Debt stock reduction (current US$)
Definition: Debt stock reductions show the amount that has been netted out of the stock of debt using debt conversion schemes such as buybacks and equity swaps or the discounted value of long-term bonds that were issued in exchange for outstanding debt. It includes the effect of any financial operation that will reduce the debt stock other than debt stock restructuring, repayment of principal and debt forgiven. In particular, debt stock reduction will include the face value of debt bought back, the face value of debt swapped for equity (or ""nature"" or ""development""), any face value reduction that might result as the consequence of a bond exchange, and any face value reduction resulting from an exchange of debt for discount bonds. Data are in current U.S. dollars.
Description: The map below shows how Debt stock reduction (current US$) varies by country. The shade of the country corresponds to the magnitude of the indicator. The darker the shade, the higher the value. The country with the highest value in the world is Argentina, with a value of $6,473,912,000.00. The country with the lowest value in the world is São Tomé and Principe, with a value of $0.00.
Source: World Bank, Global Development Finance.