Philippines - 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 Philippines was 42.33 as of 2010. As the graph below shows, over the past 40 years this indicator reached a maximum value of 44.55 in 2008 and a minimum value of -2.91 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 11.64
1971 30.79
1972 26.71
1973 28.60
1974 18.67
1975 19.00
1976 12.43
1977 12.84
1978 16.28
1979 9.54
1980 4.09
1981 4.37
1982 -2.91
1983 10.66
1984 12.96
1985 7.74
1986 33.36
1987 31.99
1988 35.70
1989 30.80
1990 28.18
1991 36.37
1992 25.51
1993 27.44
1994 38.48
1995 39.71
1996 24.83
1997 34.21
1998 30.11
1999 26.32
2000 19.63
2001 25.16
2002 23.51
2003 18.18
2004 14.10
2005 17.43
2006 19.19
2007 36.58
2008 44.55
2009 28.95
2010 42.33

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

The value for Average grant element on new external debt commitments, official (%) in Philippines was 67.08 as of 2010. As the graph below shows, over the past 40 years this indicator reached a maximum value of 67.08 in 2010 and a minimum value of 11.88 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. 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 14.99
1971 30.82
1972 29.75
1973 30.37
1974 30.37
1975 27.22
1976 17.33
1977 17.48
1978 32.44
1979 32.70
1980 22.11
1981 16.38
1982 11.88
1983 18.65
1984 17.55
1985 16.22
1986 33.95
1987 33.31
1988 39.81
1989 30.94
1990 36.84
1991 41.49
1992 26.43
1993 36.65
1994 43.92
1995 43.61
1996 35.44
1997 48.41
1998 42.69
1999 57.57
2000 51.43
2001 59.86
2002 65.02
2003 55.23
2004 50.67
2005 44.84
2006 28.77
2007 39.36
2008 52.29
2009 54.95
2010 67.08

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

The value for Average grant element on new external debt commitments, private (%) in Philippines was 35.87 as of 2010. As the graph below shows, over the past 40 years this indicator reached a maximum value of 35.87 in 2010 and a minimum value of -18.69 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. 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 6.40
1971 3.40
1972 7.54
1973 5.20
1974 2.17
1975 9.94
1976 8.48
1977 7.88
1978 3.74
1979 -3.35
1980 -17.33
1981 -17.13
1982 -18.69
1983 0.32
1984 0.94
1985 4.13
1986 13.44
1987 6.96
1988 9.91
1989 27.19
1990 4.14
1991 12.45
1992 20.34
1993 10.20
1994 12.95
1995 19.10
1996 14.65
1997 15.27
1998 6.45
1999 7.53
2000 6.18
2001 12.65
2002 14.56
2003 14.83
2004 9.52
2005 11.80
2006 15.58
2007 32.54
2008 34.27
2009 20.21
2010 35.87

Classification

Topic: Economic Policy & Debt Indicators

Sub-Topic: External debt