Figure 5: Multi-year debt relief could unlock sizeable recovery financing for some Pacific countries
Annual cost of servicing external public debt (2021, % of GDP)
0%
1%
2%
3%
4%
Annual servicing cost, % of GDP
1.9%
0.2%
1.7%
Samoa
2.8%
0.7%
Tonga
1.3%
0.7%
Vanuatu
0.2%
0.4%
0.2%
0.5%
PNG
0.4%
0.4%
Fiji
0.1%
0.3%
Solomons
China bilateral
Bilateral excl China
Non-official
Bondholders
Multilateral