Annual Report 2010 - Ministry of Finance and Planning

Ministry of Finance and Planning Sri Lanka > Annual Report 2010Table 5.4 > Foreign Financing Utilization Rates ( % )Donor 2008 2009 2010Bilateral 22.6 22.4 27.4Japan 22.6 19.2 19.9China 22.9 38.3 46.7Germany 33.5 15.4 18.2France 13.6 18.4 42.1India 0.4 20.6 10.4Netherlands 0.3 59.3 60.3Korea 31.0 6.7 23.0Kuwait 23.7 13.7 10.6Denmark 32.0 45.1 42.4Saudi Fund 10.0 31.2 5.09USA 58.9 11.6 25.1Other bilateral 6.5 29.5 0.19Multilateral 24.9 30.4 21.8Asian Development Bank 21.1 21.2 23.8World Bank 29.0 40.9 20.3European Investment Bank 30.5 29.4 15.5UN Agencies 32.5 67.6 16.4Other Multilaterals 20.9 13.3 21.3Export Credit 11.7 26.0 46.0Overall 21.1 25.9 25.7Source: Department of External ResourcesExternal Debt StockThe government external debtstock as at 31st December 2010stood at USD 16.3 billion. This wasincreased by 21 percent or USD2.8 billion compared to the debtstock as at 31st December 2009.Of the total debt stock, 39 percentwas owed to the bilateral donors,37 percent to the multilateraldonor agencies and 12 percent tothe commercial borrowings. Thebalance 11 percent was owed to theexport credit agencies.Out of the total debt stock, 52percent will mature during the 10year period commencing from 2011and 35 percent will mature duringa 10 year period commencing from2021. The balance 13 percent willmature after 20 years.External DebtService PaymentThe total external debt servicepayment made for foreignfinanced developmentprojects in 2010 amountedto USD 842 million. Thisincluded a principal amountof USD 580 million and USD262 million of interest payments.251