Chapter

Appendix III Statistical Tables

Author(s):
International Monetary Fund
Published Date:
January 1994
Share
  • ShareShare
Show Summary Details
Table A1Selected Lower Middle-Income Rescheduling Countries: Balance of Payments and Debt Indicators, 1986–921
1986198719881989199019911992
(In billions of U.S. dollars)
Exports52.256.260.863.870.663.364.8
Imports60.264.669.169.874.371.378.9
Trade balance–8.0–8.4–8.3–6.0–3.7–8.0–14.1
Net services (excluding scheduled interest)2.44.34.32.84.96.57.2
Scheduled interest payments12.815.116.718.019.419.615.5
Private transfers6.16.97.57.49.08.29.2
Official transfers2.31.42.53.05.64.33.5
Current account balance–10.0–10.9–10.7–10.8–3.6–8.6–9.7
Medium- and long-term borrowing–8.2–11.0–10.8–8.9–12.7–11.8–9.1
Disbursements9.310.19.79.910.19.68.8
Amortization–17.5–21.1–20.5–18.8–22.8–21.4–17.9
Other capital, net5.11.22.12.72.74.95.7
Overall balance–13.1–20.7–19.4–17.0–13.6–15.5–13.1
Reserve, net (– increase)–1.21.0–1.6–2.8–11.8–7.4–6.1
IMF, net–0.6–0.7–0.6–0.4–0.30.6
Exceptional financing14.319.721.019.825.422.919.2
Memorandum items
Noninterest current surplus20.52.83.54.210.26.72.3
Scheduled debt service331.337.638.437.943.441.934.8
Actual debt service17.017.917.418.118.019.015.6
Total external debt3206.6227.5236.4247.6256.4262.5259.9
Share in gross financing
Grants8.94.57.59.213.611.711.1
Disbursements35.932.429.230.324.626.127.9
Exceptional financing55.263.163.260.661.862.261.0
Terms of trade (1980 = 100)86.281.684.284.879.477.876.1
(In percent of exports of goods and services)
Total external debt3329.0334.9326.1326.4287.7324.1304.0
Gross financing41.245.945.843.146.145.436.8
Scheduled debt service349.855.453.049.948.751.740.0
Interest20.422.223.023.721.824.218.1
Amortization29.533.230.026.226.927.521.9
Actual debt service27.126.424.023.820.223.417.5
Source: IMF staff estimates.
Table A2Selected Lower Middle-Income Rescheduling Countries: Structure of External Financing, 1986 and 1992(In percent of exports of goads and services)
Noninterest

Current Account

(surplus –)
Total

Scheduled

Debt

Service1
Financing
TotalGrantsDisbursementsExceptionalOther2
Group 1: Improving situation1986
Costa Rica–13635082129–8
Dominican Republic–348452111913
Ecuador–7817423745–10
Egypt24739717431819
Jamaica–2177562182115
Morocco–191149538552
Philippines–33511821619–23
Poland–155439933–3
Average–11705942430–1
Group 2: Deteriorating situation
Bulgaria14152929
Cameroon14163031017
Congo56661228254148
Côte d’Ivoire–539342101111
Jordan1419332015–2
Nigeria3271103–2124548
Peru878864165313
Average1943625132123
Group 1: Improving situation1992
Costa Rica9192821412
Dominican Republic–424204745
Ecuador–116554314307
Egypt–222421314–25
Jamaica–9332431146
Morocco–1145342491
Philippines–226245159–5
Poland–10199239–5
Average–8322441361
Group 2: Deteriorating situation
Bulgaria–351483441
Cameroon18436163520
Congo2057772133527
Côte d’Ivoire116273523396
Jordan1442561061624
Nigeria–13695643814
Peru13587171749–2
Average955644113712
Source: IMF staff estimates.
Table A3Low-Income Rescheduling Countries: Balance of Payments and Debt Indicators, 1986–92
1986198719881989199019911992
(In billions of U.S. dollars)
Exports11.913.014.115.215.515.215.2
Imports15.116.517.917.918.718.519.9
Trade balance–3.2–3.5–3.7–2.7–3.2–3.3–4.7
Net services (excluding scheduled interest)–3.0–2.8–3.6–3.9–4.1–4.8–5.2
Scheduled interest payments–3.3–3.6–4.0–4.4–4.6–4.6–4.5
Private transfers1.01.31.41.20.91.01.2
Official transfers4.24.14.55,05.25.56.4
Current account balance–4.3–4.4–5.5–4.8–5.8–6.3–6.8
Medium-and long-term borrowing0.50.50.4–0.1–0.5–1.4–2.1
Disbursements5.45.45.65.65.45.45.1
Amortization–4.9–4.9–5.2–5.7–5.9–6.8–7.2
Other capital, net–0.7–1.4–0.7–1.4–0.20.61.6
Overall balance–4.5–5.3–5.8–6.3–6.6–7.1–7.3
Reserves, net (– increase)–0.5–0.1–0.3–0.2–0.1–0.7–1.0
IMF net–0.2–0.1–0.2–0.2–0.20.2
Exceptional financing5.15.46.06,56.77.78.3
Memorandum items
Noninterest current account deficit15.25.06.05.46.47.28.7
Scheduled debt service29.19.09.710.811.211.712.0
Actual debt service24.03.73.74.34.54.03.6
Total external debt269.082.588.189.8100.0102.4104.1
Share in gross financing
Grants28.627.528.129.330.129.532.2
Disbursements36.736.234.632.731.029.125.8
Exceptional financing34.736.337.338.038.841.442.0
Terms of trade (1980 = 100)105.398.595.493.891.590.588.5
(In percent of exports of goods and services)
Total external debt2479.4538.2533.9511.0536.0556.5555.1
Gross financing102.197.297.497.392.5101.1105.5
Scheduled debt service262.959.659.161.560.163.863.8
Interest22.923.324.125.024.725.024.0
Amortization40.036.335.036.535.438.839.8
Actual debt service227.524.322.724.524.121.919.5
Source: IMF staff estimates.
Table A4Low-Income Rescheduling Countries: Structure of External Financing, 1986(In percent of exports of goods and services)
Noninterest

Current Account

Deficit

(–: surplus)
Total

Scheduled

Debt

Service1
Financing
TotalGrantsDisbursementsExceptionalOther2
Angola143549425182
Benin15284391421–1
Bolivia17831001132489
Burkina Faso102351371034214–22
Central African Republic792210152515–7
Chad1641217612916229
Equatorial Guinea63511146923184
Ethiopia4331744368–37
Gambia, The254974398252
Guinea1636527291006
Guinea-Bissau332894212391002656
Guyana26811072266118
Honduras93544143211–13
Madagascar118192274840–23
Malawi663695920–10
Mali1214716869622215
Mauritania46459124291919
Mozambique236247483108143243–11
Nicaragua18932951838213292–25
Niger334982413115–5
Senegal293766173811
Sierra Leone689952013584
Somalia318161479261133116–31
Sudan33108141482277–6
Tanzania7670146653748–4
Togo2130512017311
Uganda–1563488581–19
Zaïre65157919209
Zambia995104213963–19
Average70741445448452
Total366399293835–3
Source: IMF staff estimates.
Table A5Selected Low-Income Rescheduling Countries: Structure of Debt-Service Payments, 1992

(In percent of exports of goods and services)1

Scheduled Debt Service
Nonrestructurable debtRestructurable debt2
Of whichOf which
TotalIMFOther

multilateral
Post-

cutoff
Other3TotalInterestPrincipalTotal
Country(1)(2)(3)(4)(5)(6)(7)(8)(9)
Angola63339112845
Benin65131102137
Bolivia30622122991958
Burkina Faso119252316
Central African Republic143623102825
Ethiopia228144483666
Guinea1224151751229
Guyana191133241152660
Honduras24121220101144
Madagascar254112957174082
Mali102623663046
Mauritania20213141951439
Mozambique25165131343599160
Nicaragua3812711032670256364
Niger133731661130
Senegal133622115624
Sierra Leone176417156932
Tanzania1419429102043
Togo7331145821
Uganda711427525392712110
Zaïre16572280334796
Zambia388123152662064
Source: IMF staff estimates.Note: Totals may not add due to rounding.
Table A6Status of Paris Club Rescheduling Countries as of June 30, 1993(Dates refer to end of current or last consolidation period)
Graduated CountriesRescheduling Agreements

in Effect
Rescheduling Agreements

Not in Effect
Low-income countries1
Gambia, The9/87*Benin12/95Angola9/90
Malawi5/89*Bolivia6/93Central African Republic12/90
*Burkina Faso12/95Chad12/90
*Ethiopia10/95*Equatorial Guinea12/92
*Guyana12/94*Guinea12/922
*Honduras7/95Guinea-Bissau12/90
*Mali8/95Liberia6/85
*Mauritania12/94Madagascar6/91
*Mozambique12/94*Nicaragua3/93
*Sierra Leone2/94Niger12/91
*Tanzania6/94Senegal6/92
*Togo6/94Somalia12/88
*Uganda11/93Sudan12/84
*Zambia3/95Zaїre6/90
Lower middle-income countries3
Dominican Republic3/93Egypt6/94Cameroon9/92
El Salvador9/91Jamaica9/95Congo5/92
Guatemala3/932Jordan2/94Côte d’Ivoire9/92
Morocco12/92Peru3/96Ecuador12/92
Poland3/94Nigeria3/92
Philippines3/93
Other middle-income countries
Chile12/88Argentina3/95Bulgaria4/93
Costa Rica6/932Brazil8/93Gabon12/92
Mexico5/92Russian Federation12/93
Panama3/92
Romania12/83
Trinidad and Tobago3/91
Turkey6/83
Yugoslavia6/89
Sources: Debt-rescheduling agreements; and IMF staff estimates.
Table A7Evolution of Paris Club Rescheduling Terms
StandardLower Middle-

Income Countries
Low-Income Countries
Toronto terms1,2Enhanced

concessions2,3
OptionOption
DRDSRLMDRDSRLM
ImplementedSept, 1990Oct. 1988–June 1991December 1991
Grace (in years)5–6Up to 888146164
Maturity (in years)1015141425232325
Repayment scheduleFlat/

graduated
FlatFlatFlatFlatGraduatedGraduatedFlat
Interest rate5MarketMarketMarketReduced6MarketMarketReduced7Market
Reduction in net present value (in percent)3320–3065050
Provision for stock operationNoNoNoNoNoYesYesYes
Memorandum items
ODA credits
Grace (in years)5–6Up to 101414141212164
Maturity (in years)1020252525303025
Sources: Debt-rescheduling agreements; and IMF staff estimates.
Table A8OECD Country Classification1
Least-Developed

Countries
Other Low-Income

Countries
Lower Middle-Income

Countries
Upper Middle-Income

Countries and Regions
*Afghanistan*AngolaAlgeriaAntigua and Barbuda
*Bangladesh*BoliviaAnguillaArgentina
*Benin**ChinaBelizeAruba
*Bhutan**Côte d’lvoireCameroonBahamas
Botswana**EgyptChileBahrain
*Burkina Faso**GhanaColombiaBarbados
*Burundi**GuyanaCongoBermuda
*Cape Verde**HondurasCook IslandsBrazil
*Central African Republic**IndiaCosta RicaCayman Islands
*ChadIndonesiaCubaCyprus
*Comoros*Kenya**DominicaGabon
*Djibouti*NicaraguaDominican RepublicGreece
*Equatorial Guinea**NigeriaEcuadorHong Kong
*Ethiopia**PakistanEl SalvadorIraq
*Gambia**PhilippinesFijiIsrael
*Guinea*SenegalGuatemalaKorea, Republic of
*Guinea-Bissau*Sri Lanka**GrenadaLebanon
*Haiti**Viet NamGuyanaMexico
*Kampuchea, Democratic**ZimbabweIran, Islamic Rep. ofMontserrat
*KiribatiJamaicaNetherlands Antilles
*LaosJordanNiue
*LesothoMalaysiaOman
*LiberiaMauritiusSeychelles
*MadagascarMoroccoSingapore
*MalawiNauruSt. Kitts and Nevis
*MaliPanamaSuriname
*MauritaniaPapua New GuineaTaiwan Province of China
*MozambiqueParaguayTrinidad and Tobago
*MyanmarPeruUruguay
*NepalSt. LuciaVirgin Islands
*NigerSt. Vincent and the

Grenadines
Yugoslavia, former

Socialist Federal

Republic of
*Rwanda
*Sao Tome and PrincipeSwaziland
*Sierra LeoneSyrian Arab Republic
*Solomon IslandsThailand
*SomaliaTokelau
*Sudan*Tonga
*TanzaniaTunisia
*TogoTurkey
TuvaluTurks and Caicos Islands
*Uganda
*Vanuatu
*Western Samoa
*Yemen
*Zaïre
*Zambia
Table A9Overview of Reschedulings of Official Bilateral Debt, 1976–June 1993
Debtor

Countries1
Date of

Agreement
Amount

Consolidated2
Consolidation

Period3
Terms4,5
GraceMaturity
(In months)(In years)
Angola I7/89446156.09.5
Argentina I1/852,040125.09.5
Argentina II5/871,260144.99.5
Argentina III12/892,450155.89.3
Argentina IV9/911,47696.29.7
Argentina V7/922,701331.113.6
Benin I6/8919313Toronto terms
Benin II12/9112919Enhanced concessions
Benin III6/932529Enhanced concessions
Bolivia I7/86449125.09.5
Bolivia II11/88226155.99.3
Bolivia III3/9030024Toronto terms
Bolivia IV1/926518Enhanced concessions
Brazil I11/832,337174.07.5
Brazil II1/874,178303.05.5
Brazil III7/884,992205.09.5
Brazil IV2/9210,500201.813.3
Bulgaria I4/91640126.510.0
Bulgaria II12/9225156.39.8
Burkina Faso I3/916315Toronto terms
Burkina Faso II5/933633Enhanced concessions
Cameroon I5/89535126.09.5
Cameroon II1/921,08098.214.5
Central African Republic I6/8172124.08.5
Central African Republic II7/8313125.09.5
Central African Republic III11/8514184.89.3
Central African Republic IV12/882818Toronto terms
Central African Republic V6/90412Toronto terms
Chad I10/8963815Toronto terms
Chile I7/85146182.86.3
Chile II4/87157212.66.1
Congo I7/86756203.79.1
Congo II9/901,052215.814.3
Costa Rica I1/83136183.88.3
Costa Rica II4/85166154.99.4
Costa Rica III5/89182144.99.4
Costa Rica IV7/9113995.09.5
Costa Rica V6/93582.06.5
Côte d’Ivoire I5/84230134.08.5
Côte d’Ivoire II6/85213124.08.5
Côte d’Ivoire III6/8637036418.6
Côte d’Ivoire IV12/87567165.89.3
Côte d’Ivoire V12/89934167.813.3
Côte d’Ivoire VI11/91806128.014.5
Dominican Republic I5/85290154.99.4
Dominican Republic II11/91850187.814.3
Ecuador I7/83142123.07.5
Ecuador II4/85450363.07.5
Ecuador III1/88438144.99.4
Ecuador IV10/89397145.99.4
Ecuador V1/92339128.015.0
Egypt I5/876,350184.79.2
Egypt II5/9127,86472.535.0
El Salvador I9/90135138.014.5
Equatorial Guinea I7/8538184.59.0
Equatorial Guinea II3/89610Toronto terms
Equatorial Guinea III4/9263212Enhanced concessions
Ethiopia I12/9244135Enhanced concessions
Gabon I6/7863
Gabon II1/87387153.99.4
Gabon III3/88326125.09.5
Gabon IV9/89545164.010.0
Gabon V10/91498155.010.0
Gambia, The I9/8617125.09.5
Guatemala I3/934408.014.5
Guinea I4/86196144.99.4
Guinea II4/8912312Toronto terms
Guinea III11/92203Enhanced concessions
Guinea-Bissau I10/8725189.719.2
Guinea-Bissau II10/892115Toronto terms
Guyana I5/89195149.919.4
Guyana II9/9012335Toronto terms
Guyana III5/933917Enhanced concessions
Honduras I9/90280188.114.6
Honduras II10/9218034Enhanced concessions
Jamaica I7/84105153.98.4
Jamaica II7/8562124.09.5
Jamaica III3/87124154.99.4
Jamaica IV10/88147184.79.2
Jamaica V4/90179184.89.3
Jamaica VI7/91127136.014.5
Jamaica VII1/93291365.013.5
Jordan I7/89587184.89.3
Jordan II2/92603187.714.3
Liberia I12/8035183.37.8
Liberia II12/8125184.18.6
Liberia III12/8317124.08.5
Liberia IV12/8417125.09.5
Madagascar I4/81140183.88.3
Madagascar II7/82107123.88.3
Madagascar III3/8489184.810.3
Madagascar IV5/85128154.910.4
Madagascar V10/86212244.69.1
Madagascar VI10/8825421Toronto terms
Madagascar VII7/9013913Toronto terms
Malawi I9/8225123.58.0
Malawi II10/8326123.58.0
Malawi III4/8827149.919.4
Mali I10/886316Toronto terms
Mali II11/894426Toronto terms
Mali III10/922035Enhanced concessions
Mauritania I4/8568153.88.3
Mauritania II5/8627124.08.5
Mauritania III6/8790144.914.4
Mauritania IV6/895212Toronto terms
Mauritania V1/9321824Enhanced concessions
Mexico I6/831,19963.05.5
Mexico II9/861,912184.08.5
Mexico III5/892,400366.19.6
Morocco I10/831,152163.87.3
Morocco II9/851,124183.88.3
Morocco III3/871,008164.79.2
Morocco IV10/88969184.79.2
Morocco V9/901,39077.914.4
Morocco VI2/921,303118.114.5
Mozambique I10/84283125.010.5
Mozambique II6/87361199.719.3
Mozambique III6/9071930Toronto terms
Mozambique IV3/9344024Enhanced concessions
Nicaragua I12/9135515Enhanced concessions
Niger I11/8336124.58.5
Niger II11/8426144.99.4
Niger III11/8538125.19.5
Niger IV11/8634125.09.5
Niger V4/88371310.019.5
Niger VI12/884812Toronto terms
Niger VII9/9011628Toronto terms
Nigeria I12/866,251154.99.4
Nigeria II3/895,600164.89.3
Nigeria III1/913,300157.914.3
Panama I9/8519162.87.3
Panama II11/90200174.89.3
Peru I11/78420122.06.5
Peru II7/83466123.07.5
Peru III6/84704154.98.4
Peru IV9/915,910157.914.5
Peru V5/931,527396.913.4
Philippines I12/84757184.89.3
Philippines II1/87862184.79.2
Philippines III5/891,850255.59.0
Philippines IV6/911,096147.914.4
Poland I4/812,11084.07.5
Poland II7/8510,930365.010.5
Poland III11/851,400125.09.5
Poland IV10/879,027124.59.0
Poland V2/9010,400158.313.8
Poland VI4/9129,87186.518.0
Romania I7/82234123.06.0
Romania II5/83736123.06.0
Russian Federation I4/9314,363125.09.5
Senegal I10/8175124.08.5
Senegal II11/8274124.38.8
Senegal III12/8372124.08.5
Senegal IV1/85122183.88.3
Senegal V11/8665164.89.3
Senegal VI11/8779126.015.5
Senegal VII1/8914314Toronto terms
Senegal VIII2/9010712Toronto terms
Senegal IX6/9111412Toronto terms
Sierra Leone I9/7739241.58.5
Sierra Leone II2/8037164.29.7
Sierra Leone III2/8425125.010.0
Sierra Leone IV11/8686164.89.2
Sierra Leone V11/9216416Enhanced concessions
Somalia I3/85127125.09.5
Somalia II7/87153249.519.0
Sudan I11/79487213.09.5
Sudan II3/82203184.59.5
Sudan III2/83518125.515.0
Sudan IV5/84249126.015.5
Tanzania I9/861,046125.09.5
Tanzania II12/883776Toronto terms
Tanzania III3/9019912Toronto terms
Tanzania IV1/9269130Enhanced concessions
Togo I6/79260212.88.3
Togo II2/81232244.08.5
Togo III4/83300125.09.5
Togo IV6/8475164.89.3
Togo V6/8527125.010.5
Togo VI3/88139157.915.3
Togo VII6/897614Toronto terms
Togo VIII7/908824Toronto terms
Togo IX6/925224Enhanced concessions
Trinidad and Tobago I1/89209144.99.4
Trinidad and Tobago II4/90110135.09.5
Turkey I5/781,300132.06.5
Turkey II7/791,200123.07.5
Turkey III7/803,000364.59.0
Uganda I11/8130124.59.0
Uganda II12/8219126.58.0
Uganda III6/87170126.014.5
Uganda IV1/898918Toronto terms
Uganda V6/923917Enhanced concessions
Yugoslavia95/84500124.06.5
Yugoslavia II95/85812173.88.3
Yugoslavia III95/86901233.99.4
Yugoslavia IV97/881,291155.99.4
Zaïre I6/76270181.07.5
Zaïre II7/77170123.08.5
Zaïre HI12/774063.09.0
Zaïre IV12/791,040183.59.0
Zaïre V7/81500124,09.5
Zaïre VI12/831,497125.010.5
Zaïre VII9/85408154.99.4
Zaïre VIII5/86429124.09.5
Zaïre IX5/87671136.014.5
Zaïre X6/891,53013Toronto terms
Zambia I5/83375125.09.5
Zambia II7/84253125.09.5
Zambia III3/86371125.09.5
Zambia IV7/9096318Toronto terms
Zambia V7/9291733Enhanced concessions
Sources: Debt-rescheduling agreements; and IMF staff estimates.
Table A10Reschedulings of Official Bilateral Debt, 1991–June 19931
Debtor

Countries2
Date of

Agreement
Amount

Consolidated3
Consolidation

Period
Terms4,5
GraceMaturity
(In months)(In years)
1991
Nigeria IIIJanuary 183,300157.914.3
Burkina Faso IMarch 156315Toronto terms
Bulgaria IApril 17640126.510.0
Poland VIApril 2129,87166.518.0
Egypt IIMay 2527,86464.532.5
Philippines IVJune 201,096147.914.4
Senegal IXJune 2111412Toronto terms
Costa Rica IVJuly 1613995.09.5
Jamaica VIJuly 19127136.014.5
Peru IVSeptember 175,910157.914.5
Argentina IVSeptember 191,47696.29.7
Gabon VOctober 24498155.010.0
Côte d’Ivoire VINovember 20806128.014.5
Dominican Republic IINovember 22850187.814.3
Nicaragua IDecember 1735515Enhanced concessions
Benin IIDecember 1812919Enhanced concessions
1992
Ecuador VJanuary 20339128.015.0
Tanzania IVJanuary 2169130Enhanced concessions
Cameroon IIJanuary 231,08098.214.6
Bolivia IVJanuary 246518Enhanced concessions
Brazil IVFebruary 2610,500201.813.3
Morocco VIFebruary 271,303118.114.5
Jordan IIFebruary 28603187.714.3
Equatorial Guinea IIIApril 23212Enhanced concessions
Uganda VJune 173917Enhanced concessions
Togo IXJune 195224Enhanced concessions
Argentina VJuly 222,701331.113.6
Zambia VJuly 2391733Enhanced concessions
Honduras IIOctober 2618034Enhanced concessions
Mali IIIOctober 292035Enhanced concessions
Guinea IIINovember 18203Enhanced concessions
Sierra Leone VNovember 2016416Enhanced concessions
Bulgaria IIDecember 1425156.39.8
Ethiopia IDecember 1644135Enhanced concessions
1993
Jamaica VIIJanuary 25291365.013.5
Mauritania VJanuary 2621824Enhanced concessions
Mozambique IVMarch 2344024Enhanced concessions
Guatemala IMarch 254408.014.5
Russian Federation IApril 214,363125.09.5
Peru VMay 41,527396.913.4
Guyana IIIMay 63917Enhanced concessions
Burkina Faso IIMay 73633Enhanced concessions
Benin IIIJune 212529Enhanced concessions
Costa Rica VJune 22582.06.5
Sources: Debt-rescheduling agreements; and IMF staff estimates.
Table A11Selected Debt-Restructuring Agreements Involving Official Bilateral Creditors Not Participating in the Paris Club, 1987–931
Amount
CreditorsDebtorsDate of AgreementTotalOf which: ArrearsCoverageTermsOther
(In millions of U.S. dollars)
Latin American and Caribbean
1.ArgentinaBolivia9/87689226D, including ARepayment over 25 years with 15 years’ grace at fixed 8 percent interest.Agreement inoperative following accumulation of arrears on current payments by Argentina.
8/8981383D, including A; LAIA clearing account (net)Cancellation of credits against $314 million of debts (including arrears) owed to Bolivia.
2.BrazilAngola1990A as of 12/89 on NPRDRepayment over 8 years, with 1 year’s grace.Additional financing of $20 million short term, $60 million medium-term trade, and $100 million project.
Bolivia2/90395128(a)P + I in 1990–96(a) Options: (1) reschuled as under Paris Club rescheduling; (2) 50 percent covered by grant, remaining on original schedule; (3) buy-back using Brazilian commercial debt at variable discount.Option (3) was chosen.
(b) A as of 12/89(b) Buy-back using Brazilian commercial debt at full discount.
Costa Rica6/882626D, including ATwo tranches: (1) repayment over 7 years, with 3 years’ grace; (2) repayment over 9 years, with 5 years’ grace. Interest at LIBOR + 1.25 percent.
Dominican Republic199311D, including ABuy-back at a 68 percent discount.
Guyana10/8924Dt, including AtMedium- and long-term (short-term) debt to be repaid over 18 (10) years, with 5.5 years’ grace at LIBOR-r- percent.Agreement included an option to repay debt with Brazilian debt instruments purchased in secondary markets (discounts shared).
Jordan4/9342D, including AAgreement that Jordan should purchase Brazilian debt to commercial banks in the secondary market at a discount and exchange it for Jordan’s debt to Brazil at par.Purchases of Brazilian debt not yet made.
Mozambique1992325ARepayment over 15 years with rising schedule of payments. Interest of LIBOR + 1 percent. Option to purchase Brazilian debt to commercial banks in the secondary market at a discount and exchange at par.Figure is Mozambique’s total debt to Brazil. Not known whether all of this or just arrears was rescheduled.
Paraguay4/89490D, including AOptions: (1) repayment over 20 years, with 8 years’ grace and spread over LIBOR; (2) buy-back using Brazilian commercial debt at variable discount.Buy-back option was chosen in 1990.
3.VenezuelaCosta Rica2/9170D, including ARepayment over 14 years on a graduated schedule, with 1 year’s grace, at LIBOR.
6/9135Credits disbursed in 1990 for buying back bank debt of Costa Rica.Repayment over 2 years, with 1 year’s grace.
Dominican Republic1987109Short-term obligations of the Central Bank of the Dominican Republic.Repayment over 6 years.
3/887645Certain debts owed to Venezuelan Investment Fund (VIF), Central Government and Central Bank.
3/8994Certain debts owed to VIF.Repayment over 7 years, with 4 years’ grace.
8/90234Amounts rescheduled in 1987 (including A, $142 million) and ALADI ($92 million).Options: (1) debt conversions; (2) certain amounts payable over 1 year, but most over 10 years, with 3 years’ grace.
1992265Debt rescheduled in 1990 and arrears on this debt.Buy-back at a 68 percent discount.
Guyana19911414ARescheduling of arrears to VIF with 10-year maturities 2 years’ grace and an interest rate of 6 percent.
Honduras19914236A, P + I through end-1992$30 million rescheduled to be paid over 10-year period; rest refinanced through oil financing arrangement.
Jamaica1987109A, 1987–89 P + I
12/89102P, including ARefinancing over 7 years with new disbursements under oil financing arrangement.
Nicaragua1991300D, including A (95 percent of total debt)40-year bullet with principal guarantee (zero coupon bond); interest payments to begin after 7 years and to depend on export performance.Zero coupon bonds to be paid for from the reactivation of oil financing arrangement.
4.MexicoCosta Rica6/8815383D, including ARepayment over 14 years on a graduated schedule, with 4 years’ grace, at LIBOR.Semi-annual interest and principal may be paid with Mexican debt purchased in secondary markets (discounts shared).
6/91351990 loan used for buying back bank debt of Costa RicaRepayment over 2 years, with 1 year’s grace.
Cuba2/90350D, including ADebts repaid with purchase of Cuban products; also, converted into equity in joint ventures in tourism, industry, and agriculture.
Dominican Republic12/91163D, including ABuy-back at 32.5 percent of face value, which is close to price of Dominican Republic’s commercial bank debt.
El Salvador199048D, including ABuy-back using commercial debt of Mexico purchased in secondary markets (shared discounts).
Honduras6/904235D, including ARepayment over 6 years with 2 years’ grace, except for $3 million that was to be paid within 6 months.
1/91All D, including A28.5 year bullet with principal guarantee (zero coupon bond); interest rate would be 6.5 percent or 3 month LIBOR + percent, whichever is lower in first 5 years, and LIBOR + percent thereafter.Following agreement Mexico is to open line of credit for $50 million.
1/9255
Nicaragua19911,084D, including A (95 percent of total debt)40-year bullet with principal guarantee (zero coupon bond); interest payments to begin after 7 years and to depend on export performance.Zero coupon bonds to be paid for from the reactivation of oil financing arrangement.
5.Trinidad and TobagoGuyana1989402D, including A at end of 1989, 1989–91 P + IRepayment over 20 years with 10 (1.5) years’ grace in the case of principal (interest). Late interest canceled.
6.Barbados and Other Caribbean Trade Facility MembersGuyana1990146146A at end of 1989Repayment over with 10 (0.5) years’ grace in the case of principal (interest). Interest on interest arrears were waived.
Arab countries
1.Arab African BankEgypt1990279D, including ACanceled
2.GODEEgypt19902,592D, including ACanceled
3.IraqViet Nam5/90317D, including ARepayment over 10 years, with 4 years’ grace, at 5 percent interest.
4.LibyaUganda2/891414ARepayment in 5 years, with 2 years’ grace.
Viet Nam6/9040ARepayment over 7 years, at 2½ percent interest.
5.KuwaitEgypt19901,895D, including ACanceled
6.QatarEgypt199093D, including ACanceled
7.Saudi ArabiaUganda11/881313ARepayment in 10 years, with 2 years’ grace.
Countries affected by Gulf crisis Of which:19905,7002D, including ACanceled
Egypt

Morocco
1,138

2,753


D, including A

D, including A
Canceled

Canceled
Low-income African countries319913072D, including ACanceled all official credits.
Burkina Faso9/912D, including ARescheduled over 5½ years with 1 year’s grace.
Mauritania3/932626ARescheduled over 6 years with lower payments for the first 2 years and with zero interest.
8.United Arab EmiratesEgypt1990304D, including ACanceled
Eastern Europe and former Soviet Union
1.German Democratic Republic, formerNicaragua1988800
Peru3/8720Payments to begin in 1988 ($3 million).To be paid with exports.
2.U.S.S.R., formerAngola12/871,000A, P + I to 12/90Repayment over 8.5 years, with 3.5 years’ grace, at 3 percent interest.
7/891,205786A at end of 1989, P + I through end of 1990Repayment over 10 years, with 7 years’ grace, at 3 percent interest. Late interest canceled at 5 percent interest.Remaining debt ($19 million) to be negotiated.
Nicaragua1988300–400D, including ATo be paid in full in 1991.
Nigeria12/90870870A, 1989–90 P + IRepayment over 6 years, with ½ year’s grace.
Peru1988Rub

570
D, including ARepayment over more than 10 years, at 3 percent interest; payments to rise gradually from Rub 30 million/year in 1988–91 to Rub 70 million after 1991.
3.Russian FederationJordan1992614D, including ABuy-backPayment in cash in 1992 and in exports in 1993.
Tanzania1/93635D, including APayment of $22 million in debt service in 1993.No agreements on treatment of stock of debt, or debt service beyond 1993.
Other countries
1.AlgeriaViet Nam8/90216D, including ARepayment over 10–15 years, at 2 percent interest.
Burkina Faso3/928D, including ARepayment over 12 years, with 4 years’ grace and zero interest.
2.KoreaUganda5/91
3.ChinaGuinea19915555ARescheduling on concessional terms.
Guyana6/9218DPostponement of repayment for 5 years.Interest free loan.
4.Côte d’IvoireBurkina Faso12/91100D, including ARepayment on 15 years with 2 years’ grace and zero interest.
5.IndiaViet Nam1/898D, including ARepayment over 9 years, with 2 years’ grace, at 6.5 percent interest.
Source: Information provided by debtors.
Table A12Official Bilateral Debt Cancellations, 1985–911(In millions of U.S. dollars)
Debtor country1985198619871988198919901991Total

1985–91
Bangladesh5028260338
Belize99
Benin2,3*2297814123
Bolivia2,3*17541074011,263
Botswana55
Burkina Faso2,31018951205
Burundi1063109
Cameroon961832119
Central African Republic2*14133138
Chad267774
China102102
Colombia22
Comoros26*1440
Congo18523
Costa Rica*11
Côte d’Ivoire32528
Cyprus*
Djibouti2527
Dominica22
Dominican Republic*
Ecuador11
Egypt**2,70510,31913,024
El Salvador*
Equatorial Guinea2,31818
Ethiopia326769
Ghana83*1750102104357
Guatemala*
Guinea2,35*292211310
Guinea-Bissau2*2*14
Guyana2,3231177210
Haiti123167182
Honduras3442442
Iran, Islamic Rep. of2727
Jamaica*217217
Jordan101525
Kenya144794616341635
Lao, People’s Democratic Rep. of102939
Lesotho3*3
Liberia*
Madagascar2118*3052403557
Malawi51253
Maldives*
Mali2,32962138
Mauritania2,3336966167
Mauritius33
Morocco12,7422,743
Mozambique2,321155266
Myanmar6*7278
Nicaragua3272272
Niger2811254*26299
Nigeria32*1446
Pakistan*17210
Panama4**5
Papua New Guinea4040
Paraguay107107
Peru*
Philippines*3535
Poland5781579
Rwanda4646
Senegal22860181411,021
Sierra Leone3415
Somalia410721
Sri Lanka*
St. Lucia*
St. Vincent and the Grenadines11
Sudan45426580
Swaziland11
Tanzania2,3115411
Thailand22
Togo2,3974154182195
Trinidad and Tobago77
Tunisia14371328
Uganda2,371341221*84
Yemen33
Zaïre2424233241377520
Zambia2,3*3518811987429
Zimbabwe24732
Total2351255135126,82612,7025,05425,967
Sources: World Bank Debtor Reporting System; and IMF staff estimates.
Table A13Official Bilateral Financial Flows from DAC Countries by Income Group of Countries, Gross Disbursements, 1986–911(In millions of U.S. dollars)
198619871988198919901991
Least-developed countries6,2707,3968,4317,8858,5068,582
Grants24,8515,3496,1675,9576,7697,383
Official development assistance (ODA) loans31,0501,3701,5061,1281,175715
Other official credits and loans3,4369677757801562484
Official export credits5392082283967
Others6330656675773523417
Memorandum item
Other official flows7262364378259269300
Other low-income countries16,61119,11022,34125,22226,59530,555
Grants25,1455,3206,1476,80510,68111,652
ODA loans34,2534,5786,0166,0096,07811,695
Other official credits and loans3,47,2139,21210,17912,4079,8367,208
Official export credits58117026241,0811,3521,710
Others66,4028,5109,55411,3268,4845,499
Memorandum item
Other official flows72,0773,6476,8454,3045,3554,851
Lower middle-income countries6,9847,3918,1129,35310,76811,350
Grants22,1252,4662,6552,7943,4064,108
ODA loans31,5491,9672,0482,1203,0783,498
Other official credits and loans3,43,3102,9593,4094,4384,2843,744
Official export credits5653623632731748796
Others62,6572,3362,7773,7083,5352,948
Memorandum item
Other official flows71,9281,2251,5621,6621,9472,519
Upper middle-income countries14,25617,81914,56122,59422,82321,614
Grants23,1372,7572,8312,7853,3784,023
ODA loans39381,2457819841,5362,103
Other official credits and loans3,410,18213,81610,94818,82417,90915,489
Official export credits51,6201,4531,0781,6642,7552,848
Others68,56212,3649,87017,16115,15412,641
Memorandum item
Other official flows73,4725,9933,4254,5647,3336,108
Total (including unallocated)50,97360,39963,80474,25578,53585,202
(Percent change over previous year)1961669
ODA27,84931,47834,86335,86143,80854,065
(Percent change over previous year)131132223
Grants219,85221,95824,38125,48031,78935,933
Loans37,9979,52010,48210,38112,01918,132
Other official credits and loans3,423,12428,92128,94138,39434,72831,137
Official export credits53,1252,8312,4703,6225,1065,551
Others619,99926,09026,47134,77229,62225,586
Memorandum item
Other official flows78,31511,79912,71911,23815,58114,855
Total flows to low-income countries22,88126,50630,77233,10735,10139,137
Total flows to middle-income countries21,24025,21022,67331,94733,59132,964
Sources: OECD, Geographical Distribution of Financial Flows to Developing Countries; and data provided by the OECD.Note: DAC denotes the Development Assistance Committee of the OECD.
Table A14Lending Terms of Major Multilateral Financial Institutions
InstitutionsInterest

Rate
Commitment

Fee
Grace PeriodMaturity
(In percent)(In years)(In years)
African Development BankVariable1.00520
African Development Fund0.7511020
Asian Development BankVariable0.753–610–30
Asian Development Fund1–321035/40
Inter-American Development Bank
Ordinary capitalVariable0.75315/20/25
Fund for special operations1–40.505–1025–40
World Bank
International Bank for Reconstruction and DevelopmentVariable0.753–515/17/20
International Development Assistance0.7510.501035/40
Memorandum item
International Monetary Fund (type of arrangement)
Stand-byVariable15
EFF/STFVariable10
SAF/ESAF0.510
Sources: Annual Reports and information obtained directly from the AfDB, AsDB, IDB, and various IMF and World Bank documents.Note: EFF = extended Fund facility; STF = systemic transformation facility; SAF = structural adjustment facility; ESAF = enhanced structural adjustment facility. This table summarizes the principal terms of key lending programs of the major multilateral financial institutions. These terms are indicative. Actual terms are determined on the basis of principles stipulated in the charter of each institution, and can vary depending on the stage of development of the country and on the nature of the project. Lending terms of multilateral development banks apply both to project and program loans. Interest rates are variable and are based on the cost of funding plus a margin determined on the basis of a targeted net income. Concessional resources are generally provided through a special “soft window” to qualifying countries, and concessional interest rates reflect the impact of subsidies provided through internal and external funding mechanisms. Commitment fees apply to undisbursed amounts. Grace period and maturity are longer the lower the income level of a member country.
Table A15Official Bilateral Financial Flows from DAC Countries by Region, Gross Disbursements, 1986–91(In millions of U.S. dollars)
198619871988198919901991
Sub-Saharan Africa9,52411,32413,33314,20416,22313,984
Grants15,4455,9017,0827,12810,3069,469
Official development assistance (ODA) loans21,4992,0112,2172,1502,5881,934
Other official credits and loans2,32,5803,4114,0354,9273,3292,581
Official export credits4222153236489341454
Others52,3583,2583,7984,4382,9882,127
Memorandum item
Other official flows61,5242,4163,2042,2832,9622,552
North Africa and Middle East8,8169,25411,35712,25714,26821,827
Grants13,6543,1253,0973,1245,2905,910
ODA loans21,1171,2991,4021,1811,7117,704
Other official credits and loans2,34,0454,8216,8597,9527,2688,213
Official export credits43792813427471,0001,159
Others53,6654,5416,5177,2056,2687,055
Memorandum item
Other official flows68934993,1161,0951,3951,961
Asia13,50215,06115,30718,97919,64518,216
Grants13,7153,9754,5584,9014,9995,516
ODA loans23,8544,3385,5585,5375,8225,973
Other official credits and loans2,35,9336,7495,1908,5418,8256,727
Official export credits49448285747841,3261,546
Others54,9905,9214,6167,7587,4995,182
Memorandum item
Other official flows61,4621,2522,2482,8623,9353,806
Western Hemisphere8,85211,2789,11613,00913,57215,053
Grants11,9302,3402,4532,5122,8604,675
ODA loans29399576841,0179991,669
Other official credits and loans2,35,9827,9815,9799,4809,7138,709
Official export credits41,3171,1499441,3321,5051,716
Others54,6656,8325,0358,1488,2086,993
Memorandum item
Other official flows63,3335,0402,7844,1045,6815,121
Other72,2882,7523,2373,3562,9812,887
Grants14994915796527461,153
ODA loans2355479476357746732
Other official credits and loans2,31,4341,7812,1822,3461,4891,001
Official export credits4228354320188165198
Others51,2061,4271,8622,1581,323803
Memorandum item
Other official flows66,2707,3968,4317,8858,5068,582
Total (including unallocated)50,97360,39963,80474,25578,53585,202
Grants119,85221,95824,38125,48031,78935,933
ODA loans27,9979,52010,48210,38112,01918,132
Other official credits and loans2,323,12428,92128,94138,39434,72831,137
Official export credits43,1252,8312,4703,6225,1065,551
Others519,99926,09026,47134,77229,62225,586
Memorandum item
Other official flows68,31511,79912,71911,23815,58114,855
Sources: OECD, Geographical Distribution of Financial Flows to Developing Countries, and data provided by the OECD.Note: DAC denotes Development Assistance Committee of the OECD.
Table A16Multilateral Debt by Institution, 1980-92
1980198519861987198819891990199119921
(In billions of U. S. dollars)
World Bank34.274.996.4122.4120.4124.0140.9149.9150.3
IBRD22.450.768.389.184.384.795.9100.397.5
IDA11.924.228.033.336.139.345.049.652.8
Regional development banks28.320.124.429.531.835.545.351.256.5
AfDB0.72.02.94.14.86.08.110.011.9
AsDB2.45.96.77.68.810.315.518.320.9
IDB5.212.114.817.818.119.221.722.923.7
European institutions32.14.66.18.38.19.511.813.614.2
Others4.59.010.712.613.113.312.111.910.7
IMF12.640.742.542.935.732.433.238.238.2
Total61.8149.2180.1215.7209.1214.8243.3264.9269.9
(In percent of total)
World Bank55.450.253.556.757.657.757.956.655.7
IBRD36.234.038.041.340.339.439.437.936.1
IDA19.216.215.615.417.318.318.518.719.6
Regional development banks213.513.413.613.715.216.618.619.320.9
AfDB1.21.41.61.92.32.83.33.84.4
ASDB3.94.03.73.54.24.86.46.97.8
IDB8.48.18.28.38.78.98.98.68.8
European institutions33.43.13.43.93.94.44.95.25.3
Others7.36.06.05.86.36.25.04.54.0
IMF20.427.323.619.917.115.113.614.414.2
Total100.0100.0100.0100.0100.0100.0100.0100.0100.0
Memorandum item
Share of IDA in World Bank lending34.832.329.027.230.031.731.933.135.1
Sources: World Bank Debtor Reporting System; and IMF staff estimates.Note: AfDB = African Development Bank; AsDB = Asian Development Bank; IBRD = International Bank for Reconstruction and Development; IDA = International Development Association; IDB = Inter-American Development Bank.
Table A17Net ODA Disbursements from DAC Countries, 1986–92
19861987198819891990199119921
(In billions of U.S. dollars)
Total net official development assistance (ODA)236.740.547.045.752.956.760.8
Bilateral ODA26.228.831.932.937.141.341.3
Contributions to multilateral institutions10.411.715.112.815.815.419.5
(In percent)
Share of donors’ GDP
Total ODA0.350.330.340.320.330.330.33
Bilateral ODA0.250.240.230.230.230.240.22
Contributions to multilateral institutions0.100.090.110.090.100.090.11
(In billions of U. S. dollars)
Memorandum items
Total ODA to developing countries339.143.847.548.652.657.458.3
DAC countries426.230.131.932.937.141.341.3
Multilateral institutions9.310.011.012.313.416.117.0
Other53.63.74.63.42.1
By income group6
Least-developed countries10.311.913.113.315.114.815.7
Other low-income countries10.911.514.014.317.219.721.0
Lower middle-income countries7.38.58.28.210.49.49.8
Upper middle-income countries3.63.23.03.24.24.94.5
Unallocated7.08.79.29.65.78.67.3
By region6
Sub-Saharan Africa710.512.114.014.717.117.117.7
North Africa and Middle East5.04.84.64.67.310.811.6
Asia89.710.612.612.813.614.114.6
Western Hemisphere3.74.34.33.95.36.06.2
Other910.212.012.012.69.39.48.2
Sources: OECD; and IMF staff estimates.Note: DAC denotes Development Assistance Committee of the OECD.
Table A18The World Bank; Adjustment and Project Lending Commitments, 1980–921(In millions of U.S. dollars)
ProjectAdjustmentTotalAdjustment

Loans as

Proportion

of Total
ProjectAdjustmentTotal
(In millions of U.S. dollars)(In percent)(Number of loans)
Africa23,542.011,262.234,804.232.49462231,169
1980–859,079.72,132.911,212.619.047142513
1986–909,946.86,424.416,371.239.2339131470
1991–924,515.52,704.97,220.437.513650186
East Asia and Pacific41,447.74,803.846,251.510.458226608
1980–8514,164.11,749.815,913.910.827210282
1986–9017,291.62,590.019,881.613.020612218
1991–929,992.0464.010,456.04.41044108
Europe and Central Asia17,581.86,585.022,166.729.724529274
1980–856,464.02,217.16,681.033.21239132
1986–906,150.52,337.98,488.427.5801292
1991–924,967.32,030.06,997.329.042850
Latin America and Caribbean42,623.116,192.358,815.429.054590635
1980–8517,746.12,215.919,962.011.127219291
1986–9017,080.210,741.327,821.538.618745232
1991–927,796.83,235.111,031.929.38626112
Middle East and North Africa12,777.93,789.416,567.322.930427331
1980–856,205.9450.46,656.36.81653168
1986–904,608.71,929.06,537.729.510811119
1991–921,963.31,410.03,373.341.8311344
South Asia40,630.93,958.144,589.08.946645511
1980–8517,183.7763.017,946.74.323113244
1986–9017,930.21,749.719,679.98.916517182
1991–925,517.01,445.46,962.420.9701585
Total178,603.446,590.8225,194.220.73,0884403,528
1980–8570,843.59,529.180,372.611.91,534961,630
1986–9073,008.025,772.398,780.326.11,0852281,313
1991–9234,751.911,289.446,041.324.5469116585
Sources: The World Bank; and IMF staff estimates.
Table A19Developing Country Debt to the IBRD and IDA, 1980–92(In millions of U. S. dollars; unless otherwise indicated)
Total Debt to IBRD and IDAShare of IDA in Total
19801987199019921980198719901992
(In billions of U.S. dollars)(In percent)
All developing countries34.2122.4140.9150.434.727.231.935.1
By region
Sub-Saharan Africa5.119.425.027.750.352.263.269.6
North Africa and the Middle East3.19.210.010.721.917.417.416.8
Asia14.148.358.865.356.642.544.346.0
Western Hemisphere8.231.635.635.05.22.43.14.2
Other3.713.911.211.76.52.22.82.8
By debt-servicing record
Nonrescheduling countries17.559.472.279.850.639.642.644.5
Rescheduling countries16.763.068.770.618.115.620.724.5
Middle-income13.252.153.853.47.33.33.23.4
Low-income3.510.914.917.258.973.783.890.1
Memorandum item
Selected ESAF countries12.06.99.811.375.486.692.995.2
Sources: World Bank Debtor Reporting System; and IMF staff estimates.Note: IBRD denotes International Bank for Reconstruction and Development; IDA denotes International Development Association; ESAF denotes enhanced structural adjustment facility.
Table A20Low-Income Rescheduling Countries: Debt and Debt-Service Indicators, 1980–91
External

Total Public Debt1
Share in Total Public DebtDebt-Service Ratios2
MultilateralTotal concessionalTotal debt3MultilateralIMF
198019871991198019871991198019871991198719911987199119871991
Benin3349321,22131394950508366251
Bolivia2,1824,6213,5232024493130493126171675
Burkina Faso2817448715059747979859105101
Central African Republic1465428023647644073861162442
Chad20426754737527157748933231
Equatorial Guinea52173210522336051622252342
Ethiopia6692,5423,30151344185798631234841
Gambia, The97266321426072707984211284103
Guinea1,0041,8842,40113243466717724164431
Guinea-Bissau1284025742242496865772391991
Guyana5989551,55418383439485992131313
Honduras9742,7002,86647505635404129201351
Liberia5151,1171,12725383942525221
Madagascar8923,1503,381202841544563462868138
Malawi6251,1611,5273570794473843531910147
Mali6691,9062,39226334092969719633103
Mauritania7181,8451,912182832717282241410933
Mozambique3,6844,039714606910545
Nicaragua1,6616,3498,70325141128353511121431094
Niger3831,2441,2783738564154652485374
Senegal1,1053,3292,83824355037586829196774
Sierra Leone323544642193029445662762125
Somalia5951,7431,92927353992808133527
Sudan3,8228,0439,221171520464750116562
Tanzania1,9154,5265,7862831347261672422181745
Togo8991,0521,1431341532847681564342
Uganda5421,5772,32516536235557238678192321
Zaïre4,2617,2059,1518172321293529844163
Zambia2,1414,4574,954192831394053185373819
Sources: World Bank Debtor Reporting System; and IMF staff estimates.
Table A21Low-Income Rescheduling Countries: Disbursements from Multilateral Institutions, 1986–91(In millions of U.S. dollars)
Total1IBRDOther NonconcessionalIDAOther ConcessionalIMF
1986–881989–911986–881989–911986–881989–911986–881989–911986–881989–911986–881989–91
Angola27542030725
Benin136254171771145487221
Bolivia8817985358358157175135145226120
Burkina Faso1782033427748270859
Central African Republic173213164871164185298
Chad8721921601291769820
Equatorial Guinea37272121129658
Ethiopia354405135420020210014941
Guinea2653922824123198721364134
Guinea-Bissau689134751173723
Guyana59356135366941785142
Honduras2603931101149111448588532
Liberia625201819
Madagascar573481552026824214415110668
Mali30228871150160116932934
Mauritania277198203558365881075222
Mozambique201342263411618118584170
Nicaragua69164472254226523
Niger33017111318911372355820
Senegal76748313324729521323870189153
Sierra Leone591112241123
Somalia194112211790352240
Sudan449465523252282193160
Tanzania51670515211831143243124126131
Togo19319515311911820303944
Uganda47974941182514465572132213
Zaïre1,01586918862162364252939446262208
Zambia477438501019312121782128122
Total countries8,4889,0772372001,2531,1893,5714,1571,8552,1491,5711,382
Sources: World Bank Debtor Reporting System; and IMF staff estimates.Note: IBRD denotes International Bank for Reconstruction and Development; IDA denotes International Development Association.
Table A22Low-Income Rescheduling Countries: Structure of Multilateral Debt, 1984–921(In millions of U.S. dollars; and percent of total)
Stock of

Multilateral Debt2
Shares in Total Multilateral Debt
Regional development banksIMF
Total

concessional
IBRDIDANon-

concessional
ConcessionalOtherOf which:

SAF/ESAF
19841992198419921984199219841992198419921984199219841992198419921992
Angola1812814374148309917
Benin190661889453597113192721
Bolivia7502,11245602371223402127151081211
Burkina Faso222679928956541410153327
Central African Republic11353173954356122330111121
Chad8743094994660263023105
Equatorial Guinea178522922483164171415501515
Ethiopia5771,609819281666037722481311
Guinea2251,2226693214054753152420566
Guinea-Bissau742878696365712419252812522
Guyana29968848681878192813182118242415
Honduras9891,7514340282881036102915171461
Liberia4366312326192214169816944844
Madagascar5311,55468935147571441815122876
Mali4091,0938397475622122124151664
Mauritania33865557911551635326145235999
Mozambique4787284884881510092020
Nicaragua6779525153201191934335363012
Niger273792689544618161225171687
Senegal6921,7965289113294953192520291514
Sierra Leone17328549755127384613151943296
Somalia437783758334521413381523192
Sudan1,4812,47453653324611924104034
Tanzania9232,3897392227566831410124399
Togo2817036894744665288191318119
Uganda6491,89138945127635317127491818
Zaïre1,0532,5623767432947318169855188
Zambia1,1852,45311432412326281511145934
Total countries13.1531.8752761252945107315191327156
Total (in millions of U.S. dollars)13,14831,8686,88724,2111,6041,6223,76614,3721,3022,1343964,8222,5414,2393,5404,6781,981
Sources: World Bank Debtor Reporting System; and IMF staff estimates.Note: IBRD denotes International Bank for Reconstruction and Development; IDA denotes International Development Association; ESAF denotes enhanced structural adjustment facility; SAF denotes structural adjustment facility.
Table A23Selected Low-Income Countries That Avoided Debt Reschedulings: Disbursements from Multilateral Institutions, 1986–91(In millions of U.S. dollars)
Total1IBRDOther

Nonconcessional
IDAOther

Concessional
IMF
1986–881989–911986–881989–911986–881989–911986–881989–911986–881989–911986–881989–91
Bangladesh2,3082,35160369871,036622961639318
Burundi27521122513213394572717
Gambia, The1028342333237292719
Ghana1,1281,137791065675697961403401
Kenya6921,209116217311823963988143176288
Lesotho741089822313956413
Malawi30841123715619227653532569
Nepal3874822202291322443610
Pakistan1,8054,2256631,179328960397453417723910
Sri Lanka6231,0361481225366171439213223
Zimbabwe1992768113958812233854
Total countries7,90111,5298961,3546491,3213,0353,7651,7712,8211,5502,268
Sources: World Bank Debtor Reporting System; and IMF staff estimates.Note: IBRD denotes International Bank for Reconstruction and Development; IDA denotes International Development Association.
Table A24Selected Low-Income Countries That Avoided Debt Reschedulings: Structure of Multilateral Debt, 1984–921(In millions of U.S. dollars; and percent of total)
Stock of

Multilateral

Debt2
Shares in Total Multilateral Debt
IMF
Total

concessional
IBRDIDARegional organizations3OtherOf which:

SAF/ESAF
198419921984199219841992198419921984199219841992198419921992
Bangladesh2,6368,35686992164541432741499
Burundi193836889561572322161488
Gambia, The98281629531451932239271414
Ghana8652,9603485123225541086542520
Kenya1,4593,01033714022254721178261311
Lesotho1033709391152343039191877
Malawi5371,374649111551671113682176
Nepal3701,595981005448374485133
Pakistan3,73010,0164956924342518386333115
Sri Lanka8812,7685797623540173567371716
Zimbabwe4231,20493030375111941561186
Total11,29433,80357761211404314287528129
Total (in millions of U.S. dollars)11,29433,8036,44825,8411,3093,8214,49414,6601,5429,6067831,7463,1663,9702,946
Sources: World Bank Debtor Reporting System; and IMF staff estimates.Note: IBRD denotes International Bank for Reconstruction and Development; IDA denotes International Development Association; ESAF denotes enhanced structural adjustment facility; SAF denotes structural adjustment facility.
Table A25Lower Middle-Income Rescheduling Countries: Structure of Multilateral Debt, 1984–92(In millions of U.S. dollars; and percent of total)
Stock of

Multilateral

Debt1
Shares in Total Multilateral Debt
Total

concessional
IBRDIDARegional

development

banks
Other2IMF
198419921984199219841992198419921984199219841992
Cameroon5641,4475525375039166191815
Congo258519363314312414172345311
Côte d’Ivoire1,5633,1297949604222106389
Dominican Republic6661,00046431826324359323312
Ecuador8912,3742622233341445626274
Egypt3,5143,597693821382125214551616
El Salvador6248334858152243556591017
Guatemala7019063537212346641110212
Jamaica1,1851,489131328401128885324
Jordan3011,10654262851287443210
Morocco2,3415,7031393760212191713428
Nigeria9554,4831179471422225
Peru1,7252,33211729413025273927
Philippines3,5968,064182152522225322114
Poland871,799411001346
Total countries2918364975122022152311
Total (in millions of U.S. dollars)18,97138,7835,5677,0486,85519,1891,3521,7482,2157,7264,1445,9424,4054,178
Memorandum items
Argentina2,6607,427411934353554131
Brazil9,80710,881214167152511437
Bulgaria5901,146131003551
Chile1,6965,113621338140484614
Costa Rica7381,23728182630138511412217
Gabon654382761619846318
Mexico6,75321,5493425623173528
Panama893762192028384146123014
Romania2,3541,538176014194067
Trinidad and Tobago51551433706333271051
Turkey4,9519,2561117486042203829
Yugoslavia3,7222,6153477612452
Sources: World Bank Debtor Reporting System; and IMF staff estimates. Note: DAC denotes Development Assistance Committee of the OECD.

World Economic and Financial Surveys

This series (ISSN 0258-7440) contains biannual, annual, and periodic studies covering monetary and financial issues of importance to the global economy. The core elements of the series are the World Economic Outlook report, usually published in May and October, and the annual report on international Capital Markets. Other studies assess international trade policy, private market and official financing for developing countries, exchange and payments systems, export credit policies, and issues raised in the World Economic Outlook.

World Economic Outlook: A Survey by the Staff of the International Monetary Fund

The World Economic Outlook, published twice a year in English, French, Spanish, and Arabic, presents IMF staff economists’ analyses of global economic developments during the near and medium term. Chapters give an overview of the world economy; consider issues affecting industrial countries, developing countries, and economies in transition to the market; and address topics of pressing current interest. Annexes, boxes, charts, and an extensive statistical appendix augment the text.

ISSN 0256-6877.

$34.00 (academic rate: $23.00; paper).

1994 (May). ISBN 1-55775-381-4. Stock #WEO-194.

1994 (Oct.). ISBN 1-55775-385-7. Stock #WEO-294.

1993 (May). ISBN 1-55775-286-9. Stock #WEO-193.

1993 (Oct.). ISBN 1-55775-340-7. Stock #WEO-Z93.

International Capital Markets: Developments, Prospects, and Key Policy Issues

This annual report (in 1993, in two parts) reviews developments in international capital markets, including market integration, globalization of investor and borrower behavior, the growing imbalance between resources of private market participants and central banks, the resolution of banking crises, and the challenge posed by the growth in derivative markets.

$20.00 (academic rate: $12.00; paper).

1993. Part 1: Exchange Rule Mangement and International Capital Flows, by Morris Goldstein, David Folkerts-Landau, Peter Garber, Liliana Rojas-Suarez, and Michael Spencer.

ISBN 1-55775-290-7. Stock #WEO-693.

1993. Part II; Systemic Issues in International Finance, by an IMF Staff Team led by Morris Goldstein and David Folkerts-Landau.

ISBN 1-55775-335-0. Stock #WEO-1293.

Staff Studies for the World Economic Outlook

by the IMF’s Research Department

These studies, supporting analyses and scenarios of the World Economic Outlook, provide a detailed examination of theory and evidence on major issues currently affecting the global economy.

$20.00 (academic rate: $12.00; paper).

1993. ISBN 1-55775-337-7. Stock #WEO-393.

1990. ISBN 1-55775-168-4. Stock #WEO-390.

Developments in International Exchange and Payments Systems

by a Staff Team from the IMF’s Exchange and Trade Relations Department

The global trend toward liberalization in countries’ international payments and transfer systems has been most dramatic in central and Eastern Europe. But developing countries in general have brought their exchange systems more in line with market principles and moved toward more flexible exchange rate arrangements, while industrial countries have moved toward more pegged arrangements. This study reviews developments in IMF members’ exchange and payments systems through March 1991.

$20.00 (academic rate; $12.00; paper).

1992. ISBN 1-55775-233-8. Stock #WEO-892.

Private Market Financing for Developing Countries

by a Staff Team from the IMF’s Policy Development and Review Department led by Charles Collyns

This study surveys recent trends in private market financing for developing countries, including flows to developing countries through banking and securities markets; the restoration of access to voluntary market financing for some developing countries; and the status of commercial bank debt in low-income countries.

$20.00 (academic rate; $12.00; paper).

1993. ISBN 1-55775-361-X. Stock #WEO-993.

1992. ISBN 1-55775-318-0. Stock #WEO-992.

Issues and Developments in International Trade Policy

by an IMF Staff Team led by Margaret Kelly and Anne Kenny McGuirk

Since the mid-1980s, most developing countries have moved toward outward-looking, market-oriented policies and have liberalized their trade regimes. At the same time, industrial countries have acted to liberalize financial markets and foreign direct investment, deregulate services, and privatize public enterprises. This study discusses these and other developments in industrial, developing, and transition economies.

$20.00 (academic rate; $12.00; paper).

1992. ISBN 1-55775-311-3. Stock #WEO-1092.

Official Financing for Developing Countries

by a Staff Team from the IMF’s Policy Development and Review Department led by Michael Kuhn

This study provides information on official financing for developing countries, with the focus on low- and lower-middle-income countries. It updates and replaces Multilateral Official Debt Rescheduling; Recent Experience and reviews developments in direct financing by official and multilateral sources.

$20.00 (academic rate: $12.00; paper)

1994. ISBN 1-55775-378-4. Stock #WEO-1394.

Officially Supported Export Credits: Developments and Prospects

This study examines export credit and cover policies in the ten major industrial countries.

$15.00 (academic rate; $12.00; paper).

1990. By G.G. Johnson, Matthew Fisher, and Elliot Harris.

ISBN 1-55775-139-0. Stock #WEO-588.

1988. By K. Burke Dillon and Luis Duran-Downing, with Miranda Xafa.

ISBN 1-55775-006-8. Stock #WEO-587.

Available by series subscription or single title (including back issues); academic rate available only to full-time university faculty and students.

Please send orders and inquiries to:

International Monetary Fund, Publication Services, 700 19th Street, N.W.

Washington, D.C. 20431, U.S.A.

Tel.: (202) 623-7430 Telefax: (202) 623-7201

    Other Resources Citing This Publication