Financial systems and development

Table 25. Terms of external public borrowing
Public loans tir
Average interest Average Average variable interest rates,
Commitments rate matunty graceperiod as a percentage
(millions ofdollars) (percent) (sears) (years) ofpublic debt
1970 1987 1970 1987 1970 1987 1970 1987 1970 1987
Low-income economies .. 31,171t .. 5.1 w .. 23 w .. 7 w . 17.8 w
China and India .. 17,141 t . 6.2 w . . 19 w . . 5 w .. 19.0 w
Other low-income 3,360 t 14,030 t 3.2 w 3.7 w 29 w 29 w 9 w 8 w 0.2 w 17.4 w
I Ethiopia 21 561 4.4 4.4 32 24 7 6 0.0 5.8
2 Bhutan .. 13 . 1.0 . 40 . 10 . 0.0
3 Chad 10 116 5.7 1.3 8 34 1 8 0.0 0.1
4 Zaire 258 431 6.5 1.1 13 38 4 9 0.0 5.3
5 Bangladesh 0 1,009 0.0 1.1 0 42 0 10 0.0 0.0
6 Malawi 14 117 3.8 0.9 29 47 6 10 0.0 2.7
7 Nepal 17 163 2.8 0.9 27 45 6 10 0.0 0.8
8 Lao PDR 12 114 3.0 0.5 28 42 4 26 0.0 0.0
9 Mozambique .. .. .. .. .. .. .. ..
10 Tanzania 284 201 1.2 1.2 39 32 11 10 1.6 2.5
11 Burkina Faso 9 74 2.3 2.9 36 24 8 8 0.0 0.4
12 Madagascar 23 293 2.3 1.5 39 42 9 9 0.0 7.8
13 Mali 34 63 1.1 2.4 25 33 9 7 0.0 0.3
14 Burundi 1 30 2.9 2.2 5 35 2 9 0.0 0.0
15 Zambia 557 267 4.2 3.0 27 28 9 9 0.0 14.7
16 Niger 19 131 1.2 1.1 40 40 8 9 0.0 11.0
17 Uganda 12 248 3.8 2.5 28 29 7 7 0.0 0.0
18 China .. 9,210 . . 6.6 .. 15 .. 4 .. 28.2
19 Somalia 2 154 0,0 1.1 4 41 4 10 0.0 0.9
20 Togo 3 48 4.6 1.5 17 40 4 10 0.0 4.2
21 India 954 7,931 2.5 5.7 34 23 8 7 0.0 13.1
22 Rwsanda 9 107 0.8 1.6 50 39 11 9 0.0 0.0
23 Sierra Leone 25 0 2.9 0.0 27 0 6 0 10.6 0.6
24 Benin 7 76 1.8 1.0 32 45 7 10 0.0 3.7
25 Central African Rep. 7 21 2.0 1.2 36 38 8 10 0.0 0.0
26 Kenya 50 286 2.6 1.4 37 37 8 10 0.1 4.0
27 Sudan 95 249 1.8 1.7 17 31 9 8 0.0 1.1
28 Pakistan 951 1.620 2.8 3.7 32 28 12 8 0.0 5.5
29 Haiti 5 182 4.8 1.4 10 37 1 9 0.0 1.3
30 Lesotho 0 42 5.0 3.1 25 29 2 7 0.0 1.2
31 Nigeria 65 78 6.0 7.2 14 18 4 5 2.7 49.5
32 Ghana 51 630 2.0 1.9 37 29 10 8 0.0 5.7
33 SriLanka 81 340 3.0 3.0 27 32 5 9 0.0 6.1
34 Yemen, PDR 63 209 0.0 2.7 21 25 11 8 0.0 0.0
35 Mauritania 7 124 6.0 1.0 11 45 3 10 0.0 6.7
36 Indonesia 520 5,262 2.6 6.1 35 20 9 7 0.0 26.2
37 Liberia 12 10 6.6 2.8 19 40 5 10 0.0 10.7
38 Afghanistan .. .. .. .. .. .. .. ..
39 Burtna 48 383 4.1 1.8 16 36 5 10 0.0 0.8
40 Guinea 68 164 2.9 2.4 13 40 5 9 0.0 10.6
41 Kampuchea, Dem. .. .. .. .. .. .. .. ..
42 VietVam .. .. .. .. .. .. .. ..
Middle-income economies 8,139 t 53,599 t 6.2w 7.2w 16w 13w 4w Sw 2.8w 53.1w
Lower-middle-income 4,284 t 32,238 t 5.8 w 6.9 w 18 w 15 w 5 w 5 w 1.5 w 46.2 w
43 Senegal 7 443 3.8 3.3 23 32 7 8 0.0 4.1
44 Bolivia 24 301 1.9 6.7 48 26 4 6 0.0 29.1
45 Zimbabwe .. 410 . . 7.6 . . 12 .. 4 0.0 26.6
46 Philippines 171 1.182 7.3 5.4 12 22 2 6 0.8 48.2
47 Yemen Arab Rep. . . 74 . . 2.2 . . 29 . . 8 . . 3.2
48 Morocco 187 1,425 4.6 7.8 20 19 3 5 0.0 31.1
49 Egypt, Arab Rep. 704 589 5.3 5.6 21 31 8 7 0.0 2.0
50 Papua New Guinea 91 258 6.4 4.0 22 21 8 6 0.0 31.9
51 Dominican Rep. 20 172 2.4 7.3 28 19 5 4 0.0 25.8
52 Ctecd'lvoire 71 490 5.8 6.6 19 18 5 6 9.1 51.4
53 Honduras 23 265 4.1 5.5 30 23 7 6 0.0 18.2
54 Nicaragua 23 350 7.1 4.1 18 17 4 4 0.0 22.1
55 Thailand 106 846 6.8 5.3 19 20 4 7 0.0 31.9
56 El Salvador 12 221 4.7 5.1 23 26 6 7 0.0 5.7
57 Congo, People's Rep. 31 258 2.8 7.8 17 15 6 4 0.0 40.4
58 Jamaica 24 369 6.0 6.8 16 15 3 3 0.0 25.3
59 Guatemala 50 189 3.7 4.7 26 27 6 7 10.3 30.9
60 Cameroon 42 412 4.7 6.5 29 18 8 5 0.0 5.9
61 Paraguay 14 150 5.7 5.9 25 21 6 5 0.0 13.7
62 Ecuador 78 1,045 6.2 7.3 20 17 4 4 0.0 68.9
63 Botswana 38 34 0.6 5.2 39 38 10 8 0.0 12.8
64 Tunisia 144 667 3.5 7.3 27 15 6 5 0.0 16.8
65 Turkey 484 6,287 3.6 6.7 19 11 5 4 0.9 31.8
66 Colombia 363 700 6.0 8.4 21 11 5 3 0.0 40.9
67 Chile 361 1,011 6.8 7.9 12 14 4 4 0.0 79.1
Note. For data comparability and coverage, see the technical notes. Figures in italics are for years other than those specified.
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