Benin BJ: External Debt: Average Grant Element on New External Debt Commitments: Official

Benin BJ: External Debt: Average Grant Element on New External Debt Commitments: Official data was reported at 36.599 % in 2018. This records an increase from the previous number of 33.866 % for 2017. Benin BJ: External Debt: Average Grant Element on New External Debt Commitments: Official data is updated yearly, averaging 44.382 % from Dec 1970 (Median) to 2018, with 49 observations. The data reached an all-time high of 69.019 % in 1972 and a record low of 12.129 % in 1984. Benin BJ: External Debt: Average Grant Element on New External Debt Commitments: Official data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Benin – Table BJ.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 official creditors includes loans from international organizations (multilateral loans) and loans from governments (bilateral loans). Loans from international organization include loans and credits from the World Bank, regional development banks, and other multilateral and intergovernmental agencies. Excluded are loans from funds administered by an international organization on behalf of a single donor government; these are classified as loans from governments. Government loans include loans from governments and their agencies (including central banks), loans from autonomous bodies, and direct loans from official export credit agencies.; ; World Bank, International Debt Statistics.; Weighted average;

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