International Financial Institutions (IFIs) are an important source of financing for emerging countries, especially in times of crisis when access to debt markets is restricted.
The total stock of IFI loans to our country as of September 30, 2021, amounts to USD68.062 billion and represents 21% of gross public debt and 16% of GDP. Of the total amount, 63% is from the IMF, 19% from the IDB, 11% from the World Bank, 5% from CAF and 1% from other organizations.
Between 2005 and 2020, gross disbursements were received from IFIs for approximately USD83.574 billion, of which USD44.477 billion were from the 2018 SBA loan, USD19.731 billion from IDB loans, and USD12.299 billion from World Bank loans.
Of the total disbursements, excluding the IMF loan, 21% went to social development projects, 16% to roads and transportation, 8% to health, education, energy, and water supply and sanitation, respectively, and 7% to strengthening public management.