Non-Oil Developing Countries: Current Account Financing
(In billions of U.S. dollars)
|Current account deficit||31||109||86||53||45||45|
|Relatively “stable/autonomous” financing flows||26||51||50||46||49||46|
|Long-term borrowing from official creditors1||13||24||24||25||26||21|
|Errors and omissions||−6||−14||−20||−12||−7||−7|
|Other flows, net||11||72||56||19||3||6|
|Use of reserves||−13||−4||5||−10||−16||−15|
|Other financing flows, net||24||76||52||29||19||21|
|Liabilities constituting foreign authorities’ reserves||2||1||1||−1||—||1|
|Use of Fund credit||1||6||7||10||7||2|
|Other net external borrowing2||19||66||37||18||18||18|
Not including monetary institutions.
Essentially net borrowing from private creditors. For the most recent period, amounts shown are likely to pertain almost exclusively to bank lending. However, relative to bank lending as measured from creditor-reported data, the estimates shown here net out changes in external assets held by private residents of the reporting (debtor) countries, and they exclude officially guaranteed export credits that are channeled to these countries through banks. In principle, the latter are recorded here as long-term borrowing from official creditors.