 Government’s net position -96.5 -98.8 -95.6 -160.8 n.d.  Loans to the economy 293.9 312.1 375.1 415.8 n.d. 554.7 502.8 615.5 726.1 n.d. Money supply EXTERNAL TRADE AND BALANCE OF PAYMENTS Free on board (FOB) imports 475.9 444.8 456.6 504.1 513.4 FOB exports 314.3 300.4 305.0 297.0 302.3 FOB-FOB trade balance -161.5 -144.5 -151.6 -207.1 -211.1 Balance of services -47.4 -37.8 -45.0 -35.8 -36.0 Current balance -192.5 -152.4 -119.3 -121.7 -135.9 Current ex-grant balance -201.3 -165.7 -142.4 -159.9 -160.5 Total balance -24.1 -61.6 49.2 144.5 25.0 Coverage rate: exports/imports in % 66.1 67.5 66.8 58.9 58.9 Total balance in % GDP -9.3 -7.1 -5.2 -4.9 -5.1 Outstanding foreign debt 832.6 838.0 925.6 345.7 507.3 Foreign debt servicing 29.2 15.1 15.5 15.2 23.1 Outstanding foreign debt in % of GDP 40.3 39.2 40.3 14.1 19.2 Outstanding foreign debt servicing in % of total exports (1) 6.7 3.5 3.1 3.3 4.5 Outstanding foreign debt servicing in % of ex-grant revenue 8.3 4.3 4.1 3.6 4.6 FOREIGN DEBT (1) Source: National Accounts Department, Table 1, Statistical Annex, Quarterly report on Execution of Multilateral Surveillance, June 2007, West African Economic and Monetary Union (WAEMU). xiii