Papua New Guinea - Average grant element on new external debt commitments

Average grant element on new external debt commitments (%)

The value for Average grant element on new external debt commitments (%) in Papua New Guinea was 76.97 as of 2010. As the graph below shows, over the past 40 years this indicator reached a maximum value of 78.65 in 2007 and a minimum value of -14.57 in 1982.

Definition: The grant element of a loan is the grant equivalent expressed as a percentage of the amount committed. It is used as a measure of the overall cost of borrowing. To obtain the average, the grant elements for all public and publicly guaranteed loans have been weighted by the amounts of the loans. The grant equivalent of a loan is its commitment (present) value, less the discounted present value of its contractual debt service; conventionally, future service payments are discounted at 10 percent. Commitments cover the total amount of loans for which contracts were signed in the year specified. Public debt is an external obligation of a public debtor, including the national government, a political subdivision (or an agency of either), and autonomous public bodies. Publicly guaranteed debt is an external obligation of a private debtor that is guaranteed for repayment by a public entity. Data for private nonguaranteed debt are not available.

Source: World Bank, Global Development Finance.

See also:

Year Value
1970 25.38
1971 20.58
1972 42.93
1973 21.54
1974 13.30
1975 1.18
1976 28.32
1977 35.09
1978 58.58
1979 10.62
1980 1.13
1981 -9.16
1982 -14.57
1983 14.17
1984 27.81
1985 8.11
1986 20.58
1987 36.13
1988 26.15
1989 23.58
1990 22.66
1991 36.03
1992 57.58
1993 31.27
1994 6.78
1995 23.24
1996 59.57
1997 32.89
1998 20.62
1999 31.43
2000 20.35
2001 35.54
2002 58.59
2003 0.00
2004 66.02
2005 0.00
2006 41.19
2007 78.65
2008 60.41
2009 67.60
2010 76.97

Average grant element on new external debt commitments, official (%)

The value for Average grant element on new external debt commitments, official (%) in Papua New Guinea was 76.97 as of 2010. As the graph below shows, over the past 40 years this indicator reached a maximum value of 78.65 in 2007 and a minimum value of 0.00 in 1975.

Definition: The grant element of a loan is the grant equivalent expressed as a percentage of the amount committed. It is used as a measure of the overall cost of borrowing. To obtain the average, the grant elements for all public and publicly guaranteed loans have been weighted by the amounts of the loans. The grant equivalent of a loan is its commitment (present) value, less the discounted present value of its contractual debt service; conventionally, future service payments are discounted at 10 percent. Commitments cover the total amount of loans for which contracts were signed in the year specified. Debt from official creditors includes loans from international organizations (multilateral loans) and loans from governments (bilateral loans). Loans from international organization include loans and credits from the World Bank, regional development banks, and other multilateral and intergovernmental agencies. Excluded are loans from funds administered by an international organization on behalf of a single donor government; these are classified as loans from governments. Government loans include loans from governments and their agencies (including central banks), loans from autonomous bodies, and direct loans from official export credit agencies.

Source: World Bank, Global Development Finance.

See also:

Year Value
1970 30.55
1971 22.06
1972 48.06
1973 54.60
1974 17.64
1975 0.00
1976 37.17
1977 53.45
1978 62.50
1979 57.53
1980 34.86
1981 64.60
1982 19.98
1983 27.21
1984 34.22
1985 16.43
1986 21.03
1987 37.75
1988 42.61
1989 42.21
1990 24.47
1991 40.70
1992 57.58
1993 31.29
1994 22.91
1995 23.24
1996 59.57
1997 32.89
1998 20.62
1999 31.43
2000 21.49
2001 33.84
2002 58.59
2003 0.00
2004 66.02
2005 0.00
2006 41.19
2007 78.65
2008 60.41
2009 67.60
2010 76.97

Average grant element on new external debt commitments, private (%)

The value for Average grant element on new external debt commitments, private (%) in Papua New Guinea was 0.00 as of 2010. As the graph below shows, over the past 40 years this indicator reached a maximum value of 39.00 in 2001 and a minimum value of -37.93 in 1981.

Definition: The grant element of a loan is the grant equivalent expressed as a percentage of the amount committed. It is used as a measure of the overall cost of borrowing. To obtain the average, the grant elements for all public and publicly guaranteed loans have been weighted by the amounts of the loans. The grant equivalent of a loan is its commitment (present) value, less the discounted present value of its contractual debt service; conventionally, future service payments are discounted at 10 percent. Commitments cover the total amount of loans for which contracts were signed in the year specified. Debt from private creditors include bonds that are either publicly issued or privately placed; commercial bank loans from private banks and other private financial institutions; and other private credits from manufacturers, exporters, and other suppliers of goods, and bank credits covered by a guarantee of an export credit agency.

Source: World Bank, Global Development Finance.

See also:

Year Value
1970 18.01
1971 19.11
1972 24.65
1973 15.24
1974 11.28
1975 1.18
1976 4.65
1977 2.45
1978 17.71
1979 -9.37
1980 -25.11
1981 -37.93
1982 -32.09
1983 -1.97
1984 4.15
1985 4.29
1986 17.64
1987 5.66
1988 4.91
1989 6.56
1990 13.45
1991 6.97
1992 0.00
1993 31.25
1994 4.92
1995 0.00
1996 0.00
1997 0.00
1998 0.00
1999 0.00
2000 10.90
2001 39.00
2002 0.00
2003 0.00
2004 0.00
2005 0.00
2006 0.00
2007 0.00
2008 0.00
2009 0.00
2010 0.00

Classification

Topic: Economic Policy & Debt Indicators

Sub-Topic: External debt