Zambia - 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 Zambia was 59.01 as of 2010. As the graph below shows, over the past 40 years this indicator reached a maximum value of 80.44 in 2004 and a minimum value of 10.53 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. 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 42.85
1971 11.87
1972 11.98
1973 11.89
1974 29.79
1975 10.53
1976 17.74
1977 24.36
1978 33.71
1979 21.58
1980 22.87
1981 14.33
1982 30.13
1983 39.79
1984 19.12
1985 66.14
1986 25.94
1987 55.17
1988 32.78
1989 24.19
1990 14.45
1991 79.74
1992 74.31
1993 80.14
1994 65.64
1995 70.24
1996 70.00
1997 64.90
1998 80.20
1999 71.67
2000 80.39
2001 65.58
2002 61.38
2003 55.97
2004 80.44
2005 75.53
2006 67.46
2007 64.83
2008 76.78
2009 76.83
2010 59.01

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

The value for Average grant element on new external debt commitments, official (%) in Zambia was 59.01 as of 2010. As the graph below shows, over the past 40 years this indicator reached a maximum value of 82.27 in 2008 and a minimum value of 13.10 in 1971.

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 79.22
1971 13.10
1972 19.51
1973 26.25
1974 43.04
1975 33.37
1976 27.02
1977 39.75
1978 50.17
1979 28.22
1980 51.52
1981 30.24
1982 46.13
1983 43.46
1984 21.96
1985 66.89
1986 41.08
1987 58.47
1988 44.50
1989 78.31
1990 24.80
1991 80.47
1992 76.39
1993 80.14
1994 70.58
1995 72.95
1996 70.00
1997 76.83
1998 80.20
1999 71.67
2000 80.39
2001 65.58
2002 61.38
2003 55.97
2004 80.44
2005 75.53
2006 67.46
2007 64.83
2008 82.27
2009 76.83
2010 59.01

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

The value for Average grant element on new external debt commitments, private (%) in Zambia was 0.00 as of 2010. As the graph below shows, over the past 40 years this indicator reached a maximum value of 12.29 in 1994 and a minimum value of -14.92 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 12.10
1971 8.90
1972 10.43
1973 -9.34
1974 5.25
1975 4.30
1976 7.60
1977 1.36
1978 -2.85
1979 -5.51
1980 2.64
1981 -14.92
1982 -12.89
1983 -0.66
1984 1.70
1985 -0.30
1986 -2.21
1987 -2.04
1988 8.53
1989 -4.03
1990 -4.05
1991 2.64
1992 8.14
1993 0.00
1994 12.29
1995 -3.70
1996 0.00
1997 8.76
1998 0.00
1999 0.00
2000 0.00
2001 0.00
2002 0.00
2003 0.00
2004 0.00
2005 0.00
2006 0.00
2007 0.00
2008 12.08
2009 0.00
2010 0.00

Classification

Topic: Economic Policy & Debt Indicators

Sub-Topic: External debt