Nigeria NG: External Debt: DOD: Use of IMF Credit

Nigeria NG: External Debt: DOD: Use of IMF Credit data was reported at 2.252 USD bn in 2016. This records a decrease from the previous number of 2.322 USD bn for 2015. Nigeria NG: External Debt: DOD: Use of IMF Credit data is updated yearly, averaging 0.000 USD mn from Dec 1970 (Median) to 2016, with 47 observations. The data reached an all-time high of 2.626 USD bn in 2009 and a record low of 0.000 USD mn in 1998. Nigeria NG: External Debt: DOD: Use of IMF Credit data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Nigeria – Table NG.World Bank: External Debt: Debt Outstanding, Debt Ratio and Debt Service. Use of IMF Credit: Data related to the operations of the IMF are provided by the IMF Treasurer’s Department. They are converted from special drawing rights into dollars using end-of-period exchange rates for stocks and average-over-the-period exchange rates for flows. IMF trust fund operations under the Enhanced Structural Adjustment Facility, Extended Fund Facility, Poverty Reduction and Growth Facility, and Structural Adjustment Facility (Enhanced Structural Adjustment Facility in 1999) are presented together with all of the IMF’s special facilities (buffer stock, supplemental reserve, compensatory and contingency facilities, oil facilities, and other facilities). SDR allocations are also included in this category. According to the BPM6, SDR allocations are recorded as the incurrence of a debt liability of the member receiving them (because of a requirement to repay the allocation in certain circumstances, and also because interest accrues). This debt item is introduced for the first time this year with historical data starting in 1999.; ; World Bank, International Debt Statistics.; Sum;

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