T H E W O R L D B A N K Global 44981 v 2 Development Finance The Role of International Banking I I : S U M M A R Y A N D C O U N T R Y T A B L E S 2008 Global Development Finance The Role of International Banking gdf_v2_00i-032.qxd 6/3/08 3:21 PM Page ii gdf_v2_00i-032.qxd 6/3/08 3:21 PM Page iii Global Development Finance I I : S U M M A R Y A N D C O U N T R Y T A B L E S 2008 T H E W O R L D B A N K gdf_v2_00i-032.qxd 6/3/08 3:21 PM Page iv © 2008 The International Bank for Reconstruction and Development/The World Bank 1818 H Street, NW Washington, DC 20433 Telephone 202-473-1000 Internet www.worldbank.org E-mail feedback@worldbank.org All rights reserved 1 2 3 4 11 10 09 08 This volume is a product of the staff of the World Bank. The findings, interpretations, and conclusions expressed herein do not necessarily reflect the views of the Board of Executive Directors of the World Bank or the governments they represent. 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All other queries on rights and licenses, including subsidiary rights, should be addressed to the Office of the Publisher, World Bank, 1818 H Street NW, Washington, DC 20433, USA; fax: 202-522-2422; e-mail: pubrights@worldbank.org. Cover art: Charles Arnoldi, "Jumbo" 2000 (detail). Cover design: Drew Fasick. ISBN-13: 978-0-8213­7390­3 eISBN-13: 978-0-8213­7391­0 ISSN 1020-5454 DOI: 10.1596/ 978-0-8213­7390­3 gdf_v2_00i-032.qxd 6/4/08 10:23 AM Page v Table of Contents Preface vii Burundi 84 Cambodia 87 Acknowledgments ix Cameroon 90 Cape Verde 93 About the data xi Central African Republic 96 Methodology xi Chad 99 Metadata xiv Chile 102 Country notes xx China 105 Sources xx Colombia 108 Symbols xxi Comoros 111 Congo, Democratic Republic of 114 Abbreviations xxiii Congo, Republic of 117 Costa Rica 120 Country groups xxv Côte d'Ivoire 123 Summary table xxvii Croatia 126 Djibouti 129 Regional and income group Dominica 132 aggregate tables 1 Dominican Republic 135 Ecuador 138 Country tables 29 Egypt, Arab Republic of 141 Afghanistan 30 El Salvador 144 Albania 33 Equatorial Guinea 147 Algeria 36 Eritrea 150 Angola 39 Ethiopia 153 Argentina 42 Fiji 156 Armenia 45 Gabon 159 Azerbaijan 48 Gambia, The 162 Bangladesh 51 Georgia 165 Belarus 54 Ghana 168 Belize 57 Grenada 171 Benin 60 Guatemala 174 Bhutan 63 Guinea 177 Bolivia 66 Guinea-Bissau 180 Bosnia and Herzegovina 69 Guyana 183 Botswana 72 Haiti 186 Brazil 75 Honduras 189 Bulgaria 78 Hungary 192 Burkina Faso 81 India 195 v gdf_v2_00i-032.qxd 6/3/08 3:21 PM Page vi G L O B A L D E V E L O P M E N T F I N A N C E 2 0 0 8 Indonesia 198 Poland 315 Iran, Islamic Republic of 201 Romania 318 Jamaica 204 Russian Federation 321 Jordan 207 Rwanda 324 Kazakhstan 210 Samoa 327 Kenya 213 São Tomé and Principe 330 Kyrgyz Republic 216 Senegal 333 Lao People's Democratic Republic 219 Serbia 336 Latvia 222 Seychelles 339 Lebanon 225 Sierra Leone 342 Lesotho 228 Slovak Republic 345 Liberia 231 Solomon Islands 348 Lithuania 234 Somalia 351 Macedonia, FYR 237 South Africa 354 Madagascar 240 Sri Lanka 357 Malawi 243 St. Kitts and Nevis 360 Malaysia 246 St. Lucia 363 Maldives 249 St. Vincent and the Grenadines 366 Mali 252 Sudan 369 Mauritania 255 Swaziland 372 Mauritius 258 Syrian Arab Republic 375 Mexico 261 Tajikistan 378 Moldova 264 Tanzania 381 Mongolia 267 Thailand 384 Montenegro 270 Togo 387 Morocco 273 Tonga 390 Mozambique 276 Tunisia 393 Myanmar 279 Turkey 396 Nepal 282 Turkmenistan 399 Nicaragua 285 Uganda 402 Niger 288 Ukraine 405 Nigeria 291 Uruguay 408 Oman 294 Uzbekistan 411 Pakistan 297 Vanuatu 414 Panama 300 Venezuela, República Bolivariana de 417 Papua New Guinea 302 Vietnam 420 Paraguay 306 Yemen, Republic of 423 Peru 309 Zambia 426 Philippines 312 Zimbabwe 429 vi gdf_v2_00i-032.qxd 6/3/08 3:21 PM Page vii . Preface G lobalDevelopmentFinance2008:Summary GDF. Text providing country notes, definitions, and Country Tables is part of a two-volume and source notes is linked to each table. The general annual publication. Volume I: Review, cutoff date for data is December 2007. Analysis, and Outlook contains analysis and com- This database is also available online (GDF mentary on recent developments in international Online) through the website of the World Bank. finance for developing countries. Volume II: Sum- The database covers external debt stocks and mary and Country Tables (GDF) contains statistical flows, major economic aggregates, and key debt ra- tables on the external debt of the 134 countries that tios, as well as average terms of new commitments, report public and publicly guaranteed debt under currency composition of long-term debt, debt re- the Debtor Reporting System (DRS). It also includes structuring, and scheduled debt service projections tables of selected debt and resource flow statistics for all countries reporting through the DRS. for individual reporting countries as well as sum- The economic aggregates presented in the tables mary tables for regional and income groups. It is the are prepared for the convenience of users. Although culmination of a year-long process that requires ex- debt indicators can give useful information about tensive cooperation from people and organizations developments in a debt-servicing capacity, conclu- around the globe--national central banks, min- sions drawn from them will not be valid unless istries of finance, major multilateral organizations, accompanied by careful economic evaluation. and many departments of the World Bank. The macroeconomic information provided is The Little Data Book on External Debt 2008 from standard sources, but many of them are sub- provides a quick reference to the data from the ject to considerable margins of error. The usual GDF. care must be taken in interpreting the indicators, Global Development Finance 2008 on CD- particularly for the most recent year or two, since ROM contains a database of 215 time series indi- figures are preliminary and subject to revision. cators, covering the years 1970 to 2006 in most cases, and to 2014 for "pipeline" data. It also con- Shaida Badiee tains the full contents of the print version of the Director, Development Data Group vii gdf_v2_00i-032.qxd 6/3/08 3:21 PM Page viii gdf_v2_00i-032.qxd 6/3/08 3:21 PM Page ix Acknowledgments T his volume was prepared by the Financial the International Finance Team of the Develop- Data Team of the Development Data ment Prospects Group (DECPG), the staff of the Group, led by Ibrahim Levent. The team Economic Policy and Debt Department (PRMED), consists of Laila Adair, Nanasamudd Chhim, and the country economists who reviewed the Nevin Fahmy, Shelley Fu, Nino Kostava, Gloria data. The work was carried out under the manage- Moreno, Yasue Sakuramoto and Alagiri Venkatesan. ment of Shaida Badiee. The team was assisted by Awatif H. Abuzeid and The production of this volume was managed Rosario Alipio. The system support team was led by Richard Fix, with assistance of Azita Amjadi by Abdolreza Farivari; Soong Sup Lee provided and Beatriz Prieto Oramas. The CD-ROM and the macroeconomic data, and K. M. Vijayalakshmi online database were prepared by Buyant Erdene provided worker remittances and compensation of Khaltarkhuu and William Prince. Staff from Exter- employee data. Many others inside the World nal Affairs coordinated the publication and dis- Bank provided helpful input, especially the staff of semination of the book. ix gdf_v2_00i-032.qxd 6/3/08 3:21 PM Page x gdf_v2_00i-032.qxd 6/4/08 10:23 AM Page xi . About the data Methodology the year; cancellations and reschedulings of other T he World Bank is the sole repository for statis- liabilities into long-term public debt also con- tics on the external debt of developing tribute to the differences. countries on a loan-by-loan basis. The Debtor Re- porting System (DRS), set up in 1951 to monitor Exchange rates Data received by the World Bank these statistics, is maintained by the staff of the Fi- from its members and major multilateral agencies nancial Data Team (FIN), part of the Development are expressed in the currencies in which the debts Data Group of Development Economics. are repayable or in which the transactions took place. For aggregation, the Bank converts these Methodology for aggregating data amounts to U.S. dollars using the IMF par values The DRS data are used in combination with infor- or central rates, or the current market rates where mation obtained from creditors through the debt appropriate. Service payments, commitments, and data collection systems of other agencies. The staff disbursements (flows) are converted to U.S. dollars of the Financial Data Team calculates the total ex- at the average rate for the year. Debt outstanding ternal indebtedness of developing countries. The and disbursed at the end of a given year (a stock) data are also supplemented by market sources and is converted at the rate in effect at the end of that estimates made by World Bank staff. The current year. Projected debt service, however, is converted account balance data are taken from the Balance of to U.S. dollars at rates in effect at end-December Payments (BOP) database of the International 2006. Debt repayable in multiple currencies, Monetary Fund (IMF), which is the standard pre- goods, or services, and debt with a provision for sentation of the BOP yearbook and may produce maintenance of value of the currency of repayment, regional and other aggregates that are different are shown at book value. from those presented in GDF, volume I. Beginning with 1991, all ruble debt owed to the former Soviet Union is converted at a rate of Converting to a common currency Since debt US$1 0.6 ruble, except in cases where a bilateral data are normally reported to the World Bank in agreement specifying a different conversion rate is the currency of repayment, they have to be con- in place. This valuation method does not consti- verted into a common currency (usually U.S. dol- tute an endorsement by World Bank staff of the lars) to produce summary tables. Because flow appropriateness or validity of this method or the data are converted at annual average exchange exchange rate used. The appropriate valuation is a rates and stock data at year-end exchange rates, matter to be resolved bilaterally between the Russ- year-to-year changes in debt outstanding and dis- ian Federation and its debtor countries. bursed are sometimes not equal to net flows (dis- bursements less principal repayments); similarly, Adjustments Year-to-year changes in debt out- changes in debt outstanding (including undis- standing and disbursed are sometimes not equal to bursed debt) differ from commitments less repay- net flows; similarly, changes in debt outstanding, ments. Discrepancies are particularly significant including undisbursed, differ from commitments when exchange rates have moved sharply during less repayments. The reasons for these differences xi gdf_v2_00i-032.qxd 6/3/08 3:21 PM Page xii G L O B A L D E V E L O P M E N T F I N A N C E 2 0 0 8 are cancellations, adjustments caused by the use of This edition includes data on private non- different exchange rates, and the rescheduling of guaranteed debt, either as reported or as estimated, other liabilities into long-term public debt. for countries for which this type of debt is known to be significant. For private nonguaranteed debt Public and publicly guaranteed debt All data re- that is not reported, the standard estimation lated to public and publicly guaranteed debt are approach starts from a calculation of the stock provided on a loan-by-loan basis by debtors, ex- of debt outstanding, using data available from cept for lending by some multilateral agencies, creditors. in which case data are taken from the creditors' Amortization is estimated by making an as- records. These creditors include the African Devel- sumption regarding the proportion of debt repaid opment Bank, the Asian Development Bank, the each year and then applying these ratios to gener- Inter-American Development Bank, and the Inter- ate a first approximation of annual principal re- national Bank for Reconstruction and Develop- payments. Disbursements are then estimated as a ment (IBRD) and the International Development residual between net flows (equal to the change in Association (IDA). (The IBRD and IDA are com- the stock of debt, adjusted by the effect of the ponents of the World Bank.) Reports contain an- currency composition of the public debt) and esti- nual stocks and flows information as well as terms mated amortization. Interest payments are esti- and conditions of individual loans contracted. mated by applying an assumed average interest Starting with the 1988­89 edition of World rate to the stock of debt outstanding. Debt Tables (the previous title of this book), all Data on the balance of payments flows provide useful guidelines for building a time series, data pertaining to World Bank loans from 1985 because private nonguaranteed debt can be treated onward are recorded at their current market value. as a residual between total net long-term borrow- Starting with the 1991­92 edition, all data per- ing and net long-term borrowing recorded in the taining to Asian Development Bank loans from DRS for public and publicly guaranteed debt. 1989 onward are recorded at their current market value. Starting with the 1998 edition, all data per- Short-term debt taining to African Development Bank and African The World Bank regards the individual reporting Development Fund loans from 1997 onward are country as the authoritative source of information recorded at their current market value as well. on its own external liabilities. But for short-term debt, defined as debt with an original maturity of Private nonguaranteed debt The DRS was one year or less, accurate information is not expanded in 1970 to incorporate private nonguar- widely available from debtors. By its nature, short- anteed long-term debt. Reports, submitted annu- term debt is difficult to monitor; loan-by-loan ally, contain aggregate data for disbursed and registration is normally impractical, and most re- outstanding debt, disbursements, principal repay- porting arrangements involve periodic returns to a ments, interest payments, principal and interest country's central bank from its banking sector. rescheduled for the reporting year, and projected Since 1982 the quality of such reporting has im- payments of principal and interest. Data are usu- proved, but only a few developing countries have ally presented in dollars, and currency conversion figures available for short-term debt. is not necessary. Where information from debtors is not avail- Although the reporting countries fully recog- able, data from creditors can indicate the magni- nize the importance of collecting data on private tude of a country's short-term debt. The most nonguaranteed debt when it constitutes a signifi- important source is the BIS quarterly series show- cant portion of total external debt, detailed data ing the maturity distribution of commercial banks' are available only in countries that have registra- claims on developing countries. Those data are tion requirements covering private debt, most reported residually. However, an estimate of short- commonly in connection with exchange controls. term liabilities by original maturity can be calcu- Where formal registration of foreign borrowing is lated by deducting from claims due in one year not mandatory, compilers must rely on balance of those that had a maturity of between one and two payments data and financial surveys. years 12 months earlier. xii gdf_v2_00i-032.qxd 6/3/08 3:21 PM Page xiii A B O U T T H E D A T A There are several problems with this method. amount of interest capitalized will be added to the Valuation adjustments caused by exchange rate amount of long-term debt outstanding and the movements will affect the calculations, as will pre- corresponding deduction made from the amount payment and refinancing of long-term maturities of short-term debt outstanding. falling due. Moreover, not all countries' commer- cial banks report in a way that allows the full ma- Treatment of debt restructurings turity distribution to be determined, and the BIS The DRS attempts to capture accurately the effects data include liabilities only to banks within the of the different kinds of restructurings on both reporting area. Even on this basis, however, the debt stocks and debt flows, consistent with the cir- results need to be interpreted with caution. Where cumstances under which the restructuring takes short-term debt has been rescheduled, the effect of place. Whether a flow has taken place is sometimes lags in reporting and differences in the treatment difficult to determine. of the rescheduled debt by debtors and creditors In compiling and presenting the debt data, a may result in double counting if short-term debt distinction is made between cash flows and im- derived from creditor sources is added to long- puted flows. Based on this criterion, rescheduled term debt reported by the country to obtain total service payments and the shift in liabilities from external liabilities. one financial instrument to another as a result of Some of the short-term debt estimates pub- rescheduling are considered to be imputed flows. lished are drawn from debtor and creditor sources, The imputed flows are recorded separately in but most are from creditor sources. Only for a few the World Bank External Debt (WBXD) system, countries can the data be regarded as authorita- but these debt restructuring transactions are not tive, but they offer a guide to the size of a coun- evident in the main body of the debt data--only try's short-term (and, hence, its total) external the resulting effect of these transactions is re- debt. Interest in arrears on long-term debt and the flected. use of IMF credit are added to the short-term debt. Changes in creditor and debtor status that can result from debt restructuring are also reflected. Use of IMF credit For example, when insured commercial credits are Data related to the operations of the IMF come rescheduled, the creditor classification shifts from from the IMF Treasurer's Department and are con- private sources to official sources (bilateral). This verted from special drawing rights (SDRs) into reflects the assumption of the assets by the official dollars using end-of-period exchange rates for credit insurance agencies of the creditor countries. stocks and average over the period exchange rates The debts to the original creditors are reduced for converting flows, as described earlier. IMF by the amounts rescheduled, and a new obligation trust fund (TF) and operations under the enhanced to the official creditor agencies is created. This structural adjustment (ESAF renamed in 1999), shift also applies to private nonguaranteed debt poverty reduction and growth facility (PRGF), and that is reduced by the amounts rescheduled, which structural adjustment facility (SAF) are presented in turn are included in the public and publicly together with all of the Fund's special facilities guaranteed debt owed to official creditors. On the (buffer stock, extended fund (EFF), supplemental debtor side, when a government accepts responsi- reserve (SRF), compensatory and contingency, oil bility for the payment of rescheduled debt facilities, and other facilities). previously owed by private enterprises, the DRS registers a change in debtor categories in the DRS. Treatment of arrears Similarly, when short-term debt is included in a re- The DRS collects information on arrears in both structuring agreement, the rescheduled amount is principal and interest. Principal in arrears is in- shifted from short-term to long-term debt. cluded and identified in the amount of long-term debt outstanding. Interest in arrears of long-term debt and the use of IMF credit is included and Methodology for projecting data identified in the amount of short-term debt out- The WBXD system of the DRS projects future dis- standing. If and when interest in arrears is capital- bursements of unutilized commitments and future ized under a debt reorganization agreement, the debt service payments. xiii gdf_v2_00i-032.qxd 6/3/08 3:21 PM Page xiv G L O B A L D E V E L O P M E N T F I N A N C E 2 0 0 8 Future disbursements Future debt service payments Projections of disbursements help underpin future Most projections of future debt service payments capital requirements in the implementation of ex- generated by the WBXD system are based on the ternally financed projects. In addition, they help repayment terms of the loans. Principal repay- determine the interest portion of projected debt ments (amortization) are based on the amount of service. Future interest payments are based on pro- loan commitments, and the amortization profile jected debt outstanding, which is itself determined of most loans follows a set pattern. Using the by projected disbursements and repayments. The first and final payment dates and the frequency underlying assumptions of these projections are of the payments, the system calculates the stream that loan commitments will be fully utilized and of principal payments due. If future payments that the debtor country will repay all sums due. are irregular, the WBXD system requires a Future disbursements and debt service refer only schedule. to existing debt and do not reflect any assump- Projected future interest payments are calcu- tions on future borrowing. lated similarly. Interest is based on the amount of debt disbursed and outstanding at the beginning of Disbursement projections use two methods: the period. Again, using the first and final interest payment dates and the frequency of payments, the · Specific schedules. Debtor countries are re- system calculates the stream of interest payments quested to submit a calendar of future disburse- due. If interest payments are irregular, the WBXD ments, if available, at the time individual loans are system requires a schedule. first reported. Country authorities are in a better The published figures for projected debt ser- position to provide estimated disbursement sched- vice obligations are converted into U.S. dollars ules when there is a solid public sector investment using the end-December 2006 exchange rates. program in place. Likewise, the projection routine for variable inter- · Standard schedules. In the absence of specific est rate debt, such as commercial bank debt based schedules, the WBXD system projects disburse- on the London interbank offer rate (LIBOR), ments by applying a set of profiles to the last ac- assumes that the rate prevailing at the end of tual undisbursed balance of individual loans. December 2006 will be effective throughout. The profiles are derived under the assumption that specific sources of funds have some common char- acteristics that cause them to disburse, in the ag- Metadata S gregate, in some observable pattern. Accordingly, ummary tables present selected debt and re- some thirty profiles have been derived that source flow statistics for the individual report- roughly correspond to creditor type. Profiles exist ing countries and external debt data for regional for concessional and nonconcessional loans from and income groups. For the 134 individual coun- official creditors. For bilateral lending, profiles tries that report to the World Bank's DRS, tables have been developed for the Development Assis- are presented in a three-page layout containing 10 tance Committee (DAC), the Organization of sections. The format of the regional and income Petroleum Exporting Countries (OPEC), and other group tables draws on the individual country table creditor groupings. For multilateral lending, specific format and includes graphic presentations. As in profiles are available for major international orga- the past, the database feeding the print edition nizations. An estimating equation for each profile is continues to maintain all the derived indicator derived by applying regression analysis techniques information. to a body of data that contains actual disbursement For all regional, income, and individual coun- information for each loan. Although these standard try tables, data definitions are presented on the profiles are reestimated from time to time, under following pages or footnoted where appropriate. the best scenario they can only approximate the dis- Data definitions for other tables are consistent bursement pattern of any single loan. with these. xiv gdf_v2_00i-032.qxd 6/3/08 3:21 PM Page xv A B O U T T H E D A T A 1. Summary debt data summarizes the stocks and depending on toward which flow the interest flows of the major components of the external payments took place. It will be recorded as (1) a debt of the country. reduction of short-term debt; (2) a net change in interest arrears (CD-ROM only). Similarly, the re- TOTAL DEBT STOCKS (EDT) consist of public duction of interest arrears through interest arrears and publicly guaranteed long-term debt, private restructured and interest arrears forgiven will also nonguaranteed long-term debt, the use of IMF be recorded as a reduction of short-term debt and credit, and short-term debt. Interest in arrears on as a net change in interest arrears (CD-ROM only). long-term debt and the use of IMF credit are In addition, interest arrears restructuring and added to the short-term debt and are shown as interest restructuring will be recorded as interest separate lines. Arrears of principal and of interest capitalization (CD-ROM only). have been disaggregated to show the arrears owed Principal in arrears on long-term debt is de- to official creditors and the arrears owed to pri- fined as principal repayment due but not paid, on vate creditors. Principal in arrears on long-term a cumulative basis. debt are shown as memorandum items. The rela- Use of IMF credit denotes repurchase obliga- tion between total debt stock and its components tions to the IMF with respect to all uses of IMF re- is illustrated on page xxiv. sources (excluding those resulting from drawings Long-term external debt is defined as debt in the reserve tranche) shown for the end of the that has an original or extended maturity of more year specified. Use of IMF credit comprises pur- than one year and that is owed to nonresidents chases outstanding under the credit tranches, in- and repayable in foreign currency, goods, or cluding enlarged access resources and all special services. facilities, trust fund loans, poverty reduction and growth facility (PRGF), and structural adjustment Long-term debt has three components: facility (SAF). · Public debt, which is an external obligation · IMF purchases are total drawings on the of a public debtor, including the national govern- general resources account of the IMF during the ment, a political subdivision (or an agency of year specified, excluding drawings in the reserve either), and autonomous public bodies. tranche. · Publicly guaranteed debt, which is an external · IMF repurchases are total repayments of out- obligation of a private debtor that is guaranteed standing drawings from the general resources for repayment by a public entity. account during the year specified, excluding repay- · Private nonguaranteed external debt, which is ments due in the reserve tranche. an external obligation of a private debtor that is not guaranteed for repayment by a public entity. TOTAL DEBT FLOWS are consolidated data on disbursements, principal repayments, interest pay- Short-term external debt is defined as debt that ments for total long-term debt, transactions with has an original maturity of one year or less. Avail- the IMF, and short-term debt. able data permit no distinction between public and Disbursements are drawings on loan commit- private nonguaranteed short-term debt. ments during the year specified. Interest in arrears on long-term debt is defined Principal repayments are the amounts of prin- as interest payment due but not paid, on a cumula- cipal (amortization) paid in foreign currency, tive basis. Interest arrears are regarded as short- goods, or services in the year specified. term debt. Thus an increase in interest arrears will Net flows on debt are disbursements on long- not be recorded as an increase in total long-term term debt and IMF purchases minus principal re- debt outstanding and disbursed (LDOD). On the payments on long-term debt and IMF repurchases other hand, a clearing of interest arrears as pay- up to 1984. Beginning in 1985 this line includes ments of interest arrears will be allocated to the rel- the change in stock of short-term debt (excluding evant flows, being long-term, or short-term debt, interest arrears for long-term debt). Thus if the xv gdf_v2_00i-032.qxd 6/3/08 3:21 PM Page xvi G L O B A L D E V E L O P M E N T F I N A N C E 2 0 0 8 change in stock is positive, a disbursement is ation grants, which are intended to finance the assumed to have taken place; if negative, a repay- transfer of technical and managerial skills or of ment is assumed to have taken place. technology for the purpose of building up general Interest payments are the amounts of interest national capacity without reference to any specific paid in foreign currency, goods, or services in the investment projects; and (2) investment-related year specified. technical cooperation grants, which are provided Net transfers on debt are net flows minus in- to strengthen the capacity to execute specific in- terest payments (or disbursements minus total vestment projects. debt service payments). Profit remittances on foreign direct investment Total debt service paid (TDS) is debt service covers payments of direct investment income (debit payments on total long-term debt (public and pub- side), which consist of income on equity (dividends, licly guaranteed and private nonguaranteed), use branch profits, and reinvested earnings) and income of IMF credit, and interest on short-term debt. on the intercompany debt (interest). 2. Other net resource flows include net flows as 3. Major economic aggregates provides data series well as nondebt flows from various international for major economic aggregates. The five economic organizations. aggregates for the reporting economies are prepared for the convenience of users; the usual caution Debt forgiveness grants are both debts cancelled should be exercised in using them for economic by agreement between debtor and creditor and analysis. reductions in the net present value of nonofficial Gross national income, or GNI is the sum of development assistance debt from concessional value added by all resident producers plus any rescheduling or refinancing. Data are on a dis- product taxes (less subsidies) not included in the bursement basis and cover flows from all bilateral valuation of output plus net receipts of primary in- and multilateral donors. come (compensation of employees and property Foreign direct investment (FDI) is defined as income) from abroad. Yearly average exchange investment that is made to acquire a lasting man- rates are used to convert GNI from local currency agement interest (usually 10 percent of voting into U.S. dollars. stock) in an enterprise operating in a country other Exports of goods, services, and income (XGS) than that of the investor (defined according to res- comprise the total value of goods and services idency), the investor's purpose being an effective exported, receipts of compensation of employees, voice in the management of the enterprise. It is the and investment income. Workers' remittances--a sum of equity capital, reinvestment of earnings, transfer and not an income entry in the balance other long-term capital, and short-term capital as of payments--are treated as compensation of shown in the balance of payments. FDI includes employees in Global Development Finance because inter-company debt. they are often difficult to distinguish from compen- Portfolio equity flows are the sum of country sation of nonresident workers and migrants. funds, depository receipts (American or global), and Workers' remittances and compensation of direct purchases of shares by foreign investors. employees comprise current transfers by migrant Grants are defined as legally binding commit- workers, wages and salaries earned by nonresident ments that obligate a specific value of funds workers. In addition, migrants' transfers, a part of available for disbursement for which there is no capital transfers, are treated as workers' remit- repayment requirement. tances in Global Development Finance. See GDF, Interest on long-term debt excludes IMF volume 1, for more details. charges. Imports of goods and services (MGS) are the total value of goods and services imported and International Development Association (IDA) income paid. grants are net disbursements of grants from IDA. International reserves (RES) are the sum of a The memorandum item technical cooperation country's monetary authority's holdings of special grants includes (1) free-standing technical cooper- drawing rights (SDRs), its reserve position in the xvi gdf_v2_00i-032.qxd 6/3/08 3:21 PM Page xvii A B O U T T H E D A T A IMF, its holdings of foreign exchange, and its 5. Long-term debt provides detailed information holdings of gold (valued at year-end London on stocks and flows of long-term debt and its vari- prices). ous components. Data on bonds issued by private Current account balance is the sum of the entities without public guarantee, compiled for credits less the debits arising from international major borrowers, are included in private nonguar- transactions in goods, services, income, and cur- anteed debt. IBRD loans and IDA credits are rent transfers. It represents the transactions that shown as memorandum items. add to or subtract from an economy's stock of for- Data on long-term debt include eight main eign financial items. elements, not all of which have been provided in the print edition of the GDF: DEBT OUTSTANDING AND DISBURSED 4. Debt indicators The macroeconomic aggregates is the total outstanding debt at year end. and debt data provided in the tables are used to DISBURSEMENTS are drawings on loan generate ratios that analysts use to assess the exter- commitments by the borrower during the year. nal situations of developing countries. Different an- PRINCIPAL REPAYMENTS are amounts alysts give different weights to these indicators, but paid by the borrower during the year. no single indicator or set of indicators can substi- NET FLOWS received by the borrower dur- tute for a thorough analysis of the overall situation ing the year are disbursements minus principal of an economy. The advantage of the indicators in repayments. Global Development Finance is that they are calcu- INTEREST PAYMENTS are amounts paid by lated from standardized data series that are com- the borrower during the year. piled on a consistent basis by the World Bank and NET TRANSFERS are net flows minus inter- the IMF. The ratios offer various measures of the est payments during the year; negative transfers cost of, or capacity for, servicing debt in terms of show net transfers made by the borrower to the the foreign exchange or output forgone. The fol- creditor during the year. lowing ratios are provided based on total external DEBT SERVICE (LTDS) is the sum of principal debt: repayments and interest payments actually made. EDT/XGS is total external debt to exports UNDISBURSED DEBT is total debt un- of goods and services (including workers' drawn at year end; data for private nonguaranteed remittances). debt are not available. EDT/GNI is total external debt to gross Data are aggregated by type of creditor. national income. Official creditors includes multilateral and TDS/XGS, also called the debt service ratio, is bilateral debt. total debt service to exports of goods and services (including workers' remittances). · Loans from multilateral organizations are INT/XGS, also called the interest service ratio, loans and credits from the World Bank, regional is total interest payments to exports of goods and development banks, and other multilateral and services (including workers' remittances). intergovernmental agencies. Excluded are loans INT/GNI is total interest payments to gross from funds administered by an international orga- national income. nization on behalf of a single donor government; RES/EDT is international reserves to total ex- these are classified as loans from governments. ternal debt. · Bilateral loans are loans from governments RES/MGS is international reserves to imports and their agencies (including central banks), loans of goods and services. from autonomous bodies, and direct loans from Short-term/EDT is short-term debt to total official export credit agencies. external debt. Private creditors include bonds, commercial Concessional/EDT is concessional debt to banks, and other private creditors. Other private total external debt. creditors comprise trade-related lending. Multilateral/EDT is multilateral debt to total · Bonds include publicly issued or privately external debt. placed bonds. xvii gdf_v2_00i-032.qxd 6/3/08 3:21 PM Page xviii G L O B A L D E V E L O P M E N T F I N A N C E 2 0 0 8 · Commercial banks are loans from private 7. Debt restructurings provides information on re- banks and other private financial institutions. structurings of long-term debt starting in 1985. · Other private includes credits from manufac- Debt restructurings include restructurings in turers, exporters, and other suppliers of goods, the context of the Paris Club, commercial banks, and bank credits covered by a guarantee of an ex- debt-equity swaps, buybacks, and bond ex- port credit agency. changes. In the event of a swap of long term debt (debt-to-equity, debt-for-nature, or debt-for- Four characteristics of a country's debt are development), the face value of the debt swapped given as memorandum items for long-term debt will be recorded as a decline in the long-term debt outstanding and disbursed (LDOD) in the elec- stock, but the operation will not be recorded as a tronic database. principal repayment. For example, if a country Concessional LDOD conveys information swaps debt of face value D against equity, then about the borrower's receipt of aid from official LDOD will decline by D, and a principal repay- lenders at concessional terms as defined by the ment will not be reported. Debt restructuring data DAC, that is, loans with an original grant element capture the non-cash or inferred flows associated of 25 percent or more. Loans from major regional with rescheduling and restructuring. These are development banks--African Development Bank, presented to complement the cash-basis transac- Asian Development Bank, and the Inter-American tions recorded in the main body of the data, Development Bank--and from the World Bank are which show both the stock and flows resched- classified as concessional, according to each institu- uled each year. In addition, the amount of debt tion's classification and not according to the DAC forgiven (interest forgiven is shown as a memo- definition, as was the practice in earlier reports. randum item) and the amount of debt stock re- Variable interest rate LDOD is long-term duction (including debt buyback) are also shown debt with interest rates that float with movements separately. Total amount rescheduled is the total amount in a key market rate such as the London interbank of debt rescheduled, which includes the debt offer rate (LIBOR) or the U.S. prime rate. This stock, principal, interest, charges, and penalties item conveys information about the borrower's ex- rescheduled. posure to changes in international interest rates. Debt stock rescheduled is the amount of debt Public sector LDOD and private sector LDOD outstanding rescheduled in any given year. convey information about the distribution of long- Principal rescheduled is the amount of prin- term debt for DRS countries by type of debtor cipal due or in arrears that was rescheduled in any (central government, state and local government, given year. central bank, public and mixed enterprises, official Interest rescheduled is the amount of interest development banks, private banks, and private due or in arrears that was rescheduled in any given entities). year. Debt forgiven is the amount of principal due 6. Currency composition of public and publicly or in arrears that was written off or forgiven in guaranteed debt provides information on the cur- any given year. It includes debt forgiven within rency composition of loans outstanding and dis- and outside Paris Club agreements, principal for- bursed based on repayment currency of individual given, and principal arrears forgiven, and excludes loans. For major multilateral creditors, currency interest forgiven. Interest arrears forgiven and fu- composition is based on reporting currency, which is ture interest obligations forgiven are recorded as a mostly U.S. dollars and unit of account. The major memo item under interest forgiven. currencies in which the external debt of low- and Interest forgiven is the amount of interest due middle-income countries is contracted are separately or in arrears that was written off or forgiven in identified, as is debt denominated in special drawing any given year. rights and debt repayable in multiple currencies. Debt stock reduction is the amount that has Beginning in 2001, debt denominated in the been netted out of the stock of debt using debt currencies of the 15 members in the euro area is conversion schemes such as buybacks and equity included under the euro. swaps or the discounted value of long-term bonds xviii gdf_v2_00i-032.qxd 6/3/08 3:21 PM Page xix A B O U T T H E D A T A that were issued in exchange for outstanding debt. Net flows on debt are disbursements on long- It includes the effect of any financial operation term debt and IMF purchases minus principal that will reduce the debt stock other than debt repayments, IMF repurchases, and change in the stock restructuring, repayment of principal and stock of the short-term debt. debt forgiven (which is recorded separately in sec- Net change in interest arrears is the variation tion 7). In particular, "debt stock reduction" will in the total amount of interest in arrears between include the face value of debt bought back, the two consecutive years (CD-ROM only). face value of debt swapped for equity (or "nature" Interest capitalized is the interest that became or "development"), any face value reduction that part of the stock of debt due to a rescheduling op- might result as the consequence of a bond ex- eration (CD-ROM only). change, and any face value reduction resulting Debt forgiveness or reduction is the debt from an exchange of debt for discount bonds. stock, principal, and/or interest that will not be Debt buyback is the repurchase by a debtor of paid (CD-ROM only). its own debt, discounted or at par. In the event of a Cross-currency valuation effect arises from buyback of long-term debt, the face value of the movements in the value of the dollar against other debt bought back will be recorded as a decline in world currencies, as well as debt forgiveness or the long-term debt stock, and the cash amount re- reduction, and affect the value of developing country ceived by creditors will be recorded as a principal debt. Countries contract debt in various currencies. repayment in Section 5. For example, if a country The debt data that countries report to the DRS is ex- buys back long-term debt of face value B at a price pressed in the currencies in which the original debt p, then LDOD will decline by B, and principal re- was contracted or in currencies in which it is re- payment will go up by p*B. The difference between payable. For purposes of standardization and aggre- the secondary market price at which the debt was gation, the DRS converts these amounts into dollar bought back and the face value is recorded as a values. The exchange rates used are generally the par debt stock write-off (CD-ROM only). Both debt values or central rates specified by the IMF or mar- buyback and debt stock write-offs are included in ket rates when necessary. Exchange rates in effect at the debt stock reduction. the end of any given year are used to convert the stock of debt outstanding for that year in various 8. Debt stock-flow reconciliation reconciles the currencies into the nominal dollar value. stock and flow data on total external debt for each Residual is the change in the total debt stock year, beginning with 1989. This section is designed that is not justified by the operations listed in this to illustrate the changes in stock that have taken section (CD-ROM only). place due to five factors: the net flow on debt, the net change in interest arrears, the capitalization of 9. Average terms of new commitments provides interest, the reduction in debt resulting from debt information on the average terms of new commit- forgiveness or other debt reduction mechanisms, ments on public and publicly guaranteed debt and and the cross-currency valuation effects. The resid- information on the level of commitments from of- ual difference--the change in stock not explained ficial and private sources. To obtain averages, the by any of the factors identified above--is also pre- interest rates, maturities, and grace periods in each sented. The residual is calculated as the sum of category have been weighted by the amounts of identified accounts minus the change in stock. the loans. Where the residual is large it can, in some cases, The grant equivalent of a loan is its commit- serve as an illustration of the inconsistencies in the ment (present) value, less the discounted present reported data. More often, however, it can be value of its contractual debt service; convention- explained by specific borrowing phenomena in ally, future service payments are discounted at individual countries. These are explained in the 10 percent. Country Notes section. Not all components are Net Present Value (NPV) of debt--the nominal- provided in the GDF print edition. amount outstanding minus the sum of all future Total change in debt stock is the variation debt-service obligations (interest and principal) on in the total debt stock between two consecutive existing debt discounted at an interest rate differ- years. ent from the contracted rate. xix gdf_v2_00i-032.qxd 6/3/08 3:21 PM Page xx G L O B A L D E V E L O P M E N T F I N A N C E 2 0 0 8 The grant element of a loan is the grant equiv- data are World Bank staff estimates, based on BIS alent expressed as a percentage of the amount data on international bank lending. committed. It is used as a measure of the overall cost of borrowing. Loans with an original grant element of 25 percent or more are defined as con- Sources T cessional. The average grant element has been he principal sources of information for the weighted by the amounts of the loans. Commit- tables in this volume are reports to the World ments cover the total amount of loans for which Bank through the DRS from member countries contracts were signed in the year specified; data that have received either IBRD loans or IDA cred- for private nonguaranteed debt are not available. its. Additional information has been drawn from Grace period for principal is the period from the files of the African Development Bank, the the date of signature of the loan or the issue of the Asian Development Bank, the Central Bank for financial instrument to the first repayment of prin- Economic Integration, the Inter-American Devel- cipal. The repayment period is the period from the opment Bank, the IBRD and the IDA, and the IMF. first to last repayment of principal. (The IBRD and IDA are components of the World Maturity is the number of years to original Bank.) maturity date, which is the sum of grace and re- Reporting countries submit detailed (loan- payment periods. by-loan) reports through the DRS on the annual status, transactions, and terms of the long-term 10. Projections on existing pipeline provides anti- external debt of public agencies and that of private cipated disbursements and contractual obligations ones guaranteed by a public agency in the debtor on long-term debt contracted up to December country. This information forms the basis for the 2006. tables in this volume. Projected debt service payments are estimates Aggregate data on private debt without public of payments due on existing debt outstanding, in- guarantee are compiled and published as reliable cluding undisbursed. They do not include service reported and estimated information becomes payments that may become due as a result of new available. loans contracted in subsequent years. Nor do they The short-term debt data are as reported by allow for effects on service payments of changes in the debtor countries or are estimates. The principal repayment patterns owing to prepayment of loans creditor sources are the semiannual series of com- or to rescheduling or refinancing, including repay- mercial banks' claims on developing countries, ment of outstanding arrears, that occurred after published by the BIS. For some countries, estimates the last year of reported data. were prepared by pooling creditor and debtor Projected disbursements are estimates of information. drawings of unutilized balances (CD-ROM only). Data on long-term debt reported by member The projections do not take into account future countries are checked against, and supplemented borrowing by the debtor country. (See the Method- by, data from several other sources. Among these ology section for a detailed explanation of how are the statements and reports of several regional undisbursed balances are projected.) development banks, government lending agencies, and official government Web sites. Data on exports and imports (on a balance of Country Notes payments basis), international reserves, and cur- C ountry notes at the end of each country table rent account balances are drawn mainly from the summarize major events that have taken files of the IMF, supplemented by World Bank staff place in the country in recent years; describe the estimates. Balance of payments data are presented sources of information for short-term and private according to the fifth edition of the IMF's Bal- non-guaranteed debt; and highlight main issues on ance of Payments Manual, which made several data collection process. Unless otherwise specified adjustments to its presentation of trade statistics. in the country table, data on long-term public and Coverage of goods was expanded to include in im- publicly guaranteed debt for 2006 are based on re- ports the value of goods received for processing ports provided by the country, and short-term debt and repair (on a gross basis). Their subsequent xx gdf_v2_00i-032.qxd 6/3/08 3:21 PM Page xxi A B O U T T H E D A T A re-export is recorded in exports (also on a gross Nevertheless, quality and coverage vary among basis). This approach will cause a country's im- debtors and may also vary for the same debtor ports and exports to increase without affecting the from year to year. Coverage has been improved balance of goods. In addition, all capital transfers, through the efforts of the reporting agencies and which were included with current transfers in the the work of World Bank missions, which visit fourth edition of the Balance of Payments Manual, member countries to gather data and to provide are now shown in a separate capital (as opposed technical assistance on debt issues. to financial) account, and so do not contribute to the current account balance. GNI data for most developing countries are Symbols T collected from national statistical organizations he following symbols have been used and central banks by visiting and resident World throughout: Bank missions. Data on GNI are from the Macro- economic Data Team of the Development Eco- 0.0 indicates that a datum exists, but is negligible, nomics Development Data Group of the World or is a true zero Bank. .. indicates that a datum is not available. Every effort has been made to ensure the $ Dollars are current U.S. dollars unless otherwise accuracy and completeness of the debt statistics. specified. xxi gdf_v2_00i-032.qxd 6/3/08 3:21 PM Page xxii gdf_v2_00i-032.qxd 6/3/08 3:21 PM Page xxiii Abbreviations The following abbreviations are used in the principal ratios and indicator tables: BIS Bank for International Settlements CRS Creditor Reporting System (of the OECD) DAC Development Assistance Committee (of the OECD) DDSR Debt and debt service reduction DRS Debtor Reporting System (of the World Bank) EDT Total external debt, including short-term and use of IMF credit FDI Foreign direct investment GNI Gross national income IBRD International Bank for Reconstruction and Development/World Bank IDA International Development Association (of the World Bank) IMF International Monetary Fund INT Total interest payments on long-term and short-term debt, including IMF charges LDOD Total long-term debt outstanding and disbursed LIBOR London interbank offer rate MGS Imports of goods and services MYRA Multiyear rescheduling agreement NPV Net present value of debt ODA Official development assistance OECD Organisation for Economic Co-operation and Development OPEC Organization of Petroleum Exporting Countries RES International reserves SDR Special drawing right (of the IMF) TDS Total debt service on long-term debt and short-term (interest only), including IMF Credits WBXD World Bank External Debt System XGS Exports of goods and services xxiii gdf_v2_00i-032.qxd 6/3/08 3:21 PM Page xxiv G L O B A L D E V E L O P M E N T F I N A N C E 2 0 0 8 Debt stock and its components Total external debt (EDT) Short-term Long-term debt Use of IMF debt (LDOD) credits by debtor Private Public and publicly nonguaranteed debt guaranteed debt by creditor Official Private creditors creditors Commercial Multilateral Bilateral Bonds Other banks xxiv gdf_v2_00i-032.qxd 6/3/08 3:21 PM Page xxv Country groups Regional groups East Asia and Pacific Slovak Republic (A) Egypt, Arab Rep. of (A) Ghana (A) Tajikistan (P) Iran, Islamic Rep. of (A) Guinea (P) Cambodia (A) Turkey (A) Jordan (A) Guinea-Bissau (E) China (P) Turkmenistan (A) Lebanon (A) Kenya (A) Fiji (A) Ukraine (A) Morocco (A) Lesotho (A) Indonesia (A) Uzbekistan (A) Oman (A) Liberia (E) Lao PDR (P) Syrian Arab Republic (E) Madagascar (A) Malaysia (E) Latin America and the Caribbean Tunisia (A) Malawi (E) Mongolia (A) Yemen, Republic of (A) Mali (A) Myanmar (E) Argentina (A) Mauritania (A) Papua New Guinea (A) Belize (A) South Asia Mauritius (A) Philippines (A) Bolivia (A) Mozambique (P) Samoa (A) Brazil (A) Afghanistan (A) Niger (P) Solomon Islands (A) Chile (A) Bangladesh (A) Nigeria (P) Thailand (A) Colombia (A) Bhutan (A) Rwanda (P) Tonga (A) Costa Rica (A) India (A) São Tomé and Principe (A) Vanuatu (A) Dominica (A) Maldives (A) Senegal (A) Vietnam (A) Dominican Republic (A) Nepal (A) Seychelles (A) Ecuador (A) Pakistan (A) Sierra Leone (P) Europe and Central Asia El Salvador (A) Sri Lanka (A) Somalia (E) Grenada (A) South Africa (P) Albania (A) Guatemala (A) Sub-Saharan Africa Sudan (A) Armenia (A) Guyana (A) Swaziland (A) Azerbaijan (A) Haiti (P) Angola (A) Tanzania (E) Belarus (A) Honduras (A) Benin (P) Togo (A) Bosnia and Herzegovinaa (A) Jamaica (P) Botswana (A) Uganda (A) Bulgaria (A) Mexico (A) Burkina Faso (A) Zambia (A) Croatia (A) Nicaragua (A) Burundi (A) Zimbabwe (A) Georgia (A) Panama (A) Cameroon (P) Hungary (A) Paraguay (A) Cape Verde (A) Kazakhstan (A) Peru (A) Central African Republic (E) Kyrgyz Republic (A) St. Kitts and Nevis (A) Chad (E) Latvia (A) St. Lucia (A) Comoros (A) Lithuania (A) St. Vincent and the Grenadines (A) Congo, Dem. Rep. of (E) Macedonia, FYR (A) Uruguay (A) Congo, Rep. of (E) Moldova (A) Venezuela, R.B. de (A) Côte d'Ivoire (A) Montenegro (A) Equatorial Guinea (E) Poland (A) Middle East and North Africa Eritrea (A) Romania (P) Ethiopia (A) Russian Federation (P) Algeria (A) Gabon (E) Serbiaa/b(A) Djibouti (A) Gambia,The (A) Note: Letters in parenthesis indicate DRS reporters' status: (A) as reported, (P) preliminary, and (E) estimated. The status "as reported" indicates that the country was fully current in its reporting under the DRS and that World Bank staff are satisfied that the reported data give an adequate and fair representation of the country's total public debt. "Preliminary" data are based on reported or collected information but, because of incompleteness or other reasons, include an element of staff estimation. "Estimated" data indicate that countries are not current in their reporting and that a significant element of staff estimation has been necessary in producing the data tables. a. For Bosnia and Herzegovina, total debt before 1999, excluding IBRD and IMF obligations and short-term debt, is included under Serbia b. Data prior to 2006 include Montenegro. xxv gdf_v2_00i-032.qxd 6/4/08 10:23 AM Page xxvi G L O B A L D E V E L O P M E N T F I N A N C E 2 0 0 8 Income groups Low-income countries Niger Middle-income countries Jordan Nigeria Kazakhstan Bangladesh Pakistan Albania Latvia Benin Papua New Guinea Algeria Lebanon Burkina Faso Rwanda Angola Lesotho Burundi São Tomé and Principe Argentina Lithuania Cambodia Senegal Armenia Macedonia, FYR Central African Republic Sierra Leone Azerbaijan Malaysia Chad Solomon Islands Barbados Maldives Comoros Somalia Belarus Mauritius Congo, Dem. Rep. of Sudan Belize Mexico Côte d'Ivoire Tajikistan Bhutan Moldova Eritrea Tanzania Bolivia Montenegro Ethiopia Togo Botswana Morocco Gambia, The Uganda Bosnia and Herzegovina Nicaragua Ghana Uzbekistan Brazil Oman Guinea Vietnam Bulgaria Panama Guinea-Bissau Yemen, Republic of Cameroon Paraguay Haiti Zambia Cape Verde Peru India Zimbabwe Chile Philippines Kenya China Poland Kyrgyz Republic Colombia Romania Lao PDR Congo, Rep. of Russian Federation Liberia Costa Rica Samoa Madagascar Croatia Serbia Malawi Djibouti Seychelles Mali Dominica Slovak Republic Mauritania Dominican Republic South Africa Mongolia Ecuador Sri Lanka Mozambique Egypt, Arab Rep. of St. Kitts and Nevis Myanmar El Salvador St. Lucia Nepal Equatorial Guinea St. Vincent and the Grenadines Estonia Swaziland Fiji Syrian Arab Republic Gabon Thailand Georgia Tonga Grenada Trinidad and Tobago Guatemala Tunisia Guyana Turkey Honduras Turkmenistan Hungary Ukraine Indonesia Uruguay Iran, Islamic Rep. of Vanuatu Jamaica Venezuela, R.B. de Note: Low-income countries are those in which 2006 GNI per capita (calculated using the World Bank Atlas method) was no more than $905; middle-income countries are those in which GNI per capita was between $906 and $11,116. xxvi gdf_v2_00i-032.qxd 6/3/08 3:21 PM Page xxvii Summary table xxvii gdf_v2_00i-032.qxd 6/3/08 3:21 PM Page xxviii G L O B A L D E V E L O P M E N T F I N A N C E 2 0 0 8 Table 1. Key Indebtedness Indicators 2004­06 (US$ millions) Ratio of Ratio of Ratio of Total Present total external present value of Ratio of total present value external value of debt to exports of debt to exports of external debt of debt to Country debt 2006 debt 2006 goods & services (%) goods & services (%) to GNI (%) GNI (%) Afghanistan 1,771 1,320 98 73 24 18 Albania 2,340 1,813 71 55 28 21 Algeria 5,583 5,189 11 10 6 5 Angola 9,563 9,203 40 39 34 33 Argentina 122,190 119,202 236 230 69 68 Armenia 2,073 1,466 110 78 41 29 Azerbaijan 1,900 1,463 20 15 16 12 Bangladesh 20,521 14,109 133 91 33 22 Belarus 6,124 5,237 32 28 20 17 Belize 1,020 1,050 146 150 101 104 Benin 824 502 96 59 19 12 Bhutan 713 703 249 245 87 86 Bolivia 5,292 1,875 137 48 56 20 Bosnia and Herzegovina 5,669 4,920 97 84 49 43 Botswana 408 334 7 6 4 4 Brazil 194,150 221,411 138 158 23 26 Bulgaria 20,925 20,538 112 110 75 74 Burkina Faso 1,142 641 170 95 20 11 Burundi 1,411 803 1,643 935 185 105 Cambodia 3,527 2,873 81 66 59 48 Cameroon 3,171 641 75 15 19 4 Cape Verde 601 421 111 78 61 43 Central African Republic 1,020 729 773 553 73 53 Chad 1,772 1,048 58 34 39 23 Chile 47,977 45,692 90 86 45 42 China 322,845 316,277 36 35 14 14 Colombia 39,698 41,126 138 143 31 32 Comoros 282 207 250 184 74 54 Congo, Dem. Rep. 11,201 8,375 473 354 159 119 Congo, Rep. 6,130 5,535 120 108 120 108 Costa Rica 6,832 6,910 66 66 35 35 Cote d'Ivoire 13,840 11,237 161 131 88 72 Croatia 37,480 35,301 179 168 99 93 Djibouti 464 328 145 102 59 42 Dominica 269 220 197 161 103 84 Dominican Republic 8,905 8,582 69 66 36 35 Ecuador 16,536 18,113 118 129 47 52 Egypt, Arab Rep. 29,339 25,832 78 69 32 28 El Salvador 9,136 9,241 118 119 55 55 Equatorial Guinea 278 237 4 4 8 7 Eritrea 800 434 1,290 700 90 49 Ethiopia 2,326 890 109 42 20 8 Fiji 237 232 14 14 8 8 Gabon 4,350 4,298 80 79 65 64 Gambia, The 725 158 289 63 164 36 Georgia 1,964 1,424 78 57 31 22 Ghana 3,192 2,261 74 53 30 21 Grenada 492 552 282 315 105 118 Guatemala 5,496 5,576 58 59 18 18 Guinea 3,281 2,012 344 211 94 58 Guinea-Bissau 711 766 538 580 253 273 Guyana 1,162 538 126 58 153 71 Haiti 1,189 929 74 58 28 22 Honduras 4,076 1,959 76 37 51 25 Hungary 107,677 101,200 135 127 106 100 India 153,075 116,308 83 63 19 15 Indonesia 130,956 128,905 124 122 45 45 Iran, Islamic Rep. 20,113 19,219 28 27 11 10 (table continues on next page) xxviii gdf_v2_00i-032.qxd 6/4/08 10:23 AM Page xxix S U M M A R Y T A B L E Table 1. Key Indebtedness Indicators 2004­06 (continued) (US$ millions) Ratio of Ratio of Ratio of Total Present total external present value of Ratio of total present value external value of debt to exports debt to exports external debt of debt to Country debt 2006 debt 2006 of goods & services (%) of goods & services (%) to GNI (%) GNI (%) Jamaica 7,994 8,902 130 144 89 99 Jordan 8,000 7,614 81 77 61 58 Kazakhstan 74,148 72,138 228 222 136 132 Kenya 6,534 4,978 114 87 34 26 Kyrgyz Republic 2,382 1,257 174 92 98 52 Lao PDR 2,985 2,327 314 245 111 87 Latvia 22,795 21,874 277 266 141 135 Lebanon 23,963 24,756 123 128 112 116 Lesotho 670 437 59 38 38 25 Liberia 2,674 4,826 1,884 3,400 625 1,128 Lithuania 18,955 18,995 121 121 79 79 Macedonia, FYR 2,661 2,874 95 102 46 50 Madagascar 1,453 634 98 43 30 13 Malawi 850 174 115 24 30 6 Malaysia 52,526 51,830 31 31 40 39 Maldives 459 384 73 61 59 50 Mali 1,436 772 89 48 28 15 Mauritania 1,630 1,944 157 188 78 93 Mauritius 1,997 1,962 51 50 32 31 Mexico 160,700 161,118 62 62 21 21 Moldova 2,416 2,171 100 90 72 65 Mongolia 1,444 1,014 81 57 61 43 Montenegro 924 922 78 78 44 44 Morocco 18,493 17,630 76 72 31 30 Mozambique 3,265 701 140 30 56 12 Myanmar 6,828 5,601 164 135 57 47 Nepal 3,409 2,218 138 90 42 27 Nicaragua 4,391 1,405 169 54 93 30 Niger 805 277 132 45 24 8 Nigeria 7,693 6,939 14 13 9 9 Oman 4,819 4,875 25 25 16 16 Pakistan 35,909 29,014 152 123 32 26 Panama 9,989 11,143 84 94 69 77 Papua New Guinea 1,675 1,524 46 42 38 35 Paraguay 3,426 3,332 71 69 44 43 Peru 28,174 31,395 126 140 38 42 Philippines 60,324 62,305 98 101 55 57 Poland 125,831 117,484 104 97 44 41 Romania 55,114 55,782 147 148 58 58 Russian Federation 251,067 255,042 87 88 33 34 Rwanda 419 160 152 58 20 8 Samoa 858 787 662 607 224 205 Sao Tome and Principe 355 15 2,230 94 312 13 Senegal 1,984 1,194 63 38 23 14 Serbia 13,831 14,158 124 127 51 52 Seychelles 905 889 120 118 131 128 Sierra Leone 1,428 120 494 42 118 10 Slovak Republic 27,085 27,104 67 67 58 58 Solomon Islands 173 131 105 79 57 43 Somalia 2,836 2,751 -- -- -- -- South Africa 35,549 36,037 50 51 15 15 Sri Lanka 11,446 9,255 114 92 49 40 St. Kitts and Nevis 293 278 132 125 71 67 St. Lucia 374 350 74 69 46 43 St. Vincent and the Grenadines 300 279 151 140 73 67 Sudan 19,158 20,533 313 336 71 77 Swaziland 544 544 23 23 21 21 Syrian Arab Republic 6,502 6,466 51 51 23 23 (table continues on next page) xxix gdf_v2_00i-032.qxd 6/4/08 10:23 AM Page xxx G L O B A L D E V E L O P M E N T F I N A N C E 2 0 0 8 Table 1. Key Indebtedness Indicators 2004­06 (US$ millions) Ratio of Ratio of Ratio of Total Present total external present value of Ratio of total present value external value of debt to exports debt to exports external debt of debt to Country debt 2006 debt 2006 of goods & services (%) of goods & services (%) to GNI (%) GNI (%) Tajikistan 1,154 828 59 42 50 36 Tanzania 4,240 1,981 141 66 35 16 Thailand 55,233 53,680 41 40 31 30 Togo 1,806 1,439 179 142 86 68 Tonga 85 61 70 50 40 29 Tunisia 18,480 18,072 115 112 67 66 Turkey 207,854 215,957 193 200 58 61 Turkmenistan 881 873 15 15 11 11 Uganda 1,264 453 67 24 15 6 Ukraine 49,887 49,047 108 106 59 58 Uruguay 9,804 10,427 174 185 62 66 Uzbekistan 3,892 3,784 69 67 27 26 Vanuatu 86 64 43 32 26 19 Venezuela, R.B. de 44,635 49,536 75 83 31 34 Vietnam 20,202 17,013 54 45 39 33 Yemen, Rep. 5,563 3,722 69 46 37 25 Zambia 2,325 654 78 22 33 9 Zimbabwe 4,677 4,874 238 248 106 110 Notes: -- Not available. For definition of indicators, see the About the Data section. Numbers in italics include the effects of traditional relief and HIPC relief and are based on publicly guaranteed debt only. Under the Multilateral Debt Relief Initiative (MDRI), IDA, IMF and the African Development Fund are currently finalizing arrangements to provide debt stock cancellation to post-completion point HIPCs on debt owed to the three institutions. The IMF and ADF are providing 100 percent stock cancellation on debts outstanding as of end-2004, while IDA will provide 100 percent stock cancellation on debts owed as of end-2003. The present value of debt for HIPCs provided in the GDF does not incorporate debt reduction under the MDRI and may include penalty charges. For post-completion point countries, pre-MDRI net present value is used since MDRI was introduced in 2006. PV for Mauritania accounts "passive debt" which had not been counted in the past as part of the government obligations. For interim period countries, only the conditional debt relief under HIPC is included. This has been done systematically for all countries. For pre-decision point countries, PV is based on available DSAs. Exports comprise the total value of goods and services exported, receipts of compensations of employees and investment income and worker's remittances. In the ratios, the numerator refers to the 2004 data and the denominator is an average of 2004 to 2006 data. For exports and GNI averages, staff estimates are used when necessary. xxx gdf_v2_00i-032.qxd 6/3/08 3:21 PM Page 1 Regional and income group aggregate tables ALL DEVELOPING COUNTRIES (US$ million, unless otherwise indicated) 1990 1995 2000 2003 2004 2005 2006 2007 1. SUMMARY DEBT DATA TOTAL DEBT STOCKS (EDT) 1,326,626 1,951,397 2,256,415 2,571,461 2,752,244 2,740,149 2,983,659 3,357,222 Long-term debt (LDOD) 1,091,888 1,551,726 1,888,330 2,051,491 2,171,709 2,128,549 2,305,321 2,557,845 Public and publicly guaranteed 1,032,383 1,333,962 1,350,094 1,467,644 1,516,361 1,365,820 1,267,133 1,335,435 Private nonguaranteed 59,505 217,764 538,236 583,846 655,348 762,729 1,038,189 1,222,410 Use of IMF credit 34,321 60,922 58,429 106,865 96,044 49,179 20,103 16,301 Short-term debt 200,416 338,750 309,656 413,106 484,491 562,421 658,235 783,076 of which interest arrears on LDOD 52,707 44,109 31,452 45,702 51,069 38,038 35,868 .. Official creditors 19,643 26,071 21,480 20,473 22,108 16,094 14,574 .. Private creditors 33,064 18,038 9,973 25,229 28,961 21,945 21,293 .. Memorandum items Principal arrears on LDOD 59,565 105,975 62,861 81,657 90,216 67,632 76,936 .. Official creditors 27,254 59,825 46,509 43,618 43,837 33,357 34,579 .. Private creditors 32,311 46,150 16,352 38,039 46,379 34,276 42,357 .. TOTAL DEBT FLOWS Disbursements 125,495 219,798 258,680 330,350 397,316 454,878 577,344 651,445 Long-term debt 117,356 191,915 248,566 300,728 390,369 450,917 573,139 646,948 IMF purchases 8,139 27,882 10,114 29,621 6,946 3,961 4,205 2,543 Principal repayments 83,100 129,561 252,346 311,181 335,620 393,258 443,979 372,794 Long-term debt 74,929 118,533 231,585 283,938 313,982 349,136 412,654 364,127 IMF repurchases 8,171 11,028 20,761 27,243 21,638 44,122 31,325 7,202 Net flows on debt 56,171 147,328 -59 72,761 127,714 152,580 231,350 409,043 of which short-term debt 13,776 57,091 -6,393 53,507 66,018 90,960 97,985 129,723 Interest payments (INT) 63,191 89,942 118,640 101,238 101,841 113,427 129,392 150,187 Long-term debt 50,945 71,827 98,910 87,003 84,051 92,892 103,669 119,982 IMF charges 2,476 2,779 2,880 2,424 3,463 3,277 1,656 359 Short-term debt 9,769 15,335 16,849 11,810 14,328 17,258 24,067 29,937 Net transfers on debt -7,019 57,386 -118,699 -28,458 25,872 39,152 101,958 244,853 Total debt service paid (TDS) 146,291 219,502 370,986 412,419 437,461 506,686 573,372 522,981 Long-term debt 125,875 190,360 330,495 370,941 398,033 442,028 516,323 485,574 IMF repurchases and charges 10,647 13,807 23,641 29,667 25,100 47,399 32,981 7,562 Short-term debt (interest only) 9,769 15,335 16,849 11,810 14,328 17,258 24,067 29,937 2. OTHER NET RESOURCE FLOWS (LONG-TERM) Net flow of long-term debt (ex. IMF) 42,427 73,382 16,981 16,790 76,387 101,780 160,485 283,310 Foreign direct investment (net) 24,460 104,001 165,478 161,890 225,546 288,472 367,492 470,782 Portfolio equity flows 3,390 13,794 13,482 24,070 40,372 68,885 104,849 145,100 Grants (excluding technical coop.) 27,795 31,678 28,602 44,946 52,843 55,895 102,421 57,315 of which: Debt forgiveness grants .. .. 2,293 8,768 7,437 11,520 52,291 3,000 IDA grants .. .. .. 427 1,084 1,161 1,190 1,625 Memo: technical coop. grants 13,843 19,340 14,429 20,255 20,602 20,833 22,184 18,357 Interest on long-term debt 50,945 71,827 98,910 87,003 84,051 92,892 103,669 119,982 Profit remittances on FDI 16,657 38,401 71,357 100,209 136,456 182,084 237,960 .. 3. MAJOR ECONOMIC AGGREGATES Gross national income (GNI) 3,673,230 5,020,092 5,815,305 6,890,546 8,160,132 9,659,934 11,316,638 .. Exports of goods, serv. & inc. (XGS) 729,201 1,265,445 1,839,805 2,382,160 3,025,510 3,722,540 4,537,821 .. Worker remit. & comp. of employees 30,996 56,871 83,640 143,586 161,166 190,422 221,272 239,721 Imports of goods & services (MGS) 765,796 1,384,786 1,840,243 2,303,661 2,920,492 3,496,892 4,192,615 .. International reserves (RES) 185,487 473,467 691,612 1,249,051 1,654,185 2,053,125 2,701,467 .. Current account balance -12,792 -90,141 29,165 95,224 127,054 242,073 324,335 .. 4. DEBT INDICATORS EDT / XGS (%) 181.9 154.2 122.6 107.9 91.0 73.6 65.8 .. EDT / GNI (%) 36.1 38.9 38.8 37.3 33.7 28.4 26.4 .. TDS / XGS (%) 20.1 17.3 20.2 17.3 14.5 13.6 12.6 .. INT / XGS (%) 8.7 7.1 6.4 4.2 3.4 3.0 2.9 .. INT / GNI (%) 1.7 1.8 2.0 1.5 1.2 1.2 1.1 .. RES / EDT (%) 14.0 24.3 30.7 48.6 60.1 74.9 90.5 .. RES / MGS (months) 2.9 4.1 4.5 6.5 6.8 7.0 7.7 .. Short-term / EDT (%) 15.1 17.4 13.7 16.1 17.6 20.5 22.1 23.3 Concessional / EDT (%) 20.7 19.5 16.9 17.8 17.5 15.6 13.2 11.6 Multilateral / EDT (%) 15.3 14.6 14.7 14.8 14.3 13.9 11.9 10.9 2 ALL DEVELOPING COUNTRIES (US$ million, unless otherwise indicated) 1990 1995 2000 2003 2004 2005 2006 2007 5. LONG-TERM DEBT DEBT OUTSTANDING (LDOD) 1,091,888 1,551,726 1,888,330 2,051,491 2,171,709 2,128,549 2,305,321 2,557,845 Public and publicly guaranteed 1,032,383 1,333,962 1,350,094 1,467,644 1,516,361 1,365,820 1,267,133 1,335,435 Official creditors 549,853 804,091 779,255 817,428 832,130 726,470 649,641 646,757 Multilateral 202,901 285,358 331,410 379,627 392,456 379,833 353,609 365,529 Concessional 68,397 106,516 128,944 167,117 182,405 179,346 153,973 159,255 Bilateral 346,952 518,733 447,845 437,800 439,675 346,637 296,032 281,228 Concessional 206,817 274,891 251,345 290,818 299,116 247,888 241,294 230,316 Private creditors 482,531 529,871 570,839 650,216 684,231 639,350 617,492 688,678 Bonds 103,824 244,831 366,955 428,492 459,483 422,534 429,099 455,886 Commercial banks 246,004 152,361 131,851 162,025 170,237 169,704 145,588 201,369 Private nonguaranteed 59,505 217,764 538,236 583,846 655,348 762,729 1,038,189 1,222,410 Bonds 347 51,018 93,142 119,703 125,976 159,947 200,490 249,534 Commercial banks and other 59,158 166,746 445,095 464,143 529,373 602,782 837,699 972,876 Memo: IBRD 92,237 111,116 111,711 108,631 105,652 99,718 96,188 96,237 IDA 44,978 71,466 86,624 113,815 124,326 121,497 98,391 106,025 Public sector LDOD 1,026,379 1,327,748 1,342,093 1,459,340 1,507,243 1,357,474 1,259,375 1,329,556 Private sector LDOD 65,509 223,978 546,237 592,151 664,466 771,075 1,045,947 1,228,289 DISBURSEMENTS 117,356 191,915 248,566 300,728 390,369 450,917 573,139 646,948 Public and publicly guaranteed 100,115 134,589 140,141 135,288 154,113 146,575 133,941 166,225 Official creditors 49,307 66,008 53,373 49,912 47,639 46,181 53,931 50,343 Multilateral 27,251 31,967 34,978 37,818 34,202 34,912 39,826 33,159 Concessional 6,821 8,789 8,222 10,845 12,242 12,817 11,744 11,588 Bilateral 22,057 34,041 18,395 12,094 13,437 11,269 14,104 17,183 Concessional 13,337 14,344 13,349 9,765 10,793 9,390 12,079 14,640 Private creditors 50,808 68,581 86,768 85,376 106,474 100,394 80,011 115,882 Bonds 5,176 25,388 57,753 50,037 67,060 63,551 53,690 61,605 Commercial banks 15,664 23,100 19,701 28,062 34,660 32,702 20,726 52,611 Private nonguaranteed 17,241 57,326 108,425 165,440 236,256 304,342 439,198 482,677 Bonds 291 14,063 11,619 18,186 35,761 51,561 54,338 80,586 Commercial banks and other 16,950 43,263 96,806 147,254 200,494 252,781 384,860 402,090 Memo: IBRD 13,413 13,000 13,412 11,500 10,463 9,620 12,291 8,688 IDA 4,344 5,426 5,211 6,563 7,835 7,106 6,624 6,163 PRINCIPAL REPAYMENTS 74,929 118,533 231,585 283,938 313,982 349,136 412,654 364,127 Public and publicly guaranteed 67,728 90,769 120,497 144,099 136,977 158,642 194,395 115,345 Official creditors 22,967 43,911 48,891 64,062 58,902 77,553 97,292 50,251 Multilateral 11,868 20,656 23,061 36,218 31,109 27,522 37,099 24,001 Concessional 896 1,561 2,450 2,873 3,277 3,346 4,576 3,656 Bilateral 11,099 23,256 25,831 27,844 27,793 50,032 60,193 26,250 Concessional 4,818 8,841 12,548 13,430 14,089 19,318 15,581 19,254 Private creditors 44,761 46,858 71,606 80,036 78,075 81,089 97,103 65,094 Bonds 4,290 12,072 34,854 38,564 37,480 45,890 61,950 33,895 Commercial banks 22,552 16,912 24,328 30,356 31,993 26,226 25,637 18,789 Private nonguaranteed 7,202 27,764 111,088 139,840 177,005 190,494 218,259 250,247 Bonds 0 4,042 15,032 10,070 24,253 16,582 18,656 28,994 Commercial banks and other 7,202 23,722 96,056 129,770 152,753 173,912 199,603 221,253 Memo: IBRD 7,925 11,662 9,758 17,474 15,216 12,512 17,546 10,336 IDA 248 542 947 1,348 1,538 1,632 2,064 1,556 INTEREST PAYMENTS (LINT) 50,945 71,827 98,910 87,003 84,051 92,892 103,669 119,982 Public and publicly guaranteed 46,406 60,453 66,163 59,994 57,589 64,591 58,644 64,777 Official creditors 18,267 29,013 26,896 23,639 21,975 24,103 19,831 19,619 Multilateral 10,469 13,614 15,503 12,114 10,948 10,816 11,927 11,148 Concessional 619 1,009 1,206 1,414 1,700 1,781 1,844 1,571 Bilateral 7,798 15,398 11,393 11,525 11,026 13,287 7,904 8,471 Concessional 3,319 6,130 5,239 5,760 5,898 7,199 4,602 5,383 Private creditors 28,139 31,441 39,267 36,355 35,614 40,487 38,813 45,158 Bonds 4,341 16,271 26,185 25,754 26,486 31,029 29,125 30,534 Commercial banks 17,277 8,247 9,334 8,122 7,061 7,805 8,070 12,515 Private nonguaranteed 4,540 11,374 32,748 27,009 26,462 28,301 45,025 55,204 Bonds 3 3,172 7,987 7,499 8,567 9,590 15,304 17,622 Commercial banks and other 4,537 8,202 24,761 19,510 17,895 18,711 29,721 37,582 Memo: IBRD 6,863 7,932 7,652 5,108 4,121 4,156 4,938 4,902 IDA 301 503 576 704 891 898 842 614 3 ALL DEVELOPING COUNTRIES (US$ million, unless otherwise indicated) 1990 1995 2000 2003 2004 2005 2006 2007 6. CURRENCY COMPOSITION OF LONG-TERM DEBT (PERCENT) Euro .. .. .. .. 19.0 16.6 18.7 .. Japanese yen 10.8 13.1 11.8 10.9 10.4 10.0 10.3 .. Pound sterling 2.4 1.6 1.0 1.3 1.4 1.2 1.1 .. Swiss franc 2.1 1.2 0.5 0.6 0.6 0.7 0.7 .. U.S.dollars 43.8 47.1 61.9 61.1 60.7 63.6 61.5 .. 7. DEBT RESTRUCTURINGS Total amount rescheduled 79,064 31,795 60,679 11,330 7,566 31,095 2,962 .. Debt stock rescheduled 61,849 6,900 23,193 3,097 1,091 24,298 286 .. Principal rescheduled 10,005 15,576 20,736 6,102 4,609 2,962 898 .. Official 5,766 6,983 17,062 5,480 4,474 2,648 357 .. Private 4,240 8,592 3,674 621 135 314 541 .. Interest rescheduled 5,796 5,220 13,958 1,156 1,414 987 163 .. Official 4,577 2,278 11,163 1,035 1,006 942 155 .. Private 1,219 2,942 2,795 121 408 45 8 .. Debt forgiven 12,621 2,244 931 2,038 4,819 10,018 15,550 .. Memo: interest forgiven 2,890 962 1,949 675 1,528 11,367 631 .. Debt stock reduction 26,145 4,220 41,630 2,780 5,811 40,905 50,087 .. of which debt buyback 4,359 162 17,016 0 0 0 0 .. 8. DEBT STOCK-FLOW RECONCILIATION Total change in debt stocks 98,427 173,992 -60,352 217,926 180,783 -12,096 243,511 .. Net flows on debt 56,171 147,328 -59 72,761 127,714 152,580 231,350 409,043 Cross-currency valuation 46,154 1,633 -52,725 86,650 37,830 -79,493 -771 .. 9. AVERAGE TERMS OF NEW COMMITMENTS ALL CREDITORS Interest (%) 7.0 6.1 7.0 4.7 4.5 5.0 4.9 .. Maturity (years) 17.1 13.9 14.0 14.0 15.1 16.2 17.6 .. Grace period (years) 5.8 4.6 7.2 7.0 7.5 8.2 9.0 .. Grant element (%) 20.6 21.4 15.5 28.5 31.3 31.1 32.6 .. Official creditors Interest (%) 5.5 5.8 4.8 2.8 2.5 3.5 3.9 .. Maturity (years) 22.4 19.1 20.1 20.4 22.9 21.7 22.7 .. Grace period (years) 6.6 5.3 5.2 5.4 6.0 5.7 6.2 .. Grant element (%) 33.2 28.6 33.8 46.8 51.8 44.5 42.9 .. Private creditors Interest (%) 8.5 6.5 8.1 5.7 5.6 5.9 5.7 .. Maturity (years) 11.6 7.5 10.9 10.6 10.7 12.5 13.8 .. Grace period (years) 4.9 3.8 8.2 7.9 8.3 9.9 11.1 .. Grant element (%) 7.2 12.7 5.9 18.6 20.0 22.2 24.9 .. 10. GRAPH OF SELECTED INDICATORS (current prices, US$ billion) Distribution of debt Non-debt flows Grants 80.0 (%) 180.0 2007 70.0 160.0 2006 60.0 140.0 50.0 2005 120.0 100.0 40.0 2004 80.0 30.0 2003 60.0 20.0 2002 40.0 10.0 20.0 2001 0.0 0.0 2001 2002 2003 2004 2005 2006 2007 0.0 200.0 400.0 600.0 800.0 2001 2002 2003 2004 2005 2006 2007 Official to LT debt Private to LT debt FDI Portfolio equity Debt forgiveness grants Grants 4 EAST ASIA AND PACIFIC (US$ million, unless otherwise indicated) 1990 1995 2000 2003 2004 2005 2006 2007 1. SUMMARY DEBT DATA TOTAL DEBT STOCKS (EDT) 234,080 455,619 497,748 541,619 587,720 614,138 659,985 715,635 Long-term debt (LDOD) 194,621 345,443 418,659 389,057 403,734 386,959 413,422 437,303 Public and publicly guaranteed 172,986 255,393 271,222 266,542 268,204 254,090 255,163 255,436 Private nonguaranteed 21,635 90,050 147,438 122,516 135,530 132,869 158,260 181,867 Use of IMF credit 2,085 1,337 16,452 12,131 10,964 8,545 239 213 Short-term debt 37,374 108,839 62,637 140,431 173,023 218,634 246,324 278,119 of which interest arrears on LDOD 1,885 2,952 5,334 8,448 8,467 8,849 8,822 .. Official creditors 1,135 2,375 657 980 993 977 944 .. Private creditors 751 577 4,677 7,468 7,474 7,872 7,877 .. Memorandum items Principal arrears on LDOD 2,965 10,943 7,415 14,824 15,931 15,842 15,886 .. Official creditors 1,790 10,215 4,184 5,139 5,281 5,212 5,388 .. Private creditors 1,175 727 3,231 9,685 10,650 10,630 10,497 .. TOTAL DEBT FLOWS Disbursements 29,503 59,109 41,420 56,080 61,299 68,739 70,552 87,626 Long-term debt 29,445 58,907 39,927 54,126 61,299 68,739 70,552 87,625 IMF purchases 58 203 1,493 1,954 0 0 0 1 Principal repayments 18,662 32,257 47,890 73,044 58,561 64,378 63,183 61,110 Long-term debt 17,377 31,866 47,622 70,555 56,925 62,781 54,704 61,083 IMF repurchases 1,286 390 267 2,489 1,636 1,597 8,479 27 Net flows on debt 18,636 54,074 -16,320 1,373 35,310 49,590 35,087 58,418 of which short-term debt 7,795 27,221 -9,850 18,526 32,572 45,229 27,718 31,900 Interest payments (INT) 12,509 20,625 25,186 18,961 19,875 18,287 22,729 29,360 Long-term debt 10,154 15,541 20,378 14,652 14,986 12,895 13,572 18,052 IMF charges 245 69 793 203 285 336 308 2 Short-term debt 2,110 5,015 4,015 4,105 4,603 5,056 8,848 11,306 Net transfers on debt 6,127 33,449 -41,505 -17,588 15,435 31,303 12,358 28,184 Total debt service paid (TDS) 31,172 52,882 73,075 92,005 78,436 82,665 85,912 90,471 Long-term debt 27,531 47,408 68,000 85,208 71,911 75,676 68,276 79,135 IMF repurchases and charges 1,531 459 1,060 2,692 1,921 1,933 8,788 29 Short-term debt (interest only) 2,110 5,015 4,015 4,105 4,603 5,056 8,848 11,306 2. OTHER NET RESOURCE FLOWS (LONG-TERM) Net flow of long-term debt (ex. IMF) 12,068 27,040 -7,695 -16,429 4,374 5,958 15,848 26,542 Foreign direct investment (net) 10,512 50,798 45,166 56,770 70,263 104,184 104,972 117,385 Portfolio equity flows 440 3,616 6,589 12,487 19,313 26,112 54,837 48,600 Grants (excluding technical coop.) 2,081 3,079 2,501 2,565 2,909 4,205 3,719 5,136 of which: Debt forgiveness grants .. .. 91 19 5 20 127 5 IDA grants .. .. .. 1 1 16 30 51 Memo: technical coop. grants 2,397 3,276 2,845 3,433 3,636 3,965 4,218 3,636 Interest on long-term debt 10,154 15,541 20,378 14,652 14,986 12,895 13,572 18,052 Profit remittances on FDI 5,159 15,885 31,681 32,653 40,617 47,096 56,306 .. 3. MAJOR ECONOMIC AGGREGATES Gross national income (GNI) 656,305 1,284,225 1,680,293 2,256,073 2,628,527 3,036,055 3,596,610 .. Exports of goods, serv. & inc. (XGS) 177,001 417,577 643,148 880,509 1,132,710 1,402,070 1,726,671 .. Worker remit. & comp. of employees 3,258 9,694 16,675 35,400 39,074 46,585 52,840 58,046 Imports of goods & services (MGS) 182,910 452,272 606,342 827,479 1,064,979 1,249,470 1,456,080 .. International reserves (RES) 71,348 167,801 283,042 565,514 802,624 1,020,349 1,315,689 .. Current account balance -3,156 -29,102 45,014 70,113 88,407 175,747 293,148 .. 4. DEBT INDICATORS EDT / XGS (%) 132.2 109.1 77.4 61.5 51.9 43.8 38.2 .. EDT / GNI (%) 35.7 35.5 29.6 24.0 22.4 20.2 18.4 .. TDS / XGS (%) 17.6 12.7 11.4 10.4 6.9 5.9 5.0 .. INT / XGS (%) 7.1 4.9 3.9 2.2 1.8 1.3 1.3 .. INT / GNI (%) 1.9 1.6 1.5 0.8 0.8 0.6 0.6 .. RES / EDT (%) 30.5 36.8 56.9 104.4 136.6 166.1 199.4 .. RES / MGS (months) 4.7 4.5 5.6 8.2 9.0 9.8 10.8 .. Short-term / EDT (%) 16.0 23.9 12.6 25.9 29.4 35.6 37.3 38.9 Concessional / EDT (%) 29.4 21.6 20.9 22.4 22.2 19.3 18.4 16.2 Multilateral / EDT (%) 14.9 11.8 13.2 12.4 11.3 10.5 10.1 9.2 5 EAST ASIA AND PACIFIC (US$ million, unless otherwise indicated) 1990 1995 2000 2003 2004 2005 2006 2007 5. LONG-TERM DEBT DEBT OUTSTANDING (LDOD) 194,621 345,443 418,659 389,057 403,734 386,959 413,422 437,303 Public and publicly guaranteed 172,986 255,393 271,222 266,542 268,204 254,090 255,163 255,436 Official creditors 104,718 159,556 171,254 178,904 183,892 171,271 172,979 169,098 Multilateral 34,976 53,615 65,765 67,386 66,427 64,370 66,428 65,883 Concessional 7,347 13,449 17,397 22,850 24,682 23,580 25,149 25,271 Bilateral 69,742 105,941 105,489 111,518 117,466 106,901 106,551 103,215 Concessional 61,559 84,982 86,754 98,221 106,027 94,816 95,974 90,446 Private creditors 68,268 95,837 99,968 87,638 84,311 82,819 82,184 86,338 Bonds 11,814 23,690 35,943 41,340 45,803 47,913 52,472 55,925 Commercial banks 35,213 39,430 32,715 21,435 16,494 15,655 12,445 19,987 Private nonguaranteed 21,635 90,050 147,438 122,516 135,530 132,869 158,260 181,867 Bonds 160 15,574 22,077 18,425 20,432 24,832 28,198 30,521 Commercial banks and other 21,476 74,476 125,361 104,091 115,098 108,038 130,062 151,346 Memo: IBRD 20,176 27,912 30,476 26,968 24,686 23,331 22,550 21,289 IDA 5,130 9,692 12,520 16,119 17,355 16,498 17,683 18,002 Public sector LDOD 172,442 254,004 270,841 265,786 267,267 252,676 253,736 237,796 Private sector LDOD 22,179 91,439 147,818 123,271 136,468 134,283 159,686 199,506 DISBURSEMENTS 29,445 58,907 39,927 54,126 61,299 68,739 70,552 87,625 Public and publicly guaranteed 19,604 38,010 26,481 18,547 24,262 21,008 23,644 27,506 Official creditors 10,106 17,659 15,605 9,669 9,506 9,131 11,085 9,893 Multilateral 4,711 6,135 6,942 5,077 4,316 5,145 5,939 3,784 Concessional 1,030 1,336 1,173 1,476 1,247 1,198 1,281 1,058 Bilateral 5,396 11,524 8,664 4,592 5,190 3,986 5,146 6,109 Concessional 4,592 6,039 7,482 3,824 4,515 3,695 4,943 5,027 Private creditors 9,498 20,351 10,875 8,878 14,757 11,877 12,560 17,614 Bonds 852 4,449 4,539 4,636 11,467 7,220 8,378 6,367 Commercial banks 4,090 8,713 2,539 3,533 2,603 3,119 1,423 11,146 Private nonguaranteed 9,841 20,897 13,446 35,579 37,037 47,731 46,908 60,119 Bonds 120 5,731 1,106 1,916 4,859 7,148 5,973 6,157 Commercial banks and other 9,721 15,166 12,341 33,662 32,178 40,583 40,935 53,962 Memo: IBRD 2,532 3,168 3,245 2,132 1,861 1,825 2,012 1,587 IDA 604 934 700 944 774 627 754 673 PRINCIPAL REPAYMENTS 17,377 31,866 47,622 70,555 56,925 62,781 54,704 61,083 Public and publicly guaranteed 14,808 21,662 23,409 30,952 25,816 23,410 22,275 23,322 Official creditors 4,266 8,353 10,245 16,373 13,142 10,332 10,243 12,183 Multilateral 2,032 3,094 4,062 7,649 6,055 4,608 4,676 4,309 Concessional 77 127 447 313 415 430 463 421 Bilateral 2,234 5,259 6,183 8,724 7,088 5,724 5,567 7,875 Concessional 1,071 3,124 4,812 4,947 5,378 4,150 4,330 8,992 Private creditors 10,542 13,309 13,164 14,579 12,674 13,079 12,032 11,139 Bonds 1,925 1,854 1,211 1,804 4,092 4,303 5,411 2,159 Commercial banks 5,395 5,317 7,159 8,947 5,997 5,053 2,270 2,061 Private nonguaranteed 2,569 10,204 24,213 39,604 31,109 39,370 32,429 37,761 Bonds 0 120 5,168 2,982 2,554 2,308 3,415 3,834 Commercial banks and other 2,569 10,084 19,045 36,621 28,555 37,062 29,014 33,927 Memo: IBRD 1,462 2,152 2,006 4,334 4,307 2,798 2,891 3,100 IDA 19 50 107 199 248 286 324 298 INTEREST PAYMENTS (LINT) 10,154 15,541 20,378 14,652 14,986 12,895 13,572 18,052 Public and publicly guaranteed 8,864 12,044 12,838 10,012 10,549 8,527 8,746 10,531 Official creditors 3,672 6,281 7,237 5,354 5,912 4,011 4,216 5,274 Multilateral 2,146 3,051 3,834 2,623 2,504 2,018 2,246 2,052 Concessional 63 125 146 166 197 205 202 164 Bilateral 1,526 3,230 3,403 2,731 3,408 1,993 1,970 3,222 Concessional 994 2,061 2,216 2,073 2,814 1,602 1,611 2,220 Private creditors 5,192 5,763 5,601 4,658 4,637 4,516 4,530 5,257 Bonds 923 1,238 2,300 2,718 3,016 3,224 3,529 3,275 Commercial banks 2,795 2,442 1,895 721 798 771 480 1,024 Private nonguaranteed 1,290 3,497 7,540 4,640 4,437 4,369 4,826 7,521 Bonds 2 503 1,942 1,363 1,269 1,772 2,018 2,153 Commercial banks and other 1,289 2,994 5,598 3,278 3,168 2,596 2,809 5,368 Memo: IBRD 1,521 1,999 2,146 1,461 1,204 1,028 1,168 1,211 IDA 34 69 87 104 130 133 131 109 6 EAST ASIA AND PACIFIC (US$ million, unless otherwise indicated) 1990 1995 2000 2003 2004 2005 2006 2007 6. CURRENCY COMPOSITION OF LONG-TERM DEBT (PERCENT) Euro .. .. .. .. 8.7 8.5 9.0 .. Japanese yen 29.1 28.2 28.3 27.9 28.4 27.3 25.9 .. Pound sterling 1.0 0.4 0.5 0.5 0.7 0.8 0.7 .. Swiss franc 1.0 0.5 0.2 0.3 0.3 0.3 0.2 .. U.S.dollars 23.6 36.7 55.9 55.9 54.1 55.7 57.1 .. 7. DEBT RESTRUCTURINGS Total amount rescheduled 1,478 314 2,468 3,086 0 2,809 3 .. Debt stock rescheduled 0 0 0 0 0 0 0 .. Principal rescheduled 848 170 2,268 2,515 0 1,376 0 .. Official 172 156 1,541 1,949 0 1,358 0 .. Private 676 14 727 566 0 18 0 .. Interest rescheduled 186 104 1 408 0 566 0 .. Official 107 104 1 342 0 555 0 .. Private 80 0 0 66 0 11 0 .. Debt forgiven 0 44 5 2 5 12 35 .. Memo: interest forgiven 0 7 1,631 0 0 6 4 .. Debt stock reduction 1,803 0 8,759 905 0 0 111 .. of which debt buyback 721 0 0 0 0 0 0 .. 8. DEBT STOCK-FLOW RECONCILIATION Total change in debt stocks 30,302 71,918 -41,132 25,124 46,101 26,418 45,847 .. Net flows on debt 18,636 54,074 -16,320 1,373 35,310 49,590 35,087 58,418 Cross-currency valuation 10,348 -1,773 -13,897 16,169 5,504 -15,773 3,733 .. 9. AVERAGE TERMS OF NEW COMMITMENTS ALL CREDITORS Interest (%) 6.5 5.9 5.7 3.6 4.2 4.9 5.2 .. Maturity (years) 19.6 15.8 17.4 15.3 14.7 15.5 20.5 .. Grace period (years) 5.4 5.0 5.2 5.5 6.8 7.7 7.6 .. Grant element (%) 24.4 23.8 26.0 35.0 33.5 30.1 32.4 .. Official creditors Interest (%) 4.9 5.3 3.8 1.9 2.2 3.1 4.5 .. Maturity (years) 24.6 22.0 26.8 25.6 25.2 24.6 23.4 .. Grace period (years) 7.1 5.6 6.3 5.5 6.7 6.5 6.3 .. Grant element (%) 38.7 32.7 46.5 57.6 57.4 50.3 39.3 .. Private creditors Interest (%) 8.3 6.4 6.8 4.8 5.3 5.9 6.1 .. Maturity (years) 14.1 9.6 11.7 8.2 8.7 10.7 16.8 .. Grace period (years) 3.5 4.4 4.5 5.5 6.8 8.3 9.3 .. Grant element (%) 8.6 14.9 13.7 19.3 20.0 19.3 23.8 .. 10. GRAPH OF SELECTED INDICATORS (current prices, US$ billion) Distribution of debt Non-debt flows Grants 70.0 (%) 6.0 2007 60.0 5.0 2006 50.0 2005 4.0 40.0 2004 3.0 30.0 2003 2.0 20.0 2002 10.0 1.0 2001 0.0 0.0 2001 2002 2003 2004 2005 2006 2007 0.0 50.0 100.0 150.0 200.0 2001 2002 2003 2004 2005 2006 2007 Official to LT debt Private to LT debt FDI Portfolio equity Debt forgiveness grants Grants 7 EUROPE AND CENTRAL ASIA (US$ million, unless otherwise indicated) 1990 1995 2000 2003 2004 2005 2006 2007 1. SUMMARY DEBT DATA TOTAL DEBT STOCKS (EDT) 210,841 331,945 487,094 646,853 750,161 822,665 1,047,027 1,268,535 Long-term debt (LDOD) 172,395 276,227 388,477 486,641 577,460 636,392 811,269 976,963 Public and publicly guaranteed 167,474 259,527 275,232 288,717 310,133 266,779 261,993 284,402 Private nonguaranteed 4,921 16,699 113,245 197,924 267,327 369,613 549,276 692,561 Use of IMF credit 1,305 16,851 21,932 35,315 30,735 18,810 13,333 9,578 Short-term debt 37,141 38,868 76,686 124,896 141,966 167,463 222,425 281,994 of which interest arrears on LDOD 13,041 8,025 8,671 5,380 4,160 4,205 1,676 .. Official creditors 6,573 2,133 7,077 3,461 3,300 3,372 736 .. Private creditors 6,468 5,892 1,594 1,919 860 833 940 .. Memorandum items Principal arrears on LDOD 6,324 29,193 14,533 8,038 4,265 4,230 3,586 .. Official creditors 4,584 8,113 10,978 4,410 2,292 2,304 1,283 .. Private creditors 1,740 21,081 3,556 3,628 1,973 1,926 2,303 .. TOTAL DEBT FLOWS Disbursements 27,955 32,827 63,370 107,925 174,600 225,774 317,659 332,602 Long-term debt 27,207 24,704 59,001 105,436 172,958 222,984 314,486 329,602 IMF purchases 747 8,123 4,369 2,489 1,642 2,789 3,173 2,532 Principal repayments 19,203 21,057 49,899 85,446 115,783 158,963 176,849 170,463 Long-term debt 18,471 18,011 44,826 80,963 108,250 146,379 167,454 163,762 IMF repurchases 732 3,046 5,074 4,483 7,533 12,585 9,395 6,564 Net flows on debt 1,647 18,606 21,738 53,173 77,106 92,262 198,302 222,110 of which short-term debt -7,104 6,836 8,267 30,418 18,289 25,452 57,492 59,971 Interest payments (INT) 11,648 13,752 22,117 24,969 28,646 33,478 42,494 55,338 Long-term debt 9,352 11,554 17,343 21,017 23,026 26,431 33,732 43,217 IMF charges 128 706 1,079 803 1,201 1,125 939 300 Short-term debt 2,169 1,493 3,695 3,150 4,418 5,922 7,823 11,868 Net transfers on debt -10,001 4,853 -379 28,222 48,461 58,784 155,808 157,420 Total debt service paid (TDS) 30,852 34,809 72,016 110,415 144,428 192,441 219,344 225,801 Long-term debt 27,823 29,565 62,168 101,979 131,276 172,810 201,186 207,116 IMF repurchases and charges 860 3,752 6,152 5,286 8,735 13,710 10,334 6,864 Short-term debt (interest only) 2,169 1,493 3,695 3,150 4,418 5,922 7,823 11,868 2. OTHER NET RESOURCE FLOWS (LONG-TERM) Net flow of long-term debt (ex. IMF) 8,736 6,693 14,176 24,474 64,708 76,606 147,032 166,171 Foreign direct investment (net) 3,333 14,598 24,848 34,880 63,521 72,224 124,581 161,560 Portfolio equity flows 89 392 671 -714 5,103 7,906 11,085 20,700 Grants (excluding technical coop.) 1,007 9,138 7,963 7,989 9,634 3,982 4,345 4,025 of which: Debt forgiveness grants .. .. 128 240 35 212 713 37 IDA grants .. .. .. 0 2 16 36 57 Memo: technical coop. grants 421 4,530 2,631 4,025 4,015 2,593 2,708 2,187 Interest on long-term debt 9,352 11,554 17,343 21,017 23,026 26,431 33,732 43,217 Profit remittances on FDI 218 1,857 5,967 23,623 35,320 48,956 79,589 .. 3. MAJOR ECONOMIC AGGREGATES Gross national income (GNI) 1,068,136 980,629 888,265 1,291,005 1,645,650 2,023,759 2,425,257 .. Exports of goods, serv. & inc. (XGS) 0 285,840 379,225 548,033 721,905 888,567 1,094,819 .. Worker remit. & comp. of employees 3,246 7,928 13,083 16,746 21,267 29,554 35,385 38,634 Imports of goods & services (MGS) 0 300,265 374,977 565,196 737,971 886,769 1,119,669 .. International reserves (RES) 0 75,973 114,678 224,559 303,180 399,565 582,823 .. Current account balance -4,262 -2,367 18,695 4,312 11,832 29,880 9,015 .. 4. DEBT INDICATORS EDT / XGS (%) .. 116.1 128.4 118.0 103.9 92.6 95.6 .. EDT / GNI (%) 19.7 33.9 54.8 50.1 45.6 40.7 43.2 .. TDS / XGS (%) .. 12.2 19.0 20.1 20.0 21.7 20.0 .. INT / XGS (%) .. 4.8 5.8 4.6 4.0 3.8 3.9 .. INT / GNI (%) 1.1 1.4 2.5 1.9 1.7 1.7 1.8 .. RES / EDT (%) 0.0 22.9 23.5 34.7 40.4 48.6 55.7 .. RES / MGS (months) .. 3.0 3.7 4.8 4.9 5.4 6.2 .. Short-term / EDT (%) 17.6 11.7 15.7 19.3 18.9 20.4 21.2 22.2 Concessional / EDT (%) 6.0 7.2 5.1 4.9 4.5 3.4 2.8 2.4 Multilateral / EDT (%) 7.8 7.6 7.1 6.7 6.3 5.4 4.6 4.1 8 EUROPE AND CENTRAL ASIA (US$ million, unless otherwise indicated) 1990 1995 2000 2003 2004 2005 2006 2007 5. LONG-TERM DEBT DEBT OUTSTANDING (LDOD) 172,395 276,227 388,477 486,641 577,460 636,392 811,269 976,963 Public and publicly guaranteed 167,474 259,527 275,232 288,717 310,133 266,779 261,993 284,402 Official creditors 63,424 137,535 143,446 131,800 138,552 101,198 80,378 81,598 Multilateral 16,425 25,169 34,374 43,533 47,106 44,601 48,420 52,350 Concessional 920 1,728 3,677 6,420 7,816 8,768 10,399 11,666 Bilateral 46,999 112,365 109,073 88,266 91,446 56,597 31,959 29,248 Concessional 11,730 22,188 21,282 25,010 26,109 18,909 18,894 18,478 Private creditors 104,050 121,993 131,786 156,917 171,581 165,581 181,615 202,804 Bonds 11,840 45,796 90,954 112,349 125,483 125,281 139,286 155,042 Commercial banks 63,920 40,042 29,092 35,570 38,193 34,243 35,659 42,349 Private nonguaranteed 4,921 16,699 113,245 197,924 267,327 369,613 549,276 692,561 Bonds 16 149 6,983 18,203 30,595 50,442 79,299 114,285 Commercial banks and other 4,905 16,550 106,262 179,721 236,732 319,171 469,977 578,276 Memo: IBRD 10,271 15,573 22,457 26,772 27,322 24,860 25,638 26,025 IDA 157 669 2,667 4,589 5,555 5,548 6,188 6,770 Public sector LDOD 166,716 258,088 273,388 286,545 306,739 264,115 259,617 301,124 Private sector LDOD 5,679 18,139 115,090 200,096 270,721 372,277 551,653 675,839 DISBURSEMENTS 27,207 24,704 59,001 105,436 172,958 222,984 314,486 329,602 Public and publicly guaranteed 25,446 18,956 25,906 25,652 35,112 33,898 29,438 43,177 Official creditors 6,330 6,494 7,728 5,524 8,470 6,388 7,569 9,177 Multilateral 2,292 4,255 4,937 3,936 6,825 5,430 6,013 7,023 Concessional 14 413 471 1,037 1,145 1,712 1,217 1,140 Bilateral 4,038 2,239 2,791 1,587 1,646 958 1,557 2,154 Concessional 940 1,196 1,464 1,107 1,063 739 987 1,430 Private creditors 19,116 12,462 18,178 20,128 26,641 27,510 21,868 33,999 Bonds 1,959 5,771 10,713 13,305 19,839 23,431 16,664 22,401 Commercial banks 3,650 2,442 6,137 4,391 6,157 3,704 3,755 11,194 Private nonguaranteed 1,761 5,749 33,095 79,785 137,846 189,087 285,049 286,893 Bonds 0 0 1,375 7,905 15,610 22,685 28,477 46,015 Commercial banks and other 1,761 5,749 31,721 71,880 122,236 166,401 256,572 240,878 Memo: IBRD 1,218 2,621 3,098 1,440 2,978 2,182 2,924 1,975 IDA 0 370 351 494 745 420 412 360 PRINCIPAL REPAYMENTS 18,471 18,011 44,826 80,963 108,250 146,379 167,454 163,762 Public and publicly guaranteed 16,974 15,363 18,831 28,985 29,353 53,407 48,498 23,813 Official creditors 3,100 4,909 7,221 10,235 12,550 32,700 34,254 9,839 Multilateral 1,450 2,962 2,748 3,760 5,079 4,749 4,313 4,637 Concessional 23 66 33 82 96 80 113 208 Bilateral 1,651 1,947 4,474 6,475 7,471 27,951 29,941 5,202 Concessional 434 524 2,247 1,752 1,948 5,939 1,836 1,752 Private creditors 13,874 10,454 11,610 18,750 16,803 20,707 14,245 13,974 Bonds 66 3,747 5,641 11,276 10,615 15,409 9,367 7,948 Commercial banks 8,731 3,308 3,461 4,909 4,210 3,696 3,744 4,607 Private nonguaranteed 1,497 2,648 25,995 51,977 78,896 92,972 118,956 140,086 Bonds 0 0 930 1,052 1,189 2,523 1,871 8,495 Commercial banks and other 1,497 2,648 25,065 50,925 77,707 90,449 117,085 131,591 Memo: IBRD 1,133 1,191 1,300 2,540 3,279 3,302 2,988 2,569 IDA 4 6 6 8 13 23 38 50 INTEREST PAYMENTS (LINT) 9,352 11,554 17,343 21,017 23,026 26,431 33,732 43,217 Public and publicly guaranteed 8,910 10,890 11,793 14,193 14,298 14,598 14,581 14,981 Official creditors 2,204 4,678 3,935 5,035 4,598 4,543 3,973 3,191 Multilateral 1,182 1,471 1,855 1,458 1,397 1,670 1,861 2,146 Concessional 39 47 42 60 84 103 153 204 Bilateral 1,023 3,208 2,080 3,577 3,201 2,873 2,112 1,045 Concessional 246 754 623 633 661 543 594 456 Private creditors 6,706 6,212 7,858 9,158 9,700 10,055 10,608 11,790 Bonds 735 3,176 5,780 7,215 7,809 8,045 8,424 9,236 Commercial banks 4,584 1,740 1,493 1,547 1,533 1,696 1,909 2,238 Private nonguaranteed 441 664 5,550 6,824 8,728 11,833 19,151 28,236 Bonds 1 13 523 1,879 1,400 2,981 5,023 7,246 Commercial banks and other 440 651 5,027 4,945 7,328 8,853 14,128 20,990 Memo: IBRD 809 908 1,275 974 861 971 1,192 1,266 IDA 1 3 19 30 42 45 47 42 9 EUROPE AND CENTRAL ASIA (US$ million, unless otherwise indicated) 1990 1995 2000 2003 2004 2005 2006 2007 6. CURRENCY COMPOSITION OF LONG-TERM DEBT (PERCENT) Euro .. .. .. .. 37.1 33.7 38.9 .. Japanese yen 7.6 9.9 6.5 5.2 4.6 4.9 5.3 .. Pound sterling 1.8 1.1 0.7 0.8 1.1 1.2 1.8 .. Swiss franc 6.4 2.5 0.5 0.6 0.7 1.6 1.5 .. U.S.dollars 32.6 43.1 58.3 53.7 52.5 55.4 49.3 .. 7. DEBT RESTRUCTURINGS Total amount rescheduled 3,559 11,111 29,177 3,286 3,189 588 1,293 .. Debt stock rescheduled 0 225 19,307 4 937 487 0 .. Principal rescheduled 1,366 7,677 3,670 2,929 1,941 79 80 .. Official 746 4,026 2,991 2,923 1,939 78 79 .. Private 620 3,651 679 6 2 1 1 .. Interest rescheduled 2,163 1,381 4,389 357 362 14 41 .. Official 1,998 777 2,221 357 13 12 40 .. Private 165 604 2,168 0 349 2 1 .. Debt forgiven 232 0 12 7 34 221 105 .. Memo: interest forgiven 61 0 0 81 570 20 17 .. Debt stock reduction 1,779 146 12,545 46 1,497 6 544 .. of which debt buyback 882 30 943 0 0 0 0 .. 8. DEBT STOCK-FLOW RECONCILIATION Total change in debt stocks 19,660 21,692 10,046 109,635 103,308 72,504 224,362 .. Net flows on debt 1,647 18,606 21,738 53,173 77,106 92,262 198,302 222,110 Cross-currency valuation 9,846 6,501 -9,816 23,648 9,606 -20,682 12,134 .. 9. AVERAGE TERMS OF NEW COMMITMENTS ALL CREDITORS Interest (%) 8.4 6.1 7.4 4.7 4.5 3.8 4.4 .. Maturity (years) 12.0 11.4 11.7 11.0 11.4 15.5 14.1 .. Grace period (years) 6.2 5.2 6.6 5.7 7.2 11.0 9.8 .. Grant element (%) 8.8 19.4 11.7 26.7 28.4 40.1 34.4 .. Official creditors Interest (%) 7.8 5.8 5.9 4.2 3.1 2.6 3.8 .. Maturity (years) 13.7 16.7 17.7 16.5 18.3 20.7 19.5 .. Grace period (years) 5.9 5.2 5.4 3.7 6.3 6.8 6.2 .. Grant element (%) 12.4 25.4 26.5 34.3 45.9 50.5 40.8 .. Private creditors Interest (%) 8.6 6.4 8.1 5.0 4.9 4.3 4.6 .. Maturity (years) 11.3 7.1 9.2 8.2 9.6 13.4 12.1 .. Grace period (years) 6.4 5.1 7.1 6.6 7.5 12.7 11.2 .. Grant element (%) 7.3 14.5 5.8 22.9 23.6 36.1 32.1 .. 10. GRAPH OF SELECTED INDICATORS (current prices, US$ billion) Distribution of debt Non-debt flows Grants 100.0 (%) 12.0 2007 90.0 80.0 10.0 2006 70.0 2005 8.0 60.0 50.0 2004 6.0 40.0 2003 30.0 4.0 20.0 2002 2.0 10.0 2001 0.0 0.0 2001 2002 2003 2004 2005 2006 2007 -50.0 0.0 50.0 100.0 150.0 200.0 2001 2002 2003 2004 2005 2006 2007 Official to LT debt Private to LT debt FDI Portfolio equity Debt forgiveness grants Grants 10 LATIN AMERICA AND CARIBBEAN (US$ million, unless otherwise indicated) 1990 1995 2000 2003 2004 2005 2006 2007 1. SUMMARY DEBT DATA TOTAL DEBT STOCKS (EDT) 441,183 608,475 754,291 810,474 809,109 746,890 734,499 787,639 Long-term debt (LDOD) 349,907 458,985 634,478 672,582 665,674 625,222 627,543 651,871 Public and publicly guaranteed 325,162 371,682 392,543 448,447 459,219 417,152 397,231 398,162 Private nonguaranteed 24,745 87,303 241,935 224,135 206,456 208,070 230,312 253,709 Use of IMF credit 17,968 26,632 8,846 47,758 43,307 13,122 737 794 Short-term debt 73,308 122,859 110,967 90,135 100,128 108,546 106,219 134,974 of which interest arrears on LDOD 25,542 10,304 1,680 13,427 17,921 10,519 9,724 .. Official creditors 3,856 3,559 1,155 1,107 1,213 1,248 1,553 .. Private creditors 21,687 6,745 525 12,320 16,708 9,271 8,171 .. Memorandum items Principal arrears on LDOD 24,266 15,855 3,695 18,504 28,229 17,063 25,494 .. Official creditors 7,363 6,060 1,901 2,267 3,281 3,687 4,330 .. Private creditors 16,904 9,795 1,794 16,237 24,947 13,375 21,164 .. TOTAL DEBT FLOWS Disbursements 32,287 89,645 119,960 125,857 107,304 104,886 131,127 130,449 Long-term debt 27,554 73,873 116,450 101,728 103,076 104,293 130,563 129,935 IMF purchases 4,733 15,772 3,510 24,129 4,228 593 564 1 Principal repayments 21,782 43,143 124,164 112,000 116,803 121,401 149,298 100,699 Long-term debt 18,131 40,311 109,927 93,440 106,318 93,228 136,616 100,173 IMF repurchases 3,651 2,832 14,237 18,559 10,484 28,172 12,683 161 Net flows on debt 18,138 60,893 -5,098 16,153 -4,000 -695 -19,704 59,824 of which short-term debt 7,633 14,391 -894 2,296 5,499 15,820 -1,532 29,377 Interest payments (INT) 21,708 35,916 54,970 40,803 39,911 40,148 45,485 45,260 Long-term debt 17,911 28,423 47,424 35,990 34,166 34,078 40,303 40,613 IMF charges 1,435 1,100 777 1,323 1,881 1,732 330 27 Short-term debt 2,362 6,393 6,769 3,490 3,863 4,338 4,852 4,662 Net transfers on debt -3,570 24,976 -60,068 -24,650 -43,910 -40,843 -65,189 9,214 Total debt service paid (TDS) 43,490 79,060 179,134 152,803 156,713 161,548 194,784 145,959 Long-term debt 36,042 68,734 157,351 129,430 140,485 127,306 176,919 141,152 IMF repurchases and charges 5,086 3,933 15,014 19,882 12,365 29,904 13,013 188 Short-term debt (interest only) 2,362 6,393 6,769 3,490 3,863 4,338 4,852 4,662 2. OTHER NET RESOURCE FLOWS (LONG-TERM) Net flow of long-term debt (ex. IMF) 9,424 33,562 6,523 8,288 -3,242 11,065 -6,053 29,911 Foreign direct investment (net) 8,121 30,202 79,491 42,272 64,580 70,401 70,457 107,176 Portfolio equity flows 2,464 5,216 -566 3,288 -586 12,461 11,440 28,100 Grants (excluding technical coop.) 2,262 3,271 2,471 3,073 5,027 5,002 8,075 6,470 of which: Debt forgiveness grants .. .. 86 394 1,540 1,092 4,240 383 IDA grants .. .. .. 0 0 24 24 32 Memo: technical coop. grants 1,942 2,692 2,739 3,620 3,734 3,497 3,907 3,250 Interest on long-term debt 17,911 28,423 47,424 35,990 34,166 34,078 40,303 40,613 Profit remittances on FDI 7,323 14,909 22,628 25,116 36,816 51,191 70,577 .. 3. MAJOR ECONOMIC AGGREGATES Gross national income (GNI) 1,050,458 1,692,654 1,942,519 1,734,007 2,011,648 2,437,279 2,842,935 .. Exports of goods, serv. & inc. (XGS) 182,295 301,292 459,381 483,970 589,640 708,853 846,219 .. Worker remit. & comp. of employees 5,721 13,335 19,987 35,196 41,513 48,319 56,858 59,911 Imports of goods & services (MGS) 189,189 343,894 511,145 480,359 574,713 681,366 808,520 .. International reserves (RES) 58,057 138,616 158,406 197,584 222,954 257,309 312,791 .. Current account balance -1,539 -38,221 -48,017 7,864 20,125 33,870 46,566 .. 4. DEBT INDICATORS EDT / XGS (%) 242.0 202.0 164.2 167.5 137.2 105.4 86.8 .. EDT / GNI (%) 42.0 35.9 38.8 46.7 40.2 30.6 25.8 .. TDS / XGS (%) 23.9 26.2 39.0 31.6 26.6 22.8 23.0 .. INT / XGS (%) 11.9 11.9 12.0 8.4 6.8 5.7 5.4 .. INT / GNI (%) 2.1 2.1 2.8 2.4 2.0 1.6 1.6 .. RES / EDT (%) 13.2 22.8 21.0 24.4 27.6 34.5 42.6 .. RES / MGS (months) 3.7 4.8 3.7 4.9 4.7 4.5 4.6 .. Short-term / EDT (%) 16.6 20.2 14.7 11.1 12.4 14.5 14.5 17.1 Concessional / EDT (%) 5.4 6.2 4.0 4.2 4.3 4.2 3.8 3.0 Multilateral / EDT (%) 13.5 11.8 12.2 13.1 13.0 13.8 13.0 11.8 11 LATIN AMERICA AND CARIBBEAN (US$ million, unless otherwise indicated) 1990 1995 2000 2003 2004 2005 2006 2007 5. LONG-TERM DEBT DEBT OUTSTANDING (LDOD) 349,907 458,985 634,478 672,582 665,674 625,222 627,543 651,871 Public and publicly guaranteed 325,162 371,682 392,543 448,447 459,219 417,152 397,231 398,162 Official creditors 120,562 158,842 139,526 147,050 143,005 133,041 122,038 116,804 Multilateral 59,658 72,000 92,191 106,136 105,584 102,741 95,253 92,718 Concessional 5,791 7,776 10,205 13,333 14,496 14,553 11,555 8,929 Bilateral 60,904 86,842 47,335 40,914 37,421 30,300 26,784 24,086 Concessional 18,056 30,250 20,187 20,688 20,153 17,044 16,055 14,971 Private creditors 204,600 212,839 253,017 301,397 316,214 284,111 275,193 281,358 Bonds 75,572 165,105 212,406 238,318 249,651 216,464 203,652 204,000 Commercial banks 100,962 34,433 32,175 58,108 61,701 63,217 68,495 74,880 Private nonguaranteed 24,745 87,303 241,935 224,135 206,456 208,070 230,312 253,709 Bonds 171 33,829 60,325 80,595 69,833 74,487 80,608 86,563 Commercial banks and other 24,574 53,474 181,609 143,540 136,623 133,583 149,704 167,146 Memo: IBRD 34,683 36,299 37,429 37,448 36,408 34,958 31,736 31,058 IDA 1,090 2,103 3,168 4,370 4,888 4,782 1,256 1,675 Public sector LDOD 321,797 369,716 389,603 445,580 456,587 414,764 395,119 397,429 Private sector LDOD 28,110 89,269 244,875 227,002 209,087 210,458 232,424 254,442 DISBURSEMENTS 27,554 73,873 116,450 101,728 103,076 104,293 130,563 129,935 Public and publicly guaranteed 22,857 46,343 58,385 60,181 54,330 55,546 49,286 44,313 Official creditors 13,105 23,540 16,429 19,047 12,506 12,853 16,254 9,653 Multilateral 8,924 9,833 13,526 17,188 10,518 10,476 14,369 7,367 Concessional 447 760 666 1,566 1,323 1,044 919 688 Bilateral 4,182 13,708 2,903 1,859 1,988 2,377 1,885 2,286 Concessional 1,947 1,336 1,665 1,400 1,581 1,487 1,113 1,505 Private creditors 9,751 22,802 41,956 41,134 41,824 42,693 33,032 34,660 Bonds 1,938 13,654 34,192 26,660 24,790 27,561 19,725 21,149 Commercial banks 4,746 7,416 6,987 13,443 16,141 14,503 12,797 13,213 Private nonguaranteed 4,698 27,530 58,065 41,547 48,746 48,747 81,277 86,135 Bonds 171 7,412 8,312 7,994 11,623 15,066 17,459 21,446 Commercial banks and other 4,527 20,118 49,753 33,553 37,123 33,682 63,818 64,690 Memo: IBRD 6,114 4,624 5,595 6,361 4,333 3,550 5,570 2,337 IDA 118 228 194 323 391 298 170 105 PRINCIPAL REPAYMENTS 18,131 40,311 109,927 93,440 106,318 93,228 136,616 100,173 Public and publicly guaranteed 15,960 27,615 51,899 50,687 46,006 43,456 79,331 41,056 Official creditors 6,421 14,515 16,763 19,762 16,316 16,290 24,323 14,258 Multilateral 4,727 8,309 9,757 15,024 11,901 10,861 19,203 9,494 Concessional 146 278 251 301 358 341 430 477 Bilateral 1,694 6,206 7,006 4,739 4,415 5,429 5,121 4,764 Concessional 184 1,035 1,271 1,440 1,521 2,495 1,395 2,359 Private creditors 9,539 13,100 35,136 30,925 29,690 27,166 55,008 26,797 Bonds 1,912 5,833 26,575 18,426 16,513 16,060 40,971 19,205 Commercial banks 5,100 4,243 6,967 10,903 12,294 10,365 12,879 6,721 Private nonguaranteed 2,171 12,696 58,027 42,753 60,313 49,772 57,285 59,482 Bonds 0 3,922 8,849 5,262 20,175 10,583 13,165 15,271 Commercial banks and other 2,171 8,775 49,179 37,491 40,138 39,189 44,120 44,212 Memo: IBRD 3,297 4,974 3,798 7,103 5,629 4,561 9,143 3,164 IDA 9 21 16 22 57 34 42 18 INTEREST PAYMENTS (LINT) 17,911 28,423 47,424 35,990 34,166 34,078 40,303 40,613 Public and publicly guaranteed 15,677 22,594 29,355 22,294 22,433 24,270 24,654 24,732 Official creditors 5,432 8,841 8,506 6,606 5,615 5,538 5,925 5,426 Multilateral 4,106 4,846 6,299 5,202 4,367 4,433 4,945 4,414 Concessional 101 149 157 164 215 236 271 267 Bilateral 1,325 3,995 2,208 1,404 1,247 1,105 979 1,012 Concessional 133 881 658 515 523 507 474 485 Private creditors 10,245 13,753 20,849 15,688 16,818 18,732 18,730 19,306 Bonds 2,365 11,254 16,859 12,431 13,470 15,187 14,927 15,544 Commercial banks 6,627 1,573 3,185 3,071 3,143 3,358 3,646 3,603 Private nonguaranteed 2,235 5,829 18,068 13,696 11,734 9,808 15,649 15,881 Bonds 0 2,597 5,185 4,111 5,700 4,487 7,481 6,990 Commercial banks and other 2,235 3,232 12,883 9,585 6,034 5,321 8,168 8,891 Memo: IBRD 2,533 2,651 2,801 1,884 1,471 1,507 1,813 1,637 IDA 7 22 15 21 38 34 23 11 12 LATIN AMERICA AND CARIBBEAN (US$ million, unless otherwise indicated) 1990 1995 2000 2003 2004 2005 2006 2007 6. CURRENCY COMPOSITION OF LONG-TERM DEBT (PERCENT) Euro .. .. .. .. 11.7 9.2 10.4 .. Japanese yen 6.2 8.2 6.6 5.0 4.6 3.4 3.0 .. Pound sterling 1.6 1.1 0.6 0.4 0.3 0.2 0.2 .. Swiss franc 1.0 0.6 0.3 0.2 0.2 0.1 0.1 .. U.S.dollars 59.6 62.1 73.7 77.7 78.3 82.5 82.1 .. 7. DEBT RESTRUCTURINGS Total amount rescheduled 63,474 7,922 5,146 3,453 571 25,998 34 .. Debt stock rescheduled 59,026 3,355 3,783 2,790 5 23,789 57 .. Principal rescheduled 2,793 1,023 819 80 425 365 531 .. Official 1,477 823 701 80 394 157 12 .. Private 1,316 200 118 0 31 208 519 .. Interest rescheduled 1,507 2,481 229 31 59 52 1 .. Official 960 641 210 31 49 32 0 .. Private 547 1,840 18 0 10 20 0 .. Debt forgiven 173 534 98 395 542 723 346 .. Memo: interest forgiven 259 734 20 199 226 11,136 459 .. Debt stock reduction 21,301 3,694 19,728 11 1,282 29,583 3,928 .. of which debt buyback 2,756 102 15,851 0 0 0 0 .. 8. DEBT STOCK-FLOW RECONCILIATION Total change in debt stocks 19,402 63,094 -13,664 42,374 -1,365 -62,219 -12,391 .. Net flows on debt 18,138 60,893 -5,098 16,153 -4,000 -695 -19,704 59,824 Cross-currency valuation 11,378 1,913 -9,904 17,700 9,706 -13,634 2,933 .. 9. AVERAGE TERMS OF NEW COMMITMENTS ALL CREDITORS Interest (%) 7.9 7.2 8.4 5.8 5.8 6.4 5.8 .. Maturity (years) 15.0 9.8 12.6 12.7 14.7 15.8 16.6 .. Grace period (years) 5.1 3.5 9.1 8.5 9.8 9.8 10.1 .. Grant element (%) 12.3 12.2 4.8 20.4 22.7 21.6 24.4 .. Official creditors Interest (%) 7.0 7.6 5.9 3.1 3.2 4.3 5.0 .. Maturity (years) 18.0 14.1 12.7 13.8 16.1 18.3 19.0 .. Grace period (years) 4.9 4.0 3.1 4.7 4.6 4.9 5.2 .. Grant element (%) 18.7 15.4 18.8 37.8 38.6 36.6 31.5 .. Private creditors Interest (%) 9.1 6.8 9.4 6.7 6.6 7.3 6.3 .. Maturity (years) 11.0 4.2 12.6 12.4 14.2 14.9 15.4 .. Grace period (years) 5.2 2.9 11.5 9.6 11.5 11.6 12.6 .. Grant element (%) 3.7 8.0 -0.8 15.1 17.5 16.0 20.7 .. 10. GRAPH OF SELECTED INDICATORS (current prices, US$ billion) Distribution of debt Non-debt flows Grants 90.0 (%) 14.0 2007 80.0 12.0 70.0 2006 10.0 60.0 2005 50.0 8.0 2004 40.0 6.0 30.0 2003 4.0 20.0 2002 2.0 10.0 2001 0.0 0.0 2001 2002 2003 2004 2005 2006 2007 -50.0 0.0 50.0 100.0 150.0 2001 2002 2003 2004 2005 2006 2007 Official to LT debt Private to LT debt FDI Portfolio equity Debt forgiveness grants Grants 13 MIDDLE EAST AND NORTH AFRICA (US$ million, unless otherwise indicated) 1990 1995 2000 2003 2004 2005 2006 2007 1. SUMMARY DEBT DATA TOTAL DEBT STOCKS (EDT) 139,541 167,325 145,226 159,950 170,150 148,884 141,318 151,308 Long-term debt (LDOD) 118,031 146,602 121,199 137,746 142,833 124,593 116,510 125,642 Public and publicly guaranteed 116,831 142,996 115,470 132,334 135,336 116,216 108,074 112,902 Private nonguaranteed 1,200 3,606 5,729 5,412 7,497 8,377 8,435 12,740 Use of IMF credit 1,815 2,177 2,542 1,831 1,378 547 423 366 Short-term debt 19,696 18,546 21,484 20,373 25,939 23,743 24,386 25,300 of which interest arrears on LDOD 2,878 2,294 2,666 2,784 2,914 632 653 .. Official creditors 1,647 1,982 2,523 2,625 2,750 484 500 .. Private creditors 1,231 312 143 159 164 148 153 .. Memorandum items Principal arrears on LDOD 8,187 8,667 11,095 12,794 13,504 4,963 4,999 .. Official creditors 3,579 6,645 10,033 11,676 12,366 3,905 3,911 .. Private creditors 4,608 2,022 1,062 1,118 1,138 1,058 1,088 .. TOTAL DEBT FLOWS Disbursements 13,324 12,123 9,651 12,460 14,444 14,733 11,103 21,231 Long-term debt 13,258 11,534 9,628 12,460 14,444 14,733 11,103 20,259 IMF purchases 65 590 24 0 0 0 0 1 Principal repayments 12,618 12,081 11,580 14,658 15,881 15,911 24,211 13,727 Long-term debt 12,221 11,691 11,342 14,098 15,370 15,165 24,061 12,629 IMF repurchases 397 390 238 560 511 745 150 135 Net flows on debt 2,330 3,683 -3,795 322 3,999 -1,091 -12,486 8,421 of which short-term debt 1,625 3,640 -1,866 2,520 5,436 87 622 917 Interest payments (INT) 5,980 7,773 6,231 6,103 5,639 5,812 5,689 6,390 Long-term debt 4,578 6,670 5,165 5,549 4,884 4,956 4,721 5,541 IMF charges 180 112 130 35 35 32 14 9 Short-term debt 1,221 991 936 519 720 825 954 840 Net transfers on debt -3,649 -4,091 -10,026 -5,781 -1,640 -6,903 -18,175 2,061 Total debt service paid (TDS) 18,598 19,854 17,811 20,761 21,520 21,723 29,900 20,117 Long-term debt 16,799 18,361 16,507 19,648 20,254 20,121 28,782 19,133 IMF repurchases and charges 577 501 368 595 546 777 164 144 Short-term debt (interest only) 1,221 991 936 519 720 825 954 840 2. OTHER NET RESOURCE FLOWS (LONG-TERM) Net flow of long-term debt (ex. IMF) 1,037 -157 -1,714 -1,638 -926 -433 -12,958 7,639 Foreign direct investment (net) 741 952 4,826 8,206 7,111 14,407 27,503 30,515 Portfolio equity flows 5 32 243 221 866 2,626 1,971 2,100 Grants (excluding technical coop.) 8,094 2,333 3,059 3,599 4,528 3,712 5,587 4,068 of which: Debt forgiveness grants .. .. 296 208 185 208 207 47 IDA grants .. .. .. 1 3 5 5 3 Memo: technical coop. grants 2,513 2,313 1,555 2,094 1,799 2,189 2,243 1,888 Interest on long-term debt 4,578 6,670 5,165 5,549 4,884 4,956 4,721 5,541 Profit remittances on FDI 1,004 1,448 2,519 3,451 5,228 7,459 7,878 .. 3. MAJOR ECONOMIC AGGREGATES Gross national income (GNI) 233,003 286,476 381,573 436,351 496,550 567,859 645,227 .. Exports of goods, serv. & inc. (XGS) 90,383 104,623 140,048 176,833 212,426 248,984 287,671 .. Worker remit. & comp. of employees 11,432 12,732 12,069 19,920 22,610 23,576 26,083 28,480 Imports of goods & services (MGS) 88,042 97,092 112,641 133,833 164,969 190,421 216,298 .. International reserves (RES) 17,195 39,882 51,587 97,676 112,307 134,791 174,071 .. Current account balance 6,795 549 15,781 3,111 1,970 3,522 6,083 .. 4. DEBT INDICATORS EDT / XGS (%) 154.4 159.9 103.7 90.5 80.1 59.8 49.1 .. EDT / GNI (%) 59.9 58.4 38.1 36.7 34.3 26.2 21.9 .. TDS / XGS (%) 20.6 19.0 12.7 11.7 10.1 8.7 10.4 .. INT / XGS (%) 6.6 7.4 4.4 3.5 2.7 2.3 2.0 .. INT / GNI (%) 2.6 2.7 1.6 1.4 1.1 1.0 0.9 .. RES / EDT (%) 12.3 23.8 35.5 61.1 66.0 90.5 123.2 .. RES / MGS (months) 2.3 4.9 5.5 8.8 8.2 8.5 9.7 .. Short-term / EDT (%) 14.1 11.1 14.8 12.7 15.2 15.9 17.3 16.7 Concessional / EDT (%) 31.2 33.8 39.6 38.1 36.1 31.9 33.9 31.8 Multilateral / EDT (%) 11.2 13.8 16.1 16.4 15.5 16.2 16.5 17.5 14 MIDDLE EAST AND NORTH AFRICA (US$ million, unless otherwise indicated) 1990 1995 2000 2003 2004 2005 2006 2007 5. LONG-TERM DEBT DEBT OUTSTANDING (LDOD) 118,031 146,602 121,199 137,746 142,833 124,593 116,510 125,642 Public and publicly guaranteed 116,831 142,996 115,470 132,334 135,336 116,216 108,074 112,902 Official creditors 71,044 105,670 88,138 94,400 94,171 75,265 67,600 70,096 Multilateral 15,606 23,112 23,352 26,213 26,370 24,099 23,330 26,419 Concessional 3,573 5,375 7,830 8,988 9,279 9,233 9,167 9,782 Bilateral 55,437 82,559 64,785 68,187 67,801 51,166 44,270 43,677 Concessional 40,005 51,213 49,690 51,995 52,188 38,323 38,749 38,373 Private creditors 45,787 37,326 27,332 37,934 41,165 40,952 40,475 42,806 Bonds 1,683 2,036 7,600 17,466 20,422 21,906 22,653 24,848 Commercial banks 15,236 11,767 9,879 8,297 8,243 8,299 7,685 9,655 Private nonguaranteed 1,200 3,606 5,729 5,412 7,497 8,377 8,435 12,740 Bonds 0 50 836 796 1,296 1,561 1,380 2,130 Commercial banks and other 1,200 3,556 4,893 4,616 6,201 6,816 7,055 10,610 Memo: IBRD 8,300 10,671 7,667 7,827 7,434 6,757 6,144 7,400 IDA 1,774 2,105 2,685 3,196 3,415 3,344 3,616 3,799 Public sector LDOD 116,448 142,375 114,304 130,435 133,350 114,111 105,925 111,250 Private sector LDOD 1,583 4,227 6,895 7,310 9,483 10,482 10,585 14,392 DISBURSEMENTS 13,258 11,534 9,628 12,460 14,444 14,733 11,103 20,259 Public and publicly guaranteed 13,199 11,066 8,514 10,980 13,129 11,910 9,491 14,624 Official creditors 5,721 6,041 3,355 4,475 3,895 4,589 3,947 6,745 Multilateral 2,380 3,561 1,871 2,910 2,546 3,280 2,750 4,508 Concessional 242 815 525 644 760 845 757 1,087 Bilateral 3,341 2,480 1,484 1,565 1,350 1,310 1,196 2,237 Concessional 1,864 2,129 781 1,350 1,132 1,033 1,046 2,595 Private creditors 7,478 5,025 5,159 6,505 9,234 7,320 5,544 7,879 Bonds 0 888 2,031 2,675 5,754 3,895 3,547 3,878 Commercial banks 727 1,006 1,347 1,215 1,376 2,229 1,464 3,503 Private nonguaranteed 59 468 1,113 1,480 1,315 2,823 1,613 6,607 Bonds 0 50 115 160 750 530 25 750 Commercial banks and other 59 418 998 1,320 565 2,293 1,588 5,857 Memo: IBRD 1,164 1,455 532 577 439 895 739 1,675 IDA 37 128 118 148 177 202 225 126 PRINCIPAL REPAYMENTS 12,221 11,691 11,342 14,098 15,370 15,165 24,061 12,629 Public and publicly guaranteed 12,081 11,219 10,599 12,549 14,182 13,350 22,386 11,084 Official creditors 4,257 7,393 5,863 6,358 7,406 7,558 15,381 5,267 Multilateral 1,304 2,049 2,039 3,281 3,491 3,489 4,559 2,144 Concessional 141 186 377 571 560 620 1,062 631 Bilateral 2,954 5,343 3,824 3,077 3,914 4,069 10,822 3,123 Concessional 1,597 710 1,478 1,842 2,376 2,474 2,674 3,153 Private creditors 7,824 3,826 4,736 6,191 6,776 5,792 7,005 5,818 Bonds 76 278 896 1,981 2,941 1,883 2,810 1,722 Commercial banks 1,956 790 1,455 2,305 1,649 1,729 2,438 1,676 Private nonguaranteed 140 472 743 1,549 1,188 1,816 1,675 2,507 Bonds 0 0 50 165 250 265 206 206 Commercial banks and other 140 472 693 1,384 938 1,551 1,469 2,301 Memo: IBRD 761 1,118 872 958 1,148 1,030 1,673 701 IDA 14 28 45 68 73 76 82 71 INTEREST PAYMENTS (LINT) 4,578 6,670 5,165 5,549 4,884 4,956 4,721 5,541 Public and publicly guaranteed 4,484 6,454 4,863 5,354 4,618 4,518 4,387 4,754 Official creditors 2,077 4,271 3,120 3,280 2,528 2,400 2,102 2,134 Multilateral 860 1,373 1,307 1,118 1,022 974 934 932 Concessional 56 116 188 233 243 254 237 243 Bilateral 1,217 2,898 1,813 2,162 1,506 1,425 1,168 1,202 Concessional 438 962 756 1,391 764 691 682 797 Private creditors 2,407 2,183 1,742 2,074 2,090 2,118 2,285 2,620 Bonds 124 88 474 1,372 1,352 1,366 1,476 1,649 Commercial banks 851 721 649 277 267 308 391 514 Private nonguaranteed 94 216 302 196 266 438 334 787 Bonds 0 0 69 73 87 111 105 137 Commercial banks and other 94 216 233 123 179 327 228 651 Memo: IBRD 598 750 603 392 323 309 297 306 IDA 12 15 20 22 28 28 27 24 15 MIDDLE EAST AND NORTH AFRICA (US$ million, unless otherwise indicated) 1990 1995 2000 2003 2004 2005 2006 2007 6. CURRENCY COMPOSITION OF LONG-TERM DEBT (PERCENT) Euro .. .. .. .. 30.5 30.1 32.2 .. Japanese yen 7.3 9.8 10.7 10.2 9.4 9.1 8.2 .. Pound sterling 1.7 1.2 0.8 1.5 1.6 1.6 1.6 .. Swiss franc 1.2 1.0 1.1 1.6 1.6 1.4 1.4 .. U.S.dollars 44.9 42.7 50.8 46.3 45.9 45.7 44.2 .. 7. DEBT RESTRUCTURINGS Total amount rescheduled 4,565 8,947 340 564 258 286 208 .. Debt stock rescheduled 2,732 3,178 0 0 0 0 0 .. Principal rescheduled 1,038 4,934 210 255 134 199 135 .. Official 678 696 167 234 113 114 116 .. Private 359 4,237 43 21 21 84 19 .. Interest rescheduled 218 526 73 176 96 88 73 .. Official 136 131 55 126 86 77 66 .. Private 82 395 19 51 10 11 7 .. Debt forgiven 10,614 357 179 58 116 67 124 .. Memo: interest forgiven 2,481 7 0 5 14 50 1 .. Debt stock reduction 0 13 120 8 30 9,832 0 .. of which debt buyback 0 0 85 0 0 0 0 .. 8. DEBT STOCK-FLOW RECONCILIATION Total change in debt stocks -3,781 6,966 -10,521 10,260 10,200 -21,266 -7,565 .. Net flows on debt 2,330 3,683 -3,795 322 3,999 -1,091 -12,486 8,421 Cross-currency valuation 5,331 2,151 -4,077 8,801 3,807 -7,700 4,287 .. 9. AVERAGE TERMS OF NEW COMMITMENTS ALL CREDITORS Interest (%) 7.4 5.9 5.9 3.3 4.6 4.5 5.3 .. Maturity (years) 13.7 14.8 13.1 13.9 11.9 13.2 16.4 .. Grace period (years) 4.0 4.5 4.8 4.6 4.9 5.1 7.2 .. Grant element (%) 15.8 22.8 23.0 33.9 28.5 30.0 29.6 .. Official creditors Interest (%) 5.5 5.3 4.6 3.6 2.8 3.1 3.9 .. Maturity (years) 21.5 18.1 18.7 17.4 19.0 19.4 21.8 .. Grace period (years) 6.3 5.0 5.3 4.5 5.0 5.3 6.4 .. Grant element (%) 32.4 28.7 34.5 38.3 45.8 44.4 42.5 .. Private creditors Interest (%) 8.8 7.0 7.0 3.0 5.9 5.7 6.9 .. Maturity (years) 7.9 9.2 8.4 10.3 7.4 7.6 10.9 .. Grace period (years) 2.3 3.6 4.4 4.8 4.8 4.9 8.1 .. Grant element (%) 3.4 12.6 13.4 29.4 17.3 17.1 16.3 .. 10. GRAPH OF SELECTED INDICATORS (current prices, US$ billion) Distribution of debt Non-debt flows Grants 80.0 (%) 7.0 2007 70.0 6.0 2006 60.0 5.0 50.0 2005 4.0 40.0 2004 3.0 30.0 2003 2.0 20.0 2002 10.0 1.0 2001 0.0 0.0 2001 2002 2003 2004 2005 2006 2007 -10.0 0.0 10.0 20.0 30.0 40.0 2001 2002 2003 2004 2005 2006 2007 Official to LT debt Private to LT debt FDI Portfolio equity Debt forgiveness grants Grants 16 SOUTH ASIA (US$ million, unless otherwise indicated) 1990 1995 2000 2003 2004 2005 2006 2007 1. SUMMARY DEBT DATA TOTAL DEBT STOCKS (EDT) 124,433 151,740 160,108 182,160 195,972 191,322 227,303 240,343 Long-term debt (LDOD) 107,562 137,436 152,131 171,999 183,336 177,292 209,636 219,962 Public and publicly guaranteed 105,835 129,135 133,617 146,937 153,655 142,031 126,989 158,506 Private nonguaranteed 1,727 8,301 18,514 25,062 29,680 35,261 82,647 61,455 Use of IMF credit 4,537 5,252 1,918 2,586 2,423 2,208 2,232 2,146 Short-term debt 12,333 9,051 6,059 7,575 10,214 11,822 15,435 18,235 of which interest arrears on LDOD 19 59 120 8 9 30 11 .. Official creditors 8 24 22 8 9 29 11 .. Private creditors 11 35 98 0 0 0 0 .. Memorandum items Principal arrears on LDOD 35 82 277 151 65 76 210 .. Official creditors 34 38 89 150 65 68 147 .. Private creditors 1 45 188 0 0 8 63 .. TOTAL DEBT FLOWS Disbursements 12,098 12,065 14,191 17,547 26,640 24,821 34,582 48,788 Long-term debt 10,223 11,863 13,997 16,897 26,226 24,565 34,411 48,783 IMF purchases 1,875 202 195 650 414 256 171 5 Principal repayments 5,258 11,599 9,784 17,927 20,522 20,492 13,364 15,077 Long-term debt 4,103 9,601 9,301 17,224 19,839 20,216 13,103 14,959 IMF repurchases 1,155 1,998 483 703 683 275 261 118 Net flows on debt 8,390 2,503 3,469 318 8,757 5,916 24,850 37,700 of which short-term debt 1,550 2,037 -938 697 2,639 1,587 3,632 3,989 Interest payments (INT) 6,046 6,520 5,655 7,254 4,598 7,686 8,634 8,792 Long-term debt 4,595 5,663 5,273 7,109 4,303 7,202 7,924 7,982 IMF charges 249 233 58 31 30 26 26 15 Short-term debt 1,202 624 323 114 265 457 684 796 Net transfers on debt 2,343 -4,017 -2,185 -6,936 4,158 -1,770 16,217 31,808 Total debt service paid (TDS) 11,304 18,119 15,439 25,181 25,120 28,178 21,997 23,869 Long-term debt 8,697 15,264 14,574 24,333 24,143 27,419 21,027 22,940 IMF repurchases and charges 1,404 2,231 541 734 713 301 287 133 Short-term debt (interest only) 1,202 624 323 114 265 457 684 796 2. OTHER NET RESOURCE FLOWS (LONG-TERM) Net flow of long-term debt (ex. IMF) 6,120 2,262 4,696 -327 6,386 4,348 21,307 33,824 Foreign direct investment (net) 542 2,931 4,358 5,383 7,586 9,965 22,916 28,864 Portfolio equity flows 1 1,585 2,381 8,049 8,990 12,399 10,428 35,400 Grants (excluding technical coop.) 2,425 2,554 2,269 5,342 5,742 7,094 6,610 6,209 of which: Debt forgiveness grants .. .. 209 1,111 314 75 270 54 IDA grants .. .. .. 65 99 270 207 121 Memo: technical coop. grants 1,574 1,581 1,062 1,995 2,040 2,910 2,439 2,182 Interest on long-term debt 4,595 5,663 5,273 7,109 4,303 7,202 7,924 7,982 Profit remittances on FDI 93 392 721 3,656 5,388 7,166 9,081 .. 3. MAJOR ECONOMIC AGGREGATES Gross national income (GNI) 400,525 473,538 603,637 768,592 885,231 1,015,458 1,148,583 .. Exports of goods, serv. & inc. (XGS) 41,150 71,062 105,844 150,722 185,063 237,191 292,805 .. Worker remit. & comp. of employees 5,572 10,005 17,212 30,366 28,694 33,091 39,779 43,802 Imports of goods & services (MGS) 53,492 86,693 116,952 142,522 192,498 258,802 318,633 .. International reserves (RES) 8,896 30,704 47,221 122,324 149,907 156,714 198,524 .. Current account balance -9,673 -10,880 -6,222 12,550 -991 -12,396 -16,576 .. 4. DEBT INDICATORS EDT / XGS (%) 302.4 213.5 151.3 120.9 105.9 80.7 77.6 .. EDT / GNI (%) 31.1 32.0 26.5 23.7 22.1 18.8 19.8 .. TDS / XGS (%) 27.5 25.5 14.6 16.7 13.6 11.9 7.5 .. INT / XGS (%) 14.7 9.2 5.3 4.8 2.5 3.2 2.9 .. INT / GNI (%) 1.5 1.4 0.9 0.9 0.5 0.8 0.8 .. RES / EDT (%) 7.1 20.2 29.5 67.2 76.5 81.9 87.3 .. RES / MGS (months) 2.0 4.3 4.8 10.3 9.3 7.3 7.5 .. Short-term / EDT (%) 9.9 6.0 3.8 4.2 5.2 6.2 6.8 7.6 Concessional / EDT (%) 54.5 54.8 50.2 52.8 50.9 49.5 44.5 41.2 Multilateral / EDT (%) 30.6 37.5 38.1 36.8 36.3 36.9 33.4 33.1 17 SOUTH ASIA (US$ million, unless otherwise indicated) 1990 1995 2000 2003 2004 2005 2006 2007 5. LONG-TERM DEBT DEBT OUTSTANDING (LDOD) 107,562 137,436 152,131 171,999 183,336 177,292 209,636 219,962 Public and publicly guaranteed 105,835 129,135 133,617 146,937 153,655 142,031 126,989 158,506 Official creditors 81,544 103,718 100,851 111,200 114,155 110,136 118,054 117,505 Multilateral 38,068 56,875 61,023 67,109 71,064 70,510 75,918 79,593 Concessional 26,757 39,246 44,397 55,022 58,950 57,312 60,850 62,790 Bilateral 43,475 46,844 39,828 44,091 43,091 39,626 42,136 37,913 Concessional 41,118 43,935 36,003 41,118 40,780 37,458 40,286 36,266 Private creditors 24,291 25,417 32,766 35,737 39,500 31,895 8,935 41,001 Bonds 2,613 3,421 10,903 8,045 9,320 2,394 4,245 6,187 Commercial banks 16,811 14,124 19,579 26,241 28,994 28,484 3,680 34,271 Private nonguaranteed 1,727 8,301 18,514 25,062 29,680 35,261 82,647 61,455 Bonds 0 1,065 1,560 1,136 3,820 7,318 9,521 11,749 Commercial banks and other 1,727 7,236 16,954 23,925 25,861 27,943 73,127 49,706 Memo: IBRD 9,646 13,035 10,210 6,943 7,326 7,795 8,321 8,724 IDA 21,071 29,001 31,963 40,343 43,386 42,833 45,444 48,615 Public sector LDOD 105,068 128,462 132,854 146,516 153,269 141,860 126,840 154,304 Private sector LDOD 2,494 8,975 19,277 25,483 30,067 35,432 82,796 65,658 DISBURSEMENTS 10,223 11,863 13,997 16,897 26,226 24,565 34,411 48,783 Public and publicly guaranteed 9,970 9,929 13,410 11,488 16,776 11,837 13,207 20,083 Official creditors 6,904 6,378 6,129 6,538 7,159 7,289 9,126 8,598 Multilateral 4,402 3,975 4,347 4,697 5,097 5,669 6,095 5,839 Concessional 2,327 2,280 2,390 2,585 3,296 3,467 3,387 3,224 Bilateral 2,501 2,403 1,782 1,842 2,062 1,619 3,031 2,758 Concessional 1,939 2,093 1,327 1,691 1,920 1,549 2,906 2,617 Private creditors 3,066 3,551 7,281 4,949 9,618 4,548 4,081 11,485 Bonds 427 86 5,512 1,348 4,210 1,444 3,500 4,810 Commercial banks 2,072 1,901 940 3,456 5,320 3,050 518 6,596 Private nonguaranteed 252 1,934 586 5,409 9,449 12,728 21,204 28,700 Bonds 0 520 0 210 2,920 4,825 2,404 3,150 Commercial banks and other 252 1,414 586 5,199 6,530 7,903 18,800 25,550 Memo: IBRD 1,576 860 866 920 819 1,155 1,045 1,083 IDA 1,558 1,374 1,655 1,909 2,712 2,616 2,345 2,299 PRINCIPAL REPAYMENTS 4,103 9,601 9,301 17,224 19,839 20,216 13,103 14,959 Public and publicly guaranteed 3,744 9,103 8,593 14,362 15,369 14,381 7,551 7,952 Official creditors 2,378 5,764 5,352 8,193 5,702 4,079 4,630 4,140 Multilateral 1,009 2,227 2,827 5,235 3,138 2,267 2,492 2,045 Concessional 239 470 800 1,135 1,271 1,318 1,611 1,256 Bilateral 1,369 3,537 2,525 2,957 2,564 1,812 2,138 2,095 Concessional 1,225 3,017 1,919 2,535 1,895 1,464 1,647 1,709 Private creditors 1,366 3,339 3,241 6,169 9,667 10,302 2,921 3,812 Bonds 280 319 50 4,299 2,950 8,234 1,648 2,860 Commercial banks 371 1,992 2,843 1,718 6,359 1,886 1,197 884 Private nonguaranteed 359 498 707 2,862 4,471 5,835 5,552 7,007 Bonds 0 0 35 358 85 903 0 922 Commercial banks and other 359 498 672 2,504 4,386 4,932 5,552 6,085 Memo: IBRD 553 1,173 1,232 2,148 515 535 567 580 IDA 151 318 548 828 897 963 1,074 907 INTEREST PAYMENTS (LINT) 4,595 5,663 5,273 7,109 4,303 7,202 7,924 7,982 Public and publicly guaranteed 4,447 5,000 4,392 5,620 3,191 5,698 3,279 6,628 Official creditors 2,179 2,933 2,265 1,850 1,736 1,741 2,163 2,117 Multilateral 1,065 1,640 1,366 948 814 947 1,182 1,071 Concessional 198 318 361 425 487 497 503 400 Bilateral 1,114 1,293 898 902 922 794 982 1,046 Concessional 952 1,113 686 802 786 702 890 929 Private creditors 2,268 2,067 2,127 3,769 1,455 3,957 1,116 4,511 Bonds 180 194 210 1,430 255 2,690 217 286 Commercial banks 1,806 1,315 1,809 2,310 1,175 1,251 888 4,202 Private nonguaranteed 148 663 881 1,490 1,112 1,504 4,644 1,354 Bonds 0 58 227 65 102 177 587 508 Commercial banks and other 148 604 655 1,424 1,010 1,327 4,057 846 Memo: IBRD 752 995 614 284 186 288 420 441 IDA 149 215 236 288 335 343 341 290 18 SOUTH ASIA (US$ million, unless otherwise indicated) 1990 1995 2000 2003 2004 2005 2006 2007 6. CURRENCY COMPOSITION OF LONG-TERM DEBT (PERCENT) Euro .. .. .. .. 6.3 6.0 7.4 .. Japanese yen 12.5 16.8 14.8 16.3 15.7 15.7 17.9 .. Pound sterling 5.0 3.6 2.8 2.2 2.0 1.8 1.8 .. Swiss franc 0.5 0.7 0.3 0.2 0.2 0.2 0.2 .. U.S.dollars 54.1 46.2 57.1 61.8 62.5 62.5 55.8 .. 7. DEBT RESTRUCTURINGS Total amount rescheduled 0 0 918 10 0 265 860 .. Debt stock rescheduled 0 0 29 0 0 0 0 .. Principal rescheduled 0 0 653 1 0 210 0 .. Official 0 0 575 1 0 210 0 .. Private 0 0 78 0 0 0 0 .. Interest rescheduled 0 0 236 7 0 5 0 .. Official 0 0 200 7 0 4 0 .. Private 0 0 37 0 0 0 0 .. Debt forgiven 0 7 9 115 146 2 89 .. Memo: interest forgiven 0 0 0 13 16 0 0 .. Debt stock reduction 0 0 0 702 563 0 10,433 .. of which debt buyback 0 0 0 0 0 0 0 .. 8. DEBT STOCK-FLOW RECONCILIATION Total change in debt stocks 13,105 -4,311 -1,957 12,864 13,812 -4,650 35,982 .. Net flows on debt 8,390 2,503 3,469 318 8,757 5,916 24,850 37,700 Cross-currency valuation 1,584 -8,069 -8,302 9,717 2,784 -8,273 2,626 .. 9. AVERAGE TERMS OF NEW COMMITMENTS ALL CREDITORS Interest (%) 4.7 4.0 4.6 1.7 2.2 2.7 3.5 .. Maturity (years) 24.2 22.8 13.0 24.7 24.6 23.1 24.1 .. Grace period (years) 7.8 7.1 5.4 7.2 7.0 6.9 7.5 .. Grant element (%) 40.2 42.4 27.8 58.9 56.0 50.7 48.0 .. Official creditors Interest (%) 3.7 3.7 5.0 1.5 1.8 2.4 3.2 .. Maturity (years) 28.9 25.8 23.4 27.6 29.2 27.1 25.3 .. Grace period (years) 8.1 7.6 6.3 7.6 7.6 7.5 7.0 .. Grant element (%) 51.0 47.1 36.5 64.3 63.7 57.8 51.0 .. Private creditors Interest (%) 6.8 5.8 4.3 3.2 3.7 4.1 4.9 .. Maturity (years) 14.8 6.0 5.4 6.5 7.1 4.2 18.5 .. Grace period (years) 7.1 3.9 4.6 4.6 4.8 3.9 10.3 .. Grant element (%) 18.8 15.7 21.5 25.7 26.4 17.2 33.5 .. 10. GRAPH OF SELECTED INDICATORS (current prices, US$ billion) Distribution of debt Non-debt flows Grants 70.0 (%) 8.0 2007 60.0 7.0 2006 50.0 6.0 2005 5.0 40.0 2004 4.0 30.0 2003 3.0 20.0 2.0 2002 10.0 1.0 2001 0.0 0.0 2001 2002 2003 2004 2005 2006 2007 0.0 20.0 40.0 60.0 80.0 2001 2002 2003 2004 2005 2006 2007 Official to LT debt Private to LT debt FDI Portfolio equity Debt forgiveness grants Grants 19 SUB-SAHARAN AFRICA (US$ million, unless otherwise indicated) 1990 1995 2000 2003 2004 2005 2006 2007 1. SUMMARY DEBT DATA TOTAL DEBT STOCKS (EDT) 176,548 236,293 211,948 230,405 239,132 216,250 173,526 193,761 Long-term debt (LDOD) 149,372 187,032 173,385 193,466 198,672 178,091 126,940 146,104 Public and publicly guaranteed 144,096 175,229 162,009 184,667 189,814 169,552 117,683 126,026 Private nonguaranteed 5,276 11,804 11,376 8,798 8,859 8,539 9,258 20,078 Use of IMF credit 6,612 8,673 6,739 7,244 7,238 5,947 3,140 3,203 Short-term debt 20,564 40,587 31,824 29,695 33,222 32,212 43,445 44,453 of which interest arrears on LDOD 9,341 20,475 12,981 15,654 17,598 13,803 14,984 .. Official creditors 6,424 15,999 10,045 12,290 13,843 9,982 10,831 .. Private creditors 2,916 4,476 2,936 3,363 3,755 3,821 4,152 .. Memorandum items Principal arrears on LDOD 17,788 41,235 25,846 27,346 28,222 25,458 26,761 .. Official creditors 9,904 28,754 19,325 19,976 20,551 18,180 19,519 .. Private creditors 7,883 12,480 6,521 7,370 7,671 7,278 7,242 .. TOTAL DEBT FLOWS Disbursements 10,329 14,028 10,088 10,480 13,029 15,926 12,321 30,749 Long-term debt 9,669 11,035 9,563 10,081 12,367 15,603 12,024 30,744 IMF purchases 660 2,994 525 399 662 323 298 5 Principal repayments 5,577 9,425 9,030 8,107 8,071 12,114 17,073 11,718 Long-term debt 4,626 7,052 8,568 7,658 7,280 11,367 16,717 11,520 IMF repurchases 951 2,372 462 449 791 747 357 198 Net flows on debt 7,030 7,569 -53 1,422 6,541 6,596 5,301 22,570 of which short-term debt 2,278 2,965 -1,111 -951 1,583 2,785 10,053 3,569 Interest payments (INT) 5,299 5,354 4,482 3,147 3,173 8,016 4,362 5,047 Long-term debt 4,355 3,976 3,328 2,686 2,684 7,329 3,416 4,578 IMF charges 238 559 43 28 30 27 39 7 Short-term debt 705 819 1,111 433 458 660 907 464 Net transfers on debt 1,731 2,215 -4,535 -1,725 3,368 -1,420 938 16,166 Total debt service paid (TDS) 10,876 14,779 13,512 11,254 11,243 20,130 21,436 16,765 Long-term debt 8,982 11,029 11,896 10,344 9,964 18,696 20,133 16,098 IMF repurchases and charges 1,189 2,931 505 478 821 774 396 204 Short-term debt (interest only) 705 819 1,111 433 458 660 907 464 2. OTHER NET RESOURCE FLOWS (LONG-TERM) Net flow of long-term debt (ex. IMF) 5,042 3,982 995 2,423 5,087 4,236 -4,693 19,224 Foreign direct investment (net) 1,210 4,520 6,789 14,378 12,485 17,289 17,063 25,283 Portfolio equity flows 393 2,954 4,164 739 6,684 7,381 15,088 10,200 Grants (excluding technical coop.) 11,927 11,304 10,339 22,379 25,003 31,900 74,083 31,408 of which: Debt forgiveness grants .. .. 1,482 6,795 5,358 9,913 46,735 2,475 IDA grants .. .. .. 359 979 831 888 1,361 Memo: technical coop. grants 4,997 4,948 3,598 5,089 5,377 5,679 6,669 5,214 Interest on long-term debt 4,355 3,976 3,328 2,686 2,684 7,329 3,416 4,578 Profit remittances on FDI 2,861 3,910 7,841 11,709 13,086 20,217 14,529 .. 3. MAJOR ECONOMIC AGGREGATES Gross national income (GNI) 278,233 303,206 319,705 408,013 496,326 583,318 661,388 .. Exports of goods, serv. & inc. (XGS) 79,973 92,980 118,441 151,317 192,618 243,588 290,342 .. Worker remit. & comp. of employees 1,767 3,177 4,614 5,958 8,007 9,298 10,327 10,848 Imports of goods & services (MGS) 86,168 109,825 119,160 161,773 195,144 241,592 287,690 .. International reserves (RES) 15,132 20,491 36,679 41,395 63,213 84,396 117,569 .. Current account balance -957 -10,120 3,915 -2,726 5,711 11,450 -13,901 .. 4. DEBT INDICATORS EDT / XGS (%) 220.8 254.1 178.9 152.3 124.1 88.8 59.8 .. EDT / GNI (%) 63.5 77.9 66.3 56.5 48.2 37.1 26.2 .. TDS / XGS (%) 13.6 15.9 11.4 7.4 5.8 8.3 7.4 .. INT / XGS (%) 6.6 5.8 3.8 2.1 1.6 3.3 1.5 .. INT / GNI (%) 1.9 1.8 1.4 0.8 0.6 1.4 0.7 .. RES / EDT (%) 8.6 8.7 17.3 18.0 26.4 39.0 67.8 .. RES / MGS (months) 2.1 2.2 3.7 3.1 3.9 4.2 4.9 .. Short-term / EDT (%) 11.6 17.2 15.0 12.9 13.9 14.9 25.0 22.9 Concessional / EDT (%) 33.1 34.4 39.1 49.6 50.6 49.6 39.3 37.5 Multilateral / EDT (%) 21.6 23.1 25.8 30.1 31.7 34.0 25.5 25.1 20 SUB-SAHARAN AFRICA (US$ million, unless otherwise indicated) 1990 1995 2000 2003 2004 2005 2006 2007 5. LONG-TERM DEBT DEBT OUTSTANDING (LDOD) 149,372 187,032 173,385 193,466 198,672 178,091 126,940 146,104 Public and publicly guaranteed 144,096 175,229 162,009 184,667 189,814 169,552 117,683 126,026 Official creditors 108,562 138,769 136,041 154,074 158,354 135,559 88,592 91,655 Multilateral 38,167 54,587 54,706 69,249 75,904 73,512 44,261 48,566 Concessional 24,010 38,942 45,439 60,504 67,182 65,901 36,852 40,817 Bilateral 70,395 84,182 81,335 84,824 82,450 62,047 44,331 43,089 Concessional 34,348 42,324 37,428 53,786 53,858 41,337 31,335 31,781 Private creditors 35,534 36,460 25,969 30,594 31,460 33,993 29,091 34,372 Bonds 301 4,784 9,150 10,974 8,803 8,575 6,792 9,883 Commercial banks 13,861 12,565 8,411 12,374 16,612 19,805 17,624 20,227 Private nonguaranteed 5,276 11,804 11,376 8,798 8,859 8,539 9,258 20,078 Bonds 0 350 1,360 548 0 1,307 1,484 4,286 Commercial banks and other 5,276 11,454 10,016 8,250 8,859 7,232 7,774 15,791 Memo: IBRD 9,160 7,626 3,473 2,674 2,476 2,015 1,799 1,742 IDA 15,756 27,895 33,621 45,198 49,726 48,492 24,205 27,163 Public sector LDOD 143,909 175,103 161,102 184,477 190,031 169,948 118,138 127,652 Private sector LDOD 5,463 11,930 12,283 8,988 8,641 8,142 8,803 18,452 DISBURSEMENTS 9,669 11,035 9,563 10,081 12,367 15,603 12,024 30,744 Public and publicly guaranteed 9,039 10,286 7,444 8,442 10,505 12,377 8,876 16,522 Official creditors 7,141 5,896 4,126 4,659 6,103 5,932 5,950 6,277 Multilateral 4,542 4,208 3,354 4,010 4,902 4,913 4,661 4,637 Concessional 2,760 3,185 2,997 3,537 4,472 4,551 4,183 4,391 Bilateral 2,599 1,688 772 649 1,202 1,019 1,289 1,640 Concessional 2,054 1,551 630 394 582 887 1,085 1,465 Private creditors 1,898 4,390 3,318 3,782 4,401 6,446 2,926 10,245 Bonds 0 541 765 1,414 1,000 0 1,876 3,000 Commercial banks 378 1,623 1,752 2,024 3,063 6,097 770 6,960 Private nonguaranteed 630 748 2,119 1,639 1,862 3,226 3,148 14,223 Bonds 0 350 712 0 0 1,307 0 3,069 Commercial banks and other 630 398 1,407 1,639 1,862 1,919 3,148 11,154 Memo: IBRD 808 274 75 71 33 14 1 32 IDA 2,027 2,392 2,193 2,744 3,036 2,943 2,717 2,600 PRINCIPAL REPAYMENTS 4,626 7,052 8,568 7,658 7,280 11,367 16,717 11,520 Public and publicly guaranteed 4,161 5,807 7,166 6,563 6,251 10,638 14,355 8,117 Official creditors 2,545 2,977 3,447 3,141 3,786 6,595 8,462 4,564 Multilateral 1,346 2,015 1,628 1,269 1,445 1,548 1,857 1,372 Concessional 269 434 541 470 576 558 898 663 Bilateral 1,199 963 1,819 1,872 2,342 5,047 6,605 3,192 Concessional 309 431 822 914 970 2,796 3,698 1,289 Private creditors 1,616 2,830 3,718 3,422 2,465 4,043 5,893 3,553 Bonds 31 40 480 778 370 1 1,742 0 Commercial banks 999 1,261 2,442 1,574 1,484 3,497 3,109 2,840 Private nonguaranteed 466 1,245 1,402 1,095 1,029 729 2,362 3,403 Bonds 0 0 0 250 0 0 0 267 Commercial banks and other 466 1,245 1,402 845 1,029 729 2,362 3,137 Memo: IBRD 719 1,055 550 391 339 286 284 222 IDA 51 120 226 223 250 249 504 212 INTEREST PAYMENTS (LINT) 4,355 3,976 3,328 2,686 2,684 7,329 3,416 4,578 Public and publicly guaranteed 4,024 3,471 2,922 2,522 2,499 6,980 2,997 3,152 Official creditors 2,703 2,008 1,833 1,514 1,586 5,872 1,451 1,478 Multilateral 1,110 1,234 842 764 844 774 758 533 Concessional 162 254 312 365 474 486 478 293 Bilateral 1,593 774 991 749 743 5,098 693 945 Concessional 556 358 300 346 350 3,154 350 497 Private creditors 1,322 1,463 1,089 1,009 913 1,109 1,546 1,674 Bonds 13 322 561 589 584 517 552 543 Commercial banks 615 457 302 196 146 421 757 935 Private nonguaranteed 331 505 406 164 185 348 419 1,426 Bonds 0 0 41 9 8 61 89 589 Commercial banks and other 331 505 365 155 177 287 330 837 Memo: IBRD 649 629 213 113 77 54 47 42 IDA 97 178 199 238 317 314 272 137 21 SUB-SAHARAN AFRICA (US$ million, unless otherwise indicated) 1990 1995 2000 2003 2004 2005 2006 2007 6. CURRENCY COMPOSITION OF LONG-TERM DEBT (PERCENT) Euro .. .. .. .. 23.8 19.5 22.7 .. Japanese yen 4.1 5.6 4.1 5.8 4.8 3.5 3.5 .. Pound sterling 5.5 3.9 2.1 4.8 5.0 4.2 1.8 .. Swiss franc 2.3 2.1 1.5 2.1 2.0 1.9 2.4 .. U.S.dollars 36.7 40.8 61.4 50.2 50.0 55.0 51.0 .. 7. DEBT RESTRUCTURINGS Total amount rescheduled 5,987 3,500 22,630 932 3,549 1,150 564 .. Debt stock rescheduled 91 142 73 302 149 23 230 .. Principal rescheduled 3,961 1,772 13,116 322 2,108 734 151 .. Official 2,693 1,282 11,087 294 2,027 730 149 .. Private 1,268 490 2,030 29 81 4 2 .. Interest rescheduled 1,722 727 9,029 177 896 264 49 .. Official 1,376 625 8,476 173 858 261 48 .. Private 345 102 553 4 39 2 0 .. Debt forgiven 1,602 1,302 629 1,461 3,976 8,992 14,850 .. Memo: interest forgiven 87 214 297 378 703 156 150 .. Debt stock reduction 1,262 367 479 1,108 2,438 1,484 35,070 .. of which debt buyback 0 29 137 0 0 0 0 .. 8. DEBT STOCK-FLOW RECONCILIATION Total change in debt stocks 19,739 14,633 -3,125 17,670 8,727 -22,881 -42,724 .. Net flows on debt 7,030 7,569 -53 1,422 6,541 6,596 5,301 22,570 Cross-currency valuation 7,667 909 -6,729 10,615 6,422 -13,431 -26,483 .. 9. AVERAGE TERMS OF NEW COMMITMENTS ALL CREDITORS Interest (%) 4.3 3.7 3.1 2.7 2.4 4.8 3.1 .. Maturity (years) 25.4 22.4 24.4 21.3 21.4 17.4 24.1 .. Grace period (years) 6.9 5.4 6.2 6.0 4.8 2.6 6.5 .. Grant element (%) 43.3 42.9 48.5 45.9 45.3 30.4 49.1 .. Official creditors Interest (%) 3.5 1.8 1.1 1.3 1.9 4.5 1.4 .. Maturity (years) 28.4 31.7 36.6 35.8 28.9 21.9 30.9 .. Grace period (years) 7.7 8.7 9.2 8.7 5.8 4.4 6.9 .. Grant element (%) 50.9 65.8 73.9 71.3 58.9 37.6 64.2 .. Private creditors Interest (%) 8.1 5.7 5.8 3.9 3.4 5.5 7.0 .. Maturity (years) 11.6 12.4 7.8 7.8 7.1 6.1 8.7 .. Grace period (years) 2.7 1.9 2.1 3.5 2.9 -1.8 5.7 .. Grant element (%) 7.8 18.4 13.8 22.5 19.5 12.5 15.0 .. 10. GRAPH OF SELECTED INDICATORS (current prices, US$ billion) Distribution of debt Non-debt flows Grants 90.0 (%) 140.0 2007 80.0 120.0 70.0 2006 100.0 60.0 2005 50.0 80.0 2004 40.0 60.0 30.0 2003 40.0 20.0 2002 20.0 10.0 2001 0.0 0.0 2001 2002 2003 2004 2005 2006 2007 -10.0 0.0 10.0 20.0 30.0 40.0 2001 2002 2003 2004 2005 2006 2007 Official to LT debt Private to LT debt FDI Portfolio equity Debt forgiveness grants Grants 22 LOW-INCOME COUNTRIES (US$ million, unless otherwise indicated) 1990 1995 2000 2003 2004 2005 2006 2007 1. SUMMARY DEBT DATA TOTAL DEBT STOCKS (EDT) 309,829 366,231 346,340 387,197 409,806 379,259 375,060 400,713 Long-term debt (LDOD) 266,651 313,542 311,046 348,154 364,705 338,074 327,468 351,733 Public and publicly guaranteed 259,189 298,243 286,292 319,426 330,900 299,087 240,914 281,390 Private nonguaranteed 7,462 15,299 24,754 28,728 33,805 38,987 86,554 70,343 Use of IMF credit 10,671 13,113 9,419 10,391 10,114 8,322 5,697 5,602 Short-term debt 32,507 39,576 25,876 28,653 34,988 32,863 41,895 43,378 of which interest arrears on LDOD 10,686 21,908 11,930 14,422 16,842 13,022 14,164 .. Official creditors 7,358 17,870 9,832 11,831 14,088 10,290 11,167 .. Private creditors 3,328 4,038 2,098 2,591 2,755 2,732 2,997 .. Memorandum items Principal arrears on LDOD 19,973 48,928 25,536 26,450 28,685 26,041 28,014 .. Official creditors 11,728 38,428 21,764 22,246 24,160 21,699 23,277 .. Private creditors 8,245 10,500 3,772 4,205 4,526 4,342 4,737 .. TOTAL DEBT FLOWS Disbursements 20,817 22,827 21,138 24,850 35,431 33,333 42,279 67,759 Long-term debt 18,297 19,267 20,418 23,844 34,383 32,870 41,792 67,748 IMF purchases 2,520 3,560 721 1,006 1,048 463 487 11 Principal repayments 10,176 18,833 15,393 23,691 25,981 28,887 23,485 19,697 Long-term debt 8,164 14,501 14,343 22,393 24,404 27,720 22,927 19,292 IMF repurchases 2,012 4,332 1,050 1,298 1,577 1,168 558 405 Net flows on debt 13,903 7,185 4,263 1,783 13,365 6,142 26,684 53,295 of which short-term debt 3,262 3,192 -1,483 624 3,914 1,696 7,890 5,263 Interest payments (INT) 10,741 10,093 8,757 9,368 6,789 14,469 10,791 11,308 Long-term debt 8,512 8,414 7,797 9,019 6,262 13,680 9,658 10,052 IMF charges 439 756 122 62 59 45 54 14 Short-term debt 1,790 922 837 287 468 745 1,079 1,244 Net transfers on debt 3,161 -2,908 -4,494 -7,585 6,576 -8,328 15,893 43,320 Total debt service paid (TDS) 20,917 28,926 24,150 33,059 32,770 43,357 34,276 31,005 Long-term debt 16,676 22,916 22,140 31,412 30,666 41,399 32,585 29,344 IMF repurchases and charges 2,451 5,088 1,172 1,360 1,635 1,213 612 419 Short-term debt (interest only) 1,790 922 837 287 468 745 1,079 1,244 2. OTHER NET RESOURCE FLOWS (LONG-TERM) Net flow of long-term debt (ex. IMF) 10,134 4,765 6,075 1,451 9,979 5,151 18,865 48,456 Foreign direct investment (net) 2,342 7,878 10,151 14,573 17,397 20,862 41,711 39,000 Portfolio equity flows 7 1,597 2,385 8,228 9,102 12,668 10,793 .. Grants (excluding technical coop.) 13,321 14,344 12,698 26,515 29,914 36,853 77,740 37,084 of which: Debt forgiveness grants .. .. 1,626 7,163 5,254 8,561 44,463 2,300 IDA grants .. .. .. 407 1,069 1,082 1,035 1,493 Memo: technical coop. grants 6,149 6,464 4,822 7,232 7,805 9,082 9,599 8,129 Interest on long-term debt 8,512 8,414 7,797 9,019 6,262 13,680 9,658 10,052 Profit remittances on FDI 1,438 2,994 4,789 11,028 13,039 21,027 14,978 .. 3. MAJOR ECONOMIC AGGREGATES Gross national income (GNI) 577,635 650,416 821,466 1,037,162 1,194,403 1,387,221 1,582,793 .. Exports of goods, serv. & inc. (XGS) 87,757 126,358 188,353 262,122 329,754 420,531 518,130 .. Worker remit. & comp. of employees 7,664 12,776 21,793 39,010 39,973 46,294 55,239 60,247 Imports of goods & services (MGS) 110,205 160,120 201,444 265,944 337,061 439,924 538,880 .. International reserves (RES) 17,397 41,271 73,141 157,596 200,136 220,505 287,775 .. Current account balance -11,481 -17,245 -1,287 9,326 10,119 4,342 -23,869 .. 4. DEBT INDICATORS EDT / XGS (%) 353.1 289.8 183.9 147.7 124.3 90.2 72.4 .. EDT / GNI (%) 53.6 56.3 42.2 37.3 34.3 27.3 23.7 .. TDS / XGS (%) 23.8 22.9 12.8 12.6 9.9 10.3 6.6 .. INT / XGS (%) 12.2 8.0 4.6 3.6 2.1 3.4 2.1 .. INT / GNI (%) 1.9 1.6 1.1 0.9 0.6 1.0 0.7 .. RES / EDT (%) 5.6 11.3 21.1 40.7 48.8 58.1 76.7 .. RES / MGS (months) 1.9 3.1 4.4 7.1 7.1 6.0 6.4 .. Short-term / EDT (%) 10.5 10.8 7.5 7.4 8.5 8.7 11.2 10.8 Concessional / EDT (%) 47.6 49.8 49.5 57.6 56.8 57.0 49.9 47.3 Multilateral / EDT (%) 24.2 29.9 33.9 36.4 37.1 39.4 34.1 34.0 23 LOW-INCOME COUNTRIES (US$ million, unless otherwise indicated) 1990 1995 2000 2003 2004 2005 2006 2007 5. LONG-TERM DEBT DEBT OUTSTANDING (LDOD) 266,651 313,542 311,046 348,154 364,705 338,074 327,468 351,733 Public and publicly guaranteed 259,189 298,243 286,292 319,426 330,900 299,087 240,914 281,390 Official creditors 205,526 252,525 238,824 270,515 278,151 254,467 221,103 225,197 Multilateral 74,947 109,452 117,268 140,927 151,881 149,468 127,755 136,105 Concessional 51,488 78,285 92,299 120,840 131,788 129,272 105,842 112,128 Bilateral 130,579 143,073 121,556 129,588 126,271 105,000 93,349 89,092 Concessional 95,853 103,923 79,011 102,149 101,117 86,780 81,399 77,604 Private creditors 53,663 45,718 47,467 48,911 52,748 44,619 19,811 56,193 Bonds 2,952 5,600 15,798 12,326 11,245 5,042 5,426 9,129 Commercial banks 29,986 21,259 24,305 29,966 35,378 34,205 9,611 43,393 Private nonguaranteed 7,462 15,299 24,754 28,728 33,805 38,987 86,554 70,343 Bonds 0 1,065 1,810 1,136 3,720 7,218 9,421 11,824 Commercial banks and other 7,462 14,234 22,944 27,591 30,086 31,769 77,133 58,519 Memo: IBRD 17,718 19,914 13,613 9,842 10,072 10,106 10,495 10,836 IDA 37,357 57,231 67,063 88,568 96,762 95,147 74,979 81,303 Public sector LDOD 258,353 297,444 285,576 319,128 330,764 299,221 241,155 277,544 Private sector LDOD 8,298 16,099 25,469 29,025 33,941 38,853 86,313 74,190 DISBURSEMENTS 18,297 19,267 20,418 23,844 34,383 32,870 41,792 67,748 Public and publicly guaranteed 17,182 16,922 19,843 17,889 24,198 19,514 20,108 33,503 Official creditors 13,113 12,415 11,687 12,209 13,999 13,927 15,826 16,093 Multilateral 8,724 8,487 8,305 9,435 10,679 11,283 11,508 11,280 Concessional 5,080 5,703 5,921 6,949 8,519 8,794 8,344 8,452 Bilateral 4,389 3,928 3,382 2,774 3,320 2,644 4,318 4,813 Concessional 3,653 3,382 2,724 2,434 2,952 2,586 4,152 4,644 Private creditors 4,069 4,506 8,156 5,679 10,199 5,587 4,282 17,410 Bonds 427 86 5,512 1,348 4,210 2,194 3,500 6,597 Commercial banks 2,207 2,431 1,170 3,619 5,510 3,079 598 10,659 Private nonguaranteed 1,116 2,345 574 5,955 10,185 13,356 21,685 34,245 Bonds 0 520 0 210 2,820 4,825 2,404 3,325 Commercial banks and other 1,116 1,825 574 5,745 7,365 8,531 19,281 30,920 Memo: IBRD 2,351 1,296 990 966 857 1,200 1,096 1,111 IDA 3,574 3,807 4,083 5,184 6,238 5,977 5,473 5,401 PRINCIPAL REPAYMENTS 8,164 14,501 14,343 22,393 24,404 27,720 22,927 19,292 Public and publicly guaranteed 7,283 13,457 13,026 18,807 19,226 21,261 17,040 11,540 Official creditors 4,723 8,818 8,379 11,396 8,774 10,176 11,931 6,950 Multilateral 2,224 4,105 4,313 6,369 4,434 3,702 4,254 3,366 Concessional 539 968 1,336 1,593 1,855 1,888 2,524 1,945 Bilateral 2,499 4,713 4,066 5,027 4,340 6,474 7,676 3,583 Concessional 1,531 3,502 2,507 3,662 2,523 4,035 5,213 2,872 Private creditors 2,560 4,638 4,647 7,411 10,452 11,084 5,109 4,590 Bonds 311 381 46 4,299 2,963 8,260 3,116 2,886 Commercial banks 1,163 2,309 3,589 2,155 6,544 2,036 1,339 913 Private nonguaranteed 880 1,045 1,317 3,586 5,178 6,459 5,887 7,753 Bonds 0 0 35 608 85 903 0 922 Commercial banks and other 880 1,045 1,282 2,978 5,094 5,556 5,887 6,831 Memo: IBRD 1,177 2,077 1,712 2,489 823 808 828 813 IDA 203 451 769 1,031 1,162 1,210 1,594 1,154 INTEREST PAYMENTS (LINT) 8,512 8,414 7,797 9,019 6,262 13,680 9,658 10,052 Public and publicly guaranteed 7,988 7,493 6,642 7,430 5,001 11,971 4,856 8,278 Official creditors 4,578 4,692 3,856 3,333 3,300 7,662 3,418 3,373 Multilateral 2,029 2,784 2,140 1,695 1,621 1,738 1,958 1,631 Concessional 369 596 686 832 1,025 1,042 1,040 750 Bilateral 2,549 1,908 1,716 1,638 1,679 5,925 1,460 1,742 Concessional 1,430 1,369 951 1,227 1,196 3,906 1,253 1,471 Private creditors 3,410 2,801 2,786 4,097 1,701 4,309 1,439 4,906 Bonds 196 330 508 1,540 365 2,877 412 383 Commercial banks 2,347 1,419 2,001 2,363 1,197 1,292 913 4,398 Private nonguaranteed 524 922 1,155 1,588 1,261 1,709 4,802 1,773 Bonds 0 58 240 65 95 170 580 507 Commercial banks and other 524 863 915 1,523 1,165 1,538 4,222 1,266 Memo: IBRD 1,312 1,546 814 401 267 351 484 501 IDA 250 403 441 539 687 690 650 464 24 LOW-INCOME COUNTRIES (US$ million, unless otherwise indicated) 1990 1995 2000 2003 2004 2005 2006 2007 6. CURRENCY COMPOSITION OF LONG-TERM DEBT (PERCENT) Euro .. .. .. .. 13.0 10.9 11.3 .. Japanese yen 8.2 11.5 10.8 12.8 12.0 11.4 13.8 .. Pound sterling 4.8 3.5 2.3 3.4 3.4 2.8 1.6 .. Swiss franc 1.6 1.4 0.9 1.2 1.1 1.0 1.2 .. U.S.dollars 40.4 39.0 58.6 54.6 54.7 56.7 52.3 .. 7. DEBT RESTRUCTURINGS Total amount rescheduled 5,117 1,834 22,868 705 724 1,376 1,273 .. Debt stock rescheduled 38 142 102 168 149 495 230 .. Principal rescheduled 3,307 1,048 13,446 307 268 488 86 .. Official 2,641 936 11,349 279 263 423 86 .. Private 666 112 2,098 27 5 66 0 .. Interest rescheduled 1,213 517 8,955 166 75 109 31 .. Official 1,088 494 8,365 162 73 104 31 .. Private 124 24 590 4 2 4 0 .. Debt forgiven 1,562 1,290 640 1,211 2,865 8,686 11,698 .. Memo: interest forgiven 86 224 1,927 289 236 165 72 .. Debt stock reduction 1,262 366 9,237 2,715 3,241 1,490 44,396 .. of which debt buyback 0 29 137 0 0 0 0 .. 8. DEBT STOCK-FLOW RECONCILIATION Total change in debt stocks 32,776 3,987 -15,903 28,577 22,609 -30,547 -4,200 .. Net flows on debt 13,903 7,185 4,263 1,783 13,365 6,142 26,684 53,295 Cross-currency valuation 10,349 -8,888 -15,024 19,557 8,468 -21,082 -23,540 .. 9. AVERAGE TERMS OF NEW COMMITMENTS ALL CREDITORS Interest (%) 4.5 3.4 3.6 1.6 1.8 2.2 2.4 .. Maturity (years) 25.0 25.4 20.6 27.9 28.9 27.6 28.8 .. Grace period (years) 7.4 7.4 6.6 7.5 7.3 7.7 7.8 .. Grant element (%) 42.0 49.1 42.5 62.1 62.5 58.4 58.4 .. Official creditors Interest (%) 3.5 3.0 3.0 1.4 1.5 1.9 2.3 .. Maturity (years) 29.0 28.5 30.0 30.7 32.2 30.9 29.8 .. Grace period (years) 8.0 8.2 7.8 8.0 7.7 8.0 7.5 .. Grant element (%) 51.5 54.9 55.8 66.9 68.2 64.5 60.6 .. Private creditors Interest (%) 7.1 5.9 4.4 2.7 3.6 4.7 4.1 .. Maturity (years) 14.2 6.4 5.5 8.6 8.1 6.2 19.2 .. Grace period (years) 6.0 2.9 4.6 3.9 4.6 5.7 10.0 .. Grant element (%) 16.0 13.5 21.3 28.6 27.2 18.8 38.4 .. 10. GRAPH OF SELECTED INDICATORS (current prices, US$ billion) Distribution of debt Non-debt flows Grants 90.0 (%) 140.0 2007 80.0 120.0 70.0 2006 100.0 60.0 2005 50.0 80.0 2004 40.0 60.0 30.0 2003 40.0 20.0 2002 20.0 10.0 2001 0.0 0.0 2001 2002 2003 2004 2005 2006 2007 0.0 10.0 20.0 30.0 40.0 50.0 60.0 2001 2002 2003 2004 2005 2006 2007 Official to LT debt Private to LT debt FDI Portfolio equity Debt forgiveness grants Grants 25 MIDDLE-INCOME COUNTRIES (US$ million, unless otherwise indicated) 1990 1995 2000 2003 2004 2005 2006 2007 1. SUMMARY DEBT DATA TOTAL DEBT STOCKS (EDT) 1,016,797 1,585,166 1,910,075 2,184,264 2,342,438 2,360,889 2,608,599 2,956,509 Long-term debt (LDOD) 825,237 1,238,183 1,577,284 1,703,337 1,807,004 1,790,475 1,977,853 2,206,112 Public and publicly guaranteed 773,195 1,035,719 1,063,802 1,148,219 1,185,461 1,066,733 1,026,218 1,054,044 Private nonguaranteed 52,042 202,465 513,482 555,118 621,543 723,742 951,635 1,152,067 Use of IMF credit 23,651 47,809 49,010 96,474 85,930 40,857 14,406 10,699 Short-term debt 167,909 299,174 283,780 384,453 449,503 529,557 616,340 739,698 of which interest arrears on LDOD 42,021 22,201 19,522 31,280 34,227 25,016 21,704 .. Official creditors 12,285 8,201 11,648 8,642 8,020 5,803 3,407 .. Private creditors 29,736 14,000 7,874 22,638 26,207 19,213 18,297 .. Memorandum items Principal arrears on LDOD 39,593 57,047 37,325 55,206 61,531 41,591 48,922 .. Official creditors 15,527 21,397 24,745 21,372 19,677 11,657 11,302 .. Private creditors 24,066 35,650 12,580 33,834 41,853 29,934 37,620 .. TOTAL DEBT FLOWS Disbursements 104,678 196,971 237,542 305,500 361,884 421,544 535,065 583,686 Long-term debt 99,059 172,648 228,148 276,885 355,986 418,046 531,347 579,199 IMF purchases 5,619 24,323 9,394 28,615 5,898 3,498 3,719 2,533 Principal repayments 72,925 110,728 236,953 287,490 309,639 364,371 420,495 353,097 Long-term debt 66,766 104,031 217,242 261,545 289,578 321,417 389,727 344,835 IMF repurchases 6,159 6,696 19,711 25,945 20,061 42,954 30,768 6,798 Net flows on debt 42,269 140,143 -4,322 70,979 114,349 146,438 204,666 355,748 of which short-term debt 10,515 53,899 -4,910 52,883 62,103 89,265 90,095 124,460 Interest payments (INT) 52,449 79,849 109,883 91,870 95,052 98,958 118,601 138,879 Long-term debt 42,434 63,413 91,113 77,984 77,789 79,212 94,010 109,930 IMF charges 2,037 2,023 2,757 2,363 3,404 3,232 1,602 345 Short-term debt 7,979 14,413 16,012 11,523 13,860 16,513 22,989 28,692 Net transfers on debt -10,181 60,294 -114,204 -20,873 19,297 47,480 86,064 201,533 Total debt service paid (TDS) 125,374 190,576 346,836 379,360 404,691 463,329 539,096 491,976 Long-term debt 109,199 167,444 308,355 339,529 367,367 400,629 483,737 456,229 IMF repurchases and charges 8,196 8,719 22,469 28,308 23,465 46,187 32,370 7,143 Short-term debt (interest only) 7,979 14,413 16,012 11,523 13,860 16,513 22,989 28,692 2. OTHER NET RESOURCE FLOWS (LONG-TERM) Net flow of long-term debt (ex. IMF) 32,293 68,617 10,907 15,340 66,408 96,630 141,620 234,854 Foreign direct investment (net) 22,118 96,122 155,326 147,316 208,149 267,609 325,781 431,782 Portfolio equity flows 3,383 12,198 11,098 15,842 31,269 56,218 94,056 .. Grants (excluding technical coop.) 14,473 17,335 15,904 18,431 22,930 19,042 24,681 20,200 of which: Debt forgiveness grants .. .. 666 1,605 2,183 2,959 7,829 700 IDA grants .. .. .. 20 15 80 156 132 Memo: technical coop. grants 7,695 12,876 9,607 13,023 12,797 11,751 12,585 10,200 Interest on long-term debt 42,434 63,413 91,113 77,984 77,789 79,212 94,010 109,930 Profit remittances on FDI 15,219 35,407 66,568 89,181 123,417 161,057 222,982 .. 3. MAJOR ECONOMIC AGGREGATES Gross national income (GNI) 3,096,929 4,367,846 4,993,301 5,854,070 6,965,910 8,272,429 9,732,809 .. Exports of goods, serv. & inc. (XGS) 641,212 1,139,547 1,652,266 2,121,385 2,697,413 3,304,439 4,024,201 .. Worker remit. & comp. of employees 23,332 44,095 61,847 104,576 121,193 144,128 166,034 179,474 Imports of goods & services (MGS) 655,503 1,225,852 1,639,260 2,038,710 2,584,687 3,060,007 3,660,112 .. International reserves (RES) 168,089 432,197 618,472 1,091,454 1,454,049 1,832,620 2,413,692 .. Current account balance -1,311 -72,896 30,452 85,897 116,935 237,732 348,204 .. 4. DEBT INDICATORS EDT / XGS (%) 158.6 139.1 115.6 103.0 86.8 71.4 64.8 .. EDT / GNI (%) 32.8 36.3 38.3 37.3 33.6 28.5 26.8 .. TDS / XGS (%) 19.6 16.7 21.0 17.9 15.0 14.0 13.4 .. INT / XGS (%) 8.2 7.0 6.7 4.3 3.5 3.0 2.9 .. INT / GNI (%) 1.7 1.8 2.2 1.6 1.4 1.2 1.2 .. RES / EDT (%) 16.5 27.3 32.4 50.0 62.1 77.6 92.5 .. RES / MGS (months) 3.1 4.2 4.5 6.4 6.8 7.2 7.9 .. Short-term / EDT (%) 16.5 18.9 14.9 17.6 19.2 22.4 23.6 25.0 Concessional / EDT (%) 12.6 12.6 10.9 10.8 10.6 8.9 8.0 6.8 Multilateral / EDT (%) 12.6 11.1 11.2 10.9 10.3 9.8 8.7 7.8 26 MIDDLE-INCOME COUNTRIES (US$ million, unless otherwise indicated) 1990 1995 2000 2003 2004 2005 2006 2007 5. LONG-TERM DEBT DEBT OUTSTANDING (LDOD) 825,237 1,238,183 1,577,284 1,703,337 1,807,004 1,790,475 1,977,853 2,206,112 Public and publicly guaranteed 773,195 1,035,719 1,063,802 1,148,219 1,185,461 1,066,733 1,026,218 1,054,044 Official creditors 344,327 551,566 540,431 546,913 553,979 472,002 428,537 421,559 Multilateral 127,953 175,906 214,142 238,701 240,575 230,365 225,854 229,424 Concessional 16,909 28,231 36,645 46,276 50,617 50,074 48,131 47,127 Bilateral 216,373 375,660 326,289 308,212 313,404 241,637 202,683 192,135 Concessional 110,963 170,968 172,334 188,670 197,999 161,108 159,895 152,712 Private creditors 428,868 484,152 523,371 601,306 631,482 594,731 597,681 632,485 Bonds 100,872 239,231 351,157 416,166 448,238 417,492 423,673 446,757 Commercial banks 216,018 131,102 107,546 132,058 134,859 135,498 135,977 157,977 Private nonguaranteed 52,042 202,465 513,482 555,118 621,543 723,742 951,635 1,152,067 Bonds 347 49,953 91,332 118,567 122,256 152,729 191,069 237,710 Commercial banks and other 51,696 152,511 422,151 436,552 499,287 571,013 760,566 914,357 Memo: IBRD 74,519 91,202 98,099 98,789 95,581 89,612 85,694 85,401 IDA 7,621 14,235 19,561 25,247 27,564 26,350 23,412 24,721 Public sector LDOD 768,026 1,030,304 1,056,517 1,140,212 1,176,479 1,058,253 1,018,220 1,052,012 Private sector LDOD 57,211 207,879 520,768 563,125 630,525 732,222 959,633 1,154,099 DISBURSEMENTS 99,059 172,648 228,148 276,885 355,986 418,046 531,347 579,199 Public and publicly guaranteed 82,933 117,668 120,297 117,400 129,915 127,061 113,834 132,722 Official creditors 36,194 53,593 41,686 37,703 33,641 32,254 38,105 34,250 Multilateral 18,526 23,480 26,673 28,383 23,524 23,629 28,319 21,879 Concessional 1,740 3,085 2,301 3,896 3,723 4,023 3,400 3,135 Bilateral 17,668 30,113 15,013 9,320 10,117 8,625 9,787 12,370 Concessional 9,684 10,962 10,625 7,332 7,841 6,804 7,927 9,995 Private creditors 46,739 64,075 78,612 79,697 96,275 94,806 75,729 98,472 Bonds 4,749 25,303 52,241 48,689 62,850 61,357 50,190 55,008 Commercial banks 13,457 20,670 18,531 24,443 29,150 29,623 20,128 41,952 Private nonguaranteed 16,125 54,981 107,851 159,485 226,071 290,985 417,513 448,432 Bonds 291 13,543 11,619 17,976 32,942 46,736 51,934 77,261 Commercial banks and other 15,834 41,437 96,232 141,509 193,129 244,249 365,579 371,170 Memo: IBRD 11,062 11,705 12,423 10,534 9,606 8,420 11,195 7,577 IDA 771 1,619 1,129 1,379 1,596 1,128 1,150 762 PRINCIPAL REPAYMENTS 66,766 104,031 217,242 261,545 289,578 321,417 389,727 344,835 Public and publicly guaranteed 60,444 77,313 107,471 125,292 117,751 137,381 177,355 103,805 Official creditors 18,244 35,093 40,513 52,666 50,128 67,377 85,361 43,302 Multilateral 9,643 16,551 18,747 29,849 26,675 23,819 32,844 20,635 Concessional 357 594 1,114 1,280 1,422 1,458 2,052 1,711 Bilateral 8,600 18,542 21,765 22,817 23,453 43,558 52,517 22,667 Concessional 3,287 5,339 10,041 9,768 11,566 15,283 10,367 16,382 Private creditors 42,200 42,219 66,958 72,626 67,623 70,004 91,994 60,504 Bonds 3,979 11,690 34,808 34,265 34,518 37,629 58,834 31,009 Commercial banks 21,389 14,602 20,739 28,201 25,449 24,190 24,298 17,876 Private nonguaranteed 6,321 26,719 109,771 136,253 171,827 184,035 212,372 242,494 Bonds 0 4,042 14,997 9,462 24,168 15,679 18,656 28,072 Commercial banks and other 6,321 22,677 94,775 126,792 147,659 168,356 193,716 214,422 Memo: IBRD 6,749 9,586 8,046 14,985 14,393 11,704 16,718 9,524 IDA 45 91 178 316 376 421 471 402 INTEREST PAYMENTS (LINT) 42,434 63,413 91,113 77,984 77,789 79,212 94,010 109,930 Public and publicly guaranteed 38,418 52,961 59,521 52,563 52,588 52,620 53,788 56,499 Official creditors 13,689 24,321 23,040 20,306 18,675 16,441 16,413 16,247 Multilateral 8,439 10,830 13,362 10,419 9,328 9,079 9,969 9,518 Concessional 250 413 520 581 675 740 803 821 Bilateral 5,249 13,491 9,677 9,887 9,347 7,363 6,444 6,729 Concessional 1,889 4,761 4,288 4,533 4,702 3,293 3,349 3,912 Private creditors 24,729 28,640 36,481 32,257 33,913 36,179 37,375 40,252 Bonds 4,145 15,942 25,677 24,214 26,121 28,151 28,713 30,151 Commercial banks 14,930 6,828 7,333 5,759 5,865 6,513 7,157 8,118 Private nonguaranteed 4,016 10,452 31,592 25,421 25,201 26,592 40,222 53,431 Bonds 3 3,113 7,746 7,434 8,471 9,419 14,724 17,115 Commercial banks and other 4,013 7,339 23,846 17,987 16,730 17,173 25,499 36,316 Memo: IBRD 5,551 6,386 6,838 4,707 3,854 3,805 4,454 4,402 IDA 51 99 135 165 204 208 192 150 27 MIDDLE-INCOME COUNTRIES (US$ million, unless otherwise indicated) 1990 1995 2000 2003 2004 2005 2006 2007 6. CURRENCY COMPOSITION OF LONG-TERM DEBT (PERCENT) Euro .. .. .. .. 20.7 18.2 20.5 .. Japanese yen 11.7 13.5 12.1 10.4 10.0 9.6 9.5 .. Pound sterling 1.6 1.0 0.7 0.7 0.8 0.8 0.9 .. Swiss franc 2.2 1.1 0.4 0.5 0.5 0.6 0.6 .. U.S.dollars 44.9 49.5 62.8 63.0 62.4 65.5 63.7 .. 7. DEBT RESTRUCTURINGS Total amount rescheduled 73,947 29,960 37,811 10,625 6,842 29,719 1,689 .. Debt stock rescheduled 61,811 6,758 23,090 2,928 942 23,804 57 .. Principal rescheduled 6,698 14,528 7,290 5,795 4,341 2,474 812 .. Official 3,125 6,047 5,714 5,201 4,210 2,225 271 .. Private 3,573 8,480 1,576 594 130 249 541 .. Interest rescheduled 4,583 4,703 5,003 990 1,338 878 132 .. Official 3,488 1,784 2,798 873 933 838 124 .. Private 1,095 2,918 2,205 117 406 41 8 .. Debt forgiven 11,059 954 291 827 1,954 1,332 3,853 .. Memo: interest forgiven 2,803 738 22 386 1,292 11,203 559 .. Debt stock reduction 24,883 3,854 32,393 65 2,570 39,415 5,690 .. of which debt buyback 4,359 132 16,879 0 0 0 0 .. 8. DEBT STOCK-FLOW RECONCILIATION Total change in debt stocks 65,651 170,005 -44,449 189,349 158,174 18,451 247,710 .. Net flows on debt 42,269 140,143 -4,322 70,979 114,349 146,438 204,666 355,748 Cross-currency valuation 35,805 10,520 -37,702 67,093 29,362 -58,411 22,769 .. 9. AVERAGE TERMS OF NEW COMMITMENTS ALL CREDITORS Interest (%) 7.6 6.5 7.5 5.0 4.9 5.3 5.3 .. Maturity (years) 15.1 12.4 13.0 12.4 12.8 14.6 15.8 .. Grace period (years) 5.3 4.3 7.3 6.9 7.5 8.3 9.2 .. Grant element (%) 15.2 17.8 11.4 24.6 26.2 27.3 28.4 .. Official creditors Interest (%) 6.3 6.5 5.4 3.3 3.0 4.2 4.5 .. Maturity (years) 19.7 17.0 17.0 16.7 18.2 18.4 19.7 .. Grace period (years) 6.0 4.7 4.4 4.5 5.0 4.8 5.6 .. Grant element (%) 25.9 22.7 27.0 39.7 43.4 37.2 35.3 .. Private creditors Interest (%) 8.7 6.5 8.4 5.8 5.6 5.9 5.7 .. Maturity (years) 11.2 7.5 11.3 10.6 10.8 12.7 13.7 .. Grace period (years) 4.8 3.8 8.5 8.0 8.4 10.0 11.1 .. Grant element (%) 6.1 12.6 4.6 18.4 19.7 22.3 24.6 .. 10. GRAPH OF SELECTED INDICATORS (current prices, US$ billion) Distribution of debt Non-debt flows Grants 90.0 (%) 35.0 2007 80.0 30.0 70.0 2006 25.0 60.0 2005 50.0 20.0 2004 40.0 15.0 30.0 2003 10.0 20.0 2002 5.0 10.0 2001 0.0 0.0 2001 2002 2003 2004 2005 2006 2007 0.0 100.0 200.0 300.0 400.0 500.0 2001 2002 2003 2004 2005 2006 2007 Official to LT debt Private to LT debt FDI Portfolio equity Debt forgiveness grants Grants 28 gdf_v2_00i-032.qxd 6/4/08 10:23 AM Page 29 Country tables 29 AFGHANISTAN (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 1. SUMMARY DEBT DATA TOTAL DEBT STOCKS (EDT) .. .. .. .. .. .. .. 1,771 Long-term debt (LDOD) .. .. .. .. .. .. .. 1,761 Public and publicly guaranteed .. .. .. .. .. .. .. 1,761 Private nonguaranteed .. .. .. .. .. .. .. 0 Use of IMF credit .. 0 0 0 0 0 0 0 Short-term debt .. .. .. .. .. .. .. 11 of which interest arrears on LDOD .. .. .. .. .. .. .. 11 Official creditors .. .. .. .. .. .. .. 10 Private creditors .. .. .. .. .. .. .. 0 Memorandum items Principal arrears on LDOD .. .. .. .. .. .. .. 95 Official creditors .. .. .. .. .. .. .. 94 Private creditors .. .. .. .. .. .. .. 0 TOTAL DEBT FLOWS Disbursements .. .. .. .. .. .. .. 146 Long-term debt .. .. .. .. .. .. .. 146 IMF purchases .. 0 0 0 0 0 0 0 Principal repayments .. .. .. .. .. .. .. 3 Long-term debt .. .. .. .. .. .. .. 3 IMF repurchases .. 0 0 0 0 0 0 0 Net flows on debt .. .. .. .. .. .. .. 143 of which short-term debt .. .. .. .. .. .. .. 0 Interest payments (INT) .. .. .. .. .. .. .. 6 Long-term debt .. .. .. .. .. .. .. 6 IMF charges .. 0 0 0 0 0 0 0 Short-term debt .. .. .. .. .. .. .. 0 Net transfers on debt .. .. .. .. .. .. .. 137 Total debt service paid (TDS) .. .. .. .. .. .. .. 9 Long-term debt .. .. .. .. .. .. .. 9 IMF repurchases and charges .. 0 0 0 0 0 0 0 Short-term debt (interest only) .. .. .. .. .. .. .. 0 2. OTHER NET RESOURCE FLOWS (LONG-TERM) Net flow of long-term debt (ex. IMF) .. .. .. .. .. .. .. 143 Foreign direct investment (net) .. .. .. .. .. .. .. 0 Portfolio equity flows .. .. .. .. .. .. .. 0 Grants (excluding technical coop.) .. .. .. .. .. .. .. 0 of which: Debt forgiveness grants .. .. .. .. .. .. .. 0 IDA grants .. .. .. 20 62 95 200 104 Memo: technical coop. grants .. .. .. .. .. .. .. 0 Interest on long-term debt .. .. .. .. .. .. .. 6 Profit remittances on FDI .. .. .. .. .. .. .. 0 3. MAJOR ECONOMIC AGGREGATES Gross national income (GNI) .. .. .. .. .. .. .. 8,405 Exports of goods, serv. & inc. (XGS) .. .. .. .. .. .. .. .. Worker remit. & comp. of employees .. .. .. .. .. .. .. 0 Imports of goods & services (MGS) .. .. .. .. .. .. .. .. International reserves (RES) .. .. .. .. .. .. .. .. Current account balance .. .. .. .. .. .. .. .. 4. DEBT INDICATORS EDT / XGS (%) .. .. .. .. .. .. .. .. EDT / GNI (%) .. .. .. .. .. .. .. 21.1 TDS / XGS (%) .. .. .. .. .. .. .. .. INT / XGS (%) .. .. .. .. .. .. .. .. INT / GNI (%) .. .. .. .. .. .. .. 0.1 RES / EDT (%) .. .. .. .. .. .. .. .. RES / MGS (months) .. .. .. .. .. .. .. .. Short-term / EDT (%) .. .. .. .. .. .. .. 0.6 Concessional / EDT (%) .. .. .. .. .. .. .. 99.4 Multilateral / EDT (%) .. .. .. .. .. .. .. 43.2 30 AFGHANISTAN (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 5. LONG-TERM DEBT DEBT OUTSTANDING (LDOD) .. .. .. .. .. .. .. 1,761 Public and publicly guaranteed .. .. .. .. .. .. .. 1,761 Official creditors .. .. .. .. .. .. .. 1,761 Multilateral .. .. .. .. .. .. .. 766 Concessional .. .. .. .. .. .. .. 766 Bilateral .. .. .. .. .. .. .. 995 Concessional .. .. .. .. .. .. .. 995 Private creditors .. .. .. .. .. .. .. 0 of which: Bonds .. .. .. .. .. .. .. 0 Commercial banks .. .. .. .. .. .. .. 0 Private nonguaranteed .. .. .. .. .. .. .. 0 Bonds .. .. .. .. .. .. .. 0 Commercial banks and other .. .. .. .. .. .. .. 0 Memo: IBRD .. 0 0 0 0 0 0 0 IDA .. 0 0 0 86 227 294 358 Public sector LDOD .. .. .. .. .. .. .. 1,761 Private sector LDOD .. .. .. .. .. .. .. 0 DISBURSEMENTS .. .. .. .. .. .. .. 146 Public and publicly guaranteed .. .. .. .. .. .. .. 146 Official creditors .. .. .. .. .. .. .. 146 Multilateral .. .. .. .. .. .. .. 107 Concessional .. .. .. .. .. .. .. 107 Bilateral .. .. .. .. .. .. .. 40 Concessional .. .. .. .. .. .. .. 40 Private creditors .. .. .. .. .. .. .. 0 of which: Bonds .. .. .. .. .. .. .. 0 Commercial banks .. .. .. .. .. .. .. 0 Private nonguaranteed .. .. .. .. .. .. .. 0 Bonds .. .. .. .. .. .. .. 0 Commercial banks and other .. .. .. .. .. .. .. 0 Memo: IBRD .. 0 0 0 0 0 0 0 IDA .. 0 0 0 35 135 84 39 PRINCIPAL REPAYMENTS .. .. .. .. .. .. .. 3 Public and publicly guaranteed .. .. .. .. .. .. .. 3 Official creditors .. .. .. .. .. .. .. 3 Multilateral .. .. .. .. .. .. .. 3 Concessional .. .. .. .. .. .. .. 3 Bilateral .. .. .. .. .. .. .. 0 Concessional .. .. .. .. .. .. .. 0 Private creditors .. .. .. .. .. .. .. 0 of which: Bonds .. .. .. .. .. .. .. 0 Commercial banks .. .. .. .. .. .. .. 0 Private nonguaranteed .. .. .. .. .. .. .. 0 Bonds .. .. .. .. .. .. .. 0 Commercial banks and other .. .. .. .. .. .. .. 0 Memo: IBRD .. 0 0 0 0 0 0 0 IDA .. 0 0 0 25 3 3 3 INTEREST PAYMENTS (LINT) .. .. .. .. .. .. .. 6 Public and publicly guaranteed .. .. .. .. .. .. .. 6 Official creditors .. .. .. .. .. .. .. 6 Multilateral .. .. .. .. .. .. .. 6 Concessional .. .. .. .. .. .. .. 6 Bilateral .. .. .. .. .. .. .. 0 Concessional .. .. .. .. .. .. .. 0 Private creditors .. .. .. .. .. .. .. 0 of which: Bonds .. .. .. .. .. .. .. 0 Commercial banks .. .. .. .. .. .. .. 0 Private nonguaranteed .. .. .. .. .. .. .. 0 Bonds .. .. .. .. .. .. .. 0 Commercial banks and other .. .. .. .. .. .. .. 0 Memo: IBRD .. 0 0 0 0 0 0 0 IDA .. 0 0 0 6 2 3 3 31 AFGHANISTAN (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 6. CURRENCY COMPOSITION OF PUBLIC AND PUBLICLY GUARANTEED DEBT (PERCENT) Euro .. .. .. .. .. .. .. 0.3 Japanese yen .. .. .. .. .. .. .. 0.0 Pound sterling .. .. .. .. .. .. .. 1.4 Swiss franc .. .. .. .. .. .. .. 0.0 U.S.dollars .. .. .. .. .. .. .. 74.6 7. DEBT RESTRUCTURINGS Total amount rescheduled .. .. .. .. .. .. .. 857 Debt stock rescheduled .. .. .. .. .. .. .. 0 Principal rescheduled .. .. .. .. .. .. .. 0 Official .. .. .. .. .. .. .. 0 Private .. .. .. .. .. .. .. 0 Interest rescheduled .. .. .. .. .. .. .. 0 Official .. .. .. .. .. .. .. 0 Private .. .. .. .. .. .. .. 0 Debt forgiven .. .. .. .. .. .. .. 0 Memo: interest forgiven .. .. .. .. .. .. .. 0 Debt stock reduction .. .. .. .. .. .. .. 10,433 of which debt buyback .. .. .. .. .. .. .. 0 8. DEBT STOCK-FLOW RECONCILIATION Total change in debt stocks .. .. .. .. .. .. .. 1,165 Net flows on debt .. .. .. .. .. .. .. 143 Cross-currency valuation .. .. .. .. .. .. .. 25 9. AVERAGE TERMS OF NEW COMMITMENTS ALL CREDITORS Interest (%) .. .. .. .. .. .. .. 1.2 Maturity (years) .. .. .. .. .. .. .. 39.8 Grace period (years) .. .. .. .. .. .. .. 10.3 Grant element (%) .. .. .. .. .. .. .. 76.1 Official creditors Interest (%) .. .. .. .. .. .. .. 1.2 Maturity (years) .. .. .. .. .. .. .. 39.8 Grace period (years) .. .. .. .. .. .. .. 10.3 Grant element (%) .. .. .. .. .. .. .. 76.1 Private creditors Interest (%) .. .. .. .. .. .. .. 0.0 Maturity (years) .. .. .. .. .. .. .. 0.0 Grace period (years) .. .. .. .. .. .. .. 0.0 Grant element (%) .. .. .. .. .. .. .. 0.0 10. CONTRACTUAL OBLIGATIONS ON OUTSTANDING LONG-TERM DEBT 2007 2008 2009 2010 2011 2012 2013 2014 TOTAL Principal 4 4 4 4 4 9 24 35 Interest 26 27 28 29 29 29 29 29 Official creditors Principal 4 4 4 4 4 9 24 35 Interest 26 27 28 29 29 29 29 29 Bilateral creditors Principal 0 0 0 0 0 2 6 10 Interest 18 18 18 18 18 18 18 18 Multilateral creditors Principal 4 4 4 4 4 7 18 25 Interest 8 9 10 10 10 11 11 11 Private creditors Principal 0 0 0 0 0 0 0 0 Interest 0 0 0 0 0 0 0 0 Notes: The 2006 data are World Bank staff estimates based on report provided by the country. The effects of the 2006 Paris Club rescheduling, and debt forgiveness from Russian Federation are reflected in the 2006 data. 32 ALBANIA (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 1. SUMMARY DEBT DATA TOTAL DEBT STOCKS (EDT) .. 456 1,061 1,118 1,484 1,547 1,842 2,340 Long-term debt (LDOD) .. 330 936 1,008 1,244 1,449 1,462 1,672 Public and publicly guaranteed .. 330 921 995 1,232 1,403 1,378 1,588 Private nonguaranteed .. 0 15 13 12 46 84 84 Use of IMF credit .. 65 88 81 90 97 92 93 Short-term debt .. 62 37 29 149 1 288 575 of which interest arrears on LDOD .. 2 3 1 1 1 1 1 Official creditors .. 2 1 0 0 0 0 0 Private creditors .. 0 3 1 1 1 1 1 Memorandum items Principal arrears on LDOD .. 27 271 16 16 16 16 16 Official creditors .. 18 255 0 0 0 0 0 Private creditors .. 9 16 16 16 16 16 16 TOTAL DEBT FLOWS Disbursements .. 80 138 157 147 197 168 191 Long-term debt .. 70 120 152 136 185 157 184 IMF purchases .. 11 19 5 11 12 12 7 Principal repayments .. 2 16 36 38 52 49 84 Long-term debt .. 0 9 22 28 42 40 73 IMF repurchases .. 1 7 14 10 9 9 11 Net flows on debt .. -99 130 122 230 -3 406 393 of which short-term debt .. -178 8 1 120 -148 287 287 Interest payments (INT) .. 9 11 23 19 23 31 48 Long-term debt .. 5 8 22 16 21 25 29 IMF charges .. 1 1 1 0 0 0 1 Short-term debt .. 3 2 1 3 1 6 18 Net transfers on debt .. -108 119 98 211 -26 375 346 Total debt service paid (TDS) .. 10 27 59 57 75 80 132 Long-term debt .. 5 17 44 44 63 65 102 IMF repurchases and charges .. 2 8 14 10 10 10 12 Short-term debt (interest only) .. 3 2 1 3 1 6 18 2. OTHER NET RESOURCE FLOWS (LONG-TERM) Net flow of long-term debt (ex. IMF) .. 69 110 130 108 142 117 110 Foreign direct investment (net) .. 70 143 135 178 341 262 325 Portfolio equity flows .. 0 0 0 0 0 0 0 Grants (excluding technical coop.) .. 77 161 107 112 109 154 147 of which: Debt forgiveness grants .. .. 0 0 0 0 0 0 IDA grants .. .. .. 0 0 0 0 0 Memo: technical coop. grants .. 33 54 81 145 92 91 100 Interest on long-term debt .. 5 8 22 16 21 25 29 Profit remittances on FDI .. 4 0 1 1 0 2 5 3. MAJOR ECONOMIC AGGREGATES Gross national income (GNI) .. 2,483 3,790 4,577 5,820 7,646 8,544 9,273 Exports of goods, serv. & inc. (XGS) .. 760 1,350 1,707 2,140 2,839 3,208 3,805 Worker remit. & comp. of employees .. 427 598 734 889 1,161 1,290 1,359 Imports of goods & services (MGS) .. 865 1,509 2,096 2,610 3,278 3,913 4,569 International reserves (RES) .. 265 646 866 1,038 1,388 1,440 1,813 Current account balance .. -12 -156 -408 -407 -358 -571 -671 4. DEBT INDICATORS EDT / XGS (%) .. 60.0 78.6 65.5 69.4 54.5 57.4 61.5 EDT / GNI (%) .. 18.4 28.0 24.4 25.5 20.2 21.6 25.2 TDS / XGS (%) .. 1.4 2.0 3.5 2.6 2.6 2.5 3.5 INT / XGS (%) .. 1.2 0.8 1.4 0.9 0.8 1.0 1.3 INT / GNI (%) .. 0.4 0.3 0.5 0.3 0.3 0.4 0.5 RES / EDT (%) .. 58.1 60.9 77.5 70.0 89.7 78.1 77.5 RES / MGS (months) .. 3.7 5.1 5.0 4.8 5.1 4.4 4.8 Short-term / EDT (%) .. 13.7 3.5 2.6 10.1 0.1 15.6 24.6 Concessional / EDT (%) .. 57.1 52.2 76.7 71.6 78.3 64.4 57.5 Multilateral / EDT (%) .. 25.1 40.2 52.0 49.8 56.6 47.2 43.5 33 ALBANIA (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 5. LONG-TERM DEBT DEBT OUTSTANDING (LDOD) .. 330 936 1,008 1,244 1,449 1,462 1,672 Public and publicly guaranteed .. 330 921 995 1,232 1,403 1,378 1,588 Official creditors .. 305 899 973 1,209 1,380 1,356 1,565 Multilateral .. 115 426 581 739 876 870 1,018 Concessional .. 110 368 518 640 748 740 839 Bilateral .. 190 473 392 469 503 486 547 Concessional .. 151 186 340 423 463 448 508 Private creditors .. 25 22 22 23 23 22 23 of which: Bonds .. 0 0 0 0 0 0 0 Commercial banks .. 0 0 0 0 0 0 0 Private nonguaranteed .. 0 15 13 12 46 84 84 Bonds .. 0 0 0 0 0 0 0 Commercial banks and other .. 0 15 13 12 46 84 84 Memo: IBRD .. 0 0 0 0 0 0 0 IDA .. 109 346 476 583 677 655 729 Public sector LDOD .. 330 920 992 1,228 1,403 1,378 1,588 Private sector LDOD .. 0 16 16 16 46 84 84 DISBURSEMENTS .. 70 120 152 136 185 157 184 Public and publicly guaranteed .. 70 120 149 136 148 121 168 Official creditors .. 70 120 149 136 148 121 168 Multilateral .. 48 101 109 107 113 83 115 Concessional .. 43 67 92 76 84 55 71 Bilateral .. 22 19 40 30 35 38 53 Concessional .. 22 11 39 30 35 38 53 Private creditors .. 0 0 0 0 0 0 0 of which: Bonds .. 0 0 0 0 0 0 0 Commercial banks .. 0 0 0 0 0 0 0 Private nonguaranteed .. 0 0 3 0 36 35 15 Bonds .. 0 0 0 0 0 0 0 Commercial banks and other .. 0 0 3 0 36 35 15 Memo: IBRD .. 0 0 0 0 0 0 0 IDA .. 43 64 79 61 67 34 46 PRINCIPAL REPAYMENTS .. 0 9 22 28 42 40 73 Public and publicly guaranteed .. 0 9 20 26 36 39 50 Official creditors .. 0 8 20 26 36 39 47 Multilateral .. 0 2 8 13 15 17 20 Concessional .. 0 1 2 3 6 8 8 Bilateral .. 0 6 12 13 20 21 27 Concessional .. 0 3 8 7 14 15 23 Private creditors .. 0 1 0 0 1 1 3 of which: Bonds .. 0 0 0 0 0 0 0 Commercial banks .. 0 0 0 0 0 0 0 Private nonguaranteed .. 0 0 2 2 6 1 23 Bonds .. 0 0 0 0 0 0 0 Commercial banks and other .. 0 0 2 2 6 1 23 Memo: IBRD .. 0 0 0 0 0 0 0 IDA .. 0 0 0 1 3 4 5 INTEREST PAYMENTS (LINT) .. 5 8 22 16 21 25 29 Public and publicly guaranteed .. 5 7 17 15 20 23 25 Official creditors .. 4 7 17 15 20 23 25 Multilateral .. 1 4 6 8 12 14 14 Concessional .. 1 3 3 5 7 7 7 Bilateral .. 3 3 11 7 8 9 11 Concessional .. 2 3 9 6 7 8 9 Private creditors .. 1 0 0 0 0 0 0 of which: Bonds .. 0 0 0 0 0 0 0 Commercial banks .. 0 0 0 0 0 0 0 Private nonguaranteed .. 0 1 5 1 1 2 4 Bonds .. 0 0 0 0 0 0 0 Commercial banks and other .. 0 1 5 1 1 2 4 Memo: IBRD .. 0 0 0 0 0 0 0 IDA .. 1 2 3 4 5 5 6 34 ALBANIA (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 6. CURRENCY COMPOSITION OF PUBLIC AND PUBLICLY GUARANTEED DEBT (PERCENT) Euro .. .. .. 27.0 28.9 29.4 28.8 31.9 Japanese yen .. 2.5 3.2 2.8 3.0 3.4 3.9 3.4 Pound sterling .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Swiss franc .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 U.S.dollars .. 60.9 73.2 62.1 60.4 59.2 58.9 55.2 7. DEBT RESTRUCTURINGS Total amount rescheduled .. 6 28 75 15 0 10 9 Debt stock rescheduled .. 225 0 0 0 0 0 0 Principal rescheduled .. 0 22 75 0 0 0 0 Official .. 0 21 75 0 0 0 0 Private .. 0 0 0 0 0 0 0 Interest rescheduled .. 0 2 0 0 0 0 0 Official .. 0 2 0 0 0 0 0 Private .. 0 0 0 0 0 0 0 Debt forgiven .. 0 0 0 0 4 0 2 Memo: interest forgiven .. 0 0 0 0 0 0 0 Debt stock reduction .. 146 0 180 0 0 0 0 of which debt buyback .. 30 0 0 0 0 0 0 8. DEBT STOCK-FLOW RECONCILIATION Total change in debt stocks .. -427 352 23 366 63 295 498 Net flows on debt .. -99 130 122 230 -3 406 393 Cross-currency valuation .. 8 -35 78 116 63 -121 86 9. AVERAGE TERMS OF NEW COMMITMENTS ALL CREDITORS Interest (%) .. 3.3 3.5 1.2 1.8 2.3 2.3 1.8 Maturity (years) .. 25.2 29.7 32.1 27.1 19.8 20.2 25.2 Grace period (years) .. 7.7 10.5 9.4 11.9 7.6 7.3 13.0 Grant element (%) .. 50.7 54.5 70.0 66.6 52.6 52.8 67.2 Official creditors Interest (%) .. 3.4 3.5 1.2 1.8 2.3 2.3 3.4 Maturity (years) .. 25.3 29.7 32.1 27.1 19.8 20.2 20.2 Grace period (years) .. 7.5 10.5 9.4 11.9 7.6 7.3 6.6 Grant element (%) .. 50.5 54.5 70.0 66.6 52.6 52.8 44.7 Private creditors Interest (%) .. 3.0 0.0 0.0 0.0 0.0 0.0 0.3 Maturity (years) .. 22.7 0.0 0.0 0.0 0.0 0.0 29.9 Grace period (years) .. 11.7 0.0 0.0 0.0 0.0 0.0 18.8 Grant element (%) .. 55.9 0.0 0.0 0.0 0.0 0.0 87.7 10. CONTRACTUAL OBLIGATIONS ON OUTSTANDING LONG-TERM DEBT 2007 2008 2009 2010 2011 2012 2013 2014 TOTAL Principal 74 85 89 107 112 113 115 118 Interest 38 42 43 43 41 38 34 31 Official creditors Principal 60 74 79 96 101 103 105 108 Interest 33 37 39 39 38 35 31 28 Bilateral creditors Principal 30 37 37 37 39 40 37 36 Interest 12 13 12 12 11 10 9 9 Multilateral creditors Principal 30 38 42 59 63 63 68 72 Interest 21 24 26 27 26 24 22 19 Private creditors Principal 14 11 10 10 10 10 10 10 Interest 5 5 5 4 4 3 3 3 Notes: Private nonguaranteed debt data are World Bank staff estimates. Short-term debt data are based on government statistics. 35 ALGERIA (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 1. SUMMARY DEBT DATA TOTAL DEBT STOCKS (EDT) 28,149 33,042 25,272 22,828 23,523 22,158 16,839 5,583 Long-term debt (LDOD) 26,688 31,303 23,332 21,390 22,389 21,084 16,323 5,042 Public and publicly guaranteed 26,688 31,303 23,332 21,283 21,831 20,374 15,457 3,738 Private nonguaranteed 0 0 0 107 559 710 866 1,304 Use of IMF credit 670 1,478 1,718 1,330 988 643 0 0 Short-term debt 791 261 222 108 146 431 516 541 of which interest arrears on LDOD 0 3 0 0 0 0 0 0 Official creditors 0 0 0 0 0 0 0 0 Private creditors 0 3 0 0 0 0 0 0 Memorandum items Principal arrears on LDOD 1 1 0 0 0 0 0 0 Official creditors 0 0 0 0 0 0 0 0 Private creditors 0 1 0 0 0 0 0 0 TOTAL DEBT FLOWS Disbursements 7,017 4,157 1,215 1,605 1,919 2,112 1,235 653 Long-term debt 7,017 3,683 1,215 1,605 1,919 2,112 1,235 653 IMF purchases 0 475 0 0 0 0 0 0 Principal repayments 6,780 2,419 2,817 2,950 3,217 4,707 5,060 12,726 Long-term debt 6,780 2,248 2,724 2,652 2,779 4,335 4,448 12,726 IMF repurchases 0 171 93 297 439 372 612 0 Net flows on debt -811 1,361 -1,575 -1,436 -1,260 -2,309 -3,740 -12,048 of which short-term debt -1,049 -378 27 -91 38 285 85 25 Interest payments (INT) 2,025 1,832 1,655 1,218 1,085 1,033 921 626 Long-term debt 1,784 1,741 1,552 1,168 1,057 1,001 888 610 IMF charges 62 69 92 43 24 22 18 1 Short-term debt 179 22 10 7 4 10 15 15 Net transfers on debt -2,836 -471 -3,230 -2,654 -2,346 -3,342 -4,661 -12,674 Total debt service paid (TDS) 8,804 4,250 4,471 4,168 4,303 5,740 5,981 13,351 Long-term debt 8,564 3,989 4,276 3,821 3,836 5,337 5,337 13,335 IMF repurchases and charges 62 240 185 340 463 393 630 1 Short-term debt (interest only) 179 22 10 7 4 10 15 15 2. OTHER NET RESOURCE FLOWS (LONG-TERM) Net flow of long-term debt (ex. IMF) 237 1,435 -1,509 -1,047 -860 -2,223 -3,214 -12,073 Foreign direct investment (net) 0 0 438 1,065 634 882 1,081 1,795 Portfolio equity flows 0 0 0 0 0 0 0 0 Grants (excluding technical coop.) 45 70 62 95 71 99 149 118 of which: Debt forgiveness grants .. .. 0 0 0 0 38 24 IDA grants .. .. .. 0 0 0 0 0 Memo: technical coop. grants 106 101 76 97 146 189 199 199 Interest on long-term debt 1,784 1,741 1,552 1,168 1,057 1,001 888 610 Profit remittances on FDI 151 0 0 0 0 0 0 0 3. MAJOR ECONOMIC AGGREGATES Gross national income (GNI) 59,955 39,574 52,080 54,823 65,319 81,414 96,706 107,324 Exports of goods, serv. & inc. (XGS) 13,887 .. .. .. .. .. .. .. Worker remit. & comp. of employees 352 1,120 790 1,070 1,750 2,460 1,950 2,527 Imports of goods & services (MGS) 12,448 .. .. .. .. .. .. .. International reserves (RES) 2,703 4,164 13,556 25,151 35,455 45,692 59,167 81,463 Current account balance 1,420 .. .. .. .. .. .. .. 4. DEBT INDICATORS EDT / XGS (%) 202.7 .. .. .. .. .. .. .. EDT / GNI (%) 47.0 83.5 48.5 41.6 36.0 27.2 17.4 5.2 TDS / XGS (%) 63.4 .. .. .. .. .. .. .. INT / XGS (%) 14.6 .. .. .. .. .. .. .. INT / GNI (%) 3.4 4.6 3.2 2.2 1.7 1.3 1.0 0.6 RES / EDT (%) 9.6 12.6 53.6 110.2 150.7 206.2 351.4 1,459.2 RES / MGS (months) 2.6 .. .. .. .. .. .. .. Short-term / EDT (%) 2.8 0.8 0.9 0.5 0.6 1.9 3.1 9.7 Concessional / EDT (%) 3.1 9.4 12.4 12.4 12.9 14.6 15.9 28.5 Multilateral / EDT (%) 7.2 11.8 16.3 17.0 17.5 15.8 14.5 3.9 36 ALGERIA (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 5. LONG-TERM DEBT DEBT OUTSTANDING (LDOD) 26,688 31,303 23,332 21,390 22,389 21,084 16,323 5,042 Public and publicly guaranteed 26,688 31,303 23,332 21,283 21,831 20,374 15,457 3,738 Official creditors 5,866 15,685 17,480 16,336 16,839 15,710 12,217 1,940 Multilateral 2,031 3,915 4,123 3,880 4,112 3,508 2,444 218 Concessional 76 317 442 403 485 564 599 57 Bilateral 3,835 11,770 13,357 12,456 12,727 12,202 9,773 1,722 Concessional 784 2,792 2,688 2,427 2,538 2,680 2,079 1,535 Private creditors 20,822 15,618 5,851 4,947 4,992 4,664 3,240 1,798 of which: Bonds 1,420 0 0 0 0 0 0 0 Commercial banks 5,851 4,529 2,508 2,034 1,802 1,455 1,039 29 Private nonguaranteed 0 0 0 107 559 710 866 1,304 Bonds 0 0 0 0 0 0 0 0 Commercial banks and other 0 0 0 107 559 710 866 1,304 Memo: IBRD 1,208 2,049 1,425 1,203 1,056 909 779 119 IDA 0 0 0 0 0 0 0 0 Public sector LDOD 26,608 31,214 23,210 21,140 21,658 20,170 15,282 3,679 Private sector LDOD 80 89 122 250 732 914 1,041 1,363 DISBURSEMENTS 7,017 3,683 1,215 1,605 1,919 2,112 1,235 653 Public and publicly guaranteed 7,017 3,683 1,215 1,528 1,468 1,828 772 201 Official creditors 1,835 1,596 795 491 636 907 431 126 Multilateral 612 932 349 386 566 424 358 67 Concessional 9 169 39 34 129 131 59 48 Bilateral 1,223 664 446 105 70 483 73 59 Concessional 282 501 152 80 62 464 69 59 Private creditors 5,182 2,087 420 1,037 832 921 341 75 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 206 222 0 251 25 10 8 4 Private nonguaranteed 0 0 0 77 451 285 463 451 Bonds 0 0 0 0 0 0 0 0 Commercial banks and other 0 0 0 77 451 285 463 451 Memo: IBRD 300 554 58 70 50 40 31 16 IDA 0 0 0 0 0 0 0 0 PRINCIPAL REPAYMENTS 6,780 2,248 2,724 2,652 2,779 4,335 4,448 12,726 Public and publicly guaranteed 6,780 2,248 2,724 2,592 2,768 4,120 4,220 12,574 Official creditors 1,174 671 1,058 1,499 1,536 2,688 2,822 10,851 Multilateral 312 454 351 644 521 1,201 1,190 2,340 Concessional 6 13 53 65 55 52 26 596 Bilateral 862 217 707 855 1,015 1,487 1,632 8,511 Concessional 97 42 223 234 263 431 446 755 Private creditors 5,606 1,577 1,666 1,093 1,231 1,431 1,398 1,723 of which: Bonds 16 278 0 0 0 0 0 0 Commercial banks 1,330 220 439 334 358 380 347 1,030 Private nonguaranteed 0 0 0 60 11 216 229 151 Bonds 0 0 0 0 0 0 0 0 Commercial banks and other 0 0 0 60 11 216 229 151 Memo: IBRD 130 260 172 200 202 189 156 677 IDA 0 0 0 0 0 0 0 0 INTEREST PAYMENTS (LINT) 1,784 1,741 1,552 1,168 1,057 1,001 888 610 Public and publicly guaranteed 1,784 1,741 1,552 1,164 1,055 984 863 557 Official creditors 312 823 1,131 966 875 813 707 435 Multilateral 117 251 297 304 253 217 163 118 Concessional 6 8 16 16 18 25 25 26 Bilateral 195 572 834 662 622 596 544 316 Concessional 17 82 108 87 87 78 67 56 Private creditors 1,472 917 421 198 180 171 156 122 of which: Bonds 105 13 0 0 0 0 0 0 Commercial banks 526 251 146 64 42 37 34 30 Private nonguaranteed 0 0 0 5 3 17 25 53 Bonds 0 0 0 0 0 0 0 0 Commercial banks and other 0 0 0 5 3 17 25 53 Memo: IBRD 73 137 128 104 85 60 46 21 IDA 0 0 0 0 0 0 0 0 37 ALGERIA (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 6. CURRENCY COMPOSITION OF PUBLIC AND PUBLICLY GUARANTEED DEBT (PERCENT) Euro .. .. .. 32.8 37.6 42.0 40.5 56.8 Japanese yen 15.1 13.1 14.5 13.2 12.8 11.1 8.2 6.4 Pound sterling 1.5 0.9 1.0 1.4 1.7 2.0 1.4 0.0 Swiss franc 0.8 0.7 0.5 0.9 0.9 1.0 0.8 0.1 U.S.dollars 33.5 38.0 44.7 42.8 37.4 36.2 41.0 31.4 7. DEBT RESTRUCTURINGS Total amount rescheduled 0 5,096 0 0 0 0 0 0 Debt stock rescheduled 0 0 0 0 0 0 0 0 Principal rescheduled 0 4,405 0 0 0 0 0 0 Official 0 529 0 0 0 0 0 0 Private 0 3,875 0 0 0 0 0 0 Interest rescheduled 0 380 0 0 0 0 0 0 Official 0 68 0 0 0 0 0 0 Private 0 312 0 0 0 0 0 0 Debt forgiven 0 0 0 0 0 0 0 0 Memo: interest forgiven 0 0 0 0 0 0 0 0 Debt stock reduction 0 0 0 0 0 0 0 0 of which debt buyback 0 0 0 0 0 0 0 0 8. DEBT STOCK-FLOW RECONCILIATION Total change in debt stocks 912 2,809 -2,727 262 695 -1,364 -5,319 -11,257 Net flows on debt -811 1,361 -1,575 -1,436 -1,260 -2,309 -3,740 -12,048 Cross-currency valuation 1,669 687 -1,144 1,684 1,950 922 -1,589 774 9. AVERAGE TERMS OF NEW COMMITMENTS ALL CREDITORS Interest (%) 8.4 6.5 6.2 2.9 2.5 3.6 3.2 1.4 Maturity (years) 9.1 10.8 11.2 14.7 10.1 12.0 11.5 15.3 Grace period (years) 2.5 2.8 3.0 3.9 2.8 2.6 2.7 3.3 Grant element (%) 6.9 14.9 16.9 35.4 31.6 28.6 22.6 47.0 Official creditors Interest (%) 7.0 6.2 6.2 2.9 2.0 3.0 3.4 0.5 Maturity (years) 16.8 11.7 14.9 22.0 14.0 13.3 11.9 16.8 Grace period (years) 4.0 3.3 4.1 6.5 4.2 3.2 2.8 3.3 Grant element (%) 19.5 17.1 20.9 49.1 43.3 34.8 21.1 53.6 Private creditors Interest (%) 8.9 7.2 6.2 3.0 2.9 4.0 2.6 3.4 Maturity (years) 6.6 8.9 7.4 7.9 6.5 11.1 9.6 12.1 Grace period (years) 2.0 1.9 1.9 1.5 1.5 2.2 2.0 3.1 Grant element (%) 2.8 10.4 12.8 22.6 20.9 24.3 28.9 32.8 10. CONTRACTUAL OBLIGATIONS ON OUTSTANDING LONG-TERM DEBT 2007 2008 2009 2010 2011 2012 2013 2014 TOTAL Principal 976 882 724 521 401 436 301 312 Interest 199 162 127 100 81 67 56 46 Official creditors Principal 228 221 188 213 148 147 156 187 Interest 62 59 54 51 45 41 37 33 Bilateral creditors Principal 199 186 160 181 112 111 120 151 Interest 48 43 38 35 29 26 24 21 Multilateral creditors Principal 30 35 28 32 36 36 36 36 Interest 13 15 16 16 16 15 13 12 Private creditors Principal 747 661 536 309 253 289 145 125 Interest 138 104 73 49 36 26 19 14 Notes: Short-term debt is reported by the country. 38 ANGOLA (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 1. SUMMARY DEBT DATA TOTAL DEBT STOCKS (EDT) 8,592 11,500 9,412 8,746 8,702 9,347 11,782 9,563 Long-term debt (LDOD) 7,603 9,543 8,089 7,537 7,627 8,153 9,468 7,398 Public and publicly guaranteed 7,603 9,543 8,089 7,537 7,627 8,153 9,468 7,398 Private nonguaranteed 0 0 0 0 0 0 0 0 Use of IMF credit 0 0 0 0 0 0 0 0 Short-term debt 989 1,958 1,323 1,208 1,075 1,194 2,313 2,165 of which interest arrears on LDOD 204 1,232 874 961 891 671 574 194 Official creditors 52 276 252 287 304 411 356 79 Private creditors 152 956 622 674 587 259 218 115 Memorandum items Principal arrears on LDOD 496 4,190 2,853 3,413 3,527 2,159 1,855 764 Official creditors 86 1,098 735 941 1,026 1,090 938 291 Private creditors 410 3,093 2,118 2,472 2,502 1,069 917 473 TOTAL DEBT FLOWS Disbursements 862 550 1,046 1,173 1,866 2,602 3,652 1,222 Long-term debt 862 550 1,046 1,173 1,866 2,602 3,652 1,222 IMF purchases 0 0 0 0 0 0 0 0 Principal repayments 183 332 1,530 1,285 1,317 1,700 2,285 3,418 Long-term debt 183 332 1,530 1,285 1,317 1,700 2,285 3,418 IMF repurchases 0 0 0 0 0 0 0 0 Net flows on debt 977 -90 -732 -310 487 1,241 2,583 -1,964 of which short-term debt 298 -308 -248 -198 -63 339 1,216 232 Interest payments (INT) 143 132 175 159 166 174 313 878 Long-term debt 100 79 149 140 160 165 256 795 IMF charges 0 0 0 0 0 0 0 0 Short-term debt 43 53 26 19 6 9 57 83 Net transfers on debt 834 -222 -907 -469 321 1,067 2,271 -2,842 Total debt service paid (TDS) 326 464 1,705 1,443 1,483 1,874 2,598 4,296 Long-term debt 283 411 1,680 1,425 1,476 1,866 2,541 4,213 IMF repurchases and charges 0 0 0 0 0 0 0 0 Short-term debt (interest only) 43 53 26 19 6 9 57 83 2. OTHER NET RESOURCE FLOWS (LONG-TERM) Net flow of long-term debt (ex. IMF) 679 218 -484 -112 550 902 1,367 -2,196 Foreign direct investment (net) -335 472 879 1,672 3,505 1,449 -1,304 -38 Portfolio equity flows 0 0 0 0 0 0 0 0 Grants (excluding technical coop.) 192 328 206 336 412 363 323 300 of which: Debt forgiveness grants .. .. 0 0 0 0 0 0 IDA grants .. .. .. 0 0 3 6 16 Memo: technical coop. grants 36 73 47 61 80 72 83 75 Interest on long-term debt 100 79 149 140 160 165 256 795 Profit remittances on FDI 314 386 929 1,100 1,264 1,950 3,406 5,278 3. MAJOR ECONOMIC AGGREGATES Gross national income (GNI) 8,214 3,688 7,449 9,791 12,230 17,295 26,601 39,660 Exports of goods, serv. & inc. (XGS) 4,003 3,852 8,222 8,552 9,722 13,831 24,312 33,492 Worker remit. & comp. of employees 0 0 0 0 0 0 0 0 Imports of goods & services (MGS) 4,161 4,302 7,454 8,734 10,540 13,151 19,201 22,612 International reserves (RES) .. 213 1,198 376 634 1,374 3,197 8,599 Current account balance -236 -295 796 -150 -720 686 5,138 10,690 4. DEBT INDICATORS EDT / XGS (%) 214.6 298.6 114.5 102.3 89.5 67.6 48.5 28.6 EDT / GNI (%) 104.6 311.9 126.3 89.3 71.2 54.0 44.3 24.1 TDS / XGS (%) 8.1 12.0 20.7 16.9 15.3 13.5 10.7 12.8 INT / XGS (%) 3.6 3.4 2.1 1.9 1.7 1.3 1.3 2.6 INT / GNI (%) 1.7 3.6 2.4 1.6 1.4 1.0 1.2 2.2 RES / EDT (%) .. 1.9 12.7 4.3 7.3 14.7 27.1 89.9 RES / MGS (months) .. 0.6 1.9 0.5 0.7 1.3 2.0 4.6 Short-term / EDT (%) 11.5 17.0 14.1 13.8 12.4 12.8 19.6 22.6 Concessional / EDT (%) 13.9 13.0 19.1 9.9 11.0 17.7 14.9 20.6 Multilateral / EDT (%) 0.7 1.7 3.2 3.7 4.1 4.1 3.2 4.2 39 ANGOLA (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 5. LONG-TERM DEBT DEBT OUTSTANDING (LDOD) 7,603 9,543 8,089 7,537 7,627 8,153 9,468 7,398 Public and publicly guaranteed 7,603 9,543 8,089 7,537 7,627 8,153 9,468 7,398 Official creditors 1,839 2,226 2,708 2,099 2,326 3,308 3,169 2,602 Multilateral 57 191 299 322 357 387 379 403 Concessional 20 119 257 298 330 375 374 401 Bilateral 1,782 2,035 2,409 1,777 1,970 2,921 2,790 2,198 Concessional 1,177 1,371 1,538 566 623 1,280 1,380 1,570 Private creditors 5,765 7,316 5,382 5,438 5,301 4,845 6,299 4,796 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 143 873 2,625 2,598 2,884 3,471 5,048 3,970 Private nonguaranteed 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 Commercial banks and other 0 0 0 0 0 0 0 0 Memo: IBRD 0 0 0 0 0 0 0 0 IDA 0 81 226 265 291 318 319 347 Public sector LDOD 7,599 9,513 8,063 7,511 7,604 8,141 9,457 7,391 Private sector LDOD 5 29 26 26 24 12 12 7 DISBURSEMENTS 862 550 1,046 1,173 1,866 2,602 3,652 1,222 Public and publicly guaranteed 862 550 1,046 1,173 1,866 2,602 3,652 1,222 Official creditors 169 119 36 22 152 561 310 505 Multilateral 5 30 25 21 10 25 35 21 Concessional 4 30 25 21 6 24 35 21 Bilateral 164 89 10 1 142 536 275 484 Concessional 54 33 10 1 7 4 179 352 Private creditors 693 431 1,011 1,151 1,714 2,041 3,343 717 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 17 396 1,010 1,150 1,712 1,969 3,236 573 Private nonguaranteed 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 Commercial banks and other 0 0 0 0 0 0 0 0 Memo: IBRD 0 0 0 0 0 0 0 0 IDA 0 30 24 21 5 19 30 18 PRINCIPAL REPAYMENTS 183 332 1,530 1,285 1,317 1,700 2,285 3,418 Public and publicly guaranteed 183 332 1,530 1,285 1,317 1,700 2,285 3,418 Official creditors 59 24 268 51 87 523 505 1,184 Multilateral 4 2 27 6 6 9 8 15 Concessional 0 0 4 3 4 7 6 12 Bilateral 56 22 241 45 81 515 497 1,169 Concessional 1 3 213 2 0 263 266 219 Private creditors 123 308 1,262 1,234 1,229 1,177 1,780 2,234 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 8 108 1,149 1,168 995 957 1,654 1,658 Private nonguaranteed 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 Commercial banks and other 0 0 0 0 0 0 0 0 Memo: IBRD 0 0 0 0 0 0 0 0 IDA 0 0 0 3 4 6 5 5 INTEREST PAYMENTS (LINT) 100 79 149 140 160 165 256 795 Public and publicly guaranteed 100 79 149 140 160 165 256 795 Official creditors 19 12 36 10 13 22 61 359 Multilateral 2 1 28 3 3 4 4 7 Concessional 0 0 4 2 2 4 3 7 Bilateral 16 12 8 7 10 18 57 351 Concessional 1 7 2 1 0 2 30 102 Private creditors 81 67 113 130 147 143 195 436 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 5 33 93 115 124 100 160 310 Private nonguaranteed 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 Commercial banks and other 0 0 0 0 0 0 0 0 Memo: IBRD 0 0 0 0 0 0 0 0 IDA 0 0 2 2 2 3 3 3 40 ANGOLA (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 6. CURRENCY COMPOSITION OF PUBLIC AND PUBLICLY GUARANTEED DEBT (PERCENT) Euro .. .. .. 8.9 7.8 11.3 8.2 7.2 Japanese yen 0.3 0.3 0.5 0.5 0.5 0.5 0.3 0.1 Pound sterling 1.4 0.9 1.0 1.1 1.2 1.2 0.9 0.2 Swiss franc 0.7 0.1 0.1 0.0 0.0 0.0 0.0 0.0 U.S.dollars 80.7 81.0 86.2 84.5 85.0 83.3 87.6 89.3 7. DEBT RESTRUCTURINGS Total amount rescheduled 252 437 0 0 196 985 0 0 Debt stock rescheduled 53 0 0 0 138 0 0 0 Principal rescheduled 160 360 1 0 5 730 0 0 Official 16 0 0 0 1 656 0 0 Private 143 360 1 0 4 74 0 0 Interest rescheduled 43 70 0 0 0 277 0 0 Official 8 0 0 0 0 243 0 0 Private 35 70 0 0 0 34 0 0 Debt forgiven 0 0 0 0 0 159 107 394 Memo: interest forgiven 0 0 0 0 0 40 16 5 Debt stock reduction 0 0 0 8 0 2 0 0 of which debt buyback 0 0 0 0 0 0 0 0 8. DEBT STOCK-FLOW RECONCILIATION Total change in debt stocks 1,303 207 -889 307 -43 644 2,435 -2,218 Net flows on debt 977 -90 -732 -310 487 1,241 2,583 -1,964 Cross-currency valuation 150 76 -78 154 189 80 -179 126 9. AVERAGE TERMS OF NEW COMMITMENTS ALL CREDITORS Interest (%) 6.9 8.1 4.9 5.2 3.6 3.0 6.6 4.7 Maturity (years) 10.2 8.7 4.3 3.7 6.9 10.4 12.1 9.9 Grace period (years) 2.6 0.4 1.6 0.9 0.8 1.1 1.8 1.1 Grant element (%) 14.3 5.4 11.4 9.0 19.7 25.3 14.9 21.4 Official creditors Interest (%) 5.7 8.1 0.8 0.8 3.5 3.1 6.5 1.1 Maturity (years) 14.1 9.9 39.8 49.6 17.1 13.5 13.9 10.9 Grace period (years) 3.7 0.4 10.3 10.1 4.1 1.5 2.0 1.5 Grant element (%) 22.0 6.4 80.6 83.0 34.1 31.2 16.8 37.3 Private creditors Interest (%) 7.7 8.1 5.0 5.2 3.6 2.9 6.6 8.0 Maturity (years) 7.7 8.6 3.1 3.2 6.1 6.8 7.7 9.0 Grace period (years) 1.8 0.4 1.3 0.8 0.5 0.6 1.3 0.8 Grant element (%) 9.1 5.4 9.1 8.3 18.5 18.3 10.4 6.8 10. CONTRACTUAL OBLIGATIONS ON OUTSTANDING LONG-TERM DEBT 2007 2008 2009 2010 2011 2012 2013 2014 TOTAL Principal 1,789 2,539 2,093 2,073 2,040 1,868 1,477 1,440 Interest 675 896 912 856 752 634 518 427 Official creditors Principal 773 1,228 1,225 1,219 1,196 1,195 1,190 1,164 Interest 244 507 615 623 584 531 462 392 Bilateral creditors Principal 766 1,219 1,216 1,209 1,186 1,183 1,173 1,147 Interest 241 504 611 619 580 527 459 388 Multilateral creditors Principal 8 9 9 9 11 13 17 18 Interest 3 4 4 4 4 4 4 3 Private creditors Principal 1,015 1,311 868 855 843 673 287 276 Interest 431 389 297 233 168 103 56 36 Notes: 0 41 ARGENTINA (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 1. SUMMARY DEBT DATA TOTAL DEBT STOCKS (EDT) 62,233 98,465 144,126 147,801 162,900 165,043 133,045 122,190 Long-term debt (LDOD) 48,676 70,979 110,755 118,605 124,935 124,313 87,075 87,151 Public and publicly guaranteed 46,876 54,913 84,845 90,126 96,548 100,502 60,674 64,711 Private nonguaranteed 1,800 16,066 25,909 28,479 28,387 23,811 26,401 22,441 Use of IMF credit 3,083 6,131 5,056 14,340 15,523 14,091 9,513 0 Short-term debt 10,473 21,355 28,315 14,856 22,443 26,640 36,457 35,039 of which interest arrears on LDOD 7,590 0 0 5,240 12,096 16,640 9,351 8,861 Official creditors 132 0 0 165 356 533 591 811 Private creditors 7,458 0 0 5,075 11,740 16,107 8,760 8,050 Memorandum items Principal arrears on LDOD 4,372 0 0 8,330 16,879 26,720 15,701 24,283 Official creditors 224 0 0 471 1,167 2,350 2,862 3,534 Private creditors 4,147 0 0 7,859 15,712 24,370 12,839 20,749 TOTAL DEBT FLOWS Disbursements 1,587 11,319 20,853 1,673 11,155 6,282 4,461 6,782 Long-term debt 1,150 8,954 18,759 1,673 5,554 2,813 4,461 6,782 IMF purchases 437 2,365 2,094 0 5,601 3,469 0 0 Principal repayments 3,443 3,532 15,679 3,201 12,222 10,466 7,509 14,821 Long-term debt 2,745 3,048 14,400 2,458 6,479 4,962 3,938 5,027 IMF repurchases 697 484 1,280 743 5,743 5,504 3,571 9,793 Net flows on debt -1,856 21,972 4,074 -1,912 -337 -4,531 14,058 -8,967 of which short-term debt 0 14,185 -1,100 -383 730 -347 17,106 -928 Interest payments (INT) 2,716 5,322 11,287 2,099 2,074 2,362 3,122 4,173 Long-term debt 2,208 4,320 9,360 1,230 1,270 1,550 2,268 3,043 IMF charges 277 274 195 677 504 554 510 83 Short-term debt 231 727 1,732 192 299 258 344 1,047 Net transfers on debt -4,571 16,650 -7,213 -4,011 -2,410 -6,894 10,935 -13,140 Total debt service paid (TDS) 6,158 8,854 26,966 5,300 14,296 12,828 10,632 18,994 Long-term debt 4,953 7,368 23,759 3,688 7,750 6,512 6,206 8,071 IMF repurchases and charges 975 759 1,475 1,420 6,247 6,058 4,082 9,876 Short-term debt (interest only) 231 727 1,732 192 299 258 344 1,047 2. OTHER NET RESOURCE FLOWS (LONG-TERM) Net flow of long-term debt (ex. IMF) -1,595 5,906 4,359 -785 -925 -2,149 523 1,755 Foreign direct investment (net) 1,836 5,609 10,418 2,149 1,652 4,125 5,265 4,840 Portfolio equity flows 0 1,552 -3,227 -116 65 -86 -48 662 Grants (excluding technical coop.) 21 36 31 54 40 33 28 47 of which: Debt forgiveness grants .. .. 0 0 9 0 0 0 IDA grants .. .. .. 0 0 0 0 0 Memo: technical coop. grants 71 84 53 56 65 63 61 55 Interest on long-term debt 2,208 4,320 9,360 1,230 1,270 1,550 2,268 3,043 Profit remittances on FDI 637 2,129 3,086 854 1,626 3,712 4,856 6,115 3. MAJOR ECONOMIC AGGREGATES Gross national income (GNI) 135,150 253,396 276,656 94,561 121,626 144,211 176,575 208,660 Exports of goods, serv. & inc. (XGS) 16,654 29,396 38,747 32,356 37,779 43,855 51,500 60,020 Worker remit. & comp. of employees 0 56 86 189 274 312 432 541 Imports of goods & services (MGS) 13,100 35,070 48,076 23,959 29,907 40,932 45,956 51,939 International reserves (RES) 6,222 15,979 25,152 10,492 14,157 19,660 28,082 32,022 Current account balance 4,552 -5,118 -8,981 8,767 8,140 3,217 5,691 8,092 4. DEBT INDICATORS EDT / XGS (%) 373.7 335.0 372.0 456.8 431.2 376.3 258.3 203.6 EDT / GNI (%) 46.0 38.9 52.1 156.3 133.9 114.4 75.3 58.6 TDS / XGS (%) 37.0 30.1 69.6 16.4 37.8 29.3 20.6 31.6 INT / XGS (%) 16.3 18.1 29.1 6.5 5.5 5.4 6.1 7.0 INT / GNI (%) 2.0 2.1 4.1 2.2 1.7 1.6 1.8 2.0 RES / EDT (%) 10.0 16.2 17.5 7.1 8.7 11.9 21.1 26.2 RES / MGS (months) 5.7 5.5 6.3 5.3 5.7 5.8 7.3 7.4 Short-term / EDT (%) 16.8 21.7 19.6 10.1 13.8 16.1 27.4 28.7 Concessional / EDT (%) 0.8 2.8 1.2 0.8 0.8 0.8 1.0 1.1 Multilateral / EDT (%) 8.0 9.5 11.3 11.3 10.1 9.9 11.7 12.1 42 ARGENTINA (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 5. LONG-TERM DEBT DEBT OUTSTANDING (LDOD) 48,676 70,979 110,755 118,605 124,935 124,313 87,075 87,151 Public and publicly guaranteed 46,876 54,913 84,845 90,126 96,548 100,502 60,674 64,711 Official creditors 11,226 20,658 20,484 21,298 21,358 21,472 20,315 19,800 Multilateral 5,007 9,373 16,235 16,727 16,381 16,271 15,542 14,841 Concessional 30 8 0 0 0 0 0 0 Bilateral 6,219 11,285 4,249 4,572 4,977 5,200 4,774 4,959 Concessional 498 2,737 1,686 1,182 1,281 1,372 1,265 1,291 Private creditors 35,650 34,255 64,361 68,828 75,190 79,030 40,359 44,910 of which: Bonds 11,514 32,670 63,834 68,375 74,653 78,462 39,851 44,380 Commercial banks 22,631 911 371 244 274 286 263 280 Private nonguaranteed 1,800 16,066 25,909 28,479 28,387 23,811 26,401 22,441 Bonds 21 7,582 11,138 9,834 9,834 6,091 8,772 10,138 Commercial banks and other 1,779 8,484 14,771 18,645 18,553 17,719 17,629 12,303 Memo: IBRD 2,609 4,913 8,789 8,513 7,508 7,447 6,881 6,206 IDA 0 0 0 0 0 0 0 0 Public sector LDOD 44,707 54,891 84,794 90,089 96,516 100,477 60,654 64,692 Private sector LDOD 3,969 16,088 25,961 28,516 28,419 23,836 26,421 22,460 DISBURSEMENTS 1,150 8,954 18,759 1,673 5,554 2,813 4,461 6,782 Public and publicly guaranteed 1,129 6,604 14,277 1,673 4,614 1,156 3,154 3,886 Official creditors 910 2,804 1,937 1,671 4,614 1,135 960 1,593 Multilateral 736 1,936 1,923 835 4,613 1,112 956 1,590 Concessional 0 0 0 0 0 0 0 0 Bilateral 174 868 13 836 0 23 4 4 Concessional 149 630 11 0 0 23 4 4 Private creditors 219 3,800 12,340 2 0 21 2,194 2,293 of which: Bonds 0 3,630 12,338 0 0 21 2,194 2,293 Commercial banks 183 109 2 2 0 0 0 0 Private nonguaranteed 21 2,350 4,482 0 940 1,656 1,307 2,896 Bonds 21 834 1,408 0 0 896 540 896 Commercial banks and other 0 1,516 3,075 0 940 760 767 2,001 Memo: IBRD 405 941 1,019 424 1,963 770 362 459 IDA 0 0 0 0 0 0 0 0 PRINCIPAL REPAYMENTS 2,745 3,048 14,400 2,458 6,479 4,962 3,938 5,027 Public and publicly guaranteed 2,745 1,783 8,896 2,385 5,648 1,818 1,672 2,551 Official creditors 454 1,356 1,837 2,372 5,351 1,351 1,489 2,354 Multilateral 405 512 825 2,266 5,319 1,319 1,462 2,349 Concessional 2 2 1 0 0 0 0 0 Bilateral 49 844 1,012 106 32 33 27 5 Concessional 0 58 262 57 9 8 5 2 Private creditors 2,292 427 7,059 13 297 467 183 197 of which: Bonds 878 128 6,842 0 295 466 182 195 Commercial banks 1,342 162 171 9 0 0 0 0 Private nonguaranteed 0 1,265 5,503 73 831 3,143 2,266 2,477 Bonds 0 631 2,309 0 0 1,565 680 1,303 Commercial banks and other 0 634 3,194 73 831 1,578 1,586 1,174 Memo: IBRD 233 259 538 1,353 2,968 832 928 1,134 IDA 0 0 0 0 0 0 0 0 INTEREST PAYMENTS (LINT) 2,208 4,320 9,360 1,230 1,270 1,550 2,268 3,043 Public and publicly guaranteed 2,064 3,435 7,319 1,174 1,152 702 1,560 1,393 Official creditors 456 1,374 1,589 1,079 1,007 666 749 831 Multilateral 375 617 1,256 1,006 983 660 744 827 Concessional 1 0 0 0 0 0 0 0 Bilateral 81 757 334 73 24 5 5 3 Concessional 0 113 92 24 1 2 3 3 Private creditors 1,608 2,062 5,730 95 145 36 812 562 of which: Bonds 973 1,960 5,588 0 145 36 811 562 Commercial banks 621 62 127 92 0 0 0 0 Private nonguaranteed 144 885 2,041 56 118 848 708 1,650 Bonds 0 641 1,109 0 0 675 585 1,135 Commercial banks and other 144 244 932 56 118 173 122 516 Memo: IBRD 181 306 701 517 382 233 288 346 IDA 0 0 0 0 0 0 0 0 43 ARGENTINA (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 6. CURRENCY COMPOSITION OF PUBLIC AND PUBLICLY GUARANTEED DEBT (PERCENT) Euro .. .. .. 25.7 28.8 29.9 32.6 34.2 Japanese yen 6.7 9.2 5.9 4.3 4.5 4.4 2.4 2.3 Pound sterling 1.1 0.2 0.6 0.4 0.4 0.4 0.1 0.1 Swiss franc 2.2 1.6 0.4 0.4 0.4 0.5 0.4 0.4 U.S.dollars 54.5 57.7 62.6 64.5 61.6 61.1 59.4 58.9 7. DEBT RESTRUCTURINGS Total amount rescheduled 932 248 0 0 0 0 20,136 0 Debt stock rescheduled 0 0 0 0 0 0 18,400 0 Principal rescheduled 512 198 0 0 0 0 0 0 Official 381 158 0 0 0 0 0 0 Private 131 40 0 0 0 0 0 0 Interest rescheduled 420 50 0 0 0 0 0 0 Official 382 22 0 0 0 0 0 0 Private 38 29 0 0 0 0 0 0 Debt forgiven 0 0 0 0 0 0 0 0 Memo: interest forgiven 0 0 0 0 0 0 10,995 0 Debt stock reduction 7,202 863 3,434 586 0 0 29,338 0 of which debt buyback 1,232 0 2,745 0 0 0 0 0 8. DEBT STOCK-FLOW RECONCILIATION Total change in debt stocks -3,024 23,646 1,690 -3,914 15,099 2,143 -31,998 -10,855 Net flows on debt -1,856 21,972 4,074 -1,912 -337 -4,531 14,058 -8,967 Cross-currency valuation 1,346 -153 -2,600 5,901 5,861 4,745 -6,222 2,600 9. AVERAGE TERMS OF NEW COMMITMENTS ALL CREDITORS Interest (%) 6.4 6.9 9.9 3.4 3.5 2.8 4.9 5.9 Maturity (years) 17.1 11.2 11.7 11.7 11.9 16.7 9.7 19.7 Grace period (years) 3.5 4.7 11.5 4.6 3.8 4.3 3.8 7.1 Grant element (%) 19.3 14.1 -2.7 28.2 32.3 42.7 20.2 27.1 Official creditors Interest (%) 6.5 6.5 7.2 3.4 3.5 2.8 3.9 5.2 Maturity (years) 19.2 16.3 18.2 11.7 11.9 16.7 17.6 20.3 Grace period (years) 4.0 4.7 4.8 4.6 3.8 4.3 4.7 5.0 Grant element (%) 20.6 19.7 17.2 28.2 32.3 42.7 37.4 31.1 Private creditors Interest (%) 6.0 7.4 10.0 0.0 0.0 0.0 5.0 8.4 Maturity (years) 8.4 4.8 11.6 0.0 0.0 0.0 8.4 17.5 Grace period (years) 1.3 4.6 11.6 0.0 0.0 0.0 3.7 14.5 Grant element (%) 14.1 7.2 -3.0 0.0 0.0 0.0 17.6 13.0 10. CONTRACTUAL OBLIGATIONS ON OUTSTANDING LONG-TERM DEBT 2007 2008 2009 2010 2011 2012 2013 2014 TOTAL Principal 6,880 7,283 4,337 3,978 3,147 2,991 1,921 1,808 Interest 3,338 2,917 2,637 2,575 2,358 2,172 2,022 1,921 Official creditors Principal 3,364 2,738 1,757 1,694 1,519 1,453 1,325 1,185 Interest 971 801 706 646 580 512 444 377 Bilateral creditors Principal 777 525 83 43 46 33 24 15 Interest 89 37 10 7 5 3 2 2 Multilateral creditors Principal 2,587 2,213 1,674 1,652 1,473 1,420 1,301 1,170 Interest 882 764 696 639 575 509 441 376 Private creditors Principal 3,516 4,545 2,580 2,283 1,628 1,537 597 623 Interest 2,367 2,116 1,931 1,929 1,777 1,660 1,578 1,543 Notes: Provincial debt, long-term private nonguaranteed debt data are World Bank staff estimates. Historical data revisions are due to the reversing process of converting to US$ the debt that was previously converted to Argentina Pesos. Includes the effects of June 2005 Bond restructuring. 44 ARMENIA (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 1. SUMMARY DEBT DATA TOTAL DEBT STOCKS (EDT) .. 371 916 1,386 1,770 1,873 1,861 2,073 Long-term debt (LDOD) .. 298 697 971 1,151 1,245 1,386 1,611 Public and publicly guaranteed .. 298 675 818 877 961 923 1,037 Private nonguaranteed .. 0 21 152 274 285 464 574 Use of IMF credit .. 70 175 195 215 218 176 164 Short-term debt .. 2 44 220 404 410 298 298 of which interest arrears on LDOD .. 1 6 0 0 0 0 0 Official creditors .. 1 6 0 0 0 0 0 Private creditors .. 0 0 0 0 0 0 0 Memorandum items Principal arrears on LDOD .. 75 4 0 0 0 0 0 Official creditors .. 75 4 0 0 0 0 0 Private creditors .. 0 0 0 0 0 0 0 TOTAL DEBT FLOWS Disbursements .. 148 84 147 247 163 196 290 Long-term debt .. 102 84 121 219 135 186 280 IMF purchases .. 46 0 26 28 28 10 10 Principal repayments .. 3 31 51 88 116 104 138 Long-term debt .. 3 15 33 62 81 69 106 IMF repurchases .. 0 16 18 26 35 34 31 Net flows on debt .. 147 42 279 343 53 -20 152 of which short-term debt .. 1 -11 184 184 6 -112 0 Interest payments (INT) .. 8 15 34 36 59 35 30 Long-term debt .. 7 9 28 26 46 23 18 IMF charges .. 2 3 1 1 1 1 1 Short-term debt .. 0 2 4 9 12 11 11 Net transfers on debt .. 138 28 245 307 -6 -55 123 Total debt service paid (TDS) .. 11 46 85 124 175 138 167 Long-term debt .. 10 25 61 88 127 92 124 IMF repurchases and charges .. 2 19 20 28 36 35 32 Short-term debt (interest only) .. 0 2 4 9 12 11 11 2. OTHER NET RESOURCE FLOWS (LONG-TERM) Net flow of long-term debt (ex. IMF) .. 100 69 88 157 54 117 174 Foreign direct investment (net) .. 25 104 111 121 219 258 343 Portfolio equity flows .. 0 0 0 0 1 1 -1 Grants (excluding technical coop.) .. 91 61 71 54 63 86 56 of which: Debt forgiveness grants .. .. 0 0 0 0 0 0 IDA grants .. .. .. 0 0 0 0 0 Memo: technical coop. grants .. 39 94 123 94 98 84 104 Interest on long-term debt .. 7 9 28 26 46 23 18 Profit remittances on FDI .. 0 22 13 35 147 170 244 3. MAJOR ECONOMIC AGGREGATES Gross national income (GNI) .. 1,466 1,964 2,464 2,902 3,613 4,945 6,486 Exports of goods, serv. & inc. (XGS) .. 366 560 844 1,079 1,511 1,931 2,209 Worker remit. & comp. of employees .. 65 87 131 686 813 940 1,175 Imports of goods & services (MGS) .. 741 1,017 1,155 1,477 1,918 2,449 2,946 International reserves (RES) .. 111 314 431 502 548 669 1,072 Current account balance .. -218 -278 -148 -189 -20 -52 -117 4. DEBT INDICATORS EDT / XGS (%) .. 101.1 163.7 164.1 164.0 124.0 96.3 93.8 EDT / GNI (%) .. 25.3 46.6 56.2 61.0 51.8 37.6 32.0 TDS / XGS (%) .. 3.1 8.2 10.0 11.5 11.6 7.2 7.6 INT / XGS (%) .. 2.3 2.6 4.0 3.3 3.9 1.8 1.3 INT / GNI (%) .. 0.6 0.7 1.4 1.2 1.6 0.7 0.5 RES / EDT (%) .. 30.0 34.3 31.1 28.4 29.2 36.0 51.7 RES / MGS (months) .. 1.8 3.7 4.5 4.1 3.4 3.3 4.4 Short-term / EDT (%) .. 0.6 4.8 15.9 22.8 21.9 16.0 14.4 Concessional / EDT (%) .. 28.6 50.1 46.2 44.9 49.4 48.4 49.4 Multilateral / EDT (%) .. 56.1 52.9 44.8 42.2 45.3 43.4 43.6 45 ARMENIA (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 5. LONG-TERM DEBT DEBT OUTSTANDING (LDOD) .. 298 697 971 1,151 1,245 1,386 1,611 Public and publicly guaranteed .. 298 675 818 877 961 923 1,037 Official creditors .. 298 658 808 875 959 921 1,036 Multilateral .. 208 485 621 747 848 808 905 Concessional .. 91 407 556 697 815 787 892 Bilateral .. 90 173 187 128 111 113 131 Concessional .. 15 52 84 97 111 113 131 Private creditors .. 0 17 11 2 1 1 1 of which: Bonds .. 0 0 0 0 0 0 0 Commercial banks .. 0 5 0 0 0 0 0 Private nonguaranteed .. 0 21 152 274 285 464 574 Bonds .. 0 0 0 0 0 0 0 Commercial banks and other .. 0 21 152 274 285 464 574 Memo: IBRD .. 5 8 8 8 8 6 6 IDA .. 91 388 530 662 773 746 841 Public sector LDOD .. 298 675 818 877 961 923 1,037 Private sector LDOD .. 0 21 152 274 285 464 574 DISBURSEMENTS .. 102 84 121 219 135 186 280 Public and publicly guaranteed .. 102 63 89 91 94 50 83 Official creditors .. 102 62 88 91 94 50 83 Multilateral .. 102 58 72 84 83 37 72 Concessional .. 88 56 70 84 83 37 72 Bilateral .. 0 4 15 6 11 14 11 Concessional .. 0 4 15 6 11 14 11 Private creditors .. 0 1 2 0 0 0 0 of which: Bonds .. 0 0 0 0 0 0 0 Commercial banks .. 0 0 0 0 0 0 0 Private nonguaranteed .. 0 21 31 128 41 136 197 Bonds .. 0 0 0 0 0 0 0 Commercial banks and other .. 0 21 31 128 41 136 197 Memo: IBRD .. 3 0 0 0 0 0 0 IDA .. 88 54 66 77 78 34 64 PRINCIPAL REPAYMENTS .. 3 15 33 62 81 69 106 Public and publicly guaranteed .. 3 15 30 55 51 16 17 Official creditors .. 3 13 24 46 51 16 17 Multilateral .. 0 8 22 18 18 14 15 Concessional .. 0 0 0 0 1 3 7 Bilateral .. 3 5 2 28 33 2 2 Concessional .. 0 3 1 2 2 2 2 Private creditors .. 0 2 6 9 1 0 0 of which: Bonds .. 0 0 0 0 0 0 0 Commercial banks .. 0 0 5 0 0 0 0 Private nonguaranteed .. 0 0 3 7 30 53 89 Bonds .. 0 0 0 0 0 0 0 Commercial banks and other .. 0 0 3 7 30 53 89 Memo: IBRD .. 0 0 0 1 1 1 1 IDA .. 0 0 0 0 1 3 6 INTEREST PAYMENTS (LINT) .. 7 9 28 26 46 23 18 Public and publicly guaranteed .. 7 9 19 10 8 9 9 Official creditors .. 7 9 18 10 8 9 9 Multilateral .. 7 8 7 7 7 8 8 Concessional .. 0 3 4 4 6 6 7 Bilateral .. 0 1 11 4 1 2 2 Concessional .. 0 1 1 1 1 1 2 Private creditors .. 0 0 0 0 0 0 0 of which: Bonds .. 0 0 0 0 0 0 0 Commercial banks .. 0 0 0 0 0 0 0 Private nonguaranteed .. 0 0 10 16 37 14 9 Bonds .. 0 0 0 0 0 0 0 Commercial banks and other .. 0 0 10 16 37 14 9 Memo: IBRD .. 0 0 0 0 0 0 0 IDA .. 0 3 3 4 6 6 6 46 ARMENIA (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 6. CURRENCY COMPOSITION OF PUBLIC AND PUBLICLY GUARANTEED DEBT (PERCENT) Euro .. .. .. 5.9 7.5 7.6 8.0 8.8 Japanese yen .. 0.0 0.0 0.2 0.2 0.2 0.2 0.4 Pound sterling .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Swiss franc .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 U.S.dollars .. 62.6 93.3 92.1 90.5 87.7 86.3 80.5 7. DEBT RESTRUCTURINGS Total amount rescheduled .. 0 14 9 0 0 0 0 Debt stock rescheduled .. 0 0 10 0 0 0 0 Principal rescheduled .. 0 14 0 0 0 0 0 Official .. 0 14 0 0 0 0 0 Private .. 0 0 0 0 0 0 0 Interest rescheduled .. 0 0 0 0 0 0 0 Official .. 0 0 0 0 0 0 0 Private .. 0 0 0 0 0 0 0 Debt forgiven .. 0 0 2 0 0 0 0 Memo: interest forgiven .. 0 0 0 0 0 0 0 Debt stock reduction .. 0 0 0 46 0 0 0 of which debt buyback .. 0 0 0 0 0 0 0 8. DEBT STOCK-FLOW RECONCILIATION Total change in debt stocks .. 156 15 331 384 103 -12 212 Net flows on debt .. 147 42 279 343 53 -20 152 Cross-currency valuation .. -6 -31 58 84 49 -86 56 9. AVERAGE TERMS OF NEW COMMITMENTS ALL CREDITORS Interest (%) .. 1.3 0.8 0.8 0.8 0.8 0.8 0.8 Maturity (years) .. 32.6 35.7 38.0 39.7 39.4 39.6 32.2 Grace period (years) .. 9.2 10.2 10.3 10.4 10.2 10.0 10.3 Grant element (%) .. 72.4 79.1 80.0 80.7 80.3 79.9 76.4 Official creditors Interest (%) .. 1.3 0.8 0.8 0.8 0.8 0.8 0.8 Maturity (years) .. 32.6 35.7 38.0 39.7 39.4 39.6 32.2 Grace period (years) .. 9.2 10.2 10.3 10.4 10.2 10.0 10.3 Grant element (%) .. 72.4 79.1 80.0 80.7 80.3 79.9 76.4 Private creditors Interest (%) .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Maturity (years) .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Grace period (years) .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Grant element (%) .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 10. CONTRACTUAL OBLIGATIONS ON OUTSTANDING LONG-TERM DEBT 2007 2008 2009 2010 2011 2012 2013 2014 TOTAL Principal 144 135 138 134 98 54 27 28 Interest 18 16 15 13 11 10 10 10 Official creditors Principal 17 15 20 23 25 26 27 28 Interest 10 10 11 10 10 10 10 10 Bilateral creditors Principal 2 2 5 6 6 6 6 7 Interest 2 3 3 3 3 3 3 3 Multilateral creditors Principal 15 12 15 17 19 20 21 22 Interest 8 7 7 7 7 7 7 7 Private creditors Principal 127 120 117 111 73 27 0 0 Interest 8 6 4 3 0 0 0 0 Notes: 0 47 AZERBAIJAN (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 1. SUMMARY DEBT DATA TOTAL DEBT STOCKS (EDT) .. 321 1,328 1,480 1,727 1,949 1,815 1,900 Long-term debt (LDOD) .. 206 836 1,118 1,365 1,602 1,465 1,463 Public and publicly guaranteed .. 206 737 1,046 1,288 1,372 1,278 1,359 Private nonguaranteed .. 0 99 72 76 230 187 104 Use of IMF credit .. 101 336 279 259 208 164 134 Short-term debt .. 14 156 82 103 138 186 302 of which interest arrears on LDOD .. 6 0 0 0 0 0 0 Official creditors .. 6 0 0 0 0 0 0 Private creditors .. 0 0 0 0 0 0 0 Memorandum items Principal arrears on LDOD .. 36 0 0 0 0 0 0 Official creditors .. 36 0 0 0 0 0 0 Private creditors .. 0 0 0 0 0 0 0 TOTAL DEBT FLOWS Disbursements .. 205 256 265 268 311 214 121 Long-term debt .. 102 256 255 232 311 195 121 IMF purchases .. 103 0 10 36 0 19 0 Principal repayments .. 0 74 140 186 206 197 205 Long-term debt .. 0 22 91 107 147 149 168 IMF repurchases .. 0 51 49 79 60 48 37 Net flows on debt .. 207 309 105 103 139 64 32 of which short-term debt .. 2 127 -20 21 35 48 116 Interest payments (INT) .. 10 56 25 23 26 34 36 Long-term debt .. 9 37 15 17 20 25 26 IMF charges .. 1 14 6 3 3 2 2 Short-term debt .. 0 5 4 3 4 6 8 Net transfers on debt .. 197 253 80 80 113 31 -5 Total debt service paid (TDS) .. 10 130 165 209 232 231 242 Long-term debt .. 9 59 106 124 166 174 194 IMF repurchases and charges .. 1 65 55 82 62 51 39 Short-term debt (interest only) .. 0 5 4 3 4 6 8 2. OTHER NET RESOURCE FLOWS (LONG-TERM) Net flow of long-term debt (ex. IMF) .. 102 234 164 125 164 45 -47 Foreign direct investment (net) .. 330 130 1,392 3,285 3,556 1,680 -584 Portfolio equity flows .. 0 0 0 0 0 0 1 Grants (excluding technical coop.) .. 61 50 66 53 59 94 58 of which: Debt forgiveness grants .. .. 0 0 0 0 0 0 IDA grants .. .. .. 0 0 0 0 0 Memo: technical coop. grants .. 28 30 75 69 70 74 97 Interest on long-term debt .. 9 37 15 17 20 25 26 Profit remittances on FDI .. 0 317 356 422 581 1,582 2,624 3. MAJOR ECONOMIC AGGREGATES Gross national income (GNI) .. 3,039 4,987 5,851 6,834 7,980 11,599 17,171 Exports of goods, serv. & inc. (XGS) .. 795 2,231 2,867 3,263 4,492 9,024 14,897 Worker remit. & comp. of employees .. 3 57 181 171 227 693 813 Imports of goods & services (MGS) .. 1,306 2,415 3,543 5,264 7,078 8,850 11,093 International reserves (RES) .. 121 680 720 803 1,075 1,178 2,500 Current account balance .. -401 -168 -768 -2,021 -2,589 167 3,708 4. DEBT INDICATORS EDT / XGS (%) .. 40.4 59.5 51.6 52.9 43.4 20.1 12.8 EDT / GNI (%) .. 10.6 26.6 25.3 25.3 24.4 15.6 11.1 TDS / XGS (%) .. 1.3 5.8 5.7 6.4 5.2 2.6 1.6 INT / XGS (%) .. 1.3 2.5 0.9 0.7 0.6 0.4 0.2 INT / GNI (%) .. 0.3 1.1 0.4 0.3 0.3 0.3 0.2 RES / EDT (%) .. 37.7 51.2 48.7 46.5 55.2 64.9 131.6 RES / MGS (months) .. 1.1 3.4 2.4 1.8 1.8 1.6 2.7 Short-term / EDT (%) .. 4.4 11.8 5.6 6.0 7.1 10.2 15.9 Concessional / EDT (%) .. 9.4 29.9 46.7 54.4 57.7 59.4 61.0 Multilateral / EDT (%) .. 30.8 24.3 29.0 32.5 32.5 34.7 38.4 48 AZERBAIJAN (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 5. LONG-TERM DEBT DEBT OUTSTANDING (LDOD) .. 206 836 1,118 1,365 1,602 1,465 1,463 Public and publicly guaranteed .. 206 737 1,046 1,288 1,372 1,278 1,359 Official creditors .. 206 647 938 1,189 1,284 1,217 1,303 Multilateral .. 99 323 429 561 633 630 730 Concessional .. 30 232 336 456 533 543 631 Bilateral .. 107 324 508 628 651 587 573 Concessional .. 0 166 355 484 591 535 527 Private creditors .. 0 90 108 100 89 61 57 of which: Bonds .. 0 0 0 0 0 0 0 Commercial banks .. 0 65 98 97 89 61 57 Private nonguaranteed .. 0 99 72 76 230 187 104 Bonds .. 0 0 0 0 0 0 0 Commercial banks and other .. 0 99 72 76 230 187 104 Memo: IBRD .. 0 0 0 0 0 0 5 IDA .. 30 216 314 422 493 501 583 Public sector LDOD .. 206 737 1,046 1,288 1,372 1,278 1,359 Private sector LDOD .. 0 99 72 76 230 187 104 DISBURSEMENTS .. 102 256 255 232 311 195 121 Public and publicly guaranteed .. 102 250 253 179 77 70 96 Official creditors .. 102 209 202 179 77 70 96 Multilateral .. 90 56 73 93 62 57 89 Concessional .. 30 34 60 84 54 54 65 Bilateral .. 13 153 130 85 15 13 8 Concessional .. 0 86 130 85 15 13 8 Private creditors .. 0 41 51 0 0 0 0 of which: Bonds .. 0 0 0 0 0 0 0 Commercial banks .. 0 38 51 0 0 0 0 Private nonguaranteed .. 0 6 2 54 234 124 25 Bonds .. 0 0 0 0 0 0 0 Commercial banks and other .. 0 6 2 54 234 124 25 Memo: IBRD .. 0 0 0 0 0 0 5 IDA .. 30 27 57 75 49 48 60 PRINCIPAL REPAYMENTS .. 0 22 91 107 147 149 168 Public and publicly guaranteed .. 0 15 57 57 54 52 52 Official creditors .. 0 13 30 33 35 36 43 Multilateral .. 0 9 11 13 15 18 17 Concessional .. 0 1 0 0 0 3 5 Bilateral .. 0 4 20 19 20 19 26 Concessional .. 0 0 9 10 11 11 20 Private creditors .. 0 2 27 24 19 16 9 of which: Bonds .. 0 0 0 0 0 0 0 Commercial banks .. 0 0 19 16 16 16 9 Private nonguaranteed .. 0 7 34 50 93 97 116 Bonds .. 0 0 0 0 0 0 0 Commercial banks and other .. 0 7 34 50 93 97 116 Memo: IBRD .. 0 0 0 0 0 0 0 IDA .. 0 0 0 0 0 2 4 INTEREST PAYMENTS (LINT) .. 9 37 15 17 20 25 26 Public and publicly guaranteed .. 9 32 12 14 16 18 19 Official creditors .. 9 31 11 11 14 16 18 Multilateral .. 2 7 6 6 8 9 11 Concessional .. 0 2 2 3 5 5 5 Bilateral .. 7 24 5 6 6 7 7 Concessional .. 0 24 3 4 5 5 4 Private creditors .. 0 1 1 2 2 1 1 of which: Bonds .. 0 0 0 0 0 0 0 Commercial banks .. 0 0 1 2 2 1 1 Private nonguaranteed .. 0 5 3 3 4 7 7 Bonds .. 0 0 0 0 0 0 0 Commercial banks and other .. 0 5 3 3 4 7 7 Memo: IBRD .. 0 0 0 0 0 0 1 IDA .. 0 2 2 2 4 4 4 49 AZERBAIJAN (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 6. CURRENCY COMPOSITION OF PUBLIC AND PUBLICLY GUARANTEED DEBT (PERCENT) Euro .. .. .. 3.6 3.9 4.3 4.6 5.2 Japanese yen .. 0.0 20.8 30.7 33.1 31.5 29.2 26.7 Pound sterling .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Swiss franc .. 0.0 6.5 8.7 7.3 6.3 4.8 4.2 U.S.dollars .. 51.4 65.8 54.0 52.1 53.6 56.2 56.5 7. DEBT RESTRUCTURINGS Total amount rescheduled .. 0 0 0 0 87 0 0 Debt stock rescheduled .. 0 0 0 0 0 0 0 Principal rescheduled .. 0 0 0 0 75 0 0 Official .. 0 0 0 0 75 0 0 Private .. 0 0 0 0 0 0 0 Interest rescheduled .. 0 0 0 0 0 0 0 Official .. 0 0 0 0 0 0 0 Private .. 0 0 0 0 0 0 0 Debt forgiven .. 0 0 0 0 0 0 0 Memo: interest forgiven .. 0 0 0 0 0 0 0 Debt stock reduction .. 0 0 0 0 0 0 0 of which debt buyback .. 0 0 0 0 0 0 0 8. DEBT STOCK-FLOW RECONCILIATION Total change in debt stocks .. 208 255 202 247 222 -134 85 Net flows on debt .. 207 309 105 103 139 64 32 Cross-currency valuation .. -7 -43 80 119 60 -129 45 9. AVERAGE TERMS OF NEW COMMITMENTS ALL CREDITORS Interest (%) .. 1.4 5.4 0.8 1.6 2.7 2.8 3.8 Maturity (years) .. 32.2 17.8 34.8 31.8 22.0 27.1 24.8 Grace period (years) .. 9.4 3.7 10.3 8.4 5.5 8.4 8.1 Grant element (%) .. 71.8 30.9 78.8 68.6 49.9 56.8 47.7 Official creditors Interest (%) .. 1.4 4.3 0.8 1.6 2.7 2.8 3.8 Maturity (years) .. 32.2 22.6 34.8 31.8 22.0 27.1 24.8 Grace period (years) .. 9.4 4.7 10.3 8.4 5.5 8.4 8.1 Grant element (%) .. 71.8 41.1 78.8 68.6 49.9 56.8 47.7 Private creditors Interest (%) .. 0.0 8.2 0.0 0.0 0.0 0.0 0.0 Maturity (years) .. 0.0 5.6 0.0 0.0 0.0 0.0 0.0 Grace period (years) .. 0.0 1.1 0.0 0.0 0.0 0.0 0.0 Grant element (%) .. 0.0 4.4 0.0 0.0 0.0 0.0 0.0 10. CONTRACTUAL OBLIGATIONS ON OUTSTANDING LONG-TERM DEBT 2007 2008 2009 2010 2011 2012 2013 2014 TOTAL Principal 71 95 104 101 72 59 56 76 Interest 28 30 31 31 30 29 28 27 Official creditors Principal 63 75 78 84 58 51 49 68 Interest 23 25 27 28 28 28 27 26 Bilateral creditors Principal 37 44 48 51 28 20 16 16 Interest 7 6 6 5 4 3 3 3 Multilateral creditors Principal 26 30 31 33 30 31 33 52 Interest 16 19 22 23 24 24 24 23 Private creditors Principal 8 20 25 18 13 8 6 8 Interest 6 5 4 3 2 1 1 1 Notes: Short-term debt data are World Bank staff estimates, based on reports provided by the country. 50 BANGLADESH (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 1. SUMMARY DEBT DATA TOTAL DEBT STOCKS (EDT) 12,439 15,927 15,717 17,046 18,774 20,129 18,928 20,521 Long-term debt (LDOD) 11,658 15,106 15,168 16,404 18,083 19,186 17,931 18,866 Public and publicly guaranteed 11,658 15,106 15,168 16,404 18,083 19,186 17,931 18,866 Private nonguaranteed 0 0 0 0 0 0 0 0 Use of IMF credit 626 622 216 71 74 231 308 476 Short-term debt 156 199 334 572 617 712 688 1,178 of which interest arrears on LDOD 1 15 0 27 0 0 16 0 Official creditors 1 15 0 27 0 0 16 0 Private creditors 0 0 0 0 0 0 0 0 Memorandum items Principal arrears on LDOD 11 15 4 75 4 0 8 116 Official creditors 11 15 4 75 4 0 1 53 Private creditors 0 0 0 0 0 0 8 63 TOTAL DEBT FLOWS Disbursements 1,273 763 889 758 938 1,151 991 1,133 Long-term debt 1,213 763 889 758 867 1,004 893 983 IMF purchases 60 0 0 0 70 147 97 150 Principal repayments 548 591 599 551 496 462 569 454 Long-term debt 344 530 513 463 422 462 569 454 IMF repurchases 204 61 86 88 73 0 0 0 Net flows on debt 813 171 370 412 514 784 381 1,185 of which short-term debt 88 -1 80 205 72 95 -40 506 Interest payments (INT) 201 189 201 176 176 208 236 231 Long-term debt 151 176 171 161 162 184 199 170 IMF charges 40 3 7 3 1 1 1 2 Short-term debt 9 10 22 12 13 24 35 59 Net transfers on debt 612 -18 169 236 338 575 146 955 Total debt service paid (TDS) 749 780 799 727 672 671 805 685 Long-term debt 495 706 684 624 584 646 769 624 IMF repurchases and charges 245 64 93 91 75 1 1 2 Short-term debt (interest only) 9 10 22 12 13 24 35 59 2. OTHER NET RESOURCE FLOWS (LONG-TERM) Net flow of long-term debt (ex. IMF) 869 233 376 295 445 541 324 529 Foreign direct investment (net) 3 2 280 52 268 449 802 697 Portfolio equity flows 0 -15 1 -1 2 4 20 31 Grants (excluding technical coop.) 772 693 592 543 478 830 680 907 of which: Debt forgiveness grants .. .. 156 174 94 271 41 239 IDA grants .. .. .. 0 0 0 6 6 Memo: technical coop. grants 234 293 209 211 246 214 192 171 Interest on long-term debt 151 176 171 161 162 184 199 170 Profit remittances on FDI 0 0 149 129 178 247 661 765 3. MAJOR ECONOMIC AGGREGATES Gross national income (GNI) 30,757 39,097 48,828 49,695 54,683 59,664 63,099 65,948 Exports of goods, serv. & inc. (XGS) 2,907 5,903 9,251 9,855 11,298 12,908 14,970 18,483 Worker remit. & comp. of employees 779 1,202 1,968 2,858 3,192 3,584 4,314 5,428 Imports of goods & services (MGS) 4,140 7,790 10,018 9,508 11,565 13,562 15,618 17,802 International reserves (RES) 660 2,376 1,516 1,722 2,625 3,222 2,825 3,877 Current account balance -398 -824 -306 739 132 -279 -176 1,196 4. DEBT INDICATORS EDT / XGS (%) 427.9 269.8 169.9 173.0 166.2 155.9 126.4 111.0 EDT / GNI (%) 40.4 40.7 32.2 34.3 34.3 33.7 30.0 31.1 TDS / XGS (%) 25.8 13.2 8.6 7.4 5.9 5.2 5.4 3.7 INT / XGS (%) 6.9 3.2 2.2 1.8 1.6 1.6 1.6 1.2 INT / GNI (%) 0.7 0.5 0.4 0.4 0.3 0.3 0.4 0.3 RES / EDT (%) 5.3 14.9 9.6 10.1 14.0 16.0 14.9 18.9 RES / MGS (months) 1.9 3.7 1.8 2.2 2.7 2.9 2.2 2.6 Short-term / EDT (%) 1.3 1.3 2.1 3.4 3.3 3.5 3.6 5.7 Concessional / EDT (%) 90.7 92.9 94.8 92.8 93.2 92.1 91.0 88.2 Multilateral / EDT (%) 51.8 60.8 69.9 71.0 72.4 73.2 74.3 73.0 51 BANGLADESH (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 5. LONG-TERM DEBT DEBT OUTSTANDING (LDOD) 11,658 15,106 15,168 16,404 18,083 19,186 17,931 18,866 Public and publicly guaranteed 11,658 15,106 15,168 16,404 18,083 19,186 17,931 18,866 Official creditors 11,435 14,852 14,921 15,836 17,528 18,643 17,409 18,365 Multilateral 6,441 9,678 10,990 12,099 13,598 14,737 14,057 14,985 Concessional 6,344 9,623 10,966 12,080 13,563 14,638 13,872 14,718 Bilateral 4,994 5,173 3,931 3,736 3,930 3,906 3,352 3,380 Concessional 4,941 5,167 3,931 3,736 3,930 3,906 3,352 3,376 Private creditors 223 255 246 568 555 543 522 502 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 21 12 15 29 29 41 34 31 Private nonguaranteed 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 Commercial banks and other 0 0 0 0 0 0 0 0 Memo: IBRD 64 55 24 13 7 0 0 0 IDA 4,095 5,638 6,431 7,063 8,062 8,895 8,688 9,297 Public sector LDOD 11,658 15,106 15,168 16,404 18,083 19,186 17,931 18,863 Private sector LDOD 0 0 0 0 0 0 0 3 DISBURSEMENTS 1,213 763 889 758 867 1,004 893 983 Public and publicly guaranteed 1,213 763 889 758 867 1,004 893 983 Official creditors 1,123 677 822 663 858 989 893 983 Multilateral 822 494 650 526 760 821 814 766 Concessional 792 494 650 520 740 749 727 682 Bilateral 301 183 172 136 97 168 79 217 Concessional 301 183 172 136 97 168 79 214 Private creditors 90 86 67 95 10 14 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 22 0 15 0 0 14 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 Commercial banks and other 0 0 0 0 0 0 0 0 Memo: IBRD 0 0 0 0 0 0 0 0 IDA 464 198 357 301 519 615 547 398 PRINCIPAL REPAYMENTS 344 530 513 463 422 462 569 454 Public and publicly guaranteed 344 530 513 463 422 462 569 454 Official creditors 310 423 482 452 395 433 555 430 Multilateral 62 104 168 204 237 290 290 328 Concessional 44 100 163 198 230 283 289 327 Bilateral 248 319 314 248 158 142 265 102 Concessional 239 309 314 248 158 142 265 102 Private creditors 34 107 31 10 27 30 14 24 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 2 2 0 0 3 4 3 5 Private nonguaranteed 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 Commercial banks and other 0 0 0 0 0 0 0 0 Memo: IBRD 2 5 5 6 6 7 0 0 IDA 13 41 82 106 124 141 153 172 INTEREST PAYMENTS (LINT) 151 176 171 161 162 184 199 170 Public and publicly guaranteed 151 176 171 161 162 184 199 170 Official creditors 140 167 160 158 156 179 198 168 Multilateral 51 87 93 100 110 130 134 137 Concessional 46 83 91 98 108 127 128 126 Bilateral 89 80 67 58 46 49 64 30 Concessional 84 79 67 58 46 49 64 30 Private creditors 11 9 12 3 6 5 2 2 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 1 0 0 1 2 2 0 1 Private nonguaranteed 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 Commercial banks and other 0 0 0 0 0 0 0 0 Memo: IBRD 4 4 2 1 1 0 0 0 IDA 28 42 47 50 56 67 70 70 52 BANGLADESH (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 6. CURRENCY COMPOSITION OF PUBLIC AND PUBLICLY GUARANTEED DEBT (PERCENT) Euro .. .. .. 0.6 0.7 0.6 0.5 0.6 Japanese yen 24.8 25.9 20.4 17.5 17.0 16.0 14.2 12.7 Pound sterling 5.0 3.5 3.0 2.6 2.3 2.0 2.1 1.9 Swiss franc 0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 U.S.dollars 48.1 41.9 44.7 48.1 50.1 50.1 51.5 52.4 7. DEBT RESTRUCTURINGS Total amount rescheduled 0 0 0 0 0 0 0 0 Debt stock rescheduled 0 0 0 0 0 0 0 0 Principal rescheduled 0 0 0 0 0 0 0 0 Official 0 0 0 0 0 0 0 0 Private 0 0 0 0 0 0 0 0 Interest rescheduled 0 0 0 0 0 0 0 0 Official 0 0 0 0 0 0 0 0 Private 0 0 0 0 0 0 0 0 Debt forgiven 0 0 0 0 103 146 0 89 Memo: interest forgiven 0 0 0 0 13 16 0 0 Debt stock reduction 0 0 0 0 0 0 0 0 of which debt buyback 0 0 0 0 0 0 0 0 8. DEBT STOCK-FLOW RECONCILIATION Total change in debt stocks 1,593 304 -850 1,796 1,727 1,355 -1,201 1,593 Net flows on debt 813 171 370 412 514 784 381 1,185 Cross-currency valuation 925 -244 -1,087 1,162 1,543 691 -1,610 487 9. AVERAGE TERMS OF NEW COMMITMENTS ALL CREDITORS Interest (%) 1.8 1.9 2.6 1.4 1.2 1.0 1.7 1.9 Maturity (years) 34.1 38.2 24.9 33.6 31.9 36.3 33.7 32.5 Grace period (years) 9.2 10.0 6.8 8.5 8.3 9.5 8.7 8.6 Grant element (%) 68.5 69.5 54.2 70.6 70.3 76.0 68.1 66.9 Official creditors Interest (%) 1.1 1.9 2.4 1.3 1.2 1.0 1.7 1.9 Maturity (years) 37.6 38.2 28.2 33.9 32.1 36.4 33.8 32.5 Grace period (years) 10.2 10.0 7.4 8.6 8.4 9.5 8.8 8.6 Grant element (%) 76.1 69.5 59.2 71.2 70.8 76.3 68.3 66.9 Private creditors Interest (%) 5.4 0.0 3.3 3.3 2.7 3.0 4.9 0.0 Maturity (years) 14.1 0.0 13.0 15.5 4.7 17.3 10.8 0.0 Grace period (years) 3.5 0.0 4.8 3.1 1.5 5.8 1.3 0.0 Grant element (%) 25.0 0.0 36.4 37.2 19.3 45.0 20.7 0.0 10. CONTRACTUAL OBLIGATIONS ON OUTSTANDING LONG-TERM DEBT 2007 2008 2009 2010 2011 2012 2013 2014 TOTAL Principal 906 927 872 878 908 918 927 936 Interest 232 238 238 235 228 217 205 191 Official creditors Principal 735 782 783 787 818 831 850 880 Interest 213 220 223 221 217 209 200 189 Bilateral creditors Principal 361 352 311 283 263 249 238 219 Interest 49 45 41 37 33 29 25 22 Multilateral creditors Principal 374 430 472 505 555 582 612 661 Interest 164 175 182 185 184 180 174 167 Private creditors Principal 171 145 89 90 90 87 76 56 Interest 19 18 16 13 11 7 5 2 Notes: 53 BELARUS (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 1. SUMMARY DEBT DATA TOTAL DEBT STOCKS (EDT) .. 1,694 2,140 2,898 3,232 4,029 4,739 6,124 Long-term debt (LDOD) .. 1,302 787 1,213 1,231 1,084 1,236 1,701 Public and publicly guaranteed .. 1,301 689 749 710 744 788 846 Private nonguaranteed .. 0 98 465 521 339 448 855 Use of IMF credit .. 283 114 56 26 9 0 0 Short-term debt .. 110 1,239 1,629 1,975 2,936 3,503 4,423 of which interest arrears on LDOD .. 19 14 1 2 0 1 4 Official creditors .. 0 12 0 2 0 0 0 Private creditors .. 19 2 1 0 0 1 4 Memorandum items Principal arrears on LDOD .. 140 29 1 19 1 37 22 Official creditors .. 0 28 0 19 0 0 0 Private creditors .. 140 1 1 0 1 37 22 TOTAL DEBT FLOWS Disbursements .. 441 249 450 259 308 652 748 Long-term debt .. 258 249 450 259 308 652 748 IMF purchases .. 182 0 0 0 0 0 0 Principal repayments .. 108 261 279 332 257 519 483 Long-term debt .. 108 206 249 299 240 510 483 IMF repurchases .. 0 56 30 33 17 9 0 Net flows on debt .. 369 -89 494 141 1,014 699 1,181 of which short-term debt .. 36 -76 324 254 963 566 916 Interest payments (INT) .. 74 107 90 87 115 161 250 Long-term debt .. 59 39 37 33 41 51 72 IMF charges .. 10 7 2 1 0 0 0 Short-term debt .. 4 61 51 54 74 111 178 Net transfers on debt .. 295 -196 404 56 899 538 931 Total debt service paid (TDS) .. 182 369 369 419 372 680 733 Long-term debt .. 167 244 286 332 281 561 555 IMF repurchases and charges .. 10 63 32 34 18 9 0 Short-term debt (interest only) .. 4 61 51 54 74 111 178 2. OTHER NET RESOURCE FLOWS (LONG-TERM) Net flow of long-term debt (ex. IMF) .. 150 43 201 -40 68 141 265 Foreign direct investment (net) .. 15 119 247 172 164 305 354 Portfolio equity flows .. 0 1 1 3 1 1 -1 Grants (excluding technical coop.) .. 136 0 0 0 0 28 42 of which: Debt forgiveness grants .. .. 0 0 0 0 0 0 IDA grants .. .. .. 0 0 0 0 0 Memo: technical coop. grants .. 27 0 0 0 0 28 35 Interest on long-term debt .. 59 39 37 33 41 51 72 Profit remittances on FDI .. 0 5 27 38 76 135 219 3. MAJOR ECONOMIC AGGREGATES Gross national income (GNI) .. 13,922 12,690 14,556 17,839 23,140 30,266 36,838 Exports of goods, serv. & inc. (XGS) .. 5,300 7,666 9,350 11,702 15,847 18,352 22,382 Worker remit. & comp. of employees .. 29 139 141 222 256 370 334 Imports of goods & services (MGS) .. 5,805 8,160 9,870 12,351 17,344 18,087 24,075 International reserves (RES) .. 377 350 687 637 837 1,342 1,417 Current account balance .. -458 -338 -326 -434 -1,194 434 -1,512 4. DEBT INDICATORS EDT / XGS (%) .. 32.0 27.9 31.0 27.6 25.4 25.8 27.4 EDT / GNI (%) .. 12.2 16.9 19.9 18.1 17.4 15.7 16.6 TDS / XGS (%) .. 3.4 4.8 3.9 3.6 2.3 3.7 3.3 INT / XGS (%) .. 1.4 1.4 1.0 0.7 0.7 0.9 1.1 INT / GNI (%) .. 0.5 0.8 0.6 0.5 0.5 0.5 0.7 RES / EDT (%) .. 22.3 16.4 23.7 19.7 20.8 28.3 23.1 RES / MGS (months) .. 0.8 0.5 0.8 0.6 0.6 0.9 0.7 Short-term / EDT (%) .. 6.5 57.9 56.2 61.1 72.9 73.9 72.2 Concessional / EDT (%) .. 28.1 3.9 4.1 3.9 3.2 3.1 2.4 Multilateral / EDT (%) .. 11.1 10.1 5.7 4.5 3.1 1.7 1.1 54 BELARUS (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 5. LONG-TERM DEBT DEBT OUTSTANDING (LDOD) .. 1,302 787 1,213 1,231 1,084 1,236 1,701 Public and publicly guaranteed .. 1,301 689 749 710 744 788 846 Official creditors .. 769 400 397 381 480 566 571 Multilateral .. 188 217 166 146 124 81 65 Concessional .. 0 0 0 0 0 0 0 Bilateral .. 582 183 231 234 356 485 506 Concessional .. 477 83 118 127 127 146 146 Private creditors .. 532 289 352 329 265 222 275 of which: Bonds .. 0 0 0 0 0 0 0 Commercial banks .. 46 56 64 48 36 59 106 Private nonguaranteed .. 0 98 465 521 339 448 855 Bonds .. 0 0 0 0 0 0 0 Commercial banks and other .. 0 98 465 521 339 448 855 Memo: IBRD .. 116 105 89 84 73 59 50 IDA .. 0 0 0 0 0 0 0 Public sector LDOD .. 1,301 689 730 695 733 780 841 Private sector LDOD .. 0 98 483 536 351 456 860 DISBURSEMENTS .. 258 249 450 259 308 652 748 Public and publicly guaranteed .. 258 143 152 47 198 257 209 Official creditors .. 131 25 90 14 181 188 74 Multilateral .. 77 25 9 1 2 7 5 Concessional .. 0 0 0 0 0 0 0 Bilateral .. 54 0 81 14 179 181 69 Concessional .. 20 0 40 13 4 35 15 Private creditors .. 127 118 62 33 16 70 134 of which: Bonds .. 0 0 0 0 0 0 0 Commercial banks .. 20 48 23 2 1 37 84 Private nonguaranteed .. 0 106 298 212 111 395 540 Bonds .. 0 0 0 0 0 0 0 Commercial banks and other .. 0 106 298 212 111 395 540 Memo: IBRD .. 11 6 4 1 2 7 5 IDA .. 0 0 0 0 0 0 0 PRINCIPAL REPAYMENTS .. 108 206 249 299 240 510 483 Public and publicly guaranteed .. 108 134 124 138 179 177 172 Official creditors .. 84 52 55 45 87 94 73 Multilateral .. 70 49 40 35 29 42 23 Concessional .. 0 0 0 0 0 0 0 Bilateral .. 15 4 15 10 58 52 50 Concessional .. 0 1 4 4 4 17 17 Private creditors .. 24 82 69 93 93 83 99 of which: Bonds .. 0 0 0 0 0 0 0 Commercial banks .. 0 28 8 20 13 12 43 Private nonguaranteed .. 0 71 126 161 61 333 311 Bonds .. 0 0 0 0 0 0 0 Commercial banks and other .. 0 71 126 161 61 333 311 Memo: IBRD .. 0 14 14 15 16 16 15 IDA .. 0 0 0 0 0 0 0 INTEREST PAYMENTS (LINT) .. 59 39 37 33 41 51 72 Public and publicly guaranteed .. 59 38 36 32 36 39 45 Official creditors .. 32 18 17 13 16 17 28 Multilateral .. 23 17 11 9 7 5 4 Concessional .. 0 0 0 0 0 0 0 Bilateral .. 10 2 6 4 8 12 24 Concessional .. 1 2 2 3 4 4 5 Private creditors .. 26 19 20 19 21 22 16 of which: Bonds .. 0 0 0 0 0 0 0 Commercial banks .. 1 4 4 3 3 4 6 Private nonguaranteed .. 0 1 0 1 5 12 27 Bonds .. 0 0 0 0 0 0 0 Commercial banks and other .. 0 1 0 1 5 12 27 Memo: IBRD .. 8 6 5 4 3 3 3 IDA .. 0 0 0 0 0 0 0 55 BELARUS (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 6. CURRENCY COMPOSITION OF PUBLIC AND PUBLICLY GUARANTEED DEBT (PERCENT) Euro .. .. .. 30.6 32.1 25.1 14.7 26.4 Japanese yen .. 2.3 2.2 2.2 2.2 1.7 1.1 0.7 Pound sterling .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Swiss franc .. 0.7 0.1 0.0 0.0 0.0 0.0 0.0 U.S.dollars .. 50.8 48.9 55.5 52.3 61.6 71.5 60.8 7. DEBT RESTRUCTURINGS Total amount rescheduled .. 0 50 3 0 0 0 0 Debt stock rescheduled .. 0 49 0 0 0 0 0 Principal rescheduled .. 0 0 3 0 0 0 0 Official .. 0 0 3 0 0 0 0 Private .. 0 0 0 0 0 0 0 Interest rescheduled .. 0 0 0 0 0 0 0 Official .. 0 0 0 0 0 0 0 Private .. 0 0 0 0 0 0 0 Debt forgiven .. 0 0 0 0 0 0 0 Memo: interest forgiven .. 0 0 0 0 0 0 0 Debt stock reduction .. 0 0 0 0 0 0 0 of which debt buyback .. 0 0 0 0 0 0 0 8. DEBT STOCK-FLOW RECONCILIATION Total change in debt stocks .. 398 -122 562 334 797 710 1,384 Net flows on debt .. 369 -89 494 141 1,014 699 1,181 Cross-currency valuation .. 28 -26 57 63 22 -33 16 9. AVERAGE TERMS OF NEW COMMITMENTS ALL CREDITORS Interest (%) .. 5.7 7.0 2.6 3.8 3.4 5.3 6.9 Maturity (years) .. 14.0 3.7 10.6 5.1 6.7 7.1 6.5 Grace period (years) .. 4.8 1.5 2.5 0.6 2.0 1.4 2.5 Grant element (%) .. 25.8 5.9 28.7 14.2 21.5 15.5 9.9 Official creditors Interest (%) .. 5.1 6.8 3.5 0.0 3.4 5.0 6.1 Maturity (years) .. 16.0 5.9 16.6 4.6 6.0 7.6 16.9 Grace period (years) .. 5.6 2.4 4.6 0.8 1.8 1.4 5.4 Grant element (%) .. 30.6 9.9 39.3 22.3 19.6 16.8 23.7 Private creditors Interest (%) .. 8.1 7.2 1.8 3.9 3.6 8.9 7.2 Maturity (years) .. 5.8 2.5 5.1 5.1 8.3 1.1 2.3 Grace period (years) .. 1.6 1.0 0.6 0.6 2.4 1.1 1.3 Grant element (%) .. 5.9 3.6 19.0 14.0 25.7 1.1 4.3 10. CONTRACTUAL OBLIGATIONS ON OUTSTANDING LONG-TERM DEBT 2007 2008 2009 2010 2011 2012 2013 2014 TOTAL Principal 414 329 263 235 187 122 116 93 Interest 61 43 40 31 23 17 13 10 Official creditors Principal 123 121 114 112 75 44 43 43 Interest 26 20 22 16 12 9 7 5 Bilateral creditors Principal 100 101 108 108 69 37 37 37 Interest 22 17 19 14 9 6 4 2 Multilateral creditors Principal 23 20 6 4 6 8 6 6 Interest 4 3 3 3 3 3 3 3 Private creditors Principal 291 208 149 123 112 77 72 50 Interest 35 23 18 14 11 8 6 5 Notes: Short-term debt data are based on data from the National Bank of the Republic of Belarus. 56 BELIZE (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 1. SUMMARY DEBT DATA TOTAL DEBT STOCKS (EDT) 143 255 612 854 1,061 957 1,003 1,020 Long-term debt (LDOD) 136 219 562 809 981 957 997 1,013 Public and publicly guaranteed 136 219 553 776 945 923 972 993 Private nonguaranteed 0 0 8 33 36 34 25 20 Use of IMF credit 0 0 0 0 0 0 0 0 Short-term debt 6 36 50 45 80 0 6 7 of which interest arrears on LDOD 1 1 0 0 0 0 6 7 Official creditors 0 0 0 0 0 0 4 5 Private creditors 0 0 0 0 0 0 2 2 Memorandum items Principal arrears on LDOD 2 1 0 1 0 0 2 0 Official creditors 1 1 0 0 0 0 0 0 Private creditors 1 0 0 1 0 0 2 0 TOTAL DEBT FLOWS Disbursements 18 31 223 244 265 223 210 84 Long-term debt 18 31 223 244 265 223 210 84 IMF purchases 0 0 0 0 0 0 0 0 Principal repayments 12 25 41 139 90 259 160 70 Long-term debt 9 25 41 139 90 259 160 70 IMF repurchases 3 0 0 0 0 0 0 0 Net flows on debt 7 27 181 99 210 -116 50 14 of which short-term debt 1 21 -1 -6 35 -80 0 0 Interest payments (INT) 6 11 35 49 67 75 73 64 Long-term debt 6 10 32 47 65 73 73 64 IMF charges 0 0 0 0 0 0 0 0 Short-term debt 0 1 3 2 2 2 0 0 Net transfers on debt 0 16 146 50 143 -191 -23 -51 Total debt service paid (TDS) 18 37 76 189 157 334 233 135 Long-term debt 15 35 73 187 155 332 233 135 IMF repurchases and charges 3 0 0 0 0 0 0 0 Short-term debt (interest only) 0 1 3 2 2 2 0 0 2. OTHER NET RESOURCE FLOWS (LONG-TERM) Net flow of long-term debt (ex. IMF) 9 6 182 105 175 -36 50 14 Foreign direct investment (net) 17 21 23 25 -11 111 126 73 Portfolio equity flows 0 0 0 0 0 0 0 4 Grants (excluding technical coop.) 4 8 11 10 9 6 9 8 of which: Debt forgiveness grants .. .. 0 2 2 3 2 2 IDA grants .. .. .. 0 0 0 0 0 Memo: technical coop. grants 13 12 5 5 4 5 6 5 Interest on long-term debt 6 10 32 47 65 73 73 64 Profit remittances on FDI 7 8 31 33 31 42 35 45 3. MAJOR ECONOMIC AGGREGATES Gross national income (GNI) 406 598 775 857 902 942 1,000 1,095 Exports of goods, serv. & inc. (XGS) 269 314 464 515 563 579 665 850 Worker remit. & comp. of employees 18 14 22 29 34 35 46 65 Imports of goods & services (MGS) 269 351 661 698 758 749 836 892 International reserves (RES) 70 38 123 115 85 48 71 114 Current account balance 15 -17 -162 -165 -184 -155 -161 -26 4. DEBT INDICATORS EDT / XGS (%) 53.1 81.2 131.8 165.9 188.6 165.2 150.8 120.0 EDT / GNI (%) 35.1 42.7 78.9 99.7 117.6 101.6 100.3 93.1 TDS / XGS (%) 6.8 11.7 16.4 36.6 27.9 57.6 35.0 15.9 INT / XGS (%) 2.3 3.6 7.5 9.5 11.9 12.9 11.0 7.6 INT / GNI (%) 1.5 1.9 4.5 5.7 7.4 7.9 7.3 5.9 RES / EDT (%) 48.9 14.7 20.1 13.4 8.0 5.0 7.1 11.2 RES / MGS (months) 3.1 1.3 2.2 2.0 1.3 0.8 1.0 1.5 Short-term / EDT (%) 4.3 14.0 8.2 5.3 7.5 0.0 0.6 0.6 Concessional / EDT (%) 56.6 36.7 17.2 11.9 8.8 12.3 14.2 14.8 Multilateral / EDT (%) 40.2 35.1 22.2 21.3 19.5 23.1 21.6 21.5 57 BELIZE (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 5. LONG-TERM DEBT DEBT OUTSTANDING (LDOD) 136 219 562 809 981 957 997 1,013 Public and publicly guaranteed 136 219 553 776 945 923 972 993 Official creditors 118 175 225 247 263 292 311 374 Multilateral 57 89 136 182 207 221 216 219 Concessional 30 44 40 44 47 55 54 53 Bilateral 61 86 89 66 57 71 95 154 Concessional 51 50 65 58 47 63 88 98 Private creditors 18 44 328 529 682 631 661 620 of which: Bonds 0 0 75 211 308 375 482 466 Commercial banks 16 39 245 303 371 254 169 146 Private nonguaranteed 0 0 8 33 36 34 25 20 Bonds 0 0 0 0 0 0 0 0 Commercial banks and other 0 0 8 33 36 34 25 20 Memo: IBRD 18 30 40 44 42 39 35 30 IDA 0 0 0 0 0 0 0 0 Public sector LDOD 136 219 553 776 945 923 972 993 Private sector LDOD 0 0 8 33 36 34 25 20 DISBURSEMENTS 18 31 223 244 265 223 210 84 Public and publicly guaranteed 18 31 218 228 260 223 210 84 Official creditors 13 26 26 31 43 43 45 82 Multilateral 6 12 22 27 36 25 14 17 Concessional 2 3 4 5 4 8 4 1 Bilateral 7 13 4 4 7 19 31 65 Concessional 5 4 1 4 1 18 31 15 Private creditors 5 5 192 197 217 180 165 3 of which: Bonds 0 0 86 143 100 70 143 0 Commercial banks 5 5 96 48 117 110 12 3 Private nonguaranteed 0 0 5 16 5 0 0 0 Bonds 0 0 0 0 0 0 0 0 Commercial banks and other 0 0 5 16 5 0 0 0 Memo: IBRD 3 6 2 5 2 2 1 0 IDA 0 0 0 0 0 0 0 0 PRINCIPAL REPAYMENTS 9 25 41 139 90 259 160 70 Public and publicly guaranteed 9 25 41 139 88 257 158 66 Official creditors 7 18 20 21 24 26 23 22 Multilateral 3 7 9 9 14 16 17 15 Concessional 2 3 3 3 3 3 3 3 Bilateral 4 11 11 12 10 9 6 7 Concessional 1 3 7 7 6 7 6 6 Private creditors 2 8 22 119 64 231 135 44 of which: Bonds 0 0 11 4 3 3 36 16 Commercial banks 2 5 9 106 49 227 98 25 Private nonguaranteed 0 0 0 0 2 3 2 5 Bonds 0 0 0 0 0 0 0 0 Commercial banks and other 0 0 0 0 2 3 2 5 Memo: IBRD 1 2 4 4 5 5 4 5 IDA 0 0 0 0 0 0 0 0 INTEREST PAYMENTS (LINT) 6 10 32 47 65 73 73 64 Public and publicly guaranteed 6 10 32 47 65 72 72 64 Official creditors 4 8 12 11 12 12 13 15 Multilateral 3 4 7 8 9 9 9 10 Concessional 1 1 1 1 1 1 1 1 Bilateral 1 4 4 3 3 3 4 5 Concessional 1 1 2 2 2 2 3 5 Private creditors 1 2 20 36 53 61 59 49 of which: Bonds 0 0 1 8 27 38 41 36 Commercial banks 1 2 18 27 26 23 18 12 Private nonguaranteed 0 0 0 0 1 0 1 1 Bonds 0 0 0 0 0 0 0 0 Commercial banks and other 0 0 0 0 1 0 1 1 Memo: IBRD 1 2 3 3 2 2 2 2 IDA 0 0 0 0 0 0 0 0 58 BELIZE (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 6. CURRENCY COMPOSITION OF PUBLIC AND PUBLICLY GUARANTEED DEBT (PERCENT) Euro .. .. .. 3.1 1.5 1.7 1.4 1.4 Japanese yen 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Pound sterling 23.6 10.0 1.8 1.0 0.7 0.6 0.4 0.4 Swiss franc 0.0 0.1 0.0 0.0 0.0 0.0 0.0 0.0 U.S.dollars 45.3 62.7 93.2 94.3 96.5 95.9 96.7 96.8 7. DEBT RESTRUCTURINGS Total amount rescheduled 0 0 0 0 0 0 0 0 Debt stock rescheduled 0 0 0 0 0 0 0 0 Principal rescheduled 0 0 0 0 0 0 0 0 Official 0 0 0 0 0 0 0 0 Private 0 0 0 0 0 0 0 0 Interest rescheduled 0 0 0 0 0 0 0 0 Official 0 0 0 0 0 0 0 0 Private 0 0 0 0 0 0 0 0 Debt forgiven 9 0 0 0 0 0 0 0 Memo: interest forgiven 0 0 0 0 0 0 0 0 Debt stock reduction 0 0 0 0 0 0 0 0 of which debt buyback 0 0 0 0 0 0 0 0 8. DEBT STOCK-FLOW RECONCILIATION Total change in debt stocks 6 56 220 141 208 -104 46 17 Net flows on debt 7 27 181 99 210 -116 50 14 Cross-currency valuation 7 1 -2 6 6 2 -2 2 9. AVERAGE TERMS OF NEW COMMITMENTS ALL CREDITORS Interest (%) 5.0 6.0 8.6 8.4 9.1 6.4 4.7 2.8 Maturity (years) 10.0 17.6 12.0 9.8 7.9 10.4 7.0 9.9 Grace period (years) 2.5 3.9 3.7 8.7 6.3 7.1 1.6 2.2 Grant element (%) 21.2 23.0 7.7 4.8 2.8 22.0 15.1 17.1 Official creditors Interest (%) 5.0 5.9 6.3 6.1 3.6 3.0 0.0 2.8 Maturity (years) 10.0 17.9 21.1 19.4 15.4 20.0 0.0 9.9 Grace period (years) 2.5 3.9 5.3 4.1 3.3 4.6 0.0 2.2 Grant element (%) 21.2 23.3 24.0 23.5 31.0 45.0 0.0 17.1 Private creditors Interest (%) 0.0 8.6 9.5 8.6 9.5 7.2 4.7 0.0 Maturity (years) 0.0 4.8 8.1 9.1 7.3 7.9 7.0 0.0 Grace period (years) 0.0 0.3 3.0 9.0 6.5 7.8 1.6 0.0 Grant element (%) 0.0 2.7 0.7 3.3 0.9 16.0 15.1 0.0 10. CONTRACTUAL OBLIGATIONS ON OUTSTANDING LONG-TERM DEBT 2007 2008 2009 2010 2011 2012 2013 2014 TOTAL Principal 136 79 71 86 58 188 38 113 Interest 65 61 58 52 47 43 28 26 Official creditors Principal 79 28 26 26 25 24 22 21 Interest 17 17 16 15 14 12 11 10 Bilateral creditors Principal 55 7 7 7 7 7 6 6 Interest 6 6 6 5 5 5 4 4 Multilateral creditors Principal 24 21 19 19 18 17 16 16 Interest 11 11 10 10 9 8 7 6 Private creditors Principal 57 51 45 60 34 164 16 92 Interest 48 45 42 38 34 31 17 16 Notes: Short-term debt data are World Bank staff estimates. 59 BENIN (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 1. SUMMARY DEBT DATA TOTAL DEBT STOCKS (EDT) 1,292 1,614 1,591 1,836 1,828 1,916 1,855 824 Long-term debt (LDOD) 1,218 1,483 1,442 1,689 1,726 1,827 1,762 782 Public and publicly guaranteed 1,218 1,483 1,442 1,689 1,726 1,827 1,762 782 Private nonguaranteed 0 0 0 0 0 0 0 0 Use of IMF credit 18 84 84 73 73 65 53 3 Short-term debt 55 47 65 74 29 24 39 39 of which interest arrears on LDOD 21 8 0 0 0 0 0 0 Official creditors 18 7 0 0 0 0 0 0 Private creditors 2 1 0 0 0 0 0 0 Memorandum items Principal arrears on LDOD 69 71 0 0 0 0 0 0 Official creditors 60 67 0 0 0 0 0 0 Private creditors 9 4 0 0 0 0 0 0 TOTAL DEBT FLOWS Disbursements 120 115 39 72 69 78 87 83 Long-term debt 120 101 30 67 60 76 86 81 IMF purchases 0 14 9 5 9 2 1 1 Principal repayments 20 26 55 33 42 44 49 65 Long-term debt 19 24 45 23 32 37 41 65 IMF repurchases 2 2 11 10 10 8 7 0 Net flows on debt 92 105 -65 34 -17 29 54 17 of which short-term debt -8 16 -48 -5 -45 -5 15 0 Interest payments (INT) 18 23 20 26 18 19 20 17 Long-term debt 14 21 15 22 16 18 19 16 IMF charges 0 0 0 0 0 0 0 0 Short-term debt 4 2 4 3 2 1 2 2 Net transfers on debt 74 81 -85 9 -35 9 33 0 Total debt service paid (TDS) 38 50 75 58 60 64 69 83 Long-term debt 33 46 60 45 48 54 60 81 IMF repurchases and charges 2 2 11 10 10 8 8 0 Short-term debt (interest only) 4 2 4 3 2 1 2 2 2. OTHER NET RESOURCE FLOWS (LONG-TERM) Net flow of long-term debt (ex. IMF) 102 77 -14 44 28 39 45 16 Foreign direct investment (net) 62 13 60 14 45 64 53 63 Portfolio equity flows 0 0 0 2 0 -3 2 2 Grants (excluding technical coop.) 110 149 145 132 193 321 213 1,131 of which: Debt forgiveness grants .. .. 17 19 52 84 20 955 IDA grants .. .. .. 0 0 0 0 0 Memo: technical coop. grants 49 61 68 68 91 90 94 111 Interest on long-term debt 14 21 15 22 16 18 19 16 Profit remittances on FDI 0 6 -1 13 22 13 9 0 3. MAJOR ECONOMIC AGGREGATES Gross national income (GNI) 1,806 1,965 2,243 2,781 3,515 4,006 4,259 4,709 Exports of goods, serv. & inc. (XGS) 465 730 632 691 785 861 935 .. Worker remit. & comp. of employees 101 100 87 76 55 63 173 173 Imports of goods & services (MGS) 492 926 744 934 1,134 1,189 1,188 .. International reserves (RES) 69 198 458 616 718 640 657 912 Current account balance -18 -167 -81 -156 -331 -288 -226 .. 4. DEBT INDICATORS EDT / XGS (%) 277.9 221.1 251.6 265.8 232.8 222.5 198.5 .. EDT / GNI (%) 71.5 82.1 70.9 66.0 52.0 47.8 43.5 17.5 TDS / XGS (%) 8.2 6.8 11.9 8.5 7.6 7.4 7.4 .. INT / XGS (%) 3.8 3.2 3.2 3.7 2.3 2.3 2.2 .. INT / GNI (%) 1.0 1.2 0.9 0.9 0.5 0.5 0.5 0.4 RES / EDT (%) 5.4 12.3 28.8 33.5 39.3 33.4 35.4 110.7 RES / MGS (months) 1.7 2.6 7.4 7.9 7.6 6.5 6.6 .. Short-term / EDT (%) 4.3 2.9 4.1 4.0 1.6 1.3 2.1 4.8 Concessional / EDT (%) 78.1 77.6 84.3 86.2 90.1 90.8 91.9 87.8 Multilateral / EDT (%) 41.6 54.0 59.7 62.6 70.8 73.5 72.5 50.1 60 BENIN (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 5. LONG-TERM DEBT DEBT OUTSTANDING (LDOD) 1,218 1,483 1,442 1,689 1,726 1,827 1,762 782 Public and publicly guaranteed 1,218 1,483 1,442 1,689 1,726 1,827 1,762 782 Official creditors 1,202 1,479 1,439 1,686 1,722 1,823 1,762 782 Multilateral 537 871 950 1,149 1,294 1,408 1,344 413 Concessional 497 847 929 1,127 1,271 1,377 1,330 400 Bilateral 665 607 489 537 429 415 418 369 Concessional 512 407 412 456 377 363 373 324 Private creditors 17 4 3 3 4 4 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 Commercial banks and other 0 0 0 0 0 0 0 0 Memo: IBRD 0 0 0 0 0 0 0 0 IDA 326 498 578 654 729 791 771 126 Public sector LDOD 1,218 1,483 1,442 1,689 1,726 1,827 1,762 782 Private sector LDOD 0 0 0 0 0 0 0 0 DISBURSEMENTS 120 101 30 67 60 76 86 81 Public and publicly guaranteed 120 101 30 67 60 76 86 81 Official creditors 120 101 30 67 60 76 86 81 Multilateral 91 83 29 60 56 76 86 60 Concessional 82 79 29 60 56 76 86 60 Bilateral 29 18 2 7 5 0 0 21 Concessional 29 18 2 7 5 0 0 21 Private creditors 0 0 0 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 Commercial banks and other 0 0 0 0 0 0 0 0 Memo: IBRD 0 0 0 0 0 0 0 0 IDA 56 31 36 23 28 42 49 32 PRINCIPAL REPAYMENTS 19 24 45 23 32 37 41 65 Public and publicly guaranteed 19 24 45 23 32 37 41 65 Official creditors 18 24 45 23 32 37 37 65 Multilateral 18 17 15 13 14 18 22 28 Concessional 7 12 12 11 12 17 20 26 Bilateral 0 8 30 10 17 18 15 38 Concessional 0 3 24 9 15 16 13 35 Private creditors 0 0 0 0 0 0 4 0 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 Commercial banks and other 0 0 0 0 0 0 0 0 Memo: IBRD 0 0 0 0 0 0 0 0 IDA 1 3 4 3 4 5 6 8 INTEREST PAYMENTS (LINT) 14 21 15 22 16 18 19 16 Public and publicly guaranteed 14 21 15 22 16 18 19 16 Official creditors 14 21 15 22 16 18 18 16 Multilateral 13 9 9 12 11 13 13 11 Concessional 6 7 8 11 9 12 12 10 Bilateral 1 13 6 10 6 5 5 5 Concessional 1 4 3 6 3 2 2 2 Private creditors 0 0 0 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 Commercial banks and other 0 0 0 0 0 0 0 0 Memo: IBRD 0 0 0 0 0 0 0 0 IDA 2 4 4 4 5 6 6 4 61 BENIN (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 6. CURRENCY COMPOSITION OF PUBLIC AND PUBLICLY GUARANTEED DEBT (PERCENT) Euro .. .. .. 8.9 7.7 7.3 7.6 13.1 Japanese yen 0.0 0.0 2.3 3.7 2.0 2.0 1.8 3.9 Pound sterling 0.9 0.4 0.3 0.3 0.3 0.3 0.2 0.5 Swiss franc 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 U.S.dollars 50.8 51.8 60.9 58.6 59.7 58.0 56.4 41.9 7. DEBT RESTRUCTURINGS Total amount rescheduled 12 5 53 0 0 0 0 0 Debt stock rescheduled 0 0 0 0 0 0 0 0 Principal rescheduled 9 0 37 0 0 0 0 0 Official 4 0 37 0 0 0 0 0 Private 5 0 0 0 0 0 0 0 Interest rescheduled 1 3 6 0 0 0 0 0 Official 0 3 6 0 0 0 0 0 Private 0 0 0 0 0 0 0 0 Debt forgiven 122 137 4 11 12 12 13 4 Memo: interest forgiven 3 2 1 0 1 1 1 0 Debt stock reduction 0 0 0 0 59 0 0 1,018 of which debt buyback 0 0 0 0 0 0 0 0 8. DEBT STOCK-FLOW RECONCILIATION Total change in debt stocks 50 25 -96 175 -8 88 -62 -1,030 Net flows on debt 92 105 -65 34 -17 29 54 17 Cross-currency valuation 62 -4 -53 80 110 55 -119 -700 9. AVERAGE TERMS OF NEW COMMITMENTS ALL CREDITORS Interest (%) 1.3 1.3 1.6 0.9 0.0 0.8 0.6 0.7 Maturity (years) 39.2 33.1 36.0 39.3 0.0 43.4 42.2 39.0 Grace period (years) 8.4 8.7 8.3 9.5 0.0 10.0 8.7 8.3 Grant element (%) 72.0 70.4 68.5 76.9 0.0 80.3 80.4 77.7 Official creditors Interest (%) 1.3 1.3 1.6 0.9 0.0 0.8 0.6 0.7 Maturity (years) 39.2 33.1 36.0 39.3 0.0 43.4 42.2 39.0 Grace period (years) 8.4 8.7 8.3 9.5 0.0 10.0 8.7 8.3 Grant element (%) 72.0 70.4 68.5 76.9 0.0 80.3 80.4 77.7 Private creditors Interest (%) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Maturity (years) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Grace period (years) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Grant element (%) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 10. CONTRACTUAL OBLIGATIONS ON OUTSTANDING LONG-TERM DEBT 2007 2008 2009 2010 2011 2012 2013 2014 TOTAL Principal 57 58 56 57 57 58 58 33 Interest 11 11 10 10 9 9 8 8 Official creditors Principal 57 58 56 57 57 58 58 33 Interest 11 11 10 10 9 9 8 8 Bilateral creditors Principal 39 40 39 39 39 38 38 12 Interest 5 4 4 4 3 3 3 2 Multilateral creditors Principal 19 18 17 18 18 19 20 21 Interest 7 7 7 6 6 6 6 5 Private creditors Principal 0 0 0 0 0 0 0 0 Interest 0 0 0 0 0 0 0 0 Notes: Benin was granted debt relief effective in 2006 under the Multilateral Debt Relief Initiative. 62 BHUTAN (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 1. SUMMARY DEBT DATA TOTAL DEBT STOCKS (EDT) 83.5 105.8 203.8 377.9 485.9 593.3 649.2 713.3 Long-term debt (LDOD) 80.3 105.2 202.2 376.9 481.5 593.3 636.7 697.3 Public and publicly guaranteed 80.3 105.2 202.2 376.9 481.5 593.3 636.7 697.3 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Use of IMF credit 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Short-term debt 3.3 0.6 1.5 1.0 4.4 0.0 12.5 16.0 of which interest arrears on LDOD 0.3 0.6 0.0 0.0 0.0 0.0 4.5 0.0 Official creditors 0.3 0.6 0.0 0.0 0.0 0.0 4.5 0.0 Private creditors 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memorandum items Principal arrears on LDOD 1.5 0.2 0.0 0.0 0.0 0.0 4.1 0.0 Official creditors 1.5 0.2 0.0 0.0 0.0 0.0 4.1 0.0 Private creditors 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 TOTAL DEBT FLOWS Disbursements 8.4 9.9 34.8 97.8 92.3 92.6 81.9 45.2 Long-term debt 8.4 9.9 34.8 97.8 92.3 92.6 81.9 45.2 IMF purchases 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal repayments 2.9 7.2 4.7 4.5 4.8 6.7 4.6 5.9 Long-term debt 2.9 7.2 4.7 4.5 4.8 6.7 4.6 5.9 IMF repurchases 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Net flows on debt 6.5 2.7 29.6 94.3 90.9 81.4 85.3 47.3 of which short-term debt 1.0 0.0 -0.5 1.0 3.4 -4.4 8.0 8.0 Interest payments (INT) 2.3 2.6 2.0 1.9 2.4 5.2 2.2 4.2 Long-term debt 2.0 2.6 1.8 1.9 2.3 5.2 2.0 3.4 IMF charges 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Short-term debt 0.2 0.0 0.2 0.0 0.1 0.1 0.2 0.8 Net transfers on debt 4.2 0.1 27.6 92.4 88.5 76.2 83.1 43.1 Total debt service paid (TDS) 5.2 9.8 6.7 6.5 7.2 12.0 6.8 10.1 Long-term debt 5.0 9.8 6.5 6.4 7.1 11.9 6.6 9.3 IMF repurchases and charges 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Short-term debt (interest only) 0.2 0.0 0.2 0.0 0.1 0.1 0.2 0.8 2. OTHER NET RESOURCE FLOWS (LONG-TERM) Net flow of long-term debt (ex. IMF) 5.5 2.7 30.1 93.3 87.5 85.8 77.3 39.3 Foreign direct investment (net) 1.6 0.1 -0.1 0.3 1.1 1.0 0.8 6.1 Portfolio equity flows 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Grants (excluding technical coop.) 16.9 39.5 20.6 32.2 41.7 41.4 46.7 58.2 of which: Debt forgiveness grants .. .. 0.0 0.0 0.0 0.0 0.0 0.0 IDA grants .. .. .. 0.0 0.0 0.5 1.1 16.3 Memo: technical coop. grants 23.7 27.1 21.8 19.6 22.7 22.7 23.4 22.5 Interest on long-term debt 2.0 2.6 1.8 1.9 2.3 5.2 2.0 3.4 Profit remittances on FDI 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 3. MAJOR ECONOMIC AGGREGATES Gross national income (GNI) 285.0 269.8 403.5 535.9 616.5 696.7 816.2 939.9 Exports of goods, serv. & inc. (XGS) .. .. .. .. .. .. .. .. Worker remit. & comp. of employees 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Imports of goods & services (MGS) .. .. .. .. .. .. .. .. International reserves (RES) 88.8 130.5 317.6 354.9 366.6 398.6 467.4 545.3 Current account balance .. .. .. .. .. .. .. .. 4. DEBT INDICATORS EDT / XGS (%) .. .. .. .. .. .. .. .. EDT / GNI (%) 29.3 39.2 50.5 70.5 78.8 85.2 79.5 75.9 TDS / XGS (%) .. .. .. .. .. .. .. .. INT / XGS (%) .. .. .. .. .. .. .. .. INT / GNI (%) 0.8 1.0 0.5 0.4 0.4 0.8 0.3 0.4 RES / EDT (%) 106.3 123.3 155.9 93.9 75.4 67.2 72.0 76.5 RES / MGS (months) .. .. .. .. .. .. .. .. Short-term / EDT (%) 3.9 0.5 0.8 0.3 0.9 0.0 1.9 2.2 Concessional / EDT (%) 74.0 93.0 65.5 49.4 43.7 40.5 37.8 38.8 Multilateral / EDT (%) 50.1 64.5 49.4 37.2 30.7 28.6 27.3 27.4 63 BHUTAN (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 5. LONG-TERM DEBT DEBT OUTSTANDING (LDOD) 80.3 105.2 202.2 376.9 481.5 593.3 636.7 697.3 Public and publicly guaranteed 80.3 105.2 202.2 376.9 481.5 593.3 636.7 697.3 Official creditors 61.8 98.4 202.2 376.9 481.5 593.3 636.7 697.3 Multilateral 41.9 68.2 100.6 140.5 149.1 169.6 177.1 195.8 Concessional 41.9 68.2 100.6 140.5 149.1 169.6 177.1 195.8 Bilateral 19.9 30.2 101.6 236.4 332.4 423.7 459.6 501.5 Concessional 19.9 30.2 32.9 46.1 63.1 71.0 68.3 80.9 Private creditors 18.5 6.8 0.0 0.0 0.0 0.0 0.0 0.0 of which: Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks and other 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 16.1 22.5 26.1 38.5 49.2 60.3 63.3 76.0 Public sector LDOD 80.3 105.2 202.2 376.9 481.5 593.3 636.7 697.3 Private sector LDOD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 DISBURSEMENTS 8.4 9.9 34.8 97.8 92.3 92.6 81.9 45.2 Public and publicly guaranteed 8.4 9.9 34.8 97.8 92.3 92.6 81.9 45.2 Official creditors 8.4 9.9 34.8 97.8 92.3 92.6 81.9 45.2 Multilateral 7.2 5.8 11.8 23.0 12.7 16.4 22.1 15.1 Concessional 7.2 5.8 11.8 23.0 12.7 16.4 22.1 15.1 Bilateral 1.2 4.1 23.0 74.9 79.6 76.1 59.9 30.1 Concessional 1.2 4.1 0.9 13.9 12.1 5.8 8.6 8.5 Private creditors 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 of which: Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks and other 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 2.0 1.2 3.6 5.5 6.9 9.0 8.4 10.3 PRINCIPAL REPAYMENTS 2.9 7.2 4.7 4.5 4.8 6.7 4.6 5.9 Public and publicly guaranteed 2.9 7.2 4.7 4.5 4.8 6.7 4.6 5.9 Official creditors 0.3 4.9 4.7 4.5 4.8 6.7 4.6 5.9 Multilateral 0.0 0.6 1.3 1.2 1.3 1.8 2.2 2.5 Concessional 0.0 0.6 1.3 1.2 1.3 1.8 2.2 2.5 Bilateral 0.3 4.3 3.4 3.4 3.5 4.9 2.5 3.4 Concessional 0.3 4.3 3.4 3.4 3.5 2.9 2.5 3.4 Private creditors 2.6 2.3 0.0 0.0 0.0 0.0 0.0 0.0 of which: Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks and other 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 0.0 0.1 0.3 0.3 0.3 0.5 0.7 0.8 INTEREST PAYMENTS (LINT) 2.0 2.6 1.8 1.9 2.3 5.2 2.0 3.4 Public and publicly guaranteed 2.0 2.6 1.8 1.9 2.3 5.2 2.0 3.4 Official creditors 0.4 2.0 1.8 1.9 2.3 5.2 2.0 3.4 Multilateral 0.3 0.6 0.9 1.0 1.2 1.6 1.6 1.8 Concessional 0.3 0.6 0.9 1.0 1.2 1.6 1.6 1.8 Bilateral 0.1 1.4 0.9 0.9 1.1 3.6 0.4 1.6 Concessional 0.1 1.4 0.9 0.9 1.1 1.4 0.4 1.6 Private creditors 1.6 0.6 0.0 0.0 0.0 0.0 0.0 0.0 of which: Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks and other 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 0.1 0.2 0.2 0.2 0.3 0.6 0.6 0.6 64 BHUTAN (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 6. CURRENCY COMPOSITION OF PUBLIC AND PUBLICLY GUARANTEED DEBT (PERCENT) Euro .. .. .. 8.5 10.6 10.3 9.6 10.9 Japanese yen 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Pound sterling 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Swiss franc 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 U.S.dollars 43.1 28.6 17.7 18.3 17.7 17.6 18.2 19.2 7. DEBT RESTRUCTURINGS Total amount rescheduled 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Debt stock rescheduled 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal rescheduled 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Official 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Interest rescheduled 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Official 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Debt forgiven 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: interest forgiven 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Debt stock reduction 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 of which debt buyback 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 8. DEBT STOCK-FLOW RECONCILIATION Total change in debt stocks 9.7 1.3 20.0 112.7 108.0 107.3 55.9 64.1 Net flows on debt 6.5 2.7 29.6 94.3 90.9 81.4 85.3 47.3 Cross-currency valuation 1.1 -2.0 -10.6 10.6 27.4 22.7 -32.3 20.4 9. AVERAGE TERMS OF NEW COMMITMENTS ALL CREDITORS Interest (%) 0.0 1.3 3.6 6.8 5.6 8.9 0.8 1.4 Maturity (years) 0.0 33.4 31.7 23.2 28.6 21.9 28.6 32.0 Grace period (years) 0.0 11.2 10.0 9.9 9.9 9.9 7.1 8.5 Grant element (%) 0.0 73.8 53.1 24.8 37.2 8.3 65.9 70.4 Official creditors Interest (%) 0.0 1.3 3.6 6.8 5.6 8.9 0.8 1.4 Maturity (years) 0.0 33.4 31.7 23.2 28.6 21.9 28.6 32.0 Grace period (years) 0.0 11.2 10.0 9.9 9.9 9.9 7.1 8.5 Grant element (%) 0.0 73.8 53.1 24.8 37.2 8.3 65.9 70.4 Private creditors Interest (%) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Maturity (years) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Grace period (years) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Grant element (%) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 10. CONTRACTUAL OBLIGATIONS ON OUTSTANDING LONG-TERM DEBT 2007 2008 2009 2010 2011 2012 2013 2014 TOTAL Principal 46.5 43.5 44.6 48.2 48.2 48.7 49.0 49.7 Interest 41.7 39.3 36.3 33.1 29.7 26.2 22.8 19.4 Official creditors Principal 46.5 43.5 44.6 48.2 48.2 48.7 49.0 49.7 Interest 41.7 39.3 36.3 33.1 29.7 26.2 22.8 19.4 Bilateral creditors Principal 43.7 39.7 39.3 41.9 41.9 41.9 41.9 41.9 Interest 39.4 36.9 33.8 30.4 27.0 23.7 20.3 16.9 Multilateral creditors Principal 2.8 3.7 5.3 6.3 6.4 6.9 7.2 7.8 Interest 2.3 2.4 2.6 2.6 2.6 2.6 2.5 2.5 Private creditors Principal 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Interest 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Notes: 65 BOLIVIA (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 1. SUMMARY DEBT DATA TOTAL DEBT STOCKS (EDT) 4,275 5,272 5,785 5,003 5,795 6,215 6,935 5,292 Long-term debt (LDOD) 3,864 4,698 5,163 4,438 5,185 5,636 6,510 5,057 Public and publicly guaranteed 3,687 4,459 4,137 3,514 4,154 4,551 4,596 3,203 Private nonguaranteed 177 239 1,026 923 1,031 1,085 1,914 1,855 Use of IMF credit 257 268 220 195 279 307 244 15 Short-term debt 154 307 402 370 332 272 182 220 of which interest arrears on LDOD 6 20 2 0 0 0 0 0 Official creditors 2 7 2 0 0 0 0 0 Private creditors 4 13 0 0 0 0 0 0 Memorandum items Principal arrears on LDOD 31 30 19 0 0 0 0 0 Official creditors 9 21 19 0 0 0 0 0 Private creditors 22 9 0 0 0 0 0 0 TOTAL DEBT FLOWS Disbursements 331 520 759 618 932 729 927 364 Long-term debt 300 494 744 618 842 673 913 364 IMF purchases 31 26 15 0 90 56 14 0 Principal repayments 241 199 454 362 302 378 355 215 Long-term debt 196 173 434 345 284 356 315 215 IMF repurchases 46 26 20 17 19 22 40 0 Net flows on debt 32 341 294 246 591 291 481 187 of which short-term debt -57 20 -10 -10 -38 -60 -91 38 Interest payments (INT) 144 173 180 115 133 141 174 216 Long-term debt 117 155 159 100 116 124 158 204 IMF charges 13 1 1 1 1 4 6 2 Short-term debt 14 17 20 15 15 13 10 10 Net transfers on debt -112 168 114 130 458 150 307 -28 Total debt service paid (TDS) 385 372 634 478 435 519 529 430 Long-term debt 313 328 593 445 400 481 473 419 IMF repurchases and charges 59 27 21 18 20 25 46 2 Short-term debt (interest only) 14 17 20 15 15 13 10 10 2. OTHER NET RESOURCE FLOWS (LONG-TERM) Net flow of long-term debt (ex. IMF) 104 321 309 273 558 317 598 149 Foreign direct investment (net) 27 393 736 677 197 65 -239 240 Portfolio equity flows 0 0 0 0 0 0 0 0 Grants (excluding technical coop.) 202 328 221 608 464 784 281 1,844 of which: Debt forgiveness grants .. .. 143 396 107 508 23 1,582 IDA grants .. .. .. 0 0 0 0 0 Memo: technical coop. grants 108 217 147 212 265 242 242 304 Interest on long-term debt 117 155 159 100 116 124 158 204 Profit remittances on FDI 17 24 148 183 234 292 271 321 3. MAJOR ECONOMIC AGGREGATES Gross national income (GNI) 4,626 6,494 8,172 7,701 7,781 8,388 9,065 10,799 Exports of goods, serv. & inc. (XGS) 998 1,264 1,711 1,742 2,159 2,817 3,705 5,081 Worker remit. & comp. of employees 5 7 127 113 159 210 346 612 Imports of goods & services (MGS) 1,354 1,809 2,443 2,380 2,422 2,792 3,363 4,015 International reserves (RES) 511 1,005 1,184 893 1,097 1,271 1,795 3,194 Current account balance -199 -303 -446 -352 76 337 622 1,319 4. DEBT INDICATORS EDT / XGS (%) 428.6 417.1 338.2 287.3 268.4 220.7 187.2 104.2 EDT / GNI (%) 92.4 81.2 70.8 65.0 74.5 74.1 76.5 49.0 TDS / XGS (%) 38.6 29.4 37.1 27.4 20.2 18.4 14.3 8.5 INT / XGS (%) 14.4 13.7 10.5 6.6 6.2 5.0 4.7 4.2 INT / GNI (%) 3.1 2.7 2.2 1.5 1.7 1.7 1.9 2.0 RES / EDT (%) 12.0 19.1 20.5 17.8 18.9 20.5 25.9 60.4 RES / MGS (months) 4.5 6.7 5.8 4.5 5.4 5.5 6.4 9.5 Short-term / EDT (%) 3.6 5.8 7.0 7.4 5.7 4.4 2.6 4.2 Concessional / EDT (%) 44.2 51.7 53.9 52.7 55.4 58.4 53.3 45.1 Multilateral / EDT (%) 37.2 48.9 48.5 65.6 67.6 68.3 61.1 52.8 66 BOLIVIA (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 5. LONG-TERM DEBT DEBT OUTSTANDING (LDOD) 3,864 4,698 5,163 4,438 5,185 5,636 6,510 5,057 Public and publicly guaranteed 3,687 4,459 4,137 3,514 4,154 4,551 4,596 3,203 Official creditors 3,362 4,396 4,103 3,490 4,129 4,525 4,573 3,183 Multilateral 1,589 2,579 2,803 3,284 3,920 4,243 4,240 2,792 Concessional 882 1,397 1,968 2,442 3,003 3,350 3,362 1,996 Bilateral 1,773 1,817 1,300 207 209 283 333 390 Concessional 1,006 1,327 1,150 194 204 282 333 390 Private creditors 325 63 33 24 25 26 23 20 of which: Bonds 35 17 0 0 0 0 0 0 Commercial banks 4 9 3 0 0 0 0 0 Private nonguaranteed 177 239 1,026 923 1,031 1,085 1,914 1,855 Bonds 0 0 0 0 0 0 0 0 Commercial banks and other 177 239 1,026 923 1,031 1,085 1,914 1,855 Memo: IBRD 194 95 0 0 0 0 0 0 IDA 393 770 1,096 1,321 1,571 1,750 1,673 233 Public sector LDOD 3,687 4,459 3,759 3,469 4,117 4,523 4,573 3,185 Private sector LDOD 177 239 1,403 969 1,067 1,112 1,937 1,873 DISBURSEMENTS 300 494 744 618 842 673 913 364 Public and publicly guaranteed 300 427 276 498 618 496 466 259 Official creditors 291 427 263 495 617 494 465 258 Multilateral 204 383 238 460 597 408 382 186 Concessional 90 174 151 300 403 295 231 129 Bilateral 86 45 25 36 20 85 83 72 Concessional 85 45 21 34 20 85 83 72 Private creditors 9 0 13 3 1 2 1 1 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 Private nonguaranteed 0 67 468 119 224 177 447 105 Bonds 0 0 0 0 0 0 0 0 Commercial banks and other 0 67 468 119 224 177 447 105 Memo: IBRD 0 0 0 0 0 0 0 0 IDA 49 113 61 104 143 124 71 34 PRINCIPAL REPAYMENTS 196 173 434 345 284 356 315 215 Public and publicly guaranteed 172 155 153 147 189 181 184 206 Official creditors 163 147 149 147 187 179 181 202 Multilateral 117 120 118 130 168 170 169 188 Concessional 14 22 21 14 24 23 27 43 Bilateral 46 27 32 16 19 9 13 14 Concessional 9 3 22 10 11 5 12 14 Private creditors 9 8 4 1 1 2 2 4 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 2 4 1 0 0 0 0 0 Private nonguaranteed 24 18 281 198 95 175 131 8 Bonds 0 0 0 0 0 0 0 0 Commercial banks and other 24 18 281 198 95 175 131 8 Memo: IBRD 21 26 12 0 0 0 0 0 IDA 2 2 0 7 6 8 8 12 INTEREST PAYMENTS (LINT) 117 155 159 100 116 124 158 204 Public and publicly guaranteed 103 137 112 68 80 78 100 112 Official creditors 101 133 111 68 79 78 99 112 Multilateral 69 100 82 61 76 75 94 102 Concessional 10 17 15 12 27 33 44 46 Bilateral 32 33 29 6 4 3 5 10 Concessional 6 24 23 5 3 2 5 10 Private creditors 2 4 1 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 1 1 0 0 0 0 0 0 Private nonguaranteed 14 19 47 32 36 46 59 92 Bonds 0 0 0 0 0 0 0 0 Commercial banks and other 14 19 47 32 36 46 59 92 Memo: IBRD 15 9 1 0 0 0 0 0 IDA 3 6 1 7 8 12 12 7 67 BOLIVIA (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 6. CURRENCY COMPOSITION OF PUBLIC AND PUBLICLY GUARANTEED DEBT (PERCENT) Euro .. .. .. 1.0 0.9 1.7 1.4 2.5 Japanese yen 10.0 13.2 12.3 0.0 0.0 0.0 0.0 0.0 Pound sterling 0.9 0.7 0.2 0.0 0.0 0.0 0.0 0.0 Swiss franc 0.7 0.0 0.0 0.0 0.0 0.0 0.0 0.0 U.S.dollars 41.3 32.7 45.0 65.9 70.7 73.0 75.5 66.6 7. DEBT RESTRUCTURINGS Total amount rescheduled 153 196 0 3 0 0 0 0 Debt stock rescheduled 0 10 0 0 0 0 0 0 Principal rescheduled 81 138 0 0 0 0 0 0 Official 69 137 0 0 0 0 0 0 Private 12 1 0 0 0 0 0 0 Interest rescheduled 63 46 0 0 0 0 0 0 Official 59 46 0 0 0 0 0 0 Private 3 1 0 0 0 0 0 0 Debt forgiven 92 74 28 41 33 33 38 31 Memo: interest forgiven 60 8 8 13 12 17 12 13 Debt stock reduction 20 0 18 61 0 0 0 1,506 of which debt buyback 4 0 0 0 0 0 0 0 8. DEBT STOCK-FLOW RECONCILIATION Total change in debt stocks 143 396 237 313 792 420 720 -1,643 Net flows on debt 32 341 294 246 591 291 481 187 Cross-currency valuation 114 -33 -212 113 226 80 -195 -1,700 9. AVERAGE TERMS OF NEW COMMITMENTS ALL CREDITORS Interest (%) 4.2 3.8 4.2 3.9 3.0 3.2 4.9 4.1 Maturity (years) 29.2 28.9 28.4 23.1 22.3 17.7 21.6 24.9 Grace period (years) 7.9 7.7 7.8 6.2 6.4 4.5 5.6 5.8 Grant element (%) 47.8 50.0 48.0 43.1 48.5 40.7 36.3 42.9 Official creditors Interest (%) 4.1 3.8 4.2 3.9 3.0 3.2 4.9 4.1 Maturity (years) 29.5 29.1 28.6 23.2 22.3 17.7 21.6 24.9 Grace period (years) 7.9 7.8 7.9 6.2 6.4 4.5 5.6 5.8 Grant element (%) 48.4 50.4 48.2 43.2 48.5 40.7 36.3 42.9 Private creditors Interest (%) 9.4 6.7 7.4 6.3 0.0 0.0 0.0 0.0 Maturity (years) 5.8 5.6 5.8 5.5 0.0 0.0 0.0 0.0 Grace period (years) 1.5 1.0 0.8 1.0 0.0 0.0 0.0 0.0 Grant element (%) 1.0 8.2 6.3 9.5 0.0 0.0 0.0 0.0 10. CONTRACTUAL OBLIGATIONS ON OUTSTANDING LONG-TERM DEBT 2007 2008 2009 2010 2011 2012 2013 2014 TOTAL Principal 514 492 535 568 499 389 321 264 Interest 285 251 218 188 148 118 96 78 Official creditors Principal 217 206 234 251 248 241 228 207 Interest 146 144 137 126 112 98 84 72 Bilateral creditors Principal 27 27 30 32 33 31 27 27 Interest 13 12 12 11 10 9 8 6 Multilateral creditors Principal 189 180 204 219 215 209 201 180 Interest 133 131 125 115 102 89 76 65 Private creditors Principal 298 285 301 317 251 148 93 57 Interest 139 107 81 62 36 21 12 7 Notes: Bolivia was granted debt relief effective in 2006 under the Multilateral Debt Relief Initiative. Short-term debt data are based on country reports. 68 BOSNIA AND HERZEGOVINA (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 1. SUMMARY DEBT DATA TOTAL DEBT STOCKS (EDT) .. .. 2,773 3,140 4,460 5,245 5,295 5,669 Long-term debt (LDOD) .. .. 2,619 2,652 4,213 4,776 4,396 4,505 Public and publicly guaranteed .. .. 1,957 2,031 2,316 2,686 2,556 2,830 Private nonguaranteed .. .. 663 622 1,896 2,090 1,840 1,675 Use of IMF credit .. 48 105 139 134 109 62 20 Short-term debt .. 0 49 349 113 360 837 1,144 of which interest arrears on LDOD .. .. 1 2 0 0 0 0 Official creditors .. .. 1 2 0 0 0 0 Private creditors .. .. 0 0 0 0 0 0 Memorandum items Principal arrears on LDOD .. .. 1 0 0 0 0 0 Official creditors .. .. 1 0 0 0 0 0 Private creditors .. .. 0 0 0 0 0 0 TOTAL DEBT FLOWS Disbursements .. .. 138 221 468 631 462 185 Long-term debt .. .. 103 180 434 613 462 185 IMF purchases .. 46 36 41 34 18 0 0 Principal repayments .. .. 190 91 122 121 122 404 Long-term debt .. .. 170 68 71 74 82 360 IMF repurchases .. 28 20 23 51 48 39 44 Net flows on debt .. .. -41 417 112 757 818 88 of which short-term debt .. .. 11 287 -234 247 477 307 Interest payments (INT) .. .. 127 83 95 121 135 185 Long-term debt .. .. 119 77 88 113 120 139 IMF charges .. 5 5 3 2 3 3 2 Short-term debt .. .. 3 3 4 5 12 44 Net transfers on debt .. .. -168 334 18 636 682 -97 Total debt service paid (TDS) .. .. 318 174 216 243 257 589 Long-term debt .. .. 290 145 159 187 203 499 IMF repurchases and charges .. 33 25 26 53 51 43 46 Short-term debt (interest only) .. .. 3 3 4 5 12 44 2. OTHER NET RESOURCE FLOWS (LONG-TERM) Net flow of long-term debt (ex. IMF) .. .. -68 112 364 540 380 -175 Foreign direct investment (net) .. .. 146 268 382 669 521 423 Portfolio equity flows .. .. 0 0 0 0 0 0 Grants (excluding technical coop.) .. 870 570 325 317 289 292 258 of which: Debt forgiveness grants .. .. 4 4 24 4 4 5 IDA grants .. .. .. 0 0 0 0 0 Memo: technical coop. grants .. 62 103 123 152 147 137 151 Interest on long-term debt .. .. 119 77 88 113 120 139 Profit remittances on FDI .. .. 0 5 10 59 96 188 3. MAJOR ECONOMIC AGGREGATES Gross national income (GNI) .. 1,625 5,927 7,119 8,903 10,479 11,218 12,815 Exports of goods, serv. & inc. (XGS) .. .. 3,196 3,195 3,996 5,099 5,689 6,736 Worker remit. & comp. of employees .. .. 1,595 1,526 1,749 2,072 2,052 2,068 Imports of goods & services (MGS) .. .. 4,234 4,852 6,141 7,259 8,214 8,511 International reserves (RES) .. .. 497 1,321 1,796 2,408 2,531 3,372 Current account balance .. .. -396 -1,191 -1,631 -1,639 -1,976 -1,233 4. DEBT INDICATORS EDT / XGS (%) .. .. 86.8 98.3 111.6 102.9 93.1 84.2 EDT / GNI (%) .. .. 46.8 44.1 50.1 50.0 47.2 44.2 TDS / XGS (%) .. .. 9.9 5.4 5.4 4.8 4.5 8.7 INT / XGS (%) .. .. 4.0 2.6 2.4 2.4 2.4 2.7 INT / GNI (%) .. .. 2.2 1.2 1.1 1.2 1.2 1.4 RES / EDT (%) .. .. 17.9 42.1 40.3 45.9 47.8 59.5 RES / MGS (months) .. .. 1.4 3.3 3.5 4.0 3.7 4.8 Short-term / EDT (%) .. .. 1.8 11.1 2.5 6.9 15.8 20.2 Concessional / EDT (%) .. .. 33.4 37.0 30.2 31.3 29.8 32.5 Multilateral / EDT (%) .. .. 45.6 40.1 32.0 33.3 32.3 31.8 69 BOSNIA AND HERZEGOVINA (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 5. LONG-TERM DEBT DEBT OUTSTANDING (LDOD) .. .. 2,619 2,652 4,213 4,776 4,396 4,505 Public and publicly guaranteed .. .. 1,957 2,031 2,316 2,686 2,556 2,830 Official creditors .. .. 1,832 1,890 2,147 2,504 2,401 2,660 Multilateral .. .. 1,266 1,261 1,427 1,744 1,712 1,800 Concessional .. .. 460 644 758 1,023 1,009 1,092 Bilateral .. .. 566 630 720 760 689 860 Concessional .. .. 465 518 587 620 567 751 Private creditors .. .. 125 140 169 182 155 169 of which: Bonds .. .. 0 0 0 0 0 0 Commercial banks .. .. 125 140 169 182 155 169 Private nonguaranteed .. .. 663 622 1,896 2,090 1,840 1,675 Bonds .. .. 0 0 0 0 0 0 Commercial banks and other .. .. 663 622 1,896 2,090 1,840 1,675 Memo: IBRD .. 472 562 538 540 527 481 466 IDA .. 0 398 578 683 927 921 983 Public sector LDOD .. .. 1,957 2,031 2,316 2,684 2,553 2,825 Private sector LDOD .. .. 663 622 1,896 2,092 1,843 1,680 DISBURSEMENTS .. .. 103 180 434 613 462 185 Public and publicly guaranteed .. .. 98 131 117 287 149 131 Official creditors .. .. 98 131 117 287 149 131 Multilateral .. .. 90 108 92 275 133 93 Concessional .. .. 62 98 49 225 59 52 Bilateral .. .. 8 23 25 12 17 39 Concessional .. .. 8 11 25 12 17 39 Private creditors .. .. 0 0 0 0 0 0 of which: Bonds .. .. 0 0 0 0 0 0 Commercial banks .. .. 0 0 0 0 0 0 Private nonguaranteed .. .. 5 49 317 326 313 53 Bonds .. .. 0 0 0 0 0 0 Commercial banks and other .. .. 5 49 317 326 313 53 Memo: IBRD .. 0 0 0 0 0 0 0 IDA .. 0 44 97 48 209 56 27 PRINCIPAL REPAYMENTS .. .. 170 68 71 74 82 360 Public and publicly guaranteed .. .. 170 55 48 51 54 125 Official creditors .. .. 170 55 48 51 51 122 Multilateral .. .. 166 32 34 35 44 56 Concessional .. .. 0 2 2 2 2 5 Bilateral .. .. 3 23 13 16 7 65 Concessional .. .. 3 10 11 13 6 65 Private creditors .. .. 0 0 0 0 3 3 of which: Bonds .. .. 0 0 0 0 0 0 Commercial banks .. .. 0 0 0 0 3 3 Private nonguaranteed .. .. 1 13 23 22 28 235 Bonds .. .. 0 0 0 0 0 0 Commercial banks and other .. .. 1 13 23 22 28 235 Memo: IBRD .. 0 0 23 24 24 24 24 IDA .. 0 0 0 0 0 0 4 INTEREST PAYMENTS (LINT) .. .. 119 77 88 113 120 139 Public and publicly guaranteed .. .. 89 48 47 47 53 64 Official creditors .. .. 86 45 43 42 48 58 Multilateral .. .. 74 30 29 29 35 43 Concessional .. .. 4 5 6 8 9 9 Bilateral .. .. 13 15 14 13 13 16 Concessional .. .. 8 9 9 7 7 10 Private creditors .. .. 2 4 5 5 6 6 of which: Bonds .. .. 0 0 0 0 0 0 Commercial banks .. .. 2 4 5 5 6 6 Private nonguaranteed .. .. 30 29 41 67 67 75 Bonds .. .. 0 0 0 0 0 0 Commercial banks and other .. .. 30 29 41 67 67 75 Memo: IBRD .. 0 33 22 17 15 17 23 IDA .. 0 3 4 5 6 7 8 70 BOSNIA AND HERZEGOVINA (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 6. CURRENCY COMPOSITION OF PUBLIC AND PUBLICLY GUARANTEED DEBT (PERCENT) Euro .. .. .. 32.3 34.7 34.7 33.9 38.3 Japanese yen .. .. 0.0 0.2 1.1 1.2 1.2 1.2 Pound sterling .. .. 0.0 0.0 0.0 0.0 0.0 0.0 Swiss franc .. .. 2.3 2.4 2.2 2.0 1.7 1.2 U.S.dollars .. .. 27.6 35.7 35.7 39.6 41.3 39.2 7. DEBT RESTRUCTURINGS Total amount rescheduled .. .. 4 0 0 0 0 0 Debt stock rescheduled .. .. 0 0 0 0 0 0 Principal rescheduled .. .. 2 0 0 0 0 0 Official .. .. 0 0 0 0 0 0 Private .. .. 2 0 0 0 0 0 Interest rescheduled .. .. 1 0 0 0 0 0 Official .. .. 0 0 0 0 0 0 Private .. .. 1 0 0 0 0 0 Debt forgiven .. .. 0 0 0 0 0 0 Memo: interest forgiven .. .. 0 0 0 0 0 0 Debt stock reduction .. .. 0 0 0 0 0 0 of which debt buyback .. .. 0 0 0 0 0 0 8. DEBT STOCK-FLOW RECONCILIATION Total change in debt stocks .. .. 397 482 1,320 785 50 374 Net flows on debt .. .. -41 417 112 757 818 88 Cross-currency valuation .. .. -114 184 239 122 -228 155 9. AVERAGE TERMS OF NEW COMMITMENTS ALL CREDITORS Interest (%) .. .. 3.7 0.8 1.4 1.4 1.9 3.1 Maturity (years) .. .. 23.3 34.6 19.4 21.6 17.1 20.5 Grace period (years) .. .. 6.7 9.9 10.4 11.5 5.9 6.8 Grant element (%) .. .. 45.8 78.3 63.8 66.0 51.5 47.2 Official creditors Interest (%) .. .. 3.7 0.8 1.4 1.4 1.9 3.1 Maturity (years) .. .. 23.3 34.6 19.4 21.6 17.1 20.8 Grace period (years) .. .. 6.7 9.9 10.4 11.5 5.9 6.9 Grant element (%) .. .. 45.8 78.3 63.8 66.0 51.5 47.6 Private creditors Interest (%) .. .. 0.0 0.0 0.0 0.0 0.0 2.9 Maturity (years) .. .. 0.0 0.0 0.0 0.0 0.0 11.9 Grace period (years) .. .. 0.0 0.0 0.0 0.0 0.0 2.9 Grant element (%) .. .. 0.0 0.0 0.0 0.0 0.0 34.9 10. CONTRACTUAL OBLIGATIONS ON OUTSTANDING LONG-TERM DEBT 2007 2008 2009 2010 2011 2012 2013 2014 TOTAL Principal 433 667 299 256 198 216 282 634 Interest 142 135 118 110 104 98 91 81 Official creditors Principal 152 156 122 140 148 149 150 155 Interest 64 69 72 72 70 66 62 58 Bilateral creditors Principal 86 87 31 31 31 31 32 32 Interest 15 15 15 14 13 13 12 11 Multilateral creditors Principal 66 69 92 109 117 118 118 123 Interest 49 54 58 58 57 54 50 47 Private creditors Principal 281 511 177 116 50 67 132 479 Interest 78 66 45 38 34 31 28 23 Notes: Prior to 1999 data on long-term public and publicly guaranteed debt include only IBRD and IMF loans. Long-term private nonguaranteed debt data are World Bank staff estimates. Includes intercompany debt starting from 2005. 71 BOTSWANA (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 1. SUMMARY DEBT DATA TOTAL DEBT STOCKS (EDT) 552.9 717.2 452.8 488.4 513.6 510.0 472.6 408.5 Long-term debt (LDOD) 547.1 707.0 437.8 472.4 484.6 488.0 437.6 384.5 Public and publicly guaranteed 547.1 707.0 437.8 472.4 484.6 488.0 437.6 384.5 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Use of IMF credit 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Short-term debt 5.8 10.2 15.0 16.0 29.0 22.0 35.0 24.0 of which interest arrears on LDOD 2.6 6.2 0.0 0.0 0.0 0.0 0.0 0.0 Official creditors 1.3 0.2 0.0 0.0 0.0 0.0 0.0 0.0 Private creditors 1.3 6.0 0.0 0.0 0.0 0.0 0.0 0.0 Memorandum items Principal arrears on LDOD 2.7 9.0 1.0 0.0 0.0 0.0 0.0 0.0 Official creditors 0.9 3.0 1.0 0.0 0.0 0.0 0.0 0.0 Private creditors 1.8 6.0 0.0 0.0 0.0 0.0 0.0 0.0 TOTAL DEBT FLOWS Disbursements 27.0 67.4 28.0 1.8 13.5 22.1 37.5 2.6 Long-term debt 27.0 67.4 28.0 1.8 13.5 22.1 37.5 2.6 IMF purchases 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal repayments 66.5 63.9 52.1 44.6 38.0 36.8 39.0 42.1 Long-term debt 66.5 63.9 52.1 44.6 38.0 36.8 39.0 42.1 IMF repurchases 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Net flows on debt -39.4 4.0 -28.8 -47.8 -11.6 -21.7 11.5 -50.6 of which short-term debt 0.1 0.6 -4.7 -5.0 13.0 -7.0 13.0 -11.0 Interest payments (INT) 38.8 27.5 16.6 16.2 12.4 11.8 12.4 12.7 Long-term debt 38.6 27.3 15.2 15.2 11.4 10.9 11.4 10.8 IMF charges 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Short-term debt 0.2 0.2 1.3 1.0 1.0 0.9 1.0 1.9 Net transfers on debt -78.2 -23.5 -45.3 -63.9 -24.0 -33.5 -0.9 -63.3 Total debt service paid (TDS) 105.3 91.4 68.7 60.8 50.5 48.6 51.3 54.9 Long-term debt 105.1 91.2 67.4 59.8 49.5 47.7 50.3 53.0 IMF repurchases and charges 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Short-term debt (interest only) 0.2 0.2 1.3 1.0 1.0 0.9 1.0 1.9 2. OTHER NET RESOURCE FLOWS (LONG-TERM) Net flow of long-term debt (ex. IMF) -39.5 3.4 -24.1 -42.8 -24.6 -14.7 -1.5 -39.6 Foreign direct investment (net) 95.9 70.4 57.2 403.4 418.0 391.1 278.6 486.4 Portfolio equity flows 0.0 5.5 -5.9 7.1 10.2 0.6 61.6 35.9 Grants (excluding technical coop.) 78.4 28.6 18.1 13.5 14.9 29.6 34.4 46.4 of which: Debt forgiveness grants .. .. 2.7 1.4 2.8 1.0 5.5 4.5 IDA grants .. .. .. 0.0 0.0 0.0 0.0 0.0 Memo: technical coop. grants 59.1 51.4 18.2 38.3 27.2 34.3 31.1 37.3 Interest on long-term debt 38.6 27.3 15.2 15.2 11.4 10.9 11.4 10.8 Profit remittances on FDI 406.9 415.7 657.9 909.0 1003.5 1092.3 1065.7 1042.5 3. MAJOR ECONOMIC AGGREGATES Gross national income (GNI) 3685.7 4741.3 5825.9 5235.1 7564.2 8796.0 9633.5 9935.4 Exports of goods, serv. & inc. (XGS) 2421.1 2903.8 3378.6 3076.5 4050.2 4744.0 5836.0 5899.6 Worker remit. & comp. of employees 86.0 59.0 26.0 27.0 39.0 93.0 125.0 116.8 Imports of goods & services (MGS) 2508.9 2565.3 3050.2 3132.2 3878.0 4910.4 4834.8 4752.5 International reserves (RES) 3331.5 4695.5 6318.2 5473.9 5339.8 5661.4 6309.1 7992.4 Current account balance -19.3 299.7 545.2 156.7 462.2 308.9 1597.1 1939.8 4. DEBT INDICATORS EDT / XGS (%) 22.8 24.7 13.4 15.9 12.7 10.8 8.1 6.9 EDT / GNI (%) 15.0 15.1 7.8 9.3 6.8 5.8 4.9 4.1 TDS / XGS (%) 4.3 3.1 2.0 2.0 1.2 1.0 0.9 0.9 INT / XGS (%) 1.6 0.9 0.5 0.5 0.3 0.2 0.2 0.2 INT / GNI (%) 1.1 0.6 0.3 0.3 0.2 0.1 0.1 0.1 RES / EDT (%) 602.5 654.7 1,395.5 1,120.7 1,039.6 1,110.0 1,334.9 1,956.7 RES / MGS (months) 15.9 22.0 24.9 21.0 16.5 13.8 15.7 20.2 Short-term / EDT (%) 1.0 1.4 3.3 3.3 5.6 4.3 7.4 5.9 Concessional / EDT (%) 32.9 49.1 64.0 60.6 60.3 63.0 61.9 63.6 Multilateral / EDT (%) 70.0 70.1 65.7 66.6 64.8 64.3 60.8 65.9 72 BOTSWANA (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 5. LONG-TERM DEBT DEBT OUTSTANDING (LDOD) 547.1 707.0 437.8 472.4 484.6 488.0 437.6 384.5 Public and publicly guaranteed 547.1 707.0 437.8 472.4 484.6 488.0 437.6 384.5 Official creditors 519.7 660.0 409.9 455.3 469.8 474.0 425.9 375.1 Multilateral 387.1 502.9 297.4 325.5 333.0 327.7 287.3 269.2 Concessional 109.8 218.6 180.1 166.2 173.0 175.0 153.7 153.8 Bilateral 132.7 157.2 112.5 129.8 136.8 146.3 138.6 105.8 Concessional 71.9 133.7 109.5 129.6 136.7 146.3 138.6 105.8 Private creditors 27.4 47.0 27.9 17.1 14.8 14.0 11.7 9.4 of which: Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 3.0 32.8 19.9 10.4 8.8 8.7 7.1 5.5 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks and other 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 155.2 96.3 15.6 7.4 5.0 3.4 2.1 1.1 IDA 13.6 11.5 9.1 8.2 7.7 7.2 6.7 6.3 Public sector LDOD 547.1 676.4 432.4 472.4 484.6 488.0 437.6 384.5 Private sector LDOD 0.0 30.5 5.4 0.0 0.0 0.0 0.0 0.0 DISBURSEMENTS 27.0 67.4 28.0 1.8 13.5 22.1 37.5 2.6 Public and publicly guaranteed 27.0 67.4 28.0 1.8 13.5 22.1 37.5 2.6 Official creditors 27.0 67.4 24.3 1.8 13.5 22.1 37.5 2.6 Multilateral 20.5 23.3 7.9 0.2 5.8 4.5 27.0 0.0 Concessional 11.4 13.0 6.5 0.2 0.1 3.0 0.2 0.0 Bilateral 6.5 44.0 16.4 1.6 7.6 17.6 10.5 2.6 Concessional 3.9 44.0 16.4 1.6 7.6 17.6 10.5 2.6 Private creditors 0.0 0.0 3.8 0.0 0.0 0.0 0.0 0.0 of which: Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 3.8 0.0 0.0 0.0 0.0 0.0 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks and other 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 7.0 0.6 0.0 0.0 0.0 0.0 0.0 0.0 IDA 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 PRINCIPAL REPAYMENTS 66.5 63.9 52.1 44.6 38.0 36.8 39.0 42.1 Public and publicly guaranteed 66.5 63.9 52.1 44.6 38.0 36.8 39.0 42.1 Official creditors 48.0 57.7 45.3 42.4 35.8 36.0 36.7 39.8 Multilateral 36.6 48.3 33.2 30.3 25.4 25.5 26.8 29.9 Concessional 2.7 5.9 8.7 8.5 6.9 7.8 8.5 8.2 Bilateral 11.4 9.4 12.1 12.1 10.3 10.5 9.8 9.9 Concessional 3.4 4.6 10.2 11.7 10.3 10.3 9.8 9.9 Private creditors 18.5 6.2 6.9 2.2 2.3 0.8 2.3 2.3 of which: Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.2 4.5 6.2 1.6 1.6 0.2 1.6 1.6 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks and other 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 19.0 23.7 7.4 3.5 3.0 1.7 1.1 1.1 IDA 0.3 0.5 0.5 0.5 0.5 0.5 0.5 0.5 INTEREST PAYMENTS (LINT) 38.6 27.3 15.2 15.2 11.4 10.9 11.4 10.8 Public and publicly guaranteed 38.6 27.3 15.2 15.2 11.4 10.9 11.4 10.8 Official creditors 35.6 24.2 13.9 14.9 11.2 10.7 11.1 10.6 Multilateral 27.8 21.0 11.1 11.3 8.4 7.8 7.4 7.6 Concessional 2.5 1.7 2.6 2.7 2.0 2.0 2.0 1.9 Bilateral 7.8 3.2 2.9 3.6 2.8 2.9 3.7 3.0 Concessional 1.8 1.0 2.4 3.6 2.8 2.9 3.7 3.0 Private creditors 3.0 3.0 1.3 0.3 0.2 0.2 0.2 0.3 of which: Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.1 2.2 0.7 0.0 0.0 0.0 0.0 0.0 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks and other 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 14.2 8.6 1.2 0.5 0.3 0.2 0.1 0.1 IDA 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 73 BOTSWANA (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 6. CURRENCY COMPOSITION OF PUBLIC AND PUBLICLY GUARANTEED DEBT (PERCENT) Euro .. .. .. 6.1 6.9 7.2 6.5 7.7 Japanese yen 4.4 11.1 11.4 17.4 17.9 17.4 16.1 9.6 Pound sterling 10.1 3.8 2.3 5.5 5.5 5.3 4.9 5.6 Swiss franc 0.0 0.1 0.1 0.2 0.2 0.2 0.1 0.0 U.S.dollars 11.9 13.4 18.0 23.8 21.7 19.9 19.3 19.4 7. DEBT RESTRUCTURINGS Total amount rescheduled 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Debt stock rescheduled 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal rescheduled 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Official 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Interest rescheduled 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Official 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Debt forgiven 0.0 0.0 0.0 0.0 0.0 0.0 0.0 27.6 Memo: interest forgiven 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Debt stock reduction 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 of which debt buyback 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 8. DEBT STOCK-FLOW RECONCILIATION Total change in debt stocks 3.1 16.8 -51.5 88.6 25.2 -3.6 -37.4 -64.2 Net flows on debt -39.4 4.0 -28.8 -47.8 -11.6 -21.7 11.5 -50.6 Cross-currency valuation 21.2 0.2 -10.5 11.8 0.3 4.0 -24.3 -4.2 9. AVERAGE TERMS OF NEW COMMITMENTS ALL CREDITORS Interest (%) 6.8 0.0 0.0 0.0 3.2 3.1 1.6 4.7 Maturity (years) 15.2 0.0 0.0 19.3 14.9 20.5 12.0 17.8 Grace period (years) 4.4 0.0 0.0 10.3 5.1 5.0 3.0 5.2 Grant element (%) 18.1 0.0 0.0 74.6 40.8 45.9 41.3 32.5 Official creditors Interest (%) 5.6 0.0 0.0 0.0 3.2 3.1 1.6 4.7 Maturity (years) 17.5 0.0 0.0 19.3 14.9 20.5 12.0 17.8 Grace period (years) 4.5 0.0 0.0 10.3 5.1 5.0 3.0 5.2 Grant element (%) 26.5 0.0 0.0 74.6 40.8 45.9 41.3 32.5 Private creditors Interest (%) 8.9 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Maturity (years) 11.6 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Grace period (years) 4.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Grant element (%) 4.6 0.0 0.0 0.0 0.0 0.0 0.0 0.0 10. CONTRACTUAL OBLIGATIONS ON OUTSTANDING LONG-TERM DEBT 2007 2008 2009 2010 2011 2012 2013 2014 TOTAL Principal 40.9 41.3 37.2 35.0 45.0 33.4 27.6 25.0 Interest 10.2 9.5 8.9 8.3 7.6 6.4 5.5 4.9 Official creditors Principal 37.5 37.9 36.4 34.4 44.5 32.8 27.6 25.0 Interest 9.6 9.1 8.6 8.1 7.5 6.3 5.5 4.9 Bilateral creditors Principal 9.5 11.9 11.6 11.7 21.8 10.7 8.9 8.3 Interest 2.8 2.8 2.6 2.4 2.2 1.6 1.4 1.2 Multilateral creditors Principal 28.0 26.0 24.8 22.7 22.6 22.1 18.7 16.7 Interest 6.8 6.3 6.0 5.7 5.3 4.7 4.1 3.7 Private creditors Principal 3.5 3.5 0.7 0.6 0.6 0.6 0.0 0.0 Interest 0.7 0.4 0.2 0.2 0.1 0.0 0.0 0.0 Notes: 74 BRAZIL (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 1. SUMMARY DEBT DATA TOTAL DEBT STOCKS (EDT) 119,732 160,469 241,552 230,918 234,816 219,499 187,301 194,150 Long-term debt (LDOD) 94,196 129,090 208,811 186,696 181,902 169,203 163,308 173,824 Public and publicly guaranteed 87,525 98,260 96,130 99,148 99,503 96,818 93,803 84,936 Private nonguaranteed 6,671 30,830 112,682 87,547 82,399 72,384 69,505 88,889 Use of IMF credit 1,821 142 1,768 20,827 28,317 25,029 0 0 Short-term debt 23,715 31,238 30,973 23,395 24,597 25,268 23,993 20,325 of which interest arrears on LDOD 8,790 1,546 176 0 3 1 0 2 Official creditors 332 1,185 107 0 2 0 0 0 Private creditors 8,458 361 70 0 1 0 0 2 Memorandum items Principal arrears on LDOD 3,597 3,936 1,821 0 16 19 18 13 Official creditors 789 884 599 0 0 0 0 0 Private creditors 2,808 3,052 1,222 0 16 19 18 13 TOTAL DEBT FLOWS Disbursements 4,087 20,207 44,054 40,547 45,328 26,834 27,409 53,158 Long-term debt 4,087 20,207 44,054 24,654 27,653 26,834 27,409 53,158 IMF purchases 0 0 0 15,893 17,674 0 0 0 Principal repayments 5,896 11,051 47,733 37,056 41,949 38,782 49,358 47,362 Long-term debt 5,131 11,002 41,040 32,409 29,502 34,425 25,548 47,362 IMF repurchases 765 49 6,693 4,646 12,447 4,357 23,810 0 Net flows on debt -1,710 8,797 -1,848 -1,387 4,578 -11,275 -23,223 2,126 of which short-term debt 99 -359 1,831 -4,878 1,199 673 -1,274 -3,670 Interest payments (INT) 2,260 10,522 17,111 14,939 16,327 14,707 13,271 14,783 Long-term debt 2,029 8,719 15,280 13,707 13,890 11,549 10,292 13,148 IMF charges 231 10 336 467 757 1,208 1,079 109 Short-term debt 0 1,792 1,494 765 1,680 1,950 1,900 1,526 Net transfers on debt -3,970 -1,725 -18,958 -16,326 -11,749 -25,981 -36,494 -12,657 Total debt service paid (TDS) 8,156 21,573 64,843 51,995 58,276 53,489 62,629 62,145 Long-term debt 7,160 19,722 56,320 46,116 43,391 45,974 35,840 60,510 IMF repurchases and charges 996 59 7,029 5,114 13,205 5,565 24,888 109 Short-term debt (interest only) 0 1,792 1,494 765 1,680 1,950 1,900 1,526 2. OTHER NET RESOURCE FLOWS (LONG-TERM) Net flow of long-term debt (ex. IMF) -1,044 9,205 3,014 -7,755 -1,848 -7,591 1,861 5,796 Foreign direct investment (net) 989 4,859 32,779 16,590 10,144 18,166 15,193 18,782 Portfolio equity flows 103 2,775 3,076 1,981 2,973 2,081 6,451 7,716 Grants (excluding technical coop.) 41 65 54 72 82 90 112 93 of which: Debt forgiveness grants .. .. 0 0 0 0 0 0 IDA grants .. .. .. 0 0 0 0 0 Memo: technical coop. grants 145 239 187 176 219 201 196 208 Interest on long-term debt 2,029 8,719 15,280 13,707 13,890 11,549 10,292 13,148 Profit remittances on FDI 1,892 2,814 4,238 5,950 5,984 6,860 11,035 13,884 3. MAJOR ECONOMIC AGGREGATES Gross national income (GNI) 449,672 757,886 626,548 488,010 534,438 644,645 845,908 1,037,966 Exports of goods, serv. & inc. (XGS) 36,854 58,989 69,317 74,919 88,888 114,716 140,030 166,598 Worker remit. & comp. of employees 573 3,315 1,649 2,449 2,822 3,575 3,540 4,253 Imports of goods & services (MGS) 40,949 77,855 93,950 83,235 85,559 103,788 127,123 154,393 International reserves (RES) 9,200 51,477 33,008 37,832 49,297 52,935 53,799 85,843 Current account balance -3,823 -18,136 -24,225 -7,637 4,177 11,738 13,985 13,621 4. DEBT INDICATORS EDT / XGS (%) 324.9 272.0 348.5 308.2 264.2 191.3 133.8 116.5 EDT / GNI (%) 26.6 21.2 38.6 47.3 43.9 34.0 22.1 18.7 TDS / XGS (%) 22.1 36.6 93.5 69.4 65.6 46.6 44.7 37.3 INT / XGS (%) 6.1 17.8 24.7 19.9 18.4 12.8 9.5 8.9 INT / GNI (%) 0.5 1.4 2.7 3.1 3.1 2.3 1.6 1.4 RES / EDT (%) 7.7 32.1 13.7 16.4 21.0 24.1 28.7 44.2 RES / MGS (months) 2.7 7.9 4.2 5.5 6.9 6.1 5.1 6.7 Short-term / EDT (%) 19.8 19.5 12.8 10.1 10.5 11.5 12.8 10.5 Concessional / EDT (%) 2.5 3.7 0.9 1.4 1.5 1.7 1.8 1.3 Multilateral / EDT (%) 9.5 5.8 7.6 9.1 8.7 8.9 10.3 11.2 75 BRAZIL (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 5. LONG-TERM DEBT DEBT OUTSTANDING (LDOD) 94,196 129,090 208,811 186,696 181,902 169,203 163,308 173,824 Public and publicly guaranteed 87,525 98,260 96,130 99,148 99,503 96,818 93,803 84,936 Official creditors 29,348 27,837 29,360 31,122 29,778 27,440 25,872 25,303 Multilateral 11,391 9,366 18,240 20,969 20,528 19,431 19,247 21,741 Concessional 16 0 3 3 3 9 96 95 Bilateral 17,956 18,471 11,120 10,152 9,250 8,008 6,625 3,562 Concessional 3,001 5,943 2,114 3,209 3,467 3,701 3,305 2,436 Private creditors 58,177 70,423 66,769 68,027 69,726 69,378 67,931 59,632 of which: Bonds 2,339 54,615 54,096 52,641 58,403 55,348 56,927 47,805 Commercial banks 47,461 12,159 11,484 14,055 10,562 13,215 10,338 11,806 Private nonguaranteed 6,671 30,830 112,682 87,547 82,399 72,384 69,505 88,889 Bonds 0 11,290 16,846 16,476 42,018 38,376 35,969 38,764 Commercial banks and other 6,671 19,540 95,836 71,071 40,381 34,008 33,536 50,125 Memo: IBRD 8,427 6,038 7,377 8,585 8,588 8,668 8,083 9,694 IDA 0 0 0 0 0 0 0 0 Public sector LDOD 86,955 97,392 95,684 98,374 98,219 95,442 92,456 83,735 Private sector LDOD 7,241 31,698 113,127 88,322 83,683 73,761 70,852 90,090 DISBURSEMENTS 4,087 20,207 44,054 24,654 27,653 26,834 27,409 53,158 Public and publicly guaranteed 3,212 8,111 19,639 14,196 12,352 12,730 13,202 11,657 Official creditors 1,322 2,005 5,257 5,247 3,339 2,784 3,325 4,137 Multilateral 1,001 1,257 4,468 3,077 2,344 1,937 2,324 3,753 Concessional 0 0 3 0 0 6 87 13 Bilateral 321 747 790 2,170 995 847 1,001 384 Concessional 86 16 526 814 722 723 497 62 Private creditors 1,890 6,107 14,381 8,948 9,013 9,946 9,877 7,520 of which: Bonds 200 1,661 10,836 4,772 8,000 5,743 8,252 6,312 Commercial banks 864 4,342 3,537 4,123 992 4,175 1,617 1,189 Private nonguaranteed 875 12,096 24,415 10,458 15,301 14,105 14,207 41,500 Bonds 0 4,563 2,886 2,055 5,160 5,199 6,579 9,832 Commercial banks and other 875 7,533 21,529 8,404 10,142 8,905 7,627 31,668 Memo: IBRD 782 838 1,692 1,400 1,291 1,447 773 2,203 IDA 0 0 0 0 0 0 0 0 PRINCIPAL REPAYMENTS 5,131 11,002 41,040 32,409 29,502 34,425 25,548 47,362 Public and publicly guaranteed 4,123 6,522 17,226 15,014 13,870 13,218 9,242 24,448 Official creditors 1,956 3,719 7,048 4,575 5,593 5,440 3,288 4,538 Multilateral 1,518 1,683 4,308 2,153 3,593 3,414 1,757 1,496 Concessional 6 1 0 0 0 0 0 0 Bilateral 439 2,035 2,740 2,422 2,001 2,025 1,531 3,043 Concessional 29 408 224 507 398 454 429 270 Private creditors 2,167 2,804 10,178 10,439 8,276 7,778 5,954 19,910 of which: Bonds 71 919 8,397 2,172 3,815 5,707 4,187 17,801 Commercial banks 1,616 1,051 1,547 7,438 3,959 2,050 1,747 2,088 Private nonguaranteed 1,008 4,480 23,813 17,395 15,632 21,208 16,306 22,914 Bonds 0 2,670 2,775 3,280 1,561 9,671 7,063 5,479 Commercial banks and other 1,008 1,810 21,038 14,116 14,071 11,536 9,243 17,434 Memo: IBRD 1,251 1,377 887 1,063 1,633 1,564 1,029 743 IDA 0 0 0 0 0 0 0 0 INTEREST PAYMENTS (LINT) 2,029 8,719 15,280 13,707 13,890 11,549 10,292 13,148 Public and publicly guaranteed 1,569 6,624 6,926 6,828 6,788 7,055 6,678 7,133 Official creditors 1,273 1,567 1,916 1,620 1,480 1,188 1,048 1,221 Multilateral 966 750 1,400 1,164 1,081 840 801 963 Concessional 1 0 0 0 0 0 1 6 Bilateral 307 817 516 456 400 348 247 257 Concessional 13 247 81 92 96 109 115 125 Private creditors 296 5,056 5,010 5,207 5,307 5,867 5,630 5,913 of which: Bonds 14 4,416 4,212 3,895 4,243 4,870 4,842 4,822 Commercial banks 46 376 759 1,279 1,054 994 785 1,088 Private nonguaranteed 460 2,095 8,355 6,879 7,102 4,494 3,614 6,014 Bonds 0 837 1,562 1,707 1,921 3,046 2,161 3,799 Commercial banks and other 460 1,258 6,793 5,172 5,182 1,448 1,453 2,216 Memo: IBRD 725 491 464 459 377 287 307 432 IDA 0 0 0 0 0 0 0 0 76 BRAZIL (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 6. CURRENCY COMPOSITION OF PUBLIC AND PUBLICLY GUARANTEED DEBT (PERCENT) Euro .. .. .. 13.2 11.7 12.9 9.4 10.3 Japanese yen 7.4 8.7 7.4 8.5 6.7 6.9 6.1 5.4 Pound sterling 1.8 1.8 1.0 0.6 0.5 0.4 0.2 0.3 Swiss franc 1.0 0.3 0.3 0.2 0.2 0.1 0.1 0.0 U.S.dollars 60.5 68.3 70.4 71.9 75.3 74.3 79.3 79.2 7. DEBT RESTRUCTURINGS Total amount rescheduled 1,316 234 0 0 0 86 4,271 0 Debt stock rescheduled 0 0 0 0 0 0 4,271 0 Principal rescheduled 1,064 0 0 0 0 17 6 0 Official 212 0 0 0 0 0 3 0 Private 852 0 0 0 0 17 3 0 Interest rescheduled 274 0 0 0 0 0 0 0 Official 69 0 0 0 0 0 0 0 Private 205 0 0 0 0 0 0 0 Debt forgiven 0 0 0 0 0 0 0 0 Memo: interest forgiven 0 0 0 0 0 0 0 0 Debt stock reduction 1,259 0 6,479 0 0 0 0 0 of which debt buyback 776 0 6,342 0 0 0 0 0 8. DEBT STOCK-FLOW RECONCILIATION Total change in debt stocks 5,375 8,075 -2,555 1,899 3,898 -15,317 -32,198 6,849 Net flows on debt -1,710 8,797 -1,848 -1,387 4,578 -11,275 -23,223 2,126 Cross-currency valuation 2,995 660 -2,445 5,006 6,528 2,675 -3,921 1,211 9. AVERAGE TERMS OF NEW COMMITMENTS ALL CREDITORS Interest (%) 8.2 7.2 8.5 7.5 7.1 6.3 7.5 6.5 Maturity (years) 11.8 7.8 13.1 12.6 10.1 13.5 15.6 15.7 Grace period (years) 3.7 2.9 9.7 6.3 7.8 9.9 11.3 13.0 Grant element (%) 8.9 9.9 2.3 15.6 12.9 17.2 15.1 21.9 Official creditors Interest (%) 7.4 5.9 5.7 3.9 2.3 2.9 4.5 4.9 Maturity (years) 15.2 19.9 8.6 18.4 11.7 16.5 18.5 17.3 Grace period (years) 4.1 4.9 1.2 5.0 4.3 3.6 4.3 4.5 Grant element (%) 14.9 25.6 13.8 37.9 38.8 39.1 34.0 31.0 Private creditors Interest (%) 9.0 7.7 9.9 10.3 7.9 7.2 8.7 6.9 Maturity (years) 8.0 3.3 15.4 8.1 9.9 12.8 14.5 15.3 Grace period (years) 3.2 2.1 14.2 7.4 8.3 11.5 14.0 15.2 Grant element (%) 2.5 4.1 -3.7 -1.9 8.6 11.5 7.8 19.4 10. CONTRACTUAL OBLIGATIONS ON OUTSTANDING LONG-TERM DEBT 2007 2008 2009 2010 2011 2012 2013 2014 TOTAL Principal 29,438 24,980 12,894 14,008 12,372 8,629 9,546 6,248 Interest 12,423 10,630 9,437 8,633 7,912 7,006 6,622 5,784 Official creditors Principal 2,634 2,461 2,483 2,752 2,786 2,777 2,291 1,824 Interest 1,328 1,253 1,160 1,051 925 789 655 551 Bilateral creditors Principal 562 449 494 586 430 514 351 295 Interest 183 174 158 134 110 86 62 46 Multilateral creditors Principal 2,072 2,011 1,989 2,166 2,355 2,263 1,939 1,529 Interest 1,145 1,079 1,002 917 815 703 592 505 Private creditors Principal 26,804 22,519 10,410 11,255 9,586 5,852 7,255 4,424 Interest 11,095 9,377 8,277 7,582 6,986 6,217 5,967 5,233 Notes: Short-term debt is based on reports provided by the country. Revised data in 2004 were provided by the country. 77 BULGARIA (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 1. SUMMARY DEBT DATA TOTAL DEBT STOCKS (EDT) 10,890 10,379 11,212 11,479 13,352 15,641 15,700 20,925 Long-term debt (LDOD) 9,834 9,150 8,440 8,591 9,502 11,221 10,597 12,544 Public and publicly guaranteed 9,834 8,808 7,671 7,480 7,676 7,414 5,075 5,001 Private nonguaranteed 0 342 769 1,111 1,826 3,807 5,522 7,543 Use of IMF credit 0 717 1,322 1,049 1,188 1,183 660 341 Short-term debt 1,056 512 1,450 1,839 2,663 3,237 4,442 8,040 of which interest arrears on LDOD 226 74 0 0 0 0 0 0 Official creditors 5 5 0 0 0 0 0 0 Private creditors 221 68 0 0 0 0 0 0 Memorandum items Principal arrears on LDOD 356 227 1 0 0 0 0 0 Official creditors 1 25 0 0 0 0 0 0 Private creditors 354 201 1 0 0 0 0 0 TOTAL DEBT FLOWS Disbursements 875 259 995 983 1,042 3,054 3,710 3,562 Long-term debt 875 259 719 874 896 2,977 3,710 3,562 IMF purchases 0 0 276 109 145 77 0 0 Principal repayments 865 565 712 1,006 634 1,806 3,352 2,000 Long-term debt 865 319 573 753 527 1,674 2,909 1,654 IMF repurchases 0 246 139 253 107 132 443 346 Net flows on debt -14 -194 465 598 1,008 1,823 1,564 5,160 of which short-term debt -24 113 183 620 636 574 1,206 3,598 Interest payments (INT) 510 575 584 391 484 543 613 743 Long-term debt 452 501 456 306 395 424 445 489 IMF charges 0 50 63 31 20 31 37 24 Short-term debt 58 24 65 53 69 89 130 230 Net transfers on debt -523 -769 -119 207 524 1,279 951 4,417 Total debt service paid (TDS) 1,374 1,140 1,296 1,396 1,118 2,350 3,965 2,743 Long-term debt 1,316 820 1,029 1,059 922 2,097 3,354 2,143 IMF repurchases and charges 0 296 202 284 127 163 481 370 Short-term debt (interest only) 58 24 65 53 69 89 130 230 2. OTHER NET RESOURCE FLOWS (LONG-TERM) Net flow of long-term debt (ex. IMF) 11 -61 145 121 369 1,303 801 1,908 Foreign direct investment (net) 4 90 1,002 905 2,097 2,662 4,252 5,172 Portfolio equity flows 0 0 5 -23 -23 22 363 95 Grants (excluding technical coop.) 3 22 130 161 211 393 0 0 of which: Debt forgiveness grants .. .. 0 0 0 0 0 0 IDA grants .. .. .. 0 0 0 0 0 Memo: technical coop. grants 1 91 150 138 182 202 0 0 Interest on long-term debt 452 501 456 306 395 424 445 489 Profit remittances on FDI 0 0 107 228 551 755 813 984 3. MAJOR ECONOMIC AGGREGATES Gross national income (GNI) 19,083 12,681 12,281 15,981 20,311 24,951 27,368 31,469 Exports of goods, serv. & inc. (XGS) 7,070 6,926 7,321 8,982 12,022 15,936 18,136 22,118 Worker remit. & comp. of employees 0 0 58 1,177 1,718 1,723 1,613 1,695 Imports of goods & services (MGS) 8,905 7,084 8,314 9,348 13,058 18,093 21,931 27,541 International reserves (RES) .. 1,635 3,507 4,846 6,826 9,337 8,697 11,756 Current account balance -1,710 -26 -703 -319 -1,022 -1,671 -3,244 -5,010 4. DEBT INDICATORS EDT / XGS (%) 154.0 149.9 153.2 127.8 111.1 98.1 86.6 94.6 EDT / GNI (%) 57.1 81.8 91.3 71.8 65.7 62.7 57.4 66.5 TDS / XGS (%) 19.4 16.5 17.7 15.5 9.3 14.7 21.9 12.4 INT / XGS (%) 7.2 8.3 8.0 4.3 4.0 3.4 3.4 3.4 INT / GNI (%) 2.7 4.5 4.8 2.4 2.4 2.2 2.2 2.4 RES / EDT (%) .. 15.8 31.3 42.2 51.1 59.7 55.4 56.2 RES / MGS (months) .. 2.8 5.1 6.2 6.3 6.2 4.8 5.1 Short-term / EDT (%) 9.7 4.9 12.9 16.0 19.9 20.7 28.3 38.4 Concessional / EDT (%) 0.7 1.8 3.4 2.9 3.3 3.0 3.1 2.6 Multilateral / EDT (%) 2.0 11.9 13.8 15.8 16.9 16.8 15.7 11.1 78 BULGARIA (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 5. LONG-TERM DEBT DEBT OUTSTANDING (LDOD) 9,834 9,150 8,440 8,591 9,502 11,221 10,597 12,544 Public and publicly guaranteed 9,834 8,808 7,671 7,480 7,676 7,414 5,075 5,001 Official creditors 1,669 2,950 2,603 2,467 2,937 3,286 3,045 2,948 Multilateral 222 1,230 1,542 1,808 2,261 2,634 2,457 2,328 Concessional 0 0 6 32 83 99 119 121 Bilateral 1,447 1,720 1,061 659 676 652 587 620 Concessional 77 186 370 305 352 376 361 421 Private creditors 8,165 5,857 5,068 5,012 4,739 4,127 2,030 2,053 of which: Bonds 327 5,412 4,982 4,898 4,586 3,945 1,920 1,937 Commercial banks 7,084 394 26 49 78 105 111 115 Private nonguaranteed 0 342 769 1,111 1,826 3,807 5,522 7,543 Bonds 0 0 0 0 58 315 526 736 Commercial banks and other 0 342 769 1,111 1,768 3,492 4,996 6,807 Memo: IBRD 0 444 824 958 1,266 1,498 1,453 1,331 IDA 0 0 0 0 0 0 0 0 Public sector LDOD 9,834 8,808 7,671 7,480 7,676 7,414 5,075 5,001 Private sector LDOD 0 342 769 1,111 1,826 3,807 5,522 7,543 DISBURSEMENTS 875 259 719 874 896 2,977 3,710 3,562 Public and publicly guaranteed 875 259 405 145 342 435 402 207 Official creditors 80 129 381 127 317 400 383 191 Multilateral 44 38 156 99 292 373 328 98 Concessional 0 0 1 22 43 10 35 1 Bilateral 36 91 225 28 26 27 55 93 Concessional 0 32 225 28 26 27 55 93 Private creditors 795 129 24 19 25 35 19 16 of which: Bonds 65 33 0 0 0 0 0 0 Commercial banks 652 96 24 19 25 35 19 15 Private nonguaranteed 0 0 313 729 554 2,542 3,308 3,355 Bonds 0 0 0 0 52 253 249 215 Commercial banks and other 0 0 313 729 502 2,289 3,059 3,140 Memo: IBRD 0 15 71 39 185 204 200 38 IDA 0 0 0 0 0 0 0 0 PRINCIPAL REPAYMENTS 865 319 573 753 527 1,674 2,909 1,654 Public and publicly guaranteed 865 319 345 320 315 981 1,761 524 Official creditors 23 92 297 236 243 273 255 511 Multilateral 22 25 58 80 144 179 214 438 Concessional 0 0 0 0 0 1 1 11 Bilateral 1 67 239 156 99 93 41 73 Concessional 0 0 50 17 20 17 25 29 Private creditors 842 228 48 84 71 708 1,507 13 of which: Bonds 0 39 46 79 67 696 1,496 0 Commercial banks 241 182 1 1 1 9 11 13 Private nonguaranteed 0 0 229 433 212 693 1,147 1,130 Bonds 0 0 0 0 0 0 10 49 Commercial banks and other 0 0 229 433 212 693 1,137 1,081 Memo: IBRD 0 0 27 37 50 80 85 276 IDA 0 0 0 0 0 0 0 0 INTEREST PAYMENTS (LINT) 452 501 456 306 395 424 445 489 Public and publicly guaranteed 452 501 424 263 349 351 327 352 Official creditors 14 178 139 102 100 94 93 100 Multilateral 13 61 81 76 79 75 75 81 Concessional 0 0 0 1 2 2 3 3 Bilateral 0 118 58 26 21 19 18 19 Concessional 0 4 10 7 8 9 9 10 Private creditors 438 323 285 161 249 256 234 252 of which: Bonds 15 315 284 159 246 253 229 245 Commercial banks 337 7 0 2 2 4 5 7 Private nonguaranteed 0 0 32 43 46 73 118 137 Bonds 0 0 0 0 4 5 30 44 Commercial banks and other 0 0 32 43 42 68 88 93 Memo: IBRD 0 31 49 41 42 41 40 44 IDA 0 0 0 0 0 0 0 0 79 BULGARIA (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 6. CURRENCY COMPOSITION OF PUBLIC AND PUBLICLY GUARANTEED DEBT (PERCENT) Euro .. .. .. 30.4 30.2 39.5 48.4 50.1 Japanese yen 6.6 9.0 5.5 3.9 3.8 3.5 5.1 6.6 Pound sterling 0.3 0.2 0.1 0.0 0.0 0.0 0.0 0.0 Swiss franc 7.7 1.1 0.3 0.1 0.0 0.0 0.0 0.0 U.S.dollars 42.1 66.1 80.1 64.3 64.8 55.8 44.9 42.2 7. DEBT RESTRUCTURINGS Total amount rescheduled 0 84 0 0 0 0 0 0 Debt stock rescheduled 0 0 0 0 0 0 0 0 Principal rescheduled 0 38 0 0 0 0 0 0 Official 0 33 0 0 0 0 0 0 Private 0 5 0 0 0 0 0 0 Interest rescheduled 0 10 0 0 0 0 0 0 Official 0 9 0 0 0 0 0 0 Private 0 1 0 0 0 0 0 0 Debt forgiven 0 0 10 7 5 0 72 14 Memo: interest forgiven 0 0 0 0 0 0 0 0 Debt stock reduction 0 0 1 0 0 0 0 0 of which debt buyback 0 0 0 0 0 0 0 0 8. DEBT STOCK-FLOW RECONCILIATION Total change in debt stocks 753 550 192 982 1,873 2,289 59 5,225 Net flows on debt -14 -194 465 598 1,008 1,823 1,564 5,160 Cross-currency valuation 617 107 -215 356 635 220 -488 280 9. AVERAGE TERMS OF NEW COMMITMENTS ALL CREDITORS Interest (%) 9.1 5.5 6.5 3.3 3.1 2.8 2.8 3.8 Maturity (years) 3.5 15.3 15.6 24.5 15.9 15.3 16.2 15.9 Grace period (years) 2.4 5.0 4.5 3.7 5.0 4.8 4.7 2.5 Grant element (%) 2.3 24.5 20.1 46.7 41.9 42.8 43.0 33.8 Official creditors Interest (%) 9.3 5.9 6.2 3.3 3.1 2.8 2.8 3.7 Maturity (years) 7.2 17.3 15.5 24.5 15.9 15.3 16.2 15.9 Grace period (years) 3.0 5.4 4.4 3.7 5.0 4.8 4.7 2.5 Grant element (%) 2.8 25.0 21.6 46.7 41.9 42.8 43.0 34.0 Private creditors Interest (%) 9.1 3.4 7.6 0.0 0.0 0.0 0.0 5.0 Maturity (years) 3.2 4.7 16.0 0.0 0.0 0.0 0.0 10.0 Grace period (years) 2.3 3.2 4.9 0.0 0.0 0.0 0.0 0.5 Grant element (%) 2.3 21.7 13.2 0.0 0.0 0.0 0.0 18.1 10. CONTRACTUAL OBLIGATIONS ON OUTSTANDING LONG-TERM DEBT 2007 2008 2009 2010 2011 2012 2013 2014 TOTAL Principal 1,459 2,044 2,281 1,058 1,139 552 1,664 457 Interest 414 338 295 269 251 529 496 372 Official creditors Principal 389 387 320 229 219 215 225 226 Interest 141 124 107 94 84 75 65 55 Bilateral creditors Principal 100 100 121 52 44 44 44 44 Interest 25 21 17 13 12 11 10 9 Multilateral creditors Principal 289 288 199 177 175 171 180 182 Interest 116 103 90 80 72 64 55 46 Private creditors Principal 1,070 1,657 1,961 829 920 337 1,440 231 Interest 273 214 188 175 167 454 431 317 Notes: Short-term debt data have been revised from 1996 based on data from Bulgaria National Bank. Rescheduling: Data include the effects of the exchange of Brady Bonds for Global Bonds in 2002. 80 BURKINA FASO (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 1. SUMMARY DEBT DATA TOTAL DEBT STOCKS (EDT) 832 1,271 1,422 1,546 1,735 2,045 2,042 1,142 Long-term debt (LDOD) 748 1,140 1,226 1,407 1,596 1,901 1,917 1,022 Public and publicly guaranteed 748 1,140 1,226 1,407 1,596 1,901 1,917 1,022 Private nonguaranteed 0 0 0 0 0 0 0 0 Use of IMF credit 0 75 112 126 125 115 104 35 Short-term debt 84 56 84 13 14 29 21 85 of which interest arrears on LDOD 21 12 5 4 0 0 0 0 Official creditors 14 11 4 2 0 0 0 0 Private creditors 7 1 1 2 0 0 0 0 Memorandum items Principal arrears on LDOD 64 37 42 37 34 71 75 79 Official creditors 34 34 38 37 34 71 75 79 Private creditors 30 3 3 0 0 0 0 0 TOTAL DEBT FLOWS Disbursements 77 139 99 148 127 256 219 202 Long-term debt 77 112 91 133 122 250 204 183 IMF purchases 0 27 7 14 5 5 15 19 Principal repayments 19 28 33 27 31 35 29 35 Long-term debt 18 28 26 19 27 32 25 35 IMF repurchases 1 0 7 8 3 3 4 0 Net flows on debt 68 124 47 71 101 236 183 232 of which short-term debt 10 14 -19 -50 5 15 -8 64 Interest payments (INT) 16 20 14 17 16 17 17 17 Long-term debt 10 18 12 14 15 16 16 15 IMF charges 0 0 1 1 1 1 0 0 Short-term debt 6 2 1 2 0 1 1 2 Net transfers on debt 52 104 33 54 85 219 165 215 Total debt service paid (TDS) 34 48 47 44 47 52 46 52 Long-term debt 28 46 38 33 42 48 41 50 IMF repurchases and charges 1 0 7 9 4 3 4 0 Short-term debt (interest only) 6 2 1 2 0 1 1 2 2. OTHER NET RESOURCE FLOWS (LONG-TERM) Net flow of long-term debt (ex. IMF) 59 83 65 114 95 218 179 149 Foreign direct investment (net) 0 10 23 15 29 14 19 26 Portfolio equity flows 0 0 -3 0 0 0 0 0 Grants (excluding technical coop.) 158 242 375 242 331 389 414 1,576 of which: Debt forgiveness grants .. .. 25 33 34 38 26 1,125 IDA grants .. .. .. 0 53 1 22 36 Memo: technical coop. grants 112 123 76 79 104 106 99 129 Interest on long-term debt 10 18 12 14 15 16 16 15 Profit remittances on FDI 6 0 3 0 0 0 0 0 3. MAJOR ECONOMIC AGGREGATES Gross national income (GNI) 3,094 2,369 2,606 3,288 4,269 5,102 5,595 6,159 Exports of goods, serv. & inc. (XGS) 506 .. 313 .. .. .. .. .. Worker remit. & comp. of employees 140 80 67 50 50 50 50 50 Imports of goods & services (MGS) 776 .. 691 .. .. .. .. .. International reserves (RES) 305 347 244 313 752 669 438 555 Current account balance -77 .. -319 .. .. .. .. .. 4. DEBT INDICATORS EDT / XGS (%) 164.3 .. 454.3 .. .. .. .. .. EDT / GNI (%) 26.9 53.6 54.6 47.0 40.6 40.1 36.5 18.5 TDS / XGS (%) 6.8 .. 14.9 .. .. .. .. .. INT / XGS (%) 3.1 .. 4.4 .. .. .. .. .. INT / GNI (%) 0.5 0.8 0.5 0.5 0.4 0.3 0.3 0.3 RES / EDT (%) 36.6 27.3 17.1 20.3 43.4 32.7 21.5 48.6 RES / MGS (months) 4.7 .. 4.2 .. .. .. .. .. Short-term / EDT (%) 10.1 4.4 5.9 0.8 0.8 1.4 1.0 7.5 Concessional / EDT (%) 71.6 79.0 82.3 87.3 89.3 91.6 93.1 87.8 Multilateral / EDT (%) 67.7 77.2 72.0 81.2 83.5 82.6 83.7 68.3 81 BURKINA FASO (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 5. LONG-TERM DEBT DEBT OUTSTANDING (LDOD) 748 1,140 1,226 1,407 1,596 1,901 1,917 1,022 Public and publicly guaranteed 748 1,140 1,226 1,407 1,596 1,901 1,917 1,022 Official creditors 710 1,135 1,222 1,407 1,596 1,901 1,917 1,022 Multilateral 563 981 1,024 1,256 1,449 1,689 1,709 780 Concessional 458 912 989 1,222 1,417 1,664 1,695 766 Bilateral 147 154 198 151 147 212 208 242 Concessional 138 92 182 128 132 209 205 237 Private creditors 38 5 3 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 1 0 0 0 0 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 Commercial banks and other 0 0 0 0 0 0 0 0 Memo: IBRD 0 0 0 0 0 0 0 0 IDA 282 608 593 745 861 1,027 1,043 361 Public sector LDOD 747 1,140 1,226 1,407 1,596 1,901 1,917 1,022 Private sector LDOD 1 0 0 0 0 0 0 0 DISBURSEMENTS 77 112 91 133 122 250 204 183 Public and publicly guaranteed 77 112 91 133 122 250 204 183 Official creditors 77 112 91 133 122 250 204 183 Multilateral 43 106 76 126 109 204 192 146 Concessional 33 104 74 123 108 200 191 145 Bilateral 34 6 16 7 13 46 13 38 Concessional 34 6 16 7 13 46 13 34 Private creditors 0 0 0 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 Commercial banks and other 0 0 0 0 0 0 0 0 Memo: IBRD 0 0 0 0 0 0 0 0 IDA 15 85 38 68 55 132 107 36 PRINCIPAL REPAYMENTS 18 28 26 19 27 32 25 35 Public and publicly guaranteed 18 28 26 19 27 32 25 35 Official creditors 18 28 26 19 27 32 25 35 Multilateral 13 24 20 16 19 24 17 26 Concessional 10 16 15 12 17 20 14 24 Bilateral 4 4 6 4 8 8 8 9 Concessional 3 3 5 3 7 6 7 8 Private creditors 0 0 0 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 Commercial banks and other 0 0 0 0 0 0 0 0 Memo: IBRD 0 0 0 0 0 0 0 0 IDA 1 4 1 2 3 4 5 7 INTEREST PAYMENTS (LINT) 10 18 12 14 15 16 16 15 Public and publicly guaranteed 10 18 12 14 15 16 16 15 Official creditors 10 18 12 14 15 16 16 15 Multilateral 7 11 9 12 12 13 14 13 Concessional 4 7 8 11 11 12 14 12 Bilateral 3 6 2 2 3 3 2 3 Concessional 3 1 2 2 3 3 2 2 Private creditors 0 0 0 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 Commercial banks and other 0 0 0 0 0 0 0 0 Memo: IBRD 0 0 0 0 0 0 0 0 IDA 2 4 4 4 5 7 8 5 82 BURKINA FASO (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 6. CURRENCY COMPOSITION OF PUBLIC AND PUBLICLY GUARANTEED DEBT (PERCENT) Euro .. .. .. 3.7 3.3 2.5 1.9 5.2 Japanese yen 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Pound sterling 0.5 0.3 0.1 0.0 0.0 0.0 0.0 0.0 Swiss franc 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 U.S.dollars 39.1 55.5 59.4 59.5 59.7 57.6 55.4 32.2 7. DEBT RESTRUCTURINGS Total amount rescheduled 0 0 17 23 0 119 0 0 Debt stock rescheduled 0 0 12 23 0 112 0 0 Principal rescheduled 0 0 0 0 0 0 0 0 Official 0 0 0 0 0 0 0 0 Private 0 0 0 0 0 0 0 0 Interest rescheduled 0 0 1 0 0 0 0 0 Official 0 0 1 0 0 0 0 0 Private 0 0 0 0 0 0 0 0 Debt forgiven 5 15 4 19 17 17 29 7 Memo: interest forgiven 0 0 5 2 3 2 2 2 Debt stock reduction 0 0 161 47 12 0 0 1,190 of which debt buyback 0 0 92 0 0 0 0 0 8. DEBT STOCK-FLOW RECONCILIATION Total change in debt stocks 115 139 -161 53 189 310 -3 -900 Net flows on debt 68 124 47 71 101 236 183 232 Cross-currency valuation 25 -20 -229 84 97 50 -119 -796 9. AVERAGE TERMS OF NEW COMMITMENTS ALL CREDITORS Interest (%) 2.5 0.8 1.4 1.4 0.8 0.8 1.3 0.8 Maturity (years) 27.6 39.9 37.1 33.6 43.5 36.2 33.4 40.8 Grace period (years) 8.7 10.4 7.8 8.1 9.9 8.6 8.1 10.0 Grant element (%) 59.1 80.8 70.2 69.6 79.8 73.7 69.5 80.1 Official creditors Interest (%) 2.5 0.8 1.4 1.4 0.8 0.8 0.9 0.8 Maturity (years) 27.6 39.9 37.1 33.6 43.5 36.2 35.9 40.8 Grace period (years) 8.7 10.4 7.8 8.1 9.9 8.6 8.8 10.0 Grant element (%) 59.1 80.8 70.2 69.6 79.8 73.7 74.6 80.1 Private creditors Interest (%) 0.0 0.0 0.0 0.0 0.0 0.0 4.2 0.0 Maturity (years) 0.0 0.0 0.0 0.0 0.0 0.0 11.2 0.0 Grace period (years) 0.0 0.0 0.0 0.0 0.0 0.0 1.7 0.0 Grant element (%) 0.0 0.0 0.0 0.0 0.0 0.0 24.8 0.0 10. CONTRACTUAL OBLIGATIONS ON OUTSTANDING LONG-TERM DEBT 2007 2008 2009 2010 2011 2012 2013 2014 TOTAL Principal 40 43 46 47 47 48 51 53 Interest 14 15 15 15 15 14 14 13 Official creditors Principal 37 40 44 44 44 45 48 51 Interest 14 14 14 14 14 14 13 13 Bilateral creditors Principal 17 17 19 18 14 12 12 12 Interest 3 3 3 2 2 2 2 2 Multilateral creditors Principal 20 23 25 26 31 33 37 39 Interest 11 11 12 12 12 12 11 11 Private creditors Principal 3 3 3 3 3 3 3 3 Interest 0 1 1 1 1 1 0 0 Notes: Burkina Faso was granted debt relief effective in 2006 under the Multilateral Debt Relief Initiative. 83 BURUNDI (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 1. SUMMARY DEBT DATA TOTAL DEBT STOCKS (EDT) 907 1,162 1,108 1,214 1,328 1,390 1,322 1,411 Long-term debt (LDOD) 851 1,099 1,036 1,104 1,252 1,327 1,230 1,291 Public and publicly guaranteed 851 1,099 1,036 1,104 1,252 1,327 1,230 1,291 Private nonguaranteed 0 0 0 0 0 0 0 0 Use of IMF credit 43 48 7 13 29 41 58 83 Short-term debt 13 15 65 96 48 23 34 38 of which interest arrears on LDOD 0 2 20 36 48 20 33 37 Official creditors 0 2 20 36 48 20 33 37 Private creditors 0 0 0 0 0 0 0 0 Memorandum items Principal arrears on LDOD 0 3 82 96 114 67 72 73 Official creditors 0 3 81 96 114 66 71 72 Private creditors 0 0 1 0 0 1 1 1 TOTAL DEBT FLOWS Disbursements 96 45 41 55 73 86 63 72 Long-term debt 96 45 41 43 60 47 42 51 IMF purchases 0 0 0 12 13 39 21 21 Principal repayments 28 27 14 17 21 71 27 30 Long-term debt 28 18 9 14 21 43 27 30 IMF repurchases 1 9 5 3 0 29 0 0 Net flows on debt 65 26 18 38 -8 17 34 42 of which short-term debt -3 8 -9 -1 -60 3 -2 0 Interest payments (INT) 14 12 8 7 8 17 12 10 Long-term debt 12 11 4 5 7 16 12 9 IMF charges 0 0 0 0 0 0 0 0 Short-term debt 2 1 3 2 1 0 0 0 Net transfers on debt 51 14 10 31 -16 1 22 33 Total debt service paid (TDS) 42 39 22 23 29 88 39 40 Long-term debt 40 29 14 19 28 59 39 39 IMF repurchases and charges 1 9 5 3 0 29 0 0 Short-term debt (interest only) 2 1 3 2 1 0 0 0 2. OTHER NET RESOURCE FLOWS (LONG-TERM) Net flow of long-term debt (ex. IMF) 68 27 32 29 39 4 15 21 Foreign direct investment (net) 1 2 12 0 0 0 1 0 Portfolio equity flows 0 0 0 0 0 0 0 0 Grants (excluding technical coop.) 135 229 59 128 172 260 288 328 of which: Debt forgiveness grants .. .. 4 4 3 7 14 4 IDA grants .. .. .. 0 1 14 23 68 Memo: technical coop. grants 60 44 15 24 31 28 40 51 Interest on long-term debt 12 11 4 5 7 16 12 9 Profit remittances on FDI 3 3 0 0 5 6 2 3 3. MAJOR ECONOMIC AGGREGATES Gross national income (GNI) 1,117 988 723 614 577 646 776 870 Exports of goods, serv. & inc. (XGS) 98 140 55 39 46 65 95 98 Worker remit. & comp. of employees 0 0 0 0 0 0 0 0 Imports of goods & services (MGS) 341 282 165 160 194 252 345 461 International reserves (RES) 112 216 38 59 67 66 101 131 Current account balance -69 10 -50 -3 -24 -33 -11 -135 4. DEBT INDICATORS EDT / XGS (%) 928.7 831.6 1,999.7 3,082.0 2,880.8 2,140.2 1,393.4 1,442.7 EDT / GNI (%) 81.2 117.6 153.2 197.5 230.1 215.1 170.3 162.2 TDS / XGS (%) 43.4 27.6 39.4 59.2 63.5 135.3 41.5 40.4 INT / XGS (%) 14.4 8.5 14.2 17.3 17.1 25.6 12.9 10.0 INT / GNI (%) 1.3 1.2 1.1 1.1 1.4 2.6 1.6 1.1 RES / EDT (%) 12.3 18.6 3.4 4.9 5.1 4.8 7.6 9.3 RES / MGS (months) 3.9 9.2 2.7 4.4 4.2 3.1 3.5 3.4 Short-term / EDT (%) 1.5 1.3 5.9 7.9 3.6 1.6 2.6 2.7 Concessional / EDT (%) 85.9 90.5 91.0 88.2 90.9 92.9 91.3 90.0 Multilateral / EDT (%) 72.7 80.1 80.4 78.9 81.4 81.8 80.3 79.6 84 BURUNDI (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 5. LONG-TERM DEBT DEBT OUTSTANDING (LDOD) 851 1,099 1,036 1,104 1,252 1,327 1,230 1,291 Public and publicly guaranteed 851 1,099 1,036 1,104 1,252 1,327 1,230 1,291 Official creditors 842 1,098 1,032 1,101 1,241 1,320 1,227 1,290 Multilateral 660 930 890 958 1,081 1,137 1,062 1,123 Concessional 597 884 866 932 1,051 1,112 1,045 1,107 Bilateral 182 167 142 143 160 183 166 167 Concessional 182 167 142 139 156 179 162 163 Private creditors 9 2 4 4 11 7 2 1 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 1 0 0 0 0 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 Commercial banks and other 0 0 0 0 0 0 0 0 Memo: IBRD 0 0 0 0 0 0 0 0 IDA 398 591 600 648 732 793 751 797 Public sector LDOD 849 1,099 1,036 1,104 1,252 1,327 1,230 1,291 Private sector LDOD 2 0 0 0 0 0 0 0 DISBURSEMENTS 96 45 41 43 60 47 42 51 Public and publicly guaranteed 96 45 41 43 60 47 42 51 Official creditors 93 45 38 43 49 47 42 49 Multilateral 64 41 38 39 49 47 42 49 Concessional 60 40 38 39 49 47 42 49 Bilateral 30 4 0 4 0 0 0 0 Concessional 30 4 0 0 0 0 0 0 Private creditors 2 0 3 0 11 0 0 2 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 Commercial banks and other 0 0 0 0 0 0 0 0 Memo: IBRD 0 0 0 0 0 0 0 0 IDA 49 27 36 36 41 43 27 29 PRINCIPAL REPAYMENTS 28 18 9 14 21 43 27 30 Public and publicly guaranteed 28 18 9 14 21 43 27 30 Official creditors 19 17 9 12 18 38 23 26 Multilateral 11 12 9 12 17 38 22 26 Concessional 6 8 9 12 17 31 18 25 Bilateral 8 5 0 0 0 0 0 0 Concessional 8 5 0 0 0 0 0 0 Private creditors 8 1 0 2 4 5 5 4 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 5 0 0 0 0 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 Commercial banks and other 0 0 0 0 0 0 0 0 Memo: IBRD 0 0 0 0 0 0 0 0 IDA 1 3 9 11 14 14 9 16 INTEREST PAYMENTS (LINT) 12 11 4 5 7 16 12 9 Public and publicly guaranteed 12 11 4 5 7 16 12 9 Official creditors 11 11 4 5 7 16 12 9 Multilateral 9 9 4 5 7 15 12 9 Concessional 5 6 4 5 6 14 8 9 Bilateral 2 2 0 0 0 1 0 1 Concessional 2 2 0 0 0 1 0 1 Private creditors 1 0 0 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 1 0 0 0 0 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 Commercial banks and other 0 0 0 0 0 0 0 0 Memo: IBRD 0 0 0 0 0 0 0 0 IDA 3 5 4 4 5 6 4 6 85 BURUNDI (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 6. CURRENCY COMPOSITION OF PUBLIC AND PUBLICLY GUARANTEED DEBT (PERCENT) Euro .. .. .. 9.3 9.8 12.0 11.1 11.4 Japanese yen 2.0 2.9 2.8 2.5 2.5 1.5 1.4 0.7 Pound sterling 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Swiss franc 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 U.S.dollars 50.3 55.1 59.4 60.3 60.4 60.9 61.8 61.4 7. DEBT RESTRUCTURINGS Total amount rescheduled 0 0 0 0 0 54 0 0 Debt stock rescheduled 0 0 0 0 0 0 0 0 Principal rescheduled 0 0 0 0 0 33 0 0 Official 0 0 0 0 0 33 0 0 Private 0 0 0 0 0 0 0 0 Interest rescheduled 0 0 0 0 0 19 0 0 Official 0 0 0 0 0 19 0 0 Private 0 0 0 0 0 0 0 0 Debt forgiven 105 16 0 0 0 1 9 8 Memo: interest forgiven 1 1 0 0 0 0 2 0 Debt stock reduction 0 0 0 0 0 0 0 0 of which debt buyback 0 0 0 0 0 0 0 0 8. DEBT STOCK-FLOW RECONCILIATION Total change in debt stocks 18 35 -27 137 114 62 -69 89 Net flows on debt 65 26 18 38 -8 17 34 42 Cross-currency valuation 26 -30 -38 61 77 45 -93 39 9. AVERAGE TERMS OF NEW COMMITMENTS ALL CREDITORS Interest (%) 0.9 0.8 1.8 0.8 0.0 0.8 0.8 0.0 Maturity (years) 40.4 38.0 34.2 39.8 0.0 40.3 47.8 38.3 Grace period (years) 10.3 9.9 8.8 10.3 0.0 10.5 10.2 1.8 Grant element (%) 79.1 78.4 68.5 80.6 0.0 80.9 82.6 75.8 Official creditors Interest (%) 0.9 0.8 1.8 0.8 0.0 0.8 0.8 0.0 Maturity (years) 40.4 38.0 34.2 39.8 0.0 40.3 47.8 38.3 Grace period (years) 10.3 9.9 8.8 10.3 0.0 10.5 10.2 1.8 Grant element (%) 79.1 78.4 68.5 80.6 0.0 80.9 82.6 75.8 Private creditors Interest (%) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Maturity (years) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Grace period (years) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Grant element (%) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 10. CONTRACTUAL OBLIGATIONS ON OUTSTANDING LONG-TERM DEBT 2007 2008 2009 2010 2011 2012 2013 2014 TOTAL Principal 51 42 44 40 42 42 44 44 Interest 11 11 11 10 10 10 10 9 Official creditors Principal 50 41 42 39 40 40 42 43 Interest 11 11 11 10 10 10 10 9 Bilateral creditors Principal 18 9 9 4 4 3 3 3 Interest 2 2 2 2 2 2 2 2 Multilateral creditors Principal 31 31 34 35 37 38 39 40 Interest 9 9 8 8 8 8 8 7 Private creditors Principal 1 1 1 1 1 1 1 1 Interest 0 0 0 0 0 0 0 0 Notes: 86 CAMBODIA (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 1. SUMMARY DEBT DATA TOTAL DEBT STOCKS (EDT) 1,845 2,284 2,628 2,900 3,193 3,439 3,515 3,527 Long-term debt (LDOD) 1,683 2,110 2,328 2,587 2,868 3,080 3,155 3,318 Public and publicly guaranteed 1,683 2,110 2,328 2,587 2,868 3,080 3,155 3,318 Private nonguaranteed 0 0 0 0 0 0 0 0 Use of IMF credit 27 72 73 96 104 97 81 0 Short-term debt 136 102 227 217 221 262 279 209 of which interest arrears on LDOD 103 90 131 192 207 228 243 173 Official creditors 102 90 131 192 207 228 243 173 Private creditors 0 0 0 0 0 0 0 0 Memorandum items Principal arrears on LDOD 393 653 1,275 1,359 1,401 1,444 1,485 1,508 Official creditors 393 653 1,275 1,359 1,401 1,444 1,485 1,508 Private creditors 0 0 0 0 0 0 0 0 TOTAL DEBT FLOWS Disbursements 0 123 90 169 183 168 168 153 Long-term debt 0 80 79 147 172 168 168 153 IMF purchases 0 42 11 22 12 0 0 0 Principal repayments 0 5 14 14 16 15 16 15 Long-term debt 0 5 7 1 3 5 8 15 IMF repurchases 0 0 7 12 13 10 9 0 Net flows on debt 15 100 128 101 156 172 154 138 of which short-term debt 15 -18 52 -54 -10 20 2 0 Interest payments (INT) 30 3 18 8 9 12 15 15 Long-term debt 29 1 12 6 8 11 12 13 IMF charges 0 1 1 1 1 0 0 0 Short-term debt 1 1 5 1 0 1 2 2 Net transfers on debt -15 97 110 93 147 160 139 123 Total debt service paid (TDS) 30 7 32 21 25 28 31 31 Long-term debt 29 6 19 7 11 16 20 28 IMF repurchases and charges 0 1 7 13 14 11 9 0 Short-term debt (interest only) 1 1 5 1 0 1 2 2 2. OTHER NET RESOURCE FLOWS (LONG-TERM) Net flow of long-term debt (ex. IMF) 0 75 72 146 168 163 160 138 Foreign direct investment (net) 0 151 149 145 84 131 379 483 Portfolio equity flows 0 0 0 0 0 0 0 0 Grants (excluding technical coop.) 23 312 201 180 195 179 229 246 of which: Debt forgiveness grants .. .. 0 0 0 0 0 0 IDA grants .. .. .. 0 1 1 2 6 Memo: technical coop. grants 19 143 100 134 162 158 184 184 Interest on long-term debt 29 1 12 6 8 11 12 13 Profit remittances on FDI 0 -4 123 159 160 205 227 270 3. MAJOR ECONOMIC AGGREGATES Gross national income (GNI) 1,115 3,384 3,532 4,109 4,472 5,089 6,017 6,968 Exports of goods, serv. & inc. (XGS) .. 989 1,993 2,545 2,803 3,586 4,256 5,259 Worker remit. & comp. of employees 0 12 121 140 138 177 200 297 Imports of goods & services (MGS) .. 1,442 2,453 2,970 3,325 4,053 4,897 5,919 International reserves (RES) .. 192 611 913 982 1,118 1,158 1,411 Current account balance .. -186 -136 -107 -233 -183 -360 -337 4. DEBT INDICATORS EDT / XGS (%) .. 230.9 131.9 114.0 113.9 95.9 82.6 67.1 EDT / GNI (%) 165.5 67.5 74.4 70.6 71.4 67.6 58.4 50.6 TDS / XGS (%) .. 0.7 1.6 0.8 0.9 0.8 0.7 0.6 INT / XGS (%) .. 0.3 0.9 0.3 0.3 0.3 0.3 0.3 INT / GNI (%) 2.7 0.1 0.5 0.2 0.2 0.2 0.2 0.2 RES / EDT (%) .. 8.4 23.3 31.5 30.8 32.5 32.9 40.0 RES / MGS (months) .. 1.6 3.0 3.7 3.5 3.3 2.8 2.9 Short-term / EDT (%) 7.3 4.5 8.6 7.5 6.9 7.6 7.9 5.9 Concessional / EDT (%) 91.2 90.4 88.2 88.9 89.5 89.2 89.5 93.8 Multilateral / EDT (%) 0.1 5.2 14.5 21.0 26.8 29.5 30.1 33.1 87 CAMBODIA (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 5. LONG-TERM DEBT DEBT OUTSTANDING (LDOD) 1,683 2,110 2,328 2,587 2,868 3,080 3,155 3,318 Public and publicly guaranteed 1,683 2,110 2,328 2,587 2,868 3,080 3,155 3,318 Official creditors 1,683 2,097 2,328 2,587 2,868 3,080 3,155 3,318 Multilateral 1 118 381 609 855 1,013 1,059 1,168 Concessional 1 118 381 609 855 1,013 1,059 1,168 Bilateral 1,681 1,979 1,947 1,978 2,013 2,066 2,096 2,150 Concessional 1,681 1,946 1,938 1,969 2,002 2,055 2,086 2,139 Private creditors 0 13 0 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 Commercial banks and other 0 0 0 0 0 0 0 0 Memo: IBRD 0 0 0 0 0 0 0 0 IDA 0 65 207 306 400 467 462 500 Public sector LDOD 1,683 2,110 2,328 2,587 2,868 3,080 3,155 3,318 Private sector LDOD 0 0 0 0 0 0 0 0 DISBURSEMENTS 0 80 79 147 172 168 168 153 Public and publicly guaranteed 0 80 79 147 172 168 168 153 Official creditors 0 64 79 147 172 168 168 153 Multilateral 0 61 78 124 142 119 130 79 Concessional 0 61 78 124 142 119 130 79 Bilateral 0 4 1 23 29 49 38 74 Concessional 0 4 1 23 29 49 38 74 Private creditors 0 16 0 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 Commercial banks and other 0 0 0 0 0 0 0 0 Memo: IBRD 0 0 0 0 0 0 0 0 IDA 0 25 37 47 63 48 36 19 PRINCIPAL REPAYMENTS 0 5 7 1 3 5 8 15 Public and publicly guaranteed 0 5 7 1 3 5 8 15 Official creditors 0 2 7 1 3 5 8 15 Multilateral 0 0 0 0 2 3 5 9 Concessional 0 0 0 0 2 3 5 9 Bilateral 0 2 7 1 2 2 2 6 Concessional 0 0 7 1 1 2 2 6 Private creditors 0 3 0 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 Commercial banks and other 0 0 0 0 0 0 0 0 Memo: IBRD 0 0 0 0 0 0 0 0 IDA 0 0 0 0 0 1 2 4 INTEREST PAYMENTS (LINT) 29 1 12 6 8 11 12 13 Public and publicly guaranteed 29 1 12 6 8 11 12 13 Official creditors 29 1 12 6 8 11 12 13 Multilateral 0 1 3 4 6 9 10 10 Concessional 0 1 3 4 6 9 10 10 Bilateral 29 0 9 2 2 2 3 3 Concessional 29 0 9 1 1 2 2 2 Private creditors 0 0 0 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 Commercial banks and other 0 0 0 0 0 0 0 0 Memo: IBRD 0 0 0 0 0 0 0 0 IDA 0 0 1 2 2 4 4 4 88 CAMBODIA (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 6. CURRENCY COMPOSITION OF PUBLIC AND PUBLICLY GUARANTEED DEBT (PERCENT) Euro .. .. .. 0.8 0.9 0.9 0.8 0.8 Japanese yen 0.6 0.4 0.3 0.7 1.0 1.2 1.1 1.2 Pound sterling 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Swiss franc 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 U.S.dollars 12.6 27.2 30.2 34.7 37.2 39.2 39.4 39.0 7. DEBT RESTRUCTURINGS Total amount rescheduled 0 224 0 0 0 0 0 0 Debt stock rescheduled 0 0 0 0 0 0 0 0 Principal rescheduled 0 109 0 0 0 0 0 0 Official 0 108 0 0 0 0 0 0 Private 0 0 0 0 0 0 0 0 Interest rescheduled 0 103 0 0 0 0 0 0 Official 0 103 0 0 0 0 0 0 Private 0 0 0 0 0 0 0 0 Debt forgiven 0 5 0 0 0 0 0 22 Memo: interest forgiven 0 7 0 0 0 0 0 0 Debt stock reduction 0 0 0 0 0 0 0 0 of which debt buyback 0 0 0 0 0 0 0 0 8. DEBT STOCK-FLOW RECONCILIATION Total change in debt stocks 0 375 111 204 293 246 76 11 Net flows on debt 15 100 128 101 156 172 154 138 Cross-currency valuation 0 0 -28 54 81 50 -111 52 9. AVERAGE TERMS OF NEW COMMITMENTS ALL CREDITORS Interest (%) 0.0 1.8 1.3 1.1 1.1 0.9 1.4 1.0 Maturity (years) 0.0 37.5 30.3 30.5 32.7 30.3 26.9 26.9 Grace period (years) 0.0 9.7 8.2 8.8 9.2 8.9 9.2 9.6 Grant element (%) 0.0 69.8 68.6 71.6 73.7 73.1 67.7 71.3 Official creditors Interest (%) 0.0 1.8 1.3 1.1 1.1 0.9 1.4 1.0 Maturity (years) 0.0 37.5 30.3 30.5 32.7 30.3 26.9 26.9 Grace period (years) 0.0 9.7 8.2 8.8 9.2 8.9 9.2 9.6 Grant element (%) 0.0 69.8 68.6 71.6 73.7 73.1 67.7 71.3 Private creditors Interest (%) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Maturity (years) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Grace period (years) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Grant element (%) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 10. CONTRACTUAL OBLIGATIONS ON OUTSTANDING LONG-TERM DEBT 2007 2008 2009 2010 2011 2012 2013 2014 TOTAL Principal 52 58 60 61 69 72 83 92 Interest 27 28 29 29 29 29 28 27 Official creditors Principal 52 58 60 61 69 72 83 92 Interest 27 28 29 29 29 29 28 27 Bilateral creditors Principal 38 39 35 29 31 29 34 39 Interest 12 12 12 12 12 11 11 10 Multilateral creditors Principal 13 19 25 31 38 44 49 53 Interest 15 16 17 17 17 17 17 17 Private creditors Principal 0 0 0 0 0 0 0 0 Interest 0 0 0 0 0 0 0 0 Notes: Cambodia was granted debt relief effective in 2006 under the Multilateral Debt Relief Initiative. 89 CAMEROON (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 1. SUMMARY DEBT DATA TOTAL DEBT STOCKS (EDT) 6,393 10,632 10,103 9,608 10,703 10,181 7,195 3,171 Long-term debt (LDOD) 5,336 9,590 8,643 8,565 9,995 9,237 6,516 2,567 Public and publicly guaranteed 5,106 9,301 8,326 8,388 9,380 8,605 5,924 2,078 Private nonguaranteed 230 288 317 177 615 632 592 489 Use of IMF credit 121 51 235 307 347 333 272 8 Short-term debt 936 991 1,224 736 361 611 407 596 of which interest arrears on LDOD 168 349 205 143 77 218 353 528 Official creditors 86 247 89 23 15 10 0 16 Private creditors 82 102 116 120 62 208 353 512 Memorandum items Principal arrears on LDOD 309 474 322 157 59 103 76 119 Official creditors 103 243 118 17 3 4 0 29 Private creditors 206 231 203 140 55 99 76 91 TOTAL DEBT FLOWS Disbursements 699 174 354 161 180 274 231 151 Long-term debt 699 161 286 120 158 274 227 148 IMF purchases 0 13 69 41 22 0 4 4 Principal repayments 267 216 269 195 253 363 577 379 Long-term debt 266 210 251 195 242 340 538 358 IMF repurchases 1 6 17 0 11 23 39 21 Net flows on debt 669 118 -19 -221 -381 19 -684 -213 of which short-term debt 237 160 -105 -187 -308 109 -339 14 Interest payments (INT) 246 214 288 157 187 246 245 140 Long-term debt 192 173 214 130 173 232 231 136 IMF charges 11 2 2 2 2 2 1 0 Short-term debt 42 38 72 25 13 12 12 4 Net transfers on debt 423 -96 -307 -378 -569 -226 -929 -353 Total debt service paid (TDS) 513 430 556 352 441 609 822 519 Long-term debt 458 383 466 325 415 572 770 493 IMF repurchases and charges 13 8 19 2 13 25 40 22 Short-term debt (interest only) 42 38 72 25 13 12 12 4 2. OTHER NET RESOURCE FLOWS (LONG-TERM) Net flow of long-term debt (ex. IMF) 433 -49 35 -75 -84 -66 -311 -210 Foreign direct investment (net) -113 7 159 602 220 319 225 309 Portfolio equity flows 0 0 0 1 0 -8 0 0 Grants (excluding technical coop.) 313 205 172 409 795 599 337 2,751 of which: Debt forgiveness grants .. .. 276 284 682 423 207 2,463 IDA grants .. .. .. 48 16 0 0 29 Memo: technical coop. grants 126 124 93 114 138 151 152 181 Interest on long-term debt 192 173 214 130 173 232 231 136 Profit remittances on FDI 138 21 41 90 124 186 0 0 3. MAJOR ECONOMIC AGGREGATES Gross national income (GNI) 10,674 8,205 9,464 10,207 13,097 15,374 16,413 18,072 Exports of goods, serv. & inc. (XGS) 2,535 2,062 2,614 2,960 3,297 3,833 .. .. Worker remit. & comp. of employees 23 11 11 11 76 103 103 103 Imports of goods & services (MGS) 3,041 2,032 2,960 3,443 3,954 4,519 .. .. International reserves (RES) 37 15 220 640 652 842 965 1,735 Current account balance -551 90 -249 -445 -596 -608 .. .. 4. DEBT INDICATORS EDT / XGS (%) 252.2 515.7 386.5 324.6 324.6 265.6 .. .. EDT / GNI (%) 59.9 129.6 106.7 94.1 81.7 66.2 43.8 17.5 TDS / XGS (%) 20.2 20.8 21.3 11.9 13.4 15.9 .. .. INT / XGS (%) 9.7 10.4 11.0 5.3 5.7 6.4 .. .. INT / GNI (%) 2.3 2.6 3.0 1.5 1.4 1.6 1.5 0.8 RES / EDT (%) 0.6 0.1 2.2 6.7 6.1 8.3 13.4 54.7 RES / MGS (months) 0.1 0.1 0.9 2.2 2.0 2.2 .. .. Short-term / EDT (%) 14.6 9.3 12.1 7.7 3.4 6.0 5.7 18.8 Concessional / EDT (%) 27.3 43.5 47.0 52.9 54.9 59.2 62.4 57.2 Multilateral / EDT (%) 20.3 15.7 14.0 14.7 14.7 17.0 21.9 15.7 90 CAMEROON (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 5. LONG-TERM DEBT DEBT OUTSTANDING (LDOD) 5,336 9,590 8,643 8,565 9,995 9,237 6,516 2,567 Public and publicly guaranteed 5,106 9,301 8,326 8,388 9,380 8,605 5,924 2,078 Official creditors 3,755 8,539 8,092 8,214 9,294 8,494 5,816 1,988 Multilateral 1,299 1,664 1,410 1,417 1,570 1,732 1,578 497 Concessional 342 612 954 1,077 1,213 1,426 1,358 331 Bilateral 2,456 6,875 6,682 6,797 7,724 6,762 4,238 1,491 Concessional 1,400 4,012 3,791 4,004 4,660 4,604 3,132 1,482 Private creditors 1,351 763 235 174 86 111 108 90 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 382 290 166 122 47 44 41 44 Private nonguaranteed 230 288 317 177 615 632 592 489 Bonds 0 0 0 0 0 0 0 0 Commercial banks and other 230 288 317 177 615 632 592 489 Memo: IBRD 633 624 214 141 145 117 84 46 IDA 238 443 769 847 944 1,083 1,032 170 Public sector LDOD 4,984 9,225 8,279 8,388 9,380 8,605 5,924 2,078 Private sector LDOD 353 365 364 177 615 632 592 489 DISBURSEMENTS 699 161 286 120 158 274 227 148 Public and publicly guaranteed 646 161 247 120 146 200 130 109 Official creditors 542 161 247 120 146 200 130 109 Multilateral 195 81 115 73 106 177 68 85 Concessional 2 38 104 72 56 171 59 74 Bilateral 347 80 133 47 40 23 62 24 Concessional 101 80 126 47 40 23 62 24 Private creditors 105 0 0 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 10 0 0 0 0 0 0 0 Private nonguaranteed 53 0 39 0 12 74 98 39 Bonds 0 0 0 0 0 0 0 0 Commercial banks and other 53 0 39 0 12 74 98 39 Memo: IBRD 70 6 0 1 35 5 0 0 IDA 0 35 55 50 36 107 31 29 PRINCIPAL REPAYMENTS 266 210 251 195 242 340 538 358 Public and publicly guaranteed 136 182 165 146 182 291 397 197 Official creditors 95 145 161 146 169 291 397 197 Multilateral 66 129 95 74 76 87 92 88 Concessional 6 9 16 16 16 21 24 20 Bilateral 28 16 66 73 94 204 304 108 Concessional 16 3 44 64 84 158 262 105 Private creditors 41 36 4 0 13 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 28 25 4 0 11 0 0 0 Private nonguaranteed 130 28 86 49 60 49 141 161 Bonds 0 0 0 0 0 0 0 0 Commercial banks and other 130 28 86 49 60 49 141 161 Memo: IBRD 40 90 52 22 35 34 32 39 IDA 3 4 7 8 7 10 12 8 INTEREST PAYMENTS (LINT) 192 173 214 130 173 232 231 136 Public and publicly guaranteed 176 162 198 122 126 184 181 79 Official creditors 121 152 197 122 126 184 180 79 Multilateral 71 80 48 43 31 33 27 20 Concessional 4 6 7 9 9 13 12 8 Bilateral 49 72 149 79 95 151 153 59 Concessional 25 48 58 38 51 102 145 57 Private creditors 55 10 1 0 0 0 1 0 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 39 5 1 0 0 0 0 0 Private nonguaranteed 17 11 17 8 47 48 51 57 Bonds 0 0 0 0 0 0 0 0 Commercial banks and other 17 11 17 8 47 48 51 57 Memo: IBRD 48 55 22 14 10 7 5 4 IDA 2 3 5 6 6 9 8 5 91 CAMEROON (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 6. CURRENCY COMPOSITION OF PUBLIC AND PUBLICLY GUARANTEED DEBT (PERCENT) Euro .. .. .. 62.9 65.0 71.1 65.3 76.1 Japanese yen 0.3 0.4 0.5 1.1 1.0 1.1 1.3 0.0 Pound sterling 2.4 1.3 2.0 1.8 1.6 1.8 1.7 0.0 Swiss franc 1.2 1.1 0.8 0.8 0.8 0.8 0.7 0.4 U.S.dollars 11.6 9.9 25.1 26.0 24.4 17.3 21.3 11.4 7. DEBT RESTRUCTURINGS Total amount rescheduled 75 1,070 206 54 85 54 68 20 Debt stock rescheduled 0 0 0 0 0 0 0 0 Principal rescheduled 24 287 18 29 39 32 32 9 Official 5 197 7 28 39 32 32 9 Private 19 90 12 1 0 0 0 0 Interest rescheduled 22 152 15 21 30 21 21 4 Official 6 128 15 21 30 21 21 4 Private 16 23 0 0 0 0 0 0 Debt forgiven 10 0 4 195 300 249 164 2,866 Memo: interest forgiven 0 0 2 78 88 23 0 51 Debt stock reduction 0 0 0 0 0 0 0 1,107 of which debt buyback 0 0 0 0 0 0 0 0 8. DEBT STOCK-FLOW RECONCILIATION Total change in debt stocks 1,177 1,664 -220 296 1,095 -522 -2,986 -4,025 Net flows on debt 669 118 -19 -221 -381 19 -684 -213 Cross-currency valuation 309 339 -483 1,057 1,243 569 -976 -649 9. AVERAGE TERMS OF NEW COMMITMENTS ALL CREDITORS Interest (%) 6.6 2.6 0.9 1.0 1.3 1.5 0.4 0.5 Maturity (years) 15.2 23.3 38.6 33.3 24.5 34.1 30.8 34.3 Grace period (years) 5.3 7.7 9.5 9.0 7.2 8.0 9.2 2.2 Grant element (%) 21.4 53.7 76.6 73.4 63.9 66.6 77.8 68.9 Official creditors Interest (%) 6.6 2.6 0.9 1.0 1.3 1.5 0.4 0.5 Maturity (years) 15.3 23.3 38.6 33.3 24.5 34.1 30.8 34.3 Grace period (years) 5.3 7.7 9.5 9.0 7.2 8.0 9.2 2.2 Grant element (%) 21.4 53.7 76.6 73.4 63.9 66.6 77.8 68.9 Private creditors Interest (%) 7.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Maturity (years) 13.2 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Grace period (years) 2.7 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Grant element (%) 14.4 0.0 0.0 0.0 0.0 0.0 0.0 0.0 10. CONTRACTUAL OBLIGATIONS ON OUTSTANDING LONG-TERM DEBT 2007 2008 2009 2010 2011 2012 2013 2014 TOTAL Principal 307 311 309 182 173 137 136 121 Interest 104 90 75 60 52 46 42 37 Official creditors Principal 159 179 196 159 153 121 117 114 Interest 70 66 60 54 48 43 40 36 Bilateral creditors Principal 113 129 142 116 110 82 77 72 Interest 54 50 45 41 37 33 31 28 Multilateral creditors Principal 45 50 54 43 44 39 40 41 Interest 16 16 15 13 12 10 9 8 Private creditors Principal 148 131 113 23 20 16 19 7 Interest 35 24 15 6 4 3 2 1 Notes: Cameroon was granted debt relief effective in 2006 under the Multilateral Debt Relief Initiative. Data on public and publicly guaranteed debt include World Bank staff estimates of the effects of the Paris Club debt restructuring agreements. Historical data on public and publicly guaranteed debt have been revised, based on reports provided by the country. 92 CAPE VERDE (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 1. SUMMARY DEBT DATA TOTAL DEBT STOCKS (EDT) 133.8 213.8 326.3 411.8 484.4 519.9 543.4 601.0 Long-term debt (LDOD) 129.1 184.6 313.8 383.4 439.6 466.1 480.0 530.5 Public and publicly guaranteed 129.1 184.6 313.8 383.4 439.6 466.1 480.0 530.5 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Use of IMF credit 0.0 0.0 0.0 3.3 7.3 9.6 12.3 13.0 Short-term debt 4.7 29.2 12.6 25.0 37.5 44.3 51.0 57.6 of which interest arrears on LDOD 2.3 4.6 3.9 3.2 2.9 2.9 2.8 2.6 Official creditors 1.9 3.9 3.9 2.9 2.8 2.8 2.7 2.5 Private creditors 0.4 0.7 0.0 0.3 0.1 0.1 0.1 0.1 Memorandum items Principal arrears on LDOD 11.1 19.6 33.3 23.7 23.5 23.4 23.9 23.3 Official creditors 10.4 18.1 32.1 22.6 22.4 22.7 22.7 22.6 Private creditors 0.7 1.6 1.2 1.0 1.1 0.7 1.2 0.7 TOTAL DEBT FLOWS Disbursements 12.1 21.4 28.8 37.7 37.7 28.7 78.6 51.7 Long-term debt 12.1 21.4 28.8 34.5 34.3 26.8 74.9 51.7 IMF purchases 0.0 0.0 0.0 3.2 3.4 1.8 3.7 0.0 Principal repayments 3.7 5.6 11.1 14.3 14.5 17.5 26.1 23.6 Long-term debt 3.7 5.6 11.1 14.3 14.5 17.5 26.1 23.6 IMF repurchases 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Net flows on debt 10.7 34.4 10.6 29.5 36.0 18.0 59.3 34.8 of which short-term debt 2.4 18.7 -7.1 6.1 12.8 6.8 6.8 6.8 Interest payments (INT) 2.0 4.1 5.0 7.4 5.8 6.8 7.8 7.7 Long-term debt 1.9 3.4 4.7 6.6 4.7 5.5 6.4 6.2 IMF charges 0.0 0.0 0.0 0.0 0.0 0.0 0.1 0.1 Short-term debt 0.1 0.8 0.3 0.8 1.0 1.2 1.4 1.5 Net transfers on debt 8.7 30.3 5.7 22.1 30.3 11.2 51.5 27.1 Total debt service paid (TDS) 5.7 9.8 16.0 21.7 20.2 24.3 33.9 31.4 Long-term debt 5.6 9.0 15.8 20.9 19.2 23.0 32.5 29.8 IMF repurchases and charges 0.0 0.0 0.0 0.0 0.0 0.0 0.1 0.1 Short-term debt (interest only) 0.1 0.8 0.3 0.8 1.0 1.2 1.4 1.5 2. OTHER NET RESOURCE FLOWS (LONG-TERM) Net flow of long-term debt (ex. IMF) 8.3 15.8 17.7 20.2 19.8 9.3 48.8 28.0 Foreign direct investment (net) 0.3 26.2 33.4 14.8 39.3 67.6 16.7 122.6 Portfolio equity flows 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.3 Grants (excluding technical coop.) 77.5 61.4 43.6 41.7 57.2 70.4 73.5 57.4 of which: Debt forgiveness grants .. .. 0.1 0.1 0.1 0.4 0.1 0.1 IDA grants .. .. .. 0.0 0.0 0.0 0.0 0.0 Memo: technical coop. grants 18.0 40.4 29.5 21.0 56.5 43.3 43.8 44.1 Interest on long-term debt 1.9 3.4 4.7 6.6 4.7 5.5 6.4 6.2 Profit remittances on FDI 0.0 0.5 5.1 4.1 2.8 3.8 10.3 29.5 3. MAJOR ECONOMIC AGGREGATES Gross national income (GNI) 340.5 485.3 520.0 604.6 781.0 907.0 965.7 1099.0 Exports of goods, serv. & inc. (XGS) 119.3 191.4 236.6 285.7 379.8 427.0 521.2 673.6 Worker remit. & comp. of employees 59.0 106.0 87.0 85.0 108.5 113.0 137.0 136.6 Imports of goods & services (MGS) 153.1 300.7 343.6 438.4 579.3 678.3 698.2 872.4 International reserves (RES) 77.0 36.9 28.3 79.8 93.6 139.5 174.0 254.5 Current account balance -3.8 -61.6 -58.0 -71.5 -90.6 -130.0 -34.6 -40.0 4. DEBT INDICATORS EDT / XGS (%) 112.1 111.7 137.9 144.1 127.5 121.8 104.3 89.2 EDT / GNI (%) 39.3 44.1 62.8 68.1 62.0 57.3 56.3 54.7 TDS / XGS (%) 4.8 5.1 6.8 7.6 5.3 5.7 6.5 4.7 INT / XGS (%) 1.7 2.2 2.1 2.6 1.5 1.6 1.5 1.1 INT / GNI (%) 0.6 0.9 1.0 1.2 0.7 0.7 0.8 0.7 RES / EDT (%) 57.5 17.3 8.7 19.4 19.3 26.8 32.0 42.3 RES / MGS (months) 6.0 1.5 1.0 2.2 1.9 2.5 3.0 3.5 Short-term / EDT (%) 3.5 13.7 3.8 6.1 7.7 8.5 9.4 9.6 Concessional / EDT (%) 70.2 68.6 82.0 83.6 81.7 81.5 81.1 82.5 Multilateral / EDT (%) 65.0 67.3 70.2 67.7 68.4 69.9 68.7 68.7 93 CAPE VERDE (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 5. LONG-TERM DEBT DEBT OUTSTANDING (LDOD) 129.1 184.6 313.8 383.4 439.6 466.1 480.0 530.5 Public and publicly guaranteed 129.1 184.6 313.8 383.4 439.6 466.1 480.0 530.5 Official creditors 126.6 178.2 306.3 363.6 416.8 445.1 458.0 512.8 Multilateral 87.0 143.9 229.2 278.7 331.3 363.7 373.2 412.9 Concessional 68.4 122.6 220.0 272.4 321.8 353.2 366.0 405.4 Bilateral 39.6 34.2 77.1 84.9 85.4 81.5 84.8 99.9 Concessional 25.5 24.1 47.6 71.9 73.9 70.5 74.5 90.2 Private creditors 2.5 6.4 7.5 19.8 22.8 21.0 22.0 17.7 of which: Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 0.0 0.0 2.6 2.2 1.5 1.1 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks and other 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 13.6 33.0 97.9 140.4 173.3 194.6 205.1 235.9 Public sector LDOD 129.1 184.6 313.8 383.4 439.6 466.1 480.0 530.5 Private sector LDOD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 DISBURSEMENTS 12.1 21.4 28.8 34.5 34.3 26.8 74.9 51.7 Public and publicly guaranteed 12.1 21.4 28.8 34.5 34.3 26.8 74.9 51.7 Official creditors 12.1 17.1 28.8 30.1 32.5 26.8 65.7 51.7 Multilateral 6.0 14.9 23.5 30.1 32.3 26.0 49.4 32.5 Concessional 6.0 13.7 23.5 30.1 29.9 24.7 49.4 31.8 Bilateral 6.1 2.2 5.3 0.0 0.2 0.9 16.3 19.2 Concessional 0.7 2.2 5.3 0.0 0.2 0.9 16.3 19.2 Private creditors 0.0 4.2 0.0 4.4 1.8 0.0 9.3 0.0 of which: Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 0.0 0.0 1.8 0.0 0.8 0.0 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks and other 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 2.0 6.0 10.4 22.0 19.0 13.8 27.2 22.1 PRINCIPAL REPAYMENTS 3.7 5.6 11.1 14.3 14.5 17.5 26.1 23.6 Public and publicly guaranteed 3.7 5.6 11.1 14.3 14.5 17.5 26.1 23.6 Official creditors 3.6 5.6 9.3 11.4 11.8 14.4 20.6 17.1 Multilateral 2.5 4.8 6.1 8.1 6.6 7.4 12.2 8.6 Concessional 1.0 3.5 4.8 5.9 5.3 6.2 11.1 7.5 Bilateral 1.1 0.8 3.2 3.3 5.2 7.0 8.4 8.5 Concessional 0.2 0.3 2.3 2.6 3.8 6.3 7.8 7.9 Private creditors 0.1 0.0 1.8 2.9 2.6 3.1 5.5 6.5 of which: Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 0.0 0.0 0.0 0.5 1.3 0.5 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks and other 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 0.0 0.1 0.3 0.3 0.7 1.1 1.4 1.5 INTEREST PAYMENTS (LINT) 1.9 3.4 4.7 6.6 4.7 5.5 6.4 6.2 Public and publicly guaranteed 1.9 3.4 4.7 6.6 4.7 5.5 6.4 6.2 Official creditors 1.9 3.4 3.8 5.5 4.5 5.1 5.4 5.6 Multilateral 1.2 3.3 2.7 3.7 3.0 3.7 4.1 4.2 Concessional 0.5 2.3 2.3 3.3 2.9 3.5 3.9 4.0 Bilateral 0.7 0.1 1.1 1.8 1.4 1.4 1.3 1.5 Concessional 0.0 0.1 0.7 1.6 1.3 1.3 1.3 1.4 Private creditors 0.0 0.0 0.9 1.1 0.3 0.5 1.0 0.5 of which: Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 0.0 0.0 0.0 0.1 0.5 0.1 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks and other 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 0.1 0.2 0.7 0.9 1.1 1.5 1.6 1.7 94 CAPE VERDE (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 6. CURRENCY COMPOSITION OF PUBLIC AND PUBLICLY GUARANTEED DEBT (PERCENT) Euro .. .. .. 12.7 13.4 12.4 13.0 14.5 Japanese yen 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Pound sterling 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Swiss franc 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 U.S.dollars 38.5 35.3 55.6 54.5 54.3 55.2 52.5 50.2 7. DEBT RESTRUCTURINGS Total amount rescheduled 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Debt stock rescheduled 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal rescheduled 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Official 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Interest rescheduled 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Official 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Debt forgiven 8.2 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: interest forgiven 0.8 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Debt stock reduction 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 of which debt buyback 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 8. DEBT STOCK-FLOW RECONCILIATION Total change in debt stocks 7.7 37.9 -0.1 51.9 72.5 35.6 23.5 57.7 Net flows on debt 10.7 34.4 10.6 29.5 36.0 18.0 59.3 34.8 Cross-currency valuation 2.9 1.3 -7.0 17.6 23.2 12.5 -24.7 16.3 9. AVERAGE TERMS OF NEW COMMITMENTS ALL CREDITORS Interest (%) 1.5 0.8 3.1 0.9 1.3 2.6 3.5 2.8 Maturity (years) 42.6 39.8 28.7 40.1 26.8 27.8 32.5 38.2 Grace period (years) 9.1 10.3 5.8 9.6 6.3 6.2 8.4 8.7 Grant element (%) 73.0 80.6 50.2 76.3 58.8 55.2 53.0 61.3 Official creditors Interest (%) 1.5 0.8 0.8 0.9 1.3 2.6 3.5 2.8 Maturity (years) 42.6 39.8 45.9 42.9 26.8 27.8 32.5 38.2 Grace period (years) 9.1 10.3 9.3 10.3 6.3 6.2 8.4 8.7 Grant element (%) 73.0 80.6 80.1 80.2 58.8 55.2 53.0 61.3 Private creditors Interest (%) 0.0 0.0 5.5 1.0 0.0 0.0 0.0 0.0 Maturity (years) 0.0 0.0 10.6 7.0 0.0 0.0 0.0 0.0 Grace period (years) 0.0 0.0 2.2 2.0 0.0 0.0 0.0 0.0 Grant element (%) 0.0 0.0 18.6 30.6 0.0 0.0 0.0 0.0 10. CONTRACTUAL OBLIGATIONS ON OUTSTANDING LONG-TERM DEBT 2007 2008 2009 2010 2011 2012 2013 2014 TOTAL Principal 24.1 24.8 25.8 24.7 23.6 19.8 18.0 17.9 Interest 9.5 9.7 9.7 9.6 9.3 9.1 8.7 8.3 Official creditors Principal 19.7 20.4 21.6 20.7 21.2 19.4 18.0 17.9 Interest 8.6 9.1 9.3 9.3 9.2 9.0 8.7 8.3 Bilateral creditors Principal 8.6 8.3 8.3 6.1 6.1 4.5 4.1 4.6 Interest 3.9 4.3 4.5 4.6 4.7 4.8 4.6 4.4 Multilateral creditors Principal 11.1 12.0 13.3 14.6 15.0 14.8 13.9 13.3 Interest 4.7 4.8 4.8 4.7 4.5 4.3 4.1 3.9 Private creditors Principal 4.4 4.4 4.2 4.0 2.5 0.5 0.0 0.0 Interest 0.8 0.7 0.5 0.3 0.1 0.0 0.0 0.0 Notes: Short-term debt data are World Bank staff estimates. 95 CENTRAL AFRICAN REPUBLIC (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 1. SUMMARY DEBT DATA TOTAL DEBT STOCKS (EDT) 699 946 858 1,065 1,038 1,081 1,016 1,020 Long-term debt (LDOD) 624 854 796 980 900 930 871 863 Public and publicly guaranteed 624 854 796 980 900 930 871 863 Private nonguaranteed 0 0 0 0 0 0 0 0 Use of IMF credit 37 35 21 33 36 44 36 42 Short-term debt 38 57 41 52 101 108 109 115 of which interest arrears on LDOD 15 36 25 43 89 99 100 106 Official creditors 13 32 24 40 82 92 93 99 Private creditors 2 4 1 3 7 7 7 7 Memorandum items Principal arrears on LDOD 23 74 96 130 174 207 222 247 Official creditors 20 61 84 104 144 176 192 216 Private creditors 4 14 13 26 30 31 30 30 TOTAL DEBT FLOWS Disbursements 121 33 16 1 0 8 0 10 Long-term debt 113 33 16 1 0 0 0 0 IMF purchases 8 0 0 0 0 8 0 10 Principal repayments 17 10 8 0 0 12 5 53 Long-term debt 8 3 7 0 0 9 0 47 IMF repurchases 10 7 1 0 0 2 5 6 Net flows on debt 107 25 -14 0 3 -6 -5 -42 of which short-term debt 3 2 -22 0 3 -3 0 0 Interest payments (INT) 12 6 6 1 0 3 1 18 Long-term debt 9 4 4 0 0 2 0 16 IMF charges 1 1 0 0 0 0 0 1 Short-term debt 2 1 1 0 0 0 0 0 Net transfers on debt 95 19 -20 0 2 -9 -6 -60 Total debt service paid (TDS) 29 16 14 1 1 14 6 70 Long-term debt 17 6 12 0 0 11 1 63 IMF repurchases and charges 11 8 1 0 0 3 5 7 Short-term debt (interest only) 2 1 1 0 0 0 0 0 2. OTHER NET RESOURCE FLOWS (LONG-TERM) Net flow of long-term debt (ex. IMF) 105 30 9 0 0 -9 0 -47 Foreign direct investment (net) 1 6 1 6 3 -13 6 24 Portfolio equity flows 0 0 0 0 0 0 0 0 Grants (excluding technical coop.) 86 110 56 45 35 84 68 155 of which: Debt forgiveness grants .. .. 10 9 9 8 7 7 IDA grants .. .. .. 0 0 0 0 80 Memo: technical coop. grants 56 47 22 21 24 34 39 38 Interest on long-term debt 9 4 4 0 0 2 0 16 Profit remittances on FDI 2 0 0 0 0 0 0 0 3. MAJOR ECONOMIC AGGREGATES Gross national income (GNI) 1,465 1,101 947 1,033 1,193 1,306 1,369 1,490 Exports of goods, serv. & inc. (XGS) 220 .. .. .. .. .. .. .. Worker remit. & comp. of employees 0 0 0 0 0 0 0 0 Imports of goods & services (MGS) 432 .. .. .. .. .. .. .. International reserves (RES) 123 238 136 127 137 153 145 132 Current account balance -89 .. .. .. .. .. .. .. 4. DEBT INDICATORS EDT / XGS (%) 317.0 .. .. .. .. .. .. .. EDT / GNI (%) 47.7 85.9 90.6 103.1 87.0 82.8 74.2 68.4 TDS / XGS (%) 13.2 .. .. .. .. .. .. .. INT / XGS (%) 5.3 .. .. .. .. .. .. .. INT / GNI (%) 0.8 0.5 0.6 0.1 0.0 0.2 0.1 1.2 RES / EDT (%) 17.6 25.2 15.9 11.9 13.2 14.2 14.3 13.0 RES / MGS (months) 3.4 .. .. .. .. .. .. .. Short-term / EDT (%) 5.4 6.0 4.7 4.9 9.7 10.0 10.7 11.2 Concessional / EDT (%) 73.1 80.9 83.3 69.9 78.5 78.2 78.1 76.5 Multilateral / EDT (%) 65.2 67.3 68.0 54.9 62.4 62.7 61.1 59.3 96 CENTRAL AFRICAN REPUBLIC (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 5. LONG-TERM DEBT DEBT OUTSTANDING (LDOD) 624 854 796 980 900 930 871 863 Public and publicly guaranteed 624 854 796 980 900 930 871 863 Official creditors 603 836 763 946 866 899 841 832 Multilateral 456 636 583 585 647 678 621 605 Concessional 429 622 572 573 636 665 610 593 Bilateral 147 199 180 361 219 221 220 227 Concessional 81 143 143 172 179 180 183 187 Private creditors 22 18 33 34 34 31 30 30 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 Commercial banks and other 0 0 0 0 0 0 0 0 Memo: IBRD 0 0 0 0 0 0 0 0 IDA 265 414 391 399 435 455 423 395 Public sector LDOD 624 854 795 979 899 928 869 861 Private sector LDOD 0 0 1 1 1 2 1 1 DISBURSEMENTS 113 33 16 1 0 0 0 0 Public and publicly guaranteed 113 33 16 1 0 0 0 0 Official creditors 113 33 16 1 0 0 0 0 Multilateral 95 33 16 1 0 0 0 0 Concessional 94 32 16 1 0 0 0 0 Bilateral 18 0 0 0 0 0 0 0 Concessional 16 0 0 0 0 0 0 0 Private creditors 0 0 0 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 Commercial banks and other 0 0 0 0 0 0 0 0 Memo: IBRD 0 0 0 0 0 0 0 0 IDA 70 30 13 1 0 0 0 0 PRINCIPAL REPAYMENTS 8 3 7 0 0 9 0 47 Public and publicly guaranteed 8 3 7 0 0 9 0 47 Official creditors 7 3 7 0 0 5 0 47 Multilateral 3 3 7 0 0 1 0 47 Concessional 2 2 7 0 0 1 0 47 Bilateral 4 0 1 0 0 5 0 0 Concessional 1 0 0 0 0 3 0 0 Private creditors 1 0 0 0 0 4 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 Commercial banks and other 0 0 0 0 0 0 0 0 Memo: IBRD 0 0 0 0 0 0 0 0 IDA 0 1 6 0 0 0 0 47 INTEREST PAYMENTS (LINT) 9 4 4 0 0 2 0 16 Public and publicly guaranteed 9 4 4 0 0 2 0 16 Official creditors 8 4 4 0 0 2 0 16 Multilateral 5 4 3 0 0 0 0 16 Concessional 3 3 3 0 0 0 0 16 Bilateral 3 0 1 0 0 2 0 0 Concessional 2 0 1 0 0 2 0 0 Private creditors 1 0 0 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 Commercial banks and other 0 0 0 0 0 0 0 0 Memo: IBRD 0 0 0 0 0 0 0 0 IDA 2 3 3 0 0 0 0 16 97 CENTRAL AFRICAN REPUBLIC (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 6. CURRENCY COMPOSITION OF PUBLIC AND PUBLICLY GUARANTEED DEBT (PERCENT) Euro .. .. .. 5.2 6.9 7.0 6.7 7.2 Japanese yen 0.7 0.7 0.7 0.5 0.6 0.6 0.6 0.6 Pound sterling 0.1 0.0 0.1 0.1 0.1 0.1 0.1 0.1 Swiss franc 2.6 2.8 2.2 2.1 2.6 2.8 2.5 2.8 U.S.dollars 43.6 56.2 61.2 51.1 58.5 58.0 58.6 56.4 7. DEBT RESTRUCTURINGS Total amount rescheduled 4 8 3 0 0 0 0 0 Debt stock rescheduled 0 0 0 0 0 0 0 0 Principal rescheduled 3 4 2 0 0 0 0 0 Official 3 4 2 0 0 0 0 0 Private 0 0 0 0 0 0 0 0 Interest rescheduled 0 1 1 0 0 0 0 0 Official 0 1 1 0 0 0 0 0 Private 0 0 0 0 0 0 0 0 Debt forgiven 153 1 0 0 0 0 0 0 Memo: interest forgiven 4 0 0 0 0 0 0 0 Debt stock reduction 0 0 0 0 0 0 0 0 of which debt buyback 0 0 0 0 0 0 0 0 8. DEBT STOCK-FLOW RECONCILIATION Total change in debt stocks 5 58 -51 243 -27 44 -66 4 Net flows on debt 107 25 -14 0 3 -6 -5 -42 Cross-currency valuation 38 -35 -34 46 61 33 -59 33 9. AVERAGE TERMS OF NEW COMMITMENTS ALL CREDITORS Interest (%) 1.0 0.8 0.8 0.0 0.0 0.0 0.0 0.0 Maturity (years) 37.6 39.7 39.8 0.0 0.0 0.0 0.0 40.0 Grace period (years) 10.2 10.2 10.3 0.0 0.0 0.0 0.0 1.0 Grant element (%) 77.0 80.5 80.6 0.0 0.0 0.0 0.0 75.8 Official creditors Interest (%) 1.0 0.8 0.8 0.0 0.0 0.0 0.0 0.0 Maturity (years) 37.6 39.7 39.8 0.0 0.0 0.0 0.0 40.0 Grace period (years) 10.2 10.2 10.3 0.0 0.0 0.0 0.0 1.0 Grant element (%) 77.0 80.5 80.6 0.0 0.0 0.0 0.0 75.8 Private creditors Interest (%) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Maturity (years) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Grace period (years) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Grant element (%) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 10. CONTRACTUAL OBLIGATIONS ON OUTSTANDING LONG-TERM DEBT 2007 2008 2009 2010 2011 2012 2013 2014 TOTAL Principal 21 22 23 24 27 27 28 28 Interest 7 6 6 6 6 5 5 5 Official creditors Principal 21 22 23 24 27 27 28 28 Interest 7 6 6 6 6 5 5 5 Bilateral creditors Principal 5 5 5 4 5 4 4 5 Interest 2 2 2 2 2 2 2 1 Multilateral creditors Principal 16 17 18 19 22 23 24 24 Interest 4 4 4 4 4 4 4 3 Private creditors Principal 0 0 0 0 0 0 0 0 Interest 0 0 0 0 0 0 0 0 Notes: Data on public and publicly guaranteed debt for 2006 include World Bank staff estimates. 98 CHAD (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 1. SUMMARY DEBT DATA TOTAL DEBT STOCKS (EDT) 529 912 1,138 1,323 1,590 1,701 1,633 1,772 Long-term debt (LDOD) 469 843 1,031 1,191 1,462 1,582 1,537 1,686 Public and publicly guaranteed 469 843 1,031 1,191 1,462 1,582 1,537 1,686 Private nonguaranteed 0 0 0 0 0 0 0 0 Use of IMF credit 30 49 78 107 106 96 79 68 Short-term debt 30 20 29 26 23 23 16 18 of which interest arrears on LDOD 6 12 14 12 14 15 11 14 Official creditors 4 12 14 12 13 14 10 13 Private creditors 2 0 0 1 1 1 1 1 Memorandum items Principal arrears on LDOD 16 36 57 62 60 40 38 49 Official creditors 14 36 54 58 57 35 33 41 Private creditors 3 0 3 3 3 5 5 8 TOTAL DEBT FLOWS Disbursements 112 73 59 122 188 113 116 117 Long-term debt 104 61 46 105 181 113 110 117 IMF purchases 8 13 14 17 7 0 6 0 Principal repayments 7 10 15 15 33 32 42 49 Long-term debt 3 3 14 10 20 19 29 34 IMF repurchases 4 7 1 5 13 13 13 16 Net flows on debt 108 64 43 108 151 80 70 66 of which short-term debt 2 0 -2 1 -4 -1 -3 -1 Interest payments (INT) 5 6 11 11 14 14 19 19 Long-term debt 3 4 10 10 13 13 18 18 IMF charges 0 1 0 0 1 1 0 0 Short-term debt 2 1 1 0 0 0 0 0 Net transfers on debt 103 58 32 97 137 66 52 48 Total debt service paid (TDS) 12 16 26 26 47 46 61 68 Long-term debt 6 7 24 20 33 32 47 52 IMF repurchases and charges 4 8 1 5 14 14 14 16 Short-term debt (interest only) 2 1 1 0 0 0 0 0 2. OTHER NET RESOURCE FLOWS (LONG-TERM) Net flow of long-term debt (ex. IMF) 101 58 31 95 161 94 80 83 Foreign direct investment (net) 9 33 115 924 713 478 705 700 Portfolio equity flows 0 0 0 0 0 0 0 0 Grants (excluding technical coop.) 147 121 61 105 117 220 261 205 of which: Debt forgiveness grants .. .. 10 13 27 15 13 7 IDA grants .. .. .. 0 0 1 7 5 Memo: technical coop. grants 58 63 31 33 42 44 46 45 Interest on long-term debt 3 4 10 10 13 13 18 18 Profit remittances on FDI 0 0 0 0 0 0 0 0 3. MAJOR ECONOMIC AGGREGATES Gross national income (GNI) 1,721 1,441 1,368 1,928 2,265 3,720 4,859 5,184 Exports of goods, serv. & inc. (XGS) 274 .. .. .. .. .. .. .. Worker remit. & comp. of employees 0 0 0 0 0 0 0 0 Imports of goods & services (MGS) 511 .. .. .. .. .. .. .. International reserves (RES) 132 147 114 223 192 227 231 632 Current account balance -46 .. .. .. .. .. .. .. 4. DEBT INDICATORS EDT / XGS (%) 192.9 .. .. .. .. .. .. .. EDT / GNI (%) 30.7 63.3 83.2 68.6 70.2 45.7 33.6 34.2 TDS / XGS (%) 4.4 .. .. .. .. .. .. .. INT / XGS (%) 1.9 .. .. .. .. .. .. .. INT / GNI (%) 0.3 0.4 0.8 0.6 0.6 0.4 0.4 0.4 RES / EDT (%) 25.0 16.1 10.0 16.8 12.1 13.3 14.2 35.7 RES / MGS (months) 3.1 .. .. .. .. .. .. .. Short-term / EDT (%) 5.6 2.2 2.5 1.9 1.4 1.4 1.0 1.0 Concessional / EDT (%) 76.9 77.1 81.3 82.5 81.8 83.6 85.5 86.4 Multilateral / EDT (%) 63.7 75.1 75.6 77.4 79.5 81.5 83.1 82.8 99 CHAD (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 5. LONG-TERM DEBT DEBT OUTSTANDING (LDOD) 469 843 1,031 1,191 1,462 1,582 1,537 1,686 Public and publicly guaranteed 469 843 1,031 1,191 1,462 1,582 1,537 1,686 Official creditors 460 841 1,016 1,178 1,428 1,549 1,505 1,653 Multilateral 337 685 861 1,024 1,264 1,387 1,357 1,467 Concessional 327 635 835 987 1,188 1,309 1,289 1,397 Bilateral 123 156 156 154 165 162 148 185 Concessional 80 69 90 105 113 114 107 134 Private creditors 9 2 15 13 33 33 32 33 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 Commercial banks and other 0 0 0 0 0 0 0 0 Memo: IBRD 0 0 0 9 31 37 35 30 IDA 186 379 515 623 773 874 864 925 Public sector LDOD 468 843 1,031 1,191 1,462 1,582 1,537 1,686 Private sector LDOD 0 0 0 0 0 0 0 0 DISBURSEMENTS 104 61 46 105 181 113 110 117 Public and publicly guaranteed 104 61 46 105 181 113 110 117 Official creditors 104 61 46 105 161 113 110 117 Multilateral 72 61 36 100 147 110 108 86 Concessional 70 61 36 98 111 104 106 83 Bilateral 32 0 10 5 14 3 2 31 Concessional 25 0 10 5 14 3 2 31 Private creditors 0 0 0 0 20 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 Commercial banks and other 0 0 0 0 0 0 0 0 Memo: IBRD 0 0 0 0 22 6 1 0 IDA 48 42 18 72 94 74 64 31 PRINCIPAL REPAYMENTS 3 3 14 10 20 19 29 34 Public and publicly guaranteed 3 3 14 10 20 19 29 34 Official creditors 3 3 14 9 20 19 28 33 Multilateral 3 3 11 7 11 14 21 26 Concessional 2 2 9 6 8 10 15 21 Bilateral 0 1 3 2 9 5 7 7 Concessional 0 0 2 1 5 4 6 6 Private creditors 1 0 1 1 0 0 1 1 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 Commercial banks and other 0 0 0 0 0 0 0 0 Memo: IBRD 0 0 0 0 0 0 2 5 IDA 1 1 4 2 2 4 4 11 INTEREST PAYMENTS (LINT) 3 4 10 10 13 13 18 18 Public and publicly guaranteed 3 4 10 10 13 13 18 18 Official creditors 3 4 9 10 13 13 18 18 Multilateral 2 4 6 8 9 10 14 14 Concessional 2 3 5 7 8 9 13 12 Bilateral 1 0 3 2 4 2 3 5 Concessional 1 0 1 2 2 1 2 3 Private creditors 0 0 0 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 Commercial banks and other 0 0 0 0 0 0 0 0 Memo: IBRD 0 0 0 0 0 1 1 2 IDA 1 3 3 3 4 7 6 7 100 CHAD (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 6. CURRENCY COMPOSITION OF PUBLIC AND PUBLICLY GUARANTEED DEBT (PERCENT) Euro .. .. .. 4.5 5.1 5.0 4.4 4.8 Japanese yen 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Pound sterling 0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Swiss franc 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 U.S.dollars 48.5 50.8 56.7 60.0 62.8 63.2 65.0 63.7 7. DEBT RESTRUCTURINGS Total amount rescheduled 8 56 0 1 0 0 0 0 Debt stock rescheduled 0 0 0 0 0 0 0 0 Principal rescheduled 3 2 0 1 0 0 0 0 Official 2 1 0 1 0 0 0 0 Private 1 1 0 0 0 0 0 0 Interest rescheduled 1 7 0 0 0 0 0 0 Official 1 7 0 0 0 0 0 0 Private 0 1 0 0 0 0 0 0 Debt forgiven 12 55 0 12 10 8 10 0 Memo: interest forgiven 0 8 0 4 3 1 6 0 Debt stock reduction 0 0 0 0 0 0 0 0 of which debt buyback 0 0 0 0 0 0 0 0 8. DEBT STOCK-FLOW RECONCILIATION Total change in debt stocks 126 75 -13 187 267 111 -69 139 Net flows on debt 108 64 43 108 151 80 70 66 Cross-currency valuation 8 -34 -43 63 95 48 -100 44 9. AVERAGE TERMS OF NEW COMMITMENTS ALL CREDITORS Interest (%) 1.7 1.0 0.7 0.6 0.9 1.0 1.1 0.0 Maturity (years) 30.3 38.0 40.5 31.4 38.5 38.8 28.3 40.0 Grace period (years) 9.2 8.7 10.1 8.1 9.6 9.8 5.2 1.0 Grant element (%) 66.4 75.2 80.7 72.4 77.3 77.3 65.4 75.8 Official creditors Interest (%) 1.7 1.0 0.7 0.8 0.9 1.0 1.1 0.0 Maturity (years) 30.3 38.0 40.5 34.8 38.5 38.8 28.3 40.0 Grace period (years) 9.2 8.7 10.1 8.9 9.6 9.8 5.2 1.0 Grant element (%) 66.4 75.2 80.7 75.8 77.3 77.3 65.4 75.8 Private creditors Interest (%) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Maturity (years) 0.0 0.0 0.0 13.5 0.0 0.0 0.0 0.0 Grace period (years) 0.0 0.0 0.0 3.8 0.0 0.0 0.0 0.0 Grant element (%) 0.0 0.0 0.0 54.4 0.0 0.0 0.0 0.0 10. CONTRACTUAL OBLIGATIONS ON OUTSTANDING LONG-TERM DEBT 2007 2008 2009 2010 2011 2012 2013 2014 TOTAL Principal 60 60 59 66 69 73 73 73 Interest 22 21 21 20 19 17 16 15 Official creditors Principal 56 57 55 62 67 71 71 71 Interest 22 21 21 20 19 17 16 15 Bilateral creditors Principal 11 11 10 11 13 13 12 12 Interest 7 6 6 6 5 5 4 4 Multilateral creditors Principal 45 45 45 51 54 58 58 59 Interest 15 15 15 14 13 13 12 11 Private creditors Principal 4 4 4 4 2 2 2 2 Interest 0 0 0 0 0 0 0 0 Notes: 101 CHILE (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 1. SUMMARY DEBT DATA TOTAL DEBT STOCKS (EDT) 19,226 22,038 37,289 41,219 42,820 43,803 45,370 47,977 Long-term debt (LDOD) 14,687 18,607 31,117 35,396 35,804 36,351 38,281 38,566 Public and publicly guaranteed 10,425 7,178 5,255 6,799 8,046 9,426 9,097 9,454 Private nonguaranteed 4,263 11,429 25,861 28,596 27,758 26,925 29,184 29,112 Use of IMF credit 1,156 0 0 0 0 0 0 0 Short-term debt 3,382 3,431 6,172 5,823 7,016 7,452 7,089 9,411 of which interest arrears on LDOD 0 0 0 0 0 0 0 0 Official creditors 0 0 0 0 0 0 0 0 Private creditors 0 0 0 0 0 0 0 0 Memorandum items Principal arrears on LDOD 0 0 0 0 0 0 0 0 Official creditors 0 0 0 0 0 0 0 0 Private creditors 0 0 0 0 0 0 0 0 TOTAL DEBT FLOWS Disbursements 2,253 3,821 4,979 7,092 6,841 8,388 9,156 12,153 Long-term debt 2,253 3,821 4,979 7,092 6,841 8,388 9,156 12,153 IMF purchases 0 0 0 0 0 0 0 0 Principal repayments 980 3,671 3,941 6,011 6,578 8,136 6,178 11,800 Long-term debt 771 3,369 3,941 6,011 6,578 8,136 6,178 11,800 IMF repurchases 208 303 0 0 0 0 0 0 Net flows on debt 1,682 -284 2,893 1,614 1,456 688 2,616 2,674 of which short-term debt 409 -434 1,855 533 1,193 436 -363 2,322 Interest payments (INT) 1,792 1,293 2,236 1,718 1,485 1,429 1,509 1,992 Long-term debt 1,364 1,114 2,082 1,592 1,286 1,275 1,289 1,651 IMF charges 118 13 0 0 0 0 0 0 Short-term debt 310 165 154 126 200 154 221 341 Net transfers on debt -110 -1,577 657 -104 -30 -742 1,107 682 Total debt service paid (TDS) 2,772 4,964 6,177 7,729 8,063 9,565 7,687 13,793 Long-term debt 2,135 4,483 6,023 7,603 7,864 9,411 7,466 13,452 IMF repurchases and charges 326 316 0 0 0 0 0 0 Short-term debt (interest only) 310 165 154 126 200 154 221 341 2. OTHER NET RESOURCE FLOWS (LONG-TERM) Net flow of long-term debt (ex. IMF) 1,481 452 1,038 1,081 263 252 2,979 352 Foreign direct investment (net) 661 2,957 4,860 2,550 4,307 7,173 6,667 7,952 Portfolio equity flows 367 -249 -427 -320 318 8 1,760 63 Grants (excluding technical coop.) 73 54 18 23 27 39 90 26 of which: Debt forgiveness grants .. .. 0 1 0 0 0 0 IDA grants .. .. .. 0 0 0 0 0 Memo: technical coop. grants 66 97 56 48 59 67 60 52 Interest on long-term debt 1,364 1,114 2,082 1,592 1,286 1,275 1,289 1,651 Profit remittances on FDI 387 2,178 2,539 2,447 4,611 8,231 11,377 20,409 3. MAJOR ECONOMIC AGGREGATES Gross national income (GNI) 29,800 68,637 72,876 64,413 69,525 88,004 108,299 126,438 Exports of goods, serv. & inc. (XGS) 10,705 20,226 24,891 23,679 28,286 40,537 50,769 68,963 Worker remit. & comp. of employees 1 0 13 12 12 12 13 3 Imports of goods & services (MGS) 11,387 21,883 26,346 24,842 29,670 39,535 51,245 67,063 International reserves (RES) 6,784 14,860 15,055 15,344 15,843 15,997 16,933 19,397 Current account balance -485 -1,350 -898 -580 -779 2,074 1,315 5,256 4. DEBT INDICATORS EDT / XGS (%) 179.6 109.0 149.8 174.1 151.4 108.1 89.4 69.6 EDT / GNI (%) 64.5 32.1 51.2 64.0 61.6 49.8 41.9 37.9 TDS / XGS (%) 25.9 24.5 24.8 32.6 28.5 23.6 15.1 20.0 INT / XGS (%) 16.7 6.4 9.0 7.3 5.3 3.5 3.0 2.9 INT / GNI (%) 6.0 1.9 3.1 2.7 2.1 1.6 1.4 1.6 RES / EDT (%) 35.3 67.4 40.4 37.2 37.0 36.5 37.3 40.4 RES / MGS (months) 7.1 8.1 6.9 7.4 6.4 4.9 4.0 3.5 Short-term / EDT (%) 17.6 15.6 16.6 14.1 16.4 17.0 15.6 19.6 Concessional / EDT (%) 1.9 1.5 1.0 0.8 0.8 0.7 0.6 0.6 Multilateral / EDT (%) 21.5 13.0 3.8 2.6 2.4 2.3 1.8 1.9 102 CHILE (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 5. LONG-TERM DEBT DEBT OUTSTANDING (LDOD) 14,687 18,607 31,117 35,396 35,804 36,351 38,281 38,566 Public and publicly guaranteed 10,425 7,178 5,255 6,799 8,046 9,426 9,097 9,454 Official creditors 5,182 3,582 1,915 1,477 1,437 1,335 1,113 1,173 Multilateral 4,143 2,871 1,406 1,088 1,049 1,015 827 897 Concessional 33 23 13 9 10 7 5 3 Bilateral 1,039 711 509 389 388 321 285 275 Concessional 334 308 348 300 319 314 284 273 Private creditors 5,242 3,596 3,341 5,322 6,609 8,091 7,984 8,282 of which: Bonds 39 0 0 2,390 4,254 5,362 5,406 5,938 Commercial banks 4,747 3,509 3,273 2,906 2,329 2,704 2,578 2,344 Private nonguaranteed 4,263 11,429 25,861 28,596 27,758 26,925 29,184 29,112 Bonds 0 866 6,339 7,174 4,529 4,951 4,761 4,779 Commercial banks and other 4,263 10,563 19,522 21,422 23,229 21,974 24,423 24,333 Memo: IBRD 1,860 1,372 808 556 422 441 289 346 IDA 14 11 7 6 5 4 4 3 Public sector LDOD 10,421 7,178 5,175 6,719 8,020 9,426 9,097 9,454 Private sector LDOD 4,267 11,429 25,941 28,676 27,785 26,925 29,184 29,112 DISBURSEMENTS 2,253 3,821 4,979 7,092 6,841 8,388 9,156 12,153 Public and publicly guaranteed 708 342 382 2,404 2,255 2,561 1,197 1,192 Official creditors 650 194 161 126 156 378 176 112 Multilateral 583 146 113 126 141 371 162 92 Concessional 0 0 0 0 0 0 0 0 Bilateral 67 48 47 1 15 7 14 20 Concessional 0 48 17 1 8 7 14 20 Private creditors 58 148 221 2,277 2,099 2,184 1,022 1,079 of which: Bonds 0 0 0 1,708 1,800 1,250 500 650 Commercial banks 37 141 221 544 299 934 522 429 Private nonguaranteed 1,545 3,479 4,597 4,688 4,586 5,827 7,959 10,961 Bonds 0 500 672 0 330 1,125 700 813 Commercial banks and other 1,545 2,979 3,925 4,688 4,256 4,702 7,259 10,148 Memo: IBRD 251 83 48 30 37 259 55 62 IDA 0 0 0 0 0 0 0 0 PRINCIPAL REPAYMENTS 771 3,369 3,941 6,011 6,578 8,136 6,178 11,800 Public and publicly guaranteed 500 2,277 760 1,270 1,129 1,217 1,466 840 Official creditors 356 2,003 280 438 246 485 374 63 Multilateral 263 1,884 177 376 199 406 345 23 Concessional 2 2 2 2 3 2 2 2 Bilateral 93 119 103 62 47 79 29 40 Concessional 32 29 34 30 13 17 24 40 Private creditors 144 273 480 832 883 732 1,093 777 of which: Bonds 7 0 0 0 0 171 422 118 Commercial banks 32 240 479 831 882 560 646 659 Private nonguaranteed 271 1,092 3,181 4,741 5,449 6,919 4,711 10,960 Bonds 0 11 0 94 434 752 195 765 Commercial banks and other 271 1,081 3,181 4,647 5,015 6,167 4,517 10,196 Memo: IBRD 119 704 115 202 173 240 206 5 IDA 1 1 1 1 1 1 1 1 INTEREST PAYMENTS (LINT) 1,364 1,114 2,082 1,592 1,286 1,275 1,289 1,651 Public and publicly guaranteed 1,112 653 377 213 364 400 459 491 Official creditors 384 387 139 101 76 51 50 49 Multilateral 313 348 112 87 65 44 43 43 Concessional 1 0 0 0 0 0 0 0 Bilateral 71 39 27 14 12 7 7 7 Concessional 9 6 9 6 6 5 7 7 Private creditors 729 266 239 112 287 349 409 442 of which: Bonds 2 0 0 0 192 265 299 313 Commercial banks 688 258 234 112 95 84 110 129 Private nonguaranteed 252 461 1,704 1,379 922 875 829 1,160 Bonds 0 26 440 552 351 349 347 359 Commercial banks and other 252 435 1,265 826 571 526 482 801 Memo: IBRD 130 137 70 50 35 18 16 17 IDA 0 0 0 0 0 0 0 0 103 CHILE (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 6. CURRENCY COMPOSITION OF PUBLIC AND PUBLICLY GUARANTEED DEBT (PERCENT) Euro .. .. .. 6.0 6.1 5.4 1.0 1.1 Japanese yen 8.2 9.5 5.5 2.8 2.0 0.9 0.7 2.7 Pound sterling 3.4 2.9 0.2 0.1 0.1 0.0 0.0 0.0 Swiss franc 0.6 0.9 0.1 0.0 0.0 0.0 0.0 0.0 U.S.dollars 40.2 42.0 83.7 87.8 89.1 92.9 97.7 95.6 7. DEBT RESTRUCTURINGS Total amount rescheduled 4,172 0 0 0 0 0 0 0 Debt stock rescheduled 4,168 0 0 0 0 0 0 0 Principal rescheduled 0 0 0 0 0 0 0 0 Official 0 0 0 0 0 0 0 0 Private 0 0 0 0 0 0 0 0 Interest rescheduled 0 0 0 0 0 0 0 0 Official 0 0 0 0 0 0 0 0 Private 0 0 0 0 0 0 0 0 Debt forgiven 0 0 0 0 0 0 0 0 Memo: interest forgiven 0 0 0 0 0 0 0 0 Debt stock reduction 1,100 145 0 0 0 0 0 0 of which debt buyback 0 0 0 0 0 0 0 0 8. DEBT STOCK-FLOW RECONCILIATION Total change in debt stocks 1,193 -117 2,474 2,588 1,602 983 1,567 2,607 Net flows on debt 1,682 -284 2,893 1,614 1,456 688 2,616 2,674 Cross-currency valuation 508 14 -61 25 289 8 62 123 9. AVERAGE TERMS OF NEW COMMITMENTS ALL CREDITORS Interest (%) 7.8 6.2 7.0 4.3 4.3 2.8 5.0 5.7 Maturity (years) 17.9 18.2 6.3 7.7 9.3 6.5 18.4 15.6 Grace period (years) 4.2 5.4 3.0 5.7 8.0 5.4 16.4 12.9 Grant element (%) 12.2 24.3 9.8 24.2 29.2 27.9 29.2 23.5 Official creditors Interest (%) 7.7 6.1 1.0 4.1 1.6 1.8 4.1 4.8 Maturity (years) 18.8 19.5 17.0 13.6 19.4 8.3 12.9 10.4 Grace period (years) 4.3 5.8 1.5 3.9 5.2 4.5 4.7 6.5 Grant element (%) 13.1 26.2 49.1 31.3 47.7 35.1 31.2 27.7 Private creditors Interest (%) 9.3 6.8 7.0 4.4 4.4 2.9 5.1 5.8 Maturity (years) 7.6 10.9 6.3 7.3 9.1 6.2 19.2 15.7 Grace period (years) 2.3 3.0 3.0 5.8 8.0 5.6 18.2 13.0 Grant element (%) 1.7 14.5 9.7 23.6 28.7 26.9 28.9 23.5 10. CONTRACTUAL OBLIGATIONS ON OUTSTANDING LONG-TERM DEBT 2007 2008 2009 2010 2011 2012 2013 2014 TOTAL Principal 7,352 4,988 5,244 2,708 4,134 3,107 2,632 2,535 Interest 1,706 1,375 1,230 991 815 617 441 327 Official creditors Principal 87 275 81 150 128 62 61 59 Interest 53 47 42 39 34 29 27 24 Bilateral creditors Principal 46 30 32 32 11 11 12 9 Interest 4 3 3 3 2 2 2 1 Multilateral creditors Principal 41 245 49 118 117 51 49 49 Interest 49 44 39 36 31 27 25 22 Private creditors Principal 7,264 4,713 5,163 2,558 4,006 3,045 2,571 2,476 Interest 1,653 1,328 1,188 952 781 587 415 303 Notes: Short-term debt is based on reports provided by the country. 104 CHINA (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 1. SUMMARY DEBT DATA TOTAL DEBT STOCKS (EDT) 55,301 118,090 145,729 186,132 208,452 247,701 281,612 322,845 Long-term debt (LDOD) 45,515 95,764 132,649 120,452 120,359 131,931 133,345 149,468 Public and publicly guaranteed 45,515 94,674 94,860 88,613 85,329 89,773 82,853 85,802 Private nonguaranteed 0 1,090 37,789 31,839 35,030 42,158 50,492 63,666 Use of IMF credit 469 0 0 0 0 0 0 0 Short-term debt 9,317 22,325 13,080 65,680 88,093 115,770 148,267 173,377 of which interest arrears on LDOD 0 0 0 0 0 0 0 0 Official creditors 0 0 0 0 0 0 0 0 Private creditors 0 0 0 0 0 0 0 0 Memorandum items Principal arrears on LDOD 0 0 0 0 0 0 0 0 Official creditors 0 0 0 0 0 0 0 0 Private creditors 0 0 0 0 0 0 0 0 TOTAL DEBT FLOWS Disbursements 9,665 21,985 16,777 19,058 25,421 24,181 26,837 26,524 Long-term debt 9,665 21,985 16,777 19,058 25,421 24,181 26,837 26,524 IMF purchases 0 0 0 0 0 0 0 0 Principal repayments 3,809 9,070 19,925 24,715 29,869 16,289 20,848 18,122 Long-term debt 3,319 9,070 19,925 24,715 29,869 16,289 20,848 18,122 IMF repurchases 490 0 0 0 0 0 0 0 Net flows on debt 8,267 17,758 -5,248 3,723 13,772 35,569 38,485 33,512 of which short-term debt 2,410 4,842 -2,100 9,380 18,409 27,677 32,497 25,110 Interest payments (INT) 3,248 5,996 7,167 6,371 7,121 6,967 6,513 9,755 Long-term debt 2,534 4,657 5,999 4,232 4,499 4,004 3,211 3,714 IMF charges 65 0 0 0 0 0 0 0 Short-term debt 649 1,340 1,168 2,139 2,622 2,963 3,302 6,041 Net transfers on debt 5,018 11,761 -12,415 -2,648 6,650 28,602 31,972 23,757 Total debt service paid (TDS) 7,057 15,066 27,092 31,085 36,990 23,256 27,361 27,877 Long-term debt 5,853 13,726 25,924 28,946 34,369 20,294 24,059 21,836 IMF repurchases and charges 555 0 0 0 0 0 0 0 Short-term debt (interest only) 649 1,340 1,168 2,139 2,622 2,963 3,302 6,041 2. OTHER NET RESOURCE FLOWS (LONG-TERM) Net flow of long-term debt (ex. IMF) 6,346 12,915 -3,148 -5,657 -4,448 7,892 5,988 8,402 Foreign direct investment (net) 3,487 35,849 38,399 49,308 47,077 54,936 79,127 78,095 Portfolio equity flows 0 0 6,912 2,249 7,729 10,923 20,346 42,861 Grants (excluding technical coop.) 249 330 305 314 346 406 370 363 of which: Debt forgiveness grants .. .. 0 0 0 0 0 0 IDA grants .. .. .. 0 0 0 0 0 Memo: technical coop. grants 384 563 537 565 789 883 862 985 Interest on long-term debt 2,534 4,657 5,999 4,232 4,499 4,004 3,211 3,714 Profit remittances on FDI 46 9,953 20,198 17,823 17,353 17,415 21,040 29,236 3. MAJOR ECONOMIC AGGREGATES Gross national income (GNI) 355,699 716,237 1,183,815 1,438,886 1,633,123 1,928,118 2,254,487 2,656,436 Exports of goods, serv. & inc. (XGS) 60,515 152,781 292,668 375,419 504,441 680,998 881,342 1,119,752 Worker remit. & comp. of employees 210 1,053 6,244 13,012 17,815 19,014 20,337 23,319 Imports of goods & services (MGS) 48,668 152,248 277,904 351,302 472,857 630,610 740,414 892,255 International reserves (RES) 34,476 80,288 171,763 297,739 416,199 622,949 831,410 1,080,756 Current account balance 11,997 1,618 20,518 35,422 45,875 68,659 160,818 249,866 4. DEBT INDICATORS EDT / XGS (%) 91.4 77.3 49.8 49.6 41.3 36.4 32.0 28.8 EDT / GNI (%) 15.5 16.5 12.3 12.9 12.8 12.8 12.5 12.2 TDS / XGS (%) 11.7 9.9 9.3 8.3 7.3 3.4 3.1 2.5 INT / XGS (%) 5.4 3.9 2.4 1.7 1.4 1.0 0.7 0.9 INT / GNI (%) 0.9 0.8 0.6 0.4 0.4 0.4 0.3 0.4 RES / EDT (%) 62.3 68.0 117.9 160.0 199.7 251.5 295.2 334.8 RES / MGS (months) 8.5 6.3 7.4 10.2 10.6 11.9 13.5 14.5 Short-term / EDT (%) 16.8 18.9 9.0 35.3 42.3 46.7 52.6 53.7 Concessional / EDT (%) 17.6 15.2 20.8 16.1 15.6 15.6 11.8 10.9 Multilateral / EDT (%) 11.1 13.8 17.7 14.7 12.6 10.7 9.4 8.6 *Includes central government debt, other public sector which is not guaranteed, and private sector debt which is guaranteed by a public entity. 105 CHINA (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 5. LONG-TERM DEBT DEBT OUTSTANDING (LDOD) 45,515 95,764 132,649 120,452 120,359 131,931 133,345 149,468 Public and publicly guaranteed 45,515 94,674 94,860 88,613 85,329 89,773 82,853 85,802 Official creditors 14,514 36,982 50,393 50,822 51,385 57,270 52,232 55,350 Multilateral 6,111 16,302 25,811 27,421 26,236 26,525 26,413 27,738 Concessional 3,119 7,180 8,821 9,457 10,350 10,670 9,741 9,997 Bilateral 8,403 20,680 24,582 23,401 25,149 30,745 25,819 27,612 Concessional 6,599 10,792 21,444 20,497 22,242 27,889 23,375 25,268 Private creditors 31,001 57,693 44,467 37,791 33,944 32,503 30,621 30,452 of which: Bonds 5,425 10,684 11,371 10,568 11,167 13,769 13,831 14,134 Commercial banks 14,520 23,869 10,619 6,062 5,119 3,434 3,064 3,580 Private nonguaranteed 0 1,090 37,789 31,839 35,030 42,158 50,492 63,666 Bonds 0 1,090 1,068 1,540 1,620 2,326 3,574 5,279 Commercial banks and other 0 0 36,721 30,299 33,410 39,832 46,918 58,387 Memo: IBRD 2,865 7,209 11,118 11,254 10,657 11,035 11,140 11,415 IDA 3,016 7,038 8,771 9,423 10,314 10,670 9,741 9,997 Public sector LDOD 45,449 93,573 94,860 88,613 85,329 89,773 82,594 85,558 Private sector LDOD 66 2,192 37,789 31,839 35,030 42,158 50,751 63,910 DISBURSEMENTS 9,665 21,985 16,777 19,058 25,421 24,181 26,837 26,524 Public and publicly guaranteed 9,665 21,441 9,695 4,671 4,805 6,605 7,385 6,278 Official creditors 2,578 9,073 5,791 3,269 2,582 2,513 2,169 3,588 Multilateral 1,158 2,838 3,303 2,628 2,308 1,757 2,010 2,153 Concessional 511 822 424 212 143 69 70 34 Bilateral 1,420 6,235 2,487 641 273 756 159 1,434 Concessional 1,022 1,533 1,880 463 255 752 159 1,434 Private creditors 7,087 12,368 3,904 1,402 2,223 4,093 5,215 2,690 of which: Bonds 277 1,224 848 100 1,606 3,747 2,000 0 Commercial banks 3,247 4,977 131 115 65 75 1,978 17 Private nonguaranteed 0 544 7,082 14,387 20,616 17,576 19,452 20,246 Bonds 0 544 390 90 175 737 1,622 1,945 Commercial banks and other 0 0 6,692 14,297 20,441 16,839 17,830 18,301 Memo: IBRD 591 1,457 1,528 1,812 1,475 1,119 1,061 1,134 IDA 507 812 379 208 141 69 70 34 PRINCIPAL REPAYMENTS 3,319 9,070 19,925 24,715 29,869 16,289 20,848 18,122 Public and publicly guaranteed 3,319 9,070 10,798 9,940 10,279 4,906 6,571 6,522 Official creditors 851 1,171 4,271 4,476 5,739 2,459 1,325 2,686 Multilateral 220 420 1,400 3,123 4,514 1,531 1,195 1,333 Concessional 0 19 317 123 150 222 217 243 Bilateral 631 751 2,871 1,353 1,225 928 130 1,353 Concessional 145 315 2,355 1,113 1,076 828 97 1,212 Private creditors 2,468 7,899 6,527 5,464 4,540 2,446 5,246 3,836 of which: Bonds 325 1,451 443 1,165 507 769 550 0 Commercial banks 808 2,645 2,016 740 962 271 1,936 149 Private nonguaranteed 0 0 9,127 14,775 19,590 11,384 14,277 11,600 Bonds 0 0 534 80 110 26 370 240 Commercial banks and other 0 0 8,593 14,695 19,480 11,358 13,907 11,360 Memo: IBRD 216 350 578 2,389 2,312 813 787 901 IDA 0 14 66 113 147 186 217 243 INTEREST PAYMENTS (LINT) 2,534 4,657 5,999 4,232 4,499 4,004 3,211 3,714 Public and publicly guaranteed 2,534 4,623 4,075 3,077 3,178 3,050 2,194 2,200 Official creditors 531 1,288 2,387 1,669 1,600 1,860 1,376 1,428 Multilateral 226 619 1,518 1,149 805 866 680 935 Concessional 20 53 69 68 73 78 79 74 Bilateral 305 669 869 520 795 994 696 493 Concessional 193 324 635 418 617 790 535 421 Private creditors 2,003 3,335 1,688 1,408 1,578 1,190 818 771 of which: Bonds 367 594 521 413 470 328 422 406 Commercial banks 959 1,333 222 220 118 294 71 70 Private nonguaranteed 0 33 1,924 1,155 1,321 954 1,017 1,514 Bonds 0 33 93 119 123 122 248 343 Commercial banks and other 0 0 1,831 1,036 1,198 832 769 1,171 Memo: IBRD 200 460 713 593 378 242 351 542 IDA 19 49 65 67 72 78 79 74 106 CHINA (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 6. CURRENCY COMPOSITION OF PUBLIC AND PUBLICLY GUARANTEED DEBT (PERCENT) Euro .. .. .. 5.7 7.2 9.0 8.3 8.6 Japanese yen 30.4 20.7 16.9 15.4 16.7 15.9 13.9 12.4 Pound sterling 0.7 0.2 0.1 0.1 0.1 0.1 0.1 0.1 Swiss franc 0.2 0.0 0.1 0.1 0.1 0.1 0.1 0.1 U.S.dollars 29.1 58.1 71.4 72.4 71.2 70.8 73.9 75.6 7. DEBT RESTRUCTURINGS Total amount rescheduled 0 0 0 0 0 0 0 0 Debt stock rescheduled 0 0 0 0 0 0 0 0 Principal rescheduled 0 0 0 0 0 0 0 0 Official 0 0 0 0 0 0 0 0 Private 0 0 0 0 0 0 0 0 Interest rescheduled 0 0 0 0 0 0 0 0 Official 0 0 0 0 0 0 0 0 Private 0 0 0 0 0 0 0 0 Debt forgiven 0 0 0 0 0 0 0 0 Memo: interest forgiven 0 0 0 0 0 0 0 0 Debt stock reduction 0 0 0 0 0 0 0 0 of which debt buyback 0 0 0 0 0 0 0 0 8. DEBT STOCK-FLOW RECONCILIATION Total change in debt stocks 10,369 17,633 -6,356 1,312 22,320 39,249 33,911 41,233 Net flows on debt 8,267 17,758 -5,248 3,723 13,772 35,569 38,485 33,512 Cross-currency valuation 1,415 -375 -3,118 3,370 3,910 1,431 -3,683 1,194 9. AVERAGE TERMS OF NEW COMMITMENTS ALL CREDITORS Interest (%) 7.5 6.5 6.6 5.7 3.5 3.8 4.7 6.2 Maturity (years) 16.6 11.8 15.8 17.1 15.5 14.4 14.0 18.5 Grace period (years) 3.9 2.9 2.5 3.0 5.9 6.9 4.8 4.3 Grant element (%) 15.6 15.4 17.3 25.2 39.7 38.1 28.3 22.8 Official creditors Interest (%) 3.7 6.8 7.2 4.2 2.1 2.4 4.2 5.9 Maturity (years) 27.9 18.3 21.1 20.7 21.9 22.3 22.5 21.1 Grace period (years) 7.9 3.7 4.9 5.0 5.4 5.2 5.5 5.7 Grant element (%) 49.2 19.0 17.5 38.1 54.4 52.6 40.4 27.1 Private creditors Interest (%) 8.6 6.3 6.4 6.5 4.9 4.7 5.0 7.0 Maturity (years) 13.3 7.3 14.2 14.9 9.5 9.3 9.5 12.4 Grace period (years) 2.7 2.4 1.8 1.8 6.4 8.0 4.5 0.9 Grant element (%) 5.7 12.9 17.3 17.2 25.7 28.8 22.0 12.5 10. CONTRACTUAL OBLIGATIONS ON OUTSTANDING LONG-TERM DEBT 2007 2008 2009 2010 2011 2012 2013 2014 TOTAL Principal 25,407 22,013 18,367 15,573 18,070 10,043 10,646 8,810 Interest 7,003 5,934 4,998 4,135 3,227 2,666 2,129 1,708 Official creditors Principal 6,850 4,984 4,744 4,678 4,498 4,551 4,327 4,222 Interest 2,408 2,243 2,106 1,947 1,778 1,595 1,398 1,195 Bilateral creditors Principal 5,147 3,170 2,870 2,625 2,276 2,196 2,001 1,962 Interest 1,167 972 829 691 574 469 369 273 Multilateral creditors Principal 1,703 1,815 1,874 2,053 2,222 2,355 2,326 2,260 Interest 1,241 1,272 1,277 1,255 1,204 1,126 1,029 922 Private creditors Principal 18,558 17,029 13,622 10,895 13,572 5,491 6,318 4,588 Interest 4,595 3,690 2,892 2,188 1,449 1,071 732 512 Notes: Data on long-term public and publicly guaranteed, short-term and private nonguaranteed debt for 2006 are based on aggregate information provided by the authorities. 107 COLOMBIA (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 1. SUMMARY DEBT DATA TOTAL DEBT STOCKS (EDT) 17,222 25,044 33,930 33,204 36,997 37,910 37,656 39,698 Long-term debt (LDOD) 15,784 19,499 31,059 29,545 33,441 32,790 31,480 34,876 Public and publicly guaranteed 14,671 13,946 20,800 20,669 22,783 23,771 22,491 25,764 Private nonguaranteed 1,113 5,553 10,259 8,876 10,657 9,019 8,989 9,112 Use of IMF credit 0 0 0 0 0 0 0 0 Short-term debt 1,438 5,545 2,871 3,659 3,556 5,120 6,176 4,822 of which interest arrears on LDOD 28 2 0 0 0 0 0 0 Official creditors 17 0 0 0 0 0 0 0 Private creditors 11 2 0 0 0 0 0 0 Memorandum items Principal arrears on LDOD 409 177 8 0 0 0 0 0 Official creditors 42 85 0 0 0 0 0 0 Private creditors 367 92 8 0 0 0 0 0 TOTAL DEBT FLOWS Disbursements 1,994 4,179 3,803 3,319 6,935 4,416 6,372 8,887 Long-term debt 1,994 4,179 3,803 3,319 6,935 4,416 6,372 8,887 IMF purchases 0 0 0 0 0 0 0 0 Principal repayments 2,189 2,347 2,901 4,620 6,198 5,249 7,366 7,920 Long-term debt 2,189 2,347 2,901 4,620 6,198 5,249 7,366 7,920 IMF repurchases 0 0 0 0 0 0 0 0 Net flows on debt -399 2,894 -192 -929 634 731 63 -387 of which short-term debt -204 1,062 -1,094 372 -103 1,564 1,056 -1,354 Interest payments (INT) 1,701 1,998 2,204 2,224 2,447 2,440 2,806 2,719 Long-term debt 1,558 1,687 2,032 2,064 2,295 2,262 2,553 2,500 IMF charges 0 0 0 0 0 0 0 0 Short-term debt 143 311 172 160 152 178 254 220 Net transfers on debt -2,100 897 -2,395 -3,153 -1,813 -1,708 -2,743 -3,106 Total debt service paid (TDS) 3,889 4,345 5,105 6,844 8,645 7,688 10,172 10,640 Long-term debt 3,746 4,034 4,932 6,684 8,493 7,510 9,919 10,420 IMF repurchases and charges 0 0 0 0 0 0 0 0 Short-term debt (interest only) 143 311 172 160 152 178 254 220 2. OTHER NET RESOURCE FLOWS (LONG-TERM) Net flow of long-term debt (ex. IMF) -195 1,832 903 -1,301 737 -832 -994 967 Foreign direct investment (net) 500 968 2,395 2,139 1,758 3,117 10,375 6,463 Portfolio equity flows 0 165 17 17 -52 130 86 -30 Grants (excluding technical coop.) 35 74 79 98 104 141 190 245 of which: Debt forgiveness grants .. .. 0 0 0 8 0 0 IDA grants .. .. .. 0 0 0 0 0 Memo: technical coop. grants 79 98 182 413 768 477 531 780 Interest on long-term debt 1,558 1,687 2,032 2,064 2,295 2,262 2,553 2,500 Profit remittances on FDI 964 359 655 1,058 1,515 2,433 3,565 4,664 3. MAJOR ECONOMIC AGGREGATES Gross national income (GNI) 38,193 90,924 81,463 78,427 82,049 110,876 128,178 147,422 Exports of goods, serv. & inc. (XGS) 9,514 13,781 18,403 17,354 19,346 23,320 28,781 33,968 Worker remit. & comp. of employees 495 815 1,610 2,480 3,076 3,190 3,345 3,928 Imports of goods & services (MGS) 9,510 18,286 17,728 18,964 20,569 24,780 31,431 37,879 International reserves (RES) 4,869 8,452 9,006 10,844 10,920 13,537 14,955 15,437 Current account balance 542 -4,516 770 -1,357 -974 -906 -1,881 -3,057 4. DEBT INDICATORS EDT / XGS (%) 181.0 181.7 184.4 191.3 191.2 162.6 130.8 116.9 EDT / GNI (%) 45.1 27.5 41.7 42.3 45.1 34.2 29.4 26.9 TDS / XGS (%) 40.9 31.5 27.7 39.4 44.7 33.0 35.3 31.3 INT / XGS (%) 17.9 14.5 12.0 12.8 12.6 10.5 9.8 8.0 INT / GNI (%) 4.5 2.2 2.7 2.8 3.0 2.2 2.2 1.8 RES / EDT (%) 28.3 33.7 26.5 32.7 29.5 35.7 39.7 38.9 RES / MGS (months) 6.1 5.5 6.1 6.9 6.4 6.6 5.7 4.9 Short-term / EDT (%) 8.4 22.1 8.5 11.0 9.6 13.5 16.4 12.1 Concessional / EDT (%) 5.7 3.9 2.8 2.8 3.0 2.8 2.5 2.6 Multilateral / EDT (%) 35.4 21.2 18.5 22.9 27.3 27.5 25.5 27.3 108 COLOMBIA (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 5. LONG-TERM DEBT DEBT OUTSTANDING (LDOD) 15,784 19,499 31,059 29,545 33,441 32,790 31,480 34,876 Public and publicly guaranteed 14,671 13,946 20,800 20,669 22,783 23,771 22,491 25,764 Official creditors 8,540 7,063 7,722 8,941 11,332 11,462 10,514 11,657 Multilateral 6,103 5,316 6,274 7,607 10,085 10,410 9,615 10,843 Concessional 219 161 102 75 273 373 351 450 Bilateral 2,437 1,747 1,448 1,334 1,247 1,052 899 814 Concessional 769 814 860 853 838 701 606 572 Private creditors 6,131 6,883 13,077 11,728 11,452 12,309 11,977 14,107 of which: Bonds 275 1,733 8,201 9,623 9,664 10,741 10,864 12,921 Commercial banks 4,208 4,163 4,245 1,516 1,292 1,143 799 1,035 Private nonguaranteed 1,113 5,553 10,259 8,876 10,657 9,019 8,989 9,112 Bonds 0 717 762 658 376 370 370 540 Commercial banks and other 1,113 4,836 9,497 8,218 10,282 8,649 8,619 8,572 Memo: IBRD 3,859 2,548 1,920 2,348 3,241 3,490 3,896 4,563 IDA 14 11 7 6 5 5 4 3 Public sector LDOD 14,630 13,945 20,798 20,668 22,782 23,770 22,490 25,761 Private sector LDOD 1,154 5,555 10,261 8,877 10,658 9,020 8,990 9,115 DISBURSEMENTS 1,994 4,179 3,803 3,319 6,935 4,416 6,372 8,887 Public and publicly guaranteed 1,847 1,569 2,939 2,025 5,654 2,884 4,252 5,353 Official creditors 697 685 660 980 3,312 1,173 1,467 2,239 Multilateral 559 394 508 912 3,288 1,169 1,467 2,221 Concessional 3 0 0 0 180 118 3 152 Bilateral 139 290 152 68 24 4 0 18 Concessional 26 70 97 56 15 4 0 18 Private creditors 1,150 885 2,279 1,045 2,342 1,711 2,784 3,114 of which: Bonds 0 535 1,804 500 2,047 1,375 2,180 2,468 Commercial banks 874 257 469 465 268 292 591 645 Private nonguaranteed 147 2,610 865 1,294 1,281 1,533 2,121 3,535 Bonds 0 592 0 0 0 170 0 170 Commercial banks and other 147 2,018 865 1,294 1,281 1,363 2,121 3,365 Memo: IBRD 213 238 266 480 987 455 705 942 IDA 0 0 0 0 0 0 0 0 PRINCIPAL REPAYMENTS 2,189 2,347 2,901 4,620 6,198 5,249 7,366 7,920 Public and publicly guaranteed 1,875 2,200 2,068 3,326 3,944 2,083 4,674 3,978 Official creditors 737 1,110 557 960 1,260 1,089 2,189 1,125 Multilateral 527 647 440 852 1,118 943 2,072 1,005 Concessional 12 13 13 14 15 19 22 53 Bilateral 210 463 116 108 142 146 117 119 Concessional 36 39 44 43 84 87 64 60 Private creditors 1,138 1,090 1,512 2,366 2,683 994 2,485 2,853 of which: Bonds 4 119 469 1,190 2,070 441 1,684 1,996 Commercial banks 849 723 839 990 491 438 681 692 Private nonguaranteed 314 147 832 1,294 2,254 3,165 2,692 3,942 Bonds 0 0 110 0 282 176 0 0 Commercial banks and other 314 147 722 1,294 1,972 2,990 2,692 3,942 Memo: IBRD 434 414 242 231 211 255 218 259 IDA 1 1 1 1 1 1 1 1 INTEREST PAYMENTS (LINT) 1,558 1,687 2,032 2,064 2,295 2,262 2,553 2,500 Public and publicly guaranteed 1,240 962 1,414 1,568 1,630 1,636 1,915 1,748 Official creditors 627 505 541 503 537 540 569 578 Multilateral 476 388 470 448 489 497 529 543 Concessional 6 4 3 2 2 10 19 24 Bilateral 150 118 71 55 49 43 39 35 Concessional 19 25 26 24 22 19 18 16 Private creditors 613 457 873 1,065 1,093 1,096 1,347 1,170 of which: Bonds 27 58 515 932 998 1,009 1,253 1,090 Commercial banks 461 310 298 92 61 58 69 64 Private nonguaranteed 318 725 618 495 665 625 637 751 Bonds 0 15 84 75 75 38 36 43 Commercial banks and other 318 710 534 420 590 587 601 709 Memo: IBRD 318 190 126 115 146 152 174 210 IDA 0 0 0 0 0 0 0 0 109 COLOMBIA (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 6. CURRENCY COMPOSITION OF PUBLIC AND PUBLICLY GUARANTEED DEBT (PERCENT) Euro .. .. .. 9.6 6.2 6.3 3.9 3.4 Japanese yen 4.9 5.6 3.6 3.8 2.3 1.7 1.6 1.3 Pound sterling 0.3 0.1 0.8 0.8 0.8 0.9 0.8 0.8 Swiss franc 0.3 0.2 0.0 0.0 0.1 0.0 0.0 0.0 U.S.dollars 44.0 49.9 74.4 72.9 79.2 81.4 85.4 88.5 7. DEBT RESTRUCTURINGS Total amount rescheduled 0 0 0 0 0 0 0 0 Debt stock rescheduled 0 0 0 0 0 0 0 0 Principal rescheduled 0 0 0 0 0 0 0 0 Official 0 0 0 0 0 0 0 0 Private 0 0 0 0 0 0 0 0 Interest rescheduled 0 0 0 0 0 0 0 0 Official 0 0 0 0 0 0 0 0 Private 0 0 0 0 0 0 0 0 Debt forgiven 2 0 0 0 0 0 0 0 Memo: interest forgiven 0 0 0 0 0 0 0 0 Debt stock reduction 0 0 0 0 0 0 0 0 of which debt buyback 0 0 0 0 0 0 0 0 8. DEBT STOCK-FLOW RECONCILIATION Total change in debt stocks 336 3,106 -491 -3,041 3,793 913 -254 2,042 Net flows on debt -399 2,894 -192 -929 634 731 63 -387 Cross-currency valuation 494 315 -364 646 704 426 -261 1,428 9. AVERAGE TERMS OF NEW COMMITMENTS ALL CREDITORS Interest (%) 8.0 4.8 7.9 7.7 5.4 6.6 6.6 5.1 Maturity (years) 16.5 11.7 10.7 9.2 12.4 14.8 13.5 18.2 Grace period (years) 4.6 4.3 6.2 6.0 8.4 9.2 8.6 5.9 Grant element (%) 12.2 23.6 4.7 9.2 23.0 22.6 20.6 30.8 Official creditors Interest (%) 7.5 6.4 8.6 4.1 3.7 4.3 4.9 5.0 Maturity (years) 18.7 20.4 12.6 13.8 10.7 17.2 16.0 18.0 Grace period (years) 5.4 4.8 3.7 3.9 4.8 6.5 6.0 5.5 Grant element (%) 15.5 23.3 7.4 31.1 32.1 36.1 31.7 30.9 Private creditors Interest (%) 9.3 3.8 7.7 8.9 8.8 9.0 7.8 7.4 Maturity (years) 10.2 6.1 10.2 7.8 16.0 12.3 11.7 26.3 Grace period (years) 2.2 4.0 7.0 6.6 15.8 12.1 10.4 26.0 Grant element (%) 2.3 23.9 3.9 1.9 4.1 8.3 12.8 22.5 10. CONTRACTUAL OBLIGATIONS ON OUTSTANDING LONG-TERM DEBT 2007 2008 2009 2010 2011 2012 2013 2014 TOTAL Principal 3,551 4,192 3,428 4,579 1,959 2,187 1,706 2,978 Interest 2,380 2,116 1,909 1,637 1,375 1,263 1,091 997 Official creditors Principal 930 937 886 985 1,053 936 1,019 1,164 Interest 660 618 571 526 472 416 366 311 Bilateral creditors Principal 111 109 111 87 70 30 27 28 Interest 32 27 22 16 12 8 7 6 Multilateral creditors Principal 819 827 775 898 983 906 992 1,136 Interest 627 591 550 509 460 408 359 304 Private creditors Principal 2,621 3,256 2,542 3,594 906 1,251 687 1,814 Interest 1,720 1,498 1,338 1,112 903 847 725 686 Notes: 110 COMOROS (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 1. SUMMARY DEBT DATA TOTAL DEBT STOCKS (EDT) 187.8 214.5 236.6 274.6 293.1 306.9 290.7 281.8 Long-term debt (LDOD) 175.4 201.2 206.9 244.6 265.4 273.2 257.3 259.8 Public and publicly guaranteed 175.4 201.2 206.9 244.6 265.4 273.2 257.3 259.8 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Use of IMF credit 0.0 3.3 1.5 0.6 0.2 0.0 0.0 0.0 Short-term debt 12.4 10.0 28.1 29.4 27.5 33.7 33.4 22.0 of which interest arrears on LDOD 12.2 8.0 19.1 23.4 26.5 30.7 30.4 18.0 Official creditors 12.2 8.0 19.1 23.4 26.5 30.7 30.4 18.0 Private creditors 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memorandum items Principal arrears on LDOD 25.5 26.7 60.2 66.9 67.5 77.3 73.5 78.0 Official creditors 25.5 26.7 60.2 66.9 67.5 77.3 73.5 78.0 Private creditors 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 TOTAL DEBT FLOWS Disbursements 5.1 9.6 2.1 12.2 9.6 3.2 2.7 3.0 Long-term debt 5.1 9.6 2.1 12.2 9.6 3.2 2.7 3.0 IMF purchases 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal repayments 0.2 0.4 1.8 4.1 2.1 2.2 2.6 2.3 Long-term debt 0.2 0.4 1.2 3.8 1.8 2.0 2.6 2.3 IMF repurchases 0.0 0.0 0.6 0.4 0.4 0.2 0.0 0.0 Net flows on debt 1.8 11.2 2.3 11.1 2.6 3.0 0.1 1.7 of which short-term debt -3.0 2.0 2.0 3.0 -4.9 1.9 0.0 1.0 Interest payments (INT) 0.9 0.6 1.4 0.9 0.9 1.1 1.4 1.3 Long-term debt 0.7 0.5 0.8 0.8 0.8 1.0 1.3 1.1 IMF charges 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Short-term debt 0.2 0.1 0.6 0.1 0.1 0.1 0.2 0.2 Net transfers on debt 0.9 10.6 0.9 10.1 1.7 1.9 -1.3 0.4 Total debt service paid (TDS) 1.1 1.0 3.2 5.0 3.0 3.3 4.0 3.6 Long-term debt 1.0 0.9 2.0 4.6 2.6 3.0 3.8 3.4 IMF repurchases and charges 0.0 0.0 0.6 0.4 0.4 0.2 0.0 0.0 Short-term debt (interest only) 0.2 0.1 0.6 0.1 0.1 0.1 0.2 0.2 2. OTHER NET RESOURCE FLOWS (LONG-TERM) Net flow of long-term debt (ex. IMF) 4.8 9.2 0.9 8.4 7.9 1.3 0.1 0.7 Foreign direct investment (net) 0.4 0.9 0.1 0.4 1.0 -0.1 1.0 0.8 Portfolio equity flows 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Grants (excluding technical coop.) 27.7 17.8 10.7 13.0 7.3 13.4 13.9 18.1 of which: Debt forgiveness grants .. .. 1.7 1.7 2.0 2.2 2.2 2.2 IDA grants .. .. .. 0.0 0.0 0.0 0.0 0.0 Memo: technical coop. grants 15.8 14.6 8.4 10.3 12.0 12.6 13.1 13.7 Interest on long-term debt 0.7 0.5 0.8 0.8 0.8 1.0 1.3 1.1 Profit remittances on FDI 0.6 0.2 0.0 0.0 0.0 0.0 0.0 0.0 3. MAJOR ECONOMIC AGGREGATES Gross national income (GNI) 249.3 232.9 202.2 250.4 323.2 360.2 384.6 400.8 Exports of goods, serv. & inc. (XGS) 48.1 61.4 .. .. .. .. .. .. Worker remit. & comp. of employees 10.0 12.0 12.0 12.0 12.0 12.0 12.0 12.0 Imports of goods & services (MGS) 93.4 105.7 .. .. .. .. .. .. International reserves (RES) 29.9 44.9 43.4 80.1 94.5 104.0 86.1 93.9 Current account balance -10.5 -19.0 .. .. .. .. .. .. 4. DEBT INDICATORS EDT / XGS (%) 390.5 349.2 .. .. .. .. .. .. EDT / GNI (%) 75.3 92.1 117.0 109.7 90.7 85.2 75.6 70.3 TDS / XGS (%) 2.3 1.6 .. .. .. .. .. .. INT / XGS (%) 1.8 0.9 .. .. .. .. .. .. INT / GNI (%) 0.3 0.2 0.7 0.4 0.3 0.3 0.4 0.3 RES / EDT (%) 15.9 20.9 18.3 29.2 32.3 33.9 29.6 33.3 RES / MGS (months) 3.8 5.1 .. .. .. .. .. .. Short-term / EDT (%) 6.6 4.7 11.9 10.7 9.4 11.0 11.5 7.8 Concessional / EDT (%) 86.1 90.2 83.9 85.9 87.3 85.8 85.5 89.0 Multilateral / EDT (%) 61.0 72.9 70.1 70.6 72.5 72.5 71.1 76.8 111 COMOROS (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 5. LONG-TERM DEBT DEBT OUTSTANDING (LDOD) 175.4 201.2 206.9 244.6 265.4 273.2 257.3 259.8 Public and publicly guaranteed 175.4 201.2 206.9 244.6 265.4 273.2 257.3 259.8 Official creditors 175.4 201.2 206.9 244.6 265.4 273.2 257.3 259.8 Multilateral 114.6 156.5 165.9 193.7 212.6 222.6 206.8 216.3 Concessional 100.8 148.8 157.3 185.1 203.1 212.7 197.9 207.3 Bilateral 60.8 44.7 41.1 50.9 52.8 50.7 50.6 43.5 Concessional 60.8 44.7 41.1 50.9 52.8 50.7 50.6 43.5 Private creditors 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 of which: Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks and other 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 37.5 64.1 70.8 96.1 112.4 118.7 111.1 117.1 Public sector LDOD 175.4 201.2 206.9 244.6 265.4 273.2 257.3 259.8 Private sector LDOD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 DISBURSEMENTS 5.1 9.6 2.1 12.2 9.6 3.2 2.7 3.0 Public and publicly guaranteed 5.1 9.6 2.1 12.2 9.6 3.2 2.7 3.0 Official creditors 5.1 9.6 2.1 12.2 9.6 3.2 2.7 3.0 Multilateral 0.9 9.6 2.1 12.2 8.6 3.2 2.7 3.0 Concessional 0.9 9.6 2.1 12.2 8.6 3.2 2.7 3.0 Bilateral 4.2 0.0 0.0 0.0 1.0 0.0 0.0 0.0 Concessional 4.2 0.0 0.0 0.0 1.0 0.0 0.0 0.0 Private creditors 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 of which: Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks and other 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 0.7 9.6 2.1 12.2 8.6 3.2 2.7 3.0 PRINCIPAL REPAYMENTS 0.2 0.4 1.2 3.8 1.8 2.0 2.6 2.3 Public and publicly guaranteed 0.2 0.4 1.2 3.8 1.8 2.0 2.6 2.3 Official creditors 0.2 0.4 1.2 3.8 1.8 2.0 2.6 2.3 Multilateral 0.2 0.4 1.2 3.1 1.8 2.0 2.6 2.3 Concessional 0.2 0.4 1.2 3.1 1.8 2.0 2.6 2.3 Bilateral 0.0 0.0 0.0 0.7 0.0 0.0 0.0 0.0 Concessional 0.0 0.0 0.0 0.7 0.0 0.0 0.0 0.0 Private creditors 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 of which: Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks and other 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 0.1 0.4 0.8 1.1 1.3 1.8 2.0 2.0 INTEREST PAYMENTS (LINT) 0.7 0.5 0.8 0.8 0.8 1.0 1.3 1.1 Public and publicly guaranteed 0.7 0.5 0.8 0.8 0.8 1.0 1.3 1.1 Official creditors 0.7 0.5 0.8 0.8 0.8 1.0 1.3 1.1 Multilateral 0.4 0.5 0.8 0.7 0.8 1.0 1.3 1.1 Concessional 0.4 0.5 0.8 0.7 0.8 1.0 1.3 1.1 Bilateral 0.3 0.0 0.0 0.1 0.0 0.0 0.0 0.0 Concessional 0.3 0.0 0.0 0.1 0.0 0.0 0.0 0.0 Private creditors 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 of which: Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks and other 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 0.3 0.4 0.8 0.6 0.7 0.9 0.9 0.9 112 COMOROS (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 6. CURRENCY COMPOSITION OF PUBLIC AND PUBLICLY GUARANTEED DEBT (PERCENT) Euro .. .. .. 13.5 13.3 13.1 12.4 12.3 Japanese yen 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Pound sterling 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Swiss franc 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 U.S.dollars 16.7 27.1 31.9 37.3 40.4 41.0 40.7 41.4 7. DEBT RESTRUCTURINGS Total amount rescheduled 0.0 2.0 0.0 0.0 0.0 0.0 0.0 0.0 Debt stock rescheduled 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal rescheduled 0.0 1.8 0.0 0.0 0.0 0.0 0.0 0.0 Official 0.0 1.8 0.0 0.0 0.0 0.0 0.0 0.0 Private 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Interest rescheduled 0.0 0.2 0.0 0.0 0.0 0.0 0.0 0.0 Official 0.0 0.2 0.0 0.0 0.0 0.0 0.0 0.0 Private 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Debt forgiven 0.1 0.4 0.0 0.0 0.0 0.0 0.0 0.0 Memo: interest forgiven 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Debt stock reduction 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 of which debt buyback 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 8. DEBT STOCK-FLOW RECONCILIATION Total change in debt stocks 10.7 11.9 0.6 27.6 18.6 13.8 -16.3 -8.8 Net flows on debt 1.8 11.2 2.3 11.1 2.6 3.0 0.1 1.7 Cross-currency valuation 2.5 -3.4 -9.5 9.7 13.6 6.6 -11.8 7.0 9. AVERAGE TERMS OF NEW COMMITMENTS ALL CREDITORS Interest (%) 2.0 0.9 0.0 0.0 0.0 0.8 0.0 0.0 Maturity (years) 29.8 37.7 0.0 10.7 0.0 39.8 0.0 0.0 Grace period (years) 10.3 10.4 0.0 5.2 0.0 10.3 0.0 0.0 Grant element (%) 65.9 78.1 0.0 52.3 0.0 80.7 0.0 0.0 Official creditors Interest (%) 2.0 0.9 0.0 0.0 0.0 0.8 0.0 0.0 Maturity (years) 29.8 37.7 0.0 10.7 0.0 39.8 0.0 0.0 Grace period (years) 10.3 10.4 0.0 5.2 0.0 10.3 0.0 0.0 Grant element (%) 65.9 78.1 0.0 52.3 0.0 80.7 0.0 0.0 Private creditors Interest (%) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Maturity (years) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Grace period (years) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Grant element (%) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 10. CONTRACTUAL OBLIGATIONS ON OUTSTANDING LONG-TERM DEBT 2007 2008 2009 2010 2011 2012 2013 2014 TOTAL Principal 6.0 6.4 6.5 6.3 6.4 6.7 6.0 6.3 Interest 1.5 1.5 1.4 1.4 1.3 1.3 1.2 1.2 Official creditors Principal 6.0 6.4 6.5 6.3 6.4 6.7 6.0 6.3 Interest 1.5 1.5 1.4 1.4 1.3 1.3 1.2 1.2 Bilateral creditors Principal 1.4 1.4 1.4 1.1 1.1 1.1 1.0 1.0 Interest 0.2 0.2 0.1 0.1 0.1 0.1 0.1 0.1 Multilateral creditors Principal 4.6 5.0 5.1 5.1 5.3 5.6 5.0 5.3 Interest 1.3 1.3 1.3 1.2 1.2 1.2 1.1 1.1 Private creditors Principal 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Interest 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Notes: 113 CONGO, DEMOCRATIC REPUBLIC OF (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 1. SUMMARY DEBT DATA TOTAL DEBT STOCKS (EDT) 10,259 13,239 11,692 10,060 11,254 11,434 10,600 11,201 Long-term debt (LDOD) 8,994 9,636 7,880 8,845 10,161 10,125 9,412 9,848 Public and publicly guaranteed 8,994 9,636 7,880 8,845 10,161 10,125 9,412 9,848 Private nonguaranteed 0 0 0 0 0 0 0 0 Use of IMF credit 521 485 391 571 703 818 791 833 Short-term debt 744 3,118 3,421 643 390 491 397 520 of which interest arrears on LDOD 265 2,937 3,042 340 363 372 359 378 Official creditors 166 2,611 2,863 287 300 308 296 315 Private creditors 99 326 179 53 63 64 63 64 Memorandum items Principal arrears on LDOD 1,050 4,569 4,949 721 907 938 1,186 1,278 Official creditors 376 3,752 4,461 578 768 797 1,043 1,132 Private creditors 674 817 488 143 139 140 144 146 TOTAL DEBT FLOWS Disbursements 315 0 0 959 265 291 288 146 Long-term debt 315 0 0 415 190 211 249 146 IMF purchases 0 0 0 544 75 79 39 0 Principal repayments 201 1 0 637 56 67 112 172 Long-term debt 49 0 0 248 56 67 112 172 IMF repurchases 152 1 0 388 0 0 0 0 Net flows on debt 88 61 20 244 -67 315 95 79 of which short-term debt -27 63 20 -78 -276 92 -81 104 Interest payments (INT) 147 24 25 290 91 73 102 148 Long-term debt 88 0 0 164 85 69 97 139 IMF charges 38 16 0 113 1 2 2 4 Short-term debt 21 8 25 14 5 2 3 5 Net transfers on debt -60 38 -4 -46 -158 242 -7 -69 Total debt service paid (TDS) 348 25 25 927 146 141 214 319 Long-term debt 137 0 0 412 141 136 209 311 IMF repurchases and charges 190 17 0 501 1 2 2 4 Short-term debt (interest only) 21 8 25 14 5 2 3 5 2. OTHER NET RESOURCE FLOWS (LONG-TERM) Net flow of long-term debt (ex. IMF) 266 0 0 167 134 144 137 -25 Foreign direct investment (net) 23 122 166 137 323 668 402 180 Portfolio equity flows 0 0 0 0 0 0 0 0 Grants (excluding technical coop.) 374 161 137 492 4,845 1,453 1,050 1,752 of which: Debt forgiveness grants .. .. 12 130 4,457 778 172 856 IDA grants .. .. .. 19 40 56 194 131 Memo: technical coop. grants 146 55 48 79 125 144 191 187 Interest on long-term debt 88 0 0 164 85 69 97 139 Profit remittances on FDI 0 0 0 0 0 0 0 0 3. MAJOR ECONOMIC AGGREGATES Gross national income (GNI) 8,581 4,878 3,918 5,250 5,485 6,276 6,760 8,143 Exports of goods, serv. & inc. (XGS) .. .. .. .. .. .. .. .. Worker remit. & comp. of employees 0 0 0 0 0 0 0 0 Imports of goods & services (MGS) .. .. .. .. .. .. .. .. International reserves (RES) 261 157 .. .. .. .. .. .. Current account balance .. .. .. .. .. .. .. .. 4. DEBT INDICATORS EDT / XGS (%) .. .. .. .. .. .. .. .. EDT / GNI (%) 119.6 271.4 298.4 191.6 205.2 182.2 156.8 137.5 TDS / XGS (%) .. .. .. .. .. .. .. .. INT / XGS (%) .. .. .. .. .. .. .. .. INT / GNI (%) 1.7 0.5 0.6 5.5 1.7 1.2 1.5 1.8 RES / EDT (%) 2.5 1.2 .. .. .. .. .. .. RES / MGS (months) .. .. .. .. .. .. .. .. Short-term / EDT (%) 7.2 23.6 29.3 6.4 3.5 4.3 3.7 4.6 Concessional / EDT (%) 31.0 26.9 26.8 61.5 63.5 61.2 62.3 62.1 Multilateral / EDT (%) 18.6 18.0 18.5 24.3 24.8 27.1 28.8 29.3 114 CONGO, DEMOCRATIC REPUBLIC OF (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 5. LONG-TERM DEBT DEBT OUTSTANDING (LDOD) 8,994 9,636 7,880 8,845 10,161 10,125 9,412 9,848 Public and publicly guaranteed 8,994 9,636 7,880 8,845 10,161 10,125 9,412 9,848 Official creditors 8,105 8,758 7,384 8,504 9,789 9,749 9,042 9,481 Multilateral 1,912 2,382 2,164 2,446 2,796 3,098 3,050 3,280 Concessional 1,439 1,704 1,541 1,892 2,180 2,457 2,479 2,697 Bilateral 6,193 6,376 5,220 6,058 6,993 6,651 5,992 6,202 Concessional 1,737 1,859 1,598 4,299 4,965 4,535 4,122 4,260 Private creditors 889 878 496 341 372 376 370 367 of which: Bonds 5 5 3 2 2 1 1 1 Commercial banks 118 117 81 0 1 1 1 1 Private nonguaranteed 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 Commercial banks and other 0 0 0 0 0 0 0 0 Memo: IBRD 49 92 81 0 0 0 0 0 IDA 1,112 1,321 1,188 1,504 1,771 1,993 2,050 2,251 Public sector LDOD 8,994 9,621 7,867 8,845 10,161 10,125 9,412 9,848 Private sector LDOD 0 15 13 0 0 0 0 0 DISBURSEMENTS 315 0 0 415 190 211 249 146 Public and publicly guaranteed 315 0 0 415 190 211 249 146 Official creditors 312 0 0 415 161 211 249 146 Multilateral 222 0 0 410 160 211 249 146 Concessional 125 0 0 410 160 211 249 146 Bilateral 90 0 0 5 1 0 0 0 Concessional 88 0 0 5 1 0 0 0 Private creditors 3 0 0 0 29 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 1 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 Commercial banks and other 0 0 0 0 0 0 0 0 Memo: IBRD 21 0 0 0 0 0 0 0 IDA 89 0 0 410 160 167 226 138 PRINCIPAL REPAYMENTS 49 0 0 248 56 67 112 172 Public and publicly guaranteed 49 0 0 248 56 67 112 172 Official creditors 34 0 0 248 55 63 110 165 Multilateral 28 0 0 248 17 11 11 51 Concessional 4 0 0 167 17 9 9 46 Bilateral 6 0 0 0 38 52 98 115 Concessional 4 0 0 0 4 19 31 62 Private creditors 15 0 0 0 1 4 2 6 of which: Bonds 0 0 0 0 0 0 1 0 Commercial banks 5 0 0 0 0 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 Commercial banks and other 0 0 0 0 0 0 0 0 Memo: IBRD 5 0 0 82 0 0 0 0 IDA 2 0 0 135 12 0 0 32 INTEREST PAYMENTS (LINT) 88 0 0 164 85 69 97 139 Public and publicly guaranteed 88 0 0 164 85 69 97 139 Official creditors 76 0 0 164 85 68 95 137 Multilateral 40 0 0 164 77 48 52 68 Concessional 9 0 0 102 10 13 15 21 Bilateral 36 0 0 0 8 20 43 70 Concessional 8 0 0 0 2 9 21 49 Private creditors 12 0 0 0 0 0 1 2 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 2 0 0 0 0 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 Commercial banks and other 0 0 0 0 0 0 0 0 Memo: IBRD 1 0 0 51 0 0 0 0 IDA 7 0 0 86 9 11 12 18 115 CONGO, DEMOCRATIC REPUBLIC OF (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 6. CURRENCY COMPOSITION OF PUBLIC AND PUBLICLY GUARANTEED DEBT (PERCENT) Euro .. .. .. 34.7 36.9 33.3 30.1 31.5 Japanese yen 3.0 3.7 4.8 7.6 7.5 7.8 7.3 6.8 Pound sterling 1.2 0.9 1.1 1.2 1.2 1.3 1.2 1.3 Swiss franc 0.2 0.3 0.2 0.4 0.4 0.3 0.3 0.3 U.S.dollars 41.5 40.8 44.6 43.2 41.7 43.1 46.0 45.3 7. DEBT RESTRUCTURINGS Total amount rescheduled 446 0 0 4,810 79 49 34 0 Debt stock rescheduled 0 0 0 0 0 0 0 0 Principal rescheduled 259 0 0 2,220 61 49 24 0 Official 252 0 0 2,072 61 48 24 0 Private 7 0 0 149 1 1 0 0 Interest rescheduled 131 0 0 1,298 18 17 9 0 Official 129 0 0 1,247 17 17 9 0 Private 2 0 0 51 0 0 0 0 Debt forgiven 9 0 0 2,086 76 97 65 0 Memo: interest forgiven 15 0 0 1,467 27 33 28 0 Debt stock reduction 0 0 0 0 0 0 0 0 of which debt buyback 0 0 0 0 0 0 0 0 8. DEBT STOCK-FLOW RECONCILIATION Total change in debt stocks 1,007 918 -356 -1,460 1,195 179 -834 601 Net flows on debt 88 61 20 244 -67 315 95 79 Cross-currency valuation 400 95 -373 643 910 426 -817 475 9. AVERAGE TERMS OF NEW COMMITMENTS ALL CREDITORS Interest (%) 5.9 2.5 0.0 4.5 0.9 0.8 0.1 0.0 Maturity (years) 23.8 19.9 0.0 29.4 40.3 41.3 41.1 40.0 Grace period (years) 6.4 4.4 0.0 7.5 9.6 10.0 2.1 1.0 Grant element (%) 30.6 48.7 0.0 43.7 77.3 80.8 76.7 75.8 Official creditors Interest (%) 5.9 2.5 0.0 4.5 0.8 0.8 0.1 0.0 Maturity (years) 23.8 19.9 0.0 29.4 43.5 41.3 41.1 40.0 Grace period (years) 6.4 4.4 0.0 7.5 10.3 10.0 2.1 1.0 Grant element (%) 30.6 48.7 0.0 43.7 81.6 80.8 76.7 75.8 Private creditors Interest (%) 0.0 0.0 0.0 0.0 2.0 0.0 0.0 0.0 Maturity (years) 0.0 0.0 0.0 0.0 11.1 0.0 0.0 0.0 Grace period (years) 0.0 0.0 0.0 0.0 2.9 0.0 0.0 0.0 Grant element (%) 0.0 0.0 0.0 0.0 37.6 0.0 0.0 0.0 10. CONTRACTUAL OBLIGATIONS ON OUTSTANDING LONG-TERM DEBT 2007 2008 2009 2010 2011 2012 2013 2014 TOTAL Principal 478 464 502 220 230 241 258 219 Interest 257 240 222 206 198 189 180 171 Official creditors Principal 418 404 441 216 227 237 254 216 Interest 246 232 217 205 197 188 179 170 Bilateral creditors Principal 362 345 381 155 165 166 171 121 Interest 196 181 167 154 146 138 129 121 Multilateral creditors Principal 56 60 61 61 62 71 83 95 Interest 50 50 51 50 50 50 50 49 Private creditors Principal 60 60 60 4 4 4 4 3 Interest 11 8 5 1 1 1 1 1 Notes: Data on long-term public and publicly guaranteed debt for 2006 are World Bank staff estimates. Grants in 2003 include the debt forgiveness under the Paris Club rescheduling agreement signed in 2002. 116 CONGO, REPUBLIC OF (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 1. SUMMARY DEBT DATA TOTAL DEBT STOCKS (EDT) 4,934 5,982 4,865 5,131 5,505 6,741 5,936 6,130 Long-term debt (LDOD) 4,187 4,942 3,744 3,961 4,413 5,609 5,161 5,328 Public and publicly guaranteed 4,187 4,942 3,744 3,961 4,413 5,609 5,161 5,328 Private nonguaranteed 0 0 0 0 0 0 0 0 Use of IMF credit 11 19 41 33 28 29 26 35 Short-term debt 736 1,022 1,080 1,137 1,065 1,103 748 767 of which interest arrears on LDOD 181 432 659 866 1,034 796 737 756 Official creditors 77 326 490 688 844 195 165 175 Private creditors 104 106 169 178 190 602 572 580 Memorandum items Principal arrears on LDOD 571 1,014 1,793 2,264 2,636 2,759 2,595 2,658 Official creditors 127 587 1,085 1,481 1,806 549 488 523 Private creditors 443 427 708 783 829 2,209 2,107 2,136 TOTAL DEBT FLOWS Disbursements 318 15 14 2 24 39 59 22 Long-term debt 312 15 0 2 24 27 48 10 IMF purchases 5 0 14 0 0 12 12 12 Principal repayments 362 84 5 18 31 106 76 53 Long-term debt 355 82 5 10 24 94 65 49 IMF repurchases 7 2 0 8 8 12 12 4 Net flows on debt 93 166 -52 158 -247 209 -313 -32 of which short-term debt 138 236 -61 174 -240 276 -296 0 Interest payments (INT) 169 97 37 7 30 81 43 48 Long-term debt 120 61 7 3 28 79 35 40 IMF charges 1 1 1 1 0 0 0 0 Short-term debt 48 35 30 3 2 2 8 8 Net transfers on debt -75 69 -90 151 -277 128 -356 -80 Total debt service paid (TDS) 531 181 43 25 61 187 119 101 Long-term debt 475 142 12 13 51 173 99 89 IMF repurchases and charges 8 3 1 9 8 12 12 4 Short-term debt (interest only) 48 35 30 3 2 2 8 8 2. OTHER NET RESOURCE FLOWS (LONG-TERM) Net flow of long-term debt (ex. IMF) -43 -67 -5 -8 0 -67 -17 -39 Foreign direct investment (net) -14 125 166 331 323 -9 724 344 Portfolio equity flows 0 0 0 0 0 0 0 0 Grants (excluding technical coop.) 50 86 32 61 33 76 1,307 249 of which: Debt forgiveness grants .. .. 6 29 3 5 1,234 157 IDA grants .. .. .. 0 0 6 11 10 Memo: technical coop. grants 51 41 19 25 32 33 32 31 Interest on long-term debt 120 61 7 3 28 79 35 40 Profit remittances on FDI 0 326 466 572 388 647 1,093 0 3. MAJOR ECONOMIC AGGREGATES Gross national income (GNI) 2,324 1,228 2,275 2,201 2,679 3,247 4,456 .. Exports of goods, serv. & inc. (XGS) 1,503 1,384 2,644 2,461 2,846 3,649 4,980 .. Worker remit. & comp. of employees 0 4 10 1 13 15 11 11 Imports of goods & services (MGS) 1,757 2,050 2,013 2,484 2,303 2,947 4,054 .. International reserves (RES) 10 64 225 35 39 124 738 1,848 Current account balance -251 -625 648 -34 520 674 903 .. 4. DEBT INDICATORS EDT / XGS (%) 328.4 432.2 184.0 208.5 193.5 184.8 119.2 .. EDT / GNI (%) 212.3 487.1 213.8 233.1 205.5 207.6 133.2 .. TDS / XGS (%) 35.3 13.1 1.6 1.0 2.2 5.1 2.4 .. INT / XGS (%) 11.2 7.0 1.4 0.3 1.1 2.2 0.9 .. INT / GNI (%) 7.3 7.9 1.6 0.3 1.1 2.5 1.0 .. RES / EDT (%) 0.2 1.1 4.6 0.7 0.7 1.8 12.4 30.1 RES / MGS (months) 0.1 0.4 1.3 0.2 0.2 0.5 2.2 .. Short-term / EDT (%) 14.9 17.1 22.2 22.2 19.3 16.4 12.6 12.5 Concessional / EDT (%) 35.1 33.0 33.7 34.9 37.0 38.5 40.8 43.1 Multilateral / EDT (%) 11.5 11.8 11.7 11.1 11.4 17.9 20.1 20.4 117 CONGO, REPUBLIC OF (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 5. LONG-TERM DEBT DEBT OUTSTANDING (LDOD) 4,187 4,942 3,744 3,961 4,413 5,609 5,161 5,328 Public and publicly guaranteed 4,187 4,942 3,744 3,961 4,413 5,609 5,161 5,328 Official creditors 3,047 4,035 2,986 3,178 3,583 3,400 3,055 3,192 Multilateral 568 703 570 569 626 1,205 1,192 1,250 Concessional 151 261 223 266 312 947 958 1,023 Bilateral 2,479 3,332 2,416 2,609 2,957 2,195 1,863 1,942 Concessional 1,580 1,715 1,416 1,526 1,727 1,647 1,465 1,617 Private creditors 1,140 907 758 783 829 2,209 2,107 2,136 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 724 784 691 708 739 2,112 2,022 2,042 Private nonguaranteed 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 Commercial banks and other 0 0 0 0 0 0 0 0 Memo: IBRD 164 105 65 10 3 0 0 0 IDA 75 174 159 198 235 269 280 295 Public sector LDOD 4,187 4,942 3,744 3,961 4,413 5,609 5,161 5,328 Private sector LDOD 0 0 0 0 0 0 0 0 DISBURSEMENTS 312 15 0 2 24 27 48 10 Public and publicly guaranteed 312 15 0 2 24 27 48 10 Official creditors 127 15 0 2 24 27 48 10 Multilateral 11 1 0 2 24 27 45 8 Concessional 1 0 0 2 24 27 45 8 Bilateral 116 14 0 0 0 0 3 2 Concessional 113 14 0 0 0 0 3 2 Private creditors 185 0 0 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 174 0 0 0 0 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 Commercial banks and other 0 0 0 0 0 0 0 0 Memo: IBRD 2 1 0 0 0 0 0 0 IDA 0 0 0 2 24 27 35 8 PRINCIPAL REPAYMENTS 355 82 5 10 24 94 65 49 Public and publicly guaranteed 355 82 5 10 24 94 65 49 Official creditors 70 32 5 10 24 94 65 49 Multilateral 30 19 5 10 24 84 42 29 Concessional 2 1 1 3 4 6 7 8 Bilateral 40 13 0 0 0 10 23 20 Concessional 1 5 0 0 0 10 23 18 Private creditors 285 50 0 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 257 46 0 0 0 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 Commercial banks and other 0 0 0 0 0 0 0 0 Memo: IBRD 6 18 2 6 6 3 0 0 IDA 0 1 1 2 2 4 5 5 INTEREST PAYMENTS (LINT) 120 61 7 3 28 79 35 40 Public and publicly guaranteed 120 61 7 3 28 79 35 40 Official creditors 68 20 7 3 28 79 35 40 Multilateral 30 11 7 3 23 75 31 25 Concessional 1 1 1 2 3 3 9 15 Bilateral 38 9 0 0 5 4 4 15 Concessional 28 8 0 0 1 2 4 15 Private creditors 52 40 0 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 44 39 0 0 0 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 Commercial banks and other 0 0 0 0 0 0 0 0 Memo: IBRD 12 10 1 1 1 0 0 0 IDA 1 1 1 2 2 2 2 2 118 CONGO, REPUBLIC OF (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 6. CURRENCY COMPOSITION OF PUBLIC AND PUBLICLY GUARANTEED DEBT (PERCENT) Euro .. .. .. 48.4 51.9 37.2 33.0 33.9 Japanese yen 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.1 Pound sterling 5.7 4.9 6.6 6.7 6.6 5.2 5.7 6.2 Swiss franc 0.4 0.5 0.3 0.3 0.3 0.1 0.2 0.2 U.S.dollars 16.6 23.8 29.2 27.7 25.6 52.5 55.3 54.2 7. DEBT RESTRUCTURINGS Total amount rescheduled 780 108 0 0 0 1,097 96 136 Debt stock rescheduled 0 0 0 0 0 0 0 0 Principal rescheduled 379 65 0 0 0 608 54 55 Official 96 60 0 0 0 608 54 55 Private 283 5 0 0 0 0 0 0 Interest rescheduled 368 42 0 0 0 298 16 13 Official 247 41 0 0 0 298 16 13 Private 121 0 0 0 0 0 0 0 Debt forgiven 0 24 0 0 0 915 110 112 Memo: interest forgiven 0 0 0 0 0 435 32 27 Debt stock reduction 0 0 0 0 0 0 0 0 of which debt buyback 0 0 0 0 0 0 0 0 8. DEBT STOCK-FLOW RECONCILIATION Total change in debt stocks 674 589 -146 662 375 1,236 -805 194 Net flows on debt 93 166 -52 158 -247 209 -313 -32 Cross-currency valuation 319 115 -163 340 444 209 -332 254 9. AVERAGE TERMS OF NEW COMMITMENTS ALL CREDITORS Interest (%) 5.1 2.2 0.0 0.8 0.8 0.8 4.2 0.0 Maturity (years) 15.7 31.8 0.0 39.4 39.6 42.4 23.7 40.0 Grace period (years) 6.8 9.0 0.0 9.9 10.1 10.4 7.2 1.0 Grant element (%) 32.0 63.7 0.0 80.2 80.4 81.4 42.6 75.8 Official creditors Interest (%) 4.3 2.2 0.0 0.8 0.8 0.8 4.2 0.0 Maturity (years) 16.9 31.8 0.0 39.4 39.6 42.4 23.7 40.0 Grace period (years) 7.2 9.0 0.0 9.9 10.1 10.4 7.2 1.0 Grant element (%) 37.3 63.7 0.0 80.2 80.4 81.4 42.6 75.8 Private creditors Interest (%) 9.9 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Maturity (years) 8.3 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Grace period (years) 4.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Grant element (%) -0.5 0.0 0.0 0.0 0.0 0.0 0.0 0.0 10. CONTRACTUAL OBLIGATIONS ON OUTSTANDING LONG-TERM DEBT 2007 2008 2009 2010 2011 2012 2013 2014 TOTAL Principal 133 138 139 58 98 104 110 115 Interest 64 71 64 57 55 52 49 46 Official creditors Principal 133 138 139 58 98 104 110 115 Interest 64 71 64 57 55 52 49 46 Bilateral creditors Principal 108 118 120 38 60 65 70 74 Interest 46 53 46 39 37 35 33 31 Multilateral creditors Principal 24 20 20 20 38 39 40 40 Interest 18 18 18 18 17 16 16 15 Private creditors Principal 0 0 0 0 0 0 0 0 Interest 0 0 0 0 0 0 0 0 Notes: 0 119 COSTA RICA (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 1. SUMMARY DEBT DATA TOTAL DEBT STOCKS (EDT) 3,756 3,802 4,456 4,834 5,421 5,738 6,223 6,832 Long-term debt (LDOD) 3,367 3,348 3,500 3,335 3,795 4,057 4,118 4,506 Public and publicly guaranteed 3,063 3,133 3,264 3,139 3,620 3,779 3,470 3,669 Private nonguaranteed 304 214 236 196 175 279 648 837 Use of IMF credit 11 24 0 0 0 0 0 0 Short-term debt 377 430 956 1,499 1,626 1,681 2,105 2,326 of which interest arrears on LDOD 77 32 20 16 16 11 10 10 Official creditors 76 28 17 16 16 10 10 10 Private creditors 2 4 3 0 0 0 0 0 Memorandum items Principal arrears on LDOD 173 118 78 76 77 54 53 53 Official creditors 167 114 76 74 75 52 51 51 Private creditors 6 3 2 2 2 2 2 2 TOTAL DEBT FLOWS Disbursements 206 211 508 171 945 635 412 475 Long-term debt 206 211 508 171 945 635 412 475 IMF purchases 0 0 0 0 0 0 0 0 Principal repayments 295 399 387 390 527 505 385 368 Long-term debt 269 355 387 390 527 505 385 368 IMF repurchases 26 44 0 0 0 0 0 0 Net flows on debt -108 -146 300 122 545 190 452 328 of which short-term debt -20 42 179 341 128 60 425 221 Interest payments (INT) 206 251 261 280 316 212 223 229 Long-term debt 171 224 205 239 254 146 129 120 IMF charges 3 3 0 0 0 0 0 0 Short-term debt 32 23 56 41 62 66 94 109 Net transfers on debt -315 -397 38 -158 229 -21 229 99 Total debt service paid (TDS) 501 650 648 670 844 717 608 597 Long-term debt 440 580 592 629 782 651 514 488 IMF repurchases and charges 29 47 0 0 0 0 0 0 Short-term debt (interest only) 32 23 56 41 62 66 94 109 2. OTHER NET RESOURCE FLOWS (LONG-TERM) Net flow of long-term debt (ex. IMF) -63 -144 121 -220 417 130 27 107 Foreign direct investment (net) 163 337 409 659 575 794 861 1,469 Portfolio equity flows 0 0 0 0 0 0 0 0 Grants (excluding technical coop.) 110 30 25 22 24 31 27 22 of which: Debt forgiveness grants .. .. 0 0 0 0 0 0 IDA grants .. .. .. 0 0 0 0 0 Memo: technical coop. grants 73 77 23 29 29 29 29 30 Interest on long-term debt 171 224 205 239 254 146 129 120 Profit remittances on FDI 60 109 1,141 348 644 330 170 126 3. MAJOR ECONOMIC AGGREGATES Gross national income (GNI) 7,151 11,497 14,697 16,236 16,800 17,815 19,186 21,433 Exports of goods, serv. & inc. (XGS) 2,094 4,713 8,113 7,531 8,636 9,058 10,355 11,853 Worker remit. & comp. of employees 12 123 136 250 321 319 421 513 Imports of goods & services (MGS) 2,709 5,089 8,793 8,329 9,419 9,764 11,197 12,830 International reserves (RES) 525 1,060 1,318 1,502 1,840 1,923 2,314 3,117 Current account balance -424 -358 -707 -857 -880 -796 -971 -1,118 4. DEBT INDICATORS EDT / XGS (%) 179.4 80.7 54.9 64.2 62.8 63.3 60.1 57.6 EDT / GNI (%) 52.5 33.1 30.3 29.8 32.3 32.2 32.4 31.9 TDS / XGS (%) 23.9 13.8 8.0 8.9 9.8 7.9 5.9 5.0 INT / XGS (%) 9.9 5.3 3.2 3.7 3.7 2.3 2.2 1.9 INT / GNI (%) 2.9 2.2 1.8 1.7 1.9 1.2 1.2 1.1 RES / EDT (%) 14.0 27.9 29.6 31.1 33.9 33.5 37.2 45.6 RES / MGS (months) 2.3 2.5 1.8 2.2 2.3 2.4 2.5 2.9 Short-term / EDT (%) 10.0 11.3 21.4 31.0 30.0 29.3 33.8 34.0 Concessional / EDT (%) 23.6 24.2 13.1 10.3 9.4 7.9 6.5 6.6 Multilateral / EDT (%) 30.4 35.6 29.1 26.0 27.0 24.8 18.8 18.5 120 COSTA RICA (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 5. LONG-TERM DEBT DEBT OUTSTANDING (LDOD) 3,367 3,348 3,500 3,335 3,795 4,057 4,118 4,506 Public and publicly guaranteed 3,063 3,133 3,264 3,139 3,620 3,779 3,470 3,669 Official creditors 2,359 2,492 1,909 1,624 1,820 1,727 1,433 1,527 Multilateral 1,141 1,352 1,295 1,256 1,466 1,423 1,167 1,261 Concessional 246 199 182 197 214 199 181 224 Bilateral 1,218 1,139 615 368 354 304 266 266 Concessional 642 721 399 301 296 257 225 223 Private creditors 704 642 1,355 1,515 1,800 2,051 2,037 2,142 of which: Bonds 609 572 1,292 1,456 1,661 1,910 1,878 1,853 Commercial banks 41 33 36 34 116 120 138 271 Private nonguaranteed 304 214 236 196 175 279 648 837 Bonds 0 0 0 0 0 0 0 0 Commercial banks and other 304 214 236 196 175 279 648 837 Memo: IBRD 409 300 121 91 80 71 59 53 IDA 3 3 2 1 1 1 1 1 Public sector LDOD 3,059 3,131 3,263 3,138 3,619 3,779 3,470 3,669 Private sector LDOD 308 216 237 197 176 279 648 837 DISBURSEMENTS 206 211 508 171 945 635 412 475 Public and publicly guaranteed 201 201 499 171 945 511 122 179 Official creditors 170 190 249 155 379 185 71 90 Multilateral 89 172 130 145 358 185 65 77 Concessional 13 6 10 23 80 2 7 1 Bilateral 81 18 118 10 21 0 6 14 Concessional 76 12 10 10 4 0 6 14 Private creditors 31 11 250 15 565 326 51 88 of which: Bonds 0 0 250 0 450 310 0 0 Commercial banks 30 11 0 15 115 16 51 88 Private nonguaranteed 5 10 9 0 0 124 290 297 Bonds 0 0 0 0 0 0 0 0 Commercial banks and other 5 10 9 0 0 124 290 297 Memo: IBRD 5 16 6 12 7 8 5 5 IDA 0 0 0 0 0 0 0 0 PRINCIPAL REPAYMENTS 269 355 387 390 527 505 385 368 Public and publicly guaranteed 263 331 370 370 507 484 364 261 Official creditors 92 321 328 315 225 202 298 210 Multilateral 79 176 149 234 155 167 270 196 Concessional 10 14 15 12 16 15 21 15 Bilateral 14 145 179 81 70 35 28 13 Concessional 3 44 61 68 43 25 23 13 Private creditors 171 10 42 55 282 282 65 51 of which: Bonds 42 4 30 44 246 261 32 25 Commercial banks 124 2 9 10 35 20 32 26 Private nonguaranteed 6 24 17 20 21 21 21 107 Bonds 0 0 0 0 0 0 0 0 Commercial banks and other 6 24 17 20 21 21 21 107 Memo: IBRD 45 55 33 23 18 17 17 11 IDA 0 0 0 0 0 0 0 0 INTEREST PAYMENTS (LINT) 171 224 205 239 254 146 129 120 Public and publicly guaranteed 169 204 189 226 244 136 120 112 Official creditors 104 162 102 95 88 68 63 53 Multilateral 77 95 82 83 77 62 57 50 Concessional 5 5 3 5 6 5 4 5 Bilateral 27 67 20 12 11 6 5 3 Concessional 9 30 14 11 10 6 5 3 Private creditors 65 42 87 131 156 68 57 59 of which: Bonds 24 37 80 123 147 62 53 51 Commercial banks 36 0 4 5 4 5 4 8 Private nonguaranteed 2 21 16 12 11 10 9 8 Bonds 0 0 0 0 0 0 0 0 Commercial banks and other 2 21 16 12 11 10 9 8 Memo: IBRD 33 27 12 8 6 4 3 3 IDA 0 0 0 0 0 0 0 0 121 COSTA RICA (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 6. CURRENCY COMPOSITION OF PUBLIC AND PUBLICLY GUARANTEED DEBT (PERCENT) Euro .. .. .. 1.7 1.6 1.5 1.3 1.1 Japanese yen 3.0 8.1 4.5 3.8 3.4 3.0 2.7 2.1 Pound sterling 0.2 0.1 0.0 0.0 0.0 0.0 0.0 0.0 Swiss franc 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 U.S.dollars 58.2 49.4 67.6 69.9 72.6 74.1 79.0 82.0 7. DEBT RESTRUCTURINGS Total amount rescheduled 641 0 0 0 0 0 1 0 Debt stock rescheduled 469 0 0 0 0 0 0 0 Principal rescheduled 20 0 0 0 0 0 0 0 Official 19 0 0 0 0 0 0 0 Private 0 0 0 0 0 0 0 0 Interest rescheduled 151 0 0 0 0 0 0 0 Official 10 0 0 0 0 0 0 0 Private 141 0 0 0 0 0 0 0 Debt forgiven 0 3 0 0 0 0 0 0 Memo: interest forgiven 187 0 0 0 0 0 0 0 Debt stock reduction 668 0 0 0 0 0 0 0 of which debt buyback 0 0 0 0 0 0 0 0 8. DEBT STOCK-FLOW RECONCILIATION Total change in debt stocks -834 -107 240 184 588 317 485 609 Net flows on debt -108 -146 300 122 545 190 452 328 Cross-currency valuation 52 24 -29 57 66 29 -38 146 9. AVERAGE TERMS OF NEW COMMITMENTS ALL CREDITORS Interest (%) 6.9 2.6 7.9 5.6 6.3 6.4 6.2 3.9 Maturity (years) 15.4 7.2 11.3 22.2 9.4 9.3 16.3 18.5 Grace period (years) 4.4 1.2 9.9 2.1 5.0 7.1 3.3 5.6 Grant element (%) 18.2 16.8 3.5 26.8 14.6 18.6 22.5 42.1 Official creditors Interest (%) 6.4 2.2 6.3 5.5 5.6 6.3 5.7 3.1 Maturity (years) 17.6 7.3 4.3 26.6 12.5 8.3 17.5 20.7 Grace period (years) 5.0 1.2 1.8 2.1 2.9 3.2 4.0 5.9 Grant element (%) 21.1 17.4 6.2 30.2 17.7 14.2 26.9 49.5 Private creditors Interest (%) 9.5 6.9 10.0 5.9 6.7 6.5 8.2 6.9 Maturity (years) 3.2 6.0 20.4 12.3 7.8 10.1 12.1 10.3 Grace period (years) 1.1 1.5 20.4 2.3 6.1 10.1 0.5 4.3 Grant element (%) 2.2 8.6 0.0 19.1 13.0 21.9 5.9 14.4 10. CONTRACTUAL OBLIGATIONS ON OUTSTANDING LONG-TERM DEBT 2007 2008 2009 2010 2011 2012 2013 2014 TOTAL Principal 468 638 749 405 635 199 648 476 Interest 262 244 211 184 161 138 108 69 Official creditors Principal 240 206 221 185 173 162 164 142 Interest 82 77 70 63 56 48 40 31 Bilateral creditors Principal 33 33 34 32 26 18 25 22 Interest 8 8 8 7 6 5 4 4 Multilateral creditors Principal 207 173 187 153 147 144 139 120 Interest 75 69 62 56 50 43 35 28 Private creditors Principal 228 432 527 220 462 36 483 333 Interest 180 167 141 121 106 90 69 38 Notes: Long-term private nonguaranteed debt data are World Bank staff estimates. 122 COTE D'IVOIRE (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 1. SUMMARY DEBT DATA TOTAL DEBT STOCKS (EDT) 17,251 18,899 12,138 11,791 12,187 13,229 11,901 13,840 Long-term debt (LDOD) 13,223 14,562 10,546 10,369 10,844 12,101 10,820 11,677 Public and publicly guaranteed 10,665 11,902 9,063 9,110 9,700 11,092 9,973 10,830 Private nonguaranteed 2,558 2,660 1,482 1,259 1,144 1,010 847 847 Use of IMF credit 431 427 549 491 425 311 198 150 Short-term debt 3,597 3,910 1,043 932 917 816 883 2,013 of which interest arrears on LDOD 819 1,020 79 267 359 708 883 1,172 Official creditors 66 34 70 60 115 484 630 854 Private creditors 753 986 8 207 245 224 253 318 Memorandum items Principal arrears on LDOD 1,727 2,686 169 284 375 1,319 1,647 2,212 Official creditors 16 32 125 179 222 1,155 1,459 1,973 Private creditors 1,710 2,655 44 105 152 164 189 239 TOTAL DEBT FLOWS Disbursements 1,172 924 148 299 57 64 21 87 Long-term debt 1,019 743 148 223 57 64 21 87 IMF purchases 153 181 0 76 0 0 0 0 Principal repayments 621 625 481 522 430 336 276 71 Long-term debt 498 539 442 436 325 209 185 13 IMF repurchases 123 86 39 86 105 127 91 57 Net flows on debt 1,189 935 -617 -362 -480 -722 -363 857 of which short-term debt 639 636 -283 -139 -106 -450 -108 841 Interest payments (INT) 641 421 539 309 142 57 49 56 Long-term debt 443 390 462 280 121 45 45 34 IMF charges 31 8 3 3 2 2 1 1 Short-term debt 167 23 74 26 18 10 3 21 Net transfers on debt 548 514 -1,156 -671 -622 -779 -412 802 Total debt service paid (TDS) 1,262 1,046 1,020 831 572 393 325 126 Long-term debt 941 929 904 716 447 254 230 47 IMF repurchases and charges 155 94 42 89 107 129 92 58 Short-term debt (interest only) 167 23 74 26 18 10 3 21 2. OTHER NET RESOURCE FLOWS (LONG-TERM) Net flow of long-term debt (ex. IMF) 521 204 -294 -213 -269 -145 -164 74 Foreign direct investment (net) 48 211 235 213 165 283 312 315 Portfolio equity flows 0 1 1 4 16 -5 14 48 Grants (excluding technical coop.) 287 454 238 673 286 222 175 200 of which: Debt forgiveness grants .. .. 86 593 207 119 56 46 IDA grants .. .. .. 0 0 0 0 0 Memo: technical coop. grants 129 123 72 77 76 78 68 133 Interest on long-term debt 443 390 462 280 121 45 45 34 Profit remittances on FDI 75 204 284 284 335 364 370 0 3. MAJOR ECONOMIC AGGREGATES Gross national income (GNI) 9,209 10,013 9,715 10,807 13,018 14,763 15,625 16,756 Exports of goods, serv. & inc. (XGS) 3,561 4,526 4,512 6,001 6,622 7,873 8,726 9,207 Worker remit. & comp. of employees 44 151 119 120 142 159 163 164 Imports of goods & services (MGS) 4,594 4,782 4,423 4,771 5,841 7,165 8,222 8,182 International reserves (RES) 21 529 668 1,863 1,304 1,694 1,322 1,798 Current account balance -1,214 -492 -241 768 294 241 40 529 4. DEBT INDICATORS EDT / XGS (%) 484.5 417.5 269.0 196.5 184.0 168.0 136.4 150.3 EDT / GNI (%) 187.3 188.7 124.9 109.1 93.6 89.6 76.2 82.6 TDS / XGS (%) 35.4 23.1 22.6 13.9 8.6 5.0 3.7 1.4 INT / XGS (%) 18.0 9.3 11.9 5.1 2.1 0.7 0.6 0.6 INT / GNI (%) 7.0 4.2 5.5 2.9 1.1 0.4 0.3 0.3 RES / EDT (%) 0.1 2.8 5.5 15.8 10.7 12.8 11.1 13.0 RES / MGS (months) 0.1 1.3 1.8 4.7 2.7 2.8 1.9 2.6 Short-term / EDT (%) 20.8 20.7 8.6 7.9 7.5 6.2 7.4 14.5 Concessional / EDT (%) 18.0 24.2 34.0 38.4 40.9 47.0 46.7 43.7 Multilateral / EDT (%) 20.8 20.6 24.4 25.8 27.0 25.7 26.0 24.1 123 COTE D'IVOIRE (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 5. LONG-TERM DEBT DEBT OUTSTANDING (LDOD) 13,223 14,562 10,546 10,369 10,844 12,101 10,820 11,677 Public and publicly guaranteed 10,665 11,902 9,063 9,110 9,700 11,092 9,973 10,830 Official creditors 7,686 9,217 6,669 6,752 7,341 8,604 7,681 8,391 Multilateral 3,585 3,900 2,958 3,040 3,289 3,399 3,092 3,339 Concessional 1,149 1,286 1,676 1,973 2,146 2,221 2,049 2,180 Bilateral 4,101 5,317 3,711 3,712 4,052 5,205 4,589 5,053 Concessional 1,951 3,278 2,450 2,553 2,841 3,990 3,513 3,870 Private creditors 2,980 2,685 2,394 2,358 2,359 2,488 2,292 2,439 of which: Bonds 0 0 2,343 2,343 2,343 0 0 0 Commercial banks 2,640 2,630 14 0 1 2,488 2,292 2,439 Private nonguaranteed 2,558 2,660 1,482 1,259 1,144 1,010 847 847 Bonds 0 0 0 0 0 0 0 0 Commercial banks and other 2,558 2,660 1,482 1,259 1,144 1,010 847 847 Memo: IBRD 1,913 1,573 599 479 481 479 423 456 IDA 7 813 1,366 1,589 1,786 1,904 1,763 1,847 Public sector LDOD 10,663 11,901 9,063 9,110 9,700 11,092 9,973 10,830 Private sector LDOD 2,560 2,661 1,482 1,259 1,144 1,010 847 847 DISBURSEMENTS 1,019 743 148 223 57 64 21 87 Public and publicly guaranteed 769 670 148 223 57 64 21 87 Official creditors 758 669 148 223 57 63 21 87 Multilateral 460 340 148 223 57 51 11 71 Concessional 21 239 131 211 55 49 10 26 Bilateral 298 329 0 0 0 13 10 16 Concessional 284 309 0 0 0 13 10 16 Private creditors 11 1 0 0 0 1 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 2 1 0 0 0 1 0 0 Private nonguaranteed 250 73 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 Commercial banks and other 250 73 0 0 0 0 0 0 Memo: IBRD 261 19 0 0 0 0 0 0 IDA 0 226 76 174 52 38 0 0 PRINCIPAL REPAYMENTS 498 539 442 436 325 209 185 13 Public and publicly guaranteed 319 514 329 322 210 75 22 13 Official creditors 247 479 283 322 210 75 22 13 Multilateral 230 286 143 229 99 56 10 9 Concessional 70 46 34 16 12 9 5 5 Bilateral 16 193 140 93 111 19 12 4 Concessional 5 20 97 79 98 19 12 4 Private creditors 72 36 46 1 0 0 0 0 of which: Bonds 1 0 46 0 0 0 0 0 Commercial banks 25 5 0 0 0 0 0 0 Private nonguaranteed 179 25 113 114 115 134 163 0 Bonds 0 0 0 0 0 0 0 0 Commercial banks and other 179 25 113 114 115 134 163 0 Memo: IBRD 125 199 57 90 82 38 0 0 IDA 0 0 0 13 8 5 0 0 INTEREST PAYMENTS (LINT) 443 390 462 280 121 45 45 34 Public and publicly guaranteed 205 257 342 184 92 22 4 3 Official creditors 187 252 189 184 92 22 3 3 Multilateral 176 172 78 144 47 22 3 3 Concessional 3 7 11 19 13 8 2 2 Bilateral 12 81 111 40 46 0 0 0 Concessional 2 40 47 36 43 0 0 0 Private creditors 18 5 153 0 0 0 0 0 of which: Bonds 0 0 153 0 0 0 0 0 Commercial banks 7 1 0 0 0 0 0 0 Private nonguaranteed 237 133 120 96 29 23 42 31 Bonds 0 0 0 0 0 0 0 0 Commercial banks and other 237 133 120 96 29 23 42 31 Memo: IBRD 141 135 32 49 31 11 0 0 IDA 0 5 8 15 11 6 0 0 124 COTE D'IVOIRE (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 6. CURRENCY COMPOSITION OF PUBLIC AND PUBLICLY GUARANTEED DEBT (PERCENT) Euro .. .. .. 31.5 31.8 53.8 51.9 53.4 Japanese yen 0.9 1.4 1.4 1.2 1.2 1.3 1.3 1.2 Pound sterling 1.3 0.9 0.6 0.4 0.4 0.4 0.4 0.4 Swiss franc 2.3 0.5 0.2 0.1 0.1 0.2 0.2 0.2 U.S.dollars 15.5 22.0 53.7 56.8 56.9 35.6 37.7 35.9 7. DEBT RESTRUCTURINGS Total amount rescheduled 930 381 72 325 197 0 0 0 Debt stock rescheduled 0 0 0 0 0 0 0 0 Principal rescheduled 590 192 45 173 107 0 0 0 Official 407 189 44 165 107 0 0 0 Private 183 4 0 7 0 0 0 0 Interest rescheduled 286 131 24 153 91 0 0 0 Official 257 129 24 151 91 0 0 0 Private 29 1 0 1 0 0 0 0 Debt forgiven 50 292 22 323 185 0 0 0 Memo: interest forgiven 0 30 7 140 79 0 0 0 Debt stock reduction 0 0 0 0 0 0 0 0 of which debt buyback 0 0 0 0 0 0 0 0 8. DEBT STOCK-FLOW RECONCILIATION Total change in debt stocks 2,430 1,503 -1,032 173 395 1,042 -1,327 1,939 Net flows on debt 1,189 935 -617 -362 -480 -722 -363 857 Cross-currency valuation 829 17 -468 814 940 397 -1,087 749 9. AVERAGE TERMS OF NEW COMMITMENTS ALL CREDITORS Interest (%) 5.9 1.9 0.8 0.8 0.0 1.1 1.7 0.2 Maturity (years) 20.0 29.8 46.2 42.6 0.0 23.8 20.0 7.8 Grace period (years) 6.3 8.5 9.6 9.9 0.0 6.8 5.7 1.7 Grant element (%) 27.5 63.7 81.7 81.0 0.0 64.6 56.2 29.3 Official creditors Interest (%) 5.9 1.9 0.8 0.8 0.0 1.1 1.7 0.2 Maturity (years) 20.0 29.8 46.2 42.6 0.0 23.8 20.0 7.8 Grace period (years) 6.3 8.5 9.6 9.9 0.0 6.8 5.7 1.7 Grant element (%) 27.5 63.9 81.7 81.0 0.0 64.6 56.2 29.3 Private creditors Interest (%) 0.0 14.5 0.0 0.0 0.0 0.0 0.0 0.0 Maturity (years) 0.0 19.6 0.0 0.0 0.0 0.0 0.0 0.0 Grace period (years) 0.0 0.1 0.0 0.0 0.0 0.0 0.0 0.0 Grant element (%) 0.0 -27.0 0.0 0.0 0.0 0.0 0.0 0.0 10. CONTRACTUAL OBLIGATIONS ON OUTSTANDING LONG-TERM DEBT 2007 2008 2009 2010 2011 2012 2013 2014 TOTAL Principal 1,064 957 819 677 624 593 473 469 Interest 392 344 302 267 239 213 189 168 Official creditors Principal 708 582 492 373 343 312 284 282 Interest 253 220 193 171 156 142 130 120 Bilateral creditors Principal 307 266 242 216 214 205 197 194 Interest 173 161 151 141 132 122 113 104 Multilateral creditors Principal 401 317 250 157 130 107 87 87 Interest 81 58 41 29 24 19 17 16 Private creditors Principal 356 374 327 304 281 281 189 188 Interest 138 125 110 96 83 71 58 48 Notes: Data on long-term public and publicly guaranteed debt for the years 2004 - 2006 have been revised based on reports provided by the country. 125 CROATIA (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 1. SUMMARY DEBT DATA TOTAL DEBT STOCKS (EDT) .. 3,830 12,438 16,682 25,757 32,937 30,450 37,480 Long-term debt (LDOD) .. 3,117 11,338 16,021 23,621 29,289 26,129 31,909 Public and publicly guaranteed .. 1,860 6,111 7,679 10,083 11,618 9,837 10,235 Private nonguaranteed .. 1,257 5,227 8,342 13,538 17,671 16,293 21,674 Use of IMF credit .. 221 158 0 0 0 0 0 Short-term debt .. 492 942 661 2,136 3,649 4,321 5,571 of which interest arrears on LDOD .. 71 45 67 101 86 86 102 Official creditors .. 1 3 2 6 3 3 2 Private creditors .. 70 42 65 96 83 83 100 Memorandum items Principal arrears on LDOD .. 547 209 489 674 595 624 887 Official creditors .. 1 1 0 8 3 1 2 Private creditors .. 546 208 488 666 592 623 885 TOTAL DEBT FLOWS Disbursements .. 618 3,357 5,115 9,173 7,763 5,685 10,367 Long-term debt .. 519 3,357 5,115 9,173 7,763 5,685 10,367 IMF purchases .. 99 0 0 0 0 0 0 Principal repayments .. 240 2,442 3,268 3,495 4,072 4,326 6,612 Long-term debt .. 234 2,413 3,142 3,495 4,072 4,326 6,612 IMF repurchases .. 6 29 126 0 0 0 0 Net flows on debt .. 627 1,164 1,932 7,082 5,220 2,031 4,990 of which short-term debt .. 249 249 85 1,415 1,528 672 1,234 Interest payments (INT) .. 126 598 747 857 1,131 963 1,069 Long-term debt .. 98 566 734 845 1,112 945 1,021 IMF charges .. 10 9 3 0 0 0 0 Short-term debt .. 18 23 10 12 19 17 48 Net transfers on debt .. 502 566 1,185 6,179 4,088 1,068 3,921 Total debt service paid (TDS) .. 366 3,040 4,015 4,353 5,203 5,288 7,680 Long-term debt .. 332 2,979 3,876 4,341 5,184 5,271 7,632 IMF repurchases and charges .. 16 38 129 0 0 0 0 Short-term debt (interest only) .. 18 23 10 12 19 17 48 2. OTHER NET RESOURCE FLOWS (LONG-TERM) Net flow of long-term debt (ex. IMF) .. 285 944 1,973 5,678 3,692 1,359 3,756 Foreign direct investment (net) .. 114 1,083 1,129 2,055 1,079 1,788 3,376 Portfolio equity flows .. 4 0 35 16 178 113 411 Grants (excluding technical coop.) .. 31 46 62 64 63 84 151 of which: Debt forgiveness grants .. .. 0 0 0 0 0 0 IDA grants .. .. .. 0 0 0 0 0 Memo: technical coop. grants .. 21 31 61 73 77 54 64 Interest on long-term debt .. 98 566 734 845 1,112 945 1,021 Profit remittances on FDI .. 6 161 350 1,018 753 1,073 1,321 3. MAJOR ECONOMIC AGGREGATES Gross national income (GNI) .. 18,755 17,959 22,485 28,341 34,781 37,661 41,542 Exports of goods, serv. & inc. (XGS) .. 7,672 9,525 11,703 16,185 19,195 20,482 23,179 Worker remit. & comp. of employees .. 544 641 885 1,085 1,222 1,222 1,234 Imports of goods & services (MGS) .. 9,353 10,404 14,042 18,958 21,728 23,684 27,098 International reserves (RES) .. 1,896 3,524 5,885 8,191 8,758 8,800 11,488 Current account balance .. -1,385 -533 -1,925 -2,162 -1,898 -2,571 -3,220 4. DEBT INDICATORS EDT / XGS (%) .. 49.9 130.6 142.6 159.1 171.6 148.7 161.7 EDT / GNI (%) .. 20.4 69.3 74.2 90.9 94.7 80.9 90.2 TDS / XGS (%) .. 4.8 31.9 34.3 26.9 27.1 25.8 33.1 INT / XGS (%) .. 1.6 6.3 6.4 5.3 5.9 4.7 4.6 INT / GNI (%) .. 0.7 3.3 3.3 3.0 3.3 2.6 2.6 RES / EDT (%) .. 49.5 28.3 35.3 31.8 26.6 28.9 30.7 RES / MGS (months) .. 2.4 4.1 5.0 5.2 4.8 4.5 5.1 Short-term / EDT (%) .. 12.8 7.6 4.0 8.3 11.1 14.2 14.9 Concessional / EDT (%) .. 8.9 2.5 2.3 2.2 1.9 1.9 1.6 Multilateral / EDT (%) .. 7.9 4.8 5.5 5.4 4.8 5.0 5.6 126 CROATIA (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 5. LONG-TERM DEBT DEBT OUTSTANDING (LDOD) .. 3,117 11,338 16,021 23,621 29,289 26,129 31,909 Public and publicly guaranteed .. 1,860 6,111 7,679 10,083 11,618 9,837 10,235 Official creditors .. 1,563 1,455 1,748 2,272 2,455 2,200 2,693 Multilateral .. 304 593 911 1,393 1,578 1,532 2,110 Concessional .. 11 76 134 289 299 306 341 Bilateral .. 1,259 862 837 878 877 668 583 Concessional .. 330 239 250 285 336 271 255 Private creditors .. 297 4,656 5,932 7,812 9,163 7,637 7,542 of which: Bonds .. 0 3,136 4,179 5,315 6,559 5,065 4,879 Commercial banks .. 193 1,245 1,459 2,246 2,374 2,254 2,334 Private nonguaranteed .. 1,257 5,227 8,342 13,538 17,671 16,293 21,674 Bonds .. 0 0 147 392 1,131 984 1,006 Commercial banks and other .. 1,257 5,227 8,195 13,146 16,540 15,309 20,668 Memo: IBRD .. 117 395 588 777 856 798 1,028 IDA .. 0 0 0 0 0 0 0 Public sector LDOD .. 1,275 5,394 6,997 9,431 11,066 9,399 9,938 Private sector LDOD .. 1,842 5,945 9,024 14,190 18,222 16,730 21,972 DISBURSEMENTS .. 519 3,357 5,115 9,173 7,763 5,685 10,367 Public and publicly guaranteed .. 203 1,513 1,667 2,027 1,938 855 1,277 Official creditors .. 72 219 259 460 251 262 585 Multilateral .. 60 83 217 400 190 254 582 Concessional .. 0 9 23 120 3 64 37 Bilateral .. 12 136 42 60 62 7 3 Concessional .. 6 17 9 25 62 7 0 Private creditors .. 131 1,293 1,408 1,567 1,686 594 692 of which: Bonds .. 0 833 672 781 1,245 0 188 Commercial banks .. 100 307 675 744 418 452 400 Private nonguaranteed .. 315 1,844 3,448 7,146 5,826 4,830 9,090 Bonds .. 0 0 125 216 671 70 286 Commercial banks and other .. 315 1,844 3,323 6,930 5,155 4,760 8,804 Memo: IBRD .. 50 55 135 160 98 81 243 IDA .. 0 0 0 0 0 0 0 PRINCIPAL REPAYMENTS .. 234 2,413 3,142 3,495 4,072 4,326 6,612 Public and publicly guaranteed .. 73 696 1,181 808 1,140 1,440 1,670 Official creditors .. 52 149 149 185 235 269 295 Multilateral .. 52 44 60 73 103 133 157 Concessional .. 12 0 0 0 15 14 35 Bilateral .. 0 105 89 112 132 136 138 Concessional .. 0 15 17 24 33 38 39 Private creditors .. 21 547 1,032 622 905 1,171 1,376 of which: Bonds .. 0 129 699 302 392 785 754 Commercial banks .. 0 378 249 201 453 331 518 Private nonguaranteed .. 161 1,717 1,961 2,688 2,931 2,885 4,941 Bonds .. 0 0 0 0 0 292 0 Commercial banks and other .. 161 1,717 1,961 2,688 2,931 2,593 4,941 Memo: IBRD .. 20 22 30 47 62 70 73 IDA .. 0 0 0 0 0 0 0 INTEREST PAYMENTS (LINT) .. 98 566 734 845 1,112 945 1,021 Public and publicly guaranteed .. 32 393 378 415 426 486 484 Official creditors .. 27 78 76 78 82 90 110 Multilateral .. 25 32 38 42 49 56 78 Concessional .. 1 3 5 7 13 13 15 Bilateral .. 2 46 38 36 34 34 32 Concessional .. 0 9 7 7 8 9 10 Private creditors .. 5 316 302 337 344 396 374 of which: Bonds .. 0 223 235 259 259 305 266 Commercial banks .. 0 79 55 67 78 86 101 Private nonguaranteed .. 66 173 356 430 686 460 537 Bonds .. 0 0 0 32 40 76 85 Commercial banks and other .. 66 173 356 398 646 384 452 Memo: IBRD .. 7 19 25 24 21 26 39 IDA .. 0 0 0 0 0 0 0 127 CROATIA (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 6. CURRENCY COMPOSITION OF PUBLIC AND PUBLICLY GUARANTEED DEBT (PERCENT) Euro .. .. .. 56.2 61.3 67.1 65.8 72.8 Japanese yen .. 3.7 9.6 10.1 10.9 9.7 10.0 7.5 Pound sterling .. 3.3 0.6 0.4 0.4 0.3 0.3 0.3 Swiss franc .. 2.7 2.0 1.8 1.4 1.1 1.2 1.0 U.S.dollars .. 30.2 40.8 28.2 23.4 19.7 20.7 16.8 7. DEBT RESTRUCTURINGS Total amount rescheduled .. 1,065 0 0 0 0 0 0 Debt stock rescheduled .. 0 0 0 0 0 0 0 Principal rescheduled .. 781 0 0 0 0 0 0 Official .. 719 0 0 0 0 0 0 Private .. 62 0 0 0 0 0 0 Interest rescheduled .. 70 0 0 0 0 0 0 Official .. 43 0 0 0 0 0 0 Private .. 27 0 0 0 0 0 0 Debt forgiven .. 0 0 1 0 0 0 0 Memo: interest forgiven .. 0 0 0 0 0 0 0 Debt stock reduction .. 0 0 0 0 0 0 0 of which debt buyback .. 0 0 0 0 0 0 0 8. DEBT STOCK-FLOW RECONCILIATION Total change in debt stocks .. 1,776 1,028 4,019 9,075 7,180 -2,487 7,030 Net flows on debt .. 627 1,164 1,932 7,082 5,220 2,031 4,990 Cross-currency valuation .. 29 -206 662 978 525 -1,183 757 9. AVERAGE TERMS OF NEW COMMITMENTS ALL CREDITORS Interest (%) .. 4.6 5.8 4.7 3.1 4.5 2.2 3.6 Maturity (years) .. 8.6 6.3 8.1 9.2 8.2 8.6 13.4 Grace period (years) .. 2.6 4.7 4.9 4.1 7.9 4.6 4.4 Grant element (%) .. 13.3 17.8 22.5 29.5 28.1 33.2 31.8 Official creditors Interest (%) .. 6.1 6.4 4.1 3.4 2.9 2.4 4.2 Maturity (years) .. 13.7 12.5 15.9 15.1 13.8 14.3 20.6 Grace period (years) .. 3.9 5.7 5.2 4.1 4.7 6.9 4.8 Grant element (%) .. 17.9 19.5 35.7 36.8 40.2 47.0 38.1 Private creditors Interest (%) .. 2.7 5.8 4.8 3.1 4.6 2.1 3.1 Maturity (years) .. 2.4 5.9 7.0 7.3 8.0 4.7 6.7 Grace period (years) .. 1.2 4.6 4.8 4.1 8.0 3.0 4.0 Grant element (%) .. 7.8 17.7 20.6 27.0 27.6 23.7 26.0 10. CONTRACTUAL OBLIGATIONS ON OUTSTANDING LONG-TERM DEBT 2007 2008 2009 2010 2011 2012 2013 2014 TOTAL Principal 4,966 4,118 5,543 3,082 5,159 1,006 797 1,405 Interest 1,190 1,004 865 678 519 310 289 264 Official creditors Principal 359 381 396 275 311 274 251 194 Interest 138 134 121 105 94 82 72 63 Bilateral creditors Principal 158 149 156 35 24 20 20 6 Interest 26 19 12 5 4 3 2 1 Multilateral creditors Principal 201 232 240 240 287 254 231 188 Interest 112 116 109 100 91 80 70 62 Private creditors Principal 4,606 3,737 5,147 2,807 4,848 732 545 1,211 Interest 1,052 870 744 572 425 227 217 202 Notes: Short term debt is based on reports provided by the country. Croatia became a member of the World Bank in 1993. 128 DJIBOUTI (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 1. SUMMARY DEBT DATA TOTAL DEBT STOCKS (EDT) 205.3 281.8 262.2 326.2 385.1 416.7 412.2 463.5 Long-term debt (LDOD) 155.2 268.9 237.9 296.1 355.5 382.1 376.9 426.4 Public and publicly guaranteed 155.2 268.9 237.9 296.1 355.5 382.1 376.9 426.4 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Use of IMF credit 0.0 0.0 13.4 20.5 20.4 21.2 18.7 18.0 Short-term debt 50.1 12.9 10.9 9.6 9.2 13.4 16.6 19.1 of which interest arrears on LDOD 0.1 3.5 6.9 6.2 8.3 8.7 8.7 9.5 Official creditors 0.1 3.5 6.9 5.6 7.6 8.0 7.9 8.7 Private creditors 0.0 0.0 0.0 0.6 0.7 0.7 0.7 0.8 Memorandum items Principal arrears on LDOD 1.2 13.1 24.4 7.7 16.8 20.3 22.7 26.9 Official creditors 1.2 13.1 24.4 5.7 14.3 17.4 19.7 23.8 Private creditors 0.0 0.0 0.0 2.0 2.5 2.9 3.1 3.1 TOTAL DEBT FLOWS Disbursements 27.0 18.4 11.3 36.8 30.4 26.3 30.6 52.4 Long-term debt 27.0 18.4 7.7 30.9 30.4 26.3 30.6 52.4 IMF purchases 0.0 0.0 3.6 5.9 0.0 0.0 0.0 0.0 Principal repayments 8.9 9.2 10.7 9.5 12.3 13.3 10.8 17.3 Long-term debt 8.9 9.2 8.4 7.2 10.5 13.1 10.0 15.7 IMF repurchases 0.0 0.0 2.3 2.3 1.8 0.2 0.8 1.6 Net flows on debt 20.8 13.2 -2.2 26.6 15.5 16.8 23.0 36.8 of which short-term debt 2.8 3.9 -2.9 -0.6 -2.6 3.8 3.2 1.7 Interest payments (INT) 6.0 2.5 2.8 2.5 3.3 4.4 3.9 5.2 Long-term debt 2.1 2.0 2.2 2.2 3.1 4.2 3.6 4.9 IMF charges 0.0 0.0 0.4 0.2 0.1 0.1 0.1 0.1 Short-term debt 3.9 0.5 0.2 0.1 0.0 0.2 0.2 0.3 Net transfers on debt 14.8 10.7 -5.1 24.1 12.2 12.4 19.0 31.6 Total debt service paid (TDS) 14.9 11.6 13.5 12.1 15.6 17.7 14.7 22.6 Long-term debt 11.0 11.1 10.6 9.4 13.6 17.3 13.6 20.6 IMF repurchases and charges 0.0 0.0 2.7 2.5 2.0 0.3 0.9 1.7 Short-term debt (interest only) 3.9 0.5 0.2 0.1 0.0 0.2 0.2 0.3 2. OTHER NET RESOURCE FLOWS (LONG-TERM) Net flow of long-term debt (ex. IMF) 18.0 9.2 -0.7 23.7 19.9 13.2 20.6 36.7 Foreign direct investment (net) 0.0 3.2 3.3 3.5 14.2 38.5 22.6 108.3 Portfolio equity flows 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Grants (excluding technical coop.) 130.7 48.8 27.9 28.6 26.0 30.3 43.2 66.6 of which: Debt forgiveness grants .. .. 0.3 0.2 0.1 0.1 0.1 0.1 IDA grants .. .. .. 0.0 1.1 2.6 4.6 4.7 Memo: technical coop. grants 43.8 45.7 23.6 23.7 27.6 29.5 32.1 42.6 Interest on long-term debt 2.1 2.0 2.2 2.2 3.1 4.2 3.6 4.9 Profit remittances on FDI 0.0 4.6 4.2 4.4 6.0 6.0 5.9 5.9 3. MAJOR ECONOMIC AGGREGATES Gross national income (GNI) .. 515.0 567.0 606.4 673.0 731.1 775.8 854.0 Exports of goods, serv. & inc. (XGS) .. 221.8 219.2 253.3 287.1 287.0 322.8 350.8 Worker remit. & comp. of employees 0.0 12.0 0.0 0.0 24.7 24.7 25.9 28.5 Imports of goods & services (MGS) .. 263.5 287.1 267.8 315.5 349.3 372.3 443.1 International reserves (RES) 93.6 72.2 67.8 73.7 100.1 93.9 89.3 120.3 Current account balance .. 17.5 -19.0 26.5 38.1 3.2 20.1 -17.2 4. DEBT INDICATORS EDT / XGS (%) .. 127.1 119.6 128.8 134.1 145.2 127.7 132.1 EDT / GNI (%) .. 54.7 46.2 53.8 57.2 57.0 53.1 54.3 TDS / XGS (%) .. 5.2 6.2 4.8 5.4 6.2 4.6 6.4 INT / XGS (%) .. 1.1 1.3 1.0 1.1 1.5 1.2 1.5 INT / GNI (%) .. 0.5 0.5 0.4 0.5 0.6 0.5 0.6 RES / EDT (%) 45.6 25.6 25.9 22.6 26.0 22.5 21.7 26.0 RES / MGS (months) .. 3.3 2.8 3.3 3.8 3.2 2.9 3.3 Short-term / EDT (%) 24.4 4.6 4.2 3.0 2.4 3.2 4.0 4.1 Concessional / EDT (%) 74.0 94.8 90.5 87.5 89.0 88.8 88.9 88.1 Multilateral / EDT (%) 41.9 48.4 52.8 60.4 63.5 65.9 66.3 69.0 129 DJIBOUTI (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 5. LONG-TERM DEBT DEBT OUTSTANDING (LDOD) 155.2 268.9 237.9 296.1 355.5 382.1 376.9 426.4 Public and publicly guaranteed 155.2 268.9 237.9 296.1 355.5 382.1 376.9 426.4 Official creditors 155.2 268.9 237.9 290.5 349.9 376.6 371.4 420.9 Multilateral 86.1 136.4 138.3 197.0 244.7 274.6 273.1 320.0 Concessional 83.0 134.7 137.7 193.7 238.5 269.0 268.8 307.6 Bilateral 69.2 132.5 99.6 93.6 105.2 102.0 98.3 100.9 Concessional 68.9 132.4 99.6 91.8 104.1 101.1 97.7 100.6 Private creditors 0.0 0.0 0.0 5.6 5.6 5.6 5.6 5.6 of which: Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 0.0 5.6 5.6 5.6 5.6 5.6 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks and other 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 31.1 46.2 49.9 78.5 112.1 126.4 120.3 133.3 Public sector LDOD 155.2 268.9 237.9 296.1 355.5 382.1 376.9 426.4 Private sector LDOD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 DISBURSEMENTS 27.0 18.4 7.7 30.9 30.4 26.3 30.6 52.4 Public and publicly guaranteed 27.0 18.4 7.7 30.9 30.4 26.3 30.6 52.4 Official creditors 27.0 18.4 7.7 30.9 30.4 26.3 30.6 52.4 Multilateral 8.9 10.0 7.7 26.6 27.8 25.1 21.3 46.1 Concessional 8.9 10.0 7.7 25.2 27.8 25.1 21.3 38.3 Bilateral 18.0 8.4 0.0 4.3 2.6 1.2 9.3 6.4 Concessional 18.0 8.4 0.0 2.5 2.6 1.2 9.3 6.4 Private creditors 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 of which: Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks and other 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 2.5 2.8 3.9 17.7 25.8 9.8 4.7 8.8 PRINCIPAL REPAYMENTS 8.9 9.2 8.4 7.2 10.5 13.1 10.0 15.7 Public and publicly guaranteed 8.9 9.2 8.4 7.2 10.5 13.1 10.0 15.7 Official creditors 8.3 9.2 8.4 7.2 10.5 13.1 10.0 15.7 Multilateral 3.5 4.4 4.0 2.7 3.4 5.1 4.5 9.0 Concessional 3.3 4.1 4.0 2.2 3.1 4.2 3.8 8.4 Bilateral 4.8 4.8 4.4 4.5 7.0 8.0 5.4 6.7 Concessional 4.7 4.7 4.4 4.5 6.7 7.7 5.1 6.4 Private creditors 0.6 0.0 0.0 0.0 0.0 0.0 0.0 0.0 of which: Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.4 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks and other 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 0.0 0.3 0.5 0.6 0.9 1.2 1.4 1.2 INTEREST PAYMENTS (LINT) 2.1 2.0 2.2 2.2 3.1 4.2 3.6 4.9 Public and publicly guaranteed 2.1 2.0 2.2 2.2 3.1 4.2 3.6 4.9 Official creditors 2.1 2.0 2.2 2.2 3.1 4.2 3.6 4.9 Multilateral 1.3 0.9 1.4 1.6 2.2 2.6 2.6 3.8 Concessional 1.3 0.9 1.4 1.5 2.1 2.5 2.5 3.7 Bilateral 0.8 1.1 0.8 0.6 1.0 1.6 1.0 1.1 Concessional 0.7 1.1 0.8 0.6 1.0 1.6 1.0 1.1 Private creditors 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 of which: Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks and other 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 0.2 0.3 0.4 0.4 0.7 1.1 1.0 0.8 130 DJIBOUTI (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 6. CURRENCY COMPOSITION OF PUBLIC AND PUBLICLY GUARANTEED DEBT (PERCENT) Euro .. .. .. 13.4 14.1 13.9 11.8 11.4 Japanese yen 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Pound sterling 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Swiss franc 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 U.S.dollars 13.9 12.4 16.2 27.1 32.1 33.6 34.1 34.4 7. DEBT RESTRUCTURINGS Total amount rescheduled 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Debt stock rescheduled 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal rescheduled 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Official 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Interest rescheduled 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Official 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Debt forgiven 0.0 0.0 0.0 1.2 0.0 0.3 1.1 2.1 Memo: interest forgiven 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Debt stock reduction 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 of which debt buyback 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 8. DEBT STOCK-FLOW RECONCILIATION Total change in debt stocks 26.8 18.7 -12.5 63.5 58.9 31.6 -4.5 51.3 Net flows on debt 20.8 13.2 -2.2 26.6 15.5 16.8 23.0 36.8 Cross-currency valuation 3.0 1.8 -6.5 16.0 19.0 10.1 -18.0 11.8 9. AVERAGE TERMS OF NEW COMMITMENTS ALL CREDITORS Interest (%) 0.8 0.0 2.3 1.6 0.9 2.2 0.9 2.8 Maturity (years) 39.7 0.0 29.9 30.7 25.3 31.8 43.3 9.4 Grace period (years) 10.2 0.0 6.9 7.6 6.1 6.9 10.3 4.6 Grant element (%) 80.5 0.0 59.5 64.9 61.1 60.8 80.2 44.3 Official creditors Interest (%) 0.8 0.0 2.3 1.6 0.9 2.2 0.9 2.8 Maturity (years) 39.7 0.0 29.9 30.7 25.3 31.8 43.3 9.4 Grace period (years) 10.2 0.0 6.9 7.6 6.1 6.9 10.3 4.6 Grant element (%) 80.5 0.0 59.5 64.9 61.1 60.8 80.2 44.3 Private creditors Interest (%) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Maturity (years) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Grace period (years) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Grant element (%) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 10. CONTRACTUAL OBLIGATIONS ON OUTSTANDING LONG-TERM DEBT 2007 2008 2009 2010 2011 2012 2013 2014 TOTAL Principal 23.3 23.6 24.5 25.8 26.7 44.3 23.2 21.4 Interest 6.2 6.3 6.8 6.8 6.6 6.3 5.4 5.0 Official creditors Principal 23.3 23.5 24.4 25.6 26.6 44.1 23.1 21.2 Interest 6.2 6.3 6.8 6.8 6.5 6.2 5.3 4.9 Bilateral creditors Principal 12.4 12.7 10.3 10.1 10.1 9.7 5.3 3.3 Interest 1.6 1.5 1.3 1.2 1.0 0.8 0.7 0.6 Multilateral creditors Principal 10.9 10.9 14.1 15.5 16.5 34.5 17.8 17.9 Interest 4.6 4.8 5.5 5.6 5.5 5.4 4.7 4.4 Private creditors Principal 0.0 0.1 0.1 0.1 0.1 0.1 0.1 0.1 Interest 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Notes: Data on long-term public and publicly guaranteed debt for 2006 are based on reports provided by the country. Short-term debt data are based on World Bank staff estimates. 131 DOMINICA (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 1. SUMMARY DEBT DATA TOTAL DEBT STOCKS (EDT) 88.0 107.0 166.8 228.7 287.3 305.8 285.7 268.8 Long-term debt (LDOD) 80.2 98.6 147.8 200.4 206.3 226.4 233.6 232.8 Public and publicly guaranteed 80.2 98.6 147.8 200.4 206.3 226.4 233.6 232.8 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Use of IMF credit 5.7 1.7 0.0 2.8 7.9 9.2 11.6 14.0 Short-term debt 2.0 6.7 19.0 25.6 73.0 70.1 40.6 22.0 of which interest arrears on LDOD 0.0 0.2 0.0 2.1 3.0 3.1 8.6 11.0 Official creditors 0.0 0.2 0.0 0.1 0.2 0.2 0.7 0.2 Private creditors 0.0 0.0 0.0 1.9 2.8 3.0 7.9 10.8 Memorandum items Principal arrears on LDOD 0.2 1.8 0.3 0.8 2.6 5.8 9.3 8.7 Official creditors 0.2 1.8 0.3 0.3 1.4 4.4 7.5 6.6 Private creditors 0.1 0.0 0.0 0.5 1.2 1.4 1.8 2.1 TOTAL DEBT FLOWS Disbursements 11.5 9.5 56.2 34.6 23.7 30.9 8.5 11.8 Long-term debt 11.5 9.5 56.2 31.9 19.2 30.0 4.9 8.4 IMF purchases 0.0 0.0 0.0 2.7 4.6 0.9 3.5 3.4 Principal repayments 3.8 4.6 6.9 6.1 7.0 8.9 11.7 13.6 Long-term debt 2.5 3.7 6.9 6.1 7.0 8.9 11.4 12.0 IMF repurchases 1.4 0.9 0.0 0.0 0.0 0.0 0.4 1.6 Net flows on debt 7.8 4.4 49.5 30.0 63.3 18.9 -38.3 -22.9 of which short-term debt 0.1 -0.5 0.2 1.5 46.5 -3.0 -35.0 -21.0 Interest payments (INT) 2.0 2.5 4.1 6.0 8.1 8.8 7.0 7.6 Long-term debt 1.6 2.1 3.0 5.3 6.7 6.7 5.3 6.3 IMF charges 0.2 0.0 0.0 0.0 0.1 0.1 0.2 0.2 Short-term debt 0.2 0.4 1.1 0.7 1.4 2.1 1.5 1.1 Net transfers on debt 5.9 1.9 45.4 24.0 55.2 10.1 -45.3 -30.5 Total debt service paid (TDS) 5.8 7.1 11.0 12.1 15.1 17.8 18.8 21.3 Long-term debt 4.1 5.8 9.9 11.4 13.6 15.6 16.7 18.3 IMF repurchases and charges 1.6 0.9 0.0 0.0 0.1 0.1 0.6 1.8 Short-term debt (interest only) 0.2 0.4 1.1 0.7 1.4 2.1 1.5 1.1 2. OTHER NET RESOURCE FLOWS (LONG-TERM) Net flow of long-term debt (ex. IMF) 9.0 5.8 49.3 25.8 12.2 21.0 -6.4 -3.7 Foreign direct investment (net) 12.9 54.1 17.6 20.1 31.5 26.2 32.6 33.5 Portfolio equity flows -0.4 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Grants (excluding technical coop.) 3.1 24.6 5.0 21.4 2.8 17.5 5.9 16.4 of which: Debt forgiveness grants .. .. 0.0 0.0 0.0 0.0 0.0 1.0 IDA grants .. .. .. 0.0 0.0 0.0 0.0 0.0 Memo: technical coop. grants 2.9 3.6 3.3 2.7 2.3 2.4 2.8 1.4 Interest on long-term debt 1.6 2.1 3.0 5.3 6.7 6.7 5.3 6.3 Profit remittances on FDI 5.4 12.2 33.0 18.2 15.8 21.8 36.0 0.0 3. MAJOR ECONOMIC AGGREGATES Gross national income (GNI) 161.4 210.7 231.9 229.4 238.2 253.5 272.9 .. Exports of goods, serv. & inc. (XGS) 102.8 114.9 149.2 126.0 120.6 133.9 132.6 .. Worker remit. & comp. of employees 14.0 3.0 3.0 4.0 4.0 4.0 4.6 4.6 Imports of goods & services (MGS) 142.9 163.5 227.1 186.9 177.8 211.2 245.8 .. International reserves (RES) 14.5 22.1 29.4 45.5 47.7 42.3 49.2 63.0 Current account balance -43.5 -40.7 -59.8 -47.2 -44.4 -60.5 -93.4 .. 4. DEBT INDICATORS EDT / XGS (%) 85.5 93.1 111.8 181.5 238.3 228.3 215.4 .. EDT / GNI (%) 54.5 50.8 71.9 99.7 120.6 120.6 104.7 .. TDS / XGS (%) 5.6 6.1 7.4 9.6 12.5 13.3 14.1 .. INT / XGS (%) 1.9 2.1 2.8 4.8 6.7 6.6 5.3 .. INT / GNI (%) 1.2 1.2 1.8 2.6 3.4 3.5 2.6 .. RES / EDT (%) 16.4 20.7 17.6 19.9 16.6 13.8 17.2 23.5 RES / MGS (months) 1.2 1.6 1.6 2.9 3.2 2.4 2.4 .. Short-term / EDT (%) 2.3 6.3 11.4 11.2 25.4 22.9 14.2 8.2 Concessional / EDT (%) 87.3 83.2 59.2 52.9 45.4 46.4 48.4 47.5 Multilateral / EDT (%) 65.7 61.0 50.1 45.0 40.2 41.4 43.5 46.1 132 DOMINICA (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 5. LONG-TERM DEBT DEBT OUTSTANDING (LDOD) 80.2 98.6 147.8 200.4 206.3 226.4 233.6 232.8 Public and publicly guaranteed 80.2 98.6 147.8 200.4 206.3 226.4 233.6 232.8 Official creditors 80.2 98.6 116.1 140.3 156.3 166.8 164.4 164.2 Multilateral 57.8 65.3 83.5 102.9 115.6 126.5 124.3 123.9 Concessional 54.4 55.7 67.0 84.5 91.4 103.1 102.1 101.4 Bilateral 22.4 33.3 32.7 37.4 40.7 40.3 40.1 40.2 Concessional 22.4 33.3 31.8 36.6 39.0 38.8 36.3 26.4 Private creditors 0.1 0.0 31.6 60.0 50.0 59.6 69.2 68.7 of which: Bonds 0.0 0.0 31.6 35.3 36.6 36.6 36.6 36.6 Commercial banks 0.1 0.0 0.0 11.2 10.9 20.5 30.1 29.6 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks and other 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 0.0 2.4 3.7 4.1 4.1 3.9 3.3 IDA 10.4 12.2 13.6 16.6 18.2 23.2 21.7 22.5 Public sector LDOD 80.2 98.6 147.8 200.4 206.3 226.4 233.6 232.8 Private sector LDOD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 DISBURSEMENTS 11.5 9.5 56.2 31.9 19.2 30.0 4.9 8.4 Public and publicly guaranteed 11.5 9.5 56.2 31.9 19.2 30.0 4.9 8.4 Official creditors 11.5 9.5 25.7 15.3 18.2 19.4 4.9 8.4 Multilateral 8.3 3.5 19.3 9.1 14.0 19.0 4.3 7.9 Concessional 6.7 2.7 13.9 6.9 8.7 16.4 3.4 2.6 Bilateral 3.2 6.0 6.3 6.2 4.2 0.5 0.6 0.5 Concessional 3.2 6.0 5.6 6.2 3.2 0.5 0.6 0.5 Private creditors 0.0 0.0 30.5 16.7 1.0 10.5 0.0 0.0 of which: Bonds 0.0 0.0 30.5 3.7 1.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 0.0 11.2 0.0 10.5 0.0 0.0 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks and other 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 0.0 0.7 1.0 0.7 0.4 0.3 0.0 IDA 0.9 0.1 -0.1 1.8 0.3 4.3 0.5 0.1 PRINCIPAL REPAYMENTS 2.5 3.7 6.9 6.1 7.0 8.9 11.4 12.0 Public and publicly guaranteed 2.5 3.7 6.9 6.1 7.0 8.9 11.4 12.0 Official creditors 2.4 3.7 6.9 6.1 6.7 8.9 10.8 11.5 Multilateral 2.1 2.2 3.8 4.4 5.2 6.8 8.1 9.2 Concessional 2.1 1.9 3.2 3.9 4.5 4.4 3.7 3.4 Bilateral 0.3 1.6 3.0 1.7 1.5 2.1 2.8 2.3 Concessional 0.3 1.6 3.0 1.7 1.4 1.9 2.7 2.2 Private creditors 0.1 0.0 0.0 0.0 0.3 0.0 0.5 0.5 of which: Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.1 0.0 0.0 0.0 0.3 0.0 0.5 0.5 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks and other 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 0.0 0.0 0.0 0.2 0.4 0.4 0.6 IDA 0.0 0.1 0.1 0.2 0.2 0.2 0.3 0.3 INTEREST PAYMENTS (LINT) 1.6 2.1 3.0 5.3 6.7 6.7 5.3 6.3 Public and publicly guaranteed 1.6 2.1 3.0 5.3 6.7 6.7 5.3 6.3 Official creditors 1.6 2.1 3.0 3.4 4.3 3.6 4.2 4.8 Multilateral 1.4 1.6 1.9 2.5 2.9 2.4 3.2 3.3 Concessional 1.3 1.3 1.4 1.7 2.1 1.6 2.2 2.3 Bilateral 0.2 0.4 1.0 0.9 1.4 1.2 1.0 1.5 Concessional 0.2 0.4 1.0 0.8 1.3 1.2 1.0 1.4 Private creditors 0.0 0.0 0.1 1.9 2.3 3.1 1.2 1.5 of which: Bonds 0.0 0.0 0.1 1.6 1.5 3.1 0.1 0.1 Commercial banks 0.0 0.0 0.0 0.0 0.8 0.0 1.1 1.4 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks and other 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 0.0 0.1 0.2 0.2 0.2 0.2 0.2 IDA 0.1 0.1 0.1 0.1 0.1 0.2 0.2 0.2 133 DOMINICA (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 6. CURRENCY COMPOSITION OF PUBLIC AND PUBLICLY GUARANTEED DEBT (PERCENT) Euro .. .. .. 5.2 7.0 6.4 5.5 5.7 Japanese yen 0.3 1.0 0.4 0.0 0.0 0.0 0.0 0.0 Pound sterling 16.5 12.8 2.7 0.1 0.1 0.0 0.0 0.0 Swiss franc 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 U.S.dollars 51.7 58.5 80.1 86.2 84.5 84.6 86.3 86.2 7. DEBT RESTRUCTURINGS Total amount rescheduled 0.0 0.0 0.0 0.0 0.0 18.1 14.6 11.5 Debt stock rescheduled 0.0 0.0 0.0 0.0 0.0 4.6 0.0 0.0 Principal rescheduled 0.0 0.0 0.0 0.0 0.0 1.1 0.1 11.3 Official 0.0 0.0 0.0 0.0 0.0 0.6 0.1 11.3 Private 0.0 0.0 0.0 0.0 0.0 0.6 0.0 0.0 Interest rescheduled 0.0 0.0 0.0 0.0 0.0 0.1 0.0 0.0 Official 0.0 0.0 0.0 0.0 0.0 0.1 0.0 0.0 Private 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Debt forgiven 3.3 0.0 0.0 0.0 0.0 0.0 0.1 0.0 Memo: interest forgiven 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Debt stock reduction 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 of which debt buyback 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 8. DEBT STOCK-FLOW RECONCILIATION Total change in debt stocks 10.4 8.8 49.0 13.3 58.5 18.5 -20.1 -16.8 Net flows on debt 7.8 4.4 49.5 30.0 63.3 18.9 -38.3 -22.9 Cross-currency valuation 4.7 1.2 -2.7 4.4 4.6 3.0 -5.1 3.5 9. AVERAGE TERMS OF NEW COMMITMENTS ALL CREDITORS Interest (%) 3.0 2.6 4.5 3.6 1.6 2.9 2.4 0.0 Maturity (years) 25.2 26.4 18.7 17.5 13.2 29.5 21.9 0.0 Grace period (years) 8.5 8.8 5.9 4.7 4.5 13.9 7.6 0.0 Grant element (%) 53.8 56.5 33.5 37.9 39.5 61.0 55.3 0.0 Official creditors Interest (%) 3.0 2.6 5.2 2.1 1.6 0.8 2.4 0.0 Maturity (years) 25.2 26.4 21.3 18.1 13.2 34.7 21.9 0.0 Grace period (years) 8.5 8.8 6.9 6.4 4.5 10.2 7.6 0.0 Grant element (%) 53.8 56.5 34.1 49.5 39.5 78.7 55.3 0.0 Private creditors Interest (%) 0.0 0.0 1.9 6.0 0.0 3.5 0.0 0.0 Maturity (years) 0.0 0.0 9.2 16.5 0.0 28.0 0.0 0.0 Grace period (years) 0.0 0.0 2.3 1.9 0.0 15.0 0.0 0.0 Grant element (%) 0.0 0.0 31.3 18.7 0.0 56.0 0.0 0.0 10. CONTRACTUAL OBLIGATIONS ON OUTSTANDING LONG-TERM DEBT 2007 2008 2009 2010 2011 2012 2013 2014 TOTAL Principal 29.4 11.8 14.3 11.4 10.7 10.1 10.6 41.0 Interest 8.3 8.1 7.9 7.6 7.3 7.0 6.6 6.3 Official creditors Principal 24.9 11.3 11.8 10.5 10.2 9.5 10.1 9.9 Interest 4.4 4.3 4.2 4.0 3.8 3.5 3.2 2.9 Bilateral creditors Principal 12.5 3.4 3.4 2.0 2.0 2.1 2.7 2.6 Interest 1.2 1.3 1.4 1.4 1.4 1.4 1.3 1.2 Multilateral creditors Principal 12.4 8.0 8.5 8.5 8.2 7.5 7.4 7.3 Interest 3.1 3.0 2.8 2.6 2.4 2.1 1.9 1.7 Private creditors Principal 4.6 0.5 2.4 0.9 0.5 0.5 0.5 31.1 Interest 4.0 3.8 3.7 3.6 3.5 3.4 3.4 3.4 Notes: 0 134 DOMINICAN REPUBLIC (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 1. SUMMARY DEBT DATA TOTAL DEBT STOCKS (EDT) 4,372 4,447 4,541 6,251 6,642 7,305 7,756 8,905 Long-term debt (LDOD) 3,518 3,672 3,311 4,201 5,427 6,156 6,453 6,984 Public and publicly guaranteed 3,419 3,653 3,311 4,030 5,427 6,156 6,452 6,571 Private nonguaranteed 99 19 0 171 0 0 2 414 Use of IMF credit 72 160 52 27 130 204 400 459 Short-term debt 782 616 1,178 2,023 1,084 945 902 1,461 of which interest arrears on LDOD 506 214 28 32 43 28 21 10 Official creditors 304 157 22 24 25 17 14 1 Private creditors 202 58 6 8 18 11 7 9 Memorandum items Principal arrears on LDOD 614 320 56 82 118 82 147 31 Official creditors 444 261 52 75 93 61 85 6 Private creditors 169 59 4 6 25 21 62 25 TOTAL DEBT FLOWS Disbursements 138 195 303 735 1,826 1,197 1,161 1,665 Long-term debt 138 195 303 735 1,703 1,132 941 1,524 IMF purchases 0 0 0 0 122 65 220 142 Principal repayments 146 234 257 404 617 479 509 1,027 Long-term debt 88 200 257 378 589 479 509 922 IMF repurchases 58 34 0 26 28 0 0 105 Net flows on debt 15 105 311 1,052 258 594 617 1,208 of which short-term debt 23 143 265 721 -950 -124 -36 570 Interest payments (INT) 86 175 263 267 305 331 256 319 Long-term debt 59 145 211 212 244 287 219 254 IMF charges 9 10 3 1 0 5 9 22 Short-term debt 19 20 50 54 61 39 27 42 Net transfers on debt -71 -70 48 785 -47 263 361 889 Total debt service paid (TDS) 232 409 520 671 923 810 764 1,346 Long-term debt 147 345 468 590 834 767 728 1,177 IMF repurchases and charges 67 44 3 27 28 5 9 127 Short-term debt (interest only) 19 20 50 54 61 39 27 42 2. OTHER NET RESOURCE FLOWS (LONG-TERM) Net flow of long-term debt (ex. IMF) 50 -5 46 357 1,114 653 433 601 Foreign direct investment (net) 133 414 953 917 613 909 1,023 1,183 Portfolio equity flows 0 0 0 0 0 0 0 0 Grants (excluding technical coop.) 29 41 44 51 44 63 71 82 of which: Debt forgiveness grants .. .. 0 0 0 0 0 1 IDA grants .. .. .. 0 0 0 0 0 Memo: technical coop. grants 44 51 57 74 66 60 65 70 Interest on long-term debt 59 145 211 212 244 287 219 254 Profit remittances on FDI 90 624 1,068 1,153 1,391 1,664 1,763 1,727 3. MAJOR ECONOMIC AGGREGATES Gross national income (GNI) 6,759 11,774 18,731 20,473 14,932 16,633 27,605 30,111 Exports of goods, serv. & inc. (XGS) 2,233 6,653 10,953 10,496 11,341 12,006 12,906 13,968 Worker remit. & comp. of employees 315 839 1,839 2,195 2,325 2,501 2,719 3,044 Imports of goods & services (MGS) 2,568 7,034 12,193 11,603 10,580 11,256 13,651 15,040 International reserves (RES) 69 373 632 475 261 806 1,853 2,127 Current account balance -280 -183 -1,027 -798 1,036 1,047 -478 -786 4. DEBT INDICATORS EDT / XGS (%) 195.8 66.8 41.5 59.6 58.6 60.8 60.1 63.8 EDT / GNI (%) 64.7 37.8 24.2 30.5 44.5 43.9 28.1 29.6 TDS / XGS (%) 10.4 6.1 4.8 6.4 8.1 6.7 5.9 9.6 INT / XGS (%) 3.9 2.6 2.4 2.5 2.7 2.8 2.0 2.3 INT / GNI (%) 1.3 1.5 1.4 1.3 2.0 2.0 0.9 1.1 RES / EDT (%) 1.6 8.4 13.9 7.6 3.9 11.0 23.9 23.9 RES / MGS (months) 0.3 0.6 0.6 0.5 0.3 0.9 1.6 1.7 Short-term / EDT (%) 17.9 13.8 25.9 32.4 16.3 12.9 11.6 16.4 Concessional / EDT (%) 27.5 37.6 31.1 20.5 18.7 18.6 19.5 19.4 Multilateral / EDT (%) 19.6 23.2 24.9 21.7 22.7 23.9 23.3 21.2 135 DOMINICAN REPUBLIC (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 5. LONG-TERM DEBT DEBT OUTSTANDING (LDOD) 3,518 3,672 3,311 4,201 5,427 6,156 6,453 6,984 Public and publicly guaranteed 3,419 3,653 3,311 4,030 5,427 6,156 6,452 6,571 Official creditors 2,383 2,996 2,541 2,471 2,534 2,851 3,055 3,294 Multilateral 858 1,033 1,132 1,357 1,510 1,745 1,808 1,891 Concessional 432 438 452 427 441 431 399 387 Bilateral 1,525 1,962 1,409 1,114 1,024 1,105 1,248 1,403 Concessional 772 1,234 963 855 797 926 1,116 1,344 Private creditors 1,036 657 770 1,559 2,894 3,305 3,396 3,277 of which: Bonds 0 520 506 967 1,547 1,527 1,450 1,755 Commercial banks 775 33 83 255 452 583 625 581 Private nonguaranteed 99 19 0 171 0 0 2 414 Bonds 0 0 0 0 0 0 0 412 Commercial banks and other 99 19 0 171 0 0 2 2 Memo: IBRD 238 282 292 350 350 379 405 438 IDA 20 17 14 13 12 11 11 10 Public sector LDOD 3,391 3,626 3,299 4,019 5,417 6,147 6,444 6,564 Private sector LDOD 127 46 13 182 10 9 9 420 DISBURSEMENTS 138 195 303 735 1,703 1,132 941 1,524 Public and publicly guaranteed 138 195 303 547 1,703 1,132 940 1,112 Official creditors 136 187 124 216 233 405 392 590 Multilateral 84 157 100 167 188 325 199 182 Concessional 21 44 13 2 3 3 2 2 Bilateral 53 30 23 49 45 80 193 409 Concessional 20 17 23 37 26 54 177 390 Private creditors 2 8 179 331 1,470 727 548 521 of which: Bonds 0 0 0 0 600 0 0 324 Commercial banks 0 8 61 151 250 265 184 82 Private nonguaranteed 0 0 0 188 0 0 2 412 Bonds 0 0 0 0 0 0 0 412 Commercial banks and other 0 0 0 188 0 0 2 0 Memo: IBRD 39 36 39 57 31 66 64 67 IDA 0 0 0 0 0 0 0 0 PRINCIPAL REPAYMENTS 88 200 257 378 589 479 509 922 Public and publicly guaranteed 83 184 257 361 418 479 509 922 Official creditors 83 161 216 252 270 158 160 277 Multilateral 38 79 63 73 85 105 110 112 Concessional 6 20 18 19 19 22 24 24 Bilateral 44 82 153 179 185 52 50 165 Concessional 8 47 93 87 118 26 28 111 Private creditors 0 23 41 109 148 322 349 646 of which: Bonds 0 0 4 20 20 20 20 20 Commercial banks 0 3 12 30 57 136 126 127 Private nonguaranteed 5 16 0 17 171 0 0 0 Bonds 0 0 0 0 0 0 0 0 Commercial banks and other 5 16 0 17 171 0 0 0 Memo: IBRD 19 40 21 24 32 37 38 34 IDA 0 1 1 1 1 1 1 1 INTEREST PAYMENTS (LINT) 59 145 211 212 244 287 219 254 Public and publicly guaranteed 56 143 211 202 235 287 219 253 Official creditors 55 120 157 111 109 87 104 136 Multilateral 32 51 58 63 62 77 82 89 Concessional 4 10 8 7 8 9 8 8 Bilateral 23 69 99 48 47 10 21 46 Concessional 7 53 54 29 32 8 19 40 Private creditors 1 23 54 91 126 200 116 117 of which: Bonds 0 13 38 63 87 111 15 38 Commercial banks 0 3 6 12 19 22 29 37 Private nonguaranteed 3 2 0 9 9 0 0 2 Bonds 0 0 0 0 0 0 0 2 Commercial banks and other 3 2 0 9 9 0 0 0 Memo: IBRD 14 20 22 22 21 21 21 23 IDA 0 0 0 0 0 0 0 0 136 DOMINICAN REPUBLIC (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 6. CURRENCY COMPOSITION OF PUBLIC AND PUBLICLY GUARANTEED DEBT (PERCENT) Euro .. .. .. 2.4 2.0 2.2 1.5 1.1 Japanese yen 6.4 7.7 5.0 4.2 3.5 2.7 2.1 1.5 Pound sterling 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Swiss franc 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 U.S.dollars 68.4 63.7 73.8 79.9 84.5 86.8 89.5 91.1 7. DEBT RESTRUCTURINGS Total amount rescheduled 7 2 0 0 0 210 1,209 0 Debt stock rescheduled 0 0 0 0 0 0 1,100 0 Principal rescheduled 1 1 0 2 0 173 53 0 Official 1 1 0 2 0 167 53 0 Private 0 0 0 0 0 6 0 0 Interest rescheduled 2 0 0 1 0 37 7 0 Official 2 0 0 1 0 30 7 0 Private 0 0 0 0 0 7 0 0 Debt forgiven 7 0 1 0 15 0 0 0 Memo: interest forgiven 0 0 0 0 0 0 0 0 Debt stock reduction 0 0 0 0 0 0 0 0 of which debt buyback 0 0 0 0 0 0 0 0 8. DEBT STOCK-FLOW RECONCILIATION Total change in debt stocks 334 173 -145 1,117 390 664 451 1,149 Net flows on debt 15 105 311 1,052 258 594 617 1,208 Cross-currency valuation 52 18 -51 54 -126 9 106 205 9. AVERAGE TERMS OF NEW COMMITMENTS ALL CREDITORS Interest (%) 5.9 6.6 6.6 2.6 6.2 3.5 1.9 7.2 Maturity (years) 24.5 19.8 11.3 12.1 11.1 12.7 11.0 19.8 Grace period (years) 6.4 5.1 2.1 2.8 4.3 4.3 3.8 14.2 Grant element (%) 31.3 21.2 14.8 34.6 17.5 35.0 50.2 20.3 Official creditors Interest (%) 5.8 6.6 6.8 3.5 3.4 3.5 1.7 4.9 Maturity (years) 24.9 20.2 12.7 16.3 13.3 12.7 12.0 19.2 Grace period (years) 6.4 5.2 1.3 2.2 3.0 4.3 4.1 5.2 Grant element (%) 32.0 21.7 13.8 32.9 33.6 35.0 54.7 33.9 Private creditors Interest (%) 9.8 8.4 6.5 2.3 6.6 0.0 3.2 8.7 Maturity (years) 9.1 9.5 10.1 10.4 10.9 0.0 3.8 20.3 Grace period (years) 4.6 2.0 2.7 3.0 4.5 0.0 1.2 20.3 Grant element (%) -0.2 5.8 15.5 35.3 15.8 0.0 14.5 11.1 10. CONTRACTUAL OBLIGATIONS ON OUTSTANDING LONG-TERM DEBT 2007 2008 2009 2010 2011 2012 2013 2014 TOTAL Principal 926 641 546 463 906 410 752 323 Interest 373 341 317 300 285 225 209 177 Official creditors Principal 439 351 327 309 294 293 363 247 Interest 141 127 115 107 98 88 78 64 Bilateral creditors Principal 180 98 98 117 133 130 209 105 Interest 40 35 33 31 28 24 20 13 Multilateral creditors Principal 260 253 229 193 161 163 154 142 Interest 101 92 82 76 70 64 58 51 Private creditors Principal 487 290 219 154 612 117 389 76 Interest 232 214 201 194 187 136 131 113 Notes: Data include the effects of Paris Club debt restructuring agreement signed in 2005. 137 ECUADOR (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 1. SUMMARY DEBT DATA TOTAL DEBT STOCKS (EDT) 12,107 13,994 13,717 16,452 16,864 17,216 17,127 16,536 Long-term debt (LDOD) 10,029 12,508 12,772 13,829 14,702 15,062 15,330 15,089 Public and publicly guaranteed 9,865 12,068 11,337 11,240 11,368 10,627 10,660 10,108 Private nonguaranteed 164 440 1,435 2,589 3,334 4,435 4,670 4,981 Use of IMF credit 265 173 148 308 390 290 78 23 Short-term debt 1,814 1,312 797 2,314 1,772 1,864 1,719 1,424 of which interest arrears on LDOD 1,522 13 3 1 1 0 0 0 Official creditors 10 8 1 0 0 0 0 0 Private creditors 1,512 4 2 0 0 0 0 0 Memorandum items Principal arrears on LDOD 1,096 10 6 6 5 5 5 0 Official creditors 6 8 0 0 0 0 0 0 Private creditors 1,090 1 6 6 5 5 5 0 TOTAL DEBT FLOWS Disbursements 638 1,049 1,145 1,962 2,016 2,701 3,135 2,621 Long-term debt 606 1,049 996 1,864 1,932 2,701 3,135 2,621 IMF purchases 32 0 150 98 84 0 0 0 Principal repayments 610 750 1,072 1,123 1,301 2,526 3,183 2,897 Long-term debt 495 721 1,072 1,123 1,267 2,414 2,988 2,838 IMF repurchases 115 29 0 0 35 112 195 58 Net flows on debt 0 -152 -181 1,771 172 267 -194 -569 of which short-term debt -28 -451 -254 932 -543 92 -145 -294 Interest payments (INT) 474 665 822 1,070 1,116 1,205 966 1,260 Long-term debt 416 574 717 878 901 1,009 852 1,175 IMF charges 30 10 4 8 6 9 7 3 Short-term debt 28 81 102 184 209 187 107 83 Net transfers on debt -474 -818 -1,003 701 -944 -938 -1,160 -1,830 Total debt service paid (TDS) 1,084 1,416 1,894 2,193 2,417 3,731 4,149 4,157 Long-term debt 911 1,296 1,789 2,001 2,167 3,423 3,840 4,013 IMF repurchases and charges 145 39 4 8 41 121 202 61 Short-term debt (interest only) 28 81 102 184 209 187 107 83 2. OTHER NET RESOURCE FLOWS (LONG-TERM) Net flow of long-term debt (ex. IMF) 110 328 -76 741 665 287 147 -217 Foreign direct investment (net) 126 452 720 1,275 1,555 1,160 1,646 271 Portfolio equity flows 0 13 0 1 9 1 2 0 Grants (excluding technical coop.) 53 71 68 104 81 109 180 113 of which: Debt forgiveness grants .. .. 0 10 0 13 0 3 IDA grants .. .. .. 0 0 0 0 0 Memo: technical coop. grants 65 110 85 119 145 150 158 148 Interest on long-term debt 416 574 717 878 901 1,009 852 1,175 Profit remittances on FDI 125 144 329 406 595 964 1,004 977 3. MAJOR ECONOMIC AGGREGATES Gross national income (GNI) 9,145 19,281 14,530 23,595 27,108 30,740 35,245 39,452 Exports of goods, serv. & inc. (XGS) 3,337 5,677 7,293 7,604 8,982 10,851 13,979 17,222 Worker remit. & comp. of employees 51 386 1,322 1,438 1,633 1,838 2,460 2,922 Imports of goods & services (MGS) 3,754 6,736 6,403 9,095 9,546 11,591 13,866 15,852 International reserves (RES) 1,009 1,788 1,179 1,004 1,165 1,440 2,148 2,027 Current account balance -360 -1,000 926 -1,272 -422 -542 295 1,503 4. DEBT INDICATORS EDT / XGS (%) 362.8 246.5 188.1 216.4 187.8 158.7 122.5 96.0 EDT / GNI (%) 132.4 72.6 94.4 69.7 62.2 56.0 48.6 41.9 TDS / XGS (%) 32.5 24.9 26.0 28.8 26.9 34.4 29.7 24.1 INT / XGS (%) 14.2 11.7 11.3 14.1 12.4 11.1 6.9 7.3 INT / GNI (%) 5.2 3.5 5.7 4.5 4.1 3.9 2.7 3.2 RES / EDT (%) 8.3 12.8 8.6 6.1 6.9 8.4 12.5 12.3 RES / MGS (months) 3.2 3.2 2.2 1.3 1.5 1.5 1.9 1.5 Short-term / EDT (%) 15.0 9.4 5.8 14.1 10.5 10.8 10.0 8.6 Concessional / EDT (%) 7.6 12.9 14.8 11.9 12.9 12.3 10.9 10.5 Multilateral / EDT (%) 17.6 21.7 26.0 21.7 22.9 21.9 21.0 24.0 138 ECUADOR (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 5. LONG-TERM DEBT DEBT OUTSTANDING (LDOD) 10,029 12,508 12,772 13,829 14,702 15,062 15,330 15,089 Public and publicly guaranteed 9,865 12,068 11,337 11,240 11,368 10,627 10,660 10,108 Official creditors 4,065 5,302 6,196 6,205 6,481 6,242 5,773 5,949 Multilateral 2,127 3,041 3,568 3,576 3,854 3,762 3,605 3,962 Concessional 451 647 613 574 688 686 632 594 Bilateral 1,938 2,261 2,628 2,630 2,626 2,480 2,167 1,987 Concessional 468 1,159 1,417 1,391 1,482 1,426 1,227 1,134 Private creditors 5,800 6,766 5,141 5,035 4,888 4,384 4,888 4,159 of which: Bonds 0 5,999 3,950 3,950 3,950 3,950 4,600 3,860 Commercial banks 4,884 394 1,045 979 834 339 211 185 Private nonguaranteed 164 440 1,435 2,589 3,334 4,435 4,670 4,981 Bonds 0 10 0 0 0 0 0 0 Commercial banks and other 164 430 1,435 2,589 3,334 4,435 4,670 4,981 Memo: IBRD 816 1,082 840 829 888 835 799 746 IDA 32 26 21 19 17 16 15 14 Public sector LDOD 9,865 12,068 11,337 11,240 11,368 10,627 10,660 10,108 Private sector LDOD 164 440 1,435 2,589 3,334 4,435 4,670 4,981 DISBURSEMENTS 606 1,049 996 1,864 1,932 2,701 3,135 2,621 Public and publicly guaranteed 575 839 615 427 640 309 972 911 Official creditors 329 751 544 365 579 278 299 828 Multilateral 227 610 444 228 557 276 298 824 Concessional 24 62 9 3 108 19 0 0 Bilateral 101 142 100 137 22 2 1 4 Concessional 31 128 99 40 18 2 1 4 Private creditors 246 88 71 63 61 31 674 83 of which: Bonds 0 0 0 0 0 0 650 0 Commercial banks 39 61 71 54 45 22 24 22 Private nonguaranteed 30 210 381 1,437 1,291 2,392 2,162 1,710 Bonds 0 10 0 0 0 0 0 0 Commercial banks and other 30 200 381 1,437 1,291 2,392 2,162 1,710 Memo: IBRD 47 319 69 25 152 29 39 21 IDA 0 0 0 0 0 0 0 0 PRINCIPAL REPAYMENTS 495 721 1,072 1,123 1,267 2,414 2,988 2,838 Public and publicly guaranteed 470 711 555 616 726 1,122 864 1,546 Official creditors 276 486 376 485 518 588 722 739 Multilateral 164 235 300 363 376 399 387 488 Concessional 8 23 22 27 28 29 39 45 Bilateral 112 252 76 122 142 188 335 251 Concessional 2 46 55 77 84 95 138 163 Private creditors 194 225 179 131 208 534 142 808 of which: Bonds 0 10 0 0 0 0 0 740 Commercial banks 27 59 146 109 190 517 123 47 Private nonguaranteed 25 10 517 508 541 1,292 2,124 1,292 Bonds 0 0 0 0 0 0 0 0 Commercial banks and other 25 10 517 508 541 1,292 2,124 1,292 Memo: IBRD 41 98 89 85 92 82 74 74 IDA 1 1 1 1 1 1 1 1 INTEREST PAYMENTS (LINT) 416 574 717 878 901 1,009 852 1,175 Public and publicly guaranteed 404 573 544 682 634 663 667 749 Official creditors 212 330 290 313 263 276 282 316 Multilateral 140 172 253 200 174 166 169 218 Concessional 8 13 11 12 12 17 19 20 Bilateral 72 157 36 114 89 110 113 98 Concessional 8 47 28 38 37 41 46 40 Private creditors 191 243 255 369 371 387 385 433 of which: Bonds 0 147 140 285 312 339 367 410 Commercial banks 132 50 102 77 54 43 13 16 Private nonguaranteed 12 1 172 196 266 346 185 426 Bonds 0 0 0 0 0 0 0 0 Commercial banks and other 12 1 172 196 266 346 185 426 Memo: IBRD 62 69 74 54 41 31 32 40 IDA 0 0 0 0 0 0 0 0 139 ECUADOR (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 6. CURRENCY COMPOSITION OF PUBLIC AND PUBLICLY GUARANTEED DEBT (PERCENT) Euro .. .. .. 2.3 2.3 2.4 2.0 1.8 Japanese yen 6.9 5.0 6.3 6.0 6.2 6.4 4.4 4.3 Pound sterling 1.6 0.7 0.4 0.3 0.3 0.3 0.1 0.1 Swiss franc 0.5 0.0 0.0 0.0 0.0 0.0 0.0 0.0 U.S.dollars 54.5 70.5 83.2 84.9 85.2 85.3 88.7 89.3 7. DEBT RESTRUCTURINGS Total amount rescheduled 249 5,818 4,837 0 53 0 0 0 Debt stock rescheduled 16 3,345 3,783 0 0 0 0 0 Principal rescheduled 152 0 624 0 42 0 0 0 Official 110 0 549 0 42 0 0 0 Private 42 0 74 0 0 0 0 0 Interest rescheduled 81 1,750 127 0 11 0 0 0 Official 61 0 121 0 11 0 0 0 Private 19 1,750 6 0 0 0 0 0 Debt forgiven 1 0 0 0 0 0 0 0 Memo: interest forgiven 0 0 0 0 0 0 1 1 Debt stock reduction 45 1,180 2,522 0 0 0 0 0 of which debt buyback 0 0 0 0 0 0 0 0 8. DEBT STOCK-FLOW RECONCILIATION Total change in debt stocks 791 -1,067 -2,540 1,971 412 352 -89 -591 Net flows on debt 0 -152 -181 1,771 172 267 -194 -569 Cross-currency valuation 193 57 -173 197 249 91 -181 45 9. AVERAGE TERMS OF NEW COMMITMENTS ALL CREDITORS Interest (%) 6.4 6.4 7.0 4.7 1.6 5.0 8.0 6.5 Maturity (years) 17.4 15.8 16.6 13.3 21.4 12.5 7.9 15.9 Grace period (years) 4.2 5.5 5.0 3.1 5.3 3.2 6.0 4.2 Grant element (%) 24.1 21.9 17.8 25.1 57.2 24.3 6.2 19.7 Official creditors Interest (%) 5.2 5.9 6.9 4.8 1.4 5.1 6.5 6.6 Maturity (years) 22.2 17.0 17.1 13.3 22.1 12.9 5.5 16.6 Grace period (years) 6.0 6.3 5.2 3.1 5.4 3.6 1.3 4.5 Grant element (%) 35.1 25.7 18.3 24.8 59.6 25.2 8.8 20.0 Private creditors Interest (%) 8.6 8.1 7.5 3.9 3.0 4.7 9.3 6.0 Maturity (years) 8.7 11.2 9.9 13.3 16.6 10.0 10.0 8.5 Grace period (years) 1.0 2.7 2.5 5.0 4.6 0.6 9.8 1.9 Grant element (%) 4.0 8.0 10.0 33.5 42.6 19.7 4.1 16.3 10. CONTRACTUAL OBLIGATIONS ON OUTSTANDING LONG-TERM DEBT 2007 2008 2009 2010 2011 2012 2013 2014 TOTAL Principal 2,111 1,559 1,223 987 909 1,257 670 628 Interest 1,163 1,047 918 819 745 701 575 526 Official creditors Principal 740 666 591 497 549 524 479 462 Interest 343 323 292 264 236 205 177 151 Bilateral creditors Principal 185 152 153 127 138 150 153 148 Interest 83 75 69 62 57 51 45 38 Multilateral creditors Principal 555 514 437 371 411 374 326 314 Interest 261 248 224 202 179 154 132 112 Private creditors Principal 1,371 893 632 489 360 733 191 166 Interest 820 723 625 555 509 496 398 376 Notes: 0 140 EGYPT, ARAB REPUBLIC OF (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 1. SUMMARY DEBT DATA TOTAL DEBT STOCKS (EDT) 33,017 33,499 29,187 28,683 29,446 31,177 30,096 29,339 Long-term debt (LDOD) 28,439 31,023 25,083 26,533 27,581 29,209 28,240 27,705 Public and publicly guaranteed 27,439 30,710 24,510 25,875 27,266 27,241 26,385 26,072 Private nonguaranteed 1,000 313 573 659 316 1,968 1,855 1,633 Use of IMF credit 125 103 0 0 0 0 0 0 Short-term debt 4,453 2,372 4,104 2,150 1,865 1,968 1,856 1,635 of which interest arrears on LDOD 1,441 4 0 0 0 1 2 2 Official creditors 872 2 0 0 0 1 2 2 Private creditors 569 2 0 0 0 0 0 0 Memorandum items Principal arrears on LDOD 3,542 148 141 129 130 134 136 137 Official creditors 1,775 128 140 129 130 134 136 137 Private creditors 1,767 20 1 0 0 0 0 0 TOTAL DEBT FLOWS Disbursements 1,951 642 586 498 576 465 2,363 184 Long-term debt 1,951 642 586 498 576 465 2,363 184 IMF purchases 0 0 0 0 0 0 0 0 Principal repayments 1,751 988 1,100 1,248 1,980 1,346 1,631 1,474 Long-term debt 1,704 894 1,100 1,248 1,980 1,346 1,631 1,474 IMF repurchases 47 94 0 0 0 0 0 0 Net flows on debt -1,301 92 -702 -806 -1,690 -778 619 -1,512 of which short-term debt -1,502 438 -189 -57 -286 103 -113 -222 Interest payments (INT) 1,323 1,393 733 772 665 653 703 728 Long-term debt 1,007 1,252 619 729 638 623 636 632 IMF charges 14 9 0 0 0 0 0 0 Short-term debt 301 132 113 43 27 30 68 96 Net transfers on debt -2,624 -1,301 -1,435 -1,578 -2,355 -1,431 -84 -2,239 Total debt service paid (TDS) 3,073 2,381 1,832 2,019 2,645 1,998 2,334 2,201 Long-term debt 2,711 2,146 1,719 1,976 2,618 1,969 2,267 2,106 IMF repurchases and charges 61 104 0 0 0 0 0 0 Short-term debt (interest only) 301 132 113 43 27 30 68 96 2. OTHER NET RESOURCE FLOWS (LONG-TERM) Net flow of long-term debt (ex. IMF) 248 -252 -513 -749 -1,405 -881 732 -1,290 Foreign direct investment (net) 734 598 1,235 647 237 1,253 5,376 10,043 Portfolio equity flows 0 0 269 -217 37 26 729 502 Grants (excluding technical coop.) 4,201 1,006 964 653 552 1,388 825 639 of which: Debt forgiveness grants .. .. 222 118 147 150 150 153 IDA grants .. .. .. 0 0 0 0 0 Memo: technical coop. grants 812 744 472 781 556 200 387 422 Interest on long-term debt 1,007 1,252 619 729 638 623 636 632 Profit remittances on FDI 14 228 92 89 47 56 647 915 3. MAJOR ECONOMIC AGGREGATES Gross national income (GNI) 42,025 60,038 100,838 88,763 83,006 78,757 89,474 107,219 Exports of goods, serv. & inc. (XGS) 15,035 18,064 21,587 20,029 23,600 30,429 37,159 44,570 Worker remit. & comp. of employees 4,284 3,226 2,852 2,893 2,961 3,341 5,017 5,330 Imports of goods & services (MGS) 15,969 19,123 23,878 20,474 20,494 27,733 35,787 42,375 International reserves (RES) 3,620 17,122 13,785 14,076 14,604 15,339 21,857 26,007 Current account balance 2,327 -254 -971 622 3,743 3,922 2,103 2,635 4. DEBT INDICATORS EDT / XGS (%) 219.6 185.4 135.2 143.2 124.8 102.5 81.0 65.8 EDT / GNI (%) 78.6 55.8 28.9 32.3 35.5 39.6 33.6 27.4 TDS / XGS (%) 20.4 13.2 8.5 10.1 11.2 6.6 6.3 4.9 INT / XGS (%) 8.8 7.7 3.4 3.9 2.8 2.1 1.9 1.6 INT / GNI (%) 3.1 2.3 0.7 0.9 0.8 0.8 0.8 0.7 RES / EDT (%) 11.0 51.1 47.2 49.1 49.6 49.2 72.6 88.6 RES / MGS (months) 2.7 10.7 6.9 8.3 8.6 6.6 7.3 7.4 Short-term / EDT (%) 13.5 7.1 14.1 7.5 6.3 6.3 6.2 5.6 Concessional / EDT (%) 37.9 60.9 72.7 73.8 76.6 72.5 68.2 70.3 Multilateral / EDT (%) 10.4 12.1 13.5 13.5 14.0 12.8 12.8 13.3 141 EGYPT, ARAB REPUBLIC OF (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 5. LONG-TERM DEBT DEBT OUTSTANDING (LDOD) 28,439 31,023 25,083 26,533 27,581 29,209 28,240 27,705 Public and publicly guaranteed 27,439 30,710 24,510 25,875 27,266 27,241 26,385 26,072 Official creditors 21,190 28,957 23,970 24,658 26,372 26,367 23,816 23,985 Multilateral 3,427 4,045 3,942 3,876 4,114 4,002 3,838 3,890 Concessional 1,297 1,651 2,264 2,316 2,390 2,389 2,359 2,393 Bilateral 17,763 24,912 20,028 20,782 22,258 22,365 19,978 20,095 Concessional 11,224 18,764 18,940 18,858 20,159 20,220 18,175 18,220 Private creditors 6,249 1,753 540 1,217 894 875 2,569 2,086 of which: Bonds 0 0 0 746 695 584 1,829 1,576 Commercial banks 624 516 312 334 64 159 633 408 Private nonguaranteed 1,000 313 573 659 316 1,968 1,855 1,633 Bonds 0 0 100 100 100 0 0 0 Commercial banks and other 1,000 313 473 559 216 1,968 1,855 1,633 Memo: IBRD 1,480 1,320 639 542 539 503 492 544 IDA 921 1,035 1,266 1,316 1,386 1,465 1,420 1,481 Public sector LDOD 27,418 30,708 24,508 25,874 27,265 27,240 26,384 26,071 Private sector LDOD 1,021 316 574 660 317 1,969 1,856 1,634 DISBURSEMENTS 1,951 642 586 498 576 465 2,363 184 Public and publicly guaranteed 1,900 642 379 323 576 465 2,363 183 Official creditors 1,198 602 235 278 556 329 458 178 Multilateral 269 392 174 262 534 310 452 170 Concessional 56 164 104 82 62 120 178 63 Bilateral 929 209 61 16 22 20 6 8 Concessional 647 195 50 12 16 15 6 8 Private creditors 703 40 144 46 20 135 1,906 5 of which: Bonds 0 0 0 0 0 0 1,250 0 Commercial banks 170 31 132 46 20 134 656 5 Private nonguaranteed 51 0 207 175 0 0 0 1 Bonds 0 0 0 0 0 0 0 0 Commercial banks and other 51 0 207 175 0 0 0 1 Memo: IBRD 92 42 6 25 29 26 97 108 IDA 8 83 49 54 33 75 69 57 PRINCIPAL REPAYMENTS 1,704 894 1,100 1,248 1,980 1,346 1,631 1,474 Public and publicly guaranteed 1,572 832 984 1,112 1,637 1,246 1,480 1,455 Official creditors 884 542 863 1,029 1,326 1,198 1,290 1,218 Multilateral 282 310 299 345 544 328 378 256 Concessional 55 30 82 93 98 98 101 100 Bilateral 603 232 564 685 782 870 912 962 Concessional 214 121 497 603 689 766 803 843 Private creditors 687 290 121 83 312 48 190 237 of which: Bonds 1 0 0 0 0 0 0 0 Commercial banks 34 73 57 43 293 38 181 230 Private nonguaranteed 132 62 116 136 343 100 151 19 Bonds 0 0 0 0 0 100 0 0 Commercial banks and other 132 62 116 136 343 0 151 19 Memo: IBRD 176 198 87 72 77 77 77 66 IDA 7 14 23 34 37 38 41 42 INTEREST PAYMENTS (LINT) 1,007 1,252 619 729 638 623 636 632 Public and publicly guaranteed 918 1,228 603 713 623 607 563 629 Official creditors 719 1,121 573 567 548 540 502 494 Multilateral 184 232 147 127 104 98 99 102 Concessional 14 23 34 34 33 34 32 29 Bilateral 535 889 425 440 444 442 403 392 Concessional 196 547 338 298 301 302 268 260 Private creditors 199 106 31 146 75 67 60 135 of which: Bonds 0 0 0 127 65 61 51 106 Commercial banks 45 40 16 13 6 2 6 26 Private nonguaranteed 89 24 16 16 15 16 73 3 Bonds 0 0 12 12 12 12 0 0 Commercial banks and other 89 24 4 4 3 4 73 3 Memo: IBRD 138 114 41 28 24 22 21 27 IDA 7 7 9 10 10 12 11 11 142 EGYPT, ARAB REPUBLIC OF (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 6. CURRENCY COMPOSITION OF PUBLIC AND PUBLICLY GUARANTEED DEBT (PERCENT) Euro .. .. .. 32.6 36.1 37.7 32.8 35.3 Japanese yen 8.2 13.1 13.7 11.9 12.3 12.4 12.4 12.2 Pound sterling 2.5 1.4 1.2 2.1 2.1 2.3 2.0 2.2 Swiss franc 3.0 2.7 2.1 2.1 2.2 2.3 2.0 2.0 U.S.dollars 41.8 34.5 40.1 39.3 35.1 33.1 39.4 37.2 7. DEBT RESTRUCTURINGS Total amount rescheduled 0 309 22 0 1 1 1 0 Debt stock rescheduled 0 0 0 0 0 0 0 0 Principal rescheduled 0 260 13 1 1 1 1 0 Official 0 50 2 0 0 0 0 0 Private 0 210 11 1 1 1 1 0 Interest rescheduled 0 49 1 0 0 0 0 0 Official 0 10 0 0 0 0 0 0 Private 0 39 1 0 0 0 0 0 Debt forgiven 10,576 35 25 0 0 0 0 0 Memo: interest forgiven 2,481 7 0 0 0 0 0 0 Debt stock reduction 0 13 0 0 0 0 0 0 of which debt buyback 0 0 0 0 0 0 0 0 8. DEBT STOCK-FLOW RECONCILIATION Total change in debt stocks -12,667 976 -1,858 516 763 1,731 -1,081 -757 Net flows on debt -1,301 92 -702 -806 -1,690 -778 619 -1,512 Cross-currency valuation 1,460 795 -899 2,197 2,494 1,087 -2,111 1,182 9. AVERAGE TERMS OF NEW COMMITMENTS ALL CREDITORS Interest (%) 5.3 3.1 5.3 2.2 2.7 2.0 4.0 4.5 Maturity (years) 25.8 21.8 16.4 10.1 12.2 16.1 10.2 21.1 Grace period (years) 6.8 6.6 4.7 3.1 3.9 4.9 7.2 7.4 Grant element (%) 36.2 47.9 27.9 31.7 37.7 46.8 31.6 38.6 Official creditors Interest (%) 4.7 3.1 4.7 2.2 2.7 1.7 2.8 4.5 Maturity (years) 28.6 22.0 21.8 10.1 12.2 17.9 17.6 21.2 Grace period (years) 7.5 6.6 5.5 3.1 3.9 5.2 7.0 7.4 Grant element (%) 42.0 48.2 36.0 31.7 37.7 51.1 48.4 38.6 Private creditors Interest (%) 8.4 6.5 6.8 0.0 0.0 4.2 4.5 0.0 Maturity (years) 11.5 4.3 3.0 0.0 0.0 2.9 7.5 1.5 Grace period (years) 3.4 2.4 2.9 0.0 0.0 2.8 7.2 1.0 Grant element (%) 6.9 7.7 7.8 0.0 0.0 13.3 25.5 11.2 10. CONTRACTUAL OBLIGATIONS ON OUTSTANDING LONG-TERM DEBT 2007 2008 2009 2010 2011 2012 2013 2014 TOTAL Principal 2,553 2,848 2,510 2,610 2,956 2,377 2,483 2,090 Interest 908 859 789 722 602 497 451 398 Official creditors Principal 2,211 2,113 2,176 2,276 2,296 2,370 2,476 2,083 Interest 606 576 548 515 479 438 393 340 Bilateral creditors Principal 1,827 1,735 1,789 1,895 1,994 2,100 2,160 1,752 Interest 495 463 431 395 355 313 268 223 Multilateral creditors Principal 384 378 387 381 301 269 316 331 Interest 111 113 117 120 123 126 125 118 Private creditors Principal 342 735 334 334 660 8 7 7 Interest 302 283 241 207 123 59 58 58 Notes: Data on private nonguaranteed and short term were revised according to Central Bank of Egypt. 143 EL SALVADOR (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 1. SUMMARY DEBT DATA TOTAL DEBT STOCKS (EDT) 2,145 2,509 4,467 5,706 8,157 8,400 8,455 9,136 Long-term debt (LDOD) 1,935 1,984 2,822 4,542 6,398 6,620 6,880 7,906 Public and publicly guaranteed 1,909 1,979 2,710 4,415 4,815 4,858 4,775 5,504 Private nonguaranteed 26 5 111 128 1,583 1,762 2,105 2,401 Use of IMF credit 0 0 0 0 0 0 0 0 Short-term debt 210 525 1,645 1,164 1,759 1,780 1,575 1,230 of which interest arrears on LDOD 7 3 0 0 0 0 0 0 Official creditors 7 2 0 0 0 0 0 0 Private creditors 0 1 0 0 0 0 0 0 Memorandum items Principal arrears on LDOD 6 6 0 0 0 0 0 0 Official creditors 6 1 0 0 0 0 0 0 Private creditors 0 5 0 0 0 0 0 0 TOTAL DEBT FLOWS Disbursements 108 206 371 1,294 796 691 1,152 1,414 Long-term debt 108 206 371 1,294 796 691 1,152 1,414 IMF purchases 0 0 0 0 0 0 0 0 Principal repayments 124 160 157 200 390 467 385 614 Long-term debt 118 160 157 200 390 467 385 614 IMF repurchases 5 0 0 0 0 0 0 0 Net flows on debt 2 383 807 351 1,001 245 563 455 of which short-term debt 18 337 592 -743 595 21 -205 -345 Interest payments (INT) 84 120 212 268 417 522 434 519 Long-term debt 75 98 139 182 254 338 333 448 IMF charges 0 0 0 0 0 0 0 0 Short-term debt 9 22 73 87 163 184 101 70 Net transfers on debt -82 263 595 83 584 -277 129 -64 Total debt service paid (TDS) 208 280 369 469 807 989 819 1,133 Long-term debt 193 258 296 382 644 805 718 1,063 IMF repurchases and charges 5 0 0 0 0 0 0 0 Short-term debt (interest only) 9 22 73 87 163 184 101 70 2. OTHER NET RESOURCE FLOWS (LONG-TERM) Net flow of long-term debt (ex. IMF) -11 46 214 1,094 406 224 768 800 Foreign direct investment (net) 2 38 173 470 141 363 605 204 Portfolio equity flows 0 0 0 -2 0 0 0 0 Grants (excluding technical coop.) 160 102 72 107 103 119 137 110 of which: Debt forgiveness grants .. .. 4 0 0 0 0 0 IDA grants .. .. .. 0 0 0 0 0 Memo: technical coop. grants 127 130 85 107 122 137 87 75 Interest on long-term debt 75 98 139 182 254 338 333 448 Profit remittances on FDI 31 0 60 89 85 80 187 90 3. MAJOR ECONOMIC AGGREGATES Gross national income (GNI) 4,699 9,404 12,881 13,983 14,624 15,340 16,499 18,134 Exports of goods, serv. & inc. (XGS) 1,360 3,154 5,554 5,897 6,347 7,120 7,570 8,624 Worker remit. & comp. of employees 366 1,064 1,765 1,953 2,122 2,564 2,842 3,329 Imports of goods & services (MGS) 1,785 3,744 6,031 6,390 7,058 7,755 8,498 9,498 International reserves (RES) 595 940 1,901 1,634 1,988 1,938 1,890 1,963 Current account balance -152 -262 -431 -405 -702 -628 -911 -855 4. DEBT INDICATORS EDT / XGS (%) 157.7 79.5 80.4 96.8 128.5 118.0 111.7 105.9 EDT / GNI (%) 45.6 26.7 34.7 40.8 55.8 54.8 51.2 50.4 TDS / XGS (%) 15.3 8.9 6.6 7.9 12.7 13.9 10.8 13.1 INT / XGS (%) 6.2 3.8 3.8 4.6 6.6 7.3 5.7 6.0 INT / GNI (%) 1.8 1.3 1.6 1.9 2.9 3.4 2.6 2.9 RES / EDT (%) 27.8 37.5 42.6 28.6 24.4 23.1 22.4 21.5 RES / MGS (months) 4.0 3.0 3.8 3.1 3.4 3.0 2.7 2.5 Short-term / EDT (%) 9.8 20.9 36.8 20.4 21.6 21.2 18.6 13.5 Concessional / EDT (%) 56.2 40.3 25.6 20.3 15.0 14.3 13.2 11.6 Multilateral / EDT (%) 36.6 54.7 42.5 40.3 29.8 27.8 28.8 27.0 144 EL SALVADOR (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 5. LONG-TERM DEBT DEBT OUTSTANDING (LDOD) 1,935 1,984 2,822 4,542 6,398 6,620 6,880 7,906 Public and publicly guaranteed 1,909 1,979 2,710 4,415 4,815 4,858 4,775 5,504 Official creditors 1,725 1,870 2,505 2,961 3,149 3,041 3,069 3,058 Multilateral 784 1,374 1,900 2,299 2,432 2,336 2,433 2,470 Concessional 412 620 606 567 568 549 515 489 Bilateral 941 496 605 662 716 705 636 588 Concessional 793 392 537 590 657 654 603 568 Private creditors 184 109 205 1,454 1,666 1,817 1,706 2,446 of which: Bonds 0 0 82 1,333 1,555 1,717 1,623 2,344 Commercial banks 127 74 102 100 86 73 58 78 Private nonguaranteed 26 5 111 128 1,583 1,762 2,105 2,401 Bonds 0 0 0 0 0 0 0 0 Commercial banks and other 26 5 111 128 1,583 1,762 2,105 2,401 Memo: IBRD 140 307 309 371 372 348 436 417 IDA 23 20 16 14 14 13 12 11 Public sector LDOD 1,901 1,972 2,705 4,410 4,810 4,854 4,771 5,501 Private sector LDOD 34 11 117 132 1,588 1,767 2,109 2,405 DISBURSEMENTS 108 206 371 1,294 796 691 1,152 1,414 Public and publicly guaranteed 108 206 321 1,293 606 319 669 958 Official creditors 77 201 200 384 278 113 324 333 Multilateral 44 165 159 334 233 107 295 328 Concessional 33 31 4 3 4 2 6 0 Bilateral 33 35 41 50 45 6 28 5 Concessional 18 35 41 50 45 2 28 5 Private creditors 30 5 120 909 328 205 345 625 of which: Bonds 0 0 32 905 328 204 343 625 Commercial banks 25 5 87 3 0 1 0 0 Private nonguaranteed 0 0 51 1 190 373 483 457 Bonds 0 0 0 0 0 0 0 0 Commercial banks and other 0 0 51 1 190 373 483 457 Memo: IBRD 2 26 34 63 38 16 129 25 IDA 0 0 0 0 0 0 0 0 PRINCIPAL REPAYMENTS 118 160 157 200 390 467 385 614 Public and publicly guaranteed 105 157 124 170 210 274 244 454 Official creditors 94 123 120 157 196 258 228 327 Multilateral 57 78 87 116 150 220 184 285 Concessional 10 13 22 25 29 30 29 30 Bilateral 37 45 33 41 45 38 44 43 Concessional 8 18 22 26 31 24 28 29 Private creditors 11 33 4 13 14 15 16 127 of which: Bonds 0 0 0 0 0 0 0 121 Commercial banks 9 25 4 13 13 14 14 5 Private nonguaranteed 14 3 33 30 180 194 140 160 Bonds 0 0 0 0 0 0 0 0 Commercial banks and other 14 3 33 30 180 194 140 160 Memo: IBRD 15 21 17 27 37 41 40 44 IDA 1 1 1 1 1 1 1 1 INTEREST PAYMENTS (LINT) 75 98 139 182 254 338 333 448 Public and publicly guaranteed 72 98 132 173 247 258 246 322 Official creditors 62 89 123 117 129 116 118 125 Multilateral 50 62 103 98 110 97 101 109 Concessional 8 11 11 11 12 12 11 10 Bilateral 13 27 19 19 19 19 17 15 Concessional 9 13 13 14 15 16 14 14 Private creditors 9 9 9 56 118 142 128 198 of which: Bonds 0 0 8 47 110 135 122 196 Commercial banks 8 7 1 9 8 7 6 1 Private nonguaranteed 3 0 7 8 7 79 87 126 Bonds 0 0 0 0 0 0 0 0 Commercial banks and other 3 0 7 8 7 79 87 126 Memo: IBRD 14 22 24 19 17 12 14 22 IDA 0 0 0 0 0 0 0 0 145 EL SALVADOR (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 6. CURRENCY COMPOSITION OF PUBLIC AND PUBLICLY GUARANTEED DEBT (PERCENT) Euro .. .. .. 3.7 3.9 4.1 3.5 3.3 Japanese yen 1.3 1.8 6.7 4.8 5.1 5.1 4.9 3.6 Pound sterling 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Swiss franc 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 U.S.dollars 56.5 46.7 68.3 79.5 79.9 80.2 81.4 84.8 7. DEBT RESTRUCTURINGS Total amount rescheduled 84 0 0 0 0 0 0 0 Debt stock rescheduled 0 0 0 0 0 0 0 0 Principal rescheduled 42 0 0 0 0 0 0 0 Official 39 0 0 0 0 0 0 0 Private 3 0 0 0 0 0 0 0 Interest rescheduled 43 0 0 0 0 0 0 0 Official 38 0 0 0 0 0 0 0 Private 5 0 0 0 0 0 0 0 Debt forgiven 0 0 17 0 0 0 0 0 Memo: interest forgiven 0 0 0 0 0 0 0 0 Debt stock reduction 0 0 0 0 0 0 0 0 of which debt buyback 0 0 0 0 0 0 0 0 8. DEBT STOCK-FLOW RECONCILIATION Total change in debt stocks 65 412 778 667 2,451 243 55 680 Net flows on debt 2 383 807 351 1,001 245 563 455 Cross-currency valuation 7 50 -43 61 82 30 -70 42 9. AVERAGE TERMS OF NEW COMMITMENTS ALL CREDITORS Interest (%) 4.6 6.5 8.0 7.3 6.7 7.2 6.3 6.8 Maturity (years) 29.8 22.6 15.6 19.0 19.5 27.9 25.5 23.5 Grace period (years) 7.2 5.2 3.4 14.9 13.4 27.1 17.7 17.6 Grant element (%) 45.5 22.6 11.5 17.9 22.3 23.9 27.1 22.9 Official creditors Interest (%) 3.2 6.5 7.2 5.3 5.4 2.8 4.6 5.8 Maturity (years) 35.6 22.3 18.6 18.6 19.0 12.2 19.7 17.7 Grace period (years) 8.8 5.2 4.0 4.5 5.0 4.5 2.5 4.0 Grant element (%) 56.6 22.6 16.6 28.8 28.5 40.6 33.0 25.3 Private creditors Interest (%) 10.4 6.1 9.6 8.1 7.8 7.6 7.7 7.6 Maturity (years) 5.0 26.3 9.2 19.2 19.8 29.6 30.4 27.9 Grace period (years) 0.5 5.8 2.3 19.2 19.8 29.6 30.4 27.9 Grant element (%) -1.4 22.5 0.4 13.4 17.5 22.1 22.2 21.2 10. CONTRACTUAL OBLIGATIONS ON OUTSTANDING LONG-TERM DEBT 2007 2008 2009 2010 2011 2012 2013 2014 TOTAL Principal 713 678 596 611 795 489 417 351 Interest 432 369 361 354 344 316 306 297 Official creditors Principal 272 285 244 275 242 248 227 211 Interest 146 139 131 124 113 104 93 83 Bilateral creditors Principal 32 34 33 33 32 32 32 28 Interest 15 14 13 12 11 11 10 9 Multilateral creditors Principal 240 250 211 243 210 217 195 183 Interest 130 125 118 111 102 93 84 74 Private creditors Principal 441 394 352 335 552 240 189 140 Interest 286 230 230 230 231 212 213 214 Notes: Long-term private nonguaranteed debt data are World Bank staff estimates. 146 EQUATORIAL GUINEA (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 1. SUMMARY DEBT DATA TOTAL DEBT STOCKS (EDT) 241.1 291.8 247.8 260.4 319.3 295.9 272.3 278.1 Long-term debt (LDOD) 209.2 229.6 198.9 209.1 227.7 244.4 223.9 224.6 Public and publicly guaranteed 209.2 229.6 198.9 209.1 227.7 244.4 223.9 224.6 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Use of IMF credit 5.8 18.9 4.9 1.1 0.3 0.0 0.0 0.0 Short-term debt 26.0 43.4 44.0 50.1 91.3 51.6 48.4 53.5 of which interest arrears on LDOD 19.7 41.4 36.0 39.5 44.3 46.6 42.4 45.5 Official creditors 17.3 35.9 32.0 35.0 39.1 41.0 37.5 40.1 Private creditors 2.3 5.4 4.0 4.4 5.2 5.6 4.9 5.4 Memorandum items Principal arrears on LDOD 28.4 94.5 94.7 106.9 117.4 122.2 113.6 120.8 Official creditors 24.4 77.8 82.4 93.2 101.3 105.0 98.5 104.1 Private creditors 4.0 16.7 12.3 13.7 16.1 17.3 15.2 16.7 TOTAL DEBT FLOWS Disbursements 9.9 2.2 1.7 2.0 1.1 0.4 1.2 0.8 Long-term debt 9.9 2.2 1.7 2.0 1.1 0.4 1.2 0.8 IMF purchases 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal repayments 4.2 1.3 4.1 2.5 4.7 4.0 3.0 3.2 Long-term debt 0.6 0.2 1.4 1.3 3.8 3.7 3.0 3.2 IMF repurchases 3.6 1.1 2.7 1.2 0.9 0.3 0.0 0.0 Net flows on debt 9.7 -8.1 -12.3 1.1 32.7 -45.5 -0.8 -0.4 of which short-term debt 4.0 -9.0 -10.0 1.6 36.3 -42.0 1.0 2.0 Interest payments (INT) 0.9 0.8 1.2 1.1 2.6 1.2 1.1 1.1 Long-term debt 0.5 0.4 0.8 0.7 1.0 1.0 0.9 0.9 IMF charges 0.2 0.1 0.0 0.0 0.0 0.0 0.0 0.0 Short-term debt 0.2 0.3 0.4 0.4 1.6 0.2 0.2 0.2 Net transfers on debt 8.8 -8.9 -13.5 -0.1 30.1 -46.7 -1.9 -1.5 Total debt service paid (TDS) 5.1 2.1 5.3 3.6 7.3 5.1 4.1 4.3 Long-term debt 1.1 0.6 2.2 2.0 4.8 4.7 3.9 4.1 IMF repurchases and charges 3.8 1.2 2.7 1.2 0.9 0.3 0.0 0.0 Short-term debt (interest only) 0.2 0.3 0.4 0.4 1.6 0.2 0.2 0.2 2. OTHER NET RESOURCE FLOWS (LONG-TERM) Net flow of long-term debt (ex. IMF) 9.4 2.0 0.3 0.7 -2.7 -3.2 -1.8 -2.4 Foreign direct investment (net) 11.1 126.9 107.8 323.4 1430.7 1664.1 1860.0 1655.8 Portfolio equity flows 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Grants (excluding technical coop.) 43.5 15.0 17.9 12.5 11.6 37.0 24.8 17.0 of which: Debt forgiveness grants .. .. 2.0 2.0 4.6 3.1 4.5 2.2 IDA grants .. .. .. 0.0 0.0 0.0 0.0 0.0 Memo: technical coop. grants 12.9 17.2 7.9 9.8 12.3 13.0 17.2 16.9 Interest on long-term debt 0.5 0.4 0.8 0.7 1.0 1.0 0.9 0.9 Profit remittances on FDI 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 3. MAJOR ECONOMIC AGGREGATES Gross national income (GNI) 123.5 153.1 884.0 1180.6 1405.8 1969.6 3483.2 5241.4 Exports of goods, serv. & inc. (XGS) 42.3 94.2 .. .. .. .. .. .. Worker remit. & comp. of employees 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Imports of goods & services (MGS) 99.2 221.1 .. .. .. .. .. .. International reserves (RES) 0.7 0.0 23.0 88.5 237.7 945.0 2102.5 3066.7 Current account balance -19.0 -123.4 .. .. .. .. .. .. 4. DEBT INDICATORS EDT / XGS (%) 569.6 309.8 .. .. .. .. .. .. EDT / GNI (%) 195.2 190.7 28.0 22.1 22.7 15.0 7.8 5.3 TDS / XGS (%) 12.1 2.2 .. .. .. .. .. .. INT / XGS (%) 2.2 0.8 .. .. .. .. .. .. INT / GNI (%) 0.8 0.5 0.1 0.1 0.2 0.1 0.0 0.0 RES / EDT (%) 0.3 0.0 9.3 34.0 74.4 319.3 772.1 1,102.6 RES / MGS (months) 0.1 0.0 .. .. .. .. .. .. Short-term / EDT (%) 10.8 14.9 17.8 19.2 28.6 17.4 17.8 19.2 Concessional / EDT (%) 49.0 50.7 55.3 55.0 48.2 53.1 53.3 53.9 Multilateral / EDT (%) 27.9 34.7 37.8 37.5 33.4 40.5 40.1 37.1 147 EQUATORIAL GUINEA (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 5. LONG-TERM DEBT DEBT OUTSTANDING (LDOD) 209.2 229.6 198.9 209.1 227.7 244.4 223.9 224.6 Public and publicly guaranteed 209.2 229.6 198.9 209.1 227.7 244.4 223.9 224.6 Official creditors 191.5 212.8 186.5 195.5 211.6 227.1 208.7 207.9 Multilateral 67.4 101.4 93.6 97.6 106.7 119.8 109.2 103.3 Concessional 51.6 88.2 85.8 89.7 98.1 101.2 92.9 95.9 Bilateral 124.1 111.5 92.9 97.9 104.9 107.3 99.5 104.6 Concessional 66.4 59.8 51.2 53.4 55.6 55.8 52.2 54.1 Private creditors 17.8 16.8 12.3 13.7 16.1 17.3 15.2 16.7 of which: Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks and other 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 37.6 53.1 47.3 47.9 51.7 53.3 48.3 49.4 Public sector LDOD 209.2 229.6 198.9 209.1 227.7 244.4 223.9 224.6 Private sector LDOD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 DISBURSEMENTS 9.9 2.2 1.7 2.0 1.1 0.4 1.2 0.8 Public and publicly guaranteed 9.9 2.2 1.7 2.0 1.1 0.4 1.2 0.8 Official creditors 9.9 2.2 1.7 2.0 1.1 0.4 1.2 0.8 Multilateral 3.7 2.2 1.7 2.0 1.1 0.4 1.2 0.8 Concessional 3.1 2.2 1.7 2.0 1.1 0.4 1.2 0.8 Bilateral 6.3 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Concessional 6.3 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private creditors 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 of which: Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks and other 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 2.0 2.2 0.0 0.0 0.0 0.0 0.0 0.0 PRINCIPAL REPAYMENTS 0.6 0.2 1.4 1.3 3.8 3.7 3.0 3.2 Public and publicly guaranteed 0.6 0.2 1.4 1.3 3.8 3.7 3.0 3.2 Official creditors 0.6 0.2 1.4 1.3 3.8 3.7 3.0 3.2 Multilateral 0.5 0.2 1.0 1.3 2.0 2.1 2.1 2.4 Concessional 0.5 0.2 0.6 1.0 1.3 1.5 1.8 2.0 Bilateral 0.1 0.0 0.4 0.0 1.8 1.6 0.9 0.8 Concessional 0.0 0.0 0.4 0.0 1.8 1.5 0.8 0.8 Private creditors 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 of which: Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks and other 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 0.0 0.2 0.4 0.5 0.7 0.8 1.1 1.3 INTEREST PAYMENTS (LINT) 0.5 0.4 0.8 0.7 1.0 1.0 0.9 0.9 Public and publicly guaranteed 0.5 0.4 0.8 0.7 1.0 1.0 0.9 0.9 Official creditors 0.5 0.4 0.8 0.7 1.0 1.0 0.9 0.9 Multilateral 0.3 0.4 0.8 0.7 0.8 0.8 0.8 0.7 Concessional 0.3 0.4 0.6 0.6 0.7 0.7 0.7 0.7 Bilateral 0.1 0.0 0.0 0.0 0.2 0.2 0.2 0.2 Concessional 0.1 0.0 0.0 0.0 0.2 0.2 0.2 0.2 Private creditors 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 of which: Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks and other 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 0.2 0.4 0.4 0.4 0.4 0.4 0.4 0.3 148 EQUATORIAL GUINEA (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 6. CURRENCY COMPOSITION OF PUBLIC AND PUBLICLY GUARANTEED DEBT (PERCENT) Euro .. .. .. 28.7 31.2 30.8 28.6 31.4 Japanese yen 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Pound sterling 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Swiss franc 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 U.S.dollars 37.8 40.7 43.9 42.0 40.1 37.9 39.1 39.5 7. DEBT RESTRUCTURINGS Total amount rescheduled 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Debt stock rescheduled 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal rescheduled 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Official 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Interest rescheduled 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Official 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Debt forgiven 18.5 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: interest forgiven 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Debt stock reduction 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 of which debt buyback 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 8. DEBT STOCK-FLOW RECONCILIATION Total change in debt stocks 12.0 4.3 -23.3 21.5 58.9 -23.4 -23.6 5.8 Net flows on debt 9.7 -8.1 -12.3 1.1 32.7 -45.5 -0.8 -0.4 Cross-currency valuation 15.4 6.7 -7.9 13.2 18.2 18.0 -15.4 9.7 9. AVERAGE TERMS OF NEW COMMITMENTS ALL CREDITORS Interest (%) 0.9 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Maturity (years) 38.2 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Grace period (years) 10.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Grant element (%) 77.5 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Official creditors Interest (%) 0.9 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Maturity (years) 38.2 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Grace period (years) 10.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Grant element (%) 77.5 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private creditors Interest (%) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Maturity (years) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Grace period (years) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Grant element (%) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 10. CONTRACTUAL OBLIGATIONS ON OUTSTANDING LONG-TERM DEBT 2007 2008 2009 2010 2011 2012 2013 2014 TOTAL Principal 4.0 4.2 4.2 4.1 3.8 3.8 3.9 3.9 Interest 0.8 0.8 0.7 0.7 0.7 0.6 0.6 0.5 Official creditors Principal 4.0 4.2 4.2 4.1 3.8 3.8 3.9 3.9 Interest 0.8 0.8 0.7 0.7 0.7 0.6 0.6 0.5 Bilateral creditors Principal 0.9 0.8 0.8 0.7 0.6 0.6 0.6 0.6 Interest 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 Multilateral creditors Principal 3.1 3.4 3.5 3.4 3.1 3.1 3.3 3.3 Interest 0.7 0.7 0.6 0.6 0.6 0.5 0.5 0.5 Private creditors Principal 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Interest 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Notes: Data on long-term public and publicly guaranteed debt for 2006 are estimates based on the original terms of the loans. 149 ERITREA (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 1. SUMMARY DEBT DATA TOTAL DEBT STOCKS (EDT) .. 36.7 311.1 520.3 634.6 718.2 735.5 799.9 Long-term debt (LDOD) .. 36.7 298.0 489.2 605.1 704.0 723.0 781.4 Public and publicly guaranteed .. 36.7 298.0 489.2 605.1 704.0 723.0 781.4 Private nonguaranteed .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Use of IMF credit .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Short-term debt .. 0.0 13.1 31.1 29.4 14.2 12.6 18.6 of which interest arrears on LDOD .. 0.0 2.0 0.9 2.4 1.7 1.6 3.6 Official creditors .. 0.0 2.0 0.9 2.4 1.7 1.4 3.6 Private creditors .. 0.0 0.0 0.0 0.0 0.0 0.2 0.0 Memorandum items Principal arrears on LDOD .. 0.0 4.9 7.0 13.8 28.0 13.9 21.4 Official creditors .. 0.0 4.9 7.0 13.8 28.0 13.9 21.4 Private creditors .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 TOTAL DEBT FLOWS Disbursements .. 7.2 50.7 75.9 89.4 92.7 70.6 37.9 Long-term debt .. 7.2 50.7 75.9 89.4 92.7 70.6 37.9 IMF purchases .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal repayments .. 0.0 0.5 2.6 5.8 10.4 11.8 6.2 Long-term debt .. 0.0 0.5 2.6 5.8 10.4 11.8 6.2 IMF repurchases .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Net flows on debt .. 7.2 61.2 85.4 80.4 67.9 57.4 35.7 of which short-term debt .. 0.0 11.0 12.0 -3.2 -14.5 -1.5 4.0 Interest payments (INT) .. 0.2 2.8 6.7 6.0 9.0 8.8 6.5 Long-term debt .. 0.2 2.5 6.3 5.0 8.6 8.4 6.1 IMF charges .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Short-term debt .. 0.0 0.3 0.4 0.9 0.5 0.4 0.4 Net transfers on debt .. 7.1 58.4 78.6 74.4 58.9 48.5 29.2 Total debt service paid (TDS) .. 0.2 3.3 9.4 11.8 19.4 20.6 12.7 Long-term debt .. 0.2 3.0 8.9 10.9 18.9 20.2 12.3 IMF repurchases and charges .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Short-term debt (interest only) .. 0.0 0.3 0.4 0.9 0.5 0.4 0.4 2. OTHER NET RESOURCE FLOWS (LONG-TERM) Net flow of long-term debt (ex. IMF) .. 7.2 50.2 73.3 83.6 82.4 58.9 31.7 Foreign direct investment (net) .. 0.0 27.9 20.0 22.0 -7.9 11.4 3.7 Portfolio equity flows .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Grants (excluding technical coop.) .. 103.2 104.3 122.1 205.3 189.8 241.9 90.0 of which: Debt forgiveness grants .. .. 0.0 0.0 0.0 0.0 0.0 0.0 IDA grants .. .. .. 0.0 8.7 6.9 8.2 4.4 Memo: technical coop. grants .. 42.7 22.1 32.0 41.1 32.7 26.2 17.9 Interest on long-term debt .. 0.2 2.5 6.3 5.0 8.6 8.4 6.1 Profit remittances on FDI .. 0.0 4.4 0.0 0.0 0.0 0.0 0.0 3. MAJOR ECONOMIC AGGREGATES Gross national income (GNI) .. 585.6 634.1 624.6 574.3 619.7 962.0 1079.0 Exports of goods, serv. & inc. (XGS) .. 142.4 106.9 .. .. .. .. .. Worker remit. & comp. of employees .. 0.0 3.0 0.0 0.0 0.0 0.0 0.0 Imports of goods & services (MGS) .. 498.2 510.3 .. .. .. .. .. International reserves (RES) .. 40.5 36.1 30.3 24.7 34.7 27.9 25.4 Current account balance .. -31.5 -104.7 .. .. .. .. .. 4. DEBT INDICATORS EDT / XGS (%) .. 25.8 291.1 .. .. .. .. .. EDT / GNI (%) .. 6.3 49.1 83.3 110.5 115.9 76.5 74.1 TDS / XGS (%) .. 0.1 3.1 .. .. .. .. .. INT / XGS (%) .. 0.1 2.6 .. .. .. .. .. INT / GNI (%) .. 0.0 0.4 1.1 1.0 1.5 0.9 0.6 RES / EDT (%) .. 110.4 11.6 5.8 3.9 4.8 3.8 3.2 RES / MGS (months) .. 1.0 0.8 .. .. .. .. .. Short-term / EDT (%) .. 0.0 4.2 6.0 4.6 2.0 1.7 2.3 Concessional / EDT (%) .. 100.0 90.5 90.9 92.7 90.4 91.7 91.2 Multilateral / EDT (%) .. 66.3 48.8 60.1 65.1 67.1 69.4 70.2 150 ERITREA (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 5. LONG-TERM DEBT DEBT OUTSTANDING (LDOD) .. 36.7 298.0 489.2 605.1 704.0 723.0 781.4 Public and publicly guaranteed .. 36.7 298.0 489.2 605.1 704.0 723.0 781.4 Official creditors .. 36.7 298.0 489.2 605.1 666.1 690.1 744.7 Multilateral .. 24.3 151.9 312.6 413.1 481.7 510.1 561.6 Concessional .. 24.3 144.9 305.9 405.7 474.4 504.4 556.0 Bilateral .. 12.4 146.1 176.6 192.0 184.4 180.0 183.1 Concessional .. 12.4 136.5 166.9 182.4 174.7 170.4 173.4 Private creditors .. 0.0 0.0 0.0 0.0 37.9 32.9 36.7 of which: Bonds .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private nonguaranteed .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks and other .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA .. 24.3 84.5 218.6 301.4 352.0 381.1 419.4 Public sector LDOD .. 36.7 298.0 489.2 605.1 704.0 723.0 781.4 Private sector LDOD .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 DISBURSEMENTS .. 7.2 50.7 75.9 89.4 92.7 70.6 37.9 Public and publicly guaranteed .. 7.2 50.7 75.9 89.4 92.7 70.6 37.9 Official creditors .. 7.2 50.7 75.9 89.4 58.1 70.6 37.4 Multilateral .. 5.4 39.2 59.3 72.2 56.6 70.0 33.1 Concessional .. 5.4 38.1 59.3 72.2 56.6 70.0 33.1 Bilateral .. 1.8 11.5 16.7 17.2 1.5 0.6 4.3 Concessional .. 1.8 11.5 16.7 17.2 1.5 0.6 4.3 Private creditors .. 0.0 0.0 0.0 0.0 34.6 0.0 0.5 of which: Bonds .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private nonguaranteed .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks and other .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA .. 5.4 31.6 46.2 58.7 35.6 57.3 20.2 PRINCIPAL REPAYMENTS .. 0.0 0.5 2.6 5.8 10.4 11.8 6.2 Public and publicly guaranteed .. 0.0 0.5 2.6 5.8 10.4 11.8 6.2 Official creditors .. 0.0 0.5 2.6 5.8 10.4 11.8 6.2 Multilateral .. 0.0 0.5 1.5 2.7 4.1 6.5 4.2 Concessional .. 0.0 0.0 1.0 2.1 3.4 5.9 3.6 Bilateral .. 0.0 0.0 1.1 3.1 6.2 5.2 2.0 Concessional .. 0.0 0.0 1.1 3.1 6.2 5.2 2.0 Private creditors .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 of which: Bonds .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private nonguaranteed .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks and other .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA .. 0.0 0.0 0.0 0.2 0.5 0.5 0.7 INTEREST PAYMENTS (LINT) .. 0.2 2.5 6.3 5.0 8.6 8.4 6.1 Public and publicly guaranteed .. 0.2 2.5 6.3 5.0 8.6 8.4 6.1 Official creditors .. 0.2 2.5 6.3 5.0 8.6 8.4 6.0 Multilateral .. 0.2 1.3 3.7 3.4 5.4 5.9 5.1 Concessional .. 0.2 1.2 3.6 3.2 5.2 5.8 4.9 Bilateral .. 0.0 1.2 2.6 1.7 3.2 2.5 0.9 Concessional .. 0.0 1.2 2.6 1.7 3.2 2.5 0.9 Private creditors .. 0.0 0.0 0.0 0.0 0.0 0.0 0.1 of which: Bonds .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private nonguaranteed .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks and other .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA .. 0.2 0.4 1.3 1.8 3.3 3.0 3.6 151 ERITREA (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 6. CURRENCY COMPOSITION OF PUBLIC AND PUBLICLY GUARANTEED DEBT (PERCENT) Euro .. .. .. 1.4 1.2 6.4 5.3 5.4 Japanese yen .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Pound sterling .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Swiss franc .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 U.S.dollars .. 66.3 57.0 66.4 69.5 66.7 68.5 68.1 7. DEBT RESTRUCTURINGS Total amount rescheduled .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Debt stock rescheduled .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal rescheduled .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Official .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Interest rescheduled .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Official .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Debt forgiven .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: interest forgiven .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Debt stock reduction .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 of which debt buyback .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 8. DEBT STOCK-FLOW RECONCILIATION Total change in debt stocks .. 7.6 58.4 106.4 114.2 83.6 17.3 64.4 Net flows on debt .. 7.2 61.2 85.4 80.4 67.9 57.4 35.7 Cross-currency valuation .. 0.4 -4.2 17.3 30.2 15.1 -34.6 23.7 9. AVERAGE TERMS OF NEW COMMITMENTS ALL CREDITORS Interest (%) .. 2.0 0.7 0.9 0.8 0.7 1.0 1.0 Maturity (years) .. 23.9 39.7 37.5 40.0 36.2 24.3 25.7 Grace period (years) .. 5.6 10.4 9.4 10.5 16.5 3.8 6.0 Grant element (%) .. 56.6 80.8 77.1 80.9 82.6 61.3 65.4 Official creditors Interest (%) .. 2.0 0.7 0.9 0.8 0.8 1.0 1.0 Maturity (years) .. 23.9 39.7 37.5 40.0 36.3 24.3 25.7 Grace period (years) .. 5.6 10.4 9.4 10.5 8.8 3.8 6.0 Grant element (%) .. 56.6 80.8 77.1 80.9 76.2 61.3 65.4 Private creditors Interest (%) .. 0.0 0.0 0.0 0.0 0.5 0.0 0.0 Maturity (years) .. 0.0 0.0 0.0 0.0 36.1 0.0 0.0 Grace period (years) .. 0.0 0.0 0.0 0.0 24.6 0.0 0.0 Grant element (%) .. 0.0 0.0 0.0 0.0 89.3 0.0 0.0 10. CONTRACTUAL OBLIGATIONS ON OUTSTANDING LONG-TERM DEBT 2007 2008 2009 2010 2011 2012 2013 2014 TOTAL Principal 19.5 20.3 21.3 23.1 26.4 27.1 27.1 27.1 Interest 7.8 7.7 7.6 7.4 7.0 6.6 6.2 5.8 Official creditors Principal 19.5 20.3 21.3 23.1 26.4 27.1 27.1 27.1 Interest 7.7 7.6 7.4 7.2 6.8 6.4 6.0 5.6 Bilateral creditors Principal 11.2 10.5 10.7 12.0 12.2 12.0 11.8 11.8 Interest 2.5 2.3 2.2 2.1 1.9 1.7 1.5 1.3 Multilateral creditors Principal 8.3 9.9 10.6 11.0 14.2 15.1 15.3 15.3 Interest 5.2 5.2 5.2 5.1 4.9 4.7 4.5 4.3 Private creditors Principal 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Interest 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 Notes: 152 ETHIOPIA (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 1. SUMMARY DEBT DATA TOTAL DEBT STOCKS (EDT) 8,630 10,308 5,483 6,526 7,272 6,644 6,261 2,326 Long-term debt (LDOD) 8,479 9,774 5,327 6,319 7,031 6,332 5,899 2,212 Public and publicly guaranteed 8,479 9,774 5,327 6,319 7,031 6,332 5,899 2,212 Private nonguaranteed 0 0 0 0 0 0 0 0 Use of IMF credit 6 73 77 143 157 183 160 0 Short-term debt 145 460 79 64 83 129 202 114 of which interest arrears on LDOD 43 437 65 46 41 36 36 36 Official creditors 39 418 60 41 36 34 35 35 Private creditors 3 19 5 5 5 1 1 1 Memorandum items Principal arrears on LDOD 236 3,628 651 587 566 546 512 373 Official creditors 197 3,457 612 554 532 531 499 365 Private creditors 40 172 39 33 34 15 12 9 TOTAL DEBT FLOWS Disbursements 374 232 185 672 386 403 534 368 Long-term debt 374 232 185 627 372 372 534 368 IMF purchases 0 0 0 44 15 31 0 0 Principal repayments 177 91 84 48 47 51 35 106 Long-term debt 152 91 71 37 38 42 31 106 IMF repurchases 25 0 13 11 8 9 4 0 Net flows on debt 203 133 90 629 363 403 572 173 of which short-term debt 7 -8 -11 6 24 51 73 -88 Interest payments (INT) 59 63 53 37 45 49 54 58 Long-term debt 48 61 52 36 43 46 49 54 IMF charges 2 0 0 1 1 1 1 0 Short-term debt 8 1 1 1 1 2 4 4 Net transfers on debt 145 70 37 593 318 353 518 116 Total debt service paid (TDS) 236 154 137 85 92 100 89 164 Long-term debt 201 152 123 73 82 89 80 160 IMF repurchases and charges 27 0 13 12 9 10 5 0 Short-term debt (interest only) 8 1 1 1 1 2 4 4 2. OTHER NET RESOURCE FLOWS (LONG-TERM) Net flow of long-term debt (ex. IMF) 222 141 114 590 333 330 503 261 Foreign direct investment (net) 12 14 135 255 465 545 221 364 Portfolio equity flows 0 0 0 0 0 0 0 0 Grants (excluding technical coop.) 604 476 425 530 1,257 1,451 1,460 5,015 of which: Debt forgiveness grants .. .. 14 38 63 151 148 3,787 IDA grants .. .. .. 0 47 282 72 168 Memo: technical coop. grants 250 164 120 166 166 178 200 262 Interest on long-term debt 48 61 52 36 43 46 49 54 Profit remittances on FDI 0 0 9 11 17 28 21 24 3. MAJOR ECONOMIC AGGREGATES Gross national income (GNI) 12,016 7,545 7,843 7,389 7,964 9,421 11,338 13,277 Exports of goods, serv. & inc. (XGS) 606 836 1,062 1,113 1,323 1,849 2,146 2,424 Worker remit. & comp. of employees 5 27 53 33 47 134 174 172 Imports of goods & services (MGS) 1,349 1,533 1,673 2,072 2,647 3,787 4,943 5,314 International reserves (RES) 55 815 363 966 956 1,497 1,121 833 Current account balance -294 39 13 -137 -136 -668 -1,568 -1,786 4. DEBT INDICATORS EDT / XGS (%) 1,424.6 1,233.1 516.5 586.4 549.4 359.3 291.7 96.0 EDT / GNI (%) 71.8 136.6 69.9 88.3 91.3 70.5 55.2 17.5 TDS / XGS (%) 39.0 18.4 12.9 7.6 7.0 5.4 4.1 6.8 INT / XGS (%) 9.7 7.5 5.0 3.3 3.4 2.7 2.5 2.4 INT / GNI (%) 0.5 0.8 0.7 0.5 0.6 0.5 0.5 0.4 RES / EDT (%) 0.6 7.9 6.6 14.8 13.1 22.5 17.9 35.8 RES / MGS (months) 0.5 6.4 2.6 5.6 4.3 4.7 2.7 1.9 Short-term / EDT (%) 1.7 4.5 1.4 1.0 1.1 1.9 3.2 4.9 Concessional / EDT (%) 87.3 84.6 87.7 89.2 87.6 85.3 82.2 65.9 Multilateral / EDT (%) 14.7 22.7 50.0 59.3 60.4 72.5 74.9 47.8 153 ETHIOPIA (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 5. LONG-TERM DEBT DEBT OUTSTANDING (LDOD) 8,479 9,774 5,327 6,319 7,031 6,332 5,899 2,212 Public and publicly guaranteed 8,479 9,774 5,327 6,319 7,031 6,332 5,899 2,212 Official creditors 7,906 9,183 5,214 6,225 6,825 6,079 5,534 1,895 Multilateral 1,268 2,339 2,741 3,868 4,392 4,817 4,692 1,113 Concessional 1,151 2,157 2,547 3,675 4,196 4,617 4,541 961 Bilateral 6,637 6,844 2,473 2,357 2,432 1,262 843 783 Concessional 6,382 6,559 2,264 2,148 2,175 1,048 603 571 Private creditors 573 590 113 94 207 253 364 316 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 116 253 12 3 1 1 1 0 Private nonguaranteed 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 Commercial banks and other 0 0 0 0 0 0 0 0 Memo: IBRD 27 0 0 0 0 0 0 0 IDA 824 1,470 1,779 2,756 3,179 3,488 3,359 553 Public sector LDOD 8,477 9,774 5,327 6,319 7,031 6,332 5,899 2,212 Private sector LDOD 1 0 0 0 0 0 0 0 DISBURSEMENTS 374 232 185 627 372 372 534 368 Public and publicly guaranteed 374 232 185 627 372 372 534 368 Official creditors 324 232 184 627 237 294 407 368 Multilateral 139 209 181 583 237 293 330 288 Concessional 128 177 176 560 232 288 325 257 Bilateral 185 23 3 44 0 2 76 80 Concessional 128 23 3 44 0 2 76 80 Private creditors 51 0 2 0 134 78 127 0 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 Commercial banks and other 0 0 0 0 0 0 0 0 Memo: IBRD 0 0 0 0 0 0 0 0 IDA 74 84 137 465 204 202 162 179 PRINCIPAL REPAYMENTS 152 91 71 37 38 42 31 106 Public and publicly guaranteed 152 91 71 37 38 42 31 106 Official creditors 45 43 62 33 32 35 20 61 Multilateral 16 40 55 19 21 28 14 56 Concessional 7 22 31 12 13 18 3 33 Bilateral 29 3 6 14 12 7 5 5 Concessional 13 3 6 13 12 4 4 4 Private creditors 107 48 10 4 6 7 11 45 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 45 39 4 4 2 0 0 1 Private nonguaranteed 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 Commercial banks and other 0 0 0 0 0 0 0 0 Memo: IBRD 7 4 0 0 0 0 0 0 IDA 4 12 21 5 9 13 0 23 INTEREST PAYMENTS (LINT) 48 61 52 36 43 46 49 54 Public and publicly guaranteed 48 61 52 36 43 46 49 54 Official creditors 24 32 48 35 41 45 39 37 Multilateral 13 23 33 27 31 39 29 32 Concessional 7 14 20 19 24 31 23 26 Bilateral 11 9 14 8 10 6 11 5 Concessional 9 6 11 7 9 2 3 1 Private creditors 24 29 4 1 2 1 10 17 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 11 27 1 1 1 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 Commercial banks and other 0 0 0 0 0 0 0 0 Memo: IBRD 2 0 0 0 0 0 0 0 IDA 6 11 13 12 17 23 15 16 154 ETHIOPIA (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 6. CURRENCY COMPOSITION OF PUBLIC AND PUBLICLY GUARANTEED DEBT (PERCENT) Euro .. .. .. 5.3 6.2 5.1 5.3 14.1 Japanese yen 0.5 0.4 0.3 0.2 0.2 0.2 0.2 0.1 Pound sterling 0.3 0.2 0.3 0.3 0.3 0.4 0.0 0.0 Swiss franc 0.1 0.1 0.1 0.1 0.1 0.0 0.0 0.0 U.S.dollars 24.2 29.0 76.0 77.2 76.9 74.6 72.7 63.0 7. DEBT RESTRUCTURINGS Total amount rescheduled 0 30 0 10 22 0 163 0 Debt stock rescheduled 0 0 0 0 11 0 0 0 Principal rescheduled 0 23 0 12 11 0 163 0 Official 0 12 0 12 11 0 163 0 Private 0 11 0 0 0 0 0 0 Interest rescheduled 0 6 0 0 0 0 0 0 Official 0 2 0 0 0 0 0 0 Private 0 3 0 0 0 0 0 0 Debt forgiven 66 7 0 72 157 56 431 247 Memo: interest forgiven 0 1 0 23 16 8 16 11 Debt stock reduction 0 0 0 14 282 1,301 0 3,937 of which debt buyback 0 0 0 0 0 0 0 0 8. DEBT STOCK-FLOW RECONCILIATION Total change in debt stocks 789 245 -61 799 746 -628 -383 -3,935 Net flows on debt 203 133 90 629 363 403 572 173 Cross-currency valuation 585 22 -105 100 120 9 -500 -4,129 9. AVERAGE TERMS OF NEW COMMITMENTS ALL CREDITORS Interest (%) 6.6 1.0 0.8 1.1 1.3 0.9 0.9 0.9 Maturity (years) 21.7 36.3 38.4 39.4 20.9 38.7 32.4 36.4 Grace period (years) 3.5 9.3 10.0 9.8 5.7 9.5 6.3 7.9 Grant element (%) 23.7 76.1 78.8 76.7 47.9 76.9 68.6 74.9 Official creditors Interest (%) 1.9 1.0 0.8 1.1 0.8 0.9 0.9 0.9 Maturity (years) 32.7 36.3 38.4 39.4 38.7 38.7 32.4 36.4 Grace period (years) 8.0 9.3 10.0 9.8 9.5 9.5 6.3 7.9 Grant element (%) 59.0 76.1 78.8 76.7 77.1 76.9 68.6 74.9 Private creditors Interest (%) 9.8 0.0 0.0 0.0 1.5 0.0 0.0 0.0 Maturity (years) 14.1 0.0 0.0 0.0 12.8 0.0 0.0 0.0 Grace period (years) 0.4 0.0 0.0 0.0 4.0 0.0 0.0 0.0 Grant element (%) -0.4 0.0 0.0 0.0 34.8 0.0 0.0 0.0 10. CONTRACTUAL OBLIGATIONS ON OUTSTANDING LONG-TERM DEBT 2007 2008 2009 2010 2011 2012 2013 2014 TOTAL Principal 106 179 169 158 97 100 105 112 Interest 48 45 40 34 32 31 29 28 Official creditors Principal 60 74 86 83 97 100 105 112 Interest 30 32 32 32 32 31 29 28 Bilateral creditors Principal 25 26 30 30 33 33 34 35 Interest 12 12 12 11 11 10 9 8 Multilateral creditors Principal 35 48 56 53 63 67 71 77 Interest 19 20 20 21 21 21 20 20 Private creditors Principal 46 104 83 75 0 0 0 0 Interest 18 13 8 2 0 0 0 0 Notes: Ethiopia was granted debt relief effective in 2006 under the Multilateral Debt Relief Initiative. 155 FIJI (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 1. SUMMARY DEBT DATA TOTAL DEBT STOCKS (EDT) 403.1 246.2 134.4 140.4 203.4 202.2 232.1 237.2 Long-term debt (LDOD) 391.1 231.2 118.6 103.5 117.0 126.6 120.8 126.3 Public and publicly guaranteed 296.4 163.2 99.5 96.0 110.5 119.6 116.0 122.8 Private nonguaranteed 94.7 68.0 19.1 7.5 6.4 7.0 4.8 3.5 Use of IMF credit 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Short-term debt 12.0 15.0 15.8 36.9 86.4 75.7 111.4 110.9 of which interest arrears on LDOD 0.0 0.1 0.2 0.4 0.3 0.4 0.4 0.9 Official creditors 0.0 0.1 0.2 0.4 0.3 0.4 0.4 0.9 Private creditors 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memorandum items Principal arrears on LDOD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Official creditors 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private creditors 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 TOTAL DEBT FLOWS Disbursements 29.3 15.2 7.1 12.8 16.3 11.8 14.1 12.8 Long-term debt 29.3 15.2 7.1 12.8 16.3 11.8 14.1 12.8 IMF purchases 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal repayments 73.0 50.7 22.5 16.3 11.7 8.9 10.4 8.9 Long-term debt 72.1 50.7 22.5 16.3 11.7 8.9 10.4 8.9 IMF repurchases 0.8 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Net flows on debt -45.6 -36.6 -17.1 17.2 54.1 -7.9 39.5 2.9 of which short-term debt -2.0 -1.1 -1.7 20.7 49.6 -10.8 35.7 -1.0 Interest payments (INT) 32.6 15.6 7.2 5.4 6.6 5.8 6.6 7.4 Long-term debt 31.1 14.7 6.3 5.0 4.5 3.8 4.1 4.6 IMF charges 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Short-term debt 1.5 0.9 0.8 0.5 2.1 2.0 2.4 2.9 Net transfers on debt -78.2 -52.2 -24.3 11.8 47.5 -13.8 32.9 -4.6 Total debt service paid (TDS) 105.5 66.2 29.7 21.7 18.3 14.7 16.9 16.4 Long-term debt 103.2 65.3 28.8 21.2 16.2 12.7 14.5 13.5 IMF repurchases and charges 0.8 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Short-term debt (interest only) 1.5 0.9 0.8 0.5 2.1 2.0 2.4 2.9 2. OTHER NET RESOURCE FLOWS (LONG-TERM) Net flow of long-term debt (ex. IMF) -42.8 -35.5 -15.4 -3.5 4.6 2.9 3.7 3.9 Foreign direct investment (net) 91.9 69.5 -1.7 29.8 36.7 109.9 13.8 157.1 Portfolio equity flows 0.0 0.0 0.0 0.0 0.0 1.0 0.9 -1.6 Grants (excluding technical coop.) 14.3 21.4 9.3 6.0 16.8 26.7 36.0 22.6 of which: Debt forgiveness grants .. .. 0.0 0.0 0.0 0.0 0.0 0.0 IDA grants .. .. .. 0.0 0.0 0.0 0.0 0.0 Memo: technical coop. grants 36.2 30.9 21.9 22.7 27.4 28.9 29.3 34.6 Interest on long-term debt 31.1 14.7 6.3 5.0 4.5 3.8 4.1 4.6 Profit remittances on FDI 49.4 83.7 9.8 53.4 84.0 140.7 114.4 162.2 3. MAJOR ECONOMIC AGGREGATES Gross national income (GNI) 1289.6 1931.1 1713.8 1851.2 2303.9 2717.9 2970.3 3068.9 Exports of goods, serv. & inc. (XGS) 881.6 1139.1 1048.8 1104.3 1438.5 1541.6 1722.2 1679.6 Worker remit. & comp. of employees 22.0 33.0 24.0 24.0 123.0 172.0 184.0 165.5 Imports of goods & services (MGS) 974.3 1254.7 1142.8 1157.2 1564.0 1927.9 2112.8 2366.8 International reserves (RES) 261.1 349.3 412.0 359.1 424.0 478.5 318.8 .. Current account balance -94.0 -112.7 -67.2 -20.5 -94.6 -370.4 -395.9 -708.7 4. DEBT INDICATORS EDT / XGS (%) 45.7 21.6 12.8 12.7 14.1 13.1 13.5 14.1 EDT / GNI (%) 31.3 12.8 7.8 7.6 8.8 7.4 7.8 7.7 TDS / XGS (%) 12.0 5.8 2.8 2.0 1.3 1.0 1.0 1.0 INT / XGS (%) 3.7 1.4 0.7 0.5 0.5 0.4 0.4 0.4 INT / GNI (%) 2.5 0.8 0.4 0.3 0.3 0.2 0.2 0.2 RES / EDT (%) 64.8 141.9 306.5 255.8 208.4 236.6 137.4 .. RES / MGS (months) 3.2 3.3 4.3 3.7 3.3 3.0 1.8 .. Short-term / EDT (%) 3.0 6.1 11.8 26.3 42.5 37.4 48.0 46.7 Concessional / EDT (%) 7.4 8.5 14.0 18.7 16.5 17.8 12.8 13.5 Multilateral / EDT (%) 50.1 60.8 66.0 55.7 41.4 45.0 39.7 40.9 156 FIJI (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 5. LONG-TERM DEBT DEBT OUTSTANDING (LDOD) 391.1 231.2 118.6 103.5 117.0 126.6 120.8 126.3 Public and publicly guaranteed 296.4 163.2 99.5 96.0 110.5 119.6 116.0 122.8 Official creditors 269.5 162.7 99.5 96.0 110.5 119.6 116.0 122.8 Multilateral 202.0 149.7 88.8 78.2 84.3 91.0 92.2 97.1 Concessional 14.7 11.6 8.2 8.6 7.3 7.5 6.0 6.3 Bilateral 67.5 13.0 10.7 17.7 26.3 28.6 23.7 25.7 Concessional 15.3 9.3 10.7 17.7 26.3 28.5 23.7 25.7 Private creditors 26.9 0.6 0.0 0.0 0.0 0.0 0.0 0.0 of which: Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 12.1 0.4 0.0 0.0 0.0 0.0 0.0 0.0 Private nonguaranteed 94.7 68.0 19.1 7.5 6.4 7.0 4.8 3.5 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks and other 94.7 68.0 19.1 7.5 6.4 7.0 4.8 3.5 Memo: IBRD 67.8 35.3 19.7 12.0 11.1 9.3 6.3 4.3 IDA 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Public sector LDOD 296.4 163.2 99.5 96.0 110.5 119.6 116.0 122.8 Private sector LDOD 94.7 68.0 19.1 7.5 6.4 7.0 4.8 3.5 DISBURSEMENTS 29.3 15.2 7.1 12.8 16.3 11.8 14.1 12.8 Public and publicly guaranteed 15.1 15.2 7.1 12.8 16.3 11.8 14.1 12.8 Official creditors 14.4 15.2 7.1 12.8 16.3 11.8 14.1 12.8 Multilateral 13.2 15.2 5.6 4.7 9.2 9.5 14.1 9.7 Concessional 0.0 0.0 0.0 0.0 0.2 0.1 0.0 0.0 Bilateral 1.1 0.0 1.5 8.1 7.1 2.3 0.0 3.1 Concessional 1.0 0.0 1.5 8.1 7.1 2.3 0.0 3.1 Private creditors 0.7 0.0 0.0 0.0 0.0 0.0 0.0 0.0 of which: Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.6 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private nonguaranteed 14.2 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks and other 14.2 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 5.1 5.6 1.0 0.0 0.0 0.0 0.0 0.0 IDA 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 PRINCIPAL REPAYMENTS 72.1 50.7 22.5 16.3 11.7 8.9 10.4 8.9 Public and publicly guaranteed 54.6 31.2 16.9 10.8 10.6 6.4 8.1 7.6 Official creditors 41.5 30.2 16.9 10.7 10.6 6.4 8.1 7.6 Multilateral 33.8 28.2 14.8 9.8 9.6 5.5 6.1 6.3 Concessional 0.3 0.5 0.5 0.3 2.1 0.4 0.6 0.4 Bilateral 7.7 2.0 2.1 1.0 1.0 0.9 2.0 1.3 Concessional 0.8 1.4 1.4 1.0 1.0 0.9 2.0 1.3 Private creditors 13.2 1.0 0.0 0.0 0.0 0.0 0.0 0.0 of which: Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 5.7 0.2 0.0 0.0 0.0 0.0 0.0 0.0 Private nonguaranteed 17.5 19.5 5.6 5.5 1.1 2.5 2.2 1.3 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks and other 17.5 19.5 5.6 5.5 1.1 2.5 2.2 1.3 Memo: IBRD 9.1 11.5 7.7 3.8 2.1 2.3 2.3 2.2 IDA 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 INTEREST PAYMENTS (LINT) 31.1 14.7 6.3 5.0 4.5 3.8 4.1 4.6 Public and publicly guaranteed 23.7 10.3 5.5 4.5 3.8 3.5 3.9 4.4 Official creditors 21.0 10.2 5.5 4.5 3.8 3.5 3.9 4.4 Multilateral 15.0 9.5 5.2 4.0 3.4 3.0 3.2 3.9 Concessional 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 Bilateral 6.0 0.7 0.3 0.5 0.4 0.6 0.7 0.5 Concessional 0.3 0.3 0.3 0.5 0.4 0.6 0.7 0.5 Private creditors 2.6 0.1 0.0 0.0 0.0 0.0 0.0 0.0 of which: Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 1.1 0.1 0.0 0.0 0.0 0.0 0.0 0.0 Private nonguaranteed 7.4 4.4 0.8 0.5 0.7 0.3 0.2 0.2 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks and other 7.4 4.4 0.8 0.5 0.7 0.3 0.2 0.2 Memo: IBRD 5.6 3.0 1.4 0.7 0.6 0.4 0.4 0.3 IDA 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 157 FIJI (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 6. CURRENCY COMPOSITION OF PUBLIC AND PUBLICLY GUARANTEED DEBT (PERCENT) Euro .. .. .. 4.9 5.0 4.7 3.6 3.5 Japanese yen 0.0 0.0 1.4 10.2 16.9 18.0 15.5 13.7 Pound sterling 13.7 3.3 0.0 0.0 0.0 0.0 0.0 0.0 Swiss franc 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 U.S.dollars 5.4 0.8 11.7 20.5 25.1 30.2 42.5 47.3 7. DEBT RESTRUCTURINGS Total amount rescheduled 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Debt stock rescheduled 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal rescheduled 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Official 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Interest rescheduled 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Official 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Debt forgiven 0.0 0.0 0.0 0.2 0.4 0.0 0.0 0.0 Memo: interest forgiven 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Debt stock reduction 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 of which debt buyback 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 8. DEBT STOCK-FLOW RECONCILIATION Total change in debt stocks -6.9 -32.3 -26.3 25.0 63.0 -1.2 29.9 5.0 Net flows on debt -45.6 -36.6 -17.1 17.2 54.1 -7.9 39.5 2.9 Cross-currency valuation 24.5 -6.0 -7.9 6.2 6.6 2.5 -8.2 0.4 9. AVERAGE TERMS OF NEW COMMITMENTS ALL CREDITORS Interest (%) 6.6 4.5 0.0 2.5 0.0 2.6 4.3 6.3 Maturity (years) 24.7 12.0 0.0 24.4 0.0 24.0 24.7 7.2 Grace period (years) 5.1 4.5 0.0 3.9 0.0 4.5 5.2 0.1 Grant element (%) 22.8 28.8 0.0 51.9 0.0 51.6 40.2 12.1 Official creditors Interest (%) 6.6 4.5 0.0 2.5 0.0 2.6 4.3 2.0 Maturity (years) 24.8 12.0 0.0 24.4 0.0 24.0 24.7 20.4 Grace period (years) 5.1 4.5 0.0 3.9 0.0 4.5 5.2 0.4 Grant element (%) 22.9 28.8 0.0 51.9 0.0 51.6 40.2 45.3 Private creditors Interest (%) 8.8 0.0 0.0 0.0 0.0 0.0 0.0 6.9 Maturity (years) 10.4 0.0 0.0 0.0 0.0 0.0 0.0 5.3 Grace period (years) 6.3 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Grant element (%) 3.5 0.0 0.0 0.0 0.0 0.0 0.0 7.6 10. CONTRACTUAL OBLIGATIONS ON OUTSTANDING LONG-TERM DEBT 2007 2008 2009 2010 2011 2012 2013 2014 TOTAL Principal 42.2 42.0 44.4 43.3 44.7 13.3 11.2 11.2 Interest 9.3 12.5 12.8 11.5 9.6 7.2 6.5 6.0 Official creditors Principal 11.2 11.2 13.7 13.3 14.2 12.8 11.2 11.2 Interest 6.7 7.2 7.4 7.3 7.2 6.9 6.5 6.0 Bilateral creditors Principal 2.9 2.9 2.9 2.9 2.9 2.6 2.3 2.3 Interest 0.6 0.6 0.5 0.4 0.5 0.6 0.6 0.5 Multilateral creditors Principal 8.3 8.3 10.8 10.4 11.3 10.2 8.9 8.9 Interest 6.1 6.6 6.8 6.8 6.7 6.3 5.9 5.5 Private creditors Principal 31.0 30.8 30.6 30.0 30.5 0.5 0.0 0.0 Interest 2.6 5.3 5.4 4.2 2.4 0.4 0.0 0.0 Notes: Long-term private nonguaranteed debt data are World Bank staff estimates. 158 GABON (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 1. SUMMARY DEBT DATA TOTAL DEBT STOCKS (EDT) 3,983 4,360 3,920 3,546 3,792 4,150 3,902 4,350 Long-term debt (LDOD) 3,150 3,976 3,453 3,241 3,395 3,800 3,582 3,860 Public and publicly guaranteed 3,150 3,976 3,453 3,241 3,395 3,800 3,582 3,860 Private nonguaranteed 0 0 0 0 0 0 0 0 Use of IMF credit 140 97 89 67 59 100 68 57 Short-term debt 693 287 377 238 339 250 251 434 of which interest arrears on LDOD 130 0 63 16 268 188 189 372 Official creditors 111 0 59 12 262 183 179 355 Private creditors 19 0 5 4 6 5 11 17 Memorandum items Principal arrears on LDOD 82 26 124 52 425 267 441 1,009 Official creditors 17 0 116 45 338 177 324 851 Private creditors 65 26 8 7 87 90 117 157 TOTAL DEBT FLOWS Disbursements 204 279 49 71 29 202 33 89 Long-term debt 195 222 32 71 29 140 33 89 IMF purchases 9 57 17 0 0 62 0 0 Principal repayments 40 216 196 238 241 178 68 60 Long-term debt 26 165 187 225 226 153 44 46 IMF repurchases 15 52 10 13 14 25 25 14 Net flows on debt 164 14 -341 -245 -362 15 -35 29 of which short-term debt 0 -49 -194 -79 -151 -9 0 0 Interest payments (INT) 136 240 156 170 134 45 43 25 Long-term debt 78 217 124 158 129 42 38 20 IMF charges 13 5 4 2 1 2 3 3 Short-term debt 45 17 28 10 4 2 2 2 Net transfers on debt 28 -226 -497 -415 -496 -30 -77 4 Total debt service paid (TDS) 176 456 352 407 375 223 111 85 Long-term debt 104 382 311 382 355 194 81 65 IMF repurchases and charges 27 57 14 15 15 26 28 18 Short-term debt (interest only) 45 17 28 10 4 2 2 2 2. OTHER NET RESOURCE FLOWS (LONG-TERM) Net flow of long-term debt (ex. IMF) 170 57 -155 -153 -197 -13 -10 43 Foreign direct investment (net) 73 -315 -43 39 158 320 321 268 Portfolio equity flows 0 0 0 0 0 0 0 0 Grants (excluding technical coop.) 30 87 39 56 85 33 49 22 of which: Debt forgiveness grants .. .. 13 40 62 7 3 0 IDA grants .. .. .. 0 0 0 0 0 Memo: technical coop. grants 36 46 26 29 41 44 46 56 Interest on long-term debt 78 217 124 158 129 42 38 20 Profit remittances on FDI 116 236 473 301 359 722 0 0 3. MAJOR ECONOMIC AGGREGATES Gross national income (GNI) 5,336 4,293 4,289 4,450 5,299 5,971 6,678 7,511 Exports of goods, serv. & inc. (XGS) 2,750 2,984 3,549 2,660 3,403 4,243 .. .. Worker remit. & comp. of employees 0 4 6 3 6 7 7 7 Imports of goods & services (MGS) 2,448 2,423 2,483 2,190 2,452 3,133 .. .. International reserves (RES) 279 153 194 144 202 449 675 1,122 Current account balance 168 515 1,001 338 766 924 .. .. 4. DEBT INDICATORS EDT / XGS (%) 144.8 146.1 110.5 133.3 111.4 97.8 .. .. EDT / GNI (%) 74.6 101.6 91.4 79.7 71.6 69.5 58.4 57.9 TDS / XGS (%) 6.4 15.3 9.9 15.3 11.0 5.3 .. .. INT / XGS (%) 4.9 8.0 4.4 6.4 3.9 1.1 .. .. INT / GNI (%) 2.5 5.6 3.6 3.8 2.5 0.8 0.6 0.3 RES / EDT (%) 7.0 3.5 4.9 4.1 5.3 10.8 17.3 25.8 RES / MGS (months) 1.4 0.8 0.9 0.8 1.0 1.7 .. .. Short-term / EDT (%) 17.4 6.6 9.6 6.7 8.9 6.0 6.4 10.0 Concessional / EDT (%) 10.6 16.2 35.0 37.2 25.7 20.1 17.7 18.3 Multilateral / EDT (%) 8.0 13.5 11.8 11.3 10.6 11.2 10.4 9.9 159 GABON (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 5. LONG-TERM DEBT DEBT OUTSTANDING (LDOD) 3,150 3,976 3,453 3,241 3,395 3,800 3,582 3,860 Public and publicly guaranteed 3,150 3,976 3,453 3,241 3,395 3,800 3,582 3,860 Official creditors 2,435 3,778 3,335 3,086 3,136 3,558 3,356 3,597 Multilateral 317 588 464 401 403 465 406 429 Concessional 29 28 27 30 39 42 49 69 Bilateral 2,118 3,189 2,871 2,685 2,734 3,093 2,949 3,167 Concessional 393 680 1,344 1,291 935 793 643 725 Private creditors 715 199 119 155 258 242 227 263 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 181 148 83 89 78 74 69 73 Private nonguaranteed 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 Commercial banks and other 0 0 0 0 0 0 0 0 Memo: IBRD 69 110 64 50 49 38 30 19 IDA 0 0 0 0 0 0 0 0 Public sector LDOD 3,148 3,976 3,453 3,241 3,395 3,800 3,582 3,860 Private sector LDOD 2 0 0 0 0 0 0 0 DISBURSEMENTS 195 222 32 71 29 140 33 89 Public and publicly guaranteed 195 222 32 71 29 140 33 89 Official creditors 158 222 11 30 29 126 28 68 Multilateral 84 150 9 16 18 112 18 53 Concessional 4 2 1 0 0 11 12 17 Bilateral 74 72 2 14 12 14 10 14 Concessional 63 62 2 14 12 14 10 14 Private creditors 37 0 21 41 0 14 6 21 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 0 0 21 1 0 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 Commercial banks and other 0 0 0 0 0 0 0 0 Memo: IBRD 10 4 9 2 2 3 0 0 IDA 0 0 0 0 0 0 0 0 PRINCIPAL REPAYMENTS 26 165 187 225 226 153 44 46 Public and publicly guaranteed 26 165 187 225 226 153 44 46 Official creditors 18 90 159 200 154 116 44 46 Multilateral 13 43 43 26 69 67 44 46 Concessional 1 2 0 0 8 11 0 0 Bilateral 5 48 116 174 85 49 0 0 Concessional 0 10 16 66 63 49 0 0 Private creditors 8 75 27 25 73 37 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 3 26 27 11 18 7 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 Commercial banks and other 0 0 0 0 0 0 0 0 Memo: IBRD 1 12 13 8 6 14 7 12 IDA 0 0 0 0 0 0 0 0 INTEREST PAYMENTS (LINT) 78 217 124 158 129 42 38 20 Public and publicly guaranteed 78 217 124 158 129 42 38 20 Official creditors 68 174 118 152 111 35 38 20 Multilateral 21 26 42 18 40 26 19 20 Concessional 0 1 0 0 1 1 0 0 Bilateral 47 148 75 134 71 9 18 0 Concessional 2 40 9 23 13 9 0 0 Private creditors 11 44 7 6 17 7 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 5 26 7 3 6 1 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 Commercial banks and other 0 0 0 0 0 0 0 0 Memo: IBRD 5 8 5 4 2 3 1 2 IDA 0 0 0 0 0 0 0 0 160 GABON (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 6. CURRENCY COMPOSITION OF PUBLIC AND PUBLICLY GUARANTEED DEBT (PERCENT) Euro .. .. .. 48.6 72.8 57.1 47.5 49.9 Japanese yen 0.7 0.9 0.8 0.6 0.9 0.6 0.5 0.5 Pound sterling 5.3 5.0 4.6 4.2 6.9 5.3 4.4 4.7 Swiss franc 0.3 0.8 0.5 0.6 0.3 0.2 0.2 0.2 U.S.dollars 10.3 11.5 29.1 30.5 7.5 25.0 36.4 33.9 7. DEBT RESTRUCTURINGS Total amount rescheduled 271 472 637 10 0 735 365 0 Debt stock rescheduled 0 0 0 0 0 0 0 0 Principal rescheduled 188 253 440 0 0 500 240 0 Official 32 249 440 0 0 496 239 0 Private 156 4 0 0 0 4 1 0 Interest rescheduled 77 68 307 0 0 235 122 0 Official 27 67 307 0 0 233 121 0 Private 50 1 0 0 0 3 1 0 Debt forgiven 0 40 0 0 67 0 0 0 Memo: interest forgiven 0 0 0 0 14 0 0 0 Debt stock reduction 0 1 0 0 0 0 0 0 of which debt buyback 0 0 0 0 0 0 0 0 8. DEBT STOCK-FLOW RECONCILIATION Total change in debt stocks 632 189 -62 123 246 358 -248 448 Net flows on debt 164 14 -341 -245 -362 15 -35 29 Cross-currency valuation 293 228 -196 309 370 213 -332 215 9. AVERAGE TERMS OF NEW COMMITMENTS ALL CREDITORS Interest (%) 7.9 4.7 0.0 4.5 0.0 2.0 1.9 4.8 Maturity (years) 17.9 13.0 8.7 9.3 0.0 19.6 13.6 14.4 Grace period (years) 4.8 5.9 0.7 2.7 0.0 5.1 5.3 2.9 Grant element (%) 12.3 30.4 34.1 22.8 0.0 53.0 41.1 27.4 Official creditors Interest (%) 7.7 4.7 0.0 3.7 0.0 2.0 1.9 4.8 Maturity (years) 19.0 13.0 8.7 10.1 0.0 19.6 15.7 14.4 Grace period (years) 5.4 5.9 0.7 3.9 0.0 5.1 6.0 2.9 Grant element (%) 13.9 30.4 34.1 28.4 0.0 53.0 48.6 27.4 Private creditors Interest (%) 9.0 0.0 0.0 5.9 0.0 0.0 1.8 0.0 Maturity (years) 11.8 0.0 0.0 7.8 0.0 0.0 8.5 0.0 Grace period (years) 1.3 0.0 0.0 0.4 0.0 0.0 0.0 0.0 Grant element (%) 3.3 0.0 0.0 12.3 0.0 0.0 23.3 0.0 10. CONTRACTUAL OBLIGATIONS ON OUTSTANDING LONG-TERM DEBT 2007 2008 2009 2010 2011 2012 2013 2014 TOTAL Principal 573 565 552 321 270 233 180 179 Interest 152 120 85 59 46 32 23 16 Official creditors Principal 543 535 531 299 265 227 176 176 Interest 146 116 82 57 45 31 22 15 Bilateral creditors Principal 482 478 474 247 213 183 140 146 Interest 126 97 66 42 32 21 13 8 Multilateral creditors Principal 61 58 57 52 52 45 35 30 Interest 20 18 17 15 13 11 9 7 Private creditors Principal 30 30 21 22 5 5 4 3 Interest 5 4 3 2 2 1 1 1 Notes: Data on long-term public and publicly guaranteed debt for 2006 are World Bank staff estimates. 161 GAMBIA, THE (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 1. SUMMARY DEBT DATA TOTAL DEBT STOCKS (EDT) 369.1 426.1 483.3 576.6 634.3 672.0 668.3 725.1 Long-term debt (LDOD) 308.4 385.5 437.9 507.3 566.6 620.3 625.0 688.9 Public and publicly guaranteed 308.4 385.5 437.9 507.3 566.6 620.3 625.0 688.9 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Use of IMF credit 44.9 25.8 18.1 31.9 34.9 24.8 20.8 17.8 Short-term debt 15.7 14.8 27.3 37.4 32.8 26.9 22.5 18.4 of which interest arrears on LDOD 0.6 0.7 0.0 0.4 2.8 2.9 1.5 1.4 Official creditors 0.6 0.7 0.0 0.4 2.7 2.9 1.4 1.3 Private creditors 0.0 0.0 0.0 0.0 0.1 0.1 0.1 0.1 Memorandum items Principal arrears on LDOD 0.9 2.2 2.0 7.9 14.7 18.6 20.5 21.5 Official creditors 0.9 2.1 2.0 7.9 13.9 17.5 19.2 20.1 Private creditors 0.0 0.1 0.0 0.0 0.8 1.2 1.3 1.4 TOTAL DEBT FLOWS Disbursements 32.8 23.0 29.7 56.9 39.9 51.4 62.6 59.4 Long-term debt 23.5 23.0 20.7 53.2 39.9 51.4 62.6 59.4 IMF purchases 9.3 0.0 9.1 3.7 0.0 0.0 0.0 0.0 Principal repayments 25.5 21.7 14.3 9.0 11.3 28.2 17.9 23.4 Long-term debt 20.2 15.5 12.7 9.0 11.3 17.0 15.8 19.3 IMF repurchases 5.3 6.2 1.6 0.0 0.0 11.2 2.0 4.0 Net flows on debt 15.5 -7.6 20.6 58.1 21.6 17.2 41.7 32.0 of which short-term debt 8.1 -8.8 5.2 10.2 -7.0 -6.0 -3.0 -4.0 Interest payments (INT) 12.3 6.3 7.3 5.9 9.1 9.1 10.5 9.8 Long-term debt 10.2 5.2 6.0 5.2 8.6 8.0 9.5 8.8 IMF charges 1.3 0.2 0.1 0.1 0.1 0.2 0.1 0.1 Short-term debt 0.8 0.9 1.2 0.6 0.4 0.8 0.9 0.9 Net transfers on debt 3.2 -13.9 13.3 52.2 12.5 8.1 31.2 22.3 Total debt service paid (TDS) 37.7 28.0 21.5 14.9 20.4 37.2 28.3 33.1 Long-term debt 30.3 20.7 18.7 14.2 19.9 25.0 25.3 28.1 IMF repurchases and charges 6.7 6.4 1.7 0.1 0.1 11.4 2.1 4.1 Short-term debt (interest only) 0.8 0.9 1.2 0.6 0.4 0.8 0.9 0.9 2. OTHER NET RESOURCE FLOWS (LONG-TERM) Net flow of long-term debt (ex. IMF) 3.4 7.5 8.0 44.1 28.6 34.4 46.7 40.1 Foreign direct investment (net) 14.1 7.8 43.5 42.8 21.9 56.8 51.9 82.1 Portfolio equity flows 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Grants (excluding technical coop.) 44.7 17.6 21.7 22.4 20.5 28.1 26.4 31.6 of which: Debt forgiveness grants .. .. 2.0 2.0 2.2 2.5 0.8 0.1 IDA grants .. .. .. 0.0 0.0 0.0 0.0 0.0 Memo: technical coop. grants 24.2 22.8 9.6 12.6 14.1 10.4 9.7 12.1 Interest on long-term debt 10.2 5.2 6.0 5.2 8.6 8.0 9.5 8.8 Profit remittances on FDI 0.0 0.0 0.0 0.0 24.2 21.9 26.0 32.8 3. MAJOR ECONOMIC AGGREGATES Gross national income (GNI) 291.4 377.1 400.4 347.4 348.1 380.9 445.6 499.4 Exports of goods, serv. & inc. (XGS) 169.7 181.0 .. .. 230.3 245.5 240.4 268.0 Worker remit. & comp. of employees 10.0 19.0 14.0 7.0 65.0 62.0 57.4 63.7 Imports of goods & services (MGS) 205.4 241.4 .. .. 224.6 282.5 296.2 358.1 International reserves (RES) 55.4 106.1 109.4 106.9 59.3 83.8 98.3 120.6 Current account balance 23.4 -8.2 .. .. 3.2 -31.0 -43.6 -65.6 4. DEBT INDICATORS EDT / XGS (%) 217.5 235.4 .. .. 275.5 273.7 278.0 270.6 EDT / GNI (%) 126.7 113.0 120.7 166.0 182.2 176.4 150.0 145.2 TDS / XGS (%) 22.2 15.5 .. .. 8.9 15.2 11.8 12.4 INT / XGS (%) 7.2 3.5 .. .. 3.9 3.7 4.4 3.6 INT / GNI (%) 4.2 1.7 1.8 1.7 2.6 2.4 2.4 2.0 RES / EDT (%) 15.0 24.9 22.6 18.5 9.3 12.5 14.7 16.6 RES / MGS (months) 3.2 5.3 .. .. 3.2 3.6 4.0 4.0 Short-term / EDT (%) 4.3 3.5 5.7 6.5 5.2 4.0 3.4 2.5 Concessional / EDT (%) 67.8 84.8 87.1 85.6 87.2 90.3 91.9 93.8 Multilateral / EDT (%) 55.0 76.6 71.1 68.1 71.1 75.2 76.2 78.6 162 GAMBIA, THE (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 5. LONG-TERM DEBT DEBT OUTSTANDING (LDOD) 308.4 385.5 437.9 507.3 566.6 620.3 625.0 688.9 Public and publicly guaranteed 308.4 385.5 437.9 507.3 566.6 620.3 625.0 688.9 Official creditors 290.1 385.2 436.2 506.0 565.2 618.8 623.6 687.4 Multilateral 203.1 326.2 343.7 392.8 451.2 505.3 509.5 570.1 Concessional 183.3 305.4 333.6 385.4 444.8 499.6 505.8 566.5 Bilateral 87.0 59.0 92.5 113.2 114.0 113.6 114.2 117.4 Concessional 66.8 55.9 87.3 108.1 108.4 107.4 108.7 113.4 Private creditors 18.3 0.2 1.7 1.3 1.4 1.5 1.3 1.4 of which: Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 16.0 0.0 0.9 0.7 0.8 0.9 0.8 0.9 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks and other 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 101.6 161.6 170.7 194.5 220.1 247.4 244.9 263.5 Public sector LDOD 306.6 385.3 437.9 507.3 566.6 620.3 625.0 688.9 Private sector LDOD 1.8 0.2 0.0 0.0 0.0 0.0 0.0 0.0 DISBURSEMENTS 23.5 23.0 20.7 53.2 39.9 51.4 62.6 59.4 Public and publicly guaranteed 23.5 23.0 20.7 53.2 39.9 51.4 62.6 59.4 Official creditors 23.5 23.0 20.7 53.2 39.9 51.4 62.6 59.4 Multilateral 17.7 19.0 17.1 29.3 35.5 44.8 53.7 50.3 Concessional 16.6 18.9 17.1 29.3 35.5 44.8 53.6 50.3 Bilateral 5.8 4.0 3.6 23.9 4.4 6.6 8.9 9.1 Concessional 5.8 4.0 3.6 23.9 4.4 6.6 8.9 9.1 Private creditors 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 of which: Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks and other 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 9.8 11.6 7.7 15.0 11.4 20.8 18.9 11.9 PRINCIPAL REPAYMENTS 20.2 15.5 12.7 9.0 11.3 17.0 15.8 19.3 Public and publicly guaranteed 20.2 15.5 12.7 9.0 11.3 17.0 15.8 19.3 Official creditors 12.7 15.1 12.2 9.0 11.3 17.0 15.8 19.3 Multilateral 4.7 6.7 7.9 4.0 5.1 8.3 10.1 11.0 Concessional 2.7 3.4 6.4 2.9 4.7 7.1 9.2 10.5 Bilateral 7.9 8.5 4.3 5.1 6.2 8.6 5.7 8.3 Concessional 7.9 4.4 3.3 5.1 6.2 8.6 5.7 6.4 Private creditors 7.5 0.4 0.5 0.0 0.0 0.0 0.0 0.0 of which: Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 3.0 0.0 0.3 0.0 0.0 0.0 0.0 0.0 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks and other 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 0.3 0.8 2.3 0.7 1.0 1.4 3.3 4.3 INTEREST PAYMENTS (LINT) 10.2 5.2 6.0 5.2 8.6 8.0 9.5 8.8 Public and publicly guaranteed 10.2 5.2 6.0 5.2 8.6 8.0 9.5 8.8 Official creditors 5.5 5.2 5.8 5.1 8.6 8.0 9.5 8.8 Multilateral 2.9 3.5 3.6 3.2 4.5 5.7 5.3 5.7 Concessional 1.5 2.2 3.3 3.0 4.0 5.7 5.2 5.6 Bilateral 2.6 1.7 2.2 1.9 4.1 2.2 4.1 3.1 Concessional 2.6 1.2 1.8 1.9 4.1 2.2 4.1 2.9 Private creditors 4.7 0.0 0.2 0.0 0.0 0.0 0.0 0.0 of which: Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 3.8 0.0 0.1 0.0 0.0 0.0 0.0 0.0 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks and other 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 0.7 1.2 1.2 1.2 1.4 1.9 1.9 2.0 163 GAMBIA, THE (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 6. CURRENCY COMPOSITION OF PUBLIC AND PUBLICLY GUARANTEED DEBT (PERCENT) Euro .. .. .. 5.6 5.1 4.6 3.7 3.2 Japanese yen 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Pound sterling 8.5 6.3 4.8 3.9 3.3 2.8 2.7 2.3 Swiss franc 1.3 0.2 0.0 0.0 0.0 0.0 0.0 0.0 U.S.dollars 39.1 43.5 51.3 54.9 53.9 54.2 55.1 54.0 7. DEBT RESTRUCTURINGS Total amount rescheduled 0.0 0.0 0.0 0.0 0.1 0.0 0.0 0.0 Debt stock rescheduled 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal rescheduled 0.0 0.0 0.0 0.0 0.0 0.1 0.0 0.0 Official 0.0 0.0 0.0 0.0 0.0 0.1 0.0 0.0 Private 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Interest rescheduled 0.0 0.0 0.0 0.0 0.0 0.1 0.0 0.0 Official 0.0 0.0 0.0 0.0 0.0 0.1 0.0 0.0 Private 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Debt forgiven 0.0 0.0 0.0 4.0 3.9 2.3 0.7 0.2 Memo: interest forgiven 0.0 0.0 0.0 0.3 0.2 0.1 0.0 0.0 Debt stock reduction 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 of which debt buyback 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 8. DEBT STOCK-FLOW RECONCILIATION Total change in debt stocks 31.4 3.1 18.7 88.7 57.7 37.7 -3.6 56.7 Net flows on debt 15.5 -7.6 20.6 58.1 21.6 17.2 41.7 32.0 Cross-currency valuation 3.3 -17.5 -9.5 20.3 21.4 12.2 -26.9 14.8 9. AVERAGE TERMS OF NEW COMMITMENTS ALL CREDITORS Interest (%) 0.8 3.5 1.7 1.9 0.6 2.5 4.1 0.2 Maturity (years) 42.1 21.3 27.4 31.0 22.3 25.9 30.0 29.5 Grace period (years) 10.0 6.2 6.8 8.3 5.7 6.0 7.2 8.7 Grant element (%) 79.7 45.7 61.3 64.8 66.5 55.4 46.6 78.5 Official creditors Interest (%) 0.8 3.5 1.7 1.9 0.6 2.5 4.1 0.2 Maturity (years) 42.1 21.3 27.4 31.0 22.3 25.9 30.0 29.5 Grace period (years) 10.0 6.2 6.8 8.3 5.7 6.0 7.2 8.7 Grant element (%) 79.7 45.7 61.3 64.8 66.5 55.4 46.6 78.5 Private creditors Interest (%) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Maturity (years) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Grace period (years) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Grant element (%) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 10. CONTRACTUAL OBLIGATIONS ON OUTSTANDING LONG-TERM DEBT 2007 2008 2009 2010 2011 2012 2013 2014 TOTAL Principal 23.0 23.6 26.9 31.0 33.7 34.2 35.0 35.9 Interest 10.6 11.5 12.0 12.0 11.7 11.2 10.6 9.9 Official creditors Principal 23.0 23.6 26.9 31.0 33.7 34.2 35.0 35.9 Interest 10.6 11.5 12.0 12.0 11.7 11.2 10.6 9.9 Bilateral creditors Principal 7.0 7.0 7.6 9.1 9.2 9.1 8.9 8.8 Interest 3.7 4.1 4.3 4.3 4.1 3.9 3.6 3.2 Multilateral creditors Principal 16.0 16.6 19.3 21.9 24.4 25.2 26.1 27.0 Interest 6.9 7.4 7.7 7.7 7.6 7.4 7.1 6.7 Private creditors Principal 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Interest 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Notes: 0 164 GEORGIA (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 1. SUMMARY DEBT DATA TOTAL DEBT STOCKS (EDT) .. 1,240 1,622 1,826 1,922 2,051 1,898 1,964 Long-term debt (LDOD) .. 1,039 1,300 1,483 1,595 1,679 1,613 1,616 Public and publicly guaranteed .. 1,039 1,258 1,432 1,551 1,580 1,481 1,457 Private nonguaranteed .. 0 42 51 44 99 132 159 Use of IMF credit .. 116 278 310 289 266 232 236 Short-term debt .. 85 44 33 38 106 52 111 of which interest arrears on LDOD .. 61 1 0 7 7 11 7 Official creditors .. 54 1 0 7 7 11 7 Private creditors .. 8 0 0 0 0 0 0 Memorandum items Principal arrears on LDOD .. 211 179 302 310 188 142 69 Official creditors .. 203 179 302 310 188 142 69 Private creditors .. 8 0 0 0 0 0 0 TOTAL DEBT FLOWS Disbursements .. 174 65 128 89 197 187 237 Long-term debt .. 98 65 99 89 177 146 196 IMF purchases .. 76 0 29 0 21 41 41 Principal repayments .. 0 68 86 139 200 157 234 Long-term debt .. 0 42 56 91 145 103 185 IMF repurchases .. 0 26 30 47 55 54 49 Net flows on debt .. -272 33 16 -52 66 -28 66 of which short-term debt .. -446 36 -27 -2 68 -58 63 Interest payments (INT) .. 20 49 43 42 34 30 35 Long-term debt .. 17 43 38 39 30 27 31 IMF charges .. 3 5 2 2 2 1 1 Short-term debt .. 0 1 2 1 2 2 2 Net transfers on debt .. -292 -16 -27 -94 32 -58 32 Total debt service paid (TDS) .. 20 117 128 180 234 187 268 Long-term debt .. 17 85 94 130 175 130 216 IMF repurchases and charges .. 3 31 32 49 57 56 50 Short-term debt (interest only) .. 0 1 2 1 2 2 2 2. OTHER NET RESOURCE FLOWS (LONG-TERM) Net flow of long-term debt (ex. IMF) .. 98 23 43 -3 32 43 11 Foreign direct investment (net) .. 6 131 160 335 492 453 1,060 Portfolio equity flows .. 0 0 0 0 0 3 118 Grants (excluding technical coop.) .. 85 57 70 82 139 125 147 of which: Debt forgiveness grants .. .. 0 0 0 0 0 0 IDA grants .. .. .. 0 0 0 7 3 Memo: technical coop. grants .. 37 83 153 108 100 130 128 Interest on long-term debt .. 17 43 38 39 30 27 31 Profit remittances on FDI .. 0 0 64 78 89 103 89 3. MAJOR ECONOMIC AGGREGATES Gross national income (GNI) .. 2,574 3,175 3,435 4,026 5,180 6,358 7,486 Exports of goods, serv. & inc. (XGS) .. .. 939 1,244 1,529 1,960 2,541 3,060 Worker remit. & comp. of employees .. 0 274 231 235 303 346 485 Imports of goods & services (MGS) .. .. 1,248 1,593 2,020 2,654 3,506 4,583 International reserves (RES) .. 199 116 202 196 387 479 931 Current account balance .. .. -269 -207 -376 -344 -701 -1,154 4. DEBT INDICATORS EDT / XGS (%) .. .. 172.7 146.7 125.7 104.7 74.7 64.2 EDT / GNI (%) .. 48.2 51.1 53.2 47.7 39.6 29.8 26.2 TDS / XGS (%) .. .. 12.5 10.3 11.8 11.9 7.4 8.8 INT / XGS (%) .. .. 5.2 3.4 2.7 1.7 1.2 1.1 INT / GNI (%) .. 0.8 1.5 1.2 1.0 0.7 0.5 0.5 RES / EDT (%) .. 16.0 7.2 11.1 10.2 18.9 25.2 47.4 RES / MGS (months) .. .. 1.1 1.5 1.2 1.7 1.6 2.4 Short-term / EDT (%) .. 6.9 2.7 1.8 2.0 5.2 2.7 5.7 Concessional / EDT (%) .. 6.9 48.5 54.0 59.2 61.0 65.1 66.5 Multilateral / EDT (%) .. 19.7 29.5 34.8 38.7 40.8 43.2 46.0 165 GEORGIA (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 5. LONG-TERM DEBT DEBT OUTSTANDING (LDOD) .. 1,039 1,300 1,483 1,595 1,679 1,613 1,616 Public and publicly guaranteed .. 1,039 1,258 1,432 1,551 1,580 1,481 1,457 Official creditors .. 939 1,256 1,430 1,548 1,578 1,479 1,455 Multilateral .. 245 478 636 744 836 819 904 Concessional .. 84 350 495 589 687 688 795 Bilateral .. 694 777 793 805 741 660 552 Concessional .. 2 437 491 548 564 547 511 Private creditors .. 100 2 2 3 3 2 2 of which: Bonds .. 0 0 0 0 0 0 0 Commercial banks .. 0 0 0 0 0 0 0 Private nonguaranteed .. 0 42 51 44 99 132 159 Bonds .. 0 0 0 0 0 0 0 Commercial banks and other .. 0 42 51 44 99 132 159 Memo: IBRD .. 0 0 0 0 0 0 0 IDA .. 84 347 491 583 678 679 785 Public sector LDOD .. 1,039 1,248 1,426 1,546 1,578 1,481 1,457 Private sector LDOD .. 0 52 57 49 101 133 159 DISBURSEMENTS .. 98 65 99 89 177 146 196 Public and publicly guaranteed .. 98 37 93 72 102 76 140 Official creditors .. 98 37 93 72 102 76 140 Multilateral .. 96 25 73 50 74 60 87 Concessional .. 85 19 63 45 68 54 76 Bilateral .. 2 13 19 22 28 16 53 Concessional .. 2 13 19 22 28 16 53 Private creditors .. 0 0 0 0 0 0 0 of which: Bonds .. 0 0 0 0 0 0 0 Commercial banks .. 0 0 0 0 0 0 0 Private nonguaranteed .. 0 28 7 16 74 69 56 Bonds .. 0 0 0 0 0 0 0 Commercial banks and other .. 0 28 7 16 74 69 56 Memo: IBRD .. 0 0 0 0 0 0 0 IDA .. 85 18 61 43 65 54 76 PRINCIPAL REPAYMENTS .. 0 42 56 91 145 103 185 Public and publicly guaranteed .. 0 41 33 58 133 80 166 Official creditors .. 0 41 33 57 133 80 165 Multilateral .. 0 5 7 12 21 10 47 Concessional .. 0 0 0 0 0 2 4 Bilateral .. 0 35 26 46 112 70 119 Concessional .. 0 22 0 0 11 3 47 Private creditors .. 0 0 0 0 0 0 0 of which: Bonds .. 0 0 0 0 0 0 0 Commercial banks .. 0 0 0 0 0 0 0 Private nonguaranteed .. 0 2 23 34 11 23 19 Bonds .. 0 0 0 0 0 0 0 Commercial banks and other .. 0 2 23 34 11 23 19 Memo: IBRD .. 0 0 0 0 0 0 0 IDA .. 0 0 0 0 0 2 4 INTEREST PAYMENTS (LINT) .. 17 43 38 39 30 27 31 Public and publicly guaranteed .. 17 41 36 37 28 23 24 Official creditors .. 17 41 36 37 27 23 24 Multilateral .. 0 8 10 9 10 11 11 Concessional .. 0 3 3 4 5 6 6 Bilateral .. 17 33 26 28 18 12 13 Concessional .. 0 16 15 16 11 6 7 Private creditors .. 0 0 0 0 0 0 0 of which: Bonds .. 0 0 0 0 0 0 0 Commercial banks .. 0 0 0 0 0 0 0 Private nonguaranteed .. 0 1 2 1 3 4 7 Bonds .. 0 0 0 0 0 0 0 Commercial banks and other .. 0 1 2 1 3 4 7 Memo: IBRD .. 0 0 0 0 0 0 0 IDA .. 0 3 3 4 5 6 6 166 GEORGIA (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 6. CURRENCY COMPOSITION OF PUBLIC AND PUBLICLY GUARANTEED DEBT (PERCENT) Euro .. .. .. 17.2 19.5 21.1 20.4 15.1 Japanese yen .. 0.0 0.2 1.5 2.3 2.8 2.8 3.0 Pound sterling .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Swiss franc .. 0.4 0.2 0.2 0.2 0.2 0.2 0.0 U.S.dollars .. 75.3 82.0 80.3 76.8 72.8 72.4 75.3 7. DEBT RESTRUCTURINGS Total amount rescheduled .. 0 0 48 0 61 57 11 Debt stock rescheduled .. 0 0 0 0 0 0 0 Principal rescheduled .. 0 0 45 0 58 49 12 Official .. 0 0 45 0 58 49 12 Private .. 0 0 0 0 0 0 0 Interest rescheduled .. 0 0 0 0 3 7 5 Official .. 0 0 0 0 3 7 5 Private .. 0 0 0 0 0 0 0 Debt forgiven .. 0 0 0 0 0 0 89 Memo: interest forgiven .. 0 0 0 0 0 0 17 Debt stock reduction .. 0 0 0 0 0 0 0 of which debt buyback .. 0 0 0 0 0 0 0 8. DEBT STOCK-FLOW RECONCILIATION Total change in debt stocks .. -210 -16 113 96 129 -154 66 Net flows on debt .. -272 33 16 -52 66 -28 66 Cross-currency valuation .. 18 -51 97 132 68 -123 81 9. AVERAGE TERMS OF NEW COMMITMENTS ALL CREDITORS Interest (%) .. 1.5 1.1 0.8 0.8 1.3 0.8 1.4 Maturity (years) .. 32.3 32.0 39.4 39.7 33.3 39.9 34.7 Grace period (years) .. 9.6 8.9 9.9 10.4 9.9 10.2 8.8 Grant element (%) .. 71.3 72.2 80.1 80.7 71.6 80.6 71.2 Official creditors Interest (%) .. 1.5 1.1 0.8 0.8 1.3 0.8 1.4 Maturity (years) .. 32.3 32.0 39.4 39.7 33.3 39.9 34.7 Grace period (years) .. 9.6 8.9 9.9 10.4 9.9 10.2 8.8 Grant element (%) .. 71.3 72.2 80.1 80.7 71.6 80.6 71.2 Private creditors Interest (%) .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Maturity (years) .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Grace period (years) .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Grant element (%) .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 10. CONTRACTUAL OBLIGATIONS ON OUTSTANDING LONG-TERM DEBT 2007 2008 2009 2010 2011 2012 2013 2014 TOTAL Principal 57 62 81 81 83 72 80 50 Interest 31 30 28 25 23 20 18 15 Official creditors Principal 45 36 51 53 58 57 72 42 Interest 24 23 23 21 20 18 16 15 Bilateral creditors Principal 28 18 15 16 20 19 33 22 Interest 12 12 11 11 11 10 10 9 Multilateral creditors Principal 17 19 36 37 37 38 39 20 Interest 12 12 11 10 9 8 7 6 Private creditors Principal 12 26 30 28 26 16 8 9 Interest 7 7 5 4 3 2 1 1 Notes: 167 GHANA (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 1. SUMMARY DEBT DATA TOTAL DEBT STOCKS (EDT) 3,734 5,495 6,116 6,962 7,573 7,067 6,743 3,192 Long-term debt (LDOD) 2,670 4,227 5,251 6,009 6,424 5,893 5,739 1,891 Public and publicly guaranteed 2,637 4,200 4,994 5,756 6,423 5,893 5,739 1,891 Private nonguaranteed 33 27 257 253 1 0 0 0 Use of IMF credit 745 648 293 363 453 468 417 159 Short-term debt 320 620 572 590 696 706 587 1,143 of which interest arrears on LDOD 56 26 10 18 21 19 9 19 Official creditors 45 21 7 7 7 8 5 11 Private creditors 11 5 3 11 14 11 4 8 Memorandum items Principal arrears on LDOD 77 86 25 53 53 35 19 43 Official creditors 50 45 11 22 18 9 11 21 Private creditors 27 41 14 31 35 26 8 22 TOTAL DEBT FLOWS Disbursements 473 570 397 316 408 459 520 507 Long-term debt 408 528 362 248 334 420 481 390 IMF purchases 65 42 35 68 74 39 39 116 Principal repayments 260 292 254 88 366 157 188 175 Long-term debt 143 184 217 83 363 134 156 175 IMF repurchases 116 108 37 5 2 24 32 0 Net flows on debt 312 349 7 263 146 314 223 878 of which short-term debt 98 71 -136 34 104 12 -109 546 Interest payments (INT) 104 95 134 90 89 86 96 86 Long-term debt 55 57 95 71 66 58 73 57 IMF charges 37 10 1 2 2 2 2 0 Short-term debt 12 28 38 17 20 25 21 29 Net transfers on debt 207 254 -127 173 57 228 127 792 Total debt service paid (TDS) 364 386 388 178 454 243 284 261 Long-term debt 199 241 312 154 430 192 229 232 IMF repurchases and charges 153 117 39 6 4 26 33 0 Short-term debt (interest only) 12 28 38 17 20 25 21 29 2. OTHER NET RESOURCE FLOWS (LONG-TERM) Net flow of long-term debt (ex. IMF) 265 344 144 165 -30 287 325 215 Foreign direct investment (net) 15 107 166 59 137 139 145 435 Portfolio equity flows 0 0 0 0 0 0 0 0 Grants (excluding technical coop.) 449 238 227 395 502 1,888 992 4,719 of which: Debt forgiveness grants .. .. 4 132 93 1,310 462 4,166 IDA grants .. .. .. 0 47 66 24 5 Memo: technical coop. grants 61 108 125 126 138 142 127 142 Interest on long-term debt 55 57 95 71 66 58 73 57 Profit remittances on FDI 7 0 0 0 0 0 0 0 3. MAJOR ECONOMIC AGGREGATES Gross national income (GNI) 5,774 6,324 4,831 6,030 7,459 8,674 10,533 12,813 Exports of goods, serv. & inc. (XGS) 955 1,613 2,488 2,628 3,279 3,534 4,051 5,304 Worker remit. & comp. of employees 6 17 32 44 65 82 99 105 Imports of goods & services (MGS) 1,583 2,262 3,474 3,517 4,335 5,598 6,851 8,487 International reserves (RES) 309 804 309 636 1,470 1,750 1,897 2,269 Current account balance -223 -144 -487 -105 124 -567 -1,105 -1,040 4. DEBT INDICATORS EDT / XGS (%) 391.1 340.7 245.8 264.9 231.0 200.0 166.4 60.2 EDT / GNI (%) 64.7 86.9 126.6 115.4 101.5 81.5 64.0 24.9 TDS / XGS (%) 38.1 24.0 15.6 6.8 13.9 6.9 7.0 4.9 INT / XGS (%) 10.9 5.9 5.4 3.4 2.7 2.4 2.4 1.6 INT / GNI (%) 1.8 1.5 2.8 1.5 1.2 1.0 0.9 0.7 RES / EDT (%) 8.3 14.6 5.1 9.1 19.4 24.8 28.1 71.1 RES / MGS (months) 2.3 4.3 1.1 2.2 4.1 3.8 3.3 3.2 Short-term / EDT (%) 8.6 11.3 9.4 8.5 9.2 10.0 8.7 35.8 Concessional / EDT (%) 53.2 63.2 73.3 71.7 75.1 74.1 76.8 43.5 Multilateral / EDT (%) 49.4 54.3 59.9 58.7 61.5 72.6 74.9 38.9 168 GHANA (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 5. LONG-TERM DEBT DEBT OUTSTANDING (LDOD) 2,670 4,227 5,251 6,009 6,424 5,893 5,739 1,891 Public and publicly guaranteed 2,637 4,200 4,994 5,756 6,423 5,893 5,739 1,891 Official creditors 2,424 3,847 4,703 5,382 6,069 5,569 5,423 1,549 Multilateral 1,846 2,982 3,663 4,085 4,657 5,131 5,053 1,243 Concessional 1,510 2,670 3,515 3,973 4,553 5,017 4,960 1,166 Bilateral 578 865 1,039 1,297 1,412 438 370 306 Concessional 475 802 970 1,021 1,136 221 221 223 Private creditors 213 352 292 374 354 324 315 342 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 10 97 51 144 173 250 262 289 Private nonguaranteed 33 27 257 253 1 0 0 0 Bonds 0 0 250 250 0 0 0 0 Commercial banks and other 33 27 7 3 1 0 0 0 Memo: IBRD 113 59 9 5 4 2 0 0 IDA 1,310 2,375 3,130 3,471 3,950 4,309 4,234 810 Public sector LDOD 2,637 4,200 4,994 5,756 6,423 5,893 5,739 1,891 Private sector LDOD 33 27 257 253 1 0 0 0 DISBURSEMENTS 408 528 362 248 334 420 481 390 Public and publicly guaranteed 400 528 362 248 334 420 481 390 Official creditors 351 414 340 227 296 351 428 350 Multilateral 274 284 223 158 274 337 411 344 Concessional 214 269 222 155 269 324 390 344 Bilateral 77 130 117 69 22 14 17 6 Concessional 68 124 88 36 15 8 17 6 Private creditors 48 115 22 21 38 69 53 40 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 9 64 14 21 38 66 49 29 Private nonguaranteed 8 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 Commercial banks and other 8 0 0 0 0 0 0 0 Memo: IBRD 0 0 0 0 0 0 0 0 IDA 201 242 204 99 198 230 305 266 PRINCIPAL REPAYMENTS 143 184 217 83 363 134 156 175 Public and publicly guaranteed 135 179 214 81 111 133 156 175 Official creditors 64 108 141 46 59 105 117 144 Multilateral 29 73 68 30 31 27 42 72 Concessional 6 17 35 18 18 18 28 48 Bilateral 35 34 74 15 28 77 75 72 Concessional 33 32 59 14 22 19 8 7 Private creditors 71 72 73 36 53 28 40 31 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 17 2 25 5 21 9 19 16 Private nonguaranteed 8 5 3 2 252 1 0 0 Bonds 0 0 0 0 250 0 0 0 Commercial banks and other 8 5 3 2 2 1 0 0 Memo: IBRD 10 15 8 1 2 2 2 0 IDA 2 8 25 10 8 11 15 34 INTEREST PAYMENTS (LINT) 55 57 95 71 66 58 73 57 Public and publicly guaranteed 53 55 80 57 66 58 73 57 Official creditors 42 50 64 42 52 47 58 44 Multilateral 30 40 39 34 32 38 43 32 Concessional 10 18 26 25 26 33 38 27 Bilateral 12 10 26 7 21 9 16 12 Concessional 10 9 21 6 15 4 5 5 Private creditors 11 5 16 16 14 11 15 13 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 2 0 3 3 5 4 11 11 Private nonguaranteed 2 2 14 14 0 0 0 0 Bonds 0 0 14 14 0 0 0 0 Commercial banks and other 2 2 1 0 0 0 0 0 Memo: IBRD 9 6 1 0 1 0 0 0 IDA 8 17 22 20 21 28 31 20 169 GHANA (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 6. CURRENCY COMPOSITION OF PUBLIC AND PUBLICLY GUARANTEED DEBT (PERCENT) Euro .. .. .. 4.1 3.6 3.1 3.2 11.5 Japanese yen 5.4 14.0 16.2 13.3 13.1 0.0 0.0 0.0 Pound sterling 3.0 5.2 2.1 1.1 0.8 0.1 0.0 0.1 Swiss franc 0.7 0.3 0.1 0.1 0.0 0.0 0.0 0.1 U.S.dollars 60.5 59.9 67.6 70.4 71.0 81.6 79.2 53.5 7. DEBT RESTRUCTURINGS Total amount rescheduled 0 0 0 74 20 5 0 7 Debt stock rescheduled 0 0 0 0 0 0 0 0 Principal rescheduled 0 0 0 39 15 4 0 0 Official 0 0 0 35 7 4 0 0 Private 0 0 0 4 8 0 0 0 Interest rescheduled 0 0 0 17 5 1 0 0 Official 0 0 0 16 3 1 0 0 Private 0 0 0 1 3 0 0 0 Debt forgiven 102 0 0 107 56 161 67 26 Memo: interest forgiven 0 0 0 17 9 36 5 2 Debt stock reduction 0 0 0 0 0 932 0 4,230 of which debt buyback 0 0 0 0 0 0 0 0 8. DEBT STOCK-FLOW RECONCILIATION Total change in debt stocks 440 394 -304 619 611 -506 -324 -3,551 Net flows on debt 312 349 7 263 146 314 223 878 Cross-currency valuation 166 -120 -292 361 471 200 -436 -3,987 9. AVERAGE TERMS OF NEW COMMITMENTS ALL CREDITORS Interest (%) 2.8 2.2 3.7 0.9 1.1 1.1 0.8 1.2 Maturity (years) 32.0 30.4 23.0 29.6 40.0 35.2 43.0 34.4 Grace period (years) 8.5 8.1 5.9 6.3 8.6 8.3 10.3 8.4 Grant element (%) 59.5 61.6 43.6 63.4 74.4 71.7 81.4 69.7 Official creditors Interest (%) 2.1 1.5 1.4 0.8 1.1 0.9 0.8 0.7 Maturity (years) 35.4 34.8 34.7 40.2 40.7 37.4 43.0 41.8 Grace period (years) 9.4 9.4 8.9 8.5 8.8 8.7 10.3 10.3 Grant element (%) 67.2 71.1 69.8 73.8 75.5 75.4 81.4 81.5 Private creditors Interest (%) 8.1 6.4 6.2 1.0 3.3 3.3 0.8 2.8 Maturity (years) 8.2 6.6 10.1 14.3 10.4 15.2 40.2 11.8 Grace period (years) 2.1 1.3 2.7 3.2 2.7 4.9 10.7 2.4 Grant element (%) 5.1 10.6 14.6 48.3 30.1 39.1 81.0 33.8 10. CONTRACTUAL OBLIGATIONS ON OUTSTANDING LONG-TERM DEBT 2007 2008 2009 2010 2011 2012 2013 2014 TOTAL Principal 127 107 105 100 102 102 92 87 Interest 47 44 41 39 36 33 30 27 Official creditors Principal 81 65 62 58 60 62 60 57 Interest 29 28 27 26 25 23 22 21 Bilateral creditors Principal 33 23 23 25 26 25 24 19 Interest 11 10 10 9 8 7 6 5 Multilateral creditors Principal 48 42 38 33 34 37 36 38 Interest 18 18 17 17 17 16 16 16 Private creditors Principal 47 42 44 42 42 40 32 30 Interest 18 16 14 13 11 9 8 6 Notes: Ghana was granted debt relief effective in 2006 under the Multilateral Debt Relief Initiative. Rescheduling: Debt data include the effects of Paris Club debt restructuring agreement signed in 2005. 170 GRENADA (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 1. SUMMARY DEBT DATA TOTAL DEBT STOCKS (EDT) 110.8 127.0 201.4 366.0 376.7 432.2 406.4 492.4 Long-term debt (LDOD) 97.9 112.4 179.8 294.1 300.1 346.7 391.5 447.9 Public and publicly guaranteed 97.9 112.4 179.8 294.1 300.1 346.7 391.5 447.9 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Use of IMF credit 0.0 0.0 0.0 0.0 4.4 9.1 8.4 9.5 Short-term debt 12.9 14.6 21.6 71.9 72.2 76.3 6.5 35.0 of which interest arrears on LDOD 6.9 6.6 4.5 4.9 6.2 13.3 4.5 6.0 Official creditors 6.5 6.3 1.6 2.8 3.5 4.0 1.7 2.8 Private creditors 0.3 0.3 2.9 2.1 2.8 9.3 2.8 3.3 Memorandum items Principal arrears on LDOD 17.0 20.8 10.6 7.0 6.0 7.4 9.6 10.5 Official creditors 15.4 19.7 7.3 7.0 5.9 6.9 8.0 10.3 Private creditors 1.5 1.1 3.2 0.0 0.2 0.5 1.5 0.2 TOTAL DEBT FLOWS Disbursements 14.8 4.9 77.6 115.9 24.9 59.0 38.5 27.8 Long-term debt 14.8 4.9 77.6 115.9 20.8 54.6 38.5 25.5 IMF purchases 0.0 0.0 0.0 0.0 4.1 4.3 0.0 2.3 Principal repayments 1.7 5.6 10.1 12.4 11.6 10.5 5.5 7.3 Long-term debt 1.3 5.6 10.1 12.4 11.6 10.5 5.5 5.7 IMF repurchases 0.5 0.0 0.0 0.0 0.0 0.0 0.0 1.6 Net flows on debt 13.1 -1.7 63.4 119.6 12.3 45.5 -28.1 47.5 of which short-term debt 0.0 -1.0 -4.1 16.1 -1.0 -3.0 -61.0 27.0 Interest payments (INT) 1.6 2.3 4.4 16.0 19.5 19.0 4.9 8.0 Long-term debt 1.2 1.7 3.4 14.9 18.7 17.0 3.3 6.8 IMF charges 0.0 0.0 0.0 0.0 0.0 0.1 0.3 0.4 Short-term debt 0.4 0.5 1.0 1.1 0.8 1.9 1.3 0.8 Net transfers on debt 11.5 -4.0 59.0 103.7 -7.2 26.5 -32.9 39.4 Total debt service paid (TDS) 3.3 7.9 14.5 28.4 31.1 29.5 10.4 15.3 Long-term debt 2.4 7.4 13.5 27.3 30.2 27.4 8.8 12.5 IMF repurchases and charges 0.5 0.0 0.0 0.0 0.0 0.1 0.3 2.0 Short-term debt (interest only) 0.4 0.5 1.0 1.1 0.8 1.9 1.3 0.8 2. OTHER NET RESOURCE FLOWS (LONG-TERM) Net flow of long-term debt (ex. IMF) 13.5 -0.8 67.5 103.5 9.3 44.2 32.9 19.8 Foreign direct investment (net) 12.9 20.0 37.4 54.5 89.2 65.0 71.9 119.2 Portfolio equity flows 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Grants (excluding technical coop.) 4.2 8.1 7.1 2.6 8.4 12.6 37.5 4.5 of which: Debt forgiveness grants .. .. 0.0 0.0 0.0 0.0 0.0 0.0 IDA grants .. .. .. 0.0 0.0 0.0 0.0 0.0 Memo: technical coop. grants 2.8 3.8 4.7 1.9 1.3 1.2 1.7 1.2 Interest on long-term debt 1.2 1.7 3.4 14.9 18.7 17.0 3.3 6.8 Profit remittances on FDI 8.4 12.6 27.8 32.2 26.1 24.9 22.6 0.0 3. MAJOR ECONOMIC AGGREGATES Gross national income (GNI) 208.9 262.9 375.8 359.9 393.3 394.1 484.6 .. Exports of goods, serv. & inc. (XGS) 105.5 128.7 240.8 176.7 183.3 200.5 160.8 .. Worker remit. & comp. of employees 18.0 18.0 22.0 23.0 23.0 24.0 24.8 24.8 Imports of goods & services (MGS) 153.2 186.6 349.0 323.8 363.5 385.7 426.2 .. International reserves (RES) 17.6 36.7 57.7 87.8 83.2 121.7 94.3 100.0 Current account balance -46.2 -40.8 -88.1 -125.6 -143.7 -64.3 -187.3 .. 4. DEBT INDICATORS EDT / XGS (%) 105.0 98.7 83.6 207.1 205.5 215.6 252.8 .. EDT / GNI (%) 53.0 48.3 53.6 101.7 95.8 109.6 83.9 .. TDS / XGS (%) 3.1 6.1 6.0 16.1 17.0 14.7 6.5 .. INT / XGS (%) 1.5 1.8 1.8 9.0 10.7 9.5 3.0 .. INT / GNI (%) 0.7 0.9 1.2 4.4 5.0 4.8 1.0 .. RES / EDT (%) 15.9 28.9 28.6 24.0 22.1 28.2 23.2 20.3 RES / MGS (months) 1.4 2.4 2.0 3.3 2.7 3.8 2.7 .. Short-term / EDT (%) 11.6 11.5 10.7 19.7 19.2 17.7 1.6 7.1 Concessional / EDT (%) 70.1 68.7 47.0 29.4 28.6 26.5 35.6 36.7 Multilateral / EDT (%) 35.7 39.6 31.4 20.9 22.4 21.8 27.4 26.2 171 GRENADA (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 5. LONG-TERM DEBT DEBT OUTSTANDING (LDOD) 97.9 112.4 179.8 294.1 300.1 346.7 391.5 447.9 Public and publicly guaranteed 97.9 112.4 179.8 294.1 300.1 346.7 391.5 447.9 Official creditors 95.0 104.7 116.8 131.5 132.5 141.5 172.7 206.4 Multilateral 39.5 50.3 63.3 76.4 84.4 94.3 111.2 128.8 Concessional 36.6 46.0 53.1 62.1 67.3 74.1 90.0 109.6 Bilateral 55.4 54.4 53.5 55.0 48.1 47.2 61.4 77.5 Concessional 41.0 41.3 41.6 45.5 40.5 40.5 54.9 71.0 Private creditors 2.9 7.7 63.0 162.6 167.6 205.2 218.9 241.5 of which: Bonds 0.0 0.0 26.6 129.6 129.8 171.3 214.3 239.4 Commercial banks 0.7 0.3 32.2 28.2 34.2 31.7 2.4 1.5 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks and other 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 0.0 2.2 4.2 6.4 7.8 10.1 9.0 IDA 5.5 7.3 9.6 16.2 19.3 21.3 22.9 27.8 Public sector LDOD 97.9 112.4 179.8 294.1 300.1 346.7 391.5 447.9 Private sector LDOD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 DISBURSEMENTS 14.8 4.9 77.6 115.9 20.8 54.6 38.5 25.5 Public and publicly guaranteed 14.8 4.9 77.6 115.9 20.8 54.6 38.5 25.5 Official creditors 14.3 4.9 19.8 12.1 12.2 12.8 38.5 25.5 Multilateral 2.9 3.4 11.7 12.0 12.1 11.9 22.7 20.5 Concessional 2.9 1.3 7.0 10.2 8.9 7.8 19.9 20.4 Bilateral 11.4 1.5 8.1 0.1 0.1 0.9 15.8 5.0 Concessional 11.2 1.4 7.2 0.1 0.1 0.9 15.8 5.0 Private creditors 0.5 0.0 57.8 103.8 8.6 41.9 0.0 0.0 of which: Bonds 0.0 0.0 26.6 103.0 0.2 41.5 0.0 0.0 Commercial banks 0.0 0.0 30.0 0.8 8.4 0.4 0.0 0.0 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks and other 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 0.0 1.9 0.8 2.2 1.8 2.8 0.1 IDA 1.0 0.0 0.8 6.1 1.6 1.1 3.6 4.0 PRINCIPAL REPAYMENTS 1.3 5.6 10.1 12.4 11.6 10.5 5.5 5.7 Public and publicly guaranteed 1.3 5.6 10.1 12.4 11.6 10.5 5.5 5.7 Official creditors 1.1 3.9 6.3 8.1 7.7 6.1 5.2 5.7 Multilateral 1.0 2.8 3.2 3.6 3.3 3.2 3.7 4.3 Concessional 0.8 2.6 2.1 2.8 2.1 2.2 2.0 2.2 Bilateral 0.1 1.1 3.2 4.5 4.4 2.9 1.5 1.4 Concessional 0.0 1.1 2.6 3.3 2.3 2.0 1.4 1.4 Private creditors 0.2 1.8 3.7 4.3 3.8 4.4 0.4 0.0 of which: Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.1 0.2 2.4 2.3 2.4 2.9 0.4 0.0 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks and other 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 0.0 0.0 0.0 0.0 0.3 0.6 1.1 IDA 0.0 0.1 0.1 0.1 0.1 0.1 0.2 0.3 INTEREST PAYMENTS (LINT) 1.2 1.7 3.4 14.9 18.7 17.0 3.3 6.8 Public and publicly guaranteed 1.2 1.7 3.4 14.9 18.7 17.0 3.3 6.8 Official creditors 1.0 1.6 2.3 4.8 3.9 4.5 3.3 4.5 Multilateral 1.0 1.3 1.1 1.9 2.1 2.3 2.6 3.8 Concessional 1.0 1.2 0.8 1.3 1.2 1.4 1.6 2.6 Bilateral 0.0 0.2 1.3 2.9 1.8 2.3 0.7 0.7 Concessional 0.0 0.2 0.8 2.4 1.4 2.2 0.7 0.7 Private creditors 0.2 0.2 1.1 10.1 14.7 12.4 0.0 2.3 of which: Bonds 0.0 0.0 0.0 7.1 12.0 9.3 0.0 2.3 Commercial banks 0.2 0.1 1.1 2.9 2.7 3.1 0.0 0.0 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks and other 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 0.0 0.0 0.2 0.3 0.3 0.4 0.5 IDA 0.0 0.1 0.1 0.1 0.1 0.2 0.2 0.2 172 GRENADA (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 6. CURRENCY COMPOSITION OF PUBLIC AND PUBLICLY GUARANTEED DEBT (PERCENT) Euro .. .. .. 0.8 1.0 0.6 0.4 0.3 Japanese yen 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Pound sterling 34.5 33.7 6.3 2.0 0.6 0.3 0.2 0.0 Swiss franc 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 U.S.dollars 57.3 59.7 78.7 87.5 89.0 91.1 91.3 92.1 7. DEBT RESTRUCTURINGS Total amount rescheduled 0.0 0.0 0.0 0.0 0.0 0.0 208.7 13.2 Debt stock rescheduled 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal rescheduled 0.0 0.0 0.0 0.0 0.0 0.0 195.4 3.6 Official 0.0 0.0 0.0 0.0 0.0 0.0 0.0 1.0 Private 0.0 0.0 0.0 0.0 0.0 0.0 195.4 2.6 Interest rescheduled 0.0 0.0 0.0 0.0 0.0 0.0 13.3 0.6 Official 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.4 Private 0.0 0.0 0.0 0.0 0.0 0.0 13.3 0.2 Debt forgiven 0.0 0.6 0.0 0.0 0.0 0.0 0.0 0.0 Memo: interest forgiven 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Debt stock reduction 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 of which debt buyback 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 8. DEBT STOCK-FLOW RECONCILIATION Total change in debt stocks 21.8 -2.0 65.6 126.4 10.7 55.5 -25.7 85.9 Net flows on debt 13.1 -1.7 63.4 119.6 12.3 45.5 -28.1 47.5 Cross-currency valuation 6.3 0.2 -2.0 2.6 3.3 2.2 -3.3 2.3 9. AVERAGE TERMS OF NEW COMMITMENTS ALL CREDITORS Interest (%) 4.6 2.6 4.5 3.4 3.5 4.2 2.0 1.8 Maturity (years) 17.9 28.2 18.1 13.0 20.9 15.1 24.3 30.7 Grace period (years) 2.4 5.6 7.2 9.3 5.8 9.6 5.1 9.7 Grant element (%) 30.7 52.2 35.8 42.2 43.6 39.2 56.5 66.8 Official creditors Interest (%) 4.6 2.6 3.8 3.3 3.5 2.4 2.0 1.8 Maturity (years) 17.9 28.2 24.4 24.1 21.2 26.6 24.3 30.7 Grace period (years) 2.4 5.6 7.2 7.2 5.7 8.7 5.1 9.7 Grant element (%) 30.7 52.2 45.8 48.8 44.2 58.0 56.5 66.8 Private creditors Interest (%) 0.0 0.0 5.0 3.4 7.6 5.0 0.0 0.0 Maturity (years) 0.0 0.0 13.5 9.9 10.0 10.0 0.0 0.0 Grace period (years) 0.0 0.0 7.2 9.9 10.0 10.0 0.0 0.0 Grant element (%) 0.0 0.0 28.5 40.3 14.9 30.7 0.0 0.0 10. CONTRACTUAL OBLIGATIONS ON OUTSTANDING LONG-TERM DEBT 2007 2008 2009 2010 2011 2012 2013 2014 TOTAL Principal 14.2 11.7 11.3 11.7 12.3 17.8 26.0 10.7 Interest 11.2 11.0 17.9 17.6 17.2 26.1 25.6 31.8 Official creditors Principal 13.2 11.4 11.2 11.5 12.2 12.1 26.0 10.7 Interest 6.3 6.2 6.0 5.7 5.3 5.0 4.6 3.8 Bilateral creditors Principal 5.9 3.7 4.1 4.1 4.8 4.4 18.1 3.2 Interest 2.3 2.1 2.0 1.9 1.7 1.5 1.4 0.8 Multilateral creditors Principal 7.4 7.6 7.1 7.4 7.4 7.6 7.9 7.6 Interest 4.0 4.0 3.9 3.8 3.6 3.4 3.2 3.0 Private creditors Principal 1.0 0.3 0.2 0.2 0.2 5.7 0.0 0.0 Interest 4.9 4.9 11.9 11.9 11.9 21.1 21.0 28.1 Notes: Rescheduling: Data include the effects of Paris Club debt restructuring agreement signed in 2006. 173 GUATEMALA (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 1. SUMMARY DEBT DATA TOTAL DEBT STOCKS (EDT) 2,849 3,282 3,853 4,433 5,082 5,531 5,349 5,496 Long-term debt (LDOD) 2,368 2,470 2,681 3,200 3,512 3,915 3,793 4,012 Public and publicly guaranteed 2,241 2,328 2,540 3,098 3,427 3,794 3,687 3,921 Private nonguaranteed 127 142 142 102 86 120 105 91 Use of IMF credit 67 0 0 0 0 0 0 0 Short-term debt 414 812 1,172 1,233 1,570 1,616 1,556 1,484 of which interest arrears on LDOD 207 220 317 388 401 414 414 0 Official creditors 46 22 14 1 0 0 0 0 Private creditors 161 199 303 387 401 414 414 0 Memorandum items Principal arrears on LDOD 264 257 224 134 134 131 131 0 Official creditors 99 46 28 0 0 0 0 0 Private creditors 165 211 196 134 134 131 131 0 TOTAL DEBT FLOWS Disbursements 164 200 210 327 478 675 144 581 Long-term debt 164 200 210 327 478 675 144 581 IMF purchases 0 0 0 0 0 0 0 0 Principal repayments 118 211 188 215 240 290 214 258 Long-term debt 106 211 188 215 240 290 214 258 IMF repurchases 12 0 0 0 0 0 0 0 Net flows on debt 50 142 56 92 562 418 -131 665 of which short-term debt 4 153 34 -20 324 33 -60 342 Interest payments (INT) 112 145 202 205 221 257 263 293 Long-term debt 89 113 152 171 191 222 210 234 IMF charges 7 0 0 0 0 0 0 0 Short-term debt 16 32 50 34 30 36 53 59 Net transfers on debt -63 -3 -146 -113 341 161 -393 372 Total debt service paid (TDS) 230 357 390 420 460 547 477 551 Long-term debt 195 325 340 386 430 511 424 492 IMF repurchases and charges 19 0 0 0 0 0 0 0 Short-term debt (interest only) 16 32 50 34 30 36 53 59 2. OTHER NET RESOURCE FLOWS (LONG-TERM) Net flow of long-term debt (ex. IMF) 58 -11 22 112 238 385 -71 323 Foreign direct investment (net) 48 75 230 111 131 155 227 354 Portfolio equity flows 0 0 0 0 0 0 0 0 Grants (excluding technical coop.) 69 106 146 152 150 133 194 409 of which: Debt forgiveness grants .. .. 0 0 0 0 0 179 IDA grants .. .. .. 0 0 0 0 0 Memo: technical coop. grants 87 91 87 126 127 126 98 121 Interest on long-term debt 89 113 152 171 191 222 210 234 Profit remittances on FDI 37 95 248 287 319 291 374 501 3. MAJOR ECONOMIC AGGREGATES Gross national income (GNI) 7,494 14,498 19,065 22,935 24,529 27,041 31,340 34,954 Exports of goods, serv. & inc. (XGS) 1,695 3,228 4,640 5,705 6,404 7,270 9,856 11,385 Worker remit. & comp. of employees 119 358 596 1,600 2,147 2,592 3,033 3,626 Imports of goods & services (MGS) 2,028 3,933 5,991 7,337 7,799 8,974 11,818 13,484 International reserves (RES) 362 783 1,806 2,373 2,925 3,522 3,777 4,055 Current account balance -213 -572 -1,050 -1,235 -1,039 -1,211 -1,432 -1,592 4. DEBT INDICATORS EDT / XGS (%) 168.1 101.7 83.0 77.7 79.4 76.1 54.3 48.3 EDT / GNI (%) 38.0 22.6 20.2 19.3 20.7 20.5 17.1 15.7 TDS / XGS (%) 13.6 11.1 8.4 7.4 7.2 7.5 4.8 4.8 INT / XGS (%) 6.6 4.5 4.3 3.6 3.4 3.5 2.7 2.6 INT / GNI (%) 1.5 1.0 1.1 0.9 0.9 1.0 0.8 0.8 RES / EDT (%) 12.7 23.9 46.9 53.5 57.6 63.7 70.6 73.8 RES / MGS (months) 2.1 2.4 3.6 3.9 4.5 4.7 3.8 3.6 Short-term / EDT (%) 14.5 24.7 30.4 27.8 30.9 29.2 29.1 27.0 Concessional / EDT (%) 24.9 30.7 25.1 20.9 18.5 15.7 14.4 13.0 Multilateral / EDT (%) 36.4 30.4 38.0 41.9 38.1 37.0 37.6 44.2 174 GUATEMALA (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 5. LONG-TERM DEBT DEBT OUTSTANDING (LDOD) 2,368 2,470 2,681 3,200 3,512 3,915 3,793 4,012 Public and publicly guaranteed 2,241 2,328 2,540 3,098 3,427 3,794 3,687 3,921 Official creditors 1,684 1,787 2,098 2,453 2,515 2,557 2,451 2,815 Multilateral 1,036 998 1,462 1,856 1,934 2,046 2,011 2,429 Concessional 332 367 376 371 393 380 349 338 Bilateral 648 789 635 597 581 511 440 386 Concessional 377 642 590 555 546 489 424 374 Private creditors 557 541 442 644 912 1,237 1,237 1,105 of which: Bonds 190 264 245 508 777 1,105 1,105 1,105 Commercial banks 118 61 0 0 0 0 0 0 Private nonguaranteed 127 142 142 102 86 120 105 91 Bonds 0 0 0 0 0 50 50 50 Commercial banks and other 127 142 142 102 86 70 55 41 Memo: IBRD 293 158 296 400 428 478 479 642 IDA 0 0 0 0 0 0 0 0 Public sector LDOD 2,238 2,328 2,540 3,098 3,427 3,794 3,687 3,921 Private sector LDOD 130 142 142 102 86 120 105 91 DISBURSEMENTS 164 200 210 327 478 675 144 581 Public and publicly guaranteed 156 200 210 327 478 625 144 581 Official creditors 126 128 210 327 178 295 144 581 Multilateral 68 87 157 320 162 274 131 572 Concessional 20 18 9 11 4 2 4 6 Bilateral 58 41 53 7 16 21 13 9 Concessional 57 21 52 7 16 21 13 9 Private creditors 30 73 0 0 300 330 0 0 of which: Bonds 0 59 0 0 300 330 0 0 Commercial banks 14 2 0 0 0 0 0 0 Private nonguaranteed 7 0 0 0 0 50 0 0 Bonds 0 0 0 0 0 50 0 0 Commercial banks and other 7 0 0 0 0 0 0 0 Memo: IBRD 16 13 51 83 45 79 34 199 IDA 0 0 0 0 0 0 0 0 PRINCIPAL REPAYMENTS 106 211 188 215 240 290 214 258 Public and publicly guaranteed 103 192 168 196 223 274 199 244 Official creditors 59 151 136 162 191 273 199 234 Multilateral 28 92 78 102 130 170 145 163 Concessional 6 14 14 16 19 23 22 23 Bilateral 31 59 58 60 61 102 54 71 Concessional 3 23 45 52 53 89 48 67 Private creditors 44 42 32 34 33 2 1 11 of which: Bonds 11 15 31 32 32 1 0 0 Commercial banks 29 17 0 0 0 0 0 0 Private nonguaranteed 3 19 20 19 17 16 15 14 Bonds 0 0 0 0 0 0 0 0 Commercial banks and other 3 19 20 19 17 16 15 14 Memo: IBRD 5 40 13 13 18 29 33 36 IDA 0 0 0 0 0 0 0 0 INTEREST PAYMENTS (LINT) 89 113 152 171 191 222 210 234 Public and publicly guaranteed 79 108 133 166 187 214 203 227 Official creditors 52 80 110 117 111 113 102 127 Multilateral 33 52 84 95 92 96 87 114 Concessional 4 7 7 7 7 8 7 7 Bilateral 19 29 26 22 20 18 15 13 Concessional 4 16 22 19 18 16 14 12 Private creditors 27 28 23 49 75 101 101 101 of which: Bonds 18 23 22 49 75 101 101 101 Commercial banks 7 3 0 0 0 0 0 0 Private nonguaranteed 10 5 19 5 4 8 7 6 Bonds 0 0 0 0 0 5 5 5 Commercial banks and other 10 5 19 5 4 3 3 2 Memo: IBRD 3 14 21 22 19 17 19 28 IDA 0 0 0 0 0 0 0 0 175 GUATEMALA (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 6. CURRENCY COMPOSITION OF PUBLIC AND PUBLICLY GUARANTEED DEBT (PERCENT) Euro .. .. .. 3.3 3.2 3.0 2.5 2.3 Japanese yen 0.0 2.5 2.9 3.5 3.8 3.7 3.5 3.3 Pound sterling 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Swiss franc 0.0 0.5 0.2 0.0 0.0 0.0 0.0 0.0 U.S.dollars 51.6 54.8 75.0 80.7 81.5 83.9 85.7 86.9 7. DEBT RESTRUCTURINGS Total amount rescheduled 30 0 0 0 0 0 0 0 Debt stock rescheduled 8 0 0 0 0 0 0 0 Principal rescheduled 13 0 0 0 0 0 0 0 Official 13 0 0 0 0 0 0 0 Private 0 0 0 0 0 0 0 0 Interest rescheduled 7 0 0 0 0 0 0 0 Official 7 0 0 0 0 0 0 0 Private 0 0 0 0 0 0 0 0 Debt forgiven 0 0 0 0 0 0 0 0 Memo: interest forgiven 0 0 0 0 0 4 0 409 Debt stock reduction 0 0 0 0 0 0 0 129 of which debt buyback 0 0 0 0 0 0 0 0 8. DEBT STOCK-FLOW RECONCILIATION Total change in debt stocks 245 178 72 144 650 449 -182 147 Net flows on debt 50 142 56 92 562 418 -131 665 Cross-currency valuation 36 10 -27 38 37 11 -27 17 9. AVERAGE TERMS OF NEW COMMITMENTS ALL CREDITORS Interest (%) 5.9 4.2 7.2 4.5 8.0 7.4 5.4 5.5 Maturity (years) 18.3 30.9 19.2 19.6 13.3 26.6 18.8 23.0 Grace period (years) 4.7 7.9 4.7 5.0 7.7 24.6 5.1 4.1 Grant element (%) 27.7 47.3 17.3 35.2 11.2 18.6 33.0 30.5 Official creditors Interest (%) 4.9 4.2 7.2 4.5 5.6 4.4 5.4 5.5 Maturity (years) 23.1 30.9 19.2 19.6 19.8 13.9 18.8 23.0 Grace period (years) 6.2 7.9 4.7 5.0 4.2 3.7 5.1 4.1 Grant element (%) 36.6 47.3 17.3 35.2 27.2 30.4 33.0 30.5 Private creditors Interest (%) 8.8 0.0 0.0 0.0 9.3 8.1 0.0 0.0 Maturity (years) 4.5 0.0 0.0 0.0 10.0 29.7 0.0 0.0 Grace period (years) 0.5 0.0 0.0 0.0 9.4 29.7 0.0 0.0 Grant element (%) 2.1 0.0 0.0 0.0 3.1 15.7 0.0 0.0 10. CONTRACTUAL OBLIGATIONS ON OUTSTANDING LONG-TERM DEBT 2007 2008 2009 2010 2011 2012 2013 2014 TOTAL Principal 400 273 331 277 585 235 513 204 Interest 267 254 243 229 216 142 131 119 Official creditors Principal 236 263 271 268 260 235 213 204 Interest 161 160 152 141 128 115 104 93 Bilateral creditors Principal 48 35 33 32 28 22 19 15 Interest 12 10 9 8 7 6 5 5 Multilateral creditors Principal 188 227 238 237 232 214 194 190 Interest 149 150 144 133 121 109 98 88 Private creditors Principal 163 10 60 9 325 0 300 0 Interest 107 93 91 88 88 27 27 27 Notes: Private nonguaranteed debt data are World Bank staff estimates. 176 GUINEA (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 1. SUMMARY DEBT DATA TOTAL DEBT STOCKS (EDT) 2,476 3,242 3,388 3,401 3,457 3,538 3,247 3,281 Long-term debt (LDOD) 2,253 2,987 2,940 2,972 3,154 3,188 2,931 2,980 Public and publicly guaranteed 2,253 2,987 2,940 2,972 3,154 3,188 2,931 2,980 Private nonguaranteed 0 0 0 0 0 0 0 0 Use of IMF credit 51 94 113 139 136 122 87 72 Short-term debt 172 161 335 289 166 229 229 229 of which interest arrears on LDOD 55 82 118 110 110 111 111 111 Official creditors 49 71 114 106 106 107 107 107 Private creditors 6 10 4 4 4 4 4 4 Memorandum items Principal arrears on LDOD 190 371 566 554 555 560 559 563 Official creditors 164 314 537 525 527 532 530 535 Private creditors 26 58 29 29 29 29 29 29 TOTAL DEBT FLOWS Disbursements 196 200 70 66 52 43 41 37 Long-term debt 196 169 70 49 52 43 41 37 IMF purchases 0 31 0 17 0 0 0 0 Principal repayments 110 129 98 89 97 128 115 121 Long-term debt 96 121 90 79 84 108 89 101 IMF repurchases 14 9 8 10 13 19 26 19 Net flows on debt 86 98 -41 -21 -167 -22 -74 -84 of which short-term debt 0 27 -12 2 -123 62 0 0 Interest payments (INT) 59 49 57 36 34 44 47 44 Long-term debt 53 44 41 31 30 40 42 40 IMF charges 2 0 1 1 1 0 1 0 Short-term debt 4 5 15 3 4 4 4 4 Net transfers on debt 27 49 -97 -57 -202 -66 -121 -128 Total debt service paid (TDS) 169 178 155 125 131 172 162 165 Long-term debt 149 164 131 111 114 149 131 141 IMF repurchases and charges 16 9 9 11 13 19 27 20 Short-term debt (interest only) 4 5 15 3 4 4 4 4 2. OTHER NET RESOURCE FLOWS (LONG-TERM) Net flow of long-term debt (ex. IMF) 100 49 -20 -30 -32 -65 -48 -64 Foreign direct investment (net) 18 1 10 30 79 0 102 108 Portfolio equity flows 0 0 0 0 0 0 0 0 Grants (excluding technical coop.) 93 235 112 184 180 207 142 124 of which: Debt forgiveness grants .. .. 40 36 24 70 27 16 IDA grants .. .. .. 0 2 4 6 9 Memo: technical coop. grants 61 72 51 55 69 72 63 75 Interest on long-term debt 53 44 41 31 30 40 42 40 Profit remittances on FDI 61 23 8 1 79 0 0 0 3. MAJOR ECONOMIC AGGREGATES Gross national income (GNI) 2,518 3,609 3,035 3,170 3,585 3,910 3,283 3,274 Exports of goods, serv. & inc. (XGS) 841 714 759 820 867 862 .. .. Worker remit. & comp. of employees 0 1 1 15 111 42 42 42 Imports of goods & services (MGS) 1,115 1,109 973 1,051 1,076 1,001 .. .. International reserves (RES) .. 87 168 263 282 113 97 .. Current account balance -203 -216 -140 -200 -185 -162 .. .. 4. DEBT INDICATORS EDT / XGS (%) 294.3 454.3 446.4 414.6 398.9 410.3 .. .. EDT / GNI (%) 98.4 89.8 111.6 107.3 96.4 90.5 98.9 100.2 TDS / XGS (%) 20.0 25.0 20.4 15.2 15.1 19.9 .. .. INT / XGS (%) 7.0 6.8 7.5 4.4 4.0 5.1 .. .. INT / GNI (%) 2.3 1.4 1.9 1.1 1.0 1.1 1.4 1.3 RES / EDT (%) .. 2.7 4.9 7.7 8.2 3.2 3.0 .. RES / MGS (months) .. 0.9 2.1 3.0 3.1 1.4 .. .. Short-term / EDT (%) 6.9 5.0 9.9 8.5 4.8 6.5 7.0 7.0 Concessional / EDT (%) 67.7 75.8 74.9 76.9 80.6 80.8 81.5 82.3 Multilateral / EDT (%) 27.4 45.0 47.7 50.2 54.2 54.0 54.0 55.1 177 GUINEA (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 5. LONG-TERM DEBT DEBT OUTSTANDING (LDOD) 2,253 2,987 2,940 2,972 3,154 3,188 2,931 2,980 Public and publicly guaranteed 2,253 2,987 2,940 2,972 3,154 3,188 2,931 2,980 Official creditors 2,144 2,905 2,911 2,944 3,125 3,159 2,902 2,952 Multilateral 678 1,460 1,615 1,708 1,873 1,911 1,754 1,809 Concessional 602 1,216 1,419 1,551 1,714 1,795 1,667 1,731 Bilateral 1,467 1,444 1,296 1,236 1,253 1,248 1,148 1,143 Concessional 1,073 1,241 1,117 1,063 1,071 1,064 978 970 Private creditors 108 82 29 29 29 29 29 29 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 24 25 0 0 0 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 Commercial banks and other 0 0 0 0 0 0 0 0 Memo: IBRD 28 0 0 0 0 0 0 0 IDA 392 847 982 1,096 1,212 1,287 1,205 1,259 Public sector LDOD 2,253 2,987 2,940 2,972 3,154 3,188 2,931 2,980 Private sector LDOD 0 0 0 0 0 0 0 0 DISBURSEMENTS 196 169 70 49 52 43 41 37 Public and publicly guaranteed 196 169 70 49 52 43 41 37 Official creditors 196 169 70 49 52 43 41 37 Multilateral 90 161 70 49 52 43 41 36 Concessional 85 115 60 47 47 43 41 36 Bilateral 106 8 0 0 0 0 0 0 Concessional 105 8 0 0 0 0 0 0 Private creditors 0 0 0 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 Commercial banks and other 0 0 0 0 0 0 0 0 Memo: IBRD 0 0 0 0 0 0 0 0 IDA 52 59 29 32 33 38 32 22 PRINCIPAL REPAYMENTS 96 121 90 79 84 108 89 101 Public and publicly guaranteed 96 121 90 79 84 108 89 101 Official creditors 77 106 90 79 84 108 89 101 Multilateral 21 35 51 36 39 76 46 60 Concessional 6 26 29 21 22 27 30 44 Bilateral 56 71 39 43 45 33 43 41 Concessional 48 60 9 41 44 30 39 37 Private creditors 19 15 0 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 7 0 0 0 0 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 Commercial banks and other 0 0 0 0 0 0 0 0 Memo: IBRD 12 0 0 0 0 0 0 0 IDA 1 2 11 4 7 7 9 24 INTEREST PAYMENTS (LINT) 53 44 41 31 30 40 42 40 Public and publicly guaranteed 53 44 41 31 30 40 42 40 Official creditors 47 43 41 31 30 40 42 40 Multilateral 12 15 24 22 21 23 20 19 Concessional 5 9 13 13 14 15 16 15 Bilateral 35 28 17 9 9 17 22 21 Concessional 23 20 9 8 8 11 14 13 Private creditors 6 1 0 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 5 0 0 0 0 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 Commercial banks and other 0 0 0 0 0 0 0 0 Memo: IBRD 2 0 0 0 0 0 0 0 IDA 2 6 7 7 8 8 9 9 178 GUINEA (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 6. CURRENCY COMPOSITION OF PUBLIC AND PUBLICLY GUARANTEED DEBT (PERCENT) Euro .. .. .. 8.8 9.1 9.0 7.7 7.6 Japanese yen 2.2 3.5 2.8 2.2 2.2 2.1 1.8 1.6 Pound sterling 1.8 0.9 0.6 0.6 0.5 0.6 0.5 0.6 Swiss franc 0.6 0.3 0.2 0.2 0.2 0.2 0.2 0.2 U.S.dollars 33.1 48.5 54.1 57.1 57.8 58.0 58.6 58.9 7. DEBT RESTRUCTURINGS Total amount rescheduled 110 130 0 5 5 0 0 0 Debt stock rescheduled 0 0 0 0 0 0 0 0 Principal rescheduled 71 94 0 3 2 0 0 0 Official 71 93 0 3 2 0 0 0 Private 0 2 0 0 0 0 0 0 Interest rescheduled 0 16 0 3 3 1 0 0 Official 0 15 0 3 3 1 0 0 Private 0 0 0 0 0 0 0 0 Debt forgiven 2 53 0 31 28 13 12 0 Memo: interest forgiven 0 8 0 14 14 6 1 0 Debt stock reduction 0 0 0 0 0 0 0 0 of which debt buyback 0 0 0 0 0 0 0 0 8. DEBT STOCK-FLOW RECONCILIATION Total change in debt stocks 300 132 -135 147 56 82 -292 35 Net flows on debt 86 98 -41 -21 -167 -22 -74 -84 Cross-currency valuation 106 -16 -97 141 168 74 -161 79 9. AVERAGE TERMS OF NEW COMMITMENTS ALL CREDITORS Interest (%) 2.6 2.1 1.3 0.8 1.0 0.8 0.5 0.7 Maturity (years) 30.5 21.3 38.1 47.7 45.4 23.5 26.6 16.3 Grace period (years) 8.2 6.8 9.1 10.3 9.7 7.2 5.2 5.6 Grant element (%) 59.5 50.6 73.3 82.7 78.8 53.8 58.2 43.7 Official creditors Interest (%) 2.6 2.0 1.3 0.8 1.0 1.1 0.7 1.3 Maturity (years) 30.5 25.9 38.1 47.7 45.4 34.0 35.1 26.6 Grace period (years) 8.2 8.5 9.1 10.3 9.7 10.5 6.9 9.4 Grant element (%) 59.5 60.8 73.3 82.7 78.8 73.1 73.4 65.1 Private creditors Interest (%) 0.0 2.7 0.0 0.0 0.0 0.0 0.0 0.0 Maturity (years) 0.0 3.5 0.0 0.0 0.0 2.9 2.9 2.9 Grace period (years) 0.0 0.1 0.0 0.0 0.0 0.6 0.6 0.6 Grant element (%) 0.0 10.8 0.0 0.0 0.0 16.1 16.1 16.1 10. CONTRACTUAL OBLIGATIONS ON OUTSTANDING LONG-TERM DEBT 2007 2008 2009 2010 2011 2012 2013 2014 TOTAL Principal 136 102 105 106 107 107 106 108 Interest 39 36 34 32 30 28 25 23 Official creditors Principal 102 102 105 106 107 107 106 108 Interest 39 36 34 32 30 28 25 23 Bilateral creditors Principal 42 40 41 39 36 38 39 39 Interest 21 19 18 17 16 15 13 12 Multilateral creditors Principal 60 62 64 67 70 69 68 68 Interest 18 17 16 15 14 13 12 11 Private creditors Principal 35 0 0 0 0 0 0 0 Interest 0 0 0 0 0 0 0 0 Notes: Data on long-term public and publicly guaranteed debt for 2006 are World Bank staff estimates. 179 GUINEA-BISSAU (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 1. SUMMARY DEBT DATA TOTAL DEBT STOCKS (EDT) 692.1 898.3 804.4 699.4 745.1 765.0 692.7 711.3 Long-term debt (LDOD) 630.4 797.7 715.5 662.3 712.5 737.9 671.3 695.0 Public and publicly guaranteed 630.4 797.7 715.5 662.3 712.5 737.9 671.3 695.0 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Use of IMF credit 5.3 5.9 24.7 23.4 20.5 15.8 11.5 8.2 Short-term debt 56.5 94.6 64.2 13.7 12.1 11.2 9.9 8.1 of which interest arrears on LDOD 29.9 88.6 51.2 7.7 8.1 8.2 7.9 8.1 Official creditors 27.5 82.6 51.1 7.7 8.1 8.2 7.9 8.1 Private creditors 2.4 6.1 0.1 0.0 0.0 0.0 0.0 0.0 Memorandum items Principal arrears on LDOD 112.8 252.0 114.7 26.7 27.4 27.7 27.1 27.6 Official creditors 107.0 221.1 114.1 26.7 27.4 27.7 27.1 27.6 Private creditors 5.9 30.9 0.6 0.0 0.0 0.0 0.0 0.0 TOTAL DEBT FLOWS Disbursements 36.5 23.5 22.2 6.0 19.5 30.8 18.2 12.6 Long-term debt 36.5 21.1 13.6 6.0 19.5 30.8 18.2 12.6 IMF purchases 0.0 2.4 8.6 0.0 0.0 0.0 0.0 0.0 Principal repayments 2.3 9.3 9.6 7.3 10.7 34.9 23.9 24.5 Long-term debt 2.3 8.1 9.4 5.7 5.8 29.5 20.8 20.7 IMF repurchases 0.0 1.1 0.2 1.5 4.8 5.3 3.1 3.8 Net flows on debt 45.7 13.2 22.5 -5.3 6.8 -5.1 -6.7 -13.8 of which short-term debt 11.6 -1.0 10.0 -4.1 -2.0 -1.1 -1.0 -2.0 Interest payments (INT) 6.1 6.1 10.3 3.8 4.5 10.1 8.7 9.4 Long-term debt 3.4 5.7 9.6 3.2 4.1 9.9 8.6 9.2 IMF charges 0.0 0.0 0.3 0.2 0.2 0.1 0.1 0.1 Short-term debt 2.7 0.4 0.5 0.3 0.2 0.1 0.1 0.1 Net transfers on debt 39.6 7.2 12.2 -9.1 2.3 -15.2 -15.4 -23.2 Total debt service paid (TDS) 8.4 15.3 20.0 11.0 15.2 44.9 32.6 33.8 Long-term debt 5.7 13.8 19.0 8.9 9.9 39.4 29.3 29.9 IMF repurchases and charges 0.0 1.2 0.5 1.8 5.0 5.5 3.2 3.9 Short-term debt (interest only) 2.7 0.4 0.5 0.3 0.2 0.1 0.1 0.1 2. OTHER NET RESOURCE FLOWS (LONG-TERM) Net flow of long-term debt (ex. IMF) 34.2 13.0 4.2 0.3 13.6 1.3 -2.6 -8.0 Foreign direct investment (net) 2.0 0.0 0.7 3.6 4.0 1.7 10.0 42.0 Portfolio equity flows 0.0 0.0 0.0 0.6 0.3 0.0 0.0 0.0 Grants (excluding technical coop.) 60.2 54.1 50.4 43.3 114.2 46.4 60.4 71.4 of which: Debt forgiveness grants .. .. 8.5 6.9 75.0 5.6 6.0 7.3 IDA grants .. .. .. 0.0 0.0 0.0 1.6 2.0 Memo: technical coop. grants 21.4 46.5 12.9 17.5 18.9 16.1 15.9 16.1 Interest on long-term debt 3.4 5.7 9.6 3.2 4.1 9.9 8.6 9.2 Profit remittances on FDI 0.0 0.0 0.0 0.7 0.2 0.0 0.0 0.0 3. MAJOR ECONOMIC AGGREGATES Gross national income (GNI) 233.3 235.9 203.1 192.7 224.8 258.5 289.1 294.9 Exports of goods, serv. & inc. (XGS) 27.1 29.6 .. 79.6 94.4 111.7 .. .. Worker remit. & comp. of employees 1.0 0.0 2.0 18.0 23.0 28.0 28.0 28.0 Imports of goods & services (MGS) 110.5 110.3 .. 96.0 112.5 138.1 .. .. International reserves (RES) 18.2 20.3 66.7 102.7 32.9 73.1 79.8 82.0 Current account balance -45.3 -35.2 .. -1.3 -0.3 13.9 .. .. 4. DEBT INDICATORS EDT / XGS (%) 2,554.0 3,035.7 .. 879.1 789.5 684.9 .. .. EDT / GNI (%) 296.6 380.7 396.1 362.9 331.5 295.9 239.6 241.2 TDS / XGS (%) 31.1 51.9 .. 13.9 16.1 40.2 .. .. INT / XGS (%) 22.5 20.5 .. 4.7 4.7 9.0 .. .. INT / GNI (%) 2.6 2.6 5.1 2.0 2.0 3.9 3.0 3.2 RES / EDT (%) 2.6 2.3 8.3 14.7 4.4 9.6 11.5 11.5 RES / MGS (months) 2.0 2.2 .. 12.8 3.5 6.3 .. .. Short-term / EDT (%) 8.2 10.5 8.0 2.0 1.6 1.5 1.4 1.1 Concessional / EDT (%) 56.7 62.8 75.4 86.8 89.5 92.6 94.4 95.3 Multilateral / EDT (%) 39.5 41.1 48.6 55.8 58.6 62.4 64.9 66.3 180 GUINEA-BISSAU (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 5. LONG-TERM DEBT DEBT OUTSTANDING (LDOD) 630.4 797.7 715.5 662.3 712.5 737.9 671.3 695.0 Public and publicly guaranteed 630.4 797.7 715.5 662.3 712.5 737.9 671.3 695.0 Official creditors 597.4 766.2 714.7 662.3 712.5 737.9 671.3 695.0 Multilateral 273.3 369.6 390.5 390.6 436.4 477.6 449.6 471.8 Concessional 244.3 340.0 377.4 382.7 429.0 471.2 444.0 465.8 Bilateral 324.1 396.7 324.2 271.7 276.1 260.3 221.7 223.2 Concessional 148.2 224.6 229.3 224.5 237.8 237.3 209.6 211.9 Private creditors 32.9 31.5 0.8 0.0 0.0 0.0 0.0 0.0 of which: Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks and other 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 145.5 209.9 227.6 237.1 267.3 300.5 283.9 297.0 Public sector LDOD 630.4 797.7 715.5 662.3 712.5 737.9 671.3 695.0 Private sector LDOD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 DISBURSEMENTS 36.5 21.1 13.6 6.0 19.5 30.8 18.2 12.6 Public and publicly guaranteed 36.5 21.1 13.6 6.0 19.5 30.8 18.2 12.6 Official creditors 36.5 21.1 13.6 6.0 19.5 30.8 18.2 12.6 Multilateral 30.3 18.8 13.6 6.0 19.5 30.8 18.2 12.6 Concessional 30.3 18.5 13.6 6.0 19.5 30.8 18.2 12.6 Bilateral 6.2 2.3 0.0 0.0 0.0 0.0 0.0 0.0 Concessional 6.2 2.3 0.0 0.0 0.0 0.0 0.0 0.0 Private creditors 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 of which: Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks and other 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 15.5 8.8 13.6 3.8 11.7 24.9 10.7 5.5 PRINCIPAL REPAYMENTS 2.3 8.1 9.4 5.7 5.8 29.5 20.8 20.7 Public and publicly guaranteed 2.3 8.1 9.4 5.7 5.8 29.5 20.8 20.7 Official creditors 2.3 8.0 9.4 5.7 5.8 29.5 20.8 20.7 Multilateral 1.5 7.8 2.7 1.6 1.8 2.4 1.4 10.2 Concessional 0.6 4.0 2.7 0.4 0.4 1.2 1.3 10.1 Bilateral 0.8 0.2 6.7 4.2 4.1 27.1 19.4 10.5 Concessional 0.3 0.2 0.0 4.2 4.1 10.9 9.6 9.5 Private creditors 0.1 0.2 0.0 0.0 0.0 0.0 0.0 0.0 of which: Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks and other 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 0.1 0.9 2.4 0.0 0.1 0.0 0.0 5.8 INTEREST PAYMENTS (LINT) 3.4 5.7 9.6 3.2 4.1 9.9 8.6 9.2 Public and publicly guaranteed 3.4 5.7 9.6 3.2 4.1 9.9 8.6 9.2 Official creditors 3.1 5.6 9.6 3.2 4.1 9.9 8.6 9.2 Multilateral 2.6 4.4 1.7 0.6 1.5 2.4 2.2 3.3 Concessional 1.8 3.0 1.7 0.5 1.4 2.3 2.2 3.3 Bilateral 0.6 1.2 7.9 2.6 2.6 7.5 6.4 5.9 Concessional 0.3 0.3 0.0 2.6 2.6 6.0 5.8 5.7 Private creditors 0.3 0.0 0.0 0.0 0.0 0.0 0.0 0.0 of which: Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks and other 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 1.1 1.6 1.6 0.4 0.9 1.6 1.4 2.0 181 GUINEA-BISSAU (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 6. CURRENCY COMPOSITION OF PUBLIC AND PUBLICLY GUARANTEED DEBT (PERCENT) Euro .. .. .. 11.4 12.3 12.5 11.7 12.3 Japanese yen 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Pound sterling 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Swiss franc 8.6 6.6 12.7 10.6 9.1 7.5 5.8 5.9 U.S.dollars 27.3 38.1 37.9 43.3 43.6 45.5 47.5 46.7 7. DEBT RESTRUCTURINGS Total amount rescheduled 16.1 13.7 0.0 5.9 6.2 0.0 0.0 0.0 Debt stock rescheduled 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal rescheduled 8.2 0.0 0.0 4.5 5.5 0.0 0.0 0.0 Official 3.8 0.0 0.0 4.5 5.5 0.0 0.0 0.0 Private 4.4 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Interest rescheduled 6.8 0.0 0.0 1.5 1.5 0.0 0.0 0.0 Official 3.7 0.0 0.0 1.5 1.5 0.0 0.0 0.0 Private 3.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Debt forgiven 4.5 11.0 92.0 19.6 22.2 7.7 8.3 0.0 Memo: interest forgiven 0.6 3.7 32.5 6.3 5.4 1.2 1.2 0.0 Debt stock reduction 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 of which debt buyback 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 8. DEBT STOCK-FLOW RECONCILIATION Total change in debt stocks 98.9 45.8 -129.3 31.1 45.7 19.8 -72.3 18.6 Net flows on debt 45.7 13.2 22.5 -5.3 6.8 -5.1 -6.7 -13.8 Cross-currency valuation 35.1 11.3 -20.3 44.7 40.7 22.2 -49.6 24.0 9. AVERAGE TERMS OF NEW COMMITMENTS ALL CREDITORS Interest (%) 2.2 0.8 0.9 0.8 0.0 0.8 0.5 0.0 Maturity (years) 28.1 39.8 37.9 41.2 0.0 39.7 40.3 40.0 Grace period (years) 10.4 10.3 9.8 10.1 0.0 10.2 10.6 1.0 Grant element (%) 61.8 80.7 77.6 80.8 0.0 80.5 83.3 75.8 Official creditors Interest (%) 2.2 0.8 0.9 0.8 0.0 0.8 0.5 0.0 Maturity (years) 28.1 39.8 37.9 41.2 0.0 39.7 40.3 40.0 Grace period (years) 10.4 10.3 9.8 10.1 0.0 10.2 10.6 1.0 Grant element (%) 61.8 80.7 77.6 80.8 0.0 80.5 83.3 75.8 Private creditors Interest (%) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Maturity (years) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Grace period (years) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Grant element (%) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 10. CONTRACTUAL OBLIGATIONS ON OUTSTANDING LONG-TERM DEBT 2007 2008 2009 2010 2011 2012 2013 2014 TOTAL Principal 21.2 21.8 20.7 21.2 21.1 21.5 22.1 21.8 Interest 9.3 9.0 8.6 8.3 8.0 7.8 7.6 7.3 Official creditors Principal 21.2 21.8 20.7 21.2 21.1 21.5 22.1 21.8 Interest 9.3 9.0 8.6 8.3 8.0 7.8 7.6 7.3 Bilateral creditors Principal 8.7 8.3 6.8 6.2 5.2 4.4 4.8 5.2 Interest 5.7 5.4 5.1 4.9 4.7 4.6 4.4 4.3 Multilateral creditors Principal 12.6 13.5 13.9 15.0 16.0 17.2 17.3 16.6 Interest 3.6 3.6 3.5 3.5 3.4 3.3 3.1 3.0 Private creditors Principal 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Interest 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Notes: Data on long-term public and publicly guaranteed debt for 2006 are World Bank staff estimates. 182 GUYANA (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 1. SUMMARY DEBT DATA TOTAL DEBT STOCKS (EDT) 1,960 2,116 1,364 1,372 1,432 1,363 1,216 1,162 Long-term debt (LDOD) 1,773 1,794 1,128 1,148 1,219 1,143 1,043 944 Public and publicly guaranteed 1,773 1,794 1,124 1,145 1,217 1,141 1,041 944 Private nonguaranteed 0 0 4 3 3 2 2 0 Use of IMF credit 113 172 117 96 95 88 91 56 Short-term debt 75 150 119 128 118 131 82 162 of which interest arrears on LDOD 63 133 67 83 91 100 82 86 Official creditors 40 114 59 61 64 71 73 76 Private creditors 23 19 8 22 27 29 9 10 Memorandum items Principal arrears on LDOD 184 114 65 63 63 70 66 76 Official creditors 80 76 51 48 47 53 58 67 Private creditors 104 38 15 15 16 17 8 8 TOTAL DEBT FLOWS Disbursements 264 59 73 48 78 83 131 136 Long-term debt 159 45 64 41 69 74 104 109 IMF purchases 104 14 9 7 8 9 27 27 Principal repayments 175 74 39 34 36 33 24 17 Long-term debt 69 50 23 25 28 27 16 17 IMF repurchases 107 24 17 9 8 6 8 0 Net flows on debt 256 -8 21 22 24 53 76 196 of which short-term debt 167 7 -13 8 -17 4 -31 76 Interest payments (INT) 120 35 30 30 22 14 11 16 Long-term debt 73 31 26 28 21 13 10 14 IMF charges 40 3 1 0 0 0 0 0 Short-term debt 7 1 3 1 0 1 1 2 Net transfers on debt 135 -43 -9 -8 3 39 66 179 Total debt service paid (TDS) 295 109 69 64 58 48 34 33 Long-term debt 142 82 49 53 49 41 26 31 IMF repurchases and charges 146 26 17 9 9 7 8 0 Short-term debt (interest only) 7 1 3 1 0 1 1 2 2. OTHER NET RESOURCE FLOWS (LONG-TERM) Net flow of long-term debt (ex. IMF) 91 -5 41 16 41 47 88 92 Foreign direct investment (net) 8 74 67 44 26 30 77 102 Portfolio equity flows 0 0 0 0 0 0 0 0 Grants (excluding technical coop.) 74 21 39 19 8 76 80 274 of which: Debt forgiveness grants .. .. 12 4 4 27 35 223 IDA grants .. .. .. 0 0 0 1 12 Memo: technical coop. grants 9 16 18 21 33 25 29 35 Interest on long-term debt 73 31 26 28 21 13 10 14 Profit remittances on FDI 0 0 6 4 2 3 7 9 3. MAJOR ECONOMIC AGGREGATES Gross national income (GNI) 275 567 661 667 691 676 746 862 Exports of goods, serv. & inc. (XGS) .. 641 711 721 769 902 898 963 Worker remit. & comp. of employees 0 2 27 51 99 153 201 218 Imports of goods & services (MGS) .. 838 813 773 757 843 960 1,057 International reserves (RES) 29 269 305 284 276 232 252 280 Current account balance .. -135 -82 -62 -45 -20 -96 -112 4. DEBT INDICATORS EDT / XGS (%) .. 329.9 191.9 190.2 186.3 151.1 135.4 120.6 EDT / GNI (%) 712.5 373.1 206.6 205.6 207.2 201.7 163.1 134.8 TDS / XGS (%) .. 17.0 9.7 8.9 7.5 5.3 3.8 3.4 INT / XGS (%) .. 5.4 4.2 4.2 2.8 1.6 1.2 1.7 INT / GNI (%) 43.7 6.2 4.5 4.5 3.1 2.1 1.4 1.9 RES / EDT (%) 1.5 12.7 22.3 20.7 19.3 17.0 20.7 24.1 RES / MGS (months) .. 3.9 4.5 4.4 4.4 3.3 3.1 3.2 Short-term / EDT (%) 3.8 7.1 8.7 9.3 8.2 9.6 6.7 14.0 Concessional / EDT (%) 56.8 60.5 72.7 74.1 76.1 78.3 81.3 77.1 Multilateral / EDT (%) 23.9 30.2 43.9 50.1 54.3 62.6 70.0 62.0 183 GUYANA (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 5. LONG-TERM DEBT DEBT OUTSTANDING (LDOD) 1,773 1,794 1,128 1,148 1,219 1,143 1,043 944 Public and publicly guaranteed 1,773 1,794 1,124 1,145 1,217 1,141 1,041 944 Official creditors 1,601 1,709 1,079 1,092 1,163 1,124 1,033 936 Multilateral 468 639 599 687 778 852 851 720 Concessional 291 498 553 646 742 824 835 707 Bilateral 1,134 1,070 480 405 385 272 182 216 Concessional 822 782 440 369 349 244 154 189 Private creditors 172 86 45 53 54 17 9 8 of which: Bonds 0 29 27 28 29 0 0 0 Commercial banks 104 37 6 13 13 4 4 4 Private nonguaranteed 0 0 4 3 3 2 2 0 Bonds 0 0 0 0 0 0 0 0 Commercial banks and other 0 0 4 3 3 2 2 0 Memo: IBRD 59 35 8 3 1 0 0 0 IDA 93 203 180 196 232 246 226 9 Public sector LDOD 1,773 1,794 1,124 1,145 1,217 1,141 1,041 944 Private sector LDOD 0 0 4 3 3 2 2 0 DISBURSEMENTS 159 45 64 41 69 74 104 109 Public and publicly guaranteed 159 45 64 41 69 74 104 109 Official creditors 153 45 64 41 69 74 104 109 Multilateral 122 41 64 39 69 74 71 77 Concessional 109 41 64 37 69 74 71 77 Bilateral 31 4 0 2 0 0 33 32 Concessional 19 3 0 2 0 0 33 32 Private creditors 6 0 0 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 Commercial banks and other 0 0 0 0 0 0 0 0 Memo: IBRD 0 0 0 0 0 0 0 0 IDA 54 18 6 6 20 7 2 0 PRINCIPAL REPAYMENTS 69 50 23 25 28 27 16 17 Public and publicly guaranteed 69 50 22 25 28 27 15 17 Official creditors 46 40 22 24 27 27 15 16 Multilateral 42 24 18 14 17 17 11 15 Concessional 6 6 6 5 8 8 8 11 Bilateral 4 16 4 10 10 9 4 2 Concessional 0 5 1 10 10 9 3 2 Private creditors 22 10 0 1 1 0 0 0 of which: Bonds 1 0 0 0 0 0 0 0 Commercial banks 8 2 0 0 1 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 Commercial banks and other 0 0 0 0 0 0 0 0 Memo: IBRD 31 6 3 3 2 1 0 0 IDA 0 1 1 0 1 1 1 2 INTEREST PAYMENTS (LINT) 73 31 26 28 21 13 10 14 Public and publicly guaranteed 73 31 26 28 20 13 10 14 Official creditors 64 30 26 26 19 13 10 14 Multilateral 58 18 10 9 10 10 10 12 Concessional 8 6 6 6 7 8 9 11 Bilateral 6 12 16 17 9 3 0 3 Concessional 3 8 15 17 9 3 0 3 Private creditors 9 1 0 2 2 0 0 0 of which: Bonds 0 0 0 2 1 0 0 0 Commercial banks 5 1 0 0 0 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 Commercial banks and other 0 0 0 0 0 0 0 0 Memo: IBRD 31 3 1 0 0 0 0 0 IDA 0 1 1 1 1 2 2 1 184 GUYANA (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 6. CURRENCY COMPOSITION OF PUBLIC AND PUBLICLY GUARANTEED DEBT (PERCENT) Euro .. .. .. 5.5 6.0 4.3 2.1 2.7 Japanese yen 0.3 0.2 0.0 0.0 0.0 0.0 0.0 0.0 Pound sterling 10.4 9.1 5.6 5.5 4.1 0.9 0.2 0.2 Swiss franc 0.1 0.1 0.0 0.0 0.0 0.0 0.0 0.0 U.S.dollars 68.0 64.9 69.3 66.9 69.2 73.5 74.3 69.1 7. DEBT RESTRUCTURINGS Total amount rescheduled 474 1 0 0 0 1 79 0 Debt stock rescheduled 320 0 0 0 0 0 17 0 Principal rescheduled 89 1 0 0 0 0 53 0 Official 88 0 0 0 0 0 53 0 Private 0 0 0 0 0 0 0 0 Interest rescheduled 38 0 0 0 0 0 3 0 Official 37 0 0 0 0 0 3 0 Private 0 0 0 0 0 0 0 0 Debt forgiven 31 0 5 5 22 6 14 7 Memo: interest forgiven 1 0 0 5 5 7 21 4 Debt stock reduction 0 0 0 0 0 115 129 221 of which debt buyback 0 0 0 0 0 0 0 0 8. DEBT STOCK-FLOW RECONCILIATION Total change in debt stocks 303 67 -48 62 61 -70 -147 -54 Net flows on debt 256 -8 21 22 24 53 76 196 Cross-currency valuation 43 -44 -61 38 48 24 -39 -210 9. AVERAGE TERMS OF NEW COMMITMENTS ALL CREDITORS Interest (%) 1.3 3.0 2.0 2.0 3.0 1.4 1.3 1.9 Maturity (years) 39.7 37.1 40.0 39.7 29.7 33.8 30.5 29.8 Grace period (years) 9.9 9.9 10.5 10.5 8.5 8.7 9.2 7.6 Grant element (%) 74.9 60.5 69.6 69.8 55.9 69.0 69.1 61.9 Official creditors Interest (%) 1.3 1.5 2.0 2.0 3.0 1.4 1.3 1.9 Maturity (years) 39.7 38.7 40.0 39.7 29.7 33.8 30.5 29.8 Grace period (years) 9.9 10.4 10.5 10.5 8.5 8.7 9.2 7.6 Grant element (%) 74.9 73.3 69.6 69.8 55.9 69.0 69.1 61.9 Private creditors Interest (%) 0.0 8.8 0.0 0.0 0.0 0.0 0.0 0.0 Maturity (years) 0.0 31.0 0.0 0.0 0.0 0.0 0.0 0.0 Grace period (years) 0.0 8.0 0.0 0.0 0.0 0.0 0.0 0.0 Grant element (%) 0.0 9.6 0.0 0.0 0.0 0.0 0.0 0.0 10. CONTRACTUAL OBLIGATIONS ON OUTSTANDING LONG-TERM DEBT 2007 2008 2009 2010 2011 2012 2013 2014 TOTAL Principal 45 43 41 40 42 36 39 40 Interest 19 19 19 18 18 17 17 16 Official creditors Principal 45 43 41 40 42 36 39 40 Interest 19 19 19 18 18 17 17 16 Bilateral creditors Principal 22 20 16 15 15 8 8 8 Interest 4 3 3 2 2 2 2 2 Multilateral creditors Principal 23 23 24 25 27 28 31 32 Interest 16 16 16 16 16 15 15 14 Private creditors Principal 0 0 0 0 0 0 0 0 Interest 0 0 0 0 0 0 0 0 Notes: Guyana was granted debt relief effective in 2006 under the Multilateral Debt Relief Initiative. Bonds totaling US$28.8 million were transferred to domestic debt in 2004. 185 HAITI (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 1. SUMMARY DEBT DATA TOTAL DEBT STOCKS (EDT) 890 738 953 1,016 1,088 1,044 1,034 1,189 Long-term debt (LDOD) 752 683 824 831 953 958 987 1,034 Public and publicly guaranteed 752 683 824 831 953 958 987 1,034 Private nonguaranteed 0 0 0 0 0 0 0 0 Use of IMF credit 38 29 39 31 18 11 21 32 Short-term debt 101 27 90 154 117 75 25 123 of which interest arrears on LDOD 24 1 1 8 21 28 12 15 Official creditors 14 1 1 8 21 28 12 15 Private creditors 10 0 0 0 0 0 0 0 Memorandum items Principal arrears on LDOD 43 2 2 17 39 55 20 23 Official creditors 14 2 2 17 39 55 20 23 Private creditors 29 0 0 0 0 0 0 0 TOTAL DEBT FLOWS Disbursements 43 79 43 4 36 19 75 75 Long-term debt 37 54 43 4 36 19 60 60 IMF purchases 5 25 0 0 0 0 15 15 Principal repayments 21 66 22 17 37 57 34 36 Long-term debt 8 34 16 8 23 50 29 31 IMF repurchases 12 32 6 9 15 7 5 4 Net flows on debt 38 26 15 -48 -51 -87 7 134 of which short-term debt 16 13 -6 -35 -51 -49 -34 95 Interest payments (INT) 15 31 19 12 16 25 18 21 Long-term debt 6 24 13 8 14 23 16 17 IMF charges 3 5 1 1 0 0 0 1 Short-term debt 7 2 5 3 1 2 1 3 Net transfers on debt 23 -5 -4 -59 -67 -112 -11 113 Total debt service paid (TDS) 36 97 41 29 53 82 51 57 Long-term debt 15 58 29 16 37 72 45 48 IMF repurchases and charges 15 37 7 10 15 7 5 6 Short-term debt (interest only) 7 2 5 3 1 2 1 3 2. OTHER NET RESOURCE FLOWS (LONG-TERM) Net flow of long-term debt (ex. IMF) 29 21 26 -4 14 -31 30 29 Foreign direct investment (net) 8 7 13 6 14 6 26 160 Portfolio equity flows 0 0 0 0 0 0 0 0 Grants (excluding technical coop.) 65 512 91 81 108 202 324 301 of which: Debt forgiveness grants .. .. 1 1 1 1 1 1 IDA grants .. .. .. 0 0 0 23 10 Memo: technical coop. grants 66 112 91 78 87 89 129 195 Interest on long-term debt 6 24 13 8 14 23 16 17 Profit remittances on FDI 0 4 0 0 0 0 0 0 3. MAJOR ECONOMIC AGGREGATES Gross national income (GNI) 2,836 2,919 3,863 3,474 2,986 3,918 4,385 4,331 Exports of goods, serv. & inc. (XGS) 325 192 1,082 1,097 1,281 1,442 1,585 1,787 Worker remit. & comp. of employees 61 109 578 676 811 932 985 1,070 Imports of goods & services (MGS) 540 832 1,378 1,264 1,431 1,559 1,799 2,098 International reserves (RES) 10 199 183 82 63 115 134 254 Current account balance -22 -87 -114 -89 -45 -56 54 1 4. DEBT INDICATORS EDT / XGS (%) 273.9 383.9 88.1 92.6 84.9 72.4 65.2 66.5 EDT / GNI (%) 31.4 25.3 24.7 29.2 36.4 26.7 23.6 27.5 TDS / XGS (%) 11.1 50.4 3.8 2.6 4.2 5.7 3.2 3.2 INT / XGS (%) 4.7 16.3 1.7 1.1 1.3 1.7 1.1 1.2 INT / GNI (%) 0.5 1.1 0.5 0.3 0.5 0.6 0.4 0.5 RES / EDT (%) 1.1 26.9 19.1 8.1 5.8 11.0 12.9 21.4 RES / MGS (months) 0.2 2.9 1.6 0.8 0.5 0.9 0.9 1.5 Short-term / EDT (%) 11.3 3.6 9.5 15.2 10.8 7.2 2.4 10.4 Concessional / EDT (%) 78.6 92.3 86.3 81.8 84.1 88.2 91.9 83.7 Multilateral / EDT (%) 52.6 72.1 72.1 68.9 69.3 72.4 76.1 70.2 186 HAITI (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 5. LONG-TERM DEBT DEBT OUTSTANDING (LDOD) 752 683 824 831 953 958 987 1,034 Public and publicly guaranteed 752 683 824 831 953 958 987 1,034 Official creditors 705 683 824 831 953 958 987 1,034 Multilateral 468 533 687 700 754 756 786 835 Concessional 468 533 687 700 754 756 786 835 Bilateral 236 150 136 131 199 202 201 199 Concessional 231 149 136 131 161 165 163 161 Private creditors 47 0 0 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 47 0 0 0 0 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 Commercial banks and other 0 0 0 0 0 0 0 0 Memo: IBRD 0 0 0 0 0 0 0 0 IDA 297 307 261 267 274 256 238 238 Public sector LDOD 752 683 824 831 953 958 987 1,034 Private sector LDOD 0 0 0 0 0 0 0 0 DISBURSEMENTS 37 54 43 4 36 19 60 60 Public and publicly guaranteed 37 54 43 4 36 19 60 60 Official creditors 37 54 43 4 36 19 60 60 Multilateral 26 53 43 4 36 19 60 60 Concessional 26 53 43 4 36 19 60 60 Bilateral 11 1 0 0 0 0 0 0 Concessional 11 1 0 0 0 0 0 0 Private creditors 0 0 0 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 Commercial banks and other 0 0 0 0 0 0 0 0 Memo: IBRD 0 0 0 0 0 0 0 0 IDA 13 0 0 0 0 0 0 0 PRINCIPAL REPAYMENTS 8 34 16 8 23 50 29 31 Public and publicly guaranteed 8 34 16 8 23 50 29 31 Official creditors 8 34 16 8 23 50 29 31 Multilateral 5 30 13 4 22 44 23 27 Concessional 5 30 13 4 22 44 23 27 Bilateral 3 3 4 4 1 5 6 4 Concessional 3 3 4 4 1 4 4 3 Private creditors 0 0 0 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 Commercial banks and other 0 0 0 0 0 0 0 0 Memo: IBRD 0 0 0 0 0 0 0 0 IDA 1 10 5 0 0 31 9 9 INTEREST PAYMENTS (LINT) 6 24 13 8 14 23 16 17 Public and publicly guaranteed 6 24 13 8 14 23 16 17 Official creditors 6 24 13 8 14 23 16 17 Multilateral 5 23 8 3 13 19 12 13 Concessional 5 23 8 3 13 19 12 13 Bilateral 1 1 5 5 1 4 4 4 Concessional 1 1 5 5 1 2 2 2 Private creditors 0 0 0 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 Commercial banks and other 0 0 0 0 0 0 0 0 Memo: IBRD 0 0 0 0 0 0 0 0 IDA 2 9 2 0 0 8 2 2 187 HAITI (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 6. CURRENCY COMPOSITION OF PUBLIC AND PUBLICLY GUARANTEED DEBT (PERCENT) Euro .. .. .. 2.6 4.4 4.4 4.5 4.7 Japanese yen 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Pound sterling 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Swiss franc 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 U.S.dollars 69.9 74.7 77.3 77.9 77.6 78.1 79.5 80.6 7. DEBT RESTRUCTURINGS Total amount rescheduled 0 108 0 0 0 0 0 0 Debt stock rescheduled 0 0 0 0 0 0 0 0 Principal rescheduled 0 71 0 0 0 0 0 0 Official 0 4 0 0 0 0 0 0 Private 0 67 0 0 0 0 0 0 Interest rescheduled 0 17 0 0 0 0 0 0 Official 0 1 0 0 0 0 0 0 Private 0 16 0 0 0 0 0 0 Debt forgiven 0 8 0 0 0 0 0 0 Memo: interest forgiven 0 3 0 0 0 0 0 0 Debt stock reduction 0 0 0 0 0 0 0 0 of which debt buyback 0 0 0 0 0 0 0 0 8. DEBT STOCK-FLOW RECONCILIATION Total change in debt stocks 57 36 -8 -25 72 -44 -11 155 Net flows on debt 38 26 15 -48 -51 -87 7 134 Cross-currency valuation 21 -10 -18 17 13 16 -10 12 9. AVERAGE TERMS OF NEW COMMITMENTS ALL CREDITORS Interest (%) 1.8 1.8 0.0 0.8 0.0 1.0 1.0 0.0 Maturity (years) 38.3 40.0 0.0 39.7 0.0 40.0 40.0 0.0 Grace period (years) 10.5 10.5 0.0 10.2 0.0 10.5 10.5 0.0 Grant element (%) 71.1 71.7 0.0 80.5 0.0 78.6 78.6 0.0 Official creditors Interest (%) 1.8 1.8 0.0 0.8 0.0 1.0 1.0 0.0 Maturity (years) 38.3 40.0 0.0 39.7 0.0 40.0 40.0 0.0 Grace period (years) 10.5 10.5 0.0 10.2 0.0 10.5 10.5 0.0 Grant element (%) 71.1 71.7 0.0 80.5 0.0 78.6 78.6 0.0 Private creditors Interest (%) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Maturity (years) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Grace period (years) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Grant element (%) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 10. CONTRACTUAL OBLIGATIONS ON OUTSTANDING LONG-TERM DEBT 2007 2008 2009 2010 2011 2012 2013 2014 TOTAL Principal 41 44 43 44 42 43 43 46 Interest 19 19 19 18 17 17 16 15 Official creditors Principal 41 44 43 44 42 43 43 46 Interest 19 19 19 18 17 17 16 15 Bilateral creditors Principal 10 11 11 11 10 10 10 10 Interest 5 5 4 4 4 3 3 3 Multilateral creditors Principal 31 33 32 32 32 33 33 36 Interest 14 15 14 14 14 13 13 12 Private creditors Principal 0 0 0 0 0 0 0 0 Interest 0 0 0 0 0 0 0 0 Notes: Data on long-term public and publicly guaranteed debt as of end-September 2006 are based on reports provided by the country and World Bank staff estimates. As Haiti is a fiscal year country (Oct-Sep), implementation of December 2006 Paris Club agreement will be included in the next cycle. 188 HONDURAS (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 1. SUMMARY DEBT DATA TOTAL DEBT STOCKS (EDT) 3,718 4,797 5,360 5,247 5,469 6,040 5,182 4,076 Long-term debt (LDOD) 3,487 4,316 4,771 4,526 4,834 5,400 4,601 3,512 Public and publicly guaranteed 3,420 4,193 4,211 4,059 4,423 4,832 4,092 2,986 Private nonguaranteed 66 123 560 468 411 568 509 527 Use of IMF credit 32 99 216 197 172 195 168 31 Short-term debt 199 382 374 524 463 445 412 533 of which interest arrears on LDOD 89 63 35 45 61 54 13 10 Official creditors 34 31 9 34 50 44 10 6 Private creditors 55 31 26 11 11 10 3 4 Memorandum items Principal arrears on LDOD 190 197 72 73 159 223 48 49 Official creditors 63 108 15 45 116 121 25 25 Private creditors 128 90 56 27 43 102 23 24 TOTAL DEBT FLOWS Disbursements 457 379 618 288 309 666 489 351 Long-term debt 429 349 596 288 309 636 474 336 IMF purchases 29 31 21 0 0 30 15 15 Principal repayments 211 376 259 291 316 205 277 201 Long-term debt 176 332 254 256 276 196 261 201 IMF repurchases 35 44 5 35 41 9 15 0 Net flows on debt 129 66 296 156 -84 450 220 274 of which short-term debt -117 62 -63 159 -76 -11 8 124 Interest payments (INT) 178 231 131 100 94 109 103 124 Long-term debt 157 209 106 87 84 98 83 102 IMF charges 6 5 4 2 1 1 1 0 Short-term debt 15 18 20 11 9 11 19 23 Net transfers on debt -49 -165 165 56 -178 341 117 150 Total debt service paid (TDS) 389 607 389 391 411 314 380 325 Long-term debt 333 541 360 343 359 294 344 302 IMF repurchases and charges 41 48 9 37 42 10 16 0 Short-term debt (interest only) 15 18 20 11 9 11 19 23 2. OTHER NET RESOURCE FLOWS (LONG-TERM) Net flow of long-term debt (ex. IMF) 252 17 342 32 34 440 213 135 Foreign direct investment (net) 44 50 282 175 247 325 372 385 Portfolio equity flows 0 0 0 0 0 0 0 0 Grants (excluding technical coop.) 211 123 186 180 127 242 954 1,435 of which: Debt forgiveness grants .. .. 43 24 0 76 752 1,262 IDA grants .. .. .. 37 0 0 0 0 Memo: technical coop. grants 93 85 122 125 100 114 108 91 Interest on long-term debt 157 209 106 87 84 98 83 102 Profit remittances on FDI 72 40 70 108 174 290 321 353 3. MAJOR ECONOMIC AGGREGATES Gross national income (GNI) 2,797 3,649 5,801 6,308 6,596 7,084 7,941 8,925 Exports of goods, serv. & inc. (XGS) 1,103 1,787 3,019 3,277 3,587 4,298 5,386 6,333 Worker remit. & comp. of employees 63 124 416 718 867 1,151 1,796 2,367 Imports of goods & services (MGS) 1,384 2,111 3,529 3,674 4,026 4,871 5,559 6,520 International reserves (RES) 47 270 1,319 1,531 1,439 1,980 2,338 2,642 Current account balance -51 -201 -273 -260 -304 -478 -132 -195 4. DEBT INDICATORS EDT / XGS (%) 337.0 268.4 177.6 160.1 152.5 140.5 96.2 64.4 EDT / GNI (%) 132.9 131.5 92.4 83.2 82.9 85.3 65.3 45.7 TDS / XGS (%) 35.3 34.0 12.9 11.9 11.4 7.3 7.1 5.1 INT / XGS (%) 16.1 12.9 4.3 3.1 2.6 2.5 1.9 2.0 INT / GNI (%) 6.4 6.3 2.3 1.6 1.4 1.5 1.3 1.4 RES / EDT (%) 1.3 5.6 24.6 29.2 26.3 32.8 45.1 64.8 RES / MGS (months) 0.4 1.5 4.5 5.0 4.3 4.9 5.0 4.9 Short-term / EDT (%) 5.4 8.0 7.0 10.0 8.5 7.4 8.0 13.1 Concessional / EDT (%) 37.4 46.4 51.1 58.2 63.5 64.6 66.2 58.6 Multilateral / EDT (%) 42.5 44.9 50.9 50.7 53.3 53.3 61.4 56.0 189 HONDURAS (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 5. LONG-TERM DEBT DEBT OUTSTANDING (LDOD) 3,487 4,316 4,771 4,526 4,834 5,400 4,601 3,512 Public and publicly guaranteed 3,420 4,193 4,211 4,059 4,423 4,832 4,092 2,986 Official creditors 2,978 3,828 4,108 3,979 4,351 4,751 4,038 2,934 Multilateral 1,581 2,153 2,728 2,661 2,917 3,218 3,183 2,282 Concessional 536 1,036 1,766 2,066 2,361 2,689 2,754 1,868 Bilateral 1,396 1,675 1,381 1,317 1,434 1,533 855 652 Concessional 855 1,192 973 989 1,113 1,210 674 521 Private creditors 442 364 102 80 72 81 55 52 of which: Bonds 0 139 0 0 0 0 0 0 Commercial banks 204 82 46 31 26 42 44 43 Private nonguaranteed 66 123 560 468 411 568 509 527 Bonds 0 0 0 0 0 0 0 0 Commercial banks and other 66 123 560 468 411 568 509 527 Memo: IBRD 558 443 151 105 85 70 0 0 IDA 77 386 838 1,014 1,143 1,310 1,353 349 Public sector LDOD 3,313 4,169 4,191 4,059 4,423 4,832 4,092 2,986 Private sector LDOD 173 147 580 468 411 568 509 527 DISBURSEMENTS 429 349 596 288 309 636 474 336 Public and publicly guaranteed 421 287 412 164 201 395 295 204 Official creditors 364 258 409 164 201 381 290 204 Multilateral 190 209 372 127 159 296 253 183 Concessional 54 132 113 118 152 282 246 175 Bilateral 174 49 36 37 42 85 37 20 Concessional 88 45 24 37 42 84 37 20 Private creditors 57 29 4 1 0 15 4 0 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 22 3 1 1 0 15 4 0 Private nonguaranteed 8 62 184 123 108 240 179 133 Bonds 0 0 0 0 0 0 0 0 Commercial banks and other 8 62 184 123 108 240 179 133 Memo: IBRD 82 7 0 0 0 0 0 0 IDA 0 77 38 51 45 125 151 58 PRINCIPAL REPAYMENTS 176 332 254 256 276 196 261 201 Public and publicly guaranteed 151 293 88 90 110 107 135 89 Official creditors 143 266 86 89 104 107 135 86 Multilateral 137 158 86 67 93 86 122 52 Concessional 16 22 22 17 32 39 25 26 Bilateral 6 108 1 22 11 20 13 34 Concessional 2 50 0 15 10 11 11 13 Private creditors 8 27 1 0 6 1 1 3 of which: Bonds 0 13 0 0 0 0 0 0 Commercial banks 4 6 1 0 6 1 1 1 Private nonguaranteed 25 39 166 166 165 89 126 112 Bonds 0 0 0 0 0 0 0 0 Commercial banks and other 25 39 166 166 165 89 126 112 Memo: IBRD 94 58 27 10 21 15 70 0 IDA 2 2 2 6 9 12 8 8 INTEREST PAYMENTS (LINT) 157 209 106 87 84 98 83 102 Public and publicly guaranteed 155 204 75 69 71 87 63 64 Official creditors 150 184 75 69 70 86 63 64 Multilateral 141 103 66 57 59 60 50 46 Concessional 11 14 21 17 24 30 23 24 Bilateral 8 81 8 12 11 26 13 18 Concessional 1 35 5 9 8 23 11 12 Private creditors 6 20 0 0 1 0 0 0 of which: Bonds 0 7 0 0 0 0 0 0 Commercial banks 5 5 0 0 1 0 0 0 Private nonguaranteed 1 5 31 18 13 11 20 37 Bonds 0 0 0 0 0 0 0 0 Commercial banks and other 1 5 31 18 13 11 20 37 Memo: IBRD 96 38 15 10 8 5 3 0 IDA 1 3 6 7 8 9 10 7 190 HONDURAS (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 6. CURRENCY COMPOSITION OF PUBLIC AND PUBLICLY GUARANTEED DEBT (PERCENT) Euro .. .. .. 6.6 7.3 7.6 5.4 4.3 Japanese yen 8.4 9.3 7.9 10.2 9.5 8.6 0.5 0.0 Pound sterling 0.9 0.6 0.4 0.0 0.0 0.0 0.0 0.0 Swiss franc 2.1 1.5 0.9 0.2 0.2 0.1 0.1 0.2 U.S.dollars 45.2 48.3 65.5 64.3 65.2 65.8 72.6 66.0 7. DEBT RESTRUCTURINGS Total amount rescheduled 308 25 161 25 0 79 58 10 Debt stock rescheduled 0 0 0 0 0 0 0 0 Principal rescheduled 151 17 101 17 0 57 48 0 Official 68 7 70 13 0 50 41 0 Private 83 9 31 3 0 7 7 0 Interest rescheduled 140 8 40 7 1 22 13 0 Official 78 4 31 5 1 19 11 0 Private 62 4 9 2 0 3 2 0 Debt forgiven 10 10 14 30 6 42 563 239 Memo: interest forgiven 11 0 5 11 3 19 85 19 Debt stock reduction 41 0 0 0 0 14 116 1,103 of which debt buyback 0 0 0 0 0 0 0 0 8. DEBT STOCK-FLOW RECONCILIATION Total change in debt stocks 332 96 37 331 222 572 -859 -1,105 Net flows on debt 129 66 296 156 -84 450 220 274 Cross-currency valuation 48 -74 -143 174 223 102 -228 -1,102 9. AVERAGE TERMS OF NEW COMMITMENTS ALL CREDITORS Interest (%) 6.5 2.3 5.1 2.6 2.1 1.2 1.3 1.2 Maturity (years) 21.2 29.8 30.9 36.6 25.3 36.1 26.5 29.5 Grace period (years) 5.9 7.3 19.1 9.5 6.7 9.6 9.4 8.6 Grant element (%) 26.5 58.1 42.3 63.2 55.6 73.6 67.8 68.4 Official creditors Interest (%) 6.1 2.3 5.1 2.6 2.1 1.2 1.3 1.2 Maturity (years) 22.7 29.8 30.9 36.6 25.3 36.1 26.3 29.5 Grace period (years) 6.5 7.3 19.1 9.5 6.7 9.6 9.4 8.6 Grant element (%) 29.3 58.3 42.3 63.2 55.6 73.6 67.8 68.4 Private creditors Interest (%) 9.9 8.4 4.1 0.0 0.0 0.0 1.7 0.0 Maturity (years) 7.1 28.6 7.6 0.0 0.0 0.0 50.0 0.0 Grace period (years) 0.6 1.1 3.1 0.0 0.0 0.0 10.5 0.0 Grant element (%) -0.8 9.6 22.4 0.0 0.0 0.0 74.6 0.0 10. CONTRACTUAL OBLIGATIONS ON OUTSTANDING LONG-TERM DEBT 2007 2008 2009 2010 2011 2012 2013 2014 TOTAL Principal 282 213 198 165 160 152 149 144 Interest 115 104 95 88 81 76 71 66 Official creditors Principal 141 116 111 114 119 121 123 123 Interest 83 80 78 76 73 69 66 63 Bilateral creditors Principal 64 45 36 33 31 33 35 34 Interest 19 17 16 15 15 14 13 13 Multilateral creditors Principal 76 70 76 81 88 89 88 89 Interest 64 63 62 60 58 55 53 51 Private creditors Principal 141 97 87 51 41 31 26 21 Interest 32 23 17 12 9 6 4 3 Notes: Honduras was granted debt relief effective in 2006 under the Multilateral Debt Relief Initiative. Rescheduling: Debt data include the effects of Paris Club debt restructuring agreement signed in 2005. 191 HUNGARY (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 1. SUMMARY DEBT DATA TOTAL DEBT STOCKS (EDT) 21,201 31,650 29,520 34,958 47,507 63,527 66,119 107,677 Long-term debt (LDOD) 17,931 28,063 25,368 29,289 38,491 51,197 53,725 92,698 Public and publicly guaranteed 17,931 23,974 14,355 13,551 16,473 21,093 21,216 28,017 Private nonguaranteed 0 4,089 11,014 15,738 22,018 30,103 32,509 64,681 Use of IMF credit 330 385 0 0 0 0 0 0 Short-term debt 2,941 3,203 4,152 5,668 9,016 12,330 12,394 14,979 of which interest arrears on LDOD 0 0 0 0 0 0 0 0 Official creditors 0 0 0 0 0 0 0 0 Private creditors 0 0 0 0 0 0 0 0 Memorandum items Principal arrears on LDOD 0 5 0 0 0 0 0 0 Official creditors 0 0 0 0 0 0 0 0 Private creditors 0 5 0 0 0 0 0 0 TOTAL DEBT FLOWS Disbursements 2,455 6,887 6,283 13,056 17,672 26,839 26,429 64,182 Long-term debt 2,282 6,887 6,283 13,056 17,672 26,839 26,429 64,182 IMF purchases 173 0 0 0 0 0 0 0 Principal repayments 2,546 4,911 6,443 13,560 13,781 15,377 20,997 27,232 Long-term debt 2,216 4,117 6,443 13,560 13,781 15,377 20,997 27,232 IMF repurchases 330 793 0 0 0 0 0 0 Net flows on debt -457 2,783 449 542 6,294 14,776 5,496 39,535 of which short-term debt -366 806 609 1,046 2,520 3,314 64 2,585 Interest payments (INT) 1,678 2,109 1,495 1,230 1,622 2,162 2,513 3,596 Long-term debt 1,528 1,875 1,325 1,100 1,247 1,552 1,893 2,921 IMF charges 35 60 0 0 0 0 0 0 Short-term debt 115 174 170 130 375 610 620 675 Net transfers on debt -2,135 674 -1,045 -688 4,846 12,614 2,983 35,939 Total debt service paid (TDS) 4,224 7,019 7,938 14,790 15,403 17,539 23,509 30,828 Long-term debt 3,745 5,992 7,768 14,660 15,028 16,929 22,889 30,153 IMF repurchases and charges 364 853 0 0 0 0 0 0 Short-term debt (interest only) 115 174 170 130 375 610 620 675 2. OTHER NET RESOURCE FLOWS (LONG-TERM) Net flow of long-term debt (ex. IMF) 66 2,770 -160 -503 3,891 11,462 5,432 36,950 Foreign direct investment (net) 623 4,804 2,770 3,013 2,177 4,521 7,539 6,098 Portfolio equity flows 0 -62 -369 -137 269 1,491 -16 917 Grants (excluding technical coop.) 3 33 147 125 199 254 0 0 of which: Debt forgiveness grants .. .. 0 0 0 0 0 0 IDA grants .. .. .. 0 0 0 0 0 Memo: technical coop. grants 0 158 39 39 52 49 0 0 Interest on long-term debt 1,528 1,875 1,325 1,100 1,247 1,552 1,893 2,921 Profit remittances on FDI 37 180 2,023 3,178 3,597 5,495 5,900 10,208 3. MAJOR ECONOMIC AGGREGATES Gross national income (GNI) 31,601 42,967 45,390 62,958 80,210 96,168 103,986 104,820 Exports of goods, serv. & inc. (XGS) 12,315 20,754 35,881 43,485 53,563 68,482 76,972 93,251 Worker remit. & comp. of employees 0 152 281 279 295 307 280 363 Imports of goods & services (MGS) 12,724 22,600 40,189 48,630 60,912 77,312 84,631 101,080 International reserves (RES) 1,185 12,017 11,217 10,383 12,794 15,965 18,603 21,590 Current account balance 379 -1,650 -4,004 -4,693 -6,721 -8,561 -7,463 -7,421 4. DEBT INDICATORS EDT / XGS (%) 172.2 152.5 82.3 80.4 88.7 92.8 85.9 115.5 EDT / GNI (%) 67.1 73.7 65.0 55.5 59.2 66.1 63.6 102.7 TDS / XGS (%) 34.3 33.8 22.1 34.0 28.8 25.6 30.5 33.1 INT / XGS (%) 13.6 10.2 4.2 2.8 3.0 3.2 3.3 3.9 INT / GNI (%) 5.3 4.9 3.3 2.0 2.0 2.2 2.4 3.4 RES / EDT (%) 5.6 38.0 38.0 29.7 26.9 25.1 28.1 20.1 RES / MGS (months) 1.1 6.4 3.3 2.6 2.5 2.5 2.6 2.6 Short-term / EDT (%) 13.9 10.1 14.1 16.2 19.0 19.4 18.7 13.9 Concessional / EDT (%) 0.2 1.3 1.0 0.3 0.7 0.4 1.1 1.1 Multilateral / EDT (%) 11.8 11.1 4.8 4.9 3.3 3.6 3.5 2.6 192 HUNGARY (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 5. LONG-TERM DEBT DEBT OUTSTANDING (LDOD) 17,931 28,063 25,368 29,289 38,491 51,197 53,725 92,698 Public and publicly guaranteed 17,931 23,974 14,355 13,551 16,473 21,093 21,216 28,017 Official creditors 2,656 4,459 1,948 1,924 1,886 2,549 2,533 3,053 Multilateral 2,497 3,511 1,424 1,708 1,591 2,268 2,322 2,852 Concessional 13 0 0 0 131 88 571 1,085 Bilateral 160 947 524 216 295 281 211 201 Concessional 19 415 285 95 203 197 151 143 Private creditors 15,275 19,516 12,407 11,627 14,587 18,545 18,683 24,964 of which: Bonds 4,645 15,814 10,652 10,601 12,385 16,038 16,037 21,365 Commercial banks 9,642 3,372 1,741 1,026 1,708 1,973 2,184 3,083 Private nonguaranteed 0 4,089 11,014 15,738 22,018 30,103 32,509 64,681 Bonds 0 0 188 199 255 467 1,388 4,098 Commercial banks and other 0 4,089 10,826 15,539 21,763 29,636 31,121 60,583 Memo: IBRD 1,512 2,218 582 517 253 220 171 137 IDA 0 0 0 0 0 0 0 0 Public sector LDOD 17,931 23,756 13,874 12,928 15,524 19,099 19,775 26,730 Private sector LDOD 0 4,306 11,495 16,361 22,967 32,097 33,949 65,967 DISBURSEMENTS 2,282 6,887 6,283 13,056 17,672 26,839 26,429 64,182 Public and publicly guaranteed 2,282 4,150 1,115 693 3,510 6,055 6,215 6,627 Official creditors 669 688 135 277 214 650 568 467 Multilateral 654 484 70 276 195 650 568 467 Concessional 0 0 0 0 162 0 532 408 Bilateral 15 204 65 2 19 0 0 0 Concessional 2 204 34 2 19 0 0 0 Private creditors 1,614 3,462 980 415 3,296 5,405 5,647 6,159 of which: Bonds 940 3,102 670 360 2,293 4,776 5,011 5,212 Commercial banks 574 343 310 55 560 630 636 947 Private nonguaranteed 0 2,737 5,168 12,364 14,162 20,784 20,213 57,556 Bonds 0 0 0 0 0 365 997 2,629 Commercial banks and other 0 2,737 5,168 12,364 14,162 20,419 19,216 54,926 Memo: IBRD 268 188 38 1 0 3 3 0 IDA 0 0 0 0 0 0 0 0 PRINCIPAL REPAYMENTS 2,216 4,117 6,443 13,560 13,781 15,377 20,997 27,232 Public and publicly guaranteed 2,216 3,081 2,512 1,463 2,938 2,648 3,372 1,640 Official creditors 145 819 343 248 607 166 238 159 Multilateral 125 723 130 119 537 132 204 126 Concessional 0 0 0 0 45 48 9 0 Bilateral 19 96 213 129 71 34 34 33 Concessional 0 14 184 36 23 21 21 24 Private creditors 2,072 2,262 2,169 1,215 2,331 2,483 3,134 1,481 of which: Bonds 19 982 1,847 1,103 2,228 2,113 3,030 1,432 Commercial banks 1,894 1,094 307 112 103 369 104 49 Private nonguaranteed 0 1,036 3,931 12,097 10,843 12,729 17,624 25,591 Bonds 0 0 0 0 0 152 0 94 Commercial banks and other 0 1,036 3,931 12,097 10,843 12,577 17,624 25,497 Memo: IBRD 108 251 95 64 281 43 42 39 IDA 0 0 0 0 0 0 0 0 INTEREST PAYMENTS (LINT) 1,528 1,875 1,325 1,100 1,247 1,552 1,893 2,921 Public and publicly guaranteed 1,528 1,708 943 693 704 716 843 966 Official creditors 184 303 133 99 111 85 95 113 Multilateral 175 241 95 79 91 72 84 104 Concessional 1 0 0 0 0 0 3 25 Bilateral 9 62 38 19 20 13 11 9 Concessional 1 14 24 10 14 8 7 6 Private creditors 1,344 1,405 810 594 593 631 748 853 of which: Bonds 241 1,129 726 544 537 565 680 755 Commercial banks 1,034 241 83 50 51 54 56 83 Private nonguaranteed 0 166 382 408 543 836 1,049 1,956 Bonds 0 0 18 18 22 23 46 158 Commercial banks and other 0 166 364 390 522 813 1,003 1,798 Memo: IBRD 106 160 42 32 38 12 10 9 IDA 0 0 0 0 0 0 0 0 193 HUNGARY (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 6. CURRENCY COMPOSITION OF PUBLIC AND PUBLICLY GUARANTEED DEBT (PERCENT) Euro .. .. .. 62.8 74.9 76.9 67.3 72.9 Japanese yen 25.4 34.5 26.4 18.9 17.3 12.0 10.9 9.5 Pound sterling 0.3 0.6 0.7 0.8 0.0 4.6 8.1 10.5 Swiss franc 3.9 2.7 0.6 0.6 0.5 0.4 0.8 0.6 U.S.dollars 18.5 10.7 23.3 15.6 6.4 5.6 12.5 6.2 7. DEBT RESTRUCTURINGS Total amount rescheduled 0 0 0 0 0 0 0 0 Debt stock rescheduled 0 0 0 0 0 0 0 0 Principal rescheduled 0 0 0 0 0 0 0 0 Official 0 0 0 0 0 0 0 0 Private 0 0 0 0 0 0 0 0 Interest rescheduled 0 0 0 0 0 0 0 0 Official 0 0 0 0 0 0 0 0 Private 0 0 0 0 0 0 0 0 Debt forgiven 0 0 0 0 0 0 0 0 Memo: interest forgiven 0 0 0 0 0 0 0 0 Debt stock reduction 0 0 0 0 0 0 0 0 of which debt buyback 0 0 0 0 0 0 0 0 8. DEBT STOCK-FLOW RECONCILIATION Total change in debt stocks 805 3,346 -354 4,653 12,549 16,020 2,592 41,558 Net flows on debt -457 2,783 449 542 6,294 14,776 5,496 39,535 Cross-currency valuation 1,113 638 -1,113 1,637 2,057 1,053 -2,574 1,895 9. AVERAGE TERMS OF NEW COMMITMENTS ALL CREDITORS Interest (%) 8.9 6.4 5.2 3.8 3.8 3.8 3.4 3.2 Maturity (years) 9.9 10.4 5.8 8.8 7.9 9.2 10.8 10.0 Grace period (years) 5.1 9.1 4.7 4.4 6.7 6.2 9.9 7.3 Grant element (%) 5.0 21.2 18.2 26.5 30.2 28.9 39.2 35.4 Official creditors Interest (%) 8.4 7.3 4.8 3.8 3.9 3.6 2.4 1.0 Maturity (years) 12.3 13.3 11.9 18.1 12.3 13.8 11.0 23.2 Grace period (years) 5.1 4.0 8.5 4.1 3.0 3.3 10.0 6.6 Grant element (%) 7.6 13.3 31.2 37.2 28.9 34.6 47.9 61.9 Private creditors Interest (%) 9.4 6.3 5.3 3.9 3.8 3.8 3.5 3.6 Maturity (years) 7.2 9.9 5.3 5.0 7.3 9.1 10.7 7.8 Grace period (years) 5.0 9.9 4.4 4.5 7.2 6.2 9.9 7.4 Grant element (%) 2.0 22.4 17.0 22.1 30.3 28.8 37.6 31.0 10. CONTRACTUAL OBLIGATIONS ON OUTSTANDING LONG-TERM DEBT 2007 2008 2009 2010 2011 2012 2013 2014 TOTAL Principal 7,030 9,246 10,399 9,922 9,352 7,702 7,458 7,499 Interest 3,694 3,363 3,003 2,678 2,324 1,980 1,677 1,375 Official creditors Principal 322 484 341 293 216 186 174 160 Interest 148 142 116 102 92 84 76 69 Bilateral creditors Principal 52 35 35 24 7 7 7 7 Interest 7 6 5 4 3 3 2 2 Multilateral creditors Principal 270 448 306 269 210 179 168 154 Interest 142 137 111 98 89 81 74 67 Private creditors Principal 6,708 8,762 10,058 9,630 9,135 7,516 7,284 7,339 Interest 3,546 3,221 2,888 2,576 2,232 1,896 1,601 1,306 Notes: 194 INDIA (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 1. SUMMARY DEBT DATA TOTAL DEBT STOCKS (EDT) 83,628 94,464 99,099 105,020 112,855 124,376 123,128 153,075 Long-term debt (LDOD) 72,462 87,040 95,637 100,927 107,815 116,852 114,340 141,104 Public and publicly guaranteed 70,974 80,422 80,051 82,257 84,640 89,004 80,286 59,570 Private nonguaranteed 1,488 6,618 15,586 18,670 23,174 27,847 34,054 81,535 Use of IMF credit 2,623 2,374 0 0 0 0 0 0 Short-term debt 8,544 5,049 3,462 4,093 5,040 7,524 8,788 11,971 of which interest arrears on LDOD 0 0 0 0 0 0 0 0 Official creditors 0 0 0 0 0 0 0 0 Private creditors 0 0 0 0 0 0 0 0 Memorandum items Principal arrears on LDOD 0 0 0 0 0 0 0 0 Official creditors 0 0 0 0 0 0 0 0 Private creditors 0 0 0 0 0 0 0 0 TOTAL DEBT FLOWS Disbursements 8,344 7,134 10,527 8,128 13,775 21,563 19,614 28,887 Long-term debt 6,590 7,134 10,527 8,128 13,775 21,563 19,614 28,887 IMF purchases 1,754 0 0 0 0 0 0 0 Principal repayments 3,376 8,648 6,686 11,258 14,653 15,874 17,809 10,646 Long-term debt 2,650 6,929 6,661 11,258 14,653 15,874 17,809 10,646 IMF repurchases 726 1,719 25 0 0 0 0 0 Net flows on debt 6,011 -728 3,371 -1,778 69 8,173 3,069 21,424 of which short-term debt 1,043 785 -471 1,351 947 2,484 1,264 3,183 Interest payments (INT) 4,811 4,918 4,182 4,236 5,997 3,376 6,526 7,233 Long-term debt 3,778 4,351 3,996 4,090 5,940 3,187 6,200 6,714 IMF charges 134 182 1 0 0 0 0 0 Short-term debt 899 385 185 146 57 188 326 519 Net transfers on debt 1,200 -5,646 -811 -6,015 -5,928 4,797 -3,457 14,191 Total debt service paid (TDS) 8,187 13,566 10,868 15,494 20,650 19,250 24,335 17,879 Long-term debt 6,429 11,280 10,657 15,348 20,593 19,062 24,009 17,360 IMF repurchases and charges 859 1,901 26 0 0 0 0 0 Short-term debt (interest only) 899 385 185 146 57 188 326 519 2. OTHER NET RESOURCE FLOWS (LONG-TERM) Net flow of long-term debt (ex. IMF) 3,940 206 3,867 -3,129 -878 5,689 1,805 18,241 Foreign direct investment (net) 237 2,144 3,584 5,626 4,323 5,771 6,677 17,453 Portfolio equity flows 0 1,591 2,345 1,022 8,216 9,037 12,144 9,549 Grants (excluding technical coop.) 512 565 466 704 607 882 1,073 873 of which: Debt forgiveness grants .. .. 29 1 2 0 0 0 IDA grants .. .. .. 0 0 0 0 0 Memo: technical coop. grants 341 437 287 328 418 399 366 372 Interest on long-term debt 3,778 4,351 3,996 4,090 5,940 3,187 6,200 6,714 Profit remittances on FDI 0 0 0 2,323 2,413 3,479 4,431 5,278 3. MAJOR ECONOMIC AGGREGATES Gross national income (GNI) 313,262 352,268 455,219 504,469 597,855 690,863 800,092 907,215 Exports of goods, serv. & inc. (XGS) 25,699 45,638 75,196 89,436 109,170 139,307 184,119 231,875 Worker remit. & comp. of employees 2,384 6,223 12,890 15,736 20,999 18,750 21,293 25,426 Imports of goods & services (MGS) 33,220 53,444 80,487 82,839 101,345 139,922 194,167 242,291 International reserves (RES) 5,637 22,865 41,059 71,608 103,737 131,631 137,825 178,050 Current account balance -7,036 -5,563 -4,601 7,059 8,773 780 -7,835 -9,415 4. DEBT INDICATORS EDT / XGS (%) 325.4 207.0 131.8 117.4 103.4 89.3 66.9 66.0 EDT / GNI (%) 26.7 26.8 21.8 20.8 18.9 18.0 15.4 16.9 TDS / XGS (%) 31.9 29.7 14.5 17.3 18.9 13.8 13.2 7.7 INT / XGS (%) 18.7 10.8 5.6 4.7 5.5 2.4 3.5 3.1 INT / GNI (%) 1.5 1.4 0.9 0.8 1.0 0.5 0.8 0.8 RES / EDT (%) 6.7 24.2 41.4 68.2 91.9 105.8 111.9 116.3 RES / MGS (months) 2.0 5.1 6.1 10.4 12.3 11.3 8.5 8.8 Short-term / EDT (%) 10.2 5.3 3.5 3.9 4.5 6.0 7.1 7.8 Concessional / EDT (%) 46.2 45.7 37.9 38.1 37.8 34.5 33.6 28.3 Multilateral / EDT (%) 26.0 31.8 30.7 28.1 26.3 25.4 26.3 22.4 195 INDIA (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 5. LONG-TERM DEBT DEBT OUTSTANDING (LDOD) 72,462 87,040 95,637 100,927 107,815 116,852 114,340 141,104 Public and publicly guaranteed 70,974 80,422 80,051 82,257 84,640 89,004 80,286 59,570 Official creditors 48,337 57,112 50,627 49,804 50,691 51,605 50,985 53,994 Multilateral 21,768 30,048 30,463 29,497 29,719 31,625 32,402 34,332 Concessional 13,657 17,814 19,168 21,328 23,123 24,013 23,704 24,462 Bilateral 26,569 27,065 20,164 20,307 20,972 19,979 18,583 19,662 Concessional 25,006 25,378 18,342 18,675 19,482 18,867 17,631 18,847 Private creditors 22,637 23,310 29,424 32,453 33,949 37,400 29,301 5,576 of which: Bonds 2,613 3,271 10,215 9,987 7,655 8,647 1,229 2,280 Commercial banks 16,130 13,412 18,071 21,887 25,745 28,468 27,915 3,156 Private nonguaranteed 1,488 6,618 15,586 18,670 23,174 27,847 34,054 81,535 Bonds 0 1,020 1,515 1,289 1,136 3,720 6,618 8,571 Commercial banks and other 1,488 5,598 14,071 17,381 22,038 24,128 27,436 72,964 Memo: IBRD 7,685 9,849 7,080 5,082 4,238 4,865 5,557 6,177 IDA 13,312 17,499 18,888 21,011 22,781 23,662 23,368 24,059 Public sector LDOD 70,436 79,963 79,575 81,846 84,281 88,684 80,157 59,459 Private sector LDOD 2,026 7,077 16,062 19,081 23,533 28,168 34,183 81,646 DISBURSEMENTS 6,590 7,134 10,527 8,128 13,775 21,563 19,614 28,887 Public and publicly guaranteed 6,376 5,955 10,227 5,470 8,446 12,594 7,486 7,933 Official creditors 3,572 2,828 3,242 2,900 3,759 3,660 3,742 4,757 Multilateral 2,210 1,942 2,371 1,947 2,544 2,353 2,752 2,600 Concessional 785 736 1,075 901 937 1,038 1,213 958 Bilateral 1,361 886 871 953 1,215 1,306 990 2,157 Concessional 1,129 815 681 824 1,172 1,264 972 2,073 Private creditors 2,804 3,127 6,985 2,570 4,687 8,934 3,743 3,176 of which: Bonds 427 86 5,512 0 1,348 3,710 844 2,700 Commercial banks 1,983 1,719 875 2,569 3,335 5,225 2,899 476 Private nonguaranteed 214 1,179 300 2,658 5,329 8,969 12,128 20,954 Bonds 0 520 0 100 210 2,820 4,225 2,154 Commercial banks and other 214 659 300 2,558 5,119 6,150 7,903 18,800 Memo: IBRD 1,219 589 706 647 892 818 938 890 IDA 762 729 1,054 886 924 1,025 1,197 898 PRINCIPAL REPAYMENTS 2,650 6,929 6,661 11,258 14,653 15,874 17,809 10,646 Public and publicly guaranteed 2,332 6,773 6,412 8,873 12,231 11,939 12,353 5,374 Official creditors 1,237 3,876 3,479 6,727 6,490 2,663 2,316 2,614 Multilateral 609 1,513 1,740 5,267 4,025 895 1,053 1,160 Concessional 128 245 387 468 546 597 635 672 Bilateral 629 2,364 1,739 1,460 2,465 1,768 1,263 1,454 Concessional 558 2,106 1,413 1,133 2,164 1,516 1,107 1,207 Private creditors 1,094 2,896 2,933 2,146 5,741 9,275 10,037 2,760 of which: Bonds 280 319 0 142 4,179 2,733 8,125 1,648 Commercial banks 250 1,797 2,711 1,860 1,498 6,282 1,797 1,094 Private nonguaranteed 318 156 249 2,384 2,422 3,936 5,456 5,272 Bonds 0 0 35 490 358 85 903 0 Commercial banks and other 318 156 214 1,894 2,064 3,851 4,553 5,272 Memo: IBRD 472 943 994 3,031 1,871 201 222 284 IDA 114 226 367 456 532 583 621 658 INTEREST PAYMENTS (LINT) 3,778 4,351 3,996 4,090 5,940 3,187 6,200 6,714 Public and publicly guaranteed 3,643 3,820 3,366 3,055 4,560 2,170 4,787 2,161 Official creditors 1,497 1,867 1,422 1,259 873 783 907 1,198 Multilateral 738 1,061 835 739 456 367 504 696 Concessional 100 135 142 151 164 194 192 187 Bilateral 759 806 588 520 417 416 402 503 Concessional 634 686 469 417 373 360 340 444 Private creditors 2,147 1,953 1,944 1,796 3,687 1,387 3,881 963 of which: Bonds 180 185 143 336 1,388 226 2,639 102 Commercial banks 1,751 1,263 1,739 1,441 2,287 1,152 1,233 856 Private nonguaranteed 135 531 630 1,035 1,379 1,017 1,413 4,552 Bonds 0 56 224 127 65 95 168 528 Commercial banks and other 135 475 406 908 1,314 922 1,245 4,025 Memo: IBRD 615 770 429 341 178 99 195 313 IDA 97 131 139 148 161 190 188 183 196 196 INDIA (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 6. CURRENCY COMPOSITION OF PUBLIC AND PUBLICLY GUARANTEED DEBT (PERCENT) Euro .. .. .. 6.3 5.8 5.1 5.1 7.4 Japanese yen 9.7 14.8 11.8 12.6 14.3 13.2 13.8 19.1 Pound sterling 6.1 4.7 3.9 3.4 3.0 2.7 2.5 3.1 Swiss franc 0.6 0.9 0.3 0.5 0.3 0.3 0.2 0.3 U.S.dollars 60.7 52.4 67.2 71.9 75.1 77.0 76.2 66.7 7. DEBT RESTRUCTURINGS Total amount rescheduled 0 0 0 0 0 0 0 0 Debt stock rescheduled 0 0 0 0 0 0 0 0 Principal rescheduled 0 0 0 0 0 0 0 0 Official 0 0 0 0 0 0 0 0 Private 0 0 0 0 0 0 0 0 Interest rescheduled 0 0 0 0 0 0 0 0 Official 0 0 0 0 0 0 0 0 Private 0 0 0 0 0 0 0 0 Debt forgiven 0 0 0 0 0 0 0 0 Memo: interest forgiven 0 0 0 0 0 0 0 0 Debt stock reduction 0 0 0 0 0 0 0 0 of which debt buyback 0 0 0 0 0 0 0 0 8. DEBT STOCK-FLOW RECONCILIATION Total change in debt stocks 8,222 -8,019 786 6,535 7,835 11,521 -1,248 29,947 Net flows on debt 6,011 -728 3,371 -1,778 69 8,173 3,069 21,424 Cross-currency valuation -849 -7,898 -4,761 3,540 3,917 441 -2,296 900 9. AVERAGE TERMS OF NEW COMMITMENTS ALL CREDITORS Interest (%) 5.4 3.9 4.7 2.3 1.9 2.6 4.0 3.5 Maturity (years) 21.9 22.6 11.5 23.8 21.3 20.8 17.3 25.6 Grace period (years) 7.9 7.6 5.4 7.1 6.9 6.1 5.1 6.9 Grant element (%) 33.9 43.2 25.6 54.8 54.5 49.2 34.1 49.3 Official creditors Interest (%) 3.9 3.5 5.5 2.2 1.5 2.1 4.2 3.5 Maturity (years) 28.7 26.7 24.0 26.1 26.0 26.6 22.9 25.6 Grace period (years) 8.4 8.2 6.6 7.5 7.5 6.7 5.8 6.9 Grant element (%) 49.1 49.5 33.5 58.1 63.4 58.8 40.8 49.3 Private creditors Interest (%) 6.8 5.7 4.3 2.5 3.4 3.6 3.5 0.0 Maturity (years) 15.0 5.9 5.1 5.0 5.5 7.3 3.9 0.0 Grace period (years) 7.3 4.8 4.8 4.7 4.7 4.8 3.6 0.0 Grant element (%) 18.9 16.7 21.5 27.5 24.2 26.8 17.9 0.0 10. CONTRACTUAL OBLIGATIONS ON OUTSTANDING LONG-TERM DEBT 2007 2008 2009 2010 2011 2012 2013 2014 TOTAL Principal 12,879 13,056 15,812 13,813 12,231 11,858 11,853 11,954 Interest 2,730 2,604 2,373 2,074 1,880 1,702 1,521 1,327 Official creditors Principal 2,870 2,997 3,129 3,356 3,419 3,496 3,517 3,627 Interest 1,331 1,374 1,368 1,340 1,284 1,209 1,118 1,014 Bilateral creditors Principal 1,470 1,400 1,405 1,352 1,310 1,322 1,317 1,431 Interest 495 469 439 403 367 330 293 258 Multilateral creditors Principal 1,400 1,597 1,724 2,004 2,109 2,174 2,200 2,196 Interest 836 905 929 936 917 879 825 756 Private creditors Principal 10,010 10,059 12,682 10,457 8,812 8,361 8,336 8,327 Interest 1,399 1,230 1,005 735 596 494 403 313 Notes: Data on long-term public and publicly guaranteed debt for 2006 are estimates based on the original terms of the loans. Calender year based data for 2003- 2006, as reported by the government, will be available in GDF 2009. 197 INDONESIA (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 1. SUMMARY DEBT DATA TOTAL DEBT STOCKS (EDT) 69,872 124,398 144,159 132,839 136,654 139,402 130,709 130,956 Long-term debt (LDOD) 58,242 98,432 110,689 101,171 103,476 105,216 93,302 97,956 Public and publicly guaranteed 47,982 65,309 69,520 71,145 73,722 71,670 69,644 67,273 Private nonguaranteed 10,261 33,123 41,169 30,026 29,754 33,546 23,658 30,683 Use of IMF credit 494 0 10,838 8,861 10,276 9,686 7,807 0 Short-term debt 11,135 25,966 22,633 22,806 22,903 24,500 29,600 33,000 of which interest arrears on LDOD 0 0 4,632 6,406 7,403 7,400 7,800 7,800 Official creditors 0 0 5 5 3 0 0 0 Private creditors 0 0 4,627 6,401 7,400 7,400 7,800 7,800 Memorandum items Principal arrears on LDOD 1 0 3,000 3,000 9,403 10,362 10,362 10,213 Official creditors 1 0 0 0 0 0 0 0 Private creditors 0 0 3,000 3,000 9,403 10,362 10,362 10,213 TOTAL DEBT FLOWS Disbursements 10,024 13,628 6,760 5,232 8,805 9,974 9,966 13,073 Long-term debt 10,024 13,628 5,637 3,806 6,880 9,974 9,966 13,073 IMF purchases 0 0 1,123 1,426 1,925 0 0 0 Principal repayments 5,969 10,197 9,267 12,891 14,262 15,604 12,407 16,280 Long-term debt 5,812 10,197 9,267 10,516 12,893 14,599 11,262 8,243 IMF repurchases 157 0 0 2,376 1,370 1,005 1,145 8,037 Net flows on debt 7,216 9,941 -1,036 -7,433 -6,357 -4,030 2,260 193 of which short-term debt 3,160 6,509 1,471 227 -900 1,600 4,700 3,400 Interest payments (INT) 3,978 6,219 7,355 3,981 4,208 4,820 3,750 4,154 Long-term debt 3,413 4,935 5,672 3,118 3,406 3,913 2,962 2,837 IMF charges 59 0 526 263 164 255 313 292 Short-term debt 506 1,284 1,157 600 638 652 475 1,025 Net transfers on debt 3,238 3,722 -8,391 -11,414 -10,566 -8,850 -1,491 -3,961 Total debt service paid (TDS) 9,946 16,416 16,622 16,873 18,471 20,424 16,157 20,434 Long-term debt 9,224 15,132 14,939 13,634 16,299 18,512 14,224 11,080 IMF repurchases and charges 216 0 526 2,638 1,534 1,260 1,458 8,329 Short-term debt (interest only) 506 1,284 1,157 600 638 652 475 1,025 2. OTHER NET RESOURCE FLOWS (LONG-TERM) Net flow of long-term debt (ex. IMF) 4,213 3,431 -3,630 -6,710 -6,013 -4,625 -1,296 4,830 Foreign direct investment (net) 1,093 4,346 -4,550 145 -597 1,896 8,336 5,580 Portfolio equity flows 0 1,493 -1,021 877 1,131 2,043 -165 1,898 Grants (excluding technical coop.) 283 250 371 302 311 336 1,022 1,071 of which: Debt forgiveness grants .. .. 0 20 0 0 10 53 IDA grants .. .. .. 0 0 0 0 0 Memo: technical coop. grants 401 494 418 460 488 433 470 565 Interest on long-term debt 3,413 4,935 5,672 3,118 3,406 3,913 2,962 2,837 Profit remittances on FDI 2,192 718 3,574 3,215 2,754 8,323 9,525 10,303 3. MAJOR ECONOMIC AGGREGATES Gross national income (GNI) 109,209 196,188 154,077 189,806 225,748 245,050 273,051 349,032 Exports of goods, serv. & inc. (XGS) 29,870 54,880 74,269 68,405 71,945 86,508 107,556 123,169 Worker remit. & comp. of employees 166 651 1,190 1,259 1,489 1,866 5,420 5,722 Imports of goods & services (MGS) 33,110 61,641 66,903 61,062 64,219 84,383 106,775 112,535 International reserves (RES) 8,657 14,908 29,353 32,034 36,256 36,311 34,731 42,597 Current account balance -2,988 -6,431 7,992 7,824 8,107 1,563 278 9,937 4. DEBT INDICATORS EDT / XGS (%) 233.9 226.7 194.1 194.2 189.9 161.1 121.5 106.3 EDT / GNI (%) 64.0 63.4 93.6 70.0 60.5 56.9 47.9 37.5 TDS / XGS (%) 33.3 29.9 22.4 24.7 25.7 23.6 15.0 16.6 INT / XGS (%) 13.3 11.3 9.9 5.8 5.8 5.6 3.5 3.4 INT / GNI (%) 3.6 3.2 4.8 2.1 1.9 2.0 1.4 1.2 RES / EDT (%) 12.4 12.0 20.4 24.1 26.5 26.0 26.6 32.5 RES / MGS (months) 3.1 2.9 5.3 6.3 6.8 5.2 3.9 4.5 Short-term / EDT (%) 15.9 20.9 15.7 17.2 16.8 17.6 22.6 25.2 Concessional / EDT (%) 26.4 22.5 21.0 24.9 27.3 28.0 27.5 27.1 Multilateral / EDT (%) 20.4 16.1 13.8 14.6 14.5 13.8 14.2 13.9 198 INDONESIA (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 5. LONG-TERM DEBT DEBT OUTSTANDING (LDOD) 58,242 98,432 110,689 101,171 103,476 105,216 93,302 97,956 Public and publicly guaranteed 47,982 65,309 69,520 71,145 73,722 71,670 69,644 67,273 Official creditors 33,007 51,250 54,750 57,364 61,286 60,437 58,854 56,933 Multilateral 14,285 20,013 19,904 19,439 19,767 19,173 18,514 18,246 Concessional 1,369 1,668 1,642 1,710 1,905 2,082 2,001 2,250 Bilateral 18,722 31,237 34,846 37,924 41,519 41,264 40,340 38,687 Concessional 17,088 26,304 28,643 31,374 35,392 36,926 33,897 33,204 Private creditors 14,975 14,059 14,770 13,781 12,437 11,233 10,789 10,340 of which: Bonds 696 704 971 779 1,029 2,029 1,639 4,945 Commercial banks 8,606 6,714 9,946 10,114 8,702 6,640 7,239 4,093 Private nonguaranteed 10,261 33,123 41,169 30,026 29,754 33,546 23,658 30,683 Bonds 120 3,420 6,337 4,511 3,854 4,374 6,275 8,948 Commercial banks and other 10,141 29,703 34,832 25,516 25,900 29,173 17,384 21,735 Memo: IBRD 9,542 12,503 11,715 10,729 9,779 8,943 8,132 7,423 IDA 842 756 714 794 880 996 1,001 1,318 Public sector LDOD 47,982 65,309 69,420 70,712 73,271 71,002 68,660 66,246 Private sector LDOD 10,261 33,123 41,269 30,460 30,205 34,214 24,642 31,710 DISBURSEMENTS 10,024 13,628 5,637 3,806 6,880 9,974 9,966 13,073 Public and publicly guaranteed 5,009 6,665 3,287 2,156 2,749 3,143 2,739 5,534 Official creditors 3,969 4,254 3,019 1,792 1,561 1,858 2,451 3,132 Multilateral 1,794 1,777 1,750 1,198 856 1,156 1,667 1,876 Concessional 145 80 108 111 148 178 135 412 Bilateral 2,175 2,477 1,268 594 706 702 784 1,256 Concessional 1,979 1,923 1,134 587 687 638 691 1,124 Private creditors 1,041 2,411 268 364 1,187 1,285 288 2,402 of which: Bonds 0 605 0 300 250 1,000 0 1,930 Commercial banks 487 938 262 41 924 252 232 460 Private nonguaranteed 5,015 6,963 2,350 1,650 4,131 6,831 7,227 7,539 Bonds 120 1,763 350 150 250 620 2,361 2,673 Commercial banks and other 4,895 5,200 2,000 1,500 3,881 6,211 4,866 4,866 Memo: IBRD 987 1,045 1,051 332 317 537 585 696 IDA 0 0 59 87 91 122 67 315 PRINCIPAL REPAYMENTS 5,812 10,197 9,267 10,516 12,893 14,599 11,262 8,243 Public and publicly guaranteed 4,588 5,714 3,867 4,287 5,086 7,499 5,287 4,078 Official creditors 1,586 3,125 1,587 2,204 2,405 4,536 3,159 3,078 Multilateral 677 1,289 1,116 1,489 1,764 1,894 1,957 1,976 Concessional 24 46 69 66 67 69 70 48 Bilateral 909 1,836 471 715 641 2,642 1,202 1,102 Concessional 611 1,271 334 606 414 1,764 820 567 Private creditors 3,001 2,589 2,280 2,083 2,680 2,962 2,128 1,001 of which: Bonds 94 0 0 235 0 0 310 169 Commercial banks 1,718 1,678 2,106 1,727 2,571 2,438 1,347 657 Private nonguaranteed 1,224 4,483 5,400 6,229 7,807 7,100 5,975 4,165 Bonds 0 120 2,400 621 850 100 460 650 Commercial banks and other 1,224 4,363 3,000 5,608 6,957 7,000 5,515 3,515 Memo: IBRD 551 955 761 1,038 1,267 1,363 1,390 1,403 IDA 11 20 26 27 27 27 27 27 INTEREST PAYMENTS (LINT) 3,413 4,935 5,672 3,118 3,406 3,913 2,962 2,837 Public and publicly guaranteed 2,808 3,773 3,737 2,222 2,337 2,809 1,842 1,740 Official creditors 1,585 2,666 2,575 1,783 1,975 2,377 1,153 1,455 Multilateral 990 1,403 1,383 1,295 1,167 958 865 832 Concessional 16 26 25 21 20 22 24 19 Bilateral 595 1,263 1,192 488 808 1,419 288 623 Concessional 451 875 810 332 625 1,157 189 439 Private creditors 1,223 1,108 1,162 439 362 432 689 285 of which: Bonds 62 6 72 32 52 103 136 48 Commercial banks 699 656 845 351 230 209 473 127 Private nonguaranteed 605 1,161 1,935 896 1,069 1,103 1,120 1,097 Bonds 0 139 735 462 447 413 593 716 Commercial banks and other 605 1,022 1,200 434 622 690 527 381 Memo: IBRD 731 921 950 867 736 575 481 425 IDA 6 6 5 6 6 8 9 10 199 INDONESIA (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 6. CURRENCY COMPOSITION OF PUBLIC AND PUBLICLY GUARANTEED DEBT (PERCENT) Euro .. .. .. 9.0 10.4 13.6 14.1 15.0 Japanese yen 34.6 35.3 33.0 28.9 28.5 33.1 36.0 35.7 Pound sterling 1.4 0.8 1.2 1.3 1.2 2.0 2.3 2.1 Swiss franc 0.4 0.7 0.6 0.6 0.6 0.7 0.6 0.6 U.S.dollars 20.9 21.5 50.4 54.6 53.7 45.0 41.8 41.7 7. DEBT RESTRUCTURINGS Total amount rescheduled 0 0 2,461 5,074 3,086 0 2,608 0 Debt stock rescheduled 0 0 0 1,002 0 0 0 0 Principal rescheduled 0 0 2,262 2,441 2,515 0 1,376 0 Official 0 0 1,534 1,836 1,949 0 1,358 0 Private 0 0 727 604 566 0 18 0 Interest rescheduled 0 0 0 675 408 0 566 0 Official 0 0 0 551 342 0 555 0 Private 0 0 0 124 66 0 11 0 Debt forgiven 0 0 0 0 0 0 4 0 Memo: interest forgiven 0 0 0 0 0 0 0 0 Debt stock reduction 0 0 0 0 0 0 0 111 of which debt buyback 0 0 0 0 0 0 0 0 8. DEBT STOCK-FLOW RECONCILIATION Total change in debt stocks 10,470 16,574 -7,173 -989 3,815 2,748 -8,693 247 Net flows on debt 7,216 9,941 -1,036 -7,433 -6,357 -4,030 2,260 193 Cross-currency valuation 3,078 -44 -4,577 4,181 5,228 1,969 -5,553 1,706 9. AVERAGE TERMS OF NEW COMMITMENTS ALL CREDITORS Interest (%) 6.0 5.7 4.2 3.3 2.3 3.5 5.8 5.3 Maturity (years) 21.7 18.1 18.7 20.9 22.6 18.3 17.4 23.5 Grace period (years) 5.9 5.1 6.1 4.2 3.4 6.4 10.1 12.4 Grant element (%) 29.2 27.2 39.5 41.7 47.9 42.2 27.1 34.9 Official creditors Interest (%) 5.5 5.1 3.0 2.5 1.7 2.5 4.0 4.7 Maturity (years) 23.1 21.3 24.4 22.6 27.1 22.8 21.3 20.9 Grace period (years) 6.6 5.8 7.0 3.7 3.2 6.5 5.6 5.4 Grant element (%) 32.9 33.4 52.6 47.6 56.5 53.2 41.0 36.4 Private creditors Interest (%) 7.3 6.8 6.6 7.0 4.1 5.2 7.0 5.7 Maturity (years) 17.1 12.3 7.7 12.4 9.6 10.4 14.8 25.0 Grace period (years) 3.9 3.8 4.4 6.6 4.1 6.2 13.2 16.4 Grant element (%) 17.7 15.8 13.9 12.6 23.1 22.6 17.7 34.0 10. CONTRACTUAL OBLIGATIONS ON OUTSTANDING LONG-TERM DEBT 2007 2008 2009 2010 2011 2012 2013 2014 TOTAL Principal 13,450 12,043 7,715 8,262 6,358 5,722 4,728 4,741 Interest 3,805 3,320 2,903 2,591 2,130 1,835 1,527 1,322 Official creditors Principal 5,885 5,769 5,809 4,820 4,195 4,040 3,885 3,443 Interest 2,129 1,932 1,715 1,502 1,324 1,159 1,000 849 Bilateral creditors Principal 3,925 3,878 3,921 3,009 2,500 2,406 2,394 2,344 Interest 1,176 1,064 943 824 736 658 582 506 Multilateral creditors Principal 1,960 1,892 1,888 1,810 1,695 1,633 1,491 1,099 Interest 953 868 773 678 588 501 418 343 Private creditors Principal 7,564 6,274 1,906 3,442 2,163 1,682 843 1,298 Interest 1,677 1,388 1,188 1,089 806 676 528 474 Notes: Data include the effects of a Tsunami-related Paris Club debt restructuring agreement signed in 2005. 200 IRAN, ISLAMIC REPUBLIC OF (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 1. SUMMARY DEBT DATA TOTAL DEBT STOCKS (EDT) 9,020 21,879 7,978 8,900 13,912 20,356 21,260 20,113 Long-term debt (LDOD) 1,797 15,430 4,970 6,823 9,121 10,103 10,574 11,149 Public and publicly guaranteed 1,797 15,116 4,707 6,604 8,933 9,985 10,493 11,090 Private nonguaranteed 0 314 263 219 188 118 81 59 Use of IMF credit 0 0 0 0 0 0 0 0 Short-term debt 7,224 6,449 3,008 2,077 4,791 10,253 10,686 8,964 of which interest arrears on LDOD 456 6 0 0 0 0 0 0 Official creditors 6 2 0 0 0 0 0 0 Private creditors 449 4 0 0 0 0 0 0 Memorandum items Principal arrears on LDOD 1,517 48 0 0 0 0 0 0 Official creditors 29 0 0 0 0 0 0 0 Private creditors 1,488 48 0 0 0 0 0 0 TOTAL DEBT FLOWS Disbursements 139 979 1,465 1,951 2,538 2,202 2,735 1,721 Long-term debt 139 979 1,465 1,951 2,538 2,202 2,735 1,721 IMF purchases 0 0 0 0 0 0 0 0 Principal repayments 225 4,198 2,637 1,103 1,269 1,473 1,752 1,743 Long-term debt 225 4,198 2,637 1,103 1,269 1,473 1,752 1,743 IMF repurchases 0 0 0 0 0 0 0 0 Net flows on debt 2,480 -305 -1,780 907 3,983 6,191 1,416 -1,744 of which short-term debt 2,566 2,914 -609 59 2,714 5,462 433 -1,722 Interest payments (INT) 430 1,627 589 401 481 639 772 813 Long-term debt 28 1,132 409 298 315 377 504 567 IMF charges 0 0 0 0 0 0 0 0 Short-term debt 402 494 180 103 167 262 267 246 Net transfers on debt 2,050 -1,931 -2,369 506 3,502 5,552 645 -2,557 Total debt service paid (TDS) 655 5,824 3,225 1,504 1,750 2,112 2,524 2,556 Long-term debt 253 5,330 3,045 1,401 1,583 1,850 2,256 2,310 IMF repurchases and charges 0 0 0 0 0 0 0 0 Short-term debt (interest only) 402 494 180 103 167 262 267 246 2. OTHER NET RESOURCE FLOWS (LONG-TERM) Net flow of long-term debt (ex. IMF) -86 -3,219 -1,171 848 1,269 729 983 -22 Foreign direct investment (net) -362 17 39 548 482 100 30 901 Portfolio equity flows 0 0 0 0 0 0 0 0 Grants (excluding technical coop.) 76 41 36 53 64 120 44 62 of which: Debt forgiveness grants .. .. 0 0 0 0 0 0 IDA grants .. .. .. 0 0 0 0 0 Memo: technical coop. grants 99 106 64 59 72 79 75 70 Interest on long-term debt 28 1,132 409 298 315 377 504 567 Profit remittances on FDI 0 0 0 0 0 0 0 0 3. MAJOR ECONOMIC AGGREGATES Gross national income (GNI) 115,922 90,172 101,335 114,419 132,753 160,332 189,226 215,565 Exports of goods, serv. & inc. (XGS) 20,197 19,269 30,131 .. .. .. .. .. Worker remit. & comp. of employees 0 1,600 536 851 1,178 1,032 1,032 1,032 Imports of goods & services (MGS) 22,370 15,907 18,107 .. .. .. .. .. International reserves (RES) .. .. .. .. .. .. .. .. Current account balance 327 3,358 12,481 .. .. .. .. .. 4. DEBT INDICATORS EDT / XGS (%) 44.7 113.5 26.5 .. .. .. .. .. EDT / GNI (%) 7.8 24.3 7.9 7.8 10.5 12.7 11.2 9.3 TDS / XGS (%) 3.2 30.2 10.7 .. .. .. .. .. INT / XGS (%) 2.1 8.4 2.0 .. .. .. .. .. INT / GNI (%) 0.4 1.8 0.6 0.4 0.4 0.4 0.4 0.4 RES / EDT (%) .. .. .. .. .. .. .. .. RES / MGS (months) .. .. .. .. .. .. .. .. Short-term / EDT (%) 80.1 29.5 37.7 23.3 34.4 50.4 50.3 44.6 Concessional / EDT (%) 1.2 2.5 6.4 6.1 5.7 4.2 4.6 4.8 Multilateral / EDT (%) 1.3 1.7 6.4 4.5 2.5 1.6 1.8 2.8 201 IRAN, ISLAMIC REPUBLIC OF (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 5. LONG-TERM DEBT DEBT OUTSTANDING (LDOD) 1,797 15,430 4,970 6,823 9,121 10,103 10,574 11,149 Public and publicly guaranteed 1,797 15,116 4,707 6,604 8,933 9,985 10,493 11,090 Official creditors 225 11,354 1,630 1,343 1,551 1,602 1,831 1,973 Multilateral 116 381 507 400 350 318 381 559 Concessional 0 0 0 0 0 0 0 0 Bilateral 110 10,974 1,123 943 1,200 1,284 1,450 1,414 Concessional 110 549 512 540 799 857 976 967 Private creditors 1,571 3,761 3,076 5,261 7,383 8,383 8,661 9,116 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 1,055 5 1,041 2,500 2,998 3,477 4,082 4,695 Private nonguaranteed 0 314 263 219 188 118 81 59 Bonds 0 0 0 0 0 0 0 0 Commercial banks and other 0 314 263 219 188 118 81 59 Memo: IBRD 86 316 481 400 350 316 378 559 IDA 0 0 0 0 0 0 0 0 Public sector LDOD 1,797 15,031 4,687 6,588 8,917 9,972 10,483 11,083 Private sector LDOD 0 398 283 235 204 131 91 66 DISBURSEMENTS 139 979 1,465 1,951 2,538 2,202 2,735 1,721 Public and publicly guaranteed 139 979 1,465 1,801 2,538 2,202 2,735 1,721 Official creditors 30 393 443 315 293 259 630 379 Multilateral 30 123 120 12 21 36 258 248 Concessional 0 0 0 0 0 0 0 0 Bilateral 0 270 323 303 273 223 372 132 Concessional 0 270 62 191 194 126 260 86 Private creditors 109 586 1,022 1,486 2,244 1,943 2,105 1,341 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 0 1 268 913 830 995 1,442 1,067 Private nonguaranteed 0 0 0 150 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 Commercial banks and other 0 0 0 150 0 0 0 0 Memo: IBRD 0 85 114 12 14 29 247 248 IDA 0 0 0 0 0 0 0 0 PRINCIPAL REPAYMENTS 225 4,198 2,637 1,103 1,269 1,473 1,752 1,743 Public and publicly guaranteed 225 4,120 2,344 1,002 1,219 1,431 1,715 1,721 Official creditors 86 3,497 1,785 250 174 188 297 244 Multilateral 67 41 108 69 70 68 155 75 Concessional 0 0 0 0 0 0 0 0 Bilateral 18 3,456 1,677 181 104 120 141 168 Concessional 18 20 127 120 19 46 77 93 Private creditors 139 622 559 752 1,045 1,243 1,418 1,477 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 0 1 65 271 498 612 713 695 Private nonguaranteed 0 78 293 101 50 42 37 22 Bonds 0 0 0 0 0 0 0 0 Commercial banks and other 0 78 293 101 50 42 37 22 Memo: IBRD 67 6 70 69 63 63 145 66 IDA 0 0 0 0 0 0 0 0 INTEREST PAYMENTS (LINT) 28 1,132 409 298 315 377 504 567 Public and publicly guaranteed 28 1,107 393 292 308 371 418 508 Official creditors 14 787 189 79 77 91 95 90 Multilateral 10 27 44 36 29 22 39 25 Concessional 0 0 0 0 0 0 0 0 Bilateral 4 759 145 43 48 69 56 64 Concessional 4 27 21 14 19 41 23 30 Private creditors 14 321 204 213 231 280 323 418 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 0 0 82 92 92 108 157 224 Private nonguaranteed 0 25 16 6 6 6 86 59 Bonds 0 0 0 0 0 0 0 0 Commercial banks and other 0 25 16 6 6 6 86 59 Memo: IBRD 10 19 40 36 29 22 39 25 IDA 0 0 0 0 0 0 0 0 202 IRAN, ISLAMIC REPUBLIC OF (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 6. CURRENCY COMPOSITION OF PUBLIC AND PUBLICLY GUARANTEED DEBT (PERCENT) Euro .. .. .. 34.6 46.6 50.5 52.2 55.9 Japanese yen 4.2 4.9 9.4 9.5 11.9 10.5 8.1 6.8 Pound sterling 0.0 0.0 0.6 0.5 0.4 0.3 0.1 0.1 Swiss franc 0.0 0.6 3.8 6.4 6.3 5.4 4.4 3.6 U.S.dollars 88.6 71.5 68.3 48.7 34.7 33.2 35.0 33.4 7. DEBT RESTRUCTURINGS Total amount rescheduled 0 3,178 0 0 0 0 0 0 Debt stock rescheduled 0 3,178 0 0 0 0 0 0 Principal rescheduled 0 0 0 0 0 0 0 0 Official 0 0 0 0 0 0 0 0 Private 0 0 0 0 0 0 0 0 Interest rescheduled 0 0 0 0 0 0 0 0 Official 0 0 0 0 0 0 0 0 Private 0 0 0 0 0 0 0 0 Debt forgiven 0 0 0 0 0 0 0 0 Memo: interest forgiven 0 0 0 0 0 0 0 0 Debt stock reduction 0 0 0 0 0 0 0 0 of which debt buyback 0 0 0 0 0 0 0 0 8. DEBT STOCK-FLOW RECONCILIATION Total change in debt stocks 2,502 -755 -1,928 1,420 5,012 6,444 903 -1,147 Net flows on debt 2,480 -305 -1,780 907 3,983 6,191 1,416 -1,744 Cross-currency valuation -6 -340 -139 447 412 265 -468 583 9. AVERAGE TERMS OF NEW COMMITMENTS ALL CREDITORS Interest (%) 8.3 6.6 5.9 4.0 2.2 3.7 4.6 6.1 Maturity (years) 9.5 10.3 11.5 10.6 10.9 11.1 12.3 10.0 Grace period (years) 4.0 3.1 3.5 2.9 2.8 3.4 3.2 2.5 Grant element (%) 6.9 15.1 19.3 25.5 35.6 30.2 24.4 16.3 Official creditors Interest (%) 7.3 7.5 4.9 5.3 2.4 2.8 4.1 0.0 Maturity (years) 13.5 8.2 13.4 13.9 16.9 15.2 17.0 0.0 Grace period (years) 5.0 2.3 4.4 4.4 3.6 5.4 5.5 0.0 Grant element (%) 14.4 8.9 27.1 23.3 45.0 43.1 36.8 0.0 Private creditors Interest (%) 8.6 6.3 6.6 3.4 2.2 4.1 4.8 6.1 Maturity (years) 8.3 10.9 10.3 9.1 10.4 9.3 9.9 10.0 Grace period (years) 3.7 3.4 2.9 2.3 2.8 2.5 2.0 2.5 Grant element (%) 4.7 17.0 14.4 26.5 34.7 24.4 17.8 16.3 10. CONTRACTUAL OBLIGATIONS ON OUTSTANDING LONG-TERM DEBT 2007 2008 2009 2010 2011 2012 2013 2014 TOTAL Principal 2,811 2,432 2,094 1,882 1,567 1,338 945 672 Interest 658 571 469 373 284 208 146 101 Official creditors Principal 311 288 308 356 312 302 212 183 Interest 109 106 101 92 81 69 59 49 Bilateral creditors Principal 238 214 224 240 201 191 102 72 Interest 69 60 51 40 29 19 12 7 Multilateral creditors Principal 73 74 84 116 111 111 111 111 Interest 40 45 50 52 52 50 47 42 Private creditors Principal 2,500 2,144 1,786 1,526 1,255 1,036 732 489 Interest 550 465 368 281 203 138 88 52 Notes: Data related to the year ending in March. Long-term public and publicly guaranteed debt as of end-March 2007 are based on reports provided by the country. Long-term private nonguaranteed debt data are World Bank staff estimates. 203 JAMAICA (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 1. SUMMARY DEBT DATA TOTAL DEBT STOCKS (EDT) 4,756 4,577 4,720 5,496 5,651 6,482 6,557 7,994 Long-term debt (LDOD) 4,053 3,844 3,867 4,690 4,653 5,383 5,940 6,821 Public and publicly guaranteed 4,020 3,716 3,764 4,605 4,576 5,284 5,550 6,010 Private nonguaranteed 34 128 103 86 77 98 390 811 Use of IMF credit 357 240 60 24 9 1 0 0 Short-term debt 346 492 793 782 989 1,098 617 1,173 of which interest arrears on LDOD 124 102 150 171 197 227 225 250 Official creditors 87 87 122 109 119 139 184 188 Private creditors 37 15 28 63 78 88 41 61 Memorandum items Principal arrears on LDOD 157 203 131 89 116 125 146 208 Official creditors 84 166 110 69 79 71 93 88 Private creditors 73 37 21 20 37 54 53 120 TOTAL DEBT FLOWS Disbursements 348 316 904 613 288 1,147 1,346 1,074 Long-term debt 292 305 904 613 288 1,147 1,346 1,074 IMF purchases 56 11 0 0 0 0 0 0 Principal repayments 401 436 443 509 521 514 551 309 Long-term debt 290 340 424 491 505 506 550 309 IMF repurchases 111 95 19 19 16 8 1 0 Net flows on debt -99 -106 440 -59 -52 711 316 1,295 of which short-term debt -45 14 -21 -163 181 79 -479 531 Interest payments (INT) 260 232 261 339 315 338 419 515 Long-term debt 202 191 208 319 299 309 387 473 IMF charges 34 17 4 1 0 0 0 0 Short-term debt 24 24 49 19 16 30 32 42 Net transfers on debt -359 -337 179 -399 -368 373 -103 780 Total debt service paid (TDS) 662 667 704 849 837 853 970 825 Long-term debt 492 531 632 810 804 815 937 783 IMF repurchases and charges 145 112 23 20 16 8 1 0 Short-term debt (interest only) 24 24 49 19 16 30 32 42 2. OTHER NET RESOURCE FLOWS (LONG-TERM) Net flow of long-term debt (ex. IMF) 2 -35 481 122 -217 640 796 764 Foreign direct investment (net) 138 147 468 481 721 602 682 882 Portfolio equity flows 0 0 0 0 0 0 0 0 Grants (excluding technical coop.) 117 64 45 38 29 112 93 91 of which: Debt forgiveness grants .. .. 5 10 4 17 28 10 IDA grants .. .. .. 0 0 0 0 0 Memo: technical coop. grants 33 51 32 46 39 36 44 28 Interest on long-term debt 202 191 208 319 299 309 387 473 Profit remittances on FDI 189 230 290 434 326 362 454 376 3. MAJOR ECONOMIC AGGREGATES Gross national income (GNI) 4,158 5,569 7,698 8,001 7,792 8,432 9,082 9,343 Exports of goods, serv. & inc. (XGS) 2,461 4,123 4,571 4,573 5,010 5,634 5,943 6,930 Worker remit. & comp. of employees 229 653 892 1,261 1,399 1,623 1,783 1,946 Imports of goods & services (MGS) 2,928 4,246 4,970 5,603 5,703 6,124 6,972 8,080 International reserves (RES) 168 681 1,054 1,645 1,195 1,846 2,170 2,318 Current account balance -312 -99 -367 -1,074 -773 -509 -1,071 -1,170 4. DEBT INDICATORS EDT / XGS (%) 193.3 111.0 103.3 120.2 112.8 115.0 110.3 115.4 EDT / GNI (%) 114.4 82.2 61.3 68.7 72.5 76.9 72.2 85.6 TDS / XGS (%) 26.9 16.2 15.4 18.6 16.7 15.1 16.3 11.9 INT / XGS (%) 10.6 5.6 5.7 7.4 6.3 6.0 7.1 7.4 INT / GNI (%) 6.3 4.2 3.4 4.2 4.0 4.0 4.6 5.5 RES / EDT (%) 3.5 14.9 22.3 29.9 21.1 28.5 33.1 29.0 RES / MGS (months) 0.7 1.9 2.5 3.5 2.5 3.6 3.7 3.4 Short-term / EDT (%) 7.3 10.7 16.8 14.2 17.5 16.9 9.4 14.7 Concessional / EDT (%) 30.0 34.9 22.4 17.1 18.3 15.4 13.6 10.7 Multilateral / EDT (%) 24.7 27.0 25.8 25.3 24.9 22.1 20.3 16.2 204 JAMAICA (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 5. LONG-TERM DEBT DEBT OUTSTANDING (LDOD) 4,053 3,844 3,867 4,690 4,653 5,383 5,940 6,821 Public and publicly guaranteed 4,020 3,716 3,764 4,605 4,576 5,284 5,550 6,010 Official creditors 3,458 3,358 2,444 2,406 2,446 2,403 2,150 2,031 Multilateral 1,174 1,234 1,218 1,392 1,407 1,430 1,333 1,298 Concessional 180 148 155 157 192 203 210 222 Bilateral 2,284 2,124 1,227 1,014 1,039 973 817 733 Concessional 1,249 1,449 905 785 841 794 679 632 Private creditors 561 358 1,320 2,199 2,130 2,881 3,400 3,979 of which: Bonds 0 25 1,004 1,943 1,821 2,524 3,043 3,568 Commercial banks 331 269 265 188 241 301 317 375 Private nonguaranteed 34 128 103 86 77 98 390 811 Bonds 0 55 0 0 0 0 300 730 Commercial banks and other 34 73 103 86 77 98 90 81 Memo: IBRD 672 595 415 495 476 439 410 387 IDA 0 0 0 0 0 0 0 0 Public sector LDOD 4,020 3,716 3,762 4,603 4,575 5,283 5,549 6,008 Private sector LDOD 34 128 104 87 78 100 391 813 DISBURSEMENTS 292 305 904 613 288 1,147 1,346 1,074 Public and publicly guaranteed 292 250 904 613 288 1,117 1,039 644 Official creditors 253 193 311 265 141 136 86 103 Multilateral 110 125 255 236 69 120 67 82 Concessional 9 10 18 15 27 16 31 18 Bilateral 144 68 57 29 72 16 19 21 Concessional 103 36 25 18 58 8 16 16 Private creditors 39 57 593 348 147 981 952 541 of which: Bonds 0 13 553 300 50 859 875 450 Commercial banks 0 42 24 32 86 122 75 86 Private nonguaranteed 0 55 0 0 0 30 307 430 Bonds 0 0 0 0 0 0 300 430 Commercial banks and other 0 55 0 0 0 30 7 0 Memo: IBRD 35 61 98 84 15 6 17 18 IDA 0 0 0 0 0 0 0 0 PRINCIPAL REPAYMENTS 290 340 424 491 505 506 550 309 Public and publicly guaranteed 281 335 360 482 497 498 541 301 Official creditors 205 255 273 205 212 218 231 245 Multilateral 100 127 122 109 119 120 119 137 Concessional 8 10 10 8 8 10 13 13 Bilateral 105 129 151 96 93 98 113 108 Concessional 19 29 76 68 63 70 77 76 Private creditors 76 80 87 277 284 280 310 56 of which: Bonds 0 0 13 230 226 218 256 0 Commercial banks 1 73 47 37 43 48 44 44 Private nonguaranteed 8 5 64 9 9 9 9 9 Bonds 0 0 55 0 0 0 0 0 Commercial banks and other 8 5 9 9 9 9 9 9 Memo: IBRD 62 85 60 44 46 47 39 43 IDA 0 0 0 0 0 0 0 0 INTEREST PAYMENTS (LINT) 202 191 208 319 299 309 387 473 Public and publicly guaranteed 200 181 195 310 298 305 361 422 Official creditors 165 158 120 98 99 89 84 91 Multilateral 85 83 65 66 67 61 63 67 Concessional 5 3 3 4 4 5 6 9 Bilateral 79 75 55 32 32 28 21 24 Concessional 16 37 25 23 23 22 16 17 Private creditors 35 23 75 212 199 217 277 332 of which: Bonds 0 2 50 197 191 207 265 325 Commercial banks 20 19 18 10 6 8 11 6 Private nonguaranteed 3 11 13 10 1 3 26 51 Bonds 0 5 2 0 0 0 21 45 Commercial banks and other 3 6 11 10 1 3 5 6 Memo: IBRD 58 47 22 21 20 18 19 22 IDA 0 0 0 0 0 0 0 0 205 JAMAICA (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 6. CURRENCY COMPOSITION OF PUBLIC AND PUBLICLY GUARANTEED DEBT (PERCENT) Euro .. .. .. 14.8 13.3 21.6 17.9 18.7 Japanese yen 4.8 9.9 7.1 5.1 6.5 5.3 3.9 3.3 Pound sterling 5.8 4.1 2.0 1.8 2.3 2.0 1.5 1.4 Swiss franc 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 U.S.dollars 49.9 47.5 61.7 66.2 66.5 62.3 69.7 71.1 7. DEBT RESTRUCTURINGS Total amount rescheduled 469 105 0 0 0 0 0 0 Debt stock rescheduled 314 0 0 0 0 0 0 0 Principal rescheduled 99 85 0 0 0 0 0 0 Official 96 84 0 0 0 0 0 0 Private 3 1 0 0 0 0 0 0 Interest rescheduled 54 16 0 0 0 0 0 0 Official 54 16 0 0 0 0 0 0 Private 1 0 0 0 0 0 0 0 Debt forgiven 0 0 4 3 9 5 1 2 Memo: interest forgiven 0 0 0 0 0 0 0 1 Debt stock reduction 24 0 0 0 0 0 0 0 of which debt buyback 0 0 0 0 0 0 0 0 8. DEBT STOCK-FLOW RECONCILIATION Total change in debt stocks 120 -29 798 118 154 831 75 1,437 Net flows on debt -99 -106 440 -59 -52 711 316 1,295 Cross-currency valuation 158 33 -91 190 224 80 -230 121 9. AVERAGE TERMS OF NEW COMMITMENTS ALL CREDITORS Interest (%) 7.6 5.8 9.1 7.0 6.6 9.5 7.6 7.9 Maturity (years) 17.8 17.0 11.2 14.1 11.0 9.3 14.1 21.1 Grace period (years) 4.2 3.8 4.6 8.6 3.1 7.7 9.9 15.9 Grant element (%) 14.1 23.8 6.6 14.9 15.0 2.8 14.9 13.1 Official creditors Interest (%) 7.5 5.6 6.1 3.7 5.7 4.0 4.2 5.4 Maturity (years) 19.7 21.6 19.8 18.2 15.0 16.9 22.0 12.7 Grace period (years) 4.7 4.7 5.4 5.5 2.6 3.2 5.7 4.0 Grant element (%) 15.8 28.9 25.1 39.5 20.4 35.9 39.7 23.3 Private creditors Interest (%) 8.7 6.3 11.0 9.0 7.1 9.7 8.2 8.2 Maturity (years) 1.9 8.9 6.0 11.7 8.6 9.0 12.8 22.1 Grace period (years) 0.4 2.1 4.2 10.4 3.4 7.9 10.6 17.4 Grant element (%) 0.6 14.7 -4.6 0.4 11.9 1.6 10.7 11.9 10. CONTRACTUAL OBLIGATIONS ON OUTSTANDING LONG-TERM DEBT 2007 2008 2009 2010 2011 2012 2013 2014 TOTAL Principal 569 428 599 294 659 962 328 402 Interest 549 507 468 436 398 354 270 257 Official creditors Principal 245 247 232 207 182 164 153 132 Interest 97 89 79 69 60 52 45 39 Bilateral creditors Principal 93 90 78 66 62 57 47 37 Interest 24 21 17 15 12 10 8 7 Multilateral creditors Principal 153 157 155 141 120 107 106 96 Interest 72 68 61 54 48 42 37 32 Private creditors Principal 324 181 366 86 477 798 175 269 Interest 453 418 389 367 338 301 224 219 Notes: 206 JORDAN (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 1. SUMMARY DEBT DATA TOTAL DEBT STOCKS (EDT) 8,333 7,661 7,355 8,108 8,337 8,066 7,696 8,000 Long-term debt (LDOD) 7,202 6,624 6,183 7,072 7,173 7,227 6,878 7,143 Public and publicly guaranteed 7,202 6,624 6,183 7,072 7,173 7,227 6,878 7,143 Private nonguaranteed 0 0 0 0 0 0 0 0 Use of IMF credit 94 251 462 483 421 338 236 158 Short-term debt 1,037 785 710 554 743 501 582 699 of which interest arrears on LDOD 107 67 102 36 0 0 0 1 Official creditors 30 63 102 36 0 0 0 1 Private creditors 77 4 0 0 0 0 0 0 Memorandum items Principal arrears on LDOD 529 177 281 139 20 23 17 36 Official creditors 34 175 274 138 18 22 17 36 Private creditors 495 2 7 2 2 1 0 0 TOTAL DEBT FLOWS Disbursements 691 724 196 433 173 212 434 277 Long-term debt 691 609 176 340 173 212 434 277 IMF purchases 0 115 20 93 0 0 0 0 Principal repayments 252 337 424 390 978 526 418 441 Long-term debt 242 329 393 311 878 428 341 353 IMF repurchases 10 8 31 79 100 98 77 88 Net flows on debt 604 484 -399 128 -580 -556 97 -48 of which short-term debt 165 97 -171 85 225 -242 81 116 Interest payments (INT) 377 263 315 199 180 178 198 247 Long-term debt 310 209 239 173 157 146 160 196 IMF charges 9 10 24 14 9 10 10 10 Short-term debt 58 43 52 13 14 22 27 41 Net transfers on debt 227 222 -715 -71 -760 -734 -101 -295 Total debt service paid (TDS) 628 600 740 589 1,158 704 616 688 Long-term debt 552 538 632 484 1,035 574 502 549 IMF repurchases and charges 18 18 56 93 109 108 87 99 Short-term debt (interest only) 58 43 52 13 14 22 27 41 2. OTHER NET RESOURCE FLOWS (LONG-TERM) Net flow of long-term debt (ex. IMF) 449 280 -217 29 -706 -216 93 -75 Foreign direct investment (net) 38 13 815 122 443 816 1,774 3,219 Portfolio equity flows 0 0 -17 -233 -58 -90 169 144 Grants (excluding technical coop.) 672 219 386 403 1,165 515 545 505 of which: Debt forgiveness grants .. .. 62 28 49 12 10 18 IDA grants .. .. .. 0 0 0 0 0 Memo: technical coop. grants 68 160 120 156 114 109 125 115 Interest on long-term debt 310 209 239 173 157 146 160 196 Profit remittances on FDI 0 0 1 1 2 1 1 2 3. MAJOR ECONOMIC AGGREGATES Gross national income (GNI) 3,805 6,449 8,596 9,704 10,374 11,735 13,020 14,682 Exports of goods, serv. & inc. (XGS) 3,078 4,838 5,868 6,957 7,361 8,664 9,605 11,239 Worker remit. & comp. of employees 499 1,441 1,845 2,135 2,201 2,331 2,500 2,883 Imports of goods & services (MGS) 3,850 5,297 6,331 6,756 7,341 9,732 12,242 13,424 International reserves (RES) 1,139 2,279 3,441 4,116 5,366 5,447 5,461 6,982 Current account balance -227 -259 60 544 1,245 89 -2,228 -1,909 4. DEBT INDICATORS EDT / XGS (%) 270.8 158.3 125.3 116.5 113.3 93.1 80.1 71.2 EDT / GNI (%) 219.0 118.8 85.6 83.6 80.4 68.7 59.1 54.5 TDS / XGS (%) 20.4 12.4 12.6 8.5 15.7 8.1 6.4 6.1 INT / XGS (%) 12.2 5.4 5.4 2.9 2.4 2.1 2.1 2.2 INT / GNI (%) 9.9 4.1 3.7 2.1 1.7 1.5 1.5 1.7 RES / EDT (%) 13.7 29.8 46.8 50.8 64.4 67.5 71.0 87.3 RES / MGS (months) 3.5 5.2 6.5 7.3 8.8 6.7 5.4 6.2 Short-term / EDT (%) 12.4 10.2 9.7 6.8 8.9 6.2 7.6 8.7 Concessional / EDT (%) 29.8 41.4 48.1 42.1 46.3 49.3 49.2 49.8 Multilateral / EDT (%) 10.6 15.5 23.2 24.8 24.3 24.3 24.8 24.5 207 JORDAN (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 5. LONG-TERM DEBT DEBT OUTSTANDING (LDOD) 7,202 6,624 6,183 7,072 7,173 7,227 6,878 7,143 Public and publicly guaranteed 7,202 6,624 6,183 7,072 7,173 7,227 6,878 7,143 Official creditors 3,551 4,583 5,190 6,253 6,821 6,915 6,438 6,714 Multilateral 887 1,185 1,706 2,012 2,027 1,958 1,905 1,961 Concessional 209 278 601 631 651 669 709 772 Bilateral 2,664 3,397 3,484 4,241 4,794 4,957 4,533 4,754 Concessional 2,276 2,892 2,935 2,783 3,214 3,305 3,074 3,209 Private creditors 3,651 2,041 993 819 352 312 440 429 of which: Bonds 263 801 636 536 68 57 190 188 Commercial banks 1,604 337 1 1 0 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 Commercial banks and other 0 0 0 0 0 0 0 0 Memo: IBRD 516 736 798 1,020 1,017 971 925 897 IDA 77 69 57 52 50 47 45 42 Public sector LDOD 7,202 6,624 6,148 7,043 7,149 7,214 6,790 7,001 Private sector LDOD 0 0 35 28 24 13 88 142 DISBURSEMENTS 691 609 176 340 173 212 434 277 Public and publicly guaranteed 691 609 176 340 173 212 434 277 Official creditors 376 609 176 340 173 184 269 277 Multilateral 142 259 80 255 114 112 161 194 Concessional 10 53 32 54 64 66 93 107 Bilateral 234 351 96 85 58 72 108 83 Concessional 223 336 53 57 54 72 107 82 Private creditors 315 0 0 0 0 28 165 0 of which: Bonds 0 0 0 0 0 0 145 0 Commercial banks 73 0 0 0 0 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 Commercial banks and other 0 0 0 0 0 0 0 0 Memo: IBRD 123 158 38 166 35 29 48 43 IDA 0 0 0 0 0 0 0 0 PRINCIPAL REPAYMENTS 242 329 393 311 878 428 341 353 Public and publicly guaranteed 242 329 393 311 878 428 341 353 Official creditors 142 128 238 277 399 383 322 340 Multilateral 94 117 124 151 173 215 170 168 Concessional 12 21 27 46 59 51 53 54 Bilateral 48 11 114 126 226 168 152 172 Concessional 32 6 93 93 162 130 128 121 Private creditors 100 201 155 34 479 44 20 12 of which: Bonds 0 0 95 10 467 11 11 1 Commercial banks 69 135 19 0 0 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 Commercial banks and other 0 0 0 0 0 0 0 0 Memo: IBRD 52 77 53 56 65 86 73 78 IDA 1 2 3 3 3 3 3 3 INTEREST PAYMENTS (LINT) 310 209 239 173 157 146 160 196 Public and publicly guaranteed 310 209 239 173 157 146 160 196 Official creditors 123 116 158 138 127 134 153 179 Multilateral 54 63 91 80 73 71 76 90 Concessional 6 6 23 25 25 26 28 30 Bilateral 69 53 67 58 53 63 77 89 Concessional 57 40 48 39 48 51 62 64 Private creditors 187 94 80 35 31 13 7 18 of which: Bonds 14 41 46 28 26 4 4 12 Commercial banks 67 32 1 0 0 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 Commercial banks and other 0 0 0 0 0 0 0 0 Memo: IBRD 37 48 53 39 32 25 33 45 IDA 1 1 0 0 0 0 0 0 208 JORDAN (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 6. CURRENCY COMPOSITION OF PUBLIC AND PUBLICLY GUARANTEED DEBT (PERCENT) Euro .. .. .. 19.1 22.0 23.1 21.1 23.3 Japanese yen 5.8 25.6 27.5 21.4 23.1 22.6 20.1 18.3 Pound sterling 7.9 5.5 3.4 8.1 8.4 9.2 8.9 9.3 Swiss franc 0.8 0.5 0.4 0.5 1.2 1.2 1.1 0.7 U.S.dollars 45.7 28.9 29.3 29.9 24.0 22.9 26.4 25.9 7. DEBT RESTRUCTURINGS Total amount rescheduled 350 365 194 213 563 257 220 208 Debt stock rescheduled 0 0 0 0 0 0 0 0 Principal rescheduled 350 269 90 113 254 134 135 135 Official 193 117 60 94 234 113 114 116 Private 157 152 29 19 20 21 20 19 Interest rescheduled 0 97 62 100 176 96 85 73 Official 0 53 45 69 126 86 77 66 Private 0 44 17 30 51 10 8 7 Debt forgiven 0 322 28 0 53 68 0 0 Memo: interest forgiven 0 0 0 0 4 0 0 0 Debt stock reduction 0 0 120 66 8 30 0 0 of which debt buyback 0 0 85 0 0 0 0 0 8. DEBT STOCK-FLOW RECONCILIATION Total change in debt stocks 1,017 107 -728 574 229 -271 -370 304 Net flows on debt 604 484 -399 128 -580 -556 97 -48 Cross-currency valuation 309 57 -366 508 619 265 -545 283 9. AVERAGE TERMS OF NEW COMMITMENTS ALL CREDITORS Interest (%) 4.5 4.7 4.8 2.3 2.1 3.9 2.9 3.2 Maturity (years) 19.9 21.8 19.5 15.6 21.6 18.6 23.6 21.9 Grace period (years) 6.5 8.4 6.4 4.8 6.2 9.6 6.0 6.2 Grant element (%) 39.0 38.0 35.1 45.1 54.1 42.4 50.4 47.7 Official creditors Interest (%) 3.9 4.7 4.8 2.1 2.2 2.5 2.9 3.4 Maturity (years) 21.8 21.8 19.5 16.0 21.1 20.9 23.6 21.1 Grace period (years) 7.4 8.4 6.4 4.9 6.3 6.1 6.0 5.8 Grant element (%) 44.4 38.0 35.1 46.7 53.3 51.1 50.4 45.4 Private creditors Interest (%) 8.9 0.0 0.0 4.5 1.0 5.3 0.0 0.2 Maturity (years) 7.0 0.0 0.0 10.3 30.0 16.2 0.0 34.3 Grace period (years) 1.0 0.0 0.0 3.8 5.0 13.2 0.0 11.3 Grant element (%) 2.8 0.0 0.0 25.7 68.3 33.2 0.0 84.8 10. CONTRACTUAL OBLIGATIONS ON OUTSTANDING LONG-TERM DEBT 2007 2008 2009 2010 2011 2012 2013 2014 TOTAL Principal 568 512 540 562 577 586 576 506 Interest 298 294 275 254 231 205 179 153 Official creditors Principal 521 488 515 536 554 562 554 497 Interest 274 273 255 235 213 189 164 140 Bilateral creditors Principal 319 281 299 316 335 351 355 324 Interest 175 180 170 159 146 132 117 101 Multilateral creditors Principal 202 208 216 220 219 211 199 173 Interest 98 92 85 76 68 58 48 38 Private creditors Principal 47 24 25 26 23 24 22 10 Interest 24 22 20 19 17 16 15 13 Notes: 209 KAZAKHSTAN (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 1. SUMMARY DEBT DATA TOTAL DEBT STOCKS (EDT) .. 3,750 12,433 17,981 22,767 32,815 43,378 74,148 Long-term debt (LDOD) .. 2,937 11,472 16,139 19,954 28,872 35,327 61,569 Public and publicly guaranteed .. 2,834 3,623 3,210 3,469 3,233 2,177 2,136 Private nonguaranteed .. 103 7,849 12,928 16,485 25,639 33,150 59,433 Use of IMF credit .. 432 0 0 0 0 0 0 Short-term debt .. 381 961 1,842 2,813 3,943 8,051 12,579 of which interest arrears on LDOD .. 162 0 0 0 0 0 0 Official creditors .. 162 0 0 0 0 0 0 Private creditors .. 0 0 0 0 0 0 0 Memorandum items Principal arrears on LDOD .. 0 0 0 0 0 0 0 Official creditors .. 0 0 0 0 0 0 0 Private creditors .. 0 0 0 0 0 0 0 TOTAL DEBT FLOWS Disbursements .. 881 3,057 4,914 8,180 16,118 17,238 37,916 Long-term debt .. 740 3,057 4,914 8,180 16,118 17,238 37,916 IMF purchases .. 141 0 0 0 0 0 0 Principal repayments .. 105 2,595 3,388 4,509 7,868 11,450 12,172 Long-term debt .. 105 2,153 3,388 4,509 7,868 11,450 12,172 IMF repurchases .. 0 442 0 0 0 0 0 Net flows on debt .. 868 1,057 2,026 4,643 9,381 9,896 30,272 of which short-term debt .. 93 595 500 971 1,130 4,109 4,527 Interest payments (INT) .. 130 775 719 794 907 1,730 2,360 Long-term debt .. 102 713 666 723 811 1,526 1,953 IMF charges .. 17 11 0 0 0 0 0 Short-term debt .. 10 51 53 70 96 204 408 Net transfers on debt .. 739 282 1,307 3,849 8,474 8,165 27,911 Total debt service paid (TDS) .. 235 3,371 4,107 5,302 8,774 13,181 14,532 Long-term debt .. 207 2,866 4,054 5,232 8,678 12,976 14,124 IMF repurchases and charges .. 17 453 0 0 0 0 0 Short-term debt (interest only) .. 10 51 53 70 96 204 408 2. OTHER NET RESOURCE FLOWS (LONG-TERM) Net flow of long-term debt (ex. IMF) .. 635 904 1,526 3,672 8,251 5,787 25,744 Foreign direct investment (net) .. 964 1,283 2,590 2,092 4,157 1,975 6,143 Portfolio equity flows .. 0 19 39 64 -13 150 2,797 Grants (excluding technical coop.) .. 11 44 21 26 27 71 51 of which: Debt forgiveness grants .. .. 0 0 0 0 0 0 IDA grants .. .. .. 0 0 0 0 0 Memo: technical coop. grants .. 55 73 102 82 120 89 103 Interest on long-term debt .. 102 713 666 723 811 1,526 1,953 Profit remittances on FDI .. 74 1,046 1,007 1,432 2,347 4,633 7,639 3. MAJOR ECONOMIC AGGREGATES Gross national income (GNI) .. 20,191 17,150 23,507 29,089 40,300 51,757 71,686 Exports of goods, serv. & inc. (XGS) .. 6,020 10,544 11,908 15,239 23,088 31,265 43,084 Worker remit. & comp. of employees .. 116 122 205 147 165 178 187 Imports of goods & services (MGS) .. 6,292 10,362 12,939 15,308 22,211 31,852 43,598 International reserves (RES) .. 1,660 2,099 3,141 4,962 9,277 7,070 19,127 Current account balance .. -213 366 -1,024 -273 335 -1,056 -1,795 4. DEBT INDICATORS EDT / XGS (%) .. 62.3 117.9 151.0 149.4 142.1 138.7 172.1 EDT / GNI (%) .. 18.6 72.5 76.5 78.3 81.4 83.8 103.4 TDS / XGS (%) .. 3.9 32.0 34.5 34.8 38.0 42.2 33.7 INT / XGS (%) .. 2.2 7.4 6.0 5.2 3.9 5.5 5.5 INT / GNI (%) .. 0.6 4.5 3.1 2.7 2.2 3.3 3.3 RES / EDT (%) .. 44.3 16.9 17.5 21.8 28.3 16.3 25.8 RES / MGS (months) .. 3.2 2.4 2.9 3.9 5.0 2.7 5.3 Short-term / EDT (%) .. 10.2 7.7 10.2 12.4 12.0 18.6 17.0 Concessional / EDT (%) .. 2.7 3.3 2.7 3.3 3.0 2.1 1.3 Multilateral / EDT (%) .. 10.4 11.9 9.2 7.8 5.4 2.0 1.1 210 KAZAKHSTAN (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 5. LONG-TERM DEBT DEBT OUTSTANDING (LDOD) .. 2,937 11,472 16,139 19,954 28,872 35,327 61,569 Public and publicly guaranteed .. 2,834 3,623 3,210 3,469 3,233 2,177 2,136 Official creditors .. 2,293 2,239 2,299 2,620 2,761 1,780 1,762 Multilateral .. 392 1,482 1,647 1,775 1,772 869 823 Concessional .. 0 60 81 92 100 93 94 Bilateral .. 1,901 757 653 845 989 911 939 Concessional .. 100 356 412 663 884 832 873 Private creditors .. 541 1,384 911 849 472 396 374 of which: Bonds .. 0 1,000 650 650 350 350 350 Commercial banks .. 17 263 240 189 122 46 24 Private nonguaranteed .. 103 7,849 12,928 16,485 25,639 33,150 59,433 Bonds .. 0 100 400 1,125 4,500 7,550 13,814 Commercial banks and other .. 103 7,749 12,528 15,360 21,139 25,600 45,620 Memo: IBRD .. 295 1,057 1,178 1,265 1,275 599 502 IDA .. 0 0 0 0 0 0 0 Public sector LDOD .. 2,834 3,619 3,141 3,428 3,200 2,157 2,130 Private sector LDOD .. 103 7,852 12,997 16,526 25,672 33,170 59,439 DISBURSEMENTS .. 740 3,057 4,914 8,180 16,118 17,238 37,916 Public and publicly guaranteed .. 671 623 261 352 384 198 177 Official creditors .. 421 168 189 352 384 198 177 Multilateral .. 171 95 137 149 173 81 106 Concessional .. 0 5 16 6 5 2 0 Bilateral .. 250 73 52 204 211 117 71 Concessional .. 108 69 52 204 211 117 71 Private creditors .. 249 455 72 0 0 0 0 of which: Bonds .. 0 350 0 0 0 0 0 Commercial banks .. 17 105 72 0 0 0 0 Private nonguaranteed .. 69 2,434 4,653 7,828 15,734 17,040 37,739 Bonds .. 0 0 300 725 3,475 3,050 6,219 Commercial banks and other .. 69 2,434 4,353 7,103 12,259 13,990 31,520 Memo: IBRD .. 107 50 92 71 60 37 29 IDA .. 0 0 0 0 0 0 0 PRINCIPAL REPAYMENTS .. 105 2,153 3,388 4,509 7,868 11,450 12,172 Public and publicly guaranteed .. 95 216 644 272 690 1,090 222 Official creditors .. 27 133 176 200 311 1,018 200 Multilateral .. 0 31 83 118 218 921 160 Concessional .. 0 0 1 1 1 2 2 Bilateral .. 27 102 93 82 93 97 40 Concessional .. 0 9 11 14 15 72 27 Private creditors .. 68 83 468 72 379 72 22 of which: Bonds .. 0 0 350 0 300 0 0 Commercial banks .. 0 30 91 58 69 72 22 Private nonguaranteed .. 11 1,937 2,744 4,237 7,177 10,360 11,949 Bonds .. 0 0 0 0 100 0 0 Commercial banks and other .. 11 1,937 2,744 4,237 7,077 10,360 11,949 Memo: IBRD .. 0 20 56 75 87 658 130 IDA .. 0 0 0 0 0 0 0 INTEREST PAYMENTS (LINT) .. 102 713 666 723 811 1,526 1,953 Public and publicly guaranteed .. 100 235 229 195 187 146 113 Official creditors .. 59 124 104 105 96 102 71 Multilateral .. 15 82 77 73 70 73 44 Concessional .. 0 1 1 2 1 1 1 Bilateral .. 44 42 27 32 26 28 27 Concessional .. 2 10 11 19 17 22 22 Private creditors .. 41 112 125 90 90 44 42 of which: Bonds .. 0 90 109 80 80 39 39 Commercial banks .. 0 14 14 10 10 5 3 Private nonguaranteed .. 1 477 437 528 624 1,380 1,839 Bonds .. 0 11 27 99 96 543 834 Commercial banks and other .. 1 466 411 429 528 837 1,006 Memo: IBRD .. 14 62 51 48 44 54 31 IDA .. 0 0 0 0 0 0 0 211 KAZAKHSTAN (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 6. CURRENCY COMPOSITION OF PUBLIC AND PUBLICLY GUARANTEED DEBT (PERCENT) Euro .. .. .. 2.9 2.2 1.6 1.9 2.1 Japanese yen .. 8.9 13.8 14.3 18.6 24.6 32.6 34.9 Pound sterling .. 0.0 0.6 0.6 0.5 0.4 0.0 0.0 Swiss franc .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 U.S.dollars .. 6.9 61.2 59.7 56.8 50.4 53.9 53.5 7. DEBT RESTRUCTURINGS Total amount rescheduled .. 0 0 0 0 0 0 0 Debt stock rescheduled .. 0 0 0 0 0 0 0 Principal rescheduled .. 0 0 0 0 0 0 0 Official .. 0 0 0 0 0 0 0 Private .. 0 0 0 0 0 0 0 Interest rescheduled .. 0 0 0 0 0 0 0 Official .. 0 0 0 0 0 0 0 Private .. 0 0 0 0 0 0 0 Debt forgiven .. 0 0 0 0 0 0 0 Memo: interest forgiven .. 0 0 0 0 0 0 0 Debt stock reduction .. 0 0 0 0 0 0 0 of which debt buyback .. 0 0 0 0 0 0 0 8. DEBT STOCK-FLOW RECONCILIATION Total change in debt stocks .. 961 6,304 3,094 4,786 10,048 10,564 30,770 Net flows on debt .. 868 1,057 2,026 4,643 9,381 9,896 30,272 Cross-currency valuation .. -222 -162 154 177 65 -176 4 9. AVERAGE TERMS OF NEW COMMITMENTS ALL CREDITORS Interest (%) .. 5.5 8.3 4.9 1.9 1.8 4.6 5.7 Maturity (years) .. 13.4 13.2 6.7 22.5 24.6 16.8 16.3 Grace period (years) .. 4.3 6.5 3.2 6.7 5.1 5.3 4.8 Grant element (%) .. 22.4 14.6 20.3 55.9 58.8 33.4 25.4 Official creditors Interest (%) .. 5.5 3.0 3.2 1.9 1.8 4.6 5.7 Maturity (years) .. 14.3 27.6 5.1 22.5 24.6 16.8 16.3 Grace period (years) .. 4.5 8.4 5.1 6.7 5.1 5.3 4.8 Grant element (%) .. 23.8 55.2 25.8 55.9 58.8 33.4 25.4 Private creditors Interest (%) .. 6.4 11.0 5.2 0.0 0.0 0.0 0.0 Maturity (years) .. 5.9 6.0 7.0 0.0 0.0 0.0 0.0 Grace period (years) .. 2.3 5.6 2.9 0.0 0.0 0.0 0.0 Grant element (%) .. 10.4 -5.5 19.2 0.0 0.0 0.0 0.0 10. CONTRACTUAL OBLIGATIONS ON OUTSTANDING LONG-TERM DEBT 2007 2008 2009 2010 2011 2012 2013 2014 TOTAL Principal 11,839 10,531 11,551 7,564 9,061 4,243 1,881 2,167 Interest 2,788 2,404 1,880 1,408 877 542 435 330 Official creditors Principal 137 136 143 152 164 178 156 152 Interest 77 76 74 70 65 59 53 46 Bilateral creditors Principal 47 53 56 61 65 69 62 62 Interest 27 26 25 23 21 19 17 15 Multilateral creditors Principal 89 83 86 90 100 109 94 90 Interest 50 50 49 47 44 40 35 31 Private creditors Principal 11,703 10,394 11,408 7,412 8,897 4,065 1,725 2,016 Interest 2,711 2,327 1,806 1,337 812 482 382 283 Notes: Private nonguaranteed debt includes only registered private debt of National Bank of Kazakhstan. Short-term debt data have been revised from 2000 based on data from the National Bank of Kazakhstan. 212 KENYA (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 1. SUMMARY DEBT DATA TOTAL DEBT STOCKS (EDT) 7,055 7,309 6,145 6,128 6,869 6,919 6,428 6,534 Long-term debt (LDOD) 5,639 6,302 5,220 5,294 5,848 6,081 5,770 5,807 Public and publicly guaranteed 4,759 5,857 5,045 5,245 5,824 6,071 5,770 5,807 Private nonguaranteed 880 445 175 49 24 10 0 0 Use of IMF credit 482 374 127 88 112 103 159 153 Short-term debt 934 634 798 746 909 735 499 574 of which interest arrears on LDOD 95 31 47 47 20 3 21 33 Official creditors 49 23 18 39 18 1 3 7 Private creditors 46 9 29 8 2 2 18 26 Memorandum items Principal arrears on LDOD 72 6 142 136 27 40 141 324 Official creditors 22 2 41 88 16 10 13 124 Private creditors 50 4 101 48 11 31 128 200 TOTAL DEBT FLOWS Disbursements 777 677 382 385 540 244 241 126 Long-term debt 640 677 337 385 505 244 167 126 IMF purchases 136 0 44 0 35 0 74 0 Principal repayments 457 605 449 414 446 271 447 339 Long-term debt 352 566 407 396 427 257 440 326 IMF repurchases 105 39 42 18 20 14 7 14 Net flows on debt 613 78 -27 101 284 -184 -460 -151 of which short-term debt 294 6 41 130 190 -157 -254 63 Interest payments (INT) 333 299 142 116 133 85 91 94 Long-term debt 230 261 100 96 109 60 72 70 IMF charges 26 2 1 0 0 1 1 1 Short-term debt 78 36 41 19 24 24 18 23 Net transfers on debt 280 -222 -169 -14 151 -269 -552 -244 Total debt service paid (TDS) 791 904 591 530 579 356 538 433 Long-term debt 582 827 506 492 535 317 512 396 IMF repurchases and charges 131 41 43 19 20 15 8 14 Short-term debt (interest only) 78 36 41 19 24 24 18 23 2. OTHER NET RESOURCE FLOWS (LONG-TERM) Net flow of long-term debt (ex. IMF) 288 111 -69 -11 79 -13 -273 -200 Foreign direct investment (net) 57 32 111 28 82 46 21 51 Portfolio equity flows 0 6 -6 3 1 3 3 2 Grants (excluding technical coop.) 977 242 202 234 329 400 489 651 of which: Debt forgiveness grants .. .. 11 10 12 24 19 17 IDA grants .. .. .. 0 29 19 2 14 Memo: technical coop. grants 207 221 136 166 173 214 221 284 Interest on long-term debt 230 261 100 96 109 60 72 70 Profit remittances on FDI 132 91 29 75 32 31 35 39 3. MAJOR ECONOMIC AGGREGATES Gross national income (GNI) 8,224 8,726 12,575 13,028 14,821 16,119 19,167 22,850 Exports of goods, serv. & inc. (XGS) 2,233 2,974 2,821 3,308 3,735 4,698 5,833 6,633 Worker remit. & comp. of employees 139 298 538 433 538 620 805 1,128 Imports of goods & services (MGS) 3,128 3,892 3,941 4,046 4,407 5,461 6,921 8,369 International reserves (RES) 236 384 898 1,068 1,482 1,520 1,799 2,416 Current account balance -527 -400 -199 -118 132 -137 -261 -526 4. DEBT INDICATORS EDT / XGS (%) 315.9 245.8 217.9 185.2 183.9 147.3 110.2 98.5 EDT / GNI (%) 85.8 83.8 48.9 47.0 46.3 42.9 33.5 28.6 TDS / XGS (%) 35.4 30.4 20.9 16.0 15.5 7.6 9.2 6.5 INT / XGS (%) 14.9 10.1 5.0 3.5 3.6 1.8 1.6 1.4 INT / GNI (%) 4.1 3.4 1.1 0.9 0.9 0.5 0.5 0.4 RES / EDT (%) 3.3 5.3 14.6 17.4 21.6 22.0 28.0 37.0 RES / MGS (months) 0.9 1.2 2.7 3.2 4.0 3.3 3.1 3.5 Short-term / EDT (%) 13.2 8.7 13.0 12.2 13.2 10.6 7.8 8.8 Concessional / EDT (%) 33.7 52.7 66.7 75.7 74.1 77.7 76.9 78.5 Multilateral / EDT (%) 35.3 39.7 46.1 48.3 47.9 50.5 53.3 52.6 213 KENYA (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 5. LONG-TERM DEBT DEBT OUTSTANDING (LDOD) 5,639 6,302 5,220 5,294 5,848 6,081 5,770 5,807 Public and publicly guaranteed 4,759 5,857 5,045 5,245 5,824 6,071 5,770 5,807 Official creditors 3,712 5,212 4,563 4,929 5,417 5,711 5,420 5,503 Multilateral 2,492 2,903 2,836 2,961 3,288 3,497 3,426 3,437 Concessional 1,395 2,248 2,596 2,802 3,127 3,330 3,089 3,217 Bilateral 1,220 2,309 1,728 1,969 2,129 2,214 1,994 2,066 Concessional 983 1,606 1,500 1,839 1,962 2,049 1,851 1,914 Private creditors 1,047 645 482 315 407 360 351 305 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 880 510 436 283 316 277 279 230 Private nonguaranteed 880 445 175 49 24 10 0 0 Bonds 0 0 0 0 0 0 0 0 Commercial banks and other 880 445 175 49 24 10 0 0 Memo: IBRD 871 435 47 13 6 1 0 0 IDA 1,185 1,977 2,262 2,447 2,736 2,882 2,663 2,764 Public sector LDOD 4,759 5,857 5,045 5,245 5,824 6,071 5,770 5,807 Private sector LDOD 880 445 175 49 24 10 0 0 DISBURSEMENTS 640 677 337 385 505 244 167 126 Public and publicly guaranteed 585 677 337 385 505 244 167 126 Official creditors 404 545 252 250 232 203 138 126 Multilateral 297 219 196 72 150 148 65 76 Concessional 264 181 184 70 129 126 63 69 Bilateral 106 326 56 179 82 55 74 49 Concessional 105 326 56 179 82 55 74 49 Private creditors 182 132 85 135 274 42 28 0 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 119 72 77 131 169 42 28 0 Private nonguaranteed 55 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 Commercial banks and other 55 0 0 0 0 0 0 0 Memo: IBRD 3 0 0 0 0 0 0 0 IDA 234 159 170 66 122 78 34 41 PRINCIPAL REPAYMENTS 352 566 407 396 427 257 440 326 Public and publicly guaranteed 315 481 362 336 401 243 430 326 Official creditors 180 271 241 194 263 151 356 257 Multilateral 127 150 112 81 102 90 327 220 Concessional 9 18 36 49 59 62 64 70 Bilateral 53 120 129 113 161 61 29 37 Concessional 25 51 40 89 138 43 24 34 Private creditors 135 210 121 141 139 92 74 69 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 114 164 108 138 131 83 72 67 Private nonguaranteed 37 85 45 60 25 14 10 0 Bonds 0 0 0 0 0 0 0 0 Commercial banks and other 37 85 45 60 25 14 10 0 Memo: IBRD 95 100 40 12 8 5 1 0 IDA 4 9 29 42 48 52 54 60 INTEREST PAYMENTS (LINT) 230 261 100 96 109 60 72 70 Public and publicly guaranteed 193 220 81 88 108 59 72 70 Official creditors 134 167 55 65 85 51 66 65 Multilateral 100 77 38 29 35 33 48 36 Concessional 9 17 20 21 23 25 27 27 Bilateral 34 89 17 35 50 18 17 29 Concessional 14 42 10 30 46 14 15 24 Private creditors 59 53 27 23 23 8 6 5 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 52 45 23 21 21 6 6 3 Private nonguaranteed 38 41 19 8 1 1 0 0 Bonds 0 0 0 0 0 0 0 0 Commercial banks and other 38 41 19 8 1 1 0 0 Memo: IBRD 78 43 7 1 1 0 0 0 IDA 7 14 16 17 19 22 23 22 214 KENYA (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 6. CURRENCY COMPOSITION OF PUBLIC AND PUBLICLY GUARANTEED DEBT (PERCENT) Euro .. .. .. 13.9 15.1 16.4 19.2 19.0 Japanese yen 8.4 18.6 20.1 21.5 20.4 19.6 18.5 17.9 Pound sterling 8.7 3.8 2.5 1.4 0.8 0.6 0.6 0.7 Swiss franc 3.4 4.2 1.4 0.4 0.2 0.2 0.1 0.1 U.S.dollars 30.9 35.8 49.7 50.2 51.5 50.8 49.3 49.1 7. DEBT RESTRUCTURINGS Total amount rescheduled 0 0 122 9 10 153 127 144 Debt stock rescheduled 0 0 0 0 0 0 0 52 Principal rescheduled 0 0 83 0 9 124 73 65 Official 0 0 79 0 0 122 70 65 Private 0 0 5 0 9 2 3 0 Interest rescheduled 0 0 27 0 1 21 30 25 Official 0 0 26 0 0 19 30 25 Private 0 0 1 0 1 2 1 0 Debt forgiven 84 0 10 0 1 19 1 5 Memo: interest forgiven 13 0 0 0 0 3 2 3 Debt stock reduction 0 0 0 0 0 0 0 7 of which debt buyback 0 0 0 0 0 0 0 0 8. DEBT STOCK-FLOW RECONCILIATION Total change in debt stocks 1,166 185 -330 607 741 50 -491 106 Net flows on debt 613 78 -27 101 284 -184 -460 -151 Cross-currency valuation 89 -253 -302 388 516 231 -503 243 9. AVERAGE TERMS OF NEW COMMITMENTS ALL CREDITORS Interest (%) 4.3 2.9 1.1 3.4 2.0 0.8 1.3 1.8 Maturity (years) 24.9 25.9 38.6 10.2 24.8 38.4 35.6 33.1 Grace period (years) 7.4 6.8 9.9 2.0 5.5 -1.1 8.3 8.7 Grant element (%) 44.6 49.3 76.2 24.3 52.8 76.0 70.0 66.4 Official creditors Interest (%) 3.1 2.1 1.1 0.9 1.7 0.8 1.3 1.8 Maturity (years) 29.6 35.7 39.0 31.0 30.5 40.1 35.6 33.1 Grace period (years) 8.4 9.8 10.0 8.0 7.1 -1.2 8.3 8.7 Grant element (%) 56.7 66.8 77.1 69.6 63.4 78.2 70.0 66.4 Private creditors Interest (%) 7.4 4.8 7.5 4.1 3.0 0.0 0.0 0.0 Maturity (years) 12.8 5.2 5.9 3.6 6.8 10.5 0.0 0.0 Grace period (years) 4.9 0.6 1.4 0.2 0.3 0.5 0.0 0.0 Grant element (%) 13.2 12.4 6.7 10.0 19.4 38.3 0.0 0.0 10. CONTRACTUAL OBLIGATIONS ON OUTSTANDING LONG-TERM DEBT 2007 2008 2009 2010 2011 2012 2013 2014 TOTAL Principal 298 288 249 260 284 294 302 298 Interest 87 84 81 79 77 73 68 62 Official creditors Principal 263 267 234 250 279 289 297 292 Interest 84 83 80 78 76 72 67 62 Bilateral creditors Principal 159 162 131 136 155 157 160 149 Interest 52 51 49 47 46 42 38 34 Multilateral creditors Principal 104 104 103 115 124 132 136 143 Interest 32 32 31 31 31 30 29 28 Private creditors Principal 35 21 15 10 5 5 5 5 Interest 3 2 1 1 1 1 0 0 Notes: 215 KYRGYZ REPUBLIC (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 1. SUMMARY DEBT DATA TOTAL DEBT STOCKS (EDT) .. 609 1,827 1,851 2,024 2,111 2,027 2,382 Long-term debt (LDOD) .. 472 1,510 1,647 1,783 1,897 1,825 2,111 Public and publicly guaranteed .. 472 1,220 1,397 1,585 1,742 1,665 1,860 Private nonguaranteed .. 0 290 250 199 154 161 251 Use of IMF credit .. 124 188 185 202 207 178 163 Short-term debt .. 13 129 19 39 7 24 108 of which interest arrears on LDOD .. 11 10 10 3 3 3 4 Official creditors .. 11 9 1 1 3 3 4 Private creditors .. 0 1 8 1 0 0 0 Memorandum items Principal arrears on LDOD .. 11 28 10 4 12 6 4 Official creditors .. 11 25 4 3 7 6 4 Private creditors .. 0 3 6 1 6 0 0 TOTAL DEBT FLOWS Disbursements .. 201 180 156 142 156 151 191 Long-term debt .. 155 161 141 112 127 133 187 IMF purchases .. 46 19 15 30 28 18 4 Principal repayments .. 36 97 99 134 131 104 73 Long-term debt .. 36 86 76 102 99 74 46 IMF repurchases .. 0 11 24 32 32 31 27 Net flows on debt .. 165 152 22 35 -8 63 201 of which short-term debt .. 0 69 -35 27 -32 17 83 Interest payments (INT) .. 24 76 30 29 30 23 24 Long-term debt .. 20 69 27 27 28 21 21 IMF charges .. 4 2 1 1 1 1 1 Short-term debt .. 0 5 1 1 0 0 2 Net transfers on debt .. 141 76 -8 6 -37 41 177 Total debt service paid (TDS) .. 60 173 129 163 161 127 97 Long-term debt .. 56 155 103 129 127 95 66 IMF repurchases and charges .. 4 14 25 33 33 32 28 Short-term debt (interest only) .. 0 5 1 1 0 0 2 2. OTHER NET RESOURCE FLOWS (LONG-TERM) Net flow of long-term debt (ex. IMF) .. 119 75 65 10 28 59 141 Foreign direct investment (net) .. 96 -2 5 46 175 43 182 Portfolio equity flows .. 0 0 0 0 0 0 0 Grants (excluding technical coop.) .. 54 44 41 46 53 121 105 of which: Debt forgiveness grants .. .. 0 0 0 0 7 0 IDA grants .. .. .. 0 0 1 6 10 Memo: technical coop. grants .. 29 38 72 68 111 92 100 Interest on long-term debt .. 20 69 27 27 28 21 21 Profit remittances on FDI .. 0 37 20 27 58 34 26 3. MAJOR ECONOMIC AGGREGATES Gross national income (GNI) .. 1,626 1,288 1,548 1,857 2,110 2,385 2,784 Exports of goods, serv. & inc. (XGS) .. 453 592 677 824 1,130 1,272 1,694 Worker remit. & comp. of employees .. 1 9 37 78 189 322 481 Imports of goods & services (MGS) .. 765 753 783 950 1,237 1,488 2,323 International reserves (RES) .. 134 262 317 399 565 612 817 Current account balance .. -235 -76 -30 -42 29 -29 -386 4. DEBT INDICATORS EDT / XGS (%) .. 134.5 308.6 273.5 245.6 186.9 159.4 140.6 EDT / GNI (%) .. 37.5 141.9 119.6 109.0 100.1 85.0 85.6 TDS / XGS (%) .. 13.2 29.3 19.0 19.8 14.2 10.0 5.7 INT / XGS (%) .. 5.2 12.8 4.4 3.5 2.6 1.8 1.4 INT / GNI (%) .. 1.4 5.9 1.9 1.5 1.4 0.9 0.8 RES / EDT (%) .. 21.9 14.3 17.1 19.7 26.7 30.2 34.3 RES / MGS (months) .. 2.1 4.2 4.9 5.0 5.5 4.9 4.2 Short-term / EDT (%) .. 2.1 7.1 1.0 1.9 0.4 1.2 4.5 Concessional / EDT (%) .. 60.2 48.1 62.5 68.1 74.2 80.6 77.2 Multilateral / EDT (%) .. 30.3 39.5 47.9 50.2 53.7 54.2 49.9 216 KYRGYZ REPUBLIC (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 5. LONG-TERM DEBT DEBT OUTSTANDING (LDOD) .. 472 1,510 1,647 1,783 1,897 1,825 2,111 Public and publicly guaranteed .. 472 1,220 1,397 1,585 1,742 1,665 1,860 Official creditors .. 472 1,184 1,388 1,576 1,736 1,665 1,860 Multilateral .. 184 722 886 1,016 1,134 1,099 1,188 Concessional .. 174 647 826 967 1,094 1,068 1,167 Bilateral .. 288 461 501 560 602 566 672 Concessional .. 193 233 330 411 473 566 672 Private creditors .. 0 37 10 8 6 0 0 of which: Bonds .. 0 0 0 0 0 0 0 Commercial banks .. 0 28 0 0 0 0 0 Private nonguaranteed .. 0 290 250 199 154 161 251 Bonds .. 0 0 0 0 0 0 0 Commercial banks and other .. 0 290 250 199 154 161 251 Memo: IBRD .. 0 0 0 0 0 0 0 IDA .. 141 377 454 530 579 565 612 Public sector LDOD .. 472 1,220 1,397 1,585 1,742 1,665 1,860 Private sector LDOD .. 0 290 250 199 154 161 251 DISBURSEMENTS .. 155 161 141 112 127 133 187 Public and publicly guaranteed .. 155 153 80 80 95 76 80 Official creditors .. 155 149 80 80 95 76 80 Multilateral .. 124 107 67 65 85 70 71 Concessional .. 115 97 67 65 85 70 71 Bilateral .. 31 42 13 15 10 6 9 Concessional .. 26 42 13 15 10 6 9 Private creditors .. 0 4 0 0 0 0 0 of which: Bonds .. 0 0 0 0 0 0 0 Commercial banks .. 0 0 0 0 0 0 0 Private nonguaranteed .. 0 8 61 32 32 57 107 Bonds .. 0 0 0 0 0 0 0 Commercial banks and other .. 0 8 61 32 32 57 107 Memo: IBRD .. 0 0 0 0 0 0 0 IDA .. 81 52 33 32 25 34 26 PRINCIPAL REPAYMENTS .. 36 86 76 102 99 74 46 Public and publicly guaranteed .. 36 17 33 16 13 16 20 Official creditors .. 36 13 9 16 13 16 20 Multilateral .. 30 8 9 13 12 16 20 Concessional .. 0 0 0 1 4 7 11 Bilateral .. 6 5 0 3 0 0 0 Concessional .. 0 1 0 0 0 0 0 Private creditors .. 0 4 24 0 0 0 0 of which: Bonds .. 0 0 0 0 0 0 0 Commercial banks .. 0 2 23 0 0 0 0 Private nonguaranteed .. 0 69 43 86 86 57 26 Bonds .. 0 0 0 0 0 0 0 Commercial banks and other .. 0 69 43 86 86 57 26 Memo: IBRD .. 0 0 0 0 0 0 0 IDA .. 0 0 0 1 2 4 6 INTEREST PAYMENTS (LINT) .. 20 69 27 27 28 21 21 Public and publicly guaranteed .. 20 23 13 12 13 12 15 Official creditors .. 20 20 13 12 13 12 15 Multilateral .. 3 11 10 10 11 12 12 Concessional .. 1 5 7 8 9 10 10 Bilateral .. 17 10 3 2 2 0 2 Concessional .. 11 6 1 1 2 0 2 Private creditors .. 0 2 1 0 0 0 0 of which: Bonds .. 0 0 0 0 0 0 0 Commercial banks .. 0 2 0 0 0 0 0 Private nonguaranteed .. 0 47 14 15 15 9 6 Bonds .. 0 0 0 0 0 0 0 Commercial banks and other .. 0 47 14 15 15 9 6 Memo: IBRD .. 0 0 0 0 0 0 0 IDA .. 1 3 3 4 5 5 5 217 KYRGYZ REPUBLIC (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 6. CURRENCY COMPOSITION OF PUBLIC AND PUBLICLY GUARANTEED DEBT (PERCENT) Euro .. .. .. 2.5 3.1 3.3 2.8 3.1 Japanese yen .. 14.3 15.0 14.1 14.6 14.3 13.5 12.3 Pound sterling .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Swiss franc .. 1.3 0.0 0.0 0.0 0.0 0.0 0.0 U.S.dollars .. 51.4 67.9 68.7 67.7 68.1 69.5 66.0 7. DEBT RESTRUCTURINGS Total amount rescheduled .. 0 32 25 42 46 520 7 Debt stock rescheduled .. 0 0 0 0 0 487 0 Principal rescheduled .. 0 22 14 28 30 29 0 Official .. 0 22 12 26 27 29 0 Private .. 0 0 2 2 2 0 0 Interest rescheduled .. 0 1 11 12 10 6 0 Official .. 0 1 11 12 9 5 0 Private .. 0 0 0 0 0 1 0 Debt forgiven .. 0 0 0 0 0 11 0 Memo: interest forgiven .. 0 0 0 0 0 0 0 Debt stock reduction .. 0 0 0 0 0 6 0 of which debt buyback .. 0 0 0 0 0 0 0 8. DEBT STOCK-FLOW RECONCILIATION Total change in debt stocks .. 163 92 133 173 87 -84 354 Net flows on debt .. 165 152 22 35 -8 63 201 Cross-currency valuation .. -24 -67 96 125 67 -141 52 9. AVERAGE TERMS OF NEW COMMITMENTS ALL CREDITORS Interest (%) .. 3.7 1.0 1.2 1.2 1.2 1.1 1.4 Maturity (years) .. 28.9 35.8 31.4 34.2 34.4 35.0 31.6 Grace period (years) .. 8.1 9.5 8.4 8.8 8.8 9.0 8.1 Grant element (%) .. 50.4 76.4 70.9 71.8 73.6 74.3 70.0 Official creditors Interest (%) .. 3.7 1.0 1.2 1.2 1.2 1.1 1.4 Maturity (years) .. 28.9 35.8 31.4 34.2 34.4 35.0 31.6 Grace period (years) .. 8.1 9.5 8.4 8.8 8.8 9.0 8.1 Grant element (%) .. 50.4 76.4 70.9 71.8 73.6 74.3 70.0 Private creditors Interest (%) .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Maturity (years) .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Grace period (years) .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Grant element (%) .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 10. CONTRACTUAL OBLIGATIONS ON OUTSTANDING LONG-TERM DEBT 2007 2008 2009 2010 2011 2012 2013 2014 TOTAL Principal 231 91 69 64 63 64 66 69 Interest 34 32 32 30 29 28 26 26 Official creditors Principal 38 51 62 60 61 63 65 68 Interest 29 30 30 29 28 27 26 25 Bilateral creditors Principal 13 17 23 22 22 22 23 23 Interest 12 12 12 12 11 11 10 10 Multilateral creditors Principal 25 34 39 38 39 40 42 45 Interest 16 17 18 17 17 16 16 15 Private creditors Principal 193 39 7 4 2 2 1 1 Interest 5 2 2 1 1 1 1 0 Notes: Rescheduling: Data include the effects of the Paris Club debt restructuring agreement signed on March 11, 2005. 218 LAO PEOPLE'S DEMOCRATIC REPUBLIC (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 1. SUMMARY DEBT DATA TOTAL DEBT STOCKS (EDT) 1,768 2,165 2,502 2,949 2,197 2,524 2,690 2,985 Long-term debt (LDOD) 1,757 2,091 2,453 2,904 2,152 2,480 2,656 2,953 Public and publicly guaranteed 1,757 2,091 2,453 2,620 1,895 2,037 1,971 2,191 Private nonguaranteed 0 0 0 284 257 444 685 762 Use of IMF credit 8 64 42 43 44 38 29 27 Short-term debt 2 10 7 1 1 5 5 5 of which interest arrears on LDOD 0 0 0 0 0 0 0 0 Official creditors 0 0 0 0 0 0 0 0 Private creditors 0 0 0 0 0 0 0 0 Memorandum items Principal arrears on LDOD 1 0 1 0 0 0 0 0 Official creditors 1 0 1 0 0 0 0 0 Private creditors 0 0 0 0 0 0 0 0 TOTAL DEBT FLOWS Disbursements 152 110 82 253 384 239 383 162 Long-term debt 152 92 82 241 378 239 383 162 IMF purchases 0 18 0 12 6 0 0 0 Principal repayments 6 19 31 54 65 80 82 94 Long-term debt 5 17 23 45 56 72 76 91 IMF repurchases 1 2 8 9 9 8 6 3 Net flows on debt 147 90 55 198 319 163 301 68 of which short-term debt 1 -1 4 0 0 4 0 0 Interest payments (INT) 3 7 10 30 35 41 90 76 Long-term debt 3 6 9 30 35 41 89 75 IMF charges 0 0 0 0 0 0 0 0 Short-term debt 0 1 0 0 0 0 0 0 Net transfers on debt 144 83 45 168 284 122 211 -7 Total debt service paid (TDS) 9 26 41 84 100 121 172 169 Long-term debt 8 23 32 75 91 113 165 166 IMF repurchases and charges 1 2 8 9 9 8 6 3 Short-term debt (interest only) 0 1 0 0 0 0 0 0 2. OTHER NET RESOURCE FLOWS (LONG-TERM) Net flow of long-term debt (ex. IMF) 146 75 59 196 322 166 307 72 Foreign direct investment (net) 6 95 34 25 19 17 28 187 Portfolio equity flows 0 0 0 0 0 0 0 0 Grants (excluding technical coop.) 47 130 135 115 126 113 126 158 of which: Debt forgiveness grants .. .. 3 2 2 0 4 2 IDA grants .. .. .. 0 0 0 11 18 Memo: technical coop. grants 30 75 74 82 80 78 82 77 Interest on long-term debt 3 6 9 30 35 41 89 75 Profit remittances on FDI 0 6 0 0 0 0 0 0 3. MAJOR ECONOMIC AGGREGATES Gross national income (GNI) 866 1,758 1,665 1,765 2,025 2,410 2,618 3,028 Exports of goods, serv. & inc. (XGS) 105 415 513 .. .. .. .. .. Worker remit. & comp. of employees 11 22 1 1 1 1 1 1 Imports of goods & services (MGS) 215 761 638 .. .. .. .. .. International reserves (RES) 8 99 144 216 257 275 309 460 Current account balance -55 -237 -8 .. .. .. .. .. 4. DEBT INDICATORS EDT / XGS (%) 1,690.3 521.5 487.5 .. .. .. .. .. EDT / GNI (%) 204.3 123.2 150.3 167.0 108.5 104.7 102.8 98.6 TDS / XGS (%) 8.7 6.3 7.9 .. .. .. .. .. INT / XGS (%) 2.9 1.6 1.9 .. .. .. .. .. INT / GNI (%) 0.4 0.4 0.6 1.7 1.7 1.7 3.4 2.5 RES / EDT (%) 0.5 4.6 5.7 7.3 11.7 10.9 11.5 15.4 RES / MGS (months) 0.5 1.6 2.7 .. .. .. .. .. Short-term / EDT (%) 0.1 0.5 0.3 0.0 0.0 0.2 0.2 0.2 Concessional / EDT (%) 99.1 96.4 98.0 88.8 86.3 80.7 72.8 72.8 Multilateral / EDT (%) 15.1 28.7 41.6 41.5 65.2 62.0 56.4 55.2 219 LAO PEOPLE'S DEMOCRATIC REPUBLIC (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 5. LONG-TERM DEBT DEBT OUTSTANDING (LDOD) 1,757 2,091 2,453 2,904 2,152 2,480 2,656 2,953 Public and publicly guaranteed 1,757 2,091 2,453 2,620 1,895 2,037 1,971 2,191 Official creditors 1,757 2,091 2,453 2,620 1,895 2,037 1,971 2,191 Multilateral 266 620 1,041 1,223 1,432 1,564 1,516 1,648 Concessional 266 620 1,041 1,223 1,432 1,564 1,505 1,632 Bilateral 1,491 1,471 1,412 1,397 463 473 454 543 Concessional 1,485 1,466 1,410 1,397 463 473 454 543 Private creditors 0 0 0 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 Private nonguaranteed 0 0 0 284 257 444 685 762 Bonds 0 0 0 0 0 0 0 0 Commercial banks and other 0 0 0 284 257 444 685 762 Memo: IBRD 0 0 0 0 0 0 0 0 IDA 131 285 403 473 561 616 598 643 Public sector LDOD 1,757 2,091 2,453 2,620 1,895 2,037 1,971 2,191 Private sector LDOD 0 0 0 284 257 444 685 762 DISBURSEMENTS 152 92 82 241 378 239 383 162 Public and publicly guaranteed 152 92 82 85 104 85 113 102 Official creditors 152 92 82 85 104 85 113 102 Multilateral 78 92 73 85 104 85 113 102 Concessional 78 92 73 85 104 85 102 97 Bilateral 74 0 8 0 0 0 0 0 Concessional 74 0 8 0 0 0 0 0 Private creditors 0 0 0 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 Private nonguaranteed 0 0 0 156 274 154 270 60 Bonds 0 0 0 0 0 0 0 0 Commercial banks and other 0 0 0 156 274 154 270 60 Memo: IBRD 0 0 0 0 0 0 0 0 IDA 32 28 20 33 48 37 35 26 PRINCIPAL REPAYMENTS 5 17 23 45 56 72 76 91 Public and publicly guaranteed 5 17 23 25 29 31 35 46 Official creditors 5 17 23 25 29 31 35 46 Multilateral 3 4 9 12 16 20 22 25 Concessional 3 4 9 12 16 20 22 25 Bilateral 3 14 14 13 13 11 13 20 Concessional 2 13 13 12 12 11 13 20 Private creditors 0 0 0 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 Private nonguaranteed 0 0 0 20 27 41 41 45 Bonds 0 0 0 0 0 0 0 0 Commercial banks and other 0 0 0 20 27 41 41 45 Memo: IBRD 0 0 0 0 0 0 0 0 IDA 0 1 4 6 7 8 9 9 INTEREST PAYMENTS (LINT) 3 6 9 30 35 41 89 75 Public and publicly guaranteed 3 6 9 10 12 14 14 15 Official creditors 3 6 9 10 12 14 14 15 Multilateral 2 5 9 10 11 13 14 15 Concessional 2 5 9 10 11 13 14 14 Bilateral 1 1 1 0 0 0 0 0 Concessional 1 1 0 0 0 0 0 0 Private creditors 0 0 0 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 Private nonguaranteed 0 0 0 20 23 27 75 60 Bonds 0 0 0 0 0 0 0 0 Commercial banks and other 0 0 0 20 23 27 75 60 Memo: IBRD 0 0 0 0 0 0 0 0 IDA 1 2 3 3 4 5 5 5 220 LAO PEOPLE'S DEMOCRATIC REPUBLIC (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 6. CURRENCY COMPOSITION OF PUBLIC AND PUBLICLY GUARANTEED DEBT (PERCENT) Euro .. .. .. 0.0 0.0 0.0 0.0 0.0 Japanese yen 1.5 1.1 1.2 1.4 2.1 1.9 1.7 1.5 Pound sterling 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Swiss franc 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 U.S.dollars 7.1 13.1 17.4 21.9 38.1 40.7 42.8 48.3 7. DEBT RESTRUCTURINGS Total amount rescheduled 0 0 0 0 0 0 0 0 Debt stock rescheduled 0 0 0 0 0 0 0 0 Principal rescheduled 0 0 0 0 0 0 0 0 Official 0 0 0 0 0 0 0 0 Private 0 0 0 0 0 0 0 0 Interest rescheduled 0 0 0 0 0 0 0 0 Official 0 0 0 0 0 0 0 0 Private 0 0 0 0 0 0 0 0 Debt forgiven 0 0 0 0 0 0 0 0 Memo: interest forgiven 0 0 0 0 0 0 0 0 Debt stock reduction 0 0 0 0 905 0 0 0 of which debt buyback 0 0 0 0 0 0 0 0 8. DEBT STOCK-FLOW RECONCILIATION Total change in debt stocks 296 85 -25 454 -752 327 167 295 Net flows on debt 147 90 55 198 319 163 301 68 Cross-currency valuation 141 -31 -73 100 135 68 -145 54 9. AVERAGE TERMS OF NEW COMMITMENTS ALL CREDITORS Interest (%) 0.9 2.5 1.4 0.8 1.3 1.1 1.7 0.0 Maturity (years) 39.9 37.1 31.6 39.6 32.0 35.6 22.4 0.0 Grace period (years) 10.0 9.7 8.1 10.1 8.4 9.1 6.1 0.0 Grant element (%) 79.0 62.0 69.9 80.5 71.0 75.2 56.5 0.0 Official creditors Interest (%) 0.9 2.5 1.4 0.8 1.3 1.1 1.7 0.0 Maturity (years) 39.9 37.1 31.6 39.6 32.0 35.6 22.4 0.0 Grace period (years) 10.0 9.7 8.1 10.1 8.4 9.1 6.1 0.0 Grant element (%) 79.0 62.0 69.9 80.5 71.0 75.2 56.5 0.0 Private creditors Interest (%) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Maturity (years) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Grace period (years) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Grant element (%) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 10. CONTRACTUAL OBLIGATIONS ON OUTSTANDING LONG-TERM DEBT 2007 2008 2009 2010 2011 2012 2013 2014 TOTAL Principal 286 213 226 313 86 90 93 98 Interest 104 106 82 101 23 22 22 21 Official creditors Principal 58 67 73 78 86 90 93 98 Interest 22 23 23 23 23 22 22 21 Bilateral creditors Principal 27 27 27 27 27 27 27 27 Interest 0 0 0 0 0 0 0 0 Multilateral creditors Principal 31 40 45 50 59 63 66 70 Interest 22 22 23 23 22 22 21 21 Private creditors Principal 228 146 154 235 0 0 0 0 Interest 82 84 59 78 0 0 0 0 Notes: Data on long-term public and publicly guaranteed debt for 2006 are World Bank staff estimates and based on reports provided by the country. 221 LATVIA (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 1. SUMMARY DEBT DATA TOTAL DEBT STOCKS (EDT) .. 463 4,855 6,808 8,803 12,708 14,505 22,795 Long-term debt (LDOD) .. 271 1,979 2,630 3,166 5,001 7,013 12,319 Public and publicly guaranteed .. 271 827 1,124 1,238 1,580 1,318 1,555 Private nonguaranteed .. 0 1,151 1,507 1,928 3,421 5,694 10,764 Use of IMF credit .. 160 35 16 6 0 0 0 Short-term debt .. 31 2,842 4,163 5,632 7,708 7,493 10,476 of which interest arrears on LDOD .. 0 0 0 0 0 0 0 Official creditors .. 0 0 0 0 0 0 0 Private creditors .. 0 0 0 0 0 0 0 Memorandum items Principal arrears on LDOD .. 0 0 0 0 0 0 0 Official creditors .. 0 0 0 0 0 0 0 Private creditors .. 0 0 0 0 0 0 0 TOTAL DEBT FLOWS Disbursements .. 75 410 580 900 2,425 5,160 6,862 Long-term debt .. 75 410 580 900 2,425 5,160 6,862 IMF purchases .. 0 0 0 0 0 0 0 Principal repayments .. 10 330 490 752 1,055 2,699 2,540 Long-term debt .. 7 319 480 741 1,049 2,699 2,540 IMF repurchases .. 3 10 10 11 6 0 0 Net flows on debt .. 90 848 1,218 1,393 3,446 2,246 7,305 of which short-term debt .. 25 767 1,128 1,245 2,076 -215 2,983 Interest payments (INT) .. 24 270 160 182 384 545 739 Long-term debt .. 14 107 95 122 117 165 290 IMF charges .. 9 2 1 0 0 0 0 Short-term debt .. 1 161 64 60 267 380 449 Net transfers on debt .. 66 578 1,058 1,211 3,062 1,700 6,566 Total debt service paid (TDS) .. 34 599 650 934 1,438 3,244 3,279 Long-term debt .. 21 426 575 863 1,166 2,864 2,830 IMF repurchases and charges .. 12 12 10 11 6 0 0 Short-term debt (interest only) .. 1 161 64 60 267 380 449 2. OTHER NET RESOURCE FLOWS (LONG-TERM) Net flow of long-term debt (ex. IMF) .. 68 91 100 159 1,376 2,461 4,322 Foreign direct investment (net) .. 180 413 254 304 638 730 1,664 Portfolio equity flows .. 0 -7 23 39 32 12 22 Grants (excluding technical coop.) .. 24 68 68 99 148 0 0 of which: Debt forgiveness grants .. .. 0 0 0 0 0 0 IDA grants .. .. .. 0 0 0 0 0 Memo: technical coop. grants .. 38 15 10 15 15 0 0 Interest on long-term debt .. 14 107 95 122 117 165 290 Profit remittances on FDI .. 0 92 105 211 529 617 983 3. MAJOR ECONOMIC AGGREGATES Gross national income (GNI) .. 5,259 7,814 9,342 11,160 13,441 15,735 19,445 Exports of goods, serv. & inc. (XGS) .. 2,159 3,447 4,074 5,046 6,501 8,297 9,862 Worker remit. & comp. of employees .. 0 72 138 173 229 381 482 Imports of goods & services (MGS) .. 2,246 4,010 4,960 6,495 8,955 10,884 14,862 International reserves (RES) .. 602 919 1,327 1,536 2,021 2,360 4,511 Current account balance .. -16 -371 -625 -921 -1,762 -1,992 -4,522 4. DEBT INDICATORS EDT / XGS (%) .. 21.4 140.8 167.1 174.5 195.5 174.8 231.1 EDT / GNI (%) .. 8.8 62.1 72.9 78.9 94.6 92.2 117.2 TDS / XGS (%) .. 1.6 17.4 16.0 18.5 22.1 39.1 33.3 INT / XGS (%) .. 1.1 7.8 3.9 3.6 5.9 6.6 7.5 INT / GNI (%) .. 0.5 3.5 1.7 1.6 2.9 3.5 3.8 RES / EDT (%) .. 130.1 18.9 19.5 17.5 15.9 16.3 19.8 RES / MGS (months) .. 3.2 2.8 3.2 2.8 2.7 2.6 3.6 Short-term / EDT (%) .. 6.7 58.5 61.1 64.0 60.6 51.7 46.0 Concessional / EDT (%) .. 12.7 1.0 0.9 0.9 0.7 0.4 0.4 Multilateral / EDT (%) .. 30.1 11.2 8.9 7.3 3.1 2.1 1.9 222 LATVIA (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 5. LONG-TERM DEBT DEBT OUTSTANDING (LDOD) .. 271 1,979 2,630 3,166 5,001 7,013 12,319 Public and publicly guaranteed .. 271 827 1,124 1,238 1,580 1,318 1,555 Official creditors .. 200 591 660 687 446 338 464 Multilateral .. 139 543 606 640 400 311 435 Concessional .. 0 0 11 29 38 36 66 Bilateral .. 61 49 54 47 46 27 29 Concessional .. 59 48 53 47 46 27 29 Private creditors .. 71 236 464 551 1,134 980 1,091 of which: Bonds .. 39 209 446 537 1,124 973 1,087 Commercial banks .. 0 2 1 0 0 0 0 Private nonguaranteed .. 0 1,151 1,507 1,928 3,421 5,694 10,764 Bonds .. 0 0 0 0 6 124 380 Commercial banks and other .. 0 1,151 1,507 1,928 3,414 5,571 10,384 Memo: IBRD .. 55 242 263 185 187 111 100 IDA .. 0 0 0 0 0 0 0 Public sector LDOD .. 252 818 1,103 1,215 1,559 1,300 1,536 Private sector LDOD .. 19 1,160 1,528 1,950 3,442 5,713 10,784 DISBURSEMENTS .. 75 410 580 900 2,425 5,160 6,862 Public and publicly guaranteed .. 75 94 55 60 550 21 125 Official creditors .. 26 91 55 60 53 21 125 Multilateral .. 23 91 44 57 53 21 125 Concessional .. 0 0 11 17 7 0 27 Bilateral .. 3 1 11 3 0 0 0 Concessional .. 1 1 11 3 0 0 0 Private creditors .. 49 3 0 0 497 0 0 of which: Bonds .. 43 0 0 0 497 0 0 Commercial banks .. 0 0 0 0 0 0 0 Private nonguaranteed .. 0 316 525 839 1,874 5,139 6,737 Bonds .. 0 0 0 0 6 125 246 Commercial banks and other .. 0 316 525 839 1,868 5,015 6,491 Memo: IBRD .. 9 63 14 3 6 2 0 IDA .. 0 0 0 0 0 0 0 PRINCIPAL REPAYMENTS .. 7 319 480 741 1,049 2,699 2,540 Public and publicly guaranteed .. 7 81 52 138 314 96 33 Official creditors .. 4 73 46 133 310 93 31 Multilateral .. 4 53 41 117 306 79 30 Concessional .. 0 0 0 0 0 0 0 Bilateral .. 0 19 5 16 3 15 0 Concessional .. 0 18 5 16 3 15 0 Private creditors .. 3 8 6 5 4 3 3 of which: Bonds .. 0 0 0 0 0 0 0 Commercial banks .. 0 1 1 1 0 0 0 Private nonguaranteed .. 0 239 428 603 735 2,603 2,507 Bonds .. 0 30 0 0 0 0 6 Commercial banks and other .. 0 209 428 603 735 2,603 2,500 Memo: IBRD .. 0 9 16 109 14 64 19 IDA .. 0 0 0 0 0 0 0 INTEREST PAYMENTS (LINT) .. 14 107 95 122 117 165 290 Public and publicly guaranteed .. 14 50 48 53 55 61 67 Official creditors .. 13 34 31 36 35 15 16 Multilateral .. 9 31 29 34 34 14 15 Concessional .. 0 0 0 0 1 1 1 Bilateral .. 4 3 2 2 2 1 1 Concessional .. 4 3 2 2 2 1 1 Private creditors .. 1 16 17 18 19 46 51 of which: Bonds .. 0 15 16 17 19 45 51 Commercial banks .. 0 0 0 0 0 0 0 Private nonguaranteed .. 0 57 47 69 62 104 223 Bonds .. 0 2 0 0 0 6 16 Commercial banks and other .. 0 55 47 69 62 99 207 Memo: IBRD .. 3 12 11 13 6 7 5 IDA .. 0 0 0 0 0 0 0 223 LATVIA (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 6. CURRENCY COMPOSITION OF PUBLIC AND PUBLICLY GUARANTEED DEBT (PERCENT) Euro .. .. .. 73.1 82.2 86.4 90.1 92.2 Japanese yen .. 26.2 4.7 2.7 1.4 0.9 0.0 0.0 Pound sterling .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Swiss franc .. 0.0 0.6 0.3 0.2 0.2 0.2 0.1 U.S.dollars .. 45.0 20.0 15.1 15.6 12.0 9.3 7.4 7. DEBT RESTRUCTURINGS Total amount rescheduled .. 0 0 0 0 0 0 0 Debt stock rescheduled .. 0 0 0 0 0 0 0 Principal rescheduled .. 0 0 0 0 0 0 0 Official .. 0 0 0 0 0 0 0 Private .. 0 0 0 0 0 0 0 Interest rescheduled .. 0 0 0 0 0 0 0 Official .. 0 0 0 0 0 0 0 Private .. 0 0 0 0 0 0 0 Debt forgiven .. 0 0 0 0 0 0 0 Memo: interest forgiven .. 0 0 0 0 0 0 0 Debt stock reduction .. 0 0 0 0 0 0 0 of which debt buyback .. 0 0 0 0 0 0 0 8. DEBT STOCK-FLOW RECONCILIATION Total change in debt stocks .. 89 794 1,515 1,994 3,906 1,797 8,290 Net flows on debt .. 90 848 1,218 1,393 3,446 2,246 7,305 Cross-currency valuation .. 5 -49 125 164 75 -175 132 9. AVERAGE TERMS OF NEW COMMITMENTS ALL CREDITORS Interest (%) .. 5.2 5.8 2.4 1.7 4.3 2.3 0.0 Maturity (years) .. 9.1 14.9 18.4 15.1 10.0 19.4 0.0 Grace period (years) .. 3.3 5.8 5.4 2.3 10.0 7.2 0.0 Grant element (%) .. 19.2 23.9 49.5 42.4 35.3 57.3 0.0 Official creditors Interest (%) .. 5.3 5.8 2.4 1.7 0.0 2.3 0.0 Maturity (years) .. 14.1 14.9 18.4 15.1 0.0 19.4 0.0 Grace period (years) .. 4.1 5.8 5.4 2.3 0.0 7.2 0.0 Grant element (%) .. 25.3 23.9 49.5 42.4 0.0 57.3 0.0 Private creditors Interest (%) .. 5.1 0.0 0.0 0.0 4.3 0.0 0.0 Maturity (years) .. 4.0 0.0 0.0 0.0 10.0 0.0 0.0 Grace period (years) .. 2.5 0.0 0.0 0.0 10.0 0.0 0.0 Grant element (%) .. 13.2 0.0 0.0 0.0 35.3 0.0 0.0 10. CONTRACTUAL OBLIGATIONS ON OUTSTANDING LONG-TERM DEBT 2007 2008 2009 2010 2011 2012 2013 2014 TOTAL Principal 2,836 2,411 1,808 1,403 1,123 664 569 987 Interest 569 261 189 174 102 86 70 59 Official creditors Principal 43 41 38 59 41 40 48 42 Interest 22 22 21 21 18 16 15 13 Bilateral creditors Principal 0 0 0 23 0 0 0 0 Interest 1 1 1 1 0 0 0 0 Multilateral creditors Principal 42 41 38 36 41 39 47 42 Interest 21 21 20 19 18 16 15 13 Private creditors Principal 2,794 2,370 1,770 1,344 1,082 624 521 945 Interest 547 240 168 153 84 69 55 46 Notes: Data on short-term debt are based on reports provided by the country. 224 LEBANON (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 1. SUMMARY DEBT DATA TOTAL DEBT STOCKS (EDT) 1,779 2,966 9,857 17,082 18,605 22,173 22,362 23,963 Long-term debt (LDOD) 358 1,600 7,316 14,534 15,481 18,202 18,912 19,763 Public and publicly guaranteed 358 1,550 6,580 13,833 14,785 17,456 17,901 18,958 Private nonguaranteed 0 50 736 701 696 746 1,011 805 Use of IMF credit 0 0 0 0 0 0 0 0 Short-term debt 1,421 1,365 2,541 2,547 3,124 3,971 3,450 4,200 of which interest arrears on LDOD 39 10 0 0 0 0 0 0 Official creditors 16 0 0 0 0 0 0 0 Private creditors 23 10 0 0 0 0 0 0 Memorandum items Principal arrears on LDOD 132 43 0 0 0 0 0 0 Official creditors 28 2 0 0 0 0 0 0 Private creditors 104 41 0 0 0 0 0 0 TOTAL DEBT FLOWS Disbursements 12 907 2,316 5,649 2,434 5,486 3,097 3,619 Long-term debt 12 907 2,316 5,649 2,434 5,486 3,097 3,619 IMF purchases 0 0 0 0 0 0 0 0 Principal repayments 27 104 876 1,115 1,819 2,920 2,121 2,943 Long-term debt 27 104 876 1,115 1,819 2,920 2,121 2,943 IMF repurchases 0 0 0 0 0 0 0 0 Net flows on debt 726 830 1,779 4,424 1,192 3,413 455 1,426 of which short-term debt 742 26 339 -111 577 847 -521 750 Interest payments (INT) 72 121 593 1,073 1,431 1,429 1,433 1,491 Long-term debt 11 54 461 963 1,276 1,244 1,258 1,291 IMF charges 0 0 0 0 0 0 0 0 Short-term debt 61 67 132 110 155 185 175 200 Net transfers on debt 654 709 1,185 3,350 -239 1,984 -978 -65 Total debt service paid (TDS) 99 224 1,469 2,188 3,250 4,349 3,554 4,433 Long-term debt 38 158 1,337 2,078 3,095 4,164 3,379 4,233 IMF repurchases and charges 0 0 0 0 0 0 0 0 Short-term debt (interest only) 61 67 132 110 155 185 175 200 2. OTHER NET RESOURCE FLOWS (LONG-TERM) Net flow of long-term debt (ex. IMF) -16 804 1,440 4,534 615 2,566 976 676 Foreign direct investment (net) 6 35 964 1,336 2,977 1,993 2,751 2,794 Portfolio equity flows 0 0 0 0 207 148 1,436 551 Grants (excluding technical coop.) 213 44 133 147 106 141 134 502 of which: Debt forgiveness grants .. .. 0 0 0 0 0 0 IDA grants .. .. .. 0 0 0 0 0 Memo: technical coop. grants 39 94 55 78 101 110 105 123 Interest on long-term debt 11 54 461 963 1,276 1,244 1,258 1,291 Profit remittances on FDI 0 0 0 0 69 91 95 96 3. MAJOR ECONOMIC AGGREGATES Gross national income (GNI) 3,461 12,211 17,143 18,177 19,137 21,114 20,724 22,388 Exports of goods, serv. & inc. (XGS) .. .. .. 8,579 16,557 17,996 19,127 21,099 Worker remit. & comp. of employees 1,818 1,225 1,582 2,544 4,743 5,591 4,924 5,202 Imports of goods & services (MGS) .. .. .. 10,528 17,852 18,610 18,210 19,103 International reserves (RES) 4,210 8,100 8,475 10,405 16,367 15,774 16,618 19,239 Current account balance .. .. .. -4,415 -4,930 -4,080 -2,279 -1,347 4. DEBT INDICATORS EDT / XGS (%) .. .. .. 199.1 112.4 123.2 116.9 113.6 EDT / GNI (%) 51.4 24.3 57.5 94.0 97.2 105.0 107.9 107.0 TDS / XGS (%) .. .. .. 25.5 19.6 24.2 18.6 21.0 INT / XGS (%) .. .. .. 12.5 8.6 7.9 7.5 7.1 INT / GNI (%) 2.1 1.0 3.5 5.9 7.5 6.8 6.9 6.7 RES / EDT (%) 236.7 273.1 86.0 60.9 88.0 71.1 74.3 80.3 RES / MGS (months) .. .. .. 11.9 11.0 10.2 11.0 12.1 Short-term / EDT (%) 79.9 46.0 25.8 14.9 16.8 17.9 15.4 17.5 Concessional / EDT (%) 6.2 9.2 5.7 3.2 6.3 5.5 4.9 4.7 Multilateral / EDT (%) 4.7 6.7 6.3 4.2 4.4 3.8 3.5 3.1 225 LEBANON (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 5. LONG-TERM DEBT DEBT OUTSTANDING (LDOD) 358 1,600 7,316 14,534 15,481 18,202 18,912 19,763 Public and publicly guaranteed 358 1,550 6,580 13,833 14,785 17,456 17,901 18,958 Official creditors 188 428 932 1,014 1,744 1,809 1,614 1,593 Multilateral 84 198 616 724 813 841 778 736 Concessional 30 63 289 289 284 288 284 284 Bilateral 104 230 315 289 931 969 835 857 Concessional 81 209 276 253 895 936 811 833 Private creditors 169 1,123 5,648 12,820 13,041 15,647 16,288 17,365 of which: Bonds 0 700 5,260 12,517 12,800 15,453 16,142 17,253 Commercial banks 0 359 374 291 231 185 138 105 Private nonguaranteed 0 50 736 701 696 746 1,011 805 Bonds 0 50 736 701 696 746 1,011 805 Commercial banks and other 0 0 0 0 0 0 0 0 Memo: IBRD 34 113 248 313 362 387 360 314 IDA 0 0 0 0 0 0 0 0 Public sector LDOD 358 1,550 6,554 13,816 14,785 17,456 17,901 18,958 Private sector LDOD 0 50 762 718 696 746 1,011 805 DISBURSEMENTS 12 907 2,316 5,649 2,434 5,486 3,097 3,619 Public and publicly guaranteed 12 857 2,201 5,509 2,274 5,286 2,567 3,619 Official creditors 5 213 119 88 679 89 59 60 Multilateral 0 80 103 79 102 74 51 51 Concessional 0 21 53 14 14 25 19 14 Bilateral 5 133 16 10 577 15 9 9 Concessional 5 125 15 9 577 15 8 9 Private creditors 6 644 2,082 5,421 1,595 5,197 2,508 3,558 of which: Bonds 0 300 2,031 5,420 1,590 5,195 2,500 3,547 Commercial banks 0 340 51 1 4 2 8 11 Private nonguaranteed 0 50 115 140 160 200 530 0 Bonds 0 50 115 140 160 200 530 0 Commercial banks and other 0 0 0 0 0 0 0 0 Memo: IBRD 0 51 42 65 57 49 32 37 IDA 0 0 0 0 0 0 0 0 PRINCIPAL REPAYMENTS 27 104 876 1,115 1,819 2,920 2,121 2,943 Public and publicly guaranteed 27 104 826 840 1,654 2,770 1,856 2,737 Official creditors 27 93 66 96 97 104 115 182 Multilateral 6 10 39 67 73 69 79 119 Concessional 0 3 18 22 25 22 32 17 Bilateral 21 83 27 29 23 35 36 63 Concessional 1 10 21 25 18 29 30 61 Private creditors 0 11 760 744 1,557 2,666 1,741 2,554 of which: Bonds 0 0 400 659 1,477 2,612 1,695 2,507 Commercial banks 0 9 358 84 78 53 45 47 Private nonguaranteed 0 0 50 275 165 150 265 206 Bonds 0 0 50 275 165 150 265 206 Commercial banks and other 0 0 0 0 0 0 0 0 Memo: IBRD 6 4 17 29 34 35 38 90 IDA 0 0 0 0 0 0 0 0 INTEREST PAYMENTS (LINT) 11 54 461 963 1,276 1,244 1,258 1,291 Public and publicly guaranteed 11 54 404 892 1,215 1,187 1,168 1,216 Official creditors 9 19 44 39 61 79 73 68 Multilateral 4 11 32 28 34 34 34 32 Concessional 0 3 13 8 11 11 11 6 Bilateral 5 8 12 12 27 45 39 36 Concessional 0 3 8 7 20 38 37 35 Private creditors 2 35 360 853 1,154 1,108 1,095 1,149 of which: Bonds 0 20 300 806 1,118 1,080 1,087 1,144 Commercial banks 0 12 58 46 35 27 7 4 Private nonguaranteed 0 0 57 71 61 57 90 74 Bonds 0 0 57 71 61 57 90 74 Commercial banks and other 0 0 0 0 0 0 0 0 Memo: IBRD 4 7 14 14 15 14 15 18 IDA 0 0 0 0 0 0 0 0 226 LEBANON (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 6. CURRENCY COMPOSITION OF PUBLIC AND PUBLICLY GUARANTEED DEBT (PERCENT) Euro .. .. .. 8.1 13.4 11.5 8.0 8.5 Japanese yen 0.5 0.0 0.1 0.1 0.2 0.2 0.1 0.1 Pound sterling 0.7 0.1 0.0 0.0 0.0 0.0 0.0 0.0 Swiss franc 0.5 0.0 0.0 0.0 0.0 0.0 0.0 0.0 U.S.dollars 41.0 69.2 71.3 86.4 81.3 84.0 88.0 88.2 7. DEBT RESTRUCTURINGS Total amount rescheduled 0 0 0 0 0 0 0 0 Debt stock rescheduled 0 0 0 0 0 0 0 0 Principal rescheduled 0 0 0 0 0 0 0 0 Official 0 0 0 0 0 0 0 0 Private 0 0 0 0 0 0 0 0 Interest rescheduled 0 0 0 0 0 0 0 0 Official 0 0 0 0 0 0 0 0 Private 0 0 0 0 0 0 0 0 Debt forgiven 0 0 0 0 0 0 0 0 Memo: interest forgiven 0 0 0 0 0 0 0 0 Debt stock reduction 0 0 0 0 0 0 0 0 of which debt buyback 0 0 0 0 0 0 0 0 8. DEBT STOCK-FLOW RECONCILIATION Total change in debt stocks 755 839 1,651 4,631 1,523 3,568 190 1,600 Net flows on debt 726 830 1,779 4,424 1,192 3,413 455 1,426 Cross-currency valuation 17 19 -88 251 263 167 -294 169 9. AVERAGE TERMS OF NEW COMMITMENTS ALL CREDITORS Interest (%) 0.0 8.0 9.0 7.1 3.4 7.1 7.3 7.6 Maturity (years) 0.0 10.4 5.5 9.8 11.2 5.7 5.9 10.2 Grace period (years) 0.0 4.2 4.7 3.5 3.9 5.7 5.2 10.2 Grant element (%) 0.0 10.2 3.7 17.9 25.9 11.7 8.9 12.8 Official creditors Interest (%) 0.0 5.6 7.5 3.5 4.8 0.0 4.2 0.0 Maturity (years) 0.0 18.6 14.7 17.6 15.3 0.0 17.0 0.0 Grace period (years) 0.0 3.8 5.2 7.2 3.8 0.0 4.3 0.0 Grant element (%) 0.0 26.7 14.0 43.3 29.5 0.0 35.6 0.0 Private creditors Interest (%) 0.0 9.0 9.1 7.2 2.8 7.1 7.4 7.6 Maturity (years) 0.0 7.2 4.9 9.5 9.4 5.7 5.3 10.2 Grace period (years) 0.0 4.4 4.7 3.4 4.0 5.7 5.2 10.2 Grant element (%) 0.0 3.7 3.0 17.0 24.3 11.7 7.4 12.8 10. CONTRACTUAL OBLIGATIONS ON OUTSTANDING LONG-TERM DEBT 2007 2008 2009 2010 2011 2012 2013 2014 TOTAL Principal 1,983 2,572 2,960 2,350 2,050 1,890 800 1,206 Interest 1,336 1,207 1,066 798 655 556 426 366 Official creditors Principal 213 213 234 233 223 185 174 153 Interest 77 72 68 60 51 42 35 28 Bilateral creditors Principal 96 91 97 94 92 87 82 79 Interest 39 36 34 31 27 24 20 17 Multilateral creditors Principal 117 122 137 140 130 99 92 74 Interest 38 36 34 29 24 19 15 11 Private creditors Principal 1,770 2,359 2,726 2,116 1,827 1,704 626 1,053 Interest 1,259 1,136 998 739 603 513 391 338 Notes: 227 LESOTHO (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 1. SUMMARY DEBT DATA TOTAL DEBT STOCKS (EDT) 395.6 684.4 671.8 657.8 706.5 769.1 663.7 669.9 Long-term debt (LDOD) 377.7 642.0 656.7 631.8 676.0 724.1 620.6 633.4 Public and publicly guaranteed 377.7 642.0 656.7 631.8 676.0 724.1 620.6 633.4 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Use of IMF credit 15.1 38.4 11.1 22.0 26.6 38.0 35.0 36.3 Short-term debt 2.8 4.0 4.0 4.0 4.0 7.0 8.0 0.1 of which interest arrears on LDOD 0.8 0.0 0.0 0.0 0.0 0.0 0.0 0.1 Official creditors 0.5 0.0 0.0 0.0 0.0 0.0 0.0 0.1 Private creditors 0.3 0.0 0.0 0.0 0.0 0.0 0.0 0.1 Memorandum items Principal arrears on LDOD 3.6 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Official creditors 2.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private creditors 1.6 0.0 0.0 0.0 0.0 0.0 0.0 0.0 TOTAL DEBT FLOWS Disbursements 62.0 70.4 69.4 57.3 31.3 42.8 21.1 28.3 Long-term debt 57.9 70.4 69.4 48.3 26.4 32.5 21.1 28.3 IMF purchases 4.1 0.0 0.0 9.1 4.9 10.4 0.0 0.0 Principal repayments 15.0 24.7 38.3 53.2 52.7 39.2 66.1 37.4 Long-term debt 14.8 22.0 33.2 49.4 50.2 38.6 66.1 36.9 IMF repurchases 0.2 2.7 5.2 3.8 2.5 0.6 0.0 0.5 Net flows on debt 47.0 45.7 31.0 4.2 -21.4 6.7 -44.1 -17.2 of which short-term debt 0.0 0.0 0.0 0.0 0.0 3.0 1.0 -8.0 Interest payments (INT) 8.3 16.1 23.2 14.9 14.3 15.1 14.2 9.6 Long-term debt 8.0 15.7 22.9 14.7 14.2 14.8 13.7 9.2 IMF charges 0.1 0.2 0.0 0.1 0.1 0.2 0.2 0.2 Short-term debt 0.2 0.2 0.2 0.1 0.0 0.2 0.3 0.2 Net transfers on debt 38.7 29.6 7.8 -10.7 -35.7 -8.4 -58.3 -26.8 Total debt service paid (TDS) 23.3 40.9 61.5 68.0 67.0 54.3 80.3 47.0 Long-term debt 22.8 37.7 56.1 64.1 64.3 53.4 79.8 46.1 IMF repurchases and charges 0.3 3.0 5.2 3.9 2.7 0.7 0.2 0.7 Short-term debt (interest only) 0.2 0.2 0.2 0.1 0.0 0.2 0.3 0.2 2. OTHER NET RESOURCE FLOWS (LONG-TERM) Net flow of long-term debt (ex. IMF) 43.1 48.4 36.2 -1.1 -23.7 -6.2 -45.1 -8.7 Foreign direct investment (net) 17.1 275.3 117.8 84.1 115.7 123.5 91.9 77.8 Portfolio equity flows 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Grants (excluding technical coop.) 59.9 58.7 27.6 42.7 52.3 64.9 49.9 43.9 of which: Debt forgiveness grants .. .. 0.2 0.2 0.3 0.3 0.3 0.3 IDA grants .. .. .. 0.0 0.0 0.0 0.3 1.0 Memo: technical coop. grants 44.5 36.8 11.3 11.9 14.8 14.6 14.7 16.6 Interest on long-term debt 8.0 15.7 22.9 14.7 14.2 14.8 13.7 9.2 Profit remittances on FDI 12.7 71.4 15.0 11.7 14.4 20.6 10.7 11.6 3. MAJOR ECONOMIC AGGREGATES Gross national income (GNI) 1021.6 1319.9 1072.4 848.1 1286.9 1620.3 1729.1 1873.8 Exports of goods, serv. & inc. (XGS) 555.0 671.4 542.7 608.7 840.5 1164.6 1083.2 1170.1 Worker remit. & comp. of employees 428.0 411.0 252.0 194.0 287.0 355.0 327.0 361.5 Imports of goods & services (MGS) 775.9 1203.8 832.8 863.0 1133.7 1474.4 1474.8 1488.6 International reserves (RES) 72.4 456.7 417.9 406.4 460.3 501.5 519.1 658.4 Current account balance 65.0 -323.0 -151.4 -142.5 -134.7 -75.9 -97.9 66.6 4. DEBT INDICATORS EDT / XGS (%) 71.3 101.9 123.8 108.1 84.1 66.0 61.3 57.3 EDT / GNI (%) 38.7 51.9 62.6 77.6 54.9 47.5 38.4 35.8 TDS / XGS (%) 4.2 6.1 11.3 11.2 8.0 4.7 7.4 4.0 INT / XGS (%) 1.5 2.4 4.3 2.4 1.7 1.3 1.3 0.8 INT / GNI (%) 0.8 1.2 2.2 1.8 1.1 0.9 0.8 0.5 RES / EDT (%) 18.3 66.7 62.2 61.8 65.2 65.2 78.2 98.3 RES / MGS (months) 1.1 4.6 6.0 5.7 4.9 4.1 4.2 5.3 Short-term / EDT (%) 0.7 0.6 0.6 0.6 0.6 0.9 1.2 0.0 Concessional / EDT (%) 73.7 68.7 66.7 74.5 76.0 76.4 82.5 85.7 Multilateral / EDT (%) 73.6 68.2 70.8 75.2 74.8 73.3 78.1 81.7 228 LESOTHO (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 5. LONG-TERM DEBT DEBT OUTSTANDING (LDOD) 377.7 642.0 656.7 631.8 676.0 724.1 620.6 633.4 Public and publicly guaranteed 377.7 642.0 656.7 631.8 676.0 724.1 620.6 633.4 Official creditors 344.0 607.1 580.9 568.9 605.7 654.3 592.3 611.9 Multilateral 291.0 466.9 475.7 494.5 528.4 563.6 518.4 547.2 Concessional 251.6 374.8 389.6 431.5 476.8 513.9 484.1 517.4 Bilateral 53.1 140.1 105.3 74.4 77.3 90.7 73.9 64.7 Concessional 40.1 95.3 58.6 58.7 59.8 74.1 63.7 56.5 Private creditors 33.7 34.9 75.8 62.9 70.3 69.7 28.4 21.5 of which: Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 6.0 22.8 74.5 61.9 69.2 68.7 27.6 20.7 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks and other 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 54.0 58.6 36.7 18.6 16.2 12.7 9.1 IDA 111.7 152.8 183.2 217.8 247.3 267.6 258.2 274.6 Public sector LDOD 376.5 641.3 656.4 631.7 676.0 724.1 620.6 633.4 Private sector LDOD 1.2 0.7 0.3 0.1 0.0 0.0 0.0 0.0 DISBURSEMENTS 57.9 70.4 69.4 48.3 26.4 32.5 21.1 28.3 Public and publicly guaranteed 57.9 70.4 69.4 48.3 26.4 32.5 21.1 28.3 Official creditors 51.4 54.5 67.4 48.3 24.1 32.5 21.1 28.3 Multilateral 32.0 41.1 21.2 34.0 24.1 32.5 17.1 27.9 Concessional 28.3 23.7 10.9 30.5 21.5 31.2 17.1 27.9 Bilateral 19.4 13.4 46.2 14.3 0.0 0.0 3.9 0.4 Concessional 15.2 4.2 17.0 12.3 0.0 0.0 3.9 0.4 Private creditors 6.5 16.0 2.0 0.0 2.4 0.0 0.0 0.0 of which: Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 3.0 16.0 2.0 0.0 2.4 0.0 0.0 0.0 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks and other 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 11.2 9.9 3.5 2.6 1.2 0.1 0.0 IDA 9.2 8.8 7.8 22.2 15.6 14.7 13.1 10.9 PRINCIPAL REPAYMENTS 14.8 22.0 33.2 49.4 50.2 38.6 66.1 36.9 Public and publicly guaranteed 14.8 22.0 33.2 49.4 50.2 38.6 66.1 36.9 Official creditors 8.3 17.8 26.4 41.4 41.7 30.1 32.8 28.9 Multilateral 5.4 14.1 14.1 35.6 33.5 17.8 19.7 19.8 Concessional 3.0 9.1 7.2 9.0 10.5 12.3 12.4 13.2 Bilateral 2.9 3.7 12.2 5.8 8.3 12.3 13.2 9.0 Concessional 0.9 1.7 5.2 4.7 6.7 9.1 8.5 7.6 Private creditors 6.5 4.2 6.8 8.0 8.4 8.5 33.3 8.1 of which: Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.6 2.0 6.8 7.9 8.4 8.5 33.2 8.0 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks and other 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 0.0 3.9 24.7 21.2 3.6 3.6 3.6 IDA 0.6 1.3 2.5 3.7 4.0 4.6 5.0 5.3 INTEREST PAYMENTS (LINT) 8.0 15.7 22.9 14.7 14.2 14.8 13.7 9.2 Public and publicly guaranteed 8.0 15.7 22.9 14.7 14.2 14.8 13.7 9.2 Official creditors 6.1 12.4 16.0 8.9 7.3 7.7 7.7 7.2 Multilateral 4.7 8.6 7.7 7.2 5.6 5.4 5.5 5.4 Concessional 2.1 3.1 3.3 3.6 4.0 4.3 4.4 4.2 Bilateral 1.4 3.8 8.3 1.7 1.7 2.3 2.1 1.7 Concessional 0.6 1.6 5.1 0.7 0.7 0.7 0.7 0.8 Private creditors 1.9 3.3 7.0 5.8 6.9 7.0 6.0 2.1 of which: Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.3 3.0 7.0 5.8 6.8 7.0 6.0 2.0 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks and other 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 3.5 3.2 2.6 0.7 0.3 0.5 0.6 IDA 0.8 1.1 1.4 1.5 1.7 2.1 2.1 2.1 229 LESOTHO (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 6. CURRENCY COMPOSITION OF PUBLIC AND PUBLICLY GUARANTEED DEBT (PERCENT) Euro .. .. .. 10.9 11.5 10.8 9.9 9.8 Japanese yen 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Pound sterling 1.7 0.8 1.8 1.5 1.3 1.1 0.9 0.7 Swiss franc 0.0 0.0 1.9 0.5 0.7 0.5 0.2 0.0 U.S.dollars 24.8 22.1 26.9 33.5 35.2 35.0 39.2 40.3 7. DEBT RESTRUCTURINGS Total amount rescheduled 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Debt stock rescheduled 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal rescheduled 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Official 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Interest rescheduled 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Official 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Debt forgiven 3.7 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: interest forgiven 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Debt stock reduction 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 of which debt buyback 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 8. DEBT STOCK-FLOW RECONCILIATION Total change in debt stocks 67.4 61.8 -10.2 60.1 48.7 62.6 -105.5 6.3 Net flows on debt 47.0 45.7 31.0 4.2 -21.4 6.7 -44.1 -17.2 Cross-currency valuation 7.2 1.5 -27.0 42.7 34.2 22.4 -38.6 10.9 9. AVERAGE TERMS OF NEW COMMITMENTS ALL CREDITORS Interest (%) 1.3 6.3 0.4 1.5 0.8 1.3 0.0 0.8 Maturity (years) 24.3 22.0 18.8 40.9 39.7 34.7 41.0 38.1 Grace period (years) 6.0 4.8 5.2 8.6 10.2 7.8 1.0 10.3 Grant element (%) 63.2 26.8 53.7 71.3 80.5 69.8 76.4 79.6 Official creditors Interest (%) 1.0 5.9 0.3 1.5 0.8 1.3 0.0 0.8 Maturity (years) 25.1 27.5 19.3 40.9 39.7 34.7 41.0 38.1 Grace period (years) 6.2 5.7 5.4 8.6 10.2 7.8 1.0 10.3 Grant element (%) 65.9 33.7 55.1 71.3 80.5 69.8 76.4 79.6 Private creditors Interest (%) 8.4 6.5 4.6 0.0 0.0 0.0 0.0 0.0 Maturity (years) 5.9 17.6 2.0 0.0 0.0 0.0 0.0 0.0 Grace period (years) 1.8 4.1 0.5 0.0 0.0 0.0 0.0 0.0 Grant element (%) 4.3 21.2 5.9 0.0 0.0 0.0 0.0 0.0 10. CONTRACTUAL OBLIGATIONS ON OUTSTANDING LONG-TERM DEBT 2007 2008 2009 2010 2011 2012 2013 2014 TOTAL Principal 43.1 38.7 27.0 26.7 27.6 28.4 27.4 24.2 Interest 8.7 8.3 7.9 7.6 7.2 6.7 6.2 5.8 Official creditors Principal 37.7 35.6 26.4 26.5 27.4 28.3 27.2 24.0 Interest 7.0 6.9 6.7 6.4 6.1 5.6 5.0 4.6 Bilateral creditors Principal 15.0 14.3 5.2 5.3 5.2 4.9 4.9 3.9 Interest 1.8 1.7 1.5 1.3 1.2 1.0 0.8 0.6 Multilateral creditors Principal 22.7 21.3 21.1 21.2 22.2 23.4 22.3 20.1 Interest 5.2 5.3 5.2 5.1 4.9 4.6 4.2 4.0 Private creditors Principal 5.4 3.1 0.6 0.2 0.2 0.2 0.2 0.2 Interest 1.7 1.4 1.2 1.2 1.2 1.2 1.2 1.2 Notes: 0 230 LIBERIA (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 1. SUMMARY DEBT DATA TOTAL DEBT STOCKS (EDT) 1,849 2,154 2,032 2,324 2,567 2,715 2,576 2,674 Long-term debt (LDOD) 1,116 1,161 1,040 1,065 1,127 1,177 1,115 1,115 Public and publicly guaranteed 1,116 1,161 1,040 1,065 1,127 1,177 1,115 1,115 Private nonguaranteed 0 0 0 0 0 0 0 0 Use of IMF credit 322 336 292 304 332 347 320 336 Short-term debt 411 657 699 956 1,108 1,191 1,141 1,223 of which interest arrears on LDOD 355 613 665 926 1,076 1,146 1,101 1,175 Official creditors 251 458 516 778 922 991 952 1,024 Private creditors 104 155 149 148 153 155 150 150 Memorandum items Principal arrears on LDOD 722 961 1,053 1,137 1,236 1,296 1,232 1,291 Official creditors 530 754 856 941 1,032 1,089 1,034 1,092 Private creditors 192 208 197 196 204 207 198 199 TOTAL DEBT FLOWS Disbursements 0 0 0 0 0 0 0 0 Long-term debt 0 0 0 0 0 0 0 0 IMF purchases 0 0 0 0 0 0 0 0 Principal repayments 2 0 1 0 0 0 0 1 Long-term debt 1 0 0 0 0 0 0 0 IMF repurchases 1 0 1 0 0 0 0 1 Net flows on debt -1 0 -5 0 3 12 -5 8 of which short-term debt 1 0 -5 0 3 12 -5 9 Interest payments (INT) 1 2 0 1 0 1 1 0 Long-term debt 1 0 0 0 0 0 0 0 IMF charges 0 2 0 1 0 1 1 0 Short-term debt 0 0 0 0 0 0 0 0 Net transfers on debt -2 -2 -5 -1 3 12 -6 8 Total debt service paid (TDS) 3 2 1 1 0 1 1 1 Long-term debt 2 0 0 0 0 0 0 0 IMF repurchases and charges 1 2 1 1 0 1 1 1 Short-term debt (interest only) 0 0 0 0 0 0 0 0 2. OTHER NET RESOURCE FLOWS (LONG-TERM) Net flow of long-term debt (ex. IMF) -1 0 0 0 0 0 0 0 Foreign direct investment (net) 225 5 21 3 372 207 194 -82 Portfolio equity flows 0 0 0 0 0 0 0 0 Grants (excluding technical coop.) 60 108 47 55 99 196 181 212 of which: Debt forgiveness grants .. .. 0 10 0 0 0 0 IDA grants .. .. .. 0 0 0 0 1 Memo: technical coop. grants 21 16 23 12 15 27 55 57 Interest on long-term debt 1 0 0 0 0 0 0 0 Profit remittances on FDI 0 0 0 0 0 0 0 0 3. MAJOR ECONOMIC AGGREGATES Gross national income (GNI) .. .. 389 453 350 373 416 494 Exports of goods, serv. & inc. (XGS) .. .. .. .. .. .. .. .. Worker remit. & comp. of employees 0 0 0 0 0 0 0 0 Imports of goods & services (MGS) .. .. .. .. .. .. .. .. International reserves (RES) .. 28 0 3 7 19 25 72 Current account balance .. .. .. .. .. .. .. .. 4. DEBT INDICATORS EDT / XGS (%) .. .. .. .. .. .. .. .. EDT / GNI (%) .. .. 523.0 513.3 733.1 727.9 619.2 541.3 TDS / XGS (%) .. .. .. .. .. .. .. .. INT / XGS (%) .. .. .. .. .. .. .. .. INT / GNI (%) .. .. 0.0 0.1 0.1 0.2 0.2 0.0 RES / EDT (%) .. 1.3 0.0 0.1 0.3 0.7 1.0 2.7 RES / MGS (months) .. .. .. .. .. .. .. .. Short-term / EDT (%) 22.2 30.5 34.4 41.1 43.2 43.9 44.3 45.7 Concessional / EDT (%) 32.1 29.5 27.9 25.0 23.9 23.2 23.3 23.1 Multilateral / EDT (%) 23.4 21.0 19.5 17.5 16.9 17.3 17.1 15.9 231 LIBERIA (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 5. LONG-TERM DEBT DEBT OUTSTANDING (LDOD) 1,116 1,161 1,040 1,065 1,127 1,177 1,115 1,115 Public and publicly guaranteed 1,116 1,161 1,040 1,065 1,127 1,177 1,115 1,115 Official creditors 924 954 843 869 923 970 917 917 Multilateral 433 453 395 407 434 469 440 424 Concessional 184 214 194 197 204 209 201 205 Bilateral 491 501 448 462 488 501 477 493 Concessional 410 421 374 385 410 421 399 413 Private creditors 192 208 197 196 204 207 198 199 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 172 187 180 177 184 186 179 178 Private nonguaranteed 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 Commercial banks and other 0 0 0 0 0 0 0 0 Memo: IBRD 143 161 130 137 152 162 146 147 IDA 105 108 100 102 108 111 106 109 Public sector LDOD 1,116 1,161 1,040 1,065 1,127 1,177 1,115 1,115 Private sector LDOD 0 0 0 0 0 0 0 0 DISBURSEMENTS 0 0 0 0 0 0 0 0 Public and publicly guaranteed 0 0 0 0 0 0 0 0 Official creditors 0 0 0 0 0 0 0 0 Multilateral 0 0 0 0 0 0 0 0 Concessional 0 0 0 0 0 0 0 0 Bilateral 0 0 0 0 0 0 0 0 Concessional 0 0 0 0 0 0 0 0 Private creditors 0 0 0 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 Commercial banks and other 0 0 0 0 0 0 0 0 Memo: IBRD 0 0 0 0 0 0 0 0 IDA 0 0 0 0 0 0 0 0 PRINCIPAL REPAYMENTS 1 0 0 0 0 0 0 0 Public and publicly guaranteed 1 0 0 0 0 0 0 0 Official creditors 1 0 0 0 0 0 0 0 Multilateral 1 0 0 0 0 0 0 0 Concessional 0 0 0 0 0 0 0 0 Bilateral 0 0 0 0 0 0 0 0 Concessional 0 0 0 0 0 0 0 0 Private creditors 0 0 0 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 Commercial banks and other 0 0 0 0 0 0 0 0 Memo: IBRD 0 0 0 0 0 0 0 0 IDA 0 0 0 0 0 0 0 0 INTEREST PAYMENTS (LINT) 1 0 0 0 0 0 0 0 Public and publicly guaranteed 1 0 0 0 0 0 0 0 Official creditors 1 0 0 0 0 0 0 0 Multilateral 1 0 0 0 0 0 0 0 Concessional 0 0 0 0 0 0 0 0 Bilateral 0 0 0 0 0 0 0 0 Concessional 0 0 0 0 0 0 0 0 Private creditors 0 0 0 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 Commercial banks and other 0 0 0 0 0 0 0 0 Memo: IBRD 0 0 0 0 0 0 0 0 IDA 0 0 0 0 0 0 0 0 232 LIBERIA (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 6. CURRENCY COMPOSITION OF PUBLIC AND PUBLICLY GUARANTEED DEBT (PERCENT) Euro .. .. .. 11.2 12.7 13.2 12.0 13.4 Japanese yen 6.1 7.7 7.7 7.2 7.6 7.5 7.0 6.9 Pound sterling 1.2 1.2 1.3 1.3 1.2 1.2 1.2 1.2 Swiss franc 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 U.S.dollars 51.2 49.4 54.4 53.3 50.9 49.0 51.2 51.5 7. DEBT RESTRUCTURINGS Total amount rescheduled 0 0 0 0 0 0 0 0 Debt stock rescheduled 0 0 0 0 0 0 0 0 Principal rescheduled 0 0 0 0 0 0 0 0 Official 0 0 0 0 0 0 0 0 Private 0 0 0 0 0 0 0 0 Interest rescheduled 0 0 0 0 0 0 0 0 Official 0 0 0 0 0 0 0 0 Private 0 0 0 0 0 0 0 0 Debt forgiven 0 0 0 0 0 0 0 0 Memo: interest forgiven 0 0 0 0 0 0 0 0 Debt stock reduction 0 0 0 0 0 0 0 0 of which debt buyback 0 0 0 0 0 0 0 0 8. DEBT STOCK-FLOW RECONCILIATION Total change in debt stocks 164 98 -46 161 243 148 -139 98 Net flows on debt -1 0 -5 0 3 12 -5 8 Cross-currency valuation 63 23 -32 73 76 59 -79 33 9. AVERAGE TERMS OF NEW COMMITMENTS ALL CREDITORS Interest (%) 4.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Maturity (years) 24.8 0.0 0.0 0.0 0.0 0.0 0.0 40.0 Grace period (years) 5.3 0.0 0.0 0.0 0.0 0.0 0.0 1.0 Grant element (%) 42.8 0.0 0.0 0.0 0.0 0.0 0.0 75.8 Official creditors Interest (%) 4.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Maturity (years) 24.8 0.0 0.0 0.0 0.0 0.0 0.0 40.0 Grace period (years) 5.3 0.0 0.0 0.0 0.0 0.0 0.0 1.0 Grant element (%) 42.8 0.0 0.0 0.0 0.0 0.0 0.0 75.8 Private creditors Interest (%) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Maturity (years) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Grace period (years) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Grant element (%) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 10. CONTRACTUAL OBLIGATIONS ON OUTSTANDING LONG-TERM DEBT 2007 2008 2009 2010 2011 2012 2013 2014 TOTAL Principal 18 17 15 14 14 14 12 12 Interest 4 3 3 3 2 2 2 2 Official creditors Principal 18 17 15 14 14 14 12 12 Interest 4 3 3 3 2 2 2 2 Bilateral creditors Principal 9 8 6 5 5 5 3 3 Interest 1 1 1 1 1 1 1 1 Multilateral creditors Principal 9 9 9 9 9 9 9 9 Interest 2 2 2 2 2 1 1 1 Private creditors Principal 0 0 0 0 0 0 0 0 Interest 0 0 0 0 0 0 0 0 Notes: Data on long-term public and publicly guaranteed debt for 2006 are estimates based on the original terms of the loans. Short-term debt data are World Bank staff estimates. 233 LITHUANIA (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 1. SUMMARY DEBT DATA TOTAL DEBT STOCKS (EDT) .. 769 4,708 6,153 7,463 10,470 12,560 18,955 Long-term debt (LDOD) .. 459 3,403 3,909 4,141 6,678 7,235 11,255 Public and publicly guaranteed .. 430 2,191 2,482 2,119 3,057 1,983 3,244 Private nonguaranteed .. 29 1,211 1,427 2,022 3,621 5,252 8,011 Use of IMF credit .. 262 192 121 45 26 0 0 Short-term debt .. 49 1,114 2,123 3,277 3,766 5,325 7,700 of which interest arrears on LDOD .. 0 0 0 0 0 0 0 Official creditors .. 0 0 0 0 0 0 0 Private creditors .. 0 0 0 0 0 0 0 Memorandum items Principal arrears on LDOD .. 0 0 0 0 0 0 0 Official creditors .. 0 0 0 0 0 0 0 Private creditors .. 0 0 0 0 0 0 0 TOTAL DEBT FLOWS Disbursements .. 219 1,150 786 1,422 3,058 1,992 8,038 Long-term debt .. 157 1,150 786 1,422 3,058 1,992 8,038 IMF purchases .. 63 0 0 0 0 0 0 Principal repayments .. 12 826 942 1,828 1,414 2,237 3,745 Long-term debt .. 12 799 902 1,746 1,394 2,212 3,745 IMF repurchases .. 0 27 40 83 20 25 0 Net flows on debt .. 228 368 409 465 2,133 1,315 6,669 of which short-term debt .. 20 44 565 872 489 1,559 2,375 Interest payments (INT) .. 31 281 357 376 346 376 471 Long-term debt .. 17 215 263 275 235 225 276 IMF charges .. 12 11 4 1 1 0 0 Short-term debt .. 2 55 90 100 110 150 195 Net transfers on debt .. 196 87 52 89 1,787 939 6,197 Total debt service paid (TDS) .. 43 1,107 1,299 2,205 1,760 2,612 4,216 Long-term debt .. 30 1,014 1,165 2,021 1,630 2,437 4,021 IMF repurchases and charges .. 12 38 44 84 21 25 0 Short-term debt (interest only) .. 2 55 90 100 110 150 195 2. OTHER NET RESOURCE FLOWS (LONG-TERM) Net flow of long-term debt (ex. IMF) .. 144 351 -116 -324 1,664 -220 4,294 Foreign direct investment (net) .. 73 379 712 179 773 1,032 1,812 Portfolio equity flows .. 6 122 6 4 8 130 72 Grants (excluding technical coop.) .. 18 67 114 353 237 0 0 of which: Debt forgiveness grants .. .. 0 0 0 0 0 0 IDA grants .. .. .. 0 0 0 0 0 Memo: technical coop. grants .. 116 23 22 26 25 0 0 Interest on long-term debt .. 17 215 263 275 235 225 276 Profit remittances on FDI .. 8 123 124 401 649 711 878 3. MAJOR ECONOMIC AGGREGATES Gross national income (GNI) .. 7,569 10,643 13,495 17,067 20,803 23,987 27,513 Exports of goods, serv. & inc. (XGS) .. 3,243 5,297 7,719 9,804 12,267 15,637 19,110 Worker remit. & comp. of employees .. 1 50 109 115 325 534 994 Imports of goods & services (MGS) .. 3,966 6,212 8,633 11,343 14,288 17,820 22,307 International reserves (RES) .. 829 1,363 2,413 3,450 3,594 3,816 5,773 Current account balance .. -614 -675 -721 -1,278 -1,725 -1,831 -3,218 4. DEBT INDICATORS EDT / XGS (%) .. 23.7 88.9 79.7 76.1 85.4 80.3 99.2 EDT / GNI (%) .. 10.2 44.2 45.6 43.7 50.3 52.4 68.9 TDS / XGS (%) .. 1.3 20.9 16.8 22.5 14.4 16.7 22.1 INT / XGS (%) .. 1.0 5.3 4.6 3.8 2.8 2.4 2.5 INT / GNI (%) .. 0.4 2.6 2.6 2.2 1.7 1.6 1.7 RES / EDT (%) .. 107.7 28.9 39.2 46.2 34.3 30.4 30.5 RES / MGS (months) .. 2.5 2.6 3.4 3.6 3.0 2.6 3.1 Short-term / EDT (%) .. 6.4 23.7 34.5 43.9 36.0 42.4 40.6 Concessional / EDT (%) .. 14.3 2.4 1.7 1.4 0.8 0.2 0.1 Multilateral / EDT (%) .. 21.1 9.2 7.3 6.5 4.0 2.2 1.4 234 LITHUANIA (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 5. LONG-TERM DEBT DEBT OUTSTANDING (LDOD) .. 459 3,403 3,909 4,141 6,678 7,235 11,255 Public and publicly guaranteed .. 430 2,191 2,482 2,119 3,057 1,983 3,244 Official creditors .. 317 655 683 777 680 449 289 Multilateral .. 163 431 447 484 416 270 267 Concessional .. 0 0 7 11 11 10 11 Bilateral .. 154 223 236 293 265 179 22 Concessional .. 110 113 99 94 70 14 13 Private creditors .. 113 1,537 1,799 1,342 2,377 1,534 2,955 of which: Bonds .. 0 1,130 1,258 714 2,077 1,416 2,897 Commercial banks .. 0 186 378 500 197 67 54 Private nonguaranteed .. 29 1,211 1,427 2,022 3,621 5,252 8,011 Bonds .. 0 37 39 0 0 0 0 Commercial banks and other .. 29 1,174 1,387 2,022 3,621 5,252 8,011 Memo: IBRD .. 62 253 280 280 197 86 81 IDA .. 0 0 0 0 0 0 0 Public sector LDOD .. 424 2,114 2,428 2,076 3,025 1,961 3,231 Private sector LDOD .. 34 1,288 1,481 2,065 3,653 5,274 8,024 DISBURSEMENTS .. 157 1,150 786 1,422 3,058 1,992 8,038 Public and publicly guaranteed .. 157 464 228 200 1,322 41 1,280 Official creditors .. 92 131 111 121 59 41 24 Multilateral .. 38 124 34 44 51 39 24 Concessional .. 0 0 3 2 0 0 0 Bilateral .. 54 7 77 77 8 3 0 Concessional .. 25 2 0 0 0 0 0 Private creditors .. 64 333 117 79 1,263 0 1,256 of which: Bonds .. 0 300 0 0 1,243 0 1,256 Commercial banks .. 0 31 117 79 20 0 0 Private nonguaranteed .. 0 686 558 1,223 1,736 1,951 6,758 Bonds .. 0 37 0 0 0 0 0 Commercial banks and other .. 0 649 558 1,223 1,736 1,951 6,758 Memo: IBRD .. 12 66 16 16 22 14 10 IDA .. 0 0 0 0 0 0 0 PRINCIPAL REPAYMENTS .. 12 799 902 1,746 1,394 2,212 3,745 Public and publicly guaranteed .. 12 310 402 862 590 799 274 Official creditors .. 3 81 136 77 185 230 209 Multilateral .. 0 62 84 51 147 144 50 Concessional .. 0 0 0 0 0 0 0 Bilateral .. 3 19 52 27 38 86 158 Concessional .. 0 7 7 7 24 57 1 Private creditors .. 9 229 266 784 405 569 65 of which: Bonds .. 0 25 200 718 50 405 0 Commercial banks .. 0 146 36 30 329 114 17 Private nonguaranteed .. 0 489 500 884 805 1,413 3,470 Bonds .. 0 0 0 45 0 0 0 Commercial banks and other .. 0 489 500 839 805 1,413 3,470 Memo: IBRD .. 0 9 26 36 115 111 19 IDA .. 0 0 0 0 0 0 0 INTEREST PAYMENTS (LINT) .. 17 215 263 275 235 225 276 Public and publicly guaranteed .. 17 136 171 171 151 105 160 Official creditors .. 13 35 35 32 31 35 23 Multilateral .. 9 26 24 21 22 25 13 Concessional .. 0 0 0 0 0 0 0 Bilateral .. 4 9 11 11 9 10 10 Concessional .. 3 4 4 4 4 2 1 Private creditors .. 4 100 136 139 120 70 137 of which: Bonds .. 0 63 100 99 73 55 131 Commercial banks .. 0 20 23 30 36 7 3 Private nonguaranteed .. 0 80 92 104 84 120 116 Bonds .. 0 0 3 3 0 0 0 Commercial banks and other .. 0 80 89 101 84 120 116 Memo: IBRD .. 4 15 14 13 14 15 4 IDA .. 0 0 0 0 0 0 0 235 LITHUANIA (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 6. CURRENCY COMPOSITION OF PUBLIC AND PUBLICLY GUARANTEED DEBT (PERCENT) Euro .. .. .. 69.8 63.3 78.5 79.9 94.4 Japanese yen .. 9.8 2.9 1.7 1.9 0.5 0.0 0.0 Pound sterling .. 0.0 0.1 0.0 0.0 0.0 0.0 0.0 Swiss franc .. 3.2 0.0 0.0 0.0 0.0 0.0 0.0 U.S.dollars .. 34.4 33.1 19.5 26.1 18.3 18.5 4.9 7. DEBT RESTRUCTURINGS Total amount rescheduled .. 0 0 0 0 0 0 0 Debt stock rescheduled .. 0 0 0 0 0 0 0 Principal rescheduled .. 0 0 0 0 0 0 0 Official .. 0 0 0 0 0 0 0 Private .. 0 0 0 0 0 0 0 Interest rescheduled .. 0 0 0 0 0 0 0 Official .. 0 0 0 0 0 0 0 Private .. 0 0 0 0 0 0 0 Debt forgiven .. 0 0 0 0 0 0 0 Memo: interest forgiven .. 0 0 0 0 0 0 0 Debt stock reduction .. 0 0 0 0 0 0 0 of which debt buyback .. 0 0 0 0 0 0 0 8. DEBT STOCK-FLOW RECONCILIATION Total change in debt stocks .. 267 293 877 1,309 3,008 2,090 6,395 Net flows on debt .. 228 368 409 465 2,133 1,315 6,669 Cross-currency valuation .. 13 -95 298 399 92 -331 187 9. AVERAGE TERMS OF NEW COMMITMENTS ALL CREDITORS Interest (%) .. 7.3 7.6 3.0 3.3 4.5 0.0 3.0 Maturity (years) .. 9.5 6.8 14.6 5.9 9.0 0.0 9.1 Grace period (years) .. 2.6 5.5 3.2 0.4 1.0 0.0 9.1 Grant element (%) .. 13.9 10.1 37.3 16.8 19.5 0.0 41.2 Official creditors Interest (%) .. 6.3 7.1 3.0 0.0 3.7 0.0 0.0 Maturity (years) .. 14.6 13.0 14.6 0.0 8.0 0.0 0.0 Grace period (years) .. 4.4 7.8 3.2 0.0 0.8 0.0 0.0 Grant element (%) .. 22.5 16.9 37.3 0.0 19.7 0.0 0.0 Private creditors Interest (%) .. 8.1 7.8 0.0 3.3 4.5 0.0 3.0 Maturity (years) .. 5.4 5.0 0.0 5.9 9.0 0.0 9.1 Grace period (years) .. 1.2 4.8 0.0 0.4 1.0 0.0 9.1 Grant element (%) .. 7.0 8.0 0.0 16.8 19.5 0.0 41.2 10. CONTRACTUAL OBLIGATIONS ON OUTSTANDING LONG-TERM DEBT 2007 2008 2009 2010 2011 2012 2013 2014 TOTAL Principal 2,212 1,837 1,408 830 668 1,297 1,759 351 Interest 665 540 431 347 297 256 178 93 Official creditors Principal 36 37 34 27 27 26 26 31 Interest 14 13 11 10 8 7 6 4 Bilateral creditors Principal 5 4 3 2 2 1 1 1 Interest 1 1 1 0 0 0 0 0 Multilateral creditors Principal 31 33 31 25 25 24 24 30 Interest 13 12 11 9 8 7 6 4 Private creditors Principal 2,176 1,800 1,374 804 641 1,271 1,733 319 Interest 651 528 420 338 289 249 173 88 Notes: Private nonguaranteed debt data are World Bank staff estimates. Short-term debt data have been revised starting from 1996 based on government statistics. 236 MACEDONIA, FYR (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 1. SUMMARY DEBT DATA TOTAL DEBT STOCKS (EDT) .. 1,277 1,455 1,663 1,865 2,055 2,243 2,661 Long-term debt (LDOD) .. 1,078 1,319 1,517 1,747 1,901 2,084 2,303 Public and publicly guaranteed .. 788 1,192 1,265 1,438 1,537 1,613 1,498 Private nonguaranteed .. 289 127 252 309 364 471 805 Use of IMF credit .. 57 81 67 68 63 62 56 Short-term debt .. 143 55 78 51 92 97 303 of which interest arrears on LDOD .. 143 4 15 9 9 9 15 Official creditors .. 26 2 10 1 1 0 0 Private creditors .. 117 2 5 7 8 8 15 Memorandum items Principal arrears on LDOD .. 216 19 27 35 43 36 49 Official creditors .. 24 0 12 8 9 1 0 Private creditors .. 191 19 15 26 35 35 49 TOTAL DEBT FLOWS Disbursements .. 112 149 247 237 275 325 368 Long-term debt .. 75 145 247 220 263 309 368 IMF purchases .. 38 4 0 17 12 16 0 Principal repayments .. 20 93 186 192 192 181 439 Long-term debt .. 19 74 177 170 172 170 429 IMF repurchases .. 1 19 9 22 20 11 10 Net flows on debt .. 74 53 62 24 124 149 130 of which short-term debt .. -18 -3 1 -22 41 5 200 Interest payments (INT) .. 11 45 52 52 51 58 84 Long-term debt .. 9 37 49 49 48 54 79 IMF charges .. 2 3 1 1 1 1 2 Short-term debt .. 1 5 2 2 2 3 3 Net transfers on debt .. 63 8 10 -28 73 91 46 Total debt service paid (TDS) .. 32 138 238 243 244 239 522 Long-term debt .. 28 111 226 219 220 224 508 IMF repurchases and charges .. 3 22 10 22 21 12 12 Short-term debt (interest only) .. 1 5 2 2 2 3 3 2. OTHER NET RESOURCE FLOWS (LONG-TERM) Net flow of long-term debt (ex. IMF) .. 56 71 70 50 91 139 -61 Foreign direct investment (net) .. 9 175 78 96 157 100 351 Portfolio equity flows .. 0 0 0 1 15 52 77 Grants (excluding technical coop.) .. 18 174 173 137 142 113 98 of which: Debt forgiveness grants .. .. 0 0 0 0 0 0 IDA grants .. .. .. 0 0 0 0 0 Memo: technical coop. grants .. 16 30 70 100 105 98 95 Interest on long-term debt .. 9 37 49 49 48 54 79 Profit remittances on FDI .. 0 7 24 34 66 86 39 3. MAJOR ECONOMIC AGGREGATES Gross national income (GNI) .. 4,410 3,541 3,762 4,598 5,329 5,760 6,214 Exports of goods, serv. & inc. (XGS) .. .. 1,760 1,509 1,896 2,326 2,778 3,330 Worker remit. & comp. of employees .. 0 81 106 174 213 226 267 Imports of goods & services (MGS) .. .. 2,366 2,273 2,640 3,371 3,755 4,396 International reserves (RES) .. 275 460 790 935 991 1,340 1,889 Current account balance .. .. -72 -358 -149 -415 -81 -24 4. DEBT INDICATORS EDT / XGS (%) .. .. 82.7 110.2 98.4 88.4 80.7 79.9 EDT / GNI (%) .. 29.0 41.1 44.2 40.6 38.6 38.9 42.8 TDS / XGS (%) .. .. 7.9 15.8 12.8 10.5 8.6 15.7 INT / XGS (%) .. .. 2.6 3.4 2.7 2.2 2.1 2.5 INT / GNI (%) .. 0.3 1.3 1.4 1.1 1.0 1.0 1.3 RES / EDT (%) .. 21.5 31.6 47.5 50.1 48.2 59.8 71.0 RES / MGS (months) .. .. 2.3 4.2 4.2 3.5 4.3 5.2 Short-term / EDT (%) .. 11.2 3.8 4.7 2.7 4.5 4.3 11.4 Concessional / EDT (%) .. 8.2 23.3 24.8 28.2 28.6 24.4 22.7 Multilateral / EDT (%) .. 22.6 38.6 39.6 42.8 45.1 39.8 37.6 237 MACEDONIA, FYR (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 5. LONG-TERM DEBT DEBT OUTSTANDING (LDOD) .. 1,078 1,319 1,517 1,747 1,901 2,084 2,303 Public and publicly guaranteed .. 788 1,192 1,265 1,438 1,537 1,613 1,498 Official creditors .. 605 908 982 1,151 1,266 1,181 1,271 Multilateral .. 288 562 658 798 927 893 1,001 Concessional .. 84 297 378 461 507 471 509 Bilateral .. 317 346 324 354 339 288 270 Concessional .. 21 42 34 66 80 76 94 Private creditors .. 184 284 282 287 271 432 226 of which: Bonds .. 0 0 0 0 0 177 198 Commercial banks .. 103 274 275 279 264 249 24 Private nonguaranteed .. 289 127 252 309 364 471 805 Bonds .. 0 0 0 0 0 0 0 Commercial banks and other .. 289 127 252 309 364 471 805 Memo: IBRD .. 97 116 138 175 218 244 259 IDA .. 84 249 293 356 387 364 383 Public sector LDOD .. 785 1,187 1,261 1,435 1,534 1,611 1,497 Private sector LDOD .. 293 132 256 312 366 473 807 DISBURSEMENTS .. 75 145 247 220 263 309 368 Public and publicly guaranteed .. 75 91 140 146 144 285 80 Official creditors .. 74 90 138 131 129 98 79 Multilateral .. 74 79 76 87 107 86 66 Concessional .. 42 44 38 47 21 11 13 Bilateral .. 0 11 62 43 22 12 13 Concessional .. 0 7 3 27 12 10 13 Private creditors .. 0 1 3 15 15 187 0 of which: Bonds .. 0 0 0 0 0 187 0 Commercial banks .. 0 0 3 15 15 0 0 Private nonguaranteed .. 0 54 107 74 119 25 289 Bonds .. 0 0 0 0 0 0 0 Commercial banks and other .. 0 54 107 74 119 25 289 Memo: IBRD .. 20 13 15 26 43 54 11 IDA .. 42 38 18 33 14 8 5 PRINCIPAL REPAYMENTS .. 19 74 177 170 172 170 429 Public and publicly guaranteed .. 19 25 106 89 82 81 307 Official creditors .. 19 23 103 75 65 67 79 Multilateral .. 19 20 38 28 29 31 36 Concessional .. 0 0 0 0 1 2 5 Bilateral .. 0 3 65 46 35 36 43 Concessional .. 0 0 2 3 3 3 3 Private creditors .. 0 2 3 14 17 14 228 of which: Bonds .. 0 0 0 0 0 0 0 Commercial banks .. 0 2 1 13 16 14 226 Private nonguaranteed .. 0 49 71 81 90 90 123 Bonds .. 0 0 0 0 0 0 0 Commercial banks and other .. 0 49 71 81 90 90 123 Memo: IBRD .. 19 3 6 8 11 11 12 IDA .. 0 0 0 0 1 2 4 INTEREST PAYMENTS (LINT) .. 9 37 49 49 48 54 79 Public and publicly guaranteed .. 9 30 42 41 37 41 52 Official creditors .. 9 20 31 34 30 32 37 Multilateral .. 9 19 19 19 19 20 23 Concessional .. 0 4 4 5 5 5 6 Bilateral .. 0 1 12 15 11 12 13 Concessional .. 0 0 1 1 1 1 2 Private creditors .. 0 10 11 6 7 9 15 of which: Bonds .. 0 0 0 0 0 0 9 Commercial banks .. 0 10 11 6 6 8 6 Private nonguaranteed .. 0 7 7 8 11 13 27 Bonds .. 0 0 0 0 0 0 0 Commercial banks and other .. 0 7 7 8 11 13 27 Memo: IBRD .. 8 7 7 7 6 7 10 IDA .. 0 2 2 2 3 3 3 238 MACEDONIA, FYR (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 6. CURRENCY COMPOSITION OF PUBLIC AND PUBLICLY GUARANTEED DEBT (PERCENT) Euro .. .. .. 26.0 31.1 33.6 40.0 50.4 Japanese yen .. 6.5 0.4 0.3 0.1 0.1 0.2 0.5 Pound sterling .. 1.1 0.2 0.1 0.1 0.1 0.1 0.1 Swiss franc .. 0.9 2.5 2.2 0.9 0.8 0.6 0.6 U.S.dollars .. 49.7 72.7 69.0 65.5 63.3 57.4 46.5 7. DEBT RESTRUCTURINGS Total amount rescheduled .. 256 44 1 0 0 0 0 Debt stock rescheduled .. 0 0 0 0 0 0 0 Principal rescheduled .. 242 29 0 0 0 0 0 Official .. 235 28 0 0 0 0 0 Private .. 7 1 0 0 0 0 0 Interest rescheduled .. 14 15 0 0 0 0 0 Official .. 13 14 0 0 0 0 0 Private .. 1 1 0 0 0 0 0 Debt forgiven .. 0 0 0 0 15 0 0 Memo: interest forgiven .. 0 0 0 0 0 0 0 Debt stock reduction .. 0 0 0 0 0 0 0 of which debt buyback .. 0 0 0 0 0 0 0 8. DEBT STOCK-FLOW RECONCILIATION Total change in debt stocks .. 174 38 199 203 190 188 419 Net flows on debt .. 74 53 62 24 124 149 130 Cross-currency valuation .. -41 -36 72 98 53 -96 87 9. AVERAGE TERMS OF NEW COMMITMENTS ALL CREDITORS Interest (%) .. 3.7 5.5 3.5 2.3 2.2 4.0 4.3 Maturity (years) .. 23.2 17.8 18.5 18.6 20.4 12.1 17.1 Grace period (years) .. 6.8 5.8 7.2 5.4 6.0 8.6 5.6 Grant element (%) .. 46.8 30.4 44.3 48.2 51.5 36.5 35.1 Official creditors Interest (%) .. 3.8 5.5 3.4 2.1 2.2 2.7 4.3 Maturity (years) .. 23.0 17.9 18.5 20.5 20.4 16.9 17.1 Grace period (years) .. 6.7 5.9 7.2 6.1 6.0 5.2 5.6 Grant element (%) .. 46.2 30.8 44.6 53.1 51.5 44.8 35.2 Private creditors Interest (%) .. 2.3 9.2 6.7 3.7 0.0 4.6 9.0 Maturity (years) .. 29.7 3.4 15.3 4.8 0.0 10.0 19.8 Grace period (years) .. 10.9 0.5 4.8 0.0 0.0 10.0 0.6 Grant element (%) .. 64.1 1.0 18.6 12.6 0.0 33.0 1.2 10. CONTRACTUAL OBLIGATIONS ON OUTSTANDING LONG-TERM DEBT 2007 2008 2009 2010 2011 2012 2013 2014 TOTAL Principal 325 246 235 213 167 126 103 91 Interest 98 79 70 66 52 43 36 32 Official creditors Principal 113 102 114 121 98 90 84 82 Interest 44 41 37 32 27 24 21 18 Bilateral creditors Principal 69 46 46 48 18 6 6 7 Interest 12 10 7 4 2 2 2 1 Multilateral creditors Principal 43 56 69 73 79 84 78 76 Interest 31 31 30 28 25 23 19 16 Private creditors Principal 212 144 121 92 69 36 19 9 Interest 54 38 33 33 25 19 15 15 Notes: The former Yugoslav Republic of Macedonia became a member of the World Bank in 1993. Debt outstanding as of end-1993 reflect only loans used directly by Macedonian beneficiaries. 239 MADAGASCAR (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 1. SUMMARY DEBT DATA TOTAL DEBT STOCKS (EDT) 3,689 4,302 4,691 4,511 4,952 3,790 3,466 1,453 Long-term debt (LDOD) 3,320 3,687 4,286 4,130 4,616 3,487 3,179 1,236 Public and publicly guaranteed 3,320 3,687 4,286 4,130 4,616 3,487 3,179 1,236 Private nonguaranteed 0 0 0 0 0 0 0 0 Use of IMF credit 144 73 104 150 172 226 212 29 Short-term debt 225 542 301 231 164 78 75 189 of which interest arrears on LDOD 126 486 203 142 143 76 72 186 Official creditors 116 468 190 129 130 76 72 185 Private creditors 10 18 14 13 13 0 0 0 Memorandum items Principal arrears on LDOD 266 1,194 665 597 605 228 218 223 Official creditors 245 1,141 635 560 568 222 213 217 Private creditors 20 53 30 36 37 6 5 6 TOTAL DEBT FLOWS Disbursements 231 90 200 201 232 525 265 289 Long-term debt 213 90 150 186 216 473 249 277 IMF purchases 17 0 50 15 16 52 17 12 Principal repayments 121 38 79 30 37 52 48 46 Long-term debt 69 24 74 28 33 45 38 46 IMF repurchases 51 15 5 2 4 6 10 0 Net flows on debt 194 59 45 167 125 455 218 243 of which short-term debt 83 7 -76 -4 -69 -18 1 0 Interest payments (INT) 102 20 38 33 32 31 30 22 Long-term debt 85 16 28 29 30 30 28 22 IMF charges 10 0 0 1 1 1 1 0 Short-term debt 7 3 9 4 1 0 0 0 Net transfers on debt 91 39 7 133 93 424 189 221 Total debt service paid (TDS) 223 58 117 63 69 82 78 68 Long-term debt 155 40 102 58 64 75 66 67 IMF repurchases and charges 61 15 5 2 4 7 11 0 Short-term debt (interest only) 7 3 9 4 1 0 0 0 2. OTHER NET RESOURCE FLOWS (LONG-TERM) Net flow of long-term debt (ex. IMF) 144 66 76 158 182 428 211 232 Foreign direct investment (net) 22 10 83 8 7 20 29 230 Portfolio equity flows 0 0 0 0 0 0 0 0 Grants (excluding technical coop.) 348 164 115 136 309 889 801 2,543 of which: Debt forgiveness grants .. .. 48 23 138 534 501 2,198 IDA grants .. .. .. 0 0 91 4 5 Memo: technical coop. grants 84 124 85 85 97 97 96 112 Interest on long-term debt 85 16 28 29 30 30 28 22 Profit remittances on FDI 1 3 4 65 32 21 38 0 3. MAJOR ECONOMIC AGGREGATES Gross national income (GNI) 2,958 3,002 3,807 4,326 5,394 4,285 4,962 5,419 Exports of goods, serv. & inc. (XGS) 490 765 1,210 1,302 1,200 1,435 1,357 .. Worker remit. & comp. of employees 8 14 11 17 16 11 11 11 Imports of goods & services (MGS) 985 1,161 1,584 1,949 1,824 2,154 2,146 .. International reserves (RES) 92 109 285 363 414 504 481 583 Current account balance -265 -276 -260 -477 -328 -399 -554 .. 4. DEBT INDICATORS EDT / XGS (%) 753.0 562.2 387.6 346.6 412.7 264.2 255.4 .. EDT / GNI (%) 124.7 143.3 123.2 104.3 91.8 88.5 69.9 26.8 TDS / XGS (%) 45.5 7.6 9.6 4.9 5.7 5.7 5.7 .. INT / XGS (%) 20.8 2.6 3.1 2.6 2.7 2.1 2.2 .. INT / GNI (%) 3.5 0.7 1.0 0.8 0.6 0.7 0.6 0.4 RES / EDT (%) 2.5 2.5 6.1 8.1 8.4 13.3 13.9 40.1 RES / MGS (months) 1.1 1.1 2.2 2.2 2.7 2.8 2.7 .. Short-term / EDT (%) 6.1 12.6 6.4 5.1 3.3 2.1 2.2 13.0 Concessional / EDT (%) 46.3 51.7 61.1 69.0 72.0 83.1 84.1 66.7 Multilateral / EDT (%) 33.4 39.3 39.0 47.2 50.4 74.8 81.9 61.0 240 MADAGASCAR (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 5. LONG-TERM DEBT DEBT OUTSTANDING (LDOD) 3,320 3,687 4,286 4,130 4,616 3,487 3,179 1,236 Public and publicly guaranteed 3,320 3,687 4,286 4,130 4,616 3,487 3,179 1,236 Official creditors 3,180 3,603 4,247 4,093 4,578 3,475 3,170 1,229 Multilateral 1,231 1,690 1,828 2,129 2,496 2,836 2,839 887 Concessional 1,075 1,536 1,764 2,067 2,429 2,774 2,789 838 Bilateral 1,949 1,913 2,419 1,964 2,083 639 331 342 Concessional 633 687 1,100 1,046 1,138 375 125 131 Private creditors 140 84 39 37 37 12 9 6 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 38 28 23 21 21 10 8 5 Private nonguaranteed 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 Commercial banks and other 0 0 0 0 0 0 0 0 Memo: IBRD 26 12 0 0 0 0 0 0 IDA 770 1,110 1,378 1,652 1,975 2,269 2,298 636 Public sector LDOD 3,244 3,555 4,164 4,022 4,499 3,432 3,133 1,231 Private sector LDOD 76 133 122 108 117 54 46 4 DISBURSEMENTS 213 90 150 186 216 473 249 277 Public and publicly guaranteed 213 90 150 186 216 473 249 277 Official creditors 212 89 150 186 216 473 249 277 Multilateral 136 78 143 185 215 308 248 255 Concessional 120 78 134 181 212 292 246 255 Bilateral 77 11 7 1 0 166 1 23 Concessional 77 10 5 1 0 165 1 4 Private creditors 1 1 0 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 Commercial banks and other 0 0 0 0 0 0 0 0 Memo: IBRD 0 0 0 0 0 0 0 0 IDA 64 76 94 163 195 227 221 178 PRINCIPAL REPAYMENTS 69 24 74 28 33 45 38 46 Public and publicly guaranteed 69 24 74 28 33 45 38 46 Official creditors 53 19 73 28 33 43 37 42 Multilateral 19 18 37 17 21 29 22 28 Concessional 9 9 25 12 15 22 18 24 Bilateral 34 1 36 12 12 14 15 14 Concessional 9 1 34 11 12 1 0 1 Private creditors 16 5 0 0 0 2 1 3 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 11 1 0 0 0 2 1 3 Private nonguaranteed 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 Commercial banks and other 0 0 0 0 0 0 0 0 Memo: IBRD 3 4 0 0 0 0 0 0 IDA 3 7 17 6 9 10 11 16 INTEREST PAYMENTS (LINT) 85 16 28 29 30 30 28 22 Public and publicly guaranteed 85 16 28 29 30 30 28 22 Official creditors 72 15 28 29 30 29 28 22 Multilateral 18 12 17 16 16 22 22 17 Concessional 7 9 14 14 15 21 21 16 Bilateral 54 4 11 13 14 7 6 5 Concessional 11 3 4 5 6 2 1 1 Private creditors 13 1 0 0 0 1 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 10 0 0 0 0 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 Commercial banks and other 0 0 0 0 0 0 0 0 Memo: IBRD 2 1 0 0 0 0 0 0 IDA 5 8 10 10 12 16 17 12 241 MADAGASCAR (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 6. CURRENCY COMPOSITION OF PUBLIC AND PUBLICLY GUARANTEED DEBT (PERCENT) Euro .. .. .. 14.9 15.4 2.5 2.3 5.8 Japanese yen 6.9 7.7 7.4 6.8 6.6 0.0 0.0 0.0 Pound sterling 0.1 0.1 0.1 0.1 0.1 0.0 0.0 0.0 Swiss franc 1.4 1.3 0.9 0.9 0.9 0.2 0.1 0.4 U.S.dollars 42.5 45.0 56.8 58.1 58.9 69.9 72.0 56.0 7. DEBT RESTRUCTURINGS Total amount rescheduled 88 0 0 20 15 0 31 0 Debt stock rescheduled 0 0 0 0 0 0 0 0 Principal rescheduled 65 0 0 9 6 0 19 0 Official 49 0 0 9 6 0 19 0 Private 16 0 0 0 0 0 0 0 Interest rescheduled 16 0 0 11 11 0 2 2 Official 14 0 0 11 11 0 2 2 Private 2 0 0 0 0 0 0 0 Debt forgiven 185 0 0 80 51 1,352 93 12 Memo: interest forgiven 0 0 0 38 35 59 2 2 Debt stock reduction 0 0 0 0 0 0 2 2,259 of which debt buyback 0 0 0 0 0 0 0 0 8. DEBT STOCK-FLOW RECONCILIATION Total change in debt stocks 271 226 -53 358 441 -1,161 -324 -2,013 Net flows on debt 194 59 45 167 125 455 218 243 Cross-currency valuation 181 -45 -161 244 322 146 -229 -2,109 9. AVERAGE TERMS OF NEW COMMITMENTS ALL CREDITORS Interest (%) 1.1 1.1 0.8 0.8 0.8 0.7 0.8 0.8 Maturity (years) 36.2 36.8 40.1 40.6 41.3 41.4 37.9 43.4 Grace period (years) 9.7 9.6 10.2 10.2 10.4 9.8 9.8 10.1 Grant element (%) 74.9 75.0 80.6 80.7 81.1 79.3 78.8 80.7 Official creditors Interest (%) 1.1 1.1 0.8 0.8 0.8 0.7 0.8 0.8 Maturity (years) 36.4 36.8 40.1 40.6 41.3 41.4 38.3 43.4 Grace period (years) 9.7 9.6 10.2 10.2 10.4 9.8 9.8 10.1 Grant element (%) 75.2 75.0 80.6 80.7 81.1 79.3 79.0 80.7 Private creditors Interest (%) 5.0 0.0 0.0 0.0 0.0 0.0 1.0 0.0 Maturity (years) 5.1 0.0 0.0 0.0 0.0 0.0 30.4 0.0 Grace period (years) 1.1 0.0 0.0 0.0 0.0 0.0 10.9 0.0 Grant element (%) 12.4 0.0 0.0 0.0 0.0 0.0 75.3 0.0 10. CONTRACTUAL OBLIGATIONS ON OUTSTANDING LONG-TERM DEBT 2007 2008 2009 2010 2011 2012 2013 2014 TOTAL Principal 21 23 25 28 33 34 34 38 Interest 14 15 16 16 13 13 13 13 Official creditors Principal 20 23 25 28 33 34 34 38 Interest 14 15 16 16 13 13 13 13 Bilateral creditors Principal 4 4 4 4 5 3 3 2 Interest 4 4 5 5 2 2 2 1 Multilateral creditors Principal 17 19 21 23 29 31 32 36 Interest 10 11 11 11 11 12 11 11 Private creditors Principal 1 0 0 0 0 0 0 0 Interest 0 0 0 0 0 0 0 0 Notes: Madagascar was granted debt relief effective in 2006 under the Multilateral Debt Relief Initiative. 242 MALAWI (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 1. SUMMARY DEBT DATA TOTAL DEBT STOCKS (EDT) 1,558 2,239 2,705 2,887 3,099 3,428 3,183 850 Long-term debt (LDOD) 1,385 2,079 2,545 2,671 2,935 3,296 3,062 767 Public and publicly guaranteed 1,382 2,079 2,545 2,671 2,935 3,296 3,062 767 Private nonguaranteed 2 0 0 0 0 0 0 0 Use of IMF credit 115 116 83 95 102 92 75 19 Short-term debt 58 44 78 122 62 39 46 64 of which interest arrears on LDOD 6 1 37 30 36 28 34 0 Official creditors 4 1 34 29 35 28 34 0 Private creditors 2 1 2 1 1 0 0 0 Memorandum items Principal arrears on LDOD 19 7 72 37 41 2 13 0 Official creditors 12 3 60 32 36 2 13 0 Private creditors 7 4 12 5 5 0 0 0 TOTAL DEBT FLOWS Disbursements 161 227 127 95 88 86 96 98 Long-term debt 136 215 119 73 79 86 88 83 IMF purchases 25 12 8 22 9 0 8 14 Principal repayments 86 75 42 19 23 35 52 68 Long-term debt 67 65 33 12 16 26 38 51 IMF repurchases 19 10 9 7 8 9 15 17 Net flows on debt 88 183 83 148 -2 35 45 82 of which short-term debt 13 32 -2 72 -66 -15 1 52 Interest payments (INT) 47 43 21 17 19 25 23 22 Long-term debt 36 39 18 16 17 23 22 19 IMF charges 6 1 0 0 1 1 1 1 Short-term debt 4 3 3 1 1 1 0 2 Net transfers on debt 41 141 62 130 -20 11 21 60 Total debt service paid (TDS) 133 118 63 37 42 60 76 90 Long-term debt 103 104 51 28 33 49 60 70 IMF repurchases and charges 25 11 9 8 8 10 16 18 Short-term debt (interest only) 4 3 3 1 1 1 0 2 2. OTHER NET RESOURCE FLOWS (LONG-TERM) Net flow of long-term debt (ex. IMF) 69 150 86 61 63 60 50 32 Foreign direct investment (net) 23 6 26 6 4 -1 3 30 Portfolio equity flows 1 0 0 0 0 0 0 0 Grants (excluding technical coop.) 227 262 228 227 339 396 457 2,664 of which: Debt forgiveness grants .. .. 24 30 39 49 41 2,246 IDA grants .. .. .. 0 20 13 71 30 Memo: technical coop. grants 110 87 111 103 124 111 104 104 Interest on long-term debt 36 39 18 16 17 23 22 19 Profit remittances on FDI 5 9 15 22 0 0 0 0 3. MAJOR ECONOMIC AGGREGATES Gross national income (GNI) 1,837 1,350 1,707 2,621 2,385 2,582 2,813 3,125 Exports of goods, serv. & inc. (XGS) 452 474 471 479 .. .. .. .. Worker remit. & comp. of employees 0 1 1 1 1 1 1 1 Imports of goods & services (MGS) 638 708 680 840 .. .. .. .. International reserves (RES) 142 115 247 166 127 134 165 142 Current account balance -86 -78 -73 -201 .. .. .. .. 4. DEBT INDICATORS EDT / XGS (%) 344.4 472.5 573.9 603.1 .. .. .. .. EDT / GNI (%) 84.8 165.8 158.5 110.2 130.0 132.7 113.1 27.2 TDS / XGS (%) 29.3 24.9 13.3 7.6 .. .. .. .. INT / XGS (%) 10.3 9.0 4.5 3.6 .. .. .. .. INT / GNI (%) 2.5 3.2 1.2 0.7 0.8 1.0 0.8 0.7 RES / EDT (%) 9.1 5.1 9.1 5.7 4.1 3.9 5.2 16.7 RES / MGS (months) 2.7 1.9 4.4 2.4 .. .. .. .. Short-term / EDT (%) 3.7 1.9 2.9 4.2 2.0 1.1 1.5 7.5 Concessional / EDT (%) 67.5 84.6 90.2 89.7 91.6 92.4 93.0 81.2 Multilateral / EDT (%) 69.8 76.3 75.6 78.2 81.4 79.9 80.5 49.7 243 MALAWI (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 5. LONG-TERM DEBT DEBT OUTSTANDING (LDOD) 1,385 2,079 2,545 2,671 2,935 3,296 3,062 767 Public and publicly guaranteed 1,382 2,079 2,545 2,671 2,935 3,296 3,062 767 Official creditors 1,305 2,051 2,527 2,661 2,924 3,288 3,043 759 Multilateral 1,088 1,708 2,044 2,259 2,521 2,738 2,561 423 Concessional 902 1,573 1,974 2,195 2,443 2,636 2,490 354 Bilateral 217 343 482 402 403 550 482 337 Concessional 149 321 467 395 397 531 469 337 Private creditors 78 28 18 10 11 8 18 8 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 35 0 0 0 0 6 17 6 Private nonguaranteed 2 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 Commercial banks and other 2 0 0 0 0 0 0 0 Memo: IBRD 91 55 9 2 1 0 0 0 IDA 764 1,251 1,592 1,770 1,958 2,075 1,940 157 Public sector LDOD 1,372 2,076 2,542 2,668 2,932 3,294 3,062 767 Private sector LDOD 13 3 3 3 3 2 0 0 DISBURSEMENTS 136 215 119 73 79 86 88 83 Public and publicly guaranteed 136 215 119 73 79 86 88 83 Official creditors 128 215 119 73 79 86 88 83 Multilateral 118 97 119 73 79 86 88 80 Concessional 109 93 116 73 79 86 88 80 Bilateral 10 118 0 0 0 0 0 3 Concessional 10 118 0 0 0 0 0 3 Private creditors 7 0 0 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 Commercial banks and other 0 0 0 0 0 0 0 0 Memo: IBRD 2 0 0 0 0 0 0 0 IDA 99 73 97 51 56 62 45 46 PRINCIPAL REPAYMENTS 67 65 33 12 16 26 38 51 Public and publicly guaranteed 65 65 33 12 16 26 38 51 Official creditors 61 43 33 12 16 24 35 49 Multilateral 20 28 30 8 12 19 30 45 Concessional 3 9 19 6 10 15 23 36 Bilateral 41 14 3 4 4 5 6 4 Concessional 4 7 3 4 4 5 6 4 Private creditors 4 23 0 0 0 2 3 2 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 0 10 0 0 0 2 2 1 Private nonguaranteed 1 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 Commercial banks and other 1 0 0 0 0 0 0 0 Memo: IBRD 8 12 8 2 2 0 0 0 IDA 3 7 16 5 9 11 12 26 INTEREST PAYMENTS (LINT) 36 39 18 16 17 23 22 19 Public and publicly guaranteed 36 39 18 16 17 23 22 19 Official creditors 30 35 18 16 17 23 22 19 Multilateral 19 25 17 14 15 20 20 18 Concessional 6 12 15 13 14 18 19 16 Bilateral 12 10 1 2 2 3 1 1 Concessional 3 7 1 2 2 3 1 1 Private creditors 6 4 0 0 0 1 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 3 1 0 0 0 1 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 Commercial banks and other 0 0 0 0 0 0 0 0 Memo: IBRD 8 7 1 0 0 0 0 0 IDA 5 9 12 10 11 14 14 11 244 MALAWI (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 6. CURRENCY COMPOSITION OF PUBLIC AND PUBLICLY GUARANTEED DEBT (PERCENT) Euro .. .. .. 2.0 1.9 3.4 3.3 7.4 Japanese yen 9.3 12.3 8.4 5.4 4.9 7.0 6.2 0.0 Pound sterling 16.7 9.0 6.2 5.5 5.1 4.9 4.8 0.0 Swiss franc 0.1 0.1 0.1 0.1 0.1 0.0 0.0 0.0 U.S.dollars 46.9 53.6 65.9 69.5 69.4 65.0 65.8 57.9 7. DEBT RESTRUCTURINGS Total amount rescheduled 0 0 0 2 2 2 1 180 Debt stock rescheduled 0 0 0 0 0 0 0 177 Principal rescheduled 0 0 0 2 2 2 1 0 Official 0 0 0 2 2 2 1 0 Private 0 0 0 0 0 0 0 0 Interest rescheduled 0 0 0 0 0 0 0 0 Official 0 0 0 0 0 0 0 0 Private 0 0 0 0 0 0 0 0 Debt forgiven 51 0 0 39 42 48 44 71 Memo: interest forgiven 0 0 0 7 7 8 6 8 Debt stock reduction 0 0 0 0 0 0 0 2,377 of which debt buyback 0 0 0 0 0 0 0 0 8. DEBT STOCK-FLOW RECONCILIATION Total change in debt stocks 148 218 -37 303 212 329 -245 -2,333 Net flows on debt 88 183 83 148 -2 35 45 82 Cross-currency valuation 22 -91 -111 139 167 78 -230 -2,022 9. AVERAGE TERMS OF NEW COMMITMENTS ALL CREDITORS Interest (%) 1.3 1.0 0.8 0.8 0.8 1.0 1.4 0.2 Maturity (years) 38.9 38.6 44.7 45.1 41.3 37.6 41.4 38.8 Grace period (years) 9.2 9.6 10.1 9.9 10.3 8.5 8.9 3.0 Grant element (%) 74.8 78.2 81.8 80.7 81.0 75.2 72.9 76.2 Official creditors Interest (%) 1.1 1.0 0.8 0.8 0.8 1.0 1.4 0.2 Maturity (years) 39.5 38.6 44.7 45.1 41.3 37.6 41.4 38.8 Grace period (years) 9.4 9.6 10.1 9.9 10.3 8.5 8.9 3.0 Grant element (%) 76.2 78.2 81.8 80.7 81.0 75.2 72.9 76.2 Private creditors Interest (%) 8.6 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Maturity (years) 11.8 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Grace period (years) 3.5 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Grant element (%) 6.2 0.0 0.0 0.0 0.0 0.0 0.0 0.0 10. CONTRACTUAL OBLIGATIONS ON OUTSTANDING LONG-TERM DEBT 2007 2008 2009 2010 2011 2012 2013 2014 TOTAL Principal 31 30 33 33 34 34 35 34 Interest 13 16 16 15 15 14 13 13 Official creditors Principal 30 30 33 33 34 33 35 34 Interest 13 16 16 15 15 14 13 13 Bilateral creditors Principal 12 12 13 13 13 13 13 13 Interest 8 11 10 10 10 9 9 8 Multilateral creditors Principal 18 18 21 21 21 21 22 21 Interest 6 6 6 5 5 5 5 4 Private creditors Principal 1 0 0 0 0 0 0 0 Interest 0 0 0 0 0 0 0 0 Notes: Malawi was granted debt relief effective in 2006 under the Multilateral Debt Relief Initiative. Rescheduling: Date include the effects of Paris Club debt restructuring agreements signed in 2006. Data on long-term public and publicly guaranteed debt as of end-September 2006 are based on the World Bank staff estimates. 245 MALAYSIA (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 1. SUMMARY DEBT DATA TOTAL DEBT STOCKS (EDT) 15,328 34,343 41,874 48,272 48,557 52,156 51,981 52,526 Long-term debt (LDOD) 13,422 27,069 37,300 39,903 39,932 40,723 38,805 40,723 Public and publicly guaranteed 11,592 16,023 19,234 26,415 25,400 25,570 22,449 21,899 Private nonguaranteed 1,830 11,046 18,067 13,488 14,532 15,153 16,356 18,824 Use of IMF credit 0 0 0 0 0 0 0 0 Short-term debt 1,906 7,274 4,573 8,369 8,625 11,432 13,176 11,803 of which interest arrears on LDOD 0 0 0 0 0 0 0 0 Official creditors 0 0 0 0 0 0 0 0 Private creditors 0 0 0 0 0 0 0 0 Memorandum items Principal arrears on LDOD 0 0 0 0 0 0 0 0 Official creditors 0 0 0 0 0 0 0 0 Private creditors 0 0 0 0 0 0 0 0 TOTAL DEBT FLOWS Disbursements 1,683 8,503 5,921 7,793 5,636 7,786 6,050 7,038 Long-term debt 1,683 8,503 5,921 7,793 5,636 7,786 6,050 7,038 IMF purchases 0 0 0 0 0 0 0 0 Principal repayments 3,167 4,450 4,146 5,973 7,409 7,102 7,192 5,269 Long-term debt 3,167 4,450 4,146 5,973 7,409 7,102 7,192 5,269 IMF repurchases 0 0 0 0 0 0 0 0 Net flows on debt -1,851 5,138 337 3,437 -1,516 3,491 601 396 of which short-term debt -367 1,085 -1,439 1,617 256 2,807 1,744 -1,373 Interest payments (INT) 1,166 1,591 2,299 1,965 2,184 2,089 2,197 2,362 Long-term debt 997 1,150 2,033 1,731 1,909 1,783 1,872 1,882 IMF charges 0 0 0 0 0 0 0 0 Short-term debt 169 441 266 235 275 306 325 480 Net transfers on debt -3,017 3,547 -1,962 1,472 -3,700 1,402 -1,596 -1,965 Total debt service paid (TDS) 4,333 6,041 6,445 7,938 9,593 9,191 9,389 7,630 Long-term debt 4,164 5,600 6,179 7,704 9,318 8,885 9,064 7,151 IMF repurchases and charges 0 0 0 0 0 0 0 0 Short-term debt (interest only) 169 441 266 235 275 306 325 480 2. OTHER NET RESOURCE FLOWS (LONG-TERM) Net flow of long-term debt (ex. IMF) -1,484 4,053 1,775 1,820 -1,772 684 -1,142 1,769 Foreign direct investment (net) 2,332 4,178 3,788 3,203 2,473 4,624 3,966 6,064 Portfolio equity flows 0 0 0 -55 1,340 4,510 -1,200 2,392 Grants (excluding technical coop.) 42 11 9 12 14 14 21 18 of which: Debt forgiveness grants .. .. 0 0 0 0 0 0 IDA grants .. .. .. 0 0 0 0 0 Memo: technical coop. grants 125 121 82 67 62 65 50 46 Interest on long-term debt 997 1,150 2,033 1,731 1,909 1,783 1,872 1,882 Profit remittances on FDI 1,926 4,144 7,173 6,121 6,735 7,757 8,330 8,924 3. MAJOR ECONOMIC AGGREGATES Gross national income (GNI) 42,152 84,689 82,712 88,569 98,061 118,328 130,406 146,105 Exports of goods, serv. & inc. (XGS) 34,514 85,992 114,356 110,400 122,025 148,257 166,757 191,136 Worker remit. & comp. of employees 325 716 981 959 987 1,128 1,281 1,535 Imports of goods & services (MGS) 35,486 93,618 103,944 100,430 106,197 129,264 142,299 161,056 International reserves (RES) 10,659 24,699 28,651 33,762 44,310 66,394 70,450 82,876 Current account balance -870 -8,644 8,488 7,190 13,381 15,079 19,980 25,488 4. DEBT INDICATORS EDT / XGS (%) 44.4 39.9 36.6 43.7 39.8 35.2 31.2 27.5 EDT / GNI (%) 36.4 40.6 50.6 54.5 49.5 44.1 39.9 36.0 TDS / XGS (%) 12.6 7.0 5.6 7.2 7.9 6.2 5.6 4.0 INT / XGS (%) 3.4 1.9 2.0 1.8 1.8 1.4 1.3 1.2 INT / GNI (%) 2.8 1.9 2.8 2.2 2.2 1.8 1.7 1.6 RES / EDT (%) 69.5 71.9 68.4 69.9 91.3 127.3 135.5 157.8 RES / MGS (months) 3.6 3.2 3.3 4.0 5.0 6.2 5.9 6.2 Short-term / EDT (%) 12.4 21.2 10.9 17.3 17.8 21.9 25.3 22.5 Concessional / EDT (%) 14.6 10.6 7.0 6.7 7.3 8.3 8.6 8.4 Multilateral / EDT (%) 11.8 4.8 3.1 2.5 2.4 2.1 1.8 1.5 246 MALAYSIA (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 5. LONG-TERM DEBT DEBT OUTSTANDING (LDOD) 13,422 27,069 37,300 39,903 39,932 40,723 38,805 40,723 Public and publicly guaranteed 11,592 16,023 19,234 26,415 25,400 25,570 22,449 21,899 Official creditors 4,191 5,489 4,950 5,821 6,193 6,976 6,542 6,105 Multilateral 1,812 1,644 1,314 1,184 1,182 1,092 936 798 Concessional 9 1 0 39 59 75 88 102 Bilateral 2,378 3,845 3,637 4,637 5,011 5,884 5,606 5,307 Concessional 2,225 3,651 2,939 3,194 3,462 4,280 4,365 4,314 Private creditors 7,401 10,533 14,284 20,594 19,207 18,594 15,907 15,794 of which: Bonds 4,090 6,062 9,945 13,464 13,698 13,754 12,647 12,845 Commercial banks 2,285 4,171 2,292 4,752 3,402 3,106 1,867 1,787 Private nonguaranteed 1,830 11,046 18,067 13,488 14,532 15,153 16,356 18,824 Bonds 0 1,765 3,402 3,260 4,157 6,271 7,623 7,960 Commercial banks and other 1,830 9,281 14,665 10,229 10,375 8,882 8,733 10,864 Memo: IBRD 1,102 1,059 812 719 708 639 533 437 IDA 0 0 0 0 0 0 0 0 Public sector LDOD 11,592 16,023 19,135 26,283 25,276 25,474 22,431 21,888 Private sector LDOD 1,830 11,046 18,166 13,620 14,656 15,249 16,374 18,835 DISBURSEMENTS 1,683 8,503 5,921 7,793 5,636 7,786 6,050 7,038 Public and publicly guaranteed 798 4,150 3,460 6,293 2,303 3,917 2,182 1,801 Official creditors 737 837 1,446 1,234 867 1,481 981 396 Multilateral 273 135 61 90 122 43 36 30 Concessional 2 0 0 27 24 21 29 29 Bilateral 464 702 1,385 1,144 744 1,438 944 366 Concessional 460 604 1,141 435 248 1,083 782 305 Private creditors 61 3,313 2,015 5,059 1,436 2,436 1,201 1,405 of which: Bonds 0 2,100 1,061 3,838 0 915 1,150 1,000 Commercial banks 57 1,205 672 597 1,436 1,522 51 405 Private nonguaranteed 885 4,353 2,461 1,500 3,334 3,868 3,868 5,237 Bonds 0 480 361 0 906 3,218 1,615 620 Commercial banks and other 885 3,873 2,100 1,500 2,427 650 2,253 4,617 Memo: IBRD 205 88 15 56 87 17 0 0 IDA 0 0 0 0 0 0 0 0 PRINCIPAL REPAYMENTS 3,167 4,450 4,146 5,973 7,409 7,102 7,192 5,269 Public and publicly guaranteed 2,697 1,701 2,017 4,297 4,382 3,989 4,752 2,447 Official creditors 365 455 840 1,416 934 821 1,218 811 Multilateral 216 261 139 171 164 138 155 167 Concessional 2 2 0 5 4 6 15 15 Bilateral 149 195 701 1,246 770 683 1,064 644 Concessional 123 188 666 403 239 344 690 338 Private creditors 2,332 1,245 1,176 2,881 3,449 3,168 3,534 1,635 of which: Bonds 1,239 140 200 1,327 0 960 2,036 920 Commercial banks 664 420 864 1,311 3,061 1,811 1,256 484 Private nonguaranteed 470 2,749 2,129 1,676 3,026 3,113 2,440 2,822 Bonds 0 0 745 549 65 1,110 237 337 Commercial banks and other 470 2,749 1,384 1,127 2,961 2,003 2,203 2,485 Memo: IBRD 164 194 100 126 98 87 92 96 IDA 0 0 0 0 0 0 0 0 INTEREST PAYMENTS (LINT) 997 1,150 2,033 1,731 1,909 1,783 1,872 1,882 Public and publicly guaranteed 956 805 1,171 1,189 1,398 1,299 1,222 1,191 Official creditors 232 284 259 266 224 237 314 228 Multilateral 145 128 98 80 67 55 47 40 Concessional 1 0 0 0 0 0 1 1 Bilateral 87 155 160 186 158 182 267 188 Concessional 75 146 94 119 112 136 214 139 Private creditors 724 522 912 923 1,174 1,062 908 963 of which: Bonds 414 251 611 669 892 802 760 796 Commercial banks 199 190 189 165 195 184 91 109 Private nonguaranteed 41 345 862 542 510 484 650 690 Bonds 0 28 159 152 190 187 363 437 Commercial banks and other 41 318 703 390 320 297 287 254 Memo: IBRD 86 83 66 54 47 39 33 27 IDA 0 0 0 0 0 0 0 0 247 MALAYSIA (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 6. CURRENCY COMPOSITION OF PUBLIC AND PUBLICLY GUARANTEED DEBT (PERCENT) Euro .. .. .. 4.3 4.0 4.2 4.1 4.7 Japanese yen 36.5 34.6 27.6 20.6 23.6 22.8 22.3 20.2 Pound sterling 1.6 1.0 0.7 0.5 0.6 0.6 0.6 0.7 Swiss franc 3.6 3.1 0.0 0.0 0.0 0.0 0.0 0.0 U.S.dollars 31.8 48.5 62.8 70.5 68.5 70.0 70.8 72.7 7. DEBT RESTRUCTURINGS Total amount rescheduled 0 0 0 0 0 0 0 0 Debt stock rescheduled 0 0 0 0 0 0 0 0 Principal rescheduled 0 0 0 0 0 0 0 0 Official 0 0 0 0 0 0 0 0 Private 0 0 0 0 0 0 0 0 Interest rescheduled 0 0 0 0 0 0 0 0 Official 0 0 0 0 0 0 0 0 Private 0 0 0 0 0 0 0 0 Debt forgiven 0 0 0 0 0 0 0 0 Memo: interest forgiven 0 0 0 0 0 0 0 0 Debt stock reduction 0 0 0 0 0 0 0 0 of which debt buyback 0 0 0 0 0 0 0 0 8. DEBT STOCK-FLOW RECONCILIATION Total change in debt stocks -949 4,007 -30 3,183 285 3,599 -175 545 Net flows on debt -1,851 5,138 337 3,437 -1,516 3,491 601 396 Cross-currency valuation 926 -104 -689 623 923 272 -867 91 9. AVERAGE TERMS OF NEW COMMITMENTS ALL CREDITORS Interest (%) 4.8 5.8 5.7 4.9 1.5 3.0 5.2 5.8 Maturity (years) 20.9 18.3 13.2 11.7 6.7 8.3 9.6 9.6 Grace period (years) 6.0 12.5 3.9 7.9 0.7 3.2 9.5 6.2 Grant element (%) 37.3 27.6 22.7 25.5 23.6 26.3 28.3 21.2 Official creditors Interest (%) 4.0 3.4 3.1 3.7 3.0 0.0 0.0 0.0 Maturity (years) 22.9 24.4 24.1 16.9 15.6 0.0 0.0 0.0 Grace period (years) 6.7 6.3 3.5 4.9 2.1 0.0 0.0 0.0 Grant element (%) 44.2 48.1 45.2 37.5 37.4 0.0 0.0 0.0 Private creditors Interest (%) 8.9 6.3 7.0 5.2 1.4 3.0 5.2 5.8 Maturity (years) 11.4 16.9 7.6 10.2 6.1 8.3 9.6 9.6 Grace period (years) 2.6 14.0 4.0 8.7 0.6 3.2 9.5 6.2 Grant element (%) 4.3 22.7 11.4 22.2 22.6 26.3 28.3 21.2 10. CONTRACTUAL OBLIGATIONS ON OUTSTANDING LONG-TERM DEBT 2007 2008 2009 2010 2011 2012 2013 2014 TOTAL Principal 7,105 4,391 7,721 2,947 2,992 1,613 1,265 2,884 Interest 2,009 1,731 1,479 1,156 1,021 867 782 688 Official creditors Principal 856 837 817 536 466 453 363 336 Interest 207 181 151 121 104 89 74 61 Bilateral creditors Principal 717 711 694 443 385 385 297 281 Interest 169 149 126 102 89 77 66 56 Multilateral creditors Principal 138 126 122 93 81 68 66 55 Interest 38 31 25 19 15 12 8 5 Private creditors Principal 6,249 3,553 6,904 2,410 2,526 1,160 902 2,549 Interest 1,802 1,551 1,328 1,035 917 778 708 627 Notes: Data on long-term public and publicly guaranteed, private nonguaranteed, and short-term debt for 2006 are based on government statistics and World Bank staff estimates. 248 MALDIVES (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 1. SUMMARY DEBT DATA TOTAL DEBT STOCKS (EDT) 78.0 154.9 206.0 271.7 284.4 353.4 368.2 459.3 Long-term debt (LDOD) 64.0 151.9 184.7 223.0 258.5 313.0 307.0 359.9 Public and publicly guaranteed 64.0 151.9 184.7 223.0 258.5 313.0 307.0 359.9 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Use of IMF credit 0.0 0.0 0.0 0.0 0.0 0.0 5.9 6.2 Short-term debt 14.0 3.0 21.4 48.7 25.9 40.5 55.3 93.2 of which interest arrears on LDOD 0.0 0.0 0.0 0.0 0.0 0.5 0.3 0.2 Official creditors 0.0 0.0 0.0 0.0 0.0 0.5 0.2 0.2 Private creditors 0.0 0.0 0.0 0.0 0.0 0.0 0.1 0.0 Memorandum items Principal arrears on LDOD 0.0 0.0 0.0 0.0 0.0 0.1 0.0 0.0 Official creditors 0.0 0.0 0.0 0.0 0.0 0.1 0.0 0.0 Private creditors 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 TOTAL DEBT FLOWS Disbursements 13.0 34.7 13.6 42.6 38.2 54.8 55.0 63.7 Long-term debt 13.0 34.7 13.6 42.6 38.2 54.8 49.0 63.7 IMF purchases 0.0 0.0 0.0 0.0 0.0 0.0 6.1 0.0 Principal repayments 6.0 7.1 13.9 16.6 16.0 23.8 24.2 22.7 Long-term debt 6.0 7.1 13.9 16.6 16.0 23.8 24.2 22.7 IMF repurchases 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Net flows on debt 8.6 29.6 -3.8 20.4 -0.6 45.2 45.9 79.0 of which short-term debt 1.6 2.0 -3.5 -5.6 -22.8 14.1 15.0 38.0 Interest payments (INT) 2.8 3.7 5.9 5.7 5.3 8.7 9.9 11.9 Long-term debt 1.3 3.6 4.7 4.4 4.6 7.8 8.7 9.9 IMF charges 0.0 0.0 0.0 0.0 0.0 0.0 0.1 0.3 Short-term debt 1.5 0.2 1.2 1.3 0.7 0.9 1.1 1.7 Net transfers on debt 5.8 25.8 -9.7 14.7 -5.9 36.5 36.0 67.1 Total debt service paid (TDS) 8.8 10.8 19.8 22.2 21.3 32.4 34.0 34.6 Long-term debt 7.3 10.7 18.7 20.9 20.6 31.5 32.8 32.6 IMF repurchases and charges 0.0 0.0 0.0 0.0 0.0 0.0 0.1 0.3 Short-term debt (interest only) 1.5 0.2 1.2 1.3 0.7 0.9 1.1 1.7 2. OTHER NET RESOURCE FLOWS (LONG-TERM) Net flow of long-term debt (ex. IMF) 7.0 27.6 -0.4 26.0 22.2 31.0 24.8 41.0 Foreign direct investment (net) 5.6 7.2 13.0 12.4 13.5 14.7 9.5 13.9 Portfolio equity flows 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Grants (excluding technical coop.) 11.3 23.7 10.0 10.1 5.4 7.5 51.7 20.6 of which: Debt forgiveness grants .. .. 0.0 0.0 0.0 0.0 0.0 0.0 IDA grants .. .. .. 0.0 0.0 0.0 5.6 0.0 Memo: technical coop. grants 5.8 10.1 7.5 6.5 6.7 5.8 8.9 8.5 Interest on long-term debt 1.3 3.6 4.7 4.4 4.6 7.8 8.7 9.9 Profit remittances on FDI 13.9 19.9 34.4 35.3 39.0 36.4 30.9 41.0 3. MAJOR ECONOMIC AGGREGATES Gross national income (GNI) 193.9 379.0 594.3 604.2 655.4 719.2 725.9 877.8 Exports of goods, serv. & inc. (XGS) 183.8 322.4 462.8 491.4 584.6 692.8 486.1 704.0 Worker remit. & comp. of employees 2.0 2.0 2.0 2.0 2.0 3.0 2.0 2.3 Imports of goods & services (MGS) 177.7 337.0 492.0 496.9 579.2 767.2 901.4 1104.8 International reserves (RES) 24.4 48.0 122.8 133.1 159.5 203.6 186.3 231.4 Current account balance 9.9 -18.2 -56.1 -45.1 -36.8 -127.9 -279.1 -378.6 4. DEBT INDICATORS EDT / XGS (%) 42.4 48.0 44.5 55.3 48.7 51.0 75.7 65.2 EDT / GNI (%) 40.2 40.9 34.7 45.0 43.4 49.1 50.7 52.3 TDS / XGS (%) 4.8 3.4 4.3 4.5 3.6 4.7 7.0 4.9 INT / XGS (%) 1.5 1.2 1.3 1.1 0.9 1.2 2.0 1.7 INT / GNI (%) 1.4 1.0 1.0 0.9 0.8 1.2 1.4 1.4 RES / EDT (%) 31.3 31.0 59.6 49.0 56.1 57.6 50.6 50.4 RES / MGS (months) 1.6 1.7 3.0 3.2 3.3 3.2 2.5 2.5 Short-term / EDT (%) 18.0 1.9 10.4 17.9 9.1 11.4 15.0 20.3 Concessional / EDT (%) 71.0 81.6 69.1 60.5 64.6 60.8 56.9 49.5 Multilateral / EDT (%) 41.7 58.8 58.5 52.9 56.9 53.8 47.8 47.7 249 MALDIVES (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 5. LONG-TERM DEBT DEBT OUTSTANDING (LDOD) 64.0 151.9 184.7 223.0 258.5 313.0 307.0 359.9 Public and publicly guaranteed 64.0 151.9 184.7 223.0 258.5 313.0 307.0 359.9 Official creditors 60.2 142.6 154.8 175.1 194.4 224.1 217.4 263.8 Multilateral 32.5 91.1 120.5 143.8 161.9 190.3 176.0 219.2 Concessional 32.5 91.1 115.4 138.5 156.1 184.2 170.4 183.6 Bilateral 27.6 51.5 34.3 31.3 32.5 33.8 41.4 44.7 Concessional 22.8 35.3 26.9 26.0 27.6 30.7 39.1 43.5 Private creditors 3.8 9.4 29.9 47.9 64.1 88.8 89.6 96.1 of which: Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 3.4 23.7 43.9 61.2 87.7 89.6 96.1 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks and other 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 10.0 36.1 46.4 50.3 57.6 65.6 64.4 69.8 Public sector LDOD 64.0 151.9 183.4 221.3 257.7 301.9 297.9 353.8 Private sector LDOD 0.0 0.0 1.2 1.7 0.8 11.0 9.1 6.1 DISBURSEMENTS 13.0 34.7 13.6 42.6 38.2 54.8 49.0 63.7 Public and publicly guaranteed 13.0 34.7 13.6 42.6 38.2 54.8 49.0 63.7 Official creditors 9.6 30.9 6.3 18.5 18.1 17.6 28.1 46.3 Multilateral 3.6 18.7 6.1 15.0 14.4 11.7 16.1 38.9 Concessional 3.6 18.7 5.4 14.9 14.4 11.7 16.1 9.8 Bilateral 5.9 12.2 0.2 3.5 3.8 6.0 12.0 7.4 Concessional 1.1 12.2 0.2 3.5 3.8 6.0 12.0 7.4 Private creditors 3.5 3.8 7.3 24.1 20.0 37.2 20.9 17.5 of which: Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 2.4 6.1 24.1 20.0 37.2 20.9 17.5 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks and other 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 1.2 3.9 3.3 3.2 3.2 6.1 4.6 3.4 PRINCIPAL REPAYMENTS 6.0 7.1 13.9 16.6 16.0 23.8 24.2 22.7 Public and publicly guaranteed 6.0 7.1 13.9 16.6 16.0 23.8 24.2 22.7 Official creditors 3.7 4.8 6.7 7.0 6.2 9.2 7.9 9.1 Multilateral 1.5 1.4 2.5 3.0 3.3 4.1 4.0 4.3 Concessional 1.5 1.4 2.5 3.0 3.3 4.1 3.9 4.0 Bilateral 2.2 3.4 4.2 4.0 2.9 5.0 4.0 4.9 Concessional 1.9 2.7 3.2 2.9 2.5 3.3 3.1 3.7 Private creditors 2.3 2.3 7.3 9.5 9.8 14.6 16.2 13.6 of which: Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 1.5 0.6 6.1 8.2 8.3 12.8 15.2 13.6 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks and other 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 0.0 0.1 0.4 0.6 0.7 0.8 1.0 1.1 INTEREST PAYMENTS (LINT) 1.3 3.6 4.7 4.4 4.6 7.8 8.7 9.9 Public and publicly guaranteed 1.3 3.6 4.7 4.4 4.6 7.8 8.7 9.9 Official creditors 0.8 2.7 2.6 2.5 2.2 2.7 2.9 3.0 Multilateral 0.3 1.0 1.5 1.6 1.7 1.9 2.1 2.2 Concessional 0.3 1.0 1.4 1.6 1.6 1.9 2.0 2.1 Bilateral 0.5 1.7 1.1 0.9 0.6 0.8 0.8 0.9 Concessional 0.3 0.4 0.5 0.4 0.4 0.5 0.6 0.7 Private creditors 0.5 0.8 2.2 1.9 2.3 5.1 5.8 6.9 of which: Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.1 0.2 1.8 1.6 2.1 5.0 5.7 6.9 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks and other 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 0.1 0.3 0.3 0.3 0.4 0.5 0.5 0.5 250 MALDIVES (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 6. CURRENCY COMPOSITION OF PUBLIC AND PUBLICLY GUARANTEED DEBT (PERCENT) Euro .. .. .. 15.5 14.9 11.5 8.5 15.1 Japanese yen 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Pound sterling 0.4 0.0 0.2 0.0 0.0 0.0 0.0 0.0 Swiss franc 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 U.S.dollars 25.4 51.3 53.3 46.1 48.8 51.3 53.1 49.4 7. DEBT RESTRUCTURINGS Total amount rescheduled 0.0 0.0 0.0 0.0 0.0 0.0 0.0 3.1 Debt stock rescheduled 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal rescheduled 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Official 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Interest rescheduled 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Official 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Debt forgiven 0.0 0.0 0.0 0.0 0.5 0.0 0.0 0.0 Memo: interest forgiven 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Debt stock reduction 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 of which debt buyback 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 8. DEBT STOCK-FLOW RECONCILIATION Total change in debt stocks 11.2 31.3 -12.9 36.7 12.8 69.0 14.7 91.1 Net flows on debt 8.6 29.6 -3.8 20.4 -0.6 45.2 45.9 79.0 Cross-currency valuation 1.2 1.1 -6.5 10.7 8.8 21.5 -18.7 10.3 9. AVERAGE TERMS OF NEW COMMITMENTS ALL CREDITORS Interest (%) 0.8 3.2 3.7 3.9 6.3 1.8 3.7 4.2 Maturity (years) 37.3 31.3 26.8 14.7 11.0 24.8 19.6 18.1 Grace period (years) 9.2 9.1 6.9 2.9 1.5 5.9 4.2 4.1 Grant element (%) 77.2 56.1 47.8 31.9 15.0 57.6 41.5 35.8 Official creditors Interest (%) 0.8 2.5 2.5 1.7 0.0 0.6 1.1 3.6 Maturity (years) 37.3 34.8 34.7 30.2 0.0 32.5 30.5 19.4 Grace period (years) 9.2 10.1 9.3 7.8 0.0 7.5 6.7 4.5 Grant element (%) 77.2 63.1 63.3 66.2 0.0 74.4 68.6 40.8 Private creditors Interest (%) 0.0 7.9 6.6 4.4 6.3 4.5 6.6 8.4 Maturity (years) 0.0 6.0 7.8 11.5 11.0 8.1 7.8 10.3 Grace period (years) 0.0 1.7 1.1 1.9 1.5 2.5 1.6 1.5 Grant element (%) 0.0 6.3 10.5 24.8 15.0 21.0 12.2 5.4 10. CONTRACTUAL OBLIGATIONS ON OUTSTANDING LONG-TERM DEBT 2007 2008 2009 2010 2011 2012 2013 2014 TOTAL Principal 36.5 40.4 47.0 45.8 45.2 41.2 33.0 31.6 Interest 15.2 15.7 14.3 12.5 10.5 8.5 6.8 5.4 Official creditors Principal 14.2 16.2 22.3 21.1 21.0 21.0 21.2 21.3 Interest 6.9 7.3 6.8 6.4 5.9 5.4 4.8 4.3 Bilateral creditors Principal 4.9 3.5 3.5 4.9 4.9 4.4 4.5 4.5 Interest 0.9 0.9 0.9 0.9 0.9 0.8 0.7 0.7 Multilateral creditors Principal 9.3 12.7 18.8 16.2 16.1 16.5 16.7 16.8 Interest 6.0 6.3 5.8 5.5 5.0 4.5 4.1 3.6 Private creditors Principal 22.3 24.3 24.7 24.7 24.2 20.2 11.8 10.2 Interest 8.3 8.4 7.5 6.1 4.6 3.2 2.0 1.1 Notes: 251 MALI (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 1. SUMMARY DEBT DATA TOTAL DEBT STOCKS (EDT) 2,468 2,958 2,980 2,827 3,114 3,320 3,025 1,436 Long-term debt (LDOD) 2,337 2,739 2,671 2,518 2,910 3,136 2,899 1,411 Public and publicly guaranteed 2,337 2,739 2,671 2,518 2,910 3,136 2,899 1,411 Private nonguaranteed 0 0 0 0 0 0 0 0 Use of IMF credit 69 147 176 166 169 145 109 8 Short-term debt 62 72 134 144 35 39 17 17 of which interest arrears on LDOD 9 28 42 7 6 6 0 0 Official creditors 9 28 42 7 6 6 0 0 Private creditors 0 0 0 0 0 0 0 0 Memorandum items Principal arrears on LDOD 63 342 541 108 115 134 22 29 Official creditors 63 340 541 108 115 134 22 29 Private creditors 0 2 0 0 0 0 0 0 TOTAL DEBT FLOWS Disbursements 195 238 109 152 216 168 282 207 Long-term debt 167 193 100 143 198 166 280 201 IMF purchases 28 45 9 9 18 2 2 6 Principal repayments 44 62 66 58 56 71 63 59 Long-term debt 25 55 50 40 38 53 47 59 IMF repurchases 18 7 16 18 18 18 17 0 Net flows on debt 159 200 -11 191 51 100 203 148 of which short-term debt 8 24 -53 97 -108 4 -16 0 Interest payments (INT) 24 25 27 25 20 27 25 21 Long-term debt 17 22 18 21 17 25 23 20 IMF charges 4 1 1 1 1 1 0 0 Short-term debt 3 2 9 2 2 1 1 1 Net transfers on debt 135 175 -38 166 31 73 178 127 Total debt service paid (TDS) 68 87 94 83 77 99 88 80 Long-term debt 43 77 68 61 56 79 70 79 IMF repurchases and charges 22 7 17 19 19 19 17 0 Short-term debt (interest only) 3 2 9 2 2 1 1 1 2. OTHER NET RESOURCE FLOWS (LONG-TERM) Net flow of long-term debt (ex. IMF) 142 138 50 104 159 112 234 142 Foreign direct investment (net) 6 111 82 244 132 101 159 185 Portfolio equity flows 0 0 0 -2 1 -1 9 6 Grants (excluding technical coop.) 201 208 308 240 321 494 456 2,120 of which: Debt forgiveness grants .. .. 33 40 45 117 40 1,687 IDA grants .. .. .. 0 15 0 8 5 Memo: technical coop. grants 93 132 120 123 127 122 130 137 Interest on long-term debt 17 22 18 21 17 25 23 20 Profit remittances on FDI 4 5 76 227 120 152 155 0 3. MAJOR ECONOMIC AGGREGATES Gross national income (GNI) 2,405 2,419 2,392 3,103 4,203 4,679 5,099 5,524 Exports of goods, serv. & inc. (XGS) 549 650 734 1,207 1,312 1,380 1,560 .. Worker remit. & comp. of employees 107 112 73 137 154 155 177 177 Imports of goods & services (MGS) 889 1,040 1,046 1,376 1,652 1,844 2,072 .. International reserves (RES) 198 323 381 594 952 861 855 970 Current account balance -221 -284 -255 -149 -271 -409 -438 .. 4. DEBT INDICATORS EDT / XGS (%) 449.3 455.2 406.1 234.2 237.3 240.6 193.9 .. EDT / GNI (%) 102.6 122.3 124.6 91.1 74.1 70.9 59.3 26.0 TDS / XGS (%) 12.3 13.4 12.8 6.8 5.8 7.1 5.6 .. INT / XGS (%) 4.4 3.8 3.7 2.0 1.5 2.0 1.6 .. INT / GNI (%) 1.0 1.0 1.1 0.8 0.5 0.6 0.5 0.4 RES / EDT (%) 8.0 10.9 12.8 21.0 30.6 25.9 28.2 67.5 RES / MGS (months) 2.7 3.7 4.4 5.2 6.9 5.6 4.9 .. Short-term / EDT (%) 2.5 2.4 4.5 5.1 1.1 1.2 0.6 1.2 Concessional / EDT (%) 91.1 89.9 84.1 87.9 92.4 93.4 94.9 96.2 Multilateral / EDT (%) 36.3 47.2 50.8 62.1 66.5 68.4 74.1 47.7 252 MALI (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 5. LONG-TERM DEBT DEBT OUTSTANDING (LDOD) 2,337 2,739 2,671 2,518 2,910 3,136 2,899 1,411 Public and publicly guaranteed 2,337 2,739 2,671 2,518 2,910 3,136 2,899 1,411 Official creditors 2,321 2,737 2,671 2,518 2,910 3,134 2,894 1,405 Multilateral 897 1,397 1,513 1,755 2,071 2,269 2,240 686 Concessional 875 1,357 1,495 1,741 2,057 2,255 2,222 668 Bilateral 1,424 1,340 1,158 763 839 864 654 719 Concessional 1,373 1,303 1,012 744 820 844 649 714 Private creditors 16 2 0 0 0 2 5 7 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 0 2 0 0 0 2 5 7 Private nonguaranteed 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 Commercial banks and other 0 0 0 0 0 0 0 0 Memo: IBRD 0 0 0 0 0 0 0 0 IDA 498 863 957 1,134 1,322 1,441 1,424 282 Public sector LDOD 2,331 2,739 2,671 2,518 2,910 3,136 2,899 1,411 Private sector LDOD 6 0 0 0 0 0 0 0 DISBURSEMENTS 167 193 100 143 198 166 280 201 Public and publicly guaranteed 167 193 100 143 198 166 280 201 Official creditors 167 193 100 143 198 164 277 200 Multilateral 115 146 85 127 174 153 211 165 Concessional 111 141 85 127 173 151 202 165 Bilateral 52 47 14 17 24 11 66 35 Concessional 52 47 14 17 24 11 66 35 Private creditors 0 0 0 0 0 2 3 1 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 2 3 1 Private nonguaranteed 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 Commercial banks and other 0 0 0 0 0 0 0 0 Memo: IBRD 0 0 0 0 0 0 0 0 IDA 43 85 49 91 95 76 111 105 PRINCIPAL REPAYMENTS 25 55 50 40 38 53 47 59 Public and publicly guaranteed 25 55 50 40 38 53 47 59 Official creditors 24 55 50 40 38 53 47 59 Multilateral 14 23 26 21 26 33 33 45 Concessional 13 20 23 19 23 31 31 43 Bilateral 11 32 24 18 12 20 13 14 Concessional 10 25 23 17 11 20 13 14 Private creditors 1 0 0 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 Commercial banks and other 0 0 0 0 0 0 0 0 Memo: IBRD 0 0 0 0 0 0 0 0 IDA 2 6 7 3 5 7 9 12 INTEREST PAYMENTS (LINT) 17 22 18 21 17 25 23 20 Public and publicly guaranteed 17 22 18 21 17 25 23 20 Official creditors 17 22 18 21 17 25 23 19 Multilateral 10 12 12 15 14 19 21 16 Concessional 8 11 12 15 14 19 21 15 Bilateral 7 10 5 6 3 6 2 4 Concessional 6 8 4 6 3 5 2 4 Private creditors 1 0 0 0 0 0 0 1 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 1 Private nonguaranteed 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 Commercial banks and other 0 0 0 0 0 0 0 0 Memo: IBRD 0 0 0 0 0 0 0 0 IDA 3 6 7 7 8 10 11 7 253 MALI (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 6. CURRENCY COMPOSITION OF PUBLIC AND PUBLICLY GUARANTEED DEBT (PERCENT) Euro .. .. .. 16.8 16.4 15.9 14.7 20.9 Japanese yen 0.3 2.3 2.9 2.8 2.6 2.4 0.0 0.0 Pound sterling 2.6 1.8 1.8 2.0 1.9 1.9 1.8 4.2 Swiss franc 2.3 2.1 1.5 1.9 1.8 1.8 1.7 3.8 U.S.dollars 14.8 22.5 33.9 43.8 44.2 45.0 43.4 21.8 7. DEBT RESTRUCTURINGS Total amount rescheduled 11 0 0 350 0 0 0 0 Debt stock rescheduled 0 0 0 206 0 0 0 0 Principal rescheduled 7 0 0 124 0 0 0 0 Official 4 0 0 124 0 0 0 0 Private 3 0 0 0 0 0 0 0 Interest rescheduled 5 0 0 0 0 0 0 0 Official 4 0 0 0 0 0 0 0 Private 1 0 0 0 0 0 0 0 Debt forgiven 2 0 3 451 24 19 228 7 Memo: interest forgiven 2 0 1 44 5 2 1 0 Debt stock reduction 0 0 74 0 0 0 0 1,780 of which debt buyback 0 0 45 0 0 0 0 0 8. DEBT STOCK-FLOW RECONCILIATION Total change in debt stocks 340 264 -216 -83 287 205 -295 -1,589 Net flows on debt 159 200 -11 191 51 100 203 148 Cross-currency valuation 119 -1 -182 159 212 103 -205 -1,368 9. AVERAGE TERMS OF NEW COMMITMENTS ALL CREDITORS Interest (%) 1.0 1.5 0.6 0.9 1.4 1.1 1.0 0.9 Maturity (years) 29.9 30.7 34.9 39.2 36.7 37.9 35.6 39.1 Grace period (years) 8.4 8.8 8.8 8.5 8.4 9.2 8.9 9.7 Grant element (%) 67.6 68.6 76.6 75.5 69.5 74.7 74.2 77.8 Official creditors Interest (%) 1.0 1.5 0.6 0.9 1.2 1.1 1.0 0.9 Maturity (years) 29.9 30.7 34.9 39.2 39.8 37.9 35.6 39.1 Grace period (years) 8.4 8.8 8.8 8.5 9.0 9.2 8.9 9.7 Grant element (%) 67.6 68.6 76.6 75.5 74.1 74.7 74.2 77.8 Private creditors Interest (%) 0.0 0.0 0.0 0.0 3.6 0.0 0.0 0.0 Maturity (years) 0.0 0.0 0.0 0.0 9.9 0.0 0.0 0.0 Grace period (years) 0.0 0.0 0.0 0.0 3.4 0.0 0.0 0.0 Grant element (%) 0.0 0.0 0.0 0.0 28.6 0.0 0.0 0.0 10. CONTRACTUAL OBLIGATIONS ON OUTSTANDING LONG-TERM DEBT 2007 2008 2009 2010 2011 2012 2013 2014 TOTAL Principal 85 83 76 77 79 79 76 83 Interest 17 18 19 18 18 17 17 16 Official creditors Principal 83 81 74 75 77 77 75 82 Interest 17 18 18 18 18 17 16 16 Bilateral creditors Principal 46 44 39 41 40 39 37 44 Interest 5 5 5 5 5 5 4 4 Multilateral creditors Principal 37 37 36 34 38 39 38 38 Interest 12 13 13 13 13 13 12 12 Private creditors Principal 1 1 2 2 2 2 1 1 Interest 0 1 0 0 0 0 0 0 Notes: Mali was granted debt relief effective in 2006 under the Multilateral Debt Relief Initiative. 254 MAURITANIA (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 1. SUMMARY DEBT DATA TOTAL DEBT STOCKS (EDT) 2,113 2,396 2,378 2,266 2,355 2,333 2,316 1,630 Long-term debt (LDOD) 1,806 2,127 2,029 1,938 2,076 2,082 2,079 1,401 Public and publicly guaranteed 1,806 2,127 2,029 1,938 2,076 2,082 2,079 1,401 Private nonguaranteed 0 0 0 0 0 0 0 0 Use of IMF credit 70 100 98 113 104 90 69 0 Short-term debt 238 169 251 215 174 161 167 229 of which interest arrears on LDOD 63 79 112 102 110 94 109 130 Official creditors 57 77 112 102 110 94 109 129 Private creditors 7 3 0 0 0 0 0 1 Memorandum items Principal arrears on LDOD 142 174 337 341 254 213 213 223 Official creditors 121 169 337 341 254 213 213 223 Private creditors 21 5 0 0 0 0 0 0 TOTAL DEBT FLOWS Disbursements 148 133 123 133 128 117 143 175 Long-term debt 136 111 115 117 126 117 143 175 IMF purchases 12 22 8 16 1 0 0 0 Principal repayments 98 79 52 36 39 36 44 72 Long-term debt 83 70 46 30 31 27 34 49 IMF repurchases 16 9 6 6 8 9 10 23 Net flows on debt 102 68 62 59 40 84 90 144 of which short-term debt 53 14 -9 -38 -49 3 -9 41 Interest payments (INT) 47 38 31 18 16 21 23 26 Long-term debt 35 32 20 14 13 18 20 20 IMF charges 3 0 1 1 0 0 0 0 Short-term debt 9 5 11 4 2 2 3 5 Net transfers on debt 55 30 31 41 24 63 67 118 Total debt service paid (TDS) 146 117 83 54 55 57 67 97 Long-term debt 118 102 66 44 44 45 54 69 IMF repurchases and charges 19 9 7 6 9 10 10 23 Short-term debt (interest only) 9 5 11 4 2 2 3 5 2. OTHER NET RESOURCE FLOWS (LONG-TERM) Net flow of long-term debt (ex. IMF) 54 42 69 87 96 90 109 126 Foreign direct investment (net) 7 7 40 118 214 5 115 -3 Portfolio equity flows 0 0 0 0 0 0 0 0 Grants (excluding technical coop.) 78 135 125 243 161 201 132 902 of which: Debt forgiveness grants .. .. 17 91 46 85 10 799 IDA grants .. .. .. 0 0 4 3 4 Memo: technical coop. grants 50 49 32 34 42 40 42 41 Interest on long-term debt 35 32 20 14 13 18 20 20 Profit remittances on FDI 1 4 0 0 0 0 0 0 3. MAJOR ECONOMIC AGGREGATES Gross national income (GNI) 1,076 1,366 1,092 1,276 1,343 1,613 1,901 2,769 Exports of goods, serv. & inc. (XGS) 488 511 .. .. .. .. .. .. Worker remit. & comp. of employees 14 5 2 2 2 2 2 2 Imports of goods & services (MGS) 570 559 .. .. .. .. .. .. International reserves (RES) 59 90 283 400 420 .. .. .. Current account balance -10 22 .. .. .. .. .. .. 4. DEBT INDICATORS EDT / XGS (%) 432.9 468.8 .. .. .. .. .. .. EDT / GNI (%) 196.4 175.3 217.8 177.6 175.3 144.6 121.8 58.9 TDS / XGS (%) 29.8 22.9 .. .. .. .. .. .. INT / XGS (%) 9.7 7.5 .. .. .. .. .. .. INT / GNI (%) 4.4 2.8 2.9 1.4 1.2 1.3 1.2 0.9 RES / EDT (%) 2.8 3.8 11.9 17.7 17.8 .. .. .. RES / MGS (months) 1.2 1.9 .. .. .. .. .. .. Short-term / EDT (%) 11.2 7.1 10.6 9.5 7.4 6.9 7.2 14.0 Concessional / EDT (%) 60.8 70.6 71.8 77.4 81.8 82.7 82.0 70.5 Multilateral / EDT (%) 31.0 38.6 41.8 50.0 55.8 61.5 61.3 45.5 255 MAURITANIA (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 5. LONG-TERM DEBT DEBT OUTSTANDING (LDOD) 1,806 2,127 2,029 1,938 2,076 2,082 2,079 1,401 Public and publicly guaranteed 1,806 2,127 2,029 1,938 2,076 2,082 2,079 1,401 Official creditors 1,709 2,119 2,009 1,931 2,067 2,072 2,056 1,379 Multilateral 654 926 994 1,132 1,313 1,435 1,420 741 Concessional 453 705 878 1,062 1,230 1,347 1,328 578 Bilateral 1,055 1,193 1,016 798 754 637 635 638 Concessional 831 988 829 693 696 581 572 570 Private creditors 97 8 19 7 9 9 23 22 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 7 9 9 23 22 Private nonguaranteed 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 Commercial banks and other 0 0 0 0 0 0 0 0 Memo: IBRD 54 11 0 0 0 0 0 0 IDA 210 336 449 547 634 694 677 130 Public sector LDOD 1,806 2,127 2,029 1,938 2,076 2,082 2,079 1,401 Private sector LDOD 0 0 0 0 0 0 0 0 DISBURSEMENTS 136 111 115 117 126 117 143 175 Public and publicly guaranteed 136 111 115 117 126 117 143 175 Official creditors 136 111 115 113 123 115 128 175 Multilateral 112 88 106 99 115 106 109 169 Concessional 65 78 98 93 95 90 86 73 Bilateral 24 24 9 14 7 9 19 6 Concessional 24 23 9 14 7 9 19 2 Private creditors 0 0 0 4 4 2 15 0 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 4 4 2 15 0 Private nonguaranteed 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 Commercial banks and other 0 0 0 0 0 0 0 0 Memo: IBRD 0 0 0 0 0 0 0 0 IDA 39 30 57 41 42 38 42 47 PRINCIPAL REPAYMENTS 83 70 46 30 31 27 34 49 Public and publicly guaranteed 83 70 46 30 31 27 34 49 Official creditors 81 69 43 30 30 25 33 47 Multilateral 66 35 34 17 14 14 19 45 Concessional 15 18 21 10 9 9 11 18 Bilateral 15 34 9 13 16 11 14 3 Concessional 11 19 8 13 16 11 12 3 Private creditors 1 0 2 0 0 2 1 2 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 2 1 2 Private nonguaranteed 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 Commercial banks and other 0 0 0 0 0 0 0 0 Memo: IBRD 11 2 2 0 0 0 0 0 IDA 1 2 1 1 1 2 2 5 INTEREST PAYMENTS (LINT) 35 32 20 14 13 18 20 20 Public and publicly guaranteed 35 32 20 14 13 18 20 20 Official creditors 34 32 18 13 13 17 19 20 Multilateral 20 15 14 11 11 14 16 16 Concessional 7 8 10 8 8 11 13 11 Bilateral 14 17 5 3 2 4 4 3 Concessional 6 10 3 3 2 4 4 3 Private creditors 1 0 2 0 0 1 1 1 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 1 1 1 Private nonguaranteed 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 Commercial banks and other 0 0 0 0 0 0 0 0 Memo: IBRD 4 1 0 0 0 0 0 0 IDA 1 2 2 3 4 5 6 3 256 MAURITANIA (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 6. CURRENCY COMPOSITION OF PUBLIC AND PUBLICLY GUARANTEED DEBT (PERCENT) Euro .. .. .. 9.7 3.6 2.9 2.2 5.2 Japanese yen 1.3 3.1 3.6 3.5 3.6 0.3 0.1 0.1 Pound sterling 0.6 0.5 0.4 0.0 0.0 0.0 0.0 0.0 Swiss franc 0.0 0.0 0.0 0.0 0.0 0.1 0.1 0.1 U.S.dollars 34.3 34.0 40.9 43.7 44.5 47.7 49.1 31.9 7. DEBT RESTRUCTURINGS Total amount rescheduled 11 65 11 109 213 0 10 0 Debt stock rescheduled 0 0 3 95 131 0 0 0 Principal rescheduled 7 38 87 1 37 0 0 0 Official 5 38 87 1 37 0 0 0 Private 3 0 0 0 0 0 0 0 Interest rescheduled 4 12 16 1 11 0 0 0 Official 4 12 16 1 11 0 0 0 Private 1 0 0 0 0 0 0 0 Debt forgiven 70 13 31 22 20 19 18 5 Memo: interest forgiven 1 2 17 5 5 3 2 1 Debt stock reduction 0 0 0 153 129 68 0 851 of which debt buyback 0 0 0 0 0 0 0 0 8. DEBT STOCK-FLOW RECONCILIATION Total change in debt stocks 142 136 -155 -19 89 -22 -17 -686 Net flows on debt 102 68 62 59 40 84 90 144 Cross-currency valuation 50 7 -71 114 111 -9 -73 -669 9. AVERAGE TERMS OF NEW COMMITMENTS ALL CREDITORS Interest (%) 3.1 1.1 1.9 1.8 1.5 2.5 3.3 1.3 Maturity (years) 31.2 34.7 28.5 26.5 28.9 30.1 21.7 31.4 Grace period (years) 8.5 9.7 7.5 7.3 7.1 7.6 5.4 8.6 Grant element (%) 56.8 75.1 61.6 61.9 59.5 59.3 43.5 69.6 Official creditors Interest (%) 3.1 1.1 1.9 1.8 1.4 2.5 3.3 1.3 Maturity (years) 31.2 34.7 28.5 26.5 33.2 30.1 21.8 31.4 Grace period (years) 8.5 9.7 7.5 7.3 7.9 7.6 5.4 8.6 Grant element (%) 56.8 75.1 61.6 61.9 66.0 59.3 43.5 69.6 Private creditors Interest (%) 0.0 0.0 0.0 0.0 2.0 5.8 5.8 0.0 Maturity (years) 0.0 0.0 0.0 0.0 5.0 9.8 9.8 0.0 Grace period (years) 0.0 0.0 0.0 0.0 2.3 1.8 1.8 0.0 Grant element (%) 0.0 0.0 0.0 0.0 23.2 16.6 16.6 0.0 10. CONTRACTUAL OBLIGATIONS ON OUTSTANDING LONG-TERM DEBT 2007 2008 2009 2010 2011 2012 2013 2014 TOTAL Principal 61 60 65 66 68 77 84 87 Interest 28 31 33 34 33 32 31 29 Official creditors Principal 52 51 64 65 67 77 84 87 Interest 27 31 33 34 33 32 31 29 Bilateral creditors Principal 17 21 29 26 26 33 34 35 Interest 9 11 13 13 13 13 12 12 Multilateral creditors Principal 36 30 35 39 41 44 50 52 Interest 18 20 20 20 20 19 18 17 Private creditors Principal 9 9 1 1 1 0 0 0 Interest 1 0 0 0 0 0 0 0 Notes: Mauritania was granted debt relief effective in 2006 under the Multilateral Debt Relief Initiative. 257 MAURITIUS (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 1. SUMMARY DEBT DATA TOTAL DEBT STOCKS (EDT) 984 1,757 1,713 1,802 2,544 2,289 2,153 1,997 Long-term debt (LDOD) 910 1,415 946 910 994 936 790 634 Public and publicly guaranteed 762 1,148 828 831 922 854 723 585 Private nonguaranteed 147 267 118 79 72 82 66 49 Use of IMF credit 22 0 0 0 0 0 0 0 Short-term debt 52 342 767 892 1,550 1,353 1,363 1,363 of which interest arrears on LDOD 2 1 0 0 0 0 0 0 Official creditors 1 1 0 0 0 0 0 0 Private creditors 1 0 0 0 0 0 0 0 Memorandum items Principal arrears on LDOD 5 0 0 0 0 0 0 0 Official creditors 4 0 0 0 0 0 0 0 Private creditors 1 0 0 0 0 0 0 0 TOTAL DEBT FLOWS Disbursements 161 409 128 177 112 74 138 39 Long-term debt 161 409 128 177 112 74 138 39 IMF purchases 0 0 0 0 0 0 0 0 Principal repayments 103 154 401 185 140 173 200 229 Long-term debt 60 154 401 185 140 173 200 229 IMF repurchases 44 0 0 0 0 0 0 0 Net flows on debt 76 312 -79 12 630 -296 -52 -190 of which short-term debt 18 58 194 20 658 -197 10 0 Interest payments (INT) 52 72 84 65 94 85 80 80 Long-term debt 43 56 52 35 36 35 30 30 IMF charges 5 0 0 0 0 0 0 0 Short-term debt 5 16 32 30 58 50 50 50 Net transfers on debt 23 241 -163 -53 536 -381 -133 -270 Total debt service paid (TDS) 156 225 485 250 234 258 281 309 Long-term debt 103 210 453 220 176 208 231 259 IMF repurchases and charges 48 0 0 0 0 0 0 0 Short-term debt (interest only) 5 16 32 30 58 50 50 50 2. OTHER NET RESOURCE FLOWS (LONG-TERM) Net flow of long-term debt (ex. IMF) 101 255 -273 -8 -28 -99 -62 -190 Foreign direct investment (net) 41 19 266 32 63 14 39 107 Portfolio equity flows 0 22 -4 -1 8 19 36 32 Grants (excluding technical coop.) 25 24 9 19 13 20 17 18 of which: Debt forgiveness grants .. .. 0 0 0 0 0 0 IDA grants .. .. .. 0 0 0 0 0 Memo: technical coop. grants 20 24 16 18 21 23 23 23 Interest on long-term debt 43 56 52 35 36 35 30 30 Profit remittances on FDI 22 15 8 10 24 14 34 88 3. MAJOR ECONOMIC AGGREGATES Gross national income (GNI) 2,363 3,801 4,434 4,541 5,246 6,028 6,285 6,391 Exports of goods, serv. & inc. (XGS) 1,778 2,402 2,671 3,030 3,225 3,500 3,899 4,378 Worker remit. & comp. of employees 0 132 177 215 215 215 215 215 Imports of goods & services (MGS) 1,994 2,525 2,772 2,872 3,184 3,662 4,284 5,060 International reserves (RES) 761 887 914 1,249 1,603 1,633 1,372 1,309 Current account balance -119 -22 -37 249 93 -112 -324 -611 4. DEBT INDICATORS EDT / XGS (%) 55.3 73.1 64.1 59.5 78.9 65.4 55.2 45.6 EDT / GNI (%) 41.6 46.2 38.6 39.7 48.5 38.0 34.3 31.2 TDS / XGS (%) 8.8 9.4 18.1 8.2 7.2 7.4 7.2 7.1 INT / XGS (%) 2.9 3.0 3.1 2.1 2.9 2.4 2.1 1.8 INT / GNI (%) 2.2 1.9 1.9 1.4 1.8 1.4 1.3 1.2 RES / EDT (%) 77.4 50.5 53.4 69.3 63.0 71.3 63.7 65.5 RES / MGS (months) 4.6 4.2 4.0 5.2 6.0 5.4 3.8 3.1 Short-term / EDT (%) 5.3 19.5 44.8 49.5 60.9 59.1 63.3 68.2 Concessional / EDT (%) 35.7 25.1 17.1 16.1 12.8 14.1 14.2 14.7 Multilateral / EDT (%) 31.6 15.4 12.6 15.3 10.9 11.5 11.3 10.7 258 MAURITIUS (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 5. LONG-TERM DEBT DEBT OUTSTANDING (LDOD) 910 1,415 946 910 994 936 790 634 Public and publicly guaranteed 762 1,148 828 831 922 854 723 585 Official creditors 647 664 494 590 611 576 500 436 Multilateral 311 270 216 275 277 264 244 214 Concessional 64 69 58 59 68 74 87 90 Bilateral 336 394 278 315 335 312 256 222 Concessional 288 372 236 232 257 249 219 203 Private creditors 115 484 334 240 310 278 224 150 of which: Bonds 0 150 0 0 0 0 0 0 Commercial banks 102 315 324 189 255 218 173 117 Private nonguaranteed 147 267 118 79 72 82 66 49 Bonds 0 0 0 0 0 0 0 0 Commercial banks and other 147 267 118 79 72 82 66 49 Memo: IBRD 176 140 86 94 85 77 68 61 IDA 19 17 13 12 12 11 10 10 Public sector LDOD 762 1,148 828 831 922 854 723 585 Private sector LDOD 147 267 118 79 72 82 66 49 DISBURSEMENTS 161 409 128 177 112 74 138 39 Public and publicly guaranteed 104 353 119 166 102 48 126 28 Official creditors 96 39 43 134 32 29 62 28 Multilateral 23 18 17 108 11 15 31 14 Concessional 7 5 5 11 7 8 24 4 Bilateral 74 21 26 26 22 15 31 14 Concessional 65 17 16 11 21 15 31 14 Private creditors 8 313 76 32 70 19 64 0 of which: Bonds 0 150 0 0 0 0 0 0 Commercial banks 0 159 76 28 70 10 61 0 Private nonguaranteed 57 56 9 11 10 26 11 11 Bonds 0 0 0 0 0 0 0 0 Commercial banks and other 57 56 9 11 10 26 11 11 Memo: IBRD 6 11 4 41 0 1 2 1 IDA 0 0 0 0 0 0 0 0 PRINCIPAL REPAYMENTS 60 154 401 185 140 173 200 229 Public and publicly guaranteed 44 94 385 157 117 156 179 206 Official creditors 39 61 55 71 77 89 88 116 Multilateral 22 33 34 34 30 36 31 52 Concessional 3 3 3 4 3 4 5 6 Bilateral 17 27 21 37 47 53 58 64 Concessional 12 22 19 26 30 35 38 44 Private creditors 4 33 330 86 40 67 90 90 of which: Bonds 0 0 150 0 0 0 0 0 Commercial banks 4 22 146 83 36 60 83 68 Private nonguaranteed 16 60 16 28 23 18 21 23 Bonds 0 0 0 0 0 0 0 0 Commercial banks and other 16 60 16 28 23 18 21 23 Memo: IBRD 16 23 18 22 13 10 9 8 IDA 0 1 1 1 1 1 1 1 INTEREST PAYMENTS (LINT) 43 56 52 35 36 35 30 30 Public and publicly guaranteed 37 50 51 34 35 33 30 30 Official creditors 33 35 23 20 22 21 20 19 Multilateral 19 16 9 7 7 6 7 8 Concessional 1 1 1 1 1 1 1 2 Bilateral 14 19 14 13 16 15 13 11 Concessional 9 17 11 10 11 11 10 9 Private creditors 4 14 29 14 13 12 11 11 of which: Bonds 0 0 5 0 0 0 0 0 Commercial banks 3 12 22 12 11 10 9 9 Private nonguaranteed 6 6 1 1 1 2 0 0 Bonds 0 0 0 0 0 0 0 0 Commercial banks and other 6 6 1 1 1 2 0 0 Memo: IBRD 14 11 5 3 2 1 2 3 IDA 0 0 0 0 0 0 0 0 259 MAURITIUS (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 6. CURRENCY COMPOSITION OF PUBLIC AND PUBLICLY GUARANTEED DEBT (PERCENT) Euro .. .. .. 53.9 55.4 55.6 49.6 53.7 Japanese yen 1.0 1.2 2.6 2.3 4.1 3.9 5.5 6.0 Pound sterling 8.7 1.8 1.6 1.5 1.3 1.3 1.4 1.7 Swiss franc 0.5 0.2 0.3 0.3 0.3 0.3 0.2 0.2 U.S.dollars 14.4 42.3 45.9 22.4 20.9 20.8 24.4 20.1 7. DEBT RESTRUCTURINGS Total amount rescheduled 0 0 0 0 0 0 0 0 Debt stock rescheduled 0 0 0 0 0 0 0 0 Principal rescheduled 0 0 0 0 0 0 0 0 Official 0 0 0 0 0 0 0 0 Private 0 0 0 0 0 0 0 0 Interest rescheduled 0 0 0 0 0 0 0 0 Official 0 0 0 0 0 0 0 0 Private 0 0 0 0 0 0 0 0 Debt forgiven 0 0 0 0 0 0 0 0 Memo: interest forgiven 0 0 0 0 0 0 0 0 Debt stock reduction 0 0 0 0 0 0 0 0 of which debt buyback 0 0 0 0 0 0 0 0 8. DEBT STOCK-FLOW RECONCILIATION Total change in debt stocks 138 374 -131 82 742 -255 -136 -156 Net flows on debt 76 312 -79 12 630 -296 -52 -190 Cross-currency valuation 40 21 -42 59 96 42 -74 40 9. AVERAGE TERMS OF NEW COMMITMENTS ALL CREDITORS Interest (%) 6.0 5.9 6.4 2.8 2.5 2.6 2.5 4.1 Maturity (years) 17.9 9.7 6.1 11.6 7.7 10.5 4.2 17.2 Grace period (years) 6.3 4.7 2.7 2.9 1.2 2.5 1.2 5.8 Grant element (%) 26.7 19.5 13.8 32.6 22.4 28.6 14.3 37.8 Official creditors Interest (%) 6.0 5.1 3.9 2.7 0.0 2.6 2.6 4.1 Maturity (years) 17.9 17.5 15.7 11.9 19.1 15.7 14.2 17.2 Grace period (years) 6.3 5.5 4.7 3.2 10.1 3.9 4.8 5.8 Grant element (%) 26.7 31.0 36.5 34.1 74.1 41.3 43.2 37.8 Private creditors Interest (%) 0.0 6.3 7.5 3.8 2.6 2.5 2.5 0.0 Maturity (years) 0.0 6.1 1.9 8.8 7.3 1.0 1.0 0.0 Grace period (years) 0.0 4.3 1.9 0.5 0.9 0.0 0.0 0.0 Grant element (%) 0.0 14.3 3.7 21.4 20.7 5.1 5.1 0.0 10. CONTRACTUAL OBLIGATIONS ON OUTSTANDING LONG-TERM DEBT 2007 2008 2009 2010 2011 2012 2013 2014 TOTAL Principal 140 115 113 105 86 74 52 40 Interest 27 24 20 17 14 11 9 7 Official creditors Principal 81 84 83 79 66 62 40 34 Interest 17 17 15 13 11 10 8 6 Bilateral creditors Principal 50 50 49 47 36 31 12 11 Interest 9 8 7 5 4 3 2 1 Multilateral creditors Principal 31 34 34 32 30 31 28 23 Interest 8 8 8 8 8 7 6 5 Private creditors Principal 59 31 30 26 20 12 11 6 Interest 10 7 5 4 2 2 1 0 Notes: 260 MEXICO (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 1. SUMMARY DEBT DATA TOTAL DEBT STOCKS (EDT) 104,442 165,379 150,901 164,537 170,847 171,162 167,942 160,700 Long-term debt (LDOD) 81,809 112,250 131,969 154,637 161,668 162,072 161,363 153,354 Public and publicly guaranteed 75,974 93,902 81,488 99,518 106,660 108,507 108,482 96,304 Private nonguaranteed 5,835 18,348 50,481 55,119 55,009 53,565 52,881 57,050 Use of IMF credit 6,551 15,828 0 0 0 0 0 0 Short-term debt 16,082 37,300 18,932 9,900 9,178 9,090 6,578 7,346 of which interest arrears on LDOD 0 0 0 0 0 0 0 0 Official creditors 0 0 0 0 0 0 0 0 Private creditors 0 0 0 0 0 0 0 0 Memorandum items Principal arrears on LDOD 0 0 0 0 0 0 0 0 Official creditors 0 0 0 0 0 0 0 0 Private creditors 0 0 0 0 0 0 0 0 TOTAL DEBT FLOWS Disbursements 14,229 42,966 34,024 31,714 36,031 40,316 33,895 31,998 Long-term debt 12,045 29,678 32,830 31,714 36,031 40,316 33,895 31,998 IMF purchases 2,184 13,288 1,194 0 0 0 0 0 Principal repayments 4,012 15,309 44,451 32,675 31,534 39,837 34,794 44,564 Long-term debt 2,821 14,165 38,958 32,675 31,534 39,837 34,794 44,564 IMF repurchases 1,191 1,144 5,493 0 0 0 0 0 Net flows on debt 17,637 25,635 -15,557 -5,618 3,775 390 -3,410 -11,798 of which short-term debt 7,420 -2,022 -5,130 -4,656 -722 -89 -2,511 767 Interest payments (INT) 7,301 10,801 14,059 11,169 10,704 10,644 10,338 11,504 Long-term debt 5,797 7,645 12,014 10,669 10,364 10,194 9,694 10,985 IMF charges 522 545 153 0 0 0 0 0 Short-term debt 982 2,611 1,892 500 340 450 644 520 Net transfers on debt 10,336 14,834 -29,616 -16,787 -6,929 -10,254 -13,748 -23,303 Total debt service paid (TDS) 11,313 26,110 58,509 43,844 42,238 50,480 45,132 56,068 Long-term debt 8,618 21,810 50,972 43,344 41,898 50,030 44,489 55,548 IMF repurchases and charges 1,712 1,689 5,646 0 0 0 0 0 Short-term debt (interest only) 982 2,611 1,892 500 340 450 644 520 2. OTHER NET RESOURCE FLOWS (LONG-TERM) Net flow of long-term debt (ex. IMF) 9,224 15,513 -6,128 -962 4,496 479 -899 -12,566 Foreign direct investment (net) 2,549 9,526 17,942 21,096 15,007 22,470 19,881 19,222 Portfolio equity flows 1,995 519 447 -104 -123 -2,522 3,353 2,805 Grants (excluding technical coop.) 54 31 23 43 25 40 106 93 of which: Debt forgiveness grants .. .. 0 0 1 0 0 0 IDA grants .. .. .. 0 0 0 0 0 Memo: technical coop. grants 81 122 109 176 155 134 149 198 Interest on long-term debt 5,797 7,645 12,014 10,669 10,364 10,194 9,694 10,985 Profit remittances on FDI 2,304 4,259 6,017 3,915 3,565 3,589 6,119 6,097 3. MAJOR ECONOMIC AGGREGATES Gross national income (GNI) 254,084 273,409 566,409 636,379 626,781 673,170 754,597 826,021 Exports of goods, serv. & inc. (XGS) 54,570 96,707 192,425 187,651 194,891 224,392 256,012 296,538 Worker remit. & comp. of employees 3,098 4,368 7,525 11,029 15,165 18,260 21,657 25,052 Imports of goods & services (MGS) 63,504 98,571 211,530 202,220 203,922 231,400 261,638 298,914 International reserves (RES) 10,217 17,046 35,577 50,671 59,027 64,202 74,110 76,329 Current account balance -7,451 -1,576 -18,684 -14,115 -8,569 -6,576 -5,176 -1,993 4. DEBT INDICATORS EDT / XGS (%) 191.4 171.0 78.4 87.7 87.7 76.3 65.6 54.2 EDT / GNI (%) 41.1 60.5 26.6 25.9 27.3 25.4 22.3 19.5 TDS / XGS (%) 20.7 27.0 30.4 23.4 21.7 22.5 17.6 18.9 INT / XGS (%) 13.4 11.2 7.3 6.0 5.5 4.7 4.0 3.9 INT / GNI (%) 2.9 4.0 2.5 1.8 1.7 1.6 1.4 1.4 RES / EDT (%) 9.8 10.3 23.6 30.8 34.5 37.5 44.1 47.5 RES / MGS (months) 1.9 2.1 2.0 3.0 3.5 3.3 3.4 3.1 Short-term / EDT (%) 15.4 22.6 12.5 6.0 5.4 5.3 3.9 4.6 Concessional / EDT (%) 0.8 0.9 0.8 0.8 0.7 0.8 0.9 0.9 Multilateral / EDT (%) 13.7 11.3 11.4 10.5 10.3 9.8 9.8 5.2 261 MEXICO (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 5. LONG-TERM DEBT DEBT OUTSTANDING (LDOD) 81,809 112,250 131,969 154,637 161,668 162,072 161,363 153,354 Public and publicly guaranteed 75,974 93,902 81,488 99,518 106,660 108,507 108,482 96,304 Official creditors 22,621 38,997 20,850 20,235 20,304 19,297 18,782 10,480 Multilateral 14,302 18,636 17,238 17,203 17,588 16,692 16,478 8,418 Concessional 60 17 0 0 0 0 0 0 Bilateral 8,318 20,361 3,612 3,032 2,716 2,605 2,304 2,062 Concessional 822 1,526 1,185 1,299 1,265 1,419 1,454 1,451 Private creditors 53,353 54,904 60,639 79,283 86,356 89,210 89,700 85,824 of which: Bonds 40,100 45,287 52,212 48,293 48,884 51,154 46,539 38,636 Commercial banks 6,630 5,302 5,823 29,520 36,084 37,008 42,281 46,394 Private nonguaranteed 5,835 18,348 50,481 55,119 55,009 53,565 52,881 57,050 Bonds 150 13,026 20,644 19,079 18,607 15,419 19,442 19,389 Commercial banks and other 5,685 5,323 29,837 36,040 36,402 38,146 33,439 37,662 Memo: IBRD 11,030 13,823 11,444 10,494 10,414 9,264 8,881 4,418 IDA 0 0 0 0 0 0 0 0 Public sector LDOD 75,595 93,471 81,210 99,241 106,447 108,382 108,448 96,297 Private sector LDOD 6,214 18,779 50,758 55,396 55,221 53,690 52,916 57,058 DISBURSEMENTS 12,045 29,678 32,830 31,714 36,031 40,316 33,895 31,998 Public and publicly guaranteed 9,985 23,399 11,483 13,066 19,909 19,863 15,143 14,967 Official creditors 5,454 13,426 2,855 2,326 2,438 2,151 2,309 2,365 Multilateral 3,647 2,663 2,534 1,941 2,276 1,737 1,946 2,108 Concessional 0 0 0 0 0 0 0 0 Bilateral 1,807 10,763 322 386 162 414 363 257 Concessional 636 10 4 231 99 297 260 144 Private creditors 4,532 9,973 8,628 10,740 17,471 17,712 12,833 12,602 of which: Bonds 975 7,059 6,826 4,367 7,676 8,103 2,135 3,263 Commercial banks 2,552 1,699 1,638 6,279 9,570 9,412 10,626 9,235 Private nonguaranteed 2,060 6,279 21,346 18,647 16,122 20,453 18,753 17,031 Bonds 150 843 3,346 2,504 2,505 3,922 6,669 4,506 Commercial banks and other 1,910 5,435 18,000 16,144 13,617 16,531 12,084 12,525 Memo: IBRD 3,326 1,732 1,748 944 1,258 767 997 1,429 IDA 0 0 0 0 0 0 0 0 PRINCIPAL REPAYMENTS 2,821 14,165 38,958 32,675 31,534 39,837 34,794 44,564 Public and publicly guaranteed 2,625 9,136 16,328 12,592 15,469 18,104 15,682 31,558 Official creditors 1,286 3,072 3,377 2,380 2,769 3,355 2,531 10,950 Multilateral 1,037 1,714 1,816 1,733 2,131 2,712 1,982 10,420 Concessional 13 7 1 0 0 0 0 0 Bilateral 249 1,358 1,561 647 638 643 550 530 Concessional 0 100 107 118 132 194 156 163 Private creditors 1,339 6,064 12,950 10,212 12,700 14,749 13,151 20,608 of which: Bonds 464 3,534 9,256 6,688 8,428 6,818 6,997 12,793 Commercial banks 185 1,623 2,870 3,178 3,911 7,573 5,975 7,614 Private nonguaranteed 196 5,029 22,630 20,084 16,065 21,733 19,112 13,005 Bonds 0 610 3,552 4,082 2,985 7,110 2,645 4,703 Commercial banks and other 196 4,419 19,078 16,002 13,080 14,623 16,467 8,302 Memo: IBRD 801 1,411 1,330 1,334 1,338 1,917 1,379 6,100 IDA 0 0 0 0 0 0 0 0 INTEREST PAYMENTS (LINT) 5,797 7,645 12,014 10,669 10,364 10,194 9,694 10,985 Public and publicly guaranteed 5,215 6,239 7,763 6,385 6,445 6,432 6,758 6,411 Official creditors 1,378 2,659 1,553 1,224 1,078 926 847 912 Multilateral 1,005 1,291 1,275 1,106 985 852 769 831 Concessional 2 1 0 0 0 0 0 0 Bilateral 373 1,368 278 118 93 75 78 81 Concessional 8 69 44 35 34 36 44 49 Private creditors 3,838 3,579 6,210 5,161 5,366 5,506 5,911 5,499 of which: Bonds 1,112 2,906 4,283 4,036 4,127 3,984 3,961 3,592 Commercial banks 2,195 346 1,333 1,056 1,190 1,485 1,917 1,869 Private nonguaranteed 582 1,407 4,251 4,284 3,919 3,761 2,936 4,573 Bonds 0 1,054 1,620 1,540 1,363 1,230 957 1,621 Commercial banks and other 582 353 2,631 2,744 2,556 2,531 1,979 2,952 Memo: IBRD 751 961 890 734 605 511 437 461 IDA 0 0 0 0 0 0 0 0 262 MEXICO (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 6. CURRENCY COMPOSITION OF PUBLIC AND PUBLICLY GUARANTEED DEBT (PERCENT) Euro .. .. .. 0.9 0.3 1.3 1.1 1.3 Japanese yen 6.3 8.3 7.6 3.8 3.7 2.6 1.8 1.0 Pound sterling 1.4 0.7 0.2 0.2 0.2 0.2 0.1 0.1 Swiss franc 0.6 0.4 0.0 0.2 0.2 0.2 0.2 0.2 U.S.dollars 64.3 65.2 85.0 92.1 93.6 94.2 95.7 96.9 7. DEBT RESTRUCTURINGS Total amount rescheduled 36,950 0 0 23 20 0 0 0 Debt stock rescheduled 36,100 0 0 0 0 0 0 0 Principal rescheduled 570 0 0 0 0 0 0 0 Official 382 0 0 0 0 0 0 0 Private 188 0 0 0 0 0 0 0 Interest rescheduled 204 0 0 0 0 0 0 0 Official 132 0 0 0 0 0 0 0 Private 72 0 0 0 0 0 0 0 Debt forgiven 0 0 0 0 0 0 0 0 Memo: interest forgiven 0 0 0 0 0 0 0 0 Debt stock reduction 8,145 306 7,122 849 0 0 0 0 of which debt buyback 0 13 6,644 849 0 0 0 0 8. DEBT STOCK-FLOW RECONCILIATION Total change in debt stocks 10,601 26,833 -15,837 611 6,310 315 -3,220 -7,242 Net flows on debt 17,637 25,635 -15,557 -5,618 3,775 390 -3,410 -11,798 Cross-currency valuation 3,254 513 -2,376 981 977 467 -484 391 9. AVERAGE TERMS OF NEW COMMITMENTS ALL CREDITORS Interest (%) 8.6 8.0 7.7 6.2 5.3 5.5 6.0 5.4 Maturity (years) 13.4 7.1 11.0 17.5 14.4 15.6 17.2 12.4 Grace period (years) 5.4 2.7 7.9 9.8 10.0 9.9 6.5 6.8 Grant element (%) 7.3 6.6 10.6 21.7 22.0 24.4 23.0 22.6 Official creditors Interest (%) 7.8 9.1 5.4 4.3 2.2 2.1 4.0 4.7 Maturity (years) 15.6 9.3 14.8 18.6 13.6 12.2 20.7 14.7 Grace period (years) 4.5 2.9 4.8 4.4 7.1 3.7 4.7 5.0 Grant element (%) 12.3 5.5 27.0 33.6 45.5 38.8 39.0 30.0 Private creditors Interest (%) 9.4 6.2 8.4 6.8 5.5 5.9 6.5 5.5 Maturity (years) 11.5 3.6 9.7 17.1 14.4 16.0 16.1 12.2 Grace period (years) 6.1 2.5 8.8 11.5 10.2 10.6 7.0 7.0 Grant element (%) 2.9 8.4 5.3 17.8 21.0 22.8 18.4 21.8 10. CONTRACTUAL OBLIGATIONS ON OUTSTANDING LONG-TERM DEBT 2007 2008 2009 2010 2011 2012 2013 2014 TOTAL Principal 18,560 14,630 17,655 15,718 15,990 7,865 10,154 7,610 Interest 8,882 7,533 7,129 6,095 4,980 4,438 3,964 3,345 Official creditors Principal 1,162 998 1,415 951 1,581 1,052 925 853 Interest 573 559 538 479 419 351 299 254 Bilateral creditors Principal 392 356 279 220 216 210 158 146 Interest 95 85 73 61 50 39 30 23 Multilateral creditors Principal 769 642 1,136 731 1,365 842 767 707 Interest 477 474 465 418 368 311 269 231 Private creditors Principal 17,399 13,632 16,240 14,766 14,409 6,813 9,229 6,757 Interest 8,310 6,974 6,591 5,616 4,561 4,087 3,665 3,092 Notes: Short-term debt for 2006 is based on reports provided by the country. The increase in 1995 in long-term debt includes the stock transfer of the "Tesobonos." Stocks and flows were revised beginning 2000 to reflect the full coverage of PIDIREGAS debt as opposed to partial coverage as it was the case in previous publications. 263 MOLDOVA (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 1. SUMMARY DEBT DATA TOTAL DEBT STOCKS (EDT) .. 695 1,693 1,805 1,941 1,946 2,053 2,416 Long-term debt (LDOD) .. 459 1,050 1,164 1,258 1,227 1,240 1,453 Public and publicly guaranteed .. 450 853 826 848 754 700 735 Private nonguaranteed .. 9 197 338 410 473 540 718 Use of IMF credit .. 230 154 152 143 126 95 141 Short-term debt .. 6 489 489 541 592 718 822 of which interest arrears on LDOD .. 5 22 37 46 34 56 15 Official creditors .. 5 13 7 11 11 26 0 Private creditors .. 0 9 30 35 23 29 15 Memorandum items Principal arrears on LDOD .. 42 33 44 75 54 78 72 Official creditors .. 42 18 18 27 17 27 0 Private creditors .. 0 15 26 49 37 51 72 TOTAL DEBT FLOWS Disbursements .. 230 176 139 95 223 237 414 Long-term debt .. 166 164 127 95 223 237 350 IMF purchases .. 64 12 12 0 0 0 64 Principal repayments .. 41 82 185 110 231 184 259 Long-term debt .. 41 58 167 88 209 163 235 IMF repurchases .. 0 25 18 22 22 22 24 Net flows on debt .. 189 560 -17 28 55 157 300 of which short-term debt .. 0 465 29 43 63 104 145 Interest payments (INT) .. 29 68 59 49 74 66 76 Long-term debt .. 19 47 42 32 56 42 38 IMF charges .. 10 8 4 2 3 3 3 Short-term debt .. 0 14 13 15 15 21 35 Net transfers on debt .. 159 491 -76 -21 -19 91 224 Total debt service paid (TDS) .. 71 150 244 159 305 250 335 Long-term debt .. 61 104 209 120 265 205 273 IMF repurchases and charges .. 10 33 21 24 24 24 27 Short-term debt (interest only) .. 0 14 13 15 15 21 35 2. OTHER NET RESOURCE FLOWS (LONG-TERM) Net flow of long-term debt (ex. IMF) .. 124 107 -40 8 14 74 115 Foreign direct investment (net) .. 26 128 84 74 88 197 242 Portfolio equity flows .. -1 3 2 1 -1 1 2 Grants (excluding technical coop.) .. 0 37 32 44 41 106 79 of which: Debt forgiveness grants .. .. 0 0 0 0 0 0 IDA grants .. .. .. 0 0 0 1 4 Memo: technical coop. grants .. 0 44 76 54 58 59 57 Interest on long-term debt .. 19 47 42 32 56 42 38 Profit remittances on FDI .. 0 3 -14 25 50 45 109 3. MAJOR ECONOMIC AGGREGATES Gross national income (GNI) .. 1,724 1,310 1,772 2,215 2,935 3,347 3,757 Exports of goods, serv. & inc. (XGS) .. 899 833 1,207 1,548 2,038 2,438 2,750 Worker remit. & comp. of employees .. 1 179 324 487 705 920 1,182 Imports of goods & services (MGS) .. 1,038 1,089 1,367 1,832 2,234 2,845 3,334 International reserves (RES) .. 257 222 269 302 470 597 775 Current account balance .. -85 -98 -20 -130 -46 -226 -387 4. DEBT INDICATORS EDT / XGS (%) .. 77.3 203.2 149.5 125.4 95.5 84.2 87.8 EDT / GNI (%) .. 40.3 129.2 101.9 87.7 66.3 61.3 64.3 TDS / XGS (%) .. 7.9 18.1 20.2 10.3 15.0 10.3 12.2 INT / XGS (%) .. 3.3 8.2 4.9 3.2 3.6 2.7 2.8 INT / GNI (%) .. 1.7 5.2 3.3 2.2 2.5 2.0 2.0 RES / EDT (%) .. 37.0 13.1 14.9 15.6 24.2 29.1 32.1 RES / MGS (months) .. 3.0 2.5 2.4 2.0 2.5 2.5 2.8 Short-term / EDT (%) .. 0.9 28.9 27.1 27.9 30.4 35.0 34.0 Concessional / EDT (%) .. 14.6 12.2 14.6 15.8 18.0 17.1 16.1 Multilateral / EDT (%) .. 31.1 24.0 23.7 23.1 23.1 20.0 17.8 264 MOLDOVA (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 5. LONG-TERM DEBT DEBT OUTSTANDING (LDOD) .. 459 1,050 1,164 1,258 1,227 1,240 1,453 Public and publicly guaranteed .. 450 853 826 848 754 700 735 Official creditors .. 430 746 767 794 712 666 710 Multilateral .. 216 406 428 448 449 411 430 Concessional .. 0 104 147 180 209 218 254 Bilateral .. 214 340 339 346 263 255 280 Concessional .. 101 102 116 126 141 133 135 Private creditors .. 19 107 59 54 42 34 25 of which: Bonds .. 0 75 36 34 32 25 19 Commercial banks .. 4 12 7 9 10 7 6 Private nonguaranteed .. 9 197 338 410 473 540 718 Bonds .. 0 0 0 0 0 0 0 Commercial banks and other .. 9 197 338 410 473 540 718 Memo: IBRD .. 152 191 186 190 185 161 151 IDA .. 0 103 145 175 201 209 242 Public sector LDOD .. 450 842 822 847 754 700 735 Private sector LDOD .. 9 208 342 411 473 540 718 DISBURSEMENTS .. 166 164 127 95 223 237 350 Public and publicly guaranteed .. 159 54 36 24 24 26 30 Official creditors .. 139 52 36 24 24 26 30 Multilateral .. 81 50 35 22 21 25 28 Concessional .. 0 30 24 18 19 25 25 Bilateral .. 58 1 1 2 2 1 3 Concessional .. 58 0 1 2 2 1 3 Private creditors .. 19 2 0 0 0 0 0 of which: Bonds .. 0 0 0 0 0 0 0 Commercial banks .. 4 0 0 0 0 0 0 Private nonguaranteed .. 7 110 91 71 199 211 320 Bonds .. 0 0 0 0 0 0 0 Commercial banks and other .. 7 110 91 71 199 211 320 Memo: IBRD .. 50 6 4 2 2 0 0 IDA .. 0 30 22 16 17 24 23 PRINCIPAL REPAYMENTS .. 41 58 167 88 209 163 235 Public and publicly guaranteed .. 39 30 85 47 79 43 53 Official creditors .. 39 27 41 41 74 36 45 Multilateral .. 35 22 32 36 36 36 23 Concessional .. 0 0 0 0 0 0 0 Bilateral .. 4 5 9 4 38 0 22 Concessional .. 0 5 5 2 0 0 5 Private creditors .. 0 3 44 6 6 7 8 of which: Bonds .. 0 0 44 2 2 6 6 Commercial banks .. 0 0 0 1 0 1 1 Private nonguaranteed .. 2 28 82 41 130 120 181 Bonds .. 0 0 0 0 0 0 0 Commercial banks and other .. 2 28 82 41 130 120 181 Memo: IBRD .. 0 5 9 11 13 13 14 IDA .. 0 0 0 0 0 0 0 INTEREST PAYMENTS (LINT) .. 19 47 42 32 56 42 38 Public and publicly guaranteed .. 19 40 26 20 32 22 17 Official creditors .. 19 28 23 17 28 20 15 Multilateral .. 11 18 13 11 10 10 11 Concessional .. 0 1 1 1 2 2 2 Bilateral .. 8 10 10 5 18 10 3 Concessional .. 2 3 3 2 3 3 1 Private creditors .. 0 11 3 3 4 2 3 of which: Bonds .. 0 7 2 2 2 2 2 Commercial banks .. 0 0 0 0 0 0 0 Private nonguaranteed .. 0 7 16 12 24 20 21 Bonds .. 0 0 0 0 0 0 0 Commercial banks and other .. 0 7 16 12 24 20 21 Memo: IBRD .. 8 11 8 7 6 6 7 IDA .. 0 1 1 1 2 2 2 265 MOLDOVA (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 6. CURRENCY COMPOSITION OF PUBLIC AND PUBLICLY GUARANTEED DEBT (PERCENT) Euro .. .. .. 10.6 10.3 10.3 7.9 8.3 Japanese yen .. 8.4 3.4 2.9 3.0 3.5 3.3 3.0 Pound sterling .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Swiss franc .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 U.S.dollars .. 22.8 66.9 68.3 68.5 66.0 68.7 68.9 7. DEBT RESTRUCTURINGS Total amount rescheduled .. 0 246 68 3 18 0 88 Debt stock rescheduled .. 0 19 9 0 3 0 0 Principal rescheduled .. 0 94 12 3 14 0 48 Official .. 0 76 1 0 14 0 47 Private .. 0 18 11 3 0 0 1 Interest rescheduled .. 0 6 2 0 0 0 36 Official .. 0 5 1 0 0 0 35 Private .. 0 0 1 0 0 0 1 Debt forgiven .. 0 0 0 0 0 0 0 Memo: interest forgiven .. 0 0 0 0 0 0 0 Debt stock reduction .. 0 0 0 0 59 0 0 of which debt buyback .. 0 0 0 0 0 0 0 8. DEBT STOCK-FLOW RECONCILIATION Total change in debt stocks .. 193 671 164 137 4 107 363 Net flows on debt .. 189 560 -17 28 55 157 300 Cross-currency valuation .. -9 -32 48 60 27 -47 25 9. AVERAGE TERMS OF NEW COMMITMENTS ALL CREDITORS Interest (%) .. 6.9 1.1 0.8 0.8 0.8 1.5 0.8 Maturity (years) .. 9.8 35.4 39.9 39.9 38.1 28.9 39.4 Grace period (years) .. 3.0 9.4 10.4 10.4 9.8 7.4 10.1 Grant element (%) .. 13.1 74.8 80.8 80.8 78.5 60.7 80.3 Official creditors Interest (%) .. 6.9 0.4 0.8 0.8 0.8 1.5 0.8 Maturity (years) .. 10.6 39.7 39.9 39.9 38.1 28.9 39.4 Grace period (years) .. 3.3 10.2 10.4 10.4 9.8 7.4 10.1 Grant element (%) .. 14.0 83.4 80.8 80.8 78.5 60.7 80.3 Private creditors Interest (%) .. 7.0 5.9 0.0 0.0 0.0 0.0 0.0 Maturity (years) .. 6.0 3.2 0.0 0.0 0.0 0.0 0.0 Grace period (years) .. 1.5 3.2 0.0 0.0 0.0 0.0 0.0 Grant element (%) .. 8.1 10.4 0.0 0.0 0.0 0.0 0.0 10. CONTRACTUAL OBLIGATIONS ON OUTSTANDING LONG-TERM DEBT 2007 2008 2009 2010 2011 2012 2013 2014 TOTAL Principal 197 188 192 178 80 62 76 66 Interest 50 42 36 31 20 14 17 16 Official creditors Principal 55 56 49 47 45 45 50 45 Interest 26 24 19 17 14 12 13 11 Bilateral creditors Principal 29 29 21 20 21 22 27 25 Interest 14 13 10 9 7 6 9 7 Multilateral creditors Principal 26 27 28 27 23 23 23 20 Interest 12 11 9 8 7 6 5 4 Private creditors Principal 142 132 143 130 35 17 26 22 Interest 24 18 17 14 6 2 4 5 Notes: Short-term debt data are based on government statistics and World Bank staff estimates. 266 MONGOLIA (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 1. SUMMARY DEBT DATA TOTAL DEBT STOCKS (EDT) .. 531 896 1,036 1,472 1,518 1,327 1,444 Long-term debt (LDOD) .. 472 833 949 1,137 1,307 1,267 1,363 Public and publicly guaranteed .. 472 833 949 1,137 1,307 1,267 1,361 Private nonguaranteed .. 0 0 0 0 0 0 3 Use of IMF credit .. 47 50 43 50 44 35 31 Short-term debt .. 12 13 44 285 167 25 50 of which interest arrears on LDOD .. 0 2 3 3 0 0 0 Official creditors .. 0 2 3 3 0 0 0 Private creditors .. 0 0 0 0 0 0 0 Memorandum items Principal arrears on LDOD .. 4 17 15 15 27 21 25 Official creditors .. 1 17 15 15 27 21 25 Private creditors .. 3 0 0 0 0 0 0 TOTAL DEBT FLOWS Disbursements .. 101 83 82 122 128 91 92 Long-term debt .. 101 75 82 111 128 91 92 IMF purchases .. 0 8 0 11 0 0 0 Principal repayments .. 42 28 40 274 20 23 31 Long-term debt .. 32 22 32 265 13 17 25 IMF repurchases .. 9 6 8 9 7 6 6 Net flows on debt .. 67 45 72 89 -7 -73 86 of which short-term debt .. 8 -9 30 241 -115 -142 25 Interest payments (INT) .. 10 10 12 14 21 20 17 Long-term debt .. 9 9 12 12 14 15 15 IMF charges .. 1 0 0 0 0 0 0 Short-term debt .. 0 1 0 2 7 5 2 Net transfers on debt .. 57 35 60 75 -28 -94 68 Total debt service paid (TDS) .. 52 39 52 288 41 43 48 Long-term debt .. 41 31 44 277 27 32 40 IMF repurchases and charges .. 11 7 8 9 7 6 6 Short-term debt (interest only) .. 0 1 0 2 7 5 2 2. OTHER NET RESOURCE FLOWS (LONG-TERM) Net flow of long-term debt (ex. IMF) .. 68 53 50 -154 115 74 67 Foreign direct investment (net) .. 10 54 78 132 93 185 344 Portfolio equity flows .. 0 0 0 0 0 0 0 Grants (excluding technical coop.) .. 74 82 68 68 73 64 79 of which: Debt forgiveness grants .. .. 0 0 0 0 0 14 IDA grants .. .. .. 0 0 0 0 1 Memo: technical coop. grants .. 56 61 69 77 74 87 81 Interest on long-term debt .. 9 9 12 12 14 15 15 Profit remittances on FDI .. 18 9 5 5 10 41 145 3. MAJOR ECONOMIC AGGREGATES Gross national income (GNI) .. 1,201 1,084 1,268 1,437 1,805 2,255 3,046 Exports of goods, serv. & inc. (XGS) .. 511 639 778 978 1,422 1,671 2,228 Worker remit. & comp. of employees .. 0 12 56 129 202 180 181 Imports of goods & services (MGS) .. 550 791 965 1,109 1,432 1,635 2,042 International reserves (RES) .. 158 202 398 243 250 430 1,062 Current account balance .. 39 -70 -105 -99 63 84 222 4. DEBT INDICATORS EDT / XGS (%) .. 103.8 140.4 133.1 150.6 106.7 79.4 64.8 EDT / GNI (%) .. 44.2 82.7 81.7 102.5 84.1 58.8 47.4 TDS / XGS (%) .. 10.2 6.1 6.7 29.5 2.9 2.6 2.2 INT / XGS (%) .. 2.0 1.6 1.6 1.5 1.5 1.2 0.8 INT / GNI (%) .. 0.8 1.0 1.0 1.0 1.2 0.9 0.6 RES / EDT (%) .. 29.7 22.5 38.5 16.5 16.5 32.4 73.6 RES / MGS (months) .. 3.4 3.1 5.0 2.6 2.1 3.2 6.2 Short-term / EDT (%) .. 2.2 1.4 4.3 19.4 11.0 1.9 3.5 Concessional / EDT (%) .. 68.3 91.2 90.3 76.3 85.2 94.5 93.3 Multilateral / EDT (%) .. 32.0 51.5 54.8 46.7 53.3 59.3 59.1 267 MONGOLIA (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 5. LONG-TERM DEBT DEBT OUTSTANDING (LDOD) .. 472 833 949 1,137 1,307 1,267 1,363 Public and publicly guaranteed .. 472 833 949 1,137 1,307 1,267 1,361 Official creditors .. 404 831 948 1,137 1,306 1,266 1,348 Multilateral .. 170 462 567 688 810 787 854 Concessional .. 170 462 567 688 810 787 854 Bilateral .. 234 369 381 449 497 479 494 Concessional .. 193 356 368 436 484 466 494 Private creditors .. 68 3 1 1 0 0 13 of which: Bonds .. 0 0 0 0 0 0 0 Commercial banks .. 15 1 1 1 0 0 0 Private nonguaranteed .. 0 0 0 0 0 0 3 Bonds .. 0 0 0 0 0 0 0 Commercial banks and other .. 0 0 0 0 0 0 3 Memo: IBRD .. 0 0 0 0 0 0 0 IDA .. 59 137 181 227 287 277 301 Public sector LDOD .. 451 832 949 1,137 1,307 1,267 1,361 Private sector LDOD .. 22 1 0 0 0 0 3 DISBURSEMENTS .. 101 75 82 111 128 91 92 Public and publicly guaranteed .. 101 75 82 111 128 91 89 Official creditors .. 95 75 82 111 128 91 71 Multilateral .. 58 47 42 72 93 48 49 Concessional .. 58 47 42 72 93 48 49 Bilateral .. 37 28 40 39 36 43 22 Concessional .. 33 28 40 39 36 43 22 Private creditors .. 6 0 0 0 0 0 18 of which: Bonds .. 0 0 0 0 0 0 0 Commercial banks .. 0 0 0 0 0 0 0 Private nonguaranteed .. 0 0 0 0 0 0 2 Bonds .. 0 0 0 0 0 0 0 Commercial banks and other .. 0 0 0 0 0 0 2 Memo: IBRD .. 0 0 0 0 0 0 0 IDA .. 8 14 14 29 49 14 13 PRINCIPAL REPAYMENTS .. 32 22 32 265 13 17 25 Public and publicly guaranteed .. 32 22 32 265 13 17 25 Official creditors .. 13 19 32 265 13 17 20 Multilateral .. 0 0 1 2 4 6 8 Concessional .. 0 0 1 2 4 6 8 Bilateral .. 13 19 31 264 9 11 12 Concessional .. 0 16 31 264 9 11 12 Private creditors .. 19 3 0 0 0 0 5 of which: Bonds .. 0 0 0 0 0 0 0 Commercial banks .. 5 0 0 0 0 0 0 Private nonguaranteed .. 0 0 0 0 0 0 0 Bonds .. 0 0 0 0 0 0 0 Commercial banks and other .. 0 0 0 0 0 0 0 Memo: IBRD .. 0 0 0 0 0 0 0 IDA .. 0 0 1 1 1 2 2 INTEREST PAYMENTS (LINT) .. 9 9 12 12 14 15 15 Public and publicly guaranteed .. 9 9 12 12 14 15 15 Official creditors .. 5 9 12 12 14 15 15 Multilateral .. 1 4 5 6 7 7 8 Concessional .. 1 4 5 6 7 7 8 Bilateral .. 4 5 7 6 7 8 7 Concessional .. 2 5 7 6 7 8 7 Private creditors .. 4 0 0 0 0 0 0 of which: Bonds .. 0 0 0 0 0 0 0 Commercial banks .. 1 0 0 0 0 0 0 Private nonguaranteed .. 0 0 0 0 0 0 0 Bonds .. 0 0 0 0 0 0 0 Commercial banks and other .. 0 0 0 0 0 0 0 Memo: IBRD .. 0 0 0 0 0 0 0 IDA .. 0 1 1 1 2 2 2 268 MONGOLIA (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 6. CURRENCY COMPOSITION OF PUBLIC AND PUBLICLY GUARANTEED DEBT (PERCENT) Euro .. .. .. 6.5 7.9 8.0 7.6 8.4 Japanese yen .. 26.5 25.0 23.6 23.2 22.4 21.4 19.6 Pound sterling .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Swiss franc .. 2.3 0.7 0.8 0.7 0.7 0.6 0.6 U.S.dollars .. 38.1 35.8 38.3 39.9 42.9 44.5 45.2 7. DEBT RESTRUCTURINGS Total amount rescheduled .. 0 0 0 0 0 0 3 Debt stock rescheduled .. 0 0 0 0 0 0 0 Principal rescheduled .. 0 0 0 0 0 0 0 Official .. 0 0 0 0 0 0 0 Private .. 0 0 0 0 0 0 0 Interest rescheduled .. 0 0 0 0 0 0 0 Official .. 0 0 0 0 0 0 0 Private .. 0 0 0 0 0 0 0 Debt forgiven .. 0 0 0 0 0 0 13 Memo: interest forgiven .. 0 0 0 0 0 0 4 Debt stock reduction .. 0 0 0 0 0 0 0 of which debt buyback .. 0 0 0 0 0 0 0 8. DEBT STOCK-FLOW RECONCILIATION Total change in debt stocks .. 66 -18 151 436 46 -191 118 Net flows on debt .. 67 45 72 89 -7 -73 86 Cross-currency valuation .. 0 -60 75 103 51 -117 37 9. AVERAGE TERMS OF NEW COMMITMENTS ALL CREDITORS Interest (%) .. 2.2 1.2 1.2 1.2 0.8 1.1 1.0 Maturity (years) .. 35.3 31.9 33.5 22.3 39.9 31.7 32.5 Grace period (years) .. 10.1 9.3 8.5 6.0 10.0 7.7 8.5 Grant element (%) .. 65.4 72.6 71.8 57.7 80.5 70.0 72.5 Official creditors Interest (%) .. 2.2 1.2 1.2 1.2 0.8 1.1 1.0 Maturity (years) .. 35.3 31.9 33.5 30.2 39.9 31.7 32.5 Grace period (years) .. 10.1 9.3 8.5 8.4 10.0 7.7 8.5 Grant element (%) .. 65.4 72.6 71.8 70.2 80.5 70.0 72.5 Private creditors Interest (%) .. 0.0 0.0 0.0 1.2 0.0 0.0 0.0 Maturity (years) .. 0.0 0.0 0.0 10.4 0.0 0.0 0.0 Grace period (years) .. 0.0 0.0 0.0 2.4 0.0 0.0 0.0 Grant element (%) .. 0.0 0.0 0.0 38.8 0.0 0.0 0.0 10. CONTRACTUAL OBLIGATIONS ON OUTSTANDING LONG-TERM DEBT 2007 2008 2009 2010 2011 2012 2013 2014 TOTAL Principal 37 44 48 51 58 62 64 63 Interest 19 20 20 20 19 19 18 17 Official creditors Principal 34 41 44 47 55 59 61 63 Interest 19 19 20 20 19 19 18 17 Bilateral creditors Principal 20 22 23 23 28 29 28 28 Interest 6 6 6 6 6 6 5 5 Multilateral creditors Principal 13 18 21 23 26 30 33 35 Interest 13 13 13 13 13 13 13 12 Private creditors Principal 3 4 4 4 3 3 3 0 Interest 0 0 0 0 0 0 0 0 Notes: Country data have been revised from 1999­2001. Rescheduling: Mongolia reached an agreement with Russia on December 30, 2003 to settle its Transferable Rubles (TR) debt valued at US$11.4 billion. The agreement consists of 97.8 percent up-front debt forgiveness, with a US$250 million residual cash settlement, much of which was borrowed either domestically or externally, and part of it was financed from the country's international reserves. 269 MONTENEGRO (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 1. SUMMARY DEBT DATA TOTAL DEBT STOCKS (EDT) .. .. .. .. .. .. .. 924.0 Long-term debt (LDOD) .. .. .. .. .. .. .. 924.0 Public and publicly guaranteed .. .. .. .. .. .. .. 911.6 Private nonguaranteed .. .. .. .. .. .. .. 12.4 Use of IMF credit .. .. .. .. .. .. .. 0.0 Short-term debt .. .. .. .. .. .. .. 0.0 of which interest arrears on LDOD .. .. .. .. .. .. .. 0.0 Official creditors .. .. .. .. .. .. .. 0.0 Private creditors .. .. .. .. .. .. .. 0.0 Memorandum items Principal arrears on LDOD .. .. .. .. .. .. .. 0.0 Official creditors .. .. .. .. .. .. .. 0.0 Private creditors .. .. .. .. .. .. .. 0.0 TOTAL DEBT FLOWS Disbursements .. .. .. .. .. .. .. 67.2 Long-term debt .. .. .. .. .. .. .. 67.2 IMF purchases .. .. .. .. .. .. .. 0.0 Principal repayments .. .. .. .. .. .. .. 2.0 Long-term debt .. .. .. .. .. .. .. 2.0 IMF repurchases .. .. .. .. .. .. .. 0.0 Net flows on debt .. .. .. .. .. .. .. 65.2 of which short-term debt .. .. .. .. .. .. .. 0.0 Interest payments (INT) .. .. .. .. .. .. .. 11.2 Long-term debt .. .. .. .. .. .. .. 11.2 IMF charges .. .. .. .. .. .. .. 0.0 Short-term debt .. .. .. .. .. .. .. 0.0 Net transfers on debt .. .. .. .. .. .. .. 53.9 Total debt service paid (TDS) .. .. .. .. .. .. .. 13.3 Long-term debt .. .. .. .. .. .. .. 13.3 IMF repurchases and charges .. .. .. .. .. .. .. 0.0 Short-term debt (interest only) .. .. .. .. .. .. .. 0.0 2. OTHER NET RESOURCE FLOWS (LONG-TERM) Net flow of long-term debt (ex. IMF) .. .. .. .. .. .. .. 65.2 Foreign direct investment (net) .. .. .. .. .. .. .. 0.0 Portfolio equity flows .. .. .. .. .. .. .. 0.0 Grants (excluding technical coop.) .. .. .. .. .. .. .. 46.2 of which: Debt forgiveness grants .. .. .. .. .. .. .. 18.6 IDA grants .. .. .. .. .. .. .. 0.0 Memo: technical coop. grants .. .. .. .. .. .. .. 32.3 Interest on long-term debt .. .. .. .. .. .. .. 11.2 Profit remittances on FDI .. .. .. .. .. .. .. 0.0 3. MAJOR ECONOMIC AGGREGATES Gross national income (GNI) .. .. .. .. .. .. .. 2461.6 Exports of goods, serv. & inc. (XGS) .. .. .. .. .. .. .. .. Worker remit. & comp. of employees .. .. .. .. .. .. .. 0.0 Imports of goods & services (MGS) .. .. .. .. .. .. .. .. International reserves (RES) .. .. .. .. .. .. .. 457.1 Current account balance .. .. .. .. .. .. .. .. 4. DEBT INDICATORS EDT / XGS (%) .. .. .. .. .. .. .. .. EDT / GNI (%) .. .. .. .. .. .. .. 37.5 TDS / XGS (%) .. .. .. .. .. .. .. .. INT / XGS (%) .. .. .. .. .. .. .. .. INT / GNI (%) .. .. .. .. .. .. .. 0.5 RES / EDT (%) .. .. .. .. .. .. .. 49.5 RES / MGS (months) .. .. .. .. .. .. .. .. Short-term / EDT (%) .. .. .. .. .. .. .. 0.0 Concessional / EDT (%) .. .. .. .. .. .. .. 82.8 Multilateral / EDT (%) .. .. .. .. .. .. .. 12.8 270 MONTENEGRO (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 5. LONG-TERM DEBT DEBT OUTSTANDING (LDOD) .. .. .. .. .. .. .. 924.0 Public and publicly guaranteed .. .. .. .. .. .. .. 911.6 Official creditors .. .. .. .. .. .. .. 892.8 Multilateral .. .. .. .. .. .. .. 118.1 Concessional .. .. .. .. .. .. .. 7.2 Bilateral .. .. .. .. .. .. .. 774.7 Concessional .. .. .. .. .. .. .. 757.8 Private creditors .. .. .. .. .. .. .. 18.8 of which: Bonds .. .. .. .. .. .. .. 0.0 Commercial banks .. .. .. .. .. .. .. 18.8 Private nonguaranteed .. .. .. .. .. .. .. 12.4 Bonds .. .. .. .. .. .. .. 0.0 Commercial banks and other .. .. .. .. .. .. .. 12.4 Memo: IBRD .. .. .. .. .. .. .. 0.0 IDA .. .. .. .. .. .. .. 0.0 Public sector LDOD .. .. .. .. .. .. .. 911.6 Private sector LDOD .. .. .. .. .. .. .. 12.4 DISBURSEMENTS .. .. .. .. .. .. .. 67.2 Public and publicly guaranteed .. .. .. .. .. .. .. 64.9 Official creditors .. .. .. .. .. .. .. 61.7 Multilateral .. .. .. .. .. .. .. 20.6 Concessional .. .. .. .. .. .. .. 0.0 Bilateral .. .. .. .. .. .. .. 41.1 Concessional .. .. .. .. .. .. .. 32.7 Private creditors .. .. .. .. .. .. .. 3.3 of which: Bonds .. .. .. .. .. .. .. 0.0 Commercial banks .. .. .. .. .. .. .. 3.3 Private nonguaranteed .. .. .. .. .. .. .. 2.3 Bonds .. .. .. .. .. .. .. 0.0 Commercial banks and other .. .. .. .. .. .. .. 2.3 Memo: IBRD .. .. .. .. .. .. .. 0.0 IDA .. .. .. .. .. .. .. 0.0 PRINCIPAL REPAYMENTS .. .. .. .. .. .. .. 2.0 Public and publicly guaranteed .. .. .. .. .. .. .. 1.7 Official creditors .. .. .. .. .. .. .. 1.3 Multilateral .. .. .. .. .. .. .. 0.5 Concessional .. .. .. .. .. .. .. 0.0 Bilateral .. .. .. .. .. .. .. 0.8 Concessional .. .. .. .. .. .. .. 0.0 Private creditors .. .. .. .. .. .. .. 0.4 of which: Bonds .. .. .. .. .. .. .. 0.0 Commercial banks .. .. .. .. .. .. .. 0.4 Private nonguaranteed .. .. .. .. .. .. .. 0.3 Bonds .. .. .. .. .. .. .. 0.0 Commercial banks and other .. .. .. .. .. .. .. 0.3 Memo: IBRD .. .. .. .. .. .. .. 0.0 IDA .. .. .. .. .. .. .. 0.0 INTEREST PAYMENTS (LINT) .. .. .. .. .. .. .. 11.2 Public and publicly guaranteed .. .. .. .. .. .. .. 11.0 Official creditors .. .. .. .. .. .. .. 9.9 Multilateral .. .. .. .. .. .. .. 3.9 Concessional .. .. .. .. .. .. .. 0.3 Bilateral .. .. .. .. .. .. .. 6.0 Concessional .. .. .. .. .. .. .. 4.9 Private creditors .. .. .. .. .. .. .. 1.0 of which: Bonds .. .. .. .. .. .. .. 0.0 Commercial banks .. .. .. .. .. .. .. 1.0 Private nonguaranteed .. .. .. .. .. .. .. 0.3 Bonds .. .. .. .. .. .. .. 0.0 Commercial banks and other .. .. .. .. .. .. .. 0.3 Memo: IBRD .. .. .. .. .. .. .. 0.0 IDA .. .. .. .. .. .. .. 0.0 271 MONTENEGRO (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 6. CURRENCY COMPOSITION OF PUBLIC AND PUBLICLY GUARANTEED DEBT (PERCENT) Euro .. .. .. .. .. .. .. 33.4 Japanese yen .. .. .. .. .. .. .. 60.3 Pound sterling .. .. .. .. .. .. .. 0.1 Swiss franc .. .. .. .. .. .. .. 0.3 U.S.dollars .. .. .. .. .. .. .. 5.8 7. DEBT RESTRUCTURINGS Total amount rescheduled .. .. .. .. .. .. .. 8.3 Debt stock rescheduled .. .. .. .. .. .. .. 0.0 Principal rescheduled .. .. .. .. .. .. .. 0.0 Official .. .. .. .. .. .. .. 0.0 Private .. .. .. .. .. .. .. 0.0 Interest rescheduled .. .. .. .. .. .. .. 0.0 Official .. .. .. .. .. .. .. 0.0 Private .. .. .. .. .. .. .. 0.0 Debt forgiven .. .. .. .. .. .. .. 0.0 Memo: interest forgiven .. .. .. .. .. .. .. 0.0 Debt stock reduction .. .. .. .. .. .. .. 0.0 of which debt buyback .. .. .. .. .. .. .. 0.0 8. DEBT STOCK-FLOW RECONCILIATION Total change in debt stocks .. .. .. .. .. .. .. 924.0 Net flows on debt .. .. .. .. .. .. .. 65.2 Cross-currency valuation .. .. .. .. .. .. .. 0.0 9. AVERAGE TERMS OF NEW COMMITMENTS ALL CREDITORS Interest (%) .. .. .. .. .. .. .. 1.5 Maturity (years) .. .. .. .. .. .. .. 16.9 Grace period (years) .. .. .. .. .. .. .. 3.6 Grant element (%) .. .. .. .. .. .. .. 49.2 Official creditors Interest (%) .. .. .. .. .. .. .. 1.4 Maturity (years) .. .. .. .. .. .. .. 17.1 Grace period (years) .. .. .. .. .. .. .. 3.6 Grant element (%) .. .. .. .. .. .. .. 50.3 Private creditors Interest (%) .. .. .. .. .. .. .. 4.7 Maturity (years) .. .. .. .. .. .. .. 11.5 Grace period (years) .. .. .. .. .. .. .. 3.0 Grant element (%) .. .. .. .. .. .. .. 25.3 10. CONTRACTUAL OBLIGATIONS ON OUTSTANDING LONG-TERM DEBT 2007 2008 2009 2010 2011 2012 2013 2014 TOTAL Principal 9.4 33.5 56.3 59.1 57.4 58.8 57.9 59.5 Interest 33.7 33.7 32.4 30.6 28.3 26.3 24.3 22.2 Official creditors Principal 6.6 28.6 52.3 54.9 56.1 57.6 56.6 58.2 Interest 32.1 32.1 31.0 29.2 27.4 25.5 23.6 21.6 Bilateral creditors Principal 3.7 24.8 46.9 48.5 48.4 49.1 48.0 48.0 Interest 26.0 25.9 24.7 23.2 21.6 20.1 18.5 17.0 Multilateral creditors Principal 2.9 3.8 5.4 6.4 7.7 8.4 8.6 10.2 Interest 6.0 6.3 6.2 6.1 5.8 5.4 5.0 4.6 Private creditors Principal 2.8 4.9 4.0 4.2 1.3 1.3 1.3 1.3 Interest 1.7 1.6 1.5 1.4 0.8 0.8 0.7 0.6 Notes: Debt incurred by Montenegro prior to 2006 is included in the country page for Serbia. 272 MOROCCO (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 1. SUMMARY DEBT DATA TOTAL DEBT STOCKS (EDT) 25,004 23,771 20,713 18,399 18,701 17,420 16,657 18,493 Long-term debt (LDOD) 23,847 23,521 19,140 16,696 17,448 17,241 15,975 16,696 Public and publicly guaranteed 23,647 23,190 17,278 14,784 14,956 14,643 12,925 14,108 Private nonguaranteed 200 331 1,862 1,912 2,493 2,598 3,051 2,588 Use of IMF credit 750 52 0 0 0 0 0 0 Short-term debt 407 198 1,573 1,703 1,253 179 682 1,797 of which interest arrears on LDOD 182 92 122 122 11 11 0 0 Official creditors 182 92 122 121 11 11 0 0 Private creditors 0 0 1 0 0 0 0 0 Memorandum items Principal arrears on LDOD 738 138 535 533 8 12 0 7 Official creditors 738 136 531 531 8 12 0 3 Private creditors 0 2 4 2 0 0 0 4 TOTAL DEBT FLOWS Disbursements 1,853 2,309 1,638 1,447 2,219 1,203 2,456 2,423 Long-term debt 1,788 2,309 1,638 1,447 2,219 1,203 2,456 2,423 IMF purchases 65 0 0 0 0 0 0 0 Principal repayments 908 2,368 1,627 2,587 2,965 2,378 2,122 2,786 Long-term debt 680 2,268 1,627 2,587 2,965 2,378 2,122 2,786 IMF repurchases 228 100 0 0 0 0 0 0 Net flows on debt 1,032 -81 -444 -1,124 -1,085 -2,250 847 752 of which short-term debt 86 -22 -455 16 -339 -1,074 514 1,115 Interest payments (INT) 887 1,391 1,075 1,122 1,329 617 590 619 Long-term debt 795 1,360 949 1,078 1,298 592 569 540 IMF charges 72 7 0 0 0 0 0 0 Short-term debt 20 24 127 44 31 25 22 79 Net transfers on debt 145 -1,472 -1,519 -2,246 -2,414 -2,867 257 133 Total debt service paid (TDS) 1,795 3,759 2,702 3,709 4,294 2,996 2,713 3,405 Long-term debt 1,475 3,628 2,576 3,665 4,263 2,971 2,691 3,326 IMF repurchases and charges 300 107 0 0 0 0 0 0 Short-term debt (interest only) 20 24 127 44 31 25 22 79 2. OTHER NET RESOURCE FLOWS (LONG-TERM) Net flow of long-term debt (ex. IMF) 1,108 41 11 -1,140 -746 -1,176 333 -363 Foreign direct investment (net) 165 92 221 79 2,313 787 1,552 2,699 Portfolio equity flows 0 20 18 -8 8 597 64 -309 Grants (excluding technical coop.) 480 100 191 163 232 415 383 421 of which: Debt forgiveness grants .. .. 38 0 0 7 0 2 IDA grants .. .. .. 0 0 0 0 0 Memo: technical coop. grants 182 266 192 283 350 380 384 404 Interest on long-term debt 795 1,360 949 1,078 1,298 592 569 540 Profit remittances on FDI 69 100 268 482 593 670 525 617 3. MAJOR ECONOMIC AGGREGATES Gross national income (GNI) 24,835 31,668 36,091 39,504 48,779 55,404 58,307 64,469 Exports of goods, serv. & inc. (XGS) 8,328 11,265 12,890 15,453 18,234 21,358 24,066 27,952 Worker remit. & comp. of employees 2,006 1,970 2,161 2,877 3,614 4,221 4,589 5,454 Imports of goods & services (MGS) 8,853 12,812 13,686 14,429 17,140 21,035 23,742 26,980 International reserves (RES) 2,338 3,874 5,017 10,375 14,147 16,647 16,551 20,791 Current account balance -196 -1,186 -475 1,477 1,582 970 1,110 1,851 4. DEBT INDICATORS EDT / XGS (%) 300.2 211.0 160.7 119.1 102.6 81.6 69.2 66.2 EDT / GNI (%) 100.7 75.1 57.4 46.6 38.3 31.4 28.6 28.7 TDS / XGS (%) 21.5 33.4 21.0 24.0 23.5 14.0 11.3 12.2 INT / XGS (%) 10.7 12.3 8.3 7.3 7.3 2.9 2.5 2.2 INT / GNI (%) 3.6 4.4 3.0 2.8 2.7 1.1 1.0 1.0 RES / EDT (%) 9.3 16.3 24.2 56.4 75.6 95.6 99.4 112.4 RES / MGS (months) 3.2 3.6 4.4 8.6 9.9 9.5 8.4 9.2 Short-term / EDT (%) 1.6 0.8 7.6 9.3 6.7 1.0 4.1 9.7 Concessional / EDT (%) 31.8 27.7 29.5 31.6 28.9 30.7 28.8 28.4 Multilateral / EDT (%) 18.7 29.1 29.4 30.9 30.8 34.6 35.3 35.9 273 MOROCCO (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 5. LONG-TERM DEBT DEBT OUTSTANDING (LDOD) 23,847 23,521 19,140 16,696 17,448 17,241 15,975 16,696 Public and publicly guaranteed 23,647 23,190 17,278 14,784 14,956 14,643 12,925 14,108 Official creditors 16,968 16,875 12,791 11,722 11,480 11,583 10,542 11,749 Multilateral 4,687 6,913 6,096 5,691 5,765 6,021 5,881 6,642 Concessional 405 642 1,000 984 962 987 1,046 1,118 Bilateral 12,280 9,962 6,694 6,031 5,715 5,561 4,661 5,107 Concessional 7,556 5,949 5,115 4,824 4,437 4,355 3,753 4,126 Private creditors 6,679 6,315 4,487 3,062 3,476 3,060 2,383 2,359 of which: Bonds 0 0 152 102 587 589 472 527 Commercial banks 3,963 4,234 3,300 2,192 2,095 1,832 1,481 1,486 Private nonguaranteed 200 331 1,862 1,912 2,493 2,598 3,051 2,588 Bonds 0 0 0 0 0 0 0 0 Commercial banks and other 200 331 1,862 1,912 2,493 2,598 3,051 2,588 Memo: IBRD 3,099 3,966 2,837 2,549 2,719 2,524 2,258 2,267 IDA 39 33 27 24 22 21 20 18 Public sector LDOD 23,583 22,944 17,116 14,681 14,848 14,578 12,865 14,037 Private sector LDOD 264 577 2,023 2,015 2,600 2,663 3,111 2,659 DISBURSEMENTS 1,788 2,309 1,638 1,447 2,219 1,203 2,456 2,423 Public and publicly guaranteed 1,780 2,206 980 692 1,578 963 1,658 1,847 Official creditors 1,220 1,521 629 602 845 851 1,562 1,528 Multilateral 781 1,008 466 483 637 651 1,134 1,030 Concessional 39 102 61 95 93 91 149 127 Bilateral 439 513 164 118 208 201 427 498 Concessional 287 378 119 118 174 198 324 446 Private creditors 560 686 351 91 733 111 97 320 of which: Bonds 0 0 0 0 452 0 0 0 Commercial banks 190 224 143 47 169 91 74 313 Private nonguaranteed 8 103 658 754 640 240 798 575 Bonds 0 0 0 0 0 0 0 0 Commercial banks and other 8 103 658 754 640 240 798 575 Memo: IBRD 426 426 138 45 142 129 262 176 IDA 0 0 0 0 0 0 0 0 PRINCIPAL REPAYMENTS 680 2,268 1,627 2,587 2,965 2,378 2,122 2,786 Public and publicly guaranteed 672 2,238 1,588 1,958 2,524 2,093 1,865 1,560 Official creditors 430 1,638 922 1,335 1,694 1,454 1,303 1,066 Multilateral 276 625 550 797 1,239 803 689 591 Concessional 13 22 52 66 146 77 76 77 Bilateral 154 1,012 372 538 455 651 613 475 Concessional 33 266 234 392 303 503 506 418 Private creditors 242 600 666 623 830 639 562 495 of which: Bonds 0 0 30 31 37 40 41 0 Commercial banks 40 112 350 395 588 395 356 372 Private nonguaranteed 8 30 39 628 441 285 258 1,226 Bonds 0 0 0 0 0 0 0 0 Commercial banks and other 8 30 39 628 441 285 258 1,226 Memo: IBRD 202 348 307 267 305 468 309 330 IDA 1 1 1 1 1 1 1 1 INTEREST PAYMENTS (LINT) 795 1,360 949 1,078 1,298 592 569 540 Public and publicly guaranteed 790 1,358 877 1,055 1,236 508 501 473 Official creditors 580 923 548 924 1,122 381 387 360 Multilateral 306 466 363 328 303 247 230 235 Concessional 7 20 32 34 37 37 44 41 Bilateral 274 457 185 596 819 134 157 125 Concessional 57 142 118 556 788 112 106 108 Private creditors 210 436 329 131 115 126 114 112 of which: Bonds 0 0 14 14 0 25 25 25 Commercial banks 45 259 228 64 64 58 65 70 Private nonguaranteed 5 2 71 23 62 85 68 67 Bonds 0 0 0 0 0 0 0 0 Commercial banks and other 5 2 71 23 62 85 68 67 Memo: IBRD 226 282 190 145 126 104 87 88 IDA 0 0 0 0 0 0 0 0 274 MOROCCO (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 6. CURRENCY COMPOSITION OF PUBLIC AND PUBLICLY GUARANTEED DEBT (PERCENT) Euro .. .. .. 38.4 46.8 49.0 48.4 52.0 Japanese yen 2.2 3.8 3.3 4.0 4.8 5.2 4.9 4.8 Pound sterling 0.1 0.2 0.1 0.1 0.0 0.0 0.0 0.0 Swiss franc 0.2 0.1 0.1 0.2 0.2 0.1 0.1 0.1 U.S.dollars 40.1 27.2 37.6 34.8 28.4 25.6 23.0 18.9 7. DEBT RESTRUCTURINGS Total amount rescheduled 4,118 0 0 0 0 0 0 0 Debt stock rescheduled 2,732 0 0 0 0 0 0 0 Principal rescheduled 590 0 0 0 0 0 0 0 Official 388 0 0 0 0 0 0 0 Private 203 0 0 0 0 0 0 0 Interest rescheduled 218 0 0 0 0 0 0 0 Official 136 0 0 0 0 0 0 0 Private 82 0 0 0 0 0 0 0 Debt forgiven 31 0 117 0 0 0 0 0 Memo: interest forgiven 0 0 0 0 0 0 0 0 Debt stock reduction 0 0 0 0 0 0 0 0 of which debt buyback 0 0 0 0 0 0 0 0 8. DEBT STOCK-FLOW RECONCILIATION Total change in debt stocks 2,773 798 -2,260 -764 303 -1,281 -763 1,835 Net flows on debt 1,032 -81 -444 -1,124 -1,085 -2,250 847 752 Cross-currency valuation 1,097 757 -735 1,357 1,459 657 -1,217 681 9. AVERAGE TERMS OF NEW COMMITMENTS ALL CREDITORS Interest (%) 6.8 4.6 3.6 3.5 4.1 3.4 3.0 3.9 Maturity (years) 19.9 19.0 23.4 18.5 16.3 19.5 18.8 20.5 Grace period (years) 6.2 5.1 6.0 4.3 4.7 4.3 5.3 5.4 Grant element (%) 24.0 33.7 44.5 40.1 33.3 41.5 45.5 39.8 Official creditors Interest (%) 5.4 4.4 3.4 3.5 3.8 3.4 3.0 3.9 Maturity (years) 24.1 19.8 25.0 18.8 20.2 19.9 19.3 22.6 Grace period (years) 8.3 5.4 6.4 4.4 5.0 4.5 5.5 6.3 Grant element (%) 36.1 35.8 47.1 41.0 38.4 42.4 46.7 42.7 Private creditors Interest (%) 9.7 7.1 4.8 5.1 4.5 4.2 3.6 4.0 Maturity (years) 11.6 9.7 10.7 11.5 8.5 12.4 11.3 14.7 Grace period (years) 2.1 1.5 2.8 0.4 4.1 0.5 1.2 3.0 Grant element (%) 0.0 10.5 23.6 18.7 23.2 24.8 27.1 31.6 10. CONTRACTUAL OBLIGATIONS ON OUTSTANDING LONG-TERM DEBT 2007 2008 2009 2010 2011 2012 2013 2014 TOTAL Principal 2,193 2,635 2,101 1,919 1,718 1,705 1,172 1,124 Interest 818 768 669 586 509 440 371 330 Official creditors Principal 1,338 1,302 1,294 1,337 1,163 1,142 1,041 1,007 Interest 537 528 500 462 417 380 343 307 Bilateral creditors Principal 672 657 616 630 474 451 399 374 Interest 206 195 178 158 137 124 113 102 Multilateral creditors Principal 665 645 678 707 688 691 641 634 Interest 331 334 323 304 280 256 230 206 Private creditors Principal 855 1,333 808 582 556 562 131 116 Interest 280 239 168 124 92 60 28 23 Notes: 275 MOZAMBIQUE (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 1. SUMMARY DEBT DATA TOTAL DEBT STOCKS (EDT) 4,650 7,458 7,257 5,059 3,941 4,869 4,637 3,265 Long-term debt (LDOD) 4,231 6,978 6,459 4,425 3,298 4,179 3,773 2,511 Public and publicly guaranteed 4,211 5,209 4,742 2,912 3,219 3,768 3,773 2,511 Private nonguaranteed 19 1,769 1,717 1,513 79 411 0 0 Use of IMF credit 74 202 219 200 209 197 157 10 Short-term debt 345 279 578 434 433 493 706 744 of which interest arrears on LDOD 207 250 413 308 371 441 618 655 Official creditors 76 245 404 307 367 436 613 649 Private creditors 131 5 9 1 4 5 5 5 Memorandum items Principal arrears on LDOD 725 1,086 762 496 518 632 549 622 Official creditors 373 1,074 749 495 516 630 547 620 Private creditors 352 12 13 2 2 2 2 2 TOTAL DEBT FLOWS Disbursements 242 267 184 284 225 351 344 375 Long-term debt 230 267 125 273 213 349 339 370 IMF purchases 12 0 60 11 12 2 5 5 Principal repayments 41 85 64 51 60 48 56 27 Long-term debt 41 71 64 46 51 39 41 27 IMF repurchases 0 14 0 5 9 9 15 0 Net flows on debt 173 193 56 87 101 293 324 349 of which short-term debt -28 11 -64 -146 -64 -10 36 1 Interest payments (INT) 38 77 32 27 25 26 28 28 Long-term debt 23 75 20 18 22 23 25 25 IMF charges 0 1 1 1 1 1 0 0 Short-term debt 15 1 11 8 3 2 2 2 Net transfers on debt 136 116 24 61 75 267 296 321 Total debt service paid (TDS) 79 162 96 78 85 74 84 55 Long-term debt 64 145 84 64 73 62 66 53 IMF repurchases and charges 0 15 1 6 10 10 15 0 Short-term debt (interest only) 15 1 11 8 3 2 2 2 2. OTHER NET RESOURCE FLOWS (LONG-TERM) Net flow of long-term debt (ex. IMF) 189 196 61 227 162 310 299 343 Foreign direct investment (net) 9 45 139 348 337 245 108 154 Portfolio equity flows 0 0 0 0 0 0 0 0 Grants (excluding technical coop.) 750 770 729 1,825 614 841 800 2,544 of which: Debt forgiveness grants .. .. 161 1,127 18 17 16 1,657 IDA grants .. .. .. 149 4 7 20 29 Memo: technical coop. grants 92 233 173 199 225 209 189 219 Interest on long-term debt 23 75 20 18 22 23 25 25 Profit remittances on FDI 0 0 0 28 42 168 284 471 3. MAJOR ECONOMIC AGGREGATES Gross national income (GNI) 2,320 2,069 4,017 4,028 4,469 5,358 6,095 6,141 Exports of goods, serv. & inc. (XGS) 300 470 769 1,230 1,434 1,836 2,192 2,943 Worker remit. & comp. of employees 70 59 37 53 70 58 57 80 Imports of goods & services (MGS) 1,164 1,254 1,763 2,709 2,443 2,755 3,350 4,062 International reserves (RES) 0 195 742 825 948 1,159 1,103 1,216 Current account balance -415 -445 -764 -869 -816 -607 -761 -634 4. DEBT INDICATORS EDT / XGS (%) 1,550.9 1,585.6 944.0 411.2 274.9 265.1 211.5 110.9 EDT / GNI (%) 200.4 360.6 180.6 125.6 88.2 90.9 76.1 53.2 TDS / XGS (%) 26.2 34.5 12.5 6.3 5.9 4.0 3.8 1.9 INT / XGS (%) 12.6 16.4 4.2 2.2 1.8 1.4 1.3 0.9 INT / GNI (%) 1.6 3.7 0.8 0.7 0.6 0.5 0.5 0.5 RES / EDT (%) 0.0 2.6 10.2 16.3 24.1 23.8 23.8 37.3 RES / MGS (months) 0.0 1.9 5.1 3.7 4.7 5.0 4.0 3.6 Short-term / EDT (%) 7.4 3.7 8.0 8.6 11.0 10.1 15.2 22.8 Concessional / EDT (%) 44.8 39.4 49.8 52.8 75.3 72.1 75.9 68.5 Multilateral / EDT (%) 10.0 17.1 15.3 29.5 46.2 45.6 50.7 33.2 276 MOZAMBIQUE (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 5. LONG-TERM DEBT DEBT OUTSTANDING (LDOD) 4,231 6,978 6,459 4,425 3,298 4,179 3,773 2,511 Public and publicly guaranteed 4,211 5,209 4,742 2,912 3,219 3,768 3,773 2,511 Official creditors 3,560 5,163 4,732 2,910 3,217 3,766 3,771 2,510 Multilateral 464 1,277 1,108 1,494 1,822 2,219 2,352 1,083 Concessional 405 1,196 1,070 1,462 1,793 2,184 2,312 1,022 Bilateral 3,097 3,886 3,624 1,416 1,395 1,547 1,419 1,427 Concessional 1,677 1,741 2,541 1,211 1,173 1,327 1,205 1,216 Private creditors 651 46 11 2 2 2 2 2 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 147 7 0 0 0 0 0 0 Private nonguaranteed 19 1,769 1,717 1,513 79 411 0 0 Bonds 0 0 0 0 0 0 0 0 Commercial banks and other 19 1,769 1,717 1,513 79 411 0 0 Memo: IBRD 0 0 0 0 0 0 0 0 IDA 268 890 760 985 1,232 1,475 1,575 655 Public sector LDOD 4,211 5,209 4,742 2,912 3,219 3,768 3,773 2,511 Private sector LDOD 19 1,769 1,717 1,513 79 411 0 0 DISBURSEMENTS 230 267 125 273 213 349 339 370 Public and publicly guaranteed 210 231 125 273 213 349 339 370 Official creditors 186 231 125 273 213 349 339 370 Multilateral 95 219 122 240 203 341 337 366 Concessional 89 208 120 238 199 338 324 345 Bilateral 91 11 3 33 10 8 3 4 Concessional 91 11 3 29 10 6 3 4 Private creditors 24 0 0 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 Private nonguaranteed 20 36 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 Commercial banks and other 20 36 0 0 0 0 0 0 Memo: IBRD 0 0 0 0 0 0 0 0 IDA 74 160 97 149 156 190 227 223 PRINCIPAL REPAYMENTS 41 71 64 46 51 39 41 27 Public and publicly guaranteed 29 67 34 21 27 16 20 27 Official creditors 23 58 33 21 27 16 20 27 Multilateral 9 13 18 9 11 9 13 18 Concessional 4 6 8 6 7 8 13 17 Bilateral 13 45 15 12 16 7 7 10 Concessional 5 18 14 11 12 3 3 6 Private creditors 7 9 1 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 3 0 1 0 0 0 0 0 Private nonguaranteed 12 3 30 25 24 23 21 0 Bonds 0 0 0 0 0 0 0 0 Commercial banks and other 12 3 30 25 24 23 21 0 Memo: IBRD 0 0 0 0 0 0 0 0 IDA 0 0 2 2 2 4 5 8 INTEREST PAYMENTS (LINT) 23 75 20 18 22 23 25 25 Public and publicly guaranteed 22 74 20 18 22 23 25 25 Official creditors 17 71 20 18 22 23 25 25 Multilateral 7 12 9 11 12 17 19 19 Concessional 3 7 7 10 11 16 18 16 Bilateral 10 59 11 7 10 6 6 6 Concessional 6 12 10 7 9 5 5 5 Private creditors 6 3 0 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 1 0 0 0 0 0 0 0 Private nonguaranteed 0 1 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 Commercial banks and other 0 1 0 0 0 0 0 0 Memo: IBRD 0 0 0 0 0 1 1 1 IDA 1 6 4 5 6 11 12 9 277 MOZAMBIQUE (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 6. CURRENCY COMPOSITION OF PUBLIC AND PUBLICLY GUARANTEED DEBT (PERCENT) Euro .. .. .. 5.5 3.4 3.1 2.8 4.4 Japanese yen 1.8 1.8 1.8 1.4 1.4 1.3 1.1 1.7 Pound sterling 2.4 2.1 2.1 0.0 0.0 0.0 0.0 0.0 Swiss franc 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 U.S.dollars 52.8 60.4 69.2 73.9 75.1 74.0 71.8 66.7 7. DEBT RESTRUCTURINGS Total amount rescheduled 386 66 0 0 3 0 0 0 Debt stock rescheduled 0 0 0 0 0 0 0 0 Principal rescheduled 225 162 0 0 0 0 0 0 Official 133 159 0 0 0 0 0 0 Private 92 2 0 0 0 0 0 0 Interest rescheduled 118 57 0 0 0 0 0 0 Official 83 57 0 0 0 0 0 0 Private 35 0 0 0 0 0 0 0 Debt forgiven 210 311 8 29 84 12 12 5 Memo: interest forgiven 14 12 3 5 5 2 1 0 Debt stock reduction 950 0 71 29 0 6 0 1,678 of which debt buyback 0 0 0 0 0 0 0 0 8. DEBT STOCK-FLOW RECONCILIATION Total change in debt stocks 287 187 29 160 -1,118 928 -233 -1,372 Net flows on debt 173 193 56 87 101 293 324 349 Cross-currency valuation 176 86 -262 118 154 67 -174 -1,302 9. AVERAGE TERMS OF NEW COMMITMENTS ALL CREDITORS Interest (%) 1.4 0.9 0.8 0.9 0.8 0.8 0.7 0.7 Maturity (years) 34.6 36.8 46.7 35.7 41.9 35.9 38.7 44.2 Grace period (years) 9.2 9.3 12.9 9.3 9.7 8.8 9.4 9.9 Grant element (%) 71.2 76.4 82.9 76.0 79.6 73.5 80.0 80.9 Official creditors Interest (%) 1.3 0.9 0.8 0.9 0.8 0.8 0.7 0.7 Maturity (years) 34.8 36.8 46.7 35.7 41.9 35.9 38.7 44.2 Grace period (years) 9.2 9.3 12.9 9.3 9.7 8.8 9.4 9.9 Grant element (%) 71.7 76.4 82.9 76.0 79.6 73.5 80.0 80.9 Private creditors Interest (%) 9.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Maturity (years) 4.9 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Grace period (years) 2.9 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Grant element (%) 2.4 0.0 0.0 0.0 0.0 0.0 0.0 0.0 10. CONTRACTUAL OBLIGATIONS ON OUTSTANDING LONG-TERM DEBT 2007 2008 2009 2010 2011 2012 2013 2014 TOTAL Principal 95 92 90 94 99 105 55 64 Interest 39 37 35 33 30 28 26 24 Official creditors Principal 95 92 90 94 99 105 55 64 Interest 39 37 35 33 30 28 26 24 Bilateral creditors Principal 80 75 69 69 68 69 18 22 Interest 23 21 19 16 14 12 10 10 Multilateral creditors Principal 15 17 21 26 31 35 37 42 Interest 15 16 16 16 16 16 15 15 Private creditors Principal 0 0 0 0 0 0 0 0 Interest 0 0 0 0 0 0 0 0 Notes: Mozambique was granted debt relief effective in 2006 under the Multilateral Debt Relief Initiative. Data on long-term public and publicly guaranteed debt for 2006 are preliminary, based on reports provided by the country. Short-term debt until 2005 are World Bank staff estimates. 278 MYANMAR (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 1. SUMMARY DEBT DATA TOTAL DEBT STOCKS (EDT) 4,695 5,771 5,928 6,583 7,319 7,239 6,645 6,828 Long-term debt (LDOD) 4,466 5,378 5,242 5,391 5,857 5,647 5,196 5,234 Public and publicly guaranteed 4,466 5,378 5,242 5,391 5,857 5,647 5,196 5,234 Private nonguaranteed 0 0 0 0 0 0 0 0 Use of IMF credit 0 0 0 0 0 0 0 0 Short-term debt 229 393 686 1,192 1,461 1,593 1,450 1,595 of which interest arrears on LDOD 200 351 488 632 745 774 718 756 Official creditors 168 285 442 577 684 710 658 691 Private creditors 32 67 46 54 61 63 59 65 Memorandum items Principal arrears on LDOD 376 1,359 1,738 2,203 2,613 2,724 2,598 2,755 Official creditors 291 1,100 1,516 1,958 2,343 2,446 2,343 2,484 Private creditors 85 259 222 245 270 278 255 271 TOTAL DEBT FLOWS Disbursements 122 86 15 5 3 2 1 0 Long-term debt 122 86 15 5 3 2 1 0 IMF purchases 0 0 0 0 0 0 0 0 Principal repayments 46 180 71 94 93 93 81 61 Long-term debt 44 180 71 94 93 93 81 61 IMF repurchases 2 0 0 0 0 0 0 0 Net flows on debt 91 -74 -16 308 66 12 -167 46 of which short-term debt 14 20 41 397 155 103 -87 107 Interest payments (INT) 14 70 16 19 28 33 25 25 Long-term debt 13 68 4 8 14 13 10 9 IMF charges 0 0 0 0 0 0 0 0 Short-term debt 2 2 12 11 14 20 15 17 Net transfers on debt 76 -144 -31 289 38 -21 -192 21 Total debt service paid (TDS) 60 250 87 113 121 125 107 86 Long-term debt 57 248 75 102 107 105 92 70 IMF repurchases and charges 2 0 0 0 0 0 0 0 Short-term debt (interest only) 2 2 12 11 14 20 15 17 2. OTHER NET RESOURCE FLOWS (LONG-TERM) Net flow of long-term debt (ex. IMF) 78 -95 -56 -89 -90 -91 -80 -61 Foreign direct investment (net) 163 280 258 152 251 214 237 279 Portfolio equity flows 0 0 0 0 0 0 0 0 Grants (excluding technical coop.) 37 164 45 75 70 86 102 106 of which: Debt forgiveness grants .. .. 33 20 4 4 4 4 IDA grants .. .. .. 0 0 0 0 0 Memo: technical coop. grants 34 45 50 58 52 40 42 37 Interest on long-term debt 13 68 4 8 14 13 10 9 Profit remittances on FDI 147 0 137 583 752 762 1,402 1,317 3. MAJOR ECONOMIC AGGREGATES Gross national income (GNI) .. .. .. .. .. .. .. .. Exports of goods, serv. & inc. (XGS) 328 1,404 2,252 2,960 3,047 3,303 4,190 4,998 Worker remit. & comp. of employees 6 81 104 106 85 117 131 116 Imports of goods & services (MGS) 797 2,146 2,662 2,951 3,102 3,244 3,689 4,252 International reserves (RES) 410 651 286 549 647 773 889 1,383 Current account balance -436 -261 -212 97 -19 112 588 802 4. DEBT INDICATORS EDT / XGS (%) 1,433.2 411.0 263.3 222.4 240.1 219.2 158.6 136.6 EDT / GNI (%) .. .. .. .. .. .. .. .. TDS / XGS (%) 18.4 17.8 3.9 3.8 4.0 3.8 2.5 1.7 INT / XGS (%) 4.4 5.0 0.7 0.6 0.9 1.0 0.6 0.5 INT / GNI (%) .. .. .. .. .. .. .. .. RES / EDT (%) 8.7 11.3 4.8 8.3 8.8 10.7 13.4 20.2 RES / MGS (months) 6.2 3.6 1.3 2.2 2.5 2.9 2.9 3.9 Short-term / EDT (%) 4.9 6.8 11.6 18.1 20.0 22.0 21.8 23.4 Concessional / EDT (%) 87.6 84.7 70.4 66.9 66.5 64.6 64.4 63.0 Multilateral / EDT (%) 26.3 23.1 19.4 18.5 17.9 17.8 18.5 18.3 279 MYANMAR (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 5. LONG-TERM DEBT DEBT OUTSTANDING (LDOD) 4,466 5,378 5,242 5,391 5,857 5,647 5,196 5,234 Public and publicly guaranteed 4,466 5,378 5,242 5,391 5,857 5,647 5,196 5,234 Official creditors 4,216 5,011 4,262 4,506 4,979 4,794 4,385 4,415 Multilateral 1,234 1,331 1,148 1,216 1,308 1,285 1,228 1,253 Concessional 1,228 1,328 1,148 1,216 1,308 1,285 1,228 1,253 Bilateral 2,982 3,680 3,114 3,290 3,672 3,508 3,158 3,162 Concessional 2,884 3,558 3,024 3,188 3,556 3,390 3,049 3,047 Private creditors 250 367 980 884 878 853 810 819 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 0 0 546 546 546 546 546 546 Private nonguaranteed 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 Commercial banks and other 0 0 0 0 0 0 0 0 Memo: IBRD 0 0 0 0 0 0 0 0 IDA 716 777 684 729 762 774 752 776 Public sector LDOD 4,389 5,269 5,146 5,295 5,753 5,551 5,113 5,156 Private sector LDOD 77 109 95 96 104 96 83 77 DISBURSEMENTS 122 86 15 5 3 2 1 0 Public and publicly guaranteed 122 86 15 5 3 2 1 0 Official creditors 119 17 12 5 3 2 1 0 Multilateral 68 0 1 1 1 1 0 0 Concessional 68 0 1 1 1 1 0 0 Bilateral 51 16 11 3 2 1 1 0 Concessional 51 16 11 3 2 1 1 0 Private creditors 3 69 3 1 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 Commercial banks and other 0 0 0 0 0 0 0 0 Memo: IBRD 0 0 0 0 0 0 0 0 IDA 57 0 0 0 0 0 0 0 PRINCIPAL REPAYMENTS 44 180 71 94 93 93 81 61 Public and publicly guaranteed 44 180 71 94 93 93 81 61 Official creditors 33 147 2 34 57 61 55 53 Multilateral 15 25 2 2 2 2 2 2 Concessional 14 24 2 2 2 2 2 2 Bilateral 18 122 0 31 55 58 53 51 Concessional 18 122 0 31 55 58 53 51 Private creditors 11 34 69 61 35 32 26 8 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 Commercial banks and other 0 0 0 0 0 0 0 0 Memo: IBRD 0 0 0 0 0 0 0 0 IDA 3 9 0 0 0 0 0 0 INTEREST PAYMENTS (LINT) 13 68 4 8 14 13 10 9 Public and publicly guaranteed 13 68 4 8 14 13 10 9 Official creditors 10 66 0 7 13 12 10 9 Multilateral 10 13 0 0 0 0 0 0 Concessional 10 12 0 0 0 0 0 0 Bilateral 0 53 0 6 12 12 10 8 Concessional 0 50 0 6 12 12 10 8 Private creditors 2 2 3 1 2 1 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 Commercial banks and other 0 0 0 0 0 0 0 0 Memo: IBRD 0 0 0 0 0 0 0 0 IDA 5 6 0 0 0 0 0 0 280 MYANMAR (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 6. CURRENCY COMPOSITION OF PUBLIC AND PUBLICLY GUARANTEED DEBT (PERCENT) Euro .. .. .. 12.0 12.2 11.9 11.2 12.1 Japanese yen 46.8 52.3 45.3 45.1 46.9 46.4 45.1 43.9 Pound sterling 1.7 1.3 1.2 1.3 1.4 1.5 1.5 1.7 Swiss franc 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 U.S.dollars 24.3 22.6 34.9 32.8 30.6 31.5 33.3 33.4 7. DEBT RESTRUCTURINGS Total amount rescheduled 0 0 0 0 0 0 0 0 Debt stock rescheduled 0 0 0 0 0 0 0 0 Principal rescheduled 0 0 0 0 0 0 0 0 Official 0 0 0 0 0 0 0 0 Private 0 0 0 0 0 0 0 0 Interest rescheduled 0 0 0 0 0 0 0 0 Official 0 0 0 0 0 0 0 0 Private 0 0 0 0 0 0 0 0 Debt forgiven 0 0 0 0 0 0 0 0 Memo: interest forgiven 0 0 0 0 0 0 0 0 Debt stock reduction 0 0 0 0 0 0 0 0 of which debt buyback 0 0 0 0 0 0 0 0 8. DEBT STOCK-FLOW RECONCILIATION Total change in debt stocks 504 -785 -76 913 735 -79 -594 183 Net flows on debt 91 -74 -16 308 66 12 -167 46 Cross-currency valuation 306 -755 -577 468 555 -21 -332 99 9. AVERAGE TERMS OF NEW COMMITMENTS ALL CREDITORS Interest (%) 2.7 1.4 0.0 0.0 0.0 0.0 0.0 0.0 Maturity (years) 13.7 14.4 0.0 0.0 0.0 0.0 0.0 0.0 Grace period (years) 3.4 8.7 0.0 0.0 0.0 0.0 0.0 0.0 Grant element (%) 39.3 39.1 0.0 0.0 0.0 0.0 0.0 0.0 Official creditors Interest (%) 1.5 2.8 0.0 0.0 0.0 0.0 0.0 0.0 Maturity (years) 16.7 33.0 0.0 0.0 0.0 0.0 0.0 0.0 Grace period (years) 5.2 24.4 0.0 0.0 0.0 0.0 0.0 0.0 Grant element (%) 53.3 62.6 0.0 0.0 0.0 0.0 0.0 0.0 Private creditors Interest (%) 3.5 0.8 0.0 0.0 0.0 0.0 0.0 0.0 Maturity (years) 11.6 6.4 0.0 0.0 0.0 0.0 0.0 0.0 Grace period (years) 2.1 1.8 0.0 0.0 0.0 0.0 0.0 0.0 Grant element (%) 29.4 28.8 0.0 0.0 0.0 0.0 0.0 0.0 10. CONTRACTUAL OBLIGATIONS ON OUTSTANDING LONG-TERM DEBT 2007 2008 2009 2010 2011 2012 2013 2014 TOTAL Principal 341 335 314 281 126 119 107 95 Interest 64 50 37 24 14 12 11 9 Official creditors Principal 204 199 178 145 126 119 107 95 Interest 27 23 19 17 14 12 11 9 Bilateral creditors Principal 138 133 115 82 63 56 40 36 Interest 16 13 10 8 6 5 4 3 Multilateral creditors Principal 65 66 62 63 63 63 67 60 Interest 10 10 9 9 8 8 7 6 Private creditors Principal 137 137 137 137 0 0 0 0 Interest 37 27 17 7 0 0 0 0 Notes: Data relate to the year ending in March. Data on long-term public and publicly guaranteed debt for end-March 2007 are estimates based on the original terms of the loans. 281 NEPAL (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 1. SUMMARY DEBT DATA TOTAL DEBT STOCKS (EDT) 1,627 2,410 2,869 2,992 3,164 3,358 3,197 3,409 Long-term debt (LDOD) 1,559 2,339 2,827 2,948 3,139 3,300 3,130 3,285 Public and publicly guaranteed 1,559 2,339 2,827 2,948 3,139 3,300 3,130 3,285 Private nonguaranteed 0 0 0 0 0 0 0 0 Use of IMF credit 44 48 12 4 11 22 20 43 Short-term debt 24 23 29 40 13 36 47 81 of which interest arrears on LDOD 4 2 0 0 0 0 0 0 Official creditors 4 2 0 0 0 0 0 0 Private creditors 0 0 0 0 0 0 0 0 Memorandum items Principal arrears on LDOD 6 8 1 0 0 0 0 0 Official creditors 6 3 1 0 0 0 0 0 Private creditors 0 5 0 0 0 0 0 0 TOTAL DEBT FLOWS Disbursements 168 164 154 70 151 124 193 184 Long-term debt 168 164 154 70 141 113 193 163 IMF purchases 0 0 0 0 10 11 0 21 Principal repayments 40 53 71 75 83 86 86 106 Long-term debt 28 45 67 71 80 85 86 106 IMF repurchases 12 8 4 4 3 1 0 0 Net flows on debt 130 71 69 -20 42 61 117 112 of which short-term debt 2 -40 -14 -14 -27 23 11 34 Interest payments (INT) 28 32 31 28 31 32 32 34 Long-term debt 24 29 28 27 30 31 30 30 IMF charges 2 0 0 0 0 0 0 0 Short-term debt 2 2 3 1 1 1 2 4 Net transfers on debt 102 39 39 -48 11 30 85 78 Total debt service paid (TDS) 68 85 102 104 114 117 119 140 Long-term debt 52 74 95 98 110 115 116 136 IMF repurchases and charges 14 8 4 4 3 1 0 0 Short-term debt (interest only) 2 2 3 1 1 1 2 4 2. OTHER NET RESOURCE FLOWS (LONG-TERM) Net flow of long-term debt (ex. IMF) 140 119 87 -1 61 29 106 57 Foreign direct investment (net) 6 0 0 -6 15 0 2 -7 Portfolio equity flows 0 0 0 0 0 0 0 0 Grants (excluding technical coop.) 143 171 143 204 218 263 316 312 of which: Debt forgiveness grants .. .. 17 16 9 1 34 30 IDA grants .. .. .. 0 0 1 13 22 Memo: technical coop. grants 106 142 106 128 147 119 125 130 Interest on long-term debt 24 29 28 27 30 31 30 30 Profit remittances on FDI 0 0 0 45 42 45 57 56 3. MAJOR ECONOMIC AGGREGATES Gross national income (GNI) 3,640 4,407 5,514 6,043 6,322 7,251 8,203 9,007 Exports of goods, serv. & inc. (XGS) 447 1,129 1,466 1,649 1,868 2,090 2,549 2,766 Worker remit. & comp. of employees 0 57 111 678 771 823 1,211 1,453 Imports of goods & services (MGS) 845 1,659 1,825 1,733 2,001 2,371 2,803 3,030 International reserves (RES) 354 646 987 1,070 1,286 1,529 1,565 .. Current account balance -289 -356 -131 215 180 100 153 150 4. DEBT INDICATORS EDT / XGS (%) 363.7 213.4 195.7 181.4 169.3 160.7 125.4 123.3 EDT / GNI (%) 44.7 54.7 52.0 49.5 50.0 46.3 39.0 37.8 TDS / XGS (%) 15.2 7.5 6.9 6.3 6.1 5.6 4.7 5.1 INT / XGS (%) 6.2 2.8 2.1 1.7 1.7 1.5 1.3 1.2 INT / GNI (%) 0.8 0.7 0.6 0.5 0.5 0.4 0.4 0.4 RES / EDT (%) 21.8 26.8 34.4 35.8 40.7 45.5 49.0 .. RES / MGS (months) 5.0 4.7 6.5 7.4 7.7 7.7 6.7 .. Short-term / EDT (%) 1.5 0.9 1.0 1.3 0.4 1.1 1.5 2.4 Concessional / EDT (%) 89.2 94.5 98.4 98.4 99.0 98.1 97.7 96.2 Multilateral / EDT (%) 78.0 81.0 85.6 87.5 88.5 88.1 85.6 85.6 282 NEPAL (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 5. LONG-TERM DEBT DEBT OUTSTANDING (LDOD) 1,559 2,339 2,827 2,948 3,139 3,300 3,130 3,285 Public and publicly guaranteed 1,559 2,339 2,827 2,948 3,139 3,300 3,130 3,285 Official creditors 1,461 2,281 2,822 2,943 3,133 3,294 3,125 3,281 Multilateral 1,268 1,952 2,457 2,619 2,800 2,959 2,737 2,918 Concessional 1,259 1,949 2,457 2,619 2,800 2,959 2,737 2,918 Bilateral 193 329 365 324 334 335 388 362 Concessional 193 329 365 324 334 335 388 362 Private creditors 97 58 5 5 6 6 5 5 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 Commercial banks and other 0 0 0 0 0 0 0 0 Memo: IBRD 0 0 0 0 0 0 0 0 IDA 667 1,023 1,132 1,210 1,388 1,491 1,396 1,468 Public sector LDOD 1,553 2,338 2,827 2,948 3,139 3,300 3,130 3,285 Private sector LDOD 5 0 0 0 0 0 0 0 DISBURSEMENTS 168 164 154 70 141 113 193 163 Public and publicly guaranteed 168 164 154 70 141 113 193 163 Official creditors 166 164 154 70 141 113 193 163 Multilateral 146 151 142 65 139 96 86 157 Concessional 146 151 142 65 139 96 86 157 Bilateral 20 13 11 5 2 17 107 6 Concessional 20 13 11 5 2 17 107 6 Private creditors 2 0 0 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 Commercial banks and other 0 0 0 0 0 0 0 0 Memo: IBRD 0 0 0 0 0 0 0 0 IDA 68 82 49 34 102 72 33 43 PRINCIPAL REPAYMENTS 28 45 67 71 80 85 86 106 Public and publicly guaranteed 28 45 67 71 80 85 86 106 Official creditors 13 40 59 71 79 84 86 105 Multilateral 10 24 37 45 51 58 61 68 Concessional 10 24 37 45 51 58 61 68 Bilateral 3 16 22 26 29 27 25 37 Concessional 3 16 22 26 29 27 25 37 Private creditors 14 5 8 0 0 0 1 0 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 Commercial banks and other 0 0 0 0 0 0 0 0 Memo: IBRD 0 0 0 0 0 0 0 0 IDA 2 7 16 20 22 27 30 31 INTEREST PAYMENTS (LINT) 24 29 28 27 30 31 30 30 Public and publicly guaranteed 24 29 28 27 30 31 30 30 Official creditors 14 24 27 27 30 30 30 30 Multilateral 10 17 22 22 23 25 26 25 Concessional 10 17 22 22 23 25 26 25 Bilateral 4 8 5 5 7 5 4 5 Concessional 4 8 5 5 7 5 4 5 Private creditors 11 5 1 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 Commercial banks and other 0 0 0 0 0 0 0 0 Memo: IBRD 0 0 0 0 0 0 0 0 IDA 5 7 8 9 9 11 12 11 283 NEPAL (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 6. CURRENCY COMPOSITION OF PUBLIC AND PUBLICLY GUARANTEED DEBT (PERCENT) Euro .. .. .. 2.3 2.4 2.3 2.1 2.1 Japanese yen 8.5 11.3 9.2 7.5 7.5 7.2 9.4 8.1 Pound sterling 0.2 0.1 0.1 0.1 0.1 0.1 0.1 0.1 Swiss franc 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 U.S.dollars 50.0 44.0 38.6 40.3 43.5 43.2 43.3 43.9 7. DEBT RESTRUCTURINGS Total amount rescheduled 0 0 0 0 0 0 0 0 Debt stock rescheduled 0 0 0 0 0 0 0 0 Principal rescheduled 0 0 0 0 0 0 0 0 Official 0 0 0 0 0 0 0 0 Private 0 0 0 0 0 0 0 0 Interest rescheduled 0 0 0 0 0 0 0 0 Official 0 0 0 0 0 0 0 0 Private 0 0 0 0 0 0 0 0 Debt forgiven 0 0 0 0 0 0 0 0 Memo: interest forgiven 0 0 0 0 0 0 0 0 Debt stock reduction 0 0 0 0 0 0 0 0 of which debt buyback 0 0 0 0 0 0 0 0 8. DEBT STOCK-FLOW RECONCILIATION Total change in debt stocks 271 89 -152 257 172 194 -161 212 Net flows on debt 130 71 69 -20 42 61 117 112 Cross-currency valuation 125 8 -190 222 284 132 -279 95 9. AVERAGE TERMS OF NEW COMMITMENTS ALL CREDITORS Interest (%) 0.9 3.5 1.4 1.2 1.0 1.0 1.1 1.3 Maturity (years) 38.5 29.8 31.4 33.7 34.9 36.8 34.6 24.6 Grace period (years) 10.3 7.9 8.1 9.8 9.3 9.5 8.7 8.1 Grant element (%) 78.4 48.6 69.5 73.3 75.1 76.8 74.0 66.0 Official creditors Interest (%) 0.9 3.5 1.4 1.2 1.0 1.0 1.1 1.3 Maturity (years) 38.5 29.8 31.4 33.7 34.9 36.8 34.6 24.6 Grace period (years) 10.3 7.9 8.1 9.8 9.3 9.5 8.7 8.1 Grant element (%) 78.4 48.6 69.5 73.3 75.1 76.8 74.0 66.0 Private creditors Interest (%) 0.0 0.0 0.0 0.0 0.0 3.9 0.0 0.0 Maturity (years) 0.0 0.0 0.0 0.0 0.0 26.7 0.0 0.0 Grace period (years) 0.0 0.0 0.0 0.0 0.0 7.5 0.0 0.0 Grant element (%) 0.0 0.0 0.0 0.0 0.0 46.9 0.0 0.0 10. CONTRACTUAL OBLIGATIONS ON OUTSTANDING LONG-TERM DEBT 2007 2008 2009 2010 2011 2012 2013 2014 TOTAL Principal 106 115 126 139 146 151 156 160 Interest 41 42 42 42 41 40 38 37 Official creditors Principal 106 115 125 138 146 150 156 160 Interest 41 42 42 42 41 40 38 37 Bilateral creditors Principal 28 28 27 29 30 27 25 23 Interest 5 5 4 4 3 3 3 2 Multilateral creditors Principal 77 86 98 109 116 123 131 137 Interest 36 37 38 38 37 37 36 34 Private creditors Principal 1 1 1 1 1 1 1 1 Interest 0 0 0 0 0 0 0 0 Notes: 284 NICARAGUA (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 1. SUMMARY DEBT DATA TOTAL DEBT STOCKS (EDT) 10,745 10,390 6,853 6,483 6,911 5,145 5,144 4,391 Long-term debt (LDOD) 8,313 8,566 5,774 5,754 6,102 4,403 4,405 3,713 Public and publicly guaranteed 8,313 8,566 5,492 5,573 5,894 4,125 4,113 3,425 Private nonguaranteed 0 0 281 181 209 278 292 288 Use of IMF credit 0 39 169 174 213 248 201 63 Short-term debt 2,432 1,785 911 554 595 495 538 615 of which interest arrears on LDOD 1,693 1,475 789 420 434 362 362 436 Official creditors 1,067 1,458 776 407 421 348 348 419 Private creditors 626 17 13 13 14 14 14 16 Memorandum items Principal arrears on LDOD 2,464 3,230 1,035 802 807 685 685 694 Official creditors 1,491 2,914 820 589 594 473 474 482 Private creditors 973 316 216 213 213 211 211 211 TOTAL DEBT FLOWS Disbursements 577 277 527 296 362 408 291 343 Long-term debt 577 277 500 287 333 367 291 282 IMF purchases 0 0 27 9 29 41 0 61 Principal repayments 4 203 189 104 131 80 119 62 Long-term debt 4 190 183 100 126 71 110 62 IMF repurchases 0 13 5 4 5 9 9 0 Net flows on debt 593 88 341 188 257 301 215 284 of which short-term debt 21 13 3 -4 26 -28 43 3 Interest payments (INT) 11 85 98 48 55 46 53 61 Long-term debt 5 76 90 43 49 39 46 52 IMF charges 0 1 1 1 1 1 0 0 Short-term debt 6 8 7 4 6 6 8 8 Net transfers on debt 582 3 243 140 202 254 162 223 Total debt service paid (TDS) 16 288 286 151 187 126 172 123 Long-term debt 9 266 274 142 174 110 155 115 IMF repurchases and charges 0 14 6 5 6 10 9 0 Short-term debt (interest only) 6 8 7 4 6 6 8 8 2. OTHER NET RESOURCE FLOWS (LONG-TERM) Net flow of long-term debt (ex. IMF) 572 87 317 187 207 296 181 220 Foreign direct investment (net) 1 89 267 204 201 250 241 282 Portfolio equity flows 0 0 0 0 0 0 0 0 Grants (excluding technical coop.) 241 410 255 234 504 1,143 483 1,332 of which: Debt forgiveness grants .. .. 417 8 251 861 175 976 IDA grants .. .. .. 0 0 0 0 0 Memo: technical coop. grants 73 132 116 112 103 105 111 116 Interest on long-term debt 5 76 90 43 49 39 46 52 Profit remittances on FDI 0 29 69 71 77 80 82 85 3. MAJOR ECONOMIC AGGREGATES Gross national income (GNI) 988 2,821 3,735 3,826 3,911 4,266 4,729 5,176 Exports of goods, serv. & inc. (XGS) 404 744 1,453 1,526 1,759 2,183 2,586 3,016 Worker remit. & comp. of employees 0 75 320 377 439 519 600 656 Imports of goods & services (MGS) 911 1,529 2,385 2,424 2,609 3,076 3,554 4,070 International reserves (RES) 166 142 492 453 508 668 728 922 Current account balance -305 -722 -842 -744 -663 -657 -745 -855 4. DEBT INDICATORS EDT / XGS (%) 2,659.6 1,397.0 471.8 424.9 392.9 235.7 198.9 145.6 EDT / GNI (%) 1,087.8 368.3 183.5 169.4 176.7 120.6 108.8 84.8 TDS / XGS (%) 3.9 38.7 19.7 9.9 10.6 5.8 6.7 4.1 INT / XGS (%) 2.8 11.5 6.7 3.1 3.1 2.1 2.1 2.0 INT / GNI (%) 1.2 3.0 2.6 1.2 1.4 1.1 1.1 1.2 RES / EDT (%) 1.5 1.4 7.2 7.0 7.4 13.0 14.1 21.0 RES / MGS (months) 2.2 1.1 2.5 2.2 2.3 2.6 2.5 2.7 Short-term / EDT (%) 22.6 17.2 13.3 8.6 8.6 9.6 10.5 14.0 Concessional / EDT (%) 30.6 37.6 46.4 55.5 58.5 64.3 64.8 59.9 Multilateral / EDT (%) 8.8 14.1 30.9 37.4 39.1 53.5 54.3 47.9 285 NICARAGUA (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 5. LONG-TERM DEBT DEBT OUTSTANDING (LDOD) 8,313 8,566 5,774 5,754 6,102 4,403 4,405 3,713 Public and publicly guaranteed 8,313 8,566 5,492 5,573 5,894 4,125 4,113 3,425 Official creditors 6,767 7,556 5,138 5,227 5,543 3,811 3,806 3,140 Multilateral 940 1,464 2,119 2,424 2,704 2,752 2,791 2,102 Concessional 355 769 1,778 2,125 2,427 2,643 2,698 1,972 Bilateral 5,827 6,092 3,019 2,803 2,839 1,059 1,014 1,039 Concessional 2,929 3,136 1,404 1,476 1,612 667 635 657 Private creditors 1,545 1,010 354 346 350 314 307 285 of which: Bonds 0 524 0 0 0 0 0 0 Commercial banks 1,305 383 326 324 327 291 285 262 Private nonguaranteed 0 0 281 181 209 278 292 288 Bonds 0 0 0 0 0 0 0 0 Commercial banks and other 0 0 281 181 209 278 292 288 Memo: IBRD 239 65 5 0 0 0 0 0 IDA 60 276 654 811 998 1,167 1,136 256 Public sector LDOD 8,313 8,566 5,547 5,680 6,011 4,125 4,113 3,424 Private sector LDOD 0 0 226 74 91 278 292 289 DISBURSEMENTS 577 277 500 287 333 367 291 282 Public and publicly guaranteed 577 277 215 220 259 299 230 282 Official creditors 554 258 213 212 252 299 227 282 Multilateral 7 177 170 202 227 285 215 253 Concessional 0 117 168 202 227 285 214 210 Bilateral 546 80 43 11 25 13 12 29 Concessional 370 67 34 11 25 13 12 29 Private creditors 23 20 2 8 7 1 3 0 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 0 20 0 7 6 0 3 0 Private nonguaranteed 0 0 285 66 74 68 61 0 Bonds 0 0 0 0 0 0 0 0 Commercial banks and other 0 0 285 66 74 68 61 0 Memo: IBRD 0 0 0 0 0 0 0 0 IDA 0 18 87 72 112 126 63 61 PRINCIPAL REPAYMENTS 4 190 183 100 126 71 110 62 Public and publicly guaranteed 4 190 70 60 74 28 63 59 Official creditors 1 89 61 58 74 28 63 53 Multilateral 1 47 36 10 16 11 21 33 Concessional 0 20 17 6 7 10 12 23 Bilateral 1 42 26 48 58 17 41 20 Concessional 0 2 9 23 43 11 30 15 Private creditors 3 101 8 3 1 0 0 6 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 0 96 5 2 1 0 0 6 Private nonguaranteed 0 0 114 39 52 43 47 3 Bonds 0 0 0 0 0 0 0 0 Commercial banks and other 0 0 114 39 52 43 47 3 Memo: IBRD 1 15 5 0 0 0 0 0 IDA 0 1 2 0 0 0 0 5 INTEREST PAYMENTS (LINT) 5 76 90 43 49 39 46 52 Public and publicly guaranteed 5 76 78 38 42 33 44 51 Official creditors 4 72 75 36 41 32 43 49 Multilateral 1 33 64 16 18 22 27 33 Concessional 0 11 37 10 13 21 23 29 Bilateral 3 39 12 21 23 10 16 16 Concessional 0 19 7 16 20 10 15 16 Private creditors 1 3 3 1 1 0 1 2 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 0 3 2 1 1 0 1 2 Private nonguaranteed 0 0 12 5 6 7 2 1 Bonds 0 0 0 0 0 0 0 0 Commercial banks and other 0 0 12 5 6 7 2 1 Memo: IBRD 1 6 1 0 0 0 0 0 IDA 0 2 5 2 3 6 7 5 286 NICARAGUA (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 6. CURRENCY COMPOSITION OF PUBLIC AND PUBLICLY GUARANTEED DEBT (PERCENT) Euro .. .. .. 12.0 12.7 1.0 1.1 1.5 Japanese yen 0.0 1.3 2.3 2.0 2.0 0.0 0.0 0.0 Pound sterling 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Swiss franc 0.0 0.0 0.0 0.0 0.0 0.1 0.1 0.1 U.S.dollars 79.9 72.7 71.7 72.7 72.6 80.4 81.3 77.4 7. DEBT RESTRUCTURINGS Total amount rescheduled 30 263 149 78 110 176 0 0 Debt stock rescheduled 0 0 0 0 0 0 0 0 Principal rescheduled 0 210 94 42 37 177 3 0 Official 0 148 82 42 37 177 2 0 Private 0 61 12 1 0 0 1 0 Interest rescheduled 30 77 62 36 19 1 1 0 Official 30 40 58 35 19 1 1 0 Private 0 37 3 1 0 0 0 0 Debt forgiven 0 438 28 289 251 423 43 42 Memo: interest forgiven 0 723 7 172 173 179 19 11 Debt stock reduction 0 1,200 0 0 0 1,154 0 970 of which debt buyback 0 89 0 0 0 0 0 0 8. DEBT STOCK-FLOW RECONCILIATION Total change in debt stocks 1,060 -1,606 -56 74 428 -1,766 -2 -753 Net flows on debt 593 88 341 188 257 301 215 284 Cross-currency valuation 83 -58 -119 166 244 98 -125 -1,200 9. AVERAGE TERMS OF NEW COMMITMENTS ALL CREDITORS Interest (%) 4.6 2.7 1.5 1.9 1.2 1.0 1.4 3.0 Maturity (years) 12.1 30.6 37.1 35.4 35.0 38.3 32.8 27.2 Grace period (years) 1.7 7.9 9.8 9.9 9.2 9.8 9.0 7.7 Grant element (%) 23.6 58.9 71.6 67.0 72.6 76.7 69.2 53.7 Official creditors Interest (%) 4.4 2.3 1.6 1.9 1.2 1.0 1.4 3.0 Maturity (years) 12.4 32.2 36.9 35.4 35.0 38.3 32.8 27.2 Grace period (years) 1.8 8.4 9.7 9.9 9.2 9.8 9.0 7.7 Grant element (%) 24.5 62.5 70.8 67.0 72.6 76.7 69.2 53.7 Private creditors Interest (%) 9.4 7.4 0.7 0.0 0.0 0.0 0.0 0.0 Maturity (years) 4.9 9.0 39.9 0.0 0.0 0.0 0.0 0.0 Grace period (years) 0.4 1.0 10.5 0.0 0.0 0.0 0.0 0.0 Grant element (%) 0.9 8.6 80.5 0.0 0.0 0.0 0.0 0.0 10. CONTRACTUAL OBLIGATIONS ON OUTSTANDING LONG-TERM DEBT 2007 2008 2009 2010 2011 2012 2013 2014 TOTAL Principal 325 181 196 192 121 129 142 128 Interest 70 65 64 61 59 56 52 49 Official creditors Principal 247 104 119 115 114 122 135 121 Interest 68 63 61 59 57 54 51 48 Bilateral creditors Principal 45 47 52 43 37 35 43 28 Interest 20 19 18 16 15 14 13 12 Multilateral creditors Principal 202 57 67 72 77 87 92 93 Interest 48 44 44 43 42 40 38 36 Private creditors Principal 78 77 77 77 8 8 7 6 Interest 3 2 2 2 2 1 1 1 Notes: Nicaragua was granted debt relief effective in 2006 under the Multilateral Debt Relief Initiative. 287 NIGER (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 1. SUMMARY DEBT DATA TOTAL DEBT STOCKS (EDT) 1,726 1,572 1,677 1,787 2,070 1,973 1,980 805 Long-term debt (LDOD) 1,487 1,448 1,531 1,652 1,929 1,829 1,811 729 Public and publicly guaranteed 1,226 1,315 1,463 1,599 1,883 1,790 1,778 703 Private nonguaranteed 261 133 68 54 46 39 33 26 Use of IMF credit 85 52 74 106 131 135 128 27 Short-term debt 154 72 72 28 10 9 41 49 of which interest arrears on LDOD 31 53 60 27 7 3 38 40 Official creditors 16 53 60 27 7 3 38 40 Private creditors 16 0 0 0 0 0 0 0 Memorandum items Principal arrears on LDOD 80 74 97 68 46 17 62 62 Official creditors 39 74 97 68 46 17 62 62 Private creditors 41 0 0 0 0 0 0 0 TOTAL DEBT FLOWS Disbursements 148 28 87 143 141 142 153 118 Long-term debt 139 28 76 121 117 129 136 110 IMF purchases 9 0 11 22 24 13 17 9 Principal repayments 63 41 16 17 22 29 24 170 Long-term debt 47 31 14 15 17 23 18 55 IMF repurchases 16 10 2 2 5 7 5 114 Net flows on debt 123 -9 52 121 120 116 127 -45 of which short-term debt 38 4 -20 -4 2 3 -3 6 Interest payments (INT) 36 15 10 9 11 13 14 12 Long-term debt 23 13 8 8 10 12 13 11 IMF charges 3 1 0 0 1 1 0 0 Short-term debt 9 1 2 0 0 0 0 0 Net transfers on debt 87 -24 41 113 109 102 113 -57 Total debt service paid (TDS) 99 56 26 26 33 43 38 181 Long-term debt 71 43 22 23 28 35 32 67 IMF repurchases and charges 19 11 2 3 6 7 6 114 Short-term debt (interest only) 9 1 2 0 0 0 0 0 2. OTHER NET RESOURCE FLOWS (LONG-TERM) Net flow of long-term debt (ex. IMF) 91 -3 62 106 100 107 118 54 Foreign direct investment (net) 41 7 8 2 15 26 44 20 Portfolio equity flows 0 0 1 0 0 4 1 1 Grants (excluding technical coop.) 226 170 112 148 291 447 382 1,451 of which: Debt forgiveness grants .. .. 22 25 142 203 51 1,163 IDA grants .. .. .. 0 4 8 30 28 Memo: technical coop. grants 101 109 45 52 58 60 64 106 Interest on long-term debt 23 13 8 8 10 12 13 11 Profit remittances on FDI 23 4 2 3 9 16 21 0 3. MAJOR ECONOMIC AGGREGATES Gross national income (GNI) 2,423 1,830 1,782 2,146 2,718 3,039 3,397 3,647 Exports of goods, serv. & inc. (XGS) 566 333 338 352 444 599 648 .. Worker remit. & comp. of employees 14 8 14 19 26 60 66 66 Imports of goods & services (MGS) 803 510 485 561 724 891 1,095 .. International reserves (RES) 226 95 80 134 260 258 250 371 Current account balance -236 -152 -104 -165 -219 -231 -312 .. 4. DEBT INDICATORS EDT / XGS (%) 304.7 471.4 495.7 507.6 466.3 329.1 305.7 .. EDT / GNI (%) 71.2 85.9 94.1 83.2 76.2 64.9 58.3 22.1 TDS / XGS (%) 17.4 16.7 7.7 7.4 7.5 7.1 5.9 .. INT / XGS (%) 6.3 4.4 3.0 2.4 2.5 2.2 2.2 .. INT / GNI (%) 1.5 0.8 0.6 0.4 0.4 0.4 0.4 0.3 RES / EDT (%) 13.1 6.0 4.8 7.5 12.6 13.1 12.6 46.1 RES / MGS (months) 3.4 2.2 2.0 2.9 4.3 3.5 2.7 .. Short-term / EDT (%) 8.9 4.6 4.3 1.5 0.5 0.5 2.1 6.1 Concessional / EDT (%) 48.3 64.2 73.0 80.4 79.9 89.1 88.4 84.2 Multilateral / EDT (%) 40.6 55.6 61.0 68.1 68.9 80.7 79.6 63.4 288 NIGER (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 5. LONG-TERM DEBT DEBT OUTSTANDING (LDOD) 1,487 1,448 1,531 1,652 1,929 1,829 1,811 729 Public and publicly guaranteed 1,226 1,315 1,463 1,599 1,883 1,790 1,778 703 Official creditors 1,115 1,315 1,463 1,599 1,883 1,790 1,778 703 Multilateral 701 874 1,022 1,216 1,427 1,592 1,576 510 Concessional 656 835 994 1,202 1,415 1,568 1,557 493 Bilateral 413 441 440 383 456 198 202 193 Concessional 178 174 230 234 238 190 194 185 Private creditors 111 0 0 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 109 0 0 0 0 0 0 0 Private nonguaranteed 261 133 68 54 46 39 33 26 Bonds 0 0 0 0 0 0 0 0 Commercial banks and other 261 133 68 54 46 39 33 26 Memo: IBRD 0 0 0 0 0 0 0 0 IDA 461 598 723 867 1,007 1,106 1,080 189 Public sector LDOD 1,223 1,315 1,463 1,599 1,883 1,790 1,778 703 Private sector LDOD 264 133 68 54 46 39 33 26 DISBURSEMENTS 139 28 76 121 117 129 136 110 Public and publicly guaranteed 96 28 76 121 117 129 136 110 Official creditors 90 28 76 121 117 129 136 110 Multilateral 69 28 76 117 117 129 134 107 Concessional 69 28 71 117 117 112 132 107 Bilateral 21 0 0 3 0 1 2 3 Concessional 21 0 0 3 0 1 2 3 Private creditors 5 0 0 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 5 0 0 0 0 0 0 0 Private nonguaranteed 43 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 Commercial banks and other 43 0 0 0 0 0 0 0 Memo: IBRD 0 0 0 0 0 0 0 0 IDA 55 24 68 69 73 65 65 55 PRINCIPAL REPAYMENTS 47 31 14 15 17 23 18 55 Public and publicly guaranteed 10 7 12 7 9 16 12 49 Official creditors 9 7 12 7 9 16 12 49 Multilateral 7 7 10 6 7 12 12 35 Concessional 3 6 10 5 5 11 8 33 Bilateral 2 0 2 1 2 4 0 13 Concessional 2 0 1 1 2 4 0 13 Private creditors 2 0 0 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 Private nonguaranteed 37 24 2 8 8 7 7 7 Bonds 0 0 0 0 0 0 0 0 Commercial banks and other 37 24 2 8 8 7 7 7 Memo: IBRD 0 0 0 0 0 0 0 0 IDA 1 3 8 1 2 2 1 8 INTEREST PAYMENTS (LINT) 23 13 8 8 10 12 13 11 Public and publicly guaranteed 7 7 8 7 10 11 12 9 Official creditors 7 7 8 7 10 11 12 9 Multilateral 6 7 7 6 8 11 12 9 Concessional 4 6 7 6 8 11 11 8 Bilateral 1 0 1 0 1 0 0 1 Concessional 1 0 0 0 1 0 0 1 Private creditors 0 0 0 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 Private nonguaranteed 16 6 0 1 1 1 2 2 Bonds 0 0 0 0 0 0 0 0 Commercial banks and other 16 6 0 1 1 1 2 2 Memo: IBRD 0 0 0 0 0 0 0 0 IDA 3 5 6 5 6 7 6 5 289 NIGER (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 6. CURRENCY COMPOSITION OF PUBLIC AND PUBLICLY GUARANTEED DEBT (PERCENT) Euro .. .. .. 22.2 23.2 12.5 11.3 4.1 Japanese yen 1.3 4.5 1.8 1.4 1.3 0.0 0.0 0.0 Pound sterling 0.8 1.0 1.2 1.0 0.9 0.0 0.0 0.0 Swiss franc 0.0 0.3 0.0 0.0 0.0 0.0 0.0 0.0 U.S.dollars 27.1 37.2 47.2 52.4 51.5 58.6 57.7 41.6 7. DEBT RESTRUCTURINGS Total amount rescheduled 29 5 28 85 0 71 0 0 Debt stock rescheduled 0 0 18 16 0 37 0 0 Principal rescheduled 12 1 5 49 2 16 0 0 Official 12 1 5 49 2 16 0 0 Private 0 0 0 0 0 0 0 0 Interest rescheduled 16 1 1 20 0 2 0 0 Official 16 1 1 20 0 2 0 0 Private 0 0 0 0 0 0 0 0 Debt forgiven 0 4 0 22 21 282 16 8 Memo: interest forgiven 0 0 0 5 12 2 3 1 Debt stock reduction 0 0 0 0 0 0 0 1,197 of which debt buyback 0 0 0 0 0 0 0 0 8. DEBT STOCK-FLOW RECONCILIATION Total change in debt stocks 230 62 5 199 283 -97 7 -1,175 Net flows on debt 123 -9 52 121 120 116 127 -45 Cross-currency valuation 36 -37 -62 99 131 68 -121 -1,027 9. AVERAGE TERMS OF NEW COMMITMENTS ALL CREDITORS Interest (%) 1.9 0.6 0.7 1.3 1.0 1.2 0.9 0.8 Maturity (years) 31.9 33.5 36.5 32.4 38.8 31.4 36.1 37.9 Grace period (years) 9.2 8.4 9.4 7.9 9.2 7.9 9.1 8.6 Grant element (%) 65.0 70.9 74.7 69.0 74.5 70.4 75.8 77.0 Official creditors Interest (%) 1.9 0.6 0.7 1.3 1.0 1.2 0.9 0.8 Maturity (years) 31.9 33.5 36.5 32.4 38.8 31.4 36.1 37.9 Grace period (years) 9.2 8.4 9.4 7.9 9.2 7.9 9.1 8.6 Grant element (%) 65.0 70.9 74.7 69.0 74.5 70.4 75.8 77.0 Private creditors Interest (%) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Maturity (years) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Grace period (years) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Grant element (%) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 10. CONTRACTUAL OBLIGATIONS ON OUTSTANDING LONG-TERM DEBT 2007 2008 2009 2010 2011 2012 2013 2014 TOTAL Principal 43 40 35 33 29 35 29 31 Interest 10 10 10 10 9 9 8 8 Official creditors Principal 37 33 29 26 29 35 29 31 Interest 9 9 9 9 9 9 8 8 Bilateral creditors Principal 7 7 5 3 3 5 5 5 Interest 2 2 2 2 2 2 1 1 Multilateral creditors Principal 29 26 24 23 26 30 24 25 Interest 7 7 7 7 7 7 7 7 Private creditors Principal 7 7 7 7 0 0 0 0 Interest 2 1 1 0 0 0 0 0 Notes: Niger was granted debt relief effective in 2006 under the Multilateral Debt Relief Initiative. 290 NIGERIA (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 1. SUMMARY DEBT DATA TOTAL DEBT STOCKS (EDT) 33,439 34,092 31,355 30,476 34,700 37,883 22,178 7,693 Long-term debt (LDOD) 31,935 28,441 30,235 28,206 31,350 32,637 20,342 3,800 Public and publicly guaranteed 31,545 28,140 30,020 28,057 31,350 32,637 20,342 3,800 Private nonguaranteed 391 301 215 149 0 0 0 0 Use of IMF credit 0 0 0 0 0 0 0 0 Short-term debt 1,504 5,651 1,120 2,270 3,350 5,246 1,836 3,893 of which interest arrears on LDOD 1,040 4,717 44 1,475 2,608 3,895 3 3 Official creditors 465 4,211 43 1,475 2,607 3,893 3 3 Private creditors 575 506 0 0 1 2 0 0 Memorandum items Principal arrears on LDOD 1,091 8,102 117 957 1,360 1,899 3 3 Official creditors 194 6,545 114 953 1,357 1,889 3 3 Private creditors 897 1,557 3 3 3 10 0 0 TOTAL DEBT FLOWS Disbursements 927 433 153 81 208 315 394 644 Long-term debt 927 433 153 81 208 315 394 644 IMF purchases 0 0 0 0 0 0 0 0 Principal repayments 1,180 918 1,091 1,148 1,218 1,165 3,874 6,422 Long-term debt 1,180 918 1,091 1,148 1,218 1,165 3,874 6,422 IMF repurchases 0 0 0 0 0 0 0 0 Net flows on debt -34 -559 -696 -1,501 -1,063 -242 -2,998 -3,721 of which short-term debt 219 -73 241 -433 -53 609 482 2,057 Interest payments (INT) 2,155 915 754 342 425 566 5,007 383 Long-term debt 2,123 859 690 324 409 545 4,943 269 IMF charges 0 0 0 0 0 0 0 0 Short-term debt 32 56 64 18 15 21 64 114 Net transfers on debt -2,190 -1,474 -1,451 -1,842 -1,487 -808 -8,005 -4,104 Total debt service paid (TDS) 3,336 1,833 1,845 1,490 1,642 1,731 8,881 6,805 Long-term debt 3,304 1,777 1,781 1,472 1,627 1,710 8,818 6,691 IMF repurchases and charges 0 0 0 0 0 0 0 0 Short-term debt (interest only) 32 56 64 18 15 21 64 114 2. OTHER NET RESOURCE FLOWS (LONG-TERM) Net flow of long-term debt (ex. IMF) -253 -486 -937 -1,068 -1,010 -850 -3,481 -5,778 Foreign direct investment (net) 588 1,079 1,140 1,874 2,005 1,874 2,013 5,445 Portfolio equity flows 0 0 0 0 0 0 0 0 Grants (excluding technical coop.) 125 33 49 105 113 158 5,846 11,383 of which: Debt forgiveness grants .. .. 2 0 0 0 5,548 9,666 IDA grants .. .. .. 0 0 0 0 0 Memo: technical coop. grants 94 79 69 137 166 251 212 324 Interest on long-term debt 2,123 859 690 324 409 545 4,943 269 Profit remittances on FDI 135 1,330 2,279 1,937 3,325 2,689 7,437 0 3. MAJOR ECONOMIC AGGREGATES Gross national income (GNI) 25,585 25,888 40,256 40,806 50,468 60,304 83,295 100,746 Exports of goods, serv. & inc. (XGS) 14,771 13,246 22,574 19,530 28,594 40,532 56,266 .. Worker remit. & comp. of employees 10 804 1,392 1,209 1,063 2,273 3,329 3,329 Imports of goods & services (MGS) 9,858 15,820 15,383 18,651 25,191 23,671 32,046 .. International reserves (RES) 4,129 1,709 10,099 7,567 7,415 17,257 28,632 42,735 Current account balance 4,988 -2,578 7,429 1,083 3,391 16,840 24,202 .. 4. DEBT INDICATORS EDT / XGS (%) 226.4 257.4 138.9 156.0 121.4 93.5 39.4 .. EDT / GNI (%) 130.7 131.7 77.9 74.7 68.8 62.8 26.6 7.6 TDS / XGS (%) 22.6 13.8 8.2 7.6 5.7 4.3 15.8 .. INT / XGS (%) 14.6 6.9 3.3 1.7 1.5 1.4 8.9 .. INT / GNI (%) 8.4 3.5 1.9 0.8 0.8 0.9 6.0 0.4 RES / EDT (%) 12.3 5.0 32.2 24.8 21.4 45.6 129.1 555.5 RES / MGS (months) 5.0 1.3 7.9 4.9 3.5 8.7 10.7 .. Short-term / EDT (%) 4.5 16.6 3.6 7.4 9.7 13.8 8.3 50.6 Concessional / EDT (%) 1.6 4.0 4.6 4.8 44.6 46.3 48.6 25.9 Multilateral / EDT (%) 11.2 14.5 10.5 9.5 8.6 7.8 12.1 37.1 291 NIGERIA (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 5. LONG-TERM DEBT DEBT OUTSTANDING (LDOD) 31,935 28,441 30,235 28,206 31,350 32,637 20,342 3,800 Public and publicly guaranteed 31,545 28,140 30,020 28,057 31,350 32,637 20,342 3,800 Official creditors 17,007 20,492 26,574 25,538 28,971 30,305 18,159 3,127 Multilateral 3,732 4,944 3,302 2,891 2,984 2,964 2,681 2,852 Concessional 36 339 755 831 947 1,132 1,297 1,715 Bilateral 13,275 15,548 23,272 22,646 25,987 27,341 15,479 275 Concessional 485 1,038 702 640 14,539 16,399 9,479 275 Private creditors 14,537 7,648 3,446 2,519 2,379 2,332 2,183 673 of which: Bonds 0 2,051 2,051 1,441 1,442 1,442 1,442 0 Commercial banks 5,714 0 0 0 16 20 11 0 Private nonguaranteed 391 301 215 149 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 Commercial banks and other 391 301 215 149 0 0 0 0 Memo: IBRD 3,284 3,221 1,625 1,275 1,201 1,027 722 534 IDA 36 268 644 676 787 967 1,136 1,541 Public sector LDOD 31,545 28,077 29,964 28,012 31,308 32,599 20,313 3,776 Private sector LDOD 391 365 271 194 43 38 29 24 DISBURSEMENTS 927 433 153 81 208 315 394 644 Public and publicly guaranteed 927 433 153 81 208 315 394 644 Official creditors 642 433 153 81 206 273 386 554 Multilateral 542 433 153 81 179 223 327 429 Concessional 7 99 68 46 65 157 276 371 Bilateral 100 0 0 0 27 50 59 125 Concessional 100 0 0 0 27 50 59 125 Private creditors 285 0 0 0 1 42 8 90 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 Commercial banks and other 0 0 0 0 0 0 0 0 Memo: IBRD 384 189 31 1 0 0 0 0 IDA 7 86 55 19 63 156 265 362 PRINCIPAL REPAYMENTS 1,180 918 1,091 1,148 1,218 1,165 3,874 6,422 Public and publicly guaranteed 1,165 908 1,056 1,116 1,218 1,165 3,874 6,422 Official creditors 774 470 914 506 969 1,029 3,696 4,830 Multilateral 246 470 404 305 350 364 379 368 Concessional 1 2 5 12 18 21 21 21 Bilateral 528 0 510 202 619 665 3,317 4,461 Concessional 5 0 0 26 116 91 1,873 2,885 Private creditors 391 438 142 610 249 136 179 1,592 of which: Bonds 0 0 0 452 0 0 0 1,442 Commercial banks 388 0 0 0 3 1 3 1 Private nonguaranteed 15 10 35 32 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 Commercial banks and other 15 10 35 32 0 0 0 0 Memo: IBRD 241 392 273 178 203 216 224 211 IDA 1 1 4 11 17 19 19 19 INTEREST PAYMENTS (LINT) 2,123 859 690 324 409 545 4,943 269 Public and publicly guaranteed 2,120 840 673 313 409 545 4,943 269 Official creditors 1,300 323 516 160 315 408 4,724 101 Multilateral 262 323 190 143 137 120 104 96 Concessional 0 2 5 6 7 13 14 16 Bilateral 1,038 0 326 17 178 288 4,620 5 Concessional 312 0 0 3 15 91 2,839 5 Private creditors 820 516 157 153 94 137 220 168 of which: Bonds 0 128 128 128 90 90 170 143 Commercial banks 378 0 0 0 1 0 3 0 Private nonguaranteed 3 19 18 11 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 Commercial banks and other 3 19 18 11 0 0 0 0 Memo: IBRD 243 266 103 70 62 49 39 33 IDA 0 2 5 5 5 11 12 14 292 NIGERIA (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 6. CURRENCY COMPOSITION OF PUBLIC AND PUBLICLY GUARANTEED DEBT (PERCENT) Euro .. .. .. 2.2 39.4 41.9 36.0 3.8 Japanese yen 8.2 12.6 2.3 2.1 12.4 12.1 9.9 0.0 Pound sterling 11.8 9.9 1.5 1.3 16.5 16.8 17.1 0.3 Swiss franc 0.7 0.6 0.0 0.1 2.4 1.8 1.9 0.0 U.S.dollars 38.8 29.6 85.1 86.2 22.0 21.0 27.0 55.1 7. DEBT RESTRUCTURINGS Total amount rescheduled 1,480 0 20,920 0 0 109 0 1 Debt stock rescheduled 0 0 0 0 0 0 0 0 Principal rescheduled 1,280 0 12,027 0 0 0 0 0 Official 1,090 0 10,024 0 0 0 0 0 Private 191 0 2,003 0 0 0 0 0 Interest rescheduled 169 0 8,471 0 0 0 0 0 Official 149 0 7,920 0 0 0 0 0 Private 21 0 551 0 0 0 0 0 Debt forgiven 0 0 0 0 0 0 7,284 10,887 Memo: interest forgiven 0 0 0 0 0 0 0 4 Debt stock reduction 286 95 0 610 0 0 0 0 of which debt buyback 0 0 0 452 0 0 0 0 8. DEBT STOCK-FLOW RECONCILIATION Total change in debt stocks 3,317 1,000 2,227 -566 4,224 3,183 -15,705 -14,485 Net flows on debt -34 -559 -696 -1,501 -1,063 -242 -2,998 -3,721 Cross-currency valuation 2,014 606 -1,189 392 408 1,625 -3,143 1,375 9. AVERAGE TERMS OF NEW COMMITMENTS ALL CREDITORS Interest (%) 6.6 0.0 1.0 3.3 0.8 0.8 1.0 1.9 Maturity (years) 19.0 0.0 32.9 12.3 35.6 34.8 34.6 26.7 Grace period (years) 5.2 0.0 9.7 3.6 9.9 10.1 9.4 6.7 Grant element (%) 23.0 0.0 74.7 30.9 78.6 78.6 73.9 56.5 Official creditors Interest (%) 5.8 0.0 1.0 2.5 0.8 0.8 1.0 1.9 Maturity (years) 22.4 0.0 32.9 15.6 35.6 34.8 34.6 26.7 Grace period (years) 6.1 0.0 9.7 5.0 9.9 10.1 9.4 6.7 Grant element (%) 30.3 0.0 74.7 40.6 78.6 78.6 73.9 56.5 Private creditors Interest (%) 7.9 0.0 0.0 4.1 0.0 0.0 0.0 0.0 Maturity (years) 13.1 0.0 0.0 8.8 0.0 0.0 0.0 0.0 Grace period (years) 3.7 0.0 0.0 2.1 0.0 0.0 0.0 0.0 Grant element (%) 10.4 0.0 0.0 20.2 0.0 0.0 0.0 0.0 10. CONTRACTUAL OBLIGATIONS ON OUTSTANDING LONG-TERM DEBT 2007 2008 2009 2010 2011 2012 2013 2014 TOTAL Principal 644 602 488 360 220 182 136 120 Interest 121 99 76 53 41 33 27 24 Official creditors Principal 384 400 286 236 174 136 136 120 Interest 96 78 60 47 37 31 27 24 Bilateral creditors Principal 20 56 56 56 56 56 50 36 Interest 8 10 9 7 5 4 2 1 Multilateral creditors Principal 364 344 230 180 118 80 86 83 Interest 88 68 51 40 32 27 25 23 Private creditors Principal 260 202 202 124 46 46 0 0 Interest 24 20 16 7 4 2 0 0 Notes: Historical data from 1992 to 2002 are World Bank staff estimates. Rescheduling: Data include the effects of Paris Club debt restructuring agreement signed in 2005. 293 OMAN (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 1. SUMMARY DEBT DATA TOTAL DEBT STOCKS (EDT) 2,736 5,776 6,564 4,708 3,978 3,887 4,027 4,819 Long-term debt (LDOD) 2,400 5,235 5,266 3,520 2,734 2,580 2,360 2,866 Public and publicly guaranteed 2,400 2,637 2,970 2,049 1,573 1,224 847 819 Private nonguaranteed 0 2,598 2,296 1,471 1,161 1,356 1,513 2,047 Use of IMF credit 0 0 0 0 0 0 0 0 Short-term debt 335 541 1,299 1,188 1,244 1,307 1,667 1,953 of which interest arrears on LDOD 1 2 0 0 0 0 0 0 Official creditors 1 2 0 0 0 0 0 0 Private creditors 0 0 0 0 0 0 0 0 Memorandum items Principal arrears on LDOD 3 35 4 17 11 0 0 0 Official creditors 3 29 0 12 8 0 0 0 Private creditors 0 6 4 5 3 0 0 0 TOTAL DEBT FLOWS Disbursements 125 637 527 289 299 642 1,117 642 Long-term debt 125 637 527 289 299 642 1,117 642 IMF purchases 0 0 0 0 0 0 0 0 Principal repayments 536 583 479 1,535 1,123 807 1,308 139 Long-term debt 536 583 479 1,535 1,123 807 1,308 139 IMF repurchases 0 0 0 0 0 0 0 0 Net flows on debt -425 116 -489 -1,323 -767 -102 169 790 of which short-term debt -14 62 -537 -77 56 63 360 286 Interest payments (INT) 203 370 385 214 163 198 205 171 Long-term debt 177 349 298 161 126 148 148 111 IMF charges 0 0 0 0 0 0 0 0 Short-term debt 25 20 87 53 36 50 57 60 Net transfers on debt -627 -253 -874 -1,537 -930 -301 -35 618 Total debt service paid (TDS) 739 953 864 1,748 1,285 1,005 1,512 310 Long-term debt 714 933 777 1,696 1,249 955 1,455 250 IMF repurchases and charges 0 0 0 0 0 0 0 0 Short-term debt (interest only) 25 20 87 53 36 50 57 60 2. OTHER NET RESOURCE FLOWS (LONG-TERM) Net flow of long-term debt (ex. IMF) -411 54 48 -1,246 -823 -165 -191 504 Foreign direct investment (net) 142 46 82 122 494 229 900 952 Portfolio equity flows 0 0 -10 -101 13 161 216 1,020 Grants (excluding technical coop.) 57 15 35 38 39 42 24 23 of which: Debt forgiveness grants .. .. 0 0 0 0 0 0 IDA grants .. .. .. 0 0 0 0 0 Memo: technical coop. grants 13 17 15 5 5 8 10 7 Interest on long-term debt 177 349 298 161 126 148 148 111 Profit remittances on FDI 390 507 830 1,040 1,251 1,365 2,401 2,622 3. MAJOR ECONOMIC AGGREGATES Gross national income (GNI) 11,380 13,406 19,115 19,571 20,904 23,823 29,909 .. Exports of goods, serv. & inc. (XGS) 5,990 6,442 12,061 12,018 12,559 14,765 20,109 23,701 Worker remit. & comp. of employees 39 39 39 39 39 39 39 39 Imports of goods & services (MGS) 3,971 5,734 7,480 8,720 9,624 12,137 13,676 16,536 International reserves (RES) 1,784 1,943 2,460 3,174 3,594 3,598 4,358 5,014 Current account balance 1,106 -801 3,129 1,696 1,263 802 4,176 4,377 4. DEBT INDICATORS EDT / XGS (%) 45.7 89.7 54.4 39.2 31.7 26.3 20.0 20.3 EDT / GNI (%) 24.0 43.1 34.3 24.1 19.0 16.3 13.5 .. TDS / XGS (%) 12.3 14.8 7.2 14.5 10.2 6.8 7.5 1.3 INT / XGS (%) 3.4 5.7 3.2 1.8 1.3 1.3 1.0 0.7 INT / GNI (%) 1.8 2.8 2.0 1.1 0.8 0.8 0.7 .. RES / EDT (%) 65.2 33.6 37.5 67.4 90.3 92.6 108.2 104.1 RES / MGS (months) 5.4 4.1 3.9 4.4 4.5 3.6 3.8 3.6 Short-term / EDT (%) 12.3 9.4 19.8 25.2 31.3 33.6 41.4 40.5 Concessional / EDT (%) 8.9 9.9 13.3 23.4 27.4 25.0 18.4 14.4 Multilateral / EDT (%) 4.7 3.4 7.9 17.2 19.6 16.6 11.4 8.7 294 OMAN (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 5. LONG-TERM DEBT DEBT OUTSTANDING (LDOD) 2,400 5,235 5,266 3,520 2,734 2,580 2,360 2,866 Public and publicly guaranteed 2,400 2,637 2,970 2,049 1,573 1,224 847 819 Official creditors 327 665 983 1,214 1,205 1,077 842 817 Multilateral 129 199 520 809 778 646 459 421 Concessional 49 108 457 766 742 634 459 421 Bilateral 198 466 463 406 426 430 383 397 Concessional 194 461 417 336 349 339 282 275 Private creditors 2,073 1,972 1,987 834 369 147 5 2 of which: Bonds 0 0 225 0 0 0 0 0 Commercial banks 1,720 1,470 1,480 510 133 23 0 0 Private nonguaranteed 0 2,598 2,296 1,471 1,161 1,356 1,513 2,047 Bonds 0 0 0 0 0 550 550 575 Commercial banks and other 0 2,598 2,296 1,471 1,161 806 963 1,472 Memo: IBRD 52 25 3 0 0 0 0 0 IDA 0 0 0 0 0 0 0 0 Public sector LDOD 2,400 2,637 2,970 2,049 1,573 1,224 847 819 Private sector LDOD 0 2,598 2,296 1,471 1,161 1,356 1,513 2,047 DISBURSEMENTS 125 637 527 289 299 642 1,117 642 Public and publicly guaranteed 125 322 394 119 70 51 84 57 Official creditors 34 117 89 99 39 35 84 55 Multilateral 22 58 23 13 5 4 0 9 Concessional 12 37 21 13 5 4 0 9 Bilateral 13 58 66 85 34 31 84 47 Concessional 13 58 20 85 34 20 61 25 Private creditors 91 205 305 21 31 17 0 2 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 0 132 263 0 0 0 0 0 Private nonguaranteed 0 315 133 170 229 590 1,033 585 Bonds 0 0 0 0 0 550 0 25 Commercial banks and other 0 315 133 170 229 40 1,033 560 Memo: IBRD 9 0 0 0 0 0 0 0 IDA 0 0 0 0 0 0 0 0 PRINCIPAL REPAYMENTS 536 583 479 1,535 1,123 807 1,308 139 Public and publicly guaranteed 536 281 234 769 583 411 432 87 Official creditors 46 48 64 186 84 171 291 82 Multilateral 30 23 24 25 52 139 183 50 Concessional 10 10 14 13 43 115 171 50 Bilateral 16 24 40 162 33 33 108 32 Concessional 15 24 39 162 33 33 108 32 Private creditors 490 234 170 582 499 240 141 5 of which: Bonds 0 0 0 225 0 0 0 0 Commercial banks 370 178 32 271 378 109 23 0 Private nonguaranteed 0 302 245 766 539 395 876 51 Bonds 0 0 0 0 0 0 0 0 Commercial banks and other 0 302 245 766 539 395 876 51 Memo: IBRD 16 9 3 1 0 0 0 0 IDA 0 0 0 0 0 0 0 0 INTEREST PAYMENTS (LINT) 177 349 298 161 126 148 148 111 Public and publicly guaranteed 177 184 155 97 77 63 52 33 Official creditors 14 29 32 53 55 52 47 33 Multilateral 6 11 14 41 44 40 33 20 Concessional 0 6 10 36 38 36 32 20 Bilateral 8 18 18 12 11 12 14 13 Concessional 8 18 18 12 11 11 13 13 Private creditors 163 155 123 44 22 10 5 0 of which: Bonds 0 0 16 8 0 0 0 0 Commercial banks 133 109 79 17 10 1 1 0 Private nonguaranteed 0 166 143 64 49 85 96 78 Bonds 0 0 0 0 0 19 21 31 Commercial banks and other 0 166 143 64 49 67 75 47 Memo: IBRD 5 2 0 0 0 0 0 0 IDA 0 0 0 0 0 0 0 0 295 OMAN (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 6. CURRENCY COMPOSITION OF PUBLIC AND PUBLICLY GUARANTEED DEBT (PERCENT) Euro .. .. .. 0.0 0.0 0.0 0.0 0.2 Japanese yen 7.3 15.2 5.2 3.0 4.9 7.3 11.7 12.8 Pound sterling 5.5 9.6 1.0 0.0 1.0 1.4 0.6 0.0 Swiss franc 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 U.S.dollars 75.5 61.1 76.7 71.3 61.1 57.2 60.0 59.0 7. DEBT RESTRUCTURINGS Total amount rescheduled 0 0 0 0 0 0 0 0 Debt stock rescheduled 0 0 0 0 0 0 0 0 Principal rescheduled 0 0 0 0 0 0 0 0 Official 0 0 0 0 0 0 0 0 Private 0 0 0 0 0 0 0 0 Interest rescheduled 0 0 0 0 0 0 0 0 Official 0 0 0 0 0 0 0 0 Private 0 0 0 0 0 0 0 0 Debt forgiven 0 0 0 0 0 0 0 0 Memo: interest forgiven 0 0 0 0 0 0 0 0 Debt stock reduction 0 0 0 0 0 0 0 0 of which debt buyback 0 0 0 0 0 0 0 0 8. DEBT STOCK-FLOW RECONCILIATION Total change in debt stocks -233 108 -275 -1,313 -730 -92 141 792 Net flows on debt -425 116 -489 -1,323 -767 -102 169 790 Cross-currency valuation 39 -13 -38 32 27 11 -17 4 9. AVERAGE TERMS OF NEW COMMITMENTS ALL CREDITORS Interest (%) 7.5 4.6 5.4 1.8 4.3 0.0 4.1 4.5 Maturity (years) 16.5 16.8 10.6 6.1 20.3 17.0 14.1 22.2 Grace period (years) 4.0 3.3 2.4 1.5 4.0 5.0 3.2 4.4 Grant element (%) 13.4 31.7 20.9 24.6 36.7 62.8 31.2 36.7 Official creditors Interest (%) 1.9 4.6 4.3 1.6 4.3 0.0 3.4 4.5 Maturity (years) 16.7 16.8 15.4 6.7 20.3 17.0 20.0 22.2 Grace period (years) 4.5 3.3 3.4 1.8 4.0 5.0 4.1 4.4 Grant element (%) 45.1 31.7 31.6 27.0 36.7 62.8 42.1 36.7 Private creditors Interest (%) 8.0 0.0 6.7 2.4 0.0 0.0 4.3 0.0 Maturity (years) 16.5 0.0 4.2 3.3 0.0 0.0 12.1 0.0 Grace period (years) 4.0 0.0 1.0 0.3 0.0 0.0 2.9 0.0 Grant element (%) 10.5 0.0 6.7 12.1 0.0 0.0 27.5 0.0 10. CONTRACTUAL OBLIGATIONS ON OUTSTANDING LONG-TERM DEBT 2007 2008 2009 2010 2011 2012 2013 2014 TOTAL Principal 1,491 435 1,108 212 240 214 190 187 Interest 163 152 189 74 66 56 45 35 Official creditors Principal 300 333 301 166 169 168 163 160 Interest 49 58 59 57 51 44 36 27 Bilateral creditors Principal 212 270 236 98 99 99 96 94 Interest 30 39 40 38 34 29 23 17 Multilateral creditors Principal 88 63 65 68 70 69 67 66 Interest 19 19 19 19 17 15 13 10 Private creditors Principal 1,191 102 807 46 71 46 27 27 Interest 114 93 130 18 15 12 10 8 Notes: 296 PAKISTAN (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 1. SUMMARY DEBT DATA TOTAL DEBT STOCKS (EDT) 20,663 30,229 32,781 33,586 35,741 35,547 33,173 35,909 Long-term debt (LDOD) 16,643 25,381 29,733 30,014 32,388 32,426 30,451 33,216 Public and publicly guaranteed 16,506 23,788 27,173 28,016 30,769 30,889 29,487 32,309 Private nonguaranteed 138 1,593 2,560 1,998 1,619 1,537 964 907 Use of IMF credit 835 1,613 1,529 2,032 2,108 1,876 1,492 1,462 Short-term debt 3,185 3,235 1,519 1,540 1,245 1,245 1,230 1,230 of which interest arrears on LDOD 1 0 0 0 0 0 0 0 Official creditors 1 0 0 0 0 0 0 0 Private creditors 0 0 0 0 0 0 0 0 Memorandum items Principal arrears on LDOD 15 0 0 0 0 0 0 0 Official creditors 15 0 0 0 0 0 0 0 Private creditors 0 0 0 0 0 0 0 0 TOTAL DEBT FLOWS Disbursements 1,746 3,288 1,838 2,353 1,460 2,682 2,802 3,375 Long-term debt 1,746 3,086 1,644 2,011 973 2,425 2,802 3,375 IMF purchases 0 202 195 343 488 256 0 0 Principal repayments 1,071 2,013 1,869 2,050 2,228 3,513 1,693 1,428 Long-term debt 905 1,837 1,587 1,782 1,634 2,943 1,456 1,321 IMF repurchases 166 176 282 268 595 570 237 107 Net flows on debt 1,089 2,572 -342 530 -1,063 -831 1,094 1,947 of which short-term debt 414 1,297 -311 226 -295 0 -15 0 Interest payments (INT) 831 1,203 985 838 848 747 727 854 Long-term debt 515 955 858 743 788 694 658 790 IMF charges 52 45 49 40 25 21 13 11 Short-term debt 264 202 78 55 35 32 56 54 Net transfers on debt 258 1,369 -1,327 -308 -1,911 -1,579 367 1,093 Total debt service paid (TDS) 1,902 3,216 2,854 2,888 3,076 4,260 2,420 2,282 Long-term debt 1,420 2,792 2,444 2,525 2,421 3,637 2,114 2,111 IMF repurchases and charges 218 221 332 307 619 591 251 118 Short-term debt (interest only) 264 202 78 55 35 32 56 54 2. OTHER NET RESOURCE FLOWS (LONG-TERM) Net flow of long-term debt (ex. IMF) 841 1,249 57 228 -661 -518 1,347 2,054 Foreign direct investment (net) 245 723 308 823 534 1,118 2,201 4,273 Portfolio equity flows 0 10 35 79 -26 49 451 1,152 Grants (excluding technical coop.) 324 188 124 284 1,322 294 882 1,037 of which: Debt forgiveness grants .. .. 9 26 1,000 42 0 1 IDA grants .. .. .. 0 0 1 3 3 Memo: technical coop. grants 318 181 72 199 138 134 195 218 Interest on long-term debt 515 955 858 743 788 694 658 790 Profit remittances on FDI 53 300 429 576 893 1,486 1,871 2,579 3. MAJOR ECONOMIC AGGREGATES Gross national income (GNI) 41,735 61,092 73,025 72,691 85,837 100,157 111,767 129,339 Exports of goods, serv. & inc. (XGS) 8,937 12,112 11,312 15,943 18,980 20,210 24,045 26,487 Worker remit. & comp. of employees 2,006 1,712 1,075 3,554 3,964 3,945 4,280 5,121 Imports of goods & services (MGS) 11,386 16,311 14,484 15,083 17,676 24,610 32,455 39,109 International reserves (RES) 1,046 2,528 2,087 8,796 11,816 10,718 11,109 12,878 Current account balance -1,661 -3,349 -85 3,854 3,573 -817 -3,608 -6,795 4. DEBT INDICATORS EDT / XGS (%) 231.2 249.6 289.8 210.7 188.3 175.9 138.0 135.6 EDT / GNI (%) 49.5 49.5 44.9 46.2 41.6 35.5 29.7 27.8 TDS / XGS (%) 21.3 26.5 25.2 18.1 16.2 21.1 10.1 8.6 INT / XGS (%) 9.3 9.9 8.7 5.3 4.5 3.7 3.0 3.2 INT / GNI (%) 2.0 2.0 1.3 1.2 1.0 0.7 0.7 0.7 RES / EDT (%) 5.1 8.4 6.4 26.2 33.1 30.2 33.5 35.9 RES / MGS (months) 1.1 1.9 1.7 7.0 8.0 5.2 4.1 4.0 Short-term / EDT (%) 15.4 10.7 4.6 4.6 3.5 3.5 3.7 3.4 Concessional / EDT (%) 58.5 53.9 55.0 64.7 66.6 70.8 71.3 70.5 Multilateral / EDT (%) 33.4 40.3 41.1 44.2 45.2 45.8 47.9 49.0 297 PAKISTAN (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 5. LONG-TERM DEBT DEBT OUTSTANDING (LDOD) 16,643 25,381 29,733 30,014 32,388 32,426 30,451 33,216 Public and publicly guaranteed 16,506 23,788 27,173 28,016 30,769 30,889 29,487 32,309 Official creditors 15,791 22,691 25,123 27,227 30,218 30,070 28,185 30,197 Multilateral 6,894 12,179 13,480 14,855 16,148 16,277 15,880 17,588 Concessional 3,887 6,894 8,194 9,927 10,777 12,004 11,774 12,942 Bilateral 8,897 10,512 11,643 12,371 14,070 13,792 12,306 12,609 Concessional 8,207 9,392 9,844 11,799 13,044 13,147 11,887 12,369 Private creditors 714 1,097 2,051 789 550 820 1,302 2,112 of which: Bonds 0 150 623 445 325 608 1,100 1,900 Commercial banks 401 371 1,099 270 91 56 45 34 Private nonguaranteed 138 1,593 2,560 1,998 1,619 1,537 964 907 Bonds 0 45 45 0 0 0 600 850 Commercial banks and other 138 1,548 2,515 1,998 1,619 1,537 364 57 Memo: IBRD 1,816 3,082 3,093 2,749 2,695 2,460 2,238 2,143 IDA 2,106 3,321 3,828 5,394 5,869 6,818 6,865 7,871 Public sector LDOD 16,374 23,694 26,995 27,935 30,712 30,853 29,473 32,295 Private sector LDOD 269 1,687 2,738 2,079 1,675 1,573 978 921 DISBURSEMENTS 1,746 3,086 1,644 2,011 973 2,425 2,802 3,375 Public and publicly guaranteed 1,708 2,331 1,527 1,790 893 2,045 2,202 3,125 Official creditors 1,629 2,199 1,522 1,684 810 1,501 1,577 2,304 Multilateral 978 1,167 1,043 1,619 703 1,363 1,523 2,112 Concessional 360 677 382 1,174 259 992 1,006 1,204 Bilateral 651 1,032 479 64 106 138 54 191 Concessional 325 804 255 63 97 130 54 191 Private creditors 78 132 4 106 83 544 625 822 of which: Bonds 0 0 0 0 0 500 600 800 Commercial banks 8 87 0 96 0 0 0 0 Private nonguaranteed 38 755 117 221 80 380 600 250 Bonds 0 0 0 0 0 0 600 250 Commercial banks and other 38 755 117 221 80 380 0 0 Memo: IBRD 356 271 159 33 28 1 217 155 IDA 135 255 141 928 118 781 628 854 PRINCIPAL REPAYMENTS 905 1,837 1,587 1,782 1,634 2,943 1,456 1,321 Public and publicly guaranteed 866 1,497 1,142 1,482 1,254 2,481 1,129 1,078 Official creditors 725 1,267 1,104 903 931 2,206 990 1,067 Multilateral 307 559 828 840 820 1,805 770 826 Concessional 43 81 165 180 208 246 244 439 Bilateral 418 708 276 63 111 401 220 241 Concessional 359 462 13 0 4 1 36 57 Private creditors 141 230 37 579 323 275 139 11 of which: Bonds 0 0 0 178 120 217 108 0 Commercial banks 88 138 30 378 182 34 11 11 Private nonguaranteed 39 340 445 301 379 462 327 243 Bonds 0 0 0 0 0 0 0 0 Commercial banks and other 39 340 445 301 379 462 327 243 Memo: IBRD 73 219 227 242 268 304 312 284 IDA 19 35 64 76 88 105 115 165 INTEREST PAYMENTS (LINT) 515 955 858 743 788 694 658 790 Public and publicly guaranteed 505 825 641 638 698 619 582 711 Official creditors 450 759 527 555 650 587 532 599 Multilateral 247 445 383 332 317 246 229 256 Concessional 30 59 73 82 88 96 103 110 Bilateral 204 313 144 223 333 342 303 342 Concessional 174 259 57 184 285 272 275 320 Private creditors 54 66 114 83 48 32 50 112 of which: Bonds 0 9 61 58 40 27 47 110 Commercial banks 38 32 38 18 6 3 2 3 Private nonguaranteed 11 130 217 105 90 75 76 79 Bonds 0 2 2 0 0 0 3 52 Commercial banks and other 11 128 215 105 90 75 73 27 Memo: IBRD 126 217 182 125 105 87 93 107 IDA 15 24 29 35 42 47 52 56 298 PAKISTAN (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 6. CURRENCY COMPOSITION OF PUBLIC AND PUBLICLY GUARANTEED DEBT (PERCENT) Euro .. .. .. 10.8 12.2 13.1 11.4 11.4 Japanese yen 13.6 15.2 16.9 17.7 18.3 18.8 17.7 16.3 Pound sterling 1.5 0.8 0.7 0.5 0.4 0.4 0.4 0.3 Swiss franc 0.3 0.3 0.3 0.1 0.3 0.3 0.2 0.2 U.S.dollars 35.7 31.2 41.5 41.5 41.0 38.6 42.0 43.6 7. DEBT RESTRUCTURINGS Total amount rescheduled 0 0 918 157 10 0 0 0 Debt stock rescheduled 0 0 29 0 0 0 0 0 Principal rescheduled 0 0 653 0 1 0 0 0 Official 0 0 575 0 1 0 0 0 Private 0 0 78 0 0 0 0 0 Interest rescheduled 0 0 236 146 7 0 1 0 Official 0 0 200 145 7 0 0 0 Private 0 0 37 0 0 0 0 0 Debt forgiven 0 0 0 0 7 0 0 0 Memo: interest forgiven 0 0 0 0 0 0 0 0 Debt stock reduction 0 0 0 300 702 482 0 0 of which debt buyback 0 0 0 0 0 0 0 0 8. DEBT STOCK-FLOW RECONCILIATION Total change in debt stocks 2,315 2,846 -1,109 1,931 2,155 -193 -2,374 2,735 Net flows on debt 1,089 2,572 -342 530 -1,063 -831 1,094 1,947 Cross-currency valuation 1,085 108 -1,669 2,217 3,012 1,085 -3,134 844 9. AVERAGE TERMS OF NEW COMMITMENTS ALL CREDITORS Interest (%) 5.3 5.2 6.3 1.9 1.7 2.1 2.1 4.2 Maturity (years) 22.5 17.4 12.5 23.7 19.9 23.0 23.8 21.0 Grace period (years) 6.1 5.0 3.0 6.5 4.8 6.9 7.7 8.0 Grant element (%) 34.6 30.5 19.9 56.9 52.7 55.2 57.7 40.6 Official creditors Interest (%) 5.2 5.0 6.2 1.9 1.7 1.6 1.7 3.8 Maturity (years) 22.9 18.7 12.8 23.7 19.7 26.8 26.8 21.5 Grace period (years) 6.1 5.5 3.1 6.5 4.7 7.3 8.2 6.2 Grant element (%) 35.5 32.8 20.7 56.9 52.4 62.3 64.0 43.4 Private creditors Interest (%) 8.8 7.0 8.0 0.0 1.8 4.4 5.2 4.8 Maturity (years) 11.3 4.4 5.3 0.0 30.0 5.0 5.0 20.0 Grace period (years) 4.8 0.9 1.0 0.0 9.0 5.0 5.0 11.3 Grant element (%) 5.1 8.1 4.5 0.0 66.5 21.3 18.3 35.4 10. CONTRACTUAL OBLIGATIONS ON OUTSTANDING LONG-TERM DEBT 2007 2008 2009 2010 2011 2012 2013 2014 TOTAL Principal 1,200 1,414 1,666 2,421 1,249 1,313 1,578 1,375 Interest 1,106 1,064 1,008 933 847 799 736 671 Official creditors Principal 1,157 1,376 1,127 1,195 1,226 1,288 1,304 1,353 Interest 794 787 764 740 706 673 633 592 Bilateral creditors Principal 298 291 220 231 252 294 295 313 Interest 384 375 366 358 349 342 331 321 Multilateral creditors Principal 859 1,085 907 964 973 994 1,009 1,041 Interest 410 413 399 382 357 331 302 272 Private creditors Principal 43 39 539 1,226 23 25 274 22 Interest 311 277 244 193 140 126 103 79 Notes: Short-term debt data are World Bank staff estimates. 299 PANAMA (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 1. SUMMARY DEBT DATA TOTAL DEBT STOCKS (EDT) 6,493 6,099 7,038 8,294 8,688 9,378 9,743 9,989 Long-term debt (LDOD) 3,842 3,782 6,484 7,874 8,204 8,957 9,234 9,469 Public and publicly guaranteed 3,842 3,782 5,704 6,405 6,482 7,215 7,492 7,774 Private nonguaranteed 0 0 780 1,469 1,723 1,742 1,742 1,694 Use of IMF credit 272 111 90 50 45 36 24 15 Short-term debt 2,378 2,207 464 371 439 386 485 505 of which interest arrears on LDOD 978 1,608 1 0 0 0 0 0 Official creditors 266 225 0 0 0 0 0 0 Private creditors 713 1,383 1 0 0 0 0 0 Memorandum items Principal arrears on LDOD 1,982 1,997 2 1 1 1 1 1 Official creditors 552 204 0 0 0 0 0 0 Private creditors 1,431 1,793 2 1 1 1 1 1 TOTAL DEBT FLOWS Disbursements 6 112 725 1,325 696 1,548 1,739 2,868 Long-term debt 6 99 725 1,325 696 1,548 1,739 2,868 IMF purchases 0 13 0 0 0 0 0 0 Principal repayments 121 172 463 1,154 406 798 1,413 2,665 Long-term debt 51 133 411 1,145 396 788 1,403 2,655 IMF repurchases 70 39 52 8 9 10 10 10 Net flows on debt -115 -925 283 79 359 697 425 224 of which short-term debt 0 -866 20 -93 69 -54 99 20 Interest payments (INT) 223 144 454 522 548 596 666 794 Long-term debt 90 101 418 510 534 585 654 780 IMF charges 16 7 7 2 1 1 1 1 Short-term debt 117 36 30 11 13 10 11 13 Net transfers on debt -338 -1,069 -172 -443 -189 100 -241 -570 Total debt service paid (TDS) 345 315 917 1,676 954 1,394 2,079 3,459 Long-term debt 141 234 829 1,655 930 1,373 2,057 3,435 IMF repurchases and charges 87 46 58 10 10 11 11 11 Short-term debt (interest only) 117 36 30 11 13 10 11 13 2. OTHER NET RESOURCE FLOWS (LONG-TERM) Net flow of long-term debt (ex. IMF) -44 -34 314 180 299 760 336 213 Foreign direct investment (net) 136 223 624 99 818 1,019 962 2,574 Portfolio equity flows -1 0 0 0 0 0 0 0 Grants (excluding technical coop.) 126 15 10 9 19 11 13 21 of which: Debt forgiveness grants .. .. 0 0 8 0 0 0 IDA grants .. .. .. 0 0 0 0 0 Memo: technical coop. grants -16 43 23 31 35 32 27 38 Interest on long-term debt 90 101 418 510 534 585 654 780 Profit remittances on FDI 196 396 562 194 739 967 1,048 1,273 3. MAJOR ECONOMIC AGGREGATES Gross national income (GNI) 5,051 7,542 11,007 12,022 12,191 13,137 14,359 16,052 Exports of goods, serv. & inc. (XGS) 5,595 9,271 9,425 8,630 8,468 9,759 11,989 13,986 Worker remit. & comp. of employees 110 112 16 85 94 105 124 149 Imports of goods & services (MGS) 5,588 9,878 10,258 8,885 9,200 10,885 12,869 14,647 International reserves (RES) 344 781 723 1,183 1,011 631 1,211 1,335 Current account balance 209 -471 -673 -96 -580 -1,012 -759 -552 4. DEBT INDICATORS EDT / XGS (%) 116.0 65.8 74.7 96.1 102.6 96.1 81.3 71.4 EDT / GNI (%) 128.5 80.9 63.9 69.0 71.3 71.4 67.9 62.2 TDS / XGS (%) 6.2 3.4 9.7 19.4 11.3 14.3 17.3 24.7 INT / XGS (%) 4.0 1.5 4.8 6.1 6.5 6.1 5.6 5.7 INT / GNI (%) 4.4 1.9 4.1 4.3 4.5 4.5 4.6 4.9 RES / EDT (%) 5.3 12.8 10.3 14.3 11.6 6.7 12.4 13.4 RES / MGS (months) 0.7 0.9 0.8 1.6 1.3 0.7 1.1 1.1 Short-term / EDT (%) 36.6 36.2 6.6 4.5 5.1 4.1 5.0 5.1 Concessional / EDT (%) 5.9 6.9 5.1 4.1 3.9 3.2 2.7 2.4 Multilateral / EDT (%) 15.5 10.0 14.6 13.6 13.6 12.6 11.4 11.7 300 PANAMA (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 5. LONG-TERM DEBT DEBT OUTSTANDING (LDOD) 3,842 3,782 6,484 7,874 8,204 8,957 9,234 9,469 Public and publicly guaranteed 3,842 3,782 5,704 6,405 6,482 7,215 7,492 7,774 Official creditors 1,489 1,262 1,292 1,358 1,417 1,393 1,308 1,352 Multilateral 1,006 612 1,026 1,129 1,185 1,179 1,113 1,168 Concessional 188 134 112 110 107 94 75 61 Bilateral 483 650 266 229 231 215 195 183 Concessional 194 285 245 228 231 210 190 179 Private creditors 2,353 2,520 4,412 5,047 5,065 5,822 6,184 6,422 of which: Bonds 260 3 4,141 4,920 4,955 5,726 6,105 6,360 Commercial banks 1,970 2,465 260 119 104 91 76 61 Private nonguaranteed 0 0 780 1,469 1,723 1,742 1,742 1,694 Bonds 0 0 266 427 510 503 635 581 Commercial banks and other 0 0 514 1,042 1,213 1,238 1,107 1,113 Memo: IBRD 462 175 283 287 270 245 212 185 IDA 0 0 0 0 0 0 0 0 Public sector LDOD 3,842 3,782 5,704 6,405 6,482 7,215 7,492 7,774 Private sector LDOD 0 0 780 1,469 1,723 1,742 1,742 1,694 DISBURSEMENTS 6 99 725 1,325 696 1,548 1,739 2,868 Public and publicly guaranteed 6 99 487 1,079 421 1,302 1,469 2,299 Official creditors 6 95 99 141 134 113 94 183 Multilateral 0 93 88 117 128 104 91 182 Concessional 0 5 7 12 10 4 1 4 Bilateral 6 2 11 23 6 9 3 1 Concessional 0 0 11 23 6 5 2 1 Private creditors 0 5 388 938 287 1,189 1,375 2,116 of which: Bonds 0 0 370 930 275 1,176 1,374 1,676 Commercial banks 0 5 17 8 12 13 1 440 Private nonguaranteed 0 0 238 247 275 246 270 569 Bonds 0 0 0 0 0 0 150 300 Commercial banks and other 0 0 238 247 275 246 120 269 Memo: IBRD 0 3 22 30 16 12 9 15 IDA 0 0 0 0 0 0 0 0 PRINCIPAL REPAYMENTS 51 133 411 1,145 396 788 1,403 2,655 Public and publicly guaranteed 51 133 386 951 292 567 1,152 2,023 Official creditors 45 116 109 84 120 135 139 145 Multilateral 43 84 57 69 107 123 127 133 Concessional 0 10 9 14 17 18 18 19 Bilateral 2 32 52 15 14 12 12 12 Concessional 0 10 33 13 13 12 12 11 Private creditors 6 17 277 867 172 432 1,013 1,878 of which: Bonds 2 0 120 802 143 405 995 1,422 Commercial banks 1 3 155 63 27 26 16 455 Private nonguaranteed 0 0 25 195 104 221 251 632 Bonds 0 0 0 115 0 0 0 369 Commercial banks and other 0 0 25 80 104 221 251 263 Memo: IBRD 41 43 24 27 35 37 39 41 IDA 0 0 0 0 0 0 0 0 INTEREST PAYMENTS (LINT) 90 101 418 510 534 585 654 780 Public and publicly guaranteed 90 101 365 437 470 493 567 691 Official creditors 87 59 79 68 68 61 60 63 Multilateral 85 39 69 62 62 55 55 58 Concessional 8 3 4 3 3 3 3 3 Bilateral 2 20 10 6 6 5 5 5 Concessional 0 11 8 5 6 5 5 5 Private creditors 3 42 286 369 402 432 507 629 of which: Bonds 0 0 264 361 396 428 503 624 Commercial banks 0 36 21 8 6 4 4 4 Private nonguaranteed 0 0 53 73 64 92 87 88 Bonds 0 0 24 38 32 34 44 46 Commercial banks and other 0 0 29 35 32 58 43 43 Memo: IBRD 27 15 21 18 15 13 12 11 IDA 0 0 0 0 0 0 0 0 301 PANAMA (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 6. CURRENCY COMPOSITION OF PUBLIC AND PUBLICLY GUARANTEED DEBT (PERCENT) Euro .. .. .. 0.1 0.1 0.0 0.0 0.0 Japanese yen 9.8 10.4 1.8 1.3 1.4 1.2 0.9 0.8 Pound sterling 0.7 0.4 0.1 0.0 0.0 0.0 0.0 0.0 Swiss franc 0.1 0.1 0.0 0.0 0.0 0.0 0.0 0.0 U.S.dollars 62.2 70.8 91.8 94.1 94.4 95.4 96.5 97.1 7. DEBT RESTRUCTURINGS Total amount rescheduled 0 5 0 0 0 0 0 0 Debt stock rescheduled 0 0 0 0 0 0 0 0 Principal rescheduled 0 0 0 0 0 0 0 0 Official 0 0 0 0 0 0 0 0 Private 0 0 0 0 0 0 0 0 Interest rescheduled 0 0 0 0 0 0 0 0 Official 0 0 0 0 0 0 0 0 Private 0 0 0 0 0 0 0 0 Debt forgiven 0 0 0 3 7 16 0 0 Memo: interest forgiven 0 0 0 0 0 0 0 0 Debt stock reduction 0 0 154 531 11 0 0 0 of which debt buyback 0 0 120 445 0 0 0 0 8. DEBT STOCK-FLOW RECONCILIATION Total change in debt stocks 274 -800 202 54 394 690 364 246 Net flows on debt -115 -925 283 79 359 697 425 224 Cross-currency valuation 74 -52 -42 -16 -15 -43 -100 -56 9. AVERAGE TERMS OF NEW COMMITMENTS ALL CREDITORS Interest (%) 5.0 5.0 9.3 5.1 7.9 7.8 7.5 5.7 Maturity (years) 8.3 17.8 19.9 23.0 26.7 17.4 21.4 20.4 Grace period (years) 4.8 3.8 15.8 4.3 22.9 16.6 21.1 18.5 Grant element (%) 22.6 28.5 1.4 32.3 15.1 14.6 20.7 23.9 Official creditors Interest (%) 5.0 6.9 5.8 5.1 5.7 3.5 3.7 5.6 Maturity (years) 8.3 21.2 22.8 24.4 19.4 18.9 19.9 17.5 Grace period (years) 4.8 4.6 4.6 4.5 4.8 4.9 5.1 3.4 Grant element (%) 22.6 20.0 29.2 33.7 27.1 41.9 41.5 25.8 Private creditors Interest (%) 0.0 3.3 10.4 4.4 8.7 8.0 7.6 5.7 Maturity (years) 0.0 14.7 19.0 6.7 29.2 17.3 21.5 20.9 Grace period (years) 0.0 3.1 19.0 1.0 29.1 17.3 21.5 20.9 Grant element (%) 0.0 36.4 -6.6 16.2 11.0 13.1 20.2 23.5 10. CONTRACTUAL OBLIGATIONS ON OUTSTANDING LONG-TERM DEBT 2007 2008 2009 2010 2011 2012 2013 2014 TOTAL Principal 484 588 357 426 838 849 197 173 Interest 701 672 646 631 582 518 469 458 Official creditors Principal 166 162 157 156 157 150 140 128 Interest 76 75 71 68 64 56 49 41 Bilateral creditors Principal 19 16 15 15 15 15 15 15 Interest 5 5 5 5 4 4 4 3 Multilateral creditors Principal 147 145 141 141 142 135 125 113 Interest 71 69 65 63 59 52 45 38 Private creditors Principal 318 426 200 270 681 699 57 46 Interest 624 597 575 564 519 461 420 417 Notes: Data on long-term private nonguaranteed debt are World Bank staff estimates. Data for 1996­2002 include debt buybacks. 302 PAPUA NEW GUINEA (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 1. SUMMARY DEBT DATA TOTAL DEBT STOCKS (EDT) 2,594 2,506 2,556 2,436 2,464 2,149 1,886 1,675 Long-term debt (LDOD) 2,461 2,378 2,468 2,257 2,231 1,976 1,654 1,508 Public and publicly guaranteed 1,523 1,668 1,454 1,439 1,505 1,445 1,266 1,225 Private nonguaranteed 938 711 1,014 818 727 531 387 283 Use of IMF credit 61 50 39 116 122 64 0 0 Short-term debt 72 78 49 64 111 109 232 167 of which interest arrears on LDOD 0 0 0 0 0 0 0 0 Official creditors 0 0 0 0 0 0 0 0 Private creditors 0 0 0 0 0 0 0 0 Memorandum items Principal arrears on LDOD 0 0 0 0 0 0 0 0 Official creditors 0 0 0 0 0 0 0 0 Private creditors 0 0 0 0 0 0 0 0 TOTAL DEBT FLOWS Disbursements 681 240 293 59 40 35 50 64 Long-term debt 623 189 254 59 40 35 50 64 IMF purchases 58 51 38 0 0 0 0 0 Principal repayments 391 509 215 207 222 390 318 225 Long-term debt 388 493 196 207 217 330 257 225 IMF repurchases 3 16 19 0 5 60 61 0 Net flows on debt 197 -291 30 -153 -135 -357 -145 -226 of which short-term debt -93 -21 -48 -5 47 -2 123 -65 Interest payments (INT) 162 117 90 69 72 84 71 69 Long-term debt 156 111 85 64 69 78 61 59 IMF charges 0 1 1 3 2 3 1 0 Short-term debt 6 5 4 1 1 3 9 10 Net transfers on debt 35 -408 -60 -221 -207 -441 -216 -295 Total debt service paid (TDS) 553 626 304 276 294 474 389 294 Long-term debt 544 604 280 272 286 408 318 284 IMF repurchases and charges 3 17 20 3 7 63 62 0 Short-term debt (interest only) 6 5 4 1 1 3 9 10 2. OTHER NET RESOURCE FLOWS (LONG-TERM) Net flow of long-term debt (ex. IMF) 235 -304 59 -148 -177 -296 -207 -161 Foreign direct investment (net) 155 455 96 18 101 55 34 32 Portfolio equity flows 0 0 0 0 0 0 0 0 Grants (excluding technical coop.) 304 269 98 99 105 112 137 118 of which: Debt forgiveness grants .. .. 0 0 0 0 0 0 IDA grants .. .. .. 0 0 0 0 0 Memo: technical coop. grants 44 89 144 136 148 187 161 188 Interest on long-term debt 156 111 85 64 69 78 61 59 Profit remittances on FDI 158 409 198 173 400 361 475 0 3. MAJOR ECONOMIC AGGREGATES Gross national income (GNI) 3,098 4,438 3,288 2,767 3,120 3,558 4,559 5,070 Exports of goods, serv. & inc. (XGS) 1,487 3,014 2,369 1,834 2,454 2,786 3,612 .. Worker remit. & comp. of employees 5 16 7 11 13 16 13 13 Imports of goods & services (MGS) 1,719 2,415 2,013 1,985 2,548 2,913 3,257 .. International reserves (RES) 427 267 304 343 520 660 750 1,441 Current account balance -76 674 351 -129 140 122 640 .. 4. DEBT INDICATORS EDT / XGS (%) 174.4 83.1 107.9 132.8 100.4 77.1 52.2 .. EDT / GNI (%) 83.7 56.5 77.7 88.1 79.0 60.4 41.4 33.0 TDS / XGS (%) 37.2 20.8 12.9 15.1 12.0 17.0 10.8 .. INT / XGS (%) 10.9 3.9 3.8 3.7 2.9 3.0 2.0 .. INT / GNI (%) 5.2 2.6 2.7 2.5 2.3 2.4 1.6 1.4 RES / EDT (%) 16.5 10.6 11.9 14.1 21.1 30.7 39.8 86.0 RES / MGS (months) 3.0 1.3 1.8 2.1 2.5 2.7 2.8 .. Short-term / EDT (%) 2.8 3.1 1.9 2.6 4.5 5.1 12.3 10.0 Concessional / EDT (%) 21.6 32.1 34.5 33.9 36.2 41.8 41.4 46.6 Multilateral / EDT (%) 29.5 37.4 32.3 35.1 36.4 41.9 44.3 48.6 303 PAPUA NEW GUINEA (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 5. LONG-TERM DEBT DEBT OUTSTANDING (LDOD) 2,461 2,378 2,468 2,257 2,231 1,976 1,654 1,508 Public and publicly guaranteed 1,523 1,668 1,454 1,439 1,505 1,445 1,266 1,225 Official creditors 1,074 1,441 1,394 1,352 1,411 1,367 1,215 1,180 Multilateral 764 938 826 854 898 901 835 815 Concessional 362 454 417 403 443 460 410 422 Bilateral 310 503 567 497 513 466 380 366 Concessional 199 351 465 422 450 438 371 359 Private creditors 449 227 60 87 94 78 51 45 of which: Bonds 37 0 0 0 0 0 0 0 Commercial banks 307 157 54 87 94 78 51 45 Private nonguaranteed 938 711 1,014 818 727 531 387 283 Bonds 0 0 0 0 0 0 0 0 Commercial banks and other 938 711 1,014 818 727 531 387 283 Memo: IBRD 235 299 244 272 269 260 249 246 IDA 115 108 92 87 86 84 78 76 Public sector LDOD 1,501 1,667 1,440 1,439 1,505 1,445 1,266 1,225 Private sector LDOD 960 711 1,027 818 727 531 387 283 DISBURSEMENTS 623 189 254 59 40 35 50 64 Public and publicly guaranteed 280 135 219 59 40 35 50 64 Official creditors 234 122 206 33 25 30 49 60 Multilateral 180 55 67 26 21 29 41 48 Concessional 77 19 12 7 6 11 7 16 Bilateral 54 67 139 7 4 1 8 12 Concessional 28 15 56 4 3 1 7 12 Private creditors 45 13 13 27 15 5 1 4 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 20 13 13 27 15 5 1 4 Private nonguaranteed 343 54 35 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 Commercial banks and other 343 54 35 0 0 0 0 0 Memo: IBRD 64 34 43 9 7 9 20 19 IDA 0 0 0 0 0 0 0 0 PRINCIPAL REPAYMENTS 388 493 196 207 217 330 257 225 Public and publicly guaranteed 184 204 115 94 126 134 114 120 Official creditors 48 82 96 85 103 111 93 111 Multilateral 35 47 53 49 49 50 48 83 Concessional 15 7 9 11 13 14 14 15 Bilateral 13 35 44 36 54 62 45 28 Concessional 2 14 33 22 23 26 25 25 Private creditors 136 122 19 8 23 23 21 9 of which: Bonds 0 32 0 0 0 0 0 0 Commercial banks 129 63 10 7 23 23 21 9 Private nonguaranteed 204 289 80 114 91 196 143 105 Bonds 0 0 0 0 0 0 0 0 Commercial banks and other 204 289 80 114 91 196 143 105 Memo: IBRD 14 27 29 24 22 22 23 24 IDA 1 2 3 3 4 4 4 4 INTEREST PAYMENTS (LINT) 156 111 85 64 69 78 61 59 Public and publicly guaranteed 86 82 54 47 46 42 38 38 Official creditors 40 63 50 43 42 38 36 37 Multilateral 27 44 31 25 23 21 22 26 Concessional 3 5 4 4 4 4 4 4 Bilateral 13 19 18 18 19 17 14 11 Concessional 5 12 16 12 12 13 12 11 Private creditors 46 19 5 4 4 3 2 1 of which: Bonds 3 2 0 0 0 0 0 0 Commercial banks 36 9 3 4 4 3 2 1 Private nonguaranteed 70 29 31 17 23 36 23 21 Bonds 0 0 0 0 0 0 0 0 Commercial banks and other 70 29 31 17 23 36 23 21 Memo: IBRD 14 22 15 11 9 8 10 13 IDA 1 1 1 1 1 1 1 1 304 PAPUA NEW GUINEA (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 6. CURRENCY COMPOSITION OF PUBLIC AND PUBLICLY GUARANTEED DEBT (PERCENT) Euro .. .. .. 3.3 3.6 3.8 3.8 4.1 Japanese yen 20.4 21.3 30.1 29.4 30.7 31.4 29.7 28.6 Pound sterling 2.1 0.6 0.8 0.0 0.0 0.0 0.0 0.0 Swiss franc 1.5 0.0 0.0 0.0 0.1 0.1 0.1 0.1 U.S.dollars 27.3 19.4 21.3 26.1 26.0 28.2 33.7 36.4 7. DEBT RESTRUCTURINGS Total amount rescheduled 0 0 0 0 0 0 0 0 Debt stock rescheduled 0 0 0 0 0 0 0 0 Principal rescheduled 0 0 0 0 0 0 0 0 Official 0 0 0 0 0 0 0 0 Private 0 0 0 0 0 0 0 0 Interest rescheduled 0 0 0 0 0 0 0 0 Official 0 0 0 0 0 0 0 0 Private 0 0 0 0 0 0 0 0 Debt forgiven 0 0 0 1 0 0 0 0 Memo: interest forgiven 0 0 0 0 0 0 0 0 Debt stock reduction 0 0 0 0 0 0 0 0 of which debt buyback 0 0 0 0 0 0 0 0 8. DEBT STOCK-FLOW RECONCILIATION Total change in debt stocks 278 -287 -89 -41 28 -315 -263 -211 Net flows on debt 197 -291 30 -153 -135 -357 -145 -226 Cross-currency valuation 77 -26 -112 113 159 45 -120 6 9. AVERAGE TERMS OF NEW COMMITMENTS ALL CREDITORS Interest (%) 6.0 5.2 6.5 1.9 0.0 1.3 0.0 4.4 Maturity (years) 16.0 10.6 16.0 24.6 0.0 30.4 0.0 26.1 Grace period (years) 4.6 4.4 4.8 6.5 0.0 7.4 0.0 5.2 Grant element (%) 22.7 23.2 20.4 58.6 0.0 68.7 0.0 41.2 Official creditors Interest (%) 5.7 5.2 6.5 1.9 0.0 1.3 0.0 4.4 Maturity (years) 17.3 10.6 17.3 24.6 0.0 30.4 0.0 26.1 Grace period (years) 4.9 4.4 5.1 6.5 0.0 7.4 0.0 5.2 Grant element (%) 24.5 23.2 21.5 58.6 0.0 68.7 0.0 41.2 Private creditors Interest (%) 7.2 0.0 6.2 0.0 0.0 0.0 0.0 0.0 Maturity (years) 9.5 0.0 5.3 0.0 0.0 0.0 0.0 0.0 Grace period (years) 3.2 0.0 2.5 0.0 0.0 0.0 0.0 0.0 Grant element (%) 13.4 0.0 10.9 0.0 0.0 0.0 0.0 0.0 10. CONTRACTUAL OBLIGATIONS ON OUTSTANDING LONG-TERM DEBT 2007 2008 2009 2010 2011 2012 2013 2014 TOTAL Principal 168 150 146 128 126 106 102 95 Interest 54 48 43 38 34 29 26 22 Official creditors Principal 86 90 93 94 97 84 82 79 Interest 38 37 35 32 29 26 24 21 Bilateral creditors Principal 33 31 31 30 33 23 23 21 Interest 10 9 8 7 7 6 5 4 Multilateral creditors Principal 53 59 61 64 65 60 59 58 Interest 28 28 27 25 23 21 18 16 Private creditors Principal 82 59 54 34 28 23 20 17 Interest 15 11 8 6 4 3 2 1 Notes: Private non-guaranteed debt data are World Bank staff estimates. 305 PARAGUAY (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 1. SUMMARY DEBT DATA TOTAL DEBT STOCKS (EDT) 2,105 2,574 3,089 2,998 3,226 3,607 3,229 3,426 Long-term debt (LDOD) 1,732 1,791 2,510 2,512 2,674 2,941 2,716 2,715 Public and publicly guaranteed 1,713 1,453 2,060 2,045 2,201 2,430 2,265 2,235 Private nonguaranteed 19 338 450 467 474 511 450 480 Use of IMF credit 0 0 0 0 0 0 0 0 Short-term debt 373 784 580 486 551 666 513 711 of which interest arrears on LDOD 115 7 11 18 23 0 0 0 Official creditors 29 4 5 10 15 0 0 0 Private creditors 86 4 6 8 9 0 0 0 Memorandum items Principal arrears on LDOD 321 60 55 49 63 11 9 9 Official creditors 61 16 30 25 44 3 2 2 Private creditors 259 44 26 24 19 8 7 7 TOTAL DEBT FLOWS Disbursements 77 224 192 324 271 249 210 244 Long-term debt 77 224 192 324 271 249 210 244 IMF purchases 0 0 0 0 0 0 0 0 Principal repayments 235 159 205 231 245 307 332 269 Long-term debt 235 159 205 231 245 307 332 269 IMF repurchases 0 0 0 0 0 0 0 0 Net flows on debt -83 261 -185 111 87 80 -275 173 of which short-term debt 75 196 -173 18 61 138 -153 198 Interest payments (INT) 90 135 148 109 113 170 144 152 Long-term debt 77 93 115 101 107 152 115 121 IMF charges 0 0 0 0 0 0 0 0 Short-term debt 13 42 33 8 6 18 29 31 Net transfers on debt -173 126 -333 1 -26 -91 -419 22 Total debt service paid (TDS) 325 294 353 341 358 478 476 421 Long-term debt 312 252 320 333 351 460 447 390 IMF repurchases and charges 0 0 0 0 0 0 0 0 Short-term debt (interest only) 13 42 33 8 6 18 29 31 2. OTHER NET RESOURCE FLOWS (LONG-TERM) Net flow of long-term debt (ex. IMF) -158 65 -13 92 27 -58 -122 -25 Foreign direct investment (net) 77 103 104 10 27 38 74 189 Portfolio equity flows 0 0 0 0 0 0 0 0 Grants (excluding technical coop.) 7 36 26 19 18 18 21 22 of which: Debt forgiveness grants .. .. 0 0 0 0 0 0 IDA grants .. .. .. 0 0 0 0 0 Memo: technical coop. grants 40 64 56 48 48 49 46 51 Interest on long-term debt 77 93 115 101 107 152 115 121 Profit remittances on FDI 17 62 84 39 60 192 161 191 3. MAJOR ECONOMIC AGGREGATES Gross national income (GNI) 5,381 8,176 7,094 5,088 5,543 6,812 7,340 9,296 Exports of goods, serv. & inc. (XGS) 2,631 5,210 3,336 2,721 3,020 3,786 4,399 6,199 Worker remit. & comp. of employees 34 287 278 202 222 238 269 432 Imports of goods & services (MGS) 2,284 5,363 3,524 2,645 2,945 3,705 4,424 6,506 International reserves (RES) 675 1,106 772 641 983 1,168 1,297 1,702 Current account balance 390 -92 -163 93 129 143 37 -217 4. DEBT INDICATORS EDT / XGS (%) 80.0 49.4 92.6 110.2 106.8 95.3 73.4 55.3 EDT / GNI (%) 39.1 31.5 43.6 58.9 58.2 53.0 44.0 36.9 TDS / XGS (%) 12.4 5.6 10.6 12.5 11.8 12.6 10.8 6.8 INT / XGS (%) 3.4 2.6 4.4 4.0 3.7 4.5 3.3 2.4 INT / GNI (%) 1.7 1.6 2.1 2.2 2.0 2.5 2.0 1.6 RES / EDT (%) 32.1 43.0 25.0 21.4 30.5 32.4 40.2 49.7 RES / MGS (months) 3.5 2.5 2.6 2.9 4.0 3.8 3.5 3.1 Short-term / EDT (%) 17.7 30.4 18.8 16.2 17.1 18.5 15.9 20.8 Concessional / EDT (%) 26.3 32.0 28.0 26.7 26.0 24.3 24.4 22.7 Multilateral / EDT (%) 34.8 30.2 36.9 39.0 40.4 36.0 37.5 36.4 306 PARAGUAY (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 5. LONG-TERM DEBT DEBT OUTSTANDING (LDOD) 1,732 1,791 2,510 2,512 2,674 2,941 2,716 2,715 Public and publicly guaranteed 1,713 1,453 2,060 2,045 2,201 2,430 2,265 2,235 Official creditors 1,182 1,320 1,611 1,602 1,749 1,933 1,796 1,814 Multilateral 732 778 1,141 1,168 1,302 1,299 1,212 1,247 Concessional 229 332 409 376 401 384 354 347 Bilateral 450 543 471 434 446 635 584 567 Concessional 325 491 455 424 438 493 434 432 Private creditors 531 133 449 443 452 497 469 421 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 258 56 424 416 418 471 452 414 Private nonguaranteed 19 338 450 467 474 511 450 480 Bonds 0 0 0 0 0 0 0 0 Commercial banks and other 19 338 450 467 474 511 450 480 Memo: IBRD 279 154 201 216 256 246 223 234 IDA 41 36 28 25 24 22 21 19 Public sector LDOD 1,713 1,453 2,060 2,045 2,201 2,430 2,265 2,235 Private sector LDOD 19 338 450 467 474 511 450 480 DISBURSEMENTS 77 224 192 324 271 249 210 244 Public and publicly guaranteed 77 216 192 103 153 139 144 154 Official creditors 50 204 192 103 135 121 136 154 Multilateral 31 129 166 67 127 82 70 111 Concessional 7 41 11 1 0 4 0 6 Bilateral 19 75 26 35 9 39 66 44 Concessional 18 72 26 35 9 26 41 44 Private creditors 27 11 0 0 18 18 8 0 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 2 11 0 0 11 15 8 0 Private nonguaranteed 0 8 0 221 118 110 66 90 Bonds 0 0 0 0 0 0 0 0 Commercial banks and other 0 8 0 221 118 110 66 90 Memo: IBRD 16 26 47 14 42 17 17 32 IDA 0 0 0 0 0 0 0 0 PRINCIPAL REPAYMENTS 235 159 205 231 245 307 332 269 Public and publicly guaranteed 226 157 112 122 133 214 206 209 Official creditors 198 123 105 116 129 197 168 161 Multilateral 62 76 61 78 86 124 100 96 Concessional 6 10 15 19 18 28 19 18 Bilateral 137 47 43 37 43 74 68 65 Concessional 20 40 39 37 40 62 52 49 Private creditors 27 34 7 6 4 17 38 48 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 10 10 4 4 3 11 27 38 Private nonguaranteed 9 2 93 109 112 93 126 60 Bonds 0 0 0 0 0 0 0 0 Commercial banks and other 9 2 93 109 112 93 126 60 Memo: IBRD 40 41 19 15 19 33 25 26 IDA 1 1 1 1 2 1 1 1 INTEREST PAYMENTS (LINT) 77 93 115 101 107 152 115 121 Public and publicly guaranteed 77 87 99 79 79 125 94 97 Official creditors 57 71 69 62 67 104 74 72 Multilateral 47 41 51 54 54 63 50 49 Concessional 4 6 8 7 7 10 9 8 Bilateral 10 30 18 9 13 41 24 22 Concessional 10 22 17 9 13 36 14 13 Private creditors 20 16 30 17 12 21 20 26 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 2 2 29 16 11 14 19 25 Private nonguaranteed 0 6 16 22 28 28 21 24 Bonds 0 0 0 0 0 0 0 0 Commercial banks and other 0 6 16 22 28 28 21 24 Memo: IBRD 25 15 11 10 12 14 10 12 IDA 0 0 0 0 0 0 0 0 307 PARAGUAY (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 6. CURRENCY COMPOSITION OF PUBLIC AND PUBLICLY GUARANTEED DEBT (PERCENT) Euro .. .. .. 3.4 3.5 2.5 2.6 2.6 Japanese yen 15.6 22.7 15.0 14.0 13.5 14.0 13.4 13.7 Pound sterling 2.0 0.3 0.1 0.1 0.1 0.1 0.0 0.0 Swiss franc 0.3 0.1 0.1 0.1 0.1 0.0 0.0 0.0 U.S.dollars 17.2 28.8 60.1 62.5 63.7 67.0 68.4 68.8 7. DEBT RESTRUCTURINGS Total amount rescheduled 0 0 0 0 0 0 0 0 Debt stock rescheduled 0 0 0 0 0 0 0 0 Principal rescheduled 0 0 0 0 0 0 0 0 Official 0 0 0 0 0 0 0 0 Private 0 0 0 0 0 0 0 0 Interest rescheduled 0 0 0 0 0 0 0 0 Official 0 0 0 0 0 0 0 0 Private 0 0 0 0 0 0 0 0 Debt forgiven 15 0 0 0 0 0 0 0 Memo: interest forgiven 0 0 0 0 0 0 0 0 Debt stock reduction 436 0 0 0 0 0 0 0 of which debt buyback 111 0 0 0 0 0 0 0 8. DEBT STOCK-FLOW RECONCILIATION Total change in debt stocks -277 469 -294 196 228 382 -379 198 Net flows on debt -83 261 -185 111 87 80 -275 173 Cross-currency valuation 778 -28 -97 82 93 49 -92 19 9. AVERAGE TERMS OF NEW COMMITMENTS ALL CREDITORS Interest (%) 3.5 5.6 6.4 2.8 2.6 0.0 4.4 4.9 Maturity (years) 34.4 19.0 21.8 17.9 17.8 0.0 16.4 21.6 Grace period (years) 10.1 5.5 3.0 4.5 4.9 0.0 4.7 4.7 Grant element (%) 53.9 28.1 22.1 44.3 46.9 0.0 33.0 33.8 Official creditors Interest (%) 3.5 5.5 6.4 2.8 2.6 0.0 4.4 4.9 Maturity (years) 34.4 19.3 21.8 17.9 17.8 0.0 16.4 21.6 Grace period (years) 10.1 5.6 3.0 4.5 4.9 0.0 4.7 4.7 Grant element (%) 53.9 28.8 22.1 44.3 46.9 0.0 33.0 33.8 Private creditors Interest (%) 0.0 8.0 0.0 0.0 0.0 0.0 0.0 0.0 Maturity (years) 0.0 9.8 0.0 0.0 0.0 0.0 0.0 0.0 Grace period (years) 0.0 2.3 0.0 0.0 0.0 0.0 0.0 0.0 Grant element (%) 0.0 7.8 0.0 0.0 0.0 0.0 0.0 0.0 10. CONTRACTUAL OBLIGATIONS ON OUTSTANDING LONG-TERM DEBT 2007 2008 2009 2010 2011 2012 2013 2014 TOTAL Principal 377 331 312 275 255 230 198 176 Interest 139 124 110 97 85 73 63 54 Official creditors Principal 207 199 191 189 183 174 146 129 Interest 87 82 76 70 62 55 48 42 Bilateral creditors Principal 62 56 64 61 55 53 41 40 Interest 23 22 20 18 16 14 12 11 Multilateral creditors Principal 145 143 127 128 129 120 105 89 Interest 64 60 56 51 46 41 36 31 Private creditors Principal 170 131 121 86 72 57 52 47 Interest 51 42 34 27 22 18 15 12 Notes: Data on long-term public and publicly guaranteed debt and private non-guaranteed debt for 2006 are based on reports provided by the country. 308 PERU (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 1. SUMMARY DEBT DATA TOTAL DEBT STOCKS (EDT) 20,044 30,833 28,661 27,732 29,489 31,081 28,660 28,174 Long-term debt (LDOD) 13,959 20,219 24,175 24,906 26,825 28,208 25,395 25,143 Public and publicly guaranteed 13,629 18,931 19,237 20,410 22,531 24,199 22,225 21,825 Private nonguaranteed 330 1,288 4,938 4,496 4,294 4,009 3,170 3,318 Use of IMF credit 755 955 558 236 139 104 57 20 Short-term debt 5,330 9,659 3,928 2,589 2,525 2,769 3,208 3,011 of which interest arrears on LDOD 3,713 4,584 14 27 23 22 0 16 Official creditors 1,386 211 11 16 14 16 0 16 Private creditors 2,326 4,373 4 11 9 6 0 0 Memorandum items Principal arrears on LDOD 8,345 4,150 29 44 9 29 0 33 Official creditors 3,215 1,016 21 36 6 28 0 33 Private creditors 5,130 3,134 7 8 3 1 0 0 TOTAL DEBT FLOWS Disbursements 289 880 2,065 3,004 2,243 2,670 2,766 1,648 Long-term debt 289 880 2,065 3,004 2,243 2,670 2,766 1,648 IMF purchases 0 0 0 0 0 0 0 0 Principal repayments 229 521 1,138 2,139 1,159 1,278 3,846 2,065 Long-term debt 166 521 997 1,965 1,047 1,238 3,806 2,025 IMF repurchases 63 0 141 173 112 40 40 39 Net flows on debt 126 3,148 289 435 1,024 1,636 -618 -629 of which short-term debt 66 2,789 -638 -430 -59 245 461 -213 Interest payments (INT) 247 721 1,434 1,230 1,362 1,437 1,693 1,681 Long-term debt 91 485 1,174 1,144 1,288 1,363 1,573 1,533 IMF charges 74 52 33 10 4 3 3 2 Short-term debt 82 184 227 76 71 71 118 146 Net transfers on debt -121 2,427 -1,145 -794 -338 199 -2,312 -2,310 Total debt service paid (TDS) 476 1,242 2,573 3,368 2,522 2,715 5,539 3,746 Long-term debt 257 1,006 2,171 3,110 2,335 2,602 5,379 3,558 IMF repurchases and charges 137 52 174 183 116 43 42 41 Short-term debt (interest only) 82 184 227 76 71 71 118 146 2. OTHER NET RESOURCE FLOWS (LONG-TERM) Net flow of long-term debt (ex. IMF) 123 359 1,068 1,039 1,196 1,431 -1,040 -377 Foreign direct investment (net) 41 2,557 810 2,156 1,335 1,599 2,579 3,467 Portfolio equity flows 0 171 123 -9 1 -47 769 182 Grants (excluding technical coop.) 180 279 159 164 185 190 252 199 of which: Debt forgiveness grants .. .. 46 0 8 25 76 0 IDA grants .. .. .. 0 0 0 0 0 Memo: technical coop. grants 127 127 151 229 284 288 307 327 Interest on long-term debt 91 485 1,174 1,144 1,288 1,363 1,573 1,533 Profit remittances on FDI 15 834 344 479 1,112 2,567 4,030 6,741 3. MAJOR ECONOMIC AGGREGATES Gross national income (GNI) 25,509 51,140 51,878 55,606 59,337 66,013 74,289 84,628 Exports of goods, serv. & inc. (XGS) 4,402 7,796 9,965 10,245 11,997 16,267 21,722 29,122 Worker remit. & comp. of employees 87 599 718 705 869 1,133 1,440 1,837 Imports of goods & services (MGS) 6,015 12,653 11,794 11,669 13,286 16,547 20,906 26,880 International reserves (RES) 1,891 8,653 8,676 9,721 10,242 12,665 14,171 17,442 Current account balance -1,419 -4,625 -1,546 -1,110 -949 19 1,148 2,589 4. DEBT INDICATORS EDT / XGS (%) 455.3 395.5 287.6 270.7 245.8 191.1 131.9 96.7 EDT / GNI (%) 78.6 60.3 55.2 49.9 49.7 47.1 38.6 33.3 TDS / XGS (%) 10.8 15.9 25.8 32.9 21.0 16.7 25.5 12.9 INT / XGS (%) 5.6 9.3 14.4 12.0 11.4 8.8 7.8 5.8 INT / GNI (%) 1.0 1.4 2.8 2.2 2.3 2.2 2.3 2.0 RES / EDT (%) 9.4 28.1 30.3 35.1 34.7 40.7 49.4 61.9 RES / MGS (months) 3.8 8.2 8.8 10.0 9.3 9.2 8.1 7.8 Short-term / EDT (%) 26.6 31.3 13.7 9.3 8.6 8.9 11.2 10.7 Concessional / EDT (%) 9.3 18.2 13.9 14.6 15.8 15.5 11.4 11.0 Multilateral / EDT (%) 11.0 12.1 19.3 24.6 24.4 24.9 27.6 27.6 309 PERU (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 5. LONG-TERM DEBT DEBT OUTSTANDING (LDOD) 13,959 20,219 24,175 24,906 26,825 28,208 25,395 25,143 Public and publicly guaranteed 13,629 18,931 19,237 20,410 22,531 24,199 22,225 21,825 Official creditors 6,594 15,229 14,406 15,604 16,549 16,926 13,521 13,145 Multilateral 2,199 3,716 5,532 6,825 7,193 7,744 7,900 7,787 Concessional 185 142 92 77 313 442 462 437 Bilateral 4,395 11,513 8,875 8,779 9,356 9,182 5,620 5,358 Concessional 1,674 5,485 3,894 3,974 4,359 4,385 2,799 2,676 Private creditors 7,035 3,702 4,830 4,806 5,982 7,273 8,704 8,680 of which: Bonds 1 0 3,727 4,424 5,630 6,949 8,390 8,390 Commercial banks 3,159 3,040 110 98 90 82 86 77 Private nonguaranteed 330 1,288 4,938 4,496 4,294 4,009 3,170 3,318 Bonds 0 60 150 130 94 91 218 192 Commercial banks and other 330 1,228 4,788 4,366 4,200 3,919 2,951 3,126 Memo: IBRD 1,188 1,729 2,590 2,609 2,789 2,834 2,816 2,633 IDA 0 0 0 0 0 0 0 0 Public sector LDOD 13,584 18,925 17,966 19,273 21,467 23,215 21,327 21,020 Private sector LDOD 376 1,294 6,209 5,634 5,358 4,993 4,067 4,123 DISBURSEMENTS 289 880 2,065 3,004 2,243 2,670 2,766 1,648 Public and publicly guaranteed 289 725 1,488 2,929 2,188 2,542 2,633 596 Official creditors 187 720 1,454 1,006 938 1,233 983 596 Multilateral 38 631 813 807 697 1,049 799 472 Concessional 10 3 6 3 224 143 38 12 Bilateral 149 89 640 199 241 184 184 124 Concessional 112 26 601 199 241 184 184 124 Private creditors 103 5 35 1,923 1,250 1,308 1,650 0 of which: Bonds 0 0 0 1,923 1,250 1,308 1,650 0 Commercial banks 69 0 34 0 0 0 0 0 Private nonguaranteed 0 155 577 75 55 128 133 1,052 Bonds 0 0 0 0 0 0 127 0 Commercial banks and other 0 155 577 75 55 128 6 1,052 Memo: IBRD 0 202 266 146 344 234 192 36 IDA 0 0 0 0 0 0 0 0 PRINCIPAL REPAYMENTS 166 521 997 1,965 1,047 1,238 3,806 2,025 Public and publicly guaranteed 112 481 979 1,948 995 1,168 2,844 1,148 Official creditors 81 404 834 716 922 1,074 2,729 1,034 Multilateral 24 201 497 357 444 530 557 605 Concessional 3 21 13 11 15 15 15 38 Bilateral 57 203 337 360 479 543 2,172 429 Concessional 5 59 99 186 236 275 1,314 252 Private creditors 31 77 146 1,232 73 94 115 113 of which: Bonds 0 0 0 1,204 44 67 90 90 Commercial banks 9 28 130 7 7 9 11 9 Private nonguaranteed 54 40 17 17 52 71 962 878 Bonds 0 0 0 0 0 0 0 0 Commercial banks and other 54 40 17 17 52 71 962 878 Memo: IBRD 0 86 93 163 163 189 210 219 IDA 0 0 0 0 0 0 0 0 INTEREST PAYMENTS (LINT) 91 485 1,174 1,144 1,288 1,363 1,573 1,533 Public and publicly guaranteed 66 413 1,105 1,076 1,149 1,205 1,374 1,367 Official creditors 51 395 917 845 812 745 778 702 Multilateral 27 245 383 373 342 300 354 433 Concessional 3 7 3 2 6 15 26 35 Bilateral 24 150 534 473 470 445 423 269 Concessional 7 75 155 139 142 144 143 74 Private creditors 15 19 188 231 337 459 596 665 of which: Bonds 0 0 179 196 305 429 568 637 Commercial banks 8 10 5 10 9 8 8 8 Private nonguaranteed 25 71 69 68 139 158 198 166 Bonds 0 6 11 10 7 7 10 10 Commercial banks and other 25 65 58 59 132 151 188 156 Memo: IBRD 0 118 189 141 115 92 105 137 IDA 0 0 0 0 0 0 0 0 310 PERU (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 6. CURRENCY COMPOSITION OF PUBLIC AND PUBLICLY GUARANTEED DEBT (PERCENT) Euro .. .. .. 6.3 6.3 9.4 6.6 7.3 Japanese yen 6.3 14.6 13.8 13.2 13.9 13.3 9.2 9.0 Pound sterling 0.9 1.2 0.4 0.4 0.3 0.3 0.1 0.1 Swiss franc 1.5 1.2 0.5 0.4 0.3 0.2 0.1 0.0 U.S.dollars 48.0 41.9 73.6 75.0 74.9 73.1 80.6 80.4 7. DEBT RESTRUCTURINGS Total amount rescheduled 0 919 1 0 0 0 21 0 Debt stock rescheduled 0 0 0 0 0 0 0 0 Principal rescheduled 0 304 0 0 0 0 6 0 Official 0 284 0 0 0 0 5 0 Private 0 20 0 0 0 0 1 0 Interest rescheduled 0 516 0 0 0 0 15 0 Official 0 511 0 0 0 0 10 0 Private 0 4 0 0 0 0 4 0 Debt forgiven 0 0 0 8 51 17 64 25 Memo: interest forgiven 0 0 0 1 6 1 3 2 Debt stock reduction 0 0 0 1,204 0 0 0 0 of which debt buyback 0 0 0 1,204 0 0 0 0 8. DEBT STOCK-FLOW RECONCILIATION Total change in debt stocks 1,479 4,323 -518 176 1,757 1,592 -2,421 -486 Net flows on debt 126 3,148 289 435 1,024 1,636 -618 -629 Cross-currency valuation 642 267 -517 602 697 251 -780 200 9. AVERAGE TERMS OF NEW COMMITMENTS ALL CREDITORS Interest (%) 6.7 6.2 5.8 7.9 6.0 5.8 7.0 4.4 Maturity (years) 8.6 17.4 22.1 11.8 17.7 13.2 20.6 19.5 Grace period (years) 2.1 4.6 5.0 7.7 12.9 7.9 18.3 5.1 Grant element (%) 13.4 23.2 30.8 11.8 24.5 25.5 22.9 36.2 Official creditors Interest (%) 7.1 6.2 5.8 5.2 2.0 3.6 4.8 4.4 Maturity (years) 9.2 17.4 22.1 18.1 16.0 16.0 16.4 19.5 Grace period (years) 2.4 4.6 5.0 4.6 5.6 4.7 7.0 5.1 Grant element (%) 14.2 23.2 30.9 29.7 48.9 38.6 33.5 36.2 Private creditors Interest (%) 5.5 0.0 9.0 9.1 9.4 7.8 7.7 0.0 Maturity (years) 6.7 0.0 5.0 9.0 19.2 10.8 22.0 0.0 Grace period (years) 1.3 0.0 0.1 9.0 19.2 10.8 22.0 0.0 Grant element (%) 10.5 0.0 1.7 3.7 3.4 13.7 19.4 0.0 10. CONTRACTUAL OBLIGATIONS ON OUTSTANDING LONG-TERM DEBT 2007 2008 2009 2010 2011 2012 2013 2014 TOTAL Principal 2,140 2,447 1,941 1,757 1,767 3,237 1,749 2,278 Interest 1,619 1,572 1,432 1,332 1,236 1,062 880 771 Official creditors Principal 1,192 1,226 1,276 1,294 1,318 1,381 1,356 1,059 Interest 734 678 617 548 475 398 318 244 Bilateral creditors Principal 496 502 529 533 560 593 624 439 Interest 272 251 227 199 169 137 102 68 Multilateral creditors Principal 696 724 747 761 757 788 732 619 Interest 462 427 390 349 306 261 216 176 Private creditors Principal 948 1,221 665 463 449 1,856 393 1,219 Interest 885 893 816 784 761 664 562 527 Notes: Data on long-term private nonguaranteed debt are World Bank staff estimates. Data include the effects of the 2002 buyback operation on the Brady Bonds. 311 PHILIPPINES (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 1. SUMMARY DEBT DATA TOTAL DEBT STOCKS (EDT) 30,580 39,379 58,304 59,906 62,589 61,095 61,718 60,324 Long-term debt (LDOD) 25,241 33,372 50,777 52,661 55,213 55,293 54,934 55,315 Public and publicly guaranteed 24,040 28,525 33,744 32,319 36,147 36,108 35,424 36,793 Private nonguaranteed 1,201 4,847 17,033 20,342 19,066 19,184 19,510 18,522 Use of IMF credit 912 728 2,032 1,686 1,197 756 389 0 Short-term debt 4,427 5,279 5,495 5,559 6,179 5,046 6,395 5,009 of which interest arrears on LDOD 52 0 0 0 0 0 0 0 Official creditors 4 0 0 0 0 0 0 0 Private creditors 48 0 0 0 0 0 0 0 Memorandum items Principal arrears on LDOD 182 0 1 1 1 0 1 2 Official creditors 13 0 0 0 0 0 0 2 Private creditors 169 0 1 1 1 0 1 0 TOTAL DEBT FLOWS Disbursements 2,516 2,840 6,060 6,742 7,402 8,310 6,446 8,363 Long-term debt 2,516 2,840 5,747 6,742 7,402 8,310 6,446 8,363 IMF purchases 0 0 313 0 0 0 0 0 Principal repayments 1,818 3,099 4,055 7,058 7,341 7,712 6,390 9,785 Long-term debt 1,473 2,737 4,047 6,653 6,733 7,240 6,073 9,384 IMF repurchases 345 363 8 405 608 473 317 400 Net flows on debt 1,123 -696 2,551 -757 681 -535 1,405 -2,808 of which short-term debt 425 -437 546 -441 620 -1,133 1,349 -1,386 Interest payments (INT) 1,772 2,264 3,004 3,143 2,859 3,765 3,551 3,896 Long-term debt 1,573 1,859 2,469 2,924 2,699 3,540 3,245 3,518 IMF charges 99 55 94 54 29 25 20 15 Short-term debt 100 351 442 165 132 200 286 363 Net transfers on debt -649 -2,960 -453 -3,900 -2,178 -4,301 -2,146 -6,704 Total debt service paid (TDS) 3,590 5,363 7,059 10,201 10,200 11,478 9,941 13,681 Long-term debt 3,046 4,595 6,516 9,577 9,432 10,780 9,318 12,903 IMF repurchases and charges 444 417 102 459 636 497 337 415 Short-term debt (interest only) 100 351 442 165 132 200 286 363 2. OTHER NET RESOURCE FLOWS (LONG-TERM) Net flow of long-term debt (ex. IMF) 1,043 104 1,700 90 669 1,070 374 -1,022 Foreign direct investment (net) 530 1,478 2,240 1,542 491 688 1,854 2,345 Portfolio equity flows 0 0 -202 227 501 518 1,465 2,388 Grants (excluding technical coop.) 362 277 158 178 179 163 150 139 of which: Debt forgiveness grants .. .. 0 6 13 0 0 0 IDA grants .. .. .. 0 0 0 0 0 Memo: technical coop. grants 243 381 224 193 251 234 245 258 Interest on long-term debt 1,573 1,859 2,469 2,924 2,699 3,540 3,245 3,518 Profit remittances on FDI 311 515 230 1,211 1,067 1,373 1,391 1,723 3. MAJOR ECONOMIC AGGREGATES Gross national income (GNI) 44,073 76,166 80,695 81,756 85,446 93,649 106,829 128,041 Exports of goods, serv. & inc. (XGS) 13,290 33,294 49,221 48,304 49,739 55,179 59,393 69,850 Worker remit. & comp. of employees 1,465 5,360 6,212 9,735 10,243 11,471 13,566 15,251 Imports of goods & services (MGS) 16,437 35,722 51,928 49,096 50,156 54,089 58,132 64,652 International reserves (RES) 2,036 7,781 15,074 16,321 17,084 16,234 18,474 22,963 Current account balance -2,695 -1,980 -2,225 -279 288 1,633 1,984 5,897 4. DEBT INDICATORS EDT / XGS (%) 230.1 118.3 118.5 124.0 125.8 110.7 103.9 86.4 EDT / GNI (%) 69.4 51.7 72.3 73.3 73.2 65.2 57.8 47.1 TDS / XGS (%) 27.0 16.1 14.3 21.1 20.5 20.8 16.7 19.6 INT / XGS (%) 13.3 6.8 6.1 6.5 5.7 6.8 6.0 5.6 INT / GNI (%) 4.0 3.0 3.7 3.8 3.3 4.0 3.3 3.0 RES / EDT (%) 6.7 19.8 25.9 27.2 27.3 26.6 29.9 38.1 RES / MGS (months) 1.5 2.6 3.5 4.0 4.1 3.6 3.8 4.3 Short-term / EDT (%) 14.5 13.4 9.4 9.3 9.9 8.3 10.4 8.3 Concessional / EDT (%) 20.0 28.4 21.5 20.6 22.4 23.5 20.4 20.7 Multilateral / EDT (%) 20.5 21.6 12.4 11.6 11.9 11.9 10.7 11.4 312 PHILIPPINES (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 5. LONG-TERM DEBT DEBT OUTSTANDING (LDOD) 25,241 33,372 50,777 52,661 55,213 55,293 54,934 55,315 Public and publicly guaranteed 24,040 28,525 33,744 32,319 36,147 36,108 35,424 36,793 Official creditors 15,301 22,626 19,890 19,170 21,112 21,108 18,592 18,621 Multilateral 6,273 8,490 7,207 6,965 7,434 7,297 6,620 6,873 Concessional 457 987 1,074 1,101 1,229 1,260 1,123 1,112 Bilateral 9,029 14,137 12,683 12,204 13,678 13,810 11,972 11,748 Concessional 5,649 10,207 11,459 11,266 12,800 13,086 11,443 11,355 Private creditors 8,739 5,899 13,855 13,149 15,034 15,001 16,832 18,172 of which: Bonds 825 4,666 10,466 10,735 12,578 12,149 14,290 16,256 Commercial banks 6,660 416 2,482 1,447 1,320 1,558 1,413 808 Private nonguaranteed 1,201 4,847 17,033 20,342 19,066 19,184 19,510 18,522 Bonds 0 1,925 2,856 3,920 4,154 3,465 2,975 2,476 Commercial banks and other 1,201 2,922 14,177 16,422 14,912 15,720 16,535 16,046 Memo: IBRD 3,943 5,002 3,627 3,325 3,445 3,317 2,885 2,690 IDA 101 183 207 208 215 214 197 196 Public sector LDOD 23,667 28,369 33,674 32,248 36,071 36,031 35,355 36,726 Private sector LDOD 1,573 5,003 17,103 20,413 19,142 19,262 19,579 18,588 DISBURSEMENTS 2,516 2,840 5,747 6,742 7,402 8,310 6,446 8,363 Public and publicly guaranteed 2,224 1,816 5,228 4,608 5,211 6,615 3,795 7,339 Official creditors 1,373 1,413 1,528 1,382 1,706 1,227 1,144 1,879 Multilateral 854 621 386 404 568 325 381 973 Concessional 121 63 43 19 36 27 16 9 Bilateral 519 792 1,142 978 1,138 902 763 906 Concessional 462 733 1,079 961 1,095 872 735 902 Private creditors 852 403 3,701 3,226 3,505 5,388 2,651 5,459 of which: Bonds 575 278 2,630 2,811 2,479 4,405 2,384 5,248 Commercial banks 167 102 997 331 885 599 221 159 Private nonguaranteed 291 1,024 519 2,134 2,191 1,695 2,651 1,024 Bonds 0 864 5 698 585 283 250 0 Commercial banks and other 291 161 514 1,436 1,606 1,411 2,401 1,024 Memo: IBRD 506 393 152 178 201 145 129 132 IDA 0 10 10 0 0 0 0 0 PRINCIPAL REPAYMENTS 1,473 2,737 4,047 6,653 6,733 7,240 6,073 9,384 Public and publicly guaranteed 1,411 2,587 2,515 3,488 3,774 4,600 3,341 5,727 Official creditors 439 2,204 1,572 1,440 1,615 1,749 1,775 1,909 Multilateral 388 651 562 572 594 606 644 790 Concessional 6 6 16 26 30 36 33 38 Bilateral 51 1,553 1,009 868 1,021 1,143 1,131 1,119 Concessional 21 678 668 706 826 935 967 956 Private creditors 972 383 943 2,047 2,159 2,851 1,566 3,817 of which: Bonds 180 32 395 1,902 1,105 2,187 1,209 2,911 Commercial banks 743 76 474 80 980 568 265 828 Private nonguaranteed 62 150 1,533 3,165 2,959 2,640 2,732 3,658 Bonds 0 0 445 999 320 679 333 604 Commercial banks and other 62 150 1,088 2,166 2,639 1,961 2,399 3,054 Memo: IBRD 301 413 349 322 338 372 376 383 IDA 1 2 3 5 6 7 7 7 INTEREST PAYMENTS (LINT) 1,573 1,859 2,469 2,924 2,699 3,540 3,245 3,518 Public and publicly guaranteed 1,486 1,707 1,882 2,037 1,869 2,246 2,401 2,733 Official creditors 749 1,320 841 692 647 621 576 580 Multilateral 444 604 414 330 295 262 258 280 Concessional 4 10 11 10 11 11 11 11 Bilateral 305 716 427 363 351 359 318 300 Concessional 125 406 347 299 301 326 288 278 Private creditors 737 387 1,041 1,345 1,222 1,625 1,825 2,153 of which: Bonds 31 287 880 1,169 1,159 1,549 1,725 2,033 Commercial banks 671 34 130 147 39 48 70 92 Private nonguaranteed 87 152 586 887 830 1,294 845 785 Bonds 0 82 479 323 318 326 283 255 Commercial banks and other 87 70 108 565 512 968 562 531 Memo: IBRD 296 376 223 158 140 122 124 141 IDA 1 1 2 2 2 2 2 1 313 PHILIPPINES (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 6. CURRENCY COMPOSITION OF PUBLIC AND PUBLICLY GUARANTEED DEBT (PERCENT) Euro .. .. .. 4.6 5.7 5.8 5.5 5.7 Japanese yen 31.0 39.2 38.2 40.0 39.6 40.0 34.7 32.6 Pound sterling 1.0 0.2 0.1 0.1 0.1 0.1 0.1 0.1 Swiss franc 0.5 0.3 0.1 0.1 0.2 0.3 0.2 0.2 U.S.dollars 36.2 27.3 42.2 40.7 41.6 41.8 49.5 52.9 7. DEBT RESTRUCTURINGS Total amount rescheduled 1,068 0 0 0 0 0 0 0 Debt stock rescheduled 0 0 0 0 0 0 0 0 Principal rescheduled 848 0 0 0 0 0 0 0 Official 172 0 0 0 0 0 0 0 Private 676 0 0 0 0 0 0 0 Interest rescheduled 186 0 0 0 0 0 0 0 Official 107 0 0 0 0 0 0 0 Private 80 0 0 0 0 0 0 0 Debt forgiven 0 0 0 0 0 0 0 0 Memo: interest forgiven 0 0 0 0 0 0 0 0 Debt stock reduction 1,803 0 0 0 0 0 0 0 of which debt buyback 721 0 0 0 0 0 0 0 8. DEBT STOCK-FLOW RECONCILIATION Total change in debt stocks 1,927 -878 -17 1,653 2,683 -1,495 623 -1,394 Net flows on debt 1,123 -696 2,551 -757 681 -535 1,405 -2,808 Cross-currency valuation 1,542 -250 -2,207 1,948 2,455 767 -2,504 185 9. AVERAGE TERMS OF NEW COMMITMENTS ALL CREDITORS Interest (%) 6.2 4.8 6.8 6.3 5.6 6.7 6.9 5.8 Maturity (years) 21.9 24.2 16.4 12.9 9.4 10.0 12.3 18.8 Grace period (years) 7.4 8.2 9.8 9.1 6.8 8.0 9.4 9.6 Grant element (%) 28.2 39.7 19.6 23.5 18.2 13.9 17.3 26.3 Official creditors Interest (%) 5.1 4.3 3.3 1.7 1.8 2.8 3.1 4.9 Maturity (years) 24.4 26.7 28.1 29.2 21.4 21.9 19.5 17.2 Grace period (years) 7.3 7.8 7.3 8.8 6.2 6.6 5.4 5.1 Grant element (%) 36.8 43.6 51.4 65.0 55.9 50.7 44.5 32.2 Private creditors Interest (%) 9.2 7.1 8.3 7.3 6.0 7.2 7.6 8.8 Maturity (years) 15.1 11.0 11.4 9.4 8.3 8.5 10.8 23.7 Grace period (years) 7.6 10.2 10.8 9.2 6.9 8.2 10.2 23.7 Grant element (%) 4.1 19.1 6.2 14.6 14.8 9.3 11.8 7.8 10. CONTRACTUAL OBLIGATIONS ON OUTSTANDING LONG-TERM DEBT 2007 2008 2009 2010 2011 2012 2013 2014 TOTAL Principal 5,601 5,161 4,905 5,436 4,776 2,763 2,656 2,935 Interest 3,038 2,760 2,531 2,265 1,973 1,734 1,592 1,440 Official creditors Principal 1,801 1,734 1,746 1,616 1,573 1,463 1,358 1,181 Interest 656 611 563 507 455 403 355 311 Bilateral creditors Principal 1,067 975 950 937 940 870 803 715 Interest 303 287 269 250 228 206 186 167 Multilateral creditors Principal 733 759 796 680 633 592 554 466 Interest 353 324 294 257 226 197 169 144 Private creditors Principal 3,801 3,428 3,159 3,819 3,203 1,301 1,298 1,754 Interest 2,382 2,149 1,968 1,758 1,519 1,331 1,237 1,129 Notes: Long-term private nonguaranteed debt includes the following monitored aggregate private-sector debt: unregistered debt, intercompany debt and capital leases. Short-term debt are based on reports provided by the country. 314 POLAND (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 1. SUMMARY DEBT DATA TOTAL DEBT STOCKS (EDT) 49,364 44,080 64,834 76,677 93,750 97,333 98,821 125,831 Long-term debt (LDOD) 39,261 41,902 55,166 62,773 74,250 80,486 81,118 104,476 Public and publicly guaranteed 39,261 40,890 29,775 27,544 33,251 34,738 35,094 39,248 Private nonguaranteed 0 1,012 25,390 35,229 40,999 45,748 46,024 65,228 Use of IMF credit 509 0 0 0 0 0 0 0 Short-term debt 9,595 2,178 9,668 13,904 19,500 16,847 17,703 21,355 of which interest arrears on LDOD 8,315 136 118 0 0 0 0 0 Official creditors 6,568 136 0 0 0 0 0 0 Private creditors 1,747 0 118 0 0 0 0 0 Memorandum items Principal arrears on LDOD 5,670 624 3 2 0 0 0 0 Official creditors 4,284 619 0 0 0 0 0 0 Private creditors 1,386 5 3 2 0 0 0 0 TOTAL DEBT FLOWS Disbursements 1,025 1,279 10,174 11,685 18,675 31,884 37,182 47,290 Long-term debt 540 1,279 10,174 11,685 18,675 31,884 37,182 47,290 IMF purchases 485 0 0 0 0 0 0 0 Principal repayments 635 2,279 7,668 10,964 16,551 31,320 30,596 32,244 Long-term debt 635 885 7,668 10,964 16,551 31,320 30,596 32,244 IMF repurchases 0 1,394 0 0 0 0 0 0 Net flows on debt 423 335 841 1,155 6,958 -2,090 7,442 18,699 of which short-term debt 33 1,335 -1,665 448 4,825 -2,653 856 3,652 Interest payments (INT) 332 1,858 2,488 2,403 2,497 3,255 3,474 3,800 Long-term debt 203 1,710 2,153 2,156 2,182 2,750 2,662 3,092 IMF charges 23 47 0 0 0 0 0 0 Short-term debt 105 102 336 247 315 505 812 708 Net transfers on debt 91 -1,523 -1,647 -1,356 4,350 -5,345 3,969 14,898 Total debt service paid (TDS) 966 4,138 10,156 13,367 19,048 34,576 34,070 36,044 Long-term debt 838 2,595 9,821 13,120 18,733 34,070 33,258 35,336 IMF repurchases and charges 23 1,440 0 0 0 0 0 0 Short-term debt (interest only) 105 102 336 247 315 505 812 708 2. OTHER NET RESOURCE FLOWS (LONG-TERM) Net flow of long-term debt (ex. IMF) -95 394 2,506 721 2,124 563 6,586 15,047 Foreign direct investment (net) 89 3,659 9,343 4,131 4,589 13,091 10,363 19,198 Portfolio equity flows 0 219 447 -545 -837 1,660 1,333 -2,134 Grants (excluding technical coop.) 26 3,408 674 819 1,100 1,424 0 0 of which: Debt forgiveness grants .. .. 0 0 0 0 0 0 IDA grants .. .. .. 0 0 0 0 0 Memo: technical coop. grants 0 334 110 76 110 119 0 0 Interest on long-term debt 203 1,710 2,153 2,156 2,182 2,750 2,662 3,092 Profit remittances on FDI 20 1,048 700 770 2,093 9,559 9,267 13,093 3. MAJOR ECONOMIC AGGREGATES Gross national income (GNI) 55,620 137,100 169,844 196,147 212,919 241,193 291,960 325,365 Exports of goods, serv. & inc. (XGS) 19,640 37,501 50,084 60,452 76,577 99,696 118,540 145,985 Worker remit. & comp. of employees 0 724 1,726 1,989 2,655 2,710 3,549 4,370 Imports of goods & services (MGS) 19,084 36,909 60,911 67,014 83,124 113,493 127,157 161,486 International reserves (RES) 4,674 14,957 27,469 29,784 33,959 36,773 42,561 48,474 Current account balance 3,067 854 -9,981 -5,009 -4,599 -10,693 -4,775 -11,084 4. DEBT INDICATORS EDT / XGS (%) 251.3 117.5 129.4 126.8 122.4 97.6 83.4 86.2 EDT / GNI (%) 88.8 32.2 38.2 39.1 44.0 40.4 33.8 38.7 TDS / XGS (%) 4.9 11.0 20.3 22.1 24.9 34.7 28.7 24.7 INT / XGS (%) 1.7 5.0 5.0 4.0 3.3 3.3 2.9 2.6 INT / GNI (%) 0.6 1.4 1.5 1.2 1.2 1.3 1.2 1.2 RES / EDT (%) 9.5 33.9 42.4 38.8 36.2 37.8 43.1 38.5 RES / MGS (months) 2.9 4.9 5.4 5.3 4.9 3.9 4.0 3.6 Short-term / EDT (%) 19.4 4.9 14.9 18.1 20.8 17.3 17.9 17.0 Concessional / EDT (%) 7.7 25.0 10.4 8.5 7.3 6.4 1.4 0.9 Multilateral / EDT (%) 1.1 4.7 3.4 3.1 2.6 2.0 1.8 1.6 315 POLAND (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 5. LONG-TERM DEBT DEBT OUTSTANDING (LDOD) 39,261 41,902 55,166 62,773 74,250 80,486 81,118 104,476 Public and publicly guaranteed 39,261 40,890 29,775 27,544 33,251 34,738 35,094 39,248 Official creditors 27,919 32,169 23,567 19,625 20,522 18,560 9,441 8,093 Multilateral 524 2,067 2,229 2,385 2,453 1,912 1,796 1,961 Concessional 0 0 0 0 0 0 0 0 Bilateral 27,395 30,102 21,338 17,240 18,069 16,648 7,645 6,132 Concessional 3,822 11,034 6,741 6,511 6,827 6,244 1,378 1,080 Private creditors 11,342 8,721 6,209 7,918 12,729 16,178 25,653 31,155 of which: Bonds 1 7,990 5,740 7,908 12,329 15,778 25,253 30,755 Commercial banks 9,759 556 456 10 400 400 400 400 Private nonguaranteed 0 1,012 25,390 35,229 40,999 45,748 46,024 65,228 Bonds 0 0 3,462 3,740 3,993 1,954 1,622 3,237 Commercial banks and other 0 1,012 21,928 31,489 37,006 43,793 44,402 61,991 Memo: IBRD 55 2,067 2,229 2,385 2,453 1,912 1,796 1,961 IDA 0 0 0 0 0 0 0 0 Public sector LDOD 39,259 40,887 29,774 27,543 33,251 34,738 35,094 39,248 Private sector LDOD 2 1,015 25,392 35,229 40,999 45,748 46,024 65,228 DISBURSEMENTS 540 1,279 10,174 11,685 18,675 31,884 37,182 47,290 Public and publicly guaranteed 540 856 906 2,881 5,442 4,260 11,885 5,133 Official creditors 70 248 350 172 268 522 253 635 Multilateral 56 210 349 172 143 399 253 196 Concessional 0 0 0 0 0 0 0 0 Bilateral 14 38 0 0 125 123 0 439 Concessional 10 7 0 0 0 0 0 0 Private creditors 470 608 557 2,709 5,174 3,738 11,633 4,498 of which: Bonds 0 250 554 2,709 5,174 3,738 11,633 4,498 Commercial banks 300 353 2 0 0 0 0 0 Private nonguaranteed 0 423 9,268 8,803 13,234 27,623 25,297 42,158 Bonds 0 0 809 0 226 365 0 0 Commercial banks and other 0 423 8,459 8,803 13,008 27,258 25,297 42,158 Memo: IBRD 54 210 349 172 143 399 253 196 IDA 0 0 0 0 0 0 0 0 PRINCIPAL REPAYMENTS 635 885 7,668 10,964 16,551 31,320 30,596 32,244 Public and publicly guaranteed 635 611 2,272 2,736 3,794 3,629 7,767 3,827 Official creditors 147 332 799 1,229 1,979 3,329 7,767 2,611 Multilateral 46 158 199 206 352 1,076 174 180 Concessional 0 0 0 0 0 0 0 0 Bilateral 101 173 600 1,023 1,627 2,253 7,593 2,430 Concessional 43 44 200 341 506 690 4,343 318 Private creditors 488 279 1,473 1,507 1,814 300 0 1,216 of which: Bonds 0 0 1,224 1,350 1,805 300 0 1,216 Commercial banks 400 192 235 154 9 0 0 0 Private nonguaranteed 0 275 5,396 8,228 12,758 27,691 22,829 28,417 Bonds 0 0 0 50 0 335 249 246 Commercial banks and other 0 275 5,396 8,178 12,758 27,357 22,580 28,171 Memo: IBRD 0 19 199 206 352 1,076 174 180 IDA 0 0 0 0 0 0 0 0 INTEREST PAYMENTS (LINT) 203 1,710 2,153 2,156 2,182 2,750 2,662 3,092 Public and publicly guaranteed 203 1,654 1,067 845 966 982 993 1,305 Official creditors 113 1,215 653 483 468 466 273 159 Multilateral 31 148 122 106 95 91 50 64 Concessional 0 0 0 0 0 0 0 0 Bilateral 82 1,067 531 377 373 375 222 95 Concessional 56 477 295 275 290 291 169 80 Private creditors 90 439 414 362 498 516 720 1,146 of which: Bonds 0 378 380 358 497 508 706 1,125 Commercial banks 74 47 34 4 1 8 14 22 Private nonguaranteed 0 56 1,086 1,311 1,216 1,768 1,669 1,787 Bonds 0 0 193 283 563 116 127 236 Commercial banks and other 0 56 892 1,027 652 1,652 1,542 1,551 Memo: IBRD 1 133 122 106 95 91 50 64 IDA 0 0 0 0 0 0 0 0 316 POLAND (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 6. CURRENCY COMPOSITION OF PUBLIC AND PUBLICLY GUARANTEED DEBT (PERCENT) Euro .. .. .. 43.7 54.2 59.0 61.6 66.5 Japanese yen 2.9 3.6 4.6 4.3 4.5 6.0 7.8 8.3 Pound sterling 3.8 2.5 3.1 5.7 5.0 4.9 2.0 2.0 Swiss franc 9.2 1.9 2.3 2.7 2.3 3.1 5.3 5.0 U.S.dollars 32.2 45.7 46.1 35.1 26.9 23.1 20.7 16.4 7. DEBT RESTRUCTURINGS Total amount rescheduled 3,559 0 0 0 0 0 0 0 Debt stock rescheduled 0 0 0 0 0 0 0 0 Principal rescheduled 1,366 219 0 0 0 0 0 0 Official 746 0 0 0 0 0 0 0 Private 620 219 0 0 0 0 0 0 Interest rescheduled 2,163 0 0 0 0 0 0 0 Official 1,998 0 0 0 0 0 0 0 Private 165 0 0 0 0 0 0 0 Debt forgiven 232 0 0 0 2 0 83 0 Memo: interest forgiven 61 0 0 0 0 0 0 0 Debt stock reduction 284 0 943 0 0 0 0 0 of which debt buyback 0 0 943 0 0 0 0 0 8. DEBT STOCK-FLOW RECONCILIATION Total change in debt stocks 6,279 1,590 -139 10,969 17,073 3,583 1,488 27,010 Net flows on debt 423 335 841 1,155 6,958 -2,090 7,442 18,699 Cross-currency valuation 2,795 1,404 -1,216 2,241 3,236 1,623 -3,215 2,691 9. AVERAGE TERMS OF NEW COMMITMENTS ALL CREDITORS Interest (%) 7.5 7.8 6.3 5.9 5.4 3.4 3.8 3.5 Maturity (years) 15.3 2.9 11.2 9.6 10.7 8.0 16.2 11.4 Grace period (years) 5.1 2.9 8.7 9.5 5.6 7.8 15.9 10.9 Grant element (%) 14.6 5.0 22.4 24.4 23.9 31.7 44.5 41.8 Official creditors Interest (%) 7.2 0.0 7.1 2.5 6.9 2.6 2.5 4.8 Maturity (years) 17.8 0.0 14.5 16.1 12.7 11.0 13.5 14.8 Grace period (years) 5.6 0.0 5.2 5.1 0.7 9.2 6.3 5.3 Grant element (%) 18.0 0.0 16.3 46.1 12.8 45.6 44.9 30.6 Private creditors Interest (%) 8.5 7.8 6.0 5.9 4.3 3.5 3.8 3.4 Maturity (years) 7.4 2.9 10.0 9.6 9.2 7.6 16.2 11.2 Grace period (years) 3.6 2.9 10.0 9.6 9.2 7.6 16.1 11.2 Grant element (%) 3.9 5.0 24.5 24.3 32.1 30.1 44.5 42.5 10. CONTRACTUAL OBLIGATIONS ON OUTSTANDING LONG-TERM DEBT 2007 2008 2009 2010 2011 2012 2013 2014 TOTAL Principal 14,690 11,442 9,120 8,265 8,633 5,919 7,324 4,529 Interest 5,067 4,355 3,791 2,147 1,977 1,639 1,421 1,099 Official creditors Principal 2,388 2,624 1,488 179 369 238 170 478 Interest 322 215 97 61 51 40 32 18 Bilateral creditors Principal 2,198 2,456 1,334 28 29 30 31 21 Interest 242 144 32 3 2 2 1 0 Multilateral creditors Principal 190 167 155 151 340 207 139 457 Interest 79 71 64 58 49 39 31 18 Private creditors Principal 12,301 8,818 7,632 8,085 8,263 5,681 7,154 4,051 Interest 4,745 4,140 3,695 2,086 1,925 1,599 1,388 1,081 Notes: Short term debt is based on reports provided by the country 317 ROMANIA (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 1. SUMMARY DEBT DATA TOTAL DEBT STOCKS (EDT) 1,140 6,832 11,160 16,688 22,624 29,581 39,077 55,114 Long-term debt (LDOD) 230 4,491 9,945 14,964 19,525 24,751 31,187 37,285 Public and publicly guaranteed 223 3,957 6,583 9,029 11,724 13,662 13,330 14,204 Private nonguaranteed 7 534 3,362 5,935 7,801 11,089 17,858 23,081 Use of IMF credit 0 1,038 453 428 595 443 261 104 Short-term debt 910 1,303 763 1,296 2,503 4,386 7,629 17,725 of which interest arrears on LDOD 0 0 12 13 11 12 13 10 Official creditors 0 0 4 4 5 5 6 6 Private creditors 0 0 8 9 6 7 7 4 Memorandum items Principal arrears on LDOD 0 0 16 28 26 40 36 260 Official creditors 0 0 0 1 1 2 5 228 Private creditors 0 0 16 27 24 38 31 32 TOTAL DEBT FLOWS Disbursements 26 1,513 3,258 4,840 5,035 7,841 12,918 11,232 Long-term debt 26 1,455 3,144 4,733 4,804 7,841 12,918 11,232 IMF purchases 0 57 114 107 231 0 0 0 Principal repayments 4 675 1,801 2,514 2,702 3,573 5,331 6,458 Long-term debt 4 302 1,705 2,415 2,591 3,402 5,179 6,291 IMF repurchases 0 373 96 98 111 171 152 167 Net flows on debt 44 1,174 1,843 2,629 3,543 6,150 10,829 14,872 of which short-term debt 22 337 386 303 1,210 1,881 3,241 10,099 Interest payments (INT) 14 321 698 669 865 1,142 1,594 2,220 Long-term debt 0 206 632 627 815 1,006 1,249 1,405 IMF charges 0 69 24 11 9 14 13 10 Short-term debt 14 47 42 32 42 122 332 806 Net transfers on debt 30 853 1,145 1,960 2,678 5,008 9,235 12,653 Total debt service paid (TDS) 18 997 2,500 3,183 3,568 4,715 6,925 8,678 Long-term debt 4 508 2,337 3,042 3,406 4,408 6,428 7,696 IMF repurchases and charges 0 441 120 109 120 185 165 177 Short-term debt (interest only) 14 47 42 32 42 122 332 806 2. OTHER NET RESOURCE FLOWS (LONG-TERM) Net flow of long-term debt (ex. IMF) 22 1,153 1,439 2,317 2,213 4,439 7,739 4,941 Foreign direct investment (net) 0 419 1,037 1,144 1,844 6,443 6,482 11,394 Portfolio equity flows 0 0 58 21 69 111 229 301 Grants (excluding technical coop.) 2 35 193 260 398 739 0 0 of which: Debt forgiveness grants .. .. 0 0 0 0 0 0 IDA grants .. .. .. 0 0 0 0 0 Memo: technical coop. grants 2 152 109 127 143 149 0 0 Interest on long-term debt 0 206 632 627 815 1,006 1,249 1,405 Profit remittances on FDI 0 28 72 197 254 2,594 2,926 4,164 3. MAJOR ECONOMIC AGGREGATES Gross national income (GNI) 38,455 35,222 36,768 45,366 58,163 72,342 95,722 118,370 Exports of goods, serv. & inc. (XGS) 6,555 9,489 12,440 16,643 21,032 27,550 38,100 47,053 Worker remit. & comp. of employees 0 9 96 143 124 132 4,733 6,718 Imports of goods & services (MGS) 9,915 11,628 14,653 19,697 26,190 37,611 47,298 60,454 International reserves (RES) 1,374 2,624 3,396 7,286 9,449 16,095 21,601 30,206 Current account balance -3,254 -1,774 -1,355 -1,525 -3,311 -6,382 -8,504 -12,785 4. DEBT INDICATORS EDT / XGS (%) 17.4 72.0 89.7 100.3 107.6 107.4 102.6 117.1 EDT / GNI (%) 3.0 19.4 30.4 36.8 38.9 40.9 40.8 46.6 TDS / XGS (%) 0.3 10.5 20.1 19.1 17.0 17.1 18.2 18.4 INT / XGS (%) 0.2 3.4 5.6 4.0 4.1 4.1 4.2 4.7 INT / GNI (%) 0.0 0.9 1.9 1.5 1.5 1.6 1.7 1.9 RES / EDT (%) 120.5 38.4 30.4 43.7 41.8 54.4 55.3 54.8 RES / MGS (months) 1.7 2.7 2.8 4.4 4.3 5.1 5.5 6.0 Short-term / EDT (%) 79.8 19.1 6.8 7.8 11.1 14.8 19.5 32.2 Concessional / EDT (%) 19.2 6.2 3.1 1.6 1.7 1.7 2.2 2.0 Multilateral / EDT (%) 0.0 24.7 30.1 25.0 21.5 18.9 14.3 11.1 318 ROMANIA (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 5. LONG-TERM DEBT DEBT OUTSTANDING (LDOD) 230 4,491 9,945 14,964 19,525 24,751 31,187 37,285 Public and publicly guaranteed 223 3,957 6,583 9,029 11,724 13,662 13,330 14,204 Official creditors 218 2,998 4,149 4,894 5,578 6,273 6,152 6,694 Multilateral 0 1,685 3,364 4,176 4,862 5,577 5,602 6,112 Concessional 0 0 15 22 42 183 462 629 Bilateral 218 1,312 785 718 716 696 550 583 Concessional 218 424 329 251 332 333 393 488 Private creditors 5 959 2,434 4,134 6,146 7,389 7,178 7,510 of which: Bonds 0 0 736 1,101 2,210 2,179 2,123 2,371 Commercial banks 0 250 1,157 2,643 3,594 4,962 4,874 5,000 Private nonguaranteed 7 534 3,362 5,935 7,801 11,089 17,858 23,081 Bonds 0 0 0 0 0 0 0 0 Commercial banks and other 7 534 3,362 5,935 7,801 11,089 17,858 23,081 Memo: IBRD 0 844 1,898 2,173 2,296 2,522 2,448 2,481 IDA 0 0 0 0 0 0 0 0 Public sector LDOD 223 3,899 6,440 8,891 11,531 13,249 12,962 13,840 Private sector LDOD 7 592 3,505 6,073 7,994 11,502 18,225 23,445 DISBURSEMENTS 26 1,455 3,144 4,733 4,804 7,841 12,918 11,232 Public and publicly guaranteed 23 1,185 1,937 2,595 2,674 2,827 2,637 1,321 Official creditors 19 873 1,083 724 686 1,111 1,016 684 Multilateral 0 361 932 610 578 953 891 559 Concessional 0 0 8 2 12 132 312 119 Bilateral 19 511 151 114 108 158 125 124 Concessional 19 286 57 29 60 52 119 119 Private creditors 5 312 854 1,871 1,988 1,716 1,621 637 of which: Bonds 0 0 139 142 792 0 623 0 Commercial banks 0 165 674 1,649 1,147 1,682 958 620 Private nonguaranteed 3 271 1,207 2,138 2,130 5,014 10,281 9,911 Bonds 0 0 0 0 0 0 0 0 Commercial banks and other 3 271 1,207 2,138 2,130 5,014 10,281 9,911 Memo: IBRD 0 128 384 335 131 305 282 140 IDA 0 0 0 0 0 0 0 0 PRINCIPAL REPAYMENTS 4 302 1,705 2,415 2,591 3,402 5,179 6,291 Public and publicly guaranteed 0 217 984 1,376 1,424 1,504 1,697 1,423 Official creditors 0 132 493 491 570 639 589 543 Multilateral 0 14 326 297 330 432 376 437 Concessional 0 0 0 0 0 1 1 2 Bilateral 0 118 168 194 239 207 213 106 Concessional 0 0 72 90 64 68 21 29 Private creditors 0 85 491 885 854 866 1,107 880 of which: Bonds 0 0 0 290 0 186 374 0 Commercial banks 0 13 328 455 691 547 646 813 Private nonguaranteed 4 86 721 1,039 1,167 1,898 3,482 4,868 Bonds 0 0 75 0 0 0 0 0 Commercial banks and other 4 86 646 1,039 1,167 1,898 3,482 4,868 Memo: IBRD 0 0 91 120 145 163 205 195 IDA 0 0 0 0 0 0 0 0 INTEREST PAYMENTS (LINT) 0 206 632 627 815 1,006 1,249 1,405 Public and publicly guaranteed 0 179 439 446 570 629 673 707 Official creditors 0 124 269 202 205 204 229 272 Multilateral 0 70 207 163 170 178 207 253 Concessional 0 0 1 1 1 1 8 16 Bilateral 0 54 62 39 35 27 23 20 Concessional 0 7 14 9 10 10 9 14 Private creditors 0 56 171 244 365 425 443 435 of which: Bonds 0 0 45 131 131 193 184 131 Commercial banks 0 8 76 86 206 217 248 295 Private nonguaranteed 0 27 193 181 245 376 576 697 Bonds 0 0 7 0 0 0 0 0 Commercial banks and other 0 27 186 181 245 376 576 697 Memo: IBRD 0 53 104 76 69 65 88 111 IDA 0 0 0 0 0 0 0 0 319 ROMANIA (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 6. CURRENCY COMPOSITION OF PUBLIC AND PUBLICLY GUARANTEED DEBT (PERCENT) Euro .. .. .. 49.8 57.6 58.6 58.9 64.1 Japanese yen 0.0 2.7 5.3 1.6 2.3 2.4 3.2 3.4 Pound sterling 0.0 0.0 0.0 0.0 0.5 1.0 1.3 1.1 Swiss franc 89.5 1.8 0.9 0.9 0.9 0.8 0.7 0.6 U.S.dollars 9.8 34.4 42.5 34.8 27.1 27.2 26.9 22.8 7. DEBT RESTRUCTURINGS Total amount rescheduled 0 0 0 0 0 0 0 0 Debt stock rescheduled 0 0 0 0 0 0 0 0 Principal rescheduled 0 0 0 0 0 0 1 0 Official 0 0 0 0 0 0 0 0 Private 0 0 0 0 0 0 1 0 Interest rescheduled 0 0 0 0 0 0 1 0 Official 0 0 0 0 0 0 0 0 Private 0 0 0 0 0 0 1 0 Debt forgiven 0 0 0 0 0 2 0 0 Memo: interest forgiven 0 0 0 85 81 0 19 0 Debt stock reduction 0 0 0 0 0 0 0 0 of which debt buyback 0 0 0 0 0 0 0 0 8. DEBT STOCK-FLOW RECONCILIATION Total change in debt stocks 53 1,230 2,154 4,043 5,936 6,957 9,496 16,037 Net flows on debt 44 1,174 1,843 2,629 3,543 6,150 10,829 14,872 Cross-currency valuation 39 123 -254 695 1,035 609 -1,175 914 9. AVERAGE TERMS OF NEW COMMITMENTS ALL CREDITORS Interest (%) 7.6 6.1 7.4 5.5 3.6 3.9 2.5 4.5 Maturity (years) 10.7 12.2 11.5 10.8 11.3 9.7 18.7 15.6 Grace period (years) 4.5 4.0 3.3 4.8 4.3 3.5 6.6 4.8 Grant element (%) 13.2 18.8 14.3 20.6 31.8 27.0 49.5 31.9 Official creditors Interest (%) 2.7 6.0 5.9 3.6 1.8 5.8 2.0 4.7 Maturity (years) 25.5 13.3 17.1 17.5 20.3 12.7 22.2 18.3 Grace period (years) 10.0 4.3 4.2 4.8 5.6 5.1 6.1 5.6 Grant element (%) 57.3 20.5 24.7 39.3 55.8 31.5 55.8 33.9 Private creditors Interest (%) 8.4 6.9 9.1 6.0 4.3 3.0 3.8 4.1 Maturity (years) 8.2 7.2 5.7 9.2 7.4 8.2 10.0 11.8 Grace period (years) 3.6 2.7 2.5 4.8 3.7 2.7 7.8 3.8 Grant element (%) 5.8 10.5 3.5 15.8 21.3 24.8 34.0 29.2 10. CONTRACTUAL OBLIGATIONS ON OUTSTANDING LONG-TERM DEBT 2007 2008 2009 2010 2011 2012 2013 2014 TOTAL Principal 4,852 4,917 4,067 4,749 3,717 4,618 3,644 3,512 Interest 2,323 2,104 1,800 1,576 1,310 1,060 810 601 Official creditors Principal 724 744 783 726 690 732 752 738 Interest 345 338 323 301 280 258 231 200 Bilateral creditors Principal 74 55 53 36 39 38 38 36 Interest 18 16 14 13 12 11 10 8 Multilateral creditors Principal 650 689 729 690 651 694 714 702 Interest 327 322 308 288 268 247 222 192 Private creditors Principal 4,129 4,174 3,284 4,024 3,027 3,885 2,891 2,775 Interest 1,978 1,766 1,477 1,276 1,030 802 578 401 Notes: Short-term debt are based on reports provided by the country. 320 RUSSIAN FEDERATION (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 1. SUMMARY DEBT DATA TOTAL DEBT STOCKS (EDT) .. 121,401 159,993 147,373 175,699 196,799 229,073 251,067 Long-term debt (LDOD) .. 101,582 132,751 124,573 140,173 166,788 201,943 210,619 Public and publicly guaranteed .. 101,582 110,989 96,059 99,051 102,910 75,390 50,254 Private nonguaranteed .. 0 21,762 28,514 41,121 63,878 126,552 160,364 Use of IMF credit .. 9,617 11,613 6,481 5,069 3,562 0 0 Short-term debt .. 10,201 15,630 16,319 30,457 26,449 27,131 40,448 of which interest arrears on LDOD .. 5,851 4,530 4,319 3,257 3,103 3,151 743 Official creditors .. 1,236 4,454 4,251 3,190 3,035 3,082 672 Private creditors .. 4,616 76 67 67 67 69 70 Memorandum items Principal arrears on LDOD .. 22,417 7,368 4,853 4,057 2,052 2,064 1,060 Official creditors .. 4,138 6,602 4,603 3,807 1,802 1,814 810 Private creditors .. 18,279 766 250 250 250 250 250 TOTAL DEBT FLOWS Disbursements .. 8,536 1,387 5,961 14,342 25,743 54,168 38,791 Long-term debt .. 3,083 1,387 5,961 14,342 25,743 54,168 38,791 IMF purchases .. 5,453 0 0 0 0 0 0 Principal repayments .. 3,273 6,221 7,011 10,897 12,725 32,487 37,479 Long-term debt .. 3,273 3,333 5,525 9,001 11,069 29,098 37,479 IMF repurchases .. 0 2,888 1,486 1,897 1,656 3,389 0 Net flows on debt .. 4,913 -2,835 -2,650 12,747 9,164 22,315 17,038 of which short-term debt .. -350 2,000 -1,600 9,600 -3,854 634 15,726 Interest payments (INT) .. 2,885 5,604 7,160 8,242 8,367 9,448 12,744 Long-term debt .. 2,591 4,284 6,426 7,461 7,550 8,571 11,453 IMF charges .. 294 691 209 113 112 27 0 Short-term debt .. 0 630 525 669 705 850 1,291 Net transfers on debt .. 2,027 -8,439 -9,810 4,504 797 12,867 4,294 Total debt service paid (TDS) .. 6,158 11,825 14,171 19,140 21,093 41,935 50,223 Long-term debt .. 5,864 7,617 11,950 16,461 18,619 37,669 48,932 IMF repurchases and charges .. 294 3,579 1,695 2,010 1,768 3,415 0 Short-term debt (interest only) .. 0 630 525 669 705 850 1,291 2. OTHER NET RESOURCE FLOWS (LONG-TERM) Net flow of long-term debt (ex. IMF) .. -190 -1,947 436 5,342 14,674 25,070 1,312 Foreign direct investment (net) .. 2,065 2,714 3,461 7,958 15,444 12,886 30,827 Portfolio equity flows .. 46 150 2,626 422 233 -215 6,149 Grants (excluding technical coop.) .. 950 662 241 413 660 0 0 of which: Debt forgiveness grants .. .. 0 0 0 0 0 0 IDA grants .. .. .. 0 0 0 0 0 Memo: technical coop. grants .. 527 583 1,111 876 732 0 0 Interest on long-term debt .. 2,591 4,284 6,426 7,461 7,550 8,571 11,453 Profit remittances on FDI .. 197 887 2,969 12,521 10,294 19,483 34,601 3. MAJOR ECONOMIC AGGREGATES Gross national income (GNI) .. 392,156 252,972 338,888 418,316 578,973 745,512 958,377 Exports of goods, serv. & inc. (XGS) .. 97,268 119,350 126,821 163,515 216,725 286,772 365,124 Worker remit. & comp. of employees .. 2,503 1,275 1,359 1,453 2,495 2,919 3,091 Imports of goods & services (MGS) .. 90,459 72,580 96,723 127,419 155,436 200,669 268,564 International reserves (RES) .. 18,024 27,656 48,326 78,409 126,258 182,272 303,773 Current account balance .. 6,965 46,839 29,116 35,410 59,514 84,443 94,257 4. DEBT INDICATORS EDT / XGS (%) .. 124.8 134.1 116.2 107.5 90.8 79.9 68.8 EDT / GNI (%) .. 31.0 63.2 43.5 42.0 34.0 30.7 26.2 TDS / XGS (%) .. 6.3 9.9 11.2 11.7 9.7 14.6 13.8 INT / XGS (%) .. 3.0 4.7 5.6 5.0 3.9 3.3 3.5 INT / GNI (%) .. 0.7 2.2 2.1 2.0 1.4 1.3 1.3 RES / EDT (%) .. 14.8 17.3 32.8 44.6 64.2 79.6 121.0 RES / MGS (months) .. 2.4 4.6 6.0 7.4 9.7 10.9 13.6 Short-term / EDT (%) .. 8.4 9.8 11.1 17.3 13.4 11.8 16.1 Concessional / EDT (%) .. 1.2 0.8 0.6 0.4 1.0 0.8 0.6 Multilateral / EDT (%) .. 1.6 4.4 4.6 3.7 3.1 2.5 2.2 321 RUSSIAN FEDERATION (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 5. LONG-TERM DEBT DEBT OUTSTANDING (LDOD) .. 101,582 132,751 124,573 140,173 166,788 201,943 210,619 Public and publicly guaranteed .. 101,582 110,989 96,059 99,051 102,910 75,390 50,254 Official creditors .. 57,449 70,851 55,627 53,056 57,643 34,727 11,665 Multilateral .. 1,985 7,040 6,807 6,579 6,165 5,627 5,416 Concessional .. 0 0 0 0 0 27 0 Bilateral .. 55,464 63,811 48,821 46,476 51,478 29,100 6,249 Concessional .. 1,408 1,240 902 789 1,991 1,820 1,508 Private creditors .. 44,133 40,138 40,432 45,996 45,268 40,663 38,589 of which: Bonds .. 1,115 36,368 36,797 42,981 42,642 38,802 36,931 Commercial banks .. 16,674 440 452 2 0 0 0 Private nonguaranteed .. 0 21,762 28,514 41,121 63,878 126,552 160,364 Bonds .. 0 1,412 4,526 10,852 20,070 33,673 48,741 Commercial banks and other .. 0 20,350 23,989 30,269 43,807 92,879 111,624 Memo: IBRD .. 1,524 6,844 6,599 6,289 5,743 5,091 4,759 IDA .. 0 0 0 0 0 0 0 Public sector LDOD .. 101,582 110,989 96,059 99,051 102,910 75,390 50,254 Private sector LDOD .. 0 21,762 28,514 41,121 63,878 126,552 160,364 DISBURSEMENTS .. 3,083 1,387 5,961 14,342 25,743 54,168 38,791 Public and publicly guaranteed .. 3,083 1,007 763 854 712 556 534 Official creditors .. 1,092 746 576 418 383 441 534 Multilateral .. 855 574 246 348 334 409 520 Concessional .. 0 0 0 0 0 27 0 Bilateral .. 237 172 330 69 49 32 14 Concessional .. 133 0 42 6 33 0 0 Private creditors .. 1,990 261 187 436 329 115 0 of which: Bonds .. 0 0 0 0 0 0 0 Commercial banks .. 20 0 0 0 0 0 0 Private nonguaranteed .. 0 380 5,198 13,489 25,031 53,612 38,257 Bonds .. 0 75 3,493 6,686 9,675 14,620 16,192 Commercial banks and other .. 0 305 1,705 6,803 15,356 38,992 22,065 Memo: IBRD .. 824 540 229 233 172 251 324 IDA .. 0 0 0 0 0 0 0 PRINCIPAL REPAYMENTS .. 3,273 3,333 5,525 9,001 11,069 29,098 37,479 Public and publicly guaranteed .. 3,273 2,031 3,460 5,881 5,758 23,128 28,817 Official creditors .. 917 1,206 2,517 2,741 3,669 18,695 25,988 Multilateral .. 434 312 557 752 811 823 741 Concessional .. 0 0 0 0 0 0 0 Bilateral .. 483 894 1,959 1,988 2,858 17,871 25,247 Concessional .. 0 41 142 128 165 150 275 Private creditors .. 2,356 825 943 3,140 2,089 4,433 2,830 of which: Bonds .. 810 268 17 1,688 1,271 3,765 2,543 Commercial banks .. 51 19 9 485 2 0 0 Private nonguaranteed .. 0 1,302 2,065 3,120 5,311 5,971 8,661 Bonds .. 0 825 730 576 430 822 1,475 Commercial banks and other .. 0 477 1,335 2,544 4,881 5,149 7,186 Memo: IBRD .. 0 266 526 719 780 780 693 IDA .. 0 0 0 0 0 0 0 INTEREST PAYMENTS (LINT) .. 2,591 4,284 6,426 7,461 7,550 8,571 11,453 Public and publicly guaranteed .. 2,591 3,207 5,397 5,599 5,430 5,153 4,509 Official creditors .. 1,245 1,227 2,433 2,743 2,425 2,339 1,733 Multilateral .. 132 431 245 179 144 201 275 Concessional .. 0 0 0 0 0 0 0 Bilateral .. 1,113 796 2,187 2,565 2,281 2,137 1,458 Concessional .. 19 1 28 24 51 61 137 Private creditors .. 1,346 1,979 2,964 2,855 3,004 2,814 2,776 of which: Bonds .. 140 1,845 2,756 2,697 2,911 2,743 2,720 Commercial banks .. 600 4 34 36 0 0 0 Private nonguaranteed .. 0 1,077 1,029 1,862 2,120 3,418 6,944 Bonds .. 0 165 281 966 954 1,774 3,234 Commercial banks and other .. 0 912 748 897 1,166 1,644 3,710 Memo: IBRD .. 57 412 238 175 137 184 243 IDA .. 0 0 0 0 0 0 0 322 RUSSIAN FEDERATION (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 6. CURRENCY COMPOSITION OF PUBLIC AND PUBLICLY GUARANTEED DEBT (PERCENT) Euro .. .. .. 23.2 22.3 24.4 11.1 2.6 Japanese yen .. 2.0 0.8 1.1 1.3 1.2 1.3 1.7 Pound sterling .. 0.8 0.1 0.1 0.1 0.1 0.0 0.0 Swiss franc .. 2.8 0.0 0.0 0.0 0.0 0.0 0.0 U.S.dollars .. 52.1 71.6 69.1 70.4 69.1 81.5 86.5 7. DEBT RESTRUCTURINGS Total amount rescheduled .. 7,166 26,526 2,123 2,940 1,900 0 1,170 Debt stock rescheduled .. 0 17,369 0 0 201 0 0 Principal rescheduled .. 5,427 3,188 2,123 2,609 1,765 0 0 Official .. 2,069 2,782 2,123 2,609 1,765 0 0 Private .. 3,358 406 0 0 0 0 0 Interest rescheduled .. 1,122 4,356 0 345 0 0 0 Official .. 547 2,198 0 345 0 0 0 Private .. 575 2,157 0 0 0 0 0 Debt forgiven .. 0 0 0 0 0 0 0 Memo: interest forgiven .. 0 0 0 0 0 0 0 Debt stock reduction .. 0 11,600 0 0 0 0 0 of which debt buyback .. 0 0 0 0 0 0 0 8. DEBT STOCK-FLOW RECONCILIATION Total change in debt stocks .. -374 -14,761 -5,123 28,326 21,100 32,274 21,994 Net flows on debt .. 4,913 -2,835 -2,650 12,747 9,164 22,315 17,038 Cross-currency valuation .. 3,391 -3,063 4,855 5,490 2,064 -3,929 1,008 9. AVERAGE TERMS OF NEW COMMITMENTS ALL CREDITORS Interest (%) .. 7.0 7.2 2.7 3.2 4.0 4.4 0.0 Maturity (years) .. 15.6 11.5 13.7 14.6 15.6 17.1 0.0 Grace period (years) .. 5.0 3.3 4.8 3.5 2.9 4.1 0.0 Grant element (%) .. 16.8 13.0 40.9 36.5 33.0 33.5 0.0 Official creditors Interest (%) .. 7.0 7.3 2.7 2.5 3.0 4.2 0.0 Maturity (years) .. 16.7 16.8 14.1 14.0 15.1 17.3 0.0 Grace period (years) .. 5.6 5.3 4.9 4.1 4.2 4.8 0.0 Grant element (%) .. 18.1 16.0 41.6 40.4 40.0 35.8 0.0 Private creditors Interest (%) .. 7.0 7.1 2.8 5.1 5.1 5.1 0.0 Maturity (years) .. 11.8 8.1 6.5 16.2 16.2 16.2 0.0 Grace period (years) .. 2.5 2.1 3.5 1.7 1.7 1.7 0.0 Grant element (%) .. 12.2 11.0 26.9 25.8 25.8 25.8 0.0 10. CONTRACTUAL OBLIGATIONS ON OUTSTANDING LONG-TERM DEBT 2007 2008 2009 2010 2011 2012 2013 2014 TOTAL Principal 45,335 32,984 35,781 22,972 19,157 7,920 7,746 2,940 Interest 11,548 9,841 8,115 6,878 5,298 3,788 3,288 2,938 Official creditors Principal 1,472 1,345 1,170 1,119 1,044 921 777 694 Interest 530 470 414 362 306 254 208 168 Bilateral creditors Principal 527 420 301 299 293 293 258 254 Interest 202 179 161 146 131 117 103 91 Multilateral creditors Principal 946 926 869 820 751 628 519 440 Interest 328 291 254 216 175 137 105 77 Private creditors Principal 43,863 31,639 34,611 21,853 18,113 6,999 6,969 2,246 Interest 11,019 9,371 7,700 6,517 4,993 3,534 3,080 2,770 Notes: Data on long-term public and publicly guaranteed, short-term, and private nonguaranteed debt are based on data provided by the country and World Bank staff estimates. Data prior to 1992 are for the former Soviet Union. 323 RWANDA (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 1. SUMMARY DEBT DATA TOTAL DEBT STOCKS (EDT) 708 1,029 1,272 1,436 1,538 1,661 1,518 419 Long-term debt (LDOD) 661 971 1,147 1,305 1,416 1,543 1,420 390 Public and publicly guaranteed 661 971 1,147 1,305 1,416 1,543 1,420 390 Private nonguaranteed 0 0 0 0 0 0 0 0 Use of IMF credit 0 26 86 85 92 92 77 4 Short-term debt 47 32 38 45 30 25 22 25 of which interest arrears on LDOD 2 18 17 17 18 18 18 18 Official creditors 2 18 17 17 18 18 18 18 Private creditors 0 0 0 0 0 0 0 0 Memorandum items Principal arrears on LDOD 8 44 73 77 79 80 78 79 Official creditors 8 44 73 77 79 80 78 79 Private creditors 0 0 0 0 0 0 0 0 TOTAL DEBT FLOWS Disbursements 62 68 65 85 32 102 87 70 Long-term debt 62 54 40 85 31 100 85 68 IMF purchases 0 14 25 1 1 2 2 3 Principal repayments 9 11 24 11 13 13 14 22 Long-term debt 8 11 13 8 12 13 11 22 IMF repurchases 1 0 11 2 2 1 4 0 Net flows on debt 55 53 25 84 3 84 69 51 of which short-term debt 2 -4 -16 9 -16 -5 -3 3 Interest payments (INT) 11 9 11 6 8 11 9 9 Long-term debt 6 8 8 6 7 10 9 8 IMF charges 0 0 1 1 0 0 0 0 Short-term debt 5 0 1 0 0 0 0 0 Net transfers on debt 44 44 14 77 -5 73 60 42 Total debt service paid (TDS) 20 20 35 17 21 24 24 31 Long-term debt 14 20 21 14 19 23 19 30 IMF repurchases and charges 1 0 13 3 2 1 4 0 Short-term debt (interest only) 5 0 1 0 0 0 0 0 2. OTHER NET RESOURCE FLOWS (LONG-TERM) Net flow of long-term debt (ex. IMF) 54 43 27 77 20 88 74 46 Foreign direct investment (net) 8 2 8 3 5 8 8 11 Portfolio equity flows 0 0 0 0 0 0 0 0 Grants (excluding technical coop.) 145 566 211 199 220 320 412 1,484 of which: Debt forgiveness grants .. .. 16 17 21 20 39 1,128 IDA grants .. .. .. 0 2 60 66 19 Memo: technical coop. grants 90 97 56 81 94 98 107 128 Interest on long-term debt 6 8 8 6 7 10 9 8 Profit remittances on FDI 6 1 3 0 6 3 5 4 3. MAJOR ECONOMIC AGGREGATES Gross national income (GNI) 2,572 1,299 1,796 1,713 1,653 1,792 2,121 2,475 Exports of goods, serv. & inc. (XGS) 148 99 145 148 155 216 293 320 Worker remit. & comp. of employees 3 21 7 7 9 10 21 21 Imports of goods & services (MGS) 375 391 452 462 470 555 703 778 International reserves (RES) 44 99 191 244 215 315 406 440 Current account balance -85 57 -94 -126 -97 -35 -52 -180 4. DEBT INDICATORS EDT / XGS (%) 478.6 1,041.4 876.2 969.8 991.7 769.3 517.7 131.0 EDT / GNI (%) 27.5 79.2 70.8 83.8 93.0 92.7 71.6 16.9 TDS / XGS (%) 13.4 20.5 24.1 11.5 13.7 11.2 8.1 9.6 INT / XGS (%) 7.5 9.0 7.7 4.4 5.1 5.1 3.2 2.7 INT / GNI (%) 0.4 0.7 0.6 0.4 0.5 0.6 0.4 0.4 RES / EDT (%) 6.3 9.6 15.0 17.0 14.0 18.9 26.7 105.0 RES / MGS (months) 1.4 3.0 5.1 6.3 5.5 6.8 6.9 6.8 Short-term / EDT (%) 6.7 3.1 3.0 3.2 1.9 1.5 1.4 6.0 Concessional / EDT (%) 93.1 93.6 90.2 90.9 92.1 92.9 93.5 93.0 Multilateral / EDT (%) 76.6 79.1 78.4 80.6 82.5 84.4 89.7 80.0 324 RWANDA (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 5. LONG-TERM DEBT DEBT OUTSTANDING (LDOD) 661 971 1,147 1,305 1,416 1,543 1,420 390 Public and publicly guaranteed 661 971 1,147 1,305 1,416 1,543 1,420 390 Official creditors 661 971 1,147 1,305 1,416 1,543 1,420 390 Multilateral 542 814 997 1,157 1,269 1,402 1,362 335 Concessional 541 813 997 1,157 1,269 1,402 1,362 335 Bilateral 119 157 150 148 147 141 58 54 Concessional 118 150 150 148 147 141 58 54 Private creditors 0 0 0 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 Commercial banks and other 0 0 0 0 0 0 0 0 Memo: IBRD 0 0 0 0 0 0 0 0 IDA 340 512 692 826 909 1,020 980 169 Public sector LDOD 661 971 1,147 1,305 1,416 1,543 1,420 390 Private sector LDOD 0 0 0 0 0 0 0 0 DISBURSEMENTS 62 54 40 85 31 100 85 68 Public and publicly guaranteed 62 54 40 85 31 100 85 68 Official creditors 62 54 40 85 31 100 85 68 Multilateral 37 54 40 85 31 100 85 68 Concessional 37 54 40 85 31 100 85 68 Bilateral 26 0 0 0 0 0 0 0 Concessional 25 0 0 0 0 0 0 0 Private creditors 0 0 0 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 Commercial banks and other 0 0 0 0 0 0 0 0 Memo: IBRD 0 0 0 0 0 0 0 0 IDA 22 35 37 73 24 82 47 37 PRINCIPAL REPAYMENTS 8 11 13 8 12 13 11 22 Public and publicly guaranteed 8 11 13 8 12 13 11 22 Official creditors 7 11 13 8 12 13 11 22 Multilateral 5 11 10 3 4 4 6 18 Concessional 5 11 10 3 4 4 6 18 Bilateral 2 0 2 5 8 8 4 4 Concessional 2 0 1 5 8 8 4 4 Private creditors 1 0 0 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 Commercial banks and other 0 0 0 0 0 0 0 0 Memo: IBRD 0 0 0 0 0 0 0 0 IDA 1 6 6 0 0 0 0 8 INTEREST PAYMENTS (LINT) 6 8 8 6 7 10 9 8 Public and publicly guaranteed 6 8 8 6 7 10 9 8 Official creditors 6 8 8 6 7 10 9 8 Multilateral 4 8 7 4 5 8 9 8 Concessional 4 8 7 4 5 8 9 8 Bilateral 1 0 1 2 2 2 0 0 Concessional 1 0 1 2 2 2 0 0 Private creditors 0 0 0 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 Commercial banks and other 0 0 0 0 0 0 0 0 Memo: IBRD 0 0 0 0 0 0 0 0 IDA 2 7 5 2 3 6 6 5 325 RWANDA (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 6. CURRENCY COMPOSITION OF PUBLIC AND PUBLICLY GUARANTEED DEBT (PERCENT) Euro .. .. .. 7.1 7.1 6.6 4.2 6.8 Japanese yen 1.5 1.3 0.4 0.2 0.2 0.1 0.0 0.0 Pound sterling 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Swiss franc 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 U.S.dollars 38.8 45.6 58.6 62.0 62.5 63.5 63.8 53.9 7. DEBT RESTRUCTURINGS Total amount rescheduled 0 6 7 0 0 0 8 7 Debt stock rescheduled 0 0 0 0 0 0 8 0 Principal rescheduled 0 5 3 0 0 0 0 0 Official 0 5 3 0 0 0 0 0 Private 0 0 0 0 0 0 0 0 Interest rescheduled 0 2 1 0 0 0 0 0 Official 0 2 1 0 0 0 0 0 Private 0 0 0 0 0 0 0 0 Debt forgiven 0 0 0 14 16 18 18 8 Memo: interest forgiven 0 0 0 5 4 3 3 2 Debt stock reduction 0 0 0 0 0 0 77 1,127 of which debt buyback 0 0 0 0 0 0 0 0 8. DEBT STOCK-FLOW RECONCILIATION Total change in debt stocks 89 77 -21 152 103 123 -143 -1,099 Net flows on debt 55 53 25 84 3 84 69 51 Cross-currency valuation 9 -21 -37 61 68 34 -99 -946 9. AVERAGE TERMS OF NEW COMMITMENTS ALL CREDITORS Interest (%) 1.4 0.8 0.8 0.8 1.0 0.8 0.8 0.3 Maturity (years) 33.9 39.8 39.7 39.8 45.0 46.7 44.4 37.3 Grace period (years) 9.0 10.3 10.2 10.3 9.4 10.3 10.1 2.7 Grant element (%) 70.6 80.6 80.5 80.6 78.3 82.4 81.7 74.5 Official creditors Interest (%) 1.4 0.8 0.8 0.8 1.0 0.8 0.8 0.3 Maturity (years) 33.9 39.8 39.7 39.8 45.0 46.7 44.4 37.3 Grace period (years) 9.0 10.3 10.2 10.3 9.4 10.3 10.1 2.7 Grant element (%) 70.6 80.6 80.5 80.6 78.3 82.4 81.7 74.5 Private creditors Interest (%) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Maturity (years) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Grace period (years) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Grant element (%) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 10. CONTRACTUAL OBLIGATIONS ON OUTSTANDING LONG-TERM DEBT 2007 2008 2009 2010 2011 2012 2013 2014 TOTAL Principal 6 6 7 7 9 11 13 14 Interest 4 4 4 4 4 4 4 4 Official creditors Principal 6 6 7 7 9 11 13 14 Interest 4 4 4 4 4 4 4 4 Bilateral creditors Principal 2 2 2 2 1 1 1 1 Interest 0 0 0 0 0 0 0 0 Multilateral creditors Principal 4 5 6 6 8 9 11 12 Interest 4 4 4 4 4 4 4 4 Private creditors Principal 0 0 0 0 0 0 0 0 Interest 0 0 0 0 0 0 0 0 Notes: Rwanda was granted debt relief effective in 2006 under the Multilateral Debt Relief Initiative. Data on long-term public and publicly guaranteed debt for 2006 are World Bank staff estimates. Rescheduling: Debt data include the effects of Paris Club agreements signed in 2005. 326 SAMOA (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 1. SUMMARY DEBT DATA TOTAL DEBT STOCKS (EDT) 92.0 170.4 197.4 234.4 373.4 570.7 656.3 857.9 Long-term debt (LDOD) 91.0 168.1 147.3 156.8 177.7 185.7 177.3 205.9 Public and publicly guaranteed 91.0 168.1 147.3 156.8 177.7 185.7 177.3 205.9 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Use of IMF credit 0.8 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Short-term debt 0.2 2.3 50.1 77.6 195.7 385.1 479.0 652.0 of which interest arrears on LDOD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Official creditors 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private creditors 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memorandum items Principal arrears on LDOD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Official creditors 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private creditors 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 TOTAL DEBT FLOWS Disbursements 15.4 12.7 6.7 2.8 4.9 5.2 10.4 26.9 Long-term debt 15.4 12.7 6.7 2.8 4.9 5.2 10.4 26.9 IMF purchases 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal repayments 4.1 3.0 4.2 3.5 4.2 4.7 4.5 5.1 Long-term debt 3.3 3.0 4.2 3.5 4.2 4.7 4.5 5.1 IMF repurchases 0.9 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Net flows on debt 11.3 11.9 16.8 15.8 118.7 189.8 99.8 194.8 of which short-term debt 0.1 2.1 14.3 16.6 118.1 189.4 93.9 173.0 Interest payments (INT) 1.3 1.7 4.3 4.3 8.9 16.5 17.9 24.4 Long-term debt 1.2 1.6 1.4 1.3 1.4 1.7 1.6 3.1 IMF charges 0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Short-term debt 0.0 0.1 2.9 3.0 7.5 14.8 16.3 21.3 Net transfers on debt 9.9 10.2 12.5 11.6 109.8 173.4 81.9 170.4 Total debt service paid (TDS) 5.5 4.6 8.5 7.8 13.2 21.2 22.4 29.5 Long-term debt 4.4 4.6 5.6 4.8 5.7 6.4 6.1 8.2 IMF repurchases and charges 1.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Short-term debt (interest only) 0.0 0.1 2.9 3.0 7.5 14.8 16.3 21.3 2. OTHER NET RESOURCE FLOWS (LONG-TERM) Net flow of long-term debt (ex. IMF) 12.1 9.8 2.5 -0.7 0.6 0.5 5.9 21.8 Foreign direct investment (net) 6.6 3.4 -1.5 -0.1 0.5 2.2 -3.7 20.7 Portfolio equity flows 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Grants (excluding technical coop.) 20.2 20.8 4.9 17.8 9.4 5.2 16.0 22.5 of which: Debt forgiveness grants .. .. 0.0 0.0 0.0 0.0 0.0 0.0 IDA grants .. .. .. 0.0 0.0 0.0 1.3 0.8 Memo: technical coop. grants 13.5 16.9 17.6 20.6 20.9 23.9 20.4 22.3 Interest on long-term debt 1.2 1.6 1.4 1.3 1.4 1.7 1.6 3.1 Profit remittances on FDI 0.0 0.0 0.0 0.0 0.0 8.5 7.7 13.8 3. MAJOR ECONOMIC AGGREGATES Gross national income (GNI) 164.3 193.7 231.7 254.4 303.9 350.8 381.1 418.8 Exports of goods, serv. & inc. (XGS) 94.1 108.4 .. .. .. 111.1 129.4 148.5 Worker remit. & comp. of employees 43.0 41.0 45.0 1.0 1.0 0.9 0.7 0.8 Imports of goods & services (MGS) 96.5 119.9 .. .. .. 218.2 259.8 293.2 International reserves (RES) 69.0 55.3 63.7 62.5 83.9 95.5 92.2 91.1 Current account balance 8.6 9.3 .. .. .. -17.0 -24.4 -49.7 4. DEBT INDICATORS EDT / XGS (%) 97.7 157.2 .. .. .. 513.6 507.4 577.7 EDT / GNI (%) 56.0 88.0 85.2 92.1 122.9 162.7 172.2 204.9 TDS / XGS (%) 5.8 4.3 .. .. .. 19.1 17.3 19.9 INT / XGS (%) 1.4 1.5 .. .. .. 14.8 13.8 16.4 INT / GNI (%) 0.8 0.9 1.8 1.7 2.9 4.7 4.7 5.8 RES / EDT (%) 75.1 32.5 32.2 26.7 22.5 16.7 14.1 10.6 RES / MGS (months) 8.6 5.5 .. .. .. 5.3 4.3 3.7 Short-term / EDT (%) 0.2 1.3 25.4 33.1 52.4 67.5 73.0 76.0 Concessional / EDT (%) 90.5 94.6 73.4 66.1 47.1 32.2 26.8 23.9 Multilateral / EDT (%) 88.2 92.2 70.0 60.8 43.8 30.2 25.0 22.5 327 SAMOA (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 5. LONG-TERM DEBT DEBT OUTSTANDING (LDOD) 91.0 168.1 147.3 156.8 177.7 185.7 177.3 205.9 Public and publicly guaranteed 91.0 168.1 147.3 156.8 177.7 185.7 177.3 205.9 Official creditors 89.6 168.1 147.3 156.8 177.7 185.7 177.3 205.9 Multilateral 81.1 157.1 138.2 142.5 163.7 172.3 164.2 192.6 Concessional 76.5 150.3 135.8 140.6 161.8 170.7 163.0 191.6 Bilateral 8.5 11.0 9.1 14.2 14.0 13.3 13.2 13.3 Concessional 6.7 11.0 9.1 14.2 14.0 13.3 13.2 13.3 Private creditors 1.4 0.0 0.0 0.0 0.0 0.0 0.0 0.0 of which: Bonds 1.4 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks and other 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 18.3 44.7 47.3 51.4 57.6 61.7 64.2 69.3 Public sector LDOD 91.0 168.1 147.3 156.8 177.7 185.7 177.3 205.9 Private sector LDOD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 DISBURSEMENTS 15.4 12.7 6.7 2.8 4.9 5.2 10.4 26.9 Public and publicly guaranteed 15.4 12.7 6.7 2.8 4.9 5.2 10.4 26.9 Official creditors 15.4 12.7 6.7 2.8 4.9 5.2 10.4 26.9 Multilateral 15.0 12.6 6.0 2.1 4.8 5.2 10.4 26.9 Concessional 14.7 12.5 6.0 2.1 4.8 5.2 10.4 26.9 Bilateral 0.4 0.2 0.7 0.7 0.0 0.0 0.0 0.0 Concessional 0.4 0.2 0.7 0.7 0.0 0.0 0.0 0.0 Private creditors 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 of which: Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks and other 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 3.5 0.7 5.7 1.3 3.0 2.7 7.7 3.5 PRINCIPAL REPAYMENTS 3.3 3.0 4.2 3.5 4.2 4.7 4.5 5.1 Public and publicly guaranteed 3.3 3.0 4.2 3.5 4.2 4.7 4.5 5.1 Official creditors 3.3 3.0 4.2 3.5 4.2 4.7 4.5 5.1 Multilateral 2.2 2.6 3.3 3.0 3.9 4.1 4.0 4.8 Concessional 2.0 2.1 2.8 2.7 3.4 3.8 3.8 4.5 Bilateral 1.0 0.3 0.9 0.5 0.3 0.7 0.4 0.3 Concessional 0.0 0.3 0.9 0.5 0.3 0.7 0.4 0.3 Private creditors 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 of which: Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks and other 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 0.1 0.2 0.7 0.9 1.0 1.0 1.0 1.1 INTEREST PAYMENTS (LINT) 1.2 1.6 1.4 1.3 1.4 1.7 1.6 3.1 Public and publicly guaranteed 1.2 1.6 1.4 1.3 1.4 1.7 1.6 3.1 Official creditors 1.1 1.6 1.4 1.3 1.4 1.7 1.6 3.1 Multilateral 0.7 1.5 1.3 1.2 1.4 1.6 1.6 2.8 Concessional 0.7 1.3 1.3 1.2 1.4 1.6 1.5 2.7 Bilateral 0.4 0.1 0.0 0.1 0.0 0.1 0.0 0.3 Concessional 0.1 0.1 0.0 0.1 0.0 0.1 0.0 0.3 Private creditors 0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 of which: Bonds 0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks and other 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 0.1 0.3 0.3 0.4 0.4 0.5 0.6 0.5 328 SAMOA (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 6. CURRENCY COMPOSITION OF PUBLIC AND PUBLICLY GUARANTEED DEBT (PERCENT) Euro .. .. .. 2.5 2.2 2.0 1.6 1.3 Japanese yen 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Pound sterling 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Swiss franc 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 U.S.dollars 38.6 34.8 38.3 38.9 39.4 40.9 41.2 48.1 7. DEBT RESTRUCTURINGS Total amount rescheduled 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Debt stock rescheduled 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal rescheduled 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Official 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Interest rescheduled 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Official 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Debt forgiven 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: interest forgiven 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Debt stock reduction 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 of which debt buyback 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 8. DEBT STOCK-FLOW RECONCILIATION Total change in debt stocks 18.3 13.4 5.0 30.0 139.0 197.4 85.6 201.6 Net flows on debt 11.3 11.9 16.8 15.8 118.7 189.8 99.8 194.8 Cross-currency valuation 6.0 -1.0 -10.2 12.6 18.1 7.3 -14.0 6.2 9. AVERAGE TERMS OF NEW COMMITMENTS ALL CREDITORS Interest (%) 0.8 0.7 1.1 1.4 0.8 1.0 3.8 3.4 Maturity (years) 39.8 40.6 35.1 31.6 39.8 36.8 19.6 21.4 Grace period (years) 10.3 9.9 9.0 8.1 10.3 9.5 5.1 5.5 Grant element (%) 80.5 80.6 74.5 69.9 80.6 76.7 40.9 45.2 Official creditors Interest (%) 0.8 0.7 1.1 1.4 0.8 1.0 3.8 3.4 Maturity (years) 39.8 40.6 35.1 31.6 39.8 36.8 19.6 21.4 Grace period (years) 10.3 9.9 9.0 8.1 10.3 9.5 5.1 5.5 Grant element (%) 80.5 80.6 74.5 69.9 80.6 76.7 40.9 45.2 Private creditors Interest (%) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Maturity (years) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Grace period (years) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Grant element (%) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 10. CONTRACTUAL OBLIGATIONS ON OUTSTANDING LONG-TERM DEBT 2007 2008 2009 2010 2011 2012 2013 2014 TOTAL Principal 9.0 9.5 9.6 9.8 10.5 10.9 11.0 11.7 Interest 2.8 3.1 3.3 3.3 3.2 3.1 2.9 2.8 Official creditors Principal 9.0 9.5 9.6 9.8 10.5 10.9 11.0 11.7 Interest 2.8 3.1 3.3 3.3 3.2 3.1 2.9 2.8 Bilateral creditors Principal 4.0 4.0 4.0 0.2 0.2 0.2 0.2 0.2 Interest 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Multilateral creditors Principal 5.1 5.5 5.7 9.6 10.3 10.6 10.8 11.5 Interest 2.8 3.1 3.3 3.3 3.2 3.1 2.9 2.8 Private creditors Principal 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Interest 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Notes: 329 SAO TOME AND PRINCIPE (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 1. SUMMARY DEBT DATA TOTAL DEBT STOCKS (EDT) 150.0 245.7 310.1 341.1 350.2 366.3 340.3 355.3 Long-term debt (LDOD) 132.9 231.8 284.4 309.7 332.0 346.6 323.1 336.4 Public and publicly guaranteed 132.9 231.8 284.4 309.7 332.0 346.6 323.1 336.4 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Use of IMF credit 1.1 0.8 2.5 2.6 2.8 3.0 3.2 4.1 Short-term debt 16.0 13.0 23.3 28.8 15.4 16.7 14.0 14.8 of which interest arrears on LDOD 7.6 6.0 11.3 13.8 15.4 16.7 14.0 13.8 Official creditors 7.4 6.0 11.3 13.8 15.4 16.7 14.0 13.8 Private creditors 0.2 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memorandum items Principal arrears on LDOD 21.4 27.2 47.7 45.4 49.1 53.4 52.8 66.6 Official creditors 20.4 27.2 47.7 45.4 49.1 53.4 52.8 66.6 Private creditors 1.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 TOTAL DEBT FLOWS Disbursements 15.6 13.0 13.9 4.7 6.3 9.8 6.1 3.9 Long-term debt 15.6 13.0 11.4 4.7 6.3 9.8 5.4 2.7 IMF purchases 0.0 0.0 2.5 0.0 0.0 0.0 0.6 1.2 Principal repayments 1.1 1.1 2.2 1.7 2.4 3.9 3.7 7.3 Long-term debt 1.1 0.8 2.2 1.7 2.4 3.9 3.5 6.7 IMF repurchases 0.0 0.2 0.0 0.0 0.0 0.0 0.1 0.6 Net flows on debt 9.2 12.9 11.7 8.0 -11.1 5.9 2.4 -2.4 of which short-term debt -5.3 1.0 0.0 5.0 -15.0 0.0 0.0 1.0 Interest payments (INT) 1.7 1.2 2.1 2.2 2.2 2.6 2.1 2.0 Long-term debt 1.2 0.9 1.2 1.8 2.1 2.6 2.1 2.0 IMF charges 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Short-term debt 0.5 0.3 0.9 0.3 0.2 0.0 0.0 0.0 Net transfers on debt 7.4 11.7 9.5 5.8 -13.4 3.3 0.4 -4.4 Total debt service paid (TDS) 2.8 2.3 4.3 3.9 4.6 6.5 5.7 9.3 Long-term debt 2.3 1.8 3.4 3.5 4.4 6.5 5.6 8.7 IMF repurchases and charges 0.0 0.2 0.0 0.0 0.0 0.0 0.2 0.6 Short-term debt (interest only) 0.5 0.3 0.9 0.3 0.2 0.0 0.0 0.0 2. OTHER NET RESOURCE FLOWS (LONG-TERM) Net flow of long-term debt (ex. IMF) 14.4 12.2 9.2 3.0 3.9 5.9 1.9 -4.1 Foreign direct investment (net) 0.0 0.0 3.8 3.6 3.4 -1.6 7.0 -0.4 Portfolio equity flows 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Grants (excluding technical coop.) 26.7 24.6 13.3 13.0 21.1 18.0 19.8 15.9 of which: Debt forgiveness grants .. .. 3.2 3.3 8.7 1.3 1.4 2.2 IDA grants .. .. .. 0.0 0.0 0.0 0.3 0.4 Memo: technical coop. grants 7.0 20.5 11.8 11.7 12.7 14.8 10.9 11.2 Interest on long-term debt 1.2 0.9 1.2 1.8 2.1 2.6 2.1 2.0 Profit remittances on FDI 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 3. MAJOR ECONOMIC AGGREGATES Gross national income (GNI) .. .. .. .. .. .. .. 120.1 Exports of goods, serv. & inc. (XGS) 8.2 .. 16.7 16.6 18.8 .. .. .. Worker remit. & comp. of employees 0.0 0.0 1.0 1.0 1.0 1.0 1.0 1.0 Imports of goods & services (MGS) 22.4 .. 39.7 44.9 50.9 .. .. .. International reserves (RES) .. 5.1 11.6 17.4 25.5 19.5 26.7 34.2 Current account balance -12.0 .. -19.1 -26.7 -28.3 .. .. .. 4. DEBT INDICATORS EDT / XGS (%) 1,820.9 .. 1,855.7 2,054.4 1,860.7 .. .. .. EDT / GNI (%) .. .. .. .. .. .. .. 295.8 TDS / XGS (%) 34.4 .. 25.8 23.4 24.5 .. .. .. INT / XGS (%) 20.7 .. 12.7 13.3 11.9 .. .. .. INT / GNI (%) .. .. .. .. .. .. .. 1.7 RES / EDT (%) .. 2.1 3.8 5.1 7.3 5.3 7.8 9.6 RES / MGS (months) .. .. 3.5 4.6 6.0 .. .. .. Short-term / EDT (%) 10.7 5.3 7.5 8.5 4.4 4.6 4.1 4.2 Concessional / EDT (%) 71.7 90.1 87.6 86.8 90.5 90.3 90.7 88.7 Multilateral / EDT (%) 48.4 61.9 54.6 54.1 56.9 57.8 58.0 57.2 330 SAO TOME AND PRINCIPE (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 5. LONG-TERM DEBT DEBT OUTSTANDING (LDOD) 132.9 231.8 284.4 309.7 332.0 346.6 323.1 336.4 Public and publicly guaranteed 132.9 231.8 284.4 309.7 332.0 346.6 323.1 336.4 Official creditors 131.7 231.8 284.4 309.7 332.0 346.6 323.1 336.4 Multilateral 72.6 152.0 169.3 184.5 199.2 211.7 197.4 203.4 Concessional 69.1 149.8 165.6 179.7 193.8 205.9 192.2 197.9 Bilateral 59.2 79.9 115.1 125.2 132.8 134.9 125.6 133.0 Concessional 38.6 71.6 106.2 116.4 123.1 124.8 116.3 117.3 Private creditors 1.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 of which: Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks and other 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 23.9 53.6 58.9 65.6 71.4 76.9 72.4 76.4 Public sector LDOD 132.9 231.8 284.4 309.7 332.0 346.6 323.1 336.4 Private sector LDOD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 DISBURSEMENTS 15.6 13.0 11.4 4.7 6.3 9.8 5.4 2.7 Public and publicly guaranteed 15.6 13.0 11.4 4.7 6.3 9.8 5.4 2.7 Official creditors 15.6 13.0 11.4 4.7 6.3 9.8 5.4 2.7 Multilateral 12.8 13.0 8.4 3.1 3.6 9.8 5.4 2.7 Concessional 11.7 12.9 5.8 2.9 3.6 9.4 4.7 2.5 Bilateral 2.7 0.0 2.9 1.5 2.7 0.0 0.0 0.0 Concessional 2.7 0.0 2.9 1.5 2.7 0.0 0.0 0.0 Private creditors 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 of which: Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks and other 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 5.4 5.6 1.7 0.9 0.7 3.2 2.5 1.9 PRINCIPAL REPAYMENTS 1.1 0.8 2.2 1.7 2.4 3.9 3.5 6.7 Public and publicly guaranteed 1.1 0.8 2.2 1.7 2.4 3.9 3.5 6.7 Official creditors 1.0 0.8 2.2 1.7 2.4 3.9 3.5 6.7 Multilateral 0.4 0.8 1.9 1.6 2.1 3.0 2.0 4.9 Concessional 0.4 0.5 1.6 1.4 1.7 2.6 1.6 4.3 Bilateral 0.6 0.0 0.3 0.0 0.3 0.9 1.5 1.9 Concessional 0.0 0.0 0.0 0.0 0.3 0.9 1.5 1.9 Private creditors 0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 of which: Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks and other 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 0.0 0.1 0.5 0.0 0.1 0.1 0.1 1.3 INTEREST PAYMENTS (LINT) 1.2 0.9 1.2 1.8 2.1 2.6 2.1 2.0 Public and publicly guaranteed 1.2 0.9 1.2 1.8 2.1 2.6 2.1 2.0 Official creditors 1.1 0.9 1.2 1.8 2.1 2.6 2.1 2.0 Multilateral 0.3 0.8 1.2 0.9 1.0 1.4 1.4 1.7 Concessional 0.3 0.7 1.2 0.8 0.9 1.4 1.3 1.6 Bilateral 0.9 0.1 0.0 1.0 1.1 1.2 0.7 0.3 Concessional 0.1 0.1 0.0 0.2 0.2 0.3 0.1 0.3 Private creditors 0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 of which: Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks and other 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 0.1 0.3 0.5 0.0 0.2 0.4 0.5 0.6 331 SAO TOME AND PRINCIPE (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 6. CURRENCY COMPOSITION OF PUBLIC AND PUBLICLY GUARANTEED DEBT (PERCENT) Euro .. .. .. 6.4 7.0 7.1 6.1 6.5 Japanese yen 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Pound sterling 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Swiss franc 0.0 0.0 4.6 5.0 5.3 5.5 5.1 5.3 U.S.dollars 39.3 40.0 44.9 47.9 46.3 45.3 46.0 45.6 7. DEBT RESTRUCTURINGS Total amount rescheduled 0.0 30.3 7.2 4.0 0.5 0.0 0.0 0.0 Debt stock rescheduled 0.0 0.0 2.4 0.0 0.0 0.0 0.0 0.0 Principal rescheduled 0.0 15.5 13.7 0.5 0.1 0.0 0.9 0.0 Official 0.0 14.4 13.7 0.5 0.1 0.0 0.9 0.0 Private 0.0 1.1 0.0 0.0 0.0 0.0 0.0 0.0 Interest rescheduled 0.0 8.5 6.1 0.1 0.0 0.0 0.2 0.0 Official 0.0 8.1 6.1 0.1 0.0 0.0 0.2 0.0 Private 0.0 0.3 0.0 0.0 0.0 0.0 0.0 0.0 Debt forgiven 0.0 0.0 4.8 2.1 2.1 2.3 2.5 0.0 Memo: interest forgiven 0.0 0.0 1.7 0.8 0.5 0.4 0.3 0.0 Debt stock reduction 0.0 0.0 4.8 0.0 0.0 0.0 0.0 0.0 of which debt buyback 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 8. DEBT STOCK-FLOW RECONCILIATION Total change in debt stocks 15.6 22.9 -15.0 26.1 9.1 16.1 -25.9 14.9 Net flows on debt 9.2 12.9 11.7 8.0 -11.1 5.9 2.4 -2.4 Cross-currency valuation 2.3 1.3 -7.6 3.0 8.7 4.9 -11.9 5.6 9. AVERAGE TERMS OF NEW COMMITMENTS ALL CREDITORS Interest (%) 0.8 0.0 0.9 1.5 0.8 1.0 0.0 0.0 Maturity (years) 35.8 0.0 38.7 22.1 49.9 37.5 0.0 40.0 Grace period (years) 10.1 0.0 9.3 5.7 10.4 9.7 0.0 1.0 Grant element (%) 76.6 0.0 76.6 59.4 83.3 77.0 0.0 75.8 Official creditors Interest (%) 0.8 0.0 0.9 1.5 0.8 1.0 0.0 0.0 Maturity (years) 35.8 0.0 38.7 22.1 49.9 37.5 0.0 40.0 Grace period (years) 10.1 0.0 9.3 5.7 10.4 9.7 0.0 1.0 Grant element (%) 76.6 0.0 76.6 59.4 83.3 77.0 0.0 75.8 Private creditors Interest (%) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Maturity (years) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Grace period (years) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Grant element (%) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 10. CONTRACTUAL OBLIGATIONS ON OUTSTANDING LONG-TERM DEBT 2007 2008 2009 2010 2011 2012 2013 2014 TOTAL Principal 12.3 12.7 12.9 12.9 13.0 13.7 13.4 13.2 Interest 3.8 3.7 3.5 3.4 3.2 3.0 2.8 2.6 Official creditors Principal 12.3 12.7 12.9 12.9 13.0 13.7 13.4 13.2 Interest 3.8 3.7 3.5 3.4 3.2 3.0 2.8 2.6 Bilateral creditors Principal 6.1 5.6 5.6 5.5 5.5 5.5 4.9 4.9 Interest 2.1 2.0 1.8 1.7 1.6 1.4 1.3 1.2 Multilateral creditors Principal 6.2 7.1 7.4 7.5 7.6 8.2 8.5 8.3 Interest 1.8 1.8 1.7 1.7 1.6 1.6 1.5 1.4 Private creditors Principal 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Interest 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Notes: 332 SENEGAL (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 1. SUMMARY DEBT DATA TOTAL DEBT STOCKS (EDT) 3,744 3,906 3,607 4,102 4,385 3,940 3,883 1,984 Long-term debt (LDOD) 3,008 3,299 3,207 3,556 3,990 3,700 3,699 1,863 Public and publicly guaranteed 2,948 3,256 3,194 3,523 3,940 3,556 3,557 1,712 Private nonguaranteed 60 44 13 33 50 145 141 151 Use of IMF credit 314 347 255 253 240 204 148 26 Short-term debt 421 260 146 294 156 36 36 95 of which interest arrears on LDOD 4 9 1 2 2 0 0 0 Official creditors 3 4 1 2 2 0 0 0 Private creditors 0 6 0 0 0 0 0 0 Memorandum items Principal arrears on LDOD 0 51 17 13 10 13 10 11 Official creditors 0 7 17 13 10 13 10 11 Private creditors 0 44 0 0 0 0 0 0 TOTAL DEBT FLOWS Disbursements 261 256 158 240 220 456 419 278 Long-term debt 232 173 139 228 215 451 414 258 IMF purchases 29 83 19 12 5 5 5 20 Principal repayments 196 196 148 147 166 261 147 125 Long-term debt 141 156 127 124 134 227 113 125 IMF repurchases 55 41 21 23 32 35 34 0 Net flows on debt 232 87 -150 184 -84 76 272 212 of which short-term debt 167 28 -161 91 -138 -118 0 59 Interest payments (INT) 128 87 76 74 78 74 58 77 Long-term debt 84 70 58 66 72 70 55 73 IMF charges 15 3 1 1 1 1 1 0 Short-term debt 29 14 17 7 5 3 2 4 Net transfers on debt 104 1 -227 111 -163 2 215 135 Total debt service paid (TDS) 324 283 224 220 244 336 204 202 Long-term debt 225 225 185 190 206 297 168 198 IMF repurchases and charges 70 43 22 24 33 36 34 0 Short-term debt (interest only) 29 14 17 7 5 3 2 4 2. OTHER NET RESOURCE FLOWS (LONG-TERM) Net flow of long-term debt (ex. IMF) 91 17 13 104 81 224 301 133 Foreign direct investment (net) 57 32 63 78 52 77 54 58 Portfolio equity flows 1 4 -2 3 4 -28 0 0 Grants (excluding technical coop.) 553 373 246 209 169 769 337 2,408 of which: Debt forgiveness grants .. .. 60 53 44 498 143 2,188 IDA grants .. .. .. 0 0 0 0 0 Memo: technical coop. grants 175 185 123 159 205 219 229 361 Interest on long-term debt 84 70 58 66 72 70 55 73 Profit remittances on FDI 60 62 75 90 89 68 0 0 3. MAJOR ECONOMIC AGGREGATES Gross national income (GNI) 5,520 4,724 4,601 5,232 6,710 7,856 8,496 9,024 Exports of goods, serv. & inc. (XGS) 1,628 1,680 1,562 1,885 2,361 2,838 .. .. Worker remit. & comp. of employees 142 146 233 344 511 633 633 633 Imports of goods & services (MGS) 2,053 2,033 1,929 2,273 2,879 3,420 .. .. International reserves (RES) 22 272 384 637 1,111 1,386 1,191 1,334 Current account balance -363 -244 -332 -317 -437 -513 .. .. 4. DEBT INDICATORS EDT / XGS (%) 230.0 232.6 230.9 217.7 185.8 138.8 .. .. EDT / GNI (%) 67.8 82.7 78.4 78.4 65.4 50.2 45.7 22.0 TDS / XGS (%) 19.9 16.8 14.3 11.7 10.3 11.8 .. .. INT / XGS (%) 7.9 5.2 4.9 3.9 3.3 2.6 .. .. INT / GNI (%) 2.3 1.8 1.7 1.4 1.2 0.9 0.7 0.9 RES / EDT (%) 0.6 7.0 10.6 15.5 25.3 35.2 30.7 67.2 RES / MGS (months) 0.1 1.6 2.4 3.4 4.6 4.9 .. .. Short-term / EDT (%) 11.2 6.7 4.1 7.2 3.5 0.9 0.9 4.8 Concessional / EDT (%) 52.5 58.8 75.8 75.6 79.6 86.1 88.2 80.4 Multilateral / EDT (%) 36.7 48.4 53.0 54.4 58.5 72.6 72.9 49.8 333 SENEGAL (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 5. LONG-TERM DEBT DEBT OUTSTANDING (LDOD) 3,008 3,299 3,207 3,556 3,990 3,700 3,699 1,863 Public and publicly guaranteed 2,948 3,256 3,194 3,523 3,940 3,556 3,557 1,712 Official creditors 2,783 3,184 3,189 3,510 3,926 3,543 3,548 1,705 Multilateral 1,376 1,889 1,913 2,230 2,565 2,861 2,832 988 Concessional 1,153 1,596 1,765 2,105 2,416 2,712 2,720 888 Bilateral 1,407 1,294 1,276 1,280 1,361 683 716 717 Concessional 814 702 971 998 1,075 683 706 708 Private creditors 166 72 5 13 14 12 9 7 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 113 66 5 13 14 12 9 7 Private nonguaranteed 60 44 13 33 50 145 141 151 Bonds 0 0 0 0 0 0 0 0 Commercial banks and other 60 44 13 33 50 145 141 151 Memo: IBRD 88 35 1 0 0 0 0 0 IDA 747 1,126 1,330 1,578 1,806 2,040 2,045 495 Public sector LDOD 2,911 3,224 3,194 3,523 3,940 3,556 3,557 1,712 Private sector LDOD 97 76 13 33 50 145 141 151 DISBURSEMENTS 232 173 139 228 215 451 414 258 Public and publicly guaranteed 217 172 138 219 200 341 365 223 Official creditors 217 172 133 218 198 341 365 223 Multilateral 145 144 119 183 168 291 262 195 Concessional 127 136 113 177 152 280 258 189 Bilateral 72 28 14 35 30 50 103 27 Concessional 72 27 14 35 30 50 93 22 Private creditors 0 0 5 1 2 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 0 0 5 1 2 0 0 0 Private nonguaranteed 15 1 1 10 14 110 49 35 Bonds 0 0 0 0 0 0 0 0 Commercial banks and other 15 1 1 10 14 110 49 35 Memo: IBRD 0 0 0 0 0 0 0 0 IDA 117 107 92 114 107 173 182 131 PRINCIPAL REPAYMENTS 141 156 127 124 134 227 113 125 Public and publicly guaranteed 129 150 124 114 120 212 84 111 Official creditors 111 129 124 114 118 210 82 109 Multilateral 58 98 68 45 44 64 40 62 Concessional 29 59 49 31 37 57 35 44 Bilateral 52 31 56 69 74 145 42 47 Concessional 24 14 38 52 53 41 42 33 Private creditors 19 21 0 0 2 2 2 3 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 8 12 0 0 2 2 2 3 Private nonguaranteed 12 5 3 10 14 15 29 14 Bonds 0 0 0 0 0 0 0 0 Commercial banks and other 12 5 3 10 14 15 29 14 Memo: IBRD 13 12 3 0 0 0 0 0 IDA 3 6 11 6 13 15 12 15 INTEREST PAYMENTS (LINT) 84 70 58 66 72 70 55 73 Public and publicly guaranteed 81 69 58 64 70 62 45 64 Official creditors 71 65 58 64 69 62 44 63 Multilateral 26 38 26 28 25 35 31 51 Concessional 9 14 16 18 19 30 27 46 Bilateral 45 27 32 36 44 27 13 12 Concessional 20 8 24 24 26 24 13 11 Private creditors 10 3 0 0 1 0 1 1 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 7 2 0 0 1 0 1 1 Private nonguaranteed 3 1 0 1 2 8 10 9 Bonds 0 0 0 0 0 0 0 0 Commercial banks and other 3 1 0 1 2 8 10 9 Memo: IBRD 6 3 0 0 0 0 0 0 IDA 4 8 8 10 12 15 16 10 334 SENEGAL (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 6. CURRENCY COMPOSITION OF PUBLIC AND PUBLICLY GUARANTEED DEBT (PERCENT) Euro .. .. .. 19.9 20.7 11.8 11.1 17.2 Japanese yen 1.5 3.6 3.5 2.5 2.3 3.3 2.7 5.0 Pound sterling 0.2 0.1 0.1 0.1 0.1 0.0 0.0 0.0 Swiss franc 0.9 0.5 0.2 0.1 0.1 0.0 0.0 0.0 U.S.dollars 32.9 35.9 45.0 47.9 48.7 58.0 58.4 36.4 7. DEBT RESTRUCTURINGS Total amount rescheduled 111 258 0 0 7 93 0 63 Debt stock rescheduled 0 0 0 0 7 0 0 0 Principal rescheduled 76 171 0 0 0 0 0 0 Official 61 164 0 0 0 0 0 0 Private 15 7 0 0 0 0 0 0 Interest rescheduled 27 49 0 0 0 0 0 0 Official 24 47 0 0 0 0 0 0 Private 3 1 0 0 0 0 0 0 Debt forgiven 18 14 12 26 23 330 65 9 Memo: interest forgiven 0 5 10 2 2 4 2 1 Debt stock reduction 0 8 0 0 0 69 0 2,117 of which debt buyback 0 0 0 0 0 0 0 0 8. DEBT STOCK-FLOW RECONCILIATION Total change in debt stocks 475 218 -343 443 283 -445 -58 -1,898 Net flows on debt 232 87 -150 184 -84 76 272 212 Cross-currency valuation 30 -191 -166 254 334 172 -258 -1,939 9. AVERAGE TERMS OF NEW COMMITMENTS ALL CREDITORS Interest (%) 2.1 1.2 0.8 1.8 1.4 0.9 1.1 0.8 Maturity (years) 33.1 37.5 39.5 33.2 34.2 33.7 32.5 34.1 Grace period (years) 8.7 9.1 9.8 9.2 8.2 8.8 8.1 8.6 Grant element (%) 65.0 74.3 78.5 67.0 69.3 73.2 69.9 74.6 Official creditors Interest (%) 2.0 1.2 0.8 1.8 1.3 0.9 1.1 0.8 Maturity (years) 33.4 37.5 40.1 33.3 34.4 33.7 32.5 34.1 Grace period (years) 8.8 9.1 9.9 9.2 8.3 8.8 8.1 8.6 Grant element (%) 65.6 74.3 79.5 67.2 69.7 73.2 69.9 74.6 Private creditors Interest (%) 8.3 0.0 3.0 3.0 6.9 0.0 0.0 7.7 Maturity (years) 10.1 0.0 9.3 9.3 7.2 0.0 0.0 7.5 Grace period (years) 2.6 0.0 2.8 2.8 0.5 0.0 0.0 0.5 Grant element (%) 6.6 0.0 29.4 29.4 8.6 0.0 0.0 6.4 10. CONTRACTUAL OBLIGATIONS ON OUTSTANDING LONG-TERM DEBT 2007 2008 2009 2010 2011 2012 2013 2014 TOTAL Principal 156 154 154 161 121 114 115 118 Interest 45 44 41 38 33 32 30 29 Official creditors Principal 115 113 115 123 121 114 115 118 Interest 35 36 36 35 33 32 30 29 Bilateral creditors Principal 58 58 58 59 57 56 55 55 Interest 16 16 16 15 14 13 12 12 Multilateral creditors Principal 57 55 57 65 65 58 61 63 Interest 19 20 21 20 19 18 18 17 Private creditors Principal 41 41 39 38 0 0 0 0 Interest 10 7 5 2 0 0 0 0 Notes: Senegal was granted debt relief effective in 2006 under the Multilateral Debt Relief Initiative. 335 SERBIA (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 1. SUMMARY DEBT DATA TOTAL DEBT STOCKS (EDT) .. 10,785 11,499 11,560 14,374 14,717 16,295 13,831 Long-term debt (LDOD) .. 8,562 6,789 8,721 10,652 12,064 13,186 11,791 Public and publicly guaranteed .. 6,788 6,178 7,815 8,475 8,520 7,972 7,686 Private nonguaranteed .. 1,773 611 906 2,177 3,545 5,214 4,105 Use of IMF credit .. 84 152 567 917 964 866 244 Short-term debt .. 2,139 4,558 2,272 2,805 1,689 2,242 1,796 of which interest arrears on LDOD .. 1,396 3,668 1,252 1,749 690 728 584 Official creditors .. 443 2,520 218 233 230 234 39 Private creditors .. 954 1,148 1,034 1,516 460 494 544 Memorandum items Principal arrears on LDOD .. 4,182 5,275 2,097 2,341 805 805 732 Official creditors .. 2,595 3,639 146 182 228 262 145 Private creditors .. 1,588 1,636 1,952 2,159 577 544 586 TOTAL DEBT FLOWS Disbursements .. 0 376 888 1,213 2,313 3,100 5,191 Long-term debt .. 0 222 629 933 2,072 2,916 5,099 IMF purchases .. 0 154 259 280 241 185 92 Principal repayments .. 0 73 79 168 587 779 2,072 Long-term debt .. 0 0 79 168 353 572 1,327 IMF repurchases .. 0 73 0 0 235 206 745 Net flows on debt .. 120 51 804 1,080 1,668 2,837 2,817 of which short-term debt .. 120 -252 -5 36 -57 515 -302 Interest payments (INT) .. 47 47 167 249 332 471 608 Long-term debt .. 0 0 123 206 276 382 520 IMF charges .. 0 29 12 13 24 32 40 Short-term debt .. 47 18 33 30 32 57 48 Net transfers on debt .. 73 4 637 831 1,336 2,366 2,209 Total debt service paid (TDS) .. 47 120 247 417 920 1,249 2,680 Long-term debt .. 0 0 202 374 629 954 1,847 IMF repurchases and charges .. 0 102 12 13 259 238 785 Short-term debt (interest only) .. 47 18 33 30 32 57 48 2. OTHER NET RESOURCE FLOWS (LONG-TERM) Net flow of long-term debt (ex. IMF) .. 0 222 550 765 1,719 2,343 3,772 Foreign direct investment (net) .. 45 25 137 1,360 966 1,481 5,128 Portfolio equity flows .. 0 0 0 0 0 0 0 Grants (excluding technical coop.) .. 487 1,298 2,347 998 762 722 1,347 of which: Debt forgiveness grants .. .. 0 1,326 216 31 201 689 IDA grants .. .. .. 0 0 0 0 0 Memo: technical coop. grants .. 57 124 315 311 320 350 321 Interest on long-term debt .. 0 0 123 206 276 382 520 Profit remittances on FDI .. 0 0 0 0 0 0 0 3. MAJOR ECONOMIC AGGREGATES Gross national income (GNI) .. .. 8,962 15,758 20,204 24,302 25,908 31,594 Exports of goods, serv. & inc. (XGS) .. .. .. .. .. .. .. .. Worker remit. & comp. of employees .. 0 1,132 2,089 2,661 4,129 4,650 4,703 Imports of goods & services (MGS) .. .. .. .. .. .. .. .. International reserves (RES) .. .. 517 2,278 3,550 4,245 5,842 11,889 Current account balance .. .. .. .. .. .. .. .. 4. DEBT INDICATORS EDT / XGS (%) .. .. .. .. .. .. .. .. EDT / GNI (%) .. .. 128.3 73.4 71.1 60.6 62.9 43.8 TDS / XGS (%) .. .. .. .. .. .. .. .. INT / XGS (%) .. .. .. .. .. .. .. .. INT / GNI (%) .. .. 0.5 1.1 1.2 1.4 1.8 1.9 RES / EDT (%) .. .. 4.5 19.7 24.7 28.8 35.9 86.0 RES / MGS (months) .. .. .. .. .. .. .. .. Short-term / EDT (%) .. 19.8 39.6 19.7 19.5 11.5 13.8 13.0 Concessional / EDT (%) .. 3.4 2.4 21.2 20.6 23.5 19.7 20.5 Multilateral / EDT (%) .. 12.2 12.5 27.8 24.6 28.2 24.0 30.3 336 SERBIA (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 5. LONG-TERM DEBT DEBT OUTSTANDING (LDOD) .. 8,562 6,789 8,721 10,652 12,064 13,186 11,791 Public and publicly guaranteed .. 6,788 6,178 7,815 8,475 8,520 7,972 7,686 Official creditors .. 4,588 4,243 5,887 6,547 7,444 6,896 6,558 Multilateral .. 1,311 1,440 3,213 3,529 4,147 3,910 4,189 Concessional .. 0 0 167 334 519 583 678 Bilateral .. 3,277 2,803 2,673 3,018 3,297 2,986 2,368 Concessional .. 366 272 2,288 2,623 2,939 2,633 2,154 Private creditors .. 2,200 1,935 1,928 1,928 1,076 1,076 1,128 of which: Bonds .. 0 0 0 0 0 0 0 Commercial banks .. 2,193 1,928 1,928 1,928 1,076 1,076 1,128 Private nonguaranteed .. 1,773 611 906 2,177 3,545 5,214 4,105 Bonds .. 0 0 0 0 0 0 0 Commercial banks and other .. 1,773 611 906 2,177 3,545 5,214 4,105 Memo: IBRD .. 1,252 1,097 2,251 2,605 2,838 2,466 2,471 IDA .. 0 0 167 284 464 518 600 Public sector LDOD .. 6,693 6,095 7,815 8,475 8,520 7,972 7,686 Private sector LDOD .. 1,869 694 906 2,177 3,545 5,214 4,105 DISBURSEMENTS .. 0 222 629 933 2,072 2,916 5,099 Public and publicly guaranteed .. 0 222 351 308 545 323 271 Official creditors .. 0 187 351 308 545 323 271 Multilateral .. 0 0 230 239 313 290 250 Concessional .. 0 0 159 140 162 107 69 Bilateral .. 0 187 122 69 231 33 22 Concessional .. 0 0 90 64 170 33 22 Private creditors .. 0 35 0 0 0 0 0 of which: Bonds .. 0 0 0 0 0 0 0 Commercial banks .. 0 0 0 0 0 0 0 Private nonguaranteed .. 0 0 277 626 1,527 2,593 4,828 Bonds .. 0 0 0 0 0 0 0 Commercial banks and other .. 0 0 277 626 1,527 2,593 4,828 Memo: IBRD .. 0 0 0 0 0 0 0 IDA .. 0 0 159 95 162 88 57 PRINCIPAL REPAYMENTS .. 0 0 79 168 353 572 1,327 Public and publicly guaranteed .. 0 0 4 10 16 51 286 Official creditors .. 0 0 4 10 16 50 285 Multilateral .. 0 0 4 8 10 34 271 Concessional .. 0 0 0 0 0 0 0 Bilateral .. 0 0 0 2 6 16 14 Concessional .. 0 0 0 0 4 12 10 Private creditors .. 0 0 0 0 0 0 0 of which: Bonds .. 0 0 0 0 0 0 0 Commercial banks .. 0 0 0 0 0 0 0 Private nonguaranteed .. 0 0 75 158 336 522 1,041 Bonds .. 0 0 0 0 0 0 0 Commercial banks and other .. 0 0 75 158 336 522 1,041 Memo: IBRD .. 0 0 0 0 0 20 250 IDA .. 0 0 0 0 0 0 0 INTEREST PAYMENTS (LINT) .. 0 0 123 206 276 382 520 Public and publicly guaranteed .. 0 0 100 166 223 252 280 Official creditors .. 0 0 100 166 183 208 235 Multilateral .. 0 0 84 123 147 148 159 Concessional .. 0 0 0 1 5 6 7 Bilateral .. 0 0 15 42 36 60 76 Concessional .. 0 0 14 39 34 56 74 Private creditors .. 0 0 0 0 40 44 45 of which: Bonds .. 0 0 0 0 0 0 0 Commercial banks .. 0 0 0 0 40 44 45 Private nonguaranteed .. 0 0 23 41 53 129 240 Bonds .. 0 0 0 0 0 0 0 Commercial banks and other .. 0 0 23 41 53 129 240 Memo: IBRD .. 0 0 75 104 121 114 122 IDA .. 0 0 0 1 3 4 5 337 SERBIA (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 6. CURRENCY COMPOSITION OF PUBLIC AND PUBLICLY GUARANTEED DEBT (PERCENT) Euro .. .. .. 20.8 25.3 30.7 30.5 32.8 Japanese yen .. 2.2 2.0 1.1 1.1 1.1 0.8 0.5 Pound sterling .. 0.7 0.5 0.0 0.2 0.2 0.2 0.2 Swiss franc .. 3.6 2.8 1.8 1.8 2.0 1.8 1.4 U.S.dollars .. 19.8 24.6 50.2 48.3 64.7 64.7 62.7 7. DEBT RESTRUCTURINGS Total amount rescheduled .. 0 0 4,514 0 1,076 0 0 Debt stock rescheduled .. 0 0 957 0 733 0 0 Principal rescheduled .. 0 0 1,287 6 0 0 0 Official .. 0 0 1,284 6 0 0 0 Private .. 0 0 3 0 0 0 0 Interest rescheduled .. 0 0 756 0 349 0 0 Official .. 0 0 754 0 0 0 0 Private .. 0 0 2 0 349 0 0 Debt forgiven .. 0 0 838 0 0 54 0 Memo: interest forgiven .. 0 0 0 0 569 0 0 Debt stock reduction .. 0 0 114 0 1,196 0 544 of which debt buyback .. 0 0 0 0 0 0 0 8. DEBT STOCK-FLOW RECONCILIATION Total change in debt stocks .. -315 599 -848 2,814 343 1,577 -2,463 Net flows on debt .. 120 51 804 1,080 1,668 2,837 2,817 Cross-currency valuation .. 215 -164 369 879 -487 -505 397 9. AVERAGE TERMS OF NEW COMMITMENTS ALL CREDITORS Interest (%) .. 0.0 4.1 2.4 2.4 3.2 1.6 4.3 Maturity (years) .. 0.0 14.9 19.4 17.7 23.0 19.6 8.9 Grace period (years) .. 0.0 4.9 7.2 7.2 8.9 8.6 6.5 Grant element (%) .. 0.0 36.1 52.1 50.3 50.4 61.0 29.0 Official creditors Interest (%) .. 0.0 0.4 2.4 2.4 3.2 1.6 3.0 Maturity (years) .. 0.0 23.2 19.4 17.8 23.0 19.6 18.8 Grace period (years) .. 0.0 7.8 7.2 7.2 8.9 8.6 3.3 Grant element (%) .. 0.0 65.1 52.1 50.3 50.4 61.0 42.6 Private creditors Interest (%) .. 0.0 7.8 0.0 2.2 0.0 0.0 4.5 Maturity (years) .. 0.0 6.4 0.0 3.0 0.0 0.0 7.1 Grace period (years) .. 0.0 1.9 0.0 2.5 0.0 0.0 7.1 Grant element (%) .. 0.0 6.4 0.0 17.8 0.0 0.0 26.5 10. CONTRACTUAL OBLIGATIONS ON OUTSTANDING LONG-TERM DEBT 2007 2008 2009 2010 2011 2012 2013 2014 TOTAL Principal 899 1,021 771 800 704 520 630 623 Interest 707 654 581 554 505 442 412 373 Official creditors Principal 226 245 263 251 247 288 343 375 Interest 298 297 289 278 267 256 243 229 Bilateral creditors Principal 43 54 67 53 50 55 56 58 Interest 108 106 103 100 98 96 94 91 Multilateral creditors Principal 183 190 196 199 197 234 287 317 Interest 190 191 186 178 169 160 150 138 Private creditors Principal 674 777 508 548 457 231 287 247 Interest 410 358 292 275 238 186 169 144 Notes: Data include old debt incurred by Kosovo and Montenegro prior to 2000. Debt reduction: The debt reduction of 1988­91 consisted of buybacks of $128 million in 1988, $610 million in 1989, $1.5 billion in 1990, and $554 million in 1991. Other: In 1992 the former Yugoslavia split into several republics; information on debt outstanding by the various republics are shown in the country pages for Croatia and FYR Macedonia. Beginning 2006 the DRS data for Serbia exclude Montenegro. 338 SEYCHELLES (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 1. SUMMARY DEBT DATA TOTAL DEBT STOCKS (EDT) 180.8 198.0 303.6 390.4 435.7 444.0 674.1 905.2 Long-term debt (LDOD) 134.7 185.1 219.5 283.6 328.5 344.6 401.1 299.4 Public and publicly guaranteed 134.7 185.1 219.5 283.6 328.5 344.6 401.1 299.4 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Use of IMF credit 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Short-term debt 46.0 13.0 84.0 106.8 107.2 99.4 273.0 605.8 of which interest arrears on LDOD 1.2 2.0 5.0 15.8 34.2 45.4 57.0 60.8 Official creditors 0.6 0.6 5.0 14.3 33.0 39.3 49.0 52.9 Private creditors 0.7 1.3 0.0 1.5 1.2 6.2 8.0 7.9 Memorandum items Principal arrears on LDOD 9.3 20.4 21.0 45.6 91.1 99.3 116.3 120.0 Official creditors 7.1 8.9 20.9 43.6 85.2 85.3 97.7 105.0 Private creditors 2.1 11.5 0.0 2.0 5.9 14.0 18.6 15.0 TOTAL DEBT FLOWS Disbursements 13.2 17.1 38.4 79.2 54.4 37.6 55.8 10.8 Long-term debt 13.2 17.1 38.4 79.2 54.4 37.6 55.8 10.8 IMF purchases 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal repayments 12.4 15.8 9.6 34.1 28.4 32.0 37.4 127.8 Long-term debt 12.4 15.8 9.6 34.1 28.4 32.0 37.4 127.8 IMF repurchases 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Net flows on debt 11.0 -8.8 71.0 45.2 8.0 -13.5 180.4 212.0 of which short-term debt 10.2 -10.0 42.2 0.0 -18.0 -19.0 162.0 329.0 Interest payments (INT) 8.9 8.0 11.2 9.1 8.8 7.7 17.6 53.3 Long-term debt 5.3 7.2 6.8 6.1 6.8 5.4 10.8 29.1 IMF charges 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Short-term debt 3.6 0.8 4.4 3.0 2.0 2.3 6.8 24.2 Net transfers on debt 2.0 -16.8 59.8 36.0 -0.8 -21.2 162.7 158.7 Total debt service paid (TDS) 21.3 23.9 20.7 43.2 37.2 39.7 55.0 181.1 Long-term debt 17.7 23.1 16.3 40.2 35.2 37.5 48.2 156.9 IMF repurchases and charges 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Short-term debt (interest only) 3.6 0.8 4.4 3.0 2.0 2.3 6.8 24.2 2. OTHER NET RESOURCE FLOWS (LONG-TERM) Net flow of long-term debt (ex. IMF) 0.8 1.2 28.8 45.2 26.0 5.5 18.4 -117.0 Foreign direct investment (net) 20.2 45.9 24.3 47.7 58.4 38.0 85.9 145.8 Portfolio equity flows 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Grants (excluding technical coop.) 11.6 7.2 11.2 4.3 2.6 4.4 4.6 6.6 of which: Debt forgiveness grants .. .. 0.0 0.0 0.0 0.0 0.0 0.0 IDA grants .. .. .. 0.0 0.0 0.0 0.0 0.0 Memo: technical coop. grants 10.3 8.8 3.5 4.3 6.3 6.0 6.5 4.5 Interest on long-term debt 5.3 7.2 6.8 6.1 6.8 5.4 10.8 29.1 Profit remittances on FDI 8.3 14.1 8.2 49.0 25.9 17.2 20.3 25.3 3. MAJOR ECONOMIC AGGREGATES Gross national income (GNI) 355.4 488.6 583.2 629.5 662.7 666.1 682.5 731.3 Exports of goods, serv. & inc. (XGS) 240.6 344.8 494.8 559.2 633.5 643.8 741.4 877.5 Worker remit. & comp. of employees 8.0 1.0 0.0 2.0 5.0 7.0 12.1 14.0 Imports of goods & services (MGS) 264.6 350.0 545.2 672.3 651.0 715.2 956.2 1075.6 International reserves (RES) 16.6 27.1 43.8 69.8 67.4 34.6 56.2 112.9 Current account balance -13.0 1.4 -42.9 -101.3 -9.4 -60.3 -195.5 -164.1 4. DEBT INDICATORS EDT / XGS (%) 75.1 57.4 61.3 69.8 68.8 69.0 90.9 103.2 EDT / GNI (%) 50.9 40.5 52.0 62.0 65.7 66.7 98.8 123.8 TDS / XGS (%) 8.9 6.9 4.2 7.7 5.9 6.2 7.4 20.6 INT / XGS (%) 3.7 2.3 2.3 1.6 1.4 1.2 2.4 6.1 INT / GNI (%) 2.5 1.6 1.9 1.5 1.3 1.2 2.6 7.3 RES / EDT (%) 9.2 13.7 14.4 17.9 15.5 7.8 8.3 12.5 RES / MGS (months) 0.8 0.9 1.0 1.2 1.2 0.6 0.7 1.3 Short-term / EDT (%) 25.5 6.6 27.7 27.4 24.6 22.4 40.5 66.9 Concessional / EDT (%) 44.3 46.0 34.5 29.7 29.2 30.2 18.0 13.8 Multilateral / EDT (%) 24.1 31.9 19.0 16.2 16.2 16.6 10.5 4.6 339 SEYCHELLES (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 5. LONG-TERM DEBT DEBT OUTSTANDING (LDOD) 134.7 185.1 219.5 283.6 328.5 344.6 401.1 299.4 Public and publicly guaranteed 134.7 185.1 219.5 283.6 328.5 344.6 401.1 299.4 Official creditors 115.5 148.7 158.5 192.6 237.7 244.1 229.2 205.3 Multilateral 43.6 63.3 57.6 63.3 70.5 73.7 70.7 41.2 Concessional 19.8 23.6 23.7 25.5 27.6 28.8 31.5 27.5 Bilateral 71.8 85.5 100.9 129.2 167.3 170.4 158.6 164.1 Concessional 60.2 67.5 81.1 90.4 99.5 105.1 90.2 97.5 Private creditors 19.3 36.3 61.1 91.0 90.8 100.5 171.9 94.1 of which: Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 16.4 21.6 49.5 51.1 38.8 52.3 83.4 70.2 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks and other 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 5.8 5.4 2.9 2.5 2.7 2.7 1.9 0.0 IDA 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Public sector LDOD 134.7 185.1 219.5 283.6 328.5 344.6 401.1 299.4 Private sector LDOD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 DISBURSEMENTS 13.2 17.1 38.4 79.2 54.4 37.6 55.8 10.8 Public and publicly guaranteed 13.2 17.1 38.4 79.2 54.4 37.6 55.8 10.8 Official creditors 11.6 16.8 19.1 19.5 32.0 0.9 7.7 6.4 Multilateral 3.4 9.4 7.4 1.5 1.5 0.9 4.5 3.2 Concessional 1.2 0.9 3.3 0.1 1.1 0.9 4.5 3.2 Bilateral 8.2 7.4 11.6 17.9 30.5 0.0 3.3 3.2 Concessional 4.1 2.1 11.4 3.6 2.2 0.0 0.6 2.7 Private creditors 1.6 0.3 19.3 59.8 22.4 36.7 48.0 4.3 of which: Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 1.3 0.0 19.3 29.8 3.0 36.7 45.5 4.3 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks and other 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 1.4 1.3 0.1 0.0 0.0 0.0 0.0 0.0 IDA 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 PRINCIPAL REPAYMENTS 12.4 15.8 9.6 34.1 28.4 32.0 37.4 127.8 Public and publicly guaranteed 12.4 15.8 9.6 34.1 28.4 32.0 37.4 127.8 Official creditors 4.5 7.2 5.0 1.6 5.0 4.7 7.4 45.9 Multilateral 2.9 4.1 2.4 0.6 0.3 0.4 1.5 36.0 Concessional 0.3 0.8 0.3 0.0 0.0 0.3 0.6 8.2 Bilateral 1.7 3.2 2.7 1.0 4.8 4.2 5.9 9.9 Concessional 1.5 2.8 1.6 0.9 1.6 0.1 0.4 3.7 Private creditors 7.9 8.6 4.6 32.5 23.4 27.4 30.0 81.9 of which: Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 6.8 4.6 1.7 31.7 16.0 23.5 13.9 17.1 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks and other 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.6 0.8 0.7 0.0 0.0 0.0 0.7 1.9 IDA 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 INTEREST PAYMENTS (LINT) 5.3 7.2 6.8 6.1 6.8 5.4 10.8 29.1 Public and publicly guaranteed 5.3 7.2 6.8 6.1 6.8 5.4 10.8 29.1 Official creditors 3.4 4.8 2.0 1.2 3.0 3.0 2.9 21.7 Multilateral 2.5 3.6 0.9 0.4 0.2 0.5 0.8 20.2 Concessional 0.3 0.5 0.2 0.3 0.1 0.3 0.3 3.5 Bilateral 0.9 1.2 1.2 0.8 2.8 2.5 2.1 1.5 Concessional 0.8 1.1 0.8 0.2 0.3 0.1 0.1 1.2 Private creditors 1.9 2.4 4.8 4.9 3.8 2.5 7.9 7.4 of which: Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 1.7 1.2 4.0 4.5 1.4 1.5 3.8 2.3 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks and other 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.4 0.4 0.2 0.0 0.1 0.0 0.2 0.3 IDA 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 340 SEYCHELLES (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 6. CURRENCY COMPOSITION OF PUBLIC AND PUBLICLY GUARANTEED DEBT (PERCENT) Euro .. .. .. 17.1 18.6 19.2 14.3 20.4 Japanese yen 0.0 0.0 2.1 3.0 2.8 1.5 1.8 2.1 Pound sterling 17.1 7.8 6.5 5.5 5.2 5.4 4.1 6.3 Swiss franc 7.3 6.0 4.5 3.8 3.7 3.9 2.9 4.1 U.S.dollars 8.6 14.1 35.6 40.1 41.4 42.4 54.0 45.4 7. DEBT RESTRUCTURINGS Total amount rescheduled 0.0 0.0 0.0 0.0 0.0 0.0 31.4 1.5 Debt stock rescheduled 0.0 0.0 0.0 0.0 0.0 0.0 14.9 0.0 Principal rescheduled 0.0 0.0 0.0 0.0 0.0 0.0 11.3 0.0 Official 0.0 0.0 0.0 0.0 0.0 0.0 11.3 0.0 Private 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Interest rescheduled 0.0 0.0 0.0 0.0 0.0 0.0 4.7 0.0 Official 0.0 0.0 0.0 0.0 0.0 0.0 4.7 0.0 Private 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Debt forgiven 0.0 0.0 0.0 0.0 0.0 0.0 6.7 0.0 Memo: interest forgiven 0.0 0.0 0.0 0.0 0.0 0.0 0.1 0.0 Debt stock reduction 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 of which debt buyback 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 8. DEBT STOCK-FLOW RECONCILIATION Total change in debt stocks 24.0 -1.8 52.1 70.4 45.3 8.3 230.1 231.1 Net flows on debt 11.0 -8.8 71.0 45.2 8.0 -13.5 180.4 212.0 Cross-currency valuation 9.6 6.0 -5.5 13.5 7.7 6.5 -11.8 8.4 9. AVERAGE TERMS OF NEW COMMITMENTS ALL CREDITORS Interest (%) 5.4 4.3 3.7 6.8 4.2 5.3 5.7 8.8 Maturity (years) 19.1 18.2 11.5 7.1 9.9 5.7 6.8 5.8 Grace period (years) 8.4 4.7 2.6 0.9 1.6 0.8 1.3 4.6 Grant element (%) 35.0 33.1 27.9 9.4 21.2 11.6 13.4 5.1 Official creditors Interest (%) 4.9 4.3 3.3 5.8 4.3 0.0 2.0 4.2 Maturity (years) 20.4 18.2 12.8 12.3 20.8 0.0 14.4 16.0 Grace period (years) 9.0 4.7 2.6 2.0 6.0 0.0 4.8 3.8 Grant element (%) 38.2 33.1 33.3 19.3 38.3 0.0 46.1 32.7 Private creditors Interest (%) 11.5 0.0 4.4 7.1 4.1 5.3 6.1 9.1 Maturity (years) 4.8 0.0 9.2 5.6 6.8 5.7 6.0 5.1 Grace period (years) 0.9 0.0 2.5 0.6 0.3 0.8 0.9 4.6 Grant element (%) -2.5 0.0 18.3 6.6 16.4 11.6 10.0 3.3 10. CONTRACTUAL OBLIGATIONS ON OUTSTANDING LONG-TERM DEBT 2007 2008 2009 2010 2011 2012 2013 2014 TOTAL Principal 59.0 49.9 44.8 36.1 219.4 15.3 11.5 9.3 Interest 25.1 26.1 24.3 22.7 21.5 2.5 1.9 1.5 Official creditors Principal 26.5 24.9 20.0 18.0 12.0 10.5 10.4 8.8 Interest 5.0 4.2 3.6 3.1 2.6 2.1 1.8 1.4 Bilateral creditors Principal 20.5 19.3 14.8 12.1 6.1 6.0 5.9 4.5 Interest 3.5 2.8 2.2 1.7 1.3 1.0 0.8 0.5 Multilateral creditors Principal 6.0 5.5 5.1 6.0 5.9 4.4 4.4 4.3 Interest 1.5 1.5 1.4 1.4 1.3 1.1 1.0 0.9 Private creditors Principal 32.5 25.1 24.9 18.0 207.4 4.8 1.1 0.5 Interest 20.1 21.8 20.7 19.6 18.9 0.4 0.1 0.1 Notes: 341 SIERRA LEONE (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 1. SUMMARY DEBT DATA TOTAL DEBT STOCKS (EDT) 1,197 1,250 1,226 1,440 1,604 1,728 1,682 1,428 Long-term debt (LDOD) 940 1,058 1,006 1,260 1,418 1,510 1,420 1,323 Public and publicly guaranteed 940 1,058 1,006 1,260 1,418 1,510 1,420 1,323 Private nonguaranteed 0 0 0 0 0 0 0 0 Use of IMF credit 108 165 174 169 169 196 192 35 Short-term debt 148 27 46 10 17 22 69 70 of which interest arrears on LDOD 148 7 39 1 5 2 12 18 Official creditors 83 7 38 1 3 2 12 17 Private creditors 66 0 1 0 2 0 0 0 Memorandum items Principal arrears on LDOD 547 108 68 29 44 49 57 71 Official creditors 173 19 64 29 34 49 57 71 Private creditors 374 88 4 0 10 0 0 0 TOTAL DEBT FLOWS Disbursements 24 115 91 102 63 122 73 60 Long-term debt 24 95 77 66 44 80 52 47 IMF purchases 0 20 14 36 20 41 21 13 Principal repayments 12 60 35 13 15 14 12 21 Long-term debt 7 57 10 12 13 13 10 17 IMF repurchases 5 4 25 1 1 1 2 4 Net flows on debt 12 55 57 85 51 116 98 34 of which short-term debt 0 0 1 -5 3 8 37 -5 Interest payments (INT) 9 23 12 9 11 13 13 13 Long-term debt 9 21 9 8 9 12 11 11 IMF charges 0 1 3 1 1 1 1 1 Short-term debt 0 1 0 1 0 1 1 1 Net transfers on debt 3 32 45 76 40 103 85 21 Total debt service paid (TDS) 21 83 47 22 25 27 25 34 Long-term debt 16 77 19 20 23 24 20 27 IMF repurchases and charges 5 4 28 2 2 2 3 5 Short-term debt (interest only) 0 1 0 1 0 1 1 1 2. OTHER NET RESOURCE FLOWS (LONG-TERM) Net flow of long-term debt (ex. IMF) 17 38 67 54 30 68 43 30 Foreign direct investment (net) 32 7 39 10 9 61 83 59 Portfolio equity flows 0 0 0 0 0 0 0 0 Grants (excluding technical coop.) 30 87 116 228 234 269 268 246 of which: Debt forgiveness grants .. .. 8 12 48 17 14 3 IDA grants .. .. .. 0 3 7 32 29 Memo: technical coop. grants 28 24 21 44 69 38 32 43 Interest on long-term debt 9 21 9 8 9 12 11 11 Profit remittances on FDI 51 11 2 2 9 32 41 27 3. MAJOR ECONOMIC AGGREGATES Gross national income (GNI) 580 818 614 906 963 1,039 1,175 1,415 Exports of goods, serv. & inc. (XGS) 210 153 70 124 204 244 269 353 Worker remit. & comp. of employees 0 24 7 22 26 25 2 33 Imports of goods & services (MGS) 287 290 262 357 421 438 509 486 International reserves (RES) 5 35 49 85 67 125 171 184 Current account balance -69 -118 -112 -73 -83 -99 -104 -101 4. DEBT INDICATORS EDT / XGS (%) 568.8 818.4 1,760.8 1,162.0 784.9 707.5 624.2 404.0 EDT / GNI (%) 206.4 152.7 199.6 158.9 166.6 166.2 143.1 100.9 TDS / XGS (%) 10.1 54.3 67.1 17.5 12.4 11.2 9.3 9.6 INT / XGS (%) 4.4 14.9 17.0 7.2 5.2 5.4 4.8 3.6 INT / GNI (%) 1.6 2.8 1.9 1.0 1.1 1.3 1.1 0.9 RES / EDT (%) 0.5 2.8 4.0 5.9 4.2 7.2 10.1 12.9 RES / MGS (months) 0.2 1.4 2.3 2.8 1.9 3.4 4.0 4.5 Short-term / EDT (%) 12.4 2.2 3.8 0.7 1.0 1.3 4.1 4.9 Concessional / EDT (%) 26.2 56.1 66.6 74.1 74.6 76.6 75.6 83.8 Multilateral / EDT (%) 15.2 34.7 47.0 50.2 51.2 53.4 52.5 61.4 342 SIERRA LEONE (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 5. LONG-TERM DEBT DEBT OUTSTANDING (LDOD) 940 1,058 1,006 1,260 1,418 1,510 1,420 1,323 Public and publicly guaranteed 940 1,058 1,006 1,260 1,418 1,510 1,420 1,323 Official creditors 508 966 1,000 1,259 1,405 1,508 1,419 1,321 Multilateral 182 434 576 722 821 922 884 876 Concessional 170 412 548 701 789 890 860 854 Bilateral 327 532 424 536 584 585 535 445 Concessional 143 289 268 366 408 433 411 343 Private creditors 431 92 5 1 12 2 2 2 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 17 0 0 0 0 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 Commercial banks and other 0 0 0 0 0 0 0 0 Memo: IBRD 11 3 0 0 0 0 0 0 IDA 81 231 354 479 543 591 559 533 Public sector LDOD 608 974 1,006 1,260 1,418 1,510 1,420 1,323 Private sector LDOD 332 84 0 0 0 0 0 0 DISBURSEMENTS 24 95 77 66 44 80 52 47 Public and publicly guaranteed 24 95 77 66 44 80 52 47 Official creditors 20 95 77 66 44 80 52 47 Multilateral 1 87 74 63 41 77 51 45 Concessional 1 86 74 63 36 77 51 45 Bilateral 19 8 3 3 3 4 1 1 Concessional 19 8 3 3 3 4 1 1 Private creditors 4 0 0 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 Commercial banks and other 0 0 0 0 0 0 0 0 Memo: IBRD 0 0 0 0 0 0 0 0 IDA 0 44 70 44 24 31 19 16 PRINCIPAL REPAYMENTS 7 57 10 12 13 13 10 17 Public and publicly guaranteed 7 57 10 12 13 13 10 17 Official creditors 7 28 10 12 13 13 10 17 Multilateral 2 4 7 5 5 2 2 15 Concessional 0 3 6 4 4 2 2 14 Bilateral 5 25 2 7 8 10 8 1 Concessional 2 4 0 1 2 4 2 1 Private creditors 0 28 0 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 0 28 0 0 0 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 Commercial banks and other 0 0 0 0 0 0 0 0 Memo: IBRD 0 1 0 0 0 0 0 0 IDA 0 2 2 1 0 0 0 9 INTEREST PAYMENTS (LINT) 9 21 9 8 9 12 11 11 Public and publicly guaranteed 9 21 9 8 9 12 11 11 Official creditors 4 21 9 8 9 12 11 11 Multilateral 2 3 4 3 3 5 6 8 Concessional 1 2 3 2 3 5 6 7 Bilateral 2 18 5 5 6 6 5 3 Concessional 1 3 0 1 2 2 2 3 Private creditors 5 0 0 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 Commercial banks and other 0 0 0 0 0 0 0 0 Memo: IBRD 0 0 0 0 0 0 0 0 IDA 0 2 2 1 2 3 4 4 343 SIERRA LEONE (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 6. CURRENCY COMPOSITION OF PUBLIC AND PUBLICLY GUARANTEED DEBT (PERCENT) Euro .. .. .. 15.2 15.8 14.4 12.9 11.8 Japanese yen 4.8 7.4 6.8 8.6 8.7 8.6 8.2 8.7 Pound sterling 1.4 0.5 0.6 0.3 0.4 0.4 0.3 0.4 Swiss franc 5.3 2.8 2.2 1.7 1.7 1.8 1.8 2.1 U.S.dollars 54.9 42.5 46.3 49.7 49.0 48.8 48.9 46.1 7. DEBT RESTRUCTURINGS Total amount rescheduled 0 31 0 15 9 17 5 5 Debt stock rescheduled 0 0 0 0 0 0 0 1 Principal rescheduled 0 26 0 9 4 6 2 3 Official 0 25 0 9 4 6 2 3 Private 0 1 0 0 0 0 0 0 Interest rescheduled 0 4 0 5 4 5 2 2 Official 0 4 0 5 4 5 2 2 Private 0 0 0 0 0 0 0 0 Debt forgiven 0 18 0 11 19 29 24 17 Memo: interest forgiven 0 119 0 6 6 2 5 9 Debt stock reduction 0 222 0 0 0 0 0 11 of which debt buyback 0 29 0 0 0 0 0 0 8. DEBT STOCK-FLOW RECONCILIATION Total change in debt stocks 107 -308 -70 148 164 124 -46 -254 Net flows on debt 12 55 57 85 51 116 98 34 Cross-currency valuation 44 18 -47 92 110 49 -119 -69 9. AVERAGE TERMS OF NEW COMMITMENTS ALL CREDITORS Interest (%) 2.3 0.6 0.8 1.4 0.7 0.8 0.0 0.0 Maturity (years) 26.6 32.6 39.8 35.8 39.0 40.9 43.3 28.7 Grace period (years) 8.9 7.8 10.3 7.6 9.7 8.0 4.1 5.9 Grant element (%) 60.9 70.4 80.6 69.9 79.3 73.9 80.4 75.9 Official creditors Interest (%) 1.1 0.6 0.8 1.4 0.7 0.8 0.0 0.0 Maturity (years) 30.6 32.6 39.8 35.8 39.0 40.9 43.3 28.7 Grace period (years) 10.2 7.8 10.3 7.6 9.7 8.0 4.1 5.9 Grant element (%) 71.2 70.4 80.6 69.9 79.3 73.9 80.4 75.9 Private creditors Interest (%) 9.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Maturity (years) 3.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Grace period (years) 1.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Grant element (%) 1.2 0.0 0.0 0.0 0.0 0.0 0.0 0.0 10. CONTRACTUAL OBLIGATIONS ON OUTSTANDING LONG-TERM DEBT 2007 2008 2009 2010 2011 2012 2013 2014 TOTAL Principal 46 48 47 48 49 51 46 50 Interest 22 21 20 19 18 16 15 14 Official creditors Principal 45 48 47 48 49 51 46 50 Interest 22 21 20 19 17 16 15 14 Bilateral creditors Principal 25 25 25 24 24 25 18 18 Interest 15 14 13 12 11 10 9 8 Multilateral creditors Principal 21 22 22 24 25 26 27 31 Interest 7 7 7 7 6 6 6 6 Private creditors Principal 0 0 0 0 0 0 0 0 Interest 0 0 0 0 0 0 0 0 Notes: 344 SLOVAK REPUBLIC (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 1. SUMMARY DEBT DATA TOTAL DEBT STOCKS (EDT) .. 5,744 12,140 13,113 18,175 22,242 23,946 27,085 Long-term debt (LDOD) .. 3,573 9,725 8,876 10,119 11,778 8,722 11,501 Public and publicly guaranteed .. 3,488 6,304 4,296 4,510 5,167 3,315 4,508 Private nonguaranteed .. 85 3,421 4,580 5,609 6,611 5,407 6,994 Use of IMF credit .. 457 0 0 0 0 0 0 Short-term debt .. 1,714 2,415 4,237 8,056 10,464 15,224 15,584 of which interest arrears on LDOD .. 0 0 0 21 17 22 28 Official creditors .. 0 0 0 0 0 0 0 Private creditors .. 0 0 0 21 17 22 28 Memorandum items Principal arrears on LDOD .. 0 244 42 140 90 58 67 Official creditors .. 0 0 0 0 0 0 0 Private creditors .. 0 244 42 140 90 58 67 TOTAL DEBT FLOWS Disbursements .. 1,013 2,004 3,862 3,538 5,190 2,622 4,586 Long-term debt .. 1,013 2,004 3,862 3,538 5,190 2,622 4,586 IMF purchases .. 0 0 0 0 0 0 0 Principal repayments .. 862 2,022 2,400 2,966 4,162 4,875 2,772 Long-term debt .. 662 1,895 2,400 2,966 4,162 4,875 2,772 IMF repurchases .. 201 127 0 0 0 0 0 Net flows on debt .. 629 -309 1,632 2,883 3,441 2,501 2,168 of which short-term debt .. 478 -291 171 2,312 2,413 4,754 354 Interest payments (INT) .. 404 768 1,011 652 916 1,022 1,353 Long-term debt .. 282 569 909 516 587 374 377 IMF charges .. 32 6 0 0 0 0 0 Short-term debt .. 90 194 102 136 329 648 976 Net transfers on debt .. 224 -1,077 621 2,231 2,525 1,479 815 Total debt service paid (TDS) .. 1,267 2,790 3,411 3,618 5,078 5,897 4,125 Long-term debt .. 944 2,464 3,309 3,482 4,749 5,249 3,149 IMF repurchases and charges .. 233 133 0 0 0 0 0 Short-term debt (interest only) .. 90 194 102 136 329 648 976 2. OTHER NET RESOURCE FLOWS (LONG-TERM) Net flow of long-term debt (ex. IMF) .. 352 109 1,463 572 1,028 -2,253 1,813 Foreign direct investment (net) .. 236 1,925 4,123 2,160 3,031 2,107 4,165 Portfolio equity flows .. -16 -53 10 59 0 0 0 Grants (excluding technical coop.) .. 14 63 122 120 184 0 0 of which: Debt forgiveness grants .. .. 0 0 0 0 0 0 IDA grants .. .. .. 0 0 0 0 0 Memo: technical coop. grants .. 68 16 29 31 28 0 0 Interest on long-term debt .. 282 569 909 516 587 374 377 Profit remittances on FDI .. 0 43 154 178 0 0 0 3. MAJOR ECONOMIC AGGREGATES Gross national income (GNI) .. 19,701 20,021 24,061 32,857 41,609 45,446 52,960 Exports of goods, serv. & inc. (XGS) .. 11,219 14,405 17,614 26,148 .. .. .. Worker remit. & comp. of employees .. 26 18 24 424 424 424 424 Imports of goods & services (MGS) .. 10,922 15,219 19,767 26,675 .. .. .. International reserves (RES) .. 3,863 4,376 9,196 12,149 14,912 15,480 13,364 Current account balance .. 390 -694 -1,955 -282 .. .. .. 4. DEBT INDICATORS EDT / XGS (%) .. 51.2 84.3 74.4 69.5 .. .. .. EDT / GNI (%) .. 29.2 60.6 54.5 55.3 53.5 52.7 51.1 TDS / XGS (%) .. 11.3 19.4 19.4 13.8 .. .. .. INT / XGS (%) .. 3.6 5.3 5.7 2.5 .. .. .. INT / GNI (%) .. 2.1 3.8 4.2 2.0 2.2 2.2 2.6 RES / EDT (%) .. 67.3 36.0 70.1 66.8 67.0 64.6 49.3 RES / MGS (months) .. 4.2 3.5 5.6 5.5 .. .. .. Short-term / EDT (%) .. 29.8 19.9 32.3 44.3 47.0 63.6 57.5 Concessional / EDT (%) .. 1.6 2.7 2.0 0.4 0.3 0.4 0.3 Multilateral / EDT (%) .. 7.7 5.3 6.1 5.5 4.5 3.3 3.1 345 SLOVAK REPUBLIC (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 5. LONG-TERM DEBT DEBT OUTSTANDING (LDOD) .. 3,573 9,725 8,876 10,119 11,778 8,722 11,501 Public and publicly guaranteed .. 3,488 6,304 4,296 4,510 5,167 3,315 4,508 Official creditors .. 617 1,136 1,214 1,240 1,214 958 945 Multilateral .. 442 649 802 997 991 795 838 Concessional .. 0 0 1 3 10 9 16 Bilateral .. 175 487 411 243 224 164 107 Concessional .. 91 323 262 79 59 75 66 Private creditors .. 2,871 5,168 3,082 3,270 3,952 2,357 3,562 of which: Bonds .. 581 2,780 2,512 2,814 3,701 2,347 2,239 Commercial banks .. 399 900 478 448 245 5 6 Private nonguaranteed .. 85 3,421 4,580 5,609 6,611 5,407 6,994 Bonds .. 0 0 0 0 0 0 0 Commercial banks and other .. 85 3,421 4,580 5,609 6,611 5,407 6,994 Memo: IBRD .. 263 184 204 293 401 302 298 IDA .. 0 0 0 0 0 0 0 Public sector LDOD .. 3,361 6,199 4,219 4,416 5,057 3,209 4,401 Private sector LDOD .. 212 3,526 4,657 5,703 6,721 5,513 7,101 DISBURSEMENTS .. 1,013 2,004 3,862 3,538 5,190 2,622 4,586 Public and publicly guaranteed .. 945 1,013 37 1,045 1,634 106 1,300 Official creditors .. 161 88 37 155 346 101 43 Multilateral .. 84 51 34 128 302 73 43 Concessional .. 0 0 1 2 7 0 6 Bilateral .. 78 37 3 27 44 28 0 Concessional .. 77 0 1 9 21 28 0 Private creditors .. 784 925 0 890 1,288 5 1,256 of which: Bonds .. 0 748 0 848 1,243 0 0 Commercial banks .. 67 177 0 42 45 5 1 Private nonguaranteed .. 68 991 3,825 2,493 3,556 2,516 3,286 Bonds .. 0 0 0 0 0 0 0 Commercial banks and other .. 68 991 3,825 2,493 3,556 2,516 3,286 Memo: IBRD .. 8 1 0 81 104 29 8 IDA .. 0 0 0 0 0 0 0 PRINCIPAL REPAYMENTS .. 662 1,895 2,400 2,966 4,162 4,875 2,772 Public and publicly guaranteed .. 658 567 597 1,502 1,339 1,375 506 Official creditors .. 54 118 114 318 457 211 150 Multilateral .. 42 95 54 79 381 150 86 Concessional .. 0 0 0 0 0 0 0 Bilateral .. 13 23 60 239 76 60 64 Concessional .. 0 12 32 207 42 4 9 Private creditors .. 604 449 483 1,184 882 1,165 356 of which: Bonds .. 0 199 189 973 622 934 351 Commercial banks .. 194 95 266 121 259 229 0 Private nonguaranteed .. 3 1,327 1,803 1,464 2,823 3,500 2,267 Bonds .. 0 0 0 0 0 0 0 Commercial banks and other .. 3 1,327 1,803 1,464 2,823 3,500 2,267 Memo: IBRD .. 0 23 22 24 29 85 41 IDA .. 0 0 0 0 0 0 0 INTEREST PAYMENTS (LINT) .. 282 569 909 516 587 374 377 Public and publicly guaranteed .. 282 317 281 296 218 218 189 Official creditors .. 38 58 56 58 45 43 37 Multilateral .. 29 38 37 44 36 35 32 Concessional .. 0 0 0 0 0 0 0 Bilateral .. 8 20 19 14 9 8 4 Concessional .. 2 11 10 6 2 1 2 Private creditors .. 244 259 224 238 173 176 152 of which: Bonds .. 53 160 187 212 161 167 152 Commercial banks .. 51 47 28 17 11 8 0 Private nonguaranteed .. 1 252 628 221 369 156 188 Bonds .. 0 0 0 0 0 0 0 Commercial banks and other .. 1 252 628 221 369 156 188 Memo: IBRD .. 17 11 9 10 11 12 10 IDA .. 0 0 0 0 0 0 0 346 SLOVAK REPUBLIC (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 6. CURRENCY COMPOSITION OF PUBLIC AND PUBLICLY GUARANTEED DEBT (PERCENT) Euro .. .. .. 66.3 84.0 89.6 88.8 97.2 Japanese yen .. 2.6 8.7 8.2 1.7 1.2 2.3 1.5 Pound sterling .. 0.1 0.0 0.0 0.0 0.0 0.0 0.0 Swiss franc .. 0.1 0.0 0.0 0.0 0.0 0.0 0.0 U.S.dollars .. 1.5 17.2 17.1 8.4 5.8 7.4 0.8 7. DEBT RESTRUCTURINGS Total amount rescheduled .. 0 0 0 0 0 0 0 Debt stock rescheduled .. 0 0 0 0 0 0 0 Principal rescheduled .. 0 0 0 0 0 0 0 Official .. 0 0 0 0 0 0 0 Private .. 0 0 0 0 0 0 0 Interest rescheduled .. 0 0 0 0 0 0 0 Official .. 0 0 0 0 0 0 0 Private .. 0 0 0 0 0 0 0 Debt forgiven .. 0 0 0 0 0 0 0 Memo: interest forgiven .. 0 0 0 0 0 0 0 Debt stock reduction .. 0 0 0 0 0 0 0 of which debt buyback .. 0 0 0 0 0 0 0 8. DEBT STOCK-FLOW RECONCILIATION Total change in debt stocks .. 986 -435 1,959 5,062 4,067 1,704 3,139 Net flows on debt .. 629 -309 1,632 2,883 3,441 2,501 2,168 Cross-currency valuation .. 66 -235 549 664 264 -598 302 9. AVERAGE TERMS OF NEW COMMITMENTS ALL CREDITORS Interest (%) .. 5.8 7.1 4.6 1.6 4.4 2.5 4.0 Maturity (years) .. 8.8 8.0 20.0 4.6 10.5 5.2 15.0 Grace period (years) .. 3.3 6.9 6.1 2.3 10.0 5.2 15.0 Grant element (%) .. 19.0 13.1 35.3 20.2 34.0 29.0 45.6 Official creditors Interest (%) .. 4.1 7.4 4.6 1.4 4.1 2.5 4.8 Maturity (years) .. 14.6 11.1 20.0 16.0 17.0 5.2 4.3 Grace period (years) .. 3.8 3.8 6.1 3.6 12.3 5.2 4.3 Grant element (%) .. 32.6 12.1 35.3 45.2 42.9 29.0 16.9 Private creditors Interest (%) .. 7.3 7.1 0.0 1.6 4.5 0.0 4.0 Maturity (years) .. 3.8 7.7 0.0 2.0 9.7 0.0 15.0 Grace period (years) .. 2.9 7.2 0.0 2.0 9.7 0.0 15.0 Grant element (%) .. 7.3 13.2 0.0 14.6 32.8 0.0 45.6 10. CONTRACTUAL OBLIGATIONS ON OUTSTANDING LONG-TERM DEBT 2007 2008 2009 2010 2011 2012 2013 2014 TOTAL Principal 1,161 903 876 1,517 837 876 839 2,126 Interest 662 587 533 480 380 327 276 225 Official creditors Principal 125 117 98 97 80 76 63 58 Interest 42 38 33 29 25 22 19 17 Bilateral creditors Principal 13 12 11 11 8 6 6 6 Interest 5 4 4 3 3 3 2 2 Multilateral creditors Principal 112 105 86 85 72 70 57 51 Interest 38 33 29 26 22 19 17 15 Private creditors Principal 1,036 786 778 1,420 757 800 776 2,069 Interest 620 550 500 451 354 305 257 208 Notes: Short-term debt data are from the Annual Reports of the National Bank of Slovakia (NBS). 347 SOLOMON ISLANDS (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 1. SUMMARY DEBT DATA TOTAL DEBT STOCKS (EDT) 120.5 158.7 155.4 179.8 178.0 177.0 166.4 173.4 Long-term debt (LDOD) 103.2 149.1 152.1 175.5 169.9 166.3 151.1 157.8 Public and publicly guaranteed 103.2 100.3 120.7 150.2 151.3 155.3 144.1 150.8 Private nonguaranteed 0.0 48.8 31.5 25.3 18.6 11.0 7.0 7.0 Use of IMF credit 0.7 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Short-term debt 16.6 9.7 3.2 4.3 8.1 10.8 15.3 15.6 of which interest arrears on LDOD 0.1 8.4 1.8 3.9 6.7 9.8 12.3 13.6 Official creditors 0.1 0.5 0.4 2.3 1.9 1.9 2.4 3.5 Private creditors 0.0 8.0 1.4 1.6 4.8 7.8 9.8 10.2 Memorandum items Principal arrears on LDOD 0.2 11.4 3.3 6.0 7.4 8.8 11.3 13.6 Official creditors 0.2 1.5 1.0 2.8 3.8 5.3 5.7 8.0 Private creditors 0.0 9.9 2.3 3.2 3.6 3.5 5.6 5.6 TOTAL DEBT FLOWS Disbursements 5.2 11.8 3.4 10.3 0.4 2.2 5.7 5.1 Long-term debt 5.2 11.8 3.4 10.3 0.4 2.2 5.7 5.1 IMF purchases 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal repayments 7.9 6.5 6.2 3.3 5.5 10.4 10.0 2.8 Long-term debt 7.0 6.5 6.2 3.3 5.5 10.4 10.0 2.8 IMF repurchases 0.8 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Net flows on debt 13.8 4.5 -4.4 5.4 -4.2 -8.6 -2.3 1.2 of which short-term debt 16.5 -0.8 -1.5 -1.6 0.9 -0.3 2.0 -1.0 Interest payments (INT) 3.7 1.6 2.9 2.4 3.9 6.2 4.0 1.5 Long-term debt 3.1 1.5 2.7 2.3 3.9 6.2 3.9 1.3 IMF charges 0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Short-term debt 0.5 0.1 0.1 0.0 0.0 0.0 0.1 0.2 Net transfers on debt 10.1 3.0 -7.3 3.0 -8.1 -14.8 -6.3 -0.2 Total debt service paid (TDS) 11.6 8.1 9.1 5.7 9.4 16.6 14.0 4.3 Long-term debt 10.1 8.0 9.0 5.7 9.4 16.6 13.9 4.1 IMF repurchases and charges 1.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Short-term debt (interest only) 0.5 0.1 0.1 0.0 0.0 0.0 0.1 0.2 2. OTHER NET RESOURCE FLOWS (LONG-TERM) Net flow of long-term debt (ex. IMF) -1.8 5.3 -2.9 6.9 -5.1 -8.2 -4.3 2.2 Foreign direct investment (net) 10.4 2.0 13.0 -0.4 -1.8 6.0 18.6 18.6 Portfolio equity flows 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Grants (excluding technical coop.) 20.2 20.6 48.7 12.4 20.5 25.2 54.0 50.9 of which: Debt forgiveness grants .. .. 0.0 0.5 0.0 0.0 0.0 0.0 IDA grants .. .. .. 0.0 0.0 0.0 0.0 0.0 Memo: technical coop. grants 19.5 26.0 20.9 17.1 62.7 96.3 143.3 151.4 Interest on long-term debt 3.1 1.5 2.7 2.3 3.9 6.2 3.9 1.3 Profit remittances on FDI 2.0 6.8 8.3 7.0 5.5 6.8 5.3 11.0 3. MAJOR ECONOMIC AGGREGATES Gross national income (GNI) 207.3 320.7 298.5 221.9 226.0 266.7 300.2 338.9 Exports of goods, serv. & inc. (XGS) 97.8 211.3 128.8 53.1 96.5 129.1 157.6 209.6 Worker remit. & comp. of employees 0.0 0.0 2.0 2.0 4.0 9.0 7.0 20.4 Imports of goods & services (MGS) 163.6 239.4 176.4 128.0 162.8 171.0 250.1 325.0 International reserves (RES) 17.6 15.9 32.0 18.2 37.2 80.6 95.4 104.4 Current account balance -27.8 8.3 -41.0 -67.6 -39.9 -18.9 -90.2 -97.3 4. DEBT INDICATORS EDT / XGS (%) 123.2 75.1 120.6 338.4 184.4 137.1 105.6 82.8 EDT / GNI (%) 58.1 49.5 52.0 81.1 78.8 66.4 55.4 51.2 TDS / XGS (%) 11.8 3.8 7.1 10.7 9.7 12.9 8.9 2.0 INT / XGS (%) 3.8 0.7 2.2 4.4 4.0 4.8 2.6 0.7 INT / GNI (%) 1.8 0.5 1.0 1.1 1.7 2.3 1.3 0.4 RES / EDT (%) 14.6 10.0 20.6 10.1 20.9 45.5 57.4 60.2 RES / MGS (months) 1.3 0.8 2.2 1.7 2.7 5.7 4.6 3.9 Short-term / EDT (%) 13.8 6.1 2.1 2.4 4.5 6.1 9.2 9.0 Concessional / EDT (%) 64.1 54.3 74.3 80.6 81.9 84.6 85.7 85.7 Multilateral / EDT (%) 51.0 50.1 64.6 58.3 60.3 63.2 64.3 65.5 348 SOLOMON ISLANDS (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 5. LONG-TERM DEBT DEBT OUTSTANDING (LDOD) 103.2 149.1 152.1 175.5 169.9 166.3 151.1 157.8 Public and publicly guaranteed 103.2 100.3 120.7 150.2 151.3 155.3 144.1 150.8 Official creditors 89.1 95.1 117.3 145.9 147.0 151.1 143.7 149.8 Multilateral 61.5 79.5 100.4 104.8 107.3 111.8 106.9 113.6 Concessional 61.5 78.2 99.5 103.8 106.0 110.5 105.7 112.4 Bilateral 27.7 15.6 16.9 41.1 39.8 39.3 36.8 36.2 Concessional 15.8 8.0 16.0 41.1 39.8 39.3 36.8 36.2 Private creditors 14.1 5.2 3.4 4.2 4.2 4.2 0.4 1.0 of which: Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 10.9 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private nonguaranteed 0.0 48.8 31.5 25.3 18.6 11.0 7.0 7.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks and other 0.0 48.8 31.5 25.3 18.6 11.0 7.0 7.0 Memo: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 16.6 25.9 38.4 40.8 44.3 46.8 43.4 44.9 Public sector LDOD 103.2 100.3 120.7 150.2 151.3 155.3 144.1 150.8 Private sector LDOD 0.0 48.8 31.5 25.3 18.6 11.0 7.0 7.0 DISBURSEMENTS 5.2 11.8 3.4 10.3 0.4 2.2 5.7 5.1 Public and publicly guaranteed 5.2 9.1 3.4 10.3 0.4 2.2 5.7 5.1 Official creditors 5.2 4.8 3.4 10.3 0.4 2.2 5.3 4.4 Multilateral 5.2 4.8 1.4 0.3 0.4 2.2 5.3 4.4 Concessional 5.2 3.5 1.4 0.3 0.4 2.2 5.3 4.4 Bilateral 0.0 0.0 2.0 10.0 0.0 0.0 0.0 0.0 Concessional 0.0 0.0 2.0 10.0 0.0 0.0 0.0 0.0 Private creditors 0.0 4.2 0.0 0.0 0.0 0.0 0.4 0.6 of which: Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private nonguaranteed 0.0 2.8 0.0 0.0 0.0 0.0 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks and other 0.0 2.8 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 2.5 3.2 0.6 0.3 0.2 1.3 0.9 0.3 PRINCIPAL REPAYMENTS 7.0 6.5 6.2 3.3 5.5 10.4 10.0 2.8 Public and publicly guaranteed 7.0 1.8 2.7 0.7 2.9 2.6 5.8 2.8 Official creditors 3.9 1.3 2.7 0.7 2.9 2.6 3.2 2.8 Multilateral 0.5 0.6 1.1 0.3 2.5 2.0 2.0 2.1 Concessional 0.5 0.6 1.1 0.3 2.5 2.0 2.0 2.1 Bilateral 3.4 0.7 1.6 0.4 0.4 0.6 1.2 0.6 Concessional 1.4 0.2 1.6 0.4 0.4 0.6 1.2 0.6 Private creditors 3.1 0.5 0.0 0.0 0.0 0.0 2.6 0.1 of which: Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 2.7 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private nonguaranteed 0.0 4.7 3.5 2.6 2.6 7.8 4.2 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks and other 0.0 4.7 3.5 2.6 2.6 7.8 4.2 0.0 Memo: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 0.0 0.1 0.2 0.3 0.5 0.9 0.8 0.9 INTEREST PAYMENTS (LINT) 3.1 1.5 2.7 2.3 3.9 6.2 3.9 1.3 Public and publicly guaranteed 3.1 0.9 0.8 0.7 2.4 2.2 1.7 1.3 Official creditors 1.6 0.8 0.8 0.7 2.4 2.2 1.7 1.3 Multilateral 0.6 0.5 0.7 0.4 1.5 0.8 0.8 0.8 Concessional 0.6 0.5 0.7 0.4 1.5 0.8 0.8 0.8 Bilateral 1.0 0.3 0.1 0.3 0.9 1.4 0.9 0.4 Concessional 0.0 0.0 0.1 0.3 0.9 1.4 0.9 0.4 Private creditors 1.5 0.1 0.0 0.0 0.0 0.0 0.0 0.0 of which: Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 1.2 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private nonguaranteed 0.0 0.6 1.9 1.6 1.4 4.0 2.3 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks and other 0.0 0.6 1.9 1.6 1.4 4.0 2.3 0.0 Memo: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 0.1 0.2 0.3 0.4 0.3 0.4 0.3 0.3 349 SOLOMON ISLANDS (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 6. CURRENCY COMPOSITION OF PUBLIC AND PUBLICLY GUARANTEED DEBT (PERCENT) Euro .. .. .. 5.1 6.1 6.4 7.0 7.5 Japanese yen 4.8 3.8 3.4 2.6 2.9 2.9 2.8 2.6 Pound sterling 13.1 6.4 2.9 1.2 0.0 0.0 0.0 0.0 Swiss franc 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 U.S.dollars 52.0 53.9 67.1 72.9 73.8 73.6 73.7 73.9 7. DEBT RESTRUCTURINGS Total amount rescheduled 0.0 0.0 7.8 0.0 0.0 0.0 0.0 0.0 Debt stock rescheduled 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal rescheduled 0.0 0.0 6.4 0.0 0.0 0.0 0.0 0.0 Official 0.0 0.0 6.4 0.0 0.0 0.0 0.0 0.0 Private 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Interest rescheduled 0.0 0.0 1.4 0.0 0.0 0.0 0.0 0.0 Official 0.0 0.0 1.4 0.0 0.0 0.0 0.0 0.0 Private 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Debt forgiven 0.0 6.3 0.0 0.0 1.6 0.0 1.7 0.0 Memo: interest forgiven 0.0 0.0 0.0 0.0 0.0 0.0 6.4 0.0 Debt stock reduction 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 of which debt buyback 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 8. DEBT STOCK-FLOW RECONCILIATION Total change in debt stocks 20.5 3.8 -9.6 16.6 -1.9 -0.9 -10.7 7.1 Net flows on debt 13.8 4.5 -4.4 5.4 -4.2 -8.6 -2.3 1.2 Cross-currency valuation 6.6 -0.5 -7.0 8.1 11.5 4.5 -8.5 4.3 9. AVERAGE TERMS OF NEW COMMITMENTS ALL CREDITORS Interest (%) 2.2 4.9 0.8 0.0 0.0 0.0 5.0 0.0 Maturity (years) 17.7 15.9 40.0 0.0 0.0 0.0 5.1 4.0 Grace period (years) 11.5 2.6 10.5 0.0 0.0 0.0 0.0 0.6 Grant element (%) 56.9 29.4 80.9 0.0 0.0 0.0 11.1 19.2 Official creditors Interest (%) 2.2 3.4 0.8 0.0 0.0 0.0 0.0 0.0 Maturity (years) 17.7 18.9 40.0 0.0 0.0 0.0 0.0 0.0 Grace period (years) 11.5 3.6 10.5 0.0 0.0 0.0 0.0 0.0 Grant element (%) 56.9 40.8 80.9 0.0 0.0 0.0 0.0 0.0 Private creditors Interest (%) 0.0 7.8 0.0 0.0 0.0 0.0 5.0 0.0 Maturity (years) 0.0 10.2 0.0 0.0 0.0 0.0 5.1 4.0 Grace period (years) 0.0 0.7 0.0 0.0 0.0 0.0 0.0 0.6 Grant element (%) 0.0 7.6 0.0 0.0 0.0 0.0 11.1 19.2 10. CONTRACTUAL OBLIGATIONS ON OUTSTANDING LONG-TERM DEBT 2007 2008 2009 2010 2011 2012 2013 2014 TOTAL Principal 6.2 8.7 7.2 7.6 7.6 7.4 7.0 7.1 Interest 2.5 2.6 2.6 2.5 2.3 2.1 2.0 1.9 Official creditors Principal 5.5 8.3 6.8 7.3 7.3 7.2 6.9 7.0 Interest 2.0 2.1 2.1 2.0 1.9 1.8 1.6 1.5 Bilateral creditors Principal 2.4 2.4 2.4 2.4 2.4 2.4 2.4 2.2 Interest 1.1 1.1 1.0 0.9 0.8 0.7 0.7 0.6 Multilateral creditors Principal 3.1 5.9 4.4 4.9 5.0 4.8 4.5 4.9 Interest 0.9 1.0 1.1 1.1 1.1 1.0 1.0 0.9 Private creditors Principal 0.7 0.4 0.4 0.3 0.2 0.1 0.1 0.1 Interest 0.5 0.5 0.5 0.4 0.4 0.4 0.4 0.4 Notes: 350 SOMALIA (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 1. SUMMARY DEBT DATA TOTAL DEBT STOCKS (EDT) 2,370 2,678 2,562 2,689 2,838 2,849 2,750 2,836 Long-term debt (LDOD) 1,926 1,961 1,825 1,860 1,936 1,949 1,882 1,923 Public and publicly guaranteed 1,926 1,961 1,825 1,860 1,936 1,949 1,882 1,923 Private nonguaranteed 0 0 0 0 0 0 0 0 Use of IMF credit 159 166 146 152 166 174 160 168 Short-term debt 285 551 591 677 735 726 709 745 of which interest arrears on LDOD 255 521 569 644 702 726 709 745 Official creditors 249 504 554 628 686 709 693 728 Private creditors 5 17 15 15 17 17 16 17 Memorandum items Principal arrears on LDOD 674 1,135 1,241 1,370 1,451 1,483 1,460 1,521 Official creditors 646 1,098 1,208 1,336 1,415 1,446 1,425 1,484 Private creditors 28 37 33 34 36 37 35 37 TOTAL DEBT FLOWS Disbursements 46 0 0 0 0 0 0 0 Long-term debt 46 0 0 0 0 0 0 0 IMF purchases 0 0 0 0 0 0 0 0 Principal repayments 5 0 0 0 0 0 0 0 Long-term debt 3 0 0 0 0 0 0 0 IMF repurchases 3 0 0 0 0 0 0 0 Net flows on debt 58 0 -7 9 0 -33 0 0 of which short-term debt 18 0 -7 9 0 -33 0 0 Interest payments (INT) 5 1 0 0 0 0 0 0 Long-term debt 4 0 0 0 0 0 0 0 IMF charges 1 1 0 0 0 0 0 0 Short-term debt 0 0 0 0 0 0 0 0 Net transfers on debt 53 -1 -7 9 0 -33 0 0 Total debt service paid (TDS) 11 1 0 0 0 0 0 0 Long-term debt 7 0 0 0 0 0 0 0 IMF repurchases and charges 4 1 0 0 0 0 0 0 Short-term debt (interest only) 0 0 0 0 0 0 0 0 2. OTHER NET RESOURCE FLOWS (LONG-TERM) Net flow of long-term debt (ex. IMF) 43 0 0 0 0 0 0 0 Foreign direct investment (net) 6 1 0 0 -1 21 24 96 Portfolio equity flows 0 0 0 0 0 0 0 0 Grants (excluding technical coop.) 323 149 86 178 155 192 229 374 of which: Debt forgiveness grants .. .. 2 2 2 1 1 1 IDA grants .. .. .. 0 0 0 0 0 Memo: technical coop. grants 94 43 16 14 20 11 9 19 Interest on long-term debt 4 0 0 0 0 0 0 0 Profit remittances on FDI 0 0 0 0 0 0 0 0 3. MAJOR ECONOMIC AGGREGATES Gross national income (GNI) 835 .. .. .. .. .. .. .. Exports of goods, serv. & inc. (XGS) .. .. .. .. .. .. .. .. Worker remit. & comp. of employees 0 0 0 0 0 0 0 0 Imports of goods & services (MGS) .. .. .. .. .. .. .. .. International reserves (RES) .. .. .. .. .. .. .. .. Current account balance .. .. .. .. .. .. .. .. 4. DEBT INDICATORS EDT / XGS (%) .. .. .. .. .. .. .. .. EDT / GNI (%) 283.9 .. .. .. .. .. .. .. TDS / XGS (%) .. .. .. .. .. .. .. .. INT / XGS (%) .. .. .. .. .. .. .. .. INT / GNI (%) 0.6 .. .. .. .. .. .. .. RES / EDT (%) .. .. .. .. .. .. .. .. RES / MGS (months) .. .. .. .. .. .. .. .. Short-term / EDT (%) 12.0 20.6 23.1 25.2 25.9 25.5 25.8 26.3 Concessional / EDT (%) 65.7 59.6 58.1 56.3 55.4 55.4 55.4 54.9 Multilateral / EDT (%) 31.8 29.4 27.7 27.1 27.2 27.8 27.5 27.5 351 SOMALIA (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 5. LONG-TERM DEBT DEBT OUTSTANDING (LDOD) 1,926 1,961 1,825 1,860 1,936 1,949 1,882 1,923 Public and publicly guaranteed 1,926 1,961 1,825 1,860 1,936 1,949 1,882 1,923 Official creditors 1,889 1,924 1,792 1,826 1,900 1,912 1,846 1,886 Multilateral 754 786 709 727 771 793 755 779 Concessional 735 767 693 710 752 772 737 759 Bilateral 1,136 1,138 1,083 1,099 1,129 1,119 1,091 1,107 Concessional 822 828 794 803 822 806 788 796 Private creditors 37 37 33 34 36 37 35 37 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 Commercial banks and other 0 0 0 0 0 0 0 0 Memo: IBRD 0 0 0 0 0 0 0 0 IDA 419 432 396 405 431 444 422 435 Public sector LDOD 1,926 1,961 1,825 1,860 1,936 1,949 1,882 1,923 Private sector LDOD 0 0 0 0 0 0 0 0 DISBURSEMENTS 46 0 0 0 0 0 0 0 Public and publicly guaranteed 46 0 0 0 0 0 0 0 Official creditors 46 0 0 0 0 0 0 0 Multilateral 46 0 0 0 0 0 0 0 Concessional 46 0 0 0 0 0 0 0 Bilateral 0 0 0 0 0 0 0 0 Concessional 0 0 0 0 0 0 0 0 Private creditors 0 0 0 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 Commercial banks and other 0 0 0 0 0 0 0 0 Memo: IBRD 0 0 0 0 0 0 0 0 IDA 35 0 0 0 0 0 0 0 PRINCIPAL REPAYMENTS 3 0 0 0 0 0 0 0 Public and publicly guaranteed 3 0 0 0 0 0 0 0 Official creditors 3 0 0 0 0 0 0 0 Multilateral 3 0 0 0 0 0 0 0 Concessional 2 0 0 0 0 0 0 0 Bilateral 0 0 0 0 0 0 0 0 Concessional 0 0 0 0 0 0 0 0 Private creditors 0 0 0 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 Commercial banks and other 0 0 0 0 0 0 0 0 Memo: IBRD 0 0 0 0 0 0 0 0 IDA 2 0 0 0 0 0 0 0 INTEREST PAYMENTS (LINT) 4 0 0 0 0 0 0 0 Public and publicly guaranteed 4 0 0 0 0 0 0 0 Official creditors 4 0 0 0 0 0 0 0 Multilateral 4 0 0 0 0 0 0 0 Concessional 4 0 0 0 0 0 0 0 Bilateral 0 0 0 0 0 0 0 0 Concessional 0 0 0 0 0 0 0 0 Private creditors 0 0 0 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 Commercial banks and other 0 0 0 0 0 0 0 0 Memo: IBRD 0 0 0 0 0 0 0 0 IDA 3 0 0 0 0 0 0 0 352 SOMALIA (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 6. CURRENCY COMPOSITION OF PUBLIC AND PUBLICLY GUARANTEED DEBT (PERCENT) Euro .. .. .. 5.0 5.8 6.2 5.6 6.1 Japanese yen 2.4 3.1 3.0 2.8 3.0 3.1 2.8 2.7 Pound sterling 0.2 0.1 0.1 0.1 0.1 0.2 0.1 0.2 Swiss franc 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 U.S.dollars 50.5 50.2 52.0 51.5 50.8 51.2 51.8 51.4 7. DEBT RESTRUCTURINGS Total amount rescheduled 0 0 0 0 0 0 0 0 Debt stock rescheduled 0 0 0 0 0 0 0 0 Principal rescheduled 0 0 0 0 0 0 0 0 Official 0 0 0 0 0 0 0 0 Private 0 0 0 0 0 0 0 0 Interest rescheduled 0 0 0 0 0 0 0 0 Official 0 0 0 0 0 0 0 0 Private 0 0 0 0 0 0 0 0 Debt forgiven 0 0 0 0 0 0 0 0 Memo: interest forgiven 0 0 0 0 0 0 0 0 Debt stock reduction 0 0 0 0 0 0 0 0 of which debt buyback 0 0 0 0 0 0 0 0 8. DEBT STOCK-FLOW RECONCILIATION Total change in debt stocks 211 62 -44 126 149 11 -98 85 Net flows on debt 58 0 -7 9 0 -33 0 0 Cross-currency valuation 30 -14 -36 59 62 8 -59 37 9. AVERAGE TERMS OF NEW COMMITMENTS ALL CREDITORS Interest (%) 0.8 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Maturity (years) 46.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Grace period (years) 10.3 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Grant element (%) 81.9 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Official creditors Interest (%) 0.8 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Maturity (years) 46.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Grace period (years) 10.3 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Grant element (%) 81.9 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private creditors Interest (%) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Maturity (years) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Grace period (years) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Grant element (%) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 10. CONTRACTUAL OBLIGATIONS ON OUTSTANDING LONG-TERM DEBT 2007 2008 2009 2010 2011 2012 2013 2014 TOTAL Principal 32 32 32 32 32 30 29 31 Interest 8 7 7 6 6 5 5 4 Official creditors Principal 32 32 32 32 32 30 29 31 Interest 8 7 7 6 6 5 5 4 Bilateral creditors Principal 13 13 13 13 12 10 9 7 Interest 4 4 3 3 2 2 2 1 Multilateral creditors Principal 19 19 19 20 20 20 20 23 Interest 4 4 4 4 3 3 3 3 Private creditors Principal 0 0 0 0 0 0 0 0 Interest 0 0 0 0 0 0 0 0 Notes: Data on long-term public and publicly guaranteed debt for 2006 are estimates based on the original terms of the loans. Short-term debt data are World Bank staff estimates. 353 SOUTH AFRICA (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 1. SUMMARY DEBT DATA TOTAL DEBT STOCKS (EDT) .. 25,358 24,861 25,099 27,423 27,112 31,099 35,549 Long-term debt (LDOD) .. 14,772 15,308 17,699 20,064 19,203 21,389 20,289 Public and publicly guaranteed .. 9,837 9,088 12,427 14,120 13,793 15,662 13,940 Private nonguaranteed .. 4,935 6,220 5,272 5,944 5,410 5,727 6,349 Use of IMF credit 0 913 0 0 0 0 0 0 Short-term debt .. 9,673 9,553 7,400 7,359 7,909 9,710 15,260 of which interest arrears on LDOD .. 0 0 0 0 0 0 0 Official creditors .. 0 0 0 0 0 0 0 Private creditors .. 0 0 0 0 0 0 0 Memorandum items Principal arrears on LDOD .. 0 0 0 0 0 0 0 Official creditors .. 0 0 0 0 0 0 0 Private creditors .. 0 0 0 0 0 0 0 TOTAL DEBT FLOWS Disbursements .. 3,549 3,611 3,651 3,027 3,235 5,670 4,877 Long-term debt .. 3,549 3,611 3,651 3,027 3,235 5,670 4,877 IMF purchases 0 0 0 0 0 0 0 0 Principal repayments .. 2,070 2,609 3,766 1,969 1,531 2,034 3,831 Long-term debt .. 2,070 2,609 3,766 1,969 1,531 2,034 3,831 IMF repurchases 0 0 0 0 0 0 0 0 Net flows on debt .. 3,412 1,274 -1,070 1,016 2,254 5,437 6,597 of which short-term debt .. 1,934 272 -955 -41 550 1,801 5,550 Interest payments (INT) .. 1,320 1,252 1,017 899 906 1,199 1,641 Long-term debt .. 855 743 781 678 656 847 1,185 IMF charges 0 50 0 0 0 0 0 0 Short-term debt .. 415 509 236 221 250 352 456 Net transfers on debt .. 2,092 22 -2,087 117 1,348 4,238 4,955 Total debt service paid (TDS) .. 3,391 3,861 4,783 2,868 2,437 3,233 5,472 Long-term debt .. 2,925 3,352 4,547 2,648 2,187 2,881 5,016 IMF repurchases and charges 0 50 0 0 0 0 0 0 Short-term debt (interest only) .. 415 509 236 221 250 352 456 2. OTHER NET RESOURCE FLOWS (LONG-TERM) Net flow of long-term debt (ex. IMF) .. 1,478 1,002 -115 1,057 1,704 3,636 1,047 Foreign direct investment (net) .. 1,248 969 735 783 701 6,522 -120 Portfolio equity flows .. 2,914 4,169 -388 685 6,661 7,230 14,959 Grants (excluding technical coop.) .. 156 219 284 323 364 396 339 of which: Debt forgiveness grants .. .. 0 0 0 0 0 0 IDA grants .. .. .. 0 0 0 0 0 Memo: technical coop. grants .. 214 224 220 265 239 250 282 Interest on long-term debt .. 855 743 781 678 656 847 1,185 Profit remittances on FDI .. 535 2,329 2,025 3,220 3,256 4,320 4,842 3. MAJOR ECONOMIC AGGREGATES Gross national income (GNI) .. 148,238 129,704 108,085 162,044 212,132 237,117 249,872 Exports of goods, serv. & inc. (XGS) .. 35,538 39,507 38,936 49,855 61,177 71,082 81,799 Worker remit. & comp. of employees .. 105 344 288 435 523 658 734 Imports of goods & services (MGS) .. 37,386 38,771 37,495 50,762 66,423 78,003 95,470 International reserves (RES) .. 4,464 7,702 7,817 8,154 14,886 20,624 25,593 Current account balance .. -2,493 -191 884 -1,902 -7,003 -9,723 -16,487 4. DEBT INDICATORS EDT / XGS (%) .. 71.4 62.9 64.5 55.0 44.3 43.8 43.5 EDT / GNI (%) .. 17.1 19.2 23.2 16.9 12.8 13.1 14.2 TDS / XGS (%) .. 9.5 9.8 12.3 5.8 4.0 4.5 6.7 INT / XGS (%) .. 3.7 3.2 2.6 1.8 1.5 1.7 2.0 INT / GNI (%) .. 0.9 1.0 0.9 0.6 0.4 0.5 0.7 RES / EDT (%) .. 17.6 31.0 31.1 29.7 54.9 66.3 72.0 RES / MGS (months) .. 1.4 2.4 2.5 1.9 2.7 3.2 3.2 Short-term / EDT (%) .. 38.1 38.4 29.5 26.8 29.2 31.2 42.9 Concessional / EDT (%) .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Multilateral / EDT (%) .. 0.0 0.6 0.5 0.8 1.0 1.0 1.0 354 SOUTH AFRICA (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 5. LONG-TERM DEBT DEBT OUTSTANDING (LDOD) .. 14,772 15,308 17,699 20,064 19,203 21,389 20,289 Public and publicly guaranteed .. 9,837 9,088 12,427 14,120 13,793 15,662 13,940 Official creditors .. 0 145 129 212 263 314 342 Multilateral .. 0 145 129 212 263 314 342 Concessional .. 0 0 0 0 0 0 0 Bilateral .. 0 0 0 0 0 0 0 Concessional .. 0 0 0 0 0 0 0 Private creditors .. 9,837 8,943 12,298 13,909 13,530 15,347 13,598 of which: Bonds .. 2,454 4,749 6,903 7,187 7,360 7,132 6,791 Commercial banks .. 3,978 1,973 3,813 5,487 5,081 7,271 6,009 Private nonguaranteed .. 4,935 6,220 5,272 5,944 5,410 5,727 6,349 Bonds .. 350 1,110 631 548 0 1,307 1,484 Commercial banks and other .. 4,585 5,110 4,641 5,396 5,410 4,420 4,865 Memo: IBRD 0 0 3 12 16 23 31 29 IDA 0 0 0 0 0 0 0 0 Public sector LDOD .. 9,837 8,054 11,623 13,638 13,633 15,662 13,940 Private sector LDOD .. 4,935 7,254 6,076 6,427 5,571 5,727 6,349 DISBURSEMENTS .. 3,549 3,611 3,651 3,027 3,235 5,670 4,877 Public and publicly guaranteed .. 3,199 1,597 2,479 1,490 1,969 2,707 2,075 Official creditors .. 0 91 7 76 49 87 49 Multilateral .. 0 91 7 76 49 87 49 Concessional .. 0 0 0 0 0 0 0 Bilateral .. 0 0 0 0 0 0 0 Concessional .. 0 0 0 0 0 0 0 Private creditors .. 3,199 1,506 2,472 1,414 1,920 2,620 2,026 of which: Bonds .. 391 765 2,472 1,414 1,000 0 1,876 Commercial banks .. 830 420 0 0 920 2,620 150 Private nonguaranteed .. 350 2,014 1,172 1,537 1,266 2,963 2,802 Bonds .. 350 712 0 0 0 1,307 0 Commercial banks and other .. 0 1,302 1,172 1,537 1,266 1,656 2,802 Memo: IBRD 0 0 3 5 3 7 9 0 IDA 0 0 0 0 0 0 0 0 PRINCIPAL REPAYMENTS .. 2,070 2,609 3,766 1,969 1,531 2,034 3,831 Public and publicly guaranteed .. 1,168 1,627 1,068 1,459 853 1,780 1,729 Official creditors .. 0 0 3 7 12 27 26 Multilateral .. 0 0 3 7 12 27 26 Concessional .. 0 0 0 0 0 0 0 Bilateral .. 0 0 0 0 0 0 0 Concessional .. 0 0 0 0 0 0 0 Private creditors .. 1,168 1,627 1,066 1,452 841 1,753 1,703 of which: Bonds .. 10 284 489 778 370 0 300 Commercial banks .. 719 949 26 326 326 1,608 1,257 Private nonguaranteed .. 902 982 2,698 510 678 254 2,102 Bonds .. 0 0 0 0 0 0 0 Commercial banks and other .. 902 982 2,698 510 678 254 2,102 Memo: IBRD 0 0 0 0 0 0 1 2 IDA 0 0 0 0 0 0 0 0 INTEREST PAYMENTS (LINT) .. 855 743 781 678 656 847 1,185 Public and publicly guaranteed .. 597 546 627 606 582 635 888 Official creditors .. 0 1 3 7 10 12 17 Multilateral .. 0 1 3 7 10 12 17 Concessional .. 0 0 0 0 0 0 0 Bilateral .. 0 0 0 0 0 0 0 Concessional .. 0 0 0 0 0 0 0 Private creditors .. 597 545 624 598 572 623 871 of which: Bonds .. 188 275 372 499 494 347 409 Commercial banks .. 245 130 133 13 7 212 408 Private nonguaranteed .. 258 196 154 73 74 212 297 Bonds .. 0 27 46 9 8 61 89 Commercial banks and other .. 258 169 108 64 66 150 208 Memo: IBRD 0 0 0 0 1 1 1 1 IDA 0 0 0 0 0 0 0 0 355 SOUTH AFRICA (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 6. CURRENCY COMPOSITION OF PUBLIC AND PUBLICLY GUARANTEED DEBT (PERCENT) Euro .. .. .. 2.2 11.2 12.3 13.3 30.8 Japanese yen .. 3.0 3.8 2.7 2.6 0.0 0.0 0.0 Pound sterling .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Swiss franc .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 U.S.dollars .. 90.6 92.0 94.2 84.8 85.9 84.9 66.9 7. DEBT RESTRUCTURINGS Total amount rescheduled .. 0 0 0 0 0 0 0 Debt stock rescheduled .. 0 0 0 0 0 0 0 Principal rescheduled .. 0 0 0 0 0 0 0 Official .. 0 0 0 0 0 0 0 Private .. 0 0 0 0 0 0 0 Interest rescheduled .. 0 0 0 0 0 0 0 Official .. 0 0 0 0 0 0 0 Private .. 0 0 0 0 0 0 0 Debt forgiven .. 0 0 0 0 0 0 0 Memo: interest forgiven .. 0 0 0 0 0 0 0 Debt stock reduction .. 0 0 0 0 0 0 0 of which debt buyback .. 0 0 0 0 0 0 0 8. DEBT STOCK-FLOW RECONCILIATION Total change in debt stocks .. 3,687 954 1,049 2,324 -311 3,986 4,450 Net flows on debt .. 3,412 1,274 -1,070 1,016 2,254 5,437 6,597 Cross-currency valuation .. 63 -70 77 95 135 -228 243 9. AVERAGE TERMS OF NEW COMMITMENTS ALL CREDITORS Interest (%) .. 5.4 6.1 6.8 5.3 4.2 3.9 6.5 Maturity (years) .. 14.3 9.9 10.7 10.0 7.3 3.3 8.9 Grace period (years) .. 1.8 2.4 7.2 10.0 4.7 2.9 8.9 Grant element (%) .. 21.3 16.2 17.4 28.4 19.4 15.3 19.8 Official creditors Interest (%) .. 0.0 5.9 1.7 0.0 5.5 0.0 0.0 Maturity (years) .. 0.0 12.3 9.8 0.0 11.8 0.0 0.0 Grace period (years) .. 0.0 4.0 2.9 0.0 3.4 0.0 0.0 Grant element (%) .. 0.0 20.2 36.3 0.0 24.3 0.0 0.0 Private creditors Interest (%) .. 5.4 6.1 6.9 5.3 4.1 3.9 6.5 Maturity (years) .. 14.3 9.8 10.7 10.0 6.9 3.3 8.9 Grace period (years) .. 1.8 2.3 7.3 10.0 4.9 2.9 8.9 Grant element (%) .. 21.3 16.0 17.2 28.4 19.0 15.3 19.8 10. CONTRACTUAL OBLIGATIONS ON OUTSTANDING LONG-TERM DEBT 2007 2008 2009 2010 2011 2012 2013 2014 TOTAL Principal 3,010 5,054 3,037 1,593 213 1,139 2,484 1,053 Interest 1,193 1,069 914 573 492 413 331 226 Official creditors Principal 32 33 43 43 41 40 29 26 Interest 20 18 16 14 11 9 6 4 Bilateral creditors Principal 0 0 0 0 0 0 0 0 Interest 0 0 0 0 0 0 0 0 Multilateral creditors Principal 32 33 43 43 41 40 29 26 Interest 20 18 16 14 11 9 6 4 Private creditors Principal 2,979 5,020 2,994 1,550 172 1,099 2,454 1,027 Interest 1,173 1,051 898 559 481 405 325 222 Notes: Data on long-term public and publicly guaranteed and short-term debt for 2006 are based on aggregate information provided by the authorities and World Bank staff estimates. 356 SRI LANKA (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 1. SUMMARY DEBT DATA TOTAL DEBT STOCKS (EDT) 5,863 8,395 9,157 9,740 10,441 11,085 11,271 11,446 Long-term debt (LDOD) 5,049 7,264 8,312 8,729 9,427 10,143 9,898 10,346 Public and publicly guaranteed 4,947 7,175 7,944 8,400 9,159 9,847 9,655 10,140 Private nonguaranteed 102 90 368 329 268 296 243 206 Use of IMF credit 410 595 161 310 393 294 381 244 Short-term debt 405 535 685 701 621 648 992 855 of which interest arrears on LDOD 11 35 112 99 0 0 0 0 Official creditors 0 0 14 10 0 0 0 0 Private creditors 11 35 98 90 0 0 0 0 Memorandum items Principal arrears on LDOD 0 42 216 202 0 0 0 0 Official creditors 0 3 28 23 0 0 0 0 Private creditors 0 39 188 179 0 0 0 0 TOTAL DEBT FLOWS Disbursements 545 671 735 761 1,001 795 976 747 Long-term debt 485 671 735 635 918 795 824 747 IMF purchases 61 0 0 125 83 0 153 0 Principal repayments 214 280 541 501 420 552 302 698 Long-term debt 167 246 455 450 388 441 264 544 IMF repurchases 47 34 86 51 31 112 38 154 Net flows on debt 331 385 -24 328 600 269 1,018 -88 of which short-term debt 0 -6 -218 68 19 27 344 -137 Interest payments (INT) 170 172 249 221 188 218 147 260 Long-term debt 122 145 214 205 175 191 99 201 IMF charges 21 3 1 5 5 8 11 13 Short-term debt 27 24 34 10 7 19 37 46 Net transfers on debt 161 213 -273 107 412 51 871 -348 Total debt service paid (TDS) 384 452 789 721 608 771 450 958 Long-term debt 289 391 669 655 564 632 364 745 IMF repurchases and charges 69 37 87 56 37 120 49 166 Short-term debt (interest only) 27 24 34 10 7 19 37 46 2. OTHER NET RESOURCE FLOWS (LONG-TERM) Net flow of long-term debt (ex. IMF) 318 425 280 186 530 354 559 202 Foreign direct investment (net) 43 56 173 197 229 233 272 480 Portfolio equity flows 0 0 0 -53 -143 -100 -216 -304 Grants (excluding technical coop.) 221 175 109 121 141 193 662 391 of which: Debt forgiveness grants .. .. 0 5 6 0 0 0 IDA grants .. .. .. 0 2 2 41 56 Memo: technical coop. grants 104 115 78 73 97 76 97 117 Interest on long-term debt 122 145 214 205 175 191 99 201 Profit remittances on FDI 25 72 109 98 92 95 115 362 3. MAJOR ECONOMIC AGGREGATES Gross national income (GNI) 7,974 12,860 16,016 16,306 18,046 19,920 23,423 26,851 Exports of goods, serv. & inc. (XGS) 2,786 5,630 7,670 7,330 8,128 9,004 9,931 11,145 Worker remit. & comp. of employees 401 809 1,166 1,309 1,438 1,590 1,991 2,349 Imports of goods & services (MGS) 3,224 6,342 8,554 7,407 8,025 9,468 10,441 12,321 International reserves (RES) 447 2,112 1,131 1,705 2,334 2,205 2,736 2,943 Current account balance -298 -770 -1,044 -236 -71 -648 -650 -1,334 4. DEBT INDICATORS EDT / XGS (%) 210.4 149.1 119.4 132.9 128.5 123.1 113.5 102.7 EDT / GNI (%) 73.5 65.3 57.2 59.7 57.9 55.6 48.1 42.6 TDS / XGS (%) 13.8 8.0 10.3 9.8 7.5 8.6 4.5 8.6 INT / XGS (%) 6.1 3.1 3.2 3.0 2.3 2.4 1.5 2.3 INT / GNI (%) 2.1 1.3 1.6 1.4 1.0 1.1 0.6 1.0 RES / EDT (%) 7.6 25.2 12.4 17.5 22.4 19.9 24.3 25.7 RES / MGS (months) 1.7 4.0 1.6 2.8 3.5 2.8 3.1 2.9 Short-term / EDT (%) 6.9 6.4 7.5 7.2 5.9 5.8 8.8 7.5 Concessional / EDT (%) 71.9 75.8 74.2 74.8 79.3 80.1 74.3 77.6 Multilateral / EDT (%) 27.7 34.0 37.3 38.5 41.0 42.0 40.4 42.9 357 SRI LANKA (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 5. LONG-TERM DEBT DEBT OUTSTANDING (LDOD) 5,049 7,264 8,312 8,729 9,427 10,143 9,898 10,346 Public and publicly guaranteed 4,947 7,175 7,944 8,400 9,159 9,847 9,655 10,140 Official creditors 4,349 6,493 6,934 7,502 8,547 9,205 8,981 9,496 Multilateral 1,623 2,858 3,412 3,754 4,281 4,656 4,554 4,914 Concessional 1,536 2,806 3,396 3,709 4,200 4,533 4,350 4,665 Bilateral 2,726 3,635 3,522 3,748 4,266 4,549 4,426 4,583 Concessional 2,681 3,554 3,394 3,579 4,085 4,352 4,022 4,212 Private creditors 598 681 1,010 898 612 642 675 644 of which: Bonds 0 0 65 65 65 65 65 65 Commercial banks 259 324 371 348 316 341 400 362 Private nonguaranteed 102 90 368 329 268 296 243 206 Bonds 0 0 0 0 0 100 100 100 Commercial banks and other 102 90 368 329 268 196 143 106 Memo: IBRD 82 49 13 4 3 1 0 0 IDA 864 1,463 1,610 1,734 2,051 2,167 2,095 2,245 Public sector LDOD 4,854 7,055 7,836 8,291 9,153 9,829 9,636 10,126 Private sector LDOD 194 210 476 438 274 315 262 220 DISBURSEMENTS 485 671 735 635 918 795 824 747 Public and publicly guaranteed 485 671 565 587 918 695 824 747 Official creditors 396 469 348 476 769 607 666 681 Multilateral 234 197 123 234 431 257 347 299 Concessional 233 197 123 197 392 214 289 254 Bilateral 162 272 225 242 338 350 318 383 Concessional 162 262 207 214 307 329 316 366 Private creditors 89 201 218 111 149 88 158 66 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 59 92 44 89 101 43 130 25 Private nonguaranteed 0 0 169 48 0 100 0 0 Bonds 0 0 0 0 0 100 0 0 Commercial banks and other 0 0 169 48 0 0 0 0 Memo: IBRD 1 0 0 0 0 0 0 0 IDA 127 106 47 91 202 68 113 100 PRINCIPAL REPAYMENTS 167 246 455 450 388 441 264 544 Public and publicly guaranteed 165 244 441 363 328 368 211 507 Official creditors 88 148 216 244 260 296 117 395 Multilateral 21 26 50 67 73 80 84 100 Concessional 13 19 45 63 71 78 80 94 Bilateral 68 122 167 177 188 216 33 296 Concessional 64 116 150 160 174 203 26 237 Private creditors 76 96 224 119 68 72 94 112 of which: Bonds 0 0 50 0 0 0 0 0 Commercial banks 29 54 96 53 26 26 60 73 Private nonguaranteed 2 2 14 87 60 72 53 37 Bonds 0 0 0 0 0 0 0 0 Commercial banks and other 2 2 14 87 60 72 53 37 Memo: IBRD 7 7 5 4 2 2 1 0 IDA 3 8 18 32 36 38 40 43 INTEREST PAYMENTS (LINT) 122 145 214 205 175 191 99 201 Public and publicly guaranteed 120 144 179 162 155 171 84 188 Official creditors 77 112 125 122 130 146 65 157 Multilateral 19 29 32 31 34 40 46 58 Concessional 11 24 30 30 32 38 39 46 Bilateral 58 84 93 91 96 106 19 99 Concessional 55 81 86 83 89 98 17 89 Private creditors 43 32 54 41 25 25 19 31 of which: Bonds 0 0 6 2 2 2 4 5 Commercial banks 16 19 29 18 12 13 11 21 Private nonguaranteed 2 1 35 43 20 20 15 13 Bonds 0 0 0 0 0 7 7 7 Commercial banks and other 2 1 35 43 20 13 8 6 Memo: IBRD 8 5 1 1 0 0 0 0 IDA 5 11 12 12 13 16 17 17 358 SRI LANKA (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 6. CURRENCY COMPOSITION OF PUBLIC AND PUBLICLY GUARANTEED DEBT (PERCENT) Euro .. .. .. 6.8 7.4 8.1 7.9 8.9 Japanese yen 22.7 28.6 29.8 29.6 30.2 30.5 30.3 29.4 Pound sterling 3.2 1.8 0.5 0.3 0.2 0.2 0.1 0.1 Swiss franc 0.9 0.4 0.2 0.2 0.0 0.0 0.0 0.0 U.S.dollars 36.2 35.9 38.9 39.4 40.0 39.6 41.0 40.7 7. DEBT RESTRUCTURINGS Total amount rescheduled 0 0 0 0 0 0 265 0 Debt stock rescheduled 0 0 0 0 0 0 0 0 Principal rescheduled 0 0 0 0 0 0 210 0 Official 0 0 0 0 0 0 210 0 Private 0 0 0 0 0 0 0 0 Interest rescheduled 0 0 0 0 0 0 4 0 Official 0 0 0 0 0 0 4 0 Private 0 0 0 0 0 0 0 0 Debt forgiven 0 7 9 0 4 0 2 0 Memo: interest forgiven 0 0 0 0 0 0 0 0 Debt stock reduction 0 0 0 0 0 0 0 0 of which debt buyback 0 0 0 0 0 0 0 0 8. DEBT STOCK-FLOW RECONCILIATION Total change in debt stocks 682 435 -658 1,009 702 644 186 174 Net flows on debt 331 385 -24 328 600 269 1,018 -88 Cross-currency valuation 296 -42 -579 630 834 360 -874 245 9. AVERAGE TERMS OF NEW COMMITMENTS ALL CREDITORS Interest (%) 1.8 3.6 4.3 1.9 1.8 1.5 1.9 3.3 Maturity (years) 34.8 25.5 22.5 28.1 27.5 29.7 24.4 22.0 Grace period (years) 9.5 6.8 5.3 7.6 7.9 7.5 6.6 6.5 Grant element (%) 69.3 47.9 39.9 61.0 61.1 64.8 56.1 47.2 Official creditors Interest (%) 1.4 3.3 2.4 1.9 1.6 1.5 1.6 3.0 Maturity (years) 36.4 29.7 32.0 29.0 31.8 31.8 28.1 24.5 Grace period (years) 10.1 8.3 8.5 7.8 9.1 7.9 7.3 7.0 Grant element (%) 73.4 55.4 60.9 62.2 68.6 67.3 64.0 51.7 Private creditors Interest (%) 8.0 4.8 6.6 2.1 2.7 1.9 4.3 4.8 Maturity (years) 9.9 11.2 10.4 13.0 9.1 13.1 2.3 7.5 Grace period (years) 1.6 1.9 1.3 3.5 3.2 4.3 2.3 3.3 Grant element (%) 8.1 22.9 13.2 41.4 29.1 44.4 8.2 21.3 10. CONTRACTUAL OBLIGATIONS ON OUTSTANDING LONG-TERM DEBT 2007 2008 2009 2010 2011 2012 2013 2014 TOTAL Principal 590 758 780 532 576 601 601 598 Interest 240 246 234 217 211 200 188 174 Official creditors Principal 456 487 512 473 516 549 558 559 Interest 190 200 202 201 197 189 179 166 Bilateral creditors Principal 342 336 341 291 293 306 309 299 Interest 122 122 120 116 111 104 97 90 Multilateral creditors Principal 114 150 171 181 223 243 249 260 Interest 68 78 83 86 87 84 81 77 Private creditors Principal 134 271 268 60 60 53 43 40 Interest 50 46 32 16 14 11 9 8 Notes: Rescheduling: Data include the effects of Paris Club debt restructuring agreement signed in 2005. Private non-guaranteed debt data are World Bank staff estimates. 359 ST. KITTS AND NEVIS (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 1. SUMMARY DEBT DATA TOTAL DEBT STOCKS (EDT) 45.2 56.8 156.6 263.9 316.7 316.4 295.0 293.1 Long-term debt (LDOD) 44.2 54.2 152.7 260.9 314.9 313.5 293.2 290.7 Public and publicly guaranteed 44.2 54.2 152.7 260.9 314.9 313.5 293.2 290.7 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Use of IMF credit 0.0 0.0 2.1 1.1 0.0 0.0 0.0 0.0 Short-term debt 1.0 2.7 1.8 1.9 1.8 2.9 1.8 2.4 of which interest arrears on LDOD 0.0 1.2 0.2 0.5 0.3 1.4 0.2 0.9 Official creditors 0.0 1.2 0.2 0.5 0.0 0.3 0.2 0.2 Private creditors 0.0 0.0 0.0 0.0 0.3 1.0 0.0 0.7 Memorandum items Principal arrears on LDOD 0.0 0.7 0.0 0.0 0.0 0.9 0.6 0.6 Official creditors 0.0 0.3 0.0 0.0 0.0 0.9 0.6 0.1 Private creditors 0.0 0.4 0.0 0.0 0.0 0.0 0.0 0.5 TOTAL DEBT FLOWS Disbursements 7.3 5.6 32.1 59.7 66.5 12.2 7.4 23.8 Long-term debt 7.3 5.6 32.1 59.7 66.5 12.2 7.4 23.8 IMF purchases 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal repayments 1.5 4.8 12.8 21.4 23.5 24.3 27.3 27.3 Long-term debt 1.5 4.8 12.8 20.4 22.4 24.3 27.3 27.3 IMF repurchases 0.0 0.0 0.0 1.1 1.1 0.0 0.0 0.0 Net flows on debt 5.8 0.3 18.9 38.8 43.0 -12.1 -19.9 -3.4 of which short-term debt 0.0 -0.6 -0.4 0.4 0.0 0.0 0.0 0.0 Interest payments (INT) 1.5 2.0 7.3 17.9 21.0 22.5 20.5 19.3 Long-term debt 1.4 1.9 7.1 17.8 20.9 22.5 20.5 19.3 IMF charges 0.0 0.0 0.1 0.1 0.0 0.0 0.0 0.0 Short-term debt 0.1 0.1 0.1 0.0 0.0 0.0 0.0 0.0 Net transfers on debt 4.3 -1.7 11.6 20.9 22.0 -34.6 -40.4 -22.7 Total debt service paid (TDS) 3.0 6.8 20.1 39.3 44.5 46.8 47.8 46.6 Long-term debt 2.9 6.6 19.9 38.2 43.3 46.7 47.8 46.6 IMF repurchases and charges 0.0 0.0 0.1 1.1 1.2 0.0 0.0 0.0 Short-term debt (interest only) 0.1 0.1 0.1 0.0 0.0 0.0 0.0 0.0 2. OTHER NET RESOURCE FLOWS (LONG-TERM) Net flow of long-term debt (ex. IMF) 5.8 0.9 19.3 39.4 44.1 -12.1 -19.9 -3.4 Foreign direct investment (net) 48.8 20.5 96.2 79.8 75.6 46.1 85.5 202.6 Portfolio equity flows 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Grants (excluding technical coop.) 2.0 0.8 1.8 8.0 0.2 0.3 2.4 4.8 of which: Debt forgiveness grants .. .. 0.0 0.0 0.0 0.0 0.0 0.0 IDA grants .. .. .. 0.0 0.0 0.0 0.0 0.0 Memo: technical coop. grants 2.2 2.3 0.6 0.6 0.1 0.5 0.7 0.3 Interest on long-term debt 1.4 1.9 7.1 17.8 20.9 22.5 20.5 19.3 Profit remittances on FDI 5.0 14.4 21.2 22.6 23.0 19.5 20.3 0.0 3. MAJOR ECONOMIC AGGREGATES Gross national income (GNI) 154.5 219.8 299.1 312.9 318.3 356.4 387.8 .. Exports of goods, serv. & inc. (XGS) 102.8 125.3 155.5 158.8 170.9 200.2 221.7 .. Worker remit. & comp. of employees 19.0 2.0 4.0 3.0 3.0 3.0 3.7 3.7 Imports of goods & services (MGS) 140.1 189.9 284.4 299.8 305.2 304.7 322.1 .. International reserves (RES) 16.3 33.5 45.2 65.8 64.8 78.5 71.6 88.7 Current account balance -47.0 -45.5 -66.2 -124.6 -115.8 -86.4 -79.9 .. 4. DEBT INDICATORS EDT / XGS (%) 44.0 45.4 100.7 166.2 185.4 158.1 133.1 .. EDT / GNI (%) 29.3 25.9 52.4 84.3 99.5 88.8 76.1 .. TDS / XGS (%) 2.9 5.4 12.9 24.7 26.1 23.4 21.6 .. INT / XGS (%) 1.5 1.6 4.7 11.3 12.3 11.2 9.3 .. INT / GNI (%) 1.0 0.9 2.4 5.7 6.6 6.3 5.3 .. RES / EDT (%) 36.0 58.9 28.9 24.9 20.5 24.8 24.3 30.3 RES / MGS (months) 1.4 2.1 1.9 2.6 2.5 3.1 2.7 .. Short-term / EDT (%) 2.3 4.7 1.1 0.7 0.6 0.9 0.6 0.8 Concessional / EDT (%) 76.7 73.1 59.1 43.6 36.6 36.6 38.8 39.2 Multilateral / EDT (%) 44.2 52.1 34.4 31.5 29.1 30.9 33.8 36.7 360 ST. KITTS AND NEVIS (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 5. LONG-TERM DEBT DEBT OUTSTANDING (LDOD) 44.2 54.2 152.7 260.9 314.9 313.5 293.2 290.7 Public and publicly guaranteed 44.2 54.2 152.7 260.9 314.9 313.5 293.2 290.7 Official creditors 41.4 48.6 102.7 134.7 166.4 164.2 157.6 156.9 Multilateral 20.0 29.6 53.8 83.1 92.1 97.8 99.6 107.5 Concessional 15.1 23.7 43.9 68.5 73.3 77.9 81.4 86.9 Bilateral 21.5 19.0 48.9 51.6 74.3 66.5 58.0 49.4 Concessional 19.5 17.8 48.7 46.4 42.6 38.0 33.1 28.0 Private creditors 2.7 5.6 50.0 126.1 148.5 149.2 135.6 133.8 of which: Bonds 0.0 0.0 0.0 0.0 19.1 19.1 19.1 19.1 Commercial banks 0.0 0.0 42.8 121.4 126.0 128.3 115.9 114.8 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks and other 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 1.1 4.5 8.7 11.9 13.2 13.0 13.2 IDA 0.0 1.6 1.4 1.4 1.5 1.6 1.4 1.4 Public sector LDOD 40.7 52.9 152.7 260.9 314.9 313.5 293.2 290.7 Private sector LDOD 3.4 1.3 0.0 0.0 0.0 0.0 0.0 0.0 DISBURSEMENTS 7.3 5.6 32.1 59.7 66.5 12.2 7.4 23.8 Public and publicly guaranteed 7.3 5.6 32.1 59.7 66.5 12.2 7.4 23.8 Official creditors 7.3 5.0 7.9 24.6 39.9 9.4 7.4 12.1 Multilateral 2.4 3.8 7.2 22.1 9.7 9.0 7.4 12.1 Concessional 2.3 3.5 5.5 19.9 5.6 6.9 6.6 8.3 Bilateral 4.9 1.3 0.7 2.6 30.2 0.5 0.0 0.0 Concessional 4.9 1.3 0.5 1.9 1.6 0.5 0.0 0.0 Private creditors 0.0 0.6 24.2 35.1 26.6 2.7 0.0 11.8 of which: Bonds 0.0 0.0 0.0 0.0 19.1 0.0 0.0 0.0 Commercial banks 0.0 0.0 24.2 34.5 7.5 2.7 0.0 11.8 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks and other 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 0.3 1.1 2.2 3.8 2.1 0.8 1.4 IDA 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 PRINCIPAL REPAYMENTS 1.5 4.8 12.8 20.4 22.4 24.3 27.3 27.3 Public and publicly guaranteed 1.5 4.8 12.8 20.4 22.4 24.3 27.3 27.3 Official creditors 1.1 3.3 4.8 6.7 10.4 12.3 13.0 13.8 Multilateral 0.7 1.5 2.1 2.0 2.9 4.0 4.4 5.0 Concessional 0.6 1.0 1.6 1.6 2.0 2.6 2.7 3.1 Bilateral 0.3 1.8 2.7 4.7 7.4 8.3 8.5 8.7 Concessional 0.2 1.4 2.6 4.2 5.4 5.1 5.0 5.2 Private creditors 0.4 1.5 8.0 13.7 12.0 11.9 14.3 13.5 of which: Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 4.6 11.8 10.2 10.5 13.0 12.9 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks and other 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 0.0 0.1 0.1 0.6 0.7 1.0 1.3 IDA 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 INTEREST PAYMENTS (LINT) 1.4 1.9 7.1 17.8 20.9 22.5 20.5 19.3 Public and publicly guaranteed 1.4 1.9 7.1 17.8 20.9 22.5 20.5 19.3 Official creditors 1.4 1.5 4.1 5.6 8.0 8.3 7.6 7.7 Multilateral 0.7 1.0 2.0 3.2 3.4 3.3 3.7 4.2 Concessional 0.5 0.7 1.5 2.4 2.6 2.5 2.6 3.2 Bilateral 0.7 0.5 2.2 2.4 4.6 5.0 3.9 3.6 Concessional 0.6 0.4 2.1 2.0 2.2 2.5 1.7 1.6 Private creditors 0.0 0.4 3.0 12.2 12.9 14.2 12.9 11.5 of which: Bonds 0.0 0.0 0.0 0.0 0.8 1.6 1.6 1.6 Commercial banks 0.0 0.0 2.3 11.8 11.8 12.4 11.1 9.9 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks and other 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 0.1 0.3 0.5 0.6 0.6 0.7 0.7 IDA 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 361 ST. KITTS AND NEVIS (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 6. CURRENCY COMPOSITION OF PUBLIC AND PUBLICLY GUARANTEED DEBT (PERCENT) Euro .. .. .. 1.7 1.8 1.8 1.4 2.3 Japanese yen 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Pound sterling 16.3 7.4 1.5 0.8 0.1 0.1 0.1 0.1 Swiss franc 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 U.S.dollars 37.8 51.4 79.5 82.2 83.5 84.1 84.4 84.5 7. DEBT RESTRUCTURINGS Total amount rescheduled 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Debt stock rescheduled 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal rescheduled 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Official 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Interest rescheduled 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Official 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Debt forgiven 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: interest forgiven 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Debt stock reduction 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 of which debt buyback 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 8. DEBT STOCK-FLOW RECONCILIATION Total change in debt stocks 8.6 -1.4 18.6 45.8 52.8 -0.3 -21.4 -1.8 Net flows on debt 5.8 0.3 18.9 38.8 43.0 -12.1 -19.9 -3.4 Cross-currency valuation 1.3 0.1 -0.8 1.7 1.6 1.5 -1.7 0.7 9. AVERAGE TERMS OF NEW COMMITMENTS ALL CREDITORS Interest (%) 4.0 3.7 5.9 5.3 7.0 1.5 1.9 5.4 Maturity (years) 31.7 19.1 13.0 12.8 12.2 20.6 19.9 19.3 Grace period (years) 7.5 5.2 2.7 4.4 5.9 4.9 2.2 3.4 Grant element (%) 41.5 41.2 19.3 25.4 17.0 56.6 48.6 28.0 Official creditors Interest (%) 4.5 3.7 4.8 2.3 6.1 1.5 1.9 0.0 Maturity (years) 38.0 19.1 16.5 17.6 12.5 20.6 19.9 0.0 Grace period (years) 9.0 5.2 4.5 4.4 1.9 4.9 2.2 0.0 Grant element (%) 46.1 41.2 31.0 47.0 20.9 56.6 48.6 0.0 Private creditors Interest (%) 2.0 0.0 7.0 7.3 8.3 0.0 0.0 5.4 Maturity (years) 5.8 0.0 9.7 9.7 11.7 0.0 0.0 19.3 Grace period (years) 1.3 0.0 1.1 4.4 11.7 0.0 0.0 3.4 Grant element (%) 22.5 0.0 8.3 11.1 11.2 0.0 0.0 28.0 10. CONTRACTUAL OBLIGATIONS ON OUTSTANDING LONG-TERM DEBT 2007 2008 2009 2010 2011 2012 2013 2014 TOTAL Principal 28.8 36.3 29.2 27.3 30.7 35.1 35.1 12.8 Interest 16.2 14.3 12.8 11.3 9.8 7.0 5.2 3.7 Official creditors Principal 15.7 17.0 17.1 17.9 17.7 16.7 12.6 9.6 Interest 6.6 6.3 5.8 5.2 4.4 3.7 3.0 2.5 Bilateral creditors Principal 7.7 8.1 8.1 8.1 8.1 7.1 3.2 0.9 Interest 2.8 2.5 2.1 1.7 1.2 0.8 0.4 0.3 Multilateral creditors Principal 8.0 8.8 8.9 9.8 9.6 9.6 9.5 8.8 Interest 3.8 3.8 3.7 3.5 3.2 2.9 2.6 2.3 Private creditors Principal 13.1 19.3 12.2 9.4 13.0 18.4 22.4 3.2 Interest 9.6 8.0 7.0 6.2 5.3 3.3 2.3 1.2 Notes: 362 ST. LUCIA (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 1. SUMMARY DEBT DATA TOTAL DEBT STOCKS (EDT) 79.2 128.3 235.3 299.7 343.1 365.7 424.9 373.5 Long-term debt (LDOD) 72.1 111.3 167.6 210.7 235.0 256.6 248.9 256.5 Public and publicly guaranteed 72.1 111.3 167.6 210.7 235.0 256.6 248.9 256.5 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Use of IMF credit 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Short-term debt 7.0 16.9 67.8 89.0 108.1 109.1 176.0 117.0 of which interest arrears on LDOD 0.8 0.0 0.0 0.0 0.1 0.1 0.0 0.0 Official creditors 0.8 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private creditors 0.0 0.0 0.0 0.0 0.1 0.1 0.0 0.0 Memorandum items Principal arrears on LDOD 0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Official creditors 0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private creditors 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 TOTAL DEBT FLOWS Disbursements 8.0 11.5 50.9 50.1 33.1 28.5 11.7 21.3 Long-term debt 8.0 11.5 50.9 50.1 33.1 28.5 11.7 21.3 IMF purchases 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal repayments 3.2 6.2 20.9 9.4 15.6 9.8 14.2 17.6 Long-term debt 3.2 6.2 20.9 9.4 15.6 9.8 14.2 17.6 IMF repurchases 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Net flows on debt 7.0 12.3 42.5 30.0 36.4 19.6 64.5 -55.2 of which short-term debt 2.2 6.9 12.5 -10.7 19.0 1.0 67.0 -59.0 Interest payments (INT) 3.1 5.7 10.3 12.0 15.6 15.0 18.7 16.9 Long-term debt 2.8 4.8 7.5 8.7 12.0 11.4 13.9 13.2 IMF charges 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Short-term debt 0.3 0.9 2.8 3.3 3.6 3.6 4.8 3.7 Net transfers on debt 3.8 6.6 32.2 18.0 20.9 4.7 45.9 -72.1 Total debt service paid (TDS) 6.3 11.9 31.2 21.4 31.2 24.8 32.9 34.5 Long-term debt 6.0 10.9 28.4 18.2 27.6 21.2 28.1 30.8 IMF repurchases and charges 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Short-term debt (interest only) 0.3 0.9 2.8 3.3 3.6 3.6 4.8 3.7 2. OTHER NET RESOURCE FLOWS (LONG-TERM) Net flow of long-term debt (ex. IMF) 4.8 5.4 30.0 40.7 17.4 18.6 -2.5 3.8 Foreign direct investment (net) 44.8 32.8 53.7 51.9 106.4 86.3 81.5 118.8 Portfolio equity flows 0.2 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Grants (excluding technical coop.) 3.1 42.8 10.3 15.4 11.6 2.7 4.9 4.2 of which: Debt forgiveness grants .. .. 0.0 0.0 0.0 0.0 0.0 0.3 IDA grants .. .. .. 0.0 0.0 0.0 0.3 1.4 Memo: technical coop. grants 3.5 4.7 4.4 4.5 3.3 2.1 2.5 4.1 Interest on long-term debt 2.8 4.8 7.5 8.7 12.0 11.4 13.9 13.2 Profit remittances on FDI 26.5 35.3 33.4 22.6 31.9 48.9 51.1 0.0 3. MAJOR ECONOMIC AGGREGATES Gross national income (GNI) 369.2 521.2 614.4 663.8 684.1 722.3 803.2 .. Exports of goods, serv. & inc. (XGS) 301.2 385.4 380.6 322.8 395.0 469.7 500.9 .. Worker remit. & comp. of employees 16.0 2.0 3.0 2.0 2.0 2.0 2.6 2.6 Imports of goods & services (MGS) 352.1 437.5 494.2 440.9 551.9 598.2 667.9 .. International reserves (RES) 44.6 63.1 78.8 93.9 106.9 132.5 116.4 134.5 Current account balance -57.0 -33.1 -94.8 -106.0 -144.0 -114.7 -154.0 .. 4. DEBT INDICATORS EDT / XGS (%) 26.3 33.3 61.8 92.8 86.9 77.9 84.8 .. EDT / GNI (%) 21.4 24.6 38.3 45.1 50.1 50.6 52.9 .. TDS / XGS (%) 2.1 3.1 8.2 6.6 7.9 5.3 6.6 .. INT / XGS (%) 1.0 1.5 2.7 3.7 3.9 3.2 3.7 .. INT / GNI (%) 0.9 1.1 1.7 1.8 2.3 2.1 2.3 .. RES / EDT (%) 56.3 49.2 33.5 31.3 31.2 36.2 27.4 36.0 RES / MGS (months) 1.5 1.7 1.9 2.6 2.3 2.7 2.1 .. Short-term / EDT (%) 8.9 13.2 28.8 29.7 31.5 29.8 41.4 31.3 Concessional / EDT (%) 41.6 57.6 32.9 28.5 27.3 27.3 23.5 31.2 Multilateral / EDT (%) 53.3 61.6 42.3 36.1 35.7 39.1 33.0 40.6 363 ST. LUCIA (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 5. LONG-TERM DEBT DEBT OUTSTANDING (LDOD) 72.1 111.3 167.6 210.7 235.0 256.6 248.9 256.5 Public and publicly guaranteed 72.1 111.3 167.6 210.7 235.0 256.6 248.9 256.5 Official creditors 69.5 111.3 120.7 126.5 141.8 163.8 160.8 174.5 Multilateral 42.2 79.0 99.5 108.1 122.5 143.1 140.4 151.5 Concessional 32.5 56.2 58.9 68.8 75.8 80.1 79.9 93.8 Bilateral 27.3 32.3 21.3 18.4 19.3 20.7 20.4 23.0 Concessional 0.4 17.7 18.5 16.5 17.8 19.8 20.2 23.0 Private creditors 2.6 0.0 46.8 84.2 93.2 92.8 88.1 82.1 of which: Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 2.6 0.0 46.8 84.2 93.2 92.8 88.1 82.1 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks and other 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 2.1 6.0 5.9 10.1 10.5 10.3 10.0 IDA 0.0 7.9 11.6 20.1 23.2 26.1 27.2 40.7 Public sector LDOD 72.1 111.3 167.6 210.7 235.0 256.6 248.9 256.5 Private sector LDOD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 DISBURSEMENTS 8.0 11.5 50.9 50.1 33.1 28.5 11.7 21.3 Public and publicly guaranteed 8.0 11.5 50.9 50.1 33.1 28.5 11.7 21.3 Official creditors 8.0 11.5 16.8 20.1 18.1 28.5 11.7 21.3 Multilateral 6.9 10.8 15.7 17.2 16.9 25.7 7.4 17.2 Concessional 4.3 9.3 3.7 12.8 6.5 6.4 5.7 15.6 Bilateral 1.1 0.8 1.1 2.9 1.2 2.7 4.4 4.1 Concessional 0.2 0.8 1.1 2.9 1.2 2.7 4.4 4.1 Private creditors 0.0 0.0 34.1 30.0 15.0 0.0 0.0 0.0 of which: Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 34.1 30.0 15.0 0.0 0.0 0.0 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks and other 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 0.7 0.9 1.0 5.1 1.2 1.1 0.7 IDA 0.0 2.1 0.7 7.3 1.3 1.9 3.5 12.2 PRINCIPAL REPAYMENTS 3.2 6.2 20.9 9.4 15.6 9.8 14.2 17.6 Public and publicly guaranteed 3.2 6.2 20.9 9.4 15.6 9.8 14.2 17.6 Official creditors 2.4 6.2 11.7 9.4 9.6 9.5 9.5 11.5 Multilateral 2.4 4.2 6.6 6.4 7.2 6.9 7.0 8.1 Concessional 2.0 2.6 3.1 3.8 3.6 3.5 3.3 3.6 Bilateral 0.0 2.0 5.1 3.0 2.4 2.5 2.5 3.4 Concessional 0.0 0.1 2.0 2.2 1.8 1.9 1.9 3.1 Private creditors 0.8 0.0 9.2 0.0 6.0 0.4 4.7 6.0 of which: Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.8 0.0 9.2 0.0 6.0 0.4 4.7 6.0 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks and other 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 0.1 0.5 0.7 1.5 1.0 1.0 1.1 IDA 0.0 0.0 0.1 0.1 0.1 0.1 0.3 0.4 INTEREST PAYMENTS (LINT) 2.8 4.8 7.5 8.7 12.0 11.4 13.9 13.2 Public and publicly guaranteed 2.8 4.8 7.5 8.7 12.0 11.4 13.9 13.2 Official creditors 2.6 4.8 5.2 4.2 4.5 4.7 6.3 6.0 Multilateral 1.8 3.0 4.0 3.5 3.7 3.9 5.4 5.1 Concessional 1.3 1.6 1.7 1.6 1.7 1.9 1.9 1.9 Bilateral 0.8 1.8 1.2 0.7 0.8 0.8 0.9 0.9 Concessional 0.0 0.9 0.9 0.7 0.8 0.8 0.9 0.9 Private creditors 0.2 0.0 2.3 4.6 7.5 6.7 7.6 7.2 of which: Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.2 0.0 2.3 4.6 7.5 6.7 7.6 7.2 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks and other 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 0.1 0.3 0.3 0.4 0.5 0.5 0.5 IDA 0.0 0.0 0.1 0.1 0.2 0.2 0.2 0.3 364 ST. LUCIA (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 6. CURRENCY COMPOSITION OF PUBLIC AND PUBLICLY GUARANTEED DEBT (PERCENT) Euro .. .. .. 5.2 5.2 4.6 3.6 3.1 Japanese yen 4.0 2.4 0.3 0.0 0.0 0.0 0.0 0.0 Pound sterling 40.3 13.7 1.9 1.0 0.7 0.5 0.2 0.0 Swiss franc 1.1 0.5 0.0 0.0 0.0 0.0 0.0 0.0 U.S.dollars 32.8 53.4 50.3 58.7 62.4 66.1 67.3 66.4 7. DEBT RESTRUCTURINGS Total amount rescheduled 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Debt stock rescheduled 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal rescheduled 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Official 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Interest rescheduled 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Official 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Debt forgiven 0.4 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: interest forgiven 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Debt stock reduction 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 of which debt buyback 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 8. DEBT STOCK-FLOW RECONCILIATION Total change in debt stocks 13.5 14.7 39.2 34.0 43.4 22.6 59.3 -51.4 Net flows on debt 7.0 12.3 42.5 30.0 36.4 19.6 64.5 -55.2 Cross-currency valuation 5.8 2.2 -3.2 3.7 5.5 3.3 -5.0 2.8 9. AVERAGE TERMS OF NEW COMMITMENTS ALL CREDITORS Interest (%) 4.3 4.7 7.3 5.2 3.2 1.7 2.4 7.2 Maturity (years) 24.1 24.8 18.0 15.9 18.8 23.4 24.9 10.3 Grace period (years) 8.2 7.1 9.3 4.4 6.5 7.3 7.8 10.3 Grant element (%) 42.8 38.4 17.9 30.1 45.3 59.7 57.3 17.6 Official creditors Interest (%) 4.3 4.7 6.0 2.4 3.2 1.7 2.4 0.0 Maturity (years) 24.1 24.8 22.7 21.6 18.8 23.4 24.9 0.0 Grace period (years) 8.2 7.1 5.5 6.1 6.5 7.3 7.8 0.0 Grant element (%) 42.8 38.4 26.7 52.1 45.3 59.7 57.3 0.0 Private creditors Interest (%) 0.0 0.0 8.7 7.7 0.0 0.0 0.0 7.2 Maturity (years) 0.0 0.0 13.2 10.8 0.0 0.0 0.0 10.3 Grace period (years) 0.0 0.0 13.2 3.0 0.0 0.0 0.0 10.3 Grant element (%) 0.0 0.0 9.1 9.8 0.0 0.0 0.0 17.6 10. CONTRACTUAL OBLIGATIONS ON OUTSTANDING LONG-TERM DEBT 2007 2008 2009 2010 2011 2012 2013 2014 TOTAL Principal 23.3 41.0 23.8 24.1 22.5 20.3 14.6 12.5 Interest 13.7 14.3 13.0 12.3 11.4 10.3 9.3 8.7 Official creditors Principal 15.4 15.9 15.9 16.1 14.6 12.4 11.8 11.5 Interest 6.1 5.8 5.4 5.0 4.5 4.0 3.6 3.2 Bilateral creditors Principal 3.5 3.5 2.9 3.3 2.5 1.6 1.6 1.6 Interest 1.0 1.0 0.9 0.8 0.7 0.6 0.5 0.5 Multilateral creditors Principal 11.9 12.4 13.0 12.8 12.1 10.8 10.2 9.9 Interest 5.1 4.9 4.6 4.2 3.8 3.5 3.1 2.7 Private creditors Principal 7.9 25.1 7.9 7.9 7.9 7.9 2.8 1.1 Interest 7.6 8.5 7.6 7.4 6.9 6.2 5.7 5.5 Notes: 365 ST. VINCENT AND THE GRENADINES (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 1. SUMMARY DEBT DATA TOTAL DEBT STOCKS (EDT) 62.4 120.7 196.2 206.4 228.4 257.4 281.5 300.1 Long-term debt (LDOD) 60.3 93.7 164.9 174.1 195.2 223.9 247.4 242.1 Public and publicly guaranteed 60.3 93.7 164.9 174.1 195.2 223.9 247.4 242.1 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Use of IMF credit 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Short-term debt 2.1 27.0 31.4 32.4 33.2 33.5 34.1 58.1 of which interest arrears on LDOD 0.1 0.1 0.4 2.4 3.2 3.5 4.2 0.4 Official creditors 0.1 0.1 0.4 0.3 0.4 0.4 0.3 0.4 Private creditors 0.0 0.0 0.0 2.0 2.9 3.2 3.9 0.0 Memorandum items Principal arrears on LDOD 0.1 0.6 0.9 0.7 2.5 2.9 3.3 0.8 Official creditors 0.1 0.3 0.9 0.7 1.1 1.0 0.9 0.8 Private creditors 0.0 0.2 0.0 0.0 1.3 1.9 2.3 0.0 TOTAL DEBT FLOWS Disbursements 7.2 3.6 8.5 18.0 26.5 39.9 42.4 14.2 Long-term debt 7.2 3.6 8.5 18.0 26.5 39.9 42.4 14.2 IMF purchases 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal repayments 2.4 4.7 6.3 7.6 9.4 13.0 15.3 22.1 Long-term debt 2.4 4.7 6.3 7.6 9.4 13.0 15.3 22.1 IMF repurchases 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Net flows on debt 5.2 3.1 1.4 10.4 17.1 26.9 26.9 19.8 of which short-term debt 0.4 4.2 -0.8 0.0 0.0 0.0 -0.1 27.8 Interest payments (INT) 1.9 4.2 7.0 5.6 5.8 7.7 9.4 13.5 Long-term debt 1.7 2.7 5.2 4.4 4.6 6.5 8.2 11.2 IMF charges 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Short-term debt 0.2 1.5 1.9 1.2 1.2 1.2 1.2 2.3 Net transfers on debt 3.3 -1.1 -5.6 4.8 11.3 19.2 17.6 6.3 Total debt service paid (TDS) 4.3 8.9 13.3 13.2 15.2 20.7 24.7 35.6 Long-term debt 4.1 7.4 11.4 12.0 14.0 19.5 23.5 33.3 IMF repurchases and charges 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Short-term debt (interest only) 0.2 1.5 1.9 1.2 1.2 1.2 1.2 2.3 2. OTHER NET RESOURCE FLOWS (LONG-TERM) Net flow of long-term debt (ex. IMF) 4.8 -1.1 2.3 10.4 17.1 26.9 27.0 -8.0 Foreign direct investment (net) 7.7 30.6 37.7 34.1 55.2 65.7 55.6 85.0 Portfolio equity flows 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Grants (excluding technical coop.) 3.4 46.0 3.6 4.4 3.9 8.9 5.0 4.0 of which: Debt forgiveness grants .. .. 0.0 3.5 0.0 0.0 0.0 0.5 IDA grants .. .. .. 0.0 0.0 0.0 0.3 0.9 Memo: technical coop. grants 2.4 2.7 1.2 0.9 1.5 1.9 1.7 2.1 Interest on long-term debt 1.7 2.7 5.2 4.4 4.6 6.5 8.2 11.2 Profit remittances on FDI 13.3 11.1 12.7 15.1 20.8 24.9 23.7 0.0 3. MAJOR ECONOMIC AGGREGATES Gross national income (GNI) 187.3 254.8 316.9 347.4 355.8 386.3 353.4 .. Exports of goods, serv. & inc. (XGS) 148.7 140.3 182.6 181.7 176.6 189.4 214.7 .. Worker remit. & comp. of employees 16.0 2.0 3.0 4.0 3.4 5.0 5.0 5.0 Imports of goods & services (MGS) 167.9 190.2 222.8 235.8 269.0 306.1 334.2 .. International reserves (RES) 26.5 29.8 55.2 53.2 51.2 75.0 69.5 78.7 Current account balance -23.6 -40.7 -23.9 -42.0 -79.5 -102.5 -101.4 .. 4. DEBT INDICATORS EDT / XGS (%) 42.0 86.0 107.5 113.6 129.3 135.9 131.1 .. EDT / GNI (%) 33.3 47.4 61.9 59.4 64.2 66.6 79.6 .. TDS / XGS (%) 2.9 6.3 7.3 7.3 8.6 10.9 11.5 .. INT / XGS (%) 1.3 3.0 3.9 3.1 3.3 4.1 4.4 .. INT / GNI (%) 1.0 1.7 2.2 1.6 1.6 2.0 2.6 .. RES / EDT (%) 42.5 24.7 28.1 25.8 22.4 29.1 24.7 26.2 RES / MGS (months) 1.9 1.9 3.0 2.7 2.3 2.9 2.5 .. Short-term / EDT (%) 3.4 22.3 16.0 15.7 14.5 13.0 12.1 19.4 Concessional / EDT (%) 82.9 62.8 47.5 46.1 41.8 38.3 33.7 31.3 Multilateral / EDT (%) 79.1 50.4 34.5 37.5 34.2 30.9 29.8 31.4 366 ST. VINCENT AND THE GRENADINES (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 5. LONG-TERM DEBT DEBT OUTSTANDING (LDOD) 60.3 93.7 164.9 174.1 195.2 223.9 247.4 242.1 Public and publicly guaranteed 60.3 93.7 164.9 174.1 195.2 223.9 247.4 242.1 Official creditors 60.3 88.9 106.4 108.5 108.8 113.2 114.4 123.7 Multilateral 49.4 60.8 67.8 77.5 78.0 79.6 83.8 94.1 Concessional 41.9 49.4 54.9 64.3 64.8 65.0 64.2 64.3 Bilateral 10.9 28.2 38.6 31.0 30.7 33.5 30.6 29.6 Concessional 9.9 26.4 38.3 30.8 30.6 33.5 30.6 29.6 Private creditors 0.0 4.8 58.5 65.6 86.4 110.7 133.0 118.4 of which: Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 4.8 0.6 0.8 0.6 30.2 59.9 53.5 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks and other 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 0.4 0.1 0.5 0.6 0.9 0.9 3.4 IDA 6.2 8.1 7.0 10.1 11.5 13.3 15.3 16.5 Public sector LDOD 60.3 93.7 164.9 174.1 195.2 223.9 247.4 242.1 Private sector LDOD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 DISBURSEMENTS 7.2 3.6 8.5 18.0 26.5 39.9 42.4 14.2 Public and publicly guaranteed 7.2 3.6 8.5 18.0 26.5 39.9 42.4 14.2 Official creditors 7.2 3.5 8.5 9.4 4.3 10.1 12.4 14.2 Multilateral 6.6 2.0 5.7 9.2 2.6 5.6 11.5 13.7 Concessional 5.3 1.8 2.6 8.5 2.4 2.9 4.3 2.6 Bilateral 0.6 1.5 2.8 0.2 1.7 4.5 0.8 0.4 Concessional 0.6 0.9 2.8 0.2 1.7 4.5 0.8 0.4 Private creditors 0.0 0.1 0.0 8.6 22.2 29.8 30.0 0.0 of which: Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.1 0.0 1.1 0.0 29.8 30.0 0.0 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks and other 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 0.0 0.0 0.5 0.1 0.4 0.0 2.5 IDA 0.9 0.0 0.0 1.8 0.5 1.4 3.3 0.8 PRINCIPAL REPAYMENTS 2.4 4.7 6.3 7.6 9.4 13.0 15.3 22.1 Public and publicly guaranteed 2.4 4.7 6.3 7.6 9.4 13.0 15.3 22.1 Official creditors 2.4 4.7 5.9 6.5 7.8 7.7 7.6 7.5 Multilateral 2.2 3.6 3.8 3.9 4.8 5.3 5.1 4.9 Concessional 1.7 2.4 2.6 2.6 3.4 3.6 3.7 3.5 Bilateral 0.2 1.1 2.0 2.6 3.0 2.4 2.5 2.6 Concessional 0.1 0.7 2.0 2.6 3.0 2.3 2.5 2.6 Private creditors 0.0 0.0 0.4 1.1 1.5 5.3 7.7 14.6 of which: Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 0.4 0.4 0.4 0.1 0.2 6.4 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks and other 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 0.1 0.0 0.2 0.0 0.0 0.0 0.0 IDA 0.0 0.1 0.1 0.1 0.1 0.2 0.3 0.3 INTEREST PAYMENTS (LINT) 1.7 2.7 5.2 4.4 4.6 6.5 8.2 11.2 Public and publicly guaranteed 1.7 2.7 5.2 4.4 4.6 6.5 8.2 11.2 Official creditors 1.7 2.5 3.3 3.7 3.6 3.6 3.5 3.7 Multilateral 1.5 1.8 2.2 2.5 2.5 2.6 2.5 2.8 Concessional 1.1 1.2 1.7 2.0 2.0 1.9 1.8 1.8 Bilateral 0.3 0.7 1.2 1.2 1.0 1.0 1.0 0.9 Concessional 0.2 0.6 1.2 1.2 1.0 1.0 1.0 0.9 Private creditors 0.0 0.3 1.8 0.7 1.0 2.8 4.7 7.5 of which: Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.3 0.1 0.1 0.0 0.0 2.1 4.1 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks and other 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 0.0 0.0 0.1 0.0 0.0 0.1 0.1 IDA 0.0 0.1 0.1 0.1 0.1 0.1 0.1 0.1 367 ST. VINCENT AND THE GRENADINES (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 6. CURRENCY COMPOSITION OF PUBLIC AND PUBLICLY GUARANTEED DEBT (PERCENT) Euro .. .. .. 6.4 7.1 7.0 5.4 5.8 Japanese yen 0.2 0.1 0.0 0.0 0.0 0.0 0.0 0.0 Pound sterling 4.5 5.3 2.8 0.1 0.1 0.1 0.1 0.1 Swiss franc 0.2 1.4 0.3 0.2 0.2 0.1 0.0 0.0 U.S.dollars 65.9 69.0 82.4 82.6 72.6 68.9 74.4 75.6 7. DEBT RESTRUCTURINGS Total amount rescheduled 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Debt stock rescheduled 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal rescheduled 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Official 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Interest rescheduled 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Official 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Debt forgiven 0.8 0.0 0.0 3.4 0.0 0.0 0.0 0.0 Memo: interest forgiven 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Debt stock reduction 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 of which debt buyback 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 8. DEBT STOCK-FLOW RECONCILIATION Total change in debt stocks 9.7 4.2 1.1 11.3 21.9 29.1 24.0 18.7 Net flows on debt 5.2 3.1 1.4 10.4 17.1 26.9 26.9 19.8 Cross-currency valuation 1.3 0.9 -1.8 3.4 3.7 1.9 -3.3 2.5 9. AVERAGE TERMS OF NEW COMMITMENTS ALL CREDITORS Interest (%) 4.0 3.5 2.5 2.4 6.5 5.3 5.7 0.0 Maturity (years) 20.7 19.9 30.1 20.7 14.8 13.7 14.6 0.0 Grace period (years) 4.9 4.2 10.3 6.1 0.9 3.0 2.8 0.0 Grant element (%) 39.8 41.0 61.6 51.6 17.1 25.8 23.1 0.0 Official creditors Interest (%) 4.0 3.5 2.5 2.4 4.9 2.2 4.7 0.0 Maturity (years) 20.7 19.9 30.1 20.7 22.4 20.3 18.4 0.0 Grace period (years) 4.9 4.2 10.3 6.1 0.0 6.0 4.6 0.0 Grant element (%) 39.8 41.0 61.6 51.6 28.8 51.8 33.4 0.0 Private creditors Interest (%) 0.0 0.0 0.0 0.0 7.4 7.0 7.0 0.0 Maturity (years) 0.0 0.0 0.0 0.0 10.1 9.9 10.0 0.0 Grace period (years) 0.0 0.0 0.0 0.0 1.5 1.3 0.5 0.0 Grant element (%) 0.0 0.0 0.0 0.0 9.6 11.0 10.5 0.0 10. CONTRACTUAL OBLIGATIONS ON OUTSTANDING LONG-TERM DEBT 2007 2008 2009 2010 2011 2012 2013 2014 TOTAL Principal 25.5 23.9 26.5 27.6 27.0 26.9 26.0 21.1 Interest 11.8 11.2 10.3 9.3 8.1 6.8 5.5 4.4 Official creditors Principal 12.2 10.7 13.3 14.3 13.8 13.7 13.3 11.3 Interest 5.0 5.2 5.2 5.0 4.6 4.1 3.7 3.2 Bilateral creditors Principal 4.2 3.6 4.2 4.4 3.7 3.7 3.6 2.6 Interest 0.9 0.9 0.8 0.7 0.6 0.6 0.5 0.4 Multilateral creditors Principal 8.0 7.1 9.1 9.9 10.0 9.9 9.7 8.7 Interest 4.1 4.4 4.4 4.2 3.9 3.6 3.2 2.8 Private creditors Principal 13.2 13.2 13.2 13.2 13.2 13.2 12.7 9.8 Interest 6.7 5.9 5.1 4.3 3.5 2.7 1.9 1.2 Notes: Starting from 1993, short-term debt data are World Bank staff estimates, based on the BIS debt data on international bank lending. 368 SUDAN (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 1. SUMMARY DEBT DATA TOTAL DEBT STOCKS (EDT) 14,762 17,603 16,411 17,314 18,406 19,353 18,455 19,158 Long-term debt (LDOD) 9,651 10,275 10,944 11,435 11,887 12,237 11,660 12,105 Public and publicly guaranteed 9,155 9,779 10,448 10,939 11,391 11,741 11,164 11,609 Private nonguaranteed 496 496 496 496 496 496 496 496 Use of IMF credit 956 960 625 573 599 593 518 518 Short-term debt 4,155 6,368 4,842 5,306 5,920 6,524 6,277 6,535 of which interest arrears on LDOD 3,705 5,737 4,572 5,169 5,787 6,122 5,866 6,199 Official creditors 3,244 4,748 3,173 3,497 3,954 4,150 3,963 4,175 Private creditors 461 989 1,399 1,671 1,833 1,971 1,903 2,025 Memorandum items Principal arrears on LDOD 5,703 7,637 7,357 8,183 8,664 8,998 8,620 8,995 Official creditors 3,893 5,282 5,181 5,718 6,031 6,220 6,036 6,299 Private creditors 1,811 2,355 2,176 2,465 2,633 2,777 2,583 2,696 TOTAL DEBT FLOWS Disbursements 185 51 861 104 111 224 305 309 Long-term debt 185 51 861 104 111 224 305 309 IMF purchases 0 0 0 0 0 0 0 0 Principal repayments 16 54 197 102 214 233 318 243 Long-term debt 15 15 143 80 188 202 290 216 IMF repurchases 1 39 54 22 26 31 28 27 Net flows on debt 169 0 625 -2 -108 260 -4 -9 of which short-term debt 0 3 -39 -4 -4 269 9 -75 Interest payments (INT) 34 15 42 39 58 79 67 49 Long-term debt 9 2 42 38 58 79 67 49 IMF charges 0 13 0 1 0 0 0 0 Short-term debt 25 0 0 0 0 0 0 0 Net transfers on debt 135 -15 583 -41 -166 181 -72 -58 Total debt service paid (TDS) 50 69 239 141 272 312 385 292 Long-term debt 23 17 185 118 246 281 356 265 IMF repurchases and charges 1 52 54 23 26 31 29 27 Short-term debt (interest only) 25 0 0 0 0 0 0 0 2. OTHER NET RESOURCE FLOWS (LONG-TERM) Net flow of long-term debt (ex. IMF) 170 36 718 24 -77 22 15 93 Foreign direct investment (net) -31 12 392 713 1,349 1,511 2,305 3,534 Portfolio equity flows 0 0 0 0 0 0 0 -35 Grants (excluding technical coop.) 433 149 176 300 564 894 1,666 1,776 of which: Debt forgiveness grants .. .. 0 3 3 4 3 3 IDA grants .. .. .. 0 0 0 0 0 Memo: technical coop. grants 184 77 28 35 54 85 133 213 Interest on long-term debt 9 2 42 38 58 79 67 49 Profit remittances on FDI 0 0 0 633 879 1,122 1,399 2,093 3. MAJOR ECONOMIC AGGREGATES Gross national income (GNI) 8,245 6,373 10,479 13,749 16,446 19,990 25,915 34,543 Exports of goods, serv. & inc. (XGS) 573 1,029 2,477 3,081 3,807 5,245 5,996 7,106 Worker remit. & comp. of employees 62 346 641 978 1,223 1,403 1,016 1,156 Imports of goods & services (MGS) 1,025 1,243 2,594 3,750 4,246 5,785 9,196 11,997 International reserves (RES) 11 .. 138 249 529 1,338 1,869 1,660 Current account balance -372 -500 -518 -974 -939 -818 -2,768 -4,722 4. DEBT INDICATORS EDT / XGS (%) 2,574.9 1,710.6 662.6 562.0 483.5 369.0 307.8 269.6 EDT / GNI (%) 179.0 276.2 156.6 125.9 111.9 96.8 71.2 55.5 TDS / XGS (%) 8.7 6.7 9.7 4.6 7.2 6.0 6.4 4.1 INT / XGS (%) 5.9 1.5 1.7 1.3 1.5 1.5 1.1 0.7 INT / GNI (%) 0.4 0.2 0.4 0.3 0.4 0.4 0.3 0.1 RES / EDT (%) 0.1 .. 0.8 1.4 2.9 6.9 10.1 8.7 RES / MGS (months) 0.1 .. 0.6 0.8 1.5 2.8 2.4 1.7 Short-term / EDT (%) 28.1 36.2 29.5 30.6 32.2 33.7 34.0 34.1 Concessional / EDT (%) 30.2 27.5 30.5 29.4 28.6 28.2 29.6 30.2 Multilateral / EDT (%) 11.7 12.1 12.0 13.2 13.2 13.1 13.6 14.2 369 SUDAN (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 5. LONG-TERM DEBT DEBT OUTSTANDING (LDOD) 9,651 10,275 10,944 11,435 11,887 12,237 11,660 12,105 Public and publicly guaranteed 9,155 9,779 10,448 10,939 11,391 11,741 11,164 11,609 Official creditors 7,500 7,921 8,690 8,941 9,225 9,376 8,971 9,303 Multilateral 1,723 2,133 1,968 2,290 2,421 2,527 2,510 2,716 Concessional 1,549 1,927 1,838 2,146 2,259 2,361 2,365 2,563 Bilateral 5,777 5,787 6,722 6,651 6,805 6,850 6,461 6,587 Concessional 2,903 2,910 3,162 2,945 3,012 3,088 3,098 3,232 Private creditors 1,655 1,859 1,758 1,998 2,166 2,365 2,193 2,305 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 1,651 1,855 1,296 1,507 1,675 1,820 1,584 1,696 Private nonguaranteed 496 496 496 496 496 496 496 496 Bonds 0 0 0 0 0 0 0 0 Commercial banks and other 496 496 496 496 496 496 496 496 Memo: IBRD 19 6 1 0 0 0 0 0 IDA 1,028 1,272 1,167 1,192 1,262 1,300 1,234 1,271 Public sector LDOD 9,651 10,275 10,944 11,435 11,887 12,237 11,660 12,105 Private sector LDOD 0 0 0 0 0 0 0 0 DISBURSEMENTS 185 51 861 104 111 224 305 309 Public and publicly guaranteed 185 51 861 104 111 224 305 309 Official creditors 185 51 318 75 111 170 237 309 Multilateral 185 51 171 20 33 71 126 150 Concessional 180 27 171 13 33 71 125 149 Bilateral 0 0 146 55 78 98 111 160 Concessional 0 0 125 32 23 61 89 139 Private creditors 0 0 543 29 0 54 68 0 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 0 0 87 0 0 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 Commercial banks and other 0 0 0 0 0 0 0 0 Memo: IBRD 0 0 0 0 0 0 0 0 IDA 121 0 0 0 0 0 0 0 PRINCIPAL REPAYMENTS 15 15 143 80 188 202 290 216 Public and publicly guaranteed 15 15 143 80 188 202 290 216 Official creditors 15 15 143 80 188 202 286 216 Multilateral 15 15 32 14 32 31 29 15 Concessional 4 9 30 14 30 27 25 15 Bilateral 0 0 111 66 156 171 257 201 Concessional 0 0 58 36 22 17 17 55 Private creditors 0 0 0 0 0 0 4 0 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 Commercial banks and other 0 0 0 0 0 0 0 0 Memo: IBRD 10 0 2 0 0 0 0 0 IDA 4 0 2 0 3 2 1 2 INTEREST PAYMENTS (LINT) 9 2 42 38 58 79 67 49 Public and publicly guaranteed 9 2 42 38 58 79 67 49 Official creditors 9 2 41 38 58 79 64 47 Multilateral 9 2 16 10 22 20 23 12 Concessional 6 1 15 10 20 17 21 11 Bilateral 0 0 26 28 36 59 41 35 Concessional 0 0 2 1 3 5 6 8 Private creditors 0 0 1 0 0 0 2 2 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 Commercial banks and other 0 0 0 0 0 0 0 0 Memo: IBRD 2 0 0 0 0 0 0 0 IDA 6 0 2 0 2 2 1 1 370 SUDAN (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 6. CURRENCY COMPOSITION OF PUBLIC AND PUBLICLY GUARANTEED DEBT (PERCENT) Euro .. .. .. 7.2 8.3 8.7 7.9 8.5 Japanese yen 2.3 2.9 1.9 1.8 1.9 1.9 1.3 1.3 Pound sterling 4.3 3.4 3.2 3.0 3.1 3.2 3.1 3.2 Swiss franc 18.6 19.6 11.9 13.4 14.4 15.3 13.8 14.3 U.S.dollars 48.1 47.6 61.3 57.4 55.0 53.2 54.4 51.9 7. DEBT RESTRUCTURINGS Total amount rescheduled 0 0 0 0 0 0 0 0 Debt stock rescheduled 0 0 0 0 0 0 0 0 Principal rescheduled 0 0 6 2 0 0 0 0 Official 0 0 3 2 0 0 0 0 Private 0 0 3 0 0 0 0 0 Interest rescheduled 0 0 1 6 0 0 0 0 Official 0 0 0 6 0 0 0 0 Private 0 0 1 0 0 0 0 0 Debt forgiven 0 0 0 0 0 0 13 0 Memo: interest forgiven 0 0 0 0 0 0 1 0 Debt stock reduction 0 0 0 0 0 0 0 0 of which debt buyback 0 0 0 0 0 0 0 0 8. DEBT STOCK-FLOW RECONCILIATION Total change in debt stocks 1,403 685 279 790 1,092 948 -899 703 Net flows on debt 169 0 625 -2 -108 260 -4 -9 Cross-currency valuation 518 274 -223 571 539 335 -580 346 9. AVERAGE TERMS OF NEW COMMITMENTS ALL CREDITORS Interest (%) 0.8 0.0 1.7 2.5 2.8 2.5 2.4 4.1 Maturity (years) 49.9 0.0 24.8 22.9 17.7 19.9 17.2 15.2 Grace period (years) 10.4 0.0 4.7 7.0 4.9 5.8 5.1 4.5 Grant element (%) 83.3 0.0 56.4 53.7 45.2 46.5 40.7 34.3 Official creditors Interest (%) 0.8 0.0 1.7 2.4 2.8 2.5 3.0 4.1 Maturity (years) 49.9 0.0 24.8 23.9 17.7 19.9 21.3 15.2 Grace period (years) 10.4 0.0 4.7 7.0 4.9 5.8 6.0 4.5 Grant element (%) 83.3 0.0 56.4 54.9 45.2 46.5 47.1 34.3 Private creditors Interest (%) 0.0 0.0 0.0 3.0 0.0 0.0 0.0 0.0 Maturity (years) 0.0 0.0 0.0 17.0 0.0 0.0 2.0 0.0 Grace period (years) 0.0 0.0 0.0 7.5 0.0 0.0 2.0 0.0 Grant element (%) 0.0 0.0 0.0 46.9 0.0 0.0 17.4 0.0 10. CONTRACTUAL OBLIGATIONS ON OUTSTANDING LONG-TERM DEBT 2007 2008 2009 2010 2011 2012 2013 2014 TOTAL Principal 271 276 273 308 321 302 276 268 Interest 98 98 94 88 80 71 62 55 Official creditors Principal 271 265 263 297 310 291 266 258 Interest 98 95 91 86 78 69 61 53 Bilateral creditors Principal 172 162 158 180 185 170 148 141 Interest 62 59 56 51 45 38 32 27 Multilateral creditors Principal 99 104 105 117 125 121 118 117 Interest 36 36 35 34 33 31 29 27 Private creditors Principal 0 11 11 11 11 11 11 11 Interest 0 3 3 2 2 2 2 1 Notes: 371 SWAZILAND (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 1. SUMMARY DEBT DATA TOTAL DEBT STOCKS (EDT) 298.4 290.5 288.5 342.1 400.5 470.9 530.8 544.4 Long-term debt (LDOD) 293.8 279.2 286.7 335.8 386.8 411.1 449.2 493.7 Public and publicly guaranteed 293.8 279.2 286.7 335.8 386.8 411.1 449.2 493.7 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Use of IMF credit 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Short-term debt 4.6 11.3 1.8 6.3 13.7 59.7 81.6 50.8 of which interest arrears on LDOD 0.1 0.7 0.0 6.1 13.4 15.7 16.6 19.8 Official creditors 0.1 0.7 0.0 3.0 8.0 11.8 14.1 15.7 Private creditors 0.0 0.0 0.0 3.1 5.4 3.9 2.5 4.0 Memorandum items Principal arrears on LDOD 0.2 4.0 0.2 4.0 7.7 4.6 10.9 15.1 Official creditors 0.2 3.8 0.2 4.0 7.7 4.6 10.9 14.8 Private creditors 0.0 0.3 0.0 0.0 0.0 0.0 0.0 0.3 TOTAL DEBT FLOWS Disbursements 14.1 17.8 15.8 12.9 9.1 55.6 103.2 60.8 Long-term debt 14.1 17.8 15.8 12.9 9.1 55.6 103.2 60.8 IMF purchases 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal repayments 36.0 15.7 14.7 10.8 13.3 27.7 20.4 20.2 Long-term debt 35.7 15.7 14.7 10.8 13.3 27.7 20.4 20.2 IMF repurchases 0.3 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Net flows on debt -38.7 6.4 -49.8 1.3 -4.1 71.7 103.8 6.6 of which short-term debt -16.7 4.3 -50.9 -0.9 0.1 43.7 21.0 -34.0 Interest payments (INT) 10.5 5.3 18.8 8.2 13.3 19.7 21.4 24.5 Long-term debt 10.0 4.9 16.7 8.2 13.3 18.9 18.7 21.5 IMF charges 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Short-term debt 0.4 0.4 2.1 0.0 0.0 0.8 2.8 3.1 Net transfers on debt -49.1 1.1 -68.6 -6.9 -17.4 52.0 82.4 -17.9 Total debt service paid (TDS) 46.5 20.9 33.5 18.9 26.6 47.4 41.9 44.7 Long-term debt 45.7 20.5 31.4 18.9 26.6 46.6 39.1 41.7 IMF repurchases and charges 0.3 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Short-term debt (interest only) 0.4 0.4 2.1 0.0 0.0 0.8 2.8 3.1 2. OTHER NET RESOURCE FLOWS (LONG-TERM) Net flow of long-term debt (ex. IMF) -21.6 2.2 1.1 2.2 -4.2 27.9 82.8 40.6 Foreign direct investment (net) 30.1 51.8 91.4 88.8 -60.9 70.6 -49.6 36.3 Portfolio equity flows -2.2 0.8 1.4 -2.0 -0.1 -0.3 0.8 0.0 Grants (excluding technical coop.) 20.1 18.9 9.9 7.8 18.5 23.0 38.0 24.3 of which: Debt forgiveness grants .. .. 0.0 0.0 0.0 0.0 0.0 0.0 IDA grants .. .. .. 0.0 0.0 0.0 0.0 0.0 Memo: technical coop. grants 27.3 28.1 9.4 9.1 7.6 4.9 6.2 5.8 Interest on long-term debt 10.0 4.9 16.7 8.2 13.3 18.9 18.7 21.5 Profit remittances on FDI 85.4 68.0 65.9 123.8 75.7 87.4 40.2 129.3 3. MAJOR ECONOMIC AGGREGATES Gross national income (GNI) 941.1 1445.0 1422.9 1189.6 1947.2 2401.7 2632.5 2663.7 Exports of goods, serv. & inc. (XGS) 819.6 1182.2 1376.4 1298.5 1933.0 2189.2 2409.6 2427.5 Worker remit. & comp. of employees 113.0 83.0 74.0 62.0 65.0 83.0 95.0 98.6 Imports of goods & services (MGS) 870.4 1355.9 1522.9 1361.2 1993.8 2242.2 2452.5 2495.8 International reserves (RES) 216.5 298.2 351.8 275.8 277.5 323.6 243.9 372.5 Current account balance 50.7 -29.7 -45.9 33.2 89.4 51.7 86.4 98.1 4. DEBT INDICATORS EDT / XGS (%) 36.4 24.6 21.0 26.3 20.7 21.5 22.0 22.4 EDT / GNI (%) 31.7 20.1 20.3 28.8 20.6 19.6 20.2 20.4 TDS / XGS (%) 5.7 1.8 2.4 1.5 1.4 2.2 1.7 1.8 INT / XGS (%) 1.3 0.4 1.4 0.6 0.7 0.9 0.9 1.0 INT / GNI (%) 1.1 0.4 1.3 0.7 0.7 0.8 0.8 0.9 RES / EDT (%) 72.5 102.6 121.9 80.6 69.3 68.7 46.0 68.4 RES / MGS (months) 3.0 2.6 2.8 2.4 1.7 1.7 1.2 1.8 Short-term / EDT (%) 1.5 3.9 0.6 1.8 3.4 12.7 15.4 9.3 Concessional / EDT (%) 68.4 74.7 54.3 51.7 49.3 36.1 32.3 33.0 Multilateral / EDT (%) 38.9 41.4 51.9 53.4 50.6 51.2 52.2 59.2 372 SWAZILAND (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 5. LONG-TERM DEBT DEBT OUTSTANDING (LDOD) 293.8 279.2 286.7 335.8 386.8 411.1 449.2 493.7 Public and publicly guaranteed 293.8 279.2 286.7 335.8 386.8 411.1 449.2 493.7 Official creditors 287.0 279.0 266.9 304.8 346.4 349.8 383.4 427.8 Multilateral 116.2 120.3 149.9 182.6 202.6 241.0 277.0 322.5 Concessional 42.7 59.7 59.7 71.3 75.0 79.8 81.5 89.3 Bilateral 170.8 158.7 117.0 122.2 143.8 108.8 106.4 105.3 Concessional 161.5 157.4 96.9 105.7 122.4 90.3 90.0 90.4 Private creditors 6.8 0.3 19.8 31.1 40.4 61.3 65.7 65.9 of which: Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 19.8 31.1 40.4 61.3 65.7 65.9 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks and other 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 36.9 19.2 9.0 9.1 14.8 23.7 23.6 22.4 IDA 6.8 5.9 4.7 4.2 3.9 3.7 3.4 3.2 Public sector LDOD 293.8 279.2 286.7 335.8 386.8 411.1 449.2 493.7 Private sector LDOD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 DISBURSEMENTS 14.1 17.8 15.8 12.9 9.1 55.6 103.2 60.8 Public and publicly guaranteed 14.1 17.8 15.8 12.9 9.1 55.6 103.2 60.8 Official creditors 14.1 17.8 15.8 12.9 9.1 43.7 92.1 53.4 Multilateral 8.2 7.2 15.8 9.7 9.1 38.2 73.8 52.6 Concessional 2.6 2.7 2.3 6.4 0.5 5.2 9.1 7.5 Bilateral 5.9 10.7 0.0 3.2 0.0 5.5 18.3 0.9 Concessional 5.9 10.7 0.0 3.2 0.0 5.5 18.3 0.9 Private creditors 0.0 0.0 0.0 0.0 0.0 11.9 11.1 7.4 of which: Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 0.0 0.0 0.0 11.9 11.1 7.4 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks and other 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 1.0 0.0 0.7 1.0 6.8 10.2 1.5 0.0 IDA 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 PRINCIPAL REPAYMENTS 35.7 15.7 14.7 10.8 13.3 27.7 20.4 20.2 Public and publicly guaranteed 35.7 15.7 14.7 10.8 13.3 27.7 20.4 20.2 Official creditors 33.7 15.4 14.7 10.8 13.3 27.7 20.4 19.2 Multilateral 26.8 8.2 8.1 7.5 9.7 13.0 12.2 12.9 Concessional 1.1 1.4 2.4 1.6 1.8 2.9 2.3 2.4 Bilateral 6.9 7.2 6.6 3.2 3.6 14.7 8.3 6.3 Concessional 4.2 6.2 5.9 3.2 3.6 8.8 8.3 6.3 Private creditors 1.9 0.3 0.0 0.0 0.0 0.0 0.0 0.9 of which: Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.2 0.0 0.0 0.0 0.0 0.0 0.0 0.9 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks and other 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 20.4 3.5 0.9 0.9 1.0 1.4 1.5 1.2 IDA 0.2 0.3 0.3 0.3 0.3 0.3 0.3 0.3 INTEREST PAYMENTS (LINT) 10.0 4.9 16.7 8.2 13.3 18.9 18.7 21.5 Public and publicly guaranteed 10.0 4.9 16.7 8.2 13.3 18.9 18.7 21.5 Official creditors 9.2 4.8 10.8 7.2 9.2 12.3 11.9 14.4 Multilateral 6.5 3.1 5.2 6.8 8.6 9.4 10.3 13.0 Concessional 0.5 0.4 0.5 0.6 0.7 1.4 1.3 1.3 Bilateral 2.7 1.7 5.7 0.4 0.7 2.9 1.6 1.4 Concessional 1.5 1.5 1.5 0.4 0.7 1.6 1.6 1.4 Private creditors 0.8 0.1 5.9 1.0 4.1 6.6 6.7 7.1 of which: Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 5.9 1.0 4.1 6.6 6.7 7.1 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks and other 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 3.6 1.2 0.8 0.7 0.6 0.7 1.0 1.0 IDA 0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 373 SWAZILAND (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 6. CURRENCY COMPOSITION OF PUBLIC AND PUBLICLY GUARANTEED DEBT (PERCENT) Euro .. .. .. 30.0 31.6 22.1 23.2 27.8 Japanese yen 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Pound sterling 8.8 3.9 0.9 0.4 0.4 0.2 0.1 0.1 Swiss franc 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 U.S.dollars 9.7 7.0 9.5 11.0 10.8 13.0 12.4 11.4 7. DEBT RESTRUCTURINGS Total amount rescheduled 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Debt stock rescheduled 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal rescheduled 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Official 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Interest rescheduled 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Official 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Debt forgiven 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: interest forgiven 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Debt stock reduction 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 of which debt buyback 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 8. DEBT STOCK-FLOW RECONCILIATION Total change in debt stocks -10.5 18.8 -72.4 57.9 58.4 70.3 59.9 13.7 Net flows on debt -38.7 6.4 -49.8 1.3 -4.1 71.7 103.8 6.6 Cross-currency valuation 19.3 10.9 -17.2 31.5 28.1 23.2 -25.7 1.6 9. AVERAGE TERMS OF NEW COMMITMENTS ALL CREDITORS Interest (%) 0.0 7.1 3.0 0.0 4.4 14.0 0.0 2.5 Maturity (years) 0.0 19.5 40.2 0.0 20.3 19.8 0.0 21.8 Grace period (years) 0.0 5.0 27.2 0.0 5.0 4.4 0.0 4.3 Grant element (%) 0.0 18.1 66.3 0.0 36.8 -28.4 0.0 50.3 Official creditors Interest (%) 0.0 7.1 3.0 0.0 2.8 14.0 0.0 2.5 Maturity (years) 0.0 19.5 40.2 0.0 20.4 19.8 0.0 21.8 Grace period (years) 0.0 5.0 27.2 0.0 5.3 4.4 0.0 4.3 Grant element (%) 0.0 18.1 66.3 0.0 47.8 -28.4 0.0 50.3 Private creditors Interest (%) 0.0 0.0 0.0 0.0 13.4 0.0 0.0 0.0 Maturity (years) 0.0 0.0 0.0 0.0 19.5 0.0 0.0 0.0 Grace period (years) 0.0 0.0 0.0 0.0 3.8 0.0 0.0 0.0 Grant element (%) 0.0 0.0 0.0 0.0 -24.1 0.0 0.0 0.0 10. CONTRACTUAL OBLIGATIONS ON OUTSTANDING LONG-TERM DEBT 2007 2008 2009 2010 2011 2012 2013 2014 TOTAL Principal 34.4 39.1 40.4 39.1 41.3 39.4 38.1 36.1 Interest 32.1 32.4 31.2 29.2 26.9 24.5 21.9 19.6 Official creditors Principal 30.5 35.2 36.5 35.2 37.4 35.5 34.2 32.2 Interest 22.7 23.4 22.7 21.3 19.5 17.6 15.6 13.9 Bilateral creditors Principal 10.8 8.7 6.8 5.6 7.5 6.2 6.2 6.2 Interest 3.8 3.8 3.8 3.7 3.5 3.3 3.0 2.7 Multilateral creditors Principal 19.7 26.5 29.8 29.6 29.9 29.3 27.9 26.1 Interest 18.9 19.5 18.8 17.5 16.0 14.3 12.7 11.2 Private creditors Principal 3.9 3.9 3.9 3.9 3.9 3.9 3.9 3.9 Interest 9.4 9.0 8.5 8.0 7.4 6.9 6.3 5.7 Notes: 374 SYRIAN ARAB REPUBLIC (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 1. SUMMARY DEBT DATA TOTAL DEBT STOCKS (EDT) 17,259 21,415 21,657 19,966 19,266 18,981 6,508 6,502 Long-term debt (LDOD) 15,108 16,853 15,930 15,849 15,848 15,742 5,640 5,576 Public and publicly guaranteed 15,108 16,853 15,930 15,849 15,848 15,742 5,640 5,576 Private nonguaranteed 0 0 0 0 0 0 0 0 Use of IMF credit 0 0 0 0 0 0 0 0 Short-term debt 2,151 4,562 5,727 4,117 3,418 3,238 868 925 of which interest arrears on LDOD 460 1,633 2,407 2,617 2,718 2,778 527 541 Official creditors 407 1,502 2,267 2,473 2,566 2,623 380 389 Private creditors 53 131 140 145 152 155 147 152 Memorandum items Principal arrears on LDOD 864 5,654 9,820 11,455 12,289 13,071 4,617 4,673 Official creditors 580 4,831 8,775 10,385 11,189 11,953 3,561 3,592 Private creditors 284 823 1,046 1,071 1,100 1,118 1,055 1,081 TOTAL DEBT FLOWS Disbursements 186 242 18 0 0 0 0 0 Long-term debt 186 242 18 0 0 0 0 0 IMF purchases 0 0 0 0 0 0 0 0 Principal repayments 1,066 70 121 110 165 164 144 130 Long-term debt 1,066 70 121 110 165 164 144 130 IMF repurchases 0 0 0 0 0 0 0 0 Net flows on debt -672 483 -708 -1,009 -965 -404 -263 -87 of which short-term debt 208 311 -605 -900 -800 -240 -119 43 Interest payments (INT) 123 199 222 109 95 71 61 57 Long-term debt 41 60 102 49 55 49 42 37 IMF charges 0 0 0 0 0 0 0 0 Short-term debt 82 139 120 60 40 22 19 21 Net transfers on debt -795 284 -930 -1,118 -1,060 -475 -324 -144 Total debt service paid (TDS) 1,189 269 343 218 260 235 205 187 Long-term debt 1,107 130 223 158 220 213 186 166 IMF repurchases and charges 0 0 0 0 0 0 0 0 Short-term debt (interest only) 82 139 120 60 40 22 19 21 2. OTHER NET RESOURCE FLOWS (LONG-TERM) Net flow of long-term debt (ex. IMF) -880 172 -103 -109 -165 -164 -144 -130 Foreign direct investment (net) 71 100 270 115 160 275 500 600 Portfolio equity flows 0 0 0 0 0 0 0 0 Grants (excluding technical coop.) 621 70 59 73 83 96 89 95 of which: Debt forgiveness grants .. .. 0 0 2 0 0 0 IDA grants .. .. .. 0 0 0 0 0 Memo: technical coop. grants 31 82 42 46 59 67 77 91 Interest on long-term debt 41 60 102 49 55 49 42 37 Profit remittances on FDI 0 0 0 0 0 1,073 1,220 1,288 3. MAJOR ECONOMIC AGGREGATES Gross national income (GNI) 11,955 11,591 18,446 20,657 21,540 23,745 27,340 32,472 Exports of goods, serv. & inc. (XGS) 5,460 6,201 7,190 8,477 8,118 10,909 12,670 14,367 Worker remit. & comp. of employees 385 339 180 135 889 855 823 795 Imports of goods & services (MGS) 3,786 6,545 6,614 7,516 7,375 10,306 12,359 13,242 International reserves (RES) .. .. .. .. .. .. .. .. Current account balance 1,762 263 1,061 1,440 752 592 299 920 4. DEBT INDICATORS EDT / XGS (%) 316.1 345.3 301.2 235.5 237.3 174.0 51.4 45.3 EDT / GNI (%) 144.4 184.8 117.4 96.7 89.4 79.9 23.8 20.0 TDS / XGS (%) 21.8 4.3 4.8 2.6 3.2 2.2 1.6 1.3 INT / XGS (%) 2.3 3.2 3.1 1.3 1.2 0.6 0.5 0.4 INT / GNI (%) 1.0 1.7 1.2 0.5 0.4 0.3 0.2 0.2 RES / EDT (%) .. .. .. .. .. .. .. .. RES / MGS (months) .. .. .. .. .. .. .. .. Short-term / EDT (%) 12.5 21.3 26.4 20.6 17.7 17.1 13.3 14.2 Concessional / EDT (%) 76.1 70.4 68.4 73.8 76.4 76.9 70.2 68.9 Multilateral / EDT (%) 5.2 5.0 2.7 2.6 2.5 2.2 5.8 5.4 375 SYRIAN ARAB REPUBLIC (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 5. LONG-TERM DEBT DEBT OUTSTANDING (LDOD) 15,108 16,853 15,930 15,849 15,848 15,742 5,640 5,576 Public and publicly guaranteed 15,108 16,853 15,930 15,849 15,848 15,742 5,640 5,576 Official creditors 13,830 15,646 14,862 14,766 14,739 14,620 4,583 4,495 Multilateral 901 1,077 575 518 475 424 381 350 Concessional 205 517 528 489 455 412 369 338 Bilateral 12,930 14,569 14,287 14,248 14,264 14,196 4,203 4,145 Concessional 12,929 14,567 14,286 14,246 14,262 14,193 4,201 4,143 Private creditors 1,277 1,207 1,068 1,082 1,109 1,122 1,057 1,082 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 Commercial banks and other 0 0 0 0 0 0 0 0 Memo: IBRD 479 428 25 11 4 0 0 0 IDA 44 44 30 27 25 24 22 21 Public sector LDOD 15,107 16,853 15,929 15,848 15,847 15,742 5,640 5,576 Private sector LDOD 0 0 0 0 0 0 0 0 DISBURSEMENTS 186 242 18 0 0 0 0 0 Public and publicly guaranteed 186 242 18 0 0 0 0 0 Official creditors 157 242 18 0 0 0 0 0 Multilateral 29 123 12 0 0 0 0 0 Concessional 8 122 12 0 0 0 0 0 Bilateral 128 118 6 0 0 0 0 0 Concessional 128 118 6 0 0 0 0 0 Private creditors 28 0 0 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 Commercial banks and other 0 0 0 0 0 0 0 0 Memo: IBRD 0 0 0 0 0 0 0 0 IDA 0 0 0 0 0 0 0 0 PRINCIPAL REPAYMENTS 1,066 70 121 110 165 164 144 130 Public and publicly guaranteed 1,066 70 121 110 165 164 144 130 Official creditors 1,029 64 117 108 161 160 141 129 Multilateral 24 48 70 57 56 53 42 36 Concessional 8 17 44 46 44 45 42 36 Bilateral 1,005 16 48 51 105 106 98 92 Concessional 1,005 16 48 51 105 106 98 92 Private creditors 37 5 4 1 4 4 3 1 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 Commercial banks and other 0 0 0 0 0 0 0 0 Memo: IBRD 1 13 14 6 8 4 0 0 IDA 2 0 1 1 1 1 1 1 INTEREST PAYMENTS (LINT) 41 60 102 49 55 49 42 37 Public and publicly guaranteed 41 60 102 49 55 49 42 37 Official creditors 32 58 102 48 54 49 42 36 Multilateral 14 38 82 31 21 18 16 14 Concessional 5 20 23 21 20 18 16 14 Bilateral 18 20 20 17 34 31 26 23 Concessional 18 20 20 17 34 31 26 23 Private creditors 9 2 0 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 Commercial banks and other 0 0 0 0 0 0 0 0 Memo: IBRD 1 12 57 9 1 0 0 0 IDA 1 0 0 0 0 0 0 0 376 SYRIAN ARAB REPUBLIC (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 6. CURRENCY COMPOSITION OF PUBLIC AND PUBLICLY GUARANTEED DEBT (PERCENT) Euro .. .. .. 2.6 3.0 3.0 7.0 7.5 Japanese yen 1.8 3.5 3.1 2.9 3.0 2.9 6.6 6.2 Pound sterling 0.6 1.0 0.6 0.7 0.7 0.8 1.9 2.2 Swiss franc 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 U.S.dollars 86.2 81.9 86.1 86.5 86.4 86.9 68.7 69.3 7. DEBT RESTRUCTURINGS Total amount rescheduled 0 0 0 0 0 0 0 0 Debt stock rescheduled 0 0 0 0 0 0 0 0 Principal rescheduled 0 0 0 0 0 0 0 0 Official 0 0 0 0 0 0 0 0 Private 0 0 0 0 0 0 0 0 Interest rescheduled 0 0 0 0 0 0 0 0 Official 0 0 0 0 0 0 0 0 Private 0 0 0 0 0 0 0 0 Debt forgiven 0 0 0 0 0 0 0 0 Memo: interest forgiven 0 0 0 0 0 0 0 0 Debt stock reduction 0 0 0 0 0 0 9,832 0 of which debt buyback 0 0 0 0 0 0 0 0 8. DEBT STOCK-FLOW RECONCILIATION Total change in debt stocks -342 768 -712 -775 -700 -285 -12,472 -7 Net flows on debt -672 483 -708 -1,009 -965 -404 -263 -87 Cross-currency valuation 157 57 -112 149 167 60 -128 66 9. AVERAGE TERMS OF NEW COMMITMENTS ALL CREDITORS Interest (%) 3.7 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Maturity (years) 22.7 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Grace period (years) 6.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Grant element (%) 43.6 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Official creditors Interest (%) 3.8 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Maturity (years) 23.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Grace period (years) 6.2 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Grant element (%) 43.9 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private creditors Interest (%) 3.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Maturity (years) 12.8 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Grace period (years) 3.6 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Grant element (%) 36.3 0.0 0.0 0.0 0.0 0.0 0.0 0.0 10. CONTRACTUAL OBLIGATIONS ON OUTSTANDING LONG-TERM DEBT 2007 2008 2009 2010 2011 2012 2013 2014 TOTAL Principal 125 116 109 107 101 91 78 56 Interest 32 27 23 19 14 11 7 5 Official creditors Principal 125 116 109 107 101 91 78 56 Interest 32 27 23 19 14 11 7 5 Bilateral creditors Principal 89 79 73 71 67 57 49 33 Interest 20 16 14 11 8 6 4 3 Multilateral creditors Principal 36 36 36 36 34 34 29 22 Interest 12 11 9 8 6 4 3 2 Private creditors Principal 0 0 0 0 0 0 0 0 Interest 0 0 0 0 0 0 0 0 Notes: Data on long-term public and publicly guaranteed debt for 2006 are estimates based on the original terms of the loans and include only civilian debt. 377 TAJIKISTAN (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 1. SUMMARY DEBT DATA TOTAL DEBT STOCKS (EDT) .. 634 1,034 1,142 1,152 993 1,034 1,154 Long-term debt (LDOD) .. 590 846 988 971 787 823 1,015 Public and publicly guaranteed .. 590 755 901 912 758 797 982 Private nonguaranteed .. 0 91 87 59 29 26 33 Use of IMF credit .. 0 111 94 100 122 127 44 Short-term debt .. 43 77 60 81 83 84 95 of which interest arrears on LDOD .. 43 45 9 2 0 2 2 Official creditors .. 37 23 3 0 0 2 2 Private creditors .. 6 22 6 2 0 0 0 Memorandum items Principal arrears on LDOD .. 142 121 87 28 17 36 27 Official creditors .. 120 70 58 24 13 30 24 Private creditors .. 22 51 30 4 4 6 3 TOTAL DEBT FLOWS Disbursements .. 28 62 34 69 130 150 220 Long-term debt .. 28 37 24 58 101 121 206 IMF purchases .. 0 25 10 11 29 29 14 Principal repayments .. 0 37 79 66 74 66 86 Long-term debt .. 0 28 45 51 62 52 86 IMF repurchases .. 0 10 34 15 12 14 0 Net flows on debt .. 28 -4 -46 31 60 84 146 of which short-term debt .. 0 -29 -1 28 4 -1 11 Interest payments (INT) .. 0 25 17 16 25 14 51 Long-term debt .. 0 21 15 15 22 11 47 IMF charges .. 0 2 1 0 1 1 0 Short-term debt .. 0 2 1 1 2 3 4 Net transfers on debt .. 28 -30 -63 15 35 69 94 Total debt service paid (TDS) .. 0 63 96 82 99 80 137 Long-term debt .. 0 49 60 66 84 62 132 IMF repurchases and charges .. 0 12 35 16 13 15 0 Short-term debt (interest only) .. 0 2 1 1 2 3 4 2. OTHER NET RESOURCE FLOWS (LONG-TERM) Net flow of long-term debt (ex. IMF) .. 28 9 -21 7 39 69 120 Foreign direct investment (net) .. 10 24 36 32 272 54 339 Portfolio equity flows .. 0 0 2 0 0 0 0 Grants (excluding technical coop.) .. 54 50 104 79 85 106 116 of which: Debt forgiveness grants .. .. 0 0 0 0 0 0 IDA grants .. .. .. 0 0 0 2 18 Memo: technical coop. grants .. 12 14 52 38 51 56 50 Interest on long-term debt .. 0 21 15 15 22 11 47 Profit remittances on FDI .. 0 0 0 1 1 2 46 3. MAJOR ECONOMIC AGGREGATES Gross national income (GNI) .. 1,183 901 1,181 1,464 1,999 2,237 2,718 Exports of goods, serv. & inc. (XGS) .. .. .. 848 1,142 1,474 1,729 2,673 Worker remit. & comp. of employees .. 0 0 79 146 252 466 1,019 Imports of goods & services (MGS) .. .. .. 970 1,218 1,504 1,733 2,425 International reserves (RES) .. .. 94 90 118 172 189 204 Current account balance .. .. .. -15 -5 -57 -19 -21 4. DEBT INDICATORS EDT / XGS (%) .. .. .. 134.7 100.9 67.4 59.8 43.2 EDT / GNI (%) .. 53.6 114.8 96.6 78.7 49.6 46.2 42.5 TDS / XGS (%) .. .. .. 11.3 7.2 6.7 4.6 5.1 INT / XGS (%) .. .. .. 2.0 1.4 1.7 0.8 1.9 INT / GNI (%) .. .. 2.8 1.4 1.1 1.2 0.6 1.9 RES / EDT (%) .. .. 9.1 7.8 10.2 17.3 18.3 17.7 RES / MGS (months) .. .. .. 1.1 1.2 1.4 1.3 1.0 Short-term / EDT (%) .. 6.8 7.5 5.3 7.0 8.4 8.1 8.2 Concessional / EDT (%) .. 3.3 65.3 68.7 74.9 72.8 73.6 82.5 Multilateral / EDT (%) .. 0.0 18.0 26.8 33.7 50.0 50.7 54.6 378 TAJIKISTAN (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 5. LONG-TERM DEBT DEBT OUTSTANDING (LDOD) .. 590 846 988 971 787 823 1,015 Public and publicly guaranteed .. 590 755 901 912 758 797 982 Official creditors .. 522 704 851 901 747 786 977 Multilateral .. 0 186 306 388 496 524 630 Concessional .. 0 185 303 372 480 508 614 Bilateral .. 522 518 545 513 252 262 347 Concessional .. 21 490 481 490 242 253 338 Private creditors .. 68 51 50 10 11 11 5 of which: Bonds .. 0 0 0 0 0 0 0 Commercial banks .. 68 51 39 0 0 0 0 Private nonguaranteed .. 0 91 87 59 29 26 33 Bonds .. 0 0 0 0 0 0 0 Commercial banks and other .. 0 91 87 59 29 26 33 Memo: IBRD .. 0 0 0 0 0 0 0 IDA .. 0 143 195 228 296 308 339 Public sector LDOD .. 590 755 894 905 751 791 978 Private sector LDOD .. 0 91 94 66 36 32 36 DISBURSEMENTS .. 28 37 24 58 101 121 206 Public and publicly guaranteed .. 28 36 24 58 98 118 195 Official creditors .. 28 36 24 58 98 118 195 Multilateral .. 0 36 24 51 88 76 77 Concessional .. 0 35 24 37 86 72 76 Bilateral .. 28 0 0 8 9 42 118 Concessional .. 1 0 0 8 9 42 118 Private creditors .. 0 0 0 0 0 0 0 of which: Bonds .. 0 0 0 0 0 0 0 Commercial banks .. 0 0 0 0 0 0 0 Private nonguaranteed .. 0 1 0 0 4 3 11 Bonds .. 0 0 0 0 0 0 0 Commercial banks and other .. 0 1 0 0 4 3 11 Memo: IBRD .. 0 0 0 0 0 0 0 IDA .. 0 23 10 13 55 35 16 PRINCIPAL REPAYMENTS .. 0 28 45 51 62 52 86 Public and publicly guaranteed .. 0 15 24 27 36 46 81 Official creditors .. 0 15 24 11 35 46 78 Multilateral .. 0 0 8 2 2 14 7 Concessional .. 0 0 8 2 0 11 4 Bilateral .. 0 15 17 9 34 32 71 Concessional .. 0 15 17 3 32 32 71 Private creditors .. 0 0 0 16 1 0 3 of which: Bonds .. 0 0 0 0 0 0 0 Commercial banks .. 0 0 0 15 0 0 0 Private nonguaranteed .. 0 12 20 24 26 5 4 Bonds .. 0 0 0 0 0 0 0 Commercial banks and other .. 0 12 20 24 26 5 4 Memo: IBRD .. 0 0 0 0 0 0 0 IDA .. 0 0 0 0 0 0 0 INTEREST PAYMENTS (LINT) .. 0 21 15 15 22 11 47 Public and publicly guaranteed .. 0 7 10 11 20 9 45 Official creditors .. 0 4 7 10 20 9 43 Multilateral .. 0 1 4 4 5 6 16 Concessional .. 0 1 4 4 4 5 14 Bilateral .. 0 3 3 7 15 3 27 Concessional .. 0 3 3 4 15 3 27 Private creditors .. 0 4 3 1 0 0 2 of which: Bonds .. 0 0 0 0 0 0 0 Commercial banks .. 0 4 2 0 0 0 0 Private nonguaranteed .. 0 14 5 4 2 1 2 Bonds .. 0 0 0 0 0 0 0 Commercial banks and other .. 0 14 5 4 2 1 2 Memo: IBRD .. 0 0 0 0 0 0 0 IDA .. 0 1 1 2 2 2 3 379 TAJIKISTAN (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 6. CURRENCY COMPOSITION OF PUBLIC AND PUBLICLY GUARANTEED DEBT (PERCENT) Euro .. .. .. 6.0 7.0 9.0 6.3 5.1 Japanese yen .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Pound sterling .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Swiss franc .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 U.S.dollars .. 97.0 97.9 91.4 89.5 85.0 85.3 82.3 7. DEBT RESTRUCTURINGS Total amount rescheduled .. 0 0 0 3 0 0 0 Debt stock rescheduled .. 0 0 0 4 0 0 0 Principal rescheduled .. 0 0 0 0 0 0 0 Official .. 0 0 0 0 0 0 0 Private .. 0 0 0 0 0 0 0 Interest rescheduled .. 0 0 0 0 0 0 0 Official .. 0 0 0 0 0 0 0 Private .. 0 0 0 0 0 0 0 Debt forgiven .. 0 2 0 0 13 0 0 Memo: interest forgiven .. 0 0 0 0 0 0 0 Debt stock reduction .. 0 0 0 0 242 0 0 of which debt buyback .. 0 0 0 0 0 0 0 8. DEBT STOCK-FLOW RECONCILIATION Total change in debt stocks .. 53 -241 83 10 -159 41 120 Net flows on debt .. 28 -4 -46 31 60 84 146 Cross-currency valuation .. -4 -12 34 44 26 -50 32 9. AVERAGE TERMS OF NEW COMMITMENTS ALL CREDITORS Interest (%) .. 0.0 3.8 1.1 1.5 1.5 0.7 2.0 Maturity (years) .. 0.0 26.4 34.2 26.4 29.6 29.5 20.7 Grace period (years) .. 0.0 6.7 9.0 6.8 6.8 7.8 5.3 Grant element (%) .. 0.0 48.0 73.5 62.0 65.9 72.7 54.4 Official creditors Interest (%) .. 0.0 3.8 1.1 1.5 1.5 0.7 2.0 Maturity (years) .. 0.0 26.4 34.2 26.4 29.6 29.5 20.7 Grace period (years) .. 0.0 6.7 9.0 6.8 6.8 7.8 5.3 Grant element (%) .. 0.0 48.0 73.5 62.0 65.9 72.7 54.4 Private creditors Interest (%) .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Maturity (years) .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Grace period (years) .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Grant element (%) .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 10. CONTRACTUAL OBLIGATIONS ON OUTSTANDING LONG-TERM DEBT 2007 2008 2009 2010 2011 2012 2013 2014 TOTAL Principal 58 68 72 72 86 95 97 97 Interest 21 22 23 24 23 23 21 19 Official creditors Principal 52 59 64 66 84 93 97 96 Interest 19 21 22 23 23 22 21 19 Bilateral creditors Principal 45 47 48 48 63 55 55 54 Interest 9 11 12 13 13 13 12 12 Multilateral creditors Principal 7 12 16 18 21 38 41 43 Interest 10 10 10 10 10 9 8 8 Private creditors Principal 6 10 8 5 2 2 1 0 Interest 2 1 1 1 0 0 0 0 Notes: Tajikistan was granted debt relief effective in 2006 under the Multilateral Debt Relief Initiative. Private nonguaranteed debt data are World Bank staff estimates. A debt for asset swap was signed in October 2004 by Tajikistan and Russia involving US$242 million of Tajikistan's debt. 380 TANZANIA (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 1. SUMMARY DEBT DATA TOTAL DEBT STOCKS (EDT) 6,454 7,421 6,931 6,842 6,991 7,805 7,796 4,240 Long-term debt (LDOD) 5,794 6,261 5,760 5,740 5,739 6,238 6,228 2,935 Public and publicly guaranteed 5,782 6,217 5,732 5,721 5,724 6,227 6,220 2,929 Private nonguaranteed 12 44 28 20 16 12 9 6 Use of IMF credit 140 197 324 400 437 423 342 13 Short-term debt 520 963 848 702 814 1,144 1,225 1,293 of which interest arrears on LDOD 404 904 645 541 657 815 798 890 Official creditors 280 734 471 505 610 756 740 818 Private creditors 124 170 174 36 47 59 59 72 Memorandum items Principal arrears on LDOD 824 1,508 705 628 682 720 713 719 Official creditors 628 1,220 542 571 621 657 648 657 Private creditors 196 288 164 58 61 63 65 62 TOTAL DEBT FLOWS Disbursements 325 262 261 240 501 426 489 594 Long-term debt 296 262 208 188 476 418 481 590 IMF purchases 29 0 53 52 25 8 8 4 Principal repayments 118 146 108 66 52 67 82 65 Long-term debt 89 127 98 61 44 43 35 65 IMF repurchases 28 19 10 5 7 25 46 0 Net flows on debt 223 94 197 215 445 531 505 506 of which short-term debt 16 -22 44 41 -4 172 98 -24 Interest payments (INT) 62 86 64 43 40 52 50 48 Long-term debt 47 82 52 35 33 43 40 36 IMF charges 6 1 2 2 2 2 1 0 Short-term debt 9 4 10 6 5 7 9 12 Net transfers on debt 162 8 134 172 405 479 455 457 Total debt service paid (TDS) 179 232 171 108 92 120 132 113 Long-term debt 136 208 150 96 77 86 75 101 IMF repurchases and charges 34 21 12 7 9 27 48 0 Short-term debt (interest only) 9 4 10 6 5 7 9 12 2. OTHER NET RESOURCE FLOWS (LONG-TERM) Net flow of long-term debt (ex. IMF) 207 135 111 127 431 375 445 526 Foreign direct investment (net) 0 120 463 388 308 331 448 474 Portfolio equity flows 0 0 0 2 3 2 3 3 Grants (excluding technical coop.) 677 451 730 923 1,012 1,331 1,011 4,917 of which: Debt forgiveness grants .. .. 460 335 123 276 57 3,827 IDA grants .. .. .. 0 35 143 13 14 Memo: technical coop. grants 208 265 150 178 158 180 181 211 Interest on long-term debt 47 82 52 35 33 43 40 36 Profit remittances on FDI 0 2 13 59 60 58 66 66 3. MAJOR ECONOMIC AGGREGATES Gross national income (GNI) 4,072 5,131 8,959 9,579 10,135 11,153 12,383 12,624 Exports of goods, serv. & inc. (XGS) 544 1,297 1,341 1,973 2,253 2,692 3,034 3,295 Worker remit. & comp. of employees 0 1 8 12 9 11 18 15 Imports of goods & services (MGS) 1,665 2,281 2,230 2,301 2,895 3,658 4,403 5,279 International reserves (RES) 193 270 974 1,529 2,038 2,296 2,049 2,259 Current account balance -559 -590 -499 84 -88 -383 -881 -1,442 4. DEBT INDICATORS EDT / XGS (%) 1,185.8 572.2 516.9 346.8 310.3 290.0 257.0 128.7 EDT / GNI (%) 158.5 144.6 77.4 71.4 69.0 70.0 63.0 33.6 TDS / XGS (%) 32.9 17.9 12.8 5.5 4.1 4.4 4.3 3.4 INT / XGS (%) 11.3 6.6 4.7 2.2 1.8 1.9 1.7 1.5 INT / GNI (%) 1.5 1.7 0.7 0.4 0.4 0.5 0.4 0.4 RES / EDT (%) 3.0 3.6 14.1 22.3 29.2 29.4 26.3 53.3 RES / MGS (months) 1.4 1.4 5.2 8.0 8.4 7.5 5.6 5.1 Short-term / EDT (%) 8.1 13.0 12.2 10.3 11.6 14.7 15.7 30.5 Concessional / EDT (%) 53.5 60.0 72.2 76.3 76.7 75.0 74.8 59.6 Multilateral / EDT (%) 30.6 37.6 47.1 52.2 61.0 61.2 61.7 34.8 381 TANZANIA (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 5. LONG-TERM DEBT DEBT OUTSTANDING (LDOD) 5,794 6,261 5,760 5,740 5,739 6,238 6,228 2,935 Public and publicly guaranteed 5,782 6,217 5,732 5,721 5,724 6,227 6,220 2,929 Official creditors 5,295 5,796 5,526 5,647 5,632 6,133 6,100 2,821 Multilateral 1,976 2,791 3,267 3,570 4,263 4,778 4,814 1,476 Concessional 1,619 2,603 3,209 3,542 4,238 4,749 4,783 1,422 Bilateral 3,320 3,005 2,259 2,077 1,369 1,355 1,286 1,346 Concessional 1,832 1,848 1,797 1,679 1,121 1,107 1,047 1,105 Private creditors 487 421 206 73 92 93 120 107 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 83 73 80 17 38 39 60 37 Private nonguaranteed 12 44 28 20 16 12 9 6 Bonds 0 0 0 0 0 0 0 0 Commercial banks and other 12 44 28 20 16 12 9 6 Memo: IBRD 243 87 11 6 3 0 0 0 IDA 1,250 2,182 2,593 2,869 3,474 3,916 3,861 1,056 Public sector LDOD 5,725 6,119 5,679 5,693 5,722 6,227 6,218 2,924 Private sector LDOD 70 141 80 48 17 12 10 10 DISBURSEMENTS 296 262 208 188 476 418 481 590 Public and publicly guaranteed 296 261 208 188 476 418 481 590 Official creditors 279 220 203 188 456 418 450 580 Multilateral 200 187 185 188 452 418 443 519 Concessional 187 173 185 188 452 406 434 497 Bilateral 80 33 18 0 4 0 7 61 Concessional 50 28 18 0 4 0 7 61 Private creditors 17 40 5 0 20 0 30 10 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 4 5 5 0 20 0 23 4 Private nonguaranteed 0 1 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 Commercial banks and other 0 1 0 0 0 0 0 0 Memo: IBRD 0 0 0 0 0 0 0 0 IDA 186 160 142 148 397 343 275 416 PRINCIPAL REPAYMENTS 89 127 98 61 44 43 35 65 Public and publicly guaranteed 89 122 94 57 41 39 32 62 Official creditors 77 100 77 39 41 39 32 55 Multilateral 45 78 29 22 21 29 26 49 Concessional 13 23 18 14 14 20 24 46 Bilateral 33 21 47 17 20 10 6 7 Concessional 24 14 34 8 16 10 3 6 Private creditors 12 22 17 18 1 0 0 7 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 1 0 0 0 2 Private nonguaranteed 0 5 4 4 3 4 3 3 Bonds 0 0 0 0 0 0 0 0 Commercial banks and other 0 5 4 4 3 4 3 3 Memo: IBRD 26 34 4 2 3 3 0 0 IDA 6 12 9 5 9 13 15 31 INTEREST PAYMENTS (LINT) 47 82 52 35 33 43 40 36 Public and publicly guaranteed 47 80 51 35 32 42 39 36 Official creditors 44 77 49 34 32 42 39 34 Multilateral 27 56 23 23 26 36 38 29 Concessional 9 18 19 22 26 34 37 28 Bilateral 17 20 26 11 6 6 2 5 Concessional 11 11 17 4 5 6 1 2 Private creditors 3 3 2 1 0 0 0 2 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 2 Private nonguaranteed 0 1 1 1 1 0 0 0 Bonds 0 0 0 0 0 0 0 0 Commercial banks and other 0 1 1 1 1 0 0 0 Memo: IBRD 17 8 1 1 0 0 0 0 IDA 8 16 15 17 20 28 30 20 382 TANZANIA (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 6. CURRENCY COMPOSITION OF PUBLIC AND PUBLICLY GUARANTEED DEBT (PERCENT) Euro .. .. .. 5.9 1.9 1.9 2.2 5.9 Japanese yen 8.5 10.9 8.3 7.8 8.8 8.2 7.2 15.2 Pound sterling 11.7 10.2 9.2 8.5 6.0 5.3 4.9 0.6 Swiss franc 0.6 0.1 0.0 0.0 0.0 0.0 0.0 0.1 U.S.dollars 35.7 39.0 50.3 52.3 56.1 56.5 53.6 34.2 7. DEBT RESTRUCTURINGS Total amount rescheduled 183 0 342 76 38 0 0 0 Debt stock rescheduled 0 0 0 0 0 0 0 0 Principal rescheduled 59 0 243 13 4 0 0 0 Official 35 0 237 13 4 0 0 0 Private 24 0 7 0 0 0 0 0 Interest rescheduled 96 0 88 4 0 0 0 0 Official 91 0 88 4 0 0 0 0 Private 5 0 0 0 0 0 0 0 Debt forgiven 102 140 381 87 131 62 56 80 Memo: interest forgiven 10 0 189 20 3 3 3 8 Debt stock reduction 0 0 3 0 617 1 0 3,953 of which debt buyback 0 0 0 0 0 0 0 0 8. DEBT STOCK-FLOW RECONCILIATION Total change in debt stocks 601 175 -724 597 149 814 -9 -3,556 Net flows on debt 223 94 197 215 445 531 505 506 Cross-currency valuation 118 -136 -286 311 402 148 -414 -3,940 9. AVERAGE TERMS OF NEW COMMITMENTS ALL CREDITORS Interest (%) 1.1 1.7 0.9 0.6 0.8 0.9 1.2 0.8 Maturity (years) 34.9 17.0 38.2 37.4 40.6 38.8 37.5 42.0 Grace period (years) 9.3 5.8 9.8 9.5 10.3 9.5 9.1 10.0 Grant element (%) 72.5 47.7 78.2 78.0 79.9 77.3 74.2 80.7 Official creditors Interest (%) 1.1 1.7 0.8 0.6 0.8 0.8 1.2 0.8 Maturity (years) 35.3 22.3 39.0 37.4 41.2 40.2 38.0 42.0 Grace period (years) 9.4 7.4 10.1 9.5 10.3 9.9 9.2 10.0 Grant element (%) 72.9 60.5 79.6 78.2 81.0 79.7 74.9 80.7 Private creditors Interest (%) 2.5 1.9 2.5 6.0 3.0 3.2 3.2 0.0 Maturity (years) 13.3 3.7 23.8 3.3 26.8 11.7 6.2 0.0 Grace period (years) 6.8 1.6 4.3 1.0 9.3 2.5 1.0 0.0 Grant element (%) 47.7 15.4 51.7 6.9 55.2 32.4 15.0 0.0 10. CONTRACTUAL OBLIGATIONS ON OUTSTANDING LONG-TERM DEBT 2007 2008 2009 2010 2011 2012 2013 2014 TOTAL Principal 74 74 76 71 71 79 70 74 Interest 44 46 46 45 45 44 44 43 Official creditors Principal 67 66 69 65 66 74 65 69 Interest 41 43 43 43 43 43 42 42 Bilateral creditors Principal 48 47 46 35 31 34 24 22 Interest 24 24 24 23 23 22 22 21 Multilateral creditors Principal 19 19 23 30 34 40 41 47 Interest 17 19 19 20 20 21 21 20 Private creditors Principal 8 8 7 6 6 5 5 5 Interest 3 3 3 2 2 2 1 1 Notes: Tanzania was granted debt relief effective in 2006 under the Multilateral Debt Relief Initiative. Data on long-term public and publicly guaranteed debt for 2006 are based on report submitted by the country and World Bank staff estimates. Long-term private nonguaranteed debt data are World Bank staff estimates. 383 THAILAND (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 1. SUMMARY DEBT DATA TOTAL DEBT STOCKS (EDT) 28,094 100,039 79,720 59,381 51,793 51,292 51,625 55,233 Long-term debt (LDOD) 19,771 55,944 61,778 47,071 40,837 39,804 35,611 37,421 Public and publicly guaranteed 12,460 16,826 29,463 22,534 17,712 15,308 13,842 11,914 Private nonguaranteed 7,311 39,117 32,316 24,537 23,125 24,496 21,769 25,507 Use of IMF credit 1 0 3,062 391 0 0 0 0 Short-term debt 8,322 44,095 14,880 11,919 10,956 11,488 16,014 17,812 of which interest arrears on LDOD 0 0 0 0 0 0 0 0 Official creditors 0 0 0 0 0 0 0 0 Private creditors 0 0 0 0 0 0 0 0 Memorandum items Principal arrears on LDOD 0 0 0 0 0 0 0 0 Official creditors 0 0 0 0 0 0 0 0 Private creditors 0 0 0 0 0 0 0 0 TOTAL DEBT FLOWS Disbursements 4,569 10,715 4,031 8,523 6,463 8,786 16,665 13,808 Long-term debt 4,569 10,715 4,031 8,523 6,463 8,786 16,665 13,808 IMF purchases 0 0 0 0 0 0 0 0 Principal repayments 3,264 4,398 9,142 17,171 12,962 10,797 16,472 12,816 Long-term debt 2,983 4,398 8,945 15,811 12,559 10,797 16,472 12,816 IMF repurchases 281 0 198 1,360 402 0 0 0 Net flows on debt 3,515 21,233 -13,649 -9,952 -7,462 -1,479 4,719 2,791 of which short-term debt 2,210 14,916 -8,538 -1,304 -963 532 4,526 1,798 Interest payments (INT) 2,026 4,189 4,849 2,549 2,107 1,654 1,586 1,870 Long-term debt 1,355 2,646 3,776 2,094 1,719 1,269 1,083 1,109 IMF charges 21 0 168 37 5 0 0 0 Short-term debt 650 1,543 905 419 382 384 503 761 Net transfers on debt 1,489 17,044 -18,498 -12,501 -9,569 -3,133 3,133 920 Total debt service paid (TDS) 5,290 8,586 13,991 19,720 15,068 12,451 18,058 14,686 Long-term debt 4,338 7,044 12,721 17,905 14,279 12,067 17,555 13,925 IMF repurchases and charges 302 0 366 1,396 408 0 0 0 Short-term debt (interest only) 650 1,543 905 419 382 384 503 761 2. OTHER NET RESOURCE FLOWS (LONG-TERM) Net flow of long-term debt (ex. IMF) 1,586 6,317 -4,913 -7,288 -6,097 -2,011 193 993 Foreign direct investment (net) 2,444 2,068 3,366 3,335 5,235 5,862 8,048 9,010 Portfolio equity flows 440 2,123 901 539 1,787 1,319 5,665 5,300 Grants (excluding technical coop.) 193 99 38 51 57 84 112 119 of which: Debt forgiveness grants .. .. 0 0 0 0 0 0 IDA grants .. .. .. 0 0 0 0 0 Memo: technical coop. grants 230 267 197 178 170 159 154 204 Interest on long-term debt 1,355 2,646 3,776 2,094 1,719 1,269 1,083 1,109 Profit remittances on FDI 312 0 0 2,388 3,316 4,223 4,501 4,165 3. MAJOR ECONOMIC AGGREGATES Gross national income (GNI) 84,272 165,160 120,809 124,814 139,964 158,211 171,996 202,122 Exports of goods, serv. & inc. (XGS) 31,289 74,093 85,997 84,864 97,032 117,263 133,002 156,718 Worker remit. & comp. of employees 973 1,695 1,697 1,380 1,607 1,622 1,187 1,333 Imports of goods & services (MGS) 38,783 88,161 77,269 80,813 93,201 116,635 143,928 157,911 International reserves (RES) 14,258 36,939 32,665 38,903 42,162 49,847 52,076 67,008 Current account balance -7,281 -13,582 9,313 4,654 4,772 2,759 -7,923 2,175 4. DEBT INDICATORS EDT / XGS (%) 89.8 135.0 92.7 70.0 53.4 43.7 38.8 35.2 EDT / GNI (%) 33.3 60.6 66.0 47.6 37.0 32.4 30.0 27.3 TDS / XGS (%) 16.9 11.6 16.3 23.2 15.5 10.6 13.6 9.4 INT / XGS (%) 6.5 5.7 5.6 3.0 2.2 1.4 1.2 1.2 INT / GNI (%) 2.4 2.5 4.0 2.0 1.5 1.0 0.9 0.9 RES / EDT (%) 50.8 36.9 41.0 65.5 81.4 97.2 100.9 121.3 RES / MGS (months) 4.4 5.0 5.1 5.8 5.4 5.1 4.3 5.1 Short-term / EDT (%) 29.6 44.1 18.7 20.1 21.2 22.4 31.0 32.2 Concessional / EDT (%) 15.2 7.1 11.5 16.6 18.6 17.6 14.2 12.3 Multilateral / EDT (%) 13.2 3.2 6.7 5.8 5.8 2.6 1.6 1.1 384 THAILAND (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 5. LONG-TERM DEBT DEBT OUTSTANDING (LDOD) 19,771 55,944 61,778 47,071 40,837 39,804 35,611 37,421 Public and publicly guaranteed 12,460 16,826 29,463 22,534 17,712 15,308 13,842 11,914 Official creditors 8,283 11,187 20,820 16,241 13,115 10,727 8,079 7,353 Multilateral 3,716 3,206 5,330 3,452 3,020 1,310 819 632 Concessional 247 291 212 185 181 170 154 145 Bilateral 4,567 7,981 15,489 12,789 10,095 9,416 7,260 6,720 Concessional 4,034 6,845 8,980 9,649 9,433 8,834 7,203 6,667 Private creditors 4,177 5,639 8,643 6,293 4,596 4,581 5,763 4,562 of which: Bonds 738 1,574 2,630 2,142 2,308 3,557 4,236 3,046 Commercial banks 2,126 3,045 5,116 3,720 1,880 649 1,037 1,115 Private nonguaranteed 7,311 39,117 32,316 24,537 23,125 24,496 21,769 25,507 Bonds 40 7,375 8,414 6,263 4,639 3,997 4,385 3,535 Commercial banks and other 7,272 31,743 23,901 18,274 18,486 20,499 17,384 21,971 Memo: IBRD 2,421 1,805 2,940 2,346 2,098 483 386 336 IDA 109 102 90 83 79 76 73 69 Public sector LDOD 12,460 16,826 29,463 22,534 17,712 15,308 13,842 11,914 Private sector LDOD 7,311 39,117 32,316 24,537 23,125 24,496 21,769 25,507 DISBURSEMENTS 4,569 10,715 4,031 8,523 6,463 8,786 16,665 13,808 Public and publicly guaranteed 1,277 2,758 3,031 1,672 1,429 1,873 2,403 1,009 Official creditors 886 1,417 2,156 1,149 939 473 667 506 Multilateral 263 358 751 180 73 57 43 36 Concessional 2 17 0 0 0 0 0 0 Bilateral 624 1,059 1,405 969 867 416 623 469 Concessional 504 1,043 1,399 966 867 416 623 469 Private creditors 391 1,341 876 523 490 1,400 1,736 503 of which: Bonds 0 242 0 0 300 1,400 936 200 Commercial banks 110 1,088 455 519 190 0 600 300 Private nonguaranteed 3,292 7,956 1,000 6,851 5,033 6,913 14,262 12,799 Bonds 0 2,080 0 48 0 0 1,300 735 Commercial banks and other 3,292 5,876 1,000 6,803 5,033 6,913 12,962 12,064 Memo: IBRD 174 146 456 104 44 33 30 31 IDA 0 0 0 0 0 0 0 0 PRINCIPAL REPAYMENTS 2,983 4,398 8,945 15,811 12,559 10,797 16,472 12,816 Public and publicly guaranteed 2,393 1,888 3,010 6,547 6,460 4,172 2,716 2,782 Official creditors 788 925 1,666 5,335 5,047 3,123 2,321 1,206 Multilateral 438 360 753 2,231 515 1,770 528 224 Concessional 8 11 14 14 12 13 10 11 Bilateral 349 566 912 3,104 4,532 1,352 1,793 982 Concessional 102 447 623 608 1,917 1,256 1,300 975 Private creditors 1,605 962 1,344 1,212 1,413 1,050 396 1,576 of which: Bonds 87 199 174 300 192 163 172 1,386 Commercial banks 1,324 430 1,072 841 1,159 842 172 90 Private nonguaranteed 591 2,510 5,935 9,264 6,099 6,625 13,755 10,034 Bonds 0 0 1,044 758 1,637 640 908 1,585 Commercial banks and other 591 2,510 4,890 8,506 4,463 5,985 12,847 8,449 Memo: IBRD 207 201 181 800 294 1,648 128 81 IDA 1 2 3 3 3 3 3 3 INTEREST PAYMENTS (LINT) 1,355 2,646 3,776 2,094 1,719 1,269 1,083 1,109 Public and publicly guaranteed 874 874 1,577 1,070 858 736 446 451 Official creditors 442 521 1,008 745 608 469 233 190 Multilateral 284 218 350 344 205 259 54 36 Concessional 5 8 6 2 2 2 2 3 Bilateral 158 302 658 401 403 209 179 154 Concessional 110 224 252 209 228 193 167 152 Private creditors 432 353 569 325 250 267 213 261 of which: Bonds 46 97 193 142 124 212 158 189 Commercial banks 227 195 353 171 116 46 39 55 Private nonguaranteed 481 1,772 2,199 1,023 861 534 637 658 Bonds 2 222 476 325 283 220 286 268 Commercial banks and other 479 1,550 1,723 698 578 313 351 391 Memo: IBRD 188 135 178 191 150 219 29 21 IDA 1 1 1 1 1 1 1 1 385 THAILAND (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 6. CURRENCY COMPOSITION OF PUBLIC AND PUBLICLY GUARANTEED DEBT (PERCENT) Euro .. .. .. 1.7 2.2 2.5 2.0 2.4 Japanese yen 42.7 47.7 46.3 56.6 61.6 64.5 58.3 61.7 Pound sterling 0.4 0.2 0.1 0.1 0.1 0.1 0.1 0.1 Swiss franc 5.7 0.9 0.0 0.0 0.0 0.0 0.0 0.0 U.S.dollars 15.8 27.2 46.3 38.5 32.9 30.7 37.9 35.1 7. DEBT RESTRUCTURINGS Total amount rescheduled 0 0 0 0 0 0 0 0 Debt stock rescheduled 0 0 0 0 0 0 0 0 Principal rescheduled 0 0 0 0 0 0 0 0 Official 0 0 0 0 0 0 0 0 Private 0 0 0 0 0 0 0 0 Interest rescheduled 0 0 0 0 0 0 0 0 Official 0 0 0 0 0 0 0 0 Private 0 0 0 0 0 0 0 0 Debt forgiven 0 0 0 0 0 0 0 0 Memo: interest forgiven 0 0 0 0 0 0 0 0 Debt stock reduction 0 0 0 0 0 0 0 0 of which debt buyback 0 0 0 0 0 0 0 0 8. DEBT STOCK-FLOW RECONCILIATION Total change in debt stocks 4,606 34,505 -17,050 -7,810 -7,588 -501 334 3,608 Net flows on debt 3,515 21,233 -13,649 -9,952 -7,462 -1,479 4,719 2,791 Cross-currency valuation 1,024 -182 -1,966 1,482 1,662 351 -1,219 -30 9. AVERAGE TERMS OF NEW COMMITMENTS ALL CREDITORS Interest (%) 4.8 5.7 1.5 2.2 2.0 2.8 3.7 4.9 Maturity (years) 22.3 14.8 28.9 24.9 6.6 5.0 10.3 6.6 Grace period (years) 7.2 5.2 6.8 4.6 3.6 5.0 7.2 2.2 Grant element (%) 38.4 25.6 59.7 45.3 27.5 22.3 25.6 17.7 Official creditors Interest (%) 4.4 4.4 1.5 2.2 3.0 0.0 1.1 1.2 Maturity (years) 25.6 23.5 38.1 36.3 17.4 0.0 14.7 15.5 Grace period (years) 7.8 6.4 8.2 6.9 5.7 0.0 4.7 4.7 Grant element (%) 43.3 40.9 71.1 63.5 44.7 0.0 51.7 52.2 Private creditors Interest (%) 5.8 6.6 1.5 2.3 1.8 2.8 4.2 5.4 Maturity (years) 15.2 8.9 7.3 4.3 4.7 5.0 9.5 5.5 Grace period (years) 5.9 4.3 3.5 0.3 3.2 5.0 7.7 1.8 Grant element (%) 28.1 15.2 32.9 12.5 24.6 22.3 20.8 13.3 10. CONTRACTUAL OBLIGATIONS ON OUTSTANDING LONG-TERM DEBT 2007 2008 2009 2010 2011 2012 2013 2014 TOTAL Principal 10,751 4,617 2,652 3,226 2,219 2,535 2,175 1,429 Interest 1,418 1,080 904 764 645 565 456 358 Official creditors Principal 591 701 429 486 487 426 400 361 Interest 160 157 132 120 107 95 85 76 Bilateral creditors Principal 524 333 357 411 412 354 349 336 Interest 130 116 108 100 91 83 76 69 Multilateral creditors Principal 67 368 71 75 75 72 51 24 Interest 30 41 23 20 16 13 9 7 Private creditors Principal 10,160 3,916 2,224 2,740 1,732 2,109 1,775 1,068 Interest 1,259 922 773 644 537 470 371 283 Notes: Data on long-term public and publicly guaranteed, and private nonguaranteed debt for 2006 are reported by the country. Short-term debt data are World Bank staff estimates based on official government data. 386 TOGO (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 1. SUMMARY DEBT DATA TOTAL DEBT STOCKS (EDT) 1,281 1,476 1,430 1,573 1,702 1,836 1,708 1,806 Long-term debt (LDOD) 1,081 1,286 1,228 1,323 1,485 1,609 1,469 1,565 Public and publicly guaranteed 1,081 1,286 1,228 1,323 1,485 1,609 1,469 1,565 Private nonguaranteed 0 0 0 0 0 0 0 0 Use of IMF credit 87 105 70 52 42 27 14 8 Short-term debt 113 85 132 198 175 201 225 233 of which interest arrears on LDOD 1 27 63 96 133 175 173 214 Official creditors 1 13 63 96 133 175 173 214 Private creditors 0 14 0 0 0 0 0 0 Memorandum items Principal arrears on LDOD 3 64 62 152 218 321 323 388 Official creditors 2 18 62 152 218 321 323 388 Private creditors 1 45 0 0 0 0 0 0 TOTAL DEBT FLOWS Disbursements 110 59 24 11 5 20 10 12 Long-term debt 89 26 24 11 5 20 10 12 IMF purchases 21 33 0 0 0 0 0 0 Principal repayments 43 18 19 10 14 18 14 12 Long-term debt 27 7 10 1 1 2 3 5 IMF repurchases 16 11 9 9 14 16 11 6 Net flows on debt 16 39 -44 19 -69 -14 22 -33 of which short-term debt -51 -2 -49 19 -60 -16 26 -33 Interest payments (INT) 43 11 10 3 3 3 3 4 Long-term debt 33 8 5 0 1 2 2 2 IMF charges 4 1 0 0 0 0 0 0 Short-term debt 6 3 5 2 2 1 1 2 Net transfers on debt -27 27 -55 17 -72 -17 19 -37 Total debt service paid (TDS) 86 29 30 13 17 21 17 15 Long-term debt 60 14 15 1 1 4 5 7 IMF repurchases and charges 20 12 10 10 14 16 11 6 Short-term debt (interest only) 6 3 5 2 2 1 1 2 2. OTHER NET RESOURCE FLOWS (LONG-TERM) Net flow of long-term debt (ex. IMF) 62 19 14 10 5 18 7 7 Foreign direct investment (net) 18 26 42 54 34 58 78 57 Portfolio equity flows 4 0 6 6 10 15 16 14 Grants (excluding technical coop.) 120 123 49 32 37 44 57 58 of which: Debt forgiveness grants .. .. 11 10 10 8 7 7 IDA grants .. .. .. 0 0 0 0 0 Memo: technical coop. grants 60 32 23 27 33 35 34 32 Interest on long-term debt 33 8 5 0 1 2 2 2 Profit remittances on FDI 15 1 17 19 18 37 46 0 3. MAJOR ECONOMIC AGGREGATES Gross national income (GNI) 1,598 1,265 1,300 1,454 1,736 2,033 2,091 2,181 Exports of goods, serv. & inc. (XGS) 723 489 472 627 848 944 1,047 .. Worker remit. & comp. of employees 27 15 34 104 149 179 193 193 Imports of goods & services (MGS) 912 713 664 772 1,009 1,166 1,531 .. International reserves (RES) 358 130 152 205 205 360 195 375 Current account balance -84 -122 -140 -140 -162 -206 -461 .. 4. DEBT INDICATORS EDT / XGS (%) 177.2 302.1 302.7 250.8 200.8 194.5 163.1 .. EDT / GNI (%) 80.1 116.7 110.0 108.1 98.1 90.3 81.7 82.8 TDS / XGS (%) 11.9 6.0 6.3 2.1 2.0 2.2 1.6 .. INT / XGS (%) 6.0 2.3 2.2 0.4 0.3 0.4 0.3 .. INT / GNI (%) 2.7 0.9 0.8 0.2 0.2 0.2 0.2 0.2 RES / EDT (%) 28.0 8.8 10.7 13.0 12.0 19.6 11.4 20.7 RES / MGS (months) 4.7 2.2 2.8 3.2 2.4 3.7 1.5 .. Short-term / EDT (%) 8.8 5.8 9.3 12.6 10.3 10.9 13.2 12.9 Concessional / EDT (%) 55.1 61.8 70.1 68.4 70.0 65.8 65.5 65.6 Multilateral / EDT (%) 43.7 48.3 53.6 52.3 53.3 52.8 52.8 53.0 387 TOGO (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 5. LONG-TERM DEBT DEBT OUTSTANDING (LDOD) 1,081 1,286 1,228 1,323 1,485 1,609 1,469 1,565 Public and publicly guaranteed 1,081 1,286 1,228 1,323 1,485 1,609 1,469 1,565 Official creditors 1,029 1,235 1,228 1,323 1,485 1,609 1,469 1,565 Multilateral 560 713 766 822 907 970 902 957 Concessional 516 681 750 806 886 935 873 927 Bilateral 469 522 461 501 578 639 566 608 Concessional 189 232 253 270 304 274 246 257 Private creditors 52 52 0 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 51 52 0 0 0 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 Commercial banks and other 0 0 0 0 0 0 0 0 Memo: IBRD 5 0 0 0 0 0 0 0 IDA 393 541 604 632 687 715 667 696 Public sector LDOD 1,081 1,286 1,228 1,323 1,485 1,609 1,469 1,565 Private sector LDOD 0 0 0 0 0 0 0 0 DISBURSEMENTS 89 26 24 11 5 20 10 12 Public and publicly guaranteed 89 26 24 11 5 20 10 12 Official creditors 89 26 24 11 5 20 10 12 Multilateral 45 26 21 9 4 20 10 12 Concessional 44 26 21 9 4 10 10 12 Bilateral 44 0 4 2 1 0 0 0 Concessional 44 0 4 2 1 0 0 0 Private creditors 0 0 0 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 Commercial banks and other 0 0 0 0 0 0 0 0 Memo: IBRD 0 0 0 0 0 0 0 0 IDA 31 20 15 7 0 0 0 0 PRINCIPAL REPAYMENTS 27 7 10 1 1 2 3 5 Public and publicly guaranteed 27 7 10 1 1 2 3 5 Official creditors 27 7 10 1 1 2 3 5 Multilateral 17 6 9 1 1 1 2 3 Concessional 5 6 8 1 1 1 1 2 Bilateral 10 1 2 0 0 1 0 2 Concessional 1 1 1 0 0 0 0 2 Private creditors 0 0 0 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 Commercial banks and other 0 0 0 0 0 0 0 0 Memo: IBRD 8 0 0 0 0 0 0 0 IDA 1 3 5 0 0 0 0 0 INTEREST PAYMENTS (LINT) 33 8 5 0 1 2 2 2 Public and publicly guaranteed 33 8 5 0 1 2 2 2 Official creditors 28 8 5 0 1 2 2 2 Multilateral 8 5 5 0 1 1 1 1 Concessional 4 4 4 0 1 1 0 0 Bilateral 20 3 0 0 0 1 1 1 Concessional 4 1 0 0 0 0 0 0 Private creditors 5 0 0 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 5 0 0 0 0 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 Commercial banks and other 0 0 0 0 0 0 0 0 Memo: IBRD 1 0 0 0 0 0 0 0 IDA 3 4 3 0 0 0 0 0 388 TOGO (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 6. CURRENCY COMPOSITION OF PUBLIC AND PUBLICLY GUARANTEED DEBT (PERCENT) Euro .. .. .. 17.1 18.3 18.9 17.9 18.7 Japanese yen 3.0 3.3 6.2 4.7 4.6 4.4 4.3 4.0 Pound sterling 1.9 1.7 1.6 1.6 1.6 1.2 1.2 1.2 Swiss franc 10.3 10.9 7.8 8.7 8.7 9.6 9.1 9.2 U.S.dollars 44.2 47.4 52.6 51.6 49.4 48.1 49.1 48.1 7. DEBT RESTRUCTURINGS Total amount rescheduled 79 133 0 0 12 0 0 0 Debt stock rescheduled 0 1 0 0 5 0 0 0 Principal rescheduled 66 64 0 0 0 0 0 0 Official 66 63 0 0 0 0 0 0 Private 0 1 0 0 0 0 0 0 Interest rescheduled 12 63 0 0 0 0 0 0 Official 12 63 0 0 0 0 0 0 Private 0 0 0 0 0 0 0 0 Debt forgiven 18 85 0 0 0 0 0 0 Memo: interest forgiven 0 23 0 0 0 0 0 0 Debt stock reduction 0 0 0 0 0 0 0 0 of which debt buyback 0 0 0 0 0 0 0 0 8. DEBT STOCK-FLOW RECONCILIATION Total change in debt stocks 104 20 -94 178 129 135 -129 98 Net flows on debt 16 39 -44 19 -69 -14 22 -33 Cross-currency valuation 42 -20 -66 114 137 73 -134 79 9. AVERAGE TERMS OF NEW COMMITMENTS ALL CREDITORS Interest (%) 0.7 0.7 0.0 2.5 1.2 2.1 1.7 0.0 Maturity (years) 39.5 37.6 0.0 23.9 13.5 25.4 17.9 21.1 Grace period (years) 10.4 9.9 0.0 6.4 1.0 6.5 6.2 3.5 Grant element (%) 80.2 79.7 0.0 54.6 40.8 58.3 61.6 61.8 Official creditors Interest (%) 0.7 0.7 0.0 2.5 1.2 2.1 1.7 0.0 Maturity (years) 39.5 37.6 0.0 23.9 13.5 25.4 17.9 21.1 Grace period (years) 10.4 9.9 0.0 6.4 1.0 6.5 6.2 3.5 Grant element (%) 80.2 79.7 0.0 54.6 40.8 58.3 61.6 61.8 Private creditors Interest (%) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Maturity (years) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Grace period (years) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Grant element (%) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 10. CONTRACTUAL OBLIGATIONS ON OUTSTANDING LONG-TERM DEBT 2007 2008 2009 2010 2011 2012 2013 2014 TOTAL Principal 51 54 54 53 54 56 59 60 Interest 25 24 23 22 21 20 18 17 Official creditors Principal 51 54 54 53 54 56 59 60 Interest 25 24 23 22 21 20 18 17 Bilateral creditors Principal 22 23 21 20 20 21 22 23 Interest 16 16 15 14 13 12 11 10 Multilateral creditors Principal 29 31 33 33 34 36 37 37 Interest 9 9 8 8 8 7 7 6 Private creditors Principal 0 0 0 0 0 0 0 0 Interest 0 0 0 0 0 0 0 0 Notes: 389 TONGA (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 1. SUMMARY DEBT DATA TOTAL DEBT STOCKS (EDT) 53.7 64.1 65.2 72.5 85.7 86.2 81.8 85.0 Long-term debt (LDOD) 44.5 62.8 64.7 71.6 84.7 85.1 81.1 84.0 Public and publicly guaranteed 44.5 62.8 64.7 71.6 84.7 85.1 81.1 84.0 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Use of IMF credit 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Short-term debt 9.2 1.3 0.5 0.9 1.0 1.1 0.7 1.0 of which interest arrears on LDOD 0.0 0.0 0.3 0.7 0.9 1.1 0.7 1.0 Official creditors 0.0 0.0 0.3 0.7 0.9 1.1 0.7 1.0 Private creditors 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memorandum items Principal arrears on LDOD 0.0 0.0 0.5 1.7 3.6 3.3 2.8 4.7 Official creditors 0.0 0.0 0.5 1.7 3.6 3.3 2.8 4.7 Private creditors 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 TOTAL DEBT FLOWS Disbursements 3.3 6.2 5.2 5.6 11.2 1.2 4.5 2.8 Long-term debt 3.3 6.2 5.2 5.6 11.2 1.2 4.5 2.8 IMF purchases 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal repayments 1.0 2.4 3.5 2.6 2.2 2.8 2.9 2.5 Long-term debt 1.0 2.4 3.5 2.6 2.2 2.8 2.9 2.5 IMF repurchases 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Net flows on debt 10.4 4.1 1.6 3.2 8.9 -1.7 1.6 0.3 of which short-term debt 8.2 0.3 0.0 0.1 -0.1 -0.1 0.0 0.0 Interest payments (INT) 0.9 0.8 0.8 0.7 0.7 0.8 1.1 0.7 Long-term debt 0.5 0.7 0.8 0.6 0.7 0.8 1.1 0.7 IMF charges 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Short-term debt 0.4 0.1 0.0 0.0 0.0 0.0 0.0 0.0 Net transfers on debt 9.5 3.3 0.8 2.5 8.2 -2.5 0.5 -0.4 Total debt service paid (TDS) 1.9 3.2 4.4 3.2 3.0 3.6 4.0 3.2 Long-term debt 1.5 3.1 4.3 3.2 3.0 3.6 4.0 3.2 IMF repurchases and charges 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Short-term debt (interest only) 0.4 0.1 0.0 0.0 0.0 0.0 0.0 0.0 2. OTHER NET RESOURCE FLOWS (LONG-TERM) Net flow of long-term debt (ex. IMF) 2.2 3.8 1.7 3.1 9.0 -1.5 1.6 0.3 Foreign direct investment (net) 0.2 2.0 4.7 0.6 -0.1 -2.3 -5.1 -1.5 Portfolio equity flows -0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Grants (excluding technical coop.) 16.9 18.3 6.9 4.0 6.9 6.1 16.6 6.9 of which: Debt forgiveness grants .. .. 0.0 0.0 0.0 0.0 0.0 0.0 IDA grants .. .. .. 0.0 0.0 0.0 0.0 0.0 Memo: technical coop. grants 10.9 16.4 11.2 15.7 14.1 14.6 13.5 14.0 Interest on long-term debt 0.5 0.7 0.8 0.6 0.7 0.8 1.1 0.7 Profit remittances on FDI 0.3 0.0 0.0 0.7 1.4 5.5 1.4 1.2 3. MAJOR ECONOMIC AGGREGATES Gross national income (GNI) 116.5 164.3 147.6 145.6 167.1 190.6 216.4 226.2 Exports of goods, serv. & inc. (XGS) 66.5 .. .. 109.3 106.8 115.1 126.0 120.7 Worker remit. & comp. of employees 24.0 0.0 0.0 66.0 55.8 67.6 66.0 72.0 Imports of goods & services (MGS) 75.0 .. .. 109.1 123.6 145.1 152.4 147.7 International reserves (RES) 31.3 28.7 24.6 25.1 39.8 55.3 46.9 48.0 Current account balance 5.8 .. .. -3.3 -10.5 -15.2 -13.7 -15.4 4. DEBT INDICATORS EDT / XGS (%) 80.8 .. .. 66.3 80.3 74.9 64.9 70.4 EDT / GNI (%) 46.1 39.0 44.2 49.8 51.3 45.2 37.8 37.6 TDS / XGS (%) 2.9 .. .. 2.9 2.8 3.1 3.2 2.7 INT / XGS (%) 1.4 .. .. 0.6 0.7 0.7 0.9 0.6 INT / GNI (%) 0.8 0.5 0.6 0.5 0.4 0.4 0.5 0.3 RES / EDT (%) 58.4 44.8 37.8 34.7 46.4 64.1 57.3 56.4 RES / MGS (months) 5.0 .. .. 2.8 3.9 4.6 3.7 3.9 Short-term / EDT (%) 17.2 2.1 0.7 1.3 1.2 1.2 0.9 1.1 Concessional / EDT (%) 72.2 82.3 90.9 92.0 91.5 92.8 94.6 94.3 Multilateral / EDT (%) 42.4 65.0 82.0 80.4 80.2 81.6 83.8 84.6 390 TONGA (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 5. LONG-TERM DEBT DEBT OUTSTANDING (LDOD) 44.5 62.8 64.7 71.6 84.7 85.1 81.1 84.0 Public and publicly guaranteed 44.5 62.8 64.7 71.6 84.7 85.1 81.1 84.0 Official creditors 44.5 58.5 64.7 71.6 84.7 85.1 81.1 84.0 Multilateral 22.7 41.7 53.4 58.3 68.8 70.4 68.5 71.9 Concessional 18.0 36.0 49.1 54.1 63.1 65.2 64.9 68.0 Bilateral 21.7 16.8 11.3 13.3 16.0 14.8 12.5 12.2 Concessional 20.8 16.8 10.1 12.6 15.4 14.8 12.5 12.2 Private creditors 0.0 4.3 0.0 0.0 0.0 0.0 0.0 0.0 of which: Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks and other 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 2.6 4.8 4.0 4.2 7.4 8.9 12.6 16.0 Public sector LDOD 44.5 62.8 64.7 71.6 84.7 85.1 81.1 84.0 Private sector LDOD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 DISBURSEMENTS 3.3 6.2 5.2 5.6 11.2 1.2 4.5 2.8 Public and publicly guaranteed 3.3 6.2 5.2 5.6 11.2 1.2 4.5 2.8 Official creditors 3.3 6.2 5.2 5.6 11.2 1.2 4.5 2.8 Multilateral 3.3 6.2 3.0 5.2 8.7 1.2 4.5 2.8 Concessional 3.2 6.2 3.0 5.2 8.7 1.2 4.5 2.8 Bilateral 0.0 0.0 2.2 0.4 2.5 0.0 0.0 0.0 Concessional 0.0 0.0 2.2 0.4 2.5 0.0 0.0 0.0 Private creditors 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 of which: Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks and other 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 1.0 0.2 0.0 0.2 2.6 1.2 4.5 2.8 PRINCIPAL REPAYMENTS 1.0 2.4 3.5 2.6 2.2 2.8 2.9 2.5 Public and publicly guaranteed 1.0 2.4 3.5 2.6 2.2 2.8 2.9 2.5 Official creditors 1.0 2.4 2.3 2.6 2.2 2.8 2.9 2.5 Multilateral 0.5 0.8 1.0 1.0 0.9 1.1 2.0 1.4 Concessional 0.3 0.2 0.6 0.7 0.8 1.0 1.1 1.3 Bilateral 0.5 1.7 1.2 1.6 1.3 1.6 0.9 1.1 Concessional 0.4 1.4 0.9 1.3 0.9 1.0 0.9 1.1 Private creditors 0.0 0.0 1.3 0.0 0.0 0.0 0.0 0.0 of which: Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks and other 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 0.0 0.0 0.1 0.1 0.1 0.1 0.1 0.1 INTEREST PAYMENTS (LINT) 0.5 0.7 0.8 0.6 0.7 0.8 1.1 0.7 Public and publicly guaranteed 0.5 0.7 0.8 0.6 0.7 0.8 1.1 0.7 Official creditors 0.5 0.7 0.7 0.6 0.7 0.8 1.1 0.7 Multilateral 0.2 0.5 0.5 0.5 0.6 0.7 0.9 0.7 Concessional 0.1 0.3 0.5 0.5 0.6 0.7 0.7 0.7 Bilateral 0.3 0.2 0.2 0.2 0.2 0.1 0.3 0.1 Concessional 0.2 0.2 0.1 0.1 0.1 0.1 0.3 0.1 Private creditors 0.0 0.0 0.1 0.0 0.0 0.0 0.0 0.0 of which: Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks and other 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 0.0 0.0 0.0 0.0 0.0 0.1 0.1 0.1 391 TONGA (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 6. CURRENCY COMPOSITION OF PUBLIC AND PUBLICLY GUARANTEED DEBT (PERCENT) Euro .. .. .. 13.4 13.3 11.9 8.9 8.2 Japanese yen 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Pound sterling 6.0 1.6 0.2 0.0 0.0 0.0 0.0 0.0 Swiss franc 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 U.S.dollars 1.0 10.7 4.4 11.2 20.2 21.8 27.7 30.7 7. DEBT RESTRUCTURINGS Total amount rescheduled 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Debt stock rescheduled 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal rescheduled 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Official 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Interest rescheduled 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Official 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Debt forgiven 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: interest forgiven 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Debt stock reduction 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 of which debt buyback 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 8. DEBT STOCK-FLOW RECONCILIATION Total change in debt stocks 14.5 5.5 -3.7 9.6 13.3 0.5 -4.4 3.2 Net flows on debt 10.4 4.1 1.6 3.2 8.9 -1.7 1.6 0.3 Cross-currency valuation 3.1 1.0 -4.2 5.1 7.1 2.6 -4.5 2.5 9. AVERAGE TERMS OF NEW COMMITMENTS ALL CREDITORS Interest (%) 0.9 4.5 0.0 1.1 0.8 0.0 0.8 0.0 Maturity (years) 39.7 35.9 0.0 29.6 39.8 0.0 39.9 0.0 Grace period (years) 10.2 8.9 0.0 9.1 10.3 0.0 10.4 0.0 Grant element (%) 79.5 45.2 0.0 71.2 80.7 0.0 80.8 0.0 Official creditors Interest (%) 0.9 4.5 0.0 1.1 0.8 0.0 0.8 0.0 Maturity (years) 39.7 35.9 0.0 29.6 39.8 0.0 39.9 0.0 Grace period (years) 10.2 8.9 0.0 9.1 10.3 0.0 10.4 0.0 Grant element (%) 79.5 45.2 0.0 71.2 80.7 0.0 80.8 0.0 Private creditors Interest (%) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Maturity (years) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Grace period (years) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Grant element (%) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 10. CONTRACTUAL OBLIGATIONS ON OUTSTANDING LONG-TERM DEBT 2007 2008 2009 2010 2011 2012 2013 2014 TOTAL Principal 3.6 3.7 3.0 3.3 3.6 3.7 3.7 3.3 Interest 1.3 1.2 1.2 1.1 1.1 1.1 1.0 0.9 Official creditors Principal 3.6 3.7 3.0 3.3 3.6 3.7 3.7 3.3 Interest 1.3 1.2 1.2 1.1 1.1 1.1 1.0 0.9 Bilateral creditors Principal 1.6 1.9 1.3 1.3 1.0 1.0 1.0 0.3 Interest 0.1 0.1 0.1 0.1 0.0 0.0 0.0 0.0 Multilateral creditors Principal 2.0 1.8 1.6 2.1 2.6 2.7 2.7 3.0 Interest 1.2 1.1 1.1 1.1 1.1 1.0 1.0 0.9 Private creditors Principal 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Interest 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Notes: 392 TUNISIA (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 1. SUMMARY DEBT DATA TOTAL DEBT STOCKS (EDT) 7,688 10,818 11,307 15,466 18,421 20,026 17,662 18,480 Long-term debt (LDOD) 6,878 9,215 9,684 12,385 14,870 16,262 14,596 15,144 Public and publicly guaranteed 6,878 9,215 9,684 12,385 14,870 16,262 14,596 15,144 Private nonguaranteed 0 0 0 0 0 0 0 0 Use of IMF credit 176 293 32 0 0 0 0 0 Short-term debt 634 1,310 1,590 3,081 3,551 3,764 3,066 3,336 of which interest arrears on LDOD 0 0 0 0 0 0 0 0 Official creditors 0 0 0 0 0 0 0 0 Private creditors 0 0 0 0 0 0 0 0 Memorandum items Principal arrears on LDOD 15 1 0 0 0 0 0 0 Official creditors 8 0 0 0 0 0 0 0 Private creditors 7 0 0 0 0 0 0 0 TOTAL DEBT FLOWS Disbursements 1,017 1,389 1,542 2,061 2,116 1,939 1,018 1,187 Long-term debt 1,017 1,389 1,542 2,061 2,116 1,939 1,018 1,187 IMF purchases 0 0 0 0 0 0 0 0 Principal repayments 984 939 1,336 934 1,012 1,394 1,196 1,659 Long-term debt 872 924 1,295 934 1,012 1,394 1,196 1,659 IMF repurchases 111 15 40 0 0 0 0 0 Net flows on debt 292 654 259 1,564 1,574 758 -876 -203 of which short-term debt 259 204 52 438 470 213 -698 270 Interest payments (INT) 447 541 570 557 614 748 862 861 Long-term debt 394 486 489 506 573 638 692 669 IMF charges 23 17 3 0 0 0 0 0 Short-term debt 30 38 78 51 40 110 171 192 Net transfers on debt -156 113 -312 1,007 960 11 -1,738 -1,063 Total debt service paid (TDS) 1,431 1,480 1,906 1,491 1,626 2,141 2,058 2,520 Long-term debt 1,267 1,409 1,785 1,440 1,585 2,031 1,887 2,328 IMF repurchases and charges 135 32 43 0 0 0 0 0 Short-term debt (interest only) 30 38 78 51 40 110 171 192 2. OTHER NET RESOURCE FLOWS (LONG-TERM) Net flow of long-term debt (ex. IMF) 144 465 246 1,126 1,104 545 -178 -473 Foreign direct investment (net) 76 264 752 795 541 593 723 3,270 Portfolio equity flows 5 12 -18 6 14 24 12 65 Grants (excluding technical coop.) 174 59 44 114 98 137 137 185 of which: Debt forgiveness grants .. .. 0 0 0 0 0 0 IDA grants .. .. .. 0 0 0 0 0 Memo: technical coop. grants 100 122 96 98 130 142 146 149 Interest on long-term debt 394 486 489 506 573 638 692 669 Profit remittances on FDI 97 174 468 473 537 678 962 930 3. MAJOR ECONOMIC AGGREGATES Gross national income (GNI) 11,882 17,174 18,526 20,096 23,957 26,894 27,176 28,660 Exports of goods, serv. & inc. (XGS) 5,851 8,778 9,497 10,681 12,295 14,854 16,021 17,472 Worker remit. & comp. of employees 551 680 796 1,071 1,250 1,432 1,393 1,510 Imports of goods & services (MGS) 6,591 9,646 10,347 11,487 13,082 15,507 16,434 18,235 International reserves (RES) 867 1,689 1,871 2,365 3,036 4,031 4,548 6,912 Current account balance -463 -774 -821 -746 -730 -551 -304 -634 4. DEBT INDICATORS EDT / XGS (%) 131.4 123.2 119.1 144.8 149.8 134.8 110.2 105.8 EDT / GNI (%) 64.7 63.0 61.0 77.0 76.9 74.5 65.0 64.5 TDS / XGS (%) 24.5 16.9 20.1 14.0 13.2 14.4 12.8 14.4 INT / XGS (%) 7.6 6.2 6.0 5.2 5.0 5.0 5.4 4.9 INT / GNI (%) 3.8 3.1 3.1 2.8 2.6 2.8 3.2 3.0 RES / EDT (%) 11.3 15.6 16.6 15.3 16.5 20.1 25.8 37.4 RES / MGS (months) 1.6 2.1 2.2 2.5 2.8 3.1 3.3 4.5 Short-term / EDT (%) 8.2 12.1 14.1 19.9 19.3 18.8 17.4 18.1 Concessional / EDT (%) 36.2 28.1 23.1 19.2 18.4 17.9 19.0 21.0 Multilateral / EDT (%) 29.0 35.0 30.5 29.3 29.9 30.9 31.4 31.0 393 TUNISIA (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 5. LONG-TERM DEBT DEBT OUTSTANDING (LDOD) 6,878 9,215 9,684 12,385 14,870 16,262 14,596 15,144 Public and publicly guaranteed 6,878 9,215 9,684 12,385 14,870 16,262 14,596 15,144 Official creditors 5,240 7,398 6,065 7,288 8,627 9,390 8,323 8,953 Multilateral 2,233 3,783 3,452 4,536 5,503 6,193 5,541 5,727 Concessional 229 425 475 662 765 883 921 970 Bilateral 3,008 3,616 2,614 2,752 3,124 3,197 2,783 3,225 Concessional 2,551 2,612 2,134 2,299 2,626 2,694 2,428 2,906 Private creditors 1,638 1,817 3,619 5,097 6,243 6,872 6,273 6,192 of which: Bonds 0 535 1,327 2,433 3,315 3,740 3,274 3,109 Commercial banks 339 236 809 738 898 1,028 912 949 Private nonguaranteed 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 Commercial banks and other 0 0 0 0 0 0 0 0 Memo: IBRD 1,347 1,717 1,211 1,464 1,779 1,824 1,565 1,444 IDA 59 49 39 35 33 30 28 26 Public sector LDOD 6,660 9,016 8,884 10,979 13,294 14,573 12,824 13,275 Private sector LDOD 218 200 800 1,406 1,576 1,689 1,772 1,869 DISBURSEMENTS 1,017 1,389 1,542 2,061 2,116 1,939 1,018 1,187 Public and publicly guaranteed 1,017 1,389 1,542 2,061 2,116 1,939 1,018 1,187 Official creditors 699 611 707 1,011 1,065 1,057 843 951 Multilateral 430 467 427 795 764 757 627 674 Concessional 45 48 93 128 111 145 110 89 Bilateral 269 145 281 216 301 301 215 277 Concessional 177 130 278 168 221 218 182 247 Private creditors 318 777 835 1,050 1,051 882 175 236 of which: Bonds 0 588 0 650 632 559 0 0 Commercial banks 88 56 489 88 167 144 42 64 Private nonguaranteed 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 Commercial banks and other 0 0 0 0 0 0 0 0 Memo: IBRD 213 138 136 117 251 138 177 112 IDA 0 0 0 0 0 0 0 0 PRINCIPAL REPAYMENTS 872 924 1,295 934 1,012 1,394 1,196 1,659 Public and publicly guaranteed 872 924 1,295 934 1,012 1,394 1,196 1,659 Official creditors 357 639 661 717 778 932 876 1,159 Multilateral 168 363 408 451 488 533 540 853 Concessional 7 18 31 40 42 38 57 63 Bilateral 189 276 253 266 290 399 336 306 Concessional 142 189 172 171 206 287 240 221 Private creditors 515 285 634 218 234 461 319 500 of which: Bonds 60 0 371 0 0 277 136 301 Commercial banks 113 63 134 94 112 62 64 65 Private nonguaranteed 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 Commercial banks and other 0 0 0 0 0 0 0 0 Memo: IBRD 111 203 150 154 205 226 232 366 IDA 1 2 2 2 2 2 2 2 INTEREST PAYMENTS (LINT) 394 486 489 506 573 638 692 669 Public and publicly guaranteed 394 486 489 506 573 638 692 669 Official creditors 249 368 295 294 308 323 334 339 Multilateral 149 255 213 226 233 245 254 266 Concessional 6 13 16 22 28 27 38 38 Bilateral 100 113 82 68 75 78 80 72 Concessional 73 76 53 51 56 64 62 57 Private creditors 146 118 194 212 265 315 358 330 of which: Bonds 5 14 99 119 163 182 200 188 Commercial banks 35 18 38 23 29 34 38 37 Private nonguaranteed 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 Commercial banks and other 0 0 0 0 0 0 0 0 Memo: IBRD 103 129 79 79 81 77 69 72 IDA 0 0 0 0 0 0 0 0 394 TUNISIA (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 6. CURRENCY COMPOSITION OF PUBLIC AND PUBLICLY GUARANTEED DEBT (PERCENT) Euro .. .. .. 23.9 29.3 34.5 34.4 40.3 Japanese yen 8.4 13.3 19.8 19.3 20.0 16.8 15.5 12.7 Pound sterling 0.1 0.0 0.4 0.3 0.3 0.3 0.2 0.2 Swiss franc 0.5 0.2 0.6 0.6 0.5 0.5 0.4 0.3 U.S.dollars 24.3 19.2 35.8 36.1 30.9 28.3 30.0 27.9 7. DEBT RESTRUCTURINGS Total amount rescheduled 0 0 0 0 0 0 0 0 Debt stock rescheduled 0 0 0 0 0 0 0 0 Principal rescheduled 0 0 0 0 0 0 0 0 Official 0 0 0 0 0 0 0 0 Private 0 0 0 0 0 0 0 0 Interest rescheduled 0 0 0 0 0 0 0 0 Official 0 0 0 0 0 0 0 0 Private 0 0 0 0 0 0 0 0 Debt forgiven 7 0 0 0 0 0 0 0 Memo: interest forgiven 0 0 0 0 0 0 0 0 Debt stock reduction 0 0 0 0 0 0 0 0 of which debt buyback 0 0 0 0 0 0 0 0 8. DEBT STOCK-FLOW RECONCILIATION Total change in debt stocks 715 1,205 -553 2,595 2,955 1,605 -2,364 818 Net flows on debt 292 654 259 1,564 1,574 758 -876 -203 Cross-currency valuation 351 178 -409 732 1,158 286 -1,106 425 9. AVERAGE TERMS OF NEW COMMITMENTS ALL CREDITORS Interest (%) 6.9 6.1 4.0 5.1 4.3 3.8 3.2 3.8 Maturity (years) 14.3 16.7 17.4 15.1 16.7 14.7 18.2 19.1 Grace period (years) 3.8 4.8 8.7 6.2 7.3 5.8 3.3 4.7 Grant element (%) 18.0 21.0 39.7 28.9 34.4 36.6 39.3 39.8 Official creditors Interest (%) 6.0 6.2 4.5 4.0 4.2 3.4 3.1 3.6 Maturity (years) 18.0 24.0 16.9 18.4 17.0 19.0 18.8 20.0 Grace period (years) 5.0 4.6 5.6 4.8 4.2 4.9 3.3 5.1 Grant element (%) 25.9 24.5 35.2 36.7 34.3 42.5 40.4 42.1 Private creditors Interest (%) 8.1 6.0 3.5 6.5 4.5 4.4 4.2 4.9 Maturity (years) 9.4 8.5 17.8 11.3 16.0 8.4 12.0 12.9 Grace period (years) 2.1 5.1 11.6 7.8 15.8 7.0 3.4 1.5 Grant element (%) 7.3 17.1 43.7 19.9 34.7 27.8 28.5 23.1 10. CONTRACTUAL OBLIGATIONS ON OUTSTANDING LONG-TERM DEBT 2007 2008 2009 2010 2011 2012 2013 2014 TOTAL Principal 2,153 1,604 1,797 1,737 1,983 1,812 1,466 941 Interest 719 663 623 557 498 395 315 263 Official creditors Principal 1,126 1,098 1,080 1,154 1,034 972 875 807 Interest 371 370 355 331 296 263 230 200 Bilateral creditors Principal 395 363 334 329 297 274 254 234 Interest 98 95 90 84 76 69 62 55 Multilateral creditors Principal 731 736 746 825 737 698 622 573 Interest 273 275 265 247 221 195 169 145 Private creditors Principal 1,026 506 718 583 948 841 591 134 Interest 347 294 268 226 202 132 84 62 Notes: Private nonguaranteed debt data are World Bank staff estimates based on information from the government. 395 TURKEY (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 1. SUMMARY DEBT DATA TOTAL DEBT STOCKS (EDT) 49,424 73,781 117,108 130,951 144,351 161,052 169,279 207,854 Long-term debt (LDOD) 39,924 57,396 84,020 92,441 97,246 107,645 117,533 154,777 Public and publicly guaranteed 38,870 50,317 56,191 59,987 63,447 67,669 61,918 67,214 Private nonguaranteed 1,054 7,079 27,828 32,455 33,799 39,976 55,614 87,563 Use of IMF credit 0 685 4,176 22,086 24,092 21,507 14,646 10,762 Short-term debt 9,500 15,701 28,912 16,424 23,013 31,900 37,100 42,315 of which interest arrears on LDOD 0 0 0 0 0 0 0 0 Official creditors 0 0 0 0 0 0 0 0 Private creditors 0 0 0 0 0 0 0 0 Memorandum items Principal arrears on LDOD 0 0 0 0 0 0 0 0 Official creditors 0 0 0 0 0 0 0 0 Private creditors 0 0 0 0 0 0 0 0 TOTAL DEBT FLOWS Disbursements 5,243 6,980 26,584 35,165 19,443 30,706 44,358 60,579 Long-term debt 5,243 6,638 23,126 22,308 17,777 29,530 41,897 57,639 IMF purchases 0 341 3,459 12,857 1,666 1,176 2,461 2,941 Principal repayments 4,010 7,020 13,864 22,052 21,546 25,640 32,837 31,012 Long-term debt 3,961 7,020 13,777 15,686 19,834 20,959 25,057 23,519 IMF repurchases 49 0 87 6,366 1,712 4,681 7,780 7,493 Net flows on debt 4,988 4,350 18,161 13,192 3,054 13,953 16,720 34,783 of which short-term debt 3,755 4,391 5,440 79 4,389 8,887 5,200 5,215 Interest payments (INT) 3,412 4,431 6,867 5,538 6,723 7,335 8,474 9,500 Long-term debt 2,891 3,464 5,015 4,275 5,227 5,323 6,381 7,501 IMF charges 4 24 52 813 596 959 951 799 Short-term debt 517 942 1,800 450 900 1,053 1,142 1,200 Net transfers on debt 1,576 -80 11,293 7,654 -3,670 6,618 8,246 25,283 Total debt service paid (TDS) 7,422 11,451 20,731 27,590 28,269 32,975 41,311 40,511 Long-term debt 6,852 10,485 18,792 19,961 25,061 26,283 31,437 31,019 IMF repurchases and charges 53 24 139 7,179 2,308 5,639 8,731 8,292 Short-term debt (interest only) 517 942 1,800 450 900 1,053 1,142 1,200 2. OTHER NET RESOURCE FLOWS (LONG-TERM) Net flow of long-term debt (ex. IMF) 1,282 -382 9,349 6,622 -2,057 8,570 16,840 34,120 Foreign direct investment (net) 684 885 982 1,137 1,752 2,883 9,801 20,070 Portfolio equity flows 89 195 489 -16 905 1,427 5,669 1,939 Grants (excluding technical coop.) 804 439 87 381 144 280 425 415 of which: Debt forgiveness grants .. .. 0 0 0 0 0 0 IDA grants .. .. .. 0 0 0 0 0 Memo: technical coop. grants 148 198 85 96 137 147 176 185 Interest on long-term debt 2,891 3,464 5,015 4,275 5,227 5,323 6,381 7,501 Profit remittances on FDI 161 312 279 382 608 1,040 1,011 1,134 3. MAJOR ECONOMIC AGGREGATES Gross national income (GNI) 152,175 171,729 201,373 182,644 238,891 301,568 362,772 402,334 Exports of goods, serv. & inc. (XGS) 25,205 41,397 57,645 58,592 72,194 93,462 108,132 122,068 Worker remit. & comp. of employees 3,246 3,327 4,560 1,936 729 804 851 1,111 Imports of goods & services (MGS) 28,949 44,806 67,673 60,610 80,521 109,376 131,338 155,418 International reserves (RES) 7,626 13,891 23,515 28,348 35,549 37,304 52,494 63,265 Current account balance -2,625 -2,338 -9,824 -1,521 -8,036 -15,601 -22,603 -32,774 4. DEBT INDICATORS EDT / XGS (%) 196.1 178.2 203.2 223.5 199.9 172.3 156.5 170.3 EDT / GNI (%) 32.5 43.0 58.2 71.7 60.4 53.4 46.7 51.7 TDS / XGS (%) 29.4 27.7 36.0 47.1 39.2 35.3 38.2 33.2 INT / XGS (%) 13.5 10.7 11.9 9.5 9.3 7.8 7.8 7.8 INT / GNI (%) 2.2 2.6 3.4 3.0 2.8 2.4 2.3 2.4 RES / EDT (%) 15.4 18.8 20.1 21.6 24.6 23.2 31.0 30.4 RES / MGS (months) 3.2 3.7 4.2 5.6 5.3 4.1 4.8 4.9 Short-term / EDT (%) 19.2 21.3 24.7 12.5 15.9 19.8 21.9 20.4 Concessional / EDT (%) 15.1 10.2 4.3 3.5 3.5 3.2 2.4 2.0 Multilateral / EDT (%) 19.5 12.1 4.9 5.1 4.6 4.8 4.5 4.2 396 TURKEY (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 5. LONG-TERM DEBT DEBT OUTSTANDING (LDOD) 39,924 57,396 84,020 92,441 97,246 107,645 117,533 154,777 Public and publicly guaranteed 38,870 50,317 56,191 59,987 63,447 67,669 61,918 67,214 Official creditors 18,150 17,324 12,815 13,308 12,983 13,833 12,165 13,110 Multilateral 9,627 8,962 5,686 6,669 6,569 7,792 7,655 8,740 Concessional 825 1,145 468 257 267 343 486 510 Bilateral 8,523 8,362 7,130 6,639 6,414 6,042 4,510 4,371 Concessional 6,625 6,413 4,516 4,313 4,801 4,738 3,551 3,548 Private creditors 20,720 32,993 43,376 46,678 50,464 53,836 49,753 54,104 of which: Bonds 4,976 13,646 21,766 22,906 25,643 28,102 27,834 31,790 Commercial banks 13,403 15,643 19,411 22,003 23,301 24,511 21,047 21,649 Private nonguaranteed 1,054 7,079 27,828 32,455 33,799 39,976 55,614 87,563 Bonds 16 149 1,784 1,882 1,529 2,050 4,025 5,776 Commercial banks and other 1,038 6,929 26,044 30,572 32,271 37,926 51,589 81,787 Memo: IBRD 6,272 4,939 3,634 5,367 5,214 6,153 5,829 6,854 IDA 157 130 101 89 83 77 71 65 Public sector LDOD 38,570 50,131 56,174 59,986 63,400 67,533 61,747 66,966 Private sector LDOD 1,354 7,265 27,846 32,455 33,846 40,112 55,786 87,811 DISBURSEMENTS 5,243 6,638 23,126 22,308 17,777 29,530 41,897 57,639 Public and publicly guaranteed 4,700 4,862 14,245 7,458 6,134 10,007 7,721 9,530 Official creditors 2,138 808 2,418 1,691 815 2,086 1,011 2,341 Multilateral 1,083 466 1,505 1,161 417 1,849 885 2,036 Concessional 12 8 1 0 25 81 188 16 Bilateral 1,056 342 913 530 398 237 126 306 Concessional 900 117 348 371 311 189 103 260 Private creditors 2,561 4,053 11,826 5,767 5,320 7,921 6,711 7,189 of which: Bonds 644 2,343 7,118 3,152 3,417 5,739 5,230 5,509 Commercial banks 1,435 1,256 4,258 2,380 1,763 2,131 1,476 1,680 Private nonguaranteed 543 1,777 8,881 14,851 11,643 19,523 34,176 48,108 Bonds 0 0 454 200 0 700 3,125 1,727 Commercial banks and other 543 1,777 8,427 14,651 11,643 18,823 31,051 46,381 Memo: IBRD 627 422 1,291 1,031 276 1,499 461 1,796 IDA 0 0 0 0 0 0 0 0 PRINCIPAL REPAYMENTS 3,961 7,020 13,777 15,686 19,834 20,959 25,057 23,519 Public and publicly guaranteed 3,677 5,987 6,301 6,474 8,532 8,054 8,309 6,142 Official creditors 1,920 1,991 1,747 1,544 2,078 1,569 1,945 1,621 Multilateral 825 1,229 1,044 677 711 717 894 992 Concessional 23 54 32 25 27 15 14 15 Bilateral 1,094 762 702 867 1,367 852 1,051 629 Concessional 364 465 440 412 429 463 774 430 Private creditors 1,758 3,996 4,554 4,930 6,454 6,485 6,364 4,521 of which: Bonds 47 1,716 1,869 2,553 2,939 4,083 3,993 2,463 Commercial banks 1,204 1,579 1,808 1,993 3,028 2,034 2,061 1,836 Private nonguaranteed 283 1,033 7,476 9,211 11,303 12,906 16,748 17,376 Bonds 0 0 0 0 431 172 1,150 0 Commercial banks and other 283 1,033 7,476 9,211 10,872 12,734 15,598 17,376 Memo: IBRD 620 882 486 437 496 580 755 807 IDA 4 6 6 6 6 6 6 6 INTEREST PAYMENTS (LINT) 2,891 3,464 5,015 4,275 5,227 5,323 6,381 7,501 Public and publicly guaranteed 2,830 3,126 3,481 3,643 3,972 4,095 4,376 4,324 Official creditors 1,043 977 668 568 506 435 591 523 Multilateral 688 656 374 338 292 266 447 400 Concessional 30 44 13 9 8 9 13 17 Bilateral 355 321 293 230 213 169 144 123 Concessional 172 204 137 104 103 109 96 85 Private creditors 1,787 2,149 2,814 3,075 3,466 3,660 3,784 3,801 of which: Bonds 383 1,074 1,598 1,929 2,291 2,563 2,668 2,592 Commercial banks 1,204 782 1,069 1,051 1,086 1,028 1,060 1,164 Private nonguaranteed 61 339 1,533 632 1,255 1,228 2,005 3,177 Bonds 1 13 126 183 189 165 338 328 Commercial banks and other 60 326 1,407 450 1,065 1,063 1,667 2,849 Memo: IBRD 511 396 237 271 232 201 248 329 IDA 1 1 1 1 1 1 1 1 397 TURKEY (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 6. CURRENCY COMPOSITION OF PUBLIC AND PUBLICLY GUARANTEED DEBT (PERCENT) Euro .. .. .. 25.2 26.1 26.2 24.7 26.2 Japanese yen 12.1 23.3 12.6 8.6 7.0 5.0 3.9 3.3 Pound sterling 0.8 0.9 0.8 0.6 0.2 0.1 0.1 0.0 Swiss franc 5.2 2.9 0.3 0.3 0.3 0.3 0.3 0.3 U.S.dollars 40.0 38.3 57.6 64.5 65.8 67.8 70.6 69.6 7. DEBT RESTRUCTURINGS Total amount rescheduled 0 0 0 0 0 0 0 0 Debt stock rescheduled 0 0 0 0 0 0 0 0 Principal rescheduled 0 0 0 0 0 0 0 0 Official 0 0 0 0 0 0 0 0 Private 0 0 0 0 0 0 0 0 Interest rescheduled 0 0 0 0 0 0 0 0 Official 0 0 0 0 0 0 0 0 Private 0 0 0 0 0 0 0 0 Debt forgiven 0 0 0 0 0 0 0 0 Memo: interest forgiven 0 0 0 0 0 0 0 0 Debt stock reduction 0 0 0 0 0 0 0 0 of which debt buyback 0 0 0 0 0 0 0 0 8. DEBT STOCK-FLOW RECONCILIATION Total change in debt stocks 7,847 7,532 15,115 17,791 13,399 16,701 8,227 38,575 Net flows on debt 4,988 4,350 18,161 13,192 3,054 13,953 16,720 34,783 Cross-currency valuation 1,874 675 -1,998 4,293 5,779 2,516 -4,492 2,525 9. AVERAGE TERMS OF NEW COMMITMENTS ALL CREDITORS Interest (%) 8.4 6.2 8.2 6.2 7.2 5.6 5.0 5.9 Maturity (years) 10.2 5.4 11.6 9.3 9.5 13.7 16.7 16.2 Grace period (years) 4.6 2.9 7.7 4.7 6.5 10.3 10.4 12.0 Grant element (%) 9.2 11.5 5.7 17.1 13.4 24.4 32.8 26.9 Official creditors Interest (%) 6.7 5.4 7.0 3.4 4.0 2.7 2.7 4.5 Maturity (years) 17.0 17.7 15.1 14.8 17.5 17.8 24.9 17.5 Grace period (years) 7.3 5.7 5.0 5.1 5.4 5.3 6.8 6.3 Grant element (%) 23.4 27.6 17.8 36.4 36.6 45.5 52.4 34.3 Private creditors Interest (%) 9.4 6.3 8.5 7.6 7.5 6.4 6.0 6.4 Maturity (years) 6.5 4.5 10.8 6.5 8.7 12.4 13.1 15.7 Grace period (years) 3.2 2.7 8.3 4.4 6.6 11.8 12.0 14.4 Grant element (%) 1.5 10.3 2.8 7.4 11.3 18.2 24.2 23.8 10. CONTRACTUAL OBLIGATIONS ON OUTSTANDING LONG-TERM DEBT 2007 2008 2009 2010 2011 2012 2013 2014 TOTAL Principal 28,171 21,190 16,423 13,942 13,377 11,587 9,175 8,851 Interest 9,072 8,925 8,256 6,795 6,188 5,313 4,488 3,651 Official creditors Principal 1,448 1,426 1,526 1,532 1,535 1,524 1,527 1,483 Interest 641 649 632 591 544 492 437 378 Bilateral creditors Principal 622 558 586 462 371 345 330 308 Interest 133 127 115 95 83 72 63 54 Multilateral creditors Principal 827 868 940 1,070 1,164 1,179 1,197 1,175 Interest 509 523 517 495 461 420 374 324 Private creditors Principal 26,723 19,764 14,897 12,410 11,843 10,063 7,648 7,367 Interest 8,430 8,276 7,624 6,204 5,644 4,820 4,051 3,273 Notes: Long-term debt data include nonresident deposits made under the Dresdner Bank scheme, amounting to $13.1 billion at end-2006. 398 TURKMENISTAN (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 1. SUMMARY DEBT DATA TOTAL DEBT STOCKS (EDT) .. 402 2,518 1,975 1,743 1,522 1,058 881 Long-term debt (LDOD) .. 385 2,288 1,629 1,447 1,267 911 729 Public and publicly guaranteed .. 385 2,271 1,583 1,402 1,227 878 725 Private nonguaranteed .. 0 17 46 45 41 33 4 Use of IMF credit .. 0 0 0 0 0 0 0 Short-term debt .. 17 230 346 296 255 147 152 of which interest arrears on LDOD .. 9 5 5 5 5 5 4 Official creditors .. 5 3 3 5 5 5 3 Private creditors .. 5 2 2 0 0 0 0 Memorandum items Principal arrears on LDOD .. 130 148 52 21 24 17 1 Official creditors .. 115 11 15 21 23 17 1 Private creditors .. 15 137 37 0 1 0 0 TOTAL DEBT FLOWS Disbursements .. 113 430 86 156 129 89 5 Long-term debt .. 113 430 86 156 129 89 5 IMF purchases .. 0 0 0 0 0 0 0 Principal repayments .. 80 353 461 396 354 261 216 Long-term debt .. 80 353 461 396 354 261 216 IMF repurchases .. 0 0 0 0 0 0 0 Net flows on debt .. -39 -2 -413 -290 -267 -280 -206 of which short-term debt .. -72 -79 -39 -50 -41 -108 6 Interest payments (INT) .. 24 115 97 53 51 46 38 Long-term debt .. 22 102 84 43 41 39 33 IMF charges .. 0 0 0 0 0 0 0 Short-term debt .. 2 13 13 10 10 7 5 Net transfers on debt .. -63 -117 -510 -343 -318 -326 -244 Total debt service paid (TDS) .. 104 468 558 449 405 307 255 Long-term debt .. 102 455 545 439 395 301 250 IMF repurchases and charges .. 0 0 0 0 0 0 0 Short-term debt (interest only) .. 2 13 13 10 10 7 5 2. OTHER NET RESOURCE FLOWS (LONG-TERM) Net flow of long-term debt (ex. IMF) .. 33 77 -374 -240 -226 -172 -212 Foreign direct investment (net) .. 233 126 100 100 -15 62 731 Portfolio equity flows .. 0 0 0 0 0 0 0 Grants (excluding technical coop.) .. 1 7 7 6 5 8 10 of which: Debt forgiveness grants .. .. 0 0 0 0 0 0 IDA grants .. .. .. 0 0 0 0 0 Memo: technical coop. grants .. 13 12 17 12 28 24 22 Interest on long-term debt .. 22 102 84 43 41 39 33 Profit remittances on FDI .. 0 0 0 0 0 0 0 3. MAJOR ECONOMIC AGGREGATES Gross national income (GNI) .. 2,501 2,727 4,340 5,900 6,729 7,539 9,870 Exports of goods, serv. & inc. (XGS) .. .. .. .. .. .. .. .. Worker remit. & comp. of employees .. 0 0 0 0 0 0 0 Imports of goods & services (MGS) .. .. .. .. .. .. .. .. International reserves (RES) .. 1,168 .. .. .. .. .. .. Current account balance .. .. .. .. .. .. .. .. 4. DEBT INDICATORS EDT / XGS (%) .. .. .. .. .. .. .. .. EDT / GNI (%) .. 16.1 92.3 45.5 29.5 22.6 14.0 8.9 TDS / XGS (%) .. .. .. .. .. .. .. .. INT / XGS (%) .. .. .. .. .. .. .. .. INT / GNI (%) .. 1.0 4.2 2.2 0.9 0.8 0.6 0.4 RES / EDT (%) .. 290.4 .. .. .. .. .. .. RES / MGS (months) .. .. .. .. .. .. .. .. Short-term / EDT (%) .. 4.3 9.1 17.5 17.0 16.7 13.9 17.2 Concessional / EDT (%) .. 4.9 21.1 28.3 37.3 42.6 50.9 54.8 Multilateral / EDT (%) .. 14.5 1.9 2.7 2.7 3.0 3.8 3.4 399 TURKMENISTAN (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 5. LONG-TERM DEBT DEBT OUTSTANDING (LDOD) .. 385 2,288 1,629 1,447 1,267 911 729 Public and publicly guaranteed .. 385 2,271 1,583 1,402 1,227 878 725 Official creditors .. 219 839 821 890 856 686 570 Multilateral .. 58 48 54 48 46 40 30 Concessional .. 0 0 0 0 0 0 0 Bilateral .. 161 790 767 843 810 645 540 Concessional .. 20 532 558 651 649 539 483 Private creditors .. 166 1,433 763 512 371 192 155 of which: Bonds .. 0 0 0 0 0 0 0 Commercial banks .. 0 240 210 204 178 125 109 Private nonguaranteed .. 0 17 46 45 41 33 4 Bonds .. 0 0 0 0 0 0 0 Commercial banks and other .. 0 17 46 45 41 33 4 Memo: IBRD .. 1 28 31 30 31 29 21 IDA .. 0 0 0 0 0 0 0 Public sector LDOD .. 385 2,271 1,583 1,402 1,227 878 725 Private sector LDOD .. 0 17 46 45 41 33 4 DISBURSEMENTS .. 113 430 86 156 129 89 5 Public and publicly guaranteed .. 113 421 34 87 68 25 4 Official creditors .. 32 293 34 87 68 25 4 Multilateral .. 1 29 2 0 4 0 0 Concessional .. 0 0 0 0 0 0 0 Bilateral .. 31 263 32 87 64 24 4 Concessional .. 0 256 32 87 64 24 4 Private creditors .. 81 128 0 0 0 0 0 of which: Bonds .. 0 0 0 0 0 0 0 Commercial banks .. 0 91 0 0 0 0 0 Private nonguaranteed .. 0 9 52 68 61 64 0 Bonds .. 0 0 0 0 0 0 0 Commercial banks and other .. 0 9 52 68 61 64 0 Memo: IBRD .. 1 20 2 0 3 0 0 IDA .. 0 0 0 0 0 0 0 PRINCIPAL REPAYMENTS .. 80 353 461 396 354 261 216 Public and publicly guaranteed .. 80 347 428 326 290 189 188 Official creditors .. 20 44 94 102 131 113 140 Multilateral .. 0 5 4 8 6 5 11 Concessional .. 0 0 0 0 0 0 0 Bilateral .. 20 39 91 94 125 108 130 Concessional .. 0 9 55 60 90 64 79 Private creditors .. 61 303 334 224 159 77 48 of which: Bonds .. 0 0 0 0 0 0 0 Commercial banks .. 0 13 42 33 36 35 27 Private nonguaranteed .. 0 6 33 70 65 72 28 Bonds .. 0 0 0 0 0 0 0 Commercial banks and other .. 0 6 33 70 65 72 28 Memo: IBRD .. 0 1 2 2 2 2 8 IDA .. 0 0 0 0 0 0 0 INTEREST PAYMENTS (LINT) .. 22 102 84 43 41 39 33 Public and publicly guaranteed .. 22 101 83 42 39 37 32 Official creditors .. 12 28 34 23 25 24 24 Multilateral .. 2 2 1 2 2 2 2 Concessional .. 0 0 0 0 0 0 0 Bilateral .. 10 25 33 21 23 22 21 Concessional .. 0 9 18 15 17 16 15 Private creditors .. 10 73 49 19 14 13 9 of which: Bonds .. 0 0 0 0 0 0 0 Commercial banks .. 0 8 14 5 6 6 5 Private nonguaranteed .. 0 1 1 1 2 2 1 Bonds .. 0 0 0 0 0 0 0 Commercial banks and other .. 0 1 1 1 2 2 1 Memo: IBRD .. 0 1 1 1 1 1 1 IDA .. 0 0 0 0 0 0 0 400 TURKMENISTAN (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 6. CURRENCY COMPOSITION OF PUBLIC AND PUBLICLY GUARANTEED DEBT (PERCENT) Euro .. .. .. 21.6 30.1 36.4 31.8 36.1 Japanese yen .. 0.0 31.6 40.2 40.1 41.4 43.7 43.6 Pound sterling .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Swiss franc .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 U.S.dollars .. 72.1 51.5 35.3 26.1 17.8 18.2 13.5 7. DEBT RESTRUCTURINGS Total amount rescheduled .. 0 48 0 0 0 0 0 Debt stock rescheduled .. 0 0 0 0 0 0 0 Principal rescheduled .. 0 47 0 0 0 0 0 Official .. 0 47 0 0 0 0 0 Private .. 0 0 0 0 0 0 0 Interest rescheduled .. 0 1 0 0 0 0 0 Official .. 0 1 0 0 0 0 0 Private .. 0 0 0 0 0 0 0 Debt forgiven .. 0 0 0 0 0 0 0 Memo: interest forgiven .. 0 0 0 0 0 0 0 Debt stock reduction .. 0 0 0 0 0 0 0 of which debt buyback .. 0 0 0 0 0 0 0 8. DEBT STOCK-FLOW RECONCILIATION Total change in debt stocks .. -29 -118 -296 -232 -221 -464 -177 Net flows on debt .. -39 -2 -413 -290 -267 -280 -206 Cross-currency valuation .. 6 -87 130 139 50 -120 31 9. AVERAGE TERMS OF NEW COMMITMENTS ALL CREDITORS Interest (%) .. 6.3 4.0 4.0 3.0 0.0 1.4 3.2 Maturity (years) .. 8.0 10.2 13.0 10.1 0.0 13.8 20.1 Grace period (years) .. 2.0 3.7 3.5 3.4 0.0 6.0 4.6 Grant element (%) .. 12.9 27.9 30.9 32.2 0.0 51.5 44.7 Official creditors Interest (%) .. 4.4 4.0 4.0 3.0 0.0 1.4 3.2 Maturity (years) .. 13.4 10.2 13.0 10.1 0.0 13.8 20.1 Grace period (years) .. 2.8 3.7 3.5 3.4 0.0 6.0 4.6 Grant element (%) .. 24.4 27.9 30.9 32.2 0.0 51.5 44.7 Private creditors Interest (%) .. 6.5 0.0 0.0 0.0 0.0 0.0 0.0 Maturity (years) .. 7.4 0.0 0.0 0.0 0.0 0.0 0.0 Grace period (years) .. 1.9 0.0 0.0 0.0 0.0 0.0 0.0 Grant element (%) .. 11.8 0.0 0.0 0.0 0.0 0.0 0.0 10. CONTRACTUAL OBLIGATIONS ON OUTSTANDING LONG-TERM DEBT 2007 2008 2009 2010 2011 2012 2013 2014 TOTAL Principal 155 130 127 110 89 31 28 28 Interest 28 23 18 13 9 7 5 4 Official creditors Principal 118 93 93 76 71 31 28 28 Interest 20 16 13 11 9 7 5 4 Bilateral creditors Principal 115 90 90 73 67 27 26 26 Interest 18 15 12 10 8 6 5 4 Multilateral creditors Principal 4 3 3 3 3 3 2 2 Interest 2 2 1 1 1 1 1 0 Private creditors Principal 37 37 34 34 18 0 0 0 Interest 8 6 4 2 1 0 0 0 Notes: Country reassumed reporting in 2005. Private nonguaranteed debt are World Bank staff estimates. 401 UGANDA (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 1. SUMMARY DEBT DATA TOTAL DEBT STOCKS (EDT) 2,606 3,609 3,497 3,980 4,543 4,753 4,427 1,264 Long-term debt (LDOD) 2,177 3,089 3,051 3,565 4,158 4,426 4,216 1,107 Public and publicly guaranteed 2,177 3,089 3,051 3,565 4,158 4,426 4,216 1,107 Private nonguaranteed 0 0 0 0 0 0 0 0 Use of IMF credit 282 417 316 257 236 192 131 9 Short-term debt 146 103 129 158 148 135 79 148 of which interest arrears on LDOD 89 69 58 74 73 76 29 27 Official creditors 38 57 56 73 73 76 29 27 Private creditors 51 12 2 2 0 0 0 0 Memorandum items Principal arrears on LDOD 225 226 124 207 198 204 75 64 Official creditors 103 162 108 186 198 204 75 64 Private creditors 122 64 16 21 0 0 0 0 TOTAL DEBT FLOWS Disbursements 372 290 230 152 349 215 236 263 Long-term debt 293 234 219 150 343 212 230 260 IMF purchases 79 56 12 2 6 3 6 3 Principal repayments 109 97 48 45 57 66 136 85 Long-term debt 65 69 26 26 32 37 100 85 IMF repurchases 43 28 21 19 25 29 36 0 Net flows on debt 269 189 177 118 283 133 91 249 of which short-term debt 6 -4 -6 11 -9 -15 -10 71 Interest payments (INT) 36 38 26 25 27 37 36 30 Long-term debt 18 34 21 22 25 34 33 25 IMF charges 13 2 2 1 1 1 0 0 Short-term debt 5 2 4 1 1 2 3 4 Net transfers on debt 233 150 151 93 256 97 55 220 Total debt service paid (TDS) 145 135 74 70 84 103 172 115 Long-term debt 84 103 47 49 57 70 133 110 IMF repurchases and charges 56 30 23 20 26 30 36 0 Short-term debt (interest only) 5 2 4 1 1 2 3 4 2. OTHER NET RESOURCE FLOWS (LONG-TERM) Net flow of long-term debt (ex. IMF) 227 165 192 124 311 175 131 175 Foreign direct investment (net) -6 121 161 185 202 295 380 392 Portfolio equity flows 0 0 0 0 0 24 0 19 Grants (excluding technical coop.) 257 400 527 508 554 981 840 4,326 of which: Debt forgiveness grants .. .. 24 40 21 86 30 3,311 IDA grants .. .. .. 74 18 178 184 124 Memo: technical coop. grants 91 147 129 154 177 214 221 267 Interest on long-term debt 18 34 21 22 25 34 33 25 Profit remittances on FDI 0 60 19 63 83 219 202 235 3. MAJOR ECONOMIC AGGREGATES Gross national income (GNI) 4,227 5,698 5,819 5,719 6,127 6,694 8,583 9,284 Exports of goods, serv. & inc. (XGS) 178 682 954 1,150 1,162 1,474 1,845 2,380 Worker remit. & comp. of employees 0 0 238 421 306 371 423 814 Imports of goods & services (MGS) 734 1,603 1,574 1,758 1,919 2,441 2,866 3,526 International reserves (RES) 44 459 808 934 1,080 1,308 1,344 1,811 Current account balance -263 -281 -359 -362 -354 -288 -386 -240 4. DEBT INDICATORS EDT / XGS (%) 1,465.6 529.2 366.4 346.0 390.8 322.5 240.0 53.1 EDT / GNI (%) 61.6 63.3 60.1 69.6 74.1 71.0 51.6 13.6 TDS / XGS (%) 81.4 19.8 7.8 6.1 7.2 7.0 9.3 4.8 INT / XGS (%) 20.2 5.6 2.7 2.2 2.3 2.5 1.9 1.2 INT / GNI (%) 0.8 0.7 0.5 0.4 0.4 0.6 0.4 0.3 RES / EDT (%) 1.7 12.7 23.1 23.5 23.8 27.5 30.4 143.3 RES / MGS (months) 0.7 3.4 6.2 6.4 6.8 6.4 5.6 6.2 Short-term / EDT (%) 5.6 2.8 3.7 4.0 3.3 2.8 1.8 11.7 Concessional / EDT (%) 55.7 76.8 83.4 85.5 87.1 88.7 90.3 69.3 Multilateral / EDT (%) 49.4 61.8 75.3 79.6 83.3 86.4 89.0 67.9 402 UGANDA (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 5. LONG-TERM DEBT DEBT OUTSTANDING (LDOD) 2,177 3,089 3,051 3,565 4,158 4,426 4,216 1,107 Public and publicly guaranteed 2,177 3,089 3,051 3,565 4,158 4,426 4,216 1,107 Official creditors 1,843 3,002 3,027 3,534 4,141 4,401 4,190 1,080 Multilateral 1,287 2,232 2,634 3,170 3,784 4,105 3,940 858 Concessional 1,129 2,134 2,578 3,105 3,656 3,977 3,843 733 Bilateral 556 770 393 365 357 297 250 222 Concessional 322 639 338 298 301 240 153 142 Private creditors 335 87 24 30 17 24 27 26 of which: Bonds 4 4 4 4 0 0 0 0 Commercial banks 89 21 9 4 4 3 2 2 Private nonguaranteed 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 Commercial banks and other 0 0 0 0 0 0 0 0 Memo: IBRD 34 0 0 0 0 0 0 0 IDA 935 1,792 2,115 2,576 3,061 3,303 3,141 436 Public sector LDOD 2,157 3,066 3,047 3,561 4,154 4,426 4,216 1,107 Private sector LDOD 20 23 5 4 4 0 0 0 DISBURSEMENTS 293 234 219 150 343 212 230 260 Public and publicly guaranteed 293 234 219 150 343 212 230 260 Official creditors 254 234 219 145 335 204 227 260 Multilateral 219 213 218 136 335 204 227 260 Concessional 215 203 217 135 282 204 220 229 Bilateral 36 21 0 9 0 0 0 0 Concessional 23 20 0 8 0 0 0 0 Private creditors 38 0 0 5 8 8 4 0 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 4 0 0 0 0 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 Commercial banks and other 0 0 0 0 0 0 0 0 Memo: IBRD 0 0 0 0 0 0 0 0 IDA 199 159 190 109 260 138 133 156 PRINCIPAL REPAYMENTS 65 69 26 26 32 37 100 85 Public and publicly guaranteed 65 69 26 26 32 37 100 85 Official creditors 44 60 25 26 31 36 99 84 Multilateral 19 49 9 21 26 30 35 52 Concessional 4 18 7 17 19 21 25 37 Bilateral 25 11 16 4 5 6 64 33 Concessional 4 4 10 3 4 4 17 16 Private creditors 22 9 1 1 1 1 1 1 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 14 7 1 1 1 1 1 1 Private nonguaranteed 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 Commercial banks and other 0 0 0 0 0 0 0 0 Memo: IBRD 4 12 0 0 0 0 0 0 IDA 2 8 3 14 16 17 21 24 INTEREST PAYMENTS (LINT) 18 34 21 22 25 34 33 25 Public and publicly guaranteed 18 34 21 22 25 34 33 25 Official creditors 17 32 20 22 25 34 33 25 Multilateral 13 22 10 20 23 32 31 24 Concessional 6 16 9 19 22 30 30 23 Bilateral 4 10 11 2 2 2 2 1 Concessional 1 7 7 2 1 2 1 1 Private creditors 1 2 0 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 1 2 0 0 0 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 Commercial banks and other 0 0 0 0 0 0 0 0 Memo: IBRD 2 1 0 0 0 0 0 0 IDA 5 13 6 15 18 24 24 15 403 UGANDA (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 6. CURRENCY COMPOSITION OF PUBLIC AND PUBLICLY GUARANTEED DEBT (PERCENT) Euro .. .. .. 2.2 3.2 3.0 2.8 13.7 Japanese yen 0.3 1.2 1.8 1.5 1.4 0.0 0.0 0.0 Pound sterling 6.7 2.1 0.6 0.1 0.0 0.0 0.0 0.0 Swiss franc 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 U.S.dollars 53.0 66.2 62.5 65.5 66.6 67.9 67.8 53.0 7. DEBT RESTRUCTURINGS Total amount rescheduled 16 172 35 1 6 3 154 0 Debt stock rescheduled 0 142 38 1 10 0 0 0 Principal rescheduled 4 0 0 0 8 4 108 0 Official 3 0 0 0 2 4 108 0 Private 0 0 0 0 6 0 0 0 Interest rescheduled 1 30 0 0 1 0 47 0 Official 1 30 0 0 0 0 47 0 Private 0 0 0 0 1 0 0 0 Debt forgiven 51 0 13 17 26 31 34 14 Memo: interest forgiven 1 1 11 3 5 3 2 1 Debt stock reduction 0 40 165 108 9 58 0 3,410 of which debt buyback 0 0 0 0 0 0 0 0 8. DEBT STOCK-FLOW RECONCILIATION Total change in debt stocks 410 211 -1 249 563 210 -326 -3,163 Net flows on debt 269 189 177 118 283 133 91 249 Cross-currency valuation 203 50 -150 224 292 141 -316 -3,086 9. AVERAGE TERMS OF NEW COMMITMENTS ALL CREDITORS Interest (%) 1.0 0.9 1.0 0.8 0.7 1.0 0.6 0.5 Maturity (years) 33.0 39.2 39.2 37.4 46.4 25.2 45.9 39.5 Grace period (years) 9.0 10.0 7.7 9.5 10.3 6.5 10.0 7.5 Grant element (%) 68.4 79.4 74.9 76.8 82.4 62.8 82.4 79.0 Official creditors Interest (%) 1.1 0.9 0.8 0.8 0.7 1.0 0.6 0.5 Maturity (years) 36.5 39.2 40.0 37.5 46.4 25.2 45.9 39.5 Grace period (years) 9.9 10.0 7.9 9.5 10.3 6.5 10.0 7.5 Grant element (%) 74.9 79.4 76.7 76.8 82.4 62.8 82.4 79.0 Private creditors Interest (%) 0.5 0.0 7.5 8.0 0.0 0.0 0.0 0.0 Maturity (years) 1.3 0.0 8.2 2.2 0.0 0.0 0.0 0.0 Grace period (years) 0.7 0.0 2.8 0.7 0.0 0.0 0.0 0.0 Grant element (%) 8.8 0.0 9.6 2.3 0.0 0.0 0.0 0.0 10. CONTRACTUAL OBLIGATIONS ON OUTSTANDING LONG-TERM DEBT 2007 2008 2009 2010 2011 2012 2013 2014 TOTAL Principal 53 57 57 46 53 52 55 53 Interest 12 13 13 13 13 13 13 12 Official creditors Principal 53 56 57 46 53 52 55 52 Interest 12 12 13 13 13 13 13 12 Bilateral creditors Principal 26 26 24 15 14 12 11 9 Interest 2 2 1 1 1 1 1 0 Multilateral creditors Principal 27 31 33 30 39 40 44 43 Interest 10 11 12 12 12 12 12 12 Private creditors Principal 1 0 0 1 0 0 0 1 Interest 0 0 0 0 0 0 0 0 Notes: Uganada was granted debt relief effective in 2006 under the Multilateral Debt Relief Initiative. 404 UKRAINE (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 1. SUMMARY DEBT DATA TOTAL DEBT STOCKS (EDT) .. 8,429 12,190 21,714 23,991 30,186 33,297 49,887 Long-term debt (LDOD) .. 6,664 9,670 11,024 13,140 18,140 20,047 33,696 Public and publicly guaranteed .. 6,581 8,142 8,272 8,891 10,590 10,458 9,538 Private nonguaranteed .. 84 1,528 2,752 4,250 7,551 9,588 24,158 Use of IMF credit .. 1,542 2,073 1,876 1,836 1,605 1,188 830 Short-term debt .. 223 447 8,814 9,015 10,440 12,063 15,361 of which interest arrears on LDOD .. 35 183 8 158 185 110 150 Official creditors .. 5 25 0 0 0 0 0 Private creditors .. 30 159 8 158 185 110 150 Memorandum items Principal arrears on LDOD .. 88 567 351 257 288 240 286 Official creditors .. 17 143 282 0 0 0 0 Private creditors .. 71 424 69 257 288 240 286 TOTAL DEBT FLOWS Disbursements .. 1,997 1,638 2,861 4,496 8,333 7,969 15,776 Long-term debt .. 801 1,387 2,861 4,496 8,333 7,969 15,776 IMF purchases .. 1,196 251 0 0 0 0 0 Principal repayments .. 636 2,952 2,617 3,151 3,524 4,411 7,135 Long-term debt .. 636 2,103 2,434 2,949 3,225 4,111 6,724 IMF repurchases .. 0 849 182 202 299 300 410 Net flows on debt .. 1,337 -1,287 643 1,396 6,207 5,257 11,899 of which short-term debt .. -24 26 399 50 1,398 1,698 3,258 Interest payments (INT) .. 501 709 865 776 1,069 1,479 2,254 Long-term debt .. 447 573 550 475 677 1,036 1,726 IMF charges .. 42 122 55 35 45 50 53 Short-term debt .. 12 14 260 266 347 393 475 Net transfers on debt .. 836 -1,996 -222 619 5,139 3,777 9,644 Total debt service paid (TDS) .. 1,137 3,661 3,482 3,927 4,593 5,890 9,389 Long-term debt .. 1,083 2,676 2,984 3,424 3,902 5,147 8,450 IMF repurchases and charges .. 42 971 238 238 344 350 463 Short-term debt (interest only) .. 12 14 260 266 347 393 475 2. OTHER NET RESOURCE FLOWS (LONG-TERM) Net flow of long-term debt (ex. IMF) .. 165 -716 427 1,548 5,108 3,858 9,051 Foreign direct investment (net) .. 267 595 693 1,424 1,715 7,808 5,604 Portfolio equity flows .. 0 -193 -1,958 -1,705 -61 82 322 Grants (excluding technical coop.) .. 64 0 0 0 0 191 228 of which: Debt forgiveness grants .. .. 0 0 0 0 0 0 IDA grants .. .. .. 0 0 0 0 0 Memo: technical coop. grants .. 120 0 0 0 0 214 261 Interest on long-term debt .. 447 573 550 475 677 1,036 1,726 Profit remittances on FDI .. 0 43 105 90 180 268 996 3. MAJOR ECONOMIC AGGREGATES Gross national income (GNI) .. 47,780 30,320 41,787 49,552 64,238 85,157 104,747 Exports of goods, serv. & inc. (XGS) .. 17,337 19,665 23,649 29,392 41,873 45,372 51,860 Worker remit. & comp. of employees .. 0 33 209 330 411 595 829 Imports of goods & services (MGS) .. 18,961 19,032 22,263 28,500 37,347 45,450 56,361 International reserves (RES) .. 1,069 1,477 4,462 6,946 9,718 19,388 22,360 Current account balance .. -1,152 1,481 3,174 2,891 6,909 2,531 -1,617 4. DEBT INDICATORS EDT / XGS (%) .. 48.6 62.0 91.8 81.6 72.1 73.4 96.2 EDT / GNI (%) .. 17.6 40.2 52.0 48.4 47.0 39.1 47.6 TDS / XGS (%) .. 6.6 18.6 14.7 13.4 11.0 13.0 18.1 INT / XGS (%) .. 2.9 3.6 3.7 2.6 2.6 3.3 4.3 INT / GNI (%) .. 1.0 2.3 2.1 1.6 1.7 1.7 2.2 RES / EDT (%) .. 12.7 12.1 20.6 29.0 32.2 58.2 44.8 RES / MGS (months) .. 0.7 0.9 2.4 2.9 3.1 5.1 4.8 Short-term / EDT (%) .. 2.6 3.7 40.6 37.6 34.6 36.2 30.8 Concessional / EDT (%) .. 0.8 18.5 10.7 9.3 7.0 5.8 3.6 Multilateral / EDT (%) .. 7.8 19.5 11.9 11.3 8.6 8.3 5.3 405 UKRAINE (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 5. LONG-TERM DEBT DEBT OUTSTANDING (LDOD) .. 6,664 9,670 11,024 13,140 18,140 20,047 33,696 Public and publicly guaranteed .. 6,581 8,142 8,272 8,891 10,590 10,458 9,538 Official creditors .. 4,346 5,005 5,529 5,580 5,313 5,123 4,782 Multilateral .. 659 2,377 2,594 2,708 2,600 2,768 2,662 Concessional .. 0 0 0 0 0 0 0 Bilateral .. 3,687 2,628 2,935 2,872 2,713 2,355 2,119 Concessional .. 64 2,257 2,327 2,238 2,122 1,927 1,772 Private creditors .. 2,235 3,136 2,743 3,311 5,276 5,336 4,756 of which: Bonds .. 1,200 2,379 2,523 2,150 2,957 2,958 2,469 Commercial banks .. 130 134 62 74 1,259 1,349 1,260 Private nonguaranteed .. 84 1,528 2,752 4,250 7,551 9,588 24,158 Bonds .. 0 0 0 0 100 550 1,513 Commercial banks and other .. 84 1,528 2,752 4,250 7,451 9,038 22,645 Memo: IBRD .. 491 1,991 2,233 2,271 2,168 2,429 2,362 IDA .. 0 0 0 0 0 0 0 Public sector LDOD .. 6,581 8,117 8,268 8,883 10,579 10,442 9,529 Private sector LDOD .. 84 1,553 2,756 4,257 7,561 9,605 24,166 DISBURSEMENTS .. 801 1,387 2,861 4,496 8,333 7,969 15,776 Public and publicly guaranteed .. 732 183 501 1,212 2,646 1,415 131 Official creditors .. 550 151 101 212 108 567 131 Multilateral .. 525 129 98 208 104 560 131 Concessional .. 0 0 0 0 0 0 0 Bilateral .. 25 22 3 3 4 7 0 Concessional .. 25 16 1 0 0 1 0 Private creditors .. 182 32 400 1,000 2,538 847 0 of which: Bonds .. 0 0 399 0 1,358 747 0 Commercial banks .. 0 14 0 0 1,180 100 0 Private nonguaranteed .. 69 1,204 2,360 3,285 5,688 6,554 15,645 Bonds .. 0 0 0 0 100 450 962 Commercial banks and other .. 69 1,204 2,360 3,285 5,588 6,104 14,683 Memo: IBRD .. 401 113 45 95 33 484 85 IDA .. 0 0 0 0 0 0 0 PRINCIPAL REPAYMENTS .. 636 2,103 2,434 2,949 3,225 4,111 6,724 Public and publicly guaranteed .. 595 1,257 697 1,038 1,124 1,216 1,261 Official creditors .. 165 1,215 361 393 493 569 557 Multilateral .. 127 70 249 224 288 288 277 Concessional .. 0 0 0 0 0 0 0 Bilateral .. 38 1,145 112 169 205 281 280 Concessional .. 0 1,100 110 126 128 165 164 Private creditors .. 430 42 337 645 632 647 704 of which: Bonds .. 200 33 298 555 601 622 602 Commercial banks .. 2 2 1 1 0 0 95 Private nonguaranteed .. 40 845 1,737 1,911 2,101 2,895 5,463 Bonds .. 0 0 0 0 0 0 0 Commercial banks and other .. 40 845 1,737 1,911 2,101 2,895 5,463 Memo: IBRD .. 0 24 121 130 166 168 171 IDA .. 0 0 0 0 0 0 0 INTEREST PAYMENTS (LINT) .. 447 573 550 475 677 1,036 1,726 Public and publicly guaranteed .. 440 502 446 324 425 563 619 Official creditors .. 306 149 160 137 109 134 181 Multilateral .. 13 141 93 76 68 91 140 Concessional .. 0 0 0 0 0 0 0 Bilateral .. 293 8 67 61 41 43 41 Concessional .. 1 3 30 16 15 16 18 Private creditors .. 134 352 286 187 316 429 438 of which: Bonds .. 87 344 228 144 222 222 208 Commercial banks .. 3 8 7 2 13 128 152 Private nonguaranteed .. 7 71 104 152 252 473 1,107 Bonds .. 0 0 0 0 0 41 89 Commercial banks and other .. 7 71 104 152 252 432 1,018 Memo: IBRD .. 8 118 77 62 56 76 121 IDA .. 0 0 0 0 0 0 0 406 UKRAINE (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 6. CURRENCY COMPOSITION OF PUBLIC AND PUBLICLY GUARANTEED DEBT (PERCENT) Euro .. .. .. 23.0 21.5 15.9 17.2 16.9 Japanese yen .. 0.0 2.0 1.9 1.8 1.4 1.1 1.0 Pound sterling .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Swiss franc .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 U.S.dollars .. 63.3 53.2 55.7 62.4 71.6 72.2 72.9 7. DEBT RESTRUCTURINGS Total amount rescheduled .. 2,535 2,185 167 282 0 0 0 Debt stock rescheduled .. 0 1,870 0 0 0 0 0 Principal rescheduled .. 969 252 169 282 0 0 0 Official .. 969 0 27 282 0 0 0 Private .. 0 252 141 0 0 0 0 Interest rescheduled .. 165 8 0 0 0 0 0 Official .. 165 0 0 0 0 0 0 Private .. 0 8 0 0 0 0 0 Debt forgiven .. 0 0 0 0 0 0 0 Memo: interest forgiven .. 0 0 0 0 0 0 0 Debt stock reduction .. 0 0 0 0 0 0 0 of which debt buyback .. 0 0 0 0 0 0 0 8. DEBT STOCK-FLOW RECONCILIATION Total change in debt stocks .. 2,793 -1,760 1,187 2,277 6,194 3,112 16,589 Net flows on debt .. 1,337 -1,287 643 1,396 6,207 5,257 11,899 Cross-currency valuation .. 70 -369 587 659 267 -424 291 9. AVERAGE TERMS OF NEW COMMITMENTS ALL CREDITORS Interest (%) .. 5.2 7.3 9.6 6.0 7.5 4.4 6.0 Maturity (years) .. 12.2 15.2 6.8 13.5 6.9 15.8 20.0 Grace period (years) .. 4.2 4.5 4.5 8.3 4.4 8.0 5.5 Grant element (%) .. 23.8 14.9 4.2 25.0 9.7 37.1 26.3 Official creditors Interest (%) .. 4.7 7.3 3.1 3.0 2.5 3.5 6.0 Maturity (years) .. 13.4 15.2 18.9 19.8 19.6 20.9 20.0 Grace period (years) .. 4.8 4.5 5.3 5.3 5.1 6.1 5.5 Grant element (%) .. 27.2 14.9 45.1 46.3 49.2 44.0 26.3 Private creditors Interest (%) .. 6.5 0.0 11.0 7.7 7.6 5.2 0.0 Maturity (years) .. 8.0 0.0 4.3 10.0 6.7 10.7 0.0 Grace period (years) .. 2.5 0.0 4.3 10.0 4.4 9.9 0.0 Grant element (%) .. 12.6 0.0 -4.3 13.3 9.2 30.3 0.0 10. CONTRACTUAL OBLIGATIONS ON OUTSTANDING LONG-TERM DEBT 2007 2008 2009 2010 2011 2012 2013 2014 TOTAL Principal 5,733 5,322 6,117 3,130 5,561 1,720 1,789 719 Interest 1,603 1,368 1,136 864 629 431 318 271 Official creditors Principal 543 483 505 491 489 491 466 288 Interest 200 185 173 158 143 125 106 90 Bilateral creditors Principal 242 207 199 188 178 178 178 94 Interest 36 30 24 19 15 11 6 3 Multilateral creditors Principal 301 276 307 303 312 313 289 194 Interest 164 156 148 139 128 114 100 87 Private creditors Principal 5,191 4,839 5,611 2,640 5,071 1,229 1,322 431 Interest 1,403 1,183 963 706 486 306 211 180 Notes: Short-term debt data are based on information from National Bank of Ukraine. 407 URUGUAY (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 1. SUMMARY DEBT DATA TOTAL DEBT STOCKS (EDT) 4,415 5,318 8,113 10,570 11,803 15,160 14,553 9,804 Long-term debt (LDOD) 3,114 3,960 6,048 7,177 7,942 8,276 8,288 7,596 Public and publicly guaranteed 3,045 3,833 5,513 6,684 7,468 7,813 7,868 7,211 Private nonguaranteed 69 127 535 494 474 462 421 385 Use of IMF credit 101 21 149 1,793 2,416 2,684 2,304 0 Short-term debt 1,201 1,336 1,917 1,600 1,445 4,200 3,961 2,208 of which interest arrears on LDOD 0 0 0 0 0 0 0 0 Official creditors 0 0 0 0 0 0 0 0 Private creditors 0 0 0 0 0 0 0 0 Memorandum items Principal arrears on LDOD 0 0 0 0 0 0 0 0 Official creditors 0 0 0 0 0 0 0 0 Private creditors 0 0 0 0 0 0 0 0 TOTAL DEBT FLOWS Disbursements 358 661 1,053 2,830 999 1,002 1,809 2,165 Long-term debt 346 661 1,053 1,196 489 449 1,512 1,868 IMF purchases 12 0 0 1,634 509 552 297 298 Principal repayments 559 484 670 805 572 954 1,558 5,035 Long-term debt 434 474 670 731 492 553 1,089 2,365 IMF repurchases 124 10 0 74 80 401 469 2,670 Net flows on debt -134 281 506 695 272 2,803 12 -4,622 of which short-term debt 66 104 123 -1,329 -155 2,755 -239 -1,753 Interest payments (INT) 428 379 587 469 333 591 629 655 Long-term debt 318 298 457 393 237 413 434 485 IMF charges 16 2 8 24 45 95 115 106 Short-term debt 93 80 123 51 50 82 80 64 Net transfers on debt -562 -98 -82 227 -60 2,212 -617 -5,277 Total debt service paid (TDS) 987 862 1,257 1,274 904 1,544 2,187 5,690 Long-term debt 753 771 1,127 1,125 729 966 1,523 2,850 IMF repurchases and charges 141 11 8 98 125 496 584 2,776 Short-term debt (interest only) 93 80 123 51 50 82 80 64 2. OTHER NET RESOURCE FLOWS (LONG-TERM) Net flow of long-term debt (ex. IMF) -88 187 383 465 -3 -104 423 -497 Foreign direct investment (net) 42 157 274 175 417 332 847 1,346 Portfolio equity flows 0 0 0 0 0 20 -2 -2 Grants (excluding technical coop.) 11 15 9 9 17 16 26 19 of which: Debt forgiveness grants .. .. 0 0 0 0 0 0 IDA grants .. .. .. 0 0 0 0 0 Memo: technical coop. grants 25 34 15 17 18 17 15 16 Interest on long-term debt 318 298 457 393 237 413 434 485 Profit remittances on FDI 0 54 89 -202 108 229 228 292 3. MAJOR ECONOMIC AGGREGATES Gross national income (GNI) 8,949 18,059 20,382 12,155 10,682 12,612 16,069 18,801 Exports of goods, serv. & inc. (XGS) 2,417 3,911 4,441 3,165 3,387 4,699 5,725 6,483 Worker remit. & comp. of employees 0 0 0 36 62 70 77 89 Imports of goods & services (MGS) 2,239 4,200 5,035 2,879 3,464 4,739 5,750 6,964 International reserves (RES) 1,446 1,813 2,776 772 2,087 2,512 3,078 3,091 Current account balance 186 -213 -566 322 -56 3 42 -436 4. DEBT INDICATORS EDT / XGS (%) 182.7 136.0 182.7 334.0 348.4 322.6 254.2 151.2 EDT / GNI (%) 49.3 29.4 39.8 87.0 110.5 120.2 90.6 52.1 TDS / XGS (%) 40.8 22.1 28.3 40.2 26.7 32.9 38.2 87.8 INT / XGS (%) 17.7 9.7 13.2 14.8 9.8 12.6 11.0 10.1 INT / GNI (%) 4.8 2.1 2.9 3.9 3.1 4.7 3.9 3.5 RES / EDT (%) 32.7 34.1 34.2 7.3 17.7 16.6 21.2 31.5 RES / MGS (months) 7.7 5.2 6.6 3.2 7.2 6.4 6.4 5.3 Short-term / EDT (%) 27.2 25.1 23.6 15.1 12.2 27.7 27.2 22.5 Concessional / EDT (%) 2.3 4.2 2.4 1.5 1.3 0.9 0.9 1.2 Multilateral / EDT (%) 15.8 23.7 23.7 24.9 25.9 20.3 21.3 25.8 408 URUGUAY (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 5. LONG-TERM DEBT DEBT OUTSTANDING (LDOD) 3,114 3,960 6,048 7,177 7,942 8,276 8,288 7,596 Public and publicly guaranteed 3,045 3,833 5,513 6,684 7,468 7,813 7,868 7,211 Official creditors 895 1,588 2,227 2,827 3,188 3,200 3,205 2,632 Multilateral 699 1,259 1,925 2,634 3,060 3,077 3,095 2,530 Concessional 22 28 19 17 24 21 18 17 Bilateral 196 329 302 193 129 123 110 101 Concessional 78 197 179 140 127 122 109 101 Private creditors 2,150 2,245 3,285 3,857 4,280 4,613 4,663 4,579 of which: Bonds 567 1,963 2,737 3,062 3,977 4,163 4,387 4,500 Commercial banks 1,576 252 530 775 285 436 263 69 Private nonguaranteed 69 127 535 494 474 462 421 385 Bonds 0 110 300 300 300 300 300 300 Commercial banks and other 69 18 235 194 174 162 121 85 Memo: IBRD 359 513 552 703 722 785 816 653 IDA 0 0 0 0 0 0 0 0 Public sector LDOD 3,042 3,831 5,512 6,684 7,468 7,813 7,868 7,211 Private sector LDOD 72 130 535 494 474 462 421 385 DISBURSEMENTS 346 661 1,053 1,196 489 449 1,512 1,868 Public and publicly guaranteed 346 591 891 1,196 477 440 1,512 1,868 Official creditors 174 128 300 704 475 209 389 160 Multilateral 90 103 299 703 469 200 384 159 Concessional 3 0 0 1 2 1 1 2 Bilateral 85 25 1 1 6 9 5 1 Concessional 3 25 1 1 6 9 5 1 Private creditors 171 463 591 492 2 231 1,123 1,708 of which: Bonds 164 348 578 405 0 0 1,123 1,663 Commercial banks 4 111 1 80 2 231 0 45 Private nonguaranteed 0 70 162 0 12 9 0 0 Bonds 0 70 0 0 0 0 0 0 Commercial banks and other 0 0 162 0 12 9 0 0 Memo: IBRD 51 32 134 234 97 144 134 42 IDA 0 0 0 0 0 0 0 0 PRINCIPAL REPAYMENTS 434 474 670 731 492 553 1,089 2,365 Public and publicly guaranteed 398 469 606 699 460 503 1,048 2,329 Official creditors 71 124 162 223 263 216 342 744 Multilateral 61 117 121 153 186 199 329 733 Concessional 1 2 2 2 2 3 3 3 Bilateral 10 7 42 70 77 17 12 11 Concessional 2 3 15 37 26 16 12 11 Private creditors 327 345 443 477 197 286 706 1,585 of which: Bonds 180 273 285 365 32 184 513 1,343 Commercial banks 143 66 154 109 163 99 191 240 Private nonguaranteed 36 5 64 32 32 50 42 36 Bonds 0 0 47 0 0 0 0 0 Commercial banks and other 36 5 17 32 32 50 42 36 Memo: IBRD 43 78 58 75 78 80 104 205 IDA 0 0 0 0 0 0 0 0 INTEREST PAYMENTS (LINT) 318 298 457 393 237 413 434 485 Public and publicly guaranteed 312 293 380 361 204 377 400 453 Official creditors 61 124 147 135 147 136 152 152 Multilateral 54 91 134 128 142 130 149 149 Concessional 0 1 0 0 1 1 0 0 Bilateral 7 33 13 6 5 6 3 2 Concessional 2 24 3 3 3 6 3 2 Private creditors 252 169 233 226 57 241 248 301 of which: Bonds 61 151 181 186 40 227 236 292 Commercial banks 190 15 51 39 16 12 11 8 Private nonguaranteed 6 4 77 32 33 36 34 32 Bonds 0 3 29 26 26 26 26 26 Commercial banks and other 6 1 48 7 7 11 9 7 Memo: IBRD 27 40 42 29 28 22 34 41 IDA 0 0 0 0 0 0 0 0 409 URUGUAY (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 6. CURRENCY COMPOSITION OF PUBLIC AND PUBLICLY GUARANTEED DEBT (PERCENT) Euro .. .. .. 6.9 5.9 5.8 8.6 9.0 Japanese yen 5.1 6.4 3.4 4.3 3.3 3.2 2.8 3.0 Pound sterling 3.6 1.9 1.0 0.6 0.2 0.1 0.1 0.0 Swiss franc 1.5 0.0 0.0 0.0 0.0 0.0 0.0 0.0 U.S.dollars 64.9 53.8 80.6 80.7 84.3 85.3 84.0 83.6 7. DEBT RESTRUCTURINGS Total amount rescheduled 0 0 0 0 3,270 0 0 0 Debt stock rescheduled 0 0 0 0 2,790 0 0 0 Principal rescheduled 0 0 0 0 0 0 0 0 Official 0 0 0 0 0 0 0 0 Private 0 0 0 0 0 0 0 0 Interest rescheduled 0 0 0 0 0 0 0 0 Official 0 0 0 0 0 0 0 0 Private 0 0 0 0 0 0 0 0 Debt forgiven 0 0 0 0 0 0 0 0 Memo: interest forgiven 0 0 0 0 0 0 0 0 Debt stock reduction 0 0 0 0 0 0 0 0 of which debt buyback 0 0 0 0 0 0 0 0 8. DEBT STOCK-FLOW RECONCILIATION Total change in debt stocks -33 243 642 942 1,233 3,357 -606 -4,750 Net flows on debt -134 281 506 695 272 2,803 12 -4,622 Cross-currency valuation 77 32 -96 164 432 170 -345 199 9. AVERAGE TERMS OF NEW COMMITMENTS ALL CREDITORS Interest (%) 9.1 6.8 7.7 3.0 1.7 6.9 7.0 7.4 Maturity (years) 12.9 7.7 8.4 10.0 16.9 7.1 14.1 25.5 Grace period (years) 2.4 3.4 6.8 4.6 4.9 2.2 10.5 24.7 Grant element (%) 5.1 12.1 10.7 30.7 49.9 11.4 19.6 22.2 Official creditors Interest (%) 7.8 3.9 7.2 2.2 1.6 5.0 4.1 5.3 Maturity (years) 20.1 14.9 14.8 10.1 17.0 19.6 17.7 23.9 Grace period (years) 5.0 5.5 5.2 3.9 4.9 4.2 5.3 4.8 Grant element (%) 12.9 36.4 15.7 33.9 50.0 31.1 37.4 31.9 Private creditors Interest (%) 9.8 7.0 7.8 8.3 6.3 7.7 8.2 7.5 Maturity (years) 8.7 7.2 7.5 9.0 6.5 2.3 12.6 25.6 Grace period (years) 1.0 3.3 7.0 8.9 2.0 1.4 12.6 25.6 Grant element (%) 0.6 10.5 10.0 8.4 11.7 3.9 12.4 21.8 10. CONTRACTUAL OBLIGATIONS ON OUTSTANDING LONG-TERM DEBT 2007 2008 2009 2010 2011 2012 2013 2014 TOTAL Principal 395 443 446 408 684 346 255 243 Interest 509 492 469 448 419 390 373 361 Official creditors Principal 219 255 264 262 263 252 225 207 Interest 149 144 135 124 111 97 84 72 Bilateral creditors Principal 11 11 10 10 9 8 5 5 Interest 2 1 1 1 1 1 1 1 Multilateral creditors Principal 207 244 254 252 253 244 220 202 Interest 147 143 134 123 110 96 83 72 Private creditors Principal 176 188 182 146 421 94 30 36 Interest 360 348 334 324 309 293 290 289 Notes: 410 UZBEKISTAN (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 1. SUMMARY DEBT DATA TOTAL DEBT STOCKS (EDT) .. 1,799 4,634 4,798 4,921 4,833 4,302 3,892 Long-term debt (LDOD) .. 1,430 4,225 4,406 4,656 4,636 4,189 3,726 Public and publicly guaranteed .. 1,415 3,764 4,005 4,149 4,117 3,639 3,322 Private nonguaranteed .. 15 462 400 507 518 551 403 Use of IMF credit .. 157 127 62 43 19 0 0 Short-term debt .. 212 282 331 221 178 112 166 of which interest arrears on LDOD .. 0 3 85 7 8 8 8 Official creditors .. 0 0 0 0 0 0 0 Private creditors .. 0 3 85 7 8 8 8 Memorandum items Principal arrears on LDOD .. 0 17 47 34 39 35 35 Official creditors .. 0 0 0 0 0 0 0 Private creditors .. 0 17 47 34 39 35 35 TOTAL DEBT FLOWS Disbursements .. 791 769 454 615 611 412 250 Long-term debt .. 630 769 454 615 611 412 250 IMF purchases .. 161 0 0 0 0 0 0 Principal repayments .. 149 646 579 662 724 643 756 Long-term debt .. 149 581 557 639 700 624 756 IMF repurchases .. 0 65 22 23 25 18 0 Net flows on debt .. 563 -221 -379 -79 -158 -297 -452 of which short-term debt .. -79 -344 -254 -31 -44 -66 54 Interest payments (INT) .. 95 236 181 148 147 145 168 Long-term debt .. 80 205 165 141 140 141 165 IMF charges .. 3 9 2 1 1 0 0 Short-term debt .. 13 23 14 6 6 4 3 Net transfers on debt .. 467 -458 -560 -227 -305 -442 -619 Total debt service paid (TDS) .. 245 883 760 810 871 788 924 Long-term debt .. 229 786 722 780 840 765 921 IMF repurchases and charges .. 3 74 24 24 26 19 0 Short-term debt (interest only) .. 13 23 14 6 6 4 3 2. OTHER NET RESOURCE FLOWS (LONG-TERM) Net flow of long-term debt (ex. IMF) .. 481 188 -103 -24 -89 -212 -506 Foreign direct investment (net) .. -24 75 65 70 1 45 164 Portfolio equity flows .. 0 0 0 0 0 0 0 Grants (excluding technical coop.) .. 13 34 63 52 43 52 46 of which: Debt forgiveness grants .. .. 0 0 0 0 0 0 IDA grants .. .. .. 0 0 0 0 0 Memo: technical coop. grants .. 28 39 74 87 103 73 84 Interest on long-term debt .. 80 205 165 141 140 141 165 Profit remittances on FDI .. 0 0 0 0 0 0 0 3. MAJOR ECONOMIC AGGREGATES Gross national income (GNI) .. 13,316 13,541 9,543 10,018 11,981 14,580 17,164 Exports of goods, serv. & inc. (XGS) .. .. .. .. .. .. .. .. Worker remit. & comp. of employees .. 0 0 0 0 0 0 0 Imports of goods & services (MGS) .. .. .. .. .. .. .. .. International reserves (RES) .. .. .. .. .. .. .. .. Current account balance .. .. .. .. .. .. .. .. 4. DEBT INDICATORS EDT / XGS (%) .. .. .. .. .. .. .. .. EDT / GNI (%) .. 13.5 34.2 50.3 49.1 40.3 29.5 22.7 TDS / XGS (%) .. .. .. .. .. .. .. .. INT / XGS (%) .. .. .. .. .. .. .. .. INT / GNI (%) .. 0.7 1.7 1.9 1.5 1.2 1.0 1.0 RES / EDT (%) .. .. .. .. .. .. .. .. RES / MGS (months) .. .. .. .. .. .. .. .. Short-term / EDT (%) .. 11.8 6.1 6.9 4.5 3.7 2.6 4.3 Concessional / EDT (%) .. 10.4 30.4 32.9 34.3 36.0 36.9 39.6 Multilateral / EDT (%) .. 13.7 9.8 11.9 12.8 15.3 18.6 22.2 411 UZBEKISTAN (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 5. LONG-TERM DEBT DEBT OUTSTANDING (LDOD) .. 1,430 4,225 4,406 4,656 4,636 4,189 3,726 Public and publicly guaranteed .. 1,415 3,764 4,005 4,149 4,117 3,639 3,322 Official creditors .. 1,023 2,117 2,338 2,452 2,593 2,465 2,450 Multilateral .. 246 454 570 628 742 798 866 Concessional .. 0 2 13 18 31 36 50 Bilateral .. 777 1,663 1,768 1,824 1,851 1,666 1,584 Concessional .. 188 1,405 1,564 1,669 1,711 1,553 1,489 Private creditors .. 393 1,647 1,668 1,697 1,524 1,174 872 of which: Bonds .. 0 0 0 0 0 0 0 Commercial banks .. 0 345 344 294 209 173 116 Private nonguaranteed .. 15 462 400 507 518 551 403 Bonds .. 0 0 0 0 0 0 0 Commercial banks and other .. 15 462 400 507 518 551 403 Memo: IBRD .. 157 217 275 298 312 299 316 IDA .. 0 0 0 0 5 11 26 Public sector LDOD .. 1,288 3,607 3,898 4,062 4,051 3,597 3,310 Private sector LDOD .. 142 618 507 595 584 592 416 DISBURSEMENTS .. 630 769 454 615 611 412 250 Public and publicly guaranteed .. 619 713 373 455 461 267 245 Official creditors .. 399 409 157 149 268 205 218 Multilateral .. 246 121 78 87 165 143 152 Concessional .. 0 1 7 4 12 7 14 Bilateral .. 154 288 80 62 103 62 66 Concessional .. 46 269 71 61 96 62 66 Private creditors .. 219 304 215 306 193 62 27 of which: Bonds .. 0 0 0 0 0 0 0 Commercial banks .. 0 59 71 16 1 20 6 Private nonguaranteed .. 12 56 81 160 149 145 5 Bonds .. 0 0 0 0 0 0 0 Commercial banks and other .. 12 56 81 160 149 145 5 Memo: IBRD .. 162 31 31 17 23 25 32 IDA .. 0 0 0 0 5 7 13 PRINCIPAL REPAYMENTS .. 149 581 557 639 700 624 756 Public and publicly guaranteed .. 148 441 487 587 561 511 639 Official creditors .. 119 148 188 201 190 177 263 Multilateral .. 0 29 44 52 61 67 91 Concessional .. 0 0 0 0 0 0 0 Bilateral .. 119 119 144 150 129 110 173 Concessional .. 0 37 71 85 97 91 149 Private creditors .. 29 293 298 386 371 334 376 of which: Bonds .. 0 0 0 0 0 0 0 Commercial banks .. 0 66 61 81 54 46 69 Private nonguaranteed .. 1 140 71 52 138 113 116 Bonds .. 0 0 0 0 0 0 0 Commercial banks and other .. 1 140 71 52 138 113 116 Memo: IBRD .. 0 5 9 14 19 20 21 IDA .. 0 0 0 0 0 0 0 INTEREST PAYMENTS (LINT) .. 80 205 165 141 140 141 165 Public and publicly guaranteed .. 79 181 146 132 116 117 148 Official creditors .. 52 75 74 67 63 63 96 Multilateral .. 4 26 27 27 27 32 44 Concessional .. 0 0 0 0 0 1 1 Bilateral .. 47 49 47 40 36 31 52 Concessional .. 0 31 32 30 30 27 46 Private creditors .. 27 107 72 65 53 53 52 of which: Bonds .. 0 0 0 0 0 0 0 Commercial banks .. 0 27 16 15 10 9 8 Private nonguaranteed .. 1 24 18 9 24 24 17 Bonds .. 0 0 0 0 0 0 0 Commercial banks and other .. 1 24 18 9 24 24 17 Memo: IBRD .. 2 12 12 12 11 12 15 IDA .. 0 0 0 0 0 0 0 412 UZBEKISTAN (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 6. CURRENCY COMPOSITION OF PUBLIC AND PUBLICLY GUARANTEED DEBT (PERCENT) Euro .. .. .. 18.2 21.2 21.0 18.0 17.6 Japanese yen .. 3.1 21.2 20.7 21.6 22.4 21.2 21.6 Pound sterling .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Swiss franc .. 0.1 0.0 0.0 0.0 0.1 0.5 0.5 U.S.dollars .. 66.5 56.7 54.4 50.3 49.4 52.8 51.8 7. DEBT RESTRUCTURINGS Total amount rescheduled .. 0 0 0 0 0 0 0 Debt stock rescheduled .. 0 0 0 0 0 0 0 Principal rescheduled .. 0 0 0 0 0 0 0 Official .. 0 0 0 0 0 0 0 Private .. 0 0 0 0 0 0 0 Interest rescheduled .. 0 0 0 0 0 0 0 Official .. 0 0 0 0 0 0 0 Private .. 0 0 0 0 0 0 0 Debt forgiven .. 0 0 0 0 0 0 0 Memo: interest forgiven .. 0 0 0 0 0 0 0 Debt stock reduction .. 0 0 0 0 0 0 0 of which debt buyback .. 0 0 0 0 0 0 0 8. DEBT STOCK-FLOW RECONCILIATION Total change in debt stocks .. 552 -305 -78 122 -88 -531 -409 Net flows on debt .. 563 -221 -379 -79 -158 -297 -452 Cross-currency valuation .. -4 -144 228 277 113 -244 84 9. AVERAGE TERMS OF NEW COMMITMENTS ALL CREDITORS Interest (%) .. 5.7 6.4 3.0 2.9 2.1 2.6 0.0 Maturity (years) .. 15.5 14.9 22.7 13.9 26.3 23.4 0.0 Grace period (years) .. 4.3 3.5 6.7 2.5 6.4 6.4 0.0 Grant element (%) .. 24.0 19.5 47.4 32.5 57.5 52.2 0.0 Official creditors Interest (%) .. 5.2 6.0 3.0 4.2 1.9 2.6 0.0 Maturity (years) .. 18.1 18.4 26.5 21.0 28.6 23.4 0.0 Grace period (years) .. 5.1 4.4 7.9 4.9 6.9 6.4 0.0 Grant element (%) .. 29.0 24.5 53.2 37.7 61.4 52.2 0.0 Private creditors Interest (%) .. 7.1 7.3 3.1 2.1 3.0 0.0 0.0 Maturity (years) .. 9.0 6.4 7.5 9.5 7.6 0.0 0.0 Grace period (years) .. 2.5 1.4 2.0 1.1 2.2 0.0 0.0 Grant element (%) .. 11.2 7.5 23.6 29.2 25.2 0.0 0.0 10. CONTRACTUAL OBLIGATIONS ON OUTSTANDING LONG-TERM DEBT 2007 2008 2009 2010 2011 2012 2013 2014 TOTAL Principal 607 530 440 418 294 268 228 214 Interest 173 137 120 103 86 73 62 52 Official creditors Principal 262 258 245 249 213 202 183 182 Interest 107 102 95 87 78 68 59 50 Bilateral creditors Principal 168 162 145 146 112 106 96 96 Interest 50 45 39 34 29 24 20 17 Multilateral creditors Principal 93 96 100 103 101 96 87 85 Interest 57 57 56 53 49 44 39 34 Private creditors Principal 345 271 196 169 81 66 44 33 Interest 66 36 25 16 9 5 3 2 Notes: 413 VANUATU (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 1. SUMMARY DEBT DATA TOTAL DEBT STOCKS (EDT) 38.2 48.9 74.5 90.5 97.0 120.7 82.1 86.1 Long-term debt (LDOD) 28.6 43.9 73.1 76.5 82.0 83.6 71.9 72.0 Public and publicly guaranteed 28.6 43.9 73.1 76.5 82.0 83.6 71.9 72.0 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Use of IMF credit 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Short-term debt 9.6 5.0 1.4 14.0 15.0 37.1 10.2 14.1 of which interest arrears on LDOD 0.0 0.0 0.0 0.0 0.0 0.1 0.2 0.1 Official creditors 0.0 0.0 0.0 0.0 0.0 0.1 0.2 0.1 Private creditors 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memorandum items Principal arrears on LDOD 0.0 0.0 0.0 0.0 0.0 0.4 0.8 0.5 Official creditors 0.0 0.0 0.0 0.0 0.0 0.4 0.8 0.5 Private creditors 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 TOTAL DEBT FLOWS Disbursements 6.5 3.2 14.2 0.5 0.0 0.0 0.0 0.0 Long-term debt 6.5 3.2 14.2 0.5 0.0 0.0 0.0 0.0 IMF purchases 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal repayments 1.0 0.8 0.9 0.9 1.1 1.6 1.1 2.2 Long-term debt 1.0 0.8 0.9 0.9 1.1 1.6 1.1 2.2 IMF repurchases 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Net flows on debt 5.7 2.4 13.6 12.3 0.0 20.4 -28.1 1.8 of which short-term debt 0.1 0.0 0.3 12.6 1.0 22.0 -27.0 4.0 Interest payments (INT) 1.5 0.8 1.0 1.0 1.1 1.9 1.5 1.6 Long-term debt 0.7 0.5 0.6 0.7 0.7 0.9 0.7 1.0 IMF charges 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Short-term debt 0.7 0.3 0.3 0.3 0.4 1.0 0.8 0.6 Net transfers on debt 4.2 1.6 12.6 11.2 -1.2 18.5 -29.6 0.3 Total debt service paid (TDS) 2.4 1.6 1.9 1.9 2.2 3.5 2.6 3.7 Long-term debt 1.7 1.3 1.5 1.6 1.8 2.4 1.8 3.1 IMF repurchases and charges 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Short-term debt (interest only) 0.7 0.3 0.3 0.3 0.4 1.0 0.8 0.6 2. OTHER NET RESOURCE FLOWS (LONG-TERM) Net flow of long-term debt (ex. IMF) 5.6 2.4 13.4 -0.4 -1.0 -1.6 -1.1 -2.2 Foreign direct investment (net) 13.1 31.0 20.3 14.2 18.0 19.8 13.3 43.4 Portfolio equity flows 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Grants (excluding technical coop.) 22.0 22.5 12.0 8.0 7.1 10.6 13.3 14.8 of which: Debt forgiveness grants .. .. 0.1 0.0 0.0 0.0 0.0 0.0 IDA grants .. .. .. 0.0 0.0 0.0 0.0 0.0 Memo: technical coop. grants 22.2 21.5 20.6 19.6 26.7 29.1 28.0 36.0 Interest on long-term debt 0.7 0.5 0.6 0.7 0.7 0.9 0.7 1.0 Profit remittances on FDI 15.2 35.6 21.9 18.1 20.8 27.1 35.3 34.2 3. MAJOR ECONOMIC AGGREGATES Gross national income (GNI) 162.6 216.8 231.6 223.6 264.7 311.5 342.1 357.6 Exports of goods, serv. & inc. (XGS) 112.7 129.1 186.7 136.3 161.8 187.6 204.7 215.4 Worker remit. & comp. of employees 8.0 14.0 35.0 8.0 9.0 10.0 11.0 11.3 Imports of goods & services (MGS) 136.5 164.5 178.8 164.0 191.1 224.4 258.6 270.7 International reserves (RES) 37.7 48.3 38.9 36.5 43.8 61.8 67.2 104.7 Current account balance -6.2 -18.2 5.0 -17.1 -22.2 -22.4 -34.0 -30.1 4. DEBT INDICATORS EDT / XGS (%) 33.9 37.9 39.9 66.4 59.9 64.3 40.1 40.0 EDT / GNI (%) 23.5 22.6 32.2 40.5 36.6 38.7 24.0 24.1 TDS / XGS (%) 2.1 1.2 1.0 1.4 1.3 1.8 1.3 1.7 INT / XGS (%) 1.3 0.6 0.5 0.7 0.7 1.0 0.8 0.7 INT / GNI (%) 0.9 0.4 0.4 0.5 0.4 0.6 0.5 0.4 RES / EDT (%) 98.6 98.7 52.3 40.4 45.2 51.2 81.9 121.5 RES / MGS (months) 3.3 3.5 2.6 2.7 2.8 3.3 3.1 4.6 Short-term / EDT (%) 25.1 10.2 1.9 15.5 15.5 30.8 12.4 16.4 Concessional / EDT (%) 60.5 86.1 91.4 78.4 77.9 64.0 80.9 77.7 Multilateral / EDT (%) 41.6 63.7 86.1 74.8 74.8 61.5 82.1 78.3 414 VANUATU (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 5. LONG-TERM DEBT DEBT OUTSTANDING (LDOD) 28.6 43.9 73.1 76.5 82.0 83.6 71.9 72.0 Public and publicly guaranteed 28.6 43.9 73.1 76.5 82.0 83.6 71.9 72.0 Official creditors 27.1 43.5 73.1 76.5 82.0 83.6 71.9 72.0 Multilateral 15.9 31.2 64.1 67.6 72.6 74.2 67.4 67.4 Concessional 12.9 30.5 59.5 62.4 66.4 68.0 62.0 62.3 Bilateral 11.3 12.3 8.9 8.8 9.4 9.4 4.5 4.6 Concessional 10.3 11.6 8.6 8.6 9.2 9.3 4.4 4.6 Private creditors 1.5 0.4 0.0 0.0 0.0 0.0 0.0 0.0 of which: Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks and other 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 4.0 13.2 12.9 12.9 13.9 14.2 12.9 13.2 Public sector LDOD 28.6 43.9 73.1 76.5 82.0 83.6 71.9 72.0 Private sector LDOD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 DISBURSEMENTS 6.5 3.2 14.2 0.5 0.0 0.0 0.0 0.0 Public and publicly guaranteed 6.5 3.2 14.2 0.5 0.0 0.0 0.0 0.0 Official creditors 6.5 3.2 14.2 0.5 0.0 0.0 0.0 0.0 Multilateral 3.3 1.4 14.2 0.5 0.0 0.0 0.0 0.0 Concessional 3.3 1.4 9.6 0.5 0.0 0.0 0.0 0.0 Bilateral 3.2 1.8 0.0 0.0 0.0 0.0 0.0 0.0 Concessional 3.1 1.8 0.0 0.0 0.0 0.0 0.0 0.0 Private creditors 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 of which: Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks and other 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 0.8 0.4 0.0 0.0 0.0 0.0 0.0 0.0 PRINCIPAL REPAYMENTS 1.0 0.8 0.9 0.9 1.1 1.6 1.1 2.2 Public and publicly guaranteed 1.0 0.8 0.9 0.9 1.1 1.6 1.1 2.2 Official creditors 0.8 0.6 0.9 0.9 1.1 1.6 1.1 2.2 Multilateral 0.5 0.4 0.5 0.6 0.7 1.2 0.7 1.8 Concessional 0.0 0.1 0.5 0.6 0.6 0.7 0.7 0.9 Bilateral 0.3 0.2 0.4 0.3 0.4 0.4 0.4 0.4 Concessional 0.2 0.1 0.3 0.3 0.3 0.3 0.3 0.3 Private creditors 0.2 0.2 0.0 0.0 0.0 0.0 0.0 0.0 of which: Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks and other 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 0.0 0.0 0.2 0.2 0.3 0.3 0.3 0.3 INTEREST PAYMENTS (LINT) 0.7 0.5 0.6 0.7 0.7 0.9 0.7 1.0 Public and publicly guaranteed 0.7 0.5 0.6 0.7 0.7 0.9 0.7 1.0 Official creditors 0.6 0.5 0.6 0.7 0.7 0.9 0.7 1.0 Multilateral 0.2 0.3 0.5 0.6 0.6 0.7 0.6 0.9 Concessional 0.1 0.3 0.5 0.6 0.6 0.6 0.6 0.6 Bilateral 0.4 0.2 0.1 0.1 0.1 0.1 0.1 0.1 Concessional 0.3 0.1 0.1 0.1 0.1 0.1 0.1 0.1 Private creditors 0.2 0.0 0.0 0.0 0.0 0.0 0.0 0.0 of which: Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks and other 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 0.0 0.1 0.1 0.1 0.1 0.1 0.1 0.1 415 VANUATU (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 6. CURRENCY COMPOSITION OF PUBLIC AND PUBLICLY GUARANTEED DEBT (PERCENT) Euro .. .. .. 13.1 14.2 13.9 13.6 13.4 Japanese yen 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Pound sterling 0.6 0.1 0.0 0.0 0.0 0.0 0.0 0.0 Swiss franc 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 U.S.dollars 22.4 43.3 56.8 53.4 53.1 53.2 54.0 54.1 7. DEBT RESTRUCTURINGS Total amount rescheduled 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Debt stock rescheduled 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal rescheduled 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Official 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Interest rescheduled 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Official 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Debt forgiven 0.0 0.0 0.0 0.0 0.0 0.0 3.8 0.0 Memo: interest forgiven 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Debt stock reduction 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 of which debt buyback 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 8. DEBT STOCK-FLOW RECONCILIATION Total change in debt stocks 7.9 3.4 8.8 18.9 6.5 23.7 -38.6 4.0 Net flows on debt 5.7 2.4 13.6 12.3 0.0 20.4 -28.1 1.8 Cross-currency valuation 1.1 -0.1 -4.1 5.8 8.1 3.2 -6.7 2.3 9. AVERAGE TERMS OF NEW COMMITMENTS ALL CREDITORS Interest (%) 0.0 0.0 2.0 0.0 0.0 0.0 0.0 0.0 Maturity (years) 0.0 23.0 14.5 0.0 0.0 0.0 0.0 0.0 Grace period (years) 0.0 16.1 3.5 0.0 0.0 0.0 0.0 0.0 Grant element (%) 0.0 86.0 44.2 0.0 0.0 0.0 0.0 0.0 Official creditors Interest (%) 0.0 0.0 2.0 0.0 0.0 0.0 0.0 0.0 Maturity (years) 0.0 23.0 14.5 0.0 0.0 0.0 0.0 0.0 Grace period (years) 0.0 16.1 3.5 0.0 0.0 0.0 0.0 0.0 Grant element (%) 0.0 86.0 44.2 0.0 0.0 0.0 0.0 0.0 Private creditors Interest (%) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Maturity (years) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Grace period (years) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Grant element (%) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 10. CONTRACTUAL OBLIGATIONS ON OUTSTANDING LONG-TERM DEBT 2007 2008 2009 2010 2011 2012 2013 2014 TOTAL Principal 2.1 2.5 3.1 3.2 3.2 3.3 3.3 3.3 Interest 0.8 1.2 1.2 1.1 1.1 1.0 1.0 0.9 Official creditors Principal 2.1 2.5 3.1 3.2 3.2 3.3 3.3 3.3 Interest 0.8 1.2 1.2 1.1 1.1 1.0 1.0 0.9 Bilateral creditors Principal 0.4 0.4 0.4 0.4 0.4 0.4 0.4 0.4 Interest 0.1 0.1 0.1 0.1 0.1 0.1 0.0 0.0 Multilateral creditors Principal 1.7 2.2 2.7 2.8 2.9 3.0 3.0 3.0 Interest 0.7 1.2 1.1 1.1 1.0 1.0 0.9 0.9 Private creditors Principal 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Interest 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Notes: 416 VENEZUELA, REPUBLICA BOLIVARIANA de (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 1. SUMMARY DEBT DATA TOTAL DEBT STOCKS (EDT) 33,171 35,538 41,953 36,316 37,762 39,351 45,718 44,635 Long-term debt (LDOD) 28,159 30,236 33,565 29,082 30,171 31,507 35,610 32,786 Public and publicly guaranteed 24,509 28,223 27,433 23,064 24,156 26,140 30,943 27,180 Private nonguaranteed 3,650 2,013 6,132 6,018 6,016 5,366 4,667 5,606 Use of IMF credit 3,012 2,239 203 0 0 0 0 0 Short-term debt 2,000 3,063 8,186 7,234 7,591 7,845 10,108 11,848 of which interest arrears on LDOD 0 273 59 52 5 13 5 2 Official creditors 0 12 7 1 1 1 1 0 Private creditors 0 260 52 51 4 12 4 2 Memorandum items Principal arrears on LDOD 0 1,022 79 4 7 3 8 0 Official creditors 0 116 68 0 0 0 0 0 Private creditors 0 907 11 3 7 3 8 0 TOTAL DEBT FLOWS Disbursements 4,069 1,717 2,303 2,227 6,853 6,256 7,487 1,939 Long-term debt 2,226 1,717 2,303 2,227 6,853 6,256 7,487 1,939 IMF purchases 1,843 0 0 0 0 0 0 0 Principal repayments 1,749 2,739 3,419 5,207 6,559 5,136 2,780 6,637 Long-term debt 1,749 2,278 2,912 5,207 6,559 5,136 2,780 6,637 IMF repurchases 0 462 507 0 0 0 0 0 Net flows on debt 2,036 -1,670 1,585 -3,574 698 1,366 6,978 -2,954 of which short-term debt -284 -648 2,700 -594 404 246 2,271 1,743 Interest payments (INT) 3,242 2,431 2,903 2,244 2,262 2,186 2,915 3,328 Long-term debt 2,993 2,095 2,408 2,086 2,166 2,079 2,639 2,842 IMF charges 37 142 28 0 0 0 0 0 Short-term debt 212 193 467 158 97 108 275 486 Net transfers on debt -1,206 -4,101 -1,319 -5,818 -1,564 -820 4,064 -6,283 Total debt service paid (TDS) 4,991 5,170 6,322 7,451 8,822 7,322 5,694 9,965 Long-term debt 4,742 4,373 5,320 7,293 8,725 7,215 5,419 9,479 IMF repurchases and charges 37 604 535 0 0 0 0 0 Short-term debt (interest only) 212 193 467 158 97 108 275 486 2. OTHER NET RESOURCE FLOWS (LONG-TERM) Net flow of long-term debt (ex. IMF) 477 -560 -608 -2,980 294 1,120 4,707 -4,697 Foreign direct investment (net) 451 985 4,701 782 2,040 1,483 2,583 -543 Portfolio equity flows 0 270 -574 -5 97 -170 91 41 Grants (excluding technical coop.) 5 18 34 16 18 17 28 26 of which: Debt forgiveness grants .. .. 0 0 0 0 0 0 IDA grants .. .. .. 0 0 0 0 0 Memo: technical coop. grants 24 35 27 32 35 32 36 32 Interest on long-term debt 2,993 2,095 2,408 2,086 2,166 2,079 2,639 2,842 Profit remittances on FDI 224 431 1,424 1,915 1,802 3,498 3,953 6,302 3. MAJOR ECONOMIC AGGREGATES Gross national income (GNI) 46,254 72,946 115,760 90,134 81,192 108,779 142,542 180,350 Exports of goods, serv. & inc. (XGS) 21,464 22,620 37,760 29,268 30,024 42,955 61,262 74,861 Worker remit. & comp. of employees 1 2 17 19 208 143 148 165 Imports of goods & services (MGS) 12,883 20,715 25,737 21,512 18,061 27,241 35,955 47,529 International reserves (RES) 12,733 10,715 15,899 12,107 20,821 23,408 29,803 36,715 Current account balance 8,279 2,014 11,853 7,599 11,796 15,519 25,110 27,149 4. DEBT INDICATORS EDT / XGS (%) 154.5 157.1 111.1 124.1 125.8 91.6 74.6 59.6 EDT / GNI (%) 71.7 48.7 36.2 40.3 46.5 36.2 32.1 24.7 TDS / XGS (%) 23.3 22.9 16.7 25.5 29.4 17.0 9.3 13.3 INT / XGS (%) 15.1 10.7 7.7 7.7 7.5 5.1 4.8 4.4 INT / GNI (%) 7.0 3.3 2.5 2.5 2.8 2.0 2.0 1.8 RES / EDT (%) 38.4 30.2 37.9 33.3 55.1 59.5 65.2 82.3 RES / MGS (months) 11.9 6.2 7.4 6.8 13.8 10.3 9.9 9.3 Short-term / EDT (%) 6.0 8.6 19.5 19.9 20.1 19.9 22.1 26.5 Concessional / EDT (%) 0.3 0.3 0.2 0.2 0.2 0.2 0.2 0.4 Multilateral / EDT (%) 4.9 9.3 7.5 9.4 9.0 8.0 6.0 6.5 417 VENEZUELA, REPUBLICA BOLIVARIANA de (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 5. LONG-TERM DEBT DEBT OUTSTANDING (LDOD) 28,159 30,236 33,565 29,082 30,171 31,507 35,610 32,786 Public and publicly guaranteed 24,509 28,223 27,433 23,064 24,156 26,140 30,943 27,180 Official creditors 1,933 4,703 5,924 4,400 3,888 3,513 3,167 3,583 Multilateral 1,640 3,300 3,158 3,428 3,390 3,139 2,727 2,914 Concessional 12 4 0 0 0 0 0 3 Bilateral 293 1,403 2,766 972 498 375 440 669 Concessional 73 96 63 57 88 89 102 175 Private creditors 22,577 23,520 21,508 18,664 20,267 22,627 27,776 23,597 of which: Bonds 19,644 20,745 16,217 14,961 16,066 18,410 23,546 19,478 Commercial banks 363 1,158 3,377 3,084 3,940 3,955 3,935 3,791 Private nonguaranteed 3,650 2,013 6,132 6,018 6,016 5,366 4,667 5,606 Bonds 0 114 3,880 4,271 4,327 3,682 3,670 4,734 Commercial banks and other 3,650 1,899 2,252 1,747 1,689 1,684 997 872 Memo: IBRD 974 1,639 972 670 484 294 200 51 IDA 0 0 0 0 0 0 0 0 Public sector LDOD 24,509 27,648 26,983 22,818 23,844 26,062 30,891 27,136 Private sector LDOD 3,650 2,588 6,581 6,264 6,327 5,444 4,719 5,651 DISBURSEMENTS 2,226 1,717 2,303 2,227 6,853 6,256 7,487 1,939 Public and publicly guaranteed 2,226 1,637 2,303 1,653 5,888 5,031 7,487 1,839 Official creditors 1,103 529 782 597 406 409 432 1,114 Multilateral 1,035 267 399 532 357 296 172 771 Concessional 0 0 0 0 0 0 0 3 Bilateral 69 262 382 65 50 113 260 342 Concessional 15 16 24 14 32 5 22 79 Private creditors 1,122 1,108 1,522 1,057 5,482 4,622 7,055 726 of which: Bonds 599 349 462 212 3,763 4,000 6,143 0 Commercial banks 26 586 639 777 1,639 476 755 521 Private nonguaranteed 0 80 0 574 965 1,225 0 100 Bonds 0 0 0 0 0 260 0 100 Commercial banks and other 0 80 0 574 965 965 0 0 Memo: IBRD 840 47 50 42 23 16 13 9 IDA 0 0 0 0 0 0 0 0 PRINCIPAL REPAYMENTS 1,749 2,278 2,912 5,207 6,559 5,136 2,780 6,637 Public and publicly guaranteed 1,576 1,775 2,256 4,207 5,589 3,266 2,093 5,966 Official creditors 50 375 613 1,225 1,016 817 710 717 Multilateral 9 202 356 384 473 577 523 601 Concessional 4 1 0 0 0 0 0 0 Bilateral 41 173 257 841 543 240 187 116 Concessional 0 11 7 4 5 5 6 11 Private creditors 1,526 1,400 1,643 2,982 4,573 2,449 1,382 5,249 of which: Bonds 254 817 1,119 1,178 3,074 1,751 646 4,292 Commercial banks 706 45 370 1,077 1,045 552 615 776 Private nonguaranteed 173 503 655 1,000 970 1,870 687 671 Bonds 0 0 0 100 0 900 0 546 Commercial banks and other 173 503 655 900 970 970 687 125 Memo: IBRD 0 116 208 211 210 207 106 159 IDA 0 0 0 0 0 0 0 0 INTEREST PAYMENTS (LINT) 2,993 2,095 2,408 2,086 2,166 2,079 2,639 2,842 Public and publicly guaranteed 2,593 1,984 1,840 1,742 1,814 1,774 2,291 2,404 Official creditors 71 296 325 326 275 180 189 202 Multilateral 59 231 255 230 220 158 159 166 Concessional 0 0 0 0 0 0 0 0 Bilateral 12 66 71 96 55 22 30 35 Concessional 0 3 3 1 9 1 1 3 Private creditors 2,522 1,688 1,515 1,416 1,540 1,595 2,101 2,202 of which: Bonds 135 1,534 1,298 949 1,022 1,217 1,747 1,834 Commercial banks 2,198 65 169 393 487 352 332 344 Private nonguaranteed 400 111 568 344 351 304 349 439 Bonds 0 10 304 339 337 290 296 392 Commercial banks and other 400 101 264 5 14 14 53 47 Memo: IBRD 19 120 91 53 33 17 10 6 IDA 0 0 0 0 0 0 0 0 418 VENEZUELA, REPUBLICA BOLIVARIANA de (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 6. CURRENCY COMPOSITION OF PUBLIC AND PUBLICLY GUARANTEED DEBT (PERCENT) Euro .. .. .. 14.3 16.4 10.0 11.4 13.8 Japanese yen 0.6 4.2 1.9 1.4 1.1 0.8 0.5 0.7 Pound sterling 1.5 1.2 0.8 0.7 0.6 0.0 0.0 0.0 Swiss franc 0.9 0.7 0.4 0.4 0.4 0.0 0.0 0.0 U.S.dollars 78.2 69.0 83.7 76.0 74.8 83.6 84.2 81.5 7. DEBT RESTRUCTURINGS Total amount rescheduled 17,659 0 0 0 0 0 0 0 Debt stock rescheduled 17,630 0 0 0 0 0 0 0 Principal rescheduled 0 0 0 0 0 0 0 0 Official 0 0 0 0 0 0 0 0 Private 0 0 0 0 0 0 0 0 Interest rescheduled 0 0 0 0 0 0 0 0 Official 0 0 0 0 0 0 0 0 Private 0 0 0 0 0 0 0 0 Debt forgiven 0 0 0 0 0 0 0 0 Memo: interest forgiven 0 0 0 0 0 0 0 0 Debt stock reduction 2,361 0 0 0 0 0 0 0 of which debt buyback 634 0 0 0 0 0 0 0 8. DEBT STOCK-FLOW RECONCILIATION Total change in debt stocks 792 -1,313 1,266 -2,439 1,446 1,589 6,367 -1,083 Net flows on debt 2,036 -1,670 1,585 -3,574 698 1,366 6,978 -2,954 Cross-currency valuation 379 366 -328 681 824 374 -431 427 9. AVERAGE TERMS OF NEW COMMITMENTS ALL CREDITORS Interest (%) 8.2 7.4 8.1 5.1 7.5 6.7 6.6 5.6 Maturity (years) 14.5 7.3 8.0 8.7 9.7 14.5 13.4 18.0 Grace period (years) 5.6 3.6 2.6 1.7 8.3 12.9 12.7 7.8 Grant element (%) 9.5 9.5 6.2 17.2 10.7 15.7 22.7 29.2 Official creditors Interest (%) 7.8 6.8 8.0 4.6 4.5 5.0 6.2 5.6 Maturity (years) 15.6 17.2 12.7 12.9 10.5 7.9 10.4 18.0 Grace period (years) 4.9 5.2 2.6 2.3 1.8 2.2 2.7 7.8 Grant element (%) 11.9 19.1 9.9 25.1 22.9 18.0 16.0 29.2 Private creditors Interest (%) 8.5 7.7 8.2 5.4 7.6 7.1 6.6 0.0 Maturity (years) 13.6 3.3 6.3 7.0 9.6 15.9 13.8 0.0 Grace period (years) 6.1 3.0 2.6 1.4 8.7 15.3 13.7 0.0 Grant element (%) 7.8 5.6 5.0 13.9 10.0 15.1 23.4 0.0 10. CONTRACTUAL OBLIGATIONS ON OUTSTANDING LONG-TERM DEBT 2007 2008 2009 2010 2011 2012 2013 2014 TOTAL Principal 2,134 2,799 1,143 3,291 2,509 1,274 2,187 3,619 Interest 2,627 2,515 2,316 2,242 1,954 1,850 1,765 1,566 Official creditors Principal 624 636 585 561 527 472 419 300 Interest 261 244 219 193 164 137 111 86 Bilateral creditors Principal 152 192 185 161 129 115 110 93 Interest 55 55 47 37 28 20 13 7 Multilateral creditors Principal 471 443 400 400 399 357 309 207 Interest 206 189 173 156 136 117 98 80 Private creditors Principal 1,510 2,163 558 2,730 1,982 802 1,768 3,319 Interest 2,366 2,271 2,096 2,050 1,790 1,713 1,654 1,480 Notes: Short-term debt was revised from 1999 to 2004 based on the Central Bank data. 419 VIETNAM (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 1. SUMMARY DEBT DATA TOTAL DEBT STOCKS (EDT) 23,270 25,428 12,825 13,344 15,991 18,049 19,211 20,202 Long-term debt (LDOD) 21,378 21,778 11,586 12,179 14,363 15,631 16,433 17,518 Public and publicly guaranteed 21,378 21,778 11,586 12,179 14,363 15,631 16,433 17,518 Private nonguaranteed 0 0 0 0 0 0 0 0 Use of IMF credit 112 377 316 381 339 277 203 181 Short-term debt 1,780 3,272 923 784 1,289 2,141 2,575 2,504 of which interest arrears on LDOD 1,530 2,501 78 79 82 54 75 77 Official creditors 859 1,999 76 76 80 51 72 75 Private creditors 671 502 2 2 3 3 2 3 Memorandum items Principal arrears on LDOD 2,011 8,915 1,378 1,376 1,379 1,362 1,360 1,364 Official creditors 1,091 8,460 1,372 1,370 1,372 1,355 1,354 1,356 Private creditors 920 456 6 6 7 7 7 7 TOTAL DEBT FLOWS Disbursements 13 730 1,273 916 1,588 1,670 2,047 1,228 Long-term debt 13 639 1,273 862 1,588 1,670 2,047 1,228 IMF purchases 0 92 0 54 0 0 0 0 Principal repayments 104 225 958 895 506 430 519 464 Long-term debt 99 225 937 827 433 357 466 432 IMF repurchases 5 0 21 68 73 73 54 33 Net flows on debt -95 823 473 23 1,583 2,120 1,940 691 of which short-term debt -4 317 158 2 502 880 413 -73 Interest payments (INT) 70 139 352 301 301 357 438 454 Long-term debt 46 81 298 276 270 306 322 330 IMF charges 0 11 3 2 2 2 1 1 Short-term debt 23 46 51 23 29 49 115 123 Net transfers on debt -165 683 121 -279 1,282 1,763 1,503 237 Total debt service paid (TDS) 174 364 1,310 1,196 807 787 957 918 Long-term debt 146 306 1,234 1,103 703 663 788 761 IMF repurchases and charges 5 11 24 70 75 75 55 34 Short-term debt (interest only) 23 46 51 23 29 49 115 123 2. OTHER NET RESOURCE FLOWS (LONG-TERM) Net flow of long-term debt (ex. IMF) -86 414 336 35 1,155 1,313 1,581 797 Foreign direct investment (net) 180 1,780 1,298 1,400 1,450 1,610 1,954 2,315 Portfolio equity flows 0 0 0 0 0 0 0 0 Grants (excluding technical coop.) 96 348 236 242 319 395 499 543 of which: Debt forgiveness grants .. .. 11 1 1 1 1 55 IDA grants .. .. .. 0 0 0 2 5 Memo: technical coop. grants 98 229 245 246 291 314 317 357 Interest on long-term debt 46 81 298 276 270 306 322 330 Profit remittances on FDI 0 0 0 0 0 0 0 0 3. MAJOR ECONOMIC AGGREGATES Gross national income (GNI) 6,060 20,510 30,726 34,511 38,912 44,588 52,039 59,674 Exports of goods, serv. & inc. (XGS) .. .. 17,481 19,821 23,546 30,540 36,982 .. Worker remit. & comp. of employees 0 0 0 2,714 2,700 3,200 4,000 4,800 Imports of goods & services (MGS) .. .. 18,107 22,346 27,716 34,590 40,145 .. International reserves (RES) .. 1,324 3,417 4,121 6,224 7,041 9,051 13,384 Current account balance .. .. 1,106 -604 -1,931 -957 217 .. 4. DEBT INDICATORS EDT / XGS (%) .. .. 73.4 67.3 67.9 59.1 51.9 .. EDT / GNI (%) 384.0 124.0 41.7 38.7 41.1 40.5 36.9 33.9 TDS / XGS (%) .. .. 7.5 6.0 3.4 2.6 2.6 .. INT / XGS (%) .. .. 2.0 1.5 1.3 1.2 1.2 .. INT / GNI (%) 1.2 0.7 1.1 0.9 0.8 0.8 0.8 0.8 RES / EDT (%) .. 5.2 26.6 30.9 38.9 39.0 47.1 66.2 RES / MGS (months) .. .. 2.3 2.2 2.7 2.4 2.7 .. Short-term / EDT (%) 7.7 12.9 7.2 5.9 8.1 11.9 13.4 12.4 Concessional / EDT (%) 84.9 78.4 61.5 72.5 74.3 71.7 68.2 70.6 Multilateral / EDT (%) 0.6 1.3 14.8 21.5 25.5 27.4 26.8 29.0 420 VIETNAM (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 5. LONG-TERM DEBT DEBT OUTSTANDING (LDOD) 21,378 21,778 11,586 12,179 14,363 15,631 16,433 17,518 Public and publicly guaranteed 21,378 21,778 11,586 12,179 14,363 15,631 16,433 17,518 Official creditors 20,171 20,450 8,683 10,527 12,921 14,167 14,389 15,531 Multilateral 130 325 1,895 2,869 4,070 4,937 5,144 5,860 Concessional 103 325 1,846 2,794 3,997 4,871 5,082 5,774 Bilateral 20,041 20,126 6,787 7,658 8,851 9,230 9,246 9,671 Concessional 19,646 19,614 6,042 6,885 7,879 8,067 8,017 8,493 Private creditors 1,207 1,328 2,904 1,652 1,442 1,464 2,044 1,987 of which: Bonds 0 0 560 560 560 547 1,271 1,245 Commercial banks 684 1,043 1,658 520 372 483 438 469 Private nonguaranteed 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 Commercial banks and other 0 0 0 0 0 0 0 0 Memo: IBRD 0 0 0 0 0 0 0 0 IDA 59 231 1,113 1,715 2,472 3,039 3,187 3,663 Public sector LDOD 21,378 21,778 11,586 12,179 14,363 15,631 16,433 17,518 Private sector LDOD 0 0 0 0 0 0 0 0 DISBURSEMENTS 13 639 1,273 862 1,588 1,670 2,047 1,228 Public and publicly guaranteed 13 639 1,273 862 1,588 1,670 2,047 1,228 Official creditors 13 233 1,177 814 1,567 1,520 1,261 1,151 Multilateral 4 100 395 466 786 634 639 548 Concessional 0 100 367 444 785 633 639 521 Bilateral 9 133 782 348 780 887 622 602 Concessional 8 133 738 329 590 665 616 597 Private creditors 0 406 96 48 21 150 786 78 of which: Bonds 0 0 0 0 0 0 750 0 Commercial banks 0 389 9 27 19 150 36 78 Private nonguaranteed 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 Commercial banks and other 0 0 0 0 0 0 0 0 Memo: IBRD 0 0 0 0 0 0 0 0 IDA 0 47 174 261 567 444 391 340 PRINCIPAL REPAYMENTS 99 225 937 827 433 357 466 432 Public and publicly guaranteed 99 225 937 827 433 357 466 432 Official creditors 99 175 134 134 153 216 306 288 Multilateral 3 7 6 4 9 23 31 43 Concessional 3 7 6 4 6 18 27 40 Bilateral 96 168 128 130 144 193 275 245 Concessional 43 72 93 101 115 141 167 165 Private creditors 0 50 802 693 280 141 160 144 of which: Bonds 0 0 0 0 0 13 26 26 Commercial banks 0 0 617 596 191 45 56 53 Private nonguaranteed 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 Commercial banks and other 0 0 0 0 0 0 0 0 Memo: IBRD 0 0 0 0 0 0 0 0 IDA 1 1 2 2 2 8 14 23 INTEREST PAYMENTS (LINT) 46 81 298 276 270 306 322 330 Public and publicly guaranteed 46 81 298 276 270 306 322 330 Official creditors 26 50 77 188 204 250 261 236 Multilateral 2 2 14 22 30 48 52 55 Concessional 0 2 13 20 28 45 50 53 Bilateral 24 47 63 166 174 203 208 180 Concessional 3 21 48 148 155 176 174 153 Private creditors 20 32 220 88 66 56 61 94 of which: Bonds 0 0 23 22 22 22 22 57 Commercial banks 4 24 153 37 19 14 24 25 Private nonguaranteed 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 Commercial banks and other 0 0 0 0 0 0 0 0 Memo: IBRD 0 0 0 0 0 0 0 0 IDA 0 2 7 11 15 29 31 33 421 VIETNAM (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 6. CURRENCY COMPOSITION OF PUBLIC AND PUBLICLY GUARANTEED DEBT (PERCENT) Euro .. .. .. 8.0 7.8 6.7 5.7 6.1 Japanese yen 2.0 5.6 23.5 27.6 28.7 27.8 25.9 26.6 Pound sterling 0.2 0.1 0.1 0.1 0.1 0.1 0.1 0.1 Swiss franc 0.0 0.0 0.1 0.0 0.0 0.0 0.0 0.0 U.S.dollars 5.5 8.4 43.3 38.4 39.6 41.7 44.8 44.2 7. DEBT RESTRUCTURINGS Total amount rescheduled 410 89 0 0 0 0 201 0 Debt stock rescheduled 0 0 0 0 0 0 0 0 Principal rescheduled 0 61 0 0 0 0 0 0 Official 0 48 0 0 0 0 0 0 Private 0 13 0 0 0 0 0 0 Interest rescheduled 0 1 0 0 0 0 0 0 Official 0 1 0 0 0 0 0 0 Private 0 0 0 0 0 0 0 0 Debt forgiven 0 32 5 0 0 5 3 0 Memo: interest forgiven 0 0 1,631 0 0 0 0 0 Debt stock reduction 0 0 8,759 0 0 0 0 0 of which debt buyback 0 0 0 0 0 0 0 0 8. DEBT STOCK-FLOW RECONCILIATION Total change in debt stocks 0 628 -10,385 759 2,647 2,058 1,162 991 Net flows on debt -95 823 473 23 1,583 2,120 1,940 691 Cross-currency valuation 0 1 -457 674 908 501 -1,078 324 9. AVERAGE TERMS OF NEW COMMITMENTS ALL CREDITORS Interest (%) 5.7 3.3 1.4 1.3 1.9 1.8 2.9 1.8 Maturity (years) 9.6 26.3 36.1 35.0 27.9 29.9 27.0 32.4 Grace period (years) 4.2 7.9 9.6 9.4 7.7 7.8 9.4 8.6 Grant element (%) 19.9 51.9 73.2 72.6 60.7 64.2 57.2 67.0 Official creditors Interest (%) 5.7 2.3 1.4 1.3 1.9 1.4 1.3 1.9 Maturity (years) 9.6 31.5 36.1 35.0 27.9 32.9 33.6 33.3 Grace period (years) 4.2 9.5 9.6 9.4 7.7 8.7 9.1 8.7 Grant element (%) 19.9 63.3 73.2 72.6 60.7 70.1 72.1 66.8 Private creditors Interest (%) 0.0 6.7 0.0 0.0 0.0 3.9 6.9 0.0 Maturity (years) 0.0 7.2 0.0 0.0 0.0 12.2 10.2 21.1 Grace period (years) 0.0 2.0 0.0 0.0 0.0 2.3 10.1 6.6 Grant element (%) 0.0 10.2 0.0 0.0 0.0 28.8 19.3 69.7 10. CONTRACTUAL OBLIGATIONS ON OUTSTANDING LONG-TERM DEBT 2007 2008 2009 2010 2011 2012 2013 2014 TOTAL Principal 631 718 754 815 828 856 903 945 Interest 431 435 435 427 416 403 385 366 Official creditors Principal 489 586 634 709 736 755 805 855 Interest 318 328 335 333 327 318 305 290 Bilateral creditors Principal 416 492 510 555 536 536 570 597 Interest 236 236 230 220 208 198 185 173 Multilateral creditors Principal 72 93 124 155 200 219 235 259 Interest 82 92 105 113 118 120 120 117 Private creditors Principal 142 132 120 105 92 100 98 89 Interest 113 107 100 94 89 85 81 76 Notes: 0 422 YEMEN, REPUBLIC OF (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 1. SUMMARY DEBT DATA TOTAL DEBT STOCKS (EDT) 6,352 6,217 5,075 5,225 5,375 5,488 5,363 5,563 Long-term debt (LDOD) 5,160 5,528 4,059 4,497 4,745 4,799 4,717 5,000 Public and publicly guaranteed 5,160 5,528 4,059 4,497 4,745 4,799 4,717 5,000 Private nonguaranteed 0 0 0 0 0 0 0 0 Use of IMF credit 0 0 317 386 401 376 292 246 Short-term debt 1,192 689 699 341 229 313 353 318 of which interest arrears on LDOD 192 473 27 26 46 115 94 100 Official creditors 131 316 25 22 41 107 94 100 Private creditors 61 157 2 4 6 8 0 0 Memorandum items Principal arrears on LDOD 845 2,408 289 261 318 245 170 120 Official creditors 383 1,330 288 255 308 229 170 120 Private creditors 463 1,078 1 5 10 16 0 0 TOTAL DEBT FLOWS Disbursements 305 118 136 149 157 157 248 346 Long-term debt 305 118 136 149 157 157 248 346 IMF purchases 0 0 0 0 0 0 0 0 Principal repayments 81 65 153 110 118 154 149 154 Long-term debt 79 65 81 92 99 113 93 94 IMF repurchases 1 0 71 18 19 41 56 60 Net flows on debt 386 36 268 -57 -94 18 160 151 of which short-term debt 161 -17 285 -97 -132 15 61 -41 Interest payments (INT) 88 37 91 61 58 69 62 72 Long-term debt 28 25 45 47 51 62 55 64 IMF charges 0 0 10 3 3 3 3 3 Short-term debt 60 11 35 11 4 4 4 4 Net transfers on debt 297 0 178 -119 -151 -51 98 79 Total debt service paid (TDS) 169 102 243 171 176 223 211 226 Long-term debt 108 91 126 139 150 175 148 159 IMF repurchases and charges 1 0 81 21 22 44 59 63 Short-term debt (interest only) 60 11 35 11 4 4 4 4 2. OTHER NET RESOURCE FLOWS (LONG-TERM) Net flow of long-term debt (ex. IMF) 226 53 55 57 58 44 155 252 Foreign direct investment (net) -131 -218 6 114 -89 144 -302 1,121 Portfolio equity flows 0 0 0 0 0 0 0 0 Grants (excluding technical coop.) 238 92 163 112 130 173 157 139 of which: Debt forgiveness grants .. .. 10 14 10 16 10 9 IDA grants .. .. .. 0 0 0 0 0 Memo: technical coop. grants 106 65 49 55 53 52 57 66 Interest on long-term debt 28 25 45 47 51 62 55 64 Profit remittances on FDI 283 433 855 840 945 1,289 1,603 1,403 3. MAJOR ECONOMIC AGGREGATES Gross national income (GNI) 4,792 3,678 8,834 9,036 9,910 12,599 15,202 17,611 Exports of goods, serv. & inc. (XGS) 3,026 3,277 5,446 5,216 5,621 6,432 8,246 9,464 Worker remit. & comp. of employees 1,498 1,080 1,288 1,294 1,270 1,283 1,283 1,283 Imports of goods & services (MGS) 2,579 3,069 4,221 4,767 5,569 6,368 7,745 9,332 International reserves (RES) 441 638 2,914 4,428 5,008 5,687 6,141 7,543 Current account balance 739 184 1,337 538 149 225 624 206 4. DEBT INDICATORS EDT / XGS (%) 209.9 189.7 93.2 100.2 95.6 85.3 65.0 58.8 EDT / GNI (%) 132.6 169.0 57.4 57.8 54.2 43.6 35.3 31.6 TDS / XGS (%) 5.6 3.1 4.5 3.3 3.1 3.5 2.6 2.4 INT / XGS (%) 2.9 1.1 1.7 1.2 1.0 1.1 0.8 0.8 INT / GNI (%) 1.8 1.0 1.0 0.7 0.6 0.5 0.4 0.4 RES / EDT (%) 6.9 10.3 57.4 84.7 93.2 103.6 114.5 135.6 RES / MGS (months) 2.1 2.5 8.3 11.1 10.8 10.7 9.5 9.7 Short-term / EDT (%) 18.8 11.1 13.8 6.5 4.3 5.7 6.6 5.7 Concessional / EDT (%) 50.7 56.7 77.3 84.1 86.1 85.5 87.0 88.8 Multilateral / EDT (%) 16.2 20.6 33.0 34.8 37.8 39.8 41.4 45.1 423 YEMEN, REPUBLIC OF (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 5. LONG-TERM DEBT DEBT OUTSTANDING (LDOD) 5,160 5,528 4,059 4,497 4,745 4,799 4,717 5,000 Public and publicly guaranteed 5,160 5,528 4,059 4,497 4,745 4,799 4,717 5,000 Official creditors 3,502 3,810 3,996 4,438 4,673 4,723 4,686 4,959 Multilateral 1,026 1,278 1,676 1,820 2,032 2,185 2,218 2,506 Concessional 990 1,240 1,636 1,800 2,015 2,185 2,218 2,506 Bilateral 2,476 2,532 2,320 2,618 2,641 2,538 2,468 2,452 Concessional 2,231 2,287 2,289 2,596 2,613 2,509 2,449 2,434 Private creditors 1,658 1,718 63 59 71 77 31 41 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 80 80 53 59 71 77 7 7 Private nonguaranteed 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 Commercial banks and other 0 0 0 0 0 0 0 0 Memo: IBRD 0 0 0 0 0 0 0 0 IDA 602 827 1,216 1,384 1,567 1,701 1,689 1,894 Public sector LDOD 5,160 5,528 4,059 4,497 4,745 4,799 4,717 5,000 Private sector LDOD 0 0 0 0 0 0 0 0 DISBURSEMENTS 305 118 136 149 157 157 248 346 Public and publicly guaranteed 305 118 136 149 157 157 248 346 Official creditors 139 118 136 149 157 157 223 339 Multilateral 56 109 111 125 138 154 216 262 Concessional 55 88 102 125 138 154 216 262 Bilateral 84 9 25 25 18 4 7 78 Concessional 84 9 24 23 14 3 7 78 Private creditors 166 0 0 0 0 0 24 7 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 Commercial banks and other 0 0 0 0 0 0 0 0 Memo: IBRD 0 0 0 0 0 0 0 0 IDA 27 42 65 83 89 92 129 160 PRINCIPAL REPAYMENTS 79 65 81 92 99 113 93 94 Public and publicly guaranteed 79 65 81 92 99 113 93 94 Official creditors 74 63 81 92 99 113 93 94 Multilateral 41 53 60 62 61 76 58 61 Concessional 26 48 52 53 56 59 58 61 Bilateral 34 10 20 30 38 38 35 33 Concessional 34 10 20 29 38 37 32 31 Private creditors 5 2 0 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 Commercial banks and other 0 0 0 0 0 0 0 0 Memo: IBRD 0 0 0 0 0 0 0 0 IDA 2 8 14 19 23 26 27 31 INTEREST PAYMENTS (LINT) 28 25 45 47 51 62 55 64 Public and publicly guaranteed 28 25 45 47 51 62 55 64 Official creditors 23 25 45 47 51 61 55 64 Multilateral 14 18 21 21 23 27 27 28 Concessional 12 17 19 20 22 26 27 28 Bilateral 9 7 24 25 28 35 28 36 Concessional 9 7 22 24 27 33 27 35 Private creditors 5 0 0 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 Commercial banks and other 0 0 0 0 0 0 0 0 Memo: IBRD 0 0 0 0 0 0 0 0 IDA 3 6 9 10 11 15 15 15 424 YEMEN, REPUBLIC OF (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 6. CURRENCY COMPOSITION OF PUBLIC AND PUBLICLY GUARANTEED DEBT (PERCENT) Euro .. .. .. 1.5 1.8 1.9 0.4 1.8 Japanese yen 4.4 6.1 7.8 7.3 7.6 7.5 6.6 6.0 Pound sterling 0.7 0.6 0.3 0.1 0.1 0.2 0.1 0.0 Swiss franc 0.3 0.3 0.0 0.0 0.0 0.0 0.0 0.0 U.S.dollars 20.2 21.2 67.9 65.2 65.4 66.4 68.4 66.3 7. DEBT RESTRUCTURINGS Total amount rescheduled 98 0 123 77 0 0 65 0 Debt stock rescheduled 0 0 0 0 0 0 0 0 Principal rescheduled 98 0 107 7 0 0 63 0 Official 98 0 105 7 0 0 0 0 Private 0 0 2 0 0 0 63 0 Interest rescheduled 0 0 10 6 0 0 2 0 Official 0 0 9 6 0 0 0 0 Private 0 0 1 0 0 0 2 0 Debt forgiven 0 0 9 0 5 47 66 122 Memo: interest forgiven 0 0 0 0 1 14 50 1 Debt stock reduction 0 0 0 0 0 0 0 0 of which debt buyback 0 0 0 0 0 0 0 0 8. DEBT STOCK-FLOW RECONCILIATION Total change in debt stocks 759 92 -1,118 138 151 113 -126 201 Net flows on debt 386 36 268 -57 -94 18 160 151 Cross-currency valuation 233 -49 -139 188 234 78 -207 108 9. AVERAGE TERMS OF NEW COMMITMENTS ALL CREDITORS Interest (%) 1.8 5.1 0.9 1.3 1.7 1.8 2.2 1.9 Maturity (years) 28.6 12.5 36.5 36.5 31.4 29.5 31.4 30.6 Grace period (years) 7.2 3.3 9.6 9.6 8.4 6.7 9.3 8.4 Grant element (%) 61.3 23.5 76.7 74.2 66.9 61.9 63.4 65.1 Official creditors Interest (%) 1.8 5.1 0.9 1.3 1.9 1.8 2.2 1.9 Maturity (years) 28.6 12.5 36.5 36.5 31.7 29.5 31.4 30.6 Grace period (years) 7.2 3.3 9.6 9.6 7.9 6.7 9.3 8.4 Grant element (%) 61.3 23.5 76.7 74.2 65.2 61.9 63.4 65.1 Private creditors Interest (%) 0.0 0.0 0.0 0.0 1.0 0.0 0.0 0.0 Maturity (years) 0.0 0.0 0.0 0.0 29.9 0.0 0.0 0.0 Grace period (years) 0.0 0.0 0.0 0.0 10.4 0.0 0.0 0.0 Grant element (%) 0.0 0.0 0.0 0.0 74.5 0.0 0.0 0.0 10. CONTRACTUAL OBLIGATIONS ON OUTSTANDING LONG-TERM DEBT 2007 2008 2009 2010 2011 2012 2013 2014 TOTAL Principal 158 174 210 216 208 200 208 212 Interest 65 68 70 69 68 66 63 60 Official creditors Principal 157 173 209 215 207 199 208 210 Interest 64 68 70 69 67 65 63 60 Bilateral creditors Principal 87 94 119 118 102 86 84 82 Interest 31 30 29 27 26 24 23 22 Multilateral creditors Principal 70 79 90 97 105 113 123 128 Interest 33 38 40 42 42 41 40 38 Private creditors Principal 1 1 1 1 1 1 1 3 Interest 0 0 0 0 0 0 0 0 Notes: 425 ZAMBIA (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 1. SUMMARY DEBT DATA TOTAL DEBT STOCKS (EDT) 6,905 6,958 5,722 6,591 6,800 7,455 5,378 2,325 Long-term debt (LDOD) 4,543 5,304 4,508 5,484 5,835 6,413 4,542 1,829 Public and publicly guaranteed 4,541 5,291 4,444 5,265 5,582 5,848 3,946 1,003 Private nonguaranteed 2 13 65 220 252 566 596 826 Use of IMF credit 949 1,239 1,138 1,015 859 890 591 41 Short-term debt 1,413 415 76 92 106 151 244 455 of which interest arrears on LDOD 738 177 33 24 36 62 90 152 Official creditors 670 145 23 4 4 0 0 33 Private creditors 68 32 10 20 32 62 90 119 Memorandum items Principal arrears on LDOD 1,493 772 137 488 538 742 340 336 Official creditors 1,389 678 109 310 380 471 99 76 Private creditors 104 94 28 178 158 271 241 260 TOTAL DEBT FLOWS Disbursements 164 2,606 287 444 206 817 233 370 Long-term debt 164 352 261 273 206 573 216 346 IMF purchases 0 2,253 26 172 0 245 16 24 Principal repayments 124 2,067 98 163 378 392 215 103 Long-term debt 100 242 98 101 307 143 136 103 IMF repurchases 25 1,825 0 62 71 249 79 0 Net flows on debt -125 435 159 209 -170 444 82 417 of which short-term debt -165 -104 -30 -72 2 19 65 149 Interest payments (INT) 76 545 88 62 180 74 64 51 Long-term debt 72 125 80 55 173 68 58 45 IMF charges 2 419 6 5 5 4 4 0 Short-term debt 3 1 3 2 2 2 3 6 Net transfers on debt -201 -111 71 147 -350 370 18 366 Total debt service paid (TDS) 201 2,613 185 225 558 466 280 154 Long-term debt 171 367 177 156 480 211 194 147 IMF repurchases and charges 27 2,244 6 67 76 253 83 0 Short-term debt (interest only) 3 1 3 2 2 2 3 6 2. OTHER NET RESOURCE FLOWS (LONG-TERM) Net flow of long-term debt (ex. IMF) 65 110 163 171 -101 430 80 243 Foreign direct investment (net) 203 97 122 303 184 214 262 575 Portfolio equity flows 0 0 6 0 2 0 5 2 Grants (excluding technical coop.) 663 362 415 407 620 822 1,501 3,777 of which: Debt forgiveness grants .. .. 47 47 274 387 984 3,227 IDA grants .. .. .. 0 16 10 22 20 Memo: technical coop. grants 128 164 108 116 123 147 168 184 Interest on long-term debt 72 125 80 55 173 68 58 45 Profit remittances on FDI 115 0 0 0 24 41 60 87 3. MAJOR ECONOMIC AGGREGATES Gross national income (GNI) 3,008 3,235 3,082 3,546 4,184 5,043 6,662 9,732 Exports of goods, serv. & inc. (XGS) 1,362 .. 892 1,088 1,316 2,149 2,572 4,225 Worker remit. & comp. of employees 0 0 0 0 36 48 53 58 Imports of goods & services (MGS) 2,336 .. 1,496 1,769 1,978 2,293 2,839 3,389 International reserves (RES) 201 223 245 535 248 337 560 720 Current account balance -594 .. -591 -604 -651 -164 -213 950 4. DEBT INDICATORS EDT / XGS (%) 507.0 .. 641.8 605.6 516.6 346.9 209.1 55.0 EDT / GNI (%) 229.5 215.1 185.7 185.9 162.5 147.8 80.7 23.9 TDS / XGS (%) 14.7 .. 20.8 20.7 42.4 21.7 10.9 3.6 INT / XGS (%) 5.6 .. 9.9 5.7 13.7 3.5 2.5 1.2 INT / GNI (%) 2.5 16.9 2.9 1.7 4.3 1.5 1.0 0.5 RES / EDT (%) 2.9 3.2 4.3 8.1 3.6 4.5 10.4 31.0 RES / MGS (months) 1.0 .. 2.0 3.6 1.5 1.8 2.4 2.5 Short-term / EDT (%) 20.5 6.0 1.3 1.4 1.6 2.0 4.5 19.6 Concessional / EDT (%) 29.9 47.3 62.5 59.7 63.3 61.0 61.0 24.8 Multilateral / EDT (%) 20.1 30.5 42.0 41.6 45.3 45.0 58.3 28.4 426 ZAMBIA (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 5. LONG-TERM DEBT DEBT OUTSTANDING (LDOD) 4,543 5,304 4,508 5,484 5,835 6,413 4,542 1,829 Public and publicly guaranteed 4,541 5,291 4,444 5,265 5,582 5,848 3,946 1,003 Official creditors 4,097 5,080 4,412 4,746 5,157 5,411 3,651 933 Multilateral 1,389 2,120 2,403 2,739 3,077 3,355 3,135 659 Concessional 579 1,715 2,252 2,498 2,811 3,082 2,922 452 Bilateral 2,708 2,960 2,009 2,007 2,080 2,055 515 273 Concessional 1,487 1,579 1,326 1,440 1,490 1,467 358 126 Private creditors 444 210 31 519 426 437 295 70 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 70 16 0 0 0 0 0 0 Private nonguaranteed 2 13 65 220 252 566 596 826 Bonds 0 0 0 0 0 0 0 0 Commercial banks and other 2 13 65 220 252 566 596 826 Memo: IBRD 539 163 25 10 3 0 0 0 IDA 274 1,270 1,823 2,144 2,405 2,637 2,488 260 Public sector LDOD 4,541 5,259 4,413 5,261 5,580 5,845 3,944 1,002 Private sector LDOD 2 45 95 223 255 569 599 827 DISBURSEMENTS 164 352 261 273 206 573 216 346 Public and publicly guaranteed 162 351 251 204 141 194 112 89 Official creditors 117 327 251 204 141 194 112 89 Multilateral 106 251 249 182 116 193 110 89 Concessional 41 237 244 171 106 173 108 86 Bilateral 11 76 2 22 25 1 2 0 Concessional 9 72 2 6 10 1 2 0 Private creditors 46 24 0 0 0 0 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 0 8 0 0 0 0 0 0 Private nonguaranteed 2 1 10 69 65 379 105 257 Bonds 0 0 0 0 0 0 0 0 Commercial banks and other 2 1 10 69 65 379 105 257 Memo: IBRD 0 0 0 0 0 0 0 0 IDA 3 209 210 141 74 141 77 40 PRINCIPAL REPAYMENTS 100 242 98 101 307 143 136 103 Public and publicly guaranteed 100 241 79 94 270 78 70 67 Official creditors 43 180 79 92 148 65 59 67 Multilateral 37 120 51 19 19 33 21 42 Concessional 2 15 22 5 6 8 8 23 Bilateral 5 60 28 73 129 32 38 25 Concessional 0 32 18 26 72 8 7 16 Private creditors 57 61 1 2 122 13 12 0 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 0 2 0 0 0 0 0 0 Private nonguaranteed 0 1 18 7 37 64 66 36 Bonds 0 0 0 0 0 0 0 0 Commercial banks and other 0 1 18 7 37 64 66 36 Memo: IBRD 5 50 8 6 7 3 0 0 IDA 0 2 4 0 0 0 1 17 INTEREST PAYMENTS (LINT) 72 125 80 55 173 68 58 45 Public and publicly guaranteed 72 125 76 50 169 43 29 22 Official creditors 43 116 76 50 85 42 29 22 Multilateral 33 65 33 10 17 26 25 19 Concessional 3 16 19 7 12 18 19 14 Bilateral 10 51 42 40 69 16 4 2 Concessional 9 16 22 15 47 4 3 2 Private creditors 29 9 0 0 84 1 0 0 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 0 1 0 0 0 0 0 0 Private nonguaranteed 0 0 4 4 4 25 28 23 Bonds 0 0 0 0 0 0 0 0 Commercial banks and other 0 0 4 4 4 25 28 23 Memo: IBRD 1 15 3 1 1 0 0 0 IDA 0 9 13 5 9 14 16 11 427 ZAMBIA (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 6. CURRENCY COMPOSITION OF PUBLIC AND PUBLICLY GUARANTEED DEBT (PERCENT) Euro .. .. .. 13.6 14.1 14.7 5.9 18.6 Japanese yen 10.0 11.2 13.9 10.0 10.1 9.7 1.2 0.0 Pound sterling 8.5 7.7 3.9 7.4 5.6 5.7 5.1 1.8 Swiss franc 0.5 0.1 0.0 0.0 0.0 0.0 0.0 0.0 U.S.dollars 28.1 39.6 61.7 57.3 58.5 58.9 72.7 47.4 7. DEBT RESTRUCTURINGS Total amount rescheduled 690 20 169 2 2 1 58 0 Debt stock rescheduled 38 0 0 0 0 0 0 0 Principal rescheduled 466 7 105 37 1 0 5 0 Official 342 7 105 37 0 0 5 0 Private 123 0 0 0 1 0 0 0 Interest rescheduled 321 5 63 71 0 0 10 0 Official 299 5 63 71 0 0 10 0 Private 22 0 0 0 0 0 0 0 Debt forgiven 114 1 39 58 67 50 51 31 Memo: interest forgiven 22 1 18 27 29 26 13 13 Debt stock reduction 26 2 0 0 0 0 1,406 2,821 of which debt buyback 0 0 0 0 0 0 0 0 8. DEBT STOCK-FLOW RECONCILIATION Total change in debt stocks 351 149 -137 487 208 655 -2,077 -3,053 Net flows on debt -125 435 159 209 -170 444 82 417 Cross-currency valuation 302 -103 -289 436 545 208 -524 -2,445 9. AVERAGE TERMS OF NEW COMMITMENTS ALL CREDITORS Interest (%) 8.1 1.8 0.8 0.8 2.2 0.8 0.8 0.8 Maturity (years) 15.8 36.3 39.6 27.7 29.8 41.5 35.3 39.7 Grace period (years) 4.7 10.1 10.1 7.4 7.6 10.1 8.7 10.2 Grant element (%) 14.5 70.2 80.4 61.4 60.5 80.6 74.8 80.5 Official creditors Interest (%) 6.5 1.5 0.8 0.8 2.2 0.8 0.8 0.8 Maturity (years) 20.7 37.3 39.6 27.7 29.8 41.5 35.3 39.7 Grace period (years) 6.6 10.3 10.1 7.4 7.6 10.1 8.7 10.2 Grant element (%) 24.8 72.9 80.4 61.4 60.5 80.6 74.8 80.5 Private creditors Interest (%) 11.0 10.5 0.0 0.0 0.0 0.0 0.0 0.0 Maturity (years) 6.9 9.2 0.0 0.0 0.0 0.0 0.0 0.0 Grace period (years) 1.4 2.9 0.0 0.0 0.0 0.0 0.0 0.0 Grant element (%) -4.1 -3.7 0.0 0.0 0.0 0.0 0.0 0.0 10. CONTRACTUAL OBLIGATIONS ON OUTSTANDING LONG-TERM DEBT 2007 2008 2009 2010 2011 2012 2013 2014 TOTAL Principal 195 187 162 132 112 99 69 53 Interest 67 45 34 27 21 16 11 9 Official creditors Principal 80 79 59 39 40 40 30 33 Interest 22 17 13 11 10 9 8 8 Bilateral creditors Principal 46 46 27 6 6 7 7 7 Interest 12 8 5 3 3 3 2 2 Multilateral creditors Principal 35 33 32 33 33 33 24 26 Interest 9 9 8 7 7 6 6 6 Private creditors Principal 115 108 103 92 73 59 38 20 Interest 46 28 21 16 12 7 3 2 Notes: Zambia was granted debt relief effective in 2006 under the Multilateral Debt Relief Initiative. Rescheduling: Data include the effects of Paris Club debt restructuring agreement signed in 2005. 428 ZIMBABWE (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 1. SUMMARY DEBT DATA TOTAL DEBT STOCKS (EDT) 3,279 4,989 3,827 3,887 4,483 4,818 4,296 4,677 Long-term debt (LDOD) 2,681 3,843 2,979 3,104 3,448 3,640 3,290 3,471 Public and publicly guaranteed 2,496 3,462 2,774 3,021 3,388 3,594 3,258 3,452 Private nonguaranteed 185 381 205 83 60 46 32 19 Use of IMF credit 7 461 281 280 302 293 111 113 Short-term debt 591 685 568 503 734 884 896 1,093 of which interest arrears on LDOD 0 3 55 272 399 487 539 604 Official creditors 0 1 40 223 334 408 461 513 Private creditors 0 2 15 49 65 80 78 91 Memorandum items Principal arrears on LDOD 0 21 167 927 1,365 1,625 1,580 1,837 Official creditors 0 8 108 719 1,072 1,270 1,229 1,431 Private creditors 0 13 60 209 293 355 351 407 TOTAL DEBT FLOWS Disbursements 424 654 185 26 41 98 25 31 Long-term debt 424 574 185 26 41 98 25 31 IMF purchases 0 80 0 0 0 0 0 0 Principal repayments 270 398 282 49 41 77 198 31 Long-term debt 247 398 212 46 36 56 33 27 IMF repurchases 24 0 70 3 4 21 165 3 Net flows on debt 335 442 -330 -164 104 83 -213 133 of which short-term debt 181 187 -233 -141 104 62 -40 132 Interest payments (INT) 201 238 138 59 14 23 27 53 Long-term debt 149 189 81 51 7 10 7 3 IMF charges 2 13 10 0 0 0 0 23 Short-term debt 49 35 48 8 6 13 19 27 Net transfers on debt 134 205 -469 -223 90 61 -240 80 Total debt service paid (TDS) 471 636 421 109 54 100 225 83 Long-term debt 396 587 293 97 43 66 41 30 IMF repurchases and charges 26 13 80 3 5 21 165 27 Short-term debt (interest only) 49 35 48 8 6 13 19 27 2. OTHER NET RESOURCE FLOWS (LONG-TERM) Net flow of long-term debt (ex. IMF) 177 176 -27 -20 5 42 -9 4 Foreign direct investment (net) -12 118 23 26 4 9 103 40 Portfolio equity flows 0 0 0 0 0 0 0 0 Grants (excluding technical coop.) 199 308 114 136 140 157 316 221 of which: Debt forgiveness grants .. .. 0 0 0 0 0 0 IDA grants .. .. .. 0 0 0 0 0 Memo: technical coop. grants 103 132 74 64 61 55 69 69 Interest on long-term debt 149 189 81 51 7 10 7 3 Profit remittances on FDI 92 0 0 0 0 0 0 0 3. MAJOR ECONOMIC AGGREGATES Gross national income (GNI) 8,494 6,789 7,145 21,651 7,207 4,503 3,220 .. Exports of goods, serv. & inc. (XGS) 2,035 .. .. .. .. .. .. .. Worker remit. & comp. of employees 1 0 0 0 0 0 0 0 Imports of goods & services (MGS) 2,287 .. .. .. .. .. .. .. International reserves (RES) 295 888 321 132 .. .. .. .. Current account balance -140 .. .. .. .. .. .. .. 4. DEBT INDICATORS EDT / XGS (%) 161.1 .. .. .. .. .. .. .. EDT / GNI (%) 38.6 73.5 53.6 18.0 62.2 107.0 133.4 .. TDS / XGS (%) 23.1 .. .. .. .. .. .. .. INT / XGS (%) 9.9 .. .. .. .. .. .. .. INT / GNI (%) 2.4 3.5 1.9 0.3 0.2 0.5 0.8 .. RES / EDT (%) 9.0 17.8 8.4 3.4 .. .. .. .. RES / MGS (months) 1.5 .. .. .. .. .. .. .. Short-term / EDT (%) 18.0 13.7 14.8 12.9 16.4 18.4 20.8 23.4 Concessional / EDT (%) 28.6 31.4 37.1 39.8 39.1 38.3 38.6 37.7 Multilateral / EDT (%) 19.4 29.9 35.3 36.4 34.4 33.4 34.6 33.1 429 ZIMBABWE (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 5. LONG-TERM DEBT DEBT OUTSTANDING (LDOD) 2,681 3,843 2,979 3,104 3,448 3,640 3,290 3,471 Public and publicly guaranteed 2,496 3,462 2,774 3,021 3,388 3,594 3,258 3,452 Official creditors 1,540 2,798 2,437 2,652 2,961 3,119 2,830 2,989 Multilateral 637 1,491 1,352 1,415 1,544 1,611 1,484 1,548 Concessional 129 413 544 565 619 652 602 633 Bilateral 903 1,307 1,085 1,237 1,417 1,507 1,346 1,441 Concessional 810 1,154 876 982 1,135 1,192 1,057 1,128 Private creditors 956 664 337 369 427 476 428 463 of which: Bonds 293 120 0 0 0 0 0 0 Commercial banks 208 162 198 238 272 295 264 287 Private nonguaranteed 185 381 205 83 60 46 32 19 Bonds 0 0 0 0 0 0 0 0 Commercial banks and other 185 381 205 83 60 46 32 19 Memo: IBRD 381 560 416 421 453 467 437 445 IDA 67 336 437 450 493 516 478 501 Public sector LDOD 2,495 3,462 2,767 3,013 3,381 3,587 3,251 3,452 Private sector LDOD 186 381 212 91 68 53 39 19 DISBURSEMENTS 424 574 185 26 41 98 25 31 Public and publicly guaranteed 297 345 139 26 39 90 24 28 Official creditors 158 232 125 26 24 63 16 23 Multilateral 72 125 44 2 1 9 6 2 Concessional 7 26 15 2 0 5 0 2 Bilateral 86 106 81 23 23 54 10 21 Concessional 76 92 35 23 9 11 10 1 Private creditors 139 114 15 0 15 27 8 5 of which: Bonds 0 0 0 0 0 0 0 0 Commercial banks 29 72 11 0 1 3 4 0 Private nonguaranteed 127 229 46 1 2 8 0 4 Bonds 0 0 0 0 0 0 0 0 Commercial banks and other 127 229 46 1 2 8 0 4 Memo: IBRD 40 32 19 0 0 0 0 0 IDA 0 15 8 0 0 0 0 0 PRINCIPAL REPAYMENTS 247 398 212 46 36 56 33 27 Public and publicly guaranteed 229 307 147 1 11 34 19 11 Official creditors 78 166 114 1 10 28 9 9 Multilateral 46 77 77 1 3 6 5 0 Concessional 4 7 1 0 1 1 0 0 Bilateral 32 89 37 0 7 21 4 9 Concessional 17 54 14 0 1 4 4 1 Private creditors 151 142 33 0 1 6 10 2 of which: Bonds 30 30 0 0 0 0 0 0 Commercial banks 46 32 12 0 0 0 1 0 Private nonguaranteed 18 91 65 46 25 22 14 16 Bonds 0 0 0 0 0 0 0 0 Commercial banks and other 18 91 65 46 25 22 14 16 Memo: IBRD 33 47 46 0 0 2 2 0 IDA 0 1 0 0 0 0 0 0 INTEREST PAYMENTS (LINT) 149 189 81 51 7 10 7 3 Public and publicly guaranteed 141 163 64 7 1 7 3 2 Official creditors 67 115 51 2 1 6 2 2 Multilateral 43 81 37 1 0 5 2 0 Concessional 1 4 2 0 0 1 0 0 Bilateral 24 34 14 2 1 1 0 2 Concessional 15 22 6 1 0 1 0 0 Private creditors 74 48 13 4 0 0 1 0 of which: Bonds 13 6 0 0 0 0 0 0 Commercial banks 28 11 5 2 0 0 0 0 Private nonguaranteed 9 26 17 44 6 3 4 0 Bonds 0 0 0 0 0 0 0 0 Commercial banks and other 9 26 17 44 6 3 4 0 Memo: IBRD 33 46 26 0 0 1 1 0 IDA 0 2 1 0 0 0 0 0 430 ZIMBABWE (US$ million, unless otherwise indicated) 1990 1995 2000 2002 2003 2004 2005 2006 6. CURRENCY COMPOSITION OF PUBLIC AND PUBLICLY GUARANTEED DEBT (PERCENT) Euro .. .. .. 30.5 33.3 33.3 31.3 33.0 Japanese yen 2.1 3.6 5.4 5.3 5.3 5.1 5.2 4.9 Pound sterling 13.8 6.7 5.5 5.9 5.8 5.9 5.8 6.2 Swiss franc 0.9 0.9 0.4 0.4 0.4 0.4 0.4 0.4 U.S.dollars 29.9 26.2 29.9 29.6 28.1 28.8 30.0 29.0 7. DEBT RESTRUCTURINGS Total amount rescheduled 0 0 0 0 1 0 0 0 Debt stock rescheduled 0 0 0 0 0 0 0 0 Principal rescheduled 0 0 0 0 1 0 0 0 Official 0 0 0 0 1 0 0 0 Private 0 0 0 0 0 0 0 0 Interest rescheduled 0 0 0 0 0 0 0 0 Official 0 0 0 0 0 0 0 0 Private 0 0 0 0 0 0 0 0 Debt forgiven 24 66 0 0 0 0 0 0 Memo: interest forgiven 0 0 0 0 0 0 0 0 Debt stock reduction 0 0 0 0 0 0 0 0 of which debt buyback 0 0 0 0 0 0 0 0 8. DEBT STOCK-FLOW RECONCILIATION Total change in debt stocks 459 503 -495 297 596 334 -522 381 Net flows on debt 335 442 -330 -164 104 83 -213 133 Cross-currency valuation 148 23 -167 265 316 154 -285 172 9. AVERAGE TERMS OF NEW COMMITMENTS ALL CREDITORS Interest (%) 6.5 3.8 6.8 6.1 5.7 2.9 5.2 6.1 Maturity (years) 21.9 19.4 12.2 7.4 7.6 10.4 8.9 2.1 Grace period (years) 4.4 5.4 3.7 1.9 1.2 3.1 2.2 0.5 Grant element (%) 21.9 40.4 17.7 13.4 14.5 32.1 19.7 4.3 Official creditors Interest (%) 6.4 3.0 4.8 3.5 5.5 0.8 3.0 6.1 Maturity (years) 23.1 23.3 12.9 22.0 8.5 13.7 15.0 2.1 Grace period (years) 4.7 6.8 3.6 7.3 1.4 3.9 4.5 0.5 Grant element (%) 22.9 50.2 28.0 47.2 16.7 47.1 40.7 4.3 Private creditors Interest (%) 7.2 6.1 13.9 6.4 6.3 4.1 6.5 0.0 Maturity (years) 10.5 8.8 9.8 5.8 5.1 8.6 5.5 0.0 Grace period (years) 1.5 1.6 4.1 1.3 0.8 2.6 0.9 0.0 Grant element (%) 11.9 14.1 -19.5 9.5 8.8 24.0 8.2 0.0 10. CONTRACTUAL OBLIGATIONS ON OUTSTANDING LONG-TERM DEBT 2007 2008 2009 2010 2011 2012 2013 2014 TOTAL Principal 463 404 239 193 159 108 91 76 Interest 73 57 41 32 24 19 15 13 Official creditors Principal 428 372 220 187 158 107 89 74 Interest 67 54 40 31 24 18 15 13 Bilateral creditors Principal 222 197 80 75 63 57 48 40 Interest 24 21 15 14 12 11 10 9 Multilateral creditors Principal 206 174 141 111 95 50 42 34 Interest 44 33 24 18 12 7 6 4 Private creditors Principal 35 32 19 6 1 1 1 1 Interest 6 4 2 1 0 0 0 0 Notes: 431 T he world economy is undergoing a period of slowing imperative that policy makers in developing and high-income growth, unsettled nancial markets, and heightened countries alike take rm actions to alleviate the impact of in ationary pressures. Global growth is projected to fall this soaring food and energy prices on the poor while addressing year to 2.7 percent, from 3.7 percent in 2007, with much of the the longer-term challenges of nancial globalization and weakness originating in high-income countries.The growth economic interdependence. rate of developing countries is also expected to decline, from 7.8 Global Development Finance 2008, I: Review,Analysis, and Outlook percent in 2007 to 6.5 percent in 2008, but remain well above is the World Bank's annual review of recent trends in and the average of the 1980s, 1990s, and even the recent period prospects for nancial ows to developing countries. Global of 2000­05, indicating that improved underlying structural Development Finance 2008, II: Summary and CountryTables factors are in uencing overall economic performance. Such includes a comprehensive set of tables with statistical data for structural factors re ect the broader forces of globalization, the 134 countries that report debt under the World Bank Debtor internationalization of the banking industry, and the coming of Reporting System, as well as summary data for regions and age of the emerging-market asset class. Private capital ows to income groups. It contains data on total external debt stocks developing countries exceeded $1 trillion in 2007, marking ve and ows, aggregates, and key debt ratios, and provides a consecutive years of strong gains.Various indicators, however, detailed, country-by-country picture of debt. Debt data are also signal that the downturn in the global credit cycle will reverse available in an electronic format: GDF Online (a subscription the upward trend. database) and the GDF CD-ROM. Each of these databases Demand for international banking services in developing provides access to 217 time series indicators from 1970 to 2006 countries has evolved over time in response to their changing and country group estimates for 2007. position on the global economic and nancial stage. Attracted "Prospects for the Global Economy" is an online companion by the prospects of asset growth and risk diversi cation,foreign to Global Development Finance. It provides information on banks have been expanding their presence in developing the global economic outlook, detailed regional forecasts, and countries through both cross-border lending and local market additional features such as interactive graphs, analytical tools, investment.E orts by developing countries to reap the bene ts and access to underlying data. It is available in English, French, of foreign bank presence need to focus on bank soundness at and Spanish at www.worldbank.org/globaloutlook. entry through closer coordination with home-country regulators while building necessary safeguards against the risk of nancial The Little Book on External Debt is a publication that provides a quick contagion in the international banking system.At the same time, reference to key debt data in aggregate and for individual countries. as regulatory reforms in mature markets take e ect,it is vital that With analysis and data extending from short-term bank lending developing countries maintain their commitment to the sound to long-term bond issuance in both local and foreign currency, macroeconomic and nancial policies of the recent past while they Global Development Finance 2008 is unique in its breadth of factor in changes in the international nancial climate. coverage of the trends and issues of fundamental importance to Concurrent with the ongoing globalization of nancial markets, the nancing of the developing world, including coverage of the world is confronting rapid in ation in commodity prices. capital originating from developing countries themselves.The Indeed, no other issue captures the complexity of the current report is an indispensable resource for governments, economists, policy agenda facing the international community.Tackling investors, nancial consultants, academics, bankers, and the this challenge requires collective resolve and clear thinking. It is entire development community. THE WORLD BANK For more information on the analysis, please see 1818 H Street, NW www.worldbank.org/prospects; further details about Washington, DC 20433 USA the Summary and CountryTables can be found at Telephone: 202 477-1234 www.worldbank.org/data. For general and ordering Facsimile: 202 477-6391 information, please visit theWorld Bank's publicationsWeb Internet: www.worldbank.org site at www.worldbank.org/publications, or call 703-661- E-mail: feedback@worldbank.org 1580; within the United States, please call 1-800-645-7274. ISBN 978-0-8213-7390-3 SKU 17390