.9 23.3 Official creditors Interest (%) ... . 8.4 6.9 5.6 5.5 6.5 5.4 6.2 Maturity (years) ... . 11.0 13.4 14.0 14.2 17.4 20.6 20.3 Grace period (years) ... . 4.4 4.5 5.3 4.5 4.7 6.5 5.4 Grant element (%) ... . 5.1 13.5 23.5 23.7 19.9 32.4 24.5 Private creditors Interest (%) ... . 7.1 5.8 6.1 6.4 8.8 7.6 8.0 Maturity (years) ... . 8.6 7.7 6.6 5.7 3.7 5.8 9.3 Grace period (years) ... . 2.9 2.4 2.1 2.3 2.7 4.6 2.1 Grant element (%) ... . 12.5 14.2 12.2 10.0 3.5 10.1 6.9 Memorandum items Commitments ... . 414 740 414 982 903 1,056 559 Official creditors ... . 295 323 374 880 639 557 521 Private creditors ... . 120 417 40 101 264 499 38 10. CONTRACTL'AL OBLIGA'TIONS ON OUTST..l.NDING L.ONG-T]ERM% DEBTr 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 TOTAL Disbursements 499 339 130 90 52 36 21 10 7 3 Principal 866 539 693 790 389 344 277 227 202 168 Interest 276 248 214 187 142 125 109 96 84 73 Official creditors Disbursements 455 317 124 90 52 36 21 10 7 3 Principal 229 173 236 231 212 215 179 165 175 162 Interest 137 143 141 133 124 114 102 93 83 72 Bilateral creditors Disbursements 163 108 30 14 7 5 0 0 0 0 Principal 201 138 145 125 78 69 32 17 23 23 Interest 39 34 28 22 17 14 1 1 10 9 8 Multilateral creditors Disbursements 292 209 95 76 45 32 21 10 7 3 Principal 28 35 91 106 135 145 148 149 151 138 Interest 98 110 113 ill 107 100 92 83 74 64 Private creditors Disbursements 44 22 6 1 0 0 0 0 0 0 Principal 638 366 456 559 176 129 98 61 27 7 Interest 139 105 73 54 1 8 1 1 7 4 2 0 Commnercial banks Disbursements 39 18 5 0 0 0 0 0 0 0 Principal 29 30 80 12 10 10 10 9 9 7 Interest I11 10 6 3 3 2 2 1 1 0 Other private Disbursements 5 4 1 1 0 0 0 0 0 0 Principal 609 336 377 547 166 120 88 52 19 0 Interest 128 94 67 5 1 16 9 5 2 1 0 314 KENYA (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 1. SLrMNIARN'DEBT DATA TOTAL DEBT STOCKS (EDT) 3,387 7,058 6,898 7,111 7,202 7,412 6,931 6,603 7,010 Long-term debt (LDOD) 409 2,493 5,641 5,728 5,846 6,119 6,405 6,060 5,550 5,954 Public and publicly guaranteed 321 2,056 4,761 5,149 5,246 5,589 5,960 5,685 5,225 5,629 Private nonguaranteed 88 437 880 579 600 530 445 375 325 325 Use of IMF credit 0 254 482 393 363 405 374 337 250 197 Short-term debt 640 934 777 903 679 634 534 803 859 of which interest arrears on LDOD 2 95 189 242 83 32 16 34 83 Official creditors 2 49 62 59 20 23 9 21 45 Private creditors 0 46 127 183 63 9 7 13 38 Memo: principal arrears on LDOD 3 72 263 410 9 6 29 121 219 Official creditors 0 22 72 97 9 2 17 46 108 Private creditors 3 50 192 313 0 4 12 75 III Memo: export credits 0 1,540 1,720 1,636 1,617 1,299 1,087 1,085 873 TOTAL DEBT FLOWS Disbursements 78 714 778 502 447 294 698 467 219 255 Long-term debt 78 620 642 502 415 262 698 431 219 255 IMF purchases 0 94 136 0 32 32 0 36 0 0 Principal repayments 33 205 458 410 366 552 600 567 449 380 Long-termn debt 29 195 352 327 304 538 561 506 381 318 RIMErepurchases 4 9 106 83 62 14 39 61 67 63 Net flowis on debt 114 718 615 114 154 -322 104 -185 21 -118 of which short-termndebt 209 294 21 73 -65 6 -84 251 7 Interest payments (INT) 229 333 260 265 329 301 277 221 165 Long-term debt 17 163 230 201 208 290 263 245 190 125 RIF charges 0 8 26 10 4 2 2 2 2 1 Short-term debt .. 58 78 49 53 38 36 30 30 39 Net transfers on debt .. 489 281 -147 -112 -652 -198 -462 -199 -283 Total debt service paid (TDS) .. 434 791 670 632 881 901 844 669 545 Long-term debt 46 359 582 528 513 827 824 752 571 442 IMF repurchases and charges 4 17 131 93 66 16 41 63 69 64 Short-termn debt (interest only) .. 58 78 49 53 38 36 30 30 39 2. AGGREGATE NET RESOURCE F'LOW%S.AND NET TRANSF-ERS (LONG-TERNII NET RESOURCE FLOWS 67 624 1,324 559 404 39 411 175 71 149 Net flow of long-term debt (ex. IMF) 49 424 290 175 ill -276 137 -76 -163 -63 Foreign direct investment (net) 14 79 57 6 2 4 32 13 20 11 Portfolio equity flows 0 0 0 0 0 0 0 43 12 4 Grants (excluding technical coop.) 3 121 977 378 292 311 242 196 202 197 Memo: technical coop. grants 27 128 208 281 259 191 220 192 179 150 official net resource flows 33 323 1,202 533 442 317 537 291 144 206 private net resource flows 33 301 122 26 -38 -278 -126 -116 -73 -57 NET TRANSFERS 0 311 961 233 79 -351 53 -170 -239 -76 Interest on long-term debt 17 163 230 201 208 290 263 245 190 125 Profit remittances on FDI 49 150 132 126 117 100 95 100 120 100 Memo: official net transfers 25 269 1,068 422 316 156 371 128 27 110 private net transfers -25 41 -107 -189 -237 -507 -318 -298 -266 -186 3. MLAJOR ECONONFIC AGGREGATES Gross national product (GNP) 1,545 7,039 8,089 7,614 4,560 6,758 8,687 8,965 10,325 11,394 Exports of goods & services (XGS) .. 2,061 2,233 2,152 2,329 2,675 2,974 3,041 3,000 2,892 of which workers remittances ..0 0 0 0 0 0 0 0 0 Imports of goods & ser-vices (MGS) .. 3,095 3,128 2,532 2,471 2,848 3,892 3,694 4,026 3,909 Intemnational reserves (RES) 220 539 236 80 437 588 384 776 811 783 Current account balance .. -876 -527 -180 71 98 -400 -73 -377 -363 4. DEBT INDICATORS EDT /XGS (% . 164.3 316.0 320.5 305.3 269.2 249.3 227.9 220.1 242.4 EDT /GNP(% . 48.1 87.3 90.6 155.9 106.6 85.3 77.3 64.0 61.5 TDS /XGS(% . 21.0 35.4 31.1 27.1 32.9 30.3 27.8 22.3 18.8 INT /XGS (% . 11.1 14.9 12.1 11.4 12.3 10.1 9.1 7.4 5.7 TNT /GNP(% . 3.3 4.1 3.4 5.8 4.9 3.5 3.1 2.1 1.4 RES /EDT(% . 15.9 3.4 1.2 6.1 8.2 5.2 11.2 12.3 11.2 RES /MGS (months) . 2.1 0.9 0.4 2.1 2.5 1.2 2.5 2.4 2.4 Short-term /EDT (%) .. 18.9 13.2 11.3 12.7 9.4 8.6 7.7 12.2 12.3 Concessional / EDT (% . 20.2 33.7 40.4 43.5 47.1 52.3 56.8 57.0 58.8 Multilateral /EDT (%) .. 18.7 35.3 36.4 36.8 38.4 39.4 42.5 43.2 42.8 315 KENYA (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 5. LONG-TERNI DEBT DEBT OUTSTANDING (LDOD) 409 2,493 5,641 5,728 5,846 6,119 6,405 6,060 5,550 5,954 Public and publicly guaranteed 321 2,056 4,761 5,149 5,246 5,589 5,960 5,685 5,225 5,629 Official creditors 237 1,206 3,714 3,960 4,149 4,853 5,252 5,106 4,745 5,076 Multilateral 38 634 2,492 2,514 2,615 2,762 2,919 2,943 2,855 2,999 Concessional 32 270 1,395 1,638 1,853 2,040 2,249 2,402 2,390 2,584 Bilateral 199 572 1,222 1,446 1,535 2,091 2,333 2,164 1,890 2,076 Concessional 138 414 985 1,149 1,237 1,355 1,630 1,536 1,372 1,539 Private creditors 84 849 1,047 1,190 1,096 736 708 578 480 554 Bonds 71 10 0 0 0 0 0 0 0 0 Commercial banks 1 394 924 1,028 956 653 607 500 445 472 Other private 12 445 124 162 141 83 101 79 35 82 Private nonguaranteed 88 437 880 579 600 530 445 375 325 325 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 88 437 880 579 600 530 445 375 325 325 Memo: IBRD 6 308 872 656 566 501 435 312 213 154 IDA 32 220 1,185 1,411 1,631 1,789 1,977 2,062 2,032 2,210 DISBURSEMENTS 78 620 642 502 415 262 698 431 219 255 Public and publicly guaranteed 37 533 587 442 350 262 698 431 219 255 Official creditors 36 233 405 329 329 256 566 359 171 218 Multilateral 10 154 297 132 239 160 220 197 142 142 Concessional 7 94 264 106 234 124 181 181 128 132 Bilateral 26 79 108 197 90 96 346 161 29 77 Concessional 20 66 106 123 76 74 346 108 29 35 Private creditors 1 300 182 113 22 6 132 72 48 36 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 215 119 66 17 5 72 72 48 14 Other private 1 85 63 47 5 0 60 0 0 22 Private nonguaranteed 41 87 55 60 65 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commnercial banks 41 87 55 60 65 0 0 0 0 0 Memo: IBRD 3 45 4 1 0 0 0 0 0 0 IDA 7 72 235 91 226 97 159 156 84 123 PRINCIPAL REPAYMENTS 29 195 352 327 304 538 561 506 381 318 Public and publicly guaranteed 17 108 315 267 254 468 476 436 331 318 Official creditors 6 31 180 173 178 251 271 263 229 209 Multilateral 1 13 127 133 140 151 150 135 127 124 Concessional 0 1 9 9 15 18 18 16 19 23 Bilateral 5 17 54 40 38 100 120 128 102 86 Concessional 3 5 25 24 24 50 51 52 40 41 Private creditors 12 77 135 93 76 217 205 173 103 108 Bonds 10 0 0 0 0 0 0 0 0 0 Commercial banks 0 25 115 78 56 169 161 150 88 82 Other private 1 53 20 16 20 48 45 23 1 5 27 Private nonguaranteed 12 88 37 60 50 70 85 70 50 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 12 88 37 60 50 70 85 70 50 0 Memo: IBRD 1 11 95 98 100 106 100 89 74 66 IDA 0 1 4 6 7 8 9 10 11 15 NET F'LOWS ON DEBT 49 424 290 175 ill -276 137 -76 -163 -63 Public and publicly guaranteed 20 425 272 175 96 -206 222 -6 -113 -63 Official creditors 30 202 225 155 150 5 295 95 -58 9 Multilateral 9 141 171 -2 98 10 70 62 15 18 Concessional 7 94 255 97 219 106 163 165 108 109 Bilateral 21 62 54 157 52 -4 225 33 -73 -9 Concessional 17 61 81 99 52 24 294 57 -11 -6 Private creditors -10 223 47 20 -55 -211 -73 -101 -55 -72 Bonds -10 0 0 0 0 0 0 0 0 0 Commnercial banks 0 190 4 -12 -39 -164 -89 -78 -40 -68 Other private 0 33 43 31 -15 -48 15 -23 -15 -5 Private nonguaranteed 30 -1 18 0 15 -70 -85 -70 -50 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 30 -1 18 0 15 -70 -85 -70 -50 0 Memo: IBRD 2 35 -92 -97 -100 -106 -100 -89 -74 -66 IDA 7 71 230 85 219 89 150 146 72 108 316 KEN-YA (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 INTEREST PAYMENTS (LINT) 17 163 230 201 208 290 263 245 190 125 Public and publicly guaranteed 13 124 \193 145 154 244 222 214 158 125 Official creditors 8 54 134 112 126 161 167 163 117 96 Multilateral 1 36 100 85 85 81 77 73 58 50 Concessional 0 1 9 11 14 16 17 17 18 18 Bilateral 8 18 34 26 42 80 89 90 59 46 Concessional 4 7 14 17 26 31 43 40 29 32 Private creditors 5 70 59 34 28 83 55 50 41 29 Bonds 4 1 0 0 0 0 0 0 0 0 Commercial banks 0 30 53 28 22 69 49 45 40 27 Other private 1 39 6 6 6 14 7 5 2 2 Private nonguaranteed 4 39 38 56 54 46 42 32 31 0 Bonds 0 0 0 0 0 0 0 0 0 0 Comimercial banks 4 39 38 56 54 46 42 32 31 0 Memo: IBRD 0 31 78 61 55 49 43 34 23 17 IDA 0 1 7 10 11 13 14 15 15 15 NET TRANSFERS ON DEBT 32 261 60 -26 -97 -565 -127 -321 -352 -188 Public and publicly guaranteed 7 301 79 30 -59 -450 0 -219 -271 -188 Official creditors 21 149 91 44 24 -155 129 -68 -175 -87 Multilateral 8 105 71 -87 14 -71 -7 -11 -43 -32 Concessional 7 92 247 86 205 90 147 147 90 92 Bilateral 13 44 21 131 11 -84 136 -57 -132 -54 Concessional 13 53 66 82 26 -7 252 17 -40 -38 Private creditors -15 152 -12 -14 -83 -294 -129 -151 -96 -101 Bonds -14 -1 0 0 0 0 0 0 0 0 Commercial banks 0 160 -49 -40 -61 -233 -137 -123 -80 -95 Other private -1 -6 37 26 -22 -62 9 -28 -17 -6 Private nonguaranteed 25 -40 -20 -56 -39 -116 -127 -102 -81 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commnercial banks 25 -40 -20 -56 -39 -116 -127 -102 -81 0 Memo: IBRD 2 3 -169 -158 -156 -155 -144 -122 -97 -83 IDA 7 70 223 75 208 76 135 131 57 93 DEBT SERVICE (LTDS) 46 359 582 528 513 827 824 752 571 442 Public and publicly guaranteed 30 232 507 412 409 711 698 650 490 442 Officialecreditors 14 84 314 285 305 411 437 427 346 305 Multilateral 2 49 227 219 225 231 228 208 185 174 Concessional 0 2 18 21 28 34 35 34 37 40 Bilateral 13 35 87 66 79 180 210 218 161 131 Concessional 7 13 40 41 50 81 94 91 69 73 Private creditors 16 148 194 127 104 300 260 223 144 137 Bonds 14 1 0 0 0 0 0 0 0 0 Commercial banks 0 55 167 106 78 238 209 195 127 109 Otier private 2 91 26 22 27 62 52 28 17 29 Private nonguaranteed 16 127 75 116 104 116 127 102 81 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 16 127 75 116 104 116 127 102 81 0 Memo: IBRD 1 42 173 159 156 155 144 122 97 83 IDA 0 2 11 16 19 21 24 25 26 30 UNDISBURSED DEBT 119 1,333 1,991 1,749 1,622 1,574 1,288 1,280 1,239 1,243 Official creditors 119 1,241 1,634 1,561 1,460 1,409 1,084 1,115 1,117 1,071 Private creditors 0 92 356 188 161 165 203 165 122 172 Memorandum items Concessional LDOD 170 684 2,381 2,788 3,090 3,394 3,879 3,938 3,762 4,123 Variable rate LDOD 88 690 1,090 748 747 875 777 703 618 590 Public sector LDOD 321 2,056 4,761 5,149 5,246 5,589 5,960 5,685 5,225 5,629 Private sector LDOD 88 437 880 579 600 530 445 375 325 325 6. CLURRENCI'CON'IPOSITION OF LONG-TERM DEBT iPERCENTi Deutsche mark 6.0 9.8 1.7 1.6 1.6 1.8 2.6 2.8 3.0 3.0 French franc 0.0 9.0 6.7 5.9 5.3 7.0 6.2 5.0 4.8 5.5 Japanese yen 0.2 4.6 8.4 12.8 14.5 16.0 18.3 17.6 16.9 17.6 Pound sterling 76.4 14.3 8.7 5.7 5.1 4.5 3.8 3.8 3.6 4.3 Swiss franc 0.0 2.3 3.4 6.9 6.4 4.7 4.1 3.1 2.9 2.3 U.S.dollars 15.7 35.9 30.9 32.1 35.4 35.1 36.2 39.7 42.1 42.9 Multiple currency 1.2 14.9 24.4 19.2 17.1 15.2 13.4 11.5 10.1 7.4 Special drawing rights 0.0 0.0 0.3 0.3 0.3 0.4 0.4 0.4 0.4 0.4 All other currencies 0.5 9.2 15.5 15.5 14.3 15.3 15.0 16.1 16.2 16.6 317 KENYA (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 7. DEBT REST RLICTU RINGS Total amount rescheduled 0 0 0 550 0 0 0 0 Debt stock rescheduled 0 0 0 0 0 0 0 0 Principal rescheduled ..0 0 1 367 0 0 0 0 Official 0 0 0 74 0 0 0 0 Private 0 0 1 293 0 0 0 0 Interest rescheduled 0 0 0 162 0 0 0 0 Official 0 0 0 45 0 0 0 0 Private ..0 0 0 118 0 0 0 0 Debt forgiven ..84 30 0 0 0 0 26 0 Memo: interest forgiven 1 3 0 0 0 0 0 0 0 Debt stock reduction 0 0 0 0 0 0 0 0 of which debt buyback 0 0 0 0 0 0 0 0 8. DEBT STOCK-FLOW RECONCILIATION Total change in debt stocks 1,168 -555 213 91 210 -481 -328 407 Net flows on debt 114 718 615 114 154 -322 104 -185 21 -118 Net change in interest arrears 30 48 53 -159 -51 -15 17 49 Interest capitalized 0 0 0 162 0 0 0 0 Debt forgiveness or reduction -84 -30 0 0 0 0 -26 0 Cross-currency valuation ... 319 -225 -16 283 94 -261 -294 203 Residual ... 288 -462 23 127 64 -21 -47 274 9. AVERA%GF TERMS OF NEW~ (0MM ITNIENT'S ALL CREDITORS Interest (%) 2.5 3.5 4.1 0.9 2.3 1.9 4.8 1.2 1.7 3.0 Maturity (years) 37.3 31.3 25.5 31.3 31.8 29.5 23.0 34.9 31.7 24.3 Grace period (years) 7.9 8.0 7.5 9.2 8.8 7.0 5.8 8.8 9.2 6.0 Grant element (%) 62.6 53.3 46.0 71.2 63.6 62.7 39.0 70.7 66.9 49.3 Ofricial creditors Interest (%) 2.4 3.5 3.0 0.8 2.3 1.9 2.1 0.7 1.6 1.7 Maturity (years) 37.9 31.5 29.9 34.6 31.8 29.5 35.5 37.6 33.3 32.8 Grace period (years) 8.0 8.0 8.4 10.1 8.8 7.0 9.8 9.5 9.7 8.0 Grant element (%) 63.7 53.6 57.7 77.5 63.6 62.7 66.8 76.3 70.1 66.9 Private creditors Interest (%) 7.0 8.0 7.4 1.8 0.0 0.0 8.3 6.5 4.3 6.2 Maturity (years) 11.2 5.9 13.2 2.7 0.0 0.0 6.4 5.1 4.1 3.9 Grace period (years) 1.7 -0.6 4.9 1.7 0.0 0.0 0.4 0.9 0.4 1.3 Grant element (%) 12.4 5.2 13.5 15.1 0.0 0.0 2.2 8.6 10.5 6.8 Memorandum items Commitments 50 518 825 294 212 103 389 419 268 321 Official creditors 49 514 606 264 212 103 222 384 254 227 Private creditors 1 4 219 30 0 0 168 35 14 94 10. CONTRACTuJAL OBLIGA [IONS ON OLUTSIANDING LONG-TERM DEBT 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 TOTAL Disbursements 411 336 202 124 65 23 11 2 1 0 Principal 517 505 470 306 265 216 204 200 201 198 Interest 146 126 103 83 70 62 56 51 50 46 Official creditors Disbursements 320 278 183 119 65 23 1 1 2 1 0 Principal 353 352 355 222 214 187 191 193 194 193 Interest 112 97 82 69 63 57 53 49 48 44 Bilateral creditors Disbursements 132 118 73 43 23 13 5 1 1 0 Principal 208 230 246 123 116 99 104 101 108 104 Interest 64 57 47 38 33 30 28 25 26 24 Multilateral creditors Disbursements 188 160 110 77 42 9 6 1 1 0 Principal 144 122 108 99 98 88 88 92 87 88 Interest 48 41 36 32 29 27 25 24 22 21 Private creditors Disbursements 91 58 19 5 0 0 0 0 0 0 Principal 165 153 115 84 5 1 28 13 7 7 6 Interest 34 29 21 14 8 5 3 3 2 2 Commercial banks Disbursements 89 56 1 8 4 0 0 0 0 0 0 Principal 133 137 109 78 44 22 10 6 6 5 Interest 3 1 27 19 1 3 7 4 3 3 2 2 Other private Disbursements 1 2 1 0 0 0 0 0 0 0 Principal 32 1 6 7 7 7 7 3 0 0 0 Interest 3 2 2 2 1 1 0 0 0 0 318 KOREA, REPUBLIC OF (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 I. SUNMMARN DEBT DATA Total External Liabilities *31,700 42,800 43,900 97,400 127,500 163,500 159,200 148,700 TOTAL DEBT STOCKS (EDT) 29,480 34,986 44,156 47,202 72,414 85,810 115,803 136,984 139,097 Long-term debt (LDOD) 1,991 18,236 24,186 32,236 35,002 40,802 39,197 49,221 72,128 94,062 Public and publicly guaranteed 1,816 15,933 18,786 24,050 24,566 19,253 22,123 25,423 33,852 57,956 Private nonguaranteed 175 2,303 5,400 8,186 10,436 21,550 17,074 23,798 38,276 36,106 Useof IMF credit 0 683 0 0 0 0 0 0 11,064 16,896 Short-term debt 10,561 10,800 11,920 12,200 31,612 46,613 66,582 53,792 28,139 of which interest ar-rears on LDOD 0 0 0 0 0 0 0 0 0 Official creditors 0 0 0 0 0 0 0 0 0 Private creditors 0 0 0 0 0 0 0 0 0 Memo: principal arrears on LDOD 0 0 0 0 0 0 0 0 0 Official creditors 0 0 0 0 0 0 0 0 0 Private creditors 0 0 0 0 0 0 0 0 0 Memo: export credits 0 6,821 3,723 3,329 4,687 3,247 2,957 4,697 7,540 TOTAL DEBT FLOWS Disbursements 476 4,605 5,736 8,215 8,251 14,131 13,610 20,133 36,345 21,255 Long-term debt 476 3,980 5,736 8,215 8,251 14,131 13,610 20,133 25,061 13,318 EMF purchases 0 625 0 0 0 0 0 0 11,284 7,937 Principal repayments 218 1,586 5,678 4,237 6,269 5,222 5,905 6,802 6,781 12,412 Long-termndebt 205 1,554 5,678 4,237 6,269 5,222 5,905 6,802 6,781 9,631 IMF repurchases 1 3 33 0 0 0 0 0 0 0 2,781 Net flows on debt 847 6,415 1,058 4,698 2,262 28,321 22,706 33,300 16,774 7,190 of which short-term debt 3,396 1,000 720 280 19,412 15,001 19,969 -12,790 -1,653 Interest payments (INT) 2,863 2,596 2,751 2,871 3,109 5,966 6,760 6,997 8,212 Long-term debt 76 1,637 1,683 1,999 2,083 2,262 2,931 2,837 4,110 5,014 IMF charges 0 1 7 0 0 0 0 0 0 0 904 Short-termn debt .. 1,210 913 751 788 848 3,035 3,923 2,887 2,294 Net transfers on debt .. 3,551 -1,538 1,947 -609 25,212 16,741 26,541 9,777 -1,022 Total debt service paid (TDS) .. 4,449 8,274 6,988 9,141 8,331 11,870 13,562 13,778 20,624 Long-term debt 281 3,190 7,361 6,237 8,353 7,483 8,835 9,639 10,891 14,645 HIMF repurchases and charges 13 49 0 0 0 0 0 0 0 3,685 Short-term debt (interest only) .. 1,210 913 751 788 848 3,035 3,923 2,887 2,294 2. AGGREGATE NET RESOUiRCE FLOWS AND NET TRANSFERS (LONG-TERMI NET RESOURCE FLOWS 411 2,440 1,369 7,753 8,603 12,244 13,045 19,358 22,382 13,201 Net flow of long-termn debt (ex. IMF 271 2,426 58 3,978 1,982 8,909 7,705 13,331 18,280 3,687 Foreign direct investment (net) 66 6 788 727 588 809 1,776 2,325 2,844 5,415 Portfolio equity flows 0 0 518 3,045 6,029 2,525 3,559 3,700 1,257 4,096 Grants (excluding technical coop.) 75 8 4 3 3 0 5 2 0 4 Memo: technical coop. grants 13 34 101 119 149 116 144 145 105 147 official net resource flows 221 658 313 253 -144 -629 -625 -517 4,530 5,558 private net resource flows 190 1,782 1,056 7,499 8,746 12,873 13,670 19,875 17,852 7,644 NET TRANSFERS 330 739 -581 5,506 6,266 9,712 9,819 16,201 17,921 7,812 Interest on long-termn debt 76 1,637 1,683 1,999 2,083 2,262 2,931 2,837 4,110 5,014 Profit rem-ittances on FDI 5 64 266 247 253 270 295 320 350 375 Memo: official net transfers 207 289 -220 -268 -670 -1,056 -990 -826 4,214 4,947 private net transfers 124 450 -360 5,774 6,936 10,768 10,810 17,027 13,707 2,865 3. MIAJOR ECONOMIIC AGGREGATES Gross national product (GNP) 8,997 60,801 252,384 314,337 345,232 401,782 487,918 518,501 473,939 316,195 Exports of goods &services (XGS) .. 22,050 76,679 89,858 97,860 114,850 151,237 157,229 168,928 160,061 of which workers renmittances .. 86 488 487 311 245 291 183 129 90 Imports of goods & services (MGS) .. 27,812 79,343 94,405 97,747 119,753 159,670 180,006 177,633 122,772 International reserves (RES) 610 3,101 14,916 17,228 20,355 25,764 32,804 34,158 20,465 52,100 Cur-rent account balance .. -5,312 -2,003 -3,944 990 -3,867 -8,507 -23,006 -8,167 40,552 4. DEBT INDICATORS EDT /XGS (% . 133.7 45.6 49.1 48.2 63.1 56.7 73.7 81.1 86.9 EDT /GNP(% . 48.5 13.9 14.1 13.7 18.0 17.6 22.3 28.9 44.0 TDS / XGS (% . 20.2 10.8 7.8 9.3 7.3 7.9 8.6 8.2 12.9 INT /XGS(% . 13.0 3.4 3.1 2.9 2.7 3.9 4.3 4.1 5.1 INT /GNP(% . 4.7 1.0 0.9 0.8 0.8 1.2 1.3 1.5 2.6 RESI/EDT(% . 10.5 42.6 39.0 43.1 35.6 38.2 29.5 14.9 37.5 RES /MGS (months) .. 1.3 2.3 2.2 2.5 2.6 2.5 2.3 1.4 5.1 Short-term /EDT (%) .. 35.8 30.9 27.0 25.9 43.7 54.3 57.5 39.3 20.2 Concessional /EDT(% . 9.5 12.6 10.1 9.9 2.4 1.8 1.1 0.8 0.1 Multilateral / EDT (%) .. 8.0 10.8 7.5 6.8 4.3 3.3 2.0 5.1 8.3 * Total external liabilities include external debt (as per DRS definition) and debt contracted by overseas branches of domestic financial institutions. 319 KOREA, REPUBLIC OF (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 5. LONG-TERM DEBT DEBT OUTSTANDING (LDOD) 1,991 18,236 24,186 32,236 35,002 40,802 39,197 49,221 72,128 94,062 Public and publicly guaranteed 1,816 15,933 18,786 24,050 24,566 19,253 22,123 25,423 33,852 57,956 Official creditors 588 6,332 9,262 9,092 9,425 5,863 5,350 4,563 8,867 12,750 Multilateral 46 2,361 3,794 3,327 3,202 3,100 2,844 2,363 6,923 11,595 Concessional 27 113 98 92 89 85 82 79 75 72 Bilateral 542 3,970 5,468 5,765 6,223 2,763 2,505 2,200 1,944 1,155 Concessional 500 2,675 4,309 4,379 4,559 1,644 1,422 1,200 1,039 0 Private creditors 1,228 9,601 9,524 14,958 15,141 13,390 16,774 20,860 24,985 45,206 Bonds 0 291 2,563 5,460 7,652 7,200 10,753 15,110 21,086 24,454 Commercial banks 27 4,213 2,634 5,090 4,289 4,451 4,520 4,622 3,084 20,752 Other private 1,201 5,098 4,327 4,408 3,200 1,740 1,501 1,129 816 0 Private nonguaranteed 175 2,303 5,400 8,186 10,436 21,550 17,074 23,798 38,276 36,106 Bonds 0 0 490 2,929 4,559 15,325 10,500 15,848 18,555 20,106 Commercial banks 175 2,303 4,910 5,258 5,878 6,225 6,574 7,950 19,721 16,000 Memo: IBRD 10 1,723 3,240 2,644 2,520 2,380 2,163 1,841 4,505 7,463 IDA 27 113 98 92 89 85 82 79 75 72 DISBURSEMENTS 476 3,980 5,736 8,215 8,251 14,131 13,610 20,133 25,061 13,318 Public and publicly guaranteed 444 3,429 4,207 5,108 4,353 4,084 5,165 7,120 14,769 12,578 Official creditors 154 916 1,357 1,192 856 396 199 222 5,161 5,872 Multilateral 13 344 233 307 296 295 150 211 5,161 4,844 Concessional 1 0 0 0 0 0 0 0 0 0 Bilateral 141 572 1,124 885 560 101 48 1 1 0 1,028 Concessional 122 178 1,066 163 138 1 1 0 0 0 Private creditors 290 2,513 2,851 3,916 3,497 3,687 4,966 6,899 9,608 6,706 Bonds 0 44 982 1,398 2,972 2,854 4,453 6,229 8,214 5,656 Comimercial banks 27 1,222 590 1,439 225 834 513 670 1,394 1,050 Other private 264 1,247 1,279 1,079 301 0 0 0 0 0 Private nonguaranteed 32 551 1,529 3,107 3,898 10,047 8,445 13,013 10,292 739 Bonds 0 0 410 1,212 1,628 8,000 4,990 9,448 6,242 739 Commtercial banks 32 551 1,119 1,895 2,270 2,047 3,455 3,565 4,050 0 Memo: IBRD 7 254 145 211 258 282 144 210 3,161 3,144 IDA 1 0 0 0 0 0 0 0 0 0 PRINCIPAL REPAYMENTS 205 1,554 5,678 4,237 6,269 5,222 5,905 6,802 6,781 9,631 Public and publicly guaranteed 198 1,490 3,589 3,037 4,619 2,522 2,974 3,820 2,780 2,819 Official creditors 7 266 1,049 942 1,003 1,025 828 740 632 318 Multilateral 0 ill 652 473 541 631 505 483 428 295 Concessional 0 1 2 3 4 4 4 4 4 4 Bilateral 7 155 397 469 462 394 323 257 204 24 Concessional 2 80 246 304 325 249 232 166 117 19 Private creditors 192 1,224 2,540 2,096 3,616 1,496 2,146 3,080 2,148 2,500 Bonds 0 0 1.223 50 906 601 905 996 1,258 1,964 Commercial banks 0 301 619 593 1,231 556 912 1,802 692 533 Other private 192 923 698 1,453 1,479 339 329 283 198 4 Private nonguaranteed 7 64 2,090 1,200 1,650 2,700 2,931 2,982 4,001 6,812 Bonds 0 0 0 0 0 1,000 1,290 1,826 2,745 3,212 Comimercial banks 7 64 2,090 1,200 1,650 1,700 1,641 1,155 1,256 3,600 Memo: IBRD 0 66 547 427 464 588 460 386 363 269 IDA 0 1 2 3 4 4 4 4 4 4 NET FLOWS ON DEBT 271 2,426 58 3,978 1,982 8,909 7,705 13,331 18,280 3,687 Public and publicly guaranteed 246 1,940 619 2,071 -266 1,562 2,191 3,300 11,989 9,760 Official creditors 147 650 308 250 -147 -629 -629 -519 4,529 5,554 Multilateral 13 233 -418 -166 -245 -336 -355 -272 4,733 4,550 Concessional 1 -1 -2 -3 -4 -4 -4 -4 -4 -4 Bilateral 134 417 727 416 98 -293 -274 -247 -204 1,004 Concessional 121 98 821 -141 -188 -248 -231 -166 -117 -19 Private creditors 99 1,289 311 1,820 -119 2,191 2,821 3,819 7,460 4,206 Bonds 0 44 -242 1,348 2,066 2,252 3,548 5,234 6,957 3,692 Commercial banks 27 921 -28 846 -1,007 278 -399 -1,132 702 517 Other private 72 325 580 -374 -1,178 -339 -329 -283 -198 -4 Private nonguaranteed 25 487 -561 1,907 2,248 7,347 5,514 10,032 6,291 -6,073 Bonds 0 0 410 1,212 1,628 7,000 3,700 7,622 3,497 -2,473 Commnercial banks 25 487 -971 695 620 347 1,814 2,410 2,794 -3,600 Memo: IBRD 7 188 -402 -217 -206 -306 -317 -176 2,798 2,875 IDA I -1 -2 -3 -4 -4 -4 - 4- 320 KOREA, REPUBLIC OF (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 INTEREST PAYMENTS (LINT) 76 1,637 1,683 1,999 2,083 2,262 2,931 2,837 4,110 5,014 Public and publicly guaranteed 71 1,293 1,177 1,570 1,562 1,149 1,298 1,275 1,814 3,317 Official creditors 15 369 533 521 526 427 366 309 316 610 Multilateral 1 193 303 257 245 233 219 179 200 597 Concessional 0 1 1 1 1 1 1 1 1 1 Bilateral 14 175 230 264 281 194 147 130 116 13 Concessional 12 86 128 171 183 95 52 41 35 1 Private creditors 56 925 644 1,049 1,036 722 932 966 1,499 2,707 Bonds 0 14 185 358 467 338 487 636 1,265 1,815 Commercial banks 0 516 218 274 253 223 298 215 150 892 Other private 56 394 241 417 316 161 147 115 84 0 Private nonguaranteed 5 343 507 429 521 1,113 1,633 1,562 2,296 1,697 Bonds 0 0 5 60 123 706 1,267 1,237 1,911 1,531 Commercial banks 5 343 502 370 399 407 366 325 385 167 Memo: IBRD 0 145 262 212 196 185 170 141 172 417 IDA 0 1 1 1 1 1 1 1 1 1 NET TRANSFERS ON DEBT 195 790 -1,625 1,978 -101 6,648 4,775 10,494 14,169 -1,327 Public and publicly guaranteed 175 646 -558 501 -1,828 413 894 2,025 10,175 6,443 Official creditors 132 281 -224 -270 -673 -1,056 -995 -828 4,214 4,944 Multilateral 12 40 -721 -422 -490 -569 -574 -452 4,533 3,953 Concessional 1 -2 -3 -4 -4 -4-4 -4 -4 -4 Bilateral 120 242 497 152 -184 -487 -421 -376 -319 991 Concessional 109 12 693 -311 -371 -343 -283 -208 -152 -20 Private creditors 43 365 -333 771 -1,155 1,469 1,889 2,853 5,961 1,499 Bonds 0 30 -427 991 1,599 1,914 3,062 4,598 5,692 1,878 Commercial banks 27 404 -246 572 -1,259 55 -697 -1,347 551 -375 Other private 16 -69 339 -791 -1,494 -500 -476 -398 -282 - Private nonguaranteed 20 144 -1,067 1,478 1,727 6,235 3,881 8,469 3,995 -7,770 Bonds 0 0 405 1,153 1,505 6,294 2,433 6,385 1,586 -4,003 Commercial banks 20 144 -1,472 325 221 -59 1,448 2,084 2,409 -3,767 Memo: IBRD 7 43 -664 -428 -401 -491 -486 -317 2,626 2,458 IDA 1 -2 -3 - 4- 4- 4- DEBT SERVICE (LTDS) 281 3,190 7,361 6,237 8,353 7,483 8,835 9,639 10,891 14,645 Public and publicly guaranteed 269 2,783 4,765 4,607 6,181 3,670 4,271 5,095 4,594 6,135 Official creditors 22 635 1,581 1,463 1,529 1,452 1,194 1,050 947 928 Multilateral 1 305 954 730 786 864 725 663 628 892 Concessional 0 2 3 4 4 4 4 4 4 4 Bilateral 21 330 627 733 743 588 469 387 319 37 Concessional 13 167 373 475 509 344 284 208 152 20 Private creditors 248 2,148 3,184 3,145 4,652 2,218 3,077 4,046 3,647 5,207 Bonds 0 14 1,409 407 1,373 939 1,392 1,631 2,522 3,778 Commnercial banks 0 817 836 867 1,484 779 1,210 2,017 842 1,425 Other private 248 1,317 939 1,870 1,795 500 476 398 282 4 Private nonguaranteed 12 407 2,596 1,629 2,171 3,813 4,564 4,544 6,297 8,509 Bonds 0 0 5 60 123 1,706 2,557 3,063 4,656 4,743 Commercial banks 12 407 2,591 1,570 2,049 2,107 2,007 1,481 1,641 3,767 Memo: IBRD 0 211 809 639 659 773 630 527 535 686 IDA 0 2 3 4 4 4 4 4 4 4 UNDISBURSED DEBT 887 6,731 2,287 2,161 1,776 3,125 2,803 2,554 4,597 3,710 Official creditors 370 3,908 1,824 1,420 840 808 759 530 2,374 1,612 Private creditors 517 2,823 463 741 936 2,317 2,044 2,024 2,223 2,099 Memorandum items Concessional LDOD 527 2,789 4,407 4,471 4,648 1,730 1,504 1,278 1,114 72 Variable rate LDOD 196 6,641 9,492 13,555 15,115 26,626 22,236 29,196 48,562 67,509 Public sector LDOD 810 9,770 16,151 19,324 20,719 18,160 20,833 23,106 33,378 40,725 Private sector LDOD 1,180 8,466 8,035 12,912 14,282 22,642 18,364 26,115 38,750 53,337 6. CLJRRENCI' COMIPOSITION OF L-ONG-TERM DEBT tPERCENTi Deutsche mark 7.2 3.7 4.7 5.1 4.2 5.7 5.9 3.3 4.5 2.5 French franc 2.1 2.4 8.0 5.1 4.1 5.0 4.0 3.9 2.3 0.5 Japanese yen 5.1 16.6 31.5 29.7 32.0 34.1 38.2 32.4 22.9 17.1 Pound sterling 1.4 3.3 0.7 0.2 0.2 0.2 0.2 0.1 1.8 1.0 Swiss franc 0.4 1.9 1.1 0.5 0.6 0.5 0.4 0.9 0.6 0.3 U.S.dollars 82.1 53.5 33.0 45.1 45.7 38.5 38.5 47.8 59.9 74.2 Multiple currency 1.2 12.9 18.8 12.8 12.1 15.0 12.0 8.8 5.4 3.1 Special drawing rights 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 All other currencies 0.5 5.7 2.2 1.5 1.1 1.0 0.8 2.8 2.6 1.3 321 KOREA, REPUBLIC OF (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 7. DEBT RES IRUCTUIRING,S Total amount rescheduled ..0 0 0 0 0 0 0 21,736 Debt stock rescheduled 0 0 0 0 0 0 0 24,000 Prinicipal rescheduled 0 0 0 0 0 0 0 0 Official 0 0 0 0 0 0 0 0 Private 0 0 0 0 0 0 0 0 Interest rescheduled 0 0 0 0 0 0 0 0 Official 0 0 0 0 0 0 0 0 Private 0 0 0 0 0 0 0 0 Debt forgiven 0 0 0 0 0 0 0 0 Memo: interest forgiven 0 0 0 0 0 0 0 0 Debt stock reduction 0 0 0 0 0 0 0 0 of which debt buyback 0 0 0 0 0 0 0 0 8. DEBT STOCK-FLOW~ RECONCILLATION Total change in debt stocks 2,188 4,423 3,046 25,213 13,396 29,993 21,181 2,113 Net flows on debt 847 6,415 1,058 4,698 2,262 28,321 22,706 33,300 16,774 7,190 Net change in interest arrears 0 0 0 0 0 0 0 0 Interest capitalized 0 0 0 0 0 0 0 0 Debt forgiveness or reduction 0 0 0 0 0 0 0 0 Cross-cuffency valuation 911 -361 707 1,062 -114 -1,316 -1,473 1,409 Residual 218 87 77 -4,171 -9,197 -1,991 5,880 -6,485 9.,%AVER.%GE TERNMS OF NE"'CON13MITMENTS ALL CREDITORS Interest (%) 5.8 11.3 7.9 7.1 5.5 5.7 4.4 5.7 6.2 7.5 Maturity (years) 19.0 15.3 17.6 13.4 9.4 10.9 6.1 12.4 11.6 9.0 Grace period (years) 5.8 3.9 5.4 4.8 4.8 6.6 5.8 6.8 6.1 5.6 Grant element (%) 27.7 -3.6 13.2 15.3 17.1 20.5 23.0 20.7 17.6 11.4 Official creditors Interest (%) 4.5 7.4 6.2 6.9 7.4 6.5 7.1 0.0 6.4 5.4 Maturity (years) 28.0 20.4 23.7 17.3 14.8 15.0 14.8 0.0 18.7 12.3 Grace period (years) 7.7 6.0 7.0 6.2 5.3 5.5 5.3 0.0 5.9 4.8 Grant element (%) 43.1 16.9 27.1 19.7 14.6 20.2 16.2 0.0 21.8 20.4 Private creditors Interest (%) 6.7 14.1 8.9 7.1 5.4 5.6 4.3 5.7 6.1 9.1 Maturity (years) 12.9 11.7 14.0 12.7 9.0 10.6 5.8 12.4 6.6 6.4 Grace period (years) 4.6 2.4 4.4 4.6 4.8 6.7 5.8 6.8 6.3 6.2 Grant element (%) 17.2 -17.9 5.1 14.6 17.3 20.6 23.2 20.7 14.7 4.4 Memorandum items Commitments 691 4,928 3,744 4,658 3,982 6,305 5,192 6,920 16,911 11,717 Official creditors 282 2,027 1,387 710 290 480 175 0 7,015 5,135 Private creditors 409 2,901 2,356 3,948 3,692 5,825 5,017 6,920 9,896 6,582 10. CONTRACTUIAL OBLIGATIIONS ON OUfTS LANDING LONG-TERM% DEBTr 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 TOTAL Disbursements 2.923 593 111 37 22 12 8 2 2 1 Principal 13,625 16,638 21,197 11,960 7,418 6,820 2,255 3,826 2,554 4,184 Interest 6,079 4,808 3,883 3,038 2,438 2,194 1,311 1,125 954 672 Official creditors Disbursements 1,395 83 53 35 22 12 8 2 2 1 Principal 263 1,401 254 240 666 1,291 1,284 1,269 1,256 946 Interest 796 838 811 796 782 724 644 565 486 408 Bilateral creditors Disbursements 19 22 12 5 2 0 0 0 0 0 Principal 12 1,139 16 16 16 4 4 4 2 0 Interest 27 16 3 3 2 1 1 0 0 0 Multilateral creditors Disbursements 1,376 62 41 30 20 12 8 2 2 1 Principal 251 263 238 224 650 1,287 1,279 1,264 1,254 946 Interest 769 822 807 794 780 723 644 564 486 408 Private creditors Disbursements 1,528 510 58 2 0 0 0 0 0 0 Principal 13,362 15,236 20,943 11,720 6,752 5,529 971 2,557 1,299 3,238 Interest 5,283 3,971 3,072 2,242 1,656 1,470 667 560 468 264 Commercial banks Disbursements 1,528 510 58 2 0 0 0 0 0 0 Principal 4,734 4,936 9,311 575 342 353 462 376 319 238 Interest 1,484 1,193 639 227 189 169 150 128 108 90 Other private Disbursements 0 0 0 0 0 0 0 0 0 0 Principal 8,628 10,301 11,632 11,145 6,410 5,176 509 2,181 979 3,000 Interest 3,799 2,778 2,433 2,016 1,467 1,301 517 433 360 174 322 KYRGYZ REPUBLIC (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 1. SUMNIARV DEBf DATA TOTAL DEBT STOCKS (EDT) .. . . 3.7 290.2 446.1 608.3 764.4 928.2 1,147.7 Long-term debt (LDOD) .. . . 3.7 229.8 355.4 471.0 616.1 730.3 944.2 Public and publicly guaranteed ... . 3.7 229.8 355.4 471.0 616.1 730.3 909.2 Private nonguaranteed ... . 0.0 0.0 0.0 0.0 0.0 0.0 35.0 Use of IMF credit ... . 0.0 60.2 77.8 124.3 139.6 164.9 175.2 Short-term debt ... . 0.0 0.1 12.8 13.0 8.7 33.0 28.3 of which interest arrears on LDOD ... . 0.0 0.1 12.8 10.8 0.5 0.0 0.0 Official creditors ... . 0.0 0.1 12.8 10.8 0.5 0.0 0.0 Private creditors ... . 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: principal arrears on LDOD ... . 0.0 0.8 11.6 11.0 3.1 1.1 5.9 Official creditors ... . 0.0 0.8 11.6 11.0 3.1 1.1 0.0 Private creditors ... . 0.0 0.0 0.0 0.0 0.0 0.0 5.8 Memo: export credits ... . 0.0 0.0 0.0 17.0 52.0 54.0 55.0 TOTAL DEBT FLOWS Disbursements ... . 3.8 133.0 132.7 200.6 190.7 198.0 172.2 Long-term debt ... . 3.8 71.8 119.2 154.6 167.2 153.7 157.6 DMF purchases ... . 0.0 61.2 13.5 46.0 23.4 44.4 14.6 Principal repayments ... . 0.0 0.0 0.0 36.3 36.2 20.6 30.7 Long-term debt ... . 0.0 0.0 0.0 36.3 32.4 10.8 19.1 vIMFrepurchases ... . 0.0 0.0 0.0 0.0 3.9 9.8 11.6 Net flows on debt ... . 3.8 133.0 132.7 166.5 160.4 202.2 136.8 of which short-term debt ... . 0.0 0.0 0.0 2.2 6.0 24.8 -4.7 Interest payments (INT) ... . 0.0 1.4 16.4 23.5 14.3 22.7 27.2 Long-term debt ... . 0.0 0.4 13.1 19.7 10.8 18.6 22.8 vIF charges ... . 0.0 1.1 3.3 3.7 3.1 3.0 2.6 Short-term debt ... . 0.0 0.0 0.0 0.1 0.4 1.1 1.7 Net transfers on debt ... . 3.8 131.6 116.4 142.9 146.1 179.5 109.7 Total debt service paid (TDS) ... . 0.0 1.4 16.4 59.9 50.6 43.3 57.8 Long-termn debt ... . 0.0 0.4 13.1 56.0 43.2 29.4 42.0 vIMFrepurchases and charges ... . 0.0 1.1 3.3 3.7 7.0 12.8 14.2 Short-termn debt (interest only) ... . 0.0 0.0 0.0 0.1 0.4 1.1 1.7 2. AGGREGATE NET RESOLURCE FLO%%S AND NET TRANSFERS (LONG-TERNli NET RESOURCE FLOWS .. . . 4.0 145.1 229.6 268.3 227.0 271.1 292.5 Net flow of long-ter-mdebt (ex.J F I..... 3.8 71.8 119.2 118.3 134.9 142.8 138.5 Foreign direct investment (net) ... . 0.0 10.0 38.2 96.1 47.2 84.0 109.0 Portfolio equity flows ... . 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Grants (excluding technical coop.) ... . 0.2 63.3 72.2 53.9 44.9 44.3 44.9 Memo: technical coop. grants ... . 1.8 7.4 10.3 26.8 42.7 25.4 35.8 official net resource flows ... . 4.0 135.1 191.4 172.2 179.8 187.1 185.0 private net resource flows ... . 0.0 10.0 38.2 96.1 47.2 84.0 107.5 NET TRANSFERS .. . . 4.0 144.7 216.5 248.6 216.2 252.5 269.7 Interest on long-term debt ... . 0.0 0.4 13.1 19.7 10.8 18.6 22.8 Profit remiittances on FDI ... . 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: official net transfers ... . 4.0 134.7 178.3 152.5 169.0 168.5 163.7 private net transfers ... . 0.0 10.0 38.2 96.1 47.2 84.0 106.0 3. NtAJOR ECONONIIC AGGREGATES Gross national product (GNP) ... . 2,247.0 4,259.5 3,147.1 3,283.6 1,788.8 1,705.9 1,652.7 Exports of goods & services (XGS) ... . 284.8 349.6 372.9 452.5 568.6 684.2 614.2 of which workers remittances ...... 1.3 0.2 0.8 1.8 2.2 2.2 Imports of goods & services (MGS) ... . 400.2 503.1 519.2 765.0 1,075.4 888.1 938.3 Intemational reserves (RES) ... 48.2 26.2 81.0 94.6 169.8 187.7 Current account balance ..-100.6 -87.6 -84.5 -234.7 -424.7 -138.5 -257.4 4. DEBT INDICATORS EDT /XGS (% .. . 1.3 83.0 119.6 134.4 134.4 135.7 186.9 EDT /GNP(% ... 0.2 6.8 14.2 18.5 42.7 54.4 69.4 TDS / XGS (% .. . 0.0 0.4 4.4 13.2 8.9 6.3 9.4 INT /XGS(% ... 0.0 0.4 4.4 5.2 2.5 3.3 4.4 INTI/GNP(% ... 0.0 0.0 0.5 0.7 0.8 1.3 1.7 RES /EDT(% ...... 16.6 5.9 13.3 12.4 18.3 16.4 FES /MGS (months) ...... 1.2 0.6 1.3 1.1 2.3 2.4 Short-term /EDT (%) ... . 0.0 0.0 2.9 2.1 1.1 3.6 2.5 Concessional /EDT (% .. . 13.5 48.2 52.0 60.4 48.0 50.0 55.2 Multilateral / EDT (%) ... . 0.0 16.8 19.9 30.0 37.6 43.6 47.6 323 KYRGYZ REPUBLIC (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 5. LONG-T'ERM% DEBT DEBT OUTSTANDING (LDOD) .. . . 3.7 229.8 355.4 471.0 616.1 730.3 944.2 Public and publicly guaranteed .. . . 3.7 229.8 355.4 471.0 616.1 730.3 909.2 Official creditors ... . 3.7 229.8 355.4 471.0 616.1 730.3 907.1 Multilateral ... . 0.0 48.6 88.9 182.6 287.0 404.5 545.8 Concessional ... . 0.0 22.6 60.4 173.6 256.3 358.1 494.6 Bilateral ... . 3.7 181.2 266.5 288.4 329.1 325.8 361.3 Concessional ... . 0.5 117.3 171.4 193.9 110.2 105.6 138.6 Private creditors ... . 0.0 0.0 0.0 0.0 0.0 0.0 2.1 Bonds ... . 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Comimercial banks ... . 0.0 0.0 0.0 0.0 0.0 0.0 2.1 Other private ... . 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private nonguaranteed ... . 0.0 0.0 0.0 0.0 0.0 0.0 35.0 Bonds ... . 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks ... . 0.0 0.0 0.0 0.0 0.0 0.0 35.0 Memo: IBRD ... . 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA ... . 0.0 22.6 60.4 141.2 196.8 251.1 328.0 DISBURSEMENTS .. . . 3.8 71.8 119.2 154.6 167.2 153.7 157.6 Public and publicly guaranteed .. . . 3.8 71.8 119.2 154.6 167.2 153.7 156.5 Official creditors ... . 3.8 71.8 119.2 154.6 167.2 153.7 156.5 Multilateral ... 0.0 50.1 35.7 124.3 111.0 136.5 121.9 Concessional ... . 0.0 22.8 35.7 115.3 89.3 119.0 113.3 Bilateral ... . 3.8 21.7 83.5 30.3 56.2 17.1 34.6 Concessional ... . 0.5 5.0 52.8 25.6 43.8 6.6 23.2 Private creditors ... . 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds ... . 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks ... . 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Other private ... . 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private nonguaranteed ... . 0.0 0.0 0.0 0.0 0.0 0.0 1.1 Bonds ... . 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commrercial banks ... . 0.0 0.0 0.0 0.0 0.0 0.0 1.1 Memo: IBRD ... . 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA ... . 0.0 22.8 35.7 81.3 61.2 66.5 65.5 PRINCIPAL REPAYMENTS .. . . 0.0 0.0 0.0 36.3 32.4 10.8 19.1 Public and publicly guaranteed .. . . 0.0 0.0 0.0 36.3 32.4 10.8 16.9 Official creditors ... . 0.0 0.0 0.0 36.3 32.4 10.8 16.5 Multilateral ... . 0.0 0.0 0.0 30.4 0.0 2.0 3.8 Concessional ... . 0.0 0.0 0.0 0.0 0.0 0.1 0.1 Bilateral ... . 0.0 0.0 0.0 5.9 32.4 8.8 12.6 Concessional ... . 0.0 0.0 0.0 0.2 0.7 0.6 2.9 Private creditors ... . 0.0 0.0 0.0 0.0 0.0 0.0 0.4 Bonds ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks ... . 0.0 0.0 0.0 0.0 0.0 0.0 0.4 Other private ... . 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private nonguaranteed ... . 0.0 0.0 0.0 0.0 0.0 0.0 2.2 Bonds ... . 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commnercial banks ... . 0.0 0.0 0.0 0.0 0.0 0.0 2.2 Memo: IBRD ... . 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA ... . 0.0 0.0 0.0 0.0 0.0 0.0 0.0 NET FLOWS ON DEBT .. . . 3.8 71.8 119.2 118.3 134.9 142.8 138.5 Public and publicly guaranteed .. . . 3.8 71.8 119.2 118.3 134.9 142.8 139.6 Official creditors ... . 3.8 71.8 119.2 118.3 134.9 142.8 140.1 Multilateral ... . 0.0 50.1 35.7 93.9 111.0 134.5 118.1 Concessional ... . 0.0 22.8 35.7 115.3 89.3 118.8 113.2 Bilateral ... . 3.8 21.7 83.5 24.4 23.9 8.4 22.0 Concessional ... . 0.5 5.0 52.8 25.4 43.2 6.0 20.2 Private creditors ... . 0.0 0.0 0.0 0.0 0.0 0.0 -0.4 Bonds ... . 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks ... . 0.0 0.0 0.0 0.0 0.0 0.0 -0.4 Other private ... . 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private nonguaranteed ... . 0.0 0.0 0.0 0.0 0.0 0.0 -1.1 Bonds ... . 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks ... . 0.0 0.0 0.0 0.0 0.0 0.0 -1.1 Memo: IBRD ... . 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA ... . 0.0 22.8 35.7 81.3 61.2 66.5 65.5 324 KYRGYZ REPUBLIC (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 INTEREST PAYMENTS (LINT) .. . . 0.0 0.4 13.1 19.7 10.8 18.6 22.8 Public and publicly guaranteed ... . 0.0 0.4 13.1 19.7 10.8 18.6 21.5 Official creditors ... . 0.0 0.4 13.1 19.7 10.8 18.6 21.3 Multilateral ... . 0.0 0.3 5.1 2.6 2.6 4.9 6.8 Concessional ... . 0.0 0.0 0.2 0.7 1.5 2.2 3.1 Bilateral ... . 0.0 0.0 8.0 17.1 8.2 13.7 14.6 Concessional ... . 0.0 0.0 1.7 11.0 2.3 3.2 3.3 Private creditors ... . 0.0 0.0 0.0 0.0 0.0 0.0 0.2 Bonds ... . 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Comimercial banks ... . 0.0 0.0 0.0 0.0 0.0 0.0 0.2 Other private ... . 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private nonguaranteed ... . 0.0 0.0 0.0 0.0 0.0 0.0 1.3 Bonds ... . 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Comimercial banks ... . 0.0 0.0 0.0 0.0 0.0 0.0 1.3 Memo: IBRD ... . 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA ... . 0.0 0.0 0.2 0.6 1.0 1.5 1.9 NET TRANSFERS ON DEBT .. . . 3.8 71.4 106.1 98.6 124.0 124.3 115.7 Public and publicly guaranteed .. . . 3.8 71.4 106.1 98.6 124.0 124.3 118.1 Official creditors ... . 3.8 71.4 106.1 98.6 124.0 124.3 118.7 Multilateral ... . 0.0 49.7 30.6 91.2 108.4 129.6 111.3 Concessional ... . 0.0 22.8 35.5 114.6 87.8 116.6 110.1 Bilateral ... . 3.8 21.7 75.5 7.3 15.7 -5.3 7.4 Concessional ... . 0.5 5.0 51.1 14.4 40.9 2.8 17.0 Private creditors ... . 0.0 0.0 0.0 0.0 0.0 0.0 -0.6 Bonds ... . 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks ... . 0.0 0.0 0.0 0.0 0.0 0.0 -0.6 Other private ... . 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private nonguaranteed ... . 0.0 0.0 0.0 0.0 0.0 0.0 -2.5 Bonds ... . 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks ... . 0.0 0.0 0.0 0.0 0.0 0.0 -2.5 Memo: IBRD ... . 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA ... . 0.0 22.8 35.5 80.7 60.1 65.0 63.6 DEBT SERVICE (LTDS) .. . . 0.0 0.4 13.1 56.0 43.2 29.4 42.0 Public and publicly guaranteed ... . 0.0 0.4 13.1 56.0 43.2 29.4 38.4 Official creditors ... . 0.0 0.4 13.1 56.0 43.2 29.4 37.8 Multilateral ... . 0.0 0.3 5.1 33.0 2.6 6.9 10.6 Concessional ... . 0.0 0.0 0.2 0.7 1.5 2.4 3.2 Bilateral ... . 0.0 0.0 8.0 23.0 40.6 22.5 27.2 Concessional ... . 0.0 0.0 1.7 11.2 3.0 3.8 6.2 Private creditors ... . 0.0 0.0 0.0 0.0 0.0 0.0 0.6 Bonds ... . 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks ... . 0.0 0.0 0.0 0.0 0.0 0.0 0.6 Other private ... . 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private nonguaranteed ... . 0.0 0.0 0.0 0.0 0.0 0.0 3.6 Bonds ... . 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks ... . 0.0 0.0 0.0 0.0 0.0 0.0 3.6 Memo: I.BRD ... . 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA ... . 0.0 0.0 0.2 0.6 1.0 1.5 1.9 UNDISBURSED DEBT .. . . 32.3 181.7 261.7 274.8 333.5 403.6 1,044.5 Official creditors ... . 32.3 181.7 261.7 274.8 333.5 403.6 1,044.5 Private creditors ... . 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memorandum items Concessional LDOD ... . 0.5 139.9 231.7 367.5 366.4 463.6 633.3 Variable rate LDOD ... . 0.0 199.7 224.2 198.9 217.8 232.1 272.0 Public sector LDOD ... . 3.7 229.8 355.4 471.0 616.1 730.3 909.2 Private sector LDOD ... 0.0 0.0 0.0 0.0 0.0 0.0 35.0 6. CURRENCY COMPOSITION OF LONG-TERM DEBT iPERCENT) Deutsche mark ... . 0.0 0.0 0.7 2.7 2.6 2.5 2.5 French franc ... . 0.0 0.0 0.0 0.0 0.0 0.1 0.5 Japanese yen ... . 0.0 0.0 14.1 14.3 13.5 10.5 11.6 Pound sterling ... . 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Swiss franc ... . 100.0 1.6 1.5 1.3 0.7 0.1 0.0 U.S.dollars ... . 0.0 38.5 44.1 51.2 73.9 75.2 71.5 Multiple currency ... . 0.0 0.0 0.0 6.9 9.3 11.6 13.7 Special drawing rights ... . 0.0 0.0 0.0 0.0 0.0 0.0 0.0 All other currencies ... . 0.0 59.9 39.6 23.6 0.0 0.0 0.2 325 KYRGYZ REPUBLIC (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 7. DEBT RESTRIlCTURINGS Total amount rescheduled ... . 0.0 155.9 0.0 0.0 194.9 3.0 0.0 Debt stock rescheduled ... . 0.0 0.0 0.0 0.0 106.8 2.9 0.0 Principal rescheduled ... . 0.0 0.0 0.0 0.0 59.9 0.0 0.0 Official ... . 0.0 0.0 0.0 0.0 59.9 0.0 0.0 Private ... . 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Interest rescheduled ...... 0.0 0.0 0.0 27.9 0.0 0.0 Official ... . 0.0 0.0 0.0 0.0 27.9 0.0 0.0 Private ... . 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Debt forgiven ... . 0.0 0.0 0.0 0.0 0.2 0.0 0.0 Memo: interest forgiven ... . 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Debt stock reduction ... . 0.0 0.0 0.0 0.0 0.0 0.0 0.0 of which debt buyback ... . 0.0 0.0 0.0 0.0 0.0 0.0 0.0 8. DEBT STOCK-FLO%~v RECONCILIATION Total change in debt stocks ...... 286.6 155.9 162.2 156.1 163.8 219.5 Net flows on debt ... . 3.8 133.0 132.7 166.5 160.4 202.2 136.8 Net change in interest arrears . .... 0.1 12.7 -2.1 -10.3 -0.5 0.0 Interest capitalized ...... 0.0 0.0 0.0 27.9 0.0 0.0 Debt forgiveness or reduction . ... 0.0 0.0 0.0 -0.2 0.0 0.0 Cross-currency valuation ...... -78.1 -62.6 -24.5 -11.3 -10.8 15.1 Residual ...... 231.5 73.0 22.3 -10.4 -27.1 67.6 9. A%7RAGE TERJI1S OF NF%V COINLMITNIENTS ALL CREDITORS Interest (%) ... . 3.5 4.5 2.1 3.7 2.6 3.3 2.3 Maturity (years) ... . 4.2 21.8 34.3 28.8 31.6 26.9 28.4 Grace period (years) ... . 3.5 6.9 10.0 8.1 9.2 7.6 9.0 Grant element (%) ... . 19.7 38.4 66.5 50.3 60.2 51.0 60.4 Official creditors Interest (%) ... . 3.5 4.5 2.1 3.7 2.6 3.3 2.3 Maturity (years) ... . 4.2 21.8 34.3 28.8 31.6 26.9 28.4 Grace period (years) ... . 3.5 6.9 10.0 8.1 9.2 7.6 9.1 Grant element (%) ... . 19.7 38.4 66.5 50.3 60.2 51.0 60.5 Private creditors Interest (%) ... . 0.0 0.0 0.0 0.0 0.0 0.0 3.0 Maturity (years) ... . 0.0 0.0 0.0 0.0 0.0 0.0 7.9 Grace period (years) ... . 0.0 0.0 0.0 0.0 0.0 0.0 2.9 Grant element (%) ... . 0.0 0.0 0.0 0.0 0.0 0.0 27.5 Memorandum items Commnitments ... . 38.3 222.7 188.9 163.7 273.7 245.5 760.0 Official creditors ... . 38.3 222.7 188.9 163.7 273.7 245.5 757.5 Private creditors ... . 0.0 0.0 0.0 0.0 0.0 0.0 2.5 10. CONTRACTILAL OBLIGATIONS ON OUrTSTANDING LONG-TERMI DEBTr 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 TOTAL Disbursements 225.0 289.6 202.5 132.7 84.4 54.6 30.4 13.5 11.4 0.4 Principal 50.6 59.0 50.3 38.2 41.7 41.6 46.3 76.1 79.6 83.7 Interest 29.1 32.1 34.0 34.2 34.2 33.5 33.0 33.4 33.4 32.0 Official creditors Disbursements 225.0 289.6 202.5 132.7 84.4 54.6 30.4 13.5 11.4 0.4 Principal 44.8 53.2 44.1 32.0 35.5 41.2 45.9 76.0 79.6 83.7 Interest 29.1 32.1 33.9 34.2 34.2 33.4 33.0 33.4 33.4 32.0 Bilateral creditors Disbursements 60.3 48.2 30.1 17.9 10.5 5.4 3.3 1.1 0.7 0.4 Principal 29.1 47.0 36.7 24.5 27.4 27.7 28.7 25.7 25.4 25.4 Interest 18.2 17.3 15.6 13.7 12.5 11.2 9.7 9.6 9.1 7.9 Multilateral creditors Disbursements 164.7 241.4 172.5 114.8 73.9 49.2 27.1 12.3 10.7 0.0 Principal 15.7 6.2 7.5 7.5 8.1 13.5 17.2 50.2 54.2 58.3 Interest 10.9 14.8 18.3 20.5 21.7 22.3 23.3 23.8 24.4 24.1 Private creditors Disbursements 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal 5.8 5.8 6.2 6.2 6.2 0.4 0.4 0.2 0.0 0.0 Interest 0.0 0.0 0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks Disbursements 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal 0.0 0.0 0.4 0.4 0.4 0.4 0.4 0.2 0.0 0.0 Interest 0.0 0.0 0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Other private Disbursements 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal 5.8 5.8 5.8 5.8 5.8 0.0 0.0 0.0 0.0 0.0 Interest 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 326 LAO PEOPLE'S DEMOCRATIC REPUBLIC (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 I. SIJMM ARY DEBT DATA TOTAL DEBT STOCKS (EDT) .. 350 1,768 1,917 1,985 2,080 2,165 2,263 2,320 2,437 Long-term debt (LDOD) 8 333 1,758 1,887 1,948 2,022 2,091 2,186 2,247 2,373 Public and publicly guaranteed 8 333 1,758 1,887 1,948 2,022 2,091 2,186 2,247 2,373 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Useof IMF credit 0 16 8 28 36 47 64 67 66 62 Short-term debt 1 2 2 1 it 10 11 7 1 of which interest arrears on LDOD 1 0 0 0 0 0 0 0 0 Official creditors 1 0 0 0 0 0 0 0 0 Private creditors 1 0 0 0 0 0 0 0 0 Memo: principal ar-rears on LDOD ..4 1 0 0 0 0 2 2 1 Official creditors 1 1 0 0 0 0 2 2 1 Private creditors 4 0 0 0 0 0 0 0 0 Memo: export credits 0 3 2 2 5 3 30 59 69 TOTAL DEBT FLOWS Disbursements 6 60 152 63 86 66 110 198 143 95 Long-term debt 6 55 152 55 78 58 92 189 135 95 IMFpurchases 0 4 0 8 8 8 18 9 8 0 Principal repayments 1 1 6 6 24 15 19 22 20 23 Long-term debt 1 1 6 6 24 1 5 18 19 1 5 16 IMF repurchases 0 0 1 0 0 0 2 3 5 6 Net flowson debt 4 59 147 55 61 62 90 176 119 66 of which short-term debt 0 1 -2 -1 10 -1 0 -4 -6 Interest payments (INT) 1 3 4 5 5 7 7 8 8 Long-terrndebt 0 1 3 4 5 5 6 6 7 8 lMFcharges 0 0 0 0 0 0 0 0 0 0 Short-term debt 0 0 0 0 0 1 1 0 0 Net transfers on debt 57 144 51 56 56 83 169 ill 58 Total debt service paid (TDS) ..3 9 10 29 20 26 29 28 31 Long-termn debt 2 2 8 9 28 20 23 25 22 24 IMF repurchases and charges 0 0 1 0 0 0 2 3 5 7 Short-termn debt (interest only) ..0 0 0 0 0 1 1 0 0 2. AGGREGATE NET RESOURCE FLO'S AND NET TRANSFERS tLONG-TERNIi NET RESOURCE FLOWS 33 70 199 115 152 200 300 469 342 242 Net flow of long-term debt (ex. IMF) 4 54 146 49 54 43 75 170 120 78 Foreign direct investment (net) 0 0 6 8 30 59 95 160 91 46 Porffolio equity flows 0 0 0 0 0 0 0 0 0 0 Grants (excluding technical coop.) 28 16 47 59 69 98 130 139 131 118 Memo: technical coop. grants 40 14 32 48 53 57 75 74 64 68 official net resource flows 33 70 193 108 122 141 204 309 251 196 private net resource flows 0 0 6 8 30 59 95 160 91 46 NET TRANSFERS 32 69 196 Ill 148 195 294 463 334 235 Interest on long-termndebt 0 1 3 4 5 5 6 6 7 8 Profit remiittances on FDI 0 0 0 0 0 0 0 0 0 0 Memo: official net transfers 33 69 190 104 118 136 198 303 243 189 private net transfers 0 0 6 8 30 59 95 160 91 46 3. MALJOR ECONO%flC 'AGGREGATES Gross national product (GNP) . . 865 1,128 1,328 1,542 1,758 1,866 1,704 1,224 Exports of goods & services (XGS) ... 105 200 342 400 415 436 435 494 of which workers remittances ...0 0 ..0 Imports of goods & services (MGS) ... 215 309 479 680 761 783 741 644 Intemnational reserves (RES) ...8 46 70 67 99 171 117 122 Current account balance ... -55 -48 -36 -160 -237 -265 -206 -77 J. DEBT INDICATORS EDT /XGS ()... 1,690.3 960.4 581.0 520.4 521.5 518.7 533.1 493.3 EDT /GNP(% ... 204.5 170.0 149.5 134.9 123.2 121.3 136.1 199.1 TDS / XGS ()... 8.7 4.9 8.3 5.0 6.3 6.7 6.4 6.3 INT /XGS ()... 3.0 2.1 1.4 1.3 1.6 1.7 1.8 1.7 INT I GNP ()... 0.4 0.4 0.4 0.3 0.4 0.4 0.5 0.7 RES /EDT(% ... 0.5 2.4 3.5 3.2 4.6 7.6 5.1 5.0 RES /MGS (months) ... 0.5 1.8 1.8 1.2 1.6 2.6 1.9 2.3 Short-term /EDT (%) .. 0.4 0.1 0.1 0.1 0.5 0.5 0.5 0.3 0.1 Concessional / EDT (% . 93.3 99.1 98.2 97.9 97.0 96.4 96.4 96.7 97.3 Multilateral /EDT (%) .. 5.9 15.1 19.1 22.5 25.5 28.7 32.7 35.2 39.1 327 LAO PEOPLE'S DEMOCRATIC REPUBLIC (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 S. LONG-TERM DEBT DEBT OUTSTANDING (LDOD) 8 333 1,758 1,887 1,948 2,022 2,091 2,186 2,247 2,373 Public and publicly guaranteed 8 333 1,758 1,887 1,948 2,022 2,091 2,186 2,247 2,373 Official creditors 8 327 1,758 1,887 1,948 2,022 2,091 2,186 2,247 2,373 Multilateral 0 21 267 366 447 529 621 741 816 953 Concessional 0 21 267 366 447 529 621 741 816 953 Bilateral 8 306 1,491 1,521 1,501 1,493 1,471 1,445 1,431 1,420 Concessional 8 306 1,485 1,516 1,498 1,489 1,466 1,441 1,427 1,417 Private creditors 1 6 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 0 0 Other private 1 6 0 0 0 0 0 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 0 0 Memo: IBRD 0 0 0 0 0 0 0 0 0 0 IDA 0 6 131 180 217 253 285 335 358 395 DISBURSEMENTS 6 55 152 55 78 58 92 189 135 95 Public and publicly guaranteed 6 55 152 55 78 58 92 189 135 95 Official creditors 6 55 152 55 78 58 92 189 135 95 Multilateral 0 7 78 55 78 58 92 189 135 95 Concessional 0 7 78 55 78 58 92 189 135 95 Bilateral 6 48 74 0 0 0 0 0 0 0 Concessional 6 48 74 0 0 0 0 0 0 0 Private creditors 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Conunercial banks 0 0 0 0 0 0 0 0 0 0 Other private 0 0 0 0 0 0 0 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commnercial banks 0 0 0 0 0 0 0 0 0 0 Memo: IBRD 0 0 0 0 0 0 0 0 0 0 IDA 0 5 32 38 38 27 28 60 42 25 PRINCIPAL REPAYMENTS 1 1 6 6 24 15 18 19 15 16 Public and publicly guaranteed 1 1 6 6 24 15 18 19 15 16 Official creditors 1 1 6 6 24 15 18 19 15 16 Multilateral 0 0 3 3 3 3 4 3 3 5 Concessiomal 0 0 3 3 3 3 4 3 3 5 Bilateral 1 1 3 2 20 12 14 16 12 12 Concessional 1 1 2 2 20 11 13 16 11 11I Private creditors 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 0 0 Other private 0 0 0 0 0 0 0 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Comimercial banks 0 0 0 0 0 0 0 0 0 0 Memo: IBRD 0 0 0 0 0 0 0 0 0 0 IDA 0 0 0 1 1 1 1 1 1 1 NET FLOWS ON DEBT 4 54 146 49 54 43 75 170 120 78 Public and publicly guaranteed 4 54 146 49 54 43 75 170 120 78 Official creditors 5 54 146 49 54 43 75 170 120 78 Multilateral 0 7 75 51 74 55 88 186 131 90 Concessional 0 7 75 51 74 55 88 186 131 90 Bilateral 5 47 71 -2 -20 -12 -14 -16 -12 -12 Concessional 5 47 72 -2 -20 -11 -13 -16 -11 -11 Private creditors 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 0 0 Other private 0 0 0 0 0 0 0 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 0 0 Memo: IBRD 0 0 0 0 0 0 0 0 0 0 IDA 0 5 32 38 37 26 27 59 41 24 328 LAO PEOPLE'S DEMOCRATIC REPUBLIC (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 INTEREST PAYMENTS (LINT) 0 1 3 4 5 5 6 6 7 8 Public and publicly guaranteed 0 1 3 4 5 5 6 6 7 8 Officialicreditors 0 1 3 4 5 5 6 6 7 8 Multilateral 0 0 2 3 4 4 5 6 7 7 Concessional 0 0 2 3 4 4 5 6 7 7 Bilateral 0 1 1 1 1 1 1 1 1 1 Concessional 0 1 1 1 1 1 1 0 0 0 Private creditors 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commnercial banks 0 0 0 0 0 0 0 0 0 0 Other private 0 0 0 0 0 0 0 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 0 0 Memo: IBRD 0 0 0 0 0 0 0 0 0 0 IDA 0 0 1 1 1 2 2 2 2 3 NET TRANSFERS ON DEBT 4 53 144 45 49 38 69 164 112 71 Public and publicly guaranteed 4 53 144 45 49 38 69 164 112 71 Official creditors 4 53 144 45 49 38 69 164 112 71 Multilateral 0 7 73 48 70 51 83 181 125 83 Concessional 0 7 73 48 70 51 83 181 125 83 Bilateral 4 46 70 -3 -21 -12 -15 -17 -12 -12 Concessional 4 46 71 -3 -20 -12 -14 -16 -12 -12 Private creditors 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commnercial banks 0 0 0 0 0 0 0 0 0 0 Otherprivate 0 0 0 0 0 0 0 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 0 0 Memo: IiBRD 0 0 0 0 0 0 0 0 0 0 IDA 0 5 32 37 36 25 25 57 38 21 DEBT SERVICE (LTDS) 2 2 8 9 28 20 23 25 22 24 Public and publicly guaranteed 2 2 8 9 28 20 23 25 22 24 Official creditors 1 2 8 9 28 20 23 25 22 24 Multilateral 0 0 5 6 7 7 9 8 10 12 Concessional 0 0 5 6 7 7 9 8 10 12 Bilateral 1 2 4 3 21 12 15 17 12 12 Concessional 1 2 3 3 20 12 14 16 12 12 Private creditors 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Comnmercial banks 0 0 0 0 0 0 0 0 0 0 Other private 0 0 0 0 0 0 0 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 0 0 Memo: IBRD 0 0 0 0 0 0 0 0 0 0 IDA 0 0 1 2 2 2 3 3 3 4 UNDISBURSED DEBT 10 254 221 319 327 458 484 481 456 478 Official creditors 9 254 221 319 327 458 484 481 456 478 Private creditors 1 0 0 0 0 0 0 0 0 0 Memorandutm items Concessional LDOD 8 327 1,752 1,882 1,944 2,018 2,086 2,182 2,244 2,370 Variable rate LDOD 0 0 0 0 0 0 0 0 0 0 Public sector LDOD 8 333 1,758 1,887 1,948 2,022 2,091 2,186 2,247 2,373 Private sector LDOD 0 0 0 0 0 0 0 0 0 0 6. CUJRRENCYl CONMPOSFTION OF LONG-TERM DEBT (PERCENT) Deutsche mar-k 76.7 10.3 1.8 0.0 0.0 0.0 0.1 0.1 0.0 0.0 French franc 13.2 4.3 0.3 0.2 0.2 0.2 0.2 0.1 0.1 0.1 Japanese yen 0.0 7.7 1.5 1.3 1.3 1.3 1.1 0.8 0.7 0.7 Pound sterling 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Swiss franc 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 U.S.dollars 9.6 3.6 7.1 9.2 10.7 12.0 13.1 14.8 15.6 16.6 Multiple currency 0.0 2.9 7.1 9.4 11.4 13.1 15.4 17.8 19.4 22.1 Special drawing rights 0.0 0.0 1.1 1.0 0.9 1.1 1.2 1.4 1.3 1.4 All other cuffencies 0.5 71.2 81.1 78.9 75.5 72.3 68.9 65.0 62.9 59.1 329 LAO PEOPLE'S DEMOCRATIC REPUBLIC (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 7. DEBT RESTRUCTURINGS Total amount rescheduled 0 0 0 0 0 0 0 0 Debt stock rescheduled 0 0 0 0 0 0 0 0 Principal rescheduled 0 0 0 0 0 0 0 0 Official 0 0 0 0 0 0 0 0 Private 0 0 0 0 0 0 0 0 Interest rescheduled 0 0 0 0 0 0 0 0 Official 0 0 0 0 0 0 0 0 Private ..0 0 0 () 0 0 0 0 Debt forgiven 0 0 0 0 0 0 0 0 Memo: interest forgiven 0 0 0 0 0 0 0 0 Debt stock reduction 0 0 0 0 0 0 0 0 of which debt buyback 0 0 0 0 0 0 0 0 8. DEBT STOCK-FLOW RECONCILLUTION Total change in debt stocks 296 42 69 95 85 99 57 117 Net flows on debt 4 59 147 55 6 1 62 90 176 119 66 Net change in interest arrears ...0 0 0 0 0 0 0 0 Interest capitalized ...0 0 0 0 0 0 0 0 Debt forgiveness or reduction ...0 0 0 0 0 0 0 0 Cross-currency valuation ... 157 -1 3 5 0 -3 -4 4 Residual ... -8 -12 5 28 -5 -74 -59 47 9. AVERAGE TERN~IS OF N-EW Comm ITmEN TS ALL CREDITORS Interest (%) 3.0 0.2 0.9 0.9 0.9 0.9 2.5 2.0 2.6 1.7 Maturity (years) 28.2 33.0 39.9 39.8 39.4 39.7 37.1 37.6 39.1 39.4 Grace period (years) 4.4 25.5 10.0 10.2 9.9 10.2 9.7 8.8 10.1 9.9 Grant element (%) 51.1 91.1 79.0 79.6 78.5 79.2 62.0 66.7 63.6 71.7 Official creditors Interest (%) 2.5 0.2 0.9 0.9 0.9 0.9 2.5 2.0 2.6 1.7 Maturity (years) 30.8 33.0 39.9 39.8 39.4 39.7 37.1 37.6 39.1 39.4 Grace period (years) 4.2 25.5 10.0 10.2 9.9 10.2 9.7 8.8 10.1 9.9 Grant element (%) 55.8 91.1 79.0 79.6 78.5 79.2 62.0 66.7 63.6 71.7 Private creditors Interest (%) 6.3 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Maturity (years) 10.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Grace period (years) 5.6 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Grant clement (%) 18.2 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memorandum items Cominitments 12 96 125 64 84 171 110 173 143 128 Official creditors 1 1 96 125 64 84 171 110 173 143 128 Private creditors 2 0 0 0 0 0 0 0 0 0 10. CONTRACTUA.I OBLIGATIONS ON OLrTSTANDING LONG-TERAI DEBT 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 TOTAL Disbursements 147 128 87 54 32 16 10 4 0 0 Principal 20 25 26 28 31 33 100 90 94 100 Interest 10 1 1 12 12 12 12 12 15 17 17 Official creditors Disbursements 147 128 87 54 32 16 10 4 0 0 Principal 20 25 26 28 3 1 33 100 90 94 100 Interest 10 I11 12 12 12 12 12 1 5 17 17 Bilateral creditors Disbursements 0 0 0 0 0 0 0 0 0 0 Principal 14 14 14 14 14 12 77 64 63 63 Interest 0 0 0 0 0 0 0 0 0 0 Multilateral creditors Disbursements 147 128 87 54 32 16 10 4 0 0 Principal 6 1 1 12 15 1 8 20 23 27 3 1 37 Interest 10 1 1 12 12 12 12 12 15 17 17 Private creditors Disbursements 0 0 0 0 0 0 0 0 0 0 Principal 0 0 0 0 0 0 0 0 0 0 Interest 0 0 0 0 0 0 0 0 0 0 Commercial banks Disbursements 0 0 0 0 0 0 0 0 0 0 Principal 0 0 0 0 0 0 0 0 0 0 Interest 0 0 0 0 0 0 0 0 0 0 Other private Disbursements 0 0 0 0 0 0 0 0 0 0 Principal 0 0 0 0 0 0 0 0 0 0 Interest 0 0 0 0 0 0 0 0 0 0 330 LAT VIA (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 I. SUMMAURY DEBT DATA TOTAL DEBT STOCKS (EDT) .. . . 64.6 235.8 373.8 462.6 474.7 503.2 755.9 Long-term debt (LDOD) .. . . 30.0 123.6 207.5 271.1 300.4 352.3 495.8 Public and publicly guaranteed ... . 30.0 123.6 207.5 271.1 300.4 322.3 413.3 Private nonguaranteed ... . 0.0 0.0 0.0 0.0 0.0 30.0 82.5 Use of IMF credit .. . . 34.6 106.8 160.3 160.4 129.9 85.9 63.9 Short-term debt ... . 0.0 5.4 6.0 31.2 44.4 65.0 196.2 of which interest arrears on LDOD .. . . 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Official creditors ... . 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private creditors ... . 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: principal arrears on LDOD ... . 0.0 1.9 0.0 0.0 0.0 0.0 0.0 Official creditors ... . 0.0 1.9 0.0 0.0 0.0 0.0 0.0 Private creditors ... . 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: export credits ... . 13.0 41.0 102.0 124.0 118.0 176.0 182.0 TOTAL DEBT FLOWS Disbursements .. . . 66.6 174.9 130.0 75.2 59.3 142.9 126.9 Long-termn debt ... . 31.2 101.5 84.2 75.2 59.3 142.9 126.9 IMF purchases ... . 35.4 73.5 45.9 0.0 0.0 0.0 0.0 Principal repayments ... . 0.0 4.4 9.5 10.0 39.1 104.6 51.6 Long-term debt ... . 0.0 4.4 9.5 7.1 13.6 67.9 26.8 IMF repurchases ... . 0.0 0.0 0.0 2.9 25.5 36.7 24.8 Net flowvs on debt .. . . 66.6 175.8 121.2 90.4 33.4 58.9 206.5 of which short-termn debt ... . 0.0 5.3 0.7 25.2 13.2 20.6 131.2 Interest payments (INT) .. . . 0.2 6.6 16.0 24.3 25.9 27.6 31.3 Long-term debt ... . 0.2 3.8 9.5 14.2 17.2 19.4 21.2 INV charges ... . 0.0 2.7 6.2 9.0 6.7 5.2 3.6 Short-term debt ... . 0.0 0.1 0.3 1.1 2.0 3.0 6.5 Net transfers on debt .. . . 66.4 169.2 105.2 66.1 7.5 31.3 175.2 Total debt service paid (TDS) .. . . 0.2 11.0 25.6 34.3 65.0 132.2 83.0 Long-term debt ... . 0.2 8.2 19.0 21.3 30.8 87.3 48.0 RAM repurchases and charges ... . 0.0 2.7 6.2 11.8 32.2 41.9 28.4 Short-termn debt (interest only) 0.0 0.1 0.3 1.1 2.0 3.0 6.5 2. AGGREGATE NET RESOUJRCE FLOWS A'ND NET TRANSFERS (LONG-TERIN3 NET RESOURCE FLOWS .. . . 113.4 160.6 310.2 271.5 468.8 670.1 530.3 Net flow of long-term debt (ex. IMF) ..31.2 97.0 74.6 68.1 45.7 75.0 100.1 Foreign direct investinent (net) ..29.0 45.0 214.5 179.6 382.0 521.0 357.0 Portfolio equity flows ... . 0.0 0.0 0.0 0.0 0.0 25.6 4.4 Grants (excluding technical coop.) ... . 53.2 18.6 21.1 23.8 41.1 48.6 68.8 Memo: technical coop. grants ... . 18.1 14.9 28.0 37.5 29.0 24.3 23.9 official net resource flows ... . 70.8 111.1 81.0 46.4 81.2 111.2 163.9 private net resource flows ... . 42.6 49.5 229.2 225.1 387.6 558.9 366.4 NET TRANSFERS .. . . 113.1 156.8 300.6 257.3 441.7 638.7 489.0 Interest on long-term debt ... . 0.2 3.8 9.5 14.2 17.2 19.4 21.2 Profit remittance-s on FDI ... . 0.0 0.0 0.0 0.0 10.0 12.0 20.0 Memo: official net transfers ..70.7 107.9 72.4 33.6 68.1 95.9 148.0 private net transfers ..42.4 48.9 228.2 223.7 373.6 542.8 341.0 3. M%AJOR ECONOMIC AGGREGATES Gross national product (GNP) ... . 6,364.9 5,333.0 5,474.3 4,924.8 5,176.2 5,692.8 6,449.8 Exports of goods & services (XGS) ... . 1,092.9 1,605.0 1,729.6 2,158.7 2,753.6 3,049.8 3,262.1 of which workers renmittances . ..........1.7 3.0 Imports of goods & services (MGS) ... . 997.6 1,266.1 1,661.2 2,245.7 3,126.9 3,470.5 4,056.4 Intemnational reserves (RES) ...... 526.4 640.7 602.1 746.1 776.3 800.0 Currerntaccount balance ... . 191.4 416.8 201.2 -16.2 -279.8 -345.0 -712.8 4. DEBT INDICATORS EDT /XGS(% .. . 5.9 14.7 21.6 21.4 17.2 16.5 23.2 EDT /GNP(% .. . 1.0 4.4 6.8 9.4 9.2 8.8 11.7 TDS / XGS ()..... 0.0 0.7 1.5 1.6 2.4 4.3 2.5 INT /XGS ()..... 0.0 0.4 0.9 1.1 0.9 0.9 1.0 lINT I GNP (%) ... . 0.0 0.1 0.3 0.5 0.5 0.5 0.5 RES /EDT (%) ...... 223.2 171.4 130.2 157.2 154.3 105.8 RES / MGS (months) ...... 5.0 4.6 3.2 2.9 2.7 2.4 Short-term/ EDT (91) ... . 0.0 2.3 1.6 6.7 9.4 12.9 26.0 Concessional / EDT ()..... 14.4 14.6 15.8 12.7 13.4 13.9 10.0 Multilateral / EDT (91) ... . 0.0 28.3 30.7 30.1 34.5 39.6 37.9 331 LAT VIA (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 5. LONG-TERM DEBT DEBT OUTSTANDING (LDOD) .. . . 30.0 123.6 207.5 271.1 300.4 352.3 495.8 Public and publicly guaranteed . .. 30.0 123.6 207.5 271.1 300.4 322.3 413.3 Official creditors ... 17.2 107.0 173.7 200.4 229.4 272.9 365.0 Multilateral ... . 0.0 66.8 114.8 139.2 163.7 199.1 286.1 Concessional ... . 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bilateral ... 17.2 40.2 58.9 61.2 65.8 73.8 78.9 Concessional ... . 9.3 34.5 58.9 58.9 63.7 69.7 75.4 Private creditors ... . 12.8 16.6 33.8 70.6 71.0 49.4 48.4 Bonds ... . 0.0 0.0 0.0 38.9 34.5 0.0 0.0 Commercial banks ... . 2.5 0.0 0.0 0.0 2.2 1.9 2.0 Other private ... . 10.3 16.6 33.8 31.7 34.3 47.5 46.3 Private nonguaranteed ... . 0.0 0.0 0.0 0.0 0.0 30.0 82.5 Bonds ... . 0.0 0.0 0.0 0.0 0.0 30.0 30.0 Commercial banks ... . 0.0 0.0 0.0 0.0 0.0 0.0 52.5 Memo: IBRD ... . 0.0 20.9 44.8 54.9 74.8 120.1 186.5 IDA ... . 0.0 0.0 0.0 0.0 0.0 0.0 0.0 DISBURSEMENTS .. . . 31.2 101.5 84.2 75.2 59.3 142.9 126.9 Public and publicly guaranteed .. . . 31.2 101.5 84.2 75.2 59.3 112.9 106.8 Official creditors ... . 17.6 94.5 65.4 26.4 46.2 93.1 103.9 Multilateral .. ... 0.0 69.3 41.6 23.2 37.8 75.4 100.4 Concessional ... . 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bilateral ... . 17.6 25.2 23.8 3.2 8.4 17.6 3.5 Concessional ... . 9.3 25.2 23.8 0.8 8.1 14.3 3.1 Private creditors ... . 13.6 7.0 18.8 48.9 13.1 19.8 2.8 Bonds ... . 0.0 0.0 0.0 42.8 0.0 0.0 0.0 Commercial banks ... . 2.5 0.0 0.0 0.0 2.3 0.0 0.0 Other private ... . 11.1 7.0 18.8 6.1 10.9 19.8 2.8 Private nonguaranteed .. . . 0.0 0.0 0.0 0.0 0.0 30.0 20.2 Bonds ... . 0.0 0.0 0.0 0.0 0.0 30.0 0.0 Commercial banks ... . 0.0 0.0 0.0 0.0 0.0 0.0 20.2 Memo: IBRD ... . 0.0 21.3 22.0 8.7 24.3 52.8 81.8 IDA ... . 0.0 0.0 0.0 0.0 0.0 0.0 0.0 PRINCIPAL REPAYMENTS .. . . 0.0 4.4 9.5 7.1 13.6 67.9 26.8 Public and publicly guaranteed ... . 0.0 4.4 9.5 7.1 13.6 67.9 14.5 Official creditors ... . 0.0 1.9 5.5 3.8 6.1 30.4 8.8 Multilateral ... . 0.0 0.0 0.0 3.8 5.7 25.2 5.4 Concessional ... . 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bilateral ... . 0.0 1.9 5.5 0.0 0.5 5.2 3.5 Concessional ... . 0.0 0.0 0.0 0.0 0.0 4.2 2.4 Private creditors ... . 0.0 2.5 4.0 3.3 7.5 37.5 5.6 Bonds ... . 0.0 0.0 0.0 0.0 0.0 33.1 0.0 Comimercial banks ... . 0.0 2.5 0.0 0.0 0.0 0.0 0.0 Other private ... . 0.0 0.0 4.0 3.3 7.5 4.4 5.6 Private nonguaranteed ... . 0.0 0.0 0.0 0.0 0.0 0.0 12.3 Bonds ... . 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks ... . 0.0 0.0 0.0 0.0 0.0 0.0 12.3 Memo: IBRD ... . 0.0 0.0 0.0 0.0 0.0 0.0 3.6 IDA ... . 0.0 0.0 0.0 0.0 0.0 0.0 0.0 NET FLOWS ON DEBT .. . . 31.2 97.0 74.6 68.1 45.7 75.0 100.1 Public and publicly guaranteed .. . . 31.2 97.0 74.6 68.1 45.7 45.0 92.3 Official creditors ... . 17.6 92.5 59.9 22.6 40.1 62.6 95.1 Multilateral ... . 0.0 69.3 41.6 19.4 32.1 50.3 95.0 Concessional ... . 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bilateral ... . 17.6 23.3 18.3 3.2 8.0 12.4 0.1 Concessional ... . 9.3 25.2 23.8 0.8 8.1 10.1 0.7 Private creditors ... . 13.6 4.5 14.7 45.5 5.6 -17.7 -2.8 Bonds ... . 0.0 0.0 0.0 42.8 0.0 -33.1 0.0 Commercial banks .. 2.5 -2.5 0.0 0.0 2.3 0.0 0.0 Other private ... . 11.1 7.0 14.7 2.8 3.3 15.4 -2.8 Private nonguaranteed ... . 0.0 0.0 0.0 0.0 0.0 30.0 7.8 Bonds ... . 0.0 0.0 0.0 0.0 0.0 30.0 0.0 Comimercial banks ... . 0.0 0.0 0.0 0.0 0.0 0.0 7.8 Memo: IBRD ... . 0.0 21.3 22.0 8.7 24.3 52.8 78.2 IDA ... . 0.0 0.0 0.0 0.0 0.0 0.0 0.0 332 LAT VIA (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 INTEREST PAYMENTS (LINT) .. . . 0.2 3.8 9.5 14.2 17.2 19.4 21.2 Public and publicly guaranteed ... . 0.2 3.8 9.5 14.2 17.2 19.4 17.2 Official creditors ... . 0.1 3.2 8.6 12.8 13.1 15.3 15.9 Multilateral ... . 0.0 2.6 6.3 9.1 10.0 11.2 12.4 Concessional ... . 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bilateral ... . 0.1 0.5 2.2 3.7 3.2 4.1 3.4 Concessional ... . 0.0 0.2 1.7 3.6 3.0 3.1 3.1 Private creditors ... . 0.2 0.6 1.0 1.4 4.0 4.1 1.4 Bonds ... . 0.0 0.0 0.0 0.0 2.0 1.8 0.0 Commercial banks ... . 0.2 0.0 0.0 0.0 0.0 0.0 0.0 Other private ... . 0.0 0.6 1.0 1.4 2.0 2.3 1.4 Private nonguaranteed ... . 0.0 0.0 0.0 0.0 0.0 0.0 4.0 Bonds ... . 0.0 0.0 0.0 0.0 0.0 0.0 2.0 Commercial banks ... . 0.0 0.0 0.0 0.0 0.0 0.0 2.0 Memo: IBRD ... . 0.0 0.3 2.0 3.5 4.1 5.6 8.3 IDA ... . 0.0 0.0 0.0 0.0 0.0 0.0 0.0 NET TRANSFERS ON DEBT .. . . 30.9 93.3 65.1 53.9 28.5 55.6 78.9 Public and publicly guaranteed ... . 30.9 93.3 65.1 53.9 28.5 25.6 75.1 Official creditors ... . 17.5 89.4 51.4 9.8 26.9 47.3 79.2 Multilateral ... . 0.0 66.7 35.3 10.3 22.2 39.0 82.6 Concessional ... . 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bilateral ... . 17.5 22.7 16.1 -0.5 4.8 8.3 -3.4 Concessional ... . 9.3 25.0 22.1 -2.8 5.1 7.0 -2.4 Private creditors ... . 13.4 3.9 13.8 44.1 1.6 -21.7 -4.2 Bonds ... . 0.0 0.0 0.0 42.8 -2.0 -34.9 0.0 Commercial banks ... . 2.3 -2.5 0.0 0.0 2.3 0.0 0.0 Other private ... . 11.1 6.5 13.8 1.3 1.3 13.1 -4.2 Private nonguaranteed ... . 0.0 0.0 0.0 0.0 0.0 30.0 3.8 Bonds ... . 0.0 0.0 0.0 0.0 0.0 30.0 -2.0 Comimercial banks ... . 0.0 0.0 0.0 0.0 0.0 0.0 5.8 Memo: IBRD ... . 0.0 21.0 20.0 5.2 20.3 47.2 69.9 IDA ... . 0.0 0.0 0.0 0.0 0.0 0.0 0.0 DEBT SERVICE (LTDS) .. . . 0.2 8.2 19.0 21.3 30.8 117.3 48.0 Public and publicly guaranteed ... . 0.2 8.2 19.0 21.3 30.8 117.3 31.7 Official creditors ... . 0.1 5.1 14.0 16.6 19.2 45.7 24.7 Multilateral ... . 0.0 2.6 6.3 12.9 15.6 3'16.4 17.8 Concessional ... . 0.0 0.0 0.0 0.0 0.0 '0.0 0.0 Bilateral ... . 0.1 2.5 7.7 3.7 3.6 9.3 6.9 Concessional ... . 0.0 0.2 1.7 3.6 3.0 7.3 5.5 Private creditors ... . 0.2 3.1 5.0 4.8 11.6 L-.16 7.0 Bonds ... . 0.0 0.0 0.0 0.0 2.0 34.9 0.0 Cormmercial banks ... . 0.2 2.5 0.0 0.0 0.0 0.0 0.0 Other private ... . 0.0 0.6 5.0 4.8 9.6 6.7 7.0 Private nonguaranteed ... . 0.0 0.0 0.0 0.0 0.0 0.0 16.3 Bonds ... . 0.0 0.0 0.0 0.0 0.0 0.0 2.0 Cormmercial banks ... . 0.0 0.0 0.0 0.0 0.0 0.0 14.3 Memo: IBRD ... . 0.0 0.3 2.0 3.5 4.1 5.6 11.9 IDA ... . 0.0 0.0 0.0 0.0 0.0 0.0 0.0 UNDISBURSED DEBT .. . . 95.0 173.6 183.8 224.0 312.0 236.5 247.9 Official creditors ... . 84.6 159.0 176.3 207.2 297.3 231.6 245.7 Private creditors ... . 10.4 14.6 7.5 16.8 14.7 4.9 2.2 Memorandum items Concessional LDOD ... . 9.3 34.5 58.9 58.9 63.7 69.7 75.4 Variable rate LDOD ... . 15.7 110.2 153.2 172.6 206.3 267.7 400.1 Public sector LDOD ... . 30.0 122.7 196.0 252.1 287.8 311.2 403.3 Private sector LDOD ... . 0.0 0.9 11.5 18.9 12.6 41.0 92.5 6. CURRENCI COMPOSITION OF LONG-TERM DEBT iPERCENT) Deutsche mark ... . 8.0 3.7 3.6 8.5 8.1 9.9 17.2 French franc ... . 0.0 0.0 0.0 0.0 0.0 2.7 2.2 Japanese yen.... 0.0 0.0 15.6 26.2 23.0 13.4 11.6 Pound sterling ... . 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Swiss franc ... . 0.0 0.0 0.0 0.0 0.0 0.0 0.5 U.S.dollars ... . 52.4 67.7 54.8 45.0 43.9 4.2.6 39.7 Multiple currency ... . 0.0 16.9 21.6 20.3 24.9 20.1 27.6 Special drawing rights ... . 0.0 0.0 0.0 0.0 0.0 0.0 0.0 All other cur-rencies ... . 39.6 11.7 4.4 0.0 0.1 1.3 1.2 333 LATVIA (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 7. DEBT RESTRUCTURINGS Total amount rescheduled ... . 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Debt stock rescheduled ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal rescheduled ... . 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Official ... . 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private ... . 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Interest rescheduled ...... 0.0 0.0 0.0 0.0 0.0 0.0 Official ... . 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private ... . 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Debt forgiven ... . 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: interest forgiven ..0.0 0.0 0.0 0.0 0.0 0.0 0.0 Debt stock reduction ..0.0 0.0 0.0 0.0 0.0 0.0 0.0 of which debt buyback ..0.0 0.0 0.0 0.0 0.0 0.0 0.0 8. DEBT STOCK-FLOW RECONCFLLATION Total change in debt stocks ...... 171.2 138.0 88.9 12.1 28.5 252.7 Net flows on debt ... . 66.6 175.8 121.2 90.4 33.4 58.9 206.5 Net change in interest arrears ...... 0.0 0.0 0.0 0.0 0.0 0.0 Interest capitalized ...... 0.0 0.0 0.0 0.0 0.0 0.0 Debt forgiveness or reduction ...... 0.0 0.0 0.0 0.0 0.0 0.0 Cross-currency valuation ...... -1.7 8.6 1.1 -14.2 -14.4 14.0 Residual ...... -2.9 8.2 -2.7 -7.1 -16.0 32.3 9. AVERAGE TERIMS OF NEW COMMITMENTS ALL CREDITORS Interest (%) ... . 6.0 4.2 6.9 5.2 5.5 5.7 5.1 Maturity (years) ... . 13.7 9.5 14.7 9.0 15.3 13.8 17.4 Grace period (years) ... . 4.0 5.8 4.2 3.3 4.0 4.1 4.5 Grant element (%) ... . 19.5 29.2 16.8 19.2 24.8 22.9 30.0 Official creditors Interest (%) ... . 6.2 4.1 6.8 5.3 5.7 5.7 5.1 Maturity (years) ... . 14.6 9.8 16.3 14.1 15.7 14.0 17.4 Grace period (years) ... . 4.3 6.1 4.7 4.1 4.2 4.3 4.5 Grant element (%) ... . 19.5 30.3 18.6 25.3 24.4 23.1 30.0 Private creditors Interest (%) ... . 5.0 5.8 7.6 5.1 2.5 5.4 0.0 Maturity (years) ... . 8.1 6.3 3.3 3.9 11.1 12.0 0.0 Grace period (years) ... . 2.4 2.0 0.6 2.5 1.2 2.5 0.0 Grant element (%) ... . 19.2 13.3 3.6 13.1 30.6 21.4 0.0 Memorandum items Commiitments ... . 120.3 184.5 82.7 116.3 188.2 102.0 89.3 Official creditors ... . 102.7 172.4 72.5 58.4 174.0 89.5 89.3 Private creditors ... . 17.6 12.1 10.2 57.9 14.2 12.5 0.0 10. CONTRACTUAL OBLIGATIONS ON OUTSTANDING LONG-TERMI DEBT TOTAIL Disbursements 64.8 70.9 49.3 28.5 14.9 9.8 4.2 2.3 1.1 0.7 Principal 39.8 150.7 57.9 43.1 45.8 50.4 50.5 50.3 48.6 47.6 Interest 29.3 29.9 25.7 24.9 23.4 21.3 18.8 16.1 13.3 10.6 Official creditors Disbursements 63.3 70.4 49.1 28.5 14.9 9.8 4.2 2.3 1.1 0.7 Principal 13.4 95.2 34.5 38.5 42.4 46.9 46.9 46.9 46.6 45.7 Interest 24.1 25.9 24.4 24.1 22.8 20.8 18.3 15.7 13.1 10.4 Bilateral creditors Disbursements 2.6 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal 5.9 26.9 5.5 4.8 4.8 4.7 4.7 4.7 4.7 4.7 Interest 3.9 3.7 2.1 1.8 1.6 1.4 1.2 1.0 0.7 0.5 Multilateral creditors Disbursements 60.7 70.4 49.0 28.5 14.9 9.8 4.2 2.3 1.1 0.7 Principal 7.5 68.3 29.0 33.7 37.6 42.2 42.2 42.2 41.8 41.0 Interest 20.2 22.2 22.3 22.3 21.1 19.4 17.1 14.8 12.3 9.9 Private creditors Disbursements 1.5 0.5 0.2 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal 26.5 55.5 23.3 4.7 3.4 3.4 3.6 3.3 2.0 1.9 Interest 5.1 4.0 1.3 0.8 0.6 0.5 0.5 0.4 0.3 0.2 Commercial banks Disbursements 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal 0.0 0.0 0.0 0.0 0.0 0.0 0.5 0.5 0.5 0.5 Interest 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.0 0.0 0.0 Other private Disbursements 1.5 0.5 0.2 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal 26.5 55.5 23.3 4.7 3.4 3.4 3.1 2.8 1.5 1.4 Interest 5.1 4.0 1.2 0.7 0.6 0.5 0.4 0.3 0.3 0.2 334 LEBANON (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 1. SUMIMARY DEBT DATA TOTAL DEBT STOCKS (EDT) 510 1,779 1,806 1,345 2,118 2,966 3,996 5,033 6,725 Long-term debt (LDOD) 64 216 358 301 368 778 1,601 2,343 3,238 4,765 Public and publicly guaranteed 64 216 358 301 368 778 1,551 1,933 2,353 3,980 Private nonguaranteed 0 0 0 0 0 0 50 410 885 785 Use ofIMF credit 0 0 0 0 0 0 0 0 0 0 Short-term debt 294 1,421 1,505 977 1,340 1,365 1,653 1,795 1,961 of which interest arTears onLDOD 0 39 22 18 11 10 0 0 0 Official creditors 0 16 4 2 1 0 0 0 0 Private creditors 0 23 18 16 10 10 0 0 0 Memo: principal arrears on LDOD 0 132 56 54 49 41 0 0 0 Official creditors 0 28 9 10 12 0 0 0 0 Private creditors 0 104 47 44 37 41 0 0 0 Memo: export credits 0 345 336 309 303 403 520 728 943 TOTAL DEBT FLOWS Disbursements 12 120 12 6 55 481 907 830 1,386 1,656 Long-term debt 12 120 12 6 55 481 907 830 1,386 1,656 IMF purchases 0 0 0 0 0 0 0 0 0 0 Principal repayments 2 7 27 40 45 96 104 69 438 169 Long-term debt 2 7 27 40 45 96 104 69 438 169 IMFrepurchases 0 0 0 0 0 0 0 0 0 0 Net flows~ on debt 10 236 726 274 -514 755 830 1,059 1,090 1,653 of which short-terindebt 124 742 308 -524 370 26 298 142 166 Interest payments (INT) 45 72 98 90 89 121 231 296 358 Long-term debt 1 6 11 25 23 26 54 149 201 263 IMFcharges 0 0 0 0 0 0 0 0 0 0 Short-term debt .. 39 6 1 73 67 63 67 83 95 95 Net transfers on debt .. 191 654 176 -605 666 709 828 794 1,294 Total debt service paid (TDS) 53 99 138 135 185 224 301 734 528 Long-term debt 4 13 39 65 68 122 158 218 639 432 IMF repurchases and charges 0 0 0 0 0 0 0 0 0 0 Short-termn debt (interest only) .. 39 61 73 67 63 67 83 95 95 2. AGGREGATE NET RESOLURCE FLOWS AND NET TR-ANSFERS (LONG-TERNI) NET RESOURCE FLOWS 12 311 203 11 60 489 917 1,015 1,306 1,941 Net flow of long-term debt (ex. IIMF) 10 112 -16 -34 10 385 804 761 948 1,487 Foreign direct investment (net) 0 0 6 4 6 7 35 80 150 200 Portfolio equity flows 0 0 0 0 0 1 34 122 89 147 Grants (excluding technical coop.) 3 199 213 41 43 96 44 52 119 107 Memo: technical coop. grants 9 19 39 90 84 99 94 97 43 45 official net resource flows 12 242 191 1 1 59 83 165 275 239 201 private net resource flows 0 70 12 -1 1 407 753 740 1,067 1,740 NET TRANSFERS 11 305 192 -14 36 463 863 867 1,105 1,678 Interest on long-term debt 1 6 1 1 25 23 26 54 149 201 263 Profit renmittances on FDI 0 0 0 0 0 0 0 0 0 0 Memo: official net transfers I11 236 181 -7 40 62 146 249 208 167 private net transfers 0 69 1 1 -7 -4 401 718 617 897 1,511 3. MIAJOR ECONOlMIC AGGREGATES Gross national product (GNP) ... 3,461 5,788 7,706 9,436 11,551 13,283 15,342 16,504 Exports of goods & services (XGS) ... 3,023 3,106 3,157 3,481 4,493 4,724 5,098 2,827 of which workers remiittances 0 0 1,818 2,016 2,050 2,166 2,391 2,503 2,588 Imports of goods & services (MGS) ... 2,908 4,424 5,542 6,222 7,629 8,114 8,626 International reserves (RES) 405 7,025 4,210 4,570 5,863 7,419 8,100 9,337 8,653 9,210 Current account balance ... 115 -1,318 -2,386 -2,742 -3,136 -3,343 -3,481 -3,888 4. DEBT INDICATORS EDT /XGS ()... 58.9 58.1 42.6 60.9 66.0 84.6 98.7 237.9 EDT /GNIP( ... 51.4 31.2 17.5 22.5 25.7 30.1 32.8 40.8 TDS / XGS ()... 3.3 4.4 4.3 5.3 5.0 6.4 14.4 18.7 lINT / XGS ()... 2.4 3.2 2.9 2.6 2.7 4.9 5.8 12.7 IINT /GNP(% ... 2.1 1.7 1.2 0.9 1.0 1.7 1.9 2.2 RES /EDT(% . 1,376.6 236.7 253.0 436.0 350.2 273.1 233.6 171.9 137.0 RES / MGS (months) ... 17.4 12.4 12.7 14.3 12.7 13.8 12.0 Short-term /EDT (%) .. 57.6 79.9 83.4 72.6 63.3 46.0 41.4 35.7 29.2 Concessional /EDT(% . 14.5 6.2 4.9 7.2 6.3 9.2 10.4 9.3 7.7 Multilateral /EDT (%) .. 15.2 4.8 2.6 5.9 5.9 6.7 8.2 7.4 7.1 335 LEBANON (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 5. LONG-rERM% DEBT DEBT OUTSTANDING (LDOD) 64 216 358 301 368 778 1,601 2,343 3,238 4,765 Public and publicly guaranteed 64 216 358 301 368 778 1,551 1,933 2,353 3,980 Official creditors 64 146 188 212 289 295 428 630 710 829 Multilateral 18 78 85 48 79 125 198 326 371 476 Concessional 0 21 30 17 24 45 63 169 186 223 Bilateral 46 68 104 165 210 170 230 304 339 353 Concessional 31 53 81 71 72 89 209 246 281 295 Private creditors 0 71 169 88 79 483 1,123 1,304 1,643 3,151 Bonds 0 0 0 0 0 400 700 800 1,040 2,499 Commercial banks 0 70 0 0 27 26 359 482 583 632 Other private 0 1 169 88 52 58 64 22 21 19 Private nonguaranteed 0 0 0 0 0 0 50 410 885 785 Bonds 0 0 0 0 0 0 50 410 885 785 Commercial banks 0 0 0 0 0 0 0 0 0 0 Memo: IBRD 18 27 34 23 39 64 113 132 151 199 IDA 0 0 0 0 0 0 0 0 0 0 DISBURSEMENTS 12 120 12 6 55 481 907 830 1,386 1,656 Public and publicly guaranteed 12 120 12 6 55 481 857 470 911 1,656 Official creditors 12 50 5 3 52 69 213 244 146 121 Multilateral 0 17 0 0 42 52 80 147 75 102 Concessional 0 5 0 0 10 24 21 109 25 36 Bilateral 12 33 5 3 10 17 133 97 71 19 Concessional 6 18 5 3 10 17 125 59 63 18 Private creditors 0 70 6 3 3 411 644 227 765 1,536 Bonds 0 0 0 0 0 400 300 100 644 1,450 Commnercial banks 0 70 0 0 0 8 340 126 121 86 Other private 0 0 6 3 3 4 4 1 0 0 Private nonguaranteed 0 0 0 0 0 0 50 360 475 0 Bonds 0 0 0 0 0 0 50 360 475 0 Commercial banks 0 0 0 0 0 0 0 0 0 0 Memo: IBRD 0 8 0 0 22 27 51 32 39 48 IDA 0 0 0 0 0 0 0 0 0 0 PRINCIPAL REPAYMENTS 2 7 27 40 45 96 104 69 438 169 Public and publicly guaranteed 2 7 27 40 45 96 104 69 438 69 Official creditors 2 7 27 33 37 83 93 20 26 27 Multilateral 1 3 7 13 10 10 10 8 12 12 Concessional 0 0 0 4 3 3 3 3 4 2 Bilateral 1 4 21 19 27 73 83 12 14 15 Concessional 1 4 1 11 4 6 10 12 13 12 Private creditors 0 0 0 7 8 1 3 11 49 412 42 Bonds 0 0 0 0 0 0 0 0 400 0 Commercial banks 0 0 0 0 0 12 9 9 11 41 Other private 0 0 0 7 8 2 2 40 1 2 Private nonguaranteed 0 0 0 0 0 0 0 0 0 100 Bonds 0 0 0 0 0 0 0 0 0 100 Commercial banks 0 0 0 0 0 0 0 0 0 0 Memo: IBRD 1 3 7 5 5 4 4 4 8 9 IDA 0 0 0 0 0 0 0 0 0 0 NET FLOWS ON DEBT 10 112 -16 -34 10 385 804 761 948 1,487 Public and publicly guaranteed 10 112 -16 -34 10 385 754 401 473 1,587 Official creditors 10 43 -22 -29 15 -13 120 223 120 94 Multilateral -1 14 -6 -13 33 42 70 139 63 90 Concessional 0 5 0 -4 7 21 18 106 21 34 Bilateral 11 29 -16 -16 -17 -55 50 85 57 4 Concessional 5 14 4 -7 5 12 115 47 50 7 Private creditors 0 70 6 -5 -5 398 633 178 353 1,493 Bonds 0 0 0 0 0 400 300 100 244 1,450 Comimercial banks 0 70 0 0 0 -4 331 117 110 45 Other private 0 0 6 -5 -5 2 2 -39 - 1 -2 Private nonguaranteed 0 0 0 0 0 0 50 360 475 -100 Bonds 0 0 0 0 0 0 50 360 475 -100 Commercial banks 0 0 0 0 0 0 0 0 0 0 Memo: IBRD -1 5 -7 -5 17 23 47 27 32 38 IDA 0 0 0 0 0 0 0 0 0 0 336 LEBANON (US mllon unes ohewis idiatd) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 INTEREST PAYMENTS (LINT) 1 6 11 25 23 26 54 149 201 263 Public and publicly guaranteed 1 6 11 25 23 26 54 146 164 186 Officialicreditors 1 6 9 19 18 21 19 26 3 1 35 Multilateral 1 4 4 12 3 7 1 1 15 19 22 Concessional 0 1 0 2 1 2 3 4 8 Bilateral 0 2 5 7 15 14 8 1 1 1 1 13 Concessional 0 2 0 5 2 2 3 8 88 Private creditors 0 0 2 6 5 5 35 120 133 151 Bonds 0 0 0 0 0 0 20 72 8 1 99 Commercial banks 0 0 0 0 0 3 12 36 50 50 Other private 0 0 2 6 5 2 3 12 2 2 Private nonguaranteed 0 0 0 0 0 0 0 2 37 77 Bonds 0 0 0 0 0 0 0 2 37 77 Conimercial banks 0 0 0 0 0 0 0 0 00 Memo: 4791 IBRD 1 2 4 2 2479101 IDA 0 0 0 0 0 0 0000 NET TRANSFERS ON DEBT 9 106 -27 -59 -13 359 750 612 747 1,224 Public and publicly guaranteed 9 106 -27 -59 -13 359 700 255 310 1,401 Official creditors 9 37 -31 -48 -3 -34 101 197 89 59 Multilateral -2 10 -11 -25 29 35 59 124 44 68 Concessional 0 5 0 -6 6 18 15 102 13 26 Bilateral 1 1 27 -21 -23 -32 -69 42 73 46 -9 Concessional 5 12 4 -12 4 10 112 40 42 -1 Private creditors 0 69 5 -11 -10 393 599 57 220 1,342 Bonds 0 0 0 0 0 400 280 28 164 1,351 Conmmercial banks 0 70 0 0 0 -7 319 8 1 59 -5 Other private 0 0 5 -11 -10 0 0 -51 -3 -4 Private nonguaranteed 0 0 0 0 0 0 50 358 438 -177 Bonds 0 0 0 0 0 0 50 358 438 -177 Commercial banks 0 0 0 0 0 0 0 000 Memo: 1 01 22 IBRD -2 3 -11 -7 16 19401 22 28 IDA 0 0 0 0 0 0 0000 DEBT SERVICE (LTDS) 4 13 39 65 68 122 158 218 639 432 Public and publicly guaranteed 4 13 39 65 68 122 158 216 602 255 Official creditors 4 13 37 5 1 55 103 112 46 57 61 Multilateral 2 7 1 1 25 13 17 21 23 32 34 Concessional 0 1 0 6 4 5 6 7 12 10 Bilateral 1 6 26 27 42 86 91 23 25 28 Concessional 1 6 1 16 6 8 13 19 21 20 Private creditorS 0 1 2 1 3 1 3 1 8 46 170 545 194 Bonds 0 0 0 0 0 0 20 72 481 99 Comimercial banks 0 0 0 0 0 15 21 45 61 9 1 Other private 0 0 2 1 3 1 3 4 4 53 3 4 Private nonguaranteed 0 0 0 0 0 0 0 2 37 177 Bonds 0 0 0 0 0 0 0 2 37 177 Comumercial banks 0 0 0 0 0 0 0 000 Memo: 8111 82 IBRD 2 5 1 1 7 6 811 18 20 IDA 0 0 0 0 0 0 0000 UNDISBURSED DEBT 1 401 116 226 500 622 1,091 1,218 1,123 10,653 Official creditors 1 164 79 201 475 606 773 875 898 813 Private creditors 0 237 37 25 25 1 6 319 343 224 9,840 Memorandum items Concessional LDOD 3 1 74 111 88 96 134 272 415 467 517 Variable rate LDOD 0 70 0 0 22 5 1 164 547 1,048 997 Public sector LDOD 64 216 358 301 368 778 1,551 1,933 2,353 3,954 Private sector LDOD 0 0 0 0 0 0 50 410 885 811 6. CUrRRENC1'COMPOS[T[ON OF LONG-TERMi DEBT (PERCENT) Deutsche mark 0.0 0.7 5.3 3.9 2.6 1.2 1.1 2.7 i,.3 2.2 French franc 22.0 6.0 31.7 64.1 62.0 23.5 8.2 6.2 4.62. Japanese yen 0.0 0.0 0.5 0.3 0.2 0.1 0.0 0.0 0.0 0.0 Pound sterling 0.0 0.0 0.8 0.3 0.5 0.2 0.1 0.1 0.1 0.0 Swiss franc 0.0 0.0 0.5 0.1 0.1 0.0 0.0 0.0 0.0 0.0 U.S.dollars 44.7 53.7 40.9 17.5 13.8 57.5 69.2 65.0 61.9 37.7 Multiple currency 0.0 18.4 9.4 7.6 10.7 8.3 7.4 6.8 6.6 5.1 Special drawing rights 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 All other currericies 33.3 21.2 10.9 6.2 10.1 9.2 14.0 19.2 18.5 49.1 337 LEBANON (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 7. DEBT RESTRUCTURINGS Total amount rescheduled ..0 0 0 0 0 0 0 0 Debt stock reschcduled 0 0 0 0 0 0 0 0 Principal rescheduled 0 0 0 0 0 0 0 0 Official ..0 0 0 0 0 0 0 0 Private 0 0 0 0 0 0 0 0 Interest rescheduled 0 0 0 0 0 0 0 0 Official 0 0 0 0 0 0 0 0 Private 0 0 0 0 0 0 0 0 Debt forgi'ven 0 0 0 0 0 0 0 0 Memo: interest forgiven 0 0 0 0 0 0 0 0 Debt stock reduction 0 0 0 0 0 0 0 0 of which debt buyback ..0 0 0 0 0 0 0 0 8. DEBT STOCK-FLOW RECONCILIAnION Total change in debt stocks 756 252 -461 774 848 1,031 1,036 1,692 Net flows on debt 10 236 726 274 -514 755 830 1,059 1,090 1,653 Net change in interest arrears 1 0 -20 -4 -7 -1 -10 0 0 Interest capitalized ...0 0 0 0 0 0 0 0 Debt forgiveness or reduction ..0 0 0 0 0 0 0 0 Cross-currency valuation 21 -16 -18 22 23 -28 -66 43 Residual -1 15 75 3 -3 10 12 -3 9. AVERLAGE TERMIS OF NEW COMMIATMIENTS ALL CREDITORS Interest (%) 2.9 3.0 0.0 3.4 5.7 8.4 8.0 6.6 6.6 6.3 Maturity (years) 20.4 12.4 0.0 21.3 19.0 8.6 10.4 14.5 12.0 9.9 Grace period (years) 1.4 2.6 0.0 5.1 5.2 3.7 4.2 5.0 8.1 1.5 Grant element (%) 42.0 34.3 0.0 43.6 28.1 11.1 10.2 20.7 20.9 14.3 Official creditors Interest (%) 2.9 2.7 0.0 3.4 5.7 4.9 5.6 5.4 2.2 6.9 Maturity (years) 20.4 15.1 0.0 21.3 19.1 20.1 18.6 18.3 21.9 17.1 Grace period (years) 1.4 3.9 0.0 5.1 5.2 5.2 3.8 6.3 6.0 4.6 Grant element (%) 42.0 42.2 0.0 43.6 28.5 34.6 26.7 30.2 53.9 18.5 Private creditors Interest (%) 0.0 3.0 0.0 0.0 10.1 10.1 9.0 8.1 8.0 6.3 Maturity (years) 0.0 11.9 0.0 0.0 11.3 3.0 7.2 9.5 8.9 9.8 Grace period (years) 0.0 2.4 0.0 0.0 1.8 3.0 4.3 3.2 8.8 1.5 Grant element (%) 0.0 32.9 0.0 0.0 -1.6 -0.3 3.7 8.0 10.6 14.3 Memorandum items Commnitments 7 92 0 88 332 594 1,324 622 859 10,771 Official creditors 7 14 0 88 328 194 373 354 206 63 Private creditors 0 78 0 0 4 400 951 268 654 10,708 10. CONTRACTUAL OBLIGA FIONS ON OUTSTANDING LONG-TERlAI DEBT 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 TOTAL Disbursements 4,950 3,412 1,409 686 74 46 32 20 12 9 Principal 1,008 1,849 1,708 1,540 1,669 1,125 1,647 1,179 1,658 1,064 Interest 553 730 713 644 560 451 386 274 205 94 Official creditors Disbursements 190 185 135 106 74 46 32 20 12 9 Principal 68 78 88 98 103 109 109 174 109 108 Interest 46 5 1 53 54 53 5 1 47 43 34 29 Bilateral creditors Disbursements 46 5 1 33 20 1 1 5 3 0 0 0 Principal 28 30 28 27 27 32 32 32 32 3 1 Interest 13 13 13 13 12 1 1 10 9 8 7 Multilateral creditors Disbursements 144 135 103 86 63 41 30 20 12 9 Principal 40 49 60 71 76 77 77 142 77 77 Interest 33 37 40 42 41 40 37 34 26 23 P'rivate creditors Disbursements 4,759 3,227 1,273 580 0 0 0 0 0 0 Principal 940 1,771 1,620 1,442 1,566 1,016 1,538 1,005 1,549 956 Interest 507 679 660 589 507 400 339 231 171 65 Commnercial banks Disbursements 4,759 3,227 1,273 580 0 0 0 0 0 0 Principal 778 1,319 1,018 1,015 1,015 1,015 1,012 1,004 973 955 Interest 245 414 433 418 366 305 243 182 122 64 Other private Disbursements 0 0 0 0 0 0 0 0 0 0 Principal 162 452 602 427 551 1 526 1 576 1 Interest 262 266 227 172 141 96 96 49 49 1 338 LESOTHO (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 I. SLI N INMA.R DEBT DATA TOTAIL DEBT STOCKS (EDT) .. 71.9 395.6 494.6 540.6 619.5 677.0 669.7 659.6 692.1 Long-term debt (LDOD) 8.1 57.7 377.7 464.7 500.6 571.8 630.7 627.9 624.2 660.6 Public and publicly guaranteed 8.1 57.7 377.7 464.7 500.6 571.8 630.7 627.9 624.2 660.6 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Use of IMF credit 0.0 6.2 15.1 24.9 34.2 40.3 38.4 33.8 27.5 23.6 Short-term debt .. 8.0 2.8 5.0 5.8 7.4 7.9 8.0 7.9 7.9 of which interest arrears on LDOD .. 0.0 0.8 1.0 1.8 3.4 3.9 4.0 3.9 3.9 Official creditors .. 0.0 0.5 0.3 0.6 1.5 1.8 1.9 1.8 1.6 Private creditors .. 0.0 0.3 0.7 1.2 1.8 2.1 2.1 2.1 2.3 Memo: principal arrears on LDOD .. 0.0 3.6 7.6 9.4 12.4 9.8 10.2 8.6 8.7 Official creditors .. 0.0 2.0 4.3 5.8 7.5 4.6 5.2 4.1 4.0 Private creditors .. 0.0 1.6 3.3 3.7 4.9 5.2 5.0 4.5 4.8 Memo: export credits .. 0.0 115.0 139.0 145.0 246.0 379.0 299.0 385.0 369.0 TOTAL DEBT FLOWS Disbursements 0.4 15.0 62.0 86.5 79.5 65.8 65.5 51.1 56.7 51.6 Long-term debt 0.4 13.3 57.9 79.0 70.0 60.4 65.5 51.1 56.7 51.6 IMF purchases 0.0 1.7 4.1 7.4 9.5 5.4 0.0 0.0 0.0 0.0 Principal repayments 0.3 3.4 15.0 20.3 20.4 18.4 24.6 21.6 27.0 30.0 Long-term debt 0.3 3.4 14.8 20.3 20.4 16.9 21.9 18.2 22.8 25.1 RAF repurchases 0.0 0.0 0.2 0.0 0.0 1.5 2.7 3.4 4.3 4.9 Net flows on debt 0.1 19.6 47.0 67.2 59.0 47.4 40.8 29.5 29.7 21.5 of which short-term debt .. 8.0 0.0 1.0 0.0 0.0 0.0 0.0 0.0 0.0 Interest payments (INT) -- 2.1 8.3 13.6 12.3 11.1 15.5 15.1 18.4 20.8 Long-termndebt 0.2 1.5 8.0 13.2 11.9 10.8 15.1 14.6 18.0 20.6 IM charges 0.0 0.0 0.1 0.1 0.2 0.1 0.2 0.3 0.2 0.1 Short-term debt .. 0.6 0.2 0.3 0.3 0.2 0.2 0.2 0.2 0.2 Net transfers on debt -. 17.5 38.7 53.6 46.7 36.3 25.3 14.4 11.3 0.7 Total debt service paid (TDS) .. 5.5 23.3 33.9 32.8 29.5 40.2 36.7 45.4 50.9 Long-term debt 0.5 4.8 22.8 33.5 32.3 27.7 37.0 32.9 40.8 45.7 IMF repurchases and charges 0.0 0.0 0.3 0.1 0.2 1.6 3.0 3.7 4.4 5.0 Short-term debt (interest only) .. 0.6 0.2 0.3 0.3 0.2 0.2 0.2 0.2 0.2 2. AGGREGATE NET RESOLURCE FLO%S AND NET TRANSFERS (LONG-TERM I NET RESOURCE FLOWS 7.3 66.4 120.0 125.5 131.8 108.3 125.1 364.7 340.7 324.6 Net flow of long-term debt (ex. IMF) 0.1 9.9 43.1 58.7 49.6 43.5 43.6 32.9 33.9 26.4 Foreign direct investment (net) 0.0 4.5 17.0 3.0 15.0 18.7 23.0 287.0 268.0 265.0 Portfolio equity flows 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Grants (excluding technical coop.) 7.3 52.0 59.9 63.8 67.2 46.0 58.6 44.8 38.7 33.1 Memo: technical coop. grants 2.6 32.0 45.4 44.8 39.3 35.6 36.7 31.1 29.0 17.8 official net resource flows 7.2 59.6 103.0 127.6 122.2 95.0 92.9 67.7 59.7 43.4 private net resource flows 0.1 6.8 17.0 -2.1 9.6 13.3 32.2 297.0 281.0 281.2 NET TRANSFERS 7.1 58.9 99.3 89.1 103.4 80.5 95.0 336.0 307.6 288.0 Interest on long-term debt 0.2 1.5 8.0 13.2 11.9 10.8 15.1 14.6 18.0 20.6 Profit remittances on FDI 0.0 6.0 12.7 23.2 16.5 17.0 15.0 14.0 15.0 16.0 Memo: official net transfers 7.0 59.0 96.9 115.8 111.5 84.8 80.7 55.7 46.5 29.9 private net transfers 0.1 -0. 1 2.4 -26.7 -8.1 -4.3 14.3 280.3 261.1 258.1 3. MAJWOR ECONOMIC AGGREGATES Gross national product (GNP) 104.7 631.7 1,028.3 1,087.2 1,105.2 1,138.7 1,261.2 1,275.8 1,271.7 1,069.2 Exports of goods &services (XGS) .. 363.5 555.0 646.8 615.4 550.8 671.4 683.0 731.2 605.8 of which workers remittances .. 0.0 0.0 0.0 0.0 0.0 0.8 0.6 0.8 1.1 Imports of goods &services (MGS) .. 482.4 775.9 1,048.0 961.3 913.8 1,203.8 1,174.1 1,202.0 1,041.8 Intemational reserves (RES) .. 50.3 72.4 157.5 252.7 372.6 456.7 460.5 571.7 575.1 Cuffent account balance .. 56.3 65.0 37.6 29.3 108.1 -323.0 -302.5 -269.2 -280.2 4. DEBT 1NDIcA-TORS EDT /XGS(% . 19.8 71.3 76.5 87.8 112.5 100.8 98.1 90.2 114.2 EDT /GNP(% . 11.4 38.5 45.5 48.9 54.4 53.7 52.5 51.9 64.7 TDS /XGS(% . 1.5 4.2 5.2 5.3 5.4 6.0 5.4 6.2 8.4 INT /XGS (% . 0.6 1.5 2.1 2.0 2.0 2.3 2.2 2.5 3.4 INT /GNP(% . 0.3 0.8 1.3 1.1 1.0 1.2 1.2 1.5 2.0 RES I EDT (% . 69.9 18.3 31.8 46.7 60.2 67.5 68.8 86.7 83.1 RES /MGS (months) .. 1.3 1.1 1.8 3.2 4.9 4.6 4.7 5.7 6.6 Short-term /EDT (%) .. 11.1 0.7 1.0 1.1 1.2 1.2 1.2 1.2 1.1 Concessional /EDT (% . 61.8 73.7 75.0 70.7 71.0 69.3 69.4 69.1 69.9 Multilateral /EDT (%) .. 56.1 73.6 66.1 66.3 69.3 68.8 70.4 70.9 72.0 339 LESOTHO (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 S. LONG-TERNI DEBT DEBT OUTSTANDING (LDOD) 8.1 57.7 377.7 464.7 500.6 571.8 630.7 627.9 624.2 660.6 Public and publicly guaranteed 8.1 57.7 377.7 464.7 500.6 571.8 630.7 627.9 624.2 660.6 Official creditors 7.6 46.4 344.0 436.6 479.3 554.5 602.7 593.8 580.5 605.7 Multilateral 4.1 40.3 291.0 326.8 358.3 429.1 466.0 471.6 467.9 498.4 Concessional 4.1 40.3 251.6 292.1 302.2 351.6 374.8 377.1 374.4 400.8 Bilateral 3.5 6.1 53.1 109.8 121.0 125.4 136.7 122.2 112.6 107.2 Concessional 3.0 4.1 40.1 78.6 80.2 88.2 94.6 87.9 81.5 83.0 Private creditors 0.5 11.4 33.7 28.1 21.3 17.3 28.0 34.1 43.7 55.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Comimercial banks 0.0 2.0 6.0 5.7 4.1 2.8 14.9 22.8 33.4 44.5 Other private 0.5 9.4 27.7 22.4 17.2 14.5 13.2 11.3 10.2 10.5 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBR.D 0.0 0.0 0.0 4.5 26.0 41.7 54.0 57.1 58.3 60.8 IDA 4.1 24.1 111.7 127.1 133.6 143.0 152.8 159.3 162.9 180.1 DISBURSEMENTS 0.4 13.3 57.9 79.0 70.0 60.4 65.5 51.1 56.7 51.6 Public and publicly guaranteed 0.4 13.3 57.9 79.0 70.0 60.4 65.5 51.1 56.7 51.6 Official creditors 0.2 8.0 51.4 77.1 69.7 60.4 52.1 38.7 41.9 33.6 Multilateral 0.0 6.5 32.0 35.9 43.9 53.4 40.2 34.5 37.3 28.2 Concessional 0.0 6.5 28.3 31.2 19.0 36.0 23.7 19.7 23.4 22.1 Bilateral 0.2 1.5 19.4 41.2 25.7 7.0 11.9 4.2 4.7 5.4 Concessional 0.2 0.9 15.2 23.2 9.3 6.6 4.2 1.0 4.6 4.8 Private creditors 0.2 5.3 6.5 1.9 0.3 0.0 13.4 12.3 14.8 18.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Comimercial banks 0.0 2.0 3.0 1.9 0.3 0.0 13.4 12.3 13.9 17.8 Other private 0.2 3.3 3.5 0.0 0.0 0.0 0.0 0.0 0.9 0.1 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Comimercial banks 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 0.0 0.0 4.6 21.8 13.7 11.2 7.2 8.2 3.4 IDA 0.0 3.8 9.2 9.9 7.0 6.3 8.8 11.7 11.6 14.3 PRINCIPAL REPAYMENTS 0.3 3.4 14.8 20.3 20.4 16.9 21.9 18.2 22.8 25.1 Public and publicly guaranteed 0.3 3.4 14.8 20.3 20.4 16.9 21.9 18.2 22.8 25.1 Official creditors 0.3 0.4 8.3 13.3 14.7 11.4 17.7 15.8 21.0 23.3 Multilateral 0.0 0.2 5.4 7.2 6.7 7.6 14.1 9.2 13.2 15.4 Concessional 0.0 0.2 3.0 3.1 4.2 4.4 9.1 6.2 7.5 7.5 Bilateral 0.3 0.2 2.9 6.0 8.0 3.8 3.7 6.7 7.8 8.0 Concessional 0.2 0.2 0.9 1.8 4.5 1.1 1.7 4.4 5.8 5.3 Private creditors 0.0 3.0 6.5 7.0 5.7 5.4 4.1 2.4 1.8 1.8 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Comimercial banks 0.0 0.0 0.6 2.0 1.7 1.2 1.5 1.5 1.3 1.3 Other private 0.0 3.0 5.9 5.0 4.0 4.2 2.6 0.9 0.5 0.5 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 2.2 4.5 IDA 0.0 0.0 0.6 0.8 0.8 1.1 1.3 1.5 1.6 1.9 NET FLOWS ON DEBT 0.1 9.9 43.1 58.7 49.6 43.5 43.6 32.9 33.9 26.4 Public and publicly guaranteed 0.1 9.9 43.1 58.7 49.6 43.5 43.6 32.9 33.9 26.4 Official creditors -0. 1 7.6 43.1 63.8 55.0 49.0 34.3 22.9 21.0 10.3 Multilateral 0.0 6.4 26.6 28.7 37.2 45.8 26.1 25.4 24.1 12.8 Concessional 0.0 6.4 25.3 28.0 14.9 31.7 14.6 13.5 15.9 14.7 Bilateral -0. 1 1.3 16.5 35.2 17.8 3.1 8.2 -2.4 -3.1 -2.5 Concessional 0.0 0.7 14.3 21.4 4.8 5.4 2.5 -3.4 -1.2 -0.5 Private creditors 0.1 2.3 0.0 -5.1 -5.4 -5.4 9.2 10.0 13.0 16.2 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 2.0 2.4 -0. 1 -1.4 -1.2 11.9 10.9 12.6 16.6 Other private 0.1 0.3 -2.5 -5.0 -4.0 -4.2 -2.6 -0.9 0.4 -0.4 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commnercial banks 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 0.0 0.0 4.6 21.8 13.7 11.2 7.2 6.0 -1.1 IDA 0.0 3.8 8.6 9.2 6.2 5.2 7.4 10.3 10.0 12.5 340 LESOTHO (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 INTEREST PAYMENTS (LINT) 0.2 1.5 8.0 13.2 11.9 10.8 15.1 14.6 18.0 20.6 Public and publicly guaranteed 0.2 1.5 8.0 13.2 11.9 10.8 15.1 14.6 18.0 20.6 Officialicreditors 0.2 0.6 6.1 11.8 10.7 10.2 12.2 12.0 13.2 13.5 Multilateral 0.0 0.4 4.7 6.6 5.6 6.6 8.6 8.1 9.2 9.0 Concessional 0.0 0.3 2.1 3.8 2.5 2.3 3.1 3.1 3.5 3.6 Bilateral 0.2 0.2 1.4 5.2 5.0 3.6 3.6 3.8 4.0 4.5 Concessional 0.1 0.0 0.6 2.5 2.1 1.4 1.6 1.7 1.5 1.6 Private creditors 0.0 0.9 1.9 1.4 1.2 0.6 2.9 2.7 4.9 7.1 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commnercial banks 0.0 0.3 0.3 0.4 0.4 0.2 2.6 2.4 4.7 6.7 Other private 0.0 0.6 1.6 1.0 0.8 0.4 0.3 0.3 0.1 0.4 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 0.0 0.0 0.3 1.1 2.5 3.5 3.8 3.7 3.7 IDA 0.0 0.2 0.8 0.9 1.0 1.0 1.1 1.1 1.2 1.2 NET TRANSFERS ON DEBT -0.1 8.5 35.1 45.6 37.7 32.7 28.4 18.2 15.9 5.8 Public and publicly guaranteed -0.1 8.5 35.1 45.6 37.7 32.7 28.4 18.2 15.9 5.8 Officilaicreditors -0.2 7.1 37.0 52.1 44.3 38.7 22.1 11.0 7.8 -3.2 Multilateral 0.0 6.0 21.9 22.1 31.6 39.2 17.4 17.2 14.9 3.8 Concessional 0.0 6.1 23.1 24.3 12.4 29.3 11.5 10.4 12.4 11.0 Bilateral -0.2 1.1 15.2 30.0 12.8 -0.5 4.6 -6.3 -7.1 -7.0 Concessional -0. 1 0.7 13.7 18.9 2.7 4.1 0.9 -5.1 -2.7 -2.1 Private creditors 0.1 1.4 -2.0 -6.5 -6.6 -6.0 6.4 7.3 8.1 9.1 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commnercial banks 0.0 1L8 2.2 -0.6 -1.8 -1.4 9.3 8.5 7.9 9.8 Other private 0.1 -0.3 -4.1 -5.9 -4.9 -4.6 -2.9 -1.2 0.2 -0.8 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Conmmercial banks 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 0.0 0.0 4.3 20.7 11.3 7.7 3.4 2.3 -4.7 IDA 0.0 3.6 7.9 8.3 5.2 4.2 6.3 9.1 8.8 11.2 DEBT SERVICE (LTDS) 0.5 4.8 22.8 33.5 32.3 27.7 37.0 32.9 40.8 45.7 Public and publicly guaranteed 0.5 4.8 22.8 33.5 32.3 27.7 37.0 32.9 40.8 45.7 Official creditors 0.4 1.0 14.4 25.0 25.3 21.7 30.0 27.8 34.2 36.8 Multilateral 0.0 0.5 10.2 13.8 12.4 14.2 22.7 17.3 22.4 24.4 Concessional 0.0 0.4 5.2 6.9 6.7 6.7 12.2 9.3 11.0 11.1 Bilateral 0.4 0.4 4.2 11.2 13.0 7.5 7.3 10.5 11.8 12.5 Concessional 0.3 0.3 1.5 4.3 6.6 2.5 3.2 6.1 7.3 6.9 Private creditors 0.1 3.9 8.5 8.4 7.0 6.0 7.0 5.1 6.7 8.9 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.3 0.9 2.5 2.1 1.4 4.1 3.9 6.0 8.0 Other private 0.1 3.6 7.6 6.0 4.9 4.6 2.9 1.2 0.7 0.9 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: I.BRD 0.0 0.0 0.0 0.3 1.1 2.5 3.5 3.8 5.8 8.1 IDA 0.0 0.2 1.4 1.7 1.8 2.2 2.5 2.6 2.8 3.1 UNDISBURSED DEBT 0.8 118.0 315.0 505.2 498.0 483.0 431.4 268.6 199.1 188.9 Officialicreditors 0.1 110.0 312.3 383.7 373.5 335.3 298.9 216.5 167.6 177.5 Private creditors 0.7 8.0 2.7 121.5 124.5 147.7 132.6 52.0 31.5 11.5 Memorandum items Concessional LDOD 7.1 44.3 291.7 370.7 382.4 439.8 469.4 465.1 455.9 483.8 Variable rate LDOD 0.0 2.0 0.0 4.7 26.0 41.7 54.0 57.1 58.3 60.8 Public sector LDOD 8.1 55.7 376.5 463.8 499.7 571.0 630.0 627.2 623.6 660.2 Private sector LDOD 0.0 2.0 1.2 0.9 0.9 0.8 0.7 0.7 0.6 0.5 6. CUiRRENCI'COMIPOSITION OF LONG-TERNI DEBT iPERCENTi Deutsche mark 0.0 0.0 0.4 0.1 0.0 0.0 0.0 0.0 0.0 0.0 French franc 0.0 0.0 7.5 10.3 8.9 8.4 8.2 7.3 6.6 6.6 Japanese yen 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Pound sterling 43.1 16.5 1.7 1.3 1.2 1.0 0.8 0.8 1.0 1.5 Swiss franc 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 U.S.dollars 50.5 46.4 24.8 24.6 23.9 22.2 21.2 22.4 23.7 25.0 Multiple currency 0.0 7.1 5.6 8.1 14.6 17.2 20.6 21.5 21.3 19.7 Special drawing rights 0.0 0.0 9.9 8.6 8.2 7.6 7.1 6.8 6.4 6.3 All other cur-rencies 6.4 30.0 50.1 47.0 43.2 43.6 42.1 41.2 41.0 40.9 341 LESOTHO (US$ million, unless otherwise indicoted) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 7. DEBT RESTRLUCTUiRINGS Total amount rescheduled ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Debt stock rescheduled ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal rescheduled ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Official ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Interest rescheduled ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Official . . 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Debt forgiven ... 3.7 0.0 4.9 0.0 0.0 0.0 0.0 0.0 Memo: interest forgiven ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Debt stock reduction ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 of which debt buyback ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 S. DEBT STOCK-FLOWV RECONCILIAT'ION Total change in debt stocks ... 67.4 47.0 46.0 78.9 57.5 -7.3 -10.0 32.5 Net flows on debt 0.1 19.6 47.0 67.2 59.0 47.4 40.8 29.5 29.7 21.5 Net change in interest arrears ... 0.8 0.5 0.8 1.6 0.5 0.2 -0.1I -0.1I Interest capitalized ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Debt forgiveness or reduction ... -3.7 0.0 -4.9 0.0 0.0 0.0 0.0 0.0 Cross-currency valuation ... 23.8 -18.4 -9.5 22.4 13.0 -21.4 -29.9 12.2 Residual ... -0.4 -2.3 0.5 7.5 3.2 -15.5 -9.7 -1.1 9. .X%ERAGE TERN~IS OF NEWV COiMMITMENTS ALL CREDITORS Interest (%) 5.0 5.9 1.3 13.8 4.1 4.9 6.8 8.2 2.8 4.6 Maturity (years) 18.1 24.3 24.3 11.5 30.7 17.0 29.0 31.9 21.1 23.5 Grace period (years) 1.9 5.7 6.0 3.7 9.6 6.4 6.2 16.4 4.2 6.6 Grant element (%) 31.9 37.3 63.3 -2.0 44.5 39.0 29.5 13.4 46.3 39.9 Official creditors Interest (%) 0.0 3.0 1.0 4.0 1.8 1.0 6.8 0.7 2.8 4.6 Maturity (years) 25.0 29.8 25.1 31.6 32.6 22.0 29.0 39.5 21.1 23.5 Grace period (years) 5.5 6.7 6.2 6.8 6.9 9.2 6.2 10.0 4.2 6.6 Grant element (%) 72.7 52.7 65.9 48.3 62.9 66.2 29.5 80.3 46.3 39.9 Private creditors Interest (%) 7.5 15.8 8.4 17.5 13.9 9.2 0.0 16.3 0.0 0.0 Maturity (years) 14.6 5.5 5.8 4.0 22.0 11.5 0.0 23.5 0.0 0.0 Grace period (years) 0.1 2.2 1.8 2.5 22.0 3.3 0.0 23.5 0.0 0.0 Grant element (%) 10.9 -15.0 4.3 -21.0 -37.1 8.6 0.0 -59.8 0.0 0.0 Memorandum items Commitments 0.4 58.5 46.4 176.8 87.9 58.2 23.0 76.5 10.1 66.5 Official creditors 0.2 45.2 44.4 48.4 71.7 30.7 23.0 40.0 10.1 66.5 Private creditors 0.3 13.3 2.0 128.4 16.2 27.5 0.0 36.6 0.0 0.0 10. CONTRACTUJAL OBLIGATIONS ONJ OUITSTA4NDING LONG-TERMI DEBT 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 TOTAL Disbursements 56.5 41.6 28.2 20.9 15.5 8.8 6.3 4.1 3.1 1.8 Principal 31.1 31.8 33.6 34.5 36.0 37.5 38.6 38.3 35.9 34.2 Interest 20.7 20.6 20.0 19.3 18.4 17.3 16.0 14.7 13.4 12.2 Official creditors Disbursements 48.4 39.0 27.4 20.9 15.5 8.8 6.3 4.1 3.1 1.8 Principal 28.0 28.7 30.5 31.4 33.1 34.6 35.9 35.8 34.5 33.9 Interest 13.5 13.4 13.0 12.5 11.8 10.9 9.8 8.7 7.6 6.5 Bilateral creditors Disbursements 12.7 7.0 4.1 2.1 1.3 0.0 0.0 0.0 0.0 0.0 Principal 8.9 8.8 9.1 9.5 9.6 8.9 8.7 8.8 7.6 7.2 Interest 4.2 4.2 3.9 3.6 3.2 2.8 2.5 2.1 1.8 1.5 Multilateral creditors Disbursements 35.7 32.0 23.3 18.8 14.2 8.8 6.3 4.1 3.1 1.8 Principal 19.1 19.9 21.4 21.9 23.6 25.7 27.2 27.0 26.8 26.7 Interest 9.4 9.3 9.1 8.9 8.6 8.1 7.4 6.6 5.9 5.1 Private creditors Disbursements 8.1 2.6 0.8 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal 3.1 3.1 3.1 3.1 2.9 2.9 2.7 2.5 1.4 0.3 Interest 7.1 7.2 7.0 6.8 6.6 6.3 6.1 5.9 5.7 5.7 Commercial banks Disbursements 7.9 2.6 0.8 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal 2.4 2.4 2.4 2.4 2.4 2.4 2.4 2.2 1.1 0.0 Interest 6.7 6.8 6.7 6.5 6.3 6.2 6.0 5.8 5.6 5.6 Other private Disbursements 0.2 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal 0.7 0.7 0.7 0.7 0.5 0.5 0.3 0.3 0.3 0.3 Interest 0.4 0.4 0.3 0.3 0.2 0.2 0.1 0.1 0.1 0.1 342 LIBERIA (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 1. SUMMARY DEBT DA rA TOTAL DEBT STOCKS (EDT) 686 1,849 1,923 1,957 2,056 2,154 2,107 2,012 2,103 Long-term debt (LDOD) 158 516 1,116 1,081 1,102 1,137 1,161 1,110 1,061 1,092 Publicandpubliclyguaranteed 158 516 1,116 1,081 1,102 1,137 1,161 1,110 1,061 1,092 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Use of IMF credit 4 89 322 312 311 330 336 325 305 317 Short-term debt .. 81 411 530 544 589 657 672 646 694 of which interest arrears on LDOD 2 355 477 500 545 613 617 612 656 Official creditors .. 1 251 329 349 390 458 467 466 506 Private creditors 1 104 148 151 155 155 151 146 150 Memo: principal arrears on LDOD 3 722 798 823 924 961 956 940 991 Official creditors 2 530 603 623 715 754 756 749 792 Private creditors 1 192 195 200 208 208 199 192 199 Memo: exportcredits 0 203 111 53 52 218 283 747 177 TOTAL DEBT FLOWS Disbursements 9 109 0 0 33 0 0 0 0 0 Long-term debt 7 76 0 0 33 0 0 0 0 0 IMF purchases 2 34 0 0 0 0 0 0 0 0 Principal repayments 17 18 2 0 13 15 0 0 0 1 Long-termdebt 11 15 1 0 13 14 0 0 0 0 IMF repurchases 5 3 1 0 0 1 0 0 0 1 Net flows on debt -7 95 -1 -1 10 -14 0 11 -21 3 of whichshort-termdebt .. 4 1 -1 -10 1 0 11 -21 4 Interest payments (INT) .. 35 1 1 9 0 2 1 0 0 Long-term debt 6 23 1 0 8 0 0 0 0 0 IMF charges 0 2 0 1 1 0 2 1 0 0 Short-term debt .. 11 0 0 0 0 0 0 0 0 Net transfers on debt .. 60 -2 -1 1 -14 -2 10 -21 3 Total debt service paid (TDS) .. 54 3 1 22 15 2 1 0 1 Long-termdebt 18 38 2 0 21 14 0 0 0 0 IMF repurchases and charges 5 5 1 1 1 1 2 1 0 1 Short-term debt (interest only) .. 11 0 0 0 0 0 0 0 0 2. AGGREGATE NET RESOURCE FLOV\S AND NEF TRANSFERS lLONG-TERMI) NET RESOURCE FLOWS -3 83 59 85 150 54 128 110 83 76 Net flow of long-term debt (ex.IMF) 4 61 -1 0 20 -14 0 0 0 0 Foreign directinvestment (net) 0 0 0 -11 30 14 21 17 15 16 Portfolio equity flows 0 0 0 0 0 0 0 0 0 0 Grants (excluding technical coop.) 1 23 60 96 100 53 107 93 68 60 Memo: technical coop. grants 8 24 21 24 22 11 16 10 15 18 officialnetresourceflows 4 84 59 96 120 40 107 93 68 60 private net resource flows -7 0 0 -11 30 14 21 17 15 16 NET TRANSFERS -9 61 59 85 142 54 128 109 83 76 Interest on long-term debt 6 23 1 0 8 0 0 0 0 0 Profit remittances on FDI 0 0 0 0 0 0 0 0 0 0 Memo: official net transfers 1 77 59 96 112 40 107 92 68 60 privatenettransfers -10 -16 0 -11 30 14 21 17 15 16 3. NIAJOR ECONOMIC AGGREGATES Gross national product (GNP) 402 1,093 .. .. .. .. .. .. Exports of goods & services (XGS) .. 614 .. .. .. .. .. .. of which workers remittances .. 0 .. .. .. .. .. .. Imports of goods & services (MGS) .. 575 .. .. .. .. Intemational reserves (RES) .. 5 .. 1 2 5 28 .. Current account balance .. 46 .. .. .. .. .. .. 4. DEBT INDICATORS EDT / XGS (%) .. 111.8 .. .. .. .. . .. EDT / GNP (%) .. 62.7 .. .. .. .. . .. TDS / XGS (%) .. 8.8 .. .. .. .. .. .. INT / XGS(%) .. 5.8 .. .. .. .. .. .. INT / GNP(%) .. 3.2 .. .. .. . .. .. RES/EDT(%) .. 0.8 .. 0.1 0.1 0.3 1.3 .. .. RES / MGS (months) .. 0.1 .. .. .. .. .. Short-term/EDT (%) .. 11.8 22.2 27.6 27.8 28.7 30.5 31.9 32.1 33.0 Concessional/EDT (%) .. 30.8 32.1 29.8 30.6 30.3 29.5 28.9 29.1 28.5 Multilateral/EDT(%) .. 19.1 23.4 21.2 22.0 21.4 21.0 20.1 20.1 19.9 343 LIBERIA (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 5. LONG-TERM% DEBT DEBT OUTSTANDING (LDOD) 158 516 1,116 1,081 1,102 1,137 1,161 1,110 1,061 1,092 Public and publicly guaranteed 158 516 1,116 1,081 1,102 1,137 1,161 1,110 1,061 1,092 Official creditors 124 359 924 886 902 929 954 911 869 894 Multilateral 8 131 433 407 430 439 453 424 405 418 Concessional 0 33 184 172 204 211 214 202 197 200 Bilateral 116 229 491 479 472 490 501 486 465 475 Concessional 110 179 410 401 395 411 421 408 388 398 Private creditors 34 156 192 195 200 208 208 199 192 199 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 129 172 176 181 189 187 180 173 180 Other private 34 28 20 1 9 1 9 20 2 1 20 1 9 19 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 0 0 Memo: IBRD 7 69 143 139 141 151 161 146 136 143 IDA 0 23 105 103 104 107 108 106 102 105 DISBURSEMENTS 7 76 0 0 33 0 0 0 0 0 Public and publicly guaranteed 7 76 0 0 33 0 0 0 0 0 Official creditors 7 65 0 0 33 0 0 0 0 0 Multilateral 2 33 0 0 33 0 0 0 0 0 Concessional 0 8 0 0 33 0 0 0 0 0 Bilateral 5 32 0 0 0 0 0 0 0 0 Concessional 4 30 0 0 0 0 0 0 0 0 Private creditors 0 1 1 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 6 0 0 0 0 0 0 0 0 Other private 0 5 0 0 0 0 0 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commnercial banks 0 0 0 0 0 0 0 0 0 0 Memo: IBRD 2 17 0 0 0 0 0 0 0 0 IDA 0 5 0 0 0 0 0 0 0 0 PRINCIPAL REPAYMENTS 11 15 1 0 13 14 0 0 0 0 Public and publicly guaranteed 11 15 1 0 13 14 0 0 0 0 Official creditors 5 4 1 0 13 14 0 0 0 0 Multilateral 0 2 1 0 13 14 0 0 0 0 Concessional 0 0 0 0 1 1 0 0 0 0 Bilateral 5 1 0 0 0 0 0 0 0 0 Concessional 5 1 0 0 0 0 0 0 0 0 Private creditors 7 12 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 3 0 0 0 0 0 0 0 0 Other private 7 9 0 0 0 0 0 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 0 0 Memo: IBRD 0 2 0 0 0 0 0 0 0 0 IDA 0 0 0 0 0 0 0 0 0 0 NET FLOWS ON DEBT -4 61 -1 0 20 -14 0 0 0 0 Public and publicly guaranteed -4 61 -1 0 20 -14 0 0 0 0 Official creditors 3 61 -1 0 20 -14 0 0 0 0 Multilateral 2 3 1 -1 0 20 -14 0 0 0 0 Concessional 0 8 0 0 32 -1 0 0 0 0 Bilateral 0 30 0 0 0 0 0 0 0 0 Concessional -1 29 0 0 0 0 0 0 0 0 Private creditors -7 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 3 0 0 0 0 0 0 0 0 Other private -7 -3 0 0 0 0 0 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Comimercial banks 0 0 0 0 0 0 0 0 0 0 Memo: IBRD 2 16 0 0 0 0 0 0 0 0 IDA 0 5 0 0 0 0 0 0 0 0 344 LIBERIA (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 INTEREST PAYMENTS (LINT) 6 23 1 0 8 0 0 0 0 0 Public and publicly guaranteed 6 23 1 0 8 U 0 0 0 0 Official creditors 3 7 1 0 8 0 0 0 0 0 Multilateral 0 5 1 0 8 0 0 0 0 0 Concessional 0 0 0 0 1 0 0 0 0 0 Bilateral 3 2 0 0 0 0 0 0 0 0 Concessional 2 2 0 0 0 0 0 0 0 0 Private creditors 3 16 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 14 0 0 0 0 0 0 0 0 Other private 3 2 0 0 0 0 0 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 0 0 Memo: IBRD 0 4 0 0 0 0 0 0 0 0 IDA 0 0 0 0 0 0 0 0 0 0 NET TRANSFERS ON DEBT -10 38 -2 0 12 -14 0 0 0 0 Public and publicly guaranteed -10 38 -2 U 12 -14 0 0 0 0 Official creditors -1 54 -2 0 12 -14 0 0 0 0 Multilateral 2 25 -2 0 12 -14 0 0 0 0 Concessional 0 8 0 0 32 -l 0 0 0 0 Bilateral -2 29 0 0 0 0 0 0 0 0 Concessional -3 28 0 0 0 0 0 0 0 0 Private creditors -10 -16 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 -11 0 0 0 0 0 0 0 0 Other private -10 -5 0 0 0 0 0 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Conumercial banks 0 0 0 0 0 0 0 0 0 0 Memo: IBRD 1 12 0 0 0 0 0 0 0 0 IDA 0 5 0 0 0 0 0 0 0 0 DEBT SERVICE (LTDS) 18 38 2 0 21 14 0 0 0 0 Public and publicly guaranteed 18 38 2 0 21 14 0 0 0 0 Official creditors 8 1 1 2 0 21 14 0 0 0 0 Multilateral 0 8 2 0 21 14 0 0 0 0 Concessional 0 0 0 0 2 1 0 0 0 0 Bilateral 8 3 0 0 0 0 0 0 0 0 Concessional 7 3 0 0 0 0 0 0 0 0 Private creditors 10 27 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 17 0 0 0 0 0 0 0 0 Other private 1 0 1 1 0 0 0 0 0 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 0 0 Memo: IBRD 0 6 0 0 0 0 0 0 0 0 IDA 0 0 0 0 0 0 0 0 0 0 UNDISBURSED DEBT 20 228 84 74 40 36 18 17 15 16 Official creditors 1 8 220 84 74 40 36 18 17 15 16 Private creditors 2 8 0 0 0 0 0 0 0 0 Memorandum items Concessional LDOD 110 211 594 573 599 622 635 610 585 598 Variable rate LDOD 0 100 123 123 123 123 123 123 123 123 Public sector LDOD 158 514 1,116 1,081 1,102 1,137 1,161 1,110 1,061 1,092 Private sector LDOD 0 1 0 0 0 0 0 0 0 0 6. CLIRRENCY 'CON~IPOSlTION OF LONG-TERMI DEBT iPERCENTI Deutsche mark 12.7 9.2 11.1 10.6 9.7 10.5 11.1 10.7 9.7 10.1 French franc 0.0 0.0 1.1 1.0 0.9 1.0 1.1 1.0 1.0 1.0 Japanese yen 0.0 7.6 6.1 6.8 7.4 8.1 7.7 7.1 6.6 7.3 Pound sterling 0.3 1.5 1.2 1.2 1.2 1.2 1.2 1.2 1.3 1.2 Swiss franc 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 U.S.dollars 82.1 62.6 51.2 52.6 51.6 50.3 49.4 51.5 53.5 52.2 Multiple currency 4.9 17.4 22.7 21.4 20.1 20.8 21.4 20.4 20.1 20.4 Special drawing rights 0.0 0.0 1.5 1.5 1.4 1.5 1.5 1.5 1.5 1.5 All other currencies 0.0 1.7 5.1 4.9 7.7 6.6 6.6 6.6 6.3 6.3 345 LIBERIA (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 7. DEBT RESTRLUCTITRINGS Total amount rescheduled ..0 0 0 0 0 0 0 0 Debt stock rescheduled 0 0 0 0 0 0 0 0 Principal rescheduled 0 0 0 0 0 0 0 0 Official 0 0 0 0 0 0 0 0 Private 0 0 0 0 0 0 0 0 Interest rescheduled 0 0 0 0 0 0 0 0 Official 0 0 0 0 0 0 0 0 Private ..0 0 0 0 0 0 0 0 Debt forgiven 0 0 0 0 0 0 0 0 Memo: interest forgiven ..0 0 0 0 0 0 0 0 Debt stock reduction 0 0 0 0 0 0 0 0 of which debt buyback 0 0 0 0 0 0 0 0 8. DEBT rSTOCK-FLOW 'RECONCILIATION Total change in debt stocks 164 -31 34 99 98 -48 -95 91 Net flows on debt -7 95 -1 -1 10 -14 0 11 -21 3 Net change in interest afrears 87 7 24 45 68 4 -5 44 Interest capitalized 0 0 0 0 0 0 0 0 Debt forgiveness or reduction 0 0 0 0 0 0 0 0 Cross-currency valuation ... 46 -20 2 44 22 -36 -41 30 Residual ... 32 -18 -1 24 8 -27 -28 15 9. AVERAGE TERMS OF NE%% COMMITMENTS ALL CREDITORS Interest (%) 6.6 7.3 4.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Maturity (years) 18.7 18.8 24.8 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Grace period (years) 4.4 4.5 5.3 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Grant element (%) 20.7 25.1 42.8 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Official creditors Interest (%) 6.4 5.3 4.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Maturity (years) 20.8 23.1 24.8 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Grace period (years) 5.0 5.5 5.3 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Grant element (%) 23.5 35.5 42.8 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private creditors Interest (%) 7.9 12.6 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Maturity (years) 8.1 7.3 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Grace period (years) 1.5 1.6 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Grant element (%) 6.6 -3.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memorandum items Commitments 12 40 32 0 0 0 0 0 0 0 Official creditors 10 30 32 0 0 0 0 0 0 0 Private creditors 2 11 0 0 0 0 0 0 0 0 10. CONTRACTUAL OBL-IGATIONS ON OIJTSTrXNDING LONG-TERNM DEBT TOTAL Disbursements 0 0 0 0 0 0 0 0 0 0 Principal 65 47 24 22 21 19 17 17 15 14 Interest 1 1 8 6 5 5 4 4 3 3 3 Official creditors Disbursements 0 0 0 0 0 0 0 0 0 0 Principal 65 47 24 22 21 19 17 17 15 14 Interest 1 1 8 6 5 5 4 4 3 3 3 Bilateral creditors Disbursements 0 0 0 0 0 0 0 0 0 0 Principal 17 16 15 14 14 13 1 1 1 1 9 8 Interest 4 4 3 3 3 2 2 2 1 1 Multilateral creditors Disbursements 0 0 0 0 0 0 0 0 0 0 Principal 48 3 1 10 8 8 6 6 6 6 6 Interest 7 4 3 2 2 2 2 2 1 1 Private creditors Disbursements 0 0 0 0 0 0 0 0 0 0 Principal 0 0 0 0 0 0 0 0 0 0 Interest 0 0 0 0 0 0 0 0 0 0 Commercial banks Disbursements 0 0 0 0 0 0 0 0 0 0 Principal 0 0 0 0 0 0 0 0 0 0 Interest 0 0 0 0 0 0 0 0 0 0 Other private Disbursements 0 0 0 0 0 0 0 0 0 0 Principal 0 0 0 0 0 0 0 0 0 0 Interest 0 0 0 0 0 0 0 0 0 0 346 LITHUANIA (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 I. SU1%MIAR V DE BT DATA TOTAL DEBT STOCKS (EDT) .. . . 55.5 327.8 493.7 759.6 1,222.5 1,533.0 1,949.7 Long-term debt (LDOD) .. . . 27.4 200.2 268.3 448.7 792.5 1,099.6 1,320.0 Public and publicly guaranteed ... . 27.4 200.2 268.3 420.0 728.1 1,041.9 1,215.8 Private nonguaranteed ... . 0.0 0.0 0.0 28.7 64.4 57.7 104.2 Use of IMF credit .. . . 23.7 120.8 196.4 261.5 273.4 270.5 253.2 Short-term debt .. . . 4.5 6.8 29.0 49.4 156.7 163.0 376.5 of which interest arrears on LDOD ... . 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Official creditors ... . 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private creditors ... . 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: principal arrears on LDOD ... . 0.0 0.0 0.0 0.0 0.0 0.0 6.7 Official creditors ... . 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private creditors ... . 0.0 0.0 0.0 0.0 0.0 0.0 6.7 Memo: export credits ... . 4.0 6.0 97.0 135.0 182.0 212.0 275.0 TOTAL DEBT FLOWS Disbursements .. . . 33.8 279.0 156.8 218.5 464.7 609.6 249.4 Long-term debt ... . 9.5 180.2 90.1 155.7 419.7 552.7 249.4 IMF purchases ... . 24.3 98.8 66.7 62.8 45.1 57.0 0.0 Principal repayments .. . . 2.9 3.3 35.2 12.2 81.8 249.5 102.4 Long-term debt ... . 2.9 3.3 35.2 12.2 57.3 206.7 74.4 IiMFrepurchases ... . 0.0 0.0 0.0 0.0 24.5 42.7 28.0 Net flowvs on debt .. . . 35.5 278.0 143.8 226.8 490.2 366.5 360.5 of which short-term debt ... . 4.5 2.4 22.2 20.4 107.3 6.3 213.5 Interest payments (INT) ... . 1.1 4.0 32.5 31.3 42.2 68.1 67.9 Long-term debt ... . 1.1 1.2 23.1 17.4 23.6 46.9 54.2 IMF charges ... . 0.0 2.5 7.6 11.5 11.5 12.4 12.3 Short-termn debt ... . 0.0 0.3 1.8 2.4 7.0 8.8 1.5 Net transfers on debt .. . . 34.3 274.0 111.4 195.5 448.0 298.4 292.6 Total debt service paid (TDS) .. . . 4.0 7.3 67.7 43.5 124.0 317.5 170.3 Long-term debt ... . 4.0 4.5 58.3 29.6 80.9 253.6 128.6 IMF repurchases and charges ... . 0.0 2.5 7.6 11.5 36.1 55.2 40.2 Short-term debt (interest only) ... . 0.0 0.3 1.8 2.4 7.0 8.8 1.5 2. AGGREGATE NET RESOUiRCE FLOWS AND NET TRANSFERS (LONG-TERAI) NET RESOURCE FLOWS .. . . 74.9 226.4 113.3 238.3 578.8 763.2 1,182.7 Net flow of long-term debt (ex. IME ... . 6.7 176.9 54.9 143.5 362.4 345.9 175.0 Foreign direct investment (net) ... . 0.0 30.2 31.3 72.6 152.4 354.5 926.0 Portfolio equity flows ... . 0.0 0.0 0.0 4.3 21.0 0.0 0.0 Grants (excluding technical coop.) ... . 68.3 19.3 27.0 17.9 43.1 62.8 81.6 Memo: techrnical coop. grants ... . 16.4 18.9 28.6 116.4 36.0 31.7 25.7 official net resource flows ... . 77.8 149.7 94.0 105.9 154.1 130.2 200.2 private net resource flows ... . -2.9 76.7 19.3 132.4 424.7 633.0 982.5 NET TRANSFERS .. . . 73.8 225.2 90.1 220.9 555.3 716.3 1,128.4 Interest on long-term debt ... . 1.1 1.2 23.1 17.4 23.6 46.9 54.2 Profit remittances on FDI ... . 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: official net transfers ..77.8 149.2 85.1 92.6 139.4 108.5 174.2 private net transfers ..-4.0 76.0 5.0 128.3 415.9 607.8 954.2 3~. rMAJOR ECONONMIC AGGREGATES Gross national product (GNP) ... 6,118.1 5,840.8 6,871.9 7,801.3 9,386.7 10,480.7 Exports of goods & services (XGS) ...... 2,236.1 2,373.3 3,243.3 4,264.5 5,306.5 5,197.2 of which workers remittances ...... 0.0 0.7 1.1 1.9 1.8 2.1 Imports of goods & services (MGS) . ... 2,437.6 2,623.3 3,965.9 5,129.0 6,516.0 6,728.3 Intemational reserves (RES) ..107.3 422.9 596.7 829.0 841.0 1,064.0 1,462.7 Current account balance ... -85.7 -94.0 -614.4 -722.6 -981.3 -1,298.2 4. DEBT INDICATORS EDT / XGS ()... 14.7 20.8 23.4 28.7 28.9 37.5 EDT /GNP(% ...... 5.4 8.5 11.1 15.7 16.3 18.6 TDS / XGS ()...... 0.3 2.9 1.3 2.9 6.0 3.3 INT /XGS(% ...... 0.2 1.4 1.0 1.0 1.3 1.3 INT /GNP(% ...... 0.1 0.6 0.5 0.5 0.7 0.7 RES / EDT (% .. . 193.3 129.0 120.9 109.1 68.8 69.4 75.0 RES / MGS (months) ...... 2.1 2.7 2.5 2.0 2.0 2.6 Short-term /EDT (%) ... . 8.1 2.1 5.9 6.5 12.8 10.6 19.3 Concessional /EDT (% .. . 17.1 10.3 15.7 13.1 8.6 7.1 6.0 Multilateral /EDT (%) ... . 0.0 30.5 24.1 21.4 18.6 16.2 17.6 347 LITHUANIA (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 S. LONG-TERN] DEBT DEBT OUTSTANDING (LDOD) .. . . 27.4 200.2 268.3 448.7 792.5 1,099.6 1,320.0 Public and publicly guaranteed .. . . 27.4 200.2 268.3 420.0 728.1 1,041.9 1,215.8 Official creditors ... . 9.5 136.4 213.8 307.0 401.0 439.2 575.7 Multilateral ... . 0.0 99.8 119.2 162.6 227.9 248.5 342.6 Concessional ... . 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bilateral ... . 9.5 36.6 94.6 144.3 173.1 190.7 233.2 Concessional ... . 9.5 33.6 77.7 99.7 105.0 108.1 116.9 Private creditors ... . 17.9 63.8 54.5 113.0 327.1 602.6 640.1 Bonds ... . 0.0 0.0 0.0 0.0 110.0 200.0 200.0 Commiercial banks ... . 0.0 0.0 0.0 0.0 59.8 168.9 208.1 Other private ... . 17.9 63.8 54.5 113.0 157.3 233.7 232.0 Private nonguaranteed .. . . 0.0 0.0 0.0 28.7 64.4 57.7 104.2 Bonds ... . 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commnercial banks ... . 0.0 0.0 0.0 28.7 64.4 57.7 104.2 Memo: IBRD ... . 0.0 41.6 48.9 61.8 101.2 114.3 173.7 IDA ... . 0.0 0.0 0.0 0.0 0.0 0.0 0.0 DISBURSEMENTS .. . . 9.5 180.2 90.1 155.7 419.7 552.7 249.4 Public and publicly guaranteed .. . . 9.5 180.2 90.1 155.7 384.0 552.7 216.9 Official creditors ... . 9.5 130.4 68.1 91.3 129.5 84.8 143.2 Multilateral ... . 0.0 103.2 10.6 38.0 81.3 48.5 95.5 Concessional ... . 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bilateral ... . 9.5 27.2 57.5 53.3 48.2 36.3 47.7 Concessional ... . 9.5 24.1 43.3 24.1 10.0 8.0 6.2 Private creditors ... . 0.0 49.8 22.0 64.5 254.4 467.9 73.7 Bonds ... . 0.0 0.0 0.0 0.0 110.0 200.0 0.0 Commiercial banks ... . 0.0 0.0 0.0 0.0 60.0 150.3 51.2 Other private ... . 0.0 49.8 22.0 64.5 84.5 117.5 22.5 Private nonguaranteed .. . . 0.0 0.0 0.0 0.0 35.7 0.0 32.5 Bonds ... . 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks ... . 0.0 0.0 0.0 0.0 35.7 0.0 32.5 Memo: IBRD ... . 0.0 42.4 4.2 12.1 43.8 20.7 60.3 IDA ... . 0.0 0.0 0.0 0.0 0.0 0.0 0.0 PRINCIPAL REPAYMENTS .. . . 2.9 3.3 35.2 12.2 57.3 206.7 74.4 Public and publicly guaranteed .. . . 2.9 3.3 35.2 12.2 52.3 200.0 65.0 Official creditors ... . 0.0 0.0 1.1 3.2 18.5 17.4 24.6 Multilateral ... . 0.0 0.0 0.0 0.0 6.2 8.5 11.1 Concessional ... . 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bilateral ... . 0.0 0.0 1.1 3.2 12.3 8.9 13.5 Concessional ... . 0.0 0.0 0.0 0.3 0.0 1.0 1.6 Private creditors ... . 2.9 3.3 34.1 8.9 33.8 182.7 40.3 Bonds ... . 0.0 0.0 0.0 0.0 0.0 110.0 0.0 Commercial banks ... . 0.0 0.0 0.0 0.0 0.0 40.4 10.7 Other private ... . 2.9 3.3 34.1 8.9 33.8 32.3 29.7 Private nonguaranteed ... . 0.0 0.0 0.0 0.0 5.0 6.7 9.4 Bonds ... . 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Comnmercial banks ... . 0.0 0.0 0.0 0.0 5.0 6.7 9.4 Memo: IBRD ... . 0.0 0.0 0.0 0.0 0.0 2.6 3.2 IDA ... . 0.0 0.0 0.0 0.0 0.0 0.0 0.0 NET FLOWS ON DEBT .. . . 6.7 176.9 54.9 143.5 362.4 345.9 175.0 Public and publicly guaranteed .. . . 6.7 176.9 54.9 143.5 331.7 352.6 151.9 Official creditors ... . 9.5 130.4 67.0 88.0 111.0 67.4 118.6 Multilateral ... . 0.0 103.2 10.6 38.0 75.2 40.0 84.4 Concessional ... . 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bilateral ... . 9.5 27.2 56.4 50.0 35.9 27.4 34.1 Concessional ... . 9.5 24.1 43.3 23.8 10.0 7.0 4.6 Private creditors ... . -2.9 46.5 -12.0 55.5 220.6 285.2 33.4 Bonds ... . 0.0 0.0 0.0 0.0 110.0 90.0 0.0 Commrercial banks ... . 0.0 0.0 0.0 0.0 60.0 110.0 40.6 Other private ... . -2.9 46.5 -12.0 55.5 50.7 85.2 -7.2 Private nonguaranteed ... . 0.0 0.0 0.0 0.0 30.7 -6.7 23.1 Bonds ... . 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks ... . 0.0 0.0 0.0 0.0 30.7 -6.7 23.1 Memo: IBRD ... . 0.0 42.4 4.2 12.1 43.8 18.1 57.1 IDA ... . 0.0 0.0 0.0 0.0 0.0 0.0 0.0 348 LITHUANIA (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 INTEREST PAYMENTS (LINT) .. . . 1.1 1.2 23.1 17.4 23.6 46.9 54.2 Public and publicly guaranteed ... . 1.1 1.2 23.1 17.4 21.3 44.0 49.6 Official creditors ... . 0.0 0.5 8.9 13.3 14.7 21.7 26.0 Multilateral ... . 0.0 0.3 7.8 9.4 10.4 14.2 17.0 Concessional ... . 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bilateral ... . 0.0 0.2 1.1 3.9 4.3 7.4 9.0 Concessional ... . 0.0 0.2 0.7 2.7 1.8 2.2 2.2 Private creditors ... . 1.1 0.7 14.3 4.1 6.5 22.3 23.7 Bonds ... . 0.0 0.0 0.0 0.0 0.0 8.3 7.1 Commercial banks ... . 0.0 0.0 0.0 0.0 0.2 4.2 5.0 Other private ... . 1.1 0.7 14.3 4.1 6.3 9.9 11.6 Private nonguaranteed ... . 0.0 0.0 0.0 0.0 2.3 2.9 4.6 Bonds ... . 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks ... . 0.0 0.0 0.0 0.0 2.3 2.9 4.6 Memo: IBRD ... . 0.0 0.3 3.2 3.6 4.3 7.1 8.3 IDA ... . 0.0 0.0 0.0 0.0 0.0 0.0 0.0 NET TRANSFERS ON DEBT .. . . 5.5 175.7 31.8 126.1 338.8 299.1 120.8 Public and publicly guaranteed ... . 5.5 175.7 31.8 126.1 310.4 308.7 102.3 Official creditors ... . 9.5 129.9 58.1 74.7 96.3 45.8 92.6 Multilateral ... . 0.0 102.9 2.8 28.6 64.8 25.8 67.5 Concessional ... . 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bilateral ... . 9.5 27.0 55.3 46.1 31.5 20.0 25.1 Concessional ... . 9.5 23.9 42.7 21.1 8.2 4.8 2.4 Private creditors ... . -4.0 45.8 -26.3 51.4 214.1 262.9 9.7 Bonds ... . 0.0 0.0 0.0 0.0 110.0 81.8 -7.1 Commercial banks ... . 0.0 0.0 0.0 0.0 59.8 105.8 35.6 Other private ... . -4.0 45.8 -26.3 51.4 44.3 75.4 -18.7 Private nonguaranteed ... . 0.0 0.0 0.0 0.0 28.4 -9.6 18.5 Bonds ... . 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks ... . 0.0 0.0 0.0 0.0 28.4 -9.6 18.5 Memo: IBRD ... . 0.0 42.1 1.0 8.5 39.5 11.0 48.7 IDA ... . 0.0 0.0 0.0 0.0 0.0 0.0 0.0 DEBT SERVICE (LTDS) .. . . 4.0 4.5 58.3 29.6 80.9 253.6 128.6 Public and publicly guaranteed ... . 4.0 4.5 58.3 29.6 73.6 244.0 114.6 Official creditors ... . 0.0 0.5 10.0 16.6 33.2 39.0 50.6 Multilateral ... . 0.0 0.3 7.8 9.4 16.6 22.7 28.1 Concessional ... . 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bilateral ... . 0.0 0.2 2.2 7.1 16.6 16.3 22.5 Concessional ... . 0.0 0.2 0.7 3.0 1.8 3.2 3.8 Private creditors ... . 4.0 4.0 48.3 13.0 40.3 205.0 64.0 Bonds ... . 0.0 0.0 0.0 0.0 0.0 118.3 7.1 Commercial banks ... . 0.0 0.0 0.0 0.0 0.2 44.6 15.6 Other private ... . 4.0 4.0 48.3 13.0 40.1 42.1 41.2 Private nonguaranteed ... . 0.0 0.0 0.0 0.0 7.3 9.6 14.0 Bonds ... . 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks ... . 0.0 0.0 0.0 0.0 7.3 9.6 14.0 Memo: IBRD ... . 0.0 0.3 3.2 3.6 4.3 9.7 11.6 IDA ... . 0.0 0.0 0.0 0.0 0.0 0.0 0.0 UNDISBURSED DEBT .. . . 135.4 141.6 209.5 479.8 578.5 375.8 307.4 Official creditors ... . 104.8 117.7 138.0 235.1 380.3 295.3 205.6 Private creditors ... . 30.6 23.9 71.5 244.7 198.2 80.6 101.8 Memorandum items Concessional LDOD ... . 9.5 33.6 77.7 99.7 105.0 108.1 116.9 Variable rate LDOD ... . 17.9 102.1 128.4 236.4 400.4 563.0 752.2 Public sector LDOD ... . 27.4 200.2 265.4 414.3 717.9 978.4 1,123.7 Private sector LDOD ..0.0 0.0 2.9 34.4 74.6 121.2 196.3 6. CUfRRENCV CONlIPOSFTION OF LONG-TERAM DEBT iPERCENT3 Deutsche mark ... . 0.0 4.7 11.7 17.7 9.0 6.2 4.6 French franc ... . 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Japanese yen ... . 0.0 0.0 12.8 10.0 8.5 5.9 5.9 Pound sterling ... . 0.0 0.0 0.0 0.0 0.0 0.0 0.2 Swiss franc ... . 65.4 7.4 5.1 3.3 1.4 0.6 0.2 U.S.dollars ... . 34.7 39.1 27.7 32.9 49.1 61.3 58.7 Multiple currency ... . 0.0 20.8 18.2 14.7 13.8 10.7 14.2 Special drawing rights ... . 0.0 0.0 0.0 0.0 0.0 0.0 0.0 All other cuffencies ... . 0.0 28.0 24.5 21.4 18.2 15.3 16.2 349 LITHUANIA (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 7. DEB r RESTRRUCTUIRINGS Total amount rescheduled ... . 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Debt stock rescheduled ... . 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal rescheduled ... . 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Official ... . 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private ... . 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Interest rescheduled ...... 0.0 0.0 0.0 0.0 0.0 0.0 Official ... . 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private ... . 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Debt forgiven ... . 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: interest forgiven ... . 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Debt stock reduction ... . 0.0 0.0 0.0 0.0 0.0 0.0 0.0 of which debt buyback ... . 0.0 0.0 0.0 0.0 0.0 0.0 0.0 8. DEBT STOCK-FLOW RECONCILIATION Total change in debt stocks ...... 272.3 165.9 265.9 462.9 310.5 416.7 Net flows on debt ... . 35.5 278.0 143.8 226.8 490.2 366.5 360.5 Net change in interest arrears ...... 0.0 0.0 0.0 0.0 0.0 0.0 Interest capitalized ...... 0.0 0.0 0.0 0.0 0.0 0.0 Debt forgiveness or reduction ...... 0.0 0.0 0.0 0.0 0.0 -1.9 Cross-currency valuation ...... -5.8 19.1 14.2 -24.7 -38.5 27.0 Residual ...... 0.1 3.0 24.9 -2.6 -17.5 31.1 9. AVER AGE TERNIS OF NE%% commlTmENTS ALL CREDITORS Interest (%) ... . 7.2 5.7 5.0 7.3 6.8 6.3 5.6 Maturity (ycars) ... . 14.5 11.7 12.5 9.4 11.3 6.0 4.6 Grace period (years) ... . 4.2 5.2 3.6 2.6 2.8 3.6 2.0 Grant element (%) ... . 15.5 23.0 24.9 13.8 13.8 12.9 11.3 Official creditors Interest (%) ... . 7.4 5.5 5.3 6.3 6.6 7.1 4.0 Maturity (years) ... . 15.7 14.3 14.9 14.6 14.9 18.6 5.6 Grace period (years) ... . 4.5 6.4 4.9 4.4 4.3 4.9 1.7 Grant element (%) ... . 15.3 28.5 27.2 22.5 18.1 17.4 16.1 Private creditors Interest (%) ... . 6.5 6.5 4.6 8.1 7.2 6.3 6.6 Maturity (years) ... . 10.3 2.9 9.6 5.2 6.4 5.5 4.0 Grace period (years) ... . 3.1 1.2 2.1 1.2 0.9 3.6 2.1 Grant element (%) ... . 16.0 4.5 22.1 6.9 8.1 12.8 8.4 Memorandum items Commitments ... . 145.9 189.3 151.3 422.2 497.3 448.3 61.1 Official creditors ...115.2 146.0 82.9 186.4 285.2 14.7 23.4 Private creditors ... . 30.6 43.3 68.4 235.9 212.1 433.6 37.7 10. CONTRACTUAL OBLIGATIONS ON OUTSTANDING LONG-TERMN DEBT 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 TOTAL Disbursements 127.8 79.4 38.6 22.8 11.6 8.1 5.8 2.6 1.7 1.1 Principal 144.8 351.4 148.6 354.6 114.0 83.9 95.3 54.8 49.0 46.1 Interest 75.9 72.2 56.5 51.0 29.7 24.9 20.3 15.8 13.1 10.5 Official creditors Disbursements 65.8 48.2 32.3 20.5 11.6 8.1 5.8 2.6 1.7 1.1 Principal 43.6 110.7 59.6 95.2 59.8 50.6 66.1 41.4 41.1 39.7 Interest 31.9 32.3 29.6 27.7 23.2 20.7 17.7 14.5 12.3 10.0 Bilateral creditors Disbursements 18.5 10.8 4.3 1.4 0.3 0.1 0.0 0.0 0.0 0.0 Principal 24.7 25.5 27.9 33.9 26.8 19.8 16.2 10.6 10.3 8.9 Interest 10.4 10.5 9.7 8.3 6.4 5.0 4.1 3.2 2.8 2.4 Multilateral creditors Disbursements 47.3 37.4 28.0 19.1 11.3 8.0 5.8 2.6 1.7 1.1 Principal 19.0 85.2 31.6 61.4 32.9 30.8 49.9 30.8 30.8 30.8 Interest 21.5 21.8 19.9 19.4 16.7 15.7 13.6 11.3 9.5 7.7 Private creditors Disbursements 62.1 31.2 6.3 2.3 0.0 0.0 0.0 0.0 0.0 0.0 Principal 101.1 240.8 89.0 259.3 54.2 33.2 29.2 13.3 7.9 6.3 Interest 44.1 39.9 26.9 23.2 6.5 4.1 2.6 1.3 0.9 0.5 Commnercial banks Disbursements 36.0 18.8 3.6 1.6 0.0 0.0 0.0 0.0 0.0 0.0 Principal 20.5 149.5 24.0 20.6 21.7 6.2 6.1 5.6 5.6 5.6 Interest 13.8 13.6 4.4 3.3 2.6 1.7 1.3 1.0 0.7 0.3 Other private Disbursements 26.1 12.5 2.7 0.7 0.0 0.0 0.0 0.0 0.0 0.0 Principal 80.6 91.3 65.0 238.7 32.6 27.0 23.1 7.7 2.3 0.8 Interest 30.2 26.3 22.5 20.0 3.9 2.5 1.3 0.3 0.2 0.2 350 MACEDONIA, FYR (US1$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 1. SUMIMARY DEBT D %TA TOTAL DEBT STOCKS (EDT) - . . .. 1,042 1,104 1,565 2,141 1,865 2,392 Long-term debt (LDOD) - .. - 914 927 1,366 1,804 1,640 2,133 Public and publicly guaranteed ...704 709 1,077 1,179 1,573 1,944 Private nonguaranteed ..210 218 289 625 67 189 Use of IMF credit . - - - 4 21 57 68 88 102 Short-term debt - - . - 124 156 143 269 137 157 of which interest arrears on LDOD . .. 108 138 143 183 3 24 Official creditors ...20 30 26 19 0 23 Private creditors ..89 108 117 164 3 2 Memo: principal arrears on LDOD ..349 360 216 85 9 280 Official creditors . ..265 234 24 7 3 278 Private creditors ...84 126 191 79 6 2 Memo: export credits . ..33 90 74 85 180 208 TOTAL DEBT FLOWS Disbursements - . - 1 104 112 127 147 507 Long-term debt ..1 86 75 113 122 495 LMFpurchases ... .0 1 8 38 14 25 12 Principal repayments - . . .. 12 121 20 27 50 98 Long-term debt ......5 119 1 9 26 50 96 IMFrepurchases ......7 2 1 1 0 2 Net flows on debt - - - 5 -15 74 186 146 407 of which short-termndebt ......16 2 -18 85 48 -1 Interest payments (INT) - .. . . 4 35 12 32 83 102 Long-term debt ......3 33 9 25 75 92 IMF charges I.. .. 1 2 3 3 3 Short-term debt ......1 1 1 5 5 7 Net transfers on debt - .. - 0 -50 63 153 63 306 Total debt service paid (TDS) --- - 16 156 32 59 133 200 Long-term debt ......8 152 28 50 124 188 IMF repurchases and charges ......7 3 3 4 3 5 Short-term debt (interest only) I.. .. 1 1 5 5 7 2. AGGREGATE NET RESOURCE FLOWS AND NET TRANSFERS (LONG-TERMI NET RESOURCE F'LOWS - - .. -1 49 87 141 123 545 Net flow of long-term debt (ex. IMF) ......-5 -33 56 87 73 399 Foreign direct investment (net) ......0 24 14 1 1 16 118 Portfolio equity flows ......0 0 0 0 0 0 Grants (excluding technical coop.) ......3 58 1 8 43 34 29 Memo: technical coop. grants ......0 0 1 6 1 9 9 20 official net resource flows ......-1 40 73 130 114 356 private net resource flows ......0 9 14 1 1 9 190 NET TRANSFERS - . . .. -4 16 78 116 48 453 Interest on long-term debt ... .3 33 9 25 75 92 Profit renmittances on FDI . . . . 0 0 0 0 0 0 Memo: official net transfers ..-4 7 64 106 41 305 private net transfers ..0 9 14 1 1 7 148 3. MtAJOR ECONOMIC AGGREGAT-ES Gross national product (GNP) ...... 2,417 2,090 2,512 2,630 2,618 2,475 Exports of goods & services (XGS) * *... 1,392 1,425 1,536 of which workers remittances ... .45 56 63 Ilmports of goods &services (MGS) ... .. .. . 1,848 1,934 2,088 Intemational reserves (RES) ... 121 166 275 268 280 335 Current account balance ... .. .. . -288 -275 -288 41. DEBT INDICATORS EDT / XGS (% .. .. .. . 153.8 130.9 155.8 EDT /GNP(% . .. . .. 43.1 52.8 62.3 81A4 71.3 96.7 TDS /XGS% ... .. .. .4.3 9.3 13.0 INT /XGS(% ... . .. .2.3 5.8 6.6 INT /GNP(% ...... 0.2 1.7 0.5 1.2 3.2 4.1 RES / EDT %)...... 11.6 15.1 17.6 12.5 15.0 14.0 RES /MGS (months) ... .. .. .1.7 1.7 1.9 Short-termn/ EDT (%) ...... 11.9 14.2 9.1 12.6 7.4 6.6 Concessional /EDT %)...... 0.9 4.6 22.5 20.2 25.8 33.8 Multilateral /EDT (%) ...... 21.7 20.3 18.4 16.3 21.5 19.3 351 MACEDONIA, FYR (US8$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 5. LONG-TERM DEBT DEBT OUTSTANDING (LDOD) 914 927 1,366 1,804 1,640 2,133 Public and publicly guaranteed 704 709 1,077 1,179 1,573 1,944 Official creditors 521 519 893 997 1,029 1,395 Multilateral 226 224 288 348 401 462 Concessional 0 42 84 125 175 212 Bilateral 295 295 605 649 628 933 Concessional 9 9 268 308 305 597 Private creditors 183 190 184 182 544 550 Bonds 0 0 0 0 0 0 Commercial banks 104 108 103 100 539 539 Other private 79 82 81 82 5 10 Private nonguaranteed 210 218 289 625 67 189 Bonds 0 0 0 0 0 0 Commercial banks 210 218 289 625 67 189 Memo: IIBRD 151 93 97 78 85 108 IDA 0 42 84 125 146 181 DISBURSEMENTS 1 86 75 113 122 495 Public and publicly guaranteed 1 86 75 113 113 387 Official creditors 1 86 74 112 113 382 Multilateral 1 86 74 97 106 88 Concessional 0 40 42 44 59 30 Bilateral 0 0 0 15 7 294 Concessional 0 0 0 7 0 263 Private creditors 0 0 0 1 0 6 Bonds 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 Other private 0 0 0 1 0 5 Private nonguaranteed 0 0 0 0 10 108 Bonds 0 0 0 0 0 0 Comimercial banks 0 0 0 0 10 108 Memo: IBRD 1 40 20 2 19 43 IDA 0 40 42 44 29 29 PRINCIPAL REPAYMENTS 5 119 19 26 50 96 Public and publicly guaranteed 5 104 19 26 33 55 Official creditors 5 104 19 25 33 55 Multilateral 5 104 19 25 25 25 Concessional 0 0 0 0 0 0 Bilateral 0 0 0 0 8 30 Concessional 0 0 0 0 0 4 Private creditors 0 0 0 1 1 1 Bonds 0 0 0 0 0 0 Commercial banks 0 0 0 1 0 0 Other private 0 0 0 0 1 1 Private nonguaranteed 0 15 0 0 16 41 Bonds 0 0 0 0 0 0 Comimercial banks 0 15 0 0 16 41 Memo: IBRD 5 104 19 15 6 4 IDA 0 0 0 0 0 0 NET FLOWS ON DEBT -5 -33 56 87 73 399 Public and publicly guaranteed -5 -18 56 87 79 332 Official creditors -4 -18 55 87 80 327 Multilateral -4 -18 55 72 81 63 Concessional 0 40 42 44 59 30 Bilateral 0 0 0 15 -1 264 Concessional 0 0 0 7 0 259 Private creditors 0 0 0 0 -1 5 Bonds 0 0 0 0 0 0 Commercial banks 0 0 0 -1 0 0 Other private 0 0 0 1 -l 5 Private nonguaranteed 0 -15 0 0 -7 67 Bonds 0 1) 0 0 0 0 Comimercial banks 0 -15 0 0 -7 67 Memo: IBRD -4 -64 1 -13 13 39 IDA 0 40 42 44 29 29 352 MACEDONIA, FYR (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 INTEREST PAYMENTS (LINT) 3 33 9 25 75 92 Public and publicly guaranteed 3 33 9 25 74 85 Official creditors 3 33 9 24 74 50 Multilateral 3 33 9 16 36 17 Concessional ..0 0 0 1 1 2 Bilateral 0 0 0 8 38 34 Concessional 0 0 0 0 12 12 Private creditors 0 0 0 1 0 35 Bonds ...0 0 0 0 0 0 Commercial banks 0 0 0 0 0 35 Other private 0 0 0 0 0 0 Private nonguaranteed 0 0 0 0 1 7 Bonds 0 0 0 0 0 0 Conunercial banks 0 0 0 0 1 7 Memo: IBRD 3 32 8 6 6 5 IDA 0 0 0 1 1 1 NET TRANSFERS ON DEBT -7 -67 46 63 -2 306 Public and publicly guaranteed ..-7 -52 46 63 6 247 Official creditors -7 -52 46 63 6 277 Multilateral -7 -52 46 57 46 46 Concessional ..0 40 41 43 58 27 Bilateral ...0 0 0 7 -39 231 Concessional 0 0 0 7 -12 246 Private creditors 0 0 0 0 -1 -30 Bonds ...0 0 0 0 0 0 Commercial banks ..0 0 0 -1 0 -34 Other private 0 0 0 1 -1 5 Private nonguaranteed ..0 -15 0 0 -8 59 Bonds ..0 0 0 0 0 0 Commercial banks 0 -15 0 0 -8 59 Memo: IBRD -7 -96 -7 -19 7 34 IDA ..0 40 41 44 28 28 DEBT SERVICE (LTDS) 8 152 28 50 124 188 Public and publicly guaranteed 8 137 28 50 107 140 Official creditors ..8 137 28 49 106 105 Multilateral 8 137 28 40 60 42 Concessional 0 0 0 1 1 2 Bilateral 0 0 0 9 46 63 Concessional 0 0 0 0 12 16 Private creditors ..0 0 0 2 1 35 Bonds 0 0 0 0 0 0 Commercial banks ..0 0 0 1 0 35 Otier private 0 0 0 0 1 1 Private nonguaranteed 0 15 0 0 18 48 Bonds 0 0 0 0 0 0 Comimercial banks 0 15 0 0 18 48 Memo: IBRD ..8 136 27 21 12 9 IDA ..0 0 0 1 1 1 UNDISBURSED DEBT 29 45 176 118 131 250 Official creditors 29 45 169 112 125 239 Private creditors 0 0 7 6 5 11 Memorandum items Concessional LDOD ..9 51 352 433 480 809 Variable rate LDOD ...... 459 509 571 961 800 969 Public sector LDOD ...... 697 705 1,073 1,172 1,563 1,933 Private sector LDOD ...... 217 222 293 632 77 200 6. CLURRE N CY COMIPOSITIrON OF LONG-TERMi DE BT IPERC ENT~ Deutsche mark ...... 4.4 5.7 10.1 9.9 8.5 8.5 French franc ...... 0.5 0.6 4.3 3.7 2.2 1.8 Japanese yen .... . 6.1 6.7 4.8 3.2 0.2 14.3 Pound sterling ...... 1.3 1.3 0.8 1.0 0.2 0.1 Swiss franc ...... 0.8 0.9 0.7 4.1 2.7 2.0 U.S.dollars ...... 57.6 63.2 63.2 64.4 76.4 68.5 Multiple currency ...... 29.1 21.3 14.8 11.5 6.6 1.9 Special drawing rights ...... 0.1 0.1 0.1 0.1 0.0 0.0 All other currencies ...... 0.1 0.2 1.2 2.1 3.2 2.9 353 MACEDONIA, FYR (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 7. DEBT RESTRUCTUIRINGS Total amount rescheduled 0 0 544 108 538 0 Debt stock rescheduled 0 0 0 0 423 0 Principal rescheduled 0 0 242 64 39 0 Official 0 0 235 64 0 0 Private ..0 0 7 0 39 0 Interest rescheduled 0 1 4 9 76 0 Official ..0 0 1 3 9 0 0 Private 0 0 1 0 76 0 Debt forgiven ..0 0 0 0 0 0 Memo: interest forgiven ..0 0 0 0 0 0 Debt stock reduction 0 0 0 0 129 0 of which debt buyback 0 0 0 0 0 0 8. DEBT STOCK-FLOW RECONCILIATION Total change in debt stocks 62 462 576 -276 527 Net flows on debt 5 -15 74 186 146 407 Net change in interest ar-rears ..30 4 4 1 -180 2 1 Interest capitalized ..0 14 9 76 0 Debt forgiveness or reduction ..0 0 0 -129 0 Cross-currency valuation ... .. . -15 14 -49 -38 56 Residual ... .. . 63 355 388 -150 42 9. AVERAGE TERMS OF N-EW COr,61AITMENTS ALL CREDITORS Interest (%) ...... 6.8 4.2 3.7 3.7 2.8 5.1 Maturity (years) ...... 15.6 25.1 23.2 20.2 24.1 14.7 Grace period (years) ...... 3.6 6.9 6.8 5.9 8.2 8.1 Grant element (%) ...... 17.3 44.2 46.8 43.4 54.0 31.4 Official creditors Interest (%) ...... 6.8 4.2 3.8 3.6 2.8 5.0 Maturity (years) ...... 15.6 25.1 23.0 20.5 24.1 14.8 Grace period (years) ...... 3.6 6.9 6.7 6.0 8.2 8.2 Grant element (%) ...... 17.3 44.2 46.2 44.2 54.0 31.9 Private creditors Interest (%) ...... 0.0 0.0 2.3 6.7 0.0 8.1 Maturity (years) ...... 0.0 0.0 29.7 3.0 0.0 7.7 Grace period (years) ...... 0.0 0.0 10.9 0.3 0.0 2.9 Grant element (%) ...... 0.0 0.0 64.1 4.8 0.0 6.6 Memorandum items Commnitmnents ...... 28 101 206 62 140 461 Official creditors ...... 28 101 199 61 140 451 Private creditors ......0 0 7 1 0 10 10. CONTRACTUAL OBLIGATIONS ON OUTSTAN-DING LONG-TERMI DEBTr 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 TOTAL Disbursements 70 56 38 23 16 11 8 6 3 13 Principal 112 1l1 115 145 151 130 125 131 132 152 Interest 89 91 88 83 77 68 61 55 47 41 Official creditors Disbursements 64 53 37 23 16 1 1 8 6 3 13 Principal 69 74 8 1 81 94 87 8 1 82 84 90 Interest 48 50 47 43 40 35 3 1 27 23 19 Bilateral creditors Disbursements 28 14 6 2 1 0 0 0 0 0 Principal 42 48 5 1 53 61 60 59 59 59 59 Interest 29 32 30 27 25 22 19 16 13 10 Multilateral creditors Disbursements 36 39 3 1 22 16 1 1 8 6 3 13 Principal 27 27 30 28 33 27 21 23 24 30 Interest 19 1 8 17 16 15 13 12 1 1 10 10 Private creditors Disbursements 6 3 1 0 0 0 0 0 0 0 Principal 43 37 34 64 57 43 44 49 49 63 Interest 41 41 40 39 37 33 30 27 24 21 Comimercial banks Disbursements 6 3 1 0 0 0 0 0 0 0 Principal 2 2 1 35 37 37 37 42 42 49 Interest 39 39 39 38 35 33 30 27 24 21 Other private Disbursements 0 0 0 0 0 0 0 0 0 0 Principal 4 1 35 33 29 1 9 6 7 7 7 14 Interest 2 2 2 1 2 1 1 0 0 0 354 MADAGASCAR (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 I. SUMNtNARI'DEBT DATA TOTAL DEBT STOCKS (EDT) 1,250 3,701 3,911 3,805 4,097 4,322 4,146 4,109 4,394 Long-term debt (LDOD) 485 920 3,335 3,469 3,316 3,537 3,706 3,552 3,875 4,107 Public and publicly guaranteed 485 920 3,335 3,469 3,316 3,537 3,706 3,552 3,875 4,107 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Use of IMF credit 0 87 144 106 92 86 73 73 69 58 Short-term debt -- 244 223 336 397 474 544 521 164 230 of which interest arrears on LDOD 6 123 261 332 426 488 502 153 150 Official creditors 2 113 248 318 410 470 482 138 136 Private creditors 4 10 13 14 17 18 20 15 14 Memo: principal arrears on LDOD 11 266 587 743 976 1,197 1,263 600 604 Official creditors 6 245 553 705 931 1,145 1,210 573 584 Private creditors 5 21 34 38 45 53 53 27 20 Memo: export credits 0 795 926 730 734 686 708 786 779 TOTAL DEBT FLOWS Disbursements 54 444 231 117 123 82 90 156 336 102 Long-term debt 54 375 214 117 123 82 90 137 318 102 RAF purchases 0 70 17 0 0 0 0 20 19 0 Principal repayments 45 48 121 56 48 43 38 60 118 72 Long-term debt 45 46 70 40 34 31 24 43 100 58 EMF repurchases 0 2 51 16 14 12 15 17 18 14 Net flows on debt 9 472 194 50 65 22 59 60 210 100 of which short-termndebt .. 75 83 -10 -10 -17 7 -36 -8 69 Interest payments (INT) -- 57 102 40 30 22 20 23 94 53 Long-termndebt 16 27 85 34 26 19 16 18 93 51 IMFcharges 0 1 10 3 2 1 1 1 0 0 Short-term debt .. 29 7 3 3 2 3 4 1 2 Net transfers on debt -- 415 92 10 35 0 39 37 116 46 Total debt service paid (TDS) .. 104 223 96 78 65 58 83 212 125 Long-term debt 6 1 72 155 74 60 50 40 62 193 109 IMF repurchases and charges 0 3 6 1 1 9 1 6 1 3 1 5 17 1 8 14 Short-term debt (interest only) .. 29 7 3 3 2 3 4 1 2 2. AGGREGATE NET RESOURCE FLOWVSAND NET TRANSFERS ILONG-TERNI i NET RESOURCE FLOWS 39 358 514 300 302 225 240 305 797 414 Net flow of long-termndebt (ex. IMF) 9 329 144 77 89 5 1 66 93 217 44 Foreign direct investment (net) 10 -1 22 2 1 1 5 6 10 1 0 14 1 6 Portfolio equity flows 0 0 0 0 0 0 0 0 0 0 Grants (excluding technical coop.) 20 30 348 203 198 168 164 202 566 354 Memo: technical coop. grants 2 1 5 1 85 88 99 105 124 117 ill 95 official net resource flows 30 219 507 288 295 224 235 300 784 399 private net resource flows 9 139 7 1 3 7 1 6 5 1 3 1 5 NET TRANSFERS 18 330 428 266 276 204 222 284 700 358 Interest on long-term debt 16 27 85 34 26 19 16 1 8 93 5 1 Profit renmittances on FDI 5 1 1 1 1 2 2 3 4 5 Memo: official net transfers 14 211 435 257 271 206 219 283 692 348 private net transfers 4 119 -7 8 5 -2 3 1 8 10 3. M%AJOR ECONOMIC AGGREGATES Gross national product (GNP) 1,075 3,996 2,936 2,853 3,224 2,827 2,993 3,837 3,442 3,677 Exports of goods &services (XGS) .. 519 490 518 536 669 765 815 808 854 of which workers remittances ..0 4 12 12 1 1 9 6 Imports of goods &services (MGS) .. 1,121 985 884 970 1,032 1,161 1,171 1,195 1,231 intemnational reserves (RES) 37 9 92 ...72 109 241 282 171 Current account balance .. -556 -265 -198 -258 -277 -276 -153 -202 -289 4. DEBT INDICATORS EDT /XGS(% . 241.0 755.5 754.5 709.4 612.3 564.9 508.8 508.4 514.6 EDT /GNP(% . 31.3 126.1 137.1 118.0 144.9 144.4 108.1 119.4 119.5 TDS /XGS(% . 20.1 45.5 18.6 14.6 9.8 7.6 10.2 26.2 14.7 INT /XGS(% . 10.9 20.8 7.7 5.6 3.3 2.6 2.8 11.6 6.3 INT /GNP(% . 1.4 3.5 1.4 0.9 0.8 0.7 0.6 2.7 1.5 RES /EDT(% . 0.7 2.5 ... 1.8 2.5 5.8 6.9 3.9 RES /MGS (months) . 0.1 1.1... 0.8 1.1 2.5 2.8 1.7 Short-term /EDT (%) .. 19.5 6.0 8.6 10.4 11.6 12.6 12.6 4.0 5.2 Concessional /EDT(% . 37.5 46.6 50.1 51.3 51.7 51.9 51.4 65.2 66.3 Multilateral /EDT (%) .. 14.6 33.3 35.8 38.7 39.0 39.1 38.7 40.4 40.5 355 MADAGASCAR (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 S. LONG-TERMI DEBT DEBT OUTSTANDING (LDOD) 485 920 3,335 3,469 3,316 3,537 3,706 3,552 3,875 4,107 Public and publicly guaranteed 485 920 3,335 3,469 3,316 3,537 3,706 3,552 3,875 4,107 Official creditors 484 574 3,195 3,357 3,229 3,451 3,622 3,475 3,830 4,065 Multilateral 42 182 1,231 1,400 1,472 1,596 1,690 1,604 1,661 1,781 Concessional 10 148 1,075 1,251 1,323 1,440 1,536 1,452 1,560 1,692 Bilateral 443 392 1,964 1,957 1,757 1,855 1,931 1,871 2,169 2,284 Concessional 442 321 648 707 630 678 706 680 1,121 1,221 Private creditors 1 346 140 112 87 86 84 77 45 41 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 134 38 30 29 28 28 25 24 24 Other private 1 212 102 82 59 58 56 51 21 17 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 0 0 Memo: IBRD 2 30 26 20 17 14 12 7 3 1 IDA 10 122 770 887 932 1,021 1,110 1,147 1,212 1,317 DISBURSEMENTS 54 375 214 117 123 82 90 137 318 102 Public and publicly guaranteed 54 375 214 117 123 82 90 137 318 102 Official creditors 54 212 213 117 123 82 89 136 317 102 Multilateral 6 42 136 82 95 75 78 108 210 98 Concessional 5 38 120 70 77 66 78 91 208 98 Bilateral 48 170 77 34 29 8 11 28 107 5 Concessional 48 115 77 32 27 6 10 25 6 5 Private creditors 0 163 1 0 0 0 1 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commnercial banks 0 62 0 0 0 0 0 0 0 0 Other private 0 101 1 0 0 0 1 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commnercial banks 0 0 0 0 0 0 0 0 0 0 Memo: IBRD 1 2 0 0 0 0 0 0 0 0 IDA 5 25 64 37 47 60 76 78 130 77 PRINCIPAL REPAYMENTS 45 46 70 40 34 31 24 43 100 58 Public and publicly guaranteed 45 46 70 40 34 31 24 43 100 58 Official creditors 45 23 53 32 26 26 19 38 99 57 Multilateral 3 1 19 20 22 22 18 36 65 36 Concessional 0 0 9 9 9 9 9 20 25 20 Bilateral 41 22 35 12 4 4 1 2 34 21 Concessional 41 21 9 12 3 4 1 1 30 20 Private creditors 1 23 16 8 8 5 5 5 2 1 Bonds 0 0 0 0 0 0 0 0 0 0 Commnercial banks 0 12 1 1 2 1 1 1 2 1 1 Other private 1 12 6 6 7 4 4 3 1 0 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commnercial banks 0 0 0 0 0 0 0 0 0 0 Memo: IBRD 0 0 3 3 3 3 4 4 4 2 IDA 0 0 3 4 5 6 7 9 10 12 NET FLOWS ON DEBT 9 329 144 77 89 51 66 93 217 44 Public and publicly guaranteed 9 329 144 77 89 51 66 93 217 44 Official creditors 10 189 159 85 97 56 70 98 219 45 Multilateral 3 41 117 63 73 52 60 72 145 61 Concessional 5 38 ill 62 68 58 69 71 183 78 Bilateral 7 148 42 22 24 4 10 26 73 -16 Concessional 7 94 68 20 25 2 10 24 -24 -15 Private creditors -1 140 -15 -8 -8 -5 -4 -5 -1 -1 Bonds 0 0 0 0 0 0 0 0 0 0 Conmnercial banks 0 50 -10 -2 -1 -1 -1 -2 -1 -1 Other private -1 89 -5 -6 -7 -4 -3 -3 -1 0 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Cormmercial banks 0 0 0 0 0 0 0 0 0 0 Memo: IBRD 1 1 -3 -3 -3 -3 -4 -4- -2 IDA 5 25 61 33 42 54 69 69 120 65 356 MADAGASCAR (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 INTEREST PAYMENTS (LINT) 16 27 85 34 26 19 16 18 93 51 Public and publicly guaranteed 16 27 85 34 26 19 16 18 93 51 Official creditors 16 8 , 72 30 24 18 15 17 93 51 Multilateral 1 4 18 18 20 15 12 15 42 19 Concessional 0 1 7 9 10 8 9 11 16 14 Bilateral 15 4 54 12 4 4 4 2 51 32 Concessional 15 4 11 10 4 3 3 1 26 22 Private creditors 0 19 13 3 1 1 1 2 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 9 10 2 0 0 0 1 0 0 Other private 0 10 3 2 1 1 0 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 0 0 Memo: IBRD 0 2 2 2 1 1 1 1 0 0 IDA 0 1 5 7 7 7 8 9 9 9 NET TRANSFERS ON DEBT -7 302 59 43 64 32 50 75 125 -7 Public and publicly guaranteed -7 302 59 43 64 32 50 75 125 -7 Official creditors -7 181 87 54 73 38 55 81 126 -6 Multilateral 2 37 99 45 53 38 48 57 103 43 Concessional 5 37 104 53 57 50 60 61 167 64 Bilateral -9 144 -12 10 20 0 7 24 23 -48 Concessional -9 90 57 10 21 -1 7 23 -50 -37 Private creditors -1 121 -28 -12 -9 -6 -5 -6 -2 -1 Bonds 0 0 0 0 0 0 0 0 0 0 Conumercial banks 0 42 -21 -4 -2 -2 -1 -3 -1 -1 Other private -1 79 -8 -8 -8 -4 -4-3 -1 0 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Conmmercial banks 0 0 0 0 0 0 0 0 0 0 Memo: IBRD 1 -1 -5 -4 -4 -5 -5 -5 -4 -2 IDA 5 24 56 26 35 46 62 60 ill 56 DEBT SERVICE (LTDS) 61 72 155 74 60 50 40 62 193 109 Public and publicly guaranteed 61 72 155 74 60 50 40 62 193 109 Official creditors 61 31 125 62 50 44 34 55 191 108 Multilateral 4 4 37 38 42 37 30 51 107 55 Concessional 0 1 16 1 8 20 1 7 18 31 41 33 Bilateral 56 26 89 24 9 7 5 4 84 53 Concessional 56 24 20 22 6 7 3 2 56 42 Private creditors 1 42 29 12 9 6 6 7 2 1 Bonds 0 0 0 0 0 0 0 0 0 0 Comimercial banks 0 20 21 4 2 2 1 3 1 1 Other private 1 22 9 8 8 4 5 3 1 0 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Comimercial banks 0 0 0 0 0 0 0 0 0 0 Memo: IBRD 0 3 5 4 4 5 5 5 4 2 IDA 0 1 8 10 12 13 15 18 19 21 UNDISBURSED DEBT 186 713 889 705 662 655 636 540 497 575 Official creditors 177 472 889 705 660 653 636 540 497 575 Private creditors 10 241 0 0 2 2 1 0 0 0 Memorandum items Concessional LDOD 452 469 1,723 1,958 1,952 2,118 2,242 2,132 2,681 2,913 Variable rate LDOD 0 74 337 314 259 274 292 280 240 235 Public sector LDOD 483 906 3,259 3,360 3,207 3,418 3,573 3,404 3,745 3,951 Private sector LDOD 2 14 76 110 109 118 133 148 130 156 6. CURRENCI COM%POSFTION OF LONG-TERMI DEBT 'PERCENTI Deutsche mark 2.3 5.0 3.3 3.0 3.1 3.3 3.3 3.0 1.8 1.8 French franc 88.3 12.7 15.7 15.2 11.4 11.9 12.6 12.9 13.4 13.8 Japanese yen 0.0 7.3 7.3 7.3 8.4 8.8 8.1 7.5 7.5 8.2 Pound sterling 0.0 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 Swiss franc 0.0 0.6 1.4 1.1 1.1 1.2 1.3 1.1 1.1 1.1 U.S.dollars 9.1 53.5 42.3 43.7 44.7 44.3 44.8 47.9 49.1 49.0 Multiple cuffency 0.3 4.0 8.6 9.3 10.5 10.5 10.1 10.0 9.1 8.8 Special drawing rights 0.0 0.0 3.2 3.1 3.3 3.3 3.2 3.2 2.7 2.8 All other currencies 0.0 16.8 18.1 17.2 17.4 16.6 16.5 14.3 15.2 14.4 357 MADAGASCAR (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 7. DEB r RESTRLICTLRIINGS Total amount rescheduled ..88 0 0 0 0 0 972 46 Debt stock rescheduled 0 0 0 0 0 0 0 0 Principal rescheduled 65 0 0 0 0 0 579 29 Official .. 49 0 0 0 0 0 551 29 Private 16 0 0 0 0 0 28 0 Interest rescheduled 16 0 0 0 0 0 251 1 3 Official 14 0 0 0 0 0 245 13 Private ...2 0 0 0 0 0 6 0 Debt forgiven 185 11 207 0 0 0 48 6 Memo: interest forgiven 0 0 18 0 0 0 17 1 Debt stock reduction 0 0 0 0 0 0 0 0 of which debt buyback 0 0 0 0 0 0 0 0 8. DEBT STOCK-FLOW RECONCILL& 11ON Total change in debt stocks 270 3 -107 292 226 -176 -37 285 Net flows on debt 9 472 194 50 65 22 59 60 210 100 Net change in interest ar-rears 16 84 70 95 62 1 3 -348 -4 Interest capitalized 16 0 0 0 0 0 251 13 Debt forgiveness or reduction .. -185 -11 -207 0 0 0 -48 -6 Cross-currency valuation ... 177 -72 -16 130 71 -91 -149 108 Residual ... 53 -48 -19 45 34 -158 47 74 9. AVER4,GE TERMIS OF NEW COMIMITNIENTS ALL CREDITORS Interest (%) 2.3 5.7 1.1 1.6 1.2 0.9 1.0 0.6 2.7 0.9 Maturity (years) 39.0 18.2 36.2 36.5 36.9 37.8 36.8 37.9 36.2 35.8 Grace period (years) 9.2 4.6 9.7 9.3 8.7 9.7 9.6 10.0 9.3 8.9 Grant element (%) 65.4 27.5 74.8 69.7 73.6 76.9 75.3 80.7 62.6 74.7 Official creditors Interest (%) 1.4 3.7 1.1 1.6 1.2 0.9 1.0 0.6 2.7 0.9 Maturity (years) 44.6 28.1 36.3 36.5 37.1 37.8 36.8 37.9 36.2 35.8 Grace period (years) 10.4 6.1 9.7 9.3 8.8 9.7 9.6 10.0 9.3 8.9 Grant element (%) 75.3 46.5 75.1 69.7 73.9 76.9 75.3 80.7 62.6 74.7 Private creditors Interest (%) 6.5 7.4 5.0 0.0 2.8 0.0 0.0 0.0 0.0 0.0 Maturity (years) 10.5 9.7 5.1 0.0 25.4 0.0 0.0 0.0 0.0 0.0 Grace period (years) 2.8 3.3 1.1 0.0 5.9 0.0 0.0 0.0 0.0 0.0 Grant element (%) 14.8 11.3 12.4 0.0 53.1 0.0 0.0 0.0 0.0 0.0 Memorandum items Commnitments 22 468 211 92 150 78 80 78 338 178 Official creditors 19 215 210 92 148 78 80 78 338 178 Private creditors 4 252 1 0 2 0 0 0 0 0 10. CONTRACTUAL OBLIGATIONS ON OUTSTANDING LONG-TERMI DEBT 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 TOTAL Disbursements 142 155 108 76 48 26 16 3 1 0 Principal 87 123 123 118 107 97 89 94 99 107 Interest 83 92 88 85 81 78 76 73 71 68 Official creditors Disbursements 142 155 108 76 48 26 16 3 1 0 Principal 81 117 117 115 107 97 89 94 99 107 Interest 82 91 88 85 81 78 76 73 7 1 68 Bilateral creditors Disbursements 10 8 5 3 2 2 1 1 1 0 Principal 35 70 68 67 57 47 41 43 43 44 Interest 63 73 70 67 64 62 60 58 56 54 Multilateral creditors Disbursements 131 147 103 73 46 25 15 3 1 0 Principal 46 48 49 49 50 50 48 5 1 56 63 Interest 18 1 8 18 17 17 16 16 15 15 14 Private creditors Disbursements 0 0 0 0 0 0 0 0 0 0 Principal 6 6 6 3 0 0 0 0 0 0 Interest 2 1 1 0 0 0 0 0 0 0 Commercial banks Disbursements 0 0 0 0 0 0 0 0 0 0 Principal 6 6 6 3 0 0 0 0 0 0 Interest I 1 1 0 0 0 0 0 0 0 Other private Disbursements 0 0 0 0 0 0 0 0 0 0 Principal 0 0 0 0 0 0 0 0 0 0 Interest 0 0 0 0 0 0 0 0 0 0 358 MALAWI (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 I. SUMMlARY DEBT DATA TOTAL DEBT STOCKS (EDT) 830 1,558 1,709 1,826 2,025 2,243 2,315 2,229 2,444 Long-term debt (LDOD) 135 634 1,385 1,568 1,730 1,900 2,083 2,096 2,099 2,310 Public and publicly guaranteed 135 634 1,382 1,568 1,730 1,900 2,083 2,096 2,099 2,310 Private nonguaranteed 0 0 3 0 0 0 0 0 0 0 Use ofIMF credit 0 80 115 92 86 112 116 119 106 102 Short-term debt 116 58 49 11 12 44 100 24 32 of whch interest ar-rears on LDOD 3 6 2 2 2 1 5 4 14 Official creditors 2 4 2 2 2 1 4 2 12 Private creditors 1 2 0 0 1 1 1 1 2 Memo: principal arrears on LDOD 1 19 3 7 14 7 1 5 17 38 Officilaicreditors 1 12 3 5 9 3 8 9 27 Private creditors 0 7 1 1 4 4 7 8 11 Memo: export credits 0 94 97 88 96 101 86 53 54 TOTAL DEBT FLOWS Disbursements 54 190 161 158 194 147 227 184 178 173 Long-term debt 53 153 136 158 194 121 215 161 168 156 EMF purchases 1 37 25 0 0 26 12 22 11 17 Principal repayments 3 35 86 72 49 53 76 56 55 60 Long-termn debt 3 33 67 52 44 47 66 41 38 34 IMF1repurchases 0 1 19 19 6 6 10 1 5 17 25 Net flow~son debt 51 154 88 106 107 95 183 181 48 112 of which short-term debt -1 1 3 19 -38 1 32 53 -75 -2 Interest payments (INT) 53 47 37 29 27 43 33 30 24 Long-termn debt 4 35 36 31 27 26 39 28 26 22 IMF Echarges 0 2 6 2 1 1 1 1 1 1 Short-term debt .. 16 4 4 1 1 3 4 3 1 Net transfers on debt 101 41 69 78 69 141 148 18 87 Total debt service paid (TDS) 87 133 108 78 80 118 89 85 84 Long-term debt 6 68 103 83 71 73 104 69 64 56 IMErepurchases and charges 0 3 25 21 7 6 11 16 18 26 Short-term debt (interest only) .. 16 4 4 1 1 3 4 3 1 2.AGGREGATE NET RESOUiRCE FL OWAS AND NET TRANSFERS (LONG-TERIM NET RESOURCE FLOWS 65 178 296 441 353 305 410 321 249 359 Net flow of long-term debt (ex.IMvF) 50 120 69 106 151 74 149 121 129 121 Foreign direct investment (net) 9 10 0 0 0 1 1 1 2 1 Portfolio equity flows 0 0 0 0 0 0 0 0 0 24 Grants (excluding techniical coop.) 7 49 227 335 203 231 260 200 117 213 Memo: technical coop. grants 9 36 113 102 106 64 87 85 92 79 official net resource flows 55 148 294 443 365 308 432 324 248 335 private net resource flows 10 30 2 -2 -12 -2 -22 -3 1 24 NET TRANSFERS 54 134 260 410 326 280 371 294 223 337 Interest on long-term debt 4 35 36 31 27 26 39 28 26 22 Profit remittances onFDI 8 9 0 0 0 0 0 0 0 0 Memo: official net transfers 53 139 264 416 340 284 397 299 223 314 private net transfers 1 -4 -4 -6 -14 -5 -25 .5 -1 24 3. NIAJOR ECONOMIC AGGREGATE.S Gross national product (GNP) 283 1,138 1,760 1,921 2,218 1,270 1,584 2,300 2,535 1,778 Exports of goods &services (XGS) .. 315 452 435 350 387 464 571 682 568 of which workers remittances ..0 0 0 0 0 . Imports of goods &services (MGS) .. 638 638 837 671 961 889 1,148 1,376 1,180 Intemational reserves (RES) 29 76 142 44 62 48 115 230 166 273 Current account balance .. -260 -86 -285 -166 -450 . 4. DEBT IND)ICATORS EDT /XGS (% . 263.7 344.4 393.1 522.4 523.7 483.8 405.8 326.9 430.1 EDT /GNP(% . 72.9 88.6 89.0 82.3 159.5 141.6 100.7 87.9 137.5 TDS / XGS (% . 27.8 29.3 24.9 22.4 20.6 25.5 15.6 12.5 14.8 INT /XGS (%) .. 16.8 10.3 8.4 8.2 6.9 9.2 5.8 4.4 4.3 INT /GNP (%) .. 4.7 2.7 1.9 1.3 2.1 2.7 1.4 1.2 1.4 RES /EDT(% . 9.2 9.1 2.6 3.4 2.4 5.1 10.0 7.5 11.2 RES /MGS (months) . 1.4 2.7 0.6 1.1 0.6 1.6 2.4 1.5 2.8 Short-term /EDT (%) .. 14.0 3.8 2.9 0.6 0.6 1.9 4.3 1.1 1.3 Concessional / EDT (%) .. 31.1 67.5 76.7 82.2 83.0 84.6 84.0 88.5 89.4 Multilateral /EDT (%) .. 26.4 69.8 75.5 79.6 79.1 76.4 76.6 80.8 81.4 359 MALAWI (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 5. LONG-TERMI DEBT DEBT OUTSTANDING (LDOD) 135 634 1,385 1,568 1,730 1,900 2,083 2,096 2,099 2,310 Public and publicly guaranteed 135 634 1,382 1,568 1,730 1,900 2,083 2,096 2,099 2,310 Official creditors 116 442 1,305 1,504 1,679 1,851 2,055 2,072 2,079 2,290 Multilateral 17 219 1,088 1,290 1,453 1,601 1,712 1,773 1,800 1,990 Concessional 17 147 902 1,129 1,305 1,460 1,577 1,665 1,709 1,900 Bilateral 99 223 217 214 226 250 343 299 279 300 Concessional 62 ill 149 181 197 221 321 281 264 284 Private creditors 20 192 78 64 50 49 28 24 21 20 Bonds 16 2 0 0 0 0 0 0 0 0 Commnercial banks 1 153 35 27 19 11 0 0 0 0 Other private 3 38 42 37 32 39 28 24 21 20 Private nonguaranteed 0 0 3 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 3 0 0 0 0 0 0 0 Memo: IBRD 0 26 91 74 67 65 55 42 34 25 IDA 17 131 764 919 1,062 1,160 1,251 1,346 1,375 1,542 DISBURSEMENTS 53 153 136 158 194 121 215 161 168 156 Public and publicly guaranteed 53 153 136 158 194 121 215 161 168 156 Officialicreditors 50 105 129 144 193 ill 215 161 166 156 Multilateral 10 49 118 136 187 104 97 161 146 156 Concessional 10 28 109 129 181 101 93 161 142 147 Bilateral 40 56 10 8 6 6 118 0 20 0 Concessional 19 18 10 8 6 6 118 0 20 0 Private creditors 3 48 7 14 1 10 0 0 1 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 39 0 0 0 0 0 0 0 0 Other private 3 9 7 14 1 10 0 0 1 0 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commnercial banks 0 0 0 0 0 0 0 0 0 0 Memo: IBRD 0 8 2 0 0 0 0 0 0 0 IDA 10 15 99 86 146 59 73 141 107 130 PRINCIPAL REPAYMENTS 3 33 67 52 44 47 66 41 38 34 Public and publicly guaranteed 3 33 65 50 44 47 66 41 38 34 Official creditors 2 5 61 36 30 33 43 37 35 33 Multilateral 0 2 20 22 22 29 29 26 25 30 Concessional 0 1 3 4 6 7 9 11 11 16 Bilateral 2 4 41 15 8 5 14 11 11 4 Concessional 1 1 4 6 4 3 7 8 9 4 Private creditors 1 28 4 14 13 14 23 4 3 Bonds 1 1 0 0 0 0 0 0 0 0 Commrercial banks 0 21 0 9 8 8 1 1 0 0 0 Other private 0 6 4 5 5 6 12 4 3 1 Private nonguaranteed 0 0 1 3 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 1 3 0 0 0 0 0 0 Memo: IBRD 0 0 8 9 9 7 12 9 6 10 IDA 0 1 3 4 4 6 7 9 9 11 NET FLOWS ON DEBT 50 120 69 106 151 74 149 121 129 121 Public and publicly guaranteed 50 120 70 109 151 74 149 121 129 121 Official creditors 48 100 68 108 163 77 172 125 131 122 Multilateral 10 48 98 115 165 76 69 135 122 126 Concessional 10 27 106 125 175 93 84 150 130 132 Bilateral 39 52 -31 -7 -2 1 104 -11 9 -4 Concessional 19 17 6 2 2 3 ill -8 11 -4 Private creditors 2 20 3 1 -12 -3 -23 -4 -2 -1 Bonds -1 -1 0 0 0 0 0 0 0 0 Commercial banks 0 18 0 -9 -8 -8 -11 0 0 0 Other private 3 4 3 9 -45 -12 -4 -2 -1 Private nonguaranteed 0 0 -1 -3 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Comimercial banks 0 0 -1 -3 0 0 0 0 0 0 Memo: IBRD 0 8 -6 -9 -9 -7 -12 -9 -6 -10 IDA 10 14 96 82 142 53 66 133 98 120 360 MALAWI (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 INTEREST PAYMENTS (LINT) 4 35 36 31 27 26 39 28 26 22 Public and publicly guaranteed 4 35 36 31 27 26 39 28 26 22 Official creditors 2 10 31 27 25 23 35 25 25 22 Multilateral 0 3 19 20 20 19 25 19 17 19 Concessional 0 1 6 8 9 1 1 12 12 12 14 Bilateral 2 7 12 7 6 4 10 6 8 3 Concessional 1 3 3 3 4 3 7 5 6 3 Private creditors 1 25 6 4 2 2 4 2 1 0 Bonds 1 0 0 0 0 0 0 0 0 0 Commercial banks 0 22 3 2 1 0 1 0 0 0 Other private 0 2 2 2 2 2 3 2 1 0 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Comimercial banks 0 0 0 0 0 0 0 0 0 0 Memo: IBRD 0 1 8 7 6 4 7 4 2 3 IDA 0 1 5 6 8 8 9 10 10 10 NET TRANSFERS ON DEBT 47 85 33 75 123 48 ill 93 103 99 Public and publicly guaranteed 47 85 34 78 123 48 ill 93 103 99 Official creditors 46 90 37 81 138 54 137 99 106 100 Multilateral 10 45 79 95 145 57 44 116 104 107 Concessional 10 26 100 117 166 83 72 138 118 118 Bilateral 37 45 -42 -13 -8 -3 94 -17 2 -7 Concessional 18 14 3 -2 -1 1 104 -12 5 -6 Private creditors 0 -5 -3 -3 -14 -6 -26 -6 -3 -1 Bonds -2 -1 0 0 0 0 0 0 0 0 Commercial banks 0 -5 -3 -11 -9 -9 -11 0 0 0 Other private 2 1 1 7 -6 3 -15 -6 -3 -1 Private nonguaranteed 0 0 -2 -3 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Conmiercial bank(s 0 0 -2 -3 0 0 0 0 0 0 Memo: IBRD 0 6 -13 -16 -15 -11 -18 -13 -8 -13 IDA 10 13 91 76 134 45 57 123 89 109 DEBT SERVICE (LTDS) 6 68 103 83 71 73 104 69 64 56 Public and publicly guaranteed 6 68 102 81 71 73 104 69 64 56 Official creditors 4 15 92 63 55 57 78 62 60 55 Multilateral 0 5 39 42 42 48 54 46 42 49 Concessional 0 2 9 12 15 18 21 23 23 29 Bilateral 4 11 53 21 14 9 24 17 18 7 Concessional 1 4 7 9 8 6 14 12 16 6 Private creditors 3 53 10 18 16 16 26 6 4 1 Bonds 2 1 0 0 0 0 0 0 0 0 Commrercial banks 0 44 3 11 9 9 11 0 0 0 Other private 1 8 7 7 7 7 1 5 6 4 1 Private nonguaranteed 0 0 2 3 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Comimercial banks 0 0 2 3 0 0 0 0 0 0 Memo: IBRD 0 1 16 16 15 11 18 13 8 13 IDA 0 2 8 10 12 14 16 18 18 21 UNDISBURSED DEBT 39 162 579 678 631 701 579 601 479 558 Official creditors 39 152 567 670 621 701 579 598 473 552 Private creditors 0 10 12 8 11 0 0 3 6 6 Memorandum items Concessional LDOD 78 258 1,051 1,311 1,502 1,681 1,897 1,946 1,973 2,184 Variable rate LDOD 0 145 51 38 29 20 9 8 7 6 Public sector LDOD 135 585 1,372 1,561 1,724 1,896 2,080 2,092 2,096 2,307 Private sector LDOD 0 49 13 7 5 4 4 3 3 3 6. CURRENCI'CONUP0SITION OF LONG-TERM DEBTr (PERCENT.) Deutsche mark 4.1 2.5 0.7 0.3 0.2 0.1 0.3 0.3 0.2 0.2 French franc 0.0 1.2 2.0 2.2 1.7 1.5 1.2 1.0 0.8 0.8 Japanese yen 0.0 4.1 9.3 9.7 9.7 9.8 12.3 10.6 9.1 9.2 Pound sterling 56.2 17.4 16.7 12.2 10.8 10.0 9.0 8.5 8.0 7.4 Swiss franc 0.0 0.0 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 U.S.dollars 12.9 46.5 46.9 49.2 47.8 48.0 47.4 51.8 54.5 56.4 Multiple cur-rency 0.0 12.4 21.9 22.1 21.2 22.0 20.4 18.6 18.5 17.6 Special drawing rights 0.0 0.0 0.0 2.0 6.7 6.8 6.6 6.7 6.4 6.1 All other currencies 26.8 15.9 2.4 2.2 1.8 1.7 2.7 2.4 2.4 2.2 36] MALAWI (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 7. DEBT RESTRL'CTU RINGS Total amount rescheduled 0 0 0 0 0 0 0 0 Debt stock rescheduled 0 0 0 0 0 0 0 0 Principal rescheduled 0 0 0 C) 0 0 0 0 Official ..0 0 0 0 0 0 0 0 Private ...0 0 0 0 0 0 0 0 Interest rescheduled 0 0 0 0 0 0 0 0 Official 0 0 0 0 0 0 0 0 Private 0 0 0 0 0 0 0 0 Debt forgiven 5 1 0 0 0 0 0 0 0 Memo: interest forgiven 0 0 0 0 0 0 0 0 Debt stock reduction 0 0 0 0 0 0 0 0 of which debt buyback 0 0 0 0 0 0 0 0 8. DEBT STOCK-FLO%$ RECONCILIATION Total change in debt stocks 148 44 117 199 218 73 -87 216 Net flows on debt 5 1 154 88 106 107 95 183 181 48 112 Net change in interest arrears ... -2 0 0 1 -1 4 -1 1 0 Interest capitalized 0 0 0 0 0 0 0 0 Debt forgiveness or reduction -51 0 0 0 0 0 0 0 Cross-currency valuation ... 65 -47 10 49 -l -25 -45 37 Residual ... 49 -15 1 54 36 -87 -88 57 9. A% ERAGE TERMNS OF NEW COMMINTMENTS ALL CREDITORS Interest (%) 3.8 6.0 1.3 0.8 1.6 1.8 1.0 1.2 1.0 0.8 Maturity (years) 29.4 23.6 37.5 40.4 38.3 27.7 38.6 37.6 46.9 39.7 Grace period (years) 6.0 5.9 9.2 10.1 9.2 6.7 9.6 9.8 10.3 10.2 Grant element (%) 47.1 32.4 73.9 80.6 71.5 60.2 78.2 75.9 79.8 80.5 Official creditors Interest (%) 3.1 4.0 1.1 0.8 1.3 1.8 1.0 1.1 0.7 0.8 Maturity (years) 35.3 28.6 38.1 40.4 39.9 27.7 38.6 38.0 49.3 39.7 Grace period (years) 7.6 6.9 9.4 10.1 9.6 6.7 9.6 9.9 10.9 10.2 Grant element (%) 56.9 44.9 75.5 80.6 74.7 60.2 78.2 76.8 83.9 80.5 Private creditors Interest (%) 6.5 13.2 8.6 0.0 7.7 0.0 0.0 9.2 5.5 0.0 Maturity (years) 8.4 5.7 11.9 0.0 4.6 0.0 0.0 4.7 10.5 0.0 Grace period (years) 0.3 2.6 3.5 0.0 0.7 0.0 0.0 1.2 1.0 0.0 Grant element (%) 12.0 -12.3 6.3 0.0 4.7 0.0 0.0 1.5 17.5 0.0 Memorandum items Conuiitnments 14 130 262 220 184 153 102 207 82 214 Official creditors I11 102 256 220 175 153 102 205 77 214 Private creditors 3 28 6 0 8 0 0 3 5 0 10. CONTRACTUAL OBLIGATIONS ON OUTSTANDING LONG-TERMN DEBT 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 TOTAL Disbursements 165 155 103 58 37 22 13 1 0 0 Principal 56 61 64 65 70 73 74 78 79 73 Interest 28 27 26 25 24 23 21 20 19 18 Official creditors Disbursements 163 153 102 58 37 22 13 1 0 0 Principal 53 59 62 64 69 72 73 77 78 73 Interest 27 27 26 25 24 22 21 20 19 18 Bilateral creditors Disbursements 0 0 0 0 0 0 0 0 0 0 Principal 18 20 22 22 22 22 22 21 19 1 1 Interest 7 6 6 5 5 4 3 3 2 2 Multilateral creditors Disbursements 163 153 102 58 37 22 13 1 0 0 Principal 35 39 40 42 47 50 5 1 56 59 62 Interest 20 20 20 20 19 18 18 17 17 16 Private creditors Disbursements 3 2 1 0 0 0 0 0 0 0 Principal 3 2 2 1 1 1 1 1 1 0 Interest 1 1 0 0 0 0 0 0 0 0 Commrercial banks Disbursements 0 0 0 0 0 0 0 0 0 0 Principal 0 0 0 0 0 0 0 0 0 0 Interest 0 0 0 0 0 0 0 0 0 0 Other private Disbursements 3 2 1 0 0 0 0 0 0 0 Principal 3 2 2 1 1 1 1 1 1 0 Interest I 1 0 0 0 0 0 0 0 0 362 MALAYSIA (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 I. SUMMARY DEBT DA rA TOTAL DEBT STOCKS (EDT) 6,611 15,328 20,018 26,149 30,336 34,343 39,673 47,228 44,773 Long-term debt (LDOD) 440 5,256 13,422 16,379 19,197 24,147 27,069 28,605 32,289 36,117 Public and publicly guaranteed 390 4,008 11,592 12,371 13,460 14,693 16,023 15,702 16,808 18,158 Private nonguaranteed 50 1,248 1,830 4,008 5,737 9,454 11,046 12,903 15,482 17,959 Use ofIMF credit 0 0 0 0 0 0 0 0 0 0 Short-term debt 1,355 1,906 3,639 6,951 6,189 7,274 11,068 14,939 8,656 of which interest arrears on LDOD 0 0 0 0 0 0 0 0 0 Official creditors 0 0 0 0 0 0 0 0 0 Private creditors 0 0 0 0 0 0 0 0 0 Memo: principal arrears on LDOD 0 0 0 0 0 0 0 0 0 Official creditors 0 0 0 0 0 0 0 0 0 Private creditors 0 0 0 0 0 0 0 0 0 Memo: export credits 0 1,395 2,541 2,316 3,445 4,373 3,350 3,292 2,778 TOTAL DEBT FLOWS Disbursements 58 1,456 1,683 3,577 5,583 7,672 8,503 8,936 8,803 6,724 Long-term debt 58 1,456 1,683 3,577 5,583 7,672 8,503 8,936 8,803 6,724 IMF purchases 0 0 0 0 0 0 0 0 0 0 Principal repayments 57 345 3,167 3,102 3,425 4,690 4,450 6,343 4,276 3,802 Long-termn debt 57 345 3,167 3,102 3,425 4,690 4,450 6,343 4,276 3,802 EMF repurchases 0 0 0 0 0 0 0 0 0 0 Net flows on debt 63 1,592 -1,851 2,041 5,470 2,220 5,138 6,387 8,397 -3,361 of which short-term debt 481 -367 1,565 3,312 -762 1,085 3,794 3,871 -6,283 Interest payments (INT) -. 589 1,166 1,108 1,355 1,432 1,591 2,084 2,833 2,469 Long-termn debt 25 338 997 932 887 1,007 1,151 1,432 1,588 1,813 IMF charges 0 0 0 0 0 0 0 0 0 0 Short-term debt 251 169 176 467 424 441 652 1,245 656 Net transfers on debt .. 1,003 -3,017 933 4,115 788 3,547 4,303 5,565 -5,830 Total debt service paid (TDS) -- 934 4,333 4,209 4,780 6,121 6,041 8,427 7,109 6,271 Long-term debt 82 683 4,164 4,034 4,312 5,697 5,600 7,776 5,864 5,615 IMF repurchases and charges 0 0 0 0 0 0 0 0 0 0 Short-term debt (interest only) 251 169 176 467 424 441 652 1,245 656 2. AGGREGATE NET RESOURCE FLOWS AND NET rR.ANSFERS t LONG-TERNI NET RESOURCE FLOWS 99 2,052 1,183 6,093 10,923 8,680 10,495 12,031 9,152 8,529 Net flow of long-term debt (ex.IMF)I 1,111 -1,484 476 2,158 2,982 4,053 2,593 4,527 2,922 Foreign direct investment (net) 94 934 2,333 5,183 5,006 4,342 4,132 5,078 5,106 5,000 Portfolio equity flows 0 0 293 385 3,700 1,320 2,299 4,353 -489 592 Grants (excluding technical coop.) 4 6 42 49 59 36 11 7 8 15 Memo: technical coop. grants 1 3 54 125 121 122 113 121 100 86 80 official net resource flows 27 139 414 23 -338 223 393 -774 -161 235 private net resource flows 71 1,913 769 6,070 11,261 8,458 10,102 12,805 9,312 8,295 NET TRANSFERS -93 524 -1,740 2,448 7,051 4,423 5,344 6,599 3,364 2,216 Interest on long-term debt 25 338 997 932 887 1,007 1,151 1,432 1,588 1,813 Profit rerrittances on FDI 166 1,190 1,926 2,713 2,985 3,250 4,000 4,000 4,200 4,500 Memo: official net transfers 14 53 182 -237 -606 -30 109 -1,017 -362 28 private net transfers -107 471 -1,921 2,685 7,657 4,453 5,235 7,616 3,726 2,189 3. MAL4JOR ECONOMIC AGGREGATES Gross national product (GNP) 4,089 23,607 40,902 55,166 60,969 68,918 83,101 94,563 94,833 68,581 Exports of goods & services (XGS) .. 14,836 34,514 46,421 54,656 68,526 85,992 94,065 95,387 71,900 of which workers remrittances ..0 0 0 0 0 0 0 0 Imports of goods & services (MGS) .. 15,100 35,486 48,760 57,935 73,275 93,618 97,734 99,085 60,200 International reserves (RES) 667 5,755 10,659 18,024 28,183 26,339 24,699 27,892 21,470 26,236 Cur-rent account balance .. -266 -870 -2,167 -2,991 -4,520 -8,469 -4,596 -4,792 4. DEBT INDICATORS EDT /XGS (% . 44.6 44.4 43.1 47.8 44.3 39.9 42.2 49.5 62.3 EDT /GNP(% . 28.0 37.5 36.3 42.9 44.0 41.3 42.0 49.8 65.3 TDS /XGS(% . 6.3 12.6 9.1 8.7 8.9 7.0 9.0 7.5 8.7 INT /XGS(% . 4.0 3.4 2.4 2.5 2.1 1.9 2.2 3.0 3.4 IINT /GNP(% . 2.5 2.9 2.0 2.2 2.1 1.9 2.2 3.0 3.6 RES /EDT(% . 87.1 69.5 90.0 107.8 86.8 71.9 70.3 45.5 58.6 RES / MGS (months) .. 4.6 3.6 4.4 5.8 4.3 3.2 3.4 2.6 5.2 Short-term/ EDT (%) .. 20.5 12.4 18.2 26.6 20.4 21.2 27.9 31.6 19.3 Concessional /EDT(% . 8.6 14.6 13.0 10.8 11.0 10.6 6.4 4.3 5.2 Multilateral /EDT (%) .. 11.3 11.8 9.3 6.2 5.7 4.8 3.5 2.6 3.3 363 MALAYSIA (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 5. LONG-TERNI DEBT DEBT OUTSTANDING (LDOD) 440 5,256 13,422 16,379 19,197 24,147 27,069 28,605 32,289 36,117 Public and publicly guaranteed 390 4,008 11,592 12,371 13,460 14,693 16,023 15,702 16,808 18,158 Official creditors 265 1,444 4,191 4,520 4,481 5,687 5,490 4,205 3,983 4,505 Multilateral 141 745 1,812 1,861 1,626 1,721 1,644 1,404 1,228 1,484 Concessional 0 3 9 7 5 3 1 0 0 0 Bilateral 124 699 2,378 2,659 2,854 3,966 3,846 2,802 2,755 3,021 Concessional 94 565 2,225 2,597 2,807 3,322 3,651 2,548 2,033 2,333 Private creditors 125 2,564 7,401 7,850 8,980 9,006 10,533 11,497 12,824 13,654 Bonds Ill 278 4,090 3,825 3,920 4,080 6,062 7,789 8,265 8,338 Commercial banks 0 1,397 2,285 2,057 2,892 3,384 4,171 3,121 3,119 3,346 Other private 14 889 1,026 1,969 2,168 1,542 300 587 1,440 1,970 Private nonguaranteed 50 1,248 1,830 4,008 5,737 9,454 11,046 12,903 15,482 17,959 Bonds 0 0 0 0 0 1,285 1,765 1,937 3,752 3,785 Commercial banks 50 1,248 1,830 4,008 5,737 8,169 9,281 10,966 11,730 14,174 Memo: IIBRD 141 504 1,103 1,072 1,083 1,118 1,059 907 758 970 IDA 0 0 0 0 0 0 0 0 0 0 DISBURSEMENTS 58 1,456 1,683 3,577 5,583 7,672 8,503 8,936 8,803 6,724 Public and publicly guaranteed 45 1,015 798 1,427 3,071 3,646 4,150 3,528 3,566 1,624 Officialicreditors 39 211 737 440 336 881 837 297 662 600 Multilateral 22 119 273 224 217 198 135 128 138 386 Concessional 0 0 2 1 1 0 0 0 0 0 Bilateral 18 93 464 216 119 684 702 168 524 214 Concessional 16 78 460 202 119 615 604 94 272 214 Private creditors 6 804 61 987 2,735 2,765 3,313 3,231 2,904 1,024 Bonds 0 0 0 0 951 1,060 2,100 2,252 746 0 Comimercial banks 0 510 57 0 912 1,578 1,205 703 900 456 Other private 6 294 4 987 872 127 8 276 1,259 568 Private nonguaranteed 12 441 885 2,150 2,512 4,026 4,353 5,408 5,237 5,100 Bonds 0 0 0 0 0 1,285 480 172 1,844 0 Comimercial banks 12 441 885 2,150 2,512 2,741 3,873 5,236 3,393 5,100 Memo: IBRD 21 80 205 148 159 144 88 85 51 325 IDA 0 0 0 0 0 0 0 0 0 0 PRINCIPAL REPAYMENTS 57 345 3,167 3,102 3,425 4,690 4,450 6,343 4,276 3,802 Public and publicly guaranteed 47 127 2,697 2,522 2,627 3,360 1,701 3,264 1,867 1,131 Official creditors 16 79 365 467 733 695 455 1,078 830 381 Multilateral 5 34 216 257 536 241 261 230 191 182 Concessional 0 0 2 2 2 2 2 1 0 0 Bilateral 11 45 149 210 197 454 195 848 640 199 Concessional 4 17 123 136 181 435 188 840 535 164 Private creditors 32 48 2,332 2,055 1,894 2,665 1,246 2,186 1,037 750 Bonds 30 11 1,239 369 907 1,100 140 362 86 299 Commercial banks 0 17 664 134 184 1,235 420 1,616 779 339 Other private 2 20 428 1,551 802 330 686 208 172 112 Private nonguaranteed 9 218 470 580 798 1,330 2,749 3,079 2,409 2,671 Bonds 0 0 0 0 0 0 0 0 0 15 Commercial banks 9 218 470 580 798 1,330 2,749 3,079 2,409 2,656 Memo: IBRD 5 26 164 191 172 185 194 161 126 117 IDA 0 0 0 0 0 0 0 0 0 0 NET FLOWS ON DEBT 1 1,111 -1,484 476 2,158 2,982 4,053 2,593 4,527 2,922 Public and publicly guaranteed -2 889 -1,899 -1,095 444 286 2,450 264 1,699 493 Official creditors 23 133 372 -26 -397 186 382 -781 -168 219 Multilateral 17 85 57 -33 -320 -44 -126 -102 -53 204 Concessional 0 0 0 -1 -1 -2 -2 -1 0 0 Bilateral 7 48 315 6 -78 230 507 -679 -115 15 Concessional 12 61 337 66 -62 180 416 -746 -263 50 Private creditors -25 756 -2,271 -1,068 841 99 2,068 1,045 1,868 274 Bonds -30 -11 -1,239 -369 44 -40 1,960 1,890 659 -299 Commnercial banks 0 493 -608 -134 727 342 785 -913 121 118 Other private 5 274 -424 -564 69 -204 -678 68 1,087 456 Private nonguaranteed 3 223 415 1,570 1,714 2,697 1,604 2,329 2,828 2,429 Bonds 0 0 0 0 0 1,285 480 172 1,844 -15 Comrmercial banks 3 223 415 1,570 1,714 1,412 1,124 2,157 984 2,444 Memo: IBRD 16 54 41 43 -13 -41 -106 -76 -75 208 IDA 0 0 0 0 0 0 0 0 0 0 364 MALAYSIA (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 INTEREST PAYMENTS (LINT) 25 338 997 932 887 1,007 1,151 1,432 1,588 1,813 Public and publicly guaranteed 22 250 956 880 759 763 805 856 903 999 Official creditors 13 86 232 260 268 253 284 243 202 207 Multilateral 8 60 145 154 151 127 129 108 90 82 Concessional 0 0 1 0 0 0 0 0 0 0 Bilateral 5 26 87 105 117 126 155 135 112 125 Concessional 3 19 75 96 113 123 146 133 81 70 Piivate creditors 9 163 724 621 492 511 522 612 702 793 Bonds 8 18 414 230 227 234 251 318 509 536 Commercial banks 0 108 199 154 148 174 190 229 142 161 Other private 1 37 ill 237 117 102 80 65 50 96 Private nonguaranteed 3 88 41 52 128 244 345 577 685 814 Bonds 0 0 0 0 0 1 28 48 60 161 Commercial banks 3 88 41 52 128 243 318 529 625 652 Memo: IBRD 8 39 86 87 83 83 83 70 57 50 IDA 0 0 0 0 0 0 0 0 0 0 NET TRANSFERS ON DEBT -25 774 -2,481 -456 1,271 1,975 2,903 1,161 2,939 1,109 Public and publicly guaranteed -24 639 -2,855 -1,975 -315 -477 1,644 -592 796 -506 Official creditors 10 46 140 -286 -665 -66 98 -1,025 -370 12 Multilateral 9 25 -88 -187 -471 -170 -254 -210 -144 122 Concessional 0 0 0 -1 -2 -2 -2 -1 0 0 Bilateral 1 22 228 -99 -194 104 352 -814 -227 -110 Concessional 9 42 262 -31 -175 57 270 -879 -345 -19 Private creditors -34 593 -2,995 -1,689 349 -411 1,546 433 1,166 -519 Bonds -38 -29 -1,654 -599 -182 -274 1,709 1,572 150 -835 Commnercial banks 0 384 -806 -288 580 168 595 -1,142 -21 -43 Other private 4 237 -535 -802 -48 -305 -758 3 1,037 360 Private nonguaranteed 0 135 374 1,518 1,586 2,452 1,258 1,752 2,143 1,616 Bonds 0 0 0 0 0 1,284 452 124 1,784 -176 Commercial banks 0 135 374 1,518 1,586 1,169 806 1,628 359 1,792 Memo: IBRD 9 15 -46 -130 -96 -124 -189 -146 -132 159 IDA 0 0 0 0 0 0 0 0 0 0 DEBT SERVICE (LTDS) 82 683 4,164 4,034 4,312 5,697 5,600 7,776 5,864 5,615 Public and publicly guaranteed 70 376 3,653 3,402 3,386 4,123 2,506 4,120 2,770 2,130 Official creditors 29 165 597 726 1,001 948 739 1,321 1,032 587 Multilateral 13 94 361 411 688 368 389 339 281 264 Concessional 0 0 2 2 2 2 2 1 0 0 Bilateral 16 71 237 315 313 580 350 983 751 324 Concessional 7 37 198 233 294 559 334 973 616 234 Private creditors 40 211 3,056 2,676 2,385 3,176 1,767 2,798 1,738 1,543 Bonds 38 29 1,654 599 1,133 1,334 391 680 595 835 Commnercial banks 0 126 863 288 332 1,410 610 1,845 921 500 Other private 2 57 539 1,789 920 432 766 273 222 208 Private nonguaranteed 13 307 511 632 926 1,574 3,094 3,656 3,094 3,485 Bonds 0 0 0 0 0 1 28 48 60 176 Commercial banks 13 307 511 632 926 1,572 3,066 3,608 3,034 3,308 Memo: IBRD 13 65 251 278 255 268 277 231 183 167 IDA 0 0 0 0 0 0 0 0 0 0 UNDISBURSED DEBT 201 1,761 2,068 1,967 4,174 3,647 3,147 2,243 1,193 913 Official creditors 181 1,404 1.795 1,580 2,347 2,235 2,069 1,621 831 559 Private creditors 20 357 274 387 1,827 1,413 1,078 622 362 353 Memorandum items Concessional LDOD 94 567 2,234 2,603 2,813 3,326 3,652 2,548 2,033 2,333 Variable rate LDOD 50 2,665 6,559 8,454 9,934 13,722 15,779 16,593 19,457 22,456 Public sector LDOD 390 4,008 11,592 12,371 13,460 14,693 16,023 15,702 16,808 18,158 Private sector LDOD 50 1,248 1,830 4,008 5,737 9,454 11,046 12,903 15,482 17,959 6. CURRENCI',COMPOSITION OF LONG-TERNI DEBT (PE RCENTI Deutsche mark 6.9 3.3 5.9 4.0 3.0 2.2 1.1 0.8 0.5 0.4 French franc 0.0 13.0 2.8 1.0 0.8 0.7 0.6 0.5 0.4 0.4 Japanese yen 2.2 19.0 36.5 35.4 37.5 37.5 34.6 28.2 26.5 29.6 Pound sterling 37.8 3.6 1.6 3.0 3.4 2.4 1.0 1.2 1.1 1.0 Swiss franc 0.0 2.3 3.6 2.6 2.4 3.0 3.1 1.7 0.5 0.1 U.S.dollars 14.0 36.7 31.8 27.7 29.4 35.1 48.5 55.6 55.8 58.7 Multiple cuffency 36.3 21.0 15.0 24.9 23.0 18.7 10.7 11.5 15.0 9.7 Special drawing rights 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 All other currencies 2.8 1.1 2.8 1.4 0.5 0.4 0.4 0.5 0.2 0.1 365 MALAYSIA (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 7. DEBT RESTRUCTUTRINGS Total amount rescheduled ..0 0 0 0 0 0 0 0 Debt stock rescheduled 0 0 0 0 0 0 0 0 Principal rescheduled 0 0 0 0 0 0 0 0 Official 0 0 0 0 0 0 0 0 Private 0 0 0 0 0 0 0 0 Interest rescheduled 0 0 0 0 0 0 0 0 Official 0 0 0 0 0 0 0 0 Private 0 0 0 0 0 0 0 0 Debt forgiven 0 0 0 0 0 0 0 0 Memo: interest forgiven 0 0 0 0 0 0 0 0 Debt stock reduction 0 0 0 0 0 0 0 0 of which debt buyback 0 0 0 0 0 0 0 0 8. DEBT STOCK-FLO~N RECONCILIAllON Total change in debt stocks -950 2,938 6,131 4,187 4,007 5,331 7,555 -2,455 Net flows on debt 63 1,592 -1,851 2,041 5,470 2,220 5,138 6,387 8,397 -3,361 Net change in interest arrears 0 0 0 0 0 0 0 0 Interest capitalized 0 0 0 0 0 0 0 0 Debt forgiveness or reduction 0 0 0 0 0 0 0 0 Cross-currency valuation ..606 -202 518 822 -83 -645 -592 682 Residual ... 295 1,099 143 1,146 -1,049 -411 -251 224 9. AVERAGE TERMIS OF NEW CONINTIKIENTS ALL CREDITORS Interest (%) 6.1 11.2 4.8 5.9 5.2 6.6 5.8 6.5 5.9 4.1 Maturity (years) 18.7 13.8 20.9 20.9 11.6 13.8 18.3 18.1 12.8 14.2 Grace period (years) 4.8 5.4 6.0 4.0 5.3 4.5 12.5 13.1 4.7 3.6 Grant element (%) 22.8 -6.6 37.3 27.2 24.2 17.1 27.6 19.0 21.2 32.8 Official creditors Interest (%) 6.4 6.7 4.0 4.7 4.9 7.5 3.4 0.0 7.4 6.3 Maturity (years) 21.0 18.3 22.9 21.9 12.5 24.8 24.4 0.0 22.3 15.8 Grace period (years) 5.7 5.0 6.7 6.1 3.4 3.6 6.3 0.0 4.2 3.8 Grant element (%) 24.0 20.9 44.2 37.7 24.5 16.0 48.1 0.0 15.8 20.9 Private creditors Interest (%) 5.1 14.1 8.9 7.0 5.3 6.5 6.3 6.5 5.9 3.4 Maturity (years) 8.8 10.9 11.4 19.9 11.3 11.6 16.9 18.1 12.5 13.7 Grace period (years) 1.3 5.7 2.6 1.9 5.8 4.7 14.0 13.1 4.7 3.5 Grant element (%) 17.3 -23.9 4.3 17.0 24.1 17.4 22.7 19.0 21.3 36.4 Memorandum items Commnitments 84 1,423 701 1,699 5,117 3,704 3,772 3,435 2,405 1,278 Official creditors 68 550 579 840 1,058 625 730 0 74 300 Private creditors 1 6 873 122 859 4,059 3,079 3,042 3,435 2,330 978 10. CON-TRACTUAL OBLIGATIONS ON OUTSTANDING LONG-TERM DEBT 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 TOTAL Disbursements 525 210 120 36 13 6 3 0 0 0 Principal 2,523 3,087 2,727 3,041 2,668 3,276 3,935 2,369 3,741 2,006 Interest 1,765 1,650 1,492 1,338 1,172 1,045 887 687 491 336 Official creditors Disbursements 243 161 98 36 13 6 3 0 0 0 Principal 407 376 368 395 368 357 325 308 283 265 Interest 250 235 219 200 180 160 141 123 106 91 Bilateral creditors Disbursements 155 86 44 23 8 2 0 0 0 0 Principal 240 226 230 243 220 220 189 180 172 165 Interest 137 130 122 113 103 94 85 77 69 62 Multilateral creditors Disbursements 88 75 54 13 5 4 3 0 0 0 Principal 167 150 138 152 148 136 136 129 ill 99 Interest 113 105 97 87 77 66 56 46 37 30 Private creditors Disbursements 282 49 22 0 0 0 0 0 0 0 Principal 2,116 2,711 2,359 2,646 2,300 2,919 3,610 2,061 3,459 1,741 Interest 1,516 1,415 1,274 1,138 992 885 746 564 385 245 Commiercial banks Disbursements 282 49 22 0 0 0 0 0 0 0 Principal 748 483 413 767 288 190 190 162 108 88 Interest 174 148 124 103 61 47 37 26 18 14 Other private Disbursements 0 0 0 0 0 0 0 0 0 0 Principal 1,368 2,228 1,946 1,879 2,012 2,729 3,420 1,899 3,351 1,654 Interest 1,341 1,268 1,150 1,035 931 838 710 538 367 231 366 MALDIVES (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 1. SUMMAARY DEBT DATA TOTAL DEBT STOCKS (EDT) .. 25.8 78.0 94.9 112.3 123.5 154.9 167.7 160.6 179.9 Long-term debt (LDOD) .. 24.8 64.0 90.5 109.3 122.5 151.9 163.0 153.6 169.7 Public and publicly guaranteed .. 24.8 64.0 90.5 109.3 122.5 151.9 163.0 153.6 169.7 Private nonguaranteed .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Use of IMF credit 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Short-term debt .. 1.0 14.0 4.4 3.0 1.0 2.9 4.7 7.0 10.2 of which interest arrears on LDOD .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Official creditors .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private creditors .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: principal arrears on LDOD .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Official creditors .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private creditors .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: export credits .. 0.0 8.0 5.0 12.0 29.0 26.0 29.0 39.0 36.0 TOTAL DEBT FLOWS Disbursements .. 17.9 13.0 20.8 25.0 15.4 34.7 22.9 21.9 26.5 Long-termn debt .. 17.9 13.0 20.8 25.0 15.4 34.7 22.9 21.9 26.5 vIMF purchases 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal repayments .. 0.0 6.0 5.2 5.7 6.4 7.1 7.9 23.8 10.0 Long-term debt .. 0.0 6.0 5.2 5.7 6.4 7.1 7.9 23.8 10.0 IMF repurchases 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Net flows on debt .. 12.9 8.6 16.8 17.9 7.0 29.5 16.8 0.5 19.6 of which short-term debt .. -5.0 1.6 1.2 -1.4 -2.0 1.9 1.7 2.3 3.2 Interest payments (INT) .. 0.5 2.8 1.9 2.7 3.1 3.7 3.9 4.4 3.6 Long-termndebt .. 0.3 1.3 1.5 2.4 3.0 3.6 3.7 4.0 3.1 IMF charges 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Short-termn debt .. 0.3 1.5 0.3 0.3 0.1 0.2 0.2 0.4 0.4 Net transfers on debt .. 12.4 5.8 14.9 15.2 3.9 25.8 12.9 -3.9 16.0 Total debt service paid (TDS) .. 0.5 8.8 7.1 8.4 9.5 10.8 11.7 28.2 13.6 Long-term debt .. 0.3 7.3 6.8 8.1 9.3 10.7 11.5 27.8 13.2 IIMF repurchases and charges 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Short-term debt (interest only) 0.3 1.5 0.3 0.3 0.1 0.2 0.2 0.4 0.4 2. AGGREGATE NET RE-SOUiRCE FLOWS AND NET TRANSFERS iLONG-TERNI NET RESOURCE F'LOWS .. 19.0 24.3 34.7 42.0 33.4 58.4 32.8 19.0 40.6 Net flow of long-termndebt (ex.MF .. 17.9 7.0 15.6 19.3 9.0 27.6 15.1 -1.8 16.4 Foreign direct investmnent (net) .. 0.0 6.0 7.0 7.0 9.0 7.0 8.0 8.0 11.0 Portfolio equity flows .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Grants (excluding technical coop.) .. 1.1 11.3 12.1 15.7 15.4 23.7 9.7 12.9 13.2 Memo: technical coop. grants .. 2.8 6.3 9.3 9.4 8.1 10.1 8.7 8.0 7.0 official net resource flows .. 19.0 17.2 24.7 33.1 24.8 49.8 23.0 6.3 22.6 private net resource flows .. 0.0 7.1 10.0 8.9 8.6 8.6 9.8 12.7 18.0 NET TRANSFERS .. 17.2 9.1 16.4 22.0 11.4 36.9 13.1 -2.0 17.5 Interest on long-term debt .. 0.3 1.3 1.5 2.4 3.0 3.6 3.7 4.0 3.1 Profit renmittances on FDI 1.5 13.9 16.8 17.6 19.0 18.0 16.0 17.0 20.0 Memo: official net transfers .. 18.7 16.4 23.6 31.3 22.5 47.1 20.1 3.3 20.6 private net transfers .. -1.5 -7.3 -7.2 -9.3 -11.1 -10.2 -7.0 -5.3 -3.1 3. MIAJOR ECONOMIC AGGREGATES Gross national product (GNP) ... 124.7 155.9 171.7 198.4 224.6 254.4 287.0 309.8 Exports of goods & services (XGS) .. 65.2 183.8 222.3 216.4 276.6 322.4 374.8 410.2 435.0 of which workers remiittances .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Imports of goods & services (MGS) .. 89.8 177.7 237.3 257.0 281.9 336.9 381.2 436.0 446.5 Intemational reserves (RES) .. 0.9 24.5 28.4 26.4 36.9 53.6 76.8 98.8 119.1 Current account balance .. -22.2 9.9 -19.6 -53.9 -11.2 -18.1 -7.5 -36.5 -23.2 4. DEBT INDICATORS EDT /XGS(% . 39.6 42.4 42.7 51.9 44.7 48.1 44.7 39.2 41.4 EDT /GNP(% ... 62.6 60.9 65.4 62.3 69.0 65.9 56.0 58.1 TDS /XGS(% . 0.8 4.8 3.2 3.9 3.4 3.4 3.1 6.9 3.1 INT /XGS (% . 0.8 1.5 0.9 1.3 1.1 1.2 1.0 1.1 0.8 INT /GNP(% ... 2.3 1.2 1.6 1.6 1.7 1.5 1.5 1.2 RES /EDT(% . 3.7 31.4 29.9 23.5 29.8 34.6 45.8 61.5 66.2 RES /MGS (months) .. 0.1 1.7 1.4 1.2 1.6 1.9 2.4 2.7 3.2 Short-term/ EDT (%) .. 3.9 18.0 4.6 2.7 0.8 1.9 2.8 4.4 5.7 Concessional / EDT (%) .. 96.1 70.9 86.2 75.6 79.6 81.6 81.3 84.4 79.6 Multilateral /EDT (%) .. 13.6 41.7 58.6 53.8 58.8 58.8 58.2 62.6 62.9 367 MALDIVES (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 5. LONG-TERM DEBT' DEBT OUTSTANDING (LDOD) .. 24.8 64.0 90.5 109.3 122.5 151.9 163.0 153.6 169.7 Public and publicly guaranteed .. 24.8 64.0 90.5 109.3 122.5 151.9 163.0 153.6 169.7 Officialicreditors .. 24.8 60.2 84.8 102.1 115.1 142.6 152.0 138.5 147.3 Multilateral .. 3.5 32.5 55.6 60.4 72.6 91.1 97.6 100.5 113.2 Concessional .. 3.5 32.5 55.6 60.4 72.6 91.1 97.3 99.1 110.3 Bilateral .. 21.3 27.6 29.3 41.7 42.5 51.5 54.3 37.9 34.1 Concessional .. 21.3 22.8 26.2 24.5 25.7 35.3 39.0 36.4 32.9 Private creditors .. 0.0 3.8 5.7 7.2 7.4 9.4 11.0 15.1 22.4 Bonds .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks .. 0.0 0.0 1.1 1.0 1.6 3.4 6.5 10.3 13.3 Other private .. 0.0 3.8 4.6 6.2 5.8 5.9 4.5 4.8 9.1 Private nonguaranteed .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 0.0 1.6 10.0 21.8 24.9 31.6 36.1 37.3 39.0 44.1 DISBURSEMENTS .. 17.9 13.0 20.8 25.0 15.4 34.7 22.9 21.9 26.5' Public and publicly guaranteed .. 17.9 13.0 20.8 25.0 15.4 34.7 22.9 21.9 26.5 Official creditors .. 17.9 9.6 17.3 21.9 14.0 30.9 18.5 14.4 15.3 Multilateral .. 2.6 3.6 13.8 6.2 9.9 18.7 11.8 11.0 15.1 Concessional .. 2.6 3.6 13.8 6.2 9.9 18.7 11.5 9.9 13.7 Bilateral .. 15.3 5.9 3.5 15.7 4.1 12.2 6.7 3.3 0.2 Concessional .. 15.3 1.1 3.5 0.7 4.1 12.2 6.7 1.8 0.2 Private creditors .. 0.0 3.5 3.6 3.1 1.4 3.8 4.5 7.6 11.1 Bonds .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks .. 0.0 0.0 1.1 0.1 1.0 2.4 3.9 5.3 6.0 Other private .. 0.0 3.5 2.5 3.0 0.4 1.4 0.5 2.2 5.2 Private nonguaranteed .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commnercial banks .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 0.0 1.6 1.2 8.1 3.0 5.6 3.9 2.5 3.8 3.7 PRINCIPAL REPAYMENTS .. 0.0 6.0 5.2 5.7 6.4 7.1 7.9 23.8 10.0 Public and publicly guaranteed .. 0.0 6.0 5.2 5.7 6.4 7.1 7.9 23.8 10.0 Official creditors .. 0.0 3.7 4.6 4.5 4.6 4.8 5.2 20.9 5.9 Multilateral .. 0.0 1.5 1.3 1.2 1.3 1.4 1.5 1.5 1.7 Concessional .. 0.0 1.5 1.3 1.2 1.3 1.4 1.5 1.5 1.7 Bilateral .. 0.0 2.2 3.3 3.3 3.3 3.4 3.7 19.4 4.1 Concessional .. 0.0 1.9 2.6 2.6 2.6 2.7 2.9 4.1 3.8 Private creditors .. 0.0 2.3 0.6 1.2 1.8 2.3 2.7 2.9 4.2 Bonds .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commrercial banks .. 0.0 1.5 0.0 0.3 0.4 0.6 0.9 1.3 2.9 Other private .. 0.0 0.9 0.6 1.0 1.4 1.7 1.7 1.5 1.3 Private nonguaranteed .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commrercial banks .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 0.0 0.0 0.0 0.0 0.1 0.1 0.1 0.1 0.1 0.1 NET FLOWS ON DEBT .. 17.9 7.0 15.6 19.3 9.0 27.6 15.1 -1.8 16.4 Public and publicly guaranteed .. 17.9 7.0 15.6 19.3 9.0 27.6 15.1 .1.8 16.4 Official creditors .. 17.9 5.9 12.6 17.4 9.4 26.1 13.3 -6.6 9.4 Multilateral .. 2.6 2.2 12.5 5.0 8.6 17.3 10.3 9.5 13.4 Concessional .. 2.6 2.2 12.5 5.0 8.6 17.3 10.0 8.4 12.0 Bilateral .. 15.3 3.7 0.2 12.4 0.8 8.7 3.0 -16.0 -4.0 Concessional .. 15.3 -0.8 0.9 -1.9 1.5 9.5 3.7 -2.3 -3.7 Private creditors .. 0.0 1.1 3.0 1.9 -0.4 1.6 1.8 4.7 7.0 Bonds .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Comimercial banks .. 0.0 -1.5 1.1 -0.2 0.6 1.8 3.0 4.0 3.1 Other private .. 0.0 2.6 1.9 2.0 -1.1 -0.3 -1.2 0.7 3.9 Private nonguaranteed .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 0.0 1.6 1.2 8.1 3.0 5.5 3.8 2.4 3.7 3.6 368 MALDIVES (US mllon unes ohewis idiatd) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 INTEREST PAYMENTS (LINT) .. 0.3 1.3 1.5 2.4 3.0 3.6 3.7 4.0 3.1 Public and publicly guaranteed .. 0.3 1.3 1.5 2.4 3.0 3.6 3.7 4.0 3.1 Official creditors .. 0.3 0.8 1.1 1.8 2.3 2.7 2.9 3.0 2.0 Multilateral .. 0.0 0.3 0.4 0.8 0.9 1.0 1.2 1.3 1.3 Concessional .. 0.0 0.3 0.4 0.8 0.9 1.0 1.2 1.2 1.2 Bilateral .. 0.3 0.5 0.7 1.0 1.3 1.7 1.7 1.8 0.7 Concessional .. 0.3 0.3 0.4 0.4 0.4 0.4 0.6 0.6 0.6 Private creditors .. 0.0 0.5 0.4 0.6 0.7 0.8 0.8 1.0 1.1 Bonds .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks .. 0.0 0.1 0.0 0.0 0.1 0.2 0.3 0.7 0.8 Other private .. 0.0 0.4 0.4 0.5 0.6 0.6 0.4 0.3 0.3 Private nonguaranteed ~0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 PrvtBon gurateds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Comimercial banks .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBR-D 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 0.0 0.0 0.1 0.1 0.2 0.2 0.3 0.3 0.3 0.3 NET TRANSFERS ON DEBT .. 17.6 5.7 14.1 16.9 6.0 24.0 11.4 -5.8 13.3 Public and publicly guaranteed .. 17.6 5.7 14.1 16.9 6.0 24.0 11.4 -5.8 13.3 Official creditors .. 17.6 5.0 11.5 15.6 7.2 23.3 10.4 -9.6 7.4 Multilateral .. 2.6 1.8 12.1 4.2 7.7 16.3 9.1 8.2 12.1 Concessional .. 2.6 1.8 12.1 4.2 7.7 16.3 8.8 7.2 10.7 Bilateral .. 15.0 3.2 -0.5 11.4 -0.5 7.0 1.3 -17.8 -4.7 Concessional .. 15.0 -1.1 0.5 -2.3 1.1 9.1 3.1 -2.9 -4.3 Private creditors .. 0.0 0.6 2.6 1.3 -1.1 0.7 1.0 3.8 5.9 Bonds .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Comimercial banks .. 0.0 -1.6 1.1 -0.2 0.6 1.6 2.7 3.3 2.3 Other private .. 0.0 2.2 1.5 1.5 -1.7 -0.9 -1.6 0.4 3.6 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Brvt on gursted . .0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Comimercial banks .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 0.0 1.6 1.1 8.0 2.8 5.3 3.5 2.1 3.4 3.3 DEBT SERVICE (LTDS) .. 0.3 7.3 6.8 8.1 9.3 10.7 11.5 27.8 13.2 Public and publicly guaranteed .. 0.3 7.3 6.8 8.1 9.3 10.7 11.5 27.8 13.2 Official creditors .. 0.3 4.5 5.8 6.3 6.8 7.6 8.1 23.9 7.9 Multilateral .. 0.0 1.8 1.7 2.0 2.2 2.4 2.7 2.8 3.0 Concessional .. 0.0 1.8 1.7 2.0 2.2 2.4 2.7 2.7 2.9 Bilateral .. 0.3 2.7 4.0 4.3 4.6 5.1 5.4 21.1 4.9 Concessional .. 0.3 2.2 3.0 3.0 3.0 3.1 3.5 4.7 4.5 Private creditors .. 0.0 2.8 1.0 1.8 2.5 3.1 3.4 3.8 5.3 Bonds .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks .. 0.0 1.6 0.0 0.3 0.5 0.8 1.3 2.0 3.7 Other private .. 0.0 1.2 1.0 1.5 2.1 2.3 2.2 1.8 1.6 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 PrvtBon gudased . .0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: . IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.00. IDA 0.0 0.0 0.1 0.1 0.2 0.3 0.4 0.4 0.4 0.4 UNDISBURSED DEBT .. 21.0 51.3 70.5 67.7 63.9 58.7 46.6 35.1 50.3 Official creditors .. 19.1 49.6 67.3 67.7 59.5 54.5 38.4 28.8 39.3 Private creditors .. 1.9 1.7 3.2 0.0 4.3 4.2 8.2 6.3 11.0 Memorandum items Concessional LDOD .. 24.8 55.4 81.8 84.9 98.3 126.4 136.3 135.5 143.2 Variable rate LDOD .. 0.0 0.0 1.1 16.0 16.1 16.4 16.8 6.2 8.4 Public sector LDOD .. 24.8 64.0 90.5 109.3 122.5 151.9 163.0 153.6 169.7 Private sector LDOD .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 6. CURRENCIt'COMPOSIT10ON OF LONG-TERMN DEBT iPERCENT) Deutsche mark .. 0.0 13.0 6.0 5.5 4.1 2.3 0.9 0.1 0.0 French franc .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Japanese yen .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Pound sterling .. 0.0 0.3 0.0 0.0 0.0 0.0 0.9 0.7 0.5 Swiss franc .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 U.S.dollars .. 14.1 25.5 35.0 46.2 49.8 51.3 49.6 46.5 48.3 Multiple currency .. 0.0 12.4 20.3 18.8 19.3 20.3 21.3 23.2 22.4 Special drawing rights .. 0.0 0.0 0.0 0.0 0.0 0.7 1.7 1.8 1.8 All other currencies .. 85.9 48.8 38.7 29.5 26.8 25.4 25.6 27.7 27.0 369 MALDIVES (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 7. DEBT RESTRLi'TUIURNGS Total amount rescheduled ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Debt stock rescheduled ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal rescheduled ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Official ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Interest rescheduled ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Official ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Debt forgiven ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: interest forgiven ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Debt stock reduction ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 of which debt buyback ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 8. DEBT STOCK-FLOlW RECONCILIATION Total change in debt stocks ... 11.2 13.7 17.5 11.2 31.3 12.8 -7.1 19.3 Net flows on debt .. 12.9 8.6 16.8 17.9 7.0 29.5 16.8 0.5 19.6 Net change in interest arrears ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Interest capitalized ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Debt forgiveness or reduction ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Cross-cur-rency valuation ... 2.1 -1.8 -0.3 1.1 0.7 -0.5 -1.7 1.1 Residual ... 0.5 -1.3 -0. 1 3.1 1.1 -3.5 -5.9 -1.4 9. AVERAGE T'ERNIS OF NEW COMAMITMENYS ALL CREDITORS Interest (%) .. 2.9 0.8 1.5 3.4 4.8 3.1 6.7 3.5 4.1 Maturity (years) .. 14.7 37.3 27.3 17.7 14.0 31.3 9.8 8.7 17.2 Grace period (years) .. 4.4 9.2 7.1 6.8 3.7 9.1 2.8 2.8 3.9 Grant element (%) .. 41.2 77.2 63.6 41.2 30.9 56.2 17.3 28.8 33.4 Ofricial creditors Interest (%) .. 2.5 0.8 1.3 3.4 2.1 2.5 2.4 2.3 2.3 Maturity (years) .. 15.5 37.3 28.1 17.7 19.8 34.8 16.5 8.5 27.9 Grace period (years) .. 4.7 9.2 7.4 6.8 5.6 10.1 5.0 2.9 6.6 Grant element (%) .. 44.2 77.2 65.7 41.2 52.8 63.3 46.6 33.3 55.4 Private creditors Interest (%) .. 7.5 0.0 6.3 0.0 7.5 7.9 8.6 4.9 6.2 Maturity (years) .. 6.6 0.0 5.4 0.0 8.1 6.0 6.7 9.0 5.7 Grace period (years) .. 1.1 0.0 0.8 0.0 1.7 1.7 1.8 2.7 0.9 Grant element (%) .. 6.9 0.0 8.2 0.0 8.6 6.3 3.6 23.9 9.5 Memorandum items Commitments .. 22.1 15.5 57.4 23.8 11.6 29.1 12.5 12.2 33.2 Official creditors .. 20.3 15.5 55.3 23.8 5.8 25.5 4.0 6.4 17.3 Private creditors .. 1.8 0.0 2.1 0.0 5.7 3.6 8.5 5.9 15.9 10. CONTRACTU'AL OBLIGA TIONS ON OUTSTANDING LONG-TERMI DEBI 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 TOTAL Disbursements 17.9 14.1 7.7 5.0 2.6 1.5 0.9 0.5 0.1 0.0 Principal 12.3 13.3 13.2 12.8 10.5 9.6 9.1 8.4 7.6 7.3 Interest 4.1 3.9 3.5 3.0 2.6 2.3 2.1 1.9 1.8 1.8 Official creditors Disbursements 11.8 10.8 6.5 4.6 2.6 1.5 0.9 0.5 0.1 0.0 Principal 5.8 6.3 6.4 7.1 7.4 7.6 7.9 8.2 7.3 7.1 Interest 2.5 2.5 2.4 2.3 2.2 2.1 2.0 1.9 1.8 1.8 Bilateral creditors Disbursements 1.8 3.1 2.2 1.5 0.9 0.5 0.3 0.2 0.0 0.0 Principal 3.6 3.4 2.9 3.0 3.1 3.1 3.1 3.2 2.9 2.2 Interest 0.7 0.6 0.6 0.6 0.5 0.5 0.4 0.4 0.4 0.3 Multilateral creditors Disbursements 10.0 7.7 4.3 3.0 1.7 1.0 0.6 0.3 0.1 0.0 Principal 2.2 2.9 3.5 4.1 4.3 4.5 4.8 5.1 4.4 4.8 Interest 1.8 1.8 1.8 1.8 1.7 1.6 1.6 1.5 1.5 1.4 Private creditors Disbursements 6.0 3.3 1.2 0.5 0.0 0.0 0.0 0.0 0.0 0.0 Principal 6.4 7.0 6.8 5.7 3.1 2.0 1.2 0.2 0.2 0.2 Interest 1.6 1.5 1.1 0.7 0.3 0.1 0.0 0.0 0.0 0.0 Commercial banks Disbursements 5.8 3.3 1.2 0.5 0.0 0.0 0.0 0.0 0.0 0.0 Principal 4.7 5.5 5.3 4.4 1.8 0.7 0.4 0.2 0.2 0.2 Interest 1.1 1.0 0.7 0.4 0.1 0.0 0.0 0.0 0.0 0.0 Other private Disbursements 0.2 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal 1.7 1.5 1.5 1.3 1.3 1.3 0.8 0.0 0.0 0.0 Interest 0.5 0.4 0.3 0.3 0.2 0.1 0.0 0.0 0.0 0.0 370 MALI (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 1. SLIMMIARY DEBr DATA TOTAIL DEBT STOCKS (EDT) 727 2,467 2,898 2,902 2,694 2,957 3,006 3,142 3,202 Long-term debt (LDOD) 238 664 2,336 2,777 2,785 2,545 2,739 2,762 2,692 2,827 Public and publicly guaranteed 238 664 2,336 2,777 2,785 2,545 2,739 2,762 2,692 2,827 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Use of IMF credit 9 39 69 65 71 108 147 165 176 187 Short-term debt 24 62 55 46 41 72 79 275 188 of which interestairrears on LDOD ..1 9 26 1 8 21 28 33 43 44 Official creditors 1 9 26 17 21 28 33 43 44 Private creditors 0 0 0 0 0 0 0 0 0 Memo: principal arrears on LDOD .. 75 63 266 209 273 342 415 632 664 Official creditors 73 63 266 207 271 340 415 632 664 Private creditors 2 0 0 2 2 2 0 0 0 Memo: export credits 0 86 85 77 44 68 64 87 79 TOTAL DEBT FLOWS Disbursements 24 108 194 176 98 164 238 186 147 108 Long-term debt 23 94 167 162 84 122 193 156 118 94 IMF purchases 2 14 28 14 14 42 45 30 28 14 Principal repayments 4 9 44 38 35 63 62 54 49 55 Long-termn debt 0 6 25 32 26 53 55 47 42 44 RAM repurchases 4 3 1 8 7 9 1 0 7 7 7 1 1 Net flows on debt 20 98 158 118 83 92 200 135 283 -36 of which short-tertndebt .. -1 8 -20 1 9 -9 24 3 186 -89 Interest paymnents (INT) 7 23 20 43 25 24 62 36 27 Long-term debt 0 3 17 1 5 40 24 22 58 20 1 8 IMFcharges 0 1 4 2 1 1 1 1 1 1 Short-term debt ..3 3 2 2 1 2 2 1 5 8 Net transfers on debt 90 135 98 39 67 176 73 247 -62 Total debt service paid (TDS) 16 67 58 78 88 86 116 85 82 Long-term debt 1 9 42 47 66 77 77 105 62 62 IMFrepurchases and charges 4 4 22 8 1 0 1 0 7 9 8 1 2 Short-term debt (interest only) ..3 3 2 2 1 2 2 1 5 8 2. AGGREGATE NET RESOURCE FLOWS AND NET TRANSFERS iLONG-TERM)i NET RESOURCE FLOWS 34 194 335 325 213 334 358 402 326 268 Net flow of long-term debt (ex. IMF 23 88 141 130 58 69 138 110 76 50 Foreign direct investment (net) 0 2 -7 -8 -20 45 12 84 39 1 7 Portfolio equity flows 0 0 0 0 0 0 0 0 0 0 Grants (excluding te-chnical coop.) 1 2 104 201 203 175 221 208 209 211 201 Memo: technical coop. grants 8 77 99 127 130 112 132 121 125 108 official net resource flows 34 183 343 336 234 290 346 318 287 251 private net resource flows 0 1 0 -8 -11 -21 44 12 84 39 17 NET TRANSFERS 32 190 294 296 160 297 322 331 293 237 Interest on long-termndebt 0 3 17 1 5 40 24 22 58 20 1 8 Profit remittances onFDI 2 0 24 14 13 14 15 1 3 12 13 Memo: official net transfers 34 181 327 320 194 267 325 260 266 233 private net transfers -2 9 -33 -25 -34 30 -3 71 27 4 3. NIAJOR ECONONMIC AGGREGATES Gross national product (GNP) 352 1,768 2,405 2,839 2,674 1,736 2,414 2,605 2,458 2,660 Exports of goods &services (XGS) .. 322 549 587 603 516 650 639 745 651 of which workers renmittances .. 59 107 117 126 103 112 107 91 Imports of goods & services (MGS) .. 537 889 1,011 896 816 1,040 1,001 959 972 Intermational reserves (RES) 1 26 198 314 340 229 330 438 420 403 Current account balance .. -124 -221 -241 -189 -163 -284 -273 -178 4. DEBT I'NDICATORS EDT /XGS (%) .. 225.8 449.1 493.9 481.6 521.7 455.1 470.3 421.9 492.1 EDT /GNP (%) .. 41.1 102.6 102.1 108.5 155.2 122.5 115.4 127.8 120.4 TDS /XGS (%) .. 5.1 12.2 9.8 12.9 17.0 13.3 18.1 11.4 12.6 INT / XGS (% . 2.3 4.2 3.4 7.2 4.8 3.7 9.6 4.8 4.1 INT /GNP(% . 0.4 1.0 0.7 1.6 1.4 1.0 2.4 1.5 1.0 RES /EDT(% . 3.5 8.0 10.8 11.7 8.5 11.2 14.6 13.4 12.6 RES / MGS (months) .. 0.6 2.7 3.7 4.6 3.4 3.8 5.3 5.3 5.0 Short-term /EDT (%) .. 3.3 2.5 1.9 1.6 1.5 2.4 2.6 8.7 5.9 Concessional /EDT (%) .. 84.4 91.1 92.8 92.8 91.5 89.9 89.4 83.6 86.3 Multilateral / EDT (%) .. 23.6 36.3 36.6 38.0 46.4 47.2 48.5 46.3 49.1 371 MALI (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 5. LONG-TERM% DEBT DEBT OUTSTANDING (LDOD) 238 664 2,336 2,777 2,785 2,545 2,739 2,762 2,692 2,827 Public and publicly guaranteed 238 664 2,336 2,777 2,785 2,545 2,739 2,762 2,692 2,827 Official creditors 232 629 2,320 2,771 2,781 2,543 2,736 2,762 2,692 2,827 Multilateral 6 172 896 1,059 1,103 1,250 1,396 1,459 1,453 1,573 Concessional 6 163 874 1,022 1,066 1,214 1,357 1,423 1,424 1,545 Bilateral 226 457 1,424 1,712 1,678 1,293 1,340 1,303 1,239 1,254 Concessional 226 451 1,373 1,668 1,626 1,250 1,303 1,265 1,202 1,218 Private creditors 6 36 16 6 4 2 2 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 1 11 0 3 3 2 2 0 0 0 Other private 5 25 16 3 1 0 0 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Comimercial banks 0 0 0 0 0 0 0 0 0 0 Memo: IBRD 0 0 0 0 0 0 0 0 0 0 IDA 6 121 498 611 656 770 863 915 939 1,009 DISBURSEMENTS 23 94 167 162 84 122 193 156 118 94 Public and publicly guaranteed 23 94 167 162 84 122 193 156 118 94 Officialicreditors 23 83 167 162 84 122 193 156 118 94 Multilateral 1 34 115 86 63 119 146 122 115 88 Concessional 1 30 ill 86 62 118 141 119 115 88 Bilateral 22 50 52 76 21 2 47 35 3 6 Concessional 22 45 52 76 17 2 47 35 3 6 Private creditors 0 10 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 5 0 0 0 0 0 0 0 0 Other private 0 5 0 0 0 0 0 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Comimercial banks 0 0 0 0 0 0 0 0 0 0 Memo: IBRD 0 0 0 0 0 0 0 0 0 0 IDA 1 19 44 62 47 93 86 84 75 48 PRINCIPAL REPAYMENTS 0 6 25 32 26 53 55 47 42 44 Public and pubticly guaranteed 0 6 25 32 26 53 55 47 42 44 Official creditors 0 4 24 29 25 52 55 47 42 44 Multilateral 0 0 14 17 16 26 23 27 27 29 Concessional 0 0 13 13 15 21 20 23 24 25 Bilateral 0 4 11 12 10 26 32 20 15 15 Concessional 0 3 10 9 8 18 25 19 14 14 Private creditors 0 2 1 3 1 1 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 1 0 0 1 0 0 0 0 0 Other private 0 1 1 3 0 1 0 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commiercial banks 0 0 0 0 0 0 0 0 0 0 Memo: IBRD 0 0 0 0 0 0 0 0 0 0 IDA 0 0 2 3 4 6 6 7 7 9 NET FLOWS ON DEBT 23 88 141 130 58 69 138 110 76 50 Public and publicly guaranteed 23 88 141 130 58 69 138 110 76 50 Official creditors 23 80 142 133 59 69 138 110 76 50 Multilateral 1 33 101 70 47 94 123 94 88 59 Concessional 1 30 98 73 47 97 121 96 90 62 Bilateral 21 46 42 63 12 -24 15 15 -11 -9 Concessional 21 42 42 66 9 -16 22 16 -10 -8 Private creditors 0 8 -1 -3 -1 -l 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Conimnercial banks 0 4 0 0 -1 0 0 0 0 0 Other private 0 4 -1 -3 0 -1 0 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 0 0 Memo: IBRD 0 0 0 0 0 0 0 0 0 0 IDA 1 19 42 59 43 87 80 77 68 39 372 MALI (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 INTEREST PAYMENTS (LINT) 0 3 17 15 40 24 22 58 20 18 Public and publicly guaranteed 0 3 17 15 40 24 22 58 20 18 Official creditors 0 2 16 15 40 24 22 58 20 18 Multilateral 0 1 9 9 9 12 11 13 14 12 Concessional 0 1 8 8 8 11 11 12 13 12 Bilateral 0 1 7 6 31 12 10 45 7 6 Concessional 0 1 6 5 30 9 8 44 5 4 Private creditors 0 1 1 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Comimercial banks 0 1 0 0 0 0 0 0 0 0 Other private 0 0 1 0 0 0 0 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 C 0 0 0 0 Comomercial banks 0 0 0 0 0 0 0 0 0 0 Memo: IBRD 0 0 0 0 0 0 0 0 0 0 IDA 0 1 3 4 5 6 6 7 7 7 NET TRANSFERS ON DEBT 22 84 124 115 18 45 117 51 56 32 Public and publicly guaranteed 22 84 124 115 18 45 117 51 56 32 Official creditors 22 77 126 118 19 46 117 51 56 32 Multilateral 1 32 92 61 37 82 112 81 74 47 Concessional 1 29 90 65 39 87 ill 84 78 51 Bilateral 21 45 34 57 -19 -36 5 -30 -18 -15 Concessional 21 41 37 61 -21 -25 14 -28 -16 -13 Private creditors 0 7 -2 -3 - 1 -1 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 3 0 0 -1 0 0 0 0 0 Other private 0 4 -2 -3 0 -1 0 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 0 0 Memo: IBRD 0 0 0 0 0 0 0 0 0 0 IDA 1 18 38 54 39 82 73 71 61 32 DEBT SERVICE (LTDS) 1 9 42 47 66 77 77 105 62 62 Public and publicly guaranteed 1 9 42 47 66 77 77 105 62 62 Official creditors 1 6 40 44 65 76 77 105 62 62 Multilateral 0 2 23 26 25 37 35 41 41 41 Concessional 0 1 21 21 23 31 30 35 37 37 Bilateral 1 5 1 8 19 40 38 42 65 22 21 Concessional 1 4 16 1 5 38 27 33 63 19 18 Private creditors 0 3 2 3 1 1 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 2 0 0 1 0 0 0 0 0 Other private 0 1 2 3 0 1 0 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 0 0 Memo: IBRD 0 0 0 0 0 0 0 0 0 0 IDA 0 1 5 7 8 12 12 14 14 16 UNDISBURSED DEBT 54 366 634 689 668 636 619 681 591 570 Official creditors 50 359 634 689 668 636 619 681 591 570 Private creditors 4 7 0 0 0 0 0 0 0 0 Memorandum items Concessional LDOD 232 614 2,247 2,690 2,692 2,464 2,660 2,687 2,626 2,763 Variable rate LDOD 0 0 6 3 3 3 3 2 2 1 Public sector LDOD 238 664 2,330 2,771 2,780 2,545 2,739 2,762 2,692 2,827 Private sector LDOD 0 0 6 6 5 0 0 0 0 0 6. CURRENCYI CONEKOSITION OF LONG-TERM DEBT iPERCENTi Deutsche mark 2.8 0.9 0.2 0.2 0.2 0.2 0.2 0.2 0.1 0.1 French franc 16.9 21.3 36.7 32.3 29.9 22.4 21.8 20.3 18.9 18.5 Japanese yen 0.0 0.0 0.3 1.4 1.5 1.9 2.3 2.9 2.7 2.8 Pound sterling 37.5 11.5 2.7 1.8 1.8 2.0 1.8 1.9 1.9 1.8 Swiss franc 5.9 5.6 2.3 1.7 1.7 2.0 2.1 1.8 1.7 1.7 U.S.dollars 4.9 11.6 14.9 17.5 19.5 21.2 22.5 23.9 25.9 26.9 Multiple currency 0.3 6.4 15.3 14.1 14.6 17.6 18.7 19.1 18.5 19.1 Special drawing rights 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 All other currencies 31.7 42.7 27.6 31.0 30.8 32.7 30.6 29.9 30.3 29.1 373 MALI (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 7. DEBT RESTRLUCTUiRINGS Total amount rescheduled 11 28 29 0 0 14 0 1 Debt stock rescheduled 0 0 0 0 0 0 0 0 Principal rescheduled 7 21 26 0 0 14 0 1 Official 4 1 5 4 0 0 13 0 1 Private 3 6 22 0 0 1 0 0 Interest rescheduled ..5 7 3 0 0 0 0 0 Official 4 6 2 0 0 0 0 0 Private ..1 1 1 0 0 0 0 0 Debt forgiven 2 16 3 413 0 16 0 5 Memo: interest forgiven 2 6 1 9 0 2 0 0 Debt stock reduction 0 0 0 0 0 0 0 0 of which debt buyback 0 0 0 0 0 0 0 0 8. DEBT STOCK-FLOW RECONCILIArnON Total change in debt stocks 340 302 4 -208 264 49 136 59 Net flows on debt 20 98 158 118 83 92 200 135 283 -36 Net change in interest arrears 8 1 -8 3 7 5 ItO 2 Interest capitalized 5 7 3 0 0 0 0 0 Debt forgiveness or reduction -2 -16 -3 -413 0 -16 0 -5 Cross-cur-rency valuation ... 175 -75 -54 72 65 -51 -84 52 Residual ... -4 267 -16 37 -8 -25 -73 46 9. AVERAGE TERMS OF NEW~ COMMITrm ENrIS ALL CREDITORS Interest (%) 1.1 2.2 1.0 2.3 1.4 0.8 1.5 1.3 0.9 1.7 Maturity (years) 25.0 23.0 29.9 29.6 33.4 37.2 30.7 35.9 45.4 28.0 Grace period (years) 9.5 5.5 8.4 8.3 8.1 9.7 8.8 9.3 10.2 7.4 Grant element (%) 68.2 50.5 67.6 59.8 64.8 77.7 68.6 73.3 80.2 63.0 Official creditors Interest (%) 0.3 1.8 1.0 2.3 1.4 0.8 1.5 1.3 0.9 1.7 Maturity (years) 27.4 23.9 29.9 29.6 33.4 37.2 30.7 35.9 45.4 28.0 Grace period (years) 10.6 5.6 8.4 8.3 8.1 9.7 8.8 9.3 10.2 7.4 Grant element (%) 76.4 53.2 67.6 59.8 64.8 77.7 68.6 73.3 80.2 63.0 Private creditors Interest (%) 6.7 9.9 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Maturity (years) 8.5 6.3 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Grace period (years) 1.6 2.2 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Grant element (%) 11.5 -0.4 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memorandum items Commiitments 34 146 124 153 98 135 163 238 123 55 Official creditors 30 139 124 153 98 135 163 238 123 55 Private creditors 4 7 0 0 0 0 0 0 0 0 10. CONTRACTUAL. OBLIGA'FIONS ON OUITSTANDI NG LONG-TER.N DEBT 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 TOTAL Disbursements 166 153 108 69 38 18 12 4 2 0 Principal 90 81 85 80 80 80 84 88 91 92 Interest 23 24 24 23 23 22 21 20 19 18 Official creditors Disbursements 166 153 108 69 38 1 8 12 4 2 0 Principal 90 81 85 80 80 80 84 88 91 92 Interest 23 24 24 23 23 22 21 20 19 18 Bilateral creditors Disbursements 17 12 7 4 2 1 1 0 0 0 Principal 53 44 44 35 33 30 30 30 30 29 Interest 7 7 6 5 5 5 4 4 4 3 Multilateral creditors Disbursements 149 142 101 65 36 17 1 1 4 2 0 Principal 36 37 41 45 48 50 54 58 62 63 Interest 16 17 18 1 8 18 17 17 16 15 14 Private creditors Disbursements 0 0 0 0 0 0 0 0 0 0 Principal 0 0 0 0 0 0 0 0 0 0 Interest 0 0 0 0 0 0 0 0 0 0 Commercial banks Disbursements 0 0 0 0 0 0 0 0 0 0 Principal 0 0 0 0 0 0 0 0 0 0 Interest 0 0 0 0 0 0 0 0 0 0 Other private Disbursements 0 0 0 0 0 0 0 0 0 0 Principal 0 0 0 0 0 0 0 0 0 0 Interest 0 0 0 0 0 0 0 0 0 0 374 MAURITANIA (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 1. SLININIARN DEBT DATA TOTAL DEBT STOCKS (EDT) 840 2,096 2,088 2,141 2,223 2,350 2,412 2,456 2,589 Long-term debt ([DOD) 26 713 1.789 1,825 1,903 1,990 2,081 2,125 2,040 2,214 Public and publicly guaranteed 26 713 1,789 1,825 1,903 1,990 2,081 2,125 2,040 2,214 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Use of IMF credit 0 62 70 58 63 86 100 107 113 110 Short-term debt 65 238 205 174 148 169 180 304 265 of which interest arrears onLDOD 10 64 113 94 72 79 81 86 118 Official creditors 9 57 100 93 70 77 81 86 118 Privatecereditors 1 7 14 2 2 3 0 0 0 Memo: principal arrears on LDOD .. 44 141 288 198 192 174 175 193 385 Official creditors 24 120 236 195 187 169 175 193 385 Private creditors 21 21 52 4 5 5 0 0 0 Memo: export credits 0 230 196 187 148 156 147 197 160 TOTAL DEBT FLOWS Disbursements 5 155 148 145 179 163 133 176 108 55 Long-term debt 5 126 137 133 167 139 ill 155 89 55 lIF purehases 0 30 12 12 12 24 22 21 20 0 Principal repayments 3 26 99 61 82 63 79 82 70 69 Long-term debt 3 17 83 53 76 57 70 72 62 62 vIMFrepurchases 0 9 16 8 6 6 9 10 8 7 Net flows on debt 1 139 102 -49 85 96 68 103 158 -84 of which short-term debt 10 53 -133 -12 -4 14 9 119 -71 Interest payments (INT) 22 47 26 47 42 38 35 44 42 Long-term debt 0 1 3 35 20 42 38 33 30 35 33 vIMF charges 0 2 3 1 0 0 1 1 1 1 Short-term debt ..7 9 6 4 4 5 4 8 8 Net transfers on debt .. 118 55 -74 39 54 30 68 114 -126 Total debt service paid (TDS) .. 48 146 87 128 106 117 116 114 110 Long-term debt 4 30 118 72 118 96 102 102 98 94 IMF repurchases and charges 0 11 19 9 7 6 10 11 8 8 Short-term debt (interest only) ..7 9 6 4 4 5 4 8 8 2. AGGREGATE NET RESOUiRC-E FLOWS AND NET TRA-NSFERS tLONG-TERM NET RESOURCE FLOWS 5 197 138 195 281 210 184 262 180 129 Net flow of long-term debt (ex. IMIF) 1 108 54 81 91 82 42 83 26 -7 Foreign direct investment (net) 1 27 7 8 16 2 7 5 3 5 Portfolio equity flows 0 0 0 0 0 0 0 0 0 0 Grants (excluding techniical coop.) 3 61 78 106 173 127 135 174 151 130 Memo: technical coop. grants 4 29 53 52 54 44 49 47 42 36 official net resource flows 6 170 133 189 265 208 177 232 179 126 private net resource flows -1 27 6 5 16 2 7 30 2 3 NET TRANSFERS -8 161 103 173 236 169 149 228 142 94 Interest on long-term debt 0 13 35 20 42 38 33 30 35 33 Profit remlittances on FDI 13 23 1 2 3 3 3 4 3 2 Memo: official net transfers 5 161 98 170 223 170 145 203 145 95 private net transfers -14 1 4 3 13 -1 4 26 -3 -1 3. MIAJOR ECONOMTIC AGGRtEGATES Gross national product (GNP) 227 779 1,076 1,124 875 974 1,015 1,038 1,046 950 Exports of goods & services (XGS) .. 275 488 478 427 432 511 517 463 397 of whiich workers remiittances ..6 14 50 2 5 5 4 3 2 Imports of goods & services (MGS) .. 493 570 670 683 581 559 623 557 505 Intemational reserves (RES) 3 146 59 65 49 44 90 145 204 206 Current accounthbalance .. -133 -10 -118 -174 -70 22 91 48 77 .1. DEBT INDICATORS EDT /XGS (%) .. 304.9 429.4 436.8 500.9 515.1 459.8 466.7 530.9 651.6 EDT /GNP% .. 107.8 194.8 185.8 244.7 228.3 231.4 232.3 234.8 272.5 TDS /XGS (% . 17.3 29.9 18.2 30.0 24.4 22.9 22.5 24.5 27.7 INT /XGS (% . 7.9 9.7 5.4 10.9 9.8 7.5 6.7 9.5 10.5 INT /GNP% .. 2.8 4.4 2.3 5.3 4.3 3.8 3.3 4.2 4.4 RES /EDT(% . 17.4 2.8 3.1 2.3 2.0 3.8 6.0 8.3 8.0 RES /MGS (months) . 3.6 1.2 1.2 0.9 0.9 1.9 2.8 4.4 4.9 Short-term /EDT (%) .. 7.7 11.3 9.8 8.1 6.7 7.2 7.5 12.4 10.2 Concessional /EDT (%) .. 62.6 61.1 63.6 71.1 71.9 71.8 72.1 69.2 71.2 Multilateral /EDT (%) .. 14.8 31.2 34.1 34.4 38.4 39.4 39.4 38.3 38.5 375 MAURITANIA (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 5. LONG-TERNI DEBT DEBT OUTSTANDING (LDOD) 26 713 1,789 1,825 1,903 1,990 2,081 2,125 2,040 2,214 Public and publicly guaranteed 26 713 1,789 1,825 1,903 1,990 2,081 2,125 2,040 2,214 Official creditors 18 582 1,692 1,738 1,885 1,981 2,073 2,100 2,016 2,192 Multilateral 6 125 654 712 736 854 925 950 940 995 Concessional 6 106 453 497 536 634 704 755 776 835 Bilateral 13 458 1,038 1,025 1,148 1,127 1,148 1,150 1,076 1,197 Concessional 8 420 828 831 985 964 984 984 925 1,007 Private creditors 8 131 97 88 19 9 8 25 24 22 Bonds 0 0 0 0 0 0 0 0 0 0 Comimercial banks 0 16 0 0 0 0 0 0 0 0 Other private 8 115 97 88 1 9 9 8 25 24 22 P'rivate nonguaranteed 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 0 0 Memo: IBRD 0 0 54 30 19 13 1 1 8 6 4 IDA 5 38 210 229 256 301 336 360 373 408 DISBURSEMENTS 5 126 137 133 167 139 ill 155 89 55 Public and publicly guaranteed 5 126 137 133 167 139 ill 155 89 55 Official creditors 4 112 136 133 167 139 ill 130 89 55 Multilateral 2 27 112 112 98 118 88 98 81 50 Concessional 2 12 65 5 1 72 9 1 78 82 74 47 Bilateral 2 85 24 22 69 21 24 33 8 5 Concessional 2 84 24 22 69 21 23 32 6 5 Private creditors 1 14 0 0 0 0 0 25 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 0 0 Other private 1 14 0 0 0 0 0 25 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 0 0 Memo: IBRD 0 0 0 0 0 0 0 0 0 0 IDA 2 4 39 13 28 35 3 1 36 34 24 PRINCIPAL REPAYMENTS 3 17 83 53 76 57 70 72 62 62 Public and publicly guaranteed 3 17 83 53 76 57 70 72 62 62 Official creditors 1 4 81 5 1 75 57 70 72 61 60 Multilateral 0 2 66 44 60 42 35 56 39 38 Concessional 0 1 16 20 24 1 8 1 8 20 19 22 Bilateral 1 2 15 7 16 15 34 16 22 22 Concessional 1 2 1 1 6 16 15 19 16 20 19 Private creditors 2 13 1 2 0 0 0 0 2 2 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 5 0 0 0 0 0 0 0 0 Other private 2 9 1 2 0 0 0 0 2 2 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 0 0 Memo: IBRD 0 0 1 1 1 2 1 3 8 2 2 2 2 IDA 0 0 1 1 1 1 2 2 2 3 NET FLOWS ON DEBT 1 108 54 81 91 82 42 83 26 -7 Public and publicly guaranteed 1 108 54 81 91 82 42 83 26 -7 Official creditors 3 108 55 83 92 82 42 58 28 -5 Multilateral 2 25 46 68 38 77 53 42 42 12 Concessional 2 12 50 31 49 73 60 62 55 25 Bilateral 1 83 9 15 54 5 -11 17 -14 -17 Concessional 1 82 13 16 54 5 4 16 -14 -14 Private creditors -2 0 -1 -2 0 0 0 25 -2 -2 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 -5 0 0 0 0 0 0 0 0 Other private -2 5 -1 -2 0 0 0 25 -2 -2 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 0 0 Memo: IBRD 0 0 -11 -12 -13 -8 -2 -2 -2 -2 IDA 2 4 38 12 27 33 29 34 32 21 376 MAURITANIA (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 INTEREST PAYMENTS (LINT) 0 13 35 20 42 38 33 30 35 33 Public and publicly guaranteed 0 13 35 20 42 38 33 30 35 33 Official creditors 0 9 34 19 42 38 33 30 34 31 Multilateral 0 3 20 14 27 24 15 21 19 18 Concessional 0 2 7 7 10 13 8 11 11 10 Bilateral 0 6 14 6 15 15 17 9 14 13 Concessional 0 6 6 4 10 10 10 8 9 8 Private creditors 0 4 1 0 0 0 0 0 2 2 Bonds 0 0 0 0 0 0 0 0 0 0 Commnercial banks 0 2 0 0 0 0 0 0 0 0 Other private 0 2 1 0 0 0 0 0 2 2 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 0 0 Memo: IBRD 0 0 5 3 2 1 1 1 1 0 IDA 0 0 1 2 2 2 2 3 3 3 NET TRANSFERS ON DEBT 1 96 19 61 49 43 9 53 -9 -39 Public and publicly guaranteed 1 96 19 61 49 43 9 53 -9 -39 Official creditors 3 99 21 64 49 44 10 29 -6 -35 Multilateral 2 23 25 54 11 53 37 21 23 -6 Concessional 2 9 43 25 39 60 52 52 45 15 Bilateral 0 77 -5 9 38 -9 -28 8 -29 -29 Concessional 1 76 8 12 44 -5 -6 8 -23 -21 Private creditors -2 -4 -2 -3 0 0 0 25 -3 -4 Bonds 0 0 0 0 0 0 0 0 0 0 Commnercial banks 0 -7 0 0 0 0 0 0 0 0 Other private -2 3 -2 -3 0 0 0 25 -3 -4 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commnercial banks 0 0 0 0 0 0 0 0 0 0 Memo: IBRD 0 0 -16 -15 -15 -9 -3 -3 -2 -2 IDA 2 4 37 11 25 31 26 32 29 18 DEBT SERVICE (LTDS) 4 30 118 72 118 96 102 102 98 94 Public and publicly guaranteed 4 30 118 72 118 96 102 102 98 94 Official creditors 1 13 116 70 118 95 102 102 94 90 Multilateral 0 5 87 57 86 66 51 77 58 56 Concessional 0 3 22 27 34 31 26 31 29 33 Bilateral 1 8 29 13 31 30 51 25 36 34 Concessional 1 8 17 10 26 25 29 24 29 27 Private creditors 2 17 2 3 0 0 0 0 3 4 Bonds 0 0 0 0 0 0 0 0 0 0 Comimercial banks 0 7 0 0 0 0 0 0 0 0 Other private 2 10 2 3 0 0 0 0 3 4 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 0 0 Memo: IBRD 0 0 16 15 15 9 3 3 2 2 IDA 0 1 2 3 3 3 4 4 5 6 UNDISBURSED DEBT 16 682 621 528 525 456 421 371 312 298 Official creditors 11 653 616 528 525 456 421 371 312 298 Private creditors 5 29 5 0 0 0 0 0 0 0 Memorandum items ConcessionaliLDOD 14 526 1,281 1,328 1,521 1,598 1,688 1,739 1,701 1,842 Variable rate LDOD 0 17 131 121 132 132 136 138 131 163 Public sector LDOD 26 713 1,789 1,825 1,903 1,990 2,081 2,125 2,040 2,214 Private sector LDOD 0 0 0 0 0 0 0 0 0 0 6. CURRENCI'COMPOSITION OF LONG-TERM DEBT (PERCENT) Deutsche mark 0.0 3.1 0.5 0.4 0.3 0.3 0.3 0.3 0.3 0.3 French franc 49.0 7.2 5.3 6.3 6.5 7.4 8.2 7.8 7.2 7.1 Japanese yen 0.0 0.0 1.3 1.2 3.4 3.5 3.1 3.5 3.4 3.5 Pound sterling 0.0 0.2 0.6 0.5 0.6 0.6 0.5 0.6 0.6 0.5 Swiss franc 0.0 0.3 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 U.S.dollars 23.6 43.1 34.6 34.4 35.3 34.7 34.8 36.4 38.1 38.5 Multiple currency 2.7 2.9 4.2 3.2 2.5 2.1 1.9 1.7 1.5 1.3 Special drawing rights 0.0 0.0 2.1 2.1 2.1 2.2 2.4 2.4 2.4 2.3 All other currencies 24.7 43.2 51.4 51.9 49.3 49.2 48.8 47.3 46.5 46.5 377 MAURITANIA (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 7. DEBT RESTRUiCTURINGS Total amount rescheduled 11 0 177 67 60 68 12 0 Debt stock rescheduled 0 0 0 0 0 17 0 0 Principal rescheduled 7 0 131 51 39 29 5 1 Official 5 0 74 42 38 29 5 1 Private 3 0 58 9 1 0 0 0 Interest rescheduled 5 0 36 12 12 1 3 3 1 Official 4 0 24 11 12 1 3 3 1 Private 1 0 12 0 0 0 0 0 Debt forgiven 61 0 23 6 13 1 9 0 Memo: interest forgiven I. 0 8 1 2 2 2 0 Debt stock reduction 0 4 0 0 0 0 0 0 of which debt buyback 0 0 0 0 0 0 0 0 8. DEBT STOCK-FLOW RECONC[LIATION Total change in debt stocks 140 -100 53 83 126 63 44 133 Net flows on debt 1 139 102 -49 85 96 68 103 158 -84 Net change in interest arrears 21 26 -19 -22 7 2 5 32 Interest capitalized 5 0 36 12 12 1 3 3 1 Debt forgiveness or reduction -61 -4 -23 -6 -13 - 1 -9 0 Cross-currency valuation 55 -58 -18 46 44 -47 -77 52 Residual 18 -15 -9 -43 8 -7 -35 133 9. AVERAGE TERMIS OF NE%% CONIMITMENTS ALL CREDITORS Interest (%) 6.0 3.6 3.1 1.5 2.0 2.0 1.1 3.6 2.2 0.5 Maturity (years) 10.6 22.3 31.2 31.5 30.9 28.0 34.7 27.9 30.6 39.6 Grace period (years) 2.9 9.1 8.5 8.2 8.0 7.7 9.7 6.3 6.6 10.1 Grant element (%) 18.9 47.5 56.6 66.7 63.5 61.3 75.1 49.9 60.3 82.7 Official creditors Interest (%) 3.2 2.7 3.1 1.5 2.0 2.0 1.1 2.2 2.2 0.5 Maturity (years) 20.8 24.5 31.2 31.5 30.9 28.0 34.7 32.4 30.6 39.6 Grace period (years) 5.4 10.4 8.5 8.2 8.0 7.7 9.7 7.9 6.6 10.1 Grant element (%) 44.4 55.2 56.6 66.7 63.5 61.3 75.1 61.7 60.3 82.7 Private creditors Interest (%) 6.7 7.7 0.0 0.0 0.0 0.0 0.0 8.8 0.0 0.0 Maturity (years) 8.3 11.4 0.0 0.0 0.0 0.0 0.0 10.0 0.0 0.0 Grace period (years) 2.4 2.9 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Grant element (%) 13.2 10.0 0.0 0.0 0.0 0.0 0.0 3.9 0.0 0.0 Memorandum itemis Commitments 7 211 216 77 181 65 114 121 102 24 Official creditors 1 175 216 77 181 65 114 96 102 24 Private creditors 6 36 0 0 0 0 0 25 0 0 10. CONTRACTUAL OBLIGATIONS ON OUITST4NDING LONG-TERMI DEBT I ~~~ I I 2,i,2 .~~~~~~~~~i 2S l20j,,., 2- 0 TOTAL Disbursements 79 75 50 32 17 8 4 1 1 0 Principal 117 119 102 104 98 88 89 82 73 72 Interest 41 39 37 34 31 29 27 24 22 21 Official creditors Disbursements 79 75 50 32 17 8 4 1 1 0 Principal 115 116 100 101 95 85 85 80 73 72 Interest 39 38 35 33 30 28 26 24 22 21 Bilateral creditors Disbursements 13 13 9 6 3 2 1 1 0 0 Principal 64 61 52 53 5 1 44 43 38 34 34 Interest 20 20 1 8 17 16 15 14 1 3 13 12 Multilateral creditors Disbursements 67 62 41 26 14 7 3 1 1 0 Principal 5 1 55 47 48 44 41 42 43 39 38 Interest 19 1 8 17 16 15 13 12 1 1 10 9 Private creditors Disbursements 0 0 0 0 0 0 0 0 0 0 Principal 3 2 3 3 3 3 4 2 0 0 Interest 2 2 1 1 1 1 0 0 0 0 Commercial banks Disbursements 0 0 0 0 0 0 0 0 0 0 Principal 0 0 0 0 0 0 0 0 0 0 Interest 0 0 0 0 0 0 0 0 0 0 Other private Disbursements 0 0 0 0 0 0 0 0 0 0 Principal 3 2 3 3 3 3 4 2 0 0 Interest 2 2 1 1 1 1 0 0 0 0 378 MAURITIUS (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 I. SUIM ALR','DEBT DATA TOTAL DEBT STOCKS (EDT) 467 985 1,051 1,008 1,382 1,756 1,818 2,472 2,482 Long-term debt (LDOD) 32 318 911 943 900 1,098 1,415 1,2399 1,976 1,909 Public and publicly guaranteed 32 294 764 748 733 852 1,148 1,153 1,187 1,152 Private nonguaranteed 0 24 148 195 167 245 267 246 789 757 Use ofIMF credit 0 102 22 0 0 0 0 0 0 0 Short-term debt 47 52 108 108 285 342 419 496 573 of which interest arrears on LDOD 0 2 2 2 2 1 0 0 0 Official creditors 0 1 2 2 1 1 0 0 0 Private creditors 0 1 0 0 1 0 0 0 0 Memo: principal arrears on LDOD 2 5 8 1 1 1 0 0 0 0 Officialicreditors 2 4 8 1 1 1 0 0 0 0 Private creditors 0 1 0 0 0 0 0 0 0 Memo: export credits 0 201 166 141 207 226 216 286 328 TOTAL DEBT FLOWS Disbursements 2 143 162 127 105 186 409 140 827 56 Long-term debt 2 97 162 127 105 186 409 140 827 56 IMFpurchases 0 46 0 0 0 0 0 0 0 0 Principal repayments 5 19 104 128 83 103 154 108 136 158 Long-termndebt 1 19 60 128 83 103 154 108 136 158 EIMPrepurchases 4 0 44 0 0 0 0 0 0 0 Net flows on debt -3 104 76 55 22 260 312 110 768 -25 of which short-term debt -20 1 8 56 0 177 58 78 77 77 Interest payments (INT) 34 52 56 46 56 72 90 147 154 Long-term debt 2 23 43 53 42 45 56 7 1 123 127 IMF charges 0 3 5 0 0 0 0 0 0 0 Short-termndebt 8 5 3 4 1 0 1 6 19 23 27 Net transfers on debt 70 24 -1 -24 204 241 21 621 -179 Total debt service paid (TDS) 52 156 184 129 159 225 198 283 312 Long-term debt 3 4 1 103 180 125 148 210 179 259 285 vIMF repurchases and charges 4 3 49 0 0 0 0 0 0 0 Short-termn debt (interest only) 8 5 3 4 10 1 6 1 9 23 27 2.AGGREGATE NET RESOUIRCE FLOWS AND NET TRANSFERS LIONG-TERM I NET RESOURCE FLOWS 5 93 168 26 69 125 301 116 784 -70 Net flow of long-term debt (ex. RIMF) 1 79 102 -1 22 83 255 32 691 -102 Foreign direct investment (net) 2 1 41 15 15 20 19 37 55 12 Portfolio equity flows 0 0 0 0 17 10 4 34 24 8 Grants (excluding technical coop.) 3 13 25 12 15 12 23 13 14 12 Memo: technical coop. grants 2 1 1 20 21 18 21 24 23 23 18 official net resource flows 4 45 82 -8 24 -10 2 4 1 1 9 private net resource flows 1 49 86 35 45 135 298 112 773 -79 NET TRANSFERS 3 69 103 -49 7 58 225 25 639 -218 Interest onlong-term debt 2 23 43 53 42 45 56 7 1 123 127 Profit remiittances on FDI 1 1 22 22 20 22 20 20 22 21 Memo: official net transfers 3 38 49 -48 -11 -45 -33 -29 -19 -19 private net transfers -1 32 53 0 1 8 102 258 54 657 -199 3. MIAJOR ECONONIIC AGGREGATES Gross national product (GNP) 222 1,109 2,620 3,200 3,199 3,479 3,954 4,261 4,159 4,161 Exports of goods & services (XGS) .. 579 1,778 2,003 1,971 2,041 2,402 2,802 2,602 2,763 of which workers remittances ..0 0 0 0 0 0 0 0 0 Imports of goods & services (MGS) .. 718 1,994 2,097 2,164 2,377 2,525 2,884 2,824 2,826 Intemnational reserves (RES) 46 113 761 841 781 771 887 919 711 577 Current account balance .. -117 -119 0 -92 -232 -22 34 -91 35 4. DEBT INDIC ATORS EDT /XGS (%) .. 80.8 55.4 52.5 51.2 67.7 73.1 64.9 95.0 89.8 EDT /GNP (%) .. 42.1 37.6 32.8 31.5 39.7 44.4 42.7 59.4 59.6 TDS /XGS(% . 9.0 8.8 9.2 6.5 7.8 9.4 7.1 10.9 11.3 INT / XGS (% . 5.8 3.0 2.8 2.3 2.7 3.0 3.2 5.6 5.6 INT /GNP(% . 3.1 2.0 1.8 1.4 1.6 1.8 2.1 3.5 3.7 RES / EDT (% . 24.2 77.3 80.0 77.5 55.8 50.5 50.6 28.8 23.2 RES /MGS (months) .. 1.9 4.6 4.8 4.3 3.9 4.2 3.8 3.0 2.5 Short-term /EDT (%) .. 10.1 5.3 10.3 10.7 20.6 19.4 23.1 20.1 23.1 Concessional /EDT (%) .. 13.8 35.4 36.5 38.0 30.1 25.0 22.1 14.0 14.3 Multilateral /EDT (%) .. 16.6 31.7 26.4 27.4 19.9 15.4 13.9 9.9 10.5 379 MAURITIUS (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 5. LONG-TERM% DEBT DEBT OUTSTANDING (LDOD) 32 318 911 943 900 1,098 1,415 1,399 1,976 1,909 Public and publicly guaranteed 32 294 764 748 733 852 1,148 1,153 1,187 1,152 Official creditors 21 154 649 637 625 650 664 615 554 581 Multilateral 6 78 312 278 276 275 270 253 245 261 Concessional 0 25 64 58 63 65 69 65 60 60 Bilateral 16 76 337 359 349 375 394 363 310 321 Concessional 6 39 285 325 320 351 371 338 284 294 Private creditors 10 141 115 ill 108 203 484 537 632 570 Bonds 9 0 0 0 0 0 150 150 150 150 Commercial banks 2 138 102 92 88 178 315 331 426 368 Other private 0 3 1 3 19 20 25 19 56 56 53 Private nonguaranteed 0 24 148 195 167 245 267 246 789 757 Bonds 0 0 0 0 0 0 0 0 600 600 Conmmercial banks 0 24 148 195 167 245 267 246 189 157 Memo: IBRD 6 35 176 151 149 147 140 124 ill 112 IDA 0 20 19 18 18 17 17 16 15 15 DISBURSEMENTS 2 97 162 127 105 186 409 140 827 56 Public and publicly guaranteed 2 93 104 87 77 145 353 122 216 52 Official creditors 2 36 97 64 65 36 39 50 75 49 Multilateral 0 18 23 16 29 14 18 33 42 32 Concessional 0 3 7 2 10 3 5 3 3 1 Bilateral 2 18 74 48 36 22 21 17 33 18 Concessional 1 13 65 47 32 22 18 10 27 12 Private creditors 0 56 8 23 12 109 313 73 141 3 Bonds 0 0 0 0 0 0 150 0 0 0 Commercial banks 0 56 0 17 9 102 159 29 121 3 Other private 0 0 7 6 2 7 5 43 20 0 Private nonguaranteed 0 4 57 40 28 41 56 18 611 4 Bonds 0 0 0 0 0 0 0 0 600 0 Conmmercial banks 0 4 57 40 28 41 56 18 11 4 Memo: IBRD 0 7 6 9 16 10 11 14 17 13 IDA 0 1 0 0 0 0 0 0 0 0 PRINCIPAL REPAYMENTS 1 19 60 128 83 103 154 108 136 158 Public and publicly guaranteed 1 15 44 112 69 76 94 73 112 122 Official creditors 1 5 39 84 57 58 61 58 78 52 Multilateral 0 2 22 35 31 34 33 30 31 29 Concessional 0 0 3 3 3 4 3 3 4 4 Bilateral 0 3 17 49 26 25 27 28 48 24 Concessional 0 2 12 28 20 17 22 24 43 19 Private creditors 1 10 4 28 12 18 33 15 34 69 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 1 8 4 25 12 14 22 11 19 62 Other private 0 1 0 2 0 3 12 4 1 5 8 Private nonguaranteed 0 4 16 16 14 27 60 35 24 36 Bonds 0 0 0 0 0 0 0 0 0 0 Comimercial banks 0 4 16 16 14 27 60 35 24 36 Memo: IBRD 0 2 16 22 21 22 23 20 21 19 IDA 0 0 0 0 1 1 1 1 1 1 NET FLOWS ON DEBT 1 79 102 -1 22 83 255 32 691 -102 Public and publicly guaranteed 1 78 61 -25 8 69 259 49 104 -70 Official creditors 2 31 57 -21 9 -22 -21 -9 -3 -3 Multilateral 0 16 1 -19 -1 -20 -15 3 12 3 Concessional 0 3 4 -1 7 -2 2 0 0 -3 Bilateral 2 15 57 -2 10 -2 -6 -12 -15 -6 Concessional 0 11 53 19 13 5 -4 -14 -17 -7 Private creditors -1 47 3 -5 -1 91 280 58 107 -67 Bonds 0 0 0 0 0 0 150 0 0 0 Commercial banks -1 48 -4 -8 -3 88 137 18 102 -59 Other private 0 -1 7 3 2 3 -7 39 5 -8 Private nonguaranteed 0 0 41 25 14 13 -4 -17 587 -32 Bonds 0 0 0 0 0 0 0 0 600 0 Commercial banks 0 0 41 25 14 13 -4 -17 -13 -32 Memo: IBRD 0 5 -10 -12 -6 -12 -13 -7 -4-6 IDA 0 1 0 0 -1 -1 -1 -1 -1 -1 380 MAURITIUS (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 INTEREST PAYMENTS (LINT) 2 23 43 53 42 45 56 71 123 127 Public and publicly guaranteed 2 20 37 47 39 41 50 66 61 66 Official creditors 1 7 33 40 35 35 36 33 29 28 Multilateral 0 4 19 20 17 17 16 15 13 12 Concessional 0 0 1 1 1 1 1 1 1 1 Bilateral 1 3 14 21 18 18 19 18 16 16 Concessional 0 1 9 15 15 15 17 16 14 14 Private creditors 1 13 4 7 4 7 15 33 32 39 Bonds 1 0 0 0 0 0 0 10 10 10 Commercial banks 0 13 3 6 4 5 12 21 20 26 Other private 0 0 1 1 0 2 2 1 2 3 Private nonguaranteed 0 3 6 6 4 4 6 5 62 61 Bonds 0 0 0 0 0 0 0 0 60 60 Commercial banks 0 3 6 6 4 4 6 5 2 1 Memo: IBRD 0 3 14 12 it 11 11 9 8 7 IDA 0 0 0 0 0 0 0 0 0 0 NET TRANSFERS ON DEBT -1 56 59 -53 -21 37 199 -39 568 -229 Public and publicly guaranteed -1 58 24 -72 -31 28 209 -17 43 -136 Official creditors 1 24 24 -60 -26 -57 -57 -42 -32 -31 Multilateral -1 12 -19 -38 -18 -36 -32 -12 -2 -9 Concessional 0 3 3 -2 6 -3 1 -2 -1 -4 Bilateral 1 12 43 -22 -8 -20 -25 -30 -31 -22 Concessional 0 11 44 4 -2 -10 -21 -30 -31 -21 Private creditors -2 34 -1 -12 -5 85 265 25 75 -105 Bonds -1 0 0 0 0 0 150 -10 -10 -10 Commercial banks -1 35 -7 -14 -6 83 125 -3 82 -84 Othierprivate 0 - 1 7 2 2 1 -9 38 3 -10 Private nonguaranteed 0 -2 35 19 10 9 -10 -22 525 -93 Bonds 0 0 0 0 0 0 0 0 540 -60 Commercial banks 0 -2 35 19 10 9 -10 -22 -15 -33 Memo: IBRD -1 2 -24 -25 -17 -23 -24 -16 -12 -13 IDA 0 1 0 -1 -1 -1 -1 -1 -1 -1 DEBT SERVICE (LTDS) 3 41 103 180 125 148 210 179 259 285 Public and publicly guaranteed 3 35 81 159 107 117 144 139 173 188 Official creditors 2 12 73 124 92 93 96 91 107 80 Multilateral 1 7 42 54 48 50 50 45 44 41 Concessional 0 0 4 4 4 5 4 4 4 4 Bilateral 1 6 31 70 44 43 47 47 64 40 Concessional 0 2 21 43 34 32 39 40 57 33 Private creditors 2 22 8 35 16 24 48 48 66 108 Bonds 1 0 0 0 0 0 0 10 10 10 Conmiercial banks 1 21 7 31 16 19 34 32 39 87 Other private 0 1 1 4 0 5 14 5 17 10 Private nonguaranteed 0 7 22 21 18 31 66 40 86 97 Bonds 0 0 0 0 0 0 0 0 60 60 Comimercial banks 0 7 22 21 18 31 66 40 26 37 Memo: IBRD 1 4 30 34 32 33 34 30 29 26 IDA 0 0 0 1 1 1 1 1 1 1 UNDISBURSED DEBT 15 175 246 247 250 296 485 383 299 280 Official creditors 15 172 233 227 219 267 384 355 282 264 Private creditors 0 3 13 19 31 29 101 28 17 16 Memorandum items Concessional LDOD 6 65 349 383 383 416 439 402 345 354 Variable rate LDOD 2 150 281 337 317 488 802 780 1,333 1,275 Public sector LDOD 32 294 764 748 733 852 1,148 1,153 1,187 1,152 Private sector LDOD 0 24 148 195 167 245 267 246 789 757 6. CLURRENCY CONUPOSFTION OF LONG-TERMI DEBT iPERCENTi Deutsche mark 0.0 0.0 6.3 5.1 4.4 3.7 2.6 2.1 1.3 1.2 French franc 0.0 14.2 23.6 31.5 30.2 27.6 22.7 20.5 18.0 19.0 Japanese yen 0.0 0.0 1.0 1.8 2.5 2.6 1.2 4.5 4.2 4.8 Pound sterling 82.2 18.4 8.7 3.6 3.3 2.6 1.8 1.6 1.4 1.4 Swiss franc 0.0 0.0 0.5 0.4 0.3 0.3 0.2 0.1 0.1 0.2 U.S.dollars 0.0 46.1 14.4 14.4 13.6 22.5 42.3 44.2 52.5 56.3 Multiple currency 17.6 13.3 25.2 22.4 22.7 19.5 14.1 12.7 11.3 5.2 Special drawing rights 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 All other currencies 0.2 8.0 20.3 20.8 23.0 21.2 15.1 14.3 11.2 11.9 381 MAURITIUS (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 7. DEBr RESTRUJCTUTRINGS Total amount rescheduled 0 0 0 0 0 0 0 0 Debt stock rescheduled 0 0 0 0 0 0 0 0 Principal rescheduled ..0 0 0 0 0 0 0 0 Official ..0 0 0 0 0 0 0 0 Private 0 0 0 0 0 0 0 0 Interest rescheduled 0 0 0 0 0 0 0 0 Official 0 0 0 0 0 0 0 0 Private 0 0 0 0 0 0 0 0 Debt forgiven 0 0 0 0 0 0 0 0 Memo: interest forgiven ..0 0 0 0 0 0 0 0 Debt stock reduction 0 0 0 0 0 0 0 0 of which debt buyback 0 0 0 0 0 0 0 0 8. DEBT STOCK-FLOW RECONCILL4TION Total change in debt stocks 139 8 -43 374 374 61 654 10 Net flows on debt -3 104 76 55 22 260 312 110 768 -25 Net change in interest arrears 2 -2 0 0 - 1 -1 0 0 Interest capitalized ..0 0 0 0 0 0 0 0 Debt forgiveness or reduction 0 0 0 0 0 0 0 0 Cross-currency valuation 60 -41 -25 44 30 -41 -62 31 Residual 1 -5 -40 71 33 -8 -52 3 9. AVERAGE TERMIS OF NEW CONMMITMENTS ALL CREDITORS Interest (%) 0.0 10.6 6.0 5.0 4.8 5.4 6.0 4.2 6.7 3.2 Maturity (years) 24.2 13.6 17.9 18.3 14.9 16.0 9.6 16.3 11.0 22.5 Grace period (years) 1.7 4.2 6.3 4.8 4.3 3.3 4.7 3.8 1.0 6.6 Grant element (%) 64.6 7.3 26.7 30.3 29.1 26.6 19.3 33.9 12.8 49.7 Official creditors Interest (%) 0.0 5.2 6.0 4.8 4.5 4.0 5.2 4.2 5.8 3.0 Maturity (years) 24.2 19.6 17.9 19.6 17.0 20.4 17.5 16.3 16.9 22.6 Grace period (years) 1.7 5.4 6.3 5.2 4.9 6.4 5.6 3.8 4.0 6.8 Grant element (%) 64.6 30.6 26.7 32.5 33.5 41.3 30.7 33.9 23.2 51.2 Private creditors Interest (%) 0.0 18.4 0.0 5.9 5.6 6.8 6.3 0.0 6.9 6.7 Maturity (years) 0.0 5.0 0.0 9.3 8.9 11.9 6.1 0.0 9.8 21.7 Grace period (years) 0.0 2.5 0.0 2.1 2.4 0.4 4.3 0.0 0.5 2.7 Grant element (%) 0.0 -26.5 0.0 15.8 16.5 12.7 14.3 0.0 10.7 20.8 Memorandum items Commiitmnents 14 ill1 137 90 90 210 559 37 156 50 Official creditors 14 66 137 79 67 102 170 37 26 47 Private creditors 0 45 0 12 23 108 389 0 130 3 10. CONTRACTu.4L OBLIGATIONS ON OUTSTANDING LONG-TERMI DEBT 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 TOTAL Disbursements 80 71 49 32 21 13 7 3 2 1 Principal 136 398 125 121 118 711 100 112 76 56 Interest 139 129 il11 105 99 93 27 21 14 10 Official creditors Disbursements 64 7 1 49 32 21 13 7 3 2 1 Principal . 62 67 67 67 66 63 61 59 55 5 1 Interest 29 28 27 25 23 20 1 8 15 12 10 Bilateral creditors Disbursements 44 38 24 14 7 4 2 0 0 0 Principal 27 30 33 36 34 34 35 33 3 1 30 Interest 16 16 15 14 13 1 1 10 8 7 6 Multilateral creditors Disbursements 20 33 25 18 14 9 5 3 2 1 Principal 35 37 33 32 32 29 27 25 23 21 Interest 13 13 12 1 1 10 9 8 7 5 4 Private creditors Disbursements 16 0 0 0 0 0 0 0 0 0 Principal 74 331 59 54 53 649 38 53 21 5 Interest 110 100 84 80 76 73 9 6 1 1 Comimercial banks Disbursements 16 0 0 0 0 0 0 0 0 0 Principal 39 149 29 29 30 29 22 39 12 1 Interest 29 27 17 15 12 10 7 5 1 0 Other private Disbursements 0 0 0 0 0 0 0 0 0 0 Principal 36 182 30 25 23 619 17 14 9 4 Interest 8 1 74 67 65 64 63 2 1 1 0 382 MEXICO (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 1. SL'MMARY DEBr DATA TOTAL DEBT STOCKS (EDT) 57,365 104,431 112,309 131,734 140,202 166,883 157,755 149,301 159,959 Long-term debt (LDOD) 5,964 41,202 81,797 81,825 90,689 97,019 113,755 114,409 111,707 124,073 Public and publicly guaranteed 3,194 33,902 75,962 71,150 75,151 79,531 95,167 94,069 84,387 87,996 Private nonguaranteed 2,770 7,300 5,835 10,675 15,539 17,489 18,587 20,340 27,320 36,077 Use of IMF credit 0 0 6,551 5,950 4,787 3,860 15,828 13,279 9,088 8,80 Short-term debt 16,163 16,082 24,535 36,257 39,323 37,300 30,068 28,507 27,506 of which interest arrears on LDOD 0 0 0 0 0 0 0 0 0 Officialicreditors 0 0 0 0 0 0 0 0 0 Private creditors ..0 0 0 0 0 0 0 0 0 Memo: principal arrears on LDOD 0 0 0 0 0 0 0 0 0 Official creditors 0 0 0 0 0 0 0 0 0 Private creditors 0 0 0 0 0 0 0 0 0 Memo: export credits 0 15,583 22,645 24,968 26,686 19,603 16,510 14,120 13,889 TOTAL DEBT F'LOWS Disbursements 1,374 11,573 14,229 12,761 17,445 16,130 44,066 31,454 29,233 26,916 Long-termndebt 1,374 11,573 12,045 12,432 17,445 16,130 30,778 31,454 29,233 26,916 IMF purchases 0 0 2,184 328 0 0 13,288 0 0 0 Principal repayments 1,016 4,890 4,008 13,242 16,051 12,703 15,678 29,071 32,318 16,552 Long-term debt 1,016 4,756 2,818 12,346 14,876 11,499 14,534 27,018 28,878 15,489 EMF repurchases 0 134 1,191 896 1,175 1,204 1,144 2,052 3,439 1,063 Net flows on debt 1,360 14,822 17,641 2,197 13,116 6,492 26,366 -4,850 -4,646 9,363 of which short-termndebt 8,139 7,420 2,678 11,722 3,065 -2,022 -7.232 -1,561 -1,001 Interest payments (INT) .. 6,067 7,303 7,506 8,082 9,216 11,208 11,722 11,042 12,589 Long-term debt 283 4,579 5,799 5,844 5,835 6,535 8,053 8,338 8,442 10,174 MEA charges 0 4 522 503 426 233 545 651 482 423 Short-term debt 1,484 982 1,160 1,822 2,448 2,611 2,733 2,118 1,991I Net transfers on debt .. 8,754 10,338 -5,310 5,034 -2,724 15,157 -16,571 -15,688 -3,226 Total debt service paid (TDS) .. 10,958 11,311 20,748 24,133 21,919 26,886 40,792 43,360 29,141 Long-term debt 1,299 9,335 8,617 18,190 20,711 18,033 22,586 35,357 37,320 25,663 lIMFrepurchases and charges 0 138 1,712 1,399 1,601 1,437 1,689 2,703 3,922 1,487 Short-termndebt (interest only) 1,484 982 1,160 1,822 2,448 2,611 2,733 2,118 1,991 2I.AGGREGATE NET RESOUIRCE FLOWVS.-AND NETTRANSFERS iLONG-TERM,i NET RESOURCE FLOWS 689 8,987 12,478 9,857 21,308 20,171 26,321 17,573 15,270 22,428 Net flow of long-term debt (ex. AIMF) 358 6,817 9,228 86 2,569 4,631 16,244 4,435 355 11,427 Foreign direct investmnent (net) 323 2,156 2,634 4,393 4,389 10,972 9,526 9,185 12,831 10,238 Portfolio equity flows 0 0 563 5,365 14,297 4,521 520 3,922 2,052 730 Grants (excluding technical coop.) 8 14 54 14 53 47 31 30 32 32 Memo: technical coop. grants 6 44 81 112 116 104 122 132 101 110 official net resource flows 149 806 4,225 631 55 -534 10,384 -7,542 -4,504 -760 private net resource flows 539 8,182 8,253 9,227 21,253 20,705 15,937 25,115 19,774 23,188 NET TRANSFERS 47 3,040 5,365 1,702 13,128 11,236 15,768 6,334 3,828 8,854 Interest on long-terin debt 283 4,579 5,799 5,844 5,835 6,535 8,053 8,338 8,442 10,174 Profit renmittances on FDI 359 1,368 1,314 2,312 2,346 2,400 2,500 2,900 3,000 3,400 Memo: official net transfers 90 492 2,848 -1,256 -1,857 -2,521 7,725 -10,068 -6,163 -2,281 private net transfers -43 2,548 2,517 2,957 14,985 13,757 8,044 16,403 9,991 11,134 3. MAJOR ECONONMIC AGGREGATES Gross national product (GNP) 35,091 217,073 254,084 354,014 392,065 411,186 346,409 338,060 348,394 380,563 Exports of goods &services (XGS) .. 24,685 54,570 61,330 67,428 78,025 96,707 115,156 131,126 140,111 of which workers remittances .. 698 2,492 3,070 3,332 3,475 3,673 4,224 4,865 5,627 Imports of goods &services (MGS) .. 35,243 63,504 86,087 91,136 107,994 98,571 117,791 138,962 156,458 International reserves (RES) 756 4,175 10,217 19,171 25,299 6,441 17,046 19,527 28,852 31,863 Current account balance .. -10,422 -7,451 -24,442 -23,400 -29,662 -1,576 -2,328 -7,454 -15,960 -4. DEBT INDICATORS EDT /XGS% .. 232.4 191.4 183.1 195.4 179.7 172.6 137.0 113.9 114.2 EDT /GNP(% . 26.4 41.1 31.7 33.6 34.1 48.2 46.7 42.9 42.0 TDS / XGS (% . 44.4 20.7 33.8 35.8 28.1 27.8 35.4 33.1 20.8 INT/XGS(% . 24.6 13.4 12.2 12.0 11.8 11.6 10.2 8.4 9.0 IINT/GNP(% . 2.8 2.9 2.1 2.1 2.2 3.2 3.5 3.2 3.3 RES/EDT(% . 7.3 9.8 17.1 19.2 4.6 10.2 12.4 19.3 19.9 RES/MGS (months) .. 1.4 1.9 2.7 3.3 0.7 2.1 2.0 2.5 2.4 Short-ter / EDT (%) .. 28.2 15.4 21.9 27.5 28.1 22.4 19.1 19.1 17.2 Concessional /EDT (% . 0.6 0.9 1.0 1.0 1.1 0.9 0.9 0.9 0.9 Multilateral /EDT (%) .. 5.5 13.7 13.8 12.2 12.2 11.2 11.3 11.1 10.7 383 MEXICO (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 5. LONG-TERMI DEBT DEBT OUTSTANDING (LDOD) 5,964 41,202 81,797 81,825 90,689 97,019 113,755 114,409 111,707 124,073 Public and publicly guaranteed 3,194 33,902 75,962 71,150 75,151 79,531 95,167 94,069 84,387 87,996 Official creditors 1,148 4,468 22,609 25,093 25,939 27,366 38,994 29,362 23,031 23,119 Multilateral 746 3,176 14,291 15,531 16,073 17,073 18,640 17,755 16,496 17,152 Concessional 74 193 60 39 3 1 24 17 1 1 7 4 Bilateral 401 1,291 8,318 9,562 9,866 10,293 20,353 11,607 6,535 5,968 Concessional 123 120 822 1,104 1,280 1,540 1,455 1,461 1,307 1,354 Private creditors 2,047 29,434 53,353 46,057 49,212 52,165 56,174 64,706 61,356 64,876 Bonds 386 3,100 40,100 35,018 37,625 41,754 45,298 54,308 52,439 53,985 Commercial banks 1,267 25,637 6,630 5,946 6,795 6,446 6,529 6,384 5,417 7,964 Other private 394 698 6,624 5,093 4,793 3,965 4,347 4,015 3,500 2,927 Private nonguaranteed 2,770 7,300 5,835 10,675 15,539 17,489 18,587 20,340 27,320 36,077 Bonds 0 0 150 3,310 9,127 12,767 13,026 14,104 15,810 16,546 Commercial banks 2,770 7,300 5,685 7,365 6,412 4,722 5,562 6,236 11,510 19,532 Memo: IBRD 582 2,063 11,030 11,966 12,322 13,038 13,823 12,568 11,356 11,514 IDA 0 0 0 0 0 0 0 0 0 0 DISBURSEMENTS 1,374 11,573 12,045 12,432 17,445 16,130 30,778 31,454 29,233 26,916 Public and publicly guaranteed 772 9,123 9,985 7,319 8,435 8,691 23,400 22,956 15,369 13,186 Official creditors 229 1,074 5,454 2,887 2,775 2,117 13,424 2,489 1,783 2,204 Multilateral 160 634 3,647 1,749 1,483 1,281 2,669 2,113 1,544 1,916 Concessional 37 3 0 0 0 0 0 0 0 0 Bilateral 68 439 1,807 1,138 1,291 836 10,755 376 238 288 Concessional 9 17 636 165 178 125 7 204 38 15 Private creditors 543 8,050 4,532 4,432 5,661 6,574 9,976 20,467 13,586 10,982 Bonds 0 236 975 1,157 3,758 5,088 7,059 18,452 12,795 7,694 Commiercial banks 432 7,625 2,552 2,025 593 500 1,699 1,072 226 2,918 Otier private III 189 1,005 1,250 1,310 985 1,218 943 565 371 Private nonguaranteed 603 2,450 2,060 5,113 9,010 7,439 7,379 8,498 13,864 13,731 Bonds 0 0 150 2,766 5,861 3,657 843 2,433 3,690 4,998 Commercial banks 603 2,450 1,910 2,347 3,149 3,782 6,535 6,065 10,174 8,732 Memo: IBRD 98 422 3,326 1,352 1,098 943 1,732 1,051 995 1,283 IDA 0 0 0 0 0 0 0 0 0 0 PRINCIPAL REPAYMENTS 1,016 4,756 2,818 12,346 14,876 11,499 14,534 27,018 28,878 15,489 Public and publicly guaranteed 475 4,006 2,622 10,288 5,893 6,582 9,140 20,308 21,995 11,623 Official creditors 87 282 1,283 2,270 2,772 2,698 3,071 10,061 6,319 2,996 Multilateral 3 1 137 1,034 1,256 1,274 1,421 1,713 1,712 1,625 1,602 Concessional 0 12 13 10 8 7 7 6 5 3 Bilateral 56 145 249 1,014 1,498 1,277 1,358 8,349 4,694 1,394 Concessional 9 12 0 32 88 14 92 81 74 75 Private creditors 388 3,724 1,339 8,018 3,121 3,884 6,069 10,247 15,677 8,627 Bonds 1 6 123 464 4,592 650 1,113 3,534 8,119 14,063 6,973 Commnercial banks 266 3,445 185 1,726 735 741 1,626 1,000 668 640 Other private 106 156 690 1,700 1,735 2,029 909 1,128 946 1,014 Private nonguaranteed 542 750 196 2,058 8,983 4,917 5,394 6,710 6,883 3,866 Bonds 0 0 0 150 25 50 610 1,328 1,950 3,291 Commercial banks 542 750 196 1,908 8,958 4,867 4,784 5,382 4,933 575 Memo: IBRD 23 89 801 981 991 1,065 1,411 1,409 1,311 1,257 IDA 0 0 0 0 0 0 0 0 0 0 NET FLOWS ON DEBT 358 6,817 9,228 86 2,569 4,631 16,244 4,435 355 11,427 Public and publicly guaranteed 297 5,117 7,364 -2,969 2,543 2,109 14,260 2,647 -6,627 1,562 Official creditors 142 791 4,171 617 3 -581 10,353 -7,573 -4,536 -793 Multilateral 130 497 2,613 493 209 -140 956 401 -80 314 Concessional 37 -9 -13 -10 -8 -7 -7 -6 -5 -3 Bilateral 12 294 1,558 124 -207 -441 9,398 -7,974 -4,456 -1,107 Concessional 0 5 635 134 91 Ill -85 123 -36 -60 Private creditors 155 4,326 3,193 -3,586 2,540 2,690 3,906 10,220 -2,091 2,355 Bonds -16 112 511 -3,435 3,108 3,975 3,525 10,333 -1,267 720 Commercial banks 166 4,180 2,367 300 -142 -241 73 72 443 2,278 Other private 5 33 314 -450 -425 -1,044 309 -185 -381 -643 Private nonguaranteed 61 1,700 1,864 3,055 27 2,523 1,985 1,788 6,981 9,865 Bonds 0 0 150 2,616 5,836 3,608 233 1,105 1,740 1,708 Comimercial banks 61 1,700 1,714 439 -5,809 -1,085 1,752 683 5,241 8,157 Memo: IBRD 76 333 2,524 371 107 -123 321 -359 -316 26 IDA 0 0 0 0 0 0 0 0 0 0 384 MEXICO (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 INTEREST PAYMENTS (LINT) 283 4,579 5,799 5,844 5,835 6,535 8,053 8,338 8,442 10,174 Public and publicly guaranteed 216 3,879 5,217 5,012 4,689 5,177 6,329 6,424 6,290 6,925 Official creditors 60 314 1,377 1,886 1,912 1,986 2,659 2,526 1,659 1,521 Multilateral 39 236 1,004 1,175 1,195 1,231 1,291 1,314 1,167 1,148 Concessional 2 7 2 2 1 1 1 1 0 0 Bilateral 21 78 373 711 717 755 1,368 1,212 492 373 Concessional 4 5 8 47 47 49 67 55 50 43 Private creditors 156 3,566 3,841 3,125 2,776 3,190 3,670 3,898 4,631 5,405 Bonds 27 252 1,112 2,527 2,206 2,611 2,906 3,240 3,988 4,826 Commercial banks 106 3,261 2,198 266 293 331 436 378 386 380 Other private 24 52 531 333 277 249 328 280 256 198 Private nonguaranteed 67 700 582 832 1,146 1,358 1,723 1,914 2,152 3,249 Bonds 0 0 0 64 353 826 1,054 1,096 1,251 1,494 Commercial banks 67 700 582 768 793 533 670 818 901 1,755 Memo: IBRD 31 166 751 892 905 924 961 962 791 767 IDA 0 0 0 0 0 0 0 0 0 0 NET TRANSFERS ON DEBT 75 2,238 3,428 -5,758 -3,266 -1,904 8,192 -3,903 -8,087 1,253 Public and publicly guaranteed 81 1,238 2,146 -7,981 -2,146 -3,068 7,930 -3,777 -12,916 .5,363 Official creditors 82 478 2,794 -1,269 -1,910 -2,567 7,694 -10,099 -6,195 -2,313 Multilateral 90 261 1,609 -682 -986 -1,372 -336 -913 -1,247 -834 Concessional 35 -16 -15 -11 -10 -8 -8 -6 -5 -3 Bilateral -9 216 1,185 -587 -924 -1,196 8,029 -9,186 -4,948 -1,479 Concessional -4 0 627 87 44 63 -152 68 -85 -103 Private creditors -1 760 -648 -6,711 -236 -501 237 6,322 -6,721 -3,050 Bonds -42 -140 -601 -5,962 902 1,364 618 7,092 -5,255 -4,106 Conumercial banks 60 919 169 34 -435 -572 -363 -306 -829 1,897 Other private -18 -19 -217 -783 -703 -1,293 -19 -465 -637 -841 Private nonguaranteed -6 1,000 1,282 2,223 -1,119 1,164 261 -126 4,829 6,616 Bonds 0 0 150 2,552 5,482 2,782 -821 9 489 214 Comimercial banks -6 1,000 1,132 -329 -6,602 -1,618 1,082 -136 4,340 6,402 Memo: IBRD 45 167 1,773 -522 -797 -1,046 -641 -1,321 -1,107 -741 IDA 0 0 0 0 0 0 0 0 0 0 DEBT SERVICE (LTDS) 1,299 9,335 8,617 18,190 20,711 18,033 22,586 35,357 37,320 25,663 Public and publicly guaranteed 691 7,885 7,839 15,300 10,581 11,758 15,469 26,732 28,285 18,549 Official creditors 147 596 2,659 4,156 4,685 4,685 5,730 12,588 7,977 4,517 Multilateral 70 373 2,038 2,431 2,470 2,653 3,004 3,026 2,791 2,750 Concessional 2 18 15 11 10 8 8 6 5 3 Bilateral 77 223 622 1,725 2,215 2,032 2,726 9,561 5,186 1,767 Concessional 14 16 9 78 134 62 159 136 124 119 Private creditors 544 7,289 5,180 11,143 5,897 7,074 9,739 14,145 20,307 14,032 Bonds 42 376 1,576 7,118 2,856 3,724 6,440 11,359 18,051 11,799 Commercial banks 372 6,706 2,383 1,992 1,028 1,072 2,062 1,377 1,055 1,021 Other private 130 208 1,221 2,033 2,013 2,278 1,237 1,408 1,202 1,212 Private nonguaranteed 609 1,450 778 2,890 10,129 6,275 7,117 8,624 9,035 7,115 Bonds 0 0 0 214 378 876 1,664 2,424 3,201 4,784 Commercial banks 609 1,450 778 2,676 9,751 5,399 5,453 6,201 5,834 2,330 Memo: IBRD 54 255 1,553 1,874 1,895 1,989 2,372 2,372 2,102 2,024 IDA 0 0 0 0 0 0 0 0 0 0 UNDISBURSED DEBT 556 4,817 8,110 11,585 13,975 15,941 15,568 14,941 14,360 14,180 Official creditors 438 2,976 5,136 7,873 6,889 8,334 8,669 6,135 5,937 5,692 Private cre-ditors 118 1,841 2,974 3,712 7,086 7,607 6,899 8,806 8,423 8,488 Memorandum items Concessional LDOD 196 313 883 1,143 1,311 1,564 1,473 1,472 1,314 1,358 Variable rate LDOD 2,951 31,271 40,382 39,564 45,816 49,267 64,415 61,926 56,631 68,947 Public sector LDOD 3,165 33,249 75,595 70,650 74,674 79,079 94,738 93,665 84,183 87,829 Private sector LDOD 2,801 7,966 6,214 11,180 16,019 17,942 19,018 20,744 27,525 36,255 6. CUiRRENC'n. CONW'OSFTION OF LONG-TERM DEBTr iPERCENTi Deutsche mark 11.2 4.3 3.7 4.1 3.7 3.7 3.0 3.4 4.7 4.7 French franc 7.7 1.2 3.8 3.6 3.1 3.1 2.7 2.4 2.3 2.2 Japanese yen 0.5 1.4 6.4 8.2 8.8 9.1 8.2 8.3 8.6 8.2 Pound sterling 1.1 0.5 1.4 1.2 0.9 0.9 0.7 0.7 1.3 1.0 Swiss franc 3.4 2.0 0.6 0.4 0.4 0.4 0.4 0.3 0.3 0.3 U.S.dollars 51.3 78.7 64.3 59.3 60.7 60.5 65.7 67.0 64.3 75.4 Multiple currency 21.9 9.9 18.6 21.6 20.9 20.8 18.1 16.5 15.8 4.6 Special drawing rights 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 All other currencies 2.9 2.0 1.2 1.6 1.5 1.5 1.2 1.4 2.7 3.6 385 MEXICO (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 7. DEBT RESTRL'CTURINGS Total amount rescheduled 36,950 327 0 0 0 0 0 0 Debt stock rescheduled 36,160 0 0 0 0 0 0 0 Principal rescheduled 570 234 0 0 0 0 0 0 Official .. 382 168 0 0 0 0 0 0 Private 188 67 0 0 0 0 0 0 Interest rescheduled 204 76 0 0 0 0 0 0 Official 132 44 0 0 0 0 0 0 Private 72 31 0 0 0 0 0 0 Debt forgiven 0 0 0 0 0 0 0 0 Memo: interest forgiven 0 0 0 0 0 0 0 0 Debt stock reduction .. 8,145 7,426 830 267 306 3,181 0 0 of which debt buyback 0 5,086 498 51 13 2,420 0 0 8. DEBT STOCK-FLOW~'RECONCILL'TION Total change in debt stocks 10,605 -1,750 19,425 8,468 26,681 -9,128 -8,454 10,657 Net flows on debt 1,360 14,822 17,641 2,197 13,116 6,492 26,366 -4,850 -4,646 9,363 Net change in interest arrears ...0 0 0 0 0 0 0 0 Interest capitalized ... 204 76 0 0 0 0 0 0 Debt forgiveness or reduction ... -8,145 -2,340 -332 -216 -293 -761 0 0 Cross-currency valuation... 2,002 -1,140 327 2,219 449 -2,479 -2,838 1,592 Residual ... -1,096 -543 6,314 -27 159 -1,038 -970 -298 9. A%VERA%GE TERM'%S OF NEW COMIMITMENTS ALL CREDITORS Interest (%) 8.1 11.3 8.6 7.3 6.7 5.7 8.0 7.8 7.3 6.8 Maturity (years) 11.5 9.8 13.5 11.0 10.3 8.8 7.0 8.1 9.9 8.1 Grace period (years) 3.4 4.3 5.3 3.4 3.8 3.7 2.7 6.5 6.9 5.1 Grant element (%) 9.8 -5.7 7.3 9.8 13.1 15.8 6.6 6.1 11.9 11.1 Official creditors Interest (%) 6.7 8.0 7.8 7.4 6.9 7.0 9.1 6.9 7.2 6.4 Maturity (years) 18.4 15.3 15.5 15.2 11.9 14.5 9.2 14.2 14.5 14.1 Grace period (years) 4.0 3.3 4.5 3.9 3.4 4.3 2.8 4.1 4.4 3.5 Grant element (%) 19.4 10.0 12.2 13.0 14.6 15.9 5.5 16.0 14.6 17.9 Private creditors Interest (%) 8.9 12.6 9.4 7.2 6.7 5.2 6.2 7.8 7.3 6.9 Maturity (years) 7.1 7.7 11.6 7.8 10.0 6.1 3.6 7.9 9.2 6.8 Grace period (years) 3.1 4.7 6.1 2.9 3.8 3.4 2.5 6.6 7.3 5.4 Grant element (%) 3.6 -12.0 2.9 7.4 12.8 15.7 8.4 5.7 11.5 9.8 Memorandum items Commitments 857 7,628 12,481 7,620 11,672 10,852 24,580 23,914 15,254 13,846 Official creditors 337 2,183 5,914 3,328 2,047 3,527 15,131 938 1,903 2,339 Private creditors 520 5,445 6,567 4,292 9,625 7,325 9,450 22,976 13,352 11,506 10. CONTRACTUAL OBLIGArIONS ON OUTSrAN-DING LONG-TERM DEBT 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 TOTAL Disbursements 9,862 2,301 1,063 541 188 113 60 24 11 5 Principal 22,501 19,728 10,690 13,427 8,690 8,816 4,429 3,920 6,375 4,331 Interest 7,632 6,710 5,824 5,457 4,834 4,177 3,626 3,309 3,079 2,667 Official creditors Disbursements 2,264 1,595 928 509 183 113 60 24 1 1 5 Principal 3,825 3,453 3,061 2,765 2,409 2,293 2,115 2,014 1,586 1,258 Interest 1,775 1,600 1,404 1,215 1,040 876 719 570 431 326 Bilateral creditors Disbursements 762 390 114 60 23 15 0 0 0 0 Principal 1,961 1,476 1,116 757 521 442 297 227 96 53 Interest 440 322 220 143 101 70 44 28 16 1 1 Multilateral creditors Disbursements 1,502 1,205 814 449 160 98 60 24 1 1 5 Principal 1,864 1,977 1,945 2,008 1,888 1,852 1,818 1,787 1,490 1,205 Interest 1,335 1,278 1,184 1,071 939 807 674 542 416 314 Private creditors Disbursements 7,598 706 135 33 4 0 0 0 0 0 Principal 18,676 16,274 7,629 10,663 6,282 6,523 2,314 1,906 4,789 3,073 Interest 5,857 5,111 4,420 4,242 3,794 3,301 2,908 2,739 2,647 2,342 Commercial banks Disbursements 201 88 23 3 0 0 0 0 0 0 Principal 878 3,995 777 655 585 585 401 316 88 0 Interest 498 379 210 160 118 80 44 2 1 5 0 Other private Disbursements 7,397 618 112 30 4 0 0 0 0 0 Principal 17,799 12,279 6,852 10,008 5,697 5,938 1,913 1,589 4,701 3,073 Interest 5,359 4,732 4,210 4,082 3,676 3,221 2,864 2,718 2,643 2,342 386 MOLDOVA (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 1. SLIMMARY DEBT DATA TOTAL DEBT STOCKS (EDT) 39 278 499 686 829 1,037 1,035 Long-term debt (LDOD) 39 190 326 450 555 783 816 Public and publicly guaranteed 39 190 326 450 555 783 808 Private nonguaranteed 0 0 0 0 0 0 8 Use of IMF credit 0 87 164 230 248 233 177 Short-term debt 0 1 8 6 27 21 42 of which interest arrears on LDOD 0 1 7 5 1 0 14 Official creditors 0 1 7 5 1 0 5 Private creditors 0 0 0 0 0 0 9 Memo: principal arrears on LDOD 0 5 18 42 0 1 5 59 Official creditors ..0 5 18 42 0 15 32 Private creditors 0 0 0 0 0 0 28 Memo: export credits 0 0 0 8 50 54 30 TOTAL DEBT FLOWS Disbursements -.35 154 205 223 189 328 61 Long-term debt 35 66 134 159 156 307 6 1 IMF purchases 0 88 71 64 33 2 1 0 Principal repayments 5 1 5 39 45 69 123 Long-term debt 5 1 5 39 38 49 59 IMFrepurchases 0 0 0 0 7 20 64 Net flows on debt 30 153 201 184 168 254 -55 of which short-term debt 0 0 1 0 25 -5 7 Interest payments (INT) 0 1 9 30 36 5 1 44 Long-term debt .. . . 0 0 4 20 24 3 8 32 IMFcharges ... .0 1 5 10 1 0 1 1 1 0 Short-term debt ... .0 0 0 0 1 1 1 Net transfers on debt .. . . 30 152 192 154 133 204 -99 Total debt service paid (TDS) .. . . 5 2 14 69 81 119 166 Long-termn debt ... .5 1 9 59 62 87 91 IMErepurchases and charges .. . . 0 1 5 10 1 8 3 1 74 Short-term debt (interest only) ... .0 0 0 0 1 1 1 2.AGGREGATE NET RESOUIRCE FLOWS AND NET TRANSFERSS iLONG-TERM) NET RESOURCE FLOWS .. . . 31 83 173 152 152 337 100 Net flow of long-term debt (ex.I) .. .. . 30 65 129 119 118 259 3 Foreign direct investmnent (net) ... .0 0 12 23 24 72 85 Portfolio equity flows ... .0 0 0 0 0 0 0 Grants (excluding technical coop.) I.. . 1 8 32 10 1 0 7 1 3 Memo: technical coop. grants ... .0 0 1 20 25 1 5 16 official net resource flows .. .. 3 1 83 161 110 48 5 8 39 private net resource flows ... .0 0 12 43 104 279 62 NET TRANSFERS -. . . 31 83 170 132 126 296 63 Interest on long-term debt ... .0 0 4 20 24 38 32 Profit remittances on FDI . .. 0 0 0 0 2 3 5 Memo: official net transfers .3 1 83 158 90 25 39 20 private net transfers ..0 0 12 43 101 258 43 3. NMAJOR ECONOMI.C AGGREGATES Gross national product (GNP) ... . 2,822 4,463 2,685 3,031 1,749 1,989 1,655 Exports of goods & services (XGS) ... .. . 662 899 1,039 1,157 897 of which workers remiittances ... .. .1 3 1 3 Imports of goods & services (MGS) ... .. . 777 1,049 1,297 1,500 1,326 Intemnational reserves (RES) ..2 76 180 257 312 366 144 Current account balance ... . -82 -95 -188 -268 -334 4. DEBT INDICATORS EDT /XGS (%) .. . . . . 75.3 76.2 79.8 89.6 115.3 EDT /GNP (%) .. . . 1.4 6.2 18.6 22.6 47.4 52.2 62.5 TDS /XGS (%) ... .. . 2.1 7.7 7.8 10.3 18.5 INT /XGS (%) ... .. .1.3 3.3 3.4 4.4 4.9 IINT /GNP (%) ... . 0.0 0.0 0.3 1.0 2.0 2.5 2.6 RES /EDT (%) .. . . 6.4 27.5 36.1 37.5 37.6 35.3 13.9 RES / MGS (months) ... .. . 2.8 2.9 2.9 2.9 1.3 Short-term/ EDT (%) ... . 0.0 0.3 1.6 0.9 3.2 2.1 4.0 Concessional /EDT (% . . . 25.7 6.9 15.6 23.4 20.0 18.3 19.0 Multilateral /EDT (%) ... . 59.5 20.2 32.6 31.6 30.5 27.8 32.8 387 MOLDOVA (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 5. LONG-TERNI DEBT DEBT OUTSTANDING (LDOD) 39 190 326 450 555 783 816 Public and publicly guaranteed 39 190 326 450 555 783 808 Official creditors 39 190 326 430 456 480 530 Multilateral 23 56 163 217 253 289 339 Concessional 0 0 31 59 56 84 91 Bilateral 16 134 164 214 203 191 190 Concessional 10 19 47 101 109 106 106 Private creditors 0 0 0 19 99 303 279 Bonds 0 0 0 0 0 75 75 Commercial banks 0 0 0 4 84 78 54 Other private 0 0 0 1 5 1 5 150 150 Private nonguaranteed 0 0 0 0 0 0 8 Bonds 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 8 Memo: IBRD 0 28 99 152 142 135 169 IDA 0 0 0 0 0 35 38 DISBURSEMENTS 35 66 134 159 156 307 61 Public and publicly guaranteed 35 66 134 159 156 307 58 Official creditors 35 66 134 139 75 68 47 Multilateral 25 36 99 81 52 60 33 Concessional 0 0 30 26 0 35 2 Bilateral 11 30 35 58 23 8 14 Concessional 10 9 28 58 13 0 10 Private creditors 0 0 0 19 81 240 11 Bonds 0 0 0 0 0 75 0 Comimercial banks 0 0 0 4 81 22 11 Other private 0 0 0 15 0 143 0 Private nonguaranteed 0 0 0 0 0 0 3 Bonds 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 3 Memo: IBRD 0 29 67 50 0 5 27 IDA 0 0 0 0 0 35 2 PRINCIPAL REPAYMENTS 5 1 5 39 38 49 59 Public and publicly guaranteed 5 1 5 39 38 49 58 Official creditors 5 1 5 39 37 16 21 Multilateral 0 0 0 35 1 1 3 Concessional 0 0 0 0 0 0 0 Bilateral 5 1 5 4 36 15 19 Concessional 0 0 0 0 0 0 13 Private creditors 0 0 0 0 1 33 36 Bonds 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 1 25 36 Other private 0 0 0 0 0 8 0 Private nonguaranteed 0 0 0 0 0 0 1 Bonds 0 0 0 0 0 0 0 Conmmercial banks 0 0 0 0 0 0 1 Memo: IBRD 0 0 0 0 0 0 1 IDA 0 0 0 0 0 0 0 NET FLOWS ON DEBT 30 65 129 119 118 259 3 Public and publicly guaranteed 30 65 129 119 118 259 0 Official creditors 30 65 129 100 38 52 26 Multilateral 25 36 99 46 51 59 30 Concessional 0 0 30 26 0 35 2 Bilateral 6 30 30 54 -13 -7 -5 Concessional 10 9 28 58 13 0 -3 Private creditors 0 0 0 19 80 207 -25 Bonds 0 0 0 0 0 75 0 Commercial banks 0 0 0 4 80 -3 -25 Other private 0 0 0 15 0 135 0 Private nonguaranteed 0 0 0 0 0 0 2 Bonds 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 2 Memo: IBRD 0 29 67 50 0 5 26 IDA 0 0 0 0 0 35 2 388 MOLDOVA (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 INTEREST PAYMENTS (LINT) 0 0 4 20 24 38 32 Public and publicly guaranteed 0 0 4 20 24 38 32 Official creditors 0 0 4 20 23 20 18 Multilateral 0 0 4 12 15 13 14 Concessional 0 0 0 2 3 2 3 Bilateral 0 0 0 8 8 6 4 Concessional 0 0 0 2 2 3 3 Private creditors 0 0 0 0 1 19 14 Bonds 0 0 0 0 0 4 7 Commercial banks 0 0 0 0 1 6 3 Other private ..0 0 0 0 1 9 3 Private nonguaranteed 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 Comimercial banks 0 0 0 0 0 0 0 Memo: IBRD ..0 0 4 8 10 9 9 IDA 0 0 0 0 0 0 0 NET TRANSFERS ON DEBT 30 65 125 99 94 220 -30 Public and publicly guaranteed 30 65 125 99 94 220 -32 Official creditors ..30 65 125 80 15 32 7 Multilateral 25 36 95 34 36 45 16 Concessional 0 0 30 24 -3 33 0 Bilateral ..6 30 30 46 -21 -13 -8 Concessional 10 9 28 56 11 -3 -6 Private creditors 0 0 0 19 79 188 -39 Bonds ..0 0 0 0 0 71 -7 Commercial banks ..0 0 0 4 80 -10 -28 Other private 0 0 0 15 -1 126 -3 Private nonguaranteed 0 0 0 0 0 0 2 Bonds 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 2 Memo: IBRD 0 28 64 42 -10 -4 17 IDA 0 0 0 0 0 35 2 DEBT SERVICE (LTDS) 5 1 9 59 62 87 91 Public and publicly guaranteed 5 1 9 59 62 87 89 Official creditors 5 1 9 59 60 36 39 Multilateral 0 0 4 47 16 14 17 Concessional 0 0 0 2 3 2 3 Bilateral 5 1 5 12 44 21 23 Concessional 0 0 0 2 2 3 16 Private creditors 0 0 0 0 2 51 50 Bonds 0 0 0 0 0 4 7 Commercial banks ..0 0 0 0 1 31 39 Other private 0 0, 0 0 1 16 3 Private nonguaranteed ... .0 0 0 0 0 0 1 Bonds 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 1 Memo: IBRD 0 0 4 8 10 9 10 IDA ..0 0 0 0 0 0 0 UNDISBURSED DEBT . . 21 92 184 198 360 225 214 Official creditors 21 92 175 180 169 191 191 Private creditors 0 0 8 18 191 34 23 Memorandum items Concessional LDOD ... .10 19 78 160 166 190 196 Variable rate LDOD ... . 23 165 279 376 439 411 434 Public sector LDOD ... . 39 190 326 450 550 759 779 Private sector LDOD ... .0 0 0 0 4 24 38 6. CURRENCI'COMIPOSI-TION OF LONG- TER-M DEBT (PERCENT) Deutsche mark ... . 0.0 0.0 0.0 1.9 7.5 5.8 5.5 French franc ... . 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Japanese yen .. ... 0.0 0.0 0.0 8.4 6.0 3.8 3.2 Pound sterling ... . 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Swiss franc ... . 0.0 0.0 0.0 0.0 0.0 0.0 0.0 U.S.dollars ... . 40.5 23.2 22.8 22.8 47.2 64.6 62.0 Multiple currency ... . 0.0 14.8 30.3 33.9 25.5 17.3 20.6 Special drawing rights ... . 0.0 0.0 0.0 0.0 0.0 0.0 0.0 All other currencies ... . 59.5 62.0 46.9 33.0 13.8 8.5 8.7 389 MOLDOVA (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 7. DEBT REsTrRUCTURINGS Total amount rescheduled 0 89 0 0 119 0 0 Debt stock rescheduled ..0 0 0 0 0 0 0 Principal rescheduled ..0 0 0 0 112 0 0 Official 0 0 0 0 112 0 0 Private 0 0 0 0 0 0 0 Interest rescheduled 0 0 0 7 0 0 Official 0 0 0 0 7 0 0 Private 0 0 0 0 0 0 0 Debt forgiven 0 0 0 0 0 0 0 Memo: interest forgiven ...0 0 0 0 0 0 0 Debt stock reduction ..0 0 0 0 0 0 0 of which debt buyback 0 0 0 0 0 0 0 8. DEBTr STOCK-FLOW RECONCILLUTION Total change in debt stocks 239 221 187 143 208 -2 Net flows on debt ..30 153 201 184 168 254 -55 Net change in interest arrears ..1 6 -2 -4 0 14 Interest capitalized 0 0 0 7 0 0 Debt forgiveness or reduction 0 0 0 0 0 0 Cross-currency valuation ...... -63 -48 -12 -21 -29 18 Residual ...... 148 62 18 -6 -17 21 9. AV'ERAGE TERMS OF NEW CONIMI1T'IENTS ALL CREDITORS Interest (%) ... . 3.5 5.7 5.6 6.8 6.9 6.1 4.8 Maturity (years) ... . 8.0 15.7 16.9 12.0 8.5 18.0 17.9 Grace period (years) ... . 4.1 4.6 5.4 4.6 2.7 6.4 5.4 Grant element (%) ... . 24.4 21.1 27.6 16.1 12.2 30.2 34.9 Official creditors Interest (%) ... . 3.5 5.7 5.6 6.8 5.4 3.8 4.8 Maturity (years) ... . 8.0 15.7 17.1 13.3 16.9 26.6 17.9 Grace period (years) ... . 4.1 4.6 5.4 5.2 4.9 7.5 5.4 Grant element (%) ... . 24.4 21.1 28.2 17.8 27.8 48.9 34.9 Private creditors Interest (%) ... . 0.0 0.0 7.5 7.0 7.5 9.7 0.0 Maturity (years) ... . 0.0 0.0 10.0 5.4 5.3 4.7 0.0 Grace period (years) ... . 0.0 0.0 4.5 1.5 1.8 4.6 0.0 Grant element (%) ... . 0.0 0.0 11.4 7.8 6.3 0.7 0.0 Memorandum items Commitments ... . 47 137 223 167 359 214 59 Official creditors ... . 47 137 215 139 99 131 59 Private creditors ... .0 0 8 28 260 83 0 10. CON-TRACTUAL OBLIGATIONS ON4 OUTSTAN-DING LONG-TERMI DEBT 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 TOTAL Disbursements 91 74 21 14 8 4 2 1 0 0 Principal 113 102 83 152 80 52 38 34 31 32 Interest 49 47 42 34 25 21 18 15 13 1 1 Official creditors Disbursements 75 66 21 14 8 4 2 1 0 0 Principal 55 47 44 49 54 5 1 38 34 3 1 32 Interest 29 30 29 26 24 21 1 8 15 13 1 1 Bilateral creditors Disbursements 10 5 2 1 0 0 0 0 0 0 Principal 45 20 13 10 10 10 10 6 6 5 Interest 6 5 5 4 4 3 2 2 2 1 Multilateral creditors Disbursements 65 61 19 13 8 4 2 1 0 0 Principal 10 27 3 1 40 44 42 29 29 26 27 Interest 23 25 24 23 20 1 8 15 13 12 10 Private creditors Disbursements 16 7 0 0 0 0 0 0 0 0 Principal 58 55 39 103 27 1 0 0 0 0 Interest 21 17 13 7 1 0 0 0 0 0 Commercial banks Disbursements 16 7 0 0 0 0 0 0 0 0 Principal 25 22 12 1 1 1 0 0 0 0 Interest 4 2 1 0 0 0 0 0 0 0 Other private Disbursements 0 0 0 0 0 0 0 0 0 0 Principal 33 32 28 101 25 0 0 0 0 0 Interest 17 15 1 3 7 1 0 0 0 0 0 390 MONGOLIA (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 1. SUMMARY DEBT DATA~ TOTAL DEBT STOCKS (EDT) .. . . 350.2 383.9 461.3 524.5 531.5 608.5 738.8 Long-term debt (LDOD) .. . . 272.2 338.5 400.5 463.8 481.1 533.4 633.6 Public and publicly guaranteed .. . . 272.2 338.5 400.5 463.8 481.1 533.4 633.6 Private nonguaranteed ... . 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Use of IMF credit 0.0 0.0 0.0 18.9 31.6 55.3 47.0 43.6 47.6 48.3 Short-term debt .. . . 59.2 13.7 5.5 13.7 6.8 27.5 56.9 of which interest arrears on LDOD .. . . 1.7 1.6 2.5 2.5 2.5 2.5 2.5 Official creditors ... . 0.0 1.2 2.1 2.0 2.0 2.0 2.0 Private creditors ... . 1.6 0.4 0.4 0.5 0.5 0.5 0.5 Memo: principal arrears on LDOD .. . . 6.0 17.5 16.0 3.9 4.1 4.8 4.9 Official creditors ... . 0.8 1.9 13.5 0.0 0.0 0.0 0.0 Private creditors ... . 5.3 15.6 2.6 3.9 4.1 4.8 4.9 Memo: export credits .. . . 62.0 60.0 63.0 51.0 39.0 52.0 64.0 TOTAL DEBT FLOWS Disbursements .. . . 161.1 85.9 94.8 98.6 89.1 153.1 85.8 Long-term debt .. . . 157.6 72.9 73.5 98.6 81.0 145.5 85.8 EMF purchases 0.0 0.0 0.0 3.5 13.0 21.3 0.0 8.1 7.7 0.0 Principal repayments .. . . 56.1 14.8 33.7 41.6 44.1 54.1 25.9 Long-term debt .. . . 56.1 14.8 33.7 32.2 34.1 53.2 24.6 IMFrepurchases 0.0 0.0 0.0 0.0 0.0 0.0 9.5 10.0 0.9 1.3 Net flows on debt .. . . 162.4 25.8 51.8 65.2 38.1 119.8 89.3 of which short-termndebt .. . . 57.5 -45.3 -9.2 8.2 -6.9 20.7 29.4 Interest payments (INT) .. . . 11.5 9.7 9.9 10.1 8.8 12.4 8.9 Long-termndebt ... . 9.5 6.3 8.3 8.6 8.1 11.5 6.9 Ilvicharges 0.0 0.0 0.0 1.3 1.2 1.1 1.1 0.5 0.2 0.2 Short-termn debt ... . 0.7 2.3 0.5 0.4 0.2 0.6 1.7 Net transfers on debt .. . . 151.0 16.1 41.9 55.0 29.3 107.4 80.4 Total debt service paid (TDS) .. . . 67.6 24.5 43.6 51.8 52.9 66.4 34.8 Long-term debt .. . . 65.7 21.1 42.1 40.8 42.2 64.7 31.6 IMErepurchases and charges 0.0 0.0 0.0 1.3 1.2 1.1 10.6 10.5 1.1 1.5 Short-term debt (interest only) ... . 0.7 2.3 0.5 0.4 0.2 0.6 1.7 -2. AGGREG-ATE NE-TRESOUIRCE FLOWS AND NET TRANSFERS (LONG--TERM%i NET RESOURCE FLOWS .. . . 140.0 99.0 108.5 150.3 123.2 176.0 133.8 Net flow of long-term debt (ex. IMP .. . 101.4 58.1 39.8 66.4 46.9 92.3 61.2 Foreign direct investment (net) ... . 2.0 7.7 6.9 9.8 16.0 25.0 19.0 Portfolio equity flows ... . 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Grants (excluding technical coop.) .. . . 36.6 33.2 61.9 74.1 60.2 58.7 53.6 Memo: technical coop. grants .. . . 21.4 36.8 52.7 55.8 50.7 53.2 57.4 official net resource flows .. . . 111.6 101.6 123.3 154.2 127.4 162.2 127.2 private net resource flows ... . 28.4 -2.6 -14.8 -3.9 -4.2 13.8 6.6 NET TRANSFERS .. . . 130.5 92.7 100.2 141.7 115.1 164.5 126.9 Interest on long-term debt ... . 9.5 6.3 8.3 8.6 8.1 11.5 6.9 Profit remiittances on FDI .. . . 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: official net transfers ..110.9 100.3 120.1 149.5 122.2 153.1 121.7 private net transfers ..19.6 -7.6 -19.9 -7.8 -7.1 11.4 5.2 3. MLAJOR ECONONIC AGGREGATES Gross national product (GNP) ... . .. 521.9 659.6 943.8 1,054.6 907.6 989.0 Exports of goods &services (XGS) .. . . 390.8 392.6 415.6 511.3 492.5 627.3 555.8 of whiich workers rermittances ... . 0.0 0.0 ......5.5 Imports of goods & services (MGS) .. . . 481.7 432.4 447.0 549.5 599.2 576.3 680.7 Intemnational reserves (RES) ..22.8 66.0 94.2 157.5 161.0 200.4 103.2 Cuffent account balance ..-55.7 31.1 46.4 38.9 -36.9 102.9 -74.7 4. DEBT INDICATORS EDT /XGS(% .. . 89.6 97.8 111.0 102.6 107.9 97.0 132.9 EDT /GNP(% ... . . 73.6 69.9 55.6 50.4 67.1 74.7 TDS / XGS (% . . . 17.3 6.2 10.5 10.1 10.7 10.6 6.3 ]INT /XGS(% .. . 2.9 2.5 2.4 2.0 1.8 2.0 1.6 INT /GNP(% ...... 1.9 1.5 1.1 0.8 1.4 0.9 RES / EDT (% . . . 6.5 17.2 20.4 30.0 30.3 32.9 14.0 RES /MGS (months) .. . . 0.6 1.8 2.5 3.4 3.2 4.2 1.8 Short-termn/ EDT (%) .. . . 16.9 3.6 1.2 2.6 1.3 4.5 7.7 Concessional / EDT (% . . . 43.0 51.2 56.5 65.9 74.3 79.4 81.3 Multilateral /EDT (%) .. . . 16.1 18.6 24.5 32.4 38.4 47.5 48.6 391 MONGOLIA (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 S. LONG-TERM DEBT DEBT OUTSTANDING (LDOD) .. . . 272.2 338.5 400.5 463.8 481.1 533.4 633.6 Public and publicly guaranteed .. . . 272.2 338.5 400.5 463.8 481.1 533.4 633.6 Official creditors .. . . 163.0 235.2 311.3 385.9 428.5 496.1 607.9 Multilateral ... . 56.4 71.5 113.1 169.9 204.3 289.2 358.7 Concessional .. . . 53.4 68.5 113.1 169.9 204.3 289.2 358.7 Bilateral .. . . 106.6 163.7 198.2 216.0 224.3 206.9 249.2 Concessional .. . . 97.0 128.0 147.5 175.5 190.7 194.1 242.0 Private creditors ... . 109.2 103.3 89.2 78.0 52.5 37.3 25.7 Bonds ... . 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commnercial banks .. . . 19.7 19.6 19.6 14.6 10.3 6.0 2.4 Other private .. . . 89.6 83.7 69.7 63.4 42.2 31.3 23.3 Private nonguaranteed .. . . 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds ... . 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks .. . . 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 0.0 0.0 0.0 27.4 30.1 49.2 58.7 67.6 97.1 118.0 DISBURSEMENTS .. . . 157.6 72.9 73.5 98.6 81.0 145.5 85.8 Public and publicly guaranteed .. . . 157.6 72.9 73.5 98.6 81.0 145.5 85.8 Official creditors .. . . 75.0 72.9 70.9 93.0 81.0 139.5 83.3 Multilateral ... . 44.3 14.7 38.9 58.3 45.1 102.8 50.7 Concessional .. . . 43.4 14.7 38.9 58.3 45.1 102.8 50.7 Bilateral ... . 30.7 58.2 32.0 34.8 36.0 36.7 32.7 Concessional .. . . 21.2 27.5 10.6 31.2 34.5 25.9 32.7 Private creditors ... . 82.5 0.0 2.6 5.6 0.0 6.0 2.5 Bonds ... . 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks .. . . 58.2 0.0 1.7 0.1 0.0 0.0 0.4 Other private ... . 24.3 0.0 0.9 5.5 0.0 6.0 2.1 Private nonguaranteed .. . . 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds ... . 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks .. . . 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 0.0 0.0 0.0 27.4 3.4 17.4 8.4 11.0 33.8 16.7 PRINCIPAL REPAYMENTS .. . . 56.1 14.8 33.7 32.2 34.1 53.2 24.6 Public and publicly guaranteed .. . . 56.1 14.8 33.7 32.2 34.1 53.2 24.6 Official creditors ... . 0.0 4.5 9.5 12.9 13.9 36.0 9.8 Multilateral ... . 0.0 0.0 3.0 0.0 0.0 0.0 0.0 Concessional ... . 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bilateral ... . 0.0 4.5 6.5 12.9 13.9 36.0 9.8 Concessional ... . 0.0 0.0 0.0 0.1 4.5 4.5 4.1 Private creditors ... . 56.1 10.3 24.2 19.2 20.2 17.2 14.9 Bonds ... . 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks .. . . 40.2 0.0 2.0 5.2 4.1 4.3 4.1 Other private ... . 15.9 10.3 22.2 14.0 16.1 12.9 10.8 Private nonguaranteed .. . . 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds ... . 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commnercial banks .. . . 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 NET FLOWS ON DEBT .. . . 101.4 58.1 39.8 66.4 46.9 92.3 61.2 Public and publicly guaranteed .. . . 101.4 58.1 39.8 66.4 46.9 92.3 61.2 Official creditors .. . . 75.0 68.4 61.4 80.1 67.2 103.5 73.6 Multilateral ... . 44.3 14.7 35.9 58.3 45.1 102.8 50.7 Concessional .. . . 43.4 14.7 38.9 58.3 45.1 102.8 50.7 Bilateral ... . 30.7 53.7 25.5 21.8 22.1 0.7 22.9 Concessional .. . . 21.2 27.5 10.6 31.0 30.0 21.4 28.6 Private creditors ... . 26.4 -10.3 -21.7 -13.7 -20.2 -11.2 -12.4 Bonds ... . 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks ... . 18.0 0.0 -0.3 -5.2 -4.1 -4.3 -3.7 Other private ... . 8.4 -10.3 -21.4 -8.5 -16.1 -6.9 -8.7 Private nonguaranteed .. . . 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds ... . 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commnercial banks .. . . 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 0.0 0.0 0.0 27.4 3.4 17.4 8.4 11.0 33.8 16.7 392 MONGOLIA (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 INTEREST PAYMENTS (LINT) .. . . 9.5 6.3 8.3 8.6 8.1 11.5 6.9 Public and publicly guaranteed ... . 9.5 6.3 8.3 8.6 8.1 11.5 6.9 Official creditors ... . 0.7 1.3 3.2 4.7 5.2 9.1 5.5 Multilateral ... . 0.3 0.5 1.0 1.1 1.6 2.0 2.7 Concessional ... . 0.2 0.5 0.8 1.1 1.6 2.0 2.7 Bilateral ... . 0.3 0.8 2.2 3.5 3.6 7.1 2.8 Concessional ... . 0.3 0.6 0.8 2.1 2.1 5.7 2.2 Private creditors ... . 8.8 5.0 5.1 3.9 2.9 2.4 1.4 Bonds ... . 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks ... . 4.7 0.6 1.4 1.0 0.4 0.5 0.2 Other private ... . 4.1 4.4 3.7 3.0 2.4 1.9 1.2 Private nonguaranteed ... . 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds ... . 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Comimercial banks ... . 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 0.0 0.0 0.0 0.1 0.2 0.3 0.4 0.5 0.5 0.7 NET TRANSFERS ON DEBT .. . . 91.9 51.8 31.5 57.8 38.8 80.8 54.3 Public and publicly guaranteed .. . . 91.9 51.8 31.5 57.8 38.8 80.8 54.3 Official creditors ... . 74.4 67.1 58.2 75.4 62.0 94.4 68.1 Multilateral ... . 44.0 14.2 34.9 57.1 43.5 100.8 48.0 Concessional ... . 43.2 14.2 38.1 57.1 43.5 100.8 48.0 Bilateral ... . 30.4 53.0 23.3 18.3 18.5 -6.4 20.1 Concessional ... . 20.9 26.9 9.7 29.0 28.0 15.8 26.4 Private creditors ... . 17.5 -15.3 -26.8 -17.6 -23.1 -13.6 -13.8 Bonds ... . 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks ... . 13.3 -0.6 -1.7 -6.2 -4.6 -4.8 -3.8 Other private ... . 4.2 -14.7 -25.1 -11.4 -18.5 -8.8 -10.0 Private nonguaranteed .. . . 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds ... . 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks ... . 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 0.0 0.0 0.0 27.3 3.2 17.1 8.0 10.5 33.3 16.0 DEBT SERVICE (LTDS) .. . . 65.7 21.1 42.1 40.8 42.2 64.7 31.6 Public and publicly guaranteed .. . . 65.7 21.1 42.1 40.8 42.2 64.7 31.6 Official creditors ... . 0.7 5.8 12.7 17.6 19.1 45.1 15.2 Multilateral ... . 0.3 0.5 4.0 1.1 1.6 2.0 2.7 Concessional ... . 0.2 0.5 0.8 1.1 1.6 2.0 2.7 Bilateral ... . 0.3 5.3 8.7 16.5 17.5 43.1 12.5 Concessional ... . 0.3 0.6 0.8 2.2 6.6 10.2 6.3 Private creditors ... . 65.0 15.3 29.3 23.2 23.1 19.6 16.3 Bonds ... . 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commnercial banks ... . 44.9 0.6 3.4 6.2 4.6 4.8 4.3 Other private ... . 20.1 14.7 25.9 17.0 18.5 14.8 12.0 Private nonguaranteed ... . 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds ... . 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commnercial banks ... . 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 0.0 0.0 0.0 0.1 0.2 0.3 0.4 0.5 0.5 0.7 UNDISBURSED DEBT .. . . 111.6 195.1 206A 354.3 313.3 322.6 349.0 Official creditors ... . 96.4 178.1 191.9 345.4 304.3 319.2 348.1 Private creditors ... . 15.3 17.0 14.5 8.9 8.9 3.4 0.9 Memorandum items Concessional LDOD .. . . 150.4 196.5 260.5 345.3 395.0 483.3 600.8 Variable rate LDOD ... . 35.0 30.6 16.0 12.0 8.0 4.0 0.5 Public sector LDOD .. . . 255.9 323.0 384.5 442.0 463.9 514.6 614.7 Private sector LDOD ... . 16.3 15.5 16.0 21.9 17.2 18.8 18.9 6. CURRENCY CONMPOSITION OF LONG-TERM DEBT (PERCENTI Deutsche mark ... . 3.2 3.4 3.9 5.2 5.4 5.9 5.9 French franc ... . 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Japanese yen ... . 30.9 32.9 29.1 26.9 26.0 19.7 22.0 Pound sterling ... . 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Swiss franc ... . 3.3 2.6 2.7 2.3 1.7 1.0 0.8 U.S.dollars ... . 48.7 46.0 44.9 38.5 34.8 34.9 31.5 Multipleceurrency ... . 9.6 11.9 16.3 24.3 29.6 34.3 35.5 Special drawing rights ... . 0.0 0.0 0.0 0.0 0.4 1.8 2.4 All other currencies ... . 4.3 3.2 3.1 2.8 2.1 2.4 1.9 393 MONGOLIA, (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 7. DEBT RESTRUCTL1 RUNGS Total amount rescheduled ... . 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Debt stock rescheduled ... . 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal rescheduled ... . 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Official ... . 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private ... . 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Interest rescheduled .. ... 0.0 0.0 0.0 0.0 0.0 0.0 Official ... . 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private ... . 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Debt forgiven ... . 0.0 0.1 0.0 0.0 0.0 0.8 0.0 Memo: interest forgiven ... . 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Debt stock reduction ... . 0.0 0.0 0.0 0.0 0.0 0.0 0.0 of which debt buyback ... . 0.0 0.0 0.0 0.0 0.0 0.0 0.0 S. DEBT STOCK-FLOW~RECONCI LIATION Total change in debt stocks ...... 33.6 77.4 63.3 7.0 77.0 130.4 Net flows on debt ... . 162.4 25.8 51.8 65.2 38.1 119.8 89.3 Net change in interest arrears ...... -0. 1 0.9 0.0 0.0 0.0 0.0 Interest capitalized ...... 0.0 0.0 0.0 0.0 0.0 0.0 Debt forgiveness or reduction ...... -0. 1 0.0 0.0 0.0 -0.8 0.0 Cross-currency valuation ...... 11.2 18.5 0.9 -18.3 -17.5 21.5 Residual ...... -3.2 6.1 -2.8 -12.9 -24.4 19.5 9. AVER.AGE TERMS OF NEFW CONUINITMENTS ALL CREDITORS Interest (%) ... . 4.9 1.1 0.8 2.2 1.1 2.6 2.0 Maturity (years) ... . 8.3 34.9 38.7 35.3 33.5 36.8 39.8 Grace period (years) ... . 2.8 9.8 10.7 10.1 8.4 10.0 10.0 Grant element (%) ... . 21.6 75.3 80.2 65.4 71.5 62.9 69.7 Official creditors Interest (%) ... . 2.5 1.0 0.8 2.2 1.1 2.6 2.0 Maturity (years) ... . 10.5 35.2 38.7 35.3 33.5 36.9 39.8 Grace period (years) ... . 3.2 9.9 10.7 10.1 8.4 10.0 10.0 Grant element (%) ... . 31.6 75.7 80.2 65.4 71.5 63.0 69.7 Private creditors Interest (%) ... . 7.6 3.4 0.0 0.0 0.0 2.5 0.0 Maturity (years) ... . 5.9 14.5 0.0 0.0 0.0 3.7 0.0 Grace period (years) ... . 2.4 3.0 0.0 0.0 0.0 1.3 0.0 Grant element (%) ... . 10.4 35.4 0.0 0.0 0.0 15.6 0.0 Memorandum items Commitments ... . 171.9 157.0 77.7 250.1 58.4 177.0 91.0 Official creditors ... . 90.7 155.2 77.7 250.1 58.4 176.5 91.0 Private creditors ... . 81.1 1.8 0.0 0.0 0.0 0.4 0.0 10. CONTRACTUAL OBLIGATIONS ON OUITSTANDING LONG-TERN! DEBT 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 TOTAL Disbursements 115.0 97.1 58.9 35.5 21.0 13.1 6.0 1.7 0.8 0.0 Principal 12.2 12.7 10.7 14.6 15.9 17.0 21.9 25.4 28.2 31.3 Interest 9.1 9.8 10.0 10.1 9.9 9.7 10.5 12.7 13.4 12.9 Official creditors Disbursements 114.1 97.1 58.9 35.5 21.0 13.1 6.0 1.7 0.8 0.0 Principal 8.3 8.9 6.9 10.9 12.3 15.2 21.0 25.3 28.1 31.3 Interest 8.1 9.0 9.4 9.6 9.6 9.5 10.5 12.7 13.4 12.9 Bilateral creditors Disbursements 58.0 48.6 30.4 17.3 8.9 5.5 1.9 0.2 0.0 0.0 Principal 8.3 8.9 6.9 9.5 10.6 11.5 14.9 16.5 15.5 17.3 Interest 3.9 4.5 4.7 4.9 4.9 4.8 4.7 4.5 4.2 4.0 Multilateral creditors Disbursements 56.1 48.4 28.5 18.2 12.1 7.6 4.1 1.5 0.8 0.0 Principal 0.0 0.0 0.0 1.4 1.7 3.8 6.1 8.8 12.6 14.0 Interest 4.3 4.5 4.7 4.7 4.7 4.7 5.8 8.3 9.2 8.9 Private creditors Disbursements 0.9 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal 3.8 3.8 3.7 3.6 3.6 1.8 0.9 0.1 0.1 0.0 Interest 1.0 0.8 0.6 0.5 0.3 0.1 0.0 0.0 0.0 0.0 Comimercial banks Disbursemnents 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal 0.3 0.3 0.2 0.1 0.1 0.1 0.1 0.1 0.1 0.0 Interest 0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Other private Disbursements 0.9 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal 3.5 3.5 3.5 3.5 3.5 1.6 0.8 0.0 0.0 0.0 Interest 0.9 0.8 0.6 0.4 0.3 0.1 0.0 0.0 0.0 0.0 394 MOROCCO (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 1. SUN.1MARY DEBT DATA TOTAL DEBT STOCKS (EDT) 9,258 24,458 22,061 21,459 22,158 22,665 21,851 20,162 20,687 Long-term debt (LDOD) 886 8,024 23,301 21,234 20,860 21,788 22,416 21,526 19,931 20,571 Public and publicly guaranteed 871 7,874 23,101 21,030 20,680 21,530 22,085 21,134 18,978 19,325 Private nonguaranteed 15 150 200 204 179 259 331 392 952 1,247 Use of IMF credit 28 457 750 439 285 148 52 3 0 0 Short-term debt 778 407 388 315 222 198 322 231 116 of which interest ar-rears on LDOD ..3 182 99 100 94 92 138 113 116 Officialicreditors 3 182 99 100 91 92 137 113 115 Private creditors 0 0 0 0 3 0 0 0 1 Memo: principal arrears on LDOD 3 738 148 147 137 138 182 195 215 Official creditors 3 738 148 146 126 136 179 195 210 Private creditors 0 0 0 1 11 2 2 0 5 Memo: export credits 0 8,416 8,117 7,835 8,076 7,957 6,813 6,331 7,106 TOTAL DEBT FLOWS Disbursements 196 2,262 1,711 1,910 2,037 1,802 2,089 1,757 1,313 1,865 Long-termn debt 186 1,985 1,646 1,884 2,037 1,802 2,089 1,757 1,313 1,865 IMF purchases 10 278 65 26 0 0 0 0 0 0 Principal repayments 54 678 908 1,535 1,998 2,246 2,373 2,006 2,110 1,773 Long-term debt 40 591 680 1,393 1,841 2,094 2,272 1,959 2,107 1,773 IMFrepurchases 14 88 228 142 156 152 101 47 3 0 Net flows on debt 213 1,624 889 555 -35 -532 -306 -172 -863 -26 of which short-term debt 40 86 180 -74 -87 -22 78 -66 -118 Interest payments (INT) 768 886 2,356 1,329 1,393 1,391 1,346 1,068 1,024 Long-term debt 26 651 794 2,298 1,280 1,363 1,360 1,335 1,061 1,020 IMFcharges 0 12 72 43 3 1 1 3 7 2 0 0 Short-term debt 105 20 1 5 1 8 1 8 24 9 6 3 Net transfers on debt .. 857 3 -1,801 -1,363 -1,925 -1,696 -1,517 -1,931 -1,050 Total debt service paid (TDS) .. 1,446 1,794 3,891 3,326 3,639 3,764 3,352 3,178 2,797 Long-term debt 66 1,241 1,474 3,691 3,121 3,457 3,633 3,294 3,168 2,794 IMF repurchases and charges 14 100 300 186 187 165 107 49 3 0 Short-term debt (interest only) 105 20 1 5 1 8 1 8 24 9 6 3 2. AGGREGATE NET RESOUIRCE FLOWS AND NET TRANSFERS L-ONG-TERIN NET RESOURCE FLOWS 191 1,559 1,610 1,095 995 601 159 732 799 936 Net flow of long-term debt (ex. JMIF) 146 1,394 965 491 196 -293 -183 -202 -794 92 Foreign direct investment (net) 20 89 165 422 491 551 92 357 1,079 322 Portfolio equity flows 0 0 0 0 0 63 150 222 243 174 Grants (excluding technical coop.) 24 76 480 182 309 279 100 355 271 349 Memo: technical coop. grants 29 123 184 198 203 202 266 249 215 227 official net resource flows 145 828 1,269 653 504 -151 -188 342 -532 -29 private net resource flows. 46 731 341 443 492 752 346 390 1,331 965 NET TRANSFERS 145 860 747 -1,374 -387 -872 -1,332 -778 -453 -304 Intereston long-term debt 26 651 794 2,298 1,280 1,363 1,360 1,335 1,061 1,020 Profit renmittances on FDI 20 49 69 171 103 110 130 175 190 220 Memo: official net transfers 126 692 689 -129 -422 -1,169 -1,111 -546 -1,361 -807 private net transfers 19 168 58 -1,245 35 297 -221 -232 909 503 3. M%AJOR ECONONUIC AGGREGATES Gross national product (GNP) 3,945 18,402 24,888 27,450 25,718 29,181 31,661 35,137 32,082 34,292 Exports of goods &services (XGS) .. 4,324 8,328 9,597 9,169 9,606 11,265 11,984 11,575 12,175 of which workers reniittances .. 1,054 2,006 2,170 1,959 1,827 1,970 2,165 1,893 2,011 Imports of goods & services (MGS) .. 5,807 8,853 10,392 10,026 10,772 12,812 12,360 11,975 12,653 Intemnational reserves (RES) 142 814 2,338 3,819 3,930 4,622 3,874 4,054 4,197 4,638 Current account balance .. -1,407 -196 -433 -521 -723 -1,186 35 -87 -144 4. DEBT IN-DICATORS EDT /XGS(% . 214.1 293.7 229.9 234.1 230.7 201.2 182.3 174.2 169.9 EDT /GNP(% . 50.3 98.3 80.4 83.4 75.9 71.6 62.2 62.8 60.3 TDS /XGS(% . 33.4 21.5 40.6 36.3 37.9 33.4 28.0 27.5 23.0 INT /XGS (% . 17.8 10.6 24.6 14.5 14.5 12.4 11.2 9.2 8.4 INT /GNP(% . 4.2 3.6 8.6 5.2 4.8 4.4 3.8 3.3 3.0 RES /EDT(% . 8.8 9.6 17.3 18.3 20.9 17.1 18.6 20.8 22.4 RES /MGS (months) .. 1.7 3.2 4.4 4.7 5.2 3.6 3.9 4.2 4.4 Short-term/ EDT (%) .. 8.4 1.7 1.8 1.5 1.0 0.9 1.5 1.2 0.6 Concessional /EDT (% . 29.4 32.6 24.8 25.8 27.1 28.1 30.5 31.2 31.0 Multilateral /EDT (%) .. 7.8 19.2 24.3 26.8 28.4 29.9 30.1 30.0 31.2 395 MOROCCO (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 5. LONG-TERMI DEBT DEBT OUTSTANDING (LDOD) 886 8,024 23,301 21,234 20,860 21,788 22,416 21,526 19,931 20,571 Public and publicly guaranteed 871 7,874 23,101 21,030 20,680 21,530 22,085 21,134 18,978 19,325 Official creditors 742 3,519 16,991 15,588 15,487 16,127 16,515 15,926 14,186 14,220 Multilateral 59 723 4,687 5,353 5,750 6,297 6,768 6,585 6,041 6,455 Concessional 3 79 405 402 465 520 599 698 783 879 Bilateral 683 2.796 12,304 10,235 9,736 9,829 9,748 9,341 8,145 7,764 Concessional 620 2,638 7,579 5,065 5,067 5,493 5,772 5,960 5,503 5,540 Private creditors 129 4,355 6,110 5,442 5,194 5,403 5,570 5,208 4,792 5,105 Bonds 32 173 0 0 0 0 0 286 251 267 Commercial banks 0 2,343 3,394 3,253 3,250 3,424 3,523 3,301 3,295 3,544 Other private 98 1,839 2,716 2,189 1,944 1,979 2,047 1,621 1,247 1,294 Private nonguaranteed 15 150 200 204 179 259 331 392 952 1,247 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 1 5 150 200 204 179 259 331 392 952 1,247 Memo: IBRD 56 539 3,099 3,408 3,559 3,746 3,966 3,732 3,271 3,388 IDA 3 39 39 37 36 35 33 32 3 1 29 DISBURSEMENTS 186 1,985 1,646 1,884 2,037 1,802 2,089 1,757 1,313 1,865 Public and publicly guaranteed 179 1,910 1,638 1,872 1,904 1,722 1,987 1,666 1,038 1,527 Official creditors 145 866 1,220 1,315 1,282 1,040 1,355 1,329 851 945 Multilateral 16 109 781 858 781 655 906 797 568 730 Concessional 2 22 39 105 90 7 1 92 136 138 117 Bilateral 130 757 439 458 501 385 449 532 283 214 Concessional 90 709 287 328 408 368 314 335 221 176 Private creditors 34 1,044 418 557 622 681 632 337 187 583 Bonds 0 7 0 0 0 0 0 293 0 0 Cormmercial banks 0 482 47 50 148 266 204 0 22 447 Other private 34 555 371 507 474 416 428 44 165 136 Private nonguarainteed 8 75 8 12 133 80 103 91 275 338 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 8 75 8 12 133 80 103 9 1 275 338 Memo: IBRD 14 64 426 477 377 246 426 380 141 291 IDA 2 1 0 0 0 0 0 0 0 0 PRINCIPAL REPAYMENTS 40 591 680 1,393 1,841 2,094 2,272 1,959 2,107 1,773 Public and publicly guaranteed 38 566 672 1,385 1,810 2,093 2,242 1,929 2,063 1,729 Official creditors 25 114 430 845 1,087 1,471t 1,642 1,342 1,654 1,322 Multilateral 5 39 276 485 427 476 629 571 649 527 Concessional 0 0 1 3 123 23 26 22 28 3 1 36 Bilateral 20 75 155 361 660 994 1,013 771 1,005 795 Concessional 1 5 6 1 33 46 259 317 267 199 331 234 Private creditors 13 452 242 540 723 623 600 587 409 407 Bonds 3 9 0 0 0 0 0 0 0 0 Commercial banks 0 295 40 138 148 98 lit 168 148 139 Other private 1 0 149 202 402 575 525 489 419 261 268 Private nonguaranteed 3 25 8 8 31 1 30 30 44 44 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 3 25 8 8 3 1 1 30 30 44 44 Memo: IBRD 5 29 202 269 293 301 349 341 294 299 IDA 0 0 1 1 1 1 1 1 1 1 NET FLOWS ON DEBT 146 1,394 965 491 196 -293 -183 -202 -794 92 Public and publicly guaranteed 141 1,344 965 487 94 -372 -256 -263 -1,025 -202 Official creditors 120 752 790 470 195 -430 -287 -13 -803 -377 Multilateral 1 1 70 506 373 354 179 277 226 -81 203 Concessional 2 22 25 -18 67 45 70 108 108 82 Bilateral 109 682 284 97 -160 -609 -564 -239 -722 -581 Concessional 75 648 254 283 149 5 1 46 136 -110 -58 Private creditors 21 592 176 1 7 -101 59 32 -250 -222 175 Bonds -3 -2 0 0 0 0 0 293 0 0 Commrercial banks 0 188 7 -89 -1 167 93 -168 -126 307 Other private 24 406 169 105 -100 -109 -61 -376 -96 -132 Private nonguaranteed 5 50 0 4 102 79 73 61 231 294 Bonds 0 0 0 0 0 0 0 0 0 0 Cormnercial banks 5 50 0 4 102 79 73 61 231 294 Memo: IBRD 9 35 224 208 84 -55 78 39 -153 -8 IDA 2 1 -1 -1 -1 -1 -1 -1 -1 -1 396 MOROCCO (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 INTEREST PAYMENTS (LINT) 26 651 794 2,298 1,280 1,363 1,360 1,335 1,061 1,020 Public and publicly guaranteed 25 639 789 2,291 1,277 1,362 1,359 1,324 1,014 973 Official creditors 19 135 580 782 926 1,018 923 888 829 779 Multilateral 4 56 306 379 403 427 466 465 422 390 Concessional 0 1 7 16 15 17 19 24 28 32 Bilateral 15 79 274 403 523 591 458 424 407 389 Concessional 13 69 57 66 131 136 142 142 163 168 Private creditors 6 504 208 1,509 352 344 436 436 185 194 Bonds 2 15 0 0 0 0 0 0 17 17 Comimercial banks 0 364 43 1,328 152 158 259 281 42 64 Other private 4 125 165 181 199 186 176 155 126 113 Private nonguaranteed 1 11 5 7 2 1 2 11 48 48 Bonds 0 0 0 0 0 0 0 0 0 0 Commrercial banks 1 11 5 7 2 1 2 11 48 48 Memo: IBRD 4 49 226 249 259 271 282 258 238 206 IDA 0 0 0 0 0 0 0 0 0 0 NET TRANSFERS ON DEBT 121 743 172 -1,807 -1,084 -1,655 -1,543 -1,537 -1,855 -928 Public and publicly guaranteed 116 705 177 -1,804 -1,183 -1,734 -1,614 -1,588 -2,039 -1,175 Official creditors 102 617 209 -311 -731 -1,448 -1,210 -901 -1,632 -1,156 Multilateral 7 14 200 -6 -48 -248 -189 -238 -503 -186 Concessional 2 21 19 -34 52 28 51 84 80 50 Bilateral 95 603 10 -306 -683 -1,200 -1,022 -663 -1,129 -970 Concessional 62 579 197 217 19 -85 -96 -6 -272 -225 Private creditors 15 88 -33 -1,492 -453 -286 -404 -686 -407 -19 Bonds -5 -17 0 0 0 0 0 293 -17 -17 Conimercial banks 0 -177 -36 -1,417 -153 9 -167 -449 -168 243 Other private 20 281 4 -75 -300 -295 -237 -531 -223 -245 Private nonguaranteed 4 39 -5 .3 99 79 71 50 184 246 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 4 39 -5 -3 99 79 71 50 184 246 Memo: IBRD 5 -14 -2 -41 -175 -326 -204 -219 -391 -214 IDA 2 0 -1 -1 -2 -2 -2 -2 -2 -2 DEBT SERVICE (LTDS) 66 1,241 1,474 3,691 3,121 3,457 3,633 3,294 3,168 2,794 Public and publicly guaranteed 62 1,205 1,461 3,676 3,088 3,456 3,601 3,253 3,077 2,702 Official creditors 44 249 1,011 1,627 2,013 2,489 2,565 2,230 2,483 2,101 Multilateral 9 95 582 863 829 903 1,095 1,035 1,071 917 Concessional 0 1 20 139 38 43 41 52 58 68 Bilateral 35 154 429 764 1,184 1,586 1,471 1,195 1,412 1,184 Concessional 28 130 90 ill. 389 453 409 341 493 402 Private creditors 19 956 451 2,049 1,075 967 1,036 1,023 594 601 Bonds 5 23 0 0 0 0 0 0 17 17 Commercial banks 0 659 83 1,467 301 256 371 449 190 204 Otier private 14 274 367 583 774 711 665 574 388 381 Private nonguaranteed 3 36 13 15 33 2 32 41 92 92 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 3 36 1 3 15 33 2 32 41 92 92 Memo: IBRD 9 78 428 518 552 572 630 599 532 505 IDA 0 1 1 1 2 2 2 2 2 2 UNDISBURSED DEBT 242 2,291 4,026 4,760 5,069 5,210 5,619 4,277 4,319 3,561 Official creditors 221 1,882 3,417 3,764 4,123 4,354 5,196 3,922 3,839 3,374 Private creditors 21 409 608 996 946 856 423 355 480 187 Memorandum items Concessional LDOD 622 2,717 7,984 5,467 5,532 6,012 6,371 6,659 6,285 6,419 Variable rate LDOD 15 2,626 7,827 8,119 8,196 8,294 8,621 8,205 8,197 8,572 Public sector LDOD 864 7,819 23,037 20,912 20,504 21,304 21,844 20,768 18,415 18,555 Private sector LDOD 23 204 264 322 356 484 575 629 660 719 6. CURRENCY CONMPOSITION O-F LONG-TERM DEBT (PERCENT) Deutsche mark 11.7 3.9 5.4 6.8 7.4 7.8 7.8 7.1 6.8 6.7 French franc 29.5 22.0 23.3 23.2 21.5 21.5 21.2 21.1 19.1 19.9 Japanese yen 0.0 1.9 2.3 3.7 4.1 4.3 3.9 3.5 2.5 2.7 Pound sterling 0.0 0.4 0.1 0.2 0.2 0.2 0.2 0.2 0.2 0.1 Swiss franc 0.1 0.3 0.2 0.1 0.1 0.1 0.1 0.1 0.2 0.2 U.S.dollars 40.9 54.7 41.0 32.6 32.0 29.5 28.2 28.6 30.4 37.9 Multiple currency 6.8 7.0 15.8 20.5 22.3 23.5 23.8 22.8 21.9 11.3 Special drawing rights 0.0 0.2 0.1 0.2 0.2 0.2 0.2 0.1 0.1 0.1 All other currencies 11.0 9.6 11.8 12.7 12.2 12.9 14.6 16.5 18.8 21.1 397 MOROCCO (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 7. DEBT RESTRLICTURIJNGS Total amount rescheduled 4,118 1,755 0 0 0 0 0 0 Debt stock rescheduled 2,732 0 0 0 0 0 0 0 Principal rescheduled 591 750 0 0 0 0 0 0 Official 389 538 0 0 0 0 0 0 Private ..203 213 0 0 0 0 0 0 Interest rescheduled ..219 203 0 0 0 0 0 0 Official 137 119 0 0 0 0 0 0 Private 82 83 0 0 0 0 0 0 Debt forgiven 31 0 0 0 0 0 5 0 Memo: interest forgiven ...0 0 0 0 0 0 0 0 Debt stock reduction ..0 0 0 0 0 0 0 0 of which debt buyback 0 0 0 0 0 0 0 0 S. DEBT STOCK-FLOW RECONCILLATION Total change in debt stocks 2,585 195 -602 699 508 -814 -1,690 525 Net flows on debt 213 1,624 889 555 -35 -532 -306 -172 -863 -26 Net change in interest ar-rears 43 -92 1 -6 -2 46 -25 3 Interest capitalized 219 203 0 0 0 0 0 0 Debt forgiveness or reduction -31 0 0 0 0 0 -5 0 Cross-currency valuation -1,246 -781 -437 1,095 730 -931 -1,221 633 Residual ... 220 310 -131 141 86 243 424 -84 9. A%VERA%GE TERMIS OF NEv coMmirrmENTS ALL CREDITORS Interest (%) 4.3 7.9 6.7 7.4 6.7 4.7 4.6 6.0 4.8 3.9 Maturity (years) 27.2 17.2 19.9 15.2 18.5 16.5 19.4 14.3 16.6 16.7 Grace period (years) 7.4 4.9 6.4 3.9 5.0 4.3 5.1 3.8 5.1 5.6 Grant element (%) 38.0 15.8 24.7 11.4 19.7 31.2 34.2 21.8 31.9 38.6 Official creditors Interest (%) 3.9 4.1 5.4 8.0 6.8 4.1 4.4 5.7 4.2 2.7 Maturity (years) 31.7 20.7 23.7 17.8 21.5 19.2 20.2 16.9 18.8 21.4 Grace period (years) 8.8 5.3 8.3 5.2 6.2 5.7 5.4 4.5 5.6 6.4 Grant element (%) 44.0 39.5 35.8 11.0 22.4 38.7 36.0 25.9 37.3 50.5 Private creditors Interest (%) 6.1 12.1 9.7 6.1 6.5 6.1 6.9 6.5 6.6 5.7 Maturity (years) 8.6 13.4 11.5 10.0 9.6 10.8 8.2 9.2 9.1 8.8 Grace period (years) 1.6 4.5 2.3 1.4 1.4 1.3 0.6 2.5 3.5 4.3 Grant element (%) 13.7 -10.0 -0. 1 12.3 11.7 15.3 9.5 13.8 14.1 18.2 Memorandum items Conmnitments 251 1,920 2,316 2,082 2,481 1,660 2.313 1,063 1,663 918 Official creditors 201 1,000 1,601 1,384 1,856 1,128 2,153 704 1,279 580 Private creditors 50 920 715 698 625 531 160 359 384 339 10. CONTRACT11AL OBLIGATIONS ON OUTSTANDING LONG-TERM- DEBT 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 TOTAL Disbursements 1,209 914 570 368 213 118 74 37 23 10 Principal 2,327 1,801 2,166 2,063 2,242 1,934 1,400 1,193 1,120 965 Interest 1,150 1,058 967 863 737 612 484 406 342 285 Ofricial creditors Disbursements 1,094 865 552 365 212 118 74 37 23 10 Principal 1,480 1,296 1,217 1,173 1,191 1,164 1,135 1,063 1,005 884 Interest 757 706 656 599 538 476 413 351 295 244 Bilateral creditors Disbursements 552 405 236 125 59 22 1 1 1 0 0 Principal 808 674 613 577 580 556 531 463 450 382 Interest 337 312 288 259 230 202 175 148 126 107 Multilateral creditors Disbursements 542 460 317 240 153 96 63 36 23 10 Principal 672 622 604 596 611 609 605 600 555 502 Interest 419 394 368 341 309 274 239 203 169 137 Private creditors Disbursements 115 49 18 3 1 0 0 0 0 0 Principal 847 505 950 890 1,052 770 265 130 115 81 Interest 394 352 312 264 199 136 7 1 55 47 41 Commercial banks Disbursements 2 1 1 0 0 0 0 0 0 0 Principal 447 165 651 649 834 565 83 28 25 21 Interest 227 208 190 163 114 66 14 9 7 6 Other private Disbursements 112 48 1 8 3 1 0 0 0 0 0 Principal 400 340 299 241 218 205 182 102 90 60 Interest 167 144 122 101 85 70 57 46 40 35 398 MOZAMBIQUE (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 1. SUMIMARY DEBT DAT'A TOTAL DEBT STOCKS (EDT) 4,653 5,130 5,212 7,272 7,458 7,566 7,639 8,208 Long-term debt (LDOD) 4,234 4,718 4,859 6,871 6,978 7,203 7,130 7,626 Public and publicly guaranteed 4,215 4,701 4,841 5,219 5,209 5,358 5,218 5,651 Private nonguaranteed 19 17 18 1,652 1,769 1,845 1,912 1,975 Use of IMF credit 0 0 74 175 189 212 202 181 189 207 Short-term debt .. 345 238 164 189 279 182 320 375 of which interest arrears onLDOD ..207 153 147 171 250 164 202 258 Official creditors ..76 136 145 166 245 162 200 256 Private creditors 131 17 3 4 5 2 2 2 Memo: principal arrears on LDOD 725 679 780 884 1,087 1,117 1,179 1,306 Official creditors .. 373 613 731 870 1,074 1,114 1,176 1,260 Private creditors 352 66 49 14 12 3 3 46 Memo:cexport credits 986 1,067 1,265 1,105 1,110 948 1,439 1,412 TOTAL DEBT FLOWS Disbursements 243 265 211 254 267 300 300 267 Long-term debt 231 201 190 233 267 282 265 233 lIF purchases 0 0 12 64 21 21 0 18 35 34 Principal repayinents 41 34 44 67 85 92 59 63 Long-term debt 41 33 38 57 71 59 44 39 RIMFrepurchases 0 0 0 2 6 11 14 33 1 5 25 Net flows on debt 174 235 99 189 193 197 341 203 of which short-term debt -28 4 -69 2 11 -11 100 -1 Interest payments (INT) 38 48 79 56 77 49 45 41 Long-term debt 23 43 75 54 75 46 41 35 IMF charges 0 0 0 0 1 1 1 2 1 1 Short-term debt ... 15 5 3 1 1 1 3 6 Net transfers on debt .. 136 187 20 133 116 148 295 162 Total debt service paid (TDS) 79 83 122 123 162 141 104 105 Long-term debt ... 64 76 113 III 146 106 85 74 IMF repurchases and charges 0 0 0 2 7 12 16 34 16 25 Short-term debt (interest only) ... 15 5 3 1 1 1 3 6 2. AGGREGATE NET RESOU)RCE FLOWS AN D NET' TRANSFERS 3LONG-TERM-) --- NET RESOURCE FLOWS ... 949 919 821 849 1,011 736 802 1,081 Net flow of long-term debt (ex. IMF) ... 190 168 152 176 196 222 221 194 Foreign direct investment (net) ...9 25 32 35 45 73 64 213 Portfolio equity flows ...0 0 0 0 0 0 0 0 Grants (excluding technical coop.) ... 750 726 637 638 770 441 516 674 Memo: technical coop. grants ... 96 195 224 239 234 190 162 150 official net resource flows ... 914 896 791 816 942 669 736 872 private net resource flows ... 35 23 30 33 69 67 66 209 NET TRANSFERS ..926 876 746 793 936 687 758 1,042 Interest on long-termn debt ... 23 43 75 54 75 46 41 35 Profit remittances on FDI .. 0 0 0 2 0 3 2 4 Memo: official net transfers ... 898 858 720 763 871 624 696 845 private net transfers ... 28 18 26 30 65 63 63 197 3. M~AJOR ECONONIC AGGREGATES Gross national product (GNP) ... 2,366 1,773 1,924 2,065 2,208 2,672 3,256 3,680 Exports of goods & services (XGS) ... 300 362 372 395 470 540 572 581 of which workers remittances ...0 0 0 0 0 0 0 0 Imports of goods &services (MGS) ... 1,164 1,214 1,321 1,427 1,254 1,186 1,181 1,371 Intemnational reserves (RES) ... 232 233 187 178 195 344 517 608 Current account balance ... -415 -352 -446 -467 -445 -421 -296 -477 4. DEBT INDICATORS EDT /XGS (%) ... 1,552.0 1,417.6 1,402.5 1,839.1 1,585.5 1,400.4 1,334.8 1,413.5 EDT / GNP (%) ... 196.6 289.4 270.9 352.2 337.8 283.2 234.6 223.0 TDS /XGS(% ... 26.2 22.9 32.9 31.2 34.5 26.0 18.2 18.0 IINT /XGS(% ... 12.6 13.4 21.2 14.2 16.4 9.0 7.9 7.1 INT /GNP(% . . 1.6 2.7 4.1 2.7 3.5 1.8 1.4 1.1 RES / EDT ()... 5.0 4.6 3.6 2.4 2.6 4.6 6.8 7.4 RES /MGS (months) ... 2.4 2.3 1.7 1.5 1.9 3.5 5.3 5.3 Short-term /EDT (%) ... 7.4 4.6 3.1 2.6 3.7 2.4 4.2 4.6 Concessional /EDT ()... 44.8 51.4 55.0 44.6 39.4 42.4 41.8 44.5 Multilateral /EDT (%) ... 10.0 13.0 15.3 14.4 17.1 19.6 21.2 23.1 MOZAMBIQUE39 (US mllon unes ohewis idiatd) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 S. LONG-TERM DEBT DEBT OUTSTANDING (LDOD) 4,234 4,718 4,859 6,871 6,978 7,203 7,130 7,626 Public and publicly guaranteed 4,215 4,701 4,841 5,219 5,209 5,358 5,218 5,651 Official creditors 3,563 4,491 4,697 5,128 5,163 5,331 5,200 5,635 Multilateral 464 667 799 1,050 1,277 1,483 1,618 1,895 Concessional 406 600 730 975 1.196 1,401 1,533 1.798 Bilateral ..3,099 3,825 3,898 4,078 3,886 3,848 3,582 3,740 Concessional ..1,680 2,034 2,135 2,265 1,741 1,803 1,657 1,853 Private creditors 651 210 144 91 46 27 1 8 17 Bonds 0 0 0 0 0000 Commercial banks 147 9 9 7 7 2 2 1 Othler priVdte 504 201 135 84 39 25 1 7 16 Private nonguaranteed 19 17 18 1,652 1,769 1,845 1,912 1,975 Bonds 0 0 0 0 0000 Commercial banks 19 17 18 1,652 1,769 1,845 1,912 1,975 Memo: IBRD 0 0 0 0 0 0 0000 IDA 0 0 268 417 512 714 890 1,076 1,160 1,335 DISBURSEMENTS 231 201 190 233 267 282 265 233 Public and publicly guaranteed 211 197 186 230 231 282 259 233 Official creditors 187 197 182 229 231 282 259 233 Multilateral .. 96 159 144 220 219 275 244 215 Concessional 89 149 135 211 208 265 224 211 Bilateral 91 38 38 10 1 1 7 15 1 8 Concessional 91 38 38 10 1 1 7 15 1 8 Private creditors 24 0 4 1 0 0 0 0 Bonds 0 0 0 0 0000 Commercial banks 0 0 3 0 0 0 00 Other private .. 24 0 1 1 0 0 0 0 Private nonguaranteed 20 4 4 3 36 0 6 0 Bonds 0 0 0 0 0 000 Comimercial banks 20 4 4 3 36 0 6 0 Memo: IBRD 0 0 0 0 0 C 0 000 IDA 0 0 74 106 93 176 160 221 148 131 PRINCIPAL REPAYMENTS 41 33 38 57 71 59 44 39 Public and publicly guaranteed 29 30 35 54 67 55 40 35 Official creditors 23 26 28 5 1 58 53 39 35 Multilateral 9 10 1 1 13 13 17 17 19 Concessional 4 4 5 5 6 11 91 Bilateral 13 16 16 39 46 36 23 16 Concessional 5 8 7 1 1 1 8 1 8 18 14 Private creditors ..7 4 7 2 9 110 Bonds 0 0 0 0 0 000 Commercial banks 3 2 0 1 0 0 00 Other private 3 1 7 2 9 110 Private nonguaranteed 12 3 3 3 3 5 4 4 Bonds 0 0 0 0 0 000 Commercial banks 12 3 3 3 3 5 4 4 Memo: IBRD 0 0 0 0 0 C0 000 IDA 0 0 0 0 0 0 0 123 NET FLOWS ON DEBT 190 168 152 176 196 222 221 194 Public and publicly guaranteed 182 167 152 176 163 227 219 199 Official creditors 164 171 154 178 172 229 220 199 Multilateral 86 149 133 207 207 258 228 196 Concessional 85 144 129 206 202 255 216 201 Bilateral 78 22 21 -29 -34 -29 -8 3 Concessional 86 30 3 1 -2 -7 -11 -4 4 Private creditors 17 -4 -3 -2 -9 -1 -1 0 Bonds ..0 0 0 0 0 000 Comimercial banks .. -3 -2 3 -l 0 0 00 Other private 21 -1 -6 -1 -9 -1 -1 0 Private nonguaranteed 8 1 1 0 33 -5 2 -4 Bonds 0 0 0 0 0 000 Commercial banks 8 1 1 C 33 -5 2 - Memo: IBRD 0 0 0 0 0 0 0 000 IDA 0 0 74 106 93 176 160 220 147 128 400 MOZAMBIQUE (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 INTEREST PAYMENTS (LINT) 23 43 75 54 75 46 41 35 Public and publicly guaranteed 23 43 75 54 74 45 41 27 Official creditors 17 38 71 53 71 45 41 27 Multilateral 7 10 11 12 12 15 16 17 Concessional 3 4 5 7 7 10 11 13 Bilateral ..10 28 60 40 59 30 25 11 Concessional 6 17 26 10 12 15 16 9 Private creditors 6 5 4 1 3 0 0 0 Bonds 0 0 0 0 0 0 0 0 Conunercial banks ..1 0 0 0 0 0 0 0 Other private 5 4 4 1 3 0 0 0 Private nonguaranteed 0 0 0 0 1 1 1 8 Bonds 0 0 0 0 0 0 0 0 Commercial banks ..0 0 0 0 1 1 1 8 Memo: I~BRD 0 0 0 0 0 0 0 0 0 0 IDA 0 0 1 3 3 4 6 7 8 9 NET TRANSFERS ON DEBT 167 125 77 122 122 176 180 159 Public and publicly guaranteed 159 124 77 122 90 182 178 171 Official creditors 148 133 84 125 102 183 179 171 Multilateral 80 139 122 195 195 243 212 179 Concessional 82 140 124 200 195 245 205 188 Bilateral 68 -6 -39 -69 -93 -60 -33 -8 Concessional 80 13 5 -11 -19 -26 -20 -5 Private creditors 11 -8 -7 -3 -12 -2 -1 0 Bonds ...0 0 0 0 0 0 0 0 Comimercial banks -5 -3 3 -1 0 0 0 0 Other private 16 -6 -10 -3 -12 -1 -1 0 Private nonguaranteed 8 1 0 0 32 -6 2 -12 Bonds 0 0 0 0 0 0 0 0 Commercial banks 8 1 0 0 32 -6 2 -12 Memo: IBRD 0 0 0 0 0 0 0 0 0 0 IDA 0 0 73 103 90 172 154 214 139 119 DEBT SERVICE (LTDS) 64 76 113 il1. 146 106 85 74 Public and publicly guaranteed 52 73 109 108 141 100 80 62 Official creditors 39 64 98 104 129 99 79 62 Multilateral 16 20 22 25 25 32 32 36 Concessional 7 9 11 12 13 21 20 24 Bilateral 23 45 76 79 104 66 47 26 Concessional 11 26 33 21 30 33 35 23 Private creditors 12 8 11 4 12 2 1 0 Bonds 0 0 0 0 0 0 0 0 Conimercial banks 5 3 0 1 0 0 0 0 Other private ..8 6 11 3 12 1 1 0 Private nonguaranteed 12 3 3 3 5 6 5 12 Bonds 0 0 0 0 0 0 0 0 Comirercial banks 12 3 3 3 5 6 5 12 Memo: IBRD 0 0 0 0 0 0 0 0 0 0 IDA 0 0 1 3 3 4 6 7 9 12 UNDISBURSED DEBT ... 836 963 964 1,336 1,275 944 892 713 Official creditors 823 961 963 1,336 1,275 944 892 713 Private creditors 13 2 1 0 0 0 0 0 Memorandum items Concessional LDOD 2,085 2,634 2,864 3,240 2,936 3,204 3,190 3,651 Variable rate LDOD ..290 673 632 2,221 2,313 2,324 2,352 2,374 Public sector LDOD ... 4,214 4,701 4,841 5,219 5,209 5,358 5,218 5,651 Private sector LDOD ... 20 17 18 1,652 1,769 1,845 1,912 1,975 6. CURRENCY COMPOSITION OF LONG-TERMI DEBT (PERCENT) Deutsche mark ... 5.0 4.7 4.7 5.5 4.6 4.5 4.0 4.1 French franc ... 12.1 9.5 8.7 9.4 10.1 9.7 8.8 9.4 Japanese yen ... 1.8 1.8 1.9 1.9 1.8 1.8 1.7 1.8 Pound sterling . . 2.4 2.2 2.2 2.1 2.1 2.2 2.2 2.1 Swiss franc ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 U.S.dollars ... 52.4 58.0 59.6 60.5 60.1 61.5 61.6 60.2 Multiple currency ... 4.7 6.5 6.9 7.4 8.4 8.0 8.4 8.7 Special drawing rights ... 1.3 1.1 1.1 1.1 1.2 1.1 1.1 1.1 All other cuffencies ... 20.3 16.2 14.9 12.1 11.7 11.2 12.2 12.6 401 MOZAMBIQUE (US$ million, unless otherwise indicated) 1970 1980 1990 -1992 1993 1994 1995 1996 1997 1998 7. DEBT RESTRLJCTULRINGS Total amount rescheduled 386 673 173 200 66 190 132 157 Debt stock rescheduled 0 8 0 0 0 0 0 0 Principal rescheduled 226 283 76 73 32 8 1 50 66 Official 134 5 1 41 66 30 72 48 66 Private 92 232 35 7 2 9 2 0 Interest rescheduled 158 84 58 62 29 105 64 82 Official 123 33 42 6 1 28 103 63 8 1 Private 35 5 1 17 1 0 2 1 0 Debt forgiven 210 1 9 27 57 311 64 213 20 Memo: interest forgiven 14 4 6 7 12 67 8 0 Debt stock reduction ...0 0 3 0 0 0 0 0 of which debt buyback 0 0 0 0 0 0 0 0 8. DEBT STOCK-FLOW RECONCILIATION Total change in debt stocks ..290 412 81 2,060 187 108 73 569 Net flows on debt 174 235 99 189 193 197 341 203 Net change in interest arrears -62 -13 -6 23 79 -86 38 56 Interest capitalized 158 84 5 8 62 29 105 64 82 Debt forgiveness or reduction -210 -19 -30 -57 -311 -64 -213 -20 Cross-currency valuation ... 208 -92 -65 ill 72 -63 -116 76 Residual ... 21 217 24 1,731 125 19 -40 173 9. AVERAGE TERAI1S OF NEW COMMITMENTS ALL CREDITORS Interest (%) ... 1.4 0.8 0.9 0.8 0.9 2.1 1.5 0.9 Maturity (years) ... 35.0 41.7 37.6 39.7 36.7 23.8 41.9 40.6 Grace period (years) ... 9.2 10.2 9.4 9.9 9.3 8.7 9.7 10.5 Grant element (%) ... 71.8 79.9 76.2 78.9 76.1 59.4 73.5 79.1 Official creditors Interest (%) ... 1.3 0.8 0.8 0.8 0.9 2.1 1.5 0.9 Maturity (years) ... 35.2 41.7 38.1 39.7 36.7 23.8 41.9 40.6 Grace period (years) ... 9.2 10.2 9.5 9.9 9.3 8.7 9.7 10.5 Grant element (%) ... 72.3 79.9 77.5 78.9 76.1 59.4 73.5 79.1 Private creditors Interest (%) ... 9.0 0.0 7.0 0.0 0.0 0.0 0.0 0.0 Maturity (years) ... 4.9 0.0 11.5 0.0 0.0 0.0 0.0 0.0 Grace period (years) ... 2.9 0.0 2.4 0.0 0.0 0.0 0.0 0.0 Grant clement (%) ... 2.4 0.0 16.3 0.0 0.0 0.0 0.0 0.0 Memorandum items Commiitments ... 177 456 193 570 150 1 1 303 62 Official creditors ... 176 456 189 570 150 1 1 303 62 Private creditors I.. 0 4 0 0 0 0 0 10. CONTRACTUAL. OBLIGATIONS ON OUTSTANDING LONG-TERM DEBT 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 TOTAL Disbursements 226 198 125 70 46 24 18 4 1 0 Principal 167 347 333 333 335 304 268 167 164 161 Interest 99 135 122 109 94 80 69 61 57 53 Official creditors Disbursements 226 198 125 70 46 24 18 4 1 0 Principal 128 295 285 289 297 263 226 123 118 113 Interest 90 126 114 101 88 74 64 56 53 50 Bilateral creditors Disbursements I11 10 7 4 2 1 1 0 0 0 Principal 101 260 251 253 255 217 175 69 61 51 Interest 69 104 91 79 65 52 43 36 33 3 1 Multilateral creditors Disbursements 215 188 119 66 44 23 17 4 1 0 Principal 27 34 34 36 42 47 5 1 54 57 62 Interest 21 23 23 23 22 22 2 1 20 20 19 Private creditors Disbursements 0 0 0 0 0 0 0 0 0 0 Principal 39 52 47 44 38 40 42 44 46 48 Interest 8 9 8 7 7 6 5 4 4 3 Commercial banks Disbursements 0 0 0 0 0 0 0 0 0 0 Principal 0 0 0 0 0 0 0 0 0 0 Interest 0 0 0 0 0 0 0 0 0 0 Other private Disbursements 0 0 0 0 0 0 0 0 0 0 Prncipal 39 52 47 44 38 40 42 44 46 48 Interest 8 8 8 7 7 6 5 4 4 3 402 MYANMAR (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 S1. l]%M.AR%' DEBT DATA TOTAL DEBT STOCKS (EDT) .. 1,500 4,695 5,355 5,757 6,555 5,771 5,184 5,063 5,680 Long-term debt (LDOD) 106 1,390 4,466 5,003 5,394 6,154 5,378 4,804 4,629 5,071 Public and publicly guaranteed 106 1,390 4,466 5,003 5,394 6,154 5,378 4,804 4,629 5,071 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Useof IMF credit 17 106 0 0 0 0 0 0 0 0 Short-term debt 4 229 352 362 401 393 381 434 609 of which interest arfears on LDOD ..0 200 340 354 380 352 366 390 471 Official creditors 0 168 286 299 312 285 305 332 413 Private creditors 0 32 54 55 68 67 61 58 58 Memo: principal arrears on LDOD 0 377 787 1,045 1,431 1,359 1,289 1,349 1,561 Officilaicreditors ..0 291 617 841 1,178 1,100 1,042 1,113 1,311 Private creditors 0 85 170 203 252 259 247 236 250 Memo: export credits ..0 282 398 405 462 572 537 747 712 TOTAL DEBT FLOWS Disbursements 22 282 122 78 72 59 86 144 175 214 Long-term debt 22 269 122 78 72 59 86 144 175 214 UIMFpurchases 0 14 0 0 0 0 0 0 0 0 Principal repayments 20 89 46 26 22 42 180 140 101 79 Long-term debt 20 66 44 26 22 42 180 140 101 79 IMF repurchases 0 23 2 0 0 0 0 0 0 0 Net flows on debt 2 171 91 17 46 30 -74 -23 104 230 of which short-term debt -22 1 5 -35 -4 1 3 20 -27 29 94 Interest payments (INT) 52 15 28 89 121 70 18 15 14 Long-term debt 3 45 1 3 26 89 120 68 1 8 1 3 9 IMF charges 0 4 0 0 0 0 0 0 0 0 Short-term debt 3 2 2 1 1 2 1 2 6 Net transfers on debt .. 119 76 -11 -43 -91 -144 -41 89 216 Total debt service paid (TDS) .. 141 60 54 ill 163 250 158 116 93 Long-term debt 23 112 57 52 ill 162 248 157 114 88 vIMErepurchases and charges 0 26 2 0 0 0 0 0 0 0 Short-term debt (interest only) 3 2 2 1 1 2 1 2 6 2. AGGREGATE NET RESOUIRCE FLOW%S AND NET TR-ANSFERS iLONG-.TERNM) NET RESOURCE FLOWS 16 269 276 262 242 254 200 226 225 272 Net flow of long-term debt (ex. IME) 2 202 78 52 50 17 -95 4 74 135 Foreign direct investment (net) 0 0 161 172 149 91 115 100 80 70 Portfolio equity flows 0 0 0 0 0 29 16 10 -2 0 Grants (excluding technical coop.) 15 67 37 39 43 117 164 112 73 67 Memo: technical coop. grants 6 31 35 31 3 29 45 35 32 34 official net resource flows 9 240 123 92 60 124 34 97 45 119 private net resource flows 7 29, 153 171 182 130 166 129 180 153 NET TRANSFERS 14 224 263 236 153 134 132 208 212 264 Interest on long-term debt 3 45 13 26 89 120 68 18 13 9 Profit remittances on FDI 0 0 0 0 0 0 0 0 0 0 Memo: official net transfers 8 219 113 67 -25 5 -32 82 35 116 private net transfers 6 5 151 170 178 128 164 126 177 148 3. MAJOR ECONOUlC AGGREGATES Gross national product (GNP) . .. .. .. Exports of goods & services (XGS) 129 556 668 647 648 651 1,299 1,414 1,565 1,745 of which workers remittances ..0 0 0 0 0 0 0 0 0 Imports of goods & services (MGS) 211 869 1,270 830 1,454 1,670 2,174 2,371 2,740 2,862 Intemnational reserves (RES) 98 409 410 364 401 518 651 315 317 382 Current account balance -81 -307 -526 -113 -461 -614 -415 -500 -710 -602 4. DEBT INDICATORS EDT XGS (% . 270.0 703.2 827.5 887.8 1,007.3 444.2 366.6 323.5 325.5 EDT/GNP().......... TDS /XGS (% . 25.4 9.1 8.3 17.2 25.1 19.2 11.2 7.4 5.3 INT/XGS (% . 9.4 2.2 4.3 13.8 18.6 5.4 1.3 1.0 0.8 RESIEDT(% . 27.3 8.7 6.8 7.0 7.9 11.3 6.1 6.3 6.7 RES MGS (months) 5.6 5.6 3.9 5.3 3.3 3.7 3.6 1.6 1.4 1.6 Short-termn/ EDT (%) .. 0.3 4.9 6.6 6.3 6.1 6.8 7.3 8.6 10.7 Concessional /EDT (% . 72.7 87.6 86.5 86.6 86.6 84.7 83.5 80.6 77.8 Multilateral /EDT (%) .. 18.7 26.3 24.4 23.4 22.2 23.1 23.6 23.1 21.1 403 MYANMAR (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 S. LONG-TERN] DEBT DEBT OUTSTANDING (LDOD) 106 1,390 4,466 5,003 5,394 6,154 5,378 4,804 4,629 5,071 Public and publicly guaranteed 106 1,390 4,466 5,003 5,394 6,154 5,378 4,804 4,629 5,071 Official creditors 72 1,109 4,216 4,747 5,105 5,820 5,011 4,438 4,177 4,524 Multilateral 15 280 1,234 1,306 1,348 1,458 1,331 1,223 1,171 1,199 Concessional 0 274 1,228 1,301 1,343 1,454 1,328 1,222 1,170 1,199 Bilateral 57 829 2,982 3,441 3,758 4,362 3,680 3,215 3,006 3,325 Concessional 56 817 2,884 3,330 3,642 4,225 3,558 3,109 2,909 3,219 Private creditors 34 281 250 256 289 334 367 366 452 547 Bonds 0 0 0 0 0 0 0 0 0 0 Coimrercial banks 0 51 0 0 0 0 0 0 0 0 Other private 34 231 250 256 289 334 367 366 452 547 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commiercial banks 0 0 0 0 0 0 0 0 0 0 Memo: IBRD 15 0 0 0 0 0 0 0 0 0 IDA 0 146 716 765 766 818 777 742 724 727 DISBURSEMENTS 22 269 122 78 72 59 86 144 175 214 FPublic and publicly guaranteed 22 269 122 78 72 59 86 144 175 214 Official creditors 3 199 119 74 37 31 17 96 33 100 Multilateral 0 38 68 21 14 12 0 -1 0 0 Concessional 0 38 68 21 14 12 0 -1 0 0 Bilateral 3 161 51 53 23 19 16 97 33 100 Concessional 2 160 51 53 23 19 16 97 33 100 Private creditors 19 70 3 4 35 28 69 47 143 114 Bonds 0 0 0 0 0 0 0 0 0 0 Comimercial banks 0 15 0 0 0 0 0 0 0 0 Other private 19 55 3 4 35 28 69 47 143 114 Private nonguarauteed 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commrercial banks 0 0 0 0 0 0 0 0 0 0 Memo: IBRD 0 0 0 0 0 0 0 0 0 0 IDA 0 23 57 15 0 7 0 -1 0 0 PRINCIPAL REPAYMENTS 20 66 44 26 22 42 180 140 101 79 Public and publicly guaranteed 20 66 44 26 22 42 180 140 101 79 Officialecreditors 8 26 33 22 20 24 147 ill 61 48 Multilateral 2 0 1 5 19 18 23 25 27 19 2 Concessional 0 0 14 19 17 22 24 26 18 2 Bilateral 5 25 1 8 2 3 1 122 85 42 46 Concessional 5 18 1 8 2 3 1 122 85 42 45 Private creditors 12 41 1 1 5 2 1 8 34 28 40 31 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 13 0 0 0 0 0 0 0 0 Other private 12 28 1 1 5 2 1 8 34 28 40 31 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 0 0 Memo: IBRD 2 0 0 0 0 0 0 0 0 0 IDA 0 0 4 5 4 9 10 10 7 0 NET FLOWS ON DEBT 2 202 78 52 50 17 -95 4 74 135 Public and publicly guaranteed 2 202 78 52 50 17 -95 4 74 135 Official creditors -5 173 86 53 17 7 -130 -15 -28 52 Multilateral -2 38 53 2 -3 -10 -24 -27 -19 -2 Concessional 0 38 54 2 -3 -10 -24 -26 -18 -2 Bilateral -3 135 33 51 21 18 -106 12 -9 54 Concessional -2 142 33 51 21 18 -106 12 -9 55 Private creditors 7 29 -8 -1 33 10 36 19 102 83 Bonds 0 0 0 0 0 0 0 0 0 0 Commnercial banks 0 2 0 0 0 0 0 0 0 0 Other private 7 27 -8 -1 33 10 36 19 102 83 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 0 0 Memo: IBRD -2 0 0 0 0 0 0 0 0 0 IDA 0 23 53 10 -4 -2 -10 -11 -7 0 404 MYANMAR (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 INTEREST PAYMENTS (LINT) 3 45 13 26 89 120 68 18 13 9 Public and publicly guaranteed 3 45 13 26 89 120 68 18 13 9 Official creditors 2 21 11 25 85 119 66 15 10 3 Multilateral 1 3 10 11 8 12 13 12 7 1 Concessional 0 2 10 11 8 12 12 11 7 0 Bilateral 1 19 1 13 76 107 53 3 3 3 Concessional 1 17 1 13 76 107 50 1 1 2 Private creditors 1 24 2 1 4 1 2 3 3 5 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 8 0 0 0 0 0 0 0 0 Other private 1 16 2 1 4 1 2 3 3 5 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commnercial banks 0 0 0 0 0 0 0 0 0 0 Memo: IBRD 1 0 0 0 0 0 0 0 0 0 IDA 0 1 5 6 2 6 6 6 4 0 NET TRANSFERS ON DEBT -1 157 65 26 -39 -104 -162 -14 61 127 Public and publicly guaranteed -1 157 65 26 -39 -104 -162 -14 61 127 Official creditors -7 152 76 28 -67 -112 -196 -30 -38 49 Multilateral -3 36 43 -10 -12 -23 -37 -39 -26 -3 Concessional 0 36 44 -9 -11 -22 -36 -38 -25 -3 Bilateral -4 117 33 38 -56 -89 -159 9 -13 52 Concessional -3 125 33 38 -56 -89 -156 11 -10 53 Private creditors 6 5 -10 -2 29 8 33 16 99 78 Bonds 0 0 0 0 0 0 0 0 0 0 Cormnercial banks 0 -6 0 0 0 0 0 0 0 0 Other private 6 11 -10 -2 29 8 33 16 99 78 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Conunercial banks 0 0 0 0 0 0 0 0 0 0 Memo: IBRD -3 0 0 0 0 0 0 0 0 0 IDA 0 22 48 4 -6 -8 -16 -17 -11 0 DEBT SERVICE (LTDS) 23 112 57 52 ill 162 248 157 114 88 Public and publicly guaranteed 23 112 57 52 Ill 162 248 157 114 88 Official creditors 10 47 44 46 105 143 212 126 71 51 Multilateral 3 3 25 31 26 35 37 38 26 3 Concessional 0 2 24 30 25 34 36 37 25 3 Bilateral 6 44 19 16 79 108 175 88 45 49 Concessional 6 35 19 16 79 108 172 85 43 47 Private creditors 1 3 65 1 3 6 6 20 36 31 43 36 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 21 0 0 0 0 0 0 0 0 Other private 13 44 13 6 6 20 36 31 43 36 Pr-ivate nonguaranteed 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Comimercial banks 0 0 0 0 0 0 0 0 0 0 Memo: IBRD 3 0 0 0 0 0 0 0 0 0 IDA 0 1 9 11 6 1 5 16 16 11 0 UNDISBURSED DEBT 106 1,282 915 879 910 951 859 893 745 563 Official creditors 74 1,072 890 813 836 874 770 674 615 510 Private creditors 32 211 24 66 74 76 89 219 130 53 Memorandum itemis Concessional LDOD 56 1,090 4,112 4,632 4,985 5,679 4,886 4,331 4,079 4,417 Variable rate LDOD 0 70 0 0 0 0 0 0 0 0 Public sector LDOD 106 1,390 4,466 5,003 5,394 6,154 5,378 4,804 4,629 5,071 Private sector LDOD 0 0 0 0 0 0 0 0 0 0 6. CURRENC1''COM%POSrFlON OF LONG-TERM DEBr (PERCENT) Deutsche mark 15.4 11.6 12.4 11.8 10.6 11.2 12.0 12.0 11.3 11.4 French franc 0.0 2.6 3.0 1.4 1.2 1.2 1.4 1.4 1.3 1.3 Japanese yen 0.0 42.8 46.8 52.2 55.0 55.9 52.3 50.1 48.8 48.6 Pound sterling 31.2 4.3 1.7 1.3 1.2 1.2 1.3 1.5 1.6 1.4 Swiss franc 0.0 0.2 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 U.S.dollars 21.7 23.3 24.3 22.5 21.7 20.3 22.6 24.7 27.1 27.6 Multiple currency 14.0 7.7 7.6 7.3 7.2 7.1 7.0 6.8 6.6 6.3 Special drawing tights 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 All other currencies 17.7 7.5 4.2 3.5 3.1 3.1 3.4 3.5 3.3 3.4 405 MYANMAR (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 7. DEBr R-ESTRLTCTUFRINGS Total amount rescheduled ..0 0 0 0 0 0 0 0 Debt stock rescheduled 0 0 0 0 0 0 0 0 Principal rescheduled ..0 0 0 0 0 0 0 0 Official 0 0 0 0 0 0 0 0 Private ..0 0 0 a 0 o a a Interest rescheduled 0 0 0 0 0 0 0 0 Official 0 0 0 0 0 0 0 0 Private 0 0 0 0 0 0 0 0 Debt forgiven 0 0 0 0 0 0 0 0 Memo: interest forgiven 0 0 0 0 0 0 0 0 Debt stock reduction 0 0 0 0 0 0 0 0 of whch debt buyback ..0 0 0 0 0 0 0 0 S. DEBT STOCK-FLOWRECONCILL4 lnON Total change in debt stocks 504 480 402 799 -785 -586 -121 617 Net flows on debt 2 171 9 1 1 7 46 30 -74 -23 104 230 Net change in interest arrears .. 90 92 14 26 -29 1 5 24 8 1 Interest capitalized ..0 0 0 0 0 0 0 0 Debt forgiveness or reduction ...0 0 0 0 0 0 0 0 Cross-currency valuation ... 231 379 344 725 -501 -430 -200 238 Residual ... 92 -8 -2 17 -181 -148 -50 69 9. AVER.AGE TERMS OF NEW CONMMITMENTS ALL CREDITORS Interest (%) 4.1 3.5 2.7 1.5 2.3 0.5 1.4 1.4 1.9 3.3 Maturity (years) 16.2 29.0 13.7 7.8 6.2 7.5 14.4 11.1 9.5 7.6 Grace period (years) 4.5 7.3 3.4 1.5 1.0 2.1 8.7 3.2 3.6 3.0 Grant element (%) 33.6 52.2 39.3 29.6 22.7 25.6 39.1 40.2 35.5 25.8 Official creditors Interest (%) 2.9 1.6 1.5 0.0 0.0 2.5 2.8 1.8 2.8 0.0 Maturity (years) 26.1 37.0 16.7 0.0 0.0 24.6 33.0 13.6 15.6 0.0 Grace period (years) 7.3 9.5 5.2 0.0 0.0 7.1 24.4 4.1 5.5 0.0 Grant element (%) 53.4 71.0 53.3 0.0 0.0 55.9 62.6 44.7 43.4 0.0 Private creditors Interest (%) 5.3 8.0 3.5 1.5 2.3 0.0 0.8 1.1 1.7 3.3 Maturity (years) 6.3 10.4 11.6 7.8 6.2 3.4 6.4 8.9 7.8 7.6 Grace period (years) 1.8 2.2 2.1 1.5 1.0 0.9 1.8 2.4 3.1 3.0 Grant element (%) 13.9 8.5 29.4 29.6 22.7 18.4 28.8 36.2 33.3 25.8 Memorandum items Commnitments 48 605 42 45 43 37 118 342 74 27 Official creditors 24 423 17 0 0 7 36 162 16 0 Private creditors 24 182 24 45 43 30 82 181 58 27 10. CONTRAcTUAL OBLIGATIONS ON OUTSTANDING LONG-TERM DEBT 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 TOTAL Disbursements 37 32 15 7 5 3 2 1 1 1 Principal 264 265 266 233 229 227 213 203 186 177 Interest 56 52 48 43 38 34 30 26 23 20 Official creditors Disbursements 22 19 9 5 4 3 2 1 1 1 Principal 216 201 203 187 191 193 190 190 183 177 Interest 52 49 45 41 37 33 30 26 23 20 Bilateral creditors Disbursements 22 1 8 8 4 3 2 2 1 1 1 Principal 180 163 162 145 147 14? 144 143 136 130 Interest 42 39 35 32 28 25 22 19 16 13 Multilateral creditors Disbursements 1 2 1 1 1 0 0 0 0 0 Principal 36 38 40 42 44 46 46 47 47 47 Interest 10 10 10 9 9 8 8 8 7 7 Private creditors Disbursements 14 12 6 2 1 0 0 0 0 0 Principal 48 64 63 46 38 34 22 1 3 3 0 Interest 4 3 3 2 1 1 0 0 0 0 Commercial banks Disbursements 0 0 0 0 0 0 0 0 0 0 Principal 0 0 0 0 0 0 0 0 0 0 Interest 0 0 0 0 0 0 0 0 0 0 Other private Disbursements 14 1 2 6 2 1 0 0 0 0 0 Principal 48 64 63 46 3 8 34 22 1 3 3 0 Interest 4 3 3 2 1 1 0 0 0 0 406 NEPAL (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 1. SiUMN1ItlAR I DEBT DATA TOTAL DEBT STOCKS (EDT) 205 1,640 1,807 2,010 2,328 2,418 2,411 2,390 2,646 Long-term debt (LDOD) 3 156 1,572 1,758 1,940 2,210 2,347 2,346 2,332 2,591 Public and publicly guaranteed 3 156 1,572 1,758 1,940 2,210 2,347 2,346 2,332 2,591 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Use of IMF credit 0 42 44 44 49 55 48 39 30 24 Short-term debt 7 24 6 21 63 23 26 28 31 of which interest arrears on LDOD ..0 4 4 3 2 2 2 1 2 Officialicreditors 0 4 4 3 2 2 2 1 2 Private creditors 0 0 0 0 0 0 0 0 0 Memo: principal affears on LDOD 0 6 8 7 6 8 10 9 9 Officialicreditors 0 6 8 6 3 3 4 4 4 Private creditors 0 0 1 2 3 5 6 5 4 Memo: export credits 0 109 86 75 82 41 31 82 73 TOTAL DEBT FLOWS Disbursements 1 69 173 140 194 203 163 158 213 178 Long-terin debt 1 50 173 132 187 195 163 158 213 178 IMFpurchases 0 1 8 0 8 8 8 0 0 0 0 Principal repayments 2 3 42 38 41 48 52 47 70 61 Long-term debt 2 2 29 37 39 43 44 39 63 54 IMF repurchases 0 1 1 3 1 2 6 8 8 7 7 Net flows on debt -2 61 134 82 170 198 71 114 145 120 of which short-term debt -5 2 -19 1 6 43 -40 3 3 2 Interest payments (INT) 5 29 29 28 32 32 31 28 27 Long-termn debt 0 2 26 28 28 30 29 30 26 26 1IM1Feharges 0 1 2 0 0 0 0 0 0 0 Short-termndebt ..2 2 1 1 2 2 1 1 2 Net transfers on debt .. 56 105 53 142 165 39 83 118 92 Total debt service paid (TDS) ..8 71 68 69 81 84 78 98 88 Long-term debt 2 4 55 66 66 73 74 69 89 80 vIMFrepurchases and charges 0 1 14 1 2 6 8 8 7 7 Short-term debt (interest only) 2 2 1 1 2 2 1 1 2 2. AGG REGATE NETY RESOU RCE FLOWS AN D NET TRANSFERS (LONG-TERMI NET RESOURCE FLOWS 7 127 293 256 300 329 297 279 312 253 Net flow of long-termndebt (ex. IMF) -2 48 144 94 148 152 119 119 150 124 Foreign direct investment (net) 0 0 6 4 6 7 8 1 9 23 12 Portfolio equity flows 0 0 0 0 0 0 0 0 0 0 Grants (excluding techrnical coop.) 9 79 143 158 146 170 171 141 140 117 Memo: technical coop. grants 8 5 1 109 125 145 141 142 141 132 136 official net resource flows 7 127 301 263 304 331 294 264 300 253 private net resource flows 0 0 -8 -7 -4 -2 3 1 6 1 2 -1 NET TRANSFERS 7 125 267 228 273 299 268 250 286 227 Interest on long-termn debt 0 2 26 28 28 30 29 30 26 26 Profit renmittances on FDI 0 0 0 0 0 0 0 0 0 0 Memo: official net transfers 7 125 287 244 284 307 271 238 278 231 private net transfers 0 0 -20 -16 -12 -8 -2 1 1 8 - 3. M~AJOR ECONONUC AGGREGATES Gross national product (GNP) 866 1,958 3,695 3,540 3,842 4,124 4,485 4,574 5,004 4,880 Exports of goods & services (XGS) 7 1 269 524 651 775 1,072 1,206 1,112 1,428 1,260 of which workers remittances .. 30 61 54 66 70 101 78 98 113 Imports of goods & services (MGS) 96 368 774 933 1,059 1,282 1,529 1,645 1,885 1,671 Intemational reserves (RES) 94 272 354 518 700 752 646 628 671 800 Current account balance -1 -93 -251 -275 -296 -225 -343 -527 -460 -422 4. DEBT INDICATORS EDT /XGS(% . 76.0 312.9 277.6 259.4 217.2 200.5 216.9 167.4 210.1 EDT /GNP(% . 10.4 44.4 51.0 52.3 56.4 53.9 52.7 47.8 54.2 TDS / XGS (% . 2.9 13.6 10.4 8.9 7.5 7.0 7.0 6.9 7.0 I.NT / XGS (% . 1.9 5.6 4.5 3.7 3.0 2.7 2.8 2.0 2.2 lINT / GNP (% . 0.3 0.8 0.8 0.7 0.8 0.7 0.7 0.6 0.6 RES /EDT(% . 133.0 21.6 28.7 34.8 32.3 26.7 26.0 28.1 30.3 RES /MGS (months) 11.8 8.9 5.5 6.7 7.9 7.0 5.1 4.6 4.3 5.8 Short-term /EDT (%) .. 3.4 1.5 0.3 1.0 2.7 1.0 1.1 1.2 1.2 Concessional /EDT (% . 75.7 88.5 92.1 92.5 91.9 94.2 94.7 95.5 96.5 Multilateral /EDT (%) .. 62.0 77.3 80.2 79.0 77.5 80.8 82.4 83.2 84.4 407 NEPAL (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 5. LONG-TERM DEBT DEBT OUTSTANDING (LDOD) 3 156 1,572 1,758 1,940 2,210 2,347 2,346 2,332 2,591 Public and publicly guaranteed 3 156 1,572 1,758 1,940 2,210 2,347 2,346 2,332 2,591 Official creditors 2 156 1,462 1,671 1,864 2,141 2,281 2,285 2,285 2,555 Multilateral 0 127 1,268 1,449 1,588 1,805 1,952 1,986 1,989 2,233 Concessional 0 126 1,259 1,442 1,583 1,802 1,950 1,984 1,987 2,231 Bilateral 2 29 193 222 276 337 329 299 296 322 Concessional 2 29 193 222 276 337 329 299 296 322 Private creditors 1 0 110 87 76 69 65 60 47 36 Bonds 0 0 0 0 0 0 0 0 0 0 Comimercial banks 0 0 0 0 0 0 0 0 0 0 Other piivate 1 0 110 87 76 69 65 60 47 36 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 0 0 Memo: IBRD 0 0 0 0 0 0 0 0 0 0 IDA 0 76 668 765 832 932 1,023 1,049 1,047 1,131 DISBURSEMENTS 1 50 173 132 187 195 163 158 213 178 Public and publicly guaranteed 1 50 173 132 187 195 163 158 213 178 Official creditors 1 50 171 130 185 195 163 158 203 178 Multilateral 0 36 150 118 136 153 150 146 158 168 Concessional 0 36 150 118 136 153 150 146 158 168 Bilateral 0 14 21 12 49 42 1 3 12 45 10 Concessional 0 14 21 12 49 42 13 12 45 10 Private creditors 0 0 2 2 2 0 0 0 9 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 0 0 Other private 0 0 2 2 2 0 0 0 9 0 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 0 0 Memo: IBRD 0 0 0 0 0 0 0 0 0 0 IDA 0 25 70 71 69 76 8 1 62 54 63 PRINCIPAL REPAYMENTS 2 2 29 37 39 43 44 39 63 54 Public and publicly guaranteed 2 2 29 37 39 43 44 39 63 54 Official creditors 2 2 13 25 27 34 40 36 43 42 Multilateral 0 2 10 17 17 23 24 26 28 26 Concessional 0 2 10 15 15 20 24 26 28 26 Bilateral 2 0 3 8 1 1 1 1 16 9 1 5 15 Concessional 1 0 3 8 1 1 1 1 16 9 15 15 Private creditors 0 0 16 13 1 1 9 5 4 20 13 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 0 0 Other private 0 0 1 6 1 3 1 1 9 5 4 20 1 3 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 0 0 Memo: IBRD 0 0 0 0 0 0 0 0 0 0 IDA 0 0 2 3 4 5 7 8 9 1 1 NET FLOWS ON DEBT -2 48 144 94 148 152 119 119 150 124 Public and publicly guaranteed -2 48 144 94 148 152 119 119 150 124 Official creditors -2 48 158 105 158 161 124 122 160 137 Multilateral 0 35 140 101 119 130 127 119 131 142 Concessional 0 35 140 103 121 133 127 119 131 142 Bilateral -2 14 18 4 38 3 1 -3 3 30 -5 Concessional 0 14 18 4 38 3 1 -3 3 30 -5 Private creditors 0 0 -14 -11 -10 -9 -5 -4 -11 -13 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 0 0 Other private 0 0 -14 -11 -10 -9 -5 -4 -11 -13 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 0 0 Memo: IBRD 0 0 0 0 0 0 0 0 0 0 IDA 0 25 68 68 66 70 74 54 45 52 408 NEPAL (US$ mnillion, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 INTEREST PAYMENTS (LINT) 0 2 26 28 28 30 29 30 26 26 Public and publicly guaranteed 0 2 26 28 28 30 29 30 26 26 Official creditors 0 2 14 19 20 24 24 25 22 23 Multilateral 0 1 10 14 14 17 17 17 17 18 Concessional 0 1 10 13 13 16 17 17 17 18 Bilateral 0 1 4 5 6 7 7 8 5 5 Concessional 0 1 4 5 6 7 7 8 5 5 Private creditors 0 0 12 10 8 6 5 4 4 3 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 0 0 Other private 0 0 1 2 1 0 8 6 5 4 4 3 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Comimercial banks 0 0 0 0 0 0 0 0 0 0 Memo: IBRD 0 0 0 0 0 0 0 0 0 0 IDA 0 0 5 6 6 7 7 8 8 8 NET TRANSFERS ON DEBT -2 46 118 66 120 122 89 89 123 98 Public and publicly guaranteed -2 46 118 66 120 122 89 89 123 98 Official creditors -2 46 144 87 138 137 100 97 138 114 Multilateral 0 33 130 88 105 113 110 102 114 124 Concessional 0 34 130 90 108 117 110 102 114 124 Bilateral -2 13 14 -1 33 24 -10 -5 25 -10 Concessional 0 13 14 -1 33 24 -10 -5 25 -10 Private creditors 0 0 -26 -20 -18 -15 -10 -8 -15 -16 Bonds 0 0 0 0 0 0 0 0 0 0 Comimercial banks 0 0 0 0 0 0 0 0 0 0 Other private 0 0 -26 -20 -18 -15 -10 -8 -15 -16 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 0 0 Memo: IBRD 0 0 0 0 0 0 0 0 0 0 IDA 0 25 63 62 60 64 67 46 38 44 DEBT SERVICE (LTDS) 2 4 55 66 66 73 74 69 89 80 Public and publicly guaranteed 2 4 55 66 66 73 74 69 89 80 Official creditors 2 4 27 43 47 58 63 61 65 64 Multilateral 0 3 20 30 3 1 39 40 43 45 44 Concessional 0 3 20 28 28 36 40 43 45 44 Bilateral 2 1 7 13 16 19 23 17 21 20 Concessional 1 1 7 13 16 19 23 17 21 20 Private creditors 0 0 27 22 19 15 10 8 24 16 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 0 0 Other private 0 0 27 22 1 9 1 5 1 0 8 24 1 6 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commnercial banks 0 0 0 0 0 0 0 0 0 0 Memo: IBRD 0 0 0 0 0 0 0 0 0 0 IDA 0 1 7 9 10 12 14 16 17 19 UNDISBURSED DEBT 26 366 1,318 1,229 1,035 995 799 878 779 665 Official creditors 26 366 1,307 1,222 1,031 990 794 873 777 662 Private creditors 0 0 10 6 4 5 5 5 2 2 Memorandum itemis Concessional LDOD 2 155 1,452 1,664 1,859 2,138 2,278 2,283 2,283 2,552 Variable rate LDOD 0 0 0 0 0 0 0 0 0 0 Public sector LDOD 3 156 1,566 1,756 1,939 2,209 2,346 2,345 2,332 2,590 Private sector LDOD 0 0 5 2 1 1 1 1 1 1 6. CURRENCY CONU'OSITION OF L-ONG-TERMN DEBT IPERCENT) Deutsche mark 21.4 0.0 0.9 0.6 0.4 0.3 0.3 0.3 0.2 0.2 French franc 0.0 0.3 2,0 1.3 1.2 1.9 1.9 1.8 1.6 1.5 Japanese yen 0.0 7.9 8.4 9.6 11.7 12.3 11.2 9.8 10.2 9.9 Pound sterlinig 50.0 0.1 0.2 0.1 0.1 0.1 0.1 0.1 0.1 0.1 Swiss franc 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 U.S.dollars 7.1 49.5 49.6 48.7 46.7 44.3 43.8 43.7 42.5 41.4 Multiple currency 3.6 31.2 32.6 34.4 35.1 36.0 35.9 35.9 36.5 37.7 Special drawing rights 0.0 0.0 2.7 2.3 2.4 3.2 5.0 6.4 7.1 7.4 All other currencies 17.9 11.0 3.6 3.0 2.4 1.9 1.8 2.0 1.8 1.8 409 NEPAL (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 7. DEBT RESTIRL[CTUrRINGS Total amount rescheduled 0 0 0 0 0 0 0 0 Debt stock rescheduled 0 0 0 0 0 0 0 0 Principal rescheduled ..0 0 0 0 0 0 0 0 Official 0 0 0 0 0 0 0 0 Private 0 0 0 0 0 0 0 0 Interest rescheduled 0 0 0 0 0 0 0 0 Official 0 0 0 0 0 0 0 0 Private 0 0 0 0 0 0 0 0 Debt forgiven 0 2 0 0 0 0 0 0 Memo: interest forgiven 0 0 0 0 0 0 0 0 Debt stock reduction 0 0 0 0 0 0 0 0 of which debt buyback 0 0 0 0 0 0 0 0 8. DEBT STOCK-F LOW RECONCLLL1'TION Total change in debt stocks ... 272 30 203 318 90 -7 -20 255 Net flows on debt -2 6 1 134 82 170 198 7 1 114 145 120 Net change in interest ar-rears ..1 -1 -1 -1 0 0 0 0 Interest capitalized ...0 0 0 0 0 0 0 0 Debt forgiveness or reduction ...0 -2 0 0 0 0 0 0 Cross-cur-rency valuation ..22 -6 23 45 0 -36 -44 46 Residual ... 116 -43 1 1 77 19 -85 -121 90 9. AVERAGE TERMS OF NE%% C.oNIM,rITENTS ALL CREDITORS Interest (%) 2.8 0.8 0.9 0.9 1.0 0.8 3.7 3.2 0.8 3.3 Maturity (years) 26.9 46.0 39.3 39.7 39.7 38.7 36.1 38.7 36.8 38.3 Grace period (years) 6.2 10.2 10.3 10.2 10.2 10.1 9.2 10.3 9.7 9.8 Grant element (%) 53.1 81.2 78.9 79.4 78.5 80.0 51.0 58.7 77.3 56.9 Official creditors Interest (%) 2.8 0.8 0.9 0.9 1.0 0.8 3.7 3.2 0.9 3.3 Maturity (years) 26.9 46.0 39.3 39.7 39.7 38.7 36.1 38.7 37.7 38.3 Grace period (years) 6.2 10.2 10.3 10.2 10.2 10.1 9.2 10.3 9.9 9.8 Grant element (%) 53.1 81.2 78.9 79.4 78.5 80.0 51.0 58.7 78.2 56.9 Private creditors Interest (%) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.6 0.0 Maturity (years) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 17.9 0.0 Grace period (years) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 4.7 0.0 Grant element (%) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 57.1 0.0 Memorandum items Commiitments 17 92 220 303 57 112 60 290 191 78 Official creditors 17 92 220 303 57 112 60 290 182 78 Private creditors 0 0 0 0 0 0 0 0 9 0 10. CONTRACrLIAL OBLIGA [IONS ON OUTsrANDING LONG-TERMI DEBT 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 TOTAL Disbursements 212 179 123 84 40 17 7 1 0 0 Principal 65 68 64 70 74 78 85 93 97 105 Interest 29 30 30 30 30 29 29 29 33 32 Official creditors Disbursements 211 179 123 84 40 17 7 1 0 0 Principal 53 60 63 69 73 77 84 92 96 104 Interest 28 29 30 30 30 29 28 29 33 32 Bilateral creditors Disbursements 3 1 20 12 6 3 2 0 0 0 0 Principal 22 22 23 23 23 23 23 23 22 22 Interest 6 6 5 5 5 4 4 4 3 3 Multilateral creditors Disbursements 180 159 112 78 38 15 7 1 0 0 Principal 32 38 40 46 50 54 61 69 74 82 Interest 22 23 25 25 25 25 25 25 30 30 Private creditors Disbursements 1 1 0 0 0 0 0 0 0 0 Principal 12 8 1 1 1 1 1 1 1 1 Interest 2 1 0 0 0 0 0 0 0 0 Commercial banks Disbursements 0 0 0 0 0 0 0 0 0 0 Principal 0 0 0 0 0 0 0 0 0 0 Interest 0 0 0 0 0 0 0 0 0 0 Other private Disbursements I 1 0 0 0 0 0 0 0 0 Principal 12 8 1 1 1 1 1 1 1 1 Interest 2 1 0 0 0 0 0 0 0 0 410 NICARAGUA (US mllon unes ohewis idiatd) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 I. SUMMA.RuI DEBT D.%TA TOTAL DEBT STOCKS (EDT) 2,190 10,708 11,178 11,409 12,104 10,359 5,932 5,697 5,968 Long-term debt (LDOD) 147 1,669 8,281 9,312 9,441 9,762 8,541 5,125 4,839 5,212 Public and publicly guaranteed 147 1,669 8,281 9,312 9,441 9,762 8,541 5,125 4,839 5,212 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Useof IMF credit 8 49 0 23 23 51 39 29 27 52 Short-term debt .. 472 2,427 1,843 1,945 2,292 1,779 778 832 704 of which interest arrears on LDOD 12 1,688 1,427 1,582 1,996 1,469 475 567 656 official creditors 5 1,062 743 902 1,295 1,452 469 555 641 Private creditors 8 626 684 680 701 18 6 12 15 Memo: principal arrears on LDOD 32 2,452 3,186 3,527 4,337 3,209 967 899 925 Official creditors .. 13 1,479 2,095 2,443 3,237 2,893 696 676 705 Private creditors 19 973 1,092 1,084 1,100 316 271 222 220 Memo: export credits 0 643 550 536 618 470 750 633 641 TOTAL DEBT FLOWS Disbursements 54 276 577 283 102 368 277 226 177 283 Long-term debt 44 276 577 283 102 339 277 226 177 260 RAF purchases 1 0 0 0 0 0 29 0 0 0 23 Principal repayments 29 46 4 42 65 103 203 134 182 86 Long-term debt 1 6 45 4 42 65 100 190 124 182 86 IMFrepurchases 1 3 1 0 0 0 3 1 3 9 0 0 Net flowvs on debt 72 345 593 223 -16 198 88 85 -44 -20 of which short-term debt .. 115 21 -18 -53 -67 14 -7 -38 -217 Interest payments (INT) .. 69 1 1 65 69 104 86 85 144 164 Long-termn debt 7 42 5 36 55 96 76 72 129 86 IMF charges 0 3 0 2 1 1 1 0 00 Short-term debt .. 25 6 27 1 3 7 8 1 3 1 5 78 Net transfers on debt .. 276 582 158 -85 94 3 0 -187 -184 Total debt service paid (TDS) 115 16 106 134 207 288 219 326 250 Long-term debt 23 86 1 0 78 120 196 266 196 311 171 IMFrepurchases and charges 1 3 3 0 2 1 4 1 4 10 0 0 Short-term debt (interest only) .. 25 6 27 1 3 7 8 1 3 1 5 78 2. AGGREGATE NET RESOUIRCE FLO%%S AND NET TRANSFERS (LONG-TERNI) NET RESOURCE FLOWS 43 279 813 626 284 460 572 816 381 703 Net flow of long-term debt (ex. IMF) 28 231 572 241 37 239 87 101 -5 174 Foreign direct investment (net) 15 0 0 15 39 40 75 97 173 184 Portfolio equity flows 0 0 0 0 0 0 0 0 0 0 Grants (excluding technical coop.) 0 48 241 371 207 181 409 618 214 345 Memo: technical coop. grants 4 19 75 146 116 130 132 118 ill 95 official net resource flows 28 305 793 613 249 426 578 723 224 531 private net resource flows 14 -26 21 13 35 34 -6 93 157 171 NET TRANSFERS 13 217 808 579 218 352 485 733 239 602 Interest on long-termn debt 7 42 5 36 55 96 76 72 129 86 Profit remnittances on FDI 23 21 0 12 10 12 1 1 12 13 15 Memo: official net transfers 25 268 789 578 197 332 505 656 102 449 private net transfers -12 -51 19 1 21 21 -21 77 138 153 3. NLAJOR ECONONUC AGGIREGATES Gross national product (GNP) 3,550 9,743 1,531 1,349 1,390 1,284 1,531 1,559 1,684 1,777 Exports of goods &services (XGS) .. 514 404 327 398 533 730 912 1,031 981 of which workers remiittances ..0 0 10 25 50 75 95 150 200 Imports of goods & services (MGS) .. 1,049 911 1,421 1,251 1,425 1,480 1,609 1,845 1,826 Intemnational reserves (RES) 49 75 166 289 59 146 142 203 382 355 Current account balance .. -411 -305 -769 -604 -647 -520 -435 -598 -599 4. DEBT IN-DICATORSf EDT /XGS (% . 426.1 2,650.5 3,420.5 2,869.5 2,272.7 1,419.1 650.2 552.7 608.4 EDT /GNP(% . 22.5 699.4 828.4 820.8 942.8 676.8 380.4 338.4 335.9 TDS /XGS(% . 22.3 3.9 32.6 33.7 38.9 39.5 24.0 31.6 25.5 INT /XGS (% . 13.4 2.8 19.7 17.4 19.6 11.7 9.4 13.9 16.7 INT /GNP(% . 0.7 0.7 4.8 5.0 8.1 5.6 5.5 8.5 9.2 RES /EDT(% . 3.4 1.6 2.6 0.5 1.2 1.4 3.4 6.7 5.9 RES / MGS (months) .. 0.9 2.2 2.4 0.6 1.2 1.2 1.5 2.5 2.3 Short-termn/ EDT (%) .. 21.6 22.7 16.5 17.1 18.9 17.2 13.1 14.6 11.8 Concessional /EDT(% . 21.4 30.5 33.4 32.9 32.8 37.7 37.1 44.8 48.3 Multilateral /EDT (%) .. 19.2 8.7 9.6 9.8 10.9 14.1 26.2 27.6 29.8 411 NICARAGUA (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 S. LONG-TERNI DEBT DEBT OUTSTANDING (LDOD) 147 1,669 8,281 9,312 9,441 9,762 8,541 5,125 4,839 5,212 Public and publicly guaranteed 147 1,669 8,281 9,312 9,441 9,762 8,541 5,125 4,839 5,212 Official creditors 102 863 6,735 7,218 7,362 7,682 7,531 4,667 4,443 4,785 Multilateral 48 421 930 1,077 1,112 1,317 1,457 1,551 1,571 1,780 Concessional 1 1 197 351 560 573 668 768 856 1,307 1,479 Bilateral 53 442 5,805 6,141 6,250 6,365 6,074 3,116 2,872 3,005 Concessional 49 271 2,919 3,175 3,178 3,303 3,140 1,347 1,247 1,401 Private creditors 45 805 1,546 2,094 2,079 2,080 1,010 458 396 427 Bonds 0 0 0 524 524 524 524 0 0 0 Commercial banks 38 746 1,305 1,394 1,393 1,394 383 409 362 355 Other private 8 59 241 176 162 162 103 48 34 72 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Conmmercial banks 0 0 0 0 0 0 0 0 0 0 Memo: IBRD 27 93 239 104 87 76 65 44 24 1 5 IDA 3 43 60 182 196 254 276 335 368 487 DISBURSEMENTS 44 276 577 283 102 339 277 226 177 260 Public and publicly guaranteed 44 276 577 283 102 339 277 226 177 260 Official creditors 32 276 553 281 101 338 258 209 172 257 Multilateral 1 1 90 7 161 70 248 177 139 127 221 Concessional 4 73 0 126 22 124 117 110 116 215 Bilateral 21 186 546 120 3 1 91 8 1 70 45 37 Concessional 19 108 370 96 8 70 67 55 40 27 Private creditors 12 0 24 2 1 1 20 17 5 2 Bonds 0 0 0 0 0 0 0 0 0 0 Commnercial banks 12 0 0 2 1 1 20 17 5 2 Other private 0 0 24 0 0 0 0 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Comimercial banks 0 0 0 0 0 0 0 0 0 0 Memo: IBRD 6 1 2 0 0 0 0 0 0 0 0 IDA 0 1 9 0 74 1 5 52 1 8 69 5 1 105 PRINCIPAL REPAYMENTS 16 45 4 42 65 100 190 124 182 86 Public and publicly guaranteed 16 45 4 42 65 100 190 124 182 86 Official creditors 4 19 1 38 59 93 89 104 161 7 1 Multilateral 3 14 1 3 1 37 67 47 40 85 37 Concessional 0 2 0 9 9 35 20 1 3 1 1 14 Bilateral 1 5 1 8 22 26 42 64 76 34 Concessional 0 2 0 0 1 1 2 2 3 15 4 Private creditors 13 26 3 4 6 7 101 21 21 15 Bonds 0 0 0 0 0 0 0 8 0 0 Commnercial banks 1 1 20 0 0 0 0 96 8 9 10 Other private 2 6 3 4 6 7 4 4 1 2 5 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Comimercial banks 0 0 0 0 0 0 0 0 0 0 Memo: IBRD 2 4 1 1 6 20 1 8 1 5 1 6 17 9 IDA 0 0 0 1 1 1 1 1 1 1 NET FLOWS ON DEBT 28 231 572 241 37 239 87 101 -5 174 Public and publicly guaranteed 28 231 572 241 37 239 87 101 -5 174 Official creditors 28 257 552 243 42 245 169 105 1 1 187 Multilateral 9 76 6 130 32 180 130 99 42 184 Concessional 4 7 1 0 117 13 89 98 97 105 201 Bilateral 20 181 545 112 10 65 39 6 -31 3 Concessional 18 106 370 96 -3 68 65 52 25 23 Private creditors -1 -26 21 -2 -5 -6 -81 -4 -16 -13 Bonds 0 0 0 0 0 0 0 -8 0 0 Commercial banks 1 -20 0 2 1 0 -77 9 -4 -8 Other private -2 -6 21 -4 -6 -7 -4 -4 -12 -5 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commrercial banks 0 0 0 0 0 0 0 0 0 0 Memo: IBRD 4 8 -1 -16 -20 -18 -15 -16 -17 -9 IDA 0 19 0 73 14 5 1 17 68 49 104 412 NICARAGUA (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 INTEREST PAYMENTS (LINT) 7 42 5 36 55 96 76 72 129 86 Public and publicly guaranteed 7 42 5 36 55 96 76 72 129 86 Official creditors 3 38 4 35 52 95 73 68 123 82 Multilateral 2 29 1 22 26 55 33 45 55 45 Concessional 0 7 0 6 7 25 1 1 1 1 1 1 28 Bilateral 1 9 3 13 27 40 39 22 68 37 Concessional 1 3 0 4 12 18 19 1 1 27 9 Private creditors 4 4 1 1 3 1 3 4 6 3 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 3 0 0 0 0 0 3 3 6 3 Otier private 0 4 1 1 3 1 1 1 1 1 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 0 0 Memo: IBRD 2 1 1 1 10 10 8 6 6 3 2 IDA 0 0 0 1 1 2 2 3 3 3 NET TRANSFERS ON DEBT 21 190 567 205 -18 143 12 30 -134 88 Public and publicly guaranteed 21 190 567 205 -18 143 12 30 -134 88 Official creditors 25 220 548 208 -10 151 96 38 -112 104 Multilateral 7 47 5 109 7 126 97 54 -13 139 Concessional 4 64 0 112 6 64 87 86 94 174 Bilateral 19 173 543 99 -17 25 -1 -16 -99 -35 Concessional 1 8 103 370 92 -15 50 46 42 -2 14 Private creditors -5 -30 19 -3 -8 -8 -85 -8 -23 -16 Bonds 0 0 0 0 0 0 0 -8 0 0 Commnercial banks -2 -20 0 2 1 0 -80 5 -9 -11 Other private -2 -10 20 -4 -9 -8 -5 -5 -13 -5 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Conimercial banks 0 0 0 0 0 0 0 0 0 0 Memo: IBRD 3 -3 -2 -26 -29 -25 -21 -22 -20 -11 IDA 0 19 0 72 12 49 16 65 47 101 DEBT SERVICE (LTDS) 23 86 10 78 120 196 266 196 311 171 Public and publicly guaranteed 23 86 10 78 120 196 266 196 311 171 Official creditors 7 56 5 73 III 188 162 171 284 153 Multilateral 5 43 2 52 63 122 8 1 85 140 82 Concessional 0 8 0 15 16 60 30 24 22 42 Bilateral 2 1 3 3 21 48 66 8 1 86 144 7 1 Concessional 1 5 0 4 23 20 21 14 42 13 Private creditors 16 30 4 4 9 8 104 25 27 18 Bonds 0 0 0 0 0 0 0 8 0 0 Commercial banks 14 20 0 0 0 0 99 1 1 14 1 3 Other private 3 10 4 4 9 8 5 5 1 3 5 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 0 0 Memo: IBRD 3 15 1 26 29 25 21 22 20 1 1 IDA 0 0 0 1 3 3 3 4 4 4 UNDISBURSED DEBT 62 449 563 718 896 1,078 1,071 640 407 628 Official creditors 52 418 552 712 891 1,054 1,047 628 397 620 Private creditors 9 30 1 1 6 5 24 24 12 10 8 Memorandum items Concessional LDOD 59 468 3,269 3,736 3,751 3,971 3,908 2,203 2,554 2,880 Variable rate LDOD 0 796 1,829 2,017 1,939 2,010 1,125 1,331 1,169 1,192 Public sector LDOD 138 1,654 8,281 9,312 9,441 9,762 8,541 5,115 4,830 5,180 Private sector LDOD 9 15 0 0 0 0 0 10 9 4 6. CUIRRENCI'CON'4POS[TION OF LONG-TERM! DEBT iPERCENTI Deutsche mark 4.0 2.9 1.3 1.9 1.7 1.9 4.8 8.2 7.7 8.2 French franc 0.0 0.0 1.3 1.3 1.2 1.3 2.0 2.9 2.2 2.3 Japanese yen 0.0 0.0 0.0 0.8 0.9 1.2 1.3 2.3 2.2 2.3 Pound sterling 1.6 0.2 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Swiss franc 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.1 0.1 0.1 U.S.dollars 66.4 72.6 80.1 79.1 80.4 79.4 72.8 60.1 67.2 66.7 Multiple cuffency 28.1 20.9 10.4 9.0 8.8 8.6 10.4 17.7 12.6 11.8 Special drawing rights 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.1 0.1 0.2 All other currencies 0.0 3.4 6.9 7.9 7.0 7.6 8.7 8.6 7.9 8.4 413 NICARAGUA (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 7. DEBT REST RLJCT'URINGS Total amount rescheduled .. 30 73 55 6 263 858 466 126 Debt stock rescheduled 0 0 2 0 0 668 367 44 Principal rescheduled 0 53 62 4 249 303 36 45 Official 0 43 60 3 188 255 36 42 Private 0 11 2 1 61 49 0 3 Interest rescheduled 30 33 28 3 94 203 3 37 Official 30 27 27 3 57 193 3 36 Private 0 5 1 0 37 10 0 1 Debt forgiven ..0 6 2 7 530 23 182 39 Memo: interest forgiven 0 2 0 0 762 923 2 10 Debt stock reduction 0 0 0 9 1,200 3,065 116 0 of which debt buyback ...0 0 0 0 89 0 0 0 8. DEBT STOCK-FLOW RECONCILIATION Total change in debt stocks ... 1,057 266 231 695 -1,745 -4,428 -234 271 Net flows on debt 72 345 593 223 -16 198 88 85 -44 -20 Net change in interest arrears ... 345 126 155 413 -526 -994 92 89 Interest capitalized ... 30 33 28 3 94 203 3 37 Debt forgiveness or reduction ...0 -6 -2 -15 -1,641 -3,088 -297 -39 Cross-currency valuation ... 107 -90 -71 77 79 -92 -123 61 Residual ... -18 -20 138 19 162 -542 135 142 9. AVERAGE TERMS OF NEW CONMMITM%lENTS ALL CREDITORS Interest (%) 7.1 4.0 4.6 4.5 4.5 3.1 2.7 2.0 2.9 1.8 Maturity (years) 17.9 25.3 10.1 23.2 24.9 30.3 30.6 30.2 24.7 .36.3 Grace period (years) 3.9 6.7 1.7 6.2 5.9 8.1 7.9 8.1 5.8 9.3 Grant element (%) 18.9 44.1 20.9 39.7 40.9 55.4 58.9 60.4 48.6 69.1 Official creditors Interest (%) 5.8 3.9 4.4 4.5 4.5 3.0 2.3 2.0 3.1 1'.8 Maturity (years) 27.8 26.4 10.3 23.2 24.9 31.2 32.2 30.0 23.8 36.3 Grace period (years) 6.5 7.0 1.8 6.2 5.9 8.4 8.4 8.1 5.6 9.3 Grant element (%) 32.7 45.5 21.8 39.7 40.9 57.1 62.5 60.1 47.3 69.1 Private creditors Interest (%) 8.6 4.3 9.4 0.0 0.0 6.0 7.4 0.0 0.7 0.0 Maturity (years) 7.0 9.2 4.9 0.0 0.0 7.6 8.2 39.7 39.6 0.0 Grace period (years) 1.0 2.1 0.4 0.0 0.0 1.9 1.0 10.2 10.1 0.0 Grant element (%) 3.7 22.7 0.9 0.0 0.0 13.3 8.1 74.9 69.0 0.0 Memorandum items Commiitments 23 434 447 293 265 527 361 208 55 571 Official creditors 12 408 429 293 265 508 337 203 51 571 Private creditors 11 27 1 8 0 0 20 24 5 3 0 10. CONTRACTUAL OBLIGATIONS ON OLITSTANDING LONG-TERM DEBT 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 TOTAL Disbursements 169 180 121 88 57 33 19 2 0 0 Principal 200 215 176 303 194 164 186 172 174 180 Interest 120 119 136 136 124 115 109 102 95 87 Official creditors Disbursements 166 177 120 88 57 33 19 2 0 0 Principal 184 201 159 275 174 149 152 158 160 165 Interest 110 108 125 125 115 107 102 97 90 83 Bilateral creditors Disbursements 39 25 14 8 4 2 1 0 0 0 Principal 149 151 121 236 133 106 103 104 104 109 Interest 60 60 77 78 69 62 57 52 47 42 Multilateral creditors Disbursements 127 152 106 80 54 3 1 18 2 0 0 Principal 35 49 38 39 41 43 48 54 56 57 Interest 50 49 48 47 46 45 45 45 43 42 Private creditors Disbursements 4 3 1 1 0 0 0 0 0 0 Principal 1 5 14 17 28 19 15 35 14 14 14 Interest 10 I11 1 1 1 1 9 8 7 6 5 4 Comimercial banks Disbursements 1 0 0 0 0 0 0 0 0 0 Principal 15 1 3 9 9 7 6 26 5 5 5 Interest 6 5 5 4 4 4 3 2 2 2 Other private Disbursements 3 3 1 1 0 0 0 0 0 0 Principal 0 1 8 19 13 9 9 9 9 9 Interest 4 6 6 6 5 5 4 4 3 2 414 NIGER (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 1. StUrtMARN' DEBTr DATA TOTAL DEBT STOCKS (EDT) 863 1,726 1,517 1,542 1,525 1,586 1,536 1,576 1,659 Long-term debt (LDOD) 32 687 1,487 1,371 1,391 1,425 1,463 1,439 1,424 1,521 Public and publicly guaranteed 32 383 1,226 1,166 1,210 1,268 1,330 1,330 1,328 1,449 Private nonguaranteed 0 305 261 205 181 157 133 110 96 72 Use of IMF credit 0 16 85 61 52 61 52 53 61 76 Short-term debt 159 153 84 99 39 71 44 92 63 of which interest arrears on LDOD 0 31 46 71 24 52 24 35 34 Official creditors 0 16 46 70 24 52 24 35 34 Private creditors 0 16 0 0 0 0 0 0 0 Memo: principal arrears on LDOD 1 80 87 103 40 75 58 62 60 Official creditors 1 39 87 102 40 75 58 62 60 Private creditors 0 41 1 1 0 0 0 0 0 Memo: export credits 0 398 302 315 131 263 233 223 236 TOTAL DEBT FLOWS Disbursements 12 290 148 83 100 89 28 55 ill ill Long-term debt 12 281 139 83 100 73 28 41 85 85 EMF purchases 0 10 9 0 0 16 0 14 27 26 Principal repayments 2 58 63 36 66 48 41 45 45 50 Long-term debt 2 58 47 27 56 38 31 33 30 36 EMF repurchases 0 0 16 10 10 10 10 12 15 14 Net flows on debt 11 286 123 48 25 27 -9 13 102 33 of which short-term debt 53 38 2 -9 -14 4 2 36 -28 Interest payments (INT) 84 36 17 24 18 15 12 15 12 Long-term debt 1 65 23 1 3 22 15 1 3 10 1 3 11 UIMFcharges 0 0 4 2 1 1 1 1 1 1 Short-termndebt 19 9 2 2 2 1 1 2 1 Net transfers on debt .. 202 87 31 1 9 -24 1 87 21 Total debt service paid (TDS) -- 141 99 53 90 66 56 56 61 62 Long-term debt 2 122 71 40 78 53 44 43 43 47 viMF repurchases and charges 0 0 19 11 10 1 1 11 1 3 16 1 5 Short-term debt (interest only) 19 9 2 2 2 1 1 2 1 2. AGGREGATE NET RESOUiRCE FLOWSN AD NE.T TRANSFERS (LONG-TERNIM NET RESOURCE FLOWS 26 324 316 320 208 279 167 164 247 208 Net flow of long-term debt (ex. IIMF) 11 223 92 56 44 35 -3 8 54 49 Foreign direct investment (net) 1 49 - 1 56 -34 -11 0 0 2 1 Portfolio equity flows 0 0 0 0 0 0 0 0 0 0 Grants (excluding technical coop.) 1 5 51 226 207 198 255 170 155 190 158 Memo: technical coop. grants 11 62 102 130 123 102 108 87 72 72 official net resource flows 26 125 308 283 267 314 191 187 258 230 private net resource flows 0 199 9 36 -58 -35 -24 -24 -12 -23 NET TRANSFERS 23 248 293 306 187 264 154 153 234 197 Interest on long-term debt 1 65 23 13 22 15 13 10 13 11 Profit remittances on FDI 2 11 0 0 0 0 0 0 0 0 Memo: official net transfers 25 118 301 278 252 305 184 182 249 221 private net transfers -2 130 -8 28 -66 -41 -29 -29 -15 -24 3. MAJOR ECONONI?C AGGREGATES Gross national product (GNP) 645 2,476 2,423 2,314 1,582 1,533 1,830 1,959 1,831 2,020 Exports of goods & services (XGS) .. 650 566 443 370 278 333 341 305 337 of which workers remittances ..6 1 3 18 14 6 6 . Imports of goods & services (MGS) .. 1,016 803 652 528 466 510 497 468 508 Intemnational reserves (RES) 19 132 226 229 196 115 99 83 56 53 Cur-rent account balance .. -276 -236 -159 -97 -126 -152 -181 -185 -192 4. DEBT INDICATORS EDT I XGS (%) .. 132.8 304.7 342.7 416.7 547.7 475.7 450.4 516.2 492.3 EDT /GNP (%) .. 34.9 71.2 65.5 97.5 99.5 86.7 78.4 86.1 82.1 TDS /XGS(% . 21.7 17.4 12.0 24.2 23.7 16.7 16.5 19.8 18.4 INT / XGS (% . 12.9 6.4 3.8 6.5 6.4 4.4 3.5 5.0 3.6 INT /GNP(% . 3.4 1.5 0.7 1.5 1.2 0.8 0.6 0.8 0.6 RES /EDT(% . 15.4 13.1 15.1 12.7 7.5 6.2 5.4 3.6 3.2 RES /MGS (months) .. 1.6 3.4 4.2 4.5 3.0 2.3 2.0 1.5 1.3 Short-term /EDT (%) .. 18.5 8.9 5.6 6.5 2.6 4.5 2.9 5.8 3.8 Concessional /EDT (% . 17.9 47.9 58.1 60.5 64.2 64.2 67.2 67.0 70.2 Multilateral / EDT (%i) .. 16.5 40.7 47.7 48.9 54.7 55.1 56.9 55.9 58.0 415 NIGER (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 5. LONG-T ERM DEBT DEBT OUTSTANDING (LDOD) 32 687 1,487 1,371 1,391 1,425 1,463 1,439 1,424 1,521 Public and publicly guaranteed 32 383 1,226 1,166 1,210 1,268 1,330 1,330 1,328 1,449 Official creditors 31 255 1,115 1,165 1,209 1,268 1,330 1,330 1,328 1,449 Multilateral 4 143 701 724 754 834 874 875 881 963 Concessional 4 112 652 673 702 790 829 832 843 927 Bilateral 27 112 414 441 455 435 456 455 448 486 Concessional 25 42 175 207 230 189 189 200 213 238 Private creditors 1 128 ill 1 1 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commnercial banks 0 68 109 0 0 0 0 0 0 0 Other private 0 60 2 1 1 0 0 0 0 0 Private nonguaranteed 0 305 261 205 181 157 133 110 96 72 Bonds 0 0 0 0 0 0 0 0 0 0 Commnercial banks 0 305 261 205 181 157 133 110 96 72 Memo: IBRD 0 0 0 0 0 0 0 0 0 0 IDA 4 66 461 483 504 565 598 609 625 688 DISBURSEMENTS 12 281 139 83 100 73 28 41 85 85 Public and publicly guaranteed 12 167 96 83 100 73 28 41 85 85 Official creditors 12 91 90 83 100 73 28 41 85 85 Multilateral 2 60 70 24 62 66 28 35 74 73 Concessional 2 47 69 23 39 64 28 35 74 73 Bilateral 10 31 21 58 39 7 0 6 11 12 Concessional 10 11 21 58 28 4 0 5 11 12 Private creditors 0 76 5 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 56 5 0 0 0 0 0 0 0 Other private 0 20 0 0 0 0 0 0 0 0 Private nonguaranteed 0 113 43 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 113 43 0 0 0 0 0 0 0 Memo: IBRD 0 0 0 0 0 0 0 0 0 0 IDA 2 18 55 21 21 44 24 34 50 50 PRINCIPAL REPAYMENTS 2 58 47 27 56 38 31 33 30 36 Public and publicly guaranteed 2 23 10 7 32 15 7 9 16 12 Official creditors 1 17 9 7 32 15 7 9 16 12 Multilateral 0 15 7 6 30 14 7 8 14 10 Concessional 0 14 3 4 11 6 6 7 13 9 Bilateral 1 3 2 1 2 1 0 1 2 3 Concessional 1 2 2 0 1 0 0 0 1 2 Private creditors 1 5 2 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 1 0 0 0 0 0 0 0 0 Other private 1 4 2 0 0 0 0 0 0 0 Private nonguaranteed 0 35 37 20 24 24 24 24 14 24 Bonds 0 0 0 0 0 0 0 0 0 0 Cormmercial banks 0 35 37 20 24 24 24 24 14 24 Memo: IBRD 0 0 0 0 0 0 0 0 0 0 IDA 0 0 1 2 2 3 3 5 5 7 NET FLOWS ON DEBT 11 223 92 56 44 35 -3 8 54 49 Public and publicly guaranteed 11 144 86 76 68 59 21 32 68 73 Official creditors 11 74 82 76 68 59 21 32 68 73 Multilateral 2 46 63 18 32 52 21 27 60 64 Concessional 2 33 66 19 28 58 22 28 61 64 Bilateral 9 28 19 58 37 6 0 5 8 9 Concessional 9 10 19 58 27 4 0 5 10 9 Private creditors -1 71 4 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 55 5 0 0 0 0 0 0 0 Other private -1 16 -2 0 0 0 0 0 0 0 Private nonguaranteed 0 79 6 -20 -24 -24 -24 -24 -14 -24 Bonds 0 0 0 0 0 0 0 0 0 0 Comnmercial banks 0 79 6 -20 -24 -24 -24 -24 -14 -24 Memo: IBRD 0 0 0 0 0 0 0 0 0 0 IDA 2 18 54 19 19 42 21 29 45 43 416 NIGER (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 INTEREST PAYMENTS (LINT) 1 65 23 13 22 15 13 10 13 11 Public and publicly guaranteed 1 16 7 5 14 9 7 6 10 9 Official creditors 1 7 7 5 14 9 7 6 10 9 Multilateral 0 3 6 5 14 7 7 5 8 6 Concessional 0 2 4 4 7 5 6 5 7 6 Bilateral 1 5 1 0 1 2 0 1 2 3 Concessional 1 1 1 0 0 0 0 0 1 2 Private creditors 0 9 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 6 0 0 0 0 0 0 0 0 Other private 0 3 0 0 0 0 0 0 0 0 Private nonguaranteed 0 49 16 8 7 6 6 5 3 2 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 49 16 8 7 6 6 5 3 2 Memo: IBRD 0 0 0 0 0 0 0 0 0 0 IDA 0 0 3 4 3 5 5 4 4 5 NET TRANSFERS ON DEBT 10 158 68 43 23 20 -15 -2 42 38 Public and publicly guaranteed 10 128 78 71 54 50 14 27 59 63 Official creditors 11 66 75 71 54 50 14 27 59 63 Multilateral 2 43 57 13 18 46 14 23 52 58 Concessional 2 32 62 15 21 53 16 24 54 58 Bilateral 8 23 18 57 36 4 0 4 6 6 Concessional 8 9 18 58 27 3 0 5 9 8 Private creditors -1 62 4 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commiercial banks 0 49 5 0 0 0 0 0 0 0 Other private -1 14 -2 0 0 0 0 0 0 0 Private nonguaranteed 0 30 -10 -28 -31 -30 -29 -29 -17 -25 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 30 -10 -28 -31 -30 -29 -29 -17 -25 Memo: IBRD 0 0 0 0 0 0 0 0 0 0 IDA 2 18 51 15 16 37 16 24 41 38 DEBT SERVICE (LTDS) 2 122 71 40 78 53 44 43 43 47 Public and publicly guaranteed 2 39 17 12 47 23 14 15 26 21 Official creditors 2 25 16 12 47 23 14 15 26 21 Multilateral 0 17 12 11 44 21 14 12 22 16 Concessional 0 16 7 8 18 1 1 12 11 20 15 Bilateral 2 8 3 1 3 3 1 2 5 6 Concessional 1 3 3 1 2 1 0 1 2 4 Private creditors 1 14 2 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commnercial baniks 0 7 0 0 0 0 0 0 0 0 Other private 1 7 2 0 0 0 0 0 0 0 Private nonguaranteed 0 83 53 28 31 30 29 29 17 25 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 83 53 28 31 30 29 29 17 25 Memo: IBRD 0 0 0 0 0 0 0 0 0 0 IDA 0 1 4 6 5 7 8 9 9 12 UNDISBURSED DEBT 41 415 368 360 349 354 310 333 299 396 Official creditors 24 279 368 360 349 354 310 333 299 396 Private creditors 17 136 0 0 0 0 0 0 0 0 Memorandum items Concessional LDOD 29 155 827 881 933 979 1,018 1,032 1,056 1,165 Variable rate LDOD 0 387 377 210 186 169 145 124 113 91 Public sector LDOD 24 372 1,223 1,165 1,209 1,268 1,330 1,330 1,328 1,449 Private sector LDOD 7 316 264 206 182 157 133 110 96 72 6. Cu RRENCI'CONMPOSITION OF LONG-TIERM% DEBT iPERCENTi Deutsche mark 12.0 0.0 0.0 0.6 0.5 0.5 0.5 0.0 0.0 0.0 French franc 67.6 53.8 44.8 41.7 39.5 36.0 36.1 32.9 31.0 29.9 Japanese yen 0.0 0.0 1.3 4.3 4.4 4.8 4.4 2.0 1.8 1.8 Pound sterling 0.0 0.0 0.8 0.8 0.7 1.1 1.0 1.2 1.4 1.3 Swiss franc 0.0 0.0 0.0 0.7 0.3 0.3 0.3 0.0 0.0 0.0 U.S.dollars 6.9 30.2 27.1 32.3 33.0 36.0 36.8 38.0 40.3 41.3 Multiple currency 0.0 2.1 0.5 0.4 0.1 0.0 0.0 0.0 0.0 0.0 Special drawing rights 0.0 0.0 2.6 2.6 3.1 3.5 3.5 3.5 3.2 3.1 All other currencies 13.5 13.9 22.9 16.6 18.4 17.8 17.4 22.4 22.3 22.6 417 NIGER (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 7. DEBT RESTRLiCT'URINGS Total amount rescheduled 29 0 15 120 5 63 24 30 Debt stock rescheduled 0 0 0 0 0 0 0 0 Principal rescheduled 12 0 7 57 1 21 6 17 Official 12 0 7 56 1 21 6 17 Private 0 0 0 1 0 0 0 0 Interest rescheduled 16 0 5 32 1 29 9 13 Official 16 0 5 32 1 29 9 13 Private ..0 0 0 0 0 0 0 0 Debt forgiven 0 0 14 107 4 26 4 8 Memo: interest forgiven 0 0 1 30 0 15 5 0 Debt stock reduction ..0 0 0 0 0 0 0 0 of which debt buyback 0 0 0 0 0 0 0 0 8. DEBT STOCK-FLOl%V RECONCILLIAriON Total change in debt stocks 230 23 25 -17 61 -50 40 83 Net flows on debt 11 286 123 48 25 27 -9 13 102 33 Net change in interest arrears 8 25 24 -47 28 -29 11 -1 Interest capitalized ..16 0 5 32 1 29 9 13 Debt forgiveness or reduction 0 0 -14 -107 -4 -26 -4 -8 Cross-currency valuation ... 94 -44 -34 58 52 -39 -74 45 Residual ... -12 -6 19 19 -8 3 -4 2 9. AVER.AGE TERMIS OF NE"I commiTmENTS ALL CREDITORS Interest (%) 1.2 7.4 1.9 2.9 2.2 1.0 0.7 1.0 1.1 0.7 Maturity (years) 39.7 18.3 32.7 26.6 34.0 35.2 38.1 37.5 35.3 38.9 Grace period (years) 8.2 4.7 8.5 8.1 7.6 9.0 9.6 9.2 8.1 9.9 Grant element (%) 72.5 18.7 65.5 54.1 60.7 73.7 78.1 76.1 72.9 78.9 Offlcial creditors Interest (%) 0.6 5.4 1.9 2.9 2.2 1.0 0.7 1.0 1.1 0.7 Maturity (years) 44.7 26.2 32.7 26.6 34.0 35.2 38.1 37.5 35.3 38.9 Grace period (years) 9.1 6.8 8.5 8.1 7.6 9.0 9.6 9.2 8.1 9.9 Grant element (%) 80.9 35.3 65.5 54.1 60.7 73.7 78.1 76.1 72.9 78.9 Private creditors Interest (%) 4.5 9.8 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Maturity (years) 13.6 8.8 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Grace period (years) 3.6 2.2 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Grant element (%) 29.1 - 1.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memorandum items Commitments 19 341 56 106 97 89 7 76 66 180 Official creditors 16 185 56 106 97 89 7 76 66 180 Private creditors 3 156 0 0 0 0 0 0 0 0 10. CONTRACTUAL OBLIGATIONS ON OLITSTANDING LONG-TERMN DEBT 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 TOTAL Disbursements 84 99 70 48 29 17 10 2 0 0 Principal 82 100 87 71 68 64 51 46 48 50 Interest 27 33 30 28 26 23 21 20 19 18 Official creditors Disbursements 84 99 70 48 29 17 10 2 0 0 Principal 59 77 73 66 62 64 5 1 46 48 50 Interest 26 32 30 28 25 23 21 20 19 18 Bilateral creditors Disbursements 14 15 10 7 5 3 1 1 0 0 Principal 34 49 49 42 39 38 25 17 17 16 Interest 18 23 21 19 16 15 13 12 1 1 10 Multilateral creditors Disbursements 70 84 60 41 24 14 9 2 0 0 Principal 25 28 24 24 23 25 27 29 3 1 34 Interest 8 9 9 9 9 9 9 8 8 8 Private creditors Disbursements 0 0 0 0 0 0 0 0 0 0 Principal 23 23 15 6 6 0 0 0 0 0 Interest 1 1 0 0 0 0 0 0 0 0 Commercial banks Disbursements 0 0 0 0 0 0 0 0 0 0 Principal 0 0 0 0 0 0 0 0 0 0 Interest 0 0 0 0 0 0 0 0 0 0 Other private Disbursements 0 0 0 0 0 0 0 0 0 0 Principal 23 23 1 5 6 6 0 0 0 0 0 Interest 1 1 0 0 0 0 0 0 0 0 418 NIGERIA (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 I. SUMMIARY DEBT DATA TOTAL DEBT STOCKS (EDT) 8,921 33,440 29,019 30,699 33,092 34,093 31,407 28,455 30,315 Long-term debt (LDOD) 567 5,368 31,936 26,809 26,742 28,266 28,441 25,731 22,926 23,740 Public and publicly guaranteed 452 4,271 31,546 26,478 26,421 27,955 28,140 25,431 22,631 23,455 Private nonguaranteed 115 1,097 391 331 321 311 301 300 295 285 Useof IMF credit 0 0 0 0 0 0 0 0 0 0 Short-term debt 3,553 1,504 2,210 3,957 4,827 5,651 5,676 5,529 6,575 of which interest arrears on LDOD 0 1,040 1,197 2,438 3,820 4,717 4,967 4,957 5,785 Official creditors 0 465 1,021 2,065 3,361 4,211 4,468 4,483 5,235 Private creditors 0 575 176 374 459 506 499 474 550 Memo: principal arrears on LDOD 0 1,091 1,841 3,866 5,814 8,102 9,298 10,151 12,113 Official creditors 0 194 1,332 2,722 4,409 6,545 7,736 8,648 10,270 Private creditors 0 897 509 1,145 1,405 1,557 1,562 1,503 1,843 Memo: export credits 0 20,116 17,712 16,457 12,765 12,996 11,887 15,201 16,381 TOTAL DEBT FLOWS Disbursements 81 1,753 927 535 544 599 433 308 314 276 Long-term debt 81 1,753 927 535 544 599 433 308 314 276 IMF purchases 0 0 0 0 0 0 0 0 0 0 Principal repayments 68 242 1,180 1,878 579 746 918 1,418 840 763 Long-term debt 68 242 1,180 1,878 579 746 918 1,418 840 763 IMErepurchases 0 0 0 0 0 0 0 0 0 0 Net flowis on debt 282 2,780 -34 -708 472 -660 -559 -1,334 -663 -269 of which short-term debt 1,270 219 635 507 -512 -73 -224 -137 218 Interest payments (INT) 909 2,156 1,871 912 1,125 915 1,091 576 557 Long-term debt 28 529 2,124 1,831 862 1,075 859 1,043 544 519 IMFcharges 0 0 0 0 0 0 0 0 0 0 Short-termndebt .. 379 32 40 50 50 56 48 33 38 Net transfers on debt 1,872 -2,190 -2,579 -440 -1,785 -1,474 -2,425 -1,239 -826 Total debt service paid (TDS) 1,151 3,336 3,749 1,491 1,872 1,833 2,509 1,416 1,320 Long-term debt 96 772 3,304 3,709 1,441 1,822 1,777 2,461 1,383 1,283 IMF repurchases and charges 0 0 0 0 0 0 0 0 0 0 Short-term debt (interest only) .. 379 32 40 50 50 56 48 33 38 2. AGGREGATE NET RESOURCE FLOW%S AND NET TPRANSFERS (LONG-TERNI I NET RESOURCE F'LOWS 259 773 460 -330 1,363 1,871 632 512 1,045 598 Net flow of long-termndebt (ex. IMF 1 3 1,510 -253 -1,343 -35 -148 -486 -1,110 -525 -487 Foreign direct investment (net) 205 -740 588 897 1,345 1,959 1,079 1,593 1,539 1,051 Portfolio equity flows 0 0 0 0 0 17 6 5 4 2 Grants (excluding technical coop.) 40 3 125 116 53 43 33 24 27 33 Memo: technical coop. grants 37 48 95 99 97 78 79 84 83 50 official net resource flows 70 79 -7 314 107 211 -5 -396 -240 -430 private net resource flows 189 694 467 -645 1,256 1,660 637 908 1,285 1,028 NET TRANSFERS -207 -1,354 -1,799 -2,277 351 631 -372 -691 321 -161 Interest on long-terindebt 28 529 2,124 1,831 862 1,075 859 1,043 544 519 Profit remfittances on EDI 438 1,598 135 116 150 165 145 160 180 240 Memo: official net transfers 54 17 -1,308 -513 -463 -125 -328 -911 -606 -803 private net transfers -261 -1,371 -491 -1,764 814 756 44 220 927 643 3. NMAJOR ECONOMIC AGGREGATES Gross national product (GNP) 12,081 61,079 25,585 29,761 19,006 21,310 25,888 33,068 37,620 38,481 Exports of goods & services (XGS) .. 27,772 14,771 13,056 11,924 10,428 13,246 17,911 18,172 11,762 of which workers remittances .. 13 10 56 793 550 804 947 1,920 1,574 Imports of goods & services (MGS) .. 22,005 9,858 11,485 12,723 12,504 15,820 14,403 17,617 16,001 Intemnational reserves (RES) 223 10,640 4,129 1,196 1,640 1,649 1,709 4,329 7,580 8,709 Cuffent account balance .. 5,178 4,988 2,268 -780 -2,128 -2,578 3,507 552 -4,244 4. DEBT INDICATORS EDT /XGS (% . 32.1 226.4 222.3 257.5 317.3 257.4 175.4 156.6 257.7 EDT /GNP(% . 14.6 130.7 97.5 161.5 155.3 131.7 95.0 75.6 78.8 TDS /XGS (% . 4.1 22.6 28.7 12.5 18.0 13.8 14.0 7.8 11.2 IINT /XGS(% . 3.3 14.6 14.3 7.7 10.8 6.9 6.1 3.2 4.7 INT /GNP(% . 1.5 8.4 6.3 4.8 5.3 3.5 3.3 1.5 1.5 RES /EDT% .. 119.3 12.4 4.1 5.3 5.0 5.0 13.8 26.6 28.7 RES /MGS (months) .. 5.8 5.0 1.3 1.6 1.6 1.3 3.6 5.2 6.5 Short-term /EDT (%) .. 39.8 4.5 7.6 12.9 14.6 16.6 18.1 19.4 21.7 Concessional /EDT (% . 5.0 1.6 3.4 3.6 3.9 4.0 4.3 4.7 5.2 Multilateral /EDT (%) .. 6.4 11.2 14.1 14.1 14.5 14.5 14.3 14.1 13.5 419 NIGERIA (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 5. LONG-TERMI DEBT DEBT OUTSTANDING (LDOD) 567 5,368 31,936 26,809 26,742 28,266 28,441 25,731 22,926 23,740 Public and publicly guaranteed 452 4,271 31,546 26,478 26,421 27,955 28,140 25,431 22,631 23,455 Officialicreditors 358 992 17,008 18,327 18,246 19,811 20,492 18,644 17,011 17,679 Multilateral 182 571 3,733 4,088 4,339 4,807 4,944 4,493 4,013 4,083 Concessional 17 38 36 104 155 239 339 425 496 663 Bilateral 175 422 13,275 14,240 13,907 15,004 15,548 14,151 12,998 13,596 Concessional 123 406 485 868 939 1,051 1,038 929 827 919 Private creditors 94 3,279 14,537 8,151 8,174 8,144 7,648 6,786 5,620 5,776 Bonds 10 0 0 2,051 2,051 2,051 2,051 2,051 2,051 2,051 Commercial banks 18 2,634 5,714 0 0 0 0 0 0 0 Other private 66 645 8,823 6,100 6,123 6,093 5,597 4,735 3,569 3,725 Private nonguaranteed 115 1,097 391 331 321 311 301 300 295 285 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 115 1,097 391 331 321 311 301 300 295 285 Memo: IBRD 165 517 3,284 3,174 3,188 3,286 3,221 2,762 2,373 2,278 IDA 17 38 36 80 116 181 268 348 410 564 DISBURSEMENTS 81 1,753 927 535 544 599 433 308 314 276 Public and publicly guaranteed 56 1,187 927 531 544 599 433 308 314 276 Official creditors 45 122 642 531 544 599 433 308 314 276 Multilateral 14 73 542 531 529 599 433 308 314 276 Concessional 1 0 7 36 53 77 99 94 97 145 Bilateral 31 49 100 0 15 0 0 0 0 0 Concessional 30 49 100 0 15 0 0 0 0 0 Private creditors 11 1,065 285 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 3 492 0 0 0 0 0 0 0 0 Otier private 8 573 285 0 0 0 0 0 0 0 Private nonguaranteed 25 565 0 4 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 25 565 0 4 0 0 0 0 0 0 Memo: IBRD 1 3 63 384 272 264 258 189 139 178 86 IDA 1 0 7 24 38 60 86 90 83 135 PRINCIPAL REPAYMENTS 68 242 1,180 1,878 579 746 918 1,418 840 763 Public and publicly guaranteed 38 65 1,165 1,866 569 736 908 1,408 830 753 Official creditors 16 45 774 333 490 431 470 728 582 739 Multilateral 5 25 247 316 329 431 470 447 467 419 Concessional 0 0 1 1 1 1 2 1 1 1 Bilateral 1 1 20 528 17 161 0 0 281 115 319 Concessional 6 14 6 0 161 0 0 0 70 319 Private creditors 22 20 391 1,534 79 306 438 680 248 1 5 Bonds 0 0 0 0 0 0 0 0 0 0 Comimercial banks 0 1 388 1,335 0 0 0 0 0 0 Other private 22 19 3 199 79 306 438 680 248 15 Private nonguaranteed 30 177 15 12 10 10 10 10 10 10 Bonds 0 0 0 0 0 0 0 0 0 0 Conmrercial banks 30 177 1 5 12 10 10 10 10 10 10 Memo: IBRD 5 24 241 294 309 384 392 369 338 313 IDA 0 0 1 1 1 1 1 1 1 1 NET FLOWS ON DEBT 13 1,510 -253 -1,343 -35 -148 -486 -1,110 -525 -487 Public and publicly guaranteed 18 1,122 -238 -1,335 -25 -138 -476 -1,100 -515 -477 Official creditors -29 77 -132 198 54 168 -37 -420 -267 -463 Multilateral 10 48 296 215 200 168 -37 -139 -152 -143 Concessional 1 0 6 35 51 76 97 93 96 144 Bilateral 20 29 -428 -17 -146 0 0 -281 -115 -319 Concessional 24 35 95 0 -146 0 0 0 -70 -319 Private creditors -11 1,046 -106 -1,534 -79 -306 -438 -680 -248 -15 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 3 491 -388 -1,335 0 0 0 0 0 0 Other private -14 555 282 -199 -79 -306 -438 -680 -248 -15 Private nonguaranteed -5 388 -15 -8 -10 -10 -10 -10 -10 -10 Bonds 0 0 0 0 0 0 0 0 0 0 Comimercial banks -5 388 -15 -8 -10 -10 -10 -10 -10 -10 Memo: IIBRD 8 38 144 -21 -45 -126 -202 -231 -161 -227 IDA 1 0 6 23 37 59 85 89 82 134 420 NIGERIA (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 INTEREST PAYMENTS (LINT) 28 529 2,124 1,831 862 1,075 859 1,043 544 519 Public and publicly guaranteed 20 438 2,120 1,828 860 1,073 840 1,025 532 510 Official creditors 16 63 1,300 827 570 337 323 515 365 374 Multilateral 9 46 262 322 315 337 323 322 280 242 Concessional 0 0 0 1 1 2 2 3 3 4 Bilateral 7 17 1,038 505 256 0 0 193 85 132 Concessional 3 9 312 360 256 0 0 0 65 132 Private creditors 4 375 820 1,001 290 737 516 510 166 136 Bonds 0 0 0 0 113 127 128 128 128 128 Commercial banks 1 352 378 563 0 0 0 0 0 0 Other private 3 24 442 438 177 610 388 382 38 8 Private nonguaranteed 8 91 3 3 2 2 19 18 12 9 Bonds 0 0 0 0 0 0 0 0 0 0 Comnmercial banks 8 91 3 3 2 2 19 18 12 9 Memo: IBRD 9 45 243 266 265 265 266 228 181 154 IDA 0 0 0 0 1 1 2 2 3 3 NET TRANSFERS ON DEBT -15 981 -2,376 -3,174 -897 -1,223 -1,344 -2,153 -1,069 -1,007 Public and publicly guaranteed -2 684 -2,358 -3,164 -885 -1,211 -1,315 -2,125 -1,047 -988 Official creditors 14 14 -1,432 -629 -516 -169 -361 -935 -633 -836 Multilateral 1 2 33 -108 -115 -169 -361 -461 -433 -386 Concessional 1 -1 6 34 51 74 95 91 92 140 Bilateral 13 12 -1,466 -521 -401 0 0 -474 -200 -451 Concessional 21 26 -217 -360 -401 0 0 0 -135 -451 Private creditors -15 670 -926 -2,535 -369 -1,043 -955 -1,190 -414 -151 Bonds 0 0 0 0 -113 -127 -128 -128 -128 -128 Conmmercial banks 2 140 -766 -1,897 0 0 0 0 0 0 Other private -17 531 -160 -637 -256 -916 -827 -1,063 -286 -23 Private nonguaranteed -13 297 -18 -11 -12 -12 -29 -28 -22 -19 Bonds 0 0 0 0 0 0 0 0 0 0 Comimercial banks -13 297 -18 -11 -12 -12 -29 -28 -22 -19 Miemo: IBRD -1 -6 -100 -287 -310 -390 -468 -459 -341 -381 IDA 1 -1 6 23 36 58 83 87 79 131 DEBT SERVICE (LTDS) 96 772 3,304 3,709 1,441 1,822 1,777 2,461 1,383 1,283 Public and publicly guaranteed 58 503 3,285 3,695 1,429 1,810 1,748 2,433 1,361 1,264 Official creditors 32 108 2,075 1,160 1,060 767 793 1,243 947 1,112 Multilateral 14 71 509 638 644 767 793 769 747 662 Concessional 0 1 1 2 2 3 4 4 4 5 Bilateral 18 37 1,566 521 416 0 0 474 200 451 Concessional 9 23 317 360 416 0 0 0 135 451 Private creditors 26 395 1,211 2,535 369 1,043 955 1,190 414 151 Bonds 0 0 0 0 113 127 128 128 128 128 Comnmercial banks 1 352 766 1,897 0 0 0 0 0 0 Other private 25 43 445 637 256 916 827 1,063 286 23 Private nonguaranteed 38 269 18 15 12 12 29 28 22 19 Bonds 0 0 0 0 0 0 0 0 0 0 Cormmercial banks 38 269 18 15 12 12 29 28 22 19 Memo: IBRD 14 69 484 559 574 649 657 598 519 467 IDA 0 1 1 2 2 2 3 3 4 5 UNDISBURSED DEBT 185 3,714 5,246 5,639 5,204 4,864 4,255 3,073 1,316 672 Official creditors 167 1,112 3,968 4,709 4,157 3,786 3,183 2,426 1,316 672 Private creditors 18 2,602 1,278 930 1,047 1,078 1,072 648 0 0 Memorandum items Concessional LDOD 140 443 522 972 1,094 1,290 1,377 1,354 1,323 1,583 Variable rate LDOD 127 4,001 11,044 5,108 5,198 5,452 5,539 5,218 4,864 4,913 Public sector LDOD 450 4,271 31,546 26,473 26,390 27,914 28,077 25,359 22,565 23,387 Private sector LDOD 117 1,097 391 337 352 352 365 372 362 353 6. CUTRRENCY COMTPOSITION OF LONG-TERMN DEBT (PERCENT) Deutsche mark 9.0 23.5 14.8 13.6 12.8 13.3 14.2 11.1 10.9 11.2 French franc 0.0 0.9 9.0 10.9 10.2 10.4 10.9 10.7 10.2 10.5 Japanese yen 0.8 2.0 8.2 11.3 12.6 13.3 12.6 12.0 11.9 12.9 Pound sterling 30.4 2.7 11.8 10.4 10.2 10.0 9.9 11.9 13.0 12.6 Swiss franc 0.3 0.4 0.7 0.5 0.5 0.5 0.6 0.5 0.5 0.6 U.S.dollars 9.9 55.0 38.8 32.7 32.6 30.5 29.6 31.5 31.9 31.3 Multiple cuffency 38.5 12.1 10.4 12.0 12.1 11.8 11.5 10.9 10.5 9.8 Special drawing rights 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.1 0.2 All other currencies 11.1 3.4 6.3 8.6 9.0 10.2 10.7 11.4 11.0 10.9 421 NIGERIA (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 7. DEBT RESTRLUCTU-RINGS Total amount rescheduled 1,480 2,497 0 0 0 0 0 0 Debt stock rescheduled 0 2,051 0 0 0 0 0 0 Principal rescheduled 1,280 327 0 0 0 0 0 0 Official 1,090 277 0 0 0 0 0 0 Private 191 51 0 0 0 0 0 0 Interest rescheduled 169 60 0 0 0 0 0 0 Official 149 49 0 0 0 0 0 0 Private .. 21 11 0 0 0 0 0 0 Debt forgiven ..0 0 0 0 0 0 0 0 Memo: interest forgiven 0 0 0 0 0 0 0 0 Debt stock reduction 286 3,532 30 1 3 95 1,023 700 0 of which debt buyback ..0 1,335 0 0 0 281 0 0 8. DEBT STOCK-FLOW RECONCILIATION Total change in debt stocks 3,318 -4,508 1,681 2,393 1,000 -2,686 -2,952 1,860 Net flows on debt 282 2,780 -34 -708 472 -660 -559 -1,334 -663 -269 Net change in interest arrears 820 716 1,241 1,381 898 249 -10 828 Interest capitalized 169 60 0 0 0 0 0 0 Debt forgiveness or reduction ..-286 -2,197 -30 -13 -95 -742 -700 0 Cross-cur-rency valuation ... 2,375 -1,213 -189 1,741 682 -949 -1,513 990 Residual ... 274 -1,166 187 -56 74 90 -67 311 9. AVERAGE TERMS OF NFW CONIMIFTNIENTS ALL CREDITORS Interest (%) 6.0 10.5 6.5 4.6 3.7 7.7 0.0 0.0 0.0 0.0 Maturity (years) 14.0 10.9 19.2 23.1 24.5 21.0 0.0 0.0 0.0 0.0 Grace period (years) 3.9 3.5 5.3 7.3 6.8 5.5 0.0 0.0 0.0 0.0 Grant element (%) 21.3 -2.2 23.6 40.2 48.4 15.0 0.0 0.0 0.0 0.0 Official creditors Interest (%) 5.9 8.2 5.8 4.6 2.8 7.7 0.0 0.0 0.0 0.0 Maturity (years) 15.4 16.1 22.7 23.1 27.6 21.0 0.0 0.0 0.0 0.0 Grace period (years) 4.3 3.9 6.2 7.3 7.7 5.5 0.0 0.0 0.0 0.0 Grant element (%) 23.2 9.2 31.1 40.2 58.1 15.0 0.0 0.0 0.0 0.0 Private creditors Interest (%) 6.5 11.4 7.9 0.0 7.2 0.0 0.0 0.0 0.0 0.0 Maturity (years) 6.5 8.9 13.1 0.0 13.5 0.0 0.0 0.0 0.0 0.0 Grace period (years) 1.9 3.4 3.7 0.0 3.8 0.0 0.0 0.0 0.0 0.0 Grant element (%) 11.0 -6.6 10.4 0.0 14.0 0.0 0.0 0.0 0.0 0.0 Memorandum items Commitments 65 1,904 2,216 1,101 288 472 0 0 0 0 Official creditors 55 525 1,415 1,101 225 472 0 0 0 0 Private creditors 10 1,380 801 0 63 0 0 0 0 _ 0 10. CONTRACTUAL OBLIGATIONS ON OUTSTANDING LONG-TERMI DEBT 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 TOTAL Disbursements 301 194 103 55 18 2 0 0 0 0 Principal 2,101 708 637 959 949 918 912 762 466 425 Interest 616 527 492 457 404 350 298 246 207 183 Official creditors Disbursements 301 194 103 55 18 2 0 0 0 0 Principal 1,755 510 440 764 756 742 732 585 293 277 Interest 432 360 329 299 251 201 152 103 67 49 Bilateral creditors Disbursements 0 0 0 0 0 0 0 0 0 0 Principal 1,268 39 33 394 394 384 384 267 27 27 Interest 179 132 129 124 101 75 49 24 7 6 Multilateral creditors Disbursements 301 194 103 55 18 2 0 0 0 0 Principal 487 471 407 370 362 358 348 318 266 250 Interest 254 228 200 175 151 126 103 79 60 43 Private creditors Disbursements 0 0 0 0 0 0 0 0 0 0 Principal 346 198 197 195 193 176 180 177 173 149 Interest 184 168 162 158 153 149 146 143 140 134 Commercial banks Disbursements 0 0 0 0 0 0 0 0 0 0 Principal 0 0 0 0 0 0 0 0 0 0 Interest 0 0 0 0 0 0 0 0 0 0 Other private Disbursements 0 0 0 0 0 0 0 0 0 0 Principal 346 198 197 195 193 176 180 177 173 149 Interest 184 168 162 158 153 149 146 143 140 134 422 OMAN (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 J997 1QQ98 I. SU1%lNIARY'DEBT DATA TOTAL DEBT STOCKS (EDT) 599 2,736 2,855 2,657 3,087 3,181 3,415 3,602 3,629 Long-term debt (LDOD) 436 2,400 2,340 2,315 2,610 2,640 2,649 2,570 2,231 Public and publicly guaranteed 436 2,400 2,340 2,315 2,608 2,637 2,646 2,567 2,228 Private nonguaranteed 0 0 0 0 3 3 3 3 3 Useof IMF credit 0 0 0 0 0 0 0 0 0 0 Short-term debt 163 335 515 342 477 541 766 1,032 1,398 of which interest arrears on LDOD 0 1 0 0 0 2 1 1 0 Official creditors 0 1 0 0 0 2 1 1 0 Private creditors ..0 0 0 0 0 0 0 0 0 Memo: principal arrears on LDOD 0 3 0 0 0 35 35 5 0 Official creditors 0 3 0 0 0 29 35 5 0 Private creditors ..0 0 0 0 0 6 0 0 0 Memo: export credits ..0 561 590 726 827 958 993 1,437 1,367 TOTAL DEBT FLOWS Disbursements 98 125 253 366 601 322 608 272 46 Long-termn debt 98 125 253 366 601 322 608 272 46 IMF purchases 0 0 0 0 0 0 0 0 0 0 Principal repayments 179 536 340 425 376 282 571 297 411 Long-term debt 179 536 340 425 376 282 571 297 411 IMF repurchases 0 0 0 0 0 0 0 0 0 0 Net floms on debt .. -64 -425 0 -231 360 103 263 241 1 of which short-term debt 17 -14 87 -173 135 62 226 266 367 Interest payments (INT) 70 203 189 181 174 204 180 177 218 Long-termn debt 44 178 153 158 149 184 149 132 156 vIMFcharges 0 0 0 0 0 0 0 0 0 0 Short-term debt 26 25 36 24 25 2 1 3 1 45 62 Net transfers on debt .. -134 -627 -189 -413 186 -101 84 64 -217 Total debt service paid (TDS) .. 249 739 529 606 550 486 751 474 629 Long-term debt 223 714 493 583 525 466 720 430 567 IMFrepurchases and charges 0 0 0 0 0 0 0 0 0 0 Short-termn debt (interest only) 26 25 36 24 25 2 1 3 1 45 62 2. AGGREGATE NET RESOURCE FLOWAS AND NET TRANSFERS tLONG-TERNM, NET RESOURCE F'LOWS .. 174 -213 16 120 397 106 157 67 -248 Net flowof long-term debt (ex. IMF) .. 81 -411 -88 -59 225 41 37 -25 -366 Foreign direct investment (net) .. 98 141 104 142 76 46 75 53 106 Portfolio equity flows ..0 0 0 0 26 5 25 38 10 Grants (excluding technical coop,) .. 157 57 0 36 70 15 20 1 2 Memo: technical coop. grants ..4 1 8 20 15 22 17 17 19 21 official net resource flows .. 140 45 131 96 57 84 80 -15 -34 private net resource flows .. 34 -259 -115 24 341 22 77 8 1 -214 NET TRANSFERS -- -156 -780 -575 -496 -217 -528 -462 -545 -878 Interest on long-termndebt .. 44 178 153 158 149 184 149 132 156 Profit remiittances on FDI .. 286 390 439 458 465 450 470 480 475 Memo: official net transfers .. 127 3 1 114 73 32 55 52 -46 -62 private net transfers .. -282 -812 -689 -569 -249 -583 -515 -500 -816 3. MAkJOR ECONONIIC AGGREGATES Gross national product (GNP) .. 5,338 9,445 9,820 9,565 9,360 10,531 Exports of goods & services (XGS) .. 3,887 5,990 5,935 5,839 5,852 6,442 7,615 8,034 of which workers renmittances .. 35 39 39 39 39 39 39 39 Imports of goods & services (MGS) .. 2,650 3,971 5,298 5,624 5,317 5,734 6,075 6,621 Intemnational reserves (RES) .. 704 1,784 2,080 1,021 1,090 1,251 1,497 1,633 1,148 Current account balance .. 942 1,106 -598 -1,190 -805 -801 180 -57 4. DEBT IN-DICATORS EDT /XGS(% . 15.4 45.7 48.1 45.5 52.8 49.4 44.8 44.8 EDT /GNP(% . 11.2 29.0 29.1 27.8 33.0 30.2 TDS / XGS (%. 6.4 12.3 8.9 10.4 9.4 7.5 9.9 5.9 INT /XGS(% I.18 3.4 3.2 3.1 3.0 3.2 2.4 2.2 IINT /GNP(). 1.3 2.1 1.9 1.9 1.9 1.9 RES /EDT% .. 117.7 65.2 72.9 38.4 35.3 39.3 43.8 45.3 31.6 RES / MGS (months) .. 3.2 5.4 4.7 2.2 2.5 2.6 3.0 3.0 Short-term /EDT (% . 27.2 12.3 18.0 12.9 15.5 17.0 22.4 28.7 38.5 Concessional /EDT(% . 43.6 8.9 14.0 18.3 16.9 18.3 17.6 15.6 15.3 Multilateral / EDT (%) .. 5.8 4.7 5.9 6.2 5.2 6.3 6.5 5.5 5.4 423 OMAN (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 5. LONG-TERMI DEBT DEBT OUTSTANDING (LDOD) 436 2,400 2,340 2,315 2,610 2,640 2,649 2,570 2,231 Public and publicly guaranteed 436 2,400 2,340 2,315 2,608 2,637 2,646 2,567 2,228 Official creditors 349 327 500 579 601 665 693 645 635 Multilateral 35 129 167 164 162 199 221 199 195 Concessional 6 49 71 73 88 120 131 119 118 Bilateral 314 198 333 416 439 466 473 446 439 Concessional 255 194 330 414 434 462 469 443 437 Private creditors 87 2,073 1,840 1,736 2,007 1,972 1,953 1,923 1,593 Bonds 0 0 0 0 0 0 0 225 225 Commercial banks 0 1,721 1,578 1,312 1,521 1,470 1,439 1,257 995 Other private 87 353 262 424 486 502 514 440 374 Private nonguaranteed 0 0 0 0 3 3 3 3 3 Bonds 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 3 3 3 3 3 Memo: IBRD 0 14 52 52 46 33 25 19 13 9 IDA 0 0 0 0 0 0 0 0 0 0 DISBURSEMENTS 98 125 253 366 601 322 608 272 46 Public and publicly guaranteed 98 125 253 366 601 322 608 272 45 Official creditors 45 34 184 108 58 117 106 44 45 Multilateral 13 22 60 21 21 58 49 10 17 Concessional 6 12 32 10 20 40 28 8 14 Bilateral 32 13 124 88 37 58 57 34 28 Concessional 7 13 124 88 32 58 57 34 28 Private creditors 52 91 69 258 543 206 502 228 0 Bonds 0 0 0 0 0 0 0 225 0 Commercial banks 0 0 0 51 431 132 468 0 0 Other private 52 91 69 207 112 74 34 3 0 Private nonguaranteed 0 0 0 0 0 0 1 0 0 Bonds 0 0 0 0 0 0 0 0 0 Comimercial banks 0 0 0 0 0 0 1 0 0 Memo: IBRD 0 6 10 15 6 0 0 0 0 0 IDA 0 0 0 0 0 0 0 0 0 0 PRINCIPAL REPAYMENTS 179 536 340 425 376 282 571 297 411 Public and publicly guaranteed 179 536 340 425 376 282 570 297 411 Official creditors 62 46 52 49 71 48 45 60 81 Multilateral 3 30 29 26 30 23 22 23 25 Concessional 0 10 8 8 9 10 14 15 17 Bilateral 60 16 23 23 41 25 23 37 56 Concessional 9 15 22 22 40 24 22 37 55 Private creditors 117 491 288 376 304 234 526 237 330 Bonds 0 0 0 0 0 0 0 0 0 Conmmercial banks 32 370 234 335 242 178 482 167 262 Other private 85 120 54 41 62 56 44 70 68 Private nonguaranteed 0 0 0 0 0 0 1 0 0 Bonds 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 1 0 0 Memo: IBRD 0 1 16 14 13 17 9 5 4 4 IDA 0 0 0 0 0 0 0 0 0 0 NET FLOWS ON DEBT -81 -411 -88 -59 225 41 37 -25 -366 Public and publicly guaranteed -81 -411 -88 -59 225 41 37 -25 -366 Official creditors -17 -12 131 59 -13 69 61 -16 -36 Multilateral 11 -9 31 -6 -9 35 27 -12 -8 Concessional 6 2 24 2 11 31 14 -7 -4 Bilateral -27 -3 101 65 -4 34 34 -4 -28 Concessional -1 -2 102 66 -8 35 35 -3 -27 Private creditors -65 -400 -219 -118 238 -28 -24 -9 -330 Bonds 0 0 0 0 0 0 0 225 0 Commercial banks -32 -370 -234 -284 189 -46 -14 -167 -262 Other private -33 -30 15 166 50 18 -10 -67 -68 Private nonguaranteed 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 0 Memo: IBRD 0 5 -6 1 -8 -16 -9 -5 -4 -4 IDA 0 0 0 0 0 0 0 0 0 0 424 OMAN (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 INTEREST PAYMENTS (LINT) 44 178 153 158 149 184 149 132 156 Public and publicly guaranteed 44 178 153 158 149 184 149 132 156 Official creditors 14 14 18 22 24 29 28 31 28 Multilateral 2 6 7 6 6 11 10 11 11 Concessional 0 0 0 0 0 6 6 7 8 Bilateral 12 8 11 16 18 18 18 20 17 Concessional 1 8 11 16 1s 18 18 20 17 Private creditors 30 164 135 136 125 155 121 101 128 Bonds 0 0 0 0 0 0 0 0 16 Commercial banks 3 133 108 104 91 109 84 64 80 Other private 28 31 27 32 34 46 37 37 32 Private nonguaranteed 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 Commnercial banks 0 0 0 0 0 0 0 0 0 Memo: IiBRD 0 1 5 4 4 4 2 2 1 1 IDA 0 0 0 0 0 0 0 0 0 0 NET TRANSFERS ON DEBT -125 -589 -240 -217 76 -143 -112 -157 -522 Public and publicly guaranteed -125 -589 -240 -217 76 -143 -112 -157 -522 Official creditors -30 -26 114 37 -38 40 33 -47 -64 Multilateral 9 -15 24 -12 -15 24 17 -24 -19 Concessional 6 2 24 2 1 1 24 8 -15 -11 Bilateral -39 -11 90 49 -23 16 16 -23 -45 Concessional -2 -10 91 50 -26 17 17 -22 -44 Pfivate creditors -95 -563 -354 -254 114 -183 -144 -110 -458 Bonds 0 0 0 0 0 0 0 225 -16 Commercial banks .. -35 -503 -342 -389 98 -155 -98 -231 -342 Other private -60 -60 -12 135 1 5 -29 -46 -104 -100 Private nonguaranteed 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 0 Memo: IBRD 0 4 -11 -3 -12 -20 -11 -6 -5 -5 IDA 0 0 0 0 0 0 0 0 0 0 DEBT SERVICE (LTDS) 223 714 493 583 525 466 720 430 567 Public and publicly guaranteed 223 714 493 583 525 465 719 429 567 Official creditors 76 60 70 71 96 76 73 91 109 Multilateral 5 37 36 33 36 34 32 34 36 Concessional 0 10 8 8 9 16 20 22 25 Bilateral 71 23 34 39 60 43 41 57 73 Concessional 9 23 33 37 58 41 40 56 72 Private creditors 147 654 423 512 429 389 646 338 458 Bonds 0 0 0 0 0 0 0 0 16 Commercial banks 35 503 342 440 333 287 566 231 342 Other private 113 151 81 72 96 102 80 107 100 Private nonguaranteed --0 0 0 0 0 1 1 0 1 Bonds 0 0 0 0 0 0 0 0 0 Comimercial banks 0 0 0 0 0 1 1 0 1 Memo: IBRD 0 2 20 18 17 20 11 6 5 5 IDA 0 0 0 0 0 0 0 0 0 0 UNDISBURSED DEBT -- 499 897 568 464 490 407 230 196 323 Official creditors 176 454 232 114 137 259 181 151 272 Private creditors 323 443 336 350 353 148 49 45 50 Memorandum items Concessional LDOD 261 243 401 487 522 581 600 562 555 Variable rate LDOD 0 1,386 1,397 1,160 1,363 1,329 1,323 1,158 1,007 Public sector LDOD 436 2,400 2,340 2,315 2,608 2,637 2,646 2,567 2,228 Private sector LDOD 0 0 0 0 3 3 3 3 3 6. CURRENCY COMPOSITION OF LONG-TERNI DEBT (PERCENT) Deutsche mark 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 French franc .. 7.5 0.5 0.3 0.2 0.0 0.0 0.0 0.0 0.0 Japanese yen .. 0.0 7.3 13.2 17.2 16.1 15.2 13.1 11.3 8.2 Pound sterling .. 8.8 5.5 6.6 9.4 10.2 9.6 9.3 8.1 8.0 Swiss franc .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 U.S.dollars .. 16.8 75.5 66.9 60.7 62.1 61.1 61.4 64.1 65.0 Multiple currency .. 3.1 2.2 2.2 2.0 1.2 0.9 0.7 0.5 0.0 Special drawing rights .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 All other currencies .. 63.8 9.0 10.8 10.5 10.4 13.2 15.5 16.0 18.8 425 OMAN (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 7. DEBT RES-TRLCTUTRINGS Total amount rescheduled 0 0 0 0 0 0 0 0 Debt stock rescheduled ..0 0 0 0 0 0 0 0 Principal rescheduled 0 0 0 0 0 0 0 0 Official 0 0 0 0 0 0 0 0 Private 0 0 0 0 0 0 0 0 Interest rescheduled 0 0 0 0 0 0 0 0 Official 0 0 0 0 0 0 0 0 Private ..0 0 0 0 0 0 0 0 Debt forgiven ..0 0 0 0 0 0 0 0 Memo: interest forgiven ..0 0 0 0 0 0 0 0 Debt stock reduction 0 0 0 0 0 0 0 0 of which debt buyback 0 0 0 0 0 0 0 0 8. DEBT STOCK-FLOIV RECONCILIAnlON Total change in debt stocks ... -233 -46 -198 430 94 234 187 27 Net flows on debt -64 -425 0 -231 360 103 263 241 1 Net change in interest arrears 1 0 0 0 2 -1 0 -1 Interest capitalized 0 0 0 0 0 0 0 0 Debt forgiveness or reduction 0 0 0 0 0 0 0 0 Cross-currency valuation 46 -42 43 70 -12 -22 -47 30 Residual 145 -3 -10 0 1 -7 -7 -3 9. AVER.AGE TERMIS OF NEW COMMUTMENTS ALL CREDITORS Interest (%) .. 7.9 7.5 5.0 5.5 4.7 4.6 5.7 6.7 3.4 Maturity (years) .. 9.4 13.8 11.6 11.8 8.8 16.6 8.1 6.0 18.0 Grace period (years) .. 3.2 4.0 2.7 3.8 3.2 3.4 4.9 4.7 3.2 Grant element (%) .. 9.1 12.8 23.4 22.6 21.9 31.9 19.1 13.7 37.5 Official creditors Interest (%) .. 10.0 1.9 2.9 0.0 3.3 4.6 3.5 3.6 3.3 Maturity (years) .. 10.5 16.7 16.5 0.0 16.7 16.6 19.1 13.0 18.2 Grace period (years) .. 2.9 4.5 3.9 0.0 3.5 3.4 4.1 2.9 3.2 Grant element (%) .. 2.9 45.1 39.3 0.0 37.0 31.9 40.9 32.7 37.7 Private creditors Interest (%) .. 7.5 8.0 6.6 5.5 5.0 0.0 6.0 7.1 3.9 Maturity (years) .. 9.2 13.5 7.9 11.8 7.6 0.0 7.0 5.0 11.1 Grace period (years) .. 3.3 4.0 1.7 3.8 3.2 0.0 5.0 5.0 3.1 Grant element (%) .. 10.3 9.9 11.1 22.6 19.6 0.0 16.9 10.9 28.8 Memorandum items Commiitmnents .. 454 412 144 275 622 245 441 258 188 Official creditors .. 76 34 63 0 80 245 41 33 183 Private creditors .. 379 379 81 275 542 0 400 225 6 10. CONTRACTLlAL OBLIGATIONS ON OUTSTAND)ING LONG-TERMI DEBT 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 TOTAL Disbursements 117 86 50 31 17 11 6 3 2 0 Principal 601 174 254 563 332 151 88 60 58 56 Interest 127 100 93 69 42 25 18 15 13 11 Official creditors Disbursements 77 76 50 3 1 17 1 1 6 3 2 0 Principal 73 75 75 79 77 75 63 59 58 56 Interest 28 28 27 25 23 20 17 15 13 1 1 Bilateral creditors Disbursements 42 37 24 13 7 4 2 1 0 0 Principal 41 41 45 47 48 46 46 43 43 40 Interest 1 8 1 8 1 8 16 15 13 1 1 10 8 6 Multilateral creditors Disbursements 36 39 27 1 8 10 7 4 2 2 0 Principal 3 1 34 30 32 29 29 16 16 15 15 Interest 10 10 10 9 8 7 6 6 5 4 Private creditors Disbursements 40 10 0 0 0 0 0 0 0 0 Principal 528 99 179 484 255 76 25 0 0 0 Interest 99 72 66 43 19 5 1 0 0 0 Commnercial banks Disbursements 5 0 0 0 0 0 0 0 0 0 Principal 444 28 108 188 188 28 14 0 0 0 Interest 56 33 32 23 1 1 2 0 0 0 0 Other private Disbursements 35 1 0 0 0 0 0 0 0 0 0 Principal 84 70 70 295 67 48 1 1 0 0 0 Interest 43 39 34 2 1 8 3 0 0 0 0 426 PAKISTAN (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 I. SUMI IARY DEBT DA [A TOTAL DEBT STOCKS (EDT) 9,931 20,663 24,918 24,527 27,359 30,130 29,726 29,978 32,229 Long-term debt (LDOD) 3,071 8,520 16,643 19,397 21,459 23,864 25,282 25,514 26,215 28,663 Public and publicly guaranteed 3,066 8,502 16,506 18,563 20,402 22,686 23,689 23,519 23,878 26,061 Private nonguaranteed 5 18 138 834 1,057 1,178 1,593 1,995 2,338 2,602 Use of IMF credit 45 674 836 1,127 1,122 1,557 1,613 1,396 1,281 1,360 Short-term debt 737 3,185 4,394 1,946 1,938 3,235 2,816 2,481 2,206 of which interestarrears on LDOD 0 1 0 0 0 0 0 0 123 Official creditors 0 1 0 0 0 0 0 0 77 Private creditors 0 0 0 0 0 0 0 0 46 Memo: principal arrears on LDOD 0 15 0 0 0 0 0 0 243 Official creditors 0 15 0 0 0 0 0 0 165 Private creditors ..0 0 0 0 0 0 0 0 78 Memo: export credits ..0 2,343 2,584 2,671 3,329 5,182 4,870 5,011 5,653 TOTAL DEBT FLOWS Disbursements 492 1,371 1,766 2,923 3,216 4,039 3,201 3,582 4,796 3,013 Long-term debt 492 1,064 1,766 2,923 3,093 3,607 2,999 3,427 4,516 2,831 vIiF purchases 0 308 0 0 123 432 202 155 280 182 Principal repayments 143 492 1,087 1,444 1,521 2,469 2,006 2,089 2,839 1,794 Long-term debt 115 353 916 1,279 1,393 2,403 1,832 1,768 2,530 1,634 IMF repurchases 28 139 172 166 128 66 174 321 309 159 Net flows on debt 453 1,176 1,093 1,740 -753 1,562 2,492 1,074 1,622 821 of which short-term debt 296 414 261 -2,448 -8 1,297 -419 -335 -398 Interest payments (INT) 378 839 887 866 999 1,194 1,188 1,232 949 Long-termn debt 78 248 521 662 750 855 948 906 902 802 IMF charges 0 27 54 36 36 34 44 58 36 35 Short-term debt 103 264 190 80 109 203 225 294 112 Net transfers on debt .. 798 254 852 -1,619 563 1,297 -114 390 -128 Total debt service paid (TDS) .. 870 1,926 2,332 2,386 3,468 3,200 3,277 4,071 2,743 Long-termn debt 193 601 1,437 1,940 2,143 3,258 2,779 2,673 3,432 2,436 EMF repurchases and charges 28 166 226 202 163 100 219 378 345 194 Short-termn debt (interest only) 103 264 190 80 109 203 225 294 112 2. AGGREGATE NET RESOURCE FLOWS AND NET TRANSFERS (LONG-TERNM NET RESOURCE F'LOWS 453 1,256 1,419 2,428 2,431 3,167 2,820 3,498 3,133 1,871 Net flow of long-term debt (ex. IMF) 377 711 851 1,645 1,700 1,204 1,167 1,659 1,986 1,197 Foreign direct investment (net) 23 63 244 335 346 429 736 939 729 500 Portfolio equity flows 0 0 0 139 185 1,335 729 700 252 0 Grants (excluding technical coop.) 53 482 324 310 201 199 188 200 167 175 Memo: technical coop. grants 24 12 319 320 273 180 181 156 130 118 official net resourcetflows 404 1,026 1,237 1,327 1,190 1,392 1,038 1,308 1,046 1,066 private net resource flows 49 230 182 1,101 1,241 1,775 1,782 2,190 2,087 806 NET TRANSFERS 369 1,002 844 1,712 1,619 2,242 1,773 2,466 2,032 839 Interest on long-term debt 78 248 521 662 750 855 948 906 902 802 Profit renmittances on FDI 6 6 53 54 62 70 100 126 200 230 Memo: official net transfers 340 823 782 749 550 700 287 618 365 470 private net transfers 29 179 63 963 1,070 1,542 1,486 1,848 1,667 370 3. MLAJOR ECONOMIC AGGREGATES Gross national product (GNP) 9,933 23,409 39,044 47,615 50,309 50,692 59,423 62,009 60,850 61,039 Exports of goods &services (XGS) 891 4,758 8,267 9,811 9,972 9,851 11,775 11,872 11,345 11,631 of which workers remittances 86 1,748 1,942 1,468 1,562 1,446 1,866 1,461 1,409 1,490 Imports of goods & services (MGS) 1,591 6,042 10,425 12,803 14,425 12,759 14,830 17,364 16,743 15,273 International reserves (RES) 195 1,568 1,046 1,524 1,995 3,716 2,528 1,307 1,795 1,626 Current account balance -667 -869 -1,352 -896 -3,327 -1,650 -2,163 -4,343 -3,560 -1,702 4. DEBT INDICATORS EDT / XGS (%) .. 208.7 250.0 254.0 246.0 277.7 255.9 250.4 264.2 277.1 EDT / GNP (%) .. 42.4 52.9 52.3 48.8 54.0 50.7 47.9 49.3 52.8 TDS /XGS (%) .. 18.3 23.3 23.8 23.9 35.2 27.2 27.6 35.9 23.6 INT /XGS (%) .. 7.9 10.2 9.0 8.7 10.1 10.1 10.0 10.9 8.2 INT /GNP (%) .. 1.6 2.2 1.9 1.7 2.0 2.0 1.9 2.0 1.6 RES /EDT (%) .. 15.8 5.1 6.1 8.1 13.6 8.4 4.4 6.0 5.0 RES /MGS (months) 1.5 3.1 1.2 1.4 1.7 3.5 2.1 0.9 1.3 1.3 Short-term /EDT (%) .. 7.4 15.4 17.6 7.9 7.1 10.7 9.5 8.3 6.8 Concessional /EDT(% . 71.6 58.5 51.1 54.6 55.6 53.7 53.3 49.8 52.5 Multilateral /EDT (%) .. 15.4 33.4 35.1 40.4 41.9 40.4 41.0 39.6 40.7 427 PAKISTAN (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 5. LONG-TERNI DEBT DEBT OUTSTANDING (LDOD) 3,071 8,520 16,643 19,397 21,459 23,864 25,282 25,514 26,215 28,663 Public and publicly guaranteed 3,066 8,502 16,506 18,563 20,402 22,686 23,689 23,519 23,878 26,061 Official creditors 2,781 7,953 15,791 17,733 19,095 21,516 22,592 22,297 21,557 23,761 Multilateral 614 1,532 6,894 8,749 9,906 11,462 12,179 12,190 11,860 13,130 Concessional 280 956 3,887 4,669 5,214 6,270 6,894 7,174 7,116 7,973 Bilateral 2,166 6,420 8,897 8,983 9,190 10,054 10,413 10,108 9,697 10,632 Concessional 1,906 6,154 8,207 8,065 8,177 8,943 9,283 8,676 7,819 8,935 Private creditors 285 550 714 830 1,307 1,170 1,097 1,221 2,321 2,300 Bonds 0 0 0 0 0 150 150 300 675 675 Commnercial banks 6 115 402 466 873 424 379 308 1,280 1,311 Other private 280 435 313 364 434 596 568 614 366 315 Private nonguaranteed 5 18 138 834 1,057 1,178 1,593 1,995 2,338 2,602 Bonds 0 0 0 0 0 45 45 45 45 45 Conunercial banks 5 1 8 138 834 1,057 1,133 1,548 1,950 2,293 2,557 Memo: IBRD 330 330 1,816 2,384 2,624 2,934 3,082 3,007 3,046 3,136 IDA 280 821 2,106 2,457 2,683 3,054 3,321 3,480 3,526 3,800 DISBURSEMENTS 492 1,064 1,766 2,923 3,093 3,607 2,999 3,427 4,516 2,831 Public and publicly guaranteed 490 1,054 1,728 2,384 2,698 3,176 2,244 2,726 3,838 2,222 Official creditors 420 798 1,648 1,955 2,051 2,696 2,112 2,336 2,717 2,064 Multilateral 94 161 984 1,174 1,337 1,478 1,163 1,275 1,192 1,017 Concessional 24 103 366 426 512 808 673 710 529 583 Bilateral 326 637 664 781 714 1,217 949 1,061 1,525 1,047 Concessional 274 544 336 356 313 841 724 448 367 897 Private creditors 69 257 80 429 647 481 132 390 1,122 159 Bonds 0 0 0 0 0 150 0 150 375 0 Commnercial banks 0 101 9 318 530 134 90 87 - 742 135 Other private 69 156 72 III 118 197 42 154 4 23 Private nonguaranteed 3 9 39 540 395 431 755 701 678 609 Bonds 0 0 0 0 0 45 0 0 0 0 Commercial banks 3 9 39 540 395 386 755 701 678 609 Memo: IBRD 66 16 356 387 349 314 271 371 490 130 IDA 24 74 138 226 249 321 254 280 233 219 PRINCIPAL REPAYMENTS 115 353 916 1,279 1,393 2,403 1,832 1,768 2,530 1,634 Public and publicly guaranteed 114 346 877 1,148 1,222 2,138 1,492 1,469 2,195 1,334 Official creditors 69 254 735 937 1,061 1,503 1,262 1,228 1,837 1,173 Multilateral 22 41 307 298 417 634 558 486 618 483 Concessional 0 5 43 5 1 59 67 8 1 93 ill 121 Bilateral 47 213 428 639 644 869 703 742 1,220 690 Concessional 22 177 368 386 362 554 457 466 565 354 Private creditors 46 92 143 211 161 635 230 241 357 162 Bonds 0 0 0 0 0 0 0 0 0 0 Commiercial banks 1 10 88 167 120 585 138 157 123 104 Other private 44 83 54 44 4 1 50 92 85 234 5 8 Private nonguaranteed 1 7 39 131 171 265 340 299 335 300 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 1 7 39 131 171 265 340 299 335 300 Memo: I~BRD 22 26 73 126 155 180 219 227 206 197 IDA 0 4 19 23 26 30 35 39 42 47 NET FLOWS ON DEBT 377 711 851 1,645 1,700 1,204 1,167 1,659 1,986 1,197 Public and publicly guaranteed 375 709 851 1,236 1,476 1,039 752 1,257 1,644 888 Official creditors 351 544 913 1,017 990 1,193 850 1,108 879 891 Multilateral 72 120 677 876 920 844 604 789 575 534 Concessional 23 99 322 375 452 741 592 618 419 461 Bilateral 279 424 236 142 69 349 246 319 305 358 Concessional 252 367 -32 -30 -49 287 267 -18 -198 543 Private creditors 24 164 -63 218 487 -154 -98 149 764 -3 Bonds 0 0 0 0 0 150 0 150 375 0 Commnercial banks -1 9 1 -80 151 410 -451 -48 -70 619 3 1 Other private 25 73 17 67 77 147 -51 69 -230 -34 Private nonguaranteed 2 2 0 409 223 166 416 402 342 309 Bonds 0 0 0 0 0 45 0 0 0 0 Cominercial banks 2 2 0 409 223 121 416 402 342 309 Memo: IBRD 44 -10 283 260 194 134 52 144 284 -67 IDA 23 70 119 202 223 291 218 241 191 172 428 PAKISTAN (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 INTEREST PAYMENTS (LINT) 78 248 521 662 750 855 948 906 902 802 Public and publicly guaranteed 77 247 511 623 684 764 817 783 757 655 Official creditors 64 203 456 578 641 692 751 689 681 596 Multilateral 21 61 247 330 377 423 445 411 391 342 Concessional 2 7 31 40 44 51 58 61 65 62 Bilateral 43 143 209 248 263 269 306 278 290 254 Concessional 29 128 178 189 192 201 251 206 198 126 Private creditors 14 44 55 45 44 73 66 94 77 59 Bonds 0 0 0 0 0 0 9 17 17 17 Comimercial banks 0 9 38 28 25 45 32 31 19 20 Other private 1 3 35 17 17 19 27 26 46 40 22 Private nonguaranteed 0 2 11 39 66 91 130 122 144 147 Bonds 0 0 0 0 0 1 2 2 2 2 Comimercial banks 0 2 11 39 66 90 128 120 142 144 Memo: IBRD 19 33 126 170 187 203 217 210 193 182 IDA 2 6 15 18 19 21 24 25 26 27 NET TRANSFERS ON DEBT 300 463 329 983 950 349 220 753 1,084 395 Public and publicly guaranteed 298 462 340 613 792 274 -65 474 886 233 Official creditors 288 341 457 440 349 501 99 418 199 295 Multilateral 51 60 430 546 543 421 159 378 183 192 Concessional 21 92 291 335 409 690 534 557 354 399 Bilateral 236 281 27 -106 -194 80 -60 41 15 103 Concessional 223 239 -210 -218 -241 86 16 -224 -396 417 Private creditors 10 121 -117 173 443 -227 -164 55 688 -63 Bonds 0 0 0 0 0 150 -9 133 358 -17 Commercial banks -1 82 -118 123 385 -497 -80 -101 599 11 Other private 12 39 1 50 58 120 -76 23 -270 -56 Private nonguaranteed 2 1 -11 370 158 75 285 280 198 162 Bonds 0 0 0 0 0 44 -2 -2 -2 -2 Commercial banks 2 1 -11 370 158 31 287 282 200 164 Memo: IBRD 25 -43 157 90 7 -69 -165 -65 91 -249 IDA 21 64 104 185 204 270 194 217 165 146 DEBT SERVICE (LTDS) 193 601 1,437 1,940 2,143 3,258 2,779 2,673 3,432 2,436 Public and publicly guaranteed 192 593 1,388 1,771 1,906 2,902 2,309 2,253 2,952 1,990 Official creditors 133 457 1,191 1,515 1,701 2,195 2,013 1,917 2,518 1,769 Multilateral 43 102 554 628 794 1,057 1,003 897 1,009 825 Concessional 2 12 74 91 103 118 140 153 175 184 Bilateral 90 355 636 887 908 1,138 1,009 1,020 1,509 944 Concessional 51 305 546 575 554 755 708 672 763 480 Private creditors 59 136 197 256 204 707 297 335 434 221 Bonds 0 0 0 0 0 0 9 17 17 17 Commercial banks 1 19 127 195 145 631 170 188 143 124 Other private 58 117 71 61 60 77 118 131 274 79 Private nonguaranteed 1 8 49 170 237 356 470 421 479 447 Bonds 0 0 0 0 0 1 2 2 2 2 Comimercial banks 1 8 49 170 237 355 468 419 477 444 Memo: IBRD 41 59 199 296 343 383 436 436 399 378 IDA 2 10 34 41 45 51 59 63 68 74 UNDISBURSED DEBT 1,515 2,822 9,153 9,131 9,597 9,801 8,978 8,331 6,568 6,225 Official creditors 1,317 2,677 8,922 8,629 9,083 9,400 8,627 8,099 6,215 6,008 Private creditors 198 145 231 502 515 401 351 232 353 217 Memorandum items Concessional LDOD 2,186 7,110 12,094 12,734 13,392 15,213 16,177 15,850 14,935 16,908 Variable rate LDOD 5 129 2,232 4,013 5,243 5,422 6,002 6,843 8,984 9,602 Public sector LDOD 2,951 8,432 16,374 18,450 20,306 22,590 23,595 23,435 23,817 26,005 Private sector LDOD 120 88 269 946 1,153 1,274 1,687 2,079 2,398 2,658 6. CIRRENCI CONMPOSITION OF LONG-TERMI DEB'T PER-CENT) Deutsche mark 9.3 9.1 10.2 8.8 7.3 7.9 8.1 7.3 5.9 5.5 French franc 1.6 3.2 1.8 1.7 1.6 2.5 2.8 2.7 2.2 2.2 Japanese yen 6.0 8.4 13.6 13.8 14.1 15.6 15.2 14.4 13.0 16.4 Pound sterling 16.1 3.7 1.5 1.2 1.1 0.9 0.8 0.8 0.8 0.8 Swiss franc 0.7 0.4 0.3 0.3 0.2 0.3 0.3 0.4 0.3 0.3 U.S.dollars 46.2 53.8 35.7 33.9 35.1 31.1 31.1 33.5 40.5 38.0 Multiple currency 13.5 9.6 26.2 30.8 32.2 34.5 34.8 34.0 31.2 31.3 Special drawing rghts 0.0 0.0 3.1 2.9 2.8 2.8 2.9 3.0 3.0 3.1 All other currencies 6.6 11.8 7.6 6.6 5.6 4.4 4.0 3.9 3.1 2.4 429 PAKISTAN (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 7. DEBT RESTRUJCTURINGS Total amount rescheduled 0 0 0 0 0 0 0 0 Debt stock rescheduled 0 0 0 0 0 0 0 0 Prinicipal rescheduled 0 0 0 0 0 0 0 0 Official 0 0 0 0 0 0 0 0 Private 0 0 0 0 0 0 0 0 Interest rescheduled ..0 0 0 0 0 0 0 0 Official ..0 0 0 0 0 0 0 0 Private ..0 0 0 0 0 0 0 0 Debt forgiven 0 0 0 0 0 0 0 0 Memo: interest forgiven 0 0 0 0 0 0 0 0 Debt stock reduction ...0 0 0 0 0 0 0 0 of which debt buyback 0 0 0 0 0 0 0 0 8. DEBT STOCK-FLO%V RECONCILIATION Total change in debt stocks 2,315 1,555 -391 2,832 2,771 -404 252 2,251 Net flows on debt 453 1,176 1,093 1,740 -753 1,562 2,492 1,074 1,622 821 Net change in interest arrears 0 -1 0 0 0 0 0 123 Interest capitalized 0 0 0 0 0 0 0 0 Debt forgiveness or reduction 0 0 0 0 0 0 0 0 Cross-cuffency valuation 672 -329 191 922 220 -851 -942 860 Residual ... 551 144 170 349 59 -627 -429 447 9. AVERAGE TERM~S OF NEW COMMAITM-ENTS ALL CREDITORS Interest (%) 2.8 4.4 5.3 4.4 3.6 4.1 5.6 4.5 5.2 6.0 Maturity (years) 31.6 30.1 22.5 18.8 20.2 23.4 17.5 20.5 11.7 19.7 Grace period (years) 11.9 6.6 6.1 6.7 5.7 6.6 5.5 6.1 3.2 5.6 Grant element (%) 59.2 47.9 34.9 36.9 41.0 42.9 29.6 35.2 21.0 29.7 Ofricial creditors Interest (%) 2.3 2.5 5.2 4.1 3.0 3.5 5.4 5.0 4.7 5.9 Maturity (years) 35.1 35.4 22.9 22.0 24.4 25.3 19.2 22.4 17.7 20.9 Grace period (years) 13.6 8.2 6.2 7.7 6.9 7.1 6.1 6.4 4.9 6.0 Grant element (%) 66.3 62.2 35.7 42.8 49.9 47.3 32.3 35.9 31.2 31.7 Private creditors Interest (%) 5.7 11.3 8.8 5.5 5.6 8.4 7.0 0.6 6.0 7.1 Maturity (years) 11.1 10.8 10.6 7.0 4.4 8.1 4.4 5.1 3.2 6.5 Grace period (years) 1.9 0.8 4.8 3.0 1.2 2.9 0.9 3.2 0.8 2.1 Grant element (%) 17.5 -4.0 5.0 15.1 7.1 5.9 8.1 29.9 6.6 7.2 Memorandum items Commitments 949 1,115 2,972 2,861 3,288 3,351 1,906 2,718 3,093 2,233 Official creditors 811 874 2,890 2,254 2,605 2,994 1,693 2,421 1,806 2,049 Private creditors 139 242 82 606 683 357 213 297 1,287 184 10. CONTRACTUAL. OBLIGATIONS ON OUTSTAN-DING LONG-TERNI DEBT 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 TOTAL Disbursements 2,175 1,721 1,098 619 275 99 49 15 4 1 Principal 3,437 2,399 2,068 1,777 1,711 1,704 1,672 1,588 1,550 1,547 Interest 1,056 946 873 799 724 646 568 506 445 379 Official creditors Disbursements 2,075 1,647 1,068 611 272 99 49 15 4 1 Principal 2,044 1,519 1,415 1,403 1,405 1,401 1,371 1,305 1,285 1,285 Interest 805 775 743 695 638 576 514 468 421 368 Bilateral creditors Disbursements 827 661 375 188 83 37 13 2 1 0 Principal 1,348 844 682 647 647 633 626 604 576 576 Interest 338 321 309 291 270 246 222 198 175 154 Multilateral creditors Disbursements 1,248 986 693 423 189 62 36 13 3 1 Principal 695 675 734 756 758 768 745 701 709 709 Interest 468 455 434 404 368 330 293 270 246 215 Private creditors Disbursements 101 74 30 8 4 0 0 0 0 0 Principal 1,393 880 653 374 306 303 301 283 265 262 Interest 251 171 131 104 86 70 54 38 24 1 1 Comimercial banks Disbursements 24 16 3 1 0 0 0 0 0 0 Principal 624 437 134 7 1 10 10 10 9 7 5 Interest 66 32 13 5 2 2 1 1 1 0 Other private Disbursements 76 59 27 7 4 0 0 0 0 0 Principal 769 444 519 303 296 293 292 274 258 257 Interest 185 139 118 100 84 68 53 37 24 1 1 430 PANAMA (US$ million, unless otherwise indicated) 1970 1980 1990 -1992 1993 1994 1995 1996 1997 1998 1. SUMMNARY DEBT DATA TOTAL DEBT STOCKS (EDT) 2,975 6,679 6,486 6,958 7,129 6,275 6,069 6,338 6,689 Long-term debt (LDOD) 194 2,271 3,988 3,771 3,799 3,930 3,914 5,211 5,418 5,763 Public and publicly guaranteed 194 2,271 3,988 3,771 3,799 3,930 3,914 5,136 5,074 5,413 Private nonguaranteed 0 0 0 0 0 0 0 75 344 349 Useof IMF credit 0 23 272 110 113 133 ill 131 142 177 Short-term debt 681 2,418 2,605 3,046 3,065 2,251 727 777 749 of which interest arrears on LDOD 1 1,018 1,205 1,595 1,600 1,652 48 49 21 Official creditors 0 266 64 167 192 225 1 0 0 Private creditors 1 753 1,141 1,427 1,408 1,427 47 49 21 Memo: principal arrears on LDOD 0 2,116 1,972 2,163 2,035 2,127 191 166 107 Official creditors 0 554 112 175 198 204 3 5 3 Private creditors 0 1,562 1,861 1,989 1,838 1,923 188 161 105 Memo: exportecredits 0 204 84 18 32 56 241 834 188 TOTAL DEBT FLOWS Disbursements 67 404 6 268 38 54 113 403 1,789 770 Long-termn debt 67 404 6 168 25 40 99 327 1,743 729 IMFpurchases 0 0 0 101 14 14 1 3 76 46 4 1 Principal repayments 25 232 121 603 146 165 172 463 1,239 360 Long-term debt 24 215 5 1 402 136 164 134 411 1,214 346 IMF repurchases 2 1 7 7 1 201 10 1 39 52 26 1 3 Net flows on debt 77 361 -115 -334 -56 -98 -926 20 599 411 of which short-term debt 189 0 0 5 1 14 -866 80 49 0 Interest payments (INT) 256 224 364 136 221 144 438 350 385 Long-termn debt 7 252 9 1 231 80 140 101 392 301 336 IMF charges 0 3 16 79 7 6 7 5 6 7 Short-termndebt 2 117 55 50 74 36 41 44 42 Net transfers on debt 105 -339 -698 -192 -318 -1,070 -418 248 25 Total debt service paid (TDS) -- 488 345 966 282 386 316 901 1,590 745 Long-termn debt 3 1 466 141 632 215 304 235 803 1,514 682 IIM repurchases and charges 2 20 87 279 17 8 46 57 32 20 Short-term debt (interest only) 2 117 55 50 74 36 4 1 44 42 2. AGGREGATE NET RESOUiRCE FLOWS AND NET TRANSFERS (LONG-TERMi NET RESOURCE F'LOWS 76 149 213 133 100 421 288 342 1,798 1,600 Net flow of long-term debt (ex. IMF) 44 189 -45 -234 -111 -124 -34 -84 530 383 Foreign direct investment (net) 33 -47 132 139 156 411 289 410 1,256 1,206 Porffolio equity flows 0 0 0 88 0 115 20 5 2 0 Grants (excluding technical coop.) -1 6 126 141 55 20 1 3 1 1 1 1 1 0 Memo: technical coop. grants 8 9 -16 27 35 28 43 28 25 27 official net resource flows 1 0 83 87 -87 43 -74 -9 -131 130 141 private net resource flows 67 65 127 220 143 495 297 472 1,669 1,459 NET TRANSFERS 50 -174 80 -173 -13 241 144 -85 1,465 1,224 Interest on long-term debt 7 252 9 1 231 80 140 101 392 301 336 Profit renmittances on FDI 19 72 42 76 33 40 43 35 33 40 Memo: official net transfers 7 49 -1 -307 -115 -137 -67 -371 63 73 private net transfers 43 -223 8 1 134 103 378 212 287 1,401 1,151 3. MAJOR ECONOMIC AGGREGATES Gross national product (GNP) 1,034 3,393 5,024 6,202 6,959 7,505 7,533 7,827 8,239 8,580 Exports of goods & services (XGS) .. 7,855 5,595 7,482 7,786 8,669 9,271 8,819 9,756 9,764 ofwhlich workers remittances ..2 1 8 1 3 17 1 7 16 1 6 1 6 1 6 Imports of goods &services (MGS) .. 8,222 5,588 7,937 8,068 8,784 9,776 9,240 10,494 11,119 Intemnational reserves (RES) 16 117 344 504 597 704 781 867 1,148 954 Current account balance .. -329 209 -264 -96 1 6 -369 -302 -604 -1,212 4. DEBT INDICA-TORS EDT /XGS(% . 37.9 119.4 86.7 89.4 82.2 67.7 68.8 65.0 68.5 EDT /GNP(% . 87.7 132.9 104.6 100.0 95.0 83.3 77.5 76.9 78.0 TDS / XGS (% . 6.2 6.2 12.9 3.6 4.5 3.4 10.2 16.3 7.6 INT /XGS (%) .. 3.3 4.0 4.9 1.8 2.5 1.6 5.0 3.6 3.9 INT /GNP(% . 7.5 4.5 5.9 2.0 2.9 1.9 5.6 4.3 4.5 RES / EDT (% . 4.0 5.1 7.8 8.6 9.9 12.5 14.3 18.1 14.3 RES /MGS (months) . 0.2 0.7 0.8 0.9 1.0 1.0 1.1 1.3 1.0 Short-term /EDT (%) .. 22.9 36.2 40.2 43.8 43.0 35.9 12.0 12.3 11.2 Concessional /EDT (%) .. 9.0 5.9 7.0 6.3 6.2 6.7 6.8 6.4 5.9 Multilateral /EDT (%) .. 11.0 15.3 10.7 9.0 8.3 9.9 11.2 12.2 14.7 431 PANAMA (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 5. LONC-TERM DEBT DEBT OUTSTANDING (LDOD) 194 2,271 3,988 3,771 3,799 3,930 3,914 5,211 5,418 5,763 Public and publicly guaranteed 194 2,271 3,988 3,771 3,799 3,930 3,914 5,136 5,074 5,413 Official creditors 93 595 1,504 1,314 1,307 1,264 1,262 1,070 1,138 1,317 Multilateral 38 327 1,020 694 625 591 619 677 773 980 Concessional 29 129 202 153 146 147 142 133 124 117 Bilateral 55 268 483 620 682 674 643 393 365 337 Concessional 49 138 194 299 294 292 277 282 280 275 Private creditors 101 1,676 2,484 2,457 2,492 2,666 2,652 4,066 3,936 4,097 Bonds 29 395 260 267 260 3 3 3,327 3,328 3,599 Comimercial banks 6 1,161 2,102 2,124 2,160 2,599 2,598 690 565 488 Other private 66 120 123 67 72 65 5 1 49 43 10 Private nonguaranteed 0 0 0 0 0 0 0 75 344 349 Bonds 0 0 0 0 0 0 0 75 321 246 Commercial banks 0 0 0 0 0 0 0 0 23 103 Memo: IBRD 7 133 462 288 241 206 175 199 209 279 IDA 0 0 0 0 0 0 0 0 0 0 DISBURSEMENTS 67 404 6 168 25 40 99 327 1,743 729 Public and publicly guaranteed 67 404 6 168 25 40 99 252 1,469 645 Official creditors 15 95 6 165 24 15 95 192 240 242 Multilateral 6 68 0 113 16 15 93 168 201 230 Concessional 6 23 0 1 1 4 5 2 1 4 Bilateral 9 27 6 52 8 0 2 24 39 12 Concessional 8 10 0 5 1 2 0 0 24 39 12 Private creditors 52 309 0 2 1 25 5 6 1 1,230 403 Bonds 0 25 0 0 0 0 0 0 1,200 352 Commercial banks 0 272 0 2 1 25 5 55 30 5 1 Other private 52 1 3 0 0 0 0 0 5 0 0 Private nonguaranteed 0 0 0 0 0 0 0 75 274 85 Bonds 0 0 0 0 0 0 0 75 246 0 Commercial banks 0 0 0 0 0 0 0 0 28 85 Memo: IBRD 0 20 0 60 0 2 3 69 53 9 1 IDA 0 0 0 0 0 0 0 0 0 0 PRINCIPAL REPAYMENTS 24 215 51 402 136 164 134 411 1,214 346 Public and publicly guaranteed 24 215 51 402 136 164 134 411 1,209 267 Official creditors 5 18 45 393 122 108 117 333 121 III Multilateral 2 9 43 363 93 92 85 72 70 60 Concessional 1 3 0 34 8 10 1 1 1 1 10 10 Bilateral 3 9 2 30 29 16 32 262 5 1 5 1 Concessional 2 2 0 7 13 9 1 1 10 29 29 Private creditors 1 9 197 6 9 14 56 1 7 78 1,088 155 Bonds 1 9 2 2 1 1 1 0 987 59 Commercial banks 2 165 1 0 2 47 3 70 95 94 Other private 1 6 23 3 8 10 8 1 3 8 6 3 Private nonguaranteed 0 0 0 0 0 0 0 0 5 80 Bonds 0 0 0 0 0 0 0 0 0 75 Commercial banks 0 0 0 0 0 0 0 0 5 5 Memo: IBRD 1 6 41 178 54 54 43 3 1 29 26 IDA 0 0 0 0 0 0 0 0 0 0 NET FLOWS ON DEBT 44 189 -45 -234 -111 -124 -34 -84 530 383 Public and publicly guaranteed 44 189 -45 -234 -111 -124 -34 -159 260 378 Official creditors 1 1 77 -39 -227 -98 -94 -22 -142 119 131 Multilateral 5 59 -43 -249 -77 -78 8 96 131 170 Concessional 5 20 0 -33 -8 -7 -6 -10 -9 -7 Bilateral 6 1 8 4 22 -21 -16 -30 -237 -12 -40 Concessional 6 8 0 44 -11 -9 -10 15 10 -18 Private creditors 33 112 -5 -7 -13 -31 -12 -18 142 248 Bonds -1 1 6 -2 -2 -1 -1 -1 0 213 293 Commrercial banks -2 107 -1 2 -2 -23 1 -15 -65 -43 Other private 36 -10 -3 -8 -10 -8 -13 -3 -6 -3 Private nonguaranteed 0 0 0 0 0 0 0 75 269 5 Bonds 0 0 0 0 0 0 0 75 246 -75 Commercial banks 0 0 0 0 0 0 0 0 23 80 Memo: IBRD -1 15 -41 -118 -54 -52 -40 37 25 65 IDA 0 0 0 0 0 0 0 0 0 0 432 PANAMA (US5$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 INTEREST PAYMENTS (LINT) 7 252 91 231 80 140 101 392 301 336 Public and publicly guaranteed 7 252 91 231 80 140 101 392 292 300 Official creditors 3 35 88 220 73 63 59 241 66 68 Multilateral 1 20 85 172 47 44 39 39 45 53 Concessional 1 3 9 5 3 3 3 3 3 3 Bilateral 1 15 2 48 25 19 20 202 22 15 Concessional 1 4 0 15 17 10 I11 10 1 3 9 Private creditors 4 217 3 1 1 7 77 42 151 226 232 Bonds 1 40 0 0 1 38 1 0 163 198 Comimercial banks 0 168 0 8 3 34 36 147 59 32 Other private 3 9 3 3 3 5 5 4 3 2 Private nonguaranteed 0 0 0 0 0 0 0 0 9 36 Bonds 0 0 0 0 0 0 0 0 8 30 Comimercial banks 0 0 0 0 0 0 0 0 2 6 Memo: IBRD 0 12 27 121 21 1 8 15 13 15 16 IDA 0 0 0 0 0 0 0 0 0 0 NET TRANSFERS ON DEBT 37 -62 -135 -465 -191 -264 -135 -476 229 47 Public and publicly guaranteed 37 -62 -135 -465 -191 -264 -135 -551 -31 78 Official creditors 8 42 -127 -447 -171 -157 -81 -382 53 63 Multilateral 3 39 -128 -421 -124 -122 -31 57 86 117 Concessional 4 17 -9 -38 -11 -10 -9 -12 -12 -9 Bilateral 5 4 1 -26 -46 -35 -50 -439 -34 -55 Concessional 5 4 0 29 -28 -20 -21 4 -3 -27 Private creditors 29 -105 -9 -18 -20 -108 -55 -169 -84 1 6 Bonds -2 -24 -2 -2 -2 -38 -1 -1 50 95 Commercial banks -3 -61 -1 -6 -5 -57 -35 -162 -124 -74 Other private 33 -20 -6 -11 -14 -13 -18 -6 -9 -5 Private nonguaranteed 0 0 0 0 0 0 0 75 260 -31 Bonds 0 0 0 0 0 0 0 75 239 -105 Commercial banks 0 0 0 0 0 0 0 0 22 74 Memo: IBRD -1 3 -68 -239 -75 -70 -55 25 10 50 IDA 0 0 0 0 0 0 0 0 0 0 DEBT SERVICE (LTDS) 31 466 141 632 215 304 235 803 1,514 682 Public and publcicy guaranteed 31 466 141 632 215 304 235 803 1,501 567 Official creditors 7 52 133 612 194 171 176 574 187 179 Multilateral 3 29 128 534 140 137 124 ill 114 113 Concessional 2 6 9 39 1 2 13 14 14 12 1 3 Bilateral 5 23 4 78 54 35 52 463 73 66 Concessional 3 6 0 22 30 20 21 20 43 39 Private creditors 23 414 9 20 2 1 133 59 229 1,314 387 Bonds 2 49 2 2 2 38 1 1 1,150 257 Commercial banks 3 333 1 8 6 8 1 40 217 154 125 Other private 1 9 32 6 1 1 14 1 3 1 8 1 2 9 5 Private nonguaranteed 0 0 0 0 0 0 0 0 14 116 Bonds 0 0 0 0 0 0 0 0 8 105 Commercial banks 0 0 0 0 0 0 0 0 6 1 1 Memo: IBRD 1 17 68 299 76 72 58 44 44 41 IDA 0 0 0 0 0 0 0 0 0 0 UNDISBURSED DEBT 96 595 222 351 590 581 592 575 679 729 Official creditors 92 522 214 338 557 573 529 448 534 634 Private creditors 5 73 8 14 33 8 63 127 146 95 Memorandum items ConcessionaliLDOD 78 267 396 452 439 439 419 414 404 392 Variable rate LDOD 0 1,197 2,318 2,378 2,386 2,671 2,658 3,955 3,055 3,008 Public sector LDOD 194 2,271 3,988 3,771 3,799 3,930 3,914 5,136 5,074 5,413 Private sector LDOD 0 0 0 0 0 0 0 75 344 349 6. CURRENCI COMPOSITION OF LONG-TERMN DEBT (PERCENT) Deutsche mark 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 French franc 0.0 0.0 0.1 0.1 0.1 0.1 0.2 0.1 0.1 0.1 Japanese yen 0.0 9.6 9.4 12.3 10.8 10.3 10.0 2.2 2.5 2.2 Pound sterling 0.0 0.0 0.7 0.6 0.5 0.5 0.4 0.3 0.2 0.2 Swiss franc 0.3 0.0 0.1 0.1 0.1 0.1 0.1 0.0 0.0 0.0 U.S.dollars 94.5 71.0 63.3 67.1 68.7 71.4 71.7 85.7 86.1 89.6 Multiple currency 5.2 11.5 23.8 17.4 15.5 13.9 13.9 10.9 10.4 7.2 Special drawing rights 0.0 0.0 0.4 0.3 0.3 0.2 0.2 0.3 0.3 0.5 All other currencies 0.0 7.9 2.2 2.1 4.0 3.5 3.5 0.5 0.4 0.2 433 PANAMA (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 7. DEBTF RESTRLUCTILRINGS Total amount rescheduled 0 28 58 422 5 3,328 0 0 Debt stock rescheduled 0 0 0 0 0 2 0 0 Principal rescheduled 0 4 36 260 0 1,876 0 0 Official 0 0 3 0 0 0 0 0 Private 0 3 34 260 0 1,876 0 0 Interest rescheduled 0 24 1 6 161 0 1,450 0 0 Official ..0 2 0 0 0 0 0 0 Private 0 22 1 6 161 0 1,450 0 0 Debt forgiven 0 3 0 0 0 590 56 5 1 Memo: interest forgiven 0 0 0 0 0 0 0 0 Debt stock reduction 0 0 0 0 0 56 1,227 0 of which debt buyback 0 0 0 0 0 0 987 0 S. DEBT STOCK-FLOW RECONCILIATION Total charige indebt stocks 361 -247 472 171 -854 -206 269 351 Net flows on debt 77 361 -115 -334 -56 -98 -926 20 599 411 Net change in interest arrears 355 6 390 6 52 -1,604 1 -28 Interest capitalized 0 24 1 6 161 0 1,450 0 0 Debt forgiveness or reduction ..0 -3 0 0 0 -646 -296 -51 Cross-currency valuation ... 63 -81 6 16 -54 -39 -40 17 Residual ... 57 141 118 86 75 612 5 2 9.A% AREAGE TERM%S OF NEW CONMMITTNENTS ALL CREDITORS Interest (%) 6.9 11.3 5.0 6.5 7.7 7.3 5.0 5.9 8.2 7.7 Maturity (years) 15.0 11.4 8.3 20.2 20.6 17.2 17.8 15.6 19.5 14.4 Grace period (years) 4.0 4.5 4.8 5.9 4.6 5.7 3.8 3.9 16.1 7.2 Grant element (%) 16.9 -4.2 22.6 24.0 13.5 16.6 28.5 22.5 11.2 13.9 Official creditors Interest (%) 6.0 6.3 5.0 6.4 7.9 7.3 6.9 6.6 7.2 7.3 Maturity (years) 24.4 15.4 8.3 20.4 20.9 17.2 21.2 18.9 20.7 19.1 Grace period (years) 6.1 5.3 4.8 5.9 4.7 5.7 4.5 5.2 5.4 4.6 Grant element (%) 27.9 21.2 22.6 24.3 12.3 16.6 20.0 21.4 17.7 16.4 Private creditors Interest (%) 7.9 15.2 0.0 7.5 5.0 0.0 3.3 5.1 8.4 8.0 Maturity (years) 4.3 8.3 0.0 11.5 16.2 0.0 14.6 11.7 19.1 9.8 Grace period (years) 1.6 4.0 0.0 3.5 4.2 0.0 3.0 2.4 18.9 9.8 Grant element (%) 4.5 -24.0 0.0 11.6 29.2 0.0 36.4 23.7 9.5 11.4 Memorandum items Commitments III 534 4 359 274 60 116 277 1,578 693 Official creditors 59 233 4 351 254 60 57 151 329 341 Private creditors 52 300 0 8 20 0 60 127 1,249 352 10. CONTRACTPUAL OBLIGATIONS ON OUTSTAN-DING LONG-TERNI DEBT 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 TOTAL Disbursements 236 189 122 85 52 24 13 4 3 1 Principal 234 237 283 877 279 241 238 246 244 572 Interest 397 403 402 378 347 259 251 240 230 240 Official creditors Disbursements 182 162 112 82 52 24 13 4 3 Principal 133 131 137 109 125 127 126 121 113 112 Interest 89 94 95 93 89 83 76 68 60 53 Bilateral creditors Disbursements 1 1 1 0 0 0 0 0 0 0 Principal 54 50 50 14 14 12 1 1 1 1 12 12 Interest 12 9 7 5 5 4 4 4 3 3 Multilateral creditors Disbursements 180 161 112 8 1 52 24 13 4 3 1 Principal 79 81 87 95 III 115 115 110 101 100 Interest 77 85 88 88 85 79 72 64 57 50 Private creditors Disbursements 55 27 9 4 0 0 0 0 0 0 Principal 101 106 146 768 154 114 112 125 131 460 Interest 308 308 308 285 257 176 175 173 170 187 Commercial banks Disbursements 55 27 9 4 0 0 0 0 0 0 Principal 92 97 95 62 25 23 21 19 1 1 8 Interest 25 21 15 9 7 5 4 3 2 2 Other private Disbursements 0 0 0 0 0 0 0 0 0 0 Principal 1 0 10 5 1 706 129 92 92 106 120 452 Interest 284 288 292 276 251 171 171 170 168 186 434 PAPUA NEW GUINEA (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 I. SUMM AR Y DEBT DAIrA TOTAL DEBT STOCKS (EDT) 719 2,594 3,789 3,269 2,792 2,506 2,507 2,589 2,692 Long-term debt (LDOD) 209 624 2,461 3,318 2,960 2,678 2,379 2,422 2,388 2,490 Public and publicly guaranteed 36 486 1,523 1,592 1,616 1,732 1,668 1,544 1,338 1,410 Private nonguaranteed 173 139 938 1,726 1,344 946 711 878 1,050 1,080 Use of IMF credit 0 31 61 59 44 16 50 51 48 46 Short-term debt 64 72 412 264 99 78 34 154 157 of which interest arrears onLDOD 0 0 0 0 0 0 0 0 0 Official creditors 0 0 0 0 0 0 0 0 0 Private creditors 0 0 0 0 0 0 0 0 0 Memo: principal arrears on LDOD 0 0 0 0 0 0 0 0 0 Official creditors 0 0 0 0 0 0 0 0 0 Private creditors 0 0 0 0 0 0 0 0 0 Memo: export credits 0 223 610 556 554 371 354 497 565 TOTAL DEBT FLOWS Disbursements 154 150 681 1,093 248 489 240 549 525 215 Long-term debt 154 135 623 1,093 248 489 189 546 525 215 lIF purchases 0 15 58 0 0 0 51 3 0 0 Principal repayments 20 78 391 481 684 741 509 390 425 119 Long-terin debt 20 72 388 481 669 710 493 390 425 115 IMErepurchases 0 7 3 0 1 5 31 16 0 0 4 Net flow~s on debt 134 108 197 907 -584 -417 -291 115 221 99 of whch short-term debt 36 -93 295 -148 -165 -21 -44 120 3 Interest payments (INT) 72 162 182 168 157 117 100 107 64 Long-term debt 10 52 156 162 143 144 ill 97 100 54 vIMFcharges 0 1 0 4 3 2 1 2 2 2 Short-term debt 19 6 16 22 11 5 1 4 8 Net transfers on debt 36 35 725 -752 -574 -408 15 114 35 Total debt service paid (TDS) .. 150 553 663 852 897 626 491 531 183 Long-term debt 30 123 544 642 812 854 604 487 525 169 RIMF repurchases and charges 0 7 3 4 18 32 17 2 2 6 Short-term debt (interest only) .. 19 6 16 22 11 5 1 4 8 2. AGG REGArE NET RFSOIIRC E FLO%%S AN D NET TRANSFERS (LONC,-TERNIl NET RESOURCE FLOWS 278 418 694 1,023 -142 69 870 649 316 418 Net flow of long-term debt (ex.IMF)134 64 235 612 -421 -221 -304 156 101 100 Foreign direct investment (net) 0 76 155 104 62 57 455 ill 29 110 Portfolio equity flows 0 0 0 0 0 0 450 187 0 0 Grants (excluding technical coop.) 144 279 304 307 217 234 268 195 187 208 Memo: technical coop. grants 1 13 46 59 65 72 89 120 110 ill official net resource flows 149 313 491 343 242 215 308 235 183 188 private net resource flows 128 105 204 680 -384 -146 562 414 133 230 NET TRANSFERS 268 163 538 751 -400 -205 623 413 66 204 Interest on long-term debt 10 52 156 162 143 144 ill 97 100 54 Profit remittances onFDI 0 204 0 110 115 130 136 139 150 160 Memo: official net transfers 149 306 450 291 183 158 245 178 130 142 private net transfers 118 -143 88 460 -583 -362 378 234 -64 63 3. MAJOR ECONOMIIC AGGREGATES Gross national product (GNP) 626 2,488 3,098 3,905 4,743 5,110( 4,692 4,S65 4,457 3,5uO Exports of goods & services (XGS) .. 1,089 1,487 2,337 2,943 2,909 3,014 2,994 2,592 2,112 of which workers remittances ..0 0 0 0 0 0 0 0 Imports of goods & services (MGS) .. 1,561 1,719 2,434 2,339 2,356 2,415 2,753 2,752 2,152 Intemnational reserves (RES) .. 458 427 260 166 120 267 607 381 211 Current account balance .. -289 -76 95 646 569 674 313 -99 47 4. DEBT INDICATORS EDT /XGS(% . 66.1 174.4 162.2 111.1 96.0 zs3.1 i 3.7 99.9 i.27.5 EDT /GNP(% . 28.9 83.7 97.0 68.9 54.8 53.4 51.5 58.1 76.9 TDS / XGS (% . 13.8 37.2 28.4 29.0 30.9 20.8 16.4 20.5 8.6 INT / XGS (% . 6.6 10.9 7.8 5.7 5.4 3.9 3.4 4.1 3.0 INT /GNP(% . 2.9 5.2 4.7 3.6 3.1 2.5 2.1 2.4 1.8 RES / EDT (% . 63.7 16.5 6.9 5.1 4.3 10.6 24.2 14.7 7.8 RES /MGS (months) . 3.5 3.0 1.3 0.9 0.6 1.3 2.7 1.7 1.2 Short-term /EDT (%) .. 8.9 2.8 10.9 8.1 3.6 3.1 1.4 6.0 5.8 Concessional /EDT(% . 11.9 21.5 17.1 22.3 28.5 31.9 32.8 29.8 31.9 Multilateral /EDT (%) .. 21.2 29.5 22.2 26.0 32.9 37.4 34.3 31.0 32.0 435 PAPUA NEW GUINEA (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 59. LONG- I .RMI DEB I' DEBT OUTSTANDING (LDOD) 209 624 2,461 3,318 2,960 2,678 2,379 2,422 2,388 2,490 Public and publicly guaranteed 36 486 1,523 1,592 1,616 1,732 1,668 1,544 1,338 1,410 Official creditors 4 184 1,074 1,232 1,305 1,398 1,441 1,378 1,238 1,327 Multilateral 2 152 764 842 851 919 938 860 802 861 Concessional 1 79 359 392 398 438 449 426 395 421 Bilateral 2 32 310 390 454 479 503 519 436 466 Concessional 0 7 199 255 331 358 351 397 376 439 Private creditors 32 302 449 360 311 334 227 166 100 83 Bonds 0 85 37 32 31 30 0 0 0 0 Commercial banks 32 211 307 214 161 207 1.57 124 69 62 Other private 0 6 105 114 119 97 70 42 31 21 Private nonguaranteed 173 139 938 1,726 1,344 946 711 878 1,050 1,080 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 173 139 938 1,726 1,344 946 711 878 1,050 1,080 Memo: IBRD 1 55 235 264 266 281 299 270 270 267 IDA 1 55 115 III 109 109 108 105 101 100 DISBURSEMENTS 154 135 623 1,093 248 489 189 546 525 215 Public and publicly guaranteed 43 120 280 120 132 232 135 161 140 78 Official creditors 5 41 234 101 112 79 122 133 120 77 Multilateral 2 36 180 40 52 65 55 33 72 44 Concessional 1 20 74 15 27 40 19 7 11 10 Bilateral 4 4 55 60 59 13 67 100 47 34 Concessional 0 4 28 26 58 3 15 100 46 34 Private creditors 37 80 45 19 21 154 1 3 27 20 1 Bonds 0 0 0 0 0 0 0 0 0 0 Commrercial banks 37 75 20 6 0 154 13 27 20 1 Other private 0 5 25 14 21 0 0 0 0 0 Private nonguaranteed Ill 15 343 973 116 256 54 385 386 137 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks ill 15 343 973 116 256 54 385 386 137 Memo: IBRD 1 2 64 18 21 21 34 21 48 14 IDA 1 13 0 0 0 0 0 0 0 0 PRINCIPAL REPAYMENTS 20 72 388 481 669 710 493 390 425 115 Public and publicly guaranteed 0 32 184 121 172 251 204 175 207 115 Official creditors 0 6 48 65 86 97 82 94 123 97 Multilateral 0 3 35 47 64 67 47 51 47 48 Concessional 0 1 15 17 30 31 7 7 7 7 Bilateral 0 3 13 18 22 31 35 42 76 49 Concessional 0 1 2 2 5 12 14 12 23 16 Private creditors 0 25 136 56 86 154 122 82 84 18 Bonds 0 8 0 4 5 5 32 0 0 0 Commercial banks 0 17 129 37 62 123 63 64 74 8 Other private 0 1 7 1 5 19 26 27 18 10 10 Private nonguaranteed 20 40 204 360 497 459 289 215 217 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 20 40 204 360 497 459 289 215 217 0 Memo: IBRD 0 2 14 20 23 24 27 30 28 29 IDA 0 0 1 2 2 2 2 2 2 2 NET FLOWS ON DEBT 134 64 235 612 -421 -221 -304 156 101 100 Public and publicly guaranteed 43 89 96 -1 -40 -19 -69 -14 -68 -37 Official creditors 5 34 186 36 25 -19 40 40 -4 -20 Multilateral 2 33 145 -6 -12 -1 8 -18 25 -5 Concessional 1 20 59 -2 -3 9 12 0 5 4 Bilateral 4 1 41 43 37 -17 32 58 -29 -15 Concessional 0 4 26 24 53 -9 2 88 24 17 Private creditors 37 55 -91 -37 -65 0 -109 -54 -64 -17 Bonds 0 -8 0 -4 -5 -5 -32 0 0 0 Commnercial banks 37 58 -109 -32 -62 31 -50 -37 -54 -7 Other private 0 4 1 8 -1 2 -26 -27 -18 -10 -10 Private nonguaranteed 91 -25 139 612 -381 -203 -235 170 169 137 Bonds 0 0 0 0 0 0 0 0 0 0 Comimercial banks 91 -25 139 612 -381 -203 -235 170 169 137 Memo: IBRD 1 0 50 -2 -3 -4 7 -9 20 -15 IDA 1 13 -1 -2 -2 -2 -2 -2 -2 -2 436 ~~~~~~~~PAPUA NEW GUINEA (US$ million, unless otherwise indicated) 190 18 90 92 193 94 195 96 197 98 1970 1980 ~~1990 1992 1993 1994 19 196 997 1 9985 INTEREST PAYMENTS (LINT) 10 52 15 6 4 4 1 7 1054 Public and publicly guaranteed 1503 7 4 7 836 547 Official creditors 0 7 40 52 59 57 63 56534 Multilateral 0 6 27 37 38 38 44 37 34 32 Concessional 0 1 3 4 445444 Bilateral 0 2 13 16 20 19 19 19 20 15 Concessional 0 0 5 8 9 1 1 12 1 1 12 1 1 Private creditors 1 23 46 26 25 22 19 17 11 7 Bonds 0 7 3 3332000 Commercial baniks 1 15 36 14 12 8 9 11 7 5 Other private 0 0 8 9 10 11 8 7 4 2 Private nonguaranteed ~~8 22 70 84 59 65 29 24 37 0 Bonds 0 0 0 0000000 Commercial banks 8 22 70 84 59 65 29 24 37 0 Memo: 0 4 15 20 20 20 22 20 18 17 IDA 0 0 1 1111 11 NET TRANSFERS ON DEBT 124 12 79 450 -564 -365 -414 59 0 46 Public and publcly guaranteed41 59 10 -79 -123 -98 -151 -88 -132 -91 Official creditors 5 27 146 -16 -34 -76 -23 -16 -5-6 Multilateral ~ ~ ~~~~2 28 118 -43 -50 -40 -36 -55 -8 -36 Concissional 1 9 56 -6 -7 5 8 -4 1 -1 Bilateraloal4 -19 22 17 -36 13 39 -49 -31 Concessional 0 4 21 16 44 -20 -108 77 125 72 Private creditors 36 32 -137 -63 -90 -22 -2 7 7 2 Bonds 0 -15 -3 -7 -7 -8 -35 0 0 0 Commercial banks 36 43 -145 -46 -75 23 -59 -47 -61 -12 Other private 0 4 11 -10 -8 -37 -34 -24 -14 -12 Private nonguaranteed 83 -47 69 529 -440 -268 -264 147 132 137 Bonds 0 0 0 0000000 Commercial banks 83 47 69 529 -440 -268 -264 147 132 137 Memo: 1 -4 35 -22 -23 -24 -15 -29 1 -32 IDA 1 12 -2 -2 -3 -3 -3 -3-33 DEBT SERVICE (LTDS) 30 123 544 642 812 854 604 487 525 169 Public and publcly guaranteed1 61 270 199 256 330 286 249 271 169 Officiald creditors gurned0 14 88 117 145 154 145 150 177 144 Mufcilcrlatoral 0 9 62 84 103 105 91 88 81 80 Concessional 0 2 18 21 34 35 11 11 10 11 Bilateralnal0 5 26 33 43 50 54 61 96 64 Concessional 0 1 7 10 14 23 26 2 42 Privatecreditors ~ ~ ~~~1 48 182 82 11 176 141 99 95 25 Bonds 0 15 3 7 7 8 35 0 00 Commercial banks 1 32 165 52 75 131 72 75 81 12 Other private 0 1 15 23 29 37 34 24 14 12 private nonguaranteed 29 62 274 444 556 524 318 239 254 0 Bonds 0 0 0 0000000 Commercial banks 29 62 274 444 556 524 318 239 254 0 IBemo 0 6 28 40 44 45 49 50 47 45 IDA 0 0 2 2333333 UNDISBURSED DEBT 41 181 527 646 701 670 687 518 367 265 Official creditors ~~~~41 151 476 617 636 595 625 489 361 260 Private creditors 0 30 51 29 65 75 62 29 Conessornaum items 1 86 558 647 729 796 800 822 771 860 Varesiab alert LDOD 173 271 1,339 2,075 1,661 1,399 1,139 1,214 1,308 1,366 Puriblc raer LDOD 36 463 1,501 1,579 1,607 1,725 1,667 1,517 1,308 1,371 priv3te sector LDOD 173 162 960 1,739 1,354 952 71757664 6. CUiRRENCY CoNIPOSITION OF LONG-TER-M DEBT (PERCENT) Deutsche mark 0.0 5.2 1.8 1.7 1.5 i.6 1.b 1k6 1.51. French franc 0.0 0.0 0.2 0.2 0.1 0.1 0.1 0.1 0.1 0.1 Japanese yen 0.0 4.4 20.4 25.8 30.0 24.8 21.3 23.5 25.3 27.8 Pound sterling 0.0 2.7 2.1 1.2 1.0 0.7 0.6 0.9 1.2 1.1 Swiss franc 0.0 5.8 1.5 1.3 0.0 0.0 0.0 0.0 0.0 0.0 U.S.dollars 2.8 35.0 27.3 22.0 19.6 20.7 19.4 18.6 18.4 17.4 Multiple currency 2.2 27.4 37.9 41.7 42.7 44.3 46.1 44.7 45.9 45.6 Special drawing rights 0.0 0.0 0.3 0.4 0.4 0.4 0.5 0.5 0.5 0.7 All other currencies 95.0 19.5 8.5 5.7 4.7 7.4 10.4 10.1 7.1 5.8 437 PAPUA NEW GUINEA (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 7. DEBT RESTRUCTUrRINGS Total amount rescheduled 0 0 0 0 0 0 0 0 Debt stock rescheduled 0 0 0 0 0 0 0 0 Principal rescheduled 0 0 0 0 0 0 0 0 Official ..0 0 0 0 0 0 0 0 Private 0 0 0 0 0 0 0 0 Interest rescheduled 0 0 0 0 0 0 0 0 Official 0 0 0 0 0 0 0 0 Private 0 0 0 0 0 0 0 0 Debt forgiven 0 0 0 0 0 9 0 0 Memo: interest forgiven ..0 0 0 0 0 0 0 0 Debt stock reduction ...0 0 0 0 0 0 0 0 of which debt buyback 0 0 0 0 0 0 0 0 8. DEBT STOCK-FLOWV RECONCILIAnlON Total change in debt stocks .. 278 1,015 -520 -476 -286 1 83 103 Net flows on debt 134 108 197 907 -584 -417 -291 115 221 99 Net change in interest ar-rears ..0 0 0 0 0 0 0 0 Interest capitalized 0 0 0 0 0 0 0 0 Debt forgiveness or reduction 0 0 0 C 0 -9 0 0 Cross-currency valuation 58 -24 53 85 -6 -62 -70 64 Residual 23 132 11 -145 10 -43 -68 -59 9. AVERAGE TERMIS OF NEW CONMM [TMEN TS ALL CREDITORS Interest (%) 6.4 11.2 6.0 2.9 4.8 7.4 5.2 1.8 5.6 6.3 Maturity (years) 21.7 17.7 16.0 28.8 19.7 5.6 10.6 28.8 27.5 15.6 Grace period (years) 8.1 4.8 4.6 9.1 4.6 1.5 4.4 8.6 6.2 3.6 Grant element (%) 25.4 1.1 22.7 57.4 31.3 6.8 23.2 59.6 32.9 20.6 Official creditors Interest (%) 5.4 5.8 5.7 2.9 5.8 6.2 5.2 1.8 5.6 6.3 Maturity (years) 20.9 29.1 17.3 28.8 23.6 18.2 10.6 28.8 27.5 15.6 Grace period (years) 5.2 6.9 4.9 9.1 6.0 4.3 4.4 8.6 6.2 3.6 Grant element (%) 30.5 34.9 24.5 57.4 31.3 22.9 23.2 59.6 32.9 20.6 Private creditors Interest (%) 7.7 15.5 7.2 0.0 3.1 7.5 0.0 0.0 0.0 0.0 Maturity (years) 22.9 8.8 9.5 0.0 12.3 4.1 0.0 0.0 0.0 0.0 Grace period (years) 12.2 3.1 3.2 0.0 2.0 1.2 0.0 0.0 0.0 0.0 Grant element (%) 18.0 -25.1 13.4 0.0 31.2 4.9 0.0 0.0 0.0 0.0 Memorandum items Comrritmnents 91 184 247 170 163 183 175 71 64 5 Official creditors 53 80 207 170 106 19 175 71 64 5 Private creditors 37 103 41 0 57 164 0 0 0 0 10. CONTRACTUAL OBLIGATIONS ON OLITSTANDING LONG-TERMI DEBT 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 TOTAL Disbursements 102 75 47 22 8 5 1 1 0 0 Principal 218 223 225 210 204 201 188 185 181 181 Interest 119 110 99 88 77 67 56 47 37 28 Offlcial creditors Disbursements 99 74 46 22 8 5 1 1 0 0 Principal 93 97 102 91 88 85 78 75 72 71 Interest 50 48 45 41 37 33 30 27 23 21 Bilateral creditors Disbursements 37 26 16 8 1 1 1 0 0 0 Principal 32 37 42 32 32 32 3 1 29 29 29 Interest 16 15 14 13 12 1 1 10 9 9 8 Multilateral creditors Disbursements 61 47 30 14 6 4 1 0 0 0 Principal 61 60 60 60 56 54 47 46 43 43 Interest 35 33 3 1 28 25 22 20 17 15 1 3 Private creditors Disbursements 3 1 1 0 0 0 0 0 0 0 Principal 125 125 123 118 116 116 110 110 110 110 Interest 69 62 54 47 40 33 27 20 14 7 Commnercial banks Disbursements 3 1 1 0 0 0 0 0 0 0 Principal 10 10 10 9 8 8 2 2 2 2 Interest 2 2 2 2 1 1 1 1 1 0 Other private Disbursements 0 0 0 0 0 0 0 0 0 0 Principal 116 116 113 109 108 108 108 108 108 108 Interest 67 59 52 45 39 32 26 1 9 1 3 7 438 PARAGUAY (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 I. SIMNIM A_RY DEBT DA rA.. TOTAL DEBT STOCKS (EDT) 955 2,104 1,632 1,596 1,984 2,240 2,162 2,053 2,305 Long-term debt (LDOD) 112 780 1,731 1,384 1,307 1,375 1,456 1,419 1,537 1,635 Public and publicly guaranteed 112 630 1,712 1,363 1,281 1,358 1,439 1,398 1,488 1,593 Private nonguaranteed 0 151 19 21 26 18 17 21 49 43 Use ofIMF credit 0 0 0 0 0 0 0 0 0 0 Short-term debt -- 174 373 248 289 608 784 743 516 669 of which interest arrears on LDOD 0 115 30 28 28 8 10 11 10 Official creditors 0 29 13 17 18 4 6 6 6 Private creditors 0 86 17 11 it 4 4 5 4 Memo: principal arrears on LDOD 2 321 100 94 76 64 56 63 68 Official creditors 0 61 25 32 17 16 13 24 30 Private creditors 1 259 75 62 59 48 43 39 38 Memo: export credits 0 501 307 213 211 194 125 131 130 TOTAL DEBT FLOWS Disbursements 14 206 77 128 100 148 216 176 335 140 Long-term debt 14 206 77 128 100 148 216 176 335 140 vIMFpurchases 0 0 0 0 0 0 0 0 0 0 Principal repayments 7 79 235 380 197 160 159 133 125 112 Long-termndebt 7 79 235 380 197 160 159 133 125 112 UIMFrepurchases 0 0 0 0 0 0 0 0 0 0 Net flows on debt 7 156 -83 -275 -55 308 253 -1 -18 182 of which short-term debt 29 75 -23 43 319 196 -44 -228 154 Interest payments (INT) .. 66 90 246 88 96 129 107 103 106 Long-term debt 4 45 77 232 80 74 87 60 66 72 IMF charges 0 0 0 0 0 0 0 0 0 0 Short-termn debt .. 22 1 3 15 9 22 42 47 37 34 Net transfers on debt 90 -173 -521 -143 212 124 -108 -121 76 Total debt service paid (TDS) 145 325 626 286 256 288 240 228 218 Long-term debt 11 124 312 612 277 234 246 193 191 184 IMF repurchases and charges 0 0 0 0 0 0 0 0 0 0 Short-term debt (interest only) .. 22 1 3 15 9 22 42 47 37 34 2.AGGREGATE NET RESOUIRCE FLOWS AND NEr TRANSFERS (LONG-TERNIl NET RESOURCE FLOWS 12 169 -75 -71 34 187 275 309 501 305 Net flow of long-term debt (ex.MF 7 127 -158 -252 -98 -12 57 43 210 28 Foreign direct investment (net) 4 32 76 137 ill 180 184 246 270 256 Portfolio equity flows 0 0 0 0 0 0 0 0 0 0 Grants (excluding technical coop.) 1 10 7 43 21 19 34 20 22 21 Memo: technical coop. grants 7 21 40 58 57 54 63 51 51 42 official net resource flows 5 48 -142 -41 -26 50 114 81 209 69 private net resource flows 7 120 67 -31 61 138 160 227 293 236 NET TRANSFERS 4 70 -174 -325 -71 83 153 207 390 183 Interest on long-term debt 4 45 77 232 80 74 87 60 66 72 Profit remittances on FDI 5 54 22 22 25 30 35 42 45 50 Memo: official net transfers 2 31 -199 -151 -84 -12 43 24 149 3 private net transfers 1 38 25 -174 14 95 109 183 241 180 3. NMAJOR ECONOMIC AGGREGATES Gross national product (GNP) 585 4,621 5,381 6,403 6,918 7,919 9,038 9,725 9,615 8,657 Exports of goods &services (XGS) 90 781 1,989 2,716 3,656 4,148 5,031 4,821 4,583 4,151 of which workers renmittances *.....58 Imports of goods &services (MGS) ill 1,399 2,215 2,702 3,511 4,235 5,467 5,193 5,112 4,416 Intemational reserves (RES) 18 783 675 573 645 1,030 1,040 882 796 784 Current account balance -16 -618 -171 87 245 -56 -364 -317 -483 -265 4. DEBT [ND~ICATORS EDT / XGS (% . 122.2 105.8 60.1 43.7 47.8 44.5 44.8 44.8 55.5 EDT /GNP(% . 20.7 39.1 25.5 23.1 25.1 24.8 22.2 21.4 26.6 TDS / XGS (% . 18.6 16.3 23.0 7.8 6.2 5.7 5.0 5.0 5.3 INT / XGS (% . 8.5 4.5 9.1 2.4 2.3 2.6 2.2 2.3 2.6 INT /GNP(% . 1.4 1.7 3.8 1.3 1.2 1.4 1.1 1.1 1.2 RES / EDT ()82.0 32.1 35.1 40.4 51.9 46.4 40.8 38.8 34.0 RES /MGS (months) 1.9 6.7 3.7 2.6 2.2 2.9 2.3 2.0 1.9 2.1 Short-term /EDT (%) .. 18.3 17.7 15.2 18.1 30.7 35.0 34.4 25.1 29.0 Concessional / EDT (% . 30.6 26.3 41.0 44.1 38.5 36.7 37.5 42.7 39.8 Multilateral /EDT (%) .. 20.2 34.8 42.5 43.0 35.8 34.7 37.7 43.1 42.6 439 PARAGUAY (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 199S 1996 1997 1998 5. LONG-TERNI DEBT DEBT OUTSTANDING (LDOD) 112 780 1,731 1,384 1,307 1,375 1,456 1,419 1,537 1,635 Public and publicly guaranteed 112 630 1,712 1,363 1,281 1,358 1,439 1,398 1,488 1,593 Official creditors 83 409 1,182 1,139 1,124 1,223 1,320 1,307 1,409 1,525 Multilateral 45 193 733 693 687 711 777 816 884 982 Concessional 35 97 229 270 295 301 332 356 385 406 Bilateral 38 216 450 446 437 513 543 491 525 544 Concessional 29 195 325 399 409 463 491 454 491 512 Private creditors 30 221 530 224 158 134 119 91 79 67 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 2 105 263 87 55 46 49 42 35 32 Other private 28 116 267 138 103 89 71 49 44 36 Private nonguaranteed 0 151 19 21 26 18 17 21 49 43 Bonds 0 0 0 0 0 0 0 0 0 0 Conmmercial banks 0 151 19 21 26 18 17 21 49 43 Memo: IBRD 6 80 279 213 185 162 154 138 143 165 IDA 18 45 41 39 38 37 36 34 33 31 DISBURSEMENTS 14 206 77 128 100 148 216 176 335 140 Public and publicly guaranteed 14 158 77 124 88 148 216 166 301 140 Official creditors 7 55 50 95 76 142 204 166 291 140 Multilateral 4 40 31 55 58 73 129 136 166 131 Concessional 2 8 7 35 33 16 41 33 48 27 Bilateral 4 15 19 40 18 70 75 30 124 9 Concessional 3 11 18 29 1 1 47 72 30 116 9 Private creditors 7 103 27 28 12 6 12 0 10 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 2 33 2 2 3 3 12 0 0 0 Other private 5 69 25 27 9 2 0 0 10 0 Private nonguaranteed. 0 48 0 5 12 0 1 10 34 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 48 0 5 12 0 1 10 34 0 Memo: IBRD 2 30 16 10 8 7 26 28 41 37 IDA 2 3 0 0 0 0 0 0 0 0 PRINCIPAL REPAYMENTS 7 79 235 380 197 160 159 133 125 112 Public and publicly guaranteed 7 44 226 376 191 152 158 127 119 106 Official creditors 3 17 199 179 123 112 124 104 104 92 Multilateral 1 4 62 68 72 76 77 67 60 59 Concessional 1 1 6 7 9 10 10 9 8 9 Bilateral 3 13 137 ill. 51 36 47 37 43 33 Concessional 1 9 21 26 25 32 39 26 36 29 Private creditors 4 27 27 197 68 41 34 23 16 14 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 17 10 90 32 15 10 5 6 4 Other private 3 10 18 107 36 26 24 1 8 10 10 Private nonguaranteed 0 36 9 4 6 8 1 6 6 6 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 36 9 4 6 8 1 6 6 6 Memo: IBRD 0 2 40 42 42 43 41 34 26 23 IDA 0 0 1 1 1 1 1 1 2 2 NET FLOWS ON DEBT 7 127 -158 -252 -98 -12 57 43 210 28 Public and publicly guaranteed 7 114 -149 -252 -103 .4 58 38 182 34 Official creditors 4 38 -149 -84 -47 31 81 61 187 48 Multilateral 3 36 -31 -13 -14 -3 52 69 106 72 Concessional 2 6 1 28 25 6 31 24 39 18 Bilateral 1 2 -118 -72 -33 34 28 -8 81 -24 Concessional 2 2 -3 2 -14 15 32 4 80 -19 Private creditors 3 76 0 -168 -56 -35 -23 -23 -5 -14 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 2 16 -7 -88 -28 -11 2 -5 -6 -4 Other private 2 60 8 -80 -28 -24 -24 -18 0 -10 Private nonguaranteed 0 13 -9 1 6 -7 -1 4 28 -6 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 13 -9 1 6 -7 -1 4 28 -6 Memo: ]IBRD 1 29 -24 -32 -34 -36 -16 -6 15 15 IDA 2 3 -1 -1 -1 -1 -1 -1 -2 .-2 440 PARAGUAY (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 INTEREST PAYMENTS (LINT) 4 45 77 232 80 74 87 60 66 '72 Public and publicly guaranteed 4 35 77 231 79 74 87 60 63 70 Official creditors 3 17 57 110 58 62 71 57 60 66 Multilateral I 10 47 42 41 42 41 38 40 47 Concessional 1 1 4 5 5 6 6 7 6 8 Bilateral 1 7 11 68 17 20 30 19 19 19 Concessional 1 5 10 17 15 18 22 16 17 17 Private creditors 1 18 20 121 21 12 16 3 3 4 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 12 2 66 9 3 2 1 2 2 Other private 1 7 18 56 1 3 10 14 2 1 2 Private nonguaranteed 0 9 0 0 1 0 0 0 3 3 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 9 0 0 1 0 0 0 3 3 Memo: IBRD 0 6 25 21 19 16 15 11 10 1 1 IDA 0 0 0 0 0 0 0 0 0 0 NET TRANSFERS ON DEBT 4 82 -235 -483 -178 -86 -30 -17 144 -44 Public and publicly guaranteed 4 79 -226 -484 -183 -78 -29 -21 119 -35 Official creditors 1 22 -206 -194 -105 -31 9 4 127 -18 Multilateral 2 26 -78 -55 -55 -45 11 31 66 25 Concessional 1 5 -3 23 19 0 24 18 33 9 Bilateral 0 -5 -128 -140 -50 14 -2 -26 62 -43 Concessional 2 -4 -13 -15 -29 -3 1 1 -12 63 -37 Private creditors 3 57 -20 -290 -77 -47 -39 -26 -9 -17 Bonds 0 0 0 0 0 0 0 0 0 0 Conunercial banks 2 4 -10 -154 -37 -14 0 -6 -8 -6 Other private 1 53 -10 -136 -40 -33 -39 -20 -1 -12 Private nonguaranteed 0 4 -9 0 5 -7 -1 4 25 -9 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 4 -9 0 5 -7 -1 4 25 -9 Memo: IBRD 1 23 -49 -52 -53 -52 -30 -18 5 4 IDA 2 2 -1 -1 -1 -1 -2 -2 -2 -2 DEBT SERVICE (LTDS) 11 124 312 612 277 234 246 193 191 184 Public and publicly guaranteed 11 79 303 607 270 226 245 187 182 175 Official creditors 6 34 256 289 181 173 195 161 163 158 Multilateral 2 14 109 110 113 117 118 105 101 106 Concessional 1 3 9 12 14 16 17 16 15 18 Bilateral 4 20 147 179 68 56 77 56 63 52 Concessional 2 15 30 43 40 50 61 41 53 46 Private creditors 5 45 47 318 89 53 50 26 1 9 17 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 29 12 156 40 17 11 6 8 6 Other private 4 16 35 163 49 36 39 20 11 12 Private nonguaranteed 0 45 9 4 7 8 1 6 9 9 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 45 9 4 7 8 1 6 9 9 Memo: IBRD 1 7 65 62 61 59 56 45 36 33 IDA 0 1 1 1 1 1 2 2 2 2 UNDISBURSED DEBT 47 567 563 726 815 1,029 1,169 1,040 969 902 Official creditors 41 423 455 711 809 1,029 1,168 1,040 969 902. Private creditors 5 145 107 1 5 6 1 1 1 1 0 Memoranduim items Concessional LDOD 64 292 553 669 703 764 823 810 876 918 Variable rate LDOD 0 213 287 142 125 123 150 182 299 370 Public sector LDOD 110 628 1,712 1,363 1,281 1,358 1,439 1,398 1,488 1,593 Private sector LDOD 2 152 19 21 26 18 17 21 49 43 6. CLfRRENC1 CONIPOSUFrON OF LONG-TERMN DEBT IPERCENTi Deutsche mark 11.4 9.4 11.5 10.8 10.0 10.1 9.1 6.6 5.9 5.5 French franc 0.0 0.3 10.5 6.4 4.5 3.6 2.8 2.5 1.8 1.6 Japanese yen 0.0 5.0 15.6 19.2 20.9 23.9 22.9 21.7 20.6 20.6 Pound sterling 0.3 0.6 2.0 0.5 0.4 0.3 0.3 0.3 0.2 0.2 Swiss franc 0.0 0.1 0.3 0.1 0.1 0.1 0.1 0.1 0.1 0.1 U.S.dollars 66.4 56.2 17.2 18.0 19.8 22.1 28.2 34.3 41.7 44.2 Multiple currency 19.7 22.9 37.9 42.7 43.2 38.8 35.0 32.2 27.8 26.2 Special drawing rights 0.0 0.0 0.8 0.8 0.8 0.8 0.7 1.4 1.2 1.1 All other currencies 2.2 5.5 4.2 1.5 0.3 0.3 0.9 0.9 0.7 0.5 441 PARAGUAY (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 7. DEBT RESTRUC(TrRINGS Total amount rescheduled 0 0 0 0 0 0 0 0 Debt stock rescheduled 0 0 0 0 0 0 0 0 Principal rescheduled 0 0 0 0 0 0 0 0 Official 0 0 0 0 0 0 0 0 Private ..0 0 0 0 0 0 0 0 Interest rescheduled 0 0 0 0 0 0 0 0 Official 0 0 0 0 0 0 0 0 Private 0 0 0 0 0 0 0 0 Debt forgiven ..16 28 2 0 0 0 0 0 Memo: interest forgiven 0 0 0 0 0 0 0 0 Debt stock reduction 436 2 0 0 0 0 0 0 of which debt buyback ill11 0 0 0 0 0 0 0 8. DEBTr STOCK-FLOW RECONCILLIAnON Total change in debt stocks -278 -433 -36 388 256 -78 -109 252 Net flows on debt 7 156 -83 -275 -55 308 253 -1 -18 182 Net change in interest arrears ... 38 -90 -2 0 -21 3 1 -1 Interest capitalized ...0 0 0 0 0 0 0 0 Debt forgiveness or reduction ... -340 -30 -2 0 0 0 0 0 Cross-currency valuation ... 676 -36 11 60 -2 -67 -67 53 Residual ... -567 -2 11 20 26 -13 -25 18 9. .WERAGE TERMIS OF NEW COMIMITMIENTS ALL CREDITORS Interest (%) 5.7 7.0 3.5 7.3 4.9 5.1 5.6 7.4 7.1 7.5 Maturity (years) 24.9 24.2 34.4 21.9 27.1 21.6 19.0 9.1 14.9 25.6 Grace period (years) 5.5 6.6 10.1 5.6 6.9 7.1 5.5 3.9 4.4 2.4 Grant element (%) 33.1 25.2 53.9 18.6 38.2 34.8 28.1 10.8 15.6 15.2 Official creditors Interest (%) 4.9 5.4 3.5 7.3 4.8 5.1 5.5 7.4 7.1 7.5 Maturity (years) 28.5 27.9 34.4 22.1 27.4 21.6 19.3 9.1 15.3 25.6 Grace period (years) 6.3 7.2 10.1 5.7 6.9 7.1 5.6 3.9 4.5 2.4 Grant element (%) 39.0 36.9 53.9 18.8 38.9 34.8 28.8 10.8 16.0 15.2 Private creditors Interest (%) 10.1 13.0 0.0 9.8 8.3 0.0 7.9 0.0 7.1 0.0 Maturity (years) 5.3 10.5 0.0 3.7 8.1 0.0 9.8 0.0 6.0 0.0 Grace period (years) 1.4 4.6 0.0 0.7 3.1 0.0 2.2 0.0 0.5 0.0 Grant element (%) -0.2 -18.2 0.0 0.4 6.3 0.0 7.8 0.0 7.0 0.0 Memorandum items Commiitments 14 99 117 483 175 338 364 74 252 61 Official creditors 12 78 117 478 171 338 352 74 242 61 Private creditors 2 21 0 5 3 0 12 0 10 0 10. CONTR.-CTIJAL OBLIGATIONS ON OUrTSTAN-DING LONG-TERNM DEBT 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 TOTAL Disbursements 307 247 153 84 51 26 14 8 5 4 Principal 154 199 219 163 157 153 148 152 125 118 Interest 93 98 94 90 84 77 69 61 53 46 Official creditors Disbursements 307 247 153 84 5 1 26 14 8 5 4 Principal 139 187 207 153 148 146 141 152 125 118 Interest 89 95 92 88 82 76 69 61 53 46 Bilateral creditors Disbursements 60 38 23 13 7 3 2 0 0 0 Principal 42 50 50 46 43 44 44 37 37 30 Interest 21 20 19 17 15 14 12 1 1 9 8 Multilateral creditors Disbursements 247 209 130 71 44 23 13 8 5 4 Principal 97 138 157 107 105 101 97 115 88 88 Interest 69 75 73 7 1 67 62 56 5 1 44 38 Private creditors Disbursements 0 0 0 0 0 0 0 0 0 0 Principal 15 12 12 10 10 8 7 0 0 0 Interest 4 3 2 2 1 1 0 0 0 0 Commercial banks Disbursements 0 0 0 0 0 0 0 0 0 0 Principal 2 2 2 1 1 1 1 0 0 0 Interest 1 1 1 0 0 0 0 0 0 0 Other private Disbursements 0 0 0 0 0 0 0 0 0 0 Principal 14 1 0 10 9 8 6 6 0 0 0 Interest 3 2 2 2 1 1 0 0 0 0 442 PERU (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 1. SLiNIMARY DEBT DATA TOTAIL DEBT STOCKS (EDT) 9,386 20,067 20,338 23,573 26,528 30,852 29,328 30,523 32,397 Long-term debt (LDOD) 2,655 6,828 13,963 15,808 16,949 18,854 20,215 21,945 22,680 24,094 Public and publicly guaranteed 856 6,218 13,633 15,580 16,385 17,681 18,927 20,567 20,204 20,803 Private nonguaranteed 1,799 610 330 228 564 1,173 1,288 1,378 2,476 3,290 Use of IMF credit 10 474 755 631 883 938 955 924 1,011 905 Short-term debt 2,084 5,350 3,899 5,742 6,736 9,681 6,459 6,832 7,399 of whiich interest arrears on LDOD 0 3,733 1,793 4,090 4,450 4,606 221 178 181 Officialicreditors 0 1,386 481 252 210 211 138 129 130 Private creditors 0 2,347 1,313 3,838 4,239 4,395 83 49 50 Memo: principal arrears on LDOD 0 8,345 4,739 4,088 4,148 4,166 862 735 741 Official creditors ..0 3,215 1,675 1,023 1,017 1,018 699 652 652 Private creditors 0 5,130 3,064 3,065 3,131 3,147 163 84 90 Memo: export credits 0 4,632 6,656 6,464 6,428 5,775 5,183 4,470 4,563 TOTAL DEBT FLOWS Disbursements 405 1,452 291 699 2,723 1,223 880 785 3,016 1,433 Long-termn debt 387 1,308 291 699 1,826 1,223 880 785 2,795 1,433 lIMEpurchases 18 145 0 0 897 0 0 0 221 0 Principal repaymnents 360 1,187 229 539 1,620 601 520 1,227 1,495 897 Long-termn debt 333 1,019 166 491 980 601 520 1,227 1,421 752 MEAFrepurchases 27 168 63 49 641 0 0 0 74 145 Net flows on debt 591 775 128 347 649 1,256 3,149 722 1,937 1,100 of which short-tenrmdebt 510 66 187 -454 634 2,789 1,164 416 564 Interest paymnents (INT) -. 964 247 465 1,138 542 721 1,705 1,405 1,556 Long-term debt 162 670 9 1 313 779 393 485 1,308 971 1,108 IMEcharges 0 35 74 51 266 47 52 41 47 45 Short-term debt 259 82 101 94 102 184 356 387 403 Net transfers on debt -- -189 -119 -118 -490 715 2,429 -983 532 -456 Total debt service paid (TDS) .. 2,151 476 1,004 2,758 1,143 1,240 2,932 2,900 2,454 Long-term debt 495 1,689 257 803 1,758 993 1,004 2,535 2,392 1,860 IMFrepurchases and charges 27 202 137 100 906 47 52 41 121 191 Short-term debt (interest only) 259 82 101 94 102 184 356 387 403 2. AGGREGATE NET RESOUJRCE FLOWS AND NET TRANSFERS (LONG-TERN i NET RESOURCE FLOWS 2 347 346 583 2,977 4,908 4,243 5,762 4,075 3,024 Net flow of long-term debt (ex. lIME 54 289 125 209 846 622 360 -442 1,374 681 Foreign direct investment (net) -70 27 41 136 670 3,084 2,000 3,226 1,785 1,930 Portfolio equity flows 0 0 0 0 1,226 977 1,611 2,740 692 174 Grants (excluding technical coop.) 18 31 180 238 236 226 271 238 224 239 Memo: technical coop. grants 13 64 128 113 119 99 126 125 142 175 official net resource flows 54 414 287 544 903 388 588 263 1,226 300 private net resource flows -52 -67 59 39 2,074 4,521 3,655 5,500 2,849 2,724 NET TRANSFERS -233 -580 245 214 2,138 4,436 3,659 4,205 2,855 1,636 Interest on long-term debt 162 670 91 313 779 393 485 1,308 971 1,108 Profit remittances on FDI 73 256 10 56 61 80 99 250 250 280 Memo: official net transfers 37 262 236 285 172 42 193 -180 749 -452 private net transfers -270 -842 8 -72 1,965 4,394 3,466 4,385 2,105 2,088 3. NAJOR ECONOrvIC AGGREGATES Gross national product (GNP) 7,119 19,700 31,822 40,795 39,609 48,417 57,051 59,364 62,472 61,261 Exports of goods &services (XGS) .. 4,832 4,437 4,945 4,839 6,380 7,710 8,331 9,514 8,668 of which workers remiittances ..0 122 244 276 375 408 404 416 400 Imports of goods & services (MGS) .. 5,080 6,014 7,249 7,359 9,304 12,236 12,235 13,052 12,758 Intemnational reserves (RES) 339 2,804 1,891 3,456 3,918 7,420 8,653 10,990 11,306 9,882 Current account balance .. -101 -1,384 -2,101 -2,302 -2,662 -4,314 -3,618 -3,273 -3,794 4. DEBT INDICATORS EDT /XGS (%) .. 194.2 452.3 411.2 487.2 415.8 400.1 352.0 320.8 373.8 EDT /GNP (%) .. 47.7 63.1 49.9 59.5 54.8 54.1 49.4 48.9 52.9 TDS / XGS (%) .. 44.5 10.7 20.3 57.0 17.9 16.1 35.2 30.5 28.3 INT /XGS (% . 20.0 5.6 9.4 23.5 8.5 9.4 20.5 14.8 18.0 INT /GNP(% . 4.9 0.8 1.1 2.9 1.1 1.3 2.9 2.3 2.5 RES /EDT(% . 29.9 9.4 17.0 16.6 28.0 28.1 37.5 37.0 30.5 RES / MGS (months) .. 6.6 3.8 5.7 6.4 9.6 8.5 10.8 10.4 9.3 Short-term /EDT (%) .. 22.2 26.7 19.2 24.4 25.4 31.4 22.0 22.4 22.8 Concessional / EDT (%) .. 14.4 9.2 19.7 19.4 19.6 18.1 19.3 17.7 12.0 Multilateral /EDT (%) .. 5.5 11.0 10.2 11.6 12.0 12.1 12.2 13.9 14.3 443 PERU (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 5. LONG-TERMI DEBT DEBT OUTSTANDING (LDOD) 2,655 6,828 13,963 15,808 16,949 18,854 20,215 21,945 22,680 24,094 Public and publicly guaranteed 856 6,218 13,633 15,580 16,385 17,681 18,927 20,567 20,204 20,803 Official creditors 373 3,123 6,593 11,544 12,496 13,911 15,224 15,028 15,490 16,135 Multilateral 148 514 2,199 2,081 2,742 3,186 3,717 3,583 4,244 4,647 Concessional 0 36 185 155 164 158 142 139 124 112 Bilateral 225 2,610 4,394 9,464 9,754 10,725 11,507 11,445 11,246 11,487 Concessional 112 1,318 1,653 3,848 4,417 5,047 5,455 5,513 5,278 3,768 Private creditors 483 3,095 7,040 4,036 3,889 3,770 3,703 5,539 4,714 4,669 Bonds 22 2 1 0 0 0 0 4,873 4,130 4,130 Commrercial banks 148 1,694 3,159 3,120 3,075 3,056 3,040 122 98 74 Other private 314 1,399 3,881 915 814 714 663 544 486 464 Private nonguaranteed 1,799 610 330 228 564 1,173 1,288 1,378 2,476 3,290 Bonds 0 0 0 0 0 60 60 60 0 150 Commercial banks 1,799 610 330 228 564 1,113 1,228 1,318 2,476 3,140 Memo: IBRD 125 359 1,188 956 1,369 1,554 1,729 1,633 1,920 2,128 IDA 0 0 0 0 0 0 0 0 0 0 DISBURSEMENTS 387 1,308 291 699 1,826 1,223 880 785 2,795 1,433 Public and publicly guaranteed 148 1,248 291 631 1,516 613 725 635 1,518 639 Official creditors 59 664 189 617 1,484 609 720 632 1,460 639 Multilateral 18 209 38 473 1,312 500 631 284 1,126 560 Concessional 0 10 10 11 20 5 3 5 3 3 Bilateral 41 455 150 144 172 109 89 348 334 79 Concessional 8 232 94 138 152 79 26 340 214 74 Private creditors 89 584 103 14 32 4 5 4 58 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 3 248 69 3 0 0 0 0 0 0 Other private 85 336 34 11 32 4 5 4 58 0 Private nonguaranteed 240 60 0 68 310 610 155 150 1,278 794 Bonds 0 0 0 0 0 60 0 0 0 0 Cormmercial banks 240 60 0 68 310 550 155 150 1,278 794 Memo: IBRD 10 140 0 0 975 171 203 108 490 271 IDA 0 0 0 0 0 0 0 0 0 0 PRINCIPAL REPAYMENTS 333 1,019 166 491 980 601 520 1,227 1,421 752 Public and publicly guaranteed 100 959 112 433 933 560 480 1,167 1,241 623 Official creditors 23 281 81 311 816 447 404 607 459 578 Multilateral 11 24 24 214 662 195 201 194 231 228 Concessional 0 0 3 19 11 13 22 16 16 16 Bilateral 12 257 57 97 154 252 202 413 228 350 Concessional 3 48 6 1 5 18 132 56 42 70 95 Private creditors 77 678 31 122 117 113 76 560 783 45 Bonds 7 0 0 1 0 0 0 0 742 0 Commnercial banks 25 445 9 44 37 37 28 540 24 24 Other private 46 233 22 76 80 76 48 20 16 22 Private nonguaranteed 233 60 54 58 47 41 40 60 180 129 Bonds 0 0 0 0 0 0 0 0 60 0 Comimercial banks 233 60 54 58 47 41 40 60 120 129 Memo: IBRD 8 15 0 94 574 80 86 79 65 64 IDA 0 0 0 0 0 0 0 0 0 0 NET FLOWS ON DEBT 54 289 125 209 846 622 360 -442 1,374 681 Public and publicly guaranteed 48 289 179 199 583 53 245 -532 276 16 Official creditors 36 383 107 306 668 162 316 25 1,001 61 Multilateral 7 185 14 259 650 305 429 90 895 332 Concessional 0 10 7 -8 9 -8 -18 -11 -13 -13 Bilateral 29 198 94 47 18 -143 -113 -65 106 -271 Concessional 5 184 89 123 134 -54 -29 298 144 -21 Private creditors 11 -94 72 -107 -85 -109 -71 -556 -725 -45 Bonds -7 0 0 -1 0 0 0 0 -742 0 Commnercial banks -22 -197 60 -41 -37 -37 -28 -540 -24 -24 Other private 40 103 12 -65 -48 -72 -43 -16 41 -21 Private nonguaranteed 7 0 -54 10 263 569 115 90 1,098 665 Bonds 0 0 0 0 0 60 0 0 -60 0 Commercial banks 7 0 -54 10 263 509 115 90 1,158 665 Memo: IBRD 2 125 0 -94 401 91 116 29 425 207 IDA 0 0 0 0 0 0 0 0 0 0 444 PERU (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 INTEREST PAYMENTS (LINT) 162 670 91 313 779 393 485 1,308 971 1,108 Public and publicly guaranteed 43 547 66 299 763 370 413 1,218 810 926 Official creditors 17 152 51 258 731 346 394 443 477 751 Multilateral 8 33 27 189 574 212 245 252 271 286 Concessional 0 1 3 4 4 6 7 5 4 4 Bilateral 9 118 24 69 157 134 150 191 206 466 Concessional 3 27 7 28 57 95 74 71 76 164 Private creditors 26 395 16 41 32 25 19 776 333 175 Bonds 1 0 0 0 0 0 0 0 318 159 Commercial banks 12 273 8 17 15 13 10 771 10 9 Other private 1 3 122 7 23 17 12 9 5 5 7 Private nonguaranteed 119 124 25 14 16 22 71 89 161 182 Bonds 0 0 0 0 0 1 6 6 4 0 Commercial banks 119 124 25 14 16 21 65 83 157 182 Memo: IBRD 7 24 0 100 483 109 118 116 117 120 IDA 0 0 0 0 0 0 0 0 0 0 NET TRANSFERS ON DEBT -108 -382 34 -104 67 230 -124 -1,749 403 -427 Public and publicly guaranteed 4 -258 113 -101 .180 -317 -168 -1,750 -534 -910 Official creditors 20 231 56 48 -63 -184 -78 -418 525 -691 Multilateral -l 152 -13 70 76 93 185 -162 624 47 Concessional 0 9 4 -13 5 -13 -25 -16 -17 -17 Bilateral 21 80 70 -22 .139 -277 -263 -256 -100 -737 Concessional 3 157 8 1 95 77 -148 -103 227 69 -185 Private creditors -15 -490 56 -148 -117 -133 -90 -1,332 -1.058 -220 Bonds -8 -l 0 -1 0 0 0 0 -1,060 -159 Commercial banks -34 -470 52 -59 -52 -50 -38 -1,311 -34 -32 Other private 27 -19 5 -88 -65 -84 -52 -21 37 -28 Private nonguaranteed -112 -124 -79 -4 247 547 44 1 937 483 Bonds 0 0 0 0 0 59 -6 -6 -64 0 Commercial banks -112 -124 -79 -4 247 488 50 7 1,001 483 Memo: IBRD -5 101 0 -194 -82 -18 -2 -87 308 87 IDA 0 0 0 0 0 0 0 0 0 0 DEBT SERVICE (LTDS) 495 1,689 257 803 1,758 993 1,004 2,535 2,392 1,860 Public and publicly guaranteed 144 1,506 178 732 1,695 930 893 2,385 2,051 1,549 Official creditors 40 433 132 569 1,547 793 798 1,050 935 1,329 Multilateral 19 58 51 403 1,236 406 446 446 502 513 Concessional 0 1 6 23 15 18 28 21 20 20 Bilateral 21 375 81 166 311 387 352 604 434 816 Concessional 5 75 13 43 75 227 129 112 145 258 Pirivate creditors 104 1,073 46 162 149 137 95 1,336 1,116 220 Bonds 8 1 0 1 0 0 0 0 1,060 159 Conmmercial banks 37 718 17 62 52 50 38 1,311 34 32 Other private 59 355 29 100 97 88 57 25 21 29 Private nonguaranteed 352 184 79 72 63 63 III 149 341 311 Bonds 0 0 0 0 0 1 6 6 64 0 Commnercial banks 352 184 79 72 63 62 105 143 277 311 Memo: IBRD 15 39 0 194 1,057 189 205 195 182 184 IDA 0 0 0 0 0 0 0 0 0 0 UNDISBURSED DEBT 238 2,397 1,511 2,084 1,136 1,611 1,738 2,960 2,447 1,877 Official creditors 166 1,126 865 2,057 1.129 1,592 1,726 2,952 2,447 1,877 Private creditors 72 1,272 646 27 7 18 12 8 1 0 Memorandum items Concessional LDOD 112 1,353 1,838 4,003 4,580 5,205 5,597 5,652 5,402 3,880 Variable rate LDOD 1,799 2,130 4,626 7,079 8,115 9,220 9,970 11,902 13,024 11,947 Public sector LDOD 840 6,200 13,587 15,573 16,379 17,675 18,921 20,567 20,204 19,405 Private sector LDOD 1,816 628 376 235 570 1,179 1,294 1,378 2,476 4,689 6. CUFRRENCI'CONMPOSmrON OiF LONG-TERNM DEBT iPERCENT) Deutsche mark 13.9 6.6 5.0 4.5 4.1 4.4 4.4 3.5 3.2 2.1 French franc 1.1 4.2 9.3 9.4 8.6 9.1 9.7 8.6 7.7 2.9 Japanese yen 0.0 10.9 6.3 10.4 12.7 14.3 14. 12.4 12.1 10.8 Pound sterling 0.9 2.0 0.9 1.1 1.1 1.2 1.2 1.2 1.3 0.6 Swiss franc 0.1 1.4 1.5 1.3 1.2 1.2 1.2 0.8 0.8 0.8 U.S.dollars 59.0 44.1 48.0 47.2 46.1 43.6 41.9 50.0 52.6 72.0 Multiple currency 17.0 7.5 15.2 10.0 12.1 12.6 13.3 11.8 11.5 4.9 Special drawing rights 0.0 0.0 0.0 0.0 0.0 0.1 0.1 0.1 0.1 0.1 All other currencies 8.0 23.3 13.8 16.1 14.1 13.5 13.6 11.6 10.7 5.8 445 PERU (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 7. DEBT RESTRL'CTUIRINGS Total amount rescheduled ..0 1,584 632 712 919 5,832 806 4,687 Debt stock rescheduled ..0 0 0 0 0 2,489 0 4,415 Principal rescheduled ..0 1,093 230 277 304 430 329 30 Official 0 148 179 230 284 339 235 27 Private 0 945 5 1 48 20 91 94 3 Interest rescheduled 0 490 401 419 516 2,813 477 243 Official 0 7 1 387 410 511 498 393 242 Private 0 419 14 1 0 4 2,316 84 1 Debt forgiven ..0 48 0 0 0 32 3 116 Memo: interest forgiven ..0 24 0 0 0 758 1 1 Debt stock reduction 0 0 0 0 0 2,150 0 0 of which debt buyback 0 0 0 0 0 944 0 0 8. DEBT STOCK-FLOW RECONC[LL4nION Total change in debt stocks 1,486 -379 3,235 2,955 4,324 -1,523 1,194 1,875 Net flows on debt 591 775 128 347 649 1,256 3,149 722 1,937 1,100 Net change in interest arrears 460 -638 2,297 360 156 -4,385 -43 3 Interest capitalized 0 490 401 419 516 2,813 477 243 Debt forgiveness or reduction 0 -48 0 0 0 -1,238 -3 -116 Cross-currency valuation ... 699 -484 -257 833 355 -699 -921 392 Residual ... 199 -45 147 86 147 1,264 -252 253 9. AV'ERAGE TERMS OF NEWV COMM%ITMENTS ALL CREDITORS Interest (%) 7.4 9.4 6.7 7.2 6.5 6.9 6.2 4.8 5.8 6.9 Maturity (years) 13.3 12.3 8.5 20.2 21.0 18.4 17.4 23.0 19.6 20.4 Grace period (years) 4.3 3.5 2.1 5.6 5.1 4.5 4.6 6.3 5.4 4.5 Grant element (%) 11.8 5.5 13.1 17.8 21.9 18.7 23.3 37.3 27.8 19.0 Official creditors Interest (%) 7.2 7.5 7.1 7.2 6.5 6.9 6.2 4.8 5.8 6.9 Maturity (years) 13.8 15.3 9.1 20.2 21.3 18.5 17.4 23.0 20.2 20.4 Grace period (years) 4.5 4.3 2.4 5.6 5.2 4.5 4.6 6.3 5.5 4.5 Grant element (%) 12.6 18.7 14.0 17.8 22.2 18.8 23.3 37.3 28.5 19.0 Private creditors Interest (%) 8.7 10.7 5.5 0.0 7.5 7.7 0.0 0.0 6.0 0.0 Maturity (years) 9.2 10.3 6.7 0.0 6.5 7.3 0.0 0.0 4.0 0.0 Grace period (years) 2.0 3.0 1.3 0.0 2.0 2.3 0.0 0.0 1.0 0.0 Grant element (%) 4.8 -3.2 10.5 0.0 7.6 7.5 0.0 0.0 8.0 0.0 Memorandum items Commritmnents 125 1,614 179 1,801 714 1,081 930 1,947 1,536 70 Official creditors 112 643 137 1,801 703 1,065 930 1,947 1,486 70 Private creditors 1 3 971 43 0 1 2 16 0 0 50 0 10. CONTRACTUAL OBLIGATIONS ON OUTSTANDING LONG-TERM DEBT TOTAL Disbursements 566 495 337 212 130 68 43 17 6 3 Principal 797 876 917 992 1,167 1,257 1,319 1,389 1,487 1,682 Interest 1,378 1,363 1,326 1,305 1,255 1,195 1,124 1,048 1,008 958 Official creditors Disbursements 566 495 337 212 130 68 43 17 6 3 Principal 564 663 714 755 897 949 977 1,046 1,110 1,155 Interest 1,010 1,000 973 937 893 840 782 721 657 587 Bilateral creditors Disbursements 183 190 125 79 44 20 10 0 0 0 Principal 226 292 338 350 492 536 586 674 752 798 Interest 655 647 633 616 595 568 537 503 464 420 Multilateral creditors Disbursements 383 306 212 133 86 48 32 17 6 3 Principal 338 370 376 405 405 413 391 372 358 357 Interest 356 353 340 321 298 272 245 218 192 167 Private creditors Disbursements 0 0 0 0 0 0 0 0 0 0 Principal 233 213 203 237 270 309 343 343 377 527 Interest 368 363 353 367 362 355 342 327 351 372 Commercial banks Disbursements 0 0 0 0 0 0 0 0 0 0 Principal 22 1 1 0 2 2 2 2 2 2 2 Interest 7 5 5 5 4 4 4 4 3 3 Other private Disbursements 0 0 0 0 0 0 0 0 0 0 Principal 211 203 203 235 268 307 341 341 375 525 Interest 361 358 349 363 358 351 338 323 348 368 446 PHILIPPINES (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 I. SUAINMARV DEBT DATA TOTAL DEBT STOCKS (EDT) 17,417 30,580 33,005 35,936 39,412 37,829 40,145 45,682 47,817 Long-term debt (LDOD) 1,544 8,817 25,241 26,649 29,691 32,632 31,823 31,770 33,033 39,064 Public and publicly guaranteed 625 6,363 24,040 25,618 27,482 29,687 28,292 26,868 26,199 28,189 Private nonguaranteed 919 2,454 1,201 1,030 2,210 2,945 3,531 4,902 6,834 10,875 Use of IMF credit 69 1,044 912 1,100 1,210 1,064 728 405 855 1,569 Short-term debt 7,556 4,427 5,256 5,035 5,716 5,279 7,969 11,794 7,185 of which interest arrears on LDOD 0 52 0 0 0 0 0 0 0 Officialicreditors 0 5 0 0 0 0 0 0 0 Private creditors 0 48 0 0 0 0 0 0 0 Memo: principal arrears on LDOD 1 182 3 0 0 0 0 0 0 Official creditors 0 13 0 0 0 0 0 0 0 Private creditors 1 169 3 0 0 0 0 0 0 Memo: export credits 0 4,366 5,948 7,660 8,412 8,309 7,734 9,149 9,712 TOTAL DEBT FLOWS Disbursements 444 2,300 2,516 2,976 4,427 3,354 2,851 5,023 6,049 3,945 Long-term debt 416 1,854 2,516 2,763 4,250 3,302 2,851 5,023 5,349 3,214 IMFpurchases 28 446 0 213 177 52 0 0 700 730 Principal repayments 262 686 1,818 2,791 2,766 2,520 3,099 3,192 2,341 2,880 Long-termn debt 260 541 1,473 2,637 2,702 2,250 2,737 2,891 2,125 2,801 Ilvirepurchases 3 145 345 155 64 270 363 301 216 79 Net flows on debt 765 3,855 1,123 614 1,440 1,515 -685 4,521 7,533 -3,544 of which short-term debt .. 2,241 425 429 -221 681 -437 2,690 3,825 -4,609 Interest payments (INT) .. 1,496 1,772 1,510 2,141 2,112 2,249 2,165 2,201 2,286 Long-term debt 44 579 1,573 1,334 1,759 1,646 1,844 1,659 1,702 1,950 IMFcharges 0 42 99 82 73 62 55 27 24 49 Short-term debt .. 875 100 94 309 403 351 478 474 287 Net transfers on debt .. 2,359 -649 -897 -701 -597 -2,935 2,356 5,332 -5,830 Total debt service paid (TDS) .. 2,183 3,590 4,302 4,907 4,632 5,349 5,357 4,541 5,166 Long-termn debt 304 1,120 3,046 3,971 4,461 3,896 4,581 4,550 3,827 4,751 MEF repurchases and charges 3 187 444 237 137 333 417 329 240 128 Short-termn debt (interest only) .. 875 100 94 309 403 351 478 474 287 2. AGGREGATE NET RESOURCE FLO%%S AND NET TRANSFERS (LONG-TERM) NET RESOURCE F'LOWS 155 1,266 1,935 895 4,501 4,334 3,830 5,229 4,712 2,764 Net flow of long-term debt (ex. IMF) 157 1,313 1,043 127 1,548 1,052 114 2,132 3,224 413 Foreign direct investment (net) -25 -106 530 228 1,238 1,591 1,478 1,517 1,222 1,713 Portfolio equity flows 0 0 0 333 1,445 1,407 1,961 1,333 73 454 Grants (excluding technical coop.) 23 59 362 208 270 284 277 247 193 184 Memo: technical coop. grants 16 64 244 467 451 329 380 277 245 228 official net resource flows 83 426 1,296 1,665 1,234 466 -479 240 298 178 private net resource flows 72 840 639 -769 3,267 3,868 4,309 4,988 4,414 2,586 NET TRANSFERS 87 489 51 -844 2,373 2,293 1,586 3,119 2,509 234 Interest on long-term debt 44 579 1,573 1,334 1,759 1,646 1,844 1,659 1,702 1,950 Profit remittances on FDI 24 198 311 405 369 395 400 450 500 580 Memo: official net transfers 72 286 547 821 131 -683 -1,766 -802 -625 -653 private net transfers 15 203 -496 -1,665 2,242 2,975 3,352 3,921 3,135 887 3. NL4JOR ECONORHC AGGREGATES Gross national product (GNP) 6,576 32,436 44,092 53,890 55,320 65,730 76,165 86,258 85,742 68,210 Exports of goods & services (XGS) .. 8,202 13,290 17,636 19,183 24,476 33,294 40,118 49,120 43,617 of which workers renmittances .. 205 262 315 311 443 432 569 1,057 204 Imports of goods & services (MGS) .. 10,348 16,437 19,137 22,587 27,919 35,722 44,091 53,494 42,561 Intemational reserves (RES) 255 3,978 2,036 5,336 5,934 7,126 7,757 11,747 8,714 10,789 Current account balance .. -1,904 -2,695 -1,000 -3,016 -2,950 -1,980 -3,953 -4,351 1,287 4. DEBT INDICATORS EDT /XGS(% . 212.4 230.1 187.2 187.3 161.0 113.6 100.1 93.0 109.6 EDT /GNP(% . 53.7 69.4 61.3 65.0 60.0 49.7 46.5 53.3 70.1 TDS /XGS(% . 26.6 27.0 24.4 25.6 18.9 16.1 13.4 9.3 11.8 IINT /XGS (% . 18.2 13.3 8.6 11.2 8.6 6.8 5.4 4.5 5.2 INT /GNP(% . 4.6 4.0 2.8 3.9 3.2 3.0 2.5 2.6 3.4 RES /EDT(% . 22.8 6.7 16.2 16.5 18.1 20.5 29.3 19.1 22.6 RES /MGS (months) .. 4.6 1.5 3.4 3.2 3.1 2.6 3.2 2.0 3.0 Short-term /EDT (%) .. 43.4 14.5 15.9 14.0 14.5 14.0 19.9 25.8 15.0 Concessional /EDT (% . 5.5 20.0 24.4 26.4 27.4 29.5 25.9 21.9 23.8 Multilateral /EDT (%) .. 7.5 20.5 20.9 21.3 21.2 22.4 19.8 16.0 16.7 PHILIPPINES47 (US mllon unes ohewis idiatd) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 5. LONG-TERJ%I DEBT DEBT OUTSTANDING (LDOD) 1,544 8,817 25,241 26,649 29,691 32,632 31,823 31,770 33,033 39,064 Public and publicly guaranteed 625 6,363 24,040 25,618 27,482 29,687 28,292 26,868 26,199 28,189 Official creditors 272 2,636 15,302 19,013 21,134 23,208 22,196 20,210 18,483 20,209 Multilateral 120 1,310 6,273 6,908 7,645 8,348 8,479 7,928 7,321 7,972 Concessional 0 60 457 698 818 935 976 972 947 1,045 Bilateral 152 1,326 9,029 12,105 13,489 14,860 13,717 12,282 11,163 12,237 Concessional 68 894 5,649 7,366 8,677 9,860 10,164 9,422 9,063 10,356 Private creditors 353 3,727 8,739 6,605 6,348 6,479 6,096 6,658 7,715 7,980 Bonds I11 888 825 4,174 4,667 4,858 4,666 5,450 6,228 6,357 Comimercial banks 267 2,256 6,661 1,322 630 575 650 581 942 1,200 Other private 75 583 1,253 1,109 1,051 1,047 780 627 546 423 Private nonguaranteed 919 2,454 1,201 1,030 2,210 2,945 3,531 4,902 6,834 10,875 Bonds 0 0 0 20 270 1,062 1,925 3,499 5,274 5,366 Commnercial banks 919 2,454 1,201 1,010 1,939 1,883 1,606 1,404 1,560 5,509 Memo: IBRD 119 926 3,943 4,179 4,598 4,855 5,002 4,666 4,179 4,311 IDA 0 34 101 166 167 174 183 193 195 205 DISBURSEMENTS 416 1,854 2,516 2,763 4,250 3,302 2,851 5,023 5,349 3,214 Public and publicly guaranteed 141 1,382 2,225 2,490 3,285 2,316 1,827 3,245 3,172 2,705 Official creditors 74 461 1,373 2,149 2,286 1,770 1,425 1,596 1,803 1,407 Multilateral 17 321 854 845 965 612 621 728 620 652 Concessional 0 9 121 118 101 63 63 70 61 37 Bilateral 57 140 519 1,303 1,321 1,158 805 868 1,182 756 Concessional 15 102 462 935 932 728 745 792 1,161 744 Private creditors 66 920 852 341 999 546 402 1,649 1,370 1,297 Bonds 0 96 575 0 765 350 278 1,618 866 500 Commercial banks 50 657 167 45 56 35 102 1 3 453 772 Other private 17 167 110 296 178 162 22 1 8 52 25 Private nionguaranteed 276 472 291 274 966 985 1,024 1,778 2,177 510 Bonds 0 0 0 20 251 785 864 1,778 1,793 90 Conmmercial banks 276 472 291 254 714 201 161 0 384 420 Memo: IBRD 16 229 506 544 671 300 393 442 295 292 IDA 0 2 0 34 2 5 10 15 9 9 PRINCIPAL REPAYMENTS 260 541 1,473 2,637 2,702 2,250 2,737 2,891 2,125 2,801 Public and publicly guaranteed 74 221 1,411 2,494 2,581 2,104 2,587 2,597 1,884 2,551 Official creditors 15 95 439 692 1,322 1,588 2,181 1,602 1,697 1,413 Multilateral 5 45 388 438 470 520 651 608 586 566 Concessional 0 1 6 7 8 8 6 7 79 Bilateral 10 49 5 1 253 852 1,069 1,530 994 1,112 848 Concessional 3 24 21 74 354 420 674 496 549 475 Private creditors 59 126 972 1,802 1,258 516 406 995 186 1,138 Bonds 1 1 6 180 72 277 168 32 798 28 439 Commercial banks 39 44 743 1,585 762 108 101 64 67 529 Other private 1 9 67 49 146 219 240 273 133 9 1 170 Private nonguaranteed 186 320 62 143 121 146 150 294 241 250 Bonds 0 0 0 0 0 0 0 100 0 0 Commercial banks 186 320 62 143 121 146 150 194 241 250 Memo: IBRD 5 33 301 323 338 358 413 425 407 387 IDA 0 0 1 1 2 2 2 222 NET FLOWS ON DEBT 157 1,313 1,043 127 1,548 1,052 114 2,132 3,224 413 Public and publicly guaranteed 67 1,161 814 -4 704 212 -760 648 1,289 153 Official creditors 60 367 934 1,457 964 182 -756 -6 105 -6 Multilateral 12 276 466 407 495 92 -30 120 35 86 Concessional 0 8 115 112 93 55 57 63 54 28 Bilateral 48 91 468 1,050 469 90 -726 -126 71 -92 Concessional 12 78 441 861 578 308 7 1 296 612 269 Private creditors 7 794 -120 -1,461 -260 30 -4 654 1,183 159 Bonds -1 80 395 -72 488 182 246 820 838 6 1 Commercial banks 1 1 614 -576 -1,540 -706 -74 1 -51 385 243 Other private -3 100 61 151 -41 -78 -251 -115 A0 -145 Private nonguaranteed 90 152 229 131 844 839 874 1,484 1,935 260 Bonds 0 0 0 20 251 785 864 1,678 1,793 90 Commercial banks 90 152 229 ill 593 55 1 1 -194 142 170 Memo: IiBRD I11 195 206 221 333 -58 -21 1 8 -112 -95 IDA 0 2 -1 33 1 3 8 13 8 7 448 PHILIPPINES (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 INTEREST PAYMENTS (LINT) 44 579 1,573 1,334 1,759 1,646 1,844 1,659 1,702 1,950 Public and publicly guaranteed 26 375 1,486 1,294 1,661 1,513 1,693 1,428 1,384 1,463 Official creditors 11 140 749 843 1,103 1,148 1,287 1,042 923 830 Multilateral 7 100 444 495 526 565 604 537 485 443 Concessional 0 1 4 7 8 9 10 10 9 9 Bilateral 4 40 305 348 577 584 683 505 438 388 Concessional 2 21 125 148 276 273 404 300 289 277 Private creditors 15 235 737 451 558 365 405 387 461 633 Bonds 1 36 31 74 209 274 288 300 397 505 Commercial banks 11 165 671 342 280 33 54 45 36 104 Other private 3 34 35 35 69 58 63 41 28 24 Private nonguaranteed 19 204 87 40 98 133 152 231 319 487 Bonds 0 0 0 0 1 20 82 154 257 386 Commercial banks 19 204 87 40 97 113 70 77 62 101 Memo: IIBRD 7 73 296 316 331 359 376 341 302 266 IDA 0 0 1 1 1 1 1 1 1 2 NET TRANSFERS ON DEBT 113 733 -529 -1,208 -211 -595 -1,730 472 1,522 -1,537 Public and publicly guaranteed 41 785 -672 -1,298 -957 -1,301 -2,452 -781 -95 -1,309 Official creditors 49 227 185 614 -139 -967 -2,043 -1,048 -818 -836 Multilateral 5 176 22 -88 -32 -472 -634 -417 -451 -357 Concessional 0 8 ill 105 85 46 47 53 45 19 Bilateral 43 51 163 702 -107 -494 -1,409 -631 -367 -480 Concessional 9 57 316 713 303 35 -333 -4 323 -8 Private creditors -7 559 -857 -1,912 -818 -334 -409 268 723 -473 Bonds -2 44 364 -145 279 -92 -41 519 441 -444 Commercial banks 0 448 -1,247 -1,882 -986 -106 -54 -96 350 140 Other private -6 66 25 116 -111 -136 -315 -156 -68 -169 Private nonguaranteed 71 -52 142 91 746 706 723 1,253 1,617 -228 Bonds 0 0 0 20 250 764 782 1,524 1,536 -296 Commercial banks 71 -52 142 71 496 -58 -59 -271 80 69 Memo: IBRD 4 123 -90 -95 2 -417 -397 -324 -414 -361 IDA 0 1 -2 32 -1 2 7 12 6 5 DEBT SERVICE (LTDS) 304 1,120 3,046 3,971 4,461 3,896 4,581 4,550 3,827 4,751 Plublic and publicly guaranteed 100 596 2,897 3,788 4,241 3,617 4,279 4,025 3,267 4,014 Official creditors 26 235 1,188 1,535 2,425 2,737 3,468 2,644 2,620 2,244 Multilateral 12 145 832 933 996 1,084 1,255 1,145 1,071 1,009 Concessional 0 1 10 13 16 17 16 16 16 18 Bilateral 14 90 356 602 1,429 1,653 2,213 1,499 1,549 1,235 Concessional 6 45 146 222 629 693 1,078 795 838 752 Private creditors 74 362 1,709 2,253 1,816 880 811 1,382 647 1,770 Bonds 2 52 211 145 486 441 320 1,099 425 944 Commercial banks 50 209 1,414 1,927 1,042 141 155 109 103 633 Other private 22 101 85 180 289 298 336 174 119 194 Private nonguaranteed 204 524 149 183 219 279 302 525 560 737 Bonds 0 0 0 0 1 20 82 254 257 386 Commnercial banks 204 524 149 183 218 259 220 271 303 351 Memo: IBRD 12 106 597 640 669 717 789 766 709 654 IDA 0 0 2 2 3 3 3 3 3 4 UNDISBURSED DEBT 193 4,365 6,590 7,483 7,280 8,407 8,626 7,963 6,996 8,748 Official creditors 176 3,246 6,156 7,088 6,863 7,989 8,224 7,648 6,766 8,445 Private creditors 16 1,119 434 395 417 419 402 315 230 303 Memorandum items Concessional LDOD 68 954 6,105 8,065 9,495 10,795 11,140 10,394 10,010 11,402 Variable rate LDOD 924 4,399 11,066 7,803 9,249 10,644 11,638 12,853 15,152 20,093 Public sector LDOD 624 6,363 23,668 25,324 27,239 29,459 28,135 26,729 26,070 28,121 Private sector LDOD 920 2,454 1,573 1,325 2,452 3,173 3,687 5,041 6,963 10,943 6. CURRENCIt COMUPOSIT ION OF LONG-TERM DEBT IPERCENT) Deutschecmark 12.0 2.0 1.5 1.5 1.4 1.4 1.5 1.7 1.5 1.4 French franc 0.2 2.2 1.5 0.9 0.8 0.8 0.8 0.9 0.8 0.9 Japanese yen 2.7 21.9 31.0 34.6 38.2 40.4 39.5 38.1 36.8 38.6 Pound sterling 0.0 0.2 1.0 0.3 0.3 0.3 0.2 0.2 0.3 0.2 Swiss franc 3.1 0.5 0.5 0.3 0.4 0.4 0.3 0.2 0.2 0.2 U.S.dollars 62.1 51.6 36.2 33.9 30.4 28.0 27.5 29.8 33.9 33.9 Multiple currency 19.2 19.0 23.6 24.3 25.2 25.4 26.9 26.0 24.1 22.8 Special drawing rights 0.0 0.0 0.0 0.1 0.2 0.3 0.4 0.6 0.6 0.6 All other currencies 0.7 2.6 4.7 4.1 3.1 3.0 2.9 2.5 1.8 1.4 449 PHILIPPINES (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 7. DEBT RESTRUICTU LRINGS Total amount rescheduled 1,068 4,408 282 0 0 0 0 0 Debt stock rescheduled 0 2,247 0 0 0 0 0 0 Principal rescheduled .. 848 748 216 0 0 0 0 0 Official ..172 490 191 0 0 0 0 0 Private ..676 258 25 0 0 0 0 0 Interest rescheduled 186 235 66 0 0 0 0 0 Official 107 193 62 0 0 0 0 0 Private ..80 43 4 0 0 0 0 0 Debt forgiven 0 0 0 0 0 0 0 0 Memo: interest forgiven 0 0 0 0 0 0 0 0 Debt stock reduction 1,803 2,259 0 0 0 0 0 0 ofwhich debt buyback 721 1,175 0 0 0 0 0 0 8. DEBT STOCK-F~LO%~ RECONCILLATION Total change in debt stocks 1,927 554 2,931 3,476 -1,582 2,316 5,537 2,135 Net flows on debt 765 3,855 1,123 614 1,440 1,515 -685 4,521 7,533 -3,544 Net change in interest arrears ... 48 -117 0 0 0 0 0 0 Interest capitalized 186 235 66 0 0 0 0 0 Debt forgiveness or reduction -1,082 -1,085 0 0 0 0 0 0 Cross-currency valuation ... 980 -323 1,076 1,851 -171 -1,735 -1,637 1,606 Residual ... 672 1,230 350 110 -726 -470 -359 4,074 9. A'VER.GE TERMS OF NEW CONIMITNIENTS ALL CREDITORS Interest (%) 7.3 9.9 6.2 5.8 5.5 4.3 4.8 6.2 4.7 5.7 Maturity (years) 11.4 17.2 21.9 18.8 17.1 20.9 24.1 17.3 21.3 17.9 Grace period (years) 2.1 5.3 7.3 4.6 5.7 6.8 8.2 9.4 10.2 6.1 Grant element (%) 12.4 4.0 28.2 25.4 27.4 38.4 39.7 24.4 34.2 29.5 Official creditors Interest (%) 6.7 6.9 5.1 5.9 4.9 3.8 4.3 4.9 3.7 4.5 Maturity (years) 14.3 22.2 24.4 19.9 23.6 23.5 26.6 21.0 26.4 23.8 Grace period (years) 2.2 6.2 7.3 5.0 6.7 7.2 7.8 6.2 7.7 6.5 Grant element (%) 16.0 22.0 36.8 26.3 36.6 43.9 43.6 34.7 48.5 40.9 Private creditors Interest (%) 8.1 13.5 9.2 5.4 6.7 6.7 7.1 7.4 6.0 8.0 Maturity (years) 6.7 11.2 15.0 12.3 5.0 8.9 10.9 13.9 14.4 6.3 Grace period (years) 1.9 4.1 7.6 2.1 3.8 5.3 10.2 12.4 13.5 5.5 Grant element (%) 6.4 -17.5 4.1 20.3 10.2 12.7 19.0 14.6 15.2 7.2 Memorandum items Commitments 171 2,143 3,520 2,372 2,952 3,102 2,595 3,631 3,030 4,152 Official creditors 107 1,164 2,588 2,013 1,924 2,558 2,182 1,766 1,728 2,751 Private creditors 64 979 933 359 1,028 544 413 1,865 1,301 1,401 10. CONTRACTUAL OBLIGATIONS ON OLrTSTANDING LONG-TERM DEBT 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 TOTAL Disbursements 2,665 2,348 1,498 981 584 326 196 66 43 25 Principal 2,726 3,121 3,321 3,814 3,245 3,055 2,505 3,049 2,231 2,526 Interest 1,942 1,927 1,851 1,700 1,539 1,392 1,274 1,142 1,010 875 Official creditors Disbursements 2,501 2,257 1,465 967 582 326 196 66 43 25 Principal 1,708 1,631 1,631 1,751 1,744 1,696 1,673 1,703 1,573 1,464 Interest 902 936 942 902 844 773 702 626 548 480 Bilateral creditors Disbursements 1,761 1,509 929 543 280 135 61 2 2 1 Principal 966 905 920 972 987 945 946 997 914 814 Interest 398 432 454 438 412 378 344 308 272 244 Multilateral creditors Disbursements 740 748 536 424 302 191 135 64 42 25 Principal 742 726 711 779 757 751 726 707 659 650 Interest 504 505 488 464 431 395 358 318 276 237 Private creditors Disbursements 164 91 33 13 2 0 0 0 0 0 Principal 1,019 1,490 1,690 2,063 1,501 1,359 832 1,346 658 1,062 Interest 1,040 990 909 798 696 620 571 516 462 395 Commercial banks Disbursements 58 24 6 3 0 0 0 0 0 0 Principal 337 183 485 60 56 42 28 1 8 12 7 Interest 76 58 42 1 8 14 10 7 6 4 4 Other private Disbursements 106 67 28 10 2 0 0 0 0 0 Principal 682 1,307 1,204 2,003 1,445 1,317 805 1,329 646 1,056 Interest 964 933 867 781 682 610 564 510 458 391 450 POLAND (US$ million, unless otherwise indicated) 1970 1980 1990 1992 799~ 1904 71995 1996 199 19 I1. SUjNI NAR Y DEBT D-ATA ToTrAL DEBr SrocKs (EDTr) 49,366 48,495 45,176 42,553 44,263 43,473 40,401 47,708 Long-term debt (LDOD) ..39,263 43,142 41,837 40,367 42,086 40,810 36,589 41,518 Public and publicly guaranteed 39,263 42,741 41,297 39,503 41,073 39,208 34,178 35,136 Private nonguaranteed 0 401 541 864 1,012 1,602 2,412 6,381 Useof IMF credit 0 0 509 820 684 1,341 0 0 0 0 Short-term debt 9,595 4,532 2,656 845 2,178 2,663 3,812 6,191 of which interest arrears on LDOD 8,316 3,281 1,513 139 136 0 0 0 Official creditors ... 6,568 1,868 124 139 136 0 0 0 Private creditors 1,747 1,413 1,390 0 0 0 0 0 Memo: principal arrears on LDOD 5,672 2,828 580 585 625 29 29 3 Official creditors 4,284 2,274 429 578 619 25 25 0 Private creditors 1,388 554 152 7 5 4 4 3 Memo: export credits 28,076 20,432 21,063 19,123 17,559 18,002 15,755 16,990 TOTAL DEBT FLOWS Disbursements 1,025 819 751 2,429 1,279 1,475 2,394 4,742 Long-term debt 540 819 751 1,512 1,279 1,475 2,394 4,742 IMF purchases 0 0 485 0 0 917 0 0 0 0 Principal repayments 635 540 669 1,895 2,279 1,114 1,085 2,910 Long-termn debt 635 540 531 1,581 885 1,114 1,085 2,910 IMF repurchases 0 0 0 0 138 314 1,394 0 0 0 Net flows on debt 423 183 -27 97 335 982 2,459 4,210 of which short-termn debt 33 -97 -109 -436 1,335 621 1,149 2,379 Interest payments (INT) ..332 929 1,026 1,207 1,868 1,566 1,477 1,624 Long-termn debt 203 760 869 1,123 1,719 1,433 1,286 1,374 IMF charges 0 0 23 62 47 48 47 0 0 0 Short-term debt 105 108 110 37 102 133 191 250 Net transfers on debt ... 92 -747 -1,053 -1,110 -1,532 -584 982 2,586 Total debt service paid (TDS) ..966 1,469 1,695 3,102 4,147 2,680 2,562 4,534 Long-term debt 838 1,299 1,399 2,704 2,604 2,547 2,371 4,284 IMFrepurchases and charges 0 0 23 62 185 362 1,440 0 0 0 Short-term debt (interest only) .. 105 108 110 37 102 133 191 250 2. AGGREGATE NET RESOURCE FLO%%S AND NET TRANSFERS (LONG-1 ERMIi NEI RESOURCE FLO~4 ..s 22 2,077 3,247 3,499 8,382 6,537 7,814 9,716 Net flow of long-term debt (ex. vIMF) -95 279 220 -70 394 361 1,310 1,832 Foreign direct investment (net) .. 89 678 1,715 1,875 3,659 4,498 4,908 6,365 Portfolio equity flows 0 0 400 5 921 722 945 969 Grants (excluding technical coop.) 27 1,119 912 1,688 3,408 956 652 549 Memo: techrnical coop. grants 0 196 118 101 334 146 144 214 official net resource flows -50 1,354 1,089 2,255 3,324 1,204 512 63 private net resource flows .7 1 723 2,158 1,244 5,058 5,333 7,302 9,653 NET TRANSFERS .. -201 1,163 2,179 2,176 6,438 4,804 6,168 7,942 Interest on long-term debt 203 760 869 1,123 1,719 1,433 1,286 1,374 Profit remlittances on FDI .. 20 154 199 200 225 300 360 400 Memo: official net transfers -163 711 370 1,519 2,108 282 -266 -697 private net transfers -38 452 1,809 657 4,330 4,523 6,433 8,639 3. M%AJOR ECONON~IIC AGGREGATES Gto-,, nadional prodluct (GNP) ... 55,620 82,702 84,701 96,445 124,271 141,890 142,003 156,988 Exports of goods & services (XGS) ... 19,640 19,430 18,362 26,158 37,501 39,640 41,981 46,551 of which workers remittances ...0 0 0 558 696 723 797 938 Imports of goods & services (MGS) ... 19,084 23,000 24,910 25,898 36,909 43,875 48,963 55,411 Intemnational reserves (RES) ... 4,674 4,257 4,277 6,023 14,957 18,019 20,670 27,383 Current account balance ... 3,067 -3,104 -5,788 954 854 -3,264 -5,744 -6,901 4. DEBT INDICATORS EDT, XGS t%) .. .. ~~~~~~ ~~~~251.4 249.6 246.0 162.7 118.0 109.7 96.2 102.5 EDT /GNP(% ... 88.8 58.6 53.3 44.1 35.6 30.6 28.5 30.4 TDS / XGS ()... 4.9 7.6 9.2 11.9 11.1 6.8 6.1 9.7 INT /XGS (). . 1.7 4.8 5.6 4.6 5.0 4.0 3.5 3.5 INT /GNP(% ... 0.6 1.1 1.2 1.3 1.5 1.1 1.0 1.0 RES / EDT (). . 9.5 8.8 9.5 14.2 33.8 41.5 51.2 57.4 RES /MGS (months) ... 2.9 2.2 2.1 2.8 4.9 4.9 5.1 5.9 Short-term /EDT (%) ... 19.4 9.4 5.9 2.0 4.9 6.1 9.4 13.0 Concessional /EDT(% ... 7.7 26.8 27.8 25.4 25.1 23.3 19.0 16.6 Multilateral /EDT (%) ... 1.1 2.4 3.3 4.6 4.7 5.0 5.1 4.5 451 POLAND (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 5. LONG-TERM DEBT DEBT OUTSTANDING (LDOD) ... 39,263 43,142 41,837 40,367 42,086 40,810 36,589 41,518 Public and publicly guaranteed ... 39,263 42,741 41,297 39,503 41,073 39,208 34,178 35,136 Official creditors 27,919 32,819 32,446 31,040 32,232 30,502 26,578 27,075 Multilateral 524 1,167 1,471 1,957 2,067 2,175 2,079 2,156 Concessional 0 0 0 0 0 0 0 0 Bilateral 27,395 31,652 30,975 29,083 30,165 28,327 24,500 24,919 Concessional 3,822 12,976 12,555 10,797 11,097 10,111 7,692 7,904 Private creditors 11,344 9,922 8,850 8,463 8,841 8,707 7,600 8,062 Bonds 1 0 0 7,860 8,110 8,271 6,964 7,365 Commercial banks 9,760 9,108 8,640 362 556 323 573 650 Other private 1,584 814 211 241 175 113 63 47 Private nonguaranteed ..0 401 541 864 1,012 1,602 2,412 6,381 Bonds 0 0 0 0 0 50 850 1,678 Conimercial banks 0 401 541 864 1,012 1,552 1,561 4,703 Memo: IBRD 0 0 55 743 1,073 1,818 2,067 2,175 2,079 2,156 IDA 0 0 0 0 0 0 0 0 0 0 DISBURSEMENTS ... 540 819 751 1,512 1,279 1,475 2,394 4,742 Public and publicly guaranteed ... 540 773 566 1,015 856 1,014 1,010 1,391 Official creditors 70 412 330 712 248 693 280 153 Multilateral 56 343 317 672 210 464 239 153 Concessional 0 0 0 0 0 0 0 0 Bilateral 14 69 12 40 38 229 42 0 Concessional 10 4 0 16 7 199 1 0 Private creditors 470 361 237 303 608 321 730 1,239 Bonds 0 0 0 138 250 166 400 1,138 Commercial banks 300 220 168 72 353 155 326 94 Other private 171 141 69 93 5 0 3 7 Private nonguaranteed ...0 46 185 497 423 461 1,384 3,351 Bonds 0 0 0 0 0 50 803 812 Commercial banks 0 46 185 497 423 411 581 2,539 Memo: IBRD 0 0 54 343 317 672 210 464 239 153 IDA 0 0 0 0 0 0 0 0 0 0 PRINCIPAL REPAYMENTS ... 635 540 531 1,581 885 1,114 1,085 2,910 Public and publicly guaranteed ... 635 494 485 1,408 611 803 510 1,444 Official creditors 147 178 153 146 332 445 421 640 Multilateral 46 29 20 0 158 197 155 175 Concessional 0 0 0 0 0 0 0 0 Bilateral 101 149 133 146 174 248 265 464 Concessional 43 54 112 47 44 51 80 231 Private creditors 488 316 332 1,262 279 358 90 804 Bonds 0 0 0 0 0 0 0 748 Commercial banks 400 177 172 1,179 192 312 54 35 Other private 88 139 161 83 87 46 36 21 Private nonguaranteed ...0 46 46 174 275 311 575 1,466 Bonds 0 0 0 0 0 0 0 0 Commercial banks 0 46 46 174 275 311 575 1,466 Memo: IBRD 0 0 0 0 0 0 19 197 155 175 IDA 0 0 0 0 0 0 0 0 0 0 NET FLOWS ON DEBT ... -95 279 220 -70 394 361 1,310 1,832 Public and publicly guaranteed ... -95 280 81 -393 245 211 500 -53 Official creditors -77 234 176 567 -84 248 -140 -487 Multilateral 10 314 297 672 52 266 84 -23 Concessional 0 0 0 0 0 0 0 0 Bilateral -87 -80 -120 -106 -136 -19 -224 -464 Concessional -33 -51 -112 -31 -37 147 -79 -231 Private creditors -18 45 -95 -959 329 -37 640 434 Bonds 0 0 0 138 250 166 400 390 Comimercial banks -100 43 -3 -1,107 161 -157 272 59 Other private 83 2 -92 10 -82 -46 -32 -14 Private nonguaranteed ..0 0 139 323 148 150 810 1,884 Bonds 0 0 0 0 0 50 803 812 Commercial banks 0 0 139 323 148 100 7 1,072 Memo: IBRD 0 0 54 343 317 672 191 266 84 -23 IDA 0 0 0 0 0 0 0 0 0 0 452 POLAND (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 INTEREST PAYMENTS (LINT) ..203 760 869 1,123 1,719 1,433 1,286 1,374 Public and publicly guaranteed 203 751 832 1,075 1,663 1,355 1,169 1,164 Official creditors ... 113 643 718 736 1,216 923 777 759 Multilateral 31 37 71 152 148 147 142 131 Concessional 0 0 0 0 0 0 0 0 Bilateral 82 606 647 584 1,068 775 636 629 Concessional 56 167 339 338 478 465 405 407 Private creditors ... 90 109 114 339 447 433 391 405 Bonds 0 0 0 0 386 392 364 349 Comnmercial banks ..74 71 85 318 47 32 23 53 Other private 15 38 29 21 14 8 5 3 Private nonguaranteed 0 8 37 48 56 78 118 210 Bonds ...0 0 0 0 0 0 3 65 Commnercial banks 0 8 37 48 56 78 114 145 Memo: IBRD 0 0 1 33 64 88 133 147 142 131 IDA 0 0 0 0 0 0 0 0 0 0 NET TRANSFERS ON DEBT -298 -480 -648 -1,192 -1,325 -1,072 23 458 Public and publicly guaranteed -298 -472 -751 -1,467 -1,418 -1,144 -669 -1,217 Official creditors ..-190 -408 -542 -169 -1,300 -675 -918 -1,246 Multilateral .. -22 277 226 520 -96 119 -58 -153 Concessional ..0 0 0 0 0 0 0 0 Bilateral -169 -686 -768 -690 -1,204 -794 -859 -1,093 Concessional .. -90 -218 -450 -369 -515 -318 -485 -637 Private creditors ..-107 -63 -209 -1.298 -118 -469 249 30 Bonds 0 0 0 138 -136 -226 36 41 Commercial banks -175 -28 -88 -1,425 114 -189 249 6 *Other pr-ivate 67 -36 -121 -11 -96 -54 -37 -17 Private nonguaranteed ..0 -9 102 275 93 72 692 1,675 Bonds 0 0 0 0 0 50 800 748 Cormmercial banks ..0 -9 102 275 93 22 -107 927 Memo: IBRD C 0 54 310 253 585 58 119 -58 -153 IDA 0 0 0 0 0 0 0 0 0 0 DEBT SERVICE (LTDS) .. 838 1,299 1,399 2,704 2,604 2,547 2,371 4,284 Public and publicly guaranteed .. 838 1,245 1,317 2,482 2,274 2,158 1,679 2,608 Official creditors 260 820 871 882 1,548 1,368 1,198 1,399 Multilateral 77 66 91 152 306 344 297 306 Concessional ...0 0 0 0 0 0 0 0 Bilateral .. 183 755 780 729 1,241 1,023 901 1,093 Concessional ..100 221 450 385 522 516 486 637 Private creditors 578 425 446 1,601 726 790 481 1,209 Bonds ..0 0 0 0 386 392 364 1,097 Comimercial banks .. 474 248 256 1,497 239 344 77 88 Odier private .. 103 177 190 104 102 54 40 24 Private nonguaranteed ..0 54 82 221 331 389 692 1,676 Bonds 0 0 0 0 0 0 3 65 Commercial banks ..0 54 82 221 331 389 689 1,612 Memo: IBRD 0 0 1 33 64 88 152 344 297 306 IDA 0 0 0 0 0 0 0 0 0 0 UNDISBURSED DEBT ... 2,126 2,601 3,149 2,460 1,939 1,244 1,223 972 Official creditors 1,297 2,006 2,801 2,296 1,830 1,136 1,060 912 Private creditors ... 829 594 348 164 109 108 163 61 Memorandum items ConcessionaliLDOD ... 3,822 12,976 12,555 10,797 11,097 10,111 7,692 7,904 Variable rate LDOD ... 26,112 28,144 28,628 24,013 25,387 25,048 23,268 27,003 Public sector LDOD ... 39,261 42,695 41,268 39,488 41,071 39,208 33,970 34,934 Private sector LDOD ..2 447 569 879 1,015 1,603 2,619 6,584 6. CURRENCI'CONMPOSrIToN OF LONG-TERMk DEBT (PERCENT) Deutsche mark ... 23.3 21.2 19.2 10.1 10.2 9.9 10.1 10.5 French franc ... 11.0 11.9 11.7 12.7 13.1 12.7 12.6 12.9 Japanese yen ... 2.9 3.0 3.8 3.9 3.6 3.8 3.8 4.1 Pound sterling . . 3.8 2.7 3.8 2.6 2.5 2.8 3.2 3.1 Swiss franc ... 9.2 5.2 5.3 0.0 0.0 0.0 0.0 0.0 U.S.dollars ... 32.2 35.9 35.8 47.0 45.9 47.4 46.5 43.0 Multiple currency ... 0.1 1.7 2.6 4.6 5.0 5.5 6.0 5.3 Special drawing rights ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 All other currencies ... 17.5 18.4 17.8 19.1 19.7 17.9 17.8 21.1 453 POLAND (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 7. DEBTr RESTRU'CTURINGS Total amount rescheduled 3,559 28,236 8,076 7,723 0 0 0 0 Debt stock rescheduled 0 22,488 2,259 3,307 0 0 0 0 Principal rescheduled 1,391 3,270 3,772 325 0 70 7 3 Official 746 2,709 3,419 0 0 0 0 0 Private 645 562 353 325 0 70 7 3 Interest rescheduled ..2,168 2,477 2,045 1,838 0 1 1 0 Official 1,998 1,843 1,948 0 0 0 0 0 Private 170 635 98 1,838 0 1 1 0 Debt forgiven 233 1,001 653 3,791 0 5 8 33 Memo: interest forgiven 61 0 0 0 0 0 0 0 Debt stock reduction 284 1,092 1,674 4,809 0 0 1,686 0 of which debt buyback 0 0 0 956 0 0 0 0 8. DEBT STOCK-FLOWV RECONCILLATION Total change in debt stocks 6,270 -4,926 -3,318 -2,623 1,710 -790 -3,072 7,307 Net flows on debt 423 183 -27 97 335 982 2,459 4,210 Net change in interest arrears 986 -2,937 -1,767 -1,375 -3 -136 0 0 Interest capitalized 2,168 2,477 2,045 1,838 0 1 1 0 Debt forgiveness or reduction -517 -2,093 -2,327 -7,643 0 -5 -1,694 -33 Cross-currency valuation ... 3,386 -1,763 -1,134 1,805 1,435 -1,276 -2,033 1,129 Residual ... -176 -793 -109 2,654 -58 -357 -1,805 2,001 9. AVERAGE TERMIS OF NEW COMAU1TMENTS ALL CREDITORS Interest (%) ... 7.5 7.0 7.3 6.8 7.8 6.4 6.4 7.4 Maturity (years) ... 15.3 13.9 15.6 14.1 2.9 9.8 9.9 8.2 Grace period (years) ... 5.1 3.6 4.6 6.3 2.8 4.3 6.1 8.0 Grant element (%) ... 14.4 14.2 14.7 17.8 5.0 16.0 17.4 13.1 Official creditors Interest (%) ... 7.2 7.4 7.4 6.9 0.0 6.3 5.6 4.3 Maturity (years) ... 17.8 16.9 16.3 14.8 0.0 16.8 14.9 14.9 Grace period (years) ... 5.6 4.3 4.8 5.1 0.0 4.6 5.4 5.4 Grant element (%) ... 17.8 15.2 15.1 17.0 0.0 21.7 25.6 34.0 Private creditors Interest (%) ... 8.5 6.3 6.7 6.7 7.8 6.4 6.9 7.4 Maturity (years) ... 7.3 7.5 6.9 13.1 2.9 4.4 6.7 8.1 Grace period (years) ... 3.6 1.9 2.5 8.3 2.8 4.0 6.6 8.1 Grant element (%) ... 3.9 12.1 10.3 19.1 5.0 11.6 12.0 12.7 Memorandum items Commitments ... 1,666 610 1,201 462 558 568 1,347 1,231 Official creditors ... 1,259 414 1,109 289 0 249 533 20 Private creditors ... 407 196 92 173 558 320 813 1,211 10. CON1TRACTLIAL OBLIGATIONS ON OUITSTANDING LONG-TERMN DEBT 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 TOTAL Disbursements 169 169 137 132 117 88 59 40 25 19 Principal 2,252 2,099 2,604 2,615 3,373 3,461 3,580 4,017 4,861 5,565 Interest 1,867 1,856 1,821 1,729 1,654 1,493 1,291 1,137 942 686 Official creditors Disbursements 128 150 137 132 117 88 59 40 25 19 Principal 737 919 1,248 1,677 2,179 2,600 3,144 3,600 4,111 4,570 Interest 1,277 1,248 1,208 1,150 1,069 965 836 681 507 310 Bilateral creditors Disbursements 1 0 0 0 0 0 0 0 0 0 Principal 535 692 1,011 1,436 1,885 2,305 2,848 3,304 3,815 4,367 Interest 1,126 1,102 1,070 1,021 951 861 748 610 454 274 Multilateral creditors Disbursements 127 150 137 132 117 88 59 40 25 19 Principal 203 227 237 242 294 296 296 296 296 204 Interest 151 145 137 129 118 104 88 7 1 53 36 Private creditors Disbursements 4 1 19 0 0 0 0 0 0 0 0 Principal 1,515 1,180 1,356 937 1,194 861 436 417 750 994 Interest 590 609 613 580 585 528 455 456 435 376 Comimercial banks Disbursements 41 19 0 0 0 0 0 0 0 0 Principal 144 248 258 45 9 1 1 0 0 0 Interest 41 32 1 1 4 1 0 0 0 0 0 Other private Disbursements 0 0 0 0 0 0 0 0 0 0 Principal 1,371 932 1,098 892 1,185 860 435 417 750 994 Interest 549 577 602 576 584 528 455 456 435 376 454 ROMANIA (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 1. SUMTMARY DEBT DATA TOTAL DEBT STOCKS (EDT) 9,762 1,140 3,240 4,239 5,533 6,666 8,519 9,477 9,513 Long-term debt (LDOD) 7,131 230 1,447 2,316 3,243 4,325 7,052 7,887 7,825 Public and publicly guaranteed 7,131 223 1,287 2,070 2,925 3,909 6,683 7,157 6,962 Private nonguaranteed 0 7 160 246 318 416 369 730 863 Use of IMF credit 0 328 0 1,033 1,031 1,23 1,038 651 641 539 Short-term debt -. 2,303 910 761 892 966 1,303 815 949 1,149 of which interest arrears on LDOD 0 0 0 0 0 0 0 0 21 Official creditors ..0 0 0 0 0 0 0 0 0 Private creditors 0 0 0 0 0 0 0 0 21 Memo: principal arrears on LDOD 0 0 0 0 0 0 0 2 45 Official creditors 0 0 0 0 0 0 0 2 0 Private creditors 0 0 0 0 0 0 0 0 44 Memo: export credits 0 188 616 1,149 1,539 1,818 1,917 2,009 2,245 TOTAL DEBT FLOWS Disbursements 2,955 27 1,706 1,048 1,349 1,333 3,409 2,328 1,257 Long-term debt 2,797 27 1,229 1,048 998 1,276 3,409 2,162 1,257 IMEpurchases 0 158 0 477 0 351 57 0 166 0 Principal repaymnents 928 4 300 148 387 675 772 986 1,761 Long-term debt .. 824 4 84 148 259 303 415 851 1,636 IMFrepurchases 0 104 0 216 0 128 373 356 135 125 Net flows on debt 4,330 45 1,179 1,031 1,036 995 2,150 1,475 -325 of which short-term debt 2,303 22 -227 131 74 337 -488 134 179 Interest payments (INT) 601 14 162 205 232 292 456 554 548 Long-term debt 332 0 42 123 129 176 351 472 459 IMF charges 0 20 0 62 6 1 63 69 39 29 29 Short-termn debt .. 249 14 57 2 1 40 47 67 53 60 Net transfers on debt .. 3,729 30 1,018 826 804 703 1,694 922 -873 Total debt service paid (TDS) 1,529 18 462 353 619 967 1,228 1,540 2,310 Long-term debt .. 1,156 4 126 271 388 479 766 1,322 2,095 IMF repurchases and charges 0 124 0 279 61 191 442 395 165 154 Short-term debt (interest only) .. 249 14 57 21 40 47 67 53 60 2. AGGREGATE NET RESOURCE FLOW%S AND NET TRANSFERS iLONG-TERNI NET RESOURCE FLOWS .. 1,973 26 1,422 1,093 1,177 1,428 3,371 2,651 1,825 Net flow of long-term debt (ex. MF.. 1,973 23 1,146 900 739 974 2,994 1,311 -379 Foreign direct investment (net) ..0 0 77 94 341 419 263 1,215 2,031 Portfohioequity flows ..0 0 0 0 1 1 1 1 0 42 Grants (excluding technical coop.) ..0 3 199 99 96 34 104 125 131 Memo: technical coop. grants ..0 0 46 57 41 151 100 56 158 official net resource flows .. 613 22 1,204 845 566 741 1,321 461 -1 private net resource flows .. 1,360 4 217 248 611 687 2,050 2,191 1,826 NET TRANSFERS .. 1,641 25 1,379 966 1,042 1,252 3,006 2,160 1,341 Interest on long-term debt .. 332 0 42 123 129 176 351 472 459 Profit rerrittances on FDI 0 0 0 4 6 0 15 20 25 Memo: official net transfers .. 495 22 1,173 741 466 617 1,068 198 -229 private net transfers .. 1,146 3 206 224 576 634 1,938 1,962 1,570 3. MLAJOR ECONOMIC AGGREGATES Gross national product (GNP) ... 38,455 25,010 26,214 27,918 32,618 30,905 34,521 37,645 Exports of goods &services (XGS) .. 12,160 6,555 5,077 5,754 7,315 9,489 9,736 10,161 9,836 of which workers remiittances ..0 0 0 ..4 4 10 2 4 Imports of goods & services (MGS) .. 14,580 9,915 6,648 7,142 8,022 11,628 12,890 12,875 13,503 Intemnational reserves (RES) .. 2,511 1,374 1,595 1,921 3,092 2,624 3,143 4,679 3,795 Current account balance .. -2,420 -3,254 -1,506 -1,174 -428 -1,774 -2,571 -2,137 -2,918 4. -DEBT INYDICATORS EDT /XGS (% . 80.3 17.4 63.8 73.7 75.6 70.3 87.5 93.3 96.7 EDT /GNP(% ... 3.0 13.0 16.2 19.8 20.4 27.6 27.5 25.3 TDS /XGS(% . 12.6 0.3 9.1 6.1 8.5 10.2 12.6 15.2 23.5 INT /XGS(% . 4.9 0.2 3.2 3.6 3.2 3.1 4.7 5.5 5.6 INT /GNP(% ... 0.0 0.7 0.8 0.8 0.9 1.5 1.6 1.5 RES / EDT (% . 25.7 120.5 49.2 45.3 55.9 39.4 36.9 49.4 39.9 RES /MGS (months) .. 2.1 1.7 2.9 3.2 4.6 2.7 2.9 4.4 3.4 Short-term /EDT (%) .. 23.6 79.8 23.5 21.0 17.5 19.6 9.6 10.0 12.1 Concessional /EDT(% . 1.8 19.2 7.5 1.6 2.6 6.4 5.4 4.7 6.1 Multilateral / EDT (%) .. 8.3 0.0 24.4 23.2 23.8 25.4 22.8 23.5 24.9 455 ROMANIA (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 5. L-ONG-TERNIl DEBT DEBT OUTSTANDING (LDOD) .. 7,131 230 1,447 2,316 3,243 4,325 7,052 7,887 7,825 Public and publicly guaranteed .. 7,131 223 1,287 2,070 2,925 3,909 6,683 7,157 6,962 Official creditors 2,468 218 1,187 1,580 2,218 3,008 4,033 4,030 4,086 Multilateral 807 0 789 982 1,315 1,695 1,943 2,230 2,368 Concessional 0 0 0 0 0 0 0 0 0 Bilateral 1,661 218 398 598 903 1,313 2,090 1,801 1,718 Concessional 174 218 241 68 142 424 460 449 577 Private creditors 4,663 5 100 491 708 901 2,651 3,127 2,877 Bonds 0 0 0 0 0 0 982 1,241 1,343 Commnercial banks 4,222 0 0 148 210 314 1,041 1,320 967 Other private 441 5 100 343 498 587 628 566 566 Private nonguaranteed ..0 7 160 246 318 416 369 730 863 Bonds 0 0 0 0 0 0 0 75 75 Comimercial banks 0 7 160 246 318 416 369 655 788 Memo: IBRD 0 807 0 210 403 695 844 1,009 1,305 1,443 IDA 0 0 0 0 0 0 0 0 0 0 DISBURSEMENTS .. 2,797 27 1,229 1,048 998 1,276 3,409 2,162 1,257 Public and publicly guaranteed .. 2,797 24 1,160 883 926 1,093 3,382 1,745 1,052 Official creditors 954 19 1,054 792 683 839 1,422 658 673 Multilateral 239 0 826 770 338 328 380 532 397 Concessional 0 0 0 0 0 0 0 0 0 Bilateral 715 19 227 22 344 511 1,042 126 276 Concessional 0 19 66 0 65 286 72 53 107 Private creditors 1,843 5 107 91 243 254 1,959 1,087 379 Bonds 0 0 0 0 0 0 1,029 347 0 Comimercial banks 1,402 0 0 4 64 117 772 648 286 Other private 441 5 107 87 179 137 158 93 93 Private nonguaranteed ..0 3 69 165 72 183 27 417 206 Bonds 0 0 0 0 0 0 0 75 0 Commercial banks 0 3 69 165 72 183 27 342 206 Memo: IBRD 0 239 0 211 189 263 129 228 399 153 IDA 0 0 0 0 0 0 0 0 0 0 PRINCIPAL REPAYMENTS .. 824 4 84 148 259 303 415 851 1,636 Public and publicly guaranteed .. 824 0 59 69 259 217 341 795 1,563 Official creditors 341 0 48 46 213 133 205 322 804 Multilateral 22 0 0 6 148 14 35 78 350 Concessional 0 0 0 0 0 0 0 0 0 Bilateral 319 0 48 40 65 118 171 244 454 Concessional 0 0 48 40 1 0 3 5 10 Private creditors 483 0 11 23 46 85 136 473 759 Bonds 0 0 0 0 0 0 0 0 0 Commercial banks 483 0 0 0 7 19 37 348 651 Other private 0 0 11 23 39 65 99 125 108 Private nonguaranteed 0 4 25 79 0 86 74 56 73 Bonds 0 0 0 0 0 0 0 0 0 Commercial banks 0 4 25 79 0 86 74 56 73 Memo; IBRD 0 22 0 0 0 0 0 0 29 69 IDA 0 0 0 0 0 0 0 0 0 0 NET FLOWS ON DEBT 1,973 23 1,146 900 739 974 2,994 1,311 -379 Public and publicly guaranteed 1,973 24 1,102 814 667 876 3,041 950 -512 Official creditors 613 19 1,006 746 470 707 1,217 336 -132 Multilateral 217 0 826 764 191 313 345 455 46 Concessional 0 0 0 0 0 0 0 0 0 Bilateral 396 19 179 -18 280 393 872 -119 -178 Concessional 0 19 18 -40 65 286 69 48 97 Private creditors 1,360 5 96 68 197 170 1,823 614 -380 Bonds 0 0 0 0 0 0 1,029 347 0 Commercial banks 919 0 0 4 57 98 735 300 -365 Other private 441 5 96 64 140 72 59 -32 -15 Private nonguaranteed 0 -1 44 86 72 98 -47 361 133 Bonds 0 0 0 0 0 0 0 75 0 Commercial banks 0 -1 44 86 72 98 -47 286 133 Memo: IBRD 0 217 0 211 189 263 129 228 371 84 IDA 0 0 0 0 0 0 0 0 0 0 456 ROMANIA (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 INTEREST PAYMENTS (LINT) 332 0 42 123 129 176 351 472 459 Public and publicly guaranteed 332 0 34 115 129 176 335 443 407 Official creditors .. 118 0 31 104 100 124 253 263 228 Multilateral 59 0 25 87 68 70 156 159 143 Concessional 0 0 0 0 0 0 0 0 0 Bilateral 59 0 6 17 33 54 97 104 84 Concessional 0 0 2 3 4 7 15 15 15 Private creditors 214 0 3 12 29 52 82 180 179 Bonds 0 0 0 0 0 0 10 61 85 Commercial banks 173 0 0 0 8 9 25 75 65 Other private 42 0 3 11 21 43 46 44 29 Private nonguaranteed 0 0 8 8 0 0 16 28 53 Bonds 0 0 0 0 0 0 0 0 7 Conimercial banks 0 0 8 8 0 0 16 28 46 Memo: IBRD 0 59 0 2 19 32 53 63 70 82 IDA 0 0 0 0 0 0 0 0 0 0 NET TRANSFERS ON DEBT 1,641 22 1,103 777 610 798 2,643 840 -838 Public and publicly guaranteed 1,641 24 1,067 699 538 700 2,706 507 -918 Official creditors .. 495 19 974 643 370 583 964 73 -359 Multilateral .. 158 0 801 678 123 243 189 296 -97 Concessional 0 0 0 0 0 0 0 0 0 Bilateral 337 19 173 -35 247 340 775 -223 -262 Concessional 0 19 16 -44 61 279 54 34 82 Private creditors 1,146 5 93 56 168 118 1,742 434 -559 Bonds 0 0 0 0 0 0 1,019 286 -85 Commercial banks .. 747 0 0 4 50 88 710 225 -430 Other private 399 5 93 52 118 29 13 -76 -44 Private nonguaranteed 0 -1 36 78 72 97 -63 333 80 Bonds 0 0 0 0 0 0 0 75 -7 Commiercial banks 0 -1 36 78 72 97 -63 258 87 Memo: IBRD 0 158 0 209 169 230 76 164 301 3 IDA 0 0 0 0 0 0 0 0 0 0 DEBT SERVICE (LTDS) 1,156 4 126 271 388 479 766 1,322 2,095 Public and publicly guaranteed 1,156 0 93 184 388 393 676 1,238 1,970 Official creditors 459 0 79 149 313 256 459 585 1,032 Multilateral 81 0 25 92 216 85 191 237 494 Concessional 0 0 0 0 0 0 0 0 0 Bilateral 378 0 54 57 97 172 267 349 538 Concessional 0 0 51 44 4 8 18 19 25 Private creditors 698 0 14 35 75 137 218 653 938 Bonds 0 0 0 0 0 0 10 61 85 Comimercial banks 656 0 0 0 15 29 62 423 716 Other private 42 0 14 35 61 108 145 169 137 Private nonguaranteed ..0 4 33 87 0 86 90 84 125 Bonds 0 0 0 0 0 0 0 0 7 Commercial banks 0 4 33 87 0 86 90 84 119 Memo: IBRD 0 81 0 2 19 32 53 63 99 150 IDA 0 0 0 0 0 0 0 0 0 0 UNDISBURSED DEBT 1,865 113 3,599 1,889 1,968 2,337 3,126 2,934 2,185 Official creditors 1,347 0 2,299 1,463 1,506 1,879 2,555 2,543 2,019 Private creditors 518 113 1,300 426 462 458 571 390 166 Memorandum iterms Concessional LDOD .. 174 218 241 68 142 424 460 449 577 Variable rate LDOD .. 4,222 7 1,084 912 1,418 1,760 2,446 2,918 3,285 Public sector LDOD .. 7,131 223 1,287 2,070 2,925 3,909 6,659 7,140 6,937 Private sector LDOD ..0 7 160 246 318 416 394 748 888 6. CUrRRfNC1 COM%POSITION OF LONG-TERMI DEBT (PERCENT) Deutsche mark .. 2.1 0.0 0.0 3.6 4.3 10.9 6.6 10.5 11.8 French franc .. 0.0 0.8 3.1 4.0 5.0 5.0 3.7 3.4 3.7 Japanese yen .. 0.0 0.0 0.0 3.0 3.7 2.8 22.8 19.0 18.1 Pound sterling .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Swiss franc .. 2.6 89.5 12.1 5.9 4.0 1.8 1.0 0.7 1.0 U.S.dollars .. 83.8 9.8 15.6 35.4 36.5 35.4 36.4 39.8 37.1 Multiple currency .. 11.5 0.0 19.5 19.5 23.8 21.6 15.1 14.3 16.2 Special drawing rights .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 All other currencies .. 0.0 0.0 49.7 28.6 22.7 22.5 14.4 12.3 12.1 457 ROMANIA (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 7. DEBT RESTRUICrURINGS Total amount rescheduled 0 0 0 0 0 0 0 0 Debt stock rescheduled 0 0 0 0 0 0 0 0 Principal rescheduled ..0 0 0 0 0 0 0 0 Official ..0 0 0 0 0 0 0 0 Private 0 0 0 0 0 0 0 0 Interest rescheduled 0 0 0 0 0 0 0 0 Official 0 0 0 0 0 0 0 0 Private 0 0 0 0 0 0 0 0 Debt forgiven 0 0 0 0 0 0 0 0 Memo: interest forgiven 0 0 0 0 0 0 0 0 Debt stock reduction 0 0 0 0 0 0 0 0 of which debt buyback ..0 0 0 0 0 0 0 0 11. DEBT STOCK-FLOI$ RECONCILIATION Total change in debt stocks 53 1,109 999 1,293 1,134 1,853 958 36 Net flows on debt 4,330 45 1,179 1,031 1,036 995 2,150 1,475 -325 Net change in interest arrears 0 0 0 0 0 0 0 21 Interest capitalized ..0 0 0 0 0 0 0 0 Debt forgiveness or reduction 0 0 0 0 0 0 0 0 Cross-currency valuation 39 -80 -48 144 134 -333 -460 351 Residual -30 9 16 114 5 37 -58 -11 9. AVERAGE TERMIS OF NEAVCOMMIATMENTS ALL CREDITORS Interest (%) .. 14.1 7.6 7.2 6.1 6.6 6.1 5.7 8.6 5.1 Maturity (years) .. 8.5 10.7 13.1 12.5 12.1 12.2 6.9 10.2 10.3 Grace period (years) .. 3.5 4.5 4.4 3.9 3.8 4.0 3.5 3.5 3.8 Grant element (%) .. -16.0 13.2 13.9 20.1 14.5 18.7 15.4 12.5 16.4 Official creditors Interest (%) .. 8.0 2.7 6.6 5.8 6.3 6.0 4.6 6.1 8.3 Maturity (years) .. 14.9 25.5 14.2 14.6 13.2 13.3 9.5 18.9 13.4 Grace period (years) .. 3.4 10.0 4.9 4.7 4.4 4.3 4.2 5.2 6.3 Grant element (%) .. 10.0 57.3 18.0 24.2 16.1 20.5 21.3 24.6 9.9 Private creditors Interest (%) .. 15.0 8.4 8.6 6.6 7.2 7.0 6.7 10.5 1.3 Maturity (years) .. 7.6 8.2 10.7 8.9 9.5 6.0 4.2 3.4 6.6 Grace period (years) .. 3.6 3.6 3.2 2.5 2.1 2.1 2.8 2.2 0.9 Grant element (%) .. -19.8 5.8 5.2 13.2 10.7 8.5 9.3 3.0 24.1 Memorandum items Commitments .. 1,886 132 3,103 689 996 1,597 4,243 1,689 323 Official creditors .. 240 19 2,100 437 716 1,352 2,146 746 175 Private creditors .. 1,646 113 1,003 253 281 246 2,097 943 147 10. CONTRAC'TUAL OBLIGATIONS ON OIITSTAN-DING LONG-TERMI DEBT 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 TOTAL Disbursements 783 572 316 206 123 80 46 32 16 7 Principal 2,561 1,057 1,113 1,308 746 634 457 352 316 286 Interest 531 454 413 379 304 269 240 217 99 81 Official creditors Disbursements 692 524 296 200 122 80 46 32 16 7 Principal 1,126 538 439 638 519 466 366 321 292 270 Interest 271 243 232 220 183 156 133 114 96 80 Bilateral creditors Disbursements 64 83 3 1 13 2 1 0 0 0 0 Principal 830 229 188 189 191 146 58 20 13 12 Interest 7 1 50 42 35 25 13 7 4 3 3 Multilateral creditors Disbursements 627 441 265 187 120 79 46 32 16 7 Principal 296 309 251 449 328 320 308 300 279 258 Interest 200 193 191 185 159 143 127 110 93 77 Private creditors Disbursements 91 48 20 6 1 0 0 0 0 0 Principal 1,435 519 675 669 227 167 91 3 1 24 16 Interest 260 211 181 159 120 112 106 103 3 1 Comimercial banks Disbursements 63 3 1 12 3 0 0 0 0 0 0 Principal 426 152 122 115 82 65 42 18 16 15 Interest 5 1 30 23 17 12 8 5 3 2 1 Other private Disbursements 28 1 8 8 3 1 0 0 0 0 0 Principal 1,010 367 553 555 145 102 50 1 3 8 1 Interest 209 181 158 142 109 104 101 100 1 0 458 RUSSIA,N FEDERATION (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 1. SUNTMARI' DEBT DArA TOTAL DEBT STOCKS (EDT) 59,797 78,356 1.11,731 121,457 120,333 124,887 126,037 183,601 Long-term debt (LDOD) 47,997 64,255 1.00,972 107,397 100,360 100,259 106,731 145,874 Public and publicly guaranteed 47,997 64,255 100,972 107,397 100,360 100,259 104,826 119,314 Private nonguaranteed 0 0 0 0 0 0 1,905 26,560 Use of IMF credit 0 0 0 989 2,469 4,198 9,617 12,508 13,231 19,335 Short-term debt 11,800 13,112 8,291 9,862 10,355 12,120 6,076 18,392 of which interest arrears on LDOD 4,500 4,412 2,891 5,162 6,005 7,520 2,876 4,792 Official creditors 0 479 628 1,028 1,430 1,985 2,127 3,560 Private creditors 4,500 3,934 2,262 4,134 4,575 5,535 750 1,232 Memo: principal arrears on LDOD 0 6,583 6,966 13,719 22,435 25,595 6,516 5,777 Official creditors 0 246 263 824 4,229 4,852 4,920 4,070 Private creditors ..0 6,336 6,703 12,895 18,207 20,742 1,595 1,707 Memo: export credits 15,056 36,068 39,846 41,992 47,644 45,790 40,344 41,612 TOTAL DEBT FLOWS Disbursements 16,978 12,862 5,843 3,832 7,714 9,698 10,806 27,297 Long-term debt ..16,978 11,849 4,338 2,288 2,261 5,941 8,787 21,056 IMF purchases 0 0 0 1,013 1,506 1,544 5,453 3,757 2,019 6,241 Principal repayments 7,942 994 1,438 2,181 3,169 2,944 1,653 4,974 Long-termn debt 7,942 994 1,438 2,181 3,169 2,422 1,158 4,059 IMErepurchases 0 0 0 0 0 0 0 522 495 914 Net flows on debt -1,363 12,768 3,806 1,152 4,655 7,004 7,753 21,824 of which short-term debt ... -10,400 900 -600 -500 110 250 -1,400 -500 Interest payments (INT) 3,884 356 748 1,260 2,746 4,079 5,026 5,787 Long-term debt ... 2,642 356 655 1,085 2,451 3,609 4,444 5,070 IMF charges 0 0 0 0 78 175 294 470 582 718 Short-term debt ... 1,242 0 14 0 0 0 0 0 Net transfers on debt ... -5,247 12,413 3,058 -108 1,910 2,925 2,727 16,036 Total debt service paid (TDS) ... 11,826 1,349 2,186 3,441 5,914 7,023 6,679 10,761 Long-term debt ... 10,584 1,349 2,093 3,266 5,620 6,031 5,602 9,129 IMP repurchases and charges 0 0 0 0 78 175 294 992 1,077 1,632 Short-termn debt (interest only) ... 1,242 0 14 0 0 0 0 0 2. AGGREGATE NET RESOUJRCE FLO%%SIAND NET TR.ANSFERS (LONG-TERAD NET RESOURCE FLOWS ... 9,037 12,657 4,506 2,581 2,199 11,466 15,373 20,142 Net flow of long-term debt (ex. lIMP) ... 9,037 10,856 2,900 107 -908 3,519 7,629 16,997 Foreign direct investment (net) ...0 0 0 637 2,017 2,479 6,243 2,764 Portfolio equity flows ...0 0 0 271 141 5,008 1,206 296 Grants (excluding technical coop.) *..0 1,802 1,606 1,566 949 460 295 85 Memo: technical coop. grants ...0 133 303 263 526 820 430 827 official net resource flows ... 3,474 3,323 2,451 2,005 991 4,030 2,940 796 private net resource flows ... 5,562 9,335 2,055 576 1,208 7,436 12,433 19,347 NET TRANSFERS ... 6,395 12,302 3,851 1,496 -252 7,857 10,929 15,073 Interest on long-termn debt ... 2,642 356 655 1,085 2,451 3,609 4,444 5,070 Profit remittances on FDI .. 0 0 0 0 0 0 0 0 Memo: official net transfers .. 3,362 3,265 2,388 1,626 -240 1,974 232 -989 private net transfers ... 3,033 9,036 1,463 -130 -12 5,883 10,697 16,062 3. M%AJOR ECONONIC AGGRE GATES Gross national product (GNP) ... 539,326 420,930 383,104 320,717 331,652 410,857 426,290 264,604 Exports of goods & services (XGS) ... . 54,783 65,785 77,526 92,510 104,652 104,435 88,634 of which workers remiittances ... .0 0 0 0 0 0 0 Imports of goods & services (MGS) ... . 54,315 63,110 68,730 85,585 94,973 101,382 86,978 Intemnational reserves (RES) ...... 9,818 7,206 18,024 16,258 17,624 12,043 Current account balance ... . 468 2,675 8,684 6,997 9,749 2,693 1,241 4. DEBT INDICATORS EDT / XGS (% .. . 143.0 169.8 156.7 130.1 119.3 120.7 207.2 EDT /GNP(% ... 11.1 18.6 29.2 37.9 36.3 30.4 29.6 69.4 TDS / XGS (% .. . 2.5 3.3 4.4 6.4 6.7 6.4 12.1 INT /XGS(% ... 0.7 1.1 1.6 3.0 3.9 4.8 6.5 INT /GNP(% ... 0.7 0.1 0.2 0.4 0.8 1.0 1.2 2.2 RES /EDT(% ...... 8.8 5.9 15.0 13.0 14.0 6.6 RES /MGS (months) ...... 1.9 1.3 2.5 2.1 2.1 1.7 Short-term/ EDT (%) ... 19.7 16.7 7.4 8.1 8.6 9.7 4.8 10.0 Concessional /EDT (). . 0.0 1.3 1.9 2.0 2.1 2.0 1.8 1.3 Multilateral /EDT (%) . . 0.7 0.7 1.1 1.3 1.7 2.2 4.2 3.6 459 RUSSIAN FEDERATION (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 5. LONG-TERM DEBT DEBT OUTSTANDING (LDOD) ... 47,997 64,255 100,972 107,397 100,360 100,259 106,731 145,874 Public and publicly guaranteed ... 47,997 64,255 100,972 107,397 100,360 100,259 104,826 119,314 Official creditors 5,915 10,821 54,267 62,807 57,202 62,838 63,271 68,240 Multilateral 439 538 1,278 1,532 1,985 2,762 5,289 6,577 Concessional 0 0 0 0 0 0 0 0 Bilateral 5,476 10,283 52,989 61,275 55,217 60,076 57,982 61,662 Concessional 0 1,019 2,146 2,456 2,541 2,451 2,311 2,300 Private creditors 42,082 53,435 46,705 44,590 43,159 37,421 41,555 51,074 Bonds 1,891 1,740 1,626 1,776 1,115 1,074 4,585 15,981 Commercial banks 17,916 18,511 15,879 16,380 16,674 15,628 29,288 29,305 Other private 22,275 33,184 29,200 26,435 25,370 20,719 7,682 5,788 Private nonguaranteed ...0 0 0 0 0 0 1,905 26,560 Bonds 0 0 0 0 0 0 1,905 2,190 Commercial banks 0 0 0 0 0 0 0 24,371 Memo: IBRD 0 0 0 0 367 684 1,524 2,509 5,053 6,337 IDA 0 0 0 0 0 0 0 0 0 0 DISBURSEMENTS ... 16,978 11,849 4,338 2,288 2,261 5,941 8,787 21,056 Public and publicly guaranteed ... 16,978 11,849 4,338 2,288 2,261 5,941 6,882 14,169 Official creditors 3,713 1,705 1,067 718 959 4,038 3,018 1,904 Multilateral 201 181 919 392 856 1,187 2,748 1,293 Concessional 0 0 0 0 0 0 0 0 Bilateral 3,512 1,524 148 326 104 2,852 270 611 Concessional 0 0 0 0 0 0 0 0 Private creditors 13,265 10,144 3,270 1,571 1,302 1,903 3,863 12,265 Bonds 310 0 0 0 0 1,000 3,555 11,329 Commercial banks 484 2,434 104 3 21 6 2 6 Other private 12,471 7,711 3,167 1,567 1,281 897 306 931 Private nonguaranteed ..0 0 0 0 0 0 1,905 6,887 Bonds 0 0 0 0 0 0 1,905 278 Commercial banks 0 0 0 0 0 0 0 6,609 Memo: IBRD 0 0 0 1 371 283 824 1,097 2,691 1,226 IDA 0 0 0 0 0 0 0 0 0 0 PRINCIPAL REPAYMENTS ... 7,942 994 1,438 2,181 3,169 2,422 1,158 4,059 Public and publicly guaranteed ... 7,942 994 1,438 2,181 3,169 2,422 1,158 3,634 Official creditors 239 184 222 279 917 468 373 1,193 Multilateral 7 33 157 193 434 291 68 129 Concessional 0 0 0 0 0 0 0 0 Bilateral 232 151 66 86 483 177 305 1,065 Concessional 0 0 0 0 0 0 0 73 Private creditors 7,703 810 1,216 1,902 2,252 1,954 785 2,441 Bonds 0 0 0 34 810 979 0 69 Commnercial banks 4,092 185 489 7 1 5 1 30 29 270 Other private 3,611 625 726 1,797 1,390 944 756 2,102 Private nonguaranteed ...0 0 0 0 0 0 0 426 Bonds 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 426 Memo: IBRD 0 0 0 0 0 0 0 0 0 66 IDA 0 0 0 0 0 0 0 0 0 0 NET FLOWS ON DEBT ... 9,037 10,856 2,900 107 -908 3,519 7,629 16,997 Public and publicly guaranteed ..9,037 10,856 2,900 107 -908 3,519 5,724 10,536 Official creditors 3,474 1,521 845 439 42 3,570 2,645 711 Multilateral 194 148 763 199 421 896 2,680 1,164 Concessional 0 0 0 0 0 0 0 0 Bilateral 3,280 1,373 83 240 -379 2,674 -35 -454 Concessional 0 0 0 0 0 0 0 -73 Private creditors 5,562 9,335 2,055 -332 -950 -51 3,079 9,825 Bonds 310 0 0 -34 -810 2 1 3,555 11,260 Commrercial banks -3,608 2,249 -386 -68 -31 -24 -27 -264 Other private 8,860 7,086 2,440 -229 -109 -47 -449 -1,171 Private nonguaranteed ...0 0 0 0 0 0 1,905 6,461 Bonds 0 0 0 0 0 0 1,905 278 Commercial banks 0 0 0 0 0 0 0 6,183 Memo: IBRD 0 0 0 1 371 283 824 1,097 2,691 1,160 IDA 0 0 0 0 0 0 0 0 0 0 460 RUSSIAN FEDERATION (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 INTEREST PAYMENTS (LINT) 2,642 356 655 1,085 2,451 3,609 4,444 5,070 Public and publicly guaranteed 2,642 356 655 1,085 2,451 3,609 4,444 3,477 Official creditors 113 58 63 379 1,232 2,056 2,708 1,785 Multilateral .. 17 7 40 101 133 153 200 332 Concessional 0 0 0 0 0 0 0 0 Bilateral ..95 51 23 278 1,099 1,903 2,508 1,453 Concessional 0 0 0 13 59 84 100 105 Private creditors 2,530 298 592 706 1,220 1,553 1,736 1,692 Bonds 96 132 118 121 140 58 216 670 Commrercial banks .. 1,441 131 317 1 600 1,156 1,250 790 Other private 993 36 158 583 479 339 269 233 Private nonguaranteed 0 0 0 0 0 0 0 1,593 Bonds 0 0 0 0 0 0 0 129 Comimercial banks 0 0 0 0 0 0 0 1,464 Memo: IBRD 0 0 0 0 12 38 57 121 178 316 IDA 0 0 0 0 0 0 0 0 0 0 NET TRANSFERS ON DEBT 6,395 10,500 2,245 -977 -3,359 -90 3,185 11,927 Public and publicly guaranteed 6,395 10,500 2,245 -977 -3,359 -90 1,280 7,059 Official creditors 3,362 1,463 782 60 -1,189 1,514 -63 -1,075 Multilateral ..177 141 723 98 289 743 2,480 832 Concessional 0 0 0 0 0 0 0 0 Bilateral 3,185 1,322 59 -38 -1,478 772 -2,543 -1,907 Concessional 0 0 0 -13 -59 -84 -100 -178 Private creditors 3,033 9,036 1,463 -1,038 -2,170 -1,604 1,343 8,133 Bonds 214 -132 -118 -155 -951 -38 3,339 10,590 Commercial banks -5,049 2,118 -702 -70 -631 -1,180 -1,277 -1,054 Other private 7,867 7,050 2,283 -813 -589 -387 -719 -1,403 Private nonguaranteed 0 0 0 0 0 0 1,905 4,868 Bonds 0 0 0 0 0 0 1,905 149 Commnercial banks 0 0 0 0 0 0 0 4,719 Memo: IBRD 0 0 0 1 360 245 767 976 2,513 844 IDA 0 0 0 0 0 0 0 0 0 0 DEBT SERVICE (LTDS) 10,584 1,349 2,093 3,266 5,620 6,031 5,602 9,129 Public and publicly guaranteed 10,584 1,349 2,093 3,266 5,620 6,031 5,602 7,111 Official creditors 351 242 285 657 2,149 2,524 3,082 2,978 Multilateral 24 40 196 293 567 444 268 461 Concessional 0 0 0 0 0 0 0 0 Bilateral 327 202 89 364 1,582 2,080 2,813 2,517 Concessional 0 0 0 13 59 84 100 178 Private creditors 10,233 1,108 1,808 2,608 3,472 3,507 2,520 4,132 Bonds 96 132 118 155 951 1,038 216 739 Commercial banks 5,533 316 806 73 652 1,186 1,279 1,060 Other private 4,604 661 884 2,380 1,870 1,284 1,025 2,334 Private nonguaranteed 0 0 0 0 0 0 0 2,019 Bonds 0 0 0 0 0 0 0 129 Comimercial banks ..0 0 0 0 0 0 0 1,889 Memo: IBRD 0 0 0 0 12 38 57 121 178 382 IDA 0 0 0 0 0 0 0 0 0 0 UNDISBURSED DEBT 1,301 6,793 7,478 8,411 9,371 8,245 7,142 6,260 Official creditors 62 2,454 2,485 3,495 4,814 4,845 5,096 5,416 Private creditors 1,240 4,339 4,993 4,917 4,557 3,400 2,046 844 Memorandum items Concessional LDOD 0 1,019 2,146 2,456 2,541 2,451 2,311 2,300 Variable rate LDOD... 17,749 36,302 48,837 49,242 49,844 51,520 66,983 92,351 Public sector LDOD... 47,997 64,255 100,972 107,397 100,360 100,259 104,826 119,314 Private sector LDOD ...0 0 0 0 0 0 1,905 26,560 6. CURRENCI'COMPOSIT-ION OF LONG-TERM- DEBT (PERCENT) Deutsche mark ... 34.1 39.6 24.5 28.3 35.1 38.9 29.8 30.5 French franc ... 6.1 4.4 1.6 1.2 1.5 1.9 0.5 0.5 Japanese yen ... 2.9 2.4 1.7 1.9 2.0 1.9 0.2 0.2 Pound sterling ... 2.3 1.2 0.6 0.4 0.4 0.4 0.1 0.1 Swiss franc ... 6.4 3.7 2.3 2.4 2.8 2.4 0.1 0.0 U.S.dollars ... 33.5 37.1 62.4 59.2 51.5 48.5 64.0 63.0 Multiple currency ... 0.0 0.0 0.4 0.6 1.5 2.5 4.8 5.0 Special drawing rights ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 All other currencies . 14.7 11.6 6.5 6.0 5.2 3.5 0.5 0.7 461 RUSSIAN FEDERATION (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 7. DEBT REsTRUJCTURINGS Total amount rescheduled ..0 0 14,498 8,339 7,166 7,367 34,656 5,270 Debt stock rescheduled 0 0 0 0 0 0 121 0 Principal rescheduled ..0 0 9,227 5,830 5,427 5,568 28,987 3,861 Official 0 0 274 342 2,069 2,338 3,718 2,855 Private 0 0 8,954 5,488 3,358 3,230 25,269 1,006 Interest rescheduled 0 0 4,334 2,186 1,122 1,006 5,263 525 Official 0 0 393 705 547 432 581 367 Private 0 0 3,941 1,481 575 574 4,682 158 Debt forgiven 0 0 0 0 0 0 0 0 Memo: interest forgiven 0 0 0 0 0 0 0 0 Debt stock reduction ...0 0 0 0 0 0 5 0 of which debt buyback 0 0 0 0 0 0 0 0 8. DEBT STOCK-FLOW RECONCILIATION Total change in debt stocks 5,875 10,584 33,375 9,726 -1,124 4,554 1,151 57,565 Net flows on debt -1,363 12,768 3,806 1,152 4,655 7,004 7,753 21,824 Net change in interest arrears 4,000 -406 -1,521 2,271 843 1,515 -4,644 1,916 Interest capitalized 0 0 4,334 2,186 1,122 1,006 5,263 525 Debt forgiveness or reduction 0 0 0 0 0 0 -5 0 Cross-currency valuation ... 4,408 -2,706 -2,058 4,889 3,716 -3,985 -4,460 2,837 Residual -1,170 927 28,814 -771 -11,460 -986 -2,757 30,462 9. AVERAGE TERMIS OF NEW COMMITMENTS ALL CREDITORS Interest (%) ... 8.3 6.3 4.3 6.6 7.0 7.6 7.9 9.8 Maturity (years) ... 20.9 7.6 7.4 13.0 14.2 9.8 12.7 14.7 Grace period (years) ... 6.0 1.9 2.1 4.0 4.5 4.4 6.8 13.4 Grant element (%) ... 8.5 11.5 18.0 15.8 15.9 11.4 12.2 -2.4 Official creditors Interest (%) ... 8.4 5.4 4.5 6.8 7.0 6.3 6.4 6.4 Maturity (years) ... 10.8 8.2 13.4 16.2 15.9 10.9 16.5 10.6 Grace period (years) ... 5.9 2.8 4.2 5.1 5.0 4.1 5.3 4.2 Grant element (%) ... 7.6 15.1 29.0 18.8 17.3 17.0 21.7 16.7 Private creditors Interest (%) ... 8.3 6.4 4.2 6.4 7.0 10.9 9.3 10.5 Maturity (years) ... 23.6 7.5 5.6 7.9 8.3 7.1 9.1 15.5 Grace period (years) ... 6.1 1.7 1.5 2.1 2.7 5.2 8.3 15.3 Grant element (%) ... 8.7 10.8 14.8 11.2 11.2 -2.3 3.2 -6.4 Memorandum items Conmmitments... 17,932 13,065 5,752 3,633 3,191 6,893 7,746 14,145 Official creditors ... 3,755 2,301 1,303 2,224 2,474 4,887 3,759 2,434 Private creditors... 14,177 10,764 4,449 1,409 717 2,007 3,988 11,711 10. CONTR.ACTUA.L OBLIGATIONS ON OUTSTANDING LONG-TERM%- DEBT 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 TOTAL Disbursements 2,785 1,286 1,277 331 219 135 97 66 39 24 Principal 7,168 16,516 7,420 7,864 9,476 8,615 10,767 5,674 7,517 6,529 Interest 8,072 8,144 8,011 8,017 7,543 7,033 6,364 5,757 5,251 4,796 Official creditors Disbursements 2,334 1,037 1,168 303 211 135 97 66 39 24 Principal 2,015 10,879 1,740 3,092 3.144 3,216 3,352 3,027 3,129 3,249 Interest 3,731 3,835 3,766 3,665 3,499 3,291 3,091 2,880 2,683 2,481 Bilateral creditors Disbursements 399 186 83 23 3 0 0 0 0 0 Principal 1,807 10,529 1,270 2,121 1,990 1,992 2,128 2,179 2,281 2,465 Interest 3,206 3,257 3,147 3,058 2,944 2,803 2,675 2,532 2,387 2,237 Multilateral creditors Disbursements 1,935 851 1,086 279 208 135 97 66 39 24 Principal 207 350 470 971 1,153 1,224 1,224 849 849 784 Interest 524 577 619 607 555 488 416 348 296 244 Private creditors Disbursements 451 249 109 28 8 0 0 0 0 0 Principal 5,153 5,637 5,680 4,772 6,332 5,399 7,415 2,647 4,388 3,279 Interest 4,341 4,310 4,245 4,352 4,044 3,742 3,273 2,878 2,568 2,316 Commercial banks Disbursements 0 0 0 0 0 0 0 0 0 0 Principal 25 19 19 307 607 604 1,102 1,540 1,933 3,236 Interest 1,213 1,397 1,572 2,010 1,989 1,950 1,908 1,835 1,731 1,601 Other private Disbursements 451 249 109 28 8 0 0 0 0 0 Principal 5,128 5,618 5,660 4,465 5,726 4,796 6,313 1,108 2,455 44 Interest 3,128 2,912 2,673 2,342 2,055 1,792 1,364 1,043 837 714 462 RWANDA (US mllon,unes oteris inicte) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 1. SUMIMARY DE-BT DA rA TOTAL DEBT STOCKS (EDT) 190 712 857 909 952 1,029 1,043 1,111 1,226 Long-term debt (LDOD) 2 150 665 790 838 905 970 985 994 1,120 Public and publicly guaranteed 2 150 665 790 838 905 970 985 994 1,120 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Use of IMF credit 3 14 0 12 12 13 26 24 40 56 Short-term debt 26 47 55 59 34 32 34 77 50 of which interest arrears on LDOD 0 2 6 1 0 16 1 8 20 29 1 6 Official creditors 0 2 6 10 15 1 8 20 29 15 Private creditors 0 0 0 0 0 0 0 0 0 Memo: principal arrears on LDOD 0 8 16 24 4 1 46 56 68 6 1 Official creditors 0 8 16 24 39 44 54 66 60 Private creditors 0 0 0 1 2 2 2 1 1 Memo: export credits 0 41 34 21 24 29 28 26 16 TOTAL DEBT FLOWS Disbursements 0 34 62 81 61 22 68 62 92 104 Long-term debt 0 27 62 8 1 61 22 54 62 72 88 IMFpurchases 0 6 0 0 0 0 14 0 2 1 1 6 Principal repayments 1 3 10 10 11 2 11 10 13 11 Long-term debt 0 3 9 10 1 1 2 1 1 9 10 9 IMFrepurchases I 0 1 0 0 0 0 1 2 2 Net flows on debt -1 36 55 73 50 -11 53 52 114 79 of which short-term debt 5 2 2 0 -31 -4 0 34 -14 Interest payments (INT) --5 11 12 10 3 9 7 10 9 Long-term debt 0 2 6 5 4 2 8 6 7 6 IMFcharges 0 0 0 0 0 0 0 1 1 2 Short-term debt ..3 5 6 6 1 1 1 2 2 Net transfers on debt -- 31 43 61 39 -14 44 45 104 69 Total debt service paid (TDS) 8 21 21 22 4 20 18 22 21 Long-term debt 0 4 1 5 1 5 1 5 3 20 1 5 17 1 5 IMF repurchases and charges 1 0 1 0 0 0 0 2 3 4 Short-termn debt (interest only) ..3 5 6 6 1 1 1 2 2 2. AGGREGATE NET RESOURCE FLOWIS AND NET TRANISFERS tLONG-TERNI NET RESOURCE FLOWS 10 109 206 262 269 618 609 389 189 285 Net flow of long-termndebt (ex. IMF) 0 25 53 7 1 50 20 43 53 62 79 Foreign direct investment (net) 0 16 8 2 6 1 1 2 3 7 Portfolio equity flows 0 0 0 0 0 0 0 0 0 0 Grants (excluding technical coop.) 10 68 145 190 214 597 566 333 124 199 Memo: technical coop. grants 12 55 92 94 88 107 97 91 58 61 official net resource flows 10 95 200 261 263 617 608 387 186 278 private net resource flows 0 14 6 1 6 1 1 2 3 7 NET TRANSFERS 10 98 194 254 261 615 601 382 182 280 Interest on long-termn debt 0 2 6 5 4 2 8 6 7 6 Profit remittances ornFDI 0 9 6 3 4 2 0 0 0 0 Memo: official net transfers 10 93 194 256 259 616 600 380 179 273 private net transfers 0 4 0 -2 2 -1 1 2 3 7 3. NAJOR ECONOMIC AGGREGATES Gross national product (GNP) 220 1,165 2,572 2,037 1,941 750 1,291 1,392 1,849 2,017 Exports of goods & services (XGS) .. 184 150 105 108 42 99 89 158 123 of which workers remittances ..1 1 0 3 ...5 2 imports of goods & services (MGS) .. 335 380 371 422 624 391 387 501 499 intemnational reserves (RES) 8 187 44 79 47 5 1 99 107 153 169 Current account balance .. -48 -86 -83 -129 -60 57 -8 -62 -143 4. DEBT INDICATORSi EDT /XGS (%) .. 103.4 474.8 819.1 842.4 2,257.4 1,040.9 1,177.0 704.7 999.5 EDT /GNP(% . 16.3 27.7 42.1 46.8 127.0 79.6 74.9 60.1 60.8 TDS / XGS (% . 4.1 14.0 20.3 19.9 10.0 20.4 19.9 14.0 16.9 INT /XGS(% . 2.7 7.5 11.1 9.6 6.4 9.0 8.4 6.0 7.7 INT /GNP(% . 0.4 0.4 0.6 0.5 0.4 0.7 0.5 0.5 0.5 RES /EDT(% 98.3 6.2 9.2 5.2 5.4 9.6 10.2 13.8 13.8 RES /MGS (months) .. 6.7 1.4 2.6 1.4 1.0 3.0 3.3 3.7 4.1 Short-termn/ EDT (%) .. 13.7 6.6 6.4 6.5 3.5 3.1 3.3 6.9 4.1 Concessional /EDT (% . 74.5 92.6 91.8 91.9 94.9 93.5 93.6 88.7 90.9 Multilateral / EDT (%) .. 47.8 76.2 75.6 75.7 79.2 78.9 79.9 76.5 78.2 463 RWANDA (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 5. LONG-TERNI DEBT DEBT OUTSTANDING (LDOD) 2 150 665 790 838 905 970 985 994 1,120 Public and publicly guaranteed 2 150 665 790 838 905 970 985 994 1,120 Official creditors 2 143 661 788 836 904 968 983 992 1,118 Multilateral 0 91 542 648 688 754 811 834 850 959 Concessional 0 91 541 648 688 754 811 833 850 959 Bilateral 1 52 119 140 148 150 157 149 142 159 Concessional 1 5 1 118 139 147 149 150 143 136 155 Private creditors 0 8 4 2 1 2 2 2 1 1 Bonds 0 0 0 0 0 0 0 0 0 0 Comimercial banks 0 0 0 0 0 0 0 0 0 0 Other private 0 8 4 2 1 2 2 2 1 1 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 0 0 Memo: IBRD 0 0 0 0 0 0 0 0 0 0 IDA 0 58 340 408 446 474 512 536 558 639 DISBURSEMENTS 0 27 62 81 61 22 54 62 72 88 Public and publicly guaranteed 0 27 62 81 61 22 54 62 72 88 Official creditors 0 27 62 8 1 61 22 54 62 72 88 Multilateral 0 21 37 63 49 20 54 62 67 88 Concessional 0 20 37 63 49 20 54 62 67 88 Bilateral 0 7 26 17 1 1 2 0 0 5 0 Concessional 0 7 25 17 1 1 2 0 0 3 0 Private creditors 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Cormmercial banks 0 0 0 0 0 0 0 0 0 0 Other private 0 0 0 0 0 0 0 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Coimnercial banks 0 0 0 0 0 0 0 0 0 0 Memo: IBRD 0 0 0 0 0 0 0 0 0 0 IDA 0 10 22 32 39 12 35 43 53 67 PRINCIPAL REPAYMENTS 0 3 9 10 11 2 11 9 10 9 Public and publicly guaranteed 0 3 9 10 11 2 11 9 10 9 Official creditors 0 0 7 9 1 1 2 1 1 9 10 9 Multilateral 0 0 5 6 10 2 1 1 8 9 7 Concessional 0 0 5 5 10 2 1 1 7 8 7 Bilateral 0 0 2 3 1 0 0 2 2 2 Concessional 0 0 2 3 1 0 0 1 1 1 Private creditors 0 2 2 1 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Comimercial banks 0 0 0 0 0 0 0 0 0 0 Other private 0 2 2 1 0 0 0 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commnercial banks 0 0 0 0 0 0 0 0 0 0 Memo: IBRD 0 0 0 0 0 0 0 0 0 0 IDA 0 0 1 2 3 1 6 5 5 5 NET FLOWS ON DEBT 0 25 53 71 50 20 43 53 62 79 Public and publicly guaranteed 0 25 53 71 50 20 43 53 62 79 Official creditors 0 27 55 72 50 20 43 53 62 79 Multilateral 0 20 32 58 39 19 43 55 59 8 1 Concessional 0 20 32 58 39 19 43 55 59 8 1 Bilateral 0 7 23 14 10 2 0 -2 3 -2 Concessional 0 7 22 14 10 2 0 -1 2 -1 Private creditors 0 -2 -2 -1 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 0 0 Other private 0 -2 -2 -1 0 0 0 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 0 0 Memo: IBRD 0 0 0 0 0 0 0 0 0 0 IDA 0 10 21 30 37 1 1 29 38 48 62 464 RWANDA (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 INTEREST PAYMENTS (LINT) 0 2 6 5 4 2 8 6 7 6 Public and publicly guaranteed 0 2 6 5 4 2 8 6 7 6 Officialicreditors 0 1 6 5 4 2 8 6 7 6 Multilateral 0 1 4 4 4 2 8 6 7 6 Concessional 0 1 4 4 4 2 8 6 7 6 Bilateral 0 1 2 1 0 0 0 0 0 0 Concessional 0 0 1 1 0 0 0 0 0 0 Private creditors 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 0 0 Other private 0 0 0 0 0 0 0 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commiercial banks 0 '0 0 0 0 0 0 0 0 0 Memo: IBRD 0 0 0 0 0 0 0 0 0 0 IDA 0 0 2 3 3 1 7 4 5 4 NET TRANSFERS ON DEBT 0 23 47 66 45 19 34 47 55 73 Public and publicly guaranteed 0 23 47 66 45 19 34 47 55 73 Official creditors 0 26 49 67 45 19 34 47 55 73 Multilateral 0 20 28 53 35 17 35 49 52 75 Concessional 0 19 28 53 35 17 35 49 52 75 Bilateral 0 6 22 14 10 2 0 -2 3 -2 Concessional 0 6 21 14 10 2 0 -1 2 -1 Private creditors 0 -3 -2 -1 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commiercial banks 0 0 0 0 0 0 0 0 0 0 Other private 0 -3 -2 -1 0 0 0 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Comimercial banks 0 0 0 0 0 0 0 0 0 0 Memo: IBRD 0 0 0 0 0 0 0 0 0 0 IDA 0 10 18 27 33 11 22 35 43 58 DEBT SERVICE (LTDS) 0 4 15 15 15 3 20 15 17 15 Public and publicly guaranteed 0 4 15 15 15 3 20 15 17 15 Official creditors 0 2 1 3 14 1 5 3 20 15 17 1 5 Multilateral 0 1 9 10 1 5 3 20 14 1 5 13 Concessional 0 1 9 10 15 3 19 1 3 15 13 Bilateral 0 1 4 4 1 0 0 2 2 2 Concessional 0 0 4 4 1 0 0 1 1 1 Private creditors 0 3 2 1 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 0 0 Other private 0 3 2 1 0 0 0 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 0 0 Memo: IBRD 0 0 0 0 0 0 0 0 0 0 IDA 0 1 3 5 6 1 12 8 10 9 UNDISBURSED DEBT 10 110 467 513 498 452 408 297 254 231 Official creditors 10 110 460 507 498 452 408 297 254 231 Private creditors 0 0 6 7 0 0 0 0 0 0 Memorandum items Concessional LDOD 2 141 659 787 835 903 961 977 985 1,114 Variable rate LDOD 0 0 0 0 0 0 0 0 0 0 Public sector LDOD 2 150 665 790 838 905 970 985 994 1,120 Private sector LDOD 0 0 0 0 0 0 0 0 0 0 6. CIJRRENCY COMPOSITION OF LONG-TE.RM% DEBT iPERCENT) Deutsche mark 46.2 0.7 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 French franc 0.0 7.3 3.9 6.3 5.8 5.7 7.6 8.1 7.5 5.8 Japanese yen 0.0 4.5 1.5 1.3 1.4 1.4 1.3 1.1 1.0 0.6 Pound sterling 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Swiss franc 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 U.S.dollars 10.3 48.0 38.6 43.8 45.9 45.1 45.8 47.9 50.8 55.3 Multiple currency 0.0 5.9 14.9 13.2 12.4 12.1 11.3 11.4 10.5 9.6 Special drawing rights 0.0 0.0 6.2 5.0 4.6 4.5 4.2 4.0 3.8 3.5 All other cur-rencies 43.5 33.6 34.9 30.4 29.9 31.2 29.8 27.5 26.4 25.2 465 RWANDA (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 7. DEBT RESTRLICTITRINGS Total amount rescheduled ..0 0 0 0 6 0 0 33 Debt stock rescheduled 0 0 0 0 0 0 0 0 Principal rescheduled 0 0 0 0 5 0 0 17 Official ..0 0 0 0 5 0 0 17 Private 0 0 0 0 0 0 0 0 interest rescheduled 0 0 0 0 2 0 0 1 5 Official ..0 0 0 0 2 0 0 15 Private 0 0 0 0 0 0 0 0 Debt forgiven 0 0 0 0 0 0 0 1 Memo: interest forgiven 0 0 0 0 0 0 0 1 Debt stock reduction 0 0 0 0 0 0 0 0 of which debt buyback ..0 0 0 0 0 0 0 0 S. DEBT STOCK-FLOW RECONCILIATION Total change in debt stocks 88 47 52 43 77 15 68 115 Net flows on debt -1 36 55 73 50 -11 53 52 114 79 Net change in interest arrears ...0 3 4 6 2 2 9 -13 Interest capitalized ...0 0 0 0 2 0 0 15 Debt forgiveness or reduction ...0 0 0 0 0 0 0 -1 Cross-currency valuation ... 22 -15 -5 22 15 -16 -28 17 Residual ... 12 -13 4 27 6 -24 -27 18 9. AVERAGE TERMS OF NEW~ COMMITMENTS ALL CREDITORS Interest (%) 0.8 1.5 1.4 1.1 0.6 0.0 0.7 0.8 0.4 0.5 Maturity (years) 50.0 39.4 33.9 42.1 38.3 0.0 39.7 39.6 41.0 42.7 Grace period (years) 10.5 8.7 9.0 9.5 10.1 0.0 10.3 10.1 10.4 10.2 Grant element (%) 83.4 70.1 71.3 76.3 80.0 0.0 80.6 80.4 83.8 83.7 Official creditors Interest (%) 0.8 1.5 1.4 1.1 0.6 0.0 0.7 0.8 0.4 0.5 Maturity (years) 50.0 39.4 33.9 42.1 38.3 0.0 39.7 39.6 41.0 42.7 Grace period (years) 10.5 8.7 9.0 9.5 10.1 0.0 10.3 10.1 10.4 10.2 Grant element (%) 83.4 70.1 71.3 76.3 80.0 0.0 80.6 80.4 83.8 83.7 Private creditors Intterest (%) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Maturity (years) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Grace period (years) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Grant element (%) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memorandum items Conim-itments 9 48 72 56 61 0 50 5 57 76 Official creditors 9 48 72 56 61 0 50 5 57 76 Private creditors 0 0 0 0 0 0 0 0 0 0 10. CONTRACTUAL OBLIGAT IONS ON OLrTST NNDING ONG-TERNI DEBT 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 TOTAL Disbursements 35 37 24 17 12 8 5 0 0 0 Principal 23 24 26 29 31 31 32 31 31 33 Interest 9 9 9 10 9 9 9 8 8 8 Official creditors Disbursements 35 37 24 17 12 8 5 0 0 0 Principal 23 24 26 29 3 1 3 1 32 3 1 3 1 33 Interest 9 9 9 10 9 9 9 8 8 8 Bilateral creditors Disbursements 0 0 0 0 0 0 0 0 0 0 Principal 6 6 7 8 8 8 7 5 5 4 Interest 1 1 2 2 2 2 2 2 1 1 Multilateral creditors Disbursements 35 37 24 17 12 8 5 0 0 0 Principal 16 18 20 21 23 24 25 26 26 28 Interest 8 8 8 7 7 7 7 7 6 6 Private creditors Disbursements 0 0 0 0 0 0 0 0 0 0 Principal 0 0 0 0 0 0 0 0 0 0 Interest 0 0 0 0 0 0 0 0 0 0 Commercial banks Disbursements 0 0 0 0 0 0 0 0 0 0 Principal 0 0 0 0 0 0 0 0 0 0 Interest 0 0 0 0 0 0 0 0 0 0 Other private Disbursements 0 0 0 0 0 0 0 0 0 0 Principal 0 0 0. 0 0 0 0 0 0 0 Interest 0 0 0 0 0 0 0 0 0 0 466 SAMOA (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 I. SUMNIARV DEBT DATrA- TOTAL DEBT STOCKS (EDT) .. 60.2 92.0 117.9 193.8 156.9 170.4 166.9 156.4 180.1 Long-term debt (LDOD) 2.7 53.4 91.0 117.8 140.4 156.7 168.1 162.8 148.3 154.3 Public and publicly guaranteed 2.7 53.4 91.0 117.8 140.4 156.7 168.1 162.8 148.3 154.3 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Use of IMF credit 0.0 5.8 0.8 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Short-term debt .. 1.0 0.1 0.1 53.4 0.2 2.3 4.1 8.0 25.8 of which interest arrears on LDOD .. 0.0 0.0 0.0 0.1 0.0 0.0 0.0 0.0 0.0 Official creditors .. 0.0 0.0 0.0 0.1 0.0 0.0 0.0 0.0 0.0 Private creditors .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: principal arrears on LDOD .. 0.0 0.0 0.0 0.2 0.0 0.0 0.0 0.0 0.0 Official creditors .. 0.0 0.0 0.0 0.2 0.0 0.0 0.0 0.0 0.0 Private creditors .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: export credits .. 0.0 2.0 1.0 0.0 0.0 0.0 0.0 0.0 8.0 TOTAL DEBT FLOWS Disbursements 2.4 11.2 15.3 12.2 24.0 11.8 12.7 3.7 2.7 3.2 Long-term debt 2.4 10.5 15.3 12.2 24.0 11.8 12.7 3.7 2.7 3.2 IEA purchases 0.0 0.7 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal repayments 0.1 2.8 4.1 3.5 2.8 3.7 3.0 3.1 3.2 2.8 Long-term debt 0.1 2.3 3.3 3.3 2.8 3.7 3.0 3.1 3.2 2.8 IEA repurchases 0.0 0.5 0.9 0.2 0.0 0.0 0.0 0.0 0.0 0.0 Net floiis on debt 2.3 9.4 11.3 .18.2 74.3 .45.0 11.9 2.4 3.4 18.2 of which short-term debt .. 1.0 0.1 -26.9 53.1 -53.1 2.1 1.8 3.9 17.8 Interest payments (INT) .. 2.7 1.3 1.3 2.6 2.8 1.7 1.9 1.8 2.3 Long-term debt 0.0 2.3 1.2 1.3 1.3 1.4 1.6 1.6 1.5 1.4 vIMP charges 0.0 0.2 0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Short-term debt .. 0.2 0.0 0.0 1.3 1.3 0.1 0.3 0.3 0.8 Net transfers on debt .. 6.7 10.0 -19.5 71.7 -47.7 10.2 0.5 1.6 .15.9 Total debt service paid (TDS) .. 5.5 5.5 4.8 5.4 6.4 4.6 5.0 5.0 5.0 Long-term debt 0.1 4.6 4.5 4.6 4.1 5.1 4.6 4.7 4.7 4.2 IMErepurchases and charges 0.0 0.7 1.0 0.2 0.0 0.0 0.0 0.0 0.0 0.0 Short-termn debt (interest only) .. 0.2 0.0 0.0 1.3 1.3 0.1 0.3 0.3 0.8 2..AGGREGATE NET RESOUfRCE FLOVS. AND NET TRA%NSFERS LONG-TERIMl NET RESOURCE FLOWS 2.3 17.0 39.3 35.7 48.2 36.8 33.6 17.6 11.1 15.3 Net flow of long-termndebt (ex. IMF 2.3 8.2 12.1 8.9 21.2 8.1 9.8 0.6 -0.5 0.4 Foreign direct investment (net) 0.0 0.0 7.0 5.0 5.0 3.0 3.0 4.0 4.0 3.0 Portfolio equity flows 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Grants (excluding technical coop.) 0.0 8.8 20.2 21.7 22.0 25.7 20.8 13.0 7.6 11.9 Memo: technical coop. grants 0.9 9.8 13.9 17.1 16.7 17.4 16.9 20.2 21.0 19.5 official net resource flows 2.4 18.8 32.3 31.1 43.5 34.4 30.6 13.6 7.1 12.3 private net resource flows -0. 1 -1.8 7.0 4.6 4.7 2.4 3.0 4.0 4.0 3.0 NET TRANSFERS 2.3 14.7 38.1 34.4 46.9 35.4 32.0 16.0 9.6 13.9 Interest on long-term debt 0.0 2.3 1.2 1.3 1.3 1.4 1.6 1.6 1.5 1.4 Profit remittances on FDI 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: official net transfers 2.4 17.4 31.2 29.9 42.2 33.0 29.0 12.0 5.6 10.9 private net transfers -0. 1 -2.7 6.9 4.5 4.7 2.4 3.0 4.0 4.0 3.0 3. NIA.JOR ECONOMIIC AGGREGATES Gross national product (GNP) ... 150.9 151.5 154.6 173.2 196.0 176.3 192.9 176.5 Exports of goods &services (XGS) .. 44.4 93.9 87.7 77.8 87.2 108.3 123.4 129.9 128.7 of which workers remittances .. 18.7 42.8 39.1 31.3 36.5 39.2 42.7 44.9 40.1 Imports of goods &services (MGS) .. 74.3 96.3 135.9 130.0 101.7 119.8 127.7 143.7 128.0 Intemnational reserves (RES) 5.2 2.8 69.0 61.2 50.7 50.8 55.3 60.8 64.2 61.4 Current account balance .. -12.9 8.6 -52.5 -37.7 5.8 9.3 12.3 9.1 20.0 4. DEBT INDICATORS EDT /XGS (% . 135.5 98.0 134.4 249.0 179.9 157.4 135.2 120.4 139.9 EDTI/GNP(% ... 61.0 77.8 125.4 90.6 86.9 94.7 81.1 102.1 TDS /XGS(% . 12.4 5.9 5.5 6.9 7.3 4.3 4.1 3.9 3.9 INT /XGS (% . 6.1 1.4 1.5 3.3 3.2 1.6 1.5 1.4 1.8 INT /GNP(% ... 0.9 0.9 1.7 1.6 0.9 1.1 0.9 1.3 RES / EDT ()- .. 4.6 75.1 51.9 26.2 32.4 32.5 36.4 41.1 34.1 RES / MGS (months) .. 0.5 8.6 5.4 4.7 6.0 5.5 5.7 5.4 5.8 Short-term /EDT (%) .. 1.7 0.1 0.1 27.6 0.1 1.4 2.5 5.1 14.3 Concessional /EDT (% . 56.2 90.4 93.7 68.7 95.5 94.7 94.0 91.8 83.3 Multilateral / EDT (%) .. 54.2 88.2 93.4 64.8 92.9 92.2 91.1 88.2 80.2 467 SAMOA (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 5. LONG-TERMI DEBT DEBT OUTSTANDING (LDOD) 2.7 53.4 91.0 117.8 140.4 156.7 168.1 162.8 148.3 154.3 Public and publicly guaranteed 2.7 53.4 91.0 117.8 140.4 156.7 168.1 162.8 148.3 154.3 Official creditors 2.4 45.1 89.6 117.0 139.9 156.7 168.1 162.8 148.3 154.3 Multilateral 2.4 32.6 81.1 110.1 125.6 145.8 157.1 152.1 138.0 144.4 Concessional 2.4 32.6 76.5 104.2 119.1 138.9 150.3 146.2 133.3 140.0 Bilateral 0.0 12.5 8.5 6.9 14.2 11.0 11.0 10.7 10.3 10.0 Concessional 0.0 1.2 6.7 6.3 14.0 11.0 11.0 10.7 10.3 10.0 Private creditors 0.3 8.3 1.4 0.8 0.6 0.0 0.0 0.0 0.0 0.0 Bonds 0.0 4.5 1.4 0.8 0.6 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 1.9 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Other private 0.3 1.9 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 0.0 6.3 18.3 31.8 40.2 43.3 44.7 43.2 41.8 45.3 DISBURSEMENTS 2.4 10.5 15.3 12.2 24.0 11.8 12.7 3.7 2.7 3.2 Public and publicly guaranteed 2.4 10.5 15.3 12.2 24.0 11.8 12.7 3.7 2.7 3.2 Official creditors 2.4 10.5 15.3 12.2 24.0 11.8 12.7 3.7 2.7 3.2 Multilateral 2.4 10.5 15.0 12.2 15.9 11.6 12.6 3.6 2.6 3.2 Concessional 2.4 10.5 14.7 11.7 14.7 11.5 12.5 3.6 2.6 3.2 Bilateral 0.0 0.0 0.4 0.0 8.1 0.2 0.2 0.0 0.0 0.0 Concessional 0.0 0.0 0.4 0.0 8.1 0.2 0.2 0.0 0.0 0.0 Private creditors 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Other private 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Comimercial banks 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 0.0 2.0 3.5 7.4 8.6 1.7 0.7 0.0 0.8 2.5 PRINCIPAL REPAYMENTS 0.1 2.3 3.3 3.3 2.8 3.7 3.0 3.1 3.2 2.8 Public and publicly guaranteed 0.1 2.3 3.3 3.3 2.8 3.7 3.0 3.1 3.2 2.8 Official creditors 0.0 0.5 3.3 2.8 2.5 3.1 3.0 3.1 3.2 2.8 Multilateral 0.0 0.3 2.2 2.0 1.7 2.6 2.6 2.8 2.9 2.5 Concessional 0.0 0.3 2.0 1.7 1.7 1.8 2.1 2.2 2.3 1.9 Bilateral 0.0 0.1 1.0 0.8 0.7 0.5 0.3 0.3 0.3 0.3 Concessional 0.0 0.0 0.0 0.3 0.3 0.3 0.3 0.3 0.3 0.3 Private creditors 0.1 1.8 0.0 0.4 0.3 0.6 0.0 0.0 0.0 0.0 Bonds 0.0 0.0 0.0 0.4 0.3 0.6 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.6 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Other private 0.1 1.2 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 P'rivate nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Comimercial banks 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 0.0 0.0 0.1 0.1 0.1 0.1 0.2 0.3 0.3 0.3 NET FLOWS ON DEBT 2.3 8.2 12.1 8.9 21.2 8.1 9.8 0.6 -0.5 0.4 Public and publicly guaranteed 2.3 8.2 12.1 8.9 21.2 8.1 9.8 0.6 -0.5 0.4 Official creditors 2.4 10.0 12.1 9.4 21.5 8.7 9.8 0.6 -0.5 0.4 Multilateral 2.4 10.2 12.8 10.2 14.1 9.0 9.9 0.9 -0.2 0.7 Concessional 2.4 10.2 12.7 9.9 12.9 9.7 10.4 1.4 0.4 1.3 Bilateral 0.0 -0. 1 -0.7 -0.8 7.4 -0.3 -0. 1 -0.3 -0.3 -0.3 Concessional 0.0 0.0 0.3 -0.3 7.8 -0. 1 -0. 1 -0.3 -0.3 -0.3 Private creditors -0. 1 -1.8 0.0 -0.4 -0.3 -0.6 0.0 0.0 0.0 0.0 Bonds 0.0 0.0 0.0 -0.4 -0.3 -0.6 0.0 0.0 0.0 0.0 Commercial banks 0.0 -0.6 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Other private -0. 1 -1.2 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 0.0 2.0 3.4 7.3 8.5 1.6 0.5 -0.3 0.5 2.2 468 SAMOA (US mllon unes ohewis idiatd) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 INTEREST PAYMENTS (LINT) 0.0 2.3 1.2 1.3 1.3 1.4 1.6 1.6 151.4 Public and publicly guaranteed 0.0 2.3 1.2 1.3 1.3 1.4 1.6 1.6 1.5 1.4 Officialicreditors 0.0 1.4 1.1 1.2 1.3 1.4 1.6 1.6 1.5 1.4 Multilateral 0.0 0.3 0.7 1.0 1.1 1.3 1.5 1.6 1.4 1.3 Concessional 0.0 0.3 0.7 0.9 1.1 1.2 1.3 1.4 1.3 1.2 Bilateral 0.0 1.1 0.4 0.2 0.2 0.1 0.1 0.1 0.1 0.1 Concessional 0.0 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 Private creditors 0.0 0.9 0.1 0.1 0. 0.0 0.0 0.0 0.0 0.0 Bonds 0.0 0.3 0.1 0.1 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.4 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Other private 0.0 0.2 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 0.0 0.0 0.1 0.2 0.3 0.3 0.3 0.3 0.3 0.3 NET TRANSFERS ON DEBT 2.3 5.9 10.9 7.6 19.9 6.7 8.2 -1.1 -2.0 -1.0 Public and publicly guaranteed 2.3 5.9 10.9 7.6 19.9 6.7 8.2 -1.1 -2.0 -1.0 Official creditors 2.4 8.6 11.0 8.1 20.2 7.3 8.2 -1.1 -2.0 -1.0 Multilateral 2.4 9.9 12.0 9.1 13.0 7.7 8.4 -0.7 -1.7 -0.6 Concessional 2.4 9.9 12.0 9.0 11.9 8.5 9.1 0.0 -1.0 0.1 Bilateral 0.0 -1.3 -1.1 -1.0 7.2 -0.4 -0.2 -0.4 -0.4 -0.4 Concessional 0.0 -0. 1 0.2 -0.4 7.7 -0.2 -0.2 -0.4 -0.4 -0.4 Private creditors -0. 1 -2.7 -0. 1 -0.5 -0.3 -0.6 0.0 0.0 0.0 0.0 Bonds 0.0 -0.3 -0. 1 -0.5 -0.3 -0.6 0.0 0.0 0.0 0.0 Commercial banks 0.0 -1.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Other private -0. 1 -1.4 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commnercial banks 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 EDA 0.0 2.0 3.3 7.1 8.3 1.3 0.2 -0.6 0.2 1.9 DEBT SERVICE (LTDS) 0.1 4.6 4.5 4.6 4.1 5.1 4.6 4.7 4.7 4.2 Public and publicly guaranteed 0.1 4.6 4.5 4.6 4.1 5.1 4.6 4.7 4.7 4.2 Official creditors 0.0 1.9 4.4 4.1 3.8 4.5 4.6 4.7 4.7 4.2 Multilateral 0.0 0.6 3.0 3.1 2.9 3.8 4.1 4.3 4.3 3.8 Concessional 0.0 0.6 2.7 2.7 2.8 3.0 3.4 3.6 3.6 3.1 Bilateral 0.0 1.3 1.4 1.0 0.9 0.6 0.4 0.4 0.4 0.4 Concessional 0.0 0.1 0.1 0.4 0.4 0.4 0.4 0.4 0.4 0.4 Private creditors 0.1 2.7 0.1 0.5 0.3 0.6 0.0 0.0 0.0 0.0 Bonds 0.0 0.3 0.1 0.5 0.3 0.6 0.0 0.0 0.0 0.0 Comimercial banks 0.0 1.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Other private 0.1 1.4 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: . . . .00 IBRD 0.0 0.0 0.0 0.0 0.0 00.0 0.0 0.0 0.0 IDA 0.0 0.0 0.2 0.3 0.4 0.4 0.50.0606 UNDISBURSED DEBT 0.3 24.9 56.7 35.4 25.8 14.9 10.9 8.9 5.9 2.4 Official creditors 0.3 24.9 56.7 35.4 25.8 14.9 10.9 8.9 5.9 2.4 Private creditors 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memorandum items Concessional LDOD 2.4 33.9 83.3 110.5 133.1 149.8 161.2 156.8 143.6 150.0 Variable rate LDOD 0.0 1.8 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Public sector LDOD 2.7 53.4 91.0 117.8 140.4 156.7 168.1 162.8 148.3 154.3 Private sector LDOD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 6. CUIRRENCY CONIPOSFTION OF LONG-TERM DEBT IPERCENT) Deutsche mark 0.0 12.0 1.8 0.5 0.1 0.0 0.u 0.0 U.0 U0. French franc 0.0 0.0 0.1 0.3 0.3 0.3 0.2 0.2 0.2 0.2 Japanese yen 0.0 0.6 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Pound sterling 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Swiss franc 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 U.S.dollars 100.0 53.7 38.6 39.0 38.6 37.2 34.8 34.2 34.9 3. Multiple currency 0.0 12.7 43.9 48.0 44.7 47.6 44.3 43.2 41.3 40.9 Special drawing rights 0.0 0.0 1.3 1.0 1.1 3.3 9.6 11.6 12.8 13.3 All other currencies 0.0 21.0 14.3 11.2 15.2 11.6 11.1 10.8 10.8 10.0 469 SAMOA (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 7. DEBT RESTRtUCTULRINGS Total amount rescheduled ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Debt stock rescheduled ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal rescheduled .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Official .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Interest rescheduled .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Official ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Debt forgiven ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: interest forgiven ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Debt stock reduction ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 of which debt buyback ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 S. DEBT STOCK-FLOWV RECONCILIATION Total change in debt stocks ... 18.3 -22.8 75.9 -36.9 13.4 -3.4 -10.6 23.7 Net flows on debt 2.3 9.4 11.3 -18.2 74.3 -45.0 11.9 2.4 3.4 18.2 Net change in interest ar-rears ... -0. 1 0.0 0.1 -0.1I 0.0 0.0 0.0 0.0 Interest capitalized ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Debt forgiveness or reduction ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Cross-currency valuation ... 0.8 -0.9 -0.6 -1.0 1.0 -0.9 -1.9 1.2 Residual ... 6.3 -3.7 2.1 9.2 0.6 -4.9 -12.1 4.3 9. AVERAGE TERN~IS OF NEW 'COI%UTl%ITENTS ALL CREDITORS Interest (%) 4.7 0.4 0.8 0.5 0.8 0.0 0.7 0.0 0.0 0.0 Maturity (years) 20.0 40.2 39.7 29.2 39.2 0.0 40.6 20.5 0.0 0.0 Grace period (years) 6.0 20.6 10.2 10.4 8.7 0.0 9.9 10.5 0.0 0.0 Grant element (%) 36.4 86.2 80.5 77.0 78.4 0.0 80.6 76.2 0.0 0.0 Official creditors Interest (%) 4.7 0.4 0.8 0.5 0.8 0.0 0.7 0.0 0.0 0.0 Maturity (years) 20.0 40.2 39.7 29.2 39.2 0.0 40.6 20.5 0.0 0.0 Grace period (years) 6.0 20.6 10.2 10.4 8.7 0.0 9.9 10.5 0.0 0.0 Grant element (%) 36.4 86.2 80.5 77.0 78.4 0.0 80.6 76.2 0.0 0.0 Private creditors Interest (%) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Maturity (years) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Grace period (years) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Grant element (%) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memoranduni items Commitmnents 0.6 12.2 15.3 13.2 12.0 0.0 9.2 2.0 0.0 0.0 Official creditors 0.6 12.2 15.3 13.2 12.0 0.0 9.2 2.0 0.0 0.0 Private creditors 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 10. CONTRACTUAL OBLIGATIONS ON OUfTSTA_N`DING LONG-TERMI DEBT 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 TOTAL Disbursements 0.5 0.6 0.4 0.3 0.2 0.1 0.1 0.1 0.1 0.0 Principal 3.5 4.5 4.8 4.7 5.0 5.0 5.1 5.3 5.4 5.5 Interest 1.4 1.4 1.3 1.3 1.2 1.2 1.1 1.1 1.0 1.0 Official creditors Disbursements 0.5 0.6 0.4 0.3 0.2 0.1 0.1 0.1 0.1 0.0 Principal 3.5 4.5 4.8 4.7 5.0 5.0 5.1 5.3 5.4 5.5 Interest 1.4 1.4 1.3 1.3 1.2 1.2 1.1 1.1 1.0 1.0 Bilateral creditors Disbursements 0.3 0.5 0.3 0.3 0.2 0.1 0.1 0.1 0.1 0.0 Principal 0.6 0.9 0.9 0.9 0.9 0.9 0.9 0.9 0.8 0.8 Interest 0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Multilateral creditors Disbursements 0.2 0.1 0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal 2.9 3.6 3.9 3.8 4.1 4.1 4.2 4.4 4.6 4.7 Interest 1.4 1.3 1.3 1.2 1.2 1.1 1.1 1.1 1.0 1.0 Private creditors Disbursements 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Interest 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks Disbursements 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Interest 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Other private Disbursements 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Interest 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 470 SAO TOME AND PRINCIJPE (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 I. SLNrM.I.R'I DEBT DATA TOTAL DEBT STOCKS (EDT) .. 23.5 150.0 189.2 209.3 222.0 245.2 229.7 232.4 245.8 Long-term debt (LDOD) .. 23.5 132.9 168.5 181.3 200.4 231.3 223.0 223.3 233.4 Public and publicly guaranteed .. 23.5 132.9 168.5 181.3 200.4 231.3 223.0 223.3 233.4 Private nonguaranteed .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Use of IMF credit 0.0 0.0 1.1 1.1 1.1 1.1 0.8 0.6 0.3 0.1 Short-term debt .. 0.0 16.0 19.6 26.8 20.5 13.0 6.1 8.8 12.2 of which interest arrears on LDOD .. 0.0 7.6 9.4 15.6 14.5 6.0 4.1 4.8 7.2 Official creditors .. 0.0 7.4 9.0 15.3 14.1 6.0 4.1 4.8 7.2 Private creditors .. 0.0 0.2 0.3 0.3 0.3 0.0 0.0 0.0 0.0 Memo: principal arrears on LDOD .. 0.0 21.4 28.8 34.1 39.1 27.2 19.5 17.4 26.1 Official creditors .. 0.0 20.4 27.7 32.9 38.0 27.2 19.5 17.4 26.1 Private creditors .. 0.0 1.0 1.1 1.1 1.1 0.0 0.0 0.0 0.0 Memo: export credits .. 0.0 18.0 1.0 0.0 0.0 17.0 18.0 58.0 45.0 TOTAL DEBT FLOWS Disbursements .. 9.9 15.6 24.2 14.6 14.5 14.1 11.2 5.0 6.3 Long-term debt .. 9.9 15.6 24.2 14.6 14.5 14.1 11.2 5.0 6.3 IMF purchases 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal repayments .. 0.9 1.1 1.3 0.8 1.3 1.0 1.5 1.9 2.1 Long-term debt .. 0.9 1.1 1.3 0.8 1.2 0.8 1.3 1.6 1.9 IMF repurchases 0.0 0.0 0.0 0.0 0.0 0.1 0.2 0.2 0.2 0.2 Net flows~ on debt .. 7.0 9.1 25.7 14.7 8.0 14.1 4.7 5.1 5.2 of which short-termndebt .. -2.0 -5.3 2.8 0.9 -5.2 1.0 -5.0 2.0 1.0 Interest payments (INT) .. 0.3 1.7 1.2 1.8 1.3 1.1 1.5 1.7 1.6 Long-terin debt .. 0.2 1.2 0.8 0.9 1.0 0.8 1.4 1.5 1.3 IMF charges 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Short-term debt .. 0.1 0.5 0.4 0.8 0.3 0.3 0.1 0.2 0.3 Net transfers on debt .. 6.7 7.4 24.5 12.9 6.7 13.0 3.2 3.4 3.6 Total debt service paid (TDS) .. 1.2 2.8 2.5 2.6 2.6 2.1 3.0 3.6 3.7 Long-termndebt .. 1.1 2.3 2.1 1.8 2.2 1.6 2.7 3.2 3.2 IME repurchases and charges 0.0 0.0 0.0 0.0 0.0 0.1 0.2 0.2 0.2 0.2 Short-term debt (interest only) .. 0.1 0.5 0.4 0.8 0.3 0.3 0.1 0.2 0.3 2. AGGREGArE NET RESOUIRCE FLOWS AND NET TRANSFER-S (LONG-TERNI) NET RESOURCE FLOWS .. 11.7 41.2 45.8 33.6 36.0 37.8 27.8 19.6 15.3 Net flow of long-termndebt (ex.M) .. 9.0 14.4 22.9 13.8 13.3 13.3 9.9 3.3 4.4 Foreign direct investment (net) .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Portfolio equity flows .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Grants (excluding technical coop.) .. 2.7 26.7 22.9 19.8 22.7 24.5 17.9 16.3 10.9 Memo: technical coop. grants .. 1.3 7.2 14.8 15.6 12.8 20.5 16.7 13.0 12.4 official net resource flows .. 11.7 41.3 45.8 33.6 36.0 37.8 27.8 19.6 15.3 private net resource flows .. 0.0 -0.1I 0.0 0.0 0.0 0.0 0.0 0.0 0.0 NET TRANSFERS .. 11.5 40.0 45.0 32.7 35.0 37.0 26.4 18.1 14.0 Interest on long-term debt .. 0.2 1.2 0.8 0.9 1.0 0.8 1.4 1.5 1.3 Profit remittances on FDI .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: official net transfers .. 11.5 40.2 45.0 32.7 35.0 37.0 26.4 18.1 14.0 private net transfers .. 0.0 -0.2 0.0 0.0 0.0 0.0 0.0 0.0 0.0 3. MAJOR ECONOMLIC AGGREGATEFS Gross national product (GNP) ... 44.9 40.5 42.1 44.1 40.0 40.2 39.1 35.9 Exports of goods &services (XGS) .. 23.3 8.2 10.0 10.2 11.5 9.2 10.4 12.1 11.6 of which workers remiittances .. 0.8 0.1...... Imports of goods & services (MGS) .. 22.0 22.4 21.8 22.8 22.2 24.4 22.3 22.0 16.4 Intemnational reserves (RES) . .. ... 5.1 5.0 12.4 9.7 Current account balance .. 0.7 -12.0...... 4. DEBT INDICATORS EDT/XGS (%) .. 100.8 1,820.4 1,899.3 2,042.3 1,937.3 2,679.1 2,211.0 1,914.3 2,122.1 EDT/GNP (%) ... 333.7 467.0 496.6 503.3 612.8 571.1 594.5 684.0 TDS/XGS (%) .. 5.2 34.0 25.1 25.4 22.7 22.9 28.9 29.7 31.9 INT /XGS(% . 1.3 20.6 12.1 17.6 11.3 12.0 14.4 14.0 13.8 INT /GNP(% ... 3.8 3.0 4.3 3.0 2.8 3.7 4.4 4.5 RES /EDT(% ......... 2.1 2.2 5.4 3.9 RES / MGS (months) ......... 2.5 2.7 6.8 7.1 Short-term /EDT (%) .. 0.0 10.7 10.4 12.8 9.2 5.3 2.7 3.8 5.0 Concessional /EDT (%) .. 83.8 71.8 76.2 75.2 79.5 90.1 95.0 94.3 93.5 Multilateral /EDT (%) .. 45.1 48.4 56.3 56.0 61.6 62.2 67.8 65.1 65.6 471 SAO TOME AND PRINCIPE (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 5. LONG-TERAM DEBT DEBT OUTSTANDING (LDOD) .. 23.5 132.9 168.5 181.3 200.4 231.3 223.0 223.3 233.4 Public and publicly guaranteed .. 23.5 132.9 168.5 181.3 200.4 231.3 223.0 223.3 233.4 Official creditors .. 23.1 131.7 167.4 180.2 199.3 231.3 223.0 223.3 233.4 Multilateral .. 10.6 72.6 106.5 117.2 136.7 152.6 155.8 151.3 161.2 Concessional .. 10.6 69.1 103.1 114.4 134.5 150.5 154.0 149.8 159.9 Bilateral .. 12.6 59.2 60.9 63.0 62.6 78.7 67.2 72.0 72.3 Concessional .. 9.1 38.6 41.0 43.0 41.9 70.4 64.2 69.3 69.9 Private creditors .. 0.3 1.1 1.1 1.1 1.1 0.0 0.0 0.0 0.0 Bonds .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Other private .. 0.3 1.1 1.1 1.1 1.1 0.0 0.0 0.0 0.0 Private nonguaranteed .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 0.0 0.0 23.9 33.6 38.3 46.9 53.6 59.5 57.4 61.3 DISBURSEMENTS .. 9.9 15.6 24.2 14.6 14.5 14.1 11.2 5.0 6.3 Public and publicly guaranteed .. 9.9 15.6 24.2 14.6 14.5 14.1 11.2 5.0 6.3 Official creditors .. 9.9 15.6 24.2 14.6 14.5 14.1 11.2 5.0 6.3 Multilateral .. 6.5 12.8 22.6 11.8 14.1 14.1 11.2 5.0 6.1 Concessional .. 6.5 11.7 22.6 11.8 14.0 14.0 11.2 5.0 6.1 Bilateral .. 3.4 2.7 1.6 2.8 0.4 0.0 0.0 0.0 0.2 Concessional .. 1.4 2.7 1.6 2.8 0.4 0.0 0.0 0.0 0.2 Private creditors .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Other private .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private nonguaranteed .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 0.0 0.0 5.4 5.5 4.6 6.5 5.6 8.0 1.5 1.9 PRINCIPAL REPAYMENTS .. 0.9 1.1 1.3 0.8 1.2 0.8 1.3 1.6 1.9 Public and publicly guaranteed .. 0.9 1.1 1.3 0.8 1.2 0.8 1.3 1.6 1.9 Official creditors .. 0.9 1.0 1.3 0.8 1.2 0.8 1.3 1.6 1.9 Multilateral .. 0.0 0.4 1.0 0.8 1.2 0.8 1.0 1.3 1.4 Concessional .. 0.0 0.4 0.7 0.3 0.4 0.5 0.7 1.2 1.1 Bilateral .. 0.9 0.6 0.3 0.0 0.0 0.0 0.3 0.3 0.6 Concessional .. 0.2 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.2 Private creditors .. 0.0 0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Other private .. 0.0 0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private nonguaranteed .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 0.0 0.0 0.0 0.0 0.0 0.0 0.1 0.1 0.2 0.2 NET FLOWS ON DEBT .. 9.0 14.4 22.9 13.8 13.3 13.3 9.9 3.3 4.4 Public and publicly guaranteed .. 9.0 14.4 22.9 13.8 13.3 13.3 9.9 3.3 4.4 Official creditors .. 9.0 14.6 22.9 13.8 13.3 13.3 9.9 3.3 4.4 Multilateral .. 6.5 12.4 21.7 11.0 12.9 13.3 10.2 3.7 4.7 Concessional .. 6.5 11.3 22.0 11.4 13.6 13.6 10.5 3.8 5.0 Bilateral .. 2.5 2.2 1.2 2.8 0.4 0.0 -0.3 -0.3 -0.3 Concessional .. 1.2 2.7 1.6 2.8 0.4 0.0 0.0 0.0 0.0 Private creditors .. 0.0 -0. 1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Other private .. 0.0 -0. 1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private nonguaranteed .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 0.0 0.0 5.4 5.5 4.6 6.5 5.6 7.9 1.3 1.7 472 SAO TOME AND PRINCIPE (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 INTEREST PAYMENTS (LINT) .. 0.2 1.2 0.8 0.9 1.0 0.8 1.4 1.5 1.3 Public and publicly guaranteed .. 0.2 1.2 0.8 0.9 1.0 0.8 1.4 1.5 1.3 Official creditors .. 0.2 1.1 0.8 0.9 1.0 0.8 1.4 1.5 1.3 Multilateral .. 0.0 0.3 0.7 0.8 0.9 0.6 1.2 1.0 1.1 Concessional .. 0.0 0.3 0.6 0.7 0.8 0.6 1.2 1.0 1.1 Bilateral .. 0.2 0.9 0.2 0.1 0.1 0.1 0.1 0.6 0.1 Concessional .. 0.0 0.1 0.1 0.1 0.1 0.1 0.1 0.6 0.1 Private creditors .. 0.0 0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Other private .. 0.0 0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private nonguaranteed .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: fIBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 0.0 0.0 0.1 0.2 0.3 0.3 0.3 0.5 0.4 0.4 NET TRANSFERS ON DEBT .. 8.8 13.2 22.1 12.8 12.3 12.5 8.5 1.8 3.1 Public and publicly guaranteed .. 8.8 13.2 22.1 12.8 12.3 12.5 8.5 1.8 3.1 Official creditors .. 8.8 13.4 22.1 12.8 12.3 12.5 8.5 1.8 3.1 Multilateral .. 6.5 12.1 21.0 10.2 12.0 12.7 9.0 2.7 3.6 Concessional .. 6.5 11.0 21.3 10.8 12.8 13.0 9.3 2.9 3.9 Bilateral .. 2.4 1.3 1.1 2.6 0.3 -0. 1 -0.5 -0.9 -0.5 Concessional .. 1.2 2.7 1.5 2.6 0.3 -0.1I -0. 1 -0.6 -0.1I Private creditors .. 0.0 -0.2 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commuercial banks .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Other private .. 0.0 -0.2 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private nonguaranteed .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commuercial banks .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 0.0 0.0 5.3 5.2 4.4 6.2 5.2 7.4 0.9 1.3 DEBT SERVICE (LTDS) .. 1.1 2.3 2.1 1.8 2.2 1.6 2.7 3.2 3.2 Public and publicly guaranteed .. 1.1 2.3 2.1 1.8 2.2 1.6 2.7 3.2 3.2 Official creditors .. 1.1 2.2 2.1 1.8 2.2 1.6 2.7 3.2 3.2 Multilateral .. 0.0 0.7 1.6 1.7 2.1 1.4 2.2 2.3 2.5 Concessional .. 0.0 0.7 1.3 1.0 1.2 1.0 1.9 2.1 2.3 Bilateral .. 1.1 1.4 0.5 0.1 0.1 0.1 0.5 0.9 0.7 Concessional .. 0.2 0.1 0.1 0.1 0.1 0.1 0.1 0.6 0.3 Private creditors .. 0.0 0.2 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Comnmercial banks .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Other private .. 0.0 0.2 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private nonguaranteed .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: I.BRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 0.0 0.0 0.1 0.2 0.3 0.3 0.4 0.5 0.6 0.7 UNDISBURSED DEBT .. 32.1 73.3 85.2 70.7 71.1 58.5 45.8 44.4 39.5 Official creditors .. 32.1 73.3 85.2 70.7 71.1 58.5 45.8 44.4 39.5 Private creditors .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memorandum items Concessional LDOD .. 19.6 107.6 144.1 157.5 176.4 220.9 218.2 219.1 229.8 Variable rate LDOD .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Public sector LDOD .. 23.5 132.9 168.5 181.3 200.4 231.3 223.0 223.3 233.4 Private sector LDOD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 6. CURRENCI'COMIPOSlTION OF LONG-TERMl DEBT iPERCENTi Deutsche mark .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 French franc .. 0.0 4.0 4.7 4.5 4.5 4.2 4.1 3.6 3.6 Japanese yen .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Pound sterling .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Swiss franc .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 U.S.dollars .. 63.1 39.3 35.7 35.2 35.6 40.0 39.8 44.3 43.5 Multiple currency .. 0.0 43.6 49.4 49.7 51.3 48.2 48.3 46.6 47.4 Special drawing rights .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 All other currencies .. 36.9 13.1 10.2 10.6 8.6 7.6 7.8 5.5 5.5 473 SAO TOME AND PRINCIPE (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996- 1997 1998 7. DEBT REST RUCTURINGS Total amount rescheduled ... 0.0 3.1 0.0 0.7 29.5 0.0 11.2 0.0 Debt stock rescheduled ... 0.0 0.0 0.0 0.0 0.0 0.0 2.1 0.0 Principal rescheduled ... 0.0 2.7 0.0 0.0 15.5 0.0 2.6 0.0 Official ... 0.0 2.7 0.0 0.0 14.4 0.0 2.6 0.0 Private ... 0.0 0.0 0.0 0.0 1.1 0.0 0.0 0.0 Interest rescheduled ... 0.0 0.4 0.0 0.7 8.5 0.0 0.0 0.0 Official ... 0.0 0.4 0.0 0.7 8.1 0.0 0.0 0.0 Private ... 0.0 0.0 0.0 0.0 0.3 0.0 0.0 0.0 Debt forgiven ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: interest forgiven . . 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Debt stock reduction ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 of whichbdebt buyback ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 S. DEBT STOCK-FLOW RECONCILLAIION Total change in debt stocks ... 15.6 22.1 20.0 12.7 23.2 -15.4 2.7 13.4 Net flows on debt .. 7.0 9.1 25.7 14.7 8.0 14.1 4.7 5.1 5.2 Net change in interest arrears ... 1.3 0.6 6.3 -1.1 -8.5 -1.9 0.7 2.4 Interest capitalized ... 0.0 0.4 0.0 0.7 8.5 0.0 0.0 0.0 Debt forgiveness or reduction ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Cross-currency valuation ... 1.1 -0.9 -0.7 -0.7 1.1 -0.7 -1.2 0.7 Residual ... 4.1 -3.7 -0.2 5.8 8.1 -17.5 -2.0 5.1 9. AVERAGE TERNIS OF NEW' COM.MI1TMENTS ALL CREDITORS Interest (%) .. 4.0 0.9 0.8 0.0 0.8 0.0 0.0 0.8 1.5 Maturity (years) .. 11.1 43.8 37.9 0.0 49.8 0.0 0.0 51.6 12.7 Grace period (years) .. 4.4 10.1 9.6 0.0 10.3 0.0 0.0 10.8 4.2 Grant element (%) .. 31.5 80.2 77.7 0.0 82.9 0.0 0.0 83.9 44.2 Official creditors Interest (%) .. 4.0 0.9 0.8 0.0 0.8 0.0 0.0 0.8 1.5 Maturity (years) .. 11.1 43.8 37.9 0.0 49.8 0.0 0.0 51.6 12.7 Grace period (years) .. 4.4 10.1 9.6 0.0 10.3 0.0 0.0 10.8 4.2 Grant element (%) .. 31.5 80.2 77.7 0.0 82.9 0.0 0.0 83.9 44.2 Private creditors Interest (%) .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Maturity (years) .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Grace period (years) .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Grant element (%) .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memorandum items Commnitments .. 8.2 23.8 36.0 0.0 14.3 0.0 0.0 5.6 0.2 Official creditors .. 8.2 23.8 36.0 0.0 14.3 0.0 0.0 5.6 0.2 Private creditors .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 10. CONTRACTUiAL. OBLIGATIONS ON OUTlST.AN_DING L-ONC-TERMI DEBT 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 TOTAL Disbursements 11.1 10.1 6.1 3.7 2.4 1.3 0.6 0.2 0.0 0.0 Principal 4.8 5.3 4.5 7.0 6.8 7.2 7.1 7.0 7.6 7.9 Interest 2.4 2.5 2.5 2.4 2.3 2.2 2.0 1.9 1.8 1.7 Official creditors Disbursements 11.1 10.1 6.1 3.7 2.4 1.3 0.6 0.2 0.0 0.0 Principal 4.8 5.3 4.5 7.0 6.8 7.2 7.1 7.0 7.6 7.9 Interest 2.4 2.5 2.5 2.4 2.3 2.2 2.0 1.9 1.8 1.7 Bilateral creditors Disbursements 0.3 0.3 0.2 0.2 0.1 0.1 0.0 0.0 0.0 0.0 Principal 1.2 1.2 0.9 2.8 2.8 2.8 4.0 3.9 3.8 3.7 Interest 1.1 1.1 1.1 1.0 0.9 0.9 0.8 0.7 0.6 0.6 Multilateral creditors Disbursements 10.8 9.8 5.9 3.5 2.3 1.2 0.5 0.1 0.0 0.0 Principal 3.7 4.1 3.6 4.2 4.0 4.4 3.1 3.1 3.8 4.2 Interest 1.3 1.4 1.4 1.4 1.4 1.3 1.2 1.2 1.2 1.2 Private creditors Disbursements 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Interest 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks Disbursements 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Interest 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Other private Disbursements 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Interest 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 474 SENEGAL (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 1. SUMMARY DEBT D ATA TOTAL DEBT STOCKS (EDT) 1,473 3,732 3,666 3,803 3,658 3,841 3,663 3,654 3,861 Long-term debt (LDOD) 145 1,114 3,000 3,042 3,097 3,096 3,234 3,155 3,148 3,296 Public and publicly guaranteed 115 1,105 2,940 2,992 3,047 3,049 3,191 3,116 3,093 3,274 Private nonguaranteed 31 9 60 50 50 48 44 39 55 22 Use of IMF credit 0 140 314 271 244 300 347 326 292 293 Short-term debt 219 418 352 462 262 260 182 213 273 of which interest arrears on LDOD 0 0 50 162 39 10 2 2 2 Official creditors 0 0 48 118 30 4 2 2 2 Private creditors 0 0 2 45 1 0 6 1 0 0 Memo: principal arrears on LDOD 0 0 92 207 227 64 13 12 19 Official creditors 0 0 62 153 155 9 2 2 8 Private creditors 0 0 30 53 71 55 12 10 10 Memo: export credits 0 812 786 579 453 622 557 480 492 TOTAL DEBT FLOWS Disbursements 20 395 252 322 153 201 241 216 268 254 Long-term debt 20 327 223 322 153 132 158 181 219 206 MEkA purchases 0 68 29 0 0 68 83 35 49 48 Principal repayments 9 165 197 142 81 154 195 160 158 217 Long-term debt 9 156 142 98 54 125 154 116 95 157 IMF repurchases 0 8 55 44 27 29 41 45 63 60 Net flows~ on debt 11 246 222 177 70 -29 73 -14 141 97 of which short-term debt .. 16 167 -3 -3 -76 28 -70 31 60 Interest payments (INT) .. 95 128 68 42 80 86 129 89 106 Long-termndebt 2 67 84 48 24 63 69 118 75 88 EMF charges 0 3 15 6 3 3 3 4 3 2 Short-term debt .. 24 29 15 15 14 14 7 11 15 Net transfers on debt .. 151 94 109 28 -110 -13 -143 52 -9 Total debt service paid (TDS) .. 259 325 210 123 234 281 289 247 323 Long-term debt 12 223 226 146 77 188 224 233 170 245 vMF repurchases and charges 0 12 70 50 30 31 43 48 66 63 Short-term debt (interest only) .. 24 29 15 15 14 14 7 11 15 2. AGGREGA TE NET RESOURCE FLOWS AN D NETI TRA,NSFERS (LONG-TERAM NET RESOURCE FLOWS 32 262 691 577 398 551 409 408 538 341 Net flow of long-term debt (ex. INM 11 171 81 225 100 7 4 66 124 49 Foreign direct investment (net) 5 15 57 21 -1 67 32 8 176 40 Portfolio equity flows 0 0 0 0 0 0 0 0 0 0 Grants (excluding technical coop.) 16 77 553 331 299 476 373 334 238 252 Memo: technical coop. grants 21 123 180 196 176 160 185 170 154 132 official net resource flows 22 245 649 586 402 493 402 411 347 317 private net resource flows 10 18 42 -9 -4 58 7 -3 191 24 NET TRANSFERS 14 161 574 487 337 450 300 251 425 216 Interest on long-term debt 2 67 84 48 24 63 69 118 75 88 Profit remittances on FDI 15 34 33 42 37 38 40 39 38 37 Memo: official net transfers 19 223 578 547 381 432 337 295 274 229 private net transfers -5 -62 -4 -60 -44 17 -38 -44 151 -14 34. NLAJOR ECONONMIC AGGREGATES Gross national product (GNP) 855 2,887 5,502 5,895 5,240 3,500 4,338 4,566 4,305 4,646 Exports of goods & services (XGS) .. 905 1,628 1,558 1,351 1,368 1,680 1,530 1,437 1,389 of which workers remittances .. 75 91 119 117 73 86 82 92 Imports of goods &services (MGS) .. 1,337 2,053 2,019 1,830 1,679 2,033 1,814 1,708 1,734 Intemational reserves (RES) 22 25 22 22 15 191 283 299 395 431 Current accounthbalance .. -386 -363 -401 -433 -187 -244 -200 -185 -81 4. DEBT INDICATORS EDT /XGS (%) .. 162.8 229.3 235.3 281.5 267.5 228.7 239.4 254.3 278.0 EDT /GNP (%) .. 51.0 67.8 62.2 72.6 104.5 88.5 80.2 84.9 83.1 TDS /XGS (%) .. 28.7 20.0 13.5 9.1 17.1 16.7 18.9 17.2 23.2 INT /XGS (%) .. 10.5 7.9 4.4 3.1 5.9 5.1 8.4 6.2 7.6 INT /GNP (%) .. 3.3 2.3 1.2 0.8 2.3 2.0 2.8 2.1 2.3 RES /EDT (%) .. 1.7 0.6 0.6 0.4 5.2 7.4 8.2 10.8 11.2 RES /MGS (months) .. 0.2 0.1 0.1 0.1 1.4 1.7 2.0 2.8 3.0 Short-term /EDT (%) .. 14.9 11.2 9.6 12.1 7.2 6.8 5.0 5.8 7.1 Concessional / EDT (%) .. 27.1 52.7 56.7 55.5 57.5 58.3 62.4 65.2 66.5 Multilateral / EDT (%) .. 17.9 36.6 43.0 43.6 48.2 48.2 50.6 49.4 50.7 475 SENEGAL (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 5. LONG-TERMI DEBT DEBT OUTSTANDING (LDOD) 145 1,114 3,000 3,042 3,097 3,096 3,234 3,155 3,148 3,296 Public and publicly guaranteed 115 1,105 2,940 2,992 3,047 3,049 3,191 3,116 3,093 3,274 Official creditors 100 653 2,759 2,880 2,940 2,943 3,107 3,102 3,082 3,263 Multilateral 13 263 1,366 1,578 1,658 1,762 1,849 1,852 1,805 1,956 Concessional 9 179 1,153 1,325 1,359 1,467 1,577 1,612 1,609 1,763 Bilateral 87 390 1,393 1,302 1,282 1,181 1,258 1,249 1,277 1,307 Concessional 78 221 815 754 753 637 662 674 774 805 Private creditors 14 452 181 113 106 106 83 14 11 11 Bonds 0 4 0 0 0 0 0 0 0 0 Commercial banks 0 129 129 90 85 86 78 11 10 10 Other private 14 319 52 23 21 20 6 3 1 1 Private nonguaranteed 31 9 60 50 50 48 44 39 55 22 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 31 9 60 50 50 48 44 39 55 22 Memo: IBRD 2 57 88 62 52 44 35 23 14 9 IDA 9 100 747 873 918 1,005 1,126 1,194 1,187 1,301 DISBURSEMENTS 20 327 223 322 153 132 158 181 219 206 Public and publicly guaranteed 19 327 208 317 152 132 157 181 198 204 Official creditors 12 186 208 314 152 132 157 181 198 204 Multilateral 5 93 136 255 143 117 139 135 98 150 Concessional 4 63 127 182 75 84 132 135 97 136 Bilateral 7 94 72 59 9 15 17 46 100 54 Concessional 7 50 72 59 9 14 17 46 100 53 Private creditors 8 141 0 3 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 23 0 0 0 0 0 0 0 0 Other private 8 118 0 3 0 0 0 0 0 0 Private nonguaranteed 1 0 15 6 1 1 1 0 21 2 Bonds 0 0 0 0 0 0 0 0 0 0 Comimercial banks 1 0 15 6 1 1 1 0 21 2 Memo: IBRD 1 18 0 0 0 0 0 0 0 0 IDA 4 12 117 103 46 54 107 110 60 85 PRINCIPAL REPAYMENTS 9 156 142 98 54 125 154 116 95 157 Public and publicly guaranteed 7 152 130 86 51 119 149 ill 91 140 Official creditors 6 19 ill 59 50 115 128 105 89 139 Multilateral 0 3 58 42 47 106 97 69 41 71 Concessional 0 0 29 23 30 60 59 44 20 42 Bilateral 6 16 53 17 3 9 31 36 48 68 Concessional 5 7 25 9 1 8 14 20 27 49 Private creditors 0 133 19 27 2 3 21 6 2 1 Bonds 0 1 0 0 0 0 0 0 0 0 Commercial banks 0 58 8 16 2 3 12 5 0 0 Other private 0 74 11 12 0 0 9 1 2 1 Private nonguaranteed 3 4 12 12 2 7 5 5 5 17 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 3 4 12 12 2 7 5 5 5 17 Memo: IBRD 0 2 13 11 11 11 12 10 7 6 IDA 0 0 3 3 4 5 6 7 8 11 NET FLOWS ON DEBT 11 171 81 225 100 7 4 66 124 49 Public and publicly guaranteed 13 175 78 231 101 13 8 70 108 64 Official creditors 6 167 96 255 103 17 29 77 109 65 Multilateral 5 90 77 213 96 11 43 66 57 80 Concessional 4 63 98 159 45 24 74 91 78 94 Bilateral 1 77 19 42 6 5 -14 10 52 -15 Concessional 2 43 47 50 8 6 4 26 73 4 Private creditors 7 8 -19 -25 -2 -3 -21 -6 -2 -1 Bonds 0 -1 0 0 0 0 0 0 0 0 Commercial banks 0 -35 -8 -16 -2 -3 -12 -5 0 0 Other private 7 43 -11 -9 0 0 -9 -1 -2 -1 Private nonguaranteed -2 -4 4 -6 -1 -6 -4 -5 16 -15 Bonds 0 0 0 0 0 0 0 0 0 0 Commnercial banks -2 -4 4 -6 -1 -6 -4 -5 16 -15 Memo: IBRD 1 16 -13 -11 -11 -11 -12 -10 -7 -6 IDA 4 12 114 100 42 49 101 103 52 '74 476 SENEGAL (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 INTEREST PAYMENTS (LINT) 2 67 84 48 24 63 69 118 75 88 Public and publicly guaranteed 2 67 82 45 22 61 68 117 74 88 Official creditors 2 22 71 39 21 61 65 116 73 88 Multilateral 0 6 26 20 15 46 38 38 27 35 Concessional 0 1 9 7 7 19 14 17 15 17 Bilateral 2 15 46 20 6 15 27 78 47 52 Concessional 2 6 20 12 1 7 8 62 15 19 Private creditors 0 45 10 6 0 0 3 1 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 23 7 4 0 0 2 1 0 0 Other private 0 22 3 2 0 0 1 0 0 0 Private nonguaranteed 0 0 3 3 2 2 1 1 1 1 Bonds 0 0 0 0 0 0 0 0 0 0 Comimercial banks 0 0 3 3 2 2 1 1 1 1 Memo: IBRD 0 4 6 6 5 4 4 2 2 1 IDA 0 1 4 6 6 8 8 9 9 9 NET TRANSFERS ON DEBT 8 103 -3 177 76 -56 -66 -52 49 -39 Public and publicly guaranteed 10 108 -4 186 79 -48 -61 -46 34 -24 Official creditors 3 146 25 216 81 -44 -36 -39 36 -23 Multilateral 4 84 51 193 81 -35 5 29 31 44 Concessional 4 62 89 152 39 6 60 74 63 76 Bilateral -1 62 -27 23 0 -9 -41 -67 5 -67 Concessional 1 37 27 38 8 -1 -4 -36 58 -15 Private creditors 7 -38 -29 -30 -2 -4 -25 -8 -2 -1 Bonds 0 -1 0 0 0 0 0 0 0 0 Commercial banks 0 -58 -15 -19 -2 -3 -15 -6 0 0 Other private 7 21 -14 -11 0 0 -10 -1 -2 -1 Private nonguaranteed -2 -5 1 -9 -3 -8 -5 -6 15 -16 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks -2 -5 1 -9 -3 -8 -5 -6 15 -16 Memo: IBRD 1 12 -19 -17 -16 -15 -15 -12 -9 -7 IDA 4 11 110 94 36 41 93 94 44 65 DEBT SERVICE (LTDS) 12 223 226 146 77 188 224 233 170 245 Public and publicly guaranteed 9 219 212 131 73 180 217 228 164 228 Official creditors 9 41 183 98 71 176 193 220 162 227 Multilateral 0 9 84 62 62 152 134 107 68 106 Concessional 0 1 38 30 37 78 73 61 34 59 Bilateral 8 32 99 37 9 24 58 113 95 121 Concessional 6 13 45 21 2 15 21 82 42 68 Pr-ivate creditors 1 178 29 33 2 4 25 8 2 1 Bonds 0 1 0 0 0 0 0 0 0 0 Commercial banks 0 81 15 19 2 3 1 5 6 0 0 Other private 1 96 14 14 0 0 10 1 2 1 Private nonguaranteed 3 5 14 15 4 9 6 6 6 17 Bonds 0 0 0 0 0 0 0 0 0 0 Comirercial banks 3 5 14 15 4 9 6 6 6 17 Memo: IBRD 0 6 19 17 16 15 15 12 9 7 IDA 0 1 7 9 10 1 3 14 15 17 20 UNDISBURSED DEBT 42 604 976 982 867 753 889 813 745 731 Official creditors 37 563 967 977 864 750 888 812 744 731 Private creditors 5 41 9 5 3 3 1 1 1 0 Memorandum items Concessional LDOD 87 400 1,968 2,080 2,111 2,104 2,239 2,286 2,383 2,567 Variable rate LDOD 31 141 140 167 227 271 305 255 236 202 Public sector LDOD 112 1,079 2,903 2,957 3,014 3,020 3,159 3,116 3,093 3,274 Private sector LDOD 33 35 97 85 83 77 76 39 55 22 6. CURRENCY CONMPOSITION OF LONG-TERM DEBT (PERCENT) Deutsche mark 23.5 4.6 1.3 1.1 1.1 1.3 1.3 1.6 1.4 1.7 French franc 26.9 39.3 25.8 24.6 23.2 18.4 19.1 17.7 15.3 14.7 Japanese yen 0.0 0.0 1.5 3.1 3.4 3.9 3.7 3.3 3.0 3.1 Pound sterling 0.0 0.8 0.2 0.1 0.1 0.1 0.1 0.1 0.2 0.1 Swiss franc 0.0 0.3 0.9 0.6 0.5 0.5 0.5 0.4 0.3 0.3 U.S.dollars 1.7 23.0 32.9 31.9 32.8 35.1 36.6 38.5 41.7 42.8 Multiple cur-rency 1.9 6.7 8.6 11.5 13.2 14.8 13.9 14.0 12.5 11.8 Special drawing rights 0.0 0.0 0.4 0.6 0.6 0.8 1.0 1.2 0.9 1.1 All other currencies 46.0 25.3 28.4 26.5 25.1 25.1 23.8 23.2 24.7 24.4 477 SENEGAL (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 7. DEBT RESTRUCTURINGS Total amount rescheduled ill 45 10 172 233 58 .12 0 Debt stock rescheduled 0 0 0 0 0 0 0 0 Principal rescheduled 76 24 0 88 173 25 4 0 Official 58 23 0 86 166 25 4 0 Private .. 18 1 0 2 7 0 0 0 Interest rescheduled .. 27 9 0 83 49 28 1 0 Official 23 9 0 83 48 28 1 0 Private 4 0 0 0 1 0 0 0 Debt forgiven 18 6 0 219 14 2 4 0 Memo: interest forgiven 0 3 0 28 5 6 0 .0 Debt stock reduction 0 0 0 0 0 65 0 0 of which debt buyback 0 0 0 0 0 5 0 0 8. DEBT STOCK-FLOW RECONCILIATION Total changein debt stocks .. 462 95 137 -144 183 -178 -9 208 Net flows on debt 11 246 222 177 70 -29 73 -14 141 97 Net change in interest arrears -11 50 112 -123 -30 -8 0 0 Interest capitalized ... 27 9 0 83 49 28 1 0 Debt forgiveness or reduction ... -18 -6 0 -219 -14 -62 -4 0 Cross-currency valuation ... 172 -102 -61 95 81 -74 -129 71 Residual ... 68 -33 15 50 23 -49 -18 40 9. AVERAGE TERMIS OF NEW CONMINTMIENTS ALL CREDITORS Interest (%) 3.9 5.9 1.9 1.7 1.6 0.7 1.1 2.4 1.4 1.0 Maturity (years) 23.2 20.0 33.4 36.8 30.1 38.4 38.7 31.1 40.0 39.2 Grace period (years) 6.8 5.6 8.7 8.6 8.0 9.2 9.4 9.7 10.2 9.5 Grant element(% 43.8 30.2 66.1 69.1 65.9 76.8 76.0 61.5 75.0 77.0 Official creditors Interest (%) 2.3 5.4 1.9 1.7 1.6 0.7 1.1 2.4 1.4 1.0 Maturity (years) 30.6 21.3 33.7 36.8 30.1 38.4 38.7 31.1 40.0 39.2 Grace period (years) 8.8 6.0 8.8 8.6 8.0 9.2 9.4 9.7 10.2 9.5 Grant element (%) 59.6 33.7 66.8 69.1 65.9 76.8 76.0 61.5 75.0 .77.0 Private creditors Interest (%) 7.5 10.8 8.3 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Maturity (years) 5.9 8.3 10.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Grace period (years) 2.2 2.5 2.6 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Grant clement ()6.8 -0.7 6.6 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memorandum items Commitments 7 469 366 247 81 47 309 162 182 167 Official creditors 5 421 361 247 81 47 309 162 182 167 Private creditors 2 49 4 0 0 0 0 0 0 0 10. CONTRACTLUAL OBLIGATIONS ON OUITSTANDING LONG-TERMI DEBT 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 TOTAL Disbursements 225 194 130 85 46 18 9 2 1 0 Principal 172 206 180 181 174 262 146 132 124 126 Interest 90 86 79 72 65 51 45 40 37 34 Official creditors Disbursements 224 194 130 85 46 18 9 2 1 0 Principal 169 203 177 179 171 260 143 129 124 126 Interest 89 85 79 72 65 5 1 45 40 37 34 Bilateral creditors Disbursements 55 36 19 10 5 2 1 0 0 0 Principal 8 1 116 110 ill 106 194 77 64 58 55 Interest 58 55 49 44 38 25 21 1 8 16 14 Multilateral creditors Disbursements 170 158 ill 75 41 16 9 2 1 0 Principal 88 87 67 68 65 66 66 65 66 71 Interest 3 1 30 29 28 27 26 24 23 21 20 Private creditors Disbursements 0 0 0 0 0 0 0 0 0 0 Principal 3 3 3 3 3 3 3 3 0 0 Interest 0 0 0 0 0 0 0 0 0 0 Commercial banks Disbursements 0 0 0 0 0 0 0 0 0 0 Principal 0 0 0 0 0 0 0 0 0 0 Interest 0 0 0 0 0 0 0 0 0 0 Other private Disbursements 0 0 0 0 0 0 0 0 0 0 Principal 3 3 3 3 3 3 3 3 0 0 Interest 0 0 0 0 0 0 0 0 0 0 478 SEYCHELLES (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 I. SUIMMARYn DEBT DATA TOTAL DEBT STOCKS (EDT) .. 84.1 163.2 164.1 156.9 170.9 158.9 148.0 149.1 186.7 Long-term debt (LDOD) .. 25.1 117.2 130.5 132.1 147.8 145.8 138.1 131.3 145.1 Public and publicly guaranteed .. 25.1 117.2 130.5 132.1 147.8 145.8 138.1 131.3 145.1 Private nonguaranteed .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Use of IMF credit 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Short-term debt .. 59.0 46.0 33.6 24.8 23.1 13.1 9.8 17.8 41.6 of which interest arrears on LDOD .. 0.0 1.2 1.2 1.3 2.1 2.1 2.9 3.8 3.8 Official creditors .. 0.0 0.6 0.3 0.4 0.9 0.8 1.4 2.3 2.8 Private creditors .. 0.0 0.7 0.9 0.9 1.2 1.3 1.5 1.5 1.0 Memo: principal arrears on LDOD .. 0.0 9.3 15.5 15.5 18.6 20.8 22.4 23.7 21.7 Official creditors .. 0.0 7.1 6.7 6.9 8.3 9.3 11.6 13.2 12.3 Private creditors .. 0.0 2.1 8.8 8.7 10.3 11.5 10.8 10.4 9.4 Memo: export credits .. 0.0 45.0 179.0 174.0 42.0 51.0 37.0 45.0 32.0 TOTAL DEBT FLOWS Disbursements .. 11.7 9.2 24.9 17.6 18.1 8.4 12.2 11.2 22.9 Long-term debt .. 11.7 9.2 24.9 17.6 18.1 8.4 12.2 11.2 22.9 IMF purchases 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal repayments .. 0.1 12.7 11.8 12.1 10.1 15.6 10.3 9.5 13.5 Long-termndebt .. 0.1 12.7 11.8 12.1 10.1 15.6 10.3 9.5 13.5 EIMF repurchases 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Net flows on debt .. 390.3 6.7 -0.5 -3.4 5.5 -17.2 -2.3 8.8 33.1 of which short-term debt .. -402.0 10.2 -13.5 -8.9 -2.5 -10.0 -4.1 7.1 23.8 Interest payments (INT) .. 37.1 9.0 6.4 6.1 6.9 7.9 5.0 5.3 7.7 Long-term debt .. 0.2 5.5 4.8 5.1 6.2 7.1 4.5 4.8 6.4 IMF charges 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Short-termn debt .. 36.9 3.6 1.6 1.0 0.8 0.8 0.5 0.5 1.3 Net transfers on debt .. -427.5 -2.3 -6.9 -9.5 -1.4 -25.1 -7.3 3.5 25.4 Total debt service paid (TDS) .. 37.2 21.7 18.2 18.2 17.0 23.5 15.4 14.8 21.2 Long-term debt .. 0.3 18.2 16.6 17.2 16.2 22.7 14.9 14.3 19.9 IMF repurchases and charges 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Short-term debt (interest only) .. 36.9 3.6 1.6 1.0 0.8 0.8 0.5 0.5 1.3 2. AGGREGATE NET RESOURCE FLOWS AND NE-T TRANSFERS (TONG-TERM) NET RESOURCE FLOWS .. 26.9 28.2 30.7 35.6 44.9 40.3 39.0 55.8 69.3 Net flow of long-term debt (ex.1.E .. 11.7 -3.5 13.0 5.5 8.0 -7.2 1.8 1.7 9.3 Foreign direct investment (net) .. 9.5 20.0 9.0 19.0 29.8 40.3 30.0 49.0 52.0 Portfolio equity flows .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Grants (excluding technical coop.) .. 5.7 11.6 8.7 11.1 7.1 7.2 7.2 5.1 7.9 Memo: technical coop. grants .. 8.0 10.3 12.2 9.9 7.9 8.8 10.3 7.3 5.8 official net resource flows .. 17.4 14.4 11.0 13.1 10.3 8.3 13.3 9.8 12.2 private net resource flows .. 9.5 13.8 19.7 22.5 34.6 32.0 25.7 46.0 57.1 NET TRANSFERS .. 19.1 8.5 15.6 18.5 26.2 20.2 20.5 36.0 46.0 Interest on long-term debt .. 0.2 5.5 4.8 5.1 6.2 7.1 4.5 4.8 6.4 Profit remittances on FDI 7.6 14.3 10.3 12.0 12.5 13.0 14.0 15.0 17.0 Memo: official net transfers .. 17.2 10.9 7.3 9.5 6.8 3.6 10.2 6.2 7.6 private net transfers .. 1.9 -2.4 8.3 9.0 19.4 16.6 10.3 29.8 38.4 3. MIAJOR ECONOMIC AGGREGATES Gross national product (GNP) .. 142.0 355.4 424.4 458.5 473.0 491.0 494.6 529.3 514.3 Exports of goods & services (XGS) .. 102.8 240.6 257.7 278.6 259.8 282.9 324.8 368.7 370.1 of which workers remittances .. 0.0 7.1 10.4 8.8 6.0 5.9 4.9 6.0 Imports of goods &services (MGS) .. 131.4 264.6 271.5 325.3 287.7 339.3 391.8 440.0 474.9 Intemnational reserves (RES) .. 18.4 16.6 31.3 35.7 30.2 27.1 21.8 26.3 21.6 Current account balance .. -15.6 -13.0 -6.9 -38.8 -25.9 -53.9 -56.5 -63.2 -91.5 4. DEBT INDICATORS EDT / XGS (%) .. 81.8 67.8 63.7 56.3 65.8 56.2 45.6 40.4 50.4 EDT /GNP(% . 59.2 45.9 38.7 34.2 36.1 32.4 29.9 28.2 36.3 TDS / XGS (% . 36.2 9.0 7.1 6.5 6.5 8.3 4.7 4.0 5.7 INT /XGS (%) .. 36.1 3.7 2.5 2.2 2.7 2.8 1.5 1.4 2.1 INT /GNP(% . 26.1 2.5 1.5 1.3 1.5 1.6 1.0 1.0 1.5 RES /EDT(% . 21.9 10.2 19.1 22.7 17.6 17.1 14.7 17.7 11.6 RES /MGS (months) .. 1.7 0.8 1.4 1.3 1.3 1.0 0.7 0.7 0.6 Short-term /EDT (%) .. 70.2 28.2 20.5 15.8 13.5 8.2 6.6 11.9 22.3 Concessional /EDT (% . 22.4 43.2 42.7 41.9 39.4 42.6 45.3 45.1 37.8 Multilateral /EDT (%) .. 5.4 25.9 27.5 30.1 32.5 37.8 37.7 36.2 31.1 479 SEYCHELLES (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 5. LONG-TERMI DEBT DEBT OUTSTANDING (LDOD) .. 25.1 117.2 130.5 132.1 147.8 145.8 138.1 131.3 145.1 Public and publicly guaranteed .. 25.1 117.2 130.5 132.1 147.8 145.8 138.1 131.3 145.1 Official creditors .. 25.1 97.9 97.7 96.7 105.3 109.5 108.4 106.1 114.2 Multilateral .. 4.5 42.3 45.2 47.2 55.6 60.0 55.8 53.9 58.1 Concessional .. 2.5 19.8 21.9 21.8 23.1 23.6 21.8 20.8 21.6 Bilateral .. 20.6 55.6 52.4 49.5 49.7 49.5 52.6 52.3 56.0 Concessional .. 16.3 50.7 48.2 44.0 44.3 44.1 45.2 46.5 48.9 Private creditors .. 0.0 19.3 32.9 35.4 42.5 36.3 29.7 25.1 30.9 Bonds .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks .. 0.0 16.4 26.5 24.1 24.0 21.6 16.9 14.2 17.0 Other private .. 0.0 2.8 6.4 11.3 18.4 14.8 12.8 10.9 13.9 Private nonguaranteed .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commrercial banks .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 0.0 5.8 4.7 4.2 4.8 5.4 4.4 3.6 3.6 IDA 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 DISBURSEMENTS .. 11.7 9.2 24.9 17.6 18.1 8.4 12.2 11.2 22.9 Public and publicly guaranteed .. 11.7 9.2 24.9 17.6 18.1 8.4 12.2 11.2 22.9 Official creditors .. 11.7 7.6 9.7 9.3 8.9 8.1 11.5 11.2 13.2 Multilateral .. 3.5 3.4 8.1 6.7 8.9 7.5 6.0 5.5 7.3 Concessional .. 1.6 1.2 2.6 1.5 0.9 0.9 0.6 0.6 1.2 Bilateral .. 8.2 4.1 1.6 2.6 0.1 0.6 5.5 5.7 5.8 Concessional .. 4.5 4.1 1.2 1.0 0.1 0.6 3.5 5.6 4.5 Private creditors .. 0.0 1.6 15.1 8.4 9.1 0.3 0.7 0.0 9.7 Bonds .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Conmmercial banks .. 0.0 1.3 15.1 2.3 1.0 0.0 0.7 0.0 5.1 Other private .. 0.0 0.3 0.0 6.1 8.2 0.3 0.0 0.0 4.6 Private nonguaranteed .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commnercial banks .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 0.0 1.4 0.0 0.0 0.9 1.3 0.0 0.2 0.5 IDA 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 PRINCIPAL REPAYMENTS .. 0.1 12.7 11.8 12.1 10.1 15.6 10.3 9.5 13.5 Public and publicly guaranteed .. 0.1 12.7 11.8 12.1 10.1 15.6 10.3 9.5 13.5 Official creditors .. 0.1 4.8 7.5 7.3 5.8 6.9 5.4 6.6 8.9 Multilateral .. 0.0 2.9 3.7 4.0 3.4 4.0 3.9 3.9 5.5 Concessional .. 0.0 0.3 0.8 0.8 0.8 0.8 0.7 0.7 0.7 Bilateral .. 0.1 2.0 3.8 3.3 2.3 2.9 1.5 2.6 3.4 Concessional .. 0.1 1.8 3.2 3.2 2.3 2.8 1.5 1.0 3.4 Private creditors .. 0.0 7.9 4.4 4.8 4.3 8.6 5.0 3.0 4.6 Bonds .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Comimercial banks .. 0.0 6.8 3.5 3.7 3.3 4.6 3.0 1.0 3.0 Other private .. 0.0 1.1 0.8 1.1 1.1 4.0 1.9 1.9 1.6 Private nonguaranteed .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commtercial banks .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 0.0 0.6 0.6 0.7 0.7 0.8 0.7 0.6 0.8 IDA 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 NET FLOWS ON DEBT .. 11.7 -3.5 13.0 5.5 8.0 -7.2 1.8 1.7 9.3 Public and publicly guaranteed .. 11.7 -3.5 13.0 5.5 8.0 -7.2 1.8 1.7 9.3 Official creditors .. 11.7 2.8 2.3 2.0 3.2 1.1 6.1 4.7 4.3 Multilateral .. 3.5 0.6 4.4 2.7 5.5 3.4 2.1 1.6 1.8 Concessional .. 1.6 0.9 1.8 0.7 0.2 0.1 -0. 1 -0. 1 0.5 Bilateral .. 8.2 2.2 -2.2 -0.7 -2.3 -2.3 4.0 3.1 2.4 Concessional .. 4.5 2.3 -1.9 -2.2 -2.3 -2.3 2.0 4.6 1.1 Private creditors .. 0.0 -6.2 10.7 3.5 4.8 -8.3 -4.3 -3.0 5.1 Bonds .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commnercial banks .. 0.0 -5.5 11.6 -1.4 -2.3 -4.6 -2.4 -1.0 2.1 Other private .. 0.0 -0.8 -0.8 4.9 7.1 -3.7 -1.9 -1.9 3.0 Private nonguaranteed .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Comimercial banks .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 0.0 0.8 -0.7 -0.6 0.2 0.5 -0.6 -0.4 -0.3 IDA 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 480 SEYCHELLES (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 INTEREST PAYMENTS (LINT) .. 0.2 5.5 4.8 5.1 6.2 7.1 4.5 4.8 6.4 Public and publicly guaranteed .. 0.2 5.5 4.8 5.1 6.2 7.1 4.5 4.8 6.4 Official creditors .. 0.2 3.5 3.7 3.6 3.5 4.7 3.1 3.6 4.6 Multilateral .. 0.2 2.5 2.5 2.8 2.8 3.6 2.6 2.9 3.8 Concessional .. 0.0 0.3 0.5 0.5 0.5 0.5 0.4 0.5 0.5 Bilateral .. 0.1 1.1 1.2 0.8 0.7 1.1 0.5 0.7 0.9 Concessional .. 0.0 0.9 1.1 0.8 0.7 1.1 0.5 0.6 0.8 Private creditors .. 0.0 1.9 1.1 1.5 2.7 2.4 1.4 1.2 1.7 Bonds .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Comimercial banks .. 0.0 1.7 0.6 1.1 1.0 1.2 0.3 0.2 0.7 Other private .. 0.0 0.2 0.5 0.4 1.7 1.2 1.1 1.0 1.0 Private nonguaranteed .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commnercial banks .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 0.0 0.4 0.4 0.3 0.3 0.4 0.4 0.3 0.2 IDA 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 NET TRA.NSFERS ON DEBT .. 11.4 -9.0 8.2 0.4 1.8 -14.3 -2.7 -3.1 3.0 Public and publicly guaranteed .. 11.4 -9.0 8.2 0.4 1.8 -14.3 -2.7 -3.1 3.0 Official creditors .. 11.4 -0.8 -1.4 -1.6 -0.3 -3.6 3.0 1.0 -0.4 Multilateral .. 3.3 -1.9 2.0 -0. 1 2.7 -0.2 -0.5 -1.4 -2.0 Concessional .. 1.6 0.6 1.3 0.2 -0.3 -0.5 -0.5 -0.6 0.0 Bilateral .. 8.1 1.1 -3.3 -1.5 -3.0 -3.4 3.5 2.4 1.6 Concessional .. 4.4 1.4 -3.0 -2.9 -2.9 -3.3 1.5 4.0 0.3 Private creditors .. 0.0 -8.2 9.6 2.0 2.1 -10.7 -5.7 -4.1 3.3 Bonds .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Comimercial banks .. 0.0 -7.2 11.0 -2.5 -3.3 -5.8 -2.7 -1.2 1.4 Other private .. 0.0 -1.0 -1.4 4.6 5.4 -4.9 -3.0 -2.9 2.0 Private nonguaranteed .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 0.0 0.4 -1.1 -1.0 -0. 1 0.1 -1.0 -0.7 -0.5 IDA 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 DEBT SERVICE (LTDS) .. 0.3 18.2 16.6 17.2 16.2 22.7 14.9 14.3 19.9 Public and publicly guaranteed .. 0.3 18.2 16.6 17.2 16.2 22.7 14.9 14.3 19.9 Official creditors .. 0.3 8.4 11.1 10.9 9.2 11.6 8.5 10.2 13.6 Multilateral .. 0.2 5.4 6.2 6.8 6.2 7.7 6.5 6.9 9.3 Concessional .. 0.0 0.6 1.3 1.3 1.3 1.3 1.1 1.2 1.2 Bilateral .. 0.1 3.0 4.9 4.1 3.0 4.0 2.0 3.3 4.3 Concessional .. 0.1 2.8 4.2 4.0 3.0 3.9 2.0 1.6 4.2 Private creditors .. 0.0 9.8 5.5 6.3 7.0 11.0 6.4 4.1 6.3 Bonds .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks .. 0.0 8.5 4.1 4.8 4.2 5.8 3.4 1.2 3.8 Other private .. 0.0 1.3 1.4 1.5 2.8 5.3 3.0 2.9 2.6 Private nonguaranteed .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 0.0 1.0 1.0 1.0 1.0 1.1 1.0 0.9 1.0 IDA 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 UNDISBURSED DEBT .. 23.9 56.6 68.0 57.7 40.0 41.6 46.7 50.7 49.1 Official creditors .. 23.4 47.7 48.3 44.9 35.0 36.5 45.0 50.0 48.5 Private creditors .. 0.6 8.9 19.7 12.8 . 5.0 5.1 1.6 0.6 0.7 Memorandum itenms Concessional LDOD .. 18.8 70.5 70.1 65.8 67.4 67.7 67.0 67.2 70.5 Variable rate LDOD .. 0.0 5.8 4.7 5.8 6.3 7.0 5.9 5.1 14.4 Public sector LDOD .. 25.1 117.2 130.5 132.1 147.8 145.8 138.1 131.3 145.1 Private sector LDOD .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 6. CLJRRENCI'CONMPOS-ITION OF LONG-T-ERAI DEBT iPERCENTi Deutsche mark .. 8.0 3.6 3.7 3.3 3.2 3.4 3.5 3.0 3.4 French franc .. 2.8 15.4 11.5 9.5 8.3 7.8 7.0 5.9 3.7 Japanese yen .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Pound sterling .. 68.0 16.0 9.5 8.4 7.5 7.5 8.6 8.8 8.1 Swiss franc .. 0.0 8.4 7.0 6.5 6.6 7.6 6.9 6.7 6.4 U.S.dollars .. 8.4 9.9 15.2 20.1 21.9 17.9 17.1 15.1 19.1 Multiple currency .. 12.7 29.3 27.7 28.2 30.3 33.6 33.6 34.0 32.9 Special drawing rights .. 0.0 0.0 0.1 0.2 0.5 0.6 0.6 0.5 0.4 All other currencies .. 0.1 17.4 25.3 23.8 21.7 21.6 22.7 26.0 26.0 481 SEYCHELLES (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 7. DEBT RESTRUCTUFRINGS Total amount rescheduled ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Debt stock rescheduled ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal rescheduled ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Official ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Interest rescheduled ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Official ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Debt forgiven ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: interest forgiven ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Debt stock reduction ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 of which debt buyback ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 8. DEB r STOCK-FLO%$ RECONCILIATION Total change in debt stocks ... 18.8 -8.5 -7.2 14.1 -12.0 -11.0 1.1 37.6 Net flows on debt .. -390.3 6.7 -0.5 -3.4 5.5 -17.2 -2.3 8.8 33.1 Net change in interest arrears ... 0.9 0.0 0.1 0.8 0.0 0.8 0.9 -0.1I Interest capitalized ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Debt forgiveness or reduction ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Cross-currency valuation ... 10.7 -6.1 -2.9 6.3 4.4 -3.3 -5.4 2.7 Residual ... 0.5 -1.9 -1.0 1.4 0.8 -6.2 -3.2 1.8 9. AVERAGE TERMIS OF NEW CONINI[TMEN IS ALL CREDITORS Interest (%) .. 6.6 4.5 6.8 8.2 6.9 4.3 3.4 6.7 5.4 Maturity (years) .. 15.6 22.1 12.0 10.6 13.2 18.2 13.8 18.6 7.5 Grace period (years) .. 5.1 7.9 3.1 4.2 5.7 4.7 4.1 4.9 2.1 Grant element (%) .. 20.2 45.0 15.0 7.4 15.7 33.1 36.3 20.4 18.9 Official creditors Interest (%) .. 6.6 3.3 8.1 6.7 6.9 4.3 3.3 6.7 4.0 Maturity (years) .. 15.7 25.0 13.0 13.3 20.0 18.2 14.3 18.6 11.5 Grace period (years) .. 5.1 9.0 3.0 4.9 10.0 4.7 4.3 4.9 4.0 Grant element (%) .. 20.3 52.9 9.0 16.1 23.2 33.1 37.7 20.4 30.1 Private creditors Interest (%) .. 7.2 11.5 6.2 10.0 6.9 0.0 6.0 0.0 7.0 Maturity (years) .. 5.0 4.8 11.6 7.2 5.0 0.0 3.0 0.0 3.2 Grace period (years) .. 0.5 0.9 3.1 3.4 0.5 0.0 0.5 0.0 0.1 Grant element (%) .. 5.8 -2.5 17.8 -3.1 6.5 0.0 5.8 0.0 6.5 Memorandum items Comm-itments .. 11.4 12.4 17.4 11.1 2.1 8.7 15.5 18.4 20.3 Official creditors .. 11.4 10.6 5.6 6.1 1.2 8.7 14.8 18.4 10.6 Private creditors .. 0.1 1.8 11.8 5.0 1.0 0.0 0.7 0.0 9.7 10. CONTRACTUAL OBLIGATIONS ON OUrSTANDING LONG-TERMI DEBT 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 TOTAIL Disbursements 13.8 12.6 8.4 6.0 3.7 2.3 1.0 0.6 0.5 0.2 Principal 21.9 16.0 14.7 13.6 14.6 11.9 10.6 10.2 8.7 8.4 Interest 6.0 5.6 5.1 4.7 4.2 3.6 3.2 2.8 2.3 1.9 Official creditors Disbursements 13.1 12.6 8.4 6.0 3.7 2.3 1.0 0.6 0.5 0.2 Principal 13.0 12.2 11.5 11.0 12.2 11.3 10.6 10.2 8.7 8.4 Interest 4.9 4.9 4.7 4.5 4.1 3.6 3.2 2.8 2.3 1.9 Bilateral creditors Disbursements 5.8 4.7 3.1 2.0 1.4 0.9 0.5 0.5 0.4 0.2 Principal 6.2 5.3 4.7 4.2 5.1 5.6 5.3 5.4 4.0 4.1 Interest 1.1 1.1 1.1 1.2 1.1 1.0 0.9 0.8 0.7 0.5 Multilateral creditors Disbursements 7.3 7.9 5.4 3.9 2.3 1.4 0.5 0.1 0.1 0.0 Principal 6.8 6.9 6.9 6.8 7.1 5.7 5.3 4.9 4.6 4.3 Interest 3.8 3.7 3.6 3.3 3.0 2.6 2.3 2.0 1.7 1.4 Private creditors Disbursements 0.7 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal 8.9 3.8 3.2 2.6 2.3 0.6 0.0 0.0 0.0 0.0 Interest 1.1 0.7 0.4 0.3 0.1 0.0 0.0 0.0 0.0 0.0 Comimercial banks Disbursements 0.5 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal 2.0 1.4 1.4 1.4 1.1 0.0 0.0 0.0 0.0 0.0 Interest 0.3 0.2 0.2 0.1 0.0 0.0 0.0 0.0 0.0 0.0 Other private Disbursements 0.2 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal 6.9 2.4 1.8 1.2 1.2 0.6 0.0 0.0 0.0 0.0 Interest 0.8 0.5 0.3 0.2 0.1 0.0 0.0 0.0 0.0 0.0 482 SIERRA LEONE (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 1. SUMMA%1.R ' DEBT D %TA TOTAL DEBT STOCKS (EDT) 469 1,151 1,245 1,396 1,493 1,178 1,179 1,144 1,243 Long-term debt (LDOD) 61 357 604 677 764 849 906 903 889 944 Public and publicly guaranteed 61 357 604 677 764 849 906 903 889 944 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Use of IMF credit 0 59 108 92 84 146 165 171 167 191 Short-term debt 53 439 476 548 497 107 105 89 108 of whi-ihinterest ar-rears on LDOD 7 107 55 52 14 3 3 3 14 Official creditors 4 82 46 47 10 3 2 2 14 Private creditors 4 25 9 6 4 0 0 0 1 Memo: principal arrears on LDOD 1 7 247 136 123 45 1 7 2 1 20 32 Official creditors 4 173 III 104 26 1 3 17 16 28 Private creditors . 1 2 74 26 19 19 4 4 4 4 Memo: export credits 0 166 152 203 171 129 123 135 112 TOTAL DEBT FLOWS Disbursements 8 104 24 52 100 200 115 90 47 49 Long-term debt 8 84 24 52 100 64 95 75 40 33 IMFpurchases 0 2 1 0 0 0 137 20 1 5 7 1 6 Principal repayments 16 50 12 16 13 98 59 47 7 11 Long-term debt I11 34 7 1 1 5 17 55 44 7 1 1 IMF repurchases 5 17 5 5 8 8 1 4 3 0 0 Net flow,son debt -8 62 11 112 161 90 -136 41 24 46 of which short-termndebt 8 -1 76 75 -13 -192 -2 -16 8 Interest payments (INT) 16 9 18 18 62 21 12 9 9 Long-term debt 3 8 4 10 1 3 20 19 10 8 8 lIF charges 0 2 0 3 2 38 1 1 1 1 Short-term debt ..6 5 5 4 5 1 1 1 0 Net transfers on debt .. 47 2 94 143 28 -156 29 15 36 Total debt service paid (TDS) .. 66 21 34 31 160 79 59 16 20 Long-term debt 1 3 4 1 1 1 2 1 17 36 74 54 1 5 19 IMF repurchases and charges 5 1 9 5 9 10 119 4 4 1 1 Short-termn debt (interest only) ..6 5 5 4 5 1 1 1 0 2. AGGREGATE N ET RESOUJRCE FLOW%S AND NE T TR_ANSFERS (LONG-TERM I NET RESOURCE FLOWS 7 56 79 80 231 115 128 101 98 97 Net flow of long-term debt (ex.TMI) -3 50 1 7 4 1 95 47 40 3 1 33 22 Foreign direct investment (net) 8 -19 32 -6 -7 -4 1 5 4 5 Portfolio equity flows 0 0 0 0 0 0 0 0 0 0 Grants (excluding technical coop.) 1 25 30 45 144 72 87 65 6 1 70 Memo: technical coop. grants 5 2 1 30 26 29 26 24 3 1 17 1 3 official net resource flows 5 63 43 86 238 119 155 96 94 92 private net resource flows 2 -7 36 -6 -7 -4 -27 5 4 5 NET TRANSFERS 0 43 24 69 217 92 107 88 88 86 Interest on long-term debt 3 8 4 10 13 20 19 10 8 8 Profit remittances on FDI 5 5 5 1 1 2 3 2 3 2 3 Memo: official net transfers 3 61 39 76 226 99 137 86 86 84 private net transfers -4 -17 -15 -7 -9 -7 -29 2 2 2 3. MAJOR ECONOI%IC AGGREGATES Gross national product (GNP) 412 1,168 800 623 718 813 810 909 812 629 Exports of goods &services (XGS) .. 276 210 204 179 218 129 128 92 112 of which workers remittances ..0 0 0 0 0 0 Imports of goods &services (MGS) .. 494 287 217 254 353 281 331 150 219 Intemnational reserves (RES) 39 3 1 5 19 29 41 35 27 38 44 Current account balance .. -165 -69 -5 -58 -89 -127 4. DEBT INDICATORS EDT /XGS (% . 169.9 547.2 609.4 779.4 685.8 912.8 920.3 1,244.9 1,109.3 EDT /GNP(% . 40.1 143.9 199.7 194.5 183.6 145.4 129.6 140.9 197.7 TDS /XGS(% . 23.8 10.1 16.8 17.5 73.4 61.5 46.1 17.8 18.2 INT /XGS (% . 5.6 4.4 8.9 10.1 28.6 16.0 9.2 9.8 8.3 INT /GNP(% . 1.3 1.2 2.9 2.5 7.7 2.6 1.3 1.1 1.5 RES /EDT(% . 6.5 0.5 1.5 2.1 2.7 2.9 2.3 3.4 3.6 RES /MGS (months) .. 0.7 0.2 1.1 1.4 1.4 1.5 1.0 3.1 2.4 Short-termn/ EDT (%) .. 11.3 38.1 38.2 39.3 33.3 9.1 8.9 7.7 8.7 Concessional / EDT (% . 37.3 27.1 30.8 35.3 39.5 59.4 62.5 63.7 62.8 Multilateral /EDT (%) .. 13.2 15.8 17.2 19.8 23.3 36.8 40.7 42.7 42.1 483 SIERRA LEONE (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 5. LONG-TERM DEBT DEBT OUTSTANDING (LDOD) 61 357 604 677 764 849 906 903 889 944 Public and publicly guaranteed 61 357 604 677 764 849 906 903 889 944 Official creditors 34 246 505 641 738 823 898 895 882 938 Multilateral 6 62 182 215 276 348 434 480 488 523 Concessional 0 39 170 201 261 329 412 458 470 504 Bilateral 28 184 323 427 461 475 464 416 394 415 Concessional 20 136 142 183 232 261 288 278 260 276 Private creditors 27 III 99 36 26 26 8 8 6 7 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 3 20 17 17 17 17 0 0 0 0 Otier private 24 91 83 19 9 9 8 8 6 7 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 0 0 Memo: IBRD 6 1 3 11 4 3 3 3 2 2 1 IDA 0 29 81 108 143 186 231 258 270 298 DISBURSEMENTS 8 84 24 52 100 64 95 75 40 33 Public and publicly guaranteed 8 84 24 52 100 64 95 75 40 33 Official creditors 4 42 20 52 100 64 95 75 40 33 Multilateral 3 9 1 46 67 61 87 73 40 28 Concessional 0 5 1 36 64 58 86 71 40 28 Bilateral 1 33 19 6 32 3 8 3 0 6 Concessional 1 28 19 6 32 3 8 3 0 6 Private creditors 4 42 4 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 0 0 Otherprivate 4 42 4 0 0 0 0 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commnercial banks 0 0 0 0 0 0 0 0 0 0 Memo: IBRD 3 2 0 0 0 0 0 0 0 0 IDA 0 2 0 32 36 38 44 35 27 21 PRINCIPAL REPAYMENTS 11 34 7 11 5 17 55 44 7 11 Public and publicly guaranteed 11 34 7 11 5 17 55 44 7 11 Official creditors 1 4 7 11 5 17 27 44 7 1 1 Multilateral 0 1 2 1 1 3 4 4 4 3 9 Concessional 0 0 0 4 2 3 3 4 3 9 Bilateral 1 3 5 0 2 13 23 40 4 2 Concessional 1 2 2 0 0 6 4 2 4 1 Private creditors 10 29 0 0 0 0 28 0 0 0 Bonds 5 0 0 0 0 0 0 0 0 0 Commercial banks 1 3 0 0 0 0 28 0 0 0 Other private 4 27 0 0 0 0 0 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Comimercial banks 0 0 0 0 0 0 0 0 0 0 Memo: IBRD 0 1 0 6 0 0 1 1 0 1 IDA 0 0 0 3 1 1 2 2 1 3 NET FLOWS ON DEBT -3 50 17 41 95 47 40 31 33 22 Public and pubtlcly guaranteed -3 50 17 41 95 47 40 31 33 22 Official creditors 3 38 13 41 95 47 68 31 33 22 Multilateral 3 8 -1 36 65 57 84 69 37 19 Concessional 0 5 1 32 62 55 83 67 37 19 Bilateral 1 30 13 6 30 -10 -16 -37 -4 4 Concessional 1 26 16 6 32 -3 4 0 -4 4 Private creditors -6 12 4 0 0 0 -28 0 0 0 Bonds -5 0 0 0 0 0 0 0 0 0 Commiercial banks -1 -3 0 0 0 0 -28 0 0 0 Other private -1 1 5 4 0 0 0 0 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 0 0 Memo: ]IBRD 3 2 0 -6 0 0 -l -1 0 -1 IDA 0 2 0 29 35 37 42 34 26 19 484 SIERRA LEONE (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 INTEREST PAYMENTS (LINT) 3 8 4 10 13 20 19 10 8 8 Public and publicly guaranteed 3 8 4 10 13 20 19 10 8 8 Official creditors 1 2 4 10 13 20 19 10 8 8 Multilateral 0 1 2 8 2 2 3 3 2 5 Concessional 0 0 1 4 2 2 2 3 2 5 Bilateral 1 1 2 2 10 17 16 7 5 3 Concessional 1 0 1 2 1 2 3 1 5 0 Private creditors 1 5 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Cornmercial banks 0 1 0 0 0 0 0 0 0 0 Other private 1 4 0 0 0 0 0 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Conmnercial banks 0 0 0 0 0 0 0 0 0 0 Memo: IBRD 0 1 0 4 0 0 0 0 0 0 ]DA 0 0 0 4 1 1 2 2 1 3 NET TRANSFERS ON DEBT -5 43 13 31 82 27 21 22 25 14 Public and publicly guaranteed -5 43 13 31 82 27 21 22 25 14 Official creditors 2 36 9 31 82 27 50 22 25 14 Multilateral 3 7 -3 28 62 55 81 65 35 14 Concessional 0 5 0 27 60 53 81 64 35 15 Bilateral -1 29 12 3 20 -28 -31 -44 -9 1 Concessional 0 26 15 3 31 -5 1 -1 -8 4 Private creditors -7 7 4 0 0 0 -28 0 0 0 Bonds -5 0 0 0 0 0 0 0 0 0 Commercial banks -1 -4 0 0 0 0 -28 0 0 0 Other private -1 11 4 0 0 0 0 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Conmmercial banks 0 0 0 0 0 0 0 0 0 0 Memno: IBRD 2 1 0 -10 -1 -1 -1 -1 0 -1 IDA 0 2 0 26 34 36 41 32 25 16 DEBT SERVICE (LTDS) 13 41 11 21 17 36 74 54 15 19 Public and publicly guaranteed 13 41 11 21 17 36 74 54 15 19 Official creditors 2 6 11 21 17 36 45 54 15 19 Multilateral 0 2 4 19 5 6 6 7 5 14 Concessional 0 0 1 9 4 5 5 7 5 13 Bilateral 2 4 7 2 12 30 39 46 10 5 Concessional 2 2 4 2 1 8 6 4 9 1 Private creditors 11 35 0 0 0 0 28 0 0 0 Bonds 5 0 0 0 0 0 0 0 0 0 Commercial banks 1 4 0 0 0 0 28 0 0 0 Other private 5 31 0 0 0 0 0 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Comimercial banks 0 0 0 0 0 0 0 0 0 0 Memo: IBRD 0 1 0 10 1 1 1 1 0 1 IDA 0 0 0 6 2 2 3 4 2 6 UNDISBURSED DEBT 25 116 164 302 327 307 263 219 163 156 Official creditors 22 95 164 302 327 307 263 219 163 156 Private creditors 2 22 0 0 0 0 0 0 0 0 Memorandum itemns Concessional LDOD 20 175 312 384 492 590 700 736 729 780 Variable rate LDOD 6 0 8 9 6 8 12 12 11 11 Public sector LDOD 61 357 604 677 764 849 906 903 889 944 Private sector LDOD 0 0 0 0 0 0 0 0 0 0 6. CURRIENCI COMPOS[TION OF LONG-TERM DEBT iPERCEN-Ti Deutsche miark 10.9 15.7 4.8 3.2 2.2 2.1 1.7 1.6 1.5 1.5 French franc 19.1 2.7 6.1 4.6 4.0 3.1 2.8 2.7 2.6 2.6 Japanese yen 0.0 4.8 7.4 6.6 5.8 9.5 8.7 7.6 6.8 7.2 Pound sterling 38.9 10.0 2.2 1.4 0.7 0.5 0.6 0.7 0.7 0.7 Swiss franc 0.8 10.7 8.3 5.0 3.7 3.5 3.3 2.8 2.7 2.7 U.S.dollars 16.9 23.4 30.3 43.1 46.1 43.5 40.3 39.5 42.3 41.7 Multiple currency 10.3 4.0 5.4 5.1 7.3 8.9 11.6 12.5 12.9 13.0 Special drawing rights 0.0 0.0 11.1 9.5 9.3 9.9 10.2 10.9 10.7 10.7 All other currencies 3.1 28.7 24.4 21.5 20.9 19.0 20.8 21.7 19.8 19.9 485 SIERRA LEONE (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 '7. DEBT RESTRUICTIURINGS Total amount rescheduled 0 195 47 107 31 24 55 1 Debt stock rescheduled ..0 0 0 0 0 0 0 0 Principal rescheduled 0 118 34 72 26 14 46 1 Official 0 64 25 70 25 13 45 1 Private 0 54 10 2 1 1 1 0 Interest rescheduled 0 77 12 35 4 9 9 0 Official 0 57 8 33 4 9 9 0 Private ..0 20 5 2 0 0 0 0 Debt forgiven 0 26 9 28 18 5 0 0 Memo: interest forgiven 0 1 3 2 2 119 0 3 0 Debt stock reduction 0 0 0 0 222 0 0 0 of which debt buyback 0 0 0 0 29 0 0 0 S. DEBT STOCK-FLO%~ RECONCILIATION Total change in debt stocks ..85 39 151 97 -315 1 -34 99 Net flows on debt -8 62 11 112 161 90 -136 41 24 46 Net change in interest arrears 32 -89 -3 -38 -11 0 0 12 Interest capitalized 0 77 12 35 4 9 9 0 Debt forgiveness or reduction 0 -26 -9 -28 -210 -5 0 0 Cross-currency valuation ... 47 -25 -11 34 17 -22 -36 25 Residual ... -5 -10 0 4 21 -22 -31 16 9. AVRFJAGE TERMIS OF NEW COMIMITMENTS ALL CREDITORS Interest (%) 2.9 5.3 2.3 1.5 0.7 1.5 0.6 0.6 0.0 1.2 Maturity (years) 26.7 25.5 26.6 39.3 38.9 43.5 32.6 34.5 0.0 41.5 Grace period (years) 5.6 5.9 8.9 9.3 10.2 8.9 7.8 8.5 0.0 8.7 Grant element (%) 49.9 32.7 60.8 72.3 80.2 73.2 70.4 73.0 0.0 75.0 Ofricial creditors Interest (%) 2.1 4.7 1.2 1.5 0.7 1.5 0.6 0.6 0.0 1.2 Maturity (years) 33.0 30.3 30.6 39.3 38.9 43.5 32.6 34.5 0.0 41.5 Grace period (years) 6.8 7.7 10.2 9.3 10.2 8.9 7.8 8.5 0.0 8.7 Grant element (%) 61.6 40.4 71.1 72.3 80.2 73.2 70.4 73.0 0.0 75.0 Private creditors Interest (%) 5.4 7.0 9.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Maturity (years) 6.7 12.8 3.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Grace period (years) 1.7 1.3 1.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Grant element (%) 12.7 12.5 1.2 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memorandum items Commnitments 25 68 27 181 137 35 48 69 0 21 Official creditors 19 49 23 181 137 35 48 69 0 21 Private creditors 6 19 4 0 0 0 0 0 0 0 10. CONTRACTUA.L OBLIGATIONS ON OUTST.ANDING LONG-TERMN DEBT 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 TOTAL Disbursements 65 42 25 15 6 2 1 0 0 0 Principal 22 23 26 32 35 37 38 37 37 39 Interest 19 19 18 18 17 16 15 14 13 12 Official creditors Disbursements 65 42 25 15 6 2 1 0 0 0 Principal 22 23 26 32 35 37 38 37 37 39 Interest 19 1 8 1 8 17 17 16 15 14 13 12 Bilateral creditors Disbursements 4 3 2 1 0 0 0 0 0 0 Principal 1 1 13 15 20 20 20 20 19 20 22 Interest 14 14 13 13 12 1 1 10 10 9 8 Multilateral creditors Disbursements 61 39 23 14 6 2 1 0 0 0 Principal 10 10 10 12 15 17 18 1 8 17 17 Interest 4 4 5 5 5 4 4 4 4 4 Private creditors Disbursements 0 0 0 0 0 0 0 0 0 0 Principal 0 0 0 0 0 0 0 0 0 0 Interest 0 0 0 0 0 0 0 0 0 0 Commercial banks Disbursements 0 0 0 0 0 0 0 0 0 0 Principal 0 0 0 0 0 0 0 0 0 0 Interest 0 0 0 0 0 0 0 0 0 0 Other private Disbursements 0 0 0 0 0 0 0 0 0 0 Principal 0 0 0 0 0 0 0 0 0 0 Interest 0 0 0 0 0 0 0 0 00 486 SLOVAK REPUBLIC (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 I. SUMIMARY DEBT DATA TOTAL DEBT STOCKS (EDT) 2,008 2,746 3,393 4,754 5,784 6,090 8,950 9,893 Long-term debt (LDOD) 1,505 1,710 2,121 2,876 3,613 4,541 6,540 7,722 Public and publicly guaranteed 1,505 1,710 2,120 2,863 3,528 3,995 4,618 4,452 Private nonguaranteed .. 0 0 1 13 85 546 1,922 3,270 Use of IMF credit 0 0 0 469 557 642 457 319 249 190 Short-term debt 503 567 715 1,236 1,714 1,229 2,161 1,981 of which interest affears on LDOD 0 0 0 0 0 0 0 0 Official creditors 0 0 0 0 0 0 0 0 Private creditors 0 0 0 0 0 0 0 0 Memo: principal affears on LDOD 0 0 1 2 0 2 0 28 Official creditors 0 0 0 0 0 0 0 0 Private creditors 0 0 1 2 0 2 0 28 Memo: export credits 0 412 339 401 570 540 602 1,167 TOTAL DEBT FLOWS Disbursements ..436 330 984 1,145 1,061 1,760 1,876 2,571 Long-term debt .. 436 228 894 1,006 1,061 1,760 1,876 2,571 vIMEpurchases 0 0 0 102 90 138 0 0 0 0 Principal repayments 171 395 434 546 862 827 957 1,561 Long-term debt .. 171 380 434 457 662 703 905 1,494 IMFrepurchases 0 0 0 15 0 89 201 124 52 68 Net flowvs on debt 173 10 698 1,119 676 448 1,851 829 of which short-term debt .. -91 75 148 521 478 -484 932 -181 Interest paymnents (INT) .- 147 196 212 297 424 517 432 581 Long-term debt ... 84 120 153 182 287 294 238 460 IMF charges 0 0 0 32 32 30 32 17 1 3 10 Short-tertmdebt ... 63 44 27 85 105 206 181 110 Net transfers on debt 26 -186 486 823 252 -69 1,419 248 Total debt service paid (TDS) -.318 591 646 843 1,286 1,344 1,389 2,142 Long-termn debt ... 256 500 587 639 949 997 1,144 1,954 INVFrepurchases and charges 0 0 0 47 32 119 233 141 65 78 Short-termn debt (interest only) ... 63 44 27 85 105 206 181 110 2. AGREGATE NET RESOUJRCE FLOWS AND NET TRANSFERS (LONG-TERMNI NET RESOURCE FLOWS 270 -131 686 879 708 1,465 1,225 1,691 Net flow of long-term debt (ex. IMF) ... 264 -153 460 549 399 1,057 971 1,077 Foreign direct investment (net) . .. 0 0 199 270 236 351 174 562 Portfolio equity flows ... 0 0 0 0 60 0 48 0 Grants (excluding technical coop.) ... 5 22 27 61 14 57 33 52 Memo: technical coop. grants ... 0 42 23 1 8 68 33 23 30 official net resource flows ... -8 99 123 320 185 132 268 211 private net resource flows ... 278 -230 563 560 523 1,333 958 1,480 NET TRANSFERS -- 186 -250 533 698 421 1,165 977 1,219 Interest on long-term debt ... 84 120 153 182 287 294 238 460 Profit remiittances on FDI . . 0 0 0 0 0 6 10 12 Memo: official net transfers ... -20 72 104 289 143 90 222 138 private net transfers ... 206 -323 429 409 278 1,075 755 1,080 3. MAJOR ECONOMIC AGGREGATES Gross national product (GNP).. . 15,497 11,722 11,958 13,627 17,379 18,736 19,295 20,204 Exports of goods &services (XGS)... ... 7,576 9,123 11,219 11,117 12,131 13,450 of which workers remiittances .... .....0 4 7 Imports of goods & services (MGS)... ... 8,254 8,520 10,922 13,404 14,258 15,942 Intemnational reserves (RES) .... .. 920 2,186 3,863 3,895 3,605 3,240 Current account balance.. . ... -580 671 390 -2,090 -1,961 -2,126 4. DEBT INDICATORS EDT /XGS(% .... .. 44.8 52.1 51.6 54.8 73.8 73.6 EDT /GNP(% ... 13.0 23.4 28.4 34.9 33.3 32.5 46.4 49.0 TDS / XGS ()...... 8.5 9.2 11.5 12.1 11.5 15.9 IINT /XGS(% .... .. 2.8 3.3 3.8 4.7 3.6 4.3 INT /GNP(% ... 1.0 1.7 1.8 2.2 2.4 2.8 2.2 2.9 RES/IEDT(% . ... .. 27.1 46.0 66.8 64.0 40.3 32.8 RES / MGS (months) .... .. 1.3 3.1 4.2 3.5 3.0 2.4 Short-term /EDT (%) ... 25.1 20.7 21.1 26.0 29.6 20.2 24.2 20.0 Concessional /EDT (). .. 4.1 8.6 6.7 2.6 1.6 2.0 3.0 3.2 Multilateral / EDT (%) ... 4.4 8.5 8.5 9.2 9.0 8.8 6.3 6.9 487 SLOVAK REPUBLIC (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 5. LONG-TERMI DEBT DEBT OUTSTANDING (LDOD) ... 1,505 1,710 2,121 2,876 3,613 4,541 6,540 7,722 Public and publicly guaranteed ... 1,505 1,710 2,120 2,863 3,528 3,995 4,618 4,452 Official creditors 126 358 448 609 694 724 882 1,113 Multilateral 89 234 287 436 519 535 563 679 Concessional 82 122 136 40 0 0 0 0 Bilateral 36 124 161 173 175 190 319 434 Concessional 0 113 90 83 91 124 264 318 Private creditors 1,380 1,352 1,672 2,253 2,834 3,271 3,736 3,339 Bonds 0 73 348 552 581 861 850 280 Commercial banks 866 790 718 611 371 345 977 1,297 Other private 514 489 607 1,091 1,883 2,066 1,909 1,763 Private nonguaranteed ..0 0 1 13 85 546 1,922 3,270 Bonds 0 0 0 0 0 100 100 100 Commercial banks 0 0 1 1 3 85 446 1,822 3,170 Memo: IBRD 0 0 0 110 151 247 263 250 228 239 IDA 0 0 0 0 0 0 0 0 0 0 DISBURSEMENTS . . 436 228 894 1,006 1,061 1,760 1,876 2,571 Public and publicly guaranteed . . 436 227 893 994 992 1,267 1,590 747 Official creditors 8 134 112 281 226 97 286 212 Multilateral 2 44 44 231 149 51 104 129 Concessional 2 0 4 0 0 0 0 0 Bilateral 6 91 68 49 78 46 181 83 Concessional 0 86 0 26 77 46 166 22 Private creditors 428 93 781 713 766 1,170 1,305 535 Bonds 0 0 275 267 0 280 0 0 Commercial banks 209 23 222 117 57 210 1,271 528 Other private 218 70 285 329 709 680 34 7 Private nonguaranteed ..0 0 1 12 68 493 286 1,824 Bonds 0 0 0 0 0 100 0 0 Commercial banks 0 0 1 12 68 393 286 1,824 Memo: IBRD 0 0 0 44 40 86 8 6 1 3 15 IDA 0 0 0 0 0 0 0 0 0 0 PRINCIPAL REPAYMENTS .. 171 380 434 457 662 703 905 1,494 Public and publicly guaranteed . . 171 380 434 457 658 671 851 1,017 Official creditors 22 57 16 22 55 22 51 53 Multilateral 3 46 12 11 42 9 31 43 Concessional 0 42 11 11 0 0 0 0 Bilateral 19 11 4 1 1 13 13 20 10 Concessional 0 0 0 0 0 0 0 3 Private creditors 150 323 418 436 604 649 800 964 Bonds 0 0 0 63 0 0 10 570 Comimercial banks 14 105 200 158 194 225 609 238 Other private 136 218 218 215 410 425 181 156 Private nonguaranteed . .0 0 0 0 3 32 55 476 Bonds 0 0 0 0 0 0 0 0 Comimercial banks 0 0 0 0 3 32 55 476 Memo: IBRD 0 0 0 0 0 0 0 0 15 17 IDA 0 0 0 0 0 0 0 0 0 0 NET FLOWS ON DEBT 264 -153 460 549 399 1,057 971 1,077 Public and publicly guaranteed ... 264 -153 459 537 334 596 739 -271 Official creditors -14 77 96 259 172 75 235 159 Multilateral 0 -2 32 221 107 42 73 87 Concessional 2 -42 -6 -11 0 0 0 0 Bilateral -13 80 64 39 65 33 162 73 Concessional 0 86 0 26 77 46 166 19 Private creditors 278 -230 363 278 162 521 505 -430 Bonds 0 0 275 204 0 280 -10 -570 Commercial banks 195 -82 22 -41 -136 -14 662 289 Other private 83 -148 67 115 299 256 -147 -149 Private nonguaranteed ...0 0 1 12 65 461 232 1,348 Bonds 0 0 0 0 0 100 0 0 Commercial banks 0 0 1 12 65 361 232 1,348 Memo: IBRD 0 0 0 44 40 86 8 6 -2 -2 IDA 0 0 0 0 0 0 0 0 0 0 488 SLOVAK REPUBLIC (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 INTEREST PAYMENTS (LINT) 84 120 153 182 287 294 238 460 Public and publicly guaranteed 84 120 153 181 286 271 207 269 Official creditors ..12 27 19 31 42 41 46 73 Multilateral 9 23 17 24 34 32 36 56 Concessional 8 17 8 1 1 0 0 0 0 Bilateral 3 4 1 6 8 9 10 17 Concessional 0 3 0 0 2 4 5 5 Private creditors 72 93 134 151 244 230 161 196 Bonds o 7 12 7 53 58 61 60 Commnercial banks ... 46 54 79 86 51 22 39 78 Other private 27 32 43 58 141 150 61 58 Private nonguaranteed 0 0 0 0 1 23 31 192 Bonds o 0 0 0 0 0 6 7 Commercial banks 0 0 0 0 1 23 26 185 Memo: IBRD 0 0 0 5 9 12 17 17 16 14 IDA 0 0 0 0 0 0 0 0 0 0 NET TRANSFERS ON DEBT 180 -272 307 367 112 763 732 617 Public and publicly guaranteed 180 -272 306 355 48 325 532 -539 Official creditors -26 51 77 228 129 34 189 87 Multilateral -9 -25 15 196 73 9 37 30 Concessional ..-6 -59 -15 -21 0 0 0 0 Bilateral -17 75 62 32 56 24 152 56 Concessional 0 83 0 26 76 42 161 13 Private creditors 206 -323 229 127 -82 291 343 -626 Bonds o -7 263 197 -53 222 -72 -630 Commnercial banks 150 -136 -57 -127 -187 -36 623 211 Other private 56 -180 24 57 158 106 -208 -207 Private nonguaranteed 0 0 1 12 64 438 200 1,156 Bonds 0 0 0 0 0 100 -6 -7 Commercial banks 0 0 1 12 64 338 206 1,163 Memo: IBRD 0 0 0 39 31 74 -9 -11 -18 -16 IDA 0 0 0 0 0 0 0 0 0 0 DEBT SERVICE (LTDS) .. 256 500 587 639 949 997 1,144 1,954 Public and publicly guaranteed 256 500 587 638 945 942 1,058 1,286 Official creditors 34 84 34 52 97 63 97 126 Multilateral ii 68 29 35 76 41 67 99 Concessional 8 59 19 21 0 0 0 0 Bilateral 22 15 5 17 21 22 29 27 Concessional ..0 3 0 0 2 4 5 8 Private creditors 222 416 552 586 848 879 961 1,160 Bonds o 7 12 70 53 58 72 630 Commercial banks 59 159 280 244 244 246 648 317 Other private 162 250 261 273 551 574 242 214 Private nonguaranteed ...0 0 0 1 4 55 86 668 Bonds o 0 0 0 0 0 6 7 Comimercial banks 0 0 0 1 4 55 80 661 Memo: IBRD 0 0 0 5 9 12 17 17 30 31 IDA 0 0 0 0 0 0 0 0 0 0 UNDISBURSED DEBT ... 211 218 428 378 317 871 775 346 Official creditors 0 167 358 324 173 358 320 224 Private creditors 211 50 71 54 143 513 455 122 Memorandum items Concessional LDOD ... 82 236 226 123 91 124 264 318 Variable rate LDOD ... 182 206 226 414 809 1,285 3,323 4,998 Public sector LDOD ... 1,505 1,692 2,059 2,696 3,293 3,747 4,339 4,153 Private sector LDOD ...0 18 62 180 320 795 1,067 3,457 6. CURR1ENCY COMPOSITION OF LONG-TERMI DEB'T (PERCENT) Deutsche mark ... 39.2 24.0 15.2 12.8 4.6 4.4 6.9 10.6 French franc 4.7 6.1 4.1 3.2 3.0 2.3 1.4 1.2 Japanese yen ... 3.7 1.2 0.7 0.8 2.6 3.1 5.7 7.1 Pound sterling ... 0.5 0.1 0.0 0.2 0.1 0.1 0.0 0.0 Swiss franc 5.1 2.0 1.0 0.3 0.1 0.4 0.5 1.1 U.S.dollars ... 35.5 32.5 24.8 14.5 4.6 14.7 21.6 27.5 Multiple currency ... 5.6 30.8 52.7 66.2 81.5 71.5 59.8 47.1 Special drawing rights... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 All other currencies... 5.7 3.3 1.5 2.0 3.5 3.5 4.1 5.4 489 SLOVAK REPUBLIC (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 7. DEBT RESTRUJCTLJRINGS Total amount rescheduled 0 0 0 0 0 0 0 0 Debt stock rescheduled 0 0 0 0 0 0 0 0 Principal rescheduled 0 0 0 0 0 0 0 0 Official 0 0 0 0 0 0 0 0 Private 0 0 0 0 0 0 0 0 Interest rescheduled 0 0 0 0 0 0 0 0 Official 0 0 0 0 0 0 0 0 Private 0 0 0 0 0 0 0 0 Debt forgiven 0 0 0 1 0 0 0 0 Memo: interest forgiven 0 0 0 0 0 0 0 0 Debt stock reduction 0 0 0 0 0 0 0 0 of wbich debt buyback 0 0 0 0 0 0 0 0 8. DEBT STOCK-FLOW RECONCtLLATION Total change in debt stocks 181 9 1 647 1,362 1,030 306 2,860 943 Net flows on debt 173 1 0 698 1,119 676 448 1,851 829 Net change in interest arrears ...0 0 0 0 0 0 0 0 Interest capitalized ...0 0 0 0 0 0 0 0 Debt forgiveness or reduction ...0 0 0 -1 0 0 0 0 Cross-currency valuation ... 119 -41 -26 72 38 -61 -123 107 Residual ... -111 122 -24 171 317 -81 1,133 6 9. AVERAGE TERM~S OF NEW CONMAITNEN IS ALL CREDITORS Interest (%) ... 7.8 6.3 8.6 7.8 5.9 6.2 5.8 7.3 Maturity (years) ... 6.0 12.9 12.5 10.7 7.4 9.3 6.3 7.0 Grace period (years) ... 3.6 3.9 7.3 5.9 3.5 4.1 2.0 3.0 Grant element (%) ... 6.9 17.6 2.1 7.0 18.2 15.5 12.6 10.2 Official creditors Interest (%) ... 3.4 6.7 5.2 6.0 3.1 5.2 3.9 6.0 Maturity (years) ... 19.1 13.1 15.6 12.0 14.3 14.0 13.8 12.6 Grace period (years) . 5.3 4.4 5.1 3.0 4.5 4.6 4.9 3.0 Grant element (%) ... 46.1 16.2 28.3 17.5 38.7 26.5 34.0 19.7 Private creditors Interest (%) ... 7.8 5.0 10.7 8.7 7.3 6.5 6.3 7.9 Maturity (years) . . 5.9 12.1 10.7 10.0 3.7 7.8 4.6 4.2 Grace period (years) ... 3.5 2.3 8.6 7.4 2.9 3.9 1.3 3.0 Grant element (%) ... 6.6 22.8 -13.7 1.7 7.3 12.1 7.8 5.3 Memorandum items Commuritments ... 265 176 854 817 270 1,235 1,554 301 Official creditors ...2 138 321 276 94 292 282 103 Private creditors ... 263 38 533 541 176 944 1,272 198 10. CONTRACTUL_rI OBLIGATIONS ON OUJTSTANDING LONG-TERMN DEBT 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 TOTAL Disbursements 171 96 53 17 8 1 0 0 0 0 Principal 1,128 1,005 990 865 827 739 734 595 275 231 Interest 374 328 279 237 193 150 113 77 42 30 Official creditors Disbursements 98 65 40 14 7 1 0 0 0 0 Principal 72 87 104 139 140 129 129 129 ill 94 Interest 57 56 52 56 48 41 33 26 20 14 Bilateral creditors Disbursements 31 12 8 1 0 0 0 0 0 0 Principal 14 24 34 55 48 48 48 48 48 45 Interest 15 15 14 16 14 12 10 8 6 4 Multilateral creditors Disbursements 67 53 33 13 7 1 0 0 0 0 Principal 58 64 70 85 92 8 1 8 1 8 1 63 49 Interest 42 41 39 40 34 29 24 19 14 10 Private creditors Disbursements 73 32 12 3 1 0 0 0 0 0 Principal 1,056 918 886 725 686 610 606 466 164 137 Interest 317 272 227 181 145 109 80 5 1 22 16 Commnercial banks Disbursements 58 14 4 1 0 0 0 0 0 0 Principal 422 216 268 136 65 58 53 5 1 50 27 Interest 79 62 50 3 1 22 17 1 3 9 5 2 Other private Disbursements 1 5 17 9 3 1 0 0 0 0 0 Principal 635 702 618 589 622 553 553 415 114 110 Interest 237 210 177 150 123 92 67 42 17 14 490 SOLOMON ISLANDS (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 1. SUMMIARY DEBT DA r.- TOTAL DEBT STOCKS (EDT) .. 19.4 120.5 94.3 150.5 154.9 157.5 145.1 135.4 152.4 Long-term debt (LDOD) .. 17.4 103.2 92.5 144.4 152.9 147.8 143.6 133.2 149.5 Public and publicly guaranteed .. 17.4 103.2 92.5 94.3 98.4 99.0 98.0 92.0 108.3 Private nonguaranteed .. 0.0 0.0 0.0 50.1 54.5 48.8 45.6 41.2 41.2 Use of IMF credit 0.0 0.0 0.7 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Short-term debt .. 2.0 16.6 1.8 6.1 2.0 9.7 1.4 2.2 2.9 ofwliich interest arrears on LDOD .. 0.0 0.1 0.2 0.0 0.0 8.4 0.6 2.1 1.7 Official creditors .. 0.0 0.1 0.1 0.0 0.0 0.5 0.4 1.6 1.0 Private creditors .. 0.0 0.0 0.1 0.0 0.0 8.0 0.2 0.5 0.7 Memo: principal arrears on LDOD .. 0.0 0.2 0.5 0.0 1.2 11.4 2.4 7.5 6.6 Official creditors .. 0.0 0.2 0.3 0.0 0.0 1.5 2.2 4.0 3.1 Private creditors .. 0.0 0.0 0.2 0.0 1.2 9.9 0.2 3.5 3.5 Memo: export credits .. 0.0 29.0 65.0 64.0 62.0 64.0 54.0 55.0 40.0 TOTAL DEBT FLOWS Disbursements .. 4.0 5.2 4.9 8.0 10.4 10.5 4.3 2.8 17.9 Long-term debt .. 4.0 5.2 4.9 8.0 10.4 10.5 4.3 2.8 17.9 IMF purchases 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal repayments .. 0.0 7.9 5.2 7.1 12.5 6.5 6.3 4.4 4.7 Long-termn debt .. 0.0 7.0 5.2 7.1 12.5 6.5 6.3 4.4 4.7 vIMF repurchases 0.0 0.0 0.8 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Net flows on debt .. 4.9 13.8 -29.7 5.4 -6.3 3.2 -2.4 -2.3 14.2 of which short-term debt .. 1.0 16.5 -29.4 4.5 -4.1 -0.8 -0.4 -0.7 1.0 Interest payments (INT) .. 0.3 3.7 2.4 2.8 3.3 1.6 2.1 1.3 1.9 Long-term debt .. 0.0 3.1 1.5 2.6 3.1 1.5 2.0 1.3 1.8 IMF charges 0.0 0.0 0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Short-term debt .. 0.3 0.5 0.9 0.2 0.2 0.1 0.0 0.0 0.1 Net transfers on debt .. 4.7 10.1 -32.1 2.6 .9.6 1.6 -4.5 -3.7 12.3 Total debt service paid (TDS) .. 0.3 11.6 7.6 10.0 15.9 8.1 8.4 5.7 6.5 Long-termn debt .. 0.0 10.1 6.7 9.7 15.6 8.0 8.3 5.7 6.5 IMF repurchases and charges 0.0 0.0 1.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Short-termndebt (interest only) .. 0.3 0.5 0.9 0.2 0.2 0.1 0.0 0.0 0.1 2.AGGREGATE NET RESOURCE FLOWS AND NET TRANSFERS (LONG-TERNI I NET RESOURCE FLOWS .. 27.3 28.4 34.3 23.9 26.5 41.3 37.6 36.1 46.7 Net flow of long-termndebt (ex.MF .. 3.9 -1.8 -0.3 0.9 -2.2 4.0 -2.0 -1.6 13.2 Foreign direct investment (net) .. 2.4 10.0 14.0 13.0 11.0 18.0 21.0 22.0 23.0 Portfolio equity flows .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Grants (excluding technical coop.) .. 21.0 20.2 20.6 10.0 17.6 19.3 18.6 15.8 10.5 Memo: technical coop. grants .. 11.5 19.5 2.0 21.3 25.5 26.0 20.9 18.5 17.5 official net resource flows .. 24.9 21.5 21.7 10.7 17.5 21.5 20.7 17.8 24.1 private net resource flows .. 2.4 6.9 12.6 13.2 9.0 19.8 16.9 18.3 22.6 NET TRANSFERS -. 12.4 23.3 28.8 16.3 17.4 34.8 28.5 26.8 35.9 Interest on long-terindebt .. 0.0 3.1 1.5 2.6 3.1 1.5 2.0 1.3 1.8 Profit remittances on FDI .. 14.9 2.0 4.0 5.0 6.0 5.0 7.0 8.0 9.0 Memo: official net transfers .. 24.9 19.9 20.7 8.9 16.0 20.7 19.5 17.5 22.6 private net transfers .. -12.5 3.4 8.1 7.4 1.4 14.1 9.0 9.3 13.3 3. MAJOR ECONOMIC AGGREGATES Gross national product (GNP) .. 107.9 207.3 258.7 255.3 289.9 320.7 355.9 367.3 295.3 Exports of goodls &services (XGS) .. 85.0 97.8 138.8 172.2 193.6 211.3 217.0 229.5 199.0 of which workers remittances .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Imports of goods & services (MGS) .. 117.0 163.6 176.4 222.2 252.6 239.4 245.4 302.9 224.4 Intemnational reserves (RLES) .. 29.6 17.6 23.5 20.1 17.4 15.9 32.6 36.3 49.0 Current account balance .. -12.2 -27.8 1.3 -7.7 -3.4 8.3 14.6 -37.9 8.1 _4. DEBT INDICATORS EDT / XGS (%) .. 22.8 123.2 68.0 87.4 80.0 74.5 66.9 59.0 76.6 EDT /GNP (%) .. 18.0 58.1 36.5 59.0 53.4 49.1 40.8 36.9 51.6 TDS /XGS (%) .. 0.4 11.9 5.5 5.8 8.2 3.8 3.9 2.5 3.3 IINT /XGS (% . 0.4 3.8 1.7 1.6 1.7 0.8 1.0 0.6 1.0 INT /GNP(% . 0.3 1.8 0.9 1.1 1.1 0.5 0.6 0.4 0.6 RES /EDT(% . 152.6 14.6 24.9 13.3 11.2 10.1 22.5 26.8 32.2 RES /MGS (months) .. 3.0 1.3 1.6 1.1 0.8 0.8 1.6 1.4 2.6 Short-term /EDT (%) .. 10.3 13.8 1.9 4.1 1.3 6.2 1.0 1.6 1.9 Concessional /EDT (%) .. 89.7 64.2 77.9 50.4 53.6 54.7 60.3 60.4 64.4 Multilateral /EDT (%) .. 36.6 51.0 66.9 44.6 48.3 49.7 54.7 54.9 60.1 491 SOLOMON ISLANDS (US mllon unes ohewis idiatd) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 5. LONG-TERM% DEBT DEBT OUTSTANDING (LDOD) .. 17.4 103.2 92.5 144.4 152.9 147.8 143.6 133.2 149.5 Public and publicly guaranteed 17.4 103.2 92.5 94.3 98.4 99.0 98.0 92.0 108.3 Official creditors 17.4 89.1 83.2 84.7 91.2 93.8 93.8 87.8 104.5 Multilateral .. 7.1 61.5 63.1 67.1 74.8 78.2 79.4 74.3 91.6 Concessional .. 7.1 61.5 63.1 67.1 74.8 78.2 79.4 74.3 91.6 Bilateral .. 10.3 27.7 20.1 17.6 16.4 15.6 14.4 13.5 12.9 Concessional .. 10.3 15.8 10.4 8.7 8.2 8.0 8.1 7.5 6.6 Private creditors .. 0.0 14.1 9.3 9.5 7.2 5.2 4.2 4.2 3.8 Bonds .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Conimiercial banks .. 0.0 10.9 5.5 2.7 0.0 0.0 0.0 0.0 0.0 Other private .. 0.0 3.2 3.9 6.8 7.2 5.2 4.2 4.2 3.8 Private nonguaranteed .. 0.0 0.0 0.0 50.1 54.5 48.8 45.6 41.2 41.2 Bonds .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks .. 0.0 0.0 0.0 50.1 54.5 48.8 45.6 41.2 41.2 Memo: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 0.0 0.0 16.6 18.4 19.6 22.4 25.9 29.2 29.9 32.7 DISBURSEMENTS .. 4.0 5.2 4.9 8.0 10.4 10.5 4.3 2.8 17.9 Public and publicly guaranteed .. 4.0 5.2 4.9 8.0 2.8 7.8 4.3 2.8 17.9 Official creditors .. 4.0 5.2 3.4 4.5 2.8 3.5 4.3 2.8 17.9 Multilateral .. 4.0 5.2 3.4 4.5 2.8 3.5 4.3 2.8 17.9 Concessional . 4.0 5.2 3.4 4.5 2.8 3.5 4.3 2.8 17.9 Bilateral .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Concessional .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private creditors .. 0.0 0.0 1.5 3.5 0.0 4.2 0.0 0.0 0.0 Bonds .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Other private .. 0.0 0.0 1.5 3.5 0.0 4.2 0.0 0.0 0.0 Private nonguaranteed .. 0.0 0.0 0.0 0.0 7.6 2.8 0.0 0.0 0.0 Bonds .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commnercial banks .. 0.0 0.0 0.0 0.0 7.6 2.8 0.0 0.0 0.0 Memo: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 0.0 0.0 2.5 0.5 1.2 1.8 3.2 4.3 2.6 1.9 PRINCIPAL REPAYMENTS .. 0.0 7.0 5.2 7.1 12.5 6.5 6.3 4.4 4.7 Public and publicly guaranteed .. 0.0 7.0 5.2 7.1 6.0 1.8 3.1 0.7 4.7 Official creditors .. 0.0 3.9 2.2 3.8 2.9 1.3 2.2 0.7 4.3 Multilateral .. 0.0 0.5 0.7 0.9 0.9 0.6 0.9 0.3 3.3 Concessional .. 0.0 0.5 0.7 0.9 0.9 0.6 0.9 0.3 3.3 Bilateral .. 0.0 3.4 1.5 2.9 2.0 0.7 1.3 0.4 1.0 Concessional .. 0.0 1.4 1.4 1.6 0.8 0.2 0.4 0.4 1.0 Private creditors .. 0.0 3.1 2.9 3.3 3.1 0.5 0.9 0.0 0.4 Bonds .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Comimercial banks .. 0.0 2.7 2.7 2.7 2.7 0.0 0.0 0.0 0.0 Other private .. 0.0 0.4 0.2 0.6 0.4 0.5 0.9 0.0 0.4 Private nonguaranteed .. 0.0 0.0 0.0 0.0 6.5 4.7 3.2 3.7 0.0 Bonds .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks .. 0.0 0.0 0.0 0.0 6.5 4.7 3.2 3.7 0.0 Memo: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 0.0 0.0 0.0 0.0 0.1 0.1 0.1 0.2 0.2 0.2 NET FLOWS ON DEBT .. 3.9 -1.8 -0.3 0.9 -2.2 4.0 -2.0 -1.6 13.2 Public and publicly guaranteed .. 3.9 .1.8 -0.3 0.9 -3.2 6.0 1.2 2.0 13.2 Official creditors .. 3.9 1.3 1.1 0.7 -0. 1 2.2 2.1 2.0 13.6 Multilateral .. 4.0 4.7 2.6 3.6 1.9 2.9 3.4 2.4 14.6 Concessional .. 4.0 4.7 2.6 3.6 1.9 2.9 3.4 2.4 14.6 Bilateral .. 0.0 -3.4 -1.5 -2.9 -2.0 -0.7 -1.3 -0.4 -1.0 Concessional .. 0.0 -1.4 -1.4 -1.6 -0.8 -0.2 -0.4 -0.4 -1.0 Private creditors . 0.0 -3.1 -1.4 0.2 -3.1 3.8 -0.9 0.0 -0.4 Bonds .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks . 0.0 -2.7 -2.7 -2.7 -2.7 0.0 0.0 0.0 0.0 Other private .. 0.0 -0.4 1.3 2.9 -0.4 3.8 -0.9 0.0 -0.4 Private nouguaranteed . 0.0 0.0 0.0 0.0 1.1 -2.0 -3.2 -3.7 0.0 Bonds .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks . 0.0 0.0 0.0 0.0 1.1 -2.0 -3.2 -3.7 0.0 Memo: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.00. IDA 0.0 0.0 2.5 0.5 1.1 1.7 3.1 4.2 2.4 1.7 492 SOLOMON ISLANDS (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 INTEREST PAYMENTS (LINT) .. 0.0 3.1 1.5 2.6 3.1 1.5 2.0 1.3 1.8 Public and publicly guaranteed .. 0.0 3.1 1.5 2.6 2.1 0.9 1.5 0.3 1.8 Official creditors .. 0.0 1.6 1.0 1.8 1.5 0.8 1.2 0.3 1.5 Multilateral .. 0.0 0.6 0.6 0.7 0.7 0.5 0.6 0.2 1.5 Concessional .. 0.0 0.6 0.6 0.7 0.7 0.5 0.6 0.2 1.5 Bilateral .. 0.0 1.0 0.4 1.2 0.8 0.3 0.6 0.1 0.0 Concessional .. 0.0 0.0 0.1 0.2 0.1 0.0 0.1 0.1 0.0 Private creditors .. 0.0 1.5 0.5 0.8 0.6 0.1 0.4 0.0 0.3 Bonds .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks .. 0.0 1.2 0.4 0.2 0.1 0.0 0.0 0.0 0.0 Other private .. 0.0 0.3 0.1 0.5 0.5 0.1 0.4 0.0 0.3 Private nonguaranteed .. 0.0 0.0 0.0 0.0 1.0 0.6 0.5 1.0 0.0 Bonds .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commnercial banks .. 0.0 0.0 0.0 0.0 1.0 0.6 0.5 1.0 0.0 Memo: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 0.0 0.0 0.1 0.1 0.2 0.1 0.2 0.2 0.2 0.2 NET TRANSFERS ON DEBT .. 3.9 -4.9 -1. -1.7 -5.3 2.5 -4.0 -2.9 11A Public and publicly guaranteed .. 3.9 -4.9 .1.8 -1.7 .5.3 5.1 -0.3 1.7 11.4 Official creditors .. 3.9 -0.3 0.1 -1.1 -1.6 1.4 0.9 1.7 12.1 Multilateral .. 3.9 4.1 2.0 2.9 1.2 2.4 2.9 2.2 13.1 Concessional .. 3.9 4.1 2.0 2.9 1.2 2.4 2.9 2.2 13.1 Bilateral .. 0.0 -4.4 -2.0 -4.0 -2.8 -1.0 -1.9 -0.5 -1.1 Concessional .. 0.0 -1.4 -1.5 -1.8 -0.9 -0.2 -0.5 -0.5 -1.1 Private creditors .. 0.0 -4.7 -1.9 -0.6 -3.7 3.7 -1.3 0.0 -0.6 Bonds .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks .. 0.0 -3.9 -3.1 -2.9 -2.8 0.0 0.0 0.0 0.0 Other private .. 0.0 -0.7 1.2 2.4 -0.9 3.7 -1.3 0.0 -0.6 Private nonguaranteed .. 0.0 0.0 0.0 0.0 0.0 -2.5 -3.7 -4.6 0.0 Bonds .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks .. 0.0 0.0 0.0 0.0 0.0 -2.5 -3.7 -4.6 0.0 Memo: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 0.0 0.0 2.4 0.4 0.9 1.6 3.0 4.0 2.2 1.4 DEBT SERVICE (LTDS) .. 0.0 10.1 6.7 9.7 15.6 8.0 8.3 5.7 6.5 Public and publicly guaranteed .. 0.0 10.1 6.7 9.7 8.1 2.7 4.6 1.1 6.5 Official creditors .. 0.0 5.5 3.3 5.7 4.4 2.1 3.4 1.1 5.8 Multilateral .. 0.0 1.1 1.3 1.6 1.6 1.1 1.5 0.6 4.8 Concessional .. 0.0 1.1 1.3 1.6 1.6 1.1 1.5 0.6 4.8 Bilateral .. 0.0 4.4 2.0 4.0 2.8 1.0 1.9 0.5 1.1 Concessional .. 0.0 1.4 1.5 1.8 0.9 0.2 0.5 0.5 1.1 Private creditors .. 0.0 4.7 3.4 4.1 3.7 0.6 1.3 0.0 0.6 Bonds .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks .. 0.0 3.9 3.1 2.9 2.8 0.0 0.0 0.0 0.0 Other private .. 0.0 0.7 0.3 1.2 0.9 0.6 1.3 0.0 0.6 Private nonguaranteed .. 0.0 0.0 0.0 0.0 7.5 5.3 3.7 4.6 0.0 Bonds .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks .. 0.0 0.0 0.0 0.0 7.5 5.3 3.7 4.6 0.0 Memo: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 0.0 0.0 0.1 0.2 0.3 0.3 0.3 0.3 0.4 0.4 UNDISBURSED DEBT .. 12.9 25.4 11.3 20.8 18.5 15.7 10.8 7.3 17.0 Official creditors .. 12.9 10.4 8.1 20.8 18.5 15.7 10.8 7.3 17.0 Private creditors .. 0.0 15.0 3.1 0.0 0.0 0.0 0.0 0.0 0.0 Memorandum items Concessional LDOD .. 17.4 77.2 73.5 75.8 83.0 86.2 87.5 81.8 98.2 Variable rate LDOD .. 0.0 10.9 5.5 52.9 54.5 48.8 45.6 41.2 41.2 Public sector LDOD .. 17.4 103.2 92.5 94.3 98.4 99.0 98.0 92.0 108.3 Private sector LDOD .. 0.0 0.0 0.0 50.1 54.5 48.8 45.6 41.2 41.2 6. CUJRRENCY CONIPOSIT [ON OF LONG-TERNI DEBT (PERCENT) Deutsche mark .. 0.0 3.1 2.5 1.7 1.3 0.9 0.4 0.4 0.0 French franc .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Japanese yen .. 0.0 4.7 6.4 10.2 10.3 3.8 3.0 2.8 2.7 Pound sterling .. 59.2 13.1 8.9 7.1 6.5 6.5 7.1 7.4 5.9 Swiss franc .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 U.S.dollars .. 40.8 52.0 52.0 49.0 48.0 54.6 56.9 58.9 66.0 Multiple currency .. 0.0 7.3 8.6 11.7 12.8 12.7 12.9 12.1 10.5 Special drawing rights .. 0.0 6.3 7.2 7.8 8.5 8.4 7.9 7.5 6.6 All other currencies .. 0.0 13.5 14.4 12.5 12.6 13.1 11.8 10.9 8.3 493 SOLOMON ISLANDS (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 7. DEBT RESTRUCTURINGS Total amount rescheduled ... 0.0 8.1 0.0 0.0 0.0 0.0 0.0 0.0 Debt stock rescheduled ... 0.0 8.1 0.0 0.0 0.0 0.0 0.0 0.0 Principal rescheduled ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Official ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Interest rescheduled ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Official ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Debt forgiven ... 0.0 0.0 0.0 0.0 6.3 0.0 0.0 0.0 Memo: interest forgiven ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Debt stock reduction ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 of which debt buyback . . 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 8. DEBT STOCK-FLOW RECONCILLATION Total change in debt stocks ... 20.5 -35.2 56.2 4.4 2.5 -12.4 -9.7 17.0 Net flows on debt .. 4.9 13.8 -29.7 5.4 -6.3 3.2 -2.4 -2.3 14.2 Net change in interest affears ... 0.1 0.2 -0.2 0.0 8.4 -7.8 1.5 -0.4 Interest capitalized ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Debt forgiveness or reduction ... 0.0 0.0 0.0 0.0 -6.3 0.0 0.0 0.0 Cross-currency valuation ... 5.3 -3.1 0.3 3.2 0.8 -0.4 -1.9 1.2 Residual ... 1.3 -2.6 50.8 7.5 -3.6 -1.8 -6.9 1.9 9. AVERAGE TERMIS OF NEW COM1IAITMENTS ALL CREDITORS Interest (%) .. 1.0 2.2 4.2 0.8 0.0 7.8 0.0 0.0 3.3 Maturity (years) .. 39.8 17.7 18.4 39.5 0.0 10.2 0.0 0.0 39.7 Grace period (years) .. 10.3 11.5 5.0 10.0 0.0 0.7 0.0 0.0 10.2 Grant element (%) .. 78.4 56.9 36.2 80.2 0.0 7.6 0.0 0.0 57.7 Official creditors Interest (%) .. 1.0 2.2 1.0 0.8 0.0 0.0 0.0 0.0 3.3 Maturity (years) .. 39.8 17.7 39.7 39.5 0.0 0.0 0.0 0.0 39.7 Grace period (years) .. 10.3 11.5 10.2 10.0 0.0 0.0 0.0 0.0 10.2 Grant element (%) .. 78.4 56.9 78.3 80.2 0.0 0.0 0.0 0.0 57.7 Private creditors Interest (%) .. 0.0 0.0 6.0 0.0 0.0 7.8 0.0 0.0 0.0 Maturity (years) .. 0.0 0.0 6.5 0.0 0.0 10.2 0.0 0.0 0.0 Grace period (years) .. 0.0 0.0 2.0 0.0 0.0 0.7 0.0 0.0 0.0 Grant element (%) .. 0.0 0.0 12.6 0.0 0.0 7.6 0.0 0.0 0.0 Memorandum items Commitments .. 8.3 2.5 7.2 17.4 0.0 4.2 0.0 0.0 27.3 Official creditors .. 8.3 2.5 2.6 17.4 0.0 0.0 0.0 0.0 27.3 Private creditors .. 0.0 0.0 4.6 0.0 0.0 4.2 0.0 0.0 0.0 10. CONTRACTUAL OBLIGATIONS ON OUTSTANDING LONG-TERMI DEBT 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 TOTAL Disbursements 6.9 4.9 2.3 1.6 1.2 0.1 0.0 0.0 0.0 0.0 Principal 4.0 4.0 4.2 3.3 3.2 3.5 3.4 3.1 2.7 2.8 Interest 1.2 1.1 0.9 0.8 0.7 0.7 0.6 0.6 0.6 0.8 Official creditors Disbursements 6.9 4.9 2.3 1.6 1.2 0.1 0.0 0.0 0.0 0.0 Principal 3.6 3.6 3.7 2.9 2.7 3.1 3.2 3.1 2.7 2.8 Interest 1.0 0.9 0.8 0.7 0.7 0.6 0.6 0.6 0.6 0.8 Bilateral creditors Disbursements 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal 2.1 2.1 2.0 1.0 0.6 0.6 0.6 0.6 0.0 0.0 Interest 0.2 0.2 0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Multilateral creditors Disbursements 6.9 4.9 2.3 1.6 1.2 0.1 0.0 0.0 0.0 0.0 Principal 1.5 1.6 1.7 1.9 2.1 2.5 2.6 2.5 2.7 2.8 Interest 0.7 0.7 0.7 0.7 0.7 0.6 0.6 0.6 0.6 0.8 Private creditors Disbursements 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal 0.4 0.4 0.4 0.4 0.4 0.4 0.2 0.0 0.0 0.0 Interest 0.2 0.2 0.1 0.1 0.1 0.0 0.0 0.0 0.0 0.0 Commercial banks Disbursements 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Interest 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Other private Disbursements 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal 0.4 0.4 0.4 0.4 0.4 0.4 0.2 0.0 0.0 0.0 Interest 0.2 0.2 0.1 0.1 0.1 0.0 0.0 0.0 0.0 0.0 494 SOMALIA (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 1. SUMM AREI DEBT DA IA TOTAL DEBT STOCKS (EDT) 660 2,370 2,447 2,501 2,616 2,678 2,643 2,561 2,635 Long-term debt (LDOD) 77 595 1,926 1,898 1,897 1,935 1,961 1,918 1,853 1,886 Public andpublicly guaranteed 77 595 1,926 1,898 1,897 1,935 1,961 1,918 1,853 1,886 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Use of IMF credit 0 18 159 154 154 164 167 161 151 158 Short-term debt 47 285 395 450 518 551 564 558 591 of which interest arrears on LDOD 8 255 364 419 487 521 533 534 562 Official creditors 8 249 354 406 471 504 517 518 546 Private creditors 0 5 11 13 16 17 17 16 16 Memo:principalarrearsonLDOD 14 674 843 930 1,032 1,135 1,167 1,180 1,227 Official creditors .. 13 646 809 896 997 1,098 1,131 1,145 1,192 Private creditors 0 28 35 34 36 37 36 34 35 Memo: export credits 0 357 416 383 289 254 268 356 446 TOTAL DEBT FLOWS Disbursements 4 135 46 0 0 0 0 0 0 0 Long-term debt 4 114 46 0 0 0 0 0 0 0 IMF purchases 0 22 0 0 0 0 0 0 0 0 Principal repayments 2 11 5 0 0 0 0 0 0 0 Long-term debt 1 7 3 0 0 0 0 0 0 0 IM repurchases 2 4 3 0 0 0 0 0 0 0 Net flows on debt 2 138 58 0 0 0 0 0 -7 5 of which short-term debt .. 13 18 0 0 0 0 0 -7 5 Interest payments (INT) .. 2 5 0 0 0 1 3 0 0 Long-term debt 0 2 4 0 0 0 0 3 0 0 IMFcharges 0 0 1 0 0 0 1 1 0 0 Short-term debt .. 0 0 0 0 0 0 0 0 0 Net transfers on debt .. 135 53 0 0 0 -1 -3 -7 5 Total debt service paid (TDS) .. 13 11 0 0 0 1 3 0 0 Long-term debt 1 9 7 0 0 0 0 3 0 0 IMF repurchases and charges 2 4 4 0 0 0 1 1 0 0 Short-term debt (interest only) .. 0 0 0 0 0 0 0 0 0 2. AGGREGATE NET RESOtlRCE FLOWS ,ALND NET TRANSFERS (LONG-TERNI I NET RESOURCE FLOWS 17 380 372 606 806 494 150 60 67 68 Net flow of long-term debt (ex. IM) 4 106 43 0 0 0 0 0 0 0 Foreign direct investment (net) 5 0 6 0 2 1 1 0 0 0 Portfolio equity flows 0 0 0 0 0 0 0 0 0 0 Grants (excluding technical coop.) 9 274 323 606 804 493 149 60 67 68 Memo: technical coop. grants 11 93 95 52 85 46 43 33 26 16 official net resource flows 13 354 366 606 804 493 149 60 67 68 private net resource flows 4 27 6 0 2 1 1 0 0 0 NET TRANSFERS 16 379 368 606 806 494 150 58 67 68 Interest on long-term debt 0 2 4 0 0 0 0 3 0 0 Profit remittances on FDI 0 0 0 0 0 0 0 0 0 0 Memo: official net transfers 12 352 362 606 804 493 149 58 67 68 private net transfers 4 27 6 0 2 1 1 0 0 0 3. MAJOR ECONONIC AGGREGATES Gross national product (GNP) 323 603 835 .. .. .. Exports of goods & services (XGS) .. 262 70 .. .. .. .. of which workers remittances 57 .. .. . .. Imports of goods & services (MGS) .. 541 .. .. .. .. International reserves (RES) 21 26 .. .. .. .. Current account balance .. -136 .. .. .. .. 4. DEBT IN-DICATORS EDT / XGS (%) .. 252.1 3,363.0 .. .. .. EDT /GNP(%) .. 109.5 283.9 .. .. .. .. TDS /XGS(%) .. 4.9 15.2 .. .. .. .. INT /XGS(%) .. 0.9 7.5 .. .. .. .. INT /GNP(%) .. 0.4 0.6 .. .. .. .. RES /EDT(%) .. 3.9 .. .. .. .. RES / MGS (months) .. 0.6 .. .. .. .. .. Short-term/EDT (%) .. 7.1 12.0 16.1 18.0 19.8 20.6 21.3 21.8 22.4 Concessional/EDT (%) .. 82.8 65.7 63.0 61.8 60.3 59.6 58.9 58.7 58.1 Multilateral/EDT (%) .. 24.1 31.8 30.5 29.9 29.6 29.4 28.9 28.2 28.1 495 SOMALIA (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 5. L.ONG-TERM DEB'T DEBT OUTSTANDING (LDOD) 77 595 1,926 1,898 1,897 1,935 1,961 1,918 1,853 1,886 Public and publicly guaranteed 77 595 1,926 1,898 1,897 1,935 1,961 1,918 1,853 1,886 Official creditors 75 568 1,889 1,863 1,863 1,899 1,924 1,882 1,818 1,851 Multilateral 7 159 754 746 748 774 786 764 723 741 Concessional 7 147 735 729 731 756 767 745 706 723 Bilateral 68 408 1,136 1,117 1,114 1,125 1,138 1,119 1,095 1,110 Concessional 63 400 822 812 815 820 828 812 797 808 Private creditors 2 28 37 35 34 36 37 36 34 35 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 2 0 0 0 0 0 0 0 0 0 Other private 0 28 37 35 34 36 37 36 34 35 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 0 0 Memo: IBRD 0 0 0 0 0 0 0 0 0 0 IDA 7 72 419 410 411 425 432 422 406 416 DISBURSEMENTS 4 114 46 0 0 0 0 0 0 0 Public and publicly guaranteed 4 114 46 0 0 0 0 0 0 0 Official creditors 4 87 46 0 0 0 0 0 0 0 Multilateral 0 36 46 0 0 0 0 0 0 0 Concessional 0 25 46 0 0 0 0 0 0 0 Bilateral 4 50 0 0 0 0 0 0 0 0 Concessional 4 49 0 0 0 0 0 0 0 0 Private creditors 0 27 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 0 0 Other private 0 27 0 0 0 0 0 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 0 0 Memo: IBRD 0 0 0 0 0 0 0 0 0 0 IDA 0 1 0 35 0 0 0 0 0 0 0 PRINCIPAL REPAYMENTS 1 7 3 0 0 0 0 0 0 0 Public and publicly guaranteed 1 7 3 0 0 0 0 0 0 0 Official creditors 0 7 3 0 0 0 0 0 0 0 Multilateral 0 5 3 0 0 0 0 0 0 0 Concessional 0 0 2 0 0 0 0 0 0 0 Bilateral 0 2 0 0 0 0 0 0 0 0 Concessional 0 2 0 0 0 0 0 0 0 0 Private creditors 1 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 1 0 0 0 0 0 0 0 0 0 Other private 0 0 0 0 0 0 0 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 0 0 Memo: IBRD 0 0 0 0 0 0 0 0 0 0 IDA 0 0 2 0 0 0 0 0 0 0 NET FLOWS ON DEBT 4 106 43 0 0 0 0 0 0 0 Public and publicly guaranteed 4 106 43 0 0 0 0 0 0 0 Official creditors 4 80 43 0 0 0 0 0 0 0 Multilateral 0 3 1 43 0 0 0 0 0 0 0 Concessional 0 25 44 0 0 0 0 0 0 0 Bilateral 4 49 0 0 0 0 0 0 0 0 Concessional 4 47 0 0 0 0 0 0 0 0 Private creditors -1 27 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Conmmercial banks -1 0 0 0 0 0 0 0 0 0 Other private 0 27 0 0 0 0 0 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 0 0 Memo: IBRD 0 0 0 0 0 0 0 0 0 0 IDA 0 10 32 0 0 0 0 0 0 0 496 SOMALIA (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 INTEREST PAYMENTS (LINT) 0 2 4 0 0 0 0 3 0 0 Public and publicly guaranteed 0 2 4 0 0 0 0 3 () 0 Official creditors 0 2 4 0 0 0 0 3 0 0 Multilateral 0 1 4 0 0 0 0 3 0 0 Concessional 0 1 4 0 0 0 0 0 0 0 Bilateral 0 1 0 0 0 0 0 0 0 0 Concessional 0 1 0 0 0 0 0 0 0 0 Private creditors 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 0 0 Other private 0 0 0 0 0 0 0 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Bonds 00 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 0 0 Memo: IBRD 0 0 0 0 0 0 0 0 0 0 IDA 0 1 3 0 0 0 0 0 0 0 NET TRANSFERS ON DEBT 3 104 39 0 0 0 0 -3 0 0 Public and publicly guaranteed 3 104 39 0 0 0 0 -3 0 0 Officialicreditors 4 78 39 0 0 0 0 -3 0 0 Multilateral 0 31 39 0 0 0 0 -3 0 0 Concessional 0 25 40 0 0 0 0 0 0 0 Bilateral 4 47 0 0 0 0 0 0 0 0 Concessional 4 46 0 0 0 0 0 0 0 0 Private creditors -1 27 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Corrmercial baniks -1 0 0 0 0 0 0 0 0 0 Other private 0 27 0 0 0 0 0 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Conimercial banks 0 0 0 0 0 0 0 0 0 0 Memo: LBRD 0 0 0 0 0 0 0 0 0 0 IDA 0 9 29 0 0 0 0 0 0 0 DEBT SERVICE (LTDS) 1 9 7 0 0 (1 0 3 0 0 Public and publicly guaranteed 1 9 7 0 0 0 0 3 0 0 Official creditors 0 9 7 0 0 0 0 3 0 0 Multilateral 0 6 7 0 0 0 0 3 0 0 Concessional 0 1 6 0 0 0 0 0 0 0 Bilateral 0 3 0 0 0 0 0 0 0 0 Concessional 0 3 0 0 0 0 0 0 0 0 Private creditors 1 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Cornmercial banka 1 0 0 0 0 0 0 0 0 0 Other private 0 0 0 0 0 0 0 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Conumercial banks 0 0 0 0 0 0 0 0 0 0 Memo: IBRD 0 0 0 0 0 0 0 0 0 0 IDA 0 1 6 0 0 0 0 0 0 0 UNDISBURSED DEBT 67 565 497 437 437 452 314 230 219 226 Official creditors 67 494 497 437 437 452 314 230 219 226 Private creditors 0 70 0 0 0 0 0 0 0 0 Memorandum items Concessional LDOD 70 546 1,557 1,540 1.546 1,576 1,596 1,557 1,503 1,531 Variable rate LDOD 0 0 20 20 20 20 20 20 20 20 Public sector LDOD 77 568 1,926 1,898 1,897 1,935 1,961 1,918 1,853 1,886 Private sector LDOD 0 28 0 0 0 0 0 0 0 0 6. CUJRRENCY CONMPOSITION OF LONG-TERMI DEB [ (PERC-ENT) Deutsche mark 18.6 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 French franc 0.0 0.0 4.7 4.5 4.2 4.5 4.8 4.6 4.2 4.4 Japanese yen 0.0 0.0 2.4 2.6 2.9 3.2 3.1 2.8 2.6 2.9 Pound sterling 0.0 0.4 0.2 0.1 0.1 0.1 0.1 0.1 0.1 0.1 Swiss franc 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 U.S.dollars 24.6 34.1 50.5 50.7 50.8 50.5 50.2 50.8 51.8 51.4 Multiple currency 47.9 16.7 7.2 7.1 7.0 7.2 7.4 7.2 7.2 7.2 Special drawing rights 0.0 0.0 1.3 1.3 1.3 1.3 1.3 1.3 1.3 1.3 All other currencies 8.9 48.8 33.7 33.7 33.7 33.2 33.1 33.2 32.8 32.7 497 SOMALIA (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 7. DEBT RESTRUrCTURINGS Total amount rescheduled 0 0 0 0 0 0 0 0 Debt stock rescheduled 0 0 0 0 0 0 0 0 Principal rescheduled 0 0 0 0 0 0 0 0 Official 0 0 0 0 0 0 0 0 Private 0 0 0 0 0 0 0 0 Interest rescheduled ..0 0 0 0 0 0 0 0 Official 0 0 0 0 0 0 0 0 Private 0 0 0 0 0 0 0 0 Debt forgiven 0 0 0 0 0 0 0 0 Memo: interest forgiven 0 0 0 0 0 0 0 0 Debt stock reduction 0 0 0 0 0 0 0 0 of which debt buyback 0 0 0 0 0 0 0 0 8. DEBT STOCK-F LOW RECONCILIATION Total change in debt stocks 211 -3 54 116 62 -35 -82 74 Net flows on debt 2 138 58 0 0 0 0 0 -7 5 Net change in interest arrears 71 51 55 68 33 1 3 0 28 Interest capitalized 0 0 0 0 0 0 0 0 Debt forgiveness or reduction 0 0 0 0 0 0 0 0 Cross-currency valuation 38 -31 0 25 13 -19 -33 24 Residual ... 44 -23 -1 23 16 -29 -43 16 9. AVERAGE TERMTS OF NEW COMMITMENTS ALL CREDITORS Interest (%) 0.0 3.3 0.8 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Maturity (years) 20.3 24.7 46.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Grace period (years) 15.6 5.9 10.3 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Grant element (%) 79.7 44.3 81.9 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Offlcial creditors Interest (%) 0.0 3.0 0.8 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Maturity (years) 20.3 26.1 46.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Grace period (years) 15.6 6.2 10.3 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Grant clement (%) 79.7 47.0 81.9 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private creditors Interest (%) 0.0 7.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Maturity (years) 0.0 6.3 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Grace period (years) 0.0 2.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Grant clement (%) 0.0 9.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memorandum items Commnitments 22 188 72 0 0 0 0 0 0 0 Official creditors 22 174 72 0 0 0 0 0 0 0 Private creditors 0 14 0 0 0 0 0 0 0 0 10. CONTRACTUAL OBLIGATIONS ON OUTrSTANDING LONG-TERMI DEBT 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 TOTAL Disbursements 0 0 0 0 0 0 0 0 0 0 Principal 40 38 35 32 30 30 29 27 29 29 Interest 13 12 11 10 9 9 8 8 7 7 Ofricial creditors Disbursements 0 0 0 0 0 0 0 0 0 0 Principal 40 38 35 32 30 30 29 27 29 29 Interest 13 12 1 1 10 9 9 8 8 7 7 Bilateral creditors Disbursements 0 0 0 0 0 0 0 0 0 0 Principal 23 21 18 15 15 14 13 13 13 13 Interest 9 8 7 6 6 5 5 5 4 4 Multilateral creditors Disbursements 0 0 0 0 0 0 0 0 0 0 Principal 17 1 7 17 17 16 16 16 14 16 16 Interest 4 4 4 4 4 3 3 3 3 3 Private creditors Disbursements 0 0 0 0 0 0 0 0 0 0 Principal 0 0 0 0 0 0 0 0 0 0 Interest 0 0 0 0 0 0 0 0 0 0 Commercial banks Disbursements 0 0 0 0 0 0 0 0 0 0 Principal 0 0 0 0 0 0 0 0 0 0 Interest 0 0 0 0 0 0 0 0 0 0 Other private Disbursements 0 0 0 0 0 0 0 0 0 0 Principal 0 0 0 0 0 0 0 0 0 0 Interest 0 0 0 0 0 0 0 0 0 0 498 SOUTH AFRICA (US mllon unes ohewis idiatd) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 1. SLIMMNIR' DEBT DJA'T TOTAL DEBT STOCKS (EDT) ..21,671 25,358 26,050 25,221 2,4,712 Long-term debt (LDOD) ..13,035 14,772 14,335 13,879 13,268 Public and publicly guaranteed 7,789 9,837 10,348 11,466 10,627 Private nonguaranteed . . 5,246 4,935 3,987 2,413 2,641 Use of IMF credit 0 0 0 0 844 897 913 884 415 0 Short-term debt 7,739 9,673 10,832 10,928 11,444 ofwhich interest arrears on LDOD 0 0 0 0 0 Official creditors ...0 0 0 0 0 Private creditors . .0 0 0 0 0 Memo: principal arrears on LDOD 0 0 0 0 0 Official creditors ..0 0 0 0 0 Private creditors ...0 0 0 0 0 Memo: export credits ..5,086 3,925 3,383 3,828 3,329 TOTAL DEBT FLOWS Disbursements ..3,518 3,549 2,291 4,576 2,046 Long-term debt 3,518 3,549 2,291 4,576 2,046 RAF purchases 0 0 0 0 858 0 0 0 0 0 Principal repayments .. ~~~~~~~~~~~~~~~~~~~1,995 2,070 2,770 5,103 2,849 Long-termn debt ..1,995 2,070 2,770 4,680 2,3 IMF repurchases 0 0 0 0 0 0 0 0 423 417 Net flows on debt ...9,263 3,412 681 -432 -287 of which short-term debt ..7,739 1.934 1.159 96 516 Interest payments (INT) .. . .907 1,320 1,467 1,439 1,530 Long-termn debt . .617 855 923 850 892 INMFcharges 0 0 0 0 0 38 50 40 34 15 Short-term debt ..251 415 504 555 622 Net transfers on debt .. . . . . 8,356 2,092 -786 -1,870 -1,816 Total debt service paid (TDS) .. . . 2,902 3,391 4,236 6,542 4,378 Long-term debt .. 2,612 2,926 3,692 5,530 3,324 IMAF repurchases and charges 0 0 0 0 0 38 50 40 456 432 Short-term debt (interest only) ..251 415 504 555 622 2. AGG REGA TE NE T RESOUIRC E FLO%VS.S, AD NET TRANSFERS (LONG-TER-NII NET RESOURCE FLOWS .. . . . . 2,222 7,198 2,241 5,299 1,029 Net flow of long-term debt (ex. IMP ...... 1,524 1,478 -478 .405 -386 Foreign direct investment (net) ...... 334 993 816 3,811 550 Portfolio equity flows ..... 219 4,571 1,759 1,393 619 Grants (excluding technical coop.) ... .146 156 143 200 246 Memo: technical coup. grants ..149 214 207 243 210 official net resource flows ... .. . 146 156 143 200 246 private net resource flows ... .. . 2,076 7,043 2,097 5,099 783 NET TRANSFERS .. . . . . -1,396 3,743 -1,082 2,449 -2,063 Interest on long-term debt ... .. . 617 855 923 850 892 Profit remiittances on FDI ... .. . 3,000 2,600 2,400 2,000 2,200 Memo: official net transfers ... .. . 146 156 143 200 246 private net transfers ... . -1,541 3,587 -1,226 2,249 -2,310 3. MIAJOR ECONOMIC AGGREGATES Gross national product (GNP) .. . . . . 133,397 148,242 139,920 144,4uo 13u,444 Exports of goods & services (XGS) .. . . . . 31,056 35,826 36,368 37,803 35,845 of which workers remittances ... .. .0 0 Imports of goods & services (MGS) . .. . .. 30,333 37,384 37,495 39,352 37,035 Intemational reserves (RES) ...... 3,295 4,464 2,341 5,957 5,508 Current account balance ... . 114 -2,204 -1,881 -2,273 -1,936 4. DEBT tNDICATIORS -EDT / XGS ~~~~~~~~~~~~~~~~~69.8 7U.8 71.6 66.7 6b.9 EDT /GNP(% ... .. 16.3 17.1 18.6 17.5 18.9 TDS /XGS(% .. . 9.3 9.5 11.7 17.3 12.2 INT/XGS(% ... .. 2.9 3.7 4.0 3.8 4.3 INT/GNP(% ......0.7 0.9 1.1 1.0 1.2 RES/EDT(% .. . 15.2 17.6 9.0 23.6 22.3 RES /MGS (months) ... .. .1.3 1.4 0.8 1.8 1.8 Short-termn / EDT (%) ... .. . 35.7 38.2 41.6 43.3 46.3 Concessional / EDT (% .. . .. .0 0.0 0.0 0.0 0.0 Multilateral I EDT (%) ... .. . 0.0 0.0 0.0 0.0 0.0 499 SOUTH AFRICA (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 S. LONG-TERNM DEBT DEBT OUTSTANDING (LDOD) 13,035 14,772 14,335 13,879 13,268 Public and publicly guaranteed 7,789 9,837 10,348 11,466 10,627 Official creditors 0 0 0 0 0 Multilateral 0 0 0 0 0 Concessional 0 0 0 0 0 Bilateral 0 0 0 0 0 Concessional 0 0 0 0 0 Private creditors 7,789 9,837 10,348 11,466 10,627 Bonds 2,062 2,454 2,749 3,631 3,649 Commercial banks 3,867 3,978 3,563 3,275 2,597 Other private 1,860 3,405 4,036 4,559 4,381 Private nonguaranteed 5,246 4,935 3,987 2,413 2,641 Bonds 0 350 350 395 786 Commercial banks 5,246 4,585 3,637 2,018 1,855 Memo: IBRD 0 0 0 0 0 0 0 0 0 0 IDA 0 0 0 0 0 0 0 0 0 0 DISBURSEMENTS 3,518 3,549 2,291 4,576 2,046 Public and publicly guaranteed 3,068 3,199 2,152 2,950 1,290 Officilaicreditors 0 0 0 0 0 Multilateral 0 0 0 0 0 Concessional 0 0 0 0 0 Bilateral 0 0 0 0 0 Concessional 0 0 0 0 0 Private creditors 3,068 3,199 2,152 2,950 1,290 Bonds 1,510 391 632 1,278 0 Commtercial banks 941 830 419 672 840 Other private 617 1,978 1,101 1,000 450 Private nonguaranteed 450 350 139 1,626 756 Bonds 0 350 0 45 373 Commercial banks 450 0 139 1,581 383 Memo: IBRD 0 0 0 0 0 0 0 0 0 0 IDA 0 0 0 0 0 0 0 0 0 0 PRINCIPAL REPAYMENTS 1,995 2,070 2,770 4,680 2,432 Public and publicly guaranteed 1,145 1,168 1,568 1,480 1,886 Official creditors 0 0 0 0 0 Multilateral 0 0 0 0 0 Concessional 0 0 0 0 0 Bilateral 0 0 0 0 0 Concessional 0 0 0 0 0 Private creditors 1,145 1,168 1,568 1,480 1,886 Bonds 7 10 266 253 70 Commercial banks 787 719 834 752 1,187 Other private 351 439 467 475 628 Private nonguaranteed 850 902 1,202 3,200 546 Bonds 0 0 0 0 0 Commnercial banks 850 902 1,202 3,200 546 Memo: IBRD 0 0 0 0 0 0 0 0 0 0 IDA 0 0 0 0 0 0 0 0 0 0 NET FLOWS ON DEBT 1,524 1,478 -478 -105 -386 Public and publicly guaranteed 1,924 2,030 585 1,469 -596 Official creditors 0 0 0 0 0 Multilateral 0 0 0 0 0 Concessional 0 0 0 0 0 Bilateral 0 0 0 0 0 Concessional 0 0 0 0 0 Private creditors 1,924 2,030 585 1,469 -596 Bonds 1,503 381 367 1,025 -70 Commercial banks 154 III -415 -80 -347 Other private 266 1,539 634 525 -178 Private nsonguaranteed -400 -552 41,063 -1,574 210 Bonds 0 350 0 45 373 Commercial banks -400 -902 -1,063 -1,619 -163 Memo: IBRD 0 0 0 0 0 0 0 0 0 0 IDA 0 0 0 0 0 0 0 0 0 0 500 SOUTH AFRICA (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 INTEREST PAYMENTS (LINT) 617 855 923 850 892 Public and publicly guaranteed 339 597 667 669 759 Official creditors 0 0 0 0 0 Multilateral 0 0 0 0 0 Concessional 0 0 0 0 0 Bilateral 0 0 0 0 0 Concessional ... .0 0 0 0 0 Private creditors 339 597 667 669 759 Bonds 56 188 194 207 266 Commercial banks 166 245 220 228 226 Other private 118 164 254 234 266 Private nonguaranteed 278 258 256 181 134 Bonds 0 0 25 25 27 Commercial banks ..278 258 231 156 107 Memo: IBRD 0 0 0 0 0 0 0 0 0 0 IDA 0 0 0 0 0 0 0 0 0 0 NET TRANSFERS ON DEBT 906 623 -1,401 -955 -1,278 Public and publicly guaranteed 1,584 1,433 -83 800 -1,354 Official credlitors 0 0 0 0 0 Multilateral 0 0 0 0 0 Concessional 0 0 0 0 0 Bilateral ..0 0 0 0 0 Concessional 0 0 0 0 0 Private creditors ..1,584 1,433 -83 800 -1,354 Bonds 1,448 193 173 818 -336 Commercial banks ..-12 -135 -635 -309 -574 Other private 149 1,375 380 291 -445 Private nonguaranteed ...... -678 -810 .1,319 -1,755 76 Bonds 0 350 -25 20 346 Commnercial banks -678 -1,160 -1,294 -1,775 -270 Memo: JBRD 0 0 0 0 0 0 0 0 0 0 IDA 0 0 0 0 0 0 0 0 0 0 DEBT SERVICE (LTDS) .. . .. . 2,612 2,926 3,692 5,530 3,324 Public and publicly guaranteed ...... 1,484 1,766 2,235 2,150 2,644 Official creditors ...0 0 0 0 0 Multilateral 0 0 0 0 0 Concessional 0 0 0 0 0 Bilateral 0 0 0 0 0 Concessional 0 0 0 0 0 Private creditors 1,484 1,766 2,235 2,150 2,644 Bonds 63 198 460 460 336 Commercial banks 953 965 1,054 981 1,414 Other private 469 603 721 709 895 Private nonguaranteed .. ... 1,128 1,160 1,458 3,381 680 Bonds 0 0 25 25 27 Commercial banks .. 1,128 1,160 1,433 3,356 653 Memo: IBRD 0 0 0 0 0 0 0 0 0 0 IDA 0 0 0 0 0 0 0 0 0 0 UNDISBURSED DEBT ... .0 26 226 1,750 956 Official creditors .... ..0 0 0 0 46 Private creditors 0 26 226 1,750 910 Memorandum items Concessional LDOD ... .0 0 0 0 0 Variable rate LDOD ... . 9,113 8,913 7,550 5,607 5,189 Public sector LDOD .. 7,789 9,837 10,348 11,466 10,487 Private sector LDOD ... .. . 5,246 4,935 3,987 2,413 2,781 6. CUTRRENCY CONEPOSITION OF LONG.-TERMI DEBT (PERCENT) Deutsche miark ... .. . 3.3 2.8 3.1 2.4 2.8 French franc ... .. . 0.0 0.0 0.0 0.0 0.0 Japanese yen ... .. . 0.0 3.0 2.5 4.7 5.7 Pound sterling ... .. . 0.0 0.0 0.0 0.0 0.0 Swiss franc ... .. . 0.0 0.0 0.0 0.0 0.0 U.S.dollars ... .. . 92.2 90.6 91.3 92.7 91.3 Multiple currency ... .. . 0.0 0.0 0.0 0.0 0.0 Special drawing rights ... .. . 0.0 0.0 0.0 0.0 0.0 All other currencies ... .. . 4.5 3.6 3.1 0.2 0.2 501 SOUTH AFRICA (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 7. DEBr' RESTRLICflTRINC.S Total amnount rescheduled . .0 0 0 0 0 Debt stock rescheduled 0 0 0 0 0 Principal rescheduled ..0 0 0 0 0 Official 0 0 0 0 0 Private 0 0 0 0 0 Interest rescheduled 0 0 0 0 Official ...0 0 0 0 0 Private 0 0 0 0 0 Debt forgiven ..0 0 0 0 0 Memo: interest forgiven ..0 0 0 0 0 Debt stock reduction 0 0 0 0 0 of which debt buyback ..0 0 0 0 0 8. DEBT STOCK-FLOWV RECONCILIATION Total change in debt stocks 3,687 692 -829 -510 Net flows on debt 9,263 3,412 681 -432 -287 Net change in interest arrears 0 0 0 0 Interest capitalized 0 0 0 0 Debt forgiveness or reduction 0 0 0 0 Cross-currency valuation .... ..... 39 -70 -97 98 Residual ......... 236 81 -301 -320 9. AVERAGE TERMS OF NrEW COr*U'TFTM%EN TS ALL CREDITORS Interest (%) ... .. .6.2 5.4 5.9 6.3 6.0 Maturity (years) .. . .. . 7.8 14.1 12.2 9.8 11.7 Grace period (years) .. . .. . 3.1 1.8 3.3 5.4 1.5 Grant element (%) .. . .. . 14.4 21.1 18.5 12.6 16.3 Official creditors Interest (%) ... .. .0.0 0.0 0.0 0.0 6.3 Maturity (years) .. . .. . 0.0 0.0 0.0 0.0 14.3 Grace period (years) .. . .. . 0.0 0.0 0.0 0.0 2.8 Grant element (%) .. . .. . 0.0 0.0 0.0 0.0 19.2 Private creditors Interest (%) ... .. .6.2 5.4 5.9 6.3 6.0 Maturity (years) .. . .. . 7.8 14.1 12.2 9.8 11.4 Grace period (years) .. . .. . 3.1 1.8 3.3 5.4 1.4 Grant element (%) .. . .. . 14.4 21.1 18.5 12.6 16.0 Memorandum items Commiitmnents .. . .. . 3,068 3,225 2,352 4,474 496 Official creditors .. . .. .0 0 0 0 46 Private creditors .. . .. . 3,068 3,225 2,352 4,474 450 10. CONTRACTUAL OBLIGATIONS ON OUTSTANDING LONG-TERMI DEBTr 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 TOTAL Disbursements 643 286 15 12 0 0 0 0 0 0 Principal 4,869 2,507 1,609 686 730 614 264 564 264 264 Interest 814 529 431 369 325 235 219 203 162 146 Official creditors Disbursements 6 13 15 12 0 0 0 0 0 0 Principal 0 0 4 4 4 4 4 4 4 4 Interest 0 1 2 2 2 2 2 2 1 Bilateral creditors Disbursements 0 0 0 0 0 0 0 0 0 0 Principal 0 0 0 0 0 0 0 0 0 0 Interest 0 0 0 0 0 0 0 0 0 0 Multilateral creditors Disbursements 6 13 15 12 0 0 0 0 0 0 Principal 0 0 4 4 4 4 4 4 4 4 Interest 0 1 2 2 2 2 2 2 1 1 Private creditors Disbursements 637 273 0 0 0 0 0 0 0 0 Principal 4,869 2,507 1,605 682 726 611 260 560 260 260 Interest 814 528 429 366 322 233 217 201 161 145 Commercial banks Disbursements 637 273 0 0 0 0 0 0 0 0 Principal 1,575 1,152 754 1 8 4 4 0 0 0 0 Interest 160 96 37 1 0 0 0 0 0 0 Other private Disbursements 0 0 0 0 0 0 0 0 0 0 Prncipal 3,294 1,355 851 664 722 606 260 560 260 260 Interest 655 432 392 365 322 233 217 201 161 145 502 SRI LANKA (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 1. SUMMARY DEBT DA rA- TOTAL DEBT STOCKS (EDT) 1,841 5,863 6,457 6,854 7,888 8,231 8,003 7,698 8,526 Long-term debt (LDOD) 317 1,231 5,049 5,742 6,071 6,732 7,101 6,906 6,785 7,726 Public and publicly guaranteed 317 1,227 4,947 5,643 5,982 6,650 7,011 6,818 6,700 7,649 Private nonguaranteed 0 3 102 99 90 83 90 88 84 77 Use of IMF credit 79 391 410 464 516 617 595 531 433 367 Short-term debt 220 405 250 266 538 535 566 480 433 of which interest arrears on LDOD ..0 11 19 25 32 35 123 118 137 Official creditors 0 0 0 0 0 0 20 22 27 Private creditors 0 11 19 25 32 35 103 96 110 Memo: principal arrears on LDOD 0 0 4 8 11 42 169 190 242 Official creditors 0 0 0 0 2 3 37 40 58 Private creditors 0 0 4 8 9 39 132 149 185 Memo: export credits 0 566 470 550 755 905 754 672 758 TOTAL DEBT FLOWS Disbursements 75 344 545 539 504 551 557 463 613 725 Long-term debt 66 272 485 381 426 471 557 463 613 725 IMEpurchases 10 72 61 158 78 80 0 0 0 0 Principal repayments 57 94 214 329 253 247 259 261 280 302 Long-term debt 30 5 1 167 252 228 234 225 216 214 220 IMFrepurchases 27 43 47 77 25 1 3 34 45 66 82 Net flows on debt 57 334 331 47 261 569 293 145 251 357 of which short-termn debt 84 0 -164 1 1 265 -6 -57 -82 -66 Interest payments (INT) .. 85 170 154 142 147 161 161 148 150 Long-term debt 12 33 122 134 130 128 133 132 121 129 IMF charges 0 17 21 8 3 3 3 3 2 2 Short-termndebt 36 27 1 3 9 1 7 24 26 24 1 9 Net transfers on debt .. 248 161 -107 119 422 132 -16 103 207 Total debt service paid (TDS) .. 179 384 482 395 395 419 422 428 452 Long-termn debt 42 84 289 386 358 362 358 348 336 349 IMF repurchases and charges 27 59 69 84 28 1 6 37 48 69 84 Shoirt-term debt (interest only) 36 27 1 3 9 17 24 26 24 19 2. AGGREGATE NET RESOUiRCE FLO%% SA.ND NETr TRANSFERS (LONG-TERIM NET RESOURCE FLOWS 51 425 582 394 590 675 624 578 1,037 818 Net flow of long-term debt (ex. 1!F) 36 221 318 129 198 237 333 247 398 505 Foreign direct investment (net) 0 43 43 123 195 166 56 120 430 193 Portfolio equity flows 0 0 0 0 0 112 61 70 98 6 Grants (excluding technical coop.) 15 161 221 142 197 160 174 141 III 114 Memo: technical coop. grants 7 57 105 131 114 98 114 96 93 80 official net resource flows 55 296 529 304 468 448 491 448 413 493 private net resource flows -4 129 54 89 122 227 133 129 625 325 NET TRANSFERS 31 377 435 227 427 507 457 406 872 639 Interest on long-term debt 12 33 122 134 130 128 133 132 121 129 Profit renmittances on FDI 8 15 25 33 33 40 34 40 44 50 Memo: official net transfers 47 270 452 210 368 345 382 337 310 391 private net transfers -16 107 -17 16 59 162 76 69 562 248 3. MIAJOR ECONONUC AGGREGATES Gross national product (GNP) 2,259 3,997 7,865 9,527 10,215 11,551 12,893 13,708 14,931 15,528 Exports of goods & services (XGS) .. 1,492 2,786 3,539 4,164 4,821 5,630 5,868 6,669 6,861 of which workers remittances .. 152 401 548 632 715 790 832 922 999 Imports of goods & services (MGS) .. 2,269 3,224 4,086 4,636 5,658 6,342 6,477 6,974 7,053 Intemnational reserves (RES) 43 283 447 980 1,654 2,070 2,112 1,985 2,042 1,998 Current account balance .. -655 -298 -451 -382 -757 -770 -683 -395 -288 4. DEBTr INDICATORS EDT /XGS(% . 123.4 210.4 182.5 164.6 163.6 146.2 136.4 115.4 124.3 EDT /GNP(% . 46.1 74.6 67.8 67.1 68.3 63.8 58.4 51.6 54.9 TDS / XGS (% . 12.0 13.8 13.6 9.5 8.2 7.4 7.2 6.4 6.6 INT / XGS (% . 5.7 6.1 4.3 3.4 3.1 2.9 2.7 2.2 2.2 INT /GNP(% . 2.1 2.2 1.6 1.4 1.3 1.2 1.2 1.0 1.0 RES /EDT(% . 15.4 7.6 15.2 24.1 26.2 25.7 24.8 26.5 23.4 RES /MGS (months) .. 1.5 1.7 2.9 4.3 4.4 4.0 3.7 3.5 3.4 Short-term /EDT (%) .. 11.9 6.9 3.9 3.9 6.8 6.5 7.1 6.2 5.1 Concessional /EDT(% . 56.0 71.9 76.5 78.1 76.6 77.6 78.4 78.8 80.4 Multilateral /EDT (%) .. 11.7 27.7 32.5 34.5 33.7 34.7 36.8 37.4 37.8 503 SRI LANKA (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 199S 1996 1997 1998 5. LONG-TERNI DEBT DEBT OUTSTANDING (LDOD) 317 1,231 5,049 5,742 6,071 6,732 7,101 6,906 6,785 7,726 Public and publicly guaranteed 317 1,227 4,947 5,643 5,982 6,650 7,011 6,818 6,700 7,649 Official creditors 253 1,087 4,349 5,061 5,460 6,148 6,485 6,368 6,175 6,970 Multilateral 29 216 1,623 2,100 2,363 2,656 2,858 2,942 2,878 3,222 Concessional 1 177 1,536 2,031 2,302 2,600 2,806 2,899 2,845 3,192 Bilateral 224 872 2,726 2,960 3,098 3,492 3,627 3,426 3,296 3,748 Concessional 186 854 2,681 2,908 3,048 3,441 3.577 3,376 3,224 3,662 Private creditors 64 140 598 582 521 501 526 450 526 679 Bonds 12 0 0 0 0 0 0 0 50 115 Commnercial banks 3 57 253 272 244 261 306 266 316 394 Other private 49 83 345 310 277 240 220 184 160 170 Private nonguaranteed 0 3 102 99 90 83 90 88 84 77 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 3 102 99 90 83 90 88 84 77 Memo: IBRD 26 3 1 82 65 58 54 49 40 3 1 26 IDA 1 98 864 1,095 1,222 1,339 1,463 1,516 1,514 1,648 DISBURSEMENTS 66 272 485 381 426 471 557 463 613 725 Public and publicly guaranteed 66 269 485 381 426 471 557 463 613 725 Official creditors 55 174 396 309 396 420 462 450 460 553 Multilateral 4 32 234 209 258 172 197 258 176 226 Concessional 1 31 233 209 258 172 197 258 176 226 Bilateral 52 142 162 100 137 248 265 192 283 327 Concessional 40 141 162 100 137 246 262 190 256 315 Private creditors 1 1 96 89 72 30 5 1 95 12 153 172 Bonds 0 0 0 0 0 0 0 0 50 65 Commnercial banks 0 57 54 48 16 51 84 9 102 107 Other private 1 1 39 35 24 1 5 0 1 1 3 1 0 Private nonguaranteed 0 2 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commnercial banks 0 2 0 0 0 0 0 0 0 0 Memo: IBRD 1 0 1 0 0 0 0 0 0 0 IDA 1 20 127 74 130 78 106 104 78 97 PRINCIPAL REPAYMENTS 30 51 167 252 228 234 225 216 214 220 FPublic and publicly guaranteed 30 51 165 249 224 232 223 212 207 213 Official creditors 16 39 89 147 125 131 145 143 158 174 Multilateral 2 5 21 25 27 26 26 29 37 43 Concessional 0 2 13 17 1 8 1 8 19 22 3 1 37 Bilateral 14 34 68 121 97 105 120 114 121 131 Concessional 6 28 64 85 92 101 115 113 121 130 Private creditors 14 12 76 102 99 100 77 70 49 39 Bonds 3 0 0 0 0 0 0 0 0 0 Commercial banks 1 0 29 48 40 41 45 49 42 34 Other private 10 12 47 54 59 60 32 21 8 5 Private nonguaranteed 0 0 2 3 4 3 2 3 7 7 Bonds 0 0 0 0 0 0 0 0 0 0 Commsercial banks 0 0 2 3 4 3 2 3 7 7 Memo: IBRD 2 2 7 8 9 8 7 6 6 6 IDA 0 0 3 6 6 7 8 9 1 1 13 NET FLOWS ON DEBT 36 221 318 129 198 237 333 247 398 505 Public and publicly guaranteed 36 219 320 132 202 239 335 250 405 512 Official creditors 40 135 307 163 271 288 317 308 302 379 Multilateral 2 27 214 184 231 146 171 229 140 183 Concessional 1 30 220 192 240 154 178 236 146 189 Bilateral 38 108 94 -21 40 142 146 78 162 196 Concessional 34 113 98 15 45 145 146 77 136 185 Private creditors -4 84 13 -30 -69 -49 18 -57 104 133 Bonds -3 0 0 0 0 0 0 0 50 65 Commercial banks -1 57 24 0 -25 10 39 -39 61 73 Other private 1 27 -12 -31 -44 -59 -21 -18 -7 -5 Private nonguaranteed 0 2 -2 -3 -4 -3 -2 -3 -7 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 2 -2 -3 -4 -3 -2 -3 -7 -7 Memo: IBRD -1 -2 -6 -8 -9 -8 -7 -6 -6 -6 IDA 1 20 124 68 123 7 1 98 95 68 84 504 SRI LANKA (US$ million, unless othierwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 INTEREST PAYMENTS (LINT) 12 33 122 134 130 128 133 132 121 129 Public and publicly guaranteed 12 33 120 132 129 127 132 131 118 125 Official creditors 8 25 77 94 100 104 109 112 102 102 Multilateral 3 5 19 23 25 26 29 28 28 27 Concessional 0 2 11 17 19 21 24 24 25 25 Bilateral 6 20 58 71 75 77 81 83 75 75 Concessional 3 19 55 67 71 77 81 83 74 72 Private creditors 4 8 43 38 29 23 23 19 1 5 23 Bonds 1 0 0 0 0 0 0 0 0 4 Commercial banks 0 0 16 20 15 14 18 17 14 18 Other private 3 8 27 18 14 1 0 5 3 2 1 Private nonguaranteed 0 0 2 2 1 1 1 1 3 5 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 2 2 1 1 1 1 3 5 Memo: IBRD 3 3 8 7 6 5 5 4 3 3 IDA 0 1 6 8 9 10 11 I11 11 1 1 NET TRANSFERS ON DEBT 24 188 196 -5 68 109 199 115 277 376 Public and publicly guaranteed 24 186 200 0 73 113 202 120 287 387 Official creditors 32 110 230 69 171 185 207 196 199 277 Multilateral -1 22 195 161 206 120 143 201 112 156 Concessional 1 28 209 176 222 133 154 211 121 164 Bilateral 33 87 35 -92 -35 65 65 -5 87 121 Concessional 31 94 43 -53 -26 69 66 -6 62 113 Private creditors -8 76 -30 -69 -98 -72 -5 -77 88 110 Bonds -4 0 0 0 0 0 0 0 50 61 Commercial banks -1 57 8 -20 -40 -4 21 -56 47 54 Other private -2 19 -38 -49 -58 -69 -26 -21 -9 -5 Private nonguaranteed 0 2 -4 -5 -5 -4 -3 -5 -10 -12 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 2 -4 -5 -5 -4 -3 -5 -10 -12 Memo: IBRD -3 -5 -13 -15 -15 -13 -12 -11 -9 -8 IDA 1 19 118 60 115 61 88 84 57 72 DEBT SERVICE (LTDS) 42 84 289 386 358 362 358 348 336 349 Public and publicly guaranteed 42 84 285 381 353 358 355 343 325 338 Official creditors 24 64 166 241 224 235 255 254 260 276 Multilateral 4 10 39 49 52 52 54 57 64 70 Concessional 0 3 24 33 37 39 43 47 55 62 Bilateral 19 54 126 192 172 183 201 197 196 206 Concessional 9 47 119 153 163 178 196 196 195 202 Private creditors 18 20 119 140 128 124 100 89 65 62 Bonds 4 0 0 0 0 0 0 0 0 4 Commercial banks 1 0 46 68 55 55 63 65 55 53 Other private 1 3 20 74 72 73 69 37 24 10 5 Private nonguaranteed 0 0 4 5 5 4 3 5 10 12 Bonds 0 0 0 0 0 0 0 0 0 0 Conunercial banks 0 0 4 5 5 4 3 5 10 12 Memo: IBRD 4 5 14 15 15 1 3 12 11 9 8 IDA 0 1 8 14 15 16 19 20 22 24 UNDISBURSED DEBT 215 1,147 2,170 2,333 2,513 2,781 2,509 2,809 2,607 2,594 Official creditors 196 899 2,070 2,256 2,429 2,651 2,475 2,778 2,584 2,573 Private creditors 19 248 99 77 84 130 35 31 24 21 Memorandum items Concessional LDOD 187 1,031 4,217 4,939 5,350 6,041 6,383 6,276 6,068 6,854 Variable rate LDOD 0 85 256 323 311 297 309 260 342 504 Public sector LDOD 311 1,219 4,854 5,543 5,871 6,526 6,891 6,711 6,605 7,541 Private sector LDOD 5 11 194 199 201 206 210 194 180 185 6. CUiRRENCY COMIPOSITION OF LONC-TERM~ DEBT iPERCENTi Deutsche mark 13.8 11.2 12.0 9.5 8.1 8.0 8.0 7.4 6.5 6.1 French franc 3.6 2.7 3.2 2.7 2.3 2.2 2.2 2.0 1.7 1.6 Japanese yen 6.4 15.0 22.7 25.4 27.5 29.8 29.2 27.8 26.4 27.8 Pound sterling 28.8 2.3 3.2 2.2 1.7 1.3 1.4 1.5 1.4 1.1 Swiss franc 0.3 2.4 0.9 0.6 0.5 0.5 0.5 0.4 0.4 0.3 U.S.dollars 19.7 37.0 36.2 36.9 36.5 34.5 34.9 36.1 39.6 39.1 Multiple currency 14.3 8.5 13.9 16.6 18.0 18.8 19.0 20.0 19.5 19.8 Special drawing rights 0.0 0.0 0.5 0.5 0.5 0.5 0.5 0.5 0.5 0.5 All other currencies 13.1. 20.9 7.4 5.6 4.9 4.4 4.3 4.3 4.0 3.7 505 SRI LANKA (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 7. DEBT RESTRUICTURINGS Total amount rescheduled 0 0 0 0 0 0 0 0 Debt stock rescheduled ..0 0 0 0 0 0 0 0 Principal rescheduled 0 0 0 0 0 0 0 0 Official 0 0 0 0 0 0 0 0 Private 0 0 0 0 0 0 0 0 Interest rescheduled 0 0 0 0 0 0 0 0 Official 0 0 0 0 0 0 0 0 Private ..0 0 0 0 0 0 0 0 Debt forgiven 0 0 0 0 7 0 0 0 Memo: interest forgiven ...0 0 0 0 0 0 0 0 Debt stock reduction 0 0 0 0 0 0 0 0 of which debt buyback 0 0 0 0 0 0 0 0 8. DEBT STOCK-FLOW RECONCILIATION Total change in debt stocks ..682 -123 397 1,034 343 -229 -305 828 Net flows on debt 57 334 331 47 261 569 293 145 251 357 Net change in interest arrears ..4 4 6 7 3 88 -5 19 Interest capitalized 0 0 0 0 0 0 0 0 Debt forgiveness or reduction 0 0 0 0 -7 0 0 0 Cross-currency valuation 237 -91 132 334 16 -273 -293 311 Residual ... 110 -82 -2 124 38 -188 -258 142 9..-WERAGE TERMIS OF NEW COMIMITNIEN TS ALL CREDITORS Interest (%) 3.0 3.9 1.8 2.5 2.4 2.8 2.4 3.2 3.4 5.1 Maturity (years) 27.1 30.5 34.7 29.9 30.6 27.2 32.9 28.1 25.2 29.7 Grace period (years) 4.9 7.7 9.5 9.0 8.9 8.4 9.9 8.4 7.7 8.7 Grant element (%) 47.9 50.4 69.3 60.3 60.8 55.2 62.6 53.6 50.0 37.6 Official creditors Interest (% 2.9 1.3 1.4 2.1 1.9 2.3 2.4 3.1 2.2 4.4 Maturity (years) 27.9 40.9 36.2 31.9 33.1 30.6 32.9 28.3 30.8 37.7 Grace period (years) 5.1 9.9 10.0 9.8 9.6 9.5 9.9 8.4 9.2 10.0 Grant element (%) 49.2 75.1 73.0 65.1 67.0 62.1 62.6 53.8 62.5 47.1 Private creditors Interest (%) 5.9 8.7 8.5 5.6 6.9 5.6 0.0 3.6 7.9 7.0 Maturity (years) 7.4 11.9 8.5 13.5 8.7 8.9 0.0 10.8 5.0 5.2 Grace period (years) 1.4 3.8 0.8 2.1 2.3 2.6 0.0 1.3 2.0 4.7 Grant element (%) 12.6 5.8 4.3 21.2 7.2 18.0 0.0 27.6 5.1 8.2 Memorandum items Comnmitments 81 752 837 489 623 585 404 1,042 686 689 Official creditors 78 484 791 435 558 494 404 1,033 537 520 Private creditors 3 268 46 54 64 91 0 8 149 169 10. CONTRACTUAL OBLIGATIONS ON OUJTSTANDING LONG-TERM DEBT 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 TOTAIL Disbursements 722 674 492 345 213 91 53 6 0 0 Principal 418 308 292 320 327 338 352 364 375 456 Interest 161 157 168 175 170 163 158 154 147 140 Official creditors Disbursements 710 669 489 344 212 91 53 6 0 0 Principal 206 219 258 292 299 314 328 342 358 381 Interest 127 137 151 160 157 151 148 145 139 133 Bilateral creditors Disbursements 461 461 334 234 154 64 36 0 0 0 Principal 161 168 194 221 227 237 247 252 262 270 Interest 94 104 118 126 124 119 114 109 102 94 Multilateral creditors Disbursements 249 208 155 110 59 26 17 5 0 0 Principal 45 5 1 64 71 72 77 8 1 89 96 III Interest 32 33 33 33 33 32 33 35 37 39 Private creditors Disbursements 12 6 3 1 0 0 0 0 0 0 Principal 212 89 34 28 28 24 24 22 17 76 Interest 34 20 18 1 5 14 12 10 9 8 7 Commercial banks Disbursements 5 2 1 0 0 0 0 0 0 0 Principal 182 29 25 18 1 8 16 17 15 10 4 Interest 23 12 10 8 7 5 4 3 2 2 Other private Disbursements 7 3 2 1 0 0 0 0 0 0 Principal 3 1 60 10 10 1 0 8 7 7 7 72 Interest I11 8 8 7 7 6 6 6 6 5 506 ST. KITTS AND NEVIS (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 I. SUIMMARY DEBT DATA TOTAL DEBT STOCKS (EDT) ... 45.2 51.4 53.7 58.1 56.4 64.1 110.6 115.1 Long-term debt (LDOD) ... 44.2 47.4 49.7 55.1 53.8 62.2 108.5 111.3 Public and publicly guaranteed ... 44.2 47.4 49.7 55.1 53.8 62.2 108.5 111.3 Private nonguaranteed ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Use of IMF credit 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 2.3 Short-term debt ... 1.0 4.0 4.0 3.0 2.7 1.9 2.1 1.5 of whlich interest arrears on LDOD ... 0.0 0.9 0.9 1.0 1.2 0.2 0.1 0.3 Official creditors ... 0.0 0.9 0.8 1.0 1.2 0.2 0.1 0.3 Private creditors ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: principal arrears on LDOD ... 0.0 0.3 0.3 0.7 0.7 0.0 0.1 0.1 Official creditors ... 0.0 0.3 0.3 0.6 0.3 0.0 0.0 0.1 Private creditors ... 0.0 0.0 0.0 0.1 0.4 0.0 0.1 0.0 Memo: export credits ... 30.0 26.0 23.0 24.0 29.0 32.0 58.0 46.0 TOTAL DEBT F'LOWS Disbursements . . 7.3 3.7 6.5 8.2 5.5 13.0 51.8 14.1 Long-term debt ... 7.3 3.7 6.5 8.2 5.5 13.0 51.8 11.9 JMF purchases 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 2.2 Principal repayments . 1.5 2.5 3.4 3.7 4.9 4.6 4.5 5.6 Long-termn debt ... 1.5 2.5 3.4 3.7 4.9 4.6 4.5 5.6 IMF repurchases 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Net flows on debt . . 6.8 3.2 3.1 3.4 0.0 8.7 47.5 7.7 of which short-termn debt ... 1.0 2.0 0.0 -1.1 -0.6 0.3 0.2 -0.8 Interest payments (INT) . . 1.5 1.2 1.5 1.9 2.0 2.1 2.2 4.8 Long-termn debt ... 1.4 1.0 1.3 1.7 1.9 2.0 2.1 4.7 RMF charges 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Short-term debt ... 0.1 0.2 0.2 0.1 0.1 0.1 0.1 0.1 Net transfers on debt ... 5.3 2.0 1.6 1.5 .2.0 6.6 45.3 2.9 Total debt service paid (TDS) . . 3.0 3.7 4.9 5.6 6.9 6.7 6.7 10.4 Long-termn debt ... 2.9 3.5 4.7 5.5 6.8 6.6 6.6 10.3 IME repurchases and charges 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Short-term debt (interest only) ... 0.1 0.2 0.2 0.1 0.1 0.1 0.1 0.1 2. AGG REGATE NE T RESOUrRCE FLOVS AND N ET- TR.A.NSFERS (LONG-TERMI NET RESOURCE FLOWS . . 56.8 15.2 17.2 20.0 21.4 26.6 72.0 35.7 Net flow of long-term debt(ex.JF I. .. 5.8 1.2 3.1 4.5 0.6 8.4 47.3 6.3 Foreign direct investment (net) ... 49.0 13.0 14.0 15.0 20.0 17.0 25.0 24.0 Portfolio equity flows ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Grants (excluding technical coop.) ... 2.0 1.0 0.2 0.4 0.8 1.2 -0.3 5.4 Memo: technical coop. grants ... 2.3 2.1 6.3 4.0 2.3 2.3 2.3 1.0 official net resource flows ... 8.2 1.8 3.0 2.7 2.3 10.8 32.6 13.7 private net resource flows ... 48.6 13.4 14.2 17.3 19.1 15.8 39.4 22.0 NET TRANSFERS . . 50.4 3.7 7.4 9.3 11.0 14.6 58.8 21.0 Interest on long-termn debt ... 1.4 1.0 1.3 1.7 1.9 2.0 2.1 4.7 Profit rermittances on FDI .. 5.0 10.5 8.5 9.0 8.5 10.0 11.0 10.0 Memo: official net transfers ... 6.8 0.9 1.8 1.2 0.8 9.1 30.7 10.5 private net transfers ... 43.6 2.8 5.6 8.1 10.2 5.5 28.1 10.5 3. r*L4.JOR ECONOMIC AGGREGATES Gross national product (GNP) ... 152.3 173.3 188.3 209.9 221.5 229.9 249.1 266.5 Exports of goods &services (XGS) ... 102.8 127.9 131.4 137.9 119.1 123.7 141.9 145.4 of which workers remittances ... 17.2 13.3 13.6 14.1... Imports of goods &services (MGS) ... 140.1 138.4 155.8 159.7 190.6 213.0 222.1 252.4 Intemnational reserves (RES) ... 16.3 26.2 29.4 31.8 33.5 32.7 36.1 46.8 Cur-rent account balance .... 47.0 -15.8 -30.1 -26.4 -53.5 -73.8 -65.0 -68.2 4. DEBT [NDICATORS EDT /XGS ()... 44.0 40.2 40.9 42.1 47.4 51.8 78.0 79.2 EDT /GNP(% ... 29.7 29.7 28.5 27.7 25.5 27.9 44.4 43.2 TDS / XGS ()... 2.9 2.9 3.7 4.1 5.8 5.4 4.7 7.2 INT /XGS ()... 1.5 0.9 1.1 1.4 1.7 1.7 1.6 3.3 INT /GNP(% ... 1.0 0.7 0.8 0.9 0.9 0.9 0.9 1.8 RES /EDT(% ... 36.0 51.1 54.8 54.8 59.4 51.1 32.6 40.7 RES /MGS (months) ... 1.4 2.3 2.3 2.4 2.1 1.8 2.0 2.2 Short-termn/ EDT (%) ... 2.2 7.8 7.5 5.2 4.8 3.0 1.9 1.3 Concessional /EDT (%) ... 76.6 70.2 71.0 67.1 72.9 80.3 75.0 75.8 Multilateral /EDT (%) ... 44.3 42.0 46.7 46.3 52.0 52.1 35.9 34.7 507 ST. KITTS AND NEVIS (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 S. LONG-TER.NI DEB'T DEBT OUTSTANDING (LDOD) ... 44.2 47.4 49.7 55.1 53.8 62.2 108.5 111.3 Public and publicly guaranteed ... 44.2 47.4 49.7 55.1 53.8 62.2 108.5 111.3 Official creditors ... 41.4 43.2 45.3 48.4 48.2 57.8 89.7 94.5 Multilateral ... 20.0 21.6 25.1 26.9 29.3 33.4 39.7 39.9 Concessional ... 15.1 17.2 20.1 21.0 23.4 28.0 33.4 32.8 Bilateral ... 21.5 21.6 20.2 21.5 18.8 24.4 50.0 54.6 Concessional ... 19.5 18.9 18.0 18.0 17.7 23.5 49.5 54.4 Private creditors ... 2.7 4.2 4.4 6.7 5.6 4.4 18.8 16.8 Bonds ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks ... 0.0 0.0 0.0 0.0 0.0 0.0 15.0 14.3 Other private ... 2.7 4.2 4.4 6.7 5.6 4.4 3.8 2.4 Private nonguaranteed . . 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 0.0 0.0 0.2 0.2 0.8 1.1 1.0 0.9 0.8 IDA 0.0 0.0 0.0 0.6 1.4 1.6 1.6 1.6 1.5 1.5 DISBURSEMENTS . . 7.3 3.7 6.5 8.2 5.5 13.0 51.8 11.9 Public and publicly guaranteed . . 7.3 3.7 6.5 8.2 5.5 13.0 51.8 11.9 Official creditors ... 7.3 2.4 5.2 4.9 5.0 12.5 35.9 11.9 Multilateral ... 2.4 2.4 5.2 2.6 3.7 6.1 9.2 6.0 Concessional ... 2.3 2.1 4.0 1.7 3.4 6.0 7.3 4.6 Bilateral ... 4.9 0.0 0.0 2.3 1.3 6.5 26.8 5.9 Concessional ... 4.9 0.0 0.0 0.2 1.3 6.5 26.8 5.9 Private creditors ... 0.0 1.3 1.3 3.3 0.6 0.5 15.8 0.0 Bonds ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks ... 0.0 0.0 0.0 0.0 0.0 0.0 15.0 0.0 Other private . . 0.0 1.3 1.3 3.3 0.6 0.5 0.8 0.0 Private nonguaranteed . . 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 0.0 0.0 0.2 0.0 0.6 0.3 0.0 0.0 0.2 IDA 0.0 0.0 0.0 0.6 0.9 0.1 0.0 0.0 0.0 0.0 PRINCIPAL REPAYMENTS . . 1.5 2.5 3.4 3.7 4.9 4.6 4.5 5.6 Public and publicly guaranteed . . 1.5 2.5 3.4 3.7 4.9 4.6 4.5 5.6 Official creditors ... 1.1 1.6 2.4 2.7 3.4 2.9 3.1 3.6 Multilateral ... 0.7 1.2 1.2 1.4 1.5 1.7 2.1 2.1 Concessional ... 0.6 0.9 0.9 1.1 1.0 1.3 1.5 1.6 Bilateral ... 0.3 0.4 1.2 1.2 1.9 1.2 0.9 1.4 Concessional ... 0.2 0.1 0.7 0.5 1.6 0.9 0.6 1.2 Private creditors ... 0.4 1.0 1.0 1.0 1.5 1.7 1.4 2.0 Bonds ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.7 Other private ... 0.4 1.0 1.0 1.0 1.5 1.7 1.4 1.4 Private nonguaranteed . . 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Comimercial banks ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.1 0.1 IDA 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 NET FLOWS ON DEBT . . 5.8 1.2 3.1 4.5 0.6 8.4 47.3 6.3 Public and publicly guaranteed . . 5.8 1.2 3.1 4.5 0.6 8.4 47.3 6.3 Official creditors ... 6.2 0.8 2.8 2.3 1.5 9.6 32.9 8.3 Multilateral ... 1.7 1.2 4.0 1.2 2.2 4.4 7.0 3.8 Concessional ... 1.6 1.2 3.1 0.6 2.3 4.7 5.8 3.0 Bilateral ... 4.6 -0.4 -1.2 1.1 -0.7 5.2 25.8 4.5 Concessional ... 4.7 -0. 1 -0.7 -0.3 -0.3 5.6 26.2 4.8 Private creditors ... -0.4 0.4 0.2 2.3 -0.9 -1.2 14.4 -2.0 Bonds ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commnercial banks ... 0.0 0.0 0.0 0.0 0.0 0.0 15.0 -0.7 Other private ... -0.4 0.4 0.2 2.3 -0.9 -1.2 -0.6 -1.4 Private nonguaranteed . . 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Comimercial banks ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 0.0 0.0 0.2 0.0 0.6 0.3 0.0 -0.1I 0.1 IDA 0.0 0.0 0.0 0.6 0.9 0.1 0.0 0.0 0.0 0.0 508 ST. KITTS AND NEVIS (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 INTEREST PAYMENTS (LINT) ... 1.4 1.0 1.3 1.7 1.9 2.0 2.1 4.7 Public and publicly guaranteed ... 1.4 1.0 1.3 1.7 1.9 2.0 2.1 4.7 Official creditors ... 1.4 0.9 1.2 1.5 1.5 1.7 1.9 3.2 Multilateral ... 0.7 0.5 0.8 0.9 1.0 1.1 1.0 1.3 Concessional ... 0.5 0.4 0.6 0.7 0.7 0.8 0.8 1.0 Bilateral ... 0.7 0.4 0.5 0.6 0.5 0.6 0.9 1.9 Concessional ... 0.6 0.3 0.3 0.4 0.4 0.5 0.8 1.9 Private creditors ... 0.0 0.1 0.1 0.2 0.4 0.3 0.3 1.5 Bonds ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 1.4 Other private ... 0.0 0.1 0.1 0.2 0.4 0.3 0.2 0.2 Private nonguaranteed . . 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IB3RD 0.0 0.0 0.0 0.0 0.0 0.0 0.1 0.1 0.1 0.1 IDA 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 NET TRANSFERS ON DEBT . . 4.4 0.1 1.7 2.8 -1.3 6.4 45.2 1.6 Public and publicly guaranteed . . 4.4 0.1 1.7 2.8 -1.3 6.4 45.2 1.6 Official creditors ... 4.8 -0. 1 1.6 0.8 0.1 7.9 31.0 5.1 Multilateral ... 1.0 0.7 3.3 0.3 1.3 3.3 6.0 2.6 Concessional ... 1.1 0.8 2.6 0.0 1.7 3.9 5.0 2.0 Bilateral ... 3.8 -0.8 -1.7 0.5 -1.2 4.6 25.0 2.6 Concessional ... 4.1 -0.4 -1.0 -0.7 -0.7 5.0 25.4 2.9 Private creditors ... -0.5 0.3 0.1 2.0 -1.3 -1.5 14.2 -3.6 Bonds ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Comimercial banks ... 0.0 0.0 0.0 0.0 0.0 0.0 15.0 -2.0 Other private ... -0.5 0.3 0.1 2.0 -1.3 -1.5 -0.8 -1.6 Private nonguaranteed . . 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 0.0 0.0 0.2 0.0 0.6 0.3 -0. 1 -0.2 0.0 IDA 0.0 0.0 0.0 0.6 0.8 0.1 0.0 0.0 0.0 0.0 DEBT SERVICE (LTDS) . . 2.9 3.5 4.7 5.5 6.8 6.6 6.6 10.3 Public and publicly guaranteed . . 2.9 3.5 4.7 5.5 6.8 6.6 6.6 10.3 Official creditors ... 2.4 2.5 3.6 4.2 4.9 4.6 5.0 6.7 Multilateral ... 1.4 1.7 2.0 2.3 2.4 2.7 3.2 3.4 Concessional ... 1.1 1.3 1.4 1.7 1.7 2.1 2.3 2.6 Bilateral ... 1.0 0.8 1.7 1.8 2.4 1.8 1.8 3.3 Concessional ... 0.8 0.4 1.0 0.9 2.0 1.5 1.4 3.0 Private creditors ... 0.5 1.1 1.1 1.3 1.9 2.0 1.6 3.6 Bonds ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 2.0 Other private ... 0.5 1.1 1.1 1.3 1.9 2.0 1.6 1.6 Private nonguaranteed . . 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.1 0.1 0.2 0.1 IDA 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 UNDISBURSED DEBT . . 15.3 37.0 44.3 41.5 45.9 69.1 50.1 46.1 Official creditors ... 14.3 35.7 44.3 40.5 45.4 69.1 50.1 46.1 Private creditors ... 1.1 1.3 0.0 1.0 0.5 0.0 0.0 0.0 Memorandum items Concessional LDOD ... 34.7 36.1 38.1 39.0 41.1 51.6 83.0 87.2 Variable rate LDOD ... 0.0 0.9 0.8 1.3 1.5 1.4 1.2 1.1 Public sector LDOD ... 40.7 44.4 47.5 53.4 52.5 61.3 108.0 111.2 Private sector LDOD .. 3.4 3.0 2.2 1.7 1.3 0.9 0.5 0.1 6. CURRENCY COMEPOSrTION OF LONG-TERM DEBT (PERCENT) Deutsche mark ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 French franc ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Japanese yen ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Pound sterling ... 16.3 13.1 11.3 9.8 7.3 5.8 3.7 3.1 Swiss franc ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 U.S.dollars ... 37.8 43.7 46.5 51.6 51.3 55.2 71.6 71.3 Multiple currency ... 35.5 35.9 36.2 33.1 34.0 29.1 16.1 14.4 Special drawing rights ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 All other cuffencies ... 10.4 7.3 6.0 5.5 7.4 9.9 8.6 11.2 509 ST. KITTS AND NEVIS (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 7. DEBTr RESTRUICTUIJRNGS Total amount rescheduled ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Debt stock rescheduled ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal rescheduled ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Official ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Interest rescheduled . 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Official ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Debt forgiven ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: interest forgiven ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Debt stock reduction ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 of which debt buyback ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 8. DEBT STOCK-FLOW RECONCILIA niON Total change in debt stocks ... 8.6 1.6 2.3 4.4 -1.7 7.7 46.6 4.5 Net flows on debt ... 6.8 3.2 3.1 3.4 0.0 8.7 47.5 7.7 Net change in interest arrears ... -0. 1 0.9 -0. 1 0.2 0.2 -1.1 0.0 0.2 Interest capitalized ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Debt forgiveness or reduction ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Cross-currency valuation ... 2.1 -1.5 -0.3 0.6 0.2 0.1 -0.7 0.4 Residual ... -0.2 -0.9 -0.4 0.2 -2.1 -0. 1 -0.2 -3.8 9. AVERAGE TERNIS OF NEW COMMITMENTS ALL CREDITORS Interest (%) ... 4.0 2.8 3.8 5.1 3.7 2.0 6.8 6.4 Maturity (years) ... 31.7 26.1 21.9 6.9 18.8 32.2 12.8 15.4 Grace period (years) ... 7.5 8.0 6.0 1.8 5.2 9.5 6.5 3.8 Grant element (%) ... 41.5 54.2 43.7 16.8 40.7 66.1 17.9 19.9 Official creditors Interest (%) ... 4.5 2.0 3.8 2.0 3.7 2.0 4.9 6.4 Maturity (years) ... 38.0 31.7 21.9 10.9 18.8 32.2 15.0 15.4 Grace period (years) ... 9.0 9.8 6.0 3.4 5.2 9.5 3.5 3.8 Grant element (%) ... 46.1 65.9 43.7 38.4 40.7 66.1 27.8 19.9 Private creditors Interest (%) ... 2.0 5.9 0.0 5.8 0.0 0.0 8.9 0.0 Maturity (years) ... 5.8 6.0 0.0 6.0 0.0 0.0 10.2 0.0 Grace period (years) ... 1.3 1.6 0.0 1.5 0.0 0.0 10.0 0.0 Grant element (%) ... 22.5 11.8 0.0 12.3 0.0 0.0 6.2 0.0 Memorandum items Comniitments .. 5.5 12.0 13.7 5.3 11.2 36.3 34.5 9.7 Official creditors . . 4.4 9.4 13.7 0.9 11.2 36.3 18.6 9.7 Private creditors .. 1.1 2.6 0.0 4.4 0.0 0.0 15.8 0.0 10. CONTRACTUAL OBLIGATIONS ON OUTSTANDING LONG-TERM DEBT 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 TOTAL Disbursements 14.1 12.5 9.6 6.2 2.0 0.9 0.6 0.3 0.1 0.0 Principal 6.2 5.2 6.6 7.0 7.4 7.3 7.6 8.5 8.5 22.2 Interest 4.8 5.0 5.1 5.1 5.0 4.7 4.4 4.1 3.8 2.2 Official creditors Disbursements 14.1 12.5 9.6 6.2 2.0 0.9 0.6 0.3 0.1 0.0 Principal 4.5 4.9 6.5 6.8 7.3 7.3 7.6 8.5 8.5 7.8 Interest 3.3 3.6 3.8 3.8 3.7 3.4 3.1 2.8 2.5 2.2 Bilateral creditors Disbursements 4.6 2.4 1.4 0.6 0.2 0.0 0.0 0.0 0.0 0.0 Principal 2.4 2.8 3.9 3.8 3.9 3.8 4.2 4.5 4.5 3.9 Interest 2.0 2.0 1.9 1.8 1.7 1.5 1.4 1.2 1.1 0.9 Multilateral creditors Disbursements 9.5 10.1 8.1 5.6 1.7 0.9 0.6 0.3 0.1 0.0 Principal 2.0 2.1 2.6 3.0 3.5 3.5 3.4 4.0 4.0 4.0 Interest 1.3 1.6 1.9 2.0 2.0 1.9 1.7 1.6 1.5 1.3 Private creditors Disbursements 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal 1.7 0.3 0.2 0.2 0.1 0.0 0.0 0.0 0.0 14.3 Interest 1.4 1.3 1.3 1.3 1.3 1.3 1.3 1.3 1.3 0.0 Comimercial banks Disbursements 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 14.3 Interest 1.3 1.3 1.3 1.3 1.3 1.3 1.3 1.3 1.3 0.0 Other private Disbursements 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal 1.7 0.3 0.2 0.2 0.1 0.0 0.0 0.0 0.0 0.0 Interest 0.1 0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 510 ST. LUCIA (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 I. SUMMARt DEBT DA~TA TOTAIL DEBT STOCKS (EDT) ... 79.6 95.7 99.0 111.9 126.8 140.1 151.7 183.6 Long-term debt (LDOD) .- 72.6 87.6 94.6 101.9 109.8 119.9 118.7 127.1 Public and publicly guaranteed ... 72.6 87.6 94.6 101.9 109.8 119.9 118.7 127.1 Private nonguaranteed ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Use of IMF credit 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Short-term debt .. 7.0 8.2 4.4 10.0 16.9 20.2 33.0 56.5 of which interest arrears on LDOD ... 0.8 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Official creditors ... 0.8 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private creditors ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: principal arrears on LDOD ... 0.1 0.3 0.5 0.2 0.0 0.0 0.0 0.0 Official creditors ... 0.1 0.3 0.5 0.2 0.0 0.0 0.0 0.0 Private creditors ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: export credits ... 40.0 33.0 31.0 31.0 30.0 32.0 30.0 30.0 TOTAL DEBT FLOWS Disbursements . . 8.1 28.0 15.6 8.9 11.5 17.5 10.1 14.1 Long-termndebt ... 8.1 28.0 15.6 8.9 11.5 17.5 10.1 14.1 IMF purchases 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal repayments . . 3.2 6.9 5.8 5.5 5.8 6.2 6.6 7.9 Long-term debt ... 3.2 6.9 5.8 5.5 5.8 6.2 6.6 7.9 EMF repurchases 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Net flows on debt . . 7.1 23.0 6.0 9.0 12.6 14.7 16.4 29.7 of which short-term debt ... 2.2 1.9 -3.8 5.6 6.9 3.3 12.8 23.5 Interest payments (INT) . . 3.2 4.4 5.1 5.0 5.7 6.2 6.6 8.1 Long-term debt ... 2.8 4.1 4.9 4.5 4.7 5.3 5.2 5.7 IMF charges 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Short-term debt ... 0.3 0.3 0.2 0.5 0.9 0.9 1.4 2.4 Net transfers on debt . . 4.0 18.6 0.9 4.0 7.0 8.4 9.7 21.6 Total debt service paid (TDS) . . 6.4 11.3 10.9 10.5 11.5 12.4 13.2 16.0 Long-term debt ... 6.0 11.0 10.7 10.0 10.6 11.5 11.8 13.7 IMF repurchases and charges 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Short-term debt (interest only) .. 0.3 0.3 0.2 0.5 0.9 0.9 1.4 2.4 2. AGGREGAT.E NET RESOURCE FLO%%S.A.ND NET TRANSFERS (LONG-TERNI I NET RESOURCE FLOWS . . 53.0 67.1 58.2 53.6 82.9 78.7 53.6 66.5 Net flow of long-term debt (ex.1IF ... 4.9 21.1 9.8 3.4 5.7 11.4 3.6 6.2 Foreign direct investment (net) . . 45.0 40.9 34.1 32.4 35.0 39.0 45.0 46.0 Portfolio equity flows ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Grants (excluding technical coop.) ... 3.1 5.1 14.3 17.8 42.2 28.3 5.0 14.3 Memo: technical coop. grants ... 3.5 3.9 4.2 7.1 4.7 4.4 4.3 4.5 official net resource flows ... 8.8 27.0 24.6 21.2 47.9 39.7 8.6 13.5 private net resource flows ... 44.2 40.1 33.6 32.4 35.0 39.0 45.0 53.0 NET TRANSFERS . . 23.7 33.9 20.3 15.1 45.2 43.4 16.4 27.8 Interest on long-terTndebt ... 2.8 4.1 4.9 4.5 4.7 5.3 5.2 5.7 Profit remittances on FDI . 26.5 29.1 33.0 34.0 33.0 30.0 32.0 33.0 Memo: official net transfers ... 6.2 23.0 19.7 16.7 43.2 34.4 3.4 7.8 private net transfers ... 17.5 10.9 0.6 -1.6 2.0 9.0 13.0 20.0 3. MA-JOR ECONOMIC AGGREGATES Gross national product (GNP) ... 369.2 447.6 457.1 484.0 521.2 532.2 548.5 576.0 Exports of goods & services (XGS) ... 301.2 343.7 346.2 362.1 407.2 381.4 362.8 384.5 of which workers renmittances ... 13.7 16.1 13.6 19.6 21.0 22.1 Imports of goods &services (MGS) ... 352.1 391.4 391.1 408.9 438.6 453.6 470.7 461.0 Intemational reserves (RES) ... 44.6 55.5 60.0 57.8 63.1 56.1 61.0 70.6 Current account balance ... -57.0 -54.8 -49.3 -48.5 -33.2 -80.3 -95.2 -64.0 4. DEBT INDICATORS EDT /XGS(% . . 26.4 27.8 28.6 30.9 31.1 36.7 41.8 47.8 EDT /GNP(% ... 21.6 21.4 21.7 23.1 24.3 26.3 27.7 31.9 TDS /XGS(% ... 2.1 3.3 3.2 2.9 2.8 3.3 3.6 4.2 IINT /XGS(% ... 1.1 1.3 1.5 1.4 1.4 1.6 1.8 2.1 IINT /GNP(% ... 0.9 1.0 1.1 1.0 1.1 1.2 1.2 1.4 RES /EDT(% ... 56.0 58.0 60.6 51.6 49.8 40.1 40.2 38.5 RES /MGS (months) . . 1.5 1.7 1.8 1.7 1.7 1.5 1.6 1.8 Short-term /EDT (%) ... 8.8 8.6 4.4 8.9 13.3 14.4 21.8 30.8 Concessional /EDT(% ... 41.3 54.4 59.4 57.6 58.3 58.5 55.3 46.7 Multilateral /EDT (%) ... 53.6 59.7 65.4 62.1 61.1 60.5 55.8 47.1 511 ST. LUCIA (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 5. LONG-TERMN DEBT DEBT OUTSTANDING (LDOD) ... 72.6 87.6 94.6 101.9 109.8 119.9 118.7 127.1 Public and publicly guaranteed ... 72.6 87.6 94.6 101.9 109.8 119.9 118.7 127.1 Official creditors ... 70.0 86.9 94.6 101.8 109.8 119.8 118.7 120.1 Multilateral ... 42.7 57.1 64.7 69.5 77.5 84.7 84.7 86.5 Concessional ... 32.5 42.1 46.1 48.9 56.2 60.6 61.6 61.9 Bilateral ... 27.3 29.9 29.9 32.3 32.3 35.1 33.9 33.6 Concessional ... 0.4 10.0 12.7 15.6 17.7 21.3 22.3 23.8 Private creditors ... 2.6 0.6 0.1 0.1 0.0 0.0 0.0 7.1 Bonds ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks ... 2.6 0.6 0.1 0.1 0.0 0.0 0.0 7.1 Other private ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private nonguaranteed . . 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 0.0 0.0 0.0 0.4 1.5 2.1 3.9 3.7 5.4 IDA 0.0 0.0 0.0 4.4 5.3 5.7 7.9 8.2 9.7 11.4 DISBURSEMENTS . . 8.1 28.0 15.6 8.9 11.5 17.5 10.1 14.1 Public and publicly guaranteed . . 8.1 28.0 15.6 8.9 11.5 17.5 10.1 14.1 Official creditors ... 8.1 28.0 15.6 8.9 11.5 17.5 10.1 7.1 Multilateral . . 7.0 15.8 12.0 6.7 10.8 12.8 6.8 5.7 Concessional ... 4.3 11.1 7.6 4.0 9.3 7.9 5.2 2.9 Bilateral ... 1.1 12.1 3.6 2.2 0.8 4.8 3.3 1.4 Concessional ... 0.2 9.1 3.6 1.7 0.8 4.8 3.3 1.4 Private creditors ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 7.1 Bonds ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Comimercial banks ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 7.1 Other private ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private nonguaranteed . . 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 0.0 0.0 0.0 0.5 1.0 0.7 2.2 0.4 1.5 IDA 0.0 0.0 0.0 4.0 0.8 0.2 2.1 0.6 2.0 1.2 PRINCIPAL REPAYMENTS . . 3.2 6.9 5.8 5.5 5.8 6.2 6.6 7.9 Public and publicly guaranteed . . 3.2 6.9 5.8 5.5 5.8 6.2 6.6 7.9 Official creditors ... 2.4 6.1 5.3 5.5 5.8 6.2 6.6 7.9 Multilateral ... 2.4 2.8 3.2 3.4 3.8 4.1 4.6 5.1 Concessional ... 2.0 2.2 2.4 2.3 2.6 2.7 2.8 3.3 Bilateral ... 0.0 3.3 2.1 2.1 2.0 2.1 2.0 2.8 Concessional ... 0.0 0.5 0.1 0.1 0.1 0.1 0.1 0.9 Private creditors ... 0.8 0.8 0.5 0.0 0.0 0.0 0.0 0.0 Bonds ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks ... 0.8 0.8 0.5 0.0 0.0 0.0 0.0 0.0 Other private ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private nonguaranteed . . 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commrercial banks ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.1 0.2 0.2 0.2 IDA 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 NET FLOWS ON DEBT . . 4.9 21.1 9.8 3.4 5.7 11.4 3.6 6.2 Public and publicly guaranteed . . 4.9 21.1 9.8 3.4 5.7 11.4 3.6 6.2 Official creditors ... 5.7 21.9 10.3 3.4 5.7 11.4 3.6 -0.8 Multilateral ... 4.6 13.0 8.8 3.3 7.0 8.6 2.2 0.6 Concessional ... 2.2 9.0 5.2 1.7 6.7 5.1 2.4 -0.4 Bilateral ... 1.1 8.9 1.5 0.1 -1.3 2.7 1.3 -1.4 Concessional ... 0.2 8.6 3.5 1.6 0.7 4.7 3.3 0.5 Private creditors ... -0.8 -0.8 -0.5 0.0 0.0 0.0 0.0 7.0 Bonds ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks . . -0.8 -0.8 -0.5 0.0 0.0 0.0 0.0 7.0 Other private ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private nonguaranteed . . 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 0.0 0.0 0.0 0.5 1.0 0.6 2.0 0.2 1.3 IDA 0.0 0.0 0.0 4.0 0.8 0.2 2.1 0.6 2.0 1.2 512 ST. LUCIA (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 INTEREST PAYMENTS (LINT) ... 2.8 4.1 4.9 4.5 4.7 5.3 5.2 5.7 Public and publicly guaranteed ... 2.8 4.1 4.9 4.5 4.7 5.3 5.2 5.7 Official creditors ... 2.6 4.0 4.9 4.5 4.7 5.3 5.2 5.7 Multilateral ... 1.8 2.1 2.5 2.7 2.9 3.4 3.7 3.9 Concessional ... 1.3 1.2 1.4 1.5 1.6 1.7 1.9 2.0 Bilateral ... 0.8 1.9 2.3 1.7 1.8 1.9 1.5 1.8 Concessional ... 0.0 0.6 1.0 0.8 0.9 0.9 0.9 0.9 Private creditors ... 0.2 0.1 0.0 0.0 0.0 0.0 0.0 0.0 Bonds .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks ... 0.2 0.1 0.0 0.0 0.0 0.0 0.0 0.0 Other private ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private nonguaranteed ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Comimercial banks ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.1 0.2 0.3 0.3 IDA 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.1 0.1 0.1 NET TRANSFERS ON DEBT . . 2.1 17.0 4.9 -1.1 1.0 6.0 .1.6 0.5 Public and publicly guaranteed . . 2.1 17.0 4.9 .1.1 1.0 6.0 .1.6 0.5 Official creditors ... 3.1 17.9 5.4 -1.1 1.0 6.1 -1.6 -6.6 Multilateral ... 2.8 10.9 6.3 0.5 4.0 5.2 -1.4 -3.3 Concessional ... 1.0 7.7 3.8 0.2 5.1 3.4 0.5 -2.4 Bilateral ... 0.3 6.9 -0.8 -1.6 -3.1 0.9 -0.2 -3.2 Concessional ... 0.2 7.9 2.6 0.8 -0.3 3.8 2.4 -0.4 Private creditors ... -1.0 -0.9 -0.6 0.0 0.0 0.0 0.0 7.0 Bonds ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Comimercial banks ... -1.0 -0.9 -0.6 0.0 0.0 0.0 0.0 7.0 Other private ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private nonguaranteed . . 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Comimercial banks ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 0.0 0.0 0.0 0.5 1.0 0.4 1.8 -0.1I 1.1 IDA 0.0 0.0 0.0 3.9 0.8 0.1 2.0 0.5 1.9 1.2 DEBT SERVICE (LTDS) . . 6.0 11.0 10.7 10.0 10.6 11.5 11.8 13.7 Public and publicly guaranteed . . 6.0 11.0 10.7 10.0 10.6 1 1.5 11.8 13.7 Official creditors ... 5.0 10.1 10.1 10.0 10.6 11.5 11.8 13.6 Multilateral ... 4.2 4.9 5.7 6.2 6.7 7.5 8.2 9.0 Concessional ... 3.3 3.4 3.8 3.8 4.2 4.5 4.7 5.3 Bilateral ... 0.8 5.2 4.4 3.8 3.8 3.9 3.5 4.6 Concessional ... 0.0 1.1 1.0 0.9 1.0 1.0 0.9 1.7 Private creditors ... 1.0 0.9 0.6 0.0 0.0 0.0 0.0 0.0 Bonds ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks ... 1.0 0.9 0.6 0.0 0.0 0.0 0.0 0.0 Other private ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private nonguaranteed . . 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.2 0.4 0.5 0.4 IDA 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.1 0.1 0.1 UNDISBURSED DEBT . . 49.9 42.9 33.9 32.7 68.0 53.2 60.6 57.6 Official creditors ... 49.9 42.9 33.9 32.7 68.0 53.2 46.6 50.3 Private creditors ... 0.0 0.0 0.0 0.0 0.0 0.0 14.1 7.3 Memorandum itemis Concessional LDOD ... 32.9 52.1 58.8 64.5 73.9 81.9 84.0 85.8 Variable rate LDOD ... 0.0 0.0 0.4 1.6 2.2 4.5 5.1 7.5 Public sector LDOD ... 72.6 87.6 94.6 101.9 109.8 119.9 118.7 127.1 Private sector LDOD ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 6. CLURRENC'C'ONMPOSFTION OF LONG-TERM DEBT iPERCENTi Deutsche mark ... 5.9 4.2 3.3 3.0 2.7 2.0 1.6 1.4 French franc ... 0.3 11.3 13.3 15.3 16.1 14.2 13.3 12.6 Japanese yen ... 4.0 3.7 3.4 3.1 2.5 1.8 1.3 1.0 Pound sterling ... 39.9 22.6 18.8 16.8 13.8 12.3 10.4 8.1 Swiss franc 1.1 0.8 0.6 0.6 0.5 0.3 0.3 0.2 U.S.dollars ... 32.6 46.5 52.1 51.4 54.1 58.6 63.1 60.8 Multiple currency ... 0.0 0.0 0.6 2.0 3.4 5.3 5.1 6.1 Special drawing rights ... 0.8 0.5 1.2 1.9 1.8 1.6 1.8 2.0 All other cuffencies ... 15.4 10.4 6.7 5.9 5.1 3.9 3.1 7.8 513 ST. LUCIA (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 7. DEBT RESTRUiCTUrRINGS Total amount rescheduled ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Debt stock rescheduled ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal rescheduled ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Official ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Interest rescheduled ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Official ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Debt forgiven ... 0.4 0.0 0.6 0.2 0.0 0.0 0.0 0.0 Memo: interest forgiven ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Debt stock reduction ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 of which debt buyback ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 8. DEBT STOCK-FLOW RECONCILIAT'ION Total change in debt stocks ... 14.0 16.2 3.3 12.9 14.9 13.3 11.6 32.0 Net flows on debt ... 7.1 23.0 6.0 9.0 12.6 14.7 16.4 29.7 Net change in interest arrears ... 0.8 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Interest capitalized ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Debt forgiveness or reduction ... -0.4 0.0 -0.6 -0.2 0.0 0.0 0.0 0.0 Cross-currency valuation ... 7.6 -5.6 -1.6 3.9 2.2 -0.6 -3.6 1.8 Residual ... -1.1 -1.2 -0.5 0.2 0.1 -0.8 -1.1 0.5 9. AVERA-GE TERMIS OF NEW COMIMITMENTS ALL CREDITORS Interest (%) ... 4.3 3.6 3.6 4.1 4.7 5.7 6.1 3.0 Maturity (years) ... 24.1 31.1 19.6 19.9 24.8 16.0 12.9 25.6 Grace period (years) ... 8.2 8.2 5.3 4.1 7.1 3.1 8.0 7.4 Grant element (%) ... 42.8 52.0 41.7 36.9 38.4 20.4 23.5 53.2 Official creditors Interest (%) ... 4.3 3.6 3.6 4.1 4.7 5.7 3.3 3.0 Maturity (years) . . 24.1 31.1 19.6 19.9 24.8 16.0 15.7 26.1 Grace period (years) ... 8.2 8.2 5.3 4.1 7.1 3.1 3.6 7.6 Grant element (%) ... 42.8 52.0 41.7 36.9 38.4 20.4 38.5 54.1 Private creditors Interest (%) ... 0.0 0.0 0.0 0.0 0.0 0.0 8.0 2.5 Maturity (years) ... 0.0 0.0 0.0 0.0 0.0 0.0 11.0 7.0 Grace period (years) ... 0.0 0.0 0.0 0.0 0.0 0.0 11.0 0.1 Grant element (%) ... 0.0 0.0 0.0 0.0 0.0 0.0 13.0 20.2 Memorandum items Commiitments ... 34.9 7.0 8.4 6.9 50.4 3.5 23.9 11.3 Official creditors ... 34.9 7.0 8.4 6.9 50.4 3.5 9.9 11.0 Private creditors ... 0.0 0.0 0.0 0.0 0.0 0.0 14.1 0.3 10. CONTRACTUJAL OBLIGATIONS ON OLrTSTANDING LONG-TERMN DEBT 1999 2000 2001 2002 2003 2004 -2005 2006 2007 2008 TOTAL Disbursements 16.5 16.1 10.1 6.7 3.6 2.3 1.3 0.6 0.3 0.2 Principal 10.6 13.0 11.4 11.0 10.8 10.8 10.4 10.0 9.3 23.3 Interest 6.6 6.7 6.5 6.2 5.8 5.3 4.8 4.4 3.9 3.5 Official creditors Disbursements 11.4 13.9 10.1 6.7 3.6 2.3 1.3 0.6 0.3 0.2 Principal 10.6 13.0 11.4 11.0 10.8 10.8 10.4 10.0 9.3 9.2 Interest 5.6 5.6 5.4 5.1 4.7 4.2 3.7 3.2 2.8 2.4 Bilateral creditors Disbursements 0.9 0.5 0.4 0.1 0.1 0.0 0.0 0.0 0.0 0.0 Principal 4.8 5.7 2.9 2.9 2.8 2.8 2.8 2.5 2.3 2.3 Interest 1.8 1.5 1.2 1.0 0.9 0.7 0.6 0.4 0.3 0.2 Multilateral creditors Disbursements 10.6 13.4 9.7 6.5 3.5 2.2 1.3 0.6 0.3 0.2 Principal 5.8 7.3 8.4 8.0 8.0 8.0 7.6 7.5 7.1 6.9 Interest 3.8 4.1 4.2 4.0 3.8 3.5 3.1 2.8 2.5 2.1 Private creditors Disbursements 5.1 2.2 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal 0.1 0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 14.1 Interest 1.0 1.1 1.1 1.1 1.1 1.1 1.1 1.1 1.1 1.1 Comumercial banks Disbursements 5.1 2.2 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal 0.1 0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 14.1 Interest 1.0 1.1 1.1 1.1 1.1 1.1 1.1 1.1 1.1 1.1 Other private Disbursements 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Interest 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 514 ST. VINCENT AND THE GRENADINES (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 I. StI%1 N1.AR% DEBT DATA TOTAL DEBT STOCKS (EDT) .. 10.6 59.1 71.8 97.2 140.9 206.2 212.6 257.8 419.9 Long-term debt (LDOD) 0.7 10.3 57.0 70.3 73.4 86.8 86.8 86.2 85.6 101.4 Public and publicly guaranteed 0.7 10.3 57.0 70.3 73.4 86.8 86.8 86.2 85.6 101.4 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Use of IMF credit 0.0 0.3 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Short-term debt .. 0.0 2.1 1.6 23.7 54.0 119.3 126.3 172.2 318.6 of which interest arrears on LDOD .. 0.0 0.1 0.0 0.0 0.0 0.1 0.5 0.2 0.0 Official creditors .. 0.0 0.1 0.0 0.0 0.0 0.1 0.0 0.1 0.0 Private creditors .. 0.0 0.0 0.0 0.0 0.0 0.0 0.5 0.1 0.0 Memo: principal arrears on LDOD .. 0.0 0.1 0.0 0.0 0.1 0.6 0.9 0.1 0.2 Official creditors .. 0.0 0.1 0.0 0.0 0.1 0.3 0.0 0.1 0.2 Private creditors .. 0.0 0.0 0.0 0.0 0.0 0.2 0.9 0.0 0.0 Memo: export credits .. 0.0 2.0 2.0 3.0 3.0 3.0 5.0 20.0 58.0 TOTAL DEBT FLOWS Disbursements 0.2 3.5 7.0 7.8 9.4 15.9 3.1 6.1 9.8 20.8 Long-term debt 0.2 3.0 7.0 7.8 9.4 15.9 3.1 6.1 9.8 20.8 IMAF purchases 0.0 0.5 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal repayments 0.0 0.1 2.2 3.7 5.3 4.7 4.2 5.3 6.5 6.4 Long-term debt 0.0 0.1 2.2 3.7 5.3 4.7 4.2 5.3 6.5 6.4 IMF repurchases 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Net flows on debt 0.2 3.4 5.1 3.8 26.2 41.6 64.2 7.3 49.5 160.9 of which short-term debt .. 0.0 0.4 -0.4 22.2 30.3 65.3 6.6 46.2 146.5 Interest payments (INT) .. 0.3 1.8 2.0 2.8 3.9 6.2 8.6 10.9 16.1 Long-term debt 0.0 0.3 1.7 2.0 2.1 2.3 2.5 2.6 3.0 3.1 lIM charges 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Short-term debt .. 0.0 0.2 0.1 0.7 1.7 3.7 6.0 7.9 13.0 Net transfers on debt .. 3.1 3.3 1.7 23.4 37.6 58.0 -1.3 38.6 144.8 Total debt service paid (TDS) .. 0.4 4.1 5.7 8.1 8.6 10.4 13.9 17.4 22.5 Long-termn debt 0.0 0.4 3.9 5.6 7.4 7.0 6.7 8.0 9.5 9.5 IMF repurchases and charges 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Short-term debt (interest only) .. 0.0 0.2 0.1 0.7 1.7 3.7 6.0 7.9 13.0 2. AGGREGATE NET RESOLJRCE FLOW'S AND NET TRANSFERS (LONG-TERMi1 NET RESOURCE FLOWS 0.2 8.9 16.1 31.5 37.8 61.0 75.7 40.2 49.6 66.0 Net flow of long-term debt (ex. lIP 0.2 2.9 4.7 4.2 4.0 11.3 -1.1 0.7 3.3 14.4 Foreign direct investment (net) 0.0 1.1 8.0 19.0 31.0 47.0 31.4 19.0 42.0 40.0 Portfolio equity flows 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Grants (excluding technical coop.) 0.0 4.9 3.4 8.3 2.7 2.8 45.3 20.5 4.3 11.6 Memo: technical coop. grants 0.0 1.0 2.5 2.3 3.8 2.3 2.7 2.4 2.5 2.0 official net resource flows 0.0 7.7 8.1 12.5 6.8 9.3 44.2 21.2 9.2 26.4 private net resource flows 0.2 1.2 8.0 19.0 31.0 51.7 31.5 19.0 40.4 39.6 NET TRANSFERS 0.2 8.6 1.2 20.3 24.7 46.7 60.2 19.6 27.6 41.9 Interest on long-term debt 0.0 0.3 1.7 2.0 2.1 2.3 2.5 2.6 3.0 3.1 Profit remittances on FDI 0.0 0.0 13.2 9.2 11.0 12.0 13.0 18.0 19.0 21.0 Memo: official net transfers 0.0 7.5 6.4 10.5 4.7 7.0 42.0 18.7 6.7 23.5 private net transfers 0.2 1.1 -5.2 9.8 20.0 39.7 18.2 0.9 20.9 18.4 3. MAJOR ECONON1UC AGGREGATES Gross national product (GNP) 18.5 59.4 187.3 226.0 230.3 231.3 252.3 268.0 280.9 302.3 Exports of goods & services (XGS) .. 39.6 148.7 143.1 136.8 131.1 155.3 166.9 146.3 163.7 of which workers remittances .. 0.0 13.9 0.0 14.5 14.8 15.2 16.3 lImpoirts of goods &services (MGS) .. 65.0 167.9 171.9 173.1 186.1 190.2 197.1 227.9 249.6 International reserves (RES) .. 7.3 26.5 33.4 31.5 31.3 29.8 30.2 31.2 38.8 Current account balance .. -9.3 -23.6 -20.9 -43.8 -58.0 -41.2 -35.2 -65.6 -66.2 4. DEBT INDICA.TORS EDT /XGS(% . 26.8 39.8 50.2 71.0 107.5 132.8 127.4 176.2 256.6 EDT /GNP(% . 17.8 31.6 31.8 42.2 60.9 81.7 79.3 91.8 138.9 TDS /XGS(% . 1.0 2.8 4.0 5.9 6.6 6.7 8.3 11.9 13.8 INT /XGS(% . 0.8 1.2 1.4 2.1 3.0 4.0 5.2 7.5 9.8 INT /GNP(% . 0.5 1.0 0.9 1.2 1.7 2.5 3.2 3.9 5.3 RES /EDT(% . 68.6 44.8 46.5 32.4 22.2 14.5 .14.2 12.1 9.2 RES / MGS (months) .. 1.3 1.9 2.3 2.2 2.0 1.9 1.8 1.6 1.9 Short-term /EDT (%) .. 0.0 3.6 2.2 24.4 38.3 57.9 59.4 66.8 75.9 Concessional /EDT (% . 57.6 81.7 81.1 64.0 49.0 33.4 33.0 28.9 20.4 Multilateral /EDT (%) .. 58.5 80.4 71.7 52.4 39.8 27.2 24.7 21.7 15.6 515 ST. VINCENT AND THE GRENADINES (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 15. LONG- rERNI DEBT DEBT OUTSTANDING (LDOD) 0.7 10.3 57.0 70.3 73.4 86.8 86.8 86.2 85.6 101.4 Public and publicly guaranteed 0.7 10.3 57.0 70.3 73.4 86.8 86.8 86.2 85.6 101.4 Official creditors 0.0 9.4 57.0 70.3 73.4 82.1 82.0 81.4 83.8 100.0 Multilateral 0.0 6.2 47.5 51.5 50.9 56.1 56.0 52.4 56.0 65.4 Concessional 0.0 5.1 39.8 39.9 40.0 44.6 43.9 41.8 46.8 51.0 Bilateral 0.0 3.2 9.5 18.7 22.5 26.0 26.1 29.0 27.8 34.6 Concessional 0.0 1.0 8.5 18.3 22.2 24.5 25.0 28.4 27.6 34.6 Private creditors 0.7 0.9 0.0 0.0 0.0 4.7 4.8 4.8 1.8 1.4 Bonds 0.7 0.8 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 0.0 0.0 0.0 4.7 4.8 4.8 1.8 1.4 Other private 0.0 0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Comimercial banks 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 0.0 0.0 0.2 0.4 0.5 0.4 0.3 0.3 0.2 IDA 0.0 0.0 6.2 7.6 7.6 8.0 8.1 7.8 7.3 7.6 DISBURSEMENTS 0.2 3.0 7.0 7.8 9.4 15.9 3.1 6.1 9.8 20.8 Public and publicly guaranteed 0.2 3.0 7.0 7.8 9.4 15.9 3.1 6.1 9.8 20.8 Official creditors 0.0 2.9 7.0 7.8 9.4 11.2 3.1 6.1 9.8 20.8 Multilateral 0.0 2.8 6.3 3.7 4.8 6.8 2.2 1.8 8.6 12.4 Concessional 0.0 1.9 4.8 2.1 4.2 6.2 1.3 1.3 8.0 6.5 Bilateral 0.0 0.1 0.6 4.1 4.5 4.4 0.9 4.3 1.2 8.4 Concessional 0.0 0.0 0.6 4.1 4.5 2.9 0.9 4.3 1.2 8.4 Private creditors 0.2 0.1 0.0 0.0 0.0 4.7 0.1 0.0 0.0 0.0 Bonds 0.2 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 0.0 0.0 0.0 4.7 0.1 0.0 0.0 0.0 Other private 0.0 0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commnercial banks 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 0.0 0.0 0.1 0.3 0.0 0.0 0.1 0.1 0.0 IDA 0.0 0.0 0.9 0.0 0.0 0.0 0.0 0.0 0.0 0.1 PRINCIPAL REPAYMENTS 0.0 0.1 2.2 3.7 5.3 4.7 4.2 5.3 6.5 6.4 Public and publicly guaranteed 0.0 0.1 2.2 3.7 5.3 4.7 4.2 5.3 6.5 6.4 Official creditors 0.0 0.1 2.2 3.7 5.3 4.7 4.2 5.3 4.9 6.0 Multilateral 0.0 0.1 2.0 3.0 4.7 3.2 3.1 4.0 3.3 4.0 Concessional 0.0 0.1 1.6 2.2 4.0 2.3 2.0 2.7 2.2 2.8 Bilateral 0.0 0.0 0.2 0.7 0.6 1.4 1.1 1.4 1.6 2.0 Concessional 0.0 0.0 0.1 0.5 0.4 1.0 0.7 1.0 1.4 1.7 Private creditors 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 1.6 0.4 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 1.6 0.4 Other private 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 0.0 0.0 0.0 0.0 0.1 0.1 0.1 0.1 0.1 IDA 0.0 0.0 0.0 0.0 0.0 0.0 0.1 0.1 0.1 0.1 NET FLOWS ON DEBT 0.2 2.9 4.7 4.2 4.0 11.3 .1.1 0.7 3.3 14.4 Public and publicly guaranteed 0.2 2.9 4.7 4.2 4.0 11.3 -1.1 0.7 3.3 14.4 Official creditors 0.0 2.8 4.7 4.2 4.1 6.5 -1.1 0.7 4.9 14.8 Multilateral 0.0 2.7 4.3 0.8 0.1 3.6 -0.9 -2.2 5.4 8.4 Concessional 0.0 1.7 3.3 -0. 1 0.2 3.9 -0.7 -1.3 5.8 3.7 Bilateral 0.0 0.1 0.4 3.4 3.9 2.9 -0.3 2.9 -0.5 6.4 Concessional 0.0 0.0 0.6 3.6 4.1 1.9 0.2 3.3 -0.2 6.7 Private creditors 0.2 0.1 0.0 0.0 0.0 4.7 0.1 0.0 -1.6 -0.4 Bonds 0.2 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 0.0 0.0 0.0 4.7 0.1 0.0 -1.6 -0.4 Other private 0.0 0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 0.0 0.0 0.1 0.3 0.0 -0.1I 0.0 0.0 -0.1 IDA 0.0 0.0 0.9 0.0 0.0 0.0 -0.1I -0.1I -0.1I 0.1 516 ST. VINCENT AND THE GRENADINES (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 INTEREST PAYMENTS (LINT) 0.0 0.3 1.7 2.0 2.1 2.3 2.5 2.6 3.0 3.1 Public and publicly guaranteed 0.0 0.3 1.7 2.0 2.1 2.3 2.5 2.6 3.0 3.1 Official creditors 0.0 0.2 1.7 2.0 2.1 2.3 2.2 2.5 2.5 2.9 Multilateral 0.0 0.2 1.4 1.7 1.7 1.7 1.5 1.7 1.7 2.0 Concessional 0.0 0.1 1.1 1.1 1.1 1.1 1.0 1.2 1.1 1.6 Bilateral 0.0 0.0 0.3 0.3 0.4 0.6 0.7 0.8 0.8 0.9 Concessional 0.0 0.0 0.2 0.2 0.4 0.5 0.6 0.7 0.8 0.9 Private creditors 0.0 0.1 0.0 0.0 0.0 0.0 0.3 0.1 0.5 0.2 Bonds 0.0 0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 0.0 0.0 0.0 0.0 0.3 0.1 0.5 0.2 Other private 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commnercial banks 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 0.0 0.0 0.0 0.1 0.1 0.1 0.1 0.1 0.1 0.1 NET TRANSFERS ON DEBT 0.1 2.6 3.0 2.2 1.9 9.0 -3.6 -1.9 0.3 11.3 Public and publicly guaranteed 0.1 2.6 3.0 2.2 1.9 9.0 .3.6 -1.9 0.3 11.3 Official creditors 0.0 2.5 3.0 2.2 2.0 4.2 -3.3 -1.8 2.4 11.9 Multilateral 0.0 2.5 2.9 -0.9 -1.5 1.9 -2.4 -3.9 3.7 6.4 Concessional 0.0 1.6 2.2 -1.2 -0.9 2.8 -1.7 -2.5 4.7 2.1 Bilateral 0.0 0.1 0.1 3.1 3.5 2.3 -0.9 2.1 -1.3 5.5 Concessional 0.0 0.0 0.4 3.3 3.7 1.4 -0.4 2.6 -1.0 5.8 Private creditors 0.1 0.1 0.0 0.0 0.0 4.7 -0.2 -0. 1 -2.1 -0.6 Bonds 0.1 -0.1I 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 0.0 0.0 0.0 4.7 -0.2 -0. 1 -2.1 -0.6 Other private 0.0 0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Comimercial banks 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 0.0 0.0 0.1 0.3 -0. 1 -0.1I -0. 1 -0. 1 -0.1I IDA 0.0 0.0 0.8 0.0 -0. 1 -0. 1 -0. 1 -0. 1 -0. 1 0.0 DEBT SERVICE (LTDS) 0.0 0.4 3.9 5.6 7.4 7.0 6.7 8.0 9.5 9.5 Public and publicly guaranteed 0.0 0.4 3.9 5.6 7.4 7.0 6.7 8.0 9.5 9.5 Official creditors 0.0 0.4 3.9 5.6 7.4 7.0 6.4 7.8 7.4 8.9 Multilateral 0.0 0.4 3.4 4.6 6.4 4.9 4.6 5.7 4.9 6.0 Concessional 0.0 0.3 2.6 3.3 5.1 3.4 2.9 3.8 3.3 4.4 Bilateral 0.0 0.0 0.5 1.0 1.0 2.0 1.8 2.1 2.5 2.9 Concessional 0.0 0.0 0.2 0.8 0.8 1.5 1.3 1.6 2.1 2.6 Private creditors 0.0 0.1 0.0 0.0 0.0 0.0 0.3 0.1 2.1 0.6 Bonds 0.0 0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Comimercial banks 0.0 0.0 0.0 0.0 0.0 0.0 0.3 0.1 2.1 0.6 Other private 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 0.0 0.0 0.0 0.0 0.1 0.2 0.2 0.1 0.1 IDA 0.0 0.0 0.0 0.1 0.1 0.1 0.1 0.1 0.1 0.1 UNDISBURSED DEBT 0.0 11.0 24.8 30.9 38.2 30.5 39.9 53.3 44.7 30.7 Official creditors 0.0 9.8 24.8 30.9 35.8 30.5 39.9 53.3 44.7 30.7 Private creditors 0.0 1.2 0.0 0.0 2.4 0.1 0.0 0.0 0.0 0.0 Memorandum items Concessional LDOD 0.0 6.1 48.3 58.2 62.2 69.2 68.9 70.2 74.4 85.6 Variable rate LDOD 0.0 0.0 0.0 0.9 1.3 1.4 1.2 1.0 7.2 10.3 Public sector LDOD 0.7 10.3 57.0 70.3 73.4 86.8 86.8 86.2 85.6 101.4 Private sector LDOD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 6. CURRENCY COrMPIOSITION OF LONG-TERMI DEBT iPERCENT) Deutsche mark 0.0 0.0 0.7 0.7 0.7 0.6 0.6 0.6 0.5 0.4 French franc 0.0 0.0 0.2 0.6 3.1 3.8 4.3 4.4 3.9 3.3 Japanese yen 0.0 0.0 0.2 0.1 0.1 0.1 0.1 0.1 0.0 0.0 Pound sterling 0.0 36.8 4.7 9.0 7.5 5.9 5.6 5.5 4.7 5.6 Swiss franc 0.0 0.0 0.2 1.7 1.5 1.4 1.5 1.2 1.1 0.8 U.S.dollars 0.0 21.3 66.1 64.6 66.5 68.2 68.3 67.6 72.3 69.0 Multiple currency 0.0 11.6 10.2 6.8 6.1 5.5 4.8 3.9 3.3 2.1 Special drawing rights 0.0 0.0 3.7 2.7 2.9 3.0 3.3 3.2 3.2 2.9 All other currencies 0.0 30.3 14.0 13.8 11.6 11.5 11.5 13.5 11.0 15.9 517 ST. VINCENT AND THE GRENADINES (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 7. DEBT RESTRLiC ILI RINGS Total amount rescheduled ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Debt stock rescheduled ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal rescheduled ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Official ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Interest rescheduled ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Official ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Debt forgiven ... 0.8 0.0 0.0 0.0 0.0 0.3 1.4 0.0 Memo: interest forgiven ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Debt stock reduction ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 of which debt buyback ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 8. DEBT STOCK-FLOW RECONCFLIATION Total change in debt stocks ... 8.1 7.0 25.3 43.7 65.3 6.4 45.3 162.1 Net flows on debt 0.2 3.4 5.1 3.8 26.2 41.6 64.2 7.3 49.5 160.9 Net change in interest arrears ... 0.0 -0. 1 0.0 0.0 0.0 0.4 -0.3 -0.2 Interest capitalized ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Debt forgiveness or reduction ... -0.8 0.0 0.0 0.0 0.0 -0.3 -1.4 0.0 Cross-currency valuation ... 1.6 -2.3 -0.9 1.9 1.3 -0.6 -1.6 1.1 Residual ... 2.2 5.7 0.0 0.2 -0.3 -0.5 -1.0 0.3 9. AVERAGE T'ERMS OF NEW COMIMITMENTS ALL CREDITORS Interest (%) 7.5 5.3 4.0 2.5 4.3 1.4 3.5 4.4 4.3 3.3 Maturity (years) 13.5 15.4 21.0 18.0 19.5 16.0 19.9 24.1 15.6 22.9 Grace period (years) 13.5 5.1 4.8 7.3 5.6 3.3 4.1 6.1 3.5 6.3 Grant element (%) 18.1 29.0 39.7 51.0 39.8 45.6 41.0 39.9 32.2 48.3 Official creditors Interest (%) 0.0 4.0 4.0 2.5 3.4 2.0 3.5 4.4 4.3 3.3 Maturity (years) 0.0 20.1 21.0 18.0 21.3 20.0 19.9 24.1 15.6 22.9 Grace period (years) 0.0 7.6 4.8 7.3 6.1 4.0 4.1 6.1 3.5 6.3 Grant element (%) 0.0 41.7 39.7 51.0 46.4 51.6 41.0 39.9 32.2 48.3 Private creditors Interest (%) 7.5 7.5 0.0 0.0 9.7 0.0 0.0 0.0 0.0 0.0 Maturity (years) 13.5 7.3 0.0 0.0 8.5 6.2 0.0 0.0 0.0 0.0 Grace period (years) 13.5 0.8 0.0 0.0 3.0 1.7 0.0 0.0 0.0 0.0 Grant element (%) 18.1 7.2 0.0 0.0 0.0 30.5 0.0 0.0 0.0 0.0 Memorandum items Commitmnents 0.2 3.6 2.5 7.3 16.9 8.3 12.6 19.7 2.4 9.6 Official creditors 0.0 2.3 2.5 7.3 14.5 5.9 12.6 19.7 2.4 9.6 Private creditors 0.2 1.3 0.0 0.0 2.4 2.4 0.0 0.0 0.0 0.0 10. CON'TRACTUAL OBLIGATIONS ON OUTSTANDING LONG-TERMN DEBT 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 TOTAL Disbursements 8.9 8.3 5.4 3.4 2.1 1.3 0.7 0.3 0.2 0.1 Principal 7.0 7.3 6.9 7.7 8.2 8.3 8.1 7.3 6.9 6.9 Interest 3.3 3.3 3.2 3.1 2.9 2.6 2.4 2.2 1.9 1.7 Official creditors Disbursements 8.9 8.3 5.4 3.4 2.1 1.3 0.7 0.3 0.2 0.1 Principal 6.6 6.9 6.5 7.5 8.2 8.3 8.1 7.3 6.9 6.9 Interest 3.1 3.2 3.1 3.0 2.9 2.6 2.4 2.2 1.9 1.7 Bilateral creditors Disbursements 2.9 2.6 1.6 0.9 0.6 0.3 0.1 0.0 0.0 0.0 Principal 2.2 2.5 2.6 2.8 2.8 2.8 2.8 2.9 2.8 2.8 Interest 0.9 0.9 0.9 0.8 0.8 0.7 0.6 0.6 0.5 0.4 Multilateral creditors Disbursements 6.0 5.7 3.8 2.4 1.5 1.0 0.6 0.3 0.2 0.1 Principal 4.3 4.4 4.0 4.6 5.3 5.5 5.3 4.4 4.1 4.1 Interest 2.2 2.3 2.3 2.2 2.1 1.9 1.8 1.6 1.4 1.3 Private creditors Disbursements 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal 0.4 0.4 0.4 0.2 0.0 0.0 0.0 0.0 0.0 0.0 Interest 0.1 0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks Disbursements 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal 0.4 0.4 0.4 0.2 0.0 0.0 0.0 0.0 0.0 0.0 Interest 0.1 0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Other private Disbursements 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Interest 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 518 SUDAN (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 1. Si NI NI ARY DEBT DATA TOTAL DEBT STOCKS (EDT) 5,177 14,762 15,450 15,837 16,918 17,603 16,972 16,326 16,843 Long-term debt (LDOD) 298 4,147 9,651 9,480 9,490 9,896 10,275 9,865 9,494 9,722 Public and publicly guaranteed 298 3,822 9,155 8,984 8,994 9,400 9,779 9,369 8,998 9,226 Private nonguaranteed 0 325 496 496 496 496 496 496 496 496 Use of IMF credit 31 431 956 924 923 980 960 893 797 772 Short-term debt 599 4,155 5,047 5,424 6,042 6,368 6,214 6,035 6,349 of which interest arrears on LDOD 63 3,705 4,419 4,796 5,414 5,737 5,683 5,624 5,893 Official creditors 33 3,244 3,813 4,100 4,550 4,748 4,767 4,721 4,922 Private creditors 30 461 606 697 863 989 916 903 971 Memo: principal arrears on LDOD 551 5,704 6,417 6,599 7,155 7,637 7,467 7,321 7,608 Official creditors 108 3,893 4,445 4,650 5,024 5,282 5,377 5,348 5,553 Private creditors 444 1,811 1,972 1,949 2,131 2,355 2,090 1,973 2,055 Memo: export credits 0 2,972 2,712 2,762 2,747 2,528 2,556 2,614 2,969 TOTAL DEBT FLOWS Disbursements 53 921 185 108 101 12 51 17 5 0 Long-term debt 53 711 185 108 101 1 2 51 17 5 0 IMiFpurchases 0 210 0 0 0 0 0 0 0 0 Principal repayments 30 131 16 14 9 3 54 36 42 58 Long-termndebt 22 53 1 5 14 9 3 15 0 0 1 IMErepurchases 8 78 1 0 0 0 39 36 42 57 Net flows on debt 83 839 169 272 91 9 0 -119 -157 -13 of which short-term debt 50 0 178 0 0 3 -100 -120 45 Interest payments (INT) 133 34 13 1 1 1 15 12 15 3 Long-term debt 12 49 9 1 1 8 0 2 0 0 2 INM charges 0 1 4 0 2 3 0 1 3 1 2 1 5 1 Short-term debt 70 25 0 0 0 0 0 0 0 Net transfers on debt .. 707 135 259 80 9 -15 -131 -172 -16 Total debt service paid (TDS) .. 264 50 27 20 3 69 48 58 61 Long-term debt 34 102 23 25 1 7 3 1 7 0 0 3 vMF repurchases and charges 8 92 1 2 3 0 52 48 57 58 Short-term debt (interest only) 70 25 0 0 0 0 0 0 0 2..AGGREGATE N ET RESOUIRCE FLOWVS AND NET TRANSFERS ~LONG-TE RNI NET RESOURCE FLOWS 33 1,046 603 409 344 372 184 160 220 558 Net flow of long-term debt (ex. IMF 3 1 658 171 94 91 9 36 17 5 -1 Foreign direct investmnent (net) 0 0 0 0 0 0 0 0 98 371 Porffolio equity flows 0 0 0 0 0 0 0 0 0 0 Grants (excluding technical coop.) 3 388 433 315 252 363 148 143 118 188 Memo: technical coop. grants 7 103 189 116 110 84 75 65 33 26 official net resource flows 36 908 603 409 344 372 184 160 122 187 private net resource flows -3 138 0 0 0 0 0 0 98 371 NET TRANSFERS 17 997 595 398 336 372 182 160 220 556 Interest on long-term debt 12 49 9 1 1 8 0 2 0 0 2 Profit remiittances on FDI 4 0 0 0 0 0 0 0 0 0 Memo: official net transfers 26 865 595 398 336 372 182 160 122 185 private net transfers -9 133 0 0 0 0 0 0 98 371 3. MAJOR ECONOMTIC AGGREGATES Gross national product (GNP) 2,092 7,467 12,635 5,551 7,020 7,259 6,281 6,255 8,974 9,220 Exports of goods & services (XGS) 339 1,051 665 424 538 558 690 677 642 625 of which workers remiittances .. 257 134...... Imports of goods & services (MGS) 380 1,856 2,237 2,093 2,122 2,140 2,272 2,586 2,732 3,128 International reserves (RES) 22 49 11 28 37 78 163 107 82 91 Current account balance -41 -721 -1,299 -1,354 -1,426 -1,459 -1,479 -1,548 -1,639 -1,996 4. DEBT INDICATORS EDT /XGS (%) .. 492.6 2,219.9 3,645.2 2,942.5 3,033.5 2,551.6 2,506.6 2,544.6 2,694.5 EDT /GNP (%) .. 69.3 116.8 278.3 225.6 233.1 280.3 271.3 181.9 182.7 TDS / XGS (% . 25.1 7.5 6.3 3.8 0.6 10.0 7.1 9.0 9.8 IINT /XGS (% . 12.6 5.1 3.0 2.0 0.1 2.2 1.8 2.4 0.4 IINT /GNP(% . 1.8 0.3 0.2 0.2 0.0 0.2 0.2 0.2 0.0 RES / EDT (% . 0.9 0.1 0.2 0.2 0.5 0.9 0.6 0.5 0.5 RES / MGS (months) 0.7 0.3 0.1 0.2 0.2 0.4 0.9 0.5 0.4 0.4 Short-term /EDT (%) .. 11.6 28.2 32.7 34.3 35.7 36.2 36.6 37.0 37.7 Concessional / EDT (% . 33.4 30.2 29.8 29.5 28.2 27.5 28.0 28.4 27.9 Multilateral /EDT (%) .. 12.2 11.7 12.2 12.4 12.2 12.1 12.3 12.3 12.2 519 SUDAN (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 5. LONG-TERMI DEBT DEBT OUTSTANDING (LDOD) 298 4,147 9,651 9,480 9,490 9,896 10,275 9,865 9,494 9,722 Public and publicly guaranteed 298 3,822 9,155 8,984 8,994 9,400 9,779 9,369 8,998 9,226 Official creditors 260 3,293 7,500 7,508 7,541 7,765 7,921 7,776 7,521 7,667 Multilateral 104 634 1,723 1,889 1,959 2,064 2,133 2,084 2,001 2,051 Concessional 12 368 1,549 1,719 1,788 1,880 1,928 1,871 1,798 1,839 Bilateral 157 2,659 5,777 5,618 5,582 5,701 5,787 5,692 5,521 5,615 Concessional 127 1,361 2,903 2,878 2,883 2,895 2,910 2,879 2,838 2,865 Private creditors 3 8 529 1,655 1,476 1,453 1,635 1,859 1,594 1,477 1,559 Bonds 1 0 0 0 0 0 0 0 0 0 Commercial banks 27 298 1,651 1,472 1,449 1,631 1,855 1,590 1,473 1,555 Other private 9 231 4 4 4 4 4 4 4 4 Private nonguaranteed 0 325 496 496 496 496 496 496 496 496 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 325 496 496 496 496 496 496 496 496 Memo: IBRD 9 1 46 19 9 6 6 6 6 6 6 IDA 12 190 1,028 1,133 1,205 1,251 1,272 1,244 1,198 1,226 DISBURSEMENTS 53 711 185 108 101 12 51 17 5 0 Public and publicly guaranteed 53 711 185 108 101 12 51 17 5 0 Official creditors 50 566 185 108 101 12 5 1 17 5 0 Multilateral 15 189 185 108 101 12 5 1 17 5 0 Concessional 0 80 180 93 95 10 27 2 0 0 Bilateral 35 377 0 0 0 0 0 0 0 0 Concessional 15 190 0 0 0 0 0 0 0 0 Private creditors 2 145 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Comimercial banks 0 108 0 0 0 0 0 0 0 0 Other private 2 37 0 0 0 0 0 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 0 0 Memo: IBRD 1 5 1 0 0 0 0 0 0 0 0 IDA 0 37 121 6 1 74 8 0 0 0 0 PRINCIPAL REPAYMENTS 22 53 15 14 9 3 15 0 0 1 Public and publicly guaranteed 22 53 15 14 9 3 15 0 0 1 Official creditors 17 46 1 5 14 9 3 15 0 0 1 Multilateral 4 1 5 1 5 14 9 3 15 0 0 1 Concessional 0 3 4 8 5 3 9 0 0 0 Bilateral 13 32 0 0 0 0 0 0 0 0 Concessional 5 1 1 0 0 0 0 0 0 0 0 Private creditors 5 7 0 0 0 0 0 0 0 0 Bonds 1 0 0 0 0 0 0 0 0 0 Commercial banks 3 4 0 0 0 0 0 0 0 0 Other private 1 3 0 0 0 0 0 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commnercial banks 0 0 0 0 0 0 0 0 0 0 Memo: IBRD 4 4 10 5 3 0 0 0 0 0 IDA 0 0 4 6 4 0 0 0 0 0 NET FLOWS ON DEBT 31 658 171 94 91 9 36 17 5 -1 Public and publicly guaranteed 31 658 171 94 91 9 36 17 5 -1 Official creditors 33 520 171 94 9 1 9 36 1 7 5 -1 Multilateral 1 1 174 171 94 9 1 9 36 1 7 5 -1 Concessional 0 77 176 85 90 7 1 8 2 0 0 Bilateral 23 346 0 0 0 0 0 0 0 0 Concessional 1 0 179 0 0 0 0 0 0 0 0 Private creditors -3 138 0 0 0 0 0 0 0 0 Bonds -1 0 0 0 0 0 0 0 0 0 Commnercial banks -3 104 0 0 0 0 0 0 0 0 Other private 1 33 0 0 0 0 0 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 0 0 Memo: IBRD 1 1 -3 -10 -5 -3 0 0 0 0 0 IDA 0 37 117 55 70 8 0 0 0 0 520 SUDAN (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 INTEREST PAYMENTS (LINT) 12 49 9 11 8 0 2 0 0 2 Public and publicly guaranteed 12 49 9 11 8 0 2 0 0 2 Official creditors 10 44 9 11 8 0 2 0 0 2 Multilateral 5 8 9 11 8 0 2 0 0 2 Concessional 0 2 7 10 6 0 1 0 0 0 Bilateral 5 35 0 0 0 0 0 0 0 0 Concessional 3 26 0 0 0 0 0 0 0 0 Private creditors 2 5 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Cotmmercial banks 2 2 0 0 0 0 0 0 0 0 Other private 0 3 0 0 0 0 0 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commnercial banks 0 0 0 0 0 0 0 0 0 0 Memo: IBRD 5 4 2 1 0 0 0 0 0 0 IDA 0 1 6 8 6 0 0 0 0 0 NET TRANSFERS ON DEBT 18 609 162 83 84 9 34 17 4 -3 Public and publicly guaranteed 18 609 162 83 84 9 34 17 4 -3 Official creditors 23 476 162 83 84 9 34 17 4 -3 Multilateral 6 166 162 83 84 9 34 17 4 -3 Concessional 0 75 169 76 84 7 17 2 0 0 Bilateral 18 310 0 0 0 0 0 0 0 0 Concessional 6 153 0 0 0 0 0 0 0 0 Private creditors -5 133 0 0 0 0 0 0 0 0 Bonds -1 0 0 0 0 0 0 0 0 0 Commercial banks -5 102 0 0 0 0 0 0 0 0 Other private 1 31 0 0 0 0 0 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 0 0 Memo: IBRD 6 -7 -11 -6 -4 0 0 0 0 0 IDA 0 35 110 47 64 8 0 0 0 0 DEBT SERVICE (LTDS) 34 102 23 25 17 3 17 0 0 3 Public and publicly guaranteed 34 102 23 25 17 3 17 0 0 3 Official creditors 27 90 23 25 17 3 17 0 0 3 Multilateral 9 23 23 25 17 3 17 0 0 3 Concessional 0 5 10 18 11 3 10 0 0 0 Bilateral 18 67 0 0 0 0 0 0 0 0 Concessional 9 37 0 0 0 0 0 0 0 0 Private creditors 7 12 0 0 0 0 0 0 0 0 Bonds 1 0 0 0 0 0 0 0 0 0 Commercial banks 5 6 0 0 0 0 0 0 0 0 Other private 1 6 0 0 0 0 0 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Conmmercial banks 0 0 0 0 0 0 0 0 0 0 Memo: IBRD 9 8 11 6 4 0 0 0 0 0 IDA 0 1 10 14 10 0 0 0 0 0 UNDISBURSED DEBT 126 1,310 1,284 908 801 678 634 583 562 540 Official creditors 122 1,167 1,284 908 801 678 634 583 562 540 Private creditors 5 143 0 0 0 0 0 0 0 0 Memorandumn itemis Concessional LDOD 139 1,730 4,452 4,597 4,671 4,775 4,838 4,750 4,636 4,704 Variable rate LDOD 0 408 1,927 1,772 1,752 1,909 2,103 1,874 1,772 1,844 Public sector LDOD 298 3,820 9,155 8,984 8,994 9,400 9,779 9,369 8,998 9,226 Private sector LDOD 0 327 496 496 496 496 496 496 496 496 6. CURREN-CY COMIPOSITION O-F LONG-TERM% DEBT (PERCENT) Deutsche mark 6.9 0.5 1.0 0.9 0.9 0.9 1.0 0.9 0.8 0.9 French franc 0.0 2.3 3.4 3.2 3.0 3.2 3.3 3.2 3.0 3.1 Japanese yen 0.0 2.0 2.3 2.6 2.9 3.1 2.9 2.7 2.5 2.7 Pound sterling 15.4 7.0 4.3 3.6 3.5 3.5 3.4 3.7 3.8 3.7 Swiss franc 0.0 0.6 18.6 16.9 16.6 17.9 19.6 17.5 16.9 17.4 U.S.dollars 12.4 54.4 48.1 50.2 50.9 49.3 47.6 49.3 50.8 49.9 Multiple currency 30.6 2.0 1.2 1.4 1.4 1.4 1.5 1.6 1.6 1.6 Special drawing rights 0.0 0.0 0.5 0.5 0.5 0.5 0.5 0.5 0.5 0.5 All other currencies 34.7 31.2 20.6 20.7 20.3 20.2 20.2 20.6 20.1 20.2 521 SUDAN (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 7. DEBT RESTRLUCTURINGS Total amount rescheduled ..0 0 0 0 0 0 0 0 Debt stock rescheduled 0 0 0 0 0 0 0 0 Principal rescheduled 0 0 0 0 0 0 0 0 Official 0 0 0 0 0 0 0 0 Private 0 0 0 0 0 0 0 0 Interest rescheduled 0 0 0 0 0 0 0 0 Official 0 0 0 0 0 0 0 0 Private 0 0 0 0 0 0 0 0 Debt forgiven 0 0 0 0 0 0 0 0 Memo: interest forgiven 0 0 0 0 0 0 0 0 Debt stock reduction 0 0 0 0 0 0 0 0 of which debt buyback 0 0 0 0 0 0 0 0 8. DEBr' STOCK-FLOW RECONCILIATION Total change in debt stocks 1,403 224 386 1,082 685 -631 -646 517 Net flows on debt 83 839 169 272 91 9 0 -119 -157 -13 Net change in interest arrears 645 319 377 618 324 -54 -59 269 Interest capitalized ...0 0 0 0 0 0 0 0 Debt forgiveness or reduction ...0 0 0 0 0 0 0 0 Cross-currency valuation ... 566 -290 -55 377 361 -316 -291 210 Residual ... 23 -78 -27 78 1 -143 -139 52 9. AVER.AGE TERAMS OF NEW CONU1IT'NIENTS ALL CREDITORS Interest (%) 1.8 5.7 0.7 8.0 0.0 0.0 0.0 0.0 0.0 0.0 Maturity (years) 17.1 17.9 49.9 19.9 0.0 0.0 0.0 0.0 0.0 0.0 Grace period (years) 8.7 4.6 10.4 5.4 0.0 0.0 0.0 0.0 0.0 0.0 Grant element (%) 54.5 30.1 83.3 11.8 0.0 0.0 0.0 0.0 0.0 0.0 Official creditors Interest (%) 1.5 3.7 0.7 8.0 0.0 0.0 0.0 0.0 0.0 0.0 Maturity (years) 17.7 22.7 49.9 19.9 0.0 0.0 0.0 0.0 0.0 0.0 Grace period (years) 9.1 5.9 10.4 5.4 0.0 0.0 0.0 0.0 0.0 0.0 Grant element (%) 57.1 40.7 83.3 11.8 0.0 0.0 0.0 0.0 0.0 0.0 Private creditors Interest (%) 5.6 12.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Maturity (years) 9.2 2.9 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Grace period (years) 3.6 0.4 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Grant element (%) 17.5 -3.4 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memorandum items Commitments 98 905 35 39 0 0 0 0 0 0 Official creditors 91 687 35 39 0 0 0 0 0 0 Private creditors 7 218 0 0 0 0 0 0 0 0 10. CONTRACTUAL OBLIGATIONS ON OLITSTAN-DING LONG-TERNI DEBT 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 TOTAL Disbursements 13 9 5 1 0 0 0 0 0 0 Principal 221 151 100 96 96 94 89 86 80 79 Interest 69 58 52 49 46 44 41 38 36 34 Official creditors Disbursements 13 9 5 1 0 0 0 0 0 0 Principal 220 151 100 96 96 94 89 86 80 79 Interest 69 58 52 49 46 44 41 38 36 34 Bilateral creditors Disbursements 0 0 0 0 0 0 0 0 0 0 Principal 170 98 44 44 43 42 39 36 32 28 Interest 50 41 36 35 33 31 29 27 25 24 Multilateral creditors Disbursements 13 9 5 1 0 0 0 0 0 0 Principal 5 1 53 56 53 53 51 50 50 48 5 1 Interest 18 17 16 15 14 13 12 1 1 1 1 10 Private creditors Disbursements 0 0 0 0 0 0 0 0 0 0 Principal 0 0 0 0 0 0 0 0 0 0 Interest 0 0 0 0 0 0 0 0 0 0 Commrercial banks Disbursements 0 0 0 0 0 0 0 0 0 0 Principal 0 0 0 0 0 0 0 0 0 0 Interest 0 0 0 0 0 0 0 0 0 0 Other private Disbursements 0 0 0 0 0 0 0 0 0 0 Principal 0 0 0 0 0 0 0 0 0 0 Interest 0 0 0 0 0 0 0 0 0 0 522 SWAZILAND (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 1. SUMTMARY DEBT DATrA TOTAL DEBT STOCKS (EDT) .. 209.5 253.8 222.1 207.6 219.6 234.9 221.7 368.2 250.7 Long-term debt (LDOD) 37.0 188.8 249.2 215.7 200.0 210.2 223.0 219.6 210.1 222.5 Public and publicly guaranteed 37.0 188.8 249.2 215.7 200.0 210.2 223.0 219.6 210.1 222.5 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Use of IMF credit 0.0 5.7 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Short-term debt .. 15.0 4.6 6.4 7.6 9.4 11.9 2.1 158.1 28.2 of which interest arrears on LDOD .. 0.0 0.1 1.6 2.0 3.0 1.3 0.2 0.1 0.1 Official creditors .. 0.0 0.1 1.6 2.0 3.0 1.3 0.2 0.1 0.1 Private creditors .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: principal arrears on LDOD .. 0.0 0.2 3.9 3.9 4.1 4.5 1.2 1.1 1.2 Official creditors .. 0.0 0.2 3.6 3.0 3.5 4.2 1.2 1.1 1.2 Private creditors .. 0.0 0.0 0.3 0.9 0.5 0.3 0.0 0.0 0.0 Memo: export credits .. 0.0 28.0 20.0 18.0 18.0 14.0 19.0 22.0 22.0 TOTAL DEBT FLOWS Disbursements 4.6 31.2 15.0 7.1 8.0 16.2 19.2 29.0 24.6 17.8 Long-term debt 3.5 28.5 15.0 7.1 8.0 16.2 19.2 29.0 24.6 17.8 lIMF purchases 1.1 2.7 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal repayments 2.5 7.5 36.2 17.0 17.0 19.9 16.1 21.0 16.3 14.4 Long-termn debt 1.5 7.5 35.8 17.0 17.0 19.9 16.1 21.0 16.3 14.4 IMFrepurchases 1.0 0.0 0.3 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Net flows on debt 2.1 30.6 -37.9 -9.0 -8.2 -2.9 7.4 -0.9 164.4 -126.5 of which short-term debt .. 7.0 -16.7 0.8 0.8 0.8 4.3 -8.8 156.1 -129.9 Interest payments (INT) .. 10.6 10.7 7.9 6.8 6.2 5.5 12.0 15.1 9.1 Long-termn debt 1.9 9.0 10.3 7.6 6.6 6.0 5.1 11.7 7.3 7.5 RMF charges 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Short-term debt .. 1.6 0.4 0.3 0.3 0.2 0.4 0.3 7.8 1.6 Net transfers on debt -. 20.0 .48.6 -16.9 -15.1 -9.1 1.9 .12.9 149.2 -135.6 Total debt service paid (TDS) -- 18.1 46.9 24.8 23.9 26.1 21.6 33.1 31.5 23.4 Long-termndebt 3.4 16.5 46.1 24.6 23.6 25.9 21.2 32.8 23.7 21.9 IMF repurchases and charges 1.0 0.0 0.3 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Short-term debt (interest only) .. 1.6 0.4 0.3 0.3 0.2 0.4 0.3 7.8 1.6 2. AGGREGATE NET RESOUJRCE FLOWS AND NET TRANSFERS iLONG-TERMii NET RESOURCE FLOWS 5.5 59.3 29.3 98.9 79.7 70.4 45.4 39.7 99.8 98.9 Net flow of long-termndebt (ex. IMF) 2.0 21.0 -20.8 -9.8 -9.0 -3.7 3.1 7.9 8.3 3.4 Foreign direct investment (net) 0.0 26.5 30.0 83.0 70.0 56.0 26.0 13.0 75.0 80.0 Portfolio equity flows 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Grants (excluding technical coop.) 3.5 11.8 20.1 25.8 18.7 18.0 16.3 18.8 16.5 15.5 Memo: technical coop. grants 2.0 22.7 28.5 29.5 30.5 23.5 28.0 23.2 13.9 18.7 official net resource flows 6.5 35.4 1.2 17.5 11.2 15.9 19.7 27.0 24.8 18.9 private net resource flows -1.0 23.9 28.1 81.4 68.5 54.5 25.7 12.7 75.0 80.0 NET TRANSFERS 3.6 23.0 -89.1 -3.1 -22.9 .35.6 -62.7 -71.0 -7.5 1.4 Interest on long-term debt 1.9 9.0 10.3 7.6 6.6 6.0 5.1 11.7 7.3 7.5 Profit remiittances on FDI 0.0 27.2 108.1 94.3 96.0 100.0 103.0 99.0 100.0 90.0 Memo: official net transfers 5.7 28.3 -8.3 10.3 5.0 10.1 14.7 15.3 17.5 11.4 private net transfers -2.1 -5.3 -80.8 -13.4 -27.9 -45.7 -77.4 -86.3 -25.0 -10.0 3. NtAJOR E-CONOrt!IC AGGREGATES Gross national product (GNP) 98.7 587.6 918.8 1,062.0 1,034.9 1,045.3 1,348.4 1,334.1 1,447.4 1,342.0 Exports of goods &services (XGS) .. 450.7 819.6 933.7 932.7 1,042.2 1,182.2 1,151.0 1,172.6 1,095.3 of which workers remittances .. 0.0... .. . Imports of goods &services (MGS) .. 659.2 836.6 1,101.6 1,152.2 1,188.2 1,300.1 1,355.6 1,330.4 1,219.3 Intemnational reserves (RES) .. 158.7 216.5 309.1 264.3 297.0 298.2 254.0 294.8 358.6 Current aecount balance .. -129.7 84.6 -40.7 -63.7 10.7 20.9 -45.9 -47.8 -7.1 4. DEBT INDICATORS EDT /XGS (%) .. 46.5 31.0 23.8 22.3 21.1 19.9 19.3 31.4 22.9 EDT /GNP(% . 35.7 27.6 20.9 20.1 21.0 17.4 16.6 25.4 18.7 TDS /XGS(% . 4.0 5.7 2.7 2.6 2.5 1.8 2.9 2.7 2.1 lINT I XGS (%) .. 2.4 1.3 0.9 0.7 0.6 0.5 1.0 1.3 0.8 INT /GNP (%) .. 1.8 1.2 0.7 0.7 0.6 0.4 0.9 1.0 0.7 RES /EDT(% . 75.8 85.3 139.2 127.3 135.2 127.0 114.6 80.1 143.0 RES / MGS (monthis) .. 2.9 3.1 3.4 2.8 3.0 2.8 2.3 2.7 3.5 Short-term /EDT (%) .. 7.2 1.8 2.9 3.7 4.3 5.1 1.0 42.9 11.3 Concessional /EDT (%) .. 41.0 62.9 65.7 65.1 69.7 71.0 69.5 38.2 57.1 Multilateral /EDT (%) .. 29.5 47.1 50.3 52.4 53.6 51.8 58.4 36.2 59.0 523 SWAZILAND (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 5. LONG-TERM% DEBT' DEBT OUTSTANDING (LDOD) 37.0 188.8 249.2 215.7 200.0 210.2 223.0 219.6 210.1 222.5 Public and publicly guaranteed 37.0 188.8 249.2 215.7 200.0 210.2 223.0 219.6 210.1 222.5 Official creditors 20.9 164.6 242.4 212.1 198.0 209.6 222.7 219.6 210.1 222.5 Multilateral 8.9 61.8 119.5 111.8 108.8 117.6 121.6 129.5 133.3 148.0 Concessional 2.8 16.7 46.0 50.4 49.1 63.4 66.9 64.9 64.5 69.1 Bilateral 12.0 102.8 123.0 100.3 89.3 92.0 101.1 90.1 76.7 74.5 Concessional 9.4 69.1 113.7 95.5 86.0 89.7 99.8 89.1 76.0 74.1 Private creditors 16.1 24.2 6.8 3.6 2.0 0.5 0.3 0.0 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 14.8 23.8 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Other private 1.3 0.4 6.8 3.6 2.0 0.5 0.3 0.0 0.0 0.0 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 6.1 17.7 36.9 27.6 23.5 20.9 19.2 14.5 9.9 9.9 IDA 2.8 7.5 6.8 6.5 6.3 6.2 5.9 5.7 5.4 5.2 DISBURSEMENTS 3.5 28.5 15.0 7.1 8.0 16.2 19.2 29.0 24.6 17.8 Public and publicly guaranteed 3.5 28.5 15.0 7.1 8.0 16.2 19.2 29.0 24.6 17.8 Official creditors 3.5 28.5 15.0 7.1 8.0 16.2 19.2 29.0 24.6 17.8 Multilateral 0.4 15.4 9.1 7.0 7.2 13.1 7.9 26.3 22.9 16.8 Concessional 0.0 0.3 3.6 5.8 0.7 12.5 3.5 3.2 4.5 4.2 Bilateral 3.1 13.1 5.9 0.1 0.8 3.1 11.3 2.7 1.7 0.9 Concessional 3.1 8.2 5.9 0.1 0.8 3.1 11.3 2.7 1.7 0.9 Private creditors 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Comimercial banks 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Other private 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.4 2.1 1.0 0.0 0.0 0.0 0.0 2.7 1.3 2.7 IDA 0.0 0.3 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 PRINCIPAL REPAYMENTS 1.5 7.5 35.8 17.0 17.0 19.9 16.1 21.0 16.3 14.4 Public and publicly guaranteed 1.5 7.5 35.8 17.0 17.0 19.9 16.1 21.0 16.3 14.4 Official creditors 0.5 4.9 33.9 15.4 15.5 18.4 15.8 20.8 16.3 14.4 Multilateral 0.2 1.2 26.8 8.0 8.6 11.8 8.4 12.1 9.6 7.9 Concessional 0.0 0.1 1.1 0.6 1.2 1.3 1.7 2.3 1.7 1.8 Bilateral 0.3 3.7 7.1 7.4 6.9 6.5 7.4 8.7 6.7 6.5 Concessional 0.2 1.2 4.4 5.9 5.7 5.5 6.4 8.3 6.4 6.2 Private creditors 1.0 2.6 1.9 1.6 1.5 1.5 0.3 0.3 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commnercial banks 0.9 2.5 0.2 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Otier private 0.1 0.1 1.7 1.6 1.5 1.5 0.3 0.3 0.0 0.0 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.2 0.7 20.4 4.0 4.1 4.4 3.5 5.8 4.8 2.7 IDA 0.0 0.0 0.2 0.1 0.2 0.2 0.3 0.3 0.3 0.3 NET FLOWS ON DEBT 2.0 21.0 -20.8 -9.8 -9.0 -3.7 3.1 7.9 8.3 3.4 Public and publicly guaranteed 2.0 21.0 -20.8 -9.8 -9.0 .3.7 3.1 7.9 8.3 3.4 Official creditors 3.0 23.6 -18.9 -8.3 -7.5 -2.1 3.4 8.2 8.3 3.4 Multilateral 0.2 14.3 -17.7 -1.0 -1.4 1.3 -0.5 14.2 13.2 9.0 Concessional 0.0 0.2 2.5 5.1 -0.5 11.1 1.8 0.9 2.8 2.4 Bilateral 2.8 9.4 -1.2 -7.2 -6.1 -3.4 3.9 -6.0 -5.0 -5.6 Concessional 2.9 7.0 1.5 -5.8 -4.9 -2.4 4.9 -5.7 -4.6 -5.2 Private creditors -1.0 -2.6 -1.9 -1.6 -1.5 -1.5 -0.3 -0.3 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks -0.9 -2.5 -0.2 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Other private -0. 1 -0. 1 -1.7 -1.6 -1.5 -1.5 -0.3 -0.3 0.0 0.0 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.2 1.3 -19.4 -4.0 -4.1 -44 -3.5 -3.1 -3.4 -0.1 IDA 0.0 0.3 -0.2 -0. 1 -0.2 -0.2 -0.3 -0.3 -0.3 -0.3 524 SWAZILAND (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 INTEREST PAYMENTS (LINT) 1.9 9.0 10.3 7.6 6.6 6.0 5.1 11.7 7.3 7.5 Public and publicly guaranteed 1.9 9.0 10.3 7.6 6.6 6.0 5.1 11.7 7.3 7.5 Official creditors 0.8 7.1 9.5 7.2 6.2 5.8 5.0 11.7 7.3 7.5 Multilateral 0.4 3.1 6.6 4.6 4.3 4.0 3.2 10.0 5.6 6.0 Concessional 0.0 0.1 0.5 0.2 0.4 0.4 0.4 1.3 0.7 0.9 Bilateral 0.4 3.9 2.9 2.5 1.9 1.8 1.8 1.7 1.7 1.5 Concessional 0.2 0.7 1.7 1.8 1.4 1.5 1.6 1.6 1.6 1.4 Private creditors 1.1 2.0 0.8 0.5 0.4 0.2 0.1 0.0 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 1.1 1.9 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Other private 0.1 0.0 0.8 0.5 0.4 0.2 0.1 0.0 0.0 0.0 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IIBRD 0.4 1.8 3.6 2.4 2.1 1.8 1.2 1.6 1.1 0.7 IDA 0.0 0.1 0.1 0.0 0.1 0.0 0.0 0.0 0.0 0.0 NET TRANSFERS ON DEBT 0.1 12.0 -31.1 -17.5 -15.6 -9.7 -2.0 -3.8 0.9 -4.1 Public and publicly guaranteed 0.1 12.0 -31.1 -17.5 -15.6 -9.7 .2.0 -3.8 0.9 -4.1 Official creditors 2.2 16.6 -28.4 -15.4 -13.7 -8.0 -1.6 -3.5 0.9 -4.1 Multilateral -0.2 11.1 -24.2 -5.7 -5.7 -2.7 -3.7 4.3 7.6 3.0 Concessional 0.0 0.1 2.0 4.9 -0.9 10.7 1.4 -0.4 2.1 1.5 Bilateral 2.4 5.4 -4.1 -9.8 -8.0 -5.3 2.1 -7.8 -6.6 -7.1 Concessional 2.7 6.3 -0.2 -7.6 -6.3 -3.9 3.3 -7.3 -6.2 -6.7 Private creditors -2.1 -4.6 -2.7 -2.0 -1.9 -1.7 -0.4 -0.3 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks -2.0 4.4 -0.2 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Other private -0. 1 -0.2 -2.5 -2.0 -1.9 -1.7 -0.4 -0.3 0.0 0.0 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD -0.2 -0.4 -23.0 -6.4 -6.2 -6.3 -4.8 -4.8 4.5 -0.7 IDA 0.0 0.2 -0.2 -0.2 -0.2 -0.2 -0.3 -0.3 -0.3 -0.3 DEBT SERVICE (LTDS) 3.4 16.5 46.1 24.6 23.6 25.9 21.2 32.8 23.7 21.9 Public and publicly guaranteed 3.4 16.5 46.1 24.6 23.6 25.9 21.2 32.8 23.7 21.9 Official creditors 1.3 11.9 43.4 22.6 21.7 24.2 20.8 32.5 23.7 21.9 Multilateral 0.6 4.3 33.4 12.7 12.9 15.8 11.6 22.1 15.3 13.9 Concessional 0.0 0.2 1.6 0.9 1.6 1.7 2.1 3.6 2.4 2.7 Bilateral 0.7 7.6 10.0 9.9 8.8 8.4 9.2 10.4 8.4 8.0 Concessional 0.4 1.8 6.1 7.7 7.1 7.1 8.0 9.9 8.0 7.6 Private creditors 2.1 4.6 2.7 2.0 1.9 1.7 0.4 0.3 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Comimercial banks 2.0 4.4 0.2 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Other private 0.1 0.2 2.5 2.0 1.9 1.7 0.4 0.3 0.0 0.0 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IIBRD 0.5 2.5 24.1 6.4 6.2 6.3 4.8 7.5 5.8 3.4 IDA 0.0 0.1 0.2 0.2 0.2 0.2 0.3 0.3 0.3 0.3 UNDISBURSED DEBT 0.0 64.8 68.6 51.5 111.2 120.9 132.7 134.1 103.1 80.0 Official creditors 0.0 64.8 68.6 51.5 111.2 120.9 132.7 134.1 103.1 80.0 Private creditors 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memorandum items Concessional LDOD 12.2 85.8 159.7 145.9 135.1 153.1 166.7 154.0 140.6 143.3 Variable rate LDOD 0.0 23.8 8.1 6.8 6.2 5.9 5.3 6.7 6.8 8.8 Public sector LDOD 37.0 188.8 249.2 215.7 200.0 210.2 223.0 219.6 210.1 222.5 Private sector LDOD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 6. CURRENCI'COrMPOSITION OF LONG-TERMIDEBT (PERCENT) Deutsche mark 0.0 12.7 16.7 16.1 15.3 16.9 20.7 19.5 17.6 17.4 French franc 0.0 0.0 1.5 1.4 1.4 1.3 1.2 1.0 0.9 0.8 Japanese yen 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Pound sterling 38.1 20.4 10.4 7.8 6.8 5.9 4.9 4.5 3.6 2.5 Swiss franc 0.0 12.6 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 U.S.dollars 7.6 11.4 13.1 13.7 13.4 11.7 10.5 10.0 9.8 12.4 Multiple currency 16.5 17.0 33.7 35.0 37.0 39.1 38.5 42.8 47.9 46.8 Special drawing rights 0.0 0.0 2.2 2.7 2.6 2.8 2.6 2.3 2.8 3.2 AUlother currencies 37.8 25.9 22.4 23.3 23.5 22.3 21.6 19.9 17.4 16.9 525 SWAZILAND (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 7. DEBT RESTRtiCTU RINGS Total amount rescheduled ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Debt stock rescheduled ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal rescheduled ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Official ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Interest rescheduled ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Official ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Debt forgiven ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: interest forgiven ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Debt stock reduction ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 of which debt buyback ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 8. DEBT STOCK-FLO%W RECONCILLATION Total change in debt stocks ... -15.8 -23.2 -14.5 12.0 15.3 -13.2 146.5 -117.4 Net flows on debt 2.1 30.6 -37.9 -9.0 -8.2 -2.9 7.4 -0.9 164.4 -126.5 Net change in interest arrears ... 0.0 0.8 0.4 1.0 -1.8 -1.1 0.0 0.0 Interest capitalized ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Debt forgiveness or reduction ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Cross-currency valuation ... 15.6 -12.6 -7.3 9.8 7.8 -9.1 -12.4 4.7 Residual ... 6.5 -2.3 0.6 4.0 1.8 -2.1 -5.5 4.4 9. AVER.AGE TERNIS OF NEW COMIMITMIENTS ALL CREDITORS Interest (%) 0.0 7.2 0.0 8.0 6.4 0.9 7.1 7.3 0.0 0.0 Maturity (years) 25.5 22.5 0.0 17.7 24.9 45.4 19.5 19.7 0.0 0.0 Grace period (years) 7.7 6.3 0.0 4.2 6.0 10.4 5.0 5.2 0.0 0.0 Grant element (%) 76.8 20.1 0.0 10.9 26.7 80.3 18.1 16.8 0.0 0.0 Official creditors Interest (%) 0.0 7.2 0.0 8.0 6.4 0.9 7.1 7.3 0.0 0.0 Maturity (years) 25.5 22.5 0.0 17.7 24.9 45.4 19.5 19.7 0.0 0.0 Grace period (years) 7.7 6.3 0.0 4.2 6.0 10.4 5.0 5.2 0.0 0.0 Grant element (%) 76.8 20.1 0.0 10.9 26.7 80.3 18.1 16.8 0.0 0.0 Private creditors Interest (%) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Maturity (years) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Grace period (years) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Grant element (%) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memorandum items Commitments 3.1 16.9 0.0 8.5 75.4 18.9 29.0 35.9 0.0 0.0 Official creditors 3.1 16.9 0.0 8.5 75.4 18.9 29.0 35.9 0.0 0.0 Private creditors 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 10. CONTRACTUAL OBLIGATIONS ON OUTSTANDING LONG-TERMI DEBT 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 TOTAL Disbursements 21.1 22.0 17.8 9.7 5.6 3.0 0.7 0.0 0.0 0.0 Principal 16.8 16.5 18.5 17.9 16.5 16.2 16.5 16.5 16.2 15.0 Interest 8.4 9.1 9.4 9.1 8.7 8.2 7.4 6.6 5.8 5.0 Official creditors Disbursements 21.1 22.0 17.8 9.7 5.6 3.0 0.7 0.0 0.0 0.0 Principal 16.8 16.5 18.5 17.9 16.5 16.2 16.5 16.5 16.2 15.0 Interest 8.4 9.1 9.4 9.1 8.7 8.2 7.4 6.6 5.8 5.0 Bilateral creditors Disbursements 0.5 0.2 0.1 0.1 0.0 0.0 0.0 0.0 0.0 0.0 Principal 6.6 6.1 6.0 5.4 4.8 4.7 4.7 4.7 4.6 3.8 Interest 1.4 1.2 1.1 1.0 0.9 0.8 0.8 0.7 0.6 0.5 Multilateral creditors Disbursements 20.6 21.8 17.8 9.7 5.6 3.0 0.7 0.0 0.0 0.0 Principal 10.2 10.3 12.4 12.5 11.6 11.5 11.9 11.9 11.6 11.3 Interest 7.0 7.9 8.3 8.1 7.7 7.3 6.7 5.9 5.2 4.5 Private creditors Disbursements 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Interest 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks Disbursements 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Interest 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Other private Disbursements 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Interest 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 526 SYRIAN ARAB REPUBLIC (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 I. SLMMABN RV DEBT DArIA TOTAL DEBT STOCKS (EDT) 3,552 17,068 19,017 19,976 20,558 21,318 21,420 20,865 22,435 Long-term debt (LDOD) 233 2,921 14,917 15,913 16,235 16,540 16,757 16,698 16,254 16,328 Public and publicly guaranteed 233 2,921 14,917 15,913 16,235 16,540 16,757 16,698 16,254 16,328 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Useof IMF credit 10 0 0 0 0 0 0 0 0 0 Short-term debt 631 2,151 3,104 3,741 4,018 4,562 4,722 4,611 6,107 of which interest arrears on LDOD 0 460 912 1,149 1,400 1,633 1,822 1,976 2,155 Official creditors 0 407 833 1,045 1,281 1,502 1,685 1,838 2,011 Private creditors 0 53 78 104 119 131 137 138 144 Memo: principal arrears on LDOD 0 864 2,588 3,512 4,563 5,654 6,638 7,410 8,238 Official creditors 0 580 2,125 2,887 3,824 4,831 5,727 6,447 7,218 Private creditors 0 284 463 626 739 823 910 963 1,020 Memo: export credits 0 360 391 665 695 675 439 380 397 TOTAL DEBT FLOWS Disbursements 63 1,147 196 193 223 265 242 168 104 64 Long-term debt 60 1,147 196 193 223 265 242 168 104 64 IMF purchases 3 0 0 0 0 0 0 0 0 0 Principal repayments 31 225 1,137 139 102 129 92 77 362 96 Long-term debt 31 225 1,137 139 102 129 92 77 362 96 vIMFrepurchases 0 0 0 0 0 0 0 0 0 0 Net flows on debt 67 1,239 -733 345 522 163 460 63 -523 1,285 of which short-term debt 317 208 291 400 26 311 -29 -265 1,317 tnterest payments (INT) 157 135 166 182 269 201 178 202 243 Long-term debt 6 77 54 68 72 100 62 48 63 78 IMF charges 0 0 0 0 0 0 0 0 0 0 Short-term debt 80 82 98 110 169 139 130 138 165 Net transfers on debt .. 1,082 -869 179 340 -107 259 -115 -725 1,042 Total debt service paid (TDS) .. 382 1,273 305 283 398 293 254 563 339 Long-termn debt 37 302 1,191 207 174 229 155 124 425 174 JMF repurchases and charges 0 0 0 0 0 0 0 0 0 0 Short-term debt (interest only) .. 80 82 98 110 169 139 130 138 165 2. AGc.REGArYE NE Y RESOUiRCE FLOWS AND NETr TRANSFERS (LONG-TERNII NET RESOURCE FLOWS 41 2,573 -250 81 344 506 320 217 -106 143 Net flow of long-term debt (ex. IMF 29 922 -941 54 122 137 149 92 -258 -32 Foreign direct investment (net) 0 0 71 0 176 251 100 89 80 80 Portfolio equity flows 0 0 0 0 0 0 0 0 0 0 Grants (excluding technical coop.) 11 1,651 621 26 46 118 70 36 72 95 Memo: technical coop. grants 8 26 32 69 61 62 82 74 46 49 official net resource flows 11 2,531 -268 133 196 281 242 140 -174 67 private net resource flows 30 42 18 -53 148 225 78 77 69 76 NET TRANSFERS 34 2,496 -303 13 272 406 257 169 -169 65 Interest on long-termn debt 6 77 54 68 72 100 62 48 63 78 Profit renmittances on FDI 0 0 0 0 0 0 0 0 0 0 Memo: official net transfers 9 2,485 -305 73 129 185 182 94 -237 -10 private net transfers 26 11 1 -60 143 221 75 75 67 75 3. NIAJOR ECONONUIC AGGREGATES Gross national product (GNP) 2,138 13,074 11,522 12,899 13,365 15,442 16,831 16,770 15,634 16,271 Exports of goods & services (XGS) .. 3,341 5,460 4,999 5,280 5,830 6,281 6,545 6,082 5,319 of which workers remittances ..0 0 0 0 0 0 0 0 0 Imports of goods &services (MGS) .. 4,610 3,786 5,257 6,018 7,212 6,521 7,088 6,098 5,783 Intemnational reserves (RES) 57 828 . .. .. Current account balance .. 251 1,762 55 -203 -791 367 81 483 59 4. DEBT INDICATORS EDT /XGS (%) .. 106.3 312.6 380.4 378.3 352.6 339.4 327.3 343.1 421.8 EDT /GNP (%) .. 27.2 148.1 147.4 149.5 133.1 126.7 127.7 133.5 137.9 TDS /XGS (%) .. 11.4 23.3 6.1 5.4 6.8 4.7 3.9 9.3 6.4 INT /XGS(% . 4.7 2.5 3.3 3.4 4.6 3.2 2.7 3.3 4.6 INT /GNP(% . 1.2 1.2 1.3 1.4 1.7 1.2 1.1 1.3 1.5 RES / EDT (% . 23.3 . .. .. RES /MGS (months) .. 2.2......... Short-term /EDT (%) .. 17.8 12.6 16.3 18.7 19.5 21.4 22.0 22.1 27.2 Concessional /EDT (%) .. 51.9 76.5 75.1 72.6 72.1 70.6 70.4 71.8 67.2 Multilateral /EDT (%) .. 8.8 5.1 4.4 4.2 4.5 4.8 4.8 3.4 3.2 527 SYRIAN ARAB REPUBLIC (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 5. LONG-TERM DEBT DEBT OUTSTANDING (LDOD) 233 2,921 14,917 15,913 16,235 16,540 16,757 16,698 16,254 16,328 Public and publicly guaranteed 233 2,921 14,917 15,913 16,235 16,540 16,757 16,698 16,254 16,328 Official creditors 59 2,165 13,744 14,875 15,058 15,370 15,601 15,553 15,138 15,208 Multilateral 4 311 877 834 835 918 1,031 1,030 718 710 Concessional 4 89 185 237 275 381 485 552 563 585 Bilateral 55 1,854 12,868 14,041 14,223 14,452 14,570 14,523 14,420 14,499 Concessional 35 1,753 12,868 14,041 14,222 14,450 14,568 14,521 14,419 14,497 Private creditors 174 756 1,173 1,039 1,177 1,170 1,156 1,145 1,116 1,120 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 0 0 Other private 174 756 1,173 1,039 1,177 1,170 1,156 1,145 1,116 1,120 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commnercial banks 0 0 0 0 0 0 0 0 0 0 Memo: IBRD 0 215 479 433 419 405 428 383 85 67 IDA 4 42 44 44 44 44 44 44 34 32 DISBURSEMENTS 60 1,147 196 193 223 265 242 168 104 64 Public and publicly guaranteed 60 1,147 196 193 223 265 242 168 104 64 Official creditors 9 972 159 190 223 265 242 168 104 63 Multilateral 3 64 30 79 47 123 123 90 55 35 Concessional 3 2 8 77 47 122 122 90 54 35 Bilateral 6 907 128 ill 176 142 118 78 49 28 Concessional 5 900 128 ill 174 142 118 78 49 28 Private creditors 5 1 176 37 3 1 0 0 0 0 1 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 0 0 Other private 5 1 176 37 3 1 0 0 0 0 1 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 0 0 Memo: IBRD 0 60 0 0 0 0 0 0 0 0 IDA 3 2 0 0 0 0 0 0 0 0 PRINCIPAL REPAYMENTS 31 225 1,137 139 102 129 92 77 362 96 Public and publicly guaranteed 31 225 1,137 139 102 129 92 77 362 96 Official creditors 10 92 1,048 83 73 103 70 65 350 91 Multilateral 0 4 32 61 52 85 53 40 313 57 Concessional 0 1 12 1 1 14 1 8 20 20 33 20 Bilateral 10 88 1,016 22 21 17 17 25 37 34 Concessional 5 3 1 1,016 20 21 17 17 25 37 34 Private creditors 21 133 90 56 29 26 22 12 1 1 5 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 0 0 Other private 2 1 133 90 56 29 26 22 1 2 1 1 5 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 0 0 Memo: IBRD 0 3 1 29 19 49 13 0 262 22 IDA 0 0 2 0 0 0 0 0 10 2 NET FLOWS ON DEBT 29 922 -941 54 122 137 149 92 -258 -32 Public and publicly guaranteed 29 922 -941 54 122 137 149 92 -258 -32 Official creditors -1 880 -889 107 150 163 172 104 -246 -28 Multilateral 3 60 -2 18 -5 38 7 1 5 1 -259 -22 Concessional 3 2 -4 67 33 104 102 70 22 15 Bilateral -3 820 -887 89 155 125 101 53 12 -6 Concessional 0 869 -887 91 153 125 101 53 12 -6 Private creditors 30 42 -53 -53 -28 -26 -22 -12 -11 -4 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 0 0 Other private 30 42 -53 -53 -28 -26 -22 -12 -11 -4 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Comimercial banks 0 0 0 0 0 0 0 0 0 0 Memo: IBRD 0 57 -1 -29 -19 49 -13 0 -262 -22 IDA 3 2 -2 0 0 0 0 0 -10 -2 528 SYRIAN ARAB REPUBLIC (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 INTEREST PAYMENTS (LINT) 6 77 54 68 72 100 62 48 63 78 Public and publicly guaranteed 6 77 54 68 72 100 62 48 63 78 Official creditors 2 46 36 61 67 96 60 46 62 77 Multilateral 0 20 17 41 36 80 39 29 40 56 Concessional 0 1 6 5 8 14 20 23 27 24 Bilateral 2 26 19 20 31 16 20 17 22 21 Concessional 1 18 19 20 31 16 20 17 22 21 Private creditors 4 31 17 8 5 4 3 2 1 1 Bonds 0 0 0 0 0 0 0 0 0 0 Cominercial banks 0 0 0 0 0 0 0 0 0 0 Other private 4 31 17 8 5 4 3 2 1 1 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 0 0 Memo: IBRD 0 18 1 27 20 59 12 0 9 28 IDA 0 0 1 0 0 0 0 0 3 0 NET TRANSFERS ON DEBT 23 845 -995 -14 50 36 87 44 -321 -110 Public and publicly guaranteed 23 845 -995 -14 50 36 87 44 -321 -110 Official creditors -2 834 -925 47 83 66 112 58 -309 -105 Multilateral 3 40 -19 -23 -41 -42 32 22 -299 -78 Concessional 3 1 -10 62 24 90 82 47 -5 -9 Bilateral -5 794 -907 69 124 109 81 36 -10 -27 Concessional -1 851 -907 71 122 109 81 36 -10 -27 Private creditors 26 11 -70 -60 -33 -30 -25 -14 -13 -5 Bonds 0 0 0 0 0 0 0 0 0 0 Comimercial banks 0 0 0 0 0 0 0 0 0 0 Other private 26 11 -70 -60 -33 -30 -25 -14 -13 -5 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 0 0 Memo: IBRD 0 39 -2 -56 -39 -107 -25 0 -271 -50 IDA 3 1 -2 0 0 0 0 0 -13 -2 DEBT SERVICE (LTDS) 37 302 1,191 207 174 229 155 124 425 174 Public and publicly guaranteed 37 302 1,191 207 174 229 155 124 425 174 Official creditors 11 138 1,084 143 140 199 130 ill 412 168 Multilateral 0 24 49 101 89 166 92 69 354 113 Concessional 0 2 18 15 22 32 41 44 60 44 Bilateral 11 114 1,035 42 52 33 38 42 59 55 Concessional 6 49 1,035 40 52 33 38 42 59 55 Private creditors 25 165 107 64 34 30 25 14 1 3 6 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 0 0 Other private 25 165 107 64 34 30 25 14 13 6 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 0 0 Memo: IB3RD 0 21 2 56 39 107 25 0 271 50 IDA 0 0 2 0 0 0 0 0 13 2 UNDISBURSED DEBT 110 1,971 712 1,226 1,377 1,167 912 686 529 515 Official creditors 11 1,388 673 1,213 1,369 1,157 902 677 521 507 Private creditors 99 583 39 13 8 9 10 9 8 8 Memorandum items Concessional LDOD 39 1,842 13,052 14,278 14,497 14,831 15,053 15,073 14,981 15,082 Variable rate LDOD 0 0 0 0 0 0 0 0 0 0 Public sector LDOD 233 2,921 14,917 15,913 16,235 16,540 16,756 16,697 16,253 16,328 Private sector LDOD 0 0 0 0 0 0 0 0 0 0 6. CURtRENCI'COMIPOSITION OF LONG-TERMI DEBT-(PERCENT) Deutsche mark 1.7 1.5 2.1 2.2 2.1 2.3 2.4 2.2 2.0 2.1 French franc 7.0 3.6 0.8 0.7 0.7 0.7 0.8 0.7 0.7 0.7 Japanese yen 0.0 0.3 1.9 2.9 3.5 3.8 3.5 3.1 2.8 3.1 Pound sterling 4.0 0.2 0.8 0.4 0.8 0.8 0.7 0.7 0.7 0.7 Swiss franc 4.1 0.8 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 U.S.dollars 31.2 70.0 86.4 86.8 85.1 83.5 82.4 82.7 84.8 84.4 Multiple currency 0.0 8.0 3.4 2.8 2.7 2.5 2.7 2.4 0.6 0.5 Special drawing rights 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 All other currencies 52.0 15.6 4.6 4.2 5.1 6.4 7.5 8.2 8.4 8.5 529 SYRIAN ARAB REPUBLIC (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 7. DEBT RESTRUICTU RINGS Total amount rescheduled 0 0 0 0 0 0 0 0 Debt stock rescheduled 0 0 0 0 0 0 0 0 Principal rescheduled 0 0 0 0 0 0 0 0 Official 0 0 0 0 0 0 0 0 Private ..0 0 0 0 0 0 0 0 Interest rescheduled 0 0 0 0 0 0 0 0 Official 0 0 0 0 0 0 0 0 Private ...0 0 0 0 0 0 0 0 Debt forgiven 0 398 0 0 0 0 0 0 Memo: interest forgiven 0 6 0 0 0 0 0 0 Debt stock reduction 0 0 0 0 0 0 0 0 of which debt buyback 0 0 0 0 0 0 0 0 8. DEBT STOCK-FLOW RECONCI.LIATION Total change in debt stocks .. -321 75 959 582 760 101 -555 1,571 Net flows on debt 67 1,239 -733 345 522 163 460 63 -523 1,285 Net change in interest arrears ... 247 224 238 251 233 189 154 179 Interest capitalized ...0 0 0 0 0 0 0 0 Debt forgiveness or reduction ...0 -398 0 0 0 0 0 0 Cross-currency valuation ... 185 -99 35 164 64 -138 -242 110 Residual ... -20 2 166 5 3 -13 56 -3 9. AV~ERAGE TERM~S OF NEW CONEMIITNIENTS ALL CREDITORS Interest (%) 4.3 2.5 3.7 4.2 3.8 0.0 0.0 0.0 0.0 0.0 Maturity (years) 8.7 22.4 22.7 22.0 21.7 0.0 0.0 0.0 0.0 0.0 Grace period (years) 2.4 4.3 6.1 6.0 5.1 0.0 0.0 0.0 0.0 0.0 Grant element (%) 24.0 50.7 43.6 40.0 41.6 0.0 0.0 0.0 0.0 0.0 Official creditors Interest (%) 2.7 2.0 3.8 4.2 3.8 0.0 0.0 0.0 0.0 0.0 Maturity (years) 8.7 25.1 23.0 22.0 21.7 0.0 0.0 0.0 0.0 0.0 Grace period (years) 3.0 4.2 6.2 6.0 5.1 0.0 0.0 0.0 0.0 0.0 Grant element (%) 30.4 55.8 43.9 40.0 41.6 0.0 0.0 0.0 0.0 0.0 Private creditors Interest (%) 4.5 4.1 3.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Maturity (years) 8.7 12.6 12.8 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Grace period (years) 2.4 4.4 3.6 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Grant element (%) 23.2 32.2 36.3 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memorandum items Commuitments 14 1,169 344 262 345 0 0 0 0 0 Official creditors 2 918 334 262 345 0 0 0 0 0 Private creditors 13 251 10 0 0 0 0 0 0 0 1O. CONTRACTUAL OBLIGATIONS ON OUTSTANDING LONG-TERMI DEBT 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 TOTAL Disbursements 50 29 10 5 1 0 0 0 0 0 Principal 964 952 916 909 896 891 873 863 118 109 Interest 202 178 155 133 112 90 69 49 30 26 Official creditors Disbursements 45 27 10 5 1 0 0 0 0 0 Principal 927 923 907 903 891 886 869 862 118 109 Interest 199 176 154 133 ill 90 69 49 30 26 Bilateral creditors Disbursements 25 15 5 1 1 0 0 0 0 0 Principal 850 850 850 851 840 839 831 827 84 76 Interest 167 148 130 ill 92 73 55 37 19 16 Multilateral creditors Disbursements 20 12 5 4 0 0 0 0 0 0 Principal 77 74 57 52 51 47 38 35 33 33 Interest 32 28 25 22 19 17 14 13 1 1 10 Private creditors Disbursements 5 2 0 0 0 0 0 0 0 0 Principal 37 28 9 6 5 5 4 2 0 0 Interest 3 2 1 1 1 0 0 0 0 0 Comimercial banks Disbursements 0 0 0 0 0 0 0 0 0 0 Principal 0 0 0 0 0 0 0 0 0 0 Interest 0 0 0 0 0 0 0 0 0 0 Other private Disbursements 5 2 0 0 0 0 0 0 0 0 Principal 37 28 9 6 5 5 4 2 0 0 Interest 3 2 1 1 1 0 0 0 0 0 530 TAJIKISTAN (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 1. SUNIMARY DEBT DA~ FA TOTAL DEBT STOCKS (EDT) . .. 9.7 385.2 580.3 633.6 699.4 901.1 1,069.5 Long-term debt (LDOD) .. . . 9.7 384.9 562.0 590.4 656.8 797.0 823.3 Public and publicly guaranteed ... . 9.7 384.9 562.0 590.4 656.8 669.0 706.9 Private nonguaranteed ... . 0.0 0.0 0.0 0.0 0.0 128.0 116.4 Use of IMF credit ... . 0.0 0.0 0.0 0.0 21.6 30.4 99.0 Short-term debt ... . 0.0 0.3 18.3 43.2 21.0 73.7 147.2 of which interest arrears on LDOD ... . 0.0 0.3 18.3 43.2 13.0 36.7 35.2 Official creditors ... . 0.0 0.3 16.0 37.0 4.5 14.8 15.6 Private creditors ... . 0.0 0.0 2.3 6.2 8.4 21.9 19.7 Memo: principal arrears on LDOD ... . 0.0 0.0 60.3 141.9 89.6 99.5 94.7 Official creditors ... . 0.0 0.0 60.3 120.2 21.6 31.5 34.8 Private creditors ... . 0.0 0.0 0.0 21.7 68.0 68.0 59.9 Memo: export credits ... . 0.0 0.0 0.0 38.0 0.0 0.0 39.0 TOTAL DEBT FLOWS Disbursements ... . 9.7 78.2 177.1 28.4 58.3 52.3 120.2 Long-term debt ... . 9.7 78.2 177.1 28.4 36.5 42.0 55.3 IMF purchases ... . 0.0 0.0 0.0 0.0 21.8 10.3 64.9 Principal repayments ... . 0.0 0.0 0.0 0.0 0.0 28.9 60.3 Long-term debt ... . 0.0 0.0 0.0 0.0 0.0 28.9 60.3 IMF repurchases ... . 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Net flows on debt ... . 9.7 78.2 177.1 28.4 66.3 52.4 134.9 of which short-term debt ... . 0.0 0.0 0.0 0.0 8.0 29.0 75.0 Interest payments (INT) ... . 0.0 0.8 0.4 0.0 1.1 8.1 22.7 Long-term debt ... . 0.0 0.8 0.4 0.0 0.3 5.9 19.9 IMF charges ... . 0.0 0.0 0.0 0.0 0.5 0.9 1.7 Short-term debt ... . 0.0 0.0 0.0 0.0 0.4 1.2 1.1 Net transfers on debt ... . 9.7 77.3 176.7 28.4 65.2 44.3 112.2 Total debt service paid (TDS) ... . 0.0 0.8 0.4 0.0 1.1 37.0 83.0 Long-termn debt ... . 0.0 0.8 0.4 0.0 0.3 34.8 80.2 IMF repurchases and charges ... . 0.0 0.0 0.0 0.0 0.5 0.9 1.7 Short-term debt (interest only) ... . 0.0 0.0 0.0 0.0 0.4 1.2 1.1 2. AGGREGATE NET RESOURCE FLOWS AND NET TRANSFERS tLONG-TERNI NET RESOURCE FLOWS .. . . 9.9 88.8 249.8 96.9 111.0 88.0 69.6 Net flow of long-term debt (ex. IMF ... 9.7 78.2 177.1 28.4 36.5 13.1 -5.0 Foreign direct investment (net) ... . 0.0 0.0 10.0 15.0 16.0 20.0 18.0 Portfolio equity flows ... . 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Grants (excluding technical coop.) ... . 0.2 10.6 62.7 53.5 58.5 54.8 56.5 Memo: technical coop. grants ... . 0.4 1.0 4.0 11.2 14.4 8.5 10.0 official net resource flows ... . 9.9 20.8 239.8 81.9 95.0 68.3 72.4 private net resource flows ... . 0.0 68.0 10.0 15.0 16.0 19.7 -2.8 NET TRANSFERS .. . . 9.9 88.0 249.4 96.9 110.7 82.1 49.8 Interest on long-termn debt ... . 0.0 0.8 0.4 0.0 0.3 5.9 19.9 Profit remittances on FDI ... . 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: official net transfers ... . 9.9 20.8 239.4 81.9 94.7 63.4 57.7 private net transfers ... . 0.0 67.2 10.0 15.0 16.0 18.7 -7.9 3. NMAJOR ECONOMIC AGGREGATES Gross national product (GNP) ... . 3,133.5 2,972.1 2,069.9 1,969.5 1,950.1 2,134.2 2,163.7 Exports of goods & services (XGS) ...... 456.0 559.0 779.0 770.0 746.0 604.0 of which workers rem-ittances ... . 0.0 0.0 0.0 0.0 0.0 0.0 Imports of goods & services (MGS) ...... 690.0 754.0 893.0 876.0 846.0 769.0 Intemnational reserves (RES) . .. .. .. Current account balance ...... -208.0 -170.0 -89.0 -76.0 -60.0 -107.0 4. DEBT INDICATORS EDT /XGS (%) ...... 84.5 103.8 81.3 90.8 120.8 177.1 EDT/GNP (%) ... . 0.3 13.0 28.0 32.2 35.9 42.2 49.4 TDS IXGS (%) ...... 0.2 0.1 0.0 0.1 5.0 13.7 INT /XGS (%) ...... 0.2 0.1 0.0 0.1 1.1 3.8 INT /GNP (%) ... . 0.0 0.0 0.0 0.0 0.1 0.4 1.1 RESI/EDT (%)............ RES / MGS (months)...... .. . Short-term /EDT (%) ... . 0.0 0.1 3.2 6.8 3.0 8.2 13.8 Concessional /EDT (%) ... . 100.0 5.2 3.4 3.3 79.6 61.9 58.3 Multilateral /EDT (%) ... . 0.0 0.0 0.0 0.0 4.3 5.6 10.3 53' TAJIKISTAN (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 S. LONG-TERN] DEBT DEBT OUTSTANDING (LDOD) .. . . 9.7 384.9 562.0 590.4 656.8 797.0 823.3 Public and publicly guaranteed .. . . 9.7 384.9 562.0 590.4 656.8 669.0 706.9 Official creditors ... . 9.7 316.9 494.0 522.4 588.8 601.0 646.9 Multilateral ... . 0.0 0.0 0.0 0.0 30.2 50.1 109.7 Concessional ... . 0.0 0.0 0.0 0.0 30.2 50.1 109.7 Bilateral ... . 9.7 316.9 494.0 522.4 558.6 550.8 537.2 Concessional ... . 9.7 19.9 19.9 20.9 526.7 507.6 513.9 Private creditors ... . 0.0 68.0 68.0 68.0 68.0 68.0 59.9 Bonds ... . 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks ... . 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Other private ... . 0.0 68.0 68.0 68.0 68.0 68.0 59.9 Private nonguaranteed .. . . 0.0 0.0 0.0 0.0 0.0 128.0 116.4 Bonds ... . 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks ... . 0.0 0.0 0.0 0.0 0.0 128.0 116.4 Memo: IBRD ... . 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA ... . 0.0 0.0 0.0 0.0 30.2 50.1 91.8 DISBURSEMENTS .. . . 9.7 78.2 177.1 28.4 36.5 42.0 55.3 Public and publicly guaranteed .. . . 9.7 78.2 177.1 28.4 36.5 42.0 55.3 Official creditors ... . 9.7 10.2 177.1 28.4 36.5 42.0 55.3 Multilateral ... . 0.0 0.0 0.0 0.0 30.4 22.0 55.3 Concessional ... . 0.0 0.0 0.0 0.0 30.4 22.0 55.3 Bilateral ... . 9.7 10.2 177.1 28.4 6.1 20.0 0.0 Concessional ... . 9.7 10.2 0.0 1.0 0.0 8.7 0.0 Private creditors ... . 0.0 68.0 0.0 0.0 0.0 0.0 0.0 Bonds ... . 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks ... . 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Other private ... . 0.0 68.0 0.0 0.0 0.0 0.0 0.0 Private nonguaranteed ... . 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds ... . 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks ... . 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD ... . 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA ... . 0.0 0.0 0.0 0.0 30.4 22.0 37.9 PRINCIPAL REPAYMENTS .. . . 0.0 0.0 0.0 0.0 0.0 28.9 60.3 Public and publicly guaranteed ... . 0.0 0.0 0.0 0.0 0.0 28.5 47.5 Official creditors ... . 0.0 0.0 0.0 0.0 0.0 28.5 39.4 Multilateral ... . 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Concessional ... . 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bilateral ... . 0.0 0.0 0.0 0.0 0.0 28.5 39.4 Concessional ... . 0.0 0.0 0.0 0.0 0.0 28.5 39.4 Private creditors ... . 0.0 0.0 0.0 0.0 0.0 0.0 8.0 Bonds ... . 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks ... . 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Other private ... . 0.0 0.0 0.0 0.0 0.0 0.0 8.0 Private nonguaranteed ... . 0.0 0.0 0.0 0.0 0.0 0.3 12.8 Bonds ... . 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks ... . 0.0 0.0 0.0 0.0 0.0 0.3 12.8 Memo: IBRD ... . 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA ... . 0.0 0.0 0.0 0.0 0.0 0.0 0.0 NET FLOWS ON DEBT .. . . 9.7 78.2 177.1 28.4 36.5 13.1 -5.0 Public and publicly guaranteed .. . . 9.7 78.2 177.1 28.4 36.5 13.5 7.8 Official creditors ... . 9.7 10.2 177.1 28.4 36.5 13.5 15.9 Multilateral ... . 0.0 0.0 0.0 0.0 30.4 22.0 55.3 Concessional ... . 0.0 0.0 0.0 0.0 30.4 22.0 55.3 Bilateral ... . 9.7 10.2 177.1 28.4 6.1 -8.5 -39.4 Concessional ... . 9.7 10.2 0.0 1.0 0.0 -19.8 -39.4 Private creditors ... . 0.0 68.0 0.0 0.0 0.0 0.0 -8.0 Bonds ... . 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commiercial banks ... . 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Other private ... . 0.0 68.0 0.0 0.0 0.0 0.0 -8.0 Private nonguaranteed ... . 0.0 0.0 0.0 0.0 0.0 -0.3 -12.8 Bonds ... . 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks ... . 0.0 0.0 0.0 0.0 0.0 -0.3 -12.8 Memo: IBRD ... . 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA ... . 0.0 0.0 0.0 0.0 30.4 22.0 37.9 532 TAJIKISTAN (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 INTEREST PAYMENTS (LINT) .. . . 0.0 0.8 0.4 0.0 0.3 5.9 19.9 Public and publicly guaranteed ... . 0.0 0.8 0.4 0.0 0.3 4.9 14.7 Official creditors ... . 0.0 0.0 0.4 0.0 0.3 4.9 14.7 Multilateral ... . 0.0 0.0 0.0 0.0 0.0 0.2 0.4 Concessional ... . 0.0 0.0 0.0 0.0 0.0 0.2 0.4 Bilateral ... . 0.0 0.0 0.4 0.0 0.3 4.7 14.3 Concessional ... . 0.0 0.0 0.4 0.0 0.3 4.7 13.7 Private creditors ... . 0.0 0.8 0.0 0.0 0.0 0.0 0.0 Bonds ... . 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commnercial banks ... . 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Other private ... . 0.0 0.8 0.0 0.0 0.0 0.0 0.0 Private nonguaranteed ... . 0.0 0.0 0.0 0.0 0.0 1.0 5.1 Bonds ... . 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks ... . 0.0 0.0 0.0 0.0 0.0 1.0 5.1 Memo: IBRD ... . 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA ... . 0.0 0.0 0.0 0.0 0.0 0.2 0.4 NET TRANSFERS ON DEBT .. . . 9.7 77.3 176.7 28.4 36.2 7.2 -24.9 Public and publicly guaranteed ... . 9.7 77.3 176.7 28.4 36.2 8.5 -6.9 Official creditors ... . 9.7 10.2 176.7 28.4 36.2 8.5 1.1 Multilateral ... . 0.0 0.0 0.0 0.0 30.4 21.8 54.9 Concessional ... . 0.0 0.0 0.0 0.0 30.4 21.8 54.9 Bilateral ... . 9.7 10.2 176.7 28.4 5.8 -13.2 -53.8 Concessional ... . 9.7 10.2 -0.4 1.0 -0.3 -24.5 -53.1 Private creditors ... . 0.0 67.2 0.0 0.0 0.0 0.0 -8.0 Bonds ... . 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks ... . 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Other private ... . 0.0 67.2 0.0 0.0 0.0 0.0 -8.0 Private nonguaranteed ... . 0.0 0.0 0.0 0.0 0.0 .1.3 .17.9 Bonds ... . 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks ... . 0.0 0.0 0.0 0.0 0.0 -1.3 -17.9 Memo: IBRD ... . 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA ... . 0.0 0.0 0.0 0.0 30.4 21.8 37.5 DEBT SERVICE (LTDS) .. . . 0.0 0.8 0.4 0.0 0.3 34.8 80.2 Public and publicly guaranteed ... . 0.0 0.8 0.4 0.0 0.3 33.5 62.2 Official creditors ... . 0.0 0.0 0.4 0.0 0.3 33.5 54.2 Multilateral ... . 0.0 0.0 0.0 0.0 0.0 0.2 0.4 Concessional ... . 0.0 0.0 0.0 0.0 0.0 0.2 0.4 Bilateral ... . 0.0 0.0 0.4 0.0 0.3 33.2 53.8 Concessional ... . 0.0 0.0 0.4 0.0 0.3 33.2 53.1 Private creditors ... . 0.0 0.8 0.0 0.0 0.0 0.0 8.0 Bonds ... . 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Comimercial banks ... . 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Other private ... . 0.0 0.8 0.0 0.0 0.0 0.0 8.0 Private nonguaranteed ... . 0.0 0.0 0.0 0.0 0.0 1.3 17.9 Bonds ... . 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commnercial banks ... . 0.0 0.0 0.0 0.0 0.0 1.3 17.9 Memo: IBRD ... . 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA ... . 0.0 0.0 0.0 0.0 0.0 0.2 0.4 UNDISBURSED DEBT .. . . 74.3 44.9 66.4 34.1 52.7 33.3 59.2 Official creditors ... . 6.3 44.9 66.4 34.1 52.7 33.3 59.2 Private creditors ... . 68.0 0.0 0.0 0.0 0.0 0.0 0.0 Memorandum items Concessional LDOD ... . 9.7 19.9 19.9 20.9 556.9 557.7 623.6 Variable rate LDOD ... . 0.0 365.0 542.1 561.7 86.1 221.0 181.3 Public sector LDOD ... . 9.7 384.9 562.0 590.4 656.8 669.0 706.9 Private sector LDOD ... . 0.0 0.0 0.0 0.0 0.0 128.0 116.4 6. CUrRRENCY C)NEPIOSITION OF LONG-TERM DEBT (PERCENT) Deutsche mark ... . 0.0 0.0 0.0 0.0 0.0 0.0 0.0 French franc ... . 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Japanese yen ... . 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Pound sterling ... . 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Swxiss franc ... . 0.0 0.0 0.0 0.0 0.0 0.0 0.0 U.S.dollars ... . 99.7 95.4 96.9 97.0 100.0 100.0 98.2 Multiple currency ... . 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Special drawing rights ... . 0.0 0.0 0.0 0.0 0.0 0.0 0.0 All other currencies ... . 0.3 4.6 3.1 3.0 0.0 0.0 1.8 533 TAJIKISTAN (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 7. DEBT RESTRhUCTLURNGS Total amount rescheduled ... . 0.0 297.0 0.0 0.0 505.8 19.0 176.9 Debt stock rescheduled ... . 0.0 0.0 0.0 0.0 259.7 18.3 151.2 Principal rescheduled ... . 0.0 0.0 0.0 0.0 215.9 0.0 20.0 Official ... . 0.0 0.0 0.0 0.0 215.9 0.0 20.0 Private ... . 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Interest rescheduled ...... 0.0 0.0 0.0 22.8 0.0 5.7 Official ... . 0.0 0.0 0.0 0.0 22.8 0.0 5.7 Private ... . 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Debt forgiven ... . 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: interest forgiven ... . 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Debt stock reduction ... . 0.0 0.0 0.0 0.0 0.0 0.0 0.0 of which debt buyback ... . 0.0 0.0 0.0 0.0 0.0 0.0 0.0 S. DEBT STOCK-FLOW RECONCILIATION Total change in debt stocks ...... 375.5 195.1 53.3 65.8 201.7 168.4 Net flows on debt ... . 9.7 78.2 177.1 28.4 66.3 52.4 134.9 Net change in interest arrears ...... 0.3 18.0 24.9 -30.2 23.8 -1.5 Interest capitalized ...... 0.0 0.0 0.0 22.8 0.0 5.7 Debt forgiveness or reduction ...... 0.0 0.0 0.0 0.0 0.0 0.0 Cross-currency valuation ...... -12.0 -11.5 -3.9 0.0 0.0 0.6 Residual ...... 309.0 11.5 3.9 7.0 125.5 28.7 9. AVERAGE TERM~S OF NEW CO!MlM1TMENTS ALL CREDITORS Interest (%) ... . 3.9 3.9 7.3 0.0 0.8 0.5 0.5 Maturity (years) ... . 9.3 16.6 7.2 0.0 39.8 37.9 36.6 Grace period (years) ... . 4.2 5.3 2.1 0.0 10.3 9.9 9.6 Grant element (%) ... . 26.4 34.4 9.6 0.0 80.7 81.5 79.9 Offlcial creditors Interest (%) ... . 2.0 3.9 7.3 0.0 0.8 0.5 0.5 Maturity (years) ... . 29.9 16.6 7.2 0.0 39.8 37.9 36.6 Grace period (years) ... . 6.9 5.3 2.1 0.0 10.3 9.9 9.6 Grant element (%) ... . 63.0 34.4 9.6 0.0 80.7 81.5 79.9 Private creditors Interest (%) ... . 4.4 0.0 0.0 0.0 0.0 0.0 0.0 Maturity (years) ... . 4.5 0.0 0.0 0.0 0.0 0.0 0.0 Grace period (years) ... . 3.5 0.0 0.0 0.0 0.0 0.0 0.0 Grant element (%) ... . 17.8 0.0 0.0 0.0 0.0 0.0 0.0 Memorandum items Commitments ... . 84.0 48.8 198.6 0.0 55.0 25.0 79.5 Official creditors ... . 16.0 48.8 198.6 0.0 55.0 25.0 79.5 Private creditors ... . 68.0 0.0 0.0 0.0 0.0 0.0 0.0 10. CONTRACTUAL OBLIGATIONS ON OUTSTANDING LONG-TERAI DEBT 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 TOTAL Disbursements 211.7 17.2 11.8 6.2 1.4 0.6 0.3 0.0 0.0 0.0 Principal 59.6 59.6 61.6 62.2 61.4 60.7 60.9 61.5 62.6 35.6 Interest 19.9 18.1 16.2 14.2 12.2 10.2 8.3 6.4 4.5 3.2 Official creditors Disbursements 21.7 17.2 11.8 6.2 1.4 0.6 0.3 0.0 0.0 0.0 Principal 46.2 46.2 48.8 49.4 48.6 47.9 48.1 48.7 49.8 35.6 Interest 15.3 14.1 12.8 11.4 9.9 8.5 7.2 5.8 4.5 3.2 Bilateral creditors Disbursements 4.4 1.8 0.8 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal 46.2 46.2 48.8 49.4 48.2 47.5 47.5 47.5 47.5 32.4 Interest 14.5 13.2 11.9 10.4 8.9 7.5 6.2 4.9 3.6 2.3 Multilateral creditors Disbursements 17.3 15.4 11.0 6.2 1.4 0.6 0.3 0.0 0.0 0.0 Principal 0.0 0.0 0.0 0.0 0.4 0.4 0.6 1.2 2.3 3.2 Interest 0.8 0.9 0.9 0.9 1.0 1.0 1.0 0.9 0.9 0.9 Private creditors Disbursements 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal 13.4 13.4 12.8 12.8 12.8 12.8 12.8 12.8 12.8 0.0 Interest 4.6 4.0 3.4 2.9 2.3 1.7 1.2 0.6 0.0 0.0 Commercial banks Disbursements 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Interest 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Other private Disbursements 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal 13.4 13.4 12.8 12.8 12.8 12.8 12.8 12.8 12.8 0.0 Interest 4.6 4.0 3.4 2.9 2.3 1.7 1.2 0.6 0.0 0.0 534 TANZANIA (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 1. SUMNMAR'I DEBT DATA TOTAL DEBT STOCKS (EDT) . 5,322 6,438 6,678 6,781 7,235 7,406 7,362 7,129 7,603 Long-term debt (LDOD) 188 3,381 5,781 5,862 5,820 6,140 6,247 6,127 6,056 6,440 Public and publicly guaranteed 173 3,297 5,769 5,850 5,808 6,128 6,204 6,082 6,015 6,404 Private nonguaranteed 15 84 12 12 12 12 44 45 41 37 Use of IMF credit 0 171 140 221 215 212 197 206 246 268 Short-term debt 1,770 517 596 747 883 961 1,029 826 895 of which interest arrears on LDOD 1,467 401 510 686 802 902 901 687 746 Official creditors 1,464 279 424 551 650 740 726 545 593 Private creditors ..3 122 86 135 152 162 175 142 152 Memo: principal arrears on LDOD 592 812 1,003 1,122 1,277 1,506 1,608 1,080 1,072 Official creditors 586 629 800 896 1,025 1,234 1,324 903 907 Private creditors 6 183 203 226 252 272 285 177 166 Memo: export credits 0 1,278 1,237 1,191 799 853 739 994 845 TOTAL DEBT FLOWS Disbursements 57 433 330 476 237 259 258 244 336 264 Long-term debt 57 367 301 385 237 259 258 207 251 216 IMF purchases 0 66 29 90 0 0 0 37 85 48 Principal repayments 4 81 118 172 104 116 146 168 118 134 Long-term debt 4 49 89 166 98 101 127 146 87 96 IMF repurchases 0 33 28 6 6 1 5 20 22 31 38 Net flows on debt 76 405 228 306 109 162 90 145 230 140 of which short-term debt .. 53 16 2 -24 20 -22 68 12 10 Interest payments (INT) 80 62 64 107 67 86 104 48 112 Long-term debt 3 48 47 58 102 62 81 97 41 104 DMF charges 0 7 6 1 1 1 1 1 1 1 Short-term debt .. 26 9 5 4 5 4 6 6 7 Net transfers on debt -- 325 166 242 2 95 4 41 182 28 Total debt service paid (TDS) .. 161 179 236 211 184 232 271 166 246 Long-term debt 7 96 137 224 201 163 208 243 128 200 DJE repurchases and charges 0 39 34 7 7 1 6 21 23 32 39 Short-term debt (interest only) .. 26 9 5 4 5 4 6 6 7 2. AGG REGA YE N ET RI -SOL'iRCE F`LO$S ANVD NET T RANSFERS iLONG-TERNI NET RESOURCE FLOWS 59 804 889 928 945 772 702 642 753 939 Net flow of long-term debt (ex. HOF) 52 318 212 219 139 158 131 61 165 120 Foreign direct investment (net) 0 0 0 12 20 50 120 150 158 172 Portfolio equity flows 0 0 0 0 0 0 0 0 0 0 Grants (excluding techntical coop.) 6 485 677 697 786 565 451 430 431 648 Memo: technical coop. grants 21 173 209 232 235 209 265 254 218 189 official net resource flows 48 705 885 958 895 720 567 504 614 783 private net resource flows 1 1 99 4 -30 51 52 135 137 140 157 NET TRANSFERS 56 756 816 840 808 674 584 510 664 786 Interest on long-term debt 3 48 47 58 102 62 81 97 41 104 Profit remiittances on FDI 0 0 25 30 35 36 37 35 48 50 Memo: official net transfers 46 671 841 906 797 660 490 413 575 682 private net transfers 10 86 -25 -66 11 15 93 97 89 104 3. %IAJOR ECONOMNIC AGGREGATES Gross national product (GNP) ... 4,011 4,680 4,355 4,049 4,974 5,864 7,065 8,063 Exports of goods & services (XGS) .. 762 544 584 787 969 1,297 1,422 1,254 1,180 of which workers remittances ..0 . .. . Imports of goods & services (MGS) .. 1,412 1,665 1,913 2,194 1,966 2,281 2,272 2,130 2,527 Intemnational reserves (RES) 65 20 193 327 203 332 270 440 622 599 Current account balance .. -521 -559 -714 -895 -637 -590 -413 -579 -907 43. DEBT INDICATORS EDT/XGS (% . 698.6 1,182.9 1,142.6 862.0 747.0 571.0 517.5 568.3 644.6 EDT /GNP ()... 160.5 142.7 155.7 178.7 148.9 125.6 100.9 94.3 TDS/XGS% .. 21.2 32.9 40.3 26.9 19.C 17.9 19.1 13.2 20.9 INT/XGS% .. 10.5 11.3 10.9 13.6 6.9 6.6 7.3 3.8 9.5 INT/GNP(% ... 1.5 1.4 2.5 1.7 1.7 1.8 0.7 1.4 RES/EDT(% . 0.4 3.0 4.9 3.0 4.6 3.7 6.0 8.7 7.9 RES/MGS (months) .. 0.2 1.4 2.1 1.1 2.0 1.4 2.3 3.5 2.9 Short-term /EDT (%) .. 33.3 8.0 8.9 11.0 12.2 13.0 14.0 11.6 11.8 Concessionalf/EDT(% . 50.6 53.9 57.6 59.2 60.4 60.1 60.9 71.5 72.5 Multilateral /EDT (%) . 10.6 30.9 34.4 35.6 36.8 37.8 39.1 41.0 41.3 535 TANZANIA (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 5. LONC-TERNI DEBT DEBT OUTSTANDING (LDOD) 188 3,381 5,781 5,862 5,820 6,140 6,247 6,127 6,056 6,440 Public and publicly guaranteed 173 3,297 5,769 5,850 5,808 6,128 6,204 6,082 6,015 6,404 Official creditors 168 3,041 5,303 5,461 5,420 5,743 5,806 5,709 5,779 6,177 Multilateral 38 566 1,987 2,298 2,411 2,659 2,796 2,881 2,924 3,141 Concessional 35 305 1,625 2,002 2,153 2,430 2,603 2,733 2,813 3,049 Bilateral 129 2,476 3,317 3,164 3,009 3,084 3,010 2,828 2,856 3,036 Concessional 129 2,388 1,844 1,846 1,863 1,943 1,851 1,749 2,283 2,464 Private creditors 6 256 466 388 388 385 398 373 236 227 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 28 26 11 4 4 5 4 2 1 Other private 6 228 441 377 384 381 393 369 234 226 Private nonguaranteed 15 84 12 12 12 12 44 45 41 37 Bonds 0 0 0 0 0 0 0 0 0 0 Comimercial banks 15 84 12 12 12 12 44 45 41 37 Memo: IBRD 4 198 243 171 140 114 87 56 34 22 IDA 35 242 1,250 1,618 1,759 1,998 2,182 2,242 2,306 2,463 DISBURSEMENTS 57 367 301 385 237 259 258 207 251 216 Public and publicly guaranteed 49 335 301 385 237 259 257 206 251 216 Official creditors 43 245 285 348 196 241 216 201 251 216 Multilateral 11 122 203 256 167 215 187 194 244 187 Concessional 9 63 187 248 166 211 173 192 238 184 Bilateral 33 123 83 91 29 27 29 7 8 28 Concessional 32 95 52 88 21 18 28 7 6 10 Private creditors 6 90 16 38 41 17 40 4 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 8 0 1 0 1 1 1 0 0 Other private 6 82 16 37 41 16 40 3 0 0 Private nonguaranteed 8 31 0 0 0 0 1 2 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 8 31 0 0 0 0 1 2 0 0 Memo: IBRD 1 34 0 0 0 0 0 0 0 0 IDA 9 35 187 235 146 183 160 134 183 102 PRINCIPAL REPAYMENTS 4 49 89 166 98 101 127 146 87 96 Public and publicly guaranteed 2 32 89 166 98 101 122 146 83 92 Official creditors 2 26 77 87 87 86 100 128 68 81 Multilateral 0 8 45 53 55 68 79 76 64 64 Concessional 0 1 13 16 15 30 23 34 31 39 Bilateral 2 18 33 33 32 18 22 51 4 17 Concessional 2 18 24 20 22 11 14 20 4 9 Private creditors 0 6 12 80 11 16 22 18 14 11 Bonds 0 0 0 0 0 0 0 0 0 0 Commnercial banks 0 1 0 8 7 0 0 3 2 1 Other private 0 6 12 72 4 15 22 16 1 3 10 Private nonguaranteed 3 16 0 0 0 0 5 0 4 4 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 3 16 0 0 0 0 5 0 4 4 Memo: IBRD 0 5 26 31 33 33 34 27 20 12 IDA 0 1 6 8 9 11 12 14 15 17 NET FLOWS ON DEBT 52 318 212 219 139 158 131 61 165 120 Public and publicly guaranteed 47 303 212 219 139 158 135 60 169 124 Official creditors 42 219 208 261 109 156 116 74 183 135 Multilateral 11 115 158 203 112 147 109 118 179 123 Concessional 9 63 174 232 150 181 149 158 208 145 Bilateral 31 104 50 58 -4 9 8 -44 4 12 Concessional 30 77 29 67 -1 8 14 -13 3 2 Private creditors 6 84 4 -42 31 2 19 -14 -14 -11 Bonds 0 0 0 0 0 0 0 0 0 0 Comunercial banks 0 8 0 -7 -7 0 1 -1 -2 -1 Other private 6 77 4 -35 38 1 18 -13 -13 -10 Private nonguaranteed 5 15 0 0 0 0 -4 1 -4 -4 Bonds 0 0 0 0 0 0 0 0 0 0 Comimercial banks 5 15 0 0 0 0 -41 -4 - Memo: IBRD 1 29 -26 -31 -33 -33 -34 -27 -20 -12 IDA 9 34 181 226 137 172 148 121 168 85 536 TANZANIA (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 INTEREST PAYMENTS (LINT) 3 48 47 58 102 62 81 97 41 104 Public and publicly guaranteed 2 41 47 58 102 62 80 96 40 102 Official creditors 2 34 44 52 98 6 1 77 92 39 101 Multilateral 0 18 27 34 35 34 57 47 36 36 Concessional 0 2 9 13 15 17 18 33 25 22 Bilateral 2 16 17 18 63 27 20 45 3 65 Concessional 2 14 11 9 34 11 11 22 2 54 Private creditors 0 7 3 6 5 1 3 4 1 2 Bonds 0 0 0 0 0 0 0 0 0 0 Comruercial banks 0 1 0 3 3 0 0 1 0 0 Other private 0 6 3 3 2 1 3 4 1 2 Private nonguaranteed 1 7 0 0 0 0 1 1 1 1 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 1 7 0 0 0 0 1 1 1 1 Memo: IBRD 0 15 17 15 12 10 8 6 4 2 IDA 0 2 8 10 14 14 16 17 16 17 NET TRANSFERS ON DEBT 49 271 164 161 37 96 50 -35 124 16 Public and publicly guaranteed 45 262 164 161 37 96 55 -36 129 21 Official creditors 40 185 164 209 11 95 40 -18 144 34 Multilateral 10 97 131 169 78 113 52 71 143 87 Concessional 9 61 165 219 135 165 132 125 182 123 Bilateral 29 89 33 40 -67 -18 -13 -89 1 -53 Concessional 29 64 18 58 -35 -3 3 -36 1 -52 Private creditors 6 77 0 -48 26 1 15 -18 -15 -13 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 7 0 -10 -10 0 1 -2 -2 -1 Other private 6 71 0 -38 36 1 1 5 -16 -13 -12 Private nonguaranteed 4 9 0 0 0 0 -5 1 -6 -5 Bonds 0 0 0 0 0 0 0 0 0 0 Commiercial banks 4 9 0 0 0 0 -5 1 -6 -5 Memo: IBRD 1 14 -44 -45 -45 -42 -42 -33 -24 -15 IDA 9 33 172 216 123 158 132 104 151 68 DEBT SERVICE (LTDS) 7 96 137 224 201 163 208 243 128 200 Public and publicly guaranteed 4 73 137 224 201 163 202 242 122 194 Official creditors 4 60 121 139 185 146 177 219 107 181 Multilateral 0 26 72 88 90 102 135 123 101 100 Concessional 0 2 21 29 31 47 41 67 56 61 Bilateral 4 34 50 51 95 45 42 96 7 81 Concessional 4 32 34 29 56 22 25 42 6 63 Private creditors 0 13 15 85 15 16 25 22 15 13 Bonds 0 0 0 0 0 0 0 0 0 0 Comimercial banks 0 2 0 11 10 0 0 3 2 1 Other private 0 12 1 5 75 5 16 25 19 13 12 Private nonguaranteed 3 23 0 0 0 0 6 1 6 5 Bonds 0 0 0 0 0 0 0 0 0 0 Comimercial banks 3 23 0 0 0 0 6 1 6 5 Memo: IBRD 0 20 44 45 45 42 42 33 24 15 IDA 0 2 14 19 23 25 28 31 32 33 UNDISBURSED DEBT 315 1,165 1,174 1,256 1,529 1,536 1,303 1,244 1,159 1,088 Official creditors 311 1,088 1,169 1,230 1,500 1,511 1,278 1,235 1,147 1,081 Private creditors 4 77 5 26 29 25 25 9 12 7 Memorandum items Concessional LDOD 163 2,693 3,469 3,848 4,016 4,372 4,454 4,482 5,096 5,513 Variable rate LDOD 15 89 466 513 474 475 513 512 334 308 Public sector LDOD 173 3,268 5,719 5,795 5,753 6,059 6,129 6,008 5,955 6,348 Private sector LDOD 15 112 62 66 67 80 119 119 101 93 6. CUJRRENCY COMPOSITION OF LONG-TERM DEBT iPERCENT3 Deutsche mark 3.2 1.3 3.9 4.5 4.1 4.2 3.2 2.9 1.9 1.9 French franc 0.0 2.0 3.6 3.5 2.7 2.6 2.8 2.7 1.9 1.8 Japanese yen 0.0 49.7 8.6 10.2 11.5 12.1 10.9 9.8 10.2 11.8 Pound sterling 24.1 4.8 12.1 11.3 11.0 10.5 10.2 10.3 9.8 9.2 Swiss franc 0.0 0.3 0.5 0.6 0.2 0.2 0.1 0.0 0.0 0.0 U.S.dollars 15.1 12.8 35.6 37.0 38.2 38.9 39.0 40.6 45.8 45.6 Multiple currency 2.1 6.5 6.0 4.8 4.4 4.2 8.2 6.6 6.6 6.7 Special drawing rights 0.0 0.1 1.3 3.0 4.1 4.9 5.2 5.1 4.9 5.1 All other currencies 55.5 22.5 28.4 25.1 23.8 22.4 20.4 22.0 18.9 17.9 537 TANZANIA (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 7. DEBT RESTRUiCTURINGS Total amount rescheduled 185 348 58 9 0 33 761 153 Debt stock rescheduled 0 0 0 0 0 0 0 0 Principal rescheduled 59 173 37 6 0 11 424 30 Official 35 166 23 5 0 11 327 30 Private 24 7 14 1 0 0 97 0 Interest rescheduled 96 115 22 1 0 9 229 14 Official 91 113 20 1 0 9 207 14 Private 5 2 2 0 0 0 22 0 Debt forgiven .. 102 124 193 85 140 30 246 70 Memo: interest forgiven 10 32 39 17 0 1 92 0 Debt stock reduction ..0 0 0 0 0 0 11 0 of which debt buyback 0 0 0 0 0 0 0 0 8. DEBT STOCK-FLO%% RECONCILLATION Total change in debt stocks 589 120 103 454 171 -44 -233 474 Net flows on debt 76 405 228 306 109 162 90 145 230 140 Net change in interest arrears 60 -19 176 116 100 -1 -214 58 Interest capitalized 96 115 22 1 0 9 229 14 Debt forgiveness or reduction -102 -124 -193 -85 -140 -30 -258 -70 Cross-currency valuation ... 390 -250 -17 220 50 -95 -186 152 Residual ... -83 92 7 39 71 -74 -35 180 9..%ATERAGE TERMIS OF NF%% COMMITMENTS ALL CREDITORS Interest (%) 1.4 4.1 1.1 1.0 1.8 1.2 1.7 1.3 1.0 1.3 Maturity (years) 41.0 22.9 34.8 33.7 35.9 35.7 17.5 35.4 41.6 39.9 Grace period (years) 22.5 7.5 9.3 7.9 8.7 9.4 5.8 9.2 9.8 8.7 Grant element (%) 81.0 43.0 72.3 66.1 68.6 73.8 48.3 72.7 78.2 70.5 Official creditors Interest (%) 1.4 3.6 1.1 1.1 1.4 1.0 1.7 1.2 0.9 1.3 Maturity (years) 41.0 24.2 35.2 39.8 38.6 37.6 23.0 35.8 42.4 39.9 Grace period (years) 22.5 8.0 9.3 9.4 9.3 9.9 7.4 9.3 10.0 8.7 Grant element (%) 81.0 46.8 72.8 75.9 73.4 77.6 61.3 73.7 79.7 70.5 Private creditors Interest (%) 0.0 7.6 2.5 0.4 5.6 4.2 1.9 8.9 5.0 0.0 Maturity (years) 0.0 11.7 13.3 3.6 7.8 6.1 3.7 5.9 3.0 0.0 Grace period (years) 0.0 3.2 6.8 0.5 3.3 0.7 1.6 2.4 1.0 0.0 Grant element (%) 0.0 10.3 47.6 17.5 18.0 15.7 15.4 0.4 8.6 0.0 Memorandum items Commitmnents 271 741 699 287 519 218 141 227 272 122 Official creditors 271 663 687 239 474 205 101 224 266 122 Private creditors 0 78 12 48 45 1 3 40 3 6 0 10. CONTRACTUAL OBLIGATIONS ON OUTSTANDING LONG-TERIAI DEBT 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 TOTAL Disbursements 374 304 187 116 60 21 15 5 1 0 Principal 167 242 240 217 187 170 166 164 168 175 Interest 101 125 118 110 103 99 95 91 88 84 Official creditors Disbursements 370 301 187 116 60 21 15 5 1 0 Principal 140 215 220 210 182 166 163 161 165 171 Interest 97 122 116 109 103 98 95 91 88 84 Bilateral creditors Disbursements 45 43 29 17 1 1 8 5 3 1 0 Principal 83 149 151 137 103 81 76 73 71 71 Interest 67 91 85 78 73 69 66 63 61 58 Multilateral creditors Disbursements 325 258 158 99 49 13 10 2 0 0 Principal 57 66 69 73 79 85 86 88 94 101 Interest 30 3 1 3 1 3 1 30 30 29 28 27 26 Private creditors Disbursements 4 3 0 0 0 0 0 0 0 0 Principal 28 27 20 7 5 4 4 3 3 3 Interest 5 3 2 1 1 0 0 0 0 0 Comimercial banks Disbursements 0 0 0 0 0 0 0 0 0 0 Principal 1 0 0 0 0 0 0 0 0 0 Interest 0 0 0 0 0 0 0 0 0 0 Other private Disbursements 4 3 0 0 0 0 0 0 0 0 Principal 27 27 20 7 5 4 4 3 3 3 Interest 4 3 2 1 1 0 0 0 0 0 538 THAILAND (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 I. SUAM k.R%Y DEBT DATA TOTAL DEBT STOCKS (EDT) 8,29 7 28,165 41,864 52,717 65,596 83,093 90,778 93,731 86,172 Long-term debt (LDOD) 726 5,64t. 19,842 27,138 30,083 36,418 41,998 53,164 56,466 59,410 Public and publicly guaranteed 324 3,942 12,531 13,363 14,776 16,266 16,881 16,929 22,324 28,113 Private nonguaranteed 402 1,702 7,311 13,775 15,307 20,152 25,117 36,235 34,142 31,297 Use of IMF credit 0 34t 1 0 0 0 0 0 2,429 3,239 Short-term debt 2,30? 8,322 14,727 22,634 29,179 41,095 37,613 34,836 23,523 of which interest arrears on LDOD C 0 0 0 0 0 0 0 0 Official creditors ..C0 0 0 0 0 0 0 0 Private creditors C 0 0 0 0 0 0 0 0 Memo: principal arrears on LDOD C 0 0 0 0 0 0 0 1,798 Official creditors 0 0 0 0 0 0 0 0 0 Private creditors 0 0 0 0 0 0 0 0 1,798 Memo: export credits 0 3,106 4,145 5,226 7,613 10,485 9,940 12,238 13,551 TOTAL DEBT FLOWS Disbursements 220 2,648 4,588 5,094 7,458 9,096 10,715 14,550 14,757 8,134 Long-term debt 220 2,604 4,588 5,094 7,458 9,096 10,715 14,550 12,280 7,456 MEF purchases 0 45 0 0 0 0 0 0 2,477 678 Principal repayments 131 804 3,265 3,198 4,253 5,166 4,405 4,313 6,184 7,820 Long-term debt 131 782 2,984 3,198 4,253 5,166 4,405 4,313 6,184 7,820 ElAMErepurchases 0 22 281 0 0 0 0 0 0 0 Net flows on debt 365 1,808 3,534 4,132 11,112 10,474 18,226 6,755 5,796 -10,998 of which shor-t-term debt -37 2,210 2,235 7,907 6,545 11,916 -3,482 -2,777 -11,313 Interest payments (INT) .. 814 2,030 2,711 2,187 2,714 4,192 5,220 5,595 5,441 Long-term debt 33 473 1,359 1,877 1,859 2,023 2,649 3,113 3,470 3,756 IMFcharges 0 13 21 0 0 0 0 0 15 121 Short-term debt 328 650 834 328 692 1,543 2,107 2,110 1,564 Net transfers on debt 994 1,504 1,421 8,925 7,760 14,034 1,535 202 -16,440 Total debt service paid (TDS) 1,617 5,295 5,909 6,440 7,880 8,597 9,533 11,778 13,261 Long-termn debt 164 1,254 4,343 5,074 6,113 7,189 7,055 7,426 9,653 11,575 Mf repurchases and charges 0 35 302 0 0 0 0 0 1 5 121 Short-term debt (interest only) .. 328 650 834 328 692 1,543 2,107 2,110 1,564 2. AGGREGATE NrEf R F-SOL'RCE FLOWS AND NEr' TRANSFERS (LONG-TERMI I NET RESOURCE FLOWS 139 2,087 4,691 4,175 8,226 4,863 10,630 14,220 9,615 8,987 Net flow of long-term debt (ex. JvMF 90 1,822 1,605 1,897 3,204 3,930 6,309 10,237 6,096 -364 Foreign direct investment (net) 43 190 2,444 2,113 1,804 1,366 2,068 2,336 3,746 6,941 Portfolio equity flows 0 0 449 4 3,117 -538 2,154 1,551 -308 2,341 Grants (excluding technical coop.) 6 75 193 161 100 105 99 96 8 1 68 Memo: technical coop. grants 49 103 231 257 265 244 267 230 217 199 official net resource flows 27 623 292 -122 687 431 591 519 6,010 1,162 private net resource flows III 1,464 4,399 4,297 7,538 4,432 10,040 13,702 3,606 7,825 NET TRANSFERS 87 1,576 3,020 1,948 5,946 2,375 7,501 10,598 5,596 4,651 Interest on long-term debt 33 473 1,359 1,877 1,859 2,023 2,649 3,113 3,470 3,756 Profit remiittances on FDI 19 38 312 350 420 465 480 510 550 580 Memo: official net transfers 13 506 -151 -559 235 -55 70 27 5,570 363 private net transfers 74 1,070 3,170 2,507 5,712 2,430 7,431 10,571 26 4,287 3. %IAJOR ECONONUC AGGREGArES Gross national product (GNP) 7,096 32,091 84,272 108,975 122,790 141,500 164,619 176,593 149,257 112,720 Exports of goods & services (XGS) .. 8,575 31,289 42,919 49,596 58,679 74,093 75,385 76,157 69,227 of which workers remiittances ..0 0 0 0 0 . Imports of goods & services (MGS) .. 10,861 38,783 49,868 56,709 67,892 88,133 90,836 79,660 55,400 Intemnational reserves (RES) 911 3,026 14,258 21,183 25,439 30,280 36,939 38,645 26,897 29,537 Cuffent account balance .. -2,076 -7,281 -6,303 -6,364 -8,085 -13,554 -14,691 -3,024 14,241 4. DEBT INDICATORS EDT /XGS(% . 96.8 90.0 97.5 106.3 111.8 112.2 120.4 123.1 124.5 EDT /GNP(% . 25.9 33.4 38.4 42.9 46.4 50.5 51.4 62.8 76.5 TDS /XGS(% . 18.9 16.9 13.8 13.0 13.4 11.6 12.7 15.5 19.2 INT / XGS (% . 9.5 6.5 6.3 4.4 4.6 5.7 6.9 7.4 7.9 INT /GNP(% . 2.5 2.4 2.5 1.8 1.9 2.6 3.0 3.8 4.8 RES / EDT (% . 36.5 50.6 50.6 48.3 46.2 44.5 42.6 28.7 34.3 RES /MGS (months) .. 3.3 4.4 5.1 5.4 5.4 5.0 5.1 4.1 6.4 Short-term /EDT (%) .. 27.8 29.6 35.2 42.9 44.5 49.5 41.4 37.2 27.3 Concessional /EDT (% . 10.0 15.2 12.0 11.2 10.3 8.6 7.6 7.0 8.8 Multilateral /EDT (%) .. 12.0 13.2 7.0 5.8 4.8 3.9 3.3 3.8 5.3 539 THAILAND (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 S. LONG-TERM DEBT DEBT OUTSTANDING (LDOD) 726 5,646 19,842 27,138 30,083 36,418 41,998 53,164 56,466 59,410 Public and publicly guaranteed 324 3,943 12,531 13,363 14,776 16,266 16,881 16,929 22,324 28,113 Official creditors 291 2,168 8,288 8,384 9,534 10,807 11,189 10,555 15,419 18,200 Multilateral 164 992 3,721 2,925 3,040 3,121 3,208 2,980 3,591 4,603 Concessional 0 42 253 257 273 285 293 275 256 247 Bilateral 127 1,175 4,567 5,459 6,495 7,687 7,981 7,575 11,828 13,597 Concessional 93 787 4,034 4,772 5,604 6,448 6,845 6,664 6,330 7,325 Private creditors 33 1,776 4,243 4,979 5,242 5,459 5,691 6,374 6,905 9,913 Bonds 0 148 738 880 988 1,682 1,574 1,967 2,766 3,035 Commercial banks 3 1,339 2,170 2,519 2,654 2,337 3,007 3,468 3,315 6,056 Otier private 30 289 1,334 1,579 1,600 1,440 1,110 939 824 823 Private nonguaranteed 402 1,703 7,311 13,775 15,307 20,152 25,117 36,235 34,142 31,297 Bonds 0 0 40 310 2,031 5,223 7,375 10,610 11,411 10,627 Commnercial banks 402 1,703 7,272 13,465 13,276 14,928 17,743 25,626 22,731 20,670 Memo: IBRD 159 671 2,421 1,898 1,925 1,782 1,805 1,607 1,728 2,111 IDA 0 32 109 106 105 103 102 100 98 96 DISBURSEMENTS 220 2,604 4,588 5,094 7,458 9,096 10,715 14,550 12,280 7,456 Public and publicly guaranteed 51 1,315 1,296 1,612 2,104 2,117 2,759 2,600 8,080 4,956 Official creditors 38 622 887 759 1,193 1,190 1,417 1,354 6,576 1,824 Multilateral 21 236 263 283 334 331 358 284 1,062 1,143 Concessional 0 7 2 25 26 16 17 0 0 0 Bilateral 18 386 624 476 859 859 1,060 1,070 5,514 681 Concessional 11 179 504 376 590 487 1,043 995 664 674 Private creditors 13 694 410 853 911 926 1,341 1,246 1,504 3,132 Bonds 0 44 0 300 244 690 242 514 1,055 300 Commercial banks 0 606 110 321 588 230 1,094 721 428 2,831 Other private 1 3 44 299 232 79 7 5 11 21 1 Private nonguaranteed 169 1,288 3,292 3,483 5,354 6,979 7,956 11,950 4,200 2,500 Bonds 0 0 0 259 1,723 3,165 2,080 3,370 1,264 0 Commercial banks 169 1,288 3,292 3,223 3,631 3,814 5,876 8,580 2,936 2,500 Memo: IBRD 19 145 174 177 169 128 146 138 443 498 IDA 0 5 0 0 0 0 0 0 0 0 PRINCIPAL REPAYMENTS 131 782 2,984 3,198 4,253 5,166 4,405 4,313 6,184 7,820 Public and publicly guaranteed 23 172 2,393 1,390 1,438 1,893 1,896 1,323 1,157 1,038 Official creditors 17 73 788 1,042 606 865 926 932 647 730 Multilateral 9 35 439 819 304 499 360 276 264 264 Concessional 0 0 8 10 11 11 11 12 11 14 Bilateral 8 38 349 223 302 366 566 656 383 466 Concessional 5 13 102 174 234 288 447 411 282 373 Private creditors 6 99 1,605 348 832 1,028 970 391 510 308 Bonds 0 0 87 11 132 49 199 86 220 72 Commercial banks 0 52 1,324 190 545 681 429 210 234 144 Other private 6 47 194 147 155 299 341 95 56 91 Private nonguaranteed 107 610 591 1,808 2,815 3,273 2,510 2,991 5,027 6,782 Bonds 0 0 0 0 0 0 0 25 373 859 Commercial banks 107 610 591 1,808 2,815 3,273 2,510 2,966 4,653 5,923 Memo: IBRD 9 26 207 645 189 415 201 196 192 179 IDA 0 0 1 1 1 2 2 2 2 2 NET FLOWS ON DEBT 90 1,822 1,605 1,897 3,204 3,930 6,309 10,237 6,096 -364 Public and publicly guaranteed 28 1,143 -1,097 222 666 224 863 1,278 6,923 3,918 Official creditors 21 548 98 -283 587 326 492 422 5,929 1,094 Multilateral 12 200 -176 -536 30 -168 -2 9 798 879 Concessional 0 7 -7 15 15 5 6 -12 -11 -14 Bilateral 10 348 275 253 557 494 494 414 5,131 215 Concessional 6 166 402 202 357 199 596 584 382 301 Private creditors 7 595 -1,195 505 79 -102 371 855 994 2,824 Bonds 0 44 -87 289 112 641 43 429 835 228 Commercial banks 0 555 -1,214 131 44 -451 664 511 194 2,687 Other private 7 -3 105 85 -76 -292 -336 -84 -35 -91 Private nonguaranteed 62 678 2,702 1,675 2,538 3,706 5,446 8,959 -827 -4,282 Bonds 0 0 0 259 1,723 3,165 2,080 3,345 891 -859 Commnercial banks 62 678 2,702 1,416 815 542 3,366 5,614 -1,717 -3,423 Memo: IBRD 10 120 -34 -469 -20 -287 -56 -59 251 319 IDA 0 4 -1 -1 -1 -2 -2 -2 -2 -2 540 THAILAND (US$ million, unless otherwise indicated) 1970 1980) 1990 1992 1993 1994 1995 1996 1997 1998 INTEREST PAYMENTS (LINT) 33 473 1,359 1,877 1,859 2,023 2,649 3,113 3,470 3,756 Public and publicly guaranteed 16 269 878 707 724 769 877 877 855 1,255 Official creditors 14 117 442 437 452 485 521 492 440 799 Multilateral 9 7 5 284 239 225 217 219 206 190 248 Concessional 0 1 5 5 5 6 9 7 5 7 Bilateral 5 4 1 158 198 227 268 302 287 250 550 Concessional 3 1 ) 110 154 178 206 224 210 197 192 Private creditors 2 15 1 436 270 271 283 356 384 415 457 Bonds 0 ) 46 45 55 53 97 III 160 179 Commercial banks 0 11 7 230 137 128 135 193 227 216 238 Other private 2 2,5 160 88 89 95 67 46 40 39 Private nonguaranteed 17 204 481 1,170 1,136 1,254 1,772 2,236 2,615 2,501 Bonds 0 1) 2 2 1 1 67 222 579 560 587 Commercial banks 17 204 479 1,168 1,124 1,188 1,550 1,657 2,054 1,914 Memo: IBRD 9 53 189 169 158 144 135 122 104 122 IDA 0 I1 1 1 1 1 1 1 1 NET TRANSFERS ON DEBT 57 1,3490 246 20 1,345 1,907 3,660 7,124 2,627 -4,120 Public and publicly guaranteed 12 87! -1,975 -485 -58 -545 -14 401 6,068 2,663 Official creditors 7 43i -344 -719 135 -160 -29 -70 5,489 295 Multilateral 2 12'; -460 -775 -196 -386 -221 -197 608 631 Concessional 0 6 -12 9 10 -1 -3 -19 -17 -20 Bilateral 5 306i 116 56 330 226 192 128 4,881 -335 Concessional 3 148 292 48 179 -8 372 375 185 109 Private creditors 5 444 -1.631 235 -192 -385 15 471 579 2,368 Bonds o 35 -133 244 57 588 -54 318 675 48 Commercial banks -1 438 -1,444 -6 -84 -586 471 284 -22 2,449 Other private 5 -29 -55 -4 -165 -387 -402 -130 -74 -130 Private nonguaranteed 45 475 2,221 505 1,403 2,452 3,674 6,723 -3,441 -6,783 Bonds o -2 257 1,712 3,098 1,859 2,766 330 -1,446 Commercial banks 45 475 2,223 248 -309 -646 1,816 3,957 -3,772 -5,337 Memo: IBRD 1 66, -222 -637 -178 -431 -190 -180 147 197 IDA 0 4 -2 -2 -2 -3 -3 -3 -3 -3 DEBT SERVICE (LTDS) 164 1,254 4,343 5,074 6,113 7,189 7,055 7,426 9,653 11,575 Public and publicly guaranteed 39 441 3,271 2,096 2,162 2,662 2,773 2,199 2,012 2,293 Official creditors 3 1 191 1,230 1,478 1,059 1,350 1,447 1,424 1,087 1,529 Multilateral 1 8 ill 723 1,058 529 717 579 482 454 512 Concessional 0 1 13 15 16 18 20 19 17 20 Bilateral 1 3 80 508 420 529 634 868 942 633 1,017 Concessional 8 32 212 328 411 495 671 620 479 564 Private creditors 8 250 2,041 618 1,103 1,311 1,326 775 925 764 Bonds o 9 133 56 186 102 296 197 380 252 Commercial banks 1 168 1,554 327 673 816 623 437 450 382 Other private 7 73 354 235 244 394 407 141 96 131 Private nonguaranteed 124 814 1,071 2,978 3,951 4,527 4,282 5,227 7,641 9,283 Bonds a 0 2 2 1 1 67 222 604 934 1,446 Commercial banks 124 814 1,070 2,976 3,940 4,460 4,060 4,623 6,707 7,837 Memo: IBRD 1 8 79 396 814 347 559 336 318 296 301 IDA 0 1 2 2 2 3 3 3 3 3 UNDISBURSED DEBT 156 3,023 3,637 4,758 6,575 8,318 7,956 7,264 7,501 9,258 Officsal creditors 145 2,658 2,936 3,350 5,185 6,494 5,752 5,424 5,672 7,377 Private creditors I11 364 701 1,408 1,390 1,824 2,204 1,840 1,829 1,882 Memorandum items Concessional LDOD 93 829 4,286 5,029 5,877 6,733 7,138 6,939 6,586 7,572 Variable rate LDOD 402 2,903 10,248 16,524 18,052 22,824 27,857 39,467 38,255 40,154 Public sector LDOD 312 3,943 12,531 13,363 14,776 16,266 16,881 16,929 22,324 28,113 Private sector LDOD 414 1,703 7,311 13,775 15,307 20,152 25,117 36,235 34,142 31,297 6. CLURRENCY' CONIPOSITION OF LONG-TERM DEBT (PERCENT) Deutscnie mark 17.6 4.7 3.6 3.8 2.3 2.3 2.4 2.1 1.4 1.3 French franc 0.0 1.8 1.0 1.3 1.2 1.2 1.2 1.1 0.8 0.6 Japanese yen 6.0 25.3 42.9 47.0 49.9 50.8 47.9 44.7 38.8 40.0 Pound sterling 2.4 0.2 0.4 0.3 0.2 0.2 0.2 0.1 0.1 0.1 Swiss franc o.o 0.1 5.7 4.2 3.6 2.9 0.9 0.6 0.1 0.1 U.S.dollars 21.6 41.0 15.8 21.7 21.6 22.8 27.1 32.4 47.0 49.0 Multiple currency 50.7 24.3 28.1 19.7 19.7 18.5 19.2 17.7 10.8 8.0 Special drawing rights 0.0 0.0 0.2 0.2 0.2 0.2 0.1 0.1 0.1 0.1 All other currencies 1.7 2.6 2.3 1.8 1.3 1.1 1.0 1.2 0.9 0.8 541 THAILAND (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 7. DEBT RESTRLICTU RINGS Total amount rescheduled ..0 0 0 0 0 0 0 0 Debt stock rescheduled ...0 0 0 0 0 0 0 0 Principal rescheduled ..0 0 0 0 0 0 0 0 Official 0 0 0 0 0 0 0 0 Private 0 0 0 0 0 0 0 0 Interest rescheduled 0 0 0 0 0 0 0 0 Official 0 0 0 0 0 0 0 0 Private 0 0 0 0 0 0 0 0 Debt forgiven 0 0 0 0 0 0 0 6 Memo: interest forgiven ..0 0 0 0 0 0 0 0 Debt stock reduction 0 0 0 0 0 0 0 0 of which debt buyback 0 0 0 0 0 0 0 0 8. DEBT STOCK-FLOW RECONCILIATION Total change in debt stocks -- 4,628 4,092 10,853 12,879 17,496 7,685 2,953 -7,559 Net flows on debt 365 1,808 3,534 4,132 11,112 10,474 18,226 6,755 5,796 -10,998 Net change in interest arrears 0 0 0 0 0 0 0 0 Interest capitalized 0 0 0 0 0 0 0 0 Debt forgiveness or reduction 0 0 0 0 0 0 0 -6 Cross-currency valuation 728 -328 791 1,124 -158 -1,117 -1,182 1,478 Residual ... 366 289 -1,049 1,281 -571 2,047 -1,661 1,967 9. AVERAGE TERMS OF NEW COMMITMENTS ALL CREDITORS Interest (%) 6.8 9.5 4.8 6.6 4.7 4.8 5.4 4.6 6.0 5.0 Maturity (years) 19.2 16.8 22.1 18.9 19.7 17.0 14.8 17.9 12.4 12.7 Grace period (years) 4.3 5.3 7.2 5.7 5.3 5.1 5.2 5.9 5.9 3.8 Grant element (%) 19.6 6.6 38.2 19.7 35.4 31.4 27.1 34.9 22.1 24.8 Official creditors Interest (%) 6.8 7.1 4.4 6.0 4.1 4.3 4.4 4.0 5.9 3.9 Maturity (years) 19.6 21.4 25.6 20.5 22.4 20.0 23.5 23.0 12.7 17.9 Grace period (years) 4.4 5.9 7.8 5.6 5.8 5.1 6.4 6.2 5.6 5.1 Grant element (%) 19.7 20.6 43.3 27.0 41.6 37.4 40.9 43.7 22.8 36.5 Private creditors Interest (%) 6.0 13.8 5.8 7.1 6.5 5.7 6.1 5.9 6.6 6.3 Maturity (years) 11.5 8.7 14.7 17.5 11.1 12.5 8.9 8.5 10.9 6.8 Grace period (years) 3.0 4.1 5.9 5.9 3.7 5.2 4.3 5.4 6.9 2.2 Grant element (%) 18.6 -18.3 27.5 13.2 15.6 22.1 17.6 18.7 18.5 11.7 Memorandum items Commitments 106 1,877 1,755 3,210 3,702 3,471 2,930 2,529 8,941 7,085 Official creditors 100 1,199 1,196 1,499 2,815 2,096 1,190 1,639 7,445 3,751 Private creditors 6 678 560 1,711 887 1,375 1,740 890 1,496 3,334 10. CONTRACYUAL OBLIGATIONS ON OUTSTANDING LONG-TERMI DEBT 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 TOTAL Disbursements 3,218 2,496 1.539 813 408 217 ill 6 0 0 Principal 9,397 7,101 7,336 5,568 6,281 5,061 5,539 4,202 3,206 2,288 Interest 3,171 2,860 2,486 2,071 1,831 1,436 1,146 887 716 558 Official creditors Disbursements 2,181 2,200 1,442 811 408 217 ill 6 0 0 Principal 737 879 1,203 1,518 2,354 3,155 3,148 1,177 1,172 1,443 Interest 961 1,005 1,022 1,000 948 797 615 467 414 363 Bilateral creditors Disbursements 1,520 1,495 939 569 306 150 69 0 0 0 Principal 427 572 797 1,014 1,850 2,679 2,682 712 707 674 Interest 625 647 652 641 615 492 339 220 199 178 Multilateral creditors Disbursements 661 705 504 242 102 67 42 6 0 0 Principal 310 307 406 504 504 476 466 466 465 770 Interest 337 359 370 360 334 305 276 246 216 185 Private creditors Disbursements 1,036 296 97 2 1 0 0 0 0 0 Principal 8,660 6,222 6,133 4,050 3,927 1,906 2,391 3,025 2,034 845 Interest 2,210 1,854 1,464 1,070 882 640 530 420 302 195 Commercial banks Disbursements 732 295 97 1 1 0 0 0 0 0 Principal 1,211 1,132 1,047 1,018 792 595 402 232 214 213 Interest 346 338 277 214 152 110 75 55 42 29 Other private Disbursements 304 1 0 0 0 0 0 0 0 0 Principal 7,449 5,090 5,087 3,033 3,135 1,311 1,989 2,792 1,820 632 Interest 1,864 1,517 1,188 856 731 529 456 366 261 166 542 TOGO (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 1. SU'MMARI DEBT DATA TOTAL DEBT STOCKS (EDT) 1,049 1,275 1,339 1,278 1,444 1,464 1,472 1,327 1,448 Long-term debt (LDOD) 40 89( 1,075 1,122 1,112 1,218 1,274 1,294 1,195 1,302 Public and publicly guaranteed 40 89(; 1,075 1,122 1,112 1,218 1,274 1,294 1,195 1,302 Private nonguaranteed 0 00 0 0 0 0 0 0 0 Use of IMF credit 0 31' 87 77 69 82 105 90 88 95 Short-term debt 12(1 113 141 97 145 85 88 44 52 of which interest arrears on LDOD 1,. 1 32 51 85 27 27 3 14 Official creditors 71 24 41 73 13 3 3 14 Private creditors 0 8 10 12 14 24 0 0 Memo: principal arrears on LDOD 3'. 3 20 54 112 64 59 2 13 Official creditors 1'. 2 10 33 79 18 9 2 13 Private creditors 19 1 10 21 34 46 50 0 0 Memo: export credits (I 351 345 277 282 299 285 277 406 TOTAL DEBT FLOWS Disbursements 5 119 104 55 17 55 59 97 69 80 Long-ter-m debt 5 97i 83 44 17 40 26 97 54 65 IMF purchases 0 2- 21 11 0 16 33 0 15 1 5 Principal repayments 2 19 43 19 14 13 18 32 40 28 Long-term debt 2 19 27 9 6 6 7 20 28 17 IMF repurchases 0 0 16 10 8 7 11 12 12 12 Net flows on debt 3 10t1 10 27 -60 56 39 68 9 49 of which short-term debt 7 -51 -8 -62 13 -2 3 -20 -3 Interest payments (INT) 3d 43 17 12 10 11 26 16 12 Long-term debt 1 1S) 33 10 7 6 8 23 1 3 10 lIMFcharges 0 0 4 2 1 0 1 1 0 1 Short-term debt .. 14. 6 5 4 4 3 2 2 2 Net transfers on debt .. 74 -33 11 -72 46 27 42 -7 37 Total debt service paid (TDS) .. 52 86 36 27 23 29 58 56 40 Long-term debt 2 3~~ 60 19 1 3 12 14 44 42 26 vIMFrepurchases and charges 0 020 1 2 10 7 1 2 1 2 1 2 1 2 Short-term debt (interest only) .. 14 6 5 4 4 3 2 2 2 2. AGGRLEGATE NET RESOURCE FLO~S AND NEr TRANSFERS (LONG-TERNI NET RESOURCE FLOWS 11 136 176 141 66 107 141 147 83 112 Net flow of long-term debt (ex. IMF) 3 78 56 35 1 1 34 19 77 25 48 Foreign direct investment (net) 1 42 0 0 0 0 0 0 0 0 Porffolio equity flows 0 0 0 0 0 0 0 0 0 0 Grants (excluding technical coop.) 7 15 120 107 55 73 123 70 58 63 Memo: technical coop. grants 8 29 61 53 37 23 32 29 27 27 official net resource flows I11 53 176 141 66 107 141 147 89 112 private net resource flows 0 83 0 0 0 0 0 0 -6 0 NET TRANSFERS 5 116 131 118 50 95 129 117 64 98 Interest on long-termn debt 1 19 33 10 7 6 8 23 13 10 Profit remittances on FDI 6 0 12 14 9 6 5 7 6 4 Memo: official net transfers 10 41 148 131 59 101 134 124 76 102 private net transfers -6 75 -17 -14 -9 -6 -5 -7 -12 -4 3. N'IAJOR ECONONMIC AGGREGATES Gross national product (GNP) 248 1,096 1,598 1,665 1,207 931 1,265 1,442 1,478 1,487 Exports of goods & services (XGS) .. 580 723 597 361 434 626 674 721 706 of which workers remnittances .. 10 27 16 9 15... Imports of goods & services (MGS) .. 752 912 809 566 512 723 834 842 830 Intemnational reserves (RES) 35 85 358 277 161 99 135 93 122 118 Cur-rent account balance .. -95 -84 -139 -174 -63... 4. DEBT INDICATORS EDT /XGS(% . 180.8 176.4 224.5 354.4 332.5 233.9 218.4 184.1 205.1 EDT /GNP(% . 95.7 79.8 80.4 105.9 155.1 115.7 102.1 89.8 97.4 TDS /XGS(% . 9.0 11.9 6.1 7.4 5.3 4.7 8.6 7.8 5.7 INT/XGS (% . 5.8 6.0 2.8 3.4 2.3 1.8 3.9 2.2 1.7 INT/GNP(% . 3.1 2.7 1.0 1.0 1.1 0.9 1.8 1.1 0.8 RES/EDT(% . 8.1 28.1 20.7 12.6 6.9 9.2 6.3 9.2 8.1 RES /MGS (months) .. 1.4 4.7 4.1 3.4 2.3 2.2 1.3 1.7 1.7 Short-term /EDT (%) .. 11.5 8.9 10.5 7.6 10.0 5.8 6.0 3.3 3.6 Concessional /EDT(% . 23.3 54.9 58.8 62.2 60.9 61.5 64.9 71.1 71.0 Multilateral / EDT (%) .. 11.0 43.9 45.7 48.3 46.9 48.7 50.3 54.0 55.2 543 TOGO (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 5. LONG-TERNI DEBT DEBT OUTSTANDING (LDOD) 40 896 1,075 1,122 1,112 1,218 1,274 1,294 1,195 1,302 Public and publicly guaranteed 40 896 1,075 1,122 1,112 1,218 1,274 1,294 1,195 1,302 Official creditors 32 481 1,023 1,071 1,063 1,167 1,223 1,244 1,195 1,302 Multilateral 2 116 560 611 617 677 713 740 717 799 Concessional 2 90 516 577 584 646 681 718 703 775 Bilateral 30 365 463 460 445 490 510 504 479 503 Concessional 30 155 183 211 211 234 220 237 240 253 Private creditors 8 415 52 51 50 51 52 50 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 96 51 49 48 50 52 50 0 0 Other private 8 319 1 1 1 1 0 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 0 0 Memo: IBRD 0 4 5 0 0 0 0 0 0 0 IDA 2 43 393 460 469 513 541 576 561 620 DISBURSEMENTS 5 97 83 44 17 40 26 97 54 65 Public and publicly guaranteed 5 97 83 44 17 40 26 97 54 65 Official creditors 4 47 83 44 17 40 26 97 54 65 Multilateral 1 35 45 38 16 39 26 72 35 63 Concessional 1 30 44 37 13 39 26 70 35 52 Bilateral 3 12 38 6 1 1 0 25 19 2 Concessional 3 5 38 6 1 1 0 25 19 2 Private creditors 0 50 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Comimercial banks 0 2 0 0 0 0 0 0 0 0 Other private 0 47 0 0 0 0 0 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Comimercial banks 0 0 0 0 0 0 0 0 0 0 Memo: IBRD 0 0 0 0 0 0 0 0 0 0 IDA 1 13 31 32 9 28 20 56 17 44 PRINCIPAL REPAYMENTS 2 19 27 9 6 6 7 20 28 17 Public and publicly guaranteed 2 19 27 9 6 6 7 20 28 17 Official creditors 1 10 27 9 6 6 7 20 22 17 Multilateral 0 0 17 8 6 6 6 17 16 9 Concessional 0 0 5 3 4 4 6 12 9 8 Bilateral 1 9 10 2 0 0 1 4 6 7 Concessional 1 1 1 2 0 0 1 3 4 6 Private creditors 1 9 0 0 0 0 0 0 6 0 Bonds 0 0 0 0 0 0 0 0 0 0 Comimercial banks 0 4 0 0 0 0 0 0 6 0 Other private 1 4 0 0 0 0 0 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Comimercial banks 0 0 0 0 0 0 0 0 0 0 Memo: IBRD 0 0 8 0 0 0 0 0 0 0 IDA 0 0 1 1 2 3 3 4 4 5 NET FLOWS ON DEBT 3 78 56 35 11 34 19 77 25 48 Public and publicly guaranteed 3 78 56 35 11 34 19 77 25 48 Official creditors 3 38 56 35 11 34 19 77 32 48 Multilateral 1 35 28 31 10 33 20 55 19 54 Concessional 1 30 39 34 10 35 20 58 26 45 Bilateral 2 3 28 4 1 1 -1 21 12 -6 Concessional 2 4 37 4 1 1 -1 22 14 -4 Private creditors -1 41 0 0 0 0 0 0 -6 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 -2 0 0 0 0 0 0 -6 0 Other private -1 43 0 0 0 0 0 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Coimiercial banks 0 0 0 0 0 0 0 0 0 0 Memo: IBRD 0 0 -8 0 0 0 0 0 0 0 IDA 1 13 30 31 7 25 17 52 13 39 544 TOGO (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 INTEREST PAYMENTS (LINT) 1 I1) 33 10 7 6 8 23 13 10 Public and publicly guaranteed 1 1 ) 33 10 7 6 8 23 13 10 Official creditors 1 112 28 10 7 6 8 23 13 10 Multilateral 0 1 8 7 6 6 5 8 7 5 Concessional 0 1 4 5 5 5 4 7 6 5 Bilateral 1 20 3 1 0 3 15 6 5 Concessional 1 ')4 2 1 0 1 6 2 3 Private creditors 0 3 5 0 0 0 0 0 0 0 Bonds 0 I) 0 0 0 0 0 0 0 0 Commercial banks 0 1 5 0 0 0 0 0 0 0 Other private 0 1)0 0 0 0 0 0 0 0 Private nonguaranteed 0 (10 0 0 0 0 0 0 0 Bonds 0 0) 0 0 0 0 0 0 0 0 Commnercial banks 0 4) 0 0 0 0 0 0 0 0 Memo: IBRD 0 0) 1 0 0 0 0 0 0 0 IDA 0 03 3 4 4 4 5 4 3 NET TRANSFERS ON DEBT 2 59 23 25 4 28 11 53 12 39 Public and publicly guaranteed 2 59) 23 25 4 28 11 53 12 39 Official creditors 3 26 28 25 4 28 1 1 53 1 8 39 Multilateral 1 3:1 20 24 4 27 15 47 12 49 Concessional 1 29 35 29 5 30 16 5 1 20 40 Bilateral 2 -' 7 1 0 1 -4 6 6 -11 Concessional 2 333 2 0 1 -2 17 12 -7 Private creditors -1 33 -5 0 0 0 0 0 -6 0 Bonds 0 4)0 0 0 0 0 0 0 0 Commercial banks 0 -10 -5 0 0 0 0 0 -6 0 Other private -1 4:1 0 0 0 0 0 0 0 0 Private nonguaranteed 0 0) 0 0 0 0 0 0 0 0 Bonds 0 1)0 0 0 0 0 0 0 0 Cotnimercial banks 0 1)0 0 0 0 0 0 0 0 Memo: IBRD 0 11-9 0 0 0 0 0 0 0 IDA 1 1-, 28 29 3 21 14 47 9 36 DEBT SERVICE (LTDS) 2 3)1 60 19 13 12 14 44 42 26 Public and publicly guaranteed 2 3)1 60 19 13 12 14 44 42 26 Official creditors 2 21 55 19 13 12 14 44 36 26 Multilateral 0 3 25 14 12 12 1 1 25 23 14 Concessional 0 1 9 8 9 9 10 19 15 12 Bilateral 2 19 30 5 1 0 4 19 12 12 Concessional 2 21 5 4 1 0 2 8 7 9 Private creditors 1 16 5 0 0 0 0 0 6 0 Bonds 0 00 0 0 0 0 0 0 0 Commercial baniks 0 12. 5 0 0 0 0 0 6 0 Other private 1 5 0 0 0 0 0 0 0 0 Private nonguaranteed 0 0) 0 0 0 0 0 0 0 0 Bonds 0 0I 0 0 0 0 0 0 0 0 Commercial banks 0 Ii0 0 0 0 0 0 0 0 Memo: IBRD 0 (19 0 0 0 0 0 0 0 IDA 0 (14 4 6 7 6 9 8 9 UNDISBURSED DEBT 7 155 277 208 190 138 156 172 207 203 Official creditors 6 152 277 208 190 138 156 172 207 203 Private creditors 1 3 0 0 0 0 0 0 0 0 Memorandum items Concessional LDOD 3 1 245 699 788 795 880 901 955 943 1,028 Variable rate LDOD 0 108 37 37 37 37 129 139 120 136 Public sector LDOD 36 895 1,075 1,122 1,112 1,218 1,274 1,294 1,195 1,302 Private sector LDOD 3 1 0 0 0 0 0 0 0 0 6. CLURRENCY ( OmPOSiTION OF LONG-TERM DEBTr iPERCENTi Deutsche mark 62.4 17.6 2.0 1.9 1.9 1.9 1.9 1.7 1.4 1.4 French franc 7.8 24.2 12.9 13.3 13.0 13.1 9.1 8.7 7.5 7.6 Japanese yen 0.0 0.0 3.0 3.1 3.5 3.6 3.4 4.7 5.8 6.0 Pound sterling 0.0 5.9 1.9 1.7 1.7 1.6 1.7 1.7 1.7 1.7 Swiss franc 0.0 10.3 10.3 8.8 9.0 9.3 11.0 9.6 9.7 8.8 U.S.dollars 15.3 19.6 44.4 47.6 47.9 47.3 47.8 49.8 50.2 50.8 Multiple currency 0.0 2.3 7.6 7.0 7.0 7.3 7.5 7.2 7.2 7.2 Special drawing rights 0.0 0.0 1.0 1.0 1.1 1.0 1.0 1.1 1.1 1.1 All other currencies 14.5 20.1 16.9 15.6 14.9 14.9 16.6 15.5 15.4 15.4 545 TOGO (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 7. DEBTr RESTRLTCTUiRING.S Total amount rescheduled 79 40 12 0 133 3 1 30 19 Debt stock rescheduled 0 0 0 0 1 0 0 0 Principal rescheduled 66 26 1 1 0 64 1 1 1 5 7 Official .. 66 26 1 1 0 63 1 1 1 5 7 Private 0 0 0 0 1 0 0 0 Interest rescheduled 1 2 10 I 0 63 1 6 1 5 7 Official 1 2 10 1 0 63 16 1 5 7 Private 0 0 0 0 0 0 0 0 Debt forgiven 1 8 3 3 0 85 5 4 1 1 Memo: interest forgiven 0 3 0 0 23 3 35 1 Debt stock reduction 0 0 0 0 0 0 49 0 of which debt buyback 0 0 0 0 0 0 6 0 8. DEBT STOCK-FLOW RECONCILLUTION Total change in debt stocks 98 -2 -61 166 20 9 -145 121 Net flows on debt 3 108 10 27 -60 56 39 68 9 49 Net change in interest arrears 1 1 6 1 9 34 -58 0 -24 1 1 Interest capitalized 1 2 1 0 1 0 63 1 6 15 7 Debt forgiveness or reduction -18 -3 -3 0 -85 -5 -47 -11 Cross-currency valuation .. 70 -34 -18 56 45 -44 -50 36 Residual 25 -19 -1 21 16 -27 -48 30 9. AVEFRAGE TERMIS OF NEW COMMITMENTS ALL CREDITORS Interest (%) 4.6 4.0 0.8 0.8 0.0 0.0 0.7 1.0 1.0 2.5 Maturity (years) 16.8 24.5 41.4 49.0 0.0 0.0 39.3 33.3 38.8 29.9 Grace period (years) 4.4 7.4 10.3 10.0 0.0 0.0 9.8 8.9 9.6 7.6 Grant element (%) 32.8 46.5 80.5 82.9 0.0 0.0 80.0 72.9 76.8 59.5 Ofricial creditors Interest (%) 3.5 3.2 0.8 0.8 0.0 0.0 0.7 1.0 1.0 2.5 Maturity (years) 21.3 26.7 41.4 49.0 0.0 0.0 39.3 33.3 38.8 29.9 Grace period (years) 5.4 8.0 10.3 10.0 0.0 0.0 9.8 8.9 9.6 7.6 Grant element (%) 42.6 52.6 80.5 82.9 0.0 0.0 80.0 72.9 76.8 59.5 Private creditors Interest (%) 7.6 10.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Maturity (years) 4.2 6.9 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Grace period (years) 1.6 2.7 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Grant element (%) 5.5 -1.3 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memorandum items Commnitments 3 97 105 54 0 0 63 119 102 55 Official creditors 2 86 105 54 0 0 63 119 102 55 Private creditors 1 1 1 0 0 0 0 0 0 0 0 10. CONTRACTUIAL OBLIGATIONS ON OUTSTANDING LONG-TERMI DEBT 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 TOTAL Disbursements 43 50 39 28 17 9 5 1 0 0 Principal 45 46 46 47 47 46 38 38 41 44 Interest 34 33 32 30 28 27 25 24 23 22 Official creditors Disbursements 43 50 39 28 17 9 5 1 0 0 Principal 45 46 46 47 47 46 3 8 3 8 4 1 44 Interest 34 33 3 2 30 28 27 25 24 23 22 Bilateral creditors Disbursements 5 5 3 2 1 1 0 0 0 0 Principal 29 30 29 30 29 25 16 14 16 16 Interest 27 26 24 22 21 19 17 17 16 15 Multilateral creditors Disbursements 38 45 35 26 16 9 5 0 0 0 Principal 16 15 16 17 1 8 21 22 24 25 28 Interest 7 8 8 8 8 8 8 7 7 7 Private creditors Disbursements 0 0 0 0 0 0 0 0 0 0 Principal 0 0 0 0 0 0 0 0 0 0 Interest 0 0 0 0 0 0 0 0 0 0 Commercial banks Disbursements 0 0 0 0 0 0 0 0 0 0 Principal 0 0 0 0 0 0 0 0 0 0 Interest 0 0 0 0 0 0 0 0 0 0 Other private Disbursements 0 0 0 0 0 0 0 0 0 0 Principal 0 0 0 0 0 0 0 0 0 0 Interest 0 0 0 0 0 0 0 0 0 0 546 TONGA (US$ million, unless otherwise indicated) 1970 1986 1990 1992 1993 1994 1995 1996 1997 1998 I. SUNrtNIARI'DEBT DATA TOTAL DEBT STOCKS (EDT) ... 53.7 43.5 44.2 64.4 70.1 69.6 61.2 64.7 Long-term debt (LDOD) .. 44.5 42.6 43.7 63.4 68.7 68.3 60.2 64.1 Public and publicly guaranteed ... 44.5 42.6 43.7 63.4 68.7 68.3 60.2 64.1 Private nonguaranteed ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Use of IMF credit 0.0 0.41 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Short-term debt ... 9.2 0.8 0.6 1.0 1.3 1.3 1.0 0.6 of which interest arrears on LDOD ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Official creditors ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private creditors ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: principal arrears on LDOD ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Official creditors ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private creditors .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: export credits .. 1.0 1.0 1.0 8.0 1.0 1.0 1.0 0.0 TOTAL DEBT FLOWS Disbursements . , 3.3 2.2 3.3 7.7 6.2 5.4 2.6 5.2 Long-term debt .. 3.3 2.2 3.3 7.7 6.2 5.4 2.6 5.2 IMF purchases 0.0 0.(0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal repayments . . 1.0 1.0 1.2 2.1 2.4 3.3 4.5 3.7 Long-term debt ... 1.0 1.0 1.2 2.1 2.4 3.3 4.5 3.7 RAF repurchases 0.0 0ti 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Net flows on debt .. 10.4 1.3 1.9 6.0 4.1 2.1 -2.2 1.1 of which short-term debt ... 8.2 0.1 -0.3 0.4 0.3 0.0 -0.3 -0.4 Interest payinents (INT) . 0.9 0.6 0.6 0.6 0.8 0.8 1.3 1.1 Long-term debt ... 0.5 0.5 0.5 0.6 0.7 0.7 1.2 1.0 RAF charges 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Short-term debt ... 0.4 0.0 0.1 0.1 0.1 0.1 0.0 0.0 Net transfers on debt . . 9.5 0.7 1.3 5.3 3.3 1.3 -3.5 0.1 Total debt service paid (TDS) . . 1.9 1.6 1.7 2.7 3.2 4.1 5.8 4.7 Long-term debt ... 1.5 1.6 1.7 2.7 3.1 4.0 5.7 4.7 IMF repurchases and charges 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Short-term debt (interest only) ... 0.4 0.0 0.1 0.1 0.1 0.1 0.0 0.0 2. AGGREGATE NET RESOUiRCE FLOW%S AND NET TRA,NSFERS (LONG-TERMIl NET RESOURCE FLOWS . . 19.1 11.2 19.3 22.8 24.1 16.4 9.0 9.1 Net flow of long-ter debt (ex.IiF .... 2.2 1.2 2.2 5.6 3.8 2.1 -1.9 1.5 Foreign direct investment (net) ... 0.0 1.0 2.0 2.0 2.0 2.0 3.0 2.0 Portfolio equity flows ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Grants (excluding technical coop.) ... 16.9 9.0 15.1 15.2 18.3 12.3 8.0 5.5 Memo: technical coop. grants ... 10.9 13.8 14.4 14.0 16.3 17.5 17.0 14.0 official net resource flows ... 19.1 10.2 17.3 20.8 22.1 14.0 8.5 8.9 private net resource flows . . 0.0 1.0 2.0 2.0 2.0 2.4 0.5 0.2 NET TRANSFERS . . 18.6 10.2 18.8 22.2 23.4 15.7 7.8 8.1 Interest on long-term debt ... 0.5 0.5 0.5 0.6 0.7 0.7 1.2 1.0 Profit remrittances on FDI ... 0.0 0.5 0.0 0.0 0.0 0.0 0.0 0.0 Memo: official net transfers ... 18.6 9.7 16.8 20.2 21.4 13.3 7.9 8.3 private net transfers ... 0.0 0.5 2.0 2.0 2.0 2.4 -0. 1 -0.2 3. MAJOR ECONONUC AGGREGATES Gross national product (GNP) ... 117.3 143.5 145.6 159.5 168.1 182.1 184.4 176.4 Exports of goods & services (XGS) ... 66.5 53.2 56.4 44.2 46.2 46.9 53.2 49.4 of which workers remnittances ... 23.0 20.1 18.8... Imports of goods & services (MGS) ... 75.0 74.8 80.1 87.7 103.6 92.1 89.2 110.0 International reserves (RES) ... 31.3 31.8 37.1 35.5 28.7 30.6 27.5 28.7 Cur-rent account balance ... 5.8 -0.5 -5.9 -14.2 -26.2 -10.2 -0.4 -20.8 4. DEBT INDICATORS EDT /XGS ()... 80.8 81.7 78.4 145.8 151.7 148.5 115.0 131.1 EDT /GNP(% ... 45.8 30.3 30.4 40.4 41.7 38.2 33.2 36.7 TDS / XGS ()... 2.9 3.0 3.0 6.1 6.9 8.8 10.9 9.5 INT /XGS(% ... 1.4 1.1 1.1 1.4 1.7 1.7 2.4 2.2 INT /GNP(% ... 0.8 0.4 0.4 0.4 0.5 0.4 0.7 0.6 RES / EDT ()... 58.4 73.0 83.9 55.2 41.0 44.0 44.9 44.3 RES /MGS (months) ... 5.0 5.1 5.6 4.9 3.3 4.0 3.7 3.1 Short-term/IEDT (%) ... 17.1 1.8 1.4 1.6 1.9 1.9 1.6 0.9 Concessional / EDT ()... 72.3 86.4 86.2 73.1 75.3 76.4 80.1 84.5 Multilateral / EDT (%) ... 42.3 55.4 60.9 56.1 59.5 62.6 67.8 73.0 547 TONGA (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 5. LONG-TERMI DEBT DEBT OUTSTANDING (LDOD) ... 44.5 42.6 43.7 63.4 68.7 68.3 60.2 64.1 Public and publicly guaranteed ... 44.5 42.6 43.7 63.4 68.7 68.3 60.2 64.1 Official creditors ... 44.5 42.6 43.7 53.3 58.5 58.0 52.9 58.4 Multilateral ... 22.7 24.1 26.9 36.1 41.7 43.6 41.5 47.2 Concessional ... 18.0 19.6 21.7 30.2 36.0 38.8 37.6 43.5 Bilateral ... 21.7 18.5 16.8 17.2 16.8 14.4 11.4 11.2 Concessional ... 20.8 18.0 16.4 16.9 16.8 14.4 11.4 11.2 Private creditors ... 0.0 0.0 0.0 10.1 10.2 10.3 7.2 5.7 Bonds ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commrercial banks ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Other private ... 0.0 0.0 0.0 10.1 10.2 10.3 7.2 5.7 Private nonguaranteed . . 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 0.0 0.0 2.6 3.2 3.4 4.4 4.8 4.6 4.3 4.4 DISBURSEMENTS . . 3.3 2.2 3.3 7.7 6.2 5.4 2.6 5.2 Public and publicly guaranteed . . 3.3 2.2 3.3 7.7 6.2 5.4 2.6 5.2 Official creditors ... 3.3 2.2 3.3 7.7 6.2 3.9 2.6 5.2 Multilateral ... 3.3 2.2 3.3 7.7 6.2 3.9 2.6 5.2 Concessional ... 3.2 1.8 2.0 7.0 6.2 3.9 2.4 5.1 Bilateral ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Concessional ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private creditors ... 0.0 0.0 0.0 0.0 0.0 1.5 0.0 0.0 Bonds ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Other private ... 0.0 0.0 0.0 0.0 0.0 1.5 0.0 0.0 Private nonguaranteed . . 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 0.0 0.0 1.0 0.1 0.2 0.8 0.2 -0.1I 0.0 0.0 PRINCIPAL REPAYMENTS . . 1.0 1.0 1.2 2.1 2.4 3.3 4.5 3.7 Public and publicly guaraateed . . 1.0 1.0 1.2 2.1 2.4 3.3 4.5 3.7 Official creditors ... 1.0 1.0 1.2 2.1 2.4 2.2 2.1 1.8 Multilateral ... 0.5 0.4 0.5 0.7 0.8 0.9 0.9 0.8 Concessional ... 0.3 0.2 0.2 0.2 0.2 0.3 0.3 0.4 Bilateral ... 0.5 0.6 0.7 1.4 1.7 1.3 1.2 1.0 Concessional ... 0.4 0.5 0.5 1.2 1.4 1.3 1.2 1.0 Private creditors ... 0.0 0.0 0.0 0.0 0.0 1.2 2.5 1.8 Bonds ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Other private ... 0.0 0.0 0.0 0.0 0.0 1.2 2.5 1.8 Private nonguaranteed . . 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Comimercial banks ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 NET FLOWS ON DEBT . . 2.2 1.2 2.2 5.6 3.8 2.1 -1.9 1.5 Public and publicly guaranteed . . 2.2 1.2 2.2 5.6 3.8 2.1 .1.9 1.5 Official creditors ... 2.2 1.2 2.2 5.6 3.8 1.7 0.5 3.4 Multilateral ... 2.8 1.8 2.8 7.0 5.4 3.0 1.7 4.4 Concessional ... 2.9 1.6 1.8 6.7 6.0 3.6 2.1 4.7 Bilateral ... -0.5 -0.6 -0.7 -1.4 -1.7 -1.3 -1.2 -1.0 Concessional ... 0.4 -0.5 -0.5 -1.2 -1.4 -1.3 -1.2 -1.0 Private creditors ... 0.0 0.0 0.0 0.0 0.0 0.4 -2.5 -1.8 Bonds ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks . . 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Other private ... 0.0 0.0 0.0 0.0 0.0 0.4 -2.5 -1.8 Private noaguaranteed . 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 0.0 0.0 1.0 0.1 0.2 0.8 0.2 -0.1 0.0 0.0 548 TONGA (US$ million, unless otherwise indicated) 1970 1986 1990 1992 1993 1994 1995 1996 1997 1998 INTEREST PAYMENTS (LINT) . . 0.5 0.5 0.5 0.6 0.7 0.7 1.2 1.0 Public and publicly guaranteed . . 0.5 0.5 0.5 0.6 0.7 0.7 1.2 1.0 Official creditors ... 0.5 0.5 0.5 0.6 0.7 0.7 0.6 0.6 Multilateral ... 0.2 0.3 0.3 0.4 0.5 0.6 0.5 0.5 Concessional ... 0.1 0.2 0.2 0.2 0.3 0.4 0.4 0.4 Bilateral ... 0.3 0.2 0.2 0.2 0.2 0.1 0.1 0.1 Concessional .. 0.2 0.2 0.2 0.2 0.2 0.1 0.1 0.1 Private creditors ... 0.0 0.0 0.0 0.0 0.0 0.0 0.6 0.4 Bonds .., 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks .., 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Other private .., 0.0 0.0 0.0 0.0 0.0 0.0 0.6 0.4 Private nonguaranteed . . 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 NET TRANSFERS ON DEBT ... 1.7 0.7 1.6 5.0 3.1 1.4 -3.1 0.5 Public and publicly guaranteed . . 1.7 0.7 1.6 5.0 3.1 1.4 -3.1 0.5 Official creditors ... 1.7 0.7 1.6 5.0 3.1 1.0 -0. 1 2.8 Multilateral ... 2.5 1.5 2.5 6.6 4.9 2.4 1.2 3.9 Concessional ... 2.8 1.4 1.6 6.5 5.7 3.2 1.7 4.3 Bilateral ... -0.8 -0.9 -0.9 -1.6 -1.9 -1.4 -1.3 -1.1 Concessional ... -0.5 -0.7 -0.7 -1.4 -1.5 -1.4 -1.3 -1.1 Private creditors ... 0.0 0.0 0.0 0.0 0.0 0.4 -3.1 -2.3 Bonds .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Other private ... 0.0 0.0 0.0 0.0 0.0 0.4 -3.1 -2.3 Private nonguaranteed . . 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: EBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 0.0 0.0 1.0 0.1 0.2 0.8 0.2 -0.1I 0.0 -0. 1 DEBT SERVICE (LTDS) ... 1.5 1.6 1.7 2.7 3.1 4.0 5.7 4.7 Public and publicly guaranteed . . 1.5 1.6 1.7 2.7 3.1 4.0 5.7 4.7 Official creditors ... 1.5 1.6 1.7 2.7 3.1 2.9 2.7 2.4 Multilateral ... 0.7 0.7 0.8 1.1 1.3 1.5 1.4 1.3 Concessional ... 0.4 0.3 0.4 0.4 0.5 0.7 0.7 0.7 Bilateral ... 0.8 0.9 0.9 1.6 1.9 1.4 1.3 1.1 Concessional . . 0.5 0.7 0.7 1.4 1.5 1.4 1.3 1.1 Private creditors ... 0.0 0.0 0.0 0.0 0.0 1.2 3.1 2.3 Bonds ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Other private ... 0.0 0.0 0.0 0.0 0.0 1.2 3.1 2.3 Private nonguaranteed . . 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Comimercial banks ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.1 UNDISBURSED DEBT . . 18.0 19.9 20.2 15.2 19.9 15.8 15.8 11.0 Official creditors ... 18.0 19.9 20.2 13.7 18.3 15.8 15.8 11.0 Private creditors ... 0.0 0.0 0.0 1.6 1.6 0.0 0.0 0.0 Memorandum items Concessional LDOD ... 38.8 37.5 38.1 47.1 52.8 53.2 49.0 54.6 Variable rate LDOD ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Public sector LDOD ... 44.5 42.6 43.7 63.4 68.7 68.3 60.2 64.1 Private sector LDOD ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 -6. CUfRRENCY COMTPOSITION OF LONG-TERMN DEBT (PERCENT) Deutsche mark ... 40.7 38.2 34.3 24.8 23.0 19.8 17.9 16.7 French franc ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Japanese yen ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Pound sterling ... 5.8 3.8 3.2 1.9 1.5 1.3 1.0 0.8 Swiss franc ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 U.S.dollars ... 1.1 2.6 2.7 3.5 3.5 3.4 3.7 3.4 Multiple currency ... 45.4 49.7 55.2 65.3 67.7 70.1 71.5 73.2 Special drawing rights ... 0.0 0.0 0.0 1.6 2.2 3.5 4.3 4.5 All other currencies . 7.0 5.7 4.6 2.9 2.1 1.9 1.6 1.4 549 TONGA (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 7. DEBT RESTRLiCTU RINGS Total amount rescheduled ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Debt stock rescheduled ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal rescheduled ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Official ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Interest rescheduled ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Official ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Debt forgiven ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: interest forgiven ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Debt stock reduction ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 of which debt buyback ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 8. DEBT STOCK-FLOW RECONCILIATION Total change in debt stocks ... 14.5 -1.5 0.8 20.2 5.7 -0.4 -8.5 3.5 Net flows ondebt .. 10.4 1.3 1.9 6.0 4.1 2.1 -2.2 1.1 Net change in interest arrears ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Interest capitalized ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Debt forgiveness or reduction ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Cross-currency valuation ... 3.3 -1.5 -1.1 2.1 1.4 -1.1 -1.7 0.9 Residual ... 0.8 -1.3 0.0 12.1 0.2 -1.4 -4.5 1.5 9.-WERAGE TERMS OF NEW COMAI[TNTMENTS ALL CREDITORS Interest (%) ... 0.9 0.0 1.6 0.0 4.4 3.5 3.4 0.0 Maturity (years) ... 39.7 0.0 39.1 0.0 39.0 39.7 39.1 0.0 Grace period (years) ... 10.2 0.0 8.5 0.0 9.5 10.2 9.6 0.0 Grant element (%) ... 79.5 0.0 68.6 0.0 47.6 55.8 56.6 0.0 Official creditors Interest (%) ... 0.9 0.0 1.6 0.0 4.4 3.5 3.4 0.0 Maturity (years) ... 39.7 0.0 39.1 0.0 39.0 39.7 39.1 0.0 Grace period (years) ... 10.2 0.0 8.5 0.0 9.5 10.2 9.6 0.0 Grant element (%) ... 79.5 0.0 68.6 0.0 47.6 55.8 56.6 0.0 Private creditors Interest (%) ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Maturity (years) ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Grace period (years) ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Grant element (%) ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memorandum items Commitmnents . . 5.7 0.0 4.2 0.0 10.5 3.5 4.6 0.0 Official creditors ... 5.7 0.0 4.2 0.0 10.5 3.5 4.6 0.0 Private creditors ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 10. CONTR.ACTUAL OBLIGATIONS ON OLUTSTANDING LONG-TERMI DEBT 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 TOTAL Disbursements 3.0 3.4 2.4 1.0 0.5 0.3 0.2 0.1 0.1 0.0 Principal 5.1 5.3 2.7 2.3 2.1 2.3 2.5 2.5 2.7 2.7 Interest 1.1 1.0 0.8 0.8 0.7 0.7 1.0 1.0 1.0 0.9 Official creditors Disbursements 3.0 3.4 2.4 1.0 0.5 0.3 0.2 0.1 0.1 0.0 Principal 2.3 2.5 2.7 2.3 2.1 2.3 2.5 2.5 2.7 2.7 Interest 0.8 0.8 0.8 0.8 0.7 0.7 1.0 1.0 1.0 0.9 Bilateral creditors Disbursements 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal 1.1 1.1 1.1 1.0 1.0 1.0 1.0 1.0 1.0 1.0 Interest 0.1 0.1 0.1 0.1 0.1 0.1 0.0 0.0 0.0 0.0 Multilateral creditors Disbursements 3.0 3.4 2.4 1.0 0.5 0.3 0.2 0.1 0.1 0.0 Principal 1.2 1.3 1.6 1.3 1.1 1.4 1.5 1.5 1.7 1.7 Interest 0.7 0.7 0.7 0.7 0.7 0.6 1.0 1.0 1.0 0.9 Private creditors Disbursements 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal 2.8 2.8 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Interest 0.3 0.2 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Comimercial banks Disbursements 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Interest 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Other private Disbursements 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal 2.8 2.8 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Interest 0.3 0.2 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 550 TRINIDAD AND TOBAGO (US$ million, unless otherwise indicated) 1970 198(' 1990 1992 1993 1994 1995 1996 1997 1998 1. SUNM AR Y DE BT D ATA TOTAL DEBT STOCKS (EDT) 8291 2,512 2,453 2,240 2,495 2,737 2,241 2,162 2,193 Long-term debt (LDOD) 101 7131 2,055 1,973 1,958 2,079 2,032 1,948 1,583 1,619 Public and publicly guaranteed 101 71:1 1,782 1,788 1,807 1,962 1,941 1,870 1,529 1,476 Private nonguaranteed 0 4 ) 273 186 150 118 90 78 54 144 Useof IMF credit 0 0 329 282 155 91 50 24 4 0 Short-term debt 116i 127 197 128 324 656 270 575 574 of which interest arrears on LDOD I)0 0 0 1 7 10 7 7 Official creditors I)0 0 0 1 2 0 0 0 Private creditors 4)0 0 0 0 5 9 6 7 Memo: principal arrears on LDOD 4) 37 57 58 76 ill 108 92 97 Official creditors 4)7 9 1 1 14 9 2 2 2 Private creditors 0 3 1 48 47 62 102 106 9 1 96 Memo: export credits 0 591 611 672 664 653 603 848 901 TOTAL DEBT FLOWS Disbursements 12 3631 188 289 287 344 127 251 83 175 Long-term debt 8 362 85 289 287 344 127 251 83 175 lIF purchases 5 ( I 103 0 0 0 0 0 0 0 Principal repayments 14 176 233 396 487 389 241 280 397 186 Long-term debt 10 17hi 233 307 358 317 198 255 379 181 IMFrepurchases 4 ( I 0 90 129 72 44 25 1 8 4 Net flows on debt -2 137 -45 -38 -270 150 212 -418 -6 -12 of which short-term debt -5(4 0 70 -70 196 326 -389 308 -1 Interest payments (INT) 54 216 180 144 155 176 194 150 125 Long-term debt 6 514 177 143 118 132 147 167 128 95 IMFcharges 0 (4 24 26 16 7 4 2 1 0 Short-term debt 4 15 1 1 10 16 25 25 22 30 Net transfers on debt -- 83 -262 -218 -414 -5 36 -612 -156 -137 Total debt service paid (TDS) -- 230 449 576 632 545 417 474 547 311 Long-term debt 1 6 226, 410 449 476 449 344 422 506 277 vMF repurchases and charges 4 (0 24 116 146 79 48 27 1 9 4 Short-term debt (interest only) ..4 1 5 1 1 1 0 16 25 25 22 30 2. AGGREGATE NET RESOU.RCE FLOWS AND NET TRANSFERS (LONG-TERM) NET RESOURCE FLOWS 81 372 -26 168 313 551 239 358 712 733 Net flow of long-term debt (ex.I F -3 187 -148 -18 -71 26 -70 -4 -296 -6 Foreign direct investment (net) 83 185 109 178 379 516 299 355 999 730 Portfolio equity flows 0 (10 0 0 0 0 0 0 0 Grants (excluding technical coop.) 0 1 1 3 8 5 9 1 0 7 8 9 Memo: technical coop. grants 1 5 5 5 5 5 5 6 5 4 official net resource flows 2 115 43 7 1 45 46 58 -20 -44 -28 private net resource flows 80 258 -69 97 268 505 181 378 755 761 NET TRANSFERS 16 -157 -401 -225 -45 169 -171 -89 285 317 Interest on long-term debt 6 50 177 143 118 132 147 167 128 95 Profit remittances on FDI 59 479 197 251 240 250 263 280 299 320 Memo: official net transfers -1 99 -8 14 -8 -10 -8 -89 -88 -76 private net transfers 17 -256 -393 -239 -37 179 -164 0 373 394 3. MLAJOR ECONOMIHC AGGREGATES Gross national product (GNP) 757 5,925 4,673 4,996 4,255 4,534 4,858 5,160 5,408 6,146 Exports of goods &services (XGS) .. 3,373 2,331 2,180 1,912 2,187 2,906 2,883 3,088 3,038 of which workers remittances ..1 3 6 18 26 30 28 30 45 Imports of goods & services (MGS) .. 2,972 1,863 2,035 1,785 1,943 2,577 2,742 3,676 3,660 Intemnational reserves (RES) 43 2,813 513 190 228 373 379 564 723 800 Current account balance .. 357 459 139 113 218 294 105 -614 -644 4. DEBT INDICATORS EDT /XGS (% . 24.6 107.7 112.5 117.2 114.1 94.2 77.8 70.0 72.2 EDT /GNP(% . 14.0 53.7 49.1 52.6 55.0 56.3 43.4 40.0 35.7 TDS / XGS (% . 6.8 19.3 26.4 33.0 24.9 14.3 16.4 17.7 10.2 INT/ XGS (% . 1.6 9.3 8.3 7.6 7.1 6.1 6.7 4.9 4.1 IINT /GNP(% . 0.9 4.6 3.6 3.4 3.4 3.6 3.8 2.8 2.0 RES /EDT(% . 339.4 20.4 7.8 10.2 15.0 13.9 25.2 33.5 36.5 RES /MGS (months) .. 11.4 3.3 1.1 1.5 2.3 1.8 2.5 2.4 2.6 Short-termn/ EDT (%) .. 14.0 5.1 8.1 5.7 13.0 24.0 12.0 26.6 26.2 Concessional /EDT (% . 1.2 2.1 1.6 1.5 1.3 1.0 0.9 0.7 0.6 Multilateral /EDT (%) .. 8.6 4.1 8.5 13.2 16.0 19.2 25.6 27.0 28.3 551 TRINIDAD AND TOBAGO (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 5. LONG-TERMI DEBT DEBT OUTSTANDING (LDOD) 101 713 2,055 1,973 1,958 2,079 2,032 1,948 1,583 1,619 Public and publicly guaranteed 101 713 1,782 1,788 1,807 1.962 1,941 1,870 1,529 1,476 Official creditors 45 263 634 756 797 878 948 870 773 761 Multilateral 23 71 103 208 295 400 527 573 584 620 Concessional 0 1 6 5 4 4 4 3 4 6 Bilateral 22 192 532 549 503 478 421 297 190 141 Concessional 6 8 48 35 29 27 24 17 10 6 Private creditors 56 450 1,147 1,031 1,010 1,084 993 1,000 755 715 Bonds 36 53 335 304 343 450 450 575 425 425 Commercial banks 15 348 624 545 514 495 433 347 274 241 Other private 4 50 188 182 153 139 ill 79 57 49 Private nonguaranteed 0 0 273 186 150 118 90 78 54 144 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 273 186 150 118 90 78 54 144 Memo: IBRD 23 57 41 35 57 61 72 79 76 83 IDA 0 0 0 0 0 0 0 0 0 0 DISBURSEMENTS 8 363 85 289 287 344 127 251 83 175 Public and publicly guaranteed 8 363 85 289 287 344 127 251 83 65 Official creditors 5 125 43 131 104 95 127 101 83 65 Multilateral 3 1 1 39 69 93 93 125 99 83 63 Concessional 0 0 0 0 0 0 0 0 1 2 Bilateral 2 114 4 62 11 2 2 2 0 2 Concessional 2 0 0 0 0 0 0 0 0 0 Private creditors 3 238 42 158 184 249 0 150 0 0 Bonds 0 0 0 100 123 227 0 150 0 0 Comimercial banks 3 197 0 0 27 0 0 0 0 0 Other private 0 41 42 58 34 22 0 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 0 110 Bonds 0 0 0 0 0 0 0 0 0 0 Conmmercial banks 0 0 0 0 0 0 0 0 0 110 Memo: IBRD 3 4 20 5 26 3 15 17 12 15 IDA 0 0 0 0 0 0 0 0 0 0 PRINCIPAL REPAYMENTS 10 176 233 307 358 317 198 255 379 181 Public and publicly guaranteed 10 176 189 266 323 285 170 243 355 161 Official creditors 3 11 14 68 64 57 79 128 135 102 Multilateral 1 6 10 13 10 11 13 15 40 47 Concessional 0 0 0 1 1 1 1 0 0 0 Bilateral 3 5 3 55 53 47 67 113 95 55 Concessional 0 0 0 5 5 5 6 5 5 4 Private creditors 7 165 176 198 259 228 91 115 220 59 Bonds 5 7 52 99 108 132 0 25 150 0 Commercial banks 1 150 99 27 78 51 51 69 55 46 Other private 0 7 25 72 73 45 40 21 15 13 Private nonguaranteed 0 0 44 41 36 32 27 12 24 21 Bonds 0 0 0 0 0 0 0 0 0 0 Comimercial banks 0 0 44 41 36 32 27 12 24 21 Memo: IBRD 1 6 7 7 5 2 6 5 9 8 IDA 0 0 0 0 0 0 0 0 0 0 NET FLOWS ON DEBT -3 187 -148 -18 -71 26 -70 -4 -296 -6 Public and publicly guaranteed -3 187 -105 23 -36 59 -43 8 -272 -96 Official creditors 1 114 30 63 40 37 48 -27 -52 -37 Multilateral 2 5 29 57 83 82 113 84 43 17 Concessional 0 0 0 -1 -1 -1 -1 0 1 2 Bilateral -1 109 1 7 -42 -45 -65 -111 -95 -54 Concessional 2 0 0 -5 -5 -5 -6 -5 -5 -4 Private creditors -4 73 -134 -40 -76 21 -91 36 -220 -59 Bonds -5 -7 -52 1 14 95 0 125 -150 0 Commercial banks 2 47 -99 -27 -51 -51 -51 -69 -55 -46 Other private 0 34 17 -14 -39 -23 -40 -21 -15 -13 Private nonguaranteed 0 0 -44 -41 -36 -32 -27 -12 -24 89 Bonds 0 0 0 0 0 0 0 0 0 0 Comimercial banks 0 0 44 -41 -36 -32 -27 -12 -24 89 Memo: IBRD 2 -1 13 -2 21 0 9 12 4 7 IDA 0 0 0 0 0 0 0 0 0 0 552 TRINIDAD AND TOBAGO (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 INTEREST PAYMENTS (LINT) 6 50 177 143 118 132 147 167 128 95 Public and publicly guaranteed 6 50 151 125 109 124 140 161 124 93 Official creditors 3 16 5 1 57 53 56 66 69 45 48 Multilateral 1 5 6 12 18 23 30 43 30 41 Concessional 0 0 0 0 0 0 0 0 0 0 Bilateral 1 1 1 45 45 35 33 35 26 15 7 Concessional 0 0 2 2 1 1 1 1 1 0 Private creditors 4 35 101 68 56 68 74 93 79 45 Bonds 2 5 25 20 14 3 1 32 67 59 42 Comimercial banks 1 25 55 42 33 25 33 20 16 0 Other private 0 5 2 1 7 9 1 1 9 5 4 3 Private nonguaranteed 0 0 26 18 9 8 7 5 4 3 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 26 18 9 8 7 5 4 3 Memo: IBRD 1 5 2 3 4 4 5 5 5 5 IDA 0 0 0 0 0 0 0 0 0 0 NET TRANSFERS ON DEBT -9 137 -326 -161 -189 -106 -217 -171 -423 -102 Public and publicly guaranteed -9 137 -256 -102 -144 -65 -183 -153 -396 -188 Official creditors -1 98 -21 6 -13 -19 -18 -96 -96 -85 Multilateral 1 0 23 45 64 59 82 41 13 -25 Concessional 0 0 0 -1 -1 -1 -1 0 1 2 Bilateral -2 98 -44 -39 -77 -77 -100 -137 -110 -61 Concessional 1 0 -2 -7 -6 -6 -7 -6 -5 -5 Private creditors -7 39 -235 -109 -131 -46 -165 -57 -299 -103 Bonds -7 -12 -77 -18 1 64 -32 58 -209 -42 Comimercial banks 1 22 -154 -69 -84 -76 -85 -89 -72 -46 Other private -1 29 -4 -21 -48 -35 -49 -26 -18 -16 Private nonguaranteed 0 0 -70 -58 -45 -41 -34 -18 -28 87 Bonds 0 0 0 0 0 0 0 0 0 0 Commnercial banks 0 0 -70 -58 45 -41 -34 -18 -28 87 Memo: IBRD 1 -6 11 -417 -45 7 -2 2 IDA 0 0 0 0 0 0 0 0 0 0 DEBT SERVICE (LTDS) 16 226 410 449 476 449 344 422 506 277 Public and publicly guaranteed 16 226 340 391 432 409 310 404 479 253 Official creditors 6 27 64 125 117 113 145 197 180 150 Multilateral 2 1 1 16 24 29 34 43 58 70 88 Concessional 0 0 1 1 1 1 1 0 0 0 Bilateral 4 16 48 101 88 79 102 139 110 62 Concessional 0 0 2 7 6 6 7 6 5 5 Private creditors 1 0 199 276 266 315 295 165 207 299 103 Bonds 7 1 2 77 118 122 163 32 92 209 42 Commercial banks 2 175 154 69 ill 76 85 89 72 46 Other private 1 1 2 46 79 82 56 49 26 1 8 1 6 Private nonguaranteed 0 0 70 58 45 41 34 18 28 23 Bonds 0 0 0 0 0 0 0 0 0 0 Comimercial banks 0 0 70 58 45 41 34 18 28 23 Memo: IBRD 2 10 9 9 9 7 10 10 14 13 IDA 0 0 0 0 0 0 0 0 0 0 UNDISBURSED DEBT 21 280 330 525 491 378 258 274 571 511 Official creditors 21 201 247 442 442 378 258 274 571 511 Private creditors 0 79 83 83 49 0 0 0 0 0 Memorandum items ConcessionaliLDOD 6 1 0 54 40 33 3 1 27 20 14 1 3 Variable rate LDOD 0 227 1,202 1,236 1,222 1,224 1,178 1,033 858 915 Public sector LDOD 101 713 1,782 1,788 1,807 1,962 1,941 1,870 1,529 1,476 Private sector LDOD 0 0 273 186 150 118 90 78 54 144 6. CURRENCV CO MPOSFTION OF LONC,-TERM DEBT iPERCENTi Deutsche mark 0.0 5.6 6.8 4.1 3.2 2.9 2.7 2.1 1.6 1.2 French franc 0.0 0.1 4.1 2.9 2.6 2.5 2.3 1.7 1.2 0.9 Japanese yen 0.0 18.4 34.8 34.3 29.0 21.9 19.5 14.9 13.1 12.4 Pound sterling 33.4 0.2 3.4 2.7 2.6 2.4 2.6 2.9 3.4 3.5 Swiss franc 0.0 4.3 0.0 0.1 0.2 0.2 0.2 0.1 0.1 0.1 U.S.dollars 37.7 61.3 44.9 44.6 46.7 50.5 47.6 50.1 46.5 51.5 Multiple currency 23.1 8.3 4.1 8.9 13.7 17.8 23.8 27.2 32.9 29.1 Special drawing rights 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 All other currencies 5.8 1.8 1.9 2.4 2.0 1.8 1.3 1.0 1.2 1.3 553 TRINIDAD AND TOBAGO (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 7. DEBT RESrRU'CTURINGS Total amount rescheduled 262 54 0 0 0 0 0 0 Debt stock rescheduled 0 0 0 0 0 0 0 0 Principal rescheduled 262 54 0 0 0 0 0 0 Official 56 0 0 0 0 0 0 0 Private .. 206 54 0 0 0 0 0 0 Interest rescheduled ..0 0 0 0 0 0 0 0 Official 0 0 0 0 0 0 0 0 Private 0 0 0 0 0 0 0 0 Debt forgiven 7 0 0 0 0 0 0 0 Memo: interest forgiven ..0 0 0 0 0 0 0 0 Debt stock reduction ..0 32 10 0 7 0 0 0 of which debt buyback 0 0 0 0 0 0 0 0 8. DEBT STOCK-FLOW' RECONCILIATION Total change in debt stocks 374 -35 -213 255 243 -496 -80 32 Net flows on debt -2 137 -45 -38 -270 150 212 -418 -6 -12 Net change in interest arrears 0 0 0 1 5 3 -3 1 Interest capitalized 0 0 0 0 0 0 0 0 Debt forgiveness or reduction -7 -32 -10 0 -7 0 0 0 Cross-currency valuation .. 84 -22 49 73 0 -39 -37 27 Residual 342 57 18 31 33 -42 -33 16 9. AVERAGE TERMS OF NEW COMMITMIENTS ALL CREDITORS Interest (%) 7.5 10.4 8.0 8.0 8.8 10.8 6.5 7.7 6.1 8.5 Maturity (years) 9.8 8.7 14.9 6.0 13.1 9.4. 17.5 13.4 18.6 15.7 Grace period (years) 1.2 3.7 4.6 3.4 6.0 7.8 4.1 7.6 5.8 5.3 Grant element (%) 10.5 -2.6 10.7 4.0 7.9 4.3 20.5 13.8 20.1 8.0 Official creditors Interest (%) 3.0 7.6 7.9 7.9 7.4 6.6 6.5 7.3 6.1 8.5 Maturity (years) 29.6 9.5 18.1 14.7 20.9 15.0 17.5 17.8 18.6 15.7 Grace period (years) 7.1 2.3 5.4 4.9 5.2 4.9 4.1 4.6 5.8 5.3 Grant element (%) 54.6 9.1 12.0 11.5 16.3 19.0 20.5 15.7 20.1 8.0 Private creditors Interest (%) 8.0 10.6 8.1 8.0 9.8 11.5 0.0 8.0 0.0 0.0 Maturity (years) 7.5 8.6 9.8 4.3 6.7 8.3 0.0 10.0 0.0 0.0 Grace period (years) 0.5 3.9 3.3 3.1 6.7 8.3 0.0 10.0 0.0 0.0 Grant element (%) 5.5 -3.6 8.6 2.6 1.0 -8.6 0.0 12.3 0.0 0.0 Memorandum items Commitments 3 211 187 235 273 237 1 8 266 385 2 Official creditors 0 17 115 38 123 37 18 116 385 2 Private creditors 3 194 73 197 150 200 0 150 0 0 10. CONTRACTUAL OBLIGA rIONS ON OUTSTANDING LONG-TERMI DEBT 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 TOTAL Disbursements 138 147 ill 68 37 9 1 0 0 0 Principal 253 348 90 91 91 240 79 227 66 65 Interest 122 115 99 98 94 81 66 60 43 38 Official creditors Disbursements 138 147 ill 68 37 9 1 0 0 0 Principal 147 120 85 86 86 85 79 77 66 65 Interest 61 60 60 59 56 5 1 46 40 35 30 Bilateral creditors Disbursements 0 0 0 0 0 0 0 0 0 0 Principal 90 39 3 2 2 2 2 1 0 0 Interest 8 3 1 1 0 0 0 0 0 0 Multilateral creditors Disbursements 138 147 ill 68 37 9 1 0 0 0 Principal 57 81 82 84 84 84 77 77 66 65 Interest 53 57 59 58 56 51 45 40 35 30 Private creditors Disbursements 0 0 0 0 0 0 0 0 0 0 Principal 106 228 5 5 5 155 0 150 0 0 Interest 6 1 55 39 39 38 29 20 20 8 8 Commercial banks Disbursements 0 0 0 0 0 0 0 0 0 0 Principal 73 73 0 0 0 0 0 0 0 0 Interest 7 3 0 0 0 0 0 0 0 0 Other private Disbursements 0 0 0 0 0 0 0 0 0 0 Principal 33 156 5 5 5 155 0 150 00 Interest 54 52 39 39 38 29 20 20 8 8 554 TUNISIA (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 1. SUMMARY DEBT DATA TOTAL DEBT STOCKS (EDT) 3,527 7,691 8,541 8,692 9,609 10,914 11,464 11,321 11,078 Long-term debt (LDOD) 541 3,390 6,880 7,409 7,618 8,200 9,311 9,651 9,609 9,908 Public and publicly guaranteed 541 3,210 6,662 7,201 7,415 8,002 9,118 9,463 9,426 9,727 Private nonguaranteed 0 180 218 208 203 198 193 188 183 181 Use of IMF credit 13 0 176 290 285 303 293 237 173 129 Short-term debt 136 634 843 789 1,106 1,310 1,576 1,539 1,040 of which interest arrears on LDOD 0 0 2 0 0 0 0 0 0 Official creditors 0 0 2 0 0 0 0 0 0 Private creditors ..0 0 0 0 0 0 0 0 0 Memo: principal arrears on LDOD 6 15 10 3 16 1 0 0 0 Official creditors 6 8 8 3 15 1 0 0 0 Private creditors 0 7 2 0 0 0 0 0 0 Memo: export credits 0 1,547 1,381 1,526 1,921 1,982 1,871 1,834 2,028 TOTAL DEBT FLOWS Disbursements 96 611 1,018 1,283 1,122 1,059 1,488 1,333 1,516 668 Long-termndebt 89 611 1,018 1,210 1,122 1,059 1,488 1,333 1,516 668 lMF purchases 8 0 0 73 0 0 0 0 0 0 Principal repayments 54 290 984 888 850 928 939 908 875 850 Long-termn debt 47 258 873 858 844 928 924 861 825 801 IMF repurchases 7 31 ill 29 5 0 16 47 50 50 Net flows on debt 86 267 293 576 221 448 753 691 604 -681 of which short-termndebt -54 259 180 -51 317 204 266 -37 -499 Interest payments (INT) 255 448 454 503 529 541 558 538 552 Long-termn debt 18 228 394 398 419 462 486 507 479 485 vIMFcharges 0 1 23 19 17 1 5 17 12 10 7 Short-term debt .. 26 30 37 67 52 38 39 49 60 Net transfers on debt .. 12 -155 122 -282 -81 212 133 66 -1,233 Total debt service paid (TDS) .. 545 1,432 1,342 1,352 1,457 1,480 1,466 1,413 1,402 Long-term debt 65 486 1,267 1,256 1,263 1,390 1,409 1,368 1,303 1,285 IMF repurchases and charges 7 33 135 49 22 1 5 32 59 60 57 Short-term debt (interest only) .. 26 30 37 67 52 38 39 49 60 2. AGGREGATE NET RI SOURCE FLOWS AND iNET TRANSFERS (LONG-TERM I NET RESOURCE FLOWS 100 613 395 1,019 943 646 887 848 1,166 619 Net flow of long-termndebt (ex.MF 42 352 145 352 277 131 564 472 691 -133 Foreign direct investment (net) 16 235 76 526 562 432 264 238 339 650 Portfolio equity flows 0 0 0 0 0 0 0 0 0 40 Grants (excluding technical coop.) 43 26 174 140 103 83 58 138 136 61 Memo: technical coop. grants 27 74 101 98 103 84 122 103 91 93 official net resource flows 83 276 517 421 480 336 132 231 241 -76 private net resource flows 17 336 -122 598 462 310 755 617 926 694 NET TRANSFERS 62 232 -145 340 287 -56 156 91 422 -141 Interest on long-term debt 18 228 394 398 419 462 486 507 479 485 Proftltremittances on FDI 20 153 146 280 237 240 245 250 266 275 Memo: official net transfers 75 203 270 133 172 -26 -236 -138 -98 -403 private net transfers -13 29 -415 207 115 -30 392 229 520 262 3. MAJOR ECONOMIC AGGREGATES Gross national product (GNP) 1,380 8,450 11,882 14,784 13,754 14,742 17,111 18,556 17,997 19,088 Exports of goods & services (XGS) .. 3,674 5,851 6,645 6,305 7,610 8,778 8,952 8,934 9,290 of which workers remiittances .. 319 551 531 446 629 680 736 685 718 Imiports of goods & services (MGS) .. 4,119 6,591 7,882 7,795 8,317 9,646 9,554 9,636 10,078 Intemational reserves (RES) 60 700 867 924 938 1,544 1,689 1,978 2,041 1,856 Current account balance .. -353 -463 -1,104 -1,323 -537 -774 -478 -595 -675 4. DEBT INDICATORS EDT /XGS (%) .. 96.0 131.4 128.5 137.9 126.3 124.3 128.1 126.7 119.2 EDT /GNP (%) .. 41.7 64.7 57.8 63.2 65.2 63.8 61.8 62.9 58.0 TDS / XGS (% . 14.8 24.5 20.2 21.5 19.1 16.9 16.4 15.8 15.1 INT / XGS (% . 6.9 7.7 6.8 8.0 7.0 6.2 6.2 6.0 5.9 IiNT /GNP(% . 3.0 3.8 3.1 3.7 3.6 3.2 3.0 3.0 2.9 RESI/EDT (% . 19.9 11.3 10.8 10.8 16.1 15.5 17.3 18.0 16.8 RES /MGS (months) .. 2.0 1.6 1.4 1.4 2.2 2.1 2.5 2.5 2.2 Short-termn/ EDT (%) .. 3.9 8.3 9.9 9.1 11.5 12.0 13.8 13.6 9.4 Concessional /EDT (%) .. 39.3 35.1 33.3 33.2 31.8 28.6 25.4 23.2 24.2 Multilateral /EDT (%) .. 12.3 29.0 32.4 35.7 36.3 33.9 31.8 30.0 31.5 555 TUNISIA (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 5. LONG-TERM DEBI' DEBT OUTSTANDING (LDOD) 541 3,390 6,880 7,409 7,618 8,200 9,311 9,651 9,609 9,908 Public and publicly guaranteed 541 3,210 6,662 7,201 7,415 8,002 9,118 9,463 9,426 9,727 Official creditors 364 1,961 5,229 5,898 6,240 6,876 7,490 7,562 7,072 7,256 Multilateral 44 433 2,229 2,770 3,099 3,490 3,701 3,643 3,397 3,489 Concessional 16 75 228 275 281 309 345 361 348 351 Bilateral 321 1,529 3,000 3,128 3,141 3,387 3,789 3,919 3,675 3,767 Concessional 317 1,311 2,469 2,571 2,602 2,747 2,772 2,551 2,280 2,334 Private creditors 177 1,249 1,434 1,303 1,176 1,126 1,628 1,901 2,354 2,472 Bonds 2 6 0 0 0 0 535 603 1,112 1,200 Commercial banks 0 493 343 488 544 621 660 945 868 864 Other private 175 750 1,091 815 632 505 433 353 374 408 Private nonguaranteed 0 180 218 208 203 198 193 188 183 181 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 180 218 208 203 198 193 188 183 181 Memo: IBRD 26 269 1,347 1,470 1,595 1,715 1,717 1,610 1,434 1,458 IDA 16 68 59 56 54 52 50 47 45 43 DISBURSEMENTS 89 611 1,018 1,210 1,122 1,059 1,488 1,333 1,516 668 Public and publicly guaranteed 89 558 988 1,180 1,092 1,029 1,458 1,303 1,486 638 Official creditors 54 323 699 743 841 860 711 684 687 474 Multilateral 13 82 430 402 574 481 467 503 352 302 Concessional 3 8 45 30 24 35 48 45 23 25 Bilateral 41 242 269 341 267 378 244 181 335 172 Concessional 40 197 177 271 218 242 230 118 148 124 Private creditors 34 235 289 437 251 169 747 619 799 164 Bonds 0 0 0 0 0 0 588 138 586 0 Commercial banks 0 51 91 292 216 159 106 461 103 65 Other private 34 184 198 145 34 10 53 20 110 99 Private nonguaranteed 0 53 30 30 30 30 30 30 30 30 Bonds 0 0 0 0 0 0 0 0 0 0 Comimercial banks 0 53 30 30 30 30 30 30 30 30 Memo: IBRD 9 51 213 111 248 189 138 202 127 142 IDA 3 1 0 0 0 0 0 0 0 0 PRINCIPAL REPAYMENTS 47 258 873 858 844 928 924 861 825 801 Public and publicly guaranteed 47 216 836 823 809 893 889 826 790 769 Official creditors 14 72 356 463 464 607 637 591 582 611 Multilateral 1 20 168 233 249 290 362 341 338 362 Concessional 0 0 7 14 14 15 18 22 20 32 Bilateral 13 52 188 230 215 317 275 250 244 250 Concessional 11 40 134 135 133 245 182 187 185 196 Private creditors 33 144 480 360 345 286 252 235 207 158 Bonds 0 5 60 0 0 0 0 0 0 0 Conmmercial banks 0 24 113 103 145 113 103 149 139 86 Other private 33 114 307 258 201 173 149 86 68 72 Private nonguaranteed 0 43 37 35 35 35 35 35 35 32 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 43 37 35 35 35 35 35 35 32 Memo: IBRD 1 15 ill 147 147 173 203 187 173 178 IDA 0 0 2 2 2 2 2 2 2 2 NET FLOWS ON DEBT 42 352 145 352 277 131 '564 472 691 -133 Public and publicly guaranteed 42 342 152 357 282 136 569 477 696 -131 Official creditors 40 251 343 280 377 253 73 94 104 -137 Multilateral 12 61 262 170 325 192 104 162 14 -60 Concessional 3 8 38 16 10 20 30 23 3 -6 Bilateral 29 190 81 ill 52 61 -31 -69 91 -77 Concessional 30 156 44 135 85 -3 48 -69 -37 -72 Private creditors 1 92 -191 77 -95 -117 496 384 592 6 Bonds 0 -5 -60 0 0 0 588 138 586 0 Commercial banks 0 27 -22 189 72 46 4 312 -36 -21 Other private 1 70 -109 -113 -167 -163 -96 -66 41 27 Private nonguaranteed 0 10 -7 -5 -5 .5 .5 -5 -5 -2 Bonds 0 0 0 0 0 0 0 0 0 0 Comimercial banks 0 10 -7 -5 -5 -5 -5 -5 -5 -2 Memo: IBRD 8 36 102 -37 101 15 -65 15 -46 -37 IDA 3 1 -2 -2 -2 -2 -2 -2 -2 -2 556 TUNISIA (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 INTEREST PAYMENTS (LINT) 18 228 394 398 419 462 486 507 479 485 Public and publicly guaranteed 18 212 384 390 412 454 478 499 469 476 Official creditors 8 74 247 288 308 362 368 369 339 327 Multilateral 2 28 148 191 208 231 251 264 243 225 Concessional 0 1 6 8 8 10 9 11 11 11 Bilateral 7 46 99 97 100 131 117 106 96 102 Concessional 6 29 66 66 67 94 78 71 66 62 Private creditors 10 138 138 102 103 92 110 130 131 149 Bonds 0 1 5 0 0 0 14 33 36 66 Conmmercial banks 0 69 35 30 39 43 55 64 69 55 Other private 10 68 97 72 65 49 41 33 26 28 Private nonguaranteed 0 16 10 8 7 7 8 8 9 8 Bonds 0 0 0 0 0 0 0 0 0 0 Comimercial banks 0 16 10 8 7 7 8 8 9 8 Memo: IBRD 1 23 103 119 117 124 129 115 103 90 IDA 0 1 1 0 0 0 0 0 0 0 NET TRANSFERS ON DEBT 23 125 -249 -46 -141 -331 79 -35 212 -617 Public and publicly guaranteed 23 131 -232 -33 -129 -318 91 -22 227 -607 Official creditors 32 177 96 -8 69 -109 -294 -276 -234 -464 Multilateral 10 33 114 -21 117 -40 -147 -101 -229 -285 Concessional 3 7 32 8 2 9 21 12 -8 -18 Bilateral 22 144 -18 14 -48 -70 -147 -175 -5 -180 Concessional 23 127 -23 70 18 -97 -30 -140 -103 -134 Private creditors -9 -46 -328 -25 -198 -209 386 254 461 -143 Bonds 0 -6 -65 0 0 0 574 105 550 -66 Comimercial banks 0 43 -57 160 33 3 -52 248 -105 -76 Other private -9 3 -206 -185 -231 -212 -137 -99 1 5 0 Private nonguaranteed 0 -6 -17 -13 -12 -12 -13 -13 -14 -10 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 -6 -17 -13 -12 -12 -13 -13 -14 -10 Memo: ILBRD 7 14 -1 -156 -16 -109 -194 -101 -148 -127 IDA 3 0 -2 -2 -3 -3 -3 -3 -3 -2 DEBT SERVICE (LTDS) 65 486 1,267 1,256 1,263 1,390 1,409 1,368 1,303 1,285 Public and publicly guaranteed 65 428 1,220 1,213 1,221 1,347 1,367 1,325 1,259 1,245 Official creditors 22 146 603 751 772 969 1,005 960 921 938 Multilateral 3 48 316 423 457 521 613 605 581 587 Concessional 0 1 13 22 22 26 27 33 31 43 Bilateral 20 98 287 327 315 448 391 356 340 352 Concessional 17 70 200 201 200 339 259 258 251 258 Private creditors 43 281 618 463 449 379 362 365 338 307 Bonds 0 6 65 0 0 0 14 33 36 66 Comfmercial banks 0 94 148 132 183 156 158 213 208 141 Other private 43 182 404 330 265 223 190 119 95 100 Private nonguaranteed 0 58 47 43 42 42 43 43 44 40 Bonds 0 0 0 0 0 0 0 0 0 0 Commnercial banks 0 58 47 43 42 42 43 43 44 40 Memo: IBRD 3 37 214 267 264 297 332 303 275 268 IDA 0 1 2 2 3 3 3 3 3 2 UNDISBURSED DEBT 319 2,050 3,861 3,818 3,947 3,411 3,907 3,606 3,304 3,939 Official creditors 270 1,578 3,118 3,074 3,375 2,985 3,290 3,054 2,865 3,381 Private creditors 50 472 743 744 572 426 617 551 439 558 Memorandum items Concessional LDOD 333 1,386 2,698 2,846 2,884 3,056 3,117 2,912 2,628 2,684 Variable rate LDOD 0 680 1,557 1,743 1,984 2,211 2,280 2,628 2,503 2,590 Public sector LDOD 528 3,120 6,662 7,190 7,406 7,995 9,111 9,458 9,424 9,726 Private sector LDOD 13 270 218 219 212 206 200 193 186 183 -6. CURRENCY CONEPOSITION OF LONG-TEP.M DEBT (PERCENT) Deutsche mark 8.7 10.8 11.0 9.7 8.5 8.0 7.1 5.9 6.0 6.1 French franc 23.4 21.1 13.6 13.5 13.1 14.4 13.5 11.7 9.9 10.3 Japanese yen 0.0 1.7 8.6 7.8 8.2 9.4 13.4 13.1 13.8 15.2 Pound sterling 0.8 0.2 0.1 0.1 0.0 0.0 0.0 0.0 0.0 0.0 Swiss franc 0.1 0.9 0.6 0.2 0.2 0.2 0.2 0.1 0.1 0.1 U.S.dollars 37.8 33.4 21.8 20.8 19.3 16.4 17.2 24.1 28.2 40.2 Multiple currency 5.5 8.4 22.7 23.6 26.0 27.0 24.6 22.8 21.1 7.4 Spe-cial drawing rights 0.0 0.0 0.3 0.3 0.2 0.2 0.2 0.1 0.1 0.2 All other currencies 23.7 23.5 21.3 24.0 24.5 24.4 23.8 22.2 20.8 20.5 557 TUNISL4A (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 7. DEBT RES rRUCTUJ RINGS Total amount rescheduled 0 0 0 0 0 0 0 0 Debt stock rescheduled 0 0 0 0 0 0 0 0 Principal rescheduled 0 0 0 0 0 0 0 0 Official 0 0 0 0 0 0 0 0 Private 0 0 0 0 0 0 0 0 Interest rescheduled 0 0 0 0 0 0 0 0 Official 0 0 0 0 0 0 0 0 Private 0 0 0 0 0 0 0 0 Debt forgiven ..7 1 0 1 0 0 0 0 Memo: interest forgiven 0 0 0 0 0 0 0 0 Debt stock reduction ..0 0 0 0 0 0 0 0 of which debt buyback 0 0 0 0 0 0 0 0 8. DEBT STOCK-FLOWV RECONCILIATION Total change in debt stocks 717 291 151 917 1,305 550 -143 -244 Net flows on debt 86 267 293 576 221 448 753 691 604 -681 Net change in interest arrears 0 -8 -2 0 0 0 0 0 Interest capitalized 0 0 0 0 0 0 0 0 Debt forgiveness or reduction ..-7 -1 0 -1 0 0 0 0 Cross-currency valuation 421 -275 -77 442 211 -476 -610 421 Residual ... 10 -1 9 28 341 335 -137 16 9. AVER.AGE TERA~IS OF NEW CONE%MFTI%ENT-S ALL CREDITORS Interest (%) 3.5 6.7 6.8 7.1 6.1 7.8 6.3 4.7 5.7 3.8 Maturity (years) 27.4 18.1 14.1 13.4 16.9 18.1 16.8 15.5 18.0 19.1 Grace period (years) 6.4 5.4 3.9 3.7 5.1 5.3 4.8 4.5 10.0 5.4 Grant element (%) 47.9 23.4 18.4 13.7 23.9 13.3 20.2 29.2 29.2 39.7 Official creditors Interest (%) 2.7 5.6 5.8 6.2 6.1 7.7 6.8 5.0 4.8 3.1 Maturity (years) 32.0 20.9 18.1 15.1 17.7 18.5 24.1 19.3 19.0 19.5 Grace period (years) 7.6 6.5 5.2 4.8 5.3 5.5 4.5 5.5 5.1 5.6 Grant element (%) 57.2 31.0 26.8 20.8 24.9 13.8 21.1 33.7 33.7 45.0 Private creditors Interest (%) 6.3 9.6 8.1 8.3 6.3 9.1 5.9 4.3 6.5 6.2 Maturity (years) 11.0 10.7 8.8 11.2 10.1 10.3 8.8 9.4 17.0 18.1 Grace period (years) 1.9 2.4 2.1 2.2 2.9 0.8 5.1 2.9 14.8 4.7 Grant element (%) 15.1 2.8 6.9 4.2 15.3 2.7 19.1 22.1 24.8 21.7 Memorandum items Commitmnents 144 777 801 1,286 1,476 810 1,947 1,708 1,505 1,173 Official creditors 112 567 462 733 1,315 773 1,022 1,049 748 905 Private creditors 32 210 339 553 161 37 925 660 758 268 10. CONTRACTUAL OBLIGATIONS ON OLUTSrAN-DING LONG-TERMI DEBT 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 TOTAL Disbursements 1,119 1,044 685 425 256 164 94 49 28 15 Principal 1,201 1,466 1,114 1,089 1,092 1,011 1,053 846 1,019 659 Interest 591 583 539 492 440 386 335 280 235 177 Official creditors Disbursements 842 879 624 398 249 161 93 48 28 15 Principal 901 832 841 848 869 848 802 735 668 586 Interest 409 420 400 368 330 289 248 208 171 138 Bilateral creditors Disbursements 438 362 224 129 69 35 13 1 0 0 Principal 469 392 380 380 374 370 356 345 322 282 Interest 145 161 155 144 131 117 102 87 73 59 Multilateral creditors Disbursements 404 517 400 269 180 126 80 48 27 15 Principal 432 440 461 468 495 478 445 390 346 305 Interest 264 259 245 224 199 172 146 121 99 79 Private creditors Disbursements 277 165 61 27 7 4 1 1 0 0 Principal 300 635 273 240 224 163 252 112 351 73 Interest 182 163 139 123 109 97 87 72 64 39 Commercial banks Disbursements 163 96 34 15 1 0 0 0 0 0 Principal 170 178 167 142 129 65 57 5 1 40 3 1 Interest 74 68 57 46 36 28 23 18 14 1 1 Other private Disbursements 114 70 27 1 2 7 3 1 1 0 0 Principal 130 457 106 99 95 98 194 61 311 42 Interest 107 95 82 77 73 69 64 54 50 28 558 TURKEY (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 I. SU NIMMARI'DEBT DA rA TOTAL DEBT STOCKS (EDT) 19,131 49,424 S6,554 68,608 66,255 73,790 81,832 91,162 102,074 Long-term debt (LDOD) 1,888 15,575 39,924 43,894 50,075 54,601 57,405 60,634 67,934 74,450 Public and publicly guaranteed 1,846 15,040 38,870 40,463 44,067 48,443 50,326 48,216 47,590 49,932 Private nonguaranteed 42 535 1,054 3,431 6,008 6,159 7,079 12,418 20,344 24,518 Use of IMF credit 74 1,054 0 0 0 344 685 662 594 388 Short-term debt 2,502 9,500 12,660 18,533 11,310 15,701 20,536 22,634 27,236 of which interest arrears on LDOD 12 0 0 0 0 0 0 0 0 Official creditors 12 0 0 0 0 0 0 0 0 Private creditors 0 0 0 0 0 0 0 0 0 Memo: principal arrears on LDOD 23 0 0 0 0 0 0 0 0 Official creditors 21 0 0 0 0 0 0 0 0 Private creditors 1 0 0 0 0 0 0 0 0 Memo: export credits 0 11,519 11,485 11,280 12,831 11,056 12,111 13,928 16,487 TOTAL DEBT FLOWS Disbursements 407 3,115 5,243 8,425 10,003 5,982 6,980 12,090 17,486 7,812 Long-termn debt 332 2,475 5,243 8,425 10,003 5,644 6,638 12,090 17,486 7,812 HOF purchases 75 640 0 0 0 337 341 0 0 0 Principal repayments 158 750 4,010 5,330 4,635 6,277 7,017 6,476 6,794 8,332 Long-term debt 131 595 3,961 5,330 4,635 6,277 7,017 6,476 6,767 8,108 IMF repurchases 27 155 49 0 0 0 0 0 28 223 Net flows on debt 1,033 1,259 4,988 6,638 11,241 -7,518 4,353 10,448 12,790 4,082 of which short-termndebt -1,106 3,755 3,543 5,873 -7,223 4,391 4,835 2,098 4,602 Interest payments (INT) 858 3,412 3,756 4,026 3,979 4,431 4,619 4,555 4,870 Long-term debt 44 507 2,891 3,186 3,176 3,199 3,464 3,389 3,226 3,398 IMF charges 0 5 1 4 0 0 4 24 30 29 25 Short-term debt .. 299 517 570 850 776 942 1,200 1,300 1,447 Net transfers on debt .. 402 1,576 2,882 7,215 -11,497 -77 5,829 8,235 -788 Total debt service paid (TDS) .. 1,607 7,422 9,086 8,661 10,255 11,448 11,095 11,349 13,202 Long-term debt 176 1,102 6,852 8,516 7,811 9,476 10,482 9,866 9,993 11,507 IMF repurchases and charges 27 206 53 0 0 4 24 30 57 248 Short-term debt (interest only) .. 299 517 570 850 776 942 1,200 1,300 1,447 2. AGGREGATE NEr RESOUIRCE FLOWS AND NET TRANSFERS tLONG-TERNI, NET RESOURCE FLOWS 300 2,083 2,805 4,211 6,994 1,344 1,575 7,409 12,157 1,585 Net flow of long-termn debt (ex. IMF) 201 1,880 1,282 3,095 5,368 -632 -379 5,613 10,720 -297 Foreign direct investment (net) 58 1 8 684 844 636 608 885 722 805 940 Portfolio equity flows 0 0 35 0 534 1,059 630 799 577 880 Grants (excluding technical coop.) 4 1 185 804 272 457 309 439 274 56 62 Memo: technical coop. grants 14 38 149 179 175 175 198 212 176 128 official net resource flows 257 1,423 1,023 -237 -280 -294 -741 -566 -65 -57 private net resource flows 43 660 1,782 4,448 7,274 1,637 2,316 7,975 12,223 1,641 NET TRANSFERS 222 1,545 -247 605 3,399 -2,285 -2,329 3,519 8,402 -2,364 Interest on long-term debt 44 507 2,891 3,186 3,176 3,199 3,464 3,389 3,226 3,398 Profit remittances on FDI 34 3 1 161 420 419 430 440 500 530 550 Memo: official net transfers 220 1,212 -20 -1,294 -1,394 -1,272 -1,717 -1,397 -764 -862 private net transfers 2 333 -227 1,900 4,793 -1,014 -612 4,916 9,165 -1,502 3. NI%AJOR ECONOMEIC AGGREGATES Gross national product (GNP) 18,071 69,742 152,300 161,763 181,619 130,355 172,071 184,215 194,350 204,188 Exports of goods & services (XGS) .. 5,743 25,205 28,318 30,317 32,708 41,397 50,616 58,101 62,378 of which workers remiittances .. 2,071 3,246 3,008 2,919 2,627 3,327 3,542 4,197 5,356 Im~ports of goods & services (MGS) .. 9,251 29,077 30,343 37,599 30,542 44,904 53,958 61,449 60,878 Intemnational reserves (RES) 440 3,298 7,626 7,508 7,846 8,633 13,891 17,819 19,746 20,568 Current account balance .. -3,408 -2,625 -974 -6,433 2,631 -2,338 -2,437 -2,679 1,871 4. DEBT INDICATORS EDT /XGS (%) .. 333.1 196.1 199.7 226.3 202.6 178.3 161.7 156.9 163.6 EDT /GNP (%) .. 27.4 32.5 35.0 37.8 50.8 42.9 44.4 46.9 50.0 TDS /XGS (%) .. 28.0 29.4 32.1 28.6 31.4 27.7 21.9 19.5 21.2 INT /XGS (%) .. 14.9 13.5 13.3 13.3 12.2 10.7 9.1 7.8 7.8 ILNT /GNP (%) .. 1.2 2.2 2.3 2.2 3.1 2.6 2.5 2.3 2.4 RES /EDT (%) .. 17.2 15.4 13.3 11.4 13.0 18.8 21.8 21.7 20.2 RES /MGS (months) .. 4.3 3.2 3.0 2.5 3.4 3.7 4.0 3.9 4.1 Short-term /EDT (%) .. 13.1 19.2 22.4 27.0 17.1 21.3 25.1 24.8 26.7 Concessional /EDT (%) .. 20.4 15.1 12.8 10.4 11.6 10.2 8.0 6.2 5.7 Multilateral /EDT (%) .. 11.2 19.5 17.0 13.6 14.0 12.1 9.4 7.3 6.3 559 TURKEY (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 5. LONG-TERMI DEBT DEBT OUTSTANDING (LDOD) 1,888 15,575 39,924 43,894 50,075 54,601 57,405 60,634 67,934 74,450 Public and publicly guaranteed 1,846 15,040 38,870 40,463 44,067 48,443 50,326 48,216 47,590 49,932 Official creditors 1,766 9,636 18,150 17,611 17,055 17,848 17,333 15,202 13,728 14,546 Multilateral 383 2,149 9,627 9,590 9,325 9,298 8,962 7,708 6,606 6,469 Concessional 110 242 825 961 1,020 1,114 1,145 855 691 604 Bilateral 1,383 7,487 8,523 8,021 7,730 8,550 8,371 7,494 7,122 8,077 Concessional 1,328 3,661 6,625 6,287 6,079 6,566 6,413 5,718 4,991 5,220 Private creditors 81 5,405 20,720 22,852 27,012 30,595 32,993 33,014 33,862 35,386 Bonds 20 64 4,976 8,081 11,755 13,022 13,646 14,185 15,075 14,632 Commiercial banks 8 4,112 13,403 11,794 11,864 13,707 15,643 15,358 15,319 17,415 Other private 53 1,229 2,341 2,977 3,393 3,865 3,705 3,470 3,468 3,339 Private nonguaranteed 42 535 1,054 3,431 6,008 6,159 7,079 12,418 20,344 24,518 Bonds 0 0 16 66 50 149 149 174 124 794 Commercial banks 42 535 1,038 3,365 5,958 6,009 6,929 12,244 20,220 23,724 Memo: IBRD 54 1,158 6,272 5,564 5,285 5,195 4,939 4,260 3,587 3,446 IDA 83 189 157 148 142 136 130 124 118 112 DISBURSEMENTS 332 2,475 5,243 8,425 10,003 5,644 6,638 12,090 17,486 7,812 Public and publicly guaranteed 331 2,400 4,700 6,196 6,764 4,281 4,862 5,728 8,323 6,265 Official creditors 310 1,618 2,139 1,345 1,133 1,250 808 1,144 1,810 1,647 Multilateral 126 476 1,083 885 747 474 466 634 539 426 Concessional 7 10 12 0 82 25 8 2 44 3 Bilateral 185 1,142 1,056 461 387 777 342 510 1,271 1,220 Concessional 177 801 900 197 163 357 117 241 380 232 Private creditors 21 782 2,562 4,850 5,631 3,030 4,053 4,584 6,514 4,619 Bonds 0 0 644 3,043 3,709 898 2,343 2,921 3,711 1,997 Commercial banks 0 600 1,435 1,167 815 1,294 1,256 1,100 1,958 2,212 Other private 21 182 483 640 1,108 838 455 563 845 410 Private nonguaranteed 1 75 543 2,230 3,239 1,364 1,777 6,362 9,163 1,546 Bonds 0 0 0 50 0 99 0 25 0 670 Commercial banks 1 75 543 2,180 3,239 1,264 1,777 6,337 9,163 876 Memo: IBRD 18 313 627 286 354 343 422 489 266 271 IDA 7 0 0 0 0 0 0 0 0 0 PRINCIPAL REPAYMENTS 131 595 3,961 5,330 4,635 6,277 7,017 6,476 6,767 8,108 Public and publicly guaranteed 128 566 3,677 4,604 3,973 4,777 5,984 5,454 5,530 7,298 Official creditors 95 379 1,920 1,854 1,870 1,853 1,988 1,985 1,931 1,765 Multilateral 70 66 825 1,048 1,137 1,180 1,229 1,259 1,090 941 Concessional 22 1 23 19 1 3 33 54 197 139 125 Bilateral 24 314 1,094 807 732 673 759 726 841 824 Concessional 18 77 364 413 388 433 465 435 531 391 Private creditors 34 186 1,758 2,749 2,104 2,924 3,996 3,470 3,599 5,533 Bonds 0 1 47 389 103 539 1,716 1,368 1,686 3,201 Commiercial banks 1 154 1,204 1,462 1,306 1,827 1,579 1,454 1,259 1,689 Other private 32 31 508 899 695 558 701 648 654 643 Private nonguaranteed 3 29 283 726 662 1,500 1,033 1,022 1,237 810 Bonds 0 0 0 0 16 0 0 0 50 0 Commercial banks 3 29 283 726 646 1,500 1,033 1,022 1,187 810 Memo: IBRD 3 45 620 728 748 800 882 815 692 637 IDA 0 1 4 5 6 6 6 6 6 6 NET FLOWS ON DEBT 201 1,880 1,282 3,095 5,368 -632 -379 5,613 10,720 -297 Public and publicly guaranteed 203 1,834 1,023 1,592 2,791 -496 -1,123 273 2,794 -1,033 Official creditors 216 1,239 219 -509 -737 -603 -1,180 -841 -121 -118 Multilateral 55 410 258 -163 -391 -707 -763 -625 -552 -515 Concessional -15 9 -11 -19 69 -8 -45 -195 -96 -122 Bilateral 160 828 -39 -346 -346 104 -417 -216 430 396 Concessional 158 724 536 -216 -225 -77 -348 -194 -152 -159 Private creditors -13 596 804 2,101 3,527 107 57 1,114 2,915 -915 Bonds 0 -1 597 2,654 3,605 360 627 1,553 2,025 -1,205 Commercial banks -1 446 231 -295 -491 -533 -323 -354 699 524 Other private -11 151 -25 -259 413 280 -246 -85 191 -233 Private nonguaranteed -2 46 260 1,504 2,577 -136 744 5,340 7,926 736 Bonds 0 0 0 50 -16 99 0 25 -50 670 Commercial banks -2 46 260 1,454 2,593 -236 744 5,315 7,976 66 Memo: ]IBRD 15 268 6 -442 -394 -457 -460 -326 -426 -366 IDA 7 -1 -4-5 -6 -6 -6 -6 -6 -6 560 TURKEY (US$ million, unless otherwise indicated) 1970 1980- 1990 1992 1993 1994 1995 1996 1997 1998 INTEREST PAYMENTS (LINT) 44 507 2,891 3,186 3,176 3,199 3,464 3,389 3,226 3,398 Public and pubticly guaranteed 42 487 2,830 2,861 2,997 2,875 3,126 2,918 2,961 3,214 Official creditors 37 211 1,043 1,057 1,114 978 977 830 698 805 Multilateral 11 128 688 713 693 668 656 561 466 519 Concessional 2 4 30 44 35 40 44 36 24 22 Bilateral 26 84 355 345 421 310 321 270 232 287 Concessional 25 33 172 216 303 204 204 172 154 139 Private creditors 5 276 1,787 1,804 1,883 1,897 2,149 2,088 2,262 2,409 Bonds 1 4 383 533 741 993 1,074 1,009 993 1,173 Commnercial banks 1 250 1,204 983 891 662 782 780 1,045 1,005 Other private 3 21 200 288 250 242 293 300 224 231 Private nonguaranteed 2 20 61 325 179 324 339 471 265 185 Bonds 0 0 1 2 2 2 13 12 13 12 Commercial banks 2 20 60 323 177 322 326 459 252 173 Memo: IBRD 3 88 512 479 436 418 396 339 273 245 IDA 1 1 1 1 1 1 1 1 1 1 NET TRANSFERS ON DEBT 156 1,373 -1,609 -91 2,192 -3,831 -3,843 2,224 7,494 -3,695 Public and publicly guaranteed 161 1,347 -1,808 .1,269 -206 .3,371 -4,248 -2,645 -167 .4,247 Official creditors 178 1,027 -824 -1,566 -1,851 -1,580 -2,157 -1,671 -820 -924 Multilateral 44 283 -431 -875 -1,084 -1,374 -1,418 -1,185 -1,018 -1,033 Concessional -17 5 -41 -62 34 -48 -89 -231 -120 -143 Bilateral 134 744 -394 -691 -767 -206 -738 -485 198 109 Concessional 134 691 363 -432 -528 -281 -552 -366 -305 -298 Private creditors -18 320 -983 297 1,645 -1,790 -2,092 -974 653 -3,323 Bonds -1 -5 214 2,121 2,864 -634 -447 544 1,033 -2,378 Commercial banks -2 196 -973 -1,278 -1,382 -1,195 -1,106 -1,134 -347 -481 Other private -15 130 -225 -547 163 38 -539 -385 -33 -464 Private nonguaranteed -5 26 199 1,179 2,398 -461 405 4,869 7,661 552 Bonds 0 0 -1 48 -18 98 -13 13 -63 658 Commercial banks -5 26 200 1,131 2,416 -558 418 4,856 7,724 -107 Memo: IBRD 12 179 -505 -921 -829 -875 -856 -665 -699 -611 IDA 7 -2 -5 -6 -7 -7 -7 -7 -7 -7 DEBT SERVICE (LTDS) 176 1,102 6,852 8,516 7,811 9,476 10,482 9,866 9,993 11,507 Public and publicly guaranteed 170 1,053 6,508 7,465 6,970 7,651 9,110 8,372 8,490 10,512 Official creditors 132 591 2,963 2,912 2,984 2,831 2,965 2,815 2,630 2,570 Multilateral 81 193 1,514 1,760 1,830 1,848 1,885 1,820 1,557 1,459 Concessional 24 5 53 62 48 73 98 233 163 147 Bilateral 51 398 1,449 1,152 1,153 983 1,081 995 1,073 1,111 Concessional 43 110 537 628 691 638 669 607 685 530 Private creditors 38 462 3,545 4,553 3,986 4,821 6,145 5,558 5,861 7,942 Bonds 1 5 430 922 845 1,532 2,790 2,377 2,678 4,375 Commercial banks 2 405 2,408 2,445 2,197 2,489 2,361 2,233 2,304 2,693 Other private 35 52 707 1,187 945 800 994 948 878 874 Private nonguaranteed 6 49 344 1,051 841 1,824 1,372 1,493 1,502 995 Bonds 0 0 1 2 18 2 13 12 63 12 Commercial banks 6 49 343 1,049 823 1,822 1,359 1,481 1,439 983 Memo: IBRD 6 133 1,132 1,207 1,183 1,218 1,278 1,154 965 882 IDA 1 3 5 6 7 7 7 7 7 7 UNDISBURSED DEBT 857 3,706 8,563 8,411 9,392 8,251 7,624 7,824 6,847 8,324 Official creditors 753 2,938 4,823 5,381 5,487 4,577 3,765 4,305 3,326 3,370 Private creditors 104 768 3,740 3,031 3,905 3,674 3,859 3,519 3,521 4,954 Memorandum items Concessional LDOD 1,438 3,903 7,450 7,248 7,099 7,680 7,558 6,573 5,682 5,824 Variable rate LDOD 58 4,122 13,577 15,442 18,223 18,636 19,393 23,657 31,917 35,345 Public sector LDOD 1,839 14,956 38,570 39,929 43,542 48,078 50,129 48,100 47,521 49,888 Private sector LDOD 50 620 1,354 3,965 6,533 6,524 7,265 12,524 20,403 24,562 6. CURRENCI' C(MNPOSITION OF LONG-TERM DEBT (PERCENT) Deutsche mark 17.6 17.0 17.4 17.1 17.3 17.6 16.7 16.8 21.2 22.4 French franc 3.2 5.6 1.6 1.8 1.6 1.6 1.6 1.6 1.5 1.3 Japanese yen 0.0 4.0 12.1 18.7 21.6 23.2 23.3 22.0 18.5 15.8 Pound sterling 6.0 3.8 0.8 0.6 1.0 1.0 0.9 1.0 0.9 1.0 Swiss franc 1.6 8.6 5.2 3.8 3.3 3.0 2.9 2.0 1.6 1.1 U.S.dollars 49.3 43.5 40.0 36.4 36.4 36.2 38.3 41.4 49.2 51.7 Multiple currency 9.1 8.1 18.9 17.4 15.7 14.3 13.3 12.1 3.5 3.1 Special drawing rights 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 All other currencies 13.2 9.4 4.0 4.2 3.1 3.1 3.0 3.1 3.6 3.6 561 TURKEY (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 7. DEBTr RESTRLICTUIRINGS Total amount rescheduled 0 0 0 0 0 0 0 0 Debt stock rescheduled 0 0 0 0 0 0 0 0 Principal rescheduled ..0 0 0 0 0 0 0 0 Official 0 0 0 0 0 0 0 0 Private 0 0 0 0 0 0 0 0 Interest rescheduled 0 0 0 0 0 0 0 0 Official 0 0 0 0 0 0 0 0 Private 0 0 0 0 0 0 0 0 Debt forgiven 0 0 9 0 0 0 0 0 Memo: interest forgiven 0 0 0 0 0 0 0 0 Debt stock reduction 0 0 0 0 0 0 0 0 of which debt buyback 0 0 0 0 0 0 0 0 8. DEBT STOCK-FLOW RECONCILIATION Total change in debt stocks 7,847 5,680 12,054 -2,353 7,535 8,042 9,330 10,912 Net flows on debt 1,033 1,259 4,988 6,638 11,241 -7,518 4,353 10,448 12,790 4,082 Net change in interest arrears ..0 0 0 0 0 0 0 0 Interest capitalized 0 0 0 0 0 0 0 0 Debt forgiveness or reduction ..0 0 -9 0 0 0 0 0 Cross-currency valuation 2,172 -1,057 373 2,920 655 -2,580 -2,729 2,029 Residual ... 687 99 449 2,246 2,527 174 -731 4,801 9. AVERAGE TERMAS OF NEWICOMIMITMENTS ALL CREDITORS Interest (%) 3.6 8.3 8.4 7.3 5.9 6.2 6.2 6.5 7.5 6.1 Maturity (years) 19.0 16.4 10.2 8.4 10.0 10.4 5.4 9.0 8.0 7.8 Grace period (years) 4.8 5.0 4.6 4.8 5.7 4.7 2.9 4.3 5.0 4.0 Grant element (%) 37.5 17.4 9.2 11.4 20.1 18.6 11.5 16.6 9.8 14.8 Offlcial creditors Interest (%) 3.4 7.1 6.7 7.0 4.6 6.0 5.4 4.9 6.7 7.1 Maturity (years) 19.6 18.3 17.0 14.3 20.3 13.7 17.7 16.6 11.2 12.1 Grace period (years) 4.9 5.7 7.3 6.1 6.6 4.8 5.7 4.9 4.2 4.2 Grant element (%) 39.1 22.9 23.4 17.2 38.1 22.2 27.6 31.5 16.0 15.6 Private creditors Interest (%) 5.5 14.4 9.4 7.4 6.2 6.2 6.3 7.2 7.6 5.8 Maturity (years) 13.7 7.4 6.5 6.2 7.8 9.5 4.5 5.5 7.4 6.4 Grace period (years) 3.1 1.9 3.2 4.3 5.5 4.7 2.7 4.0 5.1 4.0 Grant element (%) 22.7 -9.6 1.5 9.3 16.1 17.5 10.3 10.0 8.6 14.5 Memorandum items Commitmnents 489 2,925 4,628 6,756 8,032 3,800 4,435 6,395 7,899 6,917 Official creditors 440 2,426 1,624 1,805 1,460 890 318 1,981 1,228 1,660 Private creditors 49 499 3,004 4,952 6,572 2,910 4,118 4,414 6,671 5,257 10. CONTRACTUAL OBLIGATIONS ON OUTSTANDING LONG-TERNI DEBT 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 TOTAL Disbursements 3,969 2,314 1,087 470 152 121 83 58 36 13 Principal 8,013 8,355 8,982 7,142 7,280 4,527 4,916 3,944 4,571 2,886 Interest 3,880 3,547 3,166 2,647 2,304 1,910 1,688 1,457 1,265 1,015 Official creditors Disbursements 1,120 859 604 303 152 121 83 58 36 13 Principal 1,880 2,002 2,498 1,565 1,765 1,115 995 858 760 682 Interest 779 708 627 497 411 317 268 224 187 155 Bilateral creditors Disbursements 647 402 212 99 36 22 3 0 0 0 Principal 830 844 852 840 1,114 583 531 454 425 387 Interest 328 313 285 252 208 150 130 112 97 84 Multilateral creditors Disbursements 473 457 392 205 116 99 80 58 36 13 Principal 1,050 1,158 1,646 725 651 532 464 404 335 296 Interest 451 395 342 245 203 167 138 112 90 71 Private creditors Disbursements 2,849 1,456 483 167 0 0 0 0 0 0 Principal 6,133 6,353 6,484 5,577 5,515 3,413 3,922 3,086 3,811 2,204 Interest 3,102 2,839 2,539 2,150 1,893 1,593 1,420 1,233 1,077 860 Commercial banks Disbursements 2,505 1,334 466 164 0 0 0 0 0 0 Principal 1,288 1,828 1,322 1,320 2,099 529 475 377 292 202 Interest 953 936 871 809 730 626 601 579 563 553 Other private Disbursements 344 122 1 7 2 0 0 0 0 00 Principal 4,846 4,525 5,162 4,257 3,416 2.883 3,447 2,709 3,519 2,002 Interest 2,149 1,903 1,667 1,342 1,163 967 819 654 514 307 562 TURKMENISTAN (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 1. SUMMARY DEBT DArA TOTAL DEBT STOCKS (EDT) 276 431 402 751 1,771 2,266 Long-term debt (LDOD) 276 346 385 464 1,242 1,745 Public and publicly guaranteed 276 346 385 464 1,242 1,731 Private nonguaranteed 0 0 0 0 0 14 Useof IMF credit ..0 0 0 0 0 0 Short-term debt 0 85 17 287 529 521 of which interest arrears on LDOD 0 5 9 14 9 19 Officialicreditors ..0 4 5 7 3 4 Private creditors 0 1 5 8 6 15 Memo: principal arrears on LDOD 0 34 130 50 73 115 Official creditors 0 16 115 29 37 54 Private creditors 0 18 15 22 36 61 Memo: export credits 0 149 101 259 483 1,033 TOTAL DEBT FLOWS Disbursements -- 240 137 113 240 986 685 Long-term debt 240 137 113 240 986 685 R-MF7purchases 0 0 0 0 0 0 Principal repayments - 9 72 80 154 196 219 Long-termndebt .. 9 72 80 154 196 219 IMF repurchases 0 C 0 0 0 0 Net flows on debt . - - . 231 145 -39 350 1,039 449 of which short-termn debt ..0 80 -72 264 248 -18 Interest payments (INT) -- - . 2 28 24 39 68 92 Long-term debt ... .2 26 22 27 46 66 IMFcharges ......0 0 0 0 0 0 Short-term debt ......0 2 2 12 22 26 Net transfers on debt . - . .. 229 118 -63 311 971 357 Total debt service paid (TDS) . - - .. 10 100 104 193 263 311 Long-term debt ...... 10 98 102 180 242 285 ilviF repurchases and charges ......0 0 0 0 0 0 Short-termn debt (interest only) ......0 2 2 12 22 26 2. AGGREGATE NET RI SOUJRCE FLO~%S.AND NE rr TA-NSFERS iLONG-TERM i NET RESOURCE FLOWS - . - 246 77 34 196 902 601 Net flow of long-term debt (ex. IMF) ...... 231 65 33 86 791 466 Foreign direct investment (net) ......0 0 0 108 108 130 Portfolio equity flows ......0 0 0 0 0 0 Grants (excluding technical coop.) ......15 11 1 1 3 5 Memo: technical coop. grants ......1 3 11 12 7 11 official net resource flows ...... 164 62 14 -78 31 128 private net resource flows ...... 82 14 20 274 870 473 NET TRANSFERS -. - - 244 51 12 169 856 535 Interest on long-term debt ... .2 26 22 27 46 66 Profit renmittances on FDI ... 0 0 0 0 0 0 Memo: official net transfers ... 163 44 2 -88 23 121 private net transfers ... .81 6 10 257 833 414 3. M4AJOR ECONONMIC.-AGGREGATES Gross national product (GNP) ...... 5,708 4,686 4,339 3,992 2,987 2,585 Exports of goods & services (XGS) ...... 2,718 2,276 2,231 1,815 900 741 of which workers remittances . .. .. .. Imports of goods & services (MGS) *.. 1,954 2,193 2,219 1,818 1,449 1,702 Intemnational reserves (RES) . .. Cuffent account balance ... 776 84 24 2 -580 -935 4. DEBTr INDICAXTORS EDT /XGS(% ...... 10.2 18.9 18.0 41.4 196.8 306.0 EDT /GNP(% ...... 4.8 9.2 9.3 18.8 59.3 87.7 TDS / XGS ()...... 0.4 4.4 4.7 10.6 29.3 42.0 INT /XGS(% ...... 0.1 1.2 1.1 2.1 7.5 12.4 INT /GNP(% ...... 0.0 0.6 0.6 1.0 2.3 3.5 RES /EDT(% .. .. .. .. RES / MGS (months) . . . . . Short-term I EDT (%) ...... 0.0 19.7 4.3 38.2 29.9 23.0 Concessional / EDT ()...... 3.3 4.6 4.9 2.6 2.2 5.2 Multilateral /EDT (%) ...... 9.1 12.4 14.5 0.4 1.1 1.6 563 TURKMENISTAN (U$ ilio,unes ohewseinicte) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 5. LONG-TERM% DEBTY DEBT OUTSTANDING (LDOD) 276 346 385 464 1,242 1,745 Public and publicly guaranteed 276 346 385 464 1,242 1,731 Official creditors 148 203 219 136 160 285 Multilateral 25 54 58 3 19 37 Concessional 0 0 0 0 0 0 Bilateral 123 149 161 133 141 248 Concessional 9 20 20 20 38 118 Private creditors 129 144 166 328 1,083 1,447 Bonds 0 0 0 0 0 0 Commercial banks 0 0 0 0 89 60 Other private 129 144 166 328 994 1,387 Private nonguaranteed 0 0 0 0 0 14 Bonds 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 14 Memo: IBRD 0 0 1 3 6 9 IDA 0 0 0 0 0 0 DISBURSEMENTS 240 137 113 240 986 685 Public and publicly guaranteed 240 137 113 240 986 685 Official creditors 149 70 32 22 57 133 Multilateral 26 25 1 3 16 1 8 Concessional 0 0 0 0 0 0 Bilateral 123 45 3 1 20 41 115 Concessional 9 1 1 0 0 20 70 Private creditors 91 67 8 1 217 930 553 Bonds 0 0 0 0 0 0 Commercial banks 0 0 0 0 130 0 Other private 9 1 67 8 1 217 800 553 Private nonguaranteed 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 Memo: IBRD 0 0 1 3 3 2 IDA 0 0 0 0 0 0 PRINCIPAL REPAYMENTS 9 72 80 154 196 219 Public and publicly guaranteed 9 72 80 154 196 216 Official creditors 0 19 20 102 28 9 Multilateral 0 0 0 55 0 0 Concessional 0 0 0 0 0 0 Bilateral 0 19 20 46 28 9 Concessional 0 0 0 0 0 0 Private creditors 9 53 61 52 167 206 Bonds 0 0 0 0 0 0 Commercial banks 0 0 0 0 41 30 Other private 9 53 6 1 52 127 177 Private nonguaranteed 0 I) 0 0 0 3 Bonds 0 0 0 0 0 0 Comimercial banks 0 0 0 0 0 3 Memo: IBRD 0 0 0 0 0 0 IDA 0 0 0 0 0 0 NET FLOWS ON DEBT 231 65 33 86 791 466 Public and publicly guaranteed 231 65 33 86 791 470 Official creditors 149 5 1 13 -79 28 123 Multilateral 26 25 1 -53 16 18 Concessional 0 0 0 0 0 0 Bilateral 123 26 12 -27 12 105 Concessional 9 1 1 0 0 20 70 Private creditors 82 14 20 165 762 346 Bonds 0 0 0 0 0 0 Commercial banks 0 0 0 0 89 -30 Other private 82 14 20 165 673 376 Private nonguaranteed 0 0 0 0 0 -3 Bonds 0 0 0 0 0 0 Comimercial banks 0 0 0 0 0 -3 Memo: IBRD 0 0 1 3 3 2 IDA 0 0 0 0 0 0 564 TURKMENISTAN (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 INTEREST PAYMENTS (LINT) ..2 26 22 27 46 66 Public and publicly guaranteed ..2 26 22 27 46 66 Official creditors 1 18 12 10 9 7 Multilateral 0 7 2 4 1 2 Concessional 0 0 0 0 0 0 Bilateral ..0 12 10 6 7 5 Concessional 0 0 1 1 1 2 Private creditors 1 8 10 17 37 59 Bonds 0 0 0 0 0 0 Commercial banks ..0 0 0 0 2 5 Other private 1 8 10 17 35 54 Private nonguaranteed 0 0 0 0 0 1 Bonds ...0 0 0 0 0 0 Commercial banks 0 0 0 0 0 1 Memo: IBRD ..0 0 0 0 0 0 IDA ..0 0 0 0 0 0 NET TRANSFERS ON DEBT ..229 39 11 59 745 400 Public and publicly guaranteed 229 39 11 59 745 404 Official creditors 148 33 1 -89 20 116 Multilateral 26 18 -1 -56 15 16 Concessional ... 0 0 0 0 0 0 Bilateral 122 15 2 -33 5 100 Concessional 9 1 1 -1 -1 19 68 Private creditors ..81 6 10 149 725 288 Bonds 0 0 0 0 0 0 Commercial banks 0 0 0 0 87 -34 Other private 81 6 10 149 638 322 Private nonguaranteed 0 0 0 0 0 -4 Bonds 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 -4 Memo: IBRD 0 0 1 2 3 2 IDA 0 0 0 0 0 0 DEBT SERVICE (LTDS) 10 98 102 180 242 285 Public and publicly guaranteed 10 98 102 180 242 281 Official creditors ...1 37 31 112 37 16 Multilateral ..0 7 2 59 1 2 Concessional ..0 0 0 0 0 0 Bilateral 0 30 29 53 36 15 Concessional 0 0 1 1 1 2 Private creditors 10 61 71 69 205 265 Bonds 0 0 0 0 0 0 Commercial banks 0 0 0 0 43 34 Other private 10 61 71 69 162 231 Private nonguaranteed .... ..0 0 0 0 0 4 Bonds 0 0 0 0 0 0 Conumercial banks 0 0 0 0 0 4 Memo: IBRD 0 0 0 0 0 0 IDA 0 0 0 0 0 0 UNDISBURSED DEBT .... .. 71 108 265 756 1,038 597 Official creditors 44 103 93 218 423 312 Private creditors 27 5 172 538 615 285 Memorandum items Concessional LDOD .... ..9 20 20 20 38 118 Variable rate LDOD .... .. 268 281 276 284 937 1,383 Public sector LDOD ... . 276 346 385 464 1,242 1,731 Private sector LDOD ...0 0 0 0 0 14 6. CURRENCY COM!~POSITION OF LONG-TERAM DEBT (PERCENT3 Deutsche mark ...0.0 7.2 12.3 14.3 9.9 14.4 French franc ...0.0 0.0 0.0 0.0 0.0 0.0 Japanese yen ...... 0.0 0.0 0.0 0.0 1.1 5.9 Pound sterling .... .. 0.0 0.0 0.0 0.0 0.0 0.0 Swiss franc ... .. .0 0.0 0.0 0.0 0.0 0.0 U.S.dollars ...... 90.9 77.0 72.1 84.7 88.3 79.1 Multiple currency .... .. 0.0 0.0 0.2 0.7 0.7 0.5 Special drawing rights .... .. 0.0 0.0 0.0 0.0 0.0 0.0 All other currencies .... .9.1 15.8 15.4 0.3 0.0 0.1 565 TURKMENISTAN (US$ million, unless otherwise indicated) 1970 1980 --1990- 1992 1993 1994 1995 1996 1997 1998 7. DEBT RESTRUICTRING Total amount rescheduled .. 0 0 0 0 0 0 Debt stock rescheduled .. 0 0 0 0 0 0 Principal rescheduled .. 0 0 0 0 0 0 Official 0 0 0 0 0 0 Private ...0 0 0 0 0 0 Interest rescheduled 0 0 0 0 0 Official 0 0 0 0 0 0 Private ..0 0 0 0 0 0 Debt forgiven 0 0 0 0 0 0 Memo: interest forgiven ..0 0 0 0 0 0 Debt stock reduction 0 0 0 0 0 0 of which debt buyback 0 0 0 0 0 0 8. DEBT STOCK-FLOWV RECONCILLATION Total change in debt stocks 155 -29 349 1,020 495 Net flows on debt ..231 145 -39 350 1,039 449 Net change in interest arrears ... 5 5 5 -6 1 0 Interest capitalized ... .. .0 0 0 0 0 Debt forgiveness or reduction . ... * 0 0 0 0 0 Cross-currency valuation ... .. .8 8 -5 -18 3 1 Residual ... .. .-4 -2 -1 6 6 9. AVERAGE TERMIS OF NEW CON1M[TMENTS ALL CREDITORS Interest (%) ...... 1.2 6.3 6.6 5.9 5.8 6.7 Maturity (years) ...... 6.6 10.3 8.2 9.6 7.6 5.6 Grace period (years) ...... 3.0 3.2 1.9 2.8 2.1 2.1 Grant element (%) ...... 24.3 14.7 11.9 16.7 13.8 9.7 Official creditors Interest (%) ...... 3.4 6.2 3.9 3.8 4.3 0.0 Maturity (years) ...... 18.4 12.1 13.9 11.8 15.7 0.0 Grace period (years) ...... 5.6 4.0 2.8 3.4 4.4 0.0 Grant element (%) . ... .. 36.6 17.2 26.3 31.3 32.1 0.0 Private creditors Interest (%) .. ...... 0.5 6.7 6.8 6.5 6.3 6.7 Maturity (years) ...... 3.0 5.3 7.7 9.0 5.4 5.6 Grace period (years) ...... 2.2 1.0 1.8 2.6 1.5 2.1 Grant element (%) ...... 20.5 7.5 10.7 12.8 8.7 9.7 Memorandum items Commiitments . ... .. 102 172 269 753 1,324 218 Official creditors . ... .. 24 128 20 156 286 0 Private creditors . ... .. 78 45 249 598 1,039 218 10. CONTrA-.cT,u.L OBLIGATIONS ON OUTSTANDING LONG-TERMI DEBT 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 TOTAL Disbursements 301 141 72 33 20 11 8 5 3 3 Principal 482 245 336 246 209 152 106 99 80 74 Interest 66 63 78 59 45 34 27 21 16 13 Official creditors Disbursements 106 72 51 33 20 1 1 8 5 3 3 Principal 13 36 48 5 1 5 1 49 44 40 38 35 Interest 10 14 16 15 14 12 10 9 7 6 Bilateral creditors Disbursements 9 1 58 37 20 10 3 2 0 0 0 Principal 8 29 41 42 40 38 32 32 32 29 Interest 7 10 12 1 1 9 8 6 5 4 3 Multilateral creditors Disbursements 15 14 14 1 3 1 1 9 6 5 3 3 Principal 5 7 7 9 1 1 1 1 1 1 9 6 6 Interest 4 4 4 5 5 5 4 4 3 3 Private creditors Disbursements 195 69 21 0 0 0 0 0 0 0 Principal 468 209 288 195 158 103 63 59 41 39 Interest 56 49 61 43 3 1 22 17 12 9 6 Comimercial banks Disbursements 0 0 0 0 0 0 0 0 0 0 Principal 60 0 0 0 0 0 0 0 0 0 Interest 2 0 0 0 0 0 0 0 0 0 Other private Disbursements 195 69 21 0 0 Cl 0 0 0 0 Principal 409 209 288 195 158 103 63 59 4 1 39 Interest 54 49 6 1 43 3 1 22 1 7 12 9 6 566 UGANDA (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 1. SUMMARYi DEBT DATA TOTAL DEBT STOCKS (EDT) 689 2,583 2,928 3,029 3,372 3,573 3,674 3,868 3,935 Long-term debt (LDOD) 152 537 2,161 2,433 2,599 2,869 3,062 3,151 3,359 3,402 Public and publicly guaranteed 152 537 2,161 2,433 2,599 2,869 3,062 3,151 3,359 3,402 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Use of IMF credit 0 89 282 344 334 383 417 417 394 398 Short-term debt 63 140 150 96 119 93 106 115 135 of which interest ar-rears on LDOD 19 83 8 1 72 8 1 59 49 47 64 Official creditors 10 32 43 50 69 47 41 39 55 Private creditors 9 5 1 39 22 12 12 8 8 9 Memo: principal arrears on LDOD 82 215 268 197 207 207 202 214 228 Official creditors 30 94 130 135 145 147 140 151 165 Private creditors 52 122 138 62 63 6 1 62 63 63 Memo: export credits 0 270 260 152 149 138 133 129 156 TOTAL DEBT FLOWS Disbursements 26 161 382 311 408 322 287 289 341 225 Long-term debt 26 83 301 255 408 270 232 225 281 175 IMFpurchases 0 78 8 1 56 0 53 56 63 60 50 Principal repayments 5 45 ill 80 119 112 98 106 116 125 Long-termn debt 5 32 66 5 1 109 88 70 56 59 63 IvM repurchases 0 1 3 45 29 10 25 29 50 5 8 62 Net flows on debt 22 130 277 239 244 224 185 206 236 102 of which short-termndebt 14 6 7 -45 14 -4 23 1 1 3 Interest payments (INT) 12 37 34 37 38 38 43 43 34 Long-term debt 5 4 1 9 26 33 34 34 38 37 28 IMFecharges 0 3 13 3 2 2 2 2 2 2 Short-term debt ..5 5 5 3 3 2 3 4 4 Net transfers on debt .. 118 241 204 206 186 147 163 193 68 Total debt service paid (TDS) .. 57 147 114 157 150 137 149 159 160 Long-term debt 9 36 85 77 142 121 104 95 96 91 lF repurchases and charges 0 16 58 32 12 26 3 1 52 60 64 Short-term debt (interest only) ..5 5 5 3 3 2 3 4 4 2. AGGREGATE NET RECSOURCE FLOWS XND NEI TRANSFERS iLONG-TERM) NET RESOURCE FLOWS 28 112 492 544 613 589 683 626 739 744 Net flow of long-term debt (ex. MF)22 51 234 204 298 182 162 169 223 ill Foreign direct investment (net) 4 0 0 3 55 88 121 121 175 200 Porffolio equity flows 0 0 0 0 0 0 0 0 0 0 Grants (excluding technical coop.) 2 61 257 336 260 319 400 336 341 433 Memo: technical coop. grants 14 21 94 119 122 121 147 132 150 125 official net resource flows 17 68 476 549 572 517 571 512 566 546 private net resource flows 10 44 16 -5 41 72 112 114 174 198 NET TRANSFERS 10 109 473 518 568 543 637 573 682 694 Interest on tong-term debt 5 4 19 26 33 34 34 38 37 28 Profit remittances on FDI 13 0 0 0 13 13 12 14 20 22 Memo: official net transfers 14 66 458 528 543 484 539 474 529 520 private net transfers -4 43 15 -10 25 58 98 100 153 174 3. kIAJOR ECONOMIIC AGGREGATES Gross national product (GNP) .. 1,240 4,227 2,771 3,172 3,936 5,698 6,004 6,281 6,764 Exports of goods & services (XGS) 297 331 246 199 242 344 683 747 863 676 of which workers remnittances ...0 0 0 0 0 0 0 0 lImports of goods & services (MGS) 271 450 753 672 746 913 1,457 1,668 1,706 1,922 Intemational reserves (RIES) 57 3 44 94 146 321 459 528 633 725 Current account balance 20 -121 -429 -338 -396 -265 -444 -500 -521 -706 4. DEBT INDICATrORS EDT/XGS (%) .. 208.3 1,051.2 1,473.7 1,252.0 980.3 523.3 491.8 448.1 581.9 EDT/GNP (%) .. 55.6 61.1 105.7 95.5 85.7 62.7 61.2 61.6 58.2 TDS /XGS (%) .. 17.3 60.0 57.4 64.8 43.7 20.0 19.9 18.4 23.6 INT /XGS (%) .. 3.7 14.9 17.3 15.5 11.2 5.6 5.7 5.0 5.0 IINT /GNP (%) .. 1.0 0.9 1.2 1.2 1.0 0.7 0.7 0.7 0.5 RES /EDT (%) .. 0.4 1.7 3.2 4.8 9.5 12.8 14.4 16.4 18.4 RES /MGS (months) 2.5 0.1 0.7 1.7 2.4 4.2 3.8 3.8 4.5 4.5 Short-term /EDT (%) .. 9.1 5.4 5.1 3.2 3.5 2.6 2.9 3.0 3.4 Concessional /EDT (%) .. 36.9 56.2 61.7 70.3 72.9 77.5 78.3 77.0 80.6 Multilateral /EDT (%) .. 11.5 49.2 53.3 57.0 59.7 61.8 62.2 62.0 61.8 567 UGANDA (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 5. LONG-TERJ%I DEBT' DEBT OUTSTANDING (LDOD) 152 537 2,161 2,433 2,599 2,869 3,062 3,151 3,359 3,402 Public and publicly guaranteed 152 537 2,161 2,433 2,599 2,869 3,062 3,151 3,359 3,402 Official creditors 127 293 1,826 2,173 2,485 2,776 2,979 3,074 3,284 3,328 Multilateral 19 79 1,270 1,561 1,727 2,012 2,209 2,284 2,398 2,433 Concessional 1 3 63 1,129 1,438 1,607 1,915 2,129 2,208 2,329 2,377 Bilateral 108 214 556 612 758 764 770 789 886 895 Concessional 95 191 322 368 523 542 639 670 647 794 Private creditors 25 244 335 260 115 93 84 77 76 74 Bonds 1 0 0 4 4 4 4 4 4 4 4 Commercial banks 14 23 89 68 40 27 21 15 13 12 Other private 1 221 242 189 7 1 62 59 59 59 5 8 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Conimercial banks 0 0 0 0 0 0 0 0 0 0 Memo: IBRD 6 1 34 21 16 1 1 0 0 0 0 IDA 1 3 46 935 1,188 1,327 1,604 1,792 1,849 1,954 1,947 DISBURSEMENTS 26 83 301 255 408 270 232 225 281 175 Public and publicly guaranteed 26 83 301 255 408 270 232 225 281 175 Official creditors 19 1 8 262 250 390 270 232 225 281 175 Multilateral 6 7 227 218 201 250 210 180 272 170 Concessional 5 2 223 202 178 247 200 167 264 168 Bilateral 14 1 1 36 32 189 20 22 45 10 5 Concessional 14 1 1 23 27 150 20 21 45 9 3 Private creditors 7 65 38 6 1 8 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 6 1 7 5 2 9 0 0 0 0 0 Other private 2 49 34 4 9 0 0 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Conmmercial banks 0 0 0 0 0 0 0 0 0 0 Memo: IBRD 0 0 0 0 0 0 0 0 0 0 IDA 5 1 206 156 139 222 160 124 216 113 PRINCIPAL REPAYMENTS 5 32 66 51 109 88 70 56 59 63 Public and publicly guaranteed 5 32 66 51 109 88 70 56 59 63 Official creditors 4 1 1 44 37 77 72 60 49 57 61 Multilateral 1 1 19 23 37 5 1 50 30 29 41 Concessional 0 0 4 7 1 1 19 19 1 8 19 23 Bilateral 3 10 25 1 3 40 21 1 1 19 28 21 Concessional 3 2 4 3 6 4 4 6 18 13 Private creditors 1 2 1 22 14 32 16 10 7 1 2 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 1 0 14 5 1 1 6 7 6 1 1 Other private 0 2 1 8 9 22 10 3 1 0 1 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 0 0 Memo: IBRD 0 1 5 8 7 6 12 0 0 0 IDA 0 0 2 3 4 7 8 8 9 8 NET FLOWS ON DEBT 22 51 234 204 298 182 162 169 223 ill Public and publicly guaranteed 22 51 234 204 298 182 162 169 223 ill Official creditors 16 7 218 213 312 198 171 176 224 113 Multilateral 5 5 208 195 164 199 160 150 243 129 Concessional 5 1 219 196 167 228 181 149 244 145 Bilateral I1 I1 1 1118 148 -1 I11 26 -19 -16 Concessional 1 1 9 20 24 144 16 17 39 -10 -10 Private creditors 6 44 16 -8 -14 -16 -10 -7 -1 -2 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 5 17 -10 -3 -2 -6 -7 -6 -1 -1 Other private 2 28 26 -5 -13 -10 -3 -1 0 -1 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 0 0 Memo: IBRD 0 -1 -5 -8 -7 -6 -12 0 0 0 IDA 5 1 205 153 135 215 152 116 207 105 568 UGANDA (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 INTEREST PAYMENTS (LINT) 5 4 19 26 33 34 34 38 37 28 Public and publicly guaranteed 5 4 19 26 33 34 34 38 37 28 Official creditors 3 2 18 21 30 33 33 38 37 26 Multilateral 0 1 13 17 20 25 23 22 21 21 Concessional 0 1 6 9 11 13 17 18 17 18 Bilateral 3 1 5 4 9 8 10 16 16 5 Concessional 2 1 1 1 2 5 7 7 8 3 Private creditors 2 1 1 5 3 1 2 0 0 2 Bonds 1 C 0 0 0 0 0 0 0 0 Commercial banks 1 C 1 3 2 1 2 0 0 2 Other private 0 1 1 2 1 0 0 0 0 0 Private nonguaranteed 0 (1 0 0 0 0 0 0 0 0 Bonds 0 (0 0 0 0 0 0 0 0 Commnercial banks 0 c 0 0 0 0 0 0 0 0 Memo: IIBRD 0 C 2 2 1 1 1 0 0 0 IDA 0 C 5 8 9 1 1 13 13 13 14 NET TRANSFERS ON DEBT 17 47 216 178 266 148 127 131 186 83 Public and publicly guaranteed 17 47 216 178 266 148 127 131 186 83 Official creditors 13 4 201 192 283 165 139 138 187 87 Multilateral 5 4 195 178 144 174 138 128 222 108 Concessional 5 1 213 186 156 215 165 131 228 127 Bilateral 8 0 6 14 139 -9 1 10 -35 -21 Concessional 9 919 23 142 1 1 1 1 32 -18 -13 Private creditors 5 4?' 15 -13 -17 -17 -11 -7 -2 -4 Bonds -1 (i0 0 0 0 0 0 0 0 Commercial banks 4 17 -10 -6 -3 -7 -8 -6 -2 -3 Other private 2 20 25 -7 -14 -10 -3 -1 0 -1 Private nonguaranteed 0 (I0 0 0 0 0 0 0 0 Bonds 0 (10 0 0 0 0 0 0 0 Commercial banks 0 (10 0 0 0 0 0 0 0 Memo: IBRD -1 -1 -6 -10 -8 -7 -12 0 0 0 IDA 5 (1 200 145 126 205 139 103 194 91 DEBT SERVICE (LTDS) 9 36 85 77 142 121 104 95 96 91 Public and publicly guaranteed 9 36 85 77 142 121 104 95 96 91 Official creditors 7 14 62 58 107 105 93 87 94 87 Multilateral 1 3 32 40 57 76 72 52 50 62 Concessional 0 1 10 16 21 32 35 36 36 41 Bilateral 6 11 30 18 50 29 21 35 44 26 Concessional 4 3 5 4 8 9 10 14 27 16 Private creditors 3 22 23 19 35 17 11 7 2 4 Bonds 1 U0 0 0 0 0 0 0 0 Commercial banks 2 (I 15 7 12 7 8 6 2 3 Other private 0 22 9 11 23 10 3 1 0 1 Private nonguaranteed 0 tI 0 0 0 0 0 0 0 0 Bonds 0 Ci0 0 0 0 0 0 0 0 Commercial banks 0 Ci0 0 0 0 0 0 0 0 Memo: IB3RD 1 1 6 10 8 7 12 0 0 0 IDA 0 1 7 11 13 17 21 21 22 22 UNDISBURSED DEBT 47 162 844 1,252 1,175 1,262 1,067 843 685 680 Official creditors 44 14'i 821 1,232 1,157 1,244 1,064 843 684 680 Private creditors 3 19 23 20 18 1 8 3 0 0 0 Memorandum items Concessional LDOD 108 254t 1,451 1,806 2,130 2,456 2,767 2,878 2,977 3,171 Variable rate LDOD 4 71 49 39 96 88 78 78 77 77 Public sector LDOD 151 53.3 2,158 2,430 2,592 2,866 3,057 3,144 3,352 3,394 Private sector LDOD 1 4[ 3 3 7 4 6 8 7 8 6. CUIRRENCY COMIPOS FTION OF LONG-TERM DEBT iPERCENTi Deutsche mark 6.5 8.3 0.7 0.4 0.4 0.2 0.0 0.3 0.2 0.2 French franc 0.2 6.3 3.5 2.1 1.4 1.4 0.3 0.3 0.3 0.3 Japanese yen 0.3 0.7 0.3 0.3 1.1 1.3 1.2 1.7 1.4 1.6 Pound sterling 73.3 20.4 6.7 4.4 3.4 3.1 2.0 2.1 1.8 1.1 Swiss franc 0.0 9.9 0.0 0.0 0.3 0.0 0.0 0.0 0.0 0.0 U.S.dollars 6.9 43.8 53.4 59.5 63.0 63.6 66.8 65.9 67.9 66.7 Multiple currency 4.1 2.3 21.8 18.6 16.8 15.4 13.8 12.1 10.7 9.4 Special drawing rights 0.0 0.1 2.4 2.8 3.7 4.8 5.8 6.7 7.3 8.8 All other currencies 8.7 8.2 11.2 11.9 9.9 10.2 10.1 10.9 10.4 11.9 569 UGANDA (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 7. DEBT RESTRUICTURINGS Total amount rescheduled 18 100 38 0 172 0 0 148 Debt stock rescheduled ..0 0 0 0 143 0 0 0 Principal rescheduled 4 55 24 0 0 0 0 133 Official 4 31 11 0 0 0 0 133 Private 0 24 13 0 0 0 0 0 Interest rescheduled 1 38 10 0 30 0 0 15 Official 1 24 9 0 30 0 0 15 Private ..0 14 1 0 0 0 0 0 Debt forgiven 51 14 16 7 0 0 0 0 Memo: interest forgiven 1 2 19 0 1 0 0 522 Debt stock reduction 0 0 139 0 42 0 0 178 of which debt buyback 0 0 17 0 0 0 0 0 8. DEBT STOCK-FLOW RECONCILIATION Total change in debt stocks 406 150 101 343 201 102 194 67 Net flows on debt 22 130 277 239 244 224 185 206 236 102 Net change in interest arrears 28 -20 -10 10 -22 -10 -2 17 Interest capitalized 1 38 10 0 30 0 0 15 Debt forgiveness or reduction -51 -14 -138 -7 -42 0 0 -178 Cross-currency valuation 64 -43 -10 34 6 -19 -47 40 Residual 86 -49 5 82 43 -75 7 72 9.AAVERAGE TERIS OF NE%ACONIMt[I'MENTS ALL CREDITORS Interest (%) 3.9 4.9 1.0 1.5 1.6 0.9 0.8 0.7 0.6 0.8 Maturity (years) 28.4 26.2 33.2 34.8 33.0 38.4 39.6 39.7 45.0 39.8 Grace period (years) 6.7 6.0 9.0 8.9 10.9 10.1 10.1 10.2 10.2 10.3 Grant element (%) 46.3 40.0 68.7 68.6 67.3 78.5 80.4 80.5 83.2 80.6 Official creditors Interest (%) 3.2 2.7 1.1 1.5 1.7 0.9 0.8 0.7 0.6 0.8 Maturity (years) 33.8 38.2 36.5 35.1 34.3 38.4 39.6 39.7 45.0 39.8 Grace period (years) 8.0 8.2 9.9 9.0 11.4 10.1 10.1 10.2 10.2 10.3 Grant element (%) 55.5 61.9 75.0 69.1 69.8 78.5 80.4 80.5 83.2 80.6 Private creditors Interest (%) 6.9 8.2 0.5 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Maturity (years) 5.3 7.8 1.3 1.0 1.9 0.0 0.0 0.0 0.0 0.0 Grace period (years) 0.8 2.4 0.7 1.0 0.6 0.0 0.0 0.0 0.0 0.0 Grant element (%) 7.2 6.4 8.8 9.5 11.9 0.0 0.0 0.0 0.0 0.0 Memorandum items Comnmitments 12 199 452 520 419 299 94 42 188 356 Official creditors 10 120 409 516 401 299 94 42 188 356 Private creditors 2 78 43 4 18 0 0 0 0 0 10. CONTRACTUAL OBLIGATIONS ON OLUTSTANDING LONG-TERMN DEBT 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 TOTAL Disbursements 292 213 119 35 10 5 3 1 0 0 Principal 76 81 81 87 91 95 87 89 97 97 Interest 40 47 46 43 41 38 36 35 34 32 Official creditors Disbursements 292 213 119 35 10 5 3 1 0 0 Principal 74 79 80 85 90 94 86 88 96 96 Interest 40 47 46 43 41 38 36 35 34 32 Bilateral creditors Disbursements 6 2 1 0 0 0 0 0 0 0 Principal 45 47 42 41 39 34 23 23 21 21 Interest 1 8 24 21 19 17 16 14 14 13 12 Multilateral creditors Disbursements 286 211 118 35 10 5 3 1 0 0 Principal 29 32 38 44 5 1 60 64 65 76 75 Interest 22 24 24 24 23 23 22 21 21 20 Private creditors Disbursements 0 0 0 0 0 0 0 0 0 0 Principal 2 2 2 2 2 1 1 1 1 1 Interest 0 0 0 0 0 0 0 0 0 0 Comimercial banks Disbursements 0 0 0 0 0 0 0 0 0 0 Principal 2 2 2 2 2 1 1 1 1 1 Interest 0 0 0 0 0 0 0 0 0 0 Other private Disbursements 0 0 0 0 0 0 0 0 0 0 Principal 0 0 0 0 0 0 0 0 0 0 Interest 0 0 0 0 0 0 0 0 0 0 570 UKRAINE (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 I. SUNM ARY DEBT DATYA TOTAL DEBT STOCKS (EDT) 551 3,855 5,597 8,390 9,499 11,096 12,718 Long-term debt (LDOD) 458 3,694 4,816 6,625 6,793 7,604 9,443 Public and publicly guaranteed 454 3,682 4,770 6,541 6,608 6,978 8,606 Private nonguaranteed 4 12 45 84 184 627 837 Use of IMF credit 0 0 364 1,542 2,262 2,402 2,795 Short-term debt 93 161 417 223 444 1,089 480 of which interest arrears on LDOD 0 29 205 35 4 1 43 53 Official creditors 0 29 191 5 1 1 1 0 Private creditors 0 0 14 30 40 33 53 Memo: principal arrears on LDOD ..2 2 602 88 66 235 156 Official creditors 0 0 541 17 0 139 0 Private creditors ..2 2 61 7 1 66 96 156 Memo: export credits .. 223 932 1,121 1,193 1,100 889 1,079 TOTAL DEBT FLOWS Disbursements . 469 889 882 1,997 1,852 1,775 3,323 Long-term debt 469 889 525 801 1,074 1,490 2,941 IMEpurchases 0 0 357 1,196 778 285 382 Principal repayments .. - - 0 140 219 636 791 688 1,449 Long-term debt ..0 140 219 636 791 688 1,344 RAF repurchases .. . . 0 0 0 0 0 0 105 Net flows on debt .. - - 561 787 744 1,338 1,276 1,731 1,255 of which short-terindebt ... . 93 38 81 -24 215 643 -619 Interest payments (INT) - ..12 62 81 501 466 669 569 Long-term debt .. . . 8 55 74 447 374 527 415 IMEcharges .. . . 0 0 0 42 75 102 115 Short-term debt ... .4 7 7 1 2 1 8 40 39 Net transfers on debt . 550 725 662 836 810 1,062 686 Total debt service paid (TDS) . - 12 202 300 1,137 1,257 1,356 2,018 Long-termndebt ... .8 195 293 1,083 1,164 1,215 1,759 vIMF repurchases and charges .. . . 0 0 0 42 75 102 220 Short-term debt (interest only) ... .4 7 7 1 2 1 8 40 39 2. AGGREGATE NET R ESOLIRCE FLOWS AND NEr TRA-NSFERS (LONG-TERNM I NET RESOURCE FLOWS - ..993 865 683 496 1,059 1,501 2,438 Net flow of long-term debt (ex. IF.. . .. 469 749 306 166 283 802 1,597 Foreign direct investment (net) ... .0 0 159 267 521 623 743 Portfolio equity flows ... .0 0 0 0 0 0 0 Grants (excluding technical coop.) ... . 525 117 218 64 256 76 98 Memo: technical coop. grants .. . . 33 6 1 52 120 128 83 247 official net resource flows .. . . 624 424 316 449 493 82 351 private net resource flows .. . . 369 441 367 48 566 1,419 2,087 NET TRANSFERS .. - . 986 810 609 49 666 940 1,983 Interest on long-term debt ... .8 55 74 447 374 527 415 Profit remiittances on FDI .. . . 0 0 0 0 20 34 40 Memo: official net transfers ..622 412 303 143 295 -203 213 private net transfers ..364 398 306 -94 371 1,143 1,769 3. %¶4JOR ECONONIIC AGGREGATES Gross national product (GNP) .. . . 91,419 69,563 51,953 48,272 61,955 52,773 42,745 Exports of goods & services (XGS) ... .. . 16,697 17,337 20,448 20,513 17,743 of which workers remittances . .. .. .. Imports of goods & services (MGS) . .. 18,407 18,961 22,141 22,693 19,821 Intemnational reserves (RES) ..469 166 665 1,069 1,972 2,359 793 Current account balance ... . -1,163 -1,152 -1,184 -1,335 -1,296 43. DEBT INDICATORS EDT /XGS(% .. . . . 33.5 48.4 46.5 54.1 71.7 EDT /GNP(% .. . 0.6 5.5 10.8 17.4 15.3 21.0 29.8 TDS /XGS(% ... .. 1.8 6.6 6.2 6.6 11.4 INT /XGS (% .. .. . 0.5 2.9 2.3 3.3 3.2 IiNT /GNP(% ... 0.0 0.1 0.2 1.0 0.8 1.3 1.3 RES /EDT(% .. . 85.2 4.3 11.9 12.7 20.8 21.3 6.2 RE-S / MGS (months) ... .. . 0.4 0.7 1.1 1.3 0.5 Short-termn/ EDT (%) ... . 16.9 4.2 7.5 2.7 4.7 9.8 3.8 Concessional /EDT (% .. . 0.0 0.5 0.7 0.8 2.3 1.9 2.1 Multilateral /EDT (%) ... . 10.8 3.6 4.0 7.4 11.9 13.5 15.6 571 UKRAINE (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 S. LONG-TERM DEBT DEBT OUTSTANDING (LDOD) 458 3,694 4,816 6,625 6,793 7,604 9,443 Public and publicly guaranteed 454 3,682 4,770 6,541 6,608 6,978 8,606 Official creditors 95 2,922 3,758 4,307 4,486 4,385 4,710 Multilateral 59 139 225 619 1,125 1,493 1,985 Concessional 0 0 0 0 0 0 0 Bilateral 36 2,784 3,533 3,687 3,360 2,892 2,725 Concessional 0 20 40 64 217 212 263 Private creditors 358 760 1,013 2,235 2,123 2,593 3,897 Bonds 0 0 0 1,200 1,120 1,120 2,318 Commercial banks 0 260 282 301 252 742 835 Other private 358 500 731 734 750 731 744 Private nonguaranteed 4 12 45 84 184 627 837 Bonds 0 0 0 0 0 0 0 Comimercial banks 4 12 45 84 184 627 837 Memo: IBRD 0 0 102 491 859 1,111 1,542 IDA 0 0 0 0 0 0 0 DISBURSEMENTS 469 889 525 801 1,074 1,490 2,941 Public and publicly guaranteed 464 848 431 732 954 1,222 2,321 Official creditors 100 319 152 550 754 508 524 Multilateral 63 88 113 525 552 453 430 Concessional 0 0 0 0 0 0 0 Bilateral 36 231 39 25 202 56 94 Concessional 0 20 20 25 163 10 34 Private creditors 365 529 279 182 200 714 1,797 Bonds 0 0 0 0 0 0 1,111 Commercial banks 0 272 0 0 17 523 523 Other private 365 257 279 182 184 190 162 Private nonguaranteed 4 41 94 69 120 268 620 Bonds 0 0 0 0 0 0 0 Comimercial banks 4 41 94 69 120 268 620 Memo: IBRD 0 0 102 401 406 306 385 IDA 0 0 0 0 0 0 0 PRINCIPAL REPAYMENTS 0 140 219 636 791 688 1,344 Public and publicly guaranteed 0 107 158 595 723 636 927 Official creditors 0 12 54 165 516 502 271 Multilateral 0 0 39 127 1 1 2 Concessional 0 0 0 0 0 0 0 Bilateral 0 12 15 38 515 502 269 Concessional 0 0 0 0 0 0 0 Private creditors 0 95 104 430 207 134 656 Bonds 0 0 0 200 80 0 35 Commercial banks 0 0 6 2 0 3 445 Other private 0 95 98 228 127 130 177 Private nonguaranteed 0 33 60 40 68 52 417 Bonds 0 0 0 0 0 0 0 Commercial banks 0 33 60 40 68 52 417 Memo: IBRD 0 0 0 0 0 0 0 IDA 0 0 0 0 0 0 0 NET FLOWS ON DEBT 469 749 306 166 283 802 1,597 Public and publicly guaranteed 464 741 273 136 231 586 1,393 Official creditors 100 307 98 385 238 6 253 Multilateral 63 88 73 398 551 452 428 Concessional 0 0 0 0 0 0 0 Bilateral 36 219 25 -13 -314 -446 -175 Concessional 0 20 20 25 163 10 34 Private creditors 365 434 175 -249 -6 580 1,140 Bonds 0 0 0 -200 -80 0 1,076 Comimercial banks 0 272 -6 -2 17 520 79 Other private 365 162 181 -46 57 60 -15 Private nonguaranteed 4 8 33 29 52 216 204 Bonds 0 0 0 0 0 0 0 Comimercial banks 4 8 33 29 52 216 204 Memo: IBRD 0 0 102 401 406 306 385 IDA 0 0 0 0 0 0 0 572 UKRAINE (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 INTEREST PAYMENTS (LINT) 8 55 74 447 374 527 415 Public and publicly guaranteed 7 53 69 440 352 463 365 Official creditors ..2 12 13 306 198 285 138 Multilateral 0 9 10 13 40 71 88 Concessional 0 0 0 0 0 0 0 Bilateral 2 3 3 293 159 214 50 Concessional ..0 0 1 1 2 7 8 Private creditors 5 41 56 134 153 178 227 Bonds 0 0 0 87 96 99 104 ComimerciaI banks 0 5 12 4 1 20 78 Other private 5 37 45 44 56 60 45 Private nonguaranteed 0 2 5 7 22 64 50 Bonds ..0 0 0 0 0 0 0 Commercial banks 0 2 5 7 22 64 50 Memo: IBRD 0 0 0 8 32 59 68 IDA 0 0 0 0 0 0 0 NET TRANSFERS ON DEBT . . 461 693 232 -282 -91 275 1,181 Public and publicly guaranteed 457 688 204 -304 -120 123 1,028 Official creditors ..97 295 86 79 39 -279 115 Multilateral 63 79 64 384 512 381 340 Concessional ..0 0 0 0 0 0 0 Bilateral 34 216 22 -306 -472 -660 -225 Concessional ..0 20 19 24 160 3 27 Private creditors ... 360 393 119 -383 -160 402 913 Bonds 0 0 0 -287 -176 -99 973 Commercial banks 0 267 -18 -6 15 500 1 Other private 360 126 136 -90 1 0 -60 Private nonguaranteed 4 6 28 22 30 152 153 Bonds ..0 0 0 0 0 0 0 Commnercial banks 4 6 28 22 30 152 153 Memo: IBRD 0 0 102 393 374 247 317 IDA ..0 0 0 0 0 0 0 DEBT SERVICE (LTDS) 8 195 293 1,083 1,164 1,215 1,759 Public and publicly guaranteed 7 161 227 1,036 1,075 1,099 1,293 Official creditors ..2 24 67 472 714 787 409 Multilateral ..0 9 49 141 40 71 90 Concessional 0 0 0 0 0 0 0 Bilateral 2 15 1 8 331 674 716 319 Concessional 0 0 1 1 2 7 8 Private creditors 5 136 161 564 360 312 884 Bonds ..0 0 0 287 176 99 139 Commercial banks 0 5 18 6 1 23 523 Other private 5 132 143 272 183 190 222 Private nonguaranteed 0 35 66 47 90 116 467 Bonds 0 0 0 0 0 0 0 Commercial banks 0 35 66 47 90 116 467 Memo: IBRD ..0 0 0 8 32 59 68 IDA 0 0 0 0 0 0 0 UNDISBURSED DEBT 1,019 480 898 816 1,643 1,141 1,508 Official creditors 126 83 574 520 1,421 1,025 1,408 Private creditors 893 398 324 295 222 116 100 Memorandum items Concessional LDOD ... .0 20 40 64 217 212 263 Variable rate LDOD ... . 420 3,565 4,645 5,244 5,320 5,633 6,147 Public sector LDOD ...454 3,682 4,770 6,541 6,592 6,953 8,573 Private sector LDOD ...4 12 45 84 201 652 870 6. CURRENCY COMPOS[TT[ON OF LONG-TERMI DEBT (PERCENT) Deutsche mark ... . 40.0 14.8 17.2 14.0 11.4 8.6 14.0 French franc ... . 0.0 0.0 0.1 0.4 0.5 0.5 0.5 Japanese yen ... . 0.0 0.0 0.0 0.0 2.6 2.4 2.0 Pound sterling ... . 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Swiss franc ... . 0.0 0.0 0.0 0.0 0.0 0.0 0.0 U.S.dollars ... . 47.0 5.1 3.7 37.5 38.0 45.1 41.6 Multiple currency ... . 0.0 5.5 21.6 19.4 23.7 24.5 20.8 Special drawing rights ... . 0.0 0.0 0.0 0.0 0.0 0.0 0.0 All otier currencies ... . 13.0 74.6 57.4 28.7 23.8 18.9 21.1 573 UKRAINE (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 7. DEBT RESTRUCTUTRINGS Total amount rescheduled 0 2,528 723 2,535 0 0 82 Debt stock rescheduled 0 0 0 0 0 0 0 Principal rescheduled 0 0 0 969 0 0 82 Official ..0 0 0 969 0 0 0 Private ..0 0 0 0 0 0 82 Interest rescheduled ..0 0 166 0 0 0 Official ..0 0 0 166 0 0 0 Private 0 0 0 0 0 0 0 Debt forgiven 0 0 0 0 0 0 0 Memo: interest forgiven 0 0 0 0 0 0 0 Debt stock reduction 0 0 0 0 17 0 0 of which debt buyback 0 0 0 0 0 0 0 8. DEBT STOCK-FLOW RECONCILIATION Total change in debt stocks 3,304 1,742 2,793 1,109 1,597 1,623 Net flows on debt 561 787 744 1,338 1,276 1,731 1,255 Net change in interest arrears 29 176 -170 6 2 10 Interest capitalized 0 0 166 0 0 0 Debt forgiveness or reduction ..0 0 0 -17 0 0 Cross-currency valuation -1,773 -1,526 -290 -431 -201 -382 Residual 4,260 2,348 1,750. 276 65 7-39 9. AVERAGE TERMIS OF NEW CONMI.UTMENTS ALL CREDITORS Interest (%) ... . 6.3 6.4 6.6 5.2 6.2 6.0 8.4 Maturity (years) ... . 6.9 6.9 13.8 12.1 14.7 4.1 8.1 Grace period (years) ... . 2.5 2.5 4.6 4.2 4.8 1.6 3.1 Grant element (%) ... . 9.9 11.0 16.8 23.7 20.4 8.4 7.7 Official creditors Interest (%) ... . 4.7 5.0 7.2 4.7 6.3 5.7 5.4 Maturity (years) ... . 3.6 6.9 15.8 13.4 15.7 12.3 17.5 Grace period (years) ... . 1.2 2.6 5.3 4.8 5.2 3.3 4.5 Grant element (%) ... . 9.7 15.4 16.5 27.2 21.5 19.6 23.5 Private creditors Interest (%) ... . 6.6 7.8 5.0 6.5 5.6 6.0 10.1 Maturity (years) ... . 7.5 6.8 7.3 7.7 6.3 2.1 2.9 Grace period (years) ... . 2.7 2.4 2.3 2.4 0.8 1.2 2.3 Grant element (%) ... . 9.9 7.1 17.5 12.1 11.7 5.7 -1.1 Memorandum items Commitments ... . 1,518 591 839 673 1,872 768 2,792 Official creditors ... . 233 281 642 519 1,671 150 1,004 Private creditors ... . 1,285 310 197 155 201 -618 1,788 10. CONTRACTUAL OBLIGATIONS ON OUTSTANDING LONG-TERMI DEBT 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 TOTAL Disbursements 658 307 159 128 97 71 42 28 16 4 Principal 1,909 1,960 1,447 785 704 659 636 576 512 259 Interest 702 633 494 372 312 260 213 169 136 96 Official creditors Disbursements 611 274 145 123 96 7 1 42 28 16 4 Principal 1,163 365 446 385 415 465 463 426 400 256 Interest 309 281 267 248 228 203 174 144 114 95 Bilateral creditors Disbursements 24 25 15 8 4 2 1 0 0 0 Principal 1,143 315 321 165 162 152 150 150 150 32 Interest 144 95 74 57 46 37 27 17 8 3 Multilateral creditors Disbursements 587 249 130 114 92 69 41 28 16 4 Principal 20 50 125 220 253 313 313 276 250 225 Interest 166 186 194 191 182 166 147 126 107 92 Private creditors Disbursements 47 33 15 5 1 0 0 0 0 0 Principal 746 1,595 1,001 399 290 193 173 150 112 3 Interest 393 352 227 124 84 57 39 25 21 1 Commercial banks Disbursements 19 13 5 2 0 0 0 0 0 0 Principal 8 1 576 28 28 25 21 20 3 3 3 Interest 14 15 9 7 5 4 2 2 1 1 Other private Disbursements 28 2 1 1 0 3 1 0 0 0 0 0 Principal 665 1,019 972 371 265 173 153 147 109 0 Interest 379 337 218 117 79 53 37 23 20 0 574 URUGUAY (US$ million, unless otherwise indicated) 1970 1980) 1990 1992 1993 1994 1995 1996 1997 1998 1. SUMIMAIRY DEBT DATA TOTAL DEBT STOCKS (EDT) 1,66) 4,415 4,574 4,851 5,077 5,320 5,901 6,713 7,600 Long-term debt (LDOD) 298 1,333 3,114 3,177 3,439 3,815 3,963 4,234 4,812 5,430 Public and publicly guaranteed 269 1,127 3,045 3,143 3,372 3,752 3,836 4,099 4,588 5,142 Private nonguaranteed 29 211 69 35 67 62 127 135 223 289 Use of IMF credit 18 ) 101 52 38 30 21 9 0 161 Short-term debt 321 1,201 1,344 1,374 1,233 1,336 1,659 1,901 2,009 of which interest arrears on LDOD 0 0 0 0 0 0 0 0 Official creditors I 0 0 0 0 0 0 0 0 Private creditors I)0 0 0 0 0 0 0 0 Memo: principal arrears on LDOD I)0 0 0 0 0 0 0 0 Officialicreditors I)0 0 0 0 0 0 0 0 Private creditors I)0 0 0 0 0 0 0 0 Memo: export credits 4) 183 184 226 249 291 282 278 308 TOTAL DEBT FLOWS Disbursements 91 356i 358 556 566 501 661 659 1,005 1,368 Long-term debt 50 356i 346 533 566 501 661 659 1,005 1,213 IMF purchases 40 ) 1 2 23 0 0 0 0 0 155 Principal repayments 80 130 559 262 324 232 484 298 290 689 Long-terin debt 5 1 1301 434 236 310 221 474 286 282 689 IMF repurchases 28 0 124 26 14 1 1 1 0 1 2 8 0 Net flows on debt 58 342 -134 432 272 128 281 684 957 787 of which short-termndebt 1 16 66 139 30 -141 104 322 242 108 Interest payments (INT) 169 428 262 263 304 379 367 454 447 Long-terrndebt 1 7 121 319 206 212 237 298 273 347 333 IMF charges 0 11 6 5 4 2 2 1 0 0 Short-term debt 4(1 93 5 1 48 65 80 94 107 114 Net transfers on debt .. 173 -563 170 9 -176 -98 317 503 340 Total debt service paid (TDS) -. 299 987 524 587 536 863 665 744 1,136 Long-term debt 69 251 753 443 521 458 772 559 629 1,022 RAF repurchases and charges 28 (1 141 3 1 1 8 1 3 1 1 1 2 8 0 Short-term debt (interest only) 4(1 93 5 1 48 65 80 94 107 114 2. AGGREGATE NET RESOURCE FLOWS AND NET TRANSFERS (LONG-TERM) NET RESOURCE F'LOWS 0 516i -78 310 376 468 363 525 858 696 Net flow of long-term debt (ex. 1MF -1 226i -89 297 256 280 187 373 723 524 Foreign direct investment (net) 0 291) 0 1 102 155 157 137 126 164 Portfolio equity flows 0 (10 0 0 25 4 5 2 0 Grants (excluding technical coop.) 1I( 1 1 1 2 1 8 9 15 10 8 8 Memo: technical coop. grants 3 9) 26 3 1 32 32 34 28 26 20 official net resource flows 10 37! 115 158 172 125 1 9 59 260 201 private net resource flows -10 4791 -192 151 204 344 344 466 598 496 NET TRANSFERS -19 39S; -396 103 164 231 65 252 511 363 Interest on long-term debt 17 121 319 206 212 237 298 273 347 333 Profit remiittances on FDI 2 1)0 0 0 0 0 0 0 0 Memo: official net transfers 5 1 ~ 54 91 89 29 -105 -35 163 89 private net transfers -24 380) -450 13 75 203 170 287 348 274 3. NAJOR ECONONUIC AGGREGATES Gross national product (GNP) 2,359 9,752 8,034 11,762 12,847 15,019 16,942 18,704 19,530 20,383 Exports of goods & services (XGS) .. 1,594 2,417 2,857 3,010 3,531 3,911 4,308 4,765 4,827 of which workers remiittances .tI0 0 0 0 0 0 0 Imports of goods & services (MGS) .. 2,312 2,239 2,894 3,307 4,010 4,200 4,624 5,126 5,294 Intemational reserves (RES) 186 2,401 1,446 1,185 1,423 1,622 1,813 1,892 2,067 2,587 Current account balance .. -709 186 -9 -244 -438 -213 -233 -287 -400 4. DEBT INDICATORSP EDT /XGS(% . 104.2 182.7 160.1 161.2 143.8 136.0 137.0 140.9 157.4 EDT /GNP(% . 17.0 55.0 38.9 37.8 33.8 31.4 31.6 34.4 37.3 TDSI/XGS(% . 18.8 40.8 18.4 19.5 15.2 22.1 15.4 15.6 23.5 INT /XGS(% . 10.6 17.7 9.2 8.7 8.6 9.7 8.5 9.5 9.3 INTI/GNP(% . 1.7 5.3 2.2 2.1 2.0 2.2 2.0 2.3 2.2 RES /EDT% .. 144.7 32.7 25.9 29.3 31.9 34.1 32.1 30.8 34.0 RES I MGS (months) .. 12.5 7.8 4.9 5.2 4.9 5.2 4.9 4.8 5.9 Short-term /EDT (%) .. 19.4 27.2 29.4 28.3 24.3 25.1 28.1 28.3 26.4 Concessionall/EDT(% . 5.1 2.3 2.6 3.1 4.1 4.2 3.6 3.5 3.2 Multilateral /EDT (%) .. 11.0 15.8 21.3 22.5 24.0 23.7 20.4 18.9 19.5 575 URUGUAY (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 5. LONG-TERNI DEBT DEBT OUTSTANDING (LDOD) 298 1,338 3,114 3,177 3,439 3,815 3,963 4,234 4,812 5,430 Public and publicly guaranteed 269 1,127 3,045 3,143 3,372 3,752 3,836 4,099 4,588 5,142 Official creditors 126 333 895 1,172 1,331 1,535 1,588 1,462 1,621 1,880 Multilateral 62 182 699 973 1,091 1,217 1,259 1,205 1,268 1,481 Concessional 2 20 22 31 31 30 28 26 24 23 Bilateral 64 151 196 199 240 318 329 257 353 399 Concessional 55 64 78 89 121 178 197 187 212 220 Private creditors 143 794 2,150 1,971 2,041 2,218 2,248 2,638 2,968 3,262 Bonds 45 263 567 1,649 1,761 1,969 1,966 2,111 2,431 2,725 Commercial banks 82 502 1,576 314 272 243 275 520 529 533 Other private 16 30 8 8 8 6 8 6 7 5 Private nonguaranteed 29 211 69 35 67 62 127 135 223 289 Bonds 0 0 0 0 40 40 110 104 196 260 Conmmercial banks 29 211 69 35 27 22 18 30 28 29 Memo: IBRD 49 72 359 521 522 539 513 446 393 473 IDA 0 0 0 0 0 0 0 0 0 0 DISBURSEMENTS 50 356 346 533 566 501 661 659 1,005 1,213 Public and publicly guaranteed 37 293 346 527 526 501 591 647 905 1,102 Official creditors 20 58 174 226 247 215 128 167 376 348 Multilateral 7 25 90 211 189 148 103 142 258 281 Concessional 1 4 3 4 1 1 0 0 0 0 Bilateral 1 3 34 85 1 5 58 68 25 25 118 67 Concessional 6 3 3 1 3 56 54 25 8 39 1 3 Private creditors 18 235 172 301 279 286 463 480 529 754 Bonds 7 0 164 290 270 271 348 180 471 694 Conimercial banks 10 230 4 9 6 15 ill 299 54 60 Other private 1 4 4 2 4 0 4 2 4 0 Private nonguaranteed 13 63 0 6 40 0 70 13 100 110 Bonds 0 0 0 0 40 0 70 0 100 100 Comimercial banks 13 63 0 6 0 0 0 13 0 10 Memo: IBRD 2 4 51 174 41 37 32 39 50 130 IDA 0 0 0 0 0 0 0 0 0 0 PRINCIPAL REPAYMENTS 51 130 434 236 310 221 474 286 282 689 Public and publicly guaranteed 47 93 398 236 302 216 469 286 280 639 Official creditors 11 22 71 79 93 99 124 118 124 156 Multilateral 8 9 61 70 81 93 117 106 116 117 Concessional 0 0 1 1 1 2 2 2 2 2 Bilateral 3 12 10 9 11 7 7 12 8 38 Concessional 3 3 2 3 7 1 3 8 6 13 Private creditors 36 72 328 157 209 117 345 169 156 484 Bonds 9 6 180 94 159 70 273 121 122 418 Commercial banks 21 59 143 59 47 45 69 45 31 63 Other private 6 6 5 4 4 2 3 3 3 3 Private nonguaranteed 4 37 36 0 8 5 5 0 3 49 Bonds 0 0 0 0 0 0 0 0 0 40 Commercial banks 4 37 36 0 8 5 5 0 3 9 Memo: IBRD 6 6 43 45 49 56 78 70 68 64 IDA 0 0 0 0 0 0 0 0 0 0 NET FLOWS ON DEBT -1 226 -89 297 256 280 187 373 723 524 Public and publicly guaranteed -10 200 -53 291 224 285 122 361 625 463 Official creditors 9 37 104 147 154 116 4 49 252 193 Multilateral -1 15 29 140 107 55 -14 36 142 164 Concessional 1 3 2 4 0 -1 -2 -2 -2 -2 Bilateral 9 21 75 6 47 61 18 14 110 29 Concessional 2 0 1 10 49 52 23 0 33 0 Private creditors -19 163 -156 144 70 169 118 311 373 270 Bonds -2 -6 -16 196 ill 201 74 59 349 276 Commercial banks -11 171 -139 -50 -41 -30 42 254 23 -3 Other private -5 -2 -1 -2 0 -2 2 -1 1 -3 Private nonguaranteed 9 26 -36 6 32 -5 65 13 97 61 Bonds 0 0 0 0 40 0 70 0 100 60 Comimercial banks 9 26 -36 6 -8 -5 -5 13 -3 1 Memo: IBRD -4 -2 8 130 -9 -19 -46 -31 -18 65 IDA 0 0 0 0 0 0 0 0 0 0 576 URUGUAY (US$ million, unless otherwise indicated) 1970 1989 1990 1992 1993 1994 1995 1996 1997 1998 INTEREST PAYMENTS (LINT) 17 121 319 206 212 237 298 273 347 333 Public and publicly guaranteed 16 lC5 312 204 209 232 293 264 337 318 Official creditors 4 23 61 68 83 96 124 94 96 112 Multilateral 3 16 54 64 79 85 91 86 85 96 Concessional 0 0 1 1 1 1 1 1 1 1 Bilateral 1 7 7 4 4 11 33 7 11 16 Concessional 1 2 2 2 2 3 25 4 4 3 Private creditors 12 82 252 136 126 136 169 170 241 206 Bonds 3 30 61 117 106 119 151 144 192 163 Commercial banks 7 50 190 19 19 17 18 26 48 43 Other private 1 2 1 1 1 0 0 1 1 0 Private nonguaranteed 2 17 6 3 3 5 5 9 10 15 Bonds 0 0 0 0 1 3 3 9 8 15 Comimercial banks 2 17 6 3 2 2 1 0 2 1 Memo: IBRD 2 7 28 31 38 39 40 33 28 29 IDA 0 0 0 0 0 0 0 0 0 0 NET TRANSFERS ON DEBT -19 105 -407 90 45 43 -111 101 376 191 Public and publicly guaranteed -26 95 -365 87 15 53 -171 97 288 145 Official creditors 4 14 43 79 71 20 -120 -44 156 81 Multilateral -4 0 -25 77 29 -30 -105 -51 57 68 Concessional 1 3 1 3 -1 -2 -2 -2 -2 -2 Bilateral 8 14 68 2 43 50 -15 6 99 13 Concessional 1 -2 -1 9 47 49 -2 -4 29 -4 Private creditors -30 81 -408 8 -56 33 -51 141 133 64 Bonds -5 -36 -77 79 5 82 -77 -85 157 113 Commercial banks -18 121 -329 -69 -60 47 24 228 -24 -46 Other private -6 -4 -2 -2 0 -2 1 -2 1 -3 Private nonguaranteed 7 ID -42 4 30 -10 61 4 88 46 Bonds 0 0 0 0 39 -3 67 -9 92 45 Commnercial banks 7 10 -42 4 -10 -6 -6 13 -40 Memo: IIBRD -6 -9 -19 99 47 -58 -86 -64 -45 36 IDA 0 0 0 0 0 0 0 0 0 0 DEBT SERVICE (LTDS) 69 251 753 443 521 458 772 559 629 1,022 Public and publicly guaranteed 63 198 711 440 511 449 762 550 616 957 Official creditors 16 44 132 147 176 195 248 211 220 267 Multilateral 11 25 115 134 160 178 208 192 202 213 Concessional 0 1 1 1 2 2 2 2 2 2 Bilateral 5 19 17 13 15 17 40 19 19 54 Concessional 4 .5 4 4 8 5 27 12 10 17 Private creditors 48 153 579 293 335 254 515 339 396 690 Bonds 12 36 241 211 265 189 424 265 314 581 Commercial banks 28 109 333 78 66 62 87 71 78 106 Other private 8 8 5 4 4 2 3 3 4 3 Private nonguaranteed 6 54 42 3 11 10 9 9 12 65 Bonds 0 0 0 0 1 3 3 9 8 55 Comimercial banks 6 54 42 3 10 6 6 0 4 10 Memo: IBRD 9 13 70 75 88 95 117 103 96 94 IDA 0 0 0 0 0 0 0 0 0 0 UNDISBURSED DEBT 87 519 736 839 743 786 656 1,002 1,273 1,167 Official creditors 79 326 676 733 645 622 521 824 1,133 1,145 Private creditors 8 193 61 106 98 164 135 178 140 23 Memorandum items Concessional LDOD 57 84 100 119 152 207 224 213 236 242 Variable rate LDOD 31 474 2,286 1,815 1,911 2,051 2,016 2,196 2,448 2,538 Public sector LDOD 269 1,12:3 3,042 3,141 3,371 3,752 3,833 4,097 4,585 5,140 Private sector LDOD 29 2 15 72 37 68 62 130 137 227 290 6. CLURRENCYI'tONFWOSrTION OF LONG-TERMI DEBW!iERCENTi Deutsche mark 2.3 0.3 1.7 0.2 0.2 0.2 6.5 5.6 4.4 4.3 French franc 0.0 3.6 0.3 0.5 0.5 0.7 0.7 0.7 0.5 0.5 Japanese yen 0.0 1.1 5.1 3.7 4.4 4.5 6.4 4.0 5.7 4.4 Pound sterling 4.9 0.2 3.6 2.7 2.5 2.4 1.9 2.1 1.8 1.5 Swiss franc 8.0 0.11 1.5 0.0 0.0 0.0 0.0 0.0 0.0 0.0 U.S.dollars 62.9 77.9 64.9 62.5 60.9 61.2 53.8 61.4 65.4 77.2 Multiple currency 20.0 14.7 22.5 30.3 31.6 31.0 30.7 26.2 22.1 12.1 Special drawing rights 0.0 0.11 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 All other currencies 1.9 2.2 0.4 0.1 0.0 0.0 0.0 0.0 0.1 0.0 577 URUGUAY (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 7. DEBT RESTRLiCTU-RINGS Total amount rescheduled 0 0 0 0 0 0 0 0 Debt stock rescheduled 0 0 0 0 0 0 0 0 Principal rescheduled 0 0 0 0 0 0 0 0 Official 0 0 0 0 0 0 0 0 Private 0 0 0 0 0 0 0 0 Interest rescheduled 0 0 0 0 0 0 0 0 Official 0 0 0 0 0 0 0 0 Private 0 0 0 0 0 0 0 0 Debt forgiven 0 0 16 0 0 0 0 0 Memo: interest forgiven 0 0 0 0 0 0 0 0 Debt stock reduction 0 0 0 0 0 0 0 0 of which debt buyback 0 0 0 0 0 0 0 0 8. DEBT STOCK-FLOI% RECONCILL-%TION Total change in debt stocks -34 382 277 227 243 581 812 888 Net flows on debt 58 342 -134 432 272 128 281 684 957 787 Net change in interest afrears 0 0 0 0 0 0 0 0 Interest capitalized 0 0 0 0 0 0 0 0 Debt forgiveness or reduction 0 0 -16 0 0 0 0 0 Cross-currency valuation ... 65 -44 14 53 20 -73 -98 48 Residual ... 36 -6 7 45 -58 -30 -48 53 9. AVERAGE TERMS OF NF%%'CONLNIFTIENTS ALL CREDITORS Interest (%) 7.9 10.1 9.1 6,5 5.8 6.0 6.8 7.5 6.8 7.2 Maturity (years) 11.8 15.3 12.9 15.6 12.5 11.3 7.7 15.6 19.3 11.9 Grace period (years) 3.0 5.9 2.4 3.9 3.0 3.7 3.3 4.9 10.2 6.6 Grant element (%) 10.3 1.0 5.1 18.8 19.3 19.1 12.9 13.8 18.8 15.6 Official creditors Interest (%) 7.1 7.9 7.8 6.7 5.4 4.5 3.9 7.5 6.8 7.0 Maturity (years) 16.0 20.6 20.1 21.4 20.3 18.2 14.9 21.9 17.4 17.6 Grace period (years) 3.8 8.0 5.0 5.3 4.0 4.7 5.5 5.1 4.0 4.4 Grant element (%) 15.3 13.5 12.9 22.3 26.9 33.8 36.4 15.9 17.9 17.5 Private creditors Interest (%) 9.5 13.0 9.8 6.3 6.1 6.8 7.0 7.4 6.8 7.4 Maturity (years) 3.9 8.4 8.7 7.8 8.1 7.5 7.3 9.9 22.2 8.1 Grace period (years) 1.6 3.2 1.0 1.9 2.5 3.2 3.2 4.7 19.4 8.0 Grant element (%) 1.1 -15.4 0.6 13.9 15.0 10.9 11.4 11.9 20.1 14.3 Memorandum items Commiitments 71 347 339 697 428 545 486 957 1,221 1,073 Official creditors 46 197 124 401 156 196 29 449 730 436 Private creditors 25 150 215 296 272 350 457 508 491 637 10. CONTRACTUAL OBLIGATIONS ON OLITSTAN-DING LONG-TERNI DEBT 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 TOTAL Disbursements 296 288 221 152 92 52 36 13 10 4 Principal 498 661 496 484 593 351 332 451 463 528 Interest 393 380 343 322 300 262 241 220 179 143 Official creditors Disbursements 275 287 221 151 92 52 36 13 10 4 Principal 201 166 193 218 239 222 197 187 177 171 Interest 143 149 153 150 141 129 117 104 92 81 Bilateral creditors Disbursements 1 1 5 3 0 0 0 0 0 0 0 Principal 41 41 41 42 42 26 25 20 20 20 Interest 15 14 12 10 8 7 6 5 4 3 Multilateral creditors Disbursements 264 282 218 151 92 52 36 13 10 4 Principal 159 124 152 176 197 196 172 167 157 151 Interest 128 136 141 141 134 123 ill 99 88 77 Private creditors Disbursements 21 1 0 0 0 0 0 0 0 0 Principal 297 496 304 266 355 129 135 264 286 357 Interest 250 231 190 172 159 133 125 116 87 63 Commercial banks Disbursements 21 0 0 0 0 0 0 0 0 0 Principal 54 139 53 49 47 47 43 119 0 0 Interest 40 36 25 21 18 14 1 1 8 0 0 Other private Disbursements 1 1 0 0 0 0 0 0 0 0 Principal 244 357 251 217 307 82 92 146 286 356 Interest 210 195 166 151 141 119 114 108 87 63 578 UZBEKISTAN (US$ million, unless otherwise indicated) 1970 198o 1990 1992 1993 1994 1995 1996 1997 1998 I. SLUIM AR V DEBT DATA TOTAL DEBT STOCKS (EDT) ..60 1,032 1,244 1,787 2,365 2,765 3,162 Long-term debt (LDOD) ,.60 940 953 1,418 2,036 2,123 2,783 Public and publicly guatanteed ..60 940 953 1,418 1,977 2,032 2,485 Private nonguaranteed ..0 0 0 0 59 91 298 Use of IMF credit 0 0 0 158 238 223 233 Short-term debt 0 92 291 212 92 419 147 of which interest arrears on LDOD 0 0 0 0 0 0 3 Official creditors 0 0 0 0 0 0 0 Private creditors ..0 0 0 0 0 0 3 Memo: principal arrears on LDOD 0 0 0 0 0 0 4 Official creditors .. 0 0 0 0 0 0 0 Private creditors 0 0 0 0 0 0 4 Memo: export credits 0 94 67 366 488 960 1,792 TOTAL DEBT FLOWS Disbursements ,.65 623 107 782 879 497 799 Long-term debt ..65 623 107 621 793 497 799 IMF purchases ...0 0 0 161 86 0 0 Principal repaymnents 4 16 97 149 188 321 279 Long-term debt ..4 16 97 149 188 321 279 MEArepurchases 0 0 0 0 0 0 0 Net flovv on debt 61 699 210 554 571 504 245 of which short-term debt 0 92 199 -79 -120 328 -275 Interest payments (INT) 1 13 41 95 104 189 148 Long-termn debt 1 1 3 35 79 92 164 132 IMF charges 0 0 0 3 7 10 1 1 Short-termndebt 0 0 6 1 3 4 14 6 Net transfers on debt 60 685 168 459 467 315 97 Total debt service paid (TDS) 5 30 138 243 291 510 427 Long-term debt ..5 30 132 228 280 485 411 RAF repurchases and charges ..0 0 0 3 7 1 0 1 1 Short-termn debt (interest only) 0 0 6 1 3 4 14 6 2. AGGREGATE NET IPESOUTRCE FLOWVS AND NET TRANSFERS ELONG-TERNI) NET RESOURCE FLOWS . .. 101 655 78 600 688 480 733 Net flow of long-termn debt (ex. IMF) 61 607 1 1 472 605 176 520 Foreign direct investment (net) 40 45 50 115 55 285 200 Portfolio equity flows ..0 0 0 0 0 0 0 Grants (excluding technical coop.) 0 4 1 8 13 28 19 13 Memo: technical coop. grants ..1 4 1 25 35 30 33 official net resource flows .. 61 459 -22 293 257 46 140 private net resource flows .. 40 196 101 308 431 434 592 NET TRANSFERS .. 100 642 43 521 595 316 601 Interest on long-term debt 1 13 35 79 92 164 132 Profit renmittances on FDI 0 0 0 0 0 0 0 Memo: official net transfers 60 450 -49 241 202 -57 75 private net transfers .. . . 40 192 92 280 394 373 526 34. MIAJOR ECONOMI1EC AGGREGATES Gross national product (GNP) .. . . 22,072 21,955 20,978 22,200 23,179 24,326 20,296 Exports of goods & services (XGS) .... ..... 3,800 3,892 4,000 3,236 of which workers remiittances......... Imports of goods & services (MGS) .... ..... 3,840 4,870 4,612 3,331 International reserves (RES) . .. .. Current account balance ..-236 -429 119 -21 -980 -583 -52 4. DEBT INDICATORS EDT /XGS(% ... ...... 47.0 60.8 69.1 97.7 EDT /GNP(% .. . 0.3 4.7 5.9 8.1 10.2 11.4 15.6 TDS / XGS ()......... 6.4 7.5 12.7 13.2 lINT / XGS ()......... 2.5 2.7 4.7 4.6 INT /GNP(% .. . 0.0 0.1 0.2 0.4 0.5 0.8 0.7 RES /EDT(% . . RES / MGS (months)............ Short-term/ EDT (%) .. . . 0.0 8.9 23.4 11.9 3.9 15.2 4.7 Concessional / EDT (% . . . 0.0 13.9 11.5 10.5 26.0 7.4 12.4 Multilateral /EDT (%) .. . . 0.0 0.0 0.4 13.8 11.6 7.6 9.0 579 UZBEKISTAN (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 59. LONG-TERM DEBT DEBT OUTSTANDING (LDOD) 60 940 953 1,418 2,036 2,123 2,783 Public and publicly guaranteed 60 940 953 1,418 1,977 2,032 2,485 Official creditors 60 789 751 1,023 1,215 1,176 1,363 Multilateral 0 0 5 246 275 209 284 Concessional 0 0 0 0 0 0 1 Bilateral 60 789 746 777 941 967 1,079 Concessional 0 143 143 188 615 206 392 Private creditors 0 151 202 395 762 856 1,122 Bonds 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 96 269 368 Other private 0 151 202 395 665 587 754 Private nonguaranteed 0 0 0 0 59 91 298 Bonds 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 59 91 298 Memo: IBRD 0 0 1 157 155 155 177 IDA 0 0 0 0 0 0 0 DISBURSEMENTS 65 623 107 621 793 497 799 Public and publicly guaranteed 65 623 107 621 793 460 630 Official creditors 65 469 43 399 369 186 264 Multilateral 0 0 5 246 47 21 68 Concessional 0 0 0 0 0 0 1 Bilateral 65 469 37 154 322 164 196 Concessional 0 143 0 46 79 116 157 Private creditors 0 154 65 222 424 275 366 Bonds 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 96 186 122 Other private 0 154 65 222 328 89 244 Private nonguaranteed 0 0 0 0 0 37 169 Bonds 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 37 169 Memo: IBRD 0 0 1 162 9 13 13 IDA 0 0 0 0 0 0 0 PRINCIPAL REPAYMENTS 4 16 97 149 188 321 279 Public and publicly guaranteed 4 16 97 149 188 316 255 Official creditors 4 14 83 120 140 159 136 Multilateral 0 0 0 0 3 67 2 Concessional 0 0 0 0 0 0 0 Bilateral 4 14 83 120 137 92 134 Concessional 0 0 0 0 3 5 8 Private creditors 0 3 14 29 48 158 119 Bonds 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 13 28 Other private 0 3 14 29 48 145 91 Private nonguaranteed 0 0 0 0 0 4 24 Bonds 0 0 0 0 0 0 0 Commnercial banks 0 0 0 0 0 4 24 Memo: IBRD 0 0 0 0 0 0 0 IDA 0 0 0 0 0 0 0 NET FLOWS ON DEBT 61 607 11 472 605 176 520 Public and publicly guaranteed 61 607 11 472 605 144 376 Official creditors 61 456 -40 280 229 27 128 Multilateral 0 0 5 246 44 -46 66 Concessional 0 0 0 0 0 0 1 Bilateral 61 456 -45 34 185 72 62 Concessional 0 143 0 46 76 ill 149 Private creditors 0 151 51 193 376 117 248 Bonds 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 96 173 95 Other private 0 151 51 193 280 -56 153 Private nonguaranteed 0 0 0 0 0 32 144 Bonds 0 0 0 0 0 0 0 Commnercial banks 0 0 0 0 0 32 144 Memo: IBRD 0 0 1 162 9 13 13 IDA 0 0 0 0 0 0 0 580 UZBEKISTAN (US$ million, unless otherwise indicated) 1970 1986 1990 1992 1993 1994 1995 1996 1997 1998 INTEREST PAYMENTS (LINT) 1 13 35 79 92 164 132 Public and publicly guaranteed 1 13 35 79 92 160 127 Official creditors I. 10 26 52 55 103 66 Multilateral 0 0 0 4 16 16 15 Concessional ..0 0 0 0 0 0 0 Bilateral 1 10 26 47 39 87 51 Concessional 0 0 0 0 14 55 6 Private creditors ..0 4 9 28 37 56 61 Bonds ..0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 12 17 Other private 0 4 9 28 37 44 44 Private nonguaranteed 0 0 0 0 0 5 5 Bonds ..0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 5 5 Memo: IBRD 0 0 0 2 10 10 10 IDA 0 0 0 0 0 0 0 NET TRANSFERS ON DEBT 60 593 -25 393 513 12 389 Public and publicly guaranteed 60 593 -25 393 513 -16 249 Official creditors .. 60 446 -66 228 174 -77 62 Multilateral ..0 0 5 242 28 -62 51 Concessional 0 0 0 0 0 0 1 Bilateral 60 446 -71 -13 147 -15 11 Concessional ..0 143 0 46 63 55 144 Private creditors ...0 147 42 165 339 61 187 Bonds .,0 0 0 0 0 0 0 Commnercial banks ..0 0 0 0 96 161 77 Other private 0 147 42 165 243 -101 110 Private nonguaranteed 0 0 0 0 0 28 140 Bonds 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 28 140 Memo: IBRD 0 0 1 161 -1 3 3 IDA ..0 0 0 0 0 0 0 DEBT SERVICE (LTDS) 5 30 132 228 280 485 411 Public and publicly guaranteed 5 30 132 228 280 476 382 Official creditors ..5 23 109 171 195 262 202 Multilateral ..0 0 0 4 19 83 17 Concessional 0 0 0 0 0 0 0 Bilateral 5 23 109 167 176 179 185 Concessional 0 0 0 0 16 60 14 Private creditors 0 6 23 57 85 214 180 Bonds 0 0 0 0 0 0 0 Comunercial banks 0 0 0 0 0 25 45 Other private ..0 6 23 57 85 189 135 Private nonguaranteed ... .0 0 0 0 0 9 29 Bonds 0 0 0 0 0 0 0 Commercial banks ..0 0 0 0 0 9 29 Memo: lIBRD 0 0 0 2 10 10 10 IDA 0 0 0 0 0 0 0 UNDISBURSED DEBT ... . 482 423 764 1,136 1,068 1,039 975 Official creditors ..443 423 552 845 857 766 712 Private creditors 39 0 212 290 211 274 263 Memorandum items Conc-essional LDOD ... .0 143 143 188 615 206 393 Variable rate LDOD ... . 27 759 779 970 868 1,398 1,880 Public sector LDOD ..33 917 889 1,290 1,753 1,806 2,272 Private sector LDOD ..27 22 64 128 283 318 2,058 6. CURRENC~ kCOMPOSITION OF LONG-TERM DEBT iPERCENTI Deutsche mark ... . 45.2 2.4 1.5 10.7 14.3 15.3 15.7 French franc ... . 0.0 0.0 0.0 3.0 4.3 4.4 4.7 Japanese yen ... . 0.0 0.0 0.0 3.1 5.8 8.6 13.2 Pound sterling ... . 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Swiss franc ... . 9.4 0.6 0.4 0.1 0.0 0.1 0.1 U.S.dollars ... . 45.4 97.1 98.0 66.4 64.1 63.9 59.2 Multiple currency ... . 0.0 0.0 0.1 11.1 7.8 7.6 7.0 Special drawing rights ... . 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Aillother currencies ... . 0.0 0.0 0.0 5.6 3.7 0.1 0.1 581 UZBEKISTAN (US mllon unes ohewis idiatd) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 7. DEBT RE-STRUiCTU RINGS Total amount rescheduled 0 275 0 0 0 501 0 Debt stock rescheduled 0 0 0 0 0 501 0 Principal rescheduled 0 0 0 0 0 0 0 Official 0 0 0 0 0 0 0 Private 0 0 0 0 0 0 0 Interest rescheduled 0 0 0 0 0 0 Official ..0 0 0 0 0 0 0 Private 0 0 0 0 0 0 0 Debt forgiven 0 0 0 0 0 0 0 Memo: interest forgiven ..0 0 0 0 0 0 0 Debt stock reduction 0 0 0 0 0 0 0 of which debt buyback 0 0 0 0 0 0 0 5. DEBT STOCK-FLOW RECONCILIATION Total changecin debt stocks 972 212 543 578 400 397 Net flows on debt 6 1 699 210 554 571 504 245 Net change in interest arrears 0 0 0 0 0 3 Interest capitalized ..0 0 0 0 0 0 Debt forgiveness or reduction 0 0 0 0 0 0 Cross-currency valuation -2 2 15 -55 -85 86 Residual ...... 275 1 -26 62 -19 63 9. AVEFRAGE TERMIS OF NEW cOMMuITENTS ALL CREDITORS Interest (%) ... . 5.8 4.4 7.3 5.4 4.9 6.2 6.5 Maturity (years) ... . 5.5 9.6 9.5 15.2 15.6 10.7 13.1 Grace period (years) ... . 1.7 2.4 2.9 4.3 4.0 2.7 2.9 Grant element (%) ... . 11.2 23.0 10.5 24.7 29.0 16.3 15.7 Official creditors Interest (%) ... . 5.9 3.9 6.7 5.2 4.0 6.0 6.4 Maturity (years) ... . 5.5 9.1 7.8 18.0 20.6 15.6 23.2 Grace period (years) ... . 1.7 2.7 2.0 5.1 6.5 4.0 5.6 Grant element (%) ... . 11.0 25.2 12.3 28.9 41.3 22.6 24.6 Private creditors Interest (%) ... . 4.4 6.3 7.7 5.9 6.0 6.3 6.5 Maturity (years) ... . 5.5 11.7 10.5 8.6 9.5 6.0 7.4 Grace period (years) ... . 0.9 0.9 3.5 2.4 0.9 1.5 1.4 Grant element (%) ... . 14.8 14.3 9.4 14.7 14.1 10.5 10.7 Memorandum items Commitments ... 547 564 441 1,001 784 686 548 Official creditors . .. 508 449 166 705 430 333 199 Private creditors ..39 115 274 296 354 353 349 10. CONTRACTUAL OBLIGATIONS ON OLrTSTANDING LONG-TERM DEBT I 09' 2''0 2"! 02 3 2,4 2005l 21016 20S TOTAL Disbursements 301 215 126 88 58 35 25 11 7 5 Principal 436 499 441 366 339 272 248 229 120 83 Interest 175 158 137 116 95 77 61 47 35 29 Official creditors Disbursements 192 150 105 80 58 35 25 1 1 7 5 Principal 174 182 167 161 160 144 145 144 80 58 Interest 76 74 70 64 58 52 45 38 3 1 28 Bilateral creditors Disbursements 80 47 24 12 5 1 1 0 0 0 Principal 156 140 ill 102 95 84 84 86 41 23 Interest 5 1 44 37 32 26 21 17 13 9 8 Multilateral creditors Disbursements 112 103 81 68 53 33 24 1 1 7 5 Principal 18 42 56 59 65 60 60 58 39 35 Interest 25 30 32 33 32 30 28 25 22 20 Private creditors Disbursements 109 65 21 8 0 0 0 0 0 0 Principal 262 318 274 206 179 128 103 85 39 25 Interest 99 84 67 5 1 37 26 16 9 4 1 Commercial banks Disbursements 20 8 4 0 0 0 0 0 0 0 Principal 53 7 1 73 53 41 30 23 23 1 8 1 5 Interest 22 19 1 5 1 1 8 6 5 3 2 1 Other private Disbursements 90 57 1 8 8 0 0 0 0 0 0 Principal 209 247 201 152 138 99 80 63 22 10 Interest 77 65 52 40 29 19 1 2 6 2 0 582 VANUATU (US$ million, unless otherwise indicated) 1970 1980l 1990 1992 1993 1994 1995 1996 1997 1998 I. SUMMARY DEBT DATA TOTAL DEBT STOCKS (EDT) .. 4.1 40.2 40.4 42.4 46.5 48.2 47.1 47.9 63.2 Long-term debt (LDOD) .. 4.1 30.6 39.6 39.4 41.5 43.2 42.1 38.9 54.2 Public and publicly guaranteed .. 4. L 30.6 39.6 39.4 41.5 43.2 42.1 38.9 54.2 Private nonguaranteed .. 0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Use of IMF credit 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Short-term debt .. 0.0 9.6 0.8 3.0 5.0 5.0 5.0 9.0 9.0 of which interest arrears on LDOD .. 0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Official creditors .. 0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private creditors .. 0( 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: principal arrears on LDOD . 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Official creditors .. 0.) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private creditors .. 0( 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: export credits .. 0.0 23.0 20.0 17.0 15.0 14.0 11.0 9.0 10.0 TOTAL DEBT FLOWS Disbursements .. 0.0 8.7 4.5 1.1 1.8 1.6 1.1 0.9 12.1 Long-term debt .. 0.0 8.7 4.5 1.1 1.8 1.6 1.1 0.9 12.1 IMF purchases 0.0 0.( 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal repayments .. 0.4 1.0 0.9 0.9 1.0 0.9 1.0 0.9 0.6 Long-termn debt .. 0.4 1.0 0.9 0.9 1.0 0.9 1.0 0.9 0.6 Ilvirepurchases 0.0 0.0' 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Net flows~ on debt .. .0. 7.8 3.2 2.4 2.8 0.7 0.1 4.0 11.5 of wbich short-term debt .. 0.0 0.1 -0.4 2.2 2.0 0.0 0.0 4.0 0.0 Interest payments (INT) .. 0.2 1.5 0.6 0.7 0.9 1.0 1.0 1.4 1.1 Long-term debt .. 0.2 0.7 0.6 0.5 0.7 0.7 0.7 0.6 0.6 lvIM charges 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Short-term debt .. 0.0 0.7 0.1 0.1 0.2 0.3 0.3 0.8 0.5 Net transfers on debt .. 0.6 6.4 2.6 1.8 1.9 -0.3 .0.8 2.7 10.4 Total debt service paid (TDS) .. 0.6 2.4 1.5 1.5 1.9 1.9 1.9 2.2 1.7 Long-term debt .. 0.6 1.7 1.4 1.4 1.6 1.6 1.6 1.4 1.2 IMF repurchases and charges 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Short-term debt (interest only) .. 0.0 0.7 0.1 0.1 0.2 0.3 0.3 0.8 0.5 2. AGGREGATE NET RESOtfRCE FLOWS AND NET TRANSFERS (LONG-TERM) NET RESOURCE F'LOWS .. 19.4 42.8 40.1 37.5 44.1 54.2 45.9 37.2 45.5 Net flow of long-termndebt (ex. IMF) .. -0.4 7.7 3.6 0.2 0.8 0.7 0.1 0.0 11.5 Foreign direct investmnent (net) .. 0.0 13.0 26.0 26.0 30.0 31.0 33.0 30.0 27.0 Portfolio equity flows .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Grants (excluding techrnical coop.) .. 19.7 22.0 10.5 11.3 13.3 22.5 12.7 7.2 7.1 Memo: technical coop. grants .. 24.7 22.3 25.4 23.3 27.7 21.5 18.1 2.0 22.1 official net resourrceflows .. 19.4 30.0 14.3 11.7 14.3 23.4 13.0 7.3 18.6 private net resource flows .. 0.0 12.8 25.8 25.8 29.8 30.8 32.9 29.9 26.9 NET TRANSFERS .. 19.2 26.8 9.3 6.5 10.5 19.6 13.3 1.6 8.9 Interest on long-term debt .. 0.2 0.7 0.6 0.5 0.7 0.7 0.7 0.6 0.6 Profit remittances on FDI .. 0.0 15.2 30.2 30.4 33.0 34.0 32.0 35.0 36.0 Memo: official net transfers .. 19.2 29.4 13.8 11.2 13.7 22.8 12.4 6.7 18.0 private net transfers .. 0.0 -2.6 -4.5 -4.7 -3.2 -3.2 0.9 -5.1 -9.1 3. ~IAJOR ECONO!rUC AGGREGATES Gross national product (GNP) .. 95.9 162.6 174.6 181.0 190.7 216.8 231.2 233.4 223.2 Exports of goods &services (XGS) ... 112.7 112.1 106.2 118.9 129.1 138.8 138.5 181.8 of which workers remiittances . . 6.9 6.8 4.9 5.8 6.1 0.0 0.0 11.4 Imports of goods &services (MGS) ... 136.5 141.1 138.2 155.5 164.5 165.2 160.6 158.3 Intemnational reserves (RES) ... 37.7 42.5 45.6 43.6 48.3 43.9 37.3 44.7 Current account balance ... -6.2 -9.7 -11.7 -18.5 -18.2 -26.9 -19.3 4.5 ___4. DEB-T INDICA-TOR.S- EDT /XGS (). . 35.7 36.0 39.9 39.1 37.3 33.9 34.6 34.8 EDT / GNP (% . 4.3 24.7 23.1 23.4 24.4 22.2 20.4 20.5 28.3 TDSI/XGS(% ... 2.1 1.3 1.4 1.6 1.5 1.4 1.6 0.9 INT /XGS (%) . . 1.3 0.5 0.7 0.8 0.8 0.7 1.0 0.6 INT I GNP (% . 0.2 0.9 0.3 0.4 0.5 0.5 0.4 0.6 0.5 RES /EDT(% ... 93.8 105.1 107.5 93.7 100.2 93.3 77.9 70.7 RES / MGS (months) ... 3.3 3.6 4.0 3.4 3.5 3.2 2.8 3.4 Short-term /EDT (%) .. 0.0 23.9 2.0 7.1 10.8 10.4 10.6 18.8 14.2 Concessional /EDT (%) .. 78.1 62.7 89.1 86.3 84.3 85.9 87.1 79.8 85.0 Multilateral /EDT (%) .. 0.0 39.6 64.9 63.4 64.3 64.7 65.8 60.5 70.1 583 VANUATU (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 .5. LONG-TERMI DEBT DEBT OUTSTANDING (LDOD) .. 4.1 30.6 39.6 39.4 41.5 43.2 42.1 38.9 54.2 Public and publicly guaranteed .. 4.1 30.6 39.6 39.4 41.5 43.2 42.1 38.9 54.2 Official creditors .. 3.9 29.1 38.6 38.6 40.9 42.8 41.8 38.8 54.2 Multilateral .. 0.0 15.9 26.2 26.9 29.9 31.2 31.0 29.0 44.3 Concessional .. 0.0 12.9 24.5 25.7 29.0 30.5 30.7 29.0 44.3 Bilateral .. 3.9 13.3 12.4 11.7 11.0 11.6 10.9 9.7 9.9 Concessional .. 3.2 12.3 11.5 10.9 10.2 10.9 10.3 9.2 9.4 Private crechtors .. 0.2 1.5 1.0 0.8 0.6 0.4 0.3 0.2 0.1 Bonds .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Conmmercial banks .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Other private .. 0.2 1.5 1.0 0.8 0.6 0.4 0.3 0.2 0.1 Private nonguaranteed .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 0.0 0.0 4.0 11.1 11.4 12.5 13.2 13.2 13.0 14.1 DISBURSEMENTS .. 0.0 8.7 4.5 1.1 1.8 1.6 1.1 0.9 12.1 Public and publicly guaranteed .. 0.0 8.7 4.5 1.1 1.8 1.6 1.1 0.9 12.1 Official creditors .. 0.0 8.7 4.5 1.1 1.8 1.6 1.1 0.9 12.1 Multilateral .. 0.0 3.3 3.5 1.0 1.6 1.4 1.0 0.8 12.1 Concessional .. 0.0 3.3 3.5 1.0 1.6 1.4 1.0 0.8 12.1 Bilateral .. 0.0 5.4 1.0 0.1 0.2 0.2 0.2 0.1 0.0 Concessional .. 0.0 5.3 1.0 0.1 0.2 0.2 0.2 0.1 0.0 Private creditors .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Comimercial banks .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Other private .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private nonguaranteed .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 0.0 0.0 0.8 3.0 0.3 0.5 0.4 0.5 0.6 0.6 PRINCIPAL REPAYMENTS .. 0.4 1.0 0.9 0.9 1.0 0.9 1.0 0.9 0.6 Public and publicly guaranteed .. 0.4 1.0 0.9 0.9 1.0 0.9 1.0 0.9 0.6 Official creditors .. 0.3 0.8 0.7 0.7 0.8 0.7 0.8 0.8 0.5 Multilateral .. 0.0 0.5 0.5 0.5 0.4 0.4 0.5 0.4 0.2 Concessional .. 0.0 0.0 0.0 0.0 0.1 0.1 0.2 0.2 0.2 Bilateral .. 0.3 0.3 0.2 0.2 0.3 0.4 0.4 0.3 0.3 Concessional .. 0.3 0.2 0.1 0.1 0.3 0.3 0.3 0.3 0.2 Private creditors .. 0.0 0.2 0.2 0.2 0.2 0.2 0.1 0.1 0.1 Bonds .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commnercial banks .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Other private .. 0.0 0.2 0.2 0.2 0.2 0.2 0.1 0.1 0.1 Private nonguaranteed .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Comimercial banks .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 NET FLOWS ON DEBT .. 0.4 7.7 3.6 0.2 0.8 0.7 0.1 0.0 11.5 Public and publicly guaranteed .. 0.4 7.7 3.6 0.2 0.8 0.7 0.1 0.0 11.5 Official creditors .. -0.3 8.0 3.8 0.4 1.0 0.9 0.3 0.1 11.5 Multilateral .. 0.0 2.8 3.0 0.6 1.1 1.0 0.5 0.4 11.8 Concessional .. 0.0 3.3 3.5 1.0 1.5 1.3 0.8 0.7 11.8 Bilateral .. -0.3 5.2 0.8 -0.1I -0. 1 -0. 1 -0.2 -0.2 -0.3 Concessional .. -0.3 5.2 0.9 -0.1I 0.0 -0.1I -0. 1 -0.2 -0.2 Private creditors .. 0.0 -0.2 -0.2 -0.2 -0.2 -0.2 -0. 1 -0.1I -0.1I Bonds .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Other private .. 0.0 -0.2 -0.2 -0.2 -0.2 -0.2 -0. 1 -0. 1 -0. 1 Private nonguaranteed .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 0.0 0.0 0.8 3.0 0.3 0.5 0.4 0.5 0.5 0.6 584 VANUATU (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 INTEREST PAYMENTS (LINT) .. 0.2 0.7 0.6 0.5 0.7 0.7 0.7 0.6 0.6 Public and publicly guaranteed .. 0.2 0.7 0.6 0.5 0.7 0.7 0.7 0.6 0.6 Official creditors .. 0.2 0.6 0.5 0.5 0.6 0.6 0.6 0.6 0.6 Multilateral .. 0.0 0.2 0.3 0.3 0.3 0.3 0.3 0.3 0.3 Concessional .. 0.0 0.1 0.2 0.2 0.2 0.3 0.3 0.2 0.3 Bilateral .. 0.2 0.4 0.2 0.2 0.3 0.4 0.3 0.3 0.3 Concessional .. 0.2 0.3 0.1 0.1 0.3 0.3 0.3 0.3 0.3 Private creditors .. 0.0 0.2 0.1 0.1 0.0 0.0 0.0 0.0 0.0 Bonds .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Other private .. 0.0 0.2 0.1 0.1 0.0 0.0 0.0 0.0 0.0 Private nonguaranteed .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IiBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 0.0 0.0 0.0 0.1 0.1 0.1 0.1 0.1 0.1 0.1 NET TRANSFERS ON DEBT .. 0.6~ 7.0 3.0 -0.3 0.2 0.0 -0.5 -0.6 10.9 Public and publicly guaranteed .. -0.6 7.0 3.0 -0.3 0.2 0.0 -0.5 -0.6 10.9 Official creditors .. -0.6 7.4 3.3 0.0 0.4 0.2 -0.3 -0.4 11.0 Multilateral .. 0.0 2.6 2.7 0.3 0.9 0.7 0.2 0.1 11.5 Concessional .. 0.0 3.2 3.3 0.8 1.3 1.1 0.5 0.4 11.5 Bilateral .. -0.6 4.8 0.6 -0.3 -0.5 -0.5 -0.5 -0.6 -0.6 Concessional .. -0.4 4.8 0.7 -0.2 -0.3 -0.4 -0.4 -0.5 -0.5 Private creditors .. 0.0 -0.4 -0.3 -0.3 -0.3 -0.2 -0.2 -0.1I -0.1I Bonds .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Other private .. 0.0 -0.4 -0.3 -0.3 -0.3 -0.2 -0.2 -0.1I -0. 1 Private nonguaranteed .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 0.0 0.0 0.8 2.9 0.2 0.4 0.3 0.4 0.4 0.5 DEBT SERVICE (LTDS) .. 0.6 1.7 1.4 1.4 1.6 1.6 1.6 1.4 1.2 Public and publicly guaranteed .. 0.6 1.7 1.4 1.4 1.6 1.6 1.6 1.4 1.2 Official creditors .. 0.6 1.3 1.1 1.1 1.4 1.4 1.5 1.3 1.1 Multilateral .. 0.0 0.7 0.8 0.7 0.7 0.7 0.8 0.7 0.5 Concessional .. 0.0 0.1 0.2 0.3 0.3 0.3 0.4 0.4 0.5 Bilateral .. 0.6 0.7 0.4 0.4 0.7 0.7 0.7 0.6 0.6 Concessional .. 0.4 0.5 0.2 0.3 0.5 0.6 0.6 0.5 0.5 Private creditors .. 0.0 0.4 0.3 0.3 0.3 0.2 0.2 0.1 0.1 Bonds .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Other private .. 0.0 0.4 0.3 0.3 0.3 0.2 0.2 0.1 0.1 Private nonguaranteed .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 0.0 0.0 0.0 0.1 0.1 0.1 0.1 0.1 0.1 0.1 UNDISBURSED DEBT .. 0.0 18.1 12.5 11.4 9.8 8.4 15.4 13.1 22.0 Official creditors .. 0.0 18.1 12.5 11.4 9.8 8.4 15.4 13.1 22.0 Private creditors .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memorandum items ConcessionaliLDOD .. 3.2 25.1 35.9 36.6 39.2 41.4 40.9 38.2 53.7 Variable rate LDOD .. 0.0 0.8 0.6 0.5 0.5 0.4 0.3 0.2 0.1 Public sector LDOD .. 4.1 30.6 39.6 39.4 41.5 43.2 42.1 38.9 54.2 Private sector LDOD .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 6. CURRENCI COWPOSITION OF LONG-TE'RM DEBT (PERCENTS Deutsche mark .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 French franc .. 82.5 33.3 18.2 17.0 17.6 18.1 17.1 15.9 12.0 Japanese yen .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Pound sterling .. 14.6 0.7 0.3 0.3 0.2 0.0 0.0 0.0 0.0 Swiss franc .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 U.S.dollars .. 0.0 20.9 38.4 39.1 40.0 39.3 40.3 42.1 57.2 Multiple currency .. 0.0 28.7 28.0 30.0 33.2 33.8 34.6 34.2 25.4 Special drawing rights .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 All other currencies .. 2.9 16.4 15.1 13.6 9.0 8.8 8.0 7.8 5.4 585 VANUATU (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 7. DEBT RESTFRUCTUIRINGS Total amount rescheduled ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Debt stock rescheduled ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal rescheduled ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Official ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Interest rescheduled ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Official ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Debt forgiven ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: interest forgivenrl . 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Debt stock reduction ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 of which debt buyback ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 8. DEBTr STOCK-FLOW RECONCILIArION Total change in debt stocks . . 9.9 1.1 1.9 4.1 1.7 -1.1 0.8 15.3 Net flows on debt .. -0.4 7.8 3.2 2.4 2.8 0.7 0.1 4.0 11.5 Net change in interest arrears ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Interest capitalized ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Debt forgiveness or reduction ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Cross-currency valuation ... 1.6 -0.9 -0.6 -0. 1 0.8 -0.5 -0.8 0.4 Residual ... 0.5 -1.2 0.1 1.4 0.2 -0.7 -2.4 3.5 9. AVERAGE TERAIlS OF NEW COMMITMENTS ALL CREDITORS Interest (%) .. 0.0 0.0 1.0 0.0 0.0 0.0 3.5 0.0 3.3 Maturity (years) .. 0.0 0.0 39.5 0.0 0.0 0.0 39.9 0.0 39.6 Grace period (years) .. 0.0 0.0 10.0 0.0 0.0 0.0 10.4 0.0 10.1 Grant element (%) .. 0.0 0.0 78.1 0.0 0.0 0.0 56.0 0.0 57.7 Official creditors Interest (%) .. 0.0 0.0 1.0 0.0 0.0 0.0 3.5 0.0 3.3 Maturity (years) .. 0.0 0.0 39.5 0.0 0.0 0.0 39.9 0.0 39.6 Grace period (years) .. 0.0 0.0 10.0 0.0 0.0 0.0 10.4 0.0 10.1 Grant element (%) .. 0.0 0.0 78.1 0.0 0.0 0.0 56.0 0.0 57.7 Private creditors Interest (%) .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Maturity (years) .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Grace period (years) .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Grant element (%) .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memorandum items Commitments .. 0.0 0.0 5.2 0.0 0.0 0.0 9.9 0.0 20.5 Official creditors .. 0.0 0.0 5.2 0.0 0.0 0.0 9.9 0.0 20.5 Private creditors .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 10. CONTRACTUrAL OBLIGAT'IONS ON OLUTSTANDING LONG-TERMI DEBT 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 TOTAL Disbursements 7.2 5.4 4.0 2.9 1.9 0.7 0.0 0.0 0.0 0.0 Principal 0.8 1.0 1.0 1.1 1.1 1.2 1.2 1.4 1.6 2.0 Interest 0.6 0.7 0.7 0.7 0.7 0.7 0.7 0.7 0.8 1.2 Official creditors Disbursements 7.2 5.4 4.0 2.9 1.9 0.7 0.0 0.0 0.0 0.0 Principal 0.7 1.0 1.0 1.1 1.1 1.2 1.2 1.4 1.6 2.0 Interest 0.6 0.7 0.7 0.7 0.7 0.7 0.7 0.7 0.8 1.2 Bilateral creditors Disbursements 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal 0.3 0.6 0.6 0.5 0.5 0.5 0.5 0.5 0.5 0.5 Interest 0.3 0.3 0.3 0.3 0.2 0.2 0.2 0.2 0.2 0.2 Multilateral creditors Disbursements 7.2 5.3 4.0 2.9 1.9 0.7 0.0 0.0 0.0 0.0 P'rincipal 0.4 0.4 0.5 0.6 0.6 0.6 0.6 0.8 1.1 1.5 Interest 0.3 0.4 0.4 0.4 0.5 0.5 0.5 0.5 0.6 1.1 Private creditors Disbursements 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal 0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Interest 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks Disbursements 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Interest 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Other private Disbursements 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal 0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Interest 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 586 VENEZIELA, REPUBLICA BOLIVARIANA de (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 I. SUNIMARY DEBT DATA TOTAL DEBT STOCKS (EDT) 29,344 33,170 37,848 37,539 36,853 35,848 35,360 35,558 37,003 Long-term debt (LDOD) 954 13,795 28,159 29,628 30,177 30,478 30,514 30,283 29,546 33,373 Public and publicly guaranteed 718 10,614 24,509 25,830 26,855 28,042 28,501 28,469 26,697 26,692 Private nonguaranteed 236 3,181 3,650 3,798 3,322 2,436 2,013 1,814 2,849 6,681 Use of IMF credit 0 0 3,012 2,946 2,680 2,643 2,239 2,196 1,618 1,226 Short-term debt 15,550 2,000 5,275 4,682 3,732 3,096 2,881 4,395 2,405 of which interest affears on LDOD 15 0 147 189 293 305 296 277 286 Official creditors 0 0 9 2 12 12 11 10 11 Private creditors 15 0 138 188 280 293 284 266 275 Memo: principal arrears on LDOD 37 0 472 834 1,249 1,301 1,241 1,168 1,213 Official creditors 0 0 22 48 116 116 105 95 104 Private creditors 37 0 450 786 1,133 1,185 1,136 1,073 1,110 Memo: export credits 0 2,386 5,548 6,491 7,750 5,860 4,846 3,795 4,221 TOTAL DEBT FLOWS Disbursements 282 4,761 4,069 2,572 2,137 1,045 1,718 2,887 6,386 6,504 Long-termn debt 282 4,761 2,226 2,572 2,137 1,045 1,718 2,379 6,386 6,504 IMFEpurchases 0 0 1,843 0 0 0 0 508 0 0 Principal repayments 67 2,972 1,747 1,194 1,783 1,573 2,464 2,365 6,323 3,463 Long-term debt 67 2,972 1,747 1,013 1,515 1,372 2,003 1,888 5,871 3,017 vIMFrepurchases 0 0 0 181 268 201 462 477 452 446 Net flows on debt 683 5,556 2,037 4,222 -281 -1,582 -1,395 317 1,596 1,042 of which short-term debt 3.767 -284 2.844 -635 -1,054 -648 -205 1,532 -1,999 Interest payments (INT) .. 3,065 3,242 2,137 2,162 2,115 2,402 2,138 2,313 2,418 Long-term debt 53 1,475 2,993 1,626 1,768 1,768 2,067 1,860 2,019 2,158 IMFecharges 0 0 37 229 174 141 142 100 93 72 Short-term debt 1,590 212 282 220 206 193 178 201 187 Net transfers on debt .. 2,491 .1,205 2,084 -2,443 -3,697 -3,797 -1,822 -717 -1,376 Total debt service paid (TDS) .. 6,037 4,990 3,331 3,945 3,688 4,867 4,504 8,635 5,880 Long-termn debt 120 4,447 4,741 2,639 3,283 3,140 4,070 3,749 7,890 5,175 IMF repurchases and charges 0 0 37 410 442 342 604 577 545 518 Short-term debt (interestorily) 1,590 212 282 220 206 193 178 201 187 2. AGGREGATE NET RE~SOURCE FLO%WS AND NEY TRANSFERS (LONG-TERMI NET RESOURCE F'LOWS 192 1,844 934 2,339 1,062 533 1,179 4,427 6,493 8,008 Net flow of long-termn debt (ex. IME 215 1,789 478 1,559 622 -327 -285 491 516 3,487 Foreign direct investmnent (net) -23 55 451 629 372 813 985 2,183 5,536 4,435 Portfolio equity flows 0 0 0 146 59 42 461 1,740 429 64 Grants (excluding technical coop.) 0 0 5 5 9 6 18 1 3 12 22 Memo: technical coop. grants 6 19 27 33 33 28 35 32 30 21 official net resource flows 4 19 1,060 794 101 398 172 -167 -238 1,142 private net resource flows 187 1,825 -126 1,545 961 135 1,007 4,594 6,731 6,866 NET TRANSFERS -429 47 -2,283 205 -1,280 -1,834 -1,508 1,867 3,474 4,649 Interest on long-term debt 53 1,475 2,993 1,626 1,768 1,768 2,067 1,860 2,019 2,158 Profit remittances on FDI 568 322 224 507 574 600 620 700 1,000 1,200 Memo: official net transfers -16 -16 989 566 -167 128 -124 -444 -477 919 private net transfers -413 63 -3,272 -361 -1,113 -1,962 -1,384 2,310 3,951 3,731 3. 4LAJOR ECONONMIC AGGREGATES Gross national product (GNP) 12,865 69,703 47,149 58,944 58,265 56,538 75,400 68,543 86,435 93,342 Exports of goods & services (XGS) 2,833 22,232 21,464 17,121 17,718 19,307 22,620 26,859 27,331 21,449 of which workers remittances 0 0 ...0 ...0 0 Imports of goods & services (MGS) 2,845 17,065 12,883 20,496 19,343 16,682 20,715 18,083 23,720 23,857 Intemnational reserves (RES) 1,047 13,360 12,733 13,381 13,693 12,459 10,715 16,020 17,704 14,729 Current account balance -104 4,728 8,279 -3,749 -1,993 2,541 2,014 8,914 3,467 -2,562 4. DEBT INDICATORS EDT/XGS (% . 132.0 154.5 221.1 211.9 190.9 158.5 131.7 130.1 172.5 EDT/GNP(% . 42.1 70.4 64.2 64.4 65.2 47.5 51.6 41.1 39.6 TDS/XGS(% . 27.2 23.3 19.5 22.3 19.1 21.5 16.8 31.6 27.4 I!NT/XGS (% . 13.8 15.1 12.5 12.2 11.0 10.6 8.0 8.5 11.3 INT/GNP(% . 4.4 6.9 3.6 3.7 3.7 3.2 3.1 2.7 2.6 RES /EDT (% . 45.5 38.4 35.4 36.5 33.8 29.9 45.3 49.8 39.8 RES /MGS (months) 4.4 9.4 11.9 7.8 8.5 9.0 6.2 10.6 9.0 7.4 Short-term /EDT (%) .. 53.0 6.0 13.9 12.5 10.1 8.6 8.2 12.4 6.5 Concessional / EDT (% . 0.2 0.3 0.2 0.2 0.3 0.3 0.3 0.2 0.2 Multilateral I EDT (%) .. 0.7 4.9 7.2 7.7 8.5 9.2 7.9 7.0 8.4 587 VENEZUELA, REPUBLICA BOLI VARIANA de (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 r5. LONG-TERNI DEBT DEBT OUTSTANDING (LDOD) 954 13,795 28,159 29,628 30,177 30,478 30,514 30,283 29,546 33,373 Public and publicly guaranteed 718 10,614 24,509 25,830 26,855 28,042 28,501 28,469 26,697 26,692 Official creditors 366 571 1,932 3,548 3,769 4,477 4,703 4,073 3,507 4,770 Multilateral 244 216 1,639 2,728 2,884 3,133 3,300 2,790 2,492 3,107 Concessional 1 42 12 8 7 5 4 3 1 0 Bilateral 122 355 293 820 884 1,344 1,403 1,284 1,015 1,663 Concessional 8 1 8 73 67 64 86 96 102 84 79 Private creditors 352 10,043 22,577 22,282 23,087 23,565 23,798 24,395 23,190 21,922 Bonds 37 1,261 19,644 20,099 20,998 21,061 20,885 20,660 19,560 18,719 Commercial banks 237 8,159 364 202 289 585 1,158 1,985 1,982 1,742 Other private 78 623 2,569 1,981 1,799 1,920 1,755 1,750 1,648 1,462 Private nonguaranteed 236 3,181 3,650 3,798 3,322 2,436 2,013 1,814 2,849 6,681 Bonds 0 0 0 174 264 114 114 134 319 2,694 Commercial banks 236 3,181 3,650 3,624 3,058 2,322 1,899 1,680 2,530 3,987 Memo: IBRD 217 133 974 1,479 1,529 1,653 1,639 1,408 1,213 1,219 IDA 0 0 0 0 0 0 0 0 0 0 DISBURSEMENTS 282 4,761 2,226 2,572 2,137 1,045 1,718 2,379 6,386 6,504 Public and publicly guaranteed 216 2,870 2,226 1,714 1,877 1,045 1,638 1,981 5,126 2,231 Official creditors 30 88 1,103 838 173 493 529 265 204 1,578 Multilateral 21 3 1,035 597 126 103 267 74 176 846 Concessional 1 2 0 0 0 0 0 0 0 0 Bilateral 10 85 69 241 47 391 262 191 29 732 Concessional 0 0 15 0 2 19 16 20 0 0 Private creditors 186 2,782 1,122 876 1,704 552 1,109 1,716 4,922 653 Bonds 0 276 599 757 1,500 0 349 432 4,515 500 Commercial banks 140 2,362 26 82 123 304 586 944 225 152 Other private 46 144 497 37 8 1 248 174 340 182 1 Private nonguaranteed 67 1,891 0 858 260 0 80 398 1,260 4,272 Bonds 0 0 0 174 90 0 0 95 200 2,450 Commercial banks 67 1,891 0 684 170 0 80 303 1,060 1,822 Memo: IBRD 15 1 840 177 20 20 47 48 91 188 IDA 0 0 0 0 0 0 0 0 0 0 PRINCIPAL REPAYMENTS 67 2,972 1,747 1,013 1,515 1,372 2,003 1,888 5,871 3,017 Public and publicly guaranteed 42 1,737 1,574 303 779 486 1,500 1,291 5,646 2,577 Official creditors 26 68 49 49 80 101 375 445 454 459 Multilateral 13 33 8 17 33 65 202 272 271 289 Concessional 0 3 3 1 1 1 1 1 1 1 Bilateral 13 35 41 32 47 36 173 173 183 170 Concessional 4 6 0 1 0 4 12 8 9 8 Private creditors 1 6 1,668 1,526 254 699 386 1,125 847 5,192 2,118 Bonds 1 1 3 254 53 466 145 677 503 4,873 1,467 Commercial banks 5 1,324 706 23 27 32 46 54 115 430 Other private 1 0 331 566 178 206 208 402 290 204 221 Private nonguaranteed 25 1,235 173 710 736 886 503 597 225 440 Bonds 0 0 0 0 0 150 0 75 15 75 Commercial banks 25 1,235 173 710 736 736 503 522 210 365 Memo: IBRD 10 23 0 0 0 0 116 169 172 179 IDA 0 0 0 0 0 0 0 0 0 0 NET FLOWS ON DEBT 215 1,789 478 1,559 622 -327 -285 491 516 3,487 Public and publicly guaranteed 174 1,133 651 1,411 1,098 559 138 690 -519 -345 Official creditors 4 20 1,055 789 93 393 154 -180 -250 1,119 Multilateral 8 -30 1,027 580 92 38 65 -198 -96 557 Concessional 1 -1 -3 -1 -1 -1 -1 -1 -1 -1 Bilateral -4 50 28 209 0 355 89 1 8 -154 563 Concessional -4 -6 15 -1 2 15 4 12 -9 -8 Private creditors 169 1.114 -404 622 1,005 166 -16 869 -269 -1,465 Bonds -1 263 345 704 1,035 -145 -328 -71 -358 -967 Commercial banks 134 1,038 -680 59 96 272 540 890 110 -278 Other private 36 -187 -69 -141 -126 40 -228 50 -22 -220 Private nonguaranteed 41 656 -173 148 -476 -886 -423 -199 1,035 3,832 Bonds 0 0 0 174 90 -150 0 20 185 2,375 Commercial banks 41 656 -173 -26 -566 -736 -423 -219 850 1,457 Memo: IBRD 6 -22 840 177 20 20 -69 -121 -81 8 IDA 0 0 0 0 0 0 0 0 0 0 588 VENEZUELA, REPUJBLICA BOLI VARIANA de (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 INTEREST PAYMENTS (LINT) 53 1,475 2,993 1,626 1,768 1,768 2,067 1,860 2,019 2,158 Plublic and publicly guaranteed 40 1,218 2,593 1,526 1,521 1,636 1,956 1,819 1,831 1,896 Official creditors 20 36 7 1 228 268 270 296 277 240 223 Multilateral 15 1 8 59 187 212 231 231 226 191 181 Concessional 0 2 0 0 0 0 0 0 0 0 Bilateral 5 1 8 12 41 56 40 66 5 1 49 42 Concessional 3 1 0 1 1 2 3 3 4 4 Private creditors 20 1,183 2,522 1,298 1,253 1,365 1,660 1,542 1,592 1,673 Bonds 3 61 135 1,255 1,179 1,307 1,518 1,402 1,422 1,502 Commercial banks 16 1,052 2,198 6 6 19 65 86 126 132 Other private 2 70 189 37 68 40 77 54 45 40 Private nonguaranteed 13 257 400 100 246 132 ill 42 188 262 Bonds 0 0 0 2 14 20 10 10 I11 3 1 Cornunercial banks 1 3 257 400 98 232 112 101 32 177 231 Memo: IBRD 1 3 12 19 106 ill 115 120 108 87 77 IDA 0 0 0 0 0 0 0 0 0 0 NET TRANSFERS ON DEBT 162 314 -2,515 -68 -1,146 -2,094 -2,352 -1,370 -1,503 1,328 Public and publicly guaranteed 134 -85 -1,942 -115 -424 -1,077 -1,818 -1,129 -2,350 -2,242 Official creditors -16 -16 984 561 -176 122 -142 -457 -489 897 Multilateral -7 -48 968 393 -120 -193 -166 -424 -286 376 Concessional 1 -3 -4 -2 -2 -2 -2 -1 -1 -1 Bilateral -9 32 16 168 -56 315 23 -33 -203 521 Concessional -6 -6 15 -2 1 13 2 10 -13 -12 Private creditors 150 -69 -2,926 -676 -248 -1,199 -1,676 -672 -1,861 -3,138 Bonds -4 202 210 -550 -145 -1,452 -1,846 -1,472 -1,779 -2,469 Commnercial banks 119 -15 -2,878 53 90 253 475 804 -16 -409 Other private 35 -256 -258 -178 -193 0 -305 -4 -66 -260 Private nonguaranteed 28 399 -573 48 -722 -1,018 -534 -241 847 3,570 Bonds 0 0 0 172 76 -170 -10 10 174 2,344 Conimnercial banks 28 399 -573 -124 -798 -848 -524 -251 673 1,226 Memo: IBRD -7 -35 821 7 1 -91 -95 -189 -229 -168 -68 IDA 0 0 0 0 0 0 0 0 0 0 DEBT SERVICE (LTDS) 120 4,447 4,741 2,639 3,283 3,140 4,070 3,749 7,890 5,175 Public and publicly guaranteed 82 2,955 4,168 1,829 2,301 2,122 3,456 3,110 7,477 4,473 Official creditors 46 104 119 277 349 371 671 722 694 682 Multilateral 28 5 1 67 204 246 296 433 498 462 470 Concessional 0 5 4 2 2 2 2 1 1 1 Bilateral 1 8 53 53 73 103 76 238 223 232 212 Concessional 6 6 0 2 1 6 14 10 13 12 Private creditors 36 2,851 4,048 1,552 1,952 1,751 2,785 2,388 6,783 3,791 Bonds 4 74 389 1,308 1,645 1,452 2,195 1,904 6,294 2,969 Commercial banks 21 2,377 2,905 29 33 5 1 110 140 241 561 Other private 1 1 401 755 216 274 248 479 344 248 261 Private nonguaranteed 38 1,492 573 810 982 1,018 614 639 413 702 Bonds 0 0 0 2 14 170 10 85 26 106 Commercial banks 38 1,492 573 808 968 848 604 554 387 596 Memo: IBRD 23 35 19 106 Ill 115 235 277 259 256 IDA 0 0 0 0 0 0 0 0 0 0 UNDISBURSED DEBT 196 364 2,986 3,395 3,562 3,199 2,518 2,198 2,212 3,800 Official creditors 106 101 1,567 2,207 2,670 2,619 2,294 2,162 2,210 2,494 Private creditors 90 263 1,419 1,188 893 580 224 37 2 1,306 Memorandum items Concessional LDOD 82 50 84 75 7 1 91 100 105 85 79 Variable rate LDOD 255 11,224 17,448 18,592 17,997 17,768 17,844 18,128 18,398 21,270 Public sector LDOD 682 10,277 24,508 25,523 26,110 27,280 27,926 27,908 26,217 26,218 Private sector LDOD 272 3,518 3,650 4,104 4,067 3,198 2,588 2,375 3,329 7,155 6. CUJRRENCY CONIPOSITION OF LONG-TERMI DEBT iPERCENTI Deutsche mark 5.2 7.8 6.9 5.7 6.5 6.9 9.6 10.2 8.7 6.7 French franc 1.5 1.9 4.1 2.7 2.3 2.6 2.6 2.3 1.9 1.8 Japanese yen 0.0 4.9 0.6 2.8 2.6 4.0 4.2 3.7 3.1 3.0 Pound sterling 0.1 0.0 1.5 1.3 1.3 1.3 1.2 1.4 1.3 1.2 Swiss franc 4.6 0.0 0.9 0.6 0.6 0.7 0.7 0.6 0.6 0.6 U.S.dollars 54.3 82.8 78.2 75.6 75.1 72.1 68.4 70.2 73.3 79.8 Multiple currency 32.0 2.3 6.5 10.4 10.6 11.1 11.5 9.8 9.3 5.3 Special drawing rights 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 All other cur-rencies 2.3 0.3 1.3 0.9 1.0 1.3 1.8 1.8 1.8 1.6 589 VENEZUELA, REPUBLICA BOLTIVARIANA de (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 7. DEBT RESTRU'CTURINGS Total amount rescheduled 17,659 0 0 0 0 0 0 0 Debt stock rescheduled 17,630 0 0 0 0 0 0 0 Principal rescheduled 0 0 0 0 0 0 0 0 Official 0 0 0 0 0 0 0 0 Private 0 0 0 0 0 0 0 0 Interest rescheduled ..0 0 0 0 0 0 0 0 Official 0 0 0 0 0 0 0 0 Private ..0 0 0 0 0 0 0 0 Debt forgiven 0 0 0 0 0 0 0 0 Memo: interest forgiven 0 0 0 0 0 0 0 0 Debt stock reduction 2,361 204 18 0 0 0 4,400 0 of which debt buyback 634 0 0 0 0 0 4,000 0 8. DEBT STOCK-FLOW 'RECONCILL.%TION Total change in debt stocks 793 3,727 -309 -687 -1,004 -488 198 1,445 Net flows on debt 683 5,556 2,037 4,222 -281 -1,582 -1,395 317 1,596 1,042 Net change in interest ar-rears ..-6 147 43 103 12 -9 -19 9 Interest capitalized 0 0 0 0 0 0 0 0 Debt forgiveness or reduction -1,727 -204 -18 0 0 0 -400 0 Cross-currency valuation ... 541 -291 -86 608 341 -511 -648 299 Residual ... -52 -147 34 184 37 -284 -332 95 9. AVER.AGE TERMIS OF N-EW COMMITMENTS ALL CREDITORS Interest (%) 7.2 12.1 8.2 8.1 7.8 7.1 7.4 7.5 8.7 7.9 Maturity (years) 8.3 7.7 14.5 12.4 9.2 14.1 7.3 8.4 25.0 9.4 Grace period (years) 1.9 3.1 5.6 5.5 4.1 3.6 3.6 3.8 23.0 1.5 Grant element (%) 11.0 -8.5 9.5 10.4 9.3 15.0 9.5 9.2 8.4 6.6 Official creditors Interest (%) 8.0 8.3 7.8 7.1 6.8 6.9 6.8 7.3 7.5 7.1 Maturity (years) 17.8 12.4 15.6 17.4 17.2 15.7 17.2 18.0 17.6 10.2 Grace period (years) 2.9 2.7 4.9 5.3 4.8 4.3 5.2 4.5 4.0 2.5 Grant element (%) 9.4 7.1 11.8 17.3 18.2 16.9 19.1 15.9 14.3 11.0 Private creditors Interest (%) 7.0 12.3 8.5 9.2 8.2 7.4 7.7 7.6 8.9 8.7 Maturity (years) 6.8 7.5 13.6 6.8 5.9 9.0 3.2 7.2 26.1 8.5 Grace period (years) 1.7 3.1 6.1 5.7 3.8 1.4 3.0 3.7 25.8 0.5 Grant element (%) 11.3 -9.3 7.8 2.7 5.6 9.0 5.6 8.4 7.6 2.1 Memorandum items Commiitmnents 188 2,769 3,209 1,884 1,974 777 1,033 1,731 5,603 3,946 Official creditors 25 133 1,362 992 581 586 298 199 716 2,005 Private creditors 163 2,636 1,847 892 1,393 191 735 1,532 4,888 1,941 10. CONTRACTLrAL OBLIGArIONS ON OUTSTANDING LONG-TERM DEBT 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 TOTAL Disbursements 1,417 1,125 647 381 165 47 11 4 2 1 Principal 2,600 2,854 2,779 3,001 2,961 2,923 2,058 1,938 2,042 953 Interest 2,352 2,261 2,108 1,945 1,711 1,513 1,350 1,200 1,070 958 Official creditors Disbursements 789 693 476 314 158 47 1 1 4 2 1 Principal 607 686 810 808 765 782 585 375 340 278 Interest 362 369 353 322 280 231 180 144 118 94 Bilateral creditors Disbursements 70 60 30 12 4 1 0 0 0 0 Principal 205 262 321 313 245 225 132 18 5 4 Interest 78 73 60 45 30 18 6 2 1 Multilateral creditors Disbursements 719 633 446 302 154 46 1 1 4 2 1 Principal 401 424 490 495 520 557 453 357 336 274 Interest 283 296 293 277 250 213 173 142 117 93 Private creditors Disbursements 628 432 171 67 8 0 0 0 0 0 Principal 1,993 2,168 1,969 2,193 2,196 2,141 1,473 1,563 1,702 675 Interest 1,99 1 1,892 1,755 1,623 1,432 1,282 1,171 1,056 952 864 Comimercial banks Disbursements 477 312 119 52 0 0 0 0 0 0 Principal 392 446 442 415 344 278 123 82 48 44 Interest 145 143 120 93 64 41 24 16 9 6 Other private Disbursements 151 121 52 1 5 8 0 0 0 0 0 Principal 1,601 1,723 1,527 1,779 1,852 1,863 1,350 1,481 1,654 631 Interest 1,846 1,749 1,635 1,531 1,367 1,241 1,147 1,040 943 858 590 VIETNAM (US mllon unes ohewis idiatd) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 1. SUMM AIRY DE-BT DAT'A TOTAL DEBT STO-CKS (EDT) 23,270 24,332 24,168 24,800 25,427 26,257 21,633 22,359 Long-term debt (LDOD) 21,378 21,649 21,599 21,855 21,777 21,964 18,839 19,775 Public and publicly guaranteed 21,378 21,649 21,599 21,855 21,777 21,964 18,839 19,775 Private nonguaranteed 0 0 0 0 0000 Use of IMF credit 0 0 112 98 100 282 377 539 452 391 Short-term debt ..1,780 2,585 2,469 2,663 3,272 3,754 2,342 2,193 of whch interest arrears on LDOD ..1,530 1,965 1,865 2,209 2,501 2,741 1,391 1,545 Official creditors ..859 1,408 1,372 1,716 1,999 2,238 1,391 1,543 Private creditors 671 557 493 494 502 503 0 2 Memo: principal arrears on LDOD 2,011 5,316 5,324 7,205 8,915 10,574 7,360 8,046 Official creditors . 1,091 4,741 4,981 6,857 8,460 10,104 7,359 8,041 Private creditors 921 575 344 347 456 470 1 5 Memo: export credits 431 506 475 515 553 866 985 1,591 TOTAL DEBT FLOWS Disbursements 13 562 134 455 729 742 1,198 1,300 Long-termn debt 1 3 562 33 282 637 566 1,198 1,300 EIMFpurchases 0 0 0 0 101 173 92 175 0 0 Principal repayments 104 175 309 210 225 200 583 659 Long-term debt 99 175 209 210 225 200 528 581 vMF repurchases 0 0 5 0 100 0 0 0 54 78 Net flows on debt -95 831 -191 95 821 784 553 338 of which short-term debt -4 444 -16 -150 317 242 -62 -303 interest payments (INT) 70 57 108 96 139 194 325 424 Long-termndebt .. 46 36 5 1 57 82 98 268 382 IMvF charges 0 0 0 1 3 1 712096 Short-termn debt ... 23 19 26 32 46 86 47 36 Net transfers on debt ... -165 774 -299 -1 682 590 229 -86 Total debt service paid (TDS) ..174 232 417 306 364 393 907 1,083 Long-termndebt ... 146 211 260 268 306 298 797 962 IMF repurchases and charges 0 0 5 1 131 7 12 10 63 84 Short-term debt (interest only) ... 23 19 26 32 46 86 47 36 2. AGGREGATE NET RESOUTRCE FLOWS AND NET TRANSFERS ILONG-TERMl NET RESOURCE FLOWS 25 885 578 1,546 2,313 2,484 2,628 2,150 Net flow of long-term debt (ex. IF) ... -86 387 -177 71 412 367 669 719 Foreign direct investmnent (net) ... 16 385 523 742 1,400 1,500 1,800 1,200 Portfolio equity flows ...0 0 87 283 155 390 -94 0 Grants (excluding echnical coop.) ... 96 113 145 449 346 228 252 231 Memo: teChnical coop. grants ... 99 154 151 189 228 236 208 203 official net resource flows ...9 360 5 549 403 377 634 1,318 private net resource flows ... 1 6 525 573 996 1,910 2,107 1,994 832 NET TRANSFERS -.. -21 849 527 1,488 2,231 2,266 2,210 1,569 Interest on long-term debt ... 46 36 5 1 57 82 98 268 382 Profit remittances on FDI .. 0 0 0 0 0 120 150 200 Memo: official net transfers ..-17 339 -21 524 353 329 547 1,209 private net tranSfeirS -4 509 548 965 1,878 1,937 1,663 360 3. MLAJOR ECONOMIHC AGGREGATES Gross national product (GNP) ... . 9,867 12,834 15,509 19,864 22,899 2tb,355 27,184 Exports of goods &services (XGS) ... 1,953 3,241 3,788 5,364 7,441 10,214 11,819 12,101 of which workers remittances . .. .. . Imports of goods & services (MGS) ... 2,353 3,376 4,786 6,874 9,992 13,852 14,349 14,323 Intemational reserves (RES) ... . 429 362 834 1,324 1,751 1,986 1,148 Current account balance ... -351 -76 -1,063 -1,340 -2,078 -2,592 -1,817 -1,271 4. DEBT INDI-CATOR.S EDT /XGS(% ... 1,191 .5 750.8 638.0 462.4 341.7 257.1 183.0 1b4.6 EDT /GNP(% .. . 246.6 188.3 159.9 128.0 114.7 82.1 82.3 TDS /XGS(% ... 8.9 7.1 11.0 5.7 4.9 3.9 7.7 9.0 INT /XGS ().. 3.6 1.8 2.9 1.8 1.9 1.9 2.8 3.5 INT /GNP(% ... 0.6 0.8 0.6 0.7 0.9 1.2 1.6 RES /EDT(% ... 1.8 1.5 3.4 5.2 6.7 9.2 5.1 RES / MGS (months) ... . 1.5 0.9 1.5 1.6 1.5 1.7 1.0 Short-termi/ EDT ()... 7.7 10.6 10.2 10.7 12.9 14.3 10.8 9.8 Concessional /EDT(% ... 84.9 82.0 83.2 81.7 78.4 76.1 14.8 19.8 Multilateral /EDT (%) ... 0.6 0.6 0.4 0.9 1.3 2.0 3.8 5.7 591 VIETNAM (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 S. LONG-rERM% DEBT DEBT OUTSTANDING (LDOD) ... 21,378 21,649 21,599 21,855 21,777 21,964 18,839 19,775 Public and publicly guaranteed .. 21,378 21,649 21,599 21,855 21,777 21,964 18,839 19,775 Official creditors 20,171 20,417 20,649 20,868 20,449 20,481 14,102 15,354 Multilateral 130 143 104 228 325 526 828 1,270 Concessional 103 114 104 228 325 526 819 1,252 Bilateral 20,042 20,275 20,544 20,640 20,124 19,955 13,274 14,084 Concessional 19,646 19,832 19,994 20,034 19,613 19,442 2,390 3,168 Private creditors 1,207 1,232 951 986 1,328 1,483 4,737 4,421 Bonds 0 0 0 0 0 0 560 560 Comimercial banks 684 520 541 662 1,044 1,213 3,459 3,112 Other private 523 711 409 325 285 271 719 749 Private nonguaranteed .. 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 Conunercial banks 0 0 0 0 0 0 0 0 Memo: IBRD 0 0 0 0 0 0 0 0 0 0 IDA 0 2 59 57 57 181 231 412 569 851 DISBURSEMENTS ... 13 562 33 282 637 566 1,198 1,300 Public and publicly guaranteed .. 13 562 33 282 637 566 1,198 1,300 Official creditors 13 389 23 187 232 325 562 1,166 Multilateral 4 3 0 129 100 218 346 392 Concessional 0 0 0 129 100 218 338 384 Bilateral 9 386 23 58 132 107 216 773 Concessional 8 380 23 16 131 104 206 732 Private creditors 0 173 10 95 405 241 636 134 Bonds 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 94 389 207 177 54 Other private 0 173 10 1 17 35 460 80 Private nonguaranteed ...0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 Comimercial banks 0 0 0 0 0 0 0 0 Memo: IBRD 0 0 0 0 0 0 0 0 0 0 IDA 0 1 0 0 0 126 47 189 181 254 PRINCIPAL REPAYMENTS .. 99 175 209 210 225 200 528 581 Public and publicly guaranteed ... 99 175 209 210 225 200 528 581 Official creditors 99 141 163 87 175 175 179 78 Multilateral 3 3 40 6 7 6 6 5 Concessional 3 3 11 6 7 6 6 5 Bilateral 96 139 122 81 168 169 173 73 Concessional 44 126 65 62 72 77 50 38 Private creditors 0 33 47 124 50 25 349 502 Bonds 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 6 330 428 Other private 0 33 47 124 50 19 19 75 Private nonguaranteed . .0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 Comirercial banks 0 0 0 0 0 0 0 0 Memo: IBRD 0 0 0 0 0 0 0 0 0 0 IDA 0 0 1 1 1 1 1 1 1 1 NET FLOWS ON DEBT ... -86 387 -177 71 412 367 669 719 Public and publicly guaranteed . . -86 387 -177 71 412 367 669 719 Official creditors -86 248 -140 100 57 150 382 1,087 Multilateral 1 0 -40 123 94 212 340 387 Concessional -3 -3 -11 123 94 212 331 379 Bilateral -87 247 -100 -23 -37 -62 43 700 Concessional -36 255 -43 -46 59 27 156 694 Private creditors 0 140 -37 -29 355 217 287 -368 Bonds 0 0 0 0 0 0 0 0 Comimercial banks 0 0 0 94 389 201 -154 -373 Other private 0 140 -37 -122 -33 16 441 5 Private nonguaranteed . .0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 Memo: IBRD 0 0 0 0 0 0 0 0 0 0 IDA 0 1 -1 -1 -1 125 46 188 180 253 592 VIETNAM (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 INTEREST PAYMENTS (LINT) 46 36 51 57 82 98 268 382 Public and publicly guaranteed 46 36 51 57 82 98 268 382 Official creditors 26 21 26 26 50 48 87 110 Multilateral ..2 2 8 2 3 3 5 8 Concessional 0 1 6 2 3 3 5 8 Bilateral 24 19 19 24 47 45 82 101 Concessional ..3 4 8 13 21 20 53 49 Private creditors ..20 15 25 32 32 50 181 272 Bonds ..0 0 0 0 0 0 0 12 Comimercial banks 5 0 9 11 24 43 164 232 Other private ..16 15 16 20 8 7 17 29 Private nonguaranteed ..0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 Commercial banks ..0 0 0 0 0 0 0 0 Memo: IBRD 0 0 0 0 0 0 0 0 0 0 IDA 0 0 0 0 0 1 2 2 3 5 NET TRANSFERS ON DEBT -133 351 -228 14 331 268 401 337 Public and publicly guaranteed -133 351 -228 14 331 268 401 337 Official creditors -113 227 -166 74 7 101 295 978 Multilateral -1 -2 -48 121 91 209 334 379 Concessional -3 -4 -17 121 91 209 326 371 Bilateral -112 229 -118 -47 -84 -107 -40 599 Concessional -39 251 -50 -59 38 7 103 645 Private creditors -20 124 -62 -60 323 167 106 -640 Bonds ...0 0 0 0 0 0 0 -12 Commercial banks -5 0 -9 82 365 158 -318 -605 Other private -16 124 -53 -143 -41 9 424 -23 Private nonguaranteed 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 Memo: IBRD 0 0 0 0 0 0 0 0 0 0 IDA 0 1 -1 -1 -1 125 45 186 177 248 DEBT SERVICE (LTDS) 146 211 260 268 306 298 797 962 Public and publicly guaranteed 146 211 260 268 306 298 797 962 Official creditors ..125 162 189 112 224 224 267 188 Multilateral 5 5 48 8 9 9 12 13 Concessional 3 4 17 8 9 9 12 13 Bilateral 121 157 141 105 215 214 255 175 Concessional 47 130 73 75 93 97 103 86 Private creditors 20 49 72 155 82 74 530 774 Bonds 0 0 0 0 0 0 0 12 Commercial banks 5 0 9 11 24 48 494 659 Other private ..16 49 63 144 58 26 36 104 Private nonguaranteed 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 Memo: IBRD 0 0 0 0 0 0 0 0 0 0 IDA 0 0 1 1 1 1 2 3 4 5 UNDISBURSED DEBT .. 155 146 666 1,835 3,591 4,345 8,562 5,421 Official creditors 89 146 666 1,470 3,097 3,924 8,296 5,120 Private creditors 66 0 0 365 494 421 266 302 Memorandum items Concessional LDOD .. 19,750 19,945 20,099 20,262 19,937 19,968 3,209 4,420 Variable rate LDOD ... 847 791 885 887 1,000 1,077 3,500 3,290 Public sector LDOD ... 21,378 21,649 21,599 21,855 21,777 21,964 18,839 19,775 Private sector LDOD . .0 0 0 0 0 0 0 0 6. CIURRENCY COMPOSITION OF LONG-TER-NI DEBT. (PERC-ENT) Deutsche mark ... 1.7 0.3 0.5 0.6 1.0 1.0 0.9 0.9 French franc ... 1.0 0.9 0.8 0.9 1.0 1.0 1.6 1.9 Japanese yen ... 2.0 5.5 5.9 5.8 5.6 4.7 5.4 9.2 Pound sterling ... 0.2 0.1 0.1 0.1 0.1 0.2 0.1 0.1 Swiss franc ... 0.0 0.0 0.0 0.0 0.0 0.0 0.1 0.1 U.S.dollars ... 5.5 5.3 5.6 6.4 8.4 10.3 30.1 28.8 Multiple currency ... 0.2 0.3 0.1 0.1 0.3 0.4 1.1 1.8 Special drawing rights . . 0.0 0.0 0.0 0.0 0.0 0.0 0.1 0.1 All other currencies . . 89.4 87.6 87.0 86.1 83.6 82.4 60.6 57.1 593 VIETNAM (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 7. DEBT RESTRL'CTUrRINGS Total amount rescheduled 410 283 652 0 90 168 742 15 Debt stock rescheduled ..0 0 69 0 0 0 0 0 Principal rescheduled 0 ill 316 0 61 108 407 5 Official 0 0 81 0 48 108 12 5 Private 0 ill 235 0 13 0 395 0 Interest rescheduled 105 138 0 1 0 303 5 Official 0 0 49 0 1 0 0 5 Private ..0 105 89 0 0 0 303 0 Debt forgiven ..0 0 30 0 32 0 0 0 Memo: interest forgiven 0 0 20 0 0 0 0 0 Debt stock reduction 0 0 0 0 0 0 249 0 of which debt buyback 0 0 0 0 0 0 31 0 S. DEBT STOCK-FLOW RECONCILIATION Total change in debt stocks .. 937 -164 633 627 830 -4,624 726 Net flows on debt -95 831 -191 95 821 784 553 338 Net change in interest arrears .. 209 -100 344 292 240 -1,351 154 Interest capitalized .. 105 138 0 1 0 303 5 Debt forgiveness or reduction ..0 -30 0 -32 0 -218 0 Cross-currency valuation ... . -39 101 204 7 -158 -204 279 Residual ... . -169 -82 -10 -463 -35 -3,708 -50 9. AVERAGE TERMIS OF NEWtCONIMITNIENTS ALL CREDITORS Interest (%) ... 5.7 1.7 2.0 2.7 3.3 2.5 3.2 3.1 Maturity (years) ... 9.6 24.4 30.4 26.3 26.3 29.6 27.4 30.5 Grace period (years) ... 4.2 8.2 8.2 7.1 7.9 8.6 7.7 8.6 Grant element (%) ... 19.9 61.7 61.7 56.9 51.9 59.3 50.6 54.4 Ofricial creditors Interest (%) ... 5.7 1.1 2.0 0.9 2.3 1.9 2.1 2.9 Maturity (years) ... 9.6 28.8 31.0 33.9 31.5 33.4 33.0 32.4 Grace period (years) ... 4.2 9.8 8.3 9.9 9.5 9.8 9.7 9.4 Grant element (%) ... 19.9 72.6 62.7 76.1 63.4 67.0 63.1 58.1 Private creditors Interest (%) ... 0.0 4.6 3.9 6.3 6.7 5.8 6.9 5.6 Maturity (years) ... 0.0 3.0 1.3 10.9 7.1 9.1 9.8 12.2 Grace period (years) ... 0.0 0.5 1.3 3.5 2.0 2.0 1.1 1.6 Grant element (%) ... 0.0 8.0 6.9 17.7 10.3 17.7 11.1 19.9 Memorandum items Conunitments ... 1 1 473 569 1,400 2,466 1,799 1,977 1,699 Official creditors I. . 1 393 559 941 1,933 1,519 1,504 1,532 Private creditors ...0 80 10 460 533 280 474 167 10. CONTrRACTUAL OBLIGATIONS ON OUTSTANDING L-ONG-TERMl DEBT 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 TOTAL Disbursements 1,572 1,522 1,011 648 370 186 92 14 5 1 Principal 1,568 1,352 1,285 1,291 887 772 832 396 423 451 Interest 493 442 391 337 277 239 216 191 198 186 Official creditors Disbursements 1,412 1,428 978 637 367 186 92 14 5 1 Principal 622 598 581 587 606 636 690 263 311 366 Interest 222 221 216 205 190 171 156 140 155 148 Bilateral creditors Disbursements 904 882 567 350 191 97 45 6 3 1 Principal 6 17 592 575 582 597 614 658 219 248 288 Interest 203 196 184 168 150 129 107 88 98 92 Multilateral creditors Disbursements 508 546 411 287 176 89 48 9 1 0 Principal 5 6 6 6 8 21 32 45 63 78 Interest 19 25 32 37 40 42 49 52 57 56 Private creditors Disbursements 160 94 33 12 3 0 0 0 0 0 Principal 945 754 704 704 282 136 142 132 112 85 Interest 272 221 176 132 87 68 59 5 1 43 38 Commercial banks Disbursements 22 4 1 0 0 0 0 0 0 0 Principal 831 624 600 600 189 39 37 32 23 16 Interest 196 147 107 69 3 1 17 15 13 1 1 10 Other private Disbursements 138 9 1 32 1 1 3 0 0 0 0 0 Principal 114 129 104 104 93 98 105 101 90 69 Interest 75 74 68 62 56 51 44 38 33 28 594 YEMEN, REPUBLIC OF (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 1. SUrMNMARYDEBT DA] A TOTAL DEBT STOCKS (EDT) 1,684 6,345 6,571 5,923 6,125 6,217 6,362 3,856 4,138 Long-term debt (LDOD) 1,453 5,154 5,253 5,341 5,460 5,528 5,622 3,418 3,590 Public and publicly guaranteed .. 1,453 5,154 5,253 5,341 5,460 5,528 5,622 3,418 3,590 Private nonguaranteed 0 0 0 0 0 0 0 0 0 Useof IMF credit 0 48 0 0 0 0 0 121 250 336 Short-term debt 183 1,191 1,318 582 666 689 619 188 213 of which interest arrears on LDOD 1 191 318 387 433 473 492 68 73 Official creditors 0 130 218 264 291 316 322 48 53 Private creditors 0 6 1 100 123 142 157 170 20 20 Memo: principal arrears on LDOD 7 839 1,565 1,922 2,177 2,408 2,585 617 667 Official creditors 3 377 822 1,054 1,198 1,330 1,418 453 505 Private creditors 4 463 744 869 980 1,078 1,167 163 162 Memo: export credits 0 338 246 157 104 120 82 138 87 TOTAL DEBT FLOWS Disbursements 576 305 148 136 119 118 286 287 236 Long-term debt 566 305 148 136 119 118 164 147 164 lIF purchases 0 1 0 0 0 0 0 0 122 140 72 Principal repayments 36 81 83 78 58 65 58 60 73 Long-term debt .. 25 80 83 78 58 65 5 8 60 73 IMF repurchases 0 1 1 1 0 0 0 0 0 0 0 Net flows on debt 546 386 66 -747 99 36 140 219 183 of which short-term debt 6 161 0 -805 38 -17 -89 -7 20 Interest payments (INT) 37 88 51 42 48 37 29 38 52 Long-term debt 1 0 28 2 1 2 1 23 25 2 1 26 45 IMF charges 0 2 0 0 0 0 0 3 7 0 Short-termndebt .. 25 60 30 21 25 1 1 5 5 7 Net transfers on debt 509 297 15 -788 51 -1 ill 181 131 Total debt service paid (TDS) 73 169 133 120 106 102 87 98 125 Long-termndebt .. 35 108 103 99 8 1 9 1 79 86 118 IME repurchases and charges 0 13 1 0 0 0 0 3 7 0 Short-term debt (interest only) .. 25 60 30 21 25 1 1 5 5 7 2.A~GGREGATE NET RI SOUfRCE FLOWS AND N-ET TRANSFERS (LONG-TE R.NI NET RESOURCE FLOWS .. 944 333 877 1,065 153 -73 155 82 6 Net flow of long-term debt (ex. IMF) .. 542 226 66 58 61 53 106 87 91 Foreign direct investment (net) 34 -131 714 897 1 1 -218 -60 4138 -210 Portfolio equity flows ..0 0 0 0 0 0 0 0 0 Grants (excluding technical coop.) 368 238 98 109 82 92 109 133 125 Memo: technical coop. grants 62 108 94 82 57 65 6 65 56 official net resource flows 847 303 157 158 148 147 215 220 216 private net resource flows .. 97 30 720 907 5 -220 -60 -138 -210 NET TRANSFERS .. 934 304 856 1,044 130 -98 134 56 -39 Interest on long-term debt .. 10 28 21 21 23 25 21 26 45 Profit remiittances on FDI 0 0 0 0 0 0 0 0 0 Memo: official net transfers .. 838 280 137 137 128 122 195 194 171 private net transfers .. 96 25 720 907 2 -220 -60 -138 -210 3. M4AJOR ECONONUC AGGREGATES Gross national product (GNP) ... 4,688 5,339 4,457 3,292 3,491 4,624 5,029 3,947 Exports of goods & services (XGS) ... 3,026 2,313 2,405 3,053 3,234 3,630 3,710 2,976 of which workers remittances ... 1,498 1,018 1,039 1,059 1,081 1,135 1,169 1,202 Imports of goods & services (MGS) ... 2,662 3,457 3,681 2,745 3,075 3,577 3,745 3,258 Intemnational reserves (RES) ... 441 337 165 274 638 1,036 1,218 1,010 Current account balance ... 739 -1,091 -1,248 366 183 106 52 -228 .1. DEBT INDICATOPS EDT /XGS (%) ... 209.7 284.1 246.3 200.6 192.2 175.3 104.0 139.0 EDT /GNP(% ... 135.4 123.1 132.9 186.0 178.1 137.6 76.7 104.8 TDS /XGS ()... 5.6 5.8 5.0 3.5 3.2 2.4 2.6 4.2 INT/XGS(% ... 2.9 2.2 1.7 1.6 1.1 0.8 1.0 1.7 INT/GNP(% ... 1.9 1.0 0.9 1.5 1.1 0.6 0.8 1.3 RES/EDT(% ... 7.0 5.1 2.8 4.5 10.3 16.3 31.6 24.4 RES/MGS (months) ... 2.0 1.2 0.5 1.2 2.5 3.5 3.9 3.7 Short-term /EDT (%) .. 10.8 18.8 20.1 9.8 10.9 11.1 9.7 4.9 5.1 Concessional / EDT (%) .. 72.1 50.7 50.2 57.0 56.7 56.7 55.4 79.5 78.7 Multilateral /EDT (%) .. 14.9 16.2 16.1 18.7 19.7 20.6 21.3 36.0 36.8 595 YEMEN, REPUBLIC OF (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 5. LONC-rERMI DEBT DEBT OUTSTANDING (LDOD) .. 1,453 5,154 5,253 5,341 5,460 5,528 5,622 3,418 3,590 Public and publicly guaranteed .. 1,453 5,154 5,253 5,341 5,460 5,528 5,622 3,418 3,590 Official cireditors 1,238 3,496 3,545 3,626 3,739 3,810 3,903 3,236 3,412 Multilateral 252 1,025 1,056 1,108 1,206 1,278 1,358 1,390 1,521 Concessional 252 989 1,051 1,103 1,183 1,239 1,303 1,331 1,477 Bilateral 986 2,470 2,490 2,518 2,534 2,532 2,545 1,846 1,891 Concessional 962 2,225 2,244 2,272 2,288 2,287 2,219 1,735 1,780 Private creditors 216 1,658 1,708 1,716 1,720 1,718 1,719 182 178 Bonds 0 0 0 0 0 0 0 0 0 Commercial banks 0 80 80 80 80 80 80 80 80 Other private 216 1,578 1,628 1,636 1,640 1,638 1,639 102 98 Private nonguaranteed ..0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 0 Memo: IBRD 0 0 0 0 0 0 0 0 0 0 IDA 0 137 602 684 726 780 828 893 934 1,075 DISBURSEMENTS .. 566 305 148 136 119 118 164 147 164 Public and publicly guaranteed 566 305 148 136 119 118 164 147 164 Official creditors 501 139 138 127 118 118 164 147 164 Multilateral 65 56 91 92 113 109 161 145 164 Concessional 65 55 90 91 95 88 134 134 160 Bilateral 437 84 47 35 6 9 3 2 0 Concessional 426 84 47 35 6 9 3 2 0 Private creditors 65 166 10 10 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 0 Other private 65 166 10 10 0 0 0 0 0 Private nonguaranteed ..0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 0 Memo: IBRD 0 0 0 0 0 0 0 0 0 0 IDA 0 28 27 53 46 37 42 95 89 122 PRINCIPAL REPAYMENTS .. 25 80 83 78 58 65 58 60 73 Public and publicly guaranteed .. 25 80 83 78 58 65 58 60 73 Official creditors 23 74 79 78 52 64 58 60 73 Multilateral 3 41 49 44 45 53 54 60 73 Concessional 3 26 37 44 44 48 45 55 52 Bilateral 20 34 30 34 8 10 4 0 0 Concessional 16 34 30 34 8 10 4 0 0 Private creditors 2 5 4 0 5 2 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 Comirercial banks 0 0 0 0 0 0 0 0 0 Other private 2 5 4 0 5 2 0 0 0 Private nonguaranteed ..0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 0 Memo: IBRD 0 0 0 0 0 0 0 0 0 0 IDA 0 0 2 4 6 7 8 9 10 11 NET FLOWS ON DEBT .. 542 226 66 58 61 53 106 87 91 Public and publicly guaranteed .. 542 226 66 58 61 53 106 87 91 Official creditors 479 65 59 48 66 55 106 87 91 Multilateral 62 15 43 48 68 56 107 86 91 Concessional 62 29 53 47 51 40 89 78 108 Bilateral 416 50 17 1 -2 -1 -1 2 0 Concessional 410 50 17 1 -2 -1 -1 2 0 Private creditors 63 161 6 10 -5 -2 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 Conmmercial banks 0 0 0 0 0 0 0 0 0 Other private 63 161 6 10 -5 -2 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 Cosamnercial banks 0 0 0 0 0 0 0 0 0 Memo: IBRD 0 0 0 0 0 0 0 0 0 0 IDA 0 28 25 49 41 30 34 86 79 ill 596 YEMEN, REPUBLIC OF (US$ million, unless othzerwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 INTEREST PAYMENTS (LINT) 10 28 21 21 23 25 21 26 45 Public and publicly guaranteed .. 10 28 21 21 23 25 21 26 45 Official creditors 9 23 20 20 20 25 21 26 45 Multilateral 5 14 15 15 17 18 18 21 21 Concessional 5 12 15 15 16 17 16 17 17 Bilateral 4 9 5 5 3 7 3 6 24 Concessional 4 9 5 5 3 7 3 0 17 Private creditors ..1 5 0 0 3 1 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 0 Other private 1 5 0 0 3 1 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 Conunercial banks 0 0 0 0 0 0 0 0 0 Memo: IBRD 0 0 0 0 0 0 0 0 0 0 IDA 0 1 4 5 5 6 6 6 7 7 NET TRANSFERS ON DEBT 531 198 45 38 38 28 85 61 46 Public and publicly guaranteed 531 198 45 38 38 28 85 61 46 Official creditors 469 42 39 28 46 30 85 61 46 Multilateral 57 1 28 33 52 38 89 65 70 Concessional .. 57 17 39 32 35 23 73 61 91 Bilateral 412 41 11 -5 -5 -8 -4 -4 -24 Concessional 405 41 11 -5 -5 -8 -4 2 -17 Private creditors 62 156 6 10 -8 -2 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 Commiercial banks 0 0 0 0 0 0 0 0 0 Other private 62 156 6 10 -8 -2 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 0 Memo: IBRD 0 0 0 0 0 0 0 0 0 0 IDA 0 27 22 44 36 24 28 80 72 104 DEBT SERVICE (LTDS) 35 108 103 99 81 91 79 86 118 Public and publcicy guaranteed 35 108 103 99 81 91 79 86 118 Official creditors .. 32 98 99 99 72 88 79 86 118 Multilateral 7 55 64 59 61 71 72 81 94 Concessional 7 38 52 59 60 65 62 73 69 Bilateral 24 43 35 39 1 1 17 7 6 24 Concessional 21 43 35 39 1 1 17 7 0 17 Private creditors 3 10 4 0 9 2 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 0 Other private 3 10 4 0 9 2 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 Comimercial banks 0 0 0 0 0 0 0 0 0 Memo: IBRD 0 0 0 0 0 0 0 0 0 0 IDA 0 1 6 9 11 13 14 15 16 18 UNDISBURSED DEBT 1,589 1,655 993 886 809 727 799 767 447 Official creditors 1,252 1,205 978 885 809 727 799 767 447 Private creditors 336 450 1 5 2 0 0 0 0 0 Memorandum items Concessional LDOD 1,214 3,214 3,295 3,375 3,471 3,526 3,522 3,066 3,257 Variable rate LDOD ..0 80 80 80 80 80 80 80 80 Public sector LDOD .. 1,453 5,154 5,253 5,341 5,460 5,528 5,622 3,418 3,590 Private sector LDOD .0 0 0 0 0 0 0 0 0 6. CURRENCY (OMIPOSITI[ON OF LONG-TERM DEBT iPERCENT) Deutsche mark .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 French franc .. 1.5 0.8 1.2 1.4 1.4 1.5 1.3 1.7 1.6 Japanese yen .. 0.6 4.4 5.2 6.0 6.5 6.1 5.1 7.3 7.3 Pound sterling .. 3.2 0.7 0.6 0.5 0.6 0.6 0.6 1.0 0.9 Swiss franc .. 2.8 0.3 0.3 0.3 0.3 0.3 0.3 0.4 0.4 U.S.dollars .. 22.4 20.2 20.7 20.5 20.8 21.2 23.1 56.5 58.2 Multiple cur-rency .. 0.1 1.6 1.6 1.5 1.5 1.4 1.4 0.5 0.4 Special drawing rights .. 0.0 2.5 2.4 2.5 2.7 2.8 2.9 4.9 5.2 All other currencies .. 69.4 69.5 68.0 67.3 66.2 66.1 65.3 27.7 26.0 597 YEMEN, REPUBLIC OF (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993- 1994 1995 1996 1997 1998 7. DEB r REsTrRUCTUrRINGS Total amount rescheduled 98 0 0 0 0 80 685 31 Debt stock rescheduled 0 0 0 0 0 0 0 0 Principal rescheduled 98 0 0 0 0 24 559 24 Official 98 0 0 0 0 24 268 21 Private 0 0 0 0 0 0 292 2 Interest irescheduled 0 0 0 0 0 1 7 95 7 Official 0 0 0 0 0 17 6 1 6 Private 0 0 0 0 0 0 34 1 Debt forgiven 0 0 0 0 0 1 2,173 0 Memo: interest forgiven ..0 0 0 0 0 0 338 0 Debt stock reduction 0 0 0 0 0 0 0 0 of which debt buyback ..0 0 0 0 0 0 0 0 S. DEBr STOCK-FLOW RECONCILLATION Total change in debt stocks ..752 98 -648 202 92 145 -2,506 282 Net flows on debt .. 546 386 66 -747 99 36 140 219 183 Net change in interest arrears 8 1 100 69 46 40 1 9 -424 5 Interest capitalized 0 0 0 0 0 17 95 7 Debt forgiveness or reduction ..0 0 0 0 0 -1 -2,173 0 Cross-currency valuation 313 -50 34 58 5 -42 -69 5 1 Residual -29 -18 -4 0 10 1 3 -154 37 9. AVERAGE TERMvS OF NEIV COMMIHTMENTS ALL CREDITORS Interest (%) .. 2.7 1.8 2.1 0.9 1.9 5.1 1.2 0.5 0.5 Maturity (years) .. 26.9 28.6 30.1 31.6 27.6 10.8 34.2 39.7 39.1 Grace period (years) .. 5.8 7.2 8.4 9.3 7.3 3.3 8.8 10.2 9.6 Grant element (%) .. 51.8 61.3 63.3 73.8 57.6 21.4 72.3 82.7 81.7 Official creditors Interest (%) .. 2.4 1.8 1.2 0.9 1.9 5.1 1.2 0.5 0.5 Maturity (years) .. 28.2 28.6 34.6 31.6 27.6 10.8 34.2 39.7 39.1 Grace period (years) .. 6.0 7.2 9.7 9.3 7.3 3.3 8.8 10.2 9.6 Grant element (%) .. 54.1 61.3 74.1 73.8 57.6 21.4 72.3 82.7 81.7 Private creditors Interest (%) .. 4.4 0.0 6.0 0.0 0.0 0.0 0.0 0.0 0.0 Maturity (years) .. 18.9 0.0 11.5 0.0 0.0 0.0 0.0 0.0 0.0 Grace period (years) .. 4.9 0.0 3.0 0.0 0.0 0.0 0.0 0.0 0.0 Grant element (%) .. 37.6 0.0 18.6 0.0 0.0 0.0 0.0 0.0 0.0 Memorandum items Commnitmnents 553 201 98 49 49 80 276 149 60 Official creditors 476 201 79 49 49 80 276 149 60 Private creditors .. 77 0 1 9 0 0 0 0 0 0 10. CONTRACTUAL OBLIGATIONS ON OUTSTANDING LONG-TERNI DEBT 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 TOTAL Disbursements 140 121 82 53 29 13 7 2 0 0 Principal 125 128 123 118 109 104 102 103 97 94 Interest 68 69 71 69 67 65 63 61 59 58 Official creditors Disbursements 140 121 82 53 29 13 7 2 0 0 Principal 123 126 119 115 106 104 102 103 97 94 Interest 68 69 7 1 69 67 65 63 61 59 58 Bilateral creditors Disbursements 1 2 2 1 1 0 0 0 0 0 Principal 44 47 59 57 51 48 48 48 43 40 Interest 46 49 51 50 50 49 48 47 46 45 Multilateral creditors Disbursements 139 119 8 1 52 29 13 7 2 0 0 Principal 79 79 60 58 55 56 54 55 54 55 Interest 22 21 19 1 8 17 16 15 14 13 13 Private creditors Disbursements 0 0 0 0 0 0 0 0 0 0 Principal 1 1 4 2 2 0 0 0 0 0 Interest 0 0 0 0 0 0 0 0 0 0 Commercial banks Disbursemenits 0 0 0 0 0 0 0 0 0 0 Principal 0 0 0 0 0 0 0 0 0 0 Interest 0 0 0 0 0 0 0 0 0 0 Other private Disbursements 0 0 0 0 0 0 0 0 0 0 Principal 1 1 4 2 2 0 0 0 0 0 Interest 0 0 0 0 0 0 0 0 0 0 598 YUGOSLAVIA, FEDERIAL REPUBLIC OF (SERBIA AND MONTENEGRO) (USS minion nlervv rthervive indicated) !P ) %91 /P)wJI /Y')' /'YY! lv94 /f9Y.i 9 199h tg- /v 1. SU11116ARY DEBT DA rA TOTAL DEBT STOCKS (EDT) 18,486 17,837 16,483 12,709 13,035 13,839 13,439 15,091 13,742 Long-term debt (LDOD) 2,053 15,586 16,846 15,195 10,990 11,270 11,484 11,239 10,924 11,080 Public and publicly guaranteed 1,199 4,581 12,986 11,117 8,231 8,511 8,725 8,480 8,165 8,321 Private nonguaranteed 854 11,005 3,860 4,078 2,759 2,759 2,759 2,759 2,759 2,759 Use of IMF credit 0 760 467 196 78 83 85 81 76 79 Short-term debt 2,140 524 1,092 1,641 1,682 2,271 2,119 4,092 2,584 of which interest arrears on LDOD 0 0 90 616 1,059 1,528 1,834 2,078 2,336 Official creditors 0 0 79 197 322 443 478 473 513 Private creditors 0 0 11 419 737 1,085 1,356 1,605 1,823 Memo: principal arrears on LDOD 0 298 989 1,965 4,030 5,329 6,129 6,594 7,810 Official creditors 0 298 983 1,279 1,824 2,595 2,925 2,964 3,753 Private creditors 0 0 7 687 2,206 2,735 3,204 3,630 4,057 Memo: export credits 0 5,521 4,743 4,644 58 66 248 490 728 TOTAL DEBT FLOWS Disbursements 645 5,029 1,590 580 0 0 0 0 0 0 Long-term debt 645 4,589 1,501 580 0 0 0 0 0 0 IMF purchases 0 441 89 0 0 0 0 0 0 0 Principal repayments 420 2,450 3,079 1,066 12 0 0 1 0 0 Long-term debt 375 2,381 2,726 964 12 0 0 0 0 0 IMF repurchases 45 70 353 102 0 0 0 1 0 0 Net flows on debt 430 2,930 -1,760 223 10 -402 120 -458 1,728 -1,767 of whichshort-termdebt 351 -271 710 23 -402 120 -457 1,728 -1,767 Interest payments (INT) 1,286 1,704 833 44 47 47 17 53 57 Long-term debt 104 1,077 1,583 773 2 0 0 0 0 0 IMF charges 0 32 66 21 1 0 0 0 0 0 Short-term debt 177 55 39 41 47 47 17 53 57 Net transfers on debt .. 1,644 -3,464 -609 -34 -449 73 -476 1,676 -1,823 Total debt service paid (TDS) .. 3,736 4,783 1,899 56 47 47 19 53 57 Long-term debt 479 3,458 4,309 1,738 14 0 0 0 0 0 IMF repurchases and charges 45 101 419 123 1 0 0 1 0 0 Short-term debt (interest only) .. 177 55 39 41 47 47 17 53 57 2. AGGREGATE NET RIESOLURCE FLO%'S .AND NET TRANSFERS tLONG-TERNIM NET RESOURCE FLOWS 276 2,208 -1,151 783 1,931 1,000 487 451 132 182 Net flow of long-term debt (ex. IMF) 270 2,208 -1,225 -384 -12 0 0 0 0 0 Foreign direct investment (net) 0 0 67 64 25 0 0 0 0 0 Portfolio equity flows 0 0 0 0 0 0 0 0 0 0 Grants (excluding technical coop.) 6 0 7 1,103 1,918 1,000 487 451 132 182 Memo: technical coop. grants 3 7 35 359 611 81 57 45 34 33 official net resource flows 57 372 -314 872 1,906 1,000 487 451 132 182 private net resource flows 219 1,836 -837 -89 25 0 0 0 0 0 NET TRANSFERS 172 1,130 -2,734 10 1,929 1,000 487 451 132 182 Interest on long-termdebt 104 1,077 1,583 773 2 0 0 0 0 0 Profit remittances on FDI 0 0 0 0 0 0 0 0 0 0 Memo: official net transfers 21 157 -1,045 632 1,904 1,000 487 451 132 182 private net transfers 152 973 -1,689 -623 25 0 0 0 0 0 3. MAJOR ECONOMIIC AGGREGATES Gross national product (GNP) .. .. .. .. .. .. .. Exports of goods & services (XGS) .. .. .. .. .. .. .. of which workers remittances .. .. .. .. .. .. .. Imports of goods & services (MGS) .. .. .. .. .. International reserves (RES) .. .. .. .. .. Current account balance .. .. .. .. .. 4. DEBT INDICATORS EDT / XGS(%) .. .. .. .. .. .. .. EDT / GNP (%) .. .. .. .. .. .. .. TDS / XGS(%) ... .. .. .. INT / XGS(%) .. . .. . . .. .. .. INT / GNP (%) .. .. .. .. .. .. .. RES / EDT (%) .. . .. .. .. . .. RES / MGS (months) ........ ..... Short-term / EDT (%) .. 11.6 2.9 6.6 12.9 12.9 16.4 15.8 27.1 18.8 Concessional / EDT (%) .. 7.2 5.4 4.0 2.5 2.6 2.6 2.6 2.0 2.4 Multilateral / EDT (%) .. 7.6 17.3 15.5 9.3 9.7 9.5 9.2 7.7 8.7 599 YUGOSLAVIA, FEDERAL REPUBLIC OF (SERBIA AND MONTENEGRO) (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 5. LONG-TERNI DEBr DEBT OUTSTANDING (LDOD) 2,053 15,586 16,846 15,195 10,990 11,270 11,484 11,239 10,924 11,080 Public and publicly guaranteed 1,199 4,581 12,986 11,117 8,231 8,511 8,725 8,480 8,165 8,321 Official creditors 858 3,600 7,539 6,286 4,103 4,377 4,588 4,346 4,038 4,190 Multilateral 251 1,408 3,093 2,553 1,176 1,259 1,311 1,234 1,161 1,200 Concessional 3 0 0 0 0 0 0 0 0 0 Bilateral 606 2,192 4,446 3,733 2,927 3,118 3,277 3,112 2,877 2,990 Concessional 387 1,328 967 658 316 344 366 343 307 324 Private creditors 341 981 5,447 4,831 4,128 4,134 4,137 4,134 4,127 4,131 Bonds 21 10 0 0 0 0 0 0 0 0 Commercial banks 2 808 5,325 4,725 4,121 4,127 4,130 4,127 4,120 4,124 Other private 318 163 122 106 7 7 7 7 7 7 Private nonguaranteed 854 11,005 3,860 4,078 2,759 2,759 2,759 2,759 2,759 2,759 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 854 11,005 3,860 4,078 2,759 2,759 2,759 2,759 2,759 2,759 Memo: IBRD 244 1,359 2,433 1,978 1,126 1,204 1,252 1.178 1,112 1,148 IDA 0 0 0 0 0 0 0 0 0 0 DISBURSEMENTS 645 4,589 1,501 580 0 0 0 0 0 0 Public and publicly guaranteed 179 1,366 286 86 0 0 0 0 0 0 Official creditors 139 644 286 86 0 0 0 0 0 0 Multilateral 37 308 276 86 0 0 0 0 0 0 Concessional 0 0 0 0 0 0 0 0 0 0 Bilateral 102 336 10 0 0 0 0 0 0 0 Concessional 64 77 8 0 0 0 0 0 0 0 Private creditors 40 721 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 686 0 0 0 0 0 0 0 0 Other private 40 36 0 0 0 0 0 0 0 0 Private nonguaranteed 465 3,223 1,215 494 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 465 3,223 1,215 494 0 0 0 0 0 0 Memo: IBRD 37 281 269 5 1 0 0 0 0 0 0 IDA 0 0 0 0 0 0 0 0 0 0 PRINCIPAL REPAYMENTS 375 2,381 2,726 964 12 0 0 0 0 0 Public and publicly guaranteed 170 368 1,516 317 12 0 0 0 0 0 Official creditors 88 272 607 317 12 0 0 0 0 0 Multilateral 1 1 67 421 187 12 0 0 0 0 0 Concessional 0 0 0 0 0 0 0 0 0 0 Bilateral 78 206 186 131 0 0 0 0 0 0 Concessional 22 65 26 3 0 0 0 0 0 0 Private creditors 82 96 909 0 0 0 0 0 0 0 Bonds 2 2 0 0 0 0 0 0 0 0 Commercial banks 1 39 891 0 0 0 0 0 0 0 Other private 80 55 1 8 0 0 0 0 0 0 0 Private nonguaranteed 204 2,012 1,210 647 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 204 2,012 1,210 647 0 0 0 0 0 0 Memo: IBRD 10 66 405 155 12 0 0 0 0 0 IDA 0 0 0 0 0 0 0 0 0 0 NET FLOWS ON DEBT 270 2,208 -1,225 -384 -12 0 0 0 0 0 Public and publicly guaranteed 9 998 -1,230 -231 -12 0 0 0 0 0 Official creditors 5 1 372 -321 -231 -12 0 0 0 0 0 Multilateral 27 242 -145 -101 -12 0 0 0 0 0 Concessional 0 0 0 0 0 0 0 0 0 0 Bilateral 24 131 -176 -131 0 0 0 0 0 0 Concessional 42 12 -18 -3 0 0 0 0 0 0 Private creditors -42 625 -909 0 0 0 0 0 0 0 Bonds -2 -2 0 0 0 0 0 0 0 0 Commercial banks -1 647 -891 0 0 0 0 0 0 0 Other private -40 -19 -18 0 0 0 0 0 0 0 Private nonguaranteed 261 1,211 5 -153 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 261 1,211 5 -153 0 0 0 0 0 0 Memo: IBRD 27 216 -136 -103 -12 0 0 0 0 0 IDA 0 0 0 0 0 0 0 0 0 0 600 YUGOSLAVIA, FEDE hAL REPUBLIC OF (SERBIA AND MONTENEGRO) (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 INTEREST PAYMENTS (LINT) 104 1,077 1,583 773 2 0 0 0 0 0 Public and publicly guaranteed 73 249 1,203 469 2 0 0 0 0 0 Official creditors 37 215 731 240 2 0 0 0 0 0 Multilateral 14 ill 252 133 2 0 0 0 0 0 Concessional 0 0 0 0 0 0 0 0 0 0 Bilateral 23 103 479 106 0 0 0 0 0 0 Concessional 10 39 17 9 0 0 0 0 0 0 Private creditors 36 34 472 230 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 17 454 225 0 0 0 0 0 0 Other private 35 1 7 19 5 0 0 0 0 0 0 Private nonguaranteed 32 829 380 304 0 0 0 0 0 0 Bonds 0 C 0 0 0 0 0 0 0 0 Commercial banks 32 829 380 304 0 0 0 0 0 0 Memo: IBRD 13 11( 191 69 2 0 0 0 0 0 IDA 0 (0 0 0 0 0 0 0 0 NET TRANSFERS ON DEBT 166 1,131 -2,809 -1,158 -14 0 0 0 0 0 Public and publicly guaranteed -64 74~- -2,434 -701 -14 0 0 0 0 0 Official creditors 14 151 -1,052 -471 -14 0 0 0 0 0 Multilateral 13 130 -397 -234 -14 0 0 0 0 0 Concessional 0 00 0 0 0 0 0 0 0 Bilateral 1 27 -656 -237 0 0 0 0 0 0 Concessional 32 -27 -35 -12 0 0 0 0 0 0 Private creditors -78 591 -1,381 -230 0 0 0 0 0 0 Bonds -2 -2 0 0 0 0 0 0 0 0 Comimercial banks -1 630 -1,345 -225 0 0 0 0 0 0 Other private -75 -36l -36 -5 0 0 0 0 0 0 Private nonguaranteed 230 382 -375 -457 0 0 0 0 0 0 Bonds 0 1)0 0 0 0 0 0 0 0 Commercial banks 230 382 -375 -457 0 0 0 0 0 0 Memo: IBRD 14 106) -327 -172 -14 0 0 0 0 0 IDA 0 1)0 0 0 0 0 0 0 0 DEBT SERVICE (LTDS) 479 3,45t1 4,309 1,738 14 0 0 0 0 0 Public and publicly guaranteed 243 617 2,719 787 14 0 0 0 0 0 Official creditors 125 487 1,338 557 14 0 0 0 0 0 Multilateral 24 1711 673 320 14 0 0 0 0 0 Concessional 0 (10 0 0 0 0 0 0 0 Bilateral 101 30') 665 237 0 0 0 0 0 0 Concessional 33 103 43 12 0 0 0 0 0 0 Private creditors 118 13(1 1,381 230 0 0 0 0 0 0 Bonds 2 2 0 0 0 0 0 0 0 0 Commercial banks 1 56 1,345 225 0 0 0 0 0 0 Other private 115 72 36 5 0 0 0 0 0 0 Private nonguaranteed 236 2,84:1 1,590 951 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Conunercial banks 236 2,841 1,590 951 0 0 0 0 0 0 Memo: IBRD 23 17:5 596 224 14 0 0 0 0 0 IDA 0 0 0 0 0 0 0 0 0 0 UNDISBURSED DEBT 550 1,218 973 714 200 208 222 212 187 0 Official creditors 462 1,205 973 714 200 208 222 212 187 0 Private creditors 87 13 0 0 0 0 0 0 0 0 Memorandum items Concessional LDOD 389 1,328 967 658 316 344 366 343 307 324 Variable rate LDOD 893 12,100 12,016 11,626 8,857 8,945 9,020 8,956 8,840 8,893 Public sector LDOD 980 3,826 12,485 10,700 8,142 8,418 8,629 8,386 8,076 8,230 Private sector LDOD 1,073 11,759 4,361 4,495 2,848 2,852 2,854 2,852 2,847 2,849 6. CURRENC1'A' ONIPOSITION OF LONG-TERMN DEBT iPERCENTi Deutsche mark 13.9 13.3 8.4 8.9 6.9 7.5 7.9 7.5 6.7 7.1 French franc 2.0 0.0 4.4 4.3 5.5 5.8 6.2 6.0 5.4 5.7 Japanese yen 0.3 0.7 1.0 1.1 1.7 1.8 1.7 1.6 1.5 1.6 Pound sterling 3.6 0.1 0.4 0.4 0.5 0.5 0.5 0.6 0.6 0.6 Swiss franc 1.1 0.1 1.7 1.7 2.3 2.5 2.8 2.5 2.4 2.5 U.S.dollars 36.5 52.3 17.3 15.3 16.4 15.8 15.4 15.9 16.5 16.2 Multiple currency 24.8 30.7 56.3 57.9 60.7 59.6 58.7 59.6 61.0 60.3 Special drawing rights 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 All other currencies 17.8 2.8 10.5 10.4 6.0 6.5 6.8 6.3 5.9 6.0 601 YUGOSLAVIA, FEDERAL REPUBLIC OF (SERBIA AND MONTENEGRO) (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 7. DEBT RESTRLiCTURINGS Total amount rescheduled 0 0 0 0 0 0 0 0 Debt stock rescheduled ..0 0 0 0 0 0 0 0 Principal rescheduled ..0 0 0 0 0 0 0 0 Official 0 0 0 0 0 0 0 0 Private 0 0 0 0 0 0 0 0 Interest rescheduled 0 0 0 0 0 0 0 0 Official 0 0 0 0 0 0 0 0 Private 0 0 0 0 0 0 0 0 Debt forgiven 0 0 0 0 0 0 0 0 Memo: interest forgiven 0 0 0 0 0 0 0 0 Debt stock reduction 1,496 0 0 0 0 0 0 0 of which debt buyback 883 0 0 0 0 0 0 0 8. DEBT STOCK-FLOW~ RECONCILIATION Total change in debt stocks -1,235 11 -3,774 326 804 -400 1,652 -1,349 Net flows on debt 430 2,930 -1,760 223 10 -402 120 -458 1,728 -1,767 Net change in interest arrears ...0 90 526 443 469 306 244 258 Interest capitalized ...0 0 0 0 0 0 0 0 Debt forgiveness or reduction ... -613 0 0 0 0 0 0 0 Cross-currency valuation ... 517 -334 -257 302 230 -229 -284 166 Residual ... 621 33 -4,053 -18 -15 -19 -36 -6 9. AVERAGE TERMS OF NEW CONMNITMNENTS ALL CREDITORS Interest (%) 7.0 15.1 8.2 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Maturity (years) 17.2 8.6 16.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Grace period (years) 6.1 3.2 5.2 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Grant element (%) 17.9 -19.3 9.9 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Official creditors Interest (%) 7.0 12.0 8.2 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Maturity (years) 18.8 10.8 16.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Grace period (years) 6.9 3.3 5.2 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Grant element (%) 19.3 -7.4 9.9 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private creditors Interest (%) 7.0 17.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Maturity (years) 13.1 7.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Grace period (years) 4.1 3.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Grant element (%) 14.2 -26.8 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memorandum items Commitments 199 1,187 830 0 0 0 0 0 0 0 Official creditors 143 461 830 0 0 0 0 0 0 0 Private creditors 56 726 0 0 0 0 0 0 0 0 10. CONTRACTUJAL OBLIGATIONS ON OUTST.4NDING LONG-TERM DEBT 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 TOTAL Disbursements 0 0 0 0 0 0 0 0 0 0 Principal 635 504 473 433 356 325 313 301 3 3 Interest 222 181 146 114 84 57 36 16 1 1 Official creditors Disbursements 0 0 0 0 0 0 0 0 0 0 Principal 217 100 69 42 3 1 27 15 3 3 3 Interest 32 19 13 8 6 4 2 1 1 1 Bilateral creditors Disbursements 0 0 0 0 0 0 0 0 0 0 Principal 8 8 8 8 4 0 0 0 0 0 Interest 1 1 0 0 0 0 0 0 0 0 Multilateral creditors Disbursements 0 0 0 0 0 0 0 0 0 0 Principal 209 92 61 34 27 27 15 3 3 3 Interest 3 1 19 12 8 6 4 2 1 1 1 Private creditors Disbursements 0 0 0 0 0 0 0 0 0 0 Principal 418 404 404 391 324 297 297 297 0 0 Interest 191 162 133 105 78 53 34 15 0 0 Commercial banks Disbursements 0 0 0 0 0 0 0 0 0 0 Principal 297 297 297 297 297 297 297 297 0 0 Interest 149 130 III 92 72 53 34 15 0 0 Other private Disbursements 0 0 0 0 0 0 0 0 0 0 Principal 120 107 107 94 27 0 0 0 0 0 Interest 4 1 32 22 14 6 0 0 0 0 0 602 ZAMBIA (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 1. SLIMINARI'DEBT DATA TOTAL DEBT STOCKS (EDT) 3,244 6,916 6,709 6,485 6,804 6,952 7,054 6,654 6,865 Long-term debt (LDOD) 654 2,211 4,554 4,528 4,411 5,188 5,298 5,379 5,257 5,348 Public and publicly guaranteed 624 2,124 4,552 4,514 4,397 5,174 5,285 5,363 5,245 5,320 Private nonguaranteed 30 87 2 14 1 3 14 14 16 13 29 Use of IMF credit 0 447 949 847 777 805 1,239 1,198 1,138 1,188 Short-term debt 586 1,414 1,335 1,297 812 415 477 259 329 of which interest arrears on LDOD 6 739 622 585 471 178 151 138 135 Official creditors 3 671 541 504 443 146 119 112 120 Private creditors 3 68 8 1 81 27 32 33 26 15 Memo: principal arrears on LDOD 33 1,492 1,424 1,404 1,146 766 711 739 749 Official creditors 21 1,388 1,319 1,283 1,069 671 606 649 686 Private creditors . 1 3 104 106 121 77 94 106 90 62 Memo: export credits ..0 1,123 923 1,020 1,024 630 988 1,456 1,110 TOTAL DEBT FLOWS Disbursements 363 690 165 282 241 294 2,606 236 286 84 Long-term debt 363 599 165 282 241 294 352 236 272 84 IMF purchases 0 90 0 0 0 0 2,253 0 14 0 Principal repayments 45 269 126 183 211 206 2,067 156 164 132 Long-term debt 4 1 212 101 146 142 186 242 156 164 132 IMF repurchases 4 57 25 37 70 21 1,825 0 0 0 Net flows on debt 478 360 -100 82 29 88 435 169 -83 25 of which short-term debt .. -61 -139 -17 -1 0 -104 89 -205 73 Interest payments (INT) .. 141 77 168 152 169 556 95 81 70 Long-terindebt 3 1 115 72 98 92 127 136 75 65 55 IMEcharges 0 26 2 69 60 41 419 1 1 6 6 Short-term debt ..0 3 1 1 2 1 9 10 10 Net transfers on debt .. 219 -177 -86 -124 -82 -121 74 -165 -45 Total debt service paid (TDS) .. 410 202 351 364 376 2,623 251 245 202 Long-term debt 72 326 173 244 233 312 378 231 230 187 IMF repurchases and charges 4 84 27 106 129 62 2,244 1 1 6 6 Short-term debt (interest only) ..0 3 1 1 2 1 9 1 0 10 2. AGGREGA TE NET R ESOUJRCE FLOVS AND NE T TRANSFERS i LONG-TERNII NET RESOURCE F'LOWS 26 521 930 823 629 520 539 411 428 281 Net flow oflong-termndebt (ex.1IMF) 321 388 64 136 99 109 110 80 108 -49 Foreign direct investmnent (net) -297 62 203 45 52 56 67 58 70 72 Portfolio equity flows 0 0 0 0 0 0 0 0 0 0 Granta (excluding technical coop.) 2 72 663 642 478 355 362 273 250 257 Memo: technical coop. grants 13 87 129 144 165 135 164 142 133 96 official net resource flows 1 8 346 736 791 617 489 509 379 365 241 private net resource flows 8 175 194 32 12 32 30 32 63 40 NET TRANSFERS -65 322 743 685 493 346 353 291 310 176 Interest on long-term debt 3 1 115 72 98 92 127 136 75 65 55 Profit remittances on FDI 60 84 115 40 45 48 50 45 53 50 Memo: official net transfers 12 293 693 713 540 377 393 312 312 193 private net transfers -76 29 50 -28 -48 -32 -40 -21 -3 -17 3. MAJOR ECONONUC AGGREGATES Gross national product (GNP) 1,742 3,594 3,008 2,867 3,019 3,111 3,230 3,081 3,710 3,158 Exports of goods &services (XGS) .. 1,625 1,362 1,301 1,140 1,285 1,445 1,227 1,411 1,143 of which workers remittances ..0 0...... Imports of goods &services (MGS) .. 1,987 2,336 2,119 1,661 1,727 1,962 1,701 1,903 1,711 International reserves (RES) 515 206 201 .. 192 268 223 223 239 69 Current account balance .. -516 -594...... .3. DEBT INDICATORS EDT /XGS(% . 199.7 507.9 515.8 569.0 529.4 481.3 575.2 471.6 600.9 EDT /GNP(% . 90.3 229.9 234.0 214.8 218.7 215.3 229.0 179.4 217.4 TDS /XGS% .. 25.2 14.9 27.0 31.9 29.2 181.6 20.4 17.4 17.7 INT /XGS (% . 8.7 5.6 12.9 13.4 13.2 38.5 7.7 5.8 6.1 INT /GNP(% . 3.9 2.5 5.9 5.1 5.4 17.2 3.1 2.2 2.2 RES /EDT(% . 6.4 2.9 .. 3.0 3.9 3.2 3.2 3.6 1.0 RES /MGS (months) .. 1.3 1.0 .. 1.4 1.9 1.4 1.6 1.5 0.5 Short-termn/ EDT (%) .. 18.1 20.4 19.9 20.0 11.9 6.0 6.8 3.9 4.8 Concessional /EDT (%) .. 24.6 29.9 37.0 40.3 45.4 47.4 49.6 52.4 53.1 Multilateral /EDT (%) .. 12.1 20.2 23.1 25.9 28.5 30.6 30.7 32.6 32.7 603 ZAMBIA (US8$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 5. LONG-TERM DEBI' DEBT OUTSTANDING (LDOD) 654 2,211 4,554 4,528 4,411 5,188 5,298 5,379 5,257 5,348 Public and publicly guaranteed 624 2,124 4,552 4,514 4,397 5,174 5,285 5,363 5,245 5,320 Official creditors 120 1,485 4,108 4,155 4,077 4,929 5,075 5,186 5,075 5,207 Multilateral 61 393 1,400 1,552 1,679 1,940 2,127 2,169 2,167 2,242 Concessional 0 1 9 579 1,001 1,184 1,458 1,715 1,839 1,923 2,031 Bilateral 59 1,091 2,708 2,604 2,398 2,989 2,948 3,018 2,908 2,965 Concessional 5 1 778 1,488 1,483 1,432 1,629 1,579 1,663 1,564 1,617 Private creditors 503 639 444 358 320 245 210 177 170 113 Bonds 55 3 0 0 0 0 0 0 0 0 Conmnercial banks 0 77 70 73 73 1 0 1 6 1 7 2 1 2 1 Other private 449 560 374 285 247 235 194 160 149 92 Private nonguaranteed 30 87 2 14 13 14 14 16 13 29 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 30 87 2 14 13 14 14 16 13 29 Memo: IBRD 61 346 539 289 240 201 163 105 62 4 1 IDA 0 2 274 643 817 1,043 1,270 1,405 1,493 1,587 DISBURSEMENTS 363 599 165 282 241 294 352 236 272 84 Public and publicly guaranteed 351 593 163 272 240 292 351 232 272 64 Official creditors 22 311 117 250 229 259 327 224 222 64 Multilateral 6 56 106 237 226 242 251 213 211 64 Concessional 0 6 41 203 201 207 237 205 207 59 Bilateral 16 254 1 1 13 4 18 76 1 1 12 0 Concessional 16 237 9 9 4 1 1 72 0 3 0 Private creditors 330 282 46 23 1 0 33 24 8 50 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 9 0 0 0 10 8 5 5 0 Other private 330 273 46 23 10 22 1 6 4 44 0 Private nonguaranteed 11 6 2 10 1 2 1 5 0 20 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 1 1 6 2 10 1 2 1 5 0 20 Memo: IBRD 6 28 0 0 0 0 0 0 0 0 IDA 0 2 3 174 174 186 209 181 169 43 PRINCIPAL REPAYMENTS 41 212 101 146 142 186 242 156 164 132 Public and publicly guaranteed 35 181 101 146 140 184 241 154 161 128 Official creditors 6 37 44 100 91 126 180 117 107 80 Multilateral 4 1 8 39 98 85 101 120 88 76 57 Concessional 0 0 2 4 6 10 15 14 13 19 Bilateral 2 1 8 6 2 6 25 60 29 3 1 23 Concessional 1 3 0 0 4 1 1 32 19 20 8 Private creditors 29 144 57 46 49 58 61 37 53 48 Bonds 7 3 0 0 0 0 0 0 0 0 Comimercial banks 0 4 0 0 0 8 2 4 1 0 Other private 22 137 57 46 49 50 59 33 53 48 Private nonguaranteed 6 31 0 0 2 2 1 2 4 4 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 6 3 1 0 0 2 2 1 2 4 4 Memo: IBRD 4 1 8 5 7 1 5 1 55 50 47 35 2 1 IDA 0 0 0 1 1 1 2 3 4 4 NET FLOWS ON DEBT 321 388 64 136 99 109 110 80 108 -49 Public and publicly guaranteed 316 413 62 126 100 108 110 78 ill -65 Official creditors 16 274 73 149 139 133 147 107 115 -17 Multilateral 1 38 67 139 141 141 131 124 134 6 Concessional 0 6 39 200 195 196 222 190 194 40 Bilateral 15 236 6 10 -2 -8 17 -18 -19 -23 Concessional 15 234 9 9 -1 1 40 -19 -16 -8 Private creditors 300 138 -11 -24 -39 -25 -37 -29 -4 -48 Bonds -7 -3 0 0 0 0 0 0 0 0 Commercial banks 0 5 0 0 0 3 6 1 5 0 Other private 307 136 -11 -24 -39 -27 -43 -30 -8 -48 Private nonguaranteed 5 -25 2 10 -1 0 0 3 -4 16 Bonds 0 0 0 0 0 0 0 0 0 0 Comimercial banks 5 -25 2 10 -1 0 0 3 -4 16 Memo: IBRD 1 10 -5 -71 -51 -55 -50 -47 -35 -21 IDA 0 2 3 173 173 185 207 178 166 39 604 ZAMBIA (US$ million, unless otherwise indicated) 1970 198C' 1990 1992 1993 1994 1995 1996 1997 1998 INTEREST PAYMENTS (LINT) 31 11' 72 98 92 127 136 75 65 55 Public and publicly guaranteed 29 lo0 72 98 92 127 136 75 65 55 Official creditors 6 52! 43 78 77 III 116 67 53 48 Multilateral 4 3:1 33 67 58 61 65 46 39 29 Concessional 0 (13 1 1 15 14 17 17 15 14 Bilateral 2 1') 10 I11 19 5 1 5 1 21 14 19 Concessional 2 13 9 8 8 22 16 12 5 9 Private creditors 23 5:1 29 20 15 15 20 8 12 7 Bonds 3 0 0 0 0 0 0 0 0 Conmmercial banks 0 12 0 0 0 1 1 1 1 0 Other private 20 401 29 20 1 5 15 1 9 7 1 2 7 Private nonguaranteed 2 10 0 0 0 0 0 0 0 0 Bonds 0 II0 0 0 0 0 0 0 0 Commercial banks 2 11 0 0 0 0 0 0 0 0 Memo: IBRD 4 3. 1 36 21 21 15 1 1 6 4 IDA 0 00 6 5 6 9 10 10 1 1 NET TRANSFERS ON DEBT 291 273 -8 38 7 -18 -25 5 42 -103 Public and publicly guaranteed 287 30". -10 28 8 -18 -25 3 46 -119 Official creditors 10 22.2 30 7 1 62 22 3 1 39 62 -65 Multilateral -2 S 34 72 83 80 66 78 95 -23 Concessional 0 6 36 189 180 182 206 174 179 26 Bilateral 12 21I'! -5 - 1 -21 -58 -34 -39 -33 -42 Concessional 1 3 22:. 0 1 -8 -21 24 -31 -22 -17 Private creditors 278 85 -40 -43 -54 -40 -57 -37 -16 -55 Bonds -10 -4 0 0 0 0 0 0 0 0 Commnercial banks 0 -6 0 0 0 2 5 0 4 0 Other private 288 96 -40 43 -54 -42 -62 -37 -20 -54 Private nonguaranteed 3 -35 2 10 -1 0 0 3 -4 16 Bonds 0 1)0 0 0 0 0 0 0 0 Commercial banks 3 -35 2 10 -1 0 0 3 41 6 Memo: IBRD -2 -21 -5 -107 -72 -76 -65 -58 -41 -25 IDA 0 23 168 168 179 198 169 155 28 DEBT SERVICE (LTDS) 72 326 173 244 233 312 378 231 230 187 Public and publicly guaranteed 64 286i 173 244 231 310 377 229 226 183 Official creditors 12 89 88 178 167 237 296 184 160 128 Multilateral 8 5 1 72 165 143 161 185 134 116 87 Concessional 0 1)5 15 21 24 32 3 1 28 33 Bilateral 4 37 16 13 25 76 110 50 45 42 Concessional 3 16 9 8 12 32 48 3 1 25 17 Private creditors 52 197 85 66 64 73 8 1 45 66 55 Bonds 1 0 4 0 0 0 0 0 0 0 0 Commercial banks 0 1 6 0 0 0 8 3 5 1 0 Other private 42 177 85 66 64 64 78 40 64 54 Private nonguaranteed 8 41 0 0 2 2 1 2 4 4 Bonds 0 1)0 0 0 0 0 0 0 0 Comimercial banks 8 41 0 0 2 2 1 2 4 4 Memo: IBRD 8 48 5 107 72 76 65 58 41 25 IDA 0 1)0 6 6 8 1 1 13 14 15 UNDISBURSED DEBT 309 877 691 637 557 618 659 559 507 529 Official creditors 291 679 588 595 529 589 641 550 503 529 Private creditors 18 198 103 42 29 29 1 8 9 4 0 Memorandum items ConcessionaliLDOD 5 1 797 2,067 2,484 2,615 3,087 3,294 3,502 3,487 3,648 Variable rate LDOD 30 280) 494 508 485 737 731 732 738 738 Public sector LDOD 624 2,107 4,552 4,514 4,397 5,146 5,253 5,317 5,197 5,272 Private sector LDOD 30 104 2 14 1 3 4 1 46 62 60 76 6. CURRENCI'COMPOSITION OF LONG-TERIN DEBT (PERCENT) Deutsche mark 0.4 9.4 10.4 10.1 8.4 10.5 10.8 10.2 9.3 9.8 French franc 0.9 3.2 3.0 3.4 3.3 2.9 3.1 2.5 2.5 2.6 Japanese yen 0.0 4.8 10.0 10.1 10.9 10.9 11.2 12.3 10.6 12.5 Pound sterling 17.7 lOt6i 8.5 7.9 6.8 8.0 7.7 8.4 9.2 7.7 Swiss franc 0.0 0.0 0.6 0.5 0.6 0.1 0.2 0.1 0.1 0.1 U.S.dollars 53.7 20.2 28.1 34.4 38.3 38.5 39.4 40.9 44.1 43.7 Multiple currency 9.8 16.7 17.5 13.3 12.8 10.7 9.8 8.2 7.0 6.7 Special drawing rights 0.0 0.0 1.0 1.0 0.0 0.0 0.0 0.1 0.1 0.2 All other currencies 17.5 35.1 20.9 19.3 18.9 18.4 17.8 17.3 17.1 16.7 605 ZAMBIA (US$ million, unless otherwise indicated) 1970 1980 1990 -1992 1993 1994 1995 1996 1997 1998 7. DEBT RESTRL'CTURINGS Total amount reschedule-d 690 233 186 146 20 203 127 78 Debt stock rescheduled ..38 0 0 0 0 0 0 0 Principal rescheduled 466 105 105 74 7 121 55 22 Official 342 98 104 74 7 121 55 22 Private ..123 6 0 0 0 0 0 0 Interest rescheduled 321 116 8 1 72 5 8 1 72 55 Official 299 116 80 7 1 5 8 1 72 55 Private .. 22 0 1 1 0 0 0 0 Debt forgiven 114 218 282 96 1 23 1 2 Memo: interest forgiven 22 14 3 1 67 1 7 1 0 Debt stock reduction 26 0 0 446 2 0 0 0 of which debt buyback ..0 0 0 8 0 0 0 0 8. DEBT STOCK-FLOW RECONCILIATION Total change in debt stocks ..351 -263 -224 319 148 102 -400 211 Net flows on debt 478 360 -100 82 29 88 435 169 -83 25 Net change in interest arrears 29 8 -37 -115 -293 -26 -13 -3 Interest capitalized 321 116 8 1 72 5 81 72 55 Debt forgiveness or reduction ..-140 -218 -282 -535 -2 -23 -1 -2 Cross-currency valuation ... 306 -182 -22 160 55 -123 -199 136 Residual ... -63 -69 7 649 -51 24 -176 0 9..XA7ERAGE TERNIS OF NEW CONIATNIENTS ALL CREDITORS Interest (%) 4.2 6.7 8.1 1.1 0.7 1.9 1.8 2.0 1.7 0.8 Maturity (years) 20.6 18.6 16.2 38.8 38.8 32.5 36.3 35.7 32.6 39.4 Grace period (years) 10.2 4.4 4.8 9.5 10.0 8.8 10.1 9.3 7.4 9.9 Grant element (%) 42.8 22.1 14.8 73.7 80.2 66.4 70.2 70.0 64.7 80.2 Official creditors Interest (%) 1.4 3.7 6.3 1.0 0.7 1.4 1.5 2.0 0.5 0.8 Maturity (years) 32.6 29.0 21.8 39.9 38.8 35.0 37.2 35.7 37.9 39.4 Grace period (years) 21.6 8.5 6.8 9.8 10.0 9.3 10.3 9.3 8.9 9.9 Grant element (%) 79.2 48.9 26.3 75.7 80.2 71.7 72.9 70.0 76.6 80.2 Private creditors Interest (%) 6.6 8.8 11.0 3.5 0.0 6.4 10.5 0.0 7.0 0.0 Maturity (years) 10.4 11.0 6.9 2.6 0.0 7.4 9.2 0.0 7.8 0.0 Grace period (years) 0.5 1.4 1.4 0.3 0.0 3.0 3.0 0.0 0.3 0.0 Grant element (%) 12.1 2.6 -4.1 8.1 0.0 12.3 -3.7 0.0 8.8 0.0 Memorandum items Commnitments 557 635 192 368 202 338 382 143 253 75 Official creditors 255 267 120 357 202 307 368 143 209 75 Private creditors 302 368 72 1 1 0 30 14 0 44 0 10. CONTRACTUAL OBLIGATIONS ON OUTSTINDING LONG-TERMN DEBT 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 TOTAL Disbursements 128 129 97 74 51 34 17 1 0 0 Principal 225 274 272 268 272 247 186 141 144 141 Interest 160 151 137 123 109 95 82 76 71 66 Official creditors Disbursements 128 129 97 74 5 1 34 17 1 0 0 Principal 204 261 258 257 260 241 183 141 144 141 Interest 157 149 135 122 108 94 82 76 71 66 Bilateral creditors Disbursements 3 2 1 1 1 1 0 0 0 0 Principal 147 207 201 200 201 177 119 7 1 72 74 Interest 122 114 103 91 79 67 57 53 50 46 Multilateral creditors Disbursements 125 127 96 73 50 34 16 1 0 0 Principal 57 54 58 57 60 64 64 70 72 68 Interest 35 34 33 3 1 29 27 25 23 21 20 Private creditors Disbursements 0 0 0 0 0 0 0 0 0 0 Principal 20 14 13 1 1 1 1 6 3 0 0 0 Interest 3 3 2 1 1 1 0 0 0 0 Commercial banks Disbursements 0 0 0 0 0 0 0 0 0 0 Principal 9 2 2 0 0 0 0 0 0 0 Interest 1 0 0 0 0 0 0 0 0 0 Other private Disbursements 0 0 0 0 0 0 0 0 0 0 Principal 1 1 1 1 1 1 1 1 1 1 6 3 0 0 0 Interest 3 2 2 1 1 1 0 0 0 0 606 ZIMBABWE (US$ million, unless otherwise indicated) 1970 1986' 1990 1992 1993 1994 1995 1996 1997 1998 1. SLUNI.IARN'DEBTY DA. [A TOTAL DEBT STOCKS (EDT) 78(6 3,247 4,071 4,299 4,537 5,053 4,994 4,924 4,716 Long-term debt (LDOD) 229 69(i 2,649 3,148 3,417 3,664 3,906 3,756 3,562 3,541 Publiecand publiely guaranteed 229 696i 2,464 2,853 3,111 3,421 3,525 3,328 3,109 3,341 Private nonguaranteed 0 41 185 296 306 243 381 428 453 200 Use of IMF credit 0 (I 7 216 282 376 461 437 385 407 Short-term debt 9(1 591 706 601 497 685 801 977 768 of which interest arrears on LDOD 410 0 1 1 3 0 0 0 Officialicreditors (10 0 0 0 1 0 0 0 Private creditors (I0 0 0 1 2 0 0 0 Memo: principal arrears on LDOD 4)0 3 9 19 22 2 5 13 Official creditors 4)0 0 2 15 8 1 5 5 private creditors (I0 3 7 5 1 5 1 0 8 Memo: export credits (4 660 935 795 807 888 852 877 861 TOTAL DEBT FLOWS Disbursements 0 132 424 1,045 797 502 628 425 486 603 Long-term debt 0 132 424 824 731 427 548 425 486 550 EMF purchases 0 (40 221 67 75 80 0 0 53 Principal repayments 5 401 270 387 406 372 404 424 459 763 Long-term debt 5 4(0 247 387 406 372 404 416 433 715 IMF repurchases 0 (4 24 0 0 0 0 9 26 48 Net flows on debt -5 14t) 335 804 286 26 411 119 203 -368 of which short-term debt .. 55 181 146 -106 -104 187 119 176 -209 Interest payments (INT) 26 201 208 212 231 245 240 228 218 Long-term debt 5 1( 149 157 170 193 196 184 174 166 vIMFcharges 0 (42 6 1 0 10 1 3 1 2 10 10 Short-term debt 1 5 49 45 33 28 35 44 44 43 Net transfers on debt .. 122 134 596 74 -205 166 -121 -25 -587 Total debt service paid (TDS) .. 6f 471 595 618 603 649 664 686 981 Long-term debt 9 5(4 396 544 575 565 600 600 607 880 IMF repurchases and charges 0 (4 26 6 1 0 10 1 3 20 36 58 Short-term debt (interest only) I,;1 49 45 33 28 35 44 44 43 2. AGG REGArYE NEI r ESOU!RCE FLOWS AN D NET TRANSFERS (LONG-TE R%I i NET RESOURCE FLOWS -5 221 364 788 504 403 510 298 258 68 Net flow of long-term debt (ex. IMF) -5 93 177 437 325 55 144 9 53 .164 Foreign direct investment (net) 0 2 -12 15 28 35 40 63 70 76 Portfolio equity flows 0 (40 0 0 50 18 17 10 3 Grants (excluding technical coop.) 0 127 199 336 151 264 308 209 126 153 Memo: technical coop. grants 1 70 104 191 156 115 132 109 III 98 official net resource flows -5 199 278 749 606 459 356 256 243 285 private net resource flows 0 22 85 39 -101 -56 154 42 15 -217 NET TRANSFERS -10 133 122 558 274 141 239 37 5 -180 Interest on long-term debt 5 10 149 157 170 193 196 184 174 166 Profit remittances on FDI 0 78 92 74 61 70 75 77 80 82 Memo: official net transfers -9 197 212 673 508 346 235 139 129 180 private net transfers -1 -64 -90 -116 -234 -206 5 -102 -124 -360 3. NIAJOR ECONOMIC AGGREGATES Gross national product (GNP) 1,854 6,610 8,495 6,475 6,316 6,596 6,795 8,249 8,166 5,911 Exports of goods & services (XGS) .. 1,724 2,035 1,859 2,016 2,372 2,737 3,118 3,092 2,565 of which workers remittances ..9 0 0 0 0 . Imports of goods & services (MGS) .. 1,895 2,287 2,745 2,338 2,836 3,297 3,524 4,131 3,119 Intemnational reserves (RES) 59 419 295 404 628 585 888 834 384 310 Current account balance .. -149 -140 -604 -116 -425 . 4. DEBT INDICATORS EDT /XGS (% . 45.0 159.6 219.0 213.2 191.3 184.6 160.2 159.2 183.8 EDT /GNP(% . 11.9 38.2 62.9 68.1 68.8 74.4 60.5 60.3 79.8 TDS /XGS(% . 3.8 23.2 32.0 30.6 25.4 23.7 21.3 22.2 38.2 IINT /XGS(% . 1.5 9.9 11.2 10.5 9.7 8.9 7.7 7.4 8.5 INT /GNP(% . 0.4 2.4 3.2 3.4 3.5 3.6 2.9 2.8 3.7 RES /EDT(% . 53.4 9.1 9.9 14.6 12.9 17.6 16.7 7.8 6.6 RES /MGS (months) .. 2.7 1.6 1.8 3.2 2.5 3.2 2.8 1.1 1.2 Short-termn/ EDT (%) .. 11.5 18.2 17.3 14.0 11.0 13.6 16.0 19.8 16.3 Concessional /EDT (% . 1.9 27.9 27.0 28.4 32.1 30.1 28.9 28.0 32.2 Multilateral /EDT (%) .. 0.4 19.6 23.8 30.5 33.5 32.3 31.5 32.7 36.4 607 ZIMBABWE (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 5. LONG-TERN] DEBT DEBT OUTSTANDING (LDOD) 229 696 2,649 3,148 3,417 3,664 3,906 3,756 3,562 3,541 Public and publicly guaranteed 229 696 2,464 2,853 3,111 3,421 3,525 3,328 3,109 3,341 Official creditors 85 101 1,508 1,952 2,363 2,726 2,860 2,753 2,649 2,914 Multilateral 41 3 637 967 1,311 1,519 1,633 1,573 1,612 1,716 Concessional 0 0 129 199 260 383 414 415 478 533 Bilateral 44 98 871 986 1,052 1,207 1,227 1,180 1,038 1,198 Concessional 44 15 778 901 961 1,072 1,107 1,026 902 985 Private creditors 145 595 956 901 748 695 665 575 460 427 Bonds 145 592 293 210 180 150 120 90 60 30 Commercial banks 0 3 208 226 141 139 180 184 155 184 Other private 0 0 456 464 427 406 366 301 245 213 Private nonguaranteed 0 0 185 296 306 243 381 428 453 200 Bonds 0 0 0 0 0 0 0 0 0 0 Commnercial banks 0 0 185 296 306 243 381 428 453 200 Memo: IBRD 41 3 381 442 528 556 560 513 473 498 ILDA 0 0 67 138 200 313 336 335 399 442 DISBURSEMENTS 0 132 424 824 731 427 548 425 486 550 Public and publicly guaranteed 0 132 297 738 641 394 319 283 341 395 Official creditors 0 77 158 495 559 311 218 218 309 321 Multilateral 0 0 72 321 415 187 151 146 276 155 Concessional 0 0 7 8 1 68 ill. 28 24 94 39 Bilateral 0 77 86 174 144 124 67 72 32 166 Concessional 0 1 76 162 122 72 57 25 24 73 Private creditors 0 55 139 244 82 82 101 65 32 74 Bonds 0 52 0 0 0 0 0 0 0 0 Commrercial banks 0 3 29 163 3 1 47 67 52 25 57 Other private 0 0 ill 80 5 1 35 34 1 3 7 1 7 Private nonguaranteed 0 0 127 86 90 33 229 142 145 156 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 127 86 90 33 229 142 145 156 Memo: IBRD 0 0 40 76 114 33 32 38 49 44 IDA 0 0 0 75 63 102 15 12 83 29 PRINCIPAL REPAYMENTS 5 40 247 387 406 372 404 416 433 715 Public and publicly guaranteed 5 40 229 333 326 276 313 321 313 306 Official creditors 5 5 78 82 104 116 170 171 191 189 Multilateral 4 3 46 49 63 72 88 ill 124 124 Concessional 0 0 4 4 6 4 7 6 6 3 Bilateral 1 2 32 33 41 44 82 60 67 65 Concessional 1 2 17 27 28 3 1 54 44 47 46 Private creditors 0 34 151 251 222 160 143 150 122 117 Bonds 0 19 30 52 30 30 30 30 30 30 Commercial banks 0 0 46 108 113 56 33 45 42 33 Other private 0 1 6 75 9 1 78 74 80 75 50 54 Private nonguaranteed 0 0 18 54 80 96 91 95 120 409 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 1 8 54 80 96 9 1 95 120 409 Memo: IBRD 4 3 33 33 36 4 1 48 46 46 47 IDA 0 0 0 0 1 1 1 1 1 1 NET FLOWS ON DEBT -5 93 177 437 325 55 144 9 53 -164 Public and publicly guaranteed -5 93 69 406 315 118 6 -38 28 89 Official creditors -5 72 80 413 455 195 48 47 118 132 Multilateral -4 -3 26 272 352 115 63 35 153 30 Concessional 0 0 3 77 63 107 21 1 8 88 36 Bilateral -1 75 54 141 103 80 -14 12 -35 102 Concessional -1 -1 59 135 94 41 3 -19 -23 27 Private creditors 0 21 -12 -7 -140 -78 -42 -85 -90 -43 Bonds 0 34 -30 -52 -30 -30 -30 -30 -30 -30 Commercial banks 0 3 -17 56 -82 -9 34 7 -17 24 Otier private 0 -16 36 -11 -27 -39 -46 -62 43 -37 Private nonguaranteed 0 0 109 32 10 -63 138 47 25 -253 Bonds 0 0 0 0 0 0 0 0 0 0 Comimercial banks 0 0 109 32 10 -63 138 47 25 -253 Memo: IBRD -4 -3 7 43 78 -8 -16 -8 3 -3 IDA 0 0 0 75 62 101 15 1 1 83 28 608 ZIMBABWE (US$ million, unless otherwise indicated) 1970 198( 1990 1992 1993 1994 1995 1996 1997 1998 INTEREST PAYMENTS (LINT) 5 10 149 157 170 193 196 184 174 166 Public and publicly guaranteed 5 14? 141 134 148 160 170 162 151 136 Official creditors 4 2 67 76 98 113 121 118 114 105 Multilateral 2 0 43 53 77 85 90 88 85 79 Concessional 0 II1 2 3 3 4 4 4 5 Bilateral 2 24 23 22 28 32 30 29 26 Concessional 2 15 16 16 20 22 19 1 8 15 Private creditors 0 74 58 50 47 49 45 36 3 1 Bonds 0 "I' 1 3 1 0 8 7 6 5 3 2 Cormmercial banks 0 0 28 15 13 1 1 12 14 1 1 1 1 Other private 0 33 33 29 29 3 1 26 2 1 1 8 Private nonguaranteed 0 Ii 9 24 22 33 26 22 23 30 Bonds 0 (I0 0 0 0 0 0 0 0 Commercial banks 0 (I9 24 22 33 26 22 23 30 Memo: IBRD 2 Ii 33 35 39 44 46 41 36 32 IDA 0 II 1 1 2 3 3 2 3 NET TRANSFERS ON DEBT -9 82, 28 280 155 -138 -52 -175 -121 -330 Public and publicly guaranteed -9 82, -72 272 167 -42 -164 -200 -123 -47 Official creditors -9 7 1 1 3 337 357 82 -73 -70 3 27 Mulfilateral -6 -. -17 219 275 30 -27 -53 67 -49 Concessional 0 (' 2 75 60 103 17 14 84 3 1 Bilateral -3 7'. 30 118 81 52 -46 -18 -64 76 Concessional -3 43 118 78 21 -19 -38 -41 1 1 Private creditors -1 12 -85 -65 -190 -125 -91 -130 -126 -74 Bonds -1 26 -43 -61 -38 -37 -36 -35 -33 -32 Commercial banks 0 3 -46 40 -95 -19 22 -7 -28 1 3 Other private 0 -17 3 44 -57 -69 -77 -89 -65 -55 Private nonguaranteed 0 0 100 8 -12 -96 112 25 2 -283 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 100 8 -12 -96 112 25 2 -283 Memo: IBRD -6 -3 -26 7 39 -52 -62 -49 -33 -36 IDA 0 0 -1 74 61 99 12 9 80 25 DEBT SERVICE (LTDS) 9 50 396 544 575 565 600 600 607 880 Public and publicly guaranteed 9 50 370 466 474 436 483 483 464 442 Official creditors 9 7 145 158 202 229 291 288 306 294 Multilateral 6 3 89 101 140 157 178 199 209 204 Concessional 0 0 5 6 8 8 1 1 10 10 8 Bilateral 3 4 56 56 62 72 113 89 97 91 Concessional 3 3 33 43 44 51 76 63 65 61 Private creditors 1 431 225 308 272 207 192 195 158 147 Bonds 1 26 43 61 38 37 36 35 33 32 Comimercial banks 0 0 74 123 126 66 46 59 53 44 Other private 0 1 7 107 124 107 104 Ill 102 72 7 1 Private nonguaranteed 0 0 27 78 102 129 117 117 143 439 Bonds 0 0 0 0 0 0 0 0 0 0 Conumercial banks 0 0 27 78 102 129 117 117 143 439 Memo: JBRD 6 3 67 68 75 84 94 87 82 79 IDA 0 0 1 1 2 3 3 3 3 4 UNDISBURSED DEBT 0 86 1,042 1,557 1,435 1,451 1,322 1,228 1,044 1,057 Official creditors 0 60 940 1,465 1,320 1,316 1,241 1,175 913 932 Private creditors 0 26 102 92 114 136 80 54 131 125 Memorandum items Concessional LDOD 44 15 906 1,100 1,221 1,455 1,522 1,441 1,380 1,517 Variable rate LDOD 0 3 699 892 899 829 962 957 941 735 Public sector LDOD 229 696 2,463 2,852 3,110 3,420 3,525 3,328 3,109 3,300 Private sector LDOD 0 0 186 297 307 244 381 428 453 241 6. CLURRENCY CONIPOSrriON OF LONG-TERIN DEBT i PERCENT) Deutsche mark 0.0 0.1 11.7 10.4 9.5 10.0 10.8 11.3 10.8 -11.4 French franc 0.0 0.0 7.2 6.0 5.2 5.0 5.9 5.8 5.0 5.3 Japanese yen 0.0 0.0 2.1 2.7 3.2 3.3 3.5 3.2 2.9 4.4 Pound sterling 76.2 40.3 14.0 9.6 7.9 7.5 6.6 6.8 5.9 5.4 Swiss franc 0.0 0.0 1.2 0.9 0.8 0.9 1.1 0.9 0.7 0.6 U.S.dollars 0.3 0.4 30.3 31.7 28.1 27.7 25.4 25.2 26.8 26.0 Multiple currency 20.2 59.2 18.4 23.6 27.4 26.2 25.9 26.5 26.9 25.4 Specialidrawing rights 0.0 0.0 0.0 0.1 0.1 0.3 0.4 0.4 0.4 0.4 All other currencies 3.3 0.0 15.1 15.0 17.8 19.1 20.4 19.9 20.6 21.1 609 ZIMBABWE (US$ million, unless otherwise indicated) 1970 1980 1990 1992 1993 1994 1995 1996 1997 1998 7. DEBT RESTRUCTURINGS Total amount rescheduled 0 0 0 0 0 0 0 0 Debt stock rescheduled ...0 0 0 0 0 0 0 0 Principal rescheduled ..0 0 0 0 0 0 0 0 Official 0 0 0 0 0 0 0 0 Private ..0 0 0 0 0 0 0 0 Interest rescheduled 0 0 0 0 0 0 0 0 Official ..0 0 0 0 0 0 0 0 Private ..0 0 0 0 0 0 0 0 Debt forgiven 24 1 0 0 23 0 0 0 Memo: interest forgiven ..0 0 0 0 0 0 0 0 Debt stock reduction 0 0 0 0 0 0 0 0 of which debt buyback 0 0 0 0 0 0 0 0 8. DEBT STOCK-FLOW RFCONCILLATION Total change in debt stocks 456 633 229 238 516 -58 -70 -208 Net flows on debt -5 148 335 804 286 26 411 119 203 -368 Net change in interest arrears -1 0 1 0 2 -3 0 0 Interest capitalized 0 0 0 0 0 0 0 0 Debt forgiveness or reduction -24 -1 0 0 -23 0 0 0 Cross-currency valuation ..190 -141 -61 174 106 -121 -203 121 Residual ... -45 -29 3 38 21 -54 -70 40 9. A%VERAGE TERMIS OF NEW COMMITMIENTS ALL CREDITORS Interest (%) 0.0 7.1 6.6 4.3 3.2 6.0 4.5 3.2 5.3 2.5 Maturity (years) 0.0 15.2 17.1 23.8 25.4 17.4 18.5 27.8 17.1 22.1 Grace period (years) 0.0 5.5 4.5 6.6 8.0 4.4 4.7 8.1 3.9 6.2 Grant element (%) 0.0 25.8 21.0 41.4 52.4 22.7 35.4 53.4 28.6 53.5 Official creditors Interest (%) 0.0 4.9 6.5 4.3 2.5 6.0 3.9 2.6 4.0 1.6 Maturity (years) 0.0 16.8 17.7 24.4 29.0 21.3 21.3 31.2 22.6 24.8 Grace period (years) 0.0 5.7 4.7 6.8 9.3 5.6 5.6 9.3 5.3 7.0 Grant element (%) 0.0 35.6 22.2 42.4 60.5 26.4 42.2 60.9 42.2 61.6 Private creditors Interest (%) 0.0 17.2 8.7 5.0 6.4 6.0 6.7 6.4 7.1 6.8 Maturity (years) 0.0 7.8 9.6 9.1 9.0 7.8 8.3 9.5 9.6 8.1 Grace period (years) 0.0 4.5 1.2 1.7 2.1 1.4 1.6 1.7 2.1 2.1 Grant element (%) 0.0 -18.7 3.5 17.2 15.1 13.5 10.8 13.3 10.0 11.7 Memorandum items Commritments 0 171 444 794 610 360 181 260 272 394 Official creditors 0 140 414 763 501 258 142 219 157 331 Private creditors 0 31 30 31 109 102 40 41 115 63 10. CONTRACTUAL OBLIGATIONS ON OUTSTANDING LONG-TERMN DEBT 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 TOTAL Disbursements 337 285 185 115 70 41 21 3 1 0 Principal 468 425 377 329 286 247 229 216 209 190 Interest 172 155 135 116 93 78 67 57 48 39 Official creditors Disbursements 262 253 171 113 70 41 21 3 1 0 Principal 259 274 262 246 218 211 205 201 194 179 Interest 122 114 103 92 8 1 71 62 54 46 38 Bilateral creditors Disbursements 140 94 55 3 1 16 7 4 1 0 0 Principal 90 102 102 101 93 93 92 87 79 69 Interest 38 37 36 33 30 27 24 22 19 17 Multilateral creditors Disbursements 121 159 116 82 54 34 17 2 1 0 Principal 169 172 159 145 125 118 113 114 114 ill Interest 84 76 68 59 5 1 44 38 32 26 21 Private creditors Disbursements 76 33 14 2 0 0 0 0 0 0 Principal 208 150 115 83 68 37 24 15 15 1 1 Interest 5 1 41 32 24 13 7 5 4 3 2 Commercial banks Disbursements 61 27 1 1 2 0 0 0 0 0 0 Principal 55 44 35 33 30 28 21 12 12 8 Interest 14 14 12 10 8 6 4 3 2 1 Other private Disbursements 14 6 3 0 0 0 0 0 0 0 Principal 154 106 80 50 38 8 3 3 3 3 Interest 36 28 20 14 5 2 1 1 1 1 Country notes Albania with Portugal and Spain. In late 1996 Angola reached a Data source. Data on long-term public and publicly debt restructuring agreement with the Russian Federation, guaranteed debt as of 1998 are based on reports provided receiving an up-front discount of 70 percent on the stock by the country. Short-term debt data are from the BIS semi- and interest arrears and a rescheduling of the remainder annual series on international bank lending and short-term over 20 years. export credits from the OECD. Rescheduling. Albania concluded a rescheduling agree- ment with official creditors outside of formal Paris Club Argentina auspices in December 1993 and a debt buyback operation Data source. Data on long-term public and publicly in 1996. guaranteed debt for 1998 are based on reports provided by the country. Short-term debt data are from the BIS semiannual series on international bank lending and Algeria short-term export credits from the OECD. Long-term Data source. Data on long-term public and publicly private nonguaranteed debt data are World Bank staff guaranteed debt as of 1998 are based on reports provided estimates. by the country. Short-term debt data are also as reported The increase in debt outstanding in 1989 is due mostly by the country. to the conversion of austral-denominated time deposits and Rescheduling. Projected debt service is based on con- government domestic debt into dollar-denominated bonds tractual obligations on debt outstanding at the end of (BONEX 89). 1998. It includes the effect of the Paris Club agreement Debt reduction. In March 1993 Argentina concluded a signed in June 1994 and the commercial bank agreement debt and debt service reduction exchanging its commercial signed in July 1996. 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 Angola down payment of $910 million. These operations enabled Data source. Data on long-term public and publicly Argentina to reduce its stock of debt by $3.3 billion in guaranteed debt for 1998 are based on reports provided by 1993, $399 million in 1994, and $863 million in 1995. the country. Short-term debt data are from the BIS semian- Data for 1997 include debt buybacks. nual series on international bank lending and short-term Other. The residual in debt stock-flow reconciliation is export credits from the OECD, supplemented by World due to data revisions introduced in 1993. Bank staff estimates. Rescheduling. In 1987 Angola concluded an informal agreement with Paris Club creditors that was signed in July Armenia 1989. In addition, two major reschedulings with the for- Data source. Data on long-term public and publicly mer Soviet Union and other Eastern Bloc countries took guaranteed debt for 1998 are preliminary, based on partial place in 1987 and 1989. Debt owed to Brazil and Portugal reports provided by the country. Short-term debt data are was also rescheduled in 1987 and 1989 and again in 1994 from the BIS semiannual series on international bank lend- 611 G LO BA L D EVE LO PM ENT FIN AN C E ing and short-term export ciedits from the Belize OECD. Data source. Data on long-term public and Rescheduling. In 1993, $30.: million of tech- publicly guaranteed debt for 1998 are based on re- nical credits were rescheduled with the Russian ports provided by the country. Short-term debt Federation, and in 1996, $34.0 million were data are from the BIS semiannual series on inter- rescheduled with bilateral creditors. national bank lending and short-term export cred- its from the OECD. Azerbaijan Data source. Data on long-:erm public and Benin publicly guaranteed debt for 1998 are based on Data source. Data on long-term public and reports provided by the country. Long-term pri- publicly guaranteed debt for 1998 are based on re- vate nonguaranteed debt data are reported by the ports provided by the country. Short-term debt country. Short-term debt data a::e from the BIS data are from the BIS semiannual series on inter- semiannual series on international bank lending national bank lending and short-term export cred- and short-term export credits froni the OECD. its from the OECD. Rescheduling. In 1993, $36 million of techni- Rescheduling. Projected debt service is based cal credits were rescheduled with the Russia on contractual obligations on debt outstanding at Federation. the end of 1998. It includes the effect of the Paris Club agreement signed in December 1991, the Paris Club agreement on enhanced Toronto terms Bangladesh signed in June 1993 and covering 1994-95, and Data source. Data on long-term public and the Paris Club agreement signed in October 1996. publicly guaranteed debt for 1998 are based on re- ports provided by the country. Short-term debt data are from the BIS semiannual series on inter- Bhutan national bank lending and short-term export cred- Data source. Data on long-term public and its from the OECD. publicly guaranteed debt for 1998 are based on re- ports provided by the country. Short-term debt data are from the BIS semiannual series on inter- Barbados national bank lending and short-term export cred- Data source. Data on long-term public and its from the OECD. publicly guaranteed debt for 1998 are based on re- ports provided by the country. Short-term debt data are from the BIS semiannual series on inter- Bolivia national bank lending, OECD and World Bank Data source. Data on long-term public and staff estimates, and short-term export credits from publicly guaranteed debt for 1998 are based on re- the OECD. ports provided by the country. Long-term private nonguaranteed debt data are World Bank staff es- timates. Short-term debt data are from the BIS Belarus semiannual series on international bank lending Data source. Data on long-term public and and short-term export credits from the OECD. publicly guaranteed debt for 1998 are based on re- Rescheduling. Projected debt service is based ports provided by the country. Short-term debt on contractual obligations on debt outstanding at data are from the BIS semiannual series on inter- the end of 1998. It includes the effect of the March national bank lending and short-term export cred- 1996 Paris Club agreement and that of the Decem- its from the OECD. ber 1996 Paris Club agreement on stocks. The Oc- Rescheduling. In 1993, $385 million of tech- tober 1998 Paris Club agreement has not yet been nical credits were rescheduled with the Russian implemented since the bilateral agreement was not Federation. signed in 1998. 612 C O UN TIY N O T ES Bosnia and Herzegovina Rescheduling. Projected debt service is based Data source. Data on long-term public and on contractual obligations on debt outstanding at publicly guaranteed debt for 1998 include only the end of 1998. It includes the effect of the Paris IBRD and IMF. Other long-term obligations are Club agreements signed in 1991, 1992, and included under the Federal Republic of Yugoslavia 1994. Commercial bank creditors agreed to re- (Serbia and Montenegro). Short-term debt data structure $8.3 billion of external public debt in are from the BIS semiannual series on interna- July 1994. tional bank lending and short-term export credits from the OECD. Burkina Faso Data source. Data on long-term public and Botswana publicly guaranteed debt for 1998 are based on re- Data source. Data on long-term public and ports provided by the country. Short-term debt publicly guaranteed debt for 1998 are based on re- data are from the BIS semiannual series on inter- ports provided by the country. Short-term debt national bank lending and short-term export cred- data are World Bank staff estimates. its from the OECD. Rescheduling. Projected debt service is based on contractual obligations on debt outstanding at Brazil the end of 1998. It includes the effect of the Paris Data source. Data on long-term public and Club agreement signed in March 1991, the Paris publicly guaranteed, private nonguaranteed, and Club agreement on enhanced Toronto terms short-term debt for 1998 are preliminary, based on signed in May 1993, and the Paris Club agreement partial reports provided by the country. signed in June 1996. Rescheduling. From 1983 onward, the in- crease in long-term public and publicly guaranteed debt is due to the transfer of liabilities from pri- Burundi vate nonguaranteed and short-term debt as a re- Data source. Data on long-term public and sult of Paris Club and commercial bank restructur- publicly guaranteed debt for 1998 are based on re- ing. In 1992 an agreement was reached with Paris ports provided by the country. Short-term debt Club creditors to reschedule $6.2 billion, of which data are from the BIS semiannual series on inter- $5.1 billion corresponded to rescheduling of ar- national bank lending and short-term export cred- rears and debt service due in 1992. Brazil also its from the OECD. rescheduled $7.1 billion of interest in arrears with Rescheduling. Projected debt service is based commercial banks. Interest payments for 1992 in- on contractual obligations on debt outstanding at clude a $836 million cash payment on the interest the end of 1998. It includes the effect of the can- arrears. cellation of all concessional debt owed to Belgium, Debt reduction. Debt owed to commercial France, the Republic of Korea, and the Russian banks at the end of 1994 was reduced by $4.1 bil- Federation. In 1989 Burundi rescheduled $13.3 lion as a result of the April 1994 Brady accord. million of debt owed to China. Data for 1998 include debt buybacks. Cambodia Bulgaria Data source. Data on long-term public and Data source. Data on long-term public and publicly guaranteed debt for 1998 are based on re- publicly guaranteed and private nonguaranteed ports provided by the country and augmented by debt for 1998 are based on partial reports pro- World Bank staff estimates. Debt data include vided by the country. Short-term debt data are both convertible and noncovertible currency debt. from the BIS semiannual series on international Short-term debt data are from the BIS semiannual bank lending and short-term export credits from series on international bank lending and short- the OECD. term export credits from the OECD. 613 G LO BA L D EVE LO PM ENT F I NAN C E Rescheduling. Projected debt service is based on tional bank lending and short-term export credits contractual obligations on debt outstanding at the from the OECD. end of 1998. It includes the effect of the Paris Club Rescheduling. Projected debt service is based agreement on Naples terms signed in January 1995. on contractual obligations on debt outstanding at the end of 1998. It includes the effect of the debt relief agreement signed in 1989, concluded outside Cameroon the Paris Club. In addition, it includes the 1995 Data source. Data on long-term and publicly and 1996 Paris Club agreement. The reporting of guaranteed debt for 1998 are based on reports pro- the loans covered by this agreement remains par- vided by the country and World Bank staff estimates. tial, including the February 1995 and July 1996 Long-term private nonguaranteed debt data are re- Paris Club agreement. ported by the country. Short-term debt data are from the BIS semiannual series on international bank lend- ing and short-term export credits from the OECD. Chile Rescheduling. Projected debt service is based Data source. Data on long-term public and on contractual obligations on debt outstanding at publicly guaranteed and private nonguaranteed debt the end of 1998. It includes the effect of the Paris for 1998 are based on reports provided by the coun- Club agreements signed in January 1992 and No- try. Short-term debt data for 1990-98 are from the vember 1995 and October 1997. BIS semiannual series on international bank lending and short-term export credits from the OECD. Rescheduling. Projected debt service is based Cape Verde on contractual obligations on debt outstanding at Data source. Data on long-term public and the end of 1998. It includes the effect of a 1990 publicly guaranteed debt for 1998 are based on re- agreement with commercial banks under which ports provided by the country. Short-term debt there was no repayment of principal during data are from the BIS semiannual series on inter- 1991-94. The data also reflect the forgiveness of national bank lending and short-term export cred- $15 million and the rescheduling of $132 million its from the OECD. under the Enterprise for the Americas Initiative. Rescheduling. In 1987, $8.4 million of long- Debt reduction. By end-1993 reduction of term debt owed to Portugal was rescheduled. debt owed to commercial banks through various debt conversion programs reached $8.7 billion, in- cluding $2.5 billion in 1988, $2.5 billion in 1989, Central African Republic $1.1 billion in 1990, $496 million in 1991, $279 Data source. Data on long-term public and million in 1992, and $264 million in 1993. Also, publicly guaranteed debt for 1998 are based on re- 1988 principal repayments include a $164 million ports provided by the country. Short-term debt cash payment in connection with a buyback. data are from the BIS semiannual series on inter- national bank lending and short-term export cred- its from the OECD. China Rescheduling. Projected debt service is based on Data source. Data on long-term public and contractual obligations on debt outstanding at the publicly guaranteed debt for 1998 are based on end of 1998. It includes the effect of the Paris Club World Bank staff estimates. Short-term debt data agreements signed in 1988, 1990, 1994, and 1998. for 1990-98 are from the BIS semiannual series on international bank lending and short-term export credits from the OECD. Chad Data source. Data on long-term public and publicly guaranteed debt for 1998 are based on Colombia World Bank staff estimates. Short-term debt data Data source. Data on long-term public and are from the BIS semiannual series on interna- publicly guaranteed debt for 1998 are projections. 614 COUNTRY NO T ES Data on long-term private nonguaranteed debt are vate nonguaranteed debt data are World Bank World Bank staff estimates. Short-term debt data staff estimates. Short-term debt data are from the are taken from the BIS semiannual series on inter- BIS semiannual series on international bank lend- national bank lending and short-term export cred- ing and short-term export credits from the its from the OECD. OECD. Comoros C6te d'Ivoire Data source. Data on long-term public and Data source. Data on long-term public and publicly guaranteed debt for 1998 are estimated publicly guaranteed debt for 1998 are based on based on the original terms of the loans. Short- World Bank staff estimates. Long-term private term debt data are from the BIS semiannual series nonguaranteed debt data are World Bank staff on international bank lending and short-term ex- estimates. Short-term debt data are from the BIS port credits from the OECD. semiannual series on international bank lending Debt reduction. France wrote off all outstand- and short-term export credits from the OECD ing debt in 1994. and from the Caisse Autonome d'Amortisse- ment's estimate of penalty and late charges on long-term debt. They also include World Bank Congo, Democratic Republic of staff estimates on the balance of the operations Data source. Data on long-term public and account. publicly guaranteed debt for 1998 are estimates Rescheduling. Projected debt service is based based on the original terms of the loans. Short- on contractual obligations on debt outstanding at term debt data are from the BIS semiannual series the end of 1998. It includes the effect of all Paris on international bank lending and short-term ex- Club agreements beginning in 1984 and the com- port credits from the OECD. mercial bank agreements of 1985-86. It includes the DDSR agreement of May 1997. Congo, Republic of Data source. Data on long-term public and Croatia publicly guaranteed debt for 1998 are World Data source. Data on long-term public and Bank staff estimates. Short-term debt data are publicly guaranteed and private nonguaranteed from the BIS semiannual series on international debt for 1998 are based on reports provided by bank lending and short-term export credits from the country. Short-term debt data are from BIS the OECD. semiannual series on international bank lending Rescheduling. Projected debt service is based and short-term export credits from the OECD. on contractual obligations on debt outstanding at Other. Croatia became a member of the the end of 1998. It includes the effect of the Paris World Bank in 1993. Debt data includes the effect Club agreements from 1986, 1990, 1994, and of the Paris Club agreement signed in March 1995 1996, but excludes the effect of the 1988 agree- and the London Club agreement signed in March ment with commercial banks because it has not 1996. been implemented. In 1986, in addition to Paris Club, the government rescheduled with Eastern Bloc creditors. Under the 1986 Brazzaville Club Czech Republic agreement, $23 million was rescheduled. Data source. Data on long-term public and publicly guaranteed, private nonguaranteed, and short-term debt for 1998 are preliminary, based on Costa Rica partial reports provided by the country, and in- Data source. Data on long-term public and clude only convertible currency debt. publicly guaranteed debt for 1998 are based on Other. The Czech Republic became a member reports provided by the country. Long-term pri- of the World Bank in 1993. Data for 1985-92 are 615 G LO BA L D EVE LO PM ENT F I NAN C E based on preliminary information on the succes- series on international bank lending and short- sion of the former Czechoslovakia (effective Janu- term export credits from the OECD. ary 1, 1993). Rescheduling. Projected debt service is based on contractual obligations on debt outstanding at the end of 1998. It includes the effect of the Paris Djibouti Club agreement on Houston terms signed in June Data source. Data on long-term public and 1994 and of the 1995 DDSR operation. publicly guaranteed debt for 1998 are based on Debt reduction. The debt conversion pro- World Bank staff estimates. Short-term debt data gram was continued in 1992, enabling the coun- are from the BIS semiannual series on interna- try to reduce its stock of debt due to private cred- tional bank lending and short-tern export credits itors by about $50 million, bringing the total for from the OECD. 1987-92 to $539 million. Debt reduction result- Debt reduction. France wrote off all ing from the 1995 DDSR operations amounts to outstanding and disbursed debt at :he end of 1989. $1.2 billion. Dominica Egypt, Arab Republic of Data source. Data on long-term public and Data source. Data on long-term public and publicly guaranteed debt for 1998 are based on re- publicly guaranteed debt for 1998 and revised ports provided by the country. Short-term debt data for 1991-95 due to the third stage of the data are from the BIS semiannual series on inter- 1991 Paris Club agreement are based on reports national bank lending and short-term export cred- provided by the country. Data on private nonguar- its from the OECD. anteed debt are World Bank staff estimates. Short- Debt reduction. As part of its Caribbean ini- term debt data are from the BIS semiannual series tiative, Canada forgave all its official development on international bank lending and short-term ex- assistance loans, about $1.7 million, in 1990. port credits from OECD. Rescheduling. Projected debt service is based on contractual obligations on debt outstanding at the Dominican Republic end of 1998. It includes the effects of the third stage Data source. Data on long-term public and of the Paris Club agreement signed in May 1991. publicly guaranteed debt for 1998 are based on re- ports provided by the country. Short-term debt data are from the BIS semiannual series on inter- El Salvador national bank lending and short-term export cred- Data source. Data on long-term public and its from the OECD. publicly guaranteed debt for 1998 are based on Rescheduling. Projected debt service is based reports provided by the country. Long-term pri- on contractual obligations on debt outstanding at vate nonguaranteed debt data are World Bank the end of 1998. It includes the effect of the Paris staff estimates. Short-term debt data are from Club agreement signed in November 1991 the BIS semiannual series on international bank rescheduling $843 million and of the 1994 debt lending and short-term export credits from the and debt service reduction (DDSR) agreement to OECD. restructure $1.2 billion owed to commercial banks. Equatorial Guinea Data source. Data on long-term public and Ecuador publicly guaranteed debt for 1998 are estimates Data source. Data on long-term public and based on the original terms of the loans. Short- publicly guaranteed and private nonguaranteed term debt data are from the BIS semiannual series debt for 1998 are World Bank staff estimates. on international bank lending and short-term ex- Short-term debt data are from the BIS semiannual port credits from the OECD. 616 CO UN TRY NO T ES Rescheduling. Projected debt service is based Gabon on contractual obligations on debt outstanding at Data source. Data on long-term public and the end of 1998. It does not include the effects of publicly guaranteed debt for 1998 are based on re- the Paris Club agreement of April 1992 and De- ports provided by the country augmented by cember 1996 because of lack of information. World Bank staff estimates. Short-term debt data are from the BIS semiannual series on interna- tional bank lending and short-term export credits Eritrea from the OECD. Data source. Data on long-term public and Rescheduling. Projected debt service is based publicly guaranteed debt for 1998 are based on re- on contractual obligations on debt outstanding at ports provided by the country. Short-term debt the end of 1998. It includes the effect of the Paris data are from the BIS semiannual series on inter- Club agreements signed in April 1994 and Decem- national bank lending and short-term export cred- ber 1995. Projections exclude the effect of a Paris its from the OECD. Club agreement signed in October 1991. Accord- ing to Caisse Autonome d'Amortissement, the agreement was canceled because of difficulties in Estonia meeting certain conditions requested by one of the Data source. Data on long-term public and creditor countries. publicly guaranteed and private nonguaranteed debt for 1998 are based on reports provided by the country. Short-term debt data are from the BIS Gambia, The semiannual series on international bank lending Data source. Data on long-term public and and short-term export credits from the OECD. publicly guaranteed debt for 1998 are based on re- ports provided by the country. Short-term debt data are from the BIS semiannual series on inter- Ethiopia national bank lending and short-term export cred- Data source. Data on long-term public and its from the OECD. publicly guaranteed debt for 1998 are based on re- ports provided by the country. The 1996 debt re- port included information not reported in previous Georgia years. The historical data were revised. Short-term Data source. Data on long-term public and debt data are from the BIS semiannual series on in- publicly guaranteed debt for 1998 are based on re- ternational bank lending and short-term export ports provided by the country. Short-term debt credits from the OECD. The data include debt data are from the BIS semiannual series on inter- contracted from commercial sources for military national bank lending and short-term export cred- expenditures. its from the OECD. Rescheduling. Projected debt service is based Rescheduling. In 1993 a total of $366 million on contractual obligations on debt outstanding at of technical credits were rescheduled with Arme- the end of 1998. It includes the effects of the last nia ($10.6 million), Azerbaijan ($2.1 million), Paris Club agreement signed in January 24, 1997. Kazakhstan ($17.9 million), the Russian Fed- eration ($135.0 million), and Turkmenistan ($200.8 million). In 1996, $634 million were Fiji rescheduled with bilateral creditors. Data source. Data on long-term public and publicly guaranteed debt for 1998 are based on re- ports provided by the country. Long-term private Ghana nonguaranteed debt data are World Bank staff es- Data source. Data on long-term public and timates. Short-term debt data are from the BIS publicly guaranteed debt for 1998 are based on re- semiannual series on international bank lending ports provided by the country. Long-term private and short-term export credits from the OECD. nonguaranteed debt data are World Bank staff es- 617 G LOB AL D EVE LO PM ENT FIN AN C E timates. Short-term debt data are from the BIS on international bank lending and short-term ex- semiannual series on international bank lending port credits from the OECD. and short-term export credits from the OECD. Rescheduling. Projected debt service is based Rescheduling. Short-term debt of the Bank of on contractual obligations on debt outstanding at Ghana amounting to $42 million was rescheduled the end of 1998. It includes the effects of the Paris into long-term debt in 1987. In 1991 the Nether- Club agreements signed in October 1987, October lands rescheduled all payment arrears. It includes 1989, and February 1995. the effects of the Paris Club agreement signed in March 1996. Guyana Data source. Data on long-term public and Grenada publicly guaranteed debt for 1998 are based on re- Data source. Data on public and publicly ports provided by the country. Long-term private guaranteed debt for 1998 are based on reports nonguaranteed debt data are World Bank staff es- provided by the country. Short-terrn debt data are timates. Short-term debt data are from the BIS from the BIS semiannual series on international semiannual series on international bank lending bank lending and short-term export credits from and short-term export credits from the OECD. the OECD. Rescheduling. Projected debt service is based on contractual obligations on debt outstanding at the end of 1998. It includes the effect of the Paris Guatemala Club agreement signed in May 1996. It does not Data source. Data on long-term public and include the effects of the June 1999 Paris Club publicly guaranteed debt for 1998 are based on agreement. the report provided by the country. Long-term Debt reduction. Reduction in the stock of debt private nonguaranteed debt data are World Bank at the end of 1998 as a result of the write-off of the staff estimates. Short-term debt data are from the May 1996 Paris Club agreement was $460 million. BIS semiannual series on international bank lend- ing and short-term export credits from the OECD. Haiti Data source. Data on long-term public and publicly guaranteed debt as of end-September Guinea 1998 are preliminary, based on partial reports pro- Data source. Data on long-term public and vided by the country. Short-term debt data are publicly guaranteed debt for 1998 are World Bank from the BIS semiannual series on international staff estimates based on an incomplete report by bank lending and short-term export credits from the government. Short-term debt data are from the the OECD. BIS semiannual series on international bank lend- The government cleared a total of $81.5 mil- ing and short-term export credits from the OECD. lion of arrears to the Inter-American Development Rescheduling. Projected debt service is based Bank, IDA, and the IMF in December 1994 and on contractual obligations on debt outstanding at arrears to the International Fund for Agricultural the end of 1997. It includes the effccts of the Paris Development, OPEC Fund, and bilateral donors, Club agreements of 1986, 1989, 1992, and 1995 either through bilateral agreements or in the con- and 1997. text of the May 1995 Paris Club Meeting. Guinea-Bissau Honduras Data source. Data on long-term public and Data source. Data on long-term public and publicly guaranteed debt for 1998 are based on publicly guaranteed and private nonguaranteed partial reports provided by the country. Short- debt for 1998 are based on reports provided by term debt data are from the BIS semiannual series the country. Short-term debt data are from the 618 CO UN TRY NO T ES BIS semiannual series on international bank lend- Iran, Islamic Republic of ing and short-term export credits from the Data source. Data relate to the year ending in OECD. March. Long-term public and publicly guaranteed Rescheduling. Projected debt service is based debt and short-term debt as of end-March 1999 on contractual obligations on debt outstanding at are based on reports provided by the country. the end of 1998. It includes the effect of the Paris Long-term private nonguaranteed debt are World Club agreement signed in February 1996. It also Bank staff estimates. includes the effect of 1997 rescheduling of the Rescheduling. Iran rescheduled an estimated loans with the CABEI/BCIE creditor. It does not $18 billion of short-term debt into long-term debt include the effects of the April 1999 Paris Club in 1993-96; $2.8 billion in 1993 (which was re- agreement. paid in the same year); $10.8 billion in 1994; $3.2 Debt reduction. Reduction of the stock of billion in 1995; and $1.8 billion in 1996. debt at the end of 1997 as a result of the write off of the February 1996 Paris Club agreement was $2.4 million. Jamaica Data source. Data on long-term public and publicly guaranteed debt for 1998 are projections. Hungary Long-term private nonguaranteed debt data are Data source. Data on long-term public and World Bank staff estimates. Short-term debt data publicly guaranteed, private nonguaranteed are from the BIS semiannual series on interna- debt for 1998 are based on reports provided by tional bank lending and short-term export credits the country. Short-term debt data are from the from the OECD. 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 1998 are based on India reports provided by the country. Long-term Data source. Data relate to the year ending in private nonguaranteed debt are World Bank March (latest data are for the year ending in staff estimates. Short-term debt data are from March 1999). Details on long-term public and the BIS semiannual series on international bank publicly guaranteed, private nonguaranteed, and lending and short-term export credits from the short-term debt as of the end of March 1999 are OECD. based on aggregate reports provided by the coun- Rescheduling. Projected debt service is based try and World Bank staff estimates. on contractual obligations at the end of 1998. It reflects the effect of the agreements signed with the Paris Club in May 1997. The total amount Indonesia rescheduled under the Paris Club agreement was Data source. Data on long-term public and $223 million for 1997 and $211 million for 1998. publicly guaranteed debt for 1998 are preliminary It does not include the effects of the May 1999 based on partial reports provided by the country. Paris Club agreement. Short-term debt data (1993 to 1998) are from the BIS semiannual series on international bank lend- ing and short-term export credits from the OECD. Kazakhstan (The debt data may include indistinguishable local Data source. Data on long-term public and currency components held by nonresidents.) publicly guaranteed and private nonguaranteed Other. The residual in debt stock flow recon- debt for 1998 are based on reports provided by ciliation from 1994 onward reflects the private the country. Short-term debt data are from the BIS nonguaranteed stock revisions introduced without semiannual series on international bank lending corresponding flow data adjustments. and short-term export credits from the OECD. 619 G LO BA L DE VE LO PM ENT F IN AN C E Rescheduling. In 1993, $1.3 billion of technical BIS semiannual series on international bank lending credits were rescheduled with the Russ;ian Federation. and short-term export credits from the OECD. Rescheduling. Projected debt service is based on contractual obligations on debt outstanding at the Kenya end of 1998. It includes the effects of the bilateral Data source. Data on long-term public and debt restructuring agreements of 1988 and 1991. publicly guaranteed debt for 1998 are actual, based on reports provided by the :ountry. Long- term private nonguaranteed debt for 1998 are Latvia based on World Bank estimates. Short-term debt Data source. Data on long-term public and data are from the BIS semiannual ,eries on inter- publicly guaranteed debt for 1998 are preliminary, national bank lending and short-term export cred- based on reports provided by the country. Short- its from the OECD. term debt data are from the BIS semiannual series Rescheduling. Projected debt service is based on international bank lending and short-term ex- on contractual obligations on debt outstanding at port credits from the OECD. the end of 1998. It includes the effect of the Paris Club agreement signed in January 1994, reschedul- ing all arrears accumulated as of December 1993. Lebanon Data source. Data on long-term public and publicly guaranteed debt for 1998 are based on re- Korea, Republic of ports provided by the country. Short-term debt Data source. Data on total external liabilities, data are from the BIS semiannual series on inter- including long-term public and publicly guaran- national bank lending and short-term export cred- teed debt for 1994-98, are based on aggregate re- its from the OECD. ports provided by the country and World Bank staff estimates. The data include 1998 debt rescheduling of short-term debt. Lesotho Data source. Data on long-term public and publicly guaranteed debt for 1998 are based on re- Kyrgyz Republic ports provided by the country. Short-term debt Data source. Data on long-term public and data are World Bank staff estimates. publicly guaranteed debt for 1998 are based on re- ports provided by the country. Short-term debt data are from the BIS semiannual series on inter- Liberia national bank lending and short-term export cred- Data source. Data on long-term public and its from the OECD. publicly guaranteed debt for 1998 are estimates Rescheduling. In 1993 a total of $125.8 mil- based on the original terms of the loans, aug- lion of technical credits were rescheduled with mented by creditor source information. Short-term Kazakhstan ($31.5 million), the Russian Federa- debt data are from the BIS semiannual series on in- tion ($81.0 million), and Uzbekistan ($13.3 mil- ternational bank lending and short-term export lion). In 1996, $220.4 million were rescheduled credits from the OECD. with bilateral creditors. Lithuania Lao People's Democratic Republic Data source. Data on long-term public and Data source. Data on long-term public and publicly guaranteed debt for 1998 are based on publicly guaranteed debt for 1998 are preliminary, partial reports provided by the country. Short- based on partial reports provided by the country and term debt data are from the BIS semiannual series include both convertible and nonconvertible cur- on international bank lending and short-term ex- rency obligations. Short-term debt data are from the port credits from the OECD. 620 C O UN TIRY NOTES Macedonia, FYR teed long-term debt data are World Bank staff esti- Data source. Data on long-term public and mates. Short-term debt data are from the BIS semi- publicly guaranteed and private nonguaranteed annual series on international bank lending and debt for 1998 are based on reports provided by short-term export credits from the OECD. the country. Short-term debt data are from the BIS semiannual series on international bank lending and short-term export credits from the OECD. Maldives Other. The former Yugoslav Republic of Data source. Data on long-term public and Macedonia became a member of the World Bank in publicly guaranteed debt for 1998 are based on re- 1993. Debt outstanding as of end-1993 reflect only ports provided by the country. Short-term debt loans used directly by Macedonian beneficiaries. data are from the BIS semiannual series on inter- national bank lending and short-term export cred- its from the OECD. Madagascar Data source. Data on long-term public and publicly guaranteed debt for 1998 are based on re- Mali ports provided by the country. Short-term debt Data source. Data on long-term public and data are from the BIS semiannual series on inter- publicly guaranteed debt for 1998 are based on re- national bank lending and short-term export cred- ports provided by the country. Short-term debt its from the OECD. data are from the BIS semiannual series on inter- Rescheduling. Projected debt service is based national bank lending and short-term export cred- on contractual obligations on debt outstanding at its from the OECD. the end of 1998. It includes the effect of the Paris Rescheduling. Projected debt service is based Club agreements signed during 1988-97 and the on contractual obligations of debt outstanding at 1990 commercial bank rescheduling arrangements. the end of 1998. It includes the effect of the Paris Club agreements of 1988, 1989, 1992, and 1996. Malawi Data source. Data on long-term public and Mauritania publicly guaranteed debt for 1998 are World Bank Data source. Data on long-term public and staff estimates based on incomplete reports pro- publicly guaranteed debt for 1998 are based on re- vided by the country. Short-term debt data are ports provided by the country. Short-term debt from the BIS semiannual series on international data are from the BIS semiannual series on inter- bank lending and short-term export credits from national bank lending and short-term export cred- the OECD. its from the OECD. Rescheduling. Projected debt service is based Rescheduling. Projected debt service is based on contractual obligations on debt outstanding at on contractual obligations on debt outstanding at the end of 1998. It includes the effect of the Paris the end of 1998. It reflects the effect of the Paris Club agreement signed in April 1988. The agree- Club agreement from 1989 and the Paris Club ment to reschedule debt owed to the Common- agreements on enhanced Toronto terms signed in wealth Development Corporation has not been June 1993 and 1995. The reporting of the loans implemented. As a result there are both principal covered by these agreement remains partial. There and interest arrears due to the corporation. have also been bilateral rescheduling arrangements with Algeria, Brazil, Iraq, Kuwait, Qatar, and Saudi Arabia. Malaysia Data source. Data on long-term public and publicly guaranteed and private nonguaranteed Mauritius debt for 1998 are preliminary, based on partial re- Data source. Data on long-term public and ports provided by the country. Private nonguaran- publicly guaranteed and private nonguaranteed 621 G LO B AL DE V EL O PM ENT F INA NC E debt for 1998 are based on reports provided by eration. In 1996, $118.8 million were rescheduled the country. Short-term debt data a.:e from the BIS with bilateral creditors. semiannual series on international bank lending and short-term export credits from the OECD. Mongolia Data source. Data on long-term public and Mexico publicly guaranteed debt for 1998 are based on re- Data source. Data on long-term public and ports provided by the country. Short-term debt publicly guaranteed, private nonguaranteed, and data are from the BIS semiannual series on inter- short-term debt for 1998 are based on reports pro- national bank lending and short-term export cred- vided by the country. Data revision on short-term its from the OECD. Data exclude military debt of and publicly nonguaranteed debt were provided about 10.6 billion rubles owed to the Russian by the country. Federation. Rescheduling. Projected debt service is based on contractual obligations on debt outstanding at the end of 1998. It includes the effect of all agree- Morocco ments concluded to date, including the effect of Data source. Data on long-term public and the zero-coupon bonds and the swap operations. publicly guaranteed debt for 1998 are based on re- In 1992, $327 million was rescheduled as a result ports provided by the country. Data on short-term of the 1989 Paris Club agreement. In 1993 a num- debt are based on reports by the country. Private ber of public borrowers, including the govern- nonguaranteed debt for end-1997 and 1998 are ment, swapped liabilities to meet the ceiling on reported by the country. Major revisions to the borrowings. database, especially on short-term debt and ar- Debt reduction. The decline in private rears, were based on information provided by the nonguaranteed debt in 1988 is due primarily to pre- authorities. The arrears are mostly late payments payment and swaps operations. The debt reduction to creditor countries. in 1989 of $2.5 billion comprised debt-equity Rescheduling. Projected debt service is based swaps of $800 million and buybacks of $1.7 billion. on contractual obligations on debt outstanding at In 1990 swaps amounted to $846 million, and debt the end of 1998. It includes the effect of the Paris reduction from discount bonds to $7.3 billion. The Club agreement signed in February 1992. debt conversion program continued in 1991 and amounted to $1.1 billion, including privatization of $431 million and debt-equity swaps of $95 million. Mozambique In 1992, $7.5 billion was bought back for $5.2 bil- Data source. Data on long-term public and lion, which is shown under principal repayments. publicly guaranteed debt for 1998 are based on re- Also, $137 million was converted from foreign debt ports provided by the country and does not in- to equity. The increase in 1995 in long-term debt in- clude noncivilian Russian Federation debt. Private cludes the stock transfer of the "Tesobonos." Data nonguaranteed debt data are World Bank staff es- for 1998 include debt buybacks. timates and includes private debt from Cahora Bassa. Short-term debt data are from the BIS semi- annual series on international bank lending and Moldova short-term export credits from the OECD. Data source. Data on long-term public and Rescheduling. Projected debt service is based publicly guaranteed debt for 1998 are based on re- on contractual obligations on debt outstanding at ports provided by the country. Short-term debt the end of 1998. It includes the effect of the July data are from the BIS semiannual series on inter- 1999 Paris Club agreement signed in November national bank lending and short-term export cred- 1996. The July 1999 Paris Club agreement has not its from the OECD. yet been implemented. Rescheduling. In 1993, $89 million of techni- Debt reduction. Debt reduction in 1990 cal credits were rescheduled with the Russian Fed- amounted to $231 million, and to $237 million in 622 CO UN TRY N O TE S 1991. In 1991 there was a debt buyback, at a dis- ports provided by the country. Long-term private count of 90 percent, of $124 million under the nonguaranteed debt data are World Bank staff es- IDA Debt Reduction Facility. timates. Short-term debt data are from the BIS semiannual series on international bank lending and short-term export credits from the OECD. Myanmar Rescheduling. Projected debt service is based Data source. Data relate to the year ending in on contractual obligations on debt outstanding at March. Data on long-term public and publicly the end of 1998. It includes the effect of all Paris guaranteed debt for end-March 1999 are based on Club agreements. reports provided by the country. Short-term debt data are from the BIS semiannual series on inter- national bank lending and short-term export cred- Nigeria its from the OECD. Data source. Data on long-term public and private nonguaranteed debt for 1998 are estimates based on the original terms of the loans aug- Nepal mented by creditor source information and World Data source. Data on long-term public and Bank staff estimates. Nigeria has not reported ex- publicly guaranteed debt for 1998 are based on re- ternal debt transactions for individual loans to the ports provided by the country. Short-term debt Bank since 1992. All data from 1992 forward are data are from the BIS semiannual series on inter- estimates based on aggregate data from the au- national bank lending and short-term export cred- thorities, World Bank staff, and other sources. The its from the OECD. promissory notes data for 1994-97 are based on partial information from the authorities. The Russian buyback is also based on partial informa- Nicaragua tion from the authorities. Short-term debt data are Data source. Data on long-term public and from the BIS semiannual series on international publicly guaranteed debt for 1998 are actual, bank lending and short-term export credits from based on reports provided by the country. Short- the OECD. term debt data are from the BIS semiannual series Rescheduling. Projected debt service is based on international bank lending and short-term ex- on contractual obligations on debt outstanding at port credits from the OECD. the end of 1998. It includes the effect of all Paris Rescheduling. Projected debt service is based Club and London Club agreements signed, as well on contractual obligations on debt outstanding at as those signed with other bilateral creditors. the end of 1998. It includes the effect of agree- Debt reduction. Debt reduction in 1988 was ments reached with Mexico ($950 million) and $40 million and in 1989, $247 million, all of it Venezuela ($159 million) in 1991, with Brazil in due to debt-equity swaps. In 1990 debt reduction 1992 ($66 million), and with Argentina ($76 mil- was $286 million, $48 million of which was due lion) and Cuba ($7 million) in 1993; the 1995 to debt forgiveness and $238 million to debt- Paris Club agreement; and agreements with the equity swaps. In 1991 debt reduction was $243 Russian Federation ($442 million), Czech Repub- million, of which $134 million represented a buy- lic ($141 million), Honduras ($117 million), Mex- back, $95 million was debt-equity swaps, and $14 ico ($91 million), and El Salvador ($23 million) in million was debt forgiveness. In 1992 there was a 1996. $1.3 billion buyback. Debt reduction. In 1995 debt reduction was Other. The Central Bank of Nigeria reported a $1.2 billion using the IDA facility. large cancellation of promissory notes in 1992 that led to a reduction of about $1.1 billion in the stock of notes outstanding. This reduction, classified Niger under private suppliers' credits, is not recorded as Data source. Data on long-term public and part of the DDSR accounts and therefore is in- publicly guaranteed debt for 1998 are based on re- cluded in the residual imbalance during 1992. 623 G LO BAL D EVE LO PM ENT F IN AN C E Oman Short-term debt data are from the BIS semiannual Data source. Data on long-tcrm public and series on international bank lending and short- publicly guaranteed debt for 1998 are based on re- term export credits from the OECD. ports provided by the country. Short-term debt data are from the BIS semiannual series on inter- national bank lending and short-te; m export cred- Paraguay its from the OECD. Data source. Data on long-term public and publicly guaranteed debt for 1998 are based on re- ports provided by the country. Private nonguaran- Pakistan teed debt data are World Bank staff estimates. Data source. Data on long-term public and Short-term debt data are from the BIS semiannual publicly guaranteed and private nonguaranteed series on international bank lending and short- debt for 1999 are based on reports provided by term export credits from the OECD. 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 Peru exclude foreign currency deposits in local banks Data source. Data on long-term public and made by nonresidents. publicly guaranteed debt for 1998 are based on re- Rescheduling. The January 1999 Paris Club ports provided by the country. Long-term private rescheduling has not yet been implemented. nonguaranteed debt data are World Bank staff es- timates. Short-term debt data are revised and are from the BIS semiannual series on international Panama bank lending and short-term export credits from Data source. Data on long-term public and the OECD. publicly guaranteed debt for 1998 are based on re- Rescheduling. Projected debt service is based ports provided by the country. Dara on long-term on contractual obligations on debt outstanding at private nonguaranteed debt and on short-term the end of 1998. It includes the effect of the Paris debt are World Bank staff estimates. Club agreement signed in July 1996. By end-1998 Rescheduling. Projected debt service is based total amount rescheduled was $5.2 billion. It also on contractual obligations on debt outstanding at includes the effect of the November 1996 DDSR the end of 1998. It includes the effect of the No- agreement, which rescheduled $4.8 billion. vember 1996 DDSR agreement, which resched- Debt reduction. As a result of the November uled $3.3 billion of total debt. In 1997 Panama re- 1996 Brady accord, debt owed to commercial banks tired $1.2 billion of the Brady bonds in exchange at the end of 1996 was reduced by $2.1 billion. for uncollateral bonds. Debt reduction. As a result of the April 1996 Brady accord, debt owed to commercial banks at Philippines the end of 1996 was reduced by $645 million. Data source. Data on long-term public and Total debt rescheduled under this accord was $3.3 publicly guaranteed, private nonguaranteed, and billion. The 1997 Brady bond exchange operation short-term debt for 1998 are based on reports pro- resulted in a $1.2 billion debt reduction, which in- vided by the country. cludes a $987 million buyback, as shown under Rescheduling. Projected debt service is based principal repayment. on contractual obligations on debt outstanding as of December 1998. It includes the effect of the Paris Club agreement signed in June 1991. The Papua New Guinea Paris Club agreement signed in July 1994 was not Data source. Data on long-term public and implemented because the Philippines decided to publicly guaranteed debt for 1998 are based on re- meet Paris Club debt service due. ports provided by the country. Private nonguaran- Debt reduction. Cash buyback of $1.3 billion teed debt data are World Bank staff estimates. at the price of 52 cents per dollar (equivalent to 624 COUNTRY NO TE S $656 million) was implemented in May 1992, as 1996. The August 1999 Paris Club agreement has was the DDSR $4.4 billion multioption package of not yet been implemented. July 1992. Rwanda Poland Data source. Data on long-term public and Data source. Data on long-term public and publicly guaranteed debt for 1998 are based on re- publicly guaranteed, private nonguaranteed, and ports provided by the country. Short-term debt short-term debt for 1998 are based on reports by data are from the BIS semiannual series on inter- the country and include both convertible and non- national bank lending and short-term export cred- convertible debt. its from the OECD. Rescheduling. Projected debt service is based Rescheduling. Projected debt service is based on contractual obligations on debt outstanding at on contractual obligations on debt outstanding at the end of 1998. It includes the effect of the Paris the end of 1998. It includes the effect of reschedul- Club agreement signed in April 1991, which pro- ing loans from Kuwait in 1996, as well as the ef- vided for cancellation of about 50 percent of the fect of the Paris Club agreement signed in July stock of debt or an equivalent reduction in sched- 1998. uled debt service on a net present value basis. It also includes the effect of the DDSR operation with commercial banks that was concluded in Oc- Samoa tober 1994. The 1994 DDSR agreement restruc- Data source. Data on long-term public and tured $14.3 billion of debt. publicly guaranteed debt for 1998 are based on re- ports provided by the country. Short-term debt data are from the BIS semiannual series on inter- Romania national bank lending and short-term export cred- Data source. Data on long-term public and its from the OECD. publicly guaranteed for 1998 are based on reports provided by the country. Private nonguaranteed debt data are World Bank staff estimates. Short- Sao Tome and Principe term debt data are from BIS semiannual series on Data source. Data on long-term public and international bank lending and short-term export publicly guaranteed debt for 1998 are based on re- credits from the OECD. ports provided by the country. Short-term debt data are from the BIS semiannual series on inter- national bank lending and short-term export cred- Russian Federation its from the OECD. Data source. Data on long-term public and Rescheduling. In 1995, $23.9 million was publicly guaranteed and short-term debt for 1998 rescheduled with Portugal. In 1997 China restruc- are estimates, based on aggregate data provided by tured part of its claims converting them into part the country. Private nonguaranteed debt data are of about $11.2 million. World Bank staff estimates. Data prior to 1992 are for the former Soviet Union. Beginning in 1993, the database has been revised to include obliga- Senegal tions to members of the former Council for Mu- Data source. Data on long-term public and tual Economic Assistance and other countries in publicly guaranteed and private nonguaranteed the form of trade-related credits amounting to debt for 1998 are based on reports provided by $15.4 billion as of the end of 1996. the country. Short-term debt data are from the BIS Rescheduling. Projected debt service is based semiannual series on international bank lending on contractual obligations on debt outstanding at and short-term export credits from the OECD. the end of 1998. It includes the effect of the Paris Rescheduling. Projected debt service is based Club agreements signed in June 1995 and April on contractual obligations on debt outstanding at 625 G LOB AL D EVE LO PM ENT F IN AN C E the end of 1998. It includes the effects of the Paris Solomon Islands Club agreement signed in April 1995, but ex- Data source. Data on long-term public and cludes those of the June 1998 Paris Club, for publicly guaranteed debt for 1998 are based on re- which all bilateral agreements with the parti- ports provided by the country. Short-term debt cipating creditors are yet to be signed and data are from the BIS semiannual series on inter- implemented. national bank lending and short-term export cred- its from the OECD. Rescheduling. Projected debt service is based Seychelles on contractual obligations on debt outstanding at Data source. Data on long-term public and the end of 1998. It includes the effects of a bilat- publicly guaranteed debt for 1998 are based on re- eral debt restructuring agreement signed in 1992. ports provided by the country. Short-term debt data are from the BIS semiannual series on inter- national bank lending and short-term export cred- Somalia its from the OECD. Data source. Data on long-term public and publicly guaranteed debt for 1998 are estimates based on the original terms of the loans, aug- Sierra Leone mented by creditor source information. Short-term Data source. Data on long-term public and debt data are World Bank staff estimates. publicly guaranteed debt for 1998 are based on re- ports provided by the country. Long-term private nonguaranteed debt data are World Bank staff es- South Africa timates. Short-term debt data are from the BIS Data source. Data on long-term and publicly semiannual series on international bank lending guaranteed debt for 1998 are aggregate informa- and short-term export credits from the OECD. tion provided by the authorities and based on Major revisions to the database are based on in- World Bank staff estimates. formation provided by the country. Rescheduling. Projected debt service is based on contractual obligations on debt outstanding at Sri Lanka the end of 1998. It includes the effect of Paris Data source. Data on long-term public and Club agreements signed in November 1986, No- publicly guaranteed debt for 1998 are based on re- vember 1992, July 1994, and April 1996. It also ports provided by the country. Long-term private includes the effect of a DDSR operation with nonguaranteed debt data are World Bank staff es- commercial banks that was concluded in August timates. Short-term debt data are from the BIS 1995. semiannual series on international bank lending and short-term export credits from the OECD. Slovak Republic Data source. Data on long-term public and St. Kitts and Nevis publicly guaranteed and private nonguaranteed Data source. Data on long-term public and debt for 1998 are based on reports provided by publicly guaranteed debt for 1998 are based on re- the country and include only convertible-currency ports provided by the country. Short-term debt debt. Short-term debt data are from the BIS semi- data are from the BIS semiannual series on inter- annual series on international bank lending and national bank lending and short-term export cred- short-term export credits from the OECD. its from the OECD. Other. The Slovak Republic became a member of the World Bank in 1993. Data for 1985-92 are based on preliminary information on the succes- St. Lucia sion of the former Czechoslovakia (effective Janu- Data source. Data on long-term public and ary 1, 1993). publicly guaranteed debt for 1998 are based on re- 626 CO UN TRY NO T ES ports provided by the country. Short-term debt agreed in recent years. Short-term debt are World data are from the BIS semiannual series on inter- Bank staff estimates. national bank lending and short-term export cred- its from the OECD. Debt reduction. As part of its Caribbean Ini- Tajikistan tiative, Canada forgave all official development as- Data source. Data on long-term public and sistance loans, about $0.4 million, in 1991. publicly guaranteed and private nonguaranteed debt for 1998 are based on reports provided by the country. St. Vincent and the Grenadines Rescheduling. In 1993, $18 million of techni- Data source. Data on long-term public and cal credits were rescheduled with Kazakhstan. In publicly guaranteed debt for 1998 are based on re- 1996, $505.8 million were rescheduled with bilat- ports provided by the country. Short-term debt eral creditors. data are from the BIS semiannual series on inter- national bank lending and short-term export cred- its from the OECD. Tanzania Debt reduction. As part of its Caribbean Ini- Data source. Data on long-term public and tiative, Canada forgave all official development as- publicly guaranteed debt for 1998 are based on re- sistance loans, about $0.8 million, in 1990. ports provided by the country. Long-term private nonguaranteed debt data are World Bank staff es- timates. Short-term debt data are from the BIS Sudan semiannual series on international bank lending Data source. Data on long-term public and and short-term export credits from the OECD. publicly guaranteed and private nonguaranteed Rescheduling. Projected debt service is based debt for 1998 are estimates based on the original on contractual obligations on debt outstanding at terms of the loans, augmented by creditor source the end of 1998. It includes the effects of all signed information. Short-term debt data are from the Paris Club agreements until the end of 1995 and BIS semiannual series on international bank lend- the effects of the agreement signed in January ing and short-term export credits from the OECD. 1997. Swaziland Thailand Data source. Data on long-term public and Data source. Data on long-term public and publicly guaranteed debt for 1998 are estimates publicly guaranteed and private nonguaranteed based on original terms of loans outstanding at debt for 1998 are based on preliminary reports end-1997. Short-term debt data are from the provided by the country. Short-term debt data are BIS semiannual series on international bank also from the country and include Bangkok Inter- lending and short-term export credits from the national Banking Facility (BIBF) commercial bank OECD. transactions. Syrian Arab Republic Togo Data source. Data on long-term public and Data source. Data on long-term public and publicly guaranteed debt for 1998 are estimates publicly guaranteed debt for 1998 are based on re- based on the original terms of the loans and in- ports provided by the country. Short-term debt clude only civilian debt. Data on noncivilian debt, data are from the BIS semiannual series on inter- which is substantial and owed mainly to Eastern national bank lending and short-term export cred- European countries, are estimates using creditor its from the OECD. source information. Data on civilian debt do not Rescheduling. Projected debt service is based reflect bilateral debt arrangements that have been on contractual obligations on debt outstanding at 627 G LO B AL D EVE LO PM ENT FIN AN C E the end of 1998. It includes the effect of all signed semiannual series on international bank lending Paris Club agreements and contmercial bank and short-term export credits from the OECD. arrangements until end-1996. Uganda Tonga Data source. Data on long-term public and Data source. Data on long-term public and publicly guaranteed debt for 1998 are based on re- publicly guaranteed debt for 1998 are based on ports provided by the country. Short-term debt original terms of loans. Short-terrr: debt data are data are from the BIS semiannual series on inter- from the BIS semiannual series o0 international national bank lending and short-term export cred- bank lending and short-term export credits from its from the OECD. the OECD. Rescheduling. Projected debt service is based on contractual obligations on debt outstanding at the end of 1998. It includes the effect of the Paris Trinidad and Tobago Club agreement signed in February 1995 and Data source. Data on long-term public and April 1998. publicly guaranteed debt for 1998 are estimates Debt reduction. In 1993 Uganda bought back based on original terms of the loans. Short-term $149 million of debt at a discount of 88 percent debt data are from the BIS semiannual series on in- under the IDA Debt Reduction Facility. Debt ser- ternational bank lending and short-term export vice payments to IDA and IMF repurchases and credits from the OECD. charges include payments from the HIPC Trust Fund, IDA grants, and IMF Trust Fund, under the HIPC Initiative. Tunisia Data source. Data on long-term public and publicly guaranteed debt for 1998 are preliminary. Ukraine based on partial reports provided by the country Data source. Data on long-term public and and World Bank staff estimates. Private nonguar- publicly guaranteed and private nonguaranteed anteed debt data are World Bank staff estimates. debt for 1998 are based on reports provided by Short-term debt data are from the BIS semiannual the country. Short-term debt data are from the series on international bank lending and short- BIS semiannual series on international bank lend- term export credits from the OECD. ing and short-term export credits from the OECD. Rescheduling. In 1993 a total of $2,528 mil- Turkey lion of technical credits were rescheduled with Data source. Data on long-term public and Moldova and the Russian Federation. publicly guaranteed, private nonguaranteed, and short-term debt for 1998 are based on reports pro- vided by the country. Uruguay Nonresident deposits. Long-teim debt data in- Data source. Data on long-term public and clude nonresident deposits made under the Dresd- publicly guaranteed and private nonguaranteed ner Bank scheme, amounting to $11.7 billion at debt for 1998 are based on reports provided by end-1998. the country. Short-term debt data are World Bank staff estimates. Turkmenistan Data source. Data on long-term public and Uzbekistan publicly guaranteed and private nonguaranteed Data source. Data on long-term public and debt for 1998 are based on reports provided by publicly guaranteed and private nonguaranteed the country. Short-term debt data are from the BIS debt for 1998 are based on reports provided by 628 CO U NTRY NO T ES the country. Short-term debt data are from the flected in the table. The data are provisional and BIS semiannual series on international bank lend- are based on World Bank staff estimates. ing and short-term export credits from the OECD. Rescheduling. In 1993 a total of $321 million Yemen, Republic of of trade credits were rescheduled with Kazakhstan Data source. Data on long-term public and ($46.4 million) and the Russian Federation publicly guaranteed debt for 1998 are based on ($275.0 million) World Bank staff estimates. Short-term debt data are from the BIS semiannual series on interna- tional bank lending and short-term export credits Vanuatu from the OECD. Data source. Data on long-term public and Rescheduling. Projected debt service is based publicly guaranteed debt for 1998 are World on contractual obligations and existing terms on Bank staff estimates. Short-term debt data are debt outstanding at the end of 1998. It includes from the BIS semiannual series on international the effect of the Paris Club agreement signed in bank lending and short-term export credits from September 1996 and November 1997. the OECD. Yugoslavia, Federal Republic of Venezuela, Republica Bolivariana de (Serbia and Montenegro) Data source. Data on long-term public and Data source. Data on long-term public and publicly guaranteed debt, long-term private publicly guaranteed and private nonguaranteed nonguaranteed debt data, and short-term debt debt for 1998 are estimates and reflect borrowings data for 1998 are based on reports provided by by the former Yugoslavia that are not yet allocated the country and CMU. to the various republics. Short-term data are from Debt reduction. In September 1997 Venezuela the BIS semiannual series on international bank retired $4.4 billion of Brady bonds in exchange for lending and short-term export credits from the $4.0 billion of uncollateral bonds. Total amortiza- OECD. tion for 1997 includes prepayments of $4.0 billion Debt reduction. The debt reduction of 1988- of Brady bonds to raise money for disbursement of 91 consisted of buybacks of $128 million in 1988, new unsecured bonds issues. $610 million in 1989, $1.5 billion in 1990, and $554 million in 1991. Other. In 1992 the former Yugoslavia split Vietnam into several republics; information on debt out- Data source. Data on long-term public and standing by the various republics are shown in publicly guaranteed debt for 1998 are based on the country pages for Croatia and Macedonia partial reports provided by the authorities and FYR. World Bank staff estimates. Short-term debt data are from the BIS semiannual series on interna- tional bank lending and short-term export credits Zambia from the OECD. Data source. Data on long-term public and Rescheduling. Projected debt service is based publicly guaranteed debt, long-term private on contractual obligations and existing terms on nonguaranteed debt data, and short-term debt debt outstanding at the end of 1998. It includes data for 1998 are based on the reports provided the effect of the Paris Club agreement signed in by the country. Major revisions to the historical December 1993, other bilateral arrangements out- data are based on the information obtained from side of the Paris Club, and the 1997 DDSR agree- the country during a recent mission. ment. The effect of the memorandum of under- Rescheduling. Projected debt service is based standing of September 1997 on the debt on contractual obligations on debt outstanding at outstanding and disbursed owed to Russia is re- the end of 1998. It includes the effects of the Paris 629 G LO B AL DE V EL O PM ENT F IN AN C E Club agreements of 1990, 1992, and February Zimbabwe 1996. Total amount rescheduled by end-1998 under Data source. Data on long-term public and the 1996 Paris Club agreement was $407 million. private nonguaranteed debt for 1998 are based on Debt reduction. Reduction o.- the stock of reports provided by the country. Short-term debt debt by end-1998 as a result of the write-off of the data are from the BIS semiannual series on inter- 1996 Paris Club agreement was $26 million. It national bank lending and short-term export cred- does not include the effects of the April 1999 Paris its from the OECD. Club agreement. 630 O ver the past year, developing countries have started to recovcr from the 1997-1999 global 0 financial crisis. The elements underlying the recovery - strong industrial country growth, robust global trade, and firming commodity prices - should permit more "self-financing" and more sustainable developing country growth than have been the case following previous crises. But international capital market flows remain selective and volatile. Global Development Finance 2000 provides a comprehensive look at external debt and financial flows to developing countries. Volume 1, Analysis and Summary Tables, examines these developments in detail and charts the prospects for private and public global development finance. It explores the special risks and benefits of short-term capital flows, reviews policy options for countries to safeguard against the volatility of private capital flows, and draws lessons from the past century's booms and busts in private flows to emerging markets. The volume also reviews debt-restructuring agreements and privatization transactions and contains summary data for country groups. Volume 2, Country Tables, provides statistical data for 137 countries reporting debt under the World Bank Debtor Reporting System. The country tables present a wealth of information about each country's external debt and cover major economic aggregates and key debt ratios. Data are also provided on debt service paid, average terms of new commitments, currency composition of long-term debt, debt restructuring, and scheduled debt service projections.To facilitate cross-country comparisons of key statistics, surmmary statistical tables are provided for regional and income groups. Global Development Finance 2000 is available on a Windows-based CD-ROM that contains all the time-series data from the World Bank Debtor Reporting System, and allows users to graph, map, and extract the data in many formats. The CD-ROM also provides the contents of the two volumes in searchable page format. Global Development Finance 2000 is an invaluable resource for economists, bankers, country-risk analysts, financial consultants, scholars, and investors. For general and ordering information, please visit the World Bank's publications website at wwwworldbank.org/ptublications, or call 703-661-1580. From within the U.S., please call 800-645-7247. w < 2 1818 H Street, N.W. O W ashington, D.C. 20433, U.S.A. R 5 .^ Telephone: 202-477-1234 L Facsimile: 202-477-6391 D Telex: MCI 64145 WORLDBANK B MCI 248423 WORLDBANK A Internet: www.worldbank.org N E-mail: books@worldbank.org KE G R 0 14 54 4 gOi Our dream is a \16111ttt1111 Iliili world free of poverty 9 780821 345443