Jamaica JM: External Debt: Average Grant Element on New External Debt Commitments: Private

Jamaica JM: External Debt: Average Grant Element on New External Debt Commitments: Private data was reported at 21.096 % in 2017. This records an increase from the previous number of 18.955 % for 2016. Jamaica JM: External Debt: Average Grant Element on New External Debt Commitments: Private data is updated yearly, averaging 6.902 % from Dec 1970 (Median) to 2017, with 48 observations. The data reached an all-time high of 31.046 % in 2009 and a record low of -32.685 % in 1981. Jamaica JM: 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 Jamaica – Table JM.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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What was Jamaica's Jamaica JM: External Debt: Average Grant Element on New External Debt Commitments: Private in 2016?

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