|
3.3 DISBURSEMENTS BY
TERMS OF ASSISTANCE
42. Over the period of 1992-2003, grants
have constituted 79.2 percent of total ODA disbursements. In more recent
years, however, the proportion of loans in total ODA disbursements has
increased. During the first mandate of the Royal Government, 1994-1998,
the loans component of the ODA constituted 16.7 percent of total ODA
disbursements (Table 5). The loans component increased to 26.5 percent of
total ODA
CHART 2: DISBURSEMENTS BY TERMS OF ASSISTANCE: 1992-2003
disbursements during the second mandate
(1999-2003) of the Royal Government. The increase in the loans portion is
mainly attributable to increased participation of the International
Financial Institutions (IFIs) in the financing of Cambodia’s development
programs.
TABLE 5:
DISBURSEMENTS BY TERMS OF ASSISTANCE: 1992 - 2003
(in millions of US $)
|
Terms of Assistance |
1992 & 1993
US$ %
|
1994-1998
US$ %
|
1999-2003
US$ %
|
TOTAL
1992-2003
US$ %
|
|
GRANTS
LOANS
|
497.2
74.9
|
86.9%
13.1%
|
1,838.4
367.5
|
83.3%
16.7%
|
1,775.8
639.4
|
73.5%
26.5%
|
4,111.4
1,081.7
|
79.2%
20.8%
|
|
TOTAL |
572.1 |
100.0% |
2,205.9 |
100.0% |
2,415.1 |
100.0% |
5,193.1 |
100.0% |
43. Overall, over the last five years, 1999- 2003, a
significant shift in the composition of grants and loans has occurred. The
loans component of ODA increased from 16.8 percent of total ODA in 1999 to
34.5 percent of total ODA in 2002 (Table 6). In 2003 the trend has
reversed and the loans component declined to 30.4 percent of total ODA
disbursed in 2003. The increase in the loans portion of disbursements has
implications for future national budgets because of the resulting increase
in the size of the national debt and related debt service charges. The
Ministry of Economy and Finance will be
TABLE 6: DISBURSEMENTS
BY TERMS OF ASSISTANCE AND
DONOR CATEGORY: 1999-2003
( in millions of US Dollars) |
