- G. Kincaid, K. Dillon, Maxwell Watson, and Chanpen Puckahtikom
- Published Date:
- October 1985
© 1985 International Monetary Fund
International Standard Serial Number: ISSN 0251-6365
International Standard Book Number: ISBN 0-939934-52-3
Price: US$7.50 (US$4.50 to university libraries, faculty members, and students)
Address orders to:
External Relations Department, Attention Publications International Monetary Fund, Washington, D.C. 20431
- Prefatory Note
- I. Approach To Resolving Debt-Servicing Difficulties
- II. Bank Debt Restructuring
- III. Official Debt Restructuring
- IV. Comparability of Treatment
- I. Country Groupings
- II. Glossary of Selected Terms
- III. Nonguaranteed Suppliers
- IV. Statistical Tables
- 5. International Lending to Developing Countries Through Banks and Bond Markets, 1973–84
- 6. Cross-Border Interbank Lending and Deposit Taking, 1982–84
- 7. International Bank Lending to Nonbanks and Deposit Taking from Nonbanks, 1982–84
- 8. Cross-Country Comparison of Components of External Assets and Liabilities, December 1984
- 9. Bank Debt of Selected Developing Countries, December 1984
- 10. International Bond Issues and Placements, 1978–84
- 11. Bank Debt Falling Due in the Next Year as a Percentage of Total Bank Debt, 1978–84
- 12. Bank Debt Falling Due in the Next Year as a Ratio of Total Claims on Banks, 1978–83
- 13. Undisbursed Commitments as a Percentage of Total Bank Debt, 1978–84
- 14. Capital-Asset Ratios of Banks in Selected Industrial Countries, 1977–83
- 15. Concerted Lending: Commitments and Disbursements, 1983–84
- 16. Short-Term Debt Rolled Over or Converted Into Medium-Term Loans, 1983–84
- 17. Terms and Conditions of Bank Debt Restructurings and Bank Financial Packages, 1978–June 1985
- 18. New Publicized Long-Term External Bank Credit Commitments to Developing Countries, 1979–84
- 19. External Assets of BIS Reporting Banks by Maturity and Undisbursed Credit Commitments, December 1980–December 1984
- 20. Terms on New Publicized Long-Term International Bank Credit Commitments, 1979–84
- 21. Average Repayment Terms for Current Interest Under Official Debt Restructurings, 1975–84
- 22. Average Repayment Terms for Current Principal Under Official Debt Restructurings, 1975–84
- 23. Average Repayment Terms for Current Maturities on Official Debt Restructurings, 1975–84
- 6. Creditor Countries and Number of Official Debt Restructuring Agreements Signed, 1975–84
- 7. Consolidation Periods of Official Debt Restructuring Agreements, 1975–84
- 8. Average Repayment Schedule of Official Multilateral Debt Restructurings, 1975–82 and 1983–84
- 9. Average Repayment Schedule Under Official Multilateral Debt Restructurings for Countries with Successive Reschedulings, 1983–84
The following symbols have been used throughout this paper:
… to indicate that data are not available;
— to indicate that the figure is zero or less than half the final digit shown, or that the item does not exist;
– between years or months (e.g., 1979–81 or January-June) to indicate the years or months covered, including the beginning and ending years or months;
/ between years (e.g., 1980/81) to indicate a crop or fiscal (financial) year.
“Billion” means a thousand million.
Minor discrepancies between constituent figures and totals are due to rounding.
This study was prepared by a staff team in the Exchange and Trade Relations Department of the International Monetary Fund under the direction of K. Burke Dillon, Chief, External Finance Division, and C. Maxwell Watson, Chief, International Capital Markets Division, with G. Russell Kincaid and Chanpen Puckahtikom, Assistant Division Chiefs.
Other principal contributors were Donal Donovan, Luis Duran-Downing, Eliot Kalter, Gumersindo Oliveros, and Bruno de Schaetzen. Peter Joyce and Cyrille Briancon assisted with the statistical material. Research assistance was provided by Can T. Demir and David Hicks. In addition, the study draws on material that had been prepared earlier by other staff of the Fund, especially Eduard Brau, Richard Williams, Peter Keller, and Michael Nowak. Information on the world economic outlook and on trends in capital flows to developing countries are based on material prepared by the Research Department of the Fund. Staff in other departments also provided valuable suggestions. The authors are grateful to the editors, Joslin Landell-Mills and Maxine Stough of the External Relations Department, for their efforts.
The present study was completed in June 1985, and reflects developments up to that time. While the paper has benefited from comments by members of the Executive Board and by other members of the staff of the Fund, opinions expressed are those of the authors and do not necessarily represent the views of Executive Directors or of other staff members.
It is to be noted that the term “country” used in this document does not, in all cases, refer to a territorial entity that is a state as understood by international law and practice. The term also covers some territorial entities that are not states, but for which statistical data are maintained and provided internationally on a separate independent basis.