Chapter

Appendix VI Statistical Tables

Author(s):
Donald Mathieson, Eliot Kalter, Maxwell Watson, and G. Kincaid
Published Date:
February 1986
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Table 23.Cross-Border Interbank Lending and Deposit Taking, 1982–First Half of 19851(In billions of U.S. dollars)
19841985
1982198319841st half2nd half1st half
Lending to2105102152777563
Industrial countries7377110624853
Of which:
United States4639242318
Japan822101210
Developing countries316161156
Offshore centers41862711166
Other transactors5−235−164
Memorandum items
Capital-importing developing countries3,61712571
Major borrowers79734−1
Non-oil developing countries3,8151512571
Deposit taking from912597152837060
Industrial countries11362121675457
Of which:
United States81161725−81
Japan1511478
Developing countries3−9519712−3
Offshore centers4172210914
Other transactors538222
memorandum items
Capital-importing developing countries3,613201010−2
Major borrowers741459−2
Non-oil developing countries3,82101798−5
Change in net claims on10−205−653
Industrial countries−4015−11−4−6−4
Of which:
United Stales−35237−297
Japan−711652
Developing countries32510−9−2−73
Offshore centers41−16172152
Other transactors5−5−43−132
Memorandum items
Capital-importing developing countries3,64−7−5−34
Major borrowers75−6−2−5
Non-oil developing countries3,8135−5−4−17
Net errors and omissions1120−516−53
Note: Owing to rounding, components may not add.Sources: International Monetary Fund, International Financial Statistics (IFS); and Fund staff estimates.

Data on lending and deposit taking are derived from stock data on the reporting countries’ liabilities and assets, excluding changes attributed to exchange rate movements.

As measured by differences in the outstanding liabilities of borrowing countries, defined as cross-border interbank accounts by residence of borrowing bank.

I Excluding offshore centers.

Consisting of the Bahamas, Bahrain, the Cayman Islands, Hong Kong, the Netherlands Antilles, Panama, and Singapore.

Transactors included in IFS measures for the world, to enhance global symmetry, but excluded from IFS measures for “All Countries.” The data comprise changes in the accounts of the Bank for International Settlements with banks other than central banks; and changes in identified cross-border interbank accounts of centrally planned economies (excluding Fund members).

Consisting of all developing countries except the eight Middle Eastern oil exporters (Islamic Republic of Iran, Iraq, Kuwait, Libyan Arab Jamahiriya, Oman, Qatar, Saudi Arabia, and the United Arab Emirates) for which external debt statistics are either not available or are small in relation to external assets.

Consisting of Argentina, Brazil, Indonesia, Korea, Mexico, the Philippines, and Venezuela.

Consisting of all developing countries except the eight Middle Eastern oil exporters (listed in footnote 6), Algeria, Indonesia, Nigeria, and Venezuela.

As measured by differences in the outstanding assets of depositing countries, defined as cross-border interbank accounts by residence of lending banks.

Lending to, minus deposit taking from.

Calculated as the difference between global measures of cross-border interbank lending and deposit taking.

Note: Owing to rounding, components may not add.Sources: International Monetary Fund, International Financial Statistics (IFS); and Fund staff estimates.

Data on lending and deposit taking are derived from stock data on the reporting countries’ liabilities and assets, excluding changes attributed to exchange rate movements.

As measured by differences in the outstanding liabilities of borrowing countries, defined as cross-border interbank accounts by residence of borrowing bank.

I Excluding offshore centers.

Consisting of the Bahamas, Bahrain, the Cayman Islands, Hong Kong, the Netherlands Antilles, Panama, and Singapore.

Transactors included in IFS measures for the world, to enhance global symmetry, but excluded from IFS measures for “All Countries.” The data comprise changes in the accounts of the Bank for International Settlements with banks other than central banks; and changes in identified cross-border interbank accounts of centrally planned economies (excluding Fund members).

Consisting of all developing countries except the eight Middle Eastern oil exporters (Islamic Republic of Iran, Iraq, Kuwait, Libyan Arab Jamahiriya, Oman, Qatar, Saudi Arabia, and the United Arab Emirates) for which external debt statistics are either not available or are small in relation to external assets.

Consisting of Argentina, Brazil, Indonesia, Korea, Mexico, the Philippines, and Venezuela.

Consisting of all developing countries except the eight Middle Eastern oil exporters (listed in footnote 6), Algeria, Indonesia, Nigeria, and Venezuela.

As measured by differences in the outstanding assets of depositing countries, defined as cross-border interbank accounts by residence of lending banks.

Lending to, minus deposit taking from.

Calculated as the difference between global measures of cross-border interbank lending and deposit taking.

Table 24.International Bank Lending to Nonbanks and Deposit Taking from Nonbanks, 1982–First Half of 19851(In billions of U.S. dollars)
19841985
1982198319841st half2nd half1st half
Lending to280374021199
Industrial countries51157334
Of which:
United States114−111564
Japan2−3−1−2−1
Developing countries335225−l61
Offshore centers472231
Other transactors512111
Unidentified borrowers6−12−4241862
Memorandum items
Capital-importing developing countries3,7204−151
Major borrowers84222
Non-oil developing countries3,92616762
Deposit taking from1063643931812
Industrial countries37261212
Of which
United States2616−64−10−2
Japan11
Developing countries3132346−16
Offshore centers485935
Other transactors512
Unidentified depositors668141046
Memorandum items
Capital-importing developing countries3,7246626
Major borrowers883122
Non-oil developing countries3,915225515
Change in net claims on1117−1271−1011−3
Industrial countries14−11−5−934
Of which:
United States−12−1716166
Japan2−4−1−3−1
Developing countries322−11−61−5
Offshore centers4−1−3−6−3−3−1
Other transactors5111
Unidentified (net)6−18−121183−4
Memorandum items
Capital-importing developing countries3,7−4−3−74−4
Major borrowers8−4−1−211
Non-oil developing countries3,912−61−66−2
Note: Owing to rounding, components may not add.Sources: International Monetary Fund, International Financial Statistics (IFS); and Fund staff estimates.

Data on lending and deposit taking are derived from stock data on the reporting countries’ liabilities and assets, excluding changes attributed to exchange rate movements.

As measured by differences in the outstanding liabilities of borrowing countries, defined as cross-border bank credits to nonbanks by residence of borrower.

Excluding offshore centers.

Consisting of the Bahamas, Bahrain, the Cayman Islands, Hong Kong, the Netherlands Antilles, Panama, and Singapore.

Transactors included in IFS measures for the world, to enhance global symmetry, but excluded from IFS measures for “All Countries.” The data comprise changes in the accounts of international organizations (other than the Bank for International Settlements) with banks; and changes in identified cross-border bank accounts of nonbanks in centrally planned economies (excluding Fund members).

Calculated as the difference between the amount that countries report as (heir banks’ positions with nonresident banks in their monetary statistics and the amounts that banks in major financial centers report as their positions with nonbanks in each country.

Consisting of all developing countries except (he eight Middle Eastern oil exporters (Islamic Republic of Iran, Iraq, Kuwait, Libyan Arab Jamahiriya. Oman. Qatar, Saudi Arabia, and the United Arab Emirates) for which external debt statistics are either not available or are small in relation to external assets.

Consisting of Argentina, Brazil, Indonesia, Korea, Mexico, the Philippines, and Venezuela.

Consisting of all developing countries except the eight Middle Eastern oil exporters (listed in footnote 7), Algeria. Indonesia, Nigeria. and Venezuela.

As measured by differences in the outstanding assets of depositing countries defined as international bank deposits by nonbanks by residence of depositor.

Lending to, minus deposit taking from.

Note: Owing to rounding, components may not add.Sources: International Monetary Fund, International Financial Statistics (IFS); and Fund staff estimates.

Data on lending and deposit taking are derived from stock data on the reporting countries’ liabilities and assets, excluding changes attributed to exchange rate movements.

As measured by differences in the outstanding liabilities of borrowing countries, defined as cross-border bank credits to nonbanks by residence of borrower.

Excluding offshore centers.

Consisting of the Bahamas, Bahrain, the Cayman Islands, Hong Kong, the Netherlands Antilles, Panama, and Singapore.

Transactors included in IFS measures for the world, to enhance global symmetry, but excluded from IFS measures for “All Countries.” The data comprise changes in the accounts of international organizations (other than the Bank for International Settlements) with banks; and changes in identified cross-border bank accounts of nonbanks in centrally planned economies (excluding Fund members).

Calculated as the difference between the amount that countries report as (heir banks’ positions with nonresident banks in their monetary statistics and the amounts that banks in major financial centers report as their positions with nonbanks in each country.

Consisting of all developing countries except (he eight Middle Eastern oil exporters (Islamic Republic of Iran, Iraq, Kuwait, Libyan Arab Jamahiriya. Oman. Qatar, Saudi Arabia, and the United Arab Emirates) for which external debt statistics are either not available or are small in relation to external assets.

Consisting of Argentina, Brazil, Indonesia, Korea, Mexico, the Philippines, and Venezuela.

Consisting of all developing countries except the eight Middle Eastern oil exporters (listed in footnote 7), Algeria. Indonesia, Nigeria. and Venezuela.

As measured by differences in the outstanding assets of depositing countries defined as international bank deposits by nonbanks by residence of depositor.

Lending to, minus deposit taking from.

Table 25.Total Cross-Border Bank Lending to and Deposit Taking from Developing Countries, 1982–First Half of 19851(In billions of U.S. dollars)
19841985
1982198319841st half2nd half1st half
Lending to275.845.345.015.030.07.9
Offshore centers324.77.429.310.818.56.9
Developing countries451.137.915.74.111.50.8
Africa7.30.70.60.1−0.4
Asia8.45.81.93.91.9
Europe3.12.91.02.02.9
Middle East3.3−1.1−0.9−0.2−2.7
Western Hemisphere15.87.31.75.6−0.8
Deposit taking from528.755.042.124.917.27.1
Offshore centers324.826.518.712.46.34.2
Developing countries43.928.523.412.510.92.9
Africa1.8−0.5−0.1−0.43.0
Asia11.26.26.8−0.60.9
Europe2.44.70.93.80.5
Middle East−3.0−3.6−2.1−1.5−1.0
Western Hemisphere16.216.67.09.6−0.5
Change in net claims on647.1−9.72.9−9.912.80.8
Offshore centers3−0.1−19.110.6−1.612.22.7
Developing countries447.29.4−7.7−8.30.6−2.0
Africa5.51.20.70.5−3.4
Asia−2.8−0.4−4.94.51.0
Europe0.7−1.70.1−1.82.4
Middle East6.32.51.21.3−1.7
Western Hemisphere−0.4−9.3−5.3−4.0−0.3
Note; Owing to rounding, components may not add.Sources; International Monetary Fund. International Financial Statistics: and Fund staff estimates.

Data on lending and deposit taking are derived from stock data on the reporting countries’ liabilities and assets, excluding changes attributed to exchange rate movements.

As measured by differences in the outstanding liabilities of borrowing countries, defined as cross-border interbank accounts by residence of borrowing bank plus international bank credits to nonbanks by residence of borrower.

Consisting of the Bahamas. Bahrain, the Cayman Islands. Hong Kong, the Netherlands Antilles, Panama, and Singapore.

Excluding offshore centers.

As measured by differences in the outstanding assets of depositing countries, defined as cross-border interbank accounts by residence of lending bank plus international bank deposits of nonbanks by residence of depositor.

Lending to. minus deposit taking from.

Note; Owing to rounding, components may not add.Sources; International Monetary Fund. International Financial Statistics: and Fund staff estimates.

Data on lending and deposit taking are derived from stock data on the reporting countries’ liabilities and assets, excluding changes attributed to exchange rate movements.

As measured by differences in the outstanding liabilities of borrowing countries, defined as cross-border interbank accounts by residence of borrowing bank plus international bank credits to nonbanks by residence of borrower.

Consisting of the Bahamas. Bahrain, the Cayman Islands. Hong Kong, the Netherlands Antilles, Panama, and Singapore.

Excluding offshore centers.

As measured by differences in the outstanding assets of depositing countries, defined as cross-border interbank accounts by residence of lending bank plus international bank deposits of nonbanks by residence of depositor.

Lending to. minus deposit taking from.

Table 26.Cross-Border Interbank Lending to and Deposit Taking from Developing Countries, 1982–First Half of 19851(In billions of U.S. dollars)
19841985
1982198319841st half2nd half1st half
Lending to234.621.337.415.721.76.3
Offshore centers318.15.826.910.916.05.8
Developing countries416.415.510.54.85.70.3
Africa1.51.60.51.1
Asia2.02.31.60.71.2
Europe0.51.40.21.22.3
Middle East−0.2−1.6−0.5−1.1−1.8
Western Hemisphere11.76.83.03.8−1.3
Deposit taking from58.526.929.215.913.30.9
Offshore centers317.221.510.19.01.13.8
Developing countries4−8.75.419.16.912.4−2.9
Africa0.4−0.3−0.1−0.21.8
Asia8.07.05.21.80.5
Europe1.54.10.73.4−0.3
Middle East−7.0−3.5−4.3−0.8−1.7
Western Hemisphere2.611.85.46.4−3.2
Change in net claims on626.1−5.68.2−0.28.45.4
Offshore centers31.0−15.716.92.014.92.0
Developing countries425.110.1−8.6−2.2−6.53.2
Africa1.11.90.61.3−1.8
Asia−6.0−4.7−3.6−1.10.7
Europe−1.0−2.7−0.5−2.22.6
Middle East6.81.93.8−1.9−0.1
Western Hemisphere9.1−5.0−2.4−2.61.9
Note: Owing to rounding, components may not add.Sources: International Monetary Fund. International Financial Statistics; and Fund staff estimates.

Data on lending and deposit taking are derived from stock data on the reporting countries’ liabilities and assets, excluding changes attributed to exchange rate movements.

As measured by differences in the outstanding liabilities of borrowing countries, defined as cross-border interbank accounts by residence of borrowing bank.

Consisting of the Bahamas, Bahrain, the Cayman Islands, Hong Kong, the Netherlands Antilles, Panama, and Singapore.

Excluding offshore centers.

As measured by differences in the outstanding assets of depositing countries, defined as cross-border interbank accounts by residence of lending banks.

Lending to, minus deposit taking from.

Note: Owing to rounding, components may not add.Sources: International Monetary Fund. International Financial Statistics; and Fund staff estimates.

Data on lending and deposit taking are derived from stock data on the reporting countries’ liabilities and assets, excluding changes attributed to exchange rate movements.

As measured by differences in the outstanding liabilities of borrowing countries, defined as cross-border interbank accounts by residence of borrowing bank.

Consisting of the Bahamas, Bahrain, the Cayman Islands, Hong Kong, the Netherlands Antilles, Panama, and Singapore.

Excluding offshore centers.

As measured by differences in the outstanding assets of depositing countries, defined as cross-border interbank accounts by residence of lending banks.

Lending to, minus deposit taking from.

Table 27.Cross-Border Interbank Lending to and Deposit Taking from Nonbanks in Developing Countries, 1982–First Half of 19851(In billions of U.S. dollars)
19841985
1982198319841st half2nd half1st half
Lending to241.224.07.4−0.88.21.7
Offshore centers36.51.62.4−0.12.51.1
Developing countries434.722.45.0−0.75.70.6
Africa5.8−0.90.1−1.0−0.4
Asia6.43.50.33.20.7
Europe2.61.50.70.80.6
Middle East3.50.4−0.50.9−0.9
Western Hemisphere4.10.5−1.31.80.5
Deposit taking from520.228.112.99.03.96.0
Offshore centers37.65.08.63.45.20.4
Developing countries412.623.14.35.7−1.35.7
Africa1.4−0.3−0.1−0.21.3
Asia3.1−0.71.7−2.40.3
Europe0.90.60.20.40.8
Middle East4.22.3−2.30.7
Western Hemisphere13.64.81.63.22.6
Change in net claims on621.0−4.1−5.5−9.84.3−4.4
Offshore centers3−1.1−3.4−6.2−3.5−2.70.7
Developing countries422.1−0.70.6−6.47.0−5.1
Africa4.4−0.70.1−0.8−1.6
Asia3.34.2−1.45.60.4
Europe1.70.90.50.4−0.2
Middle East−0.70.4−2.73.2−1.6
Western Hemisphere−9.5−4.3−2.9−1.4−2.1
Note: Owing to rounding, components may not add.Sources: International Monetary Fund, International Financial Statistics; and Fund staff estimates.

Data on lending and deposit taking are derived from stock data on the reporting countries’ liabilities and assets, excluding changes attributed to exchange rate movements.

As measured by differences in the outstanding liabilities of borrowing countries, defined as cross-border interbank credits to nonbanks by residence of borrower.

Consisting of the Bahamas, Bahrain, the Cayman Islands, Hong Kong, the Netherlands Antilles, Panama, and Singapore.

Excluding offshore centers.

As measured by differences in the outstanding assets of depositing countries, defined as international bank deposits of nonbanks by residence of depositor.

Lending to, minus deposit taking from.

Note: Owing to rounding, components may not add.Sources: International Monetary Fund, International Financial Statistics; and Fund staff estimates.

Data on lending and deposit taking are derived from stock data on the reporting countries’ liabilities and assets, excluding changes attributed to exchange rate movements.

As measured by differences in the outstanding liabilities of borrowing countries, defined as cross-border interbank credits to nonbanks by residence of borrower.

Consisting of the Bahamas, Bahrain, the Cayman Islands, Hong Kong, the Netherlands Antilles, Panama, and Singapore.

Excluding offshore centers.

As measured by differences in the outstanding assets of depositing countries, defined as international bank deposits of nonbanks by residence of depositor.

Lending to, minus deposit taking from.

Table 28.Cross-Country Comparison of Components of External Assets and Liabilities, End-December 1984(In billions of U.S. dollars)
Cross-Border Interbank Accounts by Residence of Borrowing BankInternational Bank Credits to Nonbanks by Residence of BorrowerTotal External Liabilities of Banks and Non- banks to BanksCross-Border Interbank Accounts by Residence of Lending BankInternational Bank Deposits of Nonbanks by Residence of DepositorTotal External Assets of Banks and Nonbanks with BanksNet External Liabilities of Banks and Nonbanks to Banks
Industrial countries1,312.7279.91,592.61,315.4298.51,613.9−21.3
Major industrial countries1,029.7173.51,203.1969.3227.61,196.96.2
Other industrial countries283.0106.5389.5346.171.0417.1−27.6
Centrally planned economies32.68.641.119.80.620.320.8
Czechoslovakia1.90. 62.41.01.01.4
German Democratic Republic7.01.48.34.50.14. 63.7
Poland8.02.410.31.40. 21.68.7
U.S.S.R.13.13.616.711.20.211.35.4
Other2.60.63.41.70.11.81.6
Developing countries624.5363.2987.7602.9219.1821.9165.8
Offshore centers388.333.4421.7364.058.9422.9−1.2
Capital-importing developing countries219.7312.0531.7159.4123.8283.2248.5
Africa11.646.257.87.913.121.036.8
Côted’Ivoire0.12.02.10.10.30.51.6
Liberia9.89.83.83.86.0
Morocco0.53.64.10.10.50.63.5
Nigeria0.37.07.31.71.22.94.4
South Africa1.38.59.80.61.01.78.1
Other9.415.324.75.46.311.513.2
Asia45. 555.0100.466.011.977.922.5
China3.61.45.014.40.314.7−9.7
India2.62.64.31.45.7−3.1
Indonesia0.912.513.49.20.59.83.6
Korea22.112.134.28.10.48.625.6
Malaysia2.39.111.43.21.34.66.8
Philippines8.56.515.02.21.13.311.7
Thailand2.04.56.61.60.31.94.7
Other6.16.312.223.06.629.3−17.1
Europe37.424.662.116.211.027.234.9
Greece1.26.07.32.34.77.10.2
Hungary7.71.49.12.22.26.9
Portugal0.19.29.22.32.64.94.3
Romania6.80.97.61.11.16.5
Turkey9.62.312.03.31.85.16.9
Yugoslavia12.03.215.23.30.33.611.6
Other1.61.71.71.63.2−1.5
Middle East15. 78.624.321.921.543.4−19.1
Egypt8.53.111.69.12.411.6
Israel3.82.36.17.22.69.8−3.7
Syria2.10.22.30.41.01.40.9
Other1.33.04.35.215.520.6−16.3
Western Hemisphere109.5177.6287.147.466.3113.7173.4
Argentina7.017.624.61.57.69.175.5
Brazil41.252.293.513.98.222.171.4
Chile10.06.716.63.01.94.911.7
Colombia2.35.37.61.52.43.93.7
Mexico33.656.890.47.614.321.968.5
Nicaragua1.80.62.40.50.10.61.8
Peru0.74.04.71.81.43.21.5
Venezuela3.020.223.38.811.720.52.8
Other9.914.224.08.818.727.5−3.5
Unallocated and international organizations32.684.8117.427.2126.4153.6−36.2
Of which: International organizations32.66.939.527.26.233.46.1
Total2,002.3736.52,738.81,965.2644.62,609.7129.1
Memorandum items:
(Data exclude offshore centers)
Non-oil developing countries211.0264.6475.6138.2108.6246.8228.8
Oil exporting developing countries25.265.290.3100.751.5152.2−61.9
Source: International Monetary Fund, International Financial Statistics.
Source: International Monetary Fund, International Financial Statistics.
Table 29.Long-Term International Bank Credit Commitments, 1979–First Half of 1985(In billions of U.S. dollars)
19841985
1979119801198119821983198421st half2nd half21st half3
Long-term external credit commitments
Industrial countries24 A39.344.851.627.929.912.517.516.4
Seven largest12.923.427.831.215.018.25.412.812.6
Other11.215.917.020.412.911.77.14.63.8
Developing countries50.938.348.144.634.931.018.013.09.3
Capital-importing49.837.847.042.632.629.917.612.38.7
Africa4.82.64.12.72.70.50.30.21.1
Asia11.09.212.812.610.410.24.65.62.9
Europe7.84.94.73.73.53.41.22.22.3
Middle East0.20.70.20.60.70.40.10.3
Western Hemisphere26.020.425.223.015.315.411.44.02.4
Centrally planned economies43.61.70.70.20.52.20.71.51.6
International organizations and unallocated0.40.71.01.83.93.52.21.21.6
Total79.179.994.698.267.266.633.433.228.9
Other international long-term bank facilities
Industrial countries46.53.112.447.831.516.317.3
Seven largest45.91.410.633.928.85.012.5
Other0.61.71.813.92.611.24.8
Developing countries6.52.11.06.90.86.22.1
Capital-importing6.52.10.96.60.65.91.9
Africa0.10.20.2
Asia0.20.50.41.50.31.11.3
Europe0.40.30.70.40.30.5
Middle East0.2
Western Hemisphere6.21.24.34.3
Centrally planned economies4
International organizations and unallocated0.10.20.10.60.60.6
Total53.15.413.555.332.323.020.0
Total international commitments
Industrial countries24.139.391.354.640.277.643.933.733.7
Seven largest12.923.473.632.625.552.134.217.925.1
Other11.215.917.622.114.725.59.715.88.6
Developing countries50.938.354.646.835.937.918.819.111.4
Capital-importing49.837.853.544.833.536.518.318.210.6
Africa4.82.64.22.72.70.70.30.41.1
Asia11.09.013.013.110.811.74.96.74.3
Europe7.84.94.74.13.84.21.612.62.8
Middle East0.20.70.20.60.80.40.10.3
Western Hemisphere26.020.431.324.215.319.711.48.32.4
Centrally planned economies43.61.70.70.20.52.20.71.51.6
International organizations and unallocated0.40.71.12.04.04.12.31.82.2
Total79.179.9147.7103.680.7121.865.756.248.9
Memorandum item:
Other international long-term bank facilities, excluding merger related facilities5.49.528.95.923.020.0
Note: Owing to rounding, components may not add.Sources: Organization for Economic Cooperation and Development, Financial Statistics Monthly; and Fund staff estimates.

Includes only Eurocredit commitments.

Includes agreements in principle with Argentina and the Philippines, and excludes the short-term trade deposit facility for Argentina of $0.5 billion

Includes agreements in principle with Chile and Colombia.

Excludes Fund member countries.

Note: Owing to rounding, components may not add.Sources: Organization for Economic Cooperation and Development, Financial Statistics Monthly; and Fund staff estimates.

Includes only Eurocredit commitments.

Includes agreements in principle with Argentina and the Philippines, and excludes the short-term trade deposit facility for Argentina of $0.5 billion

Includes agreements in principle with Chile and Colombia.

Excludes Fund member countries.

Table 30.New Long-Term External Bank Credit Commitments by Country of Destination, 1979–First Half of 1985(In billions of U.S. dollars)
198419853
1979119801198119821983198421st half1st half
Industrial countries24.139.344.851.627.929.912.516.4
Australia0.71.73.95.92.72.41.60.2
Belgium1.03.10.52.00.10.90.90.2
Canada0.96.45.17.02.12.70.24.8
Denmark1.21.61.61.62.20.70.2
France2.81.90.66.61.52.00.60.3
Italy3.46.56.45.32.84.71.33.7
Spain3.74.54.82.02.73.51.91.4
Sweden1.51.32.52.02.60.40.30.4
United Kingdom2.01.72.62.20.93.31.52.0
United States3.76.412.910.07.35.31.81.8
Other3.24.03.97.03.04.02.21.6
Centrally planned economies3.61.70.70.20.52.20.71.6
Czechoslovakia0.50.50.1
German Democratic Republic0.70.40.50.10.40.70.10.6
Poland0.90.70.3
U.S.S.R.0.30.10.10.90.50.9
Other1.40.20.30.10.1
Developing countries50.938.348.144.634.931.018.09.3
Capital-importing developing countries49.837.847.042.632.629.917.68.7
Africa4.82.64.12.72.70.50.31.1
Côte d’Ivoire0.20.40.60.50.1
Morocco0.60.50.60.20.1
Nigeria1.20.72.00.40.2
South Africa0.10.40.31.00.20.20.2
Other2.70.70.60.62.20.30.11.0
Asia11.09.212.812.610.410.24.62.9
China3.10.40.50.30.10.20.10.1
India0.10.11.00.40.70.60.1
Indonesia0.71.01.11.12.01.60.9
Korea2.72.03.23.63.53.71.62.3
Malaysia0.21.11.52.41.41.00.90.2
Philippines1.81.30.91.10.60.9
Thailand0.30.90.80.30.40.80.1
Other2.12.53.83.41.71.40.90.3
Europe7.84.94.73.73.53.41.22.3
Greece0.91.21.00.91.21.10.50.6
Hungary1.00.60.60.30.50.80.10.5
Portugal0.80.71.71.51.01.00.30.6
Turkey3.20.30.30.40.30.6
Yugoslavia1.71.81.00.50.6
Other0.30.60.40.20.1
Middle East0.20.70.20.60.70.40.1
Egypt0.20.40.1
Jordan0.10.20.20.30.30.1
Other0.10.30.20.2
Western Hemisphere26.020.425.223.015.315.411.42.4
Argentina2.12.42.81.31.83.7
Brazil6.55.36.97.34.66.56.5
Chile0.70.92.31.21.40.80.81.1
Colombia0.90.71.00.60.40.40.21.0
Ecuador0.90.70.30.10.4
Mexico10.46.07.96.55.13.83.8
Peru0.60.30.91.10.5
Venezuela3.02.91.44.00.2
Other0.91.21.70.90.90.20.10.3
Unallocated and international organizations0.40.71.01.83.93.52.21.6
Total79.179.994.698.267.266.633.428.9
Note: Owing to rounding, components may not add.Sources: Organization For Economic Cooperation and Development, Financial Statistics Monthly; and Fund staff estimates.

Includes only Eurocredit commitments.

Includes agreements in principle with Argentina and the Philippines.

Includes agreements in principle wild Colombia and Chile.

Note: Owing to rounding, components may not add.Sources: Organization For Economic Cooperation and Development, Financial Statistics Monthly; and Fund staff estimates.

Includes only Eurocredit commitments.

Includes agreements in principle with Argentina and the Philippines.

Includes agreements in principle wild Colombia and Chile.

Table 31.Terms on New Publicized Long-Term International Bank Credit Commitments, 1979–First Half of 1985(In percent, unless otherwise indicated)
19841985
19791980198119821983198421st half2nd half11st half2
Six-month Eurodollar interbank rate (average)11.9013.9116.6913.609.9211.2911.2511.339.03
U.S. prime rate (average)12.6615.2618.8714.8610.7912.1311.6912.5610.48
Average maturity (in years/months)8/87/97/81117/37/98/57/4111
OECD countries8/118/07/88/37/87/47/87/4111
Centrally planned economies8/06/75/74/94/55/115/56/26/10
Oil exporting countries8/07/37/96/07/21117/67/87/6
Other developing countries8/87/87/97/07/08/119/27/108/2
Average spread0.790.740.800.771.150.931.230.600.51
OECD countries0.620.590.580.560.650.550.680.480.42
Centrally planned economies0.700.880.621.031.180.880.720.940.55
Oil exporting countries1.050.770.790.940.850.760.710.800.63
Other developing countries0.850.911.041.141.701.441.600.640.69
Sources: Organization for Economic Cooperation and Development (OECD), Financial Market Trends; International Monetary Fund, International Financial Statistics (for Eurodollar rate); Federal Reserve Bulletin (for prime rate); and unpublished data from the OECD (for details on maturities).

Does not include terms of agreements in principle with Argentina and the Philippines.

Does not include terms of agreements in principle with Chile and Colombia.

Sources: Organization for Economic Cooperation and Development (OECD), Financial Market Trends; International Monetary Fund, International Financial Statistics (for Eurodollar rate); Federal Reserve Bulletin (for prime rate); and unpublished data from the OECD (for details on maturities).

Does not include terms of agreements in principle with Argentina and the Philippines.

Does not include terms of agreements in principle with Chile and Colombia.

Table 32.External Assets of BIS Reporting Banks by Maturity and Undisbursed Credit Commitments, December 1980–June 1985(In billions of U.S. dollars)
December 1980December 1981December 1982December 19831December 19842June 1985
External AssetsExternal AssetsExternal AssetsExternal AssetsExternal AssetsExternal Assets
TotalUp to and including one yearUndisbursed credit commitmentsTotalUp to and including one yearUndisbursed credit commitmentsTotalUp to and including one yearUndisbursed credit commitmentsTotalUp to and including one yearUndisbursed credit commitmentsTotalUp to and including one yearUndisbursed credit commitmentsTotalUp to and including one yearUndisbursed credit commitments
Claims on:
Industrial countries outside the BIS reporting area50.521.715.757.525.318.367.329.420.172.130.922.080.836.321.782.238.424.9
Australia7.32.65.29.84.06.915.05.29.018.26.48.823.09.49.622.99.010.5
Finland7.03.92.17.44.12.69.05.12.09.45.52.611.36.91.412.17.51.6
Norway10.83.72.610.63.92.911.35.13.410.74.64.011.35.43.912.36.84.6
Spain19.78.03.823.19.34.124.610.12.826.911.03.427.111.03.225.911.34.4
Other5.73.52.06.64.01.87.43.92.96.93.43.28.13.63.69.03.83.8
Developing countries339.9159.579.2393.9189.481.5433.2208.478.9457.7207.574.8462.4191.667.8465.7194.866.3
Capital-importing countries319.4145.074.3373.8173.475.9412.0191.162.2431.4185.967.7436.1171.160.1440.6175.760.3
Africa45.513.113.250.917.613.356.421.513.560.524.213.359.525.111.758.523.610.0
Côte d’lvoire3.01.00.43.20.90.53.40.90.43.10.80.22.70.60.12.70.50.2
Morocco3.50.70.33.71.20.53.91.00.43.91.10.23.81.20.34.01.30.2
Nigeria4.51.42.46.02.03.68.53.13.910.02.72.68.92.61.99.03.01.3
South Africa7.22.53.111.26.03.414.38.73.518.411.83.618.912.83.517.211.32.5
Zaïre1.20.30.11.10.30.10.90.30.10.70.20.70.30.10.70.30.1
Other26.17.26.925.77.25.225.47.56.224.47.66.724.57.65.824.97.25.7
Asia51.628.619.860.832.922.771.236.819.580.939.421.484.739.221.386.039.922.7
China2.60.94.02.31.15.01.30.63.12.21.43.25.52.43.43.22.23.1
India1.00.50.91.30.72.02.31.11.82.61.12.13.41.32.53.81.32.7
Indonesia6.32.62.27.23.02.69.93.82.211.84.63.212.95.43.612.65.24.6
Korea16.710.44.319.911.54.123.213.93.925.714.54.426.013.04.427.313.05.0
Malaysia2.71.01.44.41.41.36.61.61.38.72.11.610.62.41.810.01.92.0
Philippines9.35.42.410.25.82.812.67.52.413.87.31.612.46.61.012.77.40.9
Thailand4.02.41.35.13.11.34.92.81.65.83.51.46.53.51.46.83.81.5
Other9.05.43.310.46.33.610.45.53.210.34.93.99.44.63.29.65.12.9
Europe43.115.68.645.715.76.845.414.75.848.316.14.847.715.95.650.117.06.1
Greece8.43.23.09.73.62.610.03.32.211.83.82.112.34.02.012.94.01.8
Hungary8.03.40.77.73.10.46.82.20.57.03.20.36.82.70.67.32.80.7
Portugal5.62.11.27.73.01.510.03.81.210.84.00.810.83.51.111.13.61.2
Romania5.82.51.15.11.80.54.21.70.43.90.90.23.10.70.23.00.80.2
Turkey4.41.30.64.21.00.54.01.00.54.41.20.64.61.91.05.42.51.5
Yugoslavia10.42.92.010.73.01.39.82.60.79.82.70.59.32.60.59.52.90.5
Other0.50.20.20.60.20.60.10.30.60.30.30.80.50.20.90.40.2
Middle East15.011.73.117.814.03.221.316.73.515.510.83.614.810.23.314.610.03.2
Egypt332.01.54.43.07.54.93.21.85.63.72.05.83.61.86.03.62.0
Israel4.83.40.56.04.30.66.74.40.56.44.40.75.33.70.55.43.70.6
Other6.96.31.16.96.71.19.79.11.23.52.70.93.72.91.03.22.70.6
Western
Hemisphere164.216A29.5198.693.230.0217.7101.519.9226.295.424.6229.480.718.2231.385.118.2
Argentina19.910.44.024.811.63.925.713.91.926.814.11.725.314.01.926.114.91.9
Brazil45.716.26.452.518.26.160.521.15.360.616.95.065.416.43.766.617.84.4
Chile7.32.91.610.54.21.811.64.61.012.54.61.213.23.70.713.43.90.6
Colombia4.62.51.75.42.61.66.32.91.26.83.20.86.52.60.96.22.61.0
Ecuador3.91.81.04.52.30.94.52.50.54.82.30.54.71.70.34.91.80.4
Mexico42.518.86.757.127.87.362.929.93.769.329.48.670.917.13.570.718.32.6
Peru4.12.41.34.42.71.45.43.21.15.12.30.84.82.10.74.72.30.8
Venezuela24.314.33.726.216.13.227.515.82.427.616.30.926.717.40.926.617.50.9
Other11.96.83.213.27.73.813.37.62.812.76.34.111.95.75.612.16.05.6
Centrally planned economies48.418.68.050.121.66.343.617.16.440.915.66.538.314.94.541.216.55.3
Czechoslovakia3.51.50.33.31.30.22.80.90.32.70.90.22.40.80.42.50.90.4
German Democratic Republic9.93.81.510.74.61.78.93.51.28.43.30.88.43.71.18.84.01.4
Poland16.25.43.915.25.51.813.94.60.710.92.70.38.72.10.38.61.80.4
U.S.S.R.13.45.61.716.38.22.014.66.63.915.67.04.815.86.61.918.18.22.4
Other5.42.30.64.62.00.63.41.50.33.31.70.43.01.70.83.21.60.7
Total438.8199.8102.9501.4236.2106.1544.1254.994.7570.8254.0103.2581.5242.894.0589.1249.796.5
Note: Up to June 1984 the reporting area for these data includes branches of U.S. banks and the affiliates in offshore reporting centers of banks in other countries. The December 1984 data are on a worldwide consolidated basis for all reporting countries. This series is only available semiannually and has longer lags than the data presented in quarterly publications of the Bank for International Settlements on international capital markets developments.Source: Bank for International Settlements, The Maturity Distribution of International Bank Lending.

Due to a change in the coverage and partial consolidation of the reporting area, 1983 figures should not be directly compared to 1982.

Figures are based on fully consolidated reports of banks, and should not be directly compared to 1983.

Note: Up to June 1984 the reporting area for these data includes branches of U.S. banks and the affiliates in offshore reporting centers of banks in other countries. The December 1984 data are on a worldwide consolidated basis for all reporting countries. This series is only available semiannually and has longer lags than the data presented in quarterly publications of the Bank for International Settlements on international capital markets developments.Source: Bank for International Settlements, The Maturity Distribution of International Bank Lending.

Due to a change in the coverage and partial consolidation of the reporting area, 1983 figures should not be directly compared to 1982.

Figures are based on fully consolidated reports of banks, and should not be directly compared to 1983.

Table 33.Undisbursed Credit Commitments in Percent of Outstanding Bank Claims, 1979–June 1985
Dec. 1979Dec. 1980Dec. 1981Dec. 1982Dec. 19831Dec. 19841Dec. 1985
All countries24.723.421.017.217.616.216.4
Industrial countries (other than Group of Ten, Switzerland, Austria, Denmark, and Ireland)22.031.131.829.930.526.430.3
Developing countries25.923.320.718.216.314.714.2
Capital-importing26.023.320.315.115.713.813.7
Africa29.429.026.123.922.019.717.1
Asia44.838.437.327.426.525.226.4
Of which:
Indonesia36.234.936.122.227.127.936.5
Korea33.325.820.616.817.116.918.3
Philippines39.225.827.519.111.68.17.1
Europe19.720.014.912.89.911.712.2
Middle East25.920.718.016.423.222.321.9
Western Hemisphere20.618.015.19.110.97.97.9
Of which:
Argentina21.620.115.77.46.37.57.3
Brazil17.414.011.68.88.35.76.6
Mexico19.715.812.85.912.44.93.7
Venezuela19.715.212.28.73.33.43.4
Centrally planned economies218.916.512.614.715.911.812.9
Source: Bank for International Settlements, The Maturity Distribution of International Bank Lending.

Coverage of the series changes at end-1983 and end-1984.

Excluding Fund member countries.

Source: Bank for International Settlements, The Maturity Distribution of International Bank Lending.

Coverage of the series changes at end-1983 and end-1984.

Excluding Fund member countries.

Table 34.Assets and Capital of U.S. Banks, 1977–First Half of 1985
1985
197719781979198019811982198319841st half
Billions of U.S. dollars
External claims on developing countries166.375.184.7102.5124.7140.0143.9140.7139.0
Total assets717.1823.6941.31,066.31,164.51,261.01,336.01,413.01,444.0
Capital40.945.549.756.962.770.679.392.298.8
Percent
Memorandum items:
Capital to total assets5.75.55.35.35.45.65.96.56.8
External claims on developing countries to total assets9.29.19.09.610.711.110.810.09.6
Capital to external claims on developing countries61.760.658.755.550.350.455.165.571.1
Sources: Federal Financial Institutions Examination Council, Country Exposure Lending Survey; and International Monetary Fund, International Financial Statistics.

The data presented in this table are on an exposure basis, i.e., they are adjusted for guarantees and other risk transfers.

Sources: Federal Financial Institutions Examination Council, Country Exposure Lending Survey; and International Monetary Fund, International Financial Statistics.

The data presented in this table are on an exposure basis, i.e., they are adjusted for guarantees and other risk transfers.

Table 35.Commercial Banks Ranked by Assets
Rank
Bank and Head OfficeAssets1 at End-December 1984 (In billions of U.S. dollars)19841983
Citicorp, New York142.711
Dai-Ichi Kangyo Bank, Tokyo119.123
Fuji Bank, Tokyo115.134
Bank America Corporation, San Francisco113.742
Mitsubishi Bank, Tokyo110.757
Sumitomo Bank, Osaka107.665
Banque National de Paris, Paris99.076
Sanwa Bank, Osaka96.589
Crédit Agricole, Paris92.4910
Crédit Lyonnais, Paris90.51011
Société Générate, Paris87.11113
Barclays, London85.2128
Norinchukin Bank, Tokyo83.11317
National Westminster Bank, London82.71412
Industrial Bank of Japan, Tokyo81.71518
Chase Manhattan, New York81.61616
Tokai Bank, Nagoya76.11722
Deutsche Bank, Frankfurt73.41814
Manufacturers Hanover Corporation, New York73.11923
Midland Bank, London71.12015
Source: Financial Times Business Information Limited, The Banker (London, July 1985), p. 133.

Assets less contra accounts.

Source: Financial Times Business Information Limited, The Banker (London, July 1985), p. 133.

Assets less contra accounts.

Table 36.Chronology of Bank Debt Restructurings and Bank Financial Packages, 1978–85
Agreement reached1(By year and month of agreement)
1978
Peru—June
Jamaica—September
Peru—December
1979
Jamaica—April
Turkey—June2
Turkey—August2
1980
Peru—January
Togo—March
Zaïre—April
Bolivia—August, December (temporary deferments)
Nicaragua—December
1981
Bolivia—April
Jamaica—June2
Madagascar—July, November
Turkey—August
Nicaragua—December
Sudan—December
1982
Honduras—January
Nicaragua—March
Sudan—March
Turkey—March
Guyana—June (temporary deferment)
Madagascar—October
Liberia—December
Romania—December
1983
Zaïre—January (temporary deferment)
Brazil—February2
Malawi—March
Sudan—April (modification of 1981 agreement)
Romania—June
Chile—July2
Guyana—July (temporary deferment)
Nigeria—July
Peru—July2
Uruguay—July
Mexico—August2
Costa Rica—September2
Dominican Republic—September3
Madagascar—September4
Nigeria—September
Yugoslavia—September2
Ecuador—October2
Togo—October
1984
Brazil—January2
Sierra Leone—January
Guyana—January, July (temporary deferments)
Nicaragua—February
Peru—February3
Senegal—February
Niger—March
Mexico—April (new financing only)
Sudan—April (modification of 1981 agreement)
Yugoslavia—May
Jamaica—June
Zaïre—June (temporary deferment)
Mexico—September3
Philippines—October2,3,5
Madagascar—October
Chile—November (temporary deferment)
Honduras—December3
Uruguay—December (deferment)
Zambia—December3
1985
Côte d’Ivoire—March
Costa Rica—May
Dominican Republic—May3
Senegal—May
Zaïre—May (deferment)
Argentina—August2
Morocco—September6
Jamaica—September
Yugoslavia—September3
Panama—October
Chile—November
Uruguay—November (deferment)
Venezuela—November
Ecuador—December
Under negotiation (By year of approach to banks)
1983
Liberia
1984
People’s Republic of Mozambique
Peru
1985
Morocco Nicaragua7
Sudan
Note: “Restructuring” covers rescheduling and also certain refinancings. Sources: Restructuring agreements; and Fund staff estimates.

Agreement either signed or reached in principle. See Glossary in Appendix V for definitions of the two terms.

The restructuring agreement includes new financing.

Agreed in principle or tentative agreement with bank’s steering or advisory committee.

The agreement was officially signed in October 1984.

The agreement in principle covers 1985 and 1986 maturities.

The agreement covers 1983 and 1984 maturities.

Refers to amount previously restructured during 1980–82.

Note: “Restructuring” covers rescheduling and also certain refinancings. Sources: Restructuring agreements; and Fund staff estimates.

Agreement either signed or reached in principle. See Glossary in Appendix V for definitions of the two terms.

The restructuring agreement includes new financing.

Agreed in principle or tentative agreement with bank’s steering or advisory committee.

The agreement was officially signed in October 1984.

The agreement in principle covers 1985 and 1986 maturities.

The agreement covers 1983 and 1984 maturities.

Refers to amount previously restructured during 1980–82.

Table 37.Amounts of Medium- and Long-Term Bank Debt Restructured, 1983–85(In billions of U.S. dollars)
198319841985
Argentina13.4001
Bolivia(0.309)2
Brazil4.4524.846(46.500)3
Chile2.1696.0074
Costa Rica0.7090.4404
Côte d’Ivoire0.501
Dominican Republic0.5000.7871,6,7
Ecuador1.8354.2601,6
Guyana(0.024)2(0.071)2
Honduras0.3684
Jamaica0.1640.1956
Liberia(0.035)5
Madagascar0.195
Malawi0.057
Mexico18.80048.7006,8(0.950)2
Morocco0.5484
Mozambique(1.400)5
Nicaragua0.145(0.120)5
Niger0.026
Nigeria1.935
Panama0.602
Peru0.3800.4604
Philippines2.1881,9
Romania0.567
Senegal0.0780.020
Sierra Leone0.025
Sudan0.79090.83810
Togo0.084
Uruguay0.216(0.104)2(0.234)2
Venezuela21.2031,6
Yugoslavia0.9501.2503.6004,6
Zaïre(0.058)2(0.064)2(0.061)2
Zambia0.0734
Total33.4441198.2191212.70013
Note: Figures in parentheses are not included in the totals.Sources: Restructuring agreements; and Fund staff estimates.

Agreement in principle, signed in 1985.

Deferment agreement.

Multiyear rescheduling under negotiation in 1985, but no longer in process.

Agreement in principle.

In process, or requested by the national authorities.

Multiyear rescheduling agreement (MYRA).

Consists of MYRA for maturities of $707 million falling due in 1985–89 and rescheduling of $79.8 million of arrears at end-1984.

Agreement in principle; final agreements were signed in 1984 and 1985 and consist of $5 billion in the form of the syndicated credit raised in 1983, $20.1 billion of public medium - and long-term debt not previously rescheduled falling due during 1985–90; $5.8 billion in the form of public medium- and long-term debt previously rescheduled falling due in 1987, and of $17.8 billion in the form of public medium- and long-term debt previously rescheduled falling due during 1988–90.

Including rescheduling of $1,213 million in medium- and long-term public debt, $159 million in medium- and long-term private financial sector debt and $816 million medium- and long-term corporate.

Modification of 1981 agreement.

Excluding $391 million in deferments.

Excluding $239 million in deferments.

Excluding $48,055 million of debt rescheduling that was under negotiation and $1,245 million in deferments.

Note: Figures in parentheses are not included in the totals.Sources: Restructuring agreements; and Fund staff estimates.

Agreement in principle, signed in 1985.

Deferment agreement.

Multiyear rescheduling under negotiation in 1985, but no longer in process.

Agreement in principle.

In process, or requested by the national authorities.

Multiyear rescheduling agreement (MYRA).

Consists of MYRA for maturities of $707 million falling due in 1985–89 and rescheduling of $79.8 million of arrears at end-1984.

Agreement in principle; final agreements were signed in 1984 and 1985 and consist of $5 billion in the form of the syndicated credit raised in 1983, $20.1 billion of public medium - and long-term debt not previously rescheduled falling due during 1985–90; $5.8 billion in the form of public medium- and long-term debt previously rescheduled falling due in 1987, and of $17.8 billion in the form of public medium- and long-term debt previously rescheduled falling due during 1988–90.

Including rescheduling of $1,213 million in medium- and long-term public debt, $159 million in medium- and long-term private financial sector debt and $816 million medium- and long-term corporate.

Modification of 1981 agreement.

Excluding $391 million in deferments.

Excluding $239 million in deferments.

Excluding $48,055 million of debt rescheduling that was under negotiation and $1,245 million in deferments.

Table 38.Short-Term Debt Rolled Over or Converted Into Medium-Term Loans, 1983–85(In billions of U.S. dollars)
198319841985
Argentina
Trade credit and deposit facility0.5000.500
Stand-by money market facility1.4001.400
Trade credit maintenance facility1.20011.2001
Brazil
Interbank exposure6.0006.0006.000
Trade-related9.8009.8009.800
Chile
Trade-related1.7001.7001.7001,2
Nontrade-related1.1601.16011.1601
Costa Rica
New revolving trade facility0.2020.20210.2022
Increase in revolving trade facility0.0752
Ecuador
Trade-related credits0.7000.7000.700
Madagascar
Short-term debt0.11710.1171
Mexico
Interbank exposure5.2005.2005.200
Morocco
Short-term debt0.7500.750
Panama
Money-market facility0.133
Trade-related facilities0.084
Peru
Short-term working capital1.2000.9650.965
Short-term trade-related credit lines0.8000.8000.800
Philippines
Short-term debt of:
Public sector1.4321,21.4321,2
Private financial sector1.5161,21.5161,2
Corporate sector0.4171,20.4171,2
Revolving trade facility2.9441,22.9441,2
Uruguay
Nontrade-related credits0.35910.35910.3591
Treasury notes outstanding0.0840.1280.171
Yugoslavia
Revolving trade facility0.6000.6000.600
Nontrade-related facility0.2000.2000.200
——————
Total28.04938.09038.425
Sources: Restructuring agreements; and Fund staff estimates.

Converted into medium-term debt.

Agreement in principle with Steering Committee.

Sources: Restructuring agreements; and Fund staff estimates.

Converted into medium-term debt.

Agreement in principle with Steering Committee.

Table 39.Concerted Lending: Commitments and Disbursements, 1983–851(In millions of U.S. dollars)
198319841985
CommitmentsDisbursementsCommitmentsDisbursementsCommitmentsDisbursements
Argentina
Medium-term loan1,5005003,70021,700
Trade deposit facility5002500
Brazil
Medium-term loan4,4004,4006,5006,500
Chile
Medium-term loan1,3001,300780780785520
Cofinancing arrangement with the World Bank3001943
Colombia
Medium-term loan1,000
Costa Rica
Medium-term loan75
Côte d’Ivoire
Medium-term loan104104
Ecuador
Medium-term loan431431
Mexico
Medium-term loan5,0005,0003,8002,850950
Panama
Medium-term loan60
Peru
Medium-term loan450250100
Philippines
Medium-term loan9252400
Uruguay
Medium-term loan240240
Yugoslavia
Medium-term loan600600
————————————
Total13,92112,72116,20510,2302,3244,368
Sources: Restructuring agreements; and Fund staff estimates.

These data exclude bridging loans.

Agreed in principle with Steering Committee.

Fifty percent guaranteed by the World Bank.

Sources: Restructuring agreements; and Fund staff estimates.

These data exclude bridging loans.

Agreed in principle with Steering Committee.

Fifty percent guaranteed by the World Bank.

Table 40.Terms and Conditions of Bank Debt Restructurings and Bank Financial Packages, 1978–85
Table 41.World Bank Cofinancing of B-Loans by Fiscal Year of Signing(In millions of U.S. dollars)
(In millions of U.S. dollars)
(In millions of U.S. dollars)
Table 42.International Bonds, by Type, 1981–84(In percent of total)
1981198219831984
International bonds
Straight66766452
Floating rate notes22202534
Convertibles931010
Zero coupon3114
Swiss franc bonds
Foreign straight and floating rate notes85877472
Foreign convertibles15132628
Sources: Organization for Economic Cooperation and Development, Financial Market Trends; and Salomon Brothers, Inc., International Bond and Money Market Performance.
Sources: Organization for Economic Cooperation and Development, Financial Market Trends; and Salomon Brothers, Inc., International Bond and Money Market Performance.
Table 43.Maturity Profile of International Bonds, 1981–84(In percent)
0–5 Years6–10 YearsOver 10 Years
Currency of Denomination198119821983198419811982198319841981198219831984
U.S. dollar252014205459603721212642
Canadian dollar352117245879806070316
Deutsche mark12111213828183816856
Japanese yen02022469767576292423
Pound sterling41321715227404257414242
Swiss franc32364144645054524454
Netherlands guilder37393034354854492813517
Source: Salomon Brothers, Inc., International Bond and Money Market Performance.
Source: Salomon Brothers, Inc., International Bond and Money Market Performance.
Table 44.Interest Rates on International Markets, December 1983-Second Quarter 1985(In percent)
198319841985
Dec.First quarterSecond quarterThird quarterFourth quarterFirst quarterSecond quarter
Eurocurrency markets1
U.S. dollars in London10.1410.0811.4011.889.788.988.19
Sterling in London9.419.256.1011.1810.1612.9612.62
Swiss francs in London4.373.602.514.885.095.545.25
Deutsche marks in London6.275.863.875.675.746.025.68
Netherlands guilders in London6.286.074.096.366.026.696.83
French francs in London13.2514.768.7111.6811.1710.9710.45
Japanese yen in London6.656.384.196.356.346.396.31
International bond markets2
Dollar-denominated bonds:3
4- to 7-year maturity12.2412.4513.1713.2212.5412.0011.18
7- to 15-year maturity12.4912.3813.2313.2612.2511.9511.47
Deutsche mark-denominated bonds:3
3- to 7-year maturity8.307.907.938.077.437.637.37
7- to 15-year maturity8.207.938.078.177.607.737.47
Netherlands guilder denominated notes:
3 or more years maturity8.318.138.098.127.457.547.37
French franc-denominated bonds:
3- to 7-year maturity13.1913.0313.1612.6511.7011.5211.74
Source: Organization for Economic Cooperation and Development, Financial Statistics Monthly.

Three-month deposits.

Secondary market yields.

Average of yields on bonds of international organizations, public sector, and private corporations.

Source: Organization for Economic Cooperation and Development, Financial Statistics Monthly.

Three-month deposits.

Secondary market yields.

Average of yields on bonds of international organizations, public sector, and private corporations.

Table 45.Inflation, Interest Rate, and Exchange Rate Experience of Selected Financial Market Countries, 1970–84(In percent)
1970–751976–801981–84
MeanStandard DeviationMeanStandard DeviationMeanStandard Deviation
United States
Rate of inflation as measured by the rate of change in:
Consumer price index6.62.98.93.36.03.1
GNP deflator6.42.17.31.75.82.8
Nominal treasury bill interest rate5.91.57.82.910.72.4
Nominal long-term treasury bond interest rate7.10.98.91.512.61.0
Real treasury bill rate1−0.40.54.7
Real treasury bond rate10.61.66.5
United Kingdom
Rate of inflation as measured by the rate of change in:
Consumer price index12.16.914.43.87.53.4
GDP deflator12.47.814.83.25.94.8
Rate of change of exchange rate ($/£)−1.23.21.612.8−12.90.8
Nominal treasury bill interest rate8.22.511.13.110.81.7
Nominal treasury bond interest rate11.22.713.30.812.31.9
Real treasury bill rate13.5−3.24.7
Real treasury bond rate1−0.8−1.36.1
Germany, Federal Republic of
Rate of inflation as measured by the rate of change in:
Consumer price index5.71.34.01.04.71.8
GNP deflator6.70.94.00.43.51.2
Rate of change of exchange rate (¥/$)−7.54.7−5.76.412.18.6
Nominal call money rate7.12.55.32.37.72.8
Nominal public authorities1 bond yield8.71.07.11.18.81.2
Real call money rate10.41.34.1
Real public bond yield11.93.15.1
Japan
Rate of inflation as measured by the rate of change in:
Consumer price index11.07.26.62.72.91.4
GNP deflator9.75.94.41.71.31.2
Rate of change of exchange rate (¥/$)−2.97.7−4.710.91.47.9
Nominal call money rate8.32.96.82.56.70.6
Nominal government bond yield7.81.17.81.27.70.8
Real call money rate1−1.12.35.4
Real government bond yield1−1.53.36.4
Switzerland
Rate of inflation as measured by the rate of change in:
Consumer price index7.02.12.31.44.51.8
Rate of change of exchange rate (Sw F/$)−8.26.1−7.810.49.06.8
Nominal government bond yield5.90.84.10.84.90.5
Real government bond yield1−1.01.80.4
Source: International Monetary Fund, International Financial Statistics.

The average real interest rate (r) is derived from the corresponding average nominal interest rate (i) and average rate of inflation (p) via 1 + r = (1 + i)/(1 + p). In all countries except Switzerland, p is the average rate of change in the GNP or GDP deflator. For Switzerland, p equals the average rate of change in the consumer price index.

Source: International Monetary Fund, International Financial Statistics.

The average real interest rate (r) is derived from the corresponding average nominal interest rate (i) and average rate of inflation (p) via 1 + r = (1 + i)/(1 + p). In all countries except Switzerland, p is the average rate of change in the GNP or GDP deflator. For Switzerland, p equals the average rate of change in the consumer price index.

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