Efforts
by
MOFEP
have
yielded
some
results.
External
debt-‐to-‐GDP
has
increased
from
about
16.98
percent
in
2006
to
about
24.66
percent
in
2007
and
further
to
about
22.67
percent
as
at
the
end
of
June
2008.
Details
of
external
debt
are
presented
in
Table
4.4.
Table
4.4:
External
Debt,
2003-‐2008
(US$
million;
end
of
period)
Items
2003
2004
Total
Multilateral
creditors
7,548.90
6,447.89
6,347.80
2,177.24
3,586.65
4,168.86
3.44
5,057.76
5,287.27
5,565.12
1,326.86
1,711.30
1,783.43
of
which
IMF
453.10
Bilateral
Creditors
446.83
2005
2006
2007
2008*
423.97
158.17
166.64
170
2,222.84
922
602.50
732.03
930.54
1091.16
Of
which
Paris
Club
2,059.14
753.88
447.96
480.99
608.98
764.75
Non-‐paris
Club
Commercial
creditors
163.70
268.30
168.12
238.63
154.54
251.04
180.19
118.35
321.56
326.41
994.81
894.63
External
Debt/
GDP
Ratio
(%
)
Total
External
107
77
65
26
Medium
term
Long
term
268.30
7,280
22
25.07
7,548.90
6,447.89
6,347.80
2,177.24
3,586.65
4,168.86
238.63
180.19
118.35
194.81
339.15
6,209.26
6,167.62
2,058.89
3,391.84
3,769.21
Source:
ADMD,
MOFEP
*
up
to
June
Information
from
the
ADMD
indicates
that
there
had
been
improvements
in
capturing
information
on
donor
resources
in
fiscal
reports.
To
improve
transparency
the
ADMU
of
MOFEP
published
the
half
year
external
aid
financing
performance
report
from
January
to
June
2008.
Domestic
debt
management
policy
in
2007
and
2008
has
focused
on
deepening
the
money
market,
maintain
the
domestic
debt
stock
at
sustainable
levels,
extending
the
maturity
profile,
diversifying
the
investor
base
to
include
non
resident
investors
and
promoting
and
facilitating
80