International Debt statistic 2013
.pdfInternational Debt Statistics 2013
International Debt Statistics 2013
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Attribution—Please cite the work as follows: World Bank. 2013. International Debt Statistics 2013. Washington, DC: World Bank. doi: 10.1596/978-0-8213-9787-9. License: Creative Commons Attribution CC BY 3.0
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ISBN (paper): 978-0-8213-9787-9
ISBN (electronic): 978-0-8213-9788-6
DOI: 10.1596/978-0-8213-9787-9
Table of Contents
Preface
Acknowledgments
Overview
I.Developing Countries’ Debt Stocks and Flows, 2011
II.Recent Trends in Official and Private Debt Flows to Developing Countries
III. The Rapid Growth in Private
Sector External Debt
IV. External Debt Burden of Developing
Countries—Selected Indicators
V.Aggregate Net Capital Flows to Developing Regions
VI. Global Trends in External Debt and Public Sector Debt
Annex A: World Bank External and Public Debt Data
Annex B: Trends in IBRD and IDA Financing to Developing Countries, 2011
Summary Tables
Regional and Income Group
Aggregate Tables
Country Tables
Afghanistan
Albania
Algeria
Angola
Argentina
Armenia
Azerbaijan
Bangladesh
Belarus
Belize
Benin
Bhutan
vii |
Bolivia, Plurinational State of |
76 |
|
ix |
Bosnia and Herzegovina |
78 |
|
Botswana |
80 |
||
|
|||
1 |
Brazil |
82 |
|
|
Bulgaria |
84 |
|
2 |
Burkina Faso |
86 |
|
|
Burundi |
88 |
|
5 |
Cambodia |
90 |
|
|
Cameroon |
92 |
|
8 |
Cape Verde |
94 |
|
|
Central African Republic |
96 |
|
9 |
Chad |
98 |
|
|
Chile |
100 |
|
10 |
China |
102 |
|
|
Colombia |
104 |
|
13 |
Comoros |
106 |
|
|
Congo, Democratic Republic of |
108 |
|
15 |
Congo, Republic of |
110 |
|
|
Costa Rica |
112 |
|
16 |
Côte d’Ivoire |
114 |
|
19 |
Djibouti |
116 |
|
Dominica |
118 |
||
|
|||
|
Dominican Republic |
120 |
|
31 |
Ecuador |
122 |
|
Egypt, Arab Republic of |
124 |
||
|
|||
51 |
El Salvador |
126 |
|
52 |
Eritrea |
128 |
|
54 |
Ethiopia |
130 |
|
56 |
Fiji |
132 |
|
58 |
Gabon |
134 |
|
60 |
Gambia, The |
136 |
|
62 |
Georgia |
138 |
|
64 |
Ghana |
140 |
|
66 |
Grenada |
142 |
|
68 |
Guatemala |
144 |
|
70 |
Guinea |
146 |
|
72 |
Guinea-Bissau |
148 |
|
74 |
Guyana |
150 |
v
I N T E R N A T I O N A L D E B T S T A T I S T I C S 2 0 1 3
Haiti |
152 |
Rwanda |
240 |
|
Honduras |
154 |
Samoa |
242 |
|
India |
156 |
São Tomé and Príncipe |
244 |
|
Indonesia |
158 |
Senegal |
246 |
|
Iran, Islamic Republic of |
160 |
Serbia |
248 |
|
Jamaica |
162 |
Seychelles |
250 |
|
Jordan |
164 |
Sierra Leone |
252 |
|
Kazakhstan |
166 |
Solomon Islands |
254 |
|
Kenya |
168 |
Somalia |
256 |
|
Kosovo |
170 |
South Africa |
258 |
|
Kyrgyz Republic |
172 |
Sri Lanka |
260 |
|
Lao People’s Democratic Republic |
174 |
St. Lucia |
262 |
|
Latvia |
176 |
St. Vincent and the Grenadines |
264 |
|
Lebanon |
178 |
Sudan |
266 |
|
Lesotho |
180 |
Swaziland |
268 |
|
Liberia |
182 |
Syrian Arab Republic |
270 |
|
Lithuania |
184 |
Tajikistan |
272 |
|
Macedonia, Former Yugoslav |
|
Tanzania |
274 |
|
Republic of |
186 |
Thailand |
276 |
|
Madagascar |
188 |
Togo |
278 |
|
Malawi |
190 |
Tonga |
280 |
|
Malaysia |
192 |
Tunisia |
282 |
|
Maldives |
194 |
Turkey |
284 |
|
Mali |
196 |
Turkmenistan |
286 |
|
Mauritania |
198 |
Uganda |
288 |
|
Mauritius |
200 |
Ukraine |
290 |
|
Mexico |
202 |
Uruguay |
292 |
|
Moldova |
204 |
Uzbekistan |
294 |
|
Mongolia |
206 |
Vanuatu |
296 |
|
Montenegro |
208 |
Venezuela, República Bolivariana de |
298 |
|
Morocco |
210 |
Vietnam |
300 |
|
Mozambique |
212 |
Yemen, Republic of |
302 |
|
Myanmar |
214 |
Zambia |
304 |
|
Nepal |
216 |
Zimbabwe |
306 |
|
Nicaragua |
218 |
About the Data |
309 |
|
Niger |
220 |
|||
Data Sources |
309 |
|||
Nigeria |
222 |
|||
Methodology |
310 |
|||
Pakistan |
224 |
|||
External Debt and Its Components |
312 |
|||
Panama |
226 |
|||
Sources of the Macroeconomic Indicators |
315 |
|||
Papua New Guinea |
228 |
|||
|
|
|||
Paraguay |
230 |
Country Groups |
317 |
|
Peru |
232 |
|||
|
|
|||
Philippines |
234 |
Glossary |
319 |
|
Romania |
236 |
|
|
|
Russian Federation |
238 |
Users’ Guide |
323 |
vi
Preface
The World Bank’s Debtor Reporting System (DRS), from which the aggregates and country tables presented in this report are drawn, was
established in 1951. The debt crisis of the 1980s brought increased attention to debt statistics and to the World Debt Tables, the predecessor to International Debt Statistics (IDS). Now the global financial crisis has once again heightened awareness in developing countries of the importance of managing their external obligations. Central to this process is the measurement and monitoring of external debt stocks and flows in a coordinated and comprehensive way. The initial objective of the DRS was to support the World Bank’s assessment of the creditworthiness of its borrowers. It has since grown as a tool to inform developing countries and the international community of trends in external financing and as a standard for the concepts and definitions on which countries can base their own debt management systems.
Over the years, the external financing options available to developing countries have evolved and expanded, and so too has the demand for timely and relevant data to measure the activity of publicand private-sector borrowers and creditors. Recurrent debt crises caused by adverse global economic conditions or poor economic management have demanded solutions, including debt restructuring and, in the case of the poorest, most highly indebted countries, outright debt forgiveness, formulated on the basis of detailed and robust information on external obligations.
Steps are continuously being taken to ensure that the data captured by the DRS mirror these developments and respond to the needs of debt managers and analysts. In this context, reporting requirements are periodically amended to reflect changes in borrowing patterns. Many developing countries increasingly rely on financing raised in domestic markets, so we are exploring ways to expand the coverage of public sector borrowing in domestic markets. At the same time, we are mindful that expanded coverage and efforts to enhance data accuracy and timeliness must be balanced against the reporting burden imposed on developing countries. In partnership with the major providers of debt data management systems to developing countries, the Commonwealth Secretariat (COMSEC) and the United Nations Conference on Trade and Development (UNCTAD), we are working toward established standard code and system links that enable countries to provide their DRS reports electronically, in a seamless and automated data exchange process.
We recognize that robust debt data and good debt management go hand in hand, and the World Bank, together with its partners, is committed to improving the capacity of developing countries to manage their debt. We are also committed to maintaining the DRS as a rich source of information and welcome your comments and suggestions to ensure that it meets your needs.
Shaida Badiee
Director, Development Data Group
vii
Acknowledgments
his volume was prepared by the Financial |
DECDG; country economists reviewed the data |
TData Team of the Development Data Group |
tables. The work was carried out under the man- |
(DECDG), led by Ibrahim Levent under the |
agement of Shaida Badiee. Valuable advice was |
supervision of Neil James Fantom, and com- |
provided by Operations and Strategy unit of the |
prising Nanasamudd Chhim, Wendy Huang, |
Vice Presidency. |
Hiroko Maeda, Evis Rucaj, Rubena Sukaj, Sun |
The production of this volume was managed |
Hwa Song, Maryna Taran, Rasiel Vellos, and |
by Azita Amjadi and Alison Kwong. The online |
Alagiriswamy Venkatesan, working closely with |
database was prepared by Shelley Fu and William |
other teams in the Development Economics Vice |
Prince, with technical support from Ramgopal |
Presidency’s Development Data Group. The team |
Erabelly and Malarvizhi Veerappan. The cover |
was assisted by Elysee Kiti. The system support |
was designed by Jomo Tariku. Staff members from |
team was led by Abdolreza Farivari. The over- |
External Affairs, Office of the Publisher, coordi- |
view of current developments was prepared by |
nated the publication and dissemination of the |
Malvina Pollock in consultation with the staff of |
book. |
ix