Coming to Terms with Reality. Evaluation of the Belgian Debt Relief ...

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| 92 | Debt relief policy and practice by Belgium Table 3.3 Debt relief per type of intervention (in mio EUR) after compensations 88-95 96-99 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 Total % of total % of total % of total % of total 1. DR by ONDD in Paris Club 58.78 127.11 3.89 26.67 158.73 664.79 148.85 364.63 283.63 71.31 56.15 61.11 2,025.65 72.13 21.10 54.98 81.32 2. DR by MINFIN 79.96 4.36 16.32 4.84 13.36 1.19 0.67 16.01 52.49 94.04 9.26 0.02 292.53 10.42 28.71 1.88 9.20 in Club of Paris 79.96 0.41 0.09 0.49 11.39 0.17 0.67 16.01 52.49 94.04 0.74 0.02 256.48 9.13 28.71 0.18 7.78 HIPC Trust Fund 0.00 3.94 16.23 4.35 1.97 1.02 0.00 0.00 0.00 0.00 8.53 0.00 36.05 1.28 0.00 1.70 1.42 INTERVENTIONS by DGD 139.80 103.69 44.61 17.62 40.82 13.64 25.01 13.97 9.86 12.83 32.31 35.87 490.03 17.45 50.19 44.85 10.90 3.IDA DRF contributions 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 4.HIPC Trust Fund 0.00 0.00 2.48 5.45 0.00 0.00 5.40 0.00 7.23 7.23 12.67 14.98 55.43 1.97 0.00 0.00 2.45 contributions IADB 0.00 0.00 0.00 0.00 0.00 0.00 0.90 0.00 0.00 0.00 0.00 0.00 0.90 0.03 0.00 0.00 0.04 EDF 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 3.88 3.88 0.14 0.00 0.00 0.17 IMF PRGF 0.00 0.00 0.00 0.00 0.00 0.00 4.50 0.00 0.00 0.00 0.00 0.00 4.50 0.16 0.00 0.00 0.20 WADB 0.00 0.00 2.48 5.45 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 7.93 0.28 0.00 0.00 0.35 Other 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 7.23 7.23 12.67 11.10 38.22 1.36 0.00 0.00 1.69 5.MDRI contributions 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.93 5.60 6.01 7.25 19.80 0.70 0.00 0.00 0.87 IDA 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 4.33 5.75 5.81 15.89 0.57 0.00 0.00 0.70 AfDF 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.93 1.27 0.26 1.44 3.91 0.14 0.00 0.00 0.17 6. Arrears clearance 0.00 0.00 0.00 0.00 0.00 0.00 5.98 0.00 0.00 0.00 0.00 0.00 5.98 0.21 0.00 0.00 0.26 contributions 7. Debt swaps by DGD 104.74 59.80 42.13 0.00 4.46 0.00 0.00 0.00 0.00 0.00 0.00 0.00 211.13 7.52 37.60 25.86 2.06 Autonomous debt swaps 21.94 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 21.94 0.78 7.88 0.00 0.00 Induced debt swaps (1991 82.80 59.80 42.13 0.00 4.46 0.00 0.00 0.00 0.00 0.00 0.00 0.00 189.19 6.74 29.73 25.86 2.06 agreement) 8. Compensations 35.06 43.89 0.00 12.17 36.36 13.64 13.64 13.97 1.69 0.00 13.64 13.64 197.70 7.04 12.59 18.98 5.25 to ONDD 35.06 43.89 0.00 12.17 15.10 13.64 13.64 13.64 1.17 0.00 13.64 13.64 175.59 6.25 12.59 18.98 4.27 to MINFIN 0.00 0.00 0.00 0.00 21.25 0.00 0.00 0.33 0.52 0.00 0.00 0.00 22.10 0.79 0.00 0.00 0.98 Total DR 278.53 231.22 48.59 44.78 210.93 678.60 174.53 394.61 345.98 178.18 89.20 97.01 2,808.21 100.00 100.00 100.00 100.00 Source: ONDD (Annex 3.2); MINFIN and DGD ODA database Coming to Terms with Reality Table 3.4 ODA per type of intervention (period 1988-2009; in mio EUR) 88-95 96-99 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 Total % of % of % of % of total total total total 88-09 88-95 96-99 00-09 1. DR by ONDD in Paris Club 181.29 201.11 45.35 48.68 185.91 664.79 162.48 378.56 284.80 71.31 69.79 74.75 2,368.83 90.20 93.39 92.62 89.86 of which: swaps 54.85 41.09 30.34 0.00 3.08 0.00 0.00 0.00 0.00 0.00 0.00 0.00 129.36 4.93 28.25 18.56 1.51 Paris Club compensati- 53.17 32.82 11.12 7.49 14.51 0.00 13.63 19.88 0.00 0.00 0.00 0.00 152.62 5.81 27.39 14.83 3.01 ons 2. DR by MINFIN 1.11 4.36 16.32 4.43 2.42 1.19 0.67 0.11 32.45 63.76 8.56 0.02 135.45 5.15 0.57 4.19 4.43 In Paris Club 1.11 0.41 0.09 0.08 -20.80 0.17 0.67 -0.22 32.45 63.76 0.03 0.02 77.78 2.96 0.00 1.78 1.45 of which: compensations 0.00 0.00 0.00 0.00 21.25 0.00 0.00 0.33 0.00 0.00 0.00 0.00 21.58 0.82 0.00 1.00 0.98 HIPC Trust Fund 0.00 3.94 16.23 4.35 1.97 1.02 0.00 0.00 0.00 0.00 8.53 0.00 36.05 1.37 0.57 1.02 2.25 INTERVENTIONS by DGD 11.74 15.92 10.35 12.15 1.38 0.00 8.40 0.00 8.16 12.83 18.67 22.23 121.84 4.65 6.05 4.19 4.27 3.IDA DRF contributions 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 4.HIPC Trust Fund contributions 0.00 0.00 2.48 5.45 0.00 0.00 5.40 0.00 7.23 7.23 12.67 14.98 55.43 2.11 0.00 0.00 2.51 IADB 0.00 0.00 0.00 0.00 0.00 0.00 0.90 0.00 0.00 0.00 0.00 0.00 0.90 0.03 0.00 0.00 0.04 EDF 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 3.88 3.88 0.15 0.00 0.00 0.18 IMF PRGF 0.00 0.00 0.00 0.00 0.00 0.00 4.50 0.00 0.00 0.00 0.00 0.00 4.50 0.17 0.00 0.00 0.20 WADB 0.00 0.00 2.48 5.45 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 7.93 0.30 0.00 0.00 0.36 other 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 7.23 7.23 12.67 11.10 38.22 1.46 0.00 0.00 1.73 5.MDRI contributions 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.93 5.60 6.01 7.25 19.80 0.75 0.00 0.00 0.90 IDA 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 4.33 5.75 5.81 15.89 0.61 0.00 0.00 0.72 AfDF 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.93 1.27 0.26 1.44 3.91 0.15 0.00 0.00 0.18 6. Arrears clearance contributions 0.00 0.00 0.00 0.00 0.00 0.00 3.00 0.00 0.00 0.00 0.00 0.00 3.00 0.11 0.00 0.00 0.14 7. Debt swaps by DGD 11.74 15.92 7.87 6.70 1.38 0.00 0.00 0.00 0.00 0.00 0.00 0.00 43.61 1.66 6.05 4.19 0.72 Autonomous debt swaps 7.17 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 7.17 0.27 3.69 0.00 0.00 Induced debt swaps (1991 agreement) 4.57 15.92 7.87 6.70 1.38 0.00 0.00 0.00 0.00 0.00 0.00 0.00 36.44 1.39 2.35 4.19 0.72 Total DR 194.14 221.38 72.03 65.26 189.71 665.98 171.55 378.68 325.41 147.90 97.02 97.01 2,626.08 100.00 100.00 100.00 100.00 Source: Authors’ calculation from DGD ODA database | 93 |
| 94 | Debt relief policy and practice by Belgium Table 3.5 ODA per recipient country (period 1988-2009; in mio EUR) 88-95 96-99 00-09 Total % of 88-95 % of 96-99 % of 00-09 HIPC Countries 143.95 212.94 1,472.79 1,829.68 74.15 96.19 66.63 Benin 1.80 11.51 0.00 13.31 0.93 5.20 0.00 Bolivia 57.37 27.45 11.45 96.28 29.55 12.40 0.52 Burkina Faso 2.48 0.00 0.00 2.48 1.28 0.00 0.00 Burundi 0.00 0.00 3.00 3.00 0.00 0.00 0.14 Cameroon 0.00 29.60 210.49 240.09 0.00 13.37 9.52 CAR 0.00 1.88 0.00 1.88 0.00 0.85 0.00 Comoros 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Congo Brazzaville 5.49 9.27 25.45 40.21 2.83 4.19 1.15 Congo DRC 0.00 0.00 992.19 992.19 0.00 0.00 44.88 Côte d’Ivoire 12.66 33.19 78.45 124.30 6.52 14.99 3.55 Ethiopia 5.48 5.73 12.50 23.71 2.82 2.59 0.57 Ghana 0.00 0.00 1.82 1.82 0.00 0.00 0.08 Guinée 5.13 0.92 4.46 10.51 2.64 0.42 0.20 Guinée-Bissau 0.00 2.03 2.69 4.72 0.00 0.92 0.12 Liberia 0.00 0.00 8.53 8.53 0.00 0.00 0.39 Madagascar 0.00 23.54 2.99 26.54 0.00 10.63 0.14 Mozambique 1.60 0.00 0.00 1.60 0.83 0.00 0.00 Niger 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Rwanda 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Sao Tomé 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Senegal 0.07 3.15 1.94 5.16 0.04 1.42 0.09 Sierra Leone 8.78 0.62 13.01 22.40 4.52 0.28 0.59 Tanzania 19.38 59.93 59.76 139.07 9.98 27.07 2.70 Togo 13.56 4.10 44.07 61.73 6.98 1.85 1.99 Zambia 10.15 0.00 0.00 10.15 5.23 0.00 0.00 Non-HIPC LICs 0.01 0.00 0.00 0.01 0.00 0.00 0.00 Kenya 0.01 0.00 0.00 0.01 0.00 0.00 0.00 Other 50.18 4.50 638.95 693.63 25.85 2.03 28.90 Bosnia-Herzegovina 0.00 3.40 0.00 3.40 0.00 1.53 0.00 Ecuador 5.34 0.00 0.00 5.34 2.75 0.00 0.00 Gabon 0.00 0.00 0.36 0.36 0.00 0.00 0.02 Guatemala 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Indonesia 0.00 0.00 0.10 0.10 0.00 0.00 0.00 Iraq 0.00 0.00 267.92 267.92 0.00 0.00 12.12 Nigeria 0.00 0.00 269.29 269.29 0.00 0.00 12.18 Pakistan 0.00 0.00 0.17 0.17 0.00 0.00 0.01 Peru 0.57 0.00 0.00 0.57 0.29 0.00 0.00 Serbia-Montenegro 0.00 0.00 68.20 68.20 0.00 0.00 3.09 Seychelles 0.00 0.00 1.41 1.41 0.00 0.00 0.06 Coming to Terms with Reality Table 3.5 ODA per recipient country (period 1988-2009; in mio EUR) 88-95 96-99 00-09 Total % of 88-95 % of 96-99 % of 00-09 Suriname 0.00 1.11 0.00 1.11 0.00 0.50 0.00 Vietnam 44.27 0.00 31.50 75.76 22.80 0.00 1.42 Multilateral 0.00 3.94 98.81 102.76 0.00 1.78 4.47 HIPC-MDRI earmarked 0.00 3.94 98.81 102.76 0.00 1.78 4.47 others 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Total 194.14 221.38 2,210.56 2,626.08 100.00 100.00 100.00 of which partner countries 143.94 164.83 1,096.84 1,405.60 74.14 74.46 49.62 non-partner countries 50.20 52.61 1,014.91 1,117.72 25.86 23.76 45.91 Source: Authors’ calculation from DGD ODA database This is purely an internal Belgian matter, which is not taken into account by the DAC 71 . How important is debt relief in total Belgian ODA? As can be seen in table 3.6., for the 2000-2009 period, the share of debt relief in total ODA ranges from 5.2% to an exceptional peak of 40.6% in 2003 (due to DRC). Also in 2006 and 2007, it is higher than 20%, due to the Iraq and Nigeria Paris Club agreements. A graphical representation of the swings over the years is added as Figure 3.2. Table 3.6 The share of debt relief (DR) in total Belgian ODA (in mio EUR and %; 2000-2009) 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 Total ODA 889.41 968.45 1,137.06 1,640.44 1,177.82 1,579.72 1,575.03 1,424.00 1,653.96 1,867.63 Total Debt Relief 72.03 65.26 189.71 665.98 171.55 378.68 325.41 147.90 97.02 97.01 Debt relief as share of ODA 8.10% 6.74% 16.68% 40.60% 14.57% 23.97% 20.66% 10.38% 5.87% 5.19% Debt relief by ONDD in Paris Club 34.23 41.19 171.40 664.79 148.85 358.68 284.80 71.31 69.79 74.75 Debt relief by ONDD as share of ODA 3.85% 4.25% 15.07% 40.52% 12.64% 22.71% 18.08% 5.00% 4.22% 4.00% Debt relief by MINFIN 16.32 4.43 -18.83 1.19 0.67 -0.22 32.45 63.76 8.56 0.02 Debt relief by MINFIN as share of ODA 1.84% 0.46% -1.66% 0.07% 0.06% -0.01% 2.06% 4.47% 0.52% 0.00% Interventions by DGD 21.47 19.64 37.15 0.00 22.03 20.21 8.16 12.83 18.67 22.23 Debt relief by DGD as share of ODA 2.41% 2.03% 3.27% 0.00% 1.87% 1.28% 0.52% 0.90% 1.13% 1.19% ODA/GNI 0.36% 0.37% 0.43% 0.60% 0.41% 0.53% 0.50% 0.43% 0.48% 0.55% DR/GNI 0.03% 0.02% 0.07% 0.24% 0.06% 0.13% 0.10% 0.04% 0.03% 0.03% Source: Authors’ calculation from DGD ODA database 71 In fact, along the same lines, strictly speaking the ODA of induced swaps is solely created by the swap operation done by DGD with the debtor country, not by the buyback between ONDD and DGD. | 95 |
Page 1 and 2: Main report Coming to Terms with Re
Page 3 and 4: | 2 | The Office of the Special Eva
Page 5 and 6: | 6 | List of abbreviations ODA Off
Page 7 and 8: | 10 | Executive Summary internatio
Page 9 and 10: | 14 | Executive Summary comprehens
Page 11 and 12: | 18 | Executive Summary instead of
Page 13 and 14: 1 Methodological approach of evalua
Page 15 and 16: | 26 | Methodological approach of e
Page 17 and 18: | 30 | International debt relief in
Page 41 and 42: | 78 | Debt relief policy and pract
Page 47: | 90 | Debt relief policy and pract
Page 53 and 54: | 102 | Debt relief policy and prac
Page 55 and 56: | 106 | Debt relief policy and prac
Page 57 and 58: | 110 | Case study Cameroon The spe
Page 59 and 60: | 114 | Case study Cameroon Table 4
Page 61 and 62: | 118 | Case study Cameroon The sec
Page 63 and 64: 5 General conclusions and recommend
Page 65 and 66: | 126 | General conclusions and rec
Page 67 and 68: | 130 | References Cassimon, D. and
Page 69 and 70: Annexes Coming to Terms with Realit
Page 71 and 72: | 138 | Annexes Annex 2.2: A note o
Page 73 and 74: | 142 | Annexes including forgiven
Page 75 and 76: | 146 | Annexes Annex 3.1: Cash bal
Page 77 and 78: | 150 | Annexes Restructuration Fin
Page 79 and 80: | 154 | Annexes Annex 3.3: Contribu
Page 81 and 82: | 158 | Annexes Coming to Terms wit
Page 83 and 84: | 162 | Annexes Figure 26 Gross Fix
Page 85 and 86: | 166 | Annexes We started out on t
Page 87 and 88: | 170 | Annexes and publicly guaran
Page 89 and 90: | 174 | Annexes 3 Debt Relief under
Page 91 and 92: | 178 | Annexes Figure 6 Bilateral
Page 93 and 94: | 182 | Annexes Source: BEAC This l
Page 95 and 96: | 186 | Annexes 4 Efficiency of the
Page 97 and 98: | 190 | Annexes 4.4 Implementation
Page 99 and 100:
| 194 | Annexes Our analysis sugges
Page 101 and 102:
| 198 | Annexes Figure 20 Total and
Page 103 and 104:
| 202 | Annexes The second group of
Page 105 and 106:
| 206 | Annexes 6 Impact on Economi
Page 107 and 108:
| 210 | Annexes The 2004 survey rep
Page 109 and 110:
| 214 | Annexes Figure 30 Debt serv
Page 111 and 112:
| 218 | Annexes evolution is in lin
Page 113 and 114:
| 222 | Annexes National Institute
Page 115:
Published by: Kingdom of Belgium Fe
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