Congo CG: External Debt: Average Grant Element on New External Debt Commitments: Private

Congo CG: External Debt: Average Grant Element on New External Debt Commitments: Private data was reported at 0.000 % in 2018. This stayed constant from the previous number of 0.000 % for 2017. Congo CG: External Debt: Average Grant Element on New External Debt Commitments: Private data is updated yearly, averaging 0.000 % from Dec 1970 to 2018, with 49 observations. The data reached an all-time high of 13.867 % in 1970 and a record low of -33.212 % in 1978. Congo CG: External Debt: Average Grant Element on New External Debt Commitments: Private data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Congo, Republic of – Table CG.World Bank.WDI: External Debt: Terms and Undisbursed Debt. 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.; ; World Bank, International Debt Statistics.; Weighted average;

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