Madagascar - Use of IMF credit (DOD, current US$)

The latest value for Use of IMF credit (DOD, current US$) in Madagascar was 956,302,300.00 as of 2020. Over the past 50 years, the value for this indicator has fluctuated between 956,302,300.00 in 2020 and 0.00 in 1970.

Definition: Use of IMF Credit: Data related to the operations of the IMF are provided by the IMF Treasurer’s Department. They are converted from special drawing rights into dollars using end-of-period exchange rates for stocks and average-over-the-period exchange rates for flows. IMF trust fund operations under the Enhanced Structural Adjustment Facility, Extended Fund Facility, Poverty Reduction and Growth Facility, and Structural Adjustment Facility (Enhanced Structural Adjustment Facility in 1999) are presented together with all of the IMF’s special facilities (buffer stock, supplemental reserve, compensatory and contingency facilities, oil facilities, and other facilities). SDR allocations are also included in this category. According to the BPM6, SDR allocations are recorded as the incurrence of a debt liability of the member receiving them (because of a requirement to repay the allocation in certain circumstances, and also because interest accrues). This debt item is introduced for the first time this year with historical data starting in 1999.

Source: World Bank, International Debt Statistics.

See also:

Year Value
1970 0.00
1971 0.00
1972 0.00
1973 0.00
1974 4,224,180.00
1975 16,741,010.00
1976 16,614,170.00
1977 19,034,510.00
1978 31,509,280.00
1979 27,197,600.00
1980 86,980,620.00
1981 116,673,900.00
1982 167,627,800.00
1983 165,900,900.00
1984 170,807,500.00
1985 184,180,200.00
1986 203,179,500.00
1987 238,366,100.00
1988 190,265,800.00
1989 165,318,700.00
1990 143,654,500.00
1991 126,830,500.00
1992 106,056,500.00
1993 92,080,710.00
1994 85,515,090.00
1995 72,673,010.00
1996 73,078,570.00
1997 69,448,590.00
1998 58,036,180.00
1999 89,318,830.00
2000 129,290,400.00
2001 151,616,900.00
2002 175,757,400.00
2003 200,906,100.00
2004 255,768,300.00
2005 239,980,100.00
2006 57,880,280.00
2007 73,212,980.00
2008 128,840,500.00
2009 284,484,800.00
2010 277,717,500.00
2011 273,375,600.00
2012 266,558,100.00
2013 256,338,400.00
2014 266,765,600.00
2015 281,217,400.00
2016 300,807,700.00
2017 439,937,900.00
2018 465,153,000.00
2019 545,183,100.00
2020 956,302,300.00

Development Relevance: External indebtedness affects a country's creditworthiness and investor perceptions. Nonreporting countries might have outstanding debt with the World Bank, other international financial institutions, or private creditors. Total debt service is contrasted with countries' ability to obtain foreign exchange through exports of goods, services, primary income, and workers' remittances. Debt ratios are used to assess the sustainability of a country's debt service obligations, but no absolute rules determine what values are too high. Empirical analysis of developing countries' experience and debt service performance shows that debt service difficulties become increasingly likely when the present value of debt reaches 200 percent of exports. Still, what constitutes a sustainable debt burden varies by country. Countries with fast-growing economies and exports are likely to be able to sustain higher debt levels.

Statistical Concept and Methodology: Data related to the operations of the IMF come from the IMF Treasurer's Department and are converted from special drawing rights (SDRs) into dollars using end-of-period exchange rates for stocks and average over the period exchange rates for converting flows. DOD refers to disbursed and outstanding debt; data are in current U.S. dollars. Data on external debt are gathered through the World Bank's Debtor Reporting System (DRS). Long term debt data are compiled using the countries report on public and publicly guaranteed borrowing on a loan-by-loan basis and private non guaranteed borrowing on an aggregate basis. These data are supplemented by information from major multilateral banks and official lending agencies in major creditor countries. Short-term debt data are gathered from the Quarterly External Debt Statistics (QEDS) database, jointly developed by the World Bank and the IMF and from creditors through the reporting systems of the Bank for International Settlements. Debt data are reported in the currency of repayment and compiled and published in U.S. dollars. End-of-period exchange rates are used for the compilation of stock figures (amount of debt outstanding), and projected debt service and annual average exchange rates are used for the flows. Exchange rates are taken from the IMF's International Financial Statistics. Debt repayable in multiple currencies, goods, or services and debt with a provision for maintenance of the value of the currency of repayment are shown at book value.

Aggregation method: Sum

Periodicity: Annual

Classification

Topic: Economic Policy & Debt Indicators

Sub-Topic: External debt