Somalia SO: External Debt: DOD: Stocks: Concessional

Somalia SO: External Debt: DOD: Stocks: Concessional data was reported at 1.296 USD bn in 2016. This records a decrease from the previous number of 1.524 USD bn for 2015. Somalia SO: External Debt: DOD: Stocks: Concessional data is updated yearly, averaging 1.503 USD bn from Dec 1970 to 2016, with 47 observations. The data reached an all-time high of 1.625 USD bn in 2011 and a record low of 70.112 USD mn in 1970. Somalia SO: External Debt: DOD: Stocks: Concessional data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Somalia – Table SO.World Bank: External Debt: Debt Outstanding, Debt Ratio and Debt Service. Concessional external debt conveys information about the borrower's receipt of aid from official lenders at concessional terms as defined by the Development Assistance Committee (DAC) of the OECD. Concessional debt is defined as loans with an original grant element of 25 percent or more. 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. 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. Loans from major regional development banks--African Development Bank, Asian Development Bank, and the Inter-American Development Bank--and from the World Bank are classified as concessional according to each institution's classification and not according to the DAC definition, as was the practice in earlier reports. Long-term debt outstanding and disbursed is the total outstanding long-term debt at year end. Long-term external debt is defined as debt that has an original or extended maturity of more than one year and that is owed to nonresidents and repayable in currency, goods, or services. Data are in current U.S. dollars.; ; World Bank, International Debt Statistics.; Sum;

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