20827 February 1983 VWorld Debt Tables External Debt of Developing Countries 54520.0 54697.0 5475.0 55053.0 55232.0 55411.0 i5521.0 180683.0 194345.0 196371.0 198456.0 200575.0 2660 30467O 1027.0 1061.0 1106.0 1101.0 1174.0 1242.0 1359.0 20300.0 22500.0 23600.0 22900.0 23500.0 26300.0 27300.0 706.0 689.0 675.0 670.0 611,0 698.0 683.0 12600.0 13500.0 14200.0 14700.0 15400.0 1o630.0 17600. 10624.0 1 X003.0 11194.0 12003.0 13051.0 14300.0 [5502.0 144700.0 197300.0 217000.0 222500.0 243100.0 256300.0 3501000 2153.0 2261.0 2391.0 2502.0 2728.0 2874.0 3192.0 22900.0 32300.0 35400.0 37000.0 40500.0 45600.0 47S800 1006.0 1069.0 1145.0 1299.0 1389.3) 1378.0 1574.0 12900.0 16600.0 17700.0 18800. 20100.0 21600.0 23910.0 2630.0 2782.0 2840.0 3162.0 3436.0 3772.0 4208,0 33200.0 44200.0 47900.0 50300.0 54000.0 590000 63800.0 6140.0 6421.0 6846.0 7350.0 7751.0 8567.0 9975.0 140500.0 189600.0 206000.0 221200.0 244500.0 6O60O 2653000 1972.0 2155.0 2305.0 2473.0 2690.0 3013.0 3557.0 55500.0 78000.o 878C0.0 97400. 106500.0 I18s600 131300.0 9268.0 10446.0 11506.0 12547.0 13390.0) 14950.0 168160 64100.0. 93100.0 102700.0 110800.0 11760D.0 1242000 134300O 35528.0 37887.0 40008.0 43367.0 46221.0 50794.0 5926.0 506700.0 687100.0 752300.0 795400.0 867200.0 934300.0 96192o 4255.0 4707.0 5024.0 5686.0 6692.0 7206.0 7508.0 44200.0 59500.0 61300.0 66300.0 74600.0 818M0.0 69000 35528.0 37887.0 40000.0 43167.0 46221.0 50794.0 56926.0 506700.0 687100.0 752300.0 795400.0 867200.0 934300.0 9610.O0 1130.2 1130.2 1167.5 1167.5 1179.9 1242.0 1316.5 25600.0 26100.0 24900.0 25700.0 3se60.0 23000 2700.0 853.7 804.8 799.2 776.2 725.9 698.0 698.0 13200.0 15100.0 15900.0 16100.0 16700.0 17200.0 176O0. 12526.8 32755.6 12841.4 13728.0 14242.8 14300.0 14185.6 166100.0 227100.0 245200.0 245300.0 259200.0 267200.0 253100.0 2733.2 2779.2 2885.5 2953.6 2933.5 2874.0 2963.1 38600.0 47700.0 4950.0 49900.0 52400.0 51200.0 478000 1101.0 1143.7 1185.3 1260.9 1322.9 1378.0 1431.7 13300.0 17300.0 18400.0 19300.0 20900.0 2200.0 22900.0 3206.2 3319.4 3357.3 3470.2 3621.1 3772.) 3809.7 38800.0 49500.0 53600.0 54700.0 58400.0 61400.0 63o0. 7351.0 7477.1 71931.7 80)26.8 8233.9 8567.0 8895.4 1899000 237200.0 248300.0 255200.0 269600.0 279100.0 38300. 2922.6 2982.9 3073.3 3043.1 3013.0 3013.0 3043'1 94800.0 109900.o 117100.0 123400.0 127200.0 130900.0 131300.0 13241.6 33620.6 1s395.6 14438.5 34339.6 14950.0 15751.0 919000 112400.0 120400.0 327100.0 328000.0 127230.0 13300.0 45066.3 46013.5 47197.4 48862.8 49630.5 50794.0 saos4.0 672100.0 842200.0 893300.0 916800.0 957900.0 962600.0 961200.0 35922.0 38230.0 40353.0 43551.0) 46718.0 51462.0 57528.0 50S200.0 691800.0 756500.0 799900.0 872000.0 938800.0 9580o0. 394.0 343.0 345.0 384.0 497.0 668.0 602.0 2500.0 4700.0 4200.0 400M.0 48000 4500.0 480. 35528.0 37887.0 40008.0 43167.0 46221.0 50794.0 56926.0 506700.0 687100.0 752300.0 795400.0 8672o10 934300.0 9612300 7210.0 7479.) 8131.0 97(4.0 10237.0 314630 12522.0 22200.0 30500.0 36000.0 38700.0 45200.0 49100.0 543000 8968.0 7457.0 7749.0 9393.03 10499.0 11 913.0 13412.0 25800.0 35100.0 38700.0 41100.0 45300.0 49000.0 563000 35770.0 37909.0 40390.0 43478.0 45959.0 50342.0 .56036.0 503100.0 682080.0 74950o.0 792900.0 867000.0 934400.0 979300.0 22774.0 24338.0 25311.0 27175.3) 28896.) 31383.0 35076.0 322500.0 428500.0 463000.0 489000.0 535200.0 578900.0 618900.0 5983.0 6510.0 7202.0 7649.0 7983.0 8973.0 10225.0 87300.0 1169,o0 135000.0 153800.0 16900.0 176300.0 187700.0 7013.0 7263.0 7877.0 8654.0 9080.0 9986.(0 I0735.0 93300.0 337200.0 150900.0 150300.0 164900.0 3700 1737000 aRMRa JAOA 47602.9 49299.3 50342.6 53462.0 52642.8 675400.0 848000.0 896100.0 922100.0 963200.0 967300.0 965600.0 405.5 436.5 532.0 668.3) 548.7 3300.0 s580.0 5000.0 5300.0 5300.0 4700.0 4000.0 47197.4 48862.8 49630.5 50794.0 52094.0) 672300.0 842200.0 893100.0 916600.0 957900.0 9626O0. 961200.0 9987.4 1071)0.4 30985.3 11463.0 12042.1 25700.0 34800.0 40100.0 43000.0 49800.0 525000 5300.0 356.2 10456.2 31396.3 11913.0 32795.2 31500.0 40700.0 43700.0 4560.0 49400.0 S1700.0 s5300.0 47828.6 49307.0 49199.6 50342.0 51341.0 666300.0 836300.0 889600.0 934200.0 95600. 963400.0 979000.0 29673.6 30403.4 30612.9 31383.0 32346.3 415100.0 533000.0 539400.0 555900.0 56480.0 605400.0 618800 25311.0 27175.0 28896.0 31383.0 35076.0 322500.0 4800.0 403000.0 469000.0 535200.0 s78900.0 618900.0 7202.0 7649.0 7983.0 8973.0 10225.0 87300.0 118S90.0 135600.0 I53800.0 166S90.0 176300.0 187700.0 7877.0 8654.0 9080.0 9986.) 30735.0 9330.0 1372.0 150900.0 350100.0 164900.0 17930 Imo7LO 47602.9 49299.3 50142.6 51462.0 52642.8 675400.0 848000.0 898100.0 922100.0 963200.0 9673000 ss58o00 405.5 436.5 532.0 6683) 548.7 3M3 sc00 58000 5000s0 5300.0 50.0 47000 4000.0 47197 4 48862.8 496105 50794.0 520940o 672100.0 8422000 8931000 916800.0 957900.0 98260.0 961300.0 9987.4 107004 10985.3 31463 0 12042 1 25700.0 34800.0 40100.0 43000.0 49600.0 s5s50. 5430QO 9356.2 10456.2 11396.3 119133) 32795.2 31500.0 40700.0 43700.0 45600.0 49400.0 51700.0 560.0 47828.6 49107.0 49199.6 50342 3 51341.0 6663000 836300.0 689600.0 9142000 956300.0 963400.0 979300 29671 6 30403.4 30632.9 31383.0 32346.3 415100.0 513000.0 539400.0 555900.0 584800.0 604o00 610sSo 8982.7 9015.3 8845.9 8973.0 9239.8 131800.0 154500.0 170700.0 184800.0 190600.0 190300.0 1770. 9174 3 96885 97408 99860 97549 119400.0 16O80.0 179500.0 173500.0 182900.0 16760.0 IMO7 7877.0 8654.0 90800 99860 10735.0 93300.0 1372000 1509000 150100.0 14900.0 179M.000 377000 7840.0 87270 9839.0 11106.0 12227.0 9940.0 1464000 357800.0 157100.0 16960.0 18350 179000O 1520 321.0 370 730 759.0 11200 14920 6100.0 9300.0 69o 7000,0 4900.0 440O 6O6.0 World Debt Tables External Debt of Developing Countries The World Bank Washington, D.C. This volume was prepared by the External Debt Division, Economic Analysis and Projections Department of the World Bank. Stefan Mendelsohn served as a consulting editor in the preparation of the introduction. World Debt Tables is published annually by the World Bank. The World Bank does not accept responsibility for the accuracy or completeness of the report. Any judgments expressed are those of the World Bank staff or consultants and do not necessarily reflect the views of the Board of Directors or the governments they represent. First printing February 1983 Copyright (©) 1983 by the International Bank for Reconstruction and Development / The World Bank 1818 H Street, N.W., Washington, D.C. 20433, U.S.A. All rights reserved Manufactured in the United States of America ISSN 0253-2859 Contents Preface v Developments in External Borrowing vii Sources and Definitions xvii Groups of Reporters xxi Debt Tables 1 Total, 98 Countries 2 Low-income Africa 6 Low-income Asia 10 Middle-income Oil Importers 14 Oil Exporters 18 Major Borrowers 22 Africa, South of the Sahara 26 East Asia and Pacific 112 Latin America and the Caribbean 144 North Africa and the Middle East 212 South Asia 240 More Developed Mediterranean 266 Footnotes to Tables 289 Index of Reporters 291 iii Preface THE 1982 -83 EDITION OF World Debt Tables contains to the regional summaries and individual country tables, statistical tables showing the medium- and long-term tabulations are shown for 98 countries and for groupings external debt of 101 reporting countries. The tables are by income levels. As well, a table shows the aggregate compiled from data reported to the World Bank by its position of 13 major borrowers, meaning countries with members under the Debtor Reporting System (DRS). disbursed and outstanding medium- and long-term total The DRS is maintained, and this volume is prepared, by debt in excess of $12 billion at the end of 1981. the staff of the External Debt Division of the Economic To preserve a readable layout of the tables, data are Analysis and Projections Department. provided for only eight years: 1972, 1974, and 1976 - This volume contains data for public and publicly 81; some of the subcategories of debt also are omitted. guaranteed debt augmented by information (where For most users, the loss of detail should cause very few available) on private nonguaranteed debt and major problems. For others, this omission can be overcome by econornic aggregates and by indicators that are used subscribing to World Debt Tables on magnetic tape. frequently in debt and creditworthiness analyses. The Tape data include all debt information given in the tables series provided here are from standard sources. The of this publication, and, where available, they offer con- indicators were prepared for the convenience of users; tinuous historical series for 1970-81 andprojected debt their inclusion does not imply an endorsement of their service payments for 1982-91. Enquiries about the value for debt-or other-economic analysis. Al- data-tape subscriptions should be sent to the Publica- though debt indicators can give useful information about tions Distribution Unit of the World Bank. developments in debt-servicing capacity, conclusions The information contained in this document reflects drawn from them will not be valid unless accompanied the input of all members of the External Debt Division. by careful economic evaluation. Indicators are based on The macroeconomic aggregates used are drawn from the public debt only; where nonguaranteed debt is reported, files of the Economic and Social Data Division of the users can adjust the indicators accordingly. In addition World Bank and from the International Monetary Fund. v Developments in External Borrowing CASSANDRA'S ROLE IS A TEMPTING ONE because disas- * Global disinflation and highly volatile interest rates ter, if it occurs, has been foretold; if it does not, timely have entailed a special cost for developing countries in warnings have helped avert it. Thus, the many critics, two distinct categories. who claimed during the 1 970s that developing countries High interest rates have struck particularly hard coun- were borrowing too much and that banks were lending tries like Argentina, Brazil, and Mexico, which, among imprudently to them, have recently come to feel vindi- developing countries, are the biggest net debtors to the cated. Hindsight has led many more observers to the international banking system. Most of their loans from same conclusion. But it is not true that developing coun- banks carry floating rates of interest. A change of a tries as a whole borrowed excessively, that they squan- single percentage point in short-term dollar interest dered the proceeds, and that they now face a generalized rates has an annualized impact estimated at more than debt problem. There is no generalized debt crisis; rather, $1.2 billion on the cost of their combined net debt ser- the mutual difficulties of developing countries in servic- vice. ing foreign borrowing and of commercial banks in ob- At the other extreme, a number of poorer countries, taining service payments on foreign lending are an out- wholly or almost wholly dependent on commodity ex- growth of the broader economic problems that grip all of ports, rescheduled parts of their external debt following the world's economies. The resolution of these difficul- steep falls-in some cases to their lowest levels since ties lies in a restoration of economic health to the global 1945-in world raw material prices. economy and a resumption of strong growth in interna- * The difficulties of a minority of developing tional trade. *Tedfiute famnrt fdvlpn countries-even one that includes the biggest interna- The main themes in this introduction to the 1982 -83 tional debtors-does not constitute a generalized "debt edition of the World Debt Tables can be summarized as problem." External debt has not imposed a special con- follows: straint on most developing countries; rather, the stagna- tion of world trade and output and the decline of raw * All countries, including developing countries, have material prices have done. so. shared the hardships associated with three years of global disinflation, which began toward the end of 1979. * The resulting special difficulties encountered by the developing countries in the turbulent opening years of * Disinflation resulted from a deliberate policy on the the 1 980s do not support the widespread contention that part of the major financial powers and many other coun- banks lent imprudently to developing countries as a tries, including developing countries. Its objective was to whole during the 1970s and that the countries wasted the break the world's inflationary spiral and so lay the foun- proceeds. On the contrary, the record shows that most dations for a return to sustainable economic growth. of them used external capital for productive investment, which sustained their growth and helped them increase * However, excessive reliance on monetary restraint their capacity to earn foreign exchange. rather than on a balanced mix of monetary and fiscal * For a few countries, global disinflation has created policies has led to very high and widely fluctuating real severe liquidity problems; for some others, it has ex- interest rates. posed structural deficiencies and the need for economic vii vill adjustment. Countries that find their external debt- Mexico, and Argentina. Two of these-Mexico and servicing capacity to be inadequate have no alternative Argentina-had already interrupted full service on por- to adjustment-meaning, for many, deflation and tions of their external debt, as had some relatively large slower growth. When lenders perceive that adjustment borrowers in eastern Europe, notably Poland and has been sufficient, these countries will be able once Romania, which had begun running into difficulties in more to attract external capital. 1981. As well, many smaller borrowers rescheduled * The international banking system has found itself their external debt to official creditors through the * Th lnernhonl bnEn sysem as oun Itelf "Paris Club" in 1981 and 1982. These were mostly assisting a growing number of borrowers through the global recession of 1980-82. Although lending to poorer countries in sub-Saharan Africa, for which debt global developing countrie i althourcehof conernd the owed to the financial markets is limited (see the table some developing countries iS a source of concern, the blw.Lt n18,svrlcutiswr eoitn banking system's burden stems principally from de- below).Latei1982,severalcountrieswerenegotiating pressed economic conditions generally and therefore actively with their official and private creditors, and more formal reschedulings or restructuring arrange- from the banks' exposure to their domestic corporate ments are anticipated in 1983. borrowers rather than to sovereign borrowers. met ar. niiatdi 93 This in itself does not mean, however, that all or even a * The steep fall in U.S. interest rates during the sec- majority of developing countries took on too much debt ond half of 1982 and an accompanying decline in other in the 1970s and that international banks were careless key interest rates still leave those rates high in real terms. in lending to them. A number of countries during these Although the cost of debt has eased for major net bor- years did borrow beyond their current debt-servicing rowers, conditions do not yet presage a resumption of capacity; either they have agreed to adjustment pro- heavy borrowing in advance of a recovery in the debt- grams with the IMF, or they have been compelled to servicing capacity of developing economies. Rather, in adjust by market forces. These processes have not been the near-term, they are likely to experience continued confined to developing countries. Market funds dried up diminution of their growth as they make the sacrifices to Italy in 1974, obliging that country to seek a loan necessary to ensure that their debts are serviced. against the collateral of gold from the Federal Republic of Germany, its leading partner in the European Com- munity. Funds from the financial markets simi'arly dried up to the United Kingdom in 1976 until the U.K. estab- Borrowing and Growth lished an adjustment program with the IMF after first securing bridging finance from the Bank for Interna- In 1982, applications for conditional financing were tional Settlements (BIS). The recent provision of similar made to the International Monetary Fund (IMF) by the bridging finance for major developing countries illus- three biggest borrowers from the financial markets trates graphically the extent to which they have become among the broadly defined developing countries: Brazil, integrated into the global system of trade and payments Summary of Debt Relief Agreements, 1979-82 1979 1980 1981 1982 Paris Club agreements Sudan ($373m) Liberia ($30m) C.A.R. ($55m) Madagascar ($115m) Togo ($98m) Sierra Leone ($25m) Liberia ($25m) Malawi ($29m) Zaire ($1,147m) Madagascar ($142m) Romania ($234m)* Senegal ($61m) Senegal ($74m)* Togo ($169m) Sudan ($174m) Uganda ($27m) Uganda ($1Om)* Zaire ($606m) Aid consortia agreements Turkey ($873m) Turkey ($2,600m) Pakistan ($280m) Commercial bank agreements Guyana ($29m) Nicaragua ($582m) Bolivia ($41 lm)* Liberia ($29m)* Jamaica ($149m) Togo ($69m) Jamaica ($103m) Nicaragua ($55m)* Peru ($821m) Zaire ($402m) Nicaragua ($190m) Romania ($1,544m)* Turkey ($2,640m) Sudan ($538m) Senegal ($77m)* Sudan ($95m)* Turkey ($3,100m)* Note: Figures in parenthesis are estimates of amounts rescheduled in U.S. dollar millions based on debtor information; an asterisk (*) denotes an estimate by IMF staff based primarily on creditor information. This summary includes only World Bank member countries. In addition, Poland signed a rescheduling agreement with its official creditors in 1981 for $2,200 million and two agreements with its commercial bank creditors in 1982 for a total of $5,350 million (based on IMF estimates). ix and recognizes that some aspects of their economic prob- Figure 1. Growth of GDP lems now resemble those of industrial, rather than de- in Developing Countries, 1960-90 veloping, countries. The severe world recession of the three years through Low-income Asia 1982, characterized by extremely high real interest 1960-70 rates, a stagnation of world trade, and a sharp fall in raw * 1970-80 material prices, made its impact on nearly all countries, .:0 - 9 0 including those defined as developing. However, it created a debt problem only for some of them. They Low-income Africa have included at one extreme some advanced develop- / ing economies, whose overwhelming dependence on market finance-especially floating interest loans from banks-made them exceptionally vulnerable to a steep rise in the service costs of a fixed element in their bal- Middle-income oil importers ances of payments. At the other extreme, a debt- servicing problem was created for several poorer de- . -'.: veloping countries dependent on the export of one or more raw materials for their foreign exchange earnings. Oil exporters The level of external debt itself, however, has not created a special constraint for the majority of develop- ing countries that fall between those extremes. Their . economic growth is constrained-as is that of all countries-by the downturn of the global economy. All developing countries Some of them borrowed very heavily in the 1970s, and / they might be imprudent (or unable) to run up new debt at the same pace in the 1980s, even after economic adjustment has again made them eligible for fresh credit. In either case, that could make funds available to other Memo: industrial countries developing countries, in which case the flow of finance to developing countries as a group would continue to grow during the coming years, although perhaps less .. rapidly than during most of the 1970s. The developing countries on the whole used borrowed I l I funds productively during the 1970s. During that dec- 0 l 0 2.0 3.0 4.0 5.0 6.0 7.0 ade, the middle-income countries, which include the Percent a year largest borrowers from private markets among the de- veloping economics, performed far better than the ma- ture industrial countries. Their gross domestic invest- expanding volume of borrowing, including a growing ment rose by an annual average of 7.8 percent, up from proportion of market borrowing, which the middle- an average of 7.5 percent in the 1960s. By contrast, that income developing countries were able to absorb while growth rate fell sharply in the mature industrial keeping debt service within limits. For middle-income economies, from an average of almost 5.9 percent to 1.6 oil importers, the average ratio of their total debt service percent a year between the 1960s and 1970s. This was (interest and amortization on medium-term and long- partly because the uncertainties of gathering inflation term debt) to earnings from the export of goods and slowed investment growth; in turn, the resulting lack of services rose only from about 17 percent in 1972 to 19 new capacity and the failure to replace obsolete plant percent in 1980. In 1981, soaring interest payments and equipment contributed to inflation. pushed the total average debt-service ratio of this group The difference between investment trends helps to of countries to about 22 percent. explain why the growth of real gross domestic product in Economic and export growth were especially rapid in the developing countries slowed only from an annual regions where major borrowers from the financial mar- average of 5.8 percent in the 1960s to about 5.6 percent kets are concentrated. In the 1970s, economic growth in the unsettled 1970s, compared with a far greater averaged 8 percent a year in the East Asian and Pacific deceleration of growth in the mature industrial countries area and 6 percent a year in Latin America and the from an annual average of 5.0 percent to 3.2 percent Caribbean. The performance of these regions largely (Figure 1). accounted for the higher growth of developing countries At the same time, real export growth of the middle- (5.6 percent) compared with that of the mature indus- income developing countries held up better during the trial countries (3.2 percent) during this period. Eco- 1970s. Export-led growth was in part a response to an nomic growth was particularly rapid in some of the x largest borrowers, including Brazil (8.4 percent a year) percent in 1972 to -4.3 percent in 1975; it was back to and the Republic of Korea (9.5 percent). 2.0 percent in 1981 (Figure 2). Inflation eroded the real Export growth in real terms was likewise exceptional burden of debt and debt service for borrowers of fixed- for several of these countries in the 1970s; average an- rate debt during much of the 1970s. Increasingly, how- nual growth of merchandise exports from the Republic ever, the major borrowers' debt carries variable interest of Korea was 23 percent a year, for Mexico it was 13.4 rates, which have been very high in recent years. They percent, Chile 10.9 percent, Argentina 9.3 percent, and averaged 5 percent in real terms in 1980-81, and despite Brazil 7.5 percent. This allowed their debt-servicing ca- the substantial fall in nominal dollar rates during the pacity to keep pace with borrowing; however, the debt- second half of 1982, a nominal London Interbank Of- service ratio for medium-term and long-term debt rose fered Rate (LIBOR) of more than 9 percent at that stage to high levels for some of them. By 1981, it had topped still represented a real interest cost to developing 50 percent for Brazil and Chile and was around 35 countries-allowing for spreads-of at least 5 percent. percent for Argentina and Mexico. The ratio remained The continuing high level of real interest rates not- low, however, for many borrowers, including Indonesia withstanding, considerable direct and immediate relief (13.2 percent), the Republic of Korea (13.7 percent), was provided to major net debtors among the develop- Malaysia (7.4 percent), and Venezuela (14.2 percent). ing countries by the large fall in nominal dollar interest rates during the second half of 1982. On the basis of their net liabilities to the international banking system at The Impact of Adjustment mid-1982, as reported by the BIS, the seven-point fall in nominal dollar interest rates during the second half of The determined effort from the autumn of 1979 by the 1982 over a full year would reduce Brazil's and Mexico's net debt-servicing cost by about $3.5 billion each, leading financial powers to adjust through monetary Argentina's by about $1.4 billion, the Republic of restraint transmitted-with a lag-pressures to adjust Korea's by about $1.2 billion, and the cost to Chile, the to other countries. Real economic growth fell sharply Philippines, and Venezuela by more than $500 million in the mature industrial countries from 1980, but, in the each. In the near-term, relief can be expected also from developing countries as a whole, it fell only from the the modest upturn projected for the industrialized following year. economies in 1983 and from the support this upturn Put another way, the leading industrial countries (with some important exceptions) made only a partial adjust- ment to the first "oil shock" of 1973 and were rewarded with only partial success in dampening their inflation, Figure 2. Average Real Interest Rates which, by 1980, was once more back to the levels of on New Borrowings by Developing Countries, 1974-75. Moreover, they failed to regain their prior 1970 -81 growth. During that period of partial adjustment by the leading economies, developing countries and those of A, eastern Europe ran up their external debt at a rapid 10.0 -, \ pace. They were able both to finance large (as a share of their gross domestic product) current-account deficits 80 1 and to increase their reserves, and they did so at negative / / real interest rates in highly liquid financial markets. 6.0 / Industrial country inflation In retrospect, it is apparent that neither borrowing , ,I countries nor the markets foresaw the full consequences 4.0 - of the prompt and determined policy response of nearly JIr J all the leading industrial countries to the second "oil 2.0 - Private sources shock" of 1979 and, above all, of the cumulative impact X 0 /l \ \ P sources of the policies of the United States, Japan, Germany, XL 0 \ and the United Kingdom. The severity of the global % \ \A disinflation of the three years through 1982 and the -2.0 / \Al sources accompanying tightening of the financial markets meant that some large borrowers among the developing coun- -40 - tries and in eastern Europe were unable to maintain full OffiCal sources service on a volume of external debt that both the coun- -60- tries and their creditors regarded as acceptable in the conditions existing when a large part of that debt was l_ l_ l_l_l_l_l_l_l_l contracted. 1970 1971 1972 1973 1974 1975 1976 1977 1978 1979 1980 1981 A major factor in this was the dramatic movements in A major factor in this was the dramatic movements in Ni.'t: Interest rat es are averages weighted by new borrowings in al Icurrencies. converted to U.S. interest rates. For developing countries' borrowing from dollars at average annoal exhange rates. Real imerest rates are obtained bv deflating nominal all sources, the average real interest rate fell from 3.6 rates by the GDP-SDR deflator for industrial countries. xi would provide for world prices of oil and other raw Over the medium to long run, however, the outlook materials and for the exports of the advanced develop- for official and private flows to developing countries will ing, or newly industrializing, countries. depend on the extent to which somewhat easier mone- The combination of these trends, the fall in nominal tary policies can be maintained in the major industrial interest rates to levels that are expected to endure-or countries without compromising the objective of a re- even fall further-through 1983, and the adjustment turn to sustainable economic growth. The speed and programs undertaken by several developing countries strength of global economic recovery will determine the promise a stabilization of their current-account deficits severity and duration of the continuing adjustment re- in 1982 and a decline (on provisional World Bank pro- quired of countries whose earlier expectations of rising jections) of up to $20 billion in their deficits in 1983. debt-servicing capacity were disappointed by the pro- There was already a substantial contraction in the longed global recession. current-account deficits of oil-importing countries in 1982; the preliminary estimate of $68 billion (excluding official transfers) compares with an $80 billion deficit Recent Trends and Prospects recorded in 1981. For all developing countries in 1982 there was little Because debt is a problem for individual countries change from the record $119 billion deficit in 1981 rather than a problem that is, or threatens to become, (Figure 3) because the oil exporters' joint deficit widened generalized, global data serve merely as a starting point by $11 billion-from $39 billion to $50 billion. The for indicating trends in the volume of new lending and projected contraction in 1983, together with the as- changes in the structure and terms of debt that have sumption of only a modest rebuilding of reserves, if any, influenced individual borrowing countries and groups of in a climate of still high real interest rates and greater countries in different ways. caution on the part of banks and borrowers, implies a There has been a distinct slowing in the accumulation reduction in the real net financing required from private of medium-term and long-term (MLT) debt since 1978 lenders. on the part of the countries covered by the tables in this volume. Their debt rose an average of about 21 percent a year in the eight years through 1978 and by about 24 percent a year in 1977-78, when many countries used Figure 3. Balance of Payments Estimates liquid markets to build up their reserves. But by 1981, for AllevelpingCounries197-8when debt rose to $462 billion, the growth rate had 120 slipped to 14 percent. (For the expanded country Reserve drawdowns coverage in the World Development Report, these fig- 100 _ ures would imply debt of $483 billion in 1981, broadly consistent with an OECD estimate-based on an even 80 - wider range of countries-of $530 billion in that year.) Arise of about 15 percent to approximately $530 billion 60 - is provisionally estimated for 1982, and, on a continua- tion of recent policies and trends, a further increase of 40 - about 15 percent is projected for 1983, which would take the total to more than $600 billion. 20 - More important is the much faster rate at which debt Current account deficit service has risen, reflecting a continuation of the shift * 0ci o . toward a greater proportion of market financing on 99 _ lvet~~~~~~~~~~~~~. of fieial transfe,s harder terms by developing countries as a group, as well 20 Ntdnves-renr as the rise of real and nominal interest rates. To some Private net Ml l Official net MLT loans extent, those trends are obscured by the raw data. Total 40 i :.::::.:-:. _c::....:.;.. ...debt service rose steeply in 1978 and 1979 (before the surge in interest rates) because several countries refi- 60 nanced part of their debt on more favorable terms in those two years: as a result, principal repayments (amor- 80 _ tization) rose sharply. Amortization then stabilized in 1980-81 because of the enlarged proportion of new debt 100 Other capital - in the total, thus blurring to some extent the sharp rise in interest payments. 120 I I I I I In all, interest payments rose by an average of more 1975 1976 1977 1978 1979 1980 1981 than 40 percent a year in 1978-80 before slowing to an increase of 29 percent in 1981. Some stabilization Nore: Data are for all countries in the World Developmenr Report. this tncludes countries that of ol 6 is Some forb1982an do not report under the Debtor Reporting System and are excluded from the World Debt (growth of only 6 percent) is estimated for 1982 and Tables. projected for 1983. But the relief has not been as great as xii Recent Trends in Debt: Summary Tables Some of the more important trends disclosed in this payments combined with the disinclination to borrow edition of World Debt Tables are put into sharper focus heavily at high costs were the cause. Net transfers were in the following summary tables. They show, among cut by half, to $10 billion in 1980, for the 13 major much else, that: borrowers that account for about two-thirds (some $300 billionin 1981) of the MLTdebt; even aftera strong * The growth of debt outstanding and disbursed to all recovery to $ 16 billion in 1981, they were still 25 percent reporting countries slowed sharply from about 24 per- below the peak of 1978. In the case of the 22 low-income cent a year in 1977-78 to only 14 percent by 1981. That African countries accounting for only about 4 percent of distinct slowing in the accumulation of new medium- MLT debt, net transfers from foreign borrowing rose 23 term and long-term (MLT) debt by the developing coun- percent a year in nominal terms during 1979 and 1980 tries principally reflects more cautious borrowing by the but fell by 28 percent in 1981. public sectors of many countries; private borrowers con- tinued to run up liabilities to international lenders at a * During 1978-81, interest payments rose no less somewhat faster pace than their governments and offi- than $10 billion (170 percent) for the three biggest cial agencies. Not shown in the tables but noteworthy in borrowers and by nearly $18 billion (165 percent) for this regard were new commitments to public borrowers the 13 biggest. Even poorer African countries, whose from financial markets, which at $50 billion in 1981 external debt is on generally softer terms, experienced were only 12 percent above the $45 billion borrowed in an average growth of 27 percent a year in their interest 1978. payments between 1976 and 1980 before these pay- ments stabilized (at $477 million) in 1981. Mainly as a * Also striking is the fact that net transfers to all result of the sharp rise in interest service, total debt developing countries through foreign borrowing service rose more than 70 percent to $83 billion for all stopped growing in 1978 and by 1981 were 18 percent reporting countries between 1978 and 1981 and by a below their peak, even in nominal terms. The contrac- simnilar proportion, to $58 billion, for the 13 biggest tion accelerated as interest rates rose; rising interest borrowers combined. Financial Flows on Public and Private Medium-term and Long-term Debt, 1972-82 Item 1972 1977 1978 1979 1980 1981 1982a All developing countriesb Disbursements 21.4 61.4 80.7 94.3 94.7 110.0 119.0 Amortization 8.5 22.0 32.4 39.8 39.7 43.5 52.0 Interest 3.4 11.1 15.5 22.5 30.7 39.6 42.0 Total debt service 12.0 33.1 47.9 62.3 70.4 83.1 94.0 Net transfersc 9.4 28.2 32.8 32.0 24.3 26.9 25.0 Debt-service ratio 17.2 15.6 20.1 19.9 17.9 19.7 n.a. Major borrowersd Disbursements 14.8 39.9 53.4 62.8 59.7 73.7 n.a. Amortization 5.6 15.5 21.9 28.8 27.9 29.7 n.a. Interest 2.2 7.7 10.7 15.7 21.4 28.4 n.a. Total debt service 7.8 23.2 32.6 44.6 49.4 58.1 n.a. Net transfersc 7.0 16.7 20.8 18.2 10.4 15.6 n.a. Debt-service ratio 23.5 22.1 27.1 28.6 25.4 27.7 n.a. Low-income Africae Disbursements 0.8 2.1 2.4 2.9 3.6 3.1 n.a. Amortization 0.2 0.3 0.4 0.4 0.6 0.8 n.a. Interest 0.1 0.2 0.3 0.3 0.5 0.5 n.a. Total debt service 0.3 0.6 0.7 0.8 1.1 1.3 n.a. Net transfersc 0.5 1.5 1.7 2.1 2.5 1.8 n.a. Debt-service ratio 7.6 7.1 7.8 7.0 7.6 9.5 n.a. Three biggest borrowersf Disbursements 7.1 18.9 27.5 30.1 27.8 39.6 n.a. Amortization 2.7 8.0 12.6 15.9 13.4 14.0 n.a. Interest 1.1 4.2 6.0 9.0 12.3 16.2 n.a. Total debt service 3.9 12.1 18.6 24.9 25.7 30.2 n.a. Net transfersc 3.3 6.8 8.9 5.2 2.1 9.4 n.a. Debt-service ratio 36.4 42.6 55.2 56.6 43.4 43.8 n.a. Note: Figures may not add due to rounding. c. Disbursements minus total debt service. n.a. Not available. d. Figures include data for 13 countries with debt at the end a. Estimated. of 1981 exceeding $12 billion. b. Figures include data for 98 countries. e. Figures include data for 22 countries. f. Figures include data for Argentina, Brazil, and Mexico. Xlll Public and Private Medium-term and Long-term Debt, 1972-82 Item 1972 1977 1978 1979 1980 1981 1982a All developing countriesb US$ billion Debt disbursed and outstanding 90.7 240.0 298.7 352.3 404.5 461.9 529.0 Private sourcesc 46.3 140.4 179.7 217.9 498.0 293.4 346.0 Public credits from financial markets 14.3 74.7 103.3 132.2 154.4 179.6 n.a. Percentage change Debt disbursed and outstanding 17.3 22.8 24.5 17.9 14.8 14.2 14.5 Private sourcesc 21.8 25.4 28.0 21.3 14.6 17.5 17.9 Public credits from financial markets 36.2 36.1 38.3 28.0 16.8 16.3 n.a. Percentage shares Share of total debt disbursed and outstanding Public credits from financial markets 15.8 31.1 34.6 37.5 38.2 38.9 n.a. Public credits at floating interest rates 4.9 19.7 22.2 26.1 27.4 29.8 n.a. Major borrowersd US$ billion Debt disbursed and outstanding 59.3 156.3 195.1 229.0 260.1 299.8 345.0 Private sourcesc 31.5 99.5 .128.8 156.3 178.2 212.6 250.0 Public credits from financial markets 9.9 53.5 73.9 94.5 108.6 127.0 n.a. Percentage shares Share of group's debt disbursed and outstanding Public credits from financial markets 16.7 34.2 37.9 41.3 41.8 42.4 n.a. Public credits at floating interest rates 5.9 22.8 25.5 30.4 31.7 34.1 n.a. Group's debt disbursed and outstanding as a share of total developing country debt 65.4 65.1 65.3 65.0 64.3 64.9 65.2 Low-income Africae US$ billion Debt disbursed and outstanding 3.8 11.5 13.9 16.5 18.6 20.5 23.0 Private sourcesc 1.1 3.9 4.8 5.3 4.9 5.1 5.5 Public credits from financial markets 0.4 2.0 2.7 3.0 3.1 3.7 n.a. Percentage shares Share of group's debt disbursed and outstanding Public credits from financial markets 10.5 17.4 19.4 18.2 16.7 18.0 n.a. Public credits at floating interest rates 4.4 6.8 6.0 6.0 5.8 6.5 n.a. Group's debt disbursed and outstanding as a share of total developing country debt 4.2 4.8 4.7 4.7 4.6 4.4 4.3 Three biggest borrowers' US$ billion Debt disbursed and outstanding 22.9 68.7 86.5 99.9 114.3 138.9 n.a. Private sourcesc 18.3 59.3 75.6 88.1 101.1 124.4 n.a. Public credits from financial markets 5.6 35.2 47.5 57.9 66.2 79.5 n.a. Percentage shares Share of group's debt disbursed and outstanding Public credits from financial markets 24.5 51.2 54.9 58.0 57.9 57.2 n.a. Public credits at floating interest rates 11.0 36.1 40.1 45.5 46.9 49.1 n.a. Group's debt disbursed and outstanding as a share of total developing country debt 25.2 28.6 29.0 28.4 28.3 30.1 n.a. Note: Figures may not add due to rounding. n.a. Not available. a. Estimated. b. Figures include data for 98 countries. c. Private-source debt includes a small unidentifiable amount of debt owed to official creditors by private debtors. d. Figures include data for 13 countries with debt at the end of 1981 exceeding $12 billion. e. Figures include data for 22 countries. f. Figures include data for Argentina, Brazil, and Mexico. xiv might appear at first sight: the slower rate of world offsetting (mainly short-term) claims on the interna- inflation and, above all, the fall in the prices of exports of tional banking system. Gains by creditors in these coun- raw materials have increased the cost of servicing debt tries largely offset the rise in debt service paid by their (in terms of the transfer of real resources from debtors to borrowers. Other countries have periodically been net creditors). Even the large drop in nominal interest rates creditors to the banking system, and they could have in 1982 did not fully compensate many borrowing coun- gained when real interest rates rose. Among these coun- tries for the still bigger decline, since 1980, in their tries are: China, Colombia, India, Indonesia, Jordan, export prices. Malta, Trinidad and Tobago, and both Yemens. Banks The change in the structure and terms of debt out- tend to regard offsetting deposits as one indication of a standing and disbursed is underscored by several indi- borrowing country's capacity for servicing debt, rather cators in the main tables (beginning on page 2). The than as collateral, because deposits are not always in the proportion of public and publicly guaranteed MLT debt same jurisdiction as liabilities. owed to private creditors rose from 35 to 54 percent between 1972 and 1981, while the proportion of public debt at variable interest rates rose during that period from a mere 7 percent to more than 37 percent. Includ- ing private nonguaranteed debt, between 45 and 50 Bank Lending percent of total MLT debt carried floating interest rates in 1981. The grant element in MLT loans from official More generally, bank lending to developing countries creditors fell steadily from more than 40 percent to continued to grow through 1981, partly because of the about 24 percent in the nine years to 1981, and the much profitability of this wholesale business (in spite of the smaller grant element in loans from private creditors pressure on lending spreads from 1977 to 1981) and vanished after 1978. The interest rate on new commit- partly because of the slack domestic loan demand in the ments from private creditors doubled from 7.3 to 14.7 major industrial countries. But at $48 billion in 1981, percent, and the average interest on all new commit- public borrowing from the commercial banks was still ments to public borrowers rose during the period from below its peak of $52 billion in 1979. Borrowing growth 5.6 to 11.7 percent. was sustained in this period by the private sectors of On more recent estimates, the current interest cost of developing countries, which recorded strong increases in floating-rate loans had risen to 17.5 percent a year by outstanding liabilities to the banks in 1981. Private bor- 1982 and of fixed-interest lending to 8 percent. Even rowing rose strongly, in particular, in Argentina, Brazil, allowing for the impact of the different currency compo- Chile, and Mexico. sition of these borrowings, the rise in the cost of Total bank lending to developing countries may have floating-rate debt was much bigger. And it has a far fallen in 1982. New Eurocredit lending to oil-importing greater impact because it increases the costs of all such developing countries contracted for the first time, to debt outstanding after a lag of about six months; rising about $30 billion, after an unchecked rise from less than rates for fixed-interest debt influence only the cost of $1 billion to almost $40 billion from 1971 to 1981. This new loans. By the same token, however, the recent eas- decline (partly offset by some growth in short-term lend- ing of short-term interest rates will provide, from late ing at up to one year) was due in part to the approximate 1982, the considerable relief in servicing costs already stabilization of the developing countries' combined discussed. current-account deficits and low reserve accumulation. Since late 1979, trends in interest rates have affected The narrowing of payments imbalances, partly resulting countries with large floating-rate obligations in two re- from the prolonged recession, seems the main reason, lated ways. The persistence of high, real, dollar interest also, why new publicized Eurocredit lending to all bor- rates, even after mid-1982, obviously increased the real rowers (including industrialized countries) slowed in cost of their debt service. In addition, the extreme vol- 1982 for the first time since 1975. atility of interest rates (as well as exchange rates) com- The growing caution attributed to international banks plicated debt management both for borrowing countries was expressed in a greater differentiation of terms to and their creditors. The dual impact has fallen not only borrowers and the resort to a wider spectrum of lending on countries with a large share of developing countries' techniques (such as the use of the sterling-acceptance floating-rate debt (Brazil, Mexico, Argentina, the Re- market for medium-term syndicated international public of Korea, Chile, and the Philippines) but also on financing), as well as to the well-publicized difficulties of smaller borrowers that nevertheless have relatively large some major market participants. The difference be- amounts of floating-rate debt (Peru, Morocco, Jamaica, tween the average spread on new publicized Eurocredits and the Ivory Coast). Even some low-income borrowers to OECD borrowers on the one hand, and to all develop- (Malawi and Zaire) have been affected. ing countries on the other, widened progressively from a However, every coin has another side. According to wafer-thin 17 basis points (0.17 percent) in the second data compiled by the sIS on the assets and liabilities of its half of 1979 to 62 basis points by the third quarter of reporting banks, some major borrowing countries, such 1982. The latter spread represented the widest differ- as Malaysia, Indonesia, and Venezuela have substantial ential since the final quarter of 1977. xv In addition to the widening between average spreads "nonperforming loans" (that is, loans for which servic- on new syndicated bank loans to industrial and develop- ing has been interrupted) and the increased provisions ing countries, there was greater differentiation in terms against bad and doubtful loans made by most large banks to individual sovereign borrowers within both in the leading financial centers in 1981 and 1982 re- categories. Greater differentiation and a generalized sulted mainly from their domestic rather than their hardening of terms in the syndicated international bank cross-border exposure. A major British bank referred loan market in 1982 reflected growing caution on the recently to the growing number of its corporate custom- part of banks and their need for increased provisions ers in "intensive care," and a leading New York invest- against interruptions of full service on some of their ment bank attributed the rise in the volume of nonper- cross-borderlending. Someborrowersreactedbypaying forming assets of 35 leading U.S. banks mainly to higher management and participation fees to hold down domestic energy-related credits and "sub-quality loans rises in their more publicized borrowing spreads, while to contractors and real estate developers," although it others continued to take short-term funds rather than added that U.S. bank loans to Mexico might add to the contract new medium-term credits at wider spreads. total of nonperforming assets from the final quarter of 1982. Undeniably, banks have been affected by the inter- Role of the Banking System ruption of full debt service on the part of some very large sovereign borrowers, and this is true especially of some In the past dozen years, during which the markets U.S. banks with extensive exposure in Latin America have played a growing role in moving funds from surplus and some western European banks similarly exposed to to deficit countries, they have provided development borrowers in eastern Europe. But these interruptions capital, which has succeeded, in many cases, in helping are only one factor, and not the most important one, borrowing countries to raise their growth and to increase contributing to the strain on the international banking their net foreign exchange earnings. In addition, the system, which has helped a rising number of domestic markets have acted informally to provide "time, but not and international borrowers through a steep, three-year time to waste" -the expression applied by the IMF to its global recession. For some banks, pressure on their lending. In that sense, the markets have given borrowers liabilities has compounded pressure on their assets. among both the industralized and developing countries Banks perceived by the markets to be carrying large opportunities for orderly and timely economic adjust- amounts of nonperforming or dubious loans have en- ment. In extremity, however, the markets impose ad- countered, in some cases, greater difficulty in obtaining justment on countries that are deemed to have reached funds at the finest rates in the interbank market and or exceeded their debt-servicing capacity and then through the issue of short-term instruments by which monitor adjustments until borrowers are once more banks fund themselves. deemed creditworthy. The markets perform a useful role The claims of the banking system on the developing in each of these respects, but it is the enforcement of countries (as measured by data from banks reporting to adjustment that has recently gained most prominence. the BIS) represented no more than 6 percent of the Moreover, through the large increase in their cross- system's total assets at the end of 1981. In that respect border lending since the beginning of the 1970s, interna- alone, the interruption of full service by some borrowing tional banks have come to play a central role in the countries has not been critical for the system as a whole, success of countries' adjustment. This role gives the even though it has imposed a special burden on some banking system a strong self-interest in helping debtor banks. There is, moreover, a critical difference between countries through a liquidity crisis and, once sovereign and other lending in that countries, unlike creditworthiness has been reestablished, in providing companies, cannot file for bankruptcy. They do not re- capital for economic development for the longer term. pudiate debt, so long as they need to trade with the rest One comforting aspect of the current situation is that the of the world. The only significant exceptions of the 20th major borrowers that have interrupted full debt service century to date were debt repudiations after 1917 and have diversified economies amenable to adjustment. By 1949 on the part of countries that chose to withdraw contrast, smaller primary producers that have resched- from the world community for a time or felt excluded uled external debt, mostly owed to official creditors or from it. carrying official guarantees, have less room for ma- Arguably, an interruption of sovereign debt service neuver. Indeed, some of them face severe structural leaves banks worse off in the short run because they problems, and their adjustment can be achieved only cannot recoup even a part of their claims by liquidation over time. of the borrowers. But, over the medium term, they are less damaged once full service is resumed, usually at penalty rates designed to compensate lenders at least Rescheduling partially for previous interruptions of full debt service. Experience shows that countries that have run into dif- A fact insufficiently appreciated by critics of lending ficulties have no alternative but to adjust their to developing countries is that the growing volume of economies and that they are able to reattract capital xvi once the markets have been assured that adjustment has view of the external indebtedness of developing coun- been sufficient to restore creditworthiness. There is no tries, at least as it impinges on the international banking reason to think that this fundamental truth has changed. system. The payments problems of the developing coun- In existing circumstances, however, a restoration of tries are only one of the many factors causing difficulty creditworthiness can be difficult to engineer; this diffi- for banks; excepting a few major borrowers, these prob- culty has characterized nearly all recent restructurings of lems pose no threat to the stability of international fi- debt to official creditors through the "Paris Club" and nancial intermediation. And even for the major borrow- some of the reschedulings arranged with commercial ers experiencing payments difficulties, negotiations now banks. If the terms agreed upon are too lax, they do not underway with commercial banks and the IMF promise provide sufficient inducement for adjustment by the an early resumption of full servicing of external borrowers or for continued lending by creditors; if they liabilities. are too harsh, they cannot be met and merely lead to This positive tone does not extend to the internal another round of negotiations. The appropriate com- situation of developing countries. For many of them, the promise between the extremes is difficult to find, and costs of securing payments to creditors are very high; the often it has eluded the negotiators of sovereign debt sacrifices in foregone growth are major. The require- restructurings. Yet the mutual interests of beleaguered ments of external debt servicing in the current interna- countries and their creditors clearly are served by re- tional economic environment are contractionary scheduling terms that realistically promise the earliest policies, resulting in growth rates now so low as to be possible return to creditworthiness. A sobering feature unacceptable for more than a very short period of of more than 60 debt restructurings between 1972 and stabilization. 1982 is that fewer than 30 countries have been involved, Unfortunately, servicing external debt will continue and among them are a number for which a succession of as a major restraining influence on the growth of many reschedulings has failed to reestablish creditworthiness. developing countries in 1983. Some respite is promised by a mild recovery of growth in industrial economies and in world trade, and this should permit an abatement of debt-servicing difficulties for many developing countries A View to 1983 by the end of this year. For most of these countries, however, another year of poor growth is probable; a Because the underlying analysis is dispassionate, the resumption of strong growth in an easier borrowing en- preceding discussion presents an unfashionably positive vironment seems unlikely before 1984. Sources and Definitions THE PRINCIPAL SOURCES OF INFORMATION for World visited members to gather data and to provide technical Debt Tables are reports received by the World Bank assistance on debt issues. through its Debtor Reporting System (DRS) from de- veloping countries that have received either Interna- tional Bank for Reconstruction and Development Definition of External Debt (IBRD) loans or International Development Association (IDA) credits. Additional information has been drawn External debt is defined as debt that has an original or from the files of the World Bank and the International extended maturity of more than one year, which is owed Monetary Fund (IMF). to nonresidents and repayable in foreign currency. Reporting countries submit detailed (loan-by-loan) goods, or services. A distinction is made between reports to the DRS on the annual status, transactions, and * Public debt, which is an external obligation of a terms of the external debt of public agencies and that of public debtor, including the national government, a private ones guaranteed by a public agency in the debtor political subdivision (or an agency of either) and au- country. This information forms the basis of the tables in tonomous public bodies; and this document. Aggregate data on private debt without public guaran- * Publicly guaranteed debt, which is an external obli- tee are being compiled and published as reliable infor- gation of a private debtor that is guaranteed for repay- mation becomes available. This edition of World Debt ment by a public entity. Tables includes private nonguaranteed debt reported by Private nonguaranteed external debt is defined as an 18 developing countries. For an additional 25 countries, external obligation of a private debtor that is not guaran- for which private nonguaranteed debt is not reported but teed for repayment by a public entity. is considered globally significant, estimates by staff of The tables showing public and publicly guaranteed the Bank's External Debt Division are included in the debt do not include data for: (a) transactions with the regional totals. IMF with the exception of Trust Fund Loans, (b) debt The data received from debtors are checked with, and repayable in local currency, (c) direct investment, and supplemented by, data from several other sources. (d) short-term debt (that is, debt with original maturity Among these are the statements and reports of several of less than a year). regional development banks and government lending The tables on private nonguaranteed debt also ex- agencies, as well as the reports received by the World dude these items, but they include contractual obliga- Bank under the Creditor Reporting System (CRS) from tions on loans to direct-investment enterprises by the members of the Development Assistance Commit- foreign parent companies or their affiliates. tee (DAC) of the Organisation for Economic Co- operation and Development (OECD). Despite every effort to ensure the accuracy and com- Reporting Countries pleteness of the statistics, their quality and coverage vary between debtors and from year to year. Coverage has The reporting countries included in this edition of been improved by the efforts of the reporting agencies World Debt Tables are those for which data allow a and by the work of World Bank missions, which have reliable presentation of debt outstanding and future ser- xvii xviii vice payments as of the end of 1981. Exceptions are * Debt outstanding, including undisbursed, is the made for countries that are, or have been, important sum of disbursed and undisbursed debt and represents borrowers in their regions. There are 101 countries re- the total outstanding external obligations of the bor- porting public and publicly guaranteed debt that qualify, rower at year-end. and 18 of them report private nonguaranteed debt. Data * Debt outstanding, disbursed only, is total outstand- for Afghanistan, Iran, and Iraq are available only ing debt drawn by the borrower at year-end. through 1978; they are excluded from the total for all countries and from the regional and other aggregates. * Commitments are the total of loans for which con- The income groupings in this document are: Low- tracts were signed in the year specified. income Africa, Low-income Asia, Middle-income oil * Disbursements are drawings on outstanding loan importers, and Oil exporters. Major borrowers are coun- commitments during the year specified. tries with disbursed and outstanding debt estimated at more than $12 billion in 1981. The geographic group- * Service payments are actual repayments of princi- ings are: Africa, south of the Sahara; East Asia and pal (amortization) and interest payments made in Pacific; Latin America and the Caribbean; North Africa foreign currencies, goods, or services in the year and the Middle East; South Asia; and More developed specified. Projected service payments are estimates of Mediterranean. The countries in each geographic and payments due on the existing debt outstanding, includ- income group are listed under "Groups of Reporters." ing undisbursed.' They do not include projections of service payments that may become due as a result of new loans contracted in subsequent years. Nor do they allow Categories of Creditors for the effects on service payments of changes in repay- ment patterns due to prepayment of loans or to future Data from individual reporters are aggregated by type rescheduling or refinancing, including repayment of out- of creditor. The breakdown is as follows: standing arrears. * Official creditors. Debt from official creditors com- * Net flows (or net lending) are disbursements minus prises: principal repayments. a. Loans from international organizations (mul- * Net transfers are net flows minus interest payments tilateral loans). Loans and credits from the World Bank, regional development banks, and other multilateral and intergovernmental agencies. Excluded are loans from funds administered by an international organization on behalf of a single donor government; such loans are Private Nonguaranteed Debt classified as loans from governments. The tables for private nonguaranteed debt show the b. Loans from governments (bilateral loans), basic data presented for public and publicly guaranteed Loans from governments and their agencies (including debt, except that debt outstanding, including undis- central banks), and loans from autonomous public bursed, and commitments are omitted because commit- bodies. ments in the year specified are unknown. Projected * Private creditors. Debt from private creditors com- debt-service payments are estimates prepared by the prises loans from: reporting agencies. a. Suppliers. Credits from manufacturers, export- ers, or other suppliers of goods. b. Financial markets. Loans from private banks Average Terms of Commitments and other private financial institutions as well as publicly issued and privately placed bonds. The average terms of borrowing are given for all new c. Other. External liabilities on account of loanscontractedduringtheyearandseparatelyforloans nationalized properties and unclassified debts to private from official and private creditors. To obtain averages, creditors. the interest rates, maturities, and grace periods of loans For private nonguaranteed debt, contractual obliga- in each category have been weighted by the amounts of tions of a direct-investment enterprise to a foreign par- the loans. The grant equivalent of a loan is its commit- ent company or its affiliate are shown separately, when ment (present) value, less the discounted present value these data are reported. of its contractual debt service; conventionally, future service payments are discounted at 10 percent. The grant element of a loan is the grant equivalent expressed Public and Publicly Guaranteed Debt as a percentage of the amount committed. It is used as a The tables present the following basic data on external 1. Projected interest payments on variable-rate loans use end- 1981 public debt: market rates. xix measure of the overall cost of borrowing. Loans with a * Debt outstanding and disbursed to exports of goods grant element of 25 percent and above are defined as and all services (DOD/XGS) concessional. The average grant element also has been * Debt outstanding and disbursed to gross national weighted by the amounts of the loans, product (DOD/GNP) * Total debt service to exports of goods and all ser- Major Economic Aggregates vices (TDS/XGS)-the debt-service ratio * Total debt service to gross national product (TDS/ The following major aggregates of the reporting GNP) economies are provided: * Interest payments to exports of goods and all ser- * Gross national product (GNP) is the measure of the vices (INT/XGS)-the interest-service ratio total domestic and foreign output claimed by residents of an economy, less the domestic output claimed by nonres- * Interest payments to gross national product (INT/ idents. It is calculated without making deductions for GNP) depreciation.2 * International reserves to debt outstanding and dis- * Exports of goods and services (XGS) are the total bursed (RES/DOD) value of goods and all services (including workers' remit- * International reserves to imports of goods and ser- tances) sold to the rest of the world.3 vices (RES/MGS). * Imports of goods and services (MGs) are the total Gross national product is net of interest payments value of goods and all services purchased from the rest of and, for some purposes, gross domestic product (GDP) the world.3 would be a better measure of the capacity of an economy * International reserves (RES) are the sum of a coun- to service its debt. For many countries, however, remit- try's holdings of Special Drawing Rights (SDRs), its re- tances from nationals working abroad are a considerable serve position in the IMF, its holdings of foreign ex- part of the GNP and foreign exchange earnings. To omit change, and its holdings of gold (valued throughout at them, as GDP requires, would understate substantially year-end London prices).3 the capacity for debt service. Similar comments apply to the use of exports, including all (rather than only nonfac- All data for flows are converted from national curren- tor) services. cies to U.S. dollars using average official exchange rates for the appropriate years. Memoranda Principal Ratios Two characteristics of the debt situation are given for public debt outstanding and disbursed. These macroeconomic aggregates and the debt data * The proportion that is on concessional terms. This provided in the tables are used to generate ratios that item conveys information about the extent of the bor- analysts find useful in assessing the external situations of rower's dependence on aid from official lenders. developing countries. Different analysts will give differ- * The proportion that carries variable interest rates ent weights to these indicators; but no single indicator, (that is, interest rates that float with movements in a key or set thereof, can substitute for a thorough analysis of market rate: for example, the London interbank offered the overall situation of an economy. The deficiencies of rate (LIBOR) or the U.S. prime rate). This item conveys individual indicators are well documented see, for ex- information about the extent of a borrower's depen- ample, World Debt Tables 1980, page xii). The advan- dence on capital from the international financial mar- tage of this 1982-83 edition of World Debt Tables is kets. that users have a comparable set of indicators produced from standardized data series that are compiled on a Also shown as a memorandum item is the " Use of IMF consistent basis within the World Bank and the IMF. credit." This measures the net use by a member of its The ratios offer various measures of the cost of, or conditional drawing rights in the IMF. It shows repur- capacity for, servicing debt in terms of the foreign ex- chase obligations to the IMF with respect to all uses of IMF change or output forgone. The following ratios are resources, excluding the reserve tranche and the IMF provided: Trust Fund. It comprises purchases outstanding under the credit tranches, including enlarged access resources, and all of the special facilities (the buffer stock, compen- 2. Data on gross national product are from the data bank of the satcry fi n s lementar financi, andpoil Economic Analysis and Projections Department. satory financng, supplementary financing, and oil 3. Data on exports, imports, and international reserves, on a facilities). Trust Fund loans are included in the DRS on a balance-of-payments basis, are from the files of the IMF. loan-by-loan basis. xx Exchange Rates Adjustments Debt data received by the Bank from its members are Year-to-year changes in disbursed and outstanding expressed in the currencies in which the debts are repay- debt are sometimes not equal to net flows; similarly, able or in which transactions took place. For aggrega- changes in debt outstanding, including undisbursed, tion, the Bank converts these amounts to U.S. dollars differ from commitments less repayments. The reasons using the IMF par values or central rates, or, where ap- for these differences are cancellations and adjustments propriate, the current market rates. Service payments, caused by the use of different exchange rates. commitments, and disbursements (that is, flows) are converted to U.S. dollars at an average rate for the year. Debt outstanding at the end of a given year (that is, a Symbols stock) is converted at the rate in effect at the end of that year. Projected debt service is converted to U.S. dollars The following symbols have been used throughout: at end-1981 rates. However, debt repayable in multiple 0.0 Indicates that a datum exists, but in rounding is currencies, goods, or services and debt with a provision set equal to zero. for maintenance of value of the currency of repayment - Indicates that a datum is zero. are shown at book value. Indicates that a datum is not available. Groups of Reporters Classification by Income Groups Low-income Africa Low-income Asia Middle-income oil importers Benin, People's Republic of Afghanistan Argentina Lesotho Burundi Bangladesh Bahamas Liberia Central African Republic Burma Barbados Malta Chad India Bolivia Mauritania Comoros Maldives Botswana Mauritius Ethiopia Nepal Brazil Morocco Gambia, The Pakistan Cameroon Nicaragua Ghana Sri Lanka Chile Panama Guinea Colombia Papua New Guinea Madagascar Costa Rica Paraguay Malawi Cyprus Philippines Mali Oil exporters Djibouti Portugal Niger Dominican Republic Senegal Rwanda Algeria El Salvador Seychelles Sierra Leone Congo, People's Rep. of Fiji Singapore Somalia Ecuador Greece Solomon Islands Sudan Egypt, Arab Republic of Guatemala Swaziland Tanzania Gabon Guyana Thailand Togo Indonesia Haiti Turkey Uganda Iran Honduras Uruguay Upper Volta Iraq Hong Kong Western Samoa Zaire Mala Israel Yemen, Arab Republic of Nexico Ivory Coast Yemen, People's Dem. Rep. Nigeria Jamaica Yugoslavia Oman Jordan Zambia Peru Kenya Zimbabwe Syrian Arab Republic Korea, Republic of Trinidad and Tobago Lebanon Tunisia Venezuela xxi xxii Classification by Geographic Region Africa, South of the East Asia and Pacific Latin America and North Africa and Sahara Fiji (E) the Caribbean the Middle East Benin, People's Republic of Hong Kong (A) Argentina (P) Algeria (E) (A) Indonesia (A) Bahamas (A) Egypt, Arab Republic of Botswana (A) Korea, Republic of (P) Barbados (A) (E) Burundi (A) Malaysia (A) Bolivia (E) Iran (*) Cameroon (A) Papua New Guinea (A) Brazil (P) Iraq (*) Central African Republic Philippines (A) Chile (A) Jordan (E) (A) Solomon Islands (P) Colombia (P) Lebanon (A) Chad (E) Singapore (A) Costa Rica (A) Morocco (E) Comoros (A) Thailand (A) Dominican Republic (P) Oman (E) Congo, People's Republic Western Samoa (P) Ecuador (A) Syrian Arab Republic (A) of (A) El Salvador (A) Tunisia (E) Djibouti (A) Guatemala (A) Yemen, Arab Republic of Ethiopia (E) Guyana (A) (A) Gabon (E) Haiti (A) Yemen, People's Gambia, The (P) Honduras (A) Democratic Republic of Ghana (E) Jamaica (A) (E) Guinea (A) Mexico (P) Ivory Coast (P) Nicaragua (A) South Asia Kenya (P) Panama (A)Afhnsa ) Lesotho (E) Paraguay (A) Afghanistan (*) Liberia (P) Peru (P) Bangladesh (A) Madagascar (E) Trinidad and Tobago (P) Burma (P) Malawi (P) Uruguay (A) India (P) Mali (P) Venezuela (E) Maldives (A) Mauritius (P) Pakistan (A) Niger (A) Sri Lanka (A) Nigeria (A) Rwanda (A) More Developed Senegal (P) Mediterranean Seychelles (A) Sierra Leone (A) Cyprus (A) Somalia (A) Greece (A) Sudan (E) Malta (E) Swaziland (A) Portugal (P) Tanzania (E) Turkey (A) Togo (A) Turkeyvi (A) Uganda (E) Ygsai P Upper Volta (A) Zaire (E) Zambia (A) Zimbabwe (E) Note: Status of 1981 data in tables (A) - Actual (E) - Estimated (P) - Preliminary (*) - Not available; historical series shown in country pages are through 1978. Debt Tables Notes to Users Fund. Data for gross national product, also stan- dardized, are taken directly from the files of the Eco- NOT ALL COUNTRIES ARE CURRENT in their debt report- nomic Analysis and Projections Department, the World ing (for their status see Groups of Reporters); where Bank. The exchange rates used to convert all mac- possible, World Bank staff members have made esti- roeconomic aggregates to U.S. dollars are the official mates for data that are incomplete. As firm data are exchange rates reported by the International Monetary reported, revisions and available 1982 data will be in- Fund as line rf in the International Financial Statistics. cluded in the World Debt Tables-Supplements, pub- The principal ratios shown in this volume pertain to lished up to three times a year. medium- and long-term public debt only. For countries To maintain cross-country comparability, data for ex- for which data are available, users can revise these ratios ports, imports, and international reserves are standard to include the effects of private nonguaranteed medium- series taken from the files of the International Monetary and long-term debt. 1 2 TOTAL ALL COUNTRIES a (usS MiVIIons) 1972 1974 1976 1977 1978 1979 1980 1981 TOTAL DEBT OUTSTANDING DISBURSED ONLY TOTAL DEBT 90,674.4 135,785.4 195,396.8 240,014.6 298,667.4 352,265.6 404,466.2 461,921.0 Public / Publicly Guar. 66,158.3 103,718.4 154,569.8 193,035.7 244,612.0 288,932.5 331,152.2 368,086.6 Private Non-guaranteed 22,516.1 32,067.0 40,827.0 46,978.9 54,055.4 63,333.1 73,314.0 93,834.4 PUBLIC / PUBLICLY GUARANTEED DEBT DEBT OUTS. INC. UNDISB. 92,566.6 148,426.9 222,742.4 274,735.9 344,396.9 404,403.5 455,864.8 498,557.9 Official Creditors 63,291.2 92,940.8 128,644.7 154,156.8 185,865.3 209,597.7 241,708.9 259,192.7 Multilateral 18,463.9 28,933.8 43,878.8 55,181.5 68,495.2 82,071.5 98.552.7 113,164.6 IBRD 1C,311.8 14,568.9 22,247.7 26,514.0 32,307.8 38,026.9 44,265.2 51,762.5 IDA 4,774.8 8,013.4 10,490.7 12,152.2 15,160.6 17,078.0 21,320.6 24,114.6 Bilateral 44,827.4 64,007.1 84,765.9 98,975.3 117,370.1 127,526.3 143,156.2 146,028.2 Private Creditors 29,275.4 55,486.1 94,097.7 120,579.1 158,531.5 194,805.7 214.156.0 239,365.2 Suppliers 11,520.4 16,997,1 22,611.0 25,948.1 28,740.8 29,541.2 29,538.9 29,445.2 Financial Markets 16,732.1 36,818.5 69,500.0 93,069.8 128,448.5 164,112.2 183,876.2 209,342.7 DEBT OUTS. DISB. (DOD) 68,158.3 103,718.4 154,569.8 193,035.7 244,612.0 288,932.5 331,152.2 368,086.6 Official Creditors 44,358.7 61,280.8 83.415.1 99,601.4 118,957.8 134,325.9 154,629.6 168,507.1 Multilateral 10,383.1 15,021.9 22,590.1 28,557.3 35,397.8 42,587.1 51,384.4 59,517.1 I8RD 5,960.6 7,753.2 10,939.7 12,770.0 14,952.1 17,945.4 21,273.0 25,034.1 IDA 2,816.9 4,522.2 6,883.8 7,963.9 8.975.3 10,332.0 11,877.6 13,793.8 Bilateral 33,975.6 46,258.9 60,824.9 71,044.0 83,560.0 91,738.9 1O3,245.2 108,990.0 Private Creditors 23,799.6 42,437.6 71,154.7 93,434.3 125,654.2 154,606.6 176,522.6 199,579.5 Suppliers 8,461.8 11,572.4 14,252.C 17,215.9 20,988.4 21,212.7 21,397.6 19S369.0 Financial Marlkets 14,316.3 29,194.7 54,916.1 74,657.1 103,323.6 132,241.6 154,384.2 179,633.3 COMMITMENTS 18,478.7 38,269.2 53,635.1 59,497.2 79,974.3 93,077.2 86,667.7 93,871.6 Official Creditors 10,066.8 19,325.5 23,276.3 25,816.9 29,924.5 31,882.2 41,682.6 35,641.0 Multilateral 3,609.5 6,695.1 8,637.4 12,291.8 13,896.3 14,877.9 19,549.0 18,528.8 IBRD 1,846.2 3,086.5 4,922.8 5,149.2 6,523.6 6,595.2 7,738.2 °,134.7 IDA 886.7 1,544.7 832.4 1,695.9 3,033.7 1,987.5 4,355.7 3,071.2 BilaTeral 6,457.3 12,630.5 14,638.8 13,525.1 16,028.2 17,004.2 22,133.6 17,112.2 Private Creditors 8,411.9 18,943.7 30.358.9 33,680.3 50,049.7 61,195.0 44,985.2 58,230.6 Suppl.ers 2,304.0 5,134.0 5,746.2 5,160.6 5,023.6 6,594.6 5,i07.9 7,836.8 Financial Markets 6,098.3 13,809.6 24,596.9 28,514.7 45,026.1 54,600.3 39,877.2 50,393.8 DISBURSEMENTS 14,460.7 25,131.1 38,479.4 47,780.1 64,811.1 74,942.5 72,131.3 79,609.5 Official Creditors 6,499.0 10,850.9 14,490.8 17,053.8 19,109.4 22,078.4 27,399.7 27,752.9 Multilateral 1,788.0 c 3,095.3 4,776.9 6,639.6 7,460.2 8,339.9 10,834.0 11,011.0 IBRD 1,030.6 1,474.5 2,145.5 2,459.5 2,883.6 3,822.1 4,358.3 5,090.0 IDA 375.1 871.1 1,321.4 1,105.9 1,037.3 1,385.7 1,580.8 2,004.6 Bilateral 4,711.0 7,755.5 9,713.9 10.414.2 11,649.2 13,738.5 16,565.7 16,741.9 Private Creditors 7,961.7 14,280.3 23,988.6 30,726.3 45,701.7 52,864.1 44,731.5 51,856.6 Suppliers 2,419.2 3,288.3 4,603.3 5,361.9 6,471.2 5,450.6 5,031.7 5,002.8 Financial Markets 5,532.8 10,991.1 19,369.5 25,359.4 39,230.5 47,413.4 39,699.8 46,653.9 PRINCIPAL REPAYMENTS 5,010.9 8,027.5 10,259.7 14,520.8 22,733.2 29,007.8 27,892.1 30,515.1 Official Creditors 1,981.2 2,681.8 3,251.7 3,890.4 4,561.0 6,087.4 6,843.4 8,149.6 Multilateral 484.4 560.6 732.4 917.2 1,041.4 1,264.2 1,663.4 2,114.1 IBRD 326.3 418.2 505.1 629.2 700.4 827.5 1,029.1 1,329.6 IDA 3.0 9.6 21.7 25.8 23.8 27.7 35.2 87.4 Bilateral 1,496.9 2,121.2 2,519.3 2,973.2 3,519.6 4,823.2 5,180.0 6,035.4 Private Creditors 3.029.7 5,345.8 7,008.1 10,630.4 18,172.1 22,920.4 21,048.7 22,365.5 Suppliers 1,287.5 2,031.2 2,845.7 3,291.2 4,062.3 4,633.5 4,748.7 4,697.7 Financial Markets 1,666.3 3,153.7 3,700.1 6,802.4 13,856.2 18,088.4 15,912.0 17,574.5 NET FLOWS 9,449.8 17,103.6 28,219.7 33,259.3 42,077.9 45,934.6 44,239.1 49,094.4 Official Creditors 4,517.7 8,169.1 11,239.1 13,163.4 14,548.4 15,991.0 20,556.3 19,603.3 Multilateral 1,303.6 2,534.8 4,o44.5 5,722.4 6,418.8 7,075.7 9,170.6 8,896.8 IBRD 704.3 1.056.3 1,640.4 1,830.3 2,183.2 2,994.6 3,329.2 3,760.4 IDA 372.1 861.5 1,299.7 1,080.1 1,013.5 1,358.0 1,545.6 1,917.1 Bilateral 3,214.1 5.634.4 7,194.6 7,441.0 8,129.6 8,915.3 11,385.7 10,706.5 Private Creditors 4,932.0 8,934.5 16,980.6 20,095.9 27,529.6 29,943.6 23,682.8 29,491.2 Suppliers 1,131.7 1,257.1 1,757.6 2,070.7 2,408.9 817.2 283.0 305.0 Financial Markets 3,866.5 7,837.4 15,669.4 18,557.0 25,374.3 29,324.9 23,787.8 29,279.4 INTEREST PAYMENTS(INT) 2,309.9 4,176.9 6,616.7 8,297.5 11,641.8 16,974.3 23,449.7 28,679.9 Official Crecditors 1,247.9 1,720.2 2,585.6 3,322.7 4,201.1 4,862.4 5,710.2 6,358.0 Multilateral 466.1 717.2 1,068.5 1,369.7 1,904.3 2,198.1 2,543.3 2,824.8 IBRD 353.2 538.2 764.5 932.2 1,242.9 1,538.5 1,753.5 1,843.5 IDA 23.1 29.2 45.4 53.3 60.7 70.9 79.0 91.8 Bilateral 781.8 1,003.0 1,517.1 1,953.0 2,296.7 2,664.3 3,166.9 3,533.2 Private Creditors 1,062.1 2,456.7 4,031.0 4,974.9 7,440.7 12,111.9 17,739.5 22,322.0 Suppliers 371.4 521.3 721.1 738.4 1,069.5 1,333.6 1,425.4 1,316.7 Financial Markets 652.3 1,909.5 3,201.9 4,138.2 6,294.3 10,678.9 16,243.9 20,965.7 TOTAL ALL COUNTRIES a (USS Millions) 1972 1974 1976 1977 1978 1979 1S80 1981 NET TRANSFERS 7,139.8 12,926.7 21,603.0 24,961.8 30,436.2 28,960 4 20,789.4 20,414.5 Official Creditors 3,269.9 6,448.9 8,653.5 9,840.7 10,347.3 11,128.6 14,846.1 13,245.3 Multilateral 837.5 1,817.6 2,976.0 4,352.7 4,514.5 4,877.6 6,627.4 6,072.0 IBRO 351.1 518.0 875.9 898.1 940.3 1,456.0 1,575.6 1,917.0 IDA 349.0 832.3 1,254.3 1,026.8 952.8 1,287.1 1,466.6 1,825.3 Bilateral 2,432.4 4,631.3 5,677 5 5,488.0 5,832.8 6.2Ei.C 8,218.8 7,173.3 Private Creditors 3,870.0 6,477.8 12,949.5 15,121.1 20,088.8 17,831.8 5,943.3 7,169.2 Supoliers 760.3 735.8 1,036.6 1,332.4 1,339.4 -516.4 -1,142.4 -1,011.7 Financial Markets 3,214.3 5,927.9 12,467.4 14,418.8 19,080.0 18,646.0 7,543.9 8,313.7 TOTAL DEBT SERVICE(TDS) 7,320.8 12,204.4 16,876.4 22,818.3 34,375.0 45,982.1 51,341.9 59,195.0 Official Creditors 3,229.1 4,401.9 5,837.3 7,213.1 8,762.1 10,949.8 12,553.6 14,507.5 Muitilateral 950.5 1,277.7 1,800.9 2,286.9 2,945.7 3,462.4 4.206.7 4,938.9 IBRD 679.5 956.4 1,269.6 1,561.4 1,943.3 2,366.1 2,782.7 3,173.1 IDA 26.1 38.8 67.1 79.1 84.5 98.6 114.2 179.3 Bilateral 2,278.7 3,124.2 4,036.4 4,926.2 5,816.4 7,487.5 8,346.2 9,568.6 Private Creditors 4,091.7 7,802.5 11,039.1 15,605.2 25,612.9 35,032.3 38,788.3 44,687.5 Suppliers 1,658.9 2,552.4 3,566.8 4,029.5 5,131.8 5,967.0 6,174.1 6,014.5 Financial Markets 2,318.5 5,063.2 6,902.0 10,940.6 20,150.5 28,767.4 32,155.9 38,540.2 AVERAGE TERMS: PUBLIC DEBT NEW COMMITMENTS ALL CREDITORS Interest (%) 5.6 7.0 6.8 6.8 7.9 9.4 9.1 11.7 Maturity (years) 18.0 17.6 15.0 14.5 14.B 13.9 16.2 14.0 Grace Period (years) 5.0 5.2 4.5 4.5 4.7 4.6 4.7 4.3 Grant Element (%) 27.7 21.1 18.8 18.6 14.5 6.9 10.2 -3.6 OFFICIAL CREDITORS Interest (%) 4.3 4.4 5.4 5.2 4.8 5.1 5.3 6.7 Maturity (years) 25.3 24.3 23.0 22.8 24.4 23.0 23.7 22.1 Grace Period (years) 6.7 7.1 6.5 6.3 6.4 6.1 6.1 5.6 Grant Element (%) 41.5 40.2 32.4 33.8 37.6 34.9 34.0 23.8 PRIVATE CREDITORS Interest (%) 7.3 9.6 7.9 8.1 9.7 11.6 12.8 14.7 Maturity years) 9.2 10.6 8.7 8.0 9.0 9.2 8.9 8.9 Grar.e Period (years) 2.9 3.3 2.9 3.2 3.7 3.8 3.4 3.4 Grant Element (%) 11.1 1.6 8.2 6.9 0.6 -7.7 -12.5 -20.4 MAJOR ECONOMIC AGGREGATES (U.S. $ MILLIONS) Gross Nat. Product (GNP) 468,880 756,772 942,628 1.064,654 1.237,675 1,498,921 1,786,225 Exports of G. & S. (XGS) 68,201 150,926 176,068 210,495 235,539 307,936 . Imports of G. & S. (MGS 79,079 171,513 209,079 247.545 289,047 362,899 . Intl. Reserves (RES) 31,760 66,904 72,528 86,652 105,477 152,000 169,397 136,590 PRINCIPAL RATIOSb DOD/XGS %) 99.9 6:.7 87.8 91.7 103.9 93.8 86.4 DOD/GNP % 14.5 13.7 16.4 18.1 19.8 19.3 18.5 TDS/XGS % 10.7 8.1 9.6 10.8 14.6 14.9 13.4 TDS/GNP % 1.6 1.6 1.8 2.1 2.8 3.1 2.9 INT/XGS %I 3.4 2.8 3.8 3.9 4.9 5.5 6.1 INT/GNP % 0.5 0.6 0.7 0.8 0.9 1.1 1.3 RES/DOD %) 46.6 64.5 46.9 44.9 43.1 52.6 51.1 37.1 RES/MGS (months) 4.8 4.7 4.2 4.2 4.4 5.0 4.5 MEMORANDA Proportion of Disbursed Debt Concessional Loans (%) 48.0 43.0 37.9 35.9 33.0 30.3 29.8 28.2 Var. Int. Rate Loans (%) 6.5 15.7 22.6 24.5 27.0 31.7 33.4 37.4 Use of IMF Credit(US$ mil 1,159.1 2,678.5 7,355.9 7,157.6 7,181.7 7,777.9 9,074.6 13,680.3 1982 1983 1984 1985 1986 1987 1988 1989 PROJECTED PUBLIC DEBT SERVICE TOTAL DEBT SERVICE 71,902.8 74,103.8 72,867.2 71,552.8 68,918.0 63,893.8 51,872.7 41,059.5 Principal 37,871.1 40,882.2 42,307.7 44,281.0 45,661.0 45,011.1 37,569.3 30,312.6 Interest 34,031.7 33,221.6 30,559.5 27,271.8 23,257.0 18,882.7 14,303.4 10,746.9 OFFICIAL CREDITORS 18,807.3 21,015.8 22,397.3 23,313.3 24,332.8 23,258.1 21,633.9 20,358.4 Principal 10,931.2 12,314.1 13,508.2 14,476.3 15,821.6 15,295.0 14,337.6 13,761.9 Interest 7,876.1 8,70i.7 8,889.1 8,837.0 8,511.2 7,963.2 7,296.3 6,596.5 PRIVATE CREDITORS 53,095.5 53,088.0 50,469.9 48,239.5 44,585.2 40,635.6 30,238.9 20,701.1 Principal 26,939.9 28,568.0 28,799.4 29,804.7 29,839.4 29,716.2 23,231.7 16,550.7 Interest 26,155.6 24,519.9 21,670.4 18,434.8 14,745.8 10,919.5 7,007.2 4,150.4 4 TOTAL ALL COUNTRIES a (US$ hillions) 1972 1974 1976 1977 1978 1979 1980 1981 PRIVATE NON-GUARANTEED DEBT DEBT OUTS.DISB. ONLY 22,516.1 32,067.0 40,827.0 46,978.9 54,055.4 63,333.1 73,314.0 93,834.4 Official Sources...-....... Private Sources *- .. Foreign Parent Comp. . .. Financial Institutions Suppliers .. DISBURSEMENTS 6,915.8 11,588.3 11,466.3 13,585.5 15,930.5 19,309.6 22,571.0 30,397.1 Official Sources....... Private Sources *- Foreign Parent Comp. Financial institutions Suppliers PRINCIPAL REPAYMENTS 3,536.9 5,181.0 6,768.6 7,501.4 9,682.2 10,759.2 11,841.0 12,997.9 Official Sources ......... Private Sources . .. . Foreign Parent Comp. Financial Institutions Suppliers NET FLOWS 3,378.9 6,407.3 4,697.7 6,084.1 6,248.3 8,550.4 10,730.0 17,399.2 Official Sources Private Sources Foreign Parent Comp. Financial Institutions Suppliers INTEREST PAYMENTS 1,124.7 2,456.0 2,414.1 2,806.3 3,854.0 5,548.6 7,247.2 10,893.3 Official Sources ........ Private Sources Foreign Parent Comp. Financial Institutions Suppliers .. NET TRANSFERS 2,254.2 3,951.3 2,283.6 3,277.8 2,394.3 3,001.8 3,482.8 6,505.9 Official Sources Private Sources - *- .. .. Foreign Parent Comp. . * Financial Institutions Suppliers .. . .. . . . . . . TOTAL DEBT SERVICE 4,661.6 7,637.0 9,182.7 10,307.7 13,536.2 16,307.8 19,088.2 23,891.2 Official Sources ......... Private Sources Foreign Parent Comp. Financial Institutions Suppliers 1982 1983 1984 1985 1986 1987 1988 1989 PROJECTED NON-GUARANTEED DEBT SERVICE TOTAL DEBT SERVICE 28,320.1 26,625.2 19,043.1 17,113.5 14,199.7 11,093.8 7,863.3 4,386.0 Principal 17,564.6 18,169.8 12,615.6 12,162.6 10,592.9 8,715.9 6,436.8 3,645.1 Interest 10,755.5 8,455.4 6,427.5 4,950.9 3,606.8 2,377.9 1,426.5 740.9 5 TOTAL ALL COUNTRIESa (US$ Mi11ions) 1972 1974 1976 1977 1978 1979 1980 1981 PUBLIC AND PRIVATE DEBT DEBT OUTS.DISB. ONLY 90,674.4 135,785.4 195,396.8 240,014.6 298,667.4 352,265.6 404,486.2 461,921.0 DISSURSEMENTS 2i,376.5 36,719.4 49.945.7 61,365.6 80,741.6 94,252.1 94,702.3 110,006.6 PRINCIPAL REPAYMENTS 8,547.8 13,208.5 17,028.3 22,022.2 32,415.4 39,767.0 39,733.1 43,513.0 NET FLOWS 12,828.7 23,510.9 32,917.4 39,343.4 48,326.2 54,485.0 54,969.1 66,493.6 INTEREST PAYMENTS 3,434.6 6,632.9 9,030.8 11,103.8 15,495.8 22,522.9 30,696.9 39,573.2 NET TRANSFERS 9,394.0 16,878.0 23,886.6 28,239.6 32,830.5 31,962.2 24,272.2 26,920.4 TOTAL DEBT SERVICE 11,982.4 19,841.4 26,059.1 33,126.0 47,911.2 62,289.9 70,430.1 83,086.2 1982 1983 1984 1985 1986 1987 1968 1989 PROJECTED PUBLIC AND PRIVATE DEBT SERVICE TOTAL DEBT SERVICE 100,222.9 100,729.0 91,910.3 88,666.3 83,117.7 74,987.6 59,736.0 45,445.5 PRINCIPAL 55,435.7 59,052.0 54,923.3 56,443.6 56,253.9 53,727.0 44,006.1 33,957.7 INTEREST 44,787.2 41,677.0 36,987.0 32,222.7 26,863.8 21,2S0.6 15,729.9 11,487.8 6 LOW INCOME AFRICA (US$ Mi llions) 1972 1974 1976 1977 1978 1979 1980 1981 TOTAL DEBT OUTSTANDING DISBURSED ONLY TOTAL DEBT 3,845.7 6,513.8 9,450.7 11,467.8 13,873.8 16,464.7 18,616.7 20,501.8 Public / Publicly Guar. 3,705.7 6,302.7 9,130.7 11,097.8 13,503.8 16,089.7 18,426.7 20,366.8 Private Non-guaranteed 140.0 211.1 320.0 370.0 370.0 375.0 190.0C 135.0 PUBLIC / PUBLICLY GUARANTEED DEBT DEBT OUTS. INC. UNDISB. 5,501.2 10,296.2 14,158.5 16,833.0 20,359.7 23,742.6 26,757.4 27,475.3 Official Creditors 4,237.5 7,252.7 10,377.7 12,606.4 15,072.6 17,721.7 21,078.0 21,966.6 Multilateral 1,019.0 1,894.0 3,320.7 4,242.6 5,289.9 6,662.3 8,136.5 9,058.0 IBRD 370.2 426.0 688.3 799.6 809.8 850.4 823.6 818.3 IDA 583.6 1,163.8 1,853.4 2,167.4 2,572.1 2,968.5 3,625.4 4,286.1 Bilateral 3,218.5 5,358.8 7,057.0 8,363.8 9,782.7 11,059.4 12,941.5 12,908.6 Private Creditors 1,263.7 3,043.5 3,780.9 4,226.6 5,287.2 6,020.9 5,679.4 5,508.7 Suppliers - 780.8 1,298.7 1,584.2 1,801.3 2,108.6 2,325.9 1.873.5 1,495.0 Financial Markets 457.6 1,723.5 2,185.8 2,416.2 3,170.9 3,689.8 3:802.1 4,012.4 DEBT OUTS. DISB. (DOD) 3,705.7 6,302.7 9,130.7 11,097.8 13,503.8 16,089.7 18,426.7 20,366.8 Official Creditors 2,696.2 4,269.1 6,276.4 7,570.3 9,049.3 11,212.7 13,745.6 15,356.8 Multilateral 610.7 922.6 1,511.7 2,031.8 2,810.6 3,626.7 4,618.1 5,377.8 IBRD 313.7 326.6 403.0 442.8 504.6 561.6 629.4 670.7 IDA 265.2 452.8 819.4 1,074.8 1,326.6 1,612.8 1,909.9 2,288.5 Bilateral 2,085.5 3,346.5 4,764.7 5,538.5 6,238.7 7,586.0 9,127.6 9,979.0 Private Creditors 1,009.5 2,033.5 2,854.4 3,527.5 4,454.6 4,877.0 4,681.1 5,010.0 Suppliers 612.5 981.4 1,214.2 1,525.6 1,792.2 1,872.3 1,542.4 1,334.5 Financial Markets 371.6 1,030.9 1,629.2 1,992.9 2,654.6 2,999.5 3,134.9 3,674.2 COMMITMENTS 892.7 2,664.6 2,647.5 2,636.7 3,409.4 4,020.6 4,504.8 2,593.2 Official Creditors 614.4 1,680.9 1,821.1 2,154.0 2,512.7 3,004.3 3.488.5 2,247.5 Multilateral 174.8 553.6 729.1 916.6 996.6 1,411.1 1,668.4 1.346.2 IBRD 10.8 71.8 94.2 130.0 28.0 66.0 - 46.0 IDA 150.2 277.2 342.8 320.2 407.6 428.5 689.1 725.0 Bilateral 439.6 1,127.3 1,092.0 1,237.4 1,516.2 1,593.2 1,820.4 901.3 Private Creditors 278.3 983.7 826.4 482.7 896.6 1,016.3 1,016.3 345.7 Suppliers 77.2 249.7 262.2 267.0 360.7 358.1 216.8 48.0 Financial Markets 193.5 734.1 564.1 215.6 536.0 658.2 799.5 297.7 DISBURSEMENTS 767.2 1,686.8 1,935.5 2,020.9 2,338.9 2,876.6 3,546.4 3,082.2 Official Creditors 482.8 924.5 1,170.2 1,310.2 1,543.6 2,224.2 2,484.4 2.385.2 Multilateral 136.6 192.0 345.0 538.5 776.9 851.2 1,109.4 1,018.6 IBRO 53.2 14.6 37.1 58.5 79.6 83.7 94.7 72.5 IDA 58.7 89.7 219.0 261.4 258.2 292.9 304.9 414.1 Bilateral 346.3 732.5 825.2 771.7 766.7 1,373.1 1,375.0 1,366.6 Private Creditors 284.3 762.3 765.4 710.7 795.3 652.3 1.062.0 697.0 Suppliers 126.3 299.5 267.9 347.0 344.9 217.1 308.1 162.9 Financial Markets 150.3 461.8 497.5 363.7 450.4 435.2 753.9 534.0 PRINCIPAL REPAYMENTS 197.7 283.0 281.3 321.9 366.1 389.5 559.2 782.6 Official Creditors 90.1 107.0 132.3 183.8 198.5 236.2 323.4 530.1 Multilateral 12.8 21.9 25.2 32.0 33.1 45.0 83.2 132.5 IBRD 11.3 16.0 17.5 18.8 17.8 25.4 26.9 31.2 IDA 0.5 0.7 2.5 6.0 4.8 5.5 7.7 35.2 Bilateral 77.3 85.1 107.1 151.8 165.4 191.3 240.2 397.6 Private Creditors 107.6 176.1 149.0 138.1 167.6 153.3 235.7 252.5 Suppliers 53.8 105.7 80.9 94.4 105.1 97.0 120.8 115.7 Financial Markets 49.2 65.5 66.0 41.2 60.7 55.1 114.4 135.8 NET FLOWS 569.5 1,403.8 1,654.2 1,699.0 1,972.8 2,487.1 2,987.3 2,299.5 Official Creditors 392.8 817.5 1,037.9 1,126.4 1,345.1 1,988.0 2,160.9 1,855,1 Multilateral 123.8 170.1 319.8 506.6 743.8 806.2 1,026.1 886.1 IBRO 41.9 -1.4 19.6 39.8 61-.9 58.3 67.8 41.3 IDA 58.2 88.9 216.4 255.4 253.4 287.4 297.1 378.9 Bilateral 269.0 647.4 718.0 619.8 601.3 1,181.8 1,134.8 969.0 Private Creditors 176.7 586.2 616.4 572.6 627.7 499.1 826.3 444.4 Suppliers 72.6 193.8 187.1 252.6 239.9 120.0 187.3 47.2 Financial Markets 101.2 396.3 431.4 322.5 389.7 380.1 639.5 398.2 INTEREST PAYMENTS(INT) 77.4 149.5 167.2 213.8 275.6 314.0 451.4 462.2 Official Creditors 47.7 71.6 95.6 131.9 154.6 194.6 285.3 251.7 Multilateral 18.6 29.2 39.1 46.7 62.3 S0.0 89.3 97.1 IBRD 16.3 22.9 30.6 33.3 42.3 50.0 52.8 49.2 IDA 1.9 2.9 4.7 6.7 8.3 10.9 11.7 14.5 Bilateral 29.1 42.5 56.5 65.1 92.3 114.6 196.0 154.6 Private Creditors 29.7 77.8 71.7 82.0 121.0 119.4 166.1 210.5 Suppliers 10.6 26.4 23.4 21.2 33.3 38.9 45.2 33.7 Financial Markets 17.7 49.9 47.7 60.4 87.5 60.4 120.9 176.7 7 LOW iNCOME AFRICA (USS M,'Ilions) 1972 1974 1976 1977 1978 1979 1980 1981 NET TRANSFERS 492.1 1,254.3 1,487.0 1,485.2 1,697.2 2,173.1 2,535.9 1,837.4 Official Creditors 345.1 745.9 942.3 994.6 1,190.5 1,793.4 1,875.6 1.603.A Multilateral 105.2 141.0 280.8 459.9 681.5 726.2 936.8 789.0 IBRD 25.6 -24.3 -10.9 6.4 19.5 8.3 15.0 -7.9 IDA 56.3 86.0 211.8 248.7 245.1 276.5 285.4 364.4 Bilateral 239.9 604.9 661.5 534.7 509.0 1,067.2 938.8 814.4 Private Creditors 147.0 508.4 544.7 490.6 506.7 379.7 660.2 234.0 Suppliers 62.0 167.4 163.6 231,3 206.5 81.2 142.1 13.5 Financial Markets 83.4 346.4 383.8 262.1 302.2 299.7 518.6 221.5 TOTAL DEBT SERVICE(TDS) 275.1 432.5 448.6 535.7 641.7 703.5 1,010.5 1,244.8 Official Creditors 137.8 178.6 227.9 315.7 353.1 430.8 608.7 781.8 Multilateral 31.4 51.0 64.2 78.7 95.4 125.0 172.5 229.6 IBOD 27.6 38.9 48.1 52.1 60.1 75.4 79.7 80.4 IDA 2.4 3.7 7.2 12.7 13.1 16.4 19.4 49.7 Bilateral 106.4 127.6 163.7 237.0 257.7 305.8 436.2 552.2 Private Creditors 137.3 253.9 220.7 220.1 288.6 272.7 401.8 463.0 Suppliers 64.3 132.2 104.3 115.7 138.4 135.9 166.1 149.5 Financial Markets 66.9 115.5 113.7 101.6 148.2 135.6 235.3 312.5 AVERAGE TERMS: PUBLIC DEBT NEW COMMITMENTS ALL CREDITORS Interest (%) 3.5 5.1 4.1 3.7 4.4 5.2 4.2 4.4 Maturity (years) 22.8 19.9 23.4 24.4 22.6 20.5 23.0 26.9 Grace Period (years) 6.5 6.1 6.3 6.0 5.6 5.2 5.7 6.1 Grant Element (%) 45.8 34.9 42.4 44.7 39.5 33.3 41.6 43.9 OFFICIAL CREDITORS Interest (%) 1.9 3.0 2.5 3.0 3.1 3.9 2.8 3.3 Maturity (years) 29.5 26.1 29.7 27.8 27.7 24.2 27.1 30.0 Grace Period (years) 8.3 8.0 7.6 6.8 6.8 6.1 6.7 6.8 Grant Element (%) 61.6 52.3 57.5 51.6 51.4 43.2 52.6 50.6 PRIVATE CREDITORS Interest (%) 6.9 8.7 7.8 6.9 8.3 9.0 9.2 11.8 Maturity years) 8.1 9.3 8.6 8.8 8.2 9.2 8.9 6.4 Grace Period (years) 2.5 2.9 3.2 2.3 2.4 2.6 2.3 1.3 Grant Element (%) 10.9 5.0 7.4 13.1 6.0 3.8 3.6 -0.7 MAJOR ECONOMIC AGGREGATES (U.S. $ MILLIONS) Gross Nat. Product (GNP) 26,407 26,289 33,475 45,925 56,785 63,719 84.263 69,910 Exports of G. & S. XGS) 3.671 5,801 6,184 6,979 5,518 5,929 Imports of G. & S. ~MGS 4,606 8,084 8.622 10,182 8,428 8,671 . Intl. Reserves (RES) 992 1,361 1,318 1,775 1,731 2,026 1,908 1.838 PRINCIPAL RATIOS D0D/xGS % 101.0 108.7 147.6 159.0 244.7 271.4 D3D/GNP %1 4.0 24.0 27.3 24.2 23.8 25.3 21.9 29.1 TDS/XGS %Y 7.5 7.5 7.3 7.7 11.6 11.9 . TDS/GNP %) 1.0 1.6 1.3 1.2 1.1 1.1 1.2 1.8 INT/XGS % 2.1 2.6 2.7 3.1 5.0 5.3 . INT/GNP % 0.3 0.6 0.5 0.5 0.5 0.5 0.5 0.7 RES/DOD %) 26.8 21.6 14.4 16.0 12.8 12.6 10.4 9.0 RES/MGS months) 2.6 2.0 1.8 2.1 2.5 2.8 . MEMORANDA Proportion of Disbursed Debt Concessional Loans (%) 59.3 56.0 54.9 55.0 53.0 50.8 52.3 51.5 Var. Int. Rate Loans (% 4.6 7.8 7.7 7.0 6.2 6.1 5.9 6.5 Use of IMF Credit(US$ miul 85.4 217.5 622.3 683.4 691.2 876.0 1,051.7 1,608.1 1982 1983 1984 1985 1986 1987 1988 1989 PROJECTED PUBLIC DEBT SERVICE TOTAL DEBT SERVICE 2,681.9 2,815.9 2,757.4 2,648.9 2,490.6 2,231.3 1,974.3 1,724-6 Principal 1,778.4 1,903.5 1,915.5 1,919.1 1,872.5 1,722.2 1,563.3 1,399.1 Interest 903.4 912.4 841.9 729.8 618.1 509.1 411.0 325.5 OFFICIAL CREDITORS 1,525.0 1,672.0 1,745.9 1,722.2 1,750.6 1,642.1 1,530.4 1,435.'3 Principal 1,014.1 1,147.8 1,225.8 1,248.5 1,321.8 1,265.7 1,202.9 1,154.2 Interest 510.9 524.2 520.2 473.7 428.8 376.3 327.5 281.1 PRIVATE CREDITORS 1,156.8 1,144.0 1,011.4 926.8 740.1 589.2 444.0 289.3 Principal 764.3 755.7 689.7 670.6 550.7 456.4 360.4 244.9 Interest 392.5 388.2 321.7 256.2 189.4 132.8 83.6 44.4 8 LOW INCOME AFRICA (LIS$ Millions) 1972 1S74 1976 1977 1972 1979 1980 1981 PRIVATE NON-GUARANTEED DEBT DEBT OUTS.DISS. ONLY 140.0 211.1 320.0 370.0 370.0 375.0 190.0 135.0 Official Sources Private Sources Foreign Parent Comp. Financial Institutions Suppliers . . . DISBURSEMENTS 80.0 57.0 72.0 67.5 17.5 22.5 33.8 17.5 Official Sources Private Sources Foreign Parent Comp. .. Financial Institutions Suppliers PRINCIPAL REPAYMENTS 20.0 51.4 16.0 17.5 17.5 17.5 18.8 22.5 Officia' Sources .. .. .. Private Sources Foreign Parent Comp. Financial Institutions Suppliers NET FLOWS 60.0 5.6 56.0 50.0 - 5.0 15.0 -5.0 Official Sources Private Sources Foreign Parent Comp. Financial Institutions .. .. . .. .. Suppliers ........... INTEREST PAYMENTS 6.5 14.2 17.3 24.5 28.2 30.5 24.1 14.5 Official Sources .. Private Sources Foreign Parent Comp. Financial Institutions Suppliers NET TRANSFERS 53.5 -8.6 38.7 25.5 -28.2 -25.5 -9.1 -15.5 Official Sources Private Sources Foreign Parent Comp. Financial Institutions SUPP1liers .............. TOTAL DEBT SERVICE 26.5 65.6 33.3 42.0 45.7 48.0 42.9 37.0 Official Sources .. Private Sources Foreign Parent Comp. , ' '' Financial Institutions Suppliers . . . . . . . . . . . 1982 1983 1984 1985 1986 1987 1988 1989 PROJECTED NON-GUARANTEED DEBT SERVICE TOTAL DEBT SERVICE 44.3 34.8 26.0 17.7 15.2 12.9 10.6 8.6 Principal 33.8 27.0 20.3 13.5 12.2 10.S 9.5 7.9 Interest 10.5 7.8 5.7 4.2 3.0 2.1 1.1 0.7 L.OW INCOME AFRICA (US$ Millions) 1972 1974 1976 1977 1978 1979 1980 1981 PUBLIC AND PRIVATE DEBT DEBT OUTS.DISB. ONLY 3,845.7 6,513.8 9,450.7 11,467.8 13,873.8 16,464.7 18,616.7 20,501.8 DISBURSEMENTS 847.2 1,743.8 2,007.5 2,088.4 2,356.4 2,S99.1 3,580.2 3,099.7 PRINCIPAL REPAYMENTS 217.7 334.4 297.3 339.4 383.8 407.0 578.0 805.1 NET FLOWS 629.5 1,409.4 1,710.2 1,749.0 1,972.8 2,492.1 3,002.3 2,294.5 INTEREST PAYMENTS 83.9 163.7 184.5 238.3 303.8 344.5 475.5 476.7 NET TRANSFERS 545.6 1,245.7 1,525.7 1,510.7 1,669.0 2,147.6 2,526.8 1,817.9 TOTAL DEBT SERVICE 301.6 498.1 481.9 577.7 687.4 751.5 1,053.4 1,281.8 1982 1983 1984 19e5 1986 1987 1988 1989 PROJECTED PUBLIC AND PRIVATE DEBT SERVICE TOTAL DEBT SERVICE 2,726.2 2,850.7 2,783.4 2,666.6 2,505.8 2j244.2 1.984.5 1,733.2 PRINCIPAL 1,812.2 1,930.5 1,935.8 1,932.6 1,884.7 1,733.0 1,572.8 1,407.0 INTEREST 913.9 920.2 847.6 734.0 621.1 511.2 412.1 326.2 10 LOW INCOME ASIA (US$ Millions) 1972 1974 1976 1977 1978 1979 1980 1981 TOTAL DEBT OUTSTANDING DISBURSED ONLY TOTAL DEBT 14,318.3 18,131.6 22,375.4 25,113.4 27,827.8 29,029.5 32,837.2 34,358.0 Public / Publicly Guar. 14,208.3 18,003.1 22,257.5 24,986.9 27,674.S 28,897.9 32,705.7 34,179.0 Private Non-guaranteed 110.0 128.5 117.9 126.5 153.0 131.6 131.5 179.0 PUBLIC / PUBLICLY GUARANTEED DEBT DEBT OUTS. INC. UNDISS. 18,063.3 24,617.2 29,360.6 33,644.9 38,223.1 40,240.0 48,421.9 51,809.7 Official Creditors 16,928.0 23,323.8 28,155.2 32.318.9 36,862.1 38,735.6 45,379.8 48,703.0 Multilateral 4,024.5 6,245.2 8,496.0 10,291.3 13,039.8 14,887.8 19,375.2 22,281.5 IBRD 998.0 1,169.1 1,507.6 1,719.6 1,888.1 2,026.8 2,220.1 2,859.0 IDA 2,882.0 4,693.8 6,044.1 7,217.5 9,222.1 10,220.9 12,974.5 14,755.3 Bilateral 12,903.5 17,078.6 19,659.3 22,027.5 23,822.3 23,847.8 26,004.6 26,421.6 Private Creditors 1,135.3 1,293.4 1,205.4 1,326.0 1,361.0 1,504.4 3,042.1 3,106.7 Suppliers 988.1 1,058.7 844.2 869.3 857.9 7&6.8 787.7 716.5 Financial Markets 147.2 234.7 361.2 456.7 503.1 717.5 2,254.5 2,390.2 DEBT OUTS. DISB. (DOD) 14,208.3 18,003.1 22,257.5 24,986.9 27,674.8 28,897.9 32,705.7 34,179.0 Official Creditors 13,411.9 17,163.9 21,457.0 24,096.4 26,699.4 27,844.5 31,127.4 32,217.4 Multilateral 2,851.7 3,953.4 5,467.4 6,312.6 7,390.3 8,572.9 10,696.9 12,322.0 IBRO 843.4 836.7 866.9 957.6 1,068.1 1,154.7 1,241.8 1,574.8 IDA 1,985.8 3,059.9 4,392.5 4,922.5 5,441.7 6,279.2 7,210.8 8,322.2 Bilateral 10,560.2 13,210.5 15,989.6 17,783.8 19,309.1 19,271.6 20,430.5 19,895.4 Private Creditors 796.4 839.2 800.6 890.5 975.4 1,053.4 1,578.3 1,961.6 Suppliers 665.0 680.8 621.8 645.9 690.5 632.2 574.2 495.1 Financial Markets 131.4 158.4 178.8 244.6 284.9 421.2 1,004.1 1,466.5 COMMITMENTS 1,652.1 4,735.5 3,213.0 3,981.7 4,759.1 4,447.3 9,802.0 6,831.4 Official Creditors 1,471.8 4,428.6 2,904.8 3,740.3 4,555.9 4,090.4 7,982.5 6,324.6 Multilateral 448.8 1,425.7 1,006.1 1,919.5 2,874.5 2,019.1 4,987.9 3,303.3 IBRD - 221.0 390.0 314.0 275.0 250.0 555.0 773.1 IDA 378.4 1,013.9 298.1 1,186.7 2,020.4 1,024.0 2,822.0 1,950.5 Bilateral 1,023.0 3,003.0 1,898.7 1,820.8 1,681.4 2,071.3 2,994.6 3,021.3 Private Creditors 180.3 306.9 308.2 241.5 203.3 356.9 1,819.5 506.8 Suppliers 177.8 190.3 188.4 128.5 101.2 80.5 147.9 118.3 Financial Markets 2.5 116.6 119.8 113.0 102.0 276.4 1,671.6 388.4 DISBURSEMENTS 1,301.2 2,787.8 3,022.1 2,627.2 3,036.9 3,344.1 4,950.6 4,167.5 Official Creditors 1,188.7 2,505.4 2,790.5 2,394.0 2,782.0 3,052.1 4,180.3 3,437.1 Multilateral 283.9 645.8 944.3 957.1 1,189.7 1,319.5 2,311.9 1,866.1 IBRD 61.4 61.1 137.2 185.8 209.8 180.7 190.1 461.8 IDA 215.0 559.0 757.4 542.8 532.5 854.0 950.7 1,143.7 Bilateral 904.8 1,859.6 1,846.2 1,436.9 1,592.3 1,732.6 1,868.3 1,571.1 Private Creditors 112.5 282.4 231.6 233.2 254.9 292.0 770.3 730.4 Suppliers 95.8 201.8 178.3 139.2 157.0 90.7 84.6 95.1 Financial Markets 16.7 80.6 53.3 94.0 97.9 201.3 685.7 635.3 PRINCIPAL REPAYMENTS 530.6 687.8 807.0 870.5 945.5 1,089.6 1,136.6 1,149.2 Official Creditors 400.2 532.1 601.7 676.8 752.2 878.2 923.6 912.2 Multilateral 86.3 94.4 103.2 113.9 122.6 139.4 139.2 185.4 IBRO 83.8 86.1 82.5 95.1 99.4 94.1 103.1 128.8 IDA 2.0 7.0 15.5 12.8 13.3 16.5 19.1 29.7 Bilateral 313.8 437.7 498.6 562.9 629.7 738.8 784.5 726.8 Private Creditors 130.4 155.7 205.2 193.7 193.3 211.4 213.0 237.0 Suppliers 102.7 123.8 171.5 156.0 145.6 148.0 136.1 123.7 Financial Markets 26.8 31.9 33.8 37.7 47.7 63.4 76.9 113.2 NET FLOWS 770.6 2,100.0 2,215.1 1,756.7 2,091.4 2,254.5 3,814.0 3,018.3 Official Creditors 788.5 1,973.3 2,188.7 1,717.2 2,029.8 2,173.9 3,256.7 2,524.9 Multilateral 197.6 551.4 841.1 843.2 1,067.1 1,180.1 2,172.8 1,680.7 IBRD -22.4 -24.9 54.7 90.7 110.5 86.6 87.1 333.0 IDA 213.0 552.0 741.9 530.0 519.2 837.6 931.6 1,114.0 Bilateral 590.9 1,421.9 1,347.7 874.0 962.7 993.8 1,083.9 844.2 Private Creditors -18.0 126.7 26.4 39.5 61.6 80.6 557.3 493.4 Suppliers -6.9 78.0 6.8 -16.8 11.4 -57.3 -51.5 -28.6 Financial Markets -10.1 48.7 19.5 56.3 50.2 138.0 608.9 522.0 INTEREST PAYMENTS(INT) 334.7 369.2 449.7 486.2 608.3 694.1 725.5 739.3 Official Creditors 295.7 326.1 405.3 445.5 546.7 623.4 633.2 573.7 Multilateral 71.3 80.0 111.2 112.1 146.8 174.0 185.5 197.9 IBRD 53.5 57.8 71.3 67.3 90.8 104.4 104.3 104.0 IDA 16.8 19.8 29.9 33.5 37.4 43.0 48.1 56.2 Bilateral 224.4 246.1 294.1 333.3 399.9 449.4 447.7 375.8 Private Creditors 39.0 43.1 44.4 40.7 61.6 70.6 92.3 165.5 Suppliers 30.3 34.3 34.8 30.9 38.7 38.9 36.0 30.0 Financial Markets 8.7 8.8 9.6 9.8 23.0 31.7 56.3 135.5 LOW' INCOME ASIA (USS if ! I ions) 1972 1974 1976 1977 1878 1979 1980 1981 NET TRANSFERS 435.9 1,730.8 1,765.4 1,270.5 1,483.0 1,560.5 3,088.5 2,279.1 Official Cred'tors 492.8 1,647.2 1,783.4 1,271.7 1,483.1 1,550.5 2,623.4 1,951.2 Multilateral 126.3 471.3 729.9 731.0 920.3 1,006.2 1,987.3 1,482.8 IBRD -75.9 -82.7 -16.6 23.4 19.6 -t7.9 -17.2 229.0 IDA 196.3 532.2 712.0 496.5 481.8 794.6 883.5 1,057.9 Bilateral 366.5 1,175.8 1,053.5 540.7 562.8 544.3 636.2 468.4 Private Creditors -57.0 83.6 -18.0 -1.2 0.0 10.0 465.0 327.9 Suppliers -37.2 43.7 -27.9 -47.7 -27.3 -96.2 -87.6 -58.6 Financial Markets -1S.2 39.9 10.0 46.5 27.3 106.2 552.6 386.5 TOTAL DEBT SERVICE(TDS) 865.3 1,057.1 1,256.6 1,356.7 1,553.9 1,783.6 1,862.1 1,888.5 Official Creditors 695.9 858.2 1,007.0 1.122.3 1,298.9 1,501.6 1,556.8 1,486.0 Multilateral 157.6 174.5 214.4 226.0 269.4 313.4 324.7 383.3 IBRD 137.3 143.8 153.8 162.4 190.2 198.6 207.4 232.8 IDA 18.7 26.8 45.4 46.3 50.7 59.5 67.1 85.8 Bilateral 538.2 683.8 792.7 896.2 1,029.6 1,188.2 i.232.2 1,102.7 Private Creditors 169.5 198.8 249.6 234.5 254.9 282.0 305.3 402.5 Suppliers 133.0 158.1 206.2 187.0 184.2 186.9 172.1 153.7 Financial Markets 35.4 40.7 43.4 47.5 70.7 95.1 133.1 248.8 AVERAGE TERMS: PUBLIC DEBT NEW COMMITMENTS ALL CREDITORS Interest (%) 2.1 2.8 3.5 2.7 2.0 2.6 4.0 3.9 Maturity (years) 32.0 28.9 28.2 34.6 38.3 32.7 30.4 32.9 Grace Period (years) 7.6 7.2 7.3 8.3 9.0 8.0 7.3 7.5 Grant Element (%) 61.4 54.7 49.9 60.0 67.1 59.3 50.2 51.7 OFFICIAL CREDITORS Interest (%) 1.8 2.4 3.1 2.4 1.7 2.0 1.9 3.2 Maturity years) 34.5 30.4 30.4 36.1 39.6 34.7 35.2 34.8 Grace Period (years) 8.2 7.6 7.9 8.7 9.3 8.5 8.2 7.9 Grant Element (%) 66.2 58.2 54.6 63.1 69.7 64.6 65.1 56.8 PRIVATE CREDITORS Interest (%) 5.2 8.3 7.9 7.4 7.9 10.3 13.1 12.8 Maturity (years) 11.9 7.0 7.4 10.8 9.3 9.e 9.5 9.3 Grace Period (years) 2.6 1.5 2.0 2.5 2.3 2.1 3.2 3.0 Grant Element (%) 22.1 4.7 6.1 11.9 9.6 -0.6 -15.7 -12.2 MAJOR ECONOMIC AGGREGATES (U.S. $ MILLIONS) Gross Nat. Product (GNP) 80,750 112,411 119,099 135,840 155,151 172,729 207,898 216,901 Exports of G. & S. (XGS 4,250 7,193 10,713 13,029 15.147 18,783 Imports of G. & S. (MGS 4,941 9,970 11,064 12.830 17.120 22,726 . Intl. Reserves (RES) 2,189 3,593 5,084 7,638 10,169 14,489 14,873 10.667 PRINCIPAL RATIOS b DOD/XGS %) 334.3 250.3 207.8 191.8 182.7 153.9 '57.6 DOD/GNP % 17.6 16.0 18.7 18.4 17.8 16.7 15.7 15.8 TDS/XGS % 20.4 14.7 11.7 10.4 10.3 9.5 9.0 TDS/GNP % 1.1 0.9 1.1 1.0 1.0 1.0 0.9 0.9 INT/XGS % 7.9 5.1 4.2 3.7 4.0 3.7 3.5 INT/GNP % 0.4 0.3 0.4 0.4 C.4 0.4 0.3 0.3 RES/DOD %) 15.4 20.0 22.8 30.6 36.7 50.1 45.5 31.2 RES/MGS months) 5.3 4.3 5.5 7.1 7.1 7.7 5.7 MEMORANDA Proportion of Disbursed Debt Concessional Loans (%) 82.0 84.7 88.8 89.3 89.8 89.8 89.1 87.7 Var. Int. Rate Loans (% - - - - 0.2 0.3 1.5 2.8 Use of IMF Credit(US$ mil) 277.8 1,233.4 1,458.1 1,194.4 1,079.4 1,062.9 1,321.5 2,220.1 1982 1983 1984 1985 1986 1987 1988 1989 PROJECTED PUBLIC DEBT SERVICE TOTAL DEBT SERVICE 2,246.6 2,563.4 2,636.4 2,859.1 3,055.5 3,066.3 2,900.7 2,802.0 Principal 1,329.2 1,542.8 1,579.8 1,786.6 2,028.4 2,116.5 2,030.7 2,010.0 Interest 917.4 1,020.7 1,056,6 1,072.4 1,027.0 949.9 870.0 792.0 OFFICIAL CREDITORS 1,718.9 2,009.7 2,070.5 2,251.5 2,432.1 2,532.6 2,471.6 2,440.6 Principal 1,028.1 1,233.8 1,264.7 1,422.5 1,606.1 1,733.2 1,708.5 1,717.2 Interest 690.9 775.9 805.8 829.0 826.1 799.5 763.1 723.5 PRIVATE CREDITORS 527.7 553.8 566.0 607.5 623.3 533.7 429.1 361.4 Principal 301.1 309.0 315.2 364.1 422.4 383.3 322.2 292.9 Interest 226.5 244.7 250.8 243.4 201.0 150.4 106.9 68.5 12 LOW INCOME ASIA (US$ Millions) 1972 1974 1976 1977 1978 1979 1980 1981 PRIVATE NON-GUARANTEED DEBT DEBT 0UTS.DISB. ONLY 110.0 128.s 117.9 126.5 153.0 131.6 131.5 179.0 Official Sources Private Sources - *- *- * Foreign Parent Comp. Financial Institutions Suppliers DISBURSEMENTS 29.4 22.0 35.6 30.2 51.7 14.3 35.3 98.7 Official Sources .. .. .. . Private Sources Foreign Parent Comp. Financial Institutions Suppliers . PRINCIPAL REPAYMENTS 26.4 47.4 35.6 28.4 30.2 32.8 31.3 36.1 Official Sources Private Sources Foreign Parent Comp... Financial Institution5 Suppliers . .. . . . NET FLOWS 3.0 -25.4 - 1.8 21.5 -18.5 4.0 62.6 Official Sources .. .. Private Sources * *- Foreign Parent Comp. Financial Institutions Suppliers INTEREST PAYMENTS 6.4 9.1 7.7 7.1 7.5 10.0 7.9 10.0 Official Sources Private Sources . .' Foreign Parent Comp. Financial Institutions Suppliers NET TRANSFERS -3.4 -34.5 -7.7 -5.3 14.0 -28.5 -3.9 52.6 Official Sources .. .. .. .. .. Private Sources '' Foreign Parent Comp. ' ' Financial Institutions Suppliers . . . . .. TOTAL DEBT SERVICE 32.8 56.5 43.3 35.5 37.7 42.8 39.2 46.1 Official Sources .. Private Sources Foreign Parent Comp. Financial Institutions Suppliers .. .. .. .. .. .. . 1982 1983 1984 1985 1986 1987 1988 1989 PROJECTED NON-GUARANTEED DEBT SERVICE TOTAL DEBT SERVICE 47.3 46.4 35.5 28.4 23.7 15.5 13.5 10.6 Principal 34.9 36.1 27.6 22.5 19.3 12.9 11.8 9.7 Interest 12.4 10.3 7.9 5.9 4.4 2.6 1.7 0.9 13 LOW INCOME ASIA (US$ Millions.! 1972 1974 1976 1977 1978 1979 1980 1981 PUBLIC AND PRIVATE DEBT DEBT OUTS.DISB. ONLY 14,318.3 18,131.6 22,375.4 25,113.4 27,827.8 29,029.5 32,837.2 34,358.0 DISBURSEMENTS 1,330.6 2,809.8 3,057.7 2,657.4 3,088.6 3,358.4 4,985.9 4,266.2 PRINCIPAL REPAYMENTS 557.0 735.2 842.6 898.9 975.7 1,122.4 1,167.9 1,185.3 NET FLOWS 773.6 2,074.6 2,215.1 1,758.5 2,112.9 2,236.0 3,818.0 3,080.9 INTEREST PAYMENTS 341.1 378.3 457.4 493.3 615.8 704.1 733.4 749.3 NET TRANSFERS 432.5 1,696.3 1,757.7 1,265.2 1,497.0 1,532.0 3,084.6 2,331.7 TOTAL DEBT SERVICE 898.1 1,113.6 1,299.9 1,392.2 1,591.6 1,826.4 1,901.3 1,934.6 1982 1983 1984 1985 1986 1987 1988 1989 PROJECTED PUBLIC AND PRIVATE DEBT SERVICE TOTAL DEBT SERVICE 2,293.9 2,609.8 2,671.9 2,887.5 3,079.2 3,081.8 2,914.2 2,812.6 PRINCIPAL 1,364.1 1,578.9 1,607.4 1,809.1 2,047.7 2,129.4 2,042.5 2,019.7 INTEREST 929.8 1,031.0 1,064.5 1,078.3 1,031.4 952.5 871.7 792.9 14 MIDDLE INCOME OIL IMPORTERS (Us$ Mi lions) 1972 1974 197E 1977 1978 1979 1980 1981 TOTAL DEBT OUTSTANDING DISBURSED ONLY TOTAL DEBT 48,859.2 73,096.1 101,241.2 123,650.3 157,164.4 191,720.9 223,480.2 259,412.8 Public / Publicly Guar 32,984.3 49,932.4 71,748.7 89,026.9 116,038.8 142,804.7 168,228.6 188,339.7 Private Non-guaranteed 15,874.9 23,163.7 29,492.5 34,623.4 41,125.6 48,916.2 55,251.6 71,073.1 PUBLIC / PUBLICLY GUARANTEED DEBT DEBT OUTS. INC. UNCISB. 45,448.8 89,313.2 103,068.0 127,375.8 165,603.0 197,171.0 226,557.9 250,748.7 Official Creditors 27,735.9 39,813.8 54,554.6 65,114.1 82,732.9 96,001.7 110,436.3 121,013.1 Multilateral 9,442.5 14,182.4 21,769.1 26,803.8 33,986.1 41,041.9 48,037.5 55,302.1 IBRD 6,355.1 8,876.9 13,310.2 16,078.0 20,286.2 23,803.9 27,829.3 32,300.1 IDA 749.1 1,177.4 1,516.3 1,640.3 1,998.4 2,323.5 2,709.4 2,925.7 Bilateral 18,293.4 25,631.5 32,785.4 38,310.3 48,746.9 54,959.8 62,398.8 65,711.1 Private Creditors 17,712.8 29,499.4 48,513.4 62,261.7 82,8-70.1 101,169.3 116,121.6 129,735.6 Suppliers 5,858.3 7,547.1 10,685.5 12,700.3 14,455.8 14,938.6 15,543.9 15,170.4 Financial Markets 11,067.2 21,085.9 37,072.0 48,850.6 67,789.9 85,701.0 100,115.1 114,180.2 DEBT OUTS. DISB. (DOD) 32,984.3 49,932.4 71,748.7 89,026.9 116,038.8 142,804.7 168,228.6 188,339.7 Official Creditors 18,438.1 26,079.8 34,941.9 41,230.1 51,165.9 60,221.6 70,527.7 78,867.8 Multilateral 4,671.7 7,053.5 10,907.6 13,196.0 16,565.8 20,409.0 24,430.5 28,722.2 IBRO 3,106.4 4,523.7 6,771.7 7,868.9 9,328.8 11,353.1 13,390.4 15,949.2 IDA 423.1 644.9 958.6 1,142.3 1,297.5 1,444.3 1,676,5 1,931.9 Bilateral 13,766.4 19,026.3 24,034.3 28,034.2 34,600.1 39,812.6 46,097.2 50,145.6 Private Creditors 14,546.2 23,852.6 36,806.9 47,796.7 64,872.8 82,583.1 97,700.9 109,472.0 Suppliers 4,388.8 5,408.4 6,613.6 8,319.1 10,683.3 10,120.7 10,904.1 9,734.2 Financial Markets 9,371.5 17,577.8 29,437.3 38,766.9 53,565.1 71,932.9 86,334.4 99,352.8 COMMITMENTS 10,660.8 17,754.9 27,275.5 28,230.9 43,005.1 46,162.4 45,870.1 49,226.1 Official Creditors 5,652.5 8,088.0 10,919.5 11,496.0 16,443.2 15,935.5 20,153.9 18,888.2 Multilateral 2,151.0 3,024.2 4,434.4 5,507.4 7,519.9 7,796.8 8,719.2 9,425.5 IBRD 2.316.0 1,665.0 2,607.5 3t192.2 4,648.3 4,021.2 4,819.9 5,386.7 IDA 189.6 131.1 146.7 132.5 362.7 336.5 393.2 245.0 Bilateral 3,501.5 5,063.7 6,485.2 5,988.7 8,923.3 8,138.8 11,434,7 9,462.7 Private Creditors 5,00d.3 9,666.9 16,355.9 16,734.9 26,561.9 30,226.9 25,716.2 30.337.9 Suppliers 1,136.5 2,052.8 2,965.5 2,576.0 2,677.3 3,983.8 2,013.1 2,959.7 Financial Markets 3,869.8 7,614.1 13,374.6 14,158.9 23,884.6 26,243.0 23,703.1 27,378.2 DISBURSEMENTS 8,139.9 12,388.6 18,225.5 22,117.9 33,190.4 40,408.3 38,919.0 41,253.7 Official Creditors 3,415.3 4,796.8 6,651.4 7,339.7 9,509.1 11,575.2 14,542.2 14,955.3 Multilateral 973.0 1,674.5 2,419.6 2,680.7 3,739.1 4,498.7 5,290.0 6,042.2 IBRD 676.8 1,048.4 1,382.8 1,478.1 1,883.1 2,510.1 2,673.0 3,387.6 IDA 52.6 115.9 177.9 187.1 159.5 151.1 238.0 267.3 Bilateral 2,442.3 3,122.3 4,231.8 4,659.0 5,770.0 7,076.6 9,252.2 8,913.0 Private Creditors 4,724.6 7,591.8 11,574.0 14,778.2 23,681.2 28,833.1 24.376,7 26,298.4 Suppliers 1,189.5 1.264.8 1,893.9 2,656.0 3,490.6 2,484.6 2,146.8 1,769.7 Financial Markets 3,533.1 6,327.1 9,664.3 12,122.2 20,190.6 26,348.4 22,229.8 24,528.7 PRINCIPAL REPAYMENTS 2,650.4 4,091.3 5,211.3 7,049.4 11,436.4 13,411.8 13,372.9 15,436.3 Official Creditors 933.0 1,295.0 1,771.9 2,051.6 2.314.0 3,168.9 3,555.7 3,972.8 Multilateral 278.0 309.8 443.4 568.0 654.1 766.0 1,027.0 1,275.2 IBRD 149.7 214.1 288.0 381.0 422.2 485.8 634.2 829.5 IDA 0.6 1.6 2.9 3.4 3.8 4.3 5.7 13.9 Bilateral 655.0 985.2 1,328.5 1,483.6 1,660.0 2,402.9 2,528.7 2,697.6 Private Creditors 1,717.4 2,796.4 3,439.4 4,997.8 9,122.4 10,242.9 9,817.2 11,463.5 Suppliers 699.9 938.7 1,153.3 1,457.3 2,003.5 2,516.2 2,074.0 1.977.3 Financial Markets 958.5 1,803.7 2,125.6 3,406.2 7,030.8 7,629.2 7.674.2 9,413.5 NET FLOWS 5,489.5 8,297.3 13,014.2 15,068.4 21,754.0 26,996.5 25,546.1 25,817.4 Official Creditors 2,482.3 3,501.8 4,879.5 5,288.1 7,195.1 8,406.3 10.986.5 10,982.5 Multilateral 695.0 1,364.7 1,976.2 2,112.7 3,085.1 3,732.6 4.263.0 4,767.0 IBRO 527.1 834.3 1,094.8 1,097.2 1.461.0 2,024.3 2,038.9 2,558.1 IDA 52.0 114.2 175.0 183.7 155.7 146.8 232.3 253.3 Bilateral 1,787.3 2,137.1 2,903.3 3,175.4 4,110.0 4,673.7 6,723.5 6,215.4 Private Creditors 3,007.2 4,795.5 8,134.7 9,780.4 14,558.9 18,590.2 14,559.6 14,835.0 Suppliers 489.5 326.0 740.6 1,198.7 1,487.1 -31.6 72.8 -207.6 Financial Markets 2,574.6 4,523.3 7,538.8 8,715.9 13,159.9 18,719.2 14,555.6 15,115.2 INTEREST PAYMENTS(INT) 1,270.9 2,297.4 3,513.0 4,266.5 6,144.0 8,872.0 12,777.2 15,959.9 Official Creditors 622.2 922.0 1,464.7 1,747.1 2,217.6 2,706.9 3,273.3 3,644.8 Multilateral 252.6 429.3 658.1 840.8 1,137.2 1,382.8 1,622.8 1,723.7 I8RD 181.8 319.2 468.1 571.3 770.8 959.8 1,105.8 1,163.5 IDA 3.5 4.2 6.6 7.5 8.7 9.9 11.5 12.7 Bilateral 369.6 492.7 806.7 906.3 1,080.4 1,324.1 1,650.5 1,921.1 Private Creditors 648.7 1,375.4 2,048.3 2,519.5 3.926.4 6,165.1 9,503.9 12,315.1 Suppliers 226.1 314.7 402.7 422.7 576.7 695.8 744.8 746.5 Financial Markets 387.4 1,039.4 1,590.7 2,048.4 3,302.8 5,429.8 8,716.3 11,534.0 15 MIDDLE INCOME OIL IMPORTERS (US$ Mil17ofns) 1972 1974 1976 1977 1978 1979 1980 1981 NET TRANSFERS 4,218.7 5,999.9 9,501.1 10,801.9 15,610.0 18,124.6 12,788.9 9,857.5 Official Creditors 1,860.1 2,579 8 3,414.8 3,541.0 4,977.5 5,699.4 7,713.2 7,337.7 Multilateral 442.4 935.4 1,318.1 1,271.9 1,947.9 2,349.9 2,640.2 3,043.3 IBRD 345.3 515.1 626.7 525.9 690.1 1,064.6 933.0 1,394.6 IDA 48.5 110.0 168.4 176.2 147.0 136.9 220.7 240.6 Bilateral 1,417.8 1,644.4 2,096.6 2,269.1 3,029.7 3,349.5 5,073.0 4,294.4 Private Creditors 2,358.5 3,420.1 6,086.4 7,260.9 10,632.4 12,425.1 5,055.7 2,519.8 Suppliers 263.5 11.4 337.9 776.0 910.3 -727.4 -672.0 -954.1 Financial Markets 2,187.2 3,483.9 5,948.1 6,667.5 9,857.1 13,289.4 5,839.4 3,581.2 TOTAL DEBT SERVICE(TDS) 3,921.2 6,388.7 8,724.3 11,315.9 17,580.4 22,283.8 26,150.1 31,396.2 Official Creditors 1,555.2 2,217.0 3,236.7 3,798.7 4,531.6 5,875.8 6,829.0 7,617.6 Multilateral 530.6 739.2 1,101.5 1,408.7 1,791.3 2,148.8 2,649.8 2,998.9 IBRD 331.5 533.3 756.1 952.3 1,193.0 1,445.5 1,740.0 1,993.0 IDA 4.1 5.9 9.5 11.0 12.5 14.2 17.2 26.7 Bilateral 1,024.6 1,477.8 2,135.2 2,389.9 2,740.3 3,727.0 4,179.2 4,618.7 Private Creditors 2,366.1 4,171.7 5,487.7 7,517.3 13,048.8 16,407.9 19,321.1 23,778.6 Suppliers 926.0 1,253.4 1,555.9 1,880.0 2,580.2 3,212.1 2,818.8 2,723.8 Financial Markets 1,345.9 2,843.1 3,716.3 5,454.6 10,333.6 13,059.0 16.390.4 20,947.6 AVERAGE TERMS: PUBLIC DEBT NEW COMMITMENTS ALL CREDITORS Interest 9%) 6.2 7.9 7.2 7.5 8.3 9.6 10.5 12.3 Maturity .years) 16.7 15.7 14.6 13.4 13.5 14.0 13.8 13.0 Grace Period (years) 5.0 4.9 4.6 4.3 4.4 4.8 4 4 4.1 Grant Element (%) 23.2 14.9 16.0 14.1 10.7 4.2 1.2 -8.5 OFFICIAL CREDITORS Interest (%) 5.2 5.5 6.4 6.4 5.9 5.9 6.8 7.9 Maturity years) 23.1 22.0 21.8 20.5 20.3 21.3 19.8 18.2 Grace Period (years) 6.5 6.4 6.7 6.2 5.8 5.8 5.5 5.0 Grant Element (%) 33.7 31.8 25.2 24.7 27.8 28.8 21.6 13.4 PRIVATE CREDITORS Interest (%) 7.3 9.9 7.8 8.2 9.9 11.6 13.6 15.0 Maturity (years) 9.4 10.4 9.6 8.5 9.4 10.1 8.9 9.8 Grace Period (years) 3.2 3.6 3.3 3.0 3.6 4.3 3.5 3.5 Grant Element (%) 11.4 0.5 9.6 6.7 - -9.0 -15.9 -22.2 MAJOR ECONOMIC AGGREGATES (U.S. S MILLIONS) Gross Nat. Product (GNP) 241,948 407,593 511,758 584,144 684,841 846,999 952,539 Exports of G. & S. (XGS) 40,727 79,855 95,745 117,227 136,160 168.901 201,301 Imports of G. & S. (MGS) 46,897 101.979 116,717 138.859 163,089 211,065 258,284 Intl. Reserves (RES) 21,126 36,396 39,440 48.180 65,374 89,152 92,736 74,619 PRINCIPAL RATIOS DOD/XGS (%) 81.0 62.5 74.9 75.9 85.2 84.5 83.6 DOD/GNP %) 13.6 12.3 14.0 15.2 16.9 16.9 17.7 TDS/XGS %' 9.6 8.0 9.1 9.7 12.9 13.2 13.0 TDS/GNP % 1.6 1.6 1.7 1.9 2.6 2.6 2.7 INT/XGS % 3.1 2.9 3.7 3.6 4.5 5.3 6.3 INT/GNP % 0.5 0.6 0.7 0.7 0.9 1.0 1.3 RES/DOD % 64.0 72.9 55.0 54.1 56.3 62.4 55.1 39.6 RES/MGS months) 5.4 4.3 4.1 4.2 4.8 5.1 4.3 MEMORANDA Proportion of Disbursed Debt Concessional Loans %) 36.8 32.2 27.4 25.8 23.5 21.6 20.9 19.8 Var. Int. Rate Loans (%) 7.6 17.8 26.0 27.6 29.6 34.6 36.7 40.6 Use of IMF Credit(US$ mil 586.1 1,107.2 4,405.6 4,217.2 4,336.8 4,818.1 6,029.6 9,131.5 1982 1983 1984 1985 1986 1987 1988 1989 PROJECTEO PUBLIC DEBT SERVICE TOTAL DEBT SERVICE 37,079.1 37,777.5 39,090.6 39,178.2 39,129.7 34,432.5 30,258.3 23,731.3 Principal 18,072.6 18,971.9 21,525.6 23,411.6 25,560.2 23,349.6 21,646.8 17,355.4 Interest 19,006.5 18,805.6 17,565.0 15,766.6 13,569.6 11,082.8 8,611.6 6,376.0 OFFICIAL CREDITORS 9,916.2 11,249.8 12,055.0 12,529.4 13,468.3 12,554.6 11,737.5 10,977.0 Principal 5,396.8 6,209.1 6,965.7 7,492.4 8,620.0 8,027.5 7,611.4 7,286.2 Interest 4,519.4 5,040.7 5,089.3 5,037.0 4,848.3 4,527.1 4,126.1 3,690.9 PRIVATE CREDITORS 27,162.9 26,527.7 27,035.6 26,648.8 25,661.4 21,877.8 18,520.8 12,754.3 Principal 12,675.8 12.762.8 14,559.9 15,919.2 16,940.1 15,322.1 14,035.4 10,069.2 Interest 14,487.1 13,764.9 12,475.7 10,729.6 8,721.2 6,555.7 4,485.4 2,685.1 la MIDDLE INCOME OIL IMPORTERS (Us$ Millions) 1972 1974 1976 1977 1978 1979 1980 1981 PRIVATE NON-GUARANTEED DEBT DEBT OUTS.DISB. ONLY 15,874.9 23,163.7 29,492.5 34,623.4 41,125.6 48,916.2 55,251.6 71,073.1 Official Sources . .. Private Sources .. .. Foreign Parent Comp. .. .. . .. .. Financial Institutions .. .. .. .. Suppliers .. . . . DISBURSEMENTS 5,302.8 8,754.6 S,426.8 10,477.9 13,060.6 14,912.6 15,998.0 24,622.5 Official Sources . . . . . Private Sources .. Foreign Parer,t Comp. .. Financial Institutions .. .. .. .. .. Suppliers . .. . . . . PRINCIPAL REPAYMENTS 2,432.0 3,720.3 4,962.8 5,408.0 7,381.6 8,246.2 9,118.1 9,752.9 Official Sources .. .. .. . . .. . Private Sources .. .. . . . . Foreign Parent Comp. .. .. .. .. .. .. Financial Institutions .. .. .. .. .. Suppliers .. .. .. .. .. NET FLOWS 2,870.8 5,034.3 3,464.0 5,069.9 5,679.0 6,666.4 6,879.9 14,869.6 Official Sources . .. .. .. .. .. . Private Sources Foreign Parent Comp. Financial Institutions .. .. Suppliers .. INTEREST PAYMENTS 834.6 1,877.4 1,736.7 2,031.8 2,927.4 4,320.4 5,548.9 7,936.9 Official Sources .. .. .. .. .. . Private Sources Foreigr Parent Comp. . . .. ....... Financial Institutions .. .. .. .. .. . . Suppliers .. .. .. .. .. NET TRANSFERS 2,036.2 3,156.9 1,727.3 3,038.1 2,751.6 2,346.0 1,331.0 6,932.7 Official Sources . .. .. .. .. .. . Private Sources .. .. . .. .. .. . Foreign Parent Comp. Financial Institutions Suppliers .. .. .. .. .. .. TOTAL DEBT SERVICE 3,266.6 5,597.7 6,699.5 7,439.8 10,309.0 12,566.6 14,667.0 17,689.8 Official Sources Private Sources Foreign Parent Comp. .. .. .. .. .. .. . Financial Institutions .. Suppliers .. 1982 1983 1984 1985 1986 1987 1988 1989 PROJECTED NON-GUARANTEED DEBT SERVICE TOTAL DEBT SERVICE 21,817.1 20,534.7 14,008.6 12,780.8 10,737.4 8,589.3 5,815.7 3,020.2 Principal 13,638.1 14,212.1 9,250.7 9,091.1 8,046.8 6,846.3 4.818.5 2,552.4 Interest 8,179.0 6,322.6 4,757.9 3,689.7 2,690.6 1,743.0 997.2 467.8 17 MIDDLE INCOME OIL IMPORTERS (USS MZ1)ions) 1972 1974 1978 1977 1978 1979 19P0 1981 PUBL!C AND PRIVATE DEBT DEBT OUTS.DISB. ONLY 48,859.2 73,096.1 101,241.2 123,650.3 157,164.4 191,720.S 223,480.2 259,412.8 DISBURSEMENTS 13,442.7 21,143.2 26,652.3 32,595.8 46,251.0 55,320.9 54,917.0 65,876.2 PRINCIPAL REPAYMENTS 5,082.4 7,811.6 10,174.1 12,457.4 18,818.0 21,658.0 22,491.0 25,189.2 NET FLOWS 8,360.3 13,331.6 16,478.2 20,138.3 27,433.0 33,662.9 32,426.0 40,687.0 INTEREST PAYMENTS 2,105.5 4,174.8 5,249.7 6,298.3 9,071.4 13,192.4 18,326.1 23,896.8 NET TRANSFERS 6,254.9 9,156.8 11,228.4 13,840.0 18,361.6 20,470.6 14,099.9 16,790.2 TOTAL DEBT SERVICE 7,187.8 11,986.4 15,423.8 18,755.7 27,889.4 34,850.4 40,817.1 49,086.0 1982 1983 1984 1985 1986 1987 1988 1989 PROJECTED PUBLIC AND PRIVATE DEBT SERVICE TOTAL DEBT SERVICE 58,896.2 58,312.2 53,099.2 51,959.0 49,867.1 43,021.8 36,074.0 26,751.5 PRINCIPAL 31,710.7 33,184.0 30,776.3 32,502.7 33,607.0 30,195.9 26,495.3 19,907.8 INTEREST 27,185.5 25,128.2 22,322.9 19,456.3 16,260.2 12,825.8 9,608.8 6,843.8 18 OIL EXPORTERS (USs nIh ions) 1972 1974 1976 1977 1978 1979 1980 1981 TOTAL DEBT OUTSTANDING DISBURSED ONLY TOTAL DEBT 23,651.2 38,044.0 62,329.4 79,783.1 99,801.4 115,050.5 129,532.1 147,648.3 Public / Publicly Guar. 17,260.0 29,480.3 51,432.8 67,924.1 87,394.6 101,140.2 111,791.2 125,201.0 Private Non-guaranteed 6,391.2 8,563.7 10,896.6 11,859.0 12.406.S 13,910.3 17,740.9 22,447.3 PUBLIC / PUBLICLY GUARANTEED DEBT DEBT OUTS. INC. UNDISB. 23,553.3 44,200.3 76,155.2 96,882.3 120,211.0 143,249.9 154,127.7 168,524.2 Official Creditors 14,389.8 22,550.5 35,557.2 44,117.5 51,197.7 57,138.7 64,814.8 67,510.0 Multilateral 3,977.8 6,612.2 10,293.0 13,843.8 16,179.5 19,479.4 23,003.5 26,523.0 IBRD 2,588.5 4,096.9 6,741.6 7,916.8 9,323.7 11,345.7 13,392.2 15,785.1 IDA 560.1 978.5 1,076.9 1,127.0 1,368.1 1,565.1 2,011.3 2,147.5 Bilateral 10,411.9 15,938.3 25,264.2 30,273.7 35,018.2 37,659.3 41,811.4 40,986.9 Private Creditors 9,163.6 21,649.8 40,598.0 52,764.8 69,013.3 86,111.2 89,312.9 101,014.2 Suppliers 3,893.3 7,092.6 9,497.2 10,577.2 11,318.6 11,489.9 11,333.8 12,063.3 Financial Markets 5,060.1 13,774.3 29,881.0 41,346.2 56,984.6 74,003.8 77,704.5 88,759.9 DEBT OUTS. DISB. (DOD) 17,260.0 29,480.3 51,432.8 67,924.1 87,394.6 101,140.2 111,791.2 125,201.0 Official Creditors 9,812.5 13,768.0 20,739.9 26,704.5 32,043.2 35,047.1 39,228.8 42,065.2 Multilateral 2,249.1 3,092.4 4,703.4 7,016.9 8,631.1 9,978.5 11,638.9 13,095.2 IERD 1,697.2 2,066.2 2,898.1 3,500.8 4,050.5 4,875.9 6,011.4 6,839.3 IDA 142.8 364.7 713.4 824.3 909.6 995.8 1,080.3 1,251.2 Bilateral 7,563.5 10,675.6 16,036.4 19,687.6 23,412.1 25,068.6 27,589.9 28,970.0 Private Creditors 7,447.5 15,712.2 30,692.9 41,219.6 55,351.4 66,093.1 72,562.3 83,135.8 Suppliers 2,795.4 4,501.8 5,802.3 6,725.4 7,822.3 8,5S7.6 8,376.9 7,805.1 Financial Markets 4,441.8 10,427.6 23,670.8 33,652.8 46,819.0 56,888.1 63,910.9 75,139.7 COMMITMENTS 5,273.2 13,114.2 20,499.2 24,647.9 28,800.6 38,446.9 26,490.8 35,221.0 Official Creditors 2,328.1 5,128.1 7,630.9 8,426.6 6,412.7 8,851.9 10,057.7 8,180.7 Multilateral 835.0 1,691.5 2,467.9 3,948.3 2,505.3 3,650.9 4,173.5 4,453.9 IBRD 519.4 1,128.8 1,831.1 1,513.0 1,572.3 2,258.0 2,363.3 2,928.9 IDA 168.6 122.5 44.8 54.5 243.0 198.5 451.4 150.7 Bilateral 1,493.2 3,436.5 5,163.0 4,478.2 3,907.3 5,201.0 5,884.2 3,726.8 Private Creditors 2,945.0 7,986.1 12,868.3 16,221.3 22,388.0 29,595.0 16,433.1 27,040.3 Suppliers 912.5 2,641.2 2,330.0 2,189.1 1.884.4. 2,172.2 2,730.1 4,710.7 Financial Markets 2,032.5 5,344.9 10,538.3 14,027.2 20,503.6 27,422.8 13,703.1 22.329.6 DISBURSEMENTS 4,252.4 8,267.9 15,296.3 21,014.1 26,244.9 28,313.5 24,715.3 31,106.2 Official Creditors 1,412.1 2,624.2 3,878.7 6,009.9 5,274.6 5,226.9 6,192.9 6,975.3 Multilateral 394.4 583.0 1,068.0 2,463.3 1,754.5 1,670.6 2,122.7 2,084.1 IBRD 239.2 350.3 588.4 737.1 711.0 1,047.6 1,400.4 1,168.2 IDA 48.8 106.5 167.1 114.5 87.1 87.6 87.3 179.5 Bilateral 1,017.7 2,041.2 2,810.7 3,546.6 3,520.2 3,556,3 4,070.1 4.891,2 Private Creditors 2,840.3 5,643.7 11,417.6 15,004.1 20,970.3 23.086.7 18.522.5 24.130,9 Suppliers 1,007.6 1,522.2 2,263.2 2,219.6 2,478.7 2,658.3 2,492.1 2,975.0 Financial Markets 1,832.7 4,121.6 9,154.3 12,779.5 18,491.5 20,428.4 16,030.3 21,155.8 PRINCIPAL REPAYMENTS 1,632.2 2,965.3 3,960.1 6,278.9 9,985.1 14,117.0 12,823.5 13,147.0 Official Creditors 558.0 747.7 745.7 978.2 1,296.3 1,804.1 2,040.7 2,734.4 Multilateral 107.2 134.4 160.6 203.3 231.7 313.8 414.0 521.0 IBRD 81.4 102.0 117.1 134.4 161.1 222.2 265.0 340.2 IDA 0.0 0.3 0.7 3.6 1.8 1.5 2.7 8.7 Bilateral 450.8 613.3 585.1 774.9 1,064.6 1,490.2 1,626.6 2,213.4 Private Creditors 1,074.2 2,217.6 3,214.4 5,300.7 8,688.9 12,312.9 10,782.9 10,412.5 Suppliers 431.1 862.9 1,440.1 1,583.4 1,808.2 1,872.2 2,417.7 2,481.0 Financial Markets 631.8 1,252.6 1,474.7 3,317.3 6,717.1 10,340.7 8,046.5 7,911.9 NET FLOWS 2,620.2 5,302.6 11,336.2 14,735.1 16,259.8 14,196.5 11,891.8 17,959.2 Official Creditors 854.1 1,876.5 3,133.0 5,031.7 3,978.4 3,422.8 4,152.2 4,240.9 Multilateral 287.2 448.5 907.4 2,260.0 1,522.8 1,356.7 1,708.7 1,563.0 IBRD 157.7 248.3 471.3 602.7 549.9 825.4 1,135.4 828.0 IDA 48.8 106.3 166.5 110.9 85.3 86.2 84.6 170.9 Bilateral 566.9 1,427.9 2,225.6 2,771.7 2,455.5 2,066.1 2,443.5 2,677.8 Pr-ivate Creditors 1,766.1 3,426.1 8,203.2 9,703.4 12,281.4 10,773.7 7,739.6 13,718.3 Suppliers 576.5 659.3 823.1 636.3 670.6 786.0 74.4 494.1 Financial Markets 1,200.8 2,869.0 7,679.6 9,462.2 11,774.5 10,087.7 7,983.8 13,243.9 INTEREST PAYMENTS(INT) 627.0 1,360.8 2,486.7 3,331.0 4,613.8 7,094.3 9,495.6 11,518.6 Official Creditors 282.3 400.4 620.0 998.3 1,282.1 1,337.5 1,518.4 1,887.7 Multilateral 123.6 178.6 260.2 370.1 558.0 561.4 645.7 806.1 IBRD 101.6 138.3 194.5 260.3 338.9 424.4 490.6 526.7 IDA 0.9 2.2 4.3 5.5 6.4 7.0 7.7 8.4 Bilateral 158.7 221.8 359.8 628.2 724.1 776.2 872.7 1,081.6 Private Creditors 344.7 960.4 1,866.7 2,332.7 3,331.7 5,756.7 7,977.2 9,630.8 Suppliers 104.4 145.9 260.2 263.5 420.8 560.0 599.3 506.5 Financial Markets 238.4 811.3 1,554.0 2,019.5 2,881.0 5,136.9 7,350.5 9,119.4 19 OIL EXPORTERS (USS Mi 1lions) 1972 1974 1976 1977 1978 1979 1S80 1981 NET TRANSFERS 1,993.2 3,941.8 8,849.4 11,404.1 11,646.0 7,102.3 2,396.2 6,440.6 Official Creditors 571.8 1,476.0 2,513.0 4,033.4 2,696.2 2,085.3 2,633.8 2,353.1 Multilateral 163.6 269.9 647.2 1,889.9 964.8 795.4 1,063.0 756.9 IBRD 56.1 110.0 276.8 342.4 211.0 401.0 644.8 30i.2 IDA 47.9 104.1 162.2 105.4 78.9 79.2 76.9 162.4 Bilateral 408.2 1,206.1 1,865.8 2,143.5 1,731.4 1,289.9 1,570.8 1,596.2 Private Creditors 1,421.4 2,465.7 6,336.4 7,370.7 8,949.7 5,017.0 -237.6 4,08'7.5 Suppliers 472.1 513.4 562.9 372.7 249.8 226.1 -524.9 -12.4 Financial Markets 962.4 2,057.7 6,125.6 7,442.7 8,893.5 4,950.7 633.4 4,124.5 TOTAL DEBT SERVICE(TDS) 2,259.2 4,326.1 6,446.9 9,609.9 14,599.0 21,211.3 22,319.1 24,665.5 Official Creditors 840.3 1,148.1 1,365.7 1,976.5 2,578.4 3,141.6 3,559.0 4,622.2 Multilateral 230.8 313.1 420.8 573.4 789.6 875.2 1,059.7 1,327.1 IBRD 183.1 240.3 311.6 394.6 500.0 646.6 755.6 866.9 IDA 0.9 2.5 4.9 9.1 8.2 8.5 10.4 17.1 Bilateral 609.5 835.1 944.9 1,403.1 1,788.8 2,266.4 2,499.3 3,295.1 Private Creditors 1,418.9 3,178.0 5,081.1 7,633.4 12,020.6 18,069.7 18,760.1 20,043.3 Suppliers 535.5 1,008.8 1,700.3 1,846.9 2,229.0 2,432.2 3,017.0 2,987.5 Financial Markets 870.2 2,063.9 3,028.7 5,336.9 9,598.1 15,477.7 15,397.0 17,031.3 AVERAGE TERMS: PUBLIC DEBT NEW COMMITMENTS ALL CREDITORS Interest (%) 6.0 7.7 7.1 7.1 8.6 10.3 9.6 12.8 Maturity (years) 15.5 15.5 12.3 11.3 11.8 11.0 13.5 10.6 Grace Period (years) 4.0 4.S 3.7 4.0 4.3 3.9 4.2 3.7 Grant Element (%) 23.0 14.8 14.7 14.3 8.4 1.4 5.2 -11.0 OFFICIAL CREDITORS Interest (%) 4.4 5.0 5.7 5.5 5.1 5.6 6.1 7.8 Maturity (years) 24.0 22.2 20.2 18.6 23.0 20.3 21.1 19.1 Grace Period (years) 5.9 7.5 5.6 5.4 5.8 5.6 5.5 5.0 Grant Element (%) 39.6 34.3 28.4 28.7 34.5 29.2 27.5 14.8 PRIVATE CREDITORS Interest l%) 7.3 9.5 8.0 8.0 9.6 11.7 il.7 14.4 Maturity (years) 8.7 11.2 7.7 7.5 8.6 8.3 9.0 8.0 Grace Period (years) 2.5 3.1 2.5 3.3 3.9 3.3 3.4 3.4 Grant Element (%) 10.0 2.4 6.5 6.8 1.0 -6.9 -8.2 -18.8 MAJOR ECONOMIC AGGREGATES (U.S. $ MILLIONS) Gross Nat. Product (GNP) 119,775 210.479 278,296 298.746 340,898 415,474 541,524 619,370 Exports of G. & S. (XGS) 19,554 58.077 63.425 73,260 78,714 114,323 155,373 Imports of G. & S. (MGS) 22,636 51,480 72,676 85,674 100,410 120,437 155,927 Intl. Reserves (RES) 7,453 25,554 26,685 29,059 28,204 46,332 59,881 49,467 PRINCIPAL RATIOS DOD/XGS % 88.3 50.8 81.1 92.7 111.0 88.5 72.0 DOD/GNP % 14.4 14.0 18.5 22.7 25.6 24.3 20.6 20.2 TDS/XGS % 11.6 7.4 10.2 13.1 18.5 18.6 14.4 .. TDS/GNP % 1.9 2.1 2.3 3.2 4.3 5.1 4.1 4.0 INT/XGS % 3.2 2.3 3.9 4.5 5.9 6.2 6.1 INTjGNP % 0.5 0.6 0.9 1.1 1.4 1.7 1.8 1.9 RES/DOD % 43.2 86.7 51.9 42.8 32.3 45.8 53.6 39.5 RES/MGS months) 4.0 6.0 4.4 4.1 3.4 4.6 4.6 MEMORANDA Proportion of Disbursed Debt Concessional Loans (%) 39.1 33.2 27.6 26.5 24.5 22.4 22.1 20.7 Var. Int. Rate Loans (% 10.0 23.5 30.3 32.3 35.4 40.8 42.4 47.1 Use of IMF Credit(US$ mil 209.8 120.4 869.9 1,062.6 1,074.3 1,020.9 671.8 720.6 1982 1983 1984 1985 1986 1987 1988 1989 PROJECTED PUBLIC DEBT SERVICE TOTAL DEBT SERVICE 29,895.2 30,946.9 28,382.8 26,866.6 24,242.2 24,163.7 16,739.4 12,801.6 Principal 16,690.9 18,463.9 17,286.8 17,163.6 16,199.9 17,822.8 12,328.5 9,548.1 Interest 13,204.3 12,483.0 11,096.0 9,703.0 8,042.2 6,340.8 4,410.9 3,253.5 OFFICIAL CREDITORS 5,647.2 6,084.3 6,526.0 6,810.3 6,681.7 6,528.8 5,894.4 5,505.4 Principal 3,492.3 3,723.5 4,052.1 4,312.9 4,273.8 4,268.5 3,814.8 3,604.4 Interest 2,154.9 2,360.9 2,473.9 2,497.4 2,408.0 2,260.3 2,079.6 1,901.0 PRIVATE CREDITORS 24,248.1 24,862.6 21,856.8 20,056.3 17,560.4 17,634.8 10,845.0 7,296.2 Principal 13,198.6 14,740.5 13,234.7 12,850.7 11,926.2 13,554.3 8,513.7 5,943.8 Interest 11,049.5 10,122.1 8,622.2 7,205.6 5,634.3 4,080.5 2,331.2 1,352.4 20 CIL EXPORTERS (USS Milliorns) 1972 1974 1976 1977 1978 1979 1980 1981 PRIVATE NON-GUARANTEED DEBT DEBT OUTS.DISB. ONLY 6,391.2 8,563.7 10,896.6 11,859.0 12,406.8 13,910.3 17,740.9 22,447.3 Official Sources . .. .. Private Sources .. .. .. Foreign Parent Coinp. . . .. Financial Institutions .. .. .. . Suppliers .. . . . .. . . DISBURSEMENTS 1,503.6 2,754.7 2,931.9 3,009.9 2,800.7 4,360.2 6,503.9 5,658.4 Official Sources Private Sources Foreign Parent Comp. Financial Institutions .. .. .. Suppliers . .... PRINCIPAL REPAYMENTS 1,058.5 1,361.9 1,754.2 2,047.5 2,252.9 2,462.7 2,672.8 3,186.4 Official Sources .. .. .. .. .. .. Private Sources Foreign Parent Comp. Financial Institutions Suppliers NET FLOWS 445.1 1,392.8 1,177.7 962.4 547.8 1,897.5 3,831.1 2,472.0 Official Sources . .. Private Sources .. .. Foreign Parent Comp. Financial Institutions Suppliers .. .. .. .. . .. INTEREST PAYMENTS 277.2 555.3 652.4 742.9 890.9 1,187.7 1,666.3 2,931.9 Official Sources .. .. .. .. .. .. Private Sources Foreign Parent Comp. ' ' Financial Institutions Suppliers . .. .. .. .. .. . NET TRANSFERS 167.9 837.5 525.3 219.5 -343.1 709.8 2,164.8 -459.9 Official Sources Private Sources *- *- .. . Foreign Parent Comp. Financial Institutions Suppliers TOTAL DEBT SERVICE 1,335.7 1,917.2 2,406.6 2,790.4 3,143.8 3,650.4 4,339.1 6,118.3 Official Sources .. .. .. .. .. .. Private Sources .. .. Foreign Parent Comp. ' Financial Institutions Suppliers .. .. .. .. .. .. .. 1982 1983 1984 1985 1986 1987 1988 1969 PROJECTED NON-GUARANTEED DEBT SERVICE TOTAL DEBT SERVICE 6,411.4 6,009.3 4,973.0 4,286.6 3,423.4 2,476.1 2,023.5 1,346.6 Principal 3,857.8 3,894.6 3,317.0 3,035.5 2,514.6 1,845.9 1,597.0 1,075.1 Interest 2,553.6 2,114.7 1,656.0 1,251.1 908.8 630.2 426.5 271.5 21 OIL EXPORTERS (USs Millions) 1972 1974 1976 1977 1978 1979 1S80 19R1 PUBLIC AND PRIVATE DEBT DEBT OUTS.DISB. ONLY 23,651.2 38,044.0 62,329.4 79,783.1 99,801.4 115,050.5 129,532.1 147,648.3 DISBURSEMENTS 5,756.0 11,022.6 18,228.2 24,024.0 29,045.6 32,673.7 31,219.2 36,764.6 PRINCIPAL REPAYMENTS 2,690.7 4,327.2 5,714.3 8,326.4 12,238.0 16,579.7 15,49S.3 16,333.4 NET FLOWS 3,065.3 6,695.4 12,513.9 15,697.5 16,807.6 15,094.0 15,722.9 20,431.2 INTEREST PAYMENTS 904.2 1,916.1 3,139.1 4,073.9 5,504.7 8,282.0 11,161.9 14,450.5 NET TRANSFERS 2,161.1 4,779.3 9,374.7 11,623.6 11,302.9 7,812.1 4,561.0 5,980.7 TOTAL DEBT SERVICE 3,594.9 6,243.3 8,853.5 12,400.3 17,742.8 24,861.7 26,658.2 30,783.8 1982 1983 1984 1985 1986 1987 1988 1989 PROJECTED PUBLIC AND PRIVATE DEBT SERVICE TOTAL DEBT SERVICE 36,306.6 36,956.2 33,355.8 31,153.2 27,665.6 26,639.8 18,762.9 14,148.2 PRINCIPAL 20,548.7 22,358.5 20,603.8 20,199.1 18,714.5 19,668.7 13,925.5 10,623.2 INTEREST 15,757.9 14,597.7 12,752.0 10,954.1 8,951.0 6,971.0 4,837.4 3,525.0 22 MAJOR BORROWERSd (US$ M;I!! icns) 1972 1974 1976 1977 1978 1979 1980 1981 TOTAL DEBT OUTSTANDING DISBURSED ONLY TOTAL DEBT 59,262.9 89,053.1 128,628.6 156,252.4 195,054.1 228,992.4 260,110.9 299,796.7 Public / Publicly Guar. 44,017.2 66,515.6 99,822.7 122,664.7 155,317.8 182,119.6 205,570.9 227,540.1 Private Non-guaranteed 15,245.7 22,537.5 28.805.9 33,587.7 39,736.3 46,872.8 54,540.0 72,256.6 PUBLIC / PUBLICLY GUARANTEED DEBT DEBT OUTS. INC. UNDISB. 57,782.4 89,403.9 135,856.5 166,970.4 208,435.1 241,841.5 268,85E.6 293,949.7 Official Creditors 37,898.1 52,309.2 69,847.3 82,410.1 97,093.7 106,210.1 121,579.2 129,447.4 Multilateral 10,152.2 15,164.1 22,161.6 27,900.5 34,361.6 39,972.6 47,150.7 54,740.3 IBRD 5,286.9 7,392.2 11,965.1 14,086.1 17,459.9 20.868.3 24,038.8 28,984.8 IDA 2,930.2 4,636.5 5,530.0 6,393.6 8,179.0 8,869.8 11,173.2 12,567.7 Bilateral 27,745.9 37, 145. 1 47,685.7 54,509.6 62,732.1 66,237.5 74,428.4 74,707.1 Private Creditors 19,884.3 37,094.7 66,009.2 84,560.3 111,341.4 135,631.4 147,277.4 164,502.3 Suppliers 7,824.6 11,586.2 15,757.1 17,395.8 19,634.5 19,759.7 20,137.3 20,784.2 Financial Markets 11,480.8 24,452.2 48,514.9 65,840.2 90,573.7 114,885.1 126,548.0 143,255.8 DEBT OUTS. OISE. (DOD) 44,017.2 66,515.6 99,822.7 122,664.7 155,317.8 182,119.6 205,570.9 227,540.1 Official Creditors 27,786.2 37,259.2 48,948.4 56,730.0 66,213.8 72.696.5 81,866.6 87,177.9 Multilateral 5,723.2 8,372.9 12,368.8 15,710.6 18,730.7 21,861.3 25,662.1 29,209.6 IBRD 2,907.1 3,948.9 5,770.9 6,863.5 8,108.9 9,869.9 11,721.5 13,724.5 IDA 1,844.3 2,797.7 4,163.7 4,603.8 5,004.5 5,623.4 6,340.1 7,254.5 Bilateral 22,063.0 28,886.3 36,579.6 41,019.4 47,483.1 50,835.3 56,204.5 57,968.3 Private Creditors 16,231.0 29,256.3 50,874.3 65,934.6 89,103.9 109,423.0 123,704.3 140.362.2 Suppliers 5,787.8 7,773.5 9,416.7 11,123.8 14,099.0 13,926.9 i4,530.2 12.948.0 Financial Markets 9,865.7 20,A26.5 39,720.4 53,486.6 73,871.7 94,509.5 108,582.0 126,951.9 COMMITMENTS 11,48S.4 22,018.8 32,773.6 36,888.0 48,625.5 56,916.5 50,440.8 57,047.2 Official Creditors 5,758.1 9,329.8 11,296.3 13,016.4 13,166.9 13,509.8 21,194.1 17,186.8 Multilateral 2,096.9 3,216.8 3,986.7 6,389.4 6,790.9 6,384.8 8,951.2 S.384.9 IBRD 1,114.7 1,610.6 2,991.0 2,700.0 3.773.0 3,873.0 4.190.0 5,868.0 IDA 467.7 840.6 40.0 878.0 1,797.5 714.5 2,364.7 1,533.6 Bilateral 3,661.2 6,113.0 7,309.6 6,627.0 6,375.9 7,125.0 12.242.9 7,802.0 Private Creditors 5,728.3 12,689.1 21,477.3 23,871.6 35.458.6 43.406.7 29,246.7 39,860.4 Suppliers 1.589.6 3,927.1 4,131.5 3,037.9 3,707.4 4,550.5 3,315.3 6,479.8 Financial Markets 4,138.6 8,762.0 17,345.8 20,833.7 31,751.3 38.856.2 25,931.4 33,380.6 DISBURSEMENTS 9,461.8 15,720.0 25,571.3 29,834.1 41,970.4 49,032.9 43,605.4 49,605.9 Official Creditors 3,729.3 6,204.9 7,673.3 8,364.7 8,887.3 10,169.5 13,259.1 12,759.8 Multilateral 986.4 1,781.2 2.471.8 3,715.1 3,357.7 3,785.8 4,891.2 4.894.2 IBRD 524.5 868.4 1,219.1 1,453.8 1,629.4 2,208.8 2,425.4 2,749.3 IDA 227.6 521.6 705.3 451.8 412.6 634.3 735.6 941.3 Bilateral 2,742.9 4,423.6 5,201.4 4,649.6 5,529.5 6,383.7 8,267.9 7,865.6 Private Creditors 5.732.5 9,515.1 17,898.0 21,469.3 33,083.2 38,863.4 30,346.3 36,846.1 Suppliers 1,842.6 2,161.5 3,341.7 3,545.1 4,885.2 3,768.2 3,417.0 3,606.3 Financial Markets 3,889.8 7,353.6 14,556.3 17,924.3 28,198.0 35,095.2 26,929.3 33,239.8 PRINCIPAL REPAYMENTS 3,311.0 5,233.1 6,764.2 10,248.8 15,717.0 21,117.7 19,637.1 20,664.6 Official Creditors 1,266.5 1,682.2 2,036.9 2,400..3 2,665.5 3,552.9 3,834.2 4,443.8 Multilateral 287.0 289.3 389.3 527.1 570.7 667.4 923.4 1,076.9 IBRD 167.8 206.1 261.5 361.2 383.0 447.8 573.9 743.4 IDA 1.8 5.9 10.2 11.7 12.2 15.3 18.9 24.7 Bilateral 979.5 1,392.9 1,647.6 1,873.2 2,094.7 2,885.5 2.910.8 3,366.9 Private Creditors 2,044.5 3.550.9 4,727.3 7,848.4 13,051.5 17,564.9 15,803.0 16,220.8 Suppliers 843.8 1,443.0 2,119.9 2,416.7 2,789.3 3,371.8 3,506.4 3,582.8 Financial Markets 1,162.6 2,059.0 2,492.5 4,933.9 10,038.8 14,039.1 11,925.8 12,571.8 NET FLOWS 6,150.8 10,486.9 18,807.1 19,585.3 26,253.4 27,915.2 23,968.3 28,941.3 Official Creditors 2,462.8 4,522.7 5,636.4 5,964.4 6,221.8 6,616.6 9,424.9 8,316.1 Multilateral 699.4 1,491.9 2,082.6 3,188.0 2,787.0 3,118.4 3,967.8 3,817.3 IBRD 356.7 662.3 957.6 1,092.6 1,246.4 1,761.0 1,851.5 2,005.8 IDA 225.9 515.7 695.1 440.1 400.4 618.9 716.7 916.6 Bilateral 1,763.4 3,030.7 3,553.8 2,776.4 3,434.8 3,498.3 5,457.1 4,498.8 Private Creditors 3,688.0 5,964.2 13,170.7 13.620.9 20,031.6 21,298.6 14,543.4 20,625.3 Suppliers 998.8 718.5 1l221.8 1,128.4 2.095.8 396.4 -89.4 23.5 Financial Markets 2,727.3 5,294.6 12,063.8 12.990.4 18,159.2 21,056.1 15,003.6 20,668.0 INTEREST PAYMENTS(INT) 1,481.7 2,799.1 4,552.4 5,722.9 7,923.5 11,638.1 16,052.0 19,861.8 Official Creditors 758.1 1,051.2 1,595.1 2,083.9 2,498.1 2,630.0 3,056.2 3,624.2 Multilateral 248.1 384.3 576.9 765.2 1,095.5 1,173.3 1,344.2 1,516.1 IBRD 173.4 271.8 392.1 499.0 684.6 845.1 971.1 1,019.8 IDA 16.4 18.5 26.6 31.4 34.7 38.5 43.2 49.1 Bilateral 510.0 666.9 1,018.2 1,318.7 1,402.6 1,456.7 1,712.0 2,108.1 Private Creditors 723.6 1,747.9 2,957.3 3,639.0 5,425.4 9,008.1 12,995.8 16,237.6 Suppliers 261.4 367.5 533.4 523.8 751.8 938.4 982.5 938.8 Financial Markets 444.9 1,360.3 2,327.4 3,024.2 4,605.5 7,980.2 11,954.7 15,272.2 23 MAJOR BORROWERS d (US$ Millions) 1972 1974 1976 1977 1978 1979 1980 1981 NET TRANSFERS 4,669.1 7,687.8 14,254.6 13,862.4 18,330.0 16,277.1 7,916.3 9,079.6 Official Creditors 1,704.7 3,471.5 4,041.3 3,880.5 3,723.7 3,986.7 6,368.7 4,691.8 Multilateral 451.3 1,107.7 1,505.7 2,422.8 1,691.5 1,945.1 2,623.6 2,301.2 IBRD 183.3 390.4 565.5~ 593.6 561.8 915.9 880.4 986.0 IDA 209.5 497.2 668.5 408.7 365.8 580.5 673.5 867.5 Bilateral 1,253.4 2,363.8 2,535.6 1,457.7 2,032.2 2,041.6 3.745.1 2,390.7 Private Creditors 2,964.4 4,216.3 10,213.3 9,981.9 14,606.3 12,290.5 1,547.5 4,387.7 Suppliers 737.5 351.0 688.4 604.6 1,344.0 -542.0 -1,072.0 -915.4 Financial Markets 2,282.3 3,934.4 9,736.3 9,966.1 13,553.6 13,076.0 3,048.9 5,395.8 TOTAL DEBT SERVICE(TDS) 4,792.6 8,032.2 11,316.6 15,971.7 23,640.5 32,755.8 35,689.2 40,526.4 Official Creditors 2,024.6 2,733.4 3,631.9 4,484.3 5,163.5 6,1S2.9 6,890.4 8,068.0 Multilateral 535.1 673.6 966.1 1,292.3 1,666.2 1,840.7 2,267.6 2,593.0 IBRD 34i.2 477.9 653.6 860.2 1,067.6 1,292.9 1,545.0 1,763.2 IDA 18.1 24.5 36.8 43.1 46.8 53.8 62.1 73.8 Bilateral 1,489.5 2,059.9 2,665.8 3,192.0 3,497.3 4,342.2 4,622.8 5,475.0 Private Creditors 2,768.0 5,298.8 7,684.7 11,487.4 18,476.9 26,573.0 28,798.8 32,458.4 Suppliers 1,105.2 1,810.5 2,653.3 2,940.5 3,541.1 4,310.3 4,489.0 4,521.6 Financial Markets 1,607.5 3,419.3 4,820.0 7,958.1 14,644.4 22,019.2 23,880.4 27,844.0 AVERAGE TERMS: PUBLIC DEBT NEW COMMITMENTS ALL CREDITORS Interest Y%) 5.9 7.6 7.3 7.2 8.6 10.3 9.9 12.6 Maturity years) 17.4 16.8 13.5 13.1 13.8 12.5 15.5 12.7 Grace Period (years) 4.9 5.2 4.2 4.5 4.6 4.5 4.6 4.0 Grant Element (%) 25.4 16.9 14.6 15.5 9.9 1.2 5.9 -9.2 OFFICIAL CREDITORS Interest (%) 4.5 4.9 6.4 5.6 5.3 5.7 5.9 8.0 Maturity (years) 25.4 24.7 22.3 22.6 26.4 23.7 23.9 21.6 Grace Period (years) 6.8 7.6 6.7 6.5 6.6 6.3 6.1 5.5 Grant Element (%) 39.6 37.6 25.2 31.5 35.S 31.5 30.3 15.1 PRIVATE CREDITORS Interest (%) 7.3 9.7 7.8 8.1 9.8 11.8 12.9 14.6 Maturity (years) 9.4 11.0 8.9 7.9 9.1 9.1 9.0 8.9 Grace Period (years) 3.1 3.3 2.9 3.3 3.9 3.9 3.5 3.A Grant Element (%) 11.1 1.5 8.8 6.7 0.2 -8.3 -12.8 -19.7 MAJOR ECONOMIC AGGREGATES (U.S. $ MILLIONS) Gross Nat. Product (GNP) 294,521 492,298 613,347 682,777 799,657 975,428 1,154,876 Exports of G. & S. (XGS) 33,184 74,585 88,308 105,294 120,535 155,876 . Imports of G. & S. (MGS) 39,291 88,141 105.617 124,635 149,942 190.518 Intl. Reserves (RES) 15,148 30.096 35,682 43,741 55,813 75,427 79,320 67,911 PRINCIPAL RATIOS b DOD/XGS (%) 132.6 89.2 113.0 116.5 128.9 116.8 101.7 DOD/GNP % 14.9 13.5 16.3 18.0 19.4 18.7 17.8 TDS/XGS % 14.4 10.8 12.8 15.2 19.6 21.0 17.7 TDS/GNP % 1.6 1.6 1.8 2.3 3.0 3.4 3.1 INT/XGS % 4.5 3.8 5.2 5.4 6.6 7.5 7.9 INT/GNP % 0.5 0.6 0.7 0.8 1.0 1.2 1.4 RES/DOD % 34.4 45.2 35.7 35.7 35.9 41.4 38.6 29.8 RES/MGS (months) 4.6 4.1 4.1 4.2 4.5 4.8 3.9 MEMORANDA Proportion of Disbursed Debt Concessional Loans (%) 48.6 41.8 35.3 32.9 29.2 26.3 25.3 23.1 Var. Int. Rate Loans (%) 8.0 18.9 27.0 29.1 32.0 38.2 40.1 44.9 Use of IMF Credit(US$ mil) 508.2 1,341.3 3,490.0 3,109.3 2,508.5 2,161.0 3,336.3 4,728.3 1982 1983 1984 1985 1986 1987 1988 1989 PROJECTED PUBLIC DEBT SERVICE TOTAL DEBT SERVICE 48,016.2 47,966.4 45,896.7 44,794.3 42,717.5 40,725.9 31,978.3 24,919.8 Principal 24,883.5 25,988.9 25,975.9 27,119.2 27,759.1 28,666.5 23,086.5 18,390.0 Interest 23,132.7 21,977.6 19,920.9 17,675.1 14,958.4 12,059.4 8,891.8 6,529.8 OFFICIAL CREDITORS 10,172.5 11,059.6 11,669.6 12,138.7 12,047.6 11,871.6 11,067.8 10,443.1 Principal 5,838.6 6,388.4 6,864.5 7,373.4 7,460.3 7,548.6 7,098.9 6,853.3 Interest 4,333.9 4,671.2 4,805.1 4,765.3 4,587.3 4,323.0 3,968.9 3,589.9 PRIVATE CREDITORS 37,843.6 36,906.8 34,227.2 32,655.7 30,669.9 28,854.3 20,910.5 14,476.6 Principal 19,044.8 19,600.5 19,111.4 19,745.8 20.298.8 21,117.9 15,987.6 11,536.7 Interest 18,798.8 17,306.4 15,115.8 12,909.9 10.371.2 7,736.4 4,922.9 2,939.9 24 MAJOR BORROWERS d (USS Millions) 1972 1974 1976 1977 1978 1979 1980 1981 PRIVATE NON-GUARANTEED DEBT DEBT OUTS.DISB. ONLY 15,245.7 22,537.5 28,805.9 33,587.7 39,736.3 46,872.8 54,540.0 72,256.6 Official Sources . . . .. .. . Private Sources .. . . . .. Foreign Parent Comp. . .. Financial Institutions . .. Suppliers .. . . . .. . DISBURSEMENTS 5,295.9 8,393.0 7,979.6 10,056.4 11.458.4 13,743.5 16,135.7 24,078.6 Offic4al Sources . . . .. .. . Private Sources Foreign Parent Comp. Financial Institutions .. .. Suppliers .. .. PRINCIPAL REPAYMENTS 2,292.7 3,725.4 4,516.2 5,295.7 6,215.0 7,709.1 8,303.8 9,033.2 Official Sources . .. .. .. .. . . Private Sources .. . .. .. .. .. Foreign Parent Comp. Financial Institutions . Suppliers . .. .. .. .. .. NET FLOWS 3,003.2 4,667.6 3,463.4 4,760.7 5,243.4 6,034.4 7,831.9 15,045.4 Official Sources . .. . . .. . Private Sources . . . .. . .. Foreign Parent Comp. .. .. .. .. .. Financial Institutions .. Suppliers . INTEREST PAYMENTS 716.3 1,809.7 1,746.5 1,960.2 2,778.3 4,102.3 5,394.3 8,560.6 Official Sources .. . .. .. .. .. Private Sources Foreign Parent Comp. Financial Institutions Suppliers .. .. . .. .. .. NET TRANSFERS 2,286.9 2,857.9 1,716.9 2,800.5 2,465.1 1,932.1 2,437.6 6,484.8 Official Sources .. .. . .. .. .. . Private Sources .. .. Foreign Parent Comp. .. .. Financial Institutions .. .. .. .. .. Suppliers .. .. .. .. .. TOTAL DEBT SERVICE 3,009.0 5,535.1 6,262.7 7,255.9 8,993.3 11,811.4 13,698.1 17,593.8 Official Sources .. .. .. .. . .. . Private Sources .. .. . .. .. .. . Foreign Parent Comp. . .. Financial Institutions .. .. Suppliers .. .. .. .. .. .. . 1982 1983 1984 1985 1986 1987 1988 1989 PROJECTED NON-GUARANTEED DEBT SERVICE TOTAL DEBT SERVICE 22,038.7 21,248.2 14,622.9 13,367.4 11,166.1 8,577.0 6,179.0 3,173.8 Principal 13,397.9 14,489.0 9,514.1 9,409.8 8,271.2 6,672.1 5,041.4 2,619.1 Interest 8,640.8 6,759.2 5,108.8 3,957.6 2,894.9 1,904.9 1,137.6 554.7 25 MAJOR BORROWERSd ',S/ Millions) 1972 1974 1976 1977 1978 1979 1980 1981 PUBLIC AND PRIVATE DEBT DEBT OUTS.DISS. ONLY 59,262.9 89,053.1 128,828.6 156,252.4 195,054.1 228,992.4 260,110.9 299,795.7 DISBURSEMENTS 14,757.7 24,113.0 33,550.9 39,890.5 53,428.8 62,776.4 59,741.1 73,684.5 PRINCIPAL REPAYMENTS 5,603.7 8,958.5 11,280.4 15,544.5 21,932.0 28,826.8 27,940.9 29,697.8 NET FLOWS 9,154.0 15,154.5 22,270.5 24,345.0 31,496.8 33,949.6 31,800.2 43,98S.7 INTEREST PAYMENTS 2,198.0 4,808.8 6,298.9 7,683.1 10,701.8 15,740.4 21,446.3 28,422.4 NET TRANSFERS 6,956.0 10,545.7 15,971.5 16,662.9 20,795.1 18,209.2 10,353.9 15,564.4 TOTAL DEBT SERVICE 7,801.6 13,567.3 17,579.3 23,227.6 32,633.8 44,567.2 49,387.3 58,120.2 1982 1983 1984 1985 1986 1987 1988 1989 PROJECTED PUBLIC AND PRIVATE DEBT SERVICE TOTAL DEBT SERVICE 70,054.9 69,214.6 60,519.6 58,161.7 53,883.6 49,302.9 38,157.3 28,093.6 PRINCIPAL 38,281.4 40,477.9 35,490.0 36,529.0 36,030.3 35,338.6 28,127.9 21,009.1 INTEREST 31,773.5 28,736.8 25,029.7 21,632.7 17,053.3 13,964.3 10,029.4 7,084.5 26 AFRICA, SOUTH OF THE SAHARA (USS Mi i I ions) 1972 1974 1976 1977 1978 1979 1S80 1981 TOTAL DEBT OUTSTANDING DISBURSED ONLY TOTAL DEBT 7,571.0 12,558.1 17,807.5 22,005.7 28,827.8 35,861.3 41,756.8 45,549.7 Public / Publicly Guar. 7,112.4 11,616.3 16,524.9 20,640.3 27,026.1 33,478.9 38,886.8 42,317.0 Private Non-guaranteed 458.6 941.8 1,282.6 1,365.4 1,801.7 2,382.4 2,870.0 3.232.7 PUBLIC / PUBLICLY GUARANTEED DEBT DEBT OUTS. INC. UNDISB. 10,618.1 18,607.3 25,923.9 31,882.9 41,170.7 52,132.4 58,3S1.7 64,019.0 Official Creditors 7,751.3 12,773.2 17,699.8 21,449.2 26,158.9 31,358.3 36,806.4 39,453.4 Multilateral 2,342.9 4,030.0 6,S86.5 8,194.6 iO,176.9 12,617.5 15,339.7 17,564.8 IBRD 1,303.3 1,857.4 2,883.0 3,321.4 3,728.6 4,226.3 4,590.1 5,535.9 IDA 860.1 1,589.5 2,421.0 2,805.5 3,360.3 3,878.7 4,808.6 5,596.0 Bilateral 5,408.4 8,743.2 11,113.4 13,254.4 15,982.0 18,740.8 21,466.8 21,888.5 Private Crectitors 2,866.8 5,834.1 8.224.1 10,433.6 15,011.8 20,774.1 21,575.2 24,565.6 Suppliers 1,357.9 2,174.9 3,156.6 3,745.2 4,152.5 4,474.6 3,690.8 3,261.0 Financial Markets 1,244.3 3,202.3 5,016.6 6,644.4 10,816.5 16,280.1 17.868.1 21,302.5 DEBT OUTS. DISB. (DOD) 7,112.4 11,616.3 16,S24.9 20,640.3 27,026.1 33,478.9 38,886.8 42,317.0 Official Creditors 4,797.8 7,352.4 10,589.0 12,826.8 15,446.4 19,141.1 22,993.6 25,434.6 Multilateral 1,321.0 1,996.7 3,170.3 4,074.9 5,441.7 6,759.1 8,423.4 92721.2 IBRD 832.1 1,041.2 1.493.1 1,725.4 2,016.5 2,262.1 2,548.8 2.854.2 IDA 395.6 679.2 1,157.4 1,486.5 1,801.4 2,158.0 2,573.0 3,089.2 Bilateral 3,476.8 5.355.6 7,418.7 8,751.9 10,004.8 12,382.0 14,570.1 15,713.5 Private Creditors 2,314.6 4,263.9 5,935.8 7,813.5 11,579.7 14,337.8 15,893.2 16,882.4 Suppliers 1,015.4 1,599.5 2,271.4 2,920.9 3,336.5 3,603.2 3,093.2 2,732.5 Financial Markets 1,034.6 2,207.5 3,613.5 4,848.6 8,200.4 10,715.2 12,783.8 14,147.7 COMMITMENTS 1,987.4 4,273.1 5,421.9 6,091.5 9,407.6 12,521.2 10,688.2 11,978.5 Official Creditors 1,247.9 2,733.4 2,898,8 3.613.0 4,678.6 5,700.0 6,381.0 5,480.2 Multilateral 461.9 889.7 1,247.0 1,629.5 1,938.2 2,545.3 3,132.6 2,991.4 IBRD 193.6 264.5 376.9 504.6 482.9 602.5 485.7 1,079.8 IDA 223.9 334.1 400.5 397.2 560.2 552.0 964.5 866.4 Bilateral 785.9 1,843.7 1,651.7 1,983.6 2,740.4 3,154.7 3,248.4 2,488.8 Private Creditors 739.5 1,539.7 2,523.2 2,478.5 4,729.0 6,821.1 4,307.2 6,498.3 Suppliers 271.7 426.0 773.4 735.0 574.4 806.4 437.2 469.1 Financial Markets 460.1 1,113.6 1,749.8 1,738.5 4,154.6 6,014.8 3,870.0 6,029.2 DISBURSEMENTS 1,489.3 2,674.4 3,871.7 4,514.0 6,791.9 7,710.6 8,888.8 7,986.2 Official Creditors 911.6 1,499.4 2,045.0 2,279.8 2,751.0 3,930.0 4,380.5 4,163.3 Multilateral 316.2 418.2 712.1 961.7 1,403.5 1,430.4 1,937.1 1,778.9 IRRD 185.3 153.5 284.0 290.7 362.6 345.5 399.9 422.0 IDA 83.7 133.0 281.3 336.3 323.5 364.9 424.7 555.9 Bilateral 595.4 1,081.2 1,332.9 1,318.1 1,347.5 2,499.6 2,443.4 2,384.4 Private Creditors 577.7 1,175.0 1,826.7 2,234.2 4,040.9 3,780.6 4,508.3 3,822.9 Suppliers 247.8 490.1 624.9 812.0 598.9 697.3 629.0 446.5 Financial Markets 322.2 684.0 1,201.8 1,417.2 3,442.0 3,083.2 3,879.3 3,376.4 PRINCIPAL REPAYMENTS 439.2 693.8 1,021.8 979.8 1,293.7 1,685.4 2,106.6 2,569.4 Official Creditors 173.1 225.7 264.1 351.6 395.8 491.4 627.4 861.7 Multilateral 37.6 56.6 70.4 86.4 101.4 137.9 193.9 260.8 IBRD 34.7 45.3 51.9 58.4 71.5 98.6 111.7 120.1 IDA 0.5 0.8 3.4 7.2 6.3 7.0 9.7 42.4 Bilateral 135.5 169.0 193.7 265.2 294.3 353.5 433.5 600.8 Private Creditors 266.1 468.2 757.7 628.2 898.0 1,194.0 1,479.2 1,707.7 Suppliers 124.3 195.4 196.1 302.3 341.4 468.1 436.9 385.2 Financial Markets 112.5 180.9 232.3 313.5 554.7 704.0 1,040.2 1,309.8 NET FLOWS 1,050.1 1,980.5 2,849.8 3,534.2 5,498.2 6,025.2 6,782.2 5,416.8 Official Creditors 738.5 1,273.7 1,780.9 1,928.3 2,355.2 3,438.6 3,753.1 3,301.7 Multilateral 278.6 361.6 641.7 875.4 1,302.1 1,292.5 1,743.1 1,518.0 IBRD 150.6 108.1 232.1 232.3 291.1 246.9 288.3 302.0 IDA 83.2 132.3 277.9 329.1 317.2 357.8 415.0 513.5 Bilateral 459.9 912.2 1,139.2 1,052.9 1,053.2 2,146.2 2,010.0 1,783.6 Private Creditors 311.6 706.8 1,069.0 1,605.9 3,142.9 2,586.5 3,029.1 2,115.2 Suppliers 123.5 294.6 428.7 509.8 257.5 229.3 192.1 61.2 Financial Markets 209.7 503.1 969.6 1,103.7 2,887.3 2,379.2 2,839.1 2,066.6 INTEREST PAYMENTS(INT) 209.5 352.6 454.4 576.2 852.2 1,193.7 1,810.9 2,007.3 Official Creditors 119.2 175.4 247.0 309.6 393.5 498.2 675.0 640.4 Multilateral 50.7 82.1 122.2 148.9 199.8 257.2 288.4 300.9 IBRD 45.4 69.8 104.4 124.4 161.3 200.9 216.8 208.7 IDA 2.8 4.5 7.0 9.3 11.5 14.5 16.1 19.3 Bilateral 68.4 93.3 124.8 160.6 193.8 241.0 386.6 339.5 Private Creditors 90.4 177.2 207.4 266.6 458.6 695.5 1,135.9 1,366.9 Suppliers 28.5 48.8 61.3 63.0 107.1 137.7 155.8 132.4 Financial Markets 45.0 126.9 145.5 203.3 350.9 557.2 979.7 1,234.1 27 AFRICA, SOUTH OF THE SAHARA (USs Mil11ons) 1972 1974 1976 1977 1978 1979 1980 1981 NET TRANSFERS 840.6 1,627.9 2,395.5 2,958.0 4,646.0 4,831.4 4,971.3 3,409.6 Official Creditors 619.4 1,09S.3 1,533.9 1,613.7 1,961.7 2,940.4 3,078.1 2,661.2 Multilateral 227.9 279.4 519.5 726.4 1,102.3 1,035.3 1,454.7 1,217.1 IBRD 105.2 38.3 127.7 107.9 129.8 46.0 71.5 93.3 IDA 80.4 127.7 271.0 319.8 305.7 343.3 399.0 494.2 Bilateral 391.5 818.9 1,014.3 892.3 859.4 1,905.1 1,623.4 1,444.1 Private Creditors 221.2 529.6 861.6 1,339.3 2,684.3 1,891.0 1,893.2 748.3 Suppliers 95.0 245.8 367.5 446.7 150.5 91.6 36.3 -71.2 Financial Markets 164.7 376.2 824.0 900.4 2,536.4 1,821.9 1,859.4 832.5 TOTAL DEBT SERVICE(TDS) 648.8 1,046.5 1,476.2 1,556.0 2,145.9 2,879.2 3,917.6 4,576.6 Official Creditors 292.2 401.1 511.1 661.1 789.3 989.6 1,302.4 1,502.1 Multilateral 88.3 138.8 192.5 235.3 301.2 395.1 482.4 561.8 IBRD 80.1 115.2 156.3 182.8 232.8 299.5 328.4 328.8 IDA 3.3 5.3 10.3 16.5 17.7 21.6 25.7 61.7 Bilateral 203.9 262.3 318.5 425.8 488.1 594.5 820.1 940.3 Private Creditors 356.5 645.4 965.1 894.9 1,356.6 1,889.5 2,615.1 3,074.6 Suppliers 152.8 244.3 257.4 365.3 448.5 605.8 592.7 517.7 Financial Markets 157.5 307.8 377.8 516.8 905.6 1,261.3 2,020.0 2,543.9 AVERAGE TERMS: PUBLIC DEBT NEW COMMITMENTS ALL CREDITORS Interest (%) 4.4 5.2 5.5 5.5 6.6 8.1 7.3 10.1 Maturity (years) 20.4 19.8 18.6 18.6 16.6 15 1 18.4 15.8 Grace Period (years) 5.9 6.0 5.1 4.8 4.6 4.3 5.0 4.3 Grant Element (%) 37.2 33.9 30.0 29.4 23.3 14.5 22.3 6.7 OFFICIAL CREDITORS Interest (%) 3.1 3.3 3.4 4.0 3.8 4.4 3.8 5.2 Maturity (years) 27.6 25.7 27.2 25.5 25.j 22.6 25.0 24.9 Grace Period (years) 7.8 7.8 7.0 6.4 6.5 5.8 6.5 5.9 Grant Element R%) 52.1 50.4 49.4 43.7 45.1 38.3 44.9 34.8 PRIVATE CREDITORS Interest (%) 6.7 8.7 7.8 7.7 9.3 11.1 12.5 14.2 Maturity Nyears) 8.3 9.5 8.5 8.5 8.1 8.9 8.7 8.1 Grace Period (years) 2.6 2.9 2.8 2.4 2.8 3.1 2.8 2.9 Grant Element (%) 11.9 4.6 7.4 8.5 1.8 -5.4 -11.4 -16.9 MAJOR ECONOMIC AGGREGATES (U.S. S MILLIONS) Gross Nat. Product GNP) 52,500 74,874 101,855 123,022 141,095 168,073 208,615 183,538 Exports of G. & S. XGS) 9,331 23.046 25,537 31,460 28,786 37,676 . Imports of G. & S. (MGS) 11,317 20.778 29.674 36.866 38.469 41.007 . Intl. Reserves (RES) 2,139 8.167 7,696 7.475 5.410 10.219 14,988 7,853 PRINCIPAL RATIOS DOD/XGS %l 76.2 50.4 64.7 65.6 93.9 88.9 . DOD/GNP %) 13.5 15.5 16.2 16.8 19.2 19.9 18.6 23.1 TDS/XGS % 7.0 4.5 5.8 4.9 7.5 7.6 . TDS/GNP % 1.2 1.4 1.4 1.3 1.5 1.7 1.9 2.5 INT/XGS %) 2.2 1.5 1.8 1.8 3.0 3.2 . INT/GNP %< 0.4 0.5 0.4 0.5 0.6 0.7 0.9 1.1 RES/DOD %) 30.1 70.3 46.6 36.2 20.0 30.5 38.5 18.6 RES/MGS months) 2.3 4.7 3.1 2.4 1.7 3.0 * MEMORANDA Proportion of Disbursed Debt Concessional Loaris (%) 49.6 47.5 45.8 44.4 40.4 38.0 38.2 37.9 Var. Int. Rate Loans (%) 3.6 7.7 10.1 10.7 15.1 17.0 18.6 20.4 Use of IMF Credit(US$ mil) 126.7 345.9 941.5 988.6 1,238.1 1,682.2 1,949.9 3,407.8 1982 1983 1984 1985 1986 1987 1988 1989 PROJECTED PUBLIC DEBT SERVICE TOTAL DEBT SERVICE 7,233.5 8,345.5 8,731.2 8,715.6 8,002.7 6,776.7 5,476.8 4,400.5 Principal 4,265.7 5,163.3 5,633.3 5,977.5 5,775.2 5,051.8 4,177.7 3,422.4 Interest 2,967.8 3,182.2 3,097.9 2,738.1 2,227.5 1,724.9 1,299.1 978.1 OFFICIAL CREDITORS 2,602.6 2,999.4 3,163.8 3,298.9 3,491.8 3,315.4 3,128.2 2,939.7 Principal 1,588.1 1,894.8 2,022.4 2,189.6 2,443.8 2,363.8 2,276.2 2,187.4 Interest 1,014.6 1,104.6 1,141.4 1,109.3 1,048.0 951.6 852.0 752.3 PRIVATE CREDITORS 4,630.8 5,346.1 5,567.4 5,416.7 4,511.0 3,461.3 2,348.7 1,480.8 Principal 2,677.6 3,268.5 3,610.9 3,788.0 3,331.4 2,688.0 1,901.6 1,235.0 Interest 1,953.2 2,077.7 1,956.5 1,628.7 1,179.5 773.3 447.1 225.8 28 AFRICA, SOUTH OF THE SAHARA (USS Mi lions) 1972 1974 .976 1977 1978 1979 1980 1981 PRIVATE NON-GUARANTEED DEBT DEST OUTS.DISB. ONLY 458.6 941.8 1,282.6 1,365.4 1,801.7 2,382.4 2,870.0 3,232.7 Official Sources Private Sources *- - - * . .. Foreion Parent Comp. Financial Institutions Suppliers DISBURSEMENTS 158.8 385.7 325.0 414,8 667.0 914.4 1,145.4 1,060.2 Official Sources Private Sources ' - * * *- Foreign Parent Comp. Financial Institutions Suppliers . . . .. PRINCIPAL REPAYMENTS 87.0 160.4 205.0 331.6 234.2 327.5 465.3 644.1 Official Sources Private Sources *- .. . Foreign Parent Comp. Financial Institutions Suppliers*-*-*.... Suppliers. .. . . . . . . . . . . . . NET FLOWS 71.8 225.3 120.0 83.2 432.8 586.9 680.1 416.1 Official Sources Private Sources .. . Foreign Parent Comp. Financial Institutions Suppliers INTEREST PAYMENTS 24.9 57.6 72.1 93.4 121.5 179.3 244.0 303.6 Official Sources Private Sources Foreign Parent Comp. Financial Institutions .. .. .. .. . Suppliers. .... NET TRANSFERS 46.9 167.7 47.9 -10.2 311.3 407.6 436.1 112.5 Official Sources Private Sources - * * . Foreign Parent Comp. Financial Institutions Suppliers TOTAL DEBT SERVICE 111.9 218.0 277.1 425.0 355.7 506.8 709.3 947.7 Official Sources .. .. Private Sources * * *- Foreign .Parent Comp. '' Financial Institutions Suppliers .. .. 1982 1983 1984 1985 1986 1987 1988 1989 PROJECTED NON-GUARANTEED DEBT SERVICE TOTAL DEBT SERVICE 1,011.1 769.0 624.3 489.4 422.3 359.3 283.6 233.3 Principal 724.4 545.9 451.3 356.7 323.7 29i.3 242.3 209.7 interest 286.7 223.1 173.0 132.7 98.6 68.0 41.3 23.6 29 AFRICA, SOUTH OF THE SAHARA (US$ Mi lions) 1972 1974 1976 1977 1978 1979 1980 1981 PUBLIC AND PRIVATE DEBT DEBT OUTS.DISB. ONLY 7,S71.0 12,558.1 17,807.5 22,005.7 28,827.8 35,861.3 41,756.8 45,549.7 DISBURSEMENTS 1,648.1 3,060.1 4,196.7 4,928.8 7,458.9 8,625.0 10,034.2 9,046.4 PRINCIPAL REPAYMENTS 526.2 854.2 1,226.8 1,311.4 1,527.9 2,012.9 2,571.9 3,213.5 NET FLOWS 1,121.9 2,205.8 2,969.8 3,617.4 5,931.0 6,612.1 7,462.3 5,832.9 INTEREST PAYMENTS 234.4 410.2 526.5 669.6 973.7 1,373.0 2,054.9 2,310.9 NET TRANSFERS 887.5 1,795.6 2,443.4 2,947.8 4,957.3 5,239.0 5,407.4 3,522.1 TOTAL DEBT SERVICE 760.7 1,264.5 1,753.3 1,981.0 2,501.6 3,386.0 4,626.9 5,524.3 1982 1983 1984 1985 1986 1987 1988 1989 PROJECTED PUBLIC AND PRIVATE DEBT SERVICE TOTAL DEBT SERVICE 8,244.6 9,114.5 9,355.5 9,205.0 8,425.0 7,136.0 5,760.4 4,633.8 PRINCIPAL 4,990.1 5,709.2 6,084.6 6,334.2 6,098.9 5,343.1 4,420.0 3,632.1 INTEREST 3,254.5 3,405.3 3,270.9 2,870.8 2,326.1 1,792.9 1,340.4 1,001.7 30 BENIN (US$ Mif1ions) 1972 1974 1976 1977 1978 1979 1980 1981 IOTAL DEBT OUTSTANDING DISBURSED ONLY TOTAL DEBT .. .. .. Public / Publiciv Guar. 45.4 80.8 111.3 144.1 172.0 192.6 446.9 S49.0 Private Non-guaranteed . . . .. .. . .. PUBLIC / PUBLICLY GUARANTEED DEBT DEBT OUTS. INC. UNbISS. 93.8 140.0 237.3 288.7 357.8 440.5 723.8 718.9 Official Creditors 69.1 110.6 209.5 256.6 321.0 309.5 332.4 374.5 Multilateral 18.1 39.0 69.3 109.0 154.2 170.5 201.0 259.8 IBRD - - - - - - - - IDA 14.5 27.5 40.5 57.7 68.7 68.7 78.6 118.8 Bilateral 51.0 71.6 140.2 147.6 166.8 139.1 131.5 114.7 Private Creditcrs 24.7 29.4 27.8 32.1 36.9 131.0 391.4 344.4 Suppliers 11.2 15.8 17.2 21.9 22.7 24.0 21.3 16.6 Financial Markets 13.5 13.6 10.6 10.2 14.t 107.0 370.1 327.8 DEBT OUTS. DISB. (DOD) 45.4 80.8 111.3 144.1 172.0 192.6 446.9 549.0 Official Creditors 31.3 51.B 84.0 116.6 143.7 158.8 195.6 214.9 Multilateral 5.5 18.1 35.7 47.9 71.7 86.3 117.2 139.2 IBRD - - - - - - - - IDA 5.0 15.0 24.9 31.9 34.3 39.8 52.0 62.0 Bilateral 25.7 33.8 48.2 68.7 72.i 72.5 78.4 75.7 P,ivate Creditors 14.1 29.0 27.3 27.5 28.3 33.8 251.2 334.1 Suppliers 10.7 15.4 16.7 17.3 18.1 19.2 16.9 13.0 Financial Markets 3.4 13.6 10.6 10.2 10.1 14.5 234.3 321.0 COMMITMENTS 34.8 32.6 89.4 47.4 72.3 108.3 329.6 92.4 Official Creditors 24.5 28.7 85.3 43.3 68.3 15.8 38.6 81.2 Multilateral 6.1 5.6 18.0 38.2 41.7 15.8 34.4 77.5 IBRD - - - - - - - - IDA 6.1 0.6 9.0 17.2 11.0 - 10.0 49.1 Bilateral 18.4 23.0 67.3 5.2 26.6 - 4.3 3.7 Private Creoitors 10.3 3.9 4.1 4.1 4.0 92.5 291.0 11.2 Suppliers 0.2 2.5 4.1 4.1 - - - - Financial Markets 10.1 1.4 - - 4.0 92.5 291.0 11.2 DISBURSEMENTS 6.9 25.9 29.9 33.3 35.8 44.6 282.6 172.3 official Creditors 5.4 10.5 25.8 33.3 35.8 39.3 45.1 44.3 Multilateral 2.6 5.1 9.9 11.8 22.6 14.7 33.2 35.9 IBRO - - - - - - - - IDA 2.1 4.1 5.9 7.0 2.4 5.5 12.3 18.3 Bilateral 2.8 5.4 15.9 21.5 13.3 24.6 11.9 8.5 Private Creditors 1.5 15.4 4.1 - - 5.2 237.5 128.0 Suppliers 1.5 5.0 4.1 - - - - - Financial Markets - 10.5 - - - 5.2 237.5 128.0 PRINCIPAL REPAYMENTS 2.4 5.5 3.4 3.0 3.6 2.5 4.5 12.2 Official Creditors 1.5 2.7 2.5 2.0 i.e 1.2 1.8 10.3 Multilateral 0.0 0.0 0.0 0.0 0.1 0.5 0.9 9.5 IBRD - - - - - - IDA - - - - 0.0 0.1 8.4 Bilateral 1.5 2.7 2.5 2.0 1.e 0.7 0.9 0.8 Private Creditors 0.9 2.8 0.9 1.i 2.0 1.3 2.6 1.9 Suppliers 0.6 2.7 0.5 0.5 1.3 0.1 0.2 0.5 Financial Markets 0.3 0.1 0.4 0.6 0.7 1.2 2.4 1.4 NET FLOWS 4.5 20.5 26.5 30.2 32.2 42.0 278.1 160.1 Official Creditors 3.9 7.8 23.3 31.3 34.2 38.1 43.3 34.0 Multilateral 2.6 5.1 9.9 11.7 22.5 14.2 32.3 26.4 IBRD - - - - - - - - IDA 2.1 4.1 5.9 7.0 2.4 5.5 12.2 9.9 Bilateral 1.3 2.7 13.4 19.5 11.7 23.9 11.0 7.7 Private Creditors 0.6 12.6 3.2 -1.1 -2.C 3.9 234.9 126.1 Suppliers 0.9 2.3 3.7 -0.5 -1.3 -0.1 -0.2 -0.5 Financial Markets -0.3 10.3 -0.4 -0.6 -0.7 4.0 235.1 126.6 INTEREST PAYMENTS(INT) 0.7 0.7 0.9 0.9 2.2 2.8 2.4 9.6 Official Creditors 0.4 0.5 0.7 0.8 1.7 1.7 1.8 2.4 Multilateral 0.0 0.1 0.2 0.3 1.1 1.3 1.4 1.8 IBRD - - - - - - - - IDA 0.0 0.1 0.1 0.2 0.2 0.3 0.3 0.4 Bilateral 0.4 0.4 0.5 0.5 0.7 0.4 0.4 0.6 Private Creditors 0.2 0.2 0.2 0.1 0.5 1.0 0.7 7.2 Suppliers 0.0 0.2 0.1 0.1 0.4 - - - Financial Markets 0.2 0.0 0.1 0.0 0.0 1.0 0.7 7.2 31 BENIN (ilS$ Mi 1 7 fons) 1972 1974 1976 1977 1978 1879 1980 1981 NET TRANSFERS 3.8 19.7 25.8 2S.4 30.0 39.3 275.7 150.5 Offic-,al Creditors 3.4 7.3 22.6 30.5 32.5 36.4 41.5 31.6 Multilateral 2.6 5.0 9.7 11.5 21.4 12.9 30.9 24.6 IBRD - - - - - - - - IDA 2.0 4.1 5.8 6.8 2.2 5.2 11.9 9.5 Bilaterel 0.9 2.3 12.9 19.1 11.0 23.5 10.6 7.0 Private Creditors 0.4 12.4 3.0 -1.2 -2.4 2.9 234.2 118.9 Suppliers 0.8 2.1 3.6 -0.6 -1.7 -0.1 -0.2 -0.5 Financial Markets -0.5 10.3 -0.6 -0.6 -0.7 3.0 234.5 119.4 TOTAL DEBT SERVICE(TDS) 3.1 6.2 4.3 3.9 5.8 5.3 6.9 21.8 Official Creditors 2.0 3.2 3.2 2.7 3.4 3.0 3.6 12.8 Multilateral 0.0 0.1 0.2 0.3 1.1 1.8 2.3 11.3 IBRD - - - - - - - - IDA 0.0 0.1 0.1 0.2 0.2 0.3 0.4 8.8 Bilateral 1.9 3.1 3.0 2.4 2.2 1.2 1.3 1.4 Private Creditors 1.1 3.0 1.1 1.2 2.4 2.3 3.3 9.1 Suppliers 0.6 2.9 0.5 0.6 1.7 0.1 0.2 0.5 Financial Markets 0.5 0.2 0.6 0.6 0.7 2.3 3.1 8.6 AVERAGE TERMS: PUBLIC DEBT NEW COMMITMENTS ALL CREDITORS Interest (%) 2.9 2.9 1.3 2.1 3.2 6.5 7.6 2.6 Maturity (years) 34.5 33.i 29.6 38.9 27.1 16.3 13.5 37.9 Grace Period (years) 8.1 8.4 9.7 8.5 6.9 4.6 3.3 7.9 Grant Element (%) 59.0 58.1 71.0 66.6 51.6 21.3 13.0 62.2 OFFICIAL CREDITORS Interest (%) 1.1 2.2 1.0 1.7 2.8 0.7 1.2 1.9 Maturity (years) 42.7 36.8 30.7 41.1 28.4 39.1 31.8 41.9 Grace Period (years) 9.8 9.5 10.1 8.8 7.2 8.3 7.4 8.7 Grant Element (%) 76.9 65.6 74.0 70.8 54.8 75.0 63.3 69.7 PRIVATE CREDITORS Interest (%) 6.9 8.4 7.0 6.3 11.1 7.5 8.5 7.7 Maturity (years) 15.3 6.4 7.9 14.4 5.1 12.4 11.0 8.6 Grace Period (years) 4.0 0.5 1.4 4.5 1.6 4.0 2.8 2.1 Grant Element (%) 16.6 2.9 9.8 21.8 -3.6 12.2 6.3 8.0 MAJOR ECONOMIC AGGREGATES lU.S. $ MILLIONS) Gross Nat. Product (GNP) 316 404 582 641 782 942 1,106 1.007 Exports of G. & S. (XGSI 93 127 154 205 265 . Imports of G. & S. tMGS) 135 194 238 308 377 Intl. Reserves (RES) 28 35 19 21 17 20 15 62 PRINCIPAL RATIOSe DDD/XGS % 48.9 63.9 72.5 70.3 65.0 .. DOD/XGNP % 14.4 20.0 19.1 22.5 22.0 20.5 40.4 54.5 TDS/XGS % 3.3 4.9 2.8 1.9 2.2 .. . TDS/GNP % 1.0 1.5 0.7 0.6 0.7 0.6 0.6 2.2 INT/XGS % 0.7 0.6 0.6 0.4 0.8 INT/GNP % 0.2 0.2 0.2 0.1 0.3 0.3 0.2 1.0 RES/DOD % 62.6 42.8 17.2 14.8 10.1 10.3 3.3 11.3 RES/MGS months) 2.5 2.1 1.0 0.8 0.6 .. . MEMORANDA Proportion of Disbursed Debt Concessional Loans (%) 68.2 62.0 72.5 78.0 77.6 72.6 38.9 34.4 Var. Int. Rate Loans (% - - - - - 1.8 0.3 6.0 Use of IMF Credit(US$ mil - - - - - - - - 1982 1983 1984 1985 1986 1987 1988 1989 PROJECTED PUBLIC DEBT SERVICE TOTAL DEBT SERVICE 51.0 59.0 78.4 76.1 75.1 71.3 15.5 51.8 Principal 20.8 29.3 49.7 50.8 53.5 53.6 51.8 41.3 Interest 30.2 29.8 28.7 25.3 21.6 17.7 13.7 10.4 OFFICIAL CREDITORS 9.4 11.5 14.0 15.3 17.9 17.7 19.9 19.8 Principal 5.1 6.8 9.0 10.1 12.8 12.9 15.4 15.7 Interest 4.3 4.8 5.0 5.2 5.1 4.8 4.5 4.1 PRIVATE CREDITORS 41.6 47.5 64.4 60.8 57.2 53.5 45.7 32.0 Principal 15.7 22.5 40.7 40.7 40.7 40.7 36.4 25.6 Interest 25.9 25.0 23.7 20.1 16.5 12.9 9.2 6-4 32 BTSWANA (VS$ //i jI ions) 1972 1974 1976 1977 1978 1979 1S80 1981 TOTAL DEBT OUTSTANDING DIS5i.SED ONLY TOTAL DEBT .. .. .. .. .. Public / Publicly Guar. 74.8 134.1 165.2 180.9 120.8 134.6 152.2 164.4 Private Non-guaranteed . .. . .. .. .. . PUBLIC / PUBLICLY GUARANTEED DEBT DEBT OUTS. INC. UNDISB. 143.0 183.6 226.8 259.1 234.4 220.1 281.5 310.0 official Creditors 140.2 180.7 224.6 256.9 184.8 185.4 246.5 275.6 Multilateral 45.0 60.9 92.5 119.4 126.0 126.1 158.4 193.5 IBRD 32.0 41.5 56.6 82.0 86.9 82.8 91.9 107.4 IDA 12.3 16.0 16.0 15.8 15.8 15.7 15.7 15.5 Bilateral 95.2 119.8 132.1 137.5 58.8 59.3 88.2 82.2 Private Creditors 2.8 2.9 2.2 2.2 49.6 34.7 34.9 34.4 Suppliers 0.4 0.2 0.0 - 2.4 2.4 2.4 2.4 Financial Markets 2.4 2.7 2.2 2.2 47.2 32.3 32.5 32.0 DEBT OUTS. DISB. (DOD) 74.8 134.1 165.2 180.9 120.8 134.6 152.2 164.4 Official Creditors 72.0 131.1 163.0 178.7 117.9 129.9 147.3 160.0 Multilateral 18.9 43.5 56.3 60.6 67.0 75.1 84.9 100.7 IBRD 12.5 31.6 36.0 38.8 40.5 45.7 50.0 59.9 IDA 6.5 11.3 14.0 14.9 15.5 15.7 15.6 15.5 Bilateral 53.0 87.6 106.7 118.1 50.9 54.8 62.4 59.3 Private Creditors 2.8 2.9 2.2 2.2 2.9 4.7 4.9 4.4 Suppliers 0.4 0.2 0.0 - 0.7 2.4 2.4 2.4 Financial Markets 2.4 2.7 2.2 2.2 2.2 2.3 2.5 2.0 COMMITMENTS 48.6 15.1 47.2 30.1 62.2 9.7 69.3 44.5 Official Creditors 48.6 15.1 45.0 30.1 14.8 9.7 69.3 44.5 Multilateral 4.3 15.1 21.9 27.5 8.8 4.2 39.0 40.6 IBRO - 9.5 10.5 26.5 8.0 - 14.4 17.0 IDA 3.7 3.0 - - - - - - Bilateral 44.3 - 23.2 2.6 5.9 5.5 30.4 3.9 Privat.e Creditors - - 2.2 - 47.4 - - - Suppliers - - - - 2.4 - - - Financial Markets - - 2.2 - 45.0 - - - DISBURSEMENTS 45.4 18.5 25.3 15.8 11.5 15.7 24.7 24.0 Official Creditors 45.4 18.5 23.2 15.8 10.8 14.0 24.7 24.0 Multilateral 13.3 7.9 7.2 5.4 9.4 11.3 15.8 18.8 IBRD 12.5 5.7 2.8 3.9 4.8 8.3 9.7 11.4 IDA 0.9 2.2 1.6 1.0 0.6 0.2 0.0 - bilateral 32.0 10.6 16.0 10.4 1.3 2.7 8.9 5.2 Private Creditors - - 2.2 - 0.7 1.7 - - Suppliers - - - 0.7 1.7 - - Financial Markets - - 2.2 - - - - - PRINCIPAL REPAYMENTS 0.4 0.3 1.1 2.4 3.6 3.5 6.0 2.1 Official Cr-editors 0.3 0.1 1.1 2.4 3.6 3.5 6.0 2.1 Multilateral - - 0.9 1.2 3.3 3.3 5.7 1.9 IBRD - - 0.8 1.1 3.1 3.1 5.4 1.5 IDA - - 0.0 0.0 0.0 0.1 0.1 0.1 Bilateral 0.3 0.1 0.2 1.3 0.3 0.2 0.3 0.1 Private Creditors 0.1 0.1 0 0 0.0 - - - - Suppliers 0.1 0.1 0.0 0.0 - - - - Financial Markets - - - - - - - - NET FLOWS 45.0 18.3 24.3 13.4 7.9 12.2 18.7 21.9 Official Credttors 45.0 18.4 22.1 13.4 7.2 10.5 18.7 21.9 Multilateral 13.3 7.9 6.3 4.3 6.2 8.0 10.1 16.9 IBRD 12.5 5.7 2.0 2.8 1.7 5.2 4.3 9.9 IDA 0.9 2.2 1.5 1.0 0.6 0.2 0.0 -0.1 Bilateral 31.7 10.5 15.9 9.1 1.0 2.5 8.6 5.0 Private Creditors -0.1 -0.1 2.1 0.0 0.7 1.7 - - Suppliers -0.1 -0.1 0.0 0.0 0.7 1.7 - _ Financial Markets - - 2.2 - - - - - INTEREST PAYMENTS(INT) 1.2 3.0 3.2 3.4 4.6 5.8 6.6 6.7 Official Creditors 1.0 2.8 3.2 3.3 4.4 5.1 5.7 6.1 Multilateral 0.7 2.3 2.7 2.9 3.8 4.5 4.7 4.9 IBRD 0.6 2.2 2.6 2.8 3.6 4.1 4.4 4.4 IDA 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 Bilateral 0.4 0.5 0.4 0.3 0.6 0.6 1.0 1.2 Private Crecitors 0.2 0.2 0.0 0.2 0.2 0.6 0.9 0.6 Suppliers 0.0 0.0 0.0 - 0.1 0.3 0.2 Financial Markets 0.2 0.2 - 0.2 0.2 0.6 0.6 0.4 33 BOTSWANA (Us$ Millions) 1972 1974 1976 1977 1978 1979 1980 Is9i NET TRANSFERS 43.7 15.3 21.1 10.0 3.3 6.4 12.1 15.2 _ Official Creditors 44.0 15.6 18.9 10.1 2.8 5.4 13.0 15.8 Multilateral 12.7 5.6 3.5 1.3 2.4 3.5 5.4 12.0 IBRO 11.9 3.5 -0.6 0.0 -1.9 1.0 -0.1 5.6 IDA 0.8 2.1 1.4 0.9 0.4 0.1 -0.2 -0.2 Bilateral 31.3 9.9 15.4 8.8 0.4 1.9 7.6 3.8 P-ivate Creditors -0.3 -0.3 2.1 -0.2 0.5 1.1 -0.9 -0.6 Suppliers -0.1 -0.1 0,0 0.0 0.7 1.6 -0.3 -0.2 Financial Markets -0.2 -0.2 2.2 -0.2 -0.2 -0.6 -0.6 -0.4 TOTAL DEBT SERVICE(TDS) 1.6 3.3 4.3 5.8 8.2 9.3 12.6 8.7 Official Creditors 1.4 2.9 4.2 5.7 8.0 8.6 11.7 8.1 Multilateral 0.7 2.3 3.6 4.1 7.1 7.8 10.4 6.8 IERD 0.6 2.2 3.4 3.9 6.7 7.3 9.7 5.8 IDA 0.1 0.1 0.1 0.2 0.2 0.2 0.2 0.2 Bilateral 0.7 0.7 0.6 1.6 0.9 0.8 1.3 1.4 Private Creditors 0.3 0.3 0.0 0.2 0.2 0.6 0.9 0.6 Suppliers 0.1 0.1 0.0 0.0 - 0.1 0.3 0.2 Financial Markets 0.2 0.2 - 0.2 0.2 0.6 0.6 0.4 AVERAGE TERMS: PUBLIC DEBT NEW COMMITMENTS ALL CREDITORS Interest (%) 0.8 5.7 2.3 7.9 8.5 1.0 6.0 7.5 Maturity lyears) 36.4 25.2 34,8 19.9 13.1 32.9 18.4 18.3 Grace Period (years) 9.2 4.2 8.5 5.0 4.9 7.8 4.0 5.3 Grant Element (%°/) 76.2 30.3 63.3 12.4 11.4 65.5 24.2 15.3 OFFICIAL CREDITORS Interest (%) 0.8 5.7 2.0 7.9 4.5 1.0 6.0 7.5 Maturity (years) 36.4 25.2 35.9 19.9 31.7 32.9 18.4 18.3 Grace Period (years) 9.2 4.2 8.4 5.0 6.8 7.8 4.0 5.3 Grant Element (%) 76.2 30.3 65.6 12.4 45.2 65.5 24.2 15.3 PRIVATE CREDITORS Interest (%) - - 7.5 - 9.8 - - - Maturity years) - - 11.5 - 7.3 - - - Grace Period (years) - - 11.5 - 4.3 - - _ Grant Element (%) - - 16.6 - 0.9 - - - MAJOR ECONOMIC AGGREGATES (U.S. S MILLIONS) Gross Nat. Product (GNP) 114 294 285 363 406 575 796 824 Exports of G. S. (XGS) ,, . 276 311 333 576 749 619 Imports of G. & S. 1MGS) . .. 333 380 459 678 972 988 Intl. Reserves (RES) .. ., 75 100 151 267 344 253 PRINCIPAL RATIOSe DOD/XGS (% .. .. 59.9 58.1 36.3 23.4 20.3 26.6 DOD/GNP (% 65.4 45.6 58.0 49.9 29.8 23.4 19.1 19.9 TDS/XGS (% .. .. 1.5 1.9 2.5 1.6 1.7 1.4 TDS/GNP (% 1.4 1.1 1.5 1.6 2.0 1.6 1.6 1.1 INT/XGS (% .. .. 1.2 1.1 1.4 1.0 0.9 1.1 INT/GNP (% 1.1 1.0 1.1 0.9 1.1 1.0 0.8 0.8 RES/DOD (% .. .. 45.3 55.3 124.7 198.6 225.8 154.2 RES/MGS (months) .. .. 2.7 3.2 3.9 4.7 4.2 3.1 MEMORANDA Proportion of Disbursed Debt Concessional Loans (%) 75.9 71.7 75.4 74.7 60.2 58.1 56.0 50.3 Var. Int. Rate Loans (% - - - - - - - - Use of IMF Credit(US$ mil - - - - - - - - 1982 1983 1984 1985 1986 1987 1988 1989 PROJECTED PUBLIC DEBT SERVICE TOTAL DEBT SERVICE 25.9 31.3 31.1 24.3 25.4 26.5 28.9 26.1 Principal 15.6 18.9 19.1 12.9 14.0 15.3 18.3 16.3 Interest 10.3 12.4 11.9 11.4 11.4 11.3 10.7 9.8 OFFICIAL CREDITORS 13.9 18.8 19.8 24.0 25.1 26.2 26.6 25.8 Principal 5.6 8.9 9.1 12.9 14.0 15.3 16.3 i6.2 Interest 8.4 9.9 10.7 11.0 11.0 10.9 10.4 9.6 PRIVATE CREDITORS 11.9 12.5 11.2 0.4 0.4 0.4 2.3 0.3 Principal 10.0 10.0 10.0 - - - 2.0 0.1 Interest 1.9 2.5 1.2 0.4 0.4 0,4 0.3 0.2 34 WRUNDI (US$ Millions) 1972 1974 1978 1977 1978 1979 t980 1981 TOTAL DEBT OUTSTANDING DISIRSED ONLY TOTAL DEST .. Public / Publicly Guar. 6.9 9.4 21.0 40.6 69.4 108.2 137.2 153.6 Private Non-guaranteed .. .. .. .. .. .. . PUBLIC / PUBLICLY GUARANTEED DEBT DEBT OUTS. INC. UNDISB. 30.4 48.5 79.8 118.9 153.5 220.7 296.2 407.4 Official Creditors 29.2 41.1 72-7 110.i 141.3 208.3 287.9 395.7 Multilateral 5.3 11.5 41.4 66.1 90.6 115.8 187.4 292.9 IBRD 1.9 1.2 0.4 - - - - - IDA 3.4 8.3 21.0 34.4 48.4 55.1 92.8 139.3 Bilateral 23.9 29.6 31.3 44.0 50.7 92.5 100.5 102.7 Private Creditors 1.2 7.3 7.0 8.9 12.2 12.4 8.3 11.7 Suppliers 1.1 4.5 3.8 3.7 5.0 5.5 3.6 1.7 Financial Markets 0.2 2.8 3.2 5.2 7.2 6.9 4.7 10.0 DEBT OUTS. DISB. (DOD) 6.9 9.4 21.0 40.6 69.4 108.2 137.2 153.6 Official Creditors 5.7 8.1 14.7 33.9 58.8 96.0 128.9 149.0 Multilateral 4.2 4.5 8.9 17.3 34.2 57.5 83.5 99.7 IBRO 1.9 1.2 0.4 - - - - IDA 2.3 3.3 4.6 7.1 14.1 25.4 37.0 47.4 Bilateral 1.5 3.6 5.8 16.7 24.6 38.5 45.5 49.3 Private Creditors 1.2 1.3 6.3 6.6 10.6 12.2 8.3 4.7 Suppliers 1.1 1.1 3.1 3.7 5.0 5.5 3.6 1.7 Financial Markets 0.2 0.2 3.2 2.9 5.6 6.7 4.7 2.9 COMMITMENTS 22.3 12.8 13.6 36.6 27.3 65.6 95.8 136.9 Official Creditors 22.3 7.6 13.6 33.7 23.9 64.3 95.8 130.0 Multilateral - 7.0 12.7 24.1 22.4 24.7 74.3 114.4 IBRD - - - - - - - - IDA - 5.0 7.5 13.4 14.0 6.8 37.7 47.2 Bilateral 22.3 0.6 0.9 9.6 1.5 39.6 21.5 15.6 Private Creditors - 5.2 0.1 2.9 3.4 1.4 - 6.9 Suppliers - 2.6 0.1 - 1.6 1.4 - - Financial Markets - 2.6 - 2.9 1.8 - - 6.9 DISBURSEMENTS 0.5 2.2 5.1 19.9 25.9 39.2 42.6 29.8 Official Creditors 0.5 1.9 3.3 18.3 21.6 36.4 42.4 29.8 Multilateral 0.5 0.9 .9 8.5 16.0 23.2 27.3 20.1 IBRD - - - - - - - - IDA 0.5 0.9 2.6 6.9 11.4 11.6 10.4 Bilateral - 1.0 1.4 9.8 5.6 13.2 15.1 9.7 Private Creditors - 0.3 1.8 1.6 4.3 2.8 0.2 - Suppliers - 0.3 1.3 0.8 1.6 1.4 - - Financial Markets - - 0.5 0.8 2.7 1.4 0.2 - PRINCIPAL REPAYMENTS 1.7 0.7 2.3 2.2 1.7 2.1 3.6 3.0 Official Creditors 1.3 0.5 0.6 0.6 0.3 0.5 0.6 0.6 Multilateral 1.3 0.4 0.4 0.4 0.0 0.2 0.3 0.4 IBRD 0.3 0.4 0.4 0.4 - - - - IDA 0.0 - 0.0 0.0 0.0 0.0 0.0 0.0 Bilateral - 0.1 0.1 0.2 0.3 0.3 0.3 0.2 Private Creditors 0.4 0.2 1.7 1.6 1.4 1.6 2.9 2.4 Suppliers 0.3 0.2 0.7 0.4 0.9 1.1 1.4 1.4 Financial Markets 0.0 - 1.1 1.2 0.5 0.5 1.5 1.0 NET FLOWS -1.2 1.5 2.8 17.7 24.2 37.0 39.0 26.8 Official Creditors -0.8 1.4 2.8 17.7 21.3 35.8 41.8 29.1 Multilateral -0.8 0.5 1.5 8.1 16.0 23.0 27.0 19.7 IBRD -0.3 -0.4 -0.4 -0.4 - - - - IDA 0.5 0.9 1.0 2.6 6.9 11.3 1i.6 10.3 Bilateral - 0.9 1.2 9.7 5.3 12.9 14.8 9.4 Private Creditors -0.4 0.1 0.0 0.0 2.9 1.2 -2.8 -2.4 Suppliers -0.3 0.1 C.6 0.3 0.7 0.3 -1.4 -1.4 Financial Markets 0.0 - -C.6 -0.3 2.2 0.9 -1.4 -1.0 INTEREST PAYMENTS(INT) 0.3 0.2 0.5 0.6 0.9 1.3 1.9 1.6 Official Creditors 0.1 0.1 0.1 0.2 0.4 0.7 0.9 1.1 Multilateral 0.1 0.1 0.1 0.2 0.3 0.5 0.7 0.8 IBRD 0.1 0.1 0.0 0.0 - - - - IDA 0.0 0.0 0.0 0.0 0.1 0.2 0.2 0.3 Bilateral - 0.0 0.1 0.1 0.1 0.2 0.2 0.3 Private Creditors 0.1 0.1 0.4 0.4 0.5 0.6 1.0 0.5 Suppliers 0.1 0.1 0.1 0.2 0.3 0.3 0.4 0.3 Financial Markets 0.0 - 0.3 0.2 0.2 0.3 0.7 0.3 3S BURUNDI (VS$ Mil ions) 1972 1974 1976 1977 1978 1979 1980 1981 NET TRANSFERS -1.4 1.3 2.3 17.1 23.3 35.7 37.1 25.1 Official Creditors -0.9 1.3 2.7 17.5 20.9 35.1 41.0 28.0 Multilateral -0.9 0.4 1.5 7.9 15.7 22.4 26.3 18.9 IERD -0.4 -0.4 -0.4 -0.4 - - - - IDA 0.5 0.9 1.0 2.5 6.9 11.2 11.4 10.0 Bilateral - 0.9 1.2 9.6 5.2 12.7 14.6 9.1 Private Creditors -0.5 0.0 -0.3 -0.4 2.4 0.6 -3.8 -2.9 Suppliers -0 5 0.0 0.5 0.2 0.4 -0.1 -1.8 -1.6 Financial Markets -0.1 - -D.9 -0.5 2.0 0.6 -2.1 -1.3 TOTAL DEBT SERVICE(TDS) 1.9 0.9 2.8 2.8 2.7 3.5 5.5 4.6 Official Creditors 1-4 0.6 0.7 0.8 0.8 1.2 1.5 1.7 Multilateral 1.4 0.5 D.5 0.6 0.4 0.8 1.0 1.2 IBRD 0.4 0.4 0.4 0.4 - - - - IDA 0.0 0.0 0.0 0.1 0.1 0.2 0.2 0.3 Bilateral - 0.2 0.2 0.2 0.4 0.5 0.5 0.5 Private Creditors 0.5 0.3 2.1 2.0 1.9 2.2 4.0 2.9 Suppliers 0.5 0.3 0.8 0.6 1.2 1.4 1.8 1.6 Financial Markets 0.1 - 1.3 1.4 0.7 0.6 2.2 1.3 AVERAGE TERMS: PUBLIC DEBT NEW COMMITMENTS ALL CREDITORS Interest (%) - 3.1 1.2 2.0 1.6 0.4 1.4 2.6 Maturity years) 19.5 27.4 46.6 32.8 32.0 22.5 3S.7 35.2 Grace Period (years) 10.0 7.0 9.5 7.3 7.5 8.9 8.6 7.6 Grant Element (%) 74.5 52.2 77.9 62.5 62.8 69.2 70.7 60.1 OFFICIAL CREDITORS Interest (%) - 0.9 1.1 1.5 0.7 0.3 1.4 2.3 Maturity (years) 19.5 40.9 46.9 35.0 35.8 22.9 36.7 36.6 Grace Period (years) 10.0 9.8 9.6 7.8 8.4 9.1 8.6 7.9 Grant Element (%) 74.5 78.0 78.4 67.2 71.0 70.6 70.7 63.1 PRIVATE CREDITORS Interest (%) - 6.3 7.0 7.5 7.8 7.5 - 9.0 Maturity (years) - 7.7 6.5 7.3 5.8 4.8 - 9.3 Grace Period (years) - 3.0 2.0 2.2 1.8 1.2 - 1.5 Grant Element (%) - 14.7 9.2 8.4 5.6 5.7 - 3.1 MAJOR ECONOMIC AGGREGATES (U.S. $ MILLIONS) Gross Nat. Product GNP) 235 337 446 530 599 783 882 953 Exports of G. & S. XGS .. .. .. .. .. .. . Imports of G. & S. (MGS .. . Intl. Reserves (RES) 19 15 49 83 97 104 68 PRINCIPAL RATIOS DO/xGs %) . . .. .. .. .. ... DOD/GNP %) 2.9 2.8 4.7 7.7 11.6 13.8 15.6 16.1 TDS/XGS %) .. .. .. .. .. .. TDS/GNP %) 0.8 0.3 0.6 0.5 0.4 0.4 0.6 0.5 INT/XGS %). ..... INT/GNP %) 0.1 0.1 0.1 0.1 0.2 0.2 0.2 0.2 RES/DOD %) 269.1 155.4 234.7 236.3 120.2 89.4 75.6 44.3 RtES/MGS tmonths) .. . . . . .. . . . . .. MEMORANDA Proportion of Disbursed Debt Concessional Loans (%) 54.7 73.1 5B.9 71.5 77.1 83.4 89.6 93.6 Var. Int. Rate Loans (% - - - - - - - Use of IMF Credit(US$ mil - - 1.4 1.5 - 12.5 12.1 11.1 1982 1983 1984 1985 1986 1987 1988 1989 PROJECTED PUBLIC DEBT SERVICE TOTAL DEBT SERVICE 8.6 10.1 11.9 15.4 18.4 20.1 19.5 20.7 Principal 6.4 7.2 8.3 11.3 14.0 15.6 15.1 16.4 Interest 2.2 3.0 3.6 4.1 4.4 4.5 4.4 4.3 OFFICIAL CREDITORS 5.6 7.3 10.0 14.1 17.2 18.8 18.5 20.1 Principal 3.8 4.8 6.9 10.4 13.1 14.6 14.3 16.0 Interest 1.8 2.5 3.2 3.7 4.1 4.2 4.2 4.1 PRIVATE CREDITORS 3.0 2.9 1.8 1.3 1.3 1.2 0.9 0.6 Principal 2.6 2.4 1.4 0.9 0.9 0.9 0.7 0.5 Interest 0.4 0.5 0.4 0.4 0.3 0.3 0.2 0.2 36 CAMEROON (US. MillIons) 1972 1974 1976 1977 1978 1979 1980 1981 TOIAL DEBT OUTSTANDING DISBURSED ONLY TOTAL DEBT .. .. .. .. .. Public / Publicly Guar. 195.4 274.2 514.2 823.3 1,133.0 1,631.7 1,997.3 2,033.9 Private Non-guaranteed .. .. .. .. .. .. . PUBLIC / PUBLICLY GUARANTEED DEBT DEBT OUTS. INC. UNDISB. 281.4 579.6 1,010.8 1,366.7 1,919.4 2,702.3 2,609.7 2,584.3 Official Creditors 249.0 489.1 668.0 907.2 1,234.5 1.667.4 1,700.3 1,779.0 Multilateral 111.4 215.0 318.8 404.8 510.2 684.5 737.2 823.4 IBRD 36.9 96.4 130.7 159.7 199.2 282.0 292.5 320.8 IDA 43.9 70.0 116.2 131.1 166.9 196.9 227.4 247.7 Bilateral 137.6 274.1 349.1 502.4 724.3 982.9 963.1 955.6 Private Creditors 32.4 90.6 342.8 459.6 684.8 1,034.9 909.4 805.3 Suppliers 15.2 9.3 113.9 128.2 141.9 148.E 130.0 114.3 Financial Markets 17.2 81.2 228.9 331.4 543.0 886.5 779.4 691.1 DEBT OUTS. DISB. (DOD) 195.4 274.2 514.2 823.3 1,133.0 1,631.7 1,997.3 2,033.9 Official Creditors 164.2 241.5 346.2 508.8 722.1 1,013.8 1,186.7 1,307.2 Multilateral 59.2 98.6 166.6 215.0 313.5 395.9 461.2 529.7 IBRD 13.8 28.7 57.5 71.6 102.4 129.6 152.2 167.3 IDA 18.4 34.1 67.8 88.4 i07.6 127.i 145.8 172.6 Bilateral 105.0 142.8 179.6 293.8 408.6 617.9 725.6 777.5 Private Creditors 31.2 32.7 168.0 314.5 410.9 617.9 810.6 726.7 Suppliers 14.1 7.5 16.5 125.0 136.8 145.8 127.6 113.5 Financial Markets 17.2 25.3 151.5 189.5 274.1 472.2 683.0 613.2 COMMITMENTS 58.4 144.3 354.5 350.3 500.7 786.0 149.5 341.4 Official Creditors 39.2 78.9 121.0 231.3 292.6 419.7 135.6 236.4 Multilateral 13.4 34.1 78.3 88.9 110.2 177.3 72.2 94.0 IBRD - 34.1 34.3 29.6 46.0 86.0 16.5 15.0 IDA 12.7 - 25.0 20.0 36.0 30.0 3'.0 25.9 Bilateral 25.8 44.8 42.7 142.4 182.4 242.4 63.4 142.4 Private Creditors 19.2 65.5 233.5 119.0 208.2 366.2 13.9 105.0 Suppliers 3.6 0.9 98.7 3.8 1.4 - - 5.0 Financial Markets 15.6 64.6 134.8 115.2 206.8 366.2 13.9 100.0 DISBURSEMENTS 71.1 43.6 178.1 305.8 306.0 521.8 585.6 370.9 Official Creditors 50.7 33.0 73.4 159.4 202.5 289.8 256.4 267.0 Multilateral 24.6 14.6 28.0 48.2 105.9 87.5 80.8 94.2 IBRD 6.2 5.7 8.2 14.8 37.3 30.4 28.3 18.9 IDA 6.2 4.0 17.9 20.7 19.3 19.6 19.1 32.1 Bilateral 26.1 18.4 45.5 111.2 96.6 202.3 175.6 172.8 Private Creditors 20.4 10.6 104.7 146.4 103.5 232.0 309.1 103.9 Suppliers 4.8 0.6 10.6 99.6 - 2.4 - 6.2 Financial Markets 15.6 10.0 94.1 46.8 103.5 229.5 309.1 97.7 PRINCIPAL REPAYMENTS 9.1 14.1 20.4 28.6 61.3 72.1 79.4 84.9 Official Creditors 6.1 8.7 14.0 13.2 23.' 19.5 27.4 32.3 Multilateral 0.9 1.6 3.0 3.4 9.2 6.7 9.4 12.5 IBRD 0.2 0.2 0.5 0.7 6.4 3.3 4.2 3.7 IDA - - - 0.1 0.2 0.1 0.5 5.3 Bilateral 5.3 7.1 11.0 9.8 13.9 12.8 18.0 19.8 Private Creditors 2.9 5.4 6 4 15.5 38.1 52.6 52.0 52.5 Suppliers 2.9 3.9 1.9 1.4 3.8 3.5 4.4 2.6 Financial Markets 0.0 1.5 4.5 14.1 34.3 49.1 47.6 49.9 NET FLOWS 62.0 29.5 157.7 277.2 244.7 449.7 486.1 286.1 Official Creditors 44.6 24.3 59.4 146.2 179.4 270.3 229.0 234.7 Multilateral 23.8 13.0 25.0 44.8 96.7 80.9 71.4 81.7 IBRD 6.1 5.5 7.7 14.1 30.8 27.2 24.1 15.2 IDA 6.2 4.0 17.9 20.7 19.1 19.6 18.7 26.8 Bilateral 20.8 11.3 34.5 101.5 82.6 189.4 157.7 153.0 Private Creditors 17.5 5.2 98.3 130.9 65.4 179.4 257.1 51.4 Suppliers 1.9 -3.3 8.7 98.2 -3.8 -1.1 -4.4 3.6 Financial Markets 15.6 8.5 89.6 32.7 69.2 180.4 261.5 47.8 INTEREST PAYMENTS(INT) 6.3 11.2 18.9 28.1 42.4 60.2 103.1 115.0 Official Creditors 5.3 8.6 12.6 13.7 21.9 27.7 41.3 46.3 Multilateral 2.1 4.1 6.5 7.0 10.9 13.8 17.9 18.4 IBRD 0.9 2.0 4.2 4.8 7.1 8.7 12.5 11.8 IDA 0.1 0.3 0.5 0.5 0.8 0.7 1.1 1.1 Bilateral 3.2 4.5 6.0 6.7 11.1 13.9 23.4 27.9 Private Creditors 0.9 2.6 6.3 14.4 20.4 32.5 61.8 68.7 Suppliers 0.8 0.6 0.3 0.5 1.1 0.9 6.9 6.8 Financial Markets 0.1 2.0 5.9 13.9 19.4 31.6 54.9 61.9 37 CAMEROON (US$ Mi 1 1 ions) 1S72 1974 1976 1977 1978 1379 198C 19S1 NET TRANSFERS 55.8 18.3 138.9 249.1 202.4 389.5 383.1 171.0 Official Creditors 39.2 15.7 46.9 132.5 157.4 242.7 187.8 188.4 Multilateral 21.6 8.9 18.4 37.8 85.9 67.1 53.5 63.3 IBRD 5.2 3.6 3.6 9.3 23.8 18.5 11.6 3.4 IDA 6.1 3.7 17.4 20.1 18.4 18.8 17.6 25.7 Bilateral 17.6 6.9 28.4 94.7 71.6 175.6 134.3 125.0 Private Creditors 16.5 2.6 92.0 116.6 44.9 146.8 195.3 -17.3 Suppliers 1.0 -3.9 8.3 97.8 -4.9 -2.0 -11.3 -3.2 Financial Markets 15.5 6.5 83.7 18.8 49.9 148.8 206.6 -14.2 TOTAL DEBT SERVICE(TDS) 15.3 25.3 39.2 56.7 103.6 132.3 182.5 199.9 Official Creditors 11.5 17.3 26.6 26.9 45.0 47.1 68.7 78.7 Multilateral 3.0 5.7 9.5 10.4 20.0 20.4 27.3 30.9 IBRD 1.0 2.1 4.7 5.5 13.5 11.9 16.7 15.5 IDA 0.1 0.3 0.5 0.6 1.0 0.8 1.6 6.4 Bilateral 8.5 11.5 17.1 16.5 25.0 26.7 41.3 47.8 Private Creditors 3.8 8.0 12.6 29.8 58.6 85.2 113.8 121.2 Suppliers 3.7 4.5 2.2 1.9 4.9 4.4 11.3 9.4 Financial Markets 0.1 3.5 10.4 28.0 53.7 80.8 102.5 111.9 AVERAGE TERMS: PUBLIC DEBT NEW COMMITMENTS ALL CREDITORS Interest (%) 5.0 5.9 6.3 5.6 6.8 9.2 6.0 6.4 Maturity (years) 21.3 15.9 17.0 17.6 21.5 16.2 24.9 20.6 Grace Period (years) 5.2 4.1 5.1 4.8 5.4 4.7 6.5 5.0 Grant Element (%) 34.5 23.8 24.2 28.5 24.7 7.0 32.5 26.7 OFFICIAL CREDITORS Interest (%) 3.5 4.6 3.9 4.6 4.3 6.4 4.9 5.1 Maturity (years) 25.6 20.2 32.5 23.0 28.9 21.0 26.6 25.9 Grace Period (years) 7.1 5.4 7.3 6.2 7.1 5.7 7.0 5.9 Grant Element (%) 47.2 34.6 50.1 39.1 44.5 25.2 38.6 38.3 PRI.VATE CREDITORS Interest (%) 8.0 7.5 7.6 7.5 10.3 12.5 16.4 9.3 Maturity (years) 12.6 10.7 9.0 6.9 11.1 10.6 8.3 8.5 Grace Periodc (years) 1.4 2.6 3.9 2.3 3.1 3.5 2.3 2.8 Grant Element (%) 8.4 10.7 10.8 7.9 -3.1 -13.8 -27.1 0.6 MAJOR ECONOMIC AGGREGATES (U.S. $ MWLLIONS) Gross Nat. Product (GNP) 1,308 2,074 2,822 3,098 3,859 4,971 5,893 6,439 Exports of G. & S. XGS) 320 584 721 979 1,319 1,721 - - Imports of G. & S. (MGS 434 629 876 1,114 1,524 1,881 Intl. Reserves (RES) 44 79 44 45 56 141 206 90 PRINCIPAL RATIOSe DCD/XGS (% 61.1 47.0 71.3 84.1 85.9 94.8 . DOD/GNP % 14.9 13.2 18.2 26.6 29.4 32.8 33.9 31.6 TDS/XGS % 4.8 4.3 5.4 5.8 7.9 7.7 . TDS/GNP % 1.2 1.2 1.4 1.8 2.7 2.7 3.1 3.1 INT/XGS % 2.0 1.9 2.6 2.9 3.2 3.5 . INT/GNP % 0.5 0.5 0.7 0.9 1.1 1.2 1.7 1.8 RES/DOD % 22.3 28.6 8.5 5.4 4.9 8.6 10.3 4.4 RES/MGS months) 1.2 1.5 0.6 0.5 0.4 0.9 . MEMORANDA Proportion of Disbursed Debt Concessional Loans (%) 59.4 61.6 47.5 45.4 46.3 43.2 39.1 39.9 Var. Int. Rate Loans (% - 3.6 10.8 7.9 7.6 11.4 16.2 14.2 Use of IMF Credit(US$ miul - 5.7 39.4 41.2 42.7 32.7 15.3 4.1 1982 1983 1984 1985 1986 1987 1988 1989 PROJECTED PUBLIC DEBT SERVICE TOTAL DEBT SERVICE 300.6 300.9 308.2 308.3 307.5 256.3 245.5 21S.0 Principal 167.4 173.4 188.8 199.7 212.5 175.7 178.3 161.5 Interest 133.3 127.5 119.3 108.6 95.0 80.6 67.2 53.4 OFFICIAL CREDITORS 103.9 117.5 140.5 153.2 166.0 183.0 162.7 152.6 Principal 46.4 57.8 79.4 92.7 108.5 110.2 115.4 111.2 Interest 57.4 59.7 61.0 60.6 57.5 52.8 47.3 41.4 PRIVATE CREDITORS 196.8 183.4 167.7 155.0 141.5 93.2 82.8 62.4 Principal 120.9 115.5 109.4 107.1 104.1 65.5 62.9 50.3 Interest 75.8 67.8 58.3 48.0 37.4 27.7 19.9 12.0 38 CENTRAL AFRICAN REPUBLIC (USS Mi lions) 1972 1974 1976 197' 1978 1979 1980 1981 TOTAL DEBT OUTSTANDING DISBURSED ONL.Y TOTAL DEBT .. . .. .. .. Public / Publicly Guar. 36.4 65.0 89.7 114.1 131.2 142.8 206.2 213.1 Private Non-guaranteed .. .. .. .. . . . PUBLIC / PUBLICLY GUARANTEED DEBT DEBT OUTS. INC. UNDISB. 71.3 80.7 119.3 145.8 189.3 198.6 262.3 251.2 Official Creditors 35.7 46.6 71.1 86.0 118.0 129.5 201.1 200.1 Multilateral 12.7 14.6 27.9 42.4 73.6 83.8 96.3 94.5 IBRD - - - - - - - IDA 12.7 13.4 13.4 13.4 28.9 31.4 36.6 39.9 Bilateral 23.0 32.0 43.2 43.6 44.5 45.6 104.9 105.5 Private Creditors 35.6 34.1 48.1 59.6 71.2 69.2 61.2 51.1 Suppliers 33.1 31.0 45.5 57.2 68.6 66.5 56.5 50.6 Financial Markets 2.5 3.1 2.7 2.6 2.7 2.7 2.6 0 5 DEBT OUTS. DISB. (DOD) 36.4 65.0 89.7 114.1 131.2 142.8 206.2 213.1 Official Creditors 24.2 32.2 47.4 54.3 60.0 73.7 145.1 162.0 Multilateral 6.1 9.1 10.8 13.5 21.7 33.0 63.1 64.5 IBRO - - _- - - IDA 6.1 9.1 9.9 10.9 11.5 18.6 28.8 33.1 Bilateral 18.2 23.1 36.6 40.8 38.2 40.7 82.0 97.4 Private Creditors 12.2 32.8 42.3 59.8 71.2 69.2 61.2 51.1 Suppliers 10.8 30.2 39.6 57.2 68.6 66.5 58.5 50.6 Financial Markets 1.4 2.6 2.7 2.6 2.7 2.7 2.6 0.5 COMMITMENTS 30.8 7.2 6.5 23.5 47.7 9.7 83.1 18.8 Official Creditors 8.2 6.7 6.5 13.5 34.4 9.7 77.1 18.8 Multilateral 3.9 - 1.8 13.5 28.8 9.7 14.9 4.0 IBRD - - - - - - - IDA 3.9 - - - 15.5 2.5 5.5 3.9 Bilateral 4.3 6.7 4.7 - 5.6 - 62.2 14.8 Private Creditors 22.6 0.5 - 10.0 13.3 . - 6.0 - Suppliers 22.5 - - 10.0 13.3 - 6.0 - Financial Markets 0.1 0.5 - - - - - - DISBURSEMENTS 16.0 10.5 16.9 22.6 23.8 12.5 80.0 25.9 Official Creditors 9.6 3.7 8.8 6.8 10.5 12.5 74.1 25.9 Multilateral 3.4 1.0 0.7 2.7 8.0 11.1 31.5 4.5 IBRD - - - - - - - - IDA 3.4 1.0 0.2 1.0 0.6 7.1 10.3 4.5 Bilateral 6.2 2.7 8.1 4.0 2.6 1.3 42.6 21.4 Private Creditors 6.5 6.8 8.1 15.9 13.3 - 6.0 - Suppliers 5.1 6.8 8.0 15.9 13.3 - 6.0 - Financial Markets 1.4 0.0 0.2 - - - - - PRINCIPAL REPAYMENTS 1.1 3.7 1.6 3.1 3.3 0.1 2.3 5.1 Official Creditors 0.3 1.6 0.8 2.1 1.0 0.1 2.2 4.1 Multilateral - - - 0.1 0.1 - 0.6 0.1 IBRD - - - - IDA - - - - - - 0.1 0.1 Bilateral 0.3 1.6 0.8 2.0 0.9 0.1 1.6 4.0 Private Creditors 0.8 2.1 0.8 1.0 2.3 - 0.0 1.0 Suppliers 0.8 2.0 0.8 1.0 2.3 - 0.0 1.0 Financial Markets - 0.1 0.0 0.0 - - - - NET FLOWS 14.9 6.8 15.3 19.5 20.5 12.4 77.8 20.8 Official Creditors 9.3 2.1 7.9 4.7 9.5 12.4 71.9 21.8 Multilateral 3.4 1.0 0.7 2.6 7.9 11.1 30.9 4.4 IBRD - - - - - - - - IDA 3.4 1.0 0.2 1.0 0.6 7.1 10.2 4.4 Bilateral 5.9 1.1 7.3 2.0 1.6 1.3 41.0 17.4 Private Creditors 5.6 4.7 7.3 14.8 11.0 - 5.9 -1.0 Suppliers 4.2 4.8 7.2 14.9 11.0 - 5.9 -1.0 Financial Markets 1.4 -0.1 0.1 0.0 - - - - INTEREST PAYMENTS(INT) 0.6 1.2 0.6 1.2 1.1 0.2 0.3 0.7 Official Creditors 0.2 0.6 0.2 0.6 0.1 0.2 0.3 0.4 Multilateral 0.0 0.0 0.1 0.1 0.0 0.1 0.3 0.3 IBRD - - - - - - - - IDA 0.0 0.0 0.1 0.1 - 0.1 0.2 0.2 Bilateral 0.2 0.6 0.2 0.5 0.1 0.1 0.0 0.1 Private Creditors 0.4 0.6 0.4 0.6 1.0 - - 0.3 Suppliers 0.3 0.4 0.4 0.5 1.0 - - 0.3 Financial Markets 0.0 0.2 - 0.1 - - - - 39 CENTRAL AFRICAN REPUBLIC (US$ Wilh!ons) 1972 1974 1976 1977 1978 1979 1880 1981 NET TRANSFERS 14.3 5.6 14.7 18.3 19.4 12.2 77.5 20.1 Official Creditors 9.1 1.5 7.7 4.1 9.4 12.2 71.5 21.4 Multilateral 3.4 0.9 0.6 2.5 7.8 11.0 30.5 4.1 IBRD - - - - - - - - IDA 3.4 0.9 0.1 0.9 0.6 7.0 10.0 4.2 Bilateral 5.7 0.6 7.1 1.6 1.6 1.2 41.0 17.3 Private Creditors 5.3 4.1 7.0 14.3 10.0 - 5.9 -1.3 Suppliers 3.9 4.4 6.8 14.4 10.0 - 5.9 -1.3 Financial Markets 1.4 -0.3 0.1 -0.1 - - - - TOTAL DEBr SERVICE(TDS) 1.7 4.9 2.3 4.3 4.4 0.3 2.6 5.8 Official Creditors 0.5 2.2 1.1 2.7 1.1 0.3 2.5 4.6 Multilateral 0.0 0.0 0.1 0.3 0.1 0.1 0.9 0.4 IBRD - - - - - - - - IDA 0.0 0.0 0.1 0.1 - 0.1 0.3 0.3 Bilateral 0.5 2.1 1.0 2.4 1.0 0.2 1.6 4.1 Private Creditors 1.2 2.8 1.2 i.6 3.3 - 0.0 1.3 Suppliers 1.2 2.5 1.2 1.5 3.3 - 0.0 1.3 Financial Markets 0.0 0.3 0.0 0.1 - - - - AVERAGE TERMS: PUBLiC DEBT NEW COMMITMENTS ALL CREDITORS Interest (%) 4.7 3.4 0.1 3.5 1.4 0.5 2.8 3.6 Maturity (years) 15.7 23.4 13.9 31.1 29.3 50.0 11.3 30.4 Grace Period (years) 3.8 7.5 3.5 6.4 6.2 10.5 2.8 7.4 Grant Element (%) 26.6 49.9 50.8 51.0 58.2 85.4 29.0 51.5 OFFICIAL CREDITORS Interest (%) 1.4 2.7 0.1 0.7 1.0 0.5 2.6 3.6 Maturity( years) 31,7 24.8 13.9 49.6 36.6 50.0 11.4 30.4 Grace Period (years) 7.7 8.0 3.5 10.1 8.3 10.5 2.6 7.4 Grant Element (%) 59.4 53.9 50.8 83.0 69.2 85.4 29.6 51.5 PRIVATE CREDITORS Interest (%) 5.8 12.2 - 7.2 2.3 - 6.0 - Maturity (years) 9.9 3.3 - 6.2 10.4 - 10.0 - Grace Period (years) 2.4 1.3 - 1.4 0.9 - 5.5 - Grant Element (%) 14.6 -4.9 - 7.9 29.6 - 20.0 - MAJOR ECONOMIC AGGREGATES (U.S. $ MILLIONS) Gross Nat. Product (GNP) 212 286 436 490 592 693 777 677 Exports of G. & S. XGS) 58 79 102 131 147 160 171 Imports of G. & S. MGS) 87 135 144 188 224 265 292 Intl. Reserves (RES) 2 2 19 26 26 50 62 74 PRINCIPAL RATIOS e OOD/XGS % 62.8 82.3 88.3 87.3 89.4 89.4 120.8 DOD/GNP (% 17.2 22.7 20.5 23.3 22.2- 20.6 26.5 31.5 TDS/XGS % 3.0 6.3 2.2 3.3 3.0 0.2 1.5 TDS/GNP % 0.8 1.7 0.5 0.9 0.7 - 0.3 0.9 INT/XGS % 1.0 1.6 0.6 0.9 0.7 0.1 0.2 INT/GNP % 0.3 0.4 0.1 0.2 0.2 - - 0.1 RES/DOD % 4.7 2.7 21.0 23.0 19.8 35.0 29.9 34.6 RES/MGS months) 0.2 0.2 1.6 1.7 1.4 2.3 2.5 MEMORANDA Proportion of Disbursed Debt Concessional Loans (%) 50.3 40.0 40.0 38.1 39.7 45.9 47.7 46.5 Var. Int. Rate Loans (% 3.7 3.8 2.9 2.3 2.0 1.8 1.3 0.2 Use of IMF Credit(US$ mil - 3.3 11.1 11.7 13.4 10.8 7.4 22.9 1982 1983 1984 1985 1986 1987 1988 1989 PROJECTED PUBLIC DEBT SERVICE TOTAL DEST SERVICE 19.7 20.7 20.6 22.4 19.4 18.2 16.9 15.0 Principal 15.0 16.4 16.6 18.8 16.3 15.7 15.0 13.6 Interest 4.7 4.3 3.9 3.6 3.1 2.5 1.9 1.4 OFFICIAL CREDITORS 13.6 17.6 17.6 17.5 14.2 13.3 13.0 11.8 Principal 10.0 14.2 14.5 14.5 11.5 11.0 11.2 10.5 Interest 3.5 3.4 3.2 3.0 2.7 2.2 1.8 1.3 PRIVATE CREDITORS 6.1 3.1 2.9 5.0 5.2 5.0 4.0 3.2 Principal 5.0 2.2 2.2 4.3 4.8 4.6 3.8 3.1 Interest 1.1 0.9 0.8 0.6 0.5 0.3 0.1 0.1 40 CHAD (US$ Millions) 1972 1974 1976 1977 1978 1979 1980 1981 TOTAL DEBT OUTSTANDING DISBURSED ONLY TOTAL DEBT .. .. .. Public / Publicly Guar. 26.0 53.5 95.4 116.5 156.5 171.7 159.3 142.6 Private Non-guaranteed . . .. . . . . PUBLIC / PUBLICLY GUARANTEED DEBT DEBT OUTS. INC. UNDISB. 37.4 133.1 250.1 244.7 282.7 271.7 231.2 221.0 Official Creditors 28.5 113.2 206.5 208.7 247.2 241.6 210.0 207.9 Multilateral 11.8 30.1 97.7 104.4 142.3 140.5 118.9 128.0 IBRD - - - - - - - - IDA 10.5 24.7 49.7 51.6 79.0 76.4 57.3 72.2 Bilateral 16.7 83.1 108.8 104.3 104.9 101.1 91.1 79.9 Private Creditors 8.9 19.9 43.6 36.0 35.5 30.1 21.2 13.0 Suppliers 7.3 11.7 29.5 25.8 26.6 23.7 17.2 10.6 Financial Markets 1.7 8.2 14.0 10.2 8.9 6.5 4.0 2.4 DEBT OUTS. DISB. (DOD) 26.0 53.5 95.4 116.5 156.5 171.7 159.3 142.6 Official Creditors 17.1 33.9 73.1 94.9 128.9 142.4 138.3 129.5 Multilateral 4.0 8.4 25.0 48.6 75.6 88.7 92.7 91.2 IBRD - - - - - - - - IDA 2.6 6.9 15.4 23.8 33.4 35.7 36.1 37.3 Bilateral 13.2 25.5 48.1 46.3 53.3 53.7 45.6 38.4 Private Creditors 8.9 19.6 22.3 21.6 27.6 29.3 21.0 13.0 Suppliers 7.2 11.7 10.5 13.0 19.9 23.1 17.0 10.6 Financial Markets 1.7 7.9 11.8 8.6 7.7 6.1 4.0 2.4 COMMITMENTS 3.3 75.7 110.7 8.1 36.6 - - 6.0 Official Creditors 3.3 72.6 88.2 6.5 36.6 - - 6.0 Multilateral 2.2 14.9 57.9 4.5 34.1 - - 6.0 IBRD - - - - - - - - IDA 2.2 11.0 20.0 1.9 27.4 - 6.0 Bilateral 1.1 57.7 30.4 2.0 2.5 - - - Private Creditors - 3.1 22.4 1.5 - _ Suppliers - - 20.9 1.5 - - - - Financial Markets - 3.1 1.5 - - - - - DISBURSEMENTS 2.4 15.8 35.8 38.2 42.6 26.2 8.4 10.7 Official Creditors 2.1 4.6 30.1 28.8 34.9 19.3 7.8 10.5 Multilateral 0.6 2.4 6.9 23.3 24.9 15.0 6.0 6.6 IBRD - - - IDA 0.6 2.4 4.0 8.3 9.6 5.0 0.4 3.8 Bilateral 1.5 2.2 23.3 5.6 10.0 4.2 1.8 3.9 Private Creditors 0.2 11.2 5.7 9.3 7.7 7.0 0.6 0.1 Suppliers 0.2 4.7 1.0 8.6 7.1 6.1 0.3 0.1 Financial Markets - 6.5 4.7 0.7 0.6 0.9 0.3 - PRINCIPAL REPAYMENTS 3.5 2.9 4.4 10.8 11.9 14.4 11.0 11.4 official Creditors 1.4 1.8 3.5 7.1 7.7 8.0 5.3 7.5 Multilateral - - - - 0.1 2.7 0.1 2.9 IBRD - - - - - - - - IDA - - - - - 2.6 - 2.6 Bilateral 1.4 1.8 3.5 7.1 7.6 5.3 5.2 4.6 Private Creditors 2.0 1.2 0.9 3.7 4.3 6.3 5.8 3.9 Suppliers 1.9 0.6 0.8 1.8 2.1 3.7 3.9 3.2 Financial Markets 0.1 0.5 0.2 1.9 2.2 2.6 1.9 0.8 NET FLOWS -1.1 12.9 31.5 27.4 30.7 11.9 -2.6 -0.7 official Creditors 0.7 2.8 26.7 21.7 27.3 11.2 2.6 3.0 Multilateral 0.6 2.4 6.9 23.3 24.9 12.3 6.0 3.7 IBRO - - - - - - - IDA 0.6 2.4 4.0 8.3 9.6 2.3 0.4 1.2 Bilateral 0.1 0.4 19.8 -1.5 2.4 -1.1 -3.4 -0.7 Private Creditors -1.8 10.1 4.8 5.7 3.4 0.6 -5.2 -3.8 Suppliers -1.7 4.1 0.3 6.9 5.0 2.4 -3.6 -3.0 Financial Markets -0.1 6.0 4.5 -1.2 -1.6 -1.8 -1.6 -0.8 INTEREST PAYMENTS(INT) 0.7 0.7 0.9 2.5 3.5 3.8 3.8 2.9 Official Creditors 0.3 0.3 0.4 1.1 1.4 1.9 2.0 1.7 Multilateral 0.0 0.1 0.1 0.4 0.5 0.6 0.6 0.6 IBRO - - - - - - - - IDA 0.0 0.1 0.1 0.2 0.2 0.1 0.0 - Bilateral 0.3 0.2 0.3 0.8 0.9 1.3 1.4 1.2 Private Creditors 0.4 0.4 0.5 1.4 2.1 1.9 1.8 1.2 Suppliers 0.4 0.2 0.3 0.6 1.3 1.3 1.3 0.9 Financial Markets - 0.2 0.2 0.8 0.7 0.6 0.4 0.2 41 CHAD (USS Mi!lions) 1972 1974 1976 1977 1978 1979 1980 1981 NET TRANSFERS -1.8 12.2 30.5 24.9 27.2 8.0 -6.4 -3.7 official Creditors 0-4 2.5 26.2 20.6 25.9 9.3 0.6 1.3 Multilateral 0.6 2.4 6.7 22.° 24.4 11.8 5.4 3.1 IBRD - - - - - - - - IDA 0.6 2.4 3.9 8.1 9.4 2.2 0.4 1.2 B1lateral -0.2 0.2 19.5 -2.3 1.5 -2.4 -4.8 -1.8 Private Creditcrs -2.2 9.7 4.3 4.3 1.3 -1.3 -6.9 -5.0 Suppliers -2.1 3.9 0.0 6.3 3.7 1.1 -4.9 -3.9 Financial Markets -0.1 5.8 4.3 -2.0 -2.3 -2.4 -2.0 -1.0 TOTAL DEBT SERVICE(TDS) 4.2 3.6 5.3 13.2 15.4 18.2 14.8 14.3 Official Creditors 1.7 2.1 3.9 8.2 9.1 9.9 7.3 9.2 Multilateral 0.0 0.1 0.1 0.4 0.6 3.3 0.6 3.4 IBRD - - - IDA 0.0 0.1 0.t 0.2 0.2 2.7 0.0 2.6 Bilateral 1.7 2.0 3.8 7.9 8.5 6.7 6.6 5.8 Private Creditors 2.4 1.5 1.4 5.0 6.3 8.3 7.6 5.1 Suppliers 2.3 0.8 1.0 2.3 3.4 5.0 5.2 4.1 Financial Markets 0.i 0.7 0.4 2.7 2.9 3.2 2.3 1.0 AVERAGE TERMS: PUBLIC DEBT NEW COMMITMENTS ALL CREDITORS Interest (%) 0.9 0.9 2.4 5.0 0.7 - - 0.8 Maturity (years) 47.4 28.0 28.3 20.2 42.6 - - 49.8 Grace Period (years) 9.6 9.4 6.5 5.2 9.5 - - 10.3 Grant Element (,) 79.7 72.8 51.9 33.1 77.0 - - 83.2 OFFICIAL CREDITORS Interest (%) 0.9 0.6 1.2 4.5 0.7 - - 0.8 Maturity (years) 47.4 28.9 33.3 23.7 42.6 - - 49.8 Grace Per0od (years) 9.6 9.7 7.5 6.0 9.5 - - 10.3 Grant Element (%) 79.7 75.8 62.2 39.1 77.0 - - 83.2 PRIVATE CREDITORS Interest (%) - 9.0 7.1 7.2 - - - - Maturity (years) - 7.0 8.6 5.6 - - - - Grace Period (years) - 2.0 2.7 1.6 - - - - Grant Element (%) - 2.7 11.2 7.3 - - - - MAJOR ECONOMIC AGGREGATES (U.S. $ MILLIONS) Gross Nat. Product (GNP) 342 378 498 534 665 558 502 Exports of G. & S. XGS) 78 109 129 132 .. .. . Imports of G. & S. MGS) 114 171 223 261 Intl. Reserves (RES 10 15 23 20 14 17 12 12 PRINCIPAL RATIOSe DOD/XGS l% 33.2 48.9 74.2 88.1 .. .. . DOD/GNP (% 7.6 14.1 19.2 21.8 23.5 30.8 31.7 TDS/XGS % 5.3 3.3 4.1 10.0 .. .. . TDS/GNP % 1.2 0.9 1.1 2.5 2.3 3.3 3.0 INT/XGS % 0.9 0.6 0.7 1.9 . .. . INT/GNP (% 0.2 0.2 0.2 0.5 0.5 0.7 0.8 RES/DOD 38.7 28.5 24.4 16.9 8.8 10.0 7.4 8.3 RES/MGS (months) 1.1 1.1 1.3 0.9 .. . MEMORANDA Proportion of Disbursed Debt Concessional Loans (%) 59.3 45.1 69.4 77.3 79.1 80.1 84.2 88.4 Var. Int. Rate Loans (%) _ _ _ _ Use of IMF Credit(US$ mil) 2.4 3.8 11.0 11.5 10.6 10.0 6.9 8.3 1982 1983 1984 1985 1986 1987 1988 1989 PROJECTED PUBLIC DEBT SERVICE TOTAL DEBT SERVICE 10.6 9.1 12.5 13.2 10.2 10.6 10.4 9.4 Principal 7.8 6.6 10.2 11.2 8.4 8.9 8.9 8.0 Interest 2.8 2.5 2.3 2.0 1.8 1.7 1.5 1.4 OFFICIAL CREDITORS 6.2 5.3 8.9 9.9 10.2 10.6 10.4 9.4 Principal 4.3 3.4 7.0 8.0 8.4 8.9 8.9 8.0 Interest 1.9 1.9 1.9 1.9 1.8 1.7 1.5 1.4 PRIVATE CREDITORS 4.4 3.8 3.6 3.3 - - - - Principal 3.5 3.2 3.2 3.2 - - - - Interest 0.9 0.6 0.4 0.2 - - - - 42 COMOROS (USS Mi I I ions ) 1972 1974 1976 1977 1978 1979 1980 1981 TOTAL DEBT OUTSTANDING DISBURSED ONLY TOTAL DEBT .. .. . .. . Public / Publicly Guar. 1.5 4.3 18.5 23.4 28.1 38.7 49.3 64.5 Private Non-guaranteed . . .. .. .. .. . . PUBLIC / PUBLICLY GUARANTEED DEBT DEBT OUTS. INC. UNDISB. 1.6 4.9 33.8 43.6 58 3 80.9 96.4 105.2 Official Creditors 1.6 4.9 33.8 43.6 58.3 80.9 95.0 104.2 Multilateral - - 10.5 18.0 30.3 30.5 53.0 51.5 IBRD - - - - - - IDA - - - - 5.0 5.0 10.2 1O.2 Bilateral 1.6 4.9 23.3 25.5 28.0 50.4 42.0 52.7 Private Creditors - - - - - - 1.4 0.9 Suppliers - - - - _ _ _ Financial Markets - - - - - - 1.4 0.9 DEBT OUTS. DISB. (DOD) 1.5 4.3 18.5 23.4 28.1 38.7 49.3 54.5 Official Creditors 1.5 4.3 18.5 23.4 28.1 38.7 49.0 64.3 Multilateral - - 10.5 10.8 11.7 15.3 22.0 34.6 IBRD - - - - - - IDA - - - - - 2.5 4.2 5.6 Bilateral 1.5 4.3 8.0 12.6 16.3 23.5 27.0 29.8 Private Creditors - - - - - - 0.4 0.1 Suppliers - - Financial Markets - - - - - - 0.4 0.1 COMMITMENTS 0.3 2.4 28.2 8.4 11.6 21.8 24.5 15.6 Official Creditors 0.3 2.4 28.2 8.4 11.6 21.8 23.1 15.6 Multilateral - - 10.5 7.3 11.6 - 23.1 1.1 IBRD - - - - - - - - IDA - - - - 5.0 - 5.2 - 84lateral 0.3 2.4 17.7 1.1 - 21.8 - 14.5 Private Creditors - - - - - - 14 - Suppliers - - -- Financial Markets - - - - - - 1.4 - DISBURSEMENTS 0.3 2.4 14.6 4.6 3.6 10.3 18.9 17.2 Official Creditors 0.3 2.4 14.6 4.6 3.6 10.3 18.6 17.2 Multilateral - - 10.5 0.3 0.9 3.5 6.6 13.3 IBRD - - - - - - IDA - - - - - 2.5 1.8 1.4 Bilateral 0.3 2.4 4.1 4.4 2.7 6.8 11.9 3.9 Private Creditors - - - - - - 0.4 - Suppliers - - - - Financial Markets - - - - - - 0.4 - PRINCIPAL REPAYMENTS 0.1 0.1 0.4 0.3 0.1 - - 0.1 Official Creditors 0.1 0.1 0.4 0.3 0.1 - Multilateral - - - - - - _ _ IBRD _ IDA - - - - - Bilateral 0.1 0.1 0.4 0.3 0.1 - Private Creditors - - - - - - - 0.1 Suppliers - - - - - Financial Markets - - - - - - - 0.1 NET FLOWS 0.2 2.3 14.2 4.4 3.6 10.3 18.9 17.0 Official Creditors 0.2 2.3 14.2 4.4 3.6 10.3 18.6 17.2 Multilateral - - 10.5 0.3 0.9 3.5 6.6 13.3 IBRD - - - - - - - - IDA - - - - - 2.5 1.8 1.4 Bilateral 0.2 2.3 3.7 4.1 2.6 6.8 11.9 3.9 Private Creditors - - - - - - 0.4 -0.1 Suppliers - - - - Financial Markets - - - - - - 0.4 -0.1 INTEREST PAYMENTS(INT) 0.0 0.0 0.1 0.1 0.1 0.2 0.3 0.4 Official Creditors 0.0 0.0 0.1 0.1 0.1 0.2 0.3 0.4 Multilateral - - - - 0.0 0.0 0.0 0.0 IBRD - - - - IDA - - 0.0 0.0 0.0 Bilateral 0.0 0.0 0.1 0.1 0.1 0.2 0.3 0.3 Private Creditors - -- - - 0.0 Suppliers - - - Financial Markets - - - - - - - 0.0 43 COMOROS (Uss Mi l1ions) 1972 1974 1976 1977 1978 1979 1980 1981 NET TRANSFERS 0.2 2.3 14.1 4.3 3.5 10.O 18.6 16.6 Official Creditors 0.2 2.3 14.1 4.3 3.5 10.0 18.3 16.8 Multilateral - - 10.5 0.3 0.9 3.5 6.6 13.2 IBRD - - IDA - - - - - 2.5 1.7 1.4 Eilateral 0.2 2.3 3.6 4.0 2.5 6.5 11.7 3.6 Private Creditors - - - - - - 0.4 -0.2 Suppliers . - - - - - - Financial Markets - - - - - - 0.4 -0.2 TOTAL DEBT SERVICE(TDS) 0.1 0.2 0.5 0.4 0.2 0.2 0.3 0.5 Official Creditors 0.1 0.2 0.5 0.4 0.2 0.2 0.3 0.4 Multilateral - - - - 0.0 0.0 0.0 0.0 IBRD - - - IDA - - - - - 0.0 0.0 0.0 Bilateral 0.1 0.2 0.5 0.4 0.2 0.2 0.3 0.3 Private Creditors - - - - - - - 0.2 Suppliers - - - - - - - Financial Markets - - - - - - - 0.2 AVERAGE TERMS: PUBLIC DEBT NEW COMMITMENTS ALL CREDITORS Interest (%) 4.6 3.2 0.8 1.3 0.7 1.7 1.2 1.6 Maturity years) 11.4 10.4 25.2 43.3 45.6 25.5 43.4 28.3 Grace Perioc (years) 1.3 1.3 9.7 8.7 9.6 6.5 9.0 7.3 Grant Element (°") 23.0 27.3 71.7 73.6 80.0 60.4 74.9 63.0 OFFICIAL CREDITORS Interest (%) 4.6 3.2 0.8 1.3 0.7 1.7 0.8 1.6 Maturity (years) 11.4 10.4 25.2 43.3 45.6 25.5 45.8 28.3 Grace Period (years) 1.3 1.3 9.7 8.7 9.6 6.5 9.5 7.3 Grant Element (%) 23.0 27.3 71.7 73.6 80.0 60.4 79.3 63.0 PRIVATE CREDITORS Interest (%) - - - - - - 7.6 - Maturity (years) - - - - - - 5.2 - Grace Period (years) - - - - - - 1.5 - Grant Element (%) - - - - - - 5.8 - MAJOR ECONOMIC AGGREGATES (U.S. S MILLIONS) Gross Nat. Product (GNP) .. 62 52 61 73 92 110 101 Exports of G. & S. (XGS) . .. Imports of G. & S. (MGS) . . . .. .. Intl. Reserves (RES) .. .. .. .. .. .. PRINCIPAL RATIOSe DOD/XGS (% . . . . .. . . . . .. ... DOD/GNP (% .. 6.9 35.7 38.3 38.4 41.9 45.0 64.2 TDS/XGS t% .. .. .. .. .. .. . TDS/GNP (% .. 0.3 1.0 0.6 0.3 0.3 0.3 0.5 INT/XGS % .. .. .. .. .. .. INT/GNP (%) 0.1 0.2 0.2 0.1 0.3 0.3 0.4 RES/DOD % .%. .. .. .. .. .. RES/MGS months) .. .. .. .. .. .. . MEMORANDA Proportion of Disbursed Debt Concessional Loans (%) 84.5 90.5 97.6 96.0 92.4 94.2 99.2 99.7 Var. Int. Rate Loans (%) - - - - - - - - Use of IMF Credit(US$ mil) - - - - - - - - 1982 1983 1984 1985 1986 1987 1988 1989 PROJECTED PUBLIC DEBT SERVICE TOTAL DEBT SERVICE 1.1 1.3 2.8 3.0 5.0 4.8 4.9 5.1 Principal 0.4 0.4 1.9 2.0 4.1 3.9 3.9 4.2 Interest 0.8 0.8 0.9 1.0 1.0 0.9 0.9 0.9 OFFICIAL CREDITORS O.8 1.1 2.6 2.8 4.9 4.8 4.9 5.1 Principal 0.1 0.3 1.7 1.8 3.9 3.9 3.9 4.2 Interest 0.7 0.8 0.9 1.0 1.0 0.9 0.9 0.9 PRIVATE CREDITORS 0.3 0.2 0.2 0.2 0.2 - - - Principal 0.3 0.2 0.2 0.2 0.2 - - - Interest 0.0 0.0 0.0 0.0 0.0 - - - 44 CONGO, PEOPLE'S REPUBLIC OF (US$ Millions) 1972 1974 1976 1977 1978 1979 1980 1981 TOTAL DEBT OUTSTANDING DISBURSED ONLY TOTAL DEBT .. . .. .. .. Public / Putlicly Guar. 170.0 292.6 421.0 510.5 778.3 862.5 941.5 1,105.0 Private Non-guaranteed . . .. .. .. .. . PUBLIC ! PUBLICLY GUARANTEED DEBT DEBT OUTS. INC. UNDISB. 305.3 468.2 730.4 820.9 1,005.3 1,049.7 1,239.9 1,573.0 Official Creditors 221.6 336.0 541.3 608.2 692.5 731.9 765.6 759.8 Multilateral 47.7 56.4 112.6 120.9 146.9 147.5 213.6 234.0 IBRD 26.3 22.9 57.1 63.0 60.8 50.3 46.0 45.0 IDA 15.4 21.9 21.9 22.2 22.2 22.2 57.2 57.1 Bilateral 173.8 279.6 428.7 487.3 545.7 584.4 552.0 525.8 Private Creditors 83.8 132.2 189.1 212.8 312.8 317.8 474.3 813.2 Suppliers 79.5 124.5 158.9 162.9 217.4 186.4 173.7 317.1 Financial Markets 4.3 7.7 30.2 49.8 95.4 131.4 300.6 496.1 DEBT OUTS. DISB. (DOD) 170.0 292.6 421.0 510.5 778.3 862.5 941.5 1,105.0 Official Creditors 145.8 190.7 272.8 355.5 507.0 573.3 559.5 551.8 Multilateral 28.9 38.6 53.1 61.7 92.0 111.4 119.1 139.6 IBRD 26.3 22.9 25.6 25.3 41.8 41.8 39.4 41.8 IDA 2.6 9.7 17.4 18.9 20.2 20.9 22.0 36.9 Bilateral 116.9 152.1 219.7 293.9 415.0 462.0 440.5 412.2 Private Creditors 24.2 101.9 148.2 155.0 271.3 289.2 381.9 553.3 Suppliers 19.9 94.4 140.6 143.9 181.4 172.9 139.4 149.5 Financial Markets 4.3 7.5 7.6 11.1 89.9 116.2 242.5 403.7 cOMMITMENTS 81.5 72.6 236.6 84.3 157.2 99.6 319.0 515.7 Official Creditors 34.4 50.0 186.4 58.3 66.1 62.2 105.5 89.5 Multilateral 10.1 1.2 61.1 10.1 25.6 11.0 76.8 33.0 IBRD - - 38.0 8.0 - - - - IDA 6.3 - - 0.5 - - 35.0 - Bilateral 24.3 48.7 125.3 48.1 40.5 51.2 28.7 56.6 Private Creditors 47.1 22.7 50.1 26.0 91.1 37.A 213.5 426.2 SuDpliers 47.1 22.4 27.1 3.6 32.6 2.4 24.0 187.2 Financial Markets - 0.2 23.0 22.4 58.5 35.0 189.5 -239.0 DISBURSEMENTS 30.1 86.6 81.9 90.5 227.5 138.3 198.0 305.8 Official Creditors 25.9 26.8 58.9 78.8 125.7 86.8 46.5 64.1 Multilateral 2.6 8.1 14.5 10.6 31.2 30.1 14.9 28.5 IBRD - - 6.5 1.7 18.8 10.5 1.8 3.5 IDA 2.6 4.3 3.6 1.5 1.3 0.7 1.1 15.0 Bilateral 23.3 18.7 44.4 68.2 94.5 56.7 31.6 35.6 Private Creditors 4.2 59.8 23.0 11.7 101.8 51.5 151.5 241.8 Suppliers 4.2 58.9 19.7 5.4 19.9 25.8 9.2 47.0 Financial Markets - 0.9 3.3 6.3 81.9 25.8 142.3 194.8 PRINCIPAL REPAYMENTS 6.9 15.4 13.1 25.1 18.3 71.9 55.6 62.2 Official Creditors 3.6 6.6 6.5 9.9 9.2 22.4 19.3 23.7 Multilateral 1.6 1.8 2.4 2.7 2.5 11.3 5.7 2.5 IBRD 1.6 1.7 2.0 2.1 2.2 10.5 4.3 1.0 IDA - - - - - - 0.0 0.1 Bilateral 2.1 4.8 4.1 7.2 6.8 11.1 13.6 21.3 Private Creditors 3.3 8.8 6.6 15.1 9.1 49.5 36.3 38.4 Suppliers 2.7 8.2 5.3 12.5 4.0 48.1 24.8 22.5 Financial Markets 0.6 0.6 1.3 2.6 5.1 1.4 11.5 15.9 NET FLOWS 23.1 71.2 68.8 65.4 209.2 66.4 142.3 243.6 Official Creditors 22.3 20.2 52.4 68.9 116.5 64.4 27.2 40.3 Multilateral 1.0 6.3 12.1 7.9 28.8 18.8 9.2 26.0 IBRD -1.6 -1.7 4.6 -0.3 16.6 -0.1 -2.4 2.5 IDA 2.6 4.3 3.6 1.5 1.3 0.7 1.1 15.0 Bilateral 21.3 13.9 40.3 61.1 87.8 45.6 18.0 14.3 Private Creditors 0.9 51.0 16.4 -3.5 92.7 2.0 115.1 203.3 Suppliers t.4 50.7 14.5 -7.2 15.9 -22.3 -15.6 24.4 Financial Markets -0.6 0.3 1.9 3.7 76.8 24.3 130.8 178.9 INTEREST PAYMENTS(INT) 3.8 6.2 12.7 13.3 12.5 39.3 43.4 45.5 Official Creditors 3.1 4.1 5.1 5.4 6.8 11.6 19.6 21.9 Multilateral 1.8 2.3 2.2 3.2 4.1 4.8 5.4 5.3 IBRO 1.8 2.0 1.8 2.4 3.1 3.4 3.8 3.2 IDA - 0.1 0.1 0.1 0.1 0.1 0.2 0.2 Bilateral 1.3 1.8 2.9 2.2 2.8 6.8 14.2 16.5 Private Credit5rs 0.7 2.1 7.6 7.9 5.7 27.7 23.8 23.6 Suppliers 0.6 1.7 7.2 7.4 1.6 18.0 9.8 6.1 Financial Markets 0.1 0.4 0.3 0.4 4.1 9.7 14.0 17.5 45 CONGO, PEOPLE'S REPUBLIC OF (US$ Millions) 1972 1974 1976 1977 1978 1979 1980 1921 NET TRANSFERS 19.4 64.9 56.2 52.2 196.7 27.1 98.9 198.2 Official Creditors 19.2 16.1 47.3 63.6 109.7 52.8 7.6 18.5 Multilateral -0.8 3.9 9.9 4.7 24.7 14.0 3.8 20.7 IBRD -3.3 -3.7 2.8 -2.8 13.5 -3.4 -6.2 -0.8 IDA 2.6 4.2 3.5 1.4 1.2 0.6 0.9 14.8 Bilateral 20.0 12.1 37.4 58.8 85.0 38.8 3.8 -2.2 Private Creditors 0.2 48.9 8.8 -11.4 87 0 -25.7 91.3 179.7 Suppliers 0.8 49.0 7.3 -14.6 14.2 -40.3 -25.4 18.3 Financial Markets -0.6 -0.1 1.6 3.2 72.3 14.6 116.7 161.4 TOTAL DEBT SERVICE(TDS) 10.7 21.6 25.7 38.3 30.9 111.2 99.0 107.6 Official Creditors 6.7 10.7 11.6 15.3 16.1 34.0 38.9 45.6 Multilateral 3.3 4.2 4.6 5.9 6.6 16.2 11.1 7.8 IBRD 3.3 3.7 3.7 4.5 5.3 13.9 8.1 4.3 IDA - 0.1 0.1 0.1 0.1 0.1 0.2 0.3 Bilateral 3.4 6.6 7.0 9.4 9.5 17.9 27.8 37.8 Private Creditors 4.0 10.9 14.2 23.0 14.8 77.2 60.1 62.0 Suppliers 3.4 9.9 12.5 20.0 5.6 66.1 34.6 28.6 Financial Markets 0.6 1.0 1.7 3.1 9.2 11.1 25.6 33.4 AVERAGE TERMS: PUBLIC DEBT NEW COMMITMENTS ALL CREDITORS Interest (%) 5.3 5.3 5.8 5.1 6.9 5.2 10.2 11.5 Maturity (years) 13.1 15.2 17.1 10.1 9.7 9.2 15.7 7.3 Grace Period (years) 4.9 4.3 4.8 3.5 3.1 3.2 4.0 1.7 Grant Element (%) 24.5 28.8 25.6 21.0 13.6 21.3 9.3 -0.9 OFFICIAL CREDITORS Interest (%) 2.7 5.7 5.2 3.5 3.8 3.2 2.9 5.0 Maturity (years) 18.1 18.9 19.7 11.2 11.7 11.0 32.9 15.6 Grace Period (years) 4.3 5.2 5.5 3.9 3.4 4.1 7.7 4.1 Grant Element (%) 40.1 31.9 30.8 28.4 26.0 31.0 56.5 28.0 PRIVATE CREDITORS Interest (%) 7.3 4.4 7.9 8.7 9.1 8.6 13.8 12.8 Maturity (years) 9.4 7.1 7.4 7.5 8.2 6.2 7.1 5.6 Grace Period (years) 5.4 2.6 2.3 2.7 2.9 1.8 2.3 1.2 Grant Element (%) 13.0 22.0 6.5 4.5 4.6 5.1 -14.0 -6.9 MAJOR ECONOMIC AGGREGATES (U.S. $ MILLIONS) Gross Nat. Product (GNP 354 549 714 727 823 1,106 1,587 1,658 Exports of G. & S. (XGS) 115 305 293 349 380 569 1,030 Imports of G. & S. (MGS 227 370 543 547 609 697 1,234 Intl. Reserves (RES) 10 24 12 14 11 48 93 128 PRINCIPAL RATIOS e DOD/XGS % 147.5 96.0 143.6 146.4 204.6 151.6 91.4 DOD/GNP % 47.9 53.3 59.0 70.2 94.6 78.0 59.3 66.7 TDS/XGS % 9.3 7.1 8.8 11.0 8.1 19.6 9.6 TDS/GNP % 3.0 3.9 3.6 5.3 3.8 10.1 6.2 6.5 INT/XGS % 3.3 2.0 4.3 3.8 3.3 6.9 4.2 INT/GNP % 1.1 1.1 1.8 1.8 1.5 3.6 2.7 2.7 RES/DCD % 6.1 8.2 2.9 2.8 1.5 5.6 9.8 11.6 RES/MGS months) 0.5 0.8 0.3 0.3 0.2 0.8 0.9 MEMORANDA Proportion of Disbursed Debt Concessional Loans (%) 65.1 50.8 45.9 50.3 46.7 49.7 41.9 35.0 Var. Int. Rate Loans (% - - - 0.7 9.4 10.4 20.1 26.1 Use of IMF Credit(US$ mil - - - 9.7 14.7 16.1 6.1 - 1982 1983 1984 1985 1986 1987 1988 1989 PROJECTED PUBLIC DEBT SERVICE TOTAL DEBT SERVICE 280.3 335.5 287.1 235.9 168.6 131.3 98.6 70.0 Principal 186.1 242.9 216.4 186.3 133.5 106.0 81.2 56.5 Interest 94.2 92.6 70.8 49.6 35.2 25.3 17.4 13.5 OFFICIAL CREDITORS 68.8 77.7 75.7 77.9 72.2 68.4 64.0 55.3 Principal 48.4 57.7 56.3 59.7 55.6 53.4 50.5 43.5 Interest 20.3 20.0 19.4 18.2 16.6 15.0 13.4 11.9 PRIVATE CREDITORS 211.6 257.8 211.5 158.0 96.4 62.9 34.7 14.7 Principal 137.7 185.2 160.1 126.6 77.9 52.6 30.7 13.0 Interest 73.9 72.6 51.3 31.4 18.6 10.3 4.0 1.7 46 DJfBCUTI (US$ Mi llions) 1972 1974 1976 1977 1978 1979 198O 1981 TOTAL DEBT OUTSTANDING DISBURSED ONLY TOTAL DEBT .. .. .. .. .. Public / Publicly Guar. .. .. .. 12.0 13.1 12.8 12.7 10.6 Private Non-guaranteed .. .. .. .. .. . PUBLIC I PUBLICLY GUARANTEED DEBT DEBT OUTS. INC. UNDISB. .. .. .. 12.4 13.1 17.7 30.8 31.5 Official Creditors .. .. .. 12.4 13.1 17.7 30.8 31.5 Multilateral .. .. .. - - 4.9 7.4 9.7 IBRD - - - IDD Bl1ateral .. 12.4 13.1 12.8 23.4 21.S Private Creditors .. - - Suppliers _ _ Financial Markets .- - - - - DEBT OUTS. DISB. (DOD) .. .. .. 12.0 13.1 12.8 12.7 10.6 Official Creditors .. .. .. 12.0 13.1 12.8 12.7 10.6 Multilateral .. .. .. - - - 2.3 2.9 IBRD - - IDA .- - - - Bilateral .. .. .. 12.0 13.1 12.8 10.3 7.7 Private Creditors .- - - - Suppliers _ _ _ Financial Markets .. - - COMMITMENTS .. .. .. - - 4.7 16.1 6.3 Official Creditors .. .. .. - - 4.7 16.1 6.3 Multilateral .. .. .. - - 4.7 2.8 3.0 IBRO - - IDA - - Bilateral - - 13.4 3.3 Private Creditors ..- Suppliers - _ Financial Markets ..- - DISBURSEMENTS .. .. .. 1.7 0.4 - 2.4 1.2 Official Creditors .. .. .. 1.7 0.4 - 2.4 1.2 Multilateral .. .. .. - - - 2.4 0.8 IBRD . - - IDA - - - Bilateral .. .. .. 1.7 0.4 - - 0.4 Private Creditors ..- - - Suppliers .. . Financial Markets - - - - - PRINCIPAL REPAYMENTS .. .. .. 0.4 0.6 0.8 1.1 0.9 Official Creditors .. .. .. 0.4 0.6 0.8 1.1 0.9 Multilateral - - - - - IBRD IDA ..- - - - - Bilateral .. 0.4 0.6 0.8 1.1 0.9 Private Creditors . . .- - - - - Suppliers . . Financial Markets ..- - - - - NET FLOWS .. .. .. 1.3 -0.2 -0.8 1.3 0.3 Official Creditors .. .1. .. .3 -0.2 -0.8 1.3 0.3 Multilateral .. .. .. - - - 2.4 0.8 IBRD . IDA ..- - - - - Bilateral .. .. .. 1.3 -0.2 -0.8 -1.1 -0.5 Private Creditors . . - - SuJppliers _ _ _ Financial MarKets .- - - - - INTEREST PAYMENTS(INT) .. .. .. 0.5 0.5 0.5 0.6 0.4 Official Creditors .. .. .. 0.5 0.5 0.5 0.6 0.4 Multilateral .. .. .. - - - - 0.0 IBRD . .- IDA - - - - - Bilateral . . .. 0.5 0.5 0.5 0.6 0.4 Private Creditors .- - - - - Suppliers _ _ Financial Markets .. .. 47 DJIBOUTI (US$ Millions) 1972 1974 1976 1977 1978 1979 1980 1981 NET TRANSFERS .. .. .. 0.7 -0.6 -1.4 0.7 -0.1 Official Creoitors .. .. .. 0.7 -0.6 -1.4 0.7 -0.1 Multilateral .. - - - 2.4 o.e IBRD IDA - - Bilateral .. .. .. 0.7 -0.6 -1.4 - 1.7 -0.9 Private Creditors ..- - Suppliers .. Financial Markets - - - - TOTAL DEBT SERVICE(TDS) .. .. .. 1.0 1.0 1.4 1.7 1.3 Official Creditors .. .. .. 1.0 1.0 1.4 1.7 1.3 Multilateral . .. - - - - 0.0 IBRD IDA - - Bilateral .. .. .. 1.0 1.0 1.4 1.7 1.3 Private Creditors ..- - - Suppliers .. . Financial Markets ..- AVERAGE TERMS: PUBLIC DEBT NEW COMMITMENTS ALL CREDITORS Interest (%) .. .. .. - - 1.1 0.1 4.4 Maturity (years) .. .. .. - - 34.8 23.1 17.0 Grace Period (years) .. .. .. - - 9.0 11.1 5.9 Grant Element (%) .. .. .. - - 73.3 76.0 34.2 OFFICIAL CREDITORS Interest (%) .. .. .. - - 1.1 0.1 4.4 Maturitv (years) .. .. .. - - 34.8 23.1 17.0 Grace Period (years) .. .. .. - - 9.0 11.1 5.9 Grant Element (%) .. .. .. - - 73.3 76.0 34.2 PRIVATE CREDITORS Interest ( - - - - - Maturity (years) .. . Grace Period (years) .. . Grant Element (%) - - - - - MAJOR ECONOMIC AGGREGATES (U.S. $ MILLIONS) Gross Nat. Product (GNP) 45 65 88 99 120 143 165 179 Exports of G. & S. (XGS) .. .. .. .. .. .. Imports of G. & S. (MGS) .. .. .. .. .. Intl. Reserves (RES) .. .. .. .. .. .. . PRINCIPAL RATIOS DOD/XGS (%) .. .. .. .. .. .. . DOD/GNP % .. .. .. 12.2 10.9 8.9 7.7 5.9 TDS/XGS %)....... .. TDS/GNP %).... 1.0 0'.9 1.0 1.0 0.7 INT/XGS %) .. .. .. .. .. .. INT/GNP % .. .. .. 0.5 0.4 0.4 0.4 0.2 RES/DOD % .. .. .. .. .. .. RES/MGS (months) .. .. .. .. .. .. MEMORANDA Proportion of Disbursed Debt Concessional Loans (%) .. .. .. 82.0 83.0 83.9 87.2 89.6 Var. Int. Rate Loans (%) - - - - - Use of IMF Credit(US$ mil) - - - - - - - - 1982 1983 1984 t985 198s 1987 1s88 1989 PROJECTED PUBLIC DEBT SERVICE TOTAL DEBT SERVICE 1.3 1.5 1.6 1.8 1.7 1.7 1.7 1.8 Principal 0.9 0.9 1.1 1.3 1.3 1.3 1.4 1.4 Interest 0.5 0.5 0.5 0.5 0.5 0.4 0.4 0.4 OFFICIAL CREDITORS 1.3 1.5 1.6 1.8 1.7 1.7 1.7 1.8 Principal 0.9 0.9 1.1 1.3 1.3 1.3 1.4 1.4 Interest 0.5 0.5 0.5 0.5 0.5 0.4 0.4 0.4 PRIVATE CREDITORS - - - - - - - - Principal - - - - - Interest - - - - - - - - 48 ETHIOPIA (US$ Mil1ions) 1972 1974 1976 1977 1978 1979 1980 1981 TOTAL DEBT OUTSTANDING DISBURSED ONLY TOTAL DEBT .. .. .. .. .. .. Public / Publicly Guar. 226.2 283.1 402.2 447.4 511.2 616.7 689.4 830.4 Private Non-guaranteed . . .. .. .. .. . PUBLIC / PUBLICLY GUARANTEED DEBT DEBT OUTS. INC. UNDISB. 360.3 529.7 676.4 771.3 820.0 959.4 1,107.6 1,192.1 Official Creditors 340.7 511.9 663.0 759.9 803.1 919.0 1,029.4 i.090.6 Multilateral 170.0 273.2 388.9 461.0 480.9 519.5 550.7 594.2 IBRD 84.5 78.3 70.5 66.2 63.0 59.5 55.8 51.9 IDA 85.5 194.9 292.5 349.1 355.7 351.3 351.0 408.7 Bilateral 170.7 238.7 274.1 298.9 322.2 399.5 478.7 496.4 Private Creditors 19.6 17.8 13.4 11.4 16.9 40.3 78.1 101.5 Suppliers 4.0 0.9 1.1 1.4 9.5 20.9 62.6 65.6 Financial Markets 15.6 16.9 12.2 10.0 7.4 19.5 15.5 35 9 DEBT OUTS. DISB. (DOD) 226.2 283.1 402.2 447.4 511.2 616.7 689.4 830.4 Official Creditors 206.9 265.3 388.8 436.1 494.4 593.8 663.7 759.8 Multilateral 97.4 121.2 192.4 227.3 275.6 334.6 374.0 410.0 I8RD 64.2 66.5 68.6 65.7 62.6 59.4 55.8 51.9 IDA 33.2 54.7 109.1 142.1 174.1 220.8 248.5 275.5 Bilateral 109.6 144.1 196.4 208.8 218.8 259.2 289.7 349.8 Private Creditors 19.3 17.8 13.4 11.3 16.9 22.9 25.6 70.7 Suppliers 4.0 0.9 1.1 1.3 9.5 6.8 11.5 5E.2 Financial Markets 15.3 16.9 12.2 10.0 7.4 16.1 14.1 14.5 COMMITMENTS 63.9 96.0 52.6 95.5 67.8 158.0 177.9 160.2 Official Creditors 63.6 95.9 52.4 94.7 58.0 130.0 133.3 122.1 Multilateral 45.1 52.9 38.7 75.8 38.0 45.0 38.9 73.1 IBRD 10.8 - - - - - - - IDA 34.3 52.9 27.0 57.0 24.0 - - 73.0 Bilateral 18.5 43.0 13.7 18.9 20.0 84.9 94.4 49.0 Frivate Creditors 0.3 0.1 0.2 0.8 9.8 28.1 44.6 38.1 Suppliers - 0.1 0.2 0.8 9.8 14.0 44.6 12.9 Financial Markets 0.3 - - - - 14.0 - 25.2 DISBURSEMENTS 32.9 36.2 73.9 52.3 77.3 120.4 96.9 188.9 Official Creditors 32.2 32.3 73.8 51.5 67.5 109.7 87.5 130.8 Multilateral 13.9 11.9 39.7 39.3 52.7 62.3 45.1 45.2 IBRD 9.4 2.5 3.1 1.4 0.2 0.3 0.1 - IDA 4.5 9.4 36.0 33.2 34.0 47.0 28.2 27.5 Bilateral 18.3 20.4 34.1 12.2 14.8 47.4 42.4 85.6 Private Creditors 0.7 3.8 0.1 0.7 9.8 10.7 9.4 58.1 Suppliers 0.5 0.1 0.1 0.7 9.8 0.1 7.3 53.8 Financial Markets 0.2 3.7 - - - 10.6 2.1 4.3 PRINCIPAL REPAYMENTS 13.3 11.4 13.7 13.8 14.6 15.4 16.6 25.7 Official Creditors 6.5 9.1 10.6 10.9 9.9 10.5 10.6 13.8 Multilateral 2.3 3.6 4.2 4.6 3.6 3.8 4.1 4.4 IBRD 2.3 3.4 4.0 4.3 3.3 3.5 3.7 3.9 IDA - 0.2 0.2 0.2 0.3 0.4 0.4 0.5 Bilateral 4.2 5.5 6.4 6.3 6.3 e.7 6.6 9.4 Private Creditors 6.8 2.4 3.1 2.9 4.7 4.9 6.0 11.9 Suppliers 4.0 0.6 1.4 0.6 1.6 2.7 2.6 8.9 Financial Markets 2.8 1.8 1.7 2.3 3.1 2.1 3.3 3.0 NET FLOWS 19.6 24.7 60.2 38.5 62.7 105.0 80.3 163.2 Official Creditors 25.7 23.3 63.2 40.7 57.6 99.2 76.9 116.9 Multilateral 11.6 8.3 35.5 34.8 49.1 58.5 41.0 40.7 IBRD 7.1 -0.9 -0.8 -2.9 -3.1 -3.2 -3.6 -3.9 IDA 4.5 9.3 35.7 33.0 33.7 46.7 27.8 27.0 Bilateral 14.1 15.0 27.7 5.9 8.6 40.7 35.9 76.2 Private Creditors -6.1 1.4 -3.0 -2.2 5.0 5.8 3.4 46.2 Suppliers -3.5 -0.5 -1.3 0.1 8.1 -2.7 4.7 44.9 Financial Markets -2.6 1.9 -1.7 -2.3 -3.1 8.5 -1.3 1.3 INTEREST PAYMENTS(INT) 8.1 9.7 10.4 11.3 12.4 13.1 16.9 20.0 Official Creditors 7.0 8.5 9.7 10.4 11.2 11.9 14.6 16.5 Multilateral 4.2 5.2 5.7 6.1 6.8 7.3 8.6 6.1 IBRD 3.9 4.8 5.0 5.2 5.7 5.8 6.5 3.5 IDA 0.3 0.4 0.6 0.9 1.1 1.4 1.7 1.9 Bilateral 2.9 3.3 4.0 4.3 4.4 4.6 6.0 10.4 Private Creditors 1.1 1.2 0.8 1.0 1.2 1.2 2.3 3.5 Suppliers 0.4 0.1 0.2 0.1 0.4 0.6 0.5 1.8 Financial Markets 0.6 1.1 0.5 0.9 0.8 0.5 1.8 1.8 49 ETHIOPIA (USS Millions) 1972 1974 1976 1977 1978 1979 1980 1981 NET TRANSFERS 11.5 15.0 49.8 27.1 50.2 92.0 63.5 143.2 Official Creditors 18.7 14.8 53.5 30.3 46.4 87.3 62.3 100.5 Mult.lateral 7.4 3.2 29.8 28.7 42.2 51.2 32.5 34.6 IBRD 3.2 -5.7 -5.9 -8.1 -8.7 -9.0 -10.1 -7.4 IDA 4.2 8.9 35.1 32.1 32.6 45.3 26.1 25.0 Bilateral 11.2 11.7 23.7 1.6 4.2 36.1 29.8 65.8 Private Creditors -7.2 0.2 -3.7 -3.2 3.8 4.7 1.2 42.7 Suppliers -4.0 -0.6 -1.5 0.1 7.7 -3.3 4.3 43.2 Financial Markets -3.2 0.8 -2.2 -3.2 -3.9 8.0 -3.1 -0.5 TOTAL DEBT SERVICE(TDS) 21.4 21.1 24.1 25.1 27.0 28.4 33.5 45.7 Official Creditors 13.6 17.5 20.3 21.2 21.1 22.4 25.2 30.3 Multilateral 6.5 8.8 9.9 10.6 10.5 11.2 12.6 1^.5 IBRD 6.2 8.2 9.0 9.5 8.9 9.3 10.2 7.4 IDA 0.3 0.5 0.9 1.1 1.5 1.8 2.1 2.5 Bilateral 7.1 8.8 10.4 10.6 10.6 11.3 12.6 19.8 Private Creditors 7.8 3.6 3.9 3.9 5.9 6.0 8.2 15.4 Suppliers 4.4 0.7 1.6 0.7 2.0 3.4 3.1 10.6 Financial Markets 3.4 2.9 2.2 3.2 3.9 2.6 5.2 4.8 AVERAGE TERMS: PUBLIC DEBT NEW COMMITMENTS ALL CREDITORS Interest (%) 2.4 0.7 1.3 1.2 1.8 4.1 3.3 4.6 Maturity years) 42.3 36.7 41.2 42.0 32.5 18.3 18.9 28.4 Grace Period (ye-rs) 9.3 9.1 8.8 8.7 7.4 5.7 4.2 5.4 Grant Element (%) 66.4 75.4 72.8 74.7 62.1 39.0 40.8 44.5 OFFICIAL CREDITORS Interest (%) 2.3 0.7 1.3 1.1 C.8 3.3 2.4 2.4 Maturity years) 42.5 36.7 41.3 42.3 37.2 20.8 22.3 35.0 Grace Period (years) 9.3 9.2 8.8 8.8 8.5 6.7 4.9 6.8 Grant Element (%) 66.7 75.4 73.0 75.3 71.6 45.8 49.4 61.0 PRIVATE CREDITORS Interest (%) 6.5 7.0 7.5 8.5 7.3 8.1 6.2 11.8 Maturity years) 9.8 2.2 4.8 7.8 4.4 6.3 8.7 7.4 Grace Period (years) 3.3 0.7 0.2 1.7 0.9 1.2 1.8 0.8 Grant Element (%) 15.2 3.6 5.0 4.6 5.6 7.3 15.2 -8.1 MAJOR ECONOMIC AGGREGATES (U.S. $ MILLIONS) Gross Nat. Product (GNP) 2,046 2,663 2,881 3.296 3,488 3,846 4,095 4,237 Exports of G. & S. XGS) 247 390 391 435 402 539 573 530 Imports of G. & S. (MGS 257 387 482 572 595 713 872 852 Intl. Reserves (RES) 99 315 332 260 218 319 262 370 PRINCIPAL RATIOS DOD/XGS (%Y 91.5 72.5 102.8 102.9 127.3 114.4 120.4 156.6 DOD/GNP (% 11.1 10.6 14.0 13.6 14.7 16.0 16.8 19.6 TDS/XGS (% 8.7 5.4 6.2 5.8 6.7 5.3 5.8 8.6 TDS/GNP % 1.0 0.8 0.8 0.8 0.8 0.7 0.8 1.1 INT/XGS % 3.3 2.5 2.7 2.6 3.1 2.4 2.9 3.8 INT/GNP % 0.4 0.4 0.4 0.3 0.4 0.3 0.4 0.5 RES/DOD % 43.9 111.2 82.5 58.2 42.6 51.7 38.0 44.6 RES/MGS months) 4.6 9.8 8.3 5.5 4.4 5.4 3.6 5.2 MEMORANDA Proportion of Disbursed Debt Concessional Loans (%) 62.9 69.6 79.1 82.3 64.1 84.4 84.3 76.7 Var. Int. Rate Loans (% - 2.1 0.9 0.5 0.2 1.7 1.5 1.0 Use of IMF Credit(US$ miul - - - - - 48.0 45.9 114.1 1982 1983 1984 1985 1986 1987 1988 1989 PROJECTED PUBLIC DEBT SERVICE TOTAL DEBT SERVICE 69.1 77.6 78.3 79.8 78.7 69.9 66.0 59.3 Principal 47.4 54.6 56.7 60.2 61.0 54.2 52.1 47.1 Interest 21.7 23.0 21.6 19.6 17.7 15.7 13.8 12.1 OFFICIAL CREDITORS 40.7 49.1 59.2 64.8 66.2 64.8 62.5 56.0 Principal 24.5 31.1 41.2 47.8 50.4 50.5 49.8 44.8 Interest 16.2 18.0 18.0 17.1 15.8 14.3 12.7 11.3 PRIVATE CREDITORS 28.4 28.5 19.1 15.0 12.5 5.1 3.5 3.2 Principal 22.9 23.5 15.6 12.5 10.6 3.7 2.4 2.4 Interest 5.5 5.0 3.6 2.5 1.9 1.4 1.1 0.9 50 GABON (US$ Millions) 1972 1974 1976 1977 1978 1979 1980 1981 TOTAL DEBT OUTSTANDING DISBURSED ONLY TOTAL DEBT .. . Public / Publiclv Guar. 200.6 493.1 1,079.5 1,279.4 1,277.6 1,311.0 1,188.6 915.1 Private Non-guaranteed .. .. . .. .. .. . PUBLIC / PUBLICLY GUARANTEED DEBT DEBT OUTS. INC. UNDISB. 213.4 561.9 1,175.9 1,331.5 1,592.8 1,603.9 1,394.3 1,088.7 Official Creditors 84.6 158.2 279.2 327.2 479.3 482.3 493.1 463.0 Multilateral 32.9 36.1 54.6 59.9 64.9 61.0 86.3 111.3 IBRD 25.4 25.4 28.4 27.3 26.0 22.1 20.4 16.e IDA - - - - - - - Bilateral 51.7 122.1 224.7 267.3 414.4 421.3 406.7 351.8 Private Creditors 128.8 403.7 896.6 1,004.3 1,113.5 1,121.6 901.2 625.6 Suppliers 85.4 154.8 247.5 233.1 208.3 197.5 154.3 87.1 Financial Markets 43.4 248.8 649.2 766.2 900.2 919.9 744.4 537.7 DEBT OUTS. DISB. (DOD) 200.6 493.1 1,079.5 1,279.4 1,277.6 1,311.0 1,188.6 915.1 Official Creditors 77.1 116.9 224.4 289.6 323.0 347.1 373.0 336.4 Multilateral 28.2 27.7 30.2 39.3 45.1 48.9 60.1 58.6 IBRD 24.1 17.3 21.0 21.3 21.3 20.3 18.6 17.0 IDA - - - - - - - - Bilateral 48.8 89.2 194.2 250.3 277.9 298.2 312.8 277.8 Private Creditors 123.6 376.2 855.1 989.8 954.6 963.9 815.7 578.7 Suppliers 82.2 153.1 240.7 224.7 195.6 175.4 139.7 79.2 Pinancial Markets 41.4 223.1 614.3 760.1 754.0 784.3 673.5 498.7 COMMITMENTS 93.2 197.4 425.9 212.7 364.7 233.2 190.1 94.4 Official Creditors 16.6 49.5 49.6 47.8 146.3 32.0 85.9 73.0 Multilateral 1.6 - 12.7 5.8 4.4 - 30.3 35.2 IBRD - - - - - - - - IDA - - - - - - - - Bilateral 15.0 49.5 36.9 42.0 141.9 32.0 55.6 37.8 Private Creditors 76.7 147.9 376.3 164.9 218.4 201.1 104.2 21.4 Suppliers 47.7 39.1 63.8 4.6 9.4 39.0 26.9 - Financial Markets 28.9 108.8 312.5 155.2 209.0 162.1 77.3 21.4 DISBURSEMENTS 98.0 165.7 421.4 259.9 123.1 263.6 249.3 87.4 Official Creditors 16.6 29.2 44.8 67.6 39.5 55.7 85.9 44.7 Multilateral 1.2 2.7 3.2 10.3 6.3 5.8 14.5 5.9 IBRD 0.3 2.4 2.6 1.4 1.3 0.8 0.1 0.1 IDA - - - - - - - - Bilateral 15.4 26.5 41.6 57.3 33.2 49.9 71.4 38.8 Private Creditors 81.4 136.6 376.7 192.3 83.6 207.9 163.4 42.7 Suppliers 54.5 38.7 56.8 3.4 6.2 31.0 31.9 4.5 Financial Markets 26.9 97.9 319.9 183.9 77.4 176.9 131.5 38.2 PRINCIPAL REPAYMENTS 18.2 30.0 58.0 106.2 213.2 257.8 289.0 217.0 Official Creditors 6.8 9.4 7.7 12.8 26.3 37.3 38.1 28.2 Multilateral 4.0 5.4 1.7 2.0 2.0 2.4 2.9 3.5 IBRD 3.9 4.9 0.9 1.1 1.3 1.7 1.8 1.8 IDA - - - - - - - - Bilateral 2.8 4.0 5.9 10.9 24.3 34.9 35.2 24.6 Private Creditors 11.4 20.6 50.4 93.3 187.0 220.5 250.9 188.8 Suppliers 8.7 15.8 24 1 30.8 56.2 57.7 52.5 41.4 Financial Markets 2.7 4.8 26.2 62.5 130.8 162.0 196.8 145.8 NET FLOWS 79.8 135.7 363.4 153.7 -90.2 5.8 -39.7 -129.6 Official Creditors 9.8 19.8 37.1 54.8 13.2 18.5 47.8 16.5 Multilateral -2.8 -2.7 1.5 8.4 4.3 3.4 11.6 2.3 IBRD -3.5 -2.6 1.7 0.3 0.0 -0.9 -1.7 -1.7 IDA - - - - - - - - Bilateral 12.6 22.5 35.7 46.4 8.9 15.0 36.2 14.2 Private Creditors 70.0 115.9 326.3 98.9 -103.4 -12.6 -87.5 -146.2 Suppliers 45.8 22.9 32.6 -27.4 -49.9 -26.7 -20.6 -36.9 Financial Markets 24.2 93.0 293.6 121.4 -53.4 15.0 -65.3 -107.6 INTEREST PAYMENTS(INT) 4.1 11.1 24.8 30.7 95.4 99.4 100.8 82.8 Official Creditors 1.9 3.6 8.1 8.2 17.8 19.2 21.2 20.6 Multilateral 1.1 1.3 1.8 1.9 2.4 2.6 2.8 3.0 IBRD 1.1 1.1 1.5 1.5 1.7 1.8 1.7 1.4 IDA - - - - - - - - Bilateral 0.8 2.3 6.4 6.3 15.4 16.5 18.5 17.6 Private Creditors 2.3 7.5 16.7 22.4 77.7 80.2 79.6 62.2 Suppliers 0.5 2.4 3.1 2.7 17.1 14.4 12.1 8.5 Financial Markets 1.8 5.1 13.6 19.8 60.1 65.3 67.1 53.5 GABON (US$ Mi11ions) 1972 1974 1976 1977 1978 1979 1980 1981 NET TRANSFERS 75.6 124.6 333.6 123.1 -185.6 -93.5 -140.5 -212.4 Official Creditors 7.9 16 1 29.0 46-6 -4.6 -0.7 26.6 -4.1 Multilateral -3.9 -4.1 -0.3 6.5 1.9 0.S 8.8 -0.7 IBRD -4.6 -3.7 0.2 -1.2 -1.8 -2.8 -3.4 -3.1 IDA - - - - - - Bilateral 11.8 20.2 29.3 40.1 -6.4 -1.5 17.8 -3.4 Private Creditors 67.7 108.5 309.6 76.5 -181.0 -92.8 -167.1 -203.3 Suppliers 45.4 20.5 29.6 -30.1 -67.0 -4i.2 *32.7 -45.3 Financial Markets 22.4 88.0 280.1 101.6 -113.6 -50.3 -132.4 -161.0 TOTAL DEBT SERVICE(TDS) 22.3 41.1 82.8 136.8 308.7 357.2 389.8 299.8 Official Creditors 8.7 13.0 15.8 21.1 44.0 56.4 59.4 48.8 Multilateral 5.1 6.7 3.5 3.9 4.4 5.0 5.7 6.6 IBRD 4.9 6.1 2.4 2.6 3.1 3.6 3.5 3.2 IDA - - - - - - - - Bilateral 3.6 6.3 12.3 17.2 39.6 51.4 53.7 42.2 Private Creditors 13.7 28.1 67.0 115.7 264.6 300.7 330.5 251.0 Suppliers 9.1 18.2 27.2 33.4 73.2 72.2 64.6 49.9 Financial Markets 4.5 9.9 39.8 82.3 190.9 227.3 263.9 199.2 AVERAGE TERMS: PUBLIC DEBT NEW COMMITMENTS ALL CREDITORS Interest %) 5.5 8.1 7.8 8.3 9.4 10.5 11.2 9.2 Maturity (years) 8.0 10.7 7.2 8.6 11.6 7.2 10.9 13.7 Grace Period (years) 2.4 3.G 2.1 2.7 3.5 2.4 3.7 4.5 Grant Element (%) 17.1 11.9 7.7 4.4 4.3 -2.9 -5.7 3.6 OFFICIAL CREDITORS Interest §%) 3.6 3.8 6.3 9.7 7.8 8.7 7.4 9.1 Maturity .years) 14.5 15.1 16.8 16.7 14.5 10.1 14.Z 15.3 Grace Period (years) 5.2 6.9 5.1 5.0 3.7 4.6 4.7 5.3 Grant Element (%) 36.4 43.7 24.7 -0.9 14.6 6.6 14.3 4.5 PRIVATE CREDITORS Interest %) 5.9 9.5 8.0 8.0 10.6 10.8 14.4 9.7 Maturity( years) 6.6 9.2 5.9 6.3 9.6 6.7 7.8 7.5 Grace Period (years) 1.7 2.5 1.7 2.1 3.4 2.1 2.8 1.0 Grant Element (%) 12.9 1.2 5.4 6.0 -2.6 -4.4 -22.3 - MAJOR ECONOMIC AGGREGATES (U.S. $ MILLIONS)t Gross Nat. Product GNP) 453 1,431 2,783 2,595 2,087 2,586 3,414 2,984 Exports of G. & S. XGS 311 1,005 1,358 1,487 1,483 2,028 . Imports of G. & S. MGS 340 859 1,442 1,508 1,437 1.807 . Intl. Reserves (RES) 23 103 116 11 25 27 115 204 PRINCIPAL RATIOS" DOD/XGS N 64.5 49.0 79.5 86.0 86.2 64.6 DOD/GNP % 44.3 34.5 38.8 49.3 61.2 50.7 34.8 30.7 TDS/XGS % 7.2 4.1 6.1 9.2 20.8 17.6 TDS/GNP N 4.9 2.9 3.0 5.3 14.8 13.8 11.4 10.0 INT/XGS % 1.3 1.1 1.8 2.1 6.4 4.9 INT/GNP % 0.9 0.8 0.9 1.2 4.6 3.8 3.0 2.8 RES/DOD % 11.6 20.9 10.8 0.9 1.9 2.0 9.7 22.3 RES/MGS months) 0.8 1.4 1.0 0.1 0.2 0.2 . MEMORANDA Proportion of Disbursed Debt Concessional Loans (%) 24.4 15.1 7.8 7.8 9.8 10.6 12.0 14.0 Var. Int. Rate Loans (% - - 16.1 23.8 20.7 22.3 22.4 22.9 Use of IMF Credit(US$ mil - - - - 9.9 20.1 14.5 13.2 1982 1983 1984 1985 1986 1987 1988 1989 PROJECTED PUBLIC DEBT SERVICE TOTAL DEBT SERVICE 272.7 233.0 213.0 185.7 137.4 95.8 74.3 48.5 Principal 184.7 157.5 150.9 138.0 103.1 70.9 56.2 35.0 Interest 88.0 75.5 62.2 47.8 34.2 24.9 18.1 13.5 OFFICIAL CREDITORS 56.1 62.0 57.8 60.0 59.3 52.4 48.3 45.3 Principal 32.7 37.4 33.9 37.5 38.8 34.6 33.0 32.4 Interest 23.4 24.6 23.9 22.5 20.4 17.7 15.3 12.9 PRIVATE CREDITORS 216.6 171.0 155.2 125.7 78.1 43.4 26.0 3.2 Principal 152.0 120.1 117.0 100.5 64.3 36.2 23.2 2.6 Interest 64.6 50.9 38.2 25.2 13.8 7.2 2.8 0.6 52 GAMBIA. THE (US$ wilUions) 1S72 1974 1976 1977 1978 1979 1580 1981 TOTAL. DEBT OUTSTANDING DISBURSED ONLY TOTAL DEBT .. .. .. .. .. .. Public / Publicly Guar. 7.4 11.9 13.7 24.3 26.8 51.4 95.4 126.3 Private Non-guaranteed - . .. .. .. .. .. PUBLIC / PUBLICLY GUARANTEED DEBT DEBT OUTS. INC. UNDISB. 13.3 22.4 54.7 88.3 94.1 156.1 218.3 213.6 official Creditors 13.3 22.4 54.7 88.3 94.1 i41.3 194.5 191.6 Multilateral 3.4 8.4 22.0 27.2 41.6 80.5 109.1 108.5 IBRD - - - - - - - - IDA 3.4 5.9 14.0 i4.0 22.5 27.5 27.5 30.4 Bilateral 9.9 14.1 32.8 61.2 52.4 60.8 85.4 83.1 Prtvate Creditors - - - - - 14.8 23.7 22.0 Suppliers - - -- 8.9 8.0 Financial Markets - - - - - 14.8 14.8 14.1 DEBT OUTS. DISB. (DOD) 7.4 11.9 13.7 24.3 26.8 51.4 95.4 126.3 Official Creditors 7.4 11.9 13.7 24.3 26.8 51.4 80.6 110.0 Multilateral 1.4 3.7 5.5 9.7 16.8 28.0 47.8 68.4 IBRD - - - - - - - - IDA 1.4 3.7 5.0 6.7 7.9 10.7 15.9 19.5 Bilateral 5.9 8.2 8.2 14.6 10.0 23.4 32.8 41.6 Private Creditors - - - - - - 14.8 16.3 Suppliers - - - - - - - 2.3 Financial Markets - - - - - - 14.8 14.1 COMMITMENTS 1.3 6.2 34.0 29.9 19.2 61.1 65.5 8.1 Official Creditors 1.3 6.2 34.0 29.9 19.2 46.3 56.1 8.1 Multilateral 1.3 4.8 13.7 4.9 13.8 38.0 30.7 4.9 IBRD - - - - - - - - IDA 1.3 2.4 8.1 - 8.5 5.0 - 3.0 Bilateral - 1.4 20.3 25.0 5.4 8.3 25.5 3.2 Private Creditors - - - - - 14.8 9.4 - Suppliers - - - - - - 9.4 Financial Markets - - - - - 14.8 - - DISBURSEMENTS 2.6 3.3 2.7 9.5 16.6 24.2 44.8 36.0 Official Creditors 2.6 3.3 2.7 9.5 16.6 24.2 30.0 33.7 Multilateral 1.4 1.2 0.9 4.2 6.7 11.1 20.3 21.9 IBRD - - - - - - - - IDA 1.4 1.2 0.4 1.6 1.3 2.8 5.2 3.7 Bilateral 1.2 2.1 1.8 5.3 9.9 13.1 9.7 11.7 Private Creditors - - - - - - 14.8 2.3 Suppliers - - - - - - - 2.3 Financial Markets - - - - - - 14.8 - PRINCIPAL REPAYMENTS 0.3 0.4 0.3 0.3 0.3 0.1 0.1 1.1 Official Creditors 0.3 0.4 0.3 0.3 0.3 0.1 0.1 0.4 Multilateral - - - - - - 0.0 0.1 IBRD - - - - - - - - IDA - - - - - - 0.0 0.0 Bilateral 0.3 0.4 0.3 0.3 0.3 0.1 0.1 0.3 Private Creditors - - - - - - - 0.7 Suppliers - - - Financial Markets - - - - - - - 0.7 NET FLOWS 2.4 2.9 2.3 9.1 16.3 24.0 44.7 34.9 Official Creditors 2.4 2.9 2.3 9.1 16.3 24.0 29.9 33.3 Multilateral 1.4 1.2 0.9 4.2 6.7 11.1 20.3 21.8 IBRD - - - - - - - - IDA 1.4 1.2 0.4 1.6 1.3 2.8 5.2 3.6 Bilateral 0.9 1.7 1.5 5.0 9.6 13.0 9.6 11.4 Private Creditors - - - - - - 14.8 1.6 Suppliers - - - - - - - 2.3 Financial Markets - - - - - - 14.8 -0.7 INTEREST PAYMENTS(INT) 0.0 0.1 0.0 0.0 0.1 0.2 0.7 3.2 Official Creditors 0.0 0.1 0.0 0.0 0.1 0.2 0.7 1.3 Multilateral 0.0 0.0 0.0 0.0 0.1 0.1 0.7 0.9 IBRD - - - - - - - - IDA 0.0 0.0 0.0 0.0 0.1 0.1 0.1 0.1 Bilateral 0.0 0.0 0.0 0.0 0.1 0.1 0.0 0.4 Private Creditors - - - - - - - 1.9 Suppliers - - - - - - - 0.0 Financial Markets - - - - - - - 1.9 53 GAMBIA, THE (UJS$ Mi II ions) 1972 1974 1976 1977 1978 1979 19aO 1981 NET TRANSFERS 2.3 2.9 2.3 9.1 16.2 23.9 44.0 31.6 Official Creditors 2.3 2.9 2.3 9.1 t6.2 23.9 29.2 32.0 Multilateral 1.4 1.2 0.8 4.1 6.7 11.0 19.6 20.9 IBRD - IDA 1.4 1.2 0.4 1.6 1.2 2.7 5.1 3.5 Bilateral 0.9 1.7 1.5 5.0 9.5 12.9 9.6 11.0 Private Creditcrs - - - - - - 14.8 -0.4 Suppliers - - - - - - - 2.3 Financial Markets - - - - - - 14.8 -2.6 TOTAL DEBT SERVICE(TDS) 0.3 0.4 0.4 0.4 0.5 0.3 0.8 4.4 Official Creditors 0.3 0.4 0.4 0.4 0.5 0.3 0.8 1.7 Multilateral 0.0 0.0 0.0 0.0 0.1 0.1 0.7 1.0 IBRD - - - - - - - - IDA 0.0 0.0 0.0 0.0 0.1 0.1 0.1 0.2 Bilateral 0.3 0.4 0.3 0.3 0.4 0.2 0.1 0.7 Private Creditors - - - - - - - 2.7 Suppliers - - _ _ _ 0.0 Financial Markets - - - - - - - 2.6 AVERAGE TERMS: PUBLIC DEBT NEW COMMITMENTS ALL CREDITORS Interest (%) 0.8 0.6 0.8 1.3 0.9 4.4 2.3 2.4 Maturity (years) 49.8 43.0 34.6 23.7 33.8 26.6 23.6 28.5 Grace Period (years) 10.3 8.2 11.0 5.4 8.5 5.7 5.9 7.3 Grant Element (%) 83.3 80.1 77.4 61.0 71.3 42.9 54.2 53.9 OFFICIAL CREDITORS Interest (%) 0.8 0.6 0.8 1.3 0.9 2.6 1.4 2.4 Maturity (years) 49.8 43.0 34.6 23.7 33.8 31.4 25.4 28.5 Grace Period (years) 10.3 8.2 11.0 5.4 8.5 6.9 6.7 7.3 Grant Element (%) 83.3 80.1 77.4 61.0 71.3 57.3 61.7 53.9 PRIVATE CREDITORS Interest (%) - - - - - 10.2 7.5 - Maturity (years) - - - - - 11.5 13.1 - Grace Period (years) - - - - - 2.0 1.6 - Grant Element (%) - - - - - -2.1 11.0 - MAJOR ECONOMIC AGGREGATES (U.S. $ MKLLONS) Gross Nat. Product GNP) 57 112 123 151 164 209 227 203 Exports of G. & S. XGS 27 54 56 68 58 79 66 61 Imports of G. & S. MGS 29 55 76 80 117 138 182 163 Intl. Reserves (RES) 11 28 21 24 26 2 6 4 PRINCIPAL RATIOS DOD/XGS %) 27.5 21.9 24.3 35.8 46.3 65.2 143.8 205.6 DDD/GNP % 12.8 10.6 11.2 16.1 16.3 24.6 42.1 62.1 TDS/XGS % 1.0 0.8 0.6 0.5 0.8 0.4 1.2 7.1 TDS/GNP % 0.5 0.4 0.3 0.2 0.3 0.1 0.3 2.1 INT/XGS % 0.1 0.1 0.1 0.1 0.2 0.2 1.1 5.3 INT/GNP % - - - - 0.1 0.1 0.3 1.6 RES/DOD % 154.6 236.2 150.6 100.4 97.4 3.8 5.9 3.1 RES/MGS tmonths) 4.7 6.1 3.3 3.6 2.7 0.2 0.4 0.3 MEMORANDA Proportion of Disbursed Debt Concessional Loans (%) 97.4 98.4 99.1 99.5 99.5 97.7 81.6 79.5 Var. Int. Rate Loans (%l - - - - - - 7.3 5.3 Use of IMF Credit(US$ mil) - - - 4.3 11.5 7.0 7.5 17.3 1982 1983 1984 1985 1986 1987 1988 1989 PROJECTED PUBLIC DEBT SERVICE TOTAL DEBT SERVICE 7.1 10.7 11.7 13.4 13.9 13.5 13.4 12.8 Principal 3.4 6.5 7.5 9.3 10.1 10.1 10.3 10.2 Interest 3.8 4.2 4.2 4.1 3.8 3.4 3.0 2.7 OFFICIAL CREDITORS 3.5 6.8 7.9 9.7 10.4 10.3 10.3 10.0 Principal 1.5 4.4 5.4 7.1 7.9 8.0 8.2 8.0 Interest 2.0 2.4 2.5 2.5 2.4 2.3 2.2 2.0 PRIVATE CREDITORS 3.6 3.9 3.9 3.7 3.5 3.3 3.0 2.8 Principal 1.8 2.1 2.1 2.1 2.1 2.1 2.1 2.1 Interest 1.8 1.8 1.7 1.6 1.3 1.1 0.9 0.7 54 GHANA (US$ Millions) 1972 1974 1976 1977 1978 1979 1980 1981 TOTAL DEBT OUTSTANDING DISBURSED ONLY TOTAL DEBT .. .. .. .. .. Public / Publicly Guar. 558.0 703.8 665.5 783.7 802.8 906.6 992.5 978.7 Private Non-guaranteed .. .. .. .. .. .. .. . PUBLIC / PUBLICLY GUARANTEED DEBT DEBT OUTS. INC. UNDISB. 609.6 791.7 961.9 1,112.2 1,178.4 1,302.3 1,434.4 1,309.7 Official Creditors 390.5 554.5 760.4 875.2 907.5 1,024.4 1,189.9 1,130.4 Multilateral 78.2 125.3 259.4 316.5 325.8 407.5 502.6 526.8 IBRD 45.3 41.7 127.0 172.8 170.1 167.1 163.8 159.7 IDA 32.9 76.0 99.3 108.1 107.8 126.4 179.7 206.4 Bilateral 312.3 429.2 501.0 558.7 581.7 616.9 687.3 603.5 Private Creditors 219.1 237.2 201.5 237.0 270.9 277.9 244.5 179.3 Suppliers 219.1 237.2 201.5 237.0 249.4 256.4 223.0 179.3 Financial Markets - - - - 21.5 21.5 21.5 - DEBT OUTS. DISE. (DOD) 558.0 703.8 665.5 783.7 802.8 906.6 992.5 978.7 Official Creditors 338.8 466.6 487.8 553.4 553.4 650.2 769.5 799.4 Multilateral 66.0 75.2 95.5 134.2 175.2 243.6 298.1 335.2 IBRD 44.a 41.7 38.2 42.6 66.1 92.S 114.2 128.8 IDA 21.7 33.6 56.3 79.2 90.5 94.5 99.1 110.6 Bilateral 272.9 391.4 392.3 419.3 378.2 406.5 471.4 464.2 Private Creditors 219.1 237.2 177.7 230.3 249.4 256.4 223.0 179.3 Suppliers 219.1 237.2 177.7 230.3 249.4 256.4 223.0 179.3 Financial Markets - - - - - - - - COMMITMENTS 1.6 44.9 120.2 120.8 98.9 127.7 175.8 43.6 Official Creditors 1.6 44.9 97.8 114.0 77.4 127.7 175.8 43.6 Multilateral - 17.2 40.7 58.1 9.3 83.6 104.3 39.7 IBRD - - 24.5 48.0 - - - - IDA - 12.4 - 9.0 - 19.0 54.5 27.5 Bilateral 1.6 27.7 57.1 56.0 68.2 44.1 71.5 3.9 Private Creditors - - 22.4 6.8 21.5 - - - Suppliers - - 22.4 6.8 - - - - Financial Markets - - - - 21.5 - - - DISBURSEMENTS 41.4 31.1 40.5 S7.5 63.1 127.4 119.2 116.7 Official Creditors 41.4 12.5 40.5 73.2 56.4 127.4 119.2 95.2 Multilateral 9.0 7.4 14.6 40.6 42.1 76.9 60.7 45.8 IBRD 2.1 - 0.7 6.7 26.1 29.9 24.6 18.8 IDA 6.9 7.4 12.8 23.1 11.7 4.3 4.7 11.9 Bilateral 32.4 5.0 25.9 32.6 14.3 50.6 58.4 49.3 Private Creditors - 18.6 - 24.3 6.8 - - 21.5 Suppliers - 18.6 - 24.3 6.8 - - - Financial Markets - - - - - - - 21.5 PRINCIPAL REPAYMENTS 7.4 14.1 34.3 18.3 41.4 39.5 43.5 51.1 Official Creditors 4.3- 11.1 26.2 16.3 29.3 34.2 23.3 27.4 Multilateral 1.9 2.1 2.2 2.5 3.0 3.4 3.8 6.6 IBRD 1.7 1.9 2.1 2.3 2.6 3.0 3.3 4.1 IDA 0.2 0.2 0.1 0.2 0.3 0.3 0.1 0.4 Bilateral 2.4 9.0 24.0 13.8 26.3 30.8 19.5 20.8 Private Creditors 3.1 3.0 8.1 2.0 12.1 5.2 20.2 23.7 Suppliers 3.1 3.0 8.1 2.0 12.1 5.2 20.2 2.2 Financial Markets - - - - - - - 21.5 NET FLOWS 34.0 17.0 6.2 79.2 21.8 88.0 75.6 65.6 Official Creditors 37.1 1.4 14.3 56.9 27.1 93.2 95.9 67.8 Multilateral 7.1 5.3 12.4 38.1 39.1 73.5 56.9 39.2 IBRD 0.4 -1.9 -1.4 4.4 23.5 26.8 21.3 14.6 IDA 6.7 7.2 12.7 22.9 11.3 4.0 4.6 11.5 Bilateral 30.1 -3.9 1.9 18.8 -12.0 19.7 39.0 28.5 Private Creditors -3.1 15.6 -8.1 22.3 -5.3 -5.2 -20.2 -2.2 Suppliers -3.t 15.6 -8.1 22.3 -5.3 -5.2 -20.2 -2.2 Financial Markets - - - - - - - - INTEREST PAYMENTS(INT) 7.0 13.0 18.8 15.5 23.9 26.3 24.5 27.3 Official Creditors 6.2 11.2 12.8 10.5 17.6 22.9 17.3 21.3 Multilateral 2.8 3.0 3.1 3.9 6.1 9.1 10.1 11.3 IBRD 2.7 2.8 2.8 2.8 4.8 7.2 8.1 7.9 IDA 0.1 0.2 0.3 0.4 0.6 0.8 0.5 1.0 Bilateral 3.4 8.1 9.6 6.7 11.5 13.8 7.2 10.0 Private Creditors 0.7 1.8 6.0 5.0 6.4 3.3 7.2 6.0 Suppliers 0.7 1.8 6.0 5.0 6.4 3.3 7.2 4.4 Financial Markets - - - - - - - 1.6 GHANA fuss M,!Iic>ns) 1972 1974 1976 1977 1978 1979 1980 1981 NET TRANSFERS 27.1 4.0 -12.6 63.6 -2.2 61.7 51.2 38.3 Official Creditors 30.9 -9.8 1.5 46.4 9.5 70.3 78.6 46.5 Multilateral 4.2 2.3 9.2 34.3 33.0 64.4 46.8 27.9 IBRD -2.3 -4.7 -4.3 1.6 18.7 19.6 13.2 6.7 IDA 6.6 7.0 12.4 22.5 10.8 3.1 4.1 10.5 Bilateral 26.7 -12.1 -7.7 12.1 -23.5 5.9 31.7 18.6 Private Creditors -3.8 13.8 -14.2 17.3 -11.7 -8.6 -27.4 -8.2 Suppliers -3.8 13.8 -14.2 17.3 -11.7 -8.6 -27.4 -6.5 Financial Markets - - - - - - - -1.6 TOTAL DEBT SERVICE(TDS) 14.3 27.0 53.1 33.8 65.3 65.7 68.0 78.3 Official Creditors 10.5 22.2 39.0 26.8 46.9 57.2 40.6 48.7 Multilateral 4.7 5.1 5.4 6.3 9.0 12.5 13.9 17.9 IBRD 4.4 4.7 5.0 5.1 7.5 10.2 11.3 12.1 IDA 0.3 0.4 0.4 0.6 0.9 1.2 0.6 1.4 Bilateral 5.8 17.1 33.6 20.5 37.8 44.7 26.7 30.8 Private Creditors 3.8 4.8 14.2 7.0 18.5 8.6 27.4 29.7 Suppliers 3.8 4.8 14.2 7.0 18.5 8.6 27.4 6.5 Financial Markets - - - - - - - 23.1 AVERAGE TERMS: PUBLIC DEBT NEW COMMITMENTS ALL CREDITORS Interest (%) - 1.9 2.2 4.5 4.3 2.1 1.5 2.4 Maturity years) 49.3 42.9 21.3 32.8 24.4 32.1 39.1 45.1 Grace Period (years) 9.8 10.1 6.5 7.2 6.9 7.6 8.4 7.8 Grant Element (%) 89.7 70.7 49.3 46.1 49.7 58.3 68.0 66.6 OFFICIAL CREDITORS Interest §%) - 1.9 2.7 4.2 1.7 2.1 1.5 2.4 Maturity tyears) 49.3 42.9 25.3 34.5 30.4 32.1 39.1 45.1 Grace Period (years) 9.8 10.1 7.6 7.5 8.3 7.6 8.4 7.8 Grant Element (%) 89.7 70.7 55.6 48.8 65.6 58.3 68.0 66.6 PRIVATE CREDITORS Interest (%) - - - 9.0 13.5 - - - Maturity (years) - - 3.6 3.8 2.7 - - - Grace Period (years) - - 1.6 1.0 1.7 - - - Grant Element (%) - - 21.6 1.3 -7.2 - - - MAJOR ECONOMIC AGGREGATES (U.S. $ MILLIONS)' Gross Nat. Product (GNP) 2.097 4.025 5,633 9,683 11,245 10,140 12.658 24,936 Exports of G. & S. (XGS) 443 746 894 1.020 997 1,188 1,282 861 Imports of G. & S. (MGS) 354 947 995 1,159 1,102 1,008 1,452 1,154 Intl. Reserves (RES) 112 117 119 188 329 404 346 271 PRINCIPAL RATIOS DOD/XGS %) 126.0 94.3 74.4 76.8 80.5 76.3 77.4 113.7 DOD/GNP %) 26.6 17.5 11.8 8.1 7.1 8.9 7.8 3.9 TDS/XGS %) 3.2 3.6 5.9 3.3 6.5 5.5 5.3 9.1 TDS/GNP % 0.7 0.7 0.9 0.3 0.6 0.6 0.5 0.3 INT/XGS % 1.6 1.7 2.1 1.5 2.4 2.2 1.9 3.2 INT/GNP % 0.3 0.3 0.3 0.2 0.2 0.3 0.2 0.1 RES/DOD %) 20.0 16.6 17.9 24.0 41.0 44.5 34.8 27.7 RES/MGS months) 3.8 1.5 1.4 2.0 3.6 4.8 2.9 2.8 MEMORANDA Proportion of Disbursed Debt Concessional Loans (%) 48.2 56.7 62.0 57.9 54.3 56.2 61.3 63.5 Var. Int. Rate Loans (% - - - - - - - - Use of IMF Credit(US$ mil 1.9 - 44.9 46.9 44.9 73.9 43.2 28.2 1982 1983 1984 1985 1986 1987 1988 1989 PROJECTED PUBLIC DEBT SERVICE TOTAL DEBT SERVICE 62.6 74.4 76.3 86.0 91.8 89.7 87.4 85.0 Principal 34.3 45.6 47.8 58.0 65.1 64.4 63.5 62.6 Interest 28.3 28.7 28.5 28.0 26.8 25.3 23.9 22.4 OFFICIAL CREDITORS 55.8 59.8 62.1 72.0 78.1 76.2 74.1 71.9 Principal 32.0 35.5 37.7 47.9 54.9 54.3 53.4 52.5 Interest 23.8 24.4 24.4 24.1 23.2 21.9 20.7 19.5 PRIVATE CREDITORS 6.8 14.4 14.2 14.0 13.7 13.5 13.3 13.0 Principal 2.3 10.1 10.1 10.1 10.1 10.1 10.1 10.1 Interest 4.5 4.3 4.1 3.8 3.6 3.4 3.1 2.9 56 GUINEA (US$ Mi i Zions) 1972 '974 1976 1977 1978 1979 1980 1981 TOTAL DEBT OUTSTANDING DISBURSED ONLY TOTAL DEB' .. .. Public / Publicly Guar. 489.4 723.3 801.3 829.4 924.1 991.3 1,023.2 1,255.4 Private Non-guaranteed .. .. . PIJBLIC / PUBLICLY GUARANTEED DEBT DEBT OUTS. INC. UNDISB. 590.0 878.9 1,033.1 1,062.4 1,250.0 1,370.4 1,540.6 1,620.9 Official Creditors 509.9 767.1 912.7 920.5 994.9 1,083.0 1,220.2 1,352.4 Multilateral 73.5 78.8 99.0 105.2 172.4 250.2 288.4 307.2 I3RO 73.5 70.6 66.1 63.7 61.1 58.3 55.4 52.2 IDA - - 21.0 21.0 29.0 66.0 83.0 107.1 Bilateral 436.4 688.3 813.6 815.3 822.5 832.9 931.9 1,045.3 Private Creditors 80.1 111.8 120.5 142.0 255.0 287.3 320.4 268.5 Suppliers 63.8 94.5 106.4 129.6 236.6 250.8 262.7 199.8 Financial Markets 16.3 17.3 14.1 12.3 18.4 36.5 57.7 68.7 DEBT OUTS. DIS8. (DOD) 489.4 723.3 801.3 829.4 924.1 991.3 1,023.2 1,255.4 Official Creditors 442.2 628.4 698.4 710.7 764.1 809.3 831.6 1,066.1 Multilateral 66.7 70.6 72.3 82.6 105.6 133.7 160.4 187.7 IBRD 66.7 70.6 66.1 63.7 61.1 58.3 55.4 52.2 IDA - - 1.2 7.5 14.9 22.1 31.9 45.3 Bilateral 375.5 557.9 626.1 628.0 658.5 675.7 671.2 878.4 Private Creditors 47.2 94.8 102.8 118.8 160.0 181.9 191.6 189.2 Suppliers 36.8 77.5 88.8 106.5 141.6 159.6 152.1 144.7 Financial Markets 10.4 17.3 14.1 12.3 18.4 22.4 39.5 44.6 COMMITMENTS 28.1 158.7 106.1 49.5 198.7 176.9 277.3 154.4 Official Creditors 17.1 152.3 88.3 27.0 93.6 129.1 194.5 128.3 Multilateral - 8.1 4.1 8.3 66.8 79.5 56.1 37.4 IBRD - - - - - - - - IDA - - - - 8.0 37.0 17.3 26.i Bilateral 17.1 144.2 84.2 18.7 26.7 49.7 138.4 90.9 Private Creditors 11.1 6.4 17.8 22.5 J05.2 47.8 82.8 26.1 Suppliers 6.8 6.4 15.4 22.5 99.9 31.2 55.7 - Financial Markets 4.3 - 2.4 - 5.2 16.6 27.1 26.1 DISBURSEMENTS 79.1 110.5 67.1 50.3 111.9 126.1 120.4 140.7 Official Creditors 72.3 93.6 49.8 31.7 73.6 86.5 68.3 109.0 Multilateral 22.1 - 3.0 12.6 24.6 30.4 42.0 37.7 IBRD 22.1 - - - - - - - IDA - - 1.2 6.3 7.4 7.2 9.8 13.5 Bilateral 50.2 93.6 46.8 19.1 49.0 56.1 26.4 71.3 Private Creditors 6.8 16.9 17.3 18.6 38.3 39.6 52.1 31.8 Suppliers 6.8 16.9 14.9 18.6 33.1 36.4 31.0 16.1 Financial Markets - - 2.4 - 5.2 3.2 21.1 15.7 PRINCIPAL REPAYMENTS 12.2 13.0 27.8 50.6 49.3 65.7 72.9 60.9 Official Creditors 6.4 8.5 21.9 45.3 42.4 56.8 60.1 52.3 Multilateral - 2.0 2.3 2.6 2.8 2.8 13.8 5.5 IBRD - 2.0 2.3 2.4 2.6 2.8 3.0 3.2 IDA - - - - - - - - Bilateral 6.4 6.5 19.6 42.7 39.6 54.0 46.3 46.7 Private Creditors 5.8 4.5 5.9 5.2 7.0 8.9 12.8 8.6 Suppliers 4.6 4.5 5.3 5.2 7.0 8.9 12.3 6.2 Financial Markets 1.2 - 0.6 - - - 0.6 2.4 NET FLOWS 66.9 97.5 39.3 -0.2 62.6 60.4 47.5 79.8 Official Creditors 65.9 85.1 28.0 -13.6 31.2 29.7 8.2 56.7 Multilateral 22.1 -2.0 0.8 9.9 21.8 27.7 28.2 32.2 IBRD 22.1 -2.0 -2.3 -2.4 -2.6 -2.8 -3.0 -3.2 IDA - - 1.2 6.3 7.4 7.2 9.8 13.5 Bilateral 43.8 87.1 27.2 -23.6 9.4 2.0 -19.9 24.5 Private Creditors 1.0 12.4 11.4 13.4 31.3 30.7 39.2 23.1 Suppliers 2.3 12.4 9.6 13.4 26.1 27.4 18.7 9.9 Financial Markets -1.2 - 1.8 - 5.2 3.2 20.5 13.3 INTEREST PAYMENTS(INT) 7.1 9.4 11.6 17.2 16.3 24.3 23.2 21.8 Official Creditors 5.0 8.8 10.4 16.1 15.2 20.1 20.8 18.5 Multilateral 3.5 5.7 5.6 6.0 7.1 6.7 8.2 5.8 IBRO 3.5 5.7 5.5 5.6 6.4 6.4 6.0 5.3 IDA - - 0.0 0.0 0.1 0.1 0.2 0.1 Bilateral 1.5 3.1 4.8 10.1 8.1 13.4 12.6 12.7 Private Creditors 2.1 0.6 1.2 1.1 1.1 4.2 2.4 3.3 Suppliers 0.7 0.6 0.9 1.1 1.1 4.2 2.0 1.8 Financial Markets 1.4 - 0.4 - - - 0.4 1.5 GUINEA (USg foil l ions) 1972 1974 1976 1977 1978 1S79 1980 1981 NET TRANSFERS 59.8 88.1 27.7 -17.4 46.2 36.1 24.3 58.1 Official Creditors 60.9 76.3 17.6 -29.7 16.0 9.6 -12.6 38.2 Multilateral 18.6 -7.7 -4.8 4.0 14.7 20.9 19.9 26.A IBRD 18.6 -7.7 -7.8 -8.0 -9.0 -9.2 -9.0 -8.4 IDA - - 1.2 6.3 7.4 7.1 9.6 13.4 Bilateral 42.3 84.0 22.4 -33.7 1.3 -11.3 -32.5 11.9 Private Creditors -1.1 11.8 10.2 12.3 30.3 26.5 36.9 19.9 Suppliers 1.6 11.8 8.7 12.3 25.0 23.3 16.7 8.1 Financial Markets -2.7 - 1.4 - 5.2 3.2 20.1 11.7 TOTAL DEBT SERVICE(TDS) 19.3 22.4 39.4 67.8 65.7 90.0 96.1 82.6 Official Creditors 11.4 17.3 32.3 61.4 57.6 76.9 80.9 70.7 Multilateral 3.5 7.7 7.9 8.6 9.9 9.5 22.0 11.3 IBRD 3.5 7.7 7.8 8.0 9.0 9.2 9.0 8.4 IDA - - 0.0 0.0 0.1 0.1 0.2 0.1 Bilateral 7.9 9.7 24.4 52.8 47.7 67.4 58.9 59.4 Private Creditors 7.9 5.1 7.1 6.3 8.1 13.1 15.2 11.9 Suppliers 5.2 5.1 6.1 6.3 8.1 13.1 14.q 8.0 Financial Markets 2.7 - 1.0 - - - 0.9 3.9 AVERAGE TERMS: PUBLIC DEBT NEW COMMITMENTS ALL CREDITORS Interest (%) 3.1 3.4 3.5 4.7 5.4 3.3 4.9 3.7 Maturity (years) 9.5 11.2 14.7 10.9 18.6 21.6 18.8 21.7 Grace Period (years) 2.9 2.4 4.6 2.7 4.3 5.0 5.5 4.5 Grant Element (%) 29.5 28.9 38.0 22.5 29.3 41.0 34.7 43.2 OFFICIAL CREDITORS Interest (%) 1.6 3.4 2.6 3.7 2.6 1.6 3.3 2.3 Maturity (yearsl 10.9 11.2 16.2 15.3 28.4 26.5 22.7 25.0 Grace Period (vears) 3.7 2.4 5.1 4.2 6.5 6.2 6.6 5.1 Grant Element 1%) 42.2 29.1 44.4 34.0 52.9 53.2 47.2 51.8 PRIVATE CREDITORS Interest (%) 5.4 3.2 8.0 6.0 7.9 7.7 8.6 11.0 Maturity kyears) 7.2 10.0 7.6 5.6 9.8 8.3 9.6 5.2 Grace Period (years) 1.5 1.8 2.2 0.9 2.4 1.8 2.7 1.5 Grant Element (%) 10.0 23.5 6.2 8.7 8.4 8.1 5.5 0.9 MAJOR ECONOMIC AGGREGATES (U.S. $ MILLIONS) Gross Nat. Product (GNP} 739 994 1,188 1.187 1,374 1,445 1,566 1,561 Exports of G. & S. XGS .. .. .. .. .. .. Imports of G. & S. MGS .. .. .. .. .. .. Intl. Reserves (RES .. .. .. .. .. PRINCIPAL RATIOS DOD/XGS %) .. . 6. . . .. .6. .. .. DOD/GNP %) 66.2 72.8 67.4 69.9 67.2 68.6 65.3 80.4 TDS/XGS % .. .. .. .. .... TDS/GNP % 2.6 2.3 3.3 5.7 4.8 6.2 6.1 5.3 INT/XGS %) .. .. .. .. .. ... INT/GNP % 1.0 0.9 1.0 1.4 1.2 1.7 1.5 1.4 RES/DOD % .. .. .. .. .. .. . RES/MGS months) .. .. .. .. .. .. MEMORANDA Proportion of Disbursed Debt Concessional Loans (%) 74.1 70.0 70.9 69.2 66.8 62.7 63.4 71.6 Var. Int. Rate Loans (%) - - - - - - 0.3 0.6 Use of IMF Credit(US$ mifl - - - - - - - - 1982 1983 1984 1985 1986 1987 1988 1989 PROJECTED PUBLIC DEBT SERVICE TOTAL DEBT SERVICE 131.0 133.2 126.1 138.9 157.3 141.2 129.8 109.7 Principal 102.1 102.9 97.2 113.4 134.6 121.7 113.4 96.9 Interest 28.9 30.3 28.9 25.5 22.7 19.6 16.3 12.8 OFFICIAL CREDITORS 80.3 84.3 88.0 106.0 132.3 120.5 116.6 100.4 Principal 62.1 63.9 67.2 87.2 114.9 105.0 103.2 89.7 Interest 18.2 20.4 20.8 18.8 17.3 15.5 13.4 10.7 PRIVATE CREDITORS 50.8 48.9 38.1 33.0 25.0 20.7 13.2 9.4 Principal 40.1 39.0 30.0 26.2 19.7 16.7 10.3 7.2 Interest 10.7 9.9 8.1 6.8 5.3 4.0 2.9 2.2 58 IVORY COAST (US$ Millions) 1972 1974 1976 1977 1978 1979 1980 1981 TOTAL DEBT OUTSTANDING DISBURSED ONLY TOTAL DEBT .. Public / Publicly Guar. 399.2 690.6 1,163.8 1,907.5 2,795.2 3,645.0 4,264.9 4,496.8 Private Non-guaranteed .. .. . .. .. .. . PUBLiC / PUBLICLY GUARANTEED DEBT DEBT OUTS. INC. UNDISB. 706.8 1,172.6 2,122.7 3,632.0 4,306.0 4,952.9 5,469.0 5,790.7 Official CreditorE 385.7 548.1 788.8 1,143.0 1,326.8 1,654.3 1,729.9 2,078.5 MLiltilateral 133.7 253.7 443.1 587.9 698.0 S19.3 935.5 1,196.4 IBRD 86.2 121.7 297.7 375.8 433.3 496.4 530.2 832.8 IDA - 7.5 7.5 7.5 7.5 7.5 7.5 7.5 Bilateral 252.0 294.4 345.8 555.1 628.8 835.0 794.3 880.1 Private Creditors 321.1 624.5 1,333.9 2,489.0 2,979.2 3,298.6 3,739.2 3,712.1 Suppliers 154.0 262.1 487.0 753.1 742.9 669.0 578.4 487.8 Financial Markets 167.1 362.4 846.9 1,735.9 2,236.3 2,629.6 3,160.7 3,224.4 DEBT OUTS. DISB. (DOD) 399.2 690.6 1,163.8 1,907.5 2,795.2 3,645.0 4,264.9 4,496.S Official Creditors 209.7 314.7 441.8 604.0 802.5 1,052.3 1,180.1 1,156.7 Multilateral 38.1 104.2 167.0 236.4 364.8 436.2 578.6 592.2 IBRD 17.7 49.0 85.4 120.3 175.1 227.9 306.2 340.6 IDA - 0.2 3.0 6.7 7.5 7.5 7.5 7.5 Bilateral 171.6 210.5 274.8 367.6 437.7 616.0 601.5 564.6 Private Creditors 189.6 375.9 722.1 1,303.4 1,992.8 2,592.7 3,084.8 3,340.1 Suppliers 92.0 169.2 323.9 355.2 382.4 415.4 461.6 447.1 Financial Markets 97.5 206.7 398.2 948.3 1,610.4 2,177.4 2,623.2 2,892.9 COMMITMENTS 202.4 300.0 791.8 1,560.8 672.2 1,026.4 1,434.6 1,397.0 Official Creditors 90.0 112.3 127.4 352.0 136.4 345.8 227.1 585.7 Multilateral 34.4 65.5 72.6 148.5 96.9 125.2 160.8 339.8 IBRD 17.5 27.6 47.5 88.0 60.6 68.8 42.4 317.0 IDA - - - - - - - - Bilateral 55.7 46.8 54.8 203.4 39.5 220.6 66.2 245.9 Private Creditors 112.4 187.7 664.4 1,208.9 535.8 680.7 1,207.5 811.3 Suppliers 50.0 57.1 180.4 341.4 89.9 116.7 107.6 41.5 Financial Markets 62.3 130.6 484.0 867.5 445.9 563.9 1,099.9 769.7 DISBURSEMENTS 82.4 168.9 377.1 853.7 948.9 1,139.3 1,426.0 1,167.7 Official Creditors 37.3 62.1 96.1 164.0 174.7 275.6 258.2 165.9 Multilateral 13.7 44.6 29.0 70.3 122.9 79.2 175.6 70.6 IBRO 7.3 20.4 14.5 37.1 57.9 58.0 85.7 48.4 IDA - 0.2 1.6 3.8 0.8 - - - Bilateral 23.6 17.5 67.2 93.7 51.8 196.4 82.5 95.3 Private Creditors 45.2 106.8 280.9 689.7 774.3 863.6 1,167.9 1,001.9 Suppliers 28.0 61.1 143.3 124.5 105.9 167.4 193.6 99.1 Financial Markets 17.1 45.7 137.6 565.1 668.3 696.2 974.2 902.7 PRINCIPAL REPAYMENTS 38.6 76.5 109.3 176.8 219.0 368.7 534.2 488.8 Official Creditors 10.3 13.5 22.1 24.2 27.9 45.7 57.7 70.1 Multilateral 0.5 1.4 6.1 7.9 8.7 14.0 17.2 28.9 IBRD 0.2 0.2 1.6 2.3 3.1 5.2 7.4 13.9 IDA - - - - - - - - Bilateral 9.8 12.1 16.0 16.3 19.2 31.7 40.5 41.3 Private Creditors 28.3 63.0 87.2 152.6 191.1 323.0 476.5 418.7 Suppliers 17.9 23.7 40.7 106.7 98.4 142.9 119.4 85.6 Financial Markets 10.4 39.3 46.5 45.9 92.7 180.1 357.1 333.1 NET FLOWS 43.9 92.4 267.8 676.9 730.0 770.6 891.8 678.9 Official Creditors 27.0 48.6 74.0 139.8 146.8 229.9 200.5 95.7 Multilateral 13.2 43.2 22.9 62.4 114.2 65.2 158.4 41.7 IBRD 7.1 20.1 12.9 34.9 54.7 52.8 78.3 34.5 IDA - 0.2 1.6 3.8 0.8 - - - Bilateral 13.8 5.4 51.2 77.4 32.6 164.7 42.1 54.0 Private Creditors 16.9 43.8 193.7 537.1 583.2 540.7 691.3 583.2 suppliers 10.2 37.3 102.6 17.8 7.5 24.5 74.2 13.6 Financial Markets 6.7 6.5 91.1 519.3 575.6 516.1 617.2 569.6 INTEREST PAYMENTS(INT) 19.3 38.4 65.2 100.4 171.9 227.9 296.0 412.7 Official Creditors 7.7 12.7 23.4 25.4 42.9 50.8 63.8 65.8 Multilateral 1.8 4.5 10.4 11.9 19.9 25.6 31.5 35.5 IBRD 1.3 2.9 6.9 8.1 13.8 19.2 21.9 25.9 IDA - - 0.0 - 0.1 0.1 0.1 0.1 Bilateral 5.9 8.2 13.0 13.5 23.0 25.2 32.2 30.3 Private Creditors 11.6 25.7 41.8 75.0 129.1 177.1 232.2 346.9 Suppliers 5.5 6.3 10.3 16.8 22.0 25.6 31.3 39.8 Financial Markets 6.2 19.4 31.6 58.2 107.0 151.6 200.9 307.1 59 IVORY COAST (US$ Millions) 1972 1974 1976 1977 1978 1979 1980 1981 NET TRANSFERS 24.6 54.0 202.6 576.5 558.0 542.7 595.8 266.2 Offic.al Creditors 19.3 35.9 50.7 114.4 103.9 179.1 136.7 29.9 Multilateral 11.4 38.7 12.5 50.5 94.4 39.6 126.9 6.2 IBRD 5.8 17.3 6.0 26.8 41.0 33.6 56.4 8.5 IDA - 0.2 1.6 3.8 0.7 -0.1 -0.1 -0.1 Bilateral 7.9 -2.8 38.2 63.9 9.6 139.5 9.8 23.7 Private Creditors 5.3 18.1 151.9 462.1 454.1 363.5 459.1 236.3 Suppliers 4.7 31.0 92.3 1.0 -14.5 -1.0 42.9 -26.2 Financial Markets 0.6 -12.9 59.6 461.1 468.6 364.6 416.2 262.5 TOTAL DEBT SERVICE(TDS) 57.9 114.9 174.5 277.2 390.9 596.6 830.2 901.5 Official Creditors 18.0 26.2 45.5 49.6 70.7 96.5 121.5 135.9 Multilateral 2.3 5.9 16.5 19.8 28.5 39.6 48.8 64.4 IBRD 1.5 3.1 8.5 10.3 16.9 24.4 29.3 39.8 'DA - - 0.0 - 0.1 0.1 0.1 0.1 Bilateral 15.7 20.3 29.0 29.8 42.2 56.9 72.7 71.6 Private Creditors 39.9 88.7 129.0 227.6 320.2 500.1 708.7 765.6 Suppliers 23.3 30.1 51.0 123.5 120.5 168.4 150.7 125.3 Financial Markets 16.5 58.7 78.1 104.1 199.7 331.7 558.0 640.3 AVERAGE TERMS: PUBLIC DEBT NEW COMMITMENTS ALL CREDITORS Interest (%) 5.9 8.0 7.5 7.5 8.3 9.7 12.7 13.4 Maturity (years) 12.9 13.8 10.2 11.3 9.9 12.6 10.6 14.2 Grace Period (years) 4.7 4.7 3.2 3.3 3.5 3.2 3.5 3.5 Grant Element I%) 21.5 12.3 9.4 11.4 7.5 3.2 -12.4 -14.3 OFFICIAL CREDITORS Interest (%) 5.4 5.0 6.8 6.6 5.7 6.9 4.6 8.9 Maturity (years) 17.0 20.4 16.3 18.8 14.9 17.7 15.5 20.7 Grace Period (years) 6.3 6.5 5.3 5.5 5.3 4.9 4.8 4.5 Grant Element (%) 28.7 34.2 19.2 22.2 24.4 20.1 30.5 8.6 PRIVATE CREDITORS Interest (%) 6.4 9.8 7.7 7.8 9.0 11-1 14.2 16.8 Maturity (years) 9.5 9.9 9.0 9.1 8.7 10.0 9.7 9.4 Grace Period (years) 3.4 3.5 2.8 2.6 3.0 2.4 3.2 2.8 Grant Element (%) 15.6 -0.7 7.6 8.2 3.2 -5.3 -20.4 -30.8 MAJOR ECONOMIC AGGREGATES (U.S. $ MILLIONS) Gross Nat. Product (GNP) 1,719 2,873 4,489 6,060 7,584 8,991 10,019 8,274 Exports of G. & S. (XGS) 697 1.446 1,979 2,758 3,062 3,292 . Imports of G. & S. (MGS) 855 1,553 2.259 2,981 3,943 4,690 Intl. Reserves (RES) 87 66 76 188 456 170 46 35 PRINCIPAL RATIOS e DOD/XGS % 57.3 47.8 58.8 69.2 91.3 110.7 . DOD/'GNP % 23.2 24.0 25.9 31.5 36.9 40.5 42.6 54.4 TDS/XGS % 8.3 7.9 8.8 10.1 12.8 18.1 TDS/GNP % 3.4 4.0 3.9 4.6 5.2 6.6 8.3 10.9 INT/XGS % 2.8 2.7 3.3 3.6 5.6 6.9 . INT/GNP % 1.1 1.3 1.5 1.7 2.3 2.5 3.0 5.0 RES/DOD %) 21.8, 9.5 6.6 9.9 16.3 4.7 1.1 0.8 RES/MGS months) 1.2 0.5 0.4 0.8 1.4 0.4 . MEMORANDA Proportion of Disbursed Debt Concessional Loans (%) 42.3 30.5 21.4 15.3 13.2 11.0 10.0 8.8 Var. Int. Rate Loans (% 14.0 20.7 25.0 29.9 30.4 30.8 36.1 42.6 Use of IMF Credit(US$ mil - 13.7 27.1 16.3 - - - 371.5 1982 1983 1984 1985 1986 1987 1988 1989 PROJECTED PUBLIC DEBT SERVICE TOTAL DEBT SERVICE 973.2 1,025.5 1,149.2 1,052.6 909.0 801.0 698.7 573.3 Principal 504.3 538.8 696.7 668.0 590.2 544.0 500.4 429.7 Interest 468.9 486.8 452.5 384.6 318.9 257.0 198.3 143.6 OFFICIAL CREDITORS 166.0 197.0 221.9 241.3 265.1 268.6 252.3 230.8 Principal 90.0 102.5 116.1 133.4 159.2 171.4 166.0 155.4 Interest 76.0 94.5 105.8 107.9 105.9 97.2 86.3 75.4 PRIVATE CREDITORS 807.2 828.5 927.3 811.3 643.9 532.4 446.4 342.5 Principal 414.3 436.2 580.6 534.6 430.9 372.6 334.4 274.3 Interest 392.9 392.3 346.8 276.7 213.0 159.8 112.0 68.2 60 KENYA (US$ M; I1ions) 1972 1974 1976 1977 1978 1979 1980 1981 TOTAL DEBT OUTSTANDING D!SBURSED ONLY TOTAL DEBT .. . .. .. Public / Publicly Guar. 366.2 508.6 693.2 999.3 1,242.1 1,629.7 2,079.0 2,228.2 Private Non-guaranteed .. .. .. .. .. .. PlUBLIC / PUBL!CLY GUARANTEED DEBT DEBT OUTS. INC. UNDISB. 548.1 815.0 1,396.5 1,862.7 2,361.3 3,034.7 3,437.8 3,404.1 Official Creditors 442.5 717.0 1,022.7 1,295.8 1,660.2 1,974.3 2,420.2 2,446.4 Multilateral 186.6 270.6 547.3 734.7 998.1 1,188.5 1,415.0 1,505.0 IBRD 88.6 132.6 353.3 434.8 583.0 684.6 743.8 798.5 lDA 91.8 128.2 167.4 203.2 263.8 290.3 411.8 453.2 Bilateral 255.9 445.4 475.4 561.1 662.1 785.8 1,005.2 941.5 Private Creditors 105.6 98.1 373.8 566.9 701.1 1.060.4 1,017.6 957.7 Suppliers 14.6 8.3 142.1 162.6 165.9 216.6 190.5 136.5 Financial Markets 91.1 89.8 231.7 404.3 535.2 843.8 827.1 821.2 DEBT OUTS. DISB. (DOD) 366.2 508.6 693.2 999.3 1,242.1 1,629.7 2,079.0 2,228.2 Official Creditors 271.9 413.4 594.8 720.3 801.8 986.3 1,194.7 1,340.5 Multilateral 78.4 140.5 272.7 344.0 441.3 535.2 688.5 771.6 IBRD 32.6 62.2 169.5 201.8 240.3 273.7 308.3 351.4 IDA 43.8 74.6 94.6 112.0 127.9 148.9 220.0 234.1 Bilateral 193.5 273.0 322.1 376.3 360.5 451.1 506.2 568.9 Private Creditors 94.2 95.2 98.4 279.0 440.3 643.4 884.3 887.7 Suppliers 12.3 8.3 13.3 84.8 129.0 128.8 155.4 135.3 Financial Markets 82.0 86.9 85.0 194.3 311.4 514.6 728.9 752.4 COMMITMENTS 117.3 175.0 275.7 450.7 594.7 716.9 541.9 375.0 Official Creditors 90.1 175.0 91.2 278.2 435.1 330.7 511.9 20t.1 Multilateral 57.0 47.5 55.7 185.7 261.3 194.0 252.8 148.1 IBRD 29.0 10.4 31.0 84.0 156.0 110.0 70.0 83.0 IDA 28.0 33.5 14.0 36.0 61.0 27.0 122.0 46.7 Bilateral 33.1 127.5 35.5 92.5 173.9 136.7 259.1 53.0 Private Creditors 27.2 - 184.4 172.5 159.6 386.2 30.0 173.9 Suppliers 2.3 - 91.5 19.4 - 79.4 4.0 4.3 Financial Markets 24.9 - 92.9 153.1 159.6 306.8 26.0 169.6 DISBURSEMENTS 69.5 71.1 188.7 324.9 366.6 442.6 560.6 476.2 Official Creditors 53.3 69.1 153.5 143.9 172.2 201.1 254.9 251.0 Multilateral 27.9 24.8 86.0 73.3 98.2 98.6 172.7 115.3 IBRD 20.8 12.7 66.7 34.8 42.8 39.8 45.2 61.5 IDA 5.9 11.2 13.6 17.7 16.3 21.5 71.6 14.8 Bilateral 25.4 44.3 67.5 70.6 74.0 102.6 82.2 135.7 Private Creditors 16.2 2.1 35.2 181.1 194.4 241.4 305.7 225.2 Suppliers - - 10.8 75.1 44.3 31.6 54.0 37.3 Financial Markets 16.2 2.1 24.4 106.0 150.1 209.9 251.7 187.8 PRINCIPAL REPAYMENTS 11.0 14.9 24.4 29.6 75.5 78.1 103.8 176.9 Official Creditors 6.3 9.1 13.3 14.S 16.5 22.1 27.8 31.4 Multilateral 0.2 0.5 3.7 3.1 5.0 7.5 12.5 15.1 IBRO 0.2 0.2 3.2 2.5 4.2 6.4 10.6 11.7 IDA - 0.0 0.2 0.3 0.4 0.5 0.5 0.7 Bilateral 6.1 8.6 9.6 11.8 11.5 14.6 15.2 16.2 Private Creditors 4.7 5.8 11.1 14.8 59.0 56.0 76.1 145.5 Suppliers 3.7 4.3 2.1 7.9 10.5 31.0 20.2 36.4 Financial Markets 1.0 1.5 9.0 6.9 48.5 25.0 55.8 109.2 NET FLOWS 58.5 56.2 164.3 295.3 291.1 364.5 456.8 299.3 Official Creditors 47.0 60.0 140.2 129.0 155.7 179.0 227.2 219.6 Multilateral 27.7 24.3 82.3 70.2 93.2 91.1 160.2 100.1 iBRD 20.6 12.5 63.6 32.2 38.6 33.4 34.6 49.8 IDA 5.9 11.1 13.4 17.4 15.9 21.0 71.1 14.1 Bilateral 19.3 35.7 57.9 58.8 62.5 88.0 66.9 119.5 Private Creditors 11.5 -3.8 24.1 166.3 135.4 185.4 229.6 79.7 Suppliers -3.7 -4.3 8.7 67.2 33.8 0.5 33.7 1.0 Financial Markets 15.2 0.5 15.4 99.1 101.6 184.9 195.9 78.7 INTEREST PAYMENTS(INT) 13.8 19.0 23.8 33.1 50.1 70.9 106.1 115.7 Official Creditors 9.0 13.5 20.4 26.3 35.3 44.3 51.4 51.1 Multilateral 1.6 4.6 12.1 16.5 23.3 30.0 35.5 34.8 IBRD 1.2 4.1 11.5 15.6 21.4 27.4 31.3 30.2 IDA 0.3 0.5 0.6 0.7 0.9 1.0 1.2 1.6 Bilateral 7.4 8.9 8.3 9.9 12.0 14.3 15.9 16.3 Private Creditors 4.8 5.5 3.4 6.8 14.8 26.6 54.7 64.6 Suppliers 1.0 0.7 0.2 0.5 7.1 10.1 11.3 13.4 Financial Markets 3.8 4.9 3.2 6.3 7.7 16.5 43.4 51.2 61 KENYA (uSS Mi llions) 1972 1974 1976 1977 1978 1979 1980 1981 NET TRANSFERS 44.7 37.2 140.5 262.1 241.0 293.5 350.7 183.6 Official Creditors 38.0 46.5 119.8 102.6 120.4 134.7 175.8 168.5 Multilateral 26.1 19.7 70.2 53.7 69.9 61.0 124.7 65.4 IBRD 19.4 8.4 52.1 16.7 17.2 6.0 3.2 19.6 IDA 5.5 10.7 12.8 16.7 15.1 20.0 69.9 12.5 Bilateral 11.8 26.7 49.6 48.9 50.5 73.7 51.1 103.1 Priv,te Creditors 6.7 -9.3 20.7 159.5 120.6 158.8 174.9 15.1 Suppliers -4.7 -5.0 8.5 66.6 26.7 -9.6 22.4 -12.4 Financial Markets 11.4 -4.3 12.2 92.9 93.9 168.4 152.5 27.5 TOTAL DEBT SERVICE(TDS) 24.8 34.0 48.2 62.8 125.6 149.0 209.9 292.6 Official Creditors 15.3 22.6 33.7 41.2 51.8 56.4 79.2 82.5 Multilateral 1.8 5.0 15.8 19.6 28.3 37.E 48.0 49.9 IBRD 1.4 4.3 14.7 18.1 25.7 33.8 42 0 41.9 IDA 0.3 0.5 0.8 1.0 1.3 1.5 1.7 2.3 Bilateral 13.6 17.6 17 9 21.7 23.6 28.8 31.1 32.6 Private Creditors 9.5 11.4 14.5 21.6 73.8 82.6 130.8 210.1 Suppliers 4.7 5.0 2.4 8.4 17.6 41.2 31.5 49.8 Financial Markets 4.8 6.4 12.2 13.1 56.2 41.5 99.2 160.3 AVERAGE TERMS: PUBLIC DEBT NEW COMMITMENTS ALL CREDITORS Interest (%) 4.7 2.3 7.1 5.7 5.2 7.4 3.4 9.5 Maturity (years) 27.4 36.2 16.2 21.3 23.8 21.2 30.6 22.1 Grace Period (years) 6.5 8.8 3.6 5.2 6.3 4.4 7.9 5.4 Grant Element (%) 40.5 64.9 17.9 30.3 35.8 21.6 53.3 12.7 OFFICIAL CREDITORS Interest (%) 4.1 2.3 4.6 4.4 4.2 3.6 3.0 5.3 Maturity (years) 32.9 35.2 26.4 27.7 28.1 32.3 31.6 32.2 Grace Period (years) 7.6 8.8 6.2 7.1 7.1 7.8 8.2 7.8 Grant Element (%) 48.7 64.9 41.1 43.1 45.1 51.7 56 2 40.1 PRIVATE CREDITORS Interest (%) 6.7 - 8.3 7.7 7.8 10.6 9.1 14.4 Maturity (years) 8.9 - 11.2 11.1 12.0 11.7 14.7 10.3 Grace Period (years) 3.2 - 2.4 2.1 4.0 1.4 2.3 2.7 Grant Element (%) 13.5 - 6.4 9.5 10.3 -4.3 3.1 -19.0 MAJOR ECONOMIC AGGREGATES (U.S. $ MILLIONS) Gross Nat. Product (GNP) 1,959 2,729 3,310 4,304 5,091 5,920 6,808 6,214 Exports of G. & S. (XGS 581 971 1.130 1,570 1,552 1,655 2.026 1,714 Imports of G. & S. (MGS 687 1,311 1,269 1,600 2,318 2,221 3,147 2,547 Intl. Reserves (RES) 202 193 276 526 369 669 539 263 PRINCIPAL RATIOS DOD/XGS % 63.1 52.4 61.3 63.6 80.0 98.5 102.6 130.0 DOD/GNP % 18.7 18.6 20.9 23.2 24.4 27.5 30.5 35.9 TDS/XGS % 4.3 3.5 4.3 4.0 8.1 9.0 10.4 17.1 TDS/GNP % 1.3 1.2 1.5 1.5 2.5 2.5 3.1 4.7 INT/XGS %i 2.4 2.0 2.1 2.1 3.2 4.3 5.2 6.8 INT/GNP %S 0.7 0.7 0.7 0.8 1.0 1.2 1.6 1.9 RES/DOD (%) 55.2 38.0 39.7 52.6 29.7 41.0 25.9 11.8 RES/MGS (months) 3.5 1.8 2.6 3.9 1.9 3.6 2.1 1.2 MEMORANDA Proportion of Disbursed Debt Concessional Loans (%) 51.8 55.5 50.2 40.1 35.2 35.4 35.1 37.5 Var. Int. Rate Loans (%) 4.2 3.6 2.4 5.5 4.8 9.2 12.0 13.5 Use of IMF Credit(US$ milf) - 39.2 98.8 57.9 68.1 142.7 194.3 204.1 1982 1983 1984 1985 1986 1987 1988 1989 PROJECTED PUBLIC DEBT SERVICE TOTAL DEBT SERVICE 324.8 318.9 328.4 352.2 336.0 308.3 284.8 260.1 Principal 173.0 168.8 182.7 214.5 210.6 194.9 187.7 176.9 Interest 151.8 150.1 145.7 137.7 125.4 111.4 97.1 83.2 OFFICIAL CREDITORS 103.9 113.5 134.2 160.1 171.9 172.9 173.0 172.9 Principal 44.5 47.6 62.0 83.4 94.8 97.9 101.7 105.9 Interest 59.4 65.9 72.2 76.6 77.1 75.0 71.3 67.0 PRIVATE CREDITORS 220.8 205.4 194.2 192.2 164.0 133.3 111.8 87.3 Principal 128.5 121.2 120.7 131.1 115.8 97.0 86.0 71.0 Interest 92.4 84.2 73.5 61.1 48.2 36.4 25.7 16.2 62 LESOTHO (US$ Millions) 1972 1974 1976 1977 1978 1979 1980 1981 TOTAL DEBT OUTSTANDING DISBURSED ONLY TOTAL DEBT .. .. .. .. .. Public / Publicly Guar. 9.5 10.2 16.1 24.1 32.7 52.7 70.8 106.9 Private Non-guaranteed .. .. .. . . . PUBLIC / PUBLICLY GUARANTEED DEBT DEBT OUTS. INC. UNDISB. 9.5 18.3 39.7 70.9 95.8 140.1 193.7 188.1 Official Creditors 8.5 17.4 39.1 68.5 82.9 131.7 164.4 166.6 Multilateral 4.9 15.1 33.1 61.3 70.6 112.4 152.6 156.4 IBPD - - - - - - - - IDA 4.9 14.5 20.0 29.9 35.9 50.8 60.8 70.2 Bilateral 3.5 2.3 5.9 7.2 12.4 19.3 11.8 10.2 Private Creditors 1.0 0.9 0.6 2.4 12.9 8.4 29.4 21.5 Suppliers - - - - - - - - Financial Markets 1.0 0.9 0.6 2.4 12.9 8.4 29.4 21.5 DEBT OUTS. DIS8. (DOD) 9.5 10.2 16.1 24.1 32.7 52.7 70.8 106.9 Official Creditors 8.5 9.2 15.5 23.5 32.1 44.3 52.2 85.9 Multilateral 4.9 7.0 13.9 20.8 28.7 38.5 46.1 80.0 IBRD - - - - - - - - IDA 4.9 6.4 10.0 15.0 17.7 20.3 24.1 31.3 Bilateral 3.5 2.3 1.6 2.7 3.5 5.8 6.1 5.9 Private Creditors 1.0 0.9 0.6 0.6 0.6 8.4 18.6 21.1 Suppliers - - - - - - - - Financial Markets 1.0 0.9 0.6 0.6 0.6 8.4 18.6 21.1 COMMITMENTS - 4.0 8.4 29.9 22.3 52.6 70.8 9.7 Official Creditors - 4.0 8.4 28.3 12.7 47.9 47.5 9.7 Multilateral - 4.0 8.4 27.2 7.9 41.3 42.4 9.7 IBRD - - - - - - - - IDA - 4.0 5.5 10.0 6.0 15.0 10.0 9.7 Bilateral - - - 1.1 4.8 6.6 5.1 - Private Creditors - - - 1.7 9.6 4.8 23.3 - Suppliers - - - - - - - - Financial Markets - - - 1.7 9.6 4.8 23.3 - DISBURSEMENTS 0.5 2.0 2.6 8.0 9.0 21.3 22.3 46.6 Official Creditors - 2.0 2.6 8.0 9.0 12.2 9.8 36.2 Multilateral - 2.0 2.4 7.0 7.7 9.8 8.3 35.1 IBRD - - - - - - - - IDA - 1.4 2.0 5.1 2.7 2.6 3.8 7.3 Bilateral - - 0.1 1.0 1.2 2.4 1.5 1.0 Private Creditors 0.5 - - - - 9.0 12.5 10.4 Suppliers - - - - - Financial Markets 0.5 - - - - 9.0 12.5 10.4 PRINCIPAL REPAYMENTS 0.1 0.1 0.3 0.2 0.7 1.8 3.4 7.2 Official Creditors 0.0 0.0 0.2 0.1 0.7 0.4 0.4 0.5 Multilateral - - 0.1 0.1 0.2 0.2 0.2 0.2 IBRD - - - - - - IDA - - 0.0 0.1 0.0 0.0 0.0 0.0 Bilateral 0.0 0.0 0.2 0.1 0.5 0.2 0.2 0.3 Private Creditors 0.1 0.1 0.1 0.1 0.0 1.4 3.0 6.7 Suppliers - - - - - - - - Financial Markets 0.1 0.1 0.1 0.1 0.0 1.4 3.0 6.7 NET FLOWS 0.3 1.9 2.3 7.8 8.2 19.4 18.9 39.4 Official Creditors 0.0 2.0 2.4 7.9 8.3 11.8 9.4 35.7 Multilateral - 2.0 2.4 6.9 7.6 9.6 8.1 34.9 IBRD - - - - - - - IDA - 1.4 1.9 5.0 2.7 2.6 3.8 7.2 Bilateral 0.0 0.0 0.0 0.9 0.7 2.2 1.3 0.7 Private Creditors 0.4 -0.1 -0.1 -0.1 0.0 7.6 9.5 3.7 Suppliers - - - - - - - - Financial Markets 0.4 -0.1 -0.1 -0.1 0.0 7.6 9.5 3.7 INTEREST PAYMENTS(INT) 0.2 0.2 0.2 0.2 0.4 0.6 1.5 2.9 Official Creditors 0.1 0.1 0.2 0.2 0.4 0.4 0.6 0.7 Multilateral 0.0 0.0 0.1 0.1 0.2 0.2 0.4 0.5 IBRD - - - - - - - - IDA 0.0 0.0 0.1 0.1 0.1 0.1 0.2 0.2 Bilateral 0.1 0.1 0.1 0.1 0.2 O.' 0.2 0.2 Private Creditors 0.1 0.0 0.0 0.0 0.0 0.2 0.9 2.2 Suppliers - - - - - - - - Financial Markets 0.1 0.0 0.0 0.0 0.0 0.2 0.9 2.2 63 LESOTHO (US$ Mfl7ions) 1972 1974 1976 1977 1978 1979 1980 9s81 NET TRANSFERS 0.1 1.7 2.1 7.8 7.9 18.8 17.4 36.5 Official Creditors -0.2 1.8 2.2 7.7 7.9 11.5 8.8 35.0 Multilaceral 0.0 2.0 2.3 6.8 7.4 9.4 7.7 34.5 IBRD - - - - - -- !DA 0.0 1.4 1.8 4.9 2.6 2.4 3.6 7.0 Bilateral -0.1 -0.1 -0.1 0.9 0.5 2.1 1.1 0.5 Private Creditors 0.3 -0.1 -0.1 -0.1 -0.1 7.4 8.5 1.5 Suppliers - - - - - - - Financial Markets 0.3 -0.1 -0.1 -0.1 -0.1 7.4 8.6 1.5 TOTAL DEBT SERVICE(TDS) 0.3 0.3 0.5 0.4 1.1 2.4 4.9 10.0 Official Creditors 0.2 0.2 0.4 0.3 1.0 0.7 1.0 1.1 Multilateral 0.0 0.0 0.1 0.2 0.3 0.4 0.6 0.6 IBRD - - - - - - IDA 0.0 0.0 0.1 0.1 0.2 0.2 0.2 0.2 Bilateral 0.1 0.1 0.3 0.1 0.7 0.3 0.4 0.5 Private Creditors 0.2 0.1 0.1 0.1 0.1 1.7 3.9 8.9 Suppliers - - - - - - - - Financial Markets 0.2 0.1 0.1 0.1 0.1 1.7 3.9 8.9 AVERAGE TERMS: PUBLIC DEBT NEW COMMITMENTS ALL CREDITORS Interest (%) - 0.8 0.7 1.2 4.3 2.9 7.3 0.7 Maturity (years) - 49.7 49.6 43.5 26.2 34.5 21.8 50.0 Grace Period (years) - 10.2 10.1 9.0 5.5 7.3 5.0 10.5 Grant Element (%) - 83.1 83.0 74.3 43.9 57.9 27.1 83.4 OFFICIAL CREDITORS Interest (%) - 0.8 0.7 1.1 0.8 2.3 2.9 0.7 Maturity (years) - 49.7 49.6 45.9 41.9 37.6 29.3 50.0 Grace Period (years) - 10.2 10.1 9.5 9.0 8.0 6.7 10.5 Grant Element (%) - 83.1 83.0 78.1 75.6 63.4 52.9 83.4 PRIVATE CREDITORS Interest (%) - - - 4.0 9.0 8.9 16.2 - Maturity (years) - - - 2.2 5.4 4.0 6.6 - Grace Period (years) - - - 1.7 0.9 1.0 1.4 - Grant Element (%) - - - 9.9 2.0 1.9 -25.3 - MAJOR ECONOMIC AGGREGATES (U.S. $ MILLIONS) Gross Nat. Product (GNP) 124 233 309 381 456 529 676 714 Exports of G. & S. (XGS .. .. .. .. .. ... Imports of G. & S. MGS .. .. .. .. . Intl. Reserves (RES) .. .. .. .. .. .. 50 43 PRINCIPAL RATIOSe DOD/XGS % . 4. .. .. .. .. .. ... DOD/GNP % 7.7 4.4 5.2 6.3 7.2 10.0 10.5 15.0 TDS/XGS % .. .. .. .. .. .. . TDS/GNP % 0.3 0 0.2 0.1 0.2 0.5 0.7 1.4 INT/XGS % .. .. .. .. .. INT/GNP % 0.2 0.1 0.1 0.1 0.1 0.1 0.2 0.4 RES/DOD % .. .. .. .. .. .. 71.0 40.6 RES/MGS months) .. .. .. .. .. .. . MEMORANDA Proportion of Disbursed Debt Concessional Loans (%) 73.9 77.3 90.9 89.6 90.4 79.1 69.8 67.8 Var. Int. Rate Loans (% - - - - - - 17.0 16.6 Use of IMF Credit(US$ mil - - - - - - - - 1982 1983 1984 1985 1986 1987 1988 1989 PROJECTED PUBLIC DEBT SERVICE TOTAL DEBT SERVICE 9.8 10.6 10.4 10.3 10.0 9.7 9.8 8.9 Principal 5.7 6.5 6.2 6.6 6.6 6.6 6.9 6.4 Interest 4.1 4.1 4.2 3.8 3.4 3.1 2.8 2.5 OFFICIAL CREDITORS 1.6 3.1 5.0 6.8 8.0 7.9 8.2 7.6 Principal 0.6 1.4 2.6 4.2 5.4 5.5 5.8 5.3 Interest 1.0 1.7 2.5 2.7 2.6 2.5 2.4 2.3 PRIVATE CREDITORS 8.2 7.5 5.4 3.5 2.0 1.7 1.6 1.4 Principal 5.1 5.1 3.7 2.4 1.2 1.1 1.1 1.1 Interest 3.1 2.4 1.7 1.1 0.8 0.6 0.4 0.2 64 LiERIA (USS Miiiins) 1972 1974 1976 1977 1973 1979 1980 1981 TOTAL DEBT OUTSTANDING DISBURSED ONtY TOTAL DEBT .. .. . .. .. Public / Publicly Guar. 156.4 158.8 206.3 263.6 343.5 466.2 539.5 592.3 Private Non-guaranteed . . .. .. .. . .. . PUBLIC / PUBLICLY GUARANTEED DEBT DEBT OUTS. INC. UNDISB. 181.5 218.9 302.1 380.0 655.1 743.9 757.0 764.5 Official Creditors 155.8 197.7 275.4 317.6 481.2 571.5 596.2 613.7 Multilateral 30.8 46.7 99.8 135.6 218.4 268.2 282.1 296.5 IBRD 20.4 29.2 66.4 71.0 99.6 119.9 123.1 120.3 IDA 8.4 11.0 17.0 24.0 36.0 44.0 44.0 47.7 Bilateral 125.0 151.0 175.7 182.1 262.8 303.3 314.2 317.2 Private Creditors 25.7 21.2 26.7 62.3 173.9 172.4 160.7 150.8 Suppliers 18.1 12.0 16.2 21.1 20.4 25.0 22.6 16.1 Financial Markets 7.6 9.3 10.5 41.2 153.5 147.4 138.1 134.7 DEBT OUTS. DISB. (DOD) 156.4 158.8 206.3 263.6 343.5 466.2 539.5 592.3 Official Creditors 130.7 137.6 181.0 204.6 244.0 214.2 386.7 446.7 Multilateral 13.9 25.1 43.4 59.3 84.9 129.2 168.5 195.2 IBRD 12.5 20.7 28.7 35.2 43.8 53.6 69.3 84.5 IDA - 2.5 6.5 9.7 13.1 18.1 22.9 28.8 Bilateral 116.8 112.5 137.6 145.3 159.1 185.0 218.2 251.4 Private Creditors 25.7 21.2 25.3 59.0 99.5 152.0 152.8 145.6 Suppliers 18.1 12.0 14.8 17.8 18.0 18.6 16.2 11.0 Financial Markets 7.6 9.3 10.5 41.2 81.4 133.4 136.6 134.7 COMMITMENTS 20.0 27.8 38.1 82.7 267.0 95.5 33.9 46.3 Official Creditors 20.0 27.8 29.4 40.1 154.2 76.5 33.9 46.3 Multilateral 9.9 6.4 11.0 29.5 82.2 52.2 19.7 26.8 IBRD 1.0 4.0 11.0 6.3 30.8 22.7 5.0 - IDA 8.4 - - 7.0 12.0 8.0 - 3.7 Bilateral 10.1 21.4 18.4 10.6 72.0 24.3 14.2 19.5 Private Creditors - - 8.7 42.7 112.8 18.9 - - Suppliers - - 8.7 8.9 - 6.4 - - Financial Markets - - - 33.7 112.8 12.5 - - DISBURSEMENTS 10.5 14.9 44.2 72.6 86.2 147.6 68.6 69.7 Official Creditors 10.5 9.2 31.1 31.9 41.9 76.7 68.4 66.9 Multilateral 4.0 5.4 11.2 17.2 27.5 46.8 43.4 20.9 IBRD 3.8 2.8 8.1 8.0 10.7 12.3 17.4 6.6 IDA - 2.3 1.8 3.2 3.5 4.9 4.9 2.2 Bilateral 6.5 3.7 19.9 14.6 14.5 29.8 25.0 46.0 Private Creditors - 5.8 13.1 40.7 44.3 71.0 0.3 2.8 Suppliers - - 10.4 7.0 1.0 2.4 - 1.3 Financial Markets - 5.8 2.7 33.7 43.3 68.6 0.3 1.5 PRINCIPAL REPAYMENTS 11.9 14.6 15.6 19.1 13.3 50.2 15.3 10.7 official Creditors 6.8 8.7 9.5 11.8 9.2 6.3 4.5 4.0 Multilateral 0.5 0.6 1.7 1.8 2.8 3.1 2.6 2.4 IBRD 0.5 0.6 1.6 1.5 2.2 2.4 1.8 1.4 IDA - - - - - - Bilateral 6.3 8.1 7.7 10.1 6.4 3.2 1.9 1.6 Private Creditors 5.0 5.9 6.1 7.3 4.0 43.9 10.8 6.7 Suppliers 3.3 3.5 4.2 4.0 0.7 1.9 2.7 5.6 Financial Markets 1.7 2.3 1,9 3.3 3.3 42.0 8.1 1.1 NET FLOWS -1.4 0.4 28.6 53.4 72.9 97.5 53.4 58.9 Official Creditors 3.6 0.5 21.6 20.0 32.7 70.4 63.9 62.8 Multilateral 3.5 4.8 9.4 15.4 24.7 43.8 40.8 18.5 IBRD 3.3 2.2 6.5 6.5 8.5 9.9 15.6 5.2 IDA - 2.3 1.8 3.2 3.5 4.9 4.9 2.2 Bilateral 0.2 -4.3 12.2 4.6 8.0 26.6 23.1 44.4 Private Creditors -5.0 -0.1 7.0 33.4 40.2 27.1 -10.5 -3.9 Suppliers -3.3 -3.5 6.2 3.0 0.3 0.5 -2.7 -4.3 Financial Markets -1.7 3.4 0.8 30.4 40.0 26.6 -7.8 0.4 INTEREST PAYMENTS(INT) 4.7 4.9 5.8 7.3 13.2 22.3 22.3 23.6 Official Creditors 3.3 3.5 5.2 5.4 7.3 9.9 7.2 7.5 Multilateral 0.8 1.4 2.6 2.8 4.4 6.2 5.5 5.7 IBRD 0.7 1.3 2.3 2.4 3.6 5.0 4.0 3.1 IDA - 0.0 0.0 0.1 0.1 0.1 0.1 0.1 Bilateral 2.5 2.0 2.6 2.5 3.0 3.7 1.7 1.9 Private Creditors 1.5 1.5 0.6 2.0 5.8 12.4 15.2 16.1 Suppliers 1.1 1.1 0.5 0.5 0.9 1.2 0.8 0.5 Financial Markets 0.4 0.4 0.2 1.5 4.9 11.2 14.4 15.6 65 LIBER!A (USS Mi I Nions) 1972 1974 1976 1977 1978 1979 1980 1981 NET TRANSFERS -6.1 -4.6 22.8 46.1 59.8 75.1 31.0 35.3 Official Creditors 0.4 -3.0 16.4 14.7 25.3 60.4 56.7 55.3 Multilateral 2.7 3.4 6.9 12.6 20.3 37:5 35.3 12.8 IBRD 2.6 0.9 4.3 4.1 4.9 5.0 11.7 2.1 IDA - 2.3 1.7 3.1 3.4 4.8 4.8 2.1 Bilateral -2.3 -6.4 9.6 2.0 5.1 22.9 21.4 42.5 Private Creditors -6.5 -1.6 6.3 31.4 34.4 14.7 -25.7 -20.0 Suppliers -4.4 -4.6 5.7 2.5 -0.7 -0.7 -3.5 -4.8 Financial Markets -2.1 3.0 0.6 28.9 35.1 15.4 -22 2 -15.3 TOTAL DEBT SERVICE(TDS) 16.6 19.5 21.4 26.5 26.4 72.5 37.6 34.4 Official Creditors 10.1 12.2 14.6 17.2 16.6 16.3 11.7 11.6 Multilateral 1.3 2.1 4.3 4.6 7.2 9.3 8.1 8.1 IBRD 1.2 1.9 3.8 3.9 5.8 7.4 5.7 4.5 IDA - 0.0 0.0 0.1 0.1 0.1 0.1 0.1 Bilateral 8.8 10.1 10.3 12.6 9.4 7.0 3.5 3.5 Private Creditors 6.5 7.3 6.7 9.3 9.E 56.3 25.9 22.8 Suppliers 4.4 4.6 4.6 4.5 1.6 3.1 3.5 6.1 Financial Markets 2.1 2.7 2.1 4.8 8.2 53.2 22.5 16.8 AVERAGE TERMS: PUBLIC DEBT NEW COMMITMENTS ALL CREDITORS Interest (%) 2.5 4.5 5.6 6.2 7.4 5.7 4.2 5.5 Maturity years) 38.8 19.6 21.1 17.0 i5.3 19.9 16.8 21.2 Grace Period (years) 8.9 5.2 5.6 4.4 4.7 5.6 5.0 5.1 Grant Element (%) 63.1 36.4 31.6 24.6 20.2 27.6 35.6 34.5 OFFICIAL CREDITORS Interest (%) 2.5 4.5 4.8 4.2 3.9 5.2 4.2 5.5 Maturity years) 38.8 19.6 23.9 27.7 20.9 22.1 16.8 21.2 Grace Period (years) 8.9 5.2 6.6 7.1 6.3 6.5 5.0 5.1 Grant Element (%) 63.1 36.4 38.9 44.3 42.0 32.1 35.6 34.5 PRIVATE CREDITORS Interest (%) - - 8.3 8.0 12.2 7.7 - - Maturity years) - - 11.8 6.9 7.6 11.2 - - Grace Period (years) - - 2.6 1.9 2.6 2.0 - - Grant Element (%) - - 7.1 6.0 -9.7 9.4 - - MAJOR ECONOMIC AGGREGATES (U.S. $ MILLIONS) Gross Nat. Product GNP) 374 472 646 769 805 942 1,017 1,023 Exports of G. & S. XGS .. .. .. .. .. .. . Imports of G. & S. MGS .. .. .. .. .. .. Intl. Reserves (RES) .. 14 17 27 18 55 4 7 PRINCIPAL RATIOSe DOD/XGS %) . - 1.. 3. 45 DOD/GNP %) 41.9 33.7 31.9 34.3 42.7 49.5 53.1 57.9 TDS/XGS %).......... TDS/GNP % 4.4 4.1 3.3 3.4 3.3 7.7 3.7 3.i INT/XGS % .. .. .. .. ... INT/GNP % 1.3 1.0 0.9 1.6 2.4 2.2 .2.3 RES/DOD °/) ll 8.6 8.3 10.4 5.2 11.8 0.8 1.2 RES/MGS (months) .. .. .. .. .. .. MEMORANDA Proportion of Disbursed Debt Concessional Loans (%) 69.3 68.8 58.8 53.5 48.5 45.6 46.8 47.6 Var. Int. Rate Loans (% - - - 13.5 22.5 21.4 17.3 14.9 Use of IMF Credit(US$ milfl - - - - - 39.8 53.0 101.2 1982 1983 1984 1985 1986 1987 1988 1989 PROJECTED PUBLIC DEBT SERVICE TOTAL DEBT SERVICE 74.7 84.7 87.8 94.0 89.9 66.9 62.1 52.2 Principal 37.7 49.4 55.6 65.7 66.4 48.1 45.8 37.8 Interest 37.0 35.4 32.2 28.3 23.4 18.8 16.3 14.4 OFFICIAL CREDITORS 36.4 43.7 50.3 55.8 57.2 57.8 55.5 48.6 Principal 17.4 23.6 29.9 36.0 38.5 40.5 39.8 34.4 Interest 19.0 20.1 20.3 19.8 18.7 17.4 15.8 14.2 PRIVATE CREDITORS 38.3 41.0 37.6 38.2 32.7 9.1 6.5 3.6 Principal 20.3 25.8 25.7 29.7 28.0 7.6 6.0 3.4 Interest 18.0 15.2 11.9 8.4 4.7 1.5 0.6 0.2 6E MADAGASCAR (US$ Millions) 1972 1974 1976 1977 1976 1979 1980 1981 TOTAL DEBT OUTSTANDING DISBURSED ONLY TOTAL DEBT .. .. .. .. .. Public ' Publicly Guar. 91.0 145.1 192.3 244.2 307.8 625.3 1,034.3 1,257.5 Private Non-guaranteed . . .. .. .. . .. . PUBLIC / PUBLICLY GUARANTEED DEBT DEBT OUTS. INC. UNDISB. 151.6 250.2 348.4 456.6 804.4 1,281.5 1,551.2 1,684.9 Official Creditors 138.0 231.8 330.5 418.3 645.4 887.7 1,057.2 1,265.8 Multilateral 58.6 126.2 172.6 206.5 264.3 342.8 414.8 473.7 IBRD 11.1 32.6 32.6 32.5 32.2 31.8 31.4 31.0 IDA 45.5 86.5 128.1 128.0 160.6 209.4 260.4 292.3 Bilateral 79.4 105.6 157.9 211.8 381.0 544.9 642.4 792.0 Private Creditors 13.6 18.3 17.9 38.3 159.0 393.8 494.0 399.1 Suppliers 4.0 8.8 8.6 27.2 61.7 187.9 178.0 130.9 Financial Markets 9.7 9.6 9.3 11.1 97.2 205.9 316.0 268.2 DEBT OUTS. DISB. (DOD) 91.0 145.1 192.3 244.2 307.8 625.3 1,034.3 1,257.5 Official Creditors 78.6 127.8 176.7 217.0 260.4 417.5 642.0 905.9 Multilateral 22.5 51.5 95.7 118.6 142.5 167.6 225.2 270.7 I8RD 7.0 10.6 25.8 25.7 26.3 28.6 29.8 30.7 IDA 15.5 40.1 67.7 76.6 85.0 97.4 121.9 152.0 Bilateral 56.1 76.3 80.9 98.4 117.9 249.9 416.9 635.3 Private Creditors 12.5 17.3 15.6 27.3 47.4 207.8 392.3 351.6 Suppliers 4.0 8.8 8.6 17.7 34.0 105.0 155.5 116.4 Financial Markets 8.5 8.5 7.0 9.6 13.4 102.8 236.8 235.2 COMMITMENTS 37.1 42.5 51.2 101.8 324.2 489.8 344.5 193.0 Official Creditors 37.1 37.6 48.7 82.8 209.4 255.3 197.9 174.4 Multilateral 15.3 33.9 41.0 33.3 56.5 78.0 80.8 71.0 IBRD - 6.8 - - - - - - IDA 15.3 22.4 36.0 - 33.0 49.0 55.7 37.3 Bilateral 21.8 3.7 7.7 49.5 152.9 177.3 11'1.0 103.5 Private Creditors - 4.9 2.5 18.9 114.8 234.5 146.6 18.6 Suppliers - 3.5 - 16.8 30.4 127.2 6 7 - Financial Markets - 1.4 2.5 2.2 84.3 107.2 139.9 18.6 DISBURSEMENTS 12.3 25.2 25.9 54.0 58.5 335.2 461.4 2B5.2 Official Creditors 9.7 21.2 25.0 43.2 41.2 170.3 243.4 204.6 Multilate'al 4.4 13.0 15.8 23.0 24.0 25.6 64.7 53.2 IBRD 2.1 0.1 2.2 - 0.9 2.7 1.5 1.4 IDA 2.2 12.1 13.6 8.9 8.8 12.6 29.0 34.8 Bilateral 5.3 8.2 9.2 20.1 17.2 144.8 178.8 151.4 Private Creditors 2.6 3.9 0.9 10.8 17.3 164.8 217.9 60.5 Suppliers - 3.5 - 8.2 13.5 72.3 65.7 6.6 Financial Markets 2.6 0.4 0.9 2.6 3.9 92.5 152.2 53.9 PRINCIPAL REPAYMENTS 5.6 8.4 8.5 8.9 11.9 18.1 33.8 74.3 Official Creditors 5.0 5.6 7.5 7.7 9.7 10.8 16.4 45.0 Multilateral - - 0.1 0.3 0.8 0.6 6.1 6.9 IBRD _ 0.1 0.3 0.4 0.4 0.4 IDA - - 0.1 0.1 0.4 0.2 4.5 4.8 Bilateral 5.0 5.6 7.5 7.4 8.8 10.3 10.3 38.1 Private Creditors 0.6 0.7 1.0 1.2 2.2 7.2 17.4 29.3 Suppliers 0.1 - 0.3 0.5 0.8 2.8 7.0 7.2 Financial Markets 0.5 0.7 0.7 0.7 1.4 4.5 10.4 22.1 NET FLOWS 6.7 18.8 17.4 45.1 46.6 317.1 427.6 190.8 Official Creditors 4.7 15.6 17.5 35.5 31.5 159.5 227.1 159.6 Multilateral 4.4 13.0 15.7 22.8 23.1 25.0 58.6 46.3 IBRD 2.1 0.1 2.2 -0.1 0.6 2.3 1.1 1.0 IDA 2.2 12.1 13.6 8.8 8.4 12.4 24.5 30.0 Bilateral 0.3 2.6 1.8 12.7 8.4 134.5 168.5 113.4 Private Creditors 2.0 3.2 -0.1 9.6 15.1 157.6 200.5 31.2 Suppliers -0.1 3.5 -0.3 7.6 12.6 69.5 58.7 -0.6 Financial Markets 2.1 -0.3 0.2 2.0 2.5 88.0 141.8 31.8 INTEREST PAYMENTS(INT) 2.2 3.5 4.6 5.5 7.2 16.3 25.7 46.9 Official Creditors 1.8 2.9 4.2 5.0 6.0 8.0 8.9 20.8 Multilateral 0.1 1.1 2.3 2.5 2.9 4.5 4.3 5.4 IBRD - 0.8 1.8 1.9 2.2 2.3 2.4 2.3 IDA 0.1 0.2 0.4 0.5 0.6 0.7 0.8 1.0 Bilateral 1.7 1.8 1.9 2.5 3.1 3.6 4.6 15.4 Private Creditors 0.4 0.6 0.4 0.5 1.2 8.3 16.8 26.1 Suppliers - 0.2 0.2 0.1 0.6 2.3 7.4 2.5 Financial Markets 0.4 0.4 0.2 0.4 0.6 5.9 9.4 23.7 67 MADAGASCAR (USs Millioins) 1972 1974 1976 1977 1978 1979 1980 1981 NET TRANSFERS 4.5 15.3 12.8 39.6 39.4 300.8 401.9 144.0 Official Creditors 2.9 12.7 13.3 30.E 25.5 151.5 218.2 138.9 Multilateral 4.3 11.9 13.4 20.3 20.3 20.5 54.3 40.9 IBRD 2.1 -0.7 0.3 -2.0 -1.6 0.0 -1.3 -1.4 IDA 2.1 11.9 13.1 8.3 7.9 11.7 23.8 29.0 Bilateral -1.4 0.8 -0.1 10.2 5.3 131.0 163.9 98.0 Private Creditors 1.6 2.5 -0.5 9.1 13.9 149.3 183.7 5.1 Suppliers -0.1 3.3 -0.5 7.5 12.0 67.2 51.3 -3.0 Financial Markets 1.6 -0.8 0.0 1.6 1.9 82.1 132.4 8.1 TOTAL DEBT SERVICE(TDS) 7.8 9.9 13.1 14.4 19.1 34.3 59.4 121.2 Official Creditors 6.8 8.5 11.7 12.7 15.6 18.8 25.2 65.7 Multilateral 0.1 1.1 2.4 2.8 3.7 5.0 10.4 12.3 IBRD - 0.8 1.6 2.0 2.5 2.7 2.8 2.7 IDA 0.1 0.2 0.5 0.6 1.0 0.8 5.3 5.8 Bilateral 6.7 7.5 9.4 9.9 11.9 13.8 14.9 53.5 Private Creditors 1.0 1.4 1.4 1.7 3.5 15.5 34.2 55.5 Suppliers 0.1 0.2 0.5 0.7 1.4 5.1 14.5 9.7 Financial Markets 1.0 1.2 0.9 1.0 2.0 10.4 19.8 45.8 AVERAGE TERMS: PUBLIC DEBT NEW COMMITMENTS ALL CREDITORS Interest (%) 1.5 2.7 1.9 4.6 5.7 5.8 7.5 2.9 Maturity years) 31.9 34.9 39.4 23.0 17.0 15.2 17.1 24.5 Grace Period (years) 8.0 8.8 8.2 5.1 4.3 3.9 3.8 5.4 Grant Element (%) 65.1 59.2 67.4 38.3 27.0 23.9 24.0 48.4 OFFICIAL CREDITORS Interest (%) 1.5 2.3 1.5 3.5 3.9 3.2 4.0 1.7 Maturity years) 31.9 37.9 41.2 26.1 21.6 22.1 25.7 26.5 Grace Period (years) 8.0 9.6 8.6 5.6 5.0 5.5 5.6 5.8 Grant Element (%) 65.1 64.0 70.7 46.7 39.4 41.8 44.1 54.8 PRIVATE CREDITORS Interest (%) - 5.3 8.5 9.3 8.9 8.6 12.4 14.1 Maturity (years) - 12.0 5.8 9.6 8.4 7.8 5.5 5.7 Grace Period (years) - 2.7 1.8 2.7 2.9 2.1 1.3 1.0 Grant Element (%) - 22.4 3.8 1.4 4.0 4.4 -3.1 -10.9 MAJOR ECONOMIC AGGREGATES (U.S. $ MILLIONS) Gross Nat. Product (GNP) 1,051 1,529 1,739 1,875 2,122 2,747 3,194 2,817 Exports of G. & S. (XGS) 228 287 334 388 444 466 . Imports of G. & S. (MGS) 281 387 442 482 611 999 . Intl. Reserves (RES) 52 49 42 69 59 5 PRINCIPAL RATIOS DOD/XGS (% 39.9 50.5 57.6 63.0 69.3 134.1 DOD/GNP (% 8.7 9.5 11.1 13.0 14.5 22.8 32.4 44.6 TDS/XGS (% 3.4 3.4 3.9 3.7 4.3 7.4 . TDS/GNP % 0.7 0.6 0.8 0.8 0.9 1.3 1.9 4.3 INT/XGS % 1.0 1.2 1.4 1.4 1.6 3.5 . INT/GNP (% 0.2 0.2 0.3 0.3 0.3 0.6 0.8 1.7 RES/DOD % 57.3 34.0 21.9 28.2 19.2 0.8 . RES/MGS (months) 2.2 1.5 1.1 1.7 1.2 0.1 MEMORANDA Proportion of Disbursed Debt Concessional Loans (%) 75.3 78.2 74.3 67.0 66.7 45.0 43.1 44.5 Var. Int. Rate Loans (% - - - 0.1 0.2 8.8 12.9 9.7 Use of IMF Credit(US$ mil - 4.2 16.6 19.0 17.5 13.0 54.7 87.1 1982 1983 1984 1985 1986 1987 1988 1989 PROJECTED PUBLIC DEBT SERVICE TOTAL DEBT SERVICE 204.0 240.6 221.7 171.5 160.4 137.1 118.1 103.7 Principal 143.4 171.7 164.6 125.2 122.6 106.9 94.1 85.1 Interest 60.6 68.9 57.1 46.3 37.8 30.3 24.0 18.6 OFFICIAL CREDITORS 101.6 123.4 125.3 101.4 109.5 106.4 98.5 92.6 Principal 72.4 83.2 88.0 68.0 79.8 80.7 77.1 75.3 Interest 29.2 40.2 37.3 33.5 29.8 25.6 21.4 17.3 PRIVATE CREDITORS 102.4 117.2 96.4 70.1 50.8 30.8 19.6 11.1 Principal 71.0 88.5 76.6 57.3 42.8 26.2 17.0 9.8 Interest 31.5 28.7 19.9 12.8 8.0 4.6 2.6 1.3 68 MALAWI (uSS Mi;: ions,, 1972 1974 1976 1377 1978 1979 1980 1981 TOTAL DEBT OUTSTANDING DISBURSED ONLY TOTAL DEBT .. .. .. .. Public / Publicly Guar. 164.4 229.6 294.9 368.9 504.1 510.7 647.0 687.0 Private Non-guaranteed .. .. .. .. .. .. PUBLIC / PUBLICLY GUARANTEED DEBT DEBT OUTS. INC. UNDISB. 221.7 327.0 388.1 558.6 718.6 706.1 817.8 867.3 Official Creditors 188.8 289.0 327.5 416.8 551.7 480.9 563.6 637.2 Multilateral 53.8 89.0 129.8 212.0 275.4 314.4 351.4 449.7 IBRD - - 9.2 26.2 29.2 29.2 29.2 75.2 IDA 48.9 82.7 102.8 117.7 160.6 174.6 187.6 254.2 Bilateral 135.0 200.0 197.6 204.9 276.2 166.5 212.2 187.5 Private Creditors 32.9 38.0 60.6 141.8 167.0 225.2 254.2 230.1 Suppliers 18.1 16.8 10.0 45.3 49.5 58.2 89.3 63.5 Financial Markets 14.8 21.2 50.7 96.5 117.5 166.9 164.9 166.6 DEBT OUTS. DISB. (DOD) 164.4 229.6 294.9 368.9 504.1 510.7 647.0 687.0 Official Creditors 132.4 192.8 237.4 278.3 347.8 314.2 417.4 461.0 Multilateral 36.7 54.4 77.8 107.4 144.4 188.6 241.2 294.3 IBRD - - 0.1 2.5 5.1 17.9 25.5 52.3 IDA 34.2 50.2 73.6 84.4 102.3 116.2 130.5 150.6 Bilateral 95.7 138.4 159.6 170.9 203.4 125.7 176.2 166.7 Private Creditors 32.1 36.8 57.5 90.6 156.3 196.5 229.5 226.0 Suppliers 17.5 15.6 10 0 17.1 43.5 51.8 67.5 62.8 Financial Markets 14.5 21.2 47.5 73.5 112.8 144.7 162.0 163.2 COMMITMENTS 48.8 63.4 59.8 231.0 150.3 126.2 136.4 154.9 Official Creditors 48.5 58.4 34.2 143.6 116.1 52.8 84.5 126.8 Multilateral 8.2 12.6 15.0 79.5 58.2 38.3 44.4 115.2 IBRD - - 9.2 17.0 3.0 - - 46.0 IDA 6.6 12.0 - 15.0 43.2 14.5 13.8 68.5 Bilateral 40.3 45.8 19.2 64.1 57.9 14.5 40.1 11.7 Private Creditors 0.3 5.0 25.6 87.4 34.2 73.4 51.9 28.1 Suppliers - 1.2 0.3 35.8 2.3 11.7 30.2 0.1 Financial Markets 0.3 3.8 25.3 51.7 32.0 61.7 21.7 28.0 DISBURSEMENTS 34.7 31.3 57.7 99.7 135.7 125.4 159.9 131.2 Official Creditors 29.1 27.3 34.2 60.2 60.4 70.0 102.0 86.3 Multilateral 10.4 8.0 12.0 29.3 35.6 44.3 56.1 64.5 IBRD - - 0.1 2.4 2.6 12.8 7.6 26.8 IDA 9.6 7.5 11.9 10.9 18.2 14.5 15.1 21.0 Bilateral 18.7 19.4 22.2 30.9 24.8 25.7 45.9 21.8 Private Creditors 5.7 3.9 23.5 39.5 75.3 55.4 57.9 44.9 Suppliers 5.7 0.1 0.3 7.9 25.0 11.1 16.5 18.1 Financial Markets - 3.8 23.2 31.6 50.3 44.3 41.4 26.8 PRINCIPAL REPAYMENTS 4.3 6.7 8.5 14.2 18.7 19.1 33.0 38.4 Official Creditors 1.9 2.8 3.9 4.7 5.7 3.6 4.2 7.2 Multilateral - - 0.5 0.5 0.8 1.3 1.4 3.6 IBRZD - - - - - - IDA - - - 0.1 0.3 0.5 0.8 0.8 Bilateral 1.9 2.8 3.4 4.2 4.9 2.3 2.7 3.7 Private Creditors 2.5 3.9 4.6 9.5 13.0 15.5 28.8 31.2 Suppliers 1.7 1.9 1.7 1.9 1.5 2.7 4.9 9.1 Financial Markets 0.8 2.0 2.9 7.6 11.6 12.9 23.9 22.1 NET FLOWS 30.4 24.5 49.2 85.4 116.9 106.3 127.0 92.8 Official Creditors 27.2 24.5 30.3 55.5 54.7 66.5 97.9 79.1 Multilateral 10.4 8.0 11.5 28.8 34.8 43.1 54.7 61.0 IBRD - - 0.1 2.4 2.6 12.8 7.6 26.8 IDA 9.6 7.5 11.9 10.8 17.9 13.9 14.3 20.1 Bilateral 16.8 16.6 18.8 26.7 19.9 23.4 43.2 18.1 Private Creditors 3.2 0.0 18.9 30.0 62.2 39.9 29.1 13.7 Suppliers 4.0 -1.8 -1.4 6.0 23.5 8.4 11.6 9.0 Financial Markets -0.8 1.8 20.3 24.0 38.7 31.4 17.5 4.7 INTEREST PAYMENTS(INT) 4.2 7.7 8.2 7.1 16.6 24.3 34.6 50.3 Official Creditors 2.0 5.0 4.9 3.1 6.0 8.0 8.3 15.2 Multilateral 0.4 0.6 0.7 0.8 2.0 2.5 3.3 6.0 IBRD - - - 0.1 0.3 0.6 1.3 2.2 IDA 0.2 0.3 0.5 0.6 0.7 0.8 0.9 0.9 Bilateral 1.6 4.5 4.2 2.3 4.1 5.4 5.0 9.2 Private Creditors 2.2 2.7 3.3 4.0 10.6 16.3 26.3 35.1 Suppliers 1.1 1.1 0.7 0.3 1.9 3.2 3.3 6.3 Financial Markets 1.1 1.6 2.6 3.6 8.6 13.1 23.0 28.8 69 MALAWI (US$ Mi 11 ions) 1972 1974 1976 1977 1978 1979 1980 1961 NEr TRANSFERS 26.2 16.8 41.0 78.4 100.3 82.1 92.4 42.5 Official Creditors 25.2 19.5 25.5 52.3 46.6 58.5 89.6 63.8 Multilateral 10.0 7.4 10.8 27.9 32.8 40.5 51.4 54.9 IBRO - - 0.1 2.3 2.3 12.2 6.4 24.6 IDA 9.3 7.1 11.4 10.3 17.3 13.t1 3.4 9.2 Bilateral 15.2 12.1 14.7 24.4 15.8 18.0 38.2 8.9 Private Creditors 1.0 -2 7 15.6 26.0 51.7 23.6 2.8 -21.4 Suppliers 2.9 -2.9 -2.1 5.7 21.6 5.2 8.3 2.7 Finarcial Markets -1.9 0.2 17.7 20.3 30.1 18.3 -5.5 -24.1 TOTAL DEBT SERVICE(TDS) 8.5 14.5 1E.7 21.3 35.3 43.4 67.5 88.7 Official Creditors 3.8 7.9 8.8 7.8 11.7 11.5 12.4 22.5 Multilateral 0.4 0.6 1.2 1.4 2.8 3.8 4.7 9.6 ISRC - - - 0.1 0.3 0.6 1.3 2.2 IDA 0.2 0.3 0.5 0.6 1.0 1.3 1.7 1.8 Bilateral 3.4 7.3 7.6 6.5 8.9 7.7 7.7 12.9 Private Creditors 4.7 6.6 7.9 13.5 23.6 31.8 55.1 66.3 Suppliers 2.8 3.0 2.4 2.3 3.4 5.8 8.2 15.5 Financial Markets 1.9 3.6 5.5 11.2 20.2 26.0 46.9 50.8 AVERAGE TERMS: PUBLIC DEBT N1EW COMMITMENTS ALL CREDITORS Interest (%) 1.6 2.2 4.7 5.5 4.5 8.3 5.7 6.8 Maturity (years) 30.1 40.4 24.4 24.3 29.4 18.4 23.9 30.0 Grace Period (years) 7.7 8.5 5.5 5.8 7.1 4.6 5.9 6.7 Grant Element (%) 66.7 66.0 40.3 35.2 46.7 19.4 34.6 34.7 OFFICIAL CREDITORS Interest (%) 1.5 1.7 2.1 3.5 2.5 2.5 2.7 4.6 Maturity (years) 30.2 43.1 38.7 34.5 36.4 34.5 32.3 35.4 Grace Period (years) 7.7 9.1 8.9 7.7 8.7 8.1 8.0 7.8 Grant Element (%) 67.2 71.2 67.3 54.0 62.0 60.6 56.8 46.5 PRIVATE CREDITORS lnterest (%) 14.5 8.0 8.1 8.8 11.3 12.5 10.5 16.7 Maturity (years) 12.7 8.9 5.5 7.5 5.7 6.9 10.3 5.6 Grace Period (years) 3.2 0.8 1.0 2.8 t.8 2.1 2.5 1.9 Grant Element (%l -24.9 5.7 4.3 4.2 -5.0 -10.3 -1.7 -18.9 MAJOR ECONOMIC AGGREGATES $U.S. $ MLONS) Gross Nat. Product (GNP) 441 595 695 827 1.007 1.243 1,489 1.633 Exports of G. & S. (XGS 112 185 196 244 237 274 Imports of G. & S. (MGS 172 231 271 307 409 527 Intl. Reserves (RES) 36 82 26 89 77 76 76 54 PRINCIPAL RATIOS DDD/XGS % 147.0 124.1 150.3 151.2 212.8 186.3 DOD/GNP "% 37.3 38.6 42.4 44.6 50.1 41.1 43.4 42.1 TDS/XGS % 7.6 7.8 8.5 8.7 14.9 15.8 TDS/GNP % 1.9 2.4 2.4 2.6 3.5 3.5 4.5 5.4 INT/XGS % 3.7 4.2 4.2 2.9 7.0 8.8 INT/GNP % 0.9 1.3 1.2 0.9 1.6 2.0 2.3 3.1 RES/DOD % 22.0 35.6 8.9 24.0 15.3 14.9 11.7 7.9 RES/MGS months) 2.5 4.2 1.2 3.5 2.3 1.7 MEMORANDA Proportion of Disbursed Debt Concessional Loans (°) 71.1 74.6 73.5 62.2 55.7 42.7 43.0 44.5 Var. Int. Rate Loans (% - 2.4 8.8 14.7 19.2 24.8 22.5 21.8 Use of IMF Credit(US$ mil - - 4.3 11.1 7.2 35.5 61.1 87.6 1982 1983 1984 1985 1986 1987 1988 1989 PROJECTED PUBLIC DEBT SERVICE TOTAL DEBT SERVICE 114.6 1O4.4 95.0 76.8 65.0 44.4 42.9 39.3 Principal 68.3 64.6 62.5 50.7 44.0 26.8 26.9 24.7 Interest 46.3 39.8 32.4 26.0 21.1 17.6 16.0 14.6 OFFICIAL CREDITORS 27.8 32.9 34.8 35.4 38.0 39.0 38.6 35.5 Principal 10.0 14.2 16.4 17.6 21.0 23.0 23.7 21.9 Interest 17.9 18.7 18.3 17.7 17.1 16.0 14.8 13.7 PRIVATE CREDITORS 86.8 71.5 60.2 41.4 27.0 5.4 4.4 3.7 Principal 58.4 50.4 46.1 33.1 23.0 3.8 3.2 2.8 Interest 28.4 21.1 14.1 8.3 4.0 1.6 1.2 0.9 70 MALI (US$ Millions) 1972 '974 1976 1977 1978 1979 1980 19819 TOTAL DEBT OUTSTANDING DISBURSED ONLY TOTAL DEBT .. .. .. .. .. Public / Publicly Guar. 256.2 333.5 373.0 450.2 547.5 551.7 621.1 498.3 Private Non-guaranteed .. .. .. .. .. PUBLIC / PUBLICLY GUARANTEED DEBT DEBT OUTS. INC. UNDISB. 319.5 452.S 570.8 895.9 807.8 827.9 939.5 830.8 Ufficial Creditors 305.2 436.7 555.2 683.9 785.6 804.9 916.8 815.8 Multilateral 29.0 67.7 149.7 P13.9 250.7 295.6 332.8 375.4 IBRD - - - - - - - - IDA 28.4 61.8 t11.5 146.9 151.3 167.7 175.6 194.6 Bilateral 276.3 369.1 405.5 470.0 534.9 509.3 584.0 440.4 Private Creditors 14.3 15.8 15.5 42.0 22.2 23.0 22.8 15.0 Suppliers 13.6 14.9 14.8 8.2 9.3 9.6 8.4 5.0 Financial Markets 0.7 0.8 C.7 3.8 12.9 13.4 14.4 10.0 DEBT OUTS. DISS. (DOD) 256.2 333.5 373.0 450.2 547.5 551.7 621.1 498.3 Official Creditors 249.4 325.2 365.0 441.2 527.2 529.6 601.8 483.9 Multilateral 16.0 28.7 57.2 82.7 115.2 158.6 192.6 223.4 IBRD - - - - - - - - IDA 15.4 28.2 54.4 67.1 81.6 102.0 120.8 139.8 Bilateral 233.4 296.5 307.7 358.5 412.0 371.1 409.2 260.5 Private Creditors 6.8 8.3 8.0 9.0 20.3 22.0 19.3 14.4 Suppliers 6.1 7.4 7.3 8.2 9.3 9.6 8.4 5.0 Financial Markets 0.7 0.8 0.7 0.8 11.0 12.4 10.9 9.4 COMMITMENTS 17.2 24.4 105.2 114.6 70.6 109.2 131.4 103.6 Official Creditors 17.2 24.4 105.2 111.6 62.6 109.2 127.7 103.6 Multilateral 10.5 13.2 57.0 62.7 34.7 43.7 41.3 51.3 IBRD - - - - - - - - IDA 10.5 8.0 25.5 35.5 4.5 16.5 8.0 19.5 Bilateral 6.7 11.1 48.2 48.9 27.9 65.5 86.4 52.3 Private Creditors - - - 3.1 8.0 - 3.7 - Suppliers - - - - - - Financial Markets - - - 3.1 8.0 - 3.7 - DISBURSEMENTS 15.0 36.3 39.0 58.1 68.7 75.0 84.8 77.9 Official Creditors 15.0 36.3 39.0 57.9 59.4 74.0 83.9 75.6 Multilateral 5.6 6.5 13.7 25.3 33.6 42.9 36.3 34.9 IBRD - - - - - - - - IDA 5.0 6.5 13.4 12.8 14.6 20.6 18.9 19.2 Bilateral 9.4 29.7 25.3 32.5 25.8 31.1 47.6 40.7 Private Creditors - - - 0.2 9.3 0.9 0.9 2.3 Suppliers - - - - - - Financial Markets - - - 0.2 9.3 0.9 0.9 2.3 PRINCIPAL REPAYMENTS 0.4 1.4 2.8 4.3 5.7 5.6 7.4 29.7 Official Creditors 0.4 1.4 2.8 4.1 5.7 5.4 5.8 28.5 Multilateral - 0.1 0.0 0.3 2.3 0.2 0.5 1.4 IBRD - - - - - - - - IDA - - - 0.1 0.1 0.1 0.1 0.2 Bilateral 0.4 1.3 2.8 3.9 3.4 5.2 5.3 27.1 Private Creditors - - - 0.1 - 0.2 1.6 1.2 Suppliers - - - - 0.2 0.5 0.4 Financial Markets - - - 0.1 - - 1.1 0.8 NET FLOWS 14.5 34.9 36.1 53.8 63.0 59.3 77.5 48.1 Official Creditors 14.5 34.9 36.1 53.7 53.7 68.6 78.1 47.1 Multilateral 5.6 6.4 13.7 25.1 31.3 42.7 35.8 33.5 IBRD - - - - - - - - IDA 5.0 6.5 13.4 12.6 14.5 20.4 18.8 19.0 Bilateral 8.9 28.5 22.5 28.6 22.4 25.9 42.3 13.6 Private Creditors - - - 0.1 9.3 0.7 -0.6 1.0 Suppliers - - - - - -0.2 -0.5 -0.4 Financial Markets - - - 0.1 9.3 0.9 -0.1 1.4 INTEREST PAYMENTS(INT) 0.5 0.8 0.8 2.4 3.0 3.1 3.8 6.8 Official Creditors 0.5 0.8 0.8 2.4 2.4 2.5 2.9 5.8 Multilateral 0.1 0.2 0.3 0.7 0.8 1.2 1.4 2.3 IBRD - - - - - - - - IDA 0.1 0.2 0.2 0.5 0.5 0.7 0.7 0.9 Bilateral 0.4 0.6 0.6 1.7 1.6 1.3 1.5 3.5 Private Creditors - - - - 0.6 0.6 0.9 1.0 Suppliers - - - - - - 0.1 0.1 Financial Markets - - - - 0.6 0.6 0.8 0.9 71 MALI (USs MI 1 Iions) 1672 1974 1976 1977 1978 1979 1980 1981 NET TRANSFERS 14.0 34.0 35.3 51.4 60.0 66.2 73.7 41.3 Official Creditors 14.0 34.0 35.3 51.4 51.3 66.1 75.2 41.3 Multilateral 5.5 6.2 13.4 24.4 30.5 41.5 34.4 31.1 IBYD - - - - - - - - IDA 4.9 6.4 13.2 12.2 13.9 19.7 18.1 18.1 Bilateral 6.5 27.8 21.9 27.0 20.8 24.6 40.8 10.1 Private Creditors - - - 0.1 8.7 0.1 -1.5 0.0 Suppliers - - - - - -0.2 -0.6 -0.5 Financial Markets - - - 0.1 8.7 0.4 -0.9 0.5 TOTAL DEBT SERVICE(TDS) 1.0 2.2 3.7 6.6 8.7 8.8 11.1 36.5 Official Creditors 1.0 2.2 3.7 S.5 8.1 7.9 8.7 34.3 Multilateral 0.1 0.3 0.3 1.0 3.1 1.5 1.9 3.8 IBRD - - - - - - - - IDA 0.1 0.2 0.2 0.6 0.6 0.8 0.8 1.1 Bilateral 0.9 1.9 3.4 5.5 5.0 6.5 6.8 30.6 Private Creditors - - - 0.1 0.6 0.8 2.5 2.2 Suppliers - - - - - 0.2 0.6 0.5 Financial Markets - - - 0.1 0.6 0.6 1.8 1.7 AVERAGE TERMS: PUBLIC DEBT NEW COMMITMENTS ALL CREDITORS Interest (%) 0.8 1.0 2.5 2.2 2.4 2.2 2.i 2.0 Maturity years) 41.0 41.2 35.2 34.5 27.9 21.0 20.6 25.4 Grace Period (years) 9.2 8.0 7.8 8.1 6.8 6.1 5.2 6.0 Grant Element (%) 77.2 72.6 60.9 63.5 55.3 51.2 49.1 52.8 OFFICIAL CREDITORS Interest (%) 0.8 1.0 2.5 2.1 1.5 2.2 1.9 2.0 Maturity (years) 41.0 41.2 35.2 35.1 30.3 21.0 21.0 25.4 Grace Period (years) 9.2 8.0 7.8 8.2 7.4 6.1 5.3 6.0 Grant Element (%) 77.2 72.6 60.9 64.9 62.5 51.2 50.8 52.8 PRIVATE CREDITORS Interest (%) - - - 7.5 10.0 - 12.1 - Maturity (years) - - - 12.9 9.9 - 5.9 - Grace Period (years) - - - 4.9 2.4 - 1.8 - Grant Element (%) - - - 13.0 -1.1 - -8.3 - MAJOR ECONOMIC AGGREGATES (U.S. S MILLIONS) Gross Nat. Product GNP) 373 410 714 806 949 1,235 1,336 1.136 Exports of G. & S. XGS 76 96 130 175 176 245 301 23B Imports of G. & S. MGS 115 238 214 233 375 465 403 327 Intl. Reserves (RES) 4 6 7 7 11 16 26 25 PRINCIPAL RATIOSe DOD/XGS % 337.1 347.9 286.9 257.2 311.5 224.8 206.5 209.7 DOD/GNP % 68.7 81.4 52.3 55.8 57.7 44.7 46.5 43.9 TDS/XGS % 1.3 2.3 2.8 3.8 4.9 3.6 3.7 15.4 TDS/GNP % 0.3 0.5 0.5 0.8 0.9 0.7 0.8 3.2 INT/XGS % 0.7 0.9 0.6 1.3 1.7 1.3 1.3 2.9 INT/GNP % 0.1 0.2 0.1 0.3 0.3 0.3 0.3 0.6 RES/DOD % 1.4 1.8 1.8 1.5 2.1 2.8 4.1 5.0 RES/MGS months) 0.4 0.3 0.4 0.4 0.4 0.4 O.S 0.9 MEMORANDA Proportion of Disoursed Debt Concessional Loans (%) 96.7 96.9 97.3 97.1 94.4 93.2 93.2 93.0 Var. Int. Rate Loans (%W - - - - - - - 0.2 Use of IMF Credit(US$ mil) 9.0 12.7 14.8 13.6 13.2 8.3 11.4 7.8 1982 1983 1984 1985 1986 1987 1988 1989 PROJECTED PUBLIC DEBT SERVICE TOTAL DEBT SERVICE 39.8 46.2 61.8 67.0 68.7 67.3 56.7 48.3 Principal 31.9 36.9 51.4 56.1 58.3 57.8 48.1 40.7 Interest 7.9 9.3 10.5 11.0 10.4 9.5 8.5 7.6 OFFICIAL CREDITORS 36.9 43.2 59.0 64.4 66.2 65.6 55.9 47.5 Principal 30.1 34.8 49.3 54.0 56.2 56.4 47.4 40.0 Interest 6.9 8.4 9.8 10.4 10.0 9.3 8.4 7.5 PRIVATE CREDITORS 2.8 3.0 2.8 2.6 2.4 1.7 0.8 0.8 Principal 1.8 2.1 2.1 2.1 2.1 1.5 0.7 0.7 Interest 1.0 0.9 0.7 0.5 0.4 0.2 0.1 0.1 72 MAURITANIA (US$ M` I I ions) 1972 1974 1976 1977 1978 1979 1980 1981 TOTAL DEBT OUTSTANDING DISBURSED ONLY TOTAL DEBT .. .. .. .. Public / Publicly Guar. 56.7 168.4 392.8 460.2 591.0 618.6 723.2 827.1 Private Non-guaranteed .. .. .. .. .. .. PUBLIC / PUBL!CLY GUARANTEED DEBT DEBT OUTS. INC. UNDISB. 119.6 373.3 619.4 685.0 842.9 1,223.4 1,390.0 1,524.4 Official Creditors 98.5 287.7 474.9 520.5 651.8 1,068.9 1,227.5 1,403.0 Multilateral 17 6 54.7 103.5 111.7 136.8 294.1 355.1 352.5 IBRD - 8.7 - - - 60.0 60.0 60.0 IDA 14.6 26.1 36.5 39.8 39.6 47.4 61.7 63.1 Bilateral 80.9 233.0 371.4 408.8 515.0 774.8 872.4 1,050.5 Private Creditors 21.1 85.6 144.5 164.5 191.1 154.4 162.5 121.4 Suppliers 7.8 56.4 56.0 71.8 83.2 75.0 66.9 61.5 Finarcial Markets 13.3 29.3 48.5 62.7 77.9 69.4 85.6 59.9 DEBT OUTS. DISB. (DOD) 56.7 168.4 392.8 460.2 591.0 618.6 723.2 827.1 Official Creditors 50.2 143.8 268.9 312.6 410.3 478.1 590.1 728.0 Multilateral 12.6 30.0 43.1 62.9 99.0 112.1 142.9 172.4 IBRD - 8.7 - - - - - 10.5 IDA 9.6 12.2 18.6 24.3 29.9 34.1 37.9 44.0 Bilateral 37.6 113.8 225.8 249.7 311.3 366.0 447.2 555.6 Private Creditors 6.5 24.6 124.0 147.6 180.7 140.5 133.1 99.1 Suppliers 6.5 7.7 55.8 70.1 80.5 72.3 66.9 61.5 Financial Markets 0.0 16.9 28.2 47.5 70.2 58.2 56.2 37.6 COMMITMENTS 17.3 143.6 181.0 75.0 136.4 455.3 216.3 249.9 Official Creditors 2.3 126.7 149.8 43.4 114.0 436.3 177.6 242.0 Multilateral - 22.1 51.0 6.7 22.3 155.5 69.1 18.8 IB2D - - - - 60.0 - - IDA - 7.9 2.7 3.5 - 8.0 14.8 3.1 Bilateral 2.3 104.5 98.8 36.7 91.6 280.7 108.6 223.2 Private Creditors 15.0 16.9 31.2 31.6 22.4 19.1 38.7 7.9 Suppliers 1.6 1.9 3.3 10.9 3.2 - 2.6 4.6 Financial Markets 13.5 15.1 27.9 20.7 19.2 19.1 36.1 3.3 DISBURSEMENTS 5.7 60.2 185.0 87.5 126.0 81.6 138.2 173.8 Official Creditors 5.4 54.8 119.5 51.1 96.4 67.7 122.1 164.7 Multilateral 0.8 5.6 21.2 19.4 35.0 13.8 33.3 38.4 IBRD - - - - - - - 10.5 IDA 0.4 0.9 4.7 5.9 5.8 4.4 4.1 6.4 Bilateral 4.6 49.3 98.3 31.8 61.5 53.8 88.8 126.3 Private Creditors 0.2 5.3 65.4 36.3 29.6 13.9 16.0 9.1 Suppliers 0.2 2.0 49.5 9.7 2.3 0.1 2.6 4.6 Financial Markets - 3.3 16.0 26.7 27.3 13.8 13.5 4.5 PRINCIPAL REPAYMENTS 9.1 9.9 69.5 32.1 16.6 50.6 17.1 35.7 Official Creditors 3.7 6.1 5.7 11.1 6.6 2.6 3.9 6.3 Multilateral - 1.5 0.5 0.4 0.6 0.9 1.5 2.9 IBRD - - - - - - - IDA - - 0.1 0.2 0.2 0.3 0.3 0.2 Bilateral 3.7 4.6 5.2 10.8 6.0 1.7 2.3 3.4 Private Creditors 5.4 3.7 63,8 20.9 10.0 48.0 13.3 29.4 Suppliers 5.4 1.6 1.7 1.8 1.1 1.3 0.9 1.1 Financial Markets 0.0 2.2 12.1 9.1 8.9 26.6 12.4 18.3 NET FLOWS -3.4 50.3 115.5 55.4 109.4 31.0 121.0 138.1 Official Creditors 1.7 48.7 113.9 40.0 89.8 65.1 118.2 158.4 Multilateral 0.8 4.0 20.8 19.0 34.3 13.0 3i.7 35.5 IBRD - - - - - - - 10.5 IDA 0.4 0.9 4.6 5.7 5.6 4.2 3.9 6.2 Bilateral 0.9 44.7 93.1 21.0 55.5 52.1 86.5 122.9 Private Creditors -5.2 1.6 1.6 15.4 19.6 -34.1 2.8 -20.3 Suppliers -5.2 0.5 47.7 7.9 1.2 -1.2 1.7 3.5 Financial Markets 0.0 1.1 3.9 17.5 18.4 -12.8 1.1 -13.8 INTEREST PAYMENTS(INT) 1.8 4.4 7.8 9.1 9.6 15.5 12.8 18.3 Official Crsaitors 1.4 3.0 6.0 6.5 5.2 9.4 9.1 14.4 Multilateral 0.0 0.2 0.2 0.5 1.0 2.8 3.0 3.4 IBRD - - - - - - - 0.9 IDA - 0.1 0.1 0.1 0.1 0.3 0.3 0.2 Bilateral 1.4 2.8 5.8 6.1 4.2 6.6 6.1 11.0 Private Creditors 0.4 1.3 1.8 2.5 4.4 6.2 3.8 3.9 Suppliers 0.4 0.4 0.3 0.3 0.2 0.4 0.1 0.2 Financial Markets - 0.9 1.5 2.3 4.3 5.7 3.6 3.6 73 MAURITANIA (USs Mi llions) 1972 1974 1975 1977 1978 1979 1980 1981 NET TRANSFERS -5.2 46.0 i07.6 46.3 39.8 15.5 108.2 119.8 Official Creditors 0.3 45.7 107.9 33.4 84.6 55.7 109.2 144-0 Multilateral 0.8 3.8 20.6 18.6 33.3 10.2 28.8 32.1 IBRD - - - - - 9.6 IDA 0.4 0.7 4.4 5.5 5.5 3.9 3.6 6.0 Bilateral -0.5 41.9 87.3 14.9 51.3 45.5 80.4 111.9 Private Creditors -5.5 0.3 -0.3 12.9 15.2 -40.2 -1.0 -24.2 Suppliers -5.5 0.1 47.4 7.6 1.1 -1.7 1.6 3.3 Financial Markets 0.0 0.2 2.3 15.3 14.1 -18.6 -2.5 -17.5 TOTAL DEBT SERVICE(TDS) 10.9 14.2 77.4 41.1 26.2 66.1 30.0 54.0 Official Creditors 5.2 9.1 11.7 17.7 11.8 12.0 12.9 20.7 Multilateral 0.0 1.8 0.7 0.8 1.6 3.7 4.5 6.3 IBRD - - - - - - - 0.9 IDA - 0.1 0.3 0.4 0.3 0.5 0.6 0.4 Bilateral 5.! 7.4 11.0 16.9 10.2 8.3 8.4 14n4 Private Creditors 5.7 5.1 65.7 23.5 14.4 54.1 17.0 33.3 Suppliers 5.7 2.0 2.0 2.1 1.2 1.7 1.0 1.3 Financial Markets 0.0 3.1 13.7 11.4 13.2 32.4 16.0 21.9 AVERAGE TERMS: PUBLIC DEBT NEW COMMITMENTS ALL CREDITORS Interest (%) 5.9 1.5 4.3 5.7 5.1 4.3 3.4 2.7 Maturity (years) 8.0 27.4 17.6 13.4 15.8 20.1 19.4 19.9 Grace Period (years) 2.4 10.6 4.1 4.1 5.8 5.3 6.3 5.2 Grant Element (%) 15.1 67.5 36.9 24.0 35.3 38.1 43.8 47.6 OFFICIAL CREDITORS Interest (%) 3.8 0.7 3.6 4.1 3.7 4.2 2.6 2.6 Maturity (years) 16.3 30.1 19.8 18.2 17.9 20.4 21.2 20.1 Grace Period (years) 4.1 11.9 4.6 5.1 6.7 5.4 7.1 5.2 Grant Element (%) 36.3 75.4 42.9 36.7 43.4 38.8 50.8 48.5 PRIVATE CREDITORS Interest (%) 6.3 7.4 7.5 7.9 12.3 6.1 7.5 6.1 Maturity (years) 6.7 6.8 6.7 6.7 5.3 14.2 11.0 11.4 Grace Period (years) 2.1 1.2 2.0 2.7 1.3 4.7 3.0 3.7 Grant Element (%) 11.8 7.9 7.7 6.5 -6.1 21.8 11.3 20.7 MAJOR ECONOMIC AGGREGATES (U.S. $ MILLIONS) Gross Nat. Product GNP) 211 380 499 490 505 560 652 706 Exports of G. & S. XGS .. 215 204 183 156 201 264 Imports of G. & S. MGS .. 235 439 427 397 435 528 Intl. Reserves (RES) 14 104 82 51 81 118 146 166 PRINCIPAL RATIOS DOD/XGS (%) .. 78.5 192.4 251.6 378.5 307.7 274.4 DOD/GNP l%) 26.9 44.3 78.7 93.9 117.1 110.5 111.0 117.2 TDS/XGS %) .. 6.6 37.9 22.5 16.8 32.9 11.4 TDS/GNP %) 5.2 3.7 15.5 8.4 5.2 11.8 4.6 7.7 INT/XGS %) .. 2.0 3.8 5.0 6.2 7.7 4.9 INT/GNP (%) 0.9 1.1 1.6 1.9 1.9 2.8 2.0 2.6 RES/DOD &%) 23.8 61.6 20.9 11.1 13.8 19.1 20.2 20.1 RES!MGS vmonths) .. 5.3 2.2 1.4 2.5 3.3 3.3 MEMORANDA Proportion of Disbursed Debt Concassional Loans (%) 60.5 65.7 53.1 54.4 57.1 64.8 68.9 68.8 Var. Int. Rate Loans (% - 0.4 0.1 2.1 5.1 3.3 2.4 0.7 Use of IMF Credit(US$ mil) - - 13.7 20.1 21.7 20.8 33.7 34.7 1982 1983 1984 1985 1986 1987 1988 1989 PROJECTED PUBLIC DEBT SERVICE TOTAL DEBT SERVICE 64.6 106.4 79.0 109.9 174.3 121.4 119.2 109.5 Principal 36.6 74.8 46.1 74.3 140.4 92.8 93.9 87.8 Interest 28.1 31.6 32.9 35.6 33.8 28.5 25.2 21.7 OFFICIAL CREDITORS 51.0 94.8 65.0 95.1 160.5 108.4 106.4 97.4 Principal 28.3 68.5 37.1 64.0 130.7 83.5 84.3 78.2 Interest 22.7 26.4 28.0 31.1 29.8 24.9 22.1 19.1 PRIVATE CREDITORS 13.6 11.5 13.9 14.8 13.8 13.0 12.8 12.2 Principal 8.3 6.3 9.0 10.3 9.8 9.4 9.6 9.6 Interest 5.4 5.2 4.9 4.5 4.0 3.6 3.1 2.6 74 MAURITIUS (USS Millions) 1972 1974 1976 1977 1978 1979 1980 1981 TOTAL DEBT OUTSTANDING D!SBURSED ONLY TOTAL DEBT 35.7 47.8 64.5 83.0 164.5 244.8 313.8 344.5 Puolic / Publicly Guar. 32.6 40.9 50.2 70.6 151.S 226.3 294.8 325.5 Private Non-guaranteed 3.1 6.9 14.3 12.4 12.6 18.5 19.0 19.0 PUBLIC / PUBLICLY GUARANTEED DEBT DEBT OUTS. INC. UNDISB. 87.8 126.3 147.8 227.6 304.4 383.3 485.2 486.9 Official Creditors 79.9 119.1 140.5 185.6 255.9 282.3 349.2 362.3 Multilateral 13.8 43.2 70.5 87.7 139.4 138.8 177.1 202.8 IBRD 5.0 22.8 33.0 39.7 69.2 67.8 72.3 100.6 IDA 8.8 20.4 20.4 20.4 20.4 20.4 20.4 20.4 Bilateral 66.2 75.9 70.0 97.9 116.5 143.5 172.1 159.5 Private Creditors 7.9 7.1 7.3 42.0 48.6 100.9 136.0 124.7 Suppliers - - 4.7 5.0 5.2 7.3 5.6 3.6 Financial Markets 7.9 7.1 2.6 37.0 43.4 93.6 130.4 121.1 DEBT OUTS. DISB. (DOD) 32.6 40.9 50.2 70.6 151.9 226.3 294.8 325.5 Official Creditors 24.7 33.8 47.7 70.6 109.8 134.1 162.0 203.0 Multilateral 6.4 9.4 25.7 38.5 64.7 77.0 8B.2 115.8 IBRD 5.C 4.3 9.7 15.4 22.3 29.7 34.8 55.5 !DA 1.4 5.1 11.0 15.0 18.8 19.2 20.4 20.4 Bilateral 18.3 24.4 21.9 32.1 45.1 57.2 73.8 87.3 Private Creditors 7.9 7.1 2.6 - 42.2 92.2 132.9 122.4 Suppliers - - - - 5.2 4.2 2.9 1.4 Financial Markets 7.9 7.1 2.6 - 37.0 88.0 130.0 121.0 COMMITMENTS 42.9 22.7 23.0 74.1 68.4 73.9 121.2 59.0 Official Creditors 42.9 22.7 23.0 37.1 62.4 21.0 76.0 59.0 Multilateral 3.5 22.0 11.3 16.8 49.5 - 43.7 35.4 IBRD - 18.5 3.6 7.5 30.2 - 6.0 30.0 IEA 3.5 3.5 - - - - Bilateral 39.4 0.7 11.7 20.3 12.9 21.0 32.3 23.6 Private Creditors - - - 37.0 e.0 52.9 45.2 - Suppliers - - - - - 2.9 0.2 - Financial Markets - - - 37.0 6.0 50.0 45.0 - DISBURSEMENTS 2.6 7.4 10.6 21.6 80.0 76.0 84.9 64.3 Official Creditors 2.6 7.4 10.6 21.6 37.8 25.0 34.8 64.0 Multilateral 0.8 2.3 7.5 13.2 26.1 13.4 14.6 32.2 IBRD - - 2.3 6.4 7.6 8.8 6.6 22.3 IDA 0.8 2.3 3.0 4.0 3.8 0.4 1.2 - Bilateral 1.8 5.1 3.1 8.3 11.7 11.6 20.2 31.8 Private Creditors - - - - 42.2 51.0 50.2 0.2 Suppliers - - - - 5.2 - 0.2 - Financial Markets - - - - 37.0 51.0 50.0 0.2 PRINCIPAL REPAYMENTS 0.9 1.4 1.7 4.4 3.3 5.7 13.3 15.0 Official Creditors 0.9 1.4 1.7 1.7 2.9 4.6 4.5 5.8 Multilateral 0.3 0.4 0.6 0.7 0.8 1.6 2.1 2.7 I2RD 0.3 0.4 0.6 0.7 0.7 1.4 1.6 1.6 IDA - - - - - - - 0.0 Bilateral 0.6 1.0 1.1 1.0 2.1 3.0 2.4 3.1 Private Creditors - - - 2.6 0.4 1.1 8.8 9.2 Suppliers - - - 0.4 1.1 1.2 0.9 Financial Markets - - - 2.6 - - 7.6 8.3 NET FLOWS 1.7 6.0 8.9 17.2 76.7 70.3 71.6 49.3 Official Creditors 1.7 6.0 8.9 19.8 34.9 20.4 30.2 58.2 Multilateral 0.5 1.9 7.0 12.5 25.3 11.8 12.5 29.6 IBRD -0.3 -0.4 1.7 5.6 6.9 7.5 5.1 20.7 ID0 0.8 2.3 3.0 4.0 3.8 0.4 1.2 0.0 Bilateral 1.2 4.1 2.0 7.3 9.7 8.6 17.8 28.7 Private Creditors - - - -2.6 41.8 49.9 41.4 -8.9 Suppliers - - - - 4.8 -1.1 -1.0 -0.9 Financial Markets - - - -2.6 37.0 51.0 42.3 -8.0 INTEREST PAYMENTS(INT) 1.3 1.6 1.7 2.1 7.4 13.1 18.9 32.4 Official Creditors 0.9 1.2 1.6 2.0 3.7 5.5 6.5 7.7 Multilateral 0.3 0.3 0.8 1.2 2.3 3.4 3.9 4.6 IBRD 0.3 0.3 0.7 1.0 1.6 2.4 2.7 3.0 IDA 0.0 0.0 0.1 0.1 0.1 0.1 0.1 0.1 Bilateral 0.6 0.8 0.8 0.7 1.4 2.1 2.6 3.1 Private Creditors 0.5 0.4 0.1 0.1 3.7 7.6 12.4 24.7 Suppliers - - - - 0.1 0.3 0.3 0.2 Financial Markets 0.5 0.4 0.1 0.1 3.5 7.3 12.1 24.6 MAURITIUS (USS Millions) 1972 1974 1976 1977 1978 1979 1980 1981 NET TRANSFERS 0.4 4.4 7.2 15.1 69.4 57.1 52.7 16.9 Official Creditors 0.8 4.8 7.4 17.9 31.2 14.9 23.7 50.6 Multilateral 0.2 1.E 6.2 11.2 23.0 8.4 8.6 25.0 IBRD -0.6 -0.7 1.0 4.7 5.2 5.0 2.3 17.7 IDA 0.8 2.3 2.9 3.9 3.7 0.3 1.1 -0.2 Bilateral 0.6 3.2 1.2 6.6 8.3 6.4 15.1 25.6 Private Creditors -0.5 -0.4 -0.1 -2.8 38.1 42.2 29.0 -33.6 Suppliers - - - - 4.7 -1.5 -1.2 -1.1 Financial Markets -0.5 -0.4 -0.1 -2.8 33.5 43.7 30.2 -32.6 TOTAL DEBT SERVICE(TDS) 2.3 3.0 3.4 6.5 10.6 18.8 32.2 47.4 Official Creditors 1.8 2.6 3.2 3.7 6.5 10.1 i1.0 13.5 Multilateral 0.6 0.7 1.4 2.0 3.1 5.0 6.0 7.3 IBRD 0.6 0.7 1.3 1.7 2.4 3.8 4.3 4.6 IDA 0.0 0.0 0.1 0.1 0.1 0.1 0.1 0.2 Bilateral 1.2 1.9 1.9 1.7 3.5 5.2 5.1 6.2 Private Creditors 0.5 0.4 0.1 2.8 4.1 8.7 21.2 33.9 Suppliers - - - - 0.5 1.5 1.4 1.1 Financial Markets 0.5 0.4 0.1 2.8 3.5 7.3 19.7 32.8 AVERAGE TERMS: PUBLIC DEBT NEW COMMITMENTS ALL CREDITORS Interest (%) 0.8 6.2 5.9 7.7 5.4 10.3 10.4 7.3 Maturity (veers) 26.0 27.7 16.1 12.8 16.8 9.8 13.3 18.2 Grace Period (years) 14.0 6.0 6.0 3.8 4.3 4.1 4.3 4.7 Grant Element (%) 77.6 28.6 25.0 13.2 26.8 0.9 7.5 16.9 OFFICIAL CREDITORS Interest (%) 0.8 6.2 5.9 6.0 5.1 5.9 5.6 7.3 Maturity (years) 26.0 27.7 16.1 18.0 17.7 16.7 18.2 18.2 Grace Period (years) 14.0 6.0 6.0 4.6 4.5 5.6 5.3 4.7 Grant Element (%) 77.6 28.6 25.0 24.7 28.8 25.7 27.7 16.9 PRIVATE CREDITORS Interest (%) - - - 9.3 8.4 12.0 18.4 - Maturity (years) - - - 7.5 7.6 7.1 5.0 - Grace Period (years) - - - 3.0 1.7 3.5 2.5 - Grant Element (%) - - - t.7 5.5 -9.0 -26.5 - MAJOR ECONOMIC AGGREGATES (U.S. $ MILLIONS} Gross Nat. Product (GNP) 269 566 621 749 906 1,053 969 1,049 Exponts of G. & S. (XGS) 145 376 340 406 445 507 *578 496 Jmports of G. & S. (MGS) 138 337 383 497 578 666 718 671 Intl. Reserves (RES) 70 131 90 68 53 48 113 50 PRINCIPAL RATIOS DDD/XGS %) 22.5 10.9 14.8 17.4 34.1 44.7 51.0 65.6 DOD/GNP %) 12.1 7.2 8.1 9.4 16.8 21.5 30.4 31.0 TDS/XGS %) 1.6 0.8 1.0 1.6 2.4 3.7 5.6 9.6 TDS/GNP % 0.8 0.5 0.5 0.9 1.2 1.8 3.3 4.5 INT/XGS % 0.9 0.4 0.5 0.5 1.7 2.6 3.3 6.5 INT/GNP % 0.5 0.3 0.3 0.3 0.8 1.2 1.9 3.1 RES/DOD %I 215.1 320.3 178.2 96.2 35.1 21.4 38.3 15.4 RES/MGS months) 6.1 4.7 2.8 1.6 1.1 0.9 1.9 0.9 MEMORANDA Proportion of Disbursed Debt Concessional Loans (%) 28.1 45.2 56.3 52.1 38.8 27.2 26.4 29.9 Var. Int. Rate Loans (%) - - - - 24.4 38.9 42.6 36.2 Use of IMF Credit(US$ mil) - - - 13.4 14.6 51.8 90.2 148.7 1982 1983 1984 1985 1986 1987 1988 1989 PROJECTED PUBLIC DEBT SERVICE TOTAL DEBT SERVICE 54.5 78.9 76.5 71.7 4S.6 39.3 38.0 34.8 Principal 23.tl 48.3 50.6 51.3 31.3 25.9 26.0 24.3 Interest 31.4 30.7 26.0 20.4 15.3 13.4 12.0 10.5 OFFICIAL CREDITORS 20.6 26.8 31.1 35.1 38.6 38.9 37.7 34.8 Principal 8.8 12.5 15.7 19.6 24.0 25.5 25.8 24.3 Interest 11.8 14.4 15.4 15.5 14.7 13.4 12.0 10.5 PRIVATE CREDITORS 33.9 52.1 45.4 36.6 7.9 0.5 0.2 - Principal 14.4 35.8 34.8 31.7 7.3 0.4 0.2 - Interest 19.6 16.3 10.6 4.9 0.6 0.0 0.0 - 76 MAURITIUS (US$ Millions) 1972 1974 1976 1977 1978 1979 1980 1981 PRIVATE NON-GUARANTEED DEBT DEBT OUTS.DISB. ONLY 3.1 6.9 14.3 12.4 12.6 18.5 19.0 19.0 Official Sources - - - - - - Private Sources 3.1 6.9 14.3 12.4 12.6 18.5 19.0 19.0 Fcreign Parent Comp. .. .. .. .. 3.0 6.' 7.2 7.2 Financial Institutions .. .. .. .. 6.2 4.5 2.9 2.9 Suppliers .. .. .. .. 3 4 7.9 8.9 8.9 DISBURSEMENTS 0.2 0.4 1.9 1.9 3.3 10.4 3.1 6.4 Official Sources - - - - - - - - Private Sources 0.2 0.4 1.9 1.9 3.3 10.4 3.1 6.4 Foreign Parent Comp. .. . .. .. 0.4 3.8 0.6 0.3 Financial Institutions .. .. .. .. 0.7 1.3 0.3 0.4 Suppliers .. .. .. .. 2.2 5.3 2.2 5.7 PRINCIPAL REPAYMENTS 1.1 0.6 4.0 3.8 4.4 4.6 4.0 4.9 Official Sources - - - - - - - - Private Sources 1.1 0.6 4.0 3.8 4.4 4.6 4.0 4.9 Foreign Parent Comp. .. .. .. .. 0.3 0.4 0.3 0.2 Financial Institutions .. .. .. .. 3.9 3.3 i.6 2.0 Suppliers .. .. .. .. 0.2 0.9 2.1 2.7 NET FLOWS -0.9 -0.2 -2.1 -1.9 -1.1 5.8 -0.9 1.5 Official Sources - - - - - - - - Private Sources -0.9 -0.2 -2.i -1.9 -1.1 5.8 -0.9 1.5 Foreign Parent Comp. .. .. .. .. 0.1 3.4 0.3 0.1 Financial Institutions .. .. .. .. -3.2 -2.0 -t.3 1.6 Suppliers . . .. .. . . 2.0 4.4 0.1 3.0 INTEREST PAYMENTS 0.1 - 0.6 1.1 1.0 1.0 1.9 1.6 Official Sources - - - - - - - - Private Sources 0.1 - 0.8 1.1 1.0 1.0 1.9 1.6 Foreign Parent Comp. .. .. .. .. 0.1 0.1 0.2 0.3 Financial Instifutions .. .. .. .. 0.9 0.7 0.4 0.6 Suppliers .. .. .. .. - 0.2 1.3 0.7 NET TRANSFERS -1.0 -0.2 -2.9 -3.0 -2.1 4.8 -2.8 -0.1 Official Sources - - - - - - - - Private Sources -1.0 -0.2 -2.9 -3.0 -2.1 4.8 -2.8 -0.1 Foreign Parent Comp. .. .. .. .. - 3.3 0.1 -0.2 Financial Institutions .. .. .. .. -4.1 -2.7 -1.7 -2.2 Suppliers .. .. .. .. 2.0 4.2 -1.2 2.3 TOTAL DEBT SERVICE 1.2 0.6 4.8 4.9 5.4 5.6 5.9 6.5 Official Sources - - - - - - - - Private Sources 1.2 0.6 4.8 4.9 5.4 5.6 5.9 6.5 Foreign Parent Comp. .. .. .. . 0.4 0.5 0.5 0.5 Financial Institutions .. .. .. . 4.8 4.0 2.0 2.6 Suppliers .. .. .. .. 0.2 1.1 3.4 3.4 1982 1983 1984 1985 1986 1987 1988 1989 PROJECTED NON-GUARANTEED DEBT SERVICE TOTAL DEBT SERVICE 5.5 4.3 3.1 2.1 1.2 0.7 0.7 0.5 Principal 4.5 3.6 2.7 1.8 1.0 0.6 0.6 0.4 Interest 1.0 0.7 0.4 0.3 0.2 0.1 0.1 0.1 /l MAURITIUS (USS Millions) 1972 1974 1976 1977 1978 1979 1980 19S1 PUBLIC AND PRIVATE DEBT DEBT OUTS.DISB. ONLY 35.7 47.8 64.5 83.0 164.5 244.E 313.B 344.5 DISBURSEMENTS 2.8 7.8 12.5 23.5 83.3 86.4 88.0 70.7 PRINCIPAL REPAYMENTS 2.0 2.0 5.7 8.2 7.7 10.3 17.3 19.9 NET FLOWS 0.8 5.8 6.8 15.3 75.6 76.1 70.7 50.8 INTEREST PAYMENTS 1.4 1.6 2.5 3.2 8.4 14.1 20.8 34.0 NET TRANSFERS -0.6 4.2 4.3 12.1 67.3 61.9 49.9 16.8 TOTAL DEBT SERVICE 3.5 3.e 8.2 11.4 16.0 24.4 38.1 53.9 1982 1983 1984 1985 1988 1987 198S 1989 PROJECTED PUBLIC AND PRIVATE DEBT SERVICE TOTAL DEBT SERVICE 60.0 83.2 79.6 73.8 47.8 40.0 38.7 35.3 PRINCIPAL 27.6 51.9 53.3 53.1 32.3 26.5 26.6 24.7 INTEREST 32.4 31.4 26.4 20.7 15.5 13.5 12.1 10.6 78 NIGER (USS l1ions) 1972 1974 1976 1977 1978 1979 1980 1981 TOTAL DEBT OUTSTANDING DISBURSED ONLY TOTAL DEBT .. .. . .. .. Public / Publicly Guar. 53.9 91.8 129.8 118.4 197.4 263.0 399.3 605.3 Private Non-guaranteed .. .. .. .. .. .. PUBLIC / PUBLICLY GUARANTEED DEBT DEBT OUTS. INC. UNDISB. 93.4 186.0 269.3 270.6 406.3 527.5 828.1 915.3 Official Creditors 69.7 170.8 262.2 263.4 359.6 397.2 571.5 650.5 Multilateral 16.0 28.3 79.1 97.2 136.8 220.3 302.5 344.6 IBRD - - - - - - - - IDA 14.5 23.8 55.3 55.2 64.6 101.5 138.1 158.1 Bilateral 53.6 142.5 183.1 166.2 222.8 176.8 269.0 305.9 Private Creditors 23.7 15.2 7.1 7.2 46.7 130.3 256.6 264.8 Suppliers 18.8 9.5 3.5 4.4 39.0 57.7 52.4 61.3 Financial Markets 5.0 5.7 3.6 2.8 7.7 72.6 204.2 203.5 DEBT OUTS. DISB. (DOD) 53.9 91.8 129.8 118.4 197.4 263.0 399.3 605.3 Official Creditors 50.2 80.4 122.7 113.6 171.6 199.9 276.6 382.2 Multilatera7 9.6 19.1 28.9 38.9 66.6 108.9 161.8 203.8 IRRO - - - - - - - - IDA 9.6 15.9 21.8 28.0 36.5 48.1 66.1 78.6 Bilateral 40.6 61.2 93.8 74.6 105.0 90.9 114.8 178.4 Private Creditors 3.7 11.5 7.1 4.8 25.8 63.1 122.7 223.2 Suppliers 3.6 9.5 3.5 2.0 18.1 47.3 48.4 58.2 Financial Markets 0.1 1.9 3.6 2.8 7.7 15.8 74.3 165.0 COMMITMENTS 8.2 68.0 69.4 40.3 112.6 190.5 362.5 218.3 Official Creditors 3.2 67.9 68.7 38.0 74.5 106.0 214.2 162.1 Multilateral. 0.4 5.9 43.3 17.6 36.6 82.5 101.8 75.2 IBRD - - - - - - - - IDA - 5.0 31.5 - 9.5 37.0 36.7 20.4 Bilateral 2.7 62.0 25.4 20.4 37.9 23.5 112.4 86.9 Private Creditors 5.0 O.1 0.6 2.3 38.1 84.5 148.4 56.2 Suppliers - 0.1 - 2.3 32.5 19.3 2.5 19.0 Financial Markets 5.0 - 0.6 - 5.6 65.2 145.8 37.2 DISBURSEMENTS 12.9 27.2 27.0 29.1 71.1 108.5 177.0 284.4 Official Creditors 9.3 19.3 25.9 29.1 49.9 68.6 106.2 159.9 Multilateral 3.0 3.5 6.9 10.4 27.1 41.7 70.1 69.9 IBRD - - - - - - - - IDA 3.0 1.8 3.7 6.2 8.5 11.7 18.2 12.6 Bilateral 6.2 15.8 19.0 18.7 22.9 26.9 36.1 90.0 Private Creditors 3.6 8.0 1.1 - 21.2 39.9 70.8 124.5 Suppliers 3.6 6.2 0.3 - 15.6 29.9 8.5 19.0 Financial Markets 0.1 1.7 0.8 - 5.6 10.0 62.4 105.5 PRINCIPAL REPAYMENTS 1.7 2.5 6.7 6.1 5.5 6.4 22.9 29.3 Official Creditors 1.5 2.1 3.3 3.6 3.8 2.3 17.4 23.8 Multilateral - - 0.0 0.5 0.2 0.3 14.6 21.2 IBRD - - - - - - - - IDA - - 0.0 0.0 0.0 0.1 0.1 0.2 Bilateral 1.5 2.1 3.3 3.1 3.6 2.0 2.8 2.7 Private Creditors 0.1 0.5 3.4 2.5 1.7 4.0 5.4 5.5 Suppliers 0.1 0.4 2.8 1.6 0.7 2.1 3.6 1.4 Financial Markets - 0.0 0.6 0.9 1.0 1.9 1.8 4.0 NET FLOWS 11.2 24.7 20.2 23.0 65.6 102.1 154.2 255.1 Official Creditors 7.7 17.2 22.6 25.5 46.1 66.2 88.7 136.1 Multilateral 3.0 3.5 6.8 9.9 26.8 41.3 55.5 48.7 IBRD - - - - - - - - IDA 3.0 1.8 3.6 6.2 8.5 11.6 18.1 12.5 Bilateral 4.7 13.7 15.7 15.6 19.3 24.9 33.2 87.3 Private Creditors 3.5 7.5 -2.3 -2.5 19.5 35.9 65.4 119.1 Suppliers 3.4 5.8 -2.5 -1.6 14.9 27.9 4.8 17.5 Financial Markets 0.1 1.7 0.2 -0.9 4.6 8.1 60.6 101.5 INTEREST PAYMENTS(INT) 0.7 0.6 2.4 3.1 3.8 6.8 16.1 33.8 Official Creditors 0.6 0.6 1.9 2.6 2.9 4.6 7.4 11.5 Multilateral 0.1 0.1 0.2 0.6 0.6 1.5 2.6 4.0 IBRD - - - - - - - - IDA 0.1 0.1 0.2 0.2 0.2 0.3 0.4 0.5 Bilateral 0.6 0.4 1.7 2.1 2.3 3.1 4.8 7.6 Private Creditors 0.0 0.0 0.5 0.4 0.9 2.1 8.7 22.3 Suppliers 0.0 - 0.4 0.2 0.4 1.4 2.4 4.8 Financial Markets - 0.0 0.1 0.2 0.5 0.7 6.3 17.5 -ru NIGER (US$ M i II ions) 1972 1974 1976 1977 1978 1979 1980 1981 NET TRANSFERS 10.6 24.2 17.8 20.0 81.8 95.4 138.1 221.3 Official Creditors 7.1 16.6 20.7 22.9 43.3 61.6 81.4 124.5 Multilateral 3.0 3.3 6.6 9.4 26.3 39.8 52.9 44.7 IBRD - - - - - - - - IDA 3.0 1.7 3.5 6.0 8.3 11.3 17.7 12.0 Bilateral 4.1 13.3 14.Q 13.5 17.0 21.8 28.4 79.8 Private Creditors 3.5 7.5 -2.9 -2.9 18.6 33.8 56.7 96.8 Suppliers 3.4 5.8 -3.0 -1.8 14.5 26.5 2.4 12.8 Financial Markets 0.1 1.7 0.1 -1.1 4.1 7.3 54.3 84.1 TOTAL DEBT SERVICE(TDS) 2.3 3.1 9.2 9.1 9.3 13.1 38.9 63.1 Official Creditors 2.2 2.6 5.2 6.2 6.7 7.0 24.8 35.4 Multilateral 0.1 0.1 0.2 1.1 0.8 1.9 17.2 25.2 IBRD - - - - - - - - IDA 0.1 0.1 0.2 0.2 0.2 0.4 0.5 0.7 Bilateral 2.1 2.5 5.0 5.2 5.9 5.1 7.6 10.2 Private Creditors 0.2 0.5 3.9 2.9 2.6 6.1 14.1 27.7 Suppliers 0.2 0.4 3.2 1.8 1.1 3.5 6.0 6.2 Financial Markets - 0.0 0.7 1.1 1.5 2.7 8.1 21.5 AVERAGE TERMS: PUBLIC DEBT NEW COMMITMENTS ALL CREDITORS Interest (%o) 4.9 0.2 1.5 3.5 6.3 8.3 7.0 7.1 Maturity years) 21.5 35.6 41.0 29.3 17.2 21.5 18.2 16.8 Grace Period (years) 5.0 15.9 8.4 6.7 4.5 5.5 4.7 4.5 Grant Element (%) 34.7 87.6 71.6 50.3 24.2 22.1 21.0 22.2 OFFICIAL CREDITORS Interest (%) 1.6 0.2 1.4 3.2 5.0 2.8 5.2 5.5 Maturity years) 36.7 35.7 41.4 30.7 21.5 31.5 24.7 20.9 Grace Period (vears) 7.4 15.9 8.5 7.0 5.7 8.1 6.2 5.6 Grant Element (%) 67.4 87.8 72.3 53.1 33.9 57.9 35.3 29.8 PRIVATE CREDITORS Interest (%) 7.0 7.5 8.6 80 8.9 15.2 9.5 11.7 Maturity (years) 12.0 3.4 2.9 5.8 8.9 8.8 8.9 5.1 Grace Period (years) 3.6 0.9 0.9 1.2 2.1 2.4 2.4 1.4 Grant Element (%) 14.3 4.2 2.4 5.0 5.4 -22.7 0.3 0.3 MAJOR ECONOMIC AGGREGATES (U.S. $ MILLIONS) Gross Nat. Product (GNP) 419 548 713 882 1,222 1,547 1,807 1.648 Exports of G. & S. (XGS) 93 110 206 .. .. .. . Imports of G. & S. (MGS) 125 242 336 .. .. .. Intl. Reserves (RES) 41 46 83 102 130 137 132 110 PRINCIPAL RATIOS" DOD/XGS (% 57.9 83.7 62.9 DDD/GNP % 12.9 16.8 18.2 13 16 1 17.0 22.1 36.7 TDS/XGS % 2.5 2.8 4.4 .. .. .. . TDS/GNP % 0.6 0.6 1.3 1.0 0.8 0.8 2.2 3.8 INTJXGS % 0.7 0.5 1.2 .. .. .. . INT/GNP % 0.2 0.1 0.3 0.3 0.3 0.4 0.9 2.1 RES/DOD % 76.6 49.6 63.6 86.2 66.0 52.2 33.2 18.1 RES/MGS months) 4.0 2.3 3.0 .. .. .. MEMORANDA Proportion of Disbursed Debt Concessional Loans (%) 89.3 84.3 86.6 83.4 70.0 49.1 44.2 36.8 Var. Int. Rate Loans (%) - - 0.5 0.3 2.9 11.2 20.7 21.0 Use of IMF Credit(US$ mil - - - - - - - - 1982 1983 1984 1985 1986 1987 1988 1989 PROJECTED PUBLIC DEBT SERVICE TOTAL DEBT SERVICE 105.8 89.2 104.7 98.1 95.9 89.4 79.7 59.3 Principal 59.3 46.6 64.5 62.0 65.0 63.8 59.4 43.3 Interest 46.5 42.5 40.2 36.1 30.9 25.6 20.3 16.0 OFFICIAL CREDITORS 28.7 35.2 48.9 48.5 51.1 50.8 49.3 43.8 Principal 10.3 15.0 28.0 25.8 31.6 33.1 33.6 30.1 Interest 18.4 20.2 21.0 20.7 19.5 17.7 15.7 13.7 PRIVATE CREDITORS 77.2 53.9 55.8 51.6 44.9 38.5 30.3 15.5 Principal 49.1 31.6 36.6 36.1 33.4 30.7 25.8 13.2 Interest 28.1 22.3 19.2 15.4 11.4 7.9 4.6 2.3 80 NIGERIA (US$ Millions) 1972 1974 1976 1977 1978 1979 1980 1981 TOTAL DEBT OUTSTANDING DISBURSED ONLY TOTAL DEBT .. .. .. .. Public / Publicly Guar. 680.5 1,219.7 838.4 892.7 2,347.5 3,211.7 4,001.1 4,651.8 Private Non-guaranteed .. .. .. .. .. .. . PUBLIC / PUBLICLY GUARANTEED DEBT DEBT OUTS. INC. UNDISB. 1,067.8 1,670.5 1,299.7 1,340.0 3,316.7 7,109.2 8,366.3 11,753.9 Official Creditors 934.4 1,122.7 1,227.2 1,289.6 1,500.0 1,745.0 2,174.7 2,622.4 Multilateral 467.0 585.5 726.7 769.4 874.3 1,036.8 1,324.5 1,670.9 IBRD 424.5 533.7 677.2 721.9 793.2 954.8 1,214.2 1.573.4 IDA 37.0 39.9 39.1 38.7 38.3 37.9 37.5 37.1 Bilateral 467.5 537.2 500.4 520.2 625.6 708.2 850.2 951.4 Private Creditors 133.3 547.8 72.5 50.4 1,816.8 5,364.2 6,.191.7 9,131.6 Suppliers 91.4 77.2 57.1 45.6 36.6 28.5 08.1 12.9 Financial Markets 41.9 34.9 15.5 4.8 1,780.2 5,335.8 6,173.6 9,118.7 DEBT OUTS. DISB. (DOD) 680.5 1,219.7 838.4 892.7 2,347.5 3,211.7 4,001.1 4,651.8 Official Creditors 570.8 692.3 781.0 842.3 908.9 935.4 982.3 983.2 Multilateral 282.5 335.7 406.2 450.6 490.4 523.7 570.5 620.6 IBRD 257.4 296.8 365.3 409.5 447.1 478.2 516.6 562.2 IDA 24.4 35.6 36.5 38.5 38.3 37.9 37.5 37.1 Bilateral 288.3 356.7 374.8 391.7 418.5 411.7 411.7 362.6 Private Creditors 109.7 527.4 57.3 50.4 1,438.6 2,276.3 3,018.9 3,668.6 Suppliers 69.1 57.2 42.3 45.6 36 6 28.5 18.1 8.5 Financial Markets 40.6 34.4 15.1 4.8 1,402.0 2,247.8 3,000.8 3,660.2 COMMITMENTS 210.6 99.5 36.0 62.0 1,995.9 3,718.7 1,543.9 4.255.6 Official Creditors 178.6 94.3 36.0 62.0 221.2 285.7 521.1 589.5 Multilateral 125.0 25.7 36.0 62.0 122.0 182.0 321.1 388.0 IBRD 119.6 20.0 36.0 62.0 90.0 182.0 286.3 388.0 IDA - - - - - - - - Bilateral 53.5 68.6 - - 99.3 103.7 200.1 201.5 Private Creditors 32.1 5.2 - - 1,774.7 3,432.9 1,122.7 3,666.2 Suppliers 13.9 5.2 - - - - - 4.4 Financial Markets 18.1 - - - 1,774.7 3,432.9 1,122.7 3,661.7 DISBURSEMENTS 148.2 92.2 91.4 88.6 1,470.8 901.6 945.0 1,163.9 Official Creditors 117.9 86.5 73.8 73.8 71.9 73.4 99.0 93.2 Multilateral 71.8 44.7 56.2 64.0 59.0 54.2 73.3 82.4 IBRD 66.9 39.3 54.2 61.5 55.8 51.4 62.9 74.4 IDA 4.2 3.8 0.5 2.4 0.2 - - - Bilateral 46.1 41.8 17.6 9.8 12.9 19.2 25.7 10.8 Private Creditors 30.3 5.7 17.6 14.9 1,398.9 828.2 846.0 1,070.7 Suppliers 12.7 4.9 17.6 14.9 - - *- - Financial Markets 17.7 0.7 - - 1,398.9 828.2 846.0 1,070.7 PRINCIPAL REPAYMENTS 38.2 133.5 335.9 61.9 54.6 57.4 65.7 361.2 Official Creditors 18.3 26.8 27.0 37.6 39.5 44.1 48.7 52.5 Multilateral 6.7 11.0 14.7 19.7 19.5 21.1 25.4 29.7 IBRD 6.7 11.0 14.0 17.3 18.1 20.4 24.4 28.8 IDA - - 0.4 0.4 0.4 0.4 0.4 0.4 Bilateral 11.5 15.8 12.3 17.9 20.0 22.9 23.3 22.8 Private Creditors 19.9 106.7 308.9 24.3 15.1 13.3 17.0 308.7 Suppliers 14.1 13.7 18.9 13.7 12.9 9.4 8.2 6.1 Financial Markets 5.8 6.0 12.8 10.6 2.2 3.9 8.8 302.6 NET FLOWS 110.0 -41.3 -244.5 26.7 1,416.3 844.2 879.3 802.7 Official Creditors 99.6 59.7 46.8 36.1 32.4 29.3 50.3 40.7 Multilateral 65.0 33.8 41.5 44.3 39.6 33.1 47.9 52.7 IBRD 60.2 28.3 40.2 44.1 37.7 31.1 38.4 45.6 IDA 4.2 3.8 0.1 2.0 -0.2 -0.4 -0.4 -0.4 Bilateral 34.6 25.9 5.3 -8.1 -7.2 -3.8 2.4 -12.0 Private Creditors 10.4 -101.0 -291.3 -9.4 1,383.9 814.9 829.0 762.0 Supp.iers -1.4 -8.7 -1.3 1.2 -12.9 -9.4 -8.2 -6.1 Financial Markets 11.8 -5.3 -12.8 -10.6 1,396.7 824.3 837.2 768.1 INTEREST PAYMENTS(INT) 26.3 35.7 38.9 44.2 49.5 180.2 433.9 495.3 Official Creditors 22.5 30.6 34.9 41.9 46.4 59.5 65.7 63.0 Multilateral 14.0 20.9 26.1 30.3 34.1 46.1 45.5 44.5 IBRO 13.7 20.5 25.7 29.8 33.6 45.0 44.7 43.3 IDA 0.2 0.2 0.3 0.3 0.3 0.3 0.3 0.3 Bilateral 8.6 9.8 8.9 11.6 12.2 13.4 20.2 18.5 Private Creditors 3.8 5.0 3.9 2.3 3.1 120.7 368.3 432.3 Suppliers 2.5 3.1 2.5 1.8 2.8 2.3 1.7 0.9 Financial Markets 1.3 1.9 1.4 0.5 0.3 118.4 366.5 431.4 81 NIGERIA (USS Milliois) 1972 1974 1976 1977 1978 1979 1980 1981 NET TRANSFERS 83.7 -77.0 -283.4 -17.5 1,356.8 664.0 445.3 307.4 Official Creditors 77.1 29.1 11.9 -5.8 -14.0 -30.2 -15.4 -22.3 Multilateral 51.1 12.9 15.4 14.0 5.4 -13.0 2.4 8.2 IBRO 46.5 7.8 14.6 14.A 4.1 -13.9 -6.3 2.3 IDA 4.0 3.6 -0.2 1.7 -0.5 -0.7 -0.7 -0.7 Bilateral 26.0 16.2 -3.6 -19.7 -19.4 -17.2 -17.8 -30.5 Private Creditors 6.6 -106.1 -295.2 -11.8 1,380.8 694.2 460.7 329.7 Suppliers -3.9 -11.9 -3.8 -0.6 -15.7 -11.7 -9.9 -7.1 Financial Markets 10.5 -7.2 -14.3 -11.2 1,396.4 705.9 470.7 336.7 TOTAL DEBT SERVICE(TDS) 64.5 169.2 374.8 106.2 104.0 237.6 49S.7 856.5 Official Creditors 40.8 57.4 61.9 79.5 85.9 103.6 114.4 115.5 Multilateral 20.7 31.8 40.8 50.0 53.6 67.2 70.9 74.2 IBRD 200.5 31.5 39.6 47.1 51.7 65.4 69.2 72.1 IDA 0.2 0.2 0.7 0.7 0.7 0.7 0.7 0.7 Bilateral 6 20.1 25.6 21.1 29.5 32.3 36.4 43.5 41.3 Private Creditors 23.7 111.8 312.9 26.6 18.2 134.0 385.3 741.0 Suppliers 16.5 16.8 21.4 15.5 15.7 11.7 9.9 7.1 Financial Markets 7.2 7.9 14.3 11.2 2.5 122.3 375.4 734.0 AVERAGE TERMS: PUBLIC DEBT NEW COMMITMENTS ALL CREDITORS Interest (%) 6.1 4.3 8.5 8.2 10.1 12.0 12.3 13.7 Maturity (years) 22.6 24.0 18.6 19.7 8.0 8.6 10.7 9.9 Grace Period (years) 5.8 6.8 4.1 5.2 3.0 3.7 3.7 3.8 Grant Element (%) 26.1 41.8 8.2 10.7 -1.4 -9.4 -10.1 -15.8 OFFICIAL CREDITORS Interest (%) 6.0 4.2 8.5 8.2 7.0 5.9 8.0 8.3 Maturity years) 25.5 24.9 18.6 19.7 12.6 15.4 16.3 19.2 Grace Period (years) 6.6 7.0 4.1 5.2 3.6 4.7 3.9 5.4 Grant Element (%) 29.0 43.3 8.2 10.7 14.9 20.6 10.1 10.2 PRIVATE CREDITORS Interest (%) 6.6 6.5 - - 10.5 12.5 14.2 14.5 Maturity (years) 6.9 8.4 - - 7.5 8.1 8.0 8.4 Grace Period (years) 1.4 2.9 - - 3.0 3.6 3.6 3.6 Grant Element (%) 9.9 13.7 - - -3.4 -11.9 -19.5 -20.0 MAJOR ECONOMIC AGGREGATES (U.S. $ MILLIONS Gross Nat. Product (GNP) 14,204 29,391 43,831 49,750 53,418 66,564 79,755 71,020 Exports of G. & S. XGS) 2.316 10.048 10.924 13,277 11,535 18,074 25,392 18.677 Imports of G. & S. (MGS 2.636 5.052 11.125 14,102 15,027 16,007 21,922 23.501 Intl. Reserves (RES) 390 5,708 5,257 4,336 2,029 5,900 10,640 4,168 PRINCIPAL RATIOS DDD/XGS %) 29.4 12.1 7.7 6.7 20.4 17.8 15.8 24.9 DDD/GNP % 4.8 4.1 1.9 1.8 4.4 4.8 5.0 6.5 TDS/XGS % 2.8 1.7 3.4 0.8 0.9 1.3 2.0 4.6 TDS/GNP % 0.5 0.6 0.9 0.2 0.2 0.4 0.6 1.2 INT/XGS % 1.1 0.4 0.4 0.3 0.4 1.0 1.7 2.7 INT/GNP % 0.2 0.1 0.1 0.1 0.1 0.3 0.5 0.7 RES/DOD % 57.3 468.0 627.1 485.7 86.4 183.7 265.9 89.6 RES/MGS months) 1.8 13.6 5.7 3.7 1.6 4.4 5.8 2.1 MEMORANDA Proportion of Disbursed Debt Concessional Loans (%) 37.1 26.9 44.0 44.1 18.2 13.2 10.7 8.1 Var. Int. Rate Loans (%) 1.5 0.7 0.7 0.6 59.8 69.1 74.2 77.2 Use of IMF Credit(US$ mil) - - - - - - - - 1982 1983 1984 1985 1986 1987 1988 1989 PROJECTED PUBLIC DEBT SERVICE TOTAL DEBT SERVICE 1,341.4 2,013.7 2,525.9 2,760.3 2,542.2 2,038.8 1,272.8 801.3 Principal 617.1 1,110.1 1,521.1 1,835.4 1,843.0 1,574.4 994.8 634.6 Interest 724.3 903.6 1.004.8 924.9 699.2 464.4 278.0 166.8 OFFICIAL CREDITORS 183.6 235.8 247.0 272.8 293.1 296.7 271.6 259.6 Principal , 110.9 143.5 139.4 155.1 172.4 179.3 160.4 156.6 Interest ' 72.8 92.4 107.6 117.7 120.7 117.4 111.1 103.1 PRIVATE CREDITORS 1,157.7 1,777.8 2,278.9 2,487.5 2,249.1 1,742.1 1,001.2 541.7 Principal 506.2 966.6 t,381.7 1,680.3 1,670.6 1,395.1 834.3 478.0 Interest 651.5 811.2 897.2 807.2 578.5 347.0 166.9 63.7 82 RWANDA (L!S$ Millions) 1972 1974 1976 tE77 1978 1979 1980 1981 TOTAL DEBT OUTSTANDING DISBURSED ONY TOTAL DEBT . Public / Publicly Guar. 3.4 12.3 47.9 74.1 99.4 125.1 157.1 172.1 Private Non-guaranteed .. .. .. .. .. . . PUBLIC / PUBLICLY GUARANTEED DEBT DEBT OUTS. INC. UNDISB. 36.9 62.4 118.2 161.4 203.0 221.6 271.2 324.7 Official Creditors 36.0 59.7 116.1 159.6 201.8 220.9 270.9 324.7 Multilateral 12.3 29.3 59.2 97.7 125.0 158.7 197.3 247.6 IBRD - - - - - - IDA 12.3 22.6 45.9 59.9 74.9 88.7 115.6 129.1 Bilateral 23.6 30.4 56.9 61.9 76.8 62.2 73.6 77.1 Private Creditors 0.9 2.8 2.1 1.7 1.3 0.8 0.3 - Suppliers 0.1 2.0 1.6 1.4 1.2 0.8 0.3 - Financial Markets 0.8 0.8 0.4 C.4 0.1 - - - DEBT OUTS. DISB. (DOD) 3,4 12.3 47.9 74.1 99.4 125.1 157.1 172.1 Official Creditors 2.4 9.5 45.8 72.4 98.1 124.3 156.7 172.1 Multilateral 1.2 8.2 25.5 37.1 53.5 79.8 105.6 119.5 IBRD - - - - - - - - IDA 1.2 8.2 21.1 30.5 37.0 47.9 58.1 65.9 Bilateral 1.2 1.4 20.3 35.3 44.6 44.5 51.1 52.6 Private Creditors 0.9 2.8 2.1 1.7 1.3 0.8 0.3 - Suppliers 0.1 2.0 1.6 1.4 1.2 0.8 0.3 - Financial Markets 0.8 0.8 0.4 0.4 0.1 - - - COMMITMENTS 26.1 14.6 27.6 37.8 32.0 37.5 55.1 71.3 Official Creditors 25.3 14.6 27.6 37.9 32.0 37.5 55.1 71.3 Multilateral 3.0 12.9 11.7 37.6 25.3 33.1 42.3 56.5 IBRD - - - - - - - - IDA 3.0 6.3 5.8 14.0 15.0 14.0 28.5 13.9 Bilateral 22.3 1.7 15.9 0.3 6.7 4.4 12.9 14.8 Private Creditors 0.8 - - - - - - - Suppliers - - - _ _ ' _ Financial Markets 0.8 - - - - - - DISBURSEMENTS 1.8 4.5 23.6 23.9 20.5 40.6 33.9 26.1 Official Creditors 0.9 4.5 23.6 23.9 20.5 40.6 33.9 26.1 Multilateral 0.9 4.5 9.6 11.4 15.8 25.8 27.3 17.3 IBRD - - - - - - - - IDA 0.9 4.5 8.4 9.3 6.5 10.9 10.3 8.0 Bilateral - - 14.0 12.4 4.7 14.8 6.7 8.8 Private Creditors 0.8 - - - - - - - Suppliers - _ Financial Markets 0.8 - - - - - - - PRINCIPAL REPAYMENTS 0.4 0.4 0.7 0.7 1.0 0.6 0.6 0.9 Official Creditors 0.2 0.3 0.3 0.3 0.4 0.0 0.3 0.6 Multilateral - - - - 0.0 0.0 0.2 0.2 IBRD - - - - - - - - IDA - - - - - - 0.1 0.2 Bilateral 0.2 0.3 0.3 0.3 0.4 0.0 0.0 0.3 Private Creditors 0.2 0.2 0.4 0.4 0.6 0.5 0.4 0.3 Suppliers 0.2 0.2 0.3 0.4 0.4 0.4 0.4 0.3 Financial Markets - - 0.1 0.1 0.2 0.1 - - NET FLOWS 1.4 4.1 23.0 23.1 19.5 40.1 33.3 25.2 Official Creditors 0.7 4.2 23.3 23.6 20.1 40.6 33.7 25.5 Multilateral 0.9 4.5 9.6 11.4 15.8 25.8 27.0 17.1 IBRD - - - - - - - - IDA 0.9 4.5 8.4 9.3 6.5 10.9 10.2 7.8 Bilateral -0.2 -0.3 13.7 12.1 4.4 14.8 6.7 8.5 Private Creditors 0.6 -0.2 -0.4 -0.4 -0.6 -0.5 -0.4 -0.3 Suppliers -0.2 -0.2 -0.3 -0.4 -0.4 -0.4 -0.4 -0.3 Financial Markets 0.8 - -0.1 -0.1 -0.2 -0.1 - - INTEREST PAYMENTS(INT) 0.1 0.0 0.3 0.6 0.7 0.7 1.2 1.8 Official Creditors 0.0 0.0 0.3 0.6 0.7 0.7 1.2 1.8 Multilateral 0.0 0.0 0.2 0.3 0.3 0.4 0.9 1.0 IBRD - - - - - - - - IDA 0.0 0.0 0.1 0.3 0.2 0.2 0.4 0.5 Bilateral 0.0 0.0 0.1 0.2 0.4 0.3 0.4 0.8 Private Creditors 0.0 - 0.0 0.0 0.0 0.0 - - Suppliers 0.0 - - - - - _ Financial Markets - - 0.0 0.0 0.0 0.0 - - 83 RWANDA (US$ Millions) 1972 1974 1976 1977 1978 1979 1980 1981 NET TRANSFERS 1.3 4.0 22.7 22.5 1a.8 39.4 32.1 23.4 Official Creditors 0.7 4.2 23.1 23.0 19.4 39.9 32.4 23.7 Multilateral 0.9 4.4 9.5 11.1 15.5 25.4 26.1 16.0 IBRD - - - - - - - - IDA 0.9 4.4 8.3 9.1 6.2 10.7 9.8 7.3 Bilateral -0.3 -0.3 13.6 11.9 3.9 14.5 6.3 7.7 Private Creditors 0.6 -0.2 -0.4 -0.5 -0.7 -0.5 -0.4 -0.3 Suppliers -0.2 -0.2 -0.3 -0.4 -0.4 -0.4 -0.4 -0.3 Financial Markets 0.8 - -0.1 -0.1 -0.3 -0.1 - - TOTAL DEBT SERVICE(TDS) 0.5 0.5 1.0 1.3 1.7 1.3 1.9 2.7 Official Creditors 0.3 0.3 0.6 0.9 1.1 0.7 1.5 2.4 Multilateral 0.0 0.0 0.2 0.3 0.3 0.4 1.1 1.2 IBRC - - - - - - - - IDA 0.0 0.0 0.1 0.3 0.2 0.2 0.5 0.7 Bilateral 0.3 0.3 0.4 0.5 0.8 0.3 0.4 1.1 Private Creditors 0.2 0.2 0.4 0.5 0.7 0.5 0.4 0.3 Suppliers 0.2 0.2 0.3 0.4 0.4 0.4 0.4 0.3 Financial Markets - - 0.1 0.1 0.3 0.1 - - AVERAGE TERMS: PUBLIC DEBT NEW COMMITMENTS ALL CREDITORS Interest (%) 0.3 0.8 1.1 1.4 2.4 0.8 1.4 1.2 Maturity years) 32.0 43.0 43.4 37.4 36.9 36.2 36.1 43.8 Grace Period (years) 14.6 9.7 8.9 8.1 8.8 8.5 8.3 9.3 Grant Element (%) 84.8 79.8 75.7 69.6 64.2 71.2 67.8 76.2 OFFICIAL CREDITORS Interest (%) 0.1 0.8 1.1 1.4 2.4 0.8 1.4 1.2 Maturity tyears) 32.9 43.0 43.4 37.4 36.9 36.2 36.1 43.8 Grace Period (years) 14.9 9.7 8.9 8.1 8.8 8.5 8.3 9.3 Grant Element (%) 87.3 79.8 75.7 69.6 64.2 71.2 67.8 76.2 PRIVATE CREDITORS Interest (%) 6.5 - - - - - - - Maturity (years) 7.0 - - - - - - - Grace Period (years) 3.5 - - - - - - - Grant Element (%) 13.0 - - - - - - - MAJOR ECONOMIC AGGREGATES fU.S. $ MILLAS) Gross Nat. Product (GNP? 247 373 662 780 871 1,042 1.153 1,268 Exports of G. & S. XGS) 23 59 124 142 132 238 184 181 Imports of G. & S. (MGS) 54 97 168 197 284 331 350 354 Intl. Reserves (RES) 6 13 64 84 89 152 187 173 PRINCIPAL RATIOS DOD/xGS % 14.6 21.0 38.7 52.2 75.0 52.6 85.6 95.1 DOD/GNP % 1.4 3.3 7.0 9.5 11.4 12.0 13.6 13.6 TDS/XGS % 2.1 0.8 0.8 0.9 1.3 0.5 1.0 1.5 TDS/GNP % 0.2 0.1 0.1 0.2 0.2 0.1 0.2 0.2 INT/XGS % 0.2 0.1 0.2 0.4 0.5 0.3 0.7 1.0 INT/GNP % - - - 0.1 0.1 0.1 0.1 0.1 RES/DOD % 188.2 105.3 134.3 112.7 89.1 121.8 118.8 100.6 RES/MGS (months) 1.4 1.6 4.6 5.1 3.7 5.5 6.4 5.9 MEMORANDA Proportion of Disbursed Debt Concessional Loans (%) 72.0 77.5 94.8 97.1 98.6 99.3 99.5 99.8 Var. Int. Rate Loans (% - - - - - - - - Use of IMF Credit(US$ mil - - - - - - - - 1982 1983 1984 1985 1986 1937 1988 1989 PROJECTED PUBLIC DEBT SERVICE TOTAL DEBT SERVICE 4.4 5.7 6.8 10.0 11.8 14.0 14.3 14.6 Principal 2.3 3.2 4.0 7.0 8.7 10.9 11.4 11.7 Interest 2.1 2.5 2.8 3.0 3.1 3.1 3.0 2.9 OFFICIAL CREDITORS 4.4 5.7 6.8 10.0 11.8 14.0 14.3 14.6 Principal 2.3 3.2 4.0 7.0 8.7 10.9 11.4 11.7 Interest 2.1 2.5 2.8 3.0 3.1 3.1 3.0 2.9 PRIVATE CREDITORS - - - - - - - - Principal Interest - - - - - - - - 84 SENEGAL (US$ Mi11ions) 1972 1974 1976 1977 1978 1979 1980 1981 TOTAL DEBT OUTSTANDING DISBURSED ONLY TOTAL DEBT 180.0 263.7 367.7 443.2 627.9 805.0 879.9 1,065.5 Public / Publicly Guar. 136.7 247.0 351.7 428.5 614.3 797.7 870.9 1,057.3 Private Non-guaranteeo 23.3 16.7 16.0 14.7 13.6 7.3 9.0 8.2 PUBLIC / PUBLICLY GUARANTEED DEBT DEBT OUTS. INC. UNDISB. 217.0 422.7 627.1 829.6 1,182.9 1,330 7 1,S31.8 1,771.3 Official Creditors 171.6 295.1 443.9 544.1 731.7 867.1 1, 170.7 1,470.5 Multilateral 60.1 96.2 184.5 228.7 297.7 373.4 528.6 688.7 IBRD 19.0 21.7 53.8 73.0 82.4 86.9 94.9 148.3 IDA 36.4 61.9 97.4 97.2 122.4 146.7 194.1 230.9 Bilateral 111.4 198.9 259.4 315.5 434.0 493.7 642.1 781.8 Private Creditors 45.4 127.6 183.2 285.4 451.2 463.5 361.1 300.8 Suppliers 20.2 21.2 32.5 68.5 82.6 94.4 63.4 36.5 Financial Markets 25.3 106.4 150.7 216.9 368.5 369.1 297.8 264.3 DEB7 OUTS. DISB. (DOD) 136.7 247.0 351.7 428.5 614.3 797.7 87C.9 1,057.3 Official Creditors 94.2 133.5 187.7 245.6 349.7 464.6 581.8 834.1 Multilateral 20.8 40.7 79.1 105.1 155.3 201.8 267.2 348.7 IBRD 2.3 3.3 14.6 27.1 32.1 40.6 56.6 76.4 IDA 15.8 31.5 55.4 62.9 71.9 87.9 99.8 146.5 Bilateral 73.3 92.8 108.7 140.5 194.4 262.9 314.6 485.4 Private Creditors 42.6 113.5 163.9 182.9 264.6 333.1 289.2 223.3 Supoliers 19.0 14.5 23.0 36.5 64.6 90.5 63.0 36.3 Financial Markets 23.6 99.0 141.0 146.4 200.0 242.6 226.2 187.0 COMMITMENTS 50.9 63.8 136.2 216.0 360.8 184.1 398.7 448.6 Official Creditors 43.6 53.4 89.4 93.2 156.6 136.3 372.9 426.4 Multilateral 27.9 8.1 48.9 43.8 68.5 77.1 165.8 187.6 IBRD 15.7 3.0 25.8 19.6 11.0 7.0 10.0 55.8 IDA 11.2 - 10.5 - 26.3 24.5 47.6 38.1 Bilateral 15.7 45.4 40.6 49.4 88.1 59.2 207.1 238.8 Private Creditors 7.3 10.3 46.8E 122.8 204.2 47.8 25.7 22.2 Suppliers 1.4 3.0 17.4 36.6 14.8 4.2 - - Financial Markets 5.9 7.4 29.5 86.1 189.4 43.6 25.7 22.2 DISBURSEMENTS 20.2 81.3 84.0 100.5 224.1 223.7 245.5 251.9 Official Creditors 11.2 35.0 31.1 58.2 94.6 117.0 168.0 244.3 Multilateral 5.1 13.7 17.0 27.0 51.6 48.9 71.2 94.5 IBRD 0.4 0.8 4.7 12.9 6.6 11.0 18.0 21.9 IDA 4.1 10.8 12.0 7.7 9.7 16.2 12.1 47.5 Bilateral 6.1 21.3 14.1 31.1 42.9 68.1 96.8 149.8 Private Creditors 9.0 46.3 52.8 42.3 129.6 106.6 77.5 7.6 Suppliers 1.7 5.7 9.6 15.3 31.3 18.2 3.4 0.1 Financial Markets 7.3 40.5 43.3 27.1 98.2 88.4 74.1 7.5 PRINCIPAL REPAYMENTS 8.3 19.6 24.7 35.7 69.0 78.5 122.9 54.3 Official Creditors 5.2 9.2 7.0 8.7 10.2 11.8 19.6 12.7 Multilateral 0.5 0.6 0.8 1.4 2.7 3.3 2.8 3.4 IBRD 0.3 0.3 0.3 0.4 1.6 2.5 2.0 2.0 IDA - - - 0.2 0.2 0.2 0.2 0.4 Bilateral 4.6 8.6 6.2 7.3 7.4 8.5 16.8 9.3 Private Creditors 3.2 10.4 17.7 26.9 58.8 66.7 103.3 41.7 Suppliers 2.5 2.8 3.2 3.6 8.3 17.5 24.0 15.6 Financial Markets 0.7 7.7 14.5 23.3 50.5 49.2 79.3 26.0 NET FLOWS 11.8 61.6 59.3 64.9 155.1 145.2 122.6 197.6 Official Creditors 6.0 25.8 24.2 49.4 84.4 105.3 148.4 231.6 Multilateral 4.6 13.1 16.2 25.6 48.9 45.6 68.4 91.1 IBRD 0.1 0.6 4.4 12.5 5.0 8.5 16.0 19.9 IDA 4.1 10.8 12.0 7.6 9.6 16.0 11.9 47.1 Bilateral 1.5 12.8 7.9 23.8 35.5 59.6 80.1 140.5 Private Creditors 5.8 35.8 35.1 15.4 70.7 40.0 -25.8 -34.0 Suppliers -0.8 2.9 6.4 11.7 23.0 0.7 -20.6 -15.5 Financial Markets 6.6 32.9 28.7 3.7 47.7 39.2 -5.2 -18.5 INTEREST PAYMENTS(INT) 4.9 13.9 18.2 20.8 30.6 44.2 56.9 44.4 Official Creditors 2.3 3.5 5.2 6.6 9.5 15.8 21.4 19.9 Multilateral 0.4 0.9 1.6 2.4 3.5 5.4 6.1 8.9 IBRD 0.2 0.4 1.0 1.6 2.5 3.3 3.8 4.4 IDA 0.1 0.2 0.3 0.4 0.5 0.6 0.6 0.8 Bilateral 1.9 2.7 3.6 4.2 6.0 10.4 15.3 11.0 Private Creditors 2.6 10.3 13.0 14.3 21.0 28.3 35.5 24.5 Suppliers 1.3 0.8 1.1 1.5 4.4 5.0 6.1 2.4 Financial Markets 1.4 9.5 11.9 12.8 16.6 23.3 29.4 22.1 85 SENcGAL (US$ Millions) 1972 1974 1976 1977 1978 1979 1980 1981 NET TRANSFERS 6.9 47.8 41.1 44.0 124.6 101.1 65.8 153.2 Official Creditors 3.7 22.3 19.0 42.8 74.9 89.4 127.0 211.8 Multilateral 4:1 t2.2 14.6 23.2 45.4 40.2 62.2 82.3 IBRD -0.1 0.2 3.5 10.9 2.5 5.2 12.1 15.4 IDA 4.0 10.6 11.7 7.2 9.1 15-4 11.3 46.3 Bilateral -0.4 10.1 4.4 19.7 29.5 49.2 64.8 129.5 P"ivate Creditors 3.2 25.5 22.1 1.2 49.7 11.6 -61.3 -58.5 Suppliers -2.1 2.1 5.3 10.3 18.6 -4.3 -26.7 -17.9 Financial Markets 5.3 23.4 16.8 -9.1 31.1 15.9 -34.5 -40.6 TOTAL DEBT SERVICE(TDS) 13.3 33.5 42.9 56.5 99.5 122.6 179.8 98.7 Official Creditors 7.5 12.7 12.2 15.3 19.7 27.6 41.0 32.5 Multilateral 0.9 1.5 2.4 3.9 6.2 8.7 9.0 12.3 IBRD 0.4 0.6 1.2 2.1 4.1 5.8 5.8 6.5 IDA 0.1 0.2 0.3 0.6 0.7 0.8 0.8 1.1 Bilateral 6.5 11.3 9.7 11.5 13.4 18.9 32.0 20.3 Private Creditcrs 5.8 20.8 30.7 41.2 79.8 95.0 138.8 66.1 Suppliers 3.7 3.6 4.3 5.0 12 7 22.5 30.1 18.0 Financial Markets 2.1 17.2 26.4 36.1 67.1 72.5 108.6 48.1 AVERAGE TERMS: PUBLIC DEBT NEW COMMITMENTS ALL CREDITORS Interest (%) 4.2 4.4 6.3 7.4 7.0 4.7 6.4 6.6 Maturity years) 29.6 21.0 19.3 11.2 12.8 20.9 21.4 19.6 Grace Period (years) 6.2 6.1 5.3 3.0 3.6 5.7 6.2 5.3 Grant Element (%) 44.9 38.5 26.6 14.0 17.7 37.5 27.0 23.2 OFFICIAL CREDITORS Interest (%) 3.6 3.6 5.1 5.8 4.2 3.0 5.9 6.4 Maturity (years) 32.3 23.8 26.1 17.8 20.1 26.2 22.4 20.0 Grace Period (years) 7.0 6.9 7.3 4.8 5.4 7.1 6.5 5.3 Grant Element (%) 51.0 45.3 38.3 27.1 37.1 50.5 29.5 24.5 PRIVATE CREDITORS Interest (%) 7.9 8.6 8.6 8.6 9.1 9.4 13.6 11.2 Maturity (years) 13.3 6,1 6.3 6.2 7.3 5.8 7.0 11.9 Grace Period (years) 1.1 1.8 1.5 1.6 2.2 1.5 2.0 5.0 Gr-ant Elemernt (%) 9.1 3.4 4.3 4.2 2.8 0.1 -10.2 -2.2 MAJOR ECONOMIC AGGREGATES W.S. S MILLIONS) Gross Nat. Product GNP) 1,062 1,361 1,897 1,944 2,034 2,849 2,968 2,535 Exports of G. & S. XGS 347 617 749 907 741 .. . Imports of G. & S. (MGS 421 766 930 1,063 1,085 .. . Intl. Reserves (RES) 39 6 25 36 24 34 25 20 PRINCIPAL RATIOSe DOD/XGS G % 39.4 40.0 47.0 47.2 82.9 .. . D)D/GNP %) 12.9 18.2 18.5 22.0 30.2 28.0 29.3 41.7 TDS/XGS %) 3.8 5.4 5.7 6.2 13.4 TDS/GNP %I 1.3 2.5 2.3 2.9 4.9 4.3 6.1 3.9 INT/XGS %I 1.4 2.2 2.4 2.3 4.1 .. . INT/GNP %) 0.5 1.0 1.0 1.1 1.5 1.5 1.9 1.8 RES/DOD %) 28.2 2.6 7.2 8.4 3.9 4.3 2.9 1.9 RES/MGS months) 1.1 0.1 0.3 0.4 0.3 .. MEMORANDA Proportion of Disbursed Debt Concessional Loans (%) 63.3 43.8 42.1 44.0 41.4 40.1 41.2 45.0 Var. Int. Rate Loans (%) 2.0 28.1 29.8 24.8 22.2 20.4 14.5 10.6 Use of -IMF Credit(US$ mil) - - 29.6 30.9 55.9 60.7 9-.9 147.8 1982 1983 1984 1985 1986 1987 1988 1989 PROJECTED PUBLIC DEBT SERVICE TOTAL DEBT SERVICE 195.4 184.8 176.0 168.0 177.6 163.3 152.5 135.5 Principal 127.2 115.0 110.0 106.0 119.5 111.0 106.4 95.3 Interest 68.1 69.5 66.0 62.0 58.2 52.2 46.1 40.1 OFFICIAL CREDITORS 74.4 97.8 116.6 128.3 155.3 149.0 142.3 128.7 Principal 31.6 46.2 62.4 73.2 101.4 99.6 98.1 89.7 Interest 42.8 51.6 54.2 55.1 54.0 49.4 44.2 39.0 PRIVATE CREDITORS 121.0 86.7 59.4 39.7 22.3 14.3 10.2 6.8 Principal 95.6 68.8 47.6 32.9 18.1 11.5 8.4 5.6 Interest 25.4 17.3 11.8 6.8 4.2 2.9 1.9 1.2 86 SENEGAL (tiSS Mi'ions) 1972 1974 1976 1977 1978 1979 1980 1981 PRIVATE NON-GUARANTEED DEBT DEBT OUTS.DISB. ONLY 23.3 16.7 16.0 14.7 13.6 7.3 9.0 8.2 Official Sources .. . .. .. 3.9 3.2 2.3 Private Sources . . .. .. 9.7 4.1 0.8 Foreign Parent Comp. .. .. Pinancial Institutions 9.5 4.1 0.8 Suppliers . . ' .. 0.2 - - DISBURSEMENTS 2.6 0.4 0.2 0.5 .. .. .. 2.5 Official Sources Private Sources Foreign Parent Como. Financial Institutions Suppliers .. .. .. .. .. .. . PRINCIPAL REPAYMENTS 2.8 4.6 1.4 1.4 3.3 .. 4.4 1.4 Official Sources .. .. .. .. 0.4 .. 1.0 Private Sources 2.9 3.4 Foreign Parent Comp. 2 3.4 Financial Institutions . 2.7 3.4 Suppliers 0.2 NET FLOWS -0.2 -4.2 -1.2 -0.9 .. .. .. 1.1 Official Sources Private Sources Foreign Parent Comp. Financial Institutions Suppliers INTEREST PAYMENTS 1.3 0.6 0.4 0.3 0.3 .. 0.2 0.4 Official Sources .. .. .. .. 0.2 .. 0.2 Private Sources .. .. .. .. 0.1. Foreign Parent Comp. . Financial Institutions 0.1 Suppliers .. .. .. .. NET TRANSFERS -1.5 -4.8 -1.6 -1.2 .. .. .. 0.7 Official Sources Private Sources ' '' Foreign Parent Comp. Financial Institutions Suppliers TOTAL DEBT SERVICE 4.1 5.2 1.8 1.7 3.6 .. 4.6 1.8 Official Sources .. .. . .. 0.6 .. 1.2 Private Sources .. .. .. .. 3.0 .. 3.4 Foreign Parent Comp. .. .. .. Financial Institutions .. .. .. .. 2.8 .. 3.4 Suppliers .. - .. .. 0.2 . 1982 1983 1984 1985 1985 1987 1988 1989 PROJECTED NON-GUARANTEED DEBT SERVICE TOTAL DEBT SERVICE .. .. .. .. .. .. Principal Interest 87 SENEGAL (US$ Mifl ons) 1972 1974 1976 1977 1978 1979 1980 1981 PUBLIC AND PRIVATE DEBT DEBT OUTS.DISB. ONLY 160.0 263.7 367.7 443.2 627.9 805.0 879.9 1,065.5 DISBURSEMENTS 22.8 81.7 84.2 101.0 .. .. .. 254.4 PRINCIPAL REPAYMENTS 11.1 24.2 26.1 37.1 72.3 .. 127.3 55.7 NET FLOWS 11.6 57.4 58.1 64.0 .. .. .. 198.7 INTEREST PAYMENTS 6.2 14.5 18.6 21.1 30.9 .. 57.1 44.8 NET TRANSFERS 5.4 43.0 39.5 42.8 .. .. .. 153.9 TOTAL DEBT SERVICE 17.4 38.7 44.7 58.2 103.1 .. 184.4 100.5 1982 1983 1984 1985 1986 1987 1988 1989 PROJECTED PUBLIC AND PRIVATE DEBT SERVICE TOTAL DEBT SERVICE .. .. .. .. .. .. PRINCIPAL .. .. .. .. .. .. INTEREST .. .. .. .. .. .. 88 SEYCHELLES (US$ Mkill ions) 1972 i974 1976 1977 1978 1979 1980 1981 TOTAL DEBT OLUTSTANDING DISBURSED ONLY TOTAL DEBT... Public / Publicly Guar.-.. 0.6 1.2 4.0 12.9 25.3 34.3 Private Non-guaranteed ... PUBLIC / PUBLICLY GUARANTEED DEBT DEBT OUTS. INC. UNDISE.. . 0.6 20.1 30.5 36.8 45.9 59.1 Official Creditors 0.6 20.1 30.5 36.8 45.9 52.8 Multi lateral .- 0.3 8.7 9.0 10.5 20.1 IBRD IDA Bilateral .... 0.6 19.8 21.8 27.8 35.4 32.7 Private Cr~editors ....- - - - - 6.3 Suppliers . .----- 6.3 Financial Markets DEBT OUTS. DISB. (DOD). . 0.6 1.2 4.0 12.9 25.3 34.3 Official Creditors.... 0.6 1.2 4.0 12.9 25.3 28.0 Multilateral . .- 0.3 0.5 1.1 4.6 7.1 !BRO IDA Bilateral .. 0.6 0.9 3.6 11.8 20.6 21.0 Private Creditors ....- - - - - 6.3 Suppliiers . .----- 6.3 Financial Markets . COMMITMENTS ....- 17.8 8.8 4.1 8.3 21.1 Official Creditors...- 17.8 8.8 4.1 8.3 14.8 Multilateral . ..- 0.3 8.1 0.2 1.7 10.4 IBR6 . !DA . Bilateral . . - 17.5 0.7 3.9 6.6 4.4 Private Creditors . . -- - - - 6.3 Suppliers ----- 6.3 Financial Markets . DISBURSEMENTS . .- 0.5 2.7 8.2 11.9 13.5 Official Creditors... - 0.5 2.7 8.2 11.9 7.2 Multilateral . . -0.3 0.2 0.6 3.6 2.7 IBRO . IDA Bilateral . . -0.2 2.5 7.6 8.3 4.5 Private Creditors . ..-- - - - 6.3 Suppliers ....----- 6.3 Financial Markets . PRINCIPAL REPAYMENTS . . 0.0 0.0 0.1 0.1 0.1 0.1 Official Creditors .. 0.0 0.0 0.1 0.1 0.1 0.1 Multilateral . IBRO IDA Bilateral... 0.0 0.0 0.1 0.1I 0.1 0.11 Private Creditors . Suppliers Financial Markets . NET FLOWS . .. 0.0 0.5 2.6 8.2 11.8 -13.5 Official Creditors.... 0.0 0.5 2.6 8.2 11.8 7.2 Multi lateral - 0.3 0.2 0.6 3.6 2.7 IBRDO IDA Bilateral .... 0.0 0.2 2.5 7.5 8.2 4.4 Private Creditors . - - - - 6.3 Supopliers ....----- 6.3 Financial Markets INTEREST PAYMENTS(INT) . .-- 0.0 0.1 0.3 0.3 Official Creditors ..-- 0.0 0.1 0.3 0.3 Multilateral .. 0.0 0.0 0.2 0..2 IBRD ..- IDA ..- Bilateral --- 0.1 0.1 0.1 Private Creditors . . Suppliers Financial Markets . 89 SEYCHELLES (US$ Millions) 1972 1974 1976 1977 197S 1979 1980 1981 NET TRANSFERS .. .. 0.0 0.5 2.6 8.1 11.5 13.2 Official Creditors .. .. 0.0 0.5 2.6 8.1 11.5 6.9 Multilateral .. .. - 0.3 0.1 0.6 3.4 2.5 IBRD .- - - - - IDA ...- - - - - - Bilateral 0.0 0.2 2.5 7.4 8.1 4.3 Private Creditors - - - - - 6.3 SupDliers - - - - - 6.3 Financial Markets .- - - - - - TOTAL DEBT SERVICE(TDS) .. .. 0.0 0.0 0.1 0.2 0.4 0.4 Official Creditors .. .. 0.0 0.0 0.1 0.2 0.4 0.4 Multilateral . . . . - 0.0 0.0 0.2 0.2 IBRD - - - - IDA - - - - - Bilateral .. .. 0.0 0.0 0.1 0.1 0.2 0.2 Private Creditors .- - - - - Suppliers _ Financial Markets .- - - - AVERAGE TERMS: PUBLIC DEBT NEW COMMITMENTS ALL CREDITORS Interest (%) .. - - 4.6 2.4 6.8 4.2 Maturity (years) . . - 29.6 29.4 22.8 15.0 16.9 Grace Period (years) .. .. - 7.2 6.3 7.9 4.1 6.1 Grant Element (%) .. .. - 78.9 42.2 55.1 17.9 39.6 OFFICIAL CREDITORS Interest '%) - - 4.6 2.4 6.8 2.6 Maturity (years) - 29.6 29.4 22.8 15.0 20.2 Grace Period (years) .. .. - 7.2 6.3 7.9 4.1 7.8 Grant Element (%) .. .. - 78.9 42.2 55.1 17.9 53.3 PRIVATE CREDITORS Interest (%) .. .. - - - - - 8.0 Maturity {years) .. .. - - - - - 9.0 Grace Period (years) . .. - - - - - 2.0 Grant Element (%) . . - - - - - 7.1 MAJOR ECONOMIC AGGREGATES (U.S. $ MILLIONS) Gross Nat. Product (GNP) 28 39 45 55 81 103 124 Exports of G. & S. (XGS) .. .. 36 46 62 82 89 80 Imports of G. & S. (MGS) .. .. 47 58 77 106 122 114 Intl. Reserves (RES) .. 5 6 12 9 12 18 14 PRINCIPAL RATIOS DOD/XGS (% .. . . 1.7 2.6 6.6 15.9 28.5 43.2 DOD/GP ( 1.4 2.2 5.0 12.5 20.4 TDS/XGS (% - 0.1 0.1 0.2 0.4 0.4 TDS/GNP ..%.- 0.1 0.i 0.2 0.3 INT/XGS (% .. . 0 - O. 0.1 0.3 0.4 INT/GNP (% .. .. - - - 0.1 0.2 RES/DOD (% .. .. 1,028.5 960.8 229.3 94.0 73.0 40.2 RES/MGS (months) .. .. 1.7 2.4 1.4 1.4 1.8 1.4 MEMORANDA Proportion of Disbursed Debt Concessional Loans (%). .. 100.0 100.0 100.0 94.2 74.9 59.7 Var. Int. Rate Loans (%) .- - - Use of IMF Credit(US$ mil) - - - - - 1982 1983 1984 1985 1986 1987 1988 1989 PROJECTED PUBLIC DEBT SERVICE TOTAL DEBT SERVICE 1.5 2.7 4.2 4.4 4.5 4.4 4.4 4.3 Principal 0.3 1.3 2.8 3.0 3.1 3.2 3.3 3.4 Interest 1.2 1.4 1.4 1.4 1.3 1.2 1.1 0.9 OFFICIAL CREDITORS 1.0 1.7 2.9 3.2 3.3 3.3 3.3 3.3 Principal 0.3 0.8 1.9 2.1 2.3 2.3 2.5 2.5 Interest 0.7 0.9 1.0 1.0 1.0 0.9 0.9 0.8 PRIVATE CREDITORS 0.5 0.9 1.3 1.2 1.2 1.1 1.0 1.0 Principal - 0.4 0.8 0.8 0.8 0.8 0.8 0.8 Interest 0.5 0.5 0.5 0.4 0.3 0.3 0.2 0.1 90 SIERRA LEONE (USS Millions) 1972 1974 1976 1977 1978 1979 1980 1981 TOTAL DEBT OUTSTANDING DISBURSED ONLY TOTAL DEBT .. .. .. .. .. Public J Publicly Guar. 72.8 135.7 160.1 195.4 243.7 286.7 352.1 345.7 Private Non-guaranteed .. .. . .. .. .. PUBLIC / PUBLICLY GUARANTEED DEBT DEBT OUTS. INC. UNDISB. 96.7 157.8 185.0 243.2 308.4 414.0 446.1 437.0 Official Creditors 64.4 81.7 110.6 146.0 176.5 244.7 303.4 315.0 Multilateral 22.9 29.1 51.9 76.1 91.1 120.9 140.2 171.2 'BRD 10.5 9.8 16.2 15.5 14.9 14.2 13.7 12.5 IDA 10.8 11.0 23.3 31.5 31.5 31.5 34.0 62.1 Bilateral 41.5 52.6 58.7 69.9 85.4 123.8 163.2 143.8 Private Creditors 32.2 76.2 74.4 97.1 131.9 169.3 142.7 122.0 Suppliers 31.6 54.6 59.4 81.6 104.2 144.6 121.7 93.5 Financial Markets 0.6 21.6 15.0 15.6 27.7 24.7 21.0 26.6 DEBT OUTS. DISS. (DOD) 72.8 135.7 160.1 195.4 243.7 286.7 352.1 345.7 Official Creditors 46.6 70.4 89.3 109.1 144.1 168.9 238.6 232.7 Multilateral 9.1 21.5 32.5 41.0 63.6 78.2 103.1 104.1 IBRD 6.8 9.8 11.2 10.5 10.3 11.9 13.4 12.5 IDA 0.9 8.1 12.4 14.4 24.7 26.8 29.1 31.4 Bilateral 37.5 48.9 56.8 68.2 80.6 90.7 135.5 128.6 Private Creditors 26.2 65.3 70.9 86.2 99.6 117.8 113.5 113.0 Suppliers 25.6 49.7 58.1 70.7 83.5 93.2 92.5 84.4 Finaricial Markets 0.6 15.6 12.8 15.6 16.1 24.7 21.0 28.6 COMMITMENTS 16.4 42.1 15.1 55.3 101.2 124.3 88.6 71.3 Official Creditors 9.0 9.7 6.1 29.8 31.1 68.0 62.8 39.9 Multilateral 4.3 1.8 - 24.2 13.9 30.0 22.3 38.1 IBRD - - - - - - - - IDA 4.3 - - 8.2 - - 2.5 28.0 Bilateral 4.7 7.9 6.1 5.6 17.t 38.1 40.5 1.8 Private Creditors 7.4 32.5 9.0 25.6 70.1 56.2 25.8 31.4 Suppliers 7.4 17.4 9.0 24.8 56.9 55.9 25.8 13.0 Financial Markets - 15.0 - 0.8 13..2 0.4 - 18.4 DISBURSEMENTS 14.0 48.1 27.6 33.3 71.6 75.2 100.1 64.1 Official Creditors 6.8 13.2 12.1 14.7 29.0 27.8 56.7 17.0 Multilateral 1.6 7.9 3.3 8.9 22.2 17.8 18.5 6.0 IBRD 0.3 3.7 0.1 - 0.4 3.6 2.0 0.3 IDA 0.8 2.2 1.9 2.0 10.2 3.3 2.4 2.4 Bilateral 5.1 5.3 8.8 5.9 6.8 10.0 38.2 11.0 Private Creditors 7.3 34.9 15.5 18.6 42.6 47.4 43.4 47.1 Suppliers 7.3 19.9 13.1 15.6 40.9 35.4 43.4 28.8 Financial Markets - 15.0 2.3 3.0 1.6 11.9 - 18.4 PRINCIPAL REPAYMENTS 8.1 10.5 16.8 12.3 31.4 35.6 33.3 40.5 Official Creditors 1.8 2.2 2.4 1.9 9.5 4.2 1.9 1.9 Multilateral 0.2 0.3 0.6 0.8 0.8 1.t 0.9 1.3 IBRD 0.2 0.3 0.5 0.7 0.6 0.8 0.5 1.2 IDA - - - - - - 0.0 0.1 Bilateral 1.6 1.9 1.8 1.1 8.7 3.1 1.1 0.6 Private Creditors 6.3 8.3 14.4 10.4 21.9 31.5 31.4 38.6 Suppliers 4.3 7.5 12.0 8.5 20.1 28.3 28.9 28.8 Financial Markets 1.9 0.7 2.4 1.9 1.8 3.1 2.5 9.8 NET FLOWS 6.0 37.6 10.8 21.0 40.2 39.6 66.8 23.6 Official Creditors 5.0 10.9 9.7 12.8 19.5 23.7 54.8 15.1 Multilateral 1.4 7.5 2.8 8.0 21.4 16.7 17.7 4.8 IBRD 0.1 3.3 -0.4 -0.7 -0.2 2.9 1.5 -0.9 IDA 0.8 2.2 1.9 2.0 10.2 3.3 2.3 2.3 Bilateral 3.5 3.4 7.0 4.7 -1.9 6.9 37.1 10.3 Private Creditors 1.0 26.7 1.1 8.2 20.6 15.9 12.0 8.5 Suppliers 3.0 12.4 1.1 7.1 20.8 7.1 14.5 0.0 Financial Markets -1.9 14.3 -O.1 1.1 -0.2 8.8 -2.5 8.5 INTEREST PAYMENTS(INT) 2.6 4.0 5.2 4.8 7.8 10.0 8.5 10.0 Official Creditors 1.7 1.8 1.8 1.9 3.9 2.9 1.6 2.2 Multilateral 0.4 0.6 0.9 1.3 1.4 2.2 1.3 1.9 IBRD 0.3 0.5 0.7 1.0 0.9 1.4 0.7 1.5 IDA 0.0 0.1 0.1 0.1 0.1 0.3 0.1 0.3 Bilateral 1.3 1.2 0.9 0.5 2.5 0.8 0.3 0.3 Private Creditors 1.0 2.1 3.3 2.9 4.0 7.0 6.9 7.8 Suppliers 0.9 2.1 1.6 1.8 3.3 4.8 6.0 4.5 Financial Markets 0.1 - 1.7 1.1 0.7 2.2 0.9 3.3 91 SIERRA LEONE (USS Mi71ions) 1972 1974 1976 1977 1978 1979 1980 1921 NET TRANSFERS 3.3 33.6 5.6 16.1 32.3 29.6 58.2 13.6 Official Creditors 3.3 9.1 7.9 10.9 15.6 20.7 53.2 12.9 Multilateral 1.0 6.9 1.9 6.7 20.0 14.6 16.4 2.9 IBRD -0.2 2.9 -1.1 -1.7 -1.2 1.4 0.8 -2.a IDA 0.8 2.2 1.9 1.9 10.1 3.1 2.2 2.0 Bilateral 2.3 2.2 6.0 4.2 -4.4 6.2 36.8 10.1 Private Creditors 0.0 24.5 -2.3 5.2 16.7 8.9 5.1 0.7 Suppliers 2.0 10.3 -0.5 5.3 17.6 2.3 8.5 -4.5 Financial Markets -2.0 14.3 -1.8 0.0 -0.9 6.6 -3.4 5.2 TOTAL DEBT SERVICE(TDS) 10.7 14.5 22.0 17.1 39.3 45.6 41.9 50.5 Official Creditors 3.5 4.1 4.2 3.8 13.4 7.1 3.6 4.1 Multilateral 0.6 1.0 1.4 2.2 2.1 3.2 2.2 3.1 IBRD 0.5 0.8 1.2 1.7 1.6 2.2 1.2 2.7 IDA 0.0 0.1 0.1 0.1 0.1 0.3 0.2 0.4 Bilateral 2.8 3.1 2.8 1.7 11.2 3.9 1.4 0.9 Private Creditors 7.2 10.4 17.7 13.3 25.9 38.5 38.3 46.4 Suppliers 5.2 9.7 13.6 10.3 23.4 33.2 34.9 33.3 Financial Markets 2.0 0.7 4.1 3.0 2.5 5.3 3.4 13.2 AVERAGE TERMS: PUBLIC DEBT NEW COMMITMENTS ALL CREDITORS Interest (%) 4.1 7.3 5.2 4.1 6.2 4.3 5.2 2.7 Maturity (years) 25.5 8.8 13.3 21.2 9.8 22.3 19.7 27.9 Grace Period (years) 6.5 2.6 4.2 5.1 2.0 5.7 5.6 6.2 Grant Element (%) 45.1 16.7 30.8 40.0 17.3 42.9 31.8 53.5 OFFICIAL CREDITORS Interest (%) 1.4 - - 1.4 2.8 1.2 4.2 1.0 Maturity (years) 39.5 21.8 17.9 33.5 15.7 33.2 23.6 40.5 Grace Period (years) 10.4 6.9 8.4 8.4 5.3 8.9 6.8 8.7 Grant Element (%) 74.4 71.4 70.4 66.6 43.6 69.0 40.7 74.5 PRIVATE CREDITORS Interest (%) 7.3 9.5 8.7 7.1 7.7 9.2 7.6 5.1 Maturity (years) 8.5 4.9 10.1 6.9 7.1 4.7 10.0 8.8 Grace Period (years) 1.6 1.3 1.3 1.2 0.5 0.6 2.8 2.4 Grant Element (%) 9.5 0.4 3.9 9.1 5.6 0.9 9.8 21.8 MAJOR ECONOMIC AGGREGATES (U.S. $ MILLIONS) Gross Nat. Product (GNP) 435 551 543 639 793 915 1,049 1.116 Exports of G. & S. XGS) 131 170 134 163 206 246 269 Imports of G. & S (MGS) 144 253 202 226 338 437 506 Intl. Reserves (RES) 47 55 25 33 35 47 31 16 PRINCIPAL RATIOS DDD/XGS % 55.4 79.7 119.8 119.9 118.1 116.6 130.7 DOD/GNP % 16.7 24.6 29.5 30.6 30.7 31.3 33.6 31.0 TDS/XGS % 8.1 8.5 16.4 10.5 19.0 18.5 15.5 TDS/GNP % 2.5 2.6 4.0 2.7 5.0 5.0 4.0 4.5 INT/XGS % 2.0 2.3 3.9 3.0 3.8 4.1 3.2 INT/GNP % 0.6 0.7 1.0 0.8 1.0 1.1 0.8 0.9 RES/DOD % 63.9 40.2 15.7 17.1 14.3 16.3 8.7 4.6 RES/MGS months) 3.9 2.6 1.5 1.8 1.2 1.3 0.7 MEMORANDA Proportion of Disbursed Debt Concessional Loans (%) 39.7 37.3 42.1 43.2 45.7 47.5 51.6 51.6 Var. Int. Rate Loans (% 7.4 3.4 2.0 1.9 - 0.1 0.1 0.1 Use of IMF Credit(US$ mill - 5.3 26.1 35.7 32.9 94.0 28.3 55.6 1982 1983 1984 1985 1986 1987 1988 1989 PROJECTED PUBLIC DEBT SERVICE TOTAL DEBT SERVICE 45.1 34.7 35.0 34.4 34.0 31.8 29.7 24.3 Principal 35.6 25.8 26.1 26.3 26.7 25.2 24.1 19.5 Interest 9.5 8.9 8.9 8.0 7.4 6.6 5.7 4.8 OFFICIAL CREDITORS 14.4 16.2 17.8 21.1 23.4 22.2 20.9 18.4 Principal 8.9 10.8 12.5 16.0 18.5 17.5 16.7 14.6 Interest 5.5 5.4 5.3 5.1 5.0 4.7 4.2 3.8 PRIVATE CREDITORS 30.7 18.5 17.2 13.3 10.6 9.6 8.8 5.9 Principal 26.7 15.0 13.6 10.3 8.2 7.7 7.4 4.9 Interest 4.0 3.5 3.6 3.0 2.4 1.9 1.4 1.0 92 SOMALIA (Uss Ali Il;ions) 1972 1974 1976 1977 1978 1979 1980 1981 TOTAL DEBT OUTSTANDING DISBURSED ONLY TOTAL DEBT .. .. .. .. .. Public / Publicly Guar. 100.3 176.9 287.3 387.7 525.9 597.7 724.9 876.8 Private Non-guaranteed .. .. .. .. PUBLIC / PUBLICLY GUARANTEED DEBT DEBT OUTS. INC. UNDISS. 250.7 413.7 645.4 930.5 1,062.2 959.5 1,143.5 1,316.0 Official Creditors 246.7 406.8 641.3 927.1 1,059.3 958.4 1,143.5 1,256.5 Multilateral 25.3 78.3 129.7 202.5 220.3 304.4 420.4 485.7 IBRD - - - - - - - - IDA 22.5 54.3 77.3 97.2 111.6 130.0 147.9 147.6 Bilateral 221.4 328.6 511.6 724.6 839.0 654.0 723.1 770.8 Private Creditors 4.0 6.9 4.1 3.4 2.9 1.1 - 59.5 Suppliers 2.8 2.0 0.7 0.4 - - - Financial Markets 1.3 0.3 - - - - - 59.5 DEBT OUTS. DISB. (DOD) 100.3 176.9 287.3 387.7 525.9 597.7 724.9 87S.8 Official Creditors 96.3 170.0 283.1 384.3 523.0 596.6 724.9 851.7 Multilateral 10.7 32.1 58.7 72.7 101.4 131.4 185.3 277.1 IBRD - - - - - - - - IDA 10.6 21.1 36.7 46.3 55.7 62.5 72,2 91.2 Bilateral 85.6 137.9 224.5 311.6 421.6 465.1 539.6 574.6 Private Creditors 4.0 6.9 4.1 3.4 2.9 1.1 - 25.1 Suppliers 2.8 2.0 0.7 0.4 - - - - Financial Markets 1.3 0.3 - - - - - 25.1 COMMITMENTS 46.9 112.3 154.6 263.3 103.6 94.8 201.8 216.5 Official Creditors 46.9 112.3 154.6 263.3 1'03.6 94.8 201.8 157.0 Multilateral 11.2 38.9 45.7 70.5 14.5 84.0 123.6 89.2 IBRD - - - - - - - - IDA 9.6 18.0 18.0 20.0 14.5 18.5 18.0 - Bilateral 35.7 73.4 108.9 192.8 89.1 10.8 7S.3 67.7 Private Creditors - - - - - - - 59.5 Suppliers - - - - - - - Financial Markets - - - - - - - 59.5 DISBURSEMENTS 16.6 48.9 56.9 91.8 126.8 114.2 146.9 175.1 Official Creditors 13.8 48.0 56.9 91.8 126.8 114.2 146.9 150.0 Multilateral 1.4 17.3 12.0 13.8 28.3 30.0 59.8 108 4 IBRD - - - - - - - - IDA 1.3 6.6 6.7 9.7 9.4 6.9 9.8 19.1 Bilateral 12.4 30.7 44.8 78.0 98.4 84.2 87.1 41.6 Private Crectitors 2.8 0.9 - - - - - 25.1 Suppliers 2.8 - - - - - - - Financial Markets - - - - - - - 25.1 PRINCIPAL REPAYMENTS 1.2 2.4 2.0 2.5 3.5 3.2 7.0 12.5 Official Creditors 0.7 1.6 1.6 1.8 2.7 3.2 7.0 12.5 Multilateral 0.1 - 0.1 0.1 0.3 0.2 5.1 11.4 IBRD - - - - - - - - IDA 0.1 - 0.1 0.1 0.1 0.1 0.1 0.1 Bilateral 0.6 1.6 1.5 1.7 2.4 3.0 1.8 1.1 Private Creditors 0.5 0.8 0.4 0.7 0.7 - - - Suppliers - 0.5 0.4 0.4 0.4 - - Financial Markets 0.5 0.3 0.0 - - - - - NET FLOWS 15.4 46.5 54.8 89.3 123.3 111.0 139.9 162.6 Official Creditors 13.2 46.4 55.3 90.0 124.0 111.0 139.9 137.5 Multilateral 1.3 17.3 11.9 13.7 28.0 29.8 54.6 97.0 IBRD - - - - - - - - IDA 1.2 6.6 6.6 9.6 9.3 6.8 9.7 19.0 Bilateral 11.9 29.1 43.3 76.3 96.0 81.2 85.2 40.5 Private Creditors 2.2 0.1 -0.4 -0.7 -0.7 - - 25.1 Suppliers 2.8 -0.5 -0.4 -0.4 -0.4 - - - Financial Markets -0.5 -0.3 0.0 - - - - 25.1 INTEREST PAYMENTS(INT) 0.8 1.1 0.9 1.2 1.3 1.0 1.9 3.6 Official Creditors 0.7 0.8 0.8 1.1 1.2 1.0 1.9 3.6 Multilateral 0.1 0.2 0.2 0.5 0.5 0.5 0.6 1.9 IBRO - - - - - - - IDA 0.1 0.1 0.1 0.3 0.4 0.4 0.5 0.6 Bilateral 0 6 0.6 0.6 0.6 0.7 0.5 1.3 1.7 Private Creditors 0.1 0.3 0.1 0.1 0.1 - - - Suppliers - 0.1 0.1 0,0 0.0 - - - Financial Markets 0.1 0.0 0.0 - - - - - 93 SOMALIA (USS Millions) 1972 1974 1976 1977 1978 1979 1980 1981 NET TRANSFERS 14.6 45.4 54.0 88.1 122.0 110.0 137.9 159.0 Official Creditors 12.5 45.6 54.4 88.9 122.8 110.0 137.9 133.9 Multilateral 1.2 17.1 11.7 13.2 27.4 29.3 54-1 95.1 IBRD - - - - - - - - IDA 1.1 6.4 6.5 9.3 9.0 6.4 9.2 1S.4 Bilateral 11.3 28.5 42.7 75.7 95.4 80.7 83.9 38.8 Private Creditors 2.1 -0.2 -0.5 -0.8 -0.8 - - 25.1 Suppliers 2.8 -0.6 -0.5 -0.4 -0.4 - - - Financial Markets -0.6 -0.3 0.0 - - - - 25.1 TOTAL DEBT SERVICE(TDS) 2.0 3.5 2.9 3.7 4.7 4.2 8.9 16.1 Official Creditors 1.3 2.4 2.4 2.9 3.9 4.2 8.9 16.1 Multilateral 0.2 0.2 0.3 0.6 0.9 0.7 5.7 13.3 IBRD - - - - - - - - IDA 0.2 0.1 0.2 0.4 0.5 0.5 0.6 0.7 Bilateral 1.1 2.2 2.1 2.3 3.0 3 5 3.2 2.8 Private Creditors 0.6 1.1 0.5 0.8 0.8 - - - Suppliers - 0.6 0.5 0.4 0.4 - - - Financial Markets 0.6 0.3 0.0 - - - - - AVERAGE TERMS: PUBLIC DEBT NEW COMMITMENTS ALL CREDITORS Interest (%) 1.6 2.1 2.2 2.0 0.6 0.6 1.4 &4.9 Matur-tv kyears) 24.2 23.7 27.9 20.4 38.1 34.6 27.6 16.0 Grace Period (years) 8.6 8.5 8.7 6.0 9.7 7.2 6.5 4.2 Grant Element (%) 60.7 56.0 60.6 5,2.5 79.3 66.7 57.9 29.2 OFFICIAL CREDITORS Interest () 1.6 2.1 2.2 2.0 0.6 0.6 1.4 3.9 Maturity years) 24.2 23.7 27.9 20.4 38.1 34.6 27.6 17.7 Grace Period (years) 8.6 8.5 8.7 6.0 9.7 7.2 6.5 5.3 Grant Element (%) 60.7 56.0 60.6 52.5 79.3 66.7 57.9 36.8 PRIVATE CREDITORS Interest ( - - - - - - - 7.8 Maturity (years) - - - - - - - 11.5 Grace Period (years) - - - - - - - 1.5 Grant Element (%) - - - - - - - 9.0 MAJOR ECONOMIC AGGREGATES (U.S. $ MILLIONS)' Gross Nat. Product GNP) 421 470 825 999 1,196 1,002 1,112 1,237 Exports of G. & S. XGS 67 85 112 104 152 190 254 265 Imports of G. & S. MGS 91 188 222 245 322 454 528 471 Intl. Reserves (RES) 31 43 85 122 130 51 26 38 PRINCIPAL RATIOS DDD/XGS (Y) 150.2 209.2 257.0 372.7 346.3 314.7 285.0 331.1 DOD/GNP (%) 23.8 37.7 34.8 38.8 '44.0 59.7 65.2 70.9 TDS/XGS (% 2.9 4.2 2.6 3.6 3.1 2.2 3.5 6.1 TDS/GNP (%) 0.5 0.8 0.4 0.4 0.4 0.4 0.8 1.3 INT/XGS (% 1.1 1.3 0.8 1.2 0.8 0.5 0.8 1.3 INT/GNP (% 0.2 0.2 0.1 0.1 0.1 0.1 0.2 0.3 RES/DOD (% 31.4 24.2 29.7 31.4 24.7 8.6 3.6 4.4 RES/MGS (months) 4.2 2.7 4.6 6.0 4.8 1.4 0.6 1.0 MEMORANDA Proportion of Disbursed Debt Concessional Loans (%) 91.4 94.3 98.0 98.8 98.5 98.5 98.0 90.2 Var. Int. Rate Loans (%) - - - - - - - - Use of IMF Credit(US$ mil) - - - - 0.2 0.2 4.4 34.1 1982 1983 1984 1985 1986 1987 1988 1989 PROJECTED PUBLIC DEBT SERVICE TOTAL DEBT SERVICE 64.5 86.5 8e.7 84.1 100.2 120.0 87.1 86.7 Principal 49.2 69.3 69.0 66.1 82.3 104.8 74.8 75.6 Interest 15.3 17.2 17.7 18.0 18.0 15.2 12.3 11.1 OFFICIAL CREDITORS 59.5 78.2 78.2 75.5 91.6 111.8 79.4 79.4 Principal 46.4 63.6 63.3 60.5 76.6 99.2 69.1 70.0 Interest 13.1 14.5 14.9 15.1 15.0 12.7 10.2 9.4 PRIVATE CREDITORS 5.0 8.3 8.4 8.6 8.6 8.2 7.8 7.3 Principal 2.8 5.7 5.7 5.7 5.7 5.7 5.7 5.7 Interest 2.2 2.6 2.8 2.9 3.0 2.5 2.1 1.6 94 SUDAN (US$ Millions) 1t72 1974 1976 1977 1978 1979 19S0 1981 TOTAL DEBT OUTSTANDING DISBURSED ONLY TOTAL DEBT .. .. .. .. .. Public / Publicly Guar. 396.1 942.4 1,761.7 2,035.8 2,382.9 3,333.9 3,714.1 4,595.1 Private Norn-guaranteed . . .. .. .. .. .. .. PUBLIC / PUBLICLY GUARANTEED DEBT DEBT OUTS. INC. UNDISB. 702.2 1,472.2 2,552.6 3,177.9 3,838.3 5,061.4 5,560.5 6,004.1 Official Creditors 636.2 1,088.4 1,705.1 2,255.5 2,714-4 4,000.7 4,532.1 4,446.9 Multilateral 137.9 289.2 480.8 564.4 753.1 1,008.6 1,305.0 1,380.1 IBRO 94.0 80.7 87.0 92.2 86.2 81.0 76.9 53.2 IDA 40.0 121.9 193.6 216.5 310.8 347.3 516.1 568.3 Bilateral 498.3 799.2 1,224.3 1,691.1 1,961.3 2,992.1 3,227.1 3,066.9 Private Creditors 66.0 383.8 847.5 922.5 1,123.9 1,060.7 1,028.4 1,557.2 Suppliers 14.0 111.7 357.1 409.3 392.4 338.2 275.6 252.9 Financial Markets 52.0 272.2 490.3 513.2 731.5 722.5 752.9 1,304.3 DEBT OUTS. DISB. (DOD) 396.1 942.4 1,761.7 2,035.8 2,382.9 3,333.9 3,714.1 4,595.1 Official Creditors 348.0 649.2 1,084.4 1,299.9 1,474.7 2.469.3 2,861.0 3,171.8 Multilateral 105.0 142.9 233.5 285.2 405.6 533.6 689.4 836.0 IBRD 91.3 80.7 67.0 60.2 54.2 49.0 46.1 48.2 IDA 13.5 18.7 70.5 95.8 126.7 153.1 189.7 254.5 Bilateral 243.0 506.3 850.9 1,014.7 1,069.! 1,935.7 2,171.5 2,335.8 Private Creditors 48.2 293.2 677.3 735.9 908.3 864.6 853.1 1,423.3 Suppliers 2.9 63.2 266.2 306.5 285.8 247.5 217.3 208.8 Financial Markets 45.3 230.0 411.1 429.4 622.5 617.0 635.8 1,214.4 COMMITMENTS 168.2 512.1 691.9 574.3 771.1 959.8 700.4 301.6 Official Creditors 133.9 283.3 409.5 515.0 676.1 859.1 639.6 239.6 Multilateral 18.3 116.3 83.9 86.4 169.5 278.3 313.6 163.1 IBRD - - 20.0 12.0 - - - - IDA 18.3 34.7 13.0 25.0 78.0 56.0 170.0 73.2 Bilateral 115.6 167.0 325.6 428.7 506.6 580.8 325.9 76.5 Private Creditors 34.3 228.9 282.4 59.2 95.0 100.7 60.8 62.0 Suppliers 11.8 44.7 48.6 45.4 35.S - - - Financial Markets 22.6 184.2 233.8 13.8 59.1 100.7 60.8 62.0 DISBURSEMENTS 76.3 465.4 597.0 264.2 330.2 609.2 512.6 584.5 Official Creditors 55.8 254.9 344.0 214.0 280.7 556.8 468.8 507.6 Multilateral 4.1 45.3 82.3 57.3 124.5 132.3 168.8 188.4 IBRD 3.8 0.0 - - - - 1.3 5.7 IDA 0.2 2.3 37.9 27.4 33.5 26.7 36.9 70.5 Bilateral 51.7 209.6 261.7 156.8 156.2 424.5 300.0 319.2 Private Creditors 20.5 210.4 253.0 50.1 49.5 52.4 43.8 76.9 Suppliers 0.7 48.9 57.4 35.1 30.7 6.0 8.0 10.5 Financial Markets 19.8 161.5 195.7 15.1 18.8 46.4 35.8 66.3 PRINCIPAL REPAYMENTS 38.7 41.5 66.9 36.3 41.1 25.6 46.1 81.5 Official Creditors 24.6 28.5 22.0 24.9 22.6 17.1 39.6 77.1 Multilateral 5.3 6.4 8.2 9.2 9.0 8.8 9.6 16.4 IBRD 5.1 6.3 7.0 6.8 6.0 5.2 4.1 3.6 IDA 0.1 0.1 1.2 2.1 2.7 0.2 0.2 5.7 Bilateral 19.3 22.1 13.8 15.7 13.6 8.3 30.0 60.6 Private Creditors 14.1 13.0 44.9 11.4 18.5 8.5 6.5 4.4 Suppliers 1.1 0.8 2.8 4.1 6.2 6.6 2.8 4.4 Financial Markets 13.0 12.2 42.1 7.3 12.3 2.0 3.7 - NET FLOWS 37.6 423.9 530.1 227.9 289.1 583.6 466.5 502.9 Official Creditors 31.2 226.4 322.0 189.1 258.1 539.7 429.2 430.5 Multilateral -1.1 38.9 74.1 48.0 115.4 123.5 159.2 172.0 IBRD -1.3 -6.2 -7.0 -6.8 -6.0 -5.2 -2.8 2.1 IDA 0.0 2.2 36.8 25.3 30.8 26.4 36.6 64.8 Bilateral 32.3 187.5 247.9 141.1 142.7 416.2 270.0 258.6 Private Creditors 6.4 197.5 208.1 38.8 31.0 43.9 37.3 72.4 Suppliers -0.4 48.1 54.5 31.0 24.5 -0.6 5.2 6.1 Financial Markets 6.8 149.4 153.6 7.7 6.5 44.4 32.1 66.3 INTEREST PAYMENTS(INT) 12.2 20.3 30.0 39.4 48.5 43.2 46.8 29.2 Official Creditors 9.9 11.3 15.5 32.7 34.2 38.3 41.6 28.2 Multilateral 4.3 5.7 5.2 5.4 7.6 8.5 9.0 8.5 IBRD 4.2 5.3 4.4 4.3 4.3 4.6 4.2 3.6 IDA 0.1 0.1 0.3 0.5 0.8 1.0 1.2 1.4 Bilateral 5.6 5.5 10.3 27.3 26.5 29.8 32.6 19.7 Private Creditors 2.2 9.0 14.5 6.7 14.4 4.9 5.2 1.0 Suppliers 0.0 3.3 2.1 1.0 4.0 2.4 2.2 0.3 Financial Markets 2.2 5.8 12.3 5.7 10.4 2.5 3.1 0.8 95 SUDAN (US$ Mi tlions) 1972 1974 1976 1977 1978 1978 1980 1981 NET TRANSFERS 25.5 403.8 500.2 188.5 240.6 540.4 419.7 473.7 Official Creditors 21.3 215.2 306.5 156.4 224.0 501.5 387.6 402.3 Multilateral -5.4 33.2 68.9 42.7 107.8 115.0 150.1 163.5 IBRD -5.5 -11.6 -11.4 -11.1 -10.3 -9.8 -7.1 -1.5 IDA -0.1 2.1 36.5 24.8 30.1 25.4 35.4 63.4 Bilateral 26.8 182.0 237.6 113.8 116.2 386.4 237.5 238.8 Private Creditors 4.2 188.4 193.7 32.1 16.6 38.9 32.1 71.4 Suppliers -0.4 44.8 52.4 30.1 20.5 -3.0 3.0 5.8 Financial Markets 4.6 143.6 141.3 2.0 -3.9 41.9 29.0 65.6 TOTAL DEBT SERVICE(TDS) 50.8 61.8 96.9 75.7 89.6 68.8 92.9 110.7 Official Creditors 34.5 39.8 37.5 57.6 56.7 55.4 81.2 105.3 Multilateral 9.6 12.1 13.4 14.6 16.6 17.3 18.6 24.9 IBRD 9.3 11.6 11.4 11.1 10.3 9.8 8.4 7.2 IDA 0.3 0.3 1.4 2.7 3.4 1.2 1.4 7.1 Bilateral 24.9 27.6 24.1 43.0 40.1 38.1 62.5 80.4 Private Creditors 16.4 22.0 59.4 18.1 32.9 13.4 11.7 5.4 Suppliers 1.1 4.1 5.0 5.0 10.2 9.0 5.0 4.7 Financial Markets 15.2 17.9 54.4 13.1 22.7 4.5 6.8 0.8 AVERAGE TERMS: PUBLIC DEBT NEW COMMITMENTS ALL CREDITORS Interest (%) 3.2 5.6 5.5 5.0 4.3 6.1 2.8 7.1 Maturity years) 21.4 15.0 17.0 15.4 24.0 18.9 26.7 27.1 Grace Period (years) 6.9 4.9 5.6 4.9 6.3 4.4 6.4 6.5 Grant Element (%) 47.0 28.3 28.6 29.2 41.2 26.4 52.6 34.4 OFFICIAL CREDITORS Interest (%) 2.4 2.9 3.4 4.7 3.7 6.1 2.3 4.4 Maturity (years) 24.6 21.9 21.7 16.1 25.7 19.5 28.8 33.8 Grace Period (years) 7.9 6.8 6.4 5.1 6.6 4.5 6.9 8.0 Grant Element (%) 55.2 49.0 44.2 31.5 45.8 27.1 57.1 45.3 PRIVATE CREDITORS Interest (%) 6.2 8.9 8.5 7.8 8.1 6.0 7.6 17.6 Maturity (years) 8.6 6.5 10.0 9.4 11.9 13.6 4.5 1.4 Grace Period (years) 3.3 2.4 4.6 3.2 4.3 3.1 1.9 0.3 Grant Element (%) 15.1 2.7 5.9 9.4 8.5 20.5 5.0 -7.9 MAJOR ECONOMIC AGGREGATES (U.S. $ MILLIONS) Gross Nat. Product (GNP) 2.378 3,553 5,256 6,668 8,050 6,792 6,721 6,721 Exports of G. & S. (XGS) 371 448 709 825 808 839 1,286 Imports of G. & S. (MGS) 430 742 894 917 914 1,087 1,496 Intl. Reserves (RES) 36 124 24 23 28 67 49 17 PRINCIPAL RATIOS DOD/XGS (% 106.7 210.2 248.5 246.8 295.1 397.2 288.7 DOD/GNP % 16.7 26.5 33.5 30.5 29.6 49.1 55.3 68.4 TDS/XGS % 13.7 13.8 13.7 9.2 11.1 8.2 7.2 TDS/GNP % 2.1 1.7 1.8 1.1 1.1 1.0 1.4 1.6 INT/XGS % 3.3 4.5 4.2 4.8 6.0 5.1 3.6 INT/GNP % 0.5 0.6 0.6 0.6 0.6 0.6 0.7 0.4 RES/DOD % 9.0 13.2 1.3 1.1 1.2 2.0 1.3 0.4 RES/MGS months) 1.0 2.0 0.3 0.3 0.4 0.7 0.4 MEMORANDA Proportion of Disbursed Debt Concessional Loans (%) 56.3 45.6 40.6 44.1 42.2 41.6 44.9 41.9 Var. Int. Rate Loans (%) - 1.4 4.5 4.1 3.1 2.5 2.1 5.9 Use of IMF Credit(US$ mil) 30.5 87.7 138.3 120.8 157.4 225.0 341.7 482.4 1982 1983 1984 1985 1986 1987 1988 1989 PROJECTED PUBLIC DEBT SERVICE TOTAL DEBT SERVICE 685.4 766.7 751.6' 728.6 623.8 508.9 421.7 334.6 Principal 455.7 514.2 525.2 534.8 470.2 391.6 335.6 274.6 Interest 229.8 252.5 226.3 193.7 153.6 117.3 86.1 59.9 OFFICIAL CREDITORS 416.3 466.1 464.5 438.6 383.2 314.5 284.7 272.9 Principal 286.2 341.1 346.8 332.6 292.8 239.0 220.3 218.9 Interest 130.1 125.0 117.7 106.0 90.4 75.6 64.4 54.0 PRIVATE CREDITORS 269.2 300.5 287.1 290.0 240.6 194.4 137.0 61.7 Principal 169.5 173.1 178.4 202.3 177.4 152.6 115.3 55.7 Interest 99.7 127.5 108.7 87.7 63.2 41.8 21.7 6.0 96 V*AZ I LAND (LJS$ Mi llions) 1972 1974 1976 1977 1978 1979 1980 1981 TOTAL DEBT OUTSTANDING DISBURSED ONLY TOTAL DEBT .. .. .. Public / Publicly Guar. 32.6 36.2 40.8 52.3 105.2 147.9 165.7 160.7 Private Non-guaranteed . . . .. . .. .. PUBLIC / PUBLICLY GUARANTEED DEBT DEBT OUTS. INC. UNDISB. 34.0 49.2 58.5 111.8 204.6 223.7 230.3 239.4 Official Creditors 23.1 47.C 57.7 111.2 173.9 194.0 206 1 221.2 Multilateral 8.5 20.7 32.3 62.6 92.8 106.6 118.1 140.7 IBRD 5.5 8.3 14.6 27.2 37.6 36.9 45.4 54.5 IDA 3.0 8.3 8.2 8.2 8.1 8.1 8.1 8.0 Bilateral 14.6 26.3 25.4 48.6 81.1 87.4 87.9 80.5 Private Creditors 10.9 2.2 0.7 0.6 30.7 29.7 24.2 18.2 Suppliers 1.0 1.0 0.6 0.6 0.5 0.4 0.4 0.2 Financial Markets 9.9 1.2 0.1 C.1 30.2 29.2 23.8 18.0 DEBT OUTS. DISB. (DOD) 32.6 36.2 40.8 52.3 105.2 147.9 165.7 150.7 Official Creditors 21.7 34.0 40.1 51.7 74.5 118.2 141.5 142.5 Multilateral 8.5 8.6 17.6 24.2 32.7 52.8 67.7 79.0 IBRD 5.5 4.8 6.3 9.6 14.3 16.3 17.7 26.8 IDA 3.0 3.3 3.3 5.3 6.5 7.2 7.5 7.6 Bilateral 13.2 25.4 22.5 27.5 41.8 65.4 73.9 63.5 Private Creditors 10.9 2.2 0.7 0.6 30.7 29.7 24.2 18.2 Suppliers 1.0 1.0 0.6 0.6 0.5 0.4 0.4 0.2 Financial Markets 9.9 1.2 0.1 0.1 30.2 29.2 23.8 18.C COMMITMENTS 5.3 13.1 6.5 49.6 83.6 15.7 19.5 38.7 Official Creditors 2.2 13.1 6.5 49.6 56.1 15.7 19.5 38.7 Multilateral - 10.S 4.2 29.9 28.3 13.5 16.9 31.4 IBRO - 3.5 - 13.0 11.0 - 10.1 10.0 IDA - 5.0 - - - - - - Bilateral 2.2 2.3 2.3 19.7 27.9 2.2 2.6 7.3 Private Creditors 3.1 - - - 27.5 - - - Suppliers - - Financial Markets 3.1 - - - 27.5 - - - DISBURSEMENTS 6.1 2.2 11.0 10.0 48.7 41.3 28.9 20.3 official Creditors 2.9 2.2 11.0 10o0 21.2 41.3 28.9 20.3 Multilateral - 0.5 9.4 6.9 9.0 20.5 18.1 17.6 IBRD - - 2.2 3.7 5.3 2.7 2.1 10.1 IDA - - 0.1 2.0 1.2 0.7 0.3 0.2 Bilateral 2.9 1.8 1.6 3.1 12.1 20.8 10.8 2.7 Private Creditors 3.1 - - - 27.5 - - - Suppliers - - - - - Financial Markets 3.1 - - - 27.5 - - - PRINCIPAL REPAYMENTS 7.3 3.4 1.0 0.9 1.7 3.7 5.1 7.9 Official Creditors 1.7 0.8 1.0 0.8 1.7 2.0 2.4 2.9 Multilateral 0.3 0.4 0.4 0.5 1.0 1.1 1.2 1.4 IBRD 0.3 0.3 0.4 0.4 0.6 0.7 0.7 1.0 IDA 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bilateral 1.3 0.4 0.5 0.3 0.6 0.8 1.2 1.5 Private Creditors 5.6 2.6 0.1 0.1 0.1 1.7 2.6 5.0 Suppliers 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 Financial Markets 5.5 2.5 0.0 0.0 0.0 1.7 2.5 4.9 NET FLOWS -1.2 -1.2 10.0 9.1 46.9 37.6 23.8 12.4 Official Creditors 1.3 1.4 10.1 9.2 19.5 39.4 26.5 17.5 Multilateral -0.3 0.1 9.0 6.4 8.0 19.4 16.9 16.2 IBRO -0.3 -0.3 1.8 3.3 4.7 2.0 1.3 9.1 IDA 0.0 0.0 0.0 2.0 1.2 0.7 0.3 0.1 Bilateral 1.6 1.3 1.1 2.8 11.5 20.0 9.6 1.2 Private Creditors -2.5 -2.6 -0.1 -0.1 27.4 -1.7 -2.6 -5.0 Suppliers -0.1 -0.1 -0.1 -0.1 -0.1 -0.1 -0.1 -0.1 Financial Markets -2.4 -2.5 0.0 0.0 27.5 -1.7 -2.5 -4.9 INTEREST PAYMENTS(INT) 1.4 1.0 0.9 1.3 2.2 3.8 7,1 7.7 official Creditors 0.7 0.7 0.8 1.2 1.9 2.8 5.1 4.8 Multilateral 0.4 0.3 0.6 1.0 1.5 2.1 3.2 3.6 IBRD 0.3 0.3 0.4 0.6 1.1 1.5 1.8 1.6 IDA 0.0 0.0 0.0 0.0 0.0 0.0 0.1 0.1 Bilateral 0.4 0.3 0.3 0.2 0.3 0.7 2.0 1.2 Private Creditors 0.7 0.4 0.0 0.0 0.4 1.1 2.0 2.9 Suppliers 0.0 0.1 0.0 0.0 0.0 0.0 0.0 0.0 Financial Markets 0.6 0.3 0.0 0.0 0.4 1.0 1.9 2.9 97 SWAZILAND (US$ Millions) 1S72 1S74 1976 1977 1978 1979 1980 18a NET TRANSFERS -2.6 -2.2 9.1 7.9 44.7 33.8 16.7 4.7 Official Creditors 0.5 0.8 9.2 8.0 17.6 36.6 21.3 12.7 Multilateral -0.7 -0.2 8.4 5.4 6.5 17.3 13.7 12.6 IBRD -0.7 -0.6 1.5 2.7 3.6 0.6 -0.4 7.5 IDA -0.1 -0.1 0.0 2.0 1.1 0.6 0.2 0.1 Bilateral 1.3 1.0 0.8 2.6 11.2 19.3 7.6 0.0 Private Creditors -3.1 -2.9 -0.1 -0.1 27.1 -2.8 -4.6 -8.0 Suppliers -0.1 -0.2 -0.1 -0.1 -0.1 -0.1 -0.2 -0.1 Financial Markets -3.0 -2.8 0.0 0.0 27.2 -2.7 -4.4 -7.8 TOTAL DEBT SERV'CE(TDS) 8.6 4.4 1.9 2.2 4.0 7.5 12.2 15.7 Official Creditcrs 2.4 1.5 1.8 2.0 3.5 4.8 7.6 7.7 Multilateral 0.7 0.7 1.0 1.5 2.6 3.2 4.4 5.0 IBRD 0.7 0.6 0.8 1.0 1.7 2.2 2.5 2.6 IDA 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 Bilateral 1.7 0.8 0.8 0.5 1.0 1.5 3.2 2.7 Private Creditors 6.2 2.9 0.1 0.1 0.5 2.8 4.6 8.0 Suppliers 0.1 0.2 0.1 0.1 0.1 0.1 0.2 0.1 Financial Markets 6.1 2.8 0.0 0.0 0.4 2.7 4.4 7.8 AVERAGE TERMS: PUBLIC DEBT NEW COMMITMENTS ALL CREDITORS Interest (%) 4.4 3.5 - 5.8 7.1 0.9 6.2 8.4 Maturity years) 12.6 34.2 28.2 19.6 19.6 41.7 20.7 17.8 Grace Period (years) 4.1 7.0 8.7 4.2 6.3 9.7 6.2 3.7 Grant Element (%) 34.1 52.6 78.4 27.1 27.3 74.6 24.3 8.4 OFFICIAL CREDITORS Interest (%) - 3.5 - 5.8 3.8 0.9 6.2 8.4 Maturity (years) 23.6 34.2 28.2 19.6 25.8 41.7 20.7 17.8 Grace Period (years) 7.1 7.0 8.7 4.2 8.4 9.7 G.2 3.7 Grant Element (%) 74.2 52.6 78.4 27.1 47.5 74.6 24.3 8.4 PRIVATE CREDITORS Interest (%) 7.5 - - - 13.7 - - - Maturity years) 5.0 - - - 7.0 - - - Grace Period (years) 2.0 - - - 2.0 - - - Grant Element (%) 6.5 - - - -13.9 - - - MAJOR ECONOMIC AGGREGATES {U.S. $ MILLIONS) Gross Nat. Product (GNP) 116 166 219 257 297 325 455 472 Exports of G. & S. (XGS) .. 199 219 215 231 276 385 436 Imports of G. & S. (MGSJ .. 166 201 228 361 384 587 580 Intl. Reserves (RES) .. 13 73 95 117 117 162 104 PRiNCIPAL RATIOS e DOD/XGS (% .. 18.2 18.6 24.3 45.6 53.6 43.1 36.9 DOD/GNP % 28.2 21.8 18.6 20.3 35.5 45.5 36.4 34.0 TDS/XGS % .. 2.2 0.9 1.0 1.7 2.7 3.2 3.6 TDS/GNP % 7.5 2.6 0.9 0.8 1.3 2.3 2.7 3.3 INT/XGS % .. 0.5 0.4 0.6 1.0 1.4 1.8 1.8 INT/GNP % 1.2 0.6 0.4 0.5 0.8 1.2 1.6 1.6 RES/DOD %) .. 37.2 180.0 181.1 111.1 79.3 97.5 64.8 RES/MGS (months) .. 1.0 4.4 5.0 3.9 3.7 3.3 2.2 MEMORANDA Proportion of Disbursed Debt Concessional Loans (%) 41.2 73.5 71.5 70.0 51.7 59.6 61.0 57.6 Var. Int. Rate Loans (% - - - - 28.6 19.7 14.3 11.2 Use of IMF Credit(US$ mil - - - - - - -. 1982 1983 1984 1985 1986 1987 1988 1989 PROJECTED PUBLIC DEBT SERVICE TOTAL DEBT SERVICE 18.9 21.2 22.6 25.5 20.7 20.9 20.9 21.0 Principal 9.8 11.8 13.2 16.7 12.6 13.2 13.8 14.7 Interest 9.1 9.4 9.3 8.8 8.1 7.7 7.1 6.3 OFFICIAL CREDITORS 11.6 14.6 16.7 20.4 20.7 20.9 20.9 21.0 Principal 5.3 7.3 8.7 12.2 12.6 13.2 13.8 14.7 Interest 6.3 7.4 8.0 8.2 8.1 7.7 7.1 6.3 PRIVATE CREDITORS 7.4 6.6 5.9 5.1 0.0 0.0 0.0 0.0 Principal 4.5 4.5 4.5 4.5 0.0 0.0 0.0 0.0 Interest 2.8 2.1 1.3 0.6 0.0 0.0 0.0 - 98 TANZANIA (uS$ Miilions) 1972 1974 1978 1977 1978 1979 1980 1981 TOTAL DEBT OUTSTANDING DISBVRSED ONLY TOTAL DEBT .. .. .. .. .. Public / Publicly Guar. 368.9 621.5 907.5 1,100.2 1,141.7 1,203.0 1,360.3 1,476.1 Private Non-guaranteed . .. . . .. .. PUBLIC / PUBLICLY GUARANTEED DEBT DEBT OUTS. INC. UNDISB. 708.3 1,138.0 1,423.5 1,548.0 1,751.0 1,948.5 2,258.3 2,341.1 Official Creditors 618.3 1,068.1 1,364.4 1,592.6 1,699.0 1,811.5 2,103.9 2,231.4 Multilateral 126.9 295.2 446.9 579.7 713.2 906.7 1,079.9 1,209.4 IBRD 41.9 106.5 172.7 224.6 247.C 310.4 305.6 298.6 IDA 81.7 176.5 235.0 281.3 354.4 430.3 538.6 674.8 Bilateral 491.4 772.8 917.5 1,012.8 985.8 904.8 1,024.0 1,022.0 Private Creditors 90.0 69.9 59.1 55.4 51.9 137.0 154.3 109.7 Suppliers 31.8 34.0 26.8 24.0 19.4 11.9 15.3 - Financial Markets 43.0 26.3 27.7 27.9 29.5 122.4 136.8 108.4 DEBT OUTS. DISB. (DOD) 368.9 621.5 907.5 1,100.2 1,141.7 1,203.0 1,360.3 1,476.1 Official Creditors 284.5 557.3 865.5 1,054.6 1,098.2 1,148.4 1,283.1 1,407.4 Multilateral 75.6 115.7 217.1 292.1 368.8 455.8 558.3 660.8 IBRD 24.0 40.9 93.1 113.1 138.5 168.3 197.7 210.0 IDA 49.1 63.3 108.9 145.3 169.3 207.7 242.1 319.3 Bilateral 208.8 441.5 648.4 762.7 729.5 692.6 724.8 746.6 Private Creditors 84.4 64.2 42.0 45.4 43.5 54.6 77.1 68.7 Suppliers 27.5 28.3 22.2 18.9 13.5 11.9 10.2 - Financial Markets 41.8 26.3 15.2 23.0 26.9 40.1 64.7 67.4 COMMITMENTS 65.4 260.9 194.1 197.3 232.1 411.6 364.8 294.2 Official Creditors 61.2 260.9 182.5 197.1 232.1 319.6 342.6 294.2 Multilateral 14.1 133.3 99.8 135.7 132.6 196.0 186.0 164.4 IBRD - 65.0 37.0 53.0 25.0 66.0 - - IDA 10.8 61.2 52.0 49.2 73.5 76.5 109.2 146.1 Bilateral 47.1 127.6 82.7 61.3 99.5 123.6 156.7 129.8 Private Creditor's 4.2 - 11.7 0.3 - 92.0 22.2 Suppliers - - - - - Financial Markets 4.2 - 11.7 0.3 - 92.0 22.2 - DISBURSEMENTS 101.5 143.5 107.3 183.7 171.6 214.3 210.2 276.0 Official Creditors 98.5 143.5 106.1 175.4 168.8 201.3 181.0 247.5 Multilateral 18.6 22.3 39.4 79.1 78.2 91.1 111.0 125.6 IBRD 13.4 8.3 10.3 24.1 27.4 32.9 34.3 19.3 IDA 2.7 5.9 29.0 39.3 24.4 39.0 35.0 84.1 Bilateral 79.9 121.1 66.7 96.3 90.6 110.2 70.0 122.0 Private Creditors 3.0 - 1.2 8.3 2.8 13.0 29.2 28.5 Suppliers - - 1.2 - - - - 4.4 Financial Markets 3.0 - - 8.3 2.8 13.0 29.2 24.0 PRINCIPAL REPAYMENTS 41.1 i4.8 15.2 20.2 19.7 16.3 20.4 72.7 Official Creditors 21.7 5.7 7.5 11.5 10.3 12.4 16.5 42.3 Multilateral 0.2 0.4 2.0 4.6 3.3 4.7 6.4 19.2 IBRO 0.2 0.2 0.6 1.1 2.0 3.2 4.8 7.0 IDA - 0.2 0.9 2.9 0.3 0.6 0.6 6.9 Bilateral 21.5 5.3 5.4 6.9 7.0 7.6 10.1 23.0 Private Creditors 19.4 9.1 7.8 8.7 9.4 3.9 3.9 30.5 Suppliers 1.7 2.8 4.4 5.2 7.5 2.2 0.4 13.3 Financial Markets 14.6 3.5 2.0 2.1 1.2 1.2 3.1 16.6 NET FLOWS 60.3 128.7 92.1 163.5 I51.8 198.1 189.8 203.3 Official Creditors 76.8 137.7 98.7 163.9 158.5 188.9 164.5 205.3 Multilateral 18.4 21.9 37.4 74.5 74.9 86.4 104.6 106.3 IBRD 13.2 8.1 9.7 23.0 25.4 29.8 29.4 12.3 IDA 2.7 5.7 28.2 36.4 24.0 38.4 34.4 77.2 Bilateral 58.4 115.8 61.3 89.4 83.6 102.6 60.0 98.9 Private Creditors -16.4 -9.1 -6.6 -0.4 -6.6 9.1 25.2 -2.0 Suppliers -1.7 -2.8 -3.2 -5.2 -7.5 -2.2 -0.4 -8.9 Financial Markets -11.6 -3.5 -2.0 6.2 1.6 11.9 26.1 7.4 INTEREST PAYMENTS(INT) 6.6 8.6 12.5 15.8 18.4 22.8 31.2 34.4 Official Creditors 4.0 6.5 10.6 14.5 16.8 21.9 27.6 28.1 Multilateral 1.5 3.3 7.5 9.6 12.4 15.6 18.6 19.6 IBRD 1.1 2.6 6.6 8.2 10.7 13.2 15.3 15.5 IDA 0.4 0.4 0.7 0.9 1.1 1.3 1.6 1.9 Bilateral 2.4 3.3 3.1 4.9 4.4 6.3 9.1 8.6 Private Creditors 2.7 2.1 2.0 1.4 1.6 0.9 3.6 6.3 Suppliers 0.1 0.0 0.2 0.5 - - - - Financial Markets 1.9 1.6 1.5 0.9 1.6 0.9 3.6 6.3 99 TANZANIA (UJSS Mi 1 liOnS) 1972 1974 1976 1977 1978 1979 1980 1981 NET TRANSFERS 53.7 120.1 79.5 147.7 ,33.4 175.3 158.6 168.9 Official Creditors 72.8 131.2 88.1 149.5 141.7 167.0 136.9 177.2 Multilateral 16.8 18.6 29.9 64.9 62.5 70.8 86.0 86.8 IBRD 12.1 5.4 3.1 14.7 14.8 16.6 14.1 -3.2 IDA 2.3 5.2 27.5 35.5 22.9 37.1 32.8 75.3 Bilateral 56.0 112.6 58.2 84.6 79.1 96.3 50.9 90.4 Private Creditors -19.1 -11.2 -8.6 -1.8 -8.3 8.3 21.7 -8.3 Suppliers -1.9 -2.8 -3.4 -5.6 -7.5 -2.2 -0.4 -8.9 Financial Markets -13.6 -5.0 -3.6 5.3 0.0 11.0 22.5 1.1 TOTAL DEBT SERVICE(TDS) 47.7 23.4 27.7 36.1 38.2 39.1 51.6 107.1 Official Creditors 25.7 12.2 18.0 25.9 27.1 34.3 44.1 70.4 Multilateral 1.7 3.7 9.5 14.2 15.7 20.4 25.0 38.8 IBRD 1.3 2.8 7.2 9.3 12.6 16.4 20.1 22.5 IDA 0.4 0.7 1.6 3.8 1.4 1.9 2.2 8.8 Bilateral 23.9 8.5 8.5 11.8 11.4 13.9 19.1 31.6 Private Creditors 22.1 11.2 9.7 10.1 11.0 4.8 7.5 36.8 Suppliers 1.9 2.8 4.6 5.6 7.5 2.2 0.4 13.3 Financial Markets 16.6 5.0 3.6 3.1 2.8 2.0 6.7 22.9 AVERAGE TERMS: PUBLIC DEBT NEW COMMITMENTS ALL CREDITORS Interest (%) 3.6 2.3 2.2 3.1 2.6 4.7 2.3 2.2 Maturity (years) 28.1 32.1 39.5 34.8 35.4 24.6 28.8 33.0 Grace Pariod (years) 7.1 9.4 9.0 8.0 9.0 5.8 7.2 7.2 Grant Element (%) 49.6 63.1 67.2 56.8 60.8 37.8 57.3 59.9 OFFICIAL CREDITORS Interest (%) 3.2 2.3 1.8 3.1 2.6 3.5 1.8 2.2 Maturity years) 29.4 32.1 41.7 34.8 35 4 28.3 29.9 33.0 Grace Period (years) 7.5 9.4 9.3 8.0 9.0 6.6 7.6 7.2 Grant Element (%) 52.7 63.1 71.2 56.9 60.8 47.2 61.0 5S.9 PRIVATE CREDITORS Interest (°/) 8.4 - 8.3 9.3 - 9.0 9.4 - Maturity (years) 9.6 - 5.0 14.8 - 11.9 10.9 - Grace Period (years) 1.8 - 3.5 0.8 - 3.2 1.4 - Grant Element (%) 5.8 - 5.0 3.7 - 4.9 1.2 - MAJOR ECONOMIC AGGREGATES (U.S. $ MILLIONS) Gross Nat. Product (GNP) 1,558 2,234 2,768 3,520 4,361 4,452 4,920 5,836 Exports of G. & S. XGS) 412 488 633 658 627 694 719 ImDorts of G. & S. (MGS) 473 823 722 844 1.267 1,214 1,408 Intl. Reserves (RES) 120 50 112 282 100 68 20 19 PRINCIPAL RATIOS DOD/XGS % 89.6 127.2 143.4 167.2 182.1 173.2 189.2 DOD/GNP % 23.7 27.8 32.8 31.3 26.2 27.0 27.6 25.3 TDS/XGS % 11.6 4.8 4.4 5.5 6.1 5.6 7.2 TDS/GNP % 3.1 1.0 1.0 1.0 0.9 0.9 1.0 1.8 INT/XGS % 1.6 1.8 2.0 2.4 2.9 3.3 4.3 INT/GNP % 0.4 0.4 0.5 0.5 0.4 0.5 0.6 0.6 RES/DOD % 32.4 8.1 12.4 25.6 8.7 5.7 1.5 1.3 RES/MGS months) 3.0 0.7 1.9 4.0 0.9 0.7 0.2 MEMORANDA Proportion of Disbursed Debt Concessional Loans (%) 66.4 79.2 82.8 83.4 80.3 75.9 74.6 73.2 Var. Int. Rate Loans (% 0.9 0.4 0.2 0.1 - 1.0 0.8 0.9 Use of IMF Credit(US$ mil - 47.6 97.2 105.4 83.5 112.4 119.2 98.6 1982 1983 1984 1985 1986 1987 1988 1989 PROJECTED PUBLIC DEBT SERVICE TOTAL DEBT SERVICE 95.3 115.4 137.8 142.5 146.7 148.6 146.3 141.1 Principal 55.1 70.5 90.9 95:7 101.9 107.2 109.1 108.2 Interest 40.2 44.9 47.0 46.8 44.7 41.4 37.2 32.9 OFFICIAL CREDITORS 76.2 97.7 119.9 125.2 130.2 133.1 131.8 128.2 Principal 42.3 59.4 79.2 84.2 90.7 96.0 97.9 97.5 Interest 33.9 38.3 40.7 40.9 39.5 37.1 34.0 30.7 PRIVATE CREDITORS 19.1 17.7 18.0 17.3 16.5 15.5 14.5 12.8 Principal 12.8 11.1 11.6 11.4 11.3 11.3 11.3 10.6 Interest 6.3 6.6 6.3 5.9 5.2 4.3 3.2 2.2 100 TOGO (USs Mi!1lions) 1972 1974 1976 1977 1978 1979 1980 1981 TOTAL DEBT OUTSTANDING DISBURSED ONLY TOTAL DEBT .. Public / Publicly Guar. 47.0 89.3 177.6 321.4 624.3 850.2 909.0 860.2 Private Non-guaranteed . . .. .. . . .. PUBLIC / PUBLICLY GUARANTEED DEBT DEBT OUTS. INC. UNDISB. 61.8 144.3 370.6 618.1 957.3 1,036.4 1,063.0 1,025.6 Official Creditors 41.7 85.0 109.1 267.1 374.2 512.2 646.2 776.5 Multilateral 5.4 25.1 46.6 111.3 156.4 206.0 223.5 2E5.5 IBRD - - 3.5 3.5 3.5 3.5 3.5 3.4 IDA 3.9 19.0 28.5 52.5 58.3 74.5 84.6 109.2 Bilateral 36.3 59.9 62.6 155.8 217.8 306.2 422.7 521.0 Private Creditors 20.1 59.3 261.5 350.9 583.1 524.2 416.8 249.1 Suppliers 16.6 26.3 97.6 116.5 139.1 99.7 65.7 33.0 Financial Markets 3.5 33.0 163.9 234.4 444.0 424.5 351.1 216.2 DEBT OUTS. DISB. (DOD) 47.0 89.3 177.6 321.4 624.3 850.2 909.0 860.2 Official Creditors 37.8 55.5 68.8 110.0 217.8 378.6 496.8 613.3 Multilateral 4.6 6.0 14.9 27.9 72.4 100.0 139.7 146.2 IBRD - - ..- 3.5 3.5 3.5 3.4 IDA 3.4 4.1 10.6 16.3 23.1 30.6 43.1 50.6 Bilateral 33.2 49.5 53.9 82.1 145.4 278.6 357.1 467.1 Private Creditors 9.2 33.8 108.8 211.5 406.5 471.7 412.2 246.9 Suppliers 6.7 21.9 58.2 90.3 122.0 95.2 65.7 33.0 Financial Markets 2.5 11.9 50.6 121.1 284.5 376.5 345.5 213.9 COMMITMENTS 12.5 18.8 226.2 279.2 287.1 72.6 100.1 65.2 Official Creditors 4.2 12.8 16.7 144.7 85.3 57.8 86.7 65.2 Multilateral 1.5 9.4 16.5 61.8 38.7 47.3 25.1 47.6 IBRD - - 3.5 - - - - - IDA - 6.0 9.5 24.0 5.8 16.2 11.0 25.0 Bilateral 2.8 3.5 0.2 82.9 46.6 10.5 61.6 17.7 Private Creditors 8.3 6.0 209.4 134.5 201.8 14.9 13.3 - Suppliers 7.4 3.6 77.6 73.7 2i.4 - 8.3 - Financial Markets 1.0 2.3 131.9 60.8 180.4 14.9 5.1 - DISBURSEMENTS 7.5 31.1 81.3 170.7 291.9 215.8 106.6 37.7 Official Creditors 4.7 8.3 9.1 35.5 92.2 79.3 56.2 35.9 Multilateral 1.8 0.2 6.8 12.6 41.6 26.4 44.3 16.7 IBRD - - - - 3.5 - - - IDA 0.6 0.2 4.4 5.7 6.8 7.6 12.5 7.6 Bilateral 2.9 8.1 2.3 22.8 50.6 52.9 11.9 19.1 Private Creditors 2.8 22.8 72.3 135.3 199.7 136.5 50.4 1.8 Suppliers 2.8 12.1 54.5 71.2 51.0 12.5 12.5 - Financial Markets - 10.7 17.8 64.0 148.7 124.0 37.9 1.8 PRINCIPAL REPAYMENTS 4.2 6.5 19.5 47.0 36.6 27.5 29.9 21.1 Official Creditors 2.1 2.3 2.5 2.1 4.0 14.0 21.3 16.8 Multilateral - - 0.2 0.2 0.3 0.3 0.1 0.4 IBRD - - - - - 0.1 IDA - - - - - 0.0 0.0 0.0 Bilateral 2.1 2.3 2.3 1.9 3.7 13.7 21.2 16.5 Private Creditors 2.1 4.2 17.0 44.9 32.6 13.4 8.6 4.2 Suppliers 1.0 2.8 15.9 42.0 26.0 9.3 4.1 1.3 Financial Markets 1.1 1.4 1.2 3.0 6.6 4.1 4.5 2.9 NET FLOWS 3.4 24.6 61.9 123.7 255.3 188.3 78.7 16.6 Official Creditors 2.6 6.0 6.6 33.4 88.2 65.2 34.9 19.0 Multilateral 1.8 0.2 6.6 12.4 41.3 26.1 44.2 16.4 IBRD - - - - 3.5 - - -0.1 IDA 0.6 0.2 4.4 5.7 6.8 7.5 12.5 7.6 Bilateral 0.8 5.8 0.0 20.9 46.9 39.1 -9.4 2.7 Private Creditors 0.7 18.6 55.2 90.3 167.1 123.1 41.8 -2.5 Suppliers 1.S 9.3 38.6 29.3 25.0 3.2 8.5 -1.3 Financial Markets -1.1 9.3 16.6 61.1 142.1 119.9 33.3 -1.1 INTEREST PAYMENTS(INT) 1.1 2.0 3.6 9.7 11.2 9.5 30.2 19.3 Official Creditors 0.8 1.1 1.4 1.3 2.7 6.7 13.5 9.2 Multilateral 0.0 0.1 0.2 0.3 0.7 1.5 2.1 2.1 IBRD - - - - 0.1 0.3 0.3 0.3 IDA 0.0 0.0 0.0 0.1 0.1 0.2 0.3 0.3 Bilateral 0.7 0.9 1.2 1.0 2.0 5.2 11.4 7.1 Private Creditors 0.3 0.9 2.2 8.4 8.5 2.8 16.7 10.2 Suppliers 0.2 0.8 1.8 2.0 2.5 1.4 0.2 0.5 Financial Markets 0.2 0.2 0.4 6.4 6.0 1.4 16.5 9.7 101 TOGO (US$ .Mi II i 0ilS, 1972 1974 1976 1977 1978 1979 1980 1981 NET TRANSFERS 2.3 22.6 5S.3 114.0 244.1 178.8 46.4 -2.8 Official Creditors 1.9 4.9 5.2 32.0 85.5 58-.5 21.3 9.9 Multi.ateral 1.8 0.1 6.5 12.1 40.6 24.5 42.i 14.3 IBRD - - - - 3.4 -0.3 -0.3 -O t IDA 0.5 0.2 4.4 5.6 6.7 7.3 12.2 7.2 Bilateral 0.1 4.8 -1.2 19.9 44.9 34.0 -20.8 -4.4 Private Creditors 0.4 17.7 53.1 81.9 158.6 120.3 25.1 -12.6 Suppliers 1.7 8.5 36.8 27.2 22.5 1.8 8.3 -1.8 Financial Markets -1.3 9.1 16.2 54.7 136.1 118.5 16.8 -10.8 TOTAL DEBT SERVICE(TDS) 5.3 8.5 23.1 56.8 47.8 37.0 60.1 40.4 Official Creditors 2.9 3.4 3.9 3.4 6.7 20.8 34.9 26.0 Multilateral 0.0 0.1 0.4 0.5 1.0 1.8 2.2 2.5 IBRD - - - 0.1 0.3 0.3 0.4 IDA 0.0 0.0 0.0 0.1 0.1 0.2 0.3 0.4 Bilateral 2.8 3.3 3.5 2.9 5.7 18.9 32.e 23.5 Private Creditors 2.4 5.1 19.2 53.3 41.1 16.2 25.3 14.4 Suppliers 1.1 3.5 17.6 44.0 28.5 10.7 4.2 1.8 Financial Markets 1.3 1.6 1.6 9.3 12.6 5.5 21.1 12.6 AVERAGE TERMS: PUBIIC DEBT NEW COMMITMENTS ALL CREDITORS Interest %) 5.4 5.2 7.4 5.0 7.7 2.4 3.6 3.6 Maturity (years) 13.4 22.2 9.7 22.0 11.1 30.1 23.7 35.5 G-ace Period (years) 3.3 5.5 3.0 5.2 2.7 7.0 7.3 7.7 Grant Element (%) 24.2 35.0 11.1 36.3 12.5 57.9 48.1 54.5 OFFICIAL CREDITORS Interest (%) 3.0 3.7 3.3 2.6 5.6 1.2 2.8 3.6 Maturity (years) 27.4 29.9 36.2 33.9 19.6 36.0 25.9 35.5 Grace Period (years) 7.0 7.2 9.4 7.8 4.1 8.3 7.9 7.7 Grant Element (%) 52.4 49.5 57.0 60.7 30.2 70.0 54.4 54.5 PRIVATE CREDITORS Interest (%) 6.6 8.5 7.8 8.1 8.6 6.8 10.0 - Maturity years) 6.3 5.6 7.0 7.5 7.4 7.2 7.1 - Grace Period (years) 1.5 1.6 2.3 1.9 2.1 2.2 2.9 - Grant Element (%) 9.9 3.9 6.4 6.3 4.8 10.8 -0.4 - MAJOR ECONOMIC AGGREGATES (US. $ MILLiONS) Gross Nat. Product (GNP) 329 559 617 682 850 886 991 867 Exports of G. & S. (XGS) 82 240 196 242 315 355 . Imports of G. & S. (MGS) 126 147 257 371 584 639 . Intl. Reserves (RES) 37 55 67 47 72 72 85 156 PRINCIPAL RATIOS e DOD/XGS %. 57.5 37.2 90.4 132.8 198.4 239.7 . DOD/GNP %) 14.3 16.0 28.8 47.1 73.4 95.9 91.8 99.2 TDS/XGS % 6.5 3.6 11.7 23.4 15.2 10.4 . TDS/GNP %) 1.6 1.5 3.7 8.3 5.6 4.2 6.1 4.7 INT/XGS % 1.4 0.8 1.8 4.0 3.6 2.7 . INT/GNP °/0) 0.3 C.4 0.6 1.4 1.3 1.1 3.1 2.2 RES/DOD % 77.6 61.0 37.5 14.7 11.6 8.5 9.3 18.2 RES/MGS (months) 3.5 4.4 3.1 1.5 1.5 1.4 . MEMORANDA Proportion of Disbursed Debt Concessional Loans (%) 75.6 56.5 35.6 31.6 29.4 29.7 30.2 30.9 Var. Int. Rate Loans (%) - 13.2 25.3 19.8 14.9 13.1 12.9 10.1 Use of IMF Credit(US$ mil) - - 8.7 9.1 - - 13.9 21.1 1982 1983 1984 19BS 1986 1987 1988 1989 PROJECTED PUBLIC DEBT SERVICI TOTAL DEBT SERVICE 90.8 143.8 128.5 101.5 101.9 93.8 83.0 64.3 Principal 53.7 100.6 93.1 72.1 77.0 73.8 67.5 52.7 Interest 37.1 43.2 35.4 29.4 24.9 20.0 15.5 11.6 OFFICIAL CREDITORS 62.2 55.0 60.3 68.5 84.8 84.8 78.7 64.0 Principal 33.3 26.8 33.0 42.8 61.7 65.7 63.5 52.4 interest 28.9 28.2 27.3 25.8 23.1 19.2 15.2 11.6 PRIVATE CREDITORS 28.6 88.8 68.2 33.0 17.1 8.9 4.3 0.3 Principal 20.4 73.8 60.1 29.3 15.3 8.2 4.0 0.2 Interest 8.2 15.0 8.1 3.7 1.8 0.8 0.3 0 1 I02 UGANDA (USs Mi lions) 1972 1974 1976 1977 1978 1979 1980 1981 TOTAL DEBT OUTSTANDING DISBURSED ONLY TOTAL DEBT .. .. .. Public / Publicly Guar. 161.7 199.7 228.0 262.3 329.0 461.8 568.4 553.5 Private Non-guaranteed .. .. .. .. .. PUBLIC / PUBLICLY GUARANTEED DEBT DEBT OUTS. INC. UNDISB. 219.3 292.2 352.4 283.8 498.8 580.5 859.3 779.6 Official Creditors 188.4 261.6 299.7 332.9 394.7 576.7 '719.7 646.3 Multilateral 54.6 74.8 82.0 91.9 104.5 103.3 245.4 256.2 IBRD 5.1 4.1 3.0 2.4 2.1 1.4 0.7 - IDA 46.1 48.6 48.0 47.9 47.7 47.5 102.1 114.1 Bilateral 133.8 186.8 217.7 241.0 290.2 473.3 474.4 390.1 Private Creditors 30.9 30.6 52.6 50.9 104.1 103.9 139.5 133.2 Suppliers 1.0 18.5 46.7 45.0 78.3 77.2 76.1 69.8 Financial Markets 19.6 5.1 3.1 3.4 24.0 25.2 61.9 61.9 DEBT OUTS. DISB. (DOD) 161.7 199.7 228.0 262.3 329.0 461.8 568.4 553.5 Official Creditors 131.8 175.1 208.9 211.4 245.2 379.1 455.5 434 8 Multilateral 34.7 55.1 63.0 67.9 74.9 78.3 1iO.2 146.0 IBRD 5.1 4.1 3.0 2.4 2.1 1.4 0.7 - IDA 29.5 36.8 42.2 43.0 44.5 45.6 46.3 57.9 Bilateral 97.2 120.0 145.9 143.5 170.3 300.8 345.3 288.8 Private Creditors 29.9 24.6 19.0 50.9 83.8 82.7 113.0 118.7 Suppliers - 12.4 13.0 45.0 '78.3 77.2 76.1 72.6 Financial Markets 19.6 5.1 3.1 3.4 3.7 4.0 35.3 42.1 COMMITMENTS 40.2 56.7 51.4 40.7 104.5 189.8 206.7 52.6 Official Creditors 31.4 38.3 17.7 40.7 51.1 183.9 155.2 52.6 Multilateral - 17.1 5.6 10.4 11.7 - 145.5 16.1 IBRD - - - - - - - - IDA - - - - - - 55.0 15.9 Bilateral 31.4 21.2 12.1 30.3 39.4 183.9 9.6 36.5 Private Creditors 8.7 18.4 33.6 - 53.4 5.9 51.6 - Suppliers 1.1 18.4 33.6 - 34.5 5.9 11.8 - Financial Markets - - - - 18.9 - 39.8 - DISBURSEMENTS 34.0 37.4 39.4 44.5 64.1 142.9 130.8 117.9 Official Creditors 26.3 24.6 33.8 10.9 29.6 137.0 87.4 96.6 Multilateral 6.3 12.8 6.7 5.4 7.1 4.7 34.3 40.9 IBRD - - - - - - - - IDA 6.3 1.2 2.7 0.9 1.7 1.3 1.1 15.4 Bilateral 20.0 11.9 27.1 5.5 22.6 132.3 53.1 55.8 Private Creditors 7.7 12.8 5.6 33.6 34.5 5.9 43.4 21.3 Suppliers - 12.8 5.6 33.6 34.5 5.9 11.8 - Financial Markets - - - - - - 31.7 21.3 PRINCIPAL REPAYMENTS 4.7 9.2 5.5 18.3 11.6 13.7 11.4 40.0 Official Creditors 2.3 3.7 2.9 15.4 5.9 4.4 2.6 33.7 Multilateral 0.5 0.5 0.8 1.0 0.8 1.5 1.3 5.3 IBRD 0.5 0.5 0.6 0.6 0.3 0.7 0.7 0.7 IDA - - - 0.1 0.2 0.2 0.4 3.8 Bilateral 1.8 3.2 2.1 14.4 5.0 2.9 1.3 28.4 Private Creditors 2.5 5.4 2.5 2.9 5.7 9.3 8.9 6.3 Suppliers - 1.4 1.8 2.2 4.9 8.8 8.9 6.3 Financial Markets 0.9 2.1 - - - - - - NET FLOWS 29.2 28.3 33.9 26.2 52.6 129.2 119.4 78.0 Official Creditors 24.1 20.9 30.8 -4.5 23.8 132.6 84.8 62.9 Multilateral 5.8 12.3 5.8 4.4 6.2 3.2 33.0 35.6 IBRO -0.5 -0.5 -0.6 -0.6 -0.3 -0.7 -0.7 -0.7 IDA 6.3 1.2 2.7 0.8 1.5 1.0 0.7 11.6 Bilateral 18.2 8.6 25.0 -8.9 17.6 129.4 51.8 27.3 Private Creditors 5.2 7.4 3.1 30.8 28.8 -3.4 34.6 15.0 Suppliers - 11.4 3.9 31.5 29.5 -2.9 2.9 -6.3 Financial Markets -0.9 -2.1 - - - - 31.7 21.3 INTEREST PAYMENTS(INT) 4.4 4.1 2.1 3.7 2.8 3.4 2.8 10.4 Official Creditors 2.6 2.7 1.6 3.4 1.7 2.6 2.2 5.5 Multilateral 0.5 0.7 0.8 0.9 0.8 1.6 1.0 1.7 IBRD 0.3 0.3 0.2 0.2 0.1 0.2 0.1 0.1 IDA 0.2 0.3 0.3 0.3 0.3 0.3 0.3 0.3 Bilateral 2.1 2.0 0.9 2.5 0.9 1.0 1.2 3.8 Private Creditors 1.8 1.4 0.5 0.3 1.1 0.8 0.5 4.8 Suppliers - 0.4 0.2 0.1 1.0 0.6 0.4 2.0 Financial Markets 1.1 0.2 - - - 0.1 0.1 2.8 103 UGANDA (USS Mil7ions) 1972 1974 1976 1977 1978 1979 1980 1981 NET TRANSFERS 24.8 24.1 31.8 22.5 49.7 125.8 116.6 67.6 Official Creditors 21.5 18.2 29.2 -7.9 22.1 130.0 82.6 57.4 Multilateral 5.3 11.6 5.1 3.5 5.4 1.6 32.0 33.8 IBRD -0.8 -0.8 -0.8 -0.8 -0.4 -0.9 -0.8 -0.8 IDA 6.1 0.9 2.4 0.5 1.2 0.7 C.4 11.3 Bilateral 16.2 6.6 24.1 -11.4 16.7 128.4 50.6 23.5 Private Creditors 3.3 6.0 2.6 30.4 27.7 -4.3 34.0 10.2 Suppliers - 11.1 3.7 31.4 28.6 -3.5 2.5 -8.2 Financial Markets -1.9 -2.3 - - - -0.1 31.6 18.5 TOTAL DEBT SERVICE(TDS) 9.2 13.3 7.6 22.0 14.4 17.1 14.2 50.3 Official Creditors 4.9 6.4 4.6 18.8 7.6 7.0 4.S 39.2 Multilateral 1.0 1.2 1.6 1.9 1.7 3.1 2.3 7.0 IBRD 0.8 0.8 0.8 0.8 0.4 0.9 0.8 0.8 IDA 0.2 0.3 0.3 0.4 0.5 0.6 0.7 4.1 Bilateral 3.8 5.3 3.0 16.9 5.9 3.9 2.5 32.2 Private Creditors 4.3 6.9 3.0 3.2 6.8 10.1 9.4 11.1 Suppliers - 1.7 1.9 2.3 5.9 9.4 9.3 8.2 Financial Markets 1.9 2.3 - - - 0.1 0.1 2.8 AVERAGE TERMS: PUBLIC DEBT NEW COMMITMENTS ALL CREDITORS Interest (%) 1.5 3.7 6.4 2.9 5.8 8.0 3.6 5.3 Maturity (years) 11.4 13.5 7.3 21.0 9.1 4.4 26.9 17.2 Grace Period (years) 4.1 5.8 2.0 4.7 3.0 1.4 6.4 3.6 Grant Element (%) 42.8 37.5 12.4 47.5 17.2 4.0 47.9 28.9 OFFICIAL CREDITORS Interest (%) 0.1 2.0 2.7 2.9 4.9 7.9 1.9 5.3 Maturity (years) 12.1 15.9 8.7 21.0 14.3 4.4 33.7 17.2 Grace Period (years) 5.2 8.1 2.4 4.7 4.2 1.4 8.2 3.6 Grant Element (%) 51.6 51.4 26.6 47.5 28.3 4.2 62.G 28.9 PRIVATE CREDITORS Interest (%) 6.5. 7.2 8.3 - 6.7 9.5 8.8 - Maturity (years) 8.8 8.5 6.5 - 4.2 1.8 6.4 - Grace Period (years) 0.5 0.9 1.7 - 1.9 0.9 1.3 - Grant Element (%) 11.5 8.8 4.8 - 6.7 0.1 3.4 - MAJOR ECONOMIC AGGREGATES (U.S. $ MILLIONS)' Gross Nat. Product (GNP) 1,563 2,227 3,154 6,571 9,048 15,723 31,587 5,364 Exports of G. & S. XGS) 292 308 336 556 338 415 336 Imports of G. & S. (MGSJ 272 334 299 487 471 395 590 Intl. Reserves (RES) 36 17 45 47 53 23 17 PRINCIPAL RATIOS DOD/XGS (%) 55.5 64.9 67.9 47.2 97.3 111.3 169.0 DOD/GNP % 10.3 9.0 7.2 4.0 3.6 2.9 1.8 10.3 TDS/XGS % 3.2 4.3 2.3 4.0 4.3 4.1 4.2 TDS/GNP % 0.6 0.6 0.2 0.3 0.2 0.1 - 0.9 INT/XGS % 1.5 1.3 0.6 0.7 0.8 0.8 0.8 INT/GNP % 0.3 0.2 0.1 0.1 - - - 0.2 RES/DOD (% 22.3 8.4 19.6 18.0 16.0 4.9 3.0 RES/MGS months) 1.6 0.6 1.8 1.2 1.3 0.7 0.3 MEMORANDA Proportion of Disbursed Debt Concessional Loans (%) 66.5 77.0 80.6 72.0 67.5 48.7 42.9 36.3 Var. Int. Rate Loans (%) - - - - - - 1.0 0.9 Use of IMF Credit(US$ m il) 10.9 18.3 38.0 39.8 38.0 34.5 60.9 186.2 1982 1983 1984 1985 1986 1987 1988 1989 PROJECTED PUBLIC DEBT SERVICE TOTAL DEBT SERVICE 122.2 104.3 50.8 39.9 32.4 27.2 22.9 22.3 Principal 110.0 94.5 30.3 32.3 25.8 21.8 18.1 18.0 Interest 12.2 9.8 20.5 7.6 6.6 5.4 4.8 4.3 OFFICIAL CREDITORS 97.5 88.6 37.0 27.7 30.2 25.2 22.6 21.9 Principal 89.8 81.8 18.5 21.1 24.0 19.9 17.8 17.7 Interest 7.7 6.8 18.5 6.6 6.3 5.2 4.7 4.2 PRIVATE CREDITORS 24.7 15.7 13.8 12.2 2.2 2.1 0.4 0.3 Principal 20.2 12.7 11.8 11.2 1.9 1.9 0.3 0.3 Interest 4.5 3.0 2.0 1.0 0.3 0.2 0.1 0.1 104 UPPER VOLTA (LIS$ 1f$ I )ons) 1972 1974 1976 1977 1978 1979 1f80 1i91 TOTAL DEBT OUTSTANDING DISBURSED ONLY TOTAL DEBT Public / Publicly Cuar. 19.7 47.0 86.5 137.8 190.4 271.1 323.0 296.2 Private Non-guaranteed - . . .. .. . .-. . PUBLIC / PUBLICLY GUARANTEED DEBT DEBT OUTS. INC. UNDISB. 41.3 148.1 251.6 299.1 357.8 430.4 508.0 474.0 Official Creditors 40.0 146.2 249.1 297.1 355.2 413.7 493.2 460.1 Multilateral 17.9 45.4 114.9 139.0 172.1 218.3 272.0 294.3 IBRD IDA 12.0 30.9 76.8 89.6 97.8 108.3 129.8 144.1 Bilateral 22.1 100.8 134.2 158.0 183.1 195.4 221.2 165.8 Private Creditors 1.3 1.9 2.6 2.1 2.6 16.7 14.8 13.9 Suppliers 1.3 1.9 1.0 0.6 0.2 - 0.7 0.5 Financial Markets 0.0 0.0 1.6 1.5 2.4 16.7 14.1 13.4 DEBT OUTS. DISB. (DOD) 19.7 47.0 86.5 137.8 190.4 271.1 323.0 296.2 Official Creditors 18.4 46.1 85.2 135.7 188.2 254.4 305.2 286.6 Multilateral 3.4 17.1 34.1 62.4 96.4 141.5 182.3 196.8 IBRD - - - - - - - - IDA 1.6 5.5 18.3 31.0 46.5 65.4 77.2 84.2 Bilateral 14.9 29.0 51.1 73.3 9i.8 112.9 126.0 89.8 Private Creditors 1.3 0.9 1.3 2.1 2.2 16.7 14.8 9.6 Suppliers 1.3 0.9 1.0 0.6 0.2 - 0.7 0.5 Financial Markets 0.0 0.0 0.3 1.5 2.0 16.7 14.1 9.1 COMMITMENTS 15.8 19.4 63.4 40.7 45.9 78.4 112.2 60.7 Official Creditors 15.6 18.5 62.2 40.7 44.8 64.3 110.3 56.1 Multilateral 10.4 9.8 44.2 23.0 29.7 48.5 60.1 39.5 IBRD - - - - - - - - IDA 5.0 9.4 29.4 12.8 S.2 14.0 21.0 14.6 Bilateral 5.2 8.7 18.0 17.7 15.1 15.8 50.2 16.5 Private Creditors - 0.9 1.2 - 1.1 14.1 1.9 4.6 Suppliers - 0.9 - - - - 0.8 - Financial Markets - - 1.2 - 1.1 14.1 1.1 4.6 DISBURSEMENTS 5.7 16.7 27.3 49.2 44.3 80.8 78.6 43.6 Official Creditors 5.7 16.7 27.3 47.9 43.5 66.3 76.6 43.6 My tilateral 3.0 7.3 8.6 27.8 32.1 45.2 45.0 26.0 I BRD - IDA 1.G 2.3 7.0 12.7 15.5 18.9 11.8 7.1 Bilateral 2.8 9.4 18.6 20.1 11.5 21.1 31.7 17.6 Private Creditors - - - 1.2 0.8 14.5 1.9 - Suppliers - - - 0.8 - Financial Markets - - - 1.2 0.8 14.5 1.1 - PRINCIPAL REPAYMENTS 1.5 2.5 3.1 3.7 4.6 4.7 9.4 7.7 Official Creditors 1.4 2.2 2.5 3.2 3.9 3.8 7.5 5.6 Multilateral 0.0 0.0 0.3 0.7 0.7 1.1 1.3 3.3 IBRD - - - - - - - IDA - - - - - 0.0 0.0 0.1 Bilateral 1.4 2.i 2.2 2.5 3.2 2.8 6.2 2.2 Private Crecitors 0.1 0.3 0.6 0.6 0.7 0.9 2.0 2.2 Suppliers 0.1 0.3 0.5 0.5 0.4 0.2 - 0.1 Financial Markets 0.1 0.0 0.1 0.1 0.3 0.7 2.0 2.1 NET FLOWS 4.2 14.2 24.2 45.4 39.7 76.0 6S.1 35.9 Official Creditors 4.3 14.5 24.8 44.8 39.6 62.4 69.2 38.1 Multilateral 3.0 7.3 8.3 27.2 31.3 44.1 43.7 22.7 IBRD - - - - - - - - IDA 1.6 2:3 7.0 12.7 15.5 18.9 11.8 7.1 Bilateral 1.4 7.3 16.5 17.6 8.3 18.3 25.5 15.4 Private Creditors -0.1 -0.3 -0.6 0.7 0.0 13.6 -0.1 -2.2 Suppliers -0.1 -0.3 -0.5 -0.5 -0.4 -0.2 0.8 -0.1 Financial Markets -0.1 0.0 -0.1 1.2 0.4 13.8 -08 -2.1 INTEREST PAYMENTS(INT) 0.5 1.1 1.6 1.8 2.8 4.6 6.6 6.3 Official Creditors 0.5 1.0 1.4 1.6 2.4 3.4 4.3 5.3 Multilateral 0.0 0.3 0.5 0.8 1.0 1.4 2.0 2.2 IBRD - - - - - . - - !DA 0.0 0.0 0.1 0.2 0.3 0.4 0.5 0.6 Bilateral 0.5 0.8 1.0 0.8 1.4 2.t 2.2 3.1 Private Creditcrs 0.0 0.1 0.1 0.2 0.2 1.1 2.4 1.0 Suppliers 0.0 0.1 0.1 0.1 0.0 0.0 0.0 0.0 Financial Markets 0.0 - 0.0 0.1 0.2 1.1 2.3 1.0 J' 105 UPPER VOLTA (US$ Mi ifions) 1972 1974 1976 1977 1978 1979 1980 1981 NET TRANSFERS 3.7 13.1 22.6 43.6 37.0 71.5 62.5 29.6 Official Creditors 3.8 13.5 23.3 43.1 37.2 59.0 64.9 32.7 Multilateral 2.9 7.0 7.8 26.4 30.3 42.8 41.7 20.5 IBRD - - - - - - - IDA 1.6 2.3 6.8 12.6 15.2 18.5 11.3 6.4 Bilateral 0.9 6.5 15.5 16.8 6.9 16.2 23.3 12.2 Private Creditors -0.1 -0.4 -0.7 0.5 -0.2 12.5 -2.4 -3.1 Suppliers -O." -0.4 -0.6 -0.5 -0.4 -0.2 0.8 -0.1 Financial Markets -0.1 0.0 -0.1 1.0 0.2 12.7 -3.2 -3.1 TOTAL DEBT SERVICE(TDS) 2.0 3.6 4.7 5.5 7.3 9.3 16.1 14.1 Official Creditors 1.9 3.2 4.0 4.8 6.3 7.3 11.7 10.9 Multilateral 0.0 0.3 0.8 1.4 1.8 2.4 3.3 5.6 IBRD - - - - - - - IDA 0.0 0.0 0.1 0.2 0.3 0.4 0.5 0.7 Bilateral 1.9 2.9 3.1 3.3 4.5 4.8 8.4 5.3 Private Creditors 0.1 0.4 0.7 0.7 1.0 2.0 4.4 3.1 Suppliers 0.1 0.4 0.6 0.5 0.4 0.2 0.0 0.1 Financial Markets 0.1 0.0 0.1 0.2 0.5 1.8 4.3 3.1 AVERAGE TERMS: PUBLIC DEBT NEW COMMITMENTS ALL CREDITORS Interest (%) 3.0 1.4 2.1 1.5 4.1 1.5 3.8 3.4 Maturity (years) 32.6 43.9 36.5 41.0 26.4 31.7 24.5 26.8 Grace Period (years) 6.8 8.8 8.0 9.2 6.2 174 7.1 6.8 Grant Element 12%) 54.0 73.3 64.3 71.9 44.8 62.2 44.0 48.8 OFFICIAL CREDITORS Interest (%) 3.0 1.1 2.0 1.5 3.9 1.4 3.7 3.0 Maturity (years) 32.6 45.8 37.1 41.0 26.8 36.8 24.8 28.6 Grace Period (years) 6.8 9.2 8.1 9.2 6.3 8.6 7.2 7.4 Grant Element (%) 54.0 76.7 65.5 71.9 46.0 69.6 44.7 52.6 PRIVATE CREDITORS Inter.est (%) - 7.0 8.4 - 11.0 2.2 7.8 8.5 Maturity (years) - 5.1 3.9 - 8.0 8.0 3.7 5.0 Grace Period (years) - 0.6 2.1 - 1.0 2.0 1.0 0.5 Grant Element (%) - 6.5 3.7 - -4.2 28.4 3.5 2.9 MAJOR ECONOMIC AGGREGATES (U.S. $ MILLIONS) Gross Nat. Product GNP) 411 536 690 795 1,057 1,265 1,341 1,255 Exports of G. & S. XGS) 71 119 156 178 214 .. . Imports of G. & S. (MGS) 118 221 283 368 440 .. . Intl. Reserves (RES) 48 84 71 57 38 67 75 75 PRINCIPAL RATIOSe DOD/XG (%G 27.7 39.7 55.3 77.3 88.8 . DODJGNP (% 4.8 8.8 12.5 17.3 18.0 21.4 24.1 23.6 TD5/XG5 (% 2.9 3.0 3.0 3.1 3.4 TD5/GNP % 0.5 0.7 0.7 0.7 0.7 0.7 1.2 1.1 INT/XGS % 0.8 0.9 1.0 1.0 1.2 .. . INT/GNP (%) 0.1 0.2 0.2 0.2 0.2 0.4 0.5 0.5 RES/DOD (% 240.8 177.8 82.5 41.5 20.1 24.8 23.2 25.4 RES/MGS (months) 4.8 4.5 3.0 1.9 1.0 .. . MEMORANDA Proportion of Disbursed Debt Concessional Loans (%) 74.3 83.4 89.5 91.9 93.8 85.0 85.1 87.5 Var. Int. Rate Loans (% - - - - - - - Use of IMF Credit(US$ mil - - - - - - - 1982 1983 1984 1985 1986 1987 1988 1989 PROJECTED PUBLIC DEBT SERVICE TOTAL DEBT SERVICE 17.6 16.3 25.2 27.1 31.1 29.6 29.6 27.8 Principal 11.5 9.6 18.0 19.9 24.2 23.3 23.7 22.5 Interest 6.1 6.6 7.1 7.2 6.9 6.3 6.0 5.3 OFFICIAL CREDITORS 14.0 13.4 22.4 24.4 28.7 28.3 29.6 27.8 Principal 8.3 7.2 15.6 17.5 21.9 22.1 23.7 22.5 Interest 5.7 6.2 6.8 7.0 6.8 6:3 6.0 5.3 PRIVATE CREDITORS 3.6 2.8 2.8 2.6 2.3 1.3 - - Principal 3.2 2.4 2.4 2.4 2.2 1.3 - - Interest 0.4 0.4 0.3 0.2 0.1 0.0 - - 105 ZAIRE (US$ Mil7ions) 1972 1974 1976 1977 1978 1979 1980 1981 TOTAL DEBT OUTSTANDING DISBURSED ONLY TOTAL DEBT .. .. .. Public / Publicly Guar. 573.0 1,342.7 2,265.7 2.877.9 3,5S7.8 3,789.6 3,816.7 3.959.6 Private Non-guaranteed . .. .. . .. .. PUBLIC / PUBLICLY GUARANTEED DEBT DEBT OUTS. INC. UNDISS. 790.0 2,621.9 3,i36.4 3,513.3 4,261.9 4,646.8 4,600.1 4,682.0 Official Creditors 245.6 754.8 1,322.4 1,497.2 2,069.7 2,274.8 2,995.4 3,247.2 Multilateral 85.5 135.7 361.4 400.6 515.1 663.7 744.1 764.0 IBRD 2.5 0.5 100.0 100.0 100.0 94.0 87.6 80.6 IDA 54.0 73.5 176.0 194.0 203.0 248.9 278.4 304.5 Bilateral 160.1 619.1 961.0 1,096.7 1,554.6 1,611.2 2,251.2 2,483.2 Private Creditors 544.4 1,86'7.2 1,914.0 2.016.1 2,192.2 2,371.9 1,604.8 1,434.9 Suppliers 287.6 602.1 551.3 560.9 596.0 692.3 332.2 304.4 Financial Markets 256.9 1,265.1 1,362.7 1,455.2 1,596.2 1,679.7 1,272.5 1,130.4 DEBT OUTS. DISB. (DOD) 573.0 1,342.7 2,265.7 2,877.9 3,587.8 3,789.6 3,816.7 3,959.6 Official Creditors 144.7 307.2 817.1 1,095.1 1,494.8 1,617.5 2,280.7 2,569.6 Multilateral 30.4 59.5 115.9 206.1 317.3 383.5 464.6 471.4 IERD 2.5 0.5 32.4 56.4 74.8 70.4 87.3 80.6 IDA 8.4 26.3 54.6 87.0 113.2 139.5 159.1 176.2 Bilateral 114.3 247.7 701.2 888.9 1,177.5 1,234.0 1,816.1 2,098.2 Private Creditors 428.3 1,035.5 1,448.6 1,782.8 2,093.0 2,172.0 1,536.0 1,389.9 Suppliers 224.7 385.5 426.3 517.7 590.9 595.6 317 1 289.3 Financial Markets 203.6 650.0 1,022.3 1,265.1 1,502.1 1,576.4 1,218.9 1,100.7 COMMITMENTS 203.7 992.9 376.2 240.5 494.3 406.9 470.7 154.1 Official Creditors 38.8 325.0 192.9 137.8 371.1 251.5 415.7 151.0 Multilateral 19.0 38.1 67.4 39.3 108.1 155.4 104.9 60.9 IBRD - - - - - - - - IDA 19.0 10.0 50.5 18.0 9.0 46.0 29.5 26.7 Bilateral 19.8 286.9 125.5 98.5 263.1 96.1 310.8 90.1 Private Creditors 164.9 667.9 183.3 102.7 123.1 155.4 55.0 3.1 Suppliers 20.0 148.2 30.1 22.6 22.3 91.4 15.2 3.1 Financial Markets 144.9 519.8 153.1 80.2 100.8 64.0 39.8 - DISBURSEMENTS 252.7 533.3 539.0 590.8 483.2 208.7 529.9 260.4 Official Creditors 40.8 141.8 183.8 248.2 220.9 152.5 348.4 238.1 Multilateral 21.9 13.4 39.9 91.0 108.5 75.2 100.5 35.7 IBRD - - 20.6 24.0 18.5 1.5 23.3 0.3 IDA 5.1 10.1 16.8 32.4 26.2 26.4 19.7 17.3 Bilateral 18.9 128.4 143.9 157.2 112.5 77.3 247.9 202.4 Private Creditors 211.9 391.5 355.2 342.6 262.3 56.2 181.5 22.3 Suppliers 89.5 143.5 106.2 106.5 62.2 - 96.4 3.1 Financial Markets 122.4 247.9 249.0 236.1 200.1 56.2 85.0 19.2 PRINCIPAL REPAYMENTS 44.0 126.4 36.9 45.0 48.4 73.3 149.6 90.2 Official Creditors 4.5 12.9 6.3 17.7 21.8 43.5 79.2 71.4 Multilateral 1.0 6.0 3.3 3.6 3.9 11.6 12.1 12.3 IBRD 1.0 1.0 - - - 6.0 6.4 7.0 IDA - - - - - 0.1 0.1 0.2 Bilateral 3.5 6.9 3.1 14.2 17.8 31.9 67.1 59.1 Private Creditors 39.4 113.5 30.6 27.2 26.7 29.9 70.4 18.8 Suppliers 28.2 73.5 20.6 15.8 8.8 11.7 18.7 1.9 Financial Markets 11.3 40.1 10.0 11.5 17.9 18.2 51.8 16.9 NET FLOWS 208.7 406.9 502.1 545.8 434.8 135.4 380.3 170.2 Official Creditors 36.2 129.0 177.4 230.5 199.2 109.0 269.2 166.7 Multilateral 20.9 7.5 36.6 87.4 104.5 63.6 88.4 23.4 IBRD -1.0 -1.0 20.6 24.0 18.5 -4.4 16.9 -6.6 IDA 5.1 1O.1 16.8 32.4 26.2 26.3 19.6 17.2 Bilateral 15.3 121.5 140.8 143.0 94.6 45.4 180.8 143.3 Private Creditors 172.5 278.0 324.7 315.4 235.6 26.4 t11.1 3.5 Suppliers 61.3 70.1 85.6 90.7 53.4 -11.7 77.8 1.2 Financial Markets 111.1 207.9 239.1 224.7 182.2 38.0 33.3 2.3 INTEREST PAYMENTS(INT) 17.0 S0.6 51.1 69.4 90.9 96.3 168.0 121.8 Official Creditors 3.1 6.9 15.8 21.9 25.8 34.0 105.1 50.8 Multilateral 0.2 2.0 5.2 6.2 9.3 12.7 11.6 12.8 IBRD 0.2 0.1 3.4 4.0 6.9 7.9 7.8 7.1 IDA 0.0 0.1 0.3 0.4 0.7 1.2 0.9 1.1 Bilateral 2.9 4.9 10.5 15.7 16.5 21.2 93.6 38.0 Private Creditors 13.9 53.7 35.3 47.5 65.1 62.4 62.8 71.0 Suppliers 5.5 15.0 8.1 7.6 8.8 12.9 12.0 3.4 Financial Markets 8.4 38.7 27.1 39.9 56.3 49.5 50.8 67.5 107 ZAIRE (US$ Mi i Iions) 1972 1974 1978 1977 1978 1979 1980 1981 NET 1'RANSFERS 191.7 346.3 451.0 476.5 343.9 39.0 212.3 48.4 Official Creditors 33.1 122.0 161.7 208.6 173.3 75.0 164.1 115.9 Multilateral 20.7 5.4 31.4 81.2 95.2 50.9 76.9 10.5 IBRD -1.2 -1.1 17.1 20.0 11.6 -12.3 9.1 -13.7 IDA 5.1 9.9 16.5 32.0 25.5 25.1 18.7 16.1 Bilateral 12.4 116.6 130.3 127.4 78.1 24.2 87.2 105.3 Private Creditors 158.6 224.3 289.4 267.9 170.5 -36.0 48.2 -67.5 Suppliers 55.8 55.1 77.5 83.1 44.7 -24.6 65.8 -2.3 Financial Markets 102.8 169.2 211.9 184.8 125.9 -11.4 -17.5 -65.2 TOTAL DEBT SERVICE(TDS) 60.9 187.0 S8.0 114.4 139.4 169.7 317.5 212.0 Official Creditors 7.6 19.8 22.1 39.6 47.6 77.4 184.3 122.2 Multilateral 1.2 8.0 8.5 9.8 13.3 24.3 23.6 25.1 IBRD 1.2 1.1 3.4 4.0 6.9 13.8 14.2 14.1 IDA 0.0 0.1 0.3 0.4 0.7 1.3 0.9 1.2 Bilateral 6.5 11.8 13.6 29.8 34.4 53.1 160.6 97.1 Private Creditors 53.3 167.2 65.8 74.8 91.8 92.3 133.2 89.8 Suppliers 33.6 88.5 28.7 23.4 17.5 24.6 30.6 5.3 Financial Markets 19.7 78.7 37.1 51.4 74.2 67.7 102.6 84.4 AVERAGE TERMS: PUBLIC DEBT NEW COMMITMENTS ALL CREDITORS Interest (%) 6.5 8.0 5.9 2.5 4.2 5.5 5.1 6.8 Maturity (years) 12.2 12.7 17.4 22.5 19.6 20.4 19.0 20.3 Grace Period (years) 3.7 4.6 4.6 5.0 4.6 6.2 5.4 5.3 Grant Element (%) 18.0 11.3 26.3 48.3 37.6 31.1 35.8 23.1 OFFICIAL CREDITORS Interest (%) 3.5 6.6 4.4 2.1 3.1 3.6 4.5 6.8 Maturity (years) 33.1 17.0 24.7 29.9 23.2 27.6 20.2 20.5 Grace Period (years) 8.9 7.3 6.1 6.7 5.2 8.1 5.8 5.4 Grant Element (%) 54.2 22.7 41.7 57.3 46.9 47.6 40.2 23.5 PRIVATE CREDITORS Interest (%) 7.2 8.7 7.5 3.0 7.5 8.7 9.2 8.0 Maturity (years) 7.3 10.6 9.8 12.6 8.8 8.6 9.8 7.8 Grace Period (years) 2.5 3.2 .3.1 2.6 2.6 3.2 2.3 1.8 Grant Element (%) 9.4 5.7 10.1 36.3 9.7 4.5 2.9 7.1 MAJOR ECONOMIC AGGREGATES (U.S. $ MILLIONS) Gross Nam. Product (GNP) 2,200 3,444 3,240 4,307 6,276 6,162 5,641 5,335 Expcrts of G. & S. (XGS) 767 1,700 1,193 1,313 .. .. . Imports of G. & S. (MGS) 1,229 2,291 2,156 2,934 .. .. . Intl. Reserves (RES) 218 212 85 177 195 336 380 294 PRINCIPAL RATIOS DOD/XGS % 74.7 79.0 189.9 219.2 .. .. . DOD/GNP % 26.1 39.0 69.9 66.8 57.2 61.5 67.7 74.2 TDS/XGS %) 7.9 11.0 7.4 8.7 .. TDS/GNP %) 2.8 5.4 2.7 2.7 2.2 2.8 5.6 4.0 INT/XGS % 2.2 3.6 4.3 5.3 .. .. . INT/GNP % 0.3 1.8 1.6 1.6 1.4 1.6 3.0 2.3 RES/DOD % 38.0 15.8 3.8 6.1 5.4 8.9 10.0 7.4 RES/MGS months) 2.1 1.1 0.5 0.7 .. .. MEMORANDA Proportion of Disbursed D3bt Concessional Loans (%) 20.3 17.0 20.6 23.9 24.7 26.7 29.9 29.9 Var. Int. Rate Loans (% 28.1 33.2 23.8 19.4 15.3 14.4 12.8 12.3 Use of IMF Credit(US$ mill 30.7 34.6 209.9 253.0 260.9 250.9 233.1 345.7 1982 1983 1984 1985 1986 1987 1988 1989 PROJECTED PUBLIC DEBT SERVICE TOTAL DEBT SERVICE 731.4 666.4 633.2 619.3 549.0 479.8 428.4 389.8 Principal 464.9 426.5 419.8 435.9 398.9 360.2 336.5 322.2 Interest 266.6 239.8 213.3 183.4 150.1 119.6 92.0 67.6 OFFICIAL CREDITORS 369.5 373.4 400.6 371.4 350.4 309.2 295.9 284.1 Principal 230.5 242.4 280.5 266.8 260.4 233.3 232.5 232.3 Interest 139.1 131.1 120.0 104.7 90.0 75.9 63.4 51.9 PRIVATE CREDITORS 361.9 292.9 232.6 247.9 198.5 170.6 132.5 105.6 Principal 234.4 184.2 139.3 169.1 138.5 126.8 103.9 89.9 Interest 127.5 108.7 93.3 78.8 60.1 43.7 28.6 15.7 108 ZAMBIA (USS Mi7lions) 1972 1974 1978 1977 1978 1979 1980 1981 TOTAL DEST OUTSTANDING DISBURSED ONLY TOTAL DEBT .. Public / Publicly Guar. 676.3 815.9 1,306.0 1,482.7 1,553.8 2,104.0 2,417.8 2,293.8 Private Non-guaranteed .. .. .. . .. . PUBLIC / PUBLICLY GUARANTEED DEBT DEBT OUTS. INC. UNDISB. 982.5 1,427.7 1,851.0 1,945.9 2,322.6 2,950.4 3,290.1 3,268.9 Official Creditors 439.1 936.8 1,080.5 1,191.0 1.546.0 1,987.5 2,244.6 2,317.4 Multilateral 128.2 354.3 428.5 452.9 492.7 575.5 695.9 785.2 IBRD 127.5 339.7 408.0 432.1 436.2 422.9 426.6 435.5 IDA - - - - 11.3 22.3 37.3 37.3 Bilateral 310.8 582.6 652.0 738.1 1,053.3 1,411.9 1,548.7 1,532.3 Private Creditors 543.4 490.8 770.5 754.9 776.6 963.0 1,045.5 951.5 Suppliers 89.5 149.2 256.0 291.3 336.6 497.7 409.0 392.4 Financial Markets 214.8 341.6 514.6 463.6 440.0 465.2 636.5 559.1 DEBT OUTS. DISB. (DOD) 67E.3 815.9 1,308.0 1,482.7 1,553.8 2,104.0 2,417.8 2,293.8 Official Creditors 180.8 422.7 691.6 791.5 935.2 1,272.5 1,568.9 1,560.8 Multilateral 72.9 137.6 265.9 310.0 339.8 385.1 449.9 471.4 IBRD 72.9 137.3 252.5 292.4 319.4 334.5 344.7 345.5 IDA - - - - - 0.6 2.1 4.3 Bilateral 107.9 285.1 425.7 481.5 595.4 887.4 1,119.0 1,089.5 Private Creditors 495.5 393.2 614.5 691.1 618.6 831.5 848.9 733.0 Suppliers 68.4 93.2 185.7 291.2 313.1 475.8 356.9 314.7 Financial Markets 187.8 300.0 428.7 399.9 305.6 355.7 492.0 418.3 COMMITMENTS 146 0 329.3 209.7 158.7 429.3 787.3 686.9 423.5 Official Creditors 24.8 229.7 110.6 89.9 288.5 467.3 344.3 273.4 Multilateral - 73.5 45.0 30.1 45.7 95.8 149.1 127.2 IBRD - 62.1 45.0 30.1 11.3 - 25.0 26.0 IDA - - - - 11.3 11.0 15.0 - Bilateral 24.8 156.2 65.6 59.8 242.9 371.4 195.2 146.2 Private Creditors 121.2 99.6 99.1 68.8 140.8 320.0 342.7 150.1 Suppliers 26.9 46.7 20.2 38.6 60.1 197.2 52.9 74.2 Financial Markets 94.3 52.9 78.8 30.2 80.7 122.8 289.8 75.8 DISBURSEMENTS 131.8 172.3 228.9 251.5 152.7 711.7 625.5 248.4 Official Creditors 48.8 138.6 139.1 83.3 106.1 361.1 346.9 139.3 Multilateral 13.8 49.5 74.3 50.0 36.5 58.5 85.3 45.9 IBRO 13.8 49.2 74.0 45.9 34.2 27.7 27.7 17.9 IDA - - - - - 0.6 1.5 2.1 Bilateral 35.0 89.1 64.8 33.3 69.6 302.6 261.6 93.4 Private Creditors 83.0 33.7 89.8 168.2 46.6 350.5 278.6 109.0 Suppliers 15.5 18.5 28.7 110.3 37.2 199.7 25.7 46.2 Financial Markets 67.5 15.2 61.0 57.9 9.4 150.8 252.9 62.8 PRINCIPAL REPAYMENTS 75.8 67.1 59.9 130.1 172.7 187.7 201.1 187.4 Official Creditors 7.6 8.4 9.7 13.6 15.0 27.4 36.9 54.2 Multilateral 4.6 5.0 4.3 6.0 7.2 13.5 18.2 17.9 IBRO 4.6 5 0 4.3 6.0 7.2 12.6 17.5 17.1 IDA - - - - - - - - Bilateral 3.0 3.4 5.4 7.6 7.8 13.9 18.8 36.3 Private Creditors 68.2 58.7 50.2 116.5 157.7 160.3 164.1 133.2 Suppliers 9.2 12.0 13.1 25.4 40.0 56.6 57.6 51.6 Financial Markets 34.3 46.7 37.1 91.1 117.7 103.7 106.5 81.6 NET FLOWS 56.0 105.2 168.9 121.4 -20.0 524.0 424.5 61.0 Official Creditors 41.2 130.2 129.4 69.7 91.1 333.8 310.0 85.2 Multilateral 9.2 44.5 70.0 44.0 29.3 45.0 67.1 28.0 IBRD 9.2 44.2 69.7 39.9 27.0 15.2 10.1 0.9 IDA - - - - - 0.6 1.5 2.1 Bilateral 32.0 85.8 59.4 25.8 61.8 288.7 242.9 57.1 Private Creditors 14.8 -25.0 39.5 51.7 -111.1 190.3 114.5 -24.2 Suppliers 6.3 6.5 15.6 84.9 -2.8 143.1 -31.9 -5.4 Financial Markets 33.2 -31.5 23.9 -33.2 -108.3 47.2 146.4 -18.8 INTEREST PAYMENTS(INT) 36.7 47.3 62.4 66.0 82.1 88.5 124.5 106.2 Official Creditors 7.4 11.7 23.1 30.1 34.2 40.3 53.8 50.8 Multilateral 4.3 8.3 14.5 19.8 25.6 29.0 33.2 30.2 IBRD 4.3 8.3 14.5 19.8 25.3 28.5 30.9 25.9 IDA - - - - - - 0.0 0.0 Bilateral 3.1 3.3 8.5 10.3 8.7 11.3 20.6 20.6 Private Creditors 29.3 35.6 39.4 35.9 47.8 48.1 70.7 55.4 Suppliers 4.3 5.2 12.2 9.8 16.4 20.4 29.9 19.5 Financial Markets 9.6 30.4 27.1 26.1 31.5 27.7 40.7 36.0 199 ZAMBIA (Us$ Mil ions) 1972 1974 1976 1977 1978 1979 1980 1981 NET TRANSFERS 19.3 58.C 106.5 55.4 -102.1 435.6 300.0 -45.2 Official Creditors 33.8 118.6 106.3 39.6 56.9 293.4 256.2 34.4 Multilateral 4.9 36.1 55.5 24.1 3.8 16.0 33.9 -2.1 IBRD 4.9 35.8 55.1 20.1 1.7 -13.4 -20.8 -25.0 IDA - - - - - 0.6 1.5 2.1 Bilateral 28.9 82.4 50.6 15.5 53.1 277.4 222.3 36.5 Private Creditors -14.5 -60.6 0.2 15.7 -159.0 142.1 43.8 -79.6 Suppliers 2.0 1.4 3.4 75.0 -19.2 122.7 -61.8 -24.8 Financial Markets 23.6 -61.9 -3.2 -59.3 -139.7 19.5 105.6 -54.8 TOTAL DEBT SERVICE(TDS) 112.5 114.4 122.4 196.1 254.8 276.1 325.6 293.6 Officia! Creditors 15.0 20.0 32.8 43.7 49.2 67.7 90.8 104.9 Multilateral 8.9 13.3 18.9 25.8 32.8 42.5 51.4 48.1 lBRD 8.9 13.3 18.9 25.8 32.4 41.1 48.4 43.0 IDA - - - - - - 0.0 0.0 Bilateral 6 1 6.7 13.9 17.8 16.4 25.3 39.4 56.8 Private Creditors 97.6 94.3 89.6 152.5 205.5 208.4 234.8 188.6 Suppliers 13.5 17.2 25.3 35.3 56.4 77.0 87.5 71.1 Financial Markets 43.9 77.1 64.3 117.2 149.1 131.4 147.3 117.6 AVERAGE TERMS PUBLIC DEBT NEW COMMITMENTS ALL CREDITORS Interest (%) 6.6 5.7 6.9 6.9 5.6 6.8 6.3 8.6 Maturity (years) 7.9 17.6 16.4 17.1 20.5 12.7 16.0 17.8 Grace Period (years) 2.4 5.3 4.3 4.0 5.5 3.4 4.2 4.1 Grant Element (%) 12.0 28.7 19.3 22.2 33.3 18.1 24.1 16.4 OFFICIAL CREDITORS Interest (%) 5.9 4.5 6.1 5.1 3.0 5.0 3.8 4-6 Maturity (years) 10.4 20.3 23.6 26.3 26.9 15.8 24.4 24.4 Grace Period (years) 4.1 6.3 5.9 6.1 7.3 4.4 6.9 5.5 Grant Element (%) 19.1 38.7 29.6 38.6 51.6 29.3 45.2 36.4 PRIVATE CREDITORS interest l%) 6.7 8.5 7.7 9.3 10.8 9.5 8.9 15.3 Maturity lyears) 7.4 11.3 8.4 5.0 7.5 8.0 7.6 6.5 Grace Period (years) 2.0 3.0 2.4 1.2 1.8 1.8 1.4 1.7 Grant Element (%) 10.5 5.6 7.9 0.7 -4.1 1.6 2.9 -17.4 MAJOR ECONOMIC AGGREGATES (U.S. $ MILLIONS& Gross Nat. Product GNP) 1,713 2,727 2,406 2,308 2,516 3.100 3,514 3,137 Exports of G. & S. XGS) 829 1,479 1,122 974 936 1,537 1,464 1,221 Imports of G. & S. (MGS) 974 1,416 1.205 1,163 1,246 1,481 1,921 1,904 Intl. Reserves (RES) 171 196 115 94 97 191 206 142 PRINCIPAL RATIOS DOD/XGS % 81.5 55.2 116.4 152.3 165.9 136.8 165.1 187.8 DOD/GNP % 39.5 29.9 54.3 64.2 61.8 67.9 68.8 73.1 TDS/XGS % 13.6 7.7 10.9 20.1 27.2 18.0 22.2 24.0 TDS/GNP %I 6.6 4.2 5.1 8.5 10.1 8.9 9.3 9.4 INT/XGS °AJ 4.4 3.2 5.6 6.8 8.8 5.8 8.5 8.7 INT/GNP % 2.1 1.7 2.6 2.9 3.3 2.9 3.5 3.4 RES/DOD (% 25.3 24.0 8.8 6.3 6.2 9.1 8.5 6.2 RES/MGS (months) 2.1 1.7 1.1 1.0 0.9 1.5 1.3 0.9 MEMORANDA Proportion of Disbursed Dett Concessional Loans (%) 13.1 30.9 27.5 27.0 32.2 28.5 35.3 36.2 Var. Int. Rate Loans (%) 0.4 18.4 24.7 19.3 12.8 11.4 8.4 8.6 Use of IMF Credit(US$ mil) 41.3 69.8 110.6 115.7 319.3 421.5 393.2 730.7 1982 1983 1984 1985 1986 1987 1988 1989 PROJECTED PUBLIC DEBT SE'RVICE TOTAL DEBT SERVICE 356.5 419.7 420.3 398.6 351.9 295.4 246.7 191.6 Principal 223.6 274.0 288.3 288.2 263.3 225.6 191.4 145.9 Interest 132.9 145.6 132.0 110.4- 88.7 69.7 55.3 45.7 OFFICIAL CREDITORS 164.8 190.3 197.8 201.6 199.3 190.8 178.0 174.5 Principal 97.3 117.4 127.4 135.2 138.3 135.8 128.7 130.2 Interest 67.5 72.9 70.4 66.4 61.0 55.0 49.3 44.3 PRIVATE CREDITORS 191.7 229.4 222.5 197.0 152.8 104.6 68.7 17.1 Principal 126.3 156.6 160.9 153.1 125.0 89.8 62.8 15.7 Interest 65.4 72.8 61.6 44.0 27.6 14.7 6.0 1.4 1l0 ZIMBABWE (tiss Mi I I iors) 1972 1974 1978 1977 1978 1979 1980 1981 TOTAL DEBT OUTSTANDING DISBURSED ONLY TOTAL DEBT .. .. .. .. .. Public / Publicly Guar. 217.1 220.5 144.6 153,8 418.1 523.9 714.9 946.4 Private Non-guaranteed . . .. .. PUBLIC / PUBLICLY GUARANTEED DEBT DEST CUTS. INC. UNDISB. 217.1 220.5 144.6 153.8 423.1 667.1 871.1 1,704.7 Official Creditors 77.3 65.1 45.8 44.0 41.2 38.6 162.9 423.0 Multilateral 35.8 26.9 17,8 14.4 11.5 8.5 5.3 118.0 IBRD 35.8 26.9 17.8 14.4 11.5 8.5 5.3 93.9 IDA - - - - - - - 14.1 Silateral 41.4 38.2 28.0 29.5 29.7 30.1 157.6 304.9 Private Creditors 139.8 155.4 98.8 109.8 381.9 628.6 708.2 1,281.8 Suppliers - - - - - - 2.2 91.4 Financial Markets 139.8 155.4 98.8 109.8 381.9 628.6 706.1 1,190.4 DEBT OUTS. DISS. (DOD) 217.1 220.5 144.6 153.8 418.1 523.9 714.9 946.4 Official Creditors 77.3 e5.1 45.8 44.0 41.2 38.6 103.3 202.5 Multilateral 35.8 26.9 17.8 14.4 11.5 8.5 5.3 58.1 IBRD 35.8 26.9 17.8 14.4 11.5 8.5 5.3 43.9 IDA - - - - - - - 14.1 Eilateral 41.4 38.2 28.0 29.5 29.7 30.1 98.0 144.4 Private Creditors 139.8 155.4 98.8 109.8 376.9 485.3 611.5 743.9 Suppliers - - - - - - 0.4 31.1 Financial Markets 139.8 155.4 98.8 109.8 376.9 485.3 611.1 712.8 COMMITMENTS .. .. .. ,. 273.l 236.9 263.4 1,058.5 Official Creditors . , . . .. - - 139.9 296.3 Multilateral .. .. .. .. - - - 116.3 IBRD .. .. . ,. - - - 92.0 IDA 1.. .. 4.3 Bilateral .. .. ., .. - - 139.9 180.0 P' ivate Creditors .. .. .. .. 273.9 236.9 123.4 762.2 Suppliers . ....- 2.3 93.5 Financial Markets 273.9 236.9 121.1 668.7 DISBURSEMENTS .. .. .. .. 268.8 99.7 145.0 418.5 Official Creditors .. .. .. .. - - 77.3 124.1 Multilateral ., . .. .. - - - 56.4 IBRD - 41.9 IDA ..* ---- 14.3 Bilateral .. .. . .. - - 77.3 67.8 Private Creditors ,. .. . ,. 268.B 99.7 67.7 294.3 Suppliers ., .. . ,, - - 0.4 30.8 Financial Markets. , ., . .. 268.8 99.7 67.3 263.5 PRINCIPAL REPAYMENTS 5.7 9.8 5.4 4.3 4.2 7.4 34.3 74.6 Official Creditors 5.3 9.6 5.2 4.2 4.2 4.7 5.5 4.0 Multilateral 4.7 4.5 4.4 3.4 2.9 3.0 3.2 3.4 IBRD 4.7 4.5 4.4 3.4 2.9 3.0 3.2 3.4 IDA - - - - - - - - Bilateral 0.6 5.1 0.8 0.8 1.3 1.7 2.3 0.6 Private Creditors 0.5 0.2 0.1 0.1 O.D 2.7 28.8 70.6 Suppliers - - - - - - - Financial Markets 0.5 0.2 0.1 0.1 0.0 2.7 28.8 70.6 NET FLOWS .. .. .. .. 264.5 92.3 110.8 343.9 Official Creditors .. . .. .. -4.2 -4.7 71.9 120.2 Multilateral . .. .. .. -2.9 -3.0 -3.2 53.0 IBPD -2.9 -3.0 -3.2 38.6 Bilateral .. .. .. .. -1.3 -1.7 75.1 67.2 Private Creditors .. .. .. .. 268.B 97.0 38.9 223.7 Suppliers .. .. .. .. - - 0.4 30.8 Financial Markets .. .. .. .. 268.8 97.0 38.5 192.9 INTEREST PAYMENTS(INT) 6.0 5.3 2.1 1.8 4.3 7.4 9.8 35.1 Official Creditors 4.6 4.1 1.2 1.0 0.8 0.6 1.6 7.4 Multilateral 2.8 1.5 0.9 0.7 0.6 0.5 0.4 0.4 IBRD 2.8 1.5 0.5 0.7 0.6 0.5 0.4 0.4 IDA - - - - - - - 0.0 Bilateral 1.8 2.6 0.3 0.3 0.2 0.1 1.2 7.0 Private Creditors 1.4 1.1 0.9 0.8 3.5 6.7 8.2 27.7 Suppliers - - - - - - - 0.3 Financial Markets 1.4 1.1 0.9 0.8 3.5 6.7 8.2 27.4 ZIMBABWE (LCSS Millions) 1972 1974 1976 1977 1978 1979 198O 1S81 NET TRANSFERS .. .. .. .. 260.2 84.9 100.8 308.7 Official Creditors .. .. . .. -5.0 -5.3 70.3 112.7 Multilateral .I. . .. .. -3.5 -3.5, -3.6 52.6 IBRD -3.5 -3.5 -3.6 38.2 IDA . . . - - - 14.2 Bilateral .. .. .. .. -1.5 -1.8 73.9 60.1 Private Creditors .. .. .. .. 265.3 90.3 30.6 196.0 Suppliers .. .. .. .. - - 0.4 30.6 Financial Markets .. .. .. .. 265.3 90.3 30.3 165.4 TOTAL DEBT SERVICE(TDS) 11.7 15.1 7.5 5.1 8.5 14.8 44.1 109.8 Official Creditors 9.9 13.8 6.4 5.2 5.0 5.3 7.1 11.4 Multilateral 7.5 6.0 5.3 4.1 3.5 3.5 3.6 3.8 IBRD 7.5 6.0 5.3 4.1 3.5 3.5 3.6 3.7 IDA - - - - - - - 0.0 Bilateral 2.4 7.7 1.1 1.1 1.5 1.8 3.5 7.7 Private Creditors 1.9 1.3 1.1 0.9 3.5 9.5 37.0 98.3 Suppliers - - - - - - - 0.3 Financial Markets 1.9 1.3 1.1 0.9 3.5 9.5 37.0 98.1 AVERAGE TERMS: PUBLIC DEBT NEW COMMITMENTS ALL CREDITORS Interest (%) .. .. .. .. 2.4 2.0 7.4 10.7 Maturity (years) ,. .. .. .. 6.7 13.3 13.6 10.7 Grace Period (years) .. .. .. .. 3.3 4.7 4.0 3.0 Grant Element (%) .. .. .. .. 28.9 44.8 19.6 5.5 OFFICIAL CREDITORS Interest (%) .. .. .. .. - - 4.9 5.8 Maturity (years) .. .. .. .. - - 16.8 20.2 Grace Period (years) .. .. .. .. - - 5.7 5.2 Grant Element (%) .. .. .. .. - - 35.6 28.3 PRIVATE CREDITORS Interest (%) .. .. .. .. 2.4 .2.0 10.2 12.6 Maturity (years) .. .. .. .. 6.7 13.3 10.0 7.0 Grace Period (years) .. .. .. .. 3.3 4.7 1.9 2.1 Grant Element (%) .. .. .. .. 28.9 44.8 1.6 -3.4 MAJOR ECONOMIC AGGREGATES (U.S. $ MILLIONS) Gross Nat. Product (GNP) 2,042 3,234 3,415 3,149 3,323 4,037 5,540 6,398 Exports of G. & S. XG . .. .. 1,020 1,034 1.229 1.715 1,777 Imports of G. & S. MGS. 1,016 982 1,284 1,887 2,241 Intl. Reserves (RES 97 164 112 98 184 396 373 327 PRINCIPAL RATIOS DOD/XGS % . .. .. 15.1 AO.4 42.6 41.7 53.2 DDD/GNP % 10 6 6.8 4.2 4.9 12.6 13.0 12.9 14.8 TDS/XGS % . .. .. 0.6 0.8 1.2 2.6 6.2 TDS/GNP % 0.6 0.5 0.2 0.2 0.3 0.4 0.8 1.7 TNT/XGS % .. .. .. 0.2 0.4 0.6 0.6 2.0 INT/GNP % 0 3 0.2 0.1 0.1 0.1 0.2 0.2 0.5 RES/DOD % 44.7 74.6 77.7 63.5 44.1 75.5 52.1 34.5 RES/MGS months) .. .. .. 1.2 2.3 3.7 2.4 1.7 MEMORANDA Proportion of Disbursed Debt Concessional Loans (%) 19.1 17.3 19.3 19.2 7.1 5.7 2.1 6.0 Var. Int. Rate Loans (%) - - - - 2.4 2.9 1.1 1B.6 Use of IMF Credit(US$ mil) - - - - - - - 43.7 1982 1983 1984 1985 1986 1987 1988 1989 PROJECTED PUBLIC DEBT SERVICE TOTAL DEBT SERVICE 255.5 360.5 252.5 263.2 208.8 166.5 143.8 121.9 Principal 174.3 267.5 168.2 190.5 151.3 120.7 108.6 95.7 Interest 81.2 93.0 84.3 72.6 57.5 45.8 35.2 26.3 OFFICIAL CREDITORS 18.7 30.6 34.0 39.5 43.8 46.5 45.2 44.5 Princioal 5.1 13.0 13.6 18.8 24.3 28.9 29.8 31.2 Interest 13.6 17.6 20.3 20.7 19.5 17.6 15.4 13.2 PRIVATE CREDITORS 236.8 329.9 218.5 223.6 165.0 120.1 98.6 77.5 Principal 169.3 254.5 154.6 171.7 127.0 91.9 78.8 64.4 Interest 67.6 75.4 64.0 51.9 38.0 28.2 19.8 13.0 112 EAST ASIA AND THE PACIFIC (USs Mi iions) 1972 1974 1976 1977 1978 1979 1980 1981 TOTAL DEBT OUTSTANDING DISBURSED ONLY TOTAL DEBT 12,990.7 19,277.7 29,816.6 36,203.8 43,527.7 49,725.0 58,079.2 68,129.6 Public / Publicly Guar. 9,489.4 14,023.3 22.497.9 27,921.5 34,829.9 40,190.2 47,344.7 55,211.2 Private Non-guaranteed 3,501.3 5,254.4 7,318.7 8,282.3 8,697.8 9,534.8 10,134.5 12,918.4 PUBLIC / PUBLICLY GUARANTEED DEBT DEBT OUTS. INC. UNDISB. 12,956.1 21,831.6 35,534.5 42,728.7 55,137.0 62,133.3 73,898.6 82,408.9 Official Creditors 9,222.0 13,784.2 19,999.7 24,355.7 31,081.7 34,482.5 41,916.2 45,766.6 Multilateral 2,420.8 4,380.6 7.481.8 9,373.3 12,318.3 14,722-9 17,951.2 21,112.3 IBRD 1,305.5 2,344.6 4,674.9 5,889.8 7,837.7 9,276.7 11,381.2 13,361.6 IDA 457.7 779.6 787.4 805.5 1,005.4 1,223.5 1,395.7 1,418.4 Bilateral 6,801.2 9,403.6 12,517.9 14.982.4 18,763.4 19,759.6 23,965.0 24,654.3 Private Creditors 3,734.0 8,047.4 15,534.7 18,372.9 24,055.3 27,650.8 31,982.4 36,642.2 Suppliers 2,021.9 3,891.4 5,236.5 5909.8 6,516.3 5,908.6 5,852.8 6,162.1 Financial Markets 1,522.5 3,933.2 10,092.8 12,253.5 17,309.9 21,515.2 25,935.4 30,320.2 DEBT OUTS. DISS. (DOD) 9,489.4 14,023.3 22,497.9 27,921.5 34,829.9 40,190.2 47,344.7 55,211.2 Official Creditors 6,325.7 8,947.3 12,330.4 15,077.4 18,365.4 20,058.3 23,259.2 26,293.2 Multilateral 901.1 1,615.3 3.345.2 4,218.7 5,355.7 6,716.7 8,098.4 9,672.7 IBRD 706.1 993.7 1,980.2 2.513.9 3,268.9 4,210.3 5,074.3 6,144.9 IDA 123.9 314.9 582.5 659.7 704.9 746.5 806.6 908.9 Bilateral 5,424.5 7,332.0 8.985.2 10,858.7 13,009.7 13,341.6 15,160.8 16,620.5 Private Creditors 3,163.7 5,076.1 10.167.5 12,844.1 16,464.4 20,131.9 24,085.5 28,918.0 Suppliers 1,699.3 2.527.8 3,511.5 4,258.1 5,267.6 4,958.1 5,097.4 4,569.6 Financial Markets 1,274.8 2,325.5 6,450.7 8,376.4 10,947.7 14,946.9 18,793.9 24.188.4 COMMITMENTS 2,897.3 6,585.0 9,842.6 7,640.6 14,019.4 13,209.0 14,771.3 16,143.8 Official Creditors 1,940.8 2,787.0 4,288.0 3,762.1 5,840.9 5,549.1 7,697.3 6,368.6 Multilateral 635.7 1,264.7 1,893.2 2,025.7 3,121.9 2.639.1 3,583.5 3,627.5 IBRD 252.7 797.3 1,446.5 1,291.8 2,047.5 1,582.2 2,310.5 2,250.6 IDA 146.2 74.0 4.0 19.0 200.1 219.0 175.0 29.0 Bilateral 1,305.2 1,522.4 2,394.8 1,736.4 2,719.1 2,910.0 4,113.8 2,741.0 Private Creditors 956.4 3,797.9 5,554.6 3,878.5 8,178.5 7,659.9 7,074.0 9,775.2 Suppliers 349.3 1,805.4 1,677.4 904.3 1,135.6 974.6 742.4 1:689.4 Financial Markets 607.2 1,992.6 3,877.2 2,974.2 7,043.0 6,685.3 6,331.6 8,085.8 DISBURSEMENTS 2,280.3 3,117.2 5,917.9 6,406.9 9,214.8 10,774.9 S,790.8 13,734.4 Official Creditors 1,255.3 1,393.1 2,341.6 2,403.2 2,805.9 3,349.1 3,577.8 4,918.3 Multilateral 227.6 469.4 1,053.6 986.4 1,285.6 1,565.6 1,672.3 1,987.3 IBRD 154.8 218.1 642.7 608.7 853.7 1,075.2 1,054.3 1,327.3 IDA 40.2 109.6 128.9 77.4 45.3 42.5 62.5 107.8 Bilateral 1.027.6 923.7 1,288.1 1,416.8 1,520.4 1,783.5 1,905.5 2,931.0 Private Creditors 1,025.1 1,724.1 3,576.2 4,003.6 6,408.8 7,425.8 6,213.0 8,816.1 Suppliers 533.3 793.3 1,025.2 1,173.5 1.669.6 1,092.6 943.9 787.9 Financial Markets 491.8 930.8 2,551.0 2,830.1 4,739.2 6,333.2 5,269.1 8,028.2 PRINCIPAL REPAYMENTS 528.8 827.8 1,329.0 2,180.3 4,308.1 4,218.8 3,145.2 3,844.3 Official Creditors 172.4 232.3 320.8 421.6 625.3 805.2 920.6 1,055.8 Multilateral 31.1 50.6 87.6 114.4 155.1 206.0 278.4 375.7 IBRD 28.8 43.0 61.5 74.9 97.7 133.8 190.3 256.7 IDA - 0.2 0.2 0.2 0.3 0.9 2.4 5.5 Bilateral 141.3 181.7 233.2 307.2 470.2 599.1 642.2 680.1 Private Creditors 356.4 595.5 1,008.2 1,758.7 3,682.7 3.413.6 2,224.6 2,788.4 Suppliers 243.0 374.5 550.3 603.5 1,023.2 1,177.8 988.2 1,101.4 Financial Markets 110.9 211.0 447.8 1,144.2 2.647.1 2,226.4 1,226.9 1,679.5 NET FLOWS 1,751.6 2,289.4 4,588.8 4,226.5 4,906.7 6,556.1 6,645.6 9,890.1 Official Creditors 1,082.9 1,160.8 2,020.8 1,981.6 2,180.6 2,543.9 2,657.1 3,862.4 Multilateral 196.5 418.8 965.9 872.0 1,130.4 1,359.5 1,393.9 1,611.6 IBRO 126.0 175.1 581.2 533.7 756.0 F41.3 864.0 1.070.6 IDA 40.2 109.4 128.8 77.2 45.0 41.6 60.1 102.4 Bilateral 886.3 742.1 1,054.9 1,109.6 1,050.2 1,184.4 1,263.2 2,250.8 Private Creditors 668.7 1,128.6 2,568.0 2,245.0 2,726.1 4,012.2 3,988.5 6,027.7 Suppliers 290.3 418.8 474.9 570.0 646.4 -85.2 -44.3 -313.5 Financial Markets 380.8 719.8 2,103.2 1,685.9 2,092.1 4,106.8 4,042.2 6,348.8 INTEREST PAYMENTS(INT) 303.8 442.9 1,040.6 1,289.4 1,701.2 2,431.9 3,158.7 4,139.5 Official Creditors 172.8 203.0 397.2 542.8 740.5 947.7 1,057.8 1,198.7 Multilateral 43.3 85.2 164.5 248.1 361.8 473.5 563.7 619.3 IBRD 38.2 69.3 118.0 179.8 267.9 354.3 416.0 453.5 IDA 0.8 1.7 3.6 4.5 5.0 5.4 5.8 6.3 Bilateral 129.5 117.8 232.7 294.6 378.7 474.2 494.0 579.4 Private Creditors 131.0 240.0 643.4 746.7 960.7 1,484.2 2,100.9 2,940.8 Suppliers 79.1 120.6 199.2 168.5 272.9 396.0 397.5 421.3 Financial Markets 51.4 116.9 442.0 576.1 685.5 1,086.0 1,701.3 2,517.7 113 EAST ASIA AND THE PACIFIC (US$ Millions) 1972 1974 1976 1977 1978 1979 1980 1981 NET TRANSFERS 1,447.8 1,846.5 3,548.2 2,937.1 3,205.5 4,124.2 3,485.9 5,750.6 Official Creditors 910.1 957.8 1,623.6 1,438.8 1,440.1 1,596.2 1,599.4 2,663.7 Multilateral 153.2 333.6 801.4 623.8 768.7 886.0 830.2 992.3 IBRD 87.8 105.8 463.2 353.9 458.1 587.0 446.0 617.1 IDA 39.5 107.7 125.1 72.7 40.0 36.2 54.3 96.1 Bilateral 756.9 624.2 822.2 815.0 671.4 710.2 769.2 1,671.4 Private Creditors 537.7 888.6 1,924.6 1,498.3 1,765.4 2,528.0 1,887.5 3 086.9 Suppliers 211.2 298.2 275.7 401.5 373.5 -481.2 -441.7 -734.9 Financial Markets 329.4 602.8 1,661.2 1,109.8 1,406.6 3,020.8 2,340.9 3,831.0 TOTAL DEBT SERVICE(TDS) 832.6 1,270.8 2,369.7 3,469.8 6,009.3 6,650.7 6,303.9 7,983.7 Official Creditors 345.2 435.3 718.1 964.4 1,365.8 1,752.8 1,978.4 2,254.6 Multilateral 74.4 135.8 252.2 362.5 516.9 679.5 842.1 995.0 IBRD 67.0 112.3 179.5 254.8 365.6 488.1 606.3 710.2 IDA 0.8 1.9 3.8 4.7 5.3 6.3 8.2 11.7 Bilateral 270.8 299.5 465.9 601.8 848.9 1,073.3 1,136.3 1,259.6 Private Creditors 487.4 835.5 1,651.6 2,505.4 4,643.4 4,897.8 4,325.5 5,729.2 Suppliers 322.1 495.1 749.5 772.0 1,296.2 1,573.8 1,385.7 1,522.7 Financial Markets 162.3 328.0 889.8 1,720.3 3,332.6 3,312.4 2,928.2 4,197.2 AVERAGE TERMS: PUBLIC DEBT NEW COMITMENTS ALL CREDITORS Interest (%) 5.6 7.5 7.8 7.5 8.1 8.3 9.9 11.1 Maturity (years) 20.3 17.4 14.5 14.8 15.4 15.5 16.2 14.8 Grace Pariod (years) 5.5 4.8 4.6 4A4 4.5 4.6 4.7 4.5 Grant Element (%) 30.5 17.0 12.0 14.7 12.8 11.5 4.6 -3.6 OFFICIAL CREDITORS Interest (%) 4.4 5.3 7.2 6.7 6.0 5.7 6.6 7.8 Maturity kyears) 26.3 23.3 20.9 20.7 23.1 22.1 21.5 20.0 Grace Period (years) 7.0 6.6 6.1 5.7 6 0 6.1 6.0 5.4 Grant Element (%) 41.9 33.7 19.0 22.7 28.3 30.4 23.9 14.7 PRIVATE CREDITORS Interest (°) 8.0 9.1 8.3 8.2 9.5 10.3 13.4 13.2 Maturity kyears) 8.1 13 9.6 9.1 9.9 31.7 10.5 1i.4 Grace PeriOd (years) 2.5 3.5 3.4 3.1 3.5 3.6 3.1 3.9 Grant Element (%) 7.4 4.7 6.6 7.0 1.7 -2.1 -16.4 -15.5 MAJOR ECONOMIC AGGREGATES (U.S. $ MILLIONS) Gross Nat. Product (GNP) 50,767 94,907 127,546 153,922 183,961 214,273 251,094 291,175 Exports of G. & S. (XGS) 12.417 32.583 41.289 51,359 61.530 80,416 102,358 - Imports of G. & S. MGS 14,381 36.630 44,749 53,756 67,802 88,002 112.222 Intl. Reserves (RES 5,662 10,465 13,713 16,907 19,694 25,039 29,862 27,820 PRINCIPAL RATIOS DOD/XGS 76.4 43.0 54.5 54.4 56.6 50.0 46.3 DOD/GNP % 18.7 14.8 17.6 18.1 18.9 18.8 18.9 19.0 TDS/XGS %) 6.7 3.9 5.7 6.8 9.8 8.3 6.2 TDS/GNP % 1.6 1.3 1.9 2.3 3.3 3.1 2.5 2.7 INT/XGS % 2.4 1.4 2.5 2.5 2.8 3.0 3.1 INT/GNP % 0.6 0.5 0.8 0.8 0.9 1.1 1.3 1.4 RES/DOD % 59.7 74.6 61.0 60.6 56.5 62.3 63.1 50.4 RES/MGS months) 4.7 3.4 3.7 3.8 3.5 3.4 3.2 MEMORANDA Proportion of Disbursed Debt Concessional Loans (%) 53.7 50.5 37.7 35.4 33.4 29.0 27.9 25.4 Var. Int. Rate Loans (%) 4.8 10.3 21.4 20.5 19.0 22.6 25.6 31.5 Use of IMF Credit(US$ mil 219.7 218.1 972.3 970.3 1,046.0 1,070.8 1,727.1 3,188.3 1982 1983 1984 1985 1986 1987 1988 1989 PROJECTED PUBLIC DEBT SERVICE TOTAL DEBT SERVICE 9,788.6 10,695.0 11,565.4 11,586.6 11,304.6 10,580.8 9,573.9 7,991.5 Principal 4,692.2 5,409.8 6,436.3 6,840.3 7,041.0 6,895.5 6,531.2 5,555.1 Interest 5,096.4 5,285.2 5,129.0 4,746.3 4,263.6 3,685.2 3,042.8 2,436.4 OFFICIAL CREDITORS 2,828.5 3,293.3 3,808.8 4,260.8 4,489.8 4,508.3 4,410.3 4,286.8 Principal 1,348.3 1,586.6 1,936.7 2,303.6 2,515.4 2,575.6 2,583.7 2,575.0 Interest 1,480.2 1,706.7 1,872.1 1,957.2 1,974.3 1,932.8 1,826.7 1,691.8 PRIVATE CREDITORS 6,960.1 7,401.7 7,756.5 7,325.8 6,814.8 6,072.5 5,163.6 3,724.7 Principal 3,343.9 3,823.2 4,499.6 4,536.6 4,525.6 4,320.0 3,947.5 2,980.1 Interest 3,616.2 3,578.5 3,256.9 2,789.1 2,289.2 1,752.5 1,216.1 744.6 114 EAST ASIA AND THE PACIFIC (US$ Millions) 1972 1974 1976 1977 1978 1979 1980 198t PRIVATE NON-GUARANTEED DEBT DEBT OUTS.DISB. ONLY 3.501.3 5,254.4 7,318.7 8,282.3 8,697.8 9,534.8 10,734.S 12,918.4 Official Sources . .. Private Sources .. .. Foreign Parent Comp. Financial Institutions .. .. Suppliers DISBURSEMENTS 1,039.1 2,043.6 2,035.2 2,267.6 2,697.4 2,998.0 3,751.1 3,937.3 Official Sources .. .. .. . .. Private Sources . . Foreign Parent Comp. .. .. Financial Institutions .. .. Suppliers . .. PRINCIPAL REPAYMENTS 568.8 821.1 1,169.9 1,368.8 2,220.1 2,161.3 2,197.0 2,284.3 Official Sources Private Sources Foreign Parent Comp. .. .. Financial Institutions .. .. Suppliers .. .. .. .. .. .. NET FLOWS 470.3 1,222.5 865.3 898.8 477.3 836.7 1,554.1 1,653.0 Official Sources . .. Private Sources Foreign Parent Comp. Financial Institutions .. .. Suppliers .. .. INTEREST PAYMENTS 171.8 332.5 415.8 492.9 648.0 897.5 1,157.0 1,523.1 Official Sources Private Sources Foreign Parent Comp. .. .. Financial Institutions .. .. Suppliers .. .. . . . . . NET TRANSFERS 298.5 890.0 449.5 405.9 -170.7 -60.8 397.1 129.9 Official Sources .. .. .. .. .. .. . Private Sources .. .. . .. .. . Foreign Parent Comp. .. .. Financial Institutions .. .. Suppliers .. .. .. .. .. .. TOTAL DEBT SERVICE 740.6 1,153.6 1,585.7 1,861.7 2,868.1 3,058.8 3,354.0 3,807.4 Official Sources .. . Private Sources .. .. Foreign Parent Comp. .. .. .. .. .. Financial Institutions . Suppliers , 1982 1383 1984 1985 1986 1987 1888 1989 PROJECTED NON-GUARANTEED DEBT SERVICE TOTAL DEBT SERVICE 4,166.0 3,528.7 2,840.5 2,243.0 1,799.4 1,307.6 958.8 702.3 Principal 2,699.8 2,373.3 1,978.2 1,635.5 1,375.8 1,043.1 798.0 604.3 Interest 1,466.2 1,155.4 862.3 607.5 423.6 264.5 160.8 98.0 1 15 EAST ASiA AND THE PACIFIC (USS hz II iHons) 1972 1974 1976 1977 1978 1979 1980 1981 PUBLIC AND PRIVATE DEBT DEBT OUTS.DISB. ONLY 12,990.7 19,277.7 29,816.6 36,203.8 43,527.7 40,725.0 58,079.2 68,129.6 DISBURSEMENTS 3,319.4 5,160.8 7,953.1 5,674.5 11,912.2 13.772.S 13,541.9 17,671.7 PRINCIPAL REPAYMENTS 1,097.6 1,648.9 2,498.9 3,549.1 6,528.2 6,380.1 5,342.2 6,128.5 NET FLOWS 2,221.9 3,511.9 5,454.1 5,125.3 5,384.0 7,392.8 8,199.7 11,543.1 INTEREST PAYMENTS 475.6 775.4 1,456.4 1,782.3 2,349.2 3 329.4 4,315.7 5,6B2.6 NET TRANSFERS 1,746.3 2,736.5 3,997.7 3,343.0 3,034.8 4,063.4 3,884.0 5,880.5 TOTAL DEBT SERVICE 1,573.2 2,424.4 3,955.4 5,331.5 8,877.4 9,709.5 9,657.9 11,791.1 1982 1183 1984 1985 1986 1987 1988 1989 PROJECTED PUBLIC AND PRIVATE DEBT SERVICE TOTAL DEBT SERVICE 13,954.6 14,223.7 14,405.9 13,829.6 13,104.0 11,888.4 10,532.7 8,693.8 PRINCIPAL 7,392.0 7,783.1 8,414.5 8,475.8 8,416.8 7,938.6 7,329.2 6,159.4 INTEREST 6,5862.6 6,440.6 5,991.3 5,353.8 4,687.2 3,949.7 3,203.6 2,534.4 116 FIJI (uss Mi l l ions) 1972 1974 1976 1977 1978 1979 1980 1981 TOTAL DEBT OUTSTANDING DISBURSED ONLY TOTAL DEBT .. .. .. .. Public / Publicly Guar. 13.6 41.7 56.8 80.8 80.3 104.5 174.3 225.8 Private Non-guaranteed .. .. .. .. .. .. PUBLIC / PUBLICLY GUARANTEED DEBT DEBT OUTS. INC. UNDISB. 45.9 66.7 86.1 99.9 155.4 209.7 292.9 363.3 Official Creditors 40.3 50.2 74.5 79.0 140.5 161.5 24S.5 317.3 Multilateral 18.7 24.9 42.2 43.2 87.6 105.2 133.4 146.2 IBRD 14.0 18.2 34.8 34.4 48.9 48.3 63.1 80.0 IDA - - - - - - - - 8ilateral 21.6 25.3 32.4 35.8 52.9 56.3 110.0 171.1 Private Creditors 5.6 16.4 11.6 20.9 14.9 48.1 49.4 46.0 Suppliers 1.7 10.4 6.6 6.6 5.8 4.9 5.9 4.3 Financial Markets 3.9 6.1 5.0 14.4 9.1 43.3 43.5 41.7 DEBT OUTS. DISB. (DOD) 13.6 41.7 58.8 80.8 80.3 104.5 174.3 225.8 Official Creditors 8.4 25.3 45.3 60.3 65.3 82.4 124.9 179 8 Multilateral 0.7 12.6 25.5 31.8 31.7 44.0 66.2 93.5 IBRD 0.7 11.0 18.6 23.0 25.4 28.6 33.5 42.6 IDA - - - - - - - - Bilateral 7.8 12.7 19.8 28.6 33.6 38.4 58.7 86.3 Private Creditors 5.1 16.4 11.6 20.4 14.9 22.1 49.4 46.0 Suppliers 1.2 10.4 6.6 6.1 5.8 4.9 5.9 4.3 Financial Markets 3.9 6.1 5.0 14.4 9.1 17.3 43.5 41.7 COMMITMENTS 7.4 3.9 17.2 13.0 62.2 56.7 88.1 97.0 Official Creditors 6.9 3.9 17.2 2.6 62.2 20.7 81.6 97.0 Multilateral 6.9 - 12.7 .8 46.9 18.0 30.5 18.0 IBRD 2.2 - 12.0 - 15.0 - 15.5 18.0 IDA - - - - - - - - Bilateral - 3.9 4.5 0.8 15.4 2.7 51.1 79.0 Private Creditors 0.5 - - 10.5 - 36.0 6.5 - Suppliers 0.5 - - 0.5 - - 1.5 Financial Markets - - - 10.0 - 36.0 5.0 - DISBURSEMENTS 1.2 11.8 14.1 24.0 8.0 28.6 76.2 71.5 Official Creditors 0.0 11.8 14.1 14.0 7.5 18.6 43.7 71.5 Multilateral 0.0 6.7 6.7 6.9 3.0 13.1 23.5 30.2 IBRD - 5.3 4.2 4.8 3.0 3.7 5.7 10.2 IDA - - - - - - - - Bilateral - 5.1 7.4 7.1 4.5 5.5 20.2 41.3 Private Creditors 1.2 - - 10.0 0.5 10.0 32.5 - Suppliers 1.2 - - - 0.5 - 1.5 - Financial Markets - - - 10.0 - 10.0 31.0 - PRINCIPAL REPAYMENTS 0.2 1.5 2.2 3.1 10.3 6.1 9.9 8.5 Official Creditors 0.2 0.2 1.2 1.4 4.2 3.6 4.1 5.4 Multilateral - - 0.5 0.7 3.1 0.9 1.0 1.5 IBRO - - 0.4 0.4 0.5 0.6 0.7 1.1 IDA - - - - - - - - Bilateral 0.2 0.2 0.7 0.7 1.1 2.8 3.1 3.9 Private Creditors 0.1 1.3 1.0 1.7 6.1 2.5 5.8 3.1 Suppliers 0.1 1.3 1.0 0.9 0.8 0.8 0.8 1.3 Financial Markets - - - 0.8 5.3 1.7 5.0 1.8 NET FLOWS 0.9 10.3 11.9 20.9 -2.4 22.5 66.3 63.1 Official Creditors -0.1 11.6 12.9 12.6 3.2 15.0 39.6 66.1 Multilateral 0.0 6.7 6.3 6.2 -0.2 12.2 22.5 28.7 IBRD - 5.3 3.9 4.4 2.4 3.1 5.0 9.1 IDA - - - - - - - - Bilateral -0.2 4.9 6.6 6.4 3.4 2.8 17.1 37.5 Private Creditors 1.1 -1.3 -1.0 8.3 -5.6 7.5 26.7 -3.1 Suppliers 1.1 -1.3 -1.0 -0.9 -0.3 -0.8 0.7 -1.3 Financial Markets - - - 9.2 -5.3 8.3 26.0 -1.8 INTEREST PAYMENTS(INT) 0.9 3.0 3.6 4.2 6.1 1.0 9.1 17.7 Official Creditors 0.7 1.4 2.4 3.1 4.5 4.6 6.1 10.0 Multilateral 0.2 0.7 1.6 2.0 2.5 2.8 3.3 5.4 IBRD 0.1 0.7 1.2 1.5 2.1 2.4 2.7 3.0 IDA - - - - - - - - Bilateral 0.5 0.7 0.8 1.1 2.0 1.7 2.7 4.5 Private Creditors 0.3 1.6 1.2 1.2 1.6 1.5 3.0 7.8 Suppliers - 1.1 0.7 0.6 0.6 0.5 0.4 0.5 Financial Markets 0.3 0.6 0.4 0.6 1.1 1.0 2.5 7.3 117 FIJI (US$ MA4i ions) 1972 1974 1976 1977 1978 1979 1s80 1961 NET TRANSFERS 0.0 7.3 8.3 16.7 -8.4 16.5 57.3 45.3 Official Creditors -0.8 10.2 10.5 9.5 -1.2 10.4 33.5 56.2 Multilateral -0.1 6.0 4.7 4.2 -2.7 9.4 19.2 23.2 IBRD -0.1 4.7 2.7 2.8 0.4 0.8 2.3 6.i IDA - - - Bilateral -0.7 4.2 5.8 5.3 1.5 1.0 14.4 32.9 Private Creditors 0.8 -3.0 -2.2 7.2 -7.2 6.0 23.8 -10.8 Suppliers 1.1 -2.4 -1.7 -1.5 -0.9 -1.3 0.2 -1.7 Financial Markets -0.3 -0.6 -0.4 8.6 -6.3 7.4 23.5 -9.1 TOTAL DEBT SERVICE(TDS) 1.2 4.5 5.8 7.3 16.4 12.2 18.9 26.2 Official Creditors 0.8 1.6 3.6 4.5 8.7 8.2 10.2 15.4 Multilateral 0.2 0.7 2.0 2.7 5.7 3.7 4.A 7.0 IBRO 0.1 0.7 1.6 2.0 2.6 2.9 3.3 4.1 IDA - - - - - _ _ _ Bilateral 0.7 0.8 1.6 1.8 3.0 4.5 5.8 8.4 Private Creditors 0.4 3.0 2.2 2.8 7.7 4.0 8.7 10.8 Suppliers 0.1 2.4 1.7 1.5 1.4 1.3 1.2 1.7 Financial Markets 0.3 0.6 0.4 1.4 6.3 2.6 7.5 9.1 AVERAGE TERMS: PUBLIC DEBT NEW COMMITMENTS ALL CREDITORS Interest (%) 7.3 5.4 7.6 7.9 7.3 10.9 8.1 7.4 Maturity tyears) 19.2 13.9 19.0 6.2 16.3 16.8 14.4 26.8 Grace Period (years) 4.4 4.4 5.0 2.7 3.7 5.1 3.7 5.5 Grant Element (%) 15.5 22.0 13.3 7.7 14.9 1.8 9.6 18.4 OFFICIAL CREDITORS Interest (%) 7.4 5.4 7.6 2.8 7.3 4.2 7.9 7.4 Maturity Gyears) 20 2 13.9 19.0 10.9 16.3 28.6 14.7 26.8 Grace Period (years) 4.7 4.4 5.c 3.5 3.7 7.1 3.7 5.5 Grant Element (%) 15.9 22.0 13.3 31.4 14.9 47.1 10.6 18.4 PRIVATE CREDITORS Interest (%) 6.0 - - 9.2 - 14.7 10.2 - Maturity (years) 6.0 - - 5.1 - 10.0 10.0 - Grace Period (vears) 1.4 - - 2.5 - 4.0 3.3 - Grant Element (%) 11.1 - - 1.9 - -24.3 -4.2 - MAJOR ECONOMIC AGGREGATES (U.S. $ MILLIONS) Gross Nat. Product (GNP) 306 557 692 701 802 982 1,109 1,201 Exports of G. & S. (XGS 151 286 256 318 369 475 585 559 Imports of G. & S. (MGS) 192 317 311 350 403 547 658 754 Intl. Reserves (RES) 69 109 116 148 137 142 174 139 PRINCIPAL RATIOS Do/XGS 9.0 14.6 22.2 25.4 21.7 22.0 29.8 40.4 DOOJGNP % 4.4 7.5 8.2 11.5 10.0 10.6 15.7 18.8 TDS/XGS % 0.8 1.6 2.3 2.3 4.4 2.6 3.2 4.7 TDS/GNP % 0.4 0.8 0.8 1.0 2.0 1.2 1.7 2.2 INT/XGS % 0.6 1.1 1.4 1.3 1.6 1.3 1.5 3.2 INT/GNP % 0.3 0.5 0.5 0.6 0.8 0.6 0.8 1.5 RES/DOD % 512.0 261.7 204.7 183.3 170.1 136.0 99.9 61.8 RES/MGS months) 4.3 4.1 4.5 5.1 4.1 3.1 3.2 2.2 MEMORANDA Proportion of Disbursed Debt Concessional Loans (%) - 7.1 19.8 24.7 28.1 24.2 18.6 17.6 Var. Int. Rate Loans (%) - - - - - 9.6 23.5 18.2 Use of IMF Credit(US$ mil - 0.4 - 7.9 8.5 8.6 - - 1982 1983 1984 1985 1986 1987 1988 1989 PROJECTED PUBLIC DEBT SERVICE TOTAL DEBT SERVICE 30.7 37.8 46.2 46.8 45.7 47.2 45.0 42.4 Principal 10.6 14.3 22.0 23.1 23.2 26.9 27.1 27.0 Interest 20.1 23.3 24.1 23.7 22.5 20.3 17.9 15.4 OFFICIAL CREDITORS 22.8 26.4 33.8 35.4 35.3 37.8 36.5 35.3 Principal 9.3 9.7 15.6 16.6 16.7 20.4 20.5 20.9 Interest 13.3 16.6 18.3 18.8 18.6 17.4 15.9 14.4 PRIVATE CREDITORS 8.1 11.3 12.4 11.4 10.4 9.4 8.5 7.1 Principal 1.3 4.6 6.5 6.5 6.5 6.5 6.6 6.1 Interest 6.8 6.7 5.9 4.9 3.9 2.9 1.9 1.0 118 HONG KONG (USS Millions) 1972 1974 1976 1977 1978 1979 1980 19Bi TOTAL DEBT OUTSTANDING DISBURSED ONLY TOTAL DEBT Public / Publicly Guar. 1.4 17.4 61.7 163.5 214.9 329.9 484.8 308.7 Private Non-guaranteed . . .. .. .. .. .. PUBLIC / PUBLICLY GUARANTEED DEBT DEBT OUTS. INC. UNDISB. 22.9 22.0 518.6 585.2 929.6 1,274.6 1,099.7 352.1h Official Creditors 22.9 22.0 39.4 57. I 69.5 67.3 83.8 71.7 Multilateral 21.5 21.5 39.4 57.1 69.5 67.3 83.8 71.7 IBRD - - - - - - - IDA - - - - - - - Bilateral 1.4 0.5 - - - - - - Private Creditors - - 479.2 528.1 860.1 1,207.3 1,015.9 280.4 Suppliers - - 130.0 164.0 69.8 84.3 83.1 62.5 Financial Markets - - 349.2 364.2 790.3 1,123.0 932.8 217.9 DEBT OUTS. DISS. (DOD) 1.4 17.4 61.7 163.5 214.9 329.9 484.8 308.7 Official Creditors 1.4 17.4 19.4 17.1 18.2 28.0 42.4 47.1 Multilateral - 16.9 19.4 17.1 18.2 28.0 42.4 47.1 IBRD - - - - - - - - IDA - - ----- Bilateral 1.4 0.5 - - - - - - Private Creditors - - 42.4 146.4 196.7 30i.9 442.4 261.6 Suppliers - - 15.7 69.7 48.4 45.3 54.3 53.9 Financial Markets - - 26.7 76.7 148.3 256.6 388.1 207.7 COMMITMENTS 21.5 - 428.6 50.1 422.8 384.6 51.8 1.8 Official Creditors 21.5 - 20.0 20.5 19.5 - 20.0 - Multilateral 21.5 - 20.0 20.5 19.5 - 20.0 - IBRD - - - - - - IDA - - Bilateral - - - - - - - - Private Creditors - - 408.6 29.6 403.3 384.6 31.8 1.8 Suppliers - - 87.0 6.9 - 23.9 9.7 0.4 Financial Markets - - 321.6 22.7 403.3 360.7 22.1 1.4 DISBURSEMENTS - 16.8 43.8 91.8 108.4 112.4 181.2 39.5 Official Creditors - 16.8 3.3 0.6 3.6 12.0 17.8 16.9 Multilateral - 16.8 3.3 0.6 3.6 12.0 17.8 16.9 IBRD - - - - - - - - IDA - -- ---- Bilateral - - - - - - - Pr-vate Creditors - - 40.6 91.2 104.8 100.3 163.3 22.6 Suppliers - - 15.3 45.7 41.7 7.3 13.1 9.8 Financial Markets - - 25.3 45.5 63.1 93.0 150.3 12.8 PRINCIPAL REPAYMENTS 0.5 0.5 2.5 3.4 79.4 9.7 35.7 154.7 Official Creditors 0.5 0.5 1.9 2.8 2.6 2.2 3.5 12.1 Multilateral - - 1.9 2.8 2.6 2.2 3.5 12.1 IBRD - - - - - - IDA - - - - - - - - Bilateral 0.5 0.5 - - - - - Private Creditors - - 0.6 0.6 76.8 7.5 32.2 142.5 Suppliers - - - 76.2 6.6 3.8 4.6 Financial Markets - - 0.6 0.6 0.6 069 28.4 137.9 NET FLOWS -0.5 16.3 41.3 88.4 29.0 102.7 145.5 -115.2 Official Creditors -0.5 16.3 1.4 -2.2 1.0 9.9 14.3 4.7 Multilateral - 16.8 1.4 -2.2 1.0 9.9 14.3 4.7 IBRD - - - - - - - IDA - - Bilateral -0.5 -0.5 - - - - - - Private Creditors - - 39.9 90.6 28.0 92.8 131.2 -119.9 Suppliers - - 15.3 45.7 -34.5 0.7 9.3 5.2 Financial Markets - - 24.6 44.9 62.4 92.1 121.9 -125.2 INTEREST PAYMENTS(INT) - 0.1 2.0 6.0 14.4 10.1 45.1 36.6 Official Creditors - 0.1 1.4 1.5 1.9 1.6 3.2 3.2 Multilateral - 0.1 1.4 1.5 1.9 1.6 3.2 3.2 IBRO - - - - - - - - IDA - - Bilateral - - - - - - - - Private Creditors - - 0.6 4.5 12.5 8.4 41.9 33.4 Suppliers - - 0.2 1.9 8.3 1.9 4.9 4.1 Financial Markets - - 0.4 2.6 4.3 6.5 37.0 29.3 l1e HONG KONG (USs M:1ions) 1972 1974 1976 1977 1978 1979 1980 1981 NET TRANSFERS -0.5 16.2 39.3 82.4 14.6 92.6 100.4 -151.8 Official Creditors -0.5 16.2 0.0 -3.7 -0.9 8.2 11.2 1.5 Multilateral - 16.7 0.0 -3.7 -0.9 8.2 11.2 1.5 IBRD - IDA - - - - - - - - Bilateral -0.5 -0.5 - - - Private Creditors - - 39.3 86.1 15.4 84.4 89.3 -153.3 Suppliers - - 15.1 43.8 -42.7 -1.2 4.4 1.2 Financial Markets - 24.2 42.3 58.2 85.6 84.9 -154.5 TOTAL DEBT SERVICE(TDS) 0.5 0.6 4.5 9.4 93.9 19.7 80.7 191.2 Official Creditors 0.5 0.6 3.3 4.3 4.5 3.8 6.7 15.3 Multilateral - 0.1 3.3 4.3 4.5 3.8 6.7 15.3 IBRD - - IDA - - Bilateral 0.5 0.5 - - - - - - Private Creditors - - 1.2 5.1 89.4 15.9 74.1 175.9 Suppliers - - 0.2 1.9 84.5 8.5 8.7 8.7 Financial Markets - - 1.0 3.2 4.9 7.4 65.4 167.2 AVERAGE TERMS: PUBLIC DEBT NEW COMMITMENTS ALL CREDlTORS Interest (%) 7.5 - 8.3 7.9 8.4 10.0 8.1 8.1 Maturity (years) 12.9 - 13.1 13.7 10.2 10.8 13.5 11.9 Grace Period (years) 3.4 - 4.1 3.0 5.4 4.6 3.5 3.7 Grant Element (%) 12.1 - 7.5 10.3 7.1 -1.1 9.0 8.7 OFFICIAL CREDITORS Interest (%) 7.5 - 9.5 8.7 7.7 - 8.1 - Maturity (years) 12.9 - 14.5 12.7 12.8 - 12.5 - Grace Period (years) 3.4 - 5.0 3.2 3.3 - 3.0 - Grant Element (%) 12.1 - 1.6 5.6 10.9 - 8.6 - PRIVATE CREDITORS Interest %) - - 8.3 7.3 8.5 10.0 8.1 8.1 Maturity years) - - 13.1 14.4 10.0 10.8 14.1 11.9 Grace Peri od (years) - - 4.1 2.9 5.5 4.6 3.9 3.7 Grant Element (%) - - 7.7 13.6 6.9 -1.1 9.2 8.7 MAJOR ECONOMIC AGGREGATES (U.S. $ MILLIONS) Gross Nat. Product (GNP) 4,704 7,904 10,917 13,124 15,239 18,344 22,884 29,312 Exports of G. & S. XGS) Imports of G. & S. (MGS .. Intl. Reserves (RES) .. .. .. .. .. PRINCIPAL RATIOS DOD/XGS %) . .. .. .. .. .. . ODD/GNP %) 0.2 0.6 1.2 1.4 1.8 2.1 1.1 TDS/XGS %) . .. TDS/GNP %) - - O . 0.6 O. 0.4 O0i INT/XGS %) .. .. .. .. . INT/GNP % - - - - 0.1 0i1 0.2 0.1 RES/DOD % .. .. .. .. .. .. . RES/MGS (months) .. . .. .. .. .. . MEMORANDA Proportion of Disbursed Debt Concessional Loans (%) 100.0 2.7 - - - - - - Var. Int Rate Loans (% - - 4.1 3.5 2.4 1.3 18.2 - Use of IMF Credit(US$ mil) - - - - - - - - 1982 1983 1984 1985 1986 1987 1988 1989 PROJECTED PUBLIC DEBT SERVICE TOTAL DEBT SERVICE 52.8 61.5 59.4 57.0 54.4 51.8 49.1 45.5 Principal 27.3 37.0 37.3 37.6 37.9 38.2 38.6 38.2 Interest 25.5 24.5 22.1 19.4 16.6 13.6 10.5 7.3 OFFICIAL CREDITORS 8.7 11.0 11.1 11.1 11.0 10.9 10.6 10.4 Principal 4.5 6.8 7.0 7.3 7.6 8.0 8.3 8.7 Interest 4.2 4.3 4.1 3.8 3.4 2.9 2.3 1.6 PRIVATE CREDITORS 44.1 50.5 48.3 45.9 43.4 40.9 38.4 35.2 Principal 22.8 30.3 30.3 30.3 30.3 30.3 30.3 29.5 Interest 21.3 20.3 18.0 15.6 13.1 10.6 8.1 5.7 120 INDONESIA (USs M;l 1lions) 1972 1974 1976 1977 1978 1979 1980 1981 TOTAL DEBT OUTSTANDING DISBURSED ONLY TOTAL DEBT .. .. .. .. .. Public / Publicly Guar. 4,204.1 6,358.2 10,001.7 11,658.3 13,107.3 13,234.4 14,882.1 15,529.1 Private Non-guaranteed . . .. .. .. .. .. PUBLIC / PUBLICLY GUARANTEED DEBT DEBT OUTS. INC. UNDISB. 5,206.8 9,019.1 14,534.2 15,133.8 18,947.3 21,215.7 24,335.5 26,816.8 Official Creditors 4,394.4 6,268.1 8,828.4 10,589.1 12,750.6 14,177.5 16,533.0 17,699.6 Multilateral 406.1 900.0 1,960.2 2,485.9 3,222.1 4,263.0 5,215.7 6,332.2 IBRO - 137.5 1,010.6 1,414.7 1,840.0 2,542.7 3,068.6 3,859.5 IDA 336.5 573.5 573.2 572.6 691.4 780.0 940.3 938.0 Bilateral 3,988.3 5.368;1 6,868.2 8,103.2 9,528.5 9,914.5 11,317.4 11,367.5 Private Creditors 812.4 2,751.0 5,705.8 5,544.7 6,196.6 7,038.2 7,802.5 9,117.1 Suppliers 457.4 1,870.7 1,981.2 1,854.8 1,739.2 1,789.4 1,693.8 2,353.2 Financial Markets 165.3 657.6 3,519.2 3,480.3 4,228.3 5,021.9 5,914.4 6,604.0 DEBT OUTS. DISB. (DOD) 4,204.1 6,358.2 10,001.7 11,658.3 13,107.3 13,234.4 14,882.1 15,529.1 Official Creditors 3,457.6 4,618.7 5,912.6 7,075.2 8,390.2 8,436.0 9,399.5 9,746.0 Multilateral 73.0 243.5 717.6 983.6 1,190.8 1,440.3 1,833.5 2,041.8 IBRD - - 213.2 402.3 563.5 739.1 1,039.7 1,100.8 IDA 67.5 211.2 417.5 466.4 495.9 525.4 565.8 632.2 Bilateral 3,384.6 4.375.3 5,195.0 6,091.6 7,199.3 6,995.7 7,566.0 7,704.2 Private Creditors 746.4 1,739.4 4,089.1 4,583.1 4,717.1 4,798.3 5,482.5 5,783.1 Suppliers 422.0 986.0 1,449.1 1,571.9 1,558.2 1,547.4 1,474.8 1,336.2 Financial Markets 134.8 530.8 2.434.5 2,801.6 2,929.8 3,024.0 3,813.5 4,287.0 COMMITMENTS 864.2 2,335.4 3,133.3 1,720.5 3,288.4 4,196.9 4,181.8 4,915.8 Official Creditors 506.7 850.5 1,697.3 1,336.0 1,550.0 2,314.9 2,514.2 2,329.8 Multilateral 123.3 273.1 672.8 541.5 749.7 1,077.5 1,018.6 1,174.8 IBRD - 137.5 563.5 405.5 432.0 726.0 572.0 837.0 IDA 101.5 57.5 - - 119.0 89.0 162.0 - Bilateral 383.3 577.4 1,024.5 794.5 800.2 1,237.4 1,495.6 1,155.0 Private Creditors 357.6 1,485.0 1,436.0 384.5 1,738.4 1,882.0 1,667.6 2,585.9 Suppliers 193.9 1,224.6 421.9 34.6 40.7 229.4 122.2 953.7 Financial Markets 163.7 260.4 1,014.1 349.9 1,697.7 1,652.7 1,545.4 1,632.2 DISBURSEMENTS 805.2 1,120.3 2,332.2 1,956.1 2,205.4 1,865.4 2,536.4 2,355.8 Official Creditors 408.3 487.0 920.4 867.2 934.9 739.5 1,087.2 1,148.6 Multilateral 36.0 87.6 291.2 267.7 215.9 279.1 431.4 265.4 IBRD - - 157.2 190.6 167.9 198.9 331.3 106.3 IDA 32.0 76.3 99.4 49.0 29.5 29.8 41.7 68.6 Bilateral 372.3 399.3 629.2 599.5 718.9 460.5 655.7 883.2 Private Creditors 397.0 633.4 1,411.8 1,089.0 1,270.5 1,125.9 1,449.2 1,207.2 Suppliers 262.7 408.7 525.6 287.3 150.4 127.8 139.5 133.5 Financial Markets 134.3 224.6 886.2 801.6 1,120.1 998.1 1,309.7 1,073.8 PRINCIPAL REPAYMENTS 93.1 211.6 433.7 821.0 1.548.3 1,328.7 952.7 1,001.0 Official Creditors 53.3 70.6 86.8 116.9 204.5 255.1 311.0 360.9 Multilateral - - 1.0 1.6 8.4 27.3 38.2 57.1 IBRD - - 0.9 1.4 6.7 23.3 30.6 45.2 IDA - - - - 0.0 0.4 1.3 2.2 Bilateral 53.3 70.6 85.9 115.3 196.1 227.7 272.9 303.8 Private Creditors 39.9 141.0 346.9 704.1 1,343.8 1,073.6 641.7 640.1 Suppliers 37.2 104.7 214.9 168.1 170.8 126.0 227.6 262.0 Financial Markets 0.2 26.4 121.8 525.0 1,160.7 938.3 404.6 370.5 NET FLOWS 712.1 908.7 1,898.5 1,135.1 657.0 536.8 1,583.7 1,354.8 Official Creditors 355.0 416.4 833.6 750.3 730.4 484.5 776.1 787.7 Multilateral 36.0 87.6 290.2 266.0 207.6 251.7 393.3 208.2 IBRD - - 156.4 189.1 161.2 175.6 300.6 61.1 IDA 32.0 76.3 99.4 49.0 29.5 29.4 40.4 66.4 Bilateral 319.0 328.8 543.4 484.2 522.8 232.8 382.8 579.4 Private Creditors 357.1 492.3 1,065.0 384.9 -73.3 52.3 807.6 567.2 Suppliers 225.5 304.1 310.7 119.2 -20.4 1.8 -88.1 -128.6 Financial Markets 134.1 198.3 764.4 276.6 -40.6 59.8 905.2 703.3 INTEREST PAYMENTS(INT) 46.8 80.0 326.9 440.7 513.8 770.9 819.2 972.7 Official Creditors 42.2 52.7 100.2 159.4 225.5 290.5 302.1 320.4 Multilateral 0.4 1.5 8.3 36.2 63.5 85.1 107.0 122.8 IBRD - 0.1 3.5 29.2 53.1 71.7 88.9 97.7 IDA 0.3 1.2 2.4 3.1 3.5 3.8 4.0 4.4 Bilateral 41.8 51.1 91.9 123.2 162.0 205.3 195.2 19,.5 Private Creditors 4.7 27.3 226.7 281.3 288.3 480.4 517.1 652.4 Suppliers 4.2 11.9 47.2 25.8 60.2 138.3 116.8 135.0 Financial Markets 0.0 13.0 177.4 253.4 225.8 339.9 398.1 515.7 1Z1 INDONESIA (US$ Millions) 1972 1974 1976 1977 1978 1979 1980 1981 NET TRANSFERS 665.2 828.7 1,571.6 694.4 143.3 -234.2 764.5 382.1 Official Creditors 312.8 363.7 733.4 590.8 504.9 194.0 474.0 467.3 Multilateral 35.6 86.1 281.9 229.8 144.1 166.6 286.3 85.4 IBRD - -0.1 152.9 159.9 108.1 103.9 211.7 -36.6 IDA 31.7 75.2 97.0 45.8 25.9 25.6 36.4 62.0 Bilateral 277.2 277.6 451.4 361.0 360.8 27.4 187.6 381.9 Private Creditors 352.4 465.0 838.2 103.6 -361.6 -428.2 290.5 -85.2 Supplierhs 221.3 292.2 263.5 93.4 -80.6 -136.5 -204.9 -263.6 Financial Markets 134.1 185.2 587.0 23.2 -266.3 -280.1 507.1 187.6 TOTAL DEBT SERVICE(TDS) 140.0 291.6 760.6 1,261.7 2,062.1 2,099.6 1,771.9 1,973.7 Official Creditors 95.5 123.2 187.0 276.4 430.0 545.5 613.2 681.3 Multilateral 0.4 1.5 9.2 37.9 71.8 112.5 145.1 180.0 IBRD - 0.1 4.3 30.7 59.8 95.0 119.5 142.9 IDA 0.3 1.2 2.4 3.1 3.6 4.2 5.3 6.6 Bilateral 95.1 121.7 177.8 238.5 358.1 433.1 468.1 501.3 Private Creditors 44.5 168.4 573.6 985.3 1,632.1 1,554.0 1,158.7 1,292.5 Suppliers 41.3 116.6 262.1 193.9 231.0 264.2 344.4 397.0 Financial Markets 0.2 39.4 299.2 778.4 1.386.4 1,278.2 802.7 886.2 AVERAGE TERMS: PUBLIC DEBT NEW COMMITMENTS ALL CREDITORS Interest (%) 5.0 7.2 7.5 6.3 7.6 6.6 8.2 8.9 Maturity 'years) 22.0 19.4 14.9 20.5 18.7 18.7 18.6 15.5 Grace Period (years) 5.9 4.6 3.8 5.2 5.0 5.5 5.2 4.3 Grant Element (%) 38.6 20.2 14.1 26.5 18.3 22.7 16.1 6.1 OFFICIAL CREDITORS Interest (%) 2.2 3.9 7.0 5.6 4.6 5.0 5.5 7.9 Maturity (years) 33.8 27.6 20.6 23.8 30.1 24.9 24.4 20.8 Grace Period (years) 9.1 7.7 5.3 6.5 6.9 6.8 6.6 5.7 Grant Element (%) 64.0 47.9 20.8 32.9 41.4 36.9 34.4 14.0 PRIVATE CREDITORS Interest (%) 9.0 G.2 8.1 8.7 10.2 8.6 12.3 9.8 Maturity (years) 5.3 14.8 8.3 9.1 8.7 11.1 9.8 10.7 Grace Period (years) 1.4 2.8 2.1 0.7 3.4 4.0 2.9 3.0 Grant Element (%) 2.6 4.3 6.3 4.2 -2.2 5.2 -11.5 -1.0 MAJOR ECONOMIC AGGREGATES (U.S. $ MILLIONS) Gross Nat. Product GNP) 10,614 24.581 36.229 44.173 48.877 47,402 66,342 82,975 Exports of G. & S. XGS 1.837 7.464 8,776 10,926 11,309 15.536 22.208 23,757 Imports of G. & S. (MGS 2,222 6,915 9,700 10.997 12,745 14,591 19,403 25,022 Intl. Reserves (RES) 580 1,501 1,505 2,537 2,677 4,205 6,803 6.248 PRINCIPAL RATIOS DOD/XGS % 228.9 85.2 114.0 106.7 115.9 85.2 67.0 65.4 DOD/GNP % 39.6 25.9 27.6 26.4 26.8 27.9 22.4 18.7 TDS/XGS % 7.6 3.9 8.7 11.5 18.2 13.5 8.0 8.3 TDS/GNP % 1.3 1.2 2.i 2.9 4.2 4.4 2.7 2.4 INT/XGS % 2.5 1.1 3.7 4.0 4.5 5.0 3.7 4.1 INT/GNP % 0.4 0.3 0.9 1.0 1.1 1.6 1.2 1.2 RES/DOD % 13.8 23.6 15.0 21.8 20.4 31.8 45.7 40.2 RES/M&S months) 3.1 2.6 1.9 2.8 2.5 3.5 4.2 3.0 MEMORANDA Proportion of Disbursed Debt Concessional Loans (%) 80.3 71.2 53.3 52.2 53.4 51.6 50.5 49.6 Var. Int. Rate Loans (%) 3.0 6.8 20.7 18.7 15.2 14.7 17.1 18.9 Use of IMF Credit(US$ milJ 116.3 - - - - - - - 1982 1983 1984 1985 1986 1987 1988 1989 PROJECTED PUBLIC DEBT SERVICE TOTAL DEBT SERVICE 2,402.3 2,717.4 2,947.1 3,102.4 2,887.4 2,873.7 2,664.8 2,379.1 Principal 1,372.0 1,536.9 1,728.6 1,898.6 1.757.3 1,845.2 1,766.7 1,613.6 Interest 1,090.2 1,180.5 1,218.5 1,203.8 1,130.1 1,028.6 898.0 765.5 OFFICIAL CREDITORS 918.6 1,032.7 1,178.9 1,357.8 1,411.0 1,441.5 1,448.8 1,415.8 Principal 527.4 555.7 623.8 739.6 777.4 816.8 844.9 841.7 Interest 391.2 477.0 555.1 618.2 633.6 624.7 603.9 574.1 PRIVATE CREDITORS 1,543.7 1,884.6 1,768.2 1,744.6 1,478.3 1,432.3 1,216.0 963.3 Principal 844.6 981.2 1,104.8 1,159.0 979.9 1,028.4 921.8 771.8 Interest 699.0 703.5 663.4 585.5 496.4 403.8 294.2 191.5 KOREA. REPUBLIC OF (US$ Mi 1iions) 1972 1974 1976 1977 1978 1979 1980 1981 TOTAL DEBTr OUTSTAND!NG DISBURSED ONLY TOTAL DEBT 3,088.4 4,724.6 7,253.3 9,026.4 11,747.3 14,304.7 16,704.5 20,652.0 Public / Publicly Guar. 2,888.2 4,357.2 6,815.4 8,593.5 11,360.7 13.930.8 16,273.9 19,964.4 Private Non-guaranteed 200.2 367.4 437.9 432.9 386.6 373.9 430.6 687.6 PUBLIC / PUBLICLY GUARANTEED DEBT DEBT OUTS. INC. UNDISB. 3,981.6 6,265.0 10,255.2 12,833.4 17,596.9 19,172.3 23,345.7 25,960.7 Official Creditors 2,048.1 3,145.1 4,968.5 5,940.9 7,971.5 8,421.8 10,467.8 11,354.4 Multilateral 551.7 929.5 1,852.0 2,283.7 3,038.1 3,499.7 3,856.7 4,657.6 IBRD 264.8 489.6 1,222.5 1,538.0 2,170.6 2,558.4 2.767.1 3,398.7 IDA 90.4 115.0 114.7 114.5 t14.4 113.9 113.3 112.6 Bilateral 1,496.4 2,215.6 3,116.5 3,657.3 4,933.4 4,922.0 6,611.1 6,696.7 Private Creditors 1,933.5 3,119.9 5,286.7 6,892.4 9,625.4 10,750.5 12,877.9 14,606.3 Suppliers ,424.5 1,797.3 2,663.2 3,112.1 3,865.1 3,132.8 3,099.2 2,674.6 Financial Markets 509.0 1.322.6 2,623.5 3,780.3 5,760.3 7,617.7 9,778.7 11,931.7 DEBT OUTS. DISE. (DOD) 2,888.2 4,357.2 6,815.4 8,593.5 11,360.7 13,930.8 16,273.9 19,964.4 Official Creditors 1,372.5 2,187.0 3,357.5 4,119.8 5,015.1 5,664.9 6,498.0 7,701.9 Multilateral 175.0 413.1 1,046.3 1,295.1 1,660.0 2,109.0 2,346.7 2,711.3 IBRD 96.3 221.9 676.9 849.1 1,144.0 1,534.1 1,722.7 1,991.4 IDA 47.1 78.1 102.4 111.1 114.4 113.9 113.2 112.6 Bilateral 1,197.5 1,773.9 2,311.2 2,824.7 3,355.1 3,555.9 4,151.3 4,990.6 Private Creditors 1.515.7 2,170.1 3,457.9 4,473.7 6,345.7 8,265.8 9,775.8 12,262.5 Suppliers 1,171.6 1,404.7 1,849.2 2,275.9 3,164.4 2,785.9 2,954.8 2,541.1 Financial Markets 344.1 765.5 1,608.7 2,197.8 3,181.2 5,479.9 6,821.0 9.721.3 COMMITMENTS 948.9 1,683.5 3,518.4 2,805.4 5,156.0 3,753.9 5,390.2 5,153.2 Official Creditors 631.0 547.2 1,294.0 893.6 1,901.8 923.0 2,137.3 1,383.5 Multilateral 166.8 174.0 485.5 470.2 809.0 539.1 465.6 963.1 IBRD 73.0 85.0 371.5 335.0 659.0 424.0 274.0 730.0 IDA 25.5 - - - _ - - _ Bilateral 464.2 373.2 808.5 423.5 1,092.8 383.9 1,671.7 420.4 Private Creditors 318.0 1,136.3 2,324.5 1,911.8 3,254.2 2,831.0 3,252.9 3,769.7 Suppliers 140-3 473.3 1,077.9 587.3 910.8 449.4 484.3 464.2 Financial Markets 177.7 663.0 1,246.6 1,324.5 2,343.3 2,381.6 2,768.5 3,305.5 DISBURSEMENTS 811.7 1,178.6 1,755.7 2,205.3 3,383.1 4,632.2 3,548.3 6,086.9 Official Creditors 437.8 432.9 738.5 700.8 812.9 1,047.2 950.1 1,657.3 Multilateral 72.0 150.3 380.9 285.4 413.2 517:1 344.1 511.6 IBRD 57.9 88.5 285.6 190.2 321.3 426.0 253.9 366.8 IDA 3.8 20.2 10.2 9.0 3.4 - - - Bilateral 365.8 282.6 357.6 415.4 399.7 530.1 606.0 1,145.7 Private Creditors 373.9 745.6 1,017.2 1,504.5 2,570.2 3,585.0 2,598.2 4,429.6 Suppliers 259.0 336.7 457.1 682.2 1,180.7 698.2 691.0 471.5 Financial Markets 114.9 409.0 560.1 822.3 1,389.5 2,886.7 1,907.2 3,958.1 PRINCIPAL REPAYMENTS 269.0 353.4 517.2 745.6 1,167.5 1,687.3 1,451.9 1,820.4 Official Creditors 14.4 41.2 74.8 106.9 149.8 194.9 261.3 320.0 Multilateral 2.9 t1.0 24.3 36.7 47.5 68.2 106.4 146.5 IBRD 2.0 7.4 12.2 18.0 25.4 36.0 65 3 98.2 IDA - 0.2 0.2 0.2 0.3 0.4 0.6 0.7 Bilateral 11.5 30.2 50.5 70.2 102.3 126.7 154.9 173.4 Private Creditors 254.6 312.2 442.4 638.8 1,017.8 1,492.5 1.190.6 1,500.5 Suppliers 186.4 246.2 308.4 375.9 523.8 880.5 659.0 723.8 Financial Markets 68.1 65.9 134.1 262.9 494.0 611.9 531.6 776.7 NET FLOWS 542.8 825.2 1,238.5 1,459.7 2,215.5 2,944.9 2,096.4 4,266.5 Official Creditors 423.4 391.7 663.7 593.9 663.1 852.4 688.8 1,337.4 Multilateral 69.1 139.3 356.6 248.8 365.7 449.0 237.7 365.1 IBRO 55.9 81.0 273.4 172.2 295.9 390.1 188.7 268.6 IDA 3.8 20.0 10.0 8.8 3.1 -0.4 -0.6 -0.7 Bilateral 354.4 252.4 307.1 345.2 297.4 403.4 451.0 972.3 Private Creditors 119.3 433.4 574.8 865.7 1,552.4 2,092.5 1,407.6 2,929.1 Suppliers 72.5 90.4 148.8 306.4 656.9 -182.3 32.0 -252.3 Financial Markets 46.8 343.0 426.0 559.4 895.5 2,274.8 1,375.6 3,181.4 INTEREST PAYMENTS(INT) 138.1 196.1 391.5 455.5 656.9 890.3 1,310.0 1,776.9 Official Creditors 53.1 56.8 138.3 190.0 252.9 299.6 362.4 421.1 Multilateral 6.9 21.8 55.0 83.1 120.1 159.2 191.5 194.9 IBRO 4.3 14.8 37.8 57.8 89.9 120.6 144.7 147.1 IDA 0.4 0.5 0.9 0.8 0.9 0.9 0.9 0.9 Bilateral 46.2 35.1 83.2 106.9 132.9 140.4 170.9 226.2 Private Creditors 84.9 139.3 253.2 265.5 404.0 590.7 947.7 1,355.9 Suppliers 70.5 101.2 141.3 128.9 176.3 208.6 232.0 238.6 Financial Markets 14.4 38.1 111.9 136.6 227.7 382.1 715.6 1,117.2 KOREA, REPUBLIC OF (US$ Mi N1ions) 1972 1974 1976 1977 1978 1979 1980 1981 NET TRANSFERS 404.7 629.0 847.0 1,004.1 1,558.6 2,054.6 786.4 2,489.5 Official Creditors 370.3 33A.9 525.5 403.9 410.2 552.8 326.4 916.3 Multilateral 62.1 1i7.5 301.6 165.7 245.7 289.8 46.2 170.2 IBRD 5i.6 65.2 235.5 114.4 205.9 269.5 43.9 121.6 IDA 3.4 19.5 9.1 7.9 2.2 -1.3 -1.5 -1.6 Bilateral 308.1 217.4 223.9 238.3 164.5 263.0 280.2 746.1 Private Creditors 34.4 294.1 321.5 600.2 1,148.4 1,501.8 460.0 1,573.2 Suppliers 2.0 -10.8 7.4 177.4 480.6 -390.9 -200.0 -490.9 Financial Markets 32.4 304.9 314.1 422.8 667.8 1,892.7 660.0 2,064.1 TOTAL DEBT SERVICE(TDS) 407.1 549.5 908.7 1,201.1 1,824.5 2,577.6 2,761.9 3,597.4 Official Creditors 67.5 98.0 213.0 296.9 402.7 494.4 623.7 741.0 Multilateral 9.8 32.8 79.3 119.8 167.5 227.4 297.9 341.4 IBRD 6.3 22.3 50.0 75.8 115.3 156.5 210.0 245.3 'DA 0.4 0 6 1.1 1.0 1.1 1.3 1.5 1.6 Bilateral 57.7 65.2 133.7 177.1 235.2 267.1 325.8 399.6 Private Creditors 339.5 451.5 695.7 904.3 1,421.8 2.083.2 2,138.2 2,856.4 Suppliers 256.9 347.4 449.7 504.8 700.1 1,089.1 891.0 962.5 Financial Markets 82.6 104.0 246.0 399.4 721.7 994.1 1,247.2 1,893.9 AVERAGE TERMS: PUBLIC DEBT NEW COMMITMENTS ALL CREDITORS Interest (%) 5.5 8.1 7.9 8.2 8.9 10.5 11.4 12.2 Maturity (years) 22.4 13.7 13.9 12.4 14.1 12.2 14.5 13.7 Grace Period (years) 5.9 4.2 3.9 4.2 3.9 3.3 4.0 4.3 Grant Element (%) 31.7 11.9 11.3 8.8 6.9 -1.9 -4.5 -7.9 OFFICIAL CREDITORS Interest (%) 4.5 6.0 7.1 7.9 7.4 7.6 7.5 8.4 Maturity (years) 28.8 18.8 21.7 18.3 19.6 16.8 19.6 15.3 Grace Period (years) 7.5 6.3 5.8 5.9 5.4 4.7 5.9 4.1 Grant Element (%) 42.8 26.4 20.0 13.0 16.7 14.3 15.8 9.0 PRIVATE CREDITORS Interest (%) 7.6 9.1 8.3 8.3 9.7 11.4 14.0 13.6 Maturity (years) 9.7 11.3 9.6 9.7 10.9 10.7 11.2 13.1 Grace Period (years) 2.9 3.2 2.9 3.5 3.1 2.8 2.7 4.4 Grant Element (%) 9.5 4.9 6.5 6.8 1.2 -7.1 -17.8 -14.1 MAJOR ECONOMIC AGGREGATES (U.S. $ MILLIONS) Gross Nat. Product (GNP) 10,254 18,312 27,423 35,168 47,350 60,066 56,503 63,368 Exports of G. & S. XGS) 2,226 5,353 9,465 13,060 17,124 19,522 22,587 27,577 Imports of G. & S. MGS) 2,764 7,602 10.118 13,272 18,652 24,118 28.360 32.550 Intl. Reserves (RES 530 298 1.985 2.991 2.826 3.110 3.101 2.802 PRINCIPAL RATIOS DOD/XGS % 129.8 81.4 72.0 65.8 66.3 71.4 72.1 72.4 lOD/GNP % 28.2 23.8 24.9 24.4 24.0 23.2 28.8 31.5 TDS/XGS % 18.3 10.3 9.6 9.2 10.7 13.2 12.2 13.0 TDS/GNP % 4.0 3.0 3.3 3.4 3.9 4.3 4.9 5.7 INT/XGS % 6.2 3.7 4.1 3.5 3.8 4.6 5.8 6.4 INT/GNP % 1.3 1.1 1.4 1.3 1.4 1.5 2.3 2.8 RES/DOD % 18.3 6.8 29.1 34.8 24.9 22.3 19.1 14.0 RES/MGS months) 2.3 0.5 2.4 2.7 1.8 1.5 1.3 1.0 MEMORANDA Proportion of Disbursed Debt Concessional Loans (%) 40.5 37.7 29.2 26.5 23.0 18.3 17.2 15.4 Var. Int. Rate Loans (%) 5.3 15.4 22.7 22.8 21.3 29.6 32.0 39.9 Use of IMF Credit(US$ mil) - 134.7 350.5 340.6 263.0 137.5 682.9 1,246.2 1982 1983 1984 1985 1986 1987 1988 1989 PROJECTED PUBLIC DEBT SERVICE TOTAL DEBT SERVICE 3,971.2 4,225.9 4,494.6 4,170.2 3,972.7 3,569.4 3,112.8 2,450.0 Principal 1,913.4 2,164.3 2,605.1 2,521.9 2,551.2 2,381.6 2,185.4 1,756.3 Interest 2,057.8 2,061.6 1,889.5 1,648.3 1,421.5 1,187.8 927.4 693.7 OFFICIAL CREDITORS 846.6 1,013.2 1,151.4 1,239.4 1,258.0 1,278.9 1,252.2 1,212.1 Principal 354.1 463.0 589.1 693.8 711.6 734.3 748.6 760.5 Interest 492.5 550.2 562.2 545.6 546.4 544.5 503.6 451.6 PRIVATE CREDITORS 3,124.6 3,212.7 3,343.2 2,930.8 2,714.7 2,290.5 1,860.5 1,237.9 Principal 1,559.3 1,701.2 2,016.0 1,828.1 1,839.6 1,64-7.3 1,436.7 995.8 Interest 1,565.3 1,511.4 1,327.2 1,102.7 875.1 643.3 423.8 242.1 124 KOREA, REPUBLIC OF (USs Mi7lions) 1972 1974 1976 1977 1978 1979 1980 1981 PRIVATE NON-GUARANTEED DEBT DEBT OUTS.DISB. ONLY 200.2 367.4 437.9 432.9 386.6 373.9 430.6 687.6 Official Sources 1.4 1.8 50.2 59.6 69.6 59.6 49.0 Private Sources 198.8 365.6 387.7 373.3 317.0 314.3 381.6 Foreign Parent Comp. - - - - - - - Financial institutions 71.9 149.2 166.6 150.6 130.5 147.5 232.1 Suppliers 126.9 216.4 221.1 222.7 186.5 166.8 149.5 DISBURSEMENTS 41.0 98.2 60.7 39.2 23.7 42.2 107.0 334.6 Official Sources 0.7 0.4 27.5 14.2 15.6 - - Private Sources 40.3 97.8 33.2 25.0 8.1 42.2 107.0 Foreign Parent Comp. - - - - - - - Financial Institutions 7.0 65.3 14.7 3.4 7.8 36.2 102.7 Suppliers 33.3 32.5 18.5 21.6 0.3 6.0 4.3 PRINCIPAL REPAYMENTS 12.0 14.8 41.4 44.6 70.4 55.0 50.6 77.5 Official Sources - 0.1 1.1 4.8 5.6 10.0 10.7 Private Sources 12.0 14.7 40.3 39.8 64.E 45.0 39.9 Foreign Parent Comp. - - - - - - - Financial Institutions 0.8 2.9 24.9 19.3 27.6 19.2 18.0 Suppliers 11.2 11.8 15.4 20.5 37.2 25.8 21.9 NET FLOWS 29.0 83.4 19.3 -5.4 -46.7 -12.8 56.4 257.1 Official Sources 0.7 0.3 26.4 9.4 10.0 -10.0 -10.7 Private Sources 28.3 83.1 -7.1 -14.8 -56.7 -2.8 67.1 Foreign Parent Comp. - - - - - - - Financial Institutions 6.2 62.4 -10.2 -15.9 -19.8 17.0 84.7 Suppliers 22.1 20.7 3.1 1.1 -36.9 -19.8 -17.6 INTEREST PAYMENTS 13.4 25.1 31.5 42.1 35.2 39.7 43.4 100.6 Official Sources 0.1 0.1 3.3 5.5 6.6 7.4 6.6 Private Sources 13.3 25.0 28.2 36.6 28.6 32.3 36.8 Foreign Parent Comp. - - - - - - - Financial Institutions 5.9 11.8 14.4 12.5 12.5 15.7 24.0 Suppliers 7.4 13.2 13.8 24.1 16.1 16.6 12,8 NET TRANSFERS 15.6 58.3 -12.2 -47.5 -81.9 -52.5 13.0 156.5 Official Sources 0.6 0.2 23.1 3.9 3.4 -17.4 -17.3 Private Sources 15.0 58.1 -35.3 -51.4 -85.3 -35.1 30.3 Foreign Parent Comp. - - - - - - - Financial Institutions 0.3 50.6 -24.6 -28.4 -32.3 1.3 60.7 Suppliers 14.7 7.5 -10.7 -23.0 -53.0 -36.4 -30.4 TOTAL DEBT SERVICE 25.4 39.9 72.9 86.7 105.6 94.7 94.0 178.1 Official Sources 0.1 0.2 4.4 10.3 12.2 17.4 17.3 Private Sources 25.3 39.7 68.5 76.4 93.4 77.3 76.7 Foreign Parent Comp. - - - - - - - Financial Institutions 6.7 14.7 39.3 31.8 40.1 34.9 42.0 Suppliers 18.6 25.0 29.2 44.6 53.3 42.4 34.7 1982 1983 1984 1985 1986 1987 1988 1989 PROJECTED NON-GUARANTEED DEB T SERVICE TOTAL DEBT SERVICE 227.2 223.6 193.6 161.2 137.6 .. Principal 120.7 135.6 124.9 110.4 103.6 . Interest 106.5 88.0 68.7 50.8 34.0 . .. 125 KOREA, REPUBLIC OF (US$ Millions) 1972 1974 1976 1977 1978 1979 1980 1S81 PUBLIC AND PRIVATE DEB'T DEBT OUTS.DISB. ONLY 3,088.4 4 724.6 7,253.3 9,026.4 11,747.3 14,304.7 16,704.5 20,652.0 DISBURSEMENTS 852.7 1,276.8 1,816.4 2,244.5 3,406.8 4,674.4 3,655.3 6,421.5 PRINCIPAL REPAYMENTS 281.0 368.2 558.6 790.2 1,238.0 1.742.3 1,502.5 1,897.9 NET FLOWS 571.8 908.6 1,257.8 1,454.3 2,168.8 2,932.1 2,152.8 4,523.6 INTEREST PAYMENTS 151.5 221.2 423.0 497.6 692.1 930.0 1,353.4 1,877.5 NET TRANSFERS 420.3 687.3 834.8 956.6 1,476.7 2,002.1 799.4 2,646.0 TOTAL DEBT SERVICE 432.5 589.4 981.6 1,287.8 1,930.1 2,672.3 2,855.9 3,775.5 1982 1983 1984 19S5 1986 1987 1988 1989 PROJECTED PUBLIC AND PRIVATE DEBT SERVICE TOTAL DEBT SERVICE 4,198.4 4,449.5 4,688.2 4,331.4 4,110.3 .. .. PRINCIPAL 2,034.1 2,299.9 2,730.0 2,632.3 2,654.8 .. . INTEREST 2,164.3 2,149.6 1,958.2 1,699.1 1,455.5 .. 128 MALAYSIA (US$ Mi7lions) 1972 1974 1976 1977 1978 1979 1980 .981 TOTAL DEBT OUTSTANDING DISBURSED ONLY TOTAL DEBT .. Public ' Publicly Guar. 681.6 866.6 1,605.4 1,998.5 2,488.5 2,846.8 3,103.3 4,627.3 Private Non-guaranteed .. .. .. .. .. .. PUBLIC / PUBLICLY GUARANTEED DEBT DEBT OUTS. INC. UNDISB. 1,020.0 2,280.9 3,142.9 3,471.6 4,113.3 4,185.4 4,859.E 6,280.1 Official Creditors 634.9 1,099.8 1,505.6 1,802.0 2,095.9 2,187.3 2,787.0 2.929.8 Multilateral 387.5 737.6 925.3 1.084.1 1,255.5 1,335.0 1,505.9 1.696.2 IBRD 304.6 5S7.2 681.5 763.7 897.1 940.2 1,021.2 1,112.0 IDA - - - - - - - - Bilateral 247.4 362.2 580.3 717.9 840.4 852.3 1,281.1 1,233.6 Private Creditors 385.1 1,181.0 1,637.3 1,669.6 2,017.4 1,999.1 2,072.5 3.350.3 Suppliers 22.0 16.7 33.9 35.3 26.1 76.1 85.6 122.6 Financial Markets 363.1 1,164.3 1,603.4 1,634.2 1,991.3 1,923.0 1,986.9 3,227.7 DEBT OUTS. DISB. (DOD) 681.8 866.6 1,605.4 1,998.5 2,488.5 2,846.8 3,103.3 4,627.3 Official Creditors 319.6 469.1 712.0 928.3 1,070.8 1,162.5 1,320.4 1,609.3 Multilateral 183.6 255.2 396.5 491.7 573.2 658.4 744.9 848.8 IBRD 173.8 226.3 305.5 335.3 383.4 448.3 504.4 577.2 IDA - - - - - - - - Bilateral 136.0 213.9 315.5 436.5 497.6 504.1 575.4 760.5 Private Credlitors 362.0 397.6 893.5 1,070.3 1,417.7 1,684.3 1,782.9 3,018.0 Suppliers 10.9 13.5 30.3 31.7 11.1 60.5 71.3 59.9 Financial Markets 351.1 384.1 863.2 1,038.5 1,406.7 1,623.8 1,711.6 2,958.1 COMMITMENTS 237.1 1,102.7 396.8 554.2 1,114.9 542.2 795.6 1,876.9 Official Creditors 119.5 352.6 179.8 260.8 261.0 243.0 582.4 361.3 Multilateral 71.2 250.4 103.5 181.3 196.7 114.4 225.1 252.1 1BRD 47.5 185.0 103.5 96.0 149.0 69.0 105.0 133.7 IDA - - - - - - - - Bilateral 48.3 102.2 76.3 79.5 64.2 128.6 357.3 109.2 Private Creditors 117.6 750.2 217.0 293.5 853.9 299.1 213.2 1,515.5 Suppliers 1.4 - - - 15.0 57.4 12.8 60.1 Financial Markets 116.2 750.2 217.0 293.5 838.9 241.8 200.3 1,455.4 DISBURSEMENTS 202.9 218.3 416.5 618.9 1,085.2 788.9 357.8 1,873.6 Official Creditors 75.7 127.6 145.3 193.6 145.1 199.3 174.1 431.5 Multilateral 34.4 57.9 92.5 113.5 104.7 109.9 118.5 148.3 IBRD 28.8 46.7 47.1 43.6 63.5 82.7 80.1 106.1 IDA - - - - - - - - Bilateral 41.3 69.7 52.7 80.1 40.4 89.4 55.7 283.2 Private Creditors 127.2 90.7 271.3 425.2 920.1 589.6 183.7 1,442.1 Suppliers 3.2 5.0 0.4 - 3.6 57.4 i4.0 9.0 Financial Markets 124.0 85.7 270.8 425.2 916.5 532.2 169.7 1,433.2 PRINCIPAL REPAYMENTS 21.0 63.6 143.8 314.3 697.8 371.9 118.3 137.7 Official Creditors 13.9 18.4 23.5 28.1 69.7 57.8 67.4 88.4 Multilateral 7.0 8.4 14.7 18.3 23.2 24.7 31.9 44.5 IBRD 7.0 7.8 12.5 13.8 15.4 17.9 24.0 33.2 IDA - - - - - - - - Bilateral 6.9 10.0 8.8 9.8 46.4 33.2 35.5 44.0 Private Creditors 7.1 45.2 120.3 286.2 628.1 314.1 50.9 49.2 Suppliers 1.8 2.7 2.1 3.5 27.7 3.2 11.3 14.0 Financial Markets 5.3 42.5 118.2 282.7 600.4 310.9 39.6 35.3 NET FLOWS 181.9 154.8 272.7 304.6 367.4 417.0 239.6 1,735.9 Official Creditors 61.8 109.2 121.7 165.5 75.4 141.5 106.7 343.0 Multilateral 27.4 49.5 77.9 95.3 81.4 85.2 86.6 103.9 IBRD 21.8 38.9 34.6 29.8 48.1 64.8 56.1 72.9 TDA - - - - - - - - Bilateral 34.4 59.7 43.9 70.3 -6.0 56.3 20.2 239.2 Private Creditors 120.1 45.5 151.0 139.1 292.0 275.5 132.8 1,392.9 Suppliers 1.4 2.3 -1.7 -3.5 -24.2 54.2 2.7 -5.0 Financial Markets 118.7 43.2 152.7 142.6 316.1 221.4 130.1 1,397.9 INTEREST PAYMENTS(INT) 30.2 54.4 119.8 126.4 144.5 176.9 207.6 264.0 Official Creditors 15.4 24.1 41.5 49.5 70.4 80.4 84.9 90.8 Multilateral 11.3 17.2 27.1 33.7 46.5 56.2 60.0 63.9 I8RD 10.7 15.6 22.7 25.8 32.1 39.1 39.3 43.4 IDA - - - - - - - - Bilateral 4.1 6.9 14.3 15.8 23.8 24.3 24.9 26.9 Private Creditors 14.8 30.3 78.3 76.9 74.1 96.5 122.7 173.2 Suppliers 0.5 0.6 0.5 2.2 3.0 1.8 6.5 5.5 Financial Markets 14.3 29.7 77.8 74.7 71.1 94.7 116.2 167.7 127 MALAYSIA (US$ Mil7ions) 1972 1974 1976 1977 1978 1979 1980 1981 NET TRANSFERS 151.7 100.4 152.9 178.2 222.9 240.1 32.0 1,472.0 Official Creditors 46.4 85.1 80.3 116.0 5.1 61.0 21.8 252.2 Multilateral 16.1 32.4 50.7 61.5 34.9 29.0 26.6 39.9 IBRD 11.1 23.3 12.0 4.0 16.0 25.8 16.8 29.4 IDA - - - - - - - Bilateral 30.3 52.8 29.6 54.5 -29.8 32.0 -4.7 212.3 Private Creditors 105.3 15.3 72.6 62.2 217.9 179.0 10.1 1,219.7 Suppliers 0.9 1.7 -2.2 -5.6 -27.2 52.3 -3.8 -10.5 Financial Markets 104.4 13.5 74.8 67.8 245.1 126.7 13.9 1,230.2 TOTAL DEBT SERVICE(TDS) 51.2 117.9 283.6 440.7 842.3 548.8 325.8 401.7 Official Creditors 29.3 42.5 65.0 77.6 140.0 138.3 152.3 179.3 Multilateral 18.3 25.6 41.8 52.0 69.8 80.9 91.9 108.4 IBRD 17.7 23.4 35.1 39.7 47.5 56.9 63.3 76.6 IDA - - - - - - - - Bilateral 11.0 16.9 23.2 25.6 70.3 57.4 60.4 70.9 Private Creditors 21.9 75.5 198.6 363.0 702.2 410.6 173.6 222.4 Suppliers 2.3 3.3 2.6 5.6 30.8 5.0 17.8 19.5 Financial Markets 19.6 72.2 196.0 357.4 671.5 405.5 155.7 202.9 AVERAGE TERMS: PUBLIC DEBT NEW COMMITMENTS ALL CREDITORS Interest (%) 7.1 8.1 7.6 7.4 8.1 7.3 8.6 14.9 Maturity years) 13.1 16.3 12.4 12.8 11.0 14.1 17.5 12.3 Grace Period (years) 3.8 5.1 3.3 3.9 4.3 5.0 5.4 4.8 Grant Element (%) 13.7 11.7 11.7 12.8 9.5 16.4 10.0 -25.9 OFFICIAL CREDITORS Interest (%) 6.7 6.7 7.0 7.3 6.9 5.6 6.4 7.8 Maturity (years) 18.2 21.7 18.8 18.7 17.7 19.8 19.5 19.6 Grace Period (years) 4.6 6.2 5.0 4.8 4.9 6.4 5.3 5.4 Grant Element (%) 18.6 21.7 18.8 16.8 19.1 29.7 23.7 14.3 PRIVATE CREDITORS Interest (%) 7.5 8.8 8.1 7.5 8.5 8.7 14.4 16.6 Maturity (years) 7.8 13.7 7.0 7.5 8.9 9.5 11.9 10.6 Grace Period (years) 3.0 4.6 1.9 3.1 4.1 4.0 5.7 4.7 Grant Element (%) 8.7 7.1 5.8 9.1 6.6 5.7 -27.5 -35.5 MAJOR ECONOMIC AGGREGATES (U.S. $ MILLIONS) Gross Nat. Product (GNP) 4.909 9,082 10,619 12,623 14,983 19,780 22,939 23,611 Exports of G. & S. (XGS 1,876 4,734 5,866 6.842 8,386 12,419 14,539 12.835 Imports of G. 6 S. (MGS 2.068 5.233 5.246 6,373 8.233 11,366 14,792 15,597 Intl. Reserves (RES) 1,015 1,857 2,628 3,071 3.670 5,006 5,755 5.024 PRINCIPAL RATIOS DOD/XGS %) 36.3 18.3 27.4 29.2 29.7 22.9 21.3 36.1 DOD/GNP % t3.9 9.5 15.1 15.8 16.6 14.4 13.5 19.6 TDS/XGS % 2.7 2.5 4.5 6.4 10.0 4.4 2.2 3.1 TDS/GNP (%i 1.0 1.3 2.5 3.5 5.6 2.8 1.4 1.7 INT/XGS % 1.6 1.1 2.0 1.8 1.7 1.4 1.4 2.1 INT/GNP % 0.6 0.6 1.1 1.0 1.0 0.9 0.9 1.1 RES/DOD 1%) 48.9 214.2 163.7 153.7 147.5 175.8 185.4 108.6 RES/MGS months) 5.9 4.3 6.0 5.8 5.3 5.3 4.7 3.9 MEMORANDA Proportion of Disbursed Debt Concessional Loans (%) 15.1 19.0 15.3 16.2 15.7 13.7 15.6 12.4 Var. Int. Rate Loans (%) 18.1 16.7 39.1 38.1 37.0 28.0 25.4 43.6 Use of IMF Credit(US$ mil) - - 108.0 - - - - 220.9 1982 1983 1984 1985 1986 1987 1988 1989 PROJECTED PUBLIC DEBT SERVICE TOTAL DEBT SERVICE 829.5 884.6 908.3 915.3 1,018.7 982.3 936.0 868.9 Principal 332.0 375.8 416.5 447.2 588.0 610.7 629.9 625.4 Interest 497.5 508.8 491.8 468.1 430.7 371.6 306.1 243.5 OFFICIAL CREDITORS 202.3 235.2 277.5 303.9 320.7 324.9 322.5 314.1 Principal 91.6 111.6 142.3 163.7 181.7 191.6 197.4 199.3 Interest 110.6 123.5 135.2 140.2 139.1 133.3 125.1 114.8 PRIVATE CREDITORS 627.2 649.5 630.9 611.4 698.0 657.4 613.5 554.8 Principal 240.4 264.2 274.3 283.5 406.3 419.1 432.5 426.1 Interest 386.9 385.3 356.6 327.9 291.7 238.2 181.1 128.7 128 PAPUA NEW GUINEA (US$ Millions) 1972 1974 1976 1977 1978 197S 18so 1981 TOTAL DEBT OUTSTANDING DISBURSED ONLY TOTAL DEBT .. Public / Publicly Guar 130.4 244.3 286.0 341.5 378.8 404.2 510.3 612.8 Private Non-guaranteed .. .. .. .. .. .. PUBLIC / PUBLICLY GUARANTEED DEBT DEBT OUTS. INC. UNDISB. 190.6 292.4 341.9 420.7 498.2 519.4 649.1 757.0 Official Creditors 111.5 132.8 158.7 200.6 265.4 274.3 351.9 380.4 Multilateral 79.9 96.2 123.9 166.4 223.2 221.5 293.5 331.6 IBRD 44.7 55.0 65.7 64.3 66.3 64.7 79.6 82.9 IDA 20.9 26.9 30.9 49.9 69.9 69.8 82.7 107.8 Bilateral 31.7 36.7 34.8 34.1 42.2 52.8 58.4 48.8 Private Creditors 79.1 159.6 183.2 220.1 232.8 245.0 297.2 376.6 Suppliers - - 3.2 3.3 3.6 2.1 1.7 1.1 Financial Markets 79.1 159.6 180.0 216.8 229.2 242.9 295.5 375.5 DEBT OUTS. DISB. (DOD) 130.4 244.3 286.0 341.5 378.8 404.2 510.3 612.8 Official Creditors 51.4 84.7 102.8 121.4 146.0 159.2 213.1 236.1 Multilateral 19.7 48.1 77.2 90.9 114.2 130.4 177.0 204.1 IBRD 10.5 30.5 48.3 50.9 50.9 54.7 54.5 53.4 IDA 9.2 15.9 23.0 30.7 36.2 42.6 55.1 64.8 Bilateral 31.7 36.7 25.6 30.5 31.8 28.8 36.0 32.0 Private Creditors 79.1 159.6 183.2 220.1 232.8 245.0 297.2 376.6 Suppliers - - 3.2 3.3 3.6 2.1 1.7 1.1 Financial Markets 79.1 159.6 180.0 216.8 229.2 242.9 295.5 375.5 COMMITMENTS 43.9 37.3 53.9 69.4 67.5 49.9 157.3 148.5 Official Creditors 34.2 11.9 39.3 44.4 67.5 14.9 82.3 46.5 Multilateral 29.0 10.8 29.5 44.4 57.7 - 76.8 46.5 IBRD 10.0 10.8 12.0 - 3.5 - 17.0 6.0 IDA 9.2 - 4.0 19.0 20.0 - 13.0 25.6 Bilateral 5.2 1.1 9.8 - 9.8 14.9 5.5 - Private Creditors 9.7 25.4 14.7 25.0 - 35.0 75.0 100.0 Suppliers - - 3.2 - - - - Financial Markets 9.7 25.4 11.5 25.0 - 35.0 75.0 100.0 DISBURSEMENTS 33.9 41.8 31.9 46.7 28.8 53.4 134.9 137.9 Official Creditors 24.1 17.6 11.8 21.7 28.8 18.4 59.9 37.9 Multilateral 11.8 16.5 11.8 15.6 25.2 18.4 50.7 34.2 IBRD 7.5 11.8 5.9 4.0 1.4 5.5 1.9 1.5 IDA 4.3 4.4 1.9 7.7 5.5 6.5 12.6 9.9 Bilateral 12.3 1.1 - 6.1 3.6 - 9.1 3.5 Private Creditors 9.7 24.2 20.2 25.0 - 35.0 75.0 100.0 Suppliers - - 3.2 - - - - - Financial Markets 9.7 24.2 17.0 25.0 - 35.0 75.0 100.0 PRINCIPAL REPAYMENTS 0.1 5.4 7.5 8.2 8.1 22.3 31.6 19.6 Official Creditors - 2.6 3.8 4.9 5.4 5.6 6.4 7.2 Multilateral - 0.3 1.2 1.9 2.2 2.4 3.0 3.6 IBRD - 0.3 0.9 1.4 1.5 1.6 2.1 2.7 IDA - - - - - 0.0 0.1 0.1 Bilateral - 2.3 2.6 3.0 3.2 3.2 3.4 3.7 Private Creditors 0.1 2.7 3.7 3.3 2.6 16.7 25.2 12.4 Suppliers - - - 0.0 - 1.3 0.5 0.6 Financial Markets 0.1 2.7 3.7 3.3 2.6 15.5 24.7 11.8 NET FLOWS 33.8 36.4 24.4 38.5 20.7 31.1 103.3 118.2 Official Crecitors 24.1 15.0 7.9 16.8 23.4 12.8 53.4 30.6 Multilateral 11.8 16.2 10.6 13.7 23.0 16.0 47.8 30.7 IBRD 7.5 11.4 5.0 2.6 -0.1 3.8 -0.2 -1.1 IDA 4.3 4.4 1.9 7.7 5.5 6.4 12.5 9.8 Bilateral 12.3 -1.2 -2.6 3.1 0.4 -3.2 5.7 0.0 Private Creditors 9.6 21.5 16.4 21.7 -2.6 18.3 49.8 87.6 Suppliers - - 3.2 0.0 - -1.3 -0.5 -0.6 Financial Markets 9.6 21.5 13.3 21.7 -2.6 19.5 50.3 88.2 INTEREST PAYMENTS(INT) 5.0 12.9 18.8 18.9 22.6 26.7 29.7 45.8 Official Creditors 0.7 2.0 5.0 5.1 5.7 6.6 7.2 7.9 Multilateral 0.7 1.9 3.4 3.6 4.5 5.2 5.7 6.2 IBRD 0.6 1.8 3.2 3.2 4.1 4.2 4.2 4.0 IDA 0.1 0.1 0.2 0.2 0.2 0.3 0.3 0.4 Bilateral - 0.1 1.7 1.5 1.2 1.4 1.5 1.8 Private Creditors 4.4 10.9 13.7 13.8 16.9 20.1 22.5 37.7 Supoliers - - - 0.0 - - 0.1 0.1 Financial Markets 4.4 10.9 13.7 13.8 16.9 20.1 22.4 37.6 129 PAPUA NEW GUINEA (USS MH?ior.s) 1972 1974 1976 1977 1978 1979 1980 1981 NET TRANSFERS 28.7 23.5 5.6 19.6 -1.8 4.4 73.6 72.6 Official Creditors 23.5 13.0 2.9 11.7 17.7 6.2 46.2 22.7 Multilateral 11.2 14.3 7.2 10.1 18.4 10.8 42.1 24.5 IBRD 6.9 9.7 1.9 -O.c -4.1 -0.4 -4.4 -5.1 IDA 4.2 4.3 1.7 7.5 5.2 6.1 12.1 9.3 Bilateral 12.3 -1.3 -4.3 1.6 -0.8 -4.6 4.2 -i.8 Private Creditors 5.2 10.6 2.7 7.9 -19.5 -1.8 27.3 49.9 Suppliers - - 3.2 0.0 - -1.3 -0.6 -0.7 Financial Markets 5.2 10.6 -0.5 8.0 -i9.5 -0.6 27.9 50.5 TOTAL DEBT SERVICE(TDS) 5.2 18.3 26.3 27.1 30.6 49.0 61.3 65.3 Official Creditors 0.7 4.6 8.9 10.0 11.1 12.2 13.6 15.2 Multilateral 0.7 2.2 4.6 5.5 6.7 7.6 8.7 9.7 IBRD 0.6 2.1 4.0 4.6 5.6 5.8 6.3 6.7 IDA 0.1 0.1 0.2 0-2 0.2 0.3 0.4 0.6 Bilateral - 2.4 4.3 4.5 4.4 4.6 5.0 5.4 Private Creditors 4.5 13.7 17.5 17.1 19.5 36.8 47.7 50.1 Suppliers - - - 0.0 - 1.3 0.6 0.7 Financial Markets 4.5 13.7 17.5 17.0 19.5 35.6 47.1 49.5 AVERAGE TERMS: PUBLIC DEBT NEW COMMITMENTS ALL CREDITORS Interest (%) 4.3 7.6 6.3 5.7 2.5 9.3 10.5 13.8 Maturity (years) 31.5 17.7 23.2 26.8 29.7 14.8 18.3 18.5 Grace Period (years) 6.1 3.4 6.6 6.1 7.8 5.2 5.6 6.9 Grant Element (%) 42.9 13.3 28.3 35.2 56.9 10.6 6.5 -14.3 OFFICIAL CREDITORS Interest (%) 3.5 7.2 5.6 3.8 2.5 3.0 4.1 2.2 Maturity (years) 28.4 19.5 29.5 37.9 29.7 29.9 27.7 36.6 Grace Period (years) 5.9 5.4 8.2 8.1 7.8 10.4 7.0 8.9 Grant Element (%) 48.1 17.6 37.2 53.5 56.9 57.5 43.6 65.3 PRIVATE CREDITORS Interest (%) 7.1 7.9 8.4 9.1 - 12.0 17.5 19.2 Maturity years) 42.4 16.9 6.4 7.0 - 8.4 8.0 10.0 Grace Period (years) 6.6 2.5 2.5 2.5 - 2.9 4.0 6.0 Grant Element (%) 24.7 11.2 4.6 2.6 - -9.4 -34.2 -51.3 MAJOR ECONOMIC AGGREGATES (U.S. $ MILLIONS) Gross Nat. Product GNP 812 1,365 1,462 1.608 1,922 2.213 2,489 2,361 Exports of G. & S. XGS .. .. 652 767 826 1,101 1,088 973 Imports of G. & S. MGS .. 685 824 1,007 1,179 1,562 1.570 Intl. Reserves (RES ..32 257 431 415 531 458 478 PRINCIPAL RATIOS DOD/XGS %l . . . 43.8 44.5 45.8 36.7 46.9 63.0 DOD/GNP %> 16.1 17.9 19.6 21.2 19.7 18.3 20.5 26.0 TDS/XGS %) .. .. 4.0 3.5 3.7 4.5 5.6 6.7 TDS/GNP %) 0.6 1.3 1.8 1.7 1.6 2.2 2.5 2.8 INT/XGS %) .. .. 2.9 2.5 2.7 2.4 2.7 4.7 INT/GNP %) 0.6 0.9 1.3 1.2 1.2 1.2 1.2 1.9 RES/DOD %) .. 13.3 89.9 126.3 109.5 131.3 89.7 78.1 RES/MGS months) .. .. 4.5 6.3 4.9 5.4 3.5 3.7 MEMORANDA Proportion of Disbursed Debt Concessional Loans (%) 10.0 10.0 11.9 13.0 17.1 18.1 22.1 22.5 Var. Int. Rate Loans (% - - 4.0 10.7 9.5 16.9 26.0 36.7 Use of IMF Credit(US$ mil - - 28.8 30.1 19.3 12.9 6.1 52.4 1982 1983 1984 1985 1986 1987 1988 1989 PROJECTED PUBLIC DEBT SERVICE TOTAL DEBT SERVICE 96.2 93.8 89.1 107.6 93.1 91.8 97.3 62.9 Principal 40.5 41.2 39.4 61.8 53.0 56.4 68.7 41.3 Interest 55.6 52.6 49.6 45.8 40.1 35.4 28.6 21.7 OFFICIAL CREDITORS 17.9 19.9 21.7 21.3 25.1 27.0 26.7 24.4 Principal 8.4 10.0 11.3 10.5 14.3 16.3 16.6 14.8 Interest 9.5 9.9 10.4 10.7 10.8 10.6 10.1 9.5 PRIVATE CREDITORS 78.3 73.8 67.3 86.3 68.0 64.8 70.5 38.6 Principal 32.2 31.2 28.1 51.3 38.8 40.1 52.1 26.5 Interest 46.1 42.7 39.2 35.1 29.2 24.8 18.4 12.1 130 PHILIPPINES (LiSs M;ilions) 1972 1974 1976 1977 1978 1979 1980 1981 TOTAL DEBT OUTSTANDING DISBURSED ONLY TCTAL DEBT 1,868.2 2,311.4 3,934.2 5,102.9 6,297.5 7,204.4 8,415.0 10,148.3 Public / Publicly Guar. 885.0 1,098.3 2,121.9 2,938.1 4,206.9 5,133.i 6.405.5 7,387.6 Private Non-guaranteed 983.2 1.213.1 1,812.3 2.164.8 2,090.6 2,071.3 2,009.5 2,760.7 PUBLIC / PUBLICLY GUARANTEED DEBT DEBT OUTS. INC. UNDISB. 1,328.9 2,062.7 4,018.4 5,429.8 7,795.9 8,778.0 10,491.8 11,933.5 Official Creditors 976.0 1,517.5 2,420.2 3,172.2 4,361.5 4,798.4 5,782.1 6,706.0 Multilateral 339.4 776.6 1,256.9 1,782.8 2,511.3 3.002.2 3,818.9 4,352.8 IBRD 224.4 503.9 817.4 1,120.8 1,633.2 1,818.7 2,480.2 2,736.9 IDA 10.0 32.2 32.2 32.2 60.2 122.2 122.2 122.2 Bilateral 636.6 740.9 1,163.3 1,389.4 1,850.2 1,796.1 1,963.2 2,353.2 Private Creditors 352.9 545.2 1,598.2 2,257.6 3,434.4 3,979.7 4,709.7 5,227.5 Suppliers 47.1 90.2 173.9 383.9 553.6 459.3 531.1 456.5 Financial Markets 305.8 455.0 1,424.3 1,873.8 2,880.8 3,520.4 4,178.6 4,771.0 DEBT OUTS. DISB. (DOD) 885.0 1,098.3 2,121.9 2,938.1 4,206.9 5,133.1 6,405.5 7,387.6 Official Creditors 551.9 736.8 1,110.5 1,432.7 1,903.5 2,286.0 2,730.4 3,354.5 Multilateral 150.2 214.4 471.6 608.8 853.0 1,181.0 1,502.5 2,006.8 IBRD 142.0 164.1 315.7 403.3 545.9 731.2 926.7 1,329.7 IDA 0.1 8.3 26.9 28.8 29.7 32.2 33.9 41.0 Bilateral 401.8 522.5 639.0 823.9 1,050.5 1,105.0 1,227.9 1,347.6 Private Creditors 333.1 361.5 1,011.4 1,505.4 2,303.3 2,847.1 3,675.2 4,033.1 Suppliers 43.9 32.3 63.1 93.5 272.1 249.7 287.0 301.0 Financial Markets 289.1 329.2 948.3 1,411.9 2,031.3 2,597.4 3,388.2 3,732.1 COMMITMENTS 464.9 838.1 1,577.6 1,401.3 2,467.6 2,028.9 1,862.7 2,104.3 Official Creditors 401.1 501.0 681.8 738.9 1,139.1 760.9 1,025.4 1,184.3 Multilateral 82.8 310.1 290.2 544.1 754.7 529.1 869.4 604.2 IBRD 29.5 217.5 226.0 317.5 533.0 210.5 695.0 295.0 IDA 10.0 9.5 - - 28.0 62.0 - - Bilateral 318.4 190.9 391.6 194.8 384.4 231.8 155.9 580.1 Private Creditors 63.8 337.1 895.8 662.3 1,328.5 1,268.0 837.3 920.1 Suppliers 2.0 75.6 52.0 194.2 76.7 67.5 68.2 5.0 Financial Markets 61.8 261.5 843.8 468.1 1.251.8 1,200.5 769.1 915.1 DISBURSEMENTS 269.7 325.2 874.2 883.5 1,425.3 1,666.5 1,394.1 1,529.0 Official Creditors 218.9 152.6 299.4 351.2 447.9 627.7 487.4 830.7 Multilateral 21.8 60.8 149.3 155.4 270.4 362.9 372.3 574.5 IBRD 17.6 26.6 92.2 101.8 163.0 210.3 228.7 441.2 IDA 0.1 7.4 10.2 2.0 0.9 2.5 1.7 7.1 Bilateral 197.1 91.8 150.1 195.9 177.6 264.8 115.1 256.2 Private Creditors 50.8 172.7 574.9 532.2 977.3 1,038.8 906.6 698.3 Suppliers - 18.9 1.9 44.5 110.0 118.9 53.3 82.3 Financial Markets 50.8 153.8 573.0 487.8 867.3 919.9 853.3 616.0 PRINCIPAL REPAYMENTS 97.2 140.2 141.4 183.6 474.2 503.8 217.7 367.2 Official Creditors 51.1 61.5 78.7 95.9 110.0 156.6 112.4 139.9 Multilateral 8.6 12.0 16.6 18.9 30.0 36.6 45.2 53.3 IBRD 8.3 11.5 14.3 14.2 20.4 25.0 33.3 38.1 IDA - - - - - - - - Bilateral 42.6 49.5 62.1 77.0 80.1 120.0 67.3 86.6 Private Creditors 46.0 78.7 62.6 87.7 364.2 347.2 105.3 227.4 Suppliers 9.2 9.6 9.6 34.8 32.7 116.1 37.8 54.3 Financial Markets 36.8 69.1 53.1 52.9 331.5 231.1 67.4 173.1 NET FLOWS 172.5 185.0 732.9 699.8 951.0 1,162.7 1,176.4 1,161.7 Official Creditors 167.8 91.1 220.6 255.3 337.9 471.1 375.0 G90.8 Multilateral 13.3 48.8 132.7 136.4 240.4 326.3 327.2 521.2 IBRD 9.2 15.1 77.9 87.6 142.6 185.4 195-5 403.0 IDA 0.1 7.4 10.2 2.0 0.9 2.5 1.7 7.1 Bilateral 154.5 42.2 87.9 118.9 97.5 144.8 47.8 169.6 Private Creditors 4.7 94.0 512.2 444.5 613.1 691.6 801.4 470.9 Suppliers -9.2 9.3 -7.7 9.6 77.3 2.8 15.5 28.0 Financial Markets 13.9 84.7 519.9 434.9 535.8 688.8 785.9 443.0 INTEREST PAYMENTS(INT) 52.0 42.9 97.9 132.1 170.5 302.9 364.1 507.3 Official Creditors 34.3 26.2 51.4 63.6 86.2 145.7 137.0 164.2 Multilateral 6.3 14.1 26.3 40.9 59.3 83.2 100.5 120.4 IBRD 5.8 12.1 20.3 29.2 42.7 61.1 72.6 88.3 IDA - 0.0 0.1 0.2 0.2 0.2 0.2 0.3 Bilateral 28.1 12.0 23.0 22.8 27.0 62.5 36.5 43.8 Private Creditors 17.7 16.8 46.5 68.5 84.2 157.2 227.1 343.1 Suppliers 1.0 1.7 2.5 3.6 8.3 24.1 15.7 15.7 Financial Markets 16.7 15.0 43.9 64.9 76.0 133.2 211.4 327.3 131 PHILIPPINES (USS Mi! 1ions) 1972 1974 1976 1977 1978 1979 1980 1981 NET TRANSFERS 120.5 142.1 635.0 567.7 780.5 859.8 812.3 654.5 Official Creditors 133.4 64.9 169.3 191.7 251.7 325.4 238.0 526.6 Multilateral 7.0 34.7 104.4 95.5 181.i 243.1 226.7 400.8 IBRD 3.5 3.0 57.5 58.4 93.9 124.3 122.9 314.8 IDA 0.1 7.4 10.0 1.8 0.6 2.3 1.4 6.8 Bilateral 126.4 3C.2 64.9 96.2 70.5 82.3 11.3 125.8 Private Creditors -12.9 77.2 465.7 376.0 528.9 534.4 574.2 127.9 Suppliers -10.2 7.5 -10.3 6.1 69.0 -21.2 -0.2 12.2 Financial Markets -2.7 69.7 476.0 370.0 459.9 555.6 574.4 115.6 TOTAL DEBT SERVICE(TDS) 149.2 183.2 239.2 315.8 644.7 806.7 581.8 874.5 Official Creditors 85.5 87.7 130.1 159.6 196.2 302.3 249.4 304.1 Multilateral 14.8 26.1 44.9 59.8 89.2 119.8 145.6 173.6 IBRD 14.1 23.6 34.6 43.4 63.2 86.1 105.9 126.4 IDA - 0.0 0.1 0.2 0.2 0.2 0.2 0.3 Bilateral 70.7 61.6 85.2 99.7 107.0 182.5 103.8 130.4 Private Creditors 63.7 95.5 109.1 156.2 448.5 504.4 332.4 570.4 Suppliers 10.2 11.4 12.1 38.4 41.0 140.2 53.5 70.0 Financial Markets 53.5 84.1 97.0 117.8 407.5 364.2 278.9 500.4 AVERAGE TERMS: PUBLIC DEBT NEW COMMITMENTS ALL CREDITORS Interest (%) 5.6 7.3 8.2 7.9 7.4 8.6 10.5 11.' Maturity tyears) 16.6 18.2 15.1 13.9 16.0 15.7 15.7 16.1 Grace Per4od (years) 4.9 5.5 7.7 4.0 4.9 5.1 4.9 4.8 Grant Element (%) 27.1 17.8 9.9 10.5 16.4 9.5 -0.7 -3.1 OFFICIAL CREDITORS Interest (%) 5.2 5.7 7.7 7.5 5.5 5.5 7.4 7.7 Maturity (years) 18.2 23.2 20.7 18.4 22.7 23.4 20.2 20.9 Grace Period (years) 5.3 5.6 9.5 4.4 6.5 6.2 5.5 5.6 Grant Element (%) 30.2 30.2 15.9 13.7 31.3 31.1 16.7 15.9 PRIVATE CREDITORS Interest (%) .7.7 9.7 8.6 8.3 9.1 10.5 14.3 15.5 Maturity years) 6.5 10.8 10.9 9.0 10.2 11.1 10.1 10.0 Grace Period (years) 2.9 5.3 6.4 3.7 3.6 4.4 4.2 3.7 Grant Element (%) 7.6 -0.7 5.3 6.9 3.7 -3.4 -21.9 -27.6 MAJOR ECONOMIC AGGREGATES (U.S. $ MILLIONS) Gross Nat. Product GNP) 8.323 14,724 17,838 20,814 24,174 29,583 35,184 39,692 Exports of G. & S. XGS 1.480 3,527 3,391 4,165 4,844 6,367 8.075 8,515 Imports of G. & S. MGS 1,662 4,012 4.760 5.247 6.318 8,096 10.347 11,059 Intl. Reserves (RES) 601 1,656 1,739 1,653 2,105 3,121 3,978 2,858 PRINCIPAL RATIOS DDD/xGS % 59.8 31.1 62.6 70.6 86.8 80.6 79.3 86.8 DOD/GNP % 10.6 7.5 11.9 14.1 17.4 17.4 18.2 18.6 TDS/XGS % 10.1 5.2 7.1 7.6 13.3 12.7 7.2 10.3 TDS/GNP % 1.8 1.2 1.3 1.5 2.7 2.7 1.7 2.2 INT/XGS % 3.5 1.2 2.9 3.2 3.5 4.8 4.5 6.0 INT/GNP % 0.6 0.3 0.5 0.6 0.7 1.0 1.0 1.3 RES/DOD % 67.9 150.8 82.0 56.3 50.0 60.8 62.1 38.7 RES/MGS months) 4.3 5.0 4.4 3.8 4.0 4.6 4.6 3.1 MEMORANDA Proportion of Disbursed Debt Ccncessional Loans (%) 26.0 39.0 24.2 22.1 20.1 17.9 17.4 16.6 Var. Int. Rate Loans (% 6.2 17.5 20.6 22.0 21.7 25.4 29.8 31.0 Use of IMF Credit(US$ mil 103.4 83.0 405.0 508.3 574.9 667.6 852.9 958.0 1982 1983 1984 1985 1986 1987 1988 1989 PROJECTED PUBLIC DEBT SERVICE TOTAL DEBT SERVICE 1,219.8 1,417.4 1,587.7 1,731.5 1,840.8 1,677.8 1,542.8 1,251.9 Principal 491.4 616.3 776.2 959.1 1,135.1 1,071.1 1,032.1 835.8 Interest 728.5 801.1 811.5 772.4 705.6 606.8 510.7 416.1 OFFICIAL CREDITORS 409.2 479.4 552.6 637.6 701.0 712.1 691.2 660.8 Principal 177.2 212.8 253.0 315.6 371.7 387.5 379.6 366.7 Interest 232.1 266.6 299.7 322.0 329.3 324.6 311.5 294.0 PRIVATE CREDITORS 810.6 938.0 1,035.1 1,093.9 1,139.8 965.8 851.6 591.1 Principal 314.2 403.5 523.2 643.4 763.4 683.5 652.4 469.1 Interest 496.4 534.6 511.8 450.5 376.4 282.2 199.2 122.1 132 PHILIPPINES (US$ MilIliions) 1972 1974 1976 1977 1978 1979 1980 1981 PRIVATE NON-GUARANTEED DEBT DEBT OUTS.DISB. ONLY 983.2 1,213.1 1,812.3 2,164.8 2,090.6 2,071.3 2,009.5 2,760.7 Official Sources .. .. . . .. .. . Private Sources .. . . .. .. Foreign Parent Comp. Financial Institutions Suppliers . . DISBURSEMENTS 180.2 350.2 538.3 476.3 489.0 467.5 492.5 607.5 Official Sources Private Sources Foreign Parent Comp. . .. . .. .. Financial Institutions .. . .. .. .. .. . Suppliers .. .. .. .. .. .. PRINCIPAL REPAYMENTS 154.5 178.1 189.8 188.2 501.2 48e.9 227.3 387.3 Official Sources . . .. .. .. . Private Sources Foreign Parent Comp. Financial Institutions .. .. .. .. .. Suppliers .. .. .. . .. . NET FLOWS 25.7 172.1 348.5 288.1 -12.2 -19.4 265.2 220.2 Official Sources Private Sources Foreign Parent Comp. .. .. . .. .. .. Financial Institutions .. .. .. .. .. Suppliers INTEREST PAYMENTS 45.6 62.3 64.4 87.4 138.5 186.0 204.0 298.5 Official Sources .. .. .. . .. Private Sources Foreign Parent Comp. Financial Institutions Suppliers .. .. .. . . .. . NET TRANSFERS -19.9 109.8 284.1 200.7 -150.7 -205.4 61.2 -78.3 Official Sources .. .. .. .. .. .. . Private Sources .. .. .. .. .. .. Foreign Parent Comp. .. .. .. .. .. .. . Financial Institutions .. .. .. .. .. . Suppliers .. .. .. .. .. . . TOTAL DEBT SERVICE 200.1 240.4 254.2 275.6 839.7 672.9 431.3 685.8 Official Sources .. .. .. .. .. .. .. Private Sources .. .. .. . .. .. .. Foreigr Parent Comp. . .. .. .. .. .. .. Financial Institutions .. .. .. .. .. .. Suppliers . .. .. .. .. .. .. 1982 1983 1984 1985 1986 1987 1988 1989 PROJECTED NON-GUARANTEED DEBT SERVICE TOTAL DEBT SERVICE .. .. .. .. .. .. .. Principal .. .. .. .. .. .. .. 133 PHILIPPINES 'US$ Mi 11 ions.) 1972 1974 1976 1977 1978 1979 1980 1981 PUBLIC AND PRIVATE DEBT DEBT OUTS.DISB. ONLY 1,86S.2 2,311.4 3,934.2 5,102.9 6,297.5 7,204.4 8,415.0 10,148.3 DISBURSEMENTS 449.9 675.4 1,412.5 1,359.8 1,914.3 2,134.0 1,886.6 2,13E.5 PRINCIPAL REPAYMENTS 251.7 318.3 331.2 371.8 975.4 990.7 445.0 754.5 NET FLOWS 198.2 357.1 1,081.4 987.9 938.8 1,143.3 1,441.6 1,381.9 INTEREST PAYMENTS 97.6 105.2 162.3 219.5 309.0 488.9 568.1 805.8 NET TRANSFERS 100.6 251.9 919.1 768.4 629.8 654.4 873.5 578.2 TOTAL DEBT SERVICE 349.3 423.6 493.4 591.4 1,284.4 1,479.6 1,013.1 1,560.3 1982 1983 1984 1985 1986 1987 1988 1989 PROJECTED PUBLIC AND PRIVATE DEBT SERVICE TOTAL DEBT SERVICE .. .. .. .. .. .. PRINCIPAL .. .. .. .. .. .. INTEREST 134 SINGAPORE (US$ Mi71ions) 1972 1974 1276 1977 1978 1979 1980 1981 TOTAL DEBT OUTS1ANDING DISBURSED ONLY TOTAL DEBT .. .. .. .. .. Public / Publicly Guar. 299.1 513.2 705.S 998.2 1,133.5 1,323.0 1,320.0 1,318.2 Private Non-guaranteed .. .. .. PUBLIC / PUBLICLY GUARANTEED DEBT DEBT OUTS. INC. UNDISB. 508.8 681.3 943.6 1,222.3 1,318.7 1,501.8 1,592.9 1,586.7 Official Creditors 3S1.3 473.1 470.0 473.8 532.3 676.3 607.0 566.5 Multilateral 207.4 237.2 242.1 230.0 237.1 239.5 221.9 225.5 IBRD 113.2 134.9 148.5 142.1 135.3 127.8 119.1 109.3 IDA - - - - - - - - Bilateral 173.9 235.8 228.0 243.8 295.3 436.8 385.1 341.0 Private Creditors 127.5 208.2 473.5 748.4 786.4 825.5 985.8 1,020.2 Suppliers 39.6 82.1 230.2 310.8 225.3 275.6 246.8 273.2 Financial Markets 87.9 126.2 243.3 437.7 561.1 549.9 739.0 747.0 DEBT OUTS. DISB. (DOD) 299.1 513.2 705.8 998.2 1,133.5 1,323.0 1,320.0 1,318.2 Official Creditors 213.3 337.0 386.3 408.2 476.2 527.1 561.8 513.1 Multilateral 98.5 137.3 166.7 166.3 180.9 174.4 180.3 174.2 IBRD 91.4 98.6 103.5 104.2 121.0 118.1 116.7 109.3 IDA - - - - - - - - Bilateral 114.9 199.7 219.7 241.9 295.3 352.7 381.5 338.9 Private Creditors 85.8 176.2 319.4 590.0 657.3 795.9 758.2 805.1 Suppliers 20.7 57.0 80.1 166.8 196.2 245.9 239.3 191.7 Financial Markets 65.0 119.2 239.4 423.2 461.1 549.9 519.0 613.4 COMMITMENTS 167.8 145.2 198.2 220.5 254.8 346.4 303.9 191.5 Official Creditors 78.5 92.5 43.5 - 62.5 213.3 4.7 19.0 Multilateral 30.2 19.5 23.6 - 19.0 15.1 - 19.0 IBRD 9.5 19.5 - - - - IDA - - - - - - Bilateral 48.3 73.0 19.9 - 43.5 198.2 4.7 - Private Creditors 89.3 52.7 154.7 220.5 192.3 133.1 2'99.2 172.5 Suppliers 11.3 32.0 34.5 48.8 92.3 83.1 8.0 78.8 Financial Markets 78.0 20.7 120.2 171.6 100.0 50.0 291.2 93.7 DISBURSEMENTS 105.5 104.7 199.3 257.1 266.5 353.3 190.1 169.1 Official Creditors 45.6 64.8 62.4 18.6 71.8 120.3 101.7 10.4 Multilateral 19.1 20.7 18.9 11.2 26.6 6.2 19.4 9.3 IBRD 13.0 5.5 7.2 7.1 23.6 4.7 7.3 2.3 IDA - - - - - - - - Bilateral 26.6 44.1 43.6 7.4 45.2 114.1 82.2 1.1 Private Creditors 59.9 39.9 136.9 238.5 194.7 233.0 88.4 158.7 Suppliers 6.8 24.1 20.7 81.7 182.7 83.0 28.9 1.8 Financial Markets 53.1 15.9 116.2 156.8 12.0 150.0 59.5 156.9 PRINCIPAL REPAYMENTS 24.3 20.2 35.1 37.2 226.3 133.0 159.0 107.0 Official Creditors 20.4 13.2 17.5 16.7 24.1 66.0 80.6 38.7 Multilateral 3.5 6.2 10.0 11.6 12.0 12.7 13.6 15.4 IBRD 3.3 5.2 5.9 6.4 6.8 7.5 8.7 9.7 IDA - - - - - - - - Bilateral 16.9 6.9 7.5 5.2 12.2 53.3 67.0 23.4 Private Creditors 4.0 7.1 17.6 20.5 202.2 67.0 78.5 68.3 Suppliers 3.8 5.0 10.0 12.6 179.3 32.0 36.8 33.2 Financial Markets 0.2 2.1 7.6 7.8 22.9 35.0 41.6 35.0 NET FLOWS 81.2 84.5 164.2 219.9 40.2 220.3 31.0 62.1 Official Creditors 25.3 51.6 45.0 1.9 47.7 54.3 21.1 -28.3 Multilateral 15.6 14.5 8.9 -0.3 14.6 -6.5 5.8 -6.0 IBRD 9.8 0.3 1.4 0.7 16.8 -2.9 -1.4 -7.4 IDA - - - - - - - - Bilateral 9.7 37.1 36.1 2.2 33.0 60.8 15.2 -22.2 Private Creditors 55.9 32.9 119.3 218.1 -7.5 166.0 10.0 90.4 Suppliers 3.0 19.1 10.7 69.1 3.4 51.0 -8.0 -31.5 Financial Markets 53.0 13.8 108.6 148.9 -10.9 115.0 17.9 121.8 INTEREST PAYMENTS(INT) 11.0 25.1 35.6 45.1 77.5 86.4 103.5 121.5 Official Creditors 8.5 14.9 20.3 22.8 26.8 31.0 36.0 36.8 Multilateral 5.9 9.3 11.8 12.4 14.6 16.0 15.7 14.3 IBRD 5.5 7.2 7.6 7.9 9.6 10.9 10.1 8.8 IDA - - - - - - - - Bilateral 2.7 5.5 8.5 10.3 12.2 14.9 20.2 22.5 Private Creditors 2.4 10.2 15.3 22.3 50.8 55.5 67.6 84.7 Suppliers 1.1 2.4 5.8 4.7 13.3 18.3 19.2 20.5 Financial Markets 1.3 7.8 9.4 17.6 37.5 37.2 48.3 64.3 135 SINGAPORE (,JS$ Mi 11 ions) 1972 1974 1D76 1977 1978 1979 1980 1981 NET TRANSFERS 70.2 59.4 128.7 174.9 -37.3 133.9 -72.5 -59.4 Official Creditors 16.7 36.7 24.6 -20.9 20.9 23.4 -14.9 -65.1 Multilateral 9.7 5.1 -3.0 -12.8 O.i -22.5 -9.9 -20.3 IBRD 4.2 -6.9 -6.3 -7.2 7.1 -13.7 -11.4 -16.2 !DA - - - - - Bilateral 7.0 31.6 27.6 -8.1 20.8 45.9 -5.0 -44.8 Private Creditors 53.5 22.6 104.0 195.8 -58.2 110.5 -57.6 5.7 Suppliers 1.9 16.7 4.9 64.4 -9.9 32.7 -27.2 -51.9 Financial Markets 51.6 6.0 99 1 131.4 -48.3 77.8 -30.4 57.6 TOTAL DEBT SERVICE(TDS) 35.3 45.4 70.7 82.3 303.8 219.4 262.5 228.5 Official Creditors 28.9 28.0 37.8 39.5 50.9 96.9 116.5 75.5 Multilateral 9.3 15.6 21.8 24.0 26.5 28.7 29.3 29.6 IBRD 8.8 12.5 13.5 14.3 16.5 18.4 18.8 18.5 IDA - - - - - - - - Bilateral 19.6 12.5 16.0 15.5 24.4 68.2 87.2 45.9 Private Creditors 6.4 17.3 32.9 42.7 252.9 122.5 146.0 153.0 Suppliers 4.9 7.4 15.8 17.3 192.6 50.3 56.1 53.7 Financial Markets 1.5 9.9 17.1 25.4 60.3 72.2 90.0 99.3 AVERAGE TERMS: PUBLIC DEBT NEW COMMITMENTS ALL CREDITORS Interest (%) 6.9 6.8 7.9 6.9 10.3 8.6 9.7 11.5 Maturity years) 12.4 12.9 12.3 8.3 8.6 8.5 10.5 9.0 Grace Period (years) 4.6 4.1 6.9 3.9 1.8 3.1 1.7 3.1 Grant Element (%) 15.8 16.3 12.2 13.2 -1.8 4.9 0.5 -7.2 OFFICIAL CREDITORS Interest (%) 6.7 6.5 9.2 - 7.9 8.0 8.5 9.0 Maturity years) 13.4 )5.0 14.0 - 8.8 8.0 11.2 12.7 Grace Period (years) 4.8 5.4 4.3 - 1.7 3.9 1.7 3.2 Grant Element (%) 16.9 20.4 3.1 - 7.1 7.6 5.7 4.0 PRIVATE CREDITORS Interest (%) 7.0 7.4 7.6 6.9 11.0 9.5 9.7 11.7 Maturity (years) 11.6 9.2 11.8 8.3 8.5 9.2 10.5 8.6 Grace Period (years) 4.3 1.8 7.7 3.9 1.8 1.8 1.7 3.1 Grant Element (%) 14.8 9.1 14.7 13.2 -4.7 0.5 0.4 -8.4 MAJOR ECONOMIC AGGREGATES (U.S. S MILLIONS) Gross Nat. Product (GNP) 2.878 4,969 5,766 6,468 7,679 9,020 10,670 12,491 Exports of G. & S. (XGS) 3,247 8,026 9,227 11,102 13,544 18,335 24,698 28,546 Imports of G. & S. (MGS) 3,746 9.020 9.788 11,380 14,123 19,302 26,239 30,241 Intl. Reserves (RES) 1,748 2.812 3,364 3,858 5,303 5,819 6,567 7,549 PRINCIPAL RATIOS DOD/XGS (% 9.2 6.4 7.6 9.0 8.4 7.2 5.3 4.6 DOD/GNP (% 10.4 10.3 12.2 15.4 14.8 14.7 12.4 10.6 TDS/XGS (% 1.1 0.6 0.8 0.7 2.2 1.2 1.1 0.8 TDS/GNP (% 1.2 0.9 1.2 1.3 4.0 2.4 2.5 1.8 INT/XGS (% 0.3 0.3 0.4 0.4 0.6 0.5 0.4 0.4 INT/GNP l% 0.4 0.5 0.6 0.7 1.0 1.0 1.0 1.0 RES/DOD (% 584.6 547.9 476.6 386.5 467.8 439.8 497.5 572.7 RES/MGS (months) 5.6 3.7 4.1 4.1 4.5 3.6 3.0 3.0 MEMORANDA Proportion of Disbursed Debt Concessional Loans (%) 28.3 21.9 .4.2 12.4 11.9 9.2 9.5 7.4 Var. Int. Rate Loans (%) - 0.4 0.3 0.2 0.2 11.5 13.4 20.6 Use of IMF Credit(US$ mil) - - - - - - - - 1982 1983 1984 1985 1986 1987 1988 1989 PROJECTED PUBLIC DEBT SERVICE TOTAL DEBT SERVICE 287.1 311.2 312.2 323.4 265.9 230.3 125.2 107.0 Principal 169.1 202.0 217.4 247.6 210.0 191.1 99.8 91.3 Interest 118.1 109.2 94.8 75.8 55.9 39.2 25.4 15.7 OFFICIAL CREDITORS 70.8 72.7 111.3 107.6 117.1 73.9 36.1 32.2 Principal 36.4 40.1 81.3 83.0 98.4 62.1 27.2 24.8 Interest 34.4 32.7 30.0 24.6 18.7 11.8 9.0 7.4 PRIVATE CREDITORS 216.3 238.5 200.9 215.8 148.9 156.4 89.1 74.8 Principal 132.7 161.9 136.1 164.6 111.6 129.0 72.6 66.5 Interest 83.6 76.5 64.8 51.2 37.2 27.4 16.5 8.2 136 SOLOMON ISLANDS (:JSs tMill ions) 1972 1974 1975 1377 1978 1879 1980 1981 TOTAL DEBT OUTSTANDING DISBURSED ONLY TOTAL DEBT Public / Publicly Guar. 0.7 1.1 3.6 7.6 11.4 Private Non-guaranteed C 7 1 t 3 . . PUBLIC / PUBLICLY GUARANTEED DEBT DEBT OUTS. INC. UNDISB. .. .. .. 7.6 10.7 12.7 19.3 27.2 Official Creditors .. .. 7.6 10.7 12.7 19.3 27.2 Multilateral 7.2 10.2 12.2 18.8 26.8 IBRD - - IDA . B Ilateral ...... 0.4 0.5 0.5 0.5 0.4 Private Creditors 4 ° 5 Suppliers - - - Financial Markets rkets DEBT OUTS. DISB. (DOD) 0.7 1.1 3.6 7.6 11.4 Official Creditors ' . . 0.7 1.t 3.6 7.6 11.4 Multilateral ..... 0.2 0.7 3.2 7.1 11.1 IBRD .. -- IDA . . . . Bilateral ... 0.4 0.5 0.5 0.5 0.4 Private Creditors . 0 5 ° S Suppliers.. Financial Markets * . - - COMMITMENTS .. .. .. 7.2 3.0 2.0 6.8 8.6 Official Creditors 7.2 3.0 2.0 6.8 8.6 Multilateral 7.2 3.0 2.0 6:18 8.6 IBRD IDA ......--- 1.5 Bilateral . . - Private Creditors Suppliers ' . . Financlal Markets .. .- - - - DISBURSEMENTS .. .. .. 0.2 0.5 2.5 4.0 4.0 Official Creditors 0.2 0.5 2.5 4.0 4.0 Multilateral . . 0.2 0.5 2.5 4.0 4.0 IDA Bilateral . . Private Creditors . . . Suppliers . . . Financial Markets . . . - PRINCIPAL REPAYMENTS .. .. .. 0.0 0.0 0.0 0.0 0.0 Official Creditors * - * - - 0.0 0.0 0.0 0.0 0.0 Multilateral IBRD IDA .. Bilateral ...... 0. 0.0 0.0 0.0 0.0 Private Creditors ° ° Suppliers * - Financial Markets ..- - - - - NET FLOWS ... . 0.2 0.5 2.5 3.9 3.9 Official Creditors ' 0.2 0.5 2.5 3.9 3.9 Multilateral .. .2 0.5 2.5 4.0 4.0 IBRO . . . . IDA .. -- Bilateral ... . 0.0 0.0 0.0 0.0 0.0 Private Creditors ° ° ° ° ° Suppliers .. . Financial Markets . . . INTEREST PAYMENTS(INT) .0.0 0.0 0.0 0.1 Official Creditors 0.0 0.0 0.0 0.1 Multilateral .0.0 0.0 0.0 0.1 IBRD IDA Bilateral.... Private Creditors Suppliers Financial Markets . . . . 137 SOLOMON ISLANDS ( US$ V\1i I i ons ) 1972 1974 1976 1977 1978 1979 1980 1981 NET TRANSFERS .. .. .. 0.2 0.4 2.5 3.9 3.8 Official Creditors .. .. .. 0.2 0.4 2.5 3.9 3.8 Multilateral 0.2 0.5 2.5 3.9 3.9 IDA . .. ... Bilateral .. .. .. 0.0 0.0 0.0 0.0 0.0 Private Creditors .- - - - Stuppliers Financial Markets .- - - - - TOTAL DEBT SERVICE(TDS) .. .. .. 0.0 0.0 0.0 0.1 0.1 Official Creditors .. .. .. 0.0 0.0 0.0 0.1 0.1 Multilateral . - 0.0 0.0 0.0 C.1 IBRO IDA - - - - - Bilateral .. 0.0 0.0 0.0 0.0 0.0 Private Creditors ..- - - - - Suppliers .. . Financial Markets . .- - AVERAGE TERMS: PUBLIC DEBT NEW COMMITMENTS ALL CREDITORS Interest (%) .. .. .. 1.0 0.8 1.0 1.0 0.9 Maturity (years) .. .. .. 39.8 31.4 39.7 39.8 34.2 Grace Period (years) .. .. .. 10.3 8.5 10.2 10.3 8.3 Grant Element (%) .. .. .. 78.4 70.9 78 3 78.4 71.3 OFFICIAL CREDITORS Interest (%) .. . .. 1.0 0.8 1.0 1.0 0.9 Maturity (years) .. .. .. 39.8 31.4 39.7 39.8 34.2 Grace Period (years) .. .. .. 10.3 8.5 10.2 10.3 8.3 Grant Element (%) .. .. .. 78.4 70.9 78.3 78.4 71.3 PRIVATE CREDITORS Interest (%) ..- - - - Maturity years) .. . Grace Period (years) .. Grant Element (%) - - - - - MAJOR ECONOMIC AGGREGATES (U.S. $ MILLIONS) Gross Nat. Product GNP) 37 73 72 76 93 123 136 149 Exports of G. & S. XGS Imports of G. & S. MGS . .. .. .. Intl. Reserves (RES) .. .. . PRINCIPAL RATIOS DOD/XGS %) DODOGNP %.. .. . 0.9 1.2 2.9 5.6 7.7 TDS/XGS % .. . .. .. .2 TDS/GNP % . ..-- . INT/XGS %) INT/GNP % ) - 0.1 RES/DOD (%) RES/MGS (months) MEMORANDA Proportion of Disbursed Debt Concessional Loans (%) ,. 100.0 100.0 100.0 100.0 100.0 Var. Int. Rate Loans (%) _ _ _ Use of IMF Credit(US$ mil - - - - - - 1982 1983 1984 1985 1986 1987 1988 1989 PROJECTED PUBLIC DEBT SERVICE TOTAL DEBT SERVICE 0.1 0.2 0.4 0.5 0.6 0.7 0.8 0.8 Principal 0.0 0.1 0.2 0.3 0.4 0.5 0.6 0.5 Interest 0.1 0.2 0.2 0.2 0.2 0.2 0.2 0.2 OFFICIAL CREDITORS 0.1 0.2 0.4 0.5 0.6 0.7 0.8 0.8 Principal 0.0 0.1 0.2 0.3 0.4 0.5 0.6 0.5 Interest 0.1 0.2 0.2 0.2 0.2 0.2 0.2 0.2 PRIVATE CREDITORS - - - - - - - - Principal - - - - - - - - Interest - - - - - - - - 138 THAILAND (UJSS Mi1lions) 1972 1974 1576 1977 1978 1979 1980 1981 TOTAL DEBT OUTSTANDING DISBURSED ONLY TOTAL DEBT 891.4 1,160.9 1,607.8 1,999.1 2,750.7 4,075.1 5,830.5 7,267.8 Public / Publicly Guar. 386.0 512.9 822.7 1,119.2 1,820.1 2,831.8 4,128.0 5,16i9.2 Private Non-guaranteed 505.4 648.0 785.1 879.9 930.6 1,243.3 1,702.5 2,098.6 PUBLIC / PUBLICLY GUARANTEED DEBT DEBT OUTS. INC. UNDISS. 650.6 1,122.2 1,662.9 2,483.1 3,718.9 5,192.4 7,132.3 8,250.2 Official Creditors 612.6 1,066.8 1,512.2 2,003.3 2,844.3 3,645.4 4,969.2 5,638.8 Multilateral 408.7 648.9 1,021.1 1,207.9 1,633.0 1.930.3 2,750.0 3,213.2 IeRD 339.8 468.3 693.8 811.8 1,046.4 1,176.0 1,782.4 1,982.2 IDA - 32.0 32.0 32.0 65.1 125.1 124.7 122.0 Bilateral 203.8 418.0 491.0 795.5 1,211.3 1,715.0 2,219.2 2,425.6 Private Creditors 38.0 55.3 150.7 479.8 874.7 1,547.0 2,163.1 2,611.4 Suppliers 29.6 21.3 12.0 37.2 26.2 83.3 105.2 214.1 Financial Markets 8.4 34.1 138.7 442.6 848.5 1,463.7 2,057.8 2,397.3 DEBT OUTS. DISB. (DOD) 386.0 512.9 822.7 1,119.2 1,820.1 2,831.8 4,128.0 5,169.2 Official Creditors 349.5 468.3 672.2 895.7 1,253.8 1,670.7 2,314.5 2,843.6 Multilateral 200.5 271.5 416.2 520.1 713.3 923.5 1,163.5 1,494.9 IBRD 191.4 241.3 298.4 345.7 434.8 556.2 676.0 940.4 IDA - 1.4 10.6 19.4 24.5 28.1 32.2 50.9 Bilateral 149.0 196.8 256.0 375.5 540.5 747.2 1,151.0 1,348.7 Private Creditors 36.5 44.6 150.6 223.5 566.3 1,161.2 1,813.5 2,325.5 SupDliers 29.0 21.3 12.0 37.2 26.2 15.6 8.1 80.3 Financial Markets 7.5 23.4 138.6 186.3 540.1 1,145.5 1,805.4 2,245.2 COMMITMENTS 141.4 436.3 407.5 788.6 1,169.8 1,826.8 1,920.4 1,641.2 Off,cial Creditors 141.4 426.6 307.5 450.5 763.8 1,035.7 1,229.8 931.6 Multilateral 104.0 226.2 250.1 208.5 459.9 327.5 864.5 534.3 IBRD 81.0 142.0 158.0 137.8 256.0 152.7 632.0 230.9 IDA - 7.0 - - 33.'1 60.0 - - Bilateral 37.4 200.4 57.4 242.0 303.9 708.2 365.4 397.3 Private Creditors - 9.7 100.0 338.1 405.9 791.1 690.5 709.7 Suppliers - - - 32.0 - 64.0 35.7 127.1 Financial Markets - 9.7 100.0 306.0 405.9 727.1 654.9 582.5 DISBURSEMENTS 50.2 97.1 241.5 314.4 713.2 1,258.9 1,357.9 1,461.0 Official Creditors 44.8 81.9 141.4 229.3 344.6 550.7 641.9 703.5 Multilateral 32.5 51.8 96.4 125.1 216.0 239.3 280.3 387.2 IBRD 30.0 33.6 43.2 66.6 110.0 143.4 145.3 292.9 IDA - 1.3 6.5 8.8 5.1 3.5 4.5 21.2 Bilateral 12.3 30.1 45.0 104.1 128.6 311.4 361.5 316.3 Private Creditors 5.4 15.2 100.0 85.2 368.7 708.2 716.0 757.6 Suppliers 0.5 0.0 - 32.0 - - 2.6 80.0 Financial Markets 4.9 15.2 100.0 53.1 368.7 708.2 713.4 677.6 PRINCIPAL REPAYMENTS 23.4 30.9 42.7 62.7 94.4 153.8 166.1 226.0 Official Creditors 18.7 24.2 32.6 47.9 54.7 63.0 73.3 82.1 Multilateral 9.1 12.6 17.6 21.9 26.1 30.9 35.3 41.3 IBRD 8.2 10.6 14.6 19.2 20.9 22.0 25.6 28.5 IDA - - - - - - 0.4 2.5 Bilateral 9.6 11.6 15.0 26.0 28.6 32.1 38.0 40.8 Private Creditors 4.7 6.7 10.1 14.8 39.6 90.7 92.8 143.9 Suppliers 4.4 4.5 3.9 7.1 11.2 10.6 9.9 7.3 Financial Markets 0.2 2.2 6.3 7.7 28.4 80.1 82.9 136.5 NET FLOWS 26.9 66.2 198.7 251.7 618.9 1,105.2 1,191.7 1,235.0 Official Creditors 26.1 57.7 108.8 181.4 289.8 487.7 568.5 621.4 Multilateral 23.4 39.2 78.8 103.3 189.9 208.3 245.0 345.9 IBRD 21.8 23.0 28.7 47.3 89.1 121.4 119.8 264.4 IDA - 1.3 6.5 8.8 5.1 3.5 4.1 18.7 Bilateral 2.7 18.5 30.0 78.1 100.0 279.3 323.5 275.4 Private Creditors 0.8 8.5 89.9 70.3 329.0 617.5 623.2 613.7 Suppliers -4.0 -4.5 -3.9 24.9 -11.2 -10.6 -7.3 72.7 Financial Markets 4.7 13.0 93.8 45.4 340.3 628.1 630.5 541.0 INTEREST PAYMENTS(INT) 19.7 27.9 44.1 59.6 93.7 160.0 268.1 394.8 Official Creditors 17.8 24.8 36.7 47.4 66.1 87.0 117.5 142.8 Multilateral 11.8 18.5 27.5 34.6 48.8 63.8 76.6 87.6 IBRD 11.2 17.0 21.7 25.1 34.3 44.5 53.5 61.2 IDA - 0.0 0.1 0.1 0.1 0.2 0.3 0.3 Bilateral 6.0 6.3 9.2 12.8 17.3 23.2 41.0 55.2 Private Creditors 1.8 3.0 7.5 12.2 27.6 73.0 150.6 252.0 Suppliers 1.8 1.5 0.8 0.6 2.8 2.4 1.8 1.4 Financial Markets 0.0 1.5 6.6 11.6 24.8 70.6 148.8 250.6 I w THAILAND (US$ Ali I1 ions) 1972 1974 1976 1977 1978 1979 1980 1981 NET TRANSFERS 7.2 38.4 154.6 192.1 525.1 945.2 923.6 840.2 Official Creditors 8.3 32.9 72.1 134.0 223.7 400.6 451.0 478.6 Multilateral 11.6 20.7 51.3 68.7 141 1 144.5 168.4 258.3 IBRD 10.6 5.9 6.9 222 54.8 76.9 66.2 203.2 IDA - 1.3 6.5 8.6 5.0 3.3 3.8 18.4 Bilateral -3.3 12.2 20.9 65.3 82.6 256.' 282.6 220.3 Private Creditors -1.1 5.5 82.5 58.1 301.4 544.5 472.6 361.7 Suppliers -5.8 -6.0 -4.7 24.3 -14.1 -13.0 -9.1 71.3 Financial Markets 4.7 11.5 87.1 33.8 315.5 557.6 481.7 290.4 TOTAL DEBT SERVICE(TDS) 43.0 58.8 86.9 122.3 188.1 313.8 434.3 620.8 Official Creditors 36.6 49.0 69.3 95.3 120.8 150.1 190.9 224.9 Multilateral 21.0 31.1 45.1 56.4 74.9 94.8 111.9 128.9 I6RD 19.3 27.7 36.3 44.3 55.2 66.4 79.1 89.7 IDA - 0.0 0.1 0.1 0.1 0.2 0.7 2.8 Bilateral 15.6 17.9 24.2 38.8 46.0 55.3 78.9 96.0 Private Creaitors 6.5 9.7 17.6 27,0 67.3 163.7 243.4 395.9 SuDpliers 6.2 6.0 4.7 7.7 14.1 13.0 11.7 8.7 Financial Markets 0.2 3.7 12.9 19.3 53.2 150.7 231.7 387.2 AVERAGE TERMS: PUBLIC DEBT NEW COMMITMENTS ALL CREDITORS Interest (%) 6.1 5.6 7.8 7.0 6.8 7.6 9.3 10.2 Maturity (years) 26.5 23.8 17.3 14.5 17.1 17.0 16.6 16.7 Grace Period (years) 6.6 6.3 4.5 3.9 5.1 5.0 5.3 4.7 Grant Element (%) 29.3 31.4 11.9 17.3 21.1 17.9 7.5 5.0 OFFICIAL CREDITORS Interest (%) 6.1 5.5 7.9 6.1 5.6 5.4 6.8 7.4 Maturity years) 26.5 24.2 20.6 19.6 21.1 22.4 21.1 22.4 Grace Period (years) 6.6 6.4 5.2 5.2 5.7 6.1 6.0 6.2 Grant Element (%) 29.3 32.2 12.8 26.1 29.8 33.2 21.9 19.7 PRIVATE CREDITORS Interest (%) - 10.6 7.3 8.3 8.9 10.5 13.8 13.8 Maturity (years) - 7.0 7.3 7.9 9.4 10.0 8.6 9.3 Grace Period (years) - 0.5 2.3 2.3 3.9 3.6 4.0 2.8 Grant Element (%) - -2.6 9.0 5.5 4.6 -2.1 -18.1 -14.4 MAJOR ECONOMIC AGGREGATES (U.S. $ MILLIONS& Gross Nat. Product (GNP) 7,899 13.291 16,485 19,167 22,841 26,759 32,838 36,017 Exports of G. & S. XGS) 1,589 3,173 3.645 4,180 5.127 6,662 8.578 9.250 Imports of G. & S (MGS 1,700 3,501 4,108 5,312 6,321 8,804 10,860 11,942 Intl. Reserves (RES) 1.115 2,194 2,113 2,208 2,557 3,100 3,026 2,721 PRINCIPAL RATIOS DOD/XGS (%) 24.3 16.2 22.6 26.8 35.5 42.5 48.1 55.9 DOD/GNP % 4.9 3.9 5.0 5.8 8.0 10.6 12.6 14.4 TDS/XGS (% 2.7 1.9 2.4 2.9 3.7 4.7 5.1 6.7 TDS/GNP % 0.5 0.4 0.5 0.6 0.8 1.2 1.3 1.7 INT/XGS (% 1.2 0.9 1.2 1.4 1.8 2.4 3.1 4.3 INT/GNP (%) 0.2 0.2 0.3 0.3 0.4 0.6 0.8 1.1 RES,/DOD (%) 288.8 427.8 256.9 197.3 140.5 109.5 73.3 52.6 RES/MGS (months) 7.9 7.5 6.2 5.0 4.9 4.2 3.3 2.7 MEMORANDA Proportion of Disbursed Debt Concessional Loans (%) 30.1 33.2 30.4 31.8 30.4 25.1 24.0 21.5 Var. Int. Rate Loans (% - - 13.9 12.7 17.8 23.2 29.6 32.5 Use of IMF Credit(US$ mili - - 77.8 81.4 176.8 239.8 181.9 705.6 1982 1983 1984 1985 1986 1987 1988 1989 PROJECTED PUBLIC DEBT SERVICE TOTAL DEBT SERVICE 833.8 939.7 1,115.2 1,127.1 1,121.2 1,053.2 997.6 780.5 Principal 332.7 418.1 589.8 639.4 681.8 672.1 680.4 523.8 Interest 501.! 521.6 525.4 467.7 439.5 381.1 317.1 256.6 OFFICIAL CREDITORS 328.2 398.9 466.2 541.7 606.9 598.3 582.4 558.5 Principal 137.3 174.5 210.5 269.5 333.4 336.3 338.0 335.1 Interest 190.9 224.5 255.8 272.1 273.5 262.0 244.4 223.4 PRIVATE CREDITORS 505.6 540.8 649.0 585.4 514.3 454.9 415.2 222.0 Principal 195.4 243.7 379.3 369.9 348.4 335.8 342.4 188.7 Interest 310.2 297.1 269.6 215.5 166.0 119.1 72.8 33.3 140 THAILAND (US$ Mi!lions) 1972 1974 1976 1977 1978 1979 1980 1981 PRIVATE NON-GUARANTEED DEBT DEST OUTS.DISB. ONLY 505.4 648.0 785.1 879.9 930.6 1,243.3 1,702.5 2,098.6 Official Sources - - - - - - Private Sources 505.4 648.0 785.1 879.9 930.6 1,243.3 1,702.5 2,098.6 Foreign Parernt Comp. .. .. 173.4 225.8 243.3 235.0 234.7 272.7 Financial Institutions .. .. 401.7 468.2 531.6 830.3 1,228.2 1,528.9 Suppliers 236.0 234.5 210.0 185.9 155.7 178.0 239.6 297.0 DISBURSEMENTS 195.8 324.8 277.5 348.9 572.9 799.0 1,026.7 789.6 Official Sources - - - - - - - - Private Sources 195.8 324.8 277.5 348.9 572.9 799.0 1,026.7 789.6 Foreign Parent Comp. .. .. .. 11i.0 193.2 157.2 155.6 71.6 Financial Institutions .. .. .. 173.3 329.0 545.0 719.0 582.3 Suppliers 87.2 109.9 60.9 64.6 50.7 96.8 152.1 135.8 PRINCIPAL REPAYMENTS 115.7 138.0 228.6 254.1 522.0 486.4 539.8 393.5 Official Sources - - - - - - - - Private Sources 115.7 138.0 228.6 254.1 522.0 486.4 539.8 393.5 Foreign Parent Comp. .. .. .. 58.6 175.6 164.0 155.9 33.5 Financial Institutions .. .. .. 106.8 265.6 247.9 321.1 281.6 Suppliers 91.4 81.1 92.2 88.7 80.8 74.5 62.8 78.4 NET FLOWS 80.1 186.8 48.9 94.8 50.9 312.6 486.9 396.1 Official Sources - - - - - - - - Private Sources 80.1 186.8 48.9 94.8 50.9 312.6 486.9 396.1 Foreign Parent Comp. .. .. .. 52.4 17.6 -6.8 -0.3 38.1 Financ.al Institutions .. .. .. 66.5 63.4 297.1 397.9 300.7 Suppliers -4.2 28.8 -31.3 -24.i -30.1 22.3 89.3 57.4 INTEREST PAYMENTS 21.1 57.1 62.6 65.8 101.9 168.3 250.0 310.4 Official Sources - - - - - - - - Private Sources 21.1 57.1 62.6 65.8 101.9 161.7 250.0 310.4 Foreign Parent Comp. .. .. .. 19.3 26.4 51.2 61.1 32.7 Financial Institutions .. .. .. 46.5 75.5 110.5 175.8 258.3 Suppliers .. .. .. - - - 13.1 19.4 NET TRANSFERS 59.0 129.7 -13.7 29.0 -51.0 144.3 236.9 85.7 Official Sources - - - - - - - - Private Sources 59.0 129.7 -13.7 29.0 -51.0 150.9 236.9 85-7 Foreign Parent Comp. .. .. .. 33.1 -8.8 -58.0 -61.4 5.4 Financial Institutions .. .. .. 20.0 -12.1 186.6 222.1 42.4 Suppliers .. .. .. -24.1 -30.1 22.3 76.2 38.0 TOTAL DEBT SERVICE 136.8 195.1 291.2 319.9 623.9 654.7 789.8 703.9 Official Sources - - - - - - - - Private Sources 136.8 195.1 291.2 319.9 623.9 648.1 789.8 703.9 Foreign Parent Comp. .. .. .. 77.9 202.0 215.2 217.0 66.2 Financial Institutions .. .. .. 153.3 341.1 358.4 496.9 539.9 Suppliers .. .. .. 88.7 80.8 74.5 75.9 97.8 1982 1983 1984 1985 1986 1987 1988 1989 PROJECTED NON-GUARANTEED DEBT SERVICE TOTAL DEBT SERVICE 854.8 756.3 565.6 392.8 249.7 126.2 22.5 Principal 539.1 521.4 409.2 297.9 201.7 108.9 20.4 Interest 315.7 234.9 156.4 94.9 48.0 17.3 2.1 . 141 THAILAND (US3 Millions) 1972 1974 1976 1977 1978 1979 1980 1981 PUBLIC AND PRIVATE DEBT DEBT OUTS.DISB. ONLY 891.4 1,160.9 1,eO7.8 1,999.1 2,750.7 4,075.1 5,830.5 7,267.8 DISBURSEMENTS 246.0 421.9 519.0 683.3 1,286.1 2,057.9 2,384.6 2,250.6 PRINCIPAL REPAYMENTS 139.1 168.9 271.3 316.8 616.4 640.2 70E.9 619.5 NET FLOWS 107.0 253.0 247.6 346.5 669.8 1,417.8 1,678.6 1,831.1 INTEREST PAYMENTS 40.8 85.0 106.7 125.4 195.6 328.3 518.1 705.2 NET TRANSFERS 66.2 168.1 140.9 221.1 474.1 1,089.5 1,160.5 925.9 TOTAL DEBT SERVICE 179.8 253.9 378.1 442.2 812.0 968.5 1,224.1 1.324.7 1982 1983 1984 1985 1986 1987 1988 1989 PROJECTED PUBLIC AND PRIVATE DEBT SERVICE TOTAL DEBT SERVICE 1,688.6 1,696.0 1,680.8 1,519.9 1,370.9 1,179.4 1,020.1 PRINCIPAL 871.8 939.5 999.0 937.3 883.5 781.0 700.8 INTEREST 816.8 756.5 681.8 582.6 487.5 398.4 319.2 142 WESTERN SAMOA (Uss Mi1lions) 1972 1974 1976 1977 1978 1979 19B0 1981 TOTAL DEBT OUTSTANDING DISBURSED ONLY TOTAL DEBT .. .. Public / Publicly Guar. .. 13.6 20.4 29.3 37.7 48.1 55.0 56.7 Private Non-guaranteed .. .. .. . .. . PUBLIC / PUBLICLY GUARANTEED DEBT DEBT OUTS. INC. UNDISB. .. 19.3 30.8 41.3 52.1 70.4 79.8 81.4 Official Creditors .. 8.7 22.2 30.1 39.6 60.1 71.5 75.0 Multilateral .. S.2 18.8 25.1 30.7 46.9 52.5 58.4 IBRD - - - - - - IDA .. - 4.4 4.4 4.4 12.4 12.4 14.3 Bilateral .. 0.5 3.5 5.1 8.9 13.3 19.0 16.6 Private Creditors .. 10.6 8.6 11.2 12.5 10.3 8.3 6.4 Suppliers .. 2.8 2.3 2.0 1.6 0.8 0.3 0.0 Financial Markets .. 7.8 6.3 9.2 10.9 9.5 8.0 6.4 DEBT OUTS. DISB. (DOD) .. 13.6 20.4 29.3 37.7 48.1 55.0 56.7 Official Creditors .. 3.0 11.8 18.1 25.2 37.8 46.7 50.3 Multilateral .. 2.8 8.4 13.1 19.6 24.6 34.2 39.0 IBRD - - - - - - 6 IDA - 2.2 3.3 4.2 .3 6.3 7.4 Bilateral .. 0.1 3.5 5.1 5.6 13.3 12.5 11.2 Private Creditors .. 10.6 8.6 11.2 12.5 10.3 8.3 6.4 Suppliers .. 2.8 2.3 2.0 1.6 0.8 0.3 0.0 Financial Markets .. 7.8 6.3 9.2 10.9 9.5 8.0 6.4 COMMITMENTS .. 2.5 11.0 10.4 12.6 20.6 12.8 6.9 Official Creditors .. 0.9 7.7 7.6 10.6 20.6 12.8 6.9 Multilateral .. 0.6 5.2 6.3 5.8 16.3 6.2 6.9 IBRD - - - - - - IDA .. - - - - 8.0 - 1.9 Bilateral .. 0.4 2.5 1.3 4.8 4.3 6.7 - Private Creditors .. 1.6 3.4 2.8 2.0 - - - Suppliers - 1.0 - - Financial Markets .. 1.6 2.4 2.8 2.0 - - - DISBURSEMENTS .. 2.6 8.5 8.8 10.5 12.8 10.1 6.1 Official Creditors .. 0.3 5.2 6.0 8.5 12.8 10.1 6.1 Multilateral .. 0.2 2.7 4.7 6.7 5.1 10.1 5.7 IBRD - - - - - - IDA .. - 0.8 1.1 1.0 0.1 2.0 1.1 Bilateral .. 0.0 2.5 1.3 1.8 7.6 - 0.4 Private Creditors .. 2.3 3.4 2.8 2.0 - - - Suppliers - 1.0 - - Financial Markets .. 2.3 2.4 2.8 2.0 - - - PRINCIPAL REPAYMENTS .. 0.6 2.8 1.1 1.6 2.1 2.3 2.2 Official Creditors .. - - 0.1 0.3 0.3 0.5 1.1 Multilateral .. - - - 0.2 0.2 0.3 0.4 IBRD - - - IDA Bilateral .. - - 0.1 0.1 0.1 0.1 0.7 Private Creditors .. 0.6 2.8 1.1 1.3 1.8 1.8 1.1 Suppliers .. 0.5 0.4 0.6 0.6 0.7 0.6 0.3 Financial Markets .. 0.1 2.5 0.4 0.7 1.1 1.2 0.8 NET FLOWS .. 2.0 5.7 7.7 8.8 10.6 7.8 3.9 Official Creditors .. 0.3 5.2 5.9 8.2 12.4 9.6 5.C Multilateral .. 0.2 2.7 4.7 6.5 4.9 9.8 5.3 IBRD ..- - - - - -- IDA. - 0.8 1.1 1.0 0.1 2.0 1.1 Bilateral .. 0.0 2.5 1.2 1.6 7.5 -0.1 -0.3 Private Creditors .. 1.7 0.5 1.8 0.7 -1.8 -1.8 -1.1 Suppliers .. -0.5 0.6 -0.6 -0.6 -0.7 -0.6 -0.3 Financial Markets .. 2.2 -0.1 2.4 1.3 -1.1 -1.2 -0.8 INTEREST PAYMENTS(INT) .. 0.5 0.5 1.0 1.2 1.6 2.3 2.2 Official Creditors .. 0.0 0.1 0.4 0.5 0.7 1.5 1.5 Multilateral .. 0.0 0.1 0.1 0.1 0.2 0.3 0.5 IBRD - - - - IDA .. - 0.0 0.0 0.0 0.0 0.0 0.0 Bilateral .. - 0.0 0.3 0.4 0.5 1.2 1.1 Private Creditors .. 0.5 0.4 0.7 0.7 0.9 0.9 0.7 Suppliers .. 0.2 0.1 0.2 0.2 0.1 0.1 0.0 Financial Markets .. 0.3 0.3 0.5 0.6 0.8 0.8 0.7 143 WESTERN SAMOA (US$ Millions) 1972 1974 1976 1977 1978 1979 1980 19S1 NET TRANSFERS .. 1.5 5.2 6.7 7.6 9.0 5.5 1.7 Official Creditors .. 0.2 5.0 5.6 7.6 11.7 8.2 3.5 Multilateral . 0.2 2.6 4.6 6.4 4.7 9.5 4.8 IBRD IDA . - 0.8 1.1 1.0 0.0 2.0 1.0 Bilateral .. 0.0 2.4 1.0 1.2 7.1 -1.3 -1.3 Private Creditors .. 1.3 0.2 1.1 -0.1 -2.7 -2.7 -1.8 Suppliers .. -0.7 0.5 -0.8 -0.a -o.e -0.7 -0.3 Financial Markets .. 2.0 -0.3 1.9 0.7 -1.S -2.0 -1.5 TOTAL DEBT SERVICE(TDS) .. 1.1 3.3 2.1 2.9 3.7 4.6 4.4 Official Creditors .. 0.0 0.1 0.4 0.8 1.0 1.9 2.6 Multilateral .. 0.0 0.1 0.1 0.3 0.5 0.6 0.9 IBRO IDA 0.0 0.0 0.0 0.0 0.0 0.0 Bilateral . - 0.0 0.3 0.5 0.6 1.3 1.7 Private Creditors 1.1 3.2 1.7 2.1 2.7 2.7 1.8 Suppliers .. 0.7 0.5 0.8 0.8 0.8 0.7 0.3 Financial Markets .. 0.3 2.7 0.9 1.3 1.9 2.0 1.5 AVERAGE TERMS: PUBLIC DEBT NEW COMMITMENTS ALL CREDITORS Interest (%) . . 4.1 5.3 3.8 5.2 2.9 0.4 0.9 Maturity years) .. 25.3 21.2 24.1 22.1 35.6 28.2 31.2 Grace Period (years) .. 14.5 5.9 6.5 6.0 8.4 9.4 9.1 Grant Element (%) .. 48.0 36.8 47.1 37.6 62.1 74.8 71.5 OFFICIAL CREDITORS Interest (%) .. 0.6 4.0 2.2 3.7 2.9 0.4 0.9 Maturity (years) .. 36.9 27.7 31.0 25.3 35.6 28.2 3i.2 Grace Period (years) .. 9.3 6.8 8.5 6.7 8.4 9.4 9.1 Grant Element f%) .. 79.6 50.1 62.7 46.8 62.1 74.8 71.5 PRIVATE CREDITORS Interest (%) .. 6.1 8.1 8.0 13.5 - - Maturity (years) .. 18.7 6.3 5.7 5.1 - - - Grace Period (years) .. 17.5 3.8 1.0 2.1 - - - Grant Element (%) .. 30.1 6.5 5.0 -11.0 - - - MAJOR ECONOMIC AGGREGATES (U.S. $ MILLIONS) Gross Nat. Product (GNP) 30 50 45 .. .. .. . Exports of G. & S. MXGS 11 20 12 .. .. .. . Imports of G. & S. (MGS 26 31 32 . . . Intl. Reserves (RES) 5 6 5 9 5 PRINCIPAL RATIOS DoDDXGs % .. 67.8 168.2 .. .. .. . DOD/GNP (%) . . 27.4 45.6 .. .. .. . TDSj'XGS %) .. 5.4 27.4 .. .. .. . TDSjGNP %) .. 2.2 7.4 .. .. . . INT/XGS %) .. 2.6 4.0 .. .. .. INT/GNP %) * 1.1 1.1 .. .. .. . RES/DOD %). 43.8 25.6 31.2 12.7 10.0 . RES/MGS (months) 2.1 2.3 2.0 .. .. MEMORANDA Proportion of Disbursed Debt Concessional Loans (%) .. 21.8 47.3 49.4 55.6 53.6 64.4 71.4 Var. Int. Rate Loans (% .. 17.7 6.9 4.1 7.3 4.8 3.2 2.6 Use of IMF Credit(US$ mil - - 2.2 2.0 3.5 4.4 3.3 5.2 1982 1983 1984 1985 1986 1987 1988 1989 PROJECTED PUBLIC DEBT SERVICE TOTAL DEBT SERVICE 5.1 5.6 5.1 4.7 4.0 2.6 2.6 2.7 Principal 3.2 3.9 3.7 3.6 3.1 1.8 1.9 1.9 Interest 1.9 1.7 1.3 1.1 0.9 0.8 0.8 0.7 OFFICIAL CREDITORS 3.5 3.6 3.8 4.5 3.0 2.5 2.5 2.8 Principal 2.1 2.3 2.7 3.6 2.3 1.8 1.9 1.9 Interest 1.4 1.2 1.1 0.9 0.7 0.7 0.6 0.6 PRIVATE CREDITORS 1.6 2.0 1.2 0.2 1.0 0.1 0.1 0.1 Principal 1.1 1.6 1.0 0.0 0.8 - - - Interest 0.6 0.5 0.2 0.2 0.2 0.1 0.1 0.1 144 LATIN AMERICA AND THE CARIBBEAN (USs Mi I I ,ots) 1972 1974 1976 1977 1978 1979 1980 1981 TOTAL DEBT OUTSTANDING DISBURSED ONLY TOTAL DEBT 37,066.5 57,453.9 82,779.5 100,556.6 125,033.8 146,529.5 168,485.4 203,151.0 Public / Publicly Guar. 22,089.7 36,993.8 58,404.5 73,351.3 94,626.7 112,076.5 126.923.8 145,080.3 Private Non-guaranteed 14,976.8 20,460.1 24,375.0 27,205.3 30.407.1 34,453.0 41.561.6 58,070.7 PUBLIC / PUBLICLY GUARANTEED DEBT DEBT OUTS. INC. UNDISB. 29,833.0 49,260.9 77,432.0 96,848.1 121,836.4 145,159.9 159,998.0 181,659.0 Official Creditors 15,507.1 21,866.2 29.986.7 33,499.4 38,800.7 43,572.6 48,906.7 54,169.8 Multilateral 7,256.4 9,811.8 14,378.3 16,647.9 19,986.4 24,140.0 27,684.9 32,181.9 IBRD 4,964.6 6,123.9 8,513.9 9,557.2 11,328.9 13,505.0 15,552.7 18,223.6 IDA 210.4 311.5 383.6 403.3 462.6 497.1 573.4 595.8 Bilateral 8,250.6 12,054.4 15,608.4 16,851.5 18,814.3 19,432.6 21,221.8 21,S97.8 Private Creditors 14,326.0 27,394.7 47,445.3 63,348.7 83,035.6 101,587.3 111,091.3 127,489.2 Suppliers 4,370.1 5,861.8 6,872.5 7,688.0 8,723.8 9,870.3 9,793.9 10,158.2 Financial Markets 9,399.7 20,550.7 38,847.9 54,357.8 73,245.8 90,814.5 100,769.3 116,916.9 DEBT OUTS. DISB. (DOD) 22,089.7 36,993.8 58,404.5 73,351.3 94,626.7 112,076.5 126,923.8 145,080.3 Official Creditors 10,225.9 14,126.1 18,240.4 20,743.7 23,871.5 25,898.9 29,589.7 32,755.7 Multilateral 4,077.5 5,619.4 7,425.1 8,662.7 10,215.7 11,961.8 14.188.8 16,469.0 IBRD 2,796.9 3,744.6 4,688.1 5,210.0 5,734.1 6,552.6 7,743.4 8.941.7 IDA 146.9 198.2 265.1 304.4 339.3 368.8 427.2 495.2 Bilateral 6,148.4 8,506.8 10,815.4 12,081.0 13,655.8 13,937.1 15,400.9 16,285.8 Private Creditors 11,863.8 22,867.7 40,164.1 52,607.6 70,755.2 86,177.6 97,334.1 112,324.6 Suppliers 3,221.2 4,063.8 4,269.6 4,862.0 6,123.3 5,645.7 5,483.3 5,025.7 Financial Markets 8.088.0 17,821.7 34,169.5 46,442.8 63,565.9 79,629.5 91,322.7 106,884.9 COMMITMENTS 7,431.9 14,010.5 22,169.8 25,403.7 33,640.4 41,244.6 30,688.1 40,374.6 Official Creditors 2,856.8 4,251.4 6,318.6 4,846.9 5,906.6 7,200.6 8,204.8 8,953.1 Multilateral 1,466.0 1,643.9 2,905.3 2,942.3 3,677.0 4,792.4 4,717.5 5,648.1 IBRD 959.4 696.2 1,639.9 1,557.8 2,075.2 2,509.5 2,605.0 3,263.0 IDA 24.3 36.2 39.5 21.0 60.6 36.0 78.1 28.0 Bilateral 1,390.8 2,607.6 3,413.3 1,904.7 2.229.6 2,408.2 3,487.4 3,305.0 Private Creditors 4,575.1 9,759.1 15,851.2 20,556.8 27,733.8 34,044.1 22,483.2 31.421.5 Suppliers 984.3 1,539.2 1,507.7 1,395.5 1,628.2 3,197.8 1,237.1 2,288.1 Financial Markets 3,588.8 8,219.9 14,327.7 19,161.3 26,105.6 30,846.1 21,246.1 29,133.5 DISBURSEMENTS 5,969.0 11,466.7 17,082.6 20,940.1 30,702.0 34,391.5 29,202.7 34,597.3 Official Creditors 1,509.7 2,967.7 2,872.0 3,504.3 3,977.2 4,084.2 5,779.4 6,081.8 Multilateral 740.0 1,175.3 1,188.2 1,571.7 1,844.3 2,255.8 3,018.7 3,248.0 IBRD 485.3 747.0 611.0 810.1 815.0 1,139.9 1,588.8 1,709.1 IDA 16.5 24.1 35.3 40.6 36.3 30.9 60.1 70.6 Bilateral 769.7 1,792.4 1,683.8 1,932.6 2,132.9 1,828.4 2,760.7 2,833.7 Private Creditors 4,459.3 8,499.0 14,210.7 17,435.8 26,724.8 30,307.3 23,423.3 28,515.5 Suppliers 1,005.2 929.4 1,262.2 1,356.4 2,005.3 1,273.9 1,137.8 1,147.8 Financial Markets 3,452.1 7,569.6 12,932.7 16,079.3 24,719.5 29,033.3 22,285.4 27,367.7 PRINCIPAL REPAYMENTS 2,099.5 3,482.4 4,719.7 7,355.5 12,309.6 15,983.9 14,093.3 13,970.9 Official Creditors 527.6 762.4 1,172.0 1,455.6 1,554.2 2,007.0 2,073.3 2,335.3 Multilateral 215.0 271.3 356.5 466.0 489.1 534.1 711.3 841.8 IBRD 126.4 167.9 216.8 288.2 290.9 321.4 398.1 510.8 IDA 0.5 0.9 1.3 1.3 1.3 1.5 1.7 2.5 Bilateral 312.6 491.1 815.6 989.6 1,065,2 1,472,8 1,362.0 1,493.6 Private Creditors 1,571.9 2,720.1 3,547.6 5,899.8 10.755.3 13,976.9 12,020.0 11,635.6 Suppliers 517.3 764.5 939.6 1,040.6 1,169.8 1,338.1 1,231.5 1,155.9 Financial Markets 1,017.3 1,898.1 2,486.1 4,346.7 9,347.0 12,472.5 10,413.0 10,407.4 NET FLOWS 3,869.6 7,984.2 12,363.0 13,584.6 18,392.4 18,407.6 15,109.4 20,626.4 Official Creditors 982.1 2,205.3 1,699.9 2,048.7 2,422.9 2,077.3 3,706.1 3,746.4 Multilateral 525.0 904.0 831.8 1,105.6 1,355.3 1.721.7 2,307.4 2,406.3 IBRD 358.9 579.1 394.2 521.9 524.1 818.5 1,190.8 1,198.3 IDA 16.0 23.3 34.0 39.3 34.9 29.5 58.5 68.1 Bilateral 457.1 1,301.3 868.2 943.0 1,067.7 355.5 1,398.7 1,340.2 Private Creditors 2.887.5 5,779.0 10,663.0 11,535.9 15,969.5 16,330.4 11,403.3 16,880.0 Suppliers 487.9 164.9 322.6 315.8 835.4 -64.2 -93.7 -8.0 Financial Markets 2,434.8 5,671.5 10,446.5 11,732.7 15,372.5 16,560.8 11,872.4 16,960.3 INTEREST PAYMENTS(INT) 972.4 2,079.3 3,367.7 4,139.9 6,064.2 9,033.7 12,778.6 15,537.9 Official Creditors 383.9 583.5 892.7 1,062.6 1,321.0 1,513.3 1,709.3 1,888.2 Multilateral 236.6 373.9 503.9 621.2 800.6 887.1 998.2 1,076.3 IBRD 167.5 264.6 335.5 386.5 484.3 566.6 635.t 671.4 IDA 1.3 1.3 1.9 2.1 2.3 2.5 3.1 3.3 Bilateral 147.3 209.7 388.8 441.4 520.4 626.3 711.1 811.9 Private Creditors 588.6 1,495.8 2,475.0 3,077.3 4,743.2 7,520.3 11,069.3 13,649.7 Suppliers 158.5 210.9 259.5 294.8 374.6 438.6 436.4 425.9 Financial Markets 409.5 1,263.2 2,110.5 2,686.8 4,294.8 6,985.4 10,565.3 13,186.3 LATIN AMERICA AND THE CARIBBEAN (US$ Mli I 1,ons) 1972 1974 1976 1977 1978 1979 1980 1S81 NET TRANSFERS 2,897.1 5,905.0 8,995.3 9,444.7 12,328.2 9,374.0 2,330.8 5,088.5 Official Creditors 598.2 1,621.7 807.3 986.0 1,101.9 564.0 1,996.8 1,858.2 Multilateral 288.5 530.2 327.9 484.4 554.7 834.7 1,309.2 1,330.0 IBRD 191.4 314.5 58.7 135.4 39.8 251.9 555.7 526.9 IDA 14.7 22.0 32.1 37.2 32.7 27.0 55.4 64.8 Bilateral 309.7 1,091.6 479.4 501.6 547.2 -270.7 687.6 528.2 Private Creditors 2,298.9 4,283.2 8,188.0 8,458.7 11,226.3 8,810.0 334.0 3,230,3 Suppliers 329.4 -46.0 63.1 21.0 460.6 -502.8 -530.1 -433.9 Financial Markets 2,025.3 4,408.3 8,336.0 9,045.9 11,077.7 9,575.4 1,307.1 3,774.0 TOTAL DEBT SERVICE(TDS) 3,071.9 5,561.7 8,087.3 11,495.4 16,373.8 25,017.5 26,871.9 29,508.8 Official Creditors 911.5 1,345.9 2,064.7 2,518.3 2,875.3 3,520.3 3,782.6 4,223.5 Multilateral 451.5 645.1 860.3 1,087.2 1,289.6 1,421.2 1,709.5 1,918.0 IBRD 293.9 432.5 552.3 674.6 775.2 888.0 1,033.2 1,182.1 IDA 1.8 2.1 3.2 3.4 3.6 4.0 4.7 5.8 Bilateral 459.9 700.8 1,204.4 1,431.0 1,585.6 2.099.1 2,073.1 2,305.5 Private Creditors 2,160.4 4,215.8 6,022.6 8,977.1 15,498.5 21,497.2 23,089.3 25,285.2 Suppliers 675.8 975.4 1,199.1 1,335.4 1,544.5 1,776.7 1,667.9 1,581.7 Financial Markets 1,426.8 3,161.4 4,596.6 7,033.5 13,641.8 19,457.9 20,978.3 23,593.7 AVERAGE TERMS . PUBLIC DEBT NEW COMMITMENTS ALL CREDITORS Interest (%) 6.9 9.2 7.5 8.0 9.4 11.2 11.6 14.2 Maturity (years) 13.0 12.3 10.3 9.2 10.2 10.3 10.5 10.1 Grace Period (years) 3.4 3.6 3.3 3.6 4.2 4.2 3.9 3.7 Grant Element (%) 15.7 5.3 11.4 8.6 3.0 -4.2 -5.5 -17.3 OFFICIAL CREDITORS Interest (%) 6.0 6.1 6.7 7.0 6.8 6.9 7.4 8.3 Maturity (years) 20.1 18.2 18.2 17.3 17.9 17.9 17.2 16.3 Grace Period (years) 5.3 4.8 5.0 4.4 4.8 5.0 Z.3 3.9 Grant Element (%) 26.2 23.9 20.5 18.4 20.6 21.1 17.8 10.5 PRIVATE CREDITORS Interest (%) 7.5 10.5 7.8 8.2 10.0 12.1 13.3 15.9 Maturity years) 8.5 9.7 7.1 7.3 8.5 8.6 8.0 8.4 Grace Period (years) 2.3 3.1 2.6 3.4 4.1 4.1 3.8 3.6 Grant Element (%) 9.2 -2.9 7.7 6.2 -0.8 -9.6 -14.4 -25.2 MAJOR ECONOMIC AGGREGATES (U.S. $ MILLIONS) Gross Nat. Product (GNP) 192,929 325,451 404,716 433,519 506,430 632,279 786,099 Exports of G. & S. (XGS) 22,547 49,224 53,376 62,656 70,230 93.883 122,375 Imports of G. & S. (MGS) 27.049 56,822 64,986 74,463 88,934 114,086 151,418 Intl. Reserves (RES) 10,545 22,338 26,110 31,749 40,552 56,310 57,095 48,932 PRINCIPAL RATIOS DOD/XGS %) 98.0 75.2 109.4 117.1 134.7 119.4 103.7 DOD/GNP % 11.4 11.4 14.4 16.9 18.7 17.7 16.1 TDS/XGS % 13.6 11.3 15.2 18.3 26.2 26.6 22.0 TDS/GNP % 1.6 1.7 2.0 2.7 3.6 4.0 3.4 INT/XGS % 4.3 4.2 6.3 6.6 8.6 9.6 10.4 INT/GNP % 0.5 0.6 0.8 1.0 1.2 1.4 1.6 RES/DOD % 47.7 60.4 44.7 43.3 42.9 50.2 45.0 33.7 RES/MGS months) 4.7 4.7 4.8 5.1 5.5 5.9 4.5 MEMORANDA Proportion of Disbursed Debt Concesslonal Loans (%) 22.7 16.1 11.6 10.2 9.0 e.i 7.8 7.2 Var. Int. Rate Loans (% 14.6 32.1 41.9 44.9 48.7 56.0 57.9 62.5 Use of IMF Credit(US$ mall 388.2 487.1 1,968.0 1,902.0 1,371.9 1,527.9 1,296.9 1,538.0 1982 1983 1984 1985 1986 1987 1988 1989 PROJECTED PUBLIC DEBT SERVICE TOTAL DEBT SERVICE 35,693.5 35,761.2 32,814.8 31,669.2 30,566.7 29,687.4 22,244.3 16,159.7 Principal 17,710.0 19,100.2 18,050.4 18,727.0 19,756.8 21,248.3 16,446.5 12,229.4 Interest 17,983.4 16,661.0 14,764.4 12,942.2 10,809.9 8,439.1 5,797.8 3,930.3 OFFICIAL CREDITORS 5,492.5 5,837.8 6,051.1 6,070.1 6,169.5 5,725.1 5,319.7 4,891.7 Principal 3.311.2 3.538.6 3,705.8 3,738.0 3,940.4 3,670.9 3,463.2 3,240.7 Interest 2,181.3 2,299.2 2,345.2 2,332.1 2,229.1 2,054.2 1,856.4 1,651.0 PRIVATE CREDITORS 30,200.9 29,923.4 25,763.7 25,599.1 24,397.2 23,962.3 16,924.7 11,268.1 Principal 14,398.8 15,561.6 14,344.6 14,989.1 15,816.4 17,577.4 12,983.2 8,988.8 Interest 15.802.2 14,361.8 12,419.2 10,610.1 8,580.8 6,384.9 3,941.4 2,279.3 146 LATIN AMERICA AND THE CARIBBEAN ((JS$ Millions) 1972 1974 1976 1977 1978 1979 1980 1S8I PRIVATE NON-GUARANTEED DEBT DEBT OUTS.DISB. ONLY 14,976.8 20,480.1 24,375.0 27,205.3 30,407.1 34,453.0 41,561.6 58,070.7 Cfficial Sources .. .. . . . Private Sources . . .. . Foreign Parent Comp. .. .. .. . .. Financial Institutions .. .. .. .. .. Suppliers .. . .. .. .. .. .. .. DISBURSEMENTS 4,165.6 7,346.7 6,091.6 7,106.8 8,018.6 9,811.5 12,974.7 21,208.4 Official Sources .. .. . .. .. .. Private Sources .. .. .. .. . . . . Foreign Parent Comp. .. .. .. .. .. .. . Financial Institutions .. .. .. .. .. .. . Suppliers .. .. .. .. .. .. . PRINCIPAL REPAYMENTS 2,090.7 3,176.4 3,979.8 4,260.5 5,459.4 5,590.0 6,182.3 7,467.1 Official Sources .. .. .. .. .. .. Private Sources .. .. .. .. .. .. Foreign Parent Comp. .. .. .. .. .. Financial Institutions .. .. .. .. .. .. . Suppliers .. .. .. .. .. .. NET FLOWS 2,074.9 4,170.3 2,111.8 2,846.3 2,559.2 4,221.5 6,792.4 13,741.3 Official Sources .. .. .. .. .. .. . Private Sources .. .. .. .. .. .. Foreign Parent Comp. .. .. .. .. .. Financial Institutions .. .. .. .. .. Suppliers .. .. .. .. .. .. . INTEREST PAYMENTS 758.4 1,743.5 1,569.9 1,756.0 2,341.0 3,354.3 4,374.6 7,144.2 Official Sources .. .. .. .. .. .. Private Sources Foreign Parent Comp. .. .. .. .. .. .. Financial Institutions .. .. .. .. .. .. . Suppliers .. .. .. .. .. . . NET TRANSFERS 1,316.5 2,426.8 541.9 1,090.3 218.2 867.2 2,417.8 6,597.1 Official Sources .. .. .. .. .. .. Private Sources .. .. .. . .. .. Foreign Parent Comp. .. .. .. .. . Financial Institutions .. .. . .. . . Suppliers .. .. .. .. .. .. .. .. TOTAL DEBT SERVICE 2,849.1 4,919.9 5,549.7 6,016.5 7,800.4 8,944.3 10,556.9 14,611.3 Official Sources .. .. .. .. .. .. . Private Sources .. .. .. .. .. .. . Foreign Parent Comp. .. .. .. .. .. .. Financial Institutions .. .. .. .. .. Suppliers .. .. .. .. .. .. . 1982 1983 1984 1985 1986 1987 1988 1989 PROJECTED NON-GUARANTEED DEBT SERVICE TOTAL DEBT SERVICE 18,409.8 17,411.4 11,404.0 10,547.9 8,979.1 7,384.0 4,944.8 2,445.6 Principal 11,288.6 11,887.5 7,241.4 7,266.5 6,556.8 5,800.2 4,030.1 2,025.0 Interest 7,121.2 5,523.9 4,162.6 3,281.4 2,422.3 1,583.8 914.7 420.6 147 LATIN AMERICA AND THE CARIBBEAN (US$ Mi 11ions) 1972 1974 1976 1977 1978 1979 1980 1981 PUBLIC AND PRIVATE DEBT DEST OUTS.DISB. ONLY 37,066.5 57,453.9 82,779.5 100,556.6 125,033.8 146,529.5 168,485.4 203,151.0 DISBURSEMENTS 10,134.6 18,813.4 23,174.2 28,046.9 38,720.6 44,203.0 42,177.4 55,805.7 PRINCIPAL REPAYMENTS 4,190.2 6,658.8 8,699.5 11,616.0 17,769.0 21,573.9 20,275.6 21,438.0 NET FLOWS 5,944.5 12,154.5 14,474.8 16,430.9 20,951.6 22,629.1 21,901.8 34,367.7 INTEREST PAYMENTS 1,730.8 3,822.8 4,937.6 5,895.9 8,405.2 12,388.0 17,153.2 22,682.1 NET TRANSFERS 4,213.6 8,331.8 9,537.2 10,535.0 12,546.4 10,241.2 4,748.6 11,685.6 TOTAL DEBT SERVICE 5,921.0 10,481.6 13,637.0 17,511.9 26,174.2 33,961.8 37,428.8 44,120.1 1982 1983 1984 1985 1985 1987 1988 1S89 PROJECTED PUBLIC AND PRIVATE DEBT SERVICE TOTAL DEBT SERVICE 54,103.3 53,172.6 44,218.8 42,217.1 39,545.8 37,071.4 27,189.1 18,605.3 PRINCIPAL 28,998.6 30,987.7 25,291.8 25,993.5 26,313.6 27,048.S 20,476.6 14,254.4 INTEREST 25,104.6 22,184.9 18,927.0 16,223.6 13,232.2 10,022.9 6,712.5 4,350.9 148 ARGENTINA (US$ Mi lions) 1972 1974 1976 1977 4978 1979 1980 1981 TOTAL DEBT OUTSTANDING DISBURSED ONLY TOTAL DEBT .. .. .. .. 9,850.0 13,996.2 16,779.8 22,671.7 Public / Publicly Guar. 2,374.6 3,247.3 4,428.5 5,032.9 6,748.0 8,557.4 10,186.8 10,505.7 Private Non-guaranteed .. .. .. .. 3,102.0 5,438.8 6,593.0 12,166.0 PUBLiC / PUBLICLY GUARANTEED DEBT DEBT OUTS. INC. UNDISB. 3,447.5 4,913.8 6,519.4 7,531.0 8,943.1 10,941.2 12,499.6 14,539.3 Official Creditors 1,249.3 1,777.3 2,262.3 2,452.1 2,698.7 3,392.6 3,198.6 3,609.8 Multilateral 759.1 752.0 1,141.3 1,482.7 1,882.8 2,436.6 2,259.7 2,827.6 IBRD 467.4 418.2 497.4 632.7 830.2 1,112.7 1,045.1 1,366.4 IDA - - - - - - - - Bilateral 490.2 1,025.3 1,121.0 969.4 1,016.0 956.0 938.9 782.1 Private Creditors 2,198.2 3,136.5 4,257.1 5,078.9 6,044.4 7,548.6 9,301.0 10,929.5 Suppliers 878.4 1,325.1 1,454.0 1,800.8 2,015.5 2,009.1 1,893.2 3,089.1 Financial Markets 1,277.8 1,788.1 2.789.6 3,265.8 4,018.2 5,530.4 7,400.4 7,834.2 DEBT OUTS. DISS. (DOD) 2,374.6 3,247.3 4,428.5 5,032.9 6,748.0 8,557.4 10,186.8 10,505.7 Official Creditors 743.1 1,086.6 1,189.3 1,267.8 1,652.5 1,870.8 1.902.8 1,913.9 Multilateral 387.6 558.6 636.8 718.3 902.1 999.4 1,087.0 1,230.7 IBRD 256.1 339.9 342.5 342.8 351.7 367.0 403.7 477.4 IDA - - - - - - - - Bilateral 355.5 528.1 552.5 549.5 750.4 871.4 815.8 683.2 Private Creditors 1,631.5 2,160.7 3,239.2 3,765.1 5,095.5 6,686.6 8,284.0 8,591.9 Suppliers 635.2 704.5 734.8 963.7 1,553.7 1.432.1 1,370.7 1,429.8 Financial Markets 954.3 1,432.9 2,491.0 2.789.1 3,531.2 5,245.4 6,905.8 7,155.9 COMMITMENTS 811.7 1,941.7 1,908.6 1,717.6 2,768.3 3,505.2 3,049.2 3,773.3 Official Creditors 179.4 519,7 448.5 480.2 486.8 685.3 185.9 698.6 Multilateral 92.1 1.2 289.9 353.4 395.9 633.5 71.2 689.6 IBRD - - 115.0 205.0 165.0 306.0 27.0 368.0 IDA - - - - - - - - Bilateral 87.3 518.5 158.6 126.8 90.9 51.8 114.7 9.0 Private Creditors 632.3 1,422.0 1,460.1 1.237.4 2,281.5 2,819.8 2,863.3 3,074.7 Suppliers 117.7 570.9 214.4 393.6 376.2 553.3 265.1 1,636.6 Financial Markets 514.7 851.1 1,245.7 843.9 1,905.2 2,266.5 2,598.2 1,438.2 DISBURSEMENTS 532.2 985.7 1,882.5 1,179.2 3,065.5 2,958.7 2,911.3 1,845.5 Official Creditors 102.0 266.7 153.9 198.7 448.0 363.3 276.1 261.9 Multilateral 58.4 127.4 63.9 97.3 197.2 150.4 207.5 254.9 IBRD 45.3 77.1 19.8 20.0 26.4 38.8 71.1 119.7 IDA - - - - - - - - Bilateral 43.6 139.3 90.0 101.4 250.9 212.9 68.6 7.0 Private Creditors 430.3 719.0 1,728.6 980.5 2,617.5 2,595.4 2,635.2 1,583.6 Suppliers 128.7 99.8 171.6 313.1 705.5 349.9 252.7 435.0 Financial Markets 301.5 619.3 1,556.9 667.4 1,912.0 2,245.5 2.382.5 1,148.6 PRINCIPAL REPAYMENTS 318.1 550.1 604.1 722.0 1,614.8 894.5 1,145.9 1,092.0 Official Creditors 73.2 73.0 113.0 155.5 111.5 130.8 218.3 192.1 Multilateral 21.5 27.2 41.7 40.9 39.9 48.5 121.2 90.5 IBRD 7.8 11.8 18.5 19.7 17.5 23.5 34.4 46.0 IDA - - - - - - - - Bilateral 51.6 45.8 71.3 114.6 71.5 82.3 97.1 101.6 Private Creditors 244.9 477.1 491.1 566.5 1,503.4 763.8 927.6 899.9 Suppliers 132.4 157.2 171.3 148.5 227.9 264.5 266.2 229.6 Financial Markets 97.4 312.1 318.2 416.4 1,273.6 497.6 659.6 669.1 NET FLOWS 214.2 435.6 1,278.4 457.2 1,450.7 2,064.2 1,765.3 753.5 Official Creditors 28.8 193.7 40.9 43.1 336.6 232.5 57.7 69.8 Multi!lateral 36.9 100.2 22.3 56.4 157.2 101.9 86.2 164.4 IBRD 37.5 65.3 1.3 0.4 8.9 15.3 36.7 73.7 IDA - - - - - - - - Bilateral -8.1 93.6 18.7 -13.3 179.4 130.6 -28.5 -94.6 Private Creditors 185.4 241.9 1,237.4 414.0 1,114.1 1,831.7 1,707.6 683.7 Suppliers -3.6 -57.4 0.3 164.5 477.5 85.4 -13.5 205.4 Financial Markets 204.2 307.2 1,238.7 251.1 638.4 1,747.9 1,722.9 479.5 INTEREST PAYMENTS(INT) 157.2 242.4 264.4 318.0 502.5 568.4 841.2 1,057.5 Official Creditors 41.5 63.3 78.0 88.8 111.2 123.7 146.0 137.0 Multilateral 27.0 40.4 52.3 64.2 87.0 87.8 97.5 95.8 IBRO 16.4 23.6 25.1 26.2 32.2 35.8 36.9 39.3 IDA - - - - - - - - Bilateral 14.5 22.9 25.7 24.6 24.3 35.9 48.5 41.2 Private Creditors 115.8 179.1 186.4 229.2 391.3 444.8 695.2 920.5 Suppliers 50.8 55.7 60.4 53.6 89.5 108.8 110.5 130.1 Financial Markets 61.8 121.8 12=.1 174.8 301.1 335.3 584.2 790.0 ARGENTINA (US$ Millions) 1972 1974 1976 1977 1978 1979 1980 1981 NET TRANSFERS 56.9 193.2 1,014.0 139.2 948.2 1,495.7 924.2 -304.1 Official Creditors -12.7 130.4 -37.1 -45.6 225.3 108.9 -88.3 -67.2 Multilateral 9.9 59.8 -30.1 -7.8 70.2 14.2 -11.3 68.6 IBRD 21.0 41.6 -23.9 -25.8 -23.3 -20.6 -0.2 34.4 IDA - - - - - - - Bilateral -22.6 70.6 -7.0 -37.8 155.1 94.7 -77.0 -135.7 Private Creditors 69.6 62.8 1,051.1 184.8 722.8 1,386.9 1,012.5 -236.9 Suppliers -54.4 -113.1 -60.1 110.9 386.1 -23.4 -124.0 75.3 Financial Markets 142.4 185.4 1,113.6 76.3 337.3 1,412.6 1,138.7 -310.5 TOTAL DEBT SERVICE(TDS) 475.3 792.5 868.5 1,040.0 2,117.4 1,463.0 1,987.1 2,149.5 Official Creditors 114.7 136.3 191.0 244.3 222.7 254.4 364.3 329.1 Multilateral 48.5 67.6 94.0 105.1 126.9 136.3 218.7 186.4 IBRD 24.3 35.4 43.6 45.9 49.7 59.3 71.3 85.3 IDA - - - - - - - - Bilateral 66.1 68.7 97.0 139.2 95.8 118.2 145.6 142.8 Private Creditors 360.7 656.2 677.5 795.7 1,894.7 1,208.5 1,622.7 1,820.4 Suppliers 183.2 212.9 231.7 202.2 317.4 373.4 376.7 359.7 Financial Markets 159.1 433.9 443.3 591.2 1,574.7 832.9 1,243.7 1,459.1 AVERAGE TERMS: PUBLIC DEBT NEW COMMITMENTS ALL CREDITORS Interest (%) 8.4 8.9 7.4 7.9 9.6 11.1 13.8 12.2 Maturity (years) 8.1 11.1 7.6 10.0 9.1 11.A 7.9 13.8 Grace Period (years) 1.8 3.2 1.9 2.6 3.2 5.0 3.9 4.5 Grant Element (%) 5.7 5.7 8.0 8.0 1.1 -6.8 -14.7 -10.4 OFFICIAL CREDITORS Interest (%) 7.6 5.6 7.1 8.1 7.8 7.2 5.6 9.2 Maturity (years) 14.9 11.4 15.2 13.8 13.7 16.9 13.9 16.0 Grace Period (years) 4.6 3.6 3.2 3.2 3.9 5.8 3.2 3.8 Grant Element (%) 13.3 18.2 14.6 8.4 11.0 16.1 21.1 4.0 PRIVATE CREDITORS Interest (%) 8.6 10.1 7.4 7.8 10.0 12.1 14.3 13.0 Maturity (years) 6.3 1l.0 5.3 8.6 8.1 10.0 7.6 13.3 Grace Period (years) 1.0 3.1 1.6 2.4 3.1 4.8 3.9 4.7 Grant Element (%) 3.6 1.1 6.1 7.8 -0.9 -12.6 -17.0 -13.8 MAJOR ECONOMIC AGGREGATES (U.S. S MILLIONS)f Gross Nat. Product (GNP) 25,190 54,711 53,378 49,824 64.349 104.741 152.154 Exports of G. & S. (XGS) 2,318 4,714 4,694 6,740 7,841 9.919 11,201 11,788 Imports of G. & S. (MGS) 2,541 4,596 4.059 5,478 6,040 10,477 16,006 15,757 Intl. Reserves (RES) 572 1t889 1,983 3,844 5,933 11,626 9,296 5,006 PRINCIPAL RATIOS DOD/XGS %) 102.4 68.9 94.3 74.7 86.1 86.3 90.9 89.1 DOD/GNP (% 9.4 5.9 8.3 10.1 10.5 8.2 6.7 TDS/XGS ¾) 20.5 1S.8 18.5 15.4 27.0 14.7 17.7 18.2 TDS/GNP % 1.9 1.4 1.6 2.1 3.3 1.4 1.3 INT/XGS (% 6.8 5.1 5.6 4.7 6.4 5.7 7.5 9.0 INT/GNP %) 0.6 0.4 0.5 0.6 0.8 0.5 0.6 RES/DOD %) 24.1 58.2 44.8 76.4 87.9 135.9 91.3 47.6 RES/MGS months) 2.7 4.9 5.9 8.4 11.8 13.3 7.0 3.8 MEMORANDA Proportion of Disbursed Debt Concessional Loans (%) 7.8 6.1 4.6 4.1 5.0 4.7 3.6 3.1 Var. Int. Rate Loans (%) 5.6 17.5 36.8 39.4 38.2 48.3 57.2 59.4 Use of IMF Credit(US$ mil) 188.9 78.4 529.3 418.5 - - - - 1982 1983 1984 1985 1986 1987 1988 1989 PROJECTED PUBLIC DEBT SERVICE TOTAL DEBT SERVICE 2,612.0 2,869.7 2,535.6 2,505.7 2,667.8 2,171.0 1,855.2 1,548.1 Principal 1,233.7 1,532.9 1,335.3 1,420.1 1,739.9 1,425.4 1,273.7 1,111.4 Interest 1,378.3 1,336.8 1,200.3 1,085.6 927.9 745.7 581.5 436.7 OFFICIAL CREDITORS 389.1 415.1 413.2 458.3 501.8 455.3 439.4 398.2 Principal 238.8 253.0 240.1 275.6 325.1 305.3 298.0 276.6 Interest 150.2 162.1 173.1 182.7 176.7 160.0 141.5 121.5 PRIVATE CREDITORS 2,222.9 2,454.6 2,122.4 2,047.5 2,166.0 1,705.7 1,415.8 1,150.0 Principal 994.9 1,279.9 1,095.2 1,144.5 1.414.8 1,120.0 975.8 834.8 Interest 1.228.0 1,174.7 1,027.2 902.9 751.2 585.7 440.0 315.2 150 ARGENTINA (uss 141 Iions) 1972 1974 1976 1077 1978 1979 1980 1981 PRIVATE NON-GUARANTEED DEBT DEBT DUTS.DISB. ONLY .. .. . .. 3,102.0 5,438.8 6,593.0 12,166.0 Official Sources Private Sources Foreign Parent Comp. Financial Institutions Suppliers DISBURSEMENTS Official Sources Private Sources Foreign Parent Comp. Financial institutions Suppliers PRINCIPAL REPAYMENTS Official Sources Private Sources Foreign Parent Comp. Financial Institutions Suppliers NET FLOWS Official Sources Private Sources Foreign Parent Comp. Financial Institutions Suppliers INTEREST PAYMENTS Official Sources Private Sources Foreign Parent Comp. Financial Institutions Suppliers NET TRANSFERS Official Sources Private Sources Foreign Parent Comp. Financial Institutions Suppliers TOTAL DEBT SERVICE Official Sources Private Sources Foreign Parent Comp. Financial Institutions Suppliers 1982 1983 1984 1985 1986 1987 1988 1989 PROJECTED NON-GUARANTEED DEBT SERVICE TOTAL DEBT SERVICE .. .. .. .. .. .. .. Principal 3,860.0 4,310.0 1,290.0 864.0 606.0 .. Interest . .. .. .. 151 ARGENTINA (US$ Mi 11 ions) 1972 1974 1976 1977 1978 1979 19B0 1981 PUBLIC AND PRIVATE DEBT DEBT OUTS.DISB. ONLY .. .. . .. 9,850.0 13,996.2 16,779.8 22,671.7 DISBURSEMENTS .. .. PRINCIPAL REPAYMENTS .. .. .. .. .. NET FLOWS .. .. .. .. . . INTEREST PAYMENTS .. .. .. .. .. .. NET TRANSFERS .. .. .. .. .. .. TOTAL DEBT SERVICE .. .. .. .. .. .. 1982 1983 1984 1985 1986 1987 1988 1989 PROJECTED PUBLIC AND PRIVATE DEBT SERVICE TOTAL DEBT SERVICE .. . .. .. .. .. .. PRINCIPAL 5,093.7 5,842.9 2,625.3 2,284.1 2,345.9 .. INTEREST .. .. .. .. .. .. 152 BAHAMAS (US$ mill ions) 1972 1974 1978 1977 1978 1979 1980 1981 TOTAL DEBT OUTSTANDING DISBURSED ONLY TOTAL DEST . .. .. Public / PuoDlicly Guar. 41.3 81.1 89.4 89.6 89.1 71.3 62.9 80.2 Private Non-guaranteed -.. .. PUBLIC / PUBLICLY GUARANTEED DEBT DEBT OUTS. INC. UNDISS. 47.5 107.4 99.6 110.6 98.6 87.0 80.4 227.6 Official Creditors 21.3 42.1 44.2 23.3 20.6 24.2 25.2 29.4 Multilateral -- 10.0 10.0 10.0 16.9 16.3 22.3 IBRO -- 10.0 10.0 10.0 9.7 9.1 15.2 IDA - - - - - - - - Bilateral 21.3 42.1 34.2 13.3 10.6 7.3 8.9 7.1 Private Creditors 26.2 65.3 55.5 87.3 78.0 62.8 55.2 198.2 Suppliers 1.1 3.5 2.7 2.3 1.9 1.5 1.0 0.4 Financial Markets 23.1 59.9 51.3 83.6 74.9 60.2 53.3 197.1 DEBT OUTS. DISB. (DOD) 41.3 81.1 89.4 89.6 89.1 71.3 62.9 80.2 Official Creditors 21.3 16.4 33.9 13.5 11.1 8.5 11.8 17.0 Multilateral - - - 0.4 0.6 1.3 7.2 10.1 IERD --- 0.4 0.6 0.9 2.8 3.9 IDA - - - - - - - - Bilateral 21.3 16.4 33.9 13.1 10.6 7.3 4.6 6.8 Private Creditors 20.0 64.8 55.5 76.1 78.0 62.8 51.2 63.2 Suppliers - 3.0 2.7 2.3 1.9 1.5 1.0 0.4 Financial Markets 18.0 59.9 51.3 72.4 74.9 60.2 49.3 62.i COMMITMENTS 12.4 44.9 10.0 41.6 - 7.2 8.4 159.6 Official Creditors - 24.3 10.0 1.9 -7.2 4.4 7.0 Multilateral - - 10.0 - -7.2 - 7.0 IBRD - 10.0 - - - 7.0 IDA - - - - --- - Bilateral - 24.3 - 1.9 - 4.4 - Private Creditors 12.4 20.6 - 39.7 --4.0 152.5 Suppliers 1.1 0.6 - - - - Financial Markets 9.3 20.0 - 39.7 - - 4.0 152.5 DISBURSEMENTS 6.2 23.6 0.6 30.8 11.3 1.0 6.5 29.4 Official Creditors - 1.7 0.6 2.3 0.1 1.0 6.5 7.9 Multilateral - - - 0.4 0.1 1.0 6.5 3.8 IBRD - -- 0.4 0.1 0.6 2.5 2.0 IDA - - - - - - - - Bilateral - 1.7 0.6 1.9 ---4.1 Private Credlitors 6.2 21.9 - 28.5 11.2 -- 21.5 Suppliers - 0.1 - - ---- Financial Markets 4.2 21.9 - 28.5 11.2 - - 21.5 PRINCIPAL REPAYMENTS 4.7 4.9 8.0 30.4 11.8 18.9 15.1 12.1 Off Icial Creditors 3.4 3.3 2.7 22.5 2.3 3.6 3.2 2.7 Multilateral - - - - - 0.3 0.6 0.9 IBRD 0.3 0.6 0.9 IDA - - - - - - - - Bilateral 3.4 3.3 2.7 22.5 2.3 3.3 2.7 1.9 Private Creditors 1.3 1.6 5.3 7.9 9.3 15.3 11.9 9.4 Suppliers - - 0.4 0.4 0.4 0.4 0.5 0.5 Financial Markets .3 1.5 4.7 7.3 8.7 14.7 11.2 8.7 NET FLOWS 1.5 18.7 -7.4 0.4 -0.3 -17.9 -8.6 17.3 Official Creditors -3.4 -1.6 -2.1 -20.2 -2.2 -2.6 3.3 5.2 Multilateral - - -0.4 0.1 0.7 5.9 3.0 1BRZD --- 0.4 0.1 0.3 1.9 1.2 IDA - - - - - - - - Bilateral -3.4 -1.6 -2.1 -20.6 -2.3 -3.3 -2.7 2.2 Private Creditors 4.8 20.3 -5.3 20.6 1.9 -15.3 -11.9 12.1 Suppliers - 0.1 -0.4 -0.4 -0.4 -0.4 -0.5 -0.5 Financial Markets 2.8 20.3 -4.7 21.2 2.5 -14.7 -11.2 12.8 INTEREST PAYMENTS(INT) 2.2 4.2 5.8 4.9 5.4 6.6 6.5 6.5 Official Creditors 1.5 1.1 2.6 2.1 0.7 0.6 0.6 0.8 Multilateral - - - 0.1 0.1 0.1 0.3 0.4 IBRD --- 0.1 0.1 0.1 0.2 0.2 IDA - - - - - - - - Bi lateral 1.5 1.1 2.6 2.0 0.6 0.5 0.3 0.4 Private Creditors 0.7 3.1 3.3 2.9 4.6 5.9 6.0 5.7 Suppliers - - - - - - 0.0 0.0 Financial Markets 0.7 3.0 3.2 2.8 4.6 5.9 5.9 5.6 153 BAHAMAS (I'JSS Millions) 1972 1974 1976 1977 1978 1979 1980 1981 NET TRANSFERS -0.7 14.5 -13.2 -4.6 -5.7 -24.5 -15.2 10.8 Official Creditors -4.8 -2.7 -4.7 -22.3 -2.9 -3.2 2.7 4.4 Multilateral - - - 0.4 0.0 0.5 5.7 2.6 IBRO - - - 0.4 0.0 0.2 1.7 0.9 IDA - - - - - - - Bilateral -4.8 -2.7 -4.7 -22.7 -2.9 -3.8 -2.9 1.8 Private Creditors 4.1 17.2 -8.6 17.7 -2.7 -21.2 -17.9 6.4 SJjppliers - 0.1 -0.4 -0.4 -0.4 -0.4 -0.5 -0.5 Financial Markets 2.1 17.3 -7.9 18.4 -2.1 -20.6 -17.1 7.2 TOTAL DEBT SERVICE(TDS) 6.9 9.1 13.8 35.4 17.0 25.5 21.7 18.6 Official Creditors 4.8 4.4 5.3 24.6 3.0 4.2 3.8 3.5 Multilateral - - - 0.1 0.1 0.4 0.9 1.2 IBRD - - - 0.1 0.1 0.4 0.8 1.1 IDA - - - - - - - - Bilateral 4.8 4.4 5.3 24.5 2.9 3.8 2.9 2.3 Private Creditors 2.0 4.7 8.6 10.8 i3.9 21.2 17.9 15.1 Suppliers - - 0.4 0.4 0.4 0.4 0.5 0.5 Financial Markets 2.0 4.5 7.9 10.1 13.3 20.6 17.1 14.3 AVERAGE TERMS: PUBLIC DEBT NEW COMMITMENTS ALL CREDITORS Interest (%) 6.7 10.0 8.9 8.3 - 7.5 9.4 19.6 Maturity years) 15.5 11.0 19.5 7.8 - 19.2 11.0 10.5 Grace Per-.od (years) 4.3 2.7 3.0 1.8 - 4.8 4.1 3.8 Grant Element (%) 18.2 -4.9 5.5 5.8 - 14.3 2.0 -49.2 OFFICIAL CREDITORS Interest (%) - 6.0 8.9 9.0 - 7.5 8.4 9.6 Maturity (years) - 7.3 19.5 4.0 - 19.2 10.1 15 6 Grace Period (years) - 2.9 3.0 2.5 - 4.8 5.6 3.1 Grant Element (%) - 14.7 5.5 2.1 - 14.3 7.4 0.9 PRIVATE CREDITORS Interest i%) 6.7 14.8 - 8.2 - - 10.6 20.1 Maturity (years) 15.5 15.3 - 8.0 - - 12.0 10.3 Grace Period (years) 4.3 2.5 - 1.8 - - 2.5 3.9 Grant Element (%) 18.2 -28.1 - 5.9 - - -3.9 -51.4 MAJOR ECONOMIC AGGREGATES (U.S. $ MILLIONS) Gross Nat. Product (GNP) 400 428 435 483 525 635 727 783 Exports of G. & S. (XGS .. 696 686 704 827 936 1.157 1,154 Imports of G. & S. (MGS .. 801 610 647 798 942 1,188 1,243 Intl. Reserves (RES) 37 50 47 68 61 86 92 100 PRINCIPAL RATIOS DOD/XGS % .. 11.7 13.0 12.7 10.8 7.6 5.4 6.9 DOD/GNP % 10.3 18.9 20.6. 18.6 17.0 11.2 8.7 10.2 TDS/XGS OX .. 1.3 2.0 5.0 2.1 2.7 1.9 1.6 TDS/GNP ( 1.7 2.1 3.2 7.3 3.2 4.0 3.0 2.4 INT/XGS % .. 0.6 0.8 0.7 0.6 0.7 0.6 0.6 INT/GNP % 0.5 1.0 1.3 1.0 1.0 1.0 0.9 0.8 RES/DOD (% 89.7 61.4 53.1 76.4 68.4 121.0 146.3 125.0 RES/MGS (months) . 0.7 0.9 1.3 0.9 1.1 0.9 1.0 MEMORANDA Proportion of Disbursed Debt Concessional Loans (%) - - - - - - - - Var. Int. Rate Loans (%) 20.6 64.6 51.2 75.9 80.5 81.8 76.9 74.0 Use of IMF Credit(US$ mill - - - - - - - - 1982 1983 1984 1985 1986 1987 1988 1989 PROJECTED PUBLIC DEBT SERVICE TOTAL DEBT SERVICE 32.2 29.0 29.0 51.5 50.3 47.4 43.3 38.6 Principal 15.9 8.9 6.2 27.5 27.7 27.5 27.4 27.0 Interest 16.3 20.1 22.8 24.0 22.6 19.9 15.9 11.7 OFFICIAL CREDITORS 2.6 3.2 3.5 3.5 4.3 4.1 3.9 3.7 Principal 1.2 1.6 1.7 1.7 2.5 2.5 2.5 2.5 Interest 1.4 1.6 1.8 1.9 1.8 1.6 1.4 1.2 PRIVATE CREDITORS 29.7 25.8 25.5 48.0 46.0 43.2 39.4 34.9 Principal 14.7 7.3 4.6 25.8 25.2 24.9 24.9 24.4 Interest 14.9 18.5 20.9 22.2 20.8 18.3 14.6 10.5 154 BARBADOS (US$ Millions) 1972 1974 1976 1977 1978 1979 1980 1381 TOTAL DEBT OUTSTANDING DISBURSED ONLY TOTAL DEBT .. .. .. .. .. Public / Publicly Guar. 7.8 27.0 39.8 55.4 69.4 74.3 88.1 145.3 Provate Non-guaranteed . . .. .. .. .. .. PUBLIC / PUBLICLY GUARANTEED DEBT DEBT OUTS. INC. UNDISB. 12.1 42.3 71.6 89.8 111.7 133.3 160.6 304.2 Official Creditors 5.5 19.0 50.3 70.1 86.1 112.2 143.5 191.3 Multilateral 1.0 3.8 22.9 35.6 52.8 77.7 110.6 135.7 IBRD - - - - 9.0 17.0 27.0 33.0 IDA - - - - - - - - Bilateral 4.5 15.2 27.3 34.5 33.3 34.5 32.9 55.6 Private Creditors 6.6 23.3 21.4 19.7 25.6 21.1 17.0 112.9 Suppliers - 1.8 1.2 1.0 0.6 0.3 0.1 - Financial Markets 6.6 21.5 20.1 18.8 25.0 20.8 16.9 112.9 DEBT OUTS. DISB. (DOD) 7.8 27.0 39.8 55.4 69.4 74.3 88.1 145.3 Official Creditors 1.2 4.8 19.0 35.9 43.8 53.2 72.0 97.2 Multilateral - 0.4 2.6 9.8 14.7 24.0 40.4 63.4 IBRD - - - - - 0.0 0.9 4.5 IDA - - - - - - - Bilateral 1.2 4.4 16.4 26.2 29.2 29.2 31.6 33.8 Private Creditors 6.6 22.2 20.9 19.5 25.6 21.1 16.1 48.1 Suppliers - 0.7 1.2 1.0 0.6 0.3 0.1 - Financial Markets 6.6 21.5 19.6 18.5 25.0 20.8 16.0 48.1 COMMITMENTS 2.7 1.1 11.0 28.2 28.9 28.6 35.8 153.6 Official Creditors 2.7 - 9.5 22.5 18.9 28.6 34.2 51.7 Multilateral 1.0 - 9.5 12.5 17.3 24.8 34.1 27.0 IBRD - - - - 9.0 8.0 10.0 6.0 IDA - - - - - - Bilateral 1.7 - - 10.0 1.6 3.8 0.1 24.7 Private Creditors - 1.1 1.5 5.7 10.0 - 1.6 101.8 Suppliers - 1.1 - - - - - Financial Markets - - 1.5 5.7 10.0 - 1.6 101.8 DISBURSEMENTS 0.9 2.5 7.7 24.4 20.1 12.1 22.2 65.3 Official Creditors 0.9 2.4 6.2 18.5 9.9 12.1 21.5 27.5 Multilateral - 0.4 2.2 6.9 4.4 9.2 17.4 23.9 IBRO - - - - 0.0 0.8 3.6 IDA - - - - - - - - Bilateral 0.9 2.1 4.1 11.6 5.5 2.8 4.1 3.6 Private Creciitors - 0.0 1.5 6.0 10.2 0.0 0.7 37.8 Suppliers - 0.0 0.5 - - - - - Financial Markets - - 1.0 6.0 10.2 0.0 0.7 37.8 PRINCIPAL REPAYMENTS 6.5 1.2 2.0 7.6 5.3 7.7 7.5 7.1 Official Creditors - - 0.1 0.8 1.2 3.1 1.8 1.8 Multilateral - - 0.0 0.1 0.1 0.1 0.5 0.5 IBRD - - - - - - - - IDA - - - - - - - - Bilateral - - 0.1 0.7 1.1 3.1 1.3 1.2 Private Creditors 6.5 1.2 1.8 6.8 4.1 4.6 5.7 5.3 Suppliers - 0.2 0.3 0.4 0.4 0.3 0.3 0.1 Financial Markets 6.5 1.0 1.5 6.5 3.7 4.3 5.4 5.2 NET FLOWS -5.5 1.3 5.8 16.9 14.8 4.4 14.7 58.2 Official Creditors 0.9 2.4 6.1 17.7 8.7 8.9 19.7 25.7 Multilateral - 0.4 2.2 6.8 4.3 9.2 16.8 23.4 IBRD - - - - - 0.0 0.8 3.6 IDA - - - - - - - - Bilateral 0.9 2.1 3.9 10.9 4.4 -0.3 2.9 2.3 Private Creditors -6.5 -1.2 -0.3 -0.9 6.1 -4.6 -5.0 32.5 Suppliers - -0.1 0.2 -0.4 -0.4 -0.3 -0.3 -0.1 Financial Markets -6.5 -1.0 -0.5 -0.5 6.5 -4.3 -4.7 32.6 INTEREST PAYMENTS(INT) 0.7 2.6 2.0 2.0 3.8 5.7 5.9 9.7 Official Creditors - 0.1 0.3 0.8 2.2 2.6 2.5 6.4 Multilateral - 0.0 0.2 0.3 0.8 1.1 1.7 5.7 IBRD - - - - - 0.0 0.2 0.3 IDA - - - - - - - - Bilateral - 0.1 0.2 0.4 1.4 1.5 0.8 0.7 Private Creditors 0.7 2.4 1.7 1.2 1.6 3.1 3.3 3.3 Suppliers - 0.1 0.1 0.0 0.0 0.0 0.0 - Financial Markets 0.7 2.3 1.6 1.2 1.6 3.0 3.3 3.3 155 BARBADOS (US$ Millions) 1972 1974 1976 1977 1978 1979 1980 1981 NET TRANSFERS -6.3 -1.3 3.8 14.9 11.0 -1.3 8.8 48.5 Official Creditors 0.9 2.3 5.8 16.9 6.5 6.3 17.2 19.3 Multilateral - 0.3 2.0 6.5 3.5 8.0 15.2 17.7 IBRD - - - - - 0.0 0.7 3.3 IDA - - - - - - Bilateral 0.9 2.0 3.8 10.5 3.0 -1.7 2.0 1.6 Private Creditors -7.2 -3.6 -2.0 -2.0 4.5 -7.6 -8.4 29.2 Suppliers - -0.2 0.1 -0.4 -0.4 -0.3 -0.3 -0.1 Financial Markets -7.2 -3.4 -2.0 -1.6 4.9 -7.3 -8.1 29.3 TOTAL DEBT SERVICE(TDS) 7.2 3.8 3.9 9.5 9.1 13.4 13.4 16.7 Official Creditors - 0.1 0.5 1.5 3.4 5.7 4.3 8.2 Multilateral - 0.0 0.2 0.4 0.9 1.2 2.2 6.2 IBRO - - - - - 0.0 0.2 0.3 IDA - - - - - - - - Bilateral - 0.1 0.3 1.1 2.5 4.6 2.1 2.0 Private Creditors 7.2 3.7 3.5 8.0 5.7 7.6 9.1 8.5 Suppliers - 0.3 0.4 0.4 0.4 0.3 0.3 0.1 Financial Markets 7.2 3.4 3.0 7.6 5.3 7.3 8.7 8.5 AVERAGE TERMS: PUBLIC DEBT NEW COMMITMENTS ALL CREDITORS Interest (%) 1.5 6.9 2.6 5.2 8.3 6.0 6.2 10.6 Maturity years) 34.9 6.8 31.2 17.1 13.4 18.1 18.8 14.3 Grace Period (years) 5.1 0.8 7.5 4.9 3.6 5.3 4.5 3.6 Grant Element (%) 66.7 8.3 58.9 30.2 10.1 26.5 23.7 -0.2 OFFICIAL CREDITORS Interest (%) 1.5 - 2.0 4.4 7.1 6.0 6.1 7.3 Maturity years) 34.9 - 35.0 19.3 16.8 18.1 19.3 20.4 Grace Period (years) 5.1 - 8.5 5.5 4.5 5.3 4.6 4.5 Grant Element (%) 66.7 - 66.5 36.7 17.1 26.5 24.7 18.7 PRIVATE CREDITORS Interest () - 6.9 6.4 8.6 10.7 - 9.0 12.3 Matur'ty years) - 6.8 6.9 8.3 7.0 - 9.3 11.1 Grace Period (years) - 0.8 1.4 2.4 2.0 - 2.3 3.1 Grant Element (%) - 8.3 11.0 4.9 -3.3 - 4.0 -9.9 MAJOR ECONOMIC AGGREGATES (U.S. $ MILLIONS) Gross Nat. Product (GNP) 204 301 438 494 554 664 823 920 Exports of G. & S. (XGS 125 190 210 260 330 441 572 Imports of G. & S. (MGS 175 245 287 327 377 497 620 Intl. Reserves (RES) 28 39 28 37 60 66 79 101 PRINCIPAL RATIOS DOD/XGS % 6.2 14.2 18.9 21.3 21.1 16.8 15.4 DOD/GNP % 3.8 9.0 9.1 11.2 12.5 11.2 10.7 15.8 TDS/XGS % 5.7 2.0 1.9 3.7 2.8 3.0 2.3 TDS/GNP % 3.5 1.3 0.9 1.9 1.6 2.0 1.6 1.8 INT/XGS % 0.6 1.3 0.9 0.8 1.1 1.3 1.0 INT/GNP % 0.4 0.8 0.5 0.4 0.7 0.9 0.7 1.1 RES/DOD % 359.4 144.8 70.3 66.7 86.2 89.0 89.6 69.2 RES/MGS months) 1.9 1.9 1.2 1.4 1.9 1.6 1.5 MEMORANDA Proportion of Disbursed Debt Concessional Loans (%) 15.4 17.7 22.5 20.2 25.5 34.2 40.6 34.0 Var. Int. Rate Loans (%) - 66.5 40.3 33.4 36.0 27.9 18.2 28.1 Use of IMF Credit(US$ mil) - - - 7.9 8.5 8.6 2.9 0.9 1982 1983 1984 1985 1986 1987 1988 1989 PROJECTED PUBLIC DEBT SERVICE TOTAL DEBT SERVICE 29.0 32.5 37.1 40.0 42.4 39.7 38.1 35.3 Principal 14.6 13.5 17.7 21.4 25.5 24.9 25.7 25.4 Interest 14.3 19.0 19.4 18.6 16.9 14.8 12.4 9.9 OFFICIAL CREDITORS 16.9 13.7 16.6 18.4 18.9 18.9 19.1 18.2 Principal 10.7 6.4 8.5 10.1 10.8 11.2 12.1 11.9 Interest 6.3 7.3 8.1 8.3 8.1 7.7 7.0 6.3 PRIVATE CREDITORS 12.0 18.7 20.5 21.6 23.5 20.8 18.9 17.1 Principal 4.0 7.1 9.2 11.3 14.7 13.7 13.6 13.5 Interest 8.1 11.6 11.3 10.4 8.8 7.1 5.4 3.6 156 BOLIVIA (LUS$ Millions) 1972 1974 1976 1977 1978 1979 1980 1981 TOTAL DEBT OUTSTANDING DISBURSED ONLY TOTAL DEBT .. .. Public / Publicly Guar. 618.3 696.0 1,023.8 1,375.3 1,649.4 1,828.0 2.124.4 2,421.9 Private Non-guaranteed .. . .. .. .. .. .. . PUBLIC / PUBLICLY GUARANTEED DEBT DEBT OUTS. INC. UNDISB. 743.6 906.1 1,S07.8 2,014.0 2,371.3 2,763.5 2,943.9 3,009.5 Official Creditors 465.4 588.3 968.9 1,168.2 1,434.9 1,685.0 1,821.6 1,835.5 Multilateral 90.9 138.8 386.8 463.3 625.4 774.6 893.8 882.0 IBRD 23.3 20.7 114.9 206.3 232.8 231.5 278.9 275.0 IDA 42.5 57.5 64.6 64.4 73.2 92.5 108.2 107.6 Bilateral 374.5 449.6 582.1 704.9 809.6 910.4 927.8 953.6 Private Creditors 278.1 317.7 638.9 845.8 936.3 1,078.5 1,122.3 1,174.1 Suppliers 75.9 72.4 126.9 136.9 130.2 158.4 141.4 108.1 Financial Markets 116.2 183.8 472.6 686.2 798.8 920.1 980.9 1,066.0 DEBT OUTS. DISB. (DOD) 618.3 696.0 1,023.8 1,375.3 1,649.4 1,828.0 2,124.4 2,421.9 Official Creditors 381.8 441.5 565.3 690.9 842.9 955.9 1,130.8 1,322.7 Multilateral 71.0 86.2 133.7 196.3 281.7 361.8 488.1 556.8 I8RD 23.0 20.7 31.3 51.7 74.5 105.3 175.3 202.7 IDA 25.6 40.9 53.4 57.1 59.1 62.3 63.8 78.3 Bilateral 310.8 355.2 431.6 494.7 561.2 594.1 642.8 764.0 Private Creditors 236.5 254.5 458.5 684.3 806.5 872.1 993.6 1,099.2 Suppliers 41.1 41.0 59.8 90.9 112.9 133.0 120.6 92.9 Financial Markets 109.3 152.0 359.2 570.8 686.2 739.1 872.9 1,008.3 COMMITMENTS 156.1 187.6 449.2 505.9 596.0 547.6 365.0 222.7 Official Creditors 82.9 102.8 190.1 236.4 278.6 297.7 207.0 122.5 Multilateral 11.2 41.2 135.4 101.6 165.0 152.1 128.8 - IBRD - - 68.0 92.0 34.0 - 50.0 - IDA 8.0 6.2 - - 9.0 19.5 16.0 - Bilateral 71.7 61.5 54.7 134.8 113.6 145.e 78.1 122.5 erivate Creditors 73.2 84.8 259.1 269.5 317.3 249.9 158.0 100.2 Suppliers 40.2 13.5 39.2 17.5 8.3 70.0 6.5 19.7 Financial Markets 33.1 71.3 219.9 252.0 309.0 179.9 151.5 80.5 DISBURSEMENTS 122.5 111.0 288.2 436.3 516.1 321.8 439.1 336.9 Official Creaitors 79.9 53.1 116.6 142.2 164.1 156.5 226.6 290.8 Multilateral 17.0 11.4 32.0 64.3 85.4 82.7 135.4 82.3 IBRD 7.7 - 12.3 21.0 24.1 32.1 72.6 31.3 IDA 2.1 10.6 4.1 3.9 2.2 3.5 1.8 14.9 Bilateral 62.9 41.7 84.6 78.0 78.6 73.8 91.2 208.5 Private Creditors 42.6 57.8 171.6 294.1 352.0 165.3 212.5 46.1 Suppliers 10.8 9.4 15.8 42.5 33.0 51.9 14.3 4.3 Financial Markets 31.8 48.5 155.8 251.6 319.0 113.4 198.2 41.8 PRINCIPAL REPAYMENTS 28.5 50.8 66.5 95.6 266.9 142.5 116.9 100.0 Official Creditors 7.9 16.7 24.4 24.1 26.8 39.8 39.7 40.0 Multilateral 1.4 2.8 3.9 2.7 3.5 3.4 6.3 10.3 IBRD - 1.9 1.9 0.6 1.3 1.3 2.6 3.9 IDA - 0.1 0.2 0.2 0.2 0.2 0.3 0.4 Bilateral 6.5 14.0 20.4 21.4 23.3 36.4 33.3 29.7 Private Creditors 20.6 34.0 42.1 71.5 240.1 102.7 77.3 60.0 Suppliers 6.3 9.5 15.3 12.9 17.0 31.5 22.7 22.4 Financial Markets 10.7 8.5 17.2 41.8 207.8 63.8 54.6 37.6 NET FLOWS 93.9 60.2 221.7 340.7 249.3 179.3 322.2 236.9 Official Creditors 72.0 36.4 92.2 118.1 137.3 116.7 186.9 250.8 Multilateral 15.6 8.7 28.1 61.5 81.9 79.3 129.1 72.1 IBRD 7.7 -1.9 10.4 20.3 22.8 30.8 70.0 27.4 IDA 2.1 10.6 3.9 3.7 2.0 3.3 1.5 14.5 Bilateral 56.4 27.7 64.2 56.6 55.4 37.4 57.8 178.8 Private Creditors 21.9 23.8 129.5 222.6 111.9 62.6 135.2 -14.0 Suppliers 4.4 -0.1 0.5 29.6 16.0 20.4 -8.4 -18.1 Financial Markets 21.1 39.9 138.6 209.8 111.3 49.7 143.6 4.2 INTEREST PAYMENTS(INT) 11.6 17.3 36.9 57.2 83.6 116.2 157.2 178.6 Official Creditors 6.9 8.8 13.2 19.0 26.0 30.7 39.4 50.7 Multilateral 2.6 4.0 6.1 8.6 13.2 16.8 20.9 26.5 IBRO 1.1 1.5 1.9 3.2 5.9 8.5 10.3 14.6 IDA 0.2 0.3 0.4 0.4 0.4 0.4 0.5 0.5 Bilateral 4.3 4.7 7.2 10.4 12.8 13.9 18.5 24.2 Private Creditors 4.7 8.5 23.7 38.1 57.6 85.4 117.7 127.9 Suppliers 1.2 2.6 4.1 4.1 5.6 8.6 12.4 7.9 Financial Markets 3.5 5.8 19.6 34.0 52.0 76.9 105.4 120.0 157 BOLIVIA (US$ Mill ions) 1972 1974 1976 1977 19,8 1979 1980 1981 NET TRANSFERS 82.4 42.9 184.8 283.5 165.7 63.1 165.0 58.3 Official Creditors 65.1 27.6 79.0 99.1 11i.3 85.9 147.5 200.2 Multilateral 13.0 4.7 22.0 52.9 68.8 62.4- 108.2 45.6 IBRO 6.6 -3.4 8.4 17.1 16.9 22.3 59.7 12.8 IDA 1.9 10.3 3.5 3.3 1.5 2.8 1.0 14.0 Bilateral 52.i 23.0 57.0 46.1 42.6 23.5 39.3 154.6 Private Creditors 17.2 15.3 105.8 184.4 54.3 -22.8 17.5 -141.9 Suppliers 3.3 -2.8 -3.6 25.4 10.4 11.8 -20.8 -26.1 Financial MarKets 17.6 34.1 119.0 175.8 59.2 -27.2 38.3 -115.9 TOTAL DEBT SERVICE(TDS) 40.1 68.1 103.4 152.8 350.5 258.7 274.1 278.6 Official Creditors 14.8 25.5 37.6 43.1 52.8 70.6 79.1 90.7 Multilateral 4.0 6.8 10.0 11.3 16.7 20.2 27.2 36.8 IBRD 1.1 3.4 3.8 3.8 7.2 9.8 12.9 18.5 IDA 0.2 0.3 0.6 0.6 0.6 0.7 0.8 0.9 Bilateral 10.8 18.7 27.6 31.8 36.1 50.3 51.9 53.9 Private Creditors 25.3 42.6 65.8 109.6 297.7 188.1 195.0 188.0 Suppliers 7.5 12.1 19.4 17.0 22.6 40.1 35.1 30.4 Financial Markets 14.2 14.4 36.8 75.8 259.8 140.6 159.9 157.6 AVERAGE TERMS: PUBLIC DEBT NEW COMMITMENTS ALL CREDITORS Interest (%) 5.0 6.2 7.1 7.4 7.2 6.2 9.8 12.0 Maturity years) 18.9 24.6 14.8 13.1 15.7 21.8 13.5 10.2 Grace Period (years) 4.2 6.7 3.9 3.6 4.4 5.7 3.8 2.4 Grant Element (%) 31.7 34.8 18.3 14.2 19.2 32.4 9.1 -1.9 OFFICIAL CREDITORS Interest (%) 2.7 2.0 5.0 6.2 4.6 2.9 7.0 8.0 Maturity years) 28.7 37.9 26.5 19.3 25.7 32.1 19.6 14.0 Grace Period (years) 6.2 10.6 6.5 4.5 6.8 8.4 5.2 2.5 Grant Element (%) 52.7 69.2 38.5 23.7 40.4 57.7 24.1 9.4 PRIVATE CREDITORS Interest (%) 7.5 11.1 8.6 8.3 9.4 10.9 13.4 16.9 Maturity (years) 8.4 9.1 6.4 7.7 7.5 7.4 5.5 5.5 Grace Period (years) 2.0 2.2 2.0 2.7 2.5 2.0 2.1 2.3 Grant Element (%) 9.1 -5.4 3.9 6.1 1.6 -3.1 -10.5 -15.8 MAJOR ECONOMIC AGGREGATES (U.S. $ MILLiONS) Gross Nat. Product GNP) 1,280 2,151 2,849 3,262 3,920 4,849 5,839 7,600 Exports of G. & S. XGS 223 598 636 700 705 857 1,058 1,034 Imports of G. & S. MGS 240 474 704 833 1,062 1,267 1,233 1,351 Intl. Reserves (RES) 71 252 207 310 315 528 553 429 PRINCIPAL RATIOS DOD/XGS (%) 277.3 116.4 160.9 196.5 233.9 213.2 200.7 234.2 DOD/GNP %) 48.3 32.4 35.9 42.2 42.1 37.7 36.4 31.9 TDS/XGS % 18.0 11.4 16.3 21.8 49.7 30.2 25.9 26.9 TDS/GNP % 3.1 3.2 3.6 4.7 8.9 5.3 4.7 3.7 INT/XGS % 5.2 2.9 5.8 8.2 11.9 13.6 14.8 17.3 INT/GNP % 0.9 0.8 1.3 1.8 2.1 2.4 2.7 2.4 RES/DOD % 11.4 36.2 20.2 22.6 19.1 28.9 26.0 17.7 RES/MGS months) 3.5 6.4 3.5 4.5 3.6 5.0 5.4 3.8 MEMORANDA Proportion of Disbursed Debt Concessional Loans (%) 47.2 50.1 41.4 35.1, 34.7 34.5 33.0 30.2 Var. Int. Rate Loans (%) 0.7 6.8 20.6 29.0 30.0 29.4 32.1 35.2 Use of I.MF Credit(US$ mil)! 8.6 17.5 - - 19.5 19.8 80.4 71.2 1982 1983 1984 1985 1986 1987 1988 1989 PROJECTED PUBLIC DEBT SERVICE TOTAL DEBT SERVICE 548.0 537.9 477.7 313.9 226.4 207.4 177.6 154.1 Principal 349.5 371.7 348.7 221.1 151.4 142.4 122.1 104.2 Interest 198.5 166.2 129.0 92.8 75.0 65.0 55.5 49.9 OFFICIAL CREDITORS 134.7 142.6 159.7 160.4 153.7 149.3 144.7 134.4 Principal 77.5 79.5 92.9 97.6 95.9 95.4 95.3 88.7 Interest 57.2 63.1 66.8 62.8 57.8 53.9 49.4 45.7 PRIVATE CREDITORS 413.3 395.3 318.0 153.5 72.7 58.1 32.9 19.7 Principal 272.0 292.2 255.7 123.5 55.5 47.0 26.8 15.5 Interest 141.3 103.1 62.2 30.0 17.2 11.1 6.1 4.2 158 BRAZiL (US$ Mi i!ions) 1972 1974 1976 1977 1978 1979 1ss0 1961 TOTAL DEBT OUTSTANDING DISBURSED ONLY TOTAL DEBT 9,978.6 19,114.1 28,776.9 35,120.0 46,467.6 51,486.0 55,759.1 63,790.5 Public / Publicly Guar. 5,739.8 10,932.2 17,643.6 22,114.2 30,315.8 35,621.9 39,153.8 43,998.9 Private Non-guaranteed 4.238.8 8,181.9 11,133.3 13,005.8 16,151.8 15,864.1 16,605.3 19,791.6 PUBLIC / PUBLICLY GUARANTEED DEBT DEBT OUTS. INC. UNDISB. 8,088.8 13,968.0 24,120.5 29,712.9 39,716.7 46,893.3 51,566.8 58,127.5 Official Creditors 4,078.3 5,475.7 7,904.5 8,862.3 10,397.4 11,219.8 12,269.4 13,333.8 Multilateral 1,890.2 2,435.3 3,642.6 4,175.9 5,061.4 5,742.7 6,525.6 7,540.2 IBRD 1,341.8 1,625.2 2,554.2 2,765.1 3,366.4 3,952.1 4,584.8 5,456.8 IDA - - - - - - - - Bilateral 2,188.1 3,040.4 4,261.9 4,686.4 5,336.0 5,477.2 5,743.8 5,793.6 Private Creditors 4,010.5 8,492.3 16,216.1 20,850.6 29,319.3 35,673.4 39,297.4 44,793.7 Suppliers 1,089.6 1,398.6 2,303.1 2,526.3 3,062.9 4,189.3 4,184.4 3,644.3 Financial Markets 2,734.1 6,921.7 13,753.2 18,109.7 26,055.4 31,297.2 34,941.5 40,991.2 DEBT OUTS. DISE. (DOD) 5,739.8 10,932.2 17,843.6 22,114.2 30,315.8 35,621.9 39,153.8 43,998.9 Official Creditors 2,372.4 3,473.1 4,566.7 5,105.4 5,822.8 6,160.8 6,800.9 7,223.9 Multilateral 731.7 1,263.2 1,775.2 2,054.0 2,385.2 2,756.4 3,106.0 3,446.5 IBRD 484.6 871.4 1,217.3 1,413.2 1,601.6 1,826.7 2,068.9 2,318.6 IDA - - - - - - - Bilateral 1,640.8 2,209.9 2,791.4 3,051.4 3,437.6 3,404.4 3,694.9 3,785.4 Private Creditors 3,367.3 7,459.0 13,077.0 17,008.8 24,493.0 29,461.1 32,352.9 36,767.0 Suppliers 741.1 973.4 1,164.3 1,548.8 1.989.3 1,756.4 1,646.0 1,261.6 Financial Markets 2,439.4 6,313.6 11,752.8 15,245.4 22,302.7 27,517.8 30,535.4 35,347.3 COMMITMENTS 2,592.1 4,089.9 7,531.8 6,362.8 10,776.5 11,465.9 8,982.8 12,024.9 Official Creditors 1,040.8 881.9 1,970.7 1,120.4 1,505.6 1,356.4 1,850.4 2,120.6 Multilateral 681.0 343.3 640.0 687.8 967.4 870.1 1,088.9 1,314.4 IBRD 454.7 140.5 486.0 319.0 688.0 674.0 820.0 1,039.0 IDA - - - - - - - - Bilateral 359.8 538.6 1,330.7 432.6 538.1 486.3 761.5 806.3 Private Creditors 1,551.3 3,208.0 5,561.1 5,242.4 9,270.9 10,109.5 7,132.3 9,904.3 Suppliers 344.6 340.5 587.2 225.4 501.2 1,837.0 128.3 1.0 Financial Markets 1,206.7 2,867.5 4,973.9 5,017.0 8,769.7 8,272.5 7,004.0 9,903.3 DISBURSEMENTS 2,155.9 3,755.6 4,978.3 5,648.3 9,626.7 9,511.9 7,406.6 9,131.0 Official Creditors 384.0 898.4 703.5 793.2 900.1 845.7 1,165.2 1.080.4 Multilateral 230.2 385.5 284.2 391.3 411.4 507.6 534.8 576.0 IBRD 161.6 247.3 172.7 298.8 274.9 301.6 343.2 387.0 IDA - - - - - - - - Bilateral 153.8 512.9 419.3 402.0 488.8 338.1 630.4 504.4 Private Creditors 1,771.9 2,857.2 4,274.8 4,855.1 8,726.5 8,666.2 6,241.4 8,050.6 Suppliers 360.2 219.5 458.8 492.1 531.6 307.5 145.2 27.9 Financial Markets 1,411.7 2,637.7 3,816.0 4,363.0 8,195.0 8,358.7 6,096.2 8,022.6 PRINCIPAL REPAYMENTS 417.4 633.7 1,084.0 1,676.0 2,628.3 3,600.0 3,824.0 3,616.8 Official Creditors 102.8 136.4 260.5 363.6 373.2 -428.1 511.5 555.0 Multilateral 44.3 46.9 83.0 146.4 132.1 131.9 166.8 202.5 IBRD 24.6 22.7 48.4 103.0 86.4 76.5 101.0 137.3 IDA - - - - - - - - Bilateral 58.5 89.5 177.5 217.2 241.1 296.2 344.7 352.4 Private Creditors 314.6 497.3 823.5 1,312.4 2,255.1 3,171.8 3.312.5 3,061.8 Suppliers 74.5 150.5 198.1 230.3 294.2 408.8 324.7 289.6 Financial Markets 233.1 339.5 618.8 1,069.0 1,947.3 2,749.0 2,972.3 2,758.9 NET FLOWS 1,738.5 3,121.9 3,894.3 3,972.3 6,998.4 5,911.9 3,582.6 5,514.2 Official Creditors 281.2 762.0 443.0 429.6 526.9 417.6 653.7 525.4 Multilateral 185.9 338.5 201.3 244.8 279.3 375.7 367.9 373.5 IBRD 137.0 224.5 124.2 195.9 188.5 225.1 242.2 249.7 IDA - - - - - - - - Bilateral 95.3 423.5 241.7 184.8 247.7 41.8 285.8 152.0 Private Creditors 1,457.4 2,359.9 3,451.3 3,542.7 6,471.5 5,494.4 2,928.9 4,988.7 Suppliers 285.7 69.0 260.7 261.8 237.4 -101.3 -179.5 -261.6 Financial Markets 1,178.6 2,298.2 3,197.2 3,294.0 6,247.7 5,609.7 3,123.9 5,263.7 INTEREST PAYMENTS(INT) 220.7 591.0 960.2 1,203.0 1,848.2 2,S20.9 4,199.5 4,999.3 Official Creditors 84.3 137.2 227.8 283.4 328.8 389.8 439.4 484.2 Multilateral 43.3 80.8 132.5 167.1 212.9 235.0 254.5 267.0 IBRD 27.3 55.3 88.9 107.4 137.6 163.8 178.8 184.6 IDA - - - - - - - - Bilateral 40.9 56.5 95.3 116.3 115.9 154.8 184.9 217.2 Private Creditors 136.5 453.8 732.4 919.7 1,519.4 2,531.0 3,760.0 4,515.1 Suppliers 28.2 54.1 59.3 80.6 112.4 127.4 113.9 112.9 Financial Markets 96.4 388.6 663.6 823.8 1,389.3 2,390.4 3,631.1 4,390.3 159 BRAZIL (Uss Mi:lions) 1972 1974 1978 1977 1978 1979 1980 1981 NET TRANSFERS 1,517.8 2,530.9 2,934.0 2,769.3 5,150.2 2,991.1 -616.9 514.9 Official Creditors 196.9 624.8 215.2 146.2 198.1 27.7 214.2 41.2 Multilateral 142.6 257.8 68.8 77.7 66.3 140.7 113.4 106.5 iBRD 109.7 169.2 35.3 88.4 50.8 61.3 63.4 65.0 IDA - - - - - - - Bilateral 54.3 367.0 146.5 68.5 131.8 -113.0 100.8 -65.2 Private Creditors 1,320.9 1,906.1 2,718.8 2,623,0 4,952.0 2,963.3 -831.1 473.6 Suppliers 257.5 14.9 201.3 181.3 125.0 -228.7 -293.4 -374.5 Financial Markets 1,082.3 1,909.6 2,533.5 2,470.1 4.858.3 3,219.4 -507.2 873.4 TOTAL DEBT SERVICE(TDS) 638.2 1,224.7 2,044.2 2,879.1 4,476.5 6,520.9 8,023.5 8,616.1 Official Creditors 187.1 273.7 488.3 647.0 702.0 818.0 951.0 1,039.2 Multilateral 87.7 127.7 215.5 313.5 345.0 366.9 421.4 469.5 IBRD 51.9 78.1 137.4 210.4 224.1 240.4 279.8 321.9 IDA - - - - - - Bilateral 99.5 146.0 272.8 333.5 357.0 451.1 529.6 569.6 Private Creditors 451.0 951.1 1,555.9 2,232.1 3,774.5 5,702.9 7,072.5 7,576.9 Suppliers 102.7 204.6 257.5 310.8 406.6 536.1 438.7 402.5 Financial Markets 329.5 728.1 1,282.4 1,892.9 3,336.7 5,139.3 6,603.4 7,149.3 AVERAGE TERMS: PUBLIC DEBT NEW COMMITMENTS ALL CREDITORS Interest (%) 7.2 10.1 7.6 8.3 9.8 11.2 12.3 15.2 Maturity (years) 12.9 11.2 11.3 9.9 10.0 11.5 9.8 9.7 Grace Period (vears) 3.6 3.7 3.8 3.7 4.1 5.2 3.5 3.2 Grant Element (%) 13.6 -0.5 11.7 7.6 0.1 -7.8 -10.1 -23.0 OFFICIAL CREDITORS Interest (%) 6.8 6.8 7.9 8.0 7.4 8.3 9.1 9.8 Maturity years) 19.5 15.2 16.3 15.9 14.7 13.9 12.9 13.8 Grace Period (years) 5.3 3.9 5.3 4.1 3.3 3.7 2.9 2.9 Grant Element (%) 19.7 17.6 12.4 10.9 14.2 10.1 6.9 2.1 PRIVATE CREDITORS Interest (%) 7.4 11.0 7.5 8.4 iO.2 11.6 13.4 16.4 Maturity (years) 3.4 10.0 9.4 8.4 9.3 11.2 8.7 8.9 Grace Period (years) 2.5 3.7 3.3 3.6 4.3 5.4 3.8 3.3 Grant Element (%) 9.6 -5.7 11.4 6.9 -2.3 -10.2 -15.6 -28.4 MAJOR ECONOMIC AGGREGATES (U.S. $ MILLIONS) Gross Nat. Product GNP 61,525 108.147 155,102 175.543 201,769 225.522 240,923 274,214 Exports of G. & S. XGS 4,508 9,371 11.292 13.511 14,458 17.994 23.291 26.993 Imports of G. & S. (MGS 6,204 16,934 17,848 18,616 21,561 28.477 36,252 38,920 Intl. Reserves (RES) 4,219 5,463 6,667 7,442 12,190 9,838 6,875 7,480 PRINCIPAL RATIOS DDD/XGS % 127.3 116.7 156.2 163.7 209.7 198.0 168.1 163.0 DOD/GNP %°O) 9.3 10.1 11.4 12.6 15.0 15.8 16.3 16.0 TDS/XGS % 14.2 13.1 18.1 21.3 31.0 36.2 34.4 31.9 TDS/GNP % 1.0 1.1 1.3 1.6 2.2 2.9 3.3 3.1 INT/XGS % 4.9 6.3 8.5 8.9 12.8 16.2 18.0 18.5 INT/GNP % 0.4 0.5 0.6 0.7 0.9 1.3 1.7 1.8 RES/DOD % 73.5 50.0 37.8 33.7 40.2 27.6 17.6 17.0 RES/MGS months) 8.2 3.9 4.5 4.8 6.8 4.1 2.3 2.3 MEMORANDA Proportion of Disbursed Debt Concessional Loans (%) 26.0 15.4 9.9 7.8 5.8 4.9 4.2 3.5 Var. Int. Rate Loans (%) 25.0 43.2 54.8 54.0 56.2 59.2 61.6 68.2 Use of IMF Credit(US$ mil - - - - - - - - 1982 1983 1984 1985 1986 1987 1988 1989 PROJECTED PUBLIC DEBT SERVICE TOTAL DEBT SERVICE 10,574.3 10,136.7 10,731.5 11,064.8 11,022.7 9,824.0 8,771.1 6,262.5 Principal 4,755.8 4,575.4 5,513.8 6,388.9 7,098.2 6,754.2 6,570.4 4,866.8 Interest 5,818.5 5,561.3 5,217.7 4,675.9 3,924.5 3,069.8 2,200.8 1,395.7 OFFICIAL CREDITORS 1,452.7 1,644.0 1,699.9 1,641.2 1,625.7 1,562.3 1,439.7 1,385.0 Principal 883.9 1,037.4 1,081.0 1,022.9 1,029.0 1,012.0 946.8 934.4 Interest 568.8 606.6 618.9 618.3 596.7 550.3 492.9 430.6 PRIVATE CREDITORS 9,121.7 8,492.7 9,031.6 9,423.6 9,397.0 8,261.7 7,331.4 4,897.5 Principal 3,871.9 3,538.0 4,432.8 5,366.0 6,069.2 5,742.2 5,623.5 3,932.4 Interest 5,249.7 4,954.7 4,598.8 4,057.6 3,327.8 2,519.5 1,707 0 965.2 w60 BRAZIL (ULS$ Mi h i ions) 1972 1974 1976 1977 1978 1979 1980 1ss1 PRIVATE NON-GUARANTEED DEBT DEBT OUTS.DISB. ONLY 4,238.8 8,181.9 11,133.3 13,005.8 t6,151.8 15,864.1 16,605.3 19,791.6 Official Sources . . . .. 552.7 499.9 490.8 516.4 Private Sources .. .. .. .. 15,599.1 15,364.2 16,114.5 19,275.2 Foreign Parent Comp. .. .. .. .. 1,245.6 1,183.7 1,144.8 1,203.1 Financial Institutions .. .. .. .. 12,657.6 12,586.9 13,642.3 17,008.3 Suppliers .. .. .. .. 1,695.9 1,593.6 1,327.4 1,063.8 DISBURSEMENTS .. 4,317.0 3,238.6 3,860.7 5,048.1 2,575.8 3,191.6 6,061.4 Official Sources .. .. .. .. 30.3 12.3 71.9 79.5 Private Sources .. .. .. .. 5,017.8 2,563.5 3,119.7 5,981.9 Foreign Parent Comp. .. .. .. .. 318.5 73.2 85.7 174.2 Financial Institutions .. .. .. .. 4,436.9 2,364.0 2,934.2 5,610.7 Suppliers .. .. .. .. 262.4 126.2 99.8 197.0 PRINCIPAL REPAYMENTS .. 1,285.0 1,437.1 1,988.2 2,563.0 2,907.7 2,969.9 3,471.7 Official Sources ....... 73.7 69.6 70.6 77.2 Private Sources 2,489.3 2,838.1 2,899.3 3,394.5 Foreign Parent Comp. .. .. .. .. 100.3 134.9 322.5 213.9 Financial Institutions .. .. .. .. 2,089.5 2,442.2 2,329.9 2,924.8 Suppliers .. .. .. .. 299.5 261.0 246.9 255.8 NET FLOWS .. 3,032.0 1,801.5 1,872.5 2,485.1 -331.9 221.7 2,589.7 Official Sources .. .. .. .. -43.4 -57.3 1.3 2.3 Private Sources .. .. .. .. 2,528.5 -274.6 220.4 2,587.4 Foreign Parent Comp. .. .. .. .. 218.2 -61.6 -236.8 -39.7 Financial Institutions .. .. .. .. 2,347.4 -78.2 604.3 2,685.9 Suppliers .. .. .. .. -37.1 -134.8 -147.1 -58.8 INTEREST PAYMENTS .. 880.0 757.5 829.4 1,278.9 1,829.3 2,131.6 2,790.2 Official Sources .. .. .. .. 41.5 45.7 41.7 48.8 Private Sources .. .. .. .. 1,237.4 1,783.6 2,089.9 2,741.4 Foreign Parent Comp. .. .. .. .. 68.8 57.9 76.2 90.9 Financial Institutions .. .. .. .. 1,053.0 1,595.0 1,882.0 2,569.5 Suppliers .. .. .. .. 115.6 130.7 131.7 81.0 NET TRANSFERS .. 2,152.0 1,044.0 1,043.1 1,206.2 -2,161.2 -1,909.9 -200.5 Official Sources .. .. .. .. -84.9 -103.0 -40.4 -46.5 Private Sources .. .. .. .. 1,291.1 -2.058.2 -1,869.5 -154.0 Foreign Parent Comp. .. .. .. .. 149.4 -119.5 -313.0 -130.6 Financial Institutions .. .. .. .. 1,294.4 -1,673.2 -1,277.7 116.4 Suppliers .. .. .. .. -152.7 -265.5 -278.8 -139.8 TOTAL DEBT SERVICE .. 2,165.0 2,194.6 2,817.6 3,841.9 4,737.0 5,101.5 6,261.9 Official Sources .. .. .. .. 115.2 115.3 112.3 126.0 Private Sources .. .. .. .. 3,726.7 4,621.7 4,989.2 6,135.9 Foreign Parent Comp. .. .. .. .. 169.1 192.8 398.7 304.8 Financial Institutions .. .. .. .. 3,142.5 4,037.2 4,211.9 5,494.3 Suppliers .. .. .. .. 415.1 391.7 378.6 336.8 1982 1983 1984 1985 1986 1987 1988 1989 PROJECTED NON-GUARANTEED DEBT SERVICE TOTAL DEBT SERVICE 6,583.6 5,661.8 4,404.4 3,727.9 3,267.2 2,724.4 2,251.1 1,244.1 Principal 3,849.3 3,392.6 2,602.5 2,315.3 2,190.9 1,999.5 1,827.6 1,094.1 Interest 2,734.3 2,269.2 1.801.9 1,412.6 1.076.3 724.9 423.5 150.0 161 BRAZIL ( US$ Mi 11 ions) 1972 1974 1976 1977 1978 1979 1980 1981 PUBLIC AND PRIVATE DEBT DEBT OUTS.DISB. ONLY 9,978.6 19,114.1 28,776.9 35,120.0 46,467.6 51,486.0 55,759.1 63,790.5 DISBURSEMENTS .. 8,072.6 8,216.9 9,509.0 14,674.8 12,087.7 10,598.2 15,192.4 PRINCIPAL REPAYMENTS .. 1,918.7 2,521.1 3,664.2 5,191.3 6,507.7 6,793.9 7,088.5 NET FLOWS .. 6,153.9 5,695.S 5,844.8 9,483.5 5,580.0 3,804.3 8,103.9 INTEREST PAYMENTS .. 1,471.0 1,717.7 2,032.4 3,127.1 4,750.2 6,331.1 7,789.5 NET TRANSFERS .. 4,682.9 3,978.0 3,812.4 6,356.4 829.9 -2,526.8 314.4 TOTAL DEBT SERVICE .. 3,389.7 4,238.8 5,696.7 8,318.4 11,257.9 13,125.0 14,878.0 1982 1983 1984 1985 1S86 1987 1988 1989 PROJECTED PUBLIC AND PRIVATE DEBT SERVICE TOTAL DEBT SERVICE 17,157.9 15,798.5 15,135.9 14,792.7 14,289.9 12,548.4 11,022.2 7,506.6 PRINCIPAL 8,605.1 7,968.0 8,116.3 8,704.2 9,289.1 8,753.7 8,398.0 5,960.9 INTEREST 8,552.8 7,830.5 7,019.6 6,088.5 5,000.8 3,794.7 2,624.3 1,545.7 162 CHILE (US$ Millions) 1972 1974 1976 1977 1978 1979 1980 1981 TOTAL DEBT OUTSTANDING DISBURSED ONLY TOTAL DEBT 2,963.0 4,325.0 4,364.4 4,844.5 5,924.5 7,548.3 9,413.2 12,560.8 Public / Publicly Guar. 2,589.0 3,791.0 3.592.4 3,664.5 4,355.5 4,812.3 4,719.9 4,422.8 Private Non-guaranteed 374.0 534.0 772.0 980.0 1,569.0 2,736.0 4,693.3 8,138.0 PUBLIC / PUBLICLY GUARANTEED DEBT DEBT OUTS. INC. UNDISB. 3,224.1 4,422.4 4,289.5 4,643.1 5,614.0 5,536.9 5,086.5 4,536.9 Official Creditors 1,846.2 2,557.6 2,660.9 2,516.6 2,327.9 1,974.4 i,722.6 1,707.6 Multilateral 221.5 331.7 455.0 499.2 495.8 496.0 522.0 692.8 IBRD 151.1 144.1 176.6 223.9 218.2 211.7 276.4 283.0 IDA 20.4 22.1 21.7 21.5 21.2 21.0 20.8 20.4 Bilateral 1,624.7 2,225.9 2,205.9 2,017.4 1,832.1 1,478.4 1,200.6 1.014.7 Private Creditors 1,378.0 1,864.8 1,628.6 2,126.5 3,286.0 3,562.5 3,363.9 3,229.3 Suppliers 573.7 737.4 790.1 641.3 670.0 563.9 449.0 359.4 Financial Markets 656.7 605.3 489.0 1,219.4 2,395.2 2,817.7 2,771.4 2,760.9 DEBT OUTS. DISB. (DOD) 2,589.0 3,791.0 3,592.4 3,664.5 4,355.5 4,812.3 4,719.9 4,422.8 Official Creditors 1,437.4 2,137.7 2,154.7 2,051.9 1,906.7 1,668.9 1,537.0 1,416.0 Multilateral 189.2 211.1 245.0 277.6 294.9 323.5 351.2 402.4 IBRD 124.9 123.2 135.6 141.2 151.7 158.1 162.9 180.5 IDA 20.4 22.1 21.7 21.5 21.2 21.0 20.8 20.4 Bilateral 1,248.2 1,926.6 1,909.7 1,774.3 1,611.8 1,345.4 1,185.8 1,013.6 Private Creditors 1,151.6 1,653.3 1,437.7 1,612.7 2,448.8 3,143.4 3,182.8 3,006.8 Suppliers 515.5 615.8 650.7 551.3 643.4 525.8 438.8 328.0 Financial Markets 489.9 515.5 437.4 795.6 1,584.5 2,436.7 2,600.5 2,569.8 COMMITMENTS 335.5 752.0 482.6 960.2 1,748.0 875.7 784.4 1,213.8 Official Creditors 174.8 447.3 237.6 88.3 81.7 36.7 76.7 217.9 MulTilateral - 137.9 97.3 64.9 26.7 34.2 74.0 217.9 IBRD - 13.6 33.0 60.0 - - 74.0 42.0 IDA - - - - - - - - Bilateral 174.8 309.4 140.3 23.4 55.1 2.5 2.7 - Private Creditors 160.7 304.7 245.0 871.9 1,666.2 839.0 707.7 995.9 Suppliers 91.9 273.8 155.7 45.5 156.8 130.2 67.9 65.5 Financial Markets 68.8 30.9 89.3 826.4 1,509.5 708.8 639.9 930.4 DISBURSEMENTS 256.4 541.0 432.5 673.0 1,481.2 1,353.7 872.0 1,018.3 Official Creditors 78.2 305.6 137.1 114.4 117.3 126.7 92.7 85.6 Multilateral 11.8 41.3 27.5 47.2 38.9 40.7 46.2 73.6 IBRO 8.6 12.6 14.9 12.3 17.0 12.8 14.1 30.0 IDA - - - - - - - - Bilateral 66.4 264.3 109.7 67.2 78.3 86.0 46.5 11.9 Private Creditors 178.2 235.3 295.4 558.6 1,363.9 1,227.0 779.3 932.7 Suppliers 105.2 194.5 199.6 92.9 221.8 121.4 94.7 44.2 Financial Markets 72.9 40.8 95.8 465.7 1,142.1 1,105.6 684.6 888.5 PRINCIPAL REPAYMENTS 71.1 199.6 546.3 684.5 925.0 902.5 890.8 1,174.6 Official Creditors 35.3 95.9 224.6 257.8 315.8 374.3 228.8 173.6 Multilateral 12.5 24.7 17.0 20.9 29.4 11.5 15.1 19.1 IBRD 5.8 17.7 8.3 6.7 6.5 6.5 9.2 12.4 IDA 0.1 0.2 0.2 0.2 0.2 0.2 0.2 0.3 Bilateral 22.8 71.3 207.6 236.9 286.4 362.8 213.7 154.5 Private Creditors 35.8 103.6 321.7 426.7 609.3 528.3 662.0 1,001.1 Suppliers 13.3 44.6 119.3 216.1 178.8 224.2 154.5 120.9 Financial Markets 18.1 40.1 117.2 126.6 385.3 264.1 470.1 845.8 NET FLOWS 185.3 341.4 -113.8 -11.5 556.2 451.1 -18.8 -156.3 Official Creditors 42.9 209.7 -87.5 -143.4 -198.5 -247.6 -136.1 -88.0 Multilateral -0.7 16.6 10.4 26.3 9.5 29.2 31.2 54.5 IBRD 2.8 -5.2 6.6 5.6 10.5 6.4 4.9 17.6 IDA -0.1 -0.2 -0.2 -0.2 -0.2 -0.2 -0.2 -0.3 Bilateral 43.6 193.1 -97.9 -169.7 -208.0 -276.8 -167.3 -142.5 Private Creditors 142.4 131.7 -26.3 131.9 754.7 698.7 117.3 -68.3 Suppliers 92.0 149.9 80.3 -123.2 43.1 -102.9 -59.8 -76.6 Financial Markets 54.8 0.7 -21.4 339.1 756.8 841.6 214.5 42.7 INTEREST PAYMENTS(INT) 26.5 79.1 208.9 201.3 289.8 355.5 483.7 488.5 Official Creditors 17.4 42.0 105.9 94.6 124.0 104.5 93.3 77.6 Multilateral 8.9 21.6 15.5 17r5 26.1 25.2 26.3 26.2 IBRD 5.6 17.8 9.4 8.7 15.0 14.9 15.6 13.8 IDA 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.1 Bilateral 8.6 20.4 90.4 77.2 97.9 79.3 67.0 51.4 Private Creditors 9.1 37.0 103.0 106.6 165.7 250.9 390.4 411.0 Suppliers 5.1 9.4 36.6 39.0 38.2 44.7 40.2 30.9 Financial Markets 3.2 22.9 32.5 42.1 107.1 189.9 334.0 370.4 163 CHILE (Us$ M; lions) 1972 1974 1976 1977 1978 1979 1980 1981 NET TRANSFERS 158.8 262.3 -322.7 -212.8 268.4 95.7 -502.5 -644.9 Official Creditors 25.5 167.7 -193.4 -238.1 -322.6 -352.1 -229.4 -165.6 Multilateral -9.6 -5.0 -5.1 8.8 -16.6 4.0 4.9 28.3 IBRD -2.S -22.9 -2.8 -3.1 -4.5 -8.6 -10.7 3.8 IDA -0.2 -0.4 -0.4 -0.4 -0.4 -0.4 -0.4 -0.4 Bilateral 35.0 172.6 -188 3 -246.9 -306.0 -356 1 -234.2 -193.9 Private Creditors 133.3 94.7 -129.3 25.3 588.9 447.8 -273.1 -479.3 Suppliers 86.9 140.5 43.7 -162.2 4.9 -147.6 -100.C -107.5 Financial Markets 51.7 -22.2 -53.9 297.0 649.7 651.7 -119.5 -327.7 TOTAL DEBT SERVICE(TDS) 97.6 278.6 755.2 885.8 1,214.8 1,258.0 1,374.5 1,663.2 Official Creditors 52.8 138.0 330.5 352.5 439.8 478.8 322.0 251.2 Multilateral 21.4 46.2 32.5 38.4 55.5 36.7 41.4 45.3 IBRD 11.4 35.5 17.7 15.4 21.5 21.4 24.8 26.2 IDA 0.2 0.4 0.4 0.4 0.4 0.4 0.4 0.4 Bilateral 31.4 91.7 298.0 314.1 384.3 442.1 280.7 205.9 Private Creditors 44.9 i40.7 424.7 533.3 775.0 779.2 1,052 4 1,412.0 Suppliers 18.4 54.0 155.9 255.1 216.9 268.9 194.7 151.8 Financial Markets 21.2 63.0 149.7 168.7 492.4 4'3.9 804.1 1,216.2 AVERAGE TERMS: PUBLIC DEBT NEW COMMITMENTS ALL CREDITORS Interest (%) 5.0 7.1 7.9 8.7 10.6 12.9 15.7 15.0 Maturity years) 13.5 12.1 10.2 7.5 8.1 7.7 6.8 10.7 Grace Period (years) 3.9 2.5 2.8 2.1 2.3 3.e 2.6 4.1 Grant Element 7%) 29.1 12.3 10.5 4.2 -3.0 -12.5 -20.6 -24.0 OFFICIAL CREDITORS Interest (%) 2.8 7.7 6.8 7.8 8.0 7.5 9.2 9.2 Maturity (years) 16.1 14.2 17.7 17.4 15.7 18.8 14.6 19.8 Grace Period (years) 5.8 3.0 4.3 4.1 3.5 6.1 3.4 4.3 Grant Element (%) 46.1 14.0 19.6 12.5 10.2 15.1 5.1 3.9 PRIVATE CREDITORS Interest (%) 7.3 6.1 8.9 8.8 10.7 13.2 16.3 16.2 Maturity years) 10.6 9.0 3.0 6.5 7.7 7.2 6.0 8.7 Grace Period (years) 1.9 1.8 1.3 1.9 2.2 3.7 2.5 4.0 Grant Element (%) 10.6 9.9 1.7 3.4 -3.7 -13.7 -23.4 -30.1 MAJOR ECONOMIC AGGREGATES (U.S. $ MILLIONS)' Gross Nat. Product (GNP) 11.877 10,885 9,535 13,013 14,979 20.054 26,547 31,437 Exports of G. & S. (XGS 985 2,351 2,424 2,621 2,984 4,746 6,276 6,110 Imports of G. & S. (MGS 1,464 2,658 2,325 3,268 4.169 6.040 8,360 11,022 Intl. Reserves (RES) 185 309 585 651 1,404 2,719 4,128 3.890 PRINCIPAL RATIOS DOD/XGS (% 262.9 161.2 148.2 139.8 146.0 101.4 75.2 72.4 DOD/GNP % 21.8 34.8 37.7 28.2 29.1 24.0 17.8 14.1 TDS/XGS % 9.9 11.9 31.1 33.8 0.7 26.5 21.9 27.2 TDS/GNP % 0.8 2.6 7.9 6.8 8.1 6.3 5.2 5.3 INT/XGS % 2.7 3.4 8.6 7.7 9.7 7.5 7.7 8.0 INT/GNP % 0.2 0.7 2.2 1.5 1.9 1.8 1.8 1.6 RES/DOD % 7.1 8.2 16.3 17.8 32.2 56.5 87.5 88.0 RES/MGS months) 1.5 1.4 3.0 2.4 4.0 5.4 5.9 4.2 MEMORANDA Proportion of Disbursed Debt Concessional Loans (%) 29.0 21.4 22.5 21.7 18.2 15.7 14.4 14.5 Var. Int. Rate Loans (%) 7.0 11.0 13.8 17.4 32.7 47.1 51.5 55.7 Use of IMF Credit(IJS$ mil) 85.8 195.9 467.3 365.2 347.2 179.1 122.8 48.7 1982 1983 1984 1985 1986 1987 1988 1989 PROJECTED PUBLIC DEBT SERVICE TOTAL DEBT SERVICE 973.9 950.8 902.4 918.0 936.9 728.1 593.6 423.0 Principal 482.8 494.4 489.6 554.3 642.6 515.4 443.3 324.7 Interest 491.1 456.5 412.8 363.7 294.3 212.6 150.3 98.3 OFFICIAL CREDITORS 229.7 223.9 174.8 170.7 170.7 164.5 155.3 146.1 Principal 158.7 155.6 108.7 105.2 107.2 106.1 102.3 98.8 Interest 71.0 68.3 66.1 65.4 63.5 58.4 53.0 47.4 PRIVATE CREDITORS 744.2 726.9 727.6 747.3 766.2 563.5 438.4 276.9 Principal 324.1 338.7 381.0 449.1 535.4 409.3 341.0 225.9 Interest 420.1 388.2 346.6 298.3 230.8 154.2 97.3 50.9 164 CHILE (LIS$ Millions) 1972 1974 1976 1977 1978 1979 1980 1911 PRIVATE NON-GUARANTEED DEBT DEBT OUTS.DISB. ONLY 374.0 534.0 772.0 980.0 1,569.0 2,738.0 4,693.3 8,138.0 Official Sources . . Private Sources 4,693.3 8,138.0 Foreign Parent Comp. .. . . Financial Institutions . .. .. .. . . ,390.3 7.67530 Suppliers .-.......... 303.0 463.0 DISBltRSEMENTS .. .. .. .. 751.4 1,432.0 2,893.9 4,102.3 Official Sources ... Private Sources 2,693.9 4,102.3 Foreign Parent Comp. .. .. ..- Financial Institutions 2,526.9 3.84265 Suppliers ... .. .. 167.0 260.0, PRINCIPAL REPAYMENTS .. .. .. .. 162.4 414.0 570.5 622.8 Official Sources .. .. . . . . - Private Sources . 570.5 622.8 Foreign Parent Camp. .. . . Financial Institutions 505.5 522.8 Suppliers ......... 65.0 100.0 NET FLOWS .. .. .. .. 589.0 1,018.0 2,123.4 3,479.5 Official Sources ... Private Sources . 2,123.4 3,479.5 Foreign Parent Comp. . . Financial Institutions 2,021.4 3,319.7 Suppliers 0.. .. .. .. 12.0 160.0 INTEREST PAYMENTS .. .. .. .. 93.7 227.0 435.0 935.2 Official Sources . . . ... ..- Private Sources .. .. .. .. .. .. 435.0 935.2 Foreign Parent Camp. .. . Financial Institutions 4 06 . .. 9 .0 882.2 Suppliers ... ... . 29.0 53.0 NET TRANSFERS .. .. .. .. 495.3 791.0 1,688.4 2,544.3 Official Sources .. ,. . - - Private Sources .. .. . 1,688.4 2,544.3 Foreign Parent Comp. .. .. ..- Financial Institutions .. .. .. .. .. .. 1,615.4 2,437.5 Suppliers .. .. .. .. .. .. 73.0 107.0 TOTAL DEBT SERVICE .. .. .. .. 256.1 641.0 1,005.5 1,558.0 Official Sources .. .. . . ..- Private Sources . t1,005.5 1,558.0 Foreign Parent Camp. .. . . Financial Institutions . , . 9tt.5 1,405.0 Suppliers .. . . .. 94.0 153.0 1982 1983 1984 1985 1986 1987 1988 1989 PROJECTED NON-GUARANTEED DEBT SERVICE TOTAL DEBT SERVICE 2,053.2 2,085.9 1,406.1 2,123.7 2,088.2 1,697.9 698.0 174.9 Principal 767.0 1,193.9 775.0 1,569.8 1,689.6 1,475.0 614.9 152.1 Interest 1,286.2 892.0 631.1 553.9 398.6 222.9 83.1 22.8 165 CHILE (Uss MAi ions) 1972 1974 1976 1977 1978 1979 1980 1981 PUBLIC AND PRIVATE DEBT DEBT OUTS.DISa. ONLY 2,9e3.0 4,325.0 4,364.4 4,644.5 5,924.5 7,548.3 9,413.2 12,560.8 DISBURSEMENTS .. .. .. . 2,232.6 2,785.7 3,565.9 5,120.6 PRINCIPAL REPAYMENTS . .. .. 1,087.4 1,316.5 1,461.3 1,797.4 NET FLOWS .. .. .. .. 1,145.2 1,469.1 2,104.6 3,323.2 INTEREST PAYMENTS . .. .. .. 3S3.5 582.5 918.7 1,423.8 NET TRANSFERS .. .. .. .. 761.7 886.7 1,185.9 1,899.4 TOTAL DEBT SERVICE .. .. .. .. 1,470.9 1,899.0 2,3SO.0 3,221.2 1982 1983 1984 1985 1986 1987 1988 1989 PROJECTED PUBLIC AND PRIVATE DEBT SERVICE TOTAL DEBT SERVICE 3,027.1 3,036.7 2,308.5 3,041.7 3,025.1 2,426.0 1,291.6 597.9 PRINCIPAL 1,249.8 1,688.3 1,264.6 2,124.1 2,332.2 1,990.4 1,058.2 476.8 INTEREST 1,777.3 1,348.5 1,043.9 917.6 692.9 435.5 233.4 121.1 166 COLOMBIA (uSs Millions) 1972 1974 197S 1977 1978 1979 1980 1981 TOTAL DEBT OUTSTANDING DISBURSED ONLY TOTAL DEBT 2,032.2 2,410.9 2,851.8 3,054.1 3,131.9 3,802.3 4,573.1 5,978.4 Pub'ic / Publicly Guar- 1,631.7 2,092.9 2,449.4 2,657.6 2,774.3 3,342.7 4,047.7 5,076.3 Private Non-guaranteed 400.5 318.0 402.4 396.5 357.6 459.6 525.4 902.1 PUBLIC / PUBLICLY GUARANTEED DEBT DEBT OUTS. INC. UNDISS. 2,364.1 2,766.6 3,357.4 3,679.3 4,290.7 5,245.2 6,502.8 7,629.6 Official Creditors 1,944.6 2,171.1 2,446.7 2,787.0 3,290.9 3,769.7 4,188.6 4,461.7 Multilateral 974.1 1,150.6 1,317.9 1,640.9 2,054.0 2,537.1 2,935.3 3,116.5 IBRD 762.7 847.8 941.4 1,204.1 1,547.8 1,826.7 2,110.6 2,238.0 IDA 20.9 22.8 22.3 22.0 21.8 21.5 21.3 20.8 Bilateral 970.5 1,020.4 1,128.8 1,146.0 1,236.8 1,232.6 1,253.3 1,345.2 Private Creditors 419.4 595.5 910.7 892.4 999.8 1,475.5 2,314.2 3,167.9 Suppliers 203.6 212.8 261.5 257.9 279.7 285.4 512.3 601.8 Financial Markets 195.7 365.6 635.6 622.7 710.5 1,182.5 1,796.7 2,563.4 DEBT OUTS. DISB. (DOD) 1,631.7 2,092.9 2,449.4 2,657.6 2,774.3 3,342.7 4,047.7 5,076.3 Official Creditors 1,322.6 1,599.9 1,772.5 1,850.5 1,987.2 2,136.2 2,388.1 2,640.1 Multilateral S59.8 710.8 851.0 933.7 1,016.4 1,139.3 1,345.2 1,600.5 IBRD 453.4 561.7 671.6 716.2 751.5 838.4 990.7 1,164.8 IDA 20.9 22.8 22.3 22.0 21.8 21.5 21.3 20.8 Bilateral 762.8 889.2 921.5 916.8 970.8 997.0 1,042.9 1.039.6 Private Creditors 309.1 493.0 676.9 807.0 787.1 1,206.4 1,659.6 2,436.2 Suppliers 117.2 144.0 204.6 207.9 201.8 193.3 184.7 224.3 Financial Markets 171.8 331.9 458.6 587.4 575.6 1,005.6 1,469.8 2,209.2 COMMITMENTS 359.9 236.3 514.9 499.5 805.8 1,356.1 1,596.8 1,565.0 Official Creditors 227.7 112.3 304.7 422.9 575.0 579.5 595.2 481.2 Multilateral 113.2 72.5 172.6 366.5 462.4 547.0 494.0 292.5 IBRD 74.1 8.0 80.0 30S.0 390.6 330.8 351.0 205.0 IDA - - - - - - - Bilateral 114.5 39.8 132.2 56.4 112.6 32.5 101.2 188.8 Private Creditors 132.2 124.0 210.2 76.7 230.9 776.7 1,001.6 1,083.8 Suppliers 38.9 50.7 44.0 39.5 84.9 55.8 312.2 186.3 Financial Markets 95.3 73.4 166.2 37.2 146.0 720.9 689.4 897.5 DISBURSEMENTS 337.5 377.9 258.4 361.3 300.9 982.6 1,005.1 1,412.3 Official Creditors 178.7 177.2 149.8 156.8 192.9 254.1 426.1 447.0 Multilateral 97.8 111.4 105.4 122.2 121.3 183.1 299.6 364.5 IBRD 82.8 85.9 75.7 85.2 82.1 138.5 217.7 250.6 IDA - - - - - - - - Bilateral 81.0 65.7 44.4 34.6 71.6 71.0 126.5 82.5 Private Creditors 158.8 200.7 108.6 204.6 108.0 728.5 579.1 965.2 Suppliers 40.4 44.5 75.0 46.6 58.9 43.0 54.7 101.3 Financial Markets 118.4 156.2 33.6 157.9 49.2 685.5 524.4 863.9 PRINCIPAL REPAYMENTS 96.3 207.6 152.9 175.5 224.8 430.1 263.9 308.7 Offic.ial Creditors 43.8 64.6 81.9 87.8 88.9 118.0 138.1 161.7 Multilateral 28.0 36.3 45.0 50.6 56.8 64.2 78.5 94.0 IBRD 20.1 28.7 37.6 40.5 46.9 51.5 65.4 76.5 IDA 0.2 0.1 0.2 0.2 0.2 0.2 0.2 0.5 Bilateral 15.8 28.2 36.9 37.2 32.1 53.8 59.6 67.7 Private Creditors 52.5 143.0 71.0 87.7 135.9 312.1 125.9 147.0 Suppliers 39.6 36.8 47.5 44.4 68.7 53.7 56.9 47.2 Financial Markets 11.6 104.7 21.7 41.3 65.2 256.2 66.6 97.2 NET FLOWS 241.2 170.3 105.5 185.9 76.1 552.5 741.2 1,103.6 Official Creditors 35.0 112.6 67.9 69.0 103.9 136.1 288.0 285.3 Multilateral 69.7 75.1 60.4 71.6 64.5 118.9 221.1 270.6 IBRD 62.7 57.1 38.1 44.6 35.2 87.0 152.3 174.1 IDA -0.2 -0.1 -0.2 -0.2 -0.2 -0.2 -0.2 -0.5 Bilateral 65.2 37.5 7.5 -2.7 39.5 17.3 66.9 14.8 Private Creditors 106.2 57.7 37.6 116.9 -27.9 416.3 453.2 818.2 Suppliers 0.8 7.8 27.5 2.2 -9.8 -10.8 -2.2 54.1 Firancial Markets 106.8 51.5 11.9 116.6 -16.0 429.3 457.7 768.7 INTEREST PAYMENTS(INT) 58.2 102.8 125.4 137.1 168.2 227.1 282.2 416.9 Official Creditors 48.6 73.5 81.7 93.5 111.6 122.6 129.0 145.5 Multilateral 34.2 56.1 57.8 70.7 89.6 95.6 101.4 111.0 IBRD 27.4 45.7 48.2 52.6 64.5 72.7 78.6 84.7 IDA 0.2 0.1 0.2 0.2 0.2 0.2 0.2 0.2 Bilateral 14.4 17.4 24.0 22.8 22.0 27.0 27.6 34.4 Private Creditors 9.5 29.4 43.7 43.6 56.6 104.5 153.2 271.4 Suppliers 5.4 7.9 11.4 16.0 10.9 12.8 15.7 15.6 Financial Markets 3.4 20.2 31.3 27.6 44.9 91.1 137.0 255.5 167 COLOMBIA (US1$ Mil1 1ions) 1972 1974 1976 1977 1978 1979 1980 1981 NET TRANSFERS 183.0 67.5 -19.9 48.8 -92.1 325.3 459.0 686.7 Official Creditors 86.3 39 1 -13.8 -24.5 -7.7 13.5 159.0 139.9 Multilateral 35.5 19.1 2.7 1.0 -25.1 23.2 119.7 159.5 IBRD 35.3 11.4 -10.1 -8.0 -29.2 14.3 73.7 89.4 IDA -0.4 -0.2 -0.4 -0.4 -0.4 -0.4 -0.4 -0.6 Bilateral 50.8 20.1 -16.5 -25.5 17.5 -9.7 39.3 -19.7 Private Creditors 96.7 28.4 -6.1 73.3 -84.4 311.8 300.0 546.8 Suppliers -4.6 -0.2 16.1 -13.8 -20.7 -23.6 -17.9 38.5 Financial Markets 103.4 31.3 -19.4 89.0 -60.9 338.2 320.7 511.2 TOTAL DEBT SERVICE(TDS) 154.5 310.4 278.3 312.6 393.0 657.3 546.2 725.6 Official Creditors 92.4 138.0 163.6 181.3 200.5 240.6 267.1 307.2 Multilateral 62.2 92.4 102.7 121.2 146.4 159.9 179.9 205.0 IBRD 47.6 74.4 85.7 93.1 111.A 124.2 144.1 161.3 IDA 0.4 0.2 0.4 0.4 0.4 0.4 0.4 0.6 Bilateral 30.2 45.6 60.9 60.1 54.1 80.8 87.2 102.2 Private Creditors 62.1 172.4 114.7 131.3 192.5 416.7 279.1 418.4 Suppliers 45.0 44.7 58.9 60.4 79.6 66.6 72.6 62.8 Financial Markets 15.0 124.9 53.0 69.0 110.1 347.3 203.7 352.7 AVERAGE TERMS: PUBLIC DEBT NEW COMMITMENTS ALL CREDITORS Interest (%) 5.8 7.4 6.5 7.4 7.9 10.1 12.3 12.7 Maturity years) 22.2 15.7 14.9 16.2 14.1 12.8 *3.3 12.0 Grace Period (years) 5.4 4.0 3.3 3.8 3.5 4.3 4.0 4.3 Grant Element (%) 29.7 15.5 19.5 15.2 10.6 -0.1 -11.5 -15.0 OFFICIAL CREDITORS Interest (%j 4.7 6.0 5.8 7.3 7.6 7.8 7.4 8.4 Maturity years) 30.5 22.6 20.0 17.7 16.2 16.7 18.4 15.2 Grace Period (years) 7.7 5.9 4.1 4.0 4.1 4.4 4.5 3.1 Grant Element (%) 42.2 27.7 27.4 16.6 13.1 13.5 16.0 7.6 PRIVATE CREDrTORS Interest (%) 7.7 8.6 7.5 7.7 8.6 11.8 15.1 14.6 Maturity (years) 8.0 9.5 7.4 7.8 9.1 9.9 10.2 10.5 Grace Period (years) 1.5 2.2 2.1 2.6 2.0 4.3 3.8 4.8 Grant Element (%) 8.1 4.4 8.1 7.5 4.3 -10.3 -27.8 -25.1 MAJOR ECONOMIC AGGREGATES /U.S. S MILLIONS) Gross Nat. Product (GNP) 8,307 12,429 15.078 19.261 23,184 27.845 33,244 36,319 Exports of G. & S. (XGS) 1,238 1,964 2,916 3,556 4,174 4,952 5,655 4,953 Imports of G. & S. (MGS) 1,454 2,350 2,728 3,132 3,881 4.461 6,266 6,888 Intl. Reserves (RES) 337 511 1,291 2,033 2,809 5,030 6,474 6,079 PRINCIPAL RATIOS DDD/XGS (%) 131.8 1o6.6 84.0 74.7 66.5 67.5 71.6 102.5 DDD/GNP % 19.6 16.8 16.2 13.8 12.0 12.0 12.2 14.0 TDS/XGS % 12.5 15.8 9.5 8.8 9.4 13.3 9.7 14.6 TDS/GNP (% 1.9 2.5 1.8 1.6 1.7 2.4 1.6 2.0 INT/XGS (% 4.7 5.2 4.3 3.9 4.0 4.6 5.0 8.4 INT/GNP % 0.7 0.8 0.8 0.7 0.7 0.8 0.8 1.1 RES/DOC % 20.6 24.4 52.7 76.5 101.3 150.5 159.9 119.8 RES/MGS (months) 2.8 2.6 5.7 7.8 8.7 13.5 12.4 10.6 MEMORANDA Proportion of Disbursed Debt Concessional Loans (%) 44.7 40.9 37.1 34.3 34.8 29.1 24.4 19.6 Var. Int. Rate Loars (% - 1.3 2.3 3.6 4.0 22.7 31.0 40.1 Use of IMF Credit(US$ mil - - - - - - - - 1982 1983 1984 1985 1986 1987 1988 1989 PROJECTED PUBLIC DEBT SERVICE TOTAL DEBT SERVICE 855.5 964.8 1,129.9 1,193.4 1,203.8 1,210.4 1,123.1 937.2 Principal 329.1 404.6 558.9 643.3 699.8 776.5 776.6 679.5 Interest 526.4 560.2 571.0 550.1 504.1 433.9 346.5 257.7 OFFICIAL CREDITORS 350.4 429.0 496.6 510.8 510.2 489.4 461.5 432.9 Principal 180.6 236.5 291.2 303.5 309.6 302.7 292.3 282.6 Interest 169.8 192.5 205.4 207.4 200.7 186.7 169.2 150.3 PRIVATE CREDITORS 505.1 535.8 633.3 682.6 693.6 721.0 661.6 504.3 Principal 148.5 168.1 267.7 339.8 390.2 473.8 484.3 396.8 Interest 356.6 367.7 365.6 342.8 303.4 247.3 177.4 107.5 1e8 COLOMBIA (US$ Mi. 1ions) 1972 1974 1976 1977 1978 1979 1980 1981 PRIVATE NON--GUARANTEED DEBT DEST OUTS.DISB. ONLY 400.5 318.0 402.4 396.5 357.6 459.6 525.4 902.1 Official Sources . . Private Sources . .. .. . . 525.4 902.1 Foreion Parent Ccmp. 46.8 52.7 Financial Institutions -. 430.5 787.7 Surpliers ...... ... 48.1 61.7 DISBURSEMENTS 139.0 26.9 87.1 54.6 42.4 144.1 121.1 677.4 Cffic'al Sources Private Sources Foreigri Parent Comp. . . Financial Institutions Suppliers PRINCIPAL REPAYMENTS 88.8 81.2 65.0 58.6 62.5 42.1 53.1 273.0 Official Sources .. .. . . .. Private Sources .. Foreign Parent Comp. Financial Institutions Suppliers "* Supplier .. . . . . . . . . . . ... NET FLOWS 50.2 -54.3 22.1 -4.0 -20.1 102.0 68.0 404.4 Official Sources Private Sources Foreign Parent Comp. Financial Institutions Suppliers INTEREST PAYMENTS 21.7 27.2 24.1 23.9 30.6 43.0 14.5 147.2 Official Sources Private Sources Foreign Parent Comp. Financial Institutions .. . . .. .. Suppliers............. NET TRANSFERS 28.5 -81.5 -2.0 -27.9 -50.7 59.0 53.5 257.2 Official Sources Private Sources Foreign Parent Comp. Financial Institutions . Suppliers- ... Supplier .. . . . . . . . . . .... TOTAL DEBT SERVICE 110.5 108.4 89.1 82.5 93.1 85.1 67.6 420.2 Official Sources Private Sources Foreign Parent Comp. Financial Institutions Suppliers .. .. .. .. .. .. . 1982 1983 1984 1985 1986 1987 1988 1989 PROJECTED NON-GUARANTEED DEBT SERVICE TOTAL DEBT SERVICE .. .. .. .. .. Principal 100.1 106.8 56.8 52.2 82.1 347.7 37.7 1 9 COLOMBIA (US$ Milu1 ons) 1972 1974 1976 1977 1978 1979 1S80 1981 PUBLIC AND PRIVATE DEBT DEBT OUTS.DISB. ONLY 2,032.2 2,410.9 2,851.8 3,054.1 3,131.9 3,802.3 4,573.1 5,978.4 DISBURSEMENTS 476.5 404.8 345.5 415.9 343.3 1,126.7 1,126.2 2,089.7 PRINCIPAL REPAYMENTS 185.1 288.8 217.9 234.1 287.3 472.2 317.0 581.7 NET FLOWS 291.4 116.0 127.8 181.9 56.0 654.5 809.2 1,508.0 INTEREST PAYMENTS 79.9 130.0 149.5 181.0 198.8 270.1 296.7 564.1 NET TRANSFERS 211.5 -14.0 -21.9 20.9 -142.8 384.3 512.5 943.9 TOTAL DEBT SERVICE 265.0 418.8 367.4 395.1 486.1 742.4 613.8 1,145.8 1982 1983 1984 1985 1986 1987 1988 1989 PROJECTED PUBLIC AND PRIVATE DEBT SERVICE TOTAL DEBT SERVICE .. .. .. .. .. .. .. PRINCIPAL 429.2 511.4 615.7 695.5 781.9 1,124.2 814.3 INTEREST .. .. .. .. .. .. .. 170 COSTA RICA (USS Millions) 1972 1974 1976 1977 1978 1979 1980 1981 TOTAL DEBT OUTSTANDING DISBURSED ONLY TOTAL DEBT .. .. Public / Publicly Guar. 207.2 303.4 535.9 735.4 949.7 1,230.2 1,640.2 1,854.2 Private Non-guaranteed . . . . PUBLIC I PUBLICLY GUARANTEED DEBT DEBT OUTS. INC. UNDISB. 297.1 488.3 1,002.0 1,295.4 1,622.0 1,924.2 2,479.9 2,620.3 Official Creditors 223.8 333.3 677.4 826.5 1,027.0 1,114.6 1,426.7 1,517.8 Multilateral 142.8 213.1 424.7 536.3 666.8 698.7 933.5 953.4 IBRC 98.5 123.4 197.3 227.4 248.2 276.4 325.6 319.8 IDA 4.9 5.3 5.2 5.151 . 5.0 4.9 Bilateral 81.0 120.2 252.7 290.1 360.2 415.9 493.2 564.4 Private Creditors 73.3 154.9 324.6 469.0 595.t 809.5 1,053.2 1,102.5 Suppliers 23.5 31.5 44.4 71.2 61.8 64.0 59.6 61.7 Financial Markets 41.7 116.1 273.7 391.8 527.8 740.6 989.3 1,036.8 DEBT OUTS. DISB. (DOD) 207.2 303.4 535.9 73S5.4 949.7 1,290.2 1,640.2 1,854.2 Official Creditors 137.8 178.2 306.2 390.7 516.2 614.9 775.6 891.9 Multilateral 84.5 109.2 183.7 242.4 311.8 361.4 434.2 486.1 IBRD 54.9 75.2 104.0 124.0 140.8 155.5 178.3 192.0 IDA 4.9 5.3 5.2 5.1 5.1 5.0 5.0 4.9 Bilateral 53.3 69.0 122.5 148.3 204.5 253.5 341.4 405.9 Private Creditors 69.4 125.2 229.7 344.6 433.4 675.3 864.6 962.3 Suppliers 20.7 22.1 29.4 37.5 39.9 47.4 47.6 53.1 Financial Markets 40.5 95.8 193.9 301.2 388.1 623.0 812.7 905.2 COMMITMENTS 72.7 177.8 314.6 335.0 510.8 477.7 656.2 206.9 Official Creditors 45.8 100.9 167.4 157.1 211.6 111.3 345.8 120.3 Multilateral 43.7 66.9 79.5 115.1 135.2 43.2 257.3 39.4 IBRO 34.4 23.5 39.0 34.5 25.6 34.0 56.0 3.0 IDA - - - - - - - Bilateral 2.0 34.0 87.9 42.0 76.4 68.1 88.5 80.9 Private Creditors 26.9 76.9 147.3 177.9 299.1 366.4 310.4 86.6 Suppliers 4.5 10.3 19.8 30.4 12.6 14.2 5.1 7.2 Financial Markets 22.5 66.6 127.4 147.5 286.5 352.2 305.2 79.3 DISBURSEMENTS 63.8 87.4 157.7 238.8 332-7 513.2 436.3 270.2 Official Creditors 31.5 30.8 77.3 91.4 136.0 118.9 186.8 135.5 Multilateral 19.0 19.7 53.3 61.6 73.6 61.5 89.6 68.7 IBRD 13.3 14.0 22.2 23.7 21.5 20.5 29.4 22.3 IDA - - - - - - - - Bilateral 12.5 11.1 24.0 29.7 62.4 57.4 97.1 66.8 Private Creditors 32.3 56.6 80.5 147.4 246.7 394.3 249.5 134.7 Suppliers 8.9 7.5 8.7 11.7 14.8 19.4 9.8 10.6 Financial Markets 23.4 49.0 71.8 135.7 231.9 374.9 239.8 124.0 PRINCIPAL REPAYMENTS 23.8 33.4 40.4 51.1 173.4 172.3 74.4 69.3 Official Creditors 6.7 7.2 9.9 10.0 15.4 19.8 22.2 29.9 Multilateral 4.1 5.3 6.5 6.7 9.2 11.4 13.5 15.8 IBRD 2.0 2.5 3.3 3.6 4.7 5.9 6.6 8.5 IDA 0.0 0.1 0.1 0.1 0.1 0.1 0.1 0.1 Bilater-al 2.6 1.9 3.4 3.3 6.3 8.4 a.7 14.1 Private Creditors 17.1 26.1 30.5 41.1 157.9 152.5 52.2 39.4 Suppliers 1.8 6.8 8.9 10.0 8.3 11.9 7.7 5.2 Financial Markets 15.0 18.9 21.2 30.7 149.1 140.0 43.8 33.9 NET FLOWS 40.0 54.0 117.3 187.7 209.3 340.9 361.9 200.9 Official Creditors 24.9 23.6 67.4 81.3 120.6 99.0 164.6 105.6 Multilateral 14.9 14.4 46.8 54.9 64.4 50.0 76.1 52.9 IBRD 11.3 11.5 18.9 20.1 16.8 14.6 22.8 13.8 IDA 0.0 -0.1 -0.1 -0.1 -0.1 -0.1 -0.1 -0.1 Bilateral 9.9 9.2 20.6 26.4 56.2 49.0 88.5 52.7 Private Creditors 15.1 30.4 49.9 106.3 88.7 241.9 197.3 95.3 Suppliers 7.1 0.7 -0.2 1.8 6.4 7.5 2.0 5.5 Financial Markets 8.4 30.1 50.6 105.1 82.8 234.9 195.9 90.2 INTEREST PAYMENTS(INT) 10.1 18.1 27.5 35.7 64.4 81.8 128.1 106.1 Official Creditors 6.6 8.2 13.7 18.6 29.4 39.3 42.1 33.2 Multilateral 5.5 6.8 11.6 15.7 21.8 27.4 26.4 23.0 IBRD 4.3 4.9 7.3 9.1 11.8 14.3 14.6 14.6 IDA 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bilateral 1.1 1.4 2.1 3.0 7.6 11.9 15.7 10.2 Private Creditors 3.5 9.8 13.8 17.1 35.0 42.5 86.0 72.9 Suppliers 0.4 1.4 1.8 3.5 1.9 3.0 2.0 4.7 Financial Markets 2.4 7.9 11.4 13.1 32.6 39.1 83.6 68.0 COSITA RICA (US$ Millions) 1972 1974 1976 1977 1978 1979 1980 1S81 NET TRANSFERS 29.9 35.9 89.9 151.9 144.9 259.1 233.8 94.8 Official Creditors 18.2 15.4 53.7 62.7 91.1 59.7 122.4 72.4 Multilateral 9.4 7.6 35.3 39.2 42.6 22.6 49.7 29.9 I3RD 7.0 6.6 11.6 11.0 5.0 0.4 8.2 -0.9 IDA -0.1 -0.1 -0.1 -0.1 -0.1 -0.1 -0.1 -0.1 Bilateral 8.8 7.8 18.5 23.5 48.5 37.1 72.8 42.5 Private Creditors 11.6 20.6 36.1 89.2 53.E 199.4 111.3 22.4 Suppliers 6.7 -0.7 -2.0 -1.7 4.5 4.5 0.0 0.7 Financial Markets 6.0 22.3 39.1 91.9 50.2 195.8 112.3 22.1 TOTAL DEBT SERVICE(TDS) 33.9 51.5 67.9 86.9 237.8 254.1 202.5 175.4 Official Creditors 13.3 15.5 23.6 28.7 44.9 59.1 64.3 63.1 Multilateral 9.6 12.1 18.0 22.4 31.0 38.8 40.0 38.8 IBRD 6.3 7.4 10.6 12.6 16.5 20.1 21.2 23.1 IDA 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 Bilateral 3.7 3.3 5.5 6.3 13.9 20.3 24.4 24.3 Private Creditors 20.6 36.0 44.3 58.2 192.9 194.9 138.2 112.3 Suppliers 2.2 8.2 10.7 13.4 10.2 14.9 9.7 9.9 Financial Markets 17.4 26.7 32.6 43.8 181.7 179.0 127.5 101.9 AVERAGE TERMS: PUBLIC DEBT NEW COMMITMENTS ALL CREDITORS Interest (%) 6.8 8.3 7.2 7.3 8.6 11.2 10.9 11.2 Maturity (years) 15.1 15.2 13.8 12.4 15.3 10.7 12.6 10.6 Grace Period (years) 2.8 4.0 3.9 3.6 5.5 3.3 4.6 3.6 Grant Element (%) 15.9 14.0 16.3 15.2 10.1 -4.5 0.7 -1.7 OFFICIAL CREDITORS Interest (%) 6.6 5.9 6.1 5.8 6.2 6.8 7.3 6.9 Maturity (years) 18.6 21.5 20.8 18.7 24.7 13.7 18.2 13.2 Grace Period (years) 3.9 5.9 5.7 5.3 8.6 5.1 5.6 4.5 Grant Element (%) 20.0 28.7 26.8 28.3 27.7 18.9 18.5 16.2 PRIVATE CREDITORS Interest (%) 7.1 11.5 8.3 8.7 10.3 12.5 14.9 17.0 Maturity (years) 9.2 7.0 5.8 6.8 8.7 9.8 6.5 7.3 Grace Period (years) 1.0 1.6 1.8 2.0 3.3 2.8 3.6 2.4 Grant Element (%j 9.0 -5.3 4.3 3.6 -2.3 -11.7 -18.9 -25.4 MAJOR ECONOMIC AGGREGATES (U.S. $ MILLIONS)f Gross Nat. Product (GNP) 1,200 1,625 2,339 2,996 3,418 3,886 4,622 2,426 Exports of G. & S. XGS) 344 540 711 969 1,025 1,111 1,219 1,246 Imports of G. & S. MGS) 451 815 925 1,210 1,405 1,682 1,897 1,647 Intl. Reserves (RES) 45 53 103 203 212 163 197 143 PRINCIPAL RATIOS DOD/XGS (%) 60.2 56.2 75.4 75.9 92.6 116.2 134.5 148.8 DOD/GNP %) 17.3 18.7 22.9 24.5 27.8 33.2 35.5 76.4 TDS/XGS % 9.9 9.5 9.6 9.0 23.2 22.9 16.6 14.1 TDS/GNP % 2.8 3.2 2.9 2.9 7.0 6.5 4.4 7.2 INT/XGS % 2.9 3.4 3.9 3.7 6.3 7.4 10.5 8.5 INT/GNP % 0.8 1.1 1.2 1.2 1.9 2.1 2.8 4.4 RES/DOD %) 21.5 17.6 19.3 27.5 22.3 12.6 12.0 7:7 RES/MGS (months) 1.2 0.8 1.3 2.0 1.8 1.2 1.2 1.0 MEMORANDA Proportion of Disbursed Debt Concessional Loans (%) 34.6 29.7 20., 15.9 15.3 14.9 14.8 15.0 Var. Int. Rate Loans (%) 16.0 25.3 32.3 32.0 38.2 47.1 46.8 45.2 Use of IMF Credit(US$ mil ) - 23.1 37.5 35.6 31.7 57.7 56.9 102.6 1982 1983 1984 1985 1986 1987 1988 1989 PROJECTED PUBLIC DEBT SERVICE TOTAL DEBT SERVICE 371.1 388.1 386.4 435.8 378.6 284.8 244.9 168.4 Principal 175.0 203.2 218.9 288.3 263.8 192.2 172.7 110.2 Interest 196.1 184.8 167.5 147.5 114.9 92.6 72.2 56.2 OFFICIAL CREDITORS 114.7 127.3 137.4 147.3 181.8 136.5 134.0 124.9 Principal 57.9 67.3 75.3 84.8 121.0 80.4 81.6 76.7 Interest 56.8 60.0 62.1 62.5 60.7 56.1 52.4 48.2 PRIVATE CREDITORS 256.4 260.7 248.9 288.5 196.9 148.3 110.9 41.5 Principal 117.1 135.9 143.6 203.4 142.7 111.8 91.0 33.5 Interest 139.3 124.8 105.4 85.1 54.1 36.5 19.8 8.0 DOMINICAN REPUBLIC (US$ Millions) 1972 1974 1976 1977 1978 1979 1980 1981 TOTAL DEBT OUTSTANDING DISBURSED ONLY TOTAL DEBT . . .. .. 911.7 1,027.1 1,158.7 1,441.1 1,493.4 Public / Publicly Guar. 277.9 353.9 504.5 608.8 731.1 863.6 1,187.5 1,260.7 Private Non-guaranteed .. .. .. 302.9 296.0 295.1 253.6 232.7 PUBLiC / PUBLICLY GUARANTEED DEBT DEBT OUTS. INC. UNDISB. 336.3 584.9 784.3 873.7 934.7 1,397.1 1,787.1 1,836.0 Official Creditors 276.0 437.2 598.2 620.2 616.1 1,022.7 1,272.7 1,364.7 Multilateral 36.4 128.0 178.9 201.4 203.9 477.5 586.2 701.3 IBRD 25.0 42.7 56.4 54.2 52.0 136.9 219.7 241.5 IDA 9.0 22.1 22.1 22.1 22.1 22.1 22.1 22.0 Bilateral 239.7 309.2 419.4 418.8 412.2 545.2 686.5 663.4 Private Creditors 60.2 147.7 186.1 253.5 318.6 374.4 514.4 471.2 Suppliers 25.5 19.3 12.7 10.1 7.6 4.6 3.3 10.9 Financial Markets 34.7 128.3 173.4 243.4 311.0 369.7 511.1 460.3 DEBT OUTS. DISB. (DOD) 277.9 353.9 504.5 608.8 731.1 863.6 1,187.5 1,260.7 Official Creditors 236.0 252.3 339.1 392.1 436.3 502.9 710.2 818.5 Multilateral 27.7 29.3 35.2 53.8 87.4 117.2 204.7 277.5 IBRD 25.0 21.7 20.4 23.3 25.4 29.1 65.7 92.9 IDA 0.3 5.1 10.6 11.2 17.0 17.4 17.7 22.0 Bilateral 208.4 223.0 303.9 338.3 348.8 385.7 505.5 541.0 Private Creditors 41.9 101.6 165.4 216.7 294.8 360.7 477.3 442.2 Suppliers 19.2 18.9 12.7 10.1 7 6 4.6 2.3 1.4 Financial Markets 22.7 82.7 152.7 206.6 287.2 356.1 474.0 440.8 COMMITMENTS 67.7 184.3 171.6 139.6 115.9 645.4 453.0 171.0 Official Creditors 30.0 120.1 114.1 53.9 22.6 438.3 278.8 156.8 Multilateral - 65.0 16.0 24.7 4.6 276.5 109.6 119.0 IBRD - 21.0 10.0 - - 87.0 85.0 24.0 IDA - - - - - - Bilateral 30.0 55.1 98.1 29.1 18.0 161.9 169.2 37.8 Private Creditors 37.7 64.3 57.5 85.8 93.3 207.1 174.2 14.2 Suppliers 8.5 1.0 - 0.3 - 0.2 - 12.2 Financial Markets 29.2 63.2 57.5 85.5 93.3 206.9 174.2 2.0 DISBURSEMENTS 54.7 63.1 131.3 150.5 172.3 314.9 383.8 188.9 Official Creditors 19.1 19.1 69.9 82.0 67.5 97.7 238.6 169.2 Multilateral 0.3 4.0 8.3 20.8 35.8 32.2 90.2 75.6 IBRD - - 3.0 5.0 4.3 5.9 38.8 29.4 IDA 0.3 2.9 3.0 0.6 5.8 0.4 0.3 4.4 Bilateral 18.8 15.1 61.6 61.2 31.7 65.6 148.3 93.6 Private Creditors 35.6 44.0 61.5 68.5 104.8 217.2 145.3 19.7 Suppliers 14.2 2.8 - 0.3 - 0.2 0.0 2.7 Financial Markets 21.5 41.2 61.5 68.2 104.8 217.0 145.3 16.9 PRINCIPAL REPAYMENTS 9.3 21.8 36.8 45.4 49.0 189.5 60.7 103.4 Official Creditors 6.2 9.4 17.1 28.4 22.2 25.5 30.4 55.7 Multilateral 0.7 2.6 2.2 2.2 2.2 2.4 2.7 2.8 IBRD - 2.2 2.2 2.2 2.2 2.2 2.2 2.2 IDA - - - - - - - 0.1 Bilateral 5.5 6.8 14.9 26.2 20.0 23.0 27.7 52.9 Private Creditors 3.2 12.4 19.8 17.0 26.8 164.0 30.3 47.7 Suppliers 1.7 1.9 2.9 2.9 2.6 3.3 1.0 3.6 Financial Markets 1.4 10.5 16.9 14.1 24.2 160.7 29.2 44.1 NET FLOWS 45.4 41.3 94.5 105.1 123.4 125.5 323.2 85.4 Official Creditors 12.9 9.7 52.8 53.6 45.3 72.3 208.2 113.5 Multilateral -0.4 1.4 6.1 18.6 33.6 29.7 87.5 72.8 IBRD - -2.2 0.9 2.9 2.1 3.7 36.6 27.2 IDA 0.3 2.9 3.0 0.6 5.8 0.4 0.3 4.3 Bilateral 13.3 8.3 46.7 35.0 11.7 42.5 120.6 40.7 Private Creditors 32.5 31.6 41.7 51.5 78.0 53.2 115.0 -2E.O Suppliers 12.4 0.9 -2.9 -2.6 -2.6 -3.1 -1.0 -0.8 Financial Markets 20.0 30.8 44.6 54.1 80.6 56.3 116.0 -27.2 INTEREST PAYMENTS(INT) 7.0 10.6 18.3 23.6 39.8 54.9 96.6 124.7 Official Creditors 5.5 5.6 9.7 12.6 17.7 20.4 25.7 40.8 Multilateral 2.1 2.1. 2.3 2.5 3.2 3.8 4.5 8.9 IBRD 1.9 1.8 1.9 1.9 2.3 2.6 3.0 6.2 IDA - 0.0 0.1 0.1 0.1 0.1 0.1 0.1 Bilateral 3.5 3.5 7.4 10.1 14.5 16.6 21.3 32.0 Private Creditors 1.4 5.0 8.6 11.0 22.2 34.5 70.8 83.9 Suppliers 0.9 0.9 0.8 0.9 0.5 0.6 0.1 0.1 Financial Markets 0.5 4.2 7.8 10.1 21.7 33.8 70.7 83.8 DOMINICAN REPUBLIC (US$ Millions) 1972 1974 1976 1977 1978 1979 1980 1981 NET TRANSFERS 38.4 30.7 76.2 81.5 83.5 70.6 226.6 -39.3 official Creditors 7.4 4.1 43.1 41.0 27.6 51.9 182.4 72.6 Multilateral -2.4 -0.7 3.8 16.1 30.4 25.9 83.1 63.9 IBRD -1.9 -4.0 -1.0 1.0 -0.2 1.1 33.6 21.0 ID 0.3 2.9 2.9 0.5 5.7 0.2 0.2 4.1 Bilateral 9.8 4.8 39.3 24.9 -2.8 26.0 99.3 8.7 Private Creditors 31.0 26.6 33.1 40.5 55.9 18.7 44.2 -111.9 Suppliers 11.5 0.0 -3.6 -3.5 -3.1 -3.8 -1,1 -0.9 Financial Markets 19.5 26.6 36.7 44.1 3S.9 22.5 45.3 -111.0 TOTAL DEBT SERVICE(TDS) 16.3 32.4 55.1 68.9 88.6 244.3 157.2 228.2 Official Creditors 11.7 15.0 26.7 41.0 39.9 45.8 56.2 96.6 Multilateral 2.7 4.7 4.4 4.7 5.4 6.3 7.1 11.7 IBRD 1.9 4.0 4.1 4.1 4.5 4.7 5.2 8.4 IDA - 0.0 0.1 0.1 0.1 0.1 0.1 0.2 Bilateral 9.0 10.2 22.3 36.3 34.5 39.6 49.0 84.9 Private Crecitors 4.6 17.4 2a.4 28.0 46.9 ts8.5 101.1 131.6 Suppliers 2.6 2.8 3.6 3.8 3.1 3.9 1.2 3.7 Financial Markets 2.0 14.6 24.7 24.1 45.9 194.6 99.9 127.9 AVERAGE TERMS * PUBLIC DEBT NEW COMMITMENTS ALL CREDITORS Interest (%) 5.3 7.2 6.8 6.9 10.7 7.9 10.7 6.0 Maturity (years) 14.9 20.5 11.9 13.8 10.3 20.5 12.6 24.3 Grace Period (years) 3.6 6.6 3.3 4.9 3.7 6.0 3.3 5.3 Grant Element (%) 26.6 24.6 17.1 18.5 1.3 23.2 2.2 29.9 OFFICIAL CREDITORS Interest (%) 3.0 4.7 6.2 4.9 2.3 6.0 7.9 5.8 Maturity (years) 26.5 28.3 14.7 25.5 25.1 26.2 15.8 26.0 Grace Period (vears) 6.2 8.7 4.5 8.4 8.6 7.2 3.7 5.7 Grant Element (%) 50.7 42.4 23.2 40.0 57.9 38.9 16.1 32.3 PRIVATE CREDITORS Interest (%) 7.2 11.9 8.0 8.2 12.8 11.9 15.2 8.1 Maturity (years) 5.5 5.9 6.2 6.4 6.7 8.5 7.4 5.5- Grace Period (years) 1.6 2.5 1.0 2.7 2.6 3.5 2.7 0.7 Grant Element (%) 7.4 -8.5 5.1 5.0 -12.4 -10.o -20.0 3.9 MAJOR ECDNOMIC AGGREGATES lU.S. S MILLIONS) Gross Nat. Product (GNP 1.941 2,836 3,828 4,415 4,591 5,321 6,784 7,722 Exports of G. & S. XGS 437 762 964 1.063 980 1,328 1.479 - Imports of G. & S. MGS 490 1,011 1,108 1.208 1,310 1,704 2,171 Intl. Reserves (RES) 61 103 135 197 178 296 279 282 PRINCIPAL RATIOS ODD/XGS (%) 63.7 46.4 52.3 57.3 74.6 65.0 80.3 DOD/GNP (%) 14.3 12.5 13.2 13.8 15.9 16.2 17.5 16.3 TDS/XGS (% 3.7 4.2 5.7 6.5 9.1 18.4 10.6 TDS/GNP (% 0.8 1.1 1.4 1.6 1.9 4.6 2.3 3.0 INT/XGS (% 1.6 1.4 1.9 2.2 4.1 4.1 6.5 INT/GNP (% 0.4 0.4 0.5 0.5 0.9 1.0 1.4 1.6 RES/DOD %) 21.9 29.1 26.8 32.4 24.3 34.3 23.5 22.3 RES/MGS months) 1.5 1.2 1.5 2.0 1.6 2.1 1.5 - MEMORANDA Proportion of Disbursed Debt Concessional Loans (%) 67.9 59.8 47.0 41.0 38.0 36.8 33.8 36.6 Var. Int. Rate Loans (%) 4.0 14.6 19.7 24.0 31.8 41.6 43.? 40.5 Use of IMF Credit(US$ mil) 4.1 - 25.0 44.3 47.6 124.3 48.5 23.0 1982 1983 1984 1985 1986 1987 1988 1989 PROJECTED PUBLIC DEBT SERVICE TOTAL DEBT SERVICE 305.2 236.5 224.5 192.4 170.2 152.9 111.6 99.3 Principal 191.6 138.2 139.9 120,9 109.5 102.6 70.2 62.8 Interest 113.6 98.3 84.6 71.5 60.6 50.2 41.4 36.4 OFFICIAL CREDITORS 164.0 102.2 89.9 82.3 87.1 B8.7 87.7 86.5 Principal 119.2 61.7 51.1 42,8 47.3 49.9 50.7 51.5 Interest 44.8 40.5 38.8 39.5 39.8 38.8 36.9 35.1 PRIVATE CREDITORS 141.1 134.3 134.6 110.1 83.0 64.2 23.9 12.7 Principal 72.4 76.4 88.8 78.1 62.2 52.7 19.5 11.3 Interest 68.8 57.8 45.8 32.0 20.8 11.5 4.4 1.4 DOlMINCAN REPUBLIC (US$ MflItions) 1S72 1974 1976 1977 157S 1979 19S0 1981 PRIVATE NON-GUARANTEED DEBT DEBT OUTS.DISB. ONLY .. .. .. 302.9 296.0 295.1 253.6 232.7 Official Sources .. .. .. 16.5 17.3 29.8 8.4 8.6 Private Sources .. .. .. 286.4 278.7 265.3 245.2 224.1 Foreign Parent Comp. .. .. .. 111.9 111.8 106.S 98.1 87.9 Financial Institutions .. .. .. 123.8 140.8 135.9 10S.2 102.6 Suppliers .. .. .. 50.7 26.1 22.6 38.9 33.6 DISBURSEMENTS .. .. .. 76.7 48.7 36.0 66.6 6.3 Official Sources .. .. .. 1.3 1.8 13.1 3.7 1.0 Private Sources .. ., .. 75.A 46.9 22.9 62.9 5.4 Foreign Parent Comp. 4.2 - - - - Financial Institutions .. .. . 63.7 42.0 20.4 59.6 4.9 Suppliers .. .. .. 7.5 4.9 2.5 3.3 0.5 PRINCIPAL REPAYMENTS .. .. .. 44.5 55.8 36.8 73.5 27.3 Official Sources .. .. .. 1.0 1.0 0-6 108.2 08 Private Sources . . . .. 43.5 54.8 36.2 72.1 26.5 Foreign Parent Comp. .. .. .. 17.9 0.2 5.0 38.9 10.1 Financial Institutions .. .. . 12.6 25.1 25.3 64.0 10.6 Suppliers .. .. .. 13.0 29.5 5.9 7.0 5.8 NET FLOWS .. .. .. 32.2 -7.1 -0.8 -6.9 -21.0 Official Sources .. .. .. 0.3 0.8 12.5 -104.5 0.2 Private Sources .. .. .. 31.9 -7.9 -13.3 -9.2 -21.1 Foreign Parent Comp. .. .. .. -13.7 -0.2 -5.0 -38.9 -10.1 Financial Institutions .. .. .. 51.1 16.9 -4.9 -4.4 -5.7 Suppliers .. .. .. -5.5 -24.6 -3.4 -3.7 -5.3 INTEREST PAYMENTS .. .. .. 24.7 21.0 22.4 28.5 23.7 Official Sources .. .. .. 0.6 1.2 1.1 2.1 0.4 Private Sources .. .. .. 24.1 19.8 21.3 26.4 23.3 Foreign Parent Comp. .. .. .. 15.2 9.6 9.6 0.7 8.0 Financial Institutions .. .. .. 5.3 7.6 10.6 23.4 13.1 Suppliers .. .. .. 3.6 2.6 1.1 2.3 2.2 NET TRANSFERS .. .. .. 7.5 -28.1 -23.2 -35.4 -44.7 Official Sources .. .. .. -0.3 -0.4 11.4 -106.6 -0.2 Private Sources .. .. .. 7.8 -27.7 -34.6 -35.6 -44.4 Foreign Parent Comp. .. .. .. -28.9 -9.8 -14.6 -39.6 -18.1 Financial Institutions .. .. .. 45.8 9.3 -15.5 -27.8 -18.8 Suppliers .. .. .. -9.1 -27.2 -4.5 -6.0 -7.5 TOTAL DEBT SERVICE .. .. .. 69.2 76.8 59.2 102.0 51.0 Official Sources .. .. .. 1.6 2.2 1.7 110.3 1.2 Private Sources .. .. .. 67.6 74.6 57.5 98.5 49.8 Foreign Parent Comp . . . . . . 33.1 9.8 14.6 39.6 18.1 Financial Institutions .. . .. 17.9 32.7 35.9 87.4 23.7 Suppliers .. .. .. 16.6 32.1 7.0 9.3 8.0 1982 1983 1984 1985 1986 1987 1988 1989 PROJECTED NON-GUARANTEED DEST SERVICE TOTAL DEBT SERVICE 59.3 54.2 46.1 40.9 31.8 17.7 12.6 9.6 Principal 41.0 41.1 36.2 33.7 27.6 15.7 11.7 8.9 Interest 18.3 13.1 9.9 7.2 4.2 2.0 0.9 0.7 DOMINICAN REPUBLIC (USS Mfi1icns) 1972 1974 1976 1977 1978 1979 1980 1931 PUBLIC AND PRIVATE DEBT DEBT OUTS.DISB. ONLY .. .. .. 911.7 1,027.1 1,158.7 1,441.1 1,493.4 DISBURSEMENTS .. .. .. 227.2 221.0 350.9 450.4 195.2 PRINCIPAL REPAYMENTS .. .. .. 89.9 104.8 226.3 134.2 130.7 NET FLOWS .. .. .. 137.3 116.3 124.7 316.3 64.4 INTEREST PAYMENTS .. .. .. 48.3 60.8 77.3 125.1 148.4 NET TRANSFERS .. .. .. 89.0 55.4 47.4 191.2 -84.0 TOTAL DEBT SERVICE .. .. .. 138.1 165.6 303.5 259.2 279.2 1982 1983 1984 ,198S 1986 1987 1989 1989 PROJECTED PUBLIC AND PRIVATE DEBT SERVXE TOTAL DEBT SERVICE 364.5 290.7 270.8 233.3 202.0 170.6 124.2 108.9 PRINCIPAL 232.6 179.3 176.1 154.6 137.1 118.3 81.9 71.7 INTEREST 131.9 111.4 94.5 78.7 84.8 52.2 42.3 37.1 ECUADOR (US$ Mil ;ions) 1972 1974 1976 1977 1978 1979 1980 1981 TOTAL DEBT OUTSTANDING DISUfSED ONLY TOTAL DEBT .. .. . PuOlic / Publicly Guar. 309.5 331.6 623.6 1,143.5 1,589.3 2,082.5 2,654.8 3,391.7 Private Non-guaranteed .. . . . . . PUBLIC / PUBLICLY GUARANTEED DEB1I DEBT OUTS. INC. UNDISB. 480.5 804.2 1,072.6 1,789.5 2,263.3 2,948.4 3,679.7 4,256.7 Official Creditors 280.7 439.9 623.1 784.0 900.2 1,048.3 1,355.3 1,635.9 Multilateral 123.7 279.8 357.7 483.6 554.0 714.2 960.1 1,121.4 IBRD 43.5 79.1 124.8 18S.5 183.1 235.0 330.7 455.4 IDA 32.1 39.0 38.4 38.4 38.2 38.1 37.9 36.5 Bilateral 157.0 160.1 265.5 300.4 346.2 334.1 395.3 514.5 Private Creditors 199.9 i64.3 449.5 1,005.5 1,363.1 1,900.1 2,324.4 2,620.7 Suppliers 108.4 90.6 112.3 155.1 164.5 306.1 306.3 302.0 Financial Markets 91.5 73.7 337.2 850.4 1,198.6 1,594.0 2,018.1 2,318.8 DEBT OUTS. DISB. (DOD) 309.5 331.6 623.6 1,143.5 1,589.3 2,082.5 2,654.8 3,391.7 Official Creditors 181.4 215.4 336.3 397.9 489.2 570.9 656.8 896.1 Multilateral 83.0 99.9 164.7 191.5 224.0 287.3 360.2 463.S IBRD 34.3 37.2 42.0 43.6 60.4 85.2 109.4 151.3 IDA t1.8 21.3 31.0 35.7 36.4 36.5 36.3 36.5 Bilateral 98.4 115.5 171.5 206.4 265.3 283.5 296.6 432.4 Private Creditors 128.1 116.2 287.4 745.6 1,100.1 1,511.6 1,997.9 2,495.5 Suppliers 67.7 56.4 49.1 60.9 96.6 113.5 197.9 247.1 Financial Markets 60.4 59.9 238.3 684.7 1,003.4 1,398.1 1,800.0 2,248.4 COMMITMENTS 114.7 130.9 351.3 794.1 544.0 1,328.6 918.6 845.8 Official Creditors 55.0 111.9 114.5 172.1 115.0 208.8 335.8 365.5 Multilateral 18.2 109.2 56.7 141.8 80.2 i83.4 267.0 200.5 IBRD - 23.2 51.0 70.0 - 58.0 106.0 137.0 IDA 6.8 - - - - - - - Bilateral 36.8 2.7 57.7 30.3 34,8 25.5 68.8 165.0 Private Creditors 59.6 19.1 236.8 622.0 429.1 1,119.8 582.8 480.3 Suppliers 4.8 0.8 49.8 56.5 23.5 178.1 24.9 31.3 Financial Markets 54.8 18.3 187.0 565.5 405.5 941.6 557.9 449.0 DISBURSEMENTS 101.2 71.0 217.3 577.9 533.6 1,041.4 748.6 952.3 Official Creditors 20.6 30.6 85.6 73.1 100.1 97.0 109.2 302.7 Multilateral 10.8 16.9 41.7 36.5 42.3 77.4 91.3 128.2 IBRD 4.9 5.1 4.1 7.7 22.2 30.9 34.0 54.1 IDA 3.2 3.7 2.7 4.8 0.8 0.2 - 0.5 Bilateral 9.8 13.8 43.9 36.6 57.8 19.6 17.9 174.5 Private Creditors 80.6 40.4 131.7 504.8 432.5 944.4 639.4 649.6 Suppliers 22.2 4.4 8.9 24.8 53.4 49.3 108.7 84.8 Financial Markets 58.4 36.0 122.7 480.0 380.1 895.1 530.7 564.8 PRINCIPAL REPAYMENTS 27.6 77.8 56.6 72.5 110.4 573.5 178.7 190.5 Official Creditors 10.2 12.1 14.2 20.3 23.7 29.9 31.9 48.2 Multilateral 4.7 6.7 7.8 10.6 11.8 13.8 17.7 24.7 IBRD 2.6 3.7 5.2 6.0 5.5 6.1 9.8 12.3 IDA - 0.0 0.1 0.1 0.1 0.1 0.2 0.3 Bilateral 5.5 5.4 6.4 9.7 11.8 16.1 14.3 23.5 Private Creditors 17.4 65.7 42.4 52.2 86.7 543.6 146.7 142.3 Suppliers 12.4 19.2 15.3 15.6 20.1 35.5 24.0 28.4 Financial Markets 5.0 46.4 27.1 36.6 66.6 508.2 122.7 113.9 NET FLOWS 73.7 -6.8 160.6 505.4 423.2 467.9 569.9 761.8 Official Creditors 10.4 18.5 71.4 52.8 76.4 67.1 77.3 254.5 Multilateral 6.1 10.1 33.9 25.9 30.4 63.7 73.6 103.5 IBRO 2.3 1.4 -1.0 1.7 16.7 24.8 24.2 41.8 IDA 3.2 3.7 2.6 4.7 0.7 0.1 -0.2 0.2 Bilateral 4.3 8.4 37.5 26.9 46.0 3.5 3.7 151.0 Private Creditors 63.2 -25.3 89.3 452.6 346.8 400.8 492.7 507.3 Suppliers 9.8 -14.8 -6.4 9.2 33.2 13.8 84.7 56.4 Financial Markets 53.4 -10.4 95.7 443.4 313.6 386.9 408.0 450.9 INTEREST PAYMENTS(INT) 10.9 16.9 25.4 45.0 98.0 157.3 230.4 345.1 Official Creditors 6.0 7.9 11.4 15.7 19.1 28.2 31.2 40.8 Multilateral 3.3 4.9 7.0 9.0 10.9 14.1 19.0 25.8 IBRD 1.9 2.8 3.2 3.6 4.5 6.5 8.7 10.4 IDA 0.1 0.1 0.2 0.2 0.3 0.3 0.3 0.3 Bilateral 2.6 3.0 4.4 6.8 8.1 14.1 12.1 15.0 Private Creditors 4.9 9.0 14.0 29.3 78.9 129.2 199.2 304.3 Suppliers 2.2 4.6 3.1 3.7 11.4 5.0 7.3 19.7 Financial Markets 2.6 4.4 10.9 25.6 67.5 124.2 191.9 284.6 ECUADOR (US$ Millions) 1972 1974 1976 1577 1978 1979 1980 1981 NET TRANSFERS 62.8 -23.7 135.3 460.4 325.2 310.6 339.5 416.7 Official Creditors 4.5 10.6 60.0 37.1 57.x 38.9 46.1 213.8 Multilateral 2.8 5.2 26.9 16.9 19.5 49.6 54.6 77.7 IBRD 0.4 -1.4 -4.2 -2.0 12.2 18.3 15.5 31.4 IDA 3.1 3.6 2.4 4.5 0.4 -0.2 -0.4 -0.1 Bilateral 1.6 5.4 33.1 20.1 37.9 -10.7 -8.5 136.1 Private Creditors 58.3 -34.3 75.3 423.3 267.9 271.6 293.4 202.9 Suppliers 7.6 -19.5 -9.5 5.6 21 8 8.8 77.4 36.7 Financial Markets 50.8 -14.8 84.7 417.7 246 1 262.8 216.1 166.3 TOTAL DEBT SERVICE(TOS) 38.4 94.7 82.0 117.5 208.3 730.8 409.1 535.6 Official Creditors 16.1 20.0 25.6 36.0 42.7 58.1 63.1 88.9 Multilateral 8.0 11.7 14.8 19.5 22.8 27.8 36.7 50.5 IBRO 4.5 6.5 8.3 9.6 10.0 12.6 18.5 22.7 IDA 0.1 0.2 0.3 0.3 0.4 0.4 0.4 0.5 Bilateral 8.1 8.4 10.8 16.5 20.0 30.2 26.4 38.5 Private Creditors 22.3 74.7 56.4 81.5 165.6 672.8 346.0 446.7 Suppliers 14.7 23.9 18.4 19.3 31.6 40.5 31.4 48.1 Financial Markets 7.6 50.8 38.0 62.3 134.0 632.3 314.6 398.5 AVERAGE TERMS: PUBLIC DEBT NEW COMMITMENTS ALL CREDITORS Interest (%) 5.7 5.8 7.9 7.9 8.2 10.9 10.5 12.6 Maturity (years) 19.8 25.3 11.2 10.1 11.9 10.6 13.4 12.7 Grace Period (years) 5.0 6.6 2.9 2.9 3.6 3.6 4.3 4.2 Grant Element (%) 29.2 34.0 8.7 9.2 11.7 -4.5 1.8 -10.3 OFFICIAL CREDITORS Interest (%) 3.3 4.8 7.7 7.0 3.9 8.6 5.6 8.2 Maturity (years) 33.3 28.1 19.3 18.7 29.5 15.3 25.3 17.8 Grace Period (years) 7.5 7.4 5.0 4.9 7.5 4.9 6.4 4.4 Grant Element (%) 52.8 41.0 14.0 19.9 49.2 9.0 33.9 13.9 PRIVATE CREDITORS Interest (%) 7.8 11.5 8.0 8.1 9.3 11.3 12.7 15.9 Maturity (years) 7.3 9.2 7.3 7.7 7.2 9.7 7.9 8.8 Grace Period (years) 2.7 1.4 2.0 2.3 2.5 3.4 3.3 4.1 Grant Element (%) 7.3 -7.5 6.1 6.2 1.6 -7.1 -12.9 -28.8 MAJOR ECONOMIC AGGREGATES (U.S. $ MILLIONS)' Gross Nat. Product (GNP 1,807 3,484 5,172 6,434 7,396 9,080 10,833 12,594 Exports of G. & S. (XGS 367 1,333 1,432 1,618 1,740 2.478 2,976 3,000 Imports of G. & S. (MGS) 460 1,327 1,469 1,996 2,483 3,133 3,648 4,026 Intl. Reserves (RES 144 391 529 689 728 934 1.257 797 PRINCIPAL RATIOS DOD/XGS (%) 84.3 24.9 43.6 70.7 91.3 84.0 89.2 113.1 DOD/GNP %) 17.1 9.5 12.1 17.8 21.5 22.9 24.5 26.9 TDS/XGS % 10.5 7.1 5.7 7.3 12.0 29.5 13.7 17.9 TDS/GNP %) 2.1 2.7 1.6 1.8 2.8 8.0 3.8 4.3 INT/XGS % 3.0 1.3 1.8 2.8 5.6 6.3 7.7 11.5 INT/GNP % 0.6 0.5 0.5 0.7 1.3 1.7 2.1 2.7 RES/DOD % 46.6 117.8 84.9 60.3 45.8 44.8 47.4 23.5 RES/MGS months) 3.8 3.5 4.3 4.1 3.5 3.6 4.1 2.4 MEMORANDA Proportion of Disbursed Debt Concessional Loans (%) 41.5 46.4 35.8 22.0 17.2 15.2 12.3 9.9 Var. Int. Rate Loans (%) 1.1 12.4 27.0 44.2 52.0 59.4 62.2 62.7 Use of IMF Credit(US$ mil) 9.0 - - - - - - - 1982 1983 1984 1985 1986 1987 1988 1989 PROJECTED PUBLIC DEBT SERVICE TOTAL DEBT SERVICE 718.2 788.6 792.1 786.7 726.5 643.6 512.0 357.7 Principal 295.7 389.4 436.7 482.6 481.8 460.6 386.5 279.2 Interest 422.5 399.2 355.4 304.1 244.7 183.0 125.6 78.5 OFFICIAL CREDITORS 116.9 132.8 149.9 169.9 175.4 163.9 153.9 138.3 Principal 54.3 65.1 78.8 98.5 107.9 102.8 99.9 91.5 Interest 62.6 67.7 71.1 71.4 67.5 61.1 54.0 46.8 PRIVATE CREDITORS 601.3 655.8 642.2 616.8 551.1 479.7 358.2 219.5 Principal 241.4 324.3 357.9 384.1 373.9 357.8 286.6 187.7 Interest 359.9 331.5 284.3 232.7 177.2 121.9 71.6 31.8 178 EL SALVADOR (USS Millions.) 1972 1974 1976 1977 1978 1979 19S0 1981 TOTAL DEBT OUTSTANDING DISBURSED ONLY TOTAL DEBT .. .. .. .. .. Public / Publicly Guar. 109.1 175.7 262.6 266.0 333.7 404.7 509.4 664.0 Private Non-guaranteed . . .. . .. .. .. PUBLIC / PUBLICLY GUARANTEED DEBT DEBT OUTS. INC. UNDISB. 157.0 295.6 450.6 450.6 646.7 717.2 925.6 1,034.6 Official Creditors 133.8 204.6 376.0 424.6 621.2 696.5 904.0 1,013.6 Multilateral 79.0 145.6 258.8 290.1 390.5 455.9 592.9 659.0 IBRD 36.2 78.0 113.6 118.7 147.7 168.3 165.4 161.8 IDA 14.4 21.8 21.6 27.5 27.4 27.3 27.2 27.0 Bilateral 54.8 59.0 117.2 134.5 230.8 240.6 311.1 354.6 Private Creditors 23.2 91.1 74.5 26.0 25.5 20.7 21.5 20.9 Suppliers - - - - - - - - Financial Markets 23.2 91.1 74.5 26.0 25.5 20.7 21.5 20.9 DEBT OUTS. DISB. (DOD) 109.1 175.7 262.6 266.0 333.7 404.7 509.4 654.0 Official Creditors 87.6 103.6 189.0 240.1 312.7 388.2 497.8 651.8 Multilateral 50.9 60.3 95.3 128.1 181.4 229.2 286.1 350.6 IBRD 22.3 29.3 48.9 56.1 65.0 79.6 87.1 98.3 IDA 13.5 15.8 18.1 18.9 20.8 23.8 26.6 27.0 Bilateral 36.7 43.2 93.7 111.9 131.3 159.0 211.7 301.2 Private Creditors 21.5 72.1 73.6 26.0 21.0 16.5 11.6 12.3 Suppliers - - - - - - - - Financial Markets 21.5 72.1 73.6 26.0 21.0 16.5 11.6 12.3 COMMITMENTS 23.4 134.6 90.7 58.5 206.5 84.6 234.6 134.1 Official Creditors 16.1 42.4 90.7 58.5 202.3 84.4 223.9 133.7 Multilateral 12.1 42.4 69.9 38.8 105.5 73.6 145.7 75.9 IBRD 9.5 19.5 39.0 6.7 32.0 23.5 - - IDA - 6.0 - 6.0 - - - - Bilateral 4.0 - 20.8 19.8 96.8 10.8 78.2 57.8 Private Creditors 7.3 92.2 - - 4.3 0.2 10.7 0.4 Suppliers - - _- - - - Financial Markets 7.3 92.2 - - 4.3 0.2 10.7 0.4 DISBURSEMENTS 22.4 87.9 88.5 57.7 80.3 83.4 123.8 181.6 Official Creditors 16.4 14.4 47.5 56.8 80.3 83.0 119.1 180.5 Multilateral 10.3 10.7 20.4 36.1 57.5 52.9 61.5 75.4 IBRD 0.9 7.9 9.2 8.8 11.2 17.4 10.4 14.9 IDA 4.8 0.0 1.6 0.9 2.1 3.1 2.9 0.6 Bilateral 6.1 3.6 27.1 20.7 22.7 30.1 57.6 105.1 Private Creditors 6.0 73.5 41.0 0.9 - 0.4 4.7 1.1 Suppliers - - - - - - - Financial Markets 6.0 73.5 41.0 0.9 - 0.4 4.7 1.1 PRINCIPAL REPAYMENTS 6.7 18.9 22.2 54.0 12.3 12.7 17.2 17.1 Official Creditors 4.0 5.5 4.1 5.5 7.3 7.7 7.6 15.6 Multilateral 3.2 4.1 2.8 3.4 4.2 5.0 4.9 9.0 IBRD 2.4 2.4 1.3 1.6 2.2 2.7 2.9 3.7 IDA 0.0 0.1 0.1 0.1 0.1 0.1 0.1 0.2 Bilateral 0.9 1.4 1.3 2.1 3.1 2.7 2.7 6.5 Private Creditors 2.6 13.3 18.0 48.5 5.0 5.0 9.6 1.5 Suppliers - - - - - - - - Financial Markets 2.6 13.3 18.0 48.5 5.0 5.0 9.6 1.5 NET FLOWS 15.7 69.0 86.4 3.7 68.0 70.7 106.6 164.5 Official Creditors 12.4 8.9 43.4 51.3 72.9 75.3 111.5 165.0 Multilateral 7.2 6.6 17.6 32.7 53.3 47.8 56.6 66.4 IBRD -1.5 5.5 7.8 7.2 9.0 14.6 7.5 11.2 IDA 4.8 -0.1 1.5 0.8 2.0 3.0 2.8 0.4 Bilateral 5.2 2.2 25.8 18.6 19.6 27.4 54.9 98.5 Private Creditors 3.4 60.2 22.9 -47.6 -5.0 -4.5 -4.9 -0.4 Suppliers - - - - - - - - Financial Markets 3.4 60.2 22.9 -47.6 -5.0 -4.5 -4.9 -0.4 INTEREST PAYMENTS(INT) 3.7 5.2 14.1 15.5 17.6 20.7 24.1 28.0 Official Creditors 2.9 4.0 9.1 11.4 14.9 18.0 22.0 25.7 Multilateral 2.4 3.3 4.7 6.0 7.5 10.4 11.2 13.5 IBRD 1.4 2.1 3.3 4.1 5.2 6.2 7.2 7.1 IDA 0.1 0.1 O.i 0.1 0.1 0.2 0.2 0.2 Bilateral 0.5 0.7 4.4 5.3 7.4 7.6 10.7 12.2 Private Creditors 0.8 1.2 5.0 4.2 2.7 2.7 2.1 2.4 Suppliers - - - - - - - - Financial Markets 0.8 1.2 5.0 4.2 2.7 2.7 2.1 2.4 179 EL SALVADOR (US$ Mi1lions) 1972 1974 1976 1977 1978 1979 1980 1981 NET TRANSFERS 12.1 63.8 52.2 -11.8 50.4 50.0 82.5 136.5 Official Creditors 9.5 4.8 34.3 40.0 58.0 57.3 89.5 139.3 Multilateral 4.8 3.3 13.0 26.7 45.8 37.5 45.4 52.9 IBRD -2.9 3.5 4.6 3.1 3.8 8.4 0.3 4.1 IDA 4.6 -0.2 1.3 0.6 1.8 2.8 2.6 0.2 Eilateral 4.7 1.5 21.4 13.3 12.2 19.8 44.1 86.3 Private Creditors 2.6 59.0 17.9 -51.8 -7.6 -7.3 -7.0 -2.8 Suppliers - - - - - _ _ Financial Markets 2.6 59.0 17.9 -51.8 -7.6 -7.3 -7.0 -2.8 TOTAL DEBT SERVICE(TDS) 10.4 24.1 3E.3 69.5 29.9 33.4 41.3 45.1 Official Creditors 7.0 9.5 13.2 16.9 22.3 25.7 29.6 41.2 Multilateral 5.6 7.4 7.5 9.4 11.7 15.4 16.1 22.5 IBRD 3.9 4.5 4.6 5.7 7.4 8.9 10.1 10.8 IDA 0.2 0.2 0.2 0.2 0.2 0.3 0.3 0.4 Bilateral 1.4 2.1 5.7 7.5 10.6 10.3 13.5 18.7 Private Creditors 3.4 14.5 23.1 52.7 7.6 7.7 11.7 3.9 Suppliers - - - - - - - - Financial Markets 3.4 14.5 23.i 52.7 7.6 7.7 11.7 3.9 AVERAGE TERMS: PUBLIC DEBT NEW COMMITMENTS ALL CREDITORS Interest (%) 5.8 10.0 6.4 4.7 6.0 6.6 3.4 3.7 Maturity (years) 17.6 16.1 22.9 25.6 23.6 21.2 27.3 23.6 Grace Period (years) 5.2 5.0 6.3 7.7 6.5 7.3 8.1 6.5 Grant Element (%) 22.7 7.5 26.2 42.1 30.6 25.0 50.1 45.6 OFFICIAL CREDITORS Interest (%) 5.3 4.8 6.4 4.7 5.9 6.6 2.7 3.7 Maturity (years) 23.2 34.5 22.9 25.6 24.0 21.2 27.5 23.7 Grace Period (years) 6.3 9.6 6.3 7.7 6.6 7.4 8.2 6.6 Grant Element (%) 28.8 43.9 26.2 42.1 31.4 25.1 55.2 45.8 PRIVATE CREDITORS Interest (%) 6.9 12.4 - - 11.2 7.5 16.5 7.0 Maturity (years) 5.1 7.7 - - 7.7 10.2 22.3 9.8 Grace Period (years) 2.7 2.8 - - 2.6 2.7 7.2 0.2 Grant Element (%) 9.2 -9.2 - - -4.9 10.3 -55.5 10.3 MAJOR ECONOMIC AGGREGATES (U.S. $ MILLINS) Gross Nat. Product GNP) 1,142 1,556 2,276 2,838 3,025 3,480 3,420 3,434 Exports of G. & S. XGS 339 519 900 1.160 1,052 1,497 1,175 Imports of G. & S. MGS 339 671 905 1,135 1,297 1,369 1,302 Intl. Reserves (RES) 95 168 251 294 381 400 382 277 PRINCIPAL RATIOS DOD/XGS % 32.1 33.9 29.2 22.9 31.7 27.9 43.4 DOD/GNP % 9.6 11.3 11.5 9.4 11.0 11.6 14.9 19.3 TDS/XGS % 3.1 4.6 4.0 6.0 2.8 2.2 3.5 TDS/GNP % 0.9 1.5 1.6 2.5 1.0 1.0 1.2 1.3 INT/XGS % 1.1 1.0 1.6 1.3 1.7 1.4 2.0 INT/GNP % 0.3 0.3 0.6 0.5 0.6 0.6 0.7 0.8 RES/DOD % 87.5 95.7 95.5 110.4 114.3 98.9 74.9 41.7 RES/MGS months) 3.4 3.0 3.3 3.1 3.5 3.5 3.5 MEMORANDA Proportion of Disbursed Debt Concessional Loans (%) 53.7 39.6 34.5 42.2 44.2 45.6 47.7 54.6 Var. Int. Rate Loans (%) 12.1 1.9 12.6 0.6 1.9 2.0 3.6 2.5 Use of IMF Credit(US$ mil 9.5 21.9 14.9 - - - 6.9 43.8 1982 1983 1984 1985 1986 1987 1988 1989 PROJECTED PUBLIC DEBT SERVICE TOTAL DEBT SERVICE 78.1 75.4 74.1 87.1 66.3 72.8 74.0 75.1 Principal 46.7 43.8 43.1 36.6 35.8 42.5 44.4 46.7 Interest 31.4 31.6 31.0 30.5 30.5 30.4 29.5 28.4 OFFICIAL CREDITORS 72.9 70.6 69.5 64.6 84.4 70.9 72.0 72.9 Principal 43.5 40.9 40.2 35.7 35.6 42.2 44.1 46.1 Interest 29.4 29.6 29.3 28.9 28.8 28.7 27.8 26.8 PRIVATE CREDITORS 5.2 4.8 4.6 2.5 2.0 2.0 2.0 2.2 Principal 3.2 2.9 2.9 0.9 0.3 0.3 0.3 0.6 Interest 2.0 1.9 1.7 1.6 1.7 1.7 1.7 1.6 180 GUATEMALA (USS Ai I u ions) 1972 1974 1976 1977 1978 1979 1380 1981 TOTAL DEBT OUTSTANDING DISBURSED ONLY TOTAL DEBT .. .. .. .. .. Public / Publicly Guar. 105.0 114.5 210.4 275.2 372.3 482.3 560.6 684.1 Private Non-guaranteed .. .. .. .. .. .. PUBLIC / PUBLICLY GUARANTEED DEBT DEBT OUTS. INC. UNDISB. 182.7 200.3 551.3 658.3 783.5 837.1 882.3 1,041.1 Official Creditors 144.2 183.7 538.6 647.4 775.5 830.0 881.9 1,041.1 Multilateral 76.9 115.1 349.8 433.2 540.4 561.9 605.3 739.0 IBRD 47.3 46.3 111.4 165.1 235.3 232.9 246.3 236.9 IDA - - - - - - - - Bilateral 67.2 68.6 188.9 214.1 235.1 268.1 276.6 302.1 Private Creditors 38.6 16.5 12.7 10.9 8.0 7.1 0.5 - Suppliers 9.2 7.0 4.7 3.4 2.5 1.5 0.5 - Financial Markets 29.4 9.6 8.1 7.5 5.6 5.6 - - DEBT OUTS. DISB. (DOD) 105.0 114.5 210.4 275.2 372.3 482.3 580.6 684.1 Official Creditors 71.9 104.9 203.6 270.5 368.5 479.4 560.1 684.1 Multilateral 45.0 65.5 89.5 130.9 195.7 282.0 347.2 427.9 IBRD 21.5 33.7 42.4 46.4 64.3 108.4 143.8 171.3 IDA - - - - - - - - Bilateral 26.9 39.4 114.0 139.6 172.7 197.3 212.9 256.1 Private Creditors 33.1 9.6 6.8 4.7 3.9 2.9 0.5 - Suppliers 9.2 7.0 4.7 3.4 2.5 1.5 C.5 _ Financial Markets 23.9 2.7 2.1 1.3 1.4 1.4 - - COMMITMENTS 36.8 23.9 275.3 106.2 136.5 66.8 83.4 182.0 Official Creditors 18.4 23.6 275.3 106.0 135.9 65.4 83.4 182.0 Multilateral 18.4 19.1 189.3 87.2 113.8 32.0 55.6 153.0 IBRO 16.0 - 41.0 55.0 72.0 - 17.0 - IDA - - - - - - - - Bilateral - 4.5 86.0 18.8 22.1 33.4 27.8 29.0 Private Creditors 18.3 0.3 - 0.2 0.6 1.4 - - Suppliers - - - - - - Financial Markets 18.3 0.3 - 0.2 0.6 1.4 - - DISBURSEMENTS 30.4 23.4 51.9 62.2 105.9 121.8 111.9 144.1 Official Creditors 14.1 23.4 50.5 62.0 105.3 120.4 111.9 144.1 Multilateral 6.9 14.2 19.3 44.0 71.3 95.4 77.0 97.6 IBRD 5.1 7.2 4.0 5.3 19.8 46.5 39.0 34.6 IDA - - - - - - - Bilateral 7.2 9.2 31.1 18.0 34.0 25.0 34.9 46.5 Private Creditors 16.3 - 1.5 0.2 0.6 1.4 - - Suppliers - - - - - - - Financial Markets 16.3 - 1.5 0.2 0.6 1.4 - - PRINCIPAL REPAYMENTS 34.4 21.0 5.7 7.1 9.3 12.5 33.3 20.2 Official Creditors 3.9 4.2 3.9 5.0 7.9 10.1 30.8 19.7 Multilateral 2.0 2.1 2.8 3.8 7.0 9.7 11.6 16.4 IBRD 0.6 0.5 1.0 1.3 1.9 2.4 3.6 7.1 IDA - - - - - - - - Bilateral 1.8 2.1 1.1 1.3 0.9 0.4 19.3 3.3 Private Creditors 30.5 16.8 1.8 2.0 1.4 2.3 2.4 0.5 Suppliers 1.1 1.1 1.2 1.3 0.9 1.0 1.1 0.5 Financial Markets 29.4 15.8 0.6 0.8 0.5 1.4 1.4 - NET FLOWS -4.0 2.4 46.2 55.1 96.6 109.4 78.6 123.9 Official Creditors 10.2 19.3 46.6 56.9 97.4 110.3 81.0 124.4 Multilateral 4.8 12.2 16.5 40.2 64.3 85.7 65.4 81.2 IBRD 4.5 6.6 3.0 4.0 17.9 44.1 35.4 27.5 IDA - - - - - - - - Bilateral 5.4 7.1 30.1 16.7 33.2 24.6 15.6 43.2 Private Creditors -14.2 -16.8 -0.4 -1.8 -0.9 -1.0 -2.4 -0.5 Suppliers -1.1 -1.1 -1.2 -1.3 -0.9 -1.0 -1.1 -0.5 Financial Markets -13.1 -15.8 0.8 -0.6 0.1 0.0 -1.4 - INTEREST PAYMENTS(INT) 6.7 5.9 9.1 9.9 20.3 27.3 31.3 29.8 Official Creditors 3.3 4.8 8.6 9.4 19.9 26.9 31.2 29.8 Multilateral 2.5 4.0 5.5 6.5 11.8 16.3 20.8 18.4 IBRD 1.2 2.1 3.2 3.2 5.9 7.9 11.0 9.3 IDA - - - - - - - - Bilateral 0.8 0.8 3.1 2.9 8.1 10.6 10.4 11.4 Private Creditors 3.4 1.1 0.5 0.5 0.4 0.4 0.1 - Suppliers 0.7 0.5 0.4 0.3 0.3 0.2 - - Financial Markets 2.7 0.6 0.1 0.1 0.1 0.1 0.1 - 181 GUATEMALA (US$ Millions) 1972 1974 1376 1977 1978 1979 1980 1981 NET TRANSFERS -10.7 -3.5 37.1 45.2 76.3 82.1 47.3 94.1 Official Creditors 7.0 14.5 37.9 47.5 77.5 83.4 49.8 94.6 Multilateral 2.3 8.2 11.0 33.7 52.5 69.4 44.6 62.8 IBRD 3.3 4.5 -0.2 0.8 12.0 36.2 24.4 18.2 IDA - - - - Bilateral 4.6 6.3 27.0 13.8 25.0 14.0 5.2 31.8 Private Creditors -17.7 -18.0 -0.9 -2.3 -1.3 -1.3 -2.5 -0.5 Suppliers -1.8 -1.6 -1.6 -1.6 -1.2 -1.2 -1.1 -0.5 Financial Markets -15.8 -16.4 0.7 -0.7 -0.1 -0.1 -1.5 - TOTAL DEBT SERVICE(TDS) 41.1 26.9 14.9 16.9 29.6 39.7 64.6 50.0 Official Creditors 7.1 9.0 12.5 14.4 27.8 37.0 62.1 49.5 MLJltilateral 4.5 6.1 8.4 10.2 18.8 26.0 32.3 34.8 IBRD 1.8 2.7 4.2 4.4 7.8 10.3 14.6 16.3 IDA - - - - Bilateral 2.6 2.9 4.2 4.2 9.0 11.0 29.7 14.7 Private Creditors 34.0 18.0 2.3 2.5 1.8 2.7 2.5 0.5 Suppliers 1.8 1.6 1.6 1.6 1.2 1.2 1.1 0.5 Financial Markets 32.1 16.4 0.7 0.9 0.6 1.5 1.5 - AVERAGE TERMS: PUBLIC DEBT NEW COMMITMENTS ALL CREDITORS Interest (%) 7.6 4.4 4.8 6.2 6.1 7.1 7.8 6.5 Maturity (vears) 15.4 26.4 29.2 22.1 21.3 14.3 16.2 24.4 Grace Period (years) 3.0 7.2 8.2 6.2 6.4 6.7 4.7 6.5 Grant Element (%) 12.9 42.4 42.2 28.1 28.4 18.5 13.2 31.2 OFFICIAL CREDITORS Interest (%) 7.0 4.4 4.8 6.2 6.1 7.1 7.8 6.5 Maturity (years) 19.9 26.5 29.2 22.1 21.3 14.1 18.2 24.4 Grace Period (years) 4.9 7.3 8.2 6.2 6.4 6.8 4.7 6.5 Grant Element (%) 18.7 42.6 42.2 28.1 28.5 18.4 13.2 31.2 PRIVATE CREDITORS Interest (%) 8.2 5.5 - 6.2 6.2 6.2 - - Maturity (years) 10.9 17.5 - 21.4 21.4 21.4 - - Grace Period (years) 1.0 0.7 - 1.9 1.9 1.9 - - Grant Element (%) 7.0 22.9 - 22.3 22.3 22.3 - - MAJOR ECONOMIC AGGREGATES {U.S. $ MILLIONS) Gross Nat. Product (GNP) 2,054 3,111 4.292 5.448 6,044 6,891 7,794 8.569 Exports of G. & S. XGS) 398 720 1.008 1,371 1,354 1,552 1.833 1,524 Imports of G. & S. ~MGS 439 879 1.284 1,499 1,734 1,884 2,107 2,196 Intl. Reserves (RES) 148 273 557 753 858 964 753 357 PRINCIPAL RATIOS DOD/XGS %) 26.4 15.9 20.9 20.1 27.5 31.1 30.6 44.9 DOD/GNP % 5.1 3.7 4.9 5.1 6.2 7.0 7.2 8.0 TDS/XGS % 10.3 3.7 1.5 1.2 2.2 2.6 3.5 3.3 TDS/GNP %) 2.0 0.9 0.3 0.3 0.5 0.6 0.8 0.6 INT/XGS %) 1.7 0.8 0.9 0.7 1.5 1.8 1.7 2.0 INT/GNP % 0.3 0.2 0.2 0.2 0.3 0.4 0.4 0.3 RES/DOD %) 141.0 238.3 264.9 273.4 230.4 199.8 134.3 52.2 RES/MGS months) 4.0 3.7 5.2 6.0 5.9 6.1 4.3 2.0 MEMORANDA Proportion of Disbursed Debt Concessional Loans (%) 43.5 53.6 41.5 37.0 37.8 35.1 36.8 36.3 Var. Int. Rate Loans (% 15.6 - - 5.4 4.0 2.9 2.0 1.2 Use of IMF Credit(US$ S l) - - - - - - 111.3 1982 1983 1984 1985 1986 1987 1988 1989 PROJECTED PUBLIC DEBT SERVICE TOTAL DEBT SERVICE 101.0 75.3 82.5 87.2 122.8 88.8 87.4 85.9 Principal 59.3 33.4 39.2 44.1 81.0 51.1 52.5 54.0 Interest 41.7 41.9 43.3 43.1 41.9 37.7 35.0 31.8 OFFICIAL CREDITORS 101.0 75.3 82.5 87.2 122.8 88.8 87.4 85.9 Principal 59.3 33.4 39.2 44.1 81.0 51.1 52.5 54.0 Interest 41.7 41.9 43.3 43,1 41.9 37.7 35.0 31.8 PRIVATE CREDITORS - - - - - - - - Principal - - - Interest - - - - - - - - 182 GUYANA (USS Millions) 1972 1974 197S 1977 1978 1979 1980 19E1 TOTAL DEBT OUTSTANDING DISBURSED ONLY TOTAL DEBT .. .. Public / Publicly Guar. 150.8 205.4 361.4 400.5 434.9 493.7 545.4 635.7 Private Non-guaranteed . . . .. .. .. .. . PUBLIC / PUBLICLY GUARANTEED DEBT DEBT OUTS. INC. UNDISB. 223.8 347.7 457.3 483.0 655.8 713.7 742.9 852.6 Official Creditors 154.7 234.6 250.2 273.6 458.0 498.4 519.E 654.6 Multilateral 22.9 41.4 53.1 59.4 167.9 198.9 215.7 302.2 IBRD 13.3 31.7 39.4 38.9 53.4 52.9 60.0 74.6 IDA 9.6 9.6 13.6 13.6 28.6 28.6 28.6 35.8 Bilateral 131.9 193.2 197.1 214.2 290.1 299.5 303.8 352.5 Private Creditors 68.8 113.1 207.0 209.4 197.8 215.3 223.5 197.9 Suppliers - 2.8 28.8 29.2 27.9 24.9 32.3 23.7 Financial Markets 16.2 49.6 93.2 97.4 91.7 116.5 123.1 113.2 DEBT OUTS. DISB. (DOD) 150.8 205.4 361.4 400.5 434.9 493.7 545.4 635.7 Official Creditors 81.9 114.7 177.4 200.7 240.6 285,1 328.9 448.0 Multilateral 4.8 14.3 23.7 29.6 43.2 72.2 105.6 167.9 IBRD 4.0 10.1 18.6 20.1 25.3 34.4 35.9 42.0 IDA 0.8 4.2 5.1 e.7 9.6 16.0 18.1 25.8 Bilateral 7?.2 100.5 153.7 171.1 197.4 212.8 223.3 280.2 Private Creditors 68.8 90.7 184.1 199.8 194.4 208.6 216.5 187.6 Suppliers - 2.0 17.4 25.8 27.8 24.3 30.4 23.2 Financial Markets 16.2 27.9 81.7 91.3 88.4 110.4 118.0 103.4 COMMITMENTS 38.6 88.7 66.6 31.8 197.7 95.2 66.4 185.9 Official Creditors 38.6 65.3 18.1 23.2 187.9 44.5 35.5 173.7 Multilateral 4.4 12.9 0.1 6.8 108.7 31.0 18.9 89.9 IBRD - 12.9 - - 15.0 - 8.0 15.5 IDA 4.4 - - - 15.0 - - 7.4 Bilateral 34.2 52.4 18.1 16.5 79.2 13.6 16.6 83.8 Private Creditors - 23.4 48.5 8.5 9.8 50.7 30.8 12.1 Suppliers - 0.7 19.9 0.6 2.4 1.1 12.3 1.9 Financial Markets - 22.7 28.6 7.9 7.4 49.6 18.5 10.2 DISBURSEMENTS 9.5 34.2- 70.0 46.3 59.6 99.2 87.8 156.6 Official Creditors 9.5 29.1 30.6 24.3 44.1 51.7 57.5 149.3 Multilateral 2.2 5.7 3.9 6.4 13.8 29.5 34.4 64.0 IBRD 2.0 3.7 3.4 2.0 5.8 9.6 2.3 7.1 IDA 0.2 2.0 0.5 1.6 2.9 6.4 2.2 7.8 Bilateral 7.3 23.3 26.7 17.9 30.2 22.1 23.1 85.3 Private Creditors - 5.1 39.5 22.1 15.5 47.5 30.3 7.3 Suppliers - 2.3 11.3 9.2 5.8 0.6 11.0 2.9 Financial Markets - 2.8 28.2 12.9 9.7 46.8 19.2 4.4 PRINCIPAL REPAYMENTS 2.7 5.2- 13.3 17.0 32.4 65.8 42.8 38.6 Official Creditors 1.6 2.2 3.1 3.5 7.1 12.6 16.4 15.8 Multilateral - 0.1 0.2 0.5 0.5 0.5 0.9 1.0 IBRD - 0.1 0.2 0.5 0.5 0.5 0.8 1.0 IDA - - - - - 0.0 0.0 0.1 Bilateral 1.6 2.1, 2.9 3.1 6.5 12.1 15.5 14.7 Private Creditors 1.1 3.0 10.3 13.4 25.3 53.2 26.4 22.8 Suppliers - 0.4 1.3 2.8 5.2 6.0 6.4 5.5 Financial Markets - 1.7 3.9 5.2 14.5 40.9 12.7 14.2 NET FLOWS 6.8 29.0 56.7 29.4 27.2 33.3 45.0 118.0 Official Creditors 7.9 26.9 27.5 20.8 37.0 39.0 41.1 133.5 Multilateral 2.2 5.6 3.7 5.9 13.3 29.0 33.5 62.9 IBRD 2.0 3.6 3.2 1.5 5.3 9.1 1.4 6.1 IDA 0.2 2.0 0.5 1.6 2.9 6.4 2.1 7.8 Bilateral 5.8 21.2 23.8 14.9 23.7 10.0 7.6 70.6 Private Creditors -1.1 2.1 29.2 8.6 -9.8 -5.7 3.9 -15.5 Suppliers - 2.0 10.0 6.4 0.7 -5.4 4.6 -2.6 Financial Markets - 1.2 24.3 7.7 -4.8 6.0 6.5 -9.9 INTEREST PAYMENTS(INT) 5.9 8.1 19.6 15.2 17.1 24.7 26.2 35.6 Official Creditors 2.8 3.4 5.9 5.5 6.9 9.0 10.8 10.8 Multilateral 0.3 0.6 1.2 1.7 2.0 2.8 4.1 4.5 IBRD 0.3 0.6 1.2 1.6 1.9 2.3 2.9 2.2 IDA 0.0 0.0 0.1 0.0 0.1 0.1 0.1 0.1 Bilateral 2.5 2.7 4.7 3.8 4.9 6.2 6.7 6.3 Private Creditors 3.2 4.7 13.7 9.7 10.2 15.7 15.3 24.8 Suppliers - 0.1 0.5 1.5 2.0 2.4 2.1 2.3 Financial Markets 0.7 2.6 4.7 6.0 6.1 10.5 10.4 14.1 183 BtYANA (Us$ M i 1I i4s) 1972 1974 1976 1977 1978 1979 1980 1981 NET TRANSFERS 0.9 20.9 37.2 14.2 10.1 8.6 1a.8 82.4 Official Creditors 5.2 23.5 21.6 15.3 30.1 30.0 30.3 122.7 Multilateral 1.9 5.0 2.5 4.2 11.3 26.2 29.4 58.4 IBRD 1.8 3.0 2.0 -0.1 3.4 6.8 -1.5 3.9 IDA 0.2 2.0 0.5 1.5 2.9 6.3 2.0 7.6 Bilateral 3.3 18.5 19.1 11.1 18.8 3.9 0.9 64.3 Private Creditors -4.3 -2.6 15.6 -1.1 -20.0 -21.4 -11.5 -40.3 Suppliers - 1.9 9.5 4.9 -1.3 -7.8 2.6 -4.9 Financial Markets -0.7 -1.4 19.6 1.7 -11.0 -4.5 -3.9 -23.9 TOTAL DEST SERVICE(TDS) 8.6 13.3 32.9 32.1 49.4 90.5 69.0 74.2 Official Creditors 4.3 5.6 9.0 9.0 14.0 21.6 27.2 26.6 Multilateral 0.3 0.8 1.4 2.1 2.5 3.4 5.0 5.6 IBRD 0.3 0.7 1.3 2.1 2.4 2.8 3.8 3.2 IDA 0.0 0.0 0.1 0.0 0.1 0.1 0.2 0.2 Bilateral 4.0 4.8 7.6 6.9 11.5 18.3 22.2 21.0 Private Creditors 4.3 7.7 23.9 23.1 35.5 68.9 41.8 47.7 Suppliers - 0.5 1.9 4.2 7.1 8.4 8.5 7.9 Financial Markets 0.7 4.3 8.6 11.2 20.7 51.4 23.1 28.3 AVERAGE TERMS: PUBLIC DEBT NEW COMMITMENTS ALL CREDITORS Interest (%) 0.7 7.0 6.1 5.3 3.4 8.8 9.4 4.0 Maturity (years) 26.9 16.2 6.9 21.9 28.6 16.0 9.5 20.0 Grace Period (years) 9.8 4.1 2.C 4.8 7.7 4._5 3.3 5.2 Grant Element (%) 72.6 20.8 12.8 33.4 51.7 16.4 6.2 38.0 OFFICIAL CREDITORS Interest (%) 0.7 5.1 4.4 4.2 3.1 4.7 5.8 3.8 Maturity (years) 26.9 19.6 9.1 27.8 29.8 27.6 12.7 20.9 Grace Period (years) 9.8 4.5 1.9 6.1 8.0 8.3 5.0 5.5 Grant Element (%) 72.6 31.7 20.7 44.4 54.4 41.5 23.0 40.2 PRIVATE CREDITORS Interest (%) - 12.3 6.7 8.5 9.7 12.3 13.5 7.4 Maturity (years) - 6.5 6.0 5.8 5.2 5.9 5.9 6.1 Grace Per-ca (years) - 2.8 2.1 1.1 1.9 1.2 1.5 0.6 Grant Element (%) - -9.6 9.9 3.6 0.1 -5.6 -13.3 6.6 MAJOR ECONOMIC AGGREGATES {U.S. $ MILLIONS) Gross Nat. Product (GNP) 276 407 422 415 475 491 559 561 Exports of G. & S. (XGS 164 293 295 276 314 315 411 - Imports of G. & S. (MGS 179 300 431 369 337 398 538 Intl. Reserves (RES) 37 63 27 23 58 18 13 PRINCIPAL RATIOS DOD/XGS %) 92.0 70.1 122.6 145.3 138.6 156.7 132.6 DOD/GNP %} 54.5 50.5 85.7 96.6 91.6 100.5 97.6 113.4 TDS/XGS % 5.2 4.5 11.2 11.7 15.8 28.7 16.8 TDS/GNP 3.1 3.3 7.8 7.7 10.4 18.4 12.3 13.2 INT/XGS %) 3.6 2.8 6.6 5.5 5.4 7.8 6.4 INT/GNP % 2.1 2.0 4.6 3.7 3.6 5.0 4.7 6.4 RES/DOD %) 24.4 30.5 7.5 5.7 13.4 3.6 2.3 1.1 RES/MGS months) 2.5 2.5 0.8 0.7 2.1 0.5 0.3 MEMORANDA Proportion of Disbursed Debt Concessional Loans (%) 34.2 30.1 27.2 27.2 31.3 33.4 37.4 50.3 Var. Int. Rate Loans (% - 6.1 17.8 17.1 15.0 15.8 16.7 12.8 Use of IMF Credit(US$ mil - 6.1 20.0 21.0 39.4 53.3 86.0 86.2 1982 1983 1984 1985 1986 1987 1988 1989 PROJECTED PUBLIC DEBT SERVICE TOTAL DEBT SERVICE 88.9 92.1 84.9 85.0 70.8 63.6 56.6 50.0 Principal 55.4 60.5 55.9 59.6 49.1 45.1 39.6 35.3 Interest 33.6 31.6 29.0 25.4 21.7 18.6 17.0 14.7 OFFICIAL CREDITORS 37.9 39.6 41.3 47.2 48.1 46.9 44.2 45.5 Principal 23.3 23.4 25.1 29.5 31.5 31.6 29.8 31.7 Interest 14.6 16.1 16.2 17.7 16.6 15.3 14.4 13.7 PRIVATE CREDITORS 51.0 52.5 43.5 37.9 22.7 16.7 12.4 4.6 Principal 32.1 37.0 30.8 30.2 17.6 13.5 9.8 3.6 Interest 19.0 15.5 12.8 7.7 5.1 3.2 2.5 0.9 184 HAITI (USs Millions) 1972 1974 1976 1977 1978 1979 1980 1981 TOTAL DEBT OUTSTANDING DISBURSED ONLY TOTAL DEBT .. .. .. .. .. .. Public / Publicly Guar. 43.4 45.8 78.6 129.0 175.6 213.9 258.2 294.8 Private Non-guaranteed . . .. .. . .. . . PUBLIC / PUBLICLY GUARANTEED DEBT DEBT OUTS. INC. UNDISB. 90.9 85.1 173.1 212.4 268.3 348.4 382.0 463.9 Official Creditors 37.9 74.3 170.5 207.1 264.7 335.2 356.3 393.1 Multilateral 0.4 30.3 106.8 134.1 184.3 244.4 259.9 287.9 IBRD - - - - - - - - IDA 0.4 10.4 51.9 61.9 93.5 110.0 110.0 129.4 Bilateral 37.5 44.0 63.7 73.0 80.4 90.9 96.4 105.2 Private Creditors 13.0 10.9 2.7 5.4 3.6 13.2 25.7 70.8 Supplie"s 9.0 6.9 2.7 1.5 0.5 0.2 - 8.C Financial Markets 4.0 4.0 - 3.8 3.1 13.0 25.7 62.8 DEBT OUTS. DISB. (DOD) 43.4 45.8 78.6 129.0 175.6 213.9 258.2 294.8 Official Creditors 30.7 35.5 75.9 123.7 171.9 209.7 236.6 267.4 Multilateral 0.4 0.6 31.4 70.1 103.8 127.5 156.7 178.6 IBRD - - - - - - - - IDA 0.4 0.4 19.4 37.3 45.3 53.2 66.3 82.4 Bilateral 30.4 34.8 44.5 53.5 68.2 82.1 79.9 88.8 Private Creditors 12.7 10.3 2.7 5.4 3.6 4.2 21.6 27.4 Suppliers 8.7 6.3 2.7 1.5 0.5 0.2 - 6.4 Financial Markets 4.0 4.0 - 3.8 3.1 4.0 21.6 21.0 COMMITMENTS 10.0 38.0 79.6 49.2 63.8 85.0 44.2 100.7 Official Creditors 10.0 36.8 79.6 45.3 63.8 74.3 28.8 51.0 Multilateral - 29.9 54.5 27.3 49.6 59.7 15.6 32.3 IBRC - - - - IDA - 10.0 21.5 10.0 31.6 16.5 - 20.6 Bilateral 10.0 6.9 25.1 18.0 14.1 14.6 13.2 18.7 Private Creditors - 1.3 - 3.9 - 10.8 15.4 49.8 Suppliers - 1.3 - - - - - 8.0 Financial Markets - - - 3.9 - 10.8 15.4 41.8 DISBURSEMENTS 4.6 10.4 34.7 60.1 54.5 43.2 54.9 54.4 Official Creditors 2.9 8.1 34.7 56.2 54.5 41.4 34.7 43.9 Multilateral - 0.2 20.7 38.7 33.1 23.4 29.2 25.7 IBRD - - - - - - IDA - - 13.2 17.9 7.9 7.9 13.1 16.2 Bilateral 2.9 7.9 14.0 17.6 21.4 18.0 5.5 18.2 Private Credi.tors 1.8 2.3 - 3.9 - 1.8 20.2 10.5 Suppliers 1.8 2.3 - - - - - 6.4 Financial Markets - - - 3.9 - 1.8 20.2 4.2 PRINCIPAL REPAYMENTS 3.6 5.6 8.7 9.7 8.5 5.3 10.5 14.0 Official Creditors 0.8 3.0 6.5 8.5 6.8 4.1 7.7 9..3 Multilateral 0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IBRD 0.1 - - - - - - - IDA 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bilateral 0.7 3.0 6.5 8.5 6.8 4.1 7.7 9.3 Private Creditors 2.8 2.6 2.2 1.2 1.7 1.2 2.8 4.7 Suppliers 2.8 2.6 2.2 1.1 1.0 0.3 0.2 - Financial Markets - - - 0.1 0.7 0.9 2.6 4.7 NET FLOWS 1.0 4.8 26.o 50.5 46.0 37.9 44.3 40.4 Official Creditors 2.0 5.0 28.2 47.8 47.7 37.3 27.0 34.6 Multilateral -0.1 0.2 20.7 38.7 33.1 23.4 29.2 25.7 IBRD -0.1 - - - - - - - IDA 0.0 0.0 13.2 17.9 7.9 7.9 13.1 16.2 Bilateral 2.1 4.8 7.5 9.1 14.6 13.9 -2.2 8.9 Private Creditors -1.0 -0.3 -2.2 2.7 -1.7 0.6 17.3 5.9 Suppliers -1.0 -0.3 -2.2 -1.1 -1.0 -0.3 -0.2 6.4 Financial Markets - - - 3.8 -0.7 0.9 17.5 -0.5 INTEREST PAYMENTS(INT) 0.3 0.5 1.5 2.7 3.4 2.8 5.4 6.0 Official Creditors 0.1 0.4 1.4 2.5 3.0 2.3 3.1 3.4 Multilateral 0.0 0.0 0.3 0.6 0.8 1.0 1.3 1.5 IBRD 0.0 - - - - - - - IDA 0.0 0.0 0.1 0.3 0.3 0.4 0.4 0.5 Bilateral 0.1 0.4 1.1 2.0 2.2 1.3 1.9 1.9 Private Creditors 0.2 0.1 0.2 0.2 0.4 0.5 2.2 2.6 Suppliers 0.2 0.1 0.2 0.1 0.1 0.0 - - Financial Markets - - - 0.1 0.3 0.5 2.2 2.6 185 HAITI (US$ Mi lions) 1972 1974 1976 1977 1978 1979 1980 Is81 NET TRANSFERS 0.7 4.3 24.5 47.8 42.6 35.1 38.9 34.4 Official Creditors 1.9 4.7 26 8 45.2 44.7 35.0 23.8 31.2 Multilateral -0.1 0.2 20.4 3B.1 32.3 22.3 27.9 24.2 JBRD -0.1 - - - - IDA 0.0 0.0 13.0 17.7 7.6 7.6 12.7 15.6 8ilateral 2.0 4.5 6.4 7.1 12.4 12.6 -4.1 7.0 Private Creditors -1.2 -0.4 -2.3 2.5 -2.1 0.1 15.1 3.2 Suppliers -1.2 -0.4 -2.3 -1.2 -1.1 -0.4 -0.2 6.4 Financial Markets - - 3.7 -1.1 0.4 15.3 -3.2 TOTAL DEBT SERVICE(TDS) 3.9 6.1 10.2 12.4 11.9 8.1 15.9 20.0 Official Creditors 0.9 3.4 7.9 11.0 9.8 6.4 10.9 12.7 Multilateral 0.1 0.0 0.3 0.6 0.8 1.0 1.3 1.5 IBRD 0.1 - - - - - - - IDA 0.0 0.0 0.1 0.3 0.3 0.4 0.4 0.5 Bilate'al 0.8 3.4 7.6 10.4 9.0 5.4 9.6 11.2 Private Creditors 3.0 2.7 2.3 1.4 2.1 1.7 5.1 7.3 Suppliers 3.0 2.7 2.3 1.2 1.1 0.4 0.2 - Financial Markets - - - 0.2 1.1 1.4 4.9 7.3 AVERAGE TERMS: PUBLIC DEBT NEW COMMITMENTS ALL CREDITORS Tnterest (%) 9.0 1.9 1.9 2.8 1.8 2.8 5.0 5. 1 9aturity (years) 9.5 40.8 41.7 34.9 38.7 33.5 18.1 27.5 Grace Period (years) 0.5 9.9 9.8 8.4 8.5 7.7 4.7 5.3 Grant Element (%) 2.8 70.8 71.0 59.9 68.1 59.4 35.0 37.6 OFFICIAL CREDITORS Interest (%) 9.0 1.7 1.9 2.3 1.8 1.9 2.5 2.7 Maturity years) 9.5 41.9 41.7 37.3 38.7 37.3 24.8 41.7 Grace Period (years) 0.5 10.2 9.8 9.0 8.5 8.8 6.7 8.5 Grant Element (%) 2.8 72.9 7t.0 64.7 68.1 67.6 53.1 63.6 PRIVATE CREDITORS Interest (%) - 6.7 - 8.4 - 8.8 9.7 7.5 Maturity (years) - 10.0 - 6.9 - 7.1 5.5 13.2 Grace Periodi (years) - 1.0 - 0.7 - 0.6 1.1 2.0 Grant Element (%) - 12.0 - 3.9 - 2.8 1.0 11.5 MAJOR ECONOMIC AGGREGATES (U.S. S MILLIONS) Gross Nat. Product (GNP) 471 692 872 1,010 1,015 1.163 1.436 1,573 Exports of G. & S. (XGS) 86 114 215 252 296 301 413 372 Imports of G. & S. (MGS) 88 148 270 323 381 397 554 582 Intl. Reserves (RES) 18 20 28 35 41 64 27 31 PRINCIPAL RATIOS DOD/XGS %) 50.5 40.3 36.5 51.2 59.3 71.2 62.5 79.3 DOD/GNP %) 9.2 6.6 9.0 12.8 17.3 18.4 18.0 18.7 TDS/XGS %) 4.5 5.4 4.7 4.9 4.0 2.7 3.9 5.4 TDS/GNP %) 0.8 0.9 1.2 1.2 1.2 0.7 1.1 1.3 INT/XGS %) 0.3 0.4 0.7 1.1 1.2 0.9 1.3 1.6 INT/GNP 1%) 0.1 0.1 0.2 0.3 0.3 0.2 0.4 0.4 RES/DOD (%) 41.6 43.7 35.8 26.9 23.3 30.0 10.3 10.5 RES/MGS months) 2.5 1.6 i.2 1.3 1.3 1.9 0.6 0.6 MEMORANDA Proportion of Disbursed Debt Concessional Loans (%) 64.2 56.2 82.4 89.5 93.0 92.8 88.1 88.6 Var. Int. Rate Loans (%) - - - 1.5 0.9 1.4 2.9 1.9 Use of IMF Credit(US$ mil) - 8.1 14.4 10.2 10.0 7.5 21.9 37.2 1982 1983 1984 1985 1986 1987 1988 1989 PROJECTED PUBLIC DEBT SERVICE TOTAL DEBT SERVICE 12.5 17.9 21.4 22.6 24.0 23.7 23.0 21.8 Principal 6.2 10.4 13.5 14.7 15.9 15.7 15.2 14.5 Interest 6.3 7.5 7.9 8.0 8.1 8.0 7.8 7.3 OFFICIAL CREDITORS 6.3 7.1 9.1 11.5 13.3 15.1 16.3 16.9 Principal 2.3 2.8 4.4 6.6 8.2 9.8 10.9 11.3 Interest 4.0 4.3 4.6 4.9 5.1 5.3 5.4 5.6 PRIVATE CREDITORS 6.2 10.8 12.3 11.1 10.7 8.5 6.7 5.0 Principal 3.9 7.6 9.1 8.0 7.8 5.9 4.4 3.2 Interest 2.4 3.2 3.2 3.0 2.9 2.6 2.4 1.7 186 HONDURAS (US$ Millions) 1972 1974 1976 1977 1978 1979 1980 1981 TOTAL DEBT OUJTSTANDING DISBURSED ONLY TOTAL DEBT . . . 458.3 598.2 759.4 917.6 1,172.1 1,394.9 Public / Publicly Guar. 119.4 171.2 344.0 457.5 594.4 759.7 981.0 1,223.2 Private Non-guaranteed . . .. 114.3 140.7 165.0 157.9 191.1 171.7 PUBLIC / PUBLICLY GUARANTEED DEBT DEBT OUTS. INC. UNDISB. 169.3 275.8 589.9 809.9 969.4 1,261.0 1,709.8 1,931.0 Official Creditors 161.4 254.1 529.3 716.8 801.7 999.8 1,420.9 1,516.7 Multilateral 122.1 181.8 370.4 500.3 560.8 708.6 1,017.1 1,055.8 IBRD 58.3 76.4 145.2 154.5 192.3 223.5 375.3 370.0 IDA 24.8 35.8 49.5 54.4 59.2 59.1 83.8 83.5 Bilateral 39.3 72.3 158.9 216.5 240.9 291.2 403.8 460.9 Private Creditors 7.9 21.8 60.6 93.1 167.7 261.2 288.9 414.4 Suppliers 4.9 12.5 22.0 21.6 61.5 73.3 76.6 86.4 Financial Markets 3.0 9.3 38.6 71.5 106.2 187.9 212.3 327.9 DEST OUTS. DISB. (DOD) 119.4 171.2 344.0 457.5 594.4 759.7 981.0 1,223.2 Official Creditors 114.7 156.5 300.7 371.8 481.0 577.1 705.1 853.5 Multilateral 85.0 109.7 191.4 238.4 312.0 374.2 475.6 557.5 IBRO 34.1 45.4 67.4 87.0 108.7 131.9 152.2 176.4 IDA 22.2 26.9 30.4 32.8 41.1 46.6 64.0 76.6 Bilateral 29.8 46.9 109.4 133.4 169.0 202.9 229.5 296.0 Private Creditors 4.6 14.7 43.3 85.7 113.4 182.6 275.9 369.8 Suppliers 1.6 5.7 13.0 19.7 18.7 16.0 72.1 85.5 Financial Markets 3.0 9.0 30.3 66.0 94.7 166.6 203.8 284.3 COMMITMENTS 19.9 67.5 156.2 241.8 190.1 351.3 493.3 248.7 Official Creditors 15.7 63.3 117.3 203.5 104.4 216.0 448.5 135.1 Multilateral 15.7 36.2 82.9 144.0 76.3 164.6 336.4 72.8 IBRD 12.3 3.0 35.0 12.0 41.0 34.5 156.0 - IDA - 3.0 14.0 5.0 5.0 - 25.0 - Bilateral - 27.1 34.4 59.5 28.1 51.4 112.2 62.3 Private Creditors 4.2 4.1 38.9 38.3 85.7 135.3 44.8 113.6 Suppliers 1.2 1.1 11.4 1.0 42.8 14.8 5.9 7.1 Financial Markets 3.0 3.0 27.5 37.3 42.9 120.5 38.9 106.4 DISBURSEMENTS 20.2 43.7 93.4 133.3 165.3 224.6 261.7 254.0 Official Creditors 17.2 32.6 66.7 85.1 126.7 113.3 151.6 167.2 Multilateral 13.3 18.4 38.5 59.9 88.6 78.1 122.1 97.8 IBRD 2.2 7.3 13.0 22.2 24.9 26.4 24.4 29.5 IDA 4.6 1.2 1.8 2.5 8.4 5.7 17.7 12.9 Bilateral 3.9 14.2 28.3 25.2 38.1 35.2 29.5 69.4 Private Creditors 3.0 11.1 26.7 48.2 38.7 111.2 110.1 86.8 Suppliers - 4.2 3.4 8.1 1.5 0.6 58.2 15.3 Financial Markets 3.0 6.9 23.3 40.1 37.1 110.7 52.0 71.5 PRINCIPAL REPAYMENTS 4.0 5.9 13.4 19.8 28.1 62.6 39.3 37.4 Official Creditors 3.3 4.6 10.1 13.9 17.2 17.6 22.6 18.0 Multilateral 3.1 4.5 9.9 12.8 15.0 16.1 20.3 14.5 IBRD 1.7 1.9 2.3 2.7 3.2 3.3 4.1 5.3 IDA 0.1 0.1 0.1 0.1 0.2 0.2 0.2 0.3 Bilateral 0.1 0.1 0.3 1.1 2.2 1.5 2.4 3.6 Private Creditors 0.7 1.3 3.2 5.8 10.9 45.0 16.6 19.3 Suppliers 0.7 0.7 1.0 1.5 2.5 3.3 2.3 4.0 Financial Markets - 0.6 2.3 4.4 8.4 41.7 14.3 15.4 NET FLOWS 16.2 37.8 80.0 113.5 137.2 161.9 222.5 216.6 Official Creditors 13.9 26.0 56.6 71.1 109.4 95.7 128.9 149.2 Multilateral 10.2 13.9 28.6 47.0 73.6 62.0 101.8 63.3 IBRD 0.5 5.4 10.8 19.5 21.8 23.1 20.3 24.2 IDA 4.5 1.1 1.7 2.4 8.3 5.5 17.5 12.6 Bilateral 3.7 14.1 28.0 24.1 35.8 33.7 27.1 65.9 Private Creditors 2.3 9.8 23.4 42.4 27.7 66.2 93.5 67.4 Suppliers -0.7 3.5 2.4 6.7 -1.0 -2.7 55.8 11.3 Financial Markets 3.0 6.3 21.0 35.7 28.7 69.0 37.7 56.1 INTEREST PAYMENTS(INT) 3.9 6.2 15.4 21.9 31.4 45.9 58.9 77.2 Official Creditors 3.8 5.3 13.2 16.9 23.2 30.9 31.4 43.4 Multilateral 3.5 4.8 9.8 12.0 16.3 22.9 24.6 32.0 IBRD 2.2 3.2 4.4 5.8 8.5 11.0 12.4 14.3 IDA 0.2 0.2 0.2 0.2 0.2 0.3 0.4 0.5 Bilateral 0.3 0.5 3.3 4.9 6.9 8.0 6.8 11.4 Private Creditors 0.1 1.0 2.3 4.9 8.2 15.0 27.5 33.8 Suppliers 0.1 0.5 0.9 1.0 1.8 1.4 1.1 1.2 Financial Markets - 0.4 1.4 3.9 6.3 13.6 26.5 32.6 187 HDNDURAS (Uss Mi I i oils) 1972 1974 1976 1977 1978 1979 1980 19S1 NET TRANSFERS 12.3 31.6 64 6 91.6 105.8 116.0 163.5 139.4 Official Creditors 10.i 22.7 43.4 54.2 86.3 64.8 97.6 105.8 Multilateral 6.7 9.1 18.8 35.0 57.3 39.0 77.2 51.3 IBRD -1.7 2.2 6.4 13.7 13.2 12.1 7.9 10 0 IDA 4.4 1.0 1.5 2.2 B.0 5.2 17.1 12.1 Bilateral 3.5 13.6 24.7 19.2 29.0 25.8 20.3 54.4 Private Creditors 2.2 8.8 21.2 37.4 19.5 51.2 66.0 33.6 Suppliers -0.8 3.0 1.6 5.7 -2.8 -4.1 54.7 10.1 Financial Markets 3.0 5.9 19.6 31.8 22.4 55.4 11.2 23.5 TOTAL DEBT SERVICE(TDS) 7.9 12.1 28.8 41.6 59.5 108.5 98.2 114.6 Official Creditors 7.1 9.9 23.3 30.9 40.4 48.5 54.0 61.5 Multilateral 6.7 9.3 19.7 24.8 31.3 39.1 44.9 46.5 IBRD 3.9 5.2 6.6 8.6 11.7 14.3 16.5 19.6 IDA 0.2 0.3 0.3 0.4 0.4 0.5 0.6 0.8 Bilateral 0.4 0.6 3.6 6.0 9.1 9.5 9.2 15.0 Private Creditors 0.8 2.2 5.5 10.8 19.1 60.0 44.2 53.2 Suppliers 0.8 1.2 1.8 2.5 4.4 4.7 3.4 5.2 Financial Markets - 1.0 3.7 8.3 14.7 55.3 40.7 48.0 AVERAGE TERMS: PUBLIC DEBT NEW COMMITMENTS ALL CREDITORS Interest ~%) 7.1 4.2 5.7 4.2 7.7 7.8 7.0 10.7 Maturity years) 19.6 29.1 22.6 28.8 16.0 20.7 23.8 19.0 Grace Period (years) 3.6 8.0 6.2 7.8 5.5 6.0 6.5 4.4 Grant Element (%) 17.5 45.7 32.1 47.2 15.9 21.8 25.8 3.8 OFFICIAL CREDITORS Interest (%) 6.8 3.8 4.8 3.5 6.5 4.5 6.0 6.2 Maturity (years) 22.7 30.5 27.8 33.1 20.9 27.8 25.6 23.1 Grace Period (years) 4.1 8.4 7.5 9.0 7.8 8.1 6.9 6.9 Grant Element (%) 20.2 48.9 40.7 55.2 25.7 44.4 31.0 29.1 'PRIVATE CREDITORS Interest %) 7.9 10.4 8.2 8.3 9.1 13.1 16.9 16.0 Maturity years) 8.0 7.9 7.2 5.6 10.0 9.3 6.5 14.1 Grace Period (years) 1.6 2.1 2.5 1.9 2.7 2.6 2.4 1.5 Grant Element (%) 7.0 -2.2 6.2 5.0 4.0 -14.1 -27.0 -26.3 MAJOR ECONOMIC AGGREGATES (U.S. $ MILLIONS) Gross Nat. Product (GNP) 820 1,026 1,238 1,483 1,741 2,047 2,404 2,598 Exports of G. & S. (XGS) 237 337 463 594 707 859 967 903 Imports of G. & S. (MGS) 257 473 581 737 881 1,071 1,306 1,233 Intl. Reserves (RES) 35 45 131 182 188 216 159 107 PRINCIPAL RATIOS DOD/XGS % 50.3 50.8 74.2 77.0 84.1 88.4 t10.4 135.4 DODOGNP % 14.6 16.7 27.8 30.9 34.2 37.1 40.8 47.1 TDS/XGS % 3.3 3.6 6.2 7.0 8.4 12.6 10.2 12.7 TDS/GNP % 1.0 1.2 2.3 2.8 3.4 5.3 4.1 4.4 INT/XGS % 1.6 1.8 3.3 3.7 4.4 5.3 6.1 8.6 INT/GNP % 0.5 0.6 1.2 1.5 1.8 2.2 2.5 3.0 RES/DOD % 29.6 26.2 38.2 39.8 31.6 28.5 16.2 8.8 RES/MGS months) 1.7 1.1 2.7 3.0 2.6 2.4 1.5 1.0 MEMORANDA Proportion of Disbursed Debt Concessional Loans (%) 62.4 55.9 38.5 35.7 38.3 37.3 34.8 33.2 Var. Int. Rate Loans (%) 2.5 3.4 6.5 11.1 13.3 20.1 21.6 22.8 Use of IMF Credit(US$ mil) - 20.5 19.5 5.2 - - 15.0 37.7 1982 1983 1984 1985 1986 1987 1988 1989 PROJECTED PUBLIC DEBT SERVICE TOTAL DEBT SERVICE 190.9 188.3 202.2 191.7 199.4 176.7 162.0 139.6 Principal 92.2 90.6 108.6 104.1 119.3 106.4 100.2 85.0 Interest 98.7 97.7 93.6 87.6 80.0 70.3 61.8 54.6 OFFICIAL CREDITORS 87.6 90.4 113.5 113.3 125.4 125.5 122.7 116.8 Principal 38.9 37.2 56.6 55.5 68.6 71.1 71.9 70.0 Interest 48.7 53.2 56.7 57.8 56.8 54.4 50.7 46.8 PRIVATE CREDITORS 103.3 97.9 88.7 78.4 73.9 51.2 39.4 22.7 Principal 53.3 53.4 51.7 48.6 50.7 35.2 28.3 15.0 Interest 50.1 44.5 36.9 29.8 23.2 16.0 11.1 7.7 188 HONDURAS (US$ M, 11Hion5) 1972 1974 1976 1977 1978 1979 1980 1981 PRIVATE NON-GUARANTEED DEBT DEBT OUTS.DISB. ONLY . .. 114.3 140.7 165.0 157.9 101.1 171.7 Official Sources .. .. 29.2 31.1 30.5 32.6 33.0 30.6 Private Sources .. .. 85.1 109.6 134.5 125.3 158.1 14i.1 Foreign Parent Comp. .. .. 4.4 4.1 3.4 2.4 2.4 - Financial Institutiol1s .. .. 79.6 102.9 127.4 112.0 143.4 123.2 Suppliers .. .. 1.1 2.6 3.7 10.9 12.3 17.9 DISBURSEMENTS .. .. .. 66.6 70.8 54.1 81.4 58.8 Official Sources .. .. .. 5.8 3.0 5.0 4.5 4.9 Private Sources .. .. .. 60.8 67.8 49.1 76.9 53.9 Foreign Parent Comp. . . . - Financial Institutions .. .. .. 59.1 66.3 42.3 74.7 45.7 Suppliers .. .. .. 1.7 1.5 6.8 2.1 8.2 PRINCIPAL REPAYMENTS .. .. .. 40.2 46.4 59.5 48.3 82.8 Official Sources .. .. .. 3.8 3.6 5.1 4.2 8.5 Private Sources .. .. .. 36.4 42.8 54.4 44.1 54.1 Foreign Parent Comp. .. .. .. 0.3 0.7 1.0 - 2.4 Financial Institutions .. .. .. 35.9 41.7 52.8 43.3 48.7 Suppliers .. .. .. 0.2 0.4 0.6 0.8 3.0 NET FLOWS .. .. .. 26.4 24.4 -5.4 33.1 -3.8 Official Sources .. .. .. 2.0 -0.6 -0.1 0.3 -3.6 Private Sourcas . .. .. 24.4 25.0 -5.3 32.8 -0.2 Foreign Parent Comp. .. .. .. -0.3 -0.7 -1.0 - -2.4 Financial Institutions .. .. .. 23.2 24.6 -10.5 31.4 -3.0 Suppliers .. .. .. 1.5 1.1 6.2 1.3 5.2 INTEREST PAYMENTS .. .. .. 8.8 12.0 14.1 24.5 17.5 Official Sources .. . .. 2.3 2.5 1.8 3.0 3.1 Private Sources .. . .. 6.5 9.5 12.3 21.6 14.4 Foreign Parent Comp. .. .. .. 0.1 0.1 2.7 - 1.2 Financial Institutions .. .. .. 6.3 9.4 9.4 21.1 12.6 Suppliers .. .. .. 0.1 - 0.2 0.5 0.6 NET TRANSFERS .. .. .. 17.6 12.4 -19.5 8.6 -21.3 Official Sources .. .. .. -0.3 -3.1 -1.9 -2.7 -6.7 Private Sources .. .. .. 17.9 15.5 -17.6 11.2 -14.6 Foreign Parent Comp. .. .. .. -0.4 -0.8 -3.7 - -3.6 Financial Institutions .. .. .. 16.9 15.2 -19.9 10.3 -15.6 Suppliers .. .. .. 1.4 1.1 6.0 0.8 4.6 TOTAL DEBT SERVICE .. .. .. 49.0 58.4 73.6 72.8 80.1 Official Sources .. .. .. 6.1 6.1 6.9 7.2 11.6 Private Sources .. .. .. 42.9 52.3 66.7 65.7 68.5 Foreign Parent Comp. .. .. . 0.4 0.8 3.7 - 3.6 Financial Institutions .. .. .. 42.2 51.1 62.2 64.4 61.3 Suppliers .. .. .. 0.3 0.4 0.8 1.3 3.6 1982 1983 1984 1985 1986 1987 1988 1989 PROJECTED NON-GUARANTEED DEBT SERVICE TOTAL DEBT SERVICE .. .. .. .. .. .. Principal .. .. .. .. .. .. . Interest............ I 9 HONDURAS (USs M7llions) 1S72 1974 1S76 1977 1978 1979 1980 1981 PUBLIC AND PRIVATE DEBT DEBT OUTS.DISB. ONLY .. .. 458.3 598.2 759.4 917.6 1,172.1 1,394.9 DISBURSEMENTS . . .. 199.9 236.1 278.7 343.1 312.8 PRINCIPAL REPAYMENTS .. . .. 60.0 74.5 122.1 87.6 100.0 NET FLOWS .. .. .. 139.9 161.6 156.5 255.6 212.8 INTEREST PAYMENTS .. .. .. 30.7 43.4 60.0 83.4 94.7 NET TRANSFERS .. .. .. 109.2 118.2 96.5 172.1 118.1 TOTAL DEBT SERVICE .. .. .. 90.6 117.9 182.1 171.0 194.7 1982 1983 1984 1985 1986 1987 19B8 1989 PROJECTED PUBLIC AND PRIVATE DEBT SERV!CE TOTAL DEBT SERVICE .. .. .. .. .. .. PRINCIPAL .. .. .. .. .. .. INTEREST .. .. .. 19O JAMAICA (IJSS Mi 11 ions) 1972 1974 1976 1977 1978 1979 19so 1881 TOTAL DEBT OUTSTANDING DISBURSED ONLY TOTAL DEBT .. .. .. .. .. Public / Publicly Guar. 212.7 522.7 871.0 926.2 1,036.1 1,106.8 1,313.6 1,433.8 Private Non-gLUaranteed . .. .. .. .. .. . PUBLIC / PUBLICLY GUARANTEED DEBT DEBT OUTS. INC. UNDIS. 369.6 714.1 1,059.1 1,178.7 1,389.2 1,497.9 1,633.9 1,809.5 Official Creditors 164.4 274.1 493.5 603.5 805.1 983.2 1,113.5 1,296.8 Multilateral 58.7 137.0 196.1 254.7 326.8 413.0 433.2 502.4 IBRD 56.7 109.1 126.6 169.1 210.9 265.8 259.2 296.5 IDA - - - - - - - - Bilateral 105.6 137.0 297.4 348.8 478.3 570.2 680.4 794.5 Private Creditors 205.2 440.0 565.6 575.2 584.1 514.7 520.4 512.6 Suppliers 35.0 37.7 27.8 28.0 26.1 38.5 31.3 11.0 Financial Markets 170.2 402.3 490.9 483.5 498.0 420.9 437.3 458.2 DEBT OUTS. DISB. (DOD) 212.7 522.7 871.0 926.2 1,036.1 1,106.8 1,313.6 1,433.8 Official Creditors 80.7 144.3 321.1 365.4 477.0 599.5 798.2 932.6 Multilateral 35.2 41.4 73.1 99.5 157.1 194.1 277.2 350.0 IBRD 34.8 37.8 58.7 68.1 112.2 126.6 176.4 211.9 IDA - - - - - - - - Bilateral 45.5 103.0 248.0 265.9 320.0 405.4 521.0 582.7 Private Creditors 132.0 378.4 549.9 560.7 559.0 507.3 515.4 501.2 Suppliers 2.3 19.1 27.4 27.9 24.1 38.1 30.1 10.4 Financial Markets 129.8 359.3 475.5 469.2 474.9 413.9 433.5 447.3 COMMITMENTS 115.0 217.1 202.0 177.5 319.5 245.4 192.6 477.8 Official Creditors 34.8 76.6 170.9 116.3 215.2 200.5 176.0 262.5 Multilateral - 65.5 35.3 63.3 78.3 91.5 31.7 81.0 IBRO - 46.5 6.8 45.0 45.0 59.5 - 44.5 IDA - - - - - - - - Bilateral 34.8 11.1 135.6 53.0 136.91 108.9 144.3 181.5 Private Creditors 80.2 140.5 31.1 61.2 104.3 44.9 16.6 215.3 Suppliers , 4.8 - - 3.4 3.5 32.2 15.3 2.2 Financial Markets 75.4 140.5 15.3 57.8 100.8 12.6 1.3 213.1 DISBURSEMENTS 53.5 202.8 205.9 116.0 224.4 209.9 258.8 408.1 Official Creditors 10.1 34.5 139.4 52.9 128.8 147.7 240.3 200.3 Multilateral 2.9 5.0 22.8 29.3 62.9 42.7 92.8 83.5 I8RO 2.6 2.9 16.8 11.9 47.3 19.0 55.3 42.7 IDA - - - - - - - - Bilateral 7.2 29.4 116.5 23.6 65.9 105.0 147.5 116.9 Private Creditors 43.3 168.3 66.6 63.1 95.6 62.1 18.4 207.8 Suppliers 2.3 3.3 14.0 3.6 1.8 33.7 14.4 2.5 Financial Markets 41.1 165.0 36.8 59.5 93.9 28.4 3.9 205.2 PRINCIPAL REPAYMENTS 16.5 30.1 57.0 90.6 123.5 107.9 91.4 243.5 Official Creditors 3.5 5.0 9.0 12.2 20.2 33.0 35.9 36.9 Multilateral 1.4 1.8 2.3 3.2 5.8 5.9 9.3 10.0 IBRD 1.4 1.8 2.2 2.4 3.3 4.5 5.6 7.1 IDA - - - - - - - - Bilateral 2.1 3.3 6.7 9.1 14.3 27.1 26.5 26.9 Private Creditcrs 13.0 25.1 48.0 78.3 103.3 74.9 55.5 206.5 Suppliers 0.1 2.3 3.1 6.0 7.7 19.3 24.7 18.6 Financial Markets 12.9 22.8 44.8 71.5 91.8 50.4 27.1 180.4 NET FLOWS 36.9 172.7 149.0 25.5 101.0 102.0 167.4 164.6 Official Creditors 6.6 29.4 130.4 40.6 108.6 114.8 204.5 163.4 Multilateral 1.5 3.3 20.5 26.1 57.1 36.8 83.5 73.4 IBRD 1.1 1.1 14.6 9.4 44.0 14.4 49.8 35.6 IDA - - - - - - - - Bilateral 5.1 26.1 109.9 14.5 51.6 77.9 121.0 90.0 Private Creditors 30.3 143.3 18.6 -15.2 -7.6 -12.7 -37.1 1.2 Suppliers 2.2 1.1 10.8 -2.4 -5.9 14.3 -10.2 -16.0 Financial Markets 28.2 142.2 -8.1 -12.0 2.1 -22.0 -23.1 24.9 INTEREST PAYMENTS(INT) 12.3 33.9 54.3 61.5 70.9 91.9 110.9 108.5 Official Creditors 4.1 7.5 10.6 21.7 26.2 34.4 39.1 47.2 Multilateral 2.4 3.1 4.5 6.6 8.7 12.8 15.9 17.5 IBRD 2.3 2.9 3.9 5.1 6.6 10.9 12.7 13.8 IDA - - - - - - - - Bilateral 1.7 4.5 6.0 15.2 17.6 21.6 23.2 29.7 Private Creditors 8.2 26.4 43.7 39.8 44.6 57.5 71.8 61.3 Suppliers 0.1 1.9 1.3 2.2 2.0 2.9 4.1 1.9 Financial Markets 8.2 24.5 41.8 33.5 37.9 49.3 60.4 55.7 191 JAMAICA (USs Millions) 1972 1974 1978 1077 t978 1979 1980 1981 NET TRANSFERS 24.6 138.8 S4.7 -36.0 30.1 10.1 56.5 56.1 Official Creditors 2.5 21.9 119.8 18.9 82.4 80.3 165.4 116.2 Multilateral -0.9 0.2 16.0 19.5 48.4 24.0 67.6 55.9 IBRD -1.2 -1.7 10.7 4.4 37.4 3.6 37.1 21.8 IDA - - - - - - - - Bilateral 3.4 21.7 103.8 -0.6 34.0 56.3 97.7 60.3 Private Creditors 22.1 116.9 -25.1 -94.9 -52.3 -70.2 -108.9 -60.1 Suppliers 2.1 -0.8 9.6 -4.6 -7.9 11.4 -14.3 -17.9 Financial Markets 20.0 117.7 -49.8 -45.5 -35.8 -71.3 -83.5 -30.8 TOTAL DEBT SERVICE(TDS) 28.9 64.0 111.3 152.0 194.4 199.7 202.3 352.0 Official Creditors 7.6 12.6 19.6 34.0 46.4 67.4 75.0 84.2 Multilateral 3.8 4.8 6.9 9.7 14.5 18.7 25.2 27.6 IBRD 3.7 4.6 6.0 7.5 9.9 15.4 18.3 20.S IDA - - - - - - - - Bilateral 3.8 7.7 12.7 24.2 31.9 48.7 49.8 56.6 Private Creditors 21.2 51.5 91.7 118.1 147.9 132.3 127.3 267.8 Suppliers 0.2 4.2 4.4 8.2 9.7 22.3 26.7 20.5 Financial Markets 21.1 47.3 86.6 105.0 129.7 99.7 87.4 236.1 AVERAGE TERMS: PUBLIC DEBT NEW COMMITMENTS ALL CREDITORS Interest (%) 7.2 10.0 6.8 6.2 6.7 6.3 7.8 9.7 Maturity (years) 9.6 16.0 13.9 15.0 17.4 16.9 12.8 14.9 Grace Period (years) 3.6 3.6 3.8 4.1 4.4 4.4 4.4 5.1 Grant Element (%) 12.2 2.7 17.9 23.7 21.6 25.3 18.7 11.9 OFFICIAL CREDITORS Interest (%) 7.4 6.2 6.5 4.7 5.4 5.3 7.0 4.5 Maturity y(years) 12.9 25.2 15.4 20.0 23.2 19.8 13.8 22.2 Grace Period (years) 4.9 5.3 4.3 5.3 5.5 5.3 4.8 7.1 Grant Element (%) 14.4 27.3 20.9 34.8 31.7 31.1 2i.1 39.8 PRIVATE CREDITORS Interest (%) 7.1 12.1 9.0 9.0 9.5 10.7 16.1 16.1 Maturity (years) 8.1 11.0 5.8 5.6 5.6 3.3 2.2 5.9 Grace Period (years) 3.0 2.6 1.2 1.6 2.3 0.8 0.7 2.7 Grant Element (%) 11.2 -10.7 1.9 2-5 0.6 -1.2 -6.2 -22.0 MAJOR ECONOMIC AGGREGATES (U.S. $ MILLIDNS) Gross Nat. Product GNP) 1,765 2,443 2,910 3.180 2.461 2,255 2,400 2,676 Exports of G. & S. XGS 682 1,105 990 1,048 1,196 1,270 1,472 1.562 Imports of G. & S. MGS 856 1,173 1,251 1,069 1,246 1,440 1,678 1,961 Intl. Reserves (RES) 160 190 32 50 59 70 105 85 PRINCIPAL RATIOS DOD/XGS % 31.2 47.3 87.9 88.4 86.6 87.2 89.2 91.8 DOD/GNP % 12.1 '21.4 29.9 29.1 42.1 49.1 54.7 53.6 TDS/XGS % 4.2 5.8 11.2 14.5 16.2 15.7 13.7 22.5 TDS/GNP % 1.6 2.6 3.8 4.8 7.9 8.9 8.4 13.2 INT/XGS % 1.8 3.1 5.5 5.9 5.9 7.2 7.5 6.9 INT/GNP % 0.7 1.4 1.9 1.9 2.9 4.1 4.6 4.1 RES/DOD % 75.1 36.4 3.7 5.4 5.7 6.3 8.0 5.9 RES/MGS months) 2.2 1.9 0.3 0.6 0.6 0.6 0.8 0.5 MEMORANDA Proportion of Disbursed Debt Concessional Loans (%) 10.2 10.0 9-4 11.4 17.2 26.9 30.0 32.8 Var. Int. Rate Loans (% 6.1 37.3 34.9 34.0 32.3 27.3 26.2 27.0 Use of IMF Credit(US$ mill - 16.2 80.1 107.1 180.5 351.4 309.3 469.7 1982 1983 1984 1985 1986 1987 1988 1989 PROJECTED PUBLIC DEBT SERVICE TOTAL DEBT SERVICE 238.6 389.6 242.9 197.6 165.7 140.2 190.0 105.1 Principal 110.1 273.2 152.5 121.A 100.8 82.6 143.9 68.9 Interest 128.5 116.5 90.5 76.3 64.9 57.6 46.1 36.2 OFFICIAL CREDITORS 109.5 142.3 138.6 109.3 112.3 104.7 102.3 99.4 Principal 56.8 86.8 87.0 62.2 67.5 63.6 64.5 64.7 Interest 52.7 55.5 51.6 47.1 44.7 41.2 37.8 34.7 PRIVATE CREDITORS 129.1 247.3 104.3 88.3 53.4 35.5 87.7 5.6 Principal 53.2 186.4 65.4 59.2 33.3 19.0 79.5 4.1 Interest 75.8 60.9 38.9 29.2 20.1 16.5 8.2 1.5 192 MEXICO (US$ 41i l7Zions) 1972 1974 1976 1977 1978 1979 1980 1981 TOTAL DEBT OUTSTANDING DISBURSED ONLY TOTAL DEST . .. .. .. .. Public / Publicly Guar. 3,917.1 8.313.1i 15,930.1 20,758.1 25,615.0 29,241.8 33,586.5 42,642.2 Private Non-guaranteed . . .. .. .. . .. PUBLIC / PUBLICLY GUARANTEED DEBT DEBT OUTS. INC. UNDISB. 4,753.6 10,512.4 18,291.3 25,149.0 30,970.0 36,398.3 38,910.8 47,518.9 Official Creditors 1,982.6 3,107.5 4,260.8 4,506.4 5,481.4 5,918.1 7,336.9 8,807.2 Multilateral 1,542.3 2,220.6 3,106.4 3,152.8 3,769.0 4,431.5 5,236.8 6,316.5 IBRD 1,077.8 1,572.0 2,211.1 2,127.7 2,561.6 3,012.6 3,548.5 4,439.3 IDA - - - - - - - - Bilateral 446.3 887.0 1,154.4 1,353.7 1,712.4 1,486.5 2,100.2 2.490.8 Private Creditors 2,765.0 7,404.9 14,030.5 20,642.6 25.488.6 30,480.2 31,573.8 38,711.7 Suppliers 314.8 613.1 586.4 556.3 543.2 425.7 358.6 364.4 Financial Markets 2,439.8 6,789.7 13,444.1 20,086.3 24,945.4 30,054.6 31.215.3 38,347.3 DEST OUTS. DIS8. (DOD) 3,917.1 S,313.1 15,930.1 20,758.1 25,615.0 29,241.8 33,586.5 42,642.2 Official Creditors 1,407.0 1,970.5 2,642.0 3,041.7 3,434.9 3,697.4 4,482.6 5,329.9 Multilateral 1,006.1 1,414.3 1,824.8 2.094.6 2,364.8 2,725.9 3,196.2 3,666.3 IBRD 723.5 973.2 1,222.5 1,374.2 1,480.9 1,730.6 2,063.3 2,416.9 IDA - - - - - - - - Bilateral 400.9 556.2 817.2 947.i 1,070.1 971.4 1,286.4 1,863.7 Private Creditors 2,510.1 6,342.6 13,288.1 17,716.3 22,180.2 25,544.4 29,103.9 37,312.3 Suppliers 290.1 519.9 505.9 518.7 466.3 409.7 335.4 289.0 Financial Markets 2,209.6 5,820.5 12,782.2 17,197.6 21,713.8 25,134.7 28,768.4 37,023.3 COMMITMENTS 1,213.9 3,299.9 5,671.8 8,941.6 9,424.3 12,864.0 7,004.2 13,142.6 Official Creditors 400.5 525.8 805.9 482.2 981.1 1,075.7 1,766.6 1,952.2 Multilateral 350.2 391.0 581.2 284.0 646.7 801.5 983.0 1,312.5 IBRD 277.0 289.0 410.0 162.0 494.5 527.0 625.0 1,021.0 IDA - - - - - - - - Bilateral 50.3 134.8 224.7 198.2 334.4 274.2 783.6 639.7 Private Creditors 813.4 2,774.0 4,865.9 8,459.4 8,443.2 11,788.2 5,237.6 11,190.4 Suppliers 66.0 94.0 132.3 105.9 133.4 26.0 58.6 133.9 Financial Markets 747.4 2,680.0 4,733.5 8,353.5 8,309.8 11,762.2 5,179.0 11,056.5 DISBURSEMENTS 1,006.6 3,073.4 5,503.3 6,751.1 8,573.1 10,761.3 8,597.9 13,339.5 Official Creditors 242.7 461.5 414.4 480.0 463.1 738.5 1,030.3 1,249.9 Multilateral 168.6 274.8 257.4 309.5 301.9 496.6 642.0 670.2 IBRD 92.1 196.3 141.8 201.9 167.3 325.7 421.8 460.0 IDA - - - - - - - - Bilateral 74.1 186.7 157.0 170.5 161.2 241.9 388.4 579.7 Private Creditors 763.9 2,611.9 5,089.0 6,271.1 8,110.0 10,022.8 7,567.6 12,089.6 Suppliers 64.0 140.4 134.4 149.7 93.9 70.8 42.2 78.5 Financial Markets 699.9 2,471.5 4,954.6 6,121.4 8,016.1 9,952.1 7,525.4 12,011.0 PRINCIPAL REPAYMENTS 590.9 623.5 1,152.8 2,238.4 4,407.8 7,111.7 4,026.4 3,782.0 Official Creditors 99.1 13.4 130.9 158.6 198.0 438.6 289.4 347.1 Multilateral 43.8 50.1 68.0 79.9 99.0 122.8 141.8 166.3 IBRO 28.6 31.6 42.4 50.2 60.6 76.0 89.1 106.4 IDA - - - - - - - - Bilateral 55.4 63.3 62.9 78.7 99.0 315.7 147.6 180.8 Private Creditors 491.7 510.1 1,021.9 2,079.8 4,209.9 6,673.1 3,737.0 3,434.9 Suppliers 98.9 160.6 149.9 152.6 134.4 126.2 111.2 114.5 Financial Markets 388.6 345.3 872.0 1,927.2 4,075.4 6,546.9 3,625.8 3,320.4 NET FLOWS 415.7 2,449.9 4,3EO.6 4,512.7 4,165.2 3,649.6 4,571.6 9,557.5 Official Creditors 143.6 348.i 283.4 321.4 265.1 299.9 740.9 902.8 Multilateral 124.9 224.7 189.4 229.6 203.0 373.7 500.2 504.0 IBRD 63.5 164.7 99.4 151.7 106.7 249.7 332.7 353.6 IDA - - - - - - - - Bilateral 18.7 123.4 94.1 91.9 62.1 -73.8 240.8 398.8 Private Creditors 272.1 2,101.8 4,067.1 4,191.3 3,900.1 3,349.7 3,830.7 8,654.7 Suppliers -34.9 -20.2 -15.5 -2.9 -40.5 -55.5 -68.9 -35.9 Financial Markets 311.2 2,126.2 4,082.6 4,194.2 3,940.7 3,405.2 3,899.6 8,690.6 INTEREST PAYMENTS(INT) 258.8 573.1 1,085.8 1,313.4 1,817.7 2,854.6 3,841.9 4,699.7 Official Creditors 80.3 112.6 172.1 209.5 266.1 281.3 312.5 361.5 Multilateral 58.4 88.1 128.3 153.8 196.3 210.5 236.5 253.4 IBRD 44.0 62.6 89.4 101.9 123.1 144.5 165.9 176.7 IDA - - - - - - - - Bilateral 21.9 24.5 43.8 55.7 69.8 70.8 76.0 108.0 Private Creditors 178.4 460.6 913.7 1,103.9 1,551.6 2,573.3 3,529.4 4,338.3 Suppliers 27.8 30.0 35.8 38.2 39.7 44.5 41.9 31.5 Financial Markets 149.8 430.2 877.9 1,065.7 1,511.9 2,528.8 3,487.4 4,306.8 193 MEXICO (USs Mi71ions) 1972 1974 1976 1977 1978 1979 1980 1981 NET TRANSFERS 156.9 1,876.8 3,264.8 3,199.3 2,347.6 795.0 729.7 4,857.8 Official Creditors 63.2 235.' 111.3 111.9 -1.0 18.6 428.4 541.3 Multilateral 66.4 136.6 61.1 75.7 6.7 163.2 263.6 250.5 IBRD 19.5 102.1 10.0 49.6 -16.4 105.3 166.8 176.8 IDA - - - - Bilateral -3.2 98.9 50.2 36.2 -7.7 -144.7 164.8 290.8 Private Creditors 93.7 1,641.3 3,153.4 3,087.3 2,348.5 776.4 301.3 4,316.4 Suppliers -62.7 -50.2 -51.3 -41.1 -80.2 -100.0 -11C.9 -67.4 Financial Markets 161.5 1,696.0 3,204.7 3,128.5 2,428.7 876.4 412.2 4,383.9 TOTAL DEBT SERVICE(TDS) 849.7 1,196.7 2,238.6 3,551.9 6,225.5 9,966.4 7,868.2 8,481.7 Official Creditors 179.5 226.0 303.0 368.1 464.1 719.9 601.9 708.6 Multilateral 102.2 138.2 196.3 233.8 295.3 333.3 378.3 419.7 IBRD 72.6 94.1 131.8 152.1 183.7 220.4 255.0 283.2 IDA - - - - - - - - Bilateral 77.3 87.8 106.7 134.4 168.8 386.6 223.6 288.9 Private Creditors 670.2 970.6 1,935.6 3,183.8 5,761.5 9,246.4 7,266.3 7,773.1 Suppliers 126.7 190.6 185.7 190.8 174.1 170.7 153.1 146.0 Financial Markets 538.4 775.5 1,749.9 2,992.9 5,587.4 9,075.7 7,113.2 7,627.2 AVERAGE TERMS: PUBLIC DEBT NEW COMMITMENTS ALL CREDITORS Interest (%l 6.9 9.8 8.1 8.2 10.1 11.8 11.4 15.0 Maturity (years) 13.7 11.1 5.8 6.7 8.3 7.1 9.4 7.7 Grace Period (years) 3.5 3.3 2.6 3.7 4.7 3.7 4.3 3.9 Grant Element (%) 14.9 1.7 5.8 5.5 -1.1 -6.1 -6.1 -20.5 OFFICIAL CREDITORS Interest (%) 6.7 6.9 8.2 8.1 7.8 7.4 7.9 8.9 Maturity (years) 20.2 20.6 17.4 13.0 15.2 14.7 15.5 14.8 Grace Period (years) 4.6 5.0 3.8 3.0 4.7 4.0 3.5 3.7 Grant Element (%) 20.1 19.1 9.5 7.9 11.7 13.5 10.5 5.1 PRIVATE CREDITORS Interest (%) 7.0 10.3 8.0 8.2 10.4 12.2 12.5 16.0 Maturity (years) 10.5 9.3 5.1 6.4 7.E 6.4 7.5 6.5 Grace Period (years) 2.9 2.9 2.5 3.8 4.8 3.6 4.6 3.9 Grant Element M%) 12.3 -1.6 5.2 5.4 -2.6 -7.9 -11.4 -24.9 MAJOR ECONOMIC AGGREGATES (U.S. $ MILLIONS)' Gross Nat. Product (GNP) 44.653 70.897 87'154 80 191 100,556 131.352 181,492 230.724 Exports of G. & S. XGS 3.816 6,368 7,204 8.210 11.401 16.007 24.719 30.083 Imports of G. & S. (MGS 4,797 9,365 10,771 10,229 14,755 21,702 32,532 43,322 Intl. Reserves (RES) 1,297 1,921 1,404 1,938 2,270 3,088 4,176 4,971 PRINCIPAL RATIOS DOD/XGS % 102.6 130.5 221.1 252.8 224.7 482.7 135.9 141.7 DOD/GNP % 8.8 11.7 18.3 25.9 25.5 22.3 18.5 18.5 TDS/XGS % 22.3 18.8 31.1 43.3 54.6 62.3 31.8 28.2 TDS/GNP % 1.9 1.7 2.6 4.4 6.2 7.6 4.3 3.7 INT/XGS % 6.8 9.0 15.1 16.0 15.9 17.8 15.5 15.6 INT/GNP % 0.6 0.8 1.2 1.6 1.8 2.2 2.1 2.0 RES/DOD % 33.1 2S.1 8.8 9.3 8.9 10.6 12.4 11.7 RES/MGS months) 3.2 2.5 1.6 2.3 1.8 1.7 1.5 1.4 MlEMORANDA Proportion of Disbursed Debt Concessional Loans (%) 7.4 4.7 2.5 2.0 1.6 1.5 1.2 1.0 Var. Int. Rate Loans (% 24.1 48.' 50.0 52.5 58.9 69.3 70.6 75.0 Use of IMF Cred1t(US$ mil - - 370.8 509.1 298.8 135.8 - - 1982 1983 1984 1985 1986 1987 1988 1989 PROJECTED PUBLIC DEBT SERVICE TOTAL DEBT SERVICE 12,276.0 11,947.1 8,902.8 8,387.0 7,669.3 9,622.4 5,406.9 3,738.7 Principal 6,548.4 6,934.4 4,776.6 4,829.1 4,751.5 7,369.3 4,141.7 2,952.7 Interest 5,727.6 5,012.6 4,126.3 3,557.9 2,917.8 2,253.0 1,265.2 786.1 OFFICIAL CREDITORS 961.2 1,028.0 1,101.5 1,146.8 1,102.6 1,069.0 950.7 879.0 Principal 541.0 587.2 651.1 703.2 680.4 677.0 595.8 560.8 Interest 420.2 440.8 450.3 443.6 422.1 392.0 354.9 318.3 PRIVATE CREDITORS 11,314.9 10,919.1 7,801.4 7,240.1 6,566.7 8,553.3 4,456.1 2,859.7 Principal 6,007.4 6,347.3 4,125.5 4,125.9 4,071.0 6,692.3 3,545.8 2,391.9 Interest 5,307.4 4,571.8 3,675.9 3,114.2 2,495.7 1,861.0 910.3 467.8 194 NI CARAGUA (US$ Millions) 1972 1974 1976 1977 1978 1979 1980 1981 TOTAL DEBT OUTSTANDING DISBCUSED ONLY TOTAL DEBT .. .. Public / Publicly Guar. 235.3 461.4 657.7 866.6 970.8 1,112.9 1,694.9 1,974.5 Private Non-guaranteed . . .. .. .. . . . PUBLIC / PUBLICLY GUARANTEED DEBT DEBT OUTS. INC. UNDISB. 332.4 661.9 963.5 1,109.4 1,206.5 1,425.0 2,108.1 2,483.7 Official Creditors 224.2 368.8 557.2 671.6 770.1 991.3 1,341.3 1,711.1 Multilateral 128.0 196.6 279.1 352.3 382.9 537.9 680.0 771.8 IERD 66.3 81.4 93.4 126.0 124.0 120.5 136.3 163.1 IDA 3.2 23.5 23.5 23.4 23.4 23.4 60.3 59.8 Bilateral 96.2 172.2 278.1 319.2 387.2 453.4 661.2 939.3 Private Creditors 108.2 293.1 406.2 437.9 436.4 433.8 766.9 772.7 Suppliers 7.3 8.2 19.7 21.0 22.7 22.4 20.5 18.6 Financial Markets 100.9 284.9 386.5 416.9 413.8 411.4 746.4 754.1 DEBT OUTS. DISB. (DOD) 235.3 461.4 657.7 866.6 970.8 1,112.9 1,694.9 1,974.5 Official Creditors 141.6 210.9 315.8 450.8 547.6 692.4 931.4 1,215.4 Multilateral 75.1 103.2 164.7 211.7 241.2 349.7 426.0 551.4 IBRD 32.4 40.4 63.8 75.2 80.2 84.6 92.5 117.7 IDA 3.2 7.9 19.2 22.3 23.1 23.2 42.5 53.3 Bilateral 66.4 107.7 151.1 239.1 306.4 342.7 505.5 664.0 Private Creditors 93.8 250.5 341.9 415.9 423.2 420.5 763.4 759.1 Suppliers 5.7 6.7 6.2 18.8 22.7 22.4 20.5 13.4 Financial Markets 88.1 243.8 335.7 397.1 400.5 398.1 742.9 745.8 COMMITMENTS 112.1 186.6 172.6 194.0 144.7 226.8 388.1 506.8 Official Creoitors 48.9 58.0 116.8 126.9 110.6 226.8 386.1 496.6 Multilateral 39.1 11.5 48.2 80.0 35.6 126.1 156.8 122.5 IBRD 30.9 - 11.0 35.1 - - 20.0 33.7 IDA - - - - - - 37.1 - Bilateral 9.9 46.5 68.6 46.9 75.0 100.8 229.3 374.1 Private Creditors 63.2 128.6 55.8 67.1 34.2 -- 10.2 Suppliers 1,6 4.1 0.1 2.8 2.7 - - 5.2 Financial Markets 61.6 124.5 55.7 64.2 31.5 - - 5.0 DISBURSEMENTS 67.6 146.7 90.9 256.3 150.4 115.3 272.0 397.8 Official Creditors 14.4 50.6 68.8 146.8 108.5 115.3 272.0 397.7 Multilateral 9.7 27.1 35.6 53.8 35.4 77.7 90.2 154.7 IBRD 3.0 8.0 13.4 13.9 7.0 7.9 12.1 32.1 IDA - 3.6 5.8 3.1 0.8 0.2 19.3 10.9 Bilateral 4.7 23.6 33.2 93.0 73.1 37.6 181.8 242.9 Private Creditors 53.2 96.1 22.1 109.5 41.9 - - 0.1 Suppliers 0.6 2.7 2.4 14.2 3.8 - - - Financial Markets 52.6 93.4 19.8 95.2 38.1 - - 0.1 PRINCIPAL REPAYMENTS 21.0 20.8 35.0 50.2 50.3 14.4 38.5 91.2 Official Creditors 5.2 7.2 9.1 14.5 14.4 11.7 18.5 79.7 Multilateral 4.0 5.4 6.0 7.1 6.2 9.0 14.9 28.3 IBRD 1.5 2.3 1.9 2.5 2.0 3.5 4.2 6.9 IDA 0.0 0.0 0.0 0.0 0.0 0.0 0.1 0.0 Bilateral 1.2 1.8 3.2 7.4 8.2 2.7 3.6 51.4 Private Creditors 15.3 13.6 25.9 35.7 35.9 2.7 20.0 11.4 Suppliers 1.6 1.7 1.0 1.9 1.3 0.3 - 1.6 Financial Markets 14.2 11.8 24.9 33.9 34.6 2.4 20.0 9.8 NET FLOWS 46.6 126.0 55.9 206.1 100.0 101.0 233.5 306.6 Official Creditors 9.2 43.4 59.6 132.3 94.1 103.7 253.5 317.9 Multilateral 5.8 21.7 29.7 46.7 29.2 68.8 75.3 126.4 IBRD 1.5 5.7 11.5 11.4 5.0 4.4 7.9 25.2 IDA 0.0 3.6 5.7 3.1 0.8 0.1 19.3 10.8 Bilateral 3.4 21.7 30.0 85.6 64.9 34.9 178.2 191.5 Private Creditors 37.4 82.5 -3.8 73.7 5.9 -2.7 -20.0 -11.3 Suppliers -1.1 1.0 1.3 12.4 2.5 -0.3 - -1.6 Financial Markets 38.4 81.6 -5.1 61.4 3.5 -2.4 -20.0 -9.7 INTEREST PAYMENTS(INT) 11.2 29.7 41.2 51.7 48.9 41.2 38.0 93.0 Official Creditors 5.0 8.3 10.5 15.7 17.7 21.6 37.9 51.0 Multilateral 3.9 5.9 8.1 9.7 11.0 12.9 29.3 31.3 IBRD 2.1 2.9 4.3 5.0 5.0 4.5 10.6 9.8 IDA 0.0 0.0 0.1 0.2 0.1 0.1 0.4 0.3 Bilateral 1.1 2.4 2.4 6.0 6.7 8.7 8.6 19.7 Private Creditors 6.2 21.4 30.7 36.0 31.2 19.6 0.1 42.0 Suppliers 0.4 0.3 0.3 0.3 0.1 0.0 - 0.1 Financial Markets 5.8 21.1 30.4 35.7 31.1 19.6 0.1 41.9 195 NICARAGUA (USS Mi 11ions) 1972 1974 1976 1977 1978 1979 1980 1981 NET TRANSFERS 35.3 96.3 14.7 154.4 51.1 59.7 195.5 213.6 Official Creditors 4.1 35.1 49 1 116.6 76.4 82.0 215.6 266.9 Multilateral 1.9 15.8 21.5 37.0 18.2 55.8 46.0 95.1 IB9D -0.6 2.8 7.2 6.5 0.0 -0.1 -2.7 15.3 IDA 0.0 3.5 5.6 3.0 0.7 0.1 18.9 10.5 Bilateral 2.3 19.3 27.6 79.7 58.2 26.2 169.6 171.8 Private Creditors 31.2 61.2 -34.4 37.7 -25.3 -22.3 -20.1 -53.3 Suppliers -1.5 0.7 1.0 12.1 2.3 -0.3 - -1.7 Finan-ial Markets 32.6 60.5 -35.5 25.6 -27.6 -22.0 -20.1 -51.6 TOTAL DEBT SERVICE(TDS) 32.3 50.4 76.2 101.9 99.2 55.6 76.5 184.2 Official Creditors 10.2 15.5 19.7 30.2 32.1 33.3 56.4 130.8 Multilateral 7.9 11.3 14.1 16.8 17.2 21.9 44.2 59.7 IBRD 3.5 5.2 6.2 7.4 7.0 8.0 14.8 16.7 IDA 0.0 0.1 0.2 0.2 0.1 0.1 0.4 0.4 Bilateral 2.4 4.2 5.6 13.4 14.9 11.4 12.2 71.1 Private Creditors 22.0 34.9 56.6 71.7 67.2 22.3 20.1 53.4 Suppliers 2.1 2.0 1.3 2.1 1.5 0.3 - 1.7 Financial Markets 20.0 32.9 55.3 69.6 65.7 22.0 20.1 51.7 AVERAGE TERMS: PUBLIC DEBT NEW COMMITMENTS ALL CREDITORS Interest (%) 7.7 9.1 6.7 7.4 6.4 6.3 4.1 6.1 Maturity (years) 15.6 18.2 14.9 13.6 16.8 24.1 25.7 10.4 Grace Period (years) 3.5 5.4 4.5 3.3 6.0 6.9 6.6 2.5 Grant Element (%) 13.2 9.9 19.7 14.1 26.2 34.7 43.6 15.6 OFFICIAL CREDITORS Interest (%) 6.4 3.4 6.1 6.9 5.2 6.3 4.1 6.1 Maturity (years) 24.7 32.6 18.8 17.6 20.6 24.1 25.7 10.d Grace Period (years) 5.6 8.9 5.4 4.1 7.4 6.9 6.6 2.6 Grant Element (%) 25.1 54.1 26.0 19.1 35.0 34.7 43.6 15.5 PRIVATE CREDITORS Interest (%) 8.7 11.7 8.0 8.3 10.5 - - 4.7 Maturity (years) 5.6 11.7 6.7 5.2 4.4 - - 10.2 Grace Period (years) 1.9 3.8 2.5 1.6 1.3 - - 1.0 Grant Element (%) 3.9 -10.0 6.6 4.7 -2.2 - - 20.7 MAJOR ECONOMIC AGGREGATES (U.S. $ MILLIONS) Gross Nat. Product GNP) 847 1,453 1,771 2,028 1,905 1,447 2,046 2,553 Exports of G. & S. XGS 291 448 630 733 732 683 . Imports of G. & S. MGS 276 720 678 926 766 595 . Intl. Reserves (RES) 81 108 148 153 57 .. . PRINCIPAL RATIOS DOD/XGS (%) 80.9 103.1 104.4 118.3 132.6 162.9 DOD/GNP (% 27.8 31.8 37.1 42.7 51.0 76.9 82.9 77.4 TDS/XGS (% 11.1 11.3 12.1 13.9 13.6 8.1 TDS/GNP (%) 3.8 3.5 4.3 5.0 5.2 3.8 3.7 7.2 INT/XGS % 3.9 6.6 6.5 7.1 6.7 6.0 . INT/GNP % 1.3 2.0 2.3 2.5 2.6 2.8 1.9 3.6 RES/DOD (%) 34.3 23.4 22.6 17.6 5.9 .. . RES/MGS (months) 3.5 1.8 2.6 2.0 0.9 .. . MEMORANDA Proportion of Disbursed Debt Concessional Loans (%) 37.2 29.9 28.8 26.0 27.1 27.4 27.6 28.2 Var. Int. Rate Loans (%) 13.8 43.6 45.7 42.4 37.9 36.2 3.5 2.7 Use of IMF Credit(US$ mil, 9.0 12.3 10.2 2.4 2.6 57.3 49.3 24.7 1982 1983 1984 1985 1986 1987 1988 1989 PROJECTED PUBLIC DEBT SERVICE TOTAL DEBT SERVICE 287.3 283.1 285.5 254.1 355.4 258.6 254.3 250.9 Principal 169.1 169.8 181.3 159.5 218.5 137.0 147.1 159.8 Interest 118.3 113.3 104.1 94.7 136.9 121.6 107.2 91.1 OFFICIAL CREDITORS 202.6 195.5 194.1 157.0 208.1 107.2 102.1 96.7 Principal 135.6 131.4 136.6 106.0 164.1 69.4 67.5 64.9 Interest 67.1 64.1 57.5 50.9 44.0 37.8 34.6 31.8 PRIVATE CREDITORS 84.7 87.6 91.4 97.2 147.3 151.4 152.2 154.2 Principal 33.5 38.4 44.8 53.4 54.4 67.6 79.6 94.9 Interest 51.2 49.2 46.6 43.7 93.0 83.8 72.6 59.3 19s PANAMA (1US$ Millions) 1972 1974 1976 1977 1978 1979 1980 19S1 TOTAL DEBT OUTSTANDING DISBURSED ONLY TOTAL DEBT Public / Publicly Guar. 345.4 564.8 1,093.0 1,328.8 1,871.2 2,063.0 2,24S.2 2,367.6 Private Non-guaranteed . . .. .. .. .. .. . PUBLiC / PUBLICLY GUARANTEED DEBT DEBT OUTS. INC. UNDISB. 467.1 759.7 1,435.4 1,832.9 2,363.3 2,558.8 2,836.3 2,922.8 Official Creditors 244.0 341.6 515.4 745.9 805.6 895.0 1.072.0 1.105.7 Multilateral 138.3 203.3 274.9 445.4 469.6 544.9 646.4 692.0 IBRD 71.1 103.9 137.0 192.1 200.0 251.8 278.9 316.2 IDA - - - - - - - - Bilateral 105.7 138.3 240.5 300.5 336.0 350.1 425.6 413.7 Private Creditors 223.1 418.1 920.0 1,086.9 1,557.7 1,663.7 1,764.3 1,817.1 Suppliers 61.0 35.7 39.2 50.9 52.6 47.1 45.2 37.4 FInancial Markets 162.1 382.4 880.9 1,036.0 1,505.2 1,616.6 1,719.0 1,779.7 DEBT OUTS. DISB. (DOD) 345.4 564.8 1,093.0 1,328.8 1,871.2 2,063.0 2,248.2 2,367.6 Official Creditors 133.4 194.7 330.6 376.4 448.9 493.8 556.1 601.0 Multilateral 67.1 100.8 168.2 192.2 229.6 268.0 327.5 358.2 IBRD 18.7 40.5 87.5 99.1 106.8 117.8 132.7 162.7 IDA - - - - - - - - Bilateral 66.4 93.8 162.3 184.2 219.3 225.9 228.6 242.7 Private Creditors 212.0 370.2 762.4 952.4 1,422.3 1,569.1 1,692.1 1,766.7 Suoppiers 60.4 33.2 39.2 31.0 38.9 40.0 35.7 29.3 Financial Markets 15-.6 336.9 723.3 921.3 1,383.5 1,529.2 1,656.4 1,737.4 COMMITMENTS 105.9 150.8 341.7 476.1 951.5 395.0 518.7 326.7 Official Creditors 15.8 36.8 51.2 224.7 56.2 100.9 214.3 88.6 Mult'lateral 8.3 26.5 24.2 176.6 31.0 84.6 113.3 88.6 IBRD - - 12.0 57.5 12.0 57.0 35.0 45.5 IDA - - - - - - - - Bilateral 7.5 10.2 27.0 48.1 25.2 16.3 101.0 0.1 Private Creditors 90.1 114.1 290.5 251.4 895.3 294.1 304.4 238.1 Suppliers 4.9 2.9 0.7 19.9 9.2 0.1 7.4 - Financial Markets 85.1 111.2 289.8 231.4 886.1 293.9 297.0 238.1 DISBURSEMENTS 135.5 194.9 352.6 316.6 962.5 397.6 390.1 341.7 Official Creditors 26.3 40.5 63.8 44.7 68.1 63.6 81.3 98.5 Multilateral 19.5 25.1 38.8 30.1 44.0 47.5 68.6 72.5 IBRO 11.3 15.0 24.1 14.1 11.8 16.1 20.4 38.1 IDA - - - - - - - Bilateral 6.8 15.5 25.0 14.6 24.1 16.2 12.6 25.9 Private Creditors 109.2 154.4 288.8 271.9 894.4 334.0 308.8 243.3 Suppliers 30.8 1.0 1.4 - 15.4 6.6 5.1 1.4 Financial Markets 78.4 153.4 287.4 271.9 878.9 327.4 303.8 241.9 PRINCIPAL REPAYMENTS 34.7 91.4 44.7 88.2 443.3 191.3 213.8 215.2 Official Creditors 6.1 7.5 10.1 11.0 13.7 18.6 17.5 53.0 Multilateral 2.7 3.0 5.7 6.1 7.6 8.7 9.0 41.6 IBRD 0.8 0.9 1.9 2.5 4.1 5.1 5.5 8.2 IDA - - - - - - - - Bilateral 3.4 4.5 4.5 4.8 6.1 9.9 8.4 11.5 Private Creditors 28:6 84.0 34.5 77.2 429.5 172.7 196.3 162.2 Suppliers 24.1 20.7 4.3 8.1 7.6 5.5 9.3 7.8 Financial Markets 4.5 63.3 30.2 69.1 422.0 167.2 186.9 154.4 NET FLOWS 100.8 103.5 307.9 228.4 519.2 206.4 176.3 *26.5 Official Creditors 20.1 33.1 53.7 33.8 54.3 45.1 63.8 45.4 Multilateral 16.8 22.1 33.1 24.0 36.3 38.8 59.6 31.0 IBRD 10.5 14.1 22.2 11.6 7.7 11.0 14.9 29.9 IDA - - - - - - - - Bilateral 3.3 11.0 20.5 9.8 18.0 6.3 4.2 14.4 Private Creditors 80.6 70.4 254.3 194.6 464.8 161.3 112.5 81.1 Suppliers 6.7 -19.6 -2.9 -8.1 7.9 1.1 -4.3 -6.5 Financial Markets 73.9 90.1 257.2 202.8 457.0 160.2 116.8 87.5 INTEREST PAYMENTS(INT) 17.3 44.1 55.9 73.2 121.8 196.3 251.4 277.2 Official Creditors 3.5 6.2 10.8 14.2 18.1 23.6 31.8 35.4 Multilateral 1.9 4.4 7.7 10.0 13.1 17.8 20.3 23.1 IBRD 0.5 2.5 5.3 7.3 8.9 10.8 11.6 12.1 IDA - - - - - - - - Bilateral 1.6 1.8 3.1 4.2 5.0 5.8 11.5 12.3 Private Creditors 13.8 37.9 45.1 59.1 103.7 172.7 219.6 241.7 Suppliers 4.6 2.6 2.1 2.8 4.0 4.1 4.6 2.8 Financial Markets 9.2 35.4 43.0 56.2 99.7 168.6 215.0 238.9 lY I PANAMA (US$ Millions) 1972 1974 1976 1977 1978 1979 1S80 t98! NET TRANSFERS 83.5 59.4 252.1 155.2 397.3 10.1 -75.0 -150.7 Official Creditors 16.6 26.9 42.9 19.6 36.2 21.5 32.0 10.0 Multilateral 14.9 17.7 25.5 14.0 23.2 21.0 39.3 7.9 IBRD 10.1 11.6 16.9 4.4 -1.2 0.2 3.3 17.8 IDA - - - - - - - - Bilateral 1.8 9.1 17.4 5.6 13.0 0.5 -7.3 2.1 Private Creditors 66.8 32.5 209.2 135.6 361.1 -11.4 -107.1 -160.7 Suppliers 2.2 -22.2 -5.0 -11.0 3.9 -3.0 -8.9 -9.3 Financial Markets 64.7 54.7 214.2 146.5 357.3 -8.4 -98.2 -151 4 TOTAL DEBT SERVICE(TDS) 52.0 135.6 100.5 161.4 565.1 387.5 465.1 492.4 Officiai Creditors 9.6 13.7 20.9 25.1 31.8 42.1 49.3 88.5 Multilateral 4.6 7.4 13.3 16.! 20.8 26.4 29.3 64.7 1BRD 1.3 3.4 7.2 9.7 13.0 16.0 17.2 20.3 IDA - - - - - - - - Bilateral 5.0 6.3 7.5 9.0 11.1 15.7 19.9 23.8 Private Creditors 42n4 121.9 79.6 136.3 533.3 345.4 415.9 403.9 Suppliers 28.7 23.2 6.4 11.0 11.6 9.6 14.0 10.6 Financial Markets 13.7 98.7 73.2 125.3 521.7 335.8 401.9 393.3 AVERAGE TERMS PUBLIC DEBT NEW COMMITMENTS ALL CREDITORS Interest (%) 7.4 9.2 8.2 8.2 9.2 9.7 11.4 14.4 Maturity (years) 11.0 17.0 9.1 12.7 10.7 13.7 13.4 12.6 Grace Period (years) 3.6 4.5 3.0 3.9 4.1 5.3 4.5 4.3 Grant Element (%j 13.6 10.7 7.9 8.6 4.5 3.3 -2.9 -19.4 OFFICIAL CREDITORS Interest (%) 3.8 2.3 6.0 8.0 4.0 5.9 6.2 7.7 Maturity (years) 27.5 36.2 23.6 19.6 21.8 20.4 21.2 20.9 Grace Period (years) 10.4 9.0 6.3 5.2 7.4 5.8 5.3 5.3 Grant Element (%) 49.6 64.0 30.7 13.0 45.7 28.2 25.9 16.7 PRIVATE CREDITORS Interest (%) 8.1 11.5 8.6 8.4 9.5 11.0 15.0 16.9 Maturity (years) 8.1 10.8 6.5 6.5 10.0 11.4 8.0 9.5 Grace Period (years) 2.4 3.0 2.4 2.7 3.9 5.1 4.0 3.9 Grant Element (%) 7.3 -6.4 3.9 4.6 1.9 -5.3 -23.2 -32.9 MAJOR ECONOMIC AGGREGATES (U.S. $ MILLIONS& Gross Nat. Product (GNP) 1,264 1,780 1.951 2,110 2.409 2,762 3,247 3.670 Exports of G. & S. (XGS) 496 1. 060 1,231 1,388 1.741 2.108 3.714 4.282 Imports of G. & S. (MGS) 599 1,281 1,403 1,541 1,948 2,427 3,946 4.640 Intl. Reserves (RES) 43 39 79 71 150 119 117 120 PRINCIPAL RATIOSe DOD/XGS (% 69.7 53.3 88.8 95.7 107.5 97.9 60.5 55.3 DOD/GNP 1% 27.3 31.7 56.0 63.0 77.7 74.7 69.2 64.5 TDS/XGS % 10.5 12.8 8.2 11.6 32.5 18.4 12.5 11.5 TDS/GNP % 4.1 7.6 5.2 7.7 23.5 14.0 14.3 13.4 INT/XGS % 3.5 4.2 4.5 5.3 7.0 9.3 6.8 6.5 INT/GNP % 1.4 2.5 2.9 3.5 5.1 7.1 7.7 7.6 RES/DOD %, 12.5 7.0 7.2 5.3 8.0 5.8 5.2 5.1 RES/MGS months) 0.9 0.4 0.7 0.6 0.9 0.6 0.4 0.3 MEMORANDA Proportion of Disbursed Debt Concessional Loans (%) 31.6 25.2 16.4 14.9 11.3 11.4 11.7 12.6 Var. Int. Rate Loans (%) 5.8 49.8 54.2 56.6 50.3 50.6 53.2 52.3 Use of IMF Credit(US$ mil - 9.0 49.5 51.2 52.5 41.5 23.1 93.6 1982 1983 1984 1985 19S6 1987 1988 1989 PROJECTED PUBLIC DEBT SERVICE TOTAL DEBT SERVICE 448.6 530.7 506.6 509.2 465.5 454.8 352.7 225.2 Principal 175.5 272.1 271.1 304.3 295.8 321.4 259.3 160.0 Interest 273.0 258.7 235.5 204.9 169.7 133.4 93.4 65.2 OFFICIAL CREDITORS 70.9 80.0 90.4 104.5 107.4 105.9 104.4 104.9 Principal 34.5 38.2 44.2 56.1 59.2 59.9 61.1 64.9 Interest *36.4 41.8 46.2 48.4 48.2 46.1 43.3 40.0 PRIVATE CREDITORS 377.7 450.8 416.2 404.8 358.0 348.9 248.3 120.3 Principal 141.0 233.9 226.8 248.3 236.6 261.5 198.2 95.1 Interest 236.6 216.9 189.4 156.5 121.5 87.3 50.1 25.2 198 PARAGUAY (USS Millions) 1972 1974 1876 1977 1978 1979 1980 1981 TOTAL DEBT OUTSTANDING DISBURSED ONLY TOTAL DEBT 186.5 281.2 394.8 530.9 661.6 783.7 839.3 Public / Publicly Guar. 131.7 164.0 236.8 335.3 445.1 523.5 632.9 706.6 Private Non-guaranteed 22.5 44.4 59.5 85.8 138.1 150.8 132.7 PUBLIC / PUBLICLY GUARANTEED DEBT DEBT OUTS. INC. UNDISB. 192.8 321.6 462.4 544.9 746.9 1,152.7 1,196.8 1,437.S Official Creditors 147.1 235.7 323.3 388.4 496.9 837.3 896.2 982.7 Multilateral 63.9 111.2 157.6 202.2 289.2 493.0 557.7 646.2 IBRD 16.8 40.5 51.5 88.9 121.3 189.5 219.2 274.2 IDA 28.2 41.5 49.2 49.0 48.8 48.6 48.3 48.0 Bilateral 83.2 124.4 165.7 186.2 207.7 344.3 338.5 336.6 Private Creditors 45.7 86.0 139.1 156.5 250.0 315.4 300.5 455.2 Suppliers 30.2 41.7 44.2 52.6 67.9 123.8 105.8 86.5 Financial Markets 15.2 44.1 94.8 103.8 182.0 191.5 194.8 368.7 DEBT OUTS. DISB. (DOD) 131.7 164.0 236.8 335.3 445.1 523.5 632.9 706.6 Official Creditors 100.3 126.5 181.4 219.2 301.1 328.1 396.0 467.2 Multilateral 52.2 58.1 80.0 96.7 124.4 157.1 192.7 252.9 IBRD 10.2 15.0 21.7 28.0 35.2 50.8 79.5 110.1 IDA 23.0 25.5 28.7 33.8 38.9 42.2 44.9 47.1 Bilateral 48.1 68.4 101.4 122.5 176.7 170.9 203.3 214.2 Private Creditors 31.3 37.5 55.4 116.2 144.0 195.4 236.9 239.5 Suppliers 25.9 21.1 31.7 33.6 45.9 64.2 75.1 80.5 Financial Mar-kets 5.2 16.3 23.5 82.5 98.0 131.2 161.8 158.9 COMMITMENTS 30.8 97.0 43.0 95.4 205.8 440.8 98.8 345.6 Official Creditors 16.5 53.6 29.3 70.0 103.7 358.3 76.3 124.5 Multilateral 5.1 47.0 18.3 49.0 88.2 205.0 71.8 96.3 IBRD - 24.5 12.0 38.0 33.0 69.0 31.0 58.8 IDA 5.1 11.0 4.0 - - - - - Bilateral 11.4 6.6 11.0 21.0 15.5 153.3 4.5 28.2 Private Creditors 14.3 43.4 13.7 25.4 102.1 82.5 22.5 221.0 Suppliers 0.3 16.3 10.1 13.4 20.4 65.8 1.6 2.2 Financial Markets 14.0 27.0 3.7 12.0 81.7 16.7 20.8 218.8 DISBURSEMENTS 16.3 24.7 58.7 109.2 119.3 111.2 157.7 161.9 Official Creditors 11.7 14.6 43.8 40.2 82.1 40.8 87.6 101.9 Multilateral 3.9 2.7 14.8 18.1 29.2 34.0 39.9 67.3 IBRD 2.5 2.7 4.6 6.9 7.8 16.4 30.1 34.3 IDA 1.4 0.0 2.6 5.2 5.3 3.6 2.9 2.5 Bilateral 7.8 11.9 29.0 22.1 52.8 6.8 47.7 34.6 Private Creditors 4.6 10.1 14.9 69.1 37.2 70.5 70.1 59.9 Suppliers 0.6 0.6 9.5 8.1 16.5 29.2 23.1 23.9 Financial Markets 4.0 9.5 5.4 60.9 20.7 41.3 47.0 36.0 PRINCIPAL REPAYMENTS 8.8 10.6 12.0 16.1 19.8 30.9 44.8 39.7 Official Creditors 3.9 4.4 5.5 6.6 7.9 11.7 21.0 19.2 Multilateral 1.2 1.3 1.4 1.4 1.5 1.8 3.5 6.2 IBRO 0.2 0.5 0.5 0.6 0.6 0.8 1.3 3.7 IDA 0.1 0.1 0.2 0.2 0.2 0.2 0.3 0.3 Bilateral 2.7 3.1 4.0 5.2 6.3 9.9 17.5 13.0 Private Creditors 4.9 6.2 6.5 9.5 12.0 19.2 23.8 20.6 Suppliers 4.2 3.8 4.2 7.1 6.4 11.0 8.9 14.5 Financial Markets 0.7 2.4 2.2 2.4 5.6 8.2 14.8 6.1 NET FLOWS 7.4 14.1 46.8 93.1 99.4 80.4 112.9 122.1 Official Creditors 7.8 10.2 38.3 33.6 74.2 29.1 66.6 82.7 Multilateral 2.6 1.4 13.3 16.7 27.7 32.2 36.4 61.1 IBRD 2.2 2.2 4.1 6.3 7.2 15.6 28.8 30.5 IDA 1.3 -0.1 2.4 5.0 5.1 3.3 2.6 2.2 Bilateral 5.1 8.8 25.0 16.9 46.5 -3.1 30.2 21.6 Private Creditors -0.3 4.0 8.4 59.5 25.2 51.3 46.3 39.4 Suppliers -3.6 -3.2 5.3 1.1 10.2 18.2 14.2 9.4 Financial Markets 3.3 7.2 3.2 58.5 15.1 33.1 32.2 30.0 INTEREST PAYMENTS(INT) 5.4 6.1 7.8 10.5 15.6 22.1 35.3 32.3 Official Creditors 3.6 3.9 5.2 7.1 10.1 13.4 18.9 19.6 Multilateral 1.9 2.0 2.8 3.2 4.5 6.8 9.9 12.0 I8RD 0.8 1.0 1.5 2.0 3.1 4.1 5.8 7.1 IDA 0.2 0.2 0.2 0.2 0.3 0.3 0.3 0.3 Bilateral 1.7 1.9 2.4 3.9 5.6 6.5 9.0 7.6 Private Creditors 1.9 2.1 2.7 3.4 5.5 8.7 16.4 12.7 Suppliers 1.6 1.3 1.0 2.3 2.2 4.9 5.2 4.8 Financial Markets 0.3 0.9 1.7 1.1 3.3 3.7 11.2 8.0 159 PARAGUAY (US$ MfIlions) 1972 1974 1976 1977 1978 1979 1980 1981 NET TRANSFERS 2.0 8.1 38.9 82.6 83.8 58.3 77.6 89.8 Official Creditors 4.2 6.3 33.2 26.5 64.1 15.7 47.7 63.2 Multilateral 0.7 -0.6 10.5 13.4 23.2 25.4 26.4 49.1 IBRD 1.4 1.2 2.5 4.4 4.1 11.4 23.0 23.5 IDA 1.1 -0.3 2.2 4.8 4.9 3.0 2.3 1.9 Bilateral 3.5 6.9 22.6 13.0 40.9 -9-7 21.2 14.1 Priv,ate Creditors -2.2 1.8 5.8 56.1 19.7 42.6 29.9 26.7 Suppliers -5.2 -4.5 4.3 -1.3 7.9 13.2 9.0 4.7 Financial Markets 3.0 6.3 1.5 57.4 11.8 29.3 21.0 22.0 TOTAL DEBT SERVICE(TDS) 14.2 16.E 19.8 26.6 35.4 52.9 80.1 72.0 Official Creditors 7.5 8.3 10.7 13.7 18.0 25.1 39.9 38.8 Multilateral 3.1 3.3 4.2 4.6 6.0 8.6 13.5 18.2 IBRD 1.0 1.5 2.1 2.5 3.7 4.9 7.1 10.8 IDA 0.3 0.3 0.4 0.4 0.5 0.5 0.6 0.6 Bilateral 4.3 5.0 6.4 9.0 12.0 16.5 26.5 20.5 Private Creditors 6.8 8.3 9.1 12.9 17.5 27.9 40.1 33.3 Suppliers 5.8 5.1 5.2 9.4 8.6 15.9 14.1 19.3 Financial Markets 1.0 3.2 3.9 3.5 8.8 11.9 26.0 14.0 AVERAGE TERMS: PUBLIC DEBT NEW COMMITMENTS ALL CREDITORS Interest (%) 5.1 5.9 6.5 6.9 8.4 6.9 7.2 9.9 Maturity( years) 19.1 23.1 18.4 16.8 16.1 19.1 22.4 15.9 Grace Per^od (years) 4.2 4.6 4.2 4.1 3.6 4.5 6.0 3.5 Grant Element (%) 30.8 28.5 23.4 19.0 13.0 19.7 22.1 4.9 OFFICIAL CREDITORS Interest (%) 3.5 4.8 5.6 6.6 6.6 6.5 5.6 5.9 Maturity (years) 28.7 32.7 23.7 20.2 23.3 21.0 26.2 24.1 Grace Period (years) 6.0 7.1 5.6 5.0 5.4 4.9 6.4 6.0 Grant Element (%) 48.5 42.7 32.1 22.9 23.9 22.8 33.8 31.4 PRIVATE CREDITORS Interest (%) 7.0 7.4 8.4 7.5 10.1 8.4 12.6 12.2 Maturity( years) 8.2 11.3 7.0 7.3 8.7 10.6 9.8 11.3 Grace Period (years) 2.2 1.6 1.3 1.6 1.7 2.5 4.6 2.2 Grant Element (%) 10.5 10.9 4.6 8.1 1.9 6.1 -17.7 -10.1 MAJOR ECONOMIC AGGREGATES (U.S. $ MILLIONS) Gross Nat. Product GNP) 754 1,317 1,671 2,056 2,499 3,398 4,387 5,109 Exports of G. & S. XGS 106 213 258 420 490 595 694 Imports of G. & S. MGS 118 269 331 480 608 807 979 Intl. Reserves (RES) 32 88 158 269 451 627 783 820 PRINCIPAL RATIOS DOD/XGS % 12^.7 77.1 91.7 79.9 90.9 88.0 91.1 DOD/GNP % 17.5 12.5 14.2 16.3 17.8 15.4 14.4 13.8 TOS/XGS % 13.4 7.8 7.7 6.3 7.2 8.9 11.5 TDS/GNP % 1.9 1.3 1.2 1.3 1.4 1.6 1.8 1.4 INT/XGS % 5.1 2.9 3.0 2.5 3.2 3.7 5.1 INT/GNP % 0.7 0.5 0.5 0.5 0.6 0.6 0.8 0.6 RES/DOD % 24.0 53.4 66.7 80.2 101.4 119.8 123.7 116.0 RES/MGS months) 3.2 3.9 5.7 6.7 8.9 9.3 9.6 MEMORANDA Proportion of Disbursed Debt Concessional LoanS (%) 60.0 61.2 59.5 49.9 47.1 41.7 35.4 32.6 Var. Int. Rate LoanS (% - 2.4 5.0 4.6 6.7 11.1 9.9 7.5 Use of IMF Credit(US$ mil - - - - - - - - 1982 1983 1984 1985 1986 1987 1988 1989 PROJcCTED PUBLIC DEBT SERVICE TOTAL DEBT SERVICE 193.6 128.7 150.6 148.6 154.7 146.0 139.0 129.9 Principal 140.7 71.5 89.8 87.3 95.3 90.0 88.1 85.1 Interest 52.8 57.2 60.8 61.3 59.4 56.0 50.9 44.7 OFFICIAL CREDITORS 60.5 67.8 78.0 83.3 93.4 92.4 88.8 87.5 Principal 32.8 35.4 42.4 45.2 55.0 55.1 53.2 54.3 Interest 27.8 32.5 35.6 38.0 38.4 37.3 35.5 33.3 PRIVATE CREDITORS 133.0 60.9 72.6 65.3 61.3 53.6 50.3 42.3 Principal 108.0 36.1 47.4 42.0 40.3 34.9 34.9 30.9 Interest 25.1 24.7 25.2 23.3 21.0 18.7 15.4 11.5 200 PARAGlJAY (US$ MiIlions) 1972 1974 1975 1977 1978 1979 1980 19S8 PRIVATE NON-GUARANTEED DEBT DEBT OUTS.DISB. ONLY .. 22.5 44.4 59.5 85.8 138.1 150.8 132.7 Official Sources .. 4.0 4.9 5.2 5.0 4.6 4.4 4.1 Private Sources . 18.5 39.5 54.3 80.8 132.5 146.4 128.7 Foreign Parent Comp. .. .. - 2.9 2.9 3.9 5.3 5.3 Financial Institutions .. .. 4.2 10.8 13.3 39.1 33.6 1.3 Suppliers .. .. 35.3 43.5 64.6 90.5 107.5 122.1 DISBURSEMENTS .. 22.3 15.3 33.0 38.2 75.3 48.3 38.1 Official Sources .. - - 0.4 - - - - Private Sources .. 22.3 15.3 32.6 38.2 75.3 48.3 38.1 Foreign Parent Comp. .. - - 2.9 - 1.0 1.4 - Financial Institutions .. - - 8.4 5.9 30.9 - - Suppliers .. 22.3 15.3 19.9 32.3 43.4 46.9 38.1 PRINCIPAL REPAYMENTS .. 5.3 9.7 13.7 11.9 23.0 35.6 56.1 Official Sources .. - 0.1 0.2 0.1 0.4 0.3 0.3 Private Sources .. 5.3 9.6 13.5 11.8 22.6 35.3 55.9 Foreign Parent Comp. - - - - - - Financial Institutions .. .. 0.1 1.8 0.5 5.1 5.5 32.3 Suppliers .. .. 9.5 11.7 11.3 17.5 29.8 23.6 NET FLOWS .. 17.0 5.6 19.3 26.3 52.3 12.7 -18.0 Official Sources .. - -0.1 0.2 -0.1 -0.4 -0.3 -0.3 Private Sources .. 17.0 5.7 19.1 26.4 52.7 13.0 -17.8 Foreign Parent Comp. .. .. - 2.9 - 1.0 1.4 - Financial Institutions .. .. -0.1 6.6 5.4 25.8 -5.5 -32.3 Suppliers .. .. 5.8 8.2 21.0 25.9 17.1 14.5 INTEREST PAYMENTS .. 0.6 1.7 2.2 2.4 7.8 S.2 4.6 Official Sources .. 0.1 0.1 0.2 0.1 0.1 0.2 0.1 Private Sources .. 0.5 1.6 2.0 2.2 7.7 9.0 4,4 Foreign Parent Comp. .. .. - - 0.2 0.2 - - Financial Institutions .. .. 0.4 0.5 0.3 4.8 6.7 0.1 Suppliers .. .. 1.2 1.5 1.7 2.7 2.3 4.3 NET TRANSFERS .. 16.4 3.9 17.1 23.9 44.5 3.5 -22.6 Official Sources .. -0.1 -0.2 0.0 -0.3 -0.5 -0.4 -0.4 Private Sources .. 16.5 4.1 17.1 24.2 45.0 4.0 -22.2 Foreign Parent Comp. .. .. - 2.9 -0.2 0.8 1.4 - Financial Institutions .. .. -0.5 6.1 5.1 21.0 -12.2 -32.4 Suppliers .. .. 4.6 6.7 19.3 23.2 14.8 10.2 TOTAL DEBT SERVICE .. 5.9 11.4 15.9 14.3 30.8 44.8 60.7 Official Sources .. 0.1 0.2 0.4 0.3 0.5 0.4 0.4 Private Sources .. 5.8 11.2 15.5 14.0 30.3 44.3 60.3 Foreign Parent Comp . . .. - - 0.2 0.2 - - Financial Institutions . 0.5 2.3 0.8 9.9 12.2 32.4 Suppliers .. .. 10.7 13.2 13.0 20.2 32.1 27.9 1982 1983 1984 1985 1986 1987 1988 1989 PROJECTED NON-GUARANTEED DEBT SERVICE TOTAL DEBT SERVICE 42.4 30.5 24.1 19.5 15.1 9.8 9.2 0.7 Principal 35.1 24.8 20.1 17.0 13.4 8.4 8.3 0.5 Interest 7.4 5.7 4.1 2.5 1.7 1.4 0.9 0.3 201 PARAGUAY (US$ Millions) 1972 1974 1976 1977 1978 1979 1980 1981 PUBLIC AND PRIVATE DEBT DEBT OUTS.DISB. ONLY .. 186.5 281.2 394.8 530.9 6S1.6 783.7 839.3 DISBURSEMENTS .. 47.0 74.0 142.2 157.5 186.5 206.0 200.0 PRINCIPAL REPAYMENTS .. 15.9 21.6 29.8 31.7 53.9 80.4 95.8 NET FLOWS .. 31.1 52.4 112.4 125.7 132.7 125.6 104.1 INTEREST PAYMENTS .. 6.7 9.5 12.7 18.0 29.9 44.5 36.9 NET TRANSFERS .. 24.5 42.8 99.7 107.7 102.8 81.1 67.2 TOTAL DEBT SERVICE .. 22.5 31.2 42.5 49.7 83.7 124.9 132.7 1982 1983 1984 1985 1986 1987 1988 198S PROJECTED PUBLIC AND PRIVATE DEBT SERVICE TOTAL DEBT SERVICE 236.0 159.2 174.8 168.1 169.8 155.8 148.2 130.6 PRINCIPAL 175.8 96.3 109.9 104.3 108.7 98.4 96.5 85.6 INTEREST 60.2 62.9 64.9 63.8 61.1 57.4 51.8 45.0 202 PERU (USS MiIlions) 1972 1974 1976 1977 1978 1979 1980 1981 TOTAL DEBT OUTSTANDING DISB1RSED ONLY TOTAL DEBT .. .. .. .. .. Public / Publicly Guar. 1,054.7 2,221.1 3,666.3 4,711.0 5,402.1 5,933.6 6.167 9 5,973.7 Private Non-guaranteed . .. . . .. .. . PUBLIC / PUBLICLY GUARANTEEU DEBT DEBT OUTS. INC. UNDIS. 1,545.9 3,434.8 5,559.3 6,437.7 6,749.7 7,997.4 8,387.7 8,468.0 Official Creditors 750.6 1,451.9 2,512.9 3,055.2 3,339.9 3,909.2 4,232.2 4,511.7 Multilateral 196.4 289.2 574.9 652.4 647.9 877.2 964.5 1,371.6 IBRD 168.3 225.0 380.7 430.9 428.9 587.8 632.3 755.5 IDA - - - - - - - - Bilateral 554.2 1,162.7 1,938.0 2,402.8 2,692.0 3,032.0 3,267.7 3,140.1 Private Creditors 795.2 1,982.9 3,046.4 3,382.4 3,409.8 4,088.2 4,155.5 3,956.3 Suppliers 479.7 713.4 696.3 1,018.9 1,053.3 1,114.8 1,180.7 1,070.1 Financial Markets 315.6 1,269.5 2,350.1 2,363.5 2,356.5 2,973.4 2,974.8 2,886.2 DEBT OUTS. DISS. (DOD) 1,054.7 2,221.1 3,666.3 4,711.0 5,402.1 5,933.6 6,167.9 5,973.7 Official Creditors 487.0 797.2 1,337.2 2,055.7 2,541.6 2,734.5 3,157.5 3,131.5 Multilateral 156.4 152.0 170.7 220.1 257.8 331.4 513.5 648.2 IBRO 131.3 131.7 148.0 171.0 185.6 234.7 359.4 415.9 IDA - - - - - - - - Bilateral 330.6 645.2 1,166.5 1,835.6 2,283.8 2,403.1 2,644.1 2,483.4 Private Creditors 567.7 1,424.0 2,329.2 2,655.3 2,860.5 3,199.1 3,010.4 2,842.1 Suppliers 336.6 444.6 541.0 579.4 682.4 699.5 697.3 680.7 Financial Markets 231.1 979.4 1,788.2 2,075.9 2,178.1 2,499.6 2,313.1 2,161.5 COMMITMENTS 446.7 1,375.8 1,862.9 1,118.4 508.0 1,858.2 1,519.6 1,902.1 Official Creditors 200.1 650.9 933.0 557.0 326.7 778.4 622.1 828.2 Multilateral - 51.9 287.5 102.1 44.3 244.7 159.6 443.2 IBRD - 26.0 174.1 60.0 8.8 171.0 60.0 143.0 IDA - - - - - - - - Bilateral 200.1 599.0 645.5 454.9 282.4 533.6 462.5 385.1 Private Creditors 246.6 724.9 929.9 561.4 181.3 1,079.8 897.5 1,073.8 Suppliers 85.4 138.8 139.1 399.5 73.3 216.6 317.8 164.4 Financial Markets 161.2 586.1 790.8 161.9 108.0 863.3 579.7 909.5 DISBURSEMENTS 278.9 1,081.4 889.7 1,298.1 841.3 1,120.0 1,234.0 1,469.1 Official Creditors 105.1 332.8 312.6 722.1 486.7 375.1 648.0 446.7 Multilateral 10.5 11.0 25.9 60.5 49.2 89.0 209.2 167.7 IBRD 9.7 8.8 19.7 32.7 25.5 61.1 139.6 '76.3 IDA - - - - - - - - Bilateral 94.6 321.9 286.7 661.6 437.5 286.1 438.7 279.0 Private Creditors 173.7 748.6 577.1 575.9 354.6 744.9 586.0 1,022.4 Suppliers 47.9 124.4 134.5 130.2 180.7 172.6 221.0 222.0 Financial Markets 125.8 624.2 442.7 445.7 174.0 572.3 365.0 800.4 PRINCIPAL REPAYMENTS 130.7 319.2 256.0 404.9 432.7 483.0 957.0 1,366.9 Official Creditors 51.0 118.6 100.6 111.7 156.8 174.0 284.4 358.0 Multilateral 11.6 13.5 12.6 12.6 13.7 16.1 24.3 30.5 IBRD 7.7 8.8 9.5 9.7 10.8 12.1 14.8 19.8 IDA - - - - - - - - Bilateral 39.3 105.0 88.0 99.0 143.1 157.8 260.1 327.5 Private Creditors 79.7 200.7 155.4 293.2 275.9 309.1 672.6 1,008.8 Suppliers 52.2 66.6 104.3 116.3 122.0 94.2 179.5 170.4 Financial Markets 27.5 134.1 51.0 176.9 153.9 214.8 493.2 838.5 NET FLOWS 148.2 762.2 633.7 893.2 408.6 637.0 277.0 102.2 Official Creditors 54.1 214.3 211.9 610.5 329.9 201.2 363.6 88.7 Multilateral -1.1 -2.6 13.3 47.9 35.5 72.9 185.0 137.2 IBRD 2.0 0.0 10.2 23.0 14.7 49.0 124.8 56.5 IDA - - - - - - - - Bilateral 55.3 216.8 198.6 562.6 294.4 128.3 178.6 -48.5 Private Crectitors 94.0 547.9 421.8 282.7 78.8 435.8 -86.6 13.6 Suppliers -4.3 57.9 30.2 13.9 58.7 78.4 41.6 51.6 Financial Markets 98.3 490.1 391.6 268.9 20.0 357.5 -128.2 -38.1 INTEREST PAYMENTS(INT) 52.4 113.6 199.0 248.5 319.9 440.2 547.4 528.2 Official Creditors 24.3 32.9 43.4 59.7 86.7 132.7 156.5 177.4 Multilateral 9.4 10.9 12.1 16.2 22.2 25.6 33.4 44.5 IBRO 7.9 8.9 10.0 12.5 15.9 18.5 23.6 29.4 IDA - - - - - - - - Bilateral 14.9 22.0 31.3 43.5 64.6 107.0 123.1 132.9 Private Creditors 28.1 80.7 155.6 188.8 233.2 307.5 390.8 350.8 Suppliers 18.8 19.5 31.8 37.3 45.1 59.6 66.1 48.5 Financial Markets 9.3 61.2 123.8 151.5 188.1 248.0 324.8 302.2 PERU (USS Mi / lions) 1972 1974 1976 1977 197E 1979 1980 19Si NET TRANSFERS 95.8 648.6 434.7 644.8 88.7 196.8 -270.4 -425.9 Official Creditors 29.8 181.4 168.5 550.8 243.1 68.5 207.0 -88.7 Multilateral -10.B -13.5 1.2 31.7 13.3 47.2 151.6 92.7 IBRD -E.8 -8.9 0.2 10.4 -1.2 30.5 101.1 27.1 IDA - Bilateral 40.4 194.9 167.3 519.1 229.8 21.3 55.5 -181.4 Private Creditors 65.9 467.2 266.2 94.0 -154.4 128.3 -477.5 -337.2 Suppliers -23.1 38.4 -1.7 -23.4 13.6 18.8 -24.5 3.1 Financial Markets 89.0 428.9 267.8 117.3 -168.0 109.5 -453.0 -340.3 TOTAL DEBT SERVICE(TDS) 183.1 432.8 455.0 653.3 752.7 923.2 1,504.4 1,895.0 Official Creditors 75.3 151.4 144.1 171.4 243.6 306.6 440.9 535.4 Multilateral 21.1 24.4 24.8 28.9 35.9 41.8 57.7 75.0 IBRD 15.6 17.7 19.5 22.2 26.7 30.6 38.5 49.2 IDA - -2 - 2 8 4604 Bilateral 54.2 127.0 119.3 142.5 207.7 264.9 383.2 460.4 Private Creditors 107.8 281.4 311.0 482.0 509.1 616.6 1,063.5 1,359.6 Suppliers 71.0 86.1 136.1 153.6 167.1 153.8 245.5 218.9 Financial Markets 36.8 195.3 174.8 328.4 342.0 462.8 818.0 1,140.7 AVERAGE TERMS: PUBLIC DEBT NEW COMMITMENTS ALL CREDITORS Interest (%) 6.6 8.5 6.2 7.0 7.6 9.5 9.3 12.6 Maturity (years) 11.9 11.7 11.3 10.6 1O.7 11.3 12.1 11.9 Grace Period (years) 3.4 4.1 3.2 3.0 3.0 3.5 3.5 3.4 Grant Element i%) 16.9 7.7 17.7 13.8 14.3 6.2 5.9 -8.9 OFFICIAL CREDITORS Interest (%) 5.1 6.0 4.8 5.6 6.7 6.1 7.4 8.6 Maturity (years) 17.2 14.1 15.3 12.7 11.6 14.4 15.1 16.8 Grace Period (years) 4.1 4.1 4.2 3.3 3.3 3.8 4.2 4.1 Grant Element (A) 2S.1 20.9 28.3 22.2 20.2 22.9 19.6 9.9 PRIVATE CREDITORS Interest (%) 7.8 10.7 7.7 8.4 9.1 11.9 10.6 15.6 Maturity (years) 7.7 9.6 7.2 8.5 9.1 9.1 10.1 8.1 Grace Period (years) 2.7 4.1 2.2 2.6 2.3 3.3 2.9 2.9 Grant Element (%) 7.8 -4.1 7.2 5.5 3.7 -5.8 -3.2 -23.2 MAJOR ECONOMIC AGGREGATES (U.S. $ MILLIONS) Gross Nat. Product (GNP) 8.348 12,614 14,110 13,227 11,223 14.383 18,417 20.906 Exports of G. & S. (XGS) 1,166 1,880 1.756 2,144 2,408 4.142 4,852 4.217 Imports of G. & S. (MGS) 1.237 2,653 3,008 3,123 2,660 3,534 4,926 5,902 Intl. Reserves (RES) 513 1,112 424 522 617 2.114 2,803 1,764 PRINCIPAL RATIOS DOD/XGS (%) 90.4 118.2 20B.8 219.8 224.4 143.2 127.1 141.6 DOD/GNP 1%) 12.6 17.6 26.0 35.6 48.1 41.2 33.5 28.6 TDS/XGS % 15.7 23.0 25.9 30.5 31.3 22.3 31.0 44.9 TDS/GNP YO 2.2 3.4 3.2 4.9 6.7 6.4 8.2 9.1 INT/XGS (%) 4.5 6.0 11.3 11.6 13.3 10.6 11.3 12.5 INT/GNP (% 0.6 0.9 1.4 1.9 2.9 3.1 3.0 2.5 RES/DOD (% 48.7 50.1 11.6 11.1 11.4 35.6 45.4 29.5 RES/MGS (months) 5.0 5.0 1.7 2.0 2.8 7.2 6.8 3.6 MEMORANDA Proportion of Disbursed Debt Concessional Loans (%) 12.4 12.4 12.3 18.6 21.2 19.2 21.5 23.4 Var. Int. Rate Loans (°/ 7.7 29.7 35.7 30.4 27.5 28.4 24.6 25.8 Use of IMF Credit(US$ mil 33.4 - 184.4 205.0 333.6 491.6 473.9 387.4 1982 1983 1984 1985 1986 1987 1988 1989 PROJECTED PUBLIC DEBT SERVICE TOTAL DEBT SERVICE 1,569.3 1,499.1 1,423.6 1,221.4 1,132.4 972.4 852.4 659.6 Principal 1,047.9 1,005.1 974.5 821.3 784.1 685.7 622.0 480.7 Interest 521.5 494.0 449.1 400.1 348.4 286.7 230.5 178.9 OFFICIAL CREDITORS 606.0 595.7 579.8 575.9 563.6 494.2 439.9 309.5 Principal 427.0 413.6 402.0 404.6 409.1 359.8 324.0 211.1 Interest 179.0 182.0 177.8 171.3 154.5 134.4 116.0 98.4 PRIVATE CREDITORS 963.4 903.5 843.8 645.5 568.8 478.2 412.5 350.0 Principal 620.9 591.5 572.5 416.7 375.0 325.9 298.0 269.5 Interest 342.5 312.0 271.3 228.9 193.8 152.3 114.5 80.5 204 TRINIDAD AND TOBAGO (US$ Millions) 1972 1974 1976 1977 1978 1979 19ao 1981 TOTAL DEBT OUTSTANDING DISBURSED ONLY TOTAL DEBT .. .. . .. .. Public / Publicly Guar. 122.1 166.0 106.4 257.0 417.5 468.8 606.4 658.9 Private Non-guaranteed . . . .. .. . .. . PUBLIC / PUBLICLY GUARANTEED DEBT DEBT OUTS. INC. UNDISB. 149.3 223.0 157.3 291.5 527.0 768.3 757.0 794.2 Official Creditors 82.9 129.2 132.2 118.9 193.6 321.3 311.1 286.3 Multilateral 54.5 93.1 92.6 82.4 83.1 94.1 88.2 81.5 IBRD 53.2 85.0 85.2 74.9 70.9 86.2 80.5 74.1 IDA - - - - - - - - Bilateral 28.4 36.1 39.6 36.6 110.6 227.2 222.9 204.8 Private Creditors 66.4 93.7 25.0 172.6 333.4 447.0 445.9 507.9 Suppliers 4.0 7.0 - - - - - - Financial Markets 62.4 86.8 25.0 172.6 333.4 447.0 445.9 507.9 DEBT OUTS. DIB5. (DOD) 122.1 166.0 106.4 257.0 417.5 468.8 606.4 658.9 Official Creditors 55.7 72.2 81.4 84.4 84.1 114.2 203.1 252.3 Multilateral 32.0 40.8 53.2 58.0 60.9 61.7 62.0 61.2 IBRD 32.0 40.2 51.6 56.3 58.8 57.9 56.5 54.1 IDA - - - - - - - - Bilateral 23.7 31.4 28.2 26.4 23.3 52.5 141.0 191.2 Private Creditors 66.4 93.7 25.0 172.6 333.4 354.5 403.3 406.5 Suppliers 4.0 7.0 - - -- - - Financial Markets 62.4 86.8 25.0 172.6 333.4 354.5 403.3 406.5 COMMITMENTS 36.8 72.4 7.3 150.0 237.1 261.1 165.4 102.3 Official Creditors 18.0 37.7 7.3 - S3.6 139.6 - 9.7 Multilateral 12.6 28.9 7.0 - 5.0 20.0 - - IBRD 11.3 23.0 7.0 - - 20.0 - - IDA - - - - - - Bilateral 5.4 8.8 0.3 - 78.6 119.6 - 9.7 Private Creditors 18.8 34.7 - 150.0 153.6 121.5 165.4 92.6 Suppliers - - - - - - Financial Markets 18.8 34.7 - 150.0 153.6 121.5 165.4 92.6 DISBURSEMENTS 27.1 55.2 10.6 157.6 160.5 e6.8 313.5 87.8 Official Creditors 8.3 14.4 10.6 7.6 7.0 37.7 98.7 59.4 Multilateral 4.7 6.3 8.9 7.4 6.6 5.5 6.1 5.1 IBRD 4.7 5.9 8.9 7.3 6.4 3.7 4.2 3.3 IDA - - - - - - - - Bilateral 3.6 8.1 1.7 0.3 0.4 32.2 92.7 54.3 Private Creditors 18.8 40.7 - 150.0 153.6 29.1 214.8 28.4 Suppliers - - - - - - - - Financial Markets 18.8 40.7 - 150.0 153.6 29.1 214.8 28.4 PRINCIPAL REPAYMENTS 4.9 40.2 67.9 7.2 9.7 9.8 175.3 25.6 Official Creditors 2.7 3.2 7,5 4.1 6.8 7.9 9.8 9.9 Multilateral 1.5 1.7 2.3 2.6 4.0 4.7 5.7 5.9 IBRD 1.5 1.7 2.3 2.6 3.9 4.6 5.6 5.8 IDA - - - - - - - - Bilateral 1.3 1.5 5.2 1.5 2.8 3.2 4.1 4.0 Private Creditors 2.1 37.1 60.4 3.1 2.9 1.9 165.5 15.7 Suppliers - - 7.0 - - - - - Financial Markets 2.1 37.1 53.4 3.1 2.9 1.9 165.5 15.7 NET FLOWS 22.3 14.9 -57.3 150.5 150.8 57.0 138.2 62.2 Official Creditors 5.5 11.2 3.1 3.5 0.2 29.8 88.9 49.5 Multilateral 3.2 4.7 6.6 4.8 2.7 0.8 0.4 -0.8 IBRD 3.2 4.2 6.6 4.7 2.5 -0.9 -1.4 -2.5 IDA - - - - - - - - Bilateral 2.3 6.6 -3.5 -1.2 -2.5 29.0 88.6 50.4 Private Creditors 16.7 3.7 -60.4 146.9 150.6 27.2 49.3 12.7 Suppliers - - -7.0 - - - - - Financial Markets 16.7 3.7 -53.4 146.9 150.6 27.2 49.3 12.7 INTEREST PAYMENTS(INT) 6.3 15.0 10.1 7.7 22.1 44.1 46.9 72.2 Official Creditors 2.8 4.1 5.1 5.2 5.9 6.6 12.0 17.7 Multilateral 1.8 2.7 3.4 3.9 4.6 5.0 5.0 4.7 IBRD 1.S 2.6 3.3 3.8 4.6 4.8 4.8 4.5 IDA - - - - - - - - Bilateral 1.0 1.4 1.6 1.3 1.2 1.6 7.0 12.9 Private Creditors 3.4 10.9 5.0 2.5 16.2 37.5 34.9 54.6 Suppliers 0.3 0.5 0.6 - - - - - Financial Markets 3.2 10.4 4.5 2.5 16.2 37.5 34.9 54.6 TRINIDAD AND TOBAGO (US$ Mi 11ions) 1972 1974 1976 1977 1978 1979 1980 1981 NET TRANSFERS 16.0 0.0 -67.4 142.8 128.8 13.0 91.3 -10.0 Official Creditors 2.7 7.2 -2.0 -1.7 -5.7 23.3 76.9 31.9 Multilateral 1.4 2.0 3.2 0.9 -2.0 -4.2 -4.6 -5.6 IBRD 1.4 1.6 3.3 0.9 -2.1 -5.7 -6.2 -6.9 IDA - - Bi1ateral 1.3 5.2 -5.2 -2.6 -3.7 27.4 81.6 37.4 Private Creditors 13.3 -7.2 -65.4 144.4 134.4 -10.3 14.4 -41.9 Suppliers -0.3 -0.5 -7.5 - - - Financial Markets 13.5 -6.7 -57.9 144.4 134.4 -10.3 14.4 -41.9 TOTAL DEBT SERVICE(TDS) 11.1 55.2 78.0 14.9 31.8 53.9 222.2 97.8 Official Creditors 5.6 7.3 12.6 9.3 12.7 14.5 21.8 27.6 Multilateral 3.3 4.4 5.7 6.5 8.6 9.7 10.7 10.7 IBRD 3.3 4.3 5.6 6.4 8.5 9.4 10.4 10.2 IDA - - - - - - - - Bilateral 2.3 2.9 6.8 2.8 4.1 4.8 11.1 16.9 Private Creditors 5.6 47.9 65.4 5.6 19.1 39.4 200.4 70.2 Suppliers 0.3 0.5 7.5 - - - - Financial Markets 5.3 47.4 57.9 5.6 19.1 39.4 200.4 70.2 AVERAGE TERMS: PUBLIC DEBT NEW COMMITMENTS ALL CREDITORS Interest (%) 8.0 8.8 8.3 7.5 7.8 9.9 10.5 8.7 Maturity (years) 13.0 15.7 15.9 7.2 10.0 10.0 8.1 7.7 Grace Period (vears) 4.4 3.5 3.9 3.2 5.9 3.4 3.5 O.2 Grant Element 1%) 11.5 7.1 9.4 9.0 9.0 0.9 -3.2 3.2 OFFICIAL CREDITORS Interest (%) 6.5 6.3 8.3 - 8.4 8.3 - 8.7 Maturity (years) 18.8 18.0 15.9 - 11.8 10.4 - 7.7 Grace Period (years) 6.9 4.2 3.9 3.1 4.9 0.2 Grant Element (%) 22.3 22.6 9.4 - 6.9 7.6 - 3.2 PRIVATE CREDITORS Interest (%) 9.5 11.5 - 7.5 7.5 11.7 10.5 - Maturity (years) 7.5 13.3 - 7.2 9.0 9.4 8.1 - Grace Period (years) 1.9 2.6 - 3.2 7.4 1.7 3.5 - Grant Element (%) 1.2 -9.7 - 9.0 10.1 -6.8 -3.2 - MAJOR ECONOMIC AGGREGATES (U.S. $ MILLIONS) Gross Nat. Product (GNP) 1,077 1,855 2,667 3,453 3,795 4,247 5,791 6,252 Exports of G. & S. (XGS) 451 1,175 1,381 1.552 1,690 2,239 3,415 - Imports of G. & S. (MGS) 569 890 1,165 1,249 1,615 2,234 4,117 Intl. Reserves (RES) 58 390 1,014 1,486 1,814 2,165 2,812 3,366 PRINCIPAL RATIOS DOD/XGS (%) 27.1 14.1 7.7 16.6 24.7 20.9 17.8 DOD/GNP (%) 11.3 8.9 4.0 7.4 11.0 11.0 10.5 10.5 TDS/XGS %) 2.5 4.7 5.6 1.0 1.9 2.4 6.5 TDS/GNP % 1.0 3.0 2.9 0.4 0.8 1.3 3.8 1.6 INT/XGS % 1.4 1.3 0.7 0.5 1.3 2.0 1.4 INT/GNP % 0.6 0.8 0.4 0.2 0.6 1.0 0.8 1.2 RES/COD (c% 47.8 235.2 952.5 578.3 434.5 462.0 463.7 510.9 RES/MGS months) 1.2 5.3 10.4 14.3 13.5 11.6 8.2 MEMORANDA Proportion of Disbursed Debt Concessional Loans (%) 5.6 4.8 10.1 3.9 2.4 2.5 2.1 2-2 Var. Int. Rate Loans (% - 34.2 10.9 62.1 38.0 39.9 36.1 33.4 LUse of IMF Credit(US$ mill - - - - 1982 1983 1984 1985 1986 1987 1988 1989 PROJECTED PUBLIC DEBT SERVICE TOTAL DEBT SERVICE 105.0 182.0 127.6 131.1 122.5 112.9 83.4 53.0 Principal 37.0 116.1 71.9 83.9 87.1 86.7 66.5 41.4 Interest 68.0 65.9 55.7 47.2 35.4 26.2 16.8 11.7 OFFICIAL CREDITORS 40.7 41.8 40.5 50.3 53.7 50.3 43.9 32..8 Principal 20.5 22.5 22.8 34.1 40.2 39.8 36.6 28.3 Interest 20.2 19.3 17.7 16.2 13.5 10.5 7.3 4.4 PRIVATE CREDITORS 64.3 140.2 87.1 S0.8 68.8 62.S 39.5 20.3 Principal 16.5 93.6 49.1 49.7 46.9 46.9 30.0 13.1 Interest 47.8 46.6 38.0 31.0 21.9 15.7 9.5 7.2 zuo URUGUAY (US$ MWillions) 1972 1974 1976 1977 1978 1979 1980 1981 TOTAL DEBT OUTSTANDING DISBURSED ONLY TOTAL DEBT . . 637.2 751.1 819.5 861.1 1,107.3 1,291.2 1,637.8 Public / Publicly Guar. 326.9 518.6 692.8 736.4 793.6 922.7 t,080.3 1,311.6 Private Non-guaranteed . . 118.6 57.3 83.1 67.5 184.6 210.9 326.2 PUBLIC / PUBLICLY GUARANTEED DEBT DEBT OUTS. INC. UNDISB. 402.2 735.6 1,152.7 1,169.7 1,209.7 1,375.3 1,587.3 1,878.3 Official Creditors 262.7 424.4 478.5 434.5 437.0 499.8 646.6 794.3 Multilateral 116.4 167.0 251.5 240.9 271.7 346.3 424.7 582.7 IBRD 77.6 78.0 117.3 95.5 98.5 141.8 209.9 271.4 IDA - - - - - - - - Bilateral 146.3 257.5 227.0 193.6 165.3 153.4 221.9 211.6 Private Creditors 139.5 311.2 674.1 735.2 772.8 875.5 940.6 1,083.9 SUPPliers 15.3 20.6 34.4 31.7 39.4 37.4 37.9 31.3 Financial Markets 124.2 290.6 639.7 703.5 733.3 838.1 902.7 1,052.6 DEBT OUTS. DISB. (DOD) 326.9 518.6 693.8 736.4 793.6 922.7 1,080.3 1,311.6 Official Creditors 188.9 272.9 265.0 247.8 256.2 297.6 321.0 315.7 Multilateral 70.1 93.4 12C.2 124.8 146.3 168.1 181.9 178.6 IBRD 54.7 70.8 79.2 75.6 73.7 73.8 72.3 70.1 IDA - - - - - - - - Bilateral 118.7 179.6 144.8 123.0 109.9 129.5 139.1 137.1 Private Creditors 138.0 245.6 428.8 488.6 537.4 625.1 759.2 995.9 Suppliers 15.2 20.6 26.6 31.0 33.2 36.6 36.1 31.3 Financial Markets 122.8 225.0 402.2 457.5 504.3 588.5 723.1 964.6 COMMITMENTS 133.0 386.4 290.7 257.2 400.2 218.9 322.0 383.0 Official Creditors 69.1 128.9 25.2 15.0 39.4 86.0 184.3 173.0 Multilateral 11.2 21.8 - 15.0 39.4 86.0 104.2 173.0 IBRD 11.2 - - - 9.7 50.5 74.0 70.0 IDA - - - - -- - - Bilateral 57.9 107.2 25.2 0.0 0.0 - 80.1 0.0 Private Creditors 63.9 257.5 265.5 242.2 360.8 132 9 137.7 210.0 Suppliers 0.1 16.4 3.9 1.6 10.9 2.4 8.0 3.4 Financial Markets 63.7 241.0 261.6 240.6 349.9 130.6 129.7 206.6 DISBURSEMENTS 122.6 289.4 224.1 225.7 416.0 182.0 251.5 291.9 Official Creditors 59.9 86.4 4Q.0 24.7 43.7 64.1 45.9 19.9 Multilateral 11.1 26.8 27.5 13.0 28.5 32.5 24.8 11.7 IBRD 8.8 19.0 16.6 4.0 4.8 7.3 4.4 6.2 IDA - - - - - - - - Bilateral 48.8 59.6 12.4 11.6 15.2 31.6 21.1 8.3 Private Creditors 62.7 203.0 184.2 201.0 372.2 117.8 205.6 272.0 Suppliers 0.3 16.4 7.0 8.7 5.3 7.9 7.0 5.2 Financial Markets 62.4 186.5 177.1 192.3 367.0 109.9 198.7 266.7 PRINCIPAL REPAYMENTS 88.7 125.5 148.6 187.2 366.0 54.8 90.2 52.7 Official Creditors 24.1 23.8 39.9 43.8 39.3 22.6 20.3 23.6 Multilateral 7.8 9.0 8.8 10.1 10.2 10.5 9.4 13.8 IBRD 6.0 6.8 6.8 7.6 6.7 7.2 5.9 8.4 IDA - - - - - - - Bilateral 16.2 14.8 31.1 33.8 29.1 12.1 10.9 9.8 Private Creditors 64.6 101.7 108.6 143.3 326.7 32.2 69.9 29.1 Suppliers 6.2 6.2 7.9 5.2 4.8 5.7 6.7 5.9 Financial Markets 58.4 95.6 100.7 138.1 321.9 26.5 63.1 23.2 NET FLOWS 33.9 163.9 75.6 38.5 50.0 127.2 161.3 239.2 Official Creditors 35.8 62.7 0.0 -19.2 4.4 41.5 25.6 -3.7 Multilateral 3.2 17.8 18.7 3.0 18.3 22.0 15.4 -2.1 IBRD 2.8 12.2 9.8 -3.6 -1.9 0.1 -1.5 -2.2 IDA - - - - - - - Bilateral 32.6 44.8 -18.6 -22.1 -13.9 19.5 10.2 -1.5 Private Creditors -1.9 101.2 75.5 57.7 45.5 85.6 135.8 242.8 Suppliers -5.9 10.2 -0.9 3.5 0.5 2.2 0.2 -0.7 Financial Markets 4.0 91.0 76.4 54.2 45.1 83.4 135.5 243.5 INTEREST PAYMENTS(INT) 18.8 31.0 57.4 57.8 60.5 69.0 100.7 120.7 Official Creditors 7.7 15.6 16.5 17.4 16.8 18.6 21.8 22.8 Multilateral 4.5 6.3 8.4 11.0 12.6 13.9 15.6 15.6 IBRD 3.2 4.6 5.1 6.1 6.8 7.0 7.1 7.1 IDA - - - - - - - - Bilateral 3.3 9.2 8.2 6.4 4.2 4.8 6.1 7.2 Private Creditors 11.0 15.4 40.8 40.5 43.6 50.3 78.9 97.9 SJppliers 1.5 0.9 1.4 2.3 2.2 2.3 2.6 3.0 Financial Markets 9.6 14.4 39.5 38.2 41.4 48.0 76.3 94.9 207 URUGUAY (US$ Ml,11ions) 1972 1974 1976 1977 1978 1979 1980 1S81 NET TRANSFERS 15.1 132.9 18.2 -19.3 -10.5 58.2 60.7 118.4 Official Creditors 28.1 47.1 -16.5 -36.5 -12.4 22.9 3.8 -26.5 Multilateral -1.2 11.5 10.3 -8.0 5.7 8.1 -0.3 -17.8 IBRD -0.4 7.6 4.7 -9.7 -8.7 -6.9 -8.6 -9.3 IDA - - - Bilateral 29.3 35.6 -26.8 -28.5 -18.1 14.8 4.1 -8.7 Pr1vate Creditors -13.0 85.8 34.7 17.2 1.9 35.3 56.9 144.9 Suppliers -7.4 9.3 -2.3 1.2 -1.8 -0.1 -2.3 -3.7 Financial Markets -5.6 76.5 36.9 16.0 3.7 35.5 59.2 148.6 TOTAL DEBT SERVICE(TDS) 107.4 156.5 205.9 245.0 426.5 123.7 190.8 173.5 Official Creditors 31.8 39.3 56.4 61.2 56.1 41.2 42.1 46.4 Multilateral 12.3 15.3 17.2 2i.1 22.9 2A.4 25.0 29.4 IBRD 9.3 11.4 11.9 13.8 13.5 14.2 13.1 15.5 IDA - - - Bilateral 19.5 24.0 39.2 40.1 33.3 16.8 17.0 17.0 Private Creditors 75.6 117.1 149.5 183.8 370.4 82.5 148.8 127.1 Suppliers 7.7 7.1 9.3 7.6 7.0 8.0 9.3 8.9 Financial Markets 68.0 110.0 140.2 176.3 363.3 74.5 139.5 118.2 AVERAGE TERMS: PUBLIC DEBT NEW COMMITMENTS ALL CREDITORS Interest (%) 6.6 10.0 8.8 10.1 10.3 8.2 10.3 12.1 Maturity Nyears) 6.9 9.1 14.2 8.6 11.1 13.9 12.5 15.8 Grace Period (years) 1.5 1.7 3.4 3.9 4.4 4.0 3.2 4.5 Grant Element (%) 10.9 0.5 6.8 -2.8 -2.3 9.6 -1.4 -12.0 OFFICIAL CREDITORS Interest (%) 6.4 7.5 7.4 8.6 7.9 7.7 7.8 9.2 Maturity (years) 9.4 12.0 17.8 15.0 22.0 17.0 15.7 19.8 Grace Period (years) 1.6 3.0 4.9 4.5 4.7 4.3 3.1 3.7 Grant Element (%) 14.8 14.5 13.1 7.0 13.0 12.7 10.8 3.8 PRIVATE CREDITORS Interest (%) 6.9 1u.S 9.0 10.2 10.5 8.4 13.6 14.6 Maturity years) 4.2 7.6 13.9 8.3 9.9 11.8 8.3 12.5 Grace Period (years) 1.4 1.1 3.2 3.9 4.3 3.8 3.3 5.1 Grant Element (%) 6.6 -6.5 6.2 -3.5 -3.9 7.5 -17.8 -24.9 MAJOR ECONOMIC AGGREGATES (U.S. $ MILLIONS)' Gross Nat. Product GNP) 2,171 3,682 3,644 4,125 4,917 6,905 9.770 10,791 Exports of G. & S. XGS 352 505 703 820 931 1.248 1,594 Imports of G. & S. MGS 305 640 784 994 1,065 1,613 2,312 Intl. Reserves (RES) 298 740 649 896 1,110 1,990 2,377, PRINCIPAL RATIOS DOD/XGS (%) 92.9 102.8 98.7 89.8 85.2 73.9 67.8 DOD/GNP % 15.1 14.1 19.0 17.9 16.1 13.4 11.1 12.2 TDS/XGS % 30.5 31.0 29.3 29.9 45.8 9.9 12.0 TDS/GNP % 4.9 4.2 5.7 5.9 8.7 1.8 2.0 1.6 INT/XGS % 5.3 6.1 8.2 7.1 6.5 5.5 6.3 INT/GNP % 0.9 0.8 1.6 1.4 1.2 1.0 1.0 1.1 RES/DOD % 91.3 142.6 93.5 121.7 139.8 215.7 220.0 RES/MGS mo ,nths) 11.8 13.9 9.9 10.8 12.5 14.8 12.3 MEMORANDA Proportion of Disbursed Debt Concessional Loans (%) 26.9 14.5 10.7 9.8 9.5 8.9 7.9 6.4 Var. lnt. Rate Loans (% 1.4 16.1 22.4 21.4 17.6 19.7 24.4 33.5 Use of IMF Credit(US$ mil 39.9 78.1 145.1 119.3 - - - - 1982 1983 1984 1985 198E 1987 1988 1989 PROJECTED PUBLIC DEBT SERVICE TOTAL DEBT SERVICE 250.0 298.5 345.5 342.9 309.0 284.3 238.0 169.5 Principal 106.0 148.4 205.6 218.0 202.2 196.3 169.3 117.5 Interest 144.0 150.1 139.9 124.8 106.8 88.0 68.7 52.0 OFFICIAL CREDITORS 77.7 87.4 92.8 105.4 80.2 79.3 77.2 74.1 Principal 50.7 58.9 62.4 73.0 48.0 47.0 45.9 44-9 Interest 27.0 28.5 30.4 32.4 32.2 32.3 31.2 29.1 PRIVATE CREDITORS 172.3 211.2 252.7 237.5 228.9 205.0 160.8 95.4 Principal 55.3 89.5 143.2 145.0 154.2 149.3 123.3 72.5 Interest 117.0 121.7 109.5 92.5 74.6 55.7 37.5 22.9 URUGUAY (US$ biIJ ions) 1912 1974 1976 1977 1978 1979 1980 1981 PRIVATE NON- GUARANTEED DEBT DEBT OUTS.DrSB. ONLY . 118.6 57.3 83.1 67.5 184.6 210.9 326.2 Off icial Sources Private Sources - * . .. . Foreign Parent Comp. Financial Institutions Suppliers DISBURSEMENTS . .. .. Official Sources Private Sources * *- Foreian Parent Comp. Financial Institutions Suppleiers PRINCIPAL REPAYMENTS Official Sources ' .. . . .. . Private Sources . . *- . . *- Foreign Parent Comp. Financial Institutions Suppliers . .. NET FLOWS Official Sources * .. . . Private Sources Foreign Parent Comp. Financial Institutions - - *- *- Suppliers .. .. INTEREST PAYMENTS Official Sources .. .. .. .. Private Sources - .. .. . . Foreign Parent Comp. . .* ' . . . *- Financial Institutiosis Suppliers NET TRANSFERS .. Official Sources - . * * *- Private Sources . .. .. .. Foreign Parent Comp. .. . . .. *- Financial Institutions Suppliers TOTAL DEBT SERVICE official Sources ' * *- *- Private Sources Foreign Parent Comp. Financial Institutions Suppliers .. .. 1982 1983 1984 1985 1986 1987 1988 1989 PROJECTED NON-GUARANTEED DEBT SERVICE TOTAL DEBT SERVICE .. .. .. .. Principal 221.1 48.5 24.3 15.3 7.9 209 URlIGUAY (us$ Millions) 1972 1974 1976 1977 1978 1979 1980 1981 PUBLIC AND PRIVATE DEBT DEBT OUTS.DISB. ONLY .. 637.2 751.1 819.5 861.1 1,107.3 1,291.2 1,637.8 DISBURSEMENTS .. .. .. . .. PRINCIPAL REPAYMENTS .. .. .. .. .. NET FLOWS .. .. .. . .. INTEREST PAYMENTS .. .. .. .. .. NET TRANSFERS .. .. .. .. .. TOTAL DEBT SERVICE . .. .. .. .. .. 1982 1983 1984 1985 1986 1987 1988 1989 PROJECTED PUBLIC AND PRIVATE DEBT SERVICE TOTAL DEBT SERVICE .. .. .. .. . PRINCIPAL 327.1 196.9 229.9 233.3 210.1 .. INTEREST .. .. . .. .. .. 210 VENEZUELA (US$ Mi!lions) 1972 1974 1975 1977 1978 1979 1980 1981 TOTAL DEBT OUTSTANDING DISBURSED ONLY TOTAL DEBT .. .. .. .. .. .. Public / Publicly Guar. 1,419.1 1,493.0 2,961.4 4,426.5 6,892.8 9,805.0 10,872.6 11,352.0 Private Non-guaranteed . .. . . . .. PUBLIC / PUBLICLY GUARANTEED DEBT DEBT OUTS. INC. UNDISB. 1,795.0 1,889.5 3,204.2 4,780.7 7,384.3 10,238.7 11,150.4 11,534.9 Official Creditors 619.5 740.3 611.8 595.1 550.5 494.0 450.0 367.2 Multilateral 417.0 446.7 368.6 318.8 295.7 260.5 219.4 180.2 IBRD 308.4 295.3 228.7 206.8 186.6 161.6 133.2 105.9 IDA - - - - - - - - Bilateral 202.5 293.6 243.2 276.3 254.8 233.5 230.6 187.0 Private Creditors 1,175.5 1,149.2 2,592.4 4,185.6 6.833.8 9,744.8 10,700.4 11,167.7 Suppliers 420.0 462.3 257.5 269.8 431.4 377.9 354.1 242.9 Financial Markets 755.6 573.0 1,326.0 3,293.8 5,930.8 8,984.1 10,270.8 10,895.7 DEBT OUTS. DISB. (DOD) 1,419.1 1,493.0 2,961.4 4,426.5 6,892.8 9,805.0 10,872.6 11,352.0 Official Creditors 409.4 415.8 536.4 498.8 496.7 458.8 429.1 360.1 Multilateral 263.0 296.2 310.7 290.1 278.8 248.8 216.2 180.2 IBRD 221.0 225.5 213.2 196.4 179.1 155.3 133.2 105.9 IDA - - - - - - - - Bilateral 146.4 119.5 225.7 208.6 217.9 209.9 212.9 179.9 Private Cred4tors 1,009.7 1,077.2 2,425.0 3,927.7 6,396.1 9,346.3 10,443.6 10,991.9 Suppliers 303.8 390.9 144.7 96.8 112.5 85.3 139.4 137.1 Financial Markets 705.8 572.4 1,271.3 3,208.9 5,812.0 8,878.1 10,228.6 10,825.7 COMMrTMENTS 583.7 125.1 1,163.9 2,121.4 2,760.4 3,813.5 2,708.8 2,000.0 Official Creditors 115.2 30.6 30.9 62.6 - - 45.0 - Multilateral 28.4 22.0 - - - - - - IBRD 28.0 22.0 - - - - - IDA - - - - - - - - Bilateral 86.8 8.6 30.9 62.6 - - 45.0 - Private Creditors 468.5 94.5 1,133.0 2,058.8 2,760.4 3,813.5 2,663.8 2,000.0 Suppliers 169.9 0.3 80.0 38.5 165.9 - - - Financial Markets 298.7 94.2 1,053.0 2,020.3 2,594.5 3,813.5 2,663.8 2,000.0 DISBURSEMENTS 542.7 179.8 1,053.6 2,029.2 2,678.5 3,843.9 2,855.8 2,058.8 Official Creditors 76.2 39.0 48.2 28.3 42.4 18.5 51.4 13.8 Multilateral 31.1 29.1 35.1 16.6 11.8 5.2 2.5 3.1 IBRD 16.2 20.5 10.9 5.1 3.0 1.2 0.5 - IDA - - - - - - - - Bilateral 45.1 9.9 13.1 11.8 30.6 13.4 4S.9 10.7 Private Creditors 466.5 140.8 1,005.4 2,000.9 2,636.1 3,825.3 2,804.4 2,045.0 Suppliers 166.3 49.2 5.4 0.6 61.6 9.5 75.7 78.8 Financial Markets 300.1 91.6 1,000.0 2,000.3 2,574.5 3,815.8 2,728.7 1,966.3 PRINCIPAL REPAYMENTS 148.7 383.7 285.0 604.6 356.3 889.8 1,735.1 1,352.3 Official Creditors 29.0 41.1 83.3 85.7 70.0 64.0 65.4 68.7 Multilateral 15.3 22.1 26.5 41.5 29.2 35.7 32.8 37.0 IBRD 11.0 17.4 19.1 21.9 20.2 24.9 22.6 27.3 IDA - - - - - - - - Bilateral 13.8 18.9 56.8 44.3 40.8 28.2 32.6 31.7 Private Creditors 119.6 342.6 201.7 518.8 286.3 825.8 1,669.7 1,283.7 Suppliers 43.3 71.4 72.8 55.2 57.5 31.0 22.6 65.2 Financial Markets 76 3 271.3 117.5 75.3 78.4 705.9 1,340.4 1,208.7 NET FLOWS 394.0 -203.9 768.6 1,424.6 2,322.2 2,954.1 1,120.7 706.5 Official Creditors 47.2 -2.0 -35.1 -57.4 -27.6 -45.4 -14.0 -54.9 Multilateral 15.8 7.0 8.6 -24.9 -17.4 -30.5 -30.3 -33.9 IBRD 5.2 3.1 -8.2 -16.8 -17.3 -23.8 -22.2 -27.3 IDA - - - - - - - - Bilateral 31.4 -9.1 -43.7 -32.5 -10.2 -14.9 16.2 -21.0 Private Creditors 346.8 -201.9 803.7 1,482.0 2,349.8 2,999.5 1,134.7 761.4 Suppliers 123.0 -22.2 -67.4 -54.6 4.1 -21.5 53.1 13.5 Financial Markets 223.8 -179.7 882.5 1,925.0 2,496.1 3,109.9 1,388.3 757.6 INTEREST PAYMENTS(INT) 64.4 122.0 121.6 222.6 393.3 658.7 1,229.2 1,696.2 Official Creditors 21.3 27.0 36.0 37.4 34.6 31.5 31.1 25.5 Multilateral 16.7 21.1 21.9 24.4 23.6 21.3 17.7 13.8 IBRD 13.7 15.2 14.9 15.4 14.8 14.9 12.4 9.3 IDA - - - - - - - - Bilateral 4.5 5.9 14.1 13.0 11.0 10.3 13.4 11.8 Private Creditors 43.1 95.0 85.6 185.2 358.7 627.1 1,198.1 1,670.7 Suppliers 8.2 15.7 5.8 5.2 4.7 5.1 6.6 7.7 Financial Markets 34.9 79.2 29.7 132.7 327.1 565.1 1,166.8 1,660.0 211 VENEZUELA (USS Mi I I icns) 1972 1574 197S 1977 1978 1979 1980 1981 NET TRANSFERS 329.7 -325.9 647.0 1,202.1 1,928.9 2,295.5 -108.5 -989.7 Official Creditors 25.9 -29.0 -71.1 -94.8 -62.2 -76.9 -45.1 -80.4 Multilateral -0.9 -14.1 -13.3 -49.3 -41.0 -51.8 -48.0 -47.6 IBPD -8.5 -12.0 -23.1 -32.2 -32.1 -38.6 -34.6 -36.5 IDA - - - - - Bilateral 26.8 -14.9 -57.8 -45.5 -21.2 -25.1 2.9 -32.8 Private Creditors 303.8 -296.8 718.1 1,296.9 1,991.1 2,372.4 -63.4 -909.3 Suppliers 114.8 -37.9 -73.2 -59.8 -0.6 -26.6 46.5 5.8 Financial Markets 188.9 -258.9 852.8 1,792.2 2,169.0 2,544.8 221.5 -902.5 TOTAL DEBT SERVICE(TDS) 213.1 505.7 406.5 827.1 749.6 1,548.4 2,964.3 3,048.5 Official Creditors 50.3 68.0 119.3 123.1 104.6 95.5 96.5 94.2 Multilateral 32.0 43.2 48.4 65.9 52.8 57.0 50.5 50.7 IBRD 24.7 32.5 34.0 37.3 35.1 39.8 35.1 36.5 IDA - - - - - Bilateral 18.3 24.8 70.9 57.3 51.8 38.5 46.0 43.5 Private Creditors 162.7 437.6 287.3 704.0 645.1 1,452.9 2,867.8 2,954.3 Suppliers 51.5 87.1 78.5 60.4 62.3 36.1 29.2 72.9 Financial Markets 111.2 350.5 147.2 208.1 405.5 1,271.0 2,507.2 2,868.8 AVERAGE TERMS: PUBLIC DEBT NEW COMMITMENTS ALL CREDITORS Interest (%) 6.7 9.8 7.1 7.3 7.9 13.4 12.5 18.3 Maturity (years) 9.9 6.5 7.3 7.4 9.8 7.3 7.3 6.5 Grace Period (years) 2.9 1.9 2.2 3.4 4.0 2.1 3.3 2.0 Grant Element (%) 13.4 1.6 9.4 9.8 9.4 -13.3 -10.0 -28.4 OFFICIAL CREDITORS Interest (%) 6.8 6.9 9.0 8.4 - - 8.3 - Maturity (years) 12.4 11.5 10.3 12.0 - - 10.6 Grace Period (years) 5.2 3.0 2.8 3.8 - - 2.6 - Grant Element (%) 16.4 12.9 3.5 7.5 - - 7.0 - PRIVATE CREDITORS Interest (%) 6.7 10.7 7.1 7.2 7.9 13.4 12.5 18.3 Maturity years) 9.3 4.9 7.2 7.3 9.8 7.3 7.2 6.5 Grace Period (years) 2.A 1.5 2.2 3.4 4.0 2.1 3.3 2.0 Grant Element (%) 12.7 -2.1 9.6 9.8 9.4 -13.3 -10.3 -28.4 MAJOR ECONOMIC AGGREGATES (U.S. $ MILLIONS) Gross Nat. Product (GNP) 13.559 25,619 31,585 36,231 39,678 48,857 60,441 67,047 Exports of G. & S. (XGS 3.418 11,971 10.376 10.947 10.855 16.305 22.231 24.484 Imports of G. & S. (MGS 3,514 6,148 10,059 14,074 16,554 15,936 17,482 20,440 Intl. Reserves (RES) 2.032 8,119 9,631 9,602 8,609 13,188 13,360 12,719 PRINCIPAL RATIOS DOD/XGS (% 41.5 12.5 28.5 40.4 63.5 60.1 48.9 46.4 DOD/GNP (% 10.5 5.8 9.4 12.2 17.4 20.1 18.0 16.9 TDS/XGS (% 6.2 4.2 3.9 7.6 6.9 9.5 13.3 12.5 TDS/GNP (% 1.6 2.0 1.3 2.3 1.9 3.2 4.9 4.5 INT/XGS (% 1.9 1.0 1.2 2.0 3.6 4.0 5.5 6.9 INT/GNP % 0.5 0.5 0.4 0.6 1.0 1.3 2.0 2.5 RES/DOD % 143.2 543.8 325.2 216.9 124.9 134.5 122.9 112.0 RES/MGS (months) 6.9 15.8 11.5 8.2 6.2 9.9 9.2 7.5 MEMORANDA Proportion of Disbursed Debt Concessional Loans (%) 7.0 6.4 2.9 1.9 0.9 0.6 0.5 0.4 Var. Int. Rate Loans (%4 19.8 20.7 39.0 60.2 61.6 75.1 77.8 81.3 Use of IMF Credit(US$ mil) - - - - - - - - 1982 1983 1984 1985 1986 1987 1988 1989 PROJECTED PUBLIC DEBT SERVICE TOTAL DEBT SERVICE 2,834.1 3,118.7 3,118.4 2,521.3 2,283.3 1,961.0 854.0 433.2 Principal 1,271.9 1,738.7 2,001.3 1,674.9 1,680.1 1,597.1 688.1 336.8 Interest 1,562.2 1,380.1 1,117.1 846.4 603.2 363.9 165.9 96.4 OFFICIAL CREDITORS 86.1 82.4 77.8 51.0 44.6 31.9 28.5 21.5 Principal 62.4 62.6 62.2 39.4 35.7 25.3 23.7 18.3 Interest 23.7 19.8 15.6 11.6 8.9 6.6 4.9 3.2 PRIVATE CREDITORS 2,748.1 3,036.3 3,040.6 2,470.3 2,238.7 1,929.0 825.4 411.7 Principal 1,209.5 1,676.1 1,939.1 1,635.5 1,644.5 1,571.7 664.4 318.4 Interest 1.538.6 1,360.3 1,101.5 834.8 594.2 357.3 161.0 93.2 212 NORTH AFRICA AND THE MIDDLE EAST (USS Mill ions) 1972 1974 1976 1977 1978 1979 1980 1981 TOTAL DEBT OUTSTANDING DISBURSED ONLY TOTAL DEBT 5,692.2 9.608.8 17,561.7 25,874.6 34,605.4 40,512.8 44,049.4 46,032.5 Public / Publicly Guar. 5,672.2 9,568.8 17,386.7 25,599.6 34,290.4 40,342.8 43,719,4 45,632.5 Private Non-guaranteed 20.0 40.0 175.0 275.0 315.0 270.0 330.0 400.0 PUBLIC / PUBLICLY GUARANTEED DEBT DEBT OUTS. INC. UNDISB. 8,689.9 16,550.0 31,831.7 43.034.2 54,461.9 62,957.4 66,002.7 64,796.1 Official Creditors 5,861.3 10.316.4 18,505.4 25,393.9 30,451.1 34,988.3 38,853.8 39,026.2 Multilateral 633.2 1.631.7 3,070.9 6,085.4 7,075.2 8,706.E 10,008.6 10.781.3 I8RD 414.0 1,039.9 1,842.1 2,680.8 3,204.9 4,027.1 4,735.5 5,089.6 TDA 208.9 443.0 660.3 727.0 917.9 1,066.6 1,378.9 1,560.9 Bilateral 5,228.1 8,684.6 15,434.5 19,308.5 23,375.9 26,281.8 28,845.3 28,244.9 Private Creditors 2,828.6 6,233.7 13.326.3 17,640.3 24,010.9 27,969.1 27,148.8 25,769.8 Suppliers 1,933.7 3,074.6 5,563.7 6,628.4 7,288.8 7,364.1 7,326.8 7,493.7 Financial Markets 884.8 3,150.6 7,757.1 11t007.2 16,717.7 20,601.4 19,819.8 18,275.0 DEBT OUTS. DISB. (DOD) 5,672.2 9,568.8 17,386.7 25,599.6 34,290.4 40,342.8 43,719.4 45,632.5 Official Creditors 3,678.9 5,716.8 9,958.2 14,195.4 17,704.3 20,575.4 23,624.2 26,376.5 Mjltilateral 244.4 425.0 1,035.3 2,720.3 3,884.6 4,660.3 5,327.7 5,995.7 IBRD 173.8 259.7 592.9 817.4 1,029.9 1,408.5 1,759.8 2,077.0 IDA 65.3 143.2 323.0 409.7 499.5 589.3 670.5 790.1 Bildteral 3,434.4 5,291.8 8,922.9 11,475.0 13,819.8 15,915.1 18,296.5 20,380.9 Private Creditors 1,993.3 3,852.1 7,428 5 11,404.2 16,586.0 19.767.3 20,095.2 19,256.0 Suppliers 1,279.2 1,875.4 2,838.8 3,786.8 4,803.6 5,620.5 5,450.2 5,076.1 Financia1 Markets 702.9 1,968.2 4,584.2 7,612.7 11,778.1 14,143.4 14,642.7 14,178.7 COMMITMENTS 1,860.5 5,085.2 8,568.2 11,719.5 11,811.2 11,908.0 9,719.1 8,446.2 Official Creditors 930.2 2,965.7 4,332.7 6,804.0 4,778.8 5,300.5 5,417.9 3,370.9 Multilateral 204.9 762.7 904.0 3,025.0 991.0 1,700.8 1,533.9 1,293.2 IBRD 123.0 544.1 598.0 867.0 566.0 877.0 805.0 632.2 IDA 77.6 86.5 90.3 70.0 192.4 156.5 316.1 197.3 Bilateral 725.3 2,203.1 3,428.8 3,779.0 3,787.7 3,599.7 3,884.1 2,077.7 Private Creditors 730.2 2,119.4 4,235.4 4,915.4 7,032.5 6.607.5 4,301.2 5,075.2 Suppliers 301.7 1,129.4 1,423.2 1,745.1 1,415.0 1,428.9 2,165.4 3,206.7 Financial Markets 428.5 990.1 2,812.3 3,170.3 5,617.5 5,178.6 2,135.8 1,868.5 DISBURSEMENTS 1,187.2 2,535.3 5,204.0 9,340.5 9,966.0 9,376.6 9,180.1 10,033.9 Official Creditors 468.8 1,246.9 2,150.8 4,405.8 3,628.6 3,602.2 4,414.4 5,187.1 Multilateral 53.2 132.3 349.5 1,709.5 1,184.5 847.4 811.9 923.8 IBRD 35.2 88.8 194.7 251.7 251.0 430.0 421.0 417.5 IDA 15.8 31.5 97.8 90.0 91.3 90.5 82.5 126.5 Bilateral 415.6 1,114.6 1,801.3 2,696.3 2,444.2 2,754.9 3,602.5 4,263.3 Private Creditors 718.4 1,288.4 3,053.2 4,934.6 6,337.3 5,774.3 4,765.7 4,846.9 Suppliers 377.9 695.7 1,369.9 1,774.2 1,918.8 2,138.0 1,886.8 2,331.7 Financial Markets 340.6 592.7 1,683.3 3,160.5 4,418.5 3,636.4 2,879.0 2,515.2 PRINCIPAL REPAYMENTS 635.2 1,190.6 1,285.9 1,776.9 2,477.1 3,423.9 4,944.7 5,475.2 Official Creditors 325.9 410.3 335.9 473.1 584.4 808.8 1,047.2 1,593.7 Multilateral 18.0 31.5 26.0 31.5 42.0 74.3 133.1 179.8 IBRD 17.9 31.1 25.0 27.2 38.4 51.3 69.8 100.4 IDA 0.0 0.3 0.4 3.3 1.6 0.8 1.3 6.2 Bilateral 307.9 378.8 310.0 441.6 542.3 734.6 914.1 1,413.9 Private Creditors 309.2 780.3 950.0 1,303.8 1,892.8 2,615.1 3,897.5 3,881.5 Suppliers 173.1 420.9 845.4 1,035.7 1,233.5 1,363.3 1,820.4 1,786.3 Financial Markets 131.6 358.5 103.7 267.3 658.4 1,250.8 2,076.2 2,094.5 NET FLOWS 552.0 1,344.7 3,918.1 7,563.6 7,488.8 5,952.7 4,235.4 4,558.8 Official Creditors 142.9 836.6 1,814.9 3,932.7 3,044.3 2,793,4 3,367.2 3,593.3 Multilateral 35.2 100.8 323.6 1,678.0 1,142.4 773.1 678.8 744.0 IBRD 17.3 57.7 169.7 224.5 212.6 378.7 351.3 317.2 IDA 15.8 31.2 97.4 86.7 89.8 89.7 81.2 120.3 Bilateral 107.6 735.8 1,491.3 2,254.7 1,901.9 2,020.3 2,688.4 2,849.4 Private Creditors 409.2 508.1 2,103.3 3,630.9 4,444.5 3,159.3 868.2 965.4 Suppliers 204.8 274.8 524.5 738.5 685.3 774.6 66.4 545.4 Financial Markets 209.0 234.2 1,579.6 2,893.2 3,760.1 2,385.5 802.8 420.7 INTEREST PAYMENTS(INT) 162,8 382.9 598.6 1,004.5 1,430.0 2,132.7 2,688.4 3,057.0 Official Creditors 92.7 138.1 214.3 483.5 617.3 565.0 678.8 946.3 Multilateral 11.7 18.9 44.0 84.6 188.4 144.1 189.4 298.9 IBRD 11.0 17.5 39.3 58.8 85.2 116.4 148.4 159.6 IDA 0.4 1.0 1.9 2.6 3.3 4.0 4.6 5.3 Bilateral 81.0 119.2 170.3 399.0 429.0 420.9 489.4 647.4 Private Creditors 70.1 244.8 384.3 521.0 812.7 1,567.7 2,009.6 2,110.7 Suppliers 43.4 62.6 127.5 143.7 241.6 283.2 354.4 263.2 Financial MarKets 26.2 181.7 256.5 377.0 570.9 1,284.4 1,655.1 1,847.4 213 NORTH AFRICA AND THE MIDDLE EAST' (US$ bii I1 ions) 1972 1974 1976 1977 1978 1979 1980 1381 NET TRANSFERS 389.2 9e1.8 3,319.5 6,559.1 6,058.8 3,820.0 1,547.0 1,501.8 Official Creditors 50.1 698.5 1,600.6 3.449.2 2.426.9 2.228.5 2,688.4 2,647.0 Mv.itilateral 23.5 81.9 279.6 1,593.5 954.1 629.0 489.4 445.0 IBRD 6.3 40.1 130.4 165.7 127.4 262.3 202.9' 157.6 IDA 15.4 30.2 95.5 84.1 86.5 85.8 76.7 115.0 Bilateral 26.6 616.6 1,321.0 1,855.7 1,472.9 1,599.4 2,199.0 2,202.0 Private Creditors 339.1 263.3 1,7<9.0 3,109.9 3,631.9 1,591.6 -1,141.4 -1,145.3 Suppliers 16i.4 212.2 397.0 594.8 443.7 491.5 -288.0 282.2 Financial Markets 182.8 52.5 1,323.1 2,516.2 3,189.2 1,101.2 -852.3 -1,426.7 TOTAL DEBT SERVICE(TDS) 798.0 1,573.5 1,884.5 2,781.4 3,907.2 5,556.5 7,633.1 8,532.2 Official Creditors 418.7 548.4 550.2 956.6 1,201.7 1,373.8 1,726.0 2,540.0 Multilateral 29.7 50.4 69.9 116.1 230.4 218.3 322.5 478.7 IBRD 28.9 48.6 64.3 86.0 123.6 167.7 218 1 260.0 IDA 0.5 1.3 2.3 5.9 4.8 4.7 5.9 11.5 Bilateral 389.0 498.0 480.3 840.6 971.3 1,155.5 1,403.5 2,061.3 Private Creditors 379.3 1,025.1 1,334.3 1.824.7 2,705.5 4,182.8 5,907.1 5.992.1 Suppliers 216.5 483.5 972.8 1,179.4 1,475.1 1,646.5 2,174.7 2.049.5 Financial Markets 157.7 540.2 360.2 644.3 1.229.3 2,535.2 3,731.3 3,941.9 AVERAGE TERMS: PUBLIC DEBT NEW COMMITMENTS ALL CREDITORS Interest (%) 5.0 5.9 6.2 6.2 7.0 7.9 6.9 8.2 Maturity years) 18.0 17.9 '6.7 15.1 14.9 15.8 17.0 12.9 Grace Period (years) 4.2 6.2 4.8 4.8 4.4 4.3 4.0 3.8 Grant Element (%) 31.1 26.2 23.4 22.5 18.8 13.8 20.1 10.8 OFFICIAL CREDITORS Interest (%) 3.3 4.3 4.3 4.9 3.8 4.8 4.8 4.7 Maturity (years) 24.8 22.7 22.7 19.0 22.5 21.4 21.3 18.1 Grace Period (years) 5.5 8.7 6.6 6.2 6.2 5.7 5.6 5.6 Grant Element (%) 46.9 39.2 39.3 32.7 42.7 34.7 35.0 32.4 PRIVATE CREDITORS Interest (%) 7.2 8.1 8.2 7.8 9.2 10.4 9.4 10.5 Maturity (years) 9.0 11.2 10.6 9.6 9.8 11.3 11.6 9.4 Grace Period (years) 2.4 2.8 3.0 2.8 3.2 3.3 2.1 2.5 Grant Element (%) 10.0 8.0 7.1 8.3 2.6 -2.9 1.3 -3.6 MAJOR ECONOMIC AGGREGATES (U.S. S MILLIONS) Gross Nat. Product (GNP) 28,145 44,492 56,733 64,875 76,847 92,782 116,410 122,827 Exports of G. & S. XGS) 5,213 14,953 18,432 21,163 23,658 31,904 42,959 Imports of G. & S. (MGS) 6,106 16.038 24,155 29.117 32.676 40.030 48,428 Intl. Reserves (RES) 2,926 8,659 8.642 10,672 13,168 20.075 23.197 18,515 PRINCIPAL RATIOS DOD/XGS % 108.8 64.0 94.3 121.0 144.9 126.5 101.8 DOD/GNP % 20.2 21.5 30.6 39.5 44.6 43.5 37.6 37.2 TDS/XGS % 15.3 10.5 10.2 13.1 16.5 17.4 17.8 TDS/GNP %) 2.8 3.5 3.3 4.3 5.1 6.0 6.6 6.9 INT/XGS % 3.1 2.6 3.2 4.7 6.0 6.7 6.3 INT/GNP % 0.6 0.9 1.1 1.5 1.9 2.3 2.3 2.5 RES/DOD %) 51.6 90.5 49.7 41.7 38.4 49.8 53.1 40.6 RES/MGS mnonths) 5.8 6.5 4.3 4.4 4.8 6.0 5.7 MEMORANDA Proportion of Disbursed Debt Concessional Loans (%) 52.8 50.7 48.6 46.0 42.4 40.7 42.6 45.6 Var. Int. Rate Loans (%) 2.7 13.1 15.1 17.8 18.7 18.9 17.9 16.4 Use of IMF Credit(US$ mil) 56.0 131.8 383.6 523.8 684.4 580.0 506.6 553.9 1982 1983 1984 1985 1986 1987 1988 1989 PROJECTED PUBLIC DEBT SERVICE TOTAL DEBT SERVICE 8,994.0 9,205.0 9,239.5 8,638.7 8,084.1 6,687.1 5,539.4 4,692.4 Principal 5,817.5 5,936.0 6,351.3 6,136.4 5,956.9 4,911.7 4,081.5 3,506.4 Interest 3,176.5 3,268.9 2,888.3 2,502.2 2,127.2 1,775.3 1,457.9 1,186.0 OFFICIAL CREDITORS 2,980.4 3,429.5 3,787.4 3,814.4 4,254.9 3,812.9 3,120.9 2,985.5 Principal 1,900.2 2,115.9 2.552.8 2,624.4 3,128.3 2,774.9 2,184.8 2,136.3 Interest 1,080.2 1,313.6 1,224.6 1,190.1 1,126.6 1,038.0 936.1 849.2 PRIVATE CREDITORS 6,013.5 5,775.5 5,452.2 4,824.2 3,829.2 2,874.1 2,418.5 1,706.9 Principal 3,917.3 3,820.2 3,798.5 3,512.1 2,828.6 2,136.8 1,896.7 1,370.1 Interest 2,096.3 1,955.3 1,653.7 1,312.2 1,000.6 737.3 521.8 336.8 214 NORTH AFRICA AND THE MIDDLE EAST' (Us$ Millions) 1972 1974 1976 1977 1978 1979 1980 1981 PRIVATE NON-GUARANTEED DEBT DEBT OUTS.DISB. ONLY 20.0 40.0 175.0 275.0 315.0 270.0 330.0 400.0 Official Sources .. . . .. . . .. Private Sources .. .. .. .. .. .. Foreign Parent Comp. .. .. . . .. .. .. . Financial Institutions .. .. .. . .. Suppliers .. .. .. .. .. . . DISBURSEMENTS 8.8 17.5 133.8 143.8 108 8 33.8 127.5 152.5 Official Sources .. .. .. .. .. .. Private Sources .. . .. .. .. .. . Foreign Parent Comp. .. .. .. .. .. .. . Financial Institutions .. .. .. .. .. Suppliers PRINCIPAL REPAYMENTS 3.8 7.5 13.8 43.8 68.8 78.8 67.5 82.5 Official Sources .. .. .. .. .. .. Private Sources .. .. .. .. .. .. . Foreign Parent Comp. .. .. .. .. .. .. Financial Institutions .. .. .. .. .. .. . Suppliers .. .. .. .. .. . . NET FLOWS 5.0 10.0 120.0 100.0 40.0 -45.0 S0.0 70.0 Official Sources .. .. .. . . .. . Private Sources .. .. .. . .. .. Foreign Parent Comp. .. .. .. .. .. .. Financial Institutions .. .. .. .. .. Suppliers .. .. .. .. .. .. . INTEREST PAYMENTS 1.0 2.4 3.8 16.0 22.5 24.0 25.5 32.5 Official Sources .. .. .. .. .. .. Private Sources .. . .. .. .. .. . Fo-eign Parent Comp. .. .. .. .. .. .. Financial Institutions . .. . Suppliers .. .. .. .. .. .. . NET TRANSFERS 4.0 7.6 116.2 84.0 17.5 -69.0 34.5 37.5 Official Sources .. .. .. .. .. .. Private Sources .. .. .. .. .. .. . Foreign Parent Comp. .. .. .. .. .. .. . Financial Institutions .. .. .. .. .. .. . Suppliers .. .. .. .. .. .. . TOTAL DEBT SERVICE 4.8 9.9 17.6 59.8 91.3 102.8 93.0 115.0 Official Sources ,. .. .. .. .. .. Private Sources .. .. .. .. .. .. . Foreign Parent Comp. . .. .. .. .. .. . . Financial Institutions .. .. .. .. .. Suppliers .. .. .. .. .. .. 1982 1983 1984 1985 1986 1987 1988 19&9 PROJECTED NON-GUARANTEED DEBT SERVICE TOTAL DEBT SERVICE 131.2 103.2 77.0 52.4 45.0 38.0 31.4 26.2 Principal 100.0 80.0 60.0 40.0 36.0 32.0 28.0 24.0 Interest 31.2 23.2 17.0 12.4 9.0 6.0 3.4 2.2 215 NORTH AFRICA AND THE MIDDLE EAST' (USs Millions) 1972 1974 1976 1977 1978 1979 1980 1981 PUBLIC AND PRIVATE DEBT DEBT OUTS.DISB. ONLY 5,692.2 9,608.8 17,S51.7 25,874.f 34,605.4 40,612.8 44,049.4 46,032.5 DISBURSEMENTS 1,196.0 2,552.8 5,337.8 9,484.3 10,074.8 9,410.4 9,307.6 10,186.4 PRINCIPAL REPAYMENTS 639.0 1,198.1 1,299.7 1,820.7 2,545.9 3,502.7 5,012.2 5,S57.7 NET FLOWS 557.0 1,354.7 4,038.1 7,663.6 7,528.E 5,907.7 4,295.4 4,628.8 INTEREST PAYMENTS 163.8 385.3 602.4 1,020.5 1,452.5 2,156.7 2.713.9 3,089.5 NET TRANSFERS 393.2 969.4 3,435.7 6,643.1 B,076.3 3,751.0 1,581.5 1,539.3 TOTAL DEBT SERVICE 802.8 1,583.4 1,902.1 2,841.2 3,998.5 5,659.3 7,726.1 8,847.2 1982 1983 1984 1985 1986 1987 1988 1989 PROJECTED PUBLIC AND PRIVATE DEBT SERVICE TOTAL DEBT SERVICE 9,125.2 9,308.2 9,316.5 8,691.1 8,129.1 6,725.1 5,570.8 4,718.6 PRINCIPAL 5,917.5 6,016.0 6,411.3 6,176.4 5,992.9 4,943.7 4,109.5 3,530.4 INTEREST 3,207.7 3,292.1 2,905.3 2,514.6 2,136.2 1,781.3 1.461.3 1,188.2 216 ALGER IA (Us$ Mi i?lions) 1972 1974 1976 1977 1978 1979 1980 1981 TOTAL DEBT OUTSTANDING DISBURSED ONLY TOTAL DEBT .. .. .. .. .. Public / Publicly Guar. 1,488.0 3,304.7 5,846.1 8,316.3 12,659.7 14,918.2 15,078.1 14,392.3 Private Non-guaranteed . . . .. .. . PUBLIC / PUBLICLY GUARANTEED DEBT DEBT OUTS. INC. UNDISB. 2,697.4 6,002.1 11,975.9 14,967.6 20,057.0 23,842.3 23,187.9 21,685.8 Official Creditors 1,201.9 1,937.9 2,400.2 3,169.7 3,585.7 4,472.4 5,163.5 4,803.9 Multilateral 13.7 190.2 384.0 554.2 720.0 923.0 1,094.3 1,028.1 IBRD 10.4 186.5 380.5 550.5 716.1 894.2 1,066.8 953.3 IDA - - - - - - - - Bilateral 1,188.2 1,747.7 2,016.2 2,615.5 2,865.7 3,549.4 4,069.2 3,775.9 Private Creditors 1,495.6 4,064.2 9,575.7 11,797.9 16,471.3 19,369.9 18,024.4 16,881.9 Suppliers 1,088.7 1,869.9 4,097.5 4,938.6 5,646.0 5,334.7 5,025.3 5,215.5 Financial Markets 406.8 2,194.3 5,478.2 6,859.3 10,825.3 14,035.2 12,999.1 11,666.4 DEBT OUTS. DIS0 . (DOD) 1,488.0 3,304.7 5,846.1 8,316.3 12,659.7 14,918.2 15,078.1 14,392.3 Official Creditors 584.2 1,002.0 1,161.8 1,420.0 1,652.6 2,122.4 2,478.7 2,546.0 Multilateral 10.4 10.1 88.5 141.3 191.1 245.0 253.8 286.8 IBRD 10.4 6.4 85.0 137.6 187.2 227.0 252.5 274.9 IDA - - - - - - - - Bilateral 573.8 991.8 1,073.3 1,278.7 1,461.5 1,877.3 2,224.9 2,259.1 Private Creditors 903.9 2,302.7 4,684.3 6,896.2 11,007.0 12,795.8 12,599.4 11.846.4 Suppliers 603.0 1,012.3 1.659.4 2,430.1 3,458.9 3,858.7 3,537.9 2,955.6 Financial Markets 300.9 1,290.3 3,024.9 4,466.1 7,548.1 8,937.i 9,061.4 8,890.7 COMMITMENTS 582.4 1,452.4 3,158.5 3,047.7 4,877.6 5,385.0 2,680.8 2,600.0 Official Creditors 158.3 326.2 394.4 778.4 345.9 1,097.0 881.6 260.0 Multilateral 3.3 157.5 150.5 170.0 172.0 214.2 237.8 52.0 IBRD - 157.5 150.5 170.0 172.0 188.0 210.0 - IDA - - - - - - - - Bilateral 155.0 168.7 243.9 608.4 173.9 882.9 643.8 208.0 Private Creditors 424.2 1,126.2 2,764.1 2,269.4 4,531.7 4.288.0 1,799.2 2,340.0 Suppliers 121.1 "66.3 989.7 1,002.8 792.7 322.7 929.2 1,560.0 Financial Markets 303.1 459.9 1,774.4 1,266.6 3,739.1 3,965.3 870.0 780.0 DISBURSEMENTS 385.2 790.3 1,928.6 2,861.0 4,640.5 3,813.4 3,041.8 2,781.2 Official Crecitors 38.6 266.8 180.0 321.9 280.4 579.9 574.0 484.7 Multilateral - 2.0 50.0 52.7 53.4 62.6 49.7 52.9 IBRD - 2.0 50.0 52.7 53.4 A7.2 38.9 41.9 IDA - - - - - - - - Bilateral 38.6 264.8 130.0 269.2 227.0 517.3 524.3 431.7 Private Creditors 346.6 523.5 1,748.6 2,539.1 4,360.1 3,233.5 2,467,8 2,296.5 Suppliers 143.7 294.0 755.4 1,037.0 1,250.8 1,002.8 772.4 664.0 Financial Markets 202.9 229.5 993.2 1,502.1 3,109.3 2,230.6 1,695,4 1,632.5 PRINCIPAL REPAYMENTS 138.2 491.4 433.'O 639.7 893.1 1,537.2 2,404.7 2,399.0 Official Creditors 43.5 81.9 64.8 98.1 93.7 117.7 198.2 294.8 Multilateral 2.8 3.1 1.3 0.0 3.9 8.7 40.9 19.6 IBRD 2.8 3.0 1.3 - 3.9 7.4 13.4 19.5 IDA - - - - - - - - Bilateral 40.7 78.9 63.5 98.0 89.9 109.0 157.3 275.1 Private Creditors 94.7 409.5 368.2 541.6 799.3 1,419.5 2,206.6 2,104.2 Suppliers 71.4 141.9 344.2 391.2 492.4 638.3 880.0 868.7 Financial Markets 23.3 267.6 24.0 150.4 306.9 781.1 1.326.5 1,235.5 NET FLOWS 247.0 298.8 1,495.6 2,221.3 3,747.5 2,276.2 637.1 382.2 Official Creditors -4.9 184.8 115.2 223.8 186.7 462.2 375.8 189.9 Multilateral -2.8 -1.1 48.7 52.6 49.6 53.9 8.8 33.3 IBRO -2.8 -1.1 48.7 52.7 49.6 39.8 25.5 22.4 IDA - - - - - - - Bilateral -2.1 185.9 66.5 171.2 137.1 408.3 367.0 156.6 Private Creditors 251.9 114.0 1,380.4 1,997.5 3,560.8 1,814.0 261.2 192.3 Suppliers 72.3 152.1 411.2 645.8 758.3 364.5 -107.6 -204.7 Financial Markets 179.6 -38.1 969.2 1,351.7 2,802.4 1,449.5 368.9 397.0 INTEREST PAYMENTS(INT) 50.9 218.5 340.5 388.2 558.5 1,153.4 1,305.7 1,480.7 Official Creditors 11.1 20.7 40.7 49.3 57.8 77.6 104.1 154.7 Multilateral 0.7 0.7 5.4 9.8 16.3 22.6 27.5 25.9 IBRD 0.7 0.7 5.3 9.6 16.2 22.3 25.4 25.3 IDA - - - - - - - - Bilateral 10.4 20.1 35.2 39.5 41.5 55.0 76.6 122.8 Private Creditors 39.8 197.8 299.8 338.9 500.6 1,075.8 1,201.6 1,326.0 Suppliers 29.9 43.9 104.0 112.4 201.3 236.7 294.2 226.3 Financial Markets 9.9 153.8 195.8 226.5 299.3 839.1 907.3 1,099.7 ALGERIA 1 US$ Aiii lior)ns 1972 1974 1976 1977 1978 1979 1980 1981 NET TRANSFERS 196.1 80.3 1,155.1 1,833.1 3,189.0 1,122.9 -668.6 -1,098.5 Official Creditors -16.0 164.1 74.5 174.5 128.8 384.7 271.7 35.2 Multilateral -3.5 -1.8 43.3 42.9 33.3 31.3 t8.7 7.4 IBRD -3.5 -1.7 43.4 43.0 33.4 17.5 0.1 -2.9 IDA - - - - - - - - Bilateral -12.5 165.9 31.2 131.6 95.6 353.3 290.4 27.8 Private Creditors 212.1 -83.8 1,080.6 1,658.6 3,060.2 738.2 -940.3 -1,133.7 Suppliers 42.4 108.2 307.1 533.4 557.1 127.8 -401.5 -431.0 Financial Markets 169.7 -192.0 773.5 1,125.2 2,503.1 610.4 -538.5 -702.7 TOTAL DEBT SERVICE(TDS) 189.1 709.9 773.5 1,027.8 1,451.5 2,690.5 3,710.4 3,879.7 Official Creditors 54.6 102.7 105.5 147.4 151.6 195.3 302.3 449.5 Multilateral 3.5 3.7 6.7 9.8 20.2 31.3 68.4 45.5 IBRD 3.5 3.7 6.5 9.6 20.0 29.7 38.8 44.9 IDA - - - - - - - - Bilateral 51.1 98.9 98.8 137.6 131.4 164.0 233.9 403.9 Private Creditors 134.5 607.3 668.0 880.5 1,299.9 2,495.2 3,408.1 3,430.2 Suppliers 101.3 185.8 448.3 503.6 693.7 875.0 1,174.3 1,095.0 Financial Markets 33.2 421.5 219.7 376.9 606.2 1,620.2 2,233.9 2,335.2 AVERAGE TERMS: PUBLIC DEBT NEW COMMITMENTS ALL CREDITORS Interest (%) 6.2 6.7 8.1 7.9 8.9 10.1 8.3 9.e Maturity (years) 9.6 13.1 10.8 9.8 9.1 10.5 10.5 13.4 Grace Period (years) 3.1 3.7 3.4 3.5 3.5 4.0 3.1 3.S Grant Element (%) 16.5 16.8 S.0 8.5 4.0 -0.9 5.9 -0.5 OFFICIAL CREDITORS Interest %) 4.2 5.7 8.4 8.1 7.5 7.8 8.1 8.2 Maturity years) 15.1 19.3 11.6 13.2 13.8 13.7 14.2 19.5 Grace Period (years) 3.6 5.2 3.0 4.1 3.7 4.7 4.3 6.0 Grant Element (%) 32.0 27.1 6.7 9.0 12.2 11.3 9.3 10.7 PRIVATE CREDITORS Interest (%) 7.0 6.9 8.0 7.8 9.0 10.7 8.5 10.0 Maturitg (years) 7.6 11.3 10.6 8.7 8.7 9.7 8.7 12.7 Grace Period (years) 3.0 3.2 3.4 3.2 3.4 3.9 2.6 3.5 Grant Element (%) 10.8 13.9 8.2 8.4 3.3 -4.1 4.3 -1.7 MAJOR ECONOMIC AGGREGATES (U.S. $ MILLIONS) Gross Nat. Product (GNP) 7,012 12,825 16,447 19,594 25,085 30,490 38,921 40,538 Exports of G. & S. (XGS) 1,622 5,621 5,970 6.733 7,128 10,525 14,906 Imports of G. & S. (MGS) 1,784 5,062 6.891 9.073 10.701 12,191 14.718 Intl. Reserves (RES) 640 2,475 2,502 2.591 3,230 5.517 7.064 5,915 PRINCIPAL RATIOS DOD/XGS (%) 91.7 58.8 97.9 123.5 177.6 141.7 101.2 DOD/GNP (% 21.2 25.8 35.5 42.4 50.5 48.9 38.7 35.5 TDS/XGS % 11.7 12.6 13.0 15.3 20.4 25.6 24.9 TDS/GNP %) 2.7 5.5 4.7 5.2 5.8 8.8 9.5 9.6 INT/XGS %) 3.1 3.9 5.7 5.8 7.8 11.0 8.8 INT/GNP %) 0.7 1.7 2.1 2.0 2.2 3.8 3.4 3.7 RES/DOD % 43.0 74.9 42.8 31.2 25.5 37.0 46.8 41.1 RES/MGS months) 4.3 5.9 4.4 3.4 3.6 5.4 5.8 MEMORANDA Proportion of Disbursed Debt Concessional Loans (%) 34.5 26.6 14.9 11.9 8.3 7.6 7.1 6.9 Var. Int. Rate Loans (%) 10.4 32.9 31.6 27.8 28.0 28.0 27.1 27.5 Use of IMF Credit(US$ mil - - - - - - - - 1982 1983 1984 1985 1986 1987 1988 1989 PROJECTED PUBLIC DEBT SERVICE TOTAL DEBT SERVICE 4,174.4 4,279.3 4,190.8 3,918.5 3,078.5 2,506.1 2,178.2 1,789.8 Principal 2,624.6 2,758.4 2,850.1 2,808.4 2,192.9 1,810.6 1,641.1 1,395.0 Interest 1,549.9 1,521.0 1.340.7 1,110.2 883.6 695.5 537.1 394.8 OFFICIAL CREDITORS 515.5 515.4 630.7 687.3 657.6 621.6 572.1 540.5 Principal 326.0 292.6 399.0 466.2 455.5 443.0 416.7 409.1 Interest 189.5 222.9 231.8 221.1 202.1 178.6 155.4 131.4 PRIVATE CREDITORS 3,658.9 3,763.9 3,560.1 3,231.2 2,418.9 1,884.4 1,606.1 1,249.3 Principal 2,298.5 2,465.8 2,451.1 2,342.1 1,737.4 1,367.5 1,224.3 985.8 Interest 1,360.4 1,298.1 1,109.0 889.1 681.5 516.9 381.8 263.4 218 EGYPT 'USS MiV lions) 1972 1974 1976 1977 1978 1979 1980 1981 TOTAL DEBT OUTSTANDING DiSBURSED ONLY TOTAL DEBT .. .. .. . Public / Publicly Guar. 1,982.4 2,828.9 5,767.0 8,092.4 9,919.7 11,410.9 12,795.4 13,887.4 Private Non-guaranteed . .. .. .. .. . . PUBLIC / PUBLICLY GUARANTEED DEBT DEBT OUTS. INC. UNDISB. 2,680.0 4,431.3 8,780.9 12,607.9 14,310.0 16,129.0 17,810.5 17,234.4 Official Creditors 1,861.9 3,390.4 7,455.7 10,987.6 12,491.5 13,759.4 15,131.2 14,851.1 Multilateral 67.2 299.9 S07.6 3,031.5 3,305.6 3,879.9 4,389.4 4,508.4 IBRD 11.0 85.0 319.0 634.5 674.5 860.0 1,056.7 1,134.1 IDA 56.2 186.3 280.9 334.9 458.9 568.3 820.3 961.1 Bilateral 1,794.7 3,090.5 6,648.1 7,956.0 9,185.9 9,879.5 10,741.7 10,342.8 Private Creditors 818.1 1,040.9 1,325.2 1,620.3 1,818.5 2,369.6 2,679.3 2,483.2 Suppliers 571.6 652.3 830.8 811.3 778.4 1,192.0 1,620.0 1,687.1 Financial Markets 246.3 388.7 494.4 809.1 1,040.1 1,177.5 1,059.3 796.1 DEBT OUTS. DISB. (DOD) 1,982.4 2,828.9 5,767.0 8,092.4 9,919.7 11,410.9 12,795.4 13,887.4 Official Creditors 1,281.6 2,023.8 4,735.1 6,814.6 8,507.0 9,554.0 10,659.0 11,591.0 Multilateral 12.2 35.9 182.6 1,564.9 2,331.0 2,634.0 2,905.3 3.171.0 IBRD 11.0 - 49.7 86.6 143.1 258.4 420.5 539.8 IDA 1.2 35.9 125.9 167.9 212.5 267.4 308.8 395.2 Bilateral 1,269.4 1,988.0 4,552.4 5,249.6 6,176.1 6,919.9 7,753.7 8,420.0 Private Creditors 700.8 805.1 1,032.0 1,277.8 1,412.7 1,856.9 2,136.4 2,296.4 Suppliers 488.2 543.7 698.7 627.3 661.7 1,093.4 1,358.4 1,638.5 Financial Markets 212.5 261.4 333.2 650.6 751.0 763.6 778.0 657.9 COMMITMENTS 487.6 1,715.9 1,935.2 4,262.6 2,217.9 2,687.8 3,060.1 2,380.7 Official Creditors 278.9 1,230.0 1,457.4 3,524.8 1,437.9 1,503.2 1,784.9 780.7 Multilateral 30.2 168.2 288.5 2.217.0 260.1 567.7 557.7 256.5 IBRD - 85.0 157.0 315.5 40.0 188.0 206.0 89.0 IDA 30.2 55.0 40.0 54.0 124.0 109.5 254.4 145.9 Bilateral 248.8 1,061.8 1,168.9 1,307.8 1,177.8 935.5 1,22?7.2 524.1 Private Creditors 188.6 485.9 477.8 737.8 780.0 1,184.4 1,275.2 1,600.0 Suppliers 84.6 234.1 342.4 432.5 550.0 980.0 1,200.0 1,600.0 Financial Markets 104.0 251.8 135.4 305.3 230-0 204.4 75.2 - DISBURSEMENTS 408.4 926.7 1,519.7 2,901.2 2,468.4 2,297..0 2,628.8 3,487.1 Official Creditors 99.4 503.5 925.0 2,169.7 1,720.7 1,247.0 1,441.0 1,782.3 Multilateral 1.0 11.5 78.7 1,380.3 760.4 304.4 299.4 366.7 IBRD - - 36.0 36.9 56.5 117.8 168.5 130.9 IDA 1.0 11.5 41.8 42.1 44.6 55.1 41.8 86.9 Bilateral 98.4 492.1 846.3 789.4 960.3 942.6 1,141.7 1,415.6 Private Creditors 309.0 423.1 594.7 731.5 747.6 1,050.0 1,187.8 1,704.8 Suppliers 208.9 293.1 500.3 415.0 620.0 998.0 1,037.0 1,613.1 Financial Markets 100.1 130.0 94.4 316.5 127.6 52.0 150.8 91.7 PRINCIPAL REPAYMENTS 306.7 446.9 553.6 758.2 826.4 804.4 1,169.8 1,569.5 Official Creditors 183.1 171.9 111.0 202.1 176.9 181.0 287.3 587.4 Multilateral 5.5 5.5 - - 0.3 4.3 20.3 56.6 IBRD 5.5 5.5 - - - 2.5 6.5 11.6 IDA - - - - - 0.1 0.4 0.5 Bilateral 177.6 166.4 111.0 202.1 176.6 176.7 266.9 530.8 Private Creditors 123.6 275.0 442.6 556.1 649.5 623.4 882.5 982.2 Suppliers 55.1 215.1 411.1 543.9 599.5 567.2 771.5 826.8 Financial Markets 64.8 59.9 31.5 12.2 50.1 56.2 111.0 155.4 NET FLOWS 101.7 479.8 966.1 2,142.9 1,641.9 1,492.6 1,459.0 1,917.5 Official Creditors -83.7 331.6 814.0 1,967.5 1,543.8 1,066.0 1,153.8 1,194.9 Multilateral -4.5 6.0 78.7 1,380.3 760.1 300.1 279.0 310.1 IBRD -5.5 -5.5 36.0 36.9 56.5 115.3 162.1 119.3 IDA 1.0 11.5 41.8 42.1 44.6 54.9 41.4 86.4 Bilateral -79.2 325.7 735.2 587.3 783.7 765.9 874.8 884.8 Private Creditors 185.4 148.1 152.1 175.4 98.1 426.6 305.3 722.6 Suppliers 153.8 78.0 89.2 -128.9 20.5 430.9 265.5 786.3 Financial Markets 35.3 70.1 62.9 304.3 77.6 -4.3 39.8 -63.6 INTEREST PAYMENTS(INT) 42.1 69.7 111.2 340.3 386.5 236.0 267.9 495.5 Official Creditors 32.0 52.0 76.9 292.9 314.3 150.0 189.9 399.5 Multilateral 1.0 0.6 4.4 26.4 105.1 27.2 35.4 138.5 IBRD 1.0 0.4 2.8 7.1 13.0 19.0 29.4 36.5 IDA - 0.2 0.8 1.0 1.4 1.8 2.1 2.5 Bilateral 30.9 51.4 72.5 266.5 209.2 122.8 154.5 261.0 Private Creditors 10.1 17.7 34.2 47.4 72.2 86.0 78.1 96.0 Suppliers 3.1 2.0 E.4 4.2 2.8 2.3 0.6 0.0 Financial Markets 7.1 15.7 28.B 43.2 69.5 83.7 77.5 96.0 219 EGYPT (USs h?i I I, o.ls) 1972 1974 1976 1977 1978 1979 1980 1981 NET TRANSFERS 58.6 410.1 854.9 1,802.7 1,255.4 1,256.6 1,191.1 1,422.0 Official Creditors -115.7 279.6 737.1 1,674.6 1,229.6 916.0 963.9 795.4 Multilateral -5.5 5.4 74.3 1,353.9 655.0 272.9 243.6 171.6 IBRD -6.5 -5.9 33.2 29.8 43.5 96.3 132.7 82.8 IDA 1.0 11.2 40.9 41.0 43.2 53.2 39.3 83.9 Bilateral -110.1 274.3 662.7 320.8 574.5 643.1 720.3 623.8 Private Creditors 175.3 130.5 117.9 128.0 25.9 340.6 227.2 626.6 Suppliers 150.7 76.0 83.8 -133.1 17.8 428.6 264.9 786.2 Financial Markets 28.2 54.5 34.1 261.1 8.1 -88.0 -37.8 -159.6 TOTAL DEBT SERVICE(TDS) 348.8 516.6 664.8 1,098.5 1,212.9 1,040.4 1,437.8 2,065.1 Official Creditors 215.1 223.9 187.9 495.0 491.2 331.0 477.1 986.9 Multilateral 6.5 6.1 4.4 26.4 105.3 31.5 55.7 195.i IERD 6.5 5.9 2.8 7.1 13.0 21.4 35.9 48.1 IDA - 0.2 0.8 1.0 1.4 1.9 2.5 3.0 Bilateral 208.5 217.8 183.5 468.7 385.8 299.5 421.4 791.8 Private Creditors 133.7 292.7 476.8 603.5 721.8 709.4 960.6 1,078.2 Suppliers 58.2 217.1 416.5 548.1 602.2 569.4 772.1 826.8 Financial Markets 71.9 75.5 60.3 55.4 119.5 140.0 188.6 251.4 AVERAGE TERMS: PUBLIC DEBT NEW COMMITMENTS ALL CREDITORS Interest (%) 5.0 6.3 5.1 5.0 4.8 6.3 6.0 7.5 Maturity years) 20.3 23.3 25.8 18.9 27.5 24.3 25.3 13.2 Grace Period (years) 2.7 10.2 7.4 5.4 5.5 4.5 4.4 2.6 Grant Element (%) 30.9 30.0 36.0 31.7 40.2 27.7 30.1 15.9 OFFICIAL CREDITORS Interest (%) 2.9 4.2 3.8 4.4 2.3 3.8 3.7 4.4 Maturity (years) 25.5 27.1 28.5 19.8 33.1 28.8 29.8 29.0 Grace Period (years) 3.5 13.4 9.4 6.2 7.8 7.4 7.3 7.0 Grant Element (%) 47.5 45.1 46.9 36.7 60.5 47.8 49.3 44.6 PRIVATE CREDITORS Interest (%) 8.1 11.6 9.2 8.1 9.3 9.4 9.3 9.0 Maturity lyears) 12.6 13.6 17.5 14.8 17.3 18.6 19.1 5.5 Grace Period (years) 1.4 2.0 1.5 1.8 1.4 0.8 0.4 0.5 Grant Element (%) 6.5 -8.3 2.7 7.7 2.7 2.2 3.3 1.9 MAJOR ECONOMIC AGGREGATES (U.S. $ MILLIONS) Gross Nat. Product (GNP) 7.774 9,086 14,050 15,439 16,311 19,299 25,081 29,589 Exports of G. & S. XGS) 1,122 2,380 3,585 4,501 5.385 6,597 9,211 9,117 Imports of G. & S. MGS) 1,592 3,743 5,102 5,801 6.703 8.195 9,746 11.301 Intl. Reserves (RES) 205 706 568 832 1,051 1,795 2,480 1.683 PRINCIPAL RATIOS DOD/XGS % 176.8 118.9 160.9 179.8 184.2 173.0 138.9 152.3 DOD/GNP % 25.5 31.1 41.0 52.4 60.8 59.1 51.0 46.9 TDS/XGS % 31.1 21.7 18.5 24.4 22.5 15.8 15.6 22.7 TDS/GNP %) 4.5 5.7 4.7 7.1 7.4 5.4 5.7 7.0 INT/XGS % 3.8 2.9 3.1 7.6 7.2 3.6 2.9 5.4 INT/GNP % 0.5 0.8 0.8 2.2 2.4 1.2 1.1 1.7 RES/DOD % 10.3 24.9 9.8 10.3 10.6 15.7 19.4 12.1 RES/MGS months) 1.5 2.3 1.3 1.7 1.9 2.6 3.1 1.8 MEMORANDA Proportion of Disbursed Debt Concessional Loans (%) 48.8 60.3 76.8 76.8 76.5 74.6 73.9 74.1 Var. Int. Rate Loans (%) - 4.6 3.2 5.5 5.0 4.5 4.4 3.3 Use of IMF Credit(US$ mil ) 26.5 113.8 206.7 309.6 386.0 324.7 177.3 99.1 1982 1983 1984 1985 1986 1987 1988 1989 PROJECTED PUBLIC DEBT SERVICE TOTAL DEBT SERVICE 1,956.0 1,770.1 1,765.7 1,620.9 1,506.4 1,344.5 1,018.6 902.2 Principal 1,436.0 1,263.0 1,284.9 1,173.2 1,091.4 958.1 668.7 574.9 Interest 520.0 507.1 480.8 447.7 415.0 386.5 349.9 327.2 OFFICIAL CREDITORS 1,203.9 1,241.0 1,293.4 1,273.1 1,194.0 1,198.0 896.3 864.0 Principal 767.0 797.5 857.6 856.2 803.3 830.1 559.9 546.2 Interest 436.9 443.4 435.8 416.8 390.8 367.9 336.5 317.8 PRIVATE CREDITORS 752.1 529.1 472.3 347.9 312.4 146.5 122.2 38.2 Principal 669.0 465.5 427.4 317.0 288.2 128.0 108.8 28.8 Interest 83.1 63.6 45.0 30.9 24.2 18.6 13.4 9.4 220 IRAN (US$ si I I ions) 1972 1974 1976 1977 1978 1979 1980 1981 TOTAL DEBT OUTSTANDING DISBURSED ONLY TOTAL DEBT . .. . .. .. Public / Publicly Guar. 3,466.0 4,079.1 4,298.1 6,169.6 7,366.6 Private Non-guaranteed . .. . . . PUBLIC / PUBLICLY GUARANTEED DEBT DEBT OUTS. INC. UNDISB. 5,956.3 5,995.9 7,015.8 11,557.9 12,422.0 Official Creditors 3,771.1 4,488.1 3,726.0 3,529.6 3,135.8 Multilateral 566.4 935.8 879.8 808.0 746.3 IBRD 566.4 935.8 879.8 808.0 74G.3 IDA - - - - - Bilateral 3,204.7 3,552.3 2,846.2 2,721.6 2,389.5 Private Creditors 2. 185.2 1,507.8 3,289.8 8,028.3 9,286.2 Suppliers 1,207.3 886.2 1,035.4 2,005.8 2,178.5 Financial Markets 977.9 621.6 2.254.4 6,018.5 7,107.7 DEBT OUTS. DISS. (DOD) 3,466.0 4,079.1 4,298.1 6,169.6 7,366.6 Official Creditors 1,960.0 2,768.7 2,822.1 2,847.1 2,716.8 Multilateral 225.6 421.9 627.0 655.2 635.0 IBRD 225.6 421.9 627.0 655.2 635.0 IDA - - - - - Bilateral 1,734.5 2,346.8 2,195.1 2,191.8 2,081.8 Private Creditors 1,505.9 1,310.4 1,476.0 3,322.6 4,649.8 Suppliers 897.9 782.3 461.0 704.6 899.3 Financial Markets 608.0 528.2 1,015.0 2,617.9 3,750.5 COMMITMENTS 1,463.4 331.3 2,519.8 4,714.8 1,171.7 Official Creditors 935.5 256.6 179.8 148.9 0.1 Multilateral 94.0 200.5 - - - IBRD 94.0 200.5 - - - IDA - - - - - Bilateral 841.5 56.1 179.8 148.9 0.1 Private Creditors 528.0 74.7 2,340.0 4,565.9 1,171.6 Suppliers i61.3 74.7 549.5 1,000.9 239.8 Financial Markets 466.7 - 1,790.5 3,565.1 931.8 DISBURSEMENTS 1,122.5 736.6 1,142.0 2,307.7 1,755.9 Official Creditors 485.3 486.0 323.9 353.1 258.6 Multilateral 62.8 141.9 66.9 64.8 24.3 IBRD 62.8 141.9 66.9 64.8 24.3 IDA - - - - - Bilateral 422.5 344.1 256.9 288.3 234.4 Private Creditors 637.3 250.5 818.1 1,954.6 1,497.2 Suppliers 289.9 150.0 30.6 325.8 291.4 Financial Markets 347.4 100.6 787.5 1,628.8 1,205.9 PRINCIPAL REPAYMENTS 699.1 1,267.6 640.7 600.1 658.5 Official Creditors 255.1 369.5 351.3 375.4 406.1 Multilateral 48.6 19.1 29.3 36.6 44.5 IBRO 48.6 19.1 29.3 36.6 44.5 IDA - - - - - Bilateral 206.4 350.4 322.0 338.8 361.6 Private Creditors 444.1 898.1 289.5 224.8 252.5 Suppliers 158.9 271.2 157.1 136.8 127.1 Financial Markets 285.2 626.9 132.3 88.0 125.3 NET FLOWS 423.4 -531.1 501.3 1,707.6 1,097.4 Official Creditors 230.2 116.5 -27.4 -22.2 -147.4 Multilateral 14.2 122.8 37.7 28.2 -20.2 IBRD 14.2 122.8 37.7 28.2 -20.2 IDA - - - - Bilateral 216.1 -6.3 -65.0 -50.4 -127.2 Private Creditors 193.2 -647.6 528.7 1,729.8 1,244.8 Suppliers 131.0 -121.3 -126.5 t89.0 164.2 Financial Markets 62.1 -526.3 655.2 1,540.8 1,080.6 INTEREST PAYMENTS(INT) 161.7 303.5 232.4 288.7 398.1 Official Creditors 71.7 139.2 139.3 144.1 135.7 Multilateral 16.5 26.4 42.7 50.3 53.6 IBRO 16.5 26.4 42.7 50.3 53.6 IDA - - - - - Bilateral 55.2 112.7 96.7 93.8 82.1 Private Creditors 90.0 164.3 93.0 144.6 262.4 Suppliers 49.7 54.2 34.8 30.5 50.0 Financial Markets 40.3 110.2 58.2 114.1 212.4 221 IRAN (LIS$ Mi Iions) 1972 1974 1976 1977 1978 1979 1980 1981 NET TRANSFERS 261.7 -834.6 268.9 1,418.9 699.2 Official Creditors 158.5 -22.6 -166.7 -,66.3 -2S3.1 Multilateral -2.4 96.3 -5.0 -22.1 -73.8 IBRD -2.4 96.3 -5.0 -22.1 -73.8 IDA - - - - - Bilateral 160.9 -119.0 -161.7 -144.2 -209.3 Private Creditors 103.2 -811.9 435.6 1,585.2 982.3 Suppliers 81.3 -175.5 -161.3 158.5 114.2 Financial Markets 21.8 -636.5 597.0 1,426.8 868.1 TOTAL DEBT SERVICE(TDS) 860.8 1,571.1 873.1 888.8 1,056.6 Official Creditors 326.8 508.7 490.6 519.5 541.7 Multilateral 65.2 45.6 72.0 86.9 98.0 IBRD 65.2 45.6 72.0 86.9 98.0 IDA - - - - - Bilateral 261.6 463.1 418.6 432.5 443.7 Private Creditors 534.1 1,062.5 382.5 369.4 514.9 Suppliers 208.6 325.4 191.9 167.3 177.2 Financial Markets 325.5 737.1 190.5 202.1 337.7 AVERAGE TERMS: PUBLIC DEBT NEW COMMITMENTS ALL CREDITORS interest (%) 5.5 6.4 7.3 7.7 9.3 Maturity (years) 12.9 16.5 8.9 8.4 9.8 Grace Period (years) 2.7 3.6 2.8 3.0 1.6 Grant Element (%) 23.0 19.9 10.8 8.2 1.4 OFFICIAL CREDITORS Interest (%) 4.3 6.4 4.6 8.9 2.5 Maturity (years) 16.6 17.1 15.1 10.2 13.8 Grace Period (years) 2.8 4.1 3.8 2.2 1.3 Grant Element (%J 32.2 21.3 29.9 3.9 35.9 PRIVATE CREDITORS Interest (%) 7.7 6.7 7.5 7.7 9.3 Maturity (years) 6.2 14.1 8.4 8.3 9.8 Grace Period (years) 2.4 1.7 2.8 3.0 1.6 Grant Element (%) 6.7 15.0 9.3 8.4 1.4 MAJOR ECONOMIC AGGREGATES (U.S. $ MILLIONSi Gross Nat. Product GNPI 16.304 46.697 64,975 75.258 .. Exports of G. & S. XGS 4.284 22,711 26,847 27.984 .. Imports of G. & S. MGS) 4,676 10,410 22,110 22,894 .. Intl. Reserves (RES) 1,061 8,920 9,185 12,729 12,840 17,208 PRINCIPAL RATIOS ooD/xGS %) 80.9 18.0 16.0 22.0 .. DOD/GNP %) 21.3 8.7 6.6 8.2 .. TDS/XGS %\ 20.1 6.9 3.3 3.2 .. TDS/GNP %) 5.3 3.4 1.3 1.2 .. INT/XGS %) 3.8 1.3 0.9 1.0 *, INT/GNP %) 1.0 0.6 0.4 0.4 ,, RES/DOD %) 30.6 218.7 213.7 206.3 174.3 RES/MGS months) 2.7 10.3 5.0 6.7 .. MEMORANDA Proportion of Disbursed Debt Concessional Loans (%) 29.8 29.7 30.0 22.1 18.9 Var. Int. Rate Loans (%) 13.2 9.1 21.6 37.2 41.7 Use of IMF Credit(US$ mil) - - - - - 1982 1983 1984 1985 1986 1987 1988 1989 PROJECTED PUBLIC DEBT SERVICE TOTAL DEBT SERVICE Principal Interest OFFICIAL CREDITORS Principal Interest PRIVATE CREDITORS Principal Interest 222 IRAO (US$ Millions) 1972 1974 1976 1977 1978 1979 1980 1981 TOTAL DEBT OUTSTANDING DISBURSED ONLY TOTAL DEBT . .. .. .. .. Public / Publicly Guar. 414.9 407.5 430.9 1,010.9 1,074.2 .. . Private Non-guaranteed .. .. .. .. .. PUBLIC / PUBLICLY GUARANTEED DEBT DEBT OUTS. INC. UNDISB. 733.0 728.4 1,448.7 1,334.2 1,372.0 Official Creditors 702.9 707.7 939.E 829.3 788.6 .. . Multilateral 57.6 135.9 134.0 91.9 89.6 .. . IBRD 57.6 135.9 134.0 91.9 89.6 . . IDA - - - - - Bilateral 645.3 571.9 805.8 737.4 699.0 .. . Private Creditors 30.2 20.7 509.0 504.9 583.4 .. . Suppliers 30.2 20.7 9.C 4.9 3.4 .. Financial Markets - - 500.0 500.0 580.0 .. DEBT OUTS. DISB. (DOD) 414.9 407.5 430.9 1,010.9 1,074.2 Official Creditors 402.0 389.8 421.9 506.0 600.6 .. . Multilateral 15.2 20.6 45.2 70.5 80.7 .. . IBRD 15.2 20.6 45.2 70.5 80.7 .. . IDA - - - - - Bilateral 386.9 369.2 376.7 435.5 520.0 Private Creditors 12.9 17.8 9.0 504.9 473.6 .. . Suppliers 12.9 17.8 9.0 4.9 3.4 .. . Financial Markets - - - 500.0 470.2 .. COMMITMENTS 118.4 17.4 75.6 - 180.0 Official Creditors 101.0 17.4 75.6 - - Multilateral 12.9 - - - - IBRD 12.9 - - - - IDA - - -- - Bilateral 88.1 17.4 75.6 - - Pirivate Creditors 17.4 - - - 180.0 .. . Suppliers 17.4 - - - - Financial Markets - - - - 180.0 .. DISBURSEMENTS 147.2 54.7 57.1 666.0 215.1 .. . Official Creditors 142.3 52.6 57.0 166.0 144.9 .. . Multilateral 2.8 5.0 16.8 28.3 12.5 .. . IBRO 2.8 5.0 16.8 28.3 12.5 .. . IDA - - - - Bilateral 139.5 47.6 40.2 137.6 132.5 Private Creditors 4.9 2.1 0.0 500.0 70.2 .. Suppliers 4.9 2.1 0.0 - - Financial Markets - - - 500.0 70.2 .. . PRINCIPAL REPAYMENTS 39.6 100.5 47.6 105.3 175.2 Official Creditors 33.7 92.9 42.6 100.8 73.3 Multilateral 0.8 0.9 1.0 3.0 2.3 .. . IBRD 0.8 0.9 1.0 3.0 2.3 .. . IDA - - - - - Bilateral 33.0 92.1 41.6 97.8 71.0 .. . Private Creditors 5.9 7.6 5.0 4.5 102.0 .. . Suppliers 5.9 7.6 5.0 4.5 2.0 .. . Financial Markets - - - - 100.0 .. . NET FLOWS 107.6 -45.8 9.4 560.7 39.9 .. . Official Creditors 108.6 -40.3 14.4 65.1 71.7 .. . Multilateral 2.1 4.1 15.8 25.3 10.2 IBRO 2.1 4.1 15.8 25.3 10.2 IDA - - - - - Bilateral 106.5 -44.4 -1.4 39.8 61.5 .. . Private Creditors -1.0 -5.5 -5.0 495.5 -31.8 .. . Suppliers -1.0 -5.5 -5.0 -4.5 -2.0 .. . Financial Markets - - - 500.0 -29.8 .. . INTEREST PAYMENTS(INT) 5.5 13.7 14.1 15.8 64.2 .. . Official Creditors 4.8 13.0 12.3 14.1 17.7 Multilateral 0.9 3.7 3.5 4.7 6.5 .. . IBRD 0.9 3.7 3.5 4.7 6.5 .. . IDA - - - - - Bilateral 3.9 9.2 8.8 9.4 11.2 .. . Private Creditors 0.7 0.7 1.9 1.7 46.5 .. . Suppliers 0.7 0.7 0.6 0.5 0.3 .. Financial Markets - - 1.3 1.3 46.2 .. .. 223 IRAQ (US$ Miillions) 1972 1974 1976 1977 1978 1979 1980 1981 NET TRANSFERS 102.1 -59.5 -4.7 544.9 -24.3 Official Creditors 103.8 -53.3 2.2 51.1 54.0 .. . Multilateral 1.2 0.4 12.3 20.6 3.7 . . I3RD 1.2 0.4 12.3 20.6 3.7 .. . IDA - - - - - Bilateral 102.6 -53.7 -10.2 30.A 50.3 .. . Private Creditors -1.7 -6.2 -6.8 493.8 -78.3 .. . Suppliers -1.7 -6.2 -5.6 -4.9 -2.3 .. . Financial Markets - - -1.3 498.8 -76.0 .. . TOTAL DEBT SERVICE(TDS) 45.1 114.2 61.8 121.1 239.4 official Creditcrs 38.5 105.9 54.9 114.9 91.0 .. . Multilateral 1.6 4.6 4.5 7.7 8.8 .. . IBRD 1.6 4.6 4.5 7.7 8.8 .. IDA *- - - - - Bilateral 36.9 101.3 50.4 107.2 82.2 .. . Private Creditors 6.6 8.3 6.9 6.2 148.5 .. . Suppliers 6.6 8.3 5.6 4.9 2.3 .. . Financial Markets - - 1.3 1.3 146.2 .. . AVERAGE TERMS: PUBLIC DEBT NEW COMMITMENTS ALL CREDITORS Interest (%) 1.8 2.5 2.5 - 9.9 .. . Maturity (years) 6.5 11.5 11.3 - 3.0 .. . Grace Period (years) 2.5 1.8 2.0 - 0.5 .. Grant Element (0) 19.0 33.5 33.0 - -0.2 .. . OFFICIAL CREDITORS Interest (%) 1.5 2.5 2.5 - - Maturity (years) 6.5 11.5 11.3 - - Grace Period (years) 2.8 1.8 2.0 - - Grant Element 1%) 19.2 33.5 33.0 - - PRIVATE CREDITORS Interest (%) 3.4 - - - 9.9 .. . Maturity (years) 6.4 - - - 3.0 .. . Grace Period (years) 1.1 - - - 0.5 .. . Grant Element (%) 17.5 - - - -0.2 .. . MAJOR ECONOMIC AGGREGATES (U.S. S MILLIONS) Gross Nat. Product (GNP) 4,021 10,620 16,041 18,732 22,553 33,442 36,651 27,321 Exports of G. & S. (XGS) 1,545 7.535 8,436 11,599 .. .. . Imports of G. & S. (MGS) 1.001 4,681 5.810 8,574 .. .. . Intl. Reserves (RES) 892 3.862 4.986 7,503 .. PRINCIPAL RATIOS DOD/XGS (% 26.9 5.4 5.1 8.7 .. .. . DOD/GNP (% 10.3 3.8 2.7 5.4 4.8 .. . TDS/XGS (% 2.9 1.5 0.7 1.0 .. TDS/GNP (% 1.1 1.1 0.4 0.6 1.1 .. INT/XGS (% 0.4 0.2 0.2 0.1 .. INT/GNP (%) 0.1 0.1 0.1 0.1 0.3 RES/DOD (% 214.9 947.6 1,157.2 742.3 .. .. . RESjMGs (months) 10.7 9.9 10.3 10.5 .. .. . MEMORANDA Propot-tion of Disbursed Debt Concessional Loans (%) 70.3 84.6 85.7 42.9 48.3 Var. Int. Rate Loans (% - - - 49.5 43.8 .. . Use of IMF Credit(US$ mil - - - - -_ 1982 1983 1984 1985 1986 1987 1988 1989 PROJECTED PUBLIC DEBT SERVICE TOTAL DEBT SERVICE .. .. .. Principal .. .. .. Interest . .. OFFICIAL CREDITORS .. .. .. Principal .. .. .. Interest... PRIVATE CREDITORS .. .. .. Principal .. .. .. Interest . .. 224 JORDAN (LIS$ Miilions) 1972 1974 1976 1977 1978 1979 1980 1981 TOTAL DEBT OUTSTANDiNG DISBURSED ONLY TOTAL DEBT .. Public / Publicly Guar. 170.6 269.4 410.2 622.7 841.1 1,048.0 1,266.2 1.419.2 Private Non-guaranteed . . .. . .. .. .. PUBLIC / PUBLICLY GUARANTEED DEBT DEBT OUTS. INC. UNDISB. 238.5 469.2 6E3.9 1,185.7 1,669.1 1,928.7 2,502.9 2,276.8 Official Creditors 217.7 437.1 635.2 879.4 1,260.2 1,470.7 2,036.0 1,888.6 Multilateral 22.3 50.0 110.2 133.8 211.5 248.6 325.5 315.7 IBRC - - - - 35.0 50.0 100.0 90.0 IDA 22.3 50.0 71.9 71.8 85.6 85.5 85.3 e5.1 Bilateral 195.4 387.1 525.0 745.6 1,048.8 1,222.1 1,710.5 1,572.9 Private Creditors 20.8 32.1 48.7 306.3 408.9 458.0 466.9 388.2 Suppliers 15.4 18.8 9.7 50.1 61.3 61.3 54.1 41.3 Financ.al Markets 5.4 13.2 39.0 256.1 347.6 396.7 412.8 346.9 DEBT OUTS. DISB. (DOD) 170.6 269.4 410.2 622.7 841.1 1,048.0 1,266.2 1,419.2 Official Creditors 153.8 238.8 361.5 469.1 608.9 764.8 993.4 1,145.6 Multilateral 12.7 22.7 44.5 55.8 72.7 106.4 158.8 195.0 IBRD - - - - - 3.7 26.0 45.1 IDA 12.7 22.7 39.1 47.7 53.4 66.6 75.5 78.4 Silateral 141.1 216.2 317.0 413.2 536.2 658.4 834.6 950.6 Private Creditors 16.8 30.6 48.7 153.7 232.2 283.2 272.8 273.6 Suppliers 11.4 17.3 9.7 6.6 3.6 17.7 35.2 34.1 Financial Markets 5.4 13.2 39.0 147.1 228.6 265.5 237.6 239.5 COMMITMENTS 48.9 106.0 199.1 486.3 455.1 300.2 671.7 11.4 Official Creditor's 45.2 98.1 191.6 219.0 340.4 220.5 601.3 8.3 Multilateral 5.4 7.5 30.5 22.2 76.0 37.2 78.5 8.3 IBRD - - - - 35.0 15.0 50.0 IDA 5.4 7.5 10.0 - 14.0 - - - Bilateral 39.8 90.6 161.1 196.7 264.4 183.3 522.8 - Private Creditors 3.6 8.0 7.5 267.3 114.7 79.6 70.4 3.2 Suppliers 3.6 1.1 - 41.7 8.7 - - - Financial Markets - 6.9 7.5 225.6 106.0 79.6 70.4 3.2 DISBURSEMENTS 34.8 62.4 90.8 213.9 222.6 249.8 307.4 334.9 Official Creditors 32.7 43.5 83.3 97.3 126.6 163.8 265.5 265.1 Multilateral 2.3 4.8 11.8 11.2 16.6 33.8 53.7 40.7 IBRD - - - - - 3.7 22.3 19.2 IDA 2.3 4.8 6.5 8.7 5.8 13.4 9.1 3.0 Bilateral 30.4 38.7 71.5 86.1 110.0 129.9 211.9 224.5 Private Creditors 2.2 19.0 7.5 116.6 96.0 86.1 41.8 69.7 Suppliers 1.3 6.7 0.0 - - 15.7 21.3 8.2 Financial Markets 0.9 12.3 7.5 116.6 96.0 70.4 20.5 61.5 PRINCIPAL REPAYMENTS 7.1 10.5 19.4 23.6 33.5 56.5 75.8 101.1 Official Creditors 2.9 4.7 12.8 11.6 15.0 20.9 26.1 40.0 Multilateral 0.0 0.1 0.1 0.1 0.1 0.1 1.3 2.7 IBRD - - - - - - - - IDA 0.0 0.1 0.1 0.1 0.1 0.1 0.2 0.2 Bilateral 2.9 4.6 12.7 11.5 14.9 20.8 24.8 37.3 Private Creditors 4.2 5.8 6.6 11.9 18.4 35.6 49.7 61.1 Suppliers 1.6 2.6 3.8 3.2 3.3 2.0 1.5 3.1 Financial Markets 2.6 3.3 2.8 8.7 15.1 33.6 48.1 58.0 NET FLOWS 27.8 51.9 71.4 190.3 189.1 193.3 231.6 233.7 Official Creditors 29.8 38.8 70.5 85.7 111.6 142.9 239.4 225.1 Multilateral 2.3 4.7 11.7 11.1 16.5 33.7 52.3 38.0 IBRD - - - - - 3.7 22.3 19.2 IDA 2.3 4.7 6.4 8.6 5.7 13.2 8.9 2.8 Bilateral 27.5 34.1 58.8 74.6 95.1 109.1 187.1 187.2 Private Creditors -2.0 13.2 0.9 104.6 77.6 50.5 -7.9 8.6 Suppliers -0.3 4.1 -3.8 -3.2 -3.3 13.7 19.8 5.1 Financial Markets -1.7 9.0 4.7 107.9 80.9 36.8 -27.6 3.5 INTEREST PAYMENTS(INT) 2.9 3.8 8.1 14.7 24.4 39.5 57.7 80.6 Official Creditors 1.8 2.4 4.8 6.7 9.9 15.7 21.6 39.9 Multilateral 0.1 0.1 0.4 0.7 1.5 2.9 5.2 7.6 IBRD - - - - - 0.4 0.8 2.5 IDA 0.1 0.1 0.3 0.3 0.4 0.4 0.5 0.6 Bilateral 1.7 2.2 4.4 6.0 8.3 12.8 16.5 32.3 Private Creditors 1.1 1.4 3.3 8.0 14.5 23.8 36.1 40.7 Suppliers 0.6 0.7 0.8 0.6 0.6 0.5 1.6 1.7 Financial Markets 0.5 0.7 2.5 7.3 13.9 23.3 34.4 39.0 225 JORDAN (USs Mi$ lions) 1972 1974 1976 1977 1978 1979 1980 1981 NET TRANSFERS 24.9 48.2 63.4 175.7 164.8 153.8 173.9 153.1 Official Creditors 28.0 36.4 65.7 79.0 101.7 127.2 217.8 185.3 Multilateral 2.2 4.5 11.4 10.4 14.9 30.8 47.1 30.4 IBRD - - - - - 3.3 21.5 16.6 IDA 2.2 4.5 6.1 8.3 5.3 12.8 8.4 2.2 Bilateral 25.8 31.9 54.4 68.6 86.8 96.4 170.6 154.9 Private Creditors -3.1 11.8 -2.4 96.7 63.1 26.6 -43.9 -32.1 Suppliers -0.9 3.4 -4.6 -3.8 -3.9 13.1 18.2 3.4 Financial Markets -2.2 8.3 2.2 100.5 67.0 13.5 -62.1 -35.5 TOTAL DEBT SERVICE(TDS) 9.9 14.3 27.5 38.2 57.8 96.0 133.5 181.7 Official Creditors 4.7 7.1 17.6 18.3 24.9 36.6 47.8 79.9 Multilateral 0.1 0.2 0.4 0.8 1.7 3.0 6.5 10.3 IBRD - - - - - 0.4 0.8 2.5 IDA 0.1 0.2 0.3 0.4 0.5 0.5 0.7 0.8 Bilateral 4.6 6.8 17.1 17.5 23.3 33.6 41.2 69.6 Private Creditors 5.3 7.2 9.9 19.9 32.9 59.4 85.7 101.8 Suppliers 2.2 3.3 4.6 3.8 3.9 2.5 3.2 4.9 Finarcial Mare ets 3.1 4.0 5.3 16.1 29.0 56.9 82.6 97.C AVERAGE TERMS: PUBLIC DEBT NEW COMMITMENTS ALL CREDITORS Interest (%) 2.7 3.3 2.5 6.0 6.3 5.3 6.8 3.1 Maturity (years) 32.3 23.9 25.6 14.4 17.9 21.4 14.8 15.7 Grace Period (vears) 7.6 6.4 6.6 3.5 5.6 4.7 3.8 4.5 Grant Element (%) 57.9 47.9 53.8 23.2 27.2 32.2 18.3 46.8 OFFICIAL CREDITORS Interest (%) 2.4 2.9 2.3 3.5 4.2 4.0 6.8 - Maturity (years) 34.3 25.2 26.4 21.5 20.9 25.2 15.1 19.0 Grace Period (years) 8.0 6.8 6.8 5.2 6.5 5.5 4.0 5.5 Grant Element 1%) 61.5 51.1 55.6 43.1 40.2 42.1 18.8 66.5 PRIVATE CREDITORS Interest (%) 6.1 7.6 6.6 8.0 12.4 8.7 7.0 11.0 Maturity (years) 6.2 7.4 5.5 8.6 9.1 11.0 12.0 7.0 Grace Period (years) 2.2 2.2 1.6 2.1 2.9 2.3 2.0 2.0 Grant Element (%) 12.2 7.7 9.2 6.8 -11.5 4.6 13.2 -4.3 MAJOR ECONOMIC AGGREGATES (U.S. S MILLIONS) Gross Nat. Product (GNP) 610 867 1.634 1.907 2,403 2,926 3.594 3,665 Exports of G. & S. (XGS 146 356 1.001 1.202 1,437 1,820 2,491 3,202 Imports of G. & S. MGS) 330 612 1,330 1,715 2.068 2,869 3,453 4,541 Intl. Reserves (RES) 293 461 579 776 1.069 1,584 1,745 1,511 PRINCIPAL RAT!OS DOD/XGS %) 117.2 75.6 41.0 51.8 58.5 57.6 50.8 44.3 DOD/GNP % 27.9 31.1 25.1 32.6 35.0 35.8 35.2 38.7 TDS/XGS % 6.8 4.0 2.7 3.2 4.0 5.3 5.4 5.7 TDS/GNP % 1.6 1.6 1.7 2.0 2.4 3.3 3.7 5.0 INT/XGS % 2.0 1.1 0.8 1.2 1.7 2.2 2.3 2.5 INT/GNP ~% 0 5 0.4 0.5 0.8 1.0 1.4 1.6 2.2 RES/DOD (%) 171.6 171.3 141.1 124.6 127.1 151.1 137.8 106.5 RES/MGS (montns) 10.6 9.0 5.2 5.4 6.2 6.6 6.1 4.0 MEMORANDA Proportion of Disbursed Debt Concessional Loans (%) 85.3 80.8 83.5 72.2 69.3 69.6 65.5 62.7 Var. Int. Rate Loans (% - - - 17.9 22.3 21.7 15.8 13.2 Use of IMF Cred1t(US$ mil 4.9 - - - - - - - 1982 1983 1984 1985 1986 1987 1988 1989 PROJECTED PUBLIC DEBT SERVICE TOTAL DEBT SERVICE 218.3 246.2 255.2 249.7 228.6 223.2 208.9 193.5 Principal 128.7 153.6 166.9 169.2 156.7 160.3 155.5 148.2 Interest 89.5 92.6 88.3 30.6 71.8 62.9 53.4 45.3 OFFICIAL CREDITORS 112.5 148.2 166.1 181.3 181.9 180.3 176.7 173.1 Principal 61.0 87.6 102.8 118.7 123.0 126.6 128.9 131.0 interest 51.5 60.6 63.4 62.6 58.8 53.7 47.8 42.2 PRIVATE CREDITORS 105.8 98.0 89.0 68.4 46.7 42.9 32.2 20.4 Principal 67.7 66.0 64.1 50.5 33.7 33.7 26.6 17.2 Interest 38.0 32.0 24.9 18.0 13.0 9.2 5.6 3.2 226 LEBANON (USS Millions) 1972 1974 1976 1977 1S78 1979 1980 1981 TOTAL DEBT OUTSTANDING DISBURSED ONLY TOTAL DEBT . .. .. .. .. .. Public / Publicly Guar. 61.6 49.2 38.9 39.0 47.7 94.9 194.0 246.2 Private Non-guaranteed . .. . .. .. . PUBLIC / PUBLICLY GUARANTEED DEBT DEBT OUTS. INC. UNDISB. 62.5 89.7 73.1 190.3 379.3 423.4 425.1 384.8 Of*icial Creditors 62.2 88.1 72.0 189.3 228.4 277.6 279.6 271.9 Multilateral 15.3 51.6 48.0 135.3 138.6 161.0 169.0 170.2 IBRD 15.3 51.6 48.0 96.0 94.0 91.8 88.7 84.1 IDA - - - - - - '' - Bilateral 46.9 36.5 24.0 54.0 89.8 116.7 110 7 101.7 Private Creditors 0.3 1.6 1.2 1.0 150.9 145.8 145.5 113.0 Suppliers 0.3 0.2 0.1 - - - - - Financial Markets - 1.4 1.1 1.0 150.9 145.8 145.5 113.0 DEBT OUTS. DISB. (DOD) 61.6 49.2 38.9 39.0 47.7 94.9 194.0 246.2 Official Creditors 61.3 47.6 37.7 38.0 46.8 94.1 123.5 133.2 Multi lateral 15.3 12.0 13.8 11.8 17.0 60.5 75.2 84.7 IBRD 15.3 12.0 13.8 11.8 9.8 16.4 24.1 34.5 IDA - - - - - - - - Bilateral 46.0 35.6 24.0 26.2 29.8 33.6 48.3 48.6 Private Creditors 0.3 1.6 1.2 1.0 0.9 0.8 70.5 113.0 Suppliers 0.3 0.2 0.1 - - - - - Financial Markets - 1.4 1.1 1.0 0.9 0.8 70.5 113.0 COMMITMENTS 0.1 - - 121.2 191.6 52.4 13.9 13.4 Official Creditors 0.1 - - 121.2 41.6 52.4 13.9 13.4 Multilateral - - - 88.4 3.8 23.3 13.9 13.4 IBRO - - - 50.0 - - - - IDA - - - - - - - - Bilateral 0.1 - - 32.8 37.7 29.1 - Private Creditors - - - - 150.0 - Suppliers - - - - _ _ _ _ Financial Markets - - - - 150.0 - - - DISBURSEMENTS 0.1 1.3 - 6.0 13.8 51.5 108.9 98.9 Official Creditors 0.1 - - 6.0 13.8 51.5 38.9 23.9 Multilateral - - - - 7.1 44.2 20.5 19.8 IBRD - - - - - 8.7 10.9 15.1 IDA - - - - - - - - Bilateral 0.1 - - 6.0 6.7 7.3 18.4 4.0 Private Creditors - 1.3 - - - - 70.0 75.0 Suppliers - - - _ Financial Markets - 1.3 - - - - 70.0 75.0 PRINCIPAL REPAYMENTS 7.0 9.3 6.2 6.3 5.8 5.9 6.9 40.5 Official Creditors 7.0 9.2 5.9 6.1 5.7 5.7 6.7 8.0 Multilateral 1.5 1.7 1.9 1.9 2.0 2.1 3.1 4.7 IBRD 1,5 1.7 1.9 1.9 2.0 2.1 3.1 4.7 IDA - - - - - - - - Bilateral 5.4 7.5 4.1 4.1 3.6 3.6 3.6 3.4 Private Creditors 0.1 0.1 0.2 0.2 0.2 0.2 0.2 32.5 Suppliers 0.1 0.1 0.1 0.1 - - - - Financial Markets - - 0.2 0.2 0.2 0.2 0.2 32.5 NET FLOWS -6.9 -8.0 -6.2 -0.3 8.0 45.6 102.0 58.4 Official Creditors -6.9 -9.2 -5.9 -0.1 8.1 45.8 32.2 15.8 Multilateral -1.5 -1.7 -1.9 -1.9 5.1 42.1 17.4 15.2 IBRD -1.5 -1.7 -1.9 -1.9 -2.0 6.6 7.8 10.4 IDA - - - - - - - - Bilateral -5.3 -7.5 -4.1 1.9 3.0 3.7 14.8 0.7 Private Creditors -0.1 1.3 -0.2 -0.2 -0.2 -0.2 69.8 42.5 Suppliers -0.1 -0.1 -0.1 -0.1 - - - - Financial Markets - 1.3 -0.2 -0.2 -0.2 -0.2 69.8 42.5 INTEREST PAYMENTS(INT) 2.4 2.6 2.1 1.9 2.0 3.5 5.6 13.0 Official Creditors 2.4 2.6 2.0 t,9 1.9 3.5 5.2 7.0 Multilateral 0.8 0.9 0.9 1.0 1.1 2.4 3.9 4.6 IBRD 0.8 0.9 0.9 1.0 1.1 1.2 1.9 2.2 IDA - - - - - - - - Bilateral 1.6 1.7 1.1 0.9 0.8 1.0 1.3 2.4 Private Creditors 0.0 0.0 0.1 0.1 0.1 0.0 0.4 6.0 Suppliers 0.0 0.0 0.0 0.0 - - - - Financial Markets - - 0.1 0.1 0.1 0.0 0.4 6.0 227 LEBANON (USs Millions) 1972 1974 1976 1977 1978 1979 1980 1981 NET TRANSFERS -9.3 -10.6 -8.2 -2.2 5.9 42.1 9E.4 45.4 Official Creoitors -9.3 -11.8 -7.9 -1.9 6.2 42.3 26.9 8.8 Multilateral -2.3 -2.S -2.8 -2.9 4.0 39.6 13.5 10.6 JBRD -2.3 -2.6 -2.8 -2.9 -3.1 5.4 5.9 8.2 !DA - - ------ Bilateral -6.9 -9.3 -5.1 1.0 2.2 2.7 13.5 -1.8 Private Creditors -0.1 1.2 -0.3 -0.3 -0.2 -0.2 69.4 36.5 Suppliers -0.1 -0.1 -0.1 -0.1 - - - - Financial Markets - 1.3 -0.2 -0.2 -0.2 -0.2 69.4 36.5 TOTAL DEBT SERVICE(TDS) 9.4 11.9 8.2 8.2 7.8 9.4 12.5 53.5 Official Creditors 9.4 11.8 7.9 7.9 7.6 9.2 1l.9 15.0 Multilateral 2.3 2.6 2.8 2.9 3.1 4.6 7.0 9.2 IBRD 2.3 2.6 2.8 2.9 3.1 3.4 5.0 6.9 IDA - - - - - - - - Bilateral 7.0 9.3 5.1 5.0 4.5 4.6 4.9 5.8 Private Creditors 0.1 0.1 0.3 0.3 0.2 0.2 0.6 38.5 Suppliers 0.1 0.1 0.1 0.1 - - - - Financial Markets - - 0.2 0.2 0.2 0.2 0.6 38.5 AVERAGE TERMS: PUBLIC DEBT NEW COMMITMENTS ALL CREDITORS Interest (%) 2.7 - - 6.2 8.9 4.6 2.7 11.1 Maturity years) 21.4 - - 19.2 9.9 19.2 15.1 12.5 Grace Period (years) 1.4 - - 4.5 3.9 4.9 3.9 3.9 Grant Element (%) 44.3 - - 24.7 6.8 26.6 42.2 -7.2 CFFICIAL CREDITORS Interest (%) 2.7 - - 6.2 3.1 4.6 2.7 11.1 Maturity (years) 21.4 - - 19.2 18.8 19.2 15.1 12.5 Grace Period (years) 1.4 - - 4.5 3.6 4.9 3.9 3.9 Grant Element (%) 44.3 - - 24.7 42.3 26.6 42.2 -7.2 PRIVATE CREDITORS Interest (%) - - - - 10.5 - - - Maturity (years) - - - - 7.5 - - - Grace Period (years) - - - - 4.0 - - - Grant Element (%) - - - - -3.1 - - - MAJOR ECONOMIC AGGREGATES (U.S. $ MILLIONS) Gross Nat. Product (GNP) 2,162 3,624 .. .. .. .. Exports of G. & S. (XGS .. .. .. .. .. .. . Imports of G. & S. (MGS) .0. . . .. .. .3 . .6 . .. Intl. Reserves (RES) 923 2,997 2.544 3.089 3,918 6.253 7,025 5,182 PRINCIPAL RATIOS DOD/XGS (% .. .. .. .. .. .. . DOD/GNP % 2.8 1.4 . TDS/XGS % .. .. .. . . TDS/GNP % 0.4 0.3 .. .. .. .. . INT/XGS % .. .. .. .. .. INT/GNP % 0.1 0.1 .. .. .. RES/DOD % 1,498.9 6,098.0 6,539.0 7,911.8 8,212.6 6,590.5 3,621.0 2,105.0 RES/MGS months) MEMORANDA Proportion of Disbursed Debt Concessional Loans (%) 58.5 63.8 60.8 67.2 77.5 77.4 39.4 31.2 Var. Int. Rate Loans (%° - - - - - - 36.1 45.8 Use of IMF Credit(US$ mil) - - - - - - - 1982 1983 1984 1985 1986 1987 1988 1989 PROJECTED PUBLIC DEBT SERVICE TOTAL DEBT SERVICE 69.3 66.7 64.0 61.3 29.4 29.1 28.4 27.0 Principal 42.5 42.6 43.8 45.6 17.7 18.1 18.4 17.9 Interest 26.8 24.1 20.2 15.7 11.8 11.0 10.0 9.1 OFFICIAL CREDITORS 23.7 26.0 27.8 29.7 29.4 29.1 28.4 27.0 Principal 14.0 14.5 15.6 17.4 17.7 18.1 18.4 17.9 Interest 9.7 11.6 12.2 12.3 11.8 1¶.0 10.0 9.1 PRIVATE CREDITORS 45.6 40.7 36.1 31.6 - - - - Principal 28.4 28.2 28.2 28.2 - - - - Interest 17.1 12.5 8.0 3.4 - - - - 228 MOROCCO (US$ Millions) 1972 1974 1976 1977 1978 1979 1980 1981 TOTAL DEBT OUTSTANDING DISBURSED ONLY TOTAL DEBT .. .. .. .. .. Public / Publicly Guar. 919.1 1,218.4 2,330.4 4,069.4 5,123.1 6,181.8 7,097.5 7,8'9.3 Private Non-guaranteed .. .. .. .. .. .. PUBLIC / PUBLICLY GUARANTEED DEBT DEBT OUTS. INC. UNDISS. 1,216.3 1,831.2 3,130.9 5,093.5 7,403.5 8,519.1 9,155.5 10,677.6 Official Creditors 1,026.9 1,475.5 1,810.5 2,676.6 4,103.6 4,787.6 5,309.2 6,445.2 Multilateral 282.9 468.9 652.3 858.5 1,057.1 1,535.9 1,682.1 2,141.3 IBRD 242.3 404.5 537.9 687.3 800.2 1,132.7 1,249.9 1,569.0 IDA 37.6 39.5 52.5 52.4 52.3 52.1 51.9 51.7 Bilateral 744.0 1,006.6 1,158.2 1,818.1 3,046.4 3,251.6 3,627.1 4,303.9 Private Creditors 189.3 355.7 1,320.4 2,416.9 3,299.9 3,731.6 3,846.3 4,232.3 Suppliers 87.4 88.2 184.7 330.5 327.2 314.4 264.1 261.4 Financial Markets 102.0 267.6 1,135.7 2,086.4 2,972.7 3,417.2 3,582.2 3,970.9 DEBT OUTS. DISB. (DOD) 919.1 1,218.4 2,330.4 4,069.4 5,123.1 6,181.8 7,097.5 7,879.3 Official Creditors 742.4 919.6 1,250.0 1,975.7 2,456.3 2,833.2 3,482.3 4,509.2 Multilateral 103.4 186.8 347.9 424.8 577.5 736.0 846.3 1,002.5 IBRD 84.9 152.7 288.9 340.0 391.5 503.8 538.8 601.0 IDA 15.4 29.6 35.2 38.3 38.4 38.4 39.2 33.9 Bilateral 639.1 732.8 902.2 1,550.9 1,878.9 2,097.2 2,636.0 3,506.7 Private Creditors 176.6 298.8 1,080.3 2,093.7 2,666.8 3,348.6 3,615.2 3,370.1 Suppliers 78.3 74.0 167.3 326.0 316.6 307.1 251.3 224.1 Financial Markets 98.3 224.8 913.0 1,767.6 2,350.1 3,041.5 3,363.8 3,145.9 COMMITMENTS 173.3 568.5 889.4 1,990.1 2,391.1 1,444.8 1,454.4 2,545.5 OfFicial Creditors 153.7 384.9 284.9 861.7 1,367.2 736.5 788.4 1,472.1 Multilateral 97.0 158.8 153.5 221.9 212.3 510.3 202.2 533.0 IBRO 87.0 141.0 150.0 167.5 133.0 357.0 146.0 363.0 IDA 10.0 - - - - - - - Bilateral 56.7 226.1 131.4 639.8 1,154.9 226.2 586.3 930.0 Private Creditors 19.6 183.6 604.5 1,128.4 1,023.9 708.3 665.9 1.073.5 Suopliers 15.7 12.3 7.2 157.6 15.8 5.5 22.6 30.9 Financial Markets 3.9 171.3 597.3 970.9 1,008.1 702.8 643.4 1,042.6 DISBURSEMENTS 123.2 270.5 725.1 1,786.9 1,182.1 1,404.6 1,567.1 1,704.5 Official Creditors 103.6 137.6 193.4 737.2 450.6 439.0 838.8 1,297.1 Multilateral 27.6 70.8 68.1 93.3 169.0 193.2 147.0 211.3 IBRD 19.7 63.3 59.4 68.1 71.6 136.8 63.7 99.3 IDA 6.1 6.3 4.5 3.3 0.2 0.2 0.9 1.0 Bilateral 76.0 66.8 125.3 644.0 281.6 245.9 691.S 1,085.8 Private Creditors 19.5 132.9 531.7 1,049.6 731.5 965.6 728.3 407.4 Suppliers 6.7 1.5 10.0 170.8 9.7 8.1 15.6 6.4 Financial Markets 12.9 131.4 521.6 878.9 721.8 957.5 712.7 401.0 PRINCIPAL REPAYMENTS 68.9 95.0 96.7 116.7 295.0 387.6 573.4 602.0 Official Creditors 45.9 60.1 54.3 56.7 65.8 97.6 122.2 117.8 Multilateral 5.4 16.1 15.1 17.7 21.1 36.3 38.4 47.4 IBRD 5.4 16.0 14.7 17.0 20.1 24.5 28.7 37.1 IDA - - 0.1 0.1 0.1 0.1 0.2 0.2 Bilateral 40.6 44.0 39.3 39.0 44.7 61.3 83.8 70.4 Private Creditors 23.0 34.9 42.4 59.9 229.1 290.0 451.3 484.2 Suppliers 11.7 17.8 14.9 16.3 26.7 19.5 62.0 26.7 Financial Markets 11.3 17.1 27.4 43.7 202.4 270.5 389.3 457.5 NET FLOWS 54.3 175.5 628.4 1,670.2 887.2 1,017.0 993.6 1,102.5 Official Creditors 57.7 77.5 139.1 680.5 384.8 341.4 716.6 1,179.3 Multilateral 22.2 54.7 53.0 75.5 147.9 156.9 108.6 163.9 IBRD 14.3 47.4 44.7 51.1 51.5 112.3 35.0 62.2 IDA 6.1 6.3 4.4 3.2 0.0 0.1 0.7 0.7 Bilateral 35.5 22.8 86.1 605.0 236.9 184.6 608.0 1,015.4 Private Creditors -3.4 95.0 489.3 989.7 502.4 675.6 277.0 -76.8 Suppliers -5.0 -16.3 -4.9 154.5 -17.0 -11.4 -46.4 -20.3 Financlal Markets 1.6 114.3 494.2 835.2 519.4 686.9 323.4 -56.5 INTEREST PAYMENTS(INT) 34.6 42.6 E5.6 147.5 251.8 410.2 618.0 631.3 Official Creditors 26.1 31.4 44.3 66.7 98.0 143.5 159.1 136.6 Multilateral 5.5 10.1 20.5 24.9 34.5 45.3 61.3 57.7 IBRD 5.2 9.7 19.7 23.5 31.7 40.4 49.1 47.4 IDA 0.1 0.2 0.2 0.3 0.3 0.3 0.3 0.3 Bilateral 20.6 21.2 23.8 41.8 63.5 98.1 97.8 79.1 Private Creditors 8.5 11.3 21.2 80.8 153.7 266.7 458.9 494.5 Suppliers 4.0 6.0 3.9 3.7 6.0 11.7 22.3 18.4 Financial Markets 4.5 5.2 17.4 77.0 147.7 255.0 436.6 476.1 zzs MOROCCO (LUS$ Millions) 1972 1974 1976 1977 1978 1979 1980 1951 NET TRANSFERS 19.7 132.9 562.9 1,522.7 635.4 606.9 375.5 471.2 Official Creditors 31.6 46.1 94.8 613.8 286.8 198.0 557.5 1,042.6 Multilateral 16.8 44.6 32.5 50.6 113.3 111.6 47.2 106.2 IBRD 9.1 37.7 25.0 27.6 19.8 71.8 -14.1 14.8 IDA 6.0 6.1 4.1 2.9 -0.3 -0.2 0.4 0.4 Bilateral 14.9 1.5 62.3 563.2 173.4 86.4 510.3 936.4 Private Creoitors -11.9 86.7 468.1 908.9 348.7 408.9 -181.9 -571.4 Suppliers -9.0 -22.4 -8.8 150.8 -23.0 -23.1 -68.7 -38.7 Financial Markets -2.9 109.1 476.8 758.2 371.6 431.9 -113.2 -532-6 TOTAL DEBT SERVICE(TDS) 103.5 137.6 162.2 264.2 546.7 797.8 1,191.4 1,233.3 Official Creditors 72.0 91.4 98.6 123.5 163.8 241.0 281.3 254.6 Multilateral 10.8 26.2 35.6 42.7 55.6 81.6 99.7 105.1 IBRD 10.6 25.7 34.4 40.5 51.8 65.0 77.8 84.5 IDA 0.1 0.2 0.4 0.4 0.4 0.4 0.5 0.5 Bilateral 61.2 65.3 63.1 80.8 108.2 159.4 181.6 149.4 Private Creditors 31.5 46.2 63.6 140.7 382.9 556.7 910.1 978.7 Suppliers 15.7 23.8 18.8 20.0 32.7 31.2 84.2 45.1 Financial Markets 15.8 22.3 44.8 120.7 350.2 525.6 825.9 933 6 AVERAGE TERMS: PUBLIC DEBT NEW COMMITMENTS ALL CREDITORS Interest (%) 5.4 5.2 7.7 6.8 7.0 8.2 8.1 8.4 Maturity (years) 22.3 16.6 11.7 13.1 13.2 15.9 13.7 10.0 Grace Period (years) 5.3 5.0 3.7 6.2 4.6 5.0 4.4 4.5 Grant Element (%) 30.2 30.1 12.4 17.8 17.7 13.0 14.1 9.9 OFFICIAL CREDITORS Interest (%) 5.2 4.4 6.1 5.4 4.9 5.2 3.8 4.3 Maturity (years) 24.1 19.5 22.8 19.8 16.3 21.7 18.5 11.3 Grace Period (years) 5.8 5.9 5.9 10.7 5.5 6.1 5.2 5.2 Grant Element (%) 33.0 37.8 28.0 31.2 30.7 33.3 39.4 29.2 PRIVATE CREDITORS Interest (%) 7.3 6.8 .8.4 7.9 9.7 11.3 13.3 13.9 Maturity (years) 7.7 10.5 6.5 8.0 9.2 9.9 7.9 8.1 Grace Period (years) 1.4 3.2 2.7 2.8 3.5 3.9 3.4 3.4 Grant Element (%) 8.3 14.1 5.0 7.5 0.4 -8.0 -16.4 -16.7 MAJOR ECONOMIC AGGREGATES (U.S. $ MILLIONS) Gross Nat. Product (GNP) 5,117 7,942 9,984 11,428 13,652 16,383 18,366 15,404 Exports of G. & S. (XGS) 1.086 2.491 2,267 2,459 2.927 3,660 4.325 4.096 Imports of G. & S. (MGS) 1,080 2,274 3,671 4,339 4,324 5,235 5.873 6,060 Intl. Reserves (RES) 253 504 549 609 772 917 814 510 PRINCIPAL RATIOS DODJXGS % 84.6 48.9 102.8 165.5 175.0 168.9 164.1 192.4 DOO/GNP % 18.0 15.3 23.3 35.6 37.5 37.7 38.6 51.1 TDS/XGS % 9.5 5.5 7.2 10.7 18.7 21.8 27.5 30.1 TDS/GNP % 2.0 1.7 1.6 2.3 4.0 4.9 6.5 8.0 INT/XGS % 3.2 1.7 2.9 6.0 8.6 11.2 14.3 15.4 INT/GNP % 0.7 0.5 0.7 1.3 1.8 2.5 3.4 4.1 RES/DOD % 27.5 41.4 23.6 15.0 15.1 14.8 11.5 6.5 RES/MGS months) 2.8 2.7 1.6 1.7 2.1 2.1 1.7 1.0 MEMORANDA Proportion of Disbursed Debt Concessional Loans (%) 63.8 59.0 38.6 38.0 37.6 35.6 39.4 45.4 Var. Int. Rate Loans (% - - 21.5 34.5 33.5 36.0 34.6 29.6 Use of IMF Credit(US$ mil - - 134.1 140.3 225.6 198.7 316.8 450.4 1982 1983 1984 1985 1986 1987 1988 1989 PROJECTED PUBLIC DEBT SERVICE TOTAL DEBT SERVICE 1,385.1 1,481.6 1,574.7 1,489.2 2,047.4 1,479.1 1,090.0 853.9 Principal 756.7 729.0 972.1 968.9 1,597.8 1,118.8 809.7 643.0 Interest 628.4 752.6 602.6 520.4 449.6 360.2 280.3 210.9 OFFICIAL CREDITORS 325.0 514.7 650.0 645.6 1,237.9 846.3 569.8 526.5 Principal 159.2 195.1 422.5 428.0 1,022.5 647.6 389.8 363.3 lnterest 165.7 319.5 227.6 217.5 215.4 198.7 180.0 163.2 PRIVATE CREDITORS 1,060.2 966.9 924.7 843.7 809.5 632.8 520.2 327.4 Principal 597.5 533.8 549.6 540.8 575.3 471.2 419.9 279.7 Interest 462.7 433.0 375.0 302.9 234.3 161.6 100.3 47.6 230 OMAN (US$ Mi llions) 1972 1974 1976 1977 1978 1979 1980 19S1 TOTAL DEBT OUTSTANDING DISBURSED ONLY TOTAL DEBT .. .. .. .. .. Public / Publicly Guar. . 165.7 423.5 552.9 562.1 631.9 449.7 556.2 Private Non-guaranteed .. .. .. .. .. PUBLIC / PUBLICLY GUARANTEED DEBT DEBT OUTS. INC. UNDISB. .. 343.1 825.9 864.2 994.6 759.7 869.5 841.9 Official Creditors . 87.2 407.5 469.8 649.2 617.3 511.9 464.0 Multilateral .. 8.5 29.4 46.2 46.5 52.1 82.1 76.7 IBRO .. 8.5 8.5 24.8 24.5 23.9 44.5 42.0 IDA Bilateral .. 78.8 378.2 423.6 602.6 565.2 429.8 387.3 Private Creditors .. 255.9 418.3 394.4 345.4 142.5 357.7 377.9 Supoliers .. 181.0 154.9 139.9 113.5 51.2 5.8 1.1 Financial Markets .. 74.9 263.5 254.5 231.9 91.2 351.8 376.9 DEBT OUTS. DISB. (DOD) .. 165.7 423.5 552.9 562.1 631.9 449.7 556.2 Official Creditors .. 60.0 188.4 286.6 334.3 491.4 361.5 330.1 Multilateral .. - 1.1 8.3 25.2 31.1 40.2 40.9 IBRD .. - 1.1 1.8 5.9 9.1 13.6 16.5 IDA Bilateral .. 60.0 187.3 278.3 309.2 460.2 321.3 289.2 Private Creditors .. 105.7 235.1 266.3 227.8 140.6 88.3 226.1 Suppliers .. 45.7 105.0 121.4 94.6 51.2 5.8 1.1 Financial Markets .. 60.0 130.1 144.9 133.2 89.4 82.4 225.0 COMMITMENTS .. 246.4 305.6 51.4 193.7 29.7 390.6 60.0 Official Creditors . 8. 7.2 171.2 51.4 193.7 26.2 40.5 30.0 Multilateral .. 8.5 20.5 16.5 - 6.2 33.1 - IBRD .. 8.5 - 16.5 - - 22.0 - IDA Bilateral .. 78.7 150.7 34.9 193.7 20.0 7.4 30.0 Private Creditors .. 159.2 134.3 - - 3.5 350.1 30.0 Suppliers ,, 145.4 4.4 - - - Financial Markets .. 13.9 130.0 - - 3.5 350.1 30.0 DISBURSEMENTS .. 128.7 191.8 161.3 95.7 218.5 71.7 190.8 Official Creditors .. 60.0 127.1 92.8 69.9 195.0 17.2 43.2 Multilateral ,. - 1.1 7.2 16.9 6.6 12.1 5.3 IBRD .. - 1.1 0.8 4.5 3.7 5.9 5.0 IDA Bilateral . 60.0 126.0 85.6 53.0 188.4 5.1 37.9 Private Creditors .. 68.7 64.8 68.5 25.8 23.5 54.4 147.6 Suppliers .. 18.7 49.3 33.7 0.9 19.7 - - Financial Markets .. 50.0 15.5 34.8 24.9 3.8 54.4 147.6 PRINCIPAL REPAYMENTS .. 5.9 24.3 56.2 114.6 185.5 185.8 71.2 Official Creditors .. - - 7.2 31.0 69.4 57.0 63.7 Multilateral .. - - 0.2 0.3 0.6 3.2 3.8 IBRO .. - - 0.2 0.3 0.6 1.4 2.1 IDA - - - - - Bilateral .. - - 7.0 30.7 68.9 53.9 59.8 Private Creditors .. 5.9 24.3 49.0 83.6 116.1 128.6 7.5 Suppliers .. 5.9 18.6 25.2 38.1 65.4 44.0 3.8 Financial Markets .. - 5.7 23.8 45.5 50.7 84.6 3.8 NET FLOWS .. 122.8 167.6 105.1 -18.9 33.0 -114.0 119.6 Official Creditors .. 60.0 127.1 85.6 38.9 125.6 -39.8 -20.4 Multilateral - 1.1 7.0 16.6 6.1 8.9 1.5 IBRD .. - 1.1 0.7 4.1 3.2 4.5 2.9 IDA Bilateral .. 60.0 126.0 78.6 22.4 119.6 -48.7 -21.9 Private Creditors .. 62.8 40.5 19.5 -57.8 -92.6 -74.2 140.0 Suppliers .. 12.8 30.7 8.5 -37.2 -45.7 -44.0 -3.8 Financial Markets .. 50.0 9.8 11.0 -20.6 -46.9 -30.2 143.8 INTEREST PAYMENTS(INT) .. 3.6 10.1 25.2 20.2 23.3 102.1 23.8 Official Creditors .. - 0.9 7.2 4.8 10.7 11.1 13.9 Multilateral .. - - 0.2 0.6 1.8 2.4 2.6 IBRD .. - - 0.1 0.3 0.7 1.0 1.2 IDA Bilateral - 0.9 7.0 4.2 8.9 8.7 11.4 Private Creditors .. 3.6 9.2 18.0 15.4 12.6 91.0 9.9 Suppliers .. 1.6 2.2 8.0 8.1 8.0 3.1 0.3 Financial Markets .. 2.0 6.9 10.0 7.3 4.6 87.9 9.6 Z31 OMAN (US$ 1ill ions) 1972 1974 1976 1977 1978 1979 1980 1981 NET TRANSFERS .. 119.2 157.5 79.9 -39.1 9.7 -216.1 95.8 Official Creditors . 60.0 126.2 78.4 34.1 114.9 -50.9 -34.4 Multilateral .. - 1.1 6.8 16.0 4.2 6.6 -1.1 IBRD .. - 1.1 0.5 3.8 2.5 3.6 1.6 IDA Bilateral 60.0 125.1 71.6 18.2 110.7 -57.4 -33.3 Private Creditors .. 59.2 31.3 1.5 -73.2 -105.2 -165.2 130.1 Suppliers .. 11.2 28.4 0.6 -45.3 -53.8 -47.1 -4.0 Financial Markets .. 48.0 2.9 1.0 -27.9 -51.5 -118.1 134.2 TOTAL DEBT SERVICE(TDS) .. 9.5 34.3 81.3 134.8 208.8 287.7 95.0 Official Creditors .. - 0.9 14.4 35.8 80.1 68.1 77.6 Multilateral .. - - 0.4 0.9 2.4 5.5 6.4 ISRD .. - - 0.3 0.6 1.2 2.4 3.3 IDA Bilateral .. - 0.9 14.0 34.9 77.7 62.6 71.2 Private Creditors .. 9.5 33.4 67.0 99.0 128.7 219.6 17.4 Suppliers .. 7.5 20.9 33.1 46.2 73.4 47.1 4.0 Financial Markets .. 2.0 12.6 33.8 52.8 55.3 172.5 13.4 AVERAGE TERMS: PUBLIC DEBT NEW COMMITMENTS ALL CREDITORS Interest (%) .. 6.1 5.7 8.4 3.8 1.4 7.6 4.0 Maturity (years) .. 6.6 13.5 9.4 8.2 10.4 8.4 9.5 Grace Period (gears) .. 1.9 3.2 2.1 2.5 1.3 3.2 2.5 Grant Element (%) .. 12.6 24.4 6.1 24.0 33.4 9.5 25.0 OFFICIAL CREDITORS Interest (%) .. 2.8 4.3 8.4 3.8 0.6 6.9 - Maturity (years) .. 6.8 17.0 9.4 8.2 11.1 12.6 9.5 Grace Period (years) .. 2.3 4.5 2.1 2.5 1.4 4.5 2.5 Grant Element (%) *- 24.1 36.7 6.1 24.0 37 1 16.9 42.3 PRIVATE CREDITORS Interest (%) .. 7.8 7.5 - - 7.5 7.7 8.0 Maturity years) .. 6.5 9.0 - - 5.4 7.9 9.5 Grace Period (years) . 1.8 1.6 - - 0.9 3.¶ 2.5 Grant Element (%) . 6.3 8.9 - - 5.9 8.7 7.6 MAJOR ECONOMIC AGGREGATES (U.S. S MILLIONS) Gross Nat. Product (GNP) 278 1,206 1.966 2,171 2.244 2.995 4.781 5.732 Exports of G. & S. (XGS) .. 1,232 1,601 1,619 1,610 2,287 3,820 4,969 Imports of G. & S. MGS) 1,076 1,616 1,611 1,727 2.019 2,750 3,937 Intl. Reserves (RES) 162 197 313 436 429 673 997 1,247 PRINCIPAL RATIOS DOD/XGS % .. 13.5 26.4 34.1 34.9 27.6 11.8 11.2 DOD/GNP % .. 13.7 21.5 25.5 25.0 21.1 9.4 9.7 TDS/XGS % .. 0.8 2.1 5.0 8.4 9.1 7.5 1.9 TDS/GNP % .. 0.8 1.7 3.7 6.0 7.0 6.0 1.7 INT/XGS % .. 0.3 0.6 1.6 1.3 1.0 2.7 0.5 INT/GNP % .. 0.3 0.5 1.2 0.9 0.8 2.1 0.4 RES/DOD % .. 118.9 73.9 78.8 76.4 106.5 221.7 224.2 RES/MGS months) .. 2.2 2.3 3.2 3.0 4.0 4.3 3.8 MEMORANDA Proportion of Disbursed Debt Concessional Loans (%) .. 36.2 32.1 26.9 32.9 32.3 23.7 23.4 Var. Int. Rate Loans (% * . 21.1 20.4 15.1 10.4 5.1 - - Use of IMF Credit(US$ mil) - - - - - - - - 1982 1983 1984 1985 1986 1987 1988 1989 PROJECTED PUBLIC DEBT SERVICE TOTAL DEBT SERVICE 108.5 127.8 165.8 161.6 121.3 106.1 88.1 35.5 Principal 76.5 93.1 133.5 134.6 100.7 91.4 79.2 30.8 Interest 32.0 34.7 32.4 27.0 20.5 14.6 8.9 4.7 OFFICIAL CREDITORS 78.0 79.6 72.2 73.4 37.9 32.7 27.6 26.9 Principal 65.7 68.3 62.7 65.2 31.3 27.0 22.8 22.9 Interest 12.3 11.3 9.5 8.2 6.6 5.7 4.9 3.9 PRIVATE CREDITORS 30.6 48.2 .93.6 88.2 83.4 73.3 60.4 8.7 Principal 10.9 24.8 70.8 69.4 69.4 64.4 56.4 7.9 Interest 19.7 23.4 22.8 18.8 14.0 8.9 4.0 0.8 232 SYRIAN ARAB REPUBLIC (l,S$ Mi !-I ons) 1972 1974 1976 1977 1978 1979 1980 1981 TOTAL DEBT OUTSTANDING DISBURSED ONLY TOTAL DEBT .. .. .. .. .. .. Public / Publicly Guar. 336.7 504.1 996.1 1,486.0 1,915.4 2,184.8 2,269.3 2,336.6 Private Non-guaranteed . . . .. .. . .. PUBLIC / PUBLICLY GUARANTEED DEBT DEBT OUTS. INC. UNDISB. 523.2 1,280.5 3,129.2 3,717.6 4,020.9 4,311.8 4,268.7 3,978.2 Official Creditors 458.5 1,048.9 2,916.1 3,494.9 3,820.0 4,108.2 4,086.2 3,845.7 Multilateral 22.3 160.7 365.1 464.9 585.5 640.7 650.0 690.6 IBRD - 88.0 249.1 319.1 436.6 465.2 462.7 443.0 IDA 22.3 47.2 48.4 48.3 48.2 48.1 48.0 47.9 Bilateral 436.2 88S.2 2,551.0 3,030.0 3,234.6 3,467.5 3,436.2 3,155.1 Private Creditors 64.8 231.7 213.1 222.7 200.9 203.7 182.5 132.4 Suppliers 64.8 200.2 183.2 i68.7 146.4 154.8 125.9 87.1 Financial Markets - 31.5 29.9 53.9 54.5 48.9 56.7 45.4 DEBT OUTS. DISB. (DOD) 336.7 504.1 996.1 1,486.0 1,915.4 2,184.8 2,269.3 2,336.6 Official Creditors 299.5 365.4 846.9 1,299.6 1,737.7 2,018.5 2,136.8 2,219.7 Multilateral 7.1 8.2 68.9 136.2 179.0 250.6 311.0 352.4 IBRD - - 26.6 72.3 102.9 158.1 215.3 245.6 IDA 7.1 8.2 21.i 30.1 38.9 40.5 42.1 45.1 Bilateral 292.4 357.2 778.0 1,163.4 1,558.6 1,768.0 1,825.7 1,867.3 Private Creditors 37.1 138.7 149.2 186.4 177.7 166.2 132.5 116.9 Supoliers 37.1 123.1 119.3 150.1 127.3 117.4 96.1 74.3 Financial Markets - 15.6 29.9 36.2 50.5 48.9 36.4 42.6 COMMITMENTS 119.2 663.1 1,177.9 623.8 423.1 581.1 298.5 142.0 Official Creditors 83.8 565.9 1,137.3 585.3 413.2 535.1 269.8 139.7 Multilateral 13.8 123.2 121.5 97.7 119.0 57.7 26.4 84.6 IBRD - 88.0 80.5 70.0 119.0 30.0 - 15.6 IDA 13.8 10.0 - - - - - - Bilateral 70.0 442.7 1,015.7 487.7 294.2 477.4 243.4 55.1 Private Creditors 35.3 97.2 40.6 38.5 9.9 46.0 28.7 2.2 Suppliers 35.3 68.0 40.6 15.0 9.9 46.0 9.3 - Financial Markets - 29.2 - 23.5 - - 19.4 2.2 DISBURSEMENTS 77.9 134.5 408.7 547.7 581.2 549.4 397.4 416.7 Official Creditors 62.4 47.9 362.9 480.1 558.2 517.0 382.3 383.8 Multilateral 0.7 0.8 47.2 66.6 43.3 74.2 64.1 51.9 IBRO - - 23.0 45.7 32.1 56.6 59.8 36.7 IDA 0.7 0.8 10.3 9.1 9.0 1.7 1.7 3.1 Bilateral 61.7 47.1 315.6 413.5 514.8 442.8 318.2 331.9 Private Creditors 15.5 86.6 45.8 67.5 23.1 32.4 15.1 32.9 Suppliers 15.5 72.1 36.0 61.5 9.2 28.4 15.1 14.4 Financial Markets - 14.5 9.9 6.0 13.9 4.0 - 18.4 PRINCIPAL REPAYMENTS 35.3 61.8 84.8 80.4 187.5 284.8 298.4 303.3 Official Creditors 21.6 41.6 42.9 40.7 138.0 237.4 259.9 268.9 Multilateral - 0.1 0.0 0.1 1.4 2.6 3.9 8.4 IBRD - - - - 1.3 1.4 2.5 6.4 IDA - 0.1 0.0 0.1 0.1 0.1 0.1 0.1 Bilateral 21.6 41.4 42.8 40.6 136.7 234.8 256.0 260.5 Private Creditors 13.7 20.2 41.9 39.7 49.4 47.4 38.5 34.4 Suppliers 13.7 20.2 41.9 37.7 45.7 40.7 28.8 25.8 Financial Markets - - - 2.1 3.7 6.6 9.7 8.5 NET FLOWS 42.5 72.7 323.9 467.2 393.8 264.6 98.9 113.4 Official Creditors 40.7 6.3 320.0 439.4 420.1 279.6 122.4 114.9 Multilateral 0.7 0.7 47.2 66.5 42.0 71.5 60.2 43.5 IBRD - - 23.0 45.7 30.8 55.2 57.2 30.3 IDA 0.7 0.7 10.2 9.0 8.9 1.6 1.6 3.0 Bilateral 40.1 5.7 272.8 372.9 378.2 208.0 62.1 71.4 Private Creditors 1.8 66.4 4.0 27.8 -26.4 -15.0 -23.4 -1.5 Suppliers 1.8 51.9 -5.9 23.9 -36.5 -12.4 -13.8 -11.4 Financial Markets - 14.5 9.9 3.9 10.2 -2.6 -9.7 9.9 INTEREST PAYMENTS(INT) 6.7 10.9 23.2 29.4 83.4 97.8 103.7 107.S Official Creditors 5.0 6.8 15.8 20.9 70.1 85.9 92.6 99.3 Multilateral 0.1 0.1 1.5 5.0 8.0 14.7 20.0 26.5 IBRD - - 1.3 4.1 7.1 13.1 18.4 20.8 IDA 0.1 0.1 0.0 0.2 0.3 0.3 0.3 0.3 Bilateral 4.9 6.7 14.3 15.9 62.1 71.3 72.5 72.7 Private Creditors 1.8 4.1 7.5 8.6 13.3 11.8 11.2 8.3 Suppliers 1.8 4.1 7.0 6.9 10.7 9.4 8.8 6.2 Financial Markets - - 0.4 1.6 2.6 2.4 2.3 2.1 233 SYRIAN ARAB REPUBLIC (USs Mil'lions) 1972 1974 1976 1977 1978 1979 1980 1981 NET TRANSFERS 35.8 61.8 300.7 437.8 310.3 166.8 -4.8 5.9 Official Creditors 35.7 -0.5 304.2 418.5 350.0 193.6 29.8 15.6 Multilateral 0.6 0.6 45.7 61.5 34.0 56.9 40.2 17.0 IBRD - - 21.6 41.6 23.8 42.1 38.8 9.6 IDA 0.6 0.6 10.2 8.8 8.6 1.3 1.2 2.7 Bilateral 35.1 -1.0 258.5 357.0 316.1 136.8 -10.4 -1.4 Private Creditors 0.1 62.3 -3.5 19.3 -39.7 -26.8 -34.6 -9.8 Suppliers 0.1 47.8 -12.9 17.0 -47.2 -21.8 -22.6 -17.6 Financial Markets - 14.5 9.4 2.3 7.6 -5.1 -12.0 7.8 TOTAL DEBT SERVICE(TDS) 42.1 72.6 108.0 109.9 270.9 382.6 402.2 410.8 Official Creditors 26.6 48.4 58.7 61.6 208.1 323.4 352.5 368.2 Multilateral 0.1 0.2 1.5 5.1 9.4 17.3 23.9 34.9 IBRD - - 1.3 4.1 8.3 14.5 20.9 27.2 IDA 0.1 0.2 0.1 0.4 0.4 0.4 0.4 0.4 Bilateral 26.6 A8.1 57.1 56.5 198.7 306.1 328.6 333.3 Private Creditors 15.4 24.3 49.4 48.3 62.8 59.2 49.7 42.6 Suppliers 15.4 24.3 48.9 44.6 56.5 50.1 37.7 32.0 Financial Markets - - 0.4 3.7 6.3 9.1 12.0 10.7 AVERAGE TERMS: PUBLIC DEBT NEW COMMITMENTS ALL CREDITORS Irterest (%) 3.6 5.0 4.3 4.4 4.5 3.7 4,1 4.4 Maturity (years) 18.3 16.5 18.5 16.1 20.2 19.1 14.3 17.1 Grace Period (years) 5.5 4.5 4.7 4.1 5.8 4.9 4.8 4.8 Grant Element (%) 40.7 28.2 34.6 30.7 36.7 38.2 32.7 34.3 OFFICIAL CREDITORS Interest (%) 2.3 4.6 4.2 4.2 4.4 3.5 3.8 4.4 Maturity tyears) 21.9 18.0 16.9 16.8 20.5 t9.8 15.2 17.2 Grace Period (years) 6.8 4.8 4.8 4.3 5.8 5.1 5.1 4.9 Grant Element (%) 52.4 31.5 35.6 32.1 37.3 40.3 35.2 34.5 PRIVATE CREDITORS Interest (%) 6.8 7.4 8.0 6.3 7.1 6.5 7.0 5.6 Maturity years) 9.7 7.8 7.1 6.0 6.8 10.4 6.2 10.7 Grace Period (years) 2.2 2.7 2.0 1.6 2.0 2.0 1.8 1.7 Grant Element (%) 13.0 8.7 6.5 10.3 9.1 13.6 9.1 18.2 MAJOR ECONOMIC AGGREGATES (U.S. $ MILLIONS) Gross Nat. Product (GNP) 2,489 4.362 6,524 7,048 8,455 10,099 13,016 15,579 Exports of G. & S. (XGS 510 1,187 1,433 1,546 1,514 2,230 2,705 Imports of G. & S. (MGS 527 1,436 2,607 2,856 2.763 3.769 4,865 Intl. Reserves (RES) 157 613 399 618 565 1.007 828 622 PRINCIPAL RATIOS DOD/XGS % 66.0 42.5 69.5 96.1 126.5 98.0 83.9 DOD/GNP % 13.5 11.6 15.3 21.1 22.7 21.6 17.4 15.0 TDS/XGS % 8.2 6.1 7.5 7.1 17.9 17.2 14.9 TDS/GNP % 1.7 1.7 1.7 1.6 3.2 3.8 3.1 2.6 INT/XGS % 1.3 0.9 1.6 1.9 5.5 4.4 3.8 INT/GNP % 0.3 0.2 0.4 0.4 1.0 1.0 0.8 0.7 RES/DOD % 46.6 121.6 40.1 41.6 29.5 46.1 36.5 26.6 RES/MGS months) 3.6 5.1 1.8 2.6 2.5 3.2 2.0 MEMORANDA Proportion of Disbursed Debt Concessional Loans (%) 81.7 68.5 58.9 58.8 63.4 63.2 66.7 69.5 Var. Int. Rate Loans - - - - - - - - Use of IMF Credit(US$ mil ) 24.6 6.6 - - - 1.0 - - 1982 1983 1984 1985 1986 1987 1988 1989 PROJECTED PUBLIC DEBT SERVICE TOTAL DEBT SERVICE 452.5 497.2 472.4 414.2 374.5 362.0 307.7 294.5 Principal 346.5 386.9 364.3 311.0 276.4 273.2 229.2 223.9 Interest 106.0 110.3 108.0 103.3 98.1 88.7 78.5 70.6 OFFICIAL CREDITORS 403.6 460.6 449.8 399.2 366.5 356.4 302.8 290.1 Principal 305.2 355.5 345.3 298.4 270.1 269.1 225.4 220.4 Interest 98.4 105.1 104.5 100.8 96.4 87.3 77.4 69.7 PRIVATE CREDITORS 48.9 36.6 22.6 15.1 8.0 5.5 4.8 4.4 Principal 41.4 31.4 19.1 12.6 6.3 4.2 3.7 3.6 Interest 7.6 5.2 3.5 2.4 1.7 1.4 1.1 0.9 234 TUNISIA (US$ Millions) 1972 1974 1976 1977 1978 1979 1580 1981 TOTAL DEBT OUTSTANDING DISBURScD ONLY TOTAL DEBT .. .. .. .. .. Public / Publicly Guar. 693.7 921.9 1,166.2 1,841.1 2,421.8 2,996.4 3,193.9 3,181.6 Private Non-guaranteed . .. .. .. .. .. PUBLIC / PUBLICLY GUARANTEED DEBT DEBT OUTS. INC. UNDISB. 1,083.1 1,478.8 2,275.7 3,178.6 3,958.8 4,891.1 4,910.0 4,598.7 Official Creditors 875.3 1,232.4 1,855.1 2,319.8 2,667.4 3,166.7 3,483.3 3,462.3 Multilateral 199.6 308.0 427.2 537.0 608.5 762.9 972.8 1,103.5 IBRD 135.1 215.° 299.2 368.6 423.9 509.2 666.1 774.1 IDA 60.6 70.7 75.0 72.0 70.8 70.5 70.1 69.8 Bilateral 675.7 924.4 1,427.9 1,782.7 2,058.9 2,403.8 2,510,5 2,358.8 Private Creditors 207.8 246.5 420.6 859.1 1,291.4 1,524.4 1,426.7 1,136.5 Suppliers 73.4 58.S 99.8 186.8 214.2 254.9 231.5 200.3 Financial Markets 124.2 179.1 315.4 667.4 1,072.9 1,266.0 1,192.9 935.1 DEBT OUTS. DISB. (DOD) 693.7 921.9 1,166.2 1,841.1 2,421.8 2,996.4 3,193.9 3,181.6 Cfficial Creditors 535.9 758.1 971.6 1,314.4 1,565.1 1,830.7 2,029.1 2,181.7 Multilateral 82.7 134.3 234.6 285.0 327.1 379.9 452.2 515.1 IBRD 52.2 88.6 127.9 167.3 189.4 232.0 269.0 319.5 IDA 28.2 42.7 64.1 66.8 67.4 67.3 67.9 68.1 Bilateral 453.2 623.8 737.0 1,029.4 1,238.0 1,450.8 1,576.9 1,666.5 Private Creditors 157.8 163.8 194.6 526.7 856.7 1,165.8 1,164.8 999.9 Suppliers 60.9 53.8 76.3 122.9 139.1 174.2 165.4 148.3 Financial Markets 86.9 101.5 112.9 399.1 713.3 988.1 997.1 850.5 COMMITMENTS 187.3 224.6 636.3 903.2 693.3 847.6 613.9 387.2 Official Creditors 162.5 165.2 429.9 447.9 271.0 549.9 502.3 371.5 Multilateral 47.0 80.7 68.3 118.5 79.6 170.5 237.0 221.5 IBRD 36.0 64.1 60.0 77.5 67.0 99.0 171.0 164.6 IDA 10.0 - 4.8 - - - - 4.8 Bilateral 115.6 84.5 361.6 329.4 191.4 379.4 265.3 150.0 Private Creditors 24.8 59.4 206.5 455.3 422.3 297.7 111.7 15.8 Suppliers 7.3 2.3 38.8 95.5 37.9 74.8 4.3 15.8 Financial Markets 17.5 57.2 167.7 359.7 384.4 222.9 107.3 - DISBURSEMENTS 140.0 143.8 229.5 715.0 580.0 643.8 539.5 536.4 Official Creditors 114.4 110.5 169.4 353.1 229.0 266.2 348.1 426.7 Multilateral 21.1 29.6 64.4 60.0 51.5 69.9 93.8 102.4 IBRD 15.5 23.5 25.3 47.5 33.0 55.4 51.1 69.4 IDA 5.2 6.1 8.9 5.6 1.8 0.2 1.0 5.4 Bilateral 93.3 80.9 105.0 293.1 177.5 196.2 254.2 324.3 Private Creditors 25.6 33.3 60.1 361.8 351.0 377.7 191.4 109.6 Suppliers 1.8 9.6 18.8 56.2 28.2 65.3 25.4 25.6 Financial Markets 23.8 23.7 41.3 305.6 322.8 312.4 166.0 84.1 PRINCIPAL REPAYMENTS 71.9 60.7 61.7 88.5 114 4 149.6 211.2 307.7 Official Creditors 21.9 32.2 39.0 44.3 52.1 67.6 72.8 134.1 Multilateral 2.7 5.0 7.6 11.4 12.7 17.6 19.4 30.9 IBRD 2 7 4.9 7.2 8.1 10.8 12.8 14.1 18.9 IDA 0.0 0.1 0.1 2.9 1.2 0.3 0.4 5.2 Bilateral 19.2 27.2 31.4 32.9 39.5 50.0 53.4 103.1 Private Creditors 50.0 28.6 22.7 44.2 62.2 82.0 138.4 173.6 Suppliers 19.5 17.0 9.6 17.1 26.9 29.3 31.7 31.4 Financial Markets 29.5 10.6 12.2 26.3 34.5 51.8 105.8 141.5 NET FLOWS 68.1 83.1 167.8 626.4 465.6 494.3 328.3 228.7 Official Creditors 92.5 78.4 130.4 308.9 176.9 198.6 275.3 292.7 Multilateral 18.4 24.6 56.8 48.6 38.8 52.3 74.4 71.5 IBRD 12.8 18.6 18.1 39.4 22.2 42.6 37.0 50.5 IDA 5.2 6.0 8.8 2.7 0.6 -0.1 0.6 0.3 Bilateral 74.2 53.7 73.6 260.3 138.0 146.3 200.9 221.2 Private Creditors -24.4 4.7 37.4 317.6 288.7 295.7 53.0 -64.0 Suppliers -17.7 -7.4 9.2 39.1 1.3 36.0 -6.3 -5.8 Financial Markets -5.7 13.1 29.1 279.3 288.3 260.6 60.3 -57.4 INTEREST PAYMENTS(INT) 23.2 30.2 36.9 55.4 98.5 162.2 215.6 209.2 Official Creditors 14.3 21.4 28.0 36.0 56.C 71.8 84.1 80.8 Multilateral 3.6 6.3 10.7 16.1 19.7 23.8 28.1 30.7 IBRD 3.3 5.9 9.2 13.3 15.9 19.2 22.5 23.7 IDA 0.2 0.3 0.4 0.5 0.5 0.5 0.5 0.5 Bilateral 10.8 15.1 17.2 19.9 36.2 48.0 55.9 50.1 Private Creditors 8.9 8.8 9.0 19.4 42.6 90.4 131.5 128.4 Suppliers 4.1 4.1 4.0 7.9 12.2 14.6 23.7 10.3 Financial Markets 4.2 4.3 4.6 11.2 30.2 75.7 107.6 118.0 TUNISIA (US$ ri1lions) 1972 1974 1976 1977 197S 1979 1980 1981 NET TRANSFERS 44.9 52.9 130.9 571.0 367.1 332.0 112.7 19.5 Official Creditors 78.2 56.9 102.5 272.8 120.9 126.8 191.2 211.8 Multilateral 14.8 18.3 46.1 32.5 19.1 28.5 46.3 40.7 IBRD 9.6 12.7 8.8 26.1 6.3 23.4 14.5 26.9 IDA 5.0 5.8 8.3 2.2 0.1 -0.6 0.1 -0.3 Bilateral 63.4 38.7 56.4 240.3 101.8 98.3 144.9 171.1 Private Creditors -33.3 -4.1 28.5 298.2 246.2 205.2 -78.5 -192.3 Suppliers -21.9 -11.5 5.2 31.1 -10.8 21.4 -30.1 -16.1 Financial Markets -10.0 8.8 24.4 268.1 258.1 184.9 -47.4 -175.5 TOTAL DEBT SERVICE(TDS) 95.1 91.0 98.6 144.0 212.9 311.8 426.8 516.9 Official Creditors 36.2 53.6 67.0 80.3 108.1 139.4 156.8 214.9 Multilateral 6.3 11.3 18.4 27.5 32.4 41.4 47.5 61.7 IBRD 6.0 10.8 16.5 21.4 26.7 32.0 36.6 42.6 IDA 0.2 0.4 0.6 3.4 1.7 0.8 0.9 5.7 Bilateral 29.9 42.3 48.6 52.8 75.7 98.0 109.3 153.3 Private Creditors 58.9 37.4 31.7 63.6 104.8 172.4 270.0 302.0 Suppliers 23.7 21.1 13.6 25.0 39.1 43.9 55.4 41.6 Financial Markets 33.8 14.9 16.9 37.5 64.7 127.4 213.4 259.5 AVERAGE TERMS: PUBLIC DEBT NEW COMMITMENTS ALL CREDITORS Interest (%) 3.5 5.4 5.4 6.3 7.3 7.1 6.9 7.1 Maturity years) 26.8 20.2 16.6 15.8 13.4 15.8 17.5 18.6 Grace Period (years) 7.2 4.9 4.9 4.3 4.0 4.4 5.1 4.9 Grant Element (%) 48.8 30.0 29.2 22.8 16.5 18.7 22.3 18.3 OFFICIAL CREDITORS Interest (%) 3.3 5.0 4.3 4.9 4.8 5.6 6.0 7.2 Maturity (years) 29.5 23.3 20.4 20.9 18.9 19.4 19.3 18.8 Grace Pericd (years) 8.0 5.7 6.2 5.5 5.3 5.1 5.7 4.9 Grant Element (%) 53.7 35.1 39.6 35.0 34.8 28.6 27.2 18.2 PRIVATE CREDITORS Interest (%) 5.2 6.5 7.9 7.6 8.9 9.8 11.2 6.0 Maturity years) 8.9 11.5 8.6 10.7 9.9 9.2 9.4 13.7 Grace Period (years) 2.0 2.7 2.3 3.1 3.3 3.0 2.7 4.2 Grant Element (%) 16.7 15.7 7.5 10.8 4.9 0.4 0.7 21.5 MAJOR ECONOMIC AGGREGATES (U.S. $ MILLiONS) Gross Nat. Product (GNP) 2,242 3,497 4,446 5,088 5,965 7,234 8,713 8,163 Exports of G. & S. (XGS) 626 1,375 1,471 1.511 1.892 2,888 3.370 Imports of G. & S. (MGS) 663 1,352 1,930 2,135 2,399 3,257 3,793 Intl. Reserves (PES) 226 437 383 376 479 667 700 610 PRINCIPAL RATIOS DOD/XGS (%) 110.7 67.1 79.3 121.9 128.0 103.8 94.8 DDD/GNP l%) 30.9 26.4 26.2 36.2 40.6 41.4 36.7 39.0 TDS/XGS (%i 15.2 6.6 6.7 9.5 11.3 10.8 12.7 TDS/GNP %) 4.2 2.6 2.2 2.8 3.6 4.3 4.9 6.3 INT/XGS %) 3.7 2.2 2.5 3.7 5.2 5.6 6.4 INT/GNP %) 1.0 0.9 0.8 1.1 . 1.7 2.2 2.5 2.6 RES/DOD (%) 32.6 47.4 32.9 20.4 19.8 22.2 21.9 19.2 RES/MGS (months) 4.1 3.9 2.4 2.1 2.4 2.5 2.2 MEMORANDA Proportion of Disbursed Debt Concessional Loans (%) 65.1 67.2 64.9 52.0 48.0 43.6 44.2 48.0 Var. Int. Rate Loans (%) - - - 11.0 16.8 15.1 14.8 13.3 Use of IMF Credit(US$ mil) - - - 29.2 31.3 31.6 - - 1982 1983 1984 1985 1986 1987 1988 1989 PROJECTED PUBLIC DEBT SERVICE TOTAL DEBT SERVICE 514.9 552.7 542.0 504.2 475.2 410.9 391.8 369.5 Principal 314.5 355.6 359.5 339.1 329.0 282.9 276.9 267.8 Interest 200.4 197.1 182.4 165.0 146.1 128.0 114.9 101.7 OFFICIAL CREDITORS 206.0 263.6 293.4 311.0 329.6 326.8 323.5 312.7 Principal 112.2 152.5 175.0 191.5 214.4 218.9 223.7 222.3 Interest 93.8 111.1 118.3 119.5 115.2 107.9 99.7 90.4 PRIVATE CREDITORS 308.8 289.2 248.6 193.1 145.6 84.1 68.4 56.9 Principal 202.3 203.1 184.5 147.6 114.7 64.0 53.2 45.5 Interest 106.6 86.1 64.1 45.5 31.0 20.1 15.2 11.4 236 YEMEN ARAB REPUBLIC (USs Mi; !ions) 1972 1974 1976 1977 1978 1979 1980 1981 TOTAL DEBT OUTSTANDING DISBURSED ONLY TCTAL DEBT .. . .. .. .. Public / Publicly Guar . 230.2 269.1 339.6 469.8 472.6 876.4 1.093.8 Private Non-guaranteed .. . .. .. .. .. .. PUBLIC / PUBLICLY GUARANTEED DEBT DEBT OUTS. INC. UNDISB. .. 380.3 585.3 793.3 1,088.9 1,461.6 1,631.8 1,746.9 Official Creditors . 375.2 582.1 771.4 1,065.2 1,437.9 1,612.3 1,722.5 Multilateral .. 62.8 152.7 222.1 264.6 314.7 402.4 459.0 IBRD - - O - - IDA .. 38.2 93.8 109.8 148.8 178.8 217.8 238.6 Bilateral .. 312.3 429.4 549.3 800.6 1,123.2 1,210.0 1,263.5 Private Creditors .. 5.1 3.1 21.9 23.7 23.7 19.5 24.4 Suppliers .. 5.1 3.1 2.4 1.7 0.9 - - Financial Markets .. - - 19.5 22.0 22.8 19.5 24.4 DEBT OUTS. DISB. (DOD) .. 230.2 269.1 339.6 469.8 472.6 876.4 1,093.8 Official Creditors .. 225.1 265.9 337.3 465.6 463.1 861.0 1,080.2 Multilateral .. 13.0 40.1 68.5 101.4 132.4 168.3 212.6 IBRD _ _ IDA .. 2.1 27.0 43.9 66.0 79.8 101.9 119.3 Bilateral .. 212.1 225.8 268.7 364.2 330.7 692.7 867.6 Private Creditors .. 5.l 3.1 2.4 4.2 9.5 15.3 13.6 Suppliers .. 5.1 3.1 2.4 1.7 0.9 - - Financial Markets .. - - - 2.5 8.6 15.3 13.6 COMMITMENTS .. 48.1 153.7 181.8 248.2 486.0 176.1 220.3 Official Creditors .. 48.1 153,7 162.9 248.2 486.0 176.1 209.8 Multilateral .. 33.1 41.4 66.9 39.4 57.6 89.4 67.9 IBRO IDA . . 8.6 28.5 16.0 39.0 37.0 39.4 23.2 Bilateral .. 15.0 112.3 96.0 208.8 428.4 86.7 141.9 Private Creditors - - 18.9 - - - 10.6 Suppliers - _ Financial Markets .. - - 18.9 - - - 10.6 DISBURSEMENTS .. 52.1 46.5 57.6 110.1 102.5 417.0 293.6 Official Creditors .. 52.1 46.5 57.6 107.8 96.8 407.9 290.2 Multilateral .. 12.0 18.5 28.2 32.4 31.3 37.0 48.7 IBRD . 7 1 2 1 2 1 IDA 1.2 17.9 16.9 22.2 13.7 22.2 17.3 Bilateral . 40.1 28.0 29.5 75.4 65.6 370.9 241.5 Private Creditors .. - - - 2.2 5.6 9.1 3.4 Suppliers . - - - Financial Markets - - - 2.2 5.6 9.1 3.4 PRINCIPAL REPAYMENTS .. 9.1 6.2 7.4 6.2 8.0 12.6 48.8 Cfficial Creditors .. 8.8 5.1 6.3 5.3 7.1 10.9 46.9 Multilateral . - - - - 0.3 1.3 2.3 IBRD _ _ IDA ' - - - - - eilateral .. 8.8 5.1 6.3 5.3 6.7 9.6 44.7 Private Creditors .. 0.4 1.1 1.0 0.9 0.9 1.7 1.8 Suppliers .. 0.4 1.1 1.0 0.9 0.9 0.8 - Financial Markets - - - - - 0.9 1.8 NET FLOWS .. 43.0 40.3 50.3 103.9 94.5 404.4 244.9 Official Creditors .. 43.4 41.4 51.3 102.5 89.8 397.0 243.2 Multilateral .. 12.0 18.5 28.2 32.4 30.9 35.7 46.4 IBRD IDA .. 1.2 17.9 16.9 22.2 13.7 22.2 17.3 Bilateral .. 31.3 22.9 23.1 70.1 58.9 361.3 196.8 Private Creditors . -0.4 -1.1 -1.0 1.3 4.7 7.4 1.6 Suppliers .. -0.4 -1.1 -1.0 -0.9 -0.9 -0.8 - Financial Markets .. - - - 2.2 5.6 8.2 1.6 INTEREST PAYMENTS(INT) .. 0.8 1.0 1.5 3.7 4.5 5.5 1D.0 Official Creditors .. 0.7 0.9 1.5 3.5 4.0 4.6 9.2 Multilateral .. 0.0 0 1 0.4 1.0 1.8 2.5 3.1 IBRD 0 0 0 0 0 0 0 IDA 0.0 0.1 0.2 0.4 0.5 0.6 0.8 Bilateral .. 0.7 0.8 1.1 2.5 2.2 2.0 6.0 Private Creditors .. 0.1 0.0 0.0 0.2 0.5 0.9 0.8 Suppliers .. 0.1 0.0 0.0 - - - - Financial Markets .. - - - 0.2 0.5 0.9 0.8 YEMEN ARAB REPUBLIC (Liss Mr ii ,ors 1972 1974 1976 1977 1978 1979 1980 1981 NET TRANSFERS .. 42.2 39.3 48.7 100.1 90.0 398.8 234.9 OfFicial Creditors . 42.7 40.4 49.8 99.1 85.8 392.4 234.1 Multilateral 12.0 '8.4 27.8 31.4 29.1 33.1 43.3 IBRD - - - - - - IDA . 1.2 17.8 16.6 21.8 13.2 21.5 16.5 Bilateral .. 30.7 22.1 22.0 67.6 56.6 359.2 190.8 Private Creditors .. -0.5 -1.2 -1.1 1.1 4.3 6.5 0.8 Suppliers .. -0.5 -1.2 -1.1 -0.9 -0.9 -0.8 - Finanicial Markets .. - - - 2.0 5.2 7.3 0.8 TOTAL DEBT SERVICE(TDS) .. 9.9 7.2 8.9 9.9 12.5 18.1 58.7 Official Creditors .. 9.4 6.1 7.8 8.8 11.1 15.5 56.1 Multilateral .. 0.0 0.1 0.4 1.0 2.i 3.8 5.4 IBRD IDA -0.0 0. 0.2 0.4 0.5 0.6 0.8 Bilateral .. 9.4 6.0 7.5 7.8 9.0 11.6 50.7 Private Crecitors *- 0.5 1.2 1.1 1.1 1.4 2.6 2.6 Suppliers .. 0.5 1.2 1.1 0.9 0.9 0.8 - Financial Markets .. - - - 0.2 0.5 1.8 2.6 AVERAGE TERMS: PUBLIC DEBT NEW COMMITMENTS ALL CREDITORS Interest (%) .. 1.9 1.0 3.0 0.5 2.0 1.1 2.2 Maturity (years) .. 30.4 33.5 26.4 31.0 18.1 30.5 19.6 Grace Period (years) .. 9.2 8.4 6.5 9.0 3.5 6.3 4.2 Grant Element (°/) .. 65.1 72.8 51.6 76.6 43.0 65.5 48.0 OFFICIAL CREDITORS Interest (%) .. 1.9 1.0 2.5 05 2.0 1.1 1.9 Maturity (years) .. 30.4 33.5 28.0 31.0 18.1 30.5 20.3 Grace Period (years) .. 9.2 8.4 6.9 9.0 3.5 6.3 4.3 Grant Element (%) .. 65.1 72.8 56.2 76.6 43.0 65.5 50.0 PRIVATE CREDITORS Interest (%) .. - - 7.5 - - - 7.5 Maturity years) .. - - 12.5 - - - 6.8 Grace Period (years) .. - - 3.0 - - - 2.3 Grant Element I(%) .. - - 11.7 - - - 8.0 MAJOR ECONOMIC AGGREGATES (U.S. S MILLIONS) Gross Nat. Product (GNP) 460 751 1,269 1,658 2,110 2,619 3,086 3,1B4 Exports of G. & S. (XGS) .. 205 892 1.309 1,407 1,463 1,607 1,290 Imports of G. & S. (MGS) .. 263 698 1,166 1,546 2,004 2,486 2,323 Intl. Reserves (RES) .. 199 720 1,241 1,461 1,43t 1,287 964 PRINCIPAL RATIOS DOD/XGS (% , , 112.4 30.2 25.9 33.4 32.3 54.5 84.8 DOD/GNP t% .. 30.7 21.2 20.5 22.3 18.0 28.4 34.3 TDS/XGS q% .. 4.8 0.8 0.7 0.7 0.9 1.1 4.6 TDS/GNP (% .. 1.3 0.6 0.5 0.5 0.5 0.6 1.8 INT/XGS (% .. 0.4 0.1 0.1 0.3 0.3 0.3 0.8 INT/GNP % .. 0.1 0.1 0.1 0.2 0.2 0.2 0.3 RES/DOD % .. 86.3 267.6 365.4 310.9 302.7 146.8 88.2 RES/MGS months) .. 9.0 12.4 12.8 11.3 8.6 6.2 5.0 MEMORANDA Proportion of Disbarsed Debt Concessional Loans (%) .. 87.5 98.2 98.8 99.1 98.0 98.2 98.5 Var. Int. Rate Loans (%) - - - - - - Use of IMF Credit(JS$ mil) - - - - - - - - 1982 1983 1984 1985 1988 1987 1S88 198S PROJECTED PUBLIC DEBT SERVICE TOTAL DEBT SERVICE S68.8 85.0 104.7 106.8 108.2 109.8 113.5 115.2 Principal 51.0 66.3 84.5 86.8 89.1 92.2 97.6 101.1 Interest 15.8 18.7 20.2 20.0 19.0 17.6 15.9 14.0 OFFICIAL CREDITORS 64.1 82.1 93.6 101.8 103.5 105.3 109.3 113.4 Principal 49.4 64.7 80.7 83.1 85.4 88.4 93.9 99.5 Interest 14.7 17.3 1B.8 18.8 18.1 16.9 15.5 13.9 PRIVATE CREDITORS 2.7 3.0 5.1 5.0 4.7 4.4 4.2 1.8 Principal 1.6 1.6 3.8 3.8 3.8 3.8 3.8 1.6 Interest 1.1 1.4 1.4 1.2 1.0 0.7 0.4 0.2 238 YEMEN, PEOPL.E'S DEMOCRATIC REPUBLIC OF (US$ Mi I ions) 1972 1974 1978 1977 1978 1979 1980 1981 TOTAL DEBT OUTSTANDING DISBURSED ONLY TOTAL DEBT .. .. .. .. .. Public / Publicly Guar. 19.9 76.3 139.2 240.2 330.0 403.2 498.9 639.8 Private Non-guaranteed .. .. .. .. .. .. . PUBLIC / PUBLICLY GUARANTEED DEBT DEBT OUTS. INC. UNDISB. 149.2 243.8 371.0 435.4 579.9 890.7 1,240.7 1,270.9 Official Creditcrs 149.2 243.8 371.0 435.4 579.9 890.7 1,240.7 1,270.9 Multilateral 2.2 31.2 94.3 101.9 137.3 187.8 241.0 287.9 IBRD - - - - - - - - IDA 2.2 11.2 37.9 37.9 53.3 63.3 85.5 106.7 Bilateral 147.0 212.6 276.6 333.6 442.6 702.9 999.7 983.0 Private Creditors - - - - - - - - Suppliers - - - - - - - Financial Markets - - - - - - - - DEBT OUTS. DISB. (DOD) 19.9 76.3 139.2 240.2 330.0 403.2 498.9 639.8 Official Creditors 19.9 76.3 139.2 240.2 330.0 403.2 498.9 639.8 Multilateral 0.5 2.0 13.3 23.7 62.6 84.2 116.6 134.7 IBRO - - - - - - - - IDA 0.5 2.0 10.7 15.0 23.0 29.3 35.1 44.1 Bilateral 19.4 74.3 125.9 216.5 267.3 319.0 382.3 505.1 Private Creditors - - - - - - - - Suppliers _ _ Financial Markets - - - - - - - - COMMITMENTS 39.8 60.2 112.4 51.4 119.7 93.6 359.1 85.6 Officiai Creoitors 39.8 60.2 112.4 51.4 119.7 93.6 359.1 85.6 Multilateral 0.6 25.2 29.2 6.0 28.7 56.0 57.9 56.1 IBRD - - - - - - IDA 0.6 5.4 7.0 - 15.4 10.0 22.2 23.4 Bilateral 39.3 35.0 83.2 45.4 90.9 37.5 301.2 29.6 Private Creditors - - - - - - - - Suppliers - - _ _ _ _ _ Financial Markets - - - - - - - DISBURSEMENTS 17-.3 25.0 63.2 90.0 71.6 45.9 100.7 190.0 Official Creditors 17.3 25.0 63.2 90.0 71.6 45.9 100.7 190.0 Multilateral 0.3 0.9 9.7 10.1 33.8 27.2 34.7 24.1 IBRD - - - - - - - - IDA 0.3 0.9 8.0 4.4 7.9 6.3 5.8 9.7 Bilateral 17.0 24.2 53.5 79.9 37.8 18.8 66.0 166.0 Private Creaitors - - - - - - - - Suppliers - _ _ _ _ _ Financial Markets - - - - - - - - PRINCIPAL REPAYMENTS - - - 0.0 0.8 4.4 6.1 32.2 Official Creditors - - - 0.0 0.8 4.4 6.1 32.2 Multilateral - - - - 0.3 1.6 1.2 3.5 IBRG - - - - - - - - IDA - - - - - - - 0.0 Bilateral - - - 0.0 0.5 2.8 4.9 28.7 Private Creditors - - - - - - - - Suppliers - - - _ _ Financial Markets - - - - - - - NET FLOWS 17.3 25.0 63.2 90.0 70.8 41.6 94.6 157.9 Official Creditors 17.3 25.0 63.2 90.0 70.8 41.6 94.6 157.9 Multilateral 0.3 0.9 9.7 10.1 33.5 25.6 33.5 20.6 IBRD - - - - - - - - IDA 0.3 0.9 8.0 4.4 7.9 6.3 5.8 9.7 Bilateral 17.0 24.2 53.5 79.9 37.3 16.0 61.1 137.3 Private Creditors - - - - - - - - Suppliers - - Financial Markets - - - - - - - - INTEREST PAYMENTS(INT) 0.0 0.1 0.1 0.4 1.0 2.3 6.6 5.3 Official Creditors 0.0 0.1 0.1 0.4 1.0 2.3 6.6 5.3 Multilateral 0.0 0.0 0.0 0.1 0.5 1.5 3.0 1.7 IBRD - - - - - - - - IDA 0.0 0.0 0.0 0.1 0.1 0.2 0.2 0.3 Bilateral 0.0 0.1 0.1 0.3 0.6 0.8 3.6 3.6 Private Creditors - - - - - - - - Suppliers - - _ _ _ Financial Markets - - - - - - - - 239 YEMEN, PEOPLE'S DEMOCRATIC REPUBLIC OF (USS Millions) 1972 1974 1976 1977 1978 1979 1980 1981 NET TRANSFERS 17.3 24.9 63.1 89.6 69.8 39.3 88.0 152.6 0f1icial Creditors 17.3 24.9 63.1 89.6 69.8 39.3 88.0 152.6 Multilateral 0.3 0.9 9.7 10.0 33.1 24.1 30.5 18.9 IBRD - - - - - - - IDA 0.3 0.9 8.0 4.3 7.8 6.2 5.6 9.4 Bilateral 17.0 24.0 53.4 79.6 36.7 15.2 57.5 133.7 Private Creditors - - - - - - - - Suppliers - - - - - - - - Financial Markets - - - - - - - - TOTAL DEBT SERVICE(TDS) 0.0 0.1 0.1 0.4 1.8 6.7 12.7 37.4 OfFicia' Creditors 0.0 0.1 0.1 0.4 1.8 6.7 12.7 37.4 Multilateral 0.0 0.0 0.0 0.1 0.7 3.1 4.2 5.2 IBRD - - - - - - - - IDA 0.0 0.0 0.0 0.1 0.1 0.2 0.2 0.3 Bilateral 0.0 0.1 0.1 0.3 1.1 3.6 8.5 32.3 Private Creditors - - - - - - - - Suppliers - _ _ _ Financial Markets - - - - - - - AVERAGE TERMS: PUBLIC DEBT NEW COMMITMENTS ALL CREDITORS Interest (%) 1.1 2.1 2.1 1.8 0.9 1.6 2.6 2.3 Maturity (years) 23.2 28.3 19.6 20.3 19.6 21.3 17.2 29.1 Grace Period (years) 7.1 6.8 3.6 5.4 6.3 5.3 3.9 6.6 Grant Element (%) 64.4 59.1 48.5 54.0 57;9 54.0 42.6 57.8 OFFICIAL CREDITORS Interest (%) 1.1 2.1 2.1 1.8 0.9 1.6 2.6 2.3 Maturity (years) 23.2 28.3 19.6 20.3 19.6 21.3 17.2 29.1 Grace Period (Years) 7.1 6.8 3.6 5.4 6.3 5.3 3.9 6.6 Grant Element (%) 64.4 59.1 48.5 54.0 57.9 54.0 42.6 57.8 PRIVATE CREDITORS Interest (%) - - - - - - - - Maturity (years) - - - - - - - - Grace Period (years) - - - - - - - - Grant Element (%) - - - - - - - - MAJOR ECONOMIC AGGREGATES (U.S. $ MILLIONS) Gross Nat. Product (GNP. 332 413 540 621 738 852 973 Excorts of G. & S. (XGS 102 107 213 283 358 435 525 Imports of G. & S. MGS 130 220 309 421 445 491 746 Intl. Reserves (RES 68 70 84 104 195 231 258 271 PRINCIPAL RATIOS DOD/XGS (% 19.6 71.4 65.5 84.8 92.1 92.8 95.1 DODDGNP % . 23.0 33.7 44.5 53.1 54.6 58.6 65.8 TDS'XGS % 0.1 - 0.1 0.5 1.5 2.4 TDS/GNP (% .. - - 0.1 0.3 0.9 1.5 3.8 INT/XGS % - 0.1 - 0.1 0.3 0.5 1.3 INT/GNP %.. - - 0.1 0.2 0.3 0.8 0.5 RES/DOD % 339.5 91.6 60.2 43.4 S9 0 57.3 51-8 42.4 RES/MGS months) 6.2 3.8 3.3 3.0 5.2 5.6 4.2 MEMORANDA Proportion of Disbursed Debt Concessional Loans (%) 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 Var. Int. Rate Loans (% _ _ _ _ _ Use of IMF Credit(US$ mil - 11.4 42.8 44.7 41.5 24.0 12.5 4.4 1982 1883 1984 1985 1986 1987 1988 1989 PROJECTED PUBLIC DEBT SERVICE TOTAL DEBT SERVICE 48.2 98.3 104.3 112.1 116.6 116.4 114.4 111.3 Principal 40.5 87.5 91.7 99.7 105.0 106.0 105.3 103.7 Interest 7.7 10.8 12.6 12.4 11.6 10.3 9.1 7.6 OFFICIAL CREDITORS 48.2 98.3 104.3 112.1 116.6 116.4 114.4 111.3 Principal 40.5 87.5 91.7 99.7 105.0 106.0 105.3 103.7 Interest 7.7 10.8 12.6 12.4 11.6 10.3 9.1 7.6 PRIVATE CREDITORS - - - - - - - - Principal - - - - - - - - Interest - 240 SOUTH ASIAi (US$ Mi1lions) 1972 1974 1976 1977 1978 1979 1980 1981 TOTAL DEBT OUTSTANDING DISBURSED ONLY TOTAL DEBT 14,318.3 18,131.6 22,375.4 25,113.4 27,827.8 29,029.5 32,837.2 34,358.0 Public / Publicly Guar. 14,208.3 18,003.1 22,257.5 24,986.9 27,674.8 28,897.9 32,705.7 34,179.0 Private Non-guaranteed 110.0 128.5 117.9 126.5 153.0 131.6 131.5 179.0 PUBLIC / PUBLICLY GUARANTEED DEBT DEBT OUTS. INC. UNDISB. 18,063.3 24,617.2 29,360.6 33,644.9 38,223.1 40,240.0 48,421.9 51,809.7 Official Creditors 16,928.0 23,323.8 28,155.2 32,318.9 36,862.1 38,735.6 45,379.8 48,703.0 Multilateral 4,024.5 6,245.2 8,496.0 10,291.3 13.039.8 14.887.8 19,375.2 22,281.5 IBRD 998.0 1,169.1 1,507.6 1,719.6 1,888.1 2,026.8 2,220.1 2,859.0 IDA 2,882.0 4.693.8 6,044.1 7,217.5 9,222.1 10,220.9 12,974.5 14,755.3 Bilateral 12,903.5 17,078.6 19,659.3 22,027.5 23,822.3 23,847.8 26,004.6 26,421.6 Private Creditors 1,135.3 1,293.4 1,205.4 1,326.0 1,361.0 1,504.4 3,042.1 3,106.7 Suppliers 988.1 1,058.7 844.2 869.3 857.9 786.8 787.7 716.5 Financial Markets 147.2 234.7 361.2 456.7 503.1 717.5 2,254.5 2,390.2 DEBT OUTS. DISB. (DOD) 14,208.3 18,003.1 22,257.5 24,986.9 27,674.8 28,897.9 32,705.7 34,179.0 Official Creditors 13,411.9 17,163.9 21,457.0 24,096.4 26,699.4 27,844.5 31,127.4 32,217.4 Multilateral 2,851.7 3,953.4 5,467.4 6,312.6 7,390.3 8,572.9 10,696.9 12,322.0 IBRD 843.4 836.7 866.9 957.6 1,068.1 1,154.7 1,241.8 1.574.8 IDA 1,985.8 3,059.9 4,392.5 4,922.5 5,441.7 6,279.2 7,210.8 8,322.2 Bilateral 10,560.2 13,210.5 15.989.6 17,783.8 19,309.1 19,271.6 20,430.5 19,895.4 Private Creditors 796.4 839.2 800.6 890.5 975.4 1,053.4 1,578.3 1,961.6 Suppliers 665.0 680.8 621.8 645.9 690.5 632.2 574.2 495.1 Financial Markets 131.4 158.4 178.8 244.6 284.9 421.2 1,004.1 1,466.5 COMMITMENTS 1,652.1 4,735.5 3,213.0 3,981.7 4,759.1 4,447.3 9,802.0 6,831.4 Official Creditors 1,471.8 4,428.6 2,904.8 3,740.3 4,555.9 4,090.4 7,982.5 6,324.6 Multilateral 448.8 1,425.7 1,006.1 1,919.5 2,874.5 2,019.1 4,987.9 3,303.3 BRD - 221.0 390.0 314.0 275.0 250.0 555.0 773.1 IDA 378.4 1,013.9 298.1 1,188.7 2,020.4 1,024.0 2,822.0 1,950.5 Bilateral 1,023.0 3,003.0 1,898.7 1,820.8 1,681.4 2,071.3 2,994.6 3,021.3 Private Creditors 180.3 306.9 308.2 241.5 203.3 356.9 1,819.5 506.8 Suppliers 177.8 190.3 188.4 128.5 1001.2 80.5 147.9 118.3 Financial Markets 2.5 116.6 119.8 113.0 102.0 276.4 1,671.6 388.4 DISBURSEMENTS 1,301.2 2,787.8 3,022.1 2,627.2 3,035.9 3,344.1 4,950.6 4,167.5 Official Creditors 1,188.7 2,505.4 2,790.5 2,394.0 2,782.0 3,052.1 4,180.3 3,437.1 Multilateral 283.9 645.8 944.3 957.1 1,189.7 1,319.5 2,311.9 1,866.1 IBRD 61.4 61.1 137.2 185.8 209.8 180.7 190.1 461.8 IDA 215.0 559.0 757.4 542.8 532.5 854.0 950.7 1,143.7 Bilateral 904.8 1.859.6 1,846.2 1,436.9 1,592.3 1,732.6 1,868.3 1,571.1 Private Creditors 112.5 282.4 231.6 233.2 254.9 292.0 770.3 730.4 Suppliers 95.8 201.8 178.3 139.2 157.0 90.7 84.6 95.1 Financial Markets 16.7 80.6 53.3 94.0 97.9 201.3 685.7 635.3 PRINCIPAL REPAYMENTS 530.6 687.8 807.0 870.5 945.5 1,089.6 1,136.6 1,149.2 Official Creditors 400.2 532.1 601.7 676.8 752.2 878.2 923.6 912.2 Multilateral 86.3 94.4 103.2 113.9 122.6 139.4 139.2 185 4 IBRD 83.8 86.1 82.5 95.1 99.4 94.1 103.1 128.8 IDA 2.0 7.0 15.5 12.8 13.3 16.5 19.1 29.7 Bilateral 313.8 437.7 498.6 562.9 629.7 738.8 784.5 726.8 Private Creditors 130.4 155.7 205.2 193.7 193.3 211.4 213.0 237.0 .Suppliers 102.7 123.8 171.5 156.0 145.6 148.0 136.1 123.7 Financial Markets 26.8 31.9 33.8 37.7 47.7 63.4 76.9 113.2 NET FLOWS 770.6 2,100.0 2,215.1 1,756.7 2,091.4 2,254.5 3,814.0 3,018.3 Official Creditors 788.5 1,973.3 2,188.7 1,717.2 2,029.8 2,173.9 3,256.7 2,524.9 Multilateral 197.6 551.4 841.1 843.2 1,067.1 1,180.1 2,172.8 1,680.7 IBRD -22.4 -24.9 54.7 90.7 110.5 86.6 87.1 333.0 IDA 213.0 552.0 741.9 530.0 519.2 837.6 931.6 1,114.0 Bilateral 590.9 1,421.9 1,347.7 874.0 962.7 993.8 1,083.9 844.2 Private Creditors -18.0 126.7 26.4 39.5 61.6 80.6 557.3 493.4 Suppliers -6.9 78.0 6.8 -16.8 11.4 -57.3 -51.5 -28.6 Financial Markets -10.1 48.7 19.5 56.3 50.2 138.0 608.9 522.0 INTEREST PAYMENTS(INT) 334.7 369.2 449.7 486.2 608.3 694.1 725.5 739.3 Official Creditors 295.7 326.1 405.3 445.5 546.7 623.4 633.2 573.7 Multilateral 71.3 80.0 111.2 112.1 146.8 174.0 185.5 197.9 IBRD 53.5 57.8 71.3 67.3 90.8 104.4 104.3 104.0 IDA 16.8 19.8 29.9 33.5 37.4 43.0 48.1 56.2 Bilateral 224.4 246.1 294.1 333.3 399.9 449.4 447.7 375.8 Private Creditors 39.0 43.1 44.4 40.7 61.6 70.6 92.3 165.5 Suppliers 30.3 34.3 34.8 30.9 38.7 38.9 36.0 30.0 Financial Markets 8.7 8.8 9.6 9.8 23.0 31.7 56.3 135.5 ~q1 SOUTH ASIAi (USS Mi 1l;ions) 1972 1974 1976 1977 1978 1979 1980 1981 NET TRANSFERS 435.9 1,730.8 1,765.4 1,270.5 1,483.0 1,560.5 3,08S.5 2,279.1 Official Creditors 492.8 1,647.2 1,783.4 1,271.7 1,483.1 1,550.5 2,623.4 1,951.2 Multilateral 126.3 471.3 729.9 731.0 920.3 1,006.2 1,987.3 1,482 8 IERD -75.9 -82.7 -16.6 23.4 19.6 -17.9 -17.2 229.0 IDA 196.3 532.2 712.0 496.5 481.8 794.6 883.5 1,057.9 Bilateral 366.5 1,175.8 1,053.5 540.7 562.8 544.3 636.2 468.4 Private Creditors -57.0 63.6 -18.0 -1.2 0.0 10.0 465.0 327.9 Suppliers -37.2 43.7 -27.9 -47.7 -27.3 -96.2 -87.6 -58.6 Financial Markets -18.8 39.9 10.0 46.5 27.3 106.2 552.6 386.5 TOTAL DEBT SERVICE(TDS) 865.3 1,057.1 1,256.6 1,356.7 1,553.9 1,783.6 1,862.1 1,888.5 Official Creditors 695.9 858.2 1,007.0 1,122.3 1,298.9 1,501.6 1,556.8 1,486.0 Multilateral 157.6 174.5 214.4 226.0 269.4 313.4 324.7 383.3 18RD 137.3 143.8 153.8 162.4 190.2 198.6 207.4 232.8 IDA 18.7 26.8 45.4 46.3 50.7 59.5 67.1 85.S 8ilateral 538.2 683.8 792.7 896.2 1,029.6 1,188.2 1,232.2 1,102.7 Private Creditors 169.5 198.8 249.6 234.5 254.9 282.0 305.3 402.5 Suppliers 133.0 158.1 206.2 187.0 184.2 186.9 172.1 153.7 Financial Markets 35.4 40.7 43.4 47.5 70.7 95.1 133.1 248.8 AVERAGE TERMS: PUBLIC DEBT NEW COMMITMENTS ALL CREDITORS Interest (%) 2.1 2.8 3.5 2.7 2.0 2.6 4.0 3.9 Maturity fyears) 32.0 28.9 28.2 34.6 38.3 32.7 30.4 32.9 Grace Period (years) 7.6 7.2 7.3 8.3 9.0 8.0 7.3 7.5 Grant Element (%) 61.4 54.7 49.9 60.0 67.1 59.3 50.2 51.7 OFFICIAL CREDITORS Interest (%) 1.8 2.4 3.1 2.4 1.7 2.0 1.9 3.2 Maturity (years) 34.5 30.4 30.4 36.1 39.6 34.7 35.2 34.8 Grace Period (years) 8.2 7.6 7.9 8.7 9.3 8.5 8.2 7.9 Grant Element (%) 66.2 58.2 54.6 63.1 69.7 64.6 65.1 56.8 PRIVATE CREDITORS Interest (%) 5.2 8.3 7.9 7.4 7.9 10.3 13.1 12.8 Maturity years) 11.9 7.0 7.4 10.8 9.3 9.6 9.5 9.3 Grace Period (years) 2.6 1.5 2.0 2.5 2.3 2.1 3.2 3.0 Grant Element (%) 22.1 4.7 6.1 11.9 9.6 -0.6 -15.7 -12.2 MAJOR ECONOMIC AGGREGATES (U.S. $ MILLIONS) Gross Nat. Product (GNP) 80.750 112,411 119.099 135.840 155.151 172,729 207,898 216,901 Exports of G. & S. (XGS 4,250 7,193 10,713 13.029 15,147 18,783 . . Imports of G. & S. (MGS 4,941 9,970 11,064 12,830 17,120 22,726 Intl. Reserves (RES) 2,189 3,593 5,084 7,638 10,169 14,489 14,873 10,667 PRINCIPAL RATIOS b DOD/XGS % 334.3 250.3 207.8 191.8 182.7 153.9 157.7 DOD/GNP % 17.6 16.0 18.7 18.4 17.8 16.7 15.7 15.8 TDS/XGS % 20.4 14.7 11.7 10.4 10.3 9.5 9.0 TDS/GNP (% 1.1 0.9 1.1 1.0 1.0 0.9 0.9 INT/XGS % 7.9 5.1 4.2 3.7 4.0 3.7 3.5 INT/GNP % 0.4 0.3 0.4 0.4 0.4 0.4 0.3 0.3 RES/DOO % 15.4 20.0 22.8 30.6 36.7 50.1 45.5 31.2 RES/MGS months) 5.3 4.3 5.5 7.1 7.1 7.7 5.7 - MEMORANDA Proportion of Disbursed Debt Concessicnal Loans (%) 82.0 84.7 88.8 89.3 89.8 89.8 89.1 87.7 Var. Int. Rate Loans (% - - - - 0.2 0.3 1.5 2.8 Use of IMF Credit(US$ mil 277.8 1,233.4 1,458.1 1,194.4 1,079.4 1,062.9 1,321.5 2;220.1 1982 1983 1984 1985 1986 1987 1988 1989 PROJECTED PUBLIC DEBT SERVICE TOTAL DEBT SERVICE 2,246.6 2,563.4 2,636.4 2,859.1 3,055.5 3,066.3 2,900.7 2,802.0 Principal 1,329.2 1,542.8 1,579.8 1,786.6 2,028.4 2,116.5 2,030.7 2,010.0 Interest 917.4 1,020.7 1,056.6 1,072.4 1,027.0 949.9 870.0 792.0 OFFICIAL CREDITORS 1,718.9 2,009.7 2,070.5 2,251.5 2,432.1 2,532.6 2,471.6 2,440.6 Principal 1,028.1 1,233.8 1,264.7 1,422.5 1,606.1 1,733.2 1,708.5 1.717.2 Interest 690.9 775.9 805.8 829.0 826.1 799.5 763.1 723.5 PRIVATE CREDITORS 527.7 553.8 566.0 607.5 623.3 533.7 429.1 361.4 Principal 301.1 309.0 315.2 364.1 422.4 383.3 322.2 292.9 Interest 226.5 244.7 250.8 243.4 201.0 150.4 106.9 68.5 242 SOUTH ASIAi (USS Miliions) 1972 1974 1976 1977 1978 1979 1980 1981 PRIVATE NON-GUARANTEED DEBT DEBT OUTS.DISB. ONLY 110.0 128.5 117.9 126.5 153.0 131.6 131.5 179.0 Official Sources Private Sources Foreign Parent Comp. . .. .. .. . .. Financial Institutions Suppliers DISBURSEMENTS 29.4 22.0 35.6 30.2 51.7 14.3 35.3 98.7 Official Sources .. .. .. .. .. . . Private Sources Foreign Parent Comp. * *- *- Financial Institutions . S-uppliers............ PR;NCIPAL REPAYMENTS 26.4 47.4 35.6 28.4 30.2 32.8 31.3 36.1 Official Sources Private Sources Foreign Parent Comp. Financial Institutions SuPpliers .. .. .. .. .. .. . NET FLOWS 3.0 -25.4 - 1.8 21.5 -18.5 4.0 62.6 Official Sources .. .. .. .. .. .. Private Sources Foreign Parent Comp. Financial Institutions Suppliers INTEREST PAYMENTS 6.4 9.1 7.7 7.1 7.5 10.0 7.9 10.0 Official Sources Private Sources . Foreign Parent Comp. Financial Institutions Suppliers ; NET TRANSFERS -3.4 -34.5 -7.7 -5.3 14.0 -28.5 -3.9 52.6 Official Sources . .. .. .. .. . . .. Private Sources . .. .. .. .. . Foreign Parent Comp. Financial Institutions Suppliers . .. .. . . .. TOTAL DEBT SERVICE 32.8 56.5 43.3 35.5 37.7 42.8 39.2 46.1 Official Sources Private Sources Foreign Parent Cornp. -Financial Institutions Suppliers 1982 1983 1984 1985 1986 1987 1s88 1989 PROJECTED NON-GUARANTEED DEBT SERVICE TOTAL DEBT SERVICE 47.3 46.4 35.5 28.4 23.7 15.5 13.5 10.6 Principal 34.9 36.1 27.6 22.5 19.3 12.9 11.8 9.7 Interest 12.4 10.3 7.9 5.9 4.4 2.6 1.7 0.9 243 SOUTH ASIAj (USS MiA 1 ions) 1972 1974 1976 1977 1978 1S79 1980 1981 PUBLIC AND PRIVATE DEBT DEBT OUTS.DISB. ONLY 14,318.3 18,131.6 22,375.4 25,113.4 27,827.8 29,029.5 32,837.2 34,358.0 DISBURSEMENTS 1,330.6 2,809.8 3,057.7 2,657.4 3,088.6 3,358.4 4,985.9 4,266.2 PRINCIPAL REPAYMENTS 557.0 735.2 842.6 898.9 975.7 1,122.4 1,167.9 1,185.3 NET FLOWS 773.6 2,074.6 2,215.1 1,758.5 2,112.9 2,236.0 3,818.0 3,080.9 INTEREST PAYMENTS 341.1 378.3 457.4 493.3 615.8 704.1 733.4 749.3 NET TRANSFERS 432.5 1,696.3 1,757.7 1,265.2 1,497.0 1,532.0 3,084.6 2,331.7 TOTAL DEBT SERVICE 898.1 1,113.6 1,299.9 1,392.2 1,591.6 1,826.4 1,901.3 1,934.6 1982 1983 1984 1985 1988 1987 1988 1989 PROJECTED PUBLIC AND PRIVATE DEBT SERVICE TOTAL DEST SERVICE 2,293.9 2,609.8 2,671.9 2,887.5 3,079.2 3,081.8 2,914.2 2,812.6 PRINCIPAL 1,384.1 1,578.9 1,607.4 1,809.1 2,047.7 2,129.4 2,042.5 2,019.7 INTEREST 929.8 1,031.0 1,064.5 1,078.3 1,031.4 952.5 871.7 792.9 244 AFGHAN: STAN (USS Mil lions) 1972 1974 1976 1977 1S78 1979 1880 1981 TOTAL DEBT OUTSTANDING DISBURSED ONLY TOTAL DEBT .. .. .. .. .. Public / Publicly Guar. 701.8 788.4 920.0 1,071.4 1,215.9 Private Non-guaranteed . . .. .. .. .. .. PUBLIC / PUBLICLY GUARANTEED DEBT DEBT OUTS. INC. UNDISS. 961.2 1,646.3 1,750.7 1,930.5 2,027.7 Official Creditors 944.6 1,626.2 1,713.5 1,896.3 1,982.0 . Multilateral 21.0 74.9 166.4 193.0 250.9 .. . IBRO - - - - - IDA 15.8 40.8 103.8 115.8 172.3 Bilateral 923.6 1,551.4 1,547.0 1,703.2 1,731.1 Private Creditors 16.6 20.0 37.2 34.2 45.8 .. . Suppliers 15.8 20.0 37.2 34.2 45.8 .. . Financial Markets 0.8 - - - - DEBT OUTS. DISB. (DOD) 701.8 788.4 930.0 1,071.4 1,215.9. Official Creditors 686.3 768.3 892.9 1,037.1 1,170.1 . Multilateral 6.0 10.6 41.5 63.0 89.0 . IBRD - - - - - IDA 6.0 10.0 33.5 52.0 69.4 Bilateral 680.3 757.7 851.3 974.2 1,081.1 .. . Pr'ivate Creditors 15.5 20.0 37.2 34.2 45.8 .. . Suppliers 14.8 20.0 37.2 34.2 45.8 .. . Financial Markets 0.8 - - - - COMMITMENTS 154.5 595.1 160.8 166.8 117.3 Official Creditors 148.7 588.0 151.6 162.9 93.6 . Multilateral - 14.0 59.6 26.7 58.0 .. . IBRD - - - - - IDA - - 31.0 12.0 56.5 .. . Bilateral 148.7 574.0 92.1 136.2 35.7 .. . Private Creditors 5.7 7.1 9.2 3.9 23.7 Suppliers 5.7 7.1 9.2 3.9 23.7 Financial Markets - - - - - DISBURSEMENTS 50.0 41.1 119.3 145.2 170.6 Official Creditors 45.2 34.0 109.9 141.3 146.9 .. . Multilateral 2.7 3.2 19.8 21.5 26.1 .. . IBRD - - - - - IDA 2.7 2.9 15.2 18.6 17.4 Bilateral 42.5 30.8 90.1 119.7 120.8 Private Creditors 4.8 7.1 9.4 3.9 23.7 Suppliers 4.8 7.1 9.4 3.9 23.7 Financial Markets - - - - - PRINCIPAL REPAYMENTS 17.3 28.8 16.9 26.4 36.9 Official Creditors 14.4 25.5 11.9 19.4 25.1 .. . Multilateral - - - 0.1 0.1 .. IBRO - - - - - IDA - - - - Bilateral 14.4 25.5 11.9 19.3 25.0 .. . Private Creditors 3.0 3.3 5.0 7.0 11.7 .. . Suppliers 1.9 3.3 5.0 7.0 11.7 . Financial Markets 1.1 - - - - NET FLOWS 32.6 12.2 102.4 118.8 133.7 . Official Creditors 30.8 8.4 98.0 121.8 121.8 .. . Multilateral 2.7 3.2 19.8 21.4 26.0 .. . IBRD - - - - - IDA 2.7 2.9 15.2 18.6 17.4 Bilateral 28.1 5.2 78.2 100.4 95.8 Private Creditors 1.8 3.8 4.4 -3.1 11.9 . Suppliers 2.9 3.8 4.4 -3.1 11.9 . Financial Markets -1.1 - - - - INTEREST PAYMENTS(INT) 8.1 9.4 8.4 11.8 15.0 .. Official Creditors 7.6 9.3 8.4 11.8 15.0 .. . Multilateral 0.0 0.1 0.2 0.3 0.5 .. . IBRD - - - - - IDA 0.0 0.1 0.1 0.2 0.4 .. Bilateral 7.6 9.2 8.2 11.5 14.5 .. .. Private Creditors 0.5 0.2 0.0 0.0 - .. .. Suppliers 0.4 0.2 0.0 0.0 - .. Financial Markets 0.1 - - - - 245 AFGHANISTAN (US$ MihiIons) 1972 1974 1976 1977 1978 1979 19B0 1981 NET TRANSFERS 24.5 2.8 94.0 107.0 118.7 Official Creditors 23.2 -C.8 89.6 110.0 106.8 .. . Multilateral 2.7 3.2 19.6 21.1 25.6 IBRD - - - - - IDA 2.7 2.8 15.0 18.3 17.0 .. . Bilateral 20.5 -4.0 70.0 88.9 81.2 .. . Private Creditors 1.3 3.6 4.4 -3.1 11.9 .. . Suppliers 2.5 3.6 4.4 -3.1 11.9 .. Financial Markets -1.2 - - - - TOTAL DEBT SERVICE(TDS) 25.4 38.3 25.3 38.3 51.9 Official Crecitors ,22.0 34.8 20.3 31.2 40.1 .. . Multilateral 0.0 0.1 0.2 0.4 0.6 .. IBRD - - - - - IDA 0.0 0.1 0.1 0.2 0.4 Bilateral 22.0 34.7 20.1 30.8 39.6 .. . Private Creditors 3.5 3.5 5.0 7.0 11.7 .. . Suppliers 2.3 3.5 5.0 7.0 11.7 .. . Financial Markets 1.2 - - - - AVERAGE TERMS: PUBLIC DEBT NEW COMMITMENTS ALL CREDITORS Interest (%) 2.0 1.8 2.6 2.3 2.7 . Maturity (years) 21.7 25.3 28.3 29.9 31.2 . Grace Period (years) 8.4 8.2 6.6 8.3 7.2 .. . Grant Element (%) 57.2 62.2 54.6 60.5 54.1 .. .. OFFICIAL CREDITORS Interest (%) 2.0 1.8 2.6 2.3 2.6 .. . Maturity (years) 22.3 25.6 29.7 30.5 37.6 .. . Grace Period (years) 8.7 8.3 6.9 8.5 8.9 .. . Grant Element (%) 58.5 62.7 56.6 61.4 63.2 .. PRIVATE CREDITORS Interest (%) 1.6 2.5 2.6 2.0 3.1 .. Maturity (years) 5.4 5.7 5.9 5.2 5.8 .. . Grace Period (years) 1.5 1.5 1.5 1.1 0.9 .. Grant Element (%) 23.0 2-1.1 21.5 19.9 18.2 .. MAJOR ECONOMIC AGGREGATES (U.S. $ MILLIONS) Gross Nat. Product (GNP) 912 1,752 2,480 3,126 3,793 3,767 3,518 Exports of G. & S. (XGSJ .. .. .. .. .. Imports of G. & S. (MGS Intl. Reserves (RES) 81 201 257 431 605 935 940 658 PRINCIPAL RATIOS DDD/GNP % 77.0 45.0 37.5 34.3 32.1. TDS/XGS (%.... ..... TDS/GNP (%8 .8 2.2 1.0 1.2 1.4 INT/XGS % . . . .. .. .. INT/GNP % 0 9 0.5 0.3 0.4 0.4 RES/DOE D% t1.6 25.6 27.6 40.2 49.8 .. . RES/MGS months) MEMORANDA Proportion of Disbursed Debt Concessional Loans (%) 97.1 97.0 94.5 93.1 92.5 .. . Var. Int. Rate Loans (% - - - - - Use of IMF Credit(US$ mil - - - - -_ 1982 1983 1984 1985 1986 1987 1988 1989 PROJECTED PUBLIC DEBT SERVICE TOTAL DEBT SERVICE .. Principal .. Interest OFFICIAL CREDITORS .. Principal Interest PRIVATE CREDITORS .. Principal .. Interest . 246 BANGLADESH (USS MAi I I ions) 1972 1974 1976 1977 1978 1979 1980 1981 TOTAL DEBT OUTSTANDING DISBURSED ONLY TOTAL DEBT .. .. .. .. .. Publhc / Publicly Guar. 53.6 1,010.8 1,938.0 2,292.7 2,765.0 2,842.7 3.519.7 3,849.9 Private Non-guaranteed . . .. .. .. .. .. . . PUBLIC / PUBLICLY GUARANTEED DEBT DEBT OUTS. INC. UNDISB. 320.1 1,798.8 2,870.4 3,485.6 4,288.7 4,364.6 5,450.7 6,137.8 Official Creditors 237.3 1,591.2 2,691.5 3,294.9 4,08C.3 4,139.3 5,225.8 5,927.3 Multilateral 109.5 500.6 912.1 1,238.1 1,522.0 2,012.6 2,616.1 3,023.7 IBRD - 54.9 54.9 54.9 54.9 54.9 54.9 54.9 IDA 109.5 383.5 667.4 869.4 1,032.4 1,234.4 1,563.6 1,768.2 Bilateral 127.8 1,090.6 1,779.4 2,056.8 2,558.3 2,126.6 2,609.7 2,903.6 Private Creditors 82.8 207.6 178.9 190.7 208.4 225.3 224.9 210.5 Suppliers 82.8 187.4 151.9 161.6 155.8 163.6 164.2 136.7 Financial Markets - 20.2 27.0 29.1 52.6 61.7 60.7 73.8 DEBT OUTS. DISB. (DOD) 53.6 1,010.8 1,938.0 2,292.7 2,765.0 2,842.7 3,51S.7 3,849.9 Official Creditors 25.0 896.9 1,823.4 2,175.1 2,622.8 2,691.1 3,373.5 3,707.4 Multilateral 3.0 264.4 498.1 627.2 817.8 1,084.3 1,385.1 1,621.2 IBRD - 54.9 54.9 54.9 54.9 54.9 54.9 54.9 IDA 3.0 204.0 416.4 504.6 607.7 770.3 926.0 1,084.8 Bilateral 22.0 632.5 1,325.4 1,547.8 1,805.0 1,606.8 1.988.5 2,086.2 Private Creditors 28.5 113.9 114.6 117.6 142.2 151.6 146.2 142.5 Suppliers 28.5 99.5 96.7 98.8 118.0 127.9 117.9 108.1 Financial Markets - 14.5 17.9 18.8 24.2 23.8 28.2 34.4 COMMITMENTS 253.2 638.5 361.6 562.3 763.9 681.3 1,035.5 937.1 Official Creditors 182.9 628.8 354.9 546.2 736.4 664.4 1,011.1 905.6 Multilateral 50.0 149.1 136.0 326.9 281.8 496.2 612.5 444.5 IBRD - - - - - - - - IDA 50.0 120.0 82.5 202.0 163.0 202.0 331.3 222.4 Bilateral 132.9 479.7 218.9 219.2 454.6 168.2 398.6 461.1 Private Creditors 70.4 9.7 6.7 16.1 27.5 16.9 24.5 31.5 Suppliers 70.4 4.6 2.1 11.0 - 4.5 19.4 7.0 Financial Markets - 5.1 4.7 5.1 27.5 12.4 5.1 24.5 DISBURSEMENTS 37.2 302.2 347.9 335.4 468.2 543.4 620.3 512.8 Official Creditors 23.6 277.0 331.2 324.8 431.9 532.1 603.9 478.7 Multilateral - 75.7 129.1 129.2 189.0 266.2 306.8 252.5 IBRD - - - - - - - - IDA - 75.3 124.7 88.2 103.1 162.6 155.7 159.4 Bilateral 23.6 201.3 202.1 195.7 242.8 266.0 297.2 226.2 Private Creditors 13.6 25.3 16.7 10.6 36.3 11.3 16.4 34.1 Suppliers 13.6 21.7 14.3 6.1 25.4 7.0 8.1 21.0 Financial Markets - 3.6 2.5 4.5 10.9 4.2 8.3 13.1 PRINCIPAL REPAYMENTS - 15.9 35.6 41.6 52.6 42.5 40.3 51.6 Official Creditors - 7.1 23.8 27.8 34.9 25.7 19.4 28.7 Multilateral - - 0.5 0.5 0.9 1.1 1.1 0.9 IBRD - - - - - - - - IDA - - - - - - - - Bilateral - 7.1 23.3 27.2 34.0 24.6 18.3 27.7 Private Creditors - 8.7 11.8 13.9 17.7 16.9 20.9 23.0 Suppliers - 6.5 7.1 9.2 10.0 11.1 19.0 21.0 Financial Markets - 2.3 4.7 4.6 7.7 5.8 1.9 2.0 NET FLOWS 37.2 286.4 312.4 293.8 415.6 500.9 580.0 461.2 Official Creditors 23.6 269.8 307.4 297.1 397.0 506.4 584.6 450.1 Multilateral - 75.7 128.6 128.6 188.1 265.0 305.7 251.6 IBRD - - - - - - - IDA - 75.3 124.7 88.2 103.1 162.6 155.7 159.4 Bilateral 23.6 194.2 178.8 168.4 208.9 241.4 278.9 198.5 Private Creditors 13.6 16.5 5.0 -3.3 18.6 -5.6 -4.5 11.2 Suppliers 13.6 15.2 7.2 -3.1 15.4 -4.1 -11.0 0.0 Financial Markets - 1.3 -2.2 -0.1 3.2 -1.5 6.4 11.1 INTEREST PAYMENTS(INT) - 8.0 28.2 25.4 41.6 41.4 35.7 46.3 Official Creditors - 4.1 24.3 22.2 37.2 38.0 32.3 42.2 Multilateral - 0.9 6.6 7.7 9.2 12.7 11.7 14.5 IBRD - - 3.3 3.4 3.5 4.6 3.1 3.6 IDA - 0.6 2.6 3.5 4.1 5.7 5.5 7.3 Bilateral - 3.1 17.7 14.4 28.0 25.3 20.6 27.6 Private Creditors - 4.0 3.9 3.3 4.4 3.4 3.5 4.1 Suppliers - 2.1 2.4 2.0 2.3 2.0 2.1 1.8 Financial Markets - 1.9 1.5 1.2 2.2 1.5 1.3 2.3 247 BANGLADESH (US$ Millions) 1972 1974 1976 1977 1978 1979 1980 1981 NET TRANSFERS 37.2 278.3 284.1 268.4 374.0 459.4 544.3 415.0 Official Creditors 23.6 265.8 283.1 274.9 359.8 468.5 552.3 407.9 Multilateral - 74.7 121.9 120.9 178.9 252.3 294.0 237.0 IBRD - - -3.3 -3.4 -3.5 -4.6 -3.1 -3.6 IDA - 74.7 122.2 84.7 99.0 156.8 150.2 152.1 Bilateral 23.6 191.0 161.2 154.0 180.9 2i6.2 258.3 170.9 Private Creditors 13.6 12.5 1.0 -6.5 14.1 -9.0 -8.0 7.1 Suppliers 13.6 13.1 4.8 -5.2 13.2 -6.1 -13.1 -1.8 Financial Markets - -0.6 -S.8 -1.4 1.0 -3.0 5.1 8.9 TOTAL DEBT SERVICE(TDS) - 23.9 63.8 87.0 94.2 84.0 76.1 97.9 Official Creditors - 11.2 48.1 49.9 72.1 63.7 51.6 70.8 Multilateral - 0.9 7.1 8.3 10.1 13.9 12.8 15.5 IBRD - - 3.3 3.4 3.5 4.6 3.1 3.6 IDA - 0.6 2.6 3.5 4.1 5.7 5.5 7.3 Bilateral - 10.3 40.9 41.7 61.9 49.8 38.8 55.4 Private Creditors - 12.7 15.7 17.1 22.2 20.3 24.4 27.0 Suppliers - 8.6 9.5 11.3 12.3 13.1 21.2 22.8 Financial Markets - 4.1 6.2 5.9 9.9 7.2 3.3 4.2 AVERAGE TERMS: PUBLIC DEBT NEW COMMITMENTS ALL CREDITORS Interest N%) 2.4 2.7 1.8 1.5 1.6 1.3 1.5 2.1 Maturity (years) 24.7 30.6 39.7 38.7 35.4 35.3 35.7 31.2 Grace Period (years) 5.1 7.6 10.1 9.2 10.5 9.0 S.6 7.7 Grant Element (%) 52.0 56.4 70.7 70.6 69.1 70.4 68.8 62.1 OFFICIAL CREDITORS Interest (%) 1.8 2.7 1.7 1.4 1.4 1.2 1.3 1.9 Maturity (years) 29.4 30.9 40.2 39.5 36.4 35.5 36.3 31.9 Grace Period (years) 6.4 7.6 10.2 9.4 10.8 9.1 8.8 7.8 Grant Element (%) 61.3 56.9 71.8 71.9 71.3 71.9 70.3 63.9 PRIVATE CREDITORS Interest (%) 4.1 5.3 6.2 4.6 7.5 7.4 8.2 7.3 Maturity (years) 12.3 13.1 11.1 12.7 10.8 25.7 10.1 12.1 Grace Period (years) 1.7 3.5 2.0 2.5 2.1 2.1 2.2 2.6 Grant Element (%) 27.9 26.5 16.7 27.1 11.9 14.5 7.8 12.1 MAJOR ECONOMIC AGGREGATES (U.S. $ MILLIONS) Gross Nat. Product (GNP) 4,594 8,936 7,267 6,862 8,687 9,631 11,365 12,340 Exports of G. & S. (XGS) .. 426 504 646 800 1.005 1,368 1.427 Imports of G. & S. (MGS) 1,148 992 1,261 1,652 2,163 2,904 3.003 Intl. Reserves (RES) 271 138 289 242 321 414 331 160 PRINCIPAL RATIOS DOD/XGS (%) .. 237.2 384.5 354.9 345.6 282.8 257.4 269.9 DOD/GNP % 1.2 11.3 26.7 33.4 31.8 29.5 31.0 31.2 TDS/XGS % .. 5.6 12.7 10.4 11.8 8.4 5.6 6.9 TDS/GNP % - 0.3 0.9 1.0 1.1 0.9 0.7 0.8 INT/XGS % .. 1.9 5.6 3.9 5.2 4.1 2.6 3.2 INT/GNP % - 0.1 0.4 0.4 0.5 0.4 0.3 0.4 RES/DOD %) 505.0 13.7 14.9 10.5 11.6 14.6 9.4 4.1 RES/MGS months) .. 1.4 3.5 2.3 2.3 2.3 1.4 0.6 MEMORANDA Proportion of Disbursed Debt Concessional Loans (%) 27.9 76.8 88.6 90.4 91.8 91.9 93.5 94.1 Var. Int. Rate Loans (%) - - - - - - 0.1 0.1 Use of IMF Credit(US$ mil) 67.9 163.2 274.0 236.1 231.4 227.3 269.0 322.2 1982 1983 1984 1985 1986 1987 1988 1989 PROJECTED PUBLIC DEBT SERVICE TOTAL DEBT SERVICE 135.5 171.5 209.5 221.6 244.6 258.3 262.3 264.4 Principal 71.1 98.1 131.3 138.7 161.4 176.6 182.1 187.3 Interest 64.4 73.3 78.3 82.9 83.2 81.6 80.2 77.1 OFFICIAL CREDITORS 105.1 140.1 176.2 189.7 214.8 234.8 242.3 247.5 Principal 46.6 73.6 105.0 113.1 136.9 157.4 165.5 173.1 interest 58.5 66.5 71.2 76.6 77.9 77.4 76.8 74.4 PRIVATE CREDITORS 30.4 31.4 33.4 32.0 29.8 23.5 20.0 16.8 Principal 24.5 24.6 26.3 25.6 24.5 19.2 16.6 14.2 Interest 5.8 6.8 7.1 6.3 5.3 4.3 3.4 2.7 248 BURMA (US$ MiNl;ions) 1972 1974 1976 1977 i978 1979 1980 1981 TOTAL DEBT OUTSTANDING DISBURSED ONLY TOTAL DEBT .. .. .. .. .. Public / Publicly Guar. 159.1 277.8 307.8 505.2 864.4 1,241.6 1,516.7 1,754.8 Private Non-guaranteed ... . . .. . . . ... PUBLIC / PUBLICLY GUARANTEED DEBT DEBT OUTS. INC. UNDISB. 298.7 476.9 849.9 1,213.3 1,613.2 2,136.6 2,740.2 3,200.2 Official Creditors 224.6 413.1 702.5 980.0 1,296.7 1,760.9 2,252.0 2,809.3 Multilateral 10.2 113.9 298.6 347.3 460.6 597.1 809.0 819.6 IBRD 10.2 4.5 - - - - - IDA - 74.0 158.5 164.0 202.3 272.3 416.0 411.0 Bilateral 214.4 299.2 404.0 632.7 836.1 1,163.8 1,442.9 1,989.6 Private Creditors 74.1 63.8 147.4 233.3 316.4 375.7 488.2 390.9 Suppliers 71.2 63.5 108.7 143.2 192.6 174.6 184.9 138.8 Financial Markets 2.9 0.3 38.8 90.1 123.9 201.0 303.3 252.1 DEBT OUTS. DISS. (DOD) 159.1 277.8 307.8 505.2 864.4 1,241.6 1,516.7 1,754.8 Official Creditors 100.3 223.2 271.2 414.5 683.9 976.8 1,228.8 1,450.4 Multilateral 10.2 8.8 53.4 106.3 211.1 292.1 341.7 413.0 IBRD 10.2 4.5 - - - - - - IDA - 4.3 41.4 62.7 85.6 123.6 146.2 186.0 Bilateral 90.1 214.4 217.8 308.2 466.8 684.7 887.1 1,037.4 Private Creditors 58.7 54.6 36.6 90.7 180.4 264.8 287.9 304.4 Suppliers 56.3 54.4 36.6 90.7 130.6 120.3 114.9 100.6 Financial Markets 2.4 0.3 - - 49.9 144.4 173.0 203.8 COMMITMENTS 77.2 98.3 352.4 283.3 378.4 711.2 676.0 809.1 Official Creditors 64.0 88.7 247.5 195.5 284.2 597.9 504.5 809.1 Multilateral - 57.3 129.3 48.2 113.1 139.5 216.2 49.1 IBRD - - - - - - 33.1 IDA - 41.0 56.0 5.5 39.0 70.0 146.2 - Bilateral 64.0 31.4 118.2 147.3 171.0 458.4 288.3 760.0 Private Creditors 13.i 9.6 104.9 87.7 94.3 113.2 171.5 - Suppliers 12.5 9.6 66.1 36.5 60.5 20.9 38.4 - Financial Markets 0.6 - 38.8 51.3 33.8 92.4 133.1 - DISBURSEMENTS 47.4 66.5 47.7 166.0 362.5 518.7 281.4 511.3 Official Creditors 23.6 47.9 39.8 102.3 258.5 381.9 211.4 415.8 Multilateral - 4.3 27.5 52.3 109.9 76.8 51.4 104.7 IBRD - - - - - - - 33.1 IDA - 4.3 19.3 21.3 22.9 38.0 22.7 39.8 Bilateral 23.6 43.6 12.3 5C.0 148.6 305.0 160.0 311.1 Private Creditors 23.8 18.6 7.9 63.7 104.1 136.8 70.0 95.5 SUppliers 21.9 18.6 7.9 63.7 54.9 27.7 21.2 26.5 Financial Markets 1.9 - - - 49.2 109.1 48.7 68.9 PRINCIPAL REPAYMENTS 18.3 22.1 26.1 22.6 27.7 59.6 64.3 115.2 Official Creditors 7.9 7.5 10.8 5.4 8.9 18.8 19.1 62.5 Multilateral 2.1 2.4 2.0 - - 0.0 0.1 33.5 IBRD 2.1 2.4 2.0 -- - 33.1 IDA - - - - - - - - Bilateral 5.9 5.1 8.8 5.4 8.9 18.7 19.0 29.0 Private Creditors 10.4 14.6 15.4 17.2 18.8 40.8 45.2 52.7 Suppliers 9.8 13.8 15.4 17.2 18.8 28.1 28.3 28.3 Financial Markets 0.6 0.8 - - - 12.7 16.9 24.4 NET FLOWS 29.0 44.4 21.5 143.4 334.8 459.1 217.1 396.2 Official Creditors 15.6 40.4 29.0 96.9 249.6 363.1 192.4 353.4 Multilateral -2.1 1.9 25.5 52.3 109.9 76.8 51,4 71.3 IBRD -2.1 -2.4 -2.0 - - - - - IDA - 4.3 19.3 21.3 22.9 38.0 22.7 39.8 Bilateral 17.7 38.5 3.5 44.6 139.7 286.3 141.0 282.1 Private Creditors 13.4 4.0 -7.5 46.5 85.2 96.1 24.7 42.8 Suppliers 12.1 4.8 -7.5 46.5 36.1 -0.4 -7.1 -1.8 Financial Markets 1.3 -0.8 - - 49.2 96.5 31.9 44.6 INTEREST PAYMENTS(INT) 5.0 8.0 7.9 10.7 19.5 34.1 45.4 49.9 Official Creditors 2.2 4.7 5.0 7.0 9.9 14.8 20.2 22.9 Multilateral 0.6 0.4 0.4 0.6 1.1 2.0 2.8 3.4 IBRD 0.6 0.4 0.1 - - - - - IDA - 0.0 0.2 0.3 0.5 0.7 1.0 1.2 Bilateral 1.6 4.2 4.6 6.4 8.8 12.8 17.3 19.5 Private Creditors 2.7 3.3 2.9 3.7 9.6 19.3 25.2 27.1 Suppliers 2.6 3.2 2.9 3.7 5.3 10.1 8.8 7.4 Financial Markets 0.1 0.1 - - 4.3 9.2 16.4 19.7 249 BURMA (USS Mllions) 1972 1974 1976 1977 1978 1979 1980 1981 NET TRANSFERS 24.1 35.4 13.6 132.7 315.3 425.0 171.7 346.2 Official Creditors 13.4 35.7 24.0 89.9 239.7 348.3 172.2 330.5 Multilateral -2.7 1.5 25.0 51.8 108.8 74.8 48.6 67.9 IBRD -2.7 -2.8 -2.1 - - - - - IDA - 4.3 19.1 20.9 22.4 37.2 21.7 38.6 Bilateral 16.1 34.2 -1.1 38.1 130.9 273.5 123.7 262.7 Private Creditors 10.7 0.7 -10.4 42.8 75.6 76.8 -0.5 15.7 Suppliers 9.4 1.6 -10.4 42.8 30.8 -10.5 -15.9 -9.2 Financial Markets 1.2 -0.9 - - 44.9 87.3 15.4 24.9 TOTAL DEBT SERVICE(TOS) 23.3 30.1 34.1 33.3 47.2 93.7 109.6 165.1 Official Creditors 10.2 12.2 15.8 12.4 18.8 33.6 39.2 85.3 Multilateral 2.7 2.8 2.4 0.6 1.1 2.1 2.9 36.9 IBRD 2.7 2.8 2.1 - - - - 33.1 IDA - 0.0 0.2 0.3 0.5 0.7 1.0 1.2 Bilateral 7.5 9.3 13.3 11.8 17.7 31.5 36.3 48.4 Private Creditors 13.1 17.9 18.3 20.9 28.4 60.1 70.4 79.8 Suppliers 12.5 17.0 18.3 20.9 24.1 38.2 37.1 35.7 Financial Markets 0.7 0.9 - - 4.3 21.9 33.3 44.1 AVERAGE TERMS: PUBLIC DEBT NEW COMMITMENTS ALL CREDITORS Interest (%) 2.7 2.1 3.5 3.5 3.1 3.0 3.1 3.5 Maturity (years) 15.7 34.3 27.4 23.8 24.1 27.5 30.2 29.0 Grace Period (years) 5.4 8.3 6.8 7.4 7.2 8.8 7.5 6.0 Grant Element (%) 42.4 63.0 50.5 47.9 51.1 55.4 55.1 49.2 OFFICIAL CREDITORS Interest (%) 2.0 1.7 1.8 2.2 1.7 1.7 1.5 3.5 Maturity (years) 17.1 37.3 35.9 28.7 29.3 31.2 37.0 29.0 Grace Period (years) 6.0 9.0 8.9 9.2 8.7 10.0 9.3 6.0 Grant Element (%) 48.9 68.5 68.4 61.1 63.6 66.0 70.5 49.2 PRIVATE CREDITORS Interest (%) 6.2 5.8 7.6 6.3 7.2 10.0 7.6 - Maturity (years) 9.2 6.1 7.4 13.1 8.2 8.2 10.0 - Grace Period (years) 2.1 1.4 2.0 3.4 2.7 2.3 2.3 - Grant Element (%) 10.3 12.2 8.2 18.4 13.4 -0.4 9.8 - MAJOR ECONOMIC AGGREGATES (U.S. $ MILLIONS) Gross Nat. Product (GNP 2,066 3,709 4,065 4,108 4,695 5,342 5,821 5,741 Exports of G. & S. (XGS 134 234 203 245 306 412 493 Imports of G. & S. MGS) 197 256 254 357 547 829 897 Intl. Reserves (RES) 61 220 145 140 150 332 409 329 PRINCIPAL RATIOS DOD/XGS % 1179.1 1187 151.3 205.8 282.8 301.4 307.4 DOD/GNP % 7.7 7.5 7.6 12.3 18.4 23.2 26.1 30.6 TDS/XGS % 17.4 12.8 16.7 13.6 15.5 22.7 22.2 TDS/GNP % 1.1 0.8 0.8 0.8 1.0 1.8 1.9 2.9 INT/XGS % 3.7 3.4 3.9 4.4 6.4 8.3 9.2 INT/GNP % 0.2 0.2 0.2 0.3 0.4 0.6 0.8 0.9 RES/OOD % 38.3 79.1 47.2 27.8 17.4 26.7 26.9 18.7 RES/MGS (months) 3.7 10.3 6.9 4.7 3.3 4.8 5.5 MEMORANDA Proportion of Disbursed Debt Concessional Loans (%) 53.0 76.1 86.8 81.1 78.4 77.9 80.4 81.8 Var. Int. Rate Loans - - - - 4.5 5.2 4.6 3.5 Use of IMF Credit(US$ mui) 8.7 44.7 40.1 62.8 78.7 71.1 37.4 56.9 1982 1983 1984 1985 1986 1987 1988 1989 PROJECTED PUBLIC DEBT SERVICE TOTAL DEBT SERVICE 145.5 160.0 169.7 185.5 175.9 199.7 190.7 185.3 Principal 90.5 97.3 103.5 118.2 109.3 137.1 132.4 131.3 Interest 55.0 62.7 66.2 67.3 66.6 62.7 58.3 54.0 OFFICIAL CREDITORS 51.6 73.7 93.5 118.3 129.9 164.4 159.9 159.7 Principal 22.7 33.4 45.4 64.2 72.5 108.5 106.6 109.1 Interest 28.8 40.3 48.1 54.0 57.4 56.0 53.4 50.6 PRIVATE CREDITORS 94.0 86.2 76.2 67.3 46.0 35.3 30.8 25.6 Principal 67.8 63.8 58.2 54.0 36.8 28.6 25.9 22.2 Interest 26.2 22.4 18.0 13.3 9.1 6.7 4.9 3.3 250 INDIA (US$ Mi! lionis) 1972 1974 1976 1977 1978 1979 1980 1981 TOTAL DEBT OUTSTANDING DISBURSED ONLY TOTAL DEBT .. 11,S88.6 13,379.7 14,648.8 1S,486.3 15,709.5 17,471.4 18,053.2 Oublic / Publicly Guar. 9,767.1 11,465.6 13,275.1 14,540.2 15,354.2 15,594.8 17,361.3 17,902.8 Private Non-guaranteed .. 122.8 104.6 108.6 132.1 1i4.7 110.1 150.4 PUBLIC / PUBLICLY GUARANTEED DEBT DEBT OUTS. INC. UNDISB. 12,002.0 14,633.2 16,431.2 18,644.4 20,484.1 20,879.6 25,832.5 27,248.9 Official Credlitors 11,490.8 14,139.1 16,007.5 18,252.7 20,163.0 20,624.7 24,547.1 25,876.5 Multilateral 2,813.4 4,2111.2 5,334.9 6,351.3 8,089.7 8,889.5 11,709.9 13,637.7 IBRD 542.5 667.8 967.9 1,158.8 1,353.2 1,53-3.4 1,782.6 2,422.1 IDA 2,270.9 3,543.4 4,345.2 5,156.8 6,700.7 7,195.3 9,069.1 10,347.3 Bilateral 8,677.4 9,927.9 10,672.6 11,901.3 12,073.3 11,735.2 12,837.1 12,238.8 Private Creditors 5111.1 494.1 423.7 391.7 321.1 254.9 1,285.4 1,372.4 Suppliers 454.6 443.5 320.3 280.2 230.0 174.6 146.1 143.4 Financial Markets 56.6 50.6 103.4 111.5 91.1 80.3 1,139.3 1,229.0 DEST OUTS. DISB. (DOD) 9,767.1 11,465.8 13,275.1 14,540.2 15,354.2 15,594.8 17,361.3 17,902.8 Official Creditors 9,446.3 11.188,1 12,979.8 14,242.6 15,082.3 15,361.6 16,907.7 17,196.6 Multilateral 2,085.6 2,777.5 3,788.8 4,217.6 4,654.4 5,269.0 6,667.6 7,808.7 IBRD 476.9 453.8 455.9 540.0 646.5 727.8 826.6 1,181.0 IDA 1,608.7 2,323.7 3,333.0 3,655.8 3,972.0 4,505.4 5,142.0 5,905.8 Bilateral 7,360.7 8,410.7 9,191.0 10,025.0 10,427.9 10,092.6 10,240.1 9,387.9 Private Creditors 320.8 277.7 295.2 297.6 272.0 233.1 453.6 706.1 Suppliers 270.4 253.0 267.4 246.6 222.5 171.0 i29.8 101.2 Financial Markets 50.4 24.7 27.9 51.0 49.4 62.2 323.8 605.0 COMMITMENTS 875.9 1,977.6 1,014.9 2,021.3 2,171.5 1,377.7 6,010.3 3,217.3 Official Creditors 802.2 1.926,6 1,012.7 2,019.3 2,170.5 1,374.8 4,908.8 3.031.0 Multilateral 274.2 889.1 336.8 1,107.0 1,829.5 891.0 3,231.2 2,127.6 TB9D - 161.0 315.0 269.0 275.0 250.0 585.0 740.0 IDA 274.2 728.1 - 824.0 1,554.5 516.0 1,948.2 1,387.6 Bilateral 528.0 1,037.5 675.9 9121.3 341.0 483.8 1,677.5 903.3 Private Creditors 73.6 51.0 2.2 2.1 1.0 2.9 1,101.5 186.3 Suppliers 73.6 32.7 2.2 2.1 1.0 2.9 16.8 43.2 Financial Markets - 18.3 - - - - 1,084.7 143.1 DISBURSEMENTS 845.8 1,442.4 1,S19.2 1,160.8 1,172.4 1,166.9 2,480.7 2,023.0 Official Creditors 810.7 1,370.1 1,458.5 1,120.0 1,131.1 1,138.4 2,199.5 1,694.2 Mult'lateral 235.5 442.8 609.8 510.9 520.7 696.3 1,819.4 1,231.1 IBR6 48.5 42.9 76.6 156.0 179.9 148.9 173.8 421.4 IDA 187.0 399.8 533.2 333.1 326.8 546.4 651.8 785.8 Bilateral 575.2 927.4 848.7 609.2 610.4 443.0 680.0 463.1 Private Creditors 35.1 72.3 60.8 40.8 41.4 28.5 281.3 328.8 Suppliers 27.3 63.7 51.0 19.1 27.0 6.8 4.1 14.7 Financial Markets 7.8 8.6 9.8 21.7 14.4 21.7 277.2 314.2 PRINCIPAL REPAYMENTS 374.4 484.5 491.1 527.2 595.0 639.7 636.1 605.2 Official Creditors 305.7 414.5 428.7 464.5 529.4 579.2 589.0 560.4 Multilateral 52.5 57.8 65.9 82.1 84.0 80.6 90.2 87.7 I8RD 50.8 52.7 57.1 71.8 73.4 67.6 75.0 67.0 IDA 1.7 5.0 8.8 10.3 10.7 13.0 15.2 1.9.7 Bilateral 253.2 356.8 362.8 382.4 445.4 498.6 498.8 472.7 Private Creditors 68.7 69.9 62.4 62.7 65.6 60.4 47.0 45.8 Suppliers 50.4 51.8 56.0 58.1 59.7 53.8 42.5 33.3 Financial Markets 18.3 18.1 6.4 4.6 6.0 6.6 4.5 12.6 NET FLOWS 471.5 957.9 1,028.1 633.7 577.4 527.2 1,844.7 1,416.8 Official Creditors 505.1 955.6 1,029.8 655.6 601.7 559.1 1.610.4 1,133.8 Multilateral 183.0 385.0 543.9 428.8 436.6 614.7 1,429.2 1,143.4 IBRO -2.4 -9.8 19.5 84.1 106.5 81.3 98.8 354.4 IDA 185.3 394.8 524.4 322.9 316.1 533.4 636.6 766.1 Bilateral 322.1 570.6 485.9 226.7 165.0 -55.6 181.2 -9.6 Private Creditors -33.6 2.4 -1.7 -21.9 -24.3 -31.9 234.2 283.0 Suppliers -23.0 11.9 -5.0 -38.9 -32.7 -47.0 -38.4 -18.6 Financial Markets -10.6 -9.5 3.4 1'.0 8.5 15.1 272.7 301.6 INTEREST PAYMENTS(INT) 241.6 253.2 260.8 286.6 342.0 375.5 362.7 393.9 Official Creditors 220.5 233.3 242.3 269.6 324.4 360.1 350.0 338.6 Multilateral 43.9 47.8 52.4 59.5 80.5 93.7 102.1 114.7 18RD 29.4 32.1 31.2 34.4 53.0 63.0 65.9 70.8 IDA 14.5 15.6 211.2 25.0 27.4 30.4 34.6 39.9 Bilateral 176.7 185.5 189.9 210.1 244.0 266.5 248.0 223.9 Private Creditors 21.1 19.9 18.5 17.0 17.8 15.3 12.7 55.2 Suppliers 15.0 17.4 16.7 15.2 14.5 11.9 8.9 5.8 Financial Markets 6.1 2.5 1.9 1.8 3.2 3.4 3.7 49.4 251 INDIA (US$ ,Millions) 1972 1974 1976 1977 1978 1979 1S80 1981 NET TRANSFERS 229.8 704.7 767.3 347.1 235.4 151.7 1,481.9 1,023.0 Official Creditors 284.5 722.3 787.5 386.0 277.3 199.0 1.260.4 795.2 Multilateral 135.1 337.2 491.5 369.3 356.2 521.1 1,327.1 1,028.7 IBRD -31.8 -42.0 -11.6 49.7 53.5 18.3 32.9 283.6 IDA 170.9 379.2 503.1 297.9 288.8 503.0 602.0 726.2 Bilateral 145.4 385.1 296.0 16.6 -78.9 -322.1 -66.8 -233.5 Private Creditors -54.7 -17.5 -20.2 -38.9 -41.9 -47.2 221.6 227.7 Suppliers -38.0 -5.5 -21.7 -54.2 -47.2 -59.0 -47 4 -24.4 Financial Markets -16.7 -12.0 1.5 15.3 5.3 11.7 268.9 252.2 TOTAL DEBT SERVICE(TDS) 616.0 737.7 751.9 813.8 937.1 1,015.1 998.8 1,000.1 Official Creditors 526.2 647.8 671.0 734.1 853.8 939.4 939.1 899.0 Multilateral 96.4 105.6 118.3 141.6 164.5 174.3 192.3 202.4 IBRD 80.3 84.9 88.2 106.2 126.4 130.6 140.9 137.8 IDA 16.1 20.7 30.0 35.3 38.0 43.5 49.8 59.6 Bilateral 429.8 542.3 552.7 592.5 689.3 765.1 746.8 696.6 Private Creditors 89.8 89.8 81.0 79.7 83.2 75.7 59.7 101.1 Suppliers 65.3 69.2 72.7 73.3 74.1 65.7 51.5 39.1 Financial Markets 24.5 20.7 8.3 6.4 9.1 10.0 8.2 62.0 AVERAGE TERMS: PUBLIC DEBT NEW COMMITMENTS ALL CREDITORS Interest (%) 1.8 2.3 3.7 2.5 1.8 2.4 4.6 4.2 Maturity years) 35.4 34.1 27.8 36.7 44.7 40.4 30.4 35.5 Grace Period (years) 8.1 8.4 7.2 8.6 9.2 8.8 7.0 7.9 Grant Element (%) 67.1 62.1 47.9 62.9 72.3 65.3 46.4 50.2 OFFICIAL CREDITORS Interest (1) 1.4 2.2 3.7 2.5 1.8 2.4 2.1 3.8 Maturity years) 37.4 34.7 27.9 36.7 44.7 40.5 35.1 37.1 Grace Period (years) 8.5 8.5 7.2 8.6 9.2 8.8 7.8 8.2 Grant Element (%) 71.4 63.5 48.0 63.0 72.3 65.4 63.0 53.7 PRIVATE CREDITORS Interest (%) 5.9 8.0 6.0 6.3 6.0 4.5 15.4 11.1 Maturity (years) 13.3 10.7 6.9 10.9 13.0 10.3 9.3 9.1 Grace Period (years) 3.8 2.4. 1.6 1.5 3.0 2.8 3.8 2.4 Grant Element (%) 21.0 9.2 12.1 15.1 19.8 24.4 -27.5 -6.5 MAJOR ECONOMIC AGGREGATES (U.S. $ MILL!ONS) Gross Nat. Product GNP) 61,731 86,898 89,887 105,092 118,816 131,526 159,318 162,000 Exports of G. & S. XGS) 2.872 4,501 7.306 8,775 9,695 11,871 . Imports of G. & S. MGS) 3,174 5,385 6,118 7,025 9,458 12,424 Intl. Reserves (RES) 1,367 2,324 3,729 6,085 8,316 11,815 12,010 8,109 PRINCIPAL RATIOS DOD/XGS % 340.1 254.7 181.7 165.7 158.4 131.4 * DOD/GNP % 15.8 13.2 14.8 13.8 12.9. 11.9 10.9 11.1 TDS/XGS % 21.5 16.4 10 3 9.3 9.7 8.6 . TDS/GNP % 1.0 0.8 0.8 0.8 0.8 0.8 0.6 0.6 INT/XGS % 8.4 5.6 3.6 3.3 3.5 3.2 . INT/GNP YO 0.4 0.3 0.3 0.3 0.3 0.3 0.2 0.2 RES/DOD %/ 14.0 20.3 28.1 41.9 54.2 75.8 69.2 45.3 RES/MGS months) 5.2 5.2 7.3 10.4 10.6 11.4 . MEMORANDA Proportion of Disbursed Debt Concessional Loans (%) 86.8 90.2 92.0 92.2 92.2 92.3 91.4 88.5 Var. Int. Rate Loans (%) - - - - - - 1.4 2.9 Use of IMF Credit(US$ mil) - 608.5 472.1 152.0 - - 339.3 658.8 1982 1983 1984 1985 1986 1987 1988 1989 PROJECTED PUBLIC DEBT SERVICE TOTAL DEBT SERVICE 1,198.9 1,318.4 1,342.3 1,485.9 1,615.9 1,605.2 1,468.3 1,442.6 Principal 713.0 774.8 760.9 883.3 1,039.3 1,073.1 983.3 1,000.9 Interest 485.9 543.6 581.4 602.6 576.7 532.1 485.0 441.6 OFFICIAL CREDITORS 1,028.2 1,102.2 1,107.7 1,183.2 1,269.6 1,312.5 1,237.2 1,234.7 Principal 639.3 678.1 663.8 729.1 818.1 874.7 820.6 838.2 Interest 388.9 424.1 443.9 454.1 451.5 437.9 416.7 396.5 PRIVATE CREDITORS 170.7 216.2 234.6 302.6 346.3 292.7 231.1 207.9 Principal 73.7 96.7 97.1 154.1 221.2 198.4 162.8 162.7 Interest 97.0 119.5 137.5 148.5 125.1 94.2 68.3 45.2 252 iNDIA (US$ millions) 1972 1974 1976 1977 1978 1979 1980 1981 PRIVATE NON-GUARANTEED DEBT DEBT OUTS.DISB. ONLY .. 122.8 104.6 108.6 132.1 114.7 110.1 150.4 Official Sources - - - - - Private Sources .. 122.8 104.6 108.6 132.1 114.7 110.1 150.4 Foreign Parent Comp. - - - - - - Financial Institutions - - - - - - - Suppliers 122.8 104.6 108.6 132.1 114.7 110.1 150.4 DISBURSEMENTS .. 18.0 30.5 22.9 44.7 13.5 23.8 81.5 Official Sources - - - - - - - Private Sources .. 18.0 30.5 22.9 44.7 13.5 23.8 81.5 Foreign Parent Comp. - - - - - - - Financial Institutions - - - - - - - Suppliers .. 18.0 30.5 22.9 44.7 13.5 23.8 81.5 PRINCIPAL REPAYMENTS .. 37.C 29.5 27.0 26.2 28.0 24.3 25.9 Official Sources - - - - - - - Private Sources .. 37.0 29.5 27.0 26.2 28.0 24.3 25.9 Foreign Parent Comp. - - - - - - - Financial Institutions - - - - - - - Suppliers .. 37.0 29.5 27.0 26.2 28.0 24.3 25.9 NET FLOWS .. -19.0 1.0 -4.1 18.5 -14.5 -0.5 55.6 Official Sources - - - - - - - Private Sources .. -19.0 1.0 -4.1 18.5 -14.5 -0.5 55.6 Foreign Parent Comp. - - - - - - _ Financial Institutions ..- - - - - - - Suppliers .. -19.0 1.0 -4.1 18.5 -14.5 -0.5 55.6 INTEREST PAYMENTS .. 8.4 6.7 6.6 6.5 9.0 6.4 6.4 Official Sources - - - _ _ Private Sources .. 8.4 6.7 6.6 6.5 9.0 6.4 6.4 Foreign Parent Comp. - - - - - - - Financial Institutions . - - - - - - - Suppliers . 8.4 6.7 6.6 6.5 9.0 6.4 6.4 NET TRANSFERS .. -27.4 -5.7 -10.7 12.0 -23.5 -6.9 49.2 Official Sources - - - - - - - Private Sources .. -27.4 -5.7 -10.7 12.0 -23.5 -6.9 49.2 Foreign Parent Comp. - - - - - - - Financial Institutions . - - - - - - - Suppliers .. -27.4 -5.7 -10.7 12.0 -23.5 -6.9 49.2 TOTAL DEBT SERVICE .. 45.4 36.2 33.6 32.7 37.0 30.7 32.3 Official Sources - - - - - - - Private Sources .. 45.4 36.2 33.6 32.7 37.0 30.7 32.3 Foreign Parent Comp. - - - - - - - Financial Inst-tutions - - - - - - - Suppliers 45.4 36.2 33.6 32.7 37.0 30.7 32.3 1982 1983 1984 1985 1986 1987 1988 1980 PROJECTED NON-GUARANTEED DEBT SERVICE TOTAL DEBT SERVICE 39.3 38.0 27.9 23.0 20.8 14.9 13.3 10.5 Principal 28.3 29.2 21.0 17.6 16.6 12.3 11.6 9.6 Interest 11.0 8.8 6.9 5.4 4.2 2.6 1.7 0.9 253 INDIA (US$ M4l71ons) 1972 1974 1976 1977 1978 1979 1980 1981 PUBLIC AND PRIVATE DEBT DEBT OUTS.DISB. ONLY . 11,588.6 13,379.7 14,648.8 15,486.3 15,709.5 17,471.4 18,053.2 DISBURSEMENTS .. 1,460.4 1,549.7 1,183.7 1,217.1 1,180.4 2,504.5 2,104.5 PRINCIPAL REPAYMENTS .. 521.5 520.6 554.2 621.2 667.7 660.4 632.1 NET FLOWS . 938.9 1,029.1 629.6 595.9 512.7 1,844.2 1,472.4 INTEREST PAYMENTS 261.6 267.5 293.2 348.5 384.5 369.1 400.3 NET TRANSFERS .. 677.3 761.6 336.4 247.4 128.2 1,475.0 1,072.2 TOTAL DEBT SERVICE .. 783.1 788.1 847.4 969.8 1,052.1 1,029.5 1,032.4 1982 1983 1984 1985 1986 1987 1988 1989 PROJECTED PUBLIC AND PRIVATE DEBT SERVICE TOTAL DEBT SERVICE 1,238.2 1,356.4 1,370.2 1,508.9 1,636.7 1,620.1 1,481.6 1,453.1 PRINCIPAL 741.3 804.0 781.9 900.9 1,055.9 1,085.4 994.9 1,010.5 INTEREST 496.9 552.4 588.3 608.0 580.9 534.7 486.7 442.5 254 MALDIVES (USs Millions) 1972 1974 1976 1977 1978 1979 1980 1981 TOTAL DEBT OUTSTANDING DISBURSED ONLY TOTAL DEBT .. Public / Publicly Guar. .. .. 0.1 1.8 3.9 6.6 24.8 38.9 Private Non-guaranteed .. .. . .. .. .. . PUBLIC / PUBLICLY GUARANTEED DEBT DEBT OUTS. INC. UNDIS. .. .. 6.2 6.9 19.5 23.4 45.7 58.7 Official Creditors .. .. 6.2 6.9 19.5 23.4 43.9 56.1 Multilateral .. .. - 0.5 1.5 5.5 9.5 17.7 IBRD - - - -. IDA .. .. - - - 3.2 3.2 3.2 Bilateral . . 6.2 6.4 18.0 17.9 34.4 38.4 Private Creditors .. .. - - - - 1.9 2.6 Suppliers .. .. - - - - 1.9 1.3 Financial Markets .. .. - - - - - 1.3 DEBT OUTS. DISB. (DOD) .. .. 0.1 1.S 3.9 6.6 24.8 38.9 Official Creditors .. .. 0.1 1.8 3.9 6.6 24.8 36.3 Multilateral .. .. - 0.5 0.5 0.9 3.5 11.2 IBRDi .. .. - - - - 1. 2. IDA - - - - 1.6 2.1 Bilateral .. .. 0.1 1.3 3.4 5.7 21.3 25.0 Private Creditors .. .. - - - - - 2.6 Suppliers .. .. - - - - - 1.3 Financial Markets .. .. - - - - - 1.3 COMMITMENTS .. .. 6.1 0.5 12.2 4.0 22.1 14.8 Official Creditors .. .. 6.1 0.5 12.2 4.0 20.3 13.4 Mult4lateral .. .. - 0.5 1.0 4.0 4.0 8.3 IBRD .. IDA .. - - - 3.2 - - Bilateral .. .. 6.1 - 11.2 - 16.3 5.1 Private Creditors .. .. - - - - 1.8 1.4 Suppliers .. .. - - - - 1.8 - Financial Markets .. .. - - - - - 1.4 DISBURSEMENTS .. .. 0.1 1.6 2.1 2.7 18.1 15.2 Official Creditors .. .. 0.1 1.6 2.1 2.7 18.1 12.2 Multilateral .. .. - 0.5 - 0.4 2.6 7.8 IBRD . .. - - - - 1 0 IDA - - - - 1.6 0.5 Bilateral .. .. 0.1 1.1 2.1 2.3 15.5 4.4 Private Creditors - - - - - 3.0 Suppliers _ _ _ - 1.6 Financial Markets .. .. - - - - - 1.4 PRINCIPAL REPAYMENTS .. .. - - - - - 0.2 Official Creditors .. .. - - - - - 0.0 Multilateral .- IBRD . IDA _ Bilateral . . 0.0 Private Creditors .. . - - - - - 0.2 SUDPliers .. .. - - - - 0.2 Financial Markets .- NET FLOWS .. .. 0.1 1.6 2.1 2.7 18.1 15.0 Official Creditors .. . 0.1 1.6 2.1 2.7 18.1 12.2 Multilateral .. .. - 0.5 - 0.4 2.6 7.8 IBRD - - - - IDA - - - - 1.6 O.S Bilateral .. .. 0.1 1.1 2.1 2.3 15.5 4.4 Private Creditors - - - - - 2.8 Suppliers - - - - 1.4 Financial Markets .. .. - - - - - 1.4 INTEREST PAYMENTS(INT) .. .. - 0.0 0.0 0.1 0.3 0.5 Official Creditors .. .. - 0.0 0.0 0.1 0.3 0.4 Multilateral .. .. - 0.0 0.0 0.0 0.0 0.0 IBRD .- - - - - IDA .. .. - - - - - 0.0 Bilateral .. .. - 0.0 0.0 0.1 0.3 0.4 Private Creditors .. .. - - - - - 0.0 Suppliers .. .. - - - - - 0.0 Financial Markets .- 255 MALDIVES (uSS Mi11ions) 1972 1974 1976 1977 1978 1979 1980 1981 NET TRANSFERS .. .. 0.1 1.6 2.1 2.6 17.9 14.5 Official Creditors .. .. 0.1 1.6 2.1 2.6 17.9 11.7 Multilateral . .. - 0.5 0.0 0.4 2.6 7.8 IBR. - - - - IDA .. .. - - - - 1.6 0.5 Bilateral . .. 0.1 1.1 2.1 2.2 15.3 4.0 Private Creditors .. .. - - - - - 2.8 Suppliers .. .. - - - - - 1.4 Financial Markets .. .. - - - - - 1.4 TOTAL DEBT SERVICE(TDS) .. .. - 0.0 0.0 0.1 0.3 0.7 Official Creditors .. .. - 0.0 0.0 0.1 0.3 0.5 Multilateral .. .. - 0.0 0.0 0.0 0.0 0.0 IBRD ,. . - - - - - 0 IDA - - - - 0.0 Bilateral .. .. - 0.0 0.0 0.1 0.3 0.4 Private Creditors .. .. - - - - 0.2 Suppliers .. .. - - - - 0.2 Financial Markets * * AVERAGE TERMS: PUBLIC DEBT NEW COMMITMENTS ALL CREDITORS Interest (%) .. . . 1.7 0.5 2.2 0.7 2.7 3.8 Maturity (years) .. .. 20.3 13.9 18.4 42.7 13.4 14.9 Grace Period (years) .. .. 5.8 4.4 4.7 9.1 3.9 4.5 Grant Element (%) .. .. 57.0 53.7 50.1 77.7 40.6 36.8 OFFICIAL CREDITORS Interest (°h .. .. 1.7 0.5 2.2 0.7 2.3 3.4 Maturity (years) .. .. 20.3 13.9 18.4 42.7 14.0 16.0 Grace Period (years) .. .. 5.8 4.4 4.7 9.1 4.1 4.9 Grant Element (%) .. .. 57.0 53.7 50.1 77.7 43.5 40.1 PRIVATE CREDITORS Interest (%) .. .. - - - - 7.5 7.5 Maturity (years) .. .. - - - - 7.1 5.1 Grace Period (years) .. .. - - - - 1.6 0.6 Grant Element (%) .. .. - - - - 7.6 5.3 MAJOR ECONOMIC AGGREGATES (U.S. $ MILLIONSW Gross Nat. Product (GNP) 21 35 19 21 24 39 49 66 Exports of G. & S. tXGS. . Imports of G. & S. (MGS) . . . . . Intl. Reserves (RES) .. .. .. .. .. .. . PRINCIPAL RATIOS DCD/XGS (%) .. .. . . .. . . ..... DOD/GNP % . . 0.5 8.4 16.0 17.0 50.9 58.6 TDS/XGS % .. .. .. .. .. .. TDS/GNP % .. .. - 0.1 0.2 O.2 0.6 1.0 INT/XGS % .. .. .. .. .. INT/GNP % .. .. - 0.1 0.2 0.2 0.6 0.7 RES/DOD % .. .. .. .. .. .. RES/MGS months) .. .. .. .. .. .. . MEMORANDA Proportion of Disbursed Debt Concessional Loans (%) .. .. 100.0 100.0 100.0 100.0 100.0 78.4 Var. Int. Rate Loans (% _ _ _ _ Use of IMF Credit(US$ mil - - - - - - - 1982 1983 1984 1985 1986 1987 1988 1989 PROJECTED PUBLIC DEBT SERVICE TOTAL DEBT SERVICE 2.2 5.8 5.4 5.2 5.6 5.2 5.0 5.0 Principal 1.4 4.8 4.5 4.5 4.9 4.7 4.6 4.6 Interest 0.9 1.0 0.8 0.7 0.6 0.5 0.5 0.4 OFFICIAL CREDITORS 1.6 5.1 4.8 4.6 5.0 5.1 5.0 5.0 Principal 0.9 4.3 4.0 4.0 4.4 4.6 4.6 4.6 Interest 0.7 0.9 0.7 0.6 0.6 0.5 0.5 0.4 PRIVATE CREDITORS 0.7 0.7 0.6 0.6 0.5 0.1 - - Principal 0.5 0.5 0.5 0.5 0.5 0.1 - - Interest 0.2 0.2 0.1 0.1 0.0 0.0 - - 256 NEPAL (usS Mi 1;ions) 1972 1974 1976 1977 1978 1979 1S80 1981 TOIAL DEBT OUTSTANDING DISBURSED ONLY TOTAL DEST .. .. . .. .. Public / Publicly Guar. 11.6 27.1 44.3 72.1 87.0 123.1 176.8 233.9 Privat.e Non-guaranteed . . .. .. .. .. .. PUBLIC / PUBLICLY GUARANTEED DEBT DEBT OUTS. INC. UNDISS. 60.1 108.1 236.5 300.6 380.8 446.8 553.9 650.3 Official Creditors 59.3 107.3 235.9 300.6 380.8 446.8 553.9 643.3 Multilateral 46.1 74.3 173.2 240.8 337.C 395.1 499.6 592.5 IBRD - - - - - - - IDA 8.4 33.8 78.8 111.8 175.6 201.4 261.4 293.6 Bilateral 13.2 33.0 56.7 59.7 43.7 51.7 54.3 50.9 Private Creditors 0.8 0.8 0.6 - - - - 7.0 Suppliers 0.8 0.8 0.6 - Financial Markets - - - - - - - 7.0 DEBT OUTS. DISB. (DOD) 11.6 27.1 44.3 72.1 87.0 123.1 176.8 233.9 Official Creditors 10.8 26.3 43.7 72.1 87.0 123.1 176.8 233.9 Multilateral 2.7 13.2 29.5 52.8 74.8 105.6 144.4 192.2 I3RD - - - - - - - - IDA 0.4 3.2 9.3 21.5 32.5 51.1 76.1 108.9 Bilateral 8.1 13.1 14.2 19.3 12.1 17.5 32.4 41.7 Private Creditors 0.8 0.8 0.6 - - - - - Suppliers 0.8 0.8 0.6 - - - Financial Markets - - - - - - - - COMMITMENTS 26.3 24.9 117.5 62.4 106.7 71.4 108.5 109.5 Official Creditors 26.3 24.9 117.5 62.4 106.7 71.4 108.5 102.1 Multilateral 25.0 16.8 90.3 62.4 97.6 59.6 108.5 102.1 IBRD - - - - - - - IDA 4.2 13.8 46.0 33.0 64.2 25.8 60.0 32.7 Bilateral 1.3 8.1 27.2 - 9.1 11.8 - - Private Creditors - - - - - - - 7.4 Suppliers - - - _ _ _ Financial Markets - - - - - - - 7.4 DISBURSEMENTS 3.9 7.6 11.9 30.5 45.3 38.5 55.2 63.6 Official Creditors 3.9 7.6 11.9 30.5 45.3 38.5 55.2 63.6 Multilateral 1.3 6.0 10.7 24.0 23.1 32.2 41.2 51.8 IBRD - - - - - - - - IDA 0.1 1.2 3.8 12.2 11.0 18.6 25.0 32.9 Bilateral 2.6 1.7 1.2 6.5 22.2 6.3 14.0 11.7 Private Creditors - - - - - - - - Suppliers - - Financial Markets - - - - - - - - PRINCIPAL REPAYMENTS 0.2 0.5 1.1 2.0 1.6 1.8 2.1 2.3 Official Creditors 0.2 0.5 1.1 1.4 1.6 1.8 2.1 2.3 Mltilateral - 0.2 0.6 0.8 1.4 1.6 1.9 2.0 IBRD - - - - - - - IDA - - - - - 0.0 0.0 0.0 Bilateral 0.2 0.3 0.5 0.6 0.3 0.2 0.2 0.3 Private Creditors - - - 0.6 - - - - Suppliers - - - 0.6 - - - - Financial Markets - - - - - - - - NET FLOWS 3.7 7.1 10.8 28.5 43.7 36.7 53.1 61.2 Official Creditors 3.7 7.1 10.8 29.1 43.7 36.7 53.1 61.2 Multilateral 1.3 5.8 10.1 23.2 21.7 30.6 39.3 49.8 IBRD - - - - - - - - IDA 0.1 1.2 3.8 12.2 11.0 18.6 25.0 32.9 Bilateral 2.5 1.3 0.7 5.9 21.9 6.1 13.8 11.4 Private Creditors - - - -0.6 - - - - Suppliers - - - -0.6 - - - - Financial Markets - - - - - - - - INTEREST PAYMENTS(INT) 0.1 0.3 0.6 0.8 1.1 1.5 1.8 2.6 Official Creditors 0.1 0.3 0.6 0.8 1.1 1.5 1.8 2.6 Multilateral 0.0 0.2 0.5 0.6 0.9 1.3 1.4 1.6 IBRD - - - - - - - - IDA - 0.0 0.1 0.1 0.2 0.3 0.4 0.7 Bilateral 0.0 0.1 0.2 0.2 0.2 0.2 0.5 0.9 Private Creditors - - - - - - - - Suppliers - _ _ _ Financial Markets - - - - - - - - 257 NEPAL (USS Millions) 1972 1974 1976 1977 1978 1979 1980 1981 NET TRANSFERS 3.7 6.8 10.2 27.7 42.5 35.2 51.2 58.7 Official Creditors 3.7 6.8 10.2 28.3 42.5 35.2 51.2 58.7 Multilateral 1.2 5.6 9.7 22.6 20.8 29.3 37.9 48.2 IBRD - - - IDA O.1 1.1 3.7 12.1 10.9 18.3 24.6 32.2 Bilateral 2.4 1.2 0.5 5.7 21.7 5.9 13.3 10.5 Private Creditors - - - -0.6 - - - - Suppliers - - - -0.6 - - - - Financial Markets - - - TOTAL DEBT SERVICE(TDS) 0.3 0.8 1.7 2.8 2.7 3.3 4.0 4.9 Official Creditors 0.3 0.8 1.7 2.2 2.7 3.3 4.0 4.9 Multilateral 0.0 0.4 1.0 1.4 2.3 2.9 3.3 3.7 IBRD - - - - - - IDA - 0.0 0.1 0.1 0.2 0.3 0.5 0.7 Bilateral 0.2 0.4 0.7 0.8 0.5 0.5 0.7 1.2 Private Creditors - - - 0.6 - - - - Suppliers - - - 0.6 - - - - Financial Markets - - - - - - - - AVERAGE TERMS: PUBLIC DEBT NEW COMMITMENTS ALL CREDITORS Tnterest t%) 1.7 0.8 1.0 0.8 0.8 1.1 0.8 1.4 Maturity tyears) 30.2 48.7 41.0 42.9 43.3 40.3 41.6 40.5 Grace Period (years) 7.1 10.3 9.8 9.4 9.7 7.9 9.4 9.9 Grant Element (%) 64.3 82.7 77.8 79.1 78.5 72.8 77.6 73.9 OFFICIAL CREDITORS Interest (%) 1.7 0.8 1.0 0.8 0.8 1.1 0.8 0.9 Maturity (years) 30.2 48.7 41.0 42.9 43.3 40.3 41.6 42.1 Grace Period (years) 7.1 10.3 9.8 9.4 9.7 7.9 9.4 9.7 Grant Element M%) 64.3 82.7 77.8 79.1 78.5 72.8 77.6 78.4 PRIVATE CREDITORS Interest (%) - - - - - - - 8.2 Maturity years) - - - - - - - 18.7 Grace Period (years) - - - - - - - 13.2 Grant Element (%) - - - - - - - 12.0 MAJOR ECONOMIC AGGREGATES (U.S. S MILLIONS) Gross Nat. Product (GNP) 1,040 1,231 1,471 1,408 1,624 1,795 2,030 2,417 Exports of G. & S. (XGS) .. .. 170 162 195 236 272 308 Imports of G. & S. MGS) . . 199 212 279 329 419 458 Intl. Reserves (RES 107 146 145 161 178 235 272 262 PRINCIPAL RATIOS DOD/XGS % .. .. 26.0 44.4 44.5 52.1 65.1 76.0 DOD/GNP % 1.1 2.2 3.0 5.1 5.4 6.9 8.7 9.7 TDS,'XGS % .. .. 1.0 1.7 1.4 1.4 1.5 1.6 TDS/GNP % - 0.1 0.1 0.2 0.2 0.2 0.2 0.2 INT/XGS % .. .. 0.4 0.5 0.6 0.7 0.7 0.8 INT/GNP % - - - 0.1 0.1 0.1 0.1 0.1 RES/DOD % 924.6 536.6 327.5 224.0 204.8 191.1 153.9 112.0 RES/MGS months) .. .. 8.8 9.1 7.7 8.6 7.a 6.9 MEMORANDA Proportion of Disbursed Debt Concessional Loans (%) 92.0 90.7 93.2 96.9 97.6 98.8 99.3 99.7 Var. Int. Rate Loans (%) - - - - - - - - Use of IMF Credit(US$ mil) - - 5.2 5.5 12.4 11.2 24.2 21.9 1982 1983 1984 1985 1986 1987 1988 1989 PROJECTED PUBLIC DEBT SERVICE TOTAL DEBT SERVICE 6.0 8.0 10.5 13.2 16.2 18.4 19.4 19.9 Principal 2.9 4.1 5.9 8.0 10.5 12.5 13.4 13.9 Interest 3.1 3.9 4.6 5.2 5.7 5.9 6.0 6.0 OFFICIAL CREDITORS 5.9 7.7 10.1 12.8 15.7 17.9 18.8 19.3 Principal 2.9 4.1 5.9 8.0 10.5 12.5 13.4 13.9 Interest 3.0 3.6 4.3 4.8 5.2 5.4 5.4 5.4 PRIVATE CREDITORS 0.1 0.3 0.4 0.4 0.5 0.6 0.6 0.6 Principal - - - - - - - - Interest 0.1 0.3 0.4 0.4 0.5 0.6 0.6 0.6 258 PAKISTAN (USs Mill ions) 1972 1974 1976 1977 1978 1979 1980 1981 TOTAL DEBT OUTSTANDING DISBURSED ONLY TOTAL DEBT . . .. 6,013.9 6,813.5 7,603.4 8,013.9 8,797.2 8,838.5 Public / Publicly Guar. 3.795.0 4,633.9 6,000.7 6,796.0 7,582.9 7,998.1 8,779.1 8,813.9 Private Non-guaranteed . . .. 13.2 17.5 20.5 15.8 18.1 24.6 PUBLIC / PUBLICLY GOUARANTEED DEBT DEBT OUTS. INC. UNDISB. 4,778.4 6,734.6 7,878.8 8,802.4 9,928.6 10,645.7 11,413.7 11,439.9 Official Creditors 4,388.2 6,408.2 7,545.6 8.376.7 9,469.9 10,118.2 10,697.2 10.832.5 Multilateral 933.9 1,203.6 1,570.8 1,853.4 2,264.7 2,485.1 2,996.8 3,236.! IBRO 389.5 391.3 441.0 465.9 443.4 405.0 371.9 342.2 IDA 473.0 608.1 713.6 793.8 963.9 1,099.5 1,279.5 1,414.1 Bilateral 3,454.3 5,204.7 5,974.8 6,523.4 7,205.2 7,633.1 7,700.5 7,596.3 Private Creditors 390.2 326.4 333.2 425.7 458.7 527.4 716.4 607.4 Suppliers 316.2 175.0 141.8 200.2 223.7 225.6 202.5 176.4 Financial Markets 74.0 151.4 191.3 225.5 235.0 301.9 513.9 421.0 DEBT OUTS. DISB. (DOD) 3,795.0 4,633.9 6,000.7 6,796.0 7,582.9 7,998.1 8,779.1 8,813.9 Official Creditors 3,473.9 4,376.5 5,763.1 6,483.3 7,253.5 7,636.2 8,213.5 8,302.7 Multilateral 704.7 815.6 991.2 1,175.4 1,404.6 1,540.3 1,819.0 1,901.7 IERD 327.7 289.7 320.1 328.4 333.4 339.4 329.6 310.1 IDA 365.5 499.8 548.8 623.2 678.0 750.6 820.9 908.8 Bilateral 2,769.2 3,560.9 4,771.9 5,307.9 5,848.9 6,095.9 6,394.5 6,401.0 Private Creditors 321.2 257.4 237.6 312.7 329.5 361.9 565.6 511.2 Suppliers 256.4 150.8 105.4 138.5 168.4 171.4 175 8 143.1 Financial Markets 64.8 106.7 132.2 174.2 161.1 190.5 389.8 368.1 COMMITMENTS 332.6 1,763.0 1,146.8 897.1 1,014.5 1,250.7 1,228.9 872.4 Official Creditors 322.3 1,660.1 1,019.6 771.5 935.0 1,105.8 930.4 823.8 Multilateral 88.5 286.9 305.7 307.6 439.1 285.6 570.2 333.7 IBRD - 60.0 75.0 45.0 - - - - IDA 50.0 87.0 113.6 83.0 174.2 139.0 184.8 149.3 Bilateral 233.8 1,373.2 712.9 464.0 495.8 820.2 360.2 490.0 Private Creditors 10.3 102.9 127.3 125.5 79.5 145.0 298.5 48.7 Suppliers 8.7 9.8 51.5 68.9 39.0 44.6 18.7 22.7 Financial Markets 1.6 93.1 75.8 56.6 40.6 100.4 279.8 26.0 DISBURSEMENTS 293.1 822.8 894.5 782.7 745.0 886.8 1,209.0 672.7 Official Creditors 265.7 737.4 838.0 666.8 673.9 777.4 902.2 587.4 Multilateral 37.6 98.0 152.3 208.4 255.2 184.9 326.9 164.3 IBRD 10.3 13.2 57.2 27.9 27.5 29.3 16.0 7.2 IDA 25.0 67.5 71.4 76.9 57.4 76.1 73.9 97.3 Bilateral 228.1 639.4 685.7 458.4 418.6 592.6 575.3 423.1 Private Creditors 27.4 85.4 56.5 115.9 71.1 109.3 306.8 85.3 Suppliers 20.6 17.0 16.1 48.0 47.7 43.3 45.1 14.9 Financial Markets 6.8 68.4 40.4 67.8 23.5 66.1 261.7 70.4 PRINCIPAL REPAYMENTS 101.8 112.5 149.0 175.9 204.4 298.0 344.7 331.5 Official C,-editors 66.8 76.0 109.1 131.7 144.6 219.8 254.9 225.9 Multilateral 29.5 30.8 29.5 25.2 30.7 50.6 40.9 56.5 IBRO 28.8 28.0 19.8 19.6 22.5 23.4 25.8 26.7 IDA 0.3 1.9 6.7 2.5 2.6 3.4 3.6 9.7 Bilateral 37.4 45.2 79.7 106.5 113.9 169.3 214.0 169.4 Private Creditors 35.0 36.5 39.9 44.2 59.8 78.1 89.8 105.6 Suppliers 28.0 26.4 17.4 16.0 26.0 40.0 36.6 32.0 Financial Markets 6.9 10.1 22.4 28.2 33.8 38.2 53.2 73.6 NET FLOWS 191.3 710.3 745.5 606.8 540.6 588.8 864.3 341.2 Official Creditors 198.9 661.4 728.9 535.1 529.3 557.6 647.4 361.5 Multilateral 8.2 67.2 122.8 183.2 224.5 134.3 286.0 107.9 IBRO -18.5 -14.8 37.4 8.3 5.0 5.9 -9.8 -19.5 IDA 24.7 65.5 64.7 74.4 54.8 72.7 70.3 87.6 Bilateral 190.7 594.2 606.1 351.9 304.8 423.3 361.3 253.6 Private Creditors -7.6 48.9 16.7 71.7 11.3 31.2 217.0 -20.3 Suppliers -7.4 -9.4 -1.3 32.1 21.6 3.3 8.5 -17.1 Financial Markets -0.1 58.3 18.0 39.7 -10.3 27.9 208.5 -3.2 INTEREST PAYMENTS(INT) 74.4 83.2 128.9 141.2 179.2 213.2 247.1 197.5 Official Creditors 63.7 72.6 118.7 129.9 153.1 184.2 203.0 142.2 Multilateral 24.7 27.8 47.6 39.9 50.3 58.7 62.0 58.4 IBRO 21.6 23.0 34.4 27.1 31.7 34.0 32.7 27.5 IDA 2.2 3.4 5.6 4.3 4.8 5.3 5.8 6.4 Bilateral 39.0 44.8 71.1 90.0 102.7 125.5 141.0 83.8 Private Creditors 10.7 10.6 10.2 11.4 26.1 29.0 44.2 55.4 Suppliers 8.8 6.7 4.1 4.6 12.8 11.9 13.6 12.4 Financial Markets 1.9 3.9 6.2 6.8 13.3 17.1 30.5 43.0 PAKISTAN (US$ Millions) 1972 1974 1978 1977 1978 1979 1980 1981 NET TRANSFERS 117.0 627.1 616.6 485.6 361.4 375.6 617.2 143.7 Official Creditors '35.2 588.8 610.2 405.2 376.2 373.4 444.4 219.3 Multilateral -16.5 39.4 75.2 143.3 174.2 75.6 224.0 49.5 IBRD -40.1 -37.8 3.0 -18.8 -26.7 -28.2 -42.5 -47.0 IDA 22.5 62.1 59.1 70.1 50.0 67.4 64.4 81.2 Bilateral 151.7 549.4 535.0 261.9 202.0 297.8 e 220.4 169.9 Private Creditors -18.2 38.3 6.4 60.4 -14.8 2.2 172.8 -75.7 Suppliers -16.2 -16.1 -5.4 27.5 8.9 -8.6 -5.1 -29.5 Financial Markets -2.0 54.4 11.8 32.9 -23.7 10.8 178.0 -46.2 TOTAL DEBT SERVICE(TDS) 176.2 195.7 277.9 317.1 383.6 511.1 591.8 529.0 Official Creditors 130.5 148.6 227.8 261.6 297.6 404.0 457.9 368.1 Multilateral 54.2 58.6 77.1 65.1 81.0 109.3 102.9 114.8 IBRD 50.4 51.1 54.2 46.7 54.2 57.5 58.5 54.2 IDA 2.6 5.4 12.3 6.8 7.5 8.7 9.5 16.0 Bilateral 76.4 90.0 150.7 196.5 216.6 294.7 355.0 253.2 Private Creditors 45.6 47.1 50.1 55.5 85.9 107.1 134.0 161.0 Suppliers 36.8 33.1 21.5 20.6 38.8 51.9 50.2 44.4 Financial Markets 8.8 14.0 28.6 35.0 47.1 55.3 83.8 116.6 AVERAGE TERMS: PUBLIC DEBT NEW COMMITMENTS ALL CREDITORS Interest (%) 2.6 3.2 4.1 3.8 2.4 3.3 4.1 4.2 Maturity (years) 35.7 23.6 25.4 30.1 32.8 26.1 26.0 25.8 Grace Period (years) 8.8 6.1 6.7 7.4 8.1 6.4 6.6 6.8 Grant Element (%) 61.0 48.1 44.1 49.0 60.2 49.9 46.5 49.7 OFFICIAL CREDITORS Interest (%) 2.5 2.8 3.6 3.1 1.9 2.2 1.9 3.9 Maturity tyears) 36.6 24.5 27 4 33.5 34.8 28.3 31.3 30.0 Grace Period (years) 9.0 6.4 7.2 8.2 8.6 7.1 8.4 7.2 Grant Element (%) 62.3 51.3 49.1 56.2 65.0 56.9 62.5 52.6 PRIVATE CREDITORS Interest (%) 3.9 9.9 8.8 8.5 8.9 11.2 11.1 10.4 Maturity (years) 8.8 9.1 9.4 8.7 10.0 9.3 9.7 8.9 Grace Period (years) 2.4 1.6 2.7 1.9 1.8 1.3 1.2 1.' Grant Element (%) 19.4 0.1 4.3 5.0 4.1 -3.4 -3.5 0.5 MAJOR ECONOMIC AGGREGATES (U.S. $ MILLIONSI Gross Nat. Product (GNP) 9,326 8,835 13,641 15,650 18.587 21.047 25.318 29.986 Exports of G. & S. XGS) 873 1,447 1,884 2,330 3.143 4.026 5,340 5,526 Imports of G. & S. (MGS 1,157 2,427 2,799 3.190 4,072 5,388 6,674 6,968 Intl. Reserves (RES) 324 688 684 716 796 1.144 1,568 1,455 PRINCIPAL RATIOS 8OD/XGS % 434.8 320.3 318.5 291.6 241.3 198.7 164.4 159.5 DOD/GNP (% 40.7 52.4 44.0 43.4 40.8 38.0 34.7 29.4 TDS/XGS % 20.2 13.5 14.7 13.6 12.2 12.7 11.1 9.6 TDS/GNP % 1.9 2.2 2.0 2.0 2.1 2.4 2.3 1.8 INT/XGS % 8.5 5.8 6.8 6.1 5.7 5.3 4.6 3.6 INT/GNP % 0.8 0.9 0.9 0.9 1.0 1.0 1.0 0.7 RES/DOD % 8.5 14.9 11.4 10.5 10.5 14.3 17.9 16.5 RES/MGS months) 3.4 3.4 2.9 2.7 2.3 2.5 2.8 2.5 MEMORANDA Proportion of Disbursed Debt Concessional Loans (%) 73.3 75.8 83.5 84.2 85.5 85.8 84.5 85.8 Var. Int. Rate Loans (% - - - - 0.1 0.2 1.2 1.4 Use of IMF Credit(US$ mil 120.2 292.5 510.7 531.6 514.7 444.4 382.3 756.6 1982 1983 1984 1985 1986 1987 1988 1989 PROJECTED PUBLIC DEBT SERV!CE TOTAL DEBT SERVICE 610.4 745.3 713.4 743.5 772.1 762.1 751.4 715.7 Principal 376.4 490.1 471.5 510.1 551.4 558.1 564.5 546.3 Interest 234.1 255.2 241.9 233.4 220.7 204.0 186.9 169.4 OFFICIAL CREDITORS 459.6 606.2 589.6 642.1 685.0 687.5 696.3 667.4 Principal 277.4 397.1 385.9 438.6 487.3 500.1 520.6 505.3 Interest 182.2 209.0 203.6 203.5 197.7 1S7.4 175.7 162.1 PRIVATE CREDITORS 150.8 139.1 123.8 101.4 87.2 74.6 55.1 48.3 Principal 99.0 93.0 85.6 71.5 64.1 58.0 43.8 41.1 Interest 51.8 46.2 38.2 29.9 23.0 16.6 11.2 7.3 260 PAKISTAN (US$ Mi! 'ions) 1972 1974 1976 1977 1978 1979 1980 1981 PRIVATE NON-GUARANTEED DEBT DEBT OUTS.DISB. ONLY .. .. 13.2 17.5 20.5 13.8 18.1 24.6 Official Sources .- - - - - Private Sources .. . 13.2 17.5 20.5 15.8 '8.1 2A.6 Foreign Parent Comp. - - - Financial Institutions - - - - Suppliers . 17.5 20.5 15.8 18.1 24.6 DISBURSEMENTS .. .. .. 7.0 7.0 .. 9.1 15.1 Official Sources .. .. .- - - Private Sources .. .. .. 7.0 7.0 .. 9.1 15.1 Foreign Parent Comp. .. - - Financial Institutions ..- - Suppliers .. .. .. 7.0 7.0 9.1 15.1 PRINCIPAL REPAYMENTS .. .. .. 1.4 4.0 4.7 6.8 8.7 Official Sources - - - - Private Sources 1.4 4.0 A.7 6.8 8.7 Foreign Parent Comp. ..- - - - Financial Institutions I - - - Suppliers 1.4 4.0 4.7 6.8 8.7 NET FLOWS .. .. .. 5.6 3.0 .. 2.3 6.4 Official Sources .. ..- - - Private Sources .. .. .. 5.6 3.0 2.3 6.4 Foreign Parent Comp. ..- - - - Financial Institutions ..- - - - Suppliers .. .. .. 5.6 3.0 2.3 6.4 INTEREST PAYMENTS .. .. .. 0.5 1.0 1.0 1.5 3.2 Official Sources - - - - Private Sources 0.5 1.0 1.0 1.5 3.2 Foreign Parent Comp. .- - - - - Financial Institutions - - - - Suppliers 0.5 1.0 1.0 1.5 3.2 NET TRANSFERS .. .. .. 5.1 2.0 .. 0.8 3.2 Official Sources - - -.. Private Sources 5.1 2.0 0.8 3.2 Foreign Parent Comp. . - - - Financial Institutions - - - - Suppliers .. .. .. 5.1 2.0 .. 0.8 3.2 TOTAL DEBT SERVICE .. .. .. 1.9 5.0 5.7 8.3 11.9 Official Sources .- - - - - Private Sources .. .. .. 1.9 5.0 5.7 8.3 11.9 Foreign Parent Comp. .- - - - Financial Institutions - - - - - Suppliers 1.9 5.0 5.7 8.3 11.9 1982 1983 1984 1985 1986 1987 1988 1989 PROJECTED NON-GUARANTEED DEBT SERVICE TOTAL DEBT SERVICE 6.2 6.9 6.3 5.0 2.9 0.6 0.2 0.1 Principal 5.2 5.7 5.5 4.6 2.7 0.6 0.2 0.1 Interest 1.0 1.2 0.8 0.4 0.2 - - - 261 PAKISTAN (USS Mi$11 is) 1972 1974 1976 1977 1978 1979 1980 1981 PUBL!IC AND PRIVATE DEBT DEBT OUTS.DISB. ONLY 6,013.9 6,813.5 7,603.4 8,013.9 8,797.2 8,838.5 DISBURSEMENTS . 789.7 752.0 .. 1,218.1 687.8 PRINCIPAL REPAYMENTS . .. 177.3 208.4 302.7 351.5 340.2 NET FLOWS .. .. .. 612.4 543.6 .. 886.6 347.6 INTEREST PAYMENTS .. .. .. 141.7 180.2 214.2 248.6 200.7 NET TRANSFERS .. .. .. 470.7 363.4 .. 618.0 146.9 TOTAL DEBT SERVICE .. .. .. 319.0 388.6 516.8 600.1 540.9 1982 1983 1984 1985 1986 19E7 1988 1989 PROJECTED PUBLIC AND PRIVATE DEBT SERVICE TOTAL DEBT SERVICE 616.6 752.2 719.7 748.5 775.0 762.7 751.6 715.8 PRINCIPAL 381.6 495.8 477.0 514.7 554.1 558.7 564.7 546.4 INTEREST 235.1 256.4 242.7 233.8 220.9 204.0 186.9 169.4 262 SRI LANKA (US$ Millions) 1972 1974 1976 1977 1978 1979 1980 1981 TOTAL DEBT OUTSTANDING DISBURSED ONLY TOTAL DEBT . . .. 691.7 779.4 1,017.8 1,092.2 1,330.7 1,588.8 Public / Publicly Guar. 421.9 587.6 691.6 779.0 1.017.4 1,091.1 1,327.4 1,584.8 Private Non-guaranteed .. .. 0.1 0.4 0.4 1.1 3.3 4.0 PUBLIC / PUBLICLY GUARANTEED DEB1 DEBT OUTS. INC. UNDISB. 604.0 865.6 1,087.5 1,191.7 1,508.2 1,743.4 2,385.4 3,074.0 Official Creditors 527.7 664.S 965.9 1,107.1 1,451.8 1,622.3 2,060.0 2,558.1 Multilateral 111.3 141.7 200.4 259.9 364.2 502.8 734.4 954.1 IBRD 55.9 50.7 43.8 40.1 36.6 33.5 30.7 28.8 IDA 20.1 51.0 80.5 121.7 147.2 214.8 361.7 517.8 Bilateral 416.4 523.2 765.5 S47.2 1,087.6 1,119.5 1,325.6 1,604.0 Private Creditors 76.2 200.7 121.7 84.6 56.3 121.1 325.4 515.9 Suppliers 62.5 188.4 120.9 84.0 55.9 48.4 88.0 120.0 Financial Markets 13.8 12.3 0.8 0.6 0.5 72.7 237.3 395.9 DEBT OUTS. DISS. (DOD) 421.9 587.6 691.6 779.0 1,017.4 1,091.1 1,327.4 1,584.8 Official Creditors 355.6 452.9 575.6 707.1 966.0 1,049.1 1,202.4 1,290.2 Multilateral 45.4 74.0 106.3 132.8 221.0 280.6 335.6 374.0 IBRO 28.6 33.8 36.0 34.3 33.3 32.6 30.7 28.8 IDA 8.1 25.0 43.6 54.7 65.9 78.2 97.9 125.7 Bilateral 310.2 378.9 469.3 574.3 745.0 768.5 866.7 916.2 Private Creditors 66.4 134.7 116.0 71.9 51.4 42.0 125.0 294.7 Suppliers 52.6 122.4 115.2 71.3 51.1 41.7 35.8 40.8 Financial Markets 13.8 12.3 0.8 0.6 0.3 0.3 89.2 253.9 COMMITMENTS 86.9 233.2 213.6 154.9 311.9 350.9 720.6 871.2 Official Creditors 74.1 99.5 146.5 144.9 310.9 272.1 499.0 639.7 Multilateral 11.1 26.5 8.1 66.9 112.4 143.3 245.2 237.9 IBRD - - - - - - - - IDA - 24.0 - 41.2 25.5 68.0 151.5 158.5 Bilateral 63.0 73.0 138.4 78.0 198.6 128.8 253.8 401.8 Private Creditors 12.8 133.6 67.1 10.0 0.9 78.8 221.7 231.5 Suppliers . 12.6 133.6 66.5 10.0 0.8 7.6 52.8 45.5 Financial Markets 0.2 - 0.6 - 0.1 71.2 168.8 186.0 DISBURSEMENTS 73.8 146.3 200.8 150.2 241.3 187.2 285.8 368.9 Official Creditors 61.2 65.5 111.1 147.9 239.3 181.1 189.9 185.2 Multilateral 9.5 19.1 14.9 31.8 91.7 63.7 63.6 53.8 IBRD 2.6 5.0 3.4 2.0 2.4 2.5 0.4 - IDA 2.9 10.9 5.0 11.1 11.2 12.4 19.9 28.0 Bilateral 51.7 46.4 96.1 116.1 147.6 117.3 126.3 131.4 Private Creditors 12.6 80.8 89.7 2.2 2.0 6.1 95.9 183.7 Suppliers 12.4 80.8 89.1 2.2 2.0 5.9 6.2 16.5 Financial Markets 0.2 - 0.6 - - 0.2 89.8 167.2 PRINCIPAL REPAYMENTS 36.0 52.4 104.1 101.2 64.1 48.1 49.1 42.2 Official Creditors 19.6 26.5 28.3 46.1 32.8 32.9 39.1 32.5 Multilateral 2.3 3.3 4.7 5.3 5.5 5.5 5.0 4.8 IBRD 2.1 2.9 3.6 3.7 3.5 3.1 2.3 1.9 IDA - - - - 0.0 0.0 0.2 0.2 Bilateral 17.3 23.2 23.5 40.8 27.3 27.4 34.1 27.7 Private Creditors 16.4 26.0 75.8 55.2 31.3 15.2 10.0 9.7 Suppliers i4.5 25.4 75.6 55.0 31.0 15.0 9.7 9.0 Financial Markets 0.9 0.5 0.2 0.2 0.2 0.2 0.4 0.7 NET FLOWS 37.8 93.9 96.7 48.9 177.2 139.1 236.6 326.7 Official Creditors 41.6 39.0 82.8 101.9 206.5 148.2 150.8 152.7 Multilateral 7.3 15.9 10.2 26.5 86.2 58.3 58.6 49.0 IBRD 0.4 2.1 -0.2 -1.7 -1.1 -0.6 -1.9 -1.9 IDA 2.9 10.9 5.0 11.1 11.2 12.4 19.7 27.8 Bilateral 34.3 23.2 72.6 75.4 120.3 90.0 92.2 103.7 Private Creditors -3.8 54.9 13.9 -52.9 -29.3 -9.1 85.9 174.0 Suppliers -2.1 55.4 13.4 -52.7 -29.0 -9.1 -3.5 7.5 Financial Markets -0.7 -0.5 0.5 -0.2 -0.2 0.0 89.4 166.6 INTEREST PAYMENTS(INT) 13.7 16.5 23.2 21.4 24.8 28.2 32.4 48.7 Official Creditors 9.2 11.2 14.5 16.0 21.0 24.6 25.6 24.9 Multilateral 2.1 2.9 3.7 3.9 4.8 5.5 5.5 5.2 IBRD 1.8 2.2 2.4 2.4 2.7 2.7 2.6 2.2 IDA 0.0 0.1 0.3 0.4 0.4 0.5 0.6 0.7 Bilateral 7.1 8.3 10.8 12.1 16.2 19.1 20.1 19.7 Private Creditors 4.5 5.3 8.7 5.4 3.9 3.6 6.8 23.8 Suppliers 3.9 4.8 8.7 5.3 3.8 3.0 2.5 2.6 Financial Markets 0.6 0.5 0.1 0.1 0.0 0.6 4.2 21.2 263 SRI LANKA (US$ Millions) 1972 1974 1976 1977 1978 1979 1980 1981 NET TRANSFERS 24.2 7,.4 73.5 27.5 152.4 110.9 204.3 278.0 Official Creditors 32.5 27.8 68.3 85.9 185.5 123.6 125.1 127.8 Multilateral 5.2 13.0 6.5 22.7 81.4 52.8 53.1 43.8 IBRD -t.4 -0.1 -2.6 -4.1 -3.7 -3.4 -4.5 -4.1 IDA 2.8 10.8 4.7 10.7 10.8 11.8 19.1 27.1 Bilateral 27.3 14.9 61.8 63.2 104.1 70.8 72.1 84.0 Private Creditors -8.3 49.6 5.2 -58.3 -33.1 -12.7 79.1 150.3 Suppliers -5.0 50.6 4.8 -58.1 -32.9 -12.1 -6.0 4.9 Financial Markets -1.3 -1.0 0.4 -0.3 -0.2 -0.6 85.2 145.4 TOTAL DEBT SERVICE(TDS) 49.6 68.9 127.2 122.7 89.0 76.3 81.5 90.9 Official Creditors 28.7 37.7 42.7 62.1 53.2 57.5 64.8 57.4 Multilateral 4.4 6.2 8.4 9.2 10.3 11.0 10.5 10.0 IBRD 3.9 5.1 6.0 6.1 6.2 5.9 4.9 4.1 IDA 0.0 0.1 0.3 0.4 0.4 0.6 0.8 1.0 Bilateral 24.4 31.5 34.3 52.9 43.5 46.5 54.2 47.4 Private Creditors 20.9 31.3 84.5 60.6 35.1 18.8 16.8 33.4 Suppliers 1S.4 30.2 84.3 60.3 34.9 18.0 12.2 11.6 Financial Markets 1.5 1.0 0.2 0.3 0.2 0.8 4.6 21.9 AVERAGE TERMS: PUBLIC DEBT NEW COMMITMENTS ALL CREDITORS Interest (%) 3.0 5.1 3.8 2.4 1.8 3.3 3.6 5.2 Maturity (years) 21.2 13.5 19.7 34.8 34.2 29.4 30.1 32.2 Grace Period (Years) 6.1 3.7 5.9 7.9 9.1 7.8 7.8 7.9 Grant Element (%) 48.7 27.1 39.1 61.5 64.7 53.0 52.6 47.3 OFFICIAL CREDITORS Interest (%) 2.3 1.7 2.4 2.1 1.8 1.5 1.2 1.4 Maturity (years) 23.7 27.1 27.2 36.2 34.3 35.4 38.8 40.7 Grace Period (years) 6.9 7.2 8.3 8.2 9.1 9.0 9.7 9.5 Grant Element (%) 55.2 57.7 54.7 64.6 64.9 68.3 73.9 73.0 PRIVATE CREDITORS Interest (%) 7.0 7.6 6.8 6.6 7.8 9.7 8.9 15.7 Maturity years) 6 .8 3.4 3.1 13.9 4.6 8.6 10.3 8.9 Grace Period (years) 1.7 1.0 0.9 3.0 0.9 3.4 3.5 3.5 Grant Element %) 11.0 4.4 5.0 17.0 4.7 0.0 4.6 -23.7 MAJOR ECONOMIC AGGREGATES (U.S. $ MILLIONS) Gross Nat. Product (GNP) 1,972 2,767 2,750 2,699 2,718 3,349 3,998 4,350 Exports of G. & S. (XGS) 372 584 645 870 1,008 1,233 1,492 1,602 Imports of G. & S. (MGS 413 754 703 785 1,114 1,594 2,276 2,177 Intl. Reserves (RES) 59 78 92 293 407 549 283 352 PRINCIPAL RATIOS DOD,/XGS (% 113.6 100.6 107.2 89.6 100.9 88.5 89.0 98.9 DOD/GNP % 21.4 21.2 25.1 28.9 37.4 32.6 33.2 36.4 TDS/XGS % 13.4 11.8 19.7 14.1 8.8 6.2 5.5 5.7 TDS/GNP % 2.5 2.5 4.6 4.5 3.3 2.3 2.0 2.1 INT/XGS (% 3.7 2.8 3.6 2.5 2.5 2.3 2.2 3.0 INT/GNP (% 0.7 0.6 0.8 0.8 0.9 0.8 0.8 1.1 RES/DOD %) 14.0 13.3 13.3 37.6 40.1 50.3 21.3 22.2 RES/MGS months) 1.7 1.2 1.6 4.5 4.4 4.1 1.5 1.9 MEMORANDA Proportion of Disbursed Debt Concessional Loans (%) 67.2 65.4 74.5 81.7 88.2 90.2 86.3 78.2 Var. Int. Rate Loans - - - - - - 6.2 14.9 Use of IMF Credit(US$ mil 81.0 124.5 156.0 206.4 242.2 306.9 269.3 403.7 1982 1983 1984 1985 1986 1987 1988 1989 PROJECTED PUBLIC DEBT SERVICE TOTAL DEBT SERVICE 147.9 154.5 185.6 204.1 225.2 217.4 203.6 169.1 Principal 73.9 73.6 102.2 123.9 151.5 154.4 150.5 125.6 Interest 74.0 80.9 83.4 80.2 73.6 63.0 53.1 43.5 OFFICIAL CREDITORS 86.9 74.7 88.6 100.9 112.1 110.4 112.0 107.0 Principal 38.3 43.2 54.7 65.5 76.3 75.4 77.4 73.0 Interest 28.7 31.5 33.9 35.4 35.8 35.0 34.6 34.0 PRIVATE CREDITORS 81.0 79.9 97.1 103.2 113.0 107.0 91.6 62.2 Principal 35.6 30.4 47.6 58.4 75.2 78.9 73.1 52.7 Interest 45.3 49.4 49.5 44.9 37.8 28.0 18.5 9.5 284 SRI LANKA 1972 1974 1976 1977 1978 1979 1980 1981 PRIVATE NON-GUARANTEED DEBT DEBT OUTS.DISB. ONLY ...0.1 0.4 0.4 1.1 3.3 4.0 Official Sources . Private Sources... 0.11 0.4 0.4~ 1.1 3.3 4.0 Foreign Parent Comp............- Financial Institutions . .. .. Suppliers........ DISBURSEMENTS ... .0.3 -0.8 2.4 2.1 official Sources . Private Sources . .. 0.3- 0.8 2.4 2.1 Foreign Parent Comp. ... Financial Institutions ......... Suppliers . .....- PRINCIPAL REPAYMENTS . .. 0.1 0.2 1.5 Official Souirces . Private Sources....-.- 0.1 0.2 1.5 Fore ign Parent Comp. ... .. .. Financial Institutions . .. .. NET FLOWS . .. 0.3- 0.7 2.2 0.6 Official Sources . Private Sources.... 0.3- 0.7 2.2 0.6 Foreign Parent Comp. ..- ... Financial Institutions . .. .. Suppliers . INTEREST PAYMENTS . .. 0.4 Official Sources .. Private Sources . .. 0.4 Foreign Parent Comip. ....... . Financial Institutions . .. .. Suppliers ... . NET TRANSFERS . .. 0.3 0.7 2.2 0.2 Official Sources . Private Sources ..... 0.3- 0.7 2.2 0.2 Foreign Parent Comp. . ...... Financial Institutions .......... Suppliers .. TOTAL DEBT SERVICE- 0.1 0.2 1.9 Official Sources .. Private Scurces.. ...-- 0.1 0.2 . Foreign Parent Comp. ..-...... Financial Institutions . .. .. Suppliers . .. 1982 1983 1984 1985 1986 1987 1988 1989 PROJECTED NON-GUARANTEED DEBT SERVICE TOTAL DEBT SERVICE 1.8 1.5 1.3 0.4 0.0 0.0 - - Principal 1.4 1.2 1.1 0.3 0.0 0.0- Interest 0.4 0.3 0.2 0.1 0.0 0.0- SRI LANKA (US$ MiNions) 1972 1974 1976 1977 1978 1979 1980 1981 PUBLIC AND PRIVATE DEBT DEBT OUTS.DISB. ONLY .. .. 691.7 779.4 1,017.8 1,092.2 1,330.7 1,588.8 DISBURSEMENTS .. .. .. 150.5 241.3 188.0 288.2 371.0 PRINCIPAL REPAYMENTS .. .. .. 101.2 64.1 48.2 49.3 43.7 NET FLOWS .. . .. 49.2 177.2 139.8 238.8 327.3 INTEREST PAYMENTS .. .. .. 21.4 24.8 28.2 32.4 49.1 NET TRANSFERS .. .. .. 27.8 152.4 111.6 206.5 278.2 TOTAL DEBT SERVICE .. .. .. 122.7 89.0 76.4 81.7 92.8 1982 1983 1984 1985 198e 1987 1988 1989 PROJECTED PUBLIC AND PRIVATE DEBT SERVICE TOTAL DEBT SERVICE 149.7 156.0 186.9 204.5 225.2 217.4 203.6 169.1 PRINCIPAL 75.3 74.8 103.3 124.2 151.5 154.4 150.5 125.6 INTEREST 74.4 81.2 83.6 80.3 7Z.6 63.0 53.1 43.5 266 MORE DEVELOPED MEDIITERRANEAN (US$ Milions) 1972 1974 1976 1977 1978 1979 1980 1981 TOTAL DEBT OUTTSrANDING DISBURSED ONLY TOTAL DEBT 13,035.8 18,755.2 25,056.1 30,260.5 38,845.0 50,507.6 59,258.1 64,700.1 Public,' Puolicly Guar. 9,586.4 13,513.0 17,498.3 20,536.1 26,164.2 33,946.3 41,571.7 45,666.5 Private Non-guaranteed 3,449.4 5,242.2 7,557.8 9,724.4 12,680.8 16,561.3 17,686.4 19,033.6 PUBLIC / PUBLICLY GUARANTEED DEBT DEBT OUTS. INC. UNDISB. 12,406.2 17,559.9 22,659.7 26,597.2 33,567.8 41,780.6 49,161.9 53,865.3 Official Creditors 8,021.5 10,877.1 14,297.8 17,139.7 22,510.9 26,460.4 29,845.9 32,073.7 Multilateral 1,786.0 2,834.3 3,865.3 4,588.7 5.898.6 6,996.7 8,193.1 9,242.6 IBRD 1,326.2 2,034.0 2.826.2 3S345.3 4,319.6 4,965.0 5,785.7 6,692.9 IDA 155.8 196.1 194.3 193.3 192.4 191.3 189.4 188.2 Bilateral 6,235.5 8,042.7 10,432.5 12,550.9 16,612.3 19,463.7 21,652.8 22,831.1 Private Creditors 4,384.7 6,682.8 8,361.9 9.457.5 11,056.9 15,320.2 19,316.0 21,791.6 Suppliers 848.8 935.7 937.5 1,107.4 1,201.5 1,136.7 2,086.9 1,653.6 Financial Markets 3,533.5 5,746.9 7,424.4 8,350.1 9,855.4 14,183.5 17 229.1 20,138.0 DEBT OUTS. DISB. (DOD) 9,586.4 13,513.0 17,498.3 20,536.1 26,164.2 33,946.3 41,571.7 45,666.5 Official Creditors 5,918.6 7,974.4 10,840.1 12,661.7 16,870.8 20,807.6 24,035.4 25,429.7 Multilateral 987.4 1,412.1 2,146.9 2,568.1 3,109.9 3,916.3 4,649.1 5,336.7 IBRO 608.4 877.2 1,318.6 1,545.7 1,834.6 2,357.2 2,904.9 3,441.5 IDA 99.4 126.8 163.3 181.0 188.5 190.3 189.4 188.2 Bilateral 4,931.2 6,562.3 8,693.2 10,093.6 13,760.9 16,891.4 19,386.3 20093.0 Private Creditors 3,667.8 5,538.6 6,658.2 7,874.4 9,293.5 13,138.6 17,536.3 20,236.9 Suppliers 581.6 825.0 738.8 742.3 746.9 753.1 1,699.3 1,469.9 Financial Markets 3,083.7 4,713.4 5,919.4 7.132.1 8,546.6 12,385.5 15,837.0 18,766.9 COMMITMENTS 2,849.6 3,580.0 4,419.7 4,660.2 6,336.5 9,747.2 10,999.0 10,097.2 Official Creditors 1,619.2 2,159.3 2,533.5 3,050.6 4,163.8 4.041.6 5,998,9 5,143.6 MltiBlateral 392.2 708.5 681.9 749.9 1,293.7 1,181.2 1,593.7 1,665.3 IBRD 317.5 563.5 471.5 614.0 1,077.0 774.0 977.0 1.136.0 IDA 36.3 - - - - - - - Bilateral 1,227.0 1,450.8 1,851.6 2,300.7 2,870.1 2,860.3 4,405.3 3,478.4 Private Creditors 1,230.4 1,420.7 1,886.3 1,609.6 2,172.7 5,705.6 5,000.1 4,953.6 Suppliers 219.2 43.7 176.0 252.2 169.3 106.5 377.9 65.1 Financial Markets 1,011.3 1,376.9 1,710.2 1,357.4 2,003.5 5,599.1 4,622.2 4,888.5 DISBURSEMENTS 2,233.5 2,549.7 3,381.2 3,951.4 5,099.6 9,344.8 10,118.2 9,090.2 Official Creditors 1,164.9 1,238.3 2,291.0 2,066.6 3,164.6 4,060.8 5,067.4 3,965.3 Multilateral 166.9 254.3 529.3 453.2 552.7 921.2 1,082.1 1,206.9 IBRD 108.6 206.0 275.9 312.5 391.4 650.9 704.1 752.4 IDA 3.8 13.8 20.8 18.7 8.4 2.9 0.3 - Bilateral 998.0 984.0 1,761.7 1,613.4 2,611.9 3,139.5 3,985.3 2,758.4 Private Creditors 1,068.6 1,311.4 1,090.2 1,884.8 1,935.0 5,284.1 5,050.8 5,124.9 Suppliers 159.2 178.0 142.9 106.5 121.6 158.1 349.6 193.8 Financial Markets 909.4 1,133.4 947.3 1,778.3 1,813.4 5,126.0 4,701.3 4,931.1 PRINCIPAL REPAYMENTS 777.6 1,145.0 1,096.3 1,357.8 1,399.1 2,606.3 2,465.8 3,506.2 Official Creditors 382.1 519.0 557.1 511.6 649.1 1,096.9 1,251.3 1,390.8 Multilateral 96.4 56.1 88.8 105.0 131.1 172.5 207.5 270.6 IBRD 34.6 44.8 67.4 85.4 102.5 128.3 156.3 213.0 IDA - 0.5 1.0 1.0 1.0 1.1 1.1 1.2 Bilateral 285.7 462.9 468.3 406.7 517.9 924.4 1,043.8 1,120.2 Private Creditors 395.6 626.0 539.3 846.1 750.1 1,509.5 1,214.5 2,115.4 Suppliers 127.2 152.0 142.9 153.0 148.8 138.2 135.7 145.3 Financial Markets 267.2 473.3 396.4 693.1 601.3 1,371.3 1,078.8 1,970.1 NET FLOWS 1,455.9 1,404.7 2,284.8 2,593.7 3,700.5 6,738.5 7,652.5 5,584.0 Official Creditors 782.8 719.3 1,733.9 1,555.0 2,515.6 2,963.9 3,816.1 2,574.5 Multilateral 70.5 198.2 440.5 348.3 421.6 748.8 874.6 936.3 IBRD 74.0 161.2 208.5 227.1 288.9 522.5 547.8 539.3 IDA 3.8 13.3 19.8 17.7 7.4 1.8 0 9 -1.2 Bilateral 712.3 521.1 1,293.4 1,206.7 2,094.0 2,215.1 2,941.5 1,638.3 Private Creditors 673.1 685.4 550.9 1,038.7 1,184.9 3,774.6 3,836.4 3,009.5 Suppliers 32.0 26.1 0.0 -46.5 -27.2 19.9 213.9 48.5 Financial Markets 642.2 660.0 550.9 1,085.2 1,212.1 3,754.7 3,622.4 2,961.0 INTEREST PAYMENTS(INT) 326.6 549.9 705.8 801.3 985.9 1,488.3 2,287.6 3,199.1 Official Creditors 183.6 294.0 429.1 478.8 582.0 714.8 956.1 1,110.6 Multilateral 52.5 77.1 122.8 154.7 207.1 262.4 318.1 331.5 IBRD 37.6 59.3 96.0 115.4 153.4 195.9 233.0 246.2 ,IDA 1.0 0.9 1.1 1.3 1.4 1.4 1.4 1.4 Bilateral 181.2 216.9 306.4 324.1 374.9 452.4 638.0 779.1 Private Creditor-s 143.0 255.9 276.6 322.5 403.9 773.4 1,331.5 2,088.5 Suppliers 31.5 44.1 38.9 37.4 34.6 39.2 45.3 43.8 Financial Markets 111.5 211.8 237.8 285.2 369.3 734.3 1,286.2 2,044.7 Z7b MORE DEVELOPED MEDITERRANEAN (US$ Millions) 1972 1974 1976 1977 1978 1979 1980 1981 NET TRANSFERS 1,129.3 854.8 1,579.1 1,792.4 2,714.6 5,250.2 5,364.9 2,385.0 Official Creditors 599.2 425.3 1,304.8 1,076.2 1,933.6 2,249.0 2,860.0 1,464.0 Multilateral 18.1 121.1 317.7 193.6 214.5 486.4 556.5 604.8 IBRD 36.4 102.0 112.6 111.8 135.5 326.6 314.8 293.2 IDA 2.8 12.5 18.7 16.4 6.1 0.4 -2.3 -2.7 Bilateral 581.1 304.2 987.1 882.6 1,719.1 1,762.7 2,303.5 859.2 Private Creditors 530.1 429.5 274.3 716.2 781.0 3,001.2 2,504.9 921.0 Suppliers 0.5 -18.0 -38.8 -83.9 -61.8 -19.2 168.7 4.7 Financ4al Markets 530.7 448.2 313.1 800.1 842.8 3,020.4 2,336.2 916.3 TOTAL DEBT SERVICE(TDS) 1,104.3 1,694.9 1,802.1 2,159.1 2,385.0 4,094.6 4,753.3 6,705.2 Official Creditors 565.7 813.0 986.2 990.4 1,231.0 1,811.7 2,207.4 2,501.4 Multilateral 148.9 133.1 211.6 259.7 338.3 434.9 525.6 602.1 IBRD 72.2 104.0 163.3 200.8 255.9 324.3 389.3 459.2 IDA 1.0 1.4 2.1 2.2 2.3 2.5 2.5 2.7 Bilateral 416.8 679.8 774.6 730.7 892.8 1,376.8 1,681.8 1,899.3 Private Creditors 538.6 881.9 815.9 1,168.7 1,153.9 2,282.9 2,545.9 4,203.9 Suppliers 158.7 196.1 181.7 190.4 183.4 177.4 180.9 189.1 Financial Markets 378.7 685.2 634.2 978.3 970.6 2,105.5 2,365.0 4,014.8 AVERAGE TERMS: PUBLIC DEBT NEW COMMITMENTS ALL CREDITORS Interest (%) 5.7 6.8 6.4 6.9 7.3 9.9 10.0 12.5 Maturity uyears) 18.9 20.0 21.4 17.9 17.0 14.9 15.1 13.7 Grace Period (years) 6.9 7-2 7.2 6.0 5.5 5.1 5.1 4.3 Grant Element (°) 27.6 23.9 25.0 20.0 18.1 5.5 3.2 -10.9 OFFICIAL CREDITORS Interest (%) 5.0 5.7 6.2 6.3 6.2. 5.8 7.8 9.8 Maturity years) 23.7 25.7 25.5 22.7 20.2 24.3 20.4 18.9 Grace Period (years) 7.4 8.3 9.1 7.4 6.3 6.6 6.1 5.8 Grant Element (%) 33.8 32.8 28.3 26.7 25.5 30.9 14.6 0.0 PRIVATE CREDITORS Interest (%) 6.5 8.6 6.7 8.1 9.4 12.8 12.7 15.3 Maturity (years) 12.6 11.3 15.8 8.9 10.8 8.2 8.5 8.3 Grace Period (years) 6.3 5.5 4.5 3.3 4.0 4.1 4.0 2.9 Grant Element (%) 19.5 10.4 20.5 7.5 3.9 -12.6 -10.8 -22.2 MAJOR ECONOMIC AGGREGATES (U.S. $ MILLIONS) Gross Nat. Product (GNP) 63,788 104,638 132,679 153,477 174,191 218,785 216,109 212,723 ExporTs cf G. & S. (XGS) 14,442 23,927 26,720 30,828 36,188 45,274 55,291 Imports of G. & S. (MGS) 15,285 31,275 34,451 40.513 44,045 57.048 69.107 Intl. Reserves (RES) 8,295 13,682 11,284 12,211 16.484 25,869 29.384 22,803 PRINCIPAL RATIOS DOD/XGS %) 66.4 56.5 65.5 66.6 72.3 75.0 75.2 DOD/GNP % 15.0 12.9 13.2 13.4 15.0 15.5 19.2 21.5 TDS/ GS % 7.6 7.1 6.7 7.0 6.6 9.0 8.6 TDS/GNP %) 1.7 1.6 1.4 1.4 1.4 1.9 2.2 3.2 INT/XGS % 2.3 2.3 2.6 2.6 2.7 3.3 4.1 .. INT/GNP %) 0.5 0.5 0.5 0.5 0.6 0.7 1.1 1.5 RES/DOD %° 86.6 101.2 64.5 59.5 63.0 76.2 70.7 49.9 RES/MGS months) 6.5 5.2 3.9 3.6 4.5 5.4 5.1 MEMORANDA Proportion of Disbursed Debt Concessional Loans (%) 46.4 44.2 43.4 42.4 39.0 34.7 31.0 27.2 Var. Int. Rate Loans (%) 3.4 6.5 7.6 9.0 11.0 19.1 23.2 27.5 Use of IMF Credit(US$ mil) 90.7 262.2 1,632.4 1,578.5 1.761.9 1,854.1 2,272.6 2,772.2 1982 1983 1984 1985 1986 1987 1988 1989 PROJECTED PUBLIC DEBT SERVICE TOTAL DEBT SERVICE 7,946.7 7,533.7 7,879.9 8,083.7 7,904.4 7,095.5 6,137.6 5,013.4 Principal 4,056.5 3,730.1 4,256.5 4,813.1 5,102.6 4,787.3 4,301.8 3,589.3 Interest 3,890.2 3,803.6 3,623.4 3,270.7 2,801.7 2,308.2 1,835.8 1,424.1 OFFICIAL CREDITORS 3,184.3 3,446.2 3,515.8 3.617.6 3,494.7 3,363.8 3,183.2 2,834.2 Principal 1,755.3 1,944.6 2,025.8 2,198.2 2,187.6 2,176.7 2,121.3 1,905.4 Interest 1,429.0 1,501.6 1.490.0 1,419.4 1,307.0 1,187.1 1,062.0 928.7 PRIVATE CREDITORS 4,762.4 4,087.5 4,364.1 4,466.1 4,409.7 3,731.7 2,954.3 2,179.2 Principal 2,301.2 1,785.5 2,230.7 2,614.8 2,915.0 2,610.6 2,180.5 1,683.9 Interest 2,461.2 2,301.9 2,133.4 1,851.3 1,494.7 1,121.1 773.8 495.3 268 MORE DEVELOPED MEDITERRANEAN (uSs Mi/ihons) 1972 1974 1976 1977 1978 1979 1980 1981 PRIVATE NON-GUARANTEED DEBT DEBT OUTS.DISB. ONLY 3,449.4 5,242.2 7,557.8 9,724.4 12,680.8 16,561.3 17,686.4 t9,033.6 Official Sources . .. .. .. Private Sources .. Foreign Parent Comp. Financial Institutions Suppliers . .. . .. . .. DISBURSEMENTS 1,514.1 1,772.8 2,845.1 3,622.3 4,387.0 5,537.6 4,537.0 3,940.0 Official Sources .. Private Sources * *- *- . Foreign Parent Comp. Financial Institutions .. Suppliers PRINCIPAL REPAYMENTS 760.2 968.2 1,364.5 1,468.3 1,669.5 2,568.8 2,897.6 2,483.8 Official Sources Private Sources Foreign Parent Comp. .. Financial Institutions .. suppliers.......:.... NET FLOWS 753.9 804.6 1,480.6 2,154.0 2,717.5 2,988.8 1,639.4 1,456.2 Official Sources .. . . .. .. .. . Private Sources .. Foreign Parent Conip. Financial Institutions .. .. Suppliers .. . . .. . .. . INTEREST PAYMENTS 162.2 310.9 344.8 440.9 713.5 1,083.5 1,438.2 1,879.9 Official Sources . .. .. . .. .. Private Sources Foreign Parent Comp. .. Financial Institutions .. .. .. .. .. Suppliers 5 . .. .. .. .. .. . NET TRANSFERS 591.7 493.7 1,135.8 1,713.1 2,004.0 1,885.3 201.2 -423.7 Official Sources .. Private Sources Foreign Parent Comp. F;nancial Institutions .. .. .. .. .. .. Suppliers .. .. .. .. .. .. . TOTAL DEBT SERVICE 922.4 1,279.1 1,709.3 1,909.2 2,383.0 3,652.3 4,335.8 4,383.7 Official Sources .. . . Private Sources . . .. .. .. .. . Foreign Parent Comp. .. Financial Institutions .. Suppliers - -. -- 1982 1983 1984 1985 1986 1987 1988 1989 PROJECTED NON-GUARANTEED DEBT SERVICE TOTAL DEBT SERVICE 4,554.7 4,766.5 4,061.8 3,752.4 2,930.2 1,989.4 1,631.2 968.0 Principal 2,716.9 3,247.0 2,857.1 2,841.4 2,281.3 1,536.4 1,326.6 772.4 Interest 1,837.8 1,519.5 1,204.7 911.0 648.9 453.0 304.6 195.6 259 MORE DEVELOPED MEDITERRANEAN (US$ Mi 1 ions ) 1972 1974 1976 1977 1978 1979 1980 1981 PUBLIC AND PRIVATE DEBT DEBT OUTS.DISB. ONLY 13,035.8 18,755.2 25,056.1 30,260.5 38,845.0 50,507.6 59,258.1 64,700.1 DISBURSEMENTS 3,747.6 4,322.5 6,225.3 7,573.7 9,486.6 14,882.4 14,655.2 13,030.2 PRINCIPAL REPAYMENTS 1,537.8 2,113.2 2,460.8 2,826.1 3,068.6 5,175.1 5,363.4 5,990.0 NET FLOWS 2,209.8 2,209.3 3.765.4 4,747.7 6,418.0 9,707.3 9,2S1.9 7,040.2 INTEREST PAYMENTS 488.8 860.8 1,050.6 1,242.2 1,699.4 2,571.8 3,725.8 5,079.0 NET TRANSFERS 1,721.0 1,348.5 2,714.9 3,505.5 4,718.6 7,135.5 5,565.1 1,981.3 TOTAL DEBT SERVICE 2,026.7 2,974.0 3,511.4 4,068.3 4,768.0 7,746.9 9,089.1 11,068.9 1982 1983 1984 1985 1986 1987 1988 1989 PROJECTED PUBLIC AND PRIVATE DEBT SERVICE TOTAL DEBT SERVICE 12,501.4 12,300.2 11,941.7 11,836.1 10,834.6 9,084.9 7,768.8 5,981.4 PRINCIPAL 6,773.4 6,977.i 7,113.6 7,654.5 7,383.9 6,323.7 5,628.4 4,361.7 INTEREST 5,728.0 5,323.1 4,82B.1 4,181.7 3,450.6 2,761.2 2,140.4 1,619.7 270 CYPRUS k (US$ Millions) 1972. 1974 1976 1977 1978 1979 1980 1981 TOTAL DEBT OUTSTANDING DISBURSED ONLY TOTAL DEBT . .. . .. .. Puolic /' Publicly Guar. 39.9 76.2 94.4 162.0 241.3 300.6 400.4 497.3 Private Non-guaranteed . . . .. .. . .. . PUBLIC / PUBLICLY GUARANTEED DEBT DEBT OUTS. INC. UNDISB. 71.7 101.7 145.8 226.0 324.9 368.6 536.0 664.4 Official Creditors 58.6 75.4 130.6 159.6 189.0 217.1 247.2 274.1 Multilateral 47.7 63.9 105.5 123.3 145.4 163.1 179.3 201.3 IBRO 47.0 63.1 75.0 82.5 88.3 101.3 113.4 113.1 IDA - - - - - - - - Bilateral iO.9 11.4 25.1 36.3 43.6 54.0 67.9 72.8 Private Creditors 13.1 26.4 15.2 66.4 135.8 151.5 288.8 390.3 Suppliers 12.4 20.6 10.5 8.5 11.6 13.6 22.9 23.2 Financial Markets 0.7 5.8 4.7 57.9 124.2 137.9 265.8 367.0 DEBT OUTS. DISB. (DOD) 39.9 76.2 94.4 162.0 241.3 300.6 400.4 497.3 Official Creditors 31.5 50.2 80.5 102.7 131.7 150.9 164.6 187.4 Multilateral 22.2 38.8 70.2 81.2 100.7 111 9 124.0 136.6 iBRO 21.5 37.9 39.7 40.5 43.7 50.1 58.1 58.5 IDA - - - - - - - - Bilateral 9.3 11.4 10.3 21.5 31.0 39.1 40.6 50.8 Private Creditors 8.4 26.0 13.9 59.3 109.6 149.6 235.8 310.C Suppliers 8.4 20.6 10.5 8.5 10.0 13.6 15.0 19.7 Financial Markets - 5.4 3.4 50.8 99.5 136.0 220.8 290.3 COMMITMENTS 19.3 21.5 52.0 78.7 96.2 52.6 209.1 204.6 Official Creditors 13.6 15.0 50.3 25.5 24.2 33.1 54.0 68.8 Multilateral 12.0 14.0 40.0 15.2 17.0 18.7 29.8 43.4 IBRD 12.0 14.0 16.0 10.0 8.5 16.0 16.0 14.0 IDA - - - - - - - - Bilateral 1.6 1.0 10.4 10.4 7.3 14.4 24.3 25.4 Private Creditors 5.7 6.5 1.7 53.2 72.0 19.5 155.1 135.9 Suppliers 5.0 4.3 0.3 1.7 4.3 3.9 11.9 5.5 Financial Markets 0.7 2.3 1.4 51.5 67.7 15.7 143.2 130.4 DISBURSEMENTS 4.3 21.9 27.3 67.7 78.1 68.6 139.e 141.7 Official Creditors 3.7 10.5 26.9 19.7 24.7 24.6 36.7 39.0 Multilateral 3.3 9.1 26.9 8.4 14.3 12.2 25.7 25.9 IBRD 3.3 9.1 3.0 3.3 5.9 9.5 11.9 7.0 IDA - - - - - - - - Bilateral 0.4 1.4 - 11.2 10.4 12.4 11.0 13.1 Private Creditors 0.6 11.5 0.3 48.0 53.4 44.0 102.9 102.7 Suppliers 0.6 8.9 0.3 1.7 2.7 5-5 4.0 8.8 Financial Markets - 2.5 - 46.3 50.7 38.5 98.9 93.9 PRINCIPAL REPAYMENTS 5.1 4.8 9.3 9.3 12.4 15.5 30.2 34.3 Official Creditors 2.7 2.2 3,3 4.2 6.0 8.7 12.7 14.3 Multilateral 1.0 1.5 2.9 2.5 2.8 3.0 6.6 8.8 IBRD 0.9 1.5 2.2 2.5 2.7 3.0 3.9 6.6 IDA - - - - - - - - Bilateral 1.7 0.7 0.4 1.6 3.3 5.7 6.0 5.6 Private Creditors 2.4 2.5 6.0 5.1 6.4 6.7 17.5 19.9 Suppliers 1.9 2.5 4.5 4.7 2.3 2.1 2.2 2.1 Financial Markets 0.5 0.0 1.5 0.4 4.1 4.6 15.3 17.9 NET FLOWS -0.7 17.2 17.9 58.4 65.7 53.2 109.4 107.4 Official Creditors 1.0 8.2 23.6 15.5 18.6 15.9 24.1 24.7 Multilateral 2.3 7.6 24.0 5.9 11.6 9.2 19.1 17.1 I6RD 2.4 7.6 0.8 0.8 3.2 6.4 8.1 0.4 IDA - - - - - - - Bilateral -1.3 0.7 -0.4 9.6 7.1 6.8 5.0 7.6 Private Creditors -1.7 8.9 -5.7 42.9 47.1 37.3 85.4 82.8 Suppliers -1.2 6.4 -4.2 -2.9 0.4 3.4 1.8 6.7 Financial Markets -0.5 2.5 -1.5 45.9 46.7 33.9 83.6 76.1 INTEREST PAYMENTS(INT) 2.4 3.7 5.3 8.6 13.4 24.8 29.3 41.5 Official Creditors 1.8 2.8 3.9 5.9 7.9 9.8 t1.0 11.1 Multilateral 1.3 2.4 3.6 5.3 6.9 8.2 9.0 9.0 IBRD 1.3 2.4 2.8 3.0 3.4 4.2 4.4 4.7 IDA - - - - - - - - Bilateral 0.5 0.4 0.3 0.6 0.9 1.6 2.0 2.1 Private Creditors 0.6 1.0 1.3 2.7 5.5 15.0 18.3 30.4 Suppliers 0.6 0.8 1.0 0.8 0.6 1.1 1.3 1.4 Financial Markets 0.0 0.2 0.4 1.9 5.0 13.8 17.0 29.0 271 CYPRUSk (US$ M ilions) 1972 1974 1976 1977 1978 1979 1SS0 1981 NET TRANSFERS -3.1 13.4 12.7 49.8 52.3 28.4 80.1 65.9 Official Creditors -0.8 5.5 19.7 9.6 10.8 6.1 13.1 13-6 Multilateral 1.0 5.2 20.4 0.6 4.7 1.0 10.1 8.1 IBRD 1.1 5.3 -2.0 -2.2 -0.2 2.2 3.7 -4.3 IDA - - - - - - - - Bilateral -1.8 0.3 -0.7 9.0 6.1 5.1 2.9 5.5 Private Creditors -2.4 7.9 -7.0 40.2 41.5 22.3 67.0 52.3 Suppliers -1.8 5.7 -5.1 -3.7 -0.2 2.2 0.5 5.3 Financial Markets -0.5 2.3 -1.9 43.9 41.7 20.1 66.6 47.0 TOTAL DEBT SERVICE(TDS) 7.5 8.5 14.6 17.9 25.8 40.2 59.5 75.8 Official Creditors 4.5 5.0 7.2 10.1 13.9 18.5 23.7 25.4 Multilateral 2.3 3.9 6.5 7.8 9.7 11.2 15.6 17.8 IBRD 2.2 3.8 5.0 5.4 6.1 7.3 8.2 11.3 IDA - - - - - - - - Bilateral 2.2 1.1 0.7 2.2 4.2 7.3 8.1 7.6 Private Creditors 3.0 3.5 7.3 7.8 11.9 21.7 35.9 50.4 Suppliers 2.5 3.3 5.4 5.4 2.8 3.2 3.5 3.5 Financial Markets 0.5 0.3 1.9 2.4 9.1 18.5 32.4 46.9 AVERAGE TERMS: PUBLIC DEBT NEW COMMITMENTS ALL CREDITORS Interest (%) 6.6 6.9 7.0 7.4 9.0 8.7 11.4 13.7 Maturity (years) 16.7 17.2 12.5 8.9 8.3 11.2 9.7 10.7 Grace Period (years) 3.4 5.7 5.1 2.4 3.2 2.7 3.8 3.5 Grant Element (%) 18.9 17.8 17.1 9.7 4.5 7.9 -5.4 -16.5 OFFICIAL CREDITORS Interest (%) 6.6 6.9 7.0 7.1 6.6 6.9 7.0 8.1 Maturity (years) 20.3 22.4 12.7 12.5 11.6 13.5 14.6 16.1 Grace Period (years) 4.2 7.6 5.3 3.6 5.4 3.4 4.7 3.9 Grant Element (%) 21.8 21.8 17.5 14.6 19.2 17.8 17.4 10.5 PRIVATE CREDITORS Interest (%) 6.5 7.0 7.2 7.6 9.8 11.7 12.9 16.5 Maturity years) 8.2 5.3 4.9 7.1 7.2 7.4 8.0 8.0 Grace Period (years) 1.5 1.5 0.5 1.8 2.5 1.5 3.6 3.3. Grant Element (%) 12.0 8.7 5.9 7.3 -0.4 -8.9 -13.4 -30.1 MAJOR ECONOMIC AGGREGATES (U.S. $ MILLIONS) Gross Nat. Product GNP) 798 860 842 1,082 1,424 1,836 2.206 2,086 Exports of G. & S. XGS 330 365 459 565 659 896 1,084 Imports of G. & S. MGS 374 499 530 726 883 1,173 1,402 Intl. Reserves (RES) 331 330 332 386 446 588 639 609 PRINCIPAL RATIOS DOD/XGS (% 12.1 20.8 20.5 28.7 36.6 33.5 36.9 DOD/GNP % 5.0 8.9 11.2 15.0 16.9 16.4 18.2 23.8 TDS/XGS % 2.3 2.3 3.2 3.2 3.9 4.5 5.5 TDS/GNP % 0.9 1.0 1.7 1.7 1.8 2.2 2.7 3.6 INT/XGS % 0.7 1.0 1.1 1.5 2.0 2.8 2.7 INT/GNP % 0.3 0.4 0.6 0.8 0.9 1.3 1.3 2.0 RES/DOD % 830.3 433.2 352.0 238.3 184.8 195.7 159.5 122.4 RES/MGS months) 10.6 7.9 7.5 6.4 6.1 6.0 5.5 MEMORANDA Proportion of Disbursed Debt Concessional Loans (%) 20.4 15.6 12.0 9.9 12.6 12.1 10.3 10.6 Var. lnt. Rate Loans (% - - - 19.2 29.4 33.9 46.5 48.8 Use of IMF Credit(US$ mil - 7.8 50.0 52.3 42.9 50.0 39.0 25.2 1982 1983 1984 1985 1986 1987 1988 1989 PROJECTED PUBLIC DEBT SERVICE TOTAL DEBT SERVICE 117.4 113.5 107.2 156.1 105.7 96.3 86.3 60.0 Principal 67.0 62.5 52.5 106.3 69.9 68.6 66.9 48.2 Interest 50.4 51.1 54.8 49.8 35.8 27.6 19.4 11.8 OFFICIAL CREDITORS 32.1 49.3 25.5 27.9 29.3 29.0 27.2 29.0 Principal 19.8 36.9 13.7 15.5 17.7 18.4 17.6 20.7 Interest 12.4 12.4 11.8 12.4 11.6 10.6 9.6 8.4 PRIVATE CREDITORS 85.3 64.2 81.8 128.1 76.4 67.2 59.0 30.9 Principal 47.2 25.5 38.8 90.8 52.2 50.3 49.3 27.5 Interest 38.1 38.7 43.0 37.4 24.3 17.0 9.8 3.4 272 GREECE (US$ Millions) 1972 1974 1976 1977 1978 1979 1980 1981 TOTAL DEBT OUTSTANDING DISBURSED ONI.Y TOTAL DEBT .. .. .. Puclic / Publicly Guar. 1,338.8 2.131.3 2,451.1 2,66E.8 3,168.1 3,582.0 4,784.6 5,817.3 Private Non-guaranteed . . .. .. . . .. PUBLIC / PUBLICLY GUARANTEED DEBT DEBT OUTS. INC. UNDISB. 1,794.7 2,857.0 3,132.7 3,551.2 4,009.9 4,795.0 6,507.0 7,411.8 Official Creditors 500.2 655.3 997.9 1,285.2 1,516.6 1.685.3 1,819.4 1,867.1 Multilateral 197.5 248.8 424.0 496.8 617.0 800.5 854.4 909.5 IBRD 115.7 154.6 280.7 341.3 418.1 428.8 413.1 393.0 IDA - - - - - - - - Bilateral 302.7 406.5 573.9 788.4 899.6 884.7 965.0 957.5 Private Creditors 1,294.5 2,201.6 2,134.9 2,266.0 2,493.3 3,109.8 4,687.6 5,544.7 Suppliers 234.3 226.3 139.6 113.1 111.2 133.1 190.5 182.3 Financial Markets 1,060.2 1,975.3 1,995.3 2,152.9 2,382.1 2,976.6 4,497.1 5,362.5 DEBT OUTS. DISB. (DOD) 1,338.8 2,131.3 2,451.1 2,668.8 3,168.1 3,582.0 4,784.6 5,817.3 Official Creditors 329.8 421.0 581.2 708.9 835.7 984.1 1,026.1 1,050.5 Multilateral 104.9 154.7 205.6 233.1 254.9, 317.2 352.1 456.9 IBRD 32.7 60.5 81.8 91.2 93.9 97.3 109.5 113.1 IDA - - - - - - - Bilateral 224.9 266.2 375.6 475.8 580.8 666.9 674.0 593.7 Private Creditors 1.008.9 1,710.4 1,869.9 1,959.9 2,332.4 2,597.8 3,758.5 4,766.7 Suppliers 175.6 194.2 129.0 100., 88.7 87.0 80.2 83.1 Financial Markets 833.4 1,516.1 1,740.9 1,859.2 2,243.7 2.510.9 3,678.3 4,683.7 COMMITMENTS 540.8 554.1 490.4 697.9 826.6 1,172.3 2,418.1 1,855.0 Official Creditors 99.2 66.7 242.9 314.4 269.9 270.7 385.3 377.7 Multilateral 31.4 30.0 39.0 79.6 126.2 184.0 111.3 157.5 IBRD 23.5 30.0 30.0 71.C 90.0 25.0 - - IDA - - - - - - - - Bilateral 67.9 36.7 203.9 234.7 143.7 86.7 274.0 220.2 Private C.reditors 441.5 487.5 247.5 383.6 556.7 901.6 2,032.8 1,477.4 Suppliers 24.3 9.3 7.1 8.2 20.3 54.0 94.1 33.4 Financial Markets 417.2 478.1 240.4 375.3 536.4 847.6 1,938.7 1,444.0 DISBURSEMENTS 423.9 639.7 258.5 513.7 761.3 811.9 1,805.6 1,835.6 Official Creditors 48.4 34.5 128.8 t66.4 189.7 265.1 264.3 308.9 Multilateral 20.3 15.5 51.5 34.4 27.6 79.8 85.3 205.6 IBRD 11.1 15.5 19.2 19.8 15.9 17.4 27.9 23.7 IDA - - - - - - - - Bilateral 28.1 19.0 77.3 131.9 162.1 185.3 179.0 103.3 Private Creditors 375.5 605.2 129.7 347.4 571.6 546.8 1,541.3 1,527.8 Suppliers 38.4 44.3 11.3 6.8 11.7 31.1 25.6 36.4 Financial Markets 337.1 560.9 118.4 340.6 559.8 515.7 1,515.7 1,491.3 PRINCIPAL REPAYMENTS 110.7 203.9 320.4 376.3 374.5 450.2 496.4 611.7 Official Creditors 35.7 51.3 67.6 75.6 116.1 144.1 153.1 170.6 Multilateral 5.2 8.6 18.7 17.6 22.3 25.5 28.6 38.8 IBRD 1.8 3.7 8.0 10.4 13.2 14.0 15.7 20.1 IDA - - - - - - - - Bilateral 30.6 42.7 49.0 58.0 93.8 118.5 124.4 131.8 Private Creditors 75.0 152.6 252.8 300.7 258.5 306.2 343.3 441., Suppliers 34.8 42.3 42.8 43.5 34.5 34.5 28.4 22.7 Financial Markets 40.2 110.3 209.9 257.2 224.0 271.7 315.0 418.3 NET FLOWS 313.2 435.9 -61.9 137.4 386.7 361.7 1,309.2 1,224.9 Official Creditors 12.6 -16.8 61.1 90.7 73.6 121.0 111.2 138.2 Multilateral 15.1 7.0 32.9 16.8 5.3 54.3 56.6 166.8 IBRD 9.2 11.8 11.2 9.4 2.7 3.4 12.2 3.6 IDA - - - - - - - - Bilateral -2.5 -23.7 28.3 73.9 68.4 66.7 54.5 -28.5 Private Creditors 300.6 452.6 -123.1 46.7 313.1 240.7 1,198.0 1,086.7 Suppliers 3.6 2.0 -31.6 -36.7 -22.8 -3.4 -2.8 13.7 Financial Markets 296.9 450.7 -91.5 83.4 335.9 244.0 1,200.8 1,073.0 INTEREST PAYMENTS(INT) 61.7 143.4 177.6 160.1 207.8 296.4 415.2 714.6 official Creditors 16.0 23.5 30.7 39.7 50.3 61.6 77.9 65.6 Multilateral 6.4 10.6 14.3 17.5 20.4 23.9 27.8 23.4 IBRO 2.2 4.4 6.4 8.1 9.5 11.2 11.8 10.5 IDA - - - - - - - - Bilateral 9.6 12.9 16.5 22.2 29.9 37.7 50.1 42.2 Private Creditcrs 45.7 119.9 146.8 120.4 157.5 234.8 337.2 649.0 Suppliers 9.3 14.6 10.8 7.8 6.5 5.7 5.1 6.4 Financial Markets 36.4 105.3 136.1 112.6 151.0 229.1 332.2 642.6 273 GREECE (US$ Millions) 1972 1974 1976 1977 1978 1979 1980 1981 NET TRANSFERS 251.5 292.5 -239.5 -22.7 178.9 65.3 894.0 5iO.3 Official Creditors -3.4 -40.3 30.4 51.0 23.3 59.4 33.2 72.6 Multilateral 8.7 -3.6 18.6 -0.7 -15.2 30.4 2688 143.4 IERD 7.1 7.4 4.7 1.3 -6.8 -7.8 0.4 -7.0 IDA - - - - - - - - Bilateral -12.1 -36.6 11.8 51.7 38.5 29.0 4.4 -70.S Private Creditors 254.9 332.8 -269.9 -73.7 155.6 5.9 860.8 437.7 Suppliers -5.7 -12.6 -42.3 -44.5 -29.3 -9.1 -7.8 7.3 Financial Markets 260.6 345.4 -227.6 -29.2 184.9 15.0 868.6 430.4 TOTAL DEBT SERVICE(TDS) 172.4 347.2 498.0 536.4 582.4 746.6 911.6 1,326.3 Official Creditors 51.7 74.8 98.4 115.3 166.4 205.7 231.0 236.2 Multilateral 11.6 19.2 32.9 35 1 42.7 49.5 56.5 62.2 IBRD 4.0 8.1 14.4 18.5 22.7 25.2 27.6 30.7 IDA - - - - - - - - Bilateral 40.2 55.7 65.5 80.2 123.7 156.2 174.5 174.0 Private Creditors 120.7 272.4 399.6 421.1 416.0 540.9 680.6 1,090.1 Suppliers 44.1 56.9 53.6 51.3 41.0 40.2 33.4 29.1 Financial Markets 76.6 215.5 346.0 369.8 375.0 500.7 647.1 1,061.0 AVERAGE TERMS: PUBLIC DEBT NEW COMMITMENTS ALL CREDITORS Interest (%) 7.1 10.5 7.2 8.0 9.3 11.8 12.1 13.2 Maturity (years) 10.5 9.8 10.0 10.6 10.5 11.3 9.3 10.8 Grace Period (years) 3.6 4.1 3.1 3.9 3.9 4.6 3.8 3.9 Grant Element M%) 13.0 -0.6 12.3 8.9 2.6 -10.4 -9.3 -18.0 OFFICIAL CREDITORS Interest l%) 7.1 5.5 7.1 7.4 7.3 7.3 9.0 8.9 Maturity (years) 12.8 21.4 13.7 12.6 11.1 15.1 12.8 12.5 Grace Period (years) 3.9 6.6 3.6 3.7 3.9 4.1 4.1 3.7 Grant Element M%) 13.6 32.9 15.3 13.7 13.8 17.2 6.1 4.8 PRIVATE CREDITORS Interest (%) 7.1 11.2 7.2 8.6 10.3 13.2 12.7 14.5 Maturity (years) 10.0 8.2 6.5 9.0 10.3 10.2 8.6 10.4 Grace Period (years) 3.5 3.8 2.7 4.0 3.9 4.7 3.7 4.0 Grant Element (%) 12.9 -5.2 9.3 5.0 -2.9 -18.7 -12.2 -23.9 MAJOR ECONOMIC AGGREGATES (U.S. S MILLIONS) Gross Nat. Product (GNP) 12,910 19,402 23,273 26,984 32,489 39.808 41.758 39,305 Exports of G. & S. (XGS) 2.253 3,880 4,982 5,734 6.838 8.810 9,435 7,680 Imports of G. & S. (MGS 2,664 5,041 5,941 6,831 7,836 10,727 11,676 10.956 Intl. Reserves (RES) 1,126 1,455 1,268 1.477 1,851 3,293 3,607 2,554 PRINCIPAL RATIOS DOD,/XGS % 59.4 54.9 49.2 46.5 46.3 40.7 50.7 75.7 DOD/GNP % 10.4 11.0 10.5 9.9 9.8 9.0 11.5 14.8 TDS/XGS % 7.7 8.9 10.0 9.4 8.5 8.5 9.7 17.3 TDS/GNP % 1.3 1.8 2.1 2.0 1.8 1.9 2.2 3.4 INT/XGS % 2.7 3.7 3.6 2.8 3.0 3.4 4.4 9.3 INT/GNP % 0.5 0.7 0.8 0.6 0.6 0.7 1.0 1.8 RES/DOD % 84.1 68.3 51.7 55.3 58.4 91.9 75.4 43.9 RES/MGS months) 5.1 3.5 2.6 2.6 2.8 3.7 3.7 2.8 MEMORANDA Proportion of Disbursed Debt Concessional Loans (%) 13.5 8.7 7.1 6.7 8.2 7.3 5.1 3.8 Var. Int. Rate Loans (%) 14.6 31.2 38.6 41.8 48.0 49.9 62.2 68.6 Use of IMF Credit(US$ mil) - 44.4 287.8 214.4 241.3 194.0 100.1 16.2 1982 1983 1984 1985 1986 1987 1988 1989 PROJECTED PUBLIC DEBT SERVICE TOTAL DEBT SERVICE 1,441.7 1,297.2 1,286.7 1,396.8 1,416.2 1,343.9 1,146.4 839.6 Principal 693.2 591.9 627.9 787.8 891.9 925.4 845.8 637.4 Interest 748.6 705.3 658.9 609.0 524.3 418.4 300.6 202.2 OFFICIAL CREDITORS 226.9 213.5 214.8 254.3 256.2 251.0 227.4 205.0 Principal 146.3 128.9 129.9 164.5 169.6 173.6 161.7 150.9 Interest 80.6 84.5 84.9 89.8 86.6 77.4 65.7 54.1 PRIVATE CREDITORS 1,214.8 1,083.7 1,072.0 1,142.4 1,160.0 1,092.9 919.0 634.6 Principal 546.9 463.0 498.0 623.3 722.3 751.8 684.1 486.5 Interest 668.0 620.7 574.0 519.2 437.7 341.1 234.9 148.2 274 ISRAEL (USs Millions) 1972 1974 1976 1977 1978 1979 1980 1981 TOTAL DEBT OUTSTANDING DISBURSED ONLY TOTAL DEBT .. .. .. .. . Public / Publicly Guar. 3,585.4 5,208.0 7,183.7 8,085.2 9,224.1 10,339.1 12,632.7 13,867.7 Private Non-guaranteed .. .. .. .. . .. PUBLIC / PUBL!CLY GUARANTEED DEBT DEBT OUTS. INC. UNDISS. 4,084.6 5,590.4 7,818.7 8,736.5 9.844.8 11,174.0 12,747.5 14,275.2 Official Creditors 2,054.6 2,769.8 4,318.8 5,230.0 6,247.2 7,628.0 8,894.0 9,589.8 Multilateral 171.3 183.9 189.6 176.8 164.4 143.9 127.8 147.5 IBRD 171.3 183.9 189.6 176.8 164.4 143.9 127.8 112.7 IDA - - - - - - - - Bilateral 1,883.3 2,585.8 4,129.2 5,053.1 6,082.8 7,484.1 8,766.1 9,442.3 Private Creditors 2,030.0 2,820.6 3,499.9 3,506.5 3,597.5 3,545.9 3,853.5 4,685.4 Suppliers 234.4 190.4 140.3 110.7 102.1 65.3 36.8 16.1 Financial Markets 1,795.6 2,630.2 3,359.7 3,395.8 3,495.5 3,480.6 3,816.7 4,669.3 DEBT OUTS. DISB. (DOD) 3,585.4 5,208.0 7,183.7 8,085.2 9,224.1 10,339.1 12,632.7 13,867.7 Official Creditors 1,815.0 2,587.6 4,051.3 4,746.6 5,714.3 7,162.4 8,802.8 9,342.4 Multilateral 94.0 100.9 112.8 110.3 114.3 112.9 111.1 127.6 IBRD 94.0 100.9 112.8 110.3 114.3 112.9 111.1 109.1 IDA - - - - - - - - Bilateral 1,720.9 2,486.7 3,938.5 4,636.3 5,600.0 7,049.5 8,691.7 9,214.8 Private Creditors 1,770.4 2,620.5 3,132.4 3,338.7 3,509.8 3,176.7 3,829.9 4,525.3 Suppliers 107.8 153.1 112.7 103.1 101.2 65.3 36.8 16.1 Financial Markets 1,662.6 2,467.4 3,019.8 3,235.6 3,408.6 3,111.4 3,793.1 4,509.2 COMMITMENTS 1,116.1 1,040.5 1,597.9 1,227.6 1,434.2 2,268.9 2,395.2 2,778.4 Official Creditors 617.0 562.5 1,005.6 1,036.3 1,123.7 1,607.8 1,789.4 1,331.4 Multilateral 30.0 35.0 - - - - 33.4 IBRD 30.0 35.0 - - - - - - IDA - - - - - - - Bilateral 587.0 527.5 1,005.6 1,036.3 1,123.7 1,607.8 1,789.4 1,298.0 Private Creditors 499.1 478.1 592.3 191.3 310.5 661.1 605.9 1,447.0 Suppliers 114.9 16.0 - - 15.8 - - - Financial Markets 384.2 462.1 592.3 191.3 294.7 661.1 605.9 1,447.0 DISBURSEMENTS 917.6 9S9.5 1,513.4 1,282.3 1,380.1 2,058.9 3,101.5 2,482.4 Official Creditors 468.7 526.0 1,081.8 810.6 1,067.3 1,678.6 2,151.8 1,171.9 Multilateral 16.7 16.7 18.1 10.2 16.5 19.0 14.3 31.6 IBRD 16.7 16.7 18.1 10.2 16.5 19.0 14.3 13.1 IDA - - - - - - - Bilateral 452.0 509.2 1,063.7 800.4 1,050.8 1,659.5 2,137.5 1,140.3 Private Creditors 448.9 433.5 431.6 471.7 312.9 380.4 949.7 1,310.5 Suppliers 40.9 17.1 17.9 19.5 22.4 0.9 - - Financial Markets 408.0 416.4 413.7 452.3 290.4 379.5 949.7 1,310.5 PRINCIPAL REPAYMENTS 268.1 417.2 334.5 412.1 289.8 970.7 627.3 1,367.7 Official Creditors 93.9 174.8 226.7 112.4 106.2 241.8 347.3 406.7 Multilateral 10.3 11.5 17.2 12.7 12.4 20.5 16.1 15.1 IBRD 10.3 11.5 17.2 12.7 12.4 20.5 16.1 15.1 IDA - - - - - - - - Bilateral 83.6 163.3 209.6 99.7 93.8 221.3 331.2 391.6 Private Creditors 174.2 242.3 107.8 299.7 183.7 728.9 280.0 961.0 Suppliers 23.1 36.0 25.1 34.9 32.7 40.7 28.1 16.4 Financial Markets 151.1 206.4 82.7 264.8 150.9 688.2 251.9 944.6 NET FLOWS 649.5 542.3 1,178.9 870.3 1,090.3 1,088.2 2,474.2 1,114.7 Official Creditors 374.8 351.2 855.1 698.2 961.1 1,436.8 1,804.5 765.2 Multilateral 6.4 5.2 1.0 -2.5 4.1 -1.4 -1.8 16.5 IBRD 6.4 5.2 1.0 -2.5 4.1 -1.4 -1.8 -2.0 IDA - - - Bilateral 368.4 345.9 854.1 700.8 957.0 1,438.2 1,806.2 748.7 Private Creditors 274.7 191.1 323.8 172.0 129.2 -348.6 669.7 349.5 Suppliers 17.8 -18.9 -7.2 -15.4 -10.3 -39.8 -28.1 -16.4 Financial Markets 256.9 210.0 331.0 187.4 139.5 -308.7 697.8 365.9 INTEREST PAYMENTS(INT) 108.1 176.6 194.4 219.5 248.0 408.3 547.7 707.2 Official Creditors 57.1 104.9 140.5 148.5 165.7 196.2 346.5 411.6 Multilateral 6.1 7.3 8.8 8.9 9.3 10.4 9.3 9.6 IBRD 6.1 7.3 6.8 8.9 9.3 10.4 9.3 8.1 IDA - - - - - - - - Bilateral 51.0 97.6 131.7 139.6 156.4 185.8 337.2 402.0 Private Creditors 51.0 71.7 53.9 71.1 82.3 212.1 201.1 295.7 Suppliers 5.7 11.1 8.8 9.3 8.0 7.2 4.3 2.2 Financial Markets 45.3 60.6 45.0 61.8 74.2 204.9 196.8 293.4 275 ISRAEL (US$ Mi 71ions) 1972 1974 1976 1977 1978 1979 1980 1981 NET TRANSFERS 541.4 365.7 984.4 850.7 842.3 679.8 1,326.5 407.5 Official Creditors 317.7 246.2 714.6 549.8 795.4 1,240.6 1,457.9 353.6 Multilateral 0.3 -2.1 -7.8 -11.4 -5.3 -1i.8 -ii.1 6.9 IBRD 0.3 -2.1 -7.8 -11.4 -5.3 -11.8 -11.1 -10.1 IDA - - - - - Bilateral 317.4 246.3 722.4 561.2 900.6 1,252.4 1,469.0 346.7 Private Creditors 223.7 119.5 269.9 100.9 47.0 -560.7 468.6 53.8 Suppliers 12.1 -29.9 -16.1 -24.7 -18.3 -47.0 -32.4 -18.6 Financial Markets 211.6 149.4 285.9 125.6 65.3 -513.7 501.0 72.5 TOTAL DEBT SERVICE(TDS) 376.2 593.8 528.9 631.6 537.8 1,379.0 1,175.0 2,075.0 Official Creditors 151.0 279.8 367.2 260.8 271.9 438.0 693.9 818.3 Multilateral 16.3 18.8 25.9 21.6 21.7 30.9 25.4 24.7 IBRD 16.3 18.8 25.9 21.6 21.7 30.9 25.4 23.2 IDA - - - - - - - - Bilateral 134.7 261.0 341.3 239.2 250.2 407.1 668.5 793.6 Private Creditors 225.2 314.0 161.7 370.8 265.9 941.0 481.1 1,256.7 Suppliers 28.8 47.0 33.9 44.1 40.8 47.5 32.4 18.6 Financial Markets 196.4 267.0 127.8 326.6 225.2 893.2 448.7 1,238.0 AVERAGE TERMS: PUBLIC DEBT NEW COMMITMENTS ALL CREDITORS Interest (%) 5.3 5.8 4.6 4.9 4.5 6.5 9.3 13.7 Maturity (years) 24.9 26.6 37.3 35.1 36.5 26.5 25.2 18.8 Grace Period (years) 11.0 11.8 13.3 11.9 11.8 8.8 8.9 5.1 Grant Element (%) 34.8 33.8 46.0 43.1 46.7 29.5 6.4 -21.4 OFFICIAL CREDITORS Interest (%) 4.8 5.2 5.1 4.3 4.2 5.4 8.9 13.3 Maturity (years) 31.6 37.1 40.1 39.5 39.2 33.5 30.2 30.9 Grace Period (years) 11.1 14.3 16.3 13.9 13.2 9.1 9.3 9.4 Grant Element (%) 39.0 40.6 43.5 49.6 49.6 37.3 7.0 -29.5 PRIVATE CREDITORS Interest (%) 5.8 6.4 3.9 8.0 5.6 9.1 10.3 14.0 Maturity (years) 16.7 14.2 32.6 11.5 26.8 9.5 10.6 7.6 Grace Period (years) 10.8 &.7 8.1 1.4 6.5 7.9 7.7 1.1 Grant Element (%) 29.7 25.7 50.1 7.8 36.2 10.4 4.5 -13.9 MAJOR ECONOMIC AGGREGATES (U.S. $ MILLIONS) Gross Nat. Product (GNP 7.568 12.880 13.270 14,361 14.029 17,965 20,316 19,133 Exports of G. & S. XGS) 2.222 3,721 4,566 5,672 6.830 8.286 10 125 10.849 Imports of G. & S. MGS 3,336 7,040 7,768 8,205 10,122 12.226 14,047 15,290 Intl. Reserves (RES) 1.253 1,358 1,477 1,714 2,890 3,694 4,055 3,971 PRINCIPAL RATIOS DOD/XGS % 161.3 140.0 157.3 142.6 135.1 124.8 124.8 127.8 DOD/GNP % 47.4 40.4 54.1 56.3 65.8 57.6 62.2 72.5 TDS/XGS % 16.9 16.0 11.6 11.1 7.9 16.6 11.6 19.1 TDS/GNP % 5.0 4.6 4.0 4.4 3.8 7.7 5.8 10.8 INT/XGS % 4.9 4.7 4.3 3.9 3.6 4.9 5.4 6.5 INT/GNP % 1.4 1.4 1.5 1.5 1.8 2.3 2.7 3.7 RES/DOD % 34.9 26.1 20.6 21.2 31.3 35.7 32.1 28.6 PES/MGS (months) 4.5 2.3 2.3 2.5 3.4 3.6 3.5 3.1 MEMORANDA Proportion of Disbursed Debt Concessional Loans (%) 41.7 43.7 51.1 54.0 57.7 59.2 51.3 44.0 Var. Int. Rate Loans (%) - - 0.7 1.2 2.0 2.7 5.8 6.5 Use oF IMF Credit(US$ mill - 39.8 331.4 346.5 353.4 295.4 199.5 101.9 1982 1983 1984 1985 1986 1987 1988 1989 PROJECTED PUBLIC DEBT SERVICE TOTAL DEBT SERVICE 1,841.6 1,535.8 1,569.0 1,351.6 1,454.4 1,168.2 1,099.5 1,102.5 Principal 1,013.9 741.2 825.2 680.3 831.4 603.2 567.4 606.9 Interest 827.7 794.6 743.9 671.3 623.0 565.0 532.1 495.6 OFFICIAL CREDITORS 816.3 818.2 808.6 792.0 774.6 751.4 745.9 765.6 Principal 370.6 357.1 359.5 361.5 362.8 358.7 366.8 404.6 Interest 445.7 461.1 449.1 430.5 411.8 392.8 379.2 361.0 PRIVATE CREDITORS 1,025.3 717.6 760.5 559.6 579.8 416.8 353.5 336.9 Principal 643.3 384.1 465.7 318.8 468.6 244.6 200.6 202.4 Interest 382.0 333.6 294.8 240.S 211.2 172.2 152.9 134.6 276 MALTA (USS Mi !I ioons) 1972 1974 1976 1977 1978 1979 1960 1981 TOTAL DEBT OUTSTANDING DISBURSED ONLY TOTAL DEBT .. Public / Publicly Guar. 21.1 26.9 48.0 52.8 67.3 73.2 101.0 96.8 Private Non-guaranteed . .. .. .. .. PUBLIC / PUBLICLY GUIARANTEED DEBT DEBT OUTS. INC. UNDISB. 23.7 36.3 57.6 63.3 101.4 113.2 137.9 126.4 Official Creditors 21.1 34.0 55.9 61.8 100.0 111.9 137.0 125.S Multilateral 3.9 3.1 2.2 1.8 1.3 12.3 10.8 9.2 IBRD 3.9 3.1 2.2 1.8 1.3 0.8 0.3 - IDA - - - - - - - - Bilateral 17.3 30.9 53.7 60.0 98.7 99.5 126.2 116.6 Private Creditors 2.6 2.3 1.7 1.5 1.4 1.3 1.0 0.6 Suppliers - - - - .. - - - Financial Markets 2.6 2.3 1.7 1.5 1.4 1.3 1.0 0.6 DEBT OUTS. DISB. (DOD) 21.1 26.9 48.0 52.8 67.3 73.2 101.0 96.8 Official Creditors 21.1 24.6 46.3 51.2 65.8 71.8 100.0 96.2 Multilateral 3.9 3.1 2.2 1.8 1.3 5.1 6.3 9.2 IBRO 3.9 3.1 2.2 1.8 1.3 0.8 0.3 - IDA - - - - - - - - Bilateral 17.3 21.5 44.1 49.4 64.5 66.7 93.7 86.9 Private Creditors - 2.3 1.7 1.5 1.4 1.3 1.0 0.6 Suppliers - - - - - - - - Financial Markets - 2.3 1.7 1.5 1.4 1.3 1.0 0.6 COMMITMENTS 7.0 9.1 10.6 2.5 32.4 11.0 31.3 5.0 Official Creditors 4.5 9.1 10.6 2.5 32.4 11.0 31.3 5.0 Multilateral - - - - - 11.0 - - IBRD - - - - - - - - IDA - - - - - - - - Bilateral 4.5 9.1 10.6 2.5 32.4 - 31.3 5.0 Private Creditors 2.6 - - - - - - Suppliers - - - - _ _ _ _ Financial Markets 2.6 - - - - - - - DISBURSEMENTS 4.5 5.0 18.2 2.6 9.9 5.3 34.3 10.9 Official Creditors 4.5 5.0 18.2 2.6 9.9 5.3 34.3 10.9 Multijateral - - - - - 4.1 2.2 3.8 IBRD - - - IDA - - - - - - - Bilateral 4.5 5.0 18.2 2.6 9.9 1.2 32.1 7.1 Private Creditors - - - - - - - - Suppliers - - - - _ _ _ Financial Markets - - - - - - - - PRINCIPAL REPAYMENTS 0.8 1.3 1.0 1.1 1.4 1.8 1.8 3.2 Official Creditors 0.8 1.3 1.0 0.9 1.2 1.7 1.6 3.1 Multilateral 0.4 0.4 0.5 0.4 0.5 0.5 0.4 0.3 IBRD 0.4 0.4 0.5 0.4 0.5 0.5 0.4 0.3 IDA - - - - - - - - Bilateral 0.4 0.9 0.5 0.6 0.7 1.1 1.2 2.8 Private Creditors - - - 0.2 0.2 0.2 0.2 0.1 Suppliers - - - - - Financial Markets - - - 0.2 0.2 0.2 0.2 0.1 NET FLOWS 3.7 3.7 17.2 1.5 8.5 3.4 32.5 7.7 official Creditors 3.7 3.7 17.2 1.6 8.7 3.6 32.7 7.8 Multilateral -0.4 -0.4 -0.5 -0.4 -0.5 3.6 1.7 3.5 IBRO -0.4 -0.4 -0.5 -0.4 -0.5 -0.5 -0.4 -0.3 IDA - - - - - - - - Bilateral 4.0 4.1 17.7 2.0 9.2 0.0 30.9 4.3 Private Creditors - - - -0.2 -0.2 -0.2 -0.2 -0.1 Suppliers -- - - - - Financial Markets - - - -0.2 -0.2 -0.2 -0.2 -0.1 INTEREST PAYMENTS(INT) 0.4 1.3 1.0 1.0 0.9 1.8 1.3 1.1 Official Creditors 0.4 1.2 0.9 0.9 0.9 1.7 1.2 1.1 Multilateral 0.2 0.0 0.1 0.1 0.1 0.6 0.2 0.1 IBRD 0.2 0.0 0.1 0.1 0.1 0.1 0.0 0.0 IDA - - - - - - - - Bilateral 0.2 1.2 0.8 0.8 0.8 1.1 1.1 0.9 Private Creditors - 0.1 0.1 0.0 0.0 0.0 0.0 0.0 Suppliers -- - - - - - - Financial Markets - 0.1 0.1 0.0 0.0 0.0 0.0 0.0 MALTA (US$ Millions) 1972 1974 1976 1977 1978 1979 1980 1981 NET TRANSFERS 3.2 2.4 16.2 0.5 7.6 1.7 31.2 6.6 Official Creditors 3.2 2.5 16.3 0.7 7.8 1.9 31.4 6.7 Multilateral -0.6 -0.4 -0.6 -0.5 -0.6 3.0 1.6 3.3 I8RC -0.6 -0.4 -0.6 -0.5 -0.6 -0.6 -0.5 -0.4 IDA - - - - - - - - Bilateral 3.8 2.9 16.9 1.2 8.4 -1.1 29.8 3.4 Private Creditors - -0.1 -0.1 -0.2 -0.2 -0.2 -0.2 -0.2 Suppliers - - - - - - - - Financial Markets - -0.1 -0.1 -0.2 -0.2 -0.2 -0.2 -0.2 TOTAL DEBT SERVICE(TDS) 1.2 2.6 2.0 2.1 2.3 3.6 3.1 4.3 Official Creditors 1.2 2.5 1.9 1.9 2.1 3.4 2.9 4.2 Multilateral 0.6 0 4 0.6 0.5 0.6 1.2 0.6 0.5 IBRD 0.6 0.4 0.6 0.5 0.6 0.6 0.5 0.4 IDA - - - - - - - - Bilateral 0.7 2.1 1.3 1.4 1.5 2.2 2.3 3.7 Private Creditors - 0.1 0.1 0.2 0.2 0.2 0.2 0.2 Suppliers - - - - - - - - Financial Markets - 0.1 0.1 0.2 0.2 0.2 0.2 0.2 AVERAGE TERMS: PUBLIC DEBT NEW COMMITMENTS ALL CREDITORS Interest (%) 1.0 1.0 - - 3.0 1.8 - - Maturity (years) 19.4 23.4 18.3 18.3 17.2 28.4 18.3 18.4 Grace Period (years) 9.5 5.0 8.3 8.3 3.9 7.6 8.3 4.4 Grant Element (%) 65.8 61.4 70.6 70.6 41.7 60.8 70.6 63 4 OFFICIAL CREDITORS Interest (%) - 1.0 - - 3.0 1.8 - - Maturity (years) 22.1 23.4 18.3 18.3 17.2 28.4 18.3 18.4 Grace Period (years) 12.1 5.0 8.3 8.3 3.9 7.6 8.3 4.4 Grant Element (%) 79.5 61.4 70.6 70.6 41.7 60.8 70.6 63.4 PRIVATE CREDITORS Interest (%) 2.9 - - - - - - - Maturity y years) 14.6 - - - - - - - Grace Period (years) 5.1 - - - - - - - Grant Element (%) 42.0 - - - - - - - MAJOR ECONOMIC AGGREGATES (U.S. $ MILLIONS) Gross Nat. Product GNP) 290 374 522 613 763 945 1,239 1,308 Exports of G. & S. XGS) 223 389 525 619 729 933 1.206 1.094 Imports of G. & S. MGS) 216 404 479 593 679 920 1,192 1,073 Intl. Reserves (RES) 285 453 655 779 1,006 1,200 1,246 1,207 PRINCIPAL RATIOS DOD/XGS %) 9.5 6.9 9.1 8.5 9.2 7.8 8.4 8.8 DOD/GN? %l 7.3 7.2 9.2 8.6 8.8 7.7 8.1 7.4 TDS/XGS %) 0.6 0.7 0.4 0.3 0.3 0.4 0.3 0.4 TDS/GNP %) 0.4 0.7 0.4 0.3 0.3 0.4 0.2 0.3 INT/XGS %) 0.2 0.3 0.2 0.2 0.1 0.2 0.1 0.1 INT/GNP %) 0.1 0.3 0.2 0.2 0.1 0.2 0.1 0.1 RES/DOD %) 1,346.6 1,682.1 1,364.7 1,475.6 1,496.0 1,640.5 1,233.9 1,247.5 RES/MGS months) 15.8 13.4 16.4 15.8 17.8 15.7 12.5 13.5 MEMORANDA Proportion of Disbursed Debt Concessional Loans (%) 52.3 58.2 83.9 85.9 89.7 91.3 94.4 96.1 Var. Int. Rate Loans (% - - - - - - - - Use of IMF Credit(US$ milu - - - - - - - 1982 1983 1984 1985 1986 1987 1988 1989 PROJECTED PUBLIC DEBT SERVICE TOTAL DEBT SERVICE 4.4 6.3 9.8 10.2 11.0 10.8 10.7 10.3 Principal 3.1 4.8 8.2 8.7 9.5 9.4 9.5 9.2 Interest 1.3 1.5 1.5 1.5 1.5 1.3 1.2 1.0 OFFICIAL CREDITORS 4.3 6.1 9.6 10.1 10.9 10.8 10.7 10.3 Principal 3.0 4.7 8.1 8.6 9.4 9.4 9.5 9.2 Interest 1.3 1.5 1.5 1.5 1.5 1.3 1.2 1.0 PRIVATE CREDITORS 0.1 0.1 0.1 0.1 0.1 - - - Principal 0.1 0.1 0.1 0.1 0.1 - - - Interest 0.0 0.0 0.0 0.0 0.0 - - 278 PORTUGAL (US$ Mil1l1ions) 1t72 1974 1976 1977 1978 1979 1980 1981 TOTAL DEBT OUTSTANDING DISBURSED ONLY TOTAL DEBT .. .. .. .. . Public / Publicly Guar. 538.8 854.4 1,343.5 2,184.6 3,698.6 4,998.4 5,625.1 6,312.8 Private Non-guaranteed .. .. . .. . .. PUBLIC / PUBLICLY GUARANTEED DEBT DEBT OUTS. INC. UNDISB. 610.5 1,217.8 1,869.3 2,790.1 4,719.9 5,909.5 6,850.6 7,416.8 Official Creditors 322.4 342.2 626.7 1,095.6 2,229.8 2,690.6 2,883.1 2,770.4 Multilateral 67.0 71.3 224.6 402.4 653.4 870.6 1,027.4 1,103.6 tBRD 48.0 42.2 71.6 142.1 269.3 405.2 529.8 632.3 IDA - - - - - - - - Bilateral 255.5 270.9 402.1 693.2 1,576.4 1,820.0 1,855.7 1,666.8 Private Creditors 288.1 875.6 1,242.6 1,694.5 2,490.1 3,218.8 3,967.4 4,646.4 Suppliers 50.8 272.8 314.4 381.6 426.0 419.8 559.9 437.8 Financial Markets 237.2 602.9 928.2 1,313.0 2,064.1 2,799.1 3,407.5 4,208.7 DEBT OUTS. DISB. (DOD) 538.8 854.4 1,343.5 2,184.6 3,698.6 4,998.4 5,625.1 6,312.8 Official Creditors 261.6 322.9 419.7 706.5 1,584.5 1,899.8 1,973.6 1,951.0 Multilateral 67.0 66.2 116.7 178.5 275.4 372.3 468.4 470.0 IBRD 48.0 42.2 35.6 32.2 36.1 63.1 109.4 132.4 IDA - - - - - - - - Bilateral 194.6 256.7 303.0 527.9 1,309.1 1,527.5 1,505-2 1,481.0 Private Creditors 277.2 531.5 923.7 1,478.2 2,114.1 3,098.6 3,651.5 4,361.7 Suppliers 50.8 240.8 306.7 340.5 380.2 391.4 459.9 437.4 Financial Markets 226.4 290.7 617.0 1,137.7 1,733.9 2,707.2 3,191.6 3,924.3 COMMITMENTS 72.1 349.8 711.9 954.3 1,944.8 1,520.1 1,752.2 1,406.9 Official Creditors 31.6 24.5 282.5 477.5 1,131.8 584.0 485.5 279.7 Multilateral 1.6 5.1 158.7 161.3 216.7 211.5 229.5 187.9 IBRD - - 36.0 74.0 131.0 143.0 134.0 120.0 IDA - - - - - - - - Bilateral 30.0 19.4 123.8 316.2 915.1 372.5 256.0 91.7 Private Creditors 40.6 325.3 429.4 476.8 813.0 936.2 1,266.7 1,127.2 Suppliers 3.7 13.6 40.9 72.6 66.1 28.9 229.2 4.6 Financial Markets 36.9 311.8 388.4 404.2 746.9 907.2 1,037.5 1,122.6 DISBURSEMENTS 89.4 156.8 411.5 898.6 1,574.7 1,630.6 1,412.9 1,622.2 Official Creditors 57.1 15.1 123.2 307.5 904.0 441.1 340.4 305.4 Multilateral 1.6 0.7 57.6 53.9 78.0 98.4 154.7 83.0 IBRD 0.0 - - 0.1 7.7 34.0 55.8 36.4 IDA - - - - - - - Bilateral 55.5 14.4 65.6 253.5 826.1 342.7 185.7 222.4 Private Creditors 32.3 141.8 288.3 591.1 670.7 1,189.5 1,072.5 1,316.8 Suppliers 3.7 62.9 48.9 41.9 65.3 45.9 157.6 103.5 Financial Markets 28.7 78.9 239.5 549.2 605.4 1,143.6 914.9 1,213.2 PRINCIPAL REPAYMENTS 77.6 80.4 102.3 139.5 256.5 416.8 537.6 606.3 Official Creditors 15.8 22.0 26.7 40.4 83.0 153.2 210.1 218.8 Multilateral 4.0 4.8 6.1 7.4 8.4 15.5 22.2 28.8 IBRD 2.7 3.0 3.4 3.6 3.8 7.1 9.5 13.5 IDA - - - - - - - - Bilateral 11.7 17.2 20.5 33.0 74.5 137.7 187.9 190.0 Private Creditors 61.9 58.4 75.6 99.1 173.6 263.6 327.5 387.5 Suppliers 9.6 8.1 21.7 28.1 61.7 50.2 58.6 72.0 Financial Markets 52.2 50.3 53.9 71.0 111.9 213.4 268,9 315.5 NET FLOWS 11.8 76.5 309.3 759.0 1,318.2 1,213.8 875.2 1,015.8 Official Creditors 41.3 -6.9 96.6 267.1 821.1 287.9 130.3 86.6 Multilateral -2.5 -4.1 51.5 46.6 69.5 82.9 132.5 54.2 IBRD -2.7 -3.0 -3.4 -3.5 3.9 26.9 46.4 22.9 IDA - - - - - - - - Bilateral 43.8 -2.8 45.1 220.5 751.5 205.1 -2.1 32.3 Private Creditors -29.5 83.4 212.7 492.0 497.1 925.8 744.9 929.3 Suppliers -6.0 54.8 27.2 13.8 3.6 -4.3 99.0 31.6 Financial Markets -23.5 28.6 185.5 478.2 493.6 930.2 646.0 897.7 INTEREST PAYMENTS(INT) 27.7 27.5 41.2 78.3 149.5 311.4 450.6 641.1 Official Creditors 11.1 12.9 16.6 23.2 64.7 120.4 140.4 128.6 Multilateral 3.8 4.1 3.9 8.5 15.6 23.9 32.8 35.9 IBRD 3.1 3.2 2.8 3.0 3.6 5.8 9.7 12.2 IDA - - - - - - - - Bilateral 7.4 8.9 12.7 14.7 49.1 96.4 107.6 92.7 Private Creditors 16.5 14.6 24.7 55.1 84.9 191.1 310.2 512.5 Suppliers 2.9 2.7 6.2 8.0 15.1 22.2 22.0 16.2 Financial Markets 13.7 11.9 18.4 47.0 69.8 168.9 288.1 496.4 279 PORTUGAL (USS Millions) 1972 1974 1976 1977 1978 1979 1980 1981 NET TRANSFERS -15.9 49.0 26E.0 680.8 1,168.7 902.3 424.6 374.7 Official Creditors 30.2 -19.8 80.0 243.8 756.4 167.6 -10.1 -42.1 Multilateral -6.2 -8.1 47.5 38.0 53.9 58.9 99.6 18.3 IBRD -5.7 -6.2 -6.1 -6.5 0.4 21.2 36.7 10.7 IDA - - - Bilateral 36.4 -11.7 32.4 205.8 702.5 108.6 -109.8 -60.4 Private Creditors -46.1 68.8 188.1 436.9 412.2 734.8 434.8 416.8 Suppliers -8.8 52.1 21.0 5.7 -11.5 -26.5 76.9 15.4 Financial Markets -37.2 16.7 167.1 431.2 423.8 761.3 357.8 401.4 TOTAL DEBT SERVICE(TDS) 105.3 107.9 143.5 217.8 406.0 728.2 988.2 1,247.5 Official Creditors 26.9 34.9 43.2 63.6 147.6 273.5 350.5 347.5 Multilateral 7.8 8.8 10.1 15.9 24.0 39.4 55.0 64.7 IBRD 5.8 6.2 6.1 6.6 7.3 12.9 19.1 25.7 IDA - - - - - - - - Bilateral 19.1 26.1 33.2 47.7 123.6 234.1 295.5 282.7 Private Creditors 78.4 73.0 100.3 154.2 258.4 454.7 637.7 900.0 Suppliers 12.5 10.7 27.9 36.2 76.8 72.5 80.7 88.1 Financial Markets 65.9 62.3 72.4 118.0 181.7 382.3 557.1 811.9 AVERAGE TERMS: PUBLIC DEBT NEW COMMITMENTS ALL CREDITORS Interest (%) 5.3 6.8 7.6 7.5 8.9 10.9 10.7 14.8 Maturity (years) 10.9 13.0 10.4 10.9 8.7 10.5 9.9 9.1 Grace Period (years) 1.7 4.5 3.1 3.5 3.5 3.7 3.6 4.1 Grant Element (%) 19.8 17.0 11.1 12.6 4.4 -3.5 -2.6 -20.5 OFFICIAL CREDITORS Interest (%) 4.6 5.2 6.3 6.8 7.6 8.0 8.7 8.8 Maturity (years) 16.2 15.6 13.7 14.0 10.0 13.1 13.6 14.4 Grace Period (years) 1.6 6.3 3.6 4.2 3.2 3.3 3.7 5.2 Grant Element (%J 28.7 30.3 19.7 17.5 10.8 11.8 7.2 6.5 PRIVATE CREDITORS Interest (%) 5.8 7.0 8.4 8.1 10.8 12.7 11.5 16.3 Maturity (years) 6.7 12.7 8.2 7.7 6.8 8.9 8.5 7.8 Grace Period (years) 1.8 4.4 2.8 2.8 4.0 3.9 3.5 3.8 Grant Element (%) 12.9 16.0 5.4 7.5 -4.5 -13.1 -6.3 -27.2 MAJOR ECONOMIC AGGREGATES (U.S. $ MILLIONS) Gross Nat. Product GNP1 9,459 13,665 15,485 16.289 17.629 20.078 23.752 23.582 Exports of G. & S. XGSI 3.176 4,802 3,537 4,640 5.606 7,779 9,769 9.236 Imports of G. & S. MGS) 2,795 5,597 4,876 5.561 6,042 7,859 10,913 11,867 Intl. Reserves (RES) 3.036 6,353 3,905 4,343 5,872 12,262 13,864 9,345 PRINCIPAL RATIOS D)OD/XGS % 17.0 17.8 38.0 47.1 66.0 64.3 57.6 68.3 DOD/GNP % 5.7 6.3 8.7 13.4 21.0 24.9 23.7 26.8 r0S/XGS %) 3.3 2.2 4.1 4.7 7.2 9.4 10.1 13.5 TDS/GNP % 1.1 0.8 0.9 1.3 2.3 3.6 4.2 5.3 INT/XGS % 0.9 0.6 1.2 1.7 2.7 4.0 4.6 6.9 INT/GNP 0.3 0.2 0.3 0.5 0.8 1.6 1.9 2.7 RES/DOD % 563.4 743.6 290.6 198.8 158.8 245.3 246.5 148.0 RES/MGS months) 13.0 13.6 9.6 9.4 11.7 18.7 15.2 9.4 MEMORANDA Proportion of Disbursed Debt Concessional Loans (%) 30.2 25.4 15.9 12.4 8.4 7.5 7.3 6.7 Var. Int. Rate Loans (%) - - 0.8 0.6 11.8 17.9 21.9 31.5 Use of IMF Credit(US$ mil) - - 201.3 297.5 264.2 226.2 119.5 55.3 1982 1983 1984 1985 1986 1987 1988 1989 PROJECTED PUBLIC DEBT SERVICE TOTAL DEBT SERVICE 1,400.2 1,484.4 1,510.7 1,421.1 1,292.8 1,124.1 839.3 552.9 Principal 761.5 855.2 938.2 943.8 916.7 847.1 655.3 437.5 Interest 638.8 629.2 572.5 477.3 376.1 277.0 184.0 115.4 OFFICIAL CREDITORS 380.0 415.6 425.8 395.3 386.4 347.1 270.5 223.7 Principal 246.2 268.4 286.1 267.4 273.9 251.2 190.8 156.0 Interest 133.8 147.2 139.7 127.9 112.5 95.9 79.7 67.7 PRIVATE CREDITORS 1,020.3 1,068.7 1,084.9 1,025.8 906.4 777.0 568.8 329.2 Principal 515.3 586.8 652.1 676.4 642.8 595.9 464.6 281.5 Interest 505.0 482.0 432.8 349.4 263.6 181.1 104.2 47.7 280 ITURKEY (US$ Mil7ions) 1972 1974 1976 1977 1978 1979 1980 1981 TOTAL DEBT OUTSTANDING DISBURSED ONLY TOTAL DEBT 2,519.6 3,271.4 3,835.8 4,777.6 6,913.3 11,622.7 14,011.8 14,248.7 Puolic / Publicly Guar. 2,450.1 3,125.7 3,587.7 4,298.6 6,356.3 10,992.7 13,476.8 13,808.7 Private Non-guaranteed 69.5 145.7 248.1 479.0 557.0 630.0 535.0 440.0 PUBLIC / PUBLICLY GUARANTEED DEBT DEBT OUTS. INC. UNDISB. 3,477.5 4,458.7 5,946.1 7,183.2 9,934.5 14,682.5 16,868.5 17,098.1 Official Creditors 3,260.8 4,236.4 5,021.9 5,739.7 8,036.1 9,747.2 11,269.7 11,943.7 Multilateral 712.5 1,347.4 1,755.9 1,909.7 2,352.6 2,804.4 3,653.9 4,197.0 IBRD 361.1 678.1 1,047.9 1,157.3 1,485.8 1,757.4 2,328.2 2,822.0 !DA 155.8 196.1 194.3 193.3 192.4 191.3 189.4 188.2 Bilateral 2,548.4 2,889.0 3,266.0 3,830.0 5,683.5 6,942.8 7,615.8 7,746.7 Private Creditors 216.7 222.3 924.3 1,443.5 1,898.3 4,935.3 5,598.a 5,154.5 Suppliers 154.4 124.1 281.6 454.0 518.5 479.1 1,259.1 983.9 Financial Markets 62.3 98.2 642.7 989.5 1,379.8 4,456.2 4.339.7 4,170.6 DEBT OUTS. DIS8. (DOD) 2,450.1 3,125.7 3,587.7 4,298.6 6,356.3 10,992.7 13,476.8 13,808.7 Official Creditors 2,298.6 2,923.4 3,290.9 3,656.2 5,517.2 7,227.6 8,333.6 8,905.8 Multilateral 372.0 617.0 979.9 1,201.1 1,462.3 1,826.8 2,179.6 2,613.8 IBRD 91.8 208.1 391.3 511.6 647.7 890.0 1,157.5 1,545.9 IDA 99.4 126.8 163.3 181.0 188.5 190.3 189.4 186.2 Bilateral 1,926.6 2,306.4 2,311.0 2,455.2 4,054.9 5,401.0 6,153.9 6,292.0 Private Creditors 151.4 202.3 296.9 642.4 839.1 3,764.9 5,143.3 4,902.8 Suppliers 9C.9 115.0 129.0 150.0 134.7 170.0 1,089.8 903.3 Financial Markets 60.5 87.3 167.9 492.5 704.4 3,594.9 4,053.5 3,999.5 COMMITMENTS 597.5 527.4 1,281.7 1,210.1 1,345.1 4,308.2 2,957.4 2,013.2 Official Creditors 562.5 508.5 717.8 724.0 924.5 1,123.3 2,683.2 1,789.1 Multilateral 242.3 368.0 291.2 150.2 411.9 472.0 1,012.1 801.0 IBRO 177.0 228.0 236.5 144.0 357.5 306.0 616.0 560.0 IDA 36.3 - - - - - - - Bilateral 320.2 140.5 426.6 573.8 512.6 651.3 1,671.0 988.1 Private Creditors 34.9 18.9 563.9 486.1 420.6 3,184.9 274.2 224.0 Suppliers 31.4 - 127.7 169.1 62.7 19.6 42.7 21.7 Financial Markets 3.5 18.9 436.2 317.0 357.8 3,165.3 231.5 202.3 DISBURSEMENTS 369.4 317.9 568.9 758.0 896.0 4,207.5 2,278.8 1,815.8 Official Creditors 322.4 253.3 394.7 390.0 599.9 1,131.3 1,563.8 1,492.5 Multilateral 72.6 122.7 256.5 212.9 236.0 389.8 491.8 638.7 IBRD 25.1 75.0 117.0 145.8 165.0 276.8 312.6 454.0 IDA 3.8 13.8 20.8 18.7 8.4 2.9 0.3 - Bilateral 249.7 130.7 138.2 177.1 364.0 741.5 1,072.0 853.8 Private Creditors 47.1 64.6 174.1 367.9 296.1 3,076.2 715.0 323.3 Suppliers 42.9 41.8 64.6 34.9 19.5 74.7 162.4 45.1 Financial Markets 4.2 22.8 109.5 333.0 276.6 3,001.5 552.6 278.2 PRINCIPAL REPAYMENTS 161.1 148.8 166.9 195.7 264.4 402.7 405.4 510.1 Official Creditors 129.0 105.9 124.7 152.2 191.7 289.0 255.2 288.3 Multilateral 61.6 11.4 19.7 32.9 42.5 57.4 66.9 84.0 IBRD 5.5 8.0 13.6 25.5 29.0 34.4 45.2 63.1 IDA - 0.5 1.0 1.0 1.0 1.1 1.1 1.2 Bilateral 67.4 94.5 105.0 119.4 149.2 231.6 188.3 204.3 Private Creditors 32.0 42.8 42.2 43.4 72.7 113.7 150.1 221.8 Suppliers 15.1 30.4 28.4 27.0 8.5 3.9 10.3 25.4 Financial Markets 17.0 12.5 13.9 16.5 64.2 109.7 139.8 196.4 NET FLOWS 208.4 169.2 401.9 562.3 631.6 3,804.9 1,873.5 1,305.7 Official Creditors 193.3 147.4 270.0 237.8 408.3 842.4 1,308.5 1,204.2 Multilateral 11.0 111.2 236.8 180.0 193.5 332.5 424.9 554.8 IBRD 19.6 67.0 103.4 120.3 136.1 242.3 267.5 390.9 IDA 3.8 13.3 19.8 17.7 7.4 1.8 -0.9 -1.2 Bilateral 182.3 36.2 33.2 57.8 214.8 509.9 883.7 649.5 Private Creditors 15.1 21.7 131.9 324.5 223.4 2,962.5 564.9 101.5 Suppliers 27.8 11.4 36.2 7.9 11.0 70.8 152.2 19.7 Financial Markets -12.7 10.3 95.6 316.6 212.4 2,891.7 412.8 81.8 INTEREST PAYMENTS(INT) 63.1 92.1 143.9 166.8 164.1 224.3 595.7 658.2 Official Creditors 56.9 80.8 125.8 125.1 124.5 139.2 165.3 228.4 Multilateral 15.4 24.7 46.1 58.7 80.0 101.5 127.6 141.1 IBRD 5.9 14.4 29.4 37.0 53.0 70.9 88.3 100.5 IDA 1.0 0.9 1.1 1.3 1.4 1.4 1.4 1.4 Bilateral 41.5 56.1 79.7 66.4 44.5 37.8 37.7 87.3 Private Creditors 6.2 11.3 18.1 41.7 39.6 85.1 430.4 429.8 SuDpliers 3.1 7.1 6.1 7.1 1.8 0.6 10.6 16.7 Financial Markets 3.1 4.2 12.0 34.6 37.8 84.5 419.7 413.0 ZS1b TURKEY (US$ Millions) 1972 1974 1976 1977 1978 1979 1980 1981 NET TRANSFERS 145.3 77.0 258.0 395.5 467.5 3,580.5 1,277.8 647.5 Official Creditors 136.4 66.6 144.2 i12.7 283.8 703.1 1,143.2 975.8 Multilateral -4.4 86.5 190.7 121.3 113.4 231.0 297.2 413.7 IBRD 13.6 52.7 74.0 83.4 83.1 171.4 t79.2 290.3 IDA 2.8 12.5 18.7 16.4 6.1 0.4 -2.3 -2.7 Bilateral 140.8 -19.9 -46.5 -8.6 170.3 472.2 346.0 562.1 Private Creditors 8.9 10.4 113.8 282.8 183.7 2,877.4 134.6 -328.3 Suppliers 24.7 4.3 30.1 0.9 9.1 70.2 141.5 2.9 Financial Markets -15.8 6.1 83.6 281.9 174.6 2,807.2 -7.0 -331.2 TOTAL DEBT SERVICE(TDS) 224.2 240.9 310.9 362.5 428.5 627.0 1,001.0 1,168.3 Official Crecitors 185.9 186.7 250.5 277.3 316.2 428.2 420.5 516.7 Multilateral 77.0 36.2 65.8 91.6 122.5 158.8 194.6 225.1 IBRD 11.5 22.3 43.0 62.5 81.9 105.4 133.4 163.6 IDA 1.0 1.4 2.1 2.2 2.3 2.5 2.5 2.7 Bilateral 1O8.9 150.5 184.7 185.7 i93.6 269.4 226.0 291.6 Private Creditors 38.2 54.1 60.4 85.1 112.3 198.8 580.5 651.6 Suppliers 18.2 37.5 34 5 34.0 10.4 4.5 20.9 42.2 Financial Markets 20.1 16.6 25.9 51.1 102.0 194.3 559.6 609.4 AVERAGE TERMS: PUBLIC DEBT NEW COMMITMENTS ALL CREDITORS Interest (%) 4.4 5.9 7.5 7.7 6.9 11.3 6.5 7.9 Maturity (years) 22.1 22.9 13.0 11.6 13.3 11.1 17.4 15.0 Grace Period (years) 6.0 5.7 4.1 4.3 4.0 4.1 5.0 4.3 Grant Element (%) 38.5 29.7 13.5 11.3 17.4 -1.7 23.2 15.3 OFFICIAL CREDITORS Interest (%A) 4.3 5.7 7.1 7.6 6.3 5.0 6.2 6.9 Maturity lyears) 22.9 23.4 16.3 13.4 15.8 22.4 18.0 16.4 Grace Period (years) 6.2 5.9 4.9 4.7 4.6 6.6 5.2 4.7 Grant Element (%) 40.2 31.2 18.1 12.7 22.3 37.3 24.5 18.1 PRIVATE CREDITORS Interest (%) 7.1 12.6 8.0 7.8 8.3 13.6 10.6 15.4 Maturity (years) 8.4 10.3 8.8 9.2 7.7 7.1 6.4 4.5 Grace Period (years) 2.3 0.8 3.1 3.8 2.5 3.2 2.1 1.6 Grant Element (%) 10.8 -11.3 7.6 9.4 6.0 -15.6 -3.3 -7.2 MAJOR ECONOMIC AGGREGATES (U.S. S MILLIONS) Gross Nat. Product (GNP) 17,018 30,667 42,048 48,489 53 155 70,776 58,329 59.021 Exports cf G. & S. (XGS) 2,006 3,580 3.838 3,550 4.025 4,952 5,965 8,761 Impo'ts of G. & S. (MGS1 1.939 4,286 5,925 6,905 5,389 6,545 9,631 11,193 Intl. Reserves (RES) 1,497 2,374 1,459 1,219 1,662 2,695 3,495 2,783 PRINCIPAL RATIOS DOD/XGS % 122.1 87.3 93.5 121.1 157.9 222.0 225.9 157.6 DODD/GNP % 14.4 10.2 8.5 8.9 12.0 15.5 23.1 23.4 TDS/XGS % 11.2 6.7 8.1 10.2 10.6 12.7 16.8 13.3 TDS/GNP % 1.3 0.8 0.7 0.7 0.8 0.9 1.7 2.0 INT/XGS % 3.1 2.6 3.8 4.7 4.1 4.5 10.0 7.5 INT/GNP % 0.4 0.3 0.3 0.3 0.3 0.3 1.0 1.1 RES/DOD % 61.1 75.9 40.7 28.4 26.1 24.5 25.9 20.2 RES/MGS mnonths) 9.3 6.6 3.0 2.1 3.7 4.9 4.4 3.0 MEMORANDA Proportion of Disbursed Debt Concessional Loans (%) 87.1 82.8 72.5 65.2 47.7 33.1 32.2 31.9 Var. Int. Rate Loans (%) 0.6 1.0 2.8 7.8 6.7 29.5 25.6 24.9 Use of IMF Credit(US$ mil) - - 391.3 409.1 622.3 632.7 1.054.2 1,321.8 1982 1983 1984 1985 1986 1987 1988 1989 PROJECTED PUBLIC DEBT SERVICE TOTAL DEST SERVICE 2,258.7 2,110.4 2,226.3 2,568.4 2,530.3 2,332.2 2,142.8 1,933.0 Principal 1,144.2 1,000.5 1,114.6 1,514.5 1,616.8 1,567.9 1,531.2 1,471.0 Interest 1,114.5 1,109.9 1,111.8 1,053.9 913.5 764.2 611.5 462.0 OFFICIAL CREDITORS 1,108.2 1,275.6 1,307.8 1,382.7 1,319.7 1,252.8 1,200.1 1,087.2 Principal 664.7 78E.8 801.5 895.1 872.0 851.1 849.1 786.6 Interest 443.4 486.8 506.3 487.7 447.6 401.7 350.9 300.6 PRIVATE CREDITORS 1,150.5 834.8 918.6 1,185.7 1,210.7 1,079.4 942.7 845.8 Principal 479.5 211.7 313.1 619.4 744.8 716.8 682.1 684.A Interest 671.0 623.1 605.5 566.3 465.9 362.6 260.6 161.4 282 TURKEY (tS$ Millions) 1972 1974 1976 1977 1978 1979 1980 1981 PRIVATE NON-GUARANTEED DEBT DEBT OUTS.DISB. ONLY 69.5 145.7 248.1 479.0 557.0 630.0 535.0 440.0 Official Sources 52.5 84.9 191.1 253.0 222.0 214.6 188.0 135.0 Private Sources 17.0 60.8 57.0 226.0 335.0 415.4 347.0 305.0 Foreign Parent Comp. - - - - - - - - Financial Institutions - - - - - - Suppliers - - - - - - - - DISBURSEMENTS 22.7 36.1 140.4 257.0 193.0 106.0 75.0 50.0 OFficial Sources 9.2 12.8 90.0 66.0 32.0 15.0 21.0 10.0 Private Sources 13.5 23.3 50.4 191.0 161.0 91.0 54.0 40.0 Foreign Parent Comp. - - - - - - - - Financial Institutions - - - - - - - Suppliers - - - - - - - - PRINCIPAL REPAYMENTS 1.2 8.8 35.6 38.6 71.0 33.0 29.0 38.0 Official Sources 0.5 3.4 9.2 16.6 21.0 15.0 19.0 21.0 Private Sources 0.7 5.4 26.4 22.0 50.0 18.0 10.0 15.0 Foreign Parent Comp. - - - - - - - - Financial Institutions - - - - - - - - Suppliers - - - - - - - - NET FLOWS 21.5 27.3 104.8 218.4 122.0 73.0 46.0 14.0 Official Sources 8.7 9.4 80.8 49.4 11.0 - 2.0 -11.0 Private Sources 12.8 17.9 24.0 169.0 111.0 73.0 44.0 25.0 Foreign Parent Comp. - - - - - - - - Financial Institutions - - - - - - - - Suppliers - - - - - - - - INTEREST PAYMENTS 2.8 8.4 22.7 17.6 30.8 22.0 20.0 28.0 Official Sources 2.6 5.0 12.8 11.6 17.8 14.0 10.0 9.0 Private Sources 0.3 3.4 9.9 6.0 13.0 8.0 10.0 19.0 Foreign Parent Comp. - - - - - - - - Financial Institutions - - - - - - - - Suppliers - - - - - - - - NET TRANSFERS 18.6 18.9 82.1 200.8 91.2 51.0 26.0 -14.0 Official Sources 6.1 4.4 68.0 37.8 -6.8 -14.0 -8.0 -20.0 Private Sources 12.5 14.5 14.1 163.0 98.0 65.0 34.0 6.0 Foreign Parent Comp. - - - - - - - - Financial Institutions - - - - - - - - Suppliers - - - - - - - - TOTAL DEBT SERVICE 4.1 17.2 58.3 56.2 101.8 55.0 49.0 64.0 Official Sources 3.1 8.4 22.0 28.2 38.8 29.0 29.0 30.0 Private Sources 1.0 6.8 36.3 28.0 63.0 26.0 20.0 34.0 Foreign Parent Comp. - - - - - - - - Financial institutions - - - - - - - - Suppliers - - - - - - 1982 1983 1984 1985 1986 1987 1988 1989 PROJECTED NON-GUARANTEED DEBT SERVICE TOTAL DEBT SERVICE 92.0 103.0 95.0 100.0 83.0 62.0 34.0 23.0 Principal 55.0 70.0 68,0 79.0 66.0 49.0 25.0 18.0 Interest 37.0 33.0 27.0 21.0 17.0 13.0 9.0 5.0 283 TURKEY (ZJS$ Mill ions) 1972 1974 1976 1977 1978 1979 1980 1981 PUBLIC AND PRIVATE DEBT DEBT OUTS.DISB. ONLY 2,519.6 3,271.4 3,B35.8 4,777.5 6,913.3 11,622.7 14,011.8 14,248.7 DISBURSEMENTS 392.1 354.0 709.3 1,015.0 1,089.0 4,313.5 2,353.8 1,885.8 PRINCIPAL REPAYMENTS 162.3 157.6 202.5 234.3 335.4 435.7 434.4 546.1 NET FLOWS 229.9 196.5 506.7 780.7 753.6 3,877.9 1,919.5 1,319.7 INTEREST PAYMENTS 66.0 100.5 166.6 184.4 194.9 246.3 615.7 e86.2 NET TRANSFERS 163.9 95.9 340.1 596.3 558.7 3,631.5 1,303.8 633.5 TOTAL DEBT SERVICE 228.3 258.1 369.2 418.7 530.3 682.0 1,050.0 1,232.3 1982 1983 1984 1985 1986 1987 1938 1989 PROJECTED PUBLIC AND PRIVATE DEBT SERVICE TOTAL DEBT SERVICE 2,350.7 2,213.4 2,321.3 2,668.4 2,613.3 2,394.2 2,176.8 1,956.0 PRINCIPAL 1,199.2 1,070.5 1,182.6 1,593.5 1,682.8 1,616.9 1,556.2 1,489.0 INTEREST 1,151.5 1,142.9 1,138.8 1,074.9 930.5 777.2 620.5 467.0 284 YUGOSLAVIA' (US$ MilI ions) 1972 1974 1976 1977 1978 1979 1980 1981 TOTAL DEBT OUTSTANDING DISBURSED ONLY TOTAL DEBT 3,437.7 4,923.7 7,169.7 8,954.5 11,115.3 13,716.7 15,444.8 16,142.1 Publ-,c / Publicly Guar. 1,612.4 2,090.5 2,789.9 3,083.9 3,40S.5 3,660.4 4,551.1 5,266.0 Private Non-guaranteed 1,825.3 2,833.2 4,379.8 5,870.6 7,706.8 10,056.3 10,893.7 10,876.1 PUBLIC / PUBLICLY GUARANTEED DEBT DEBT OUTS. INC. UNDISB. 2,343.5 3,298.0 3,689.3 4,046.9 4,632.5 4,737.8 5,514.4 6,872.5 Official Creditors 1,803.7 2,764.0 3,i46.1 3,567.9 4,192.2 4,380.3 4,595.4 5,502.9 Multilateral 586.1 915.9 1,163.6 1,478.0 1,964.5 2,201.8 2,339.4 2,674.5 IBRD 579.2 909.0 1,159.2 1,443.4 1,892.3 2,127.6 2,273.0 2,619.8 IDA - - - - - - - - Bilateral 1,217.6 1,848.2 1,982.5 2,089.9 2,227.7 2,178.5 2,256.0 2,828.4 Private Creditors 539.8 534.0 543.2 479.0 440.4 357.5 919.0 1,369.7 Suppliers 162.4 101.5 51.1 39.6 32.0 25.9 17.6 10.3 Financial Markets 374.9 432.2 492.1 439.4 408.3 331.7 901.4 1,359.4 DEBT OUTS. DISB. (DOD) 1,612.4 2,090.5 2,789.9 3,083.9 3,408.5 3,660.4 4,551.1 5,266.0 Official Creditors 1,160.9 1,644.8 2,370.3 2,689.5 3,021.5 3,310.7 3,634.8 3,896.3 Multilateral 323.4 431.5 659.6 762.1 900.9 1,170.1 1,407.6 1,522.5 IBRD 316.5 424.6 655.1 758.1 897.6 1,143.0 1,358.8 1,482.5 IDA - - - - - - - - Bilateral 837.6 1,213.4 1,710.7 1,927.4 2,120.5 2,140.7 2,227.2 2,373.9 Private Creditors 451 4 445.7 419.6 394.4 387.1 349.7 916.3 1,369.7 Suppliers 148.1 101.2 50.8 39.6 32.0 25.S 17.6 10.3 Financial Markets 300.8 344.2 368.7 354.8 355.0 323.8 898.7 1,359.4 COMMITMENTS 496.9 1,077.5 275.1 489.0 657.3 414.0 1,235.7 1,834.1 Official Creditors 290.9 973.1 223.7 470.3 657.3 411.7 570 3 1,292.0 Multilateral 75.0 256.5 153.0 343.5 522.0 284.0 211.0 442.0 IBRO 75.0 256.5 153.0 315.0 490.0 284.0 211.0 442.0 IDA - - - - - - - - Bilateral 215.9 716.6 70.7 126.8 135.3 127.7 359.3 850.0 Private Creditors 206.1 104.4 51.4 18.7 - 2.3 665.4 542.1 Suppliers 39.9 0.6 - 0.5 - - - - Financial Markets 166.2 103.8 51.4 18.2 - 2.3 665.4 542.1 DISBURSEMENTS 424.4 448.9 583.5 428.6 399.5 562.0 1,345.5 1,180.6 Official Creditors 260.3 394.0 517.3 369.9 369.1 514.7 676.2 636.7 Multilateral 52.5 89.6 118.6 133.3 180.4 317.9 308.1 218.2 IBRD 52.5 89.6 118.6 133.3 180.4 294.1 281.4 218.2 IDA - - - - - - - - Bilateral 207.8 304.4 398.7 236.6 188.7 196.9 368.1 418.5 Private Creditors 164.2 54.9 66.2 58.7 30.3 47.2 669.4 543.9 Suppliers 32.8 3.1 - 1.7 - - - - Financial Markets 131.4 51.8 66.2 57.0 30.3 47.2 669.4 543.9 PRINCIPAL REPAYMENTS 154.3 288.8 161.9 223.8 200.1 348.6 367.1 372.8 Official Creditors 104.2 161.5 107.0 125.9 145.0 258.5 271.3 288.9 Multilateral 14.0 17.9 23.8 31.4 42.3 50.0 66.6 94.7 IBRD 13.0 16.7 22.6 30.3 41.0 48.7 65.6 94.3 IDA - - - - - - - - Bilateral 90.2 143.6 83.2 94.5 102.7 208.5 204.7 194.1 Private Creditors 50.2 127.3 54.9 97.9 65.1 90.1 95.8 83.9 Suppliers 42.8 32.7 20.5 14.9 9.1 6.7 8.1 6.7 Financial Markets 6.2 93.9 34.4 83.0 46.0 83.4 67.6 77.3 NET FLOWS 270.1 160.1 421.6 204.8 199.4 213.4 978.5 807.8 Official Creditors 156.1 232.5 410.3 244.0 224.2 256.3 404.9 347.8 Multilateral 38.6 71.7 94.8 101.9 138.2 267.9 241.6 123.4 IBRD 39.5 72.9 96.0 103.0 139.4 245.4 215.9 123.9 IDA - - - - - - - Bilateral 117.6 160.8 315.5 142.1 86.0 -11.6 163.3 224.4 Private Creditors 114.0 -72.4 11.3 -39.2 -24.8 -42.9 573.6 460.0 Suppliers -10.0 -29.6 -20.5 -13.2 -9.1 -6.7 -8.1 -6.7 Financial Markets 125.1 -42.1 31.8 -26.1 -15.7 -36.2 581.7 466.6 INTEREST PAYMENTS(INT) 63.2 105.2 142.4 167.0 202.1 221.3 247.8 435.3 Official Creditors 40.3 67.8 110.6 135.5 168.1 185.9 213.6 264.2 Multilateral 19.3 27.9 46.0 55.7 74.8 93.9 111.3 112.3 IBRD 18.9 27.6 45.6 55.4 74.5 93.3 109.5 110.1 IDA - - - - - - - Bilateral 20.9 39.8 64.7 79.8 93.3 92.0 102.3 151.8 Private Creditors 23.0 37.5 31.7 31.6 34.0 35.4 34.2 171.1 Suppliers 9.9 7.9 5.9 4.4 2.5 2.4 1.9 0.9 Financial Markets 13.0 29.5 25.8 27.1 31.5 33.0 32.3 170.2 285 YUGOSLAVIA' (U5S$ Mi '1ions) 1972 1974 1976 1977 1978 1979 1980 1981 NET TRANSFERS 206.9 54.8 279.2 37.7 -2.7 -7.9 730.6 372.5 Official Creditors 115.9 164.7 299.6 108.5 56., 70.4 191.2 83.6 Multilateral 19.2 43.8 48.8 46.2 63.4 174.0 130.2 11.1 IBRD 20.7 45.3 50.4 47.5 64.9 152.1 106.4 13.8 IDA - - - - - - - - Bilateral 96.6 120.9 250.3 62.3 -7.3 -103.6 61.0 72.5 Private Creditors 91.1 -109.9 -20.4 -70.8 -58.8 -78.3 539.4 288.9 Suppliers -19.9 -37.6 -26.4 -17.6 -11.6 -9.1 -10.0 -7.6 Financial Markets 112.1 -71.6 6.0 -53.2 -47.2 -69.2 549.4 296.4 TOTAL DEBT SERVICE(TDS) 217.5 394.0 304.3 390.8 402.2 569.9 614.9 808.1 Official Creditors 144.4 229.3 217.7 261.4 313.1 444.4 484.9 553.1 Multilateral 33.3 45.8 69.7 87.1 117.0 143.9 177.9 207.1 IBRD 31.9 44.3 68.2 85.6 115.5 142.0 175.0 204.4 IDA - - - - - - - - Bilateral 111.1 183.4 147.9 174.3 196.0 300.5 307.0 346.0 Private Creditors 73.1 164.8 86.6 129.5 89.1 125.5 130.0 255.0 Suppliers 52.7 40.7 26.4 19.3 11.6 9.1 10.0 7.6 Financial Markets 19.3 123.4 60.2 110.1 77.6 116.4 120.0 247.5 AVERAGE TERMS: PUBLIC DEBT NEW COMMITMENTS ALL CREDITORS Interest (%) 6.7 6.4 7.4 7.3 6.8 5.8 14.3 13.1 Maturity (years) 12.0 19.7 17.5 15.2 15.9 16.6 9.7 11.3 Grace Period (years) 3.5 5.9 3.7 3.4 3.5 3.2 3.2 4.0 Grant Element (%) 15.4 26.2 15.1 14.7 18.0 24.4 -15.9 -8.8 OFFICIAL CREDITORS Interest (%) 6.3 6.0 7.0 7.2 6.8 5.8 10.5 10.9 Maturity (years) 13.1 20.9 19.7 15.5 15.9 16.7 12.9 13.1 Grace Period (years) 3.7 6.2 3.8 3.3 3.5 3.2 3.3 4.3 Grant Element (%) 17.8 29.1 18.0 15.0 18.0 24.5 0.6 1.5 PRIVATE CREDITORS Interest (%' 7.3 10.6 9.3 8.6 - 8.7 17.7 18.4 Maturity (years) 10.4 8.5 8.0 10.1 - 8.9 6.9 7.0 Grace Period (years) 3.2 3.2 3.3 6.9 - 1.9 3.0 3.0 Grant Element (%) 12.0 -0.6 2.5 6.7 - 5.0 -30.1 -33.4 MAJOR ECONOMIC AGGREGATES (U.S. $ MILLIONS) Gross Nat. Product (GNP) 15,745 26,790 37,239 45,658 54,704 67,377 68,508 68,287 Exports of G. & S. (XGS) 4,232 7,189 8,812 10.049 11,501 13.618 17,707 Imports of G. & S. (MGS) 3,961 8.406 8,933 11,692 13.093 17,597 20.245 Intl. Reserves (RES) 772 1,359 2,187 2,294 2,757 2,138 2,478 2,335 PRINCIPAL RATIOS DOD,'XGS (%) 38.1 29.1 31.7 30.7 29.6 26.9 25.7 DOD/GNP (%) 10.2 7.8 7.5 6.8 6.2 5.4 6.6 7.7 TDS/XGS % 5.1 5.5 3.5 3.9 3.5 4.2 3.5 TDS/GNP % 1.4 1.5 0.8 0.9 0.7 0.8 0.9 1.2 INT/XGS %i 1.5 1.5 1.6 1.7 1.8 1.6 1.4 INT/GNP % 0.4 0.4 0.4 0.4 0.4 0.3 0.4 0.6 RES/DOD % 47.9 65.0 78.4 74.4 80.9 58.4 54.4 44.3 RES/MGS (months) 2.3 1.9 2.9 2.4 2.5 1.5 1.5 MEMORANDA Proportion of Disbursed Debt Concessional Loans (,I) 28.1 32.5 31.3 33.3 35.1 35.5 27.7 21.4 Var. Int. Rate Loans (%) 6.8 8.7 8.3 8.3 7.5 5.3 23.6 37.6 Use of IMF Credit(US$ mil) 90.7. 170.2 370.6 258.7 237.8 455.8 760.3 1,251.8 1982 1983 1984 1985 1986 1987 1988 1989 PROJECTED PUBLIC DEBT SERVICE TOTAL DEBT SERVICE 882.7 986.1 1,170.1 1,179.6 1,094.0 1,020.1 812.7 515.1 Principal 373.7 474.1 689.9 771.8 766.4 765.5 625.6 379.1 Interest 509.0 512.0 480.1 407.8 327.6 254.7 157.1 136.0 OFFICIAL CREDITORS 616.6 667.8 723.9 755.2 717.7 721.7 701.4 513.4 Principal 304.7 359.6 427.0 485.6 482.2 514.3 525.7 377.4 Interest 311.8 308.2 296.8 269.6 235.5 207.5 175.7 136.0 PRIVATE CREDITORS 266.1 318.3 446.2 424.4 376.3 298.4 111.2 1.7 Principal 69.0 114.4 262.9 286.1 284.2 251.2 99.8 1.7 Interest 197.1 203.9 183.3 138.2 92.1 47.2 11.4 0.1 286 YUGOSLAVIA' (US$ Millions) 1972 1974 1976 1977 1978 1979 1980 1981 PRiVATE NON-GUARANTEED DEBT DEBT OUTS.DISB. ONLY 1,825.3 2,833.2 4,379.8 5,870.6 7,706.8 10,056.3 10,893.7 10,876.1 Official Sources .. .. .. .. Private Sources Foreign Parent Coop. - Financial Institutions . . Suppliers DISBURSEMENTS 1,055.3 1,108.1 1,863.4 2,494.5 2,650.2 3,326.5 3,223.1 2,002.8 Official Sources .. .. .. .. .. . Private Sources . . Foreign Parent Comp. . . - Financial Institutions .. .. - Suppliers .. .. - PRINCIPAL REPAYMENTS 556.0 681.9 978.2 1,003.8 1,106.9 1,888.7 2,012.4 1,488.3 Official Sources Private Sources . Foreign Parent Comp. .. .. .. - Financial Institutions .. .. .. - Suppliers .. .. . .. . NET FLOWS 489.3 425.2 887.2 1,490.7 1,553.3 1,437.8 1,210.7 514.5 Official Sources .. .. .. .. .. Private Sources . . Foreign Parent Comp. . - Financial Institutions .. .. - Suppliers .. .. . INTEREST PAYMENTS 72.2 140.7 158.5 199.5 375.6 595.8 828.5 1,033.7 Official Sources . Private Sources . Foreign Parent Comp. .. .. .. .. .. . Financial Institutions - Suppliers NET TRANSFERS 417.1 285.5 728.7 1,291.2 1,177.7 842.0 382.2 -519.2 Official Sources .. .. .. .. .. Private Sources .. .. .. .. .. Foreign Parent Comp. .. .. .. ....- Financial Institutions .. .. .. .. Suppliers .. .. .. .. TOTAL DEBT SERVICE 638.2 822.6 1,134.7 1,203.3 1,482.5 2,484.5 2,840.9 2,522.0 Official Sources . Private Sources Foreign Parent Comp. .. .. - Financial Institutions .. .. - Suppliers .. .. .. .. . . 1982 1983 1984 1985 1986 1987 1988 1989 PROJECTED NON-GUARANTEED DEBT SERVICE TOTAL DEBT SERVICE 3,413.9 2,903.9 2,894.8 2,653.7 .. .. Principal 2,328.0 1,915.9 1,981.7 1,878.3 .. . . ... Interest 1,085.9 988.0 913.1 775.4 .. .. . 287 YUGOSLAVIA (VIS$ Mi 1! ions ) 1972 1974 1976 1977 1978 1979 1980 1981 PUBLIC AND PRIVATE DEBT DEBT OUTS.DISB. ONLY 3,437.7 4,923.7 7,169.7 8,954.5 11,115.3 13,716.7 15,444.8 16,142.1 DISBURSEMENTS 1,479.7 1,557.0 2,446.9 2,923.1 3,059.7 3,888.5 4,568.6 3,183.4 PRINCIPAL REPAYMENTS 720.3 970.7 1,138.1 1,227.6 1,307.0 2,237.3 2,379.5 1,861.1 NET FLOWS 759.4 586.3 1,308.8 1,895.5 1,752.7 1,651.2 2,189.2 1,322.3 INTEREST PAYMENTS 135.4 245.9 300.9 366.5 577.7 817.1 1,076.3 1,469.0 NET TRANSFERS 624.0 340.3 1,007.9 1.328.9 1,175.0 834.1 1,112.8 -146.7 TOTAL DEBT SERVICE 855.7 1,216.8 1,439.0 1,594.1 1,884.7 3,054.4 3,455.8 3,330.1 1982 1983 1984 1985 1986 1987 1988 1989 PROJECTED PUBLIC AND PRIVATE DEBT SERVICE TOTAL DEBT SERVICE 4,296.6 3,890.0 4,064.9 3,833.3 .. .. PRINCIPAL 2,701.7 2,390.0 2,671.6 2,650.1 .. .. INTEREST 1,594.9 1,500.0 1,393.2 1,183.2 .. .. Footnotes to Tables a. Excludes Afghanistan, Iran, and Iraq. f. Year-to-year changes in GNP, denominated in current U.S. dol- lars, reflect not only nominal changes in GNP, but also changes in the b. Export and import figures for 1980 were estimated to derive the official exchange rate between the domestic currency and the U.S. principal ratios, dollar. g. Estimates for 1981 exclude bilateral obligations under renegotia- c. The decline in private nonguaranteed debt from 1979 to 1980 tion, the status of which was unknown. represents a transfer of liabilities from the private to the public sector. h. The decline in public debt outstanding, including undisbursed, from 1980 to 1981 reflects a cancellation of $520 million in obligations d. Includes the public and publicly guaranteed debt plus estimates to financial markets. of private nonguaranteed debt of 13 countries with disbursed and outstanding debt estimated at more than $12 billion in 1981. Major i. Excludes Iran and Iraq. borrowers are: Algeria, Argentina, Brazil, Chile, Egypt, India, In- j. Excludes Afghanistan. donesia, Israel, Korea, Mexico, Turkey, Venezuela, and Yugoslavia. k. Data from 1975 onward relate to the government-controlled e. Because of special monetary arrangements, peculiar to countries area. such as this, the debt-service ratio must be regarded with more than l. The bulk of the debt of Yugoslavian enterprises is reported as usual caution in considering the country's external financial situation. nonguaranteed. 289 Index of Reporters Afghanistan 244 El Salvador 178 Madagascar 66 Singapore 134 Algeria 216 Ethiopia 48 Malawi 68 Solomon Islands 136 Argentina 148 Fiji 116 Malaysia 126 Somalia 92 Bahamas 152 Maldives 254 Sri Lanka 262 Bangladesh 246 Gabon 50 Mali 70 Sudan 94 Barbados 154 Gambia, The 52 Malta 276 Swaziland 96 Bdenin, People's Republic Ghana 54 Mauritania 72 Syrian Arab Republic 232 of P R Greece 272 Mauritius 74 Tanzania Bolivia 156 Guatemala 180 Mexico 192 Thailand 138 Botswana 32 Gmnea 56 Morocco 228 Togo 100 Brazil 158 Guyana 182 Nepal 256 Trinidad and Tobago 204 Burma 248 Haiti 184 Nicaragua 194 Tunisia 234 Burundi 34 Honduras 186 Niger 78 Turkey 280 Cameroon 36 Hong Kong 118 Nigeria 80 Uganda 102 Central African Republic 38 India 250 Oman 230 Upper Volta 104 Chad 40 Indonesia 120 Uruguay 206 Chile 162 Iran 220 Pakistan 258 Colombia 166 Iraq 222 Panama 196 Venezuela 210 Comoros 42 Israel 274 Papua New Guinea 128 Western Samoa 142 Congo, People's Rep. of Ivory Coast 58 Paraguay 198 the A APeru 202 Yemen Arab Republic 236 sth Ri44 Jamaica 190 Philippines 130 Yemen, People's Costa Rica 170 Jordan 224 Portugal 278 Democratic Republic of 238 Cyprus 270 Kenya 60 Rwanda 82 Yugoslavia 284 Djibouti 46 Korea, Republic of 122 Zaire 106 Dominican Republic 172 ' Senegal 84 Zambia 108 Ecuador 176 Lebanon 226 Seychelles 88 Zimbabwe 110 Ecuador 176 ~~~~Lesotho 62 Sierra Leone 90 Egypt, Arab Republic of 218 Liberia 64 291 PHD HJ 8011 .W92 1982/83 World Bank -WORLD DEBT TABLES. _f f X,i/' ;? / '2 'el / ~~~~~~~~~~~~/ :~~~~~~~~, :, - I-~~~~~~~~~~~~~ I I< O/I * OA " _ . _~~'10 The World Bank Headquarters: European Office: Tokyo Office: 1818 H Street, N.W. 66, avenue dMena Kokusai Building H Washington, D.C. 20433, U.S.A. 75116 Paris, France 1-1, Marunouchi 3-chome Telephone: (202) 477-1234 Telephone: 723.54.21 Chiyoda-ku, Tokyo 100, Japan Telex: RCA 248423 WORLDBK Telex: 842-620628 Telephone: 214-5001 WUI 64145 WORLDBANK Telex: 781-26838 Cable address: INTBAFRAD WASHINGTONDC