Philippines PH: External Debt: Average Grant Element on New External Debt Commitments

Philippines PH: External Debt: Average Grant Element on New External Debt Commitments data was reported at 54.202 % in 2017. This records a decrease from the previous number of 58.546 % for 2016. Philippines PH: External Debt: Average Grant Element on New External Debt Commitments data is updated yearly, averaging 27.072 % from Dec 1970 (Median) to 2017, with 48 observations. The data reached an all-time high of 74.723 % in 2013 and a record low of -2.907 % in 1982. Philippines PH: External Debt: Average Grant Element on New External Debt Commitments data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Philippines – Table PH.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. 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.; ; World Bank, International Debt Statistics.; Weighted average;

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