Factsheet--Mozambique--Debt Service

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

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