Mozambique—Debt Service

Table 1. Mozambique: Debt Service on Public and Publicly Guaranteed Debt, 1995-2003
(In millions of U.S. dollars , unless otherwise indicated)
  1995 1996 1997 1998 1999 2000 2001 2002 2003

  1. Scheduled debt service
      (before debt relief)
  422.0   353.0   330.1   396.0   394.7   501.0   491.7   477.2   474.1
  2. Debt service due after
      Naples terms1
301.1 223.4 100.3 124.1 148.6 170.8 171.4 166.9 173.0
  3. Debt service paid before
      HIPC assistance2
111.7 131.2 96.7 ... ... ... ... ... ...
  4. Debt service paid after
      HIPC assistance
... ... ... 108.5 95.7 96.9 100.9 96.6 100.2
  5. Exports of goods and
      services (XGS)
406.9 479.3 513.1 635.7 713.3 767.2 922.2 1086.8 1187.9
  6. Debt service paid as a
      percentage of XGS3
27.5 27.4 18.8 17.1 13.4 12.6 10.9 8.9 8.4
 
  annual average
1995-98
annual average
2000-2003
 
  7. Scheduled debt service
      (before debt relief)
375.3 486.0
  8. Debt service due after Naples
      terms
188.2 170.5
  9. Debt service paid4 113.2   98.7
10. Debt service paid allowing for
      earlier HIPC relief5
  ...   92.9
11. Debt service paid as a
      percentage of XGS4
  23.3   10.2
12. Debt service due (after Naples
      terms) less debt service paid4
  74.0   71.8


Sources: Mozambican authorities; and IMF staff estimates
1Flow rescheduling on Naples terms from November 1996 onwards and assuming a stock of debt operation on Naples terms in mid-1999.
2Based on Naples terms flow rescheduling.
3Before HIPC assistance from 1995-97 (line 3); after HIPC assistance from 1998-2003 (line 4).
4Before HIPC assistance in 1995-98; after HIPC assistance in 2000-2003.
5The Paris Club provided additional debt relief of US$ 23 million (in NPV terms) from 1997-99 as part of its HIPC assistance. This is assumed to be used to reduce debt service from 2000-2003.

Mozambique—Debt Service