Seychelles - 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 Seychelles was 51.33 as of 2010. As the graph below shows, over the past 30 years this indicator reached a maximum value of 51.33 in 2010 and a minimum value of 5.50 in 2006.

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
1980 17.77
1981 38.74
1982 21.27
1983 22.94
1984 10.73
1985 14.21
1986 27.44
1987 26.83
1988 21.22
1989 25.19
1990 34.93
1991 14.88
1992 15.49
1993 10.94
1994 17.38
1995 33.14
1996 23.64
1997 20.35
1998 11.44
1999 35.00
2000 27.27
2001 12.76
2002 9.58
2003 21.15
2004 15.37
2005 13.13
2006 5.50
2007 13.76
2008 12.93
2009 50.65
2010 51.33

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

The value for Average grant element on new external debt commitments, official (%) in Seychelles was 60.29 as of 2010. As the graph below shows, over the past 30 years this indicator reached a maximum value of 60.72 in 2009 and a minimum value of 0.00 in 2004.

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
1980 17.91
1981 45.76
1982 21.27
1983 25.59
1984 11.30
1985 15.82
1986 33.78
1987 48.38
1988 30.64
1989 33.53
1990 38.11
1991 15.23
1992 9.01
1993 20.73
1994 18.56
1995 33.14
1996 26.61
1997 20.35
1998 28.60
1999 41.42
2000 32.28
2001 41.39
2002 20.03
2003 38.12
2004 0.00
2005 46.05
2006 27.73
2007 29.76
2008 35.27
2009 60.72
2010 60.29

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

The value for Average grant element on new external debt commitments, private (%) in Seychelles was 46.17 as of 2010. As the graph below shows, over the past 30 years this indicator reached a maximum value of 46.17 in 2010 and a minimum value of -3.11 in 1993.

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
1980 5.75
1981 6.84
1982 0.00
1983 9.80
1984 10.29
1985 10.30
1986 10.73
1987 -1.41
1988 0.84
1989 -1.09
1990 -2.51
1991 14.54
1992 18.58
1993 -3.11
1994 6.55
1995 0.00
1996 5.71
1997 0.00
1998 3.23
1999 10.41
2000 18.34
2001 9.24
2002 6.57
2003 16.38
2004 15.37
2005 9.72
2006 3.27
2007 10.57
2008 6.22
2009 5.75
2010 46.17

Classification

Topic: Economic Policy & Debt Indicators

Sub-Topic: External debt