Jarvis Island: none

Jersey: none

Johnston Atoll: none

Jordan: none

Juan de Nova Island: claimed by Madagascar

Kazakhstan: Caspian Sea boundaries are not yet determined among Azerbaijan, Iran, Kazakhstan, Russia, and Turkmenistan

Kenya: administrative boundary with Sudan does not coincide with international boundary

Kingman Reef: none

Kiribati: none

Korea, North: 33-km section of boundary with China in the Paektu-san (mountain) area is indefinite; Demarcation Line with South Korea

Korea, South: Demarcation Line with North Korea; Liancourt Rocks (Takeshima/Tokdo) disputed with Japan

Kuwait: in November 1994, Iraq formally accepted the UN-demarcated border with Kuwait which had been spelled out in Security Council Resolutions 687 (1991), 773 (1993), and 883 (1993); this formally ends earlier claims to Kuwait and to Bubiyan and Warbah islands

Kyrgyzstan: territorial dispute with Tajikistan on southwestern boundary in Isfara Valley area; periodic target of Islamic insurgents from Uzbekistan, Tajikistan, and Afghanistan

Laos: parts of the border with Thailand are indefinite

Latvia: draft treaty delimiting the boundary with Russia has not been signed; has not ratified 1998 maritime boundary agreement with Lithuania (primary concern is oil exploration rights)

Lebanon: Syrian troops in northern, central, and eastern Lebanon since October 1976; Lebanese government claims Shab'a Farms area of Israeli-occupied Golan Heights as a part of Lebanon from which Hizballah conducts cross-border attacks

Lesotho: none

Liberia: large refugee population from civil war in Sierra Leone

Libya: Libya claims about 19,400 sq km in northern Niger and also a part of southeastern Algeria

Liechtenstein: Liechtenstein's royal family claims restitution for 1,600 sq km of land in the Czech Republic confiscated in 1918

Lithuania: Latvia has not ratified a 1998 maritime boundary agreement with Lithuania (primary concern is oil exploration rights); 1997 border agreement with Russia not yet ratified by Russia

Luxembourg: none

Macau: none

Macedonia, The Former Yugoslav Republic of: dispute with Greece over its name; February 2001 agreement with Yugoslavia settled alignment of boundary, stipulating implementation within two years

Madagascar: claims Bassas da India, Europa Island, Glorioso Islands, Juan de Nova Island, and Tromelin Island (all administered by France)

Malawi: dispute with Tanzania over the boundary in Lake Nyasa (Lake Malawi)

Malaysia: involved in a complex dispute over the Spratly Islands with China, Philippines, Taiwan, Vietnam, and possibly Brunei; Philippines have not fully revoked claim to Sabah State; Pulau Batu Putih (Pedra Branca Island) disputed with Singapore; Sipadan and Ligitan Islands in dispute with Indonesia

Maldives: none

Mali: none

Malta: none

Man, Isle of: none

Marshall Islands: claims US territory of Wake Island

Martinique: none

Mauritania: none

Mauritius: claims the Chagos Archipelago (UK-administered British Indian Ocean Territory); claims French-administered Tromelin Island

Mayotte: claimed by Comoros

Mexico: none

Micronesia, Federated States of: none

Midway Islands: none

Moldova: separatist Transnistria region, comprising the area between the Nistru (Dniester) River and Ukraine, has its own de facto government, dominated by Moldovan Slavs

Monaco: none

Mongolia: none

Montserrat: none

Morocco: claims and administers Western Sahara, but sovereignty is unresolved and the UN is attempting to hold a referendum on the issue; the UN-administered cease-fire has been in effect since September 1991; Spain controls five places of sovereignty (plazas de soberania) on and off the coast of Morocco - the coastal enclaves of Ceuta and Melilla which Morocco contests, as well as the islands of Penon de Alhucemas, Penon de Velez de la Gomera, and Islas Chafarinas

Mozambique: none

Namibia: none

Nauru: none

Navassa Island: claimed by Haiti

Nepal: refugee issue over the presence in Nepal of approximately 98,700 Bhutanese refugees, 90% of whom are in seven United Nations Office of the High Commissioner for Refugees (UNHCR) camps

Netherlands: none

Netherlands Antilles: none

New Caledonia: Matthew and Hunter Islands east of New Caledonia claimed by France and Vanuatu

New Zealand: territorial claim in Antarctica (Ross Dependency)

Nicaragua: territorial disputes with Colombia over the Archipelago de San Andres y Providencia and Quita Sueno Bank; with respect to the maritime boundary question in the Golfo de Fonseca, the ICJ referred to the line determined by the 1900 Honduras-Nicaragua Mixed Boundary Commission and advised that some tripartite resolution among El Salvador, Honduras, and Nicaragua likely would be required; maritime boundary dispute with Honduras in the Caribbean Sea is before the ICJ; legal dispute over navigational rights of San Juan River on border with Costa Rica

Niger: Libya claims about 19,400 sq km in northern Niger; delimitation of international boundaries in the vicinity of Lake Chad, the lack of which led to border incidents in the past, has been completed and awaits ratification by Cameroon, Chad, Niger, and Nigeria

Nigeria: delimitation of international boundaries in the vicinity of Lake Chad, the lack of which led to border incidents in the past, has been completed and awaits ratification by Cameroon, Chad, Niger, and Nigeria; dispute with Cameroon over land and maritime boundaries around the Bakasi Peninsula is currently before the ICJ; tripartite maritime boundary and economic zone dispute with Equatorial Guinea and Cameroon is currently before the ICJ

Niue: none

Norfolk Island: none

Northern Mariana Islands: none

Norway: territorial claim in Antarctica (Queen Maud Land); Svalbard is the focus of a maritime boundary dispute between Norway and Russia

Oman: boundary with the UAE has not been bilaterally defined; northern section in the Musandam Peninsula is an administrative boundary

Pacific Ocean: some maritime disputes (see littoral states)

Pakistan: status of Kashmir with India; water-sharing problems with India over the Indus River (Wular Barrage)

Palau: none

Palmyra Atoll: none

Panama: none

Papua New Guinea: none

Paracel Islands: occupied by China, but claimed by Taiwan and Vietnam

Peru: none

Philippines: involved in a complex dispute over the Spratly Islands with China, Malaysia, Taiwan, Vietnam, and possibly Brunei; claim to Malaysia's Sabah State has not been fully revoked

Pitcairn Islands: none

Poland: none

Puerto Rico: none

Qatar: in March of 2001, the International Court of Justice (ICJ) awarded the Hawar Islands to Bahrain and adjusted its maritime boundary with Qatar; a final border resolution was agreed to with Saudi Arabia in March of 2001

Reunion: none

Romania: none

Russia: dispute over at least two small sections of the boundary with China remains to be settled, despite 1997 boundary agreement; islands of Etorofu, Kunashiri, and Shikotan and the Habomai group occupied by the Soviet Union in 1945, now administered by Russia, claimed by Japan; Caspian Sea boundaries are not yet determined among Azerbaijan, Iran, Kazakhstan, Russia, and Turkmenistan; Estonian and Russian negotiators reached a technical border agreement in December 1996, which has not been signed or ratified by Russia as of February 2001; draft treaty delimiting the boundary with Latvia has not been signed; 1997 border agreement with Lithuania not yet ratified; has made no territorial claim in Antarctica (but has reserved the right to do so) and does not recognize the claims of any other nation; Svalbard is the focus of a maritime boundary dispute between Norway and Russia

Rwanda: Rwandan military forces are supporting the rebel forces in the civil war in the Democratic Republic of the Congo

Saint Helena: none

Saint Kitts and Nevis: none

Saint Lucia: none

Saint Pierre and Miquelon: none

Saint Vincent and the Grenadines: none

Samoa: none

San Marino: none

Sao Tome and Principe: none

Saudi Arabia: a final border resolution was agreed to with Qatar in March of 2001; location and status of boundary with UAE is not final, de facto boundary reflects a 1974 agreement; a June 2000 treaty delimited the boundary with Yemen, but final demarcation requires adjustments based on tribal considerations

Senegal: none

Seychelles: claims the Chagos Archipelago (UK-administered British Indian Ocean Territory)

Sierra Leone: civil war has engendered massive refugee movements into neighboring Guinea and Liberia

Singapore: Pedra Branca Island (Pulau Batu Putih) disputed with Malaysia

Slovakia: Gabcikovo/Nagymaros Dam dispute with Hungary is before the ICJ

Slovenia: progress with Croatia on discussions of adjustments to land boundary, but problems remain in defining maritime boundary in Gulf of Piran; Austria has minor dispute with Slovenia over nuclear power plants and post-World War II treatment of German-speaking minorities

Solomon Islands: none

Somalia: most of the southern half of the boundary with Ethiopia is a Provisional Administrative Line; territorial dispute with Ethiopia over the Ogaden

South Africa: Swaziland has asked South Africa to open negotiations on reincorporating some nearby South African territories that are populated by ethnic Swazis or that were long ago part of the Swazi Kingdom

South Georgia and the South Sandwich Islands: claimed by Argentina

Southern Ocean: Antarctic Treaty defers claims (see Antarctic Treaty Summary in the Antarctica entry); sections (some overlapping) claimed by Argentina, Australia, Chile, France, New Zealand, Norway, and UK; the US and most other nations do not recognize the maritime claims of other nations and have made no claims themselves (the US and Russia have reserved the right to do so); no formal claims have been made in the sector between 90 degrees west and 150 degrees west

Spain: Gibraltar issue with UK; Spain controls five places of sovereignty (plazas de soberania) on and off the coast of Morocco - the coastal enclaves of Ceuta and Melilla, which Morocco contests, as well as the islands of Penon de Alhucemas, Penon de Velez de la Gomera, and Islas Chafarinas

Spratly Islands: all of the Spratly Islands are claimed by China, Taiwan, and Vietnam; parts of them are claimed by Malaysia and the Philippines; in 1984, Brunei established an exclusive fishing zone that encompasses Louisa Reef in the southern Spratly Islands, but has not publicly claimed the island; in 2000, China joined ASEAN discussions towards creating a South China Sea "code of conduct" - a non-legally binding confidence building measure

Sri Lanka: none

Sudan: administrative boundary with Kenya does not coincide with international boundary; Egypt asserts its claim to the "Hala'ib Triangle," a barren area of 20,580 sq km under partial Sudanese administration that is defined by an administrative boundary which supersedes the treaty boundary of 1899

Suriname: area disputed by French Guiana between Riviere Litani and Riviere Marouini (both headwaters of the Lawa); area disputed by Guyana between New (Upper Courantyne) and Courantyne/Koetari [Kutari] rivers (all headwaters of the Courantyne)

Svalbard: focus of a maritime boundary dispute between Norway and Russia

Swaziland: Swaziland has asked South Africa to open negotiations on reincorporating some nearby South African territories that are populated by ethnic Swazis or that were long ago part of the Swazi Kingdom

Sweden: none

Switzerland: none

Syria: Golan Heights is Israeli occupied; dispute with upstream riparian Turkey over Turkish water development plans for the Tigris and Euphrates rivers; Syrian troops in northern, central, and eastern Lebanon since October 1976

Tajikistan: portions of Tajikistan's northern and western border with Uzbekistan and its eastern border with China have not been officially demarcated; territorial dispute with Kyrgyzstan on northern boundary in Isfara Valley area

Tanzania: dispute with Malawi over the boundary in Lake Nyasa (Lake Malawi); a resurvey of the latitudinal boundary with Uganda in 2000 revealed a 300-meter discrepancy that both sides are currently adjudicating

Thailand: parts of the border with Laos are indefinite; parts of border with Cambodia are indefinite; sporadic border hostilities with Burma over border alignment and ethnic Shan rebels operating in cross-border region

Togo: none

Tokelau: none

Tonga: none

Trinidad and Tobago: none

Tromelin Island: claimed by Madagascar and Mauritius

Tunisia: none

Turkey: complex maritime, air, and territorial disputes with Greece in Aegean Sea; Cyprus question with Greece; dispute with downstream riparian states (Syria and Iraq) over water development plans for the Tigris and Euphrates rivers; traditional demands regarding former Armenian lands in Turkey have subsided

Turkmenistan: Caspian Sea boundaries are not yet determined among Azerbaijan, Iran, Kazakhstan, Russia, and Turkmenistan

Turks and Caicos Islands: none

Tuvalu: none

Uganda: the Ugandan military is deployed to the Democratic Republic of Congo in support of rebel forces in that country's civil war; a resurvey of the latitudinal boundary with Tanzania in 2000 revealed a 300-meter discrepancy that both sides are currently adjudicating

Ukraine: has made no territorial claim in Antarctica (but has reserved the right to do so) and does not recognize the claims of any other nation

United Arab Emirates: location and status of boundary with Saudi Arabia is not final, de facto boundary reflects 1974 agreement; boundary with Oman has not been bilaterally defined; northern section in the Musandam Peninsula is an administrative boundary; claims two islands in the Persian Gulf occupied by Iran: Lesser Tunb (called Tunb as Sughra in Arabic by UAE and Jazireh-ye Tonb-e Kuchek in Persian by Iran) and Greater Tunb (called Tunb al Kubra in Arabic by UAE and Jazireh-ye Tonb-e Bozorg in Persian by Iran); claims island in the Persian Gulf jointly administered with Iran (called Abu Musa in Arabic by UAE and Jazireh-ye Abu Musa in Persian by Iran) - over which Iran has taken steps to exert unilateral control since 1992, including access restrictions and a military build-up on the island; the UAE has garnered significant diplomatic support in the region in protesting these Iranian actions

United Kingdom: Northern Ireland issue with Ireland (historic peace agreement signed 10 April 1998); Gibraltar issue with Spain; Argentina claims Falkland Islands (Islas Malvinas); Argentina claims South Georgia and the South Sandwich Islands; Mauritius and the Seychelles claim Chagos Archipelago (UK-administered British Indian Ocean Territory); Rockall continental shelf dispute involving Denmark and Iceland; territorial claim in Antarctica (British Antarctic Territory) overlaps Argentine claim and partially overlaps Chilean claim; disputes with Iceland, Denmark, and Ireland over the Faroe Islands continental shelf boundary outside 200 NM

United States: maritime boundary disputes with Canada (Dixon Entrance, Beaufort Sea, Strait of Juan de Fuca, Machias Seal Island); US Naval Base at Guantanamo Bay is leased from Cuba and only mutual agreement or US abandonment of the area can terminate the lease; Haiti claims Navassa Island; US has made no territorial claim in Antarctica (but has reserved the right to do so) and does not recognize the claims of any other nation; Marshall Islands claims Wake Island

Uruguay: none

Uzbekistan: occasional target of Islamic insurgents based in Tajikistan and Afghanistan

Vanuatu: claims Matthew and Hunter Islands east of New Caledonia

Venezuela: claims all of Guyana west of the Essequibo (river); maritime boundary dispute with Colombia in the Gulf of Venezuela

Vietnam: maritime boundary with Cambodia not defined; involved in a complex dispute over the Spratly Islands with China, Malaysia, Philippines, Taiwan, and possibly Brunei; maritime boundary agreement with China in the Gulf of Tonkin awaits ratification; Paracel Islands occupied by China but claimed by Vietnam and Taiwan; portions of boundary with Cambodia are in dispute; agreement on land border with China was signed in December 1999, but details of alignment have not yet been made public

Virgin Islands: none

Wake Island: claimed by Marshall Islands

Wallis and Futuna: none

West Bank: West Bank and Gaza Strip are Israeli-occupied with current status subject to the Israeli-Palestinian Interim Agreement - permanent status to be determined through further negotiation

Western Sahara: claimed and administered by Morocco, but sovereignty is unresolved and the UN is attempting to hold a referendum on the issue; the UN-administered cease-fire has been in effect since September 1991

Yemen: a June 2000 treaty delimited the boundary with Saudi Arabia, but final demarcation requires adjustments based on tribal considerations

Yugoslavia: Albanian majority in Kosovo seeks independence from Yugoslavia; Croatia and Yugoslavia are negotiating the status of the strategically important Prevlaka Peninsula, which is currently under a UN military observer mission (UNMOP); the February 2001 agreement with the Former Yugoslav Republic of Macedonia settled alignment of boundary, stipulating implementation within two years

Taiwan: involved in complex dispute over the Spratly Islands with China, Malaysia, Philippines, Vietnam, and possibly Brunei; Paracel Islands occupied by China, but claimed by Vietnam and Taiwan; claims Japanese-administered Senkaku-shoto (Senkaku Islands/Diaoyu Tai), as does China

======================================================================

@Economic aid - donor



Australia: ODA, $1.43 billion (FY97/98)

Austria: ODA, $472 million (1999)

Belgium: ODA, $764 million (1997)

Canada: ODA, $1.3 billion (1999)

Denmark: ODA, $1.63 billion (1999)

Finland: ODA, $379 million (1997)

France: ODA, $6.3 billion (1997)

Germany: ODA, $5.6 billion (1998)

Iceland: $NA

Ireland: ODA, $245 million (2000)

Italy: ODA, $1.3 billion (1997)

Japan: ODA, $9.1 billion (1999)

Luxembourg: ODA, $160 million (1999)

Netherlands: ODA, $3.5 billion (2000 est.)

New Zealand: ODA, $123 million (1995)

Norway: ODA, $1.4 billion (1998)

Portugal: ODA, $271 million (1995)

Saudi Arabia: pledged $100 million in 1993 to fund reconstruction of Lebanon; since 1993, Saudi Arabia has committed $208 million for assistance to the Palestinians

Spain: ODA, $1.3 billion (1995)

Sweden: ODA, $1.7 billion (1997)

Switzerland: ODA, $1.1 billion (1995)

United Kingdom: ODA, $3.4 billion (1997)

United States: ODA, $6.9 billion (1997)

======================================================================

@Economic aid - recipient



Afghanistan: US provided about $70 million in humanitarian assistance in 1997; US continues to contribute to multilateral assistance through the UN programs of food aid, immunization, land mine removal, and a wide range of aid to refugees and displaced persons

Albania: $NA; aid for energy from China, Germany, Norway (2000)

Algeria: $100 million (1999 est.)

American Samoa: important financial support from the US, more than $40 million in 1994

Andorra: none

Angola: $493.1 million (1995)

Anguilla: $3.5 million (1995)

Antigua and Barbuda: $2.3 million (1995)

Argentina: IMF offer of $13.7 billion (January 2001)

Armenia: $245.5 million (1995)

Aruba: $26 million (1995); note - the Netherlands provided a $127 million aid package to Aruba and Suriname in 1996

Azerbaijan: ODA, $113 million (1996)

Bahamas, The: $9.8 million (1995)

Bahrain: $48.4 million (1995)

Bangladesh: $1.575 billion (2000 est.)

Barbados: $9.1 million (1995)

Belarus: $194.3 million (1995)

Belize: $NA

Benin: $274.6 million (1997)

Bermuda: $27.9 million (1995)

Bhutan: $73.8 million (1995)

Bolivia: $588 million (1997)

Bosnia and Herzegovina: $1 billion (1999 est.)

Botswana: $73 million (1995)

Brazil: NA

British Virgin Islands: $2.6 million (1995)

Brunei: $4.3 million (1995)

Bulgaria: $1 billion (1999 est.)

Burkina Faso: $484.1 million (1995)

Burma: $99 million (FY98/99)

Burundi: $1.344 billion (1999 est.)

Cambodia: $548 million pledged in grants and concessional loans for 2001 by international donors

Cameroon: on 23 January 2001, the Paris Club agreed to reduce Cameroon's debt of $1.3 billion by $900 million; total debt relief now amounts to $1.26 billion

Cape Verde: $111.3 million (1995)

Cayman Islands: $NA

Central African Republic: $172.2 million (1995); note - traditional budget subsidies from France

Chad: $238.3 million (1995); note - $125 million committed by Taiwan (August 1997); $30 million committed by African Development Bank

Chile: ODA, $40 million (2001 est.)

China: $NA

Christmas Island: $NA

Cocos (Keeling) Islands: $NA

Colombia: $40.7 million (1995)

Comoros: $28.1 million (1997)

Congo, Democratic Republic of the: $195.3 million (1995)

Congo, Republic of the: $159.1 million (1995)

Cook Islands: $13.1 million (1995); note - New Zealand continues to furnish the greater part

Cote d'Ivoire: ODA, $1 billion (1996 est.)

Croatia: $NA

Cuba: $68.2 million (1997 est.)

Cyprus: Greek Cypriot area - $17 million (1998); Turkish Cypriot area - $700 million from Turkey in grants and loans (1990-97) that are usually forgiven

Czech Republic: $NA

Djibouti: $106.3 million (1995)

Dominica: $24.4 million (1995)

Dominican Republic: $239.6 million (1995)

Ecuador: $695.7 million (1995)

Egypt: ODA, $2.25 billion (1999)

El Salvador: total $252 million; $57 million from US (1999 est.)

Equatorial Guinea: $33.8 million (1995)

Eritrea: $77 million (1999)

Estonia: $137.3 million (1995)

Ethiopia: $367 million (FY95/96)

Falkland Islands (Islas Malvinas): $1.7 million (1995)

Faroe Islands: $135 million (annual subsidy from Denmark) (1999)

Fiji: $40.3 million (1995)

French Guiana: $NA

French Polynesia: $367 million (1997)

Gabon: $331 million (1995)

Gambia, The: $45.4 million (1995)

Gaza Strip: $121 million disbursed (2000) (includes West Bank)

Georgia: $212.7 million (1995)

Ghana: $477.3 million (1995)

Gibraltar: $NA

Greece: $5.4 billion from EU (1997 est.)

Greenland: $380 million subsidy from Denmark (1999)

Grenada: $8.3 million (1995)

Guadeloupe: $NA; note - substantial annual French subsidies

Guam: Guam receives large transfer payments from the US Federal Treasury ($143 million in 1997) into which Guamanians pay no income or excise taxes; under the provisions of a special law of Congress, the Guam Treasury, rather than the US Treasury, receives federal income taxes paid by military and civilian Federal employees stationed in Guam

Guatemala: $212 million (1995)

Guernsey: $NA

Guinea: $359.2 million (1998)

Guinea-Bissau: $115.4 million (1995)

Guyana: $84 million (1995), Heavily Indebted Poor Country Initiative (HIPC) $253 million (1997)

Haiti: $730.6 million (1995)

Holy See (Vatican City): none

Honduras: $557.8 million (1999)

Hungary: $122.7 million (1995)

India: $2.9 billion (FY98/99)

Indonesia: $43 billion from IMF program and other official external financing (1997-2000)

Iran: $116.5 million (1995)

Iraq: $327.5 million (1995)

Israel: $1.1 billion from the US (1999)

Jamaica: $102.7 million (1995)

Jersey: none

Jordan: ODA, $850 million (1996 est.)

Kazakhstan: $409.6 million (1995)

Kenya: $457 million (1997)

Kiribati: $15.5 million (1995), largely from UK and Japan

Korea, North: $NA; note - an estimated $200 million to $300 million in humanitarian aid from US, South Korea, Japan, and EU in 1997 plus much additional aid from the UN and non-governmental organizations; substantial continuing humanitarian aid, 1998-2000

Korea, South: $NA

Kuwait: $27.6 million (1995)

Kyrgyzstan: $329.4 million (1995)

Laos: $345 million (1999 est.)

Latvia: $96.2 million (1995)

Lebanon: $3.5 billion (pledges 1997-2001)

Lesotho: $123.7 million (1995)

Liberia: $200 million pledged (1998)

Libya: $8.4 million (1995)

Liechtenstein: none

Lithuania: $228.5 million (1995)

Macau: $NA

Macedonia, The Former Yugoslav Republic of: $100 million from the EU (2000)

Madagascar: $838 million (1997)

Malawi: $427 million (1999)

Maldives: $NA

Mali: $596.4 million (1995)

Malta: $NA

Man, Isle of: $NA

Marshall Islands: approximately $65 million annually from the US

Martinique: $NA; note - substantial annual aid from France

Mauritania: $300 million (1998)

Mauritius: $42 million (1997)

Mayotte: $107.7 million (1995); note - extensive French financial assistance

Mexico: $1.166 billion (1995)

Micronesia, Federated States of: under terms of the Compact of Free Association, the US will provide $1.3 billion in grant aid during the period 1986-2001

Moldova: $100.8 million (1995); note - $547 million from the IMF and World Bank (1992-99)

Monaco: $NA

Mongolia: $200 million (1998 est.)

Montserrat: $9.8 million (1995); note - about $100 million (1996-98) in reconstruction aid from the UK; Country Policy Plan (1999) is a three-year program for spending $122.8 million in British budgetary assistance

Morocco: $565.6 million (1995)

Mozambique: $1.04 billion (1998)

Namibia: $127 million (1998)

Nauru: $2.25 million from Australia (FY96/97 est.)

Nepal: $411 million (FY97/98)

Netherlands Antilles: IMF provided $61 million in 2000, and the Netherlands continued its support with $40 million

New Caledonia: $880 million annual subsidy from France

Nicaragua: NA

Niger: $341 million (1997)

note: the IMF approved a $73 million poverty reduction and growth facility for Niger in 2000 and announced $115 million in debt relief under the Heavily Indebted Poor Countries (HIPC) initiative

Nigeria: ODA $250 million (1998)

Niue: $8.3 million (1995)

Norfolk Island: $NA

Northern Mariana Islands: extensive funding from US

Oman: $76.4 million (1995)

Pakistan: $2 billion (FY99/00)

Palau: $155.8 million (1995); note - the Compact of Free Association with the US, entered into after the end of the UN trusteeship on 1 October 1994, will provide Palau with up to $700 million in US aid over 15 years in return for furnishing military facilities

Panama: $197.1 million (1995)

Papua New Guinea: $400 million (1999 est.)

Paraguay: $NA

Peru: $895.1 million (1995)

Philippines: ODA, $1.1 billion (1998)

Pitcairn Islands: $NA

Poland: $NA

Puerto Rico: $NA

Qatar: $NA

Reunion: $NA; note - substantial annual subsidies from France

Russia: $8.523 billion (1995)

Rwanda: $591.5 million (1997); note - in summer 1998, Rwanda presented its policy objectives and development priorities to donor governments resulting in multiyear pledges in the amount of $250 million

Saint Helena: $12.6 million (1995); note - $5.3 million from UK (1997)

Saint Kitts and Nevis: $5.5 million (1995)

Saint Lucia: $51.8 million (1995)

Saint Pierre and Miquelon: approximately $65 million in annual grants from France

Saint Vincent and the Grenadines: $47.5 million (1995); note - EU $34.5 million (1998)

Samoa: $42.9 million (1995)

San Marino: $NA

Sao Tome and Principe: $200 million in December 2000 under the HIPC program

Senegal: $647.5 million (1995)

Seychelles: $16.4 million (1995)

Sierra Leone: $203.7 million (1995)

Singapore: $NA

Slovakia: $421.9 million (1995)

Slovenia: ODA, $5 million (1993)

Solomon Islands: $47 million (1999 est.), mainly from Japan, Australia, China, and NZ

Somalia: $191.5 million (1995)

South Africa: $676.3 million

Sri Lanka: $577 million (1998)

Sudan: $187 million (1997)

Suriname: Netherlands provided $37 million for project and program assistance, European Development Fund $4 million, Belgium $2 million (1998)

Svalbard: $8.2 million from Norway (1998)

Swaziland: $55 million (1995)

Syria: $199 million (1997 est.)

Tajikistan: $64.7 million (1995)

Tanzania: $963 million (1997)

Thailand: $131.5 million (1998 est.)

Togo: $201.1 million (1995)

Tokelau: $3.8 million (1995)

Tonga: $38.8 million (1995)

Trinidad and Tobago: $121.4 million (1995)

Tunisia: $933.2 million (1995); note - ODA, $90 million (1998 est.)

Turkey: ODA, $195 million (1993)

Turkmenistan: $27.2 million (1995)

Turks and Caicos Islands: $4.1 million (1997)

Tuvalu: $13 million (1999 est.); note - major donors are Japan and Australia

Uganda: $1.4 billion (2000)

Ukraine: $637.7 million (1995); IMF Extended Funds Facility $2.2 billion (1998)

United Arab Emirates: $NA

Uruguay: $NA

Uzbekistan: $276.6 million (1995)

Vanuatu: $45.8 million (1995)

Venezuela: $35 million with more assistance likely as a result of flooding (1999)

Vietnam: $2.1 billion in credits and grants pledged by international donors for 2000

Virgin Islands: $NA

Wallis and Futuna: assistance from France

West Bank: $121 million disbursed (includes Gaza Strip) (2000)

Western Sahara: $NA

World: traditional worldwide foreign aid $50 billion (1997 est.)

Yemen: $176.1 million (1995)

Yugoslavia: $NA

Zambia: $1.99 billion (1995)

Zimbabwe: $200 million (2000 est.)

======================================================================

@Economy - overview



Afghanistan: Afghanistan is an extremely poor, landlocked country, highly dependent on farming and livestock raising (sheep and goats). Economic considerations have played second fiddle to political and military upheavals during two decades of war, including the nearly 10-year Soviet military occupation (which ended 15 February 1989). During that conflict one-third of the population fled the country, with Pakistan and Iran sheltering a combined peak of more than 6 million refugees. In early 2000, 2 million Afghan refugees remained in Pakistan and about 1.4 million in Iran. Gross domestic product has fallen substantially over the past 20 years because of the loss of labor and capital and the disruption of trade and transport; severe drought added to the nation's difficulties in 1998-2000. The majority of the population continues to suffer from insufficient food, clothing, housing, and medical care. Inflation remains a serious problem throughout the country. International aid can deal with only a fraction of the humanitarian problem, let alone promote economic development. In 1999-2000, internal civil strife continued, hampering both domestic economic policies and international aid efforts. Numerical data are likely to be either unavailable or unreliable. Afghanistan was by far the largest producer of opium poppies in 2000, and narcotics trafficking is a major source of revenue.

Albania: Poor by European standards, Albania is making the difficult transition to a more open-market economy. The economy rebounded in 1993-95 after a severe depression accompanying the end of the previous centrally planned system in 1990 and 1991. However, a weakening of government resolve to maintain stabilization policies in the election year of 1996 contributed to renewal of inflationary pressures, spurred by the budget deficit which exceeded 12% of GDP. The collapse of financial pyramid schemes in early 1997 - which had attracted deposits from a substantial portion of Albania's population - triggered severe social unrest which led to more than 1,500 deaths, widespread destruction of property, and a 7% drop in GDP. The government has taken measures to curb violent crime and to revive economic activity and trade. The economy is bolstered by remittances from some 20% of the labor force that works abroad, mostly in Greece and Italy. These remittances supplement GDP and help offset the large foreign trade deficit. Most agricultural land was privatized in 1992, substantially improving peasant incomes. In 1998, Albania recovered the 7% drop in GDP of 1997 and pushed ahead by 8% in 1999 and by 7.5% in 2000. International aid helped defray the high costs of receiving and returning refugees from the Kosovo conflict. Privatization scored some successes in 2000, but other reforms lagged.

Algeria: The hydrocarbons sector is the backbone of the economy, accounting for roughly 60% of budget revenues, 30% of GDP, and over 95% of export earnings. Algeria has the fifth-largest reserves of natural gas in the world and is the second largest gas exporter; it ranks fourteenth for oil reserves. Algiers' efforts to reform one of the most centrally planned economies in the Arab world stalled in 1992 as the country became embroiled in political turmoil. Algeria's financial and economic indicators improved during the mid-1990s, in part because of policy reforms supported by the IMF and debt rescheduling from the Paris Club. Algeria's finances in 2000 benefited from the spike in oil prices and the government's tight fiscal policy, leading to a large increase in the trade surplus, the near tripling of foreign exchange reserves, and reduction in foreign debt. The government continues efforts to diversify the economy by attracting foreign and domestic investment outside the energy sector, but has had little success in reducing high unemployment and improving living standards.

American Samoa: This is a traditional Polynesian economy in which more than 90% of the land is communally owned. Economic activity is strongly linked to the US, with which American Samoa conducts the great bulk of its foreign trade. Tuna fishing and tuna processing plants are the backbone of the private sector, with canned tuna the primary export. Transfers from the US Government add substantially to American Samoa's economic well-being. Attempts by the government to develop a larger and broader economy are restrained by Samoa's remote location, its limited transportation, and its devastating hurricanes. Tourism, a developing sector, has been held back by the recurring financial difficulties in East Asia.

Andorra: Tourism, the mainstay of Andorra's tiny, well-to-do economy, accounts for roughly 80% of GDP. An estimated 9 million tourists visit annually, attracted by Andorra's duty-free status and by its summer and winter resorts. Andorra's comparative advantage has recently eroded as the economies of neighboring France and Spain have been opened up, providing broader availability of goods and lower tariffs. The banking sector, with its "tax haven" status, also contributes substantially to the economy. Agricultural production is limited by a scarcity of arable land, and most food has to be imported. The principal livestock activity is sheep raising. Manufacturing output consists mainly of cigarettes, cigars, and furniture. Andorra is a member of the EU Customs Union and is treated as an EU member for trade in manufactured goods (no tariffs) and as a non-EU member for agricultural products.

Angola: Angola is an economy in disarray because of a quarter century of nearly continuous warfare. Despite its abundant natural resources, output per capita is among the world's lowest. Subsistence agriculture provides the main livelihood for 85% of the population. Oil production and the supporting activities are vital to the economy, contributing about 45% to GDP and 90% of exports. Violence continues, millions of land mines remain, and many farmers are reluctant to return to their fields. As a result, much of the country's food must still be imported. To fully take advantage of its rich resources - gold, diamonds, extensive forests, Atlantic fisheries, and large oil deposits - Angola will need to end its conflict and continue reforming government policies. Despite the increase in the pace of civil warfare in late 1998, the economy grew by an estimated 5% in 2000. The government introduced new currency denominations in 1999, including 1 and 5 kwanza notes. Internal strife discourages investment outside of the petroleum sector, which is producing roughly 800,000 barrels of oil per day. Angola has entered into a Staff Monitored Program (SMP) with the IMF. Continued growth depends on sharp cuts in inflation, further economic reform, and a lessening of fighting.

Anguilla: Anguilla has few natural resources, and the economy depends heavily on luxury tourism, offshore banking, lobster fishing, and remittances from emigrants. The economy, and especially the tourism sector, suffered a setback in late 1995 due to the effects of Hurricane Luis in September but recovered in 1996. Increased activity in the tourism industry, which has spurred the growth of the construction sector, has contributed to economic growth. Anguillan officials have put substantial effort into developing the offshore financial sector. A comprehensive package of financial services legislation was enacted in late 1994. In the medium term, prospects for the economy will depend on the tourism sector and, therefore, on continuing income growth in the industrialized nations as well as favorable weather conditions.

Antarctica: Fishing off the coast and tourism, both based abroad, account for the limited economic activity. Antarctic fisheries in 1998-99 (1 July-30 June) reported landing 119,898 metric tons. Unregulated fishing landed five to six times more than the regulated fishery, and allegedly illegal fishing in antarctic waters in 1998 resulted in the seizure (by France and Australia) of at least eight fishing ships. Companies interested in commercial fishing activities in Antarctica have put forward proposals. The Convention on the Conservation of Antarctic Marine Living Resources determines the recommended catch limits for marine species. A total of 13,193 tourists visited in the 1999-2000 summer, up from the 10,013 who visited the previous year. Nearly all of them were passengers on 24 commercial (nongovernmental) ships and several yachts that made 143 trips during the summer. Most tourist trips lasted approximately two weeks.

Antigua and Barbuda: Tourism continues to be the dominant activity in the economy accounting directly or indirectly for more than half of GDP. The budding offshore financial sector has been seriously hurt by financial sanctions imposed by the US and UK as a result of the loosening of its money-laundering controls. The government has made efforts to comply with international demands in order to get the sanctions lifted. Antigua and Barbuda was listed as a tax haven by the OECD in 2000. The dual island nation's agricultural production is mainly directed to the domestic market; the sector is constrained by the limited water supply and labor shortages that reflect the pull of higher wages in tourism and construction. Manufacturing comprises enclave-type assembly for export with major products being bedding, handicrafts, and electronic components. Prospects for economic growth in the medium term will continue to depend on income growth in the industrialized world, especially in the US, which accounts for about one-third of all tourist arrivals.

Arctic Ocean: Economic activity is limited to the exploitation of natural resources, including petroleum, natural gas, fish, and seals.

Argentina: Argentina benefits from rich natural resources, a highly literate population, an export-oriented agricultural sector, and a diversified industrial base. However, when President Carlos MENEM took office in 1989, the country had piled up huge external debts, inflation had reached 200% per month, and output was plummeting. To combat the economic crisis, the government embarked on a path of trade liberalization, deregulation, and privatization. In 1991, it implemented radical monetary reforms which pegged the peso to the US dollar and limited the growth in the monetary base by law to the growth in reserves. Inflation fell sharply in subsequent years. In 1995, the Mexican peso crisis produced capital flight, the loss of banking system deposits, and a severe, but short-lived, recession; a series of reforms to bolster the domestic banking system followed. Real GDP growth recovered strongly, reaching 8% in 1997. In 1998, international financial turmoil caused by Russia's problems and increasing investor anxiety over Brazil produced the highest domestic interest rates in more than three years, halving the growth rate of the economy. Conditions worsened in 1999 with GDP falling by 3%. President Fernando DE LA RUA, who took office in December 1999, sponsored tax increases and spending cuts to reduce the deficit, which had ballooned to 2.5% of GDP in 1999. Growth in 2000 was a disappointing 0.8%, as both domestic and foreign investors remained skeptical of the government's ability to pay debts and maintain its fixed exchange rate with the US dollar. One bright spot at the start of 2001 was the IMF's offer of $13.7 billion in support.

Armenia: Under the old Soviet central planning system, Armenia had developed a modern industrial sector, supplying machine tools, textiles, and other manufactured goods to sister republics in exchange for raw materials and energy. Since the implosion of the USSR in December 1991, Armenia has switched to small-scale agriculture away from the large agroindustrial complexes of the Soviet era. The agricultural sector has long-term needs for more investment and updated technology. The privatization of industry has been at a slower pace, but has been given renewed emphasis by the current administration. Armenia is a food importer, and its mineral deposits (gold, bauxite) are small. The ongoing conflict with Azerbaijan over the ethnic Armenian-dominated region of Nagorno-Karabakh and the breakup of the centrally directed economic system of the former Soviet Union contributed to a severe economic decline in the early 1990s. By 1994, however, the Armenian Government had launched an ambitious IMF-sponsored economic program that has resulted in positive growth rates in 1995-2000. Armenia also managed to slash inflation and to privatize most small- and medium-sized enterprises. The chronic energy shortages Armenia suffered in recent years have been largely offset by the energy supplied by one of its nuclear power plants at Metsamor. Armenia's severe trade imbalance, importing three times its exports, has been offset somewhat by international aid, domestic restructuring of the economy, and foreign direct investment.

Aruba: Tourism is the mainstay of the Aruban economy, although offshore banking and oil refining and storage are also important. The rapid growth of the tourism sector over the last decade has resulted in a substantial expansion of other activities. Construction has boomed, with hotel capacity five times the 1985 level. In addition, the reopening of the country's oil refinery in 1993, a major source of employment and foreign exchange earnings, has further spurred growth. Aruba's small labor force and less than 1% unemployment rate have led to a large number of unfilled job vacancies, despite sharp rises in wage rates in recent years.

Ashmore and Cartier Islands: no economic activity

Atlantic Ocean: The Atlantic Ocean provides some of the world's most heavily trafficked sea routes, between and within the Eastern and Western Hemispheres. Other economic activity includes the exploitation of natural resources, e.g., fishing, the dredging of aragonite sands (The Bahamas), and production of crude oil and natural gas (Caribbean Sea, Gulf of Mexico, and North Sea).

Australia: Australia has a prosperous Western-style capitalist economy, with a per capita GDP at the level of the four dominant West European economies. Rich in natural resources, Australia is a major exporter of agricultural products, minerals, metals, and fossil fuels. Commodities account for 57% of the value of total exports, so that a downturn in world commodity prices can have a big impact on the economy. The government is pushing for increased exports of manufactured goods, but competition in international markets continues to be severe. While Australia has suffered from the low growth and high unemployment characterizing the OECD countries in the early 1990s and during the recent financial problems in East Asia, the economy has expanded at a solid 4% annual growth pace in the last five years. Canberra's emphasis on reforms is a key factor behind the economy's resilience to the regional crisis and its stronger than expected growth rate. Growth in 2001 will depend on key international commodity prices, the extent of recovery in nearby Asian economies, and the strength of US and European markets.

Austria: Austria with its well-developed market economy and high standard of living is closely tied to other EU economies, especially Germany's. Membership in the EU has drawn an influx of foreign investors attracted by Austria's access to the single European market and proximity to EU aspirant economies. In 2000, Austria moved to further cut government spending and raise taxes to meet EMU deficit targets after facing unexpected difficulties in reducing the public deficit. To meet increased competition from both EU and Central European countries, Austria will need to emphasize knowledge-based sectors of the economy and continue to deregulate the service sector. Growth is expected to remain at about 3% in 2001.

Azerbaijan: Azerbaijan's most prominent products are oil, cotton, and natural gas. Azerbaijan's oil production declined through 1997 but has registered an increase every year since. Negotiation of 19 production-sharing arrangements (PSAs) with foreign firms, which have thus far committed $60 billion to oil field development, should generate the funds needed to spur future industrial development. Oil production under the first of these PSAs, with the Azerbaijan International Operating Company, began in November 1997. Azerbaijan shares all the formidable problems of the former Soviet republics in making the transition from a command to a market economy, but its considerable energy resources brighten its long-term prospects. Baku has only recently begun making progress on economic reform, and old economic ties and structures are slowly being replaced. An obstacle to economic progress, including stepped up foreign investment, is the continuing conflict with Armenia over the Nagorno-Karabakh region. Trade with Russia and the other former Soviet republics is declining in importance while trade is building up with Turkey, Iran, UAE, and the nations of Europe. Long-term prospects will depend on world oil prices, the location of new pipelines in the region, and Azerbaijan's ability to manage its oil wealth.

Bahamas, The: The Bahamas is a stable, developing nation with an economy heavily dependent on tourism and offshore banking. Tourism alone accounts for more than 60% of GDP and directly or indirectly employs 40% of the archipelago's labor force. Moderate growth in tourism receipts and a boom in construction of new hotels, resorts, and residences led to an increase of the country's GDP by an estimated 3% in 1998, 6% in 1999, and 4.5% in 2000. Manufacturing and agriculture together contribute only 10% of GDP and show little growth, despite government incentives aimed at those sectors. Overall growth prospects in the short run will depend heavily on the fortunes of the tourism sector and continued sturdy growth in the US, which accounts for the majority of tourist visitors.

Bahrain: In Bahrain, petroleum production and refining account for about 60% of export receipts, 60% of government revenues, and 30% of GDP. With its highly developed communication and transport facilities, Bahrain is home to numerous multinational firms with business in the Gulf. Bahrain is dependent on Saudi Arabia for oil revenue granted as aid. A large share of exports consists of petroleum products made from imported crude. Construction proceeds on several major industrial projects. Unemployment, especially among the young, and the depletion of both oil and underground water resources are major long-term economic problems.

Baker Island: no economic activity

Bangladesh: Despite sustained domestic and international efforts to improve economic and demographic prospects, Bangladesh remains one of the world's poorest, most densely populated, and least developed nations. Although more than half of GDP is generated through the service sector, nearly two-thirds of Bangladeshis are employed in the agriculture sector, with rice as the single most important product. Major impediments to growth include frequent cyclones and floods, inefficient state-owned enterprises, inadequate port facilities, a rapidly growing labor force that cannot be absorbed by agriculture, delays in exploiting energy resources (natural gas), insufficient power supplies, and slow implementation of economic reforms. Reform is stalled in many instances by political infighting and corruption at all levels of government. Even so, Prime Minister Sheikh HASINA's Awami League government has made some headway improving the climate for foreign investors and liberalizing the capital markets. Progress on other economic reforms has been halting because of opposition from the bureaucracy, public sector unions, and other vested interest groups.

Barbados: Historically, the Barbadian economy had been dependent on sugarcane cultivation and related activities, but production in recent years has diversified into manufacturing and tourism. The start of the Port Charles Marina project in Speightstown helped the tourism industry continue to expand in 1996-2000. Offshore finance and information services are important foreign exchange earners, and there is also a light manufacturing sector. The government continues its efforts to reduce unemployment, encourage direct foreign investment, and privatize remaining state-owned enterprises. Growth should remain steady in 2001, with new tourist facilities a plus factor.

Bassas da India: no economic activity

Belarus: Belarus has seen little structural reform since 1995, when President LUKASHENKO launched the country on the path of "market socialism." In keeping with this policy, LUKASHENKO reimposed administrative controls over prices and currency exchange rates and expanded the state's right to intervene in the management of private enterprise. In addition to the burdens imposed by extremely high inflation, businesses have been subject to pressure on the part of central and local governments, e.g., arbitrary changes in regulations, numerous rigorous inspections, and retroactive application of new business regulations prohibiting practices that had been legal. Further economic problems are two consecutive bad harvests, 1998-99, and persistent trade deficits. Close relations with Russia, possibly leading to reunion, color the pattern of economic developments. For the time being, Belarus remains self-isolated from the West and its open-market economies.

Belgium: This modern private enterprise economy has capitalized on its central geographic location, highly developed transport network, and diversified industrial and commercial base. Industry is concentrated mainly in the populous Flemish area in the north, although the government is encouraging investment in the southern region of Wallonia. With few natural resources, Belgium must import substantial quantities of raw materials and export a large volume of manufactures, making its economy unusually dependent on the state of world markets. About three-quarters of its trade is with other EU countries. Belgium's public debt is expected to fall below 100% of GDP in 2002, and the government has succeeded in balancing is budget. Belgium became a charter member of the European Monetary Union (EMU) in January 1999. Economic growth in 2000 was broad based, putting the government in a good position to pursue its energy market liberalization policies and planned tax cuts.

Belize: The small, essentially private enterprise economy is based primarily on agriculture, agro-based industry, and merchandising, with tourism and construction assuming greater importance. Sugar, the chief crop, accounts for nearly half of exports, while the banana industry is the country's largest employer. The government's tough austerity program in 1997 resulted in an economic slowdown that continued in 1998. The trade deficit has been growing, mostly as a result of low export prices for sugar and bananas. The tourist and construction sectors strengthened in early 1999, supporting growth of 6% in 1999 and 4% in 2000. Aided by international donors, the government's key short-term objective remains the reduction of poverty.

Benin: The economy of Benin remains underdeveloped and dependent on subsistence agriculture, cotton production, and regional trade. Growth in real output averaged a sound 5% in 1996-99, but a rapid population rise offset much of this growth. Inflation has subsided over the past several years. Commercial and transport activities, which make up a large part of GDP, are vulnerable to developments in Nigeria, particularly fuel shortages. The Paris Club and bilateral creditors have eased the external debt situation in recent years. While high fuel prices constrained growth in 2000, increased cotton production - enabled by a major restructuring program - and an expansion of the Cotonou port, may lead to increased growth in 2001.

Bermuda: Bermuda enjoys one of the highest per capita incomes in the world, having successfully exploited its location by providing financial services for international firms and luxury tourist facilities for 360,000 visitors annually. The tourist industry, which accounts for an estimated 28% of GDP, attracts 84% of its business from North America. The industrial sector is small, and agriculture is severely limited by a lack of suitable land. About 80% of food needs are imported. International business contributes over 60% of Bermuda's economic output; a failed independence vote in late 1995 can be partially attributed to Bermudian fears of scaring away foreign firms. Government economic priorities are the further strengthening of the tourist and international financial sectors.

Bhutan: The economy, one of the world's smallest and least developed, is based on agriculture and forestry, which provide the main livelihood for more than 90% of the population. Agriculture consists largely of subsistence farming and animal husbandry. Rugged mountains dominate the terrain and make the building of roads and other infrastructure difficult and expensive. The economy is closely aligned with India's through strong trade and monetary links. The industrial sector is technologically backward, with most production of the cottage industry type. Most development projects, such as road construction, rely on Indian migrant labor. Bhutan's hydropower potential and its attraction for tourists are key resources. The Bhutanese Government has made some progress in expanding the nation's productive base and improving social welfare. Model education, social, and environment programs in Bhutan are underway with support from multilateral development organizations. Each economic program takes into account the government's desire to protect the country's environment and cultural traditions. Detailed controls and uncertain policies in areas like industrial licensing, trade, labor, and finance continue to hamper foreign investment.

Bolivia: Bolivia, long one of the poorest and least developed Latin American countries, has made considerable progress toward the development of a market-oriented economy. Successes under President SANCHEZ DE LOZADA (1993-97) included the signing of a free trade agreement with Mexico and joining the Southern Cone Common Market (Mercosur), as well as the privatization of the state airline, telephone company, railroad, electric power company, and oil company. His successor, Hugo BANZER Suarez has tried to further improve the country's investment climate with an anticorruption campaign. Growth slowed in 1999, in part due to tight government budget policies, which limited needed appropriations for anti-poverty programs, and the fallout from the Asian financial crisis. In 2000, major civil disturbances in April, and again in September and October, held down overall growth to 2.5%.

Bosnia and Herzegovina: Bosnia and Herzegovina ranked next to The Former Yugoslav Republic of Macedonia as the poorest republic in the old Yugoslav federation. Although agriculture is almost all in private hands, farms are small and inefficient, and the republic traditionally is a net importer of food. Industry has been greatly overstaffed, one reflection of the socialist economic structure of Yugoslavia. TITO had pushed the development of military industries in the republic with the result that Bosnia hosted a large share of Yugoslavia's defense plants. The bitter interethnic warfare in Bosnia caused production to plummet by 80% from 1990 to 1995, unemployment to soar, and human misery to multiply. With an uneasy peace in place, output recovered in 1996-98 at high percentage rates from a low base; but output growth slowed appreciably in 1999 and 2000, and GDP remains far below the 1990 level. Economic data are of limited use because, although both entities issue figures, national-level statistics are not available. Moreover, official data do not capture the large share of activity that occurs on the black market. The marka - the national currency introduced in 1998 - has gained wide acceptance, and the Central Bank of Bosnia and Herzegovina has dramatically increased its reserve holdings. Implementation of privatization, however, has been slower than anticipated. Banking reform accelerated in early 2001 as all the communist-era payments bureaus were shut down. The country receives substantial amounts of reconstruction assistance and humanitarian aid from the international community but will have to prepare for an era of declining assistance.

Botswana: Botswana has maintained one of the world's highest growth rates since independence in 1966. Through fiscal discipline and sound management, Botswana has transformed itself from one of the poorest countries in the world to a middle-income country with a per capita GDP of $6,600 in 2000. Diamond mining has fueled much of Botswana's economic expansion and currently accounts for more than one-third of GDP and for three-fourths of export earnings. Tourism, subsistence farming, and cattle raising are other key sectors. The government must deal with high rates of unemployment and poverty. Unemployment officially is 19%, but unofficial estimates place it closer to 40%. HIV/AIDS infection rates are the highest in the world and threaten Botswana's impressive economic gains.

Bouvet Island: no economic activity; declared a nature reserve

Brazil: Possessing large and well-developed agricultural, mining, manufacturing, and service sectors, Brazil's economy outweighs that of all other South American countries and is expanding its presence in world markets. In the late eighties and early nineties, high inflation hindered economic activity and investment. "The Real Plan", instituted in the spring of 1994, sought to break inflationary expectations by pegging the real to the US dollar. Inflation was brought down to single digit annual figures, but not fast enough to avoid substantial real exchange rate appreciation during the transition phase of the "Real Plan". This appreciation meant that Brazilian goods were now more expensive relative to goods from other countries, which contributed to large current account deficits. However, no shortage of foreign currency ensued because of the financial community's renewed interest in Brazilian markets as inflation rates stabilized and the debt crisis of the eighties faded from memory. The maintenance of large current account deficits via capital account surpluses became problematic as investors became more risk averse to emerging market exposure as a consequence of the Asian financial crisis in 1997 and the Russian bond default in August 1998. After crafting a fiscal adjustment program and pledging progress on structural reform, Brazil received a $41.5 billion IMF-led international support program in November 1998. In January 1999, the Brazilian Central Bank announced that the real would no longer be pegged to the US dollar. This devaluation helped moderate the downturn in economic growth in 1999 that investors had expressed concerns about over the summer of 1998. Brazil's debt to GDP ratio for 1999 beat the IMF target and helped reassure investors that Brazil will maintain tight fiscal and monetary policy even with a floating currency. The economy continued to recover in 2000, with inflation remaining in the single digits and expected growth for 2001 of 4.5%. Foreign direct investment set a record of more than $30 billion in 2000.

British Indian Ocean Territory: All economic activity is concentrated on the largest island of Diego Garcia, where joint UK-US defense facilities are located. Construction projects and various services needed to support the military installations are done by military and contract employees from the UK, Mauritius, the Philippines, and the US. There are no industrial or agricultural activities on the islands. When the Ilois return, they plan to reestablish sugarcane production and fishing.

British Virgin Islands: The economy, one of the most stable and prosperous in the Caribbean, is highly dependent on tourism, which generates an estimated 45% of the national income. An estimated 350,000 tourists, mainly from the US, visited the islands in 1997. In the mid-1980s, the government began offering offshore registration to companies wishing to incorporate in the islands, and incorporation fees now generate substantial revenues. An estimated 250,000 companies were on the offshore registry by yearend 1997. The adoption of a comprehensive insurance law in late 1994, which provides a blanket of confidentiality with regulated statutory gateways for investigation of criminal offenses, is expected to make the British Virgin Islands even more attractive to international business. Livestock raising is the most important agricultural activity; poor soils limit the islands' ability to meet domestic food requirements. Because of traditionally close links with the US Virgin Islands, the British Virgin Islands has used the dollar as its currency since 1959.

Brunei: This small, wealthy economy is a mixture of foreign and domestic entrepreneurship, government regulation and welfare measures, and village tradition. Exports of crude oil and natural gas account for over half of GDP. Per capita GDP is far above most other Third World countries, and substantial income from overseas investment supplements income from domestic production. The government provides for all medical services and subsidizes rice and housing. Brunei's leaders are concerned that steadily increased integration in the world economy will undermine internal social cohesion although it became a more prominent player by serving as chairman for the 2000 APEC (Asian Pacific Economic Cooperation) forum. Plans for the future include upgrading the labor force, reducing unemployment, strengthening the banking and tourist sectors, and, in general, a further widening of the economic base beyond oil and gas.

Bulgaria: Bulgaria, a former communist country struggling to enter the European market economy, suffered a major economic downturn in 1996 and 1997, with triple digit inflation and GDP contraction of 10.6% and 6.9%. The current government - which took office in May 1997 after pre-term parliamentary elections - stabilized the economy and promoted growth by implementing a currency board, practicing sound financial policies, invigorating privatization, and pursuing structural reforms. Additionally, strong assistance from international financial institutions - most notably the IMF which approved a three-year Extended Fund Facility worth approximately $900 million in September 1998 - played a critical role in turning the economy around. After several years of tumult, Bulgaria's economy has stabilized. Its better-than-expected economic performance in 1999 - despite the impact of the Kosovo conflict, the 1998 Russian financial crisis, and structural reforms - and strong growth in 2000 portends solid growth over the next few years; this assumes continued fiscal restraint, additional structural reforms, aid from abroad, and prosperous times in the EU economy.

Burkina Faso: One of the poorest countries in the world, landlocked Burkina Faso has a high population density, few natural resources, and a fragile soil. About 90% of the population is engaged in (mainly subsistence) agriculture which is highly vulnerable to variations in rainfall. Industry remains dominated by unprofitable government-controlled corporations. Following the African franc currency devaluation in January 1994 the government updated its development program in conjunction with international agencies, and exports and economic growth have increased. Maintenance of its macroeconomic progress in 2001-02 depends on continued low inflation, reduction in the trade deficit, and reforms designed to encourage private investment.

Burma: Burma has a mixed economy with private activity dominant in agriculture, light industry, and transport, and with substantial state-controlled activity, mainly in energy, heavy industry, and the rice trade. Government policy in the 1990s has aimed at revitalizing the economy after three decades of tight central planning. Private activity markedly increased in the early to mid-1990s, but began to decline in the past several years due to frustrations with the unfriendly business environment and political pressure from western nations. Published estimates of Burma's foreign trade are greatly understated because of the volume of black-market, illicit, and border trade. A major ongoing problem is the failure to achieve monetary and fiscal stability. Burma remains a poor Asian country and living standards for the majority have not improved over the past decade. Short-term growth will continue to be restrained because of poor government planning and minimal foreign investment.

Burundi: Burundi is a landlocked, resource-poor country with an underdeveloped manufacturing sector. The economy is predominantly agricultural with roughly 90% of the population dependent on subsistence agriculture. Its economic health depends on the coffee crop, which accounts for 80% of foreign exchange earnings. The ability to pay for imports therefore rests largely on the vagaries of the climate and the international coffee market. Since October 1993 the nation has suffered from massive ethnic-based violence which has resulted in the death of perhaps 250,000 persons and the displacement of about 800,000 others. Only one in four children go to school, and one in nine adults has HIV/AIDS. Foods, medicines, and electricity remain in short supply.

Cambodia: Cambodia's economy slowed dramatically in 1997-98 due to the regional economic crisis, civil violence, and political infighting. Foreign investment and tourism fell off. In 1999, the first full year of peace in 30 years, progress was made on economic reforms and growth resumed at 4%. GDP growth for 2000 had been projected to reach 5.5%, but the worst flooding in 70 years severely damaged agricultural crops, and high oil prices hurt industrial production, and growth for the year is estimated at only 4%. Tourism is Cambodia's fastest growing industry, with arrivals up 34% in 2000. The long-term development of the economy after decades of war remains a daunting challenge. The population lacks education and productive skills, particularly in the poverty-ridden countryside, which suffers from an almost total lack of basic infrastructure. Fear of renewed political instability and corruption within the government discourage foreign investment and delay foreign aid. On the brighter side, the government is addressing these issues with assistance from bilateral and multilateral donors.

Cameroon: Because of its oil resources and favorable agricultural conditions, Cameroon has one of the best-endowed primary commodity economies in sub-Saharan Africa. Still, it faces many of the serious problems facing other underdeveloped countries, such as a top-heavy civil service and a generally unfavorable climate for business enterprise. Since 1990, the government has embarked on various IMF and World Bank programs designed to spur business investment, increase efficiency in agriculture, improve trade, and recapitalize the nation's banks. In June 2000, the government completed an IMF-sponsored, three-year structural adjustment program; however, the IMF is pressing for more reforms, including increased budget transparency and privatization. Higher oil prices in 2000 helped to offset the country's lower cocoa export revenues. A rebound in the cocoa market should increase growth to over 5% in 2001.

Canada: As an affluent, high-tech industrial society, Canada today closely resembles the US in its market-oriented economic system, pattern of production, and high living standards. Since World War II, the impressive growth of the manufacturing, mining, and service sectors has transformed the nation from a largely rural economy into one primarily industrial and urban. Real rates of growth have averaged nearly 3.0% since 1993. Unemployment is falling and government budget surpluses are being partially devoted to reducing the large public sector debt. The 1989 US-Canada Free Trade Agreement (FTA) and 1994 North American Free Trade Agreement (NAFTA) (which included Mexico) have touched off a dramatic increase in trade and economic integration with the US. With its great natural resources, skilled labor force, and modern capital plant Canada enjoys solid economic prospects. Two shadows loom, the first being the continuing constitutional impasse between English- and French-speaking areas, which has been raising the possibility of a split in the federation. Another long-term concern is the flow south to the US of professional persons lured by higher pay, lower taxes, and the immense high-tech infrastructure.

Cape Verde: Cape Verde's low per capita GDP reflects a poor natural resource base, including serious water shortages exacerbated by cycles of long-term drought. The economy is service-oriented, with commerce, transport, and public services accounting for almost 70% of GDP. Although nearly 70% of the population lives in rural areas, the share of agriculture in GDP in 1998 was only 13%, of which fishing accounts for 1.5%. About 90% of food must be imported. The fishing potential, mostly lobster and tuna, is not fully exploited. Cape Verde annually runs a high trade deficit, financed by foreign aid and remittances from emigrants; remittances constitute a supplement to GDP of more than 20%. Economic reforms, launched by the new democratic government in 1991, are aimed at developing the private sector and attracting foreign investment to diversify the economy. Prospects for 2001 depend heavily on the maintenance of aid flows, remittances, and the momentum of the government's development program.

Cayman Islands: With no direct taxation, the islands are a thriving offshore financial center. More than 40,000 companies were registered in the Cayman Islands as of 1997, including almost 600 banks and trust companies; banking assets exceed $500 billion. A stock exchange was opened in 1997. Tourism is also a mainstay, accounting for about 70% of GDP and 75% of foreign currency earnings. The tourist industry is aimed at the luxury market and caters mainly to visitors from North America. Total tourist arrivals exceeded 1.2 million visitors in 1997. About 90% of the islands' food and consumer goods must be imported. The Caymanians enjoy one of the highest outputs per capita and one of the highest standards of living in the world.

Central African Republic: Subsistence agriculture, together with forestry, remains the backbone of the economy of the Central African Republic (CAR), with more than 70% of the population living in outlying areas. The agricultural sector generates half of GDP. Timber has accounted for about 16% of export earnings and the diamond industry for nearly 54%. Important constraints to economic development include the CAR's landlocked position, a poor transportation system, a largely unskilled work force, and a legacy of misdirected macroeconomic policies. The 50% devaluation of the currencies of 14 Francophone African nations on 12 January 1994 had mixed effects on the CAR's economy. Diamond, timber, coffee, and cotton exports increased, leading an estimated rise of GDP of 7% in 1994 and nearly 5% in 1995. Military rebellions and social unrest in 1996 were accompanied by widespread destruction of property and a drop in GDP of 2%. The IMF approved an Extended Structure Adjustment Facility in 1998 and the World Bank extended further credits in 1999 and approved a $10 million loan in early 2001. The government has set targets of 3.5% GDP growth in 2001 and 2002. As of January 2001, many civil servants were owed as much as 30 months pay, leading them to go on strike and further damaging the economy.

Chad: Landlocked Chad's economic development suffers from its geographic remoteness, drought, lack of infrastructure, and political turmoil. About 85% of the population depends on agriculture, including the herding of livestock. Of Africa's Francophone countries, Chad benefited least from the 50% devaluation of their currencies in January 1994. Financial aid from the World Bank, the African Development Fund, and other sources is directed largely at the improvement of agriculture, especially livestock production. The World Bank's decision to back the Doba oil field development and the Chad-Cameroon pipeline will add Chad to the group of already booming West African oil exporters. However, the rank and file may not benefit much from the oil development projects.

Chile: Chile has a market-oriented economy characterized by a high level of foreign trade. During the early 1990s, Chile's reputation as a role model for economic reform was strengthened when the democratic government of Patricio AYLWIN - which took over from the military in 1990 - deepened the economic reform initiated by the military government. Growth in real GDP averaged 8% during 1991-97, but fell to half that level in 1998 because of tight monetary policies implemented to keep the current account deficit in check and lower export earnings - the latter a product of the global financial crisis. A severe drought exacerbated the recession in 1999, reducing crop yields and causing hydroelectric shortfalls and electricity rationing, and Chile experienced negative economic growth for the first time in more than 15 years. Despite the effects of the recession, Chile maintained its reputation for strong financial institutions and sound policy that have given it the strongest sovereign bond rating in South America. By the end of 1999, exports and economic activity had begun to recover, and growth rebounded to 5.5% in 2000. Unemployment remains stubbornly high, however, putting pressure on President LAGOS to improve living standards. Meanwhile, Chile has launched free trade negotiations with the US.

China: In late 1978 the Chinese leadership began moving the economy from a sluggish Soviet-style centrally planned economy to a more market-oriented system. Whereas the system operates within a political framework of strict Communist control, the economic influence of non-state managers and enterprises has been steadily increasing. The authorities have switched to a system of household responsibility in agriculture in place of the old collectivization, increased the authority of local officials and plant managers in industry, permitted a wide variety of small-scale enterprise in services and light manufacturing, and opened the economy to increased foreign trade and investment. The result has been a quadrupling of GDP since 1978. In 2000, with its 1.26 billion people but a GDP of just $3,600 per capita, China stood as the second largest economy in the world after the US (measured on a purchasing power parity basis). Agricultural output doubled in the 1980s, and industry also posted major gains, especially in coastal areas near Hong Kong and opposite Taiwan, where foreign investment helped spur output of both domestic and export goods. On the darker side, the leadership has often experienced in its hybrid system the worst results of socialism (bureaucracy and lassitude) and of capitalism (windfall gains and stepped-up inflation). Beijing thus has periodically backtracked, retightening central controls at intervals. The government has struggled to (a) collect revenues due from provinces, businesses, and individuals; (b) reduce corruption and other economic crimes; and (c) keep afloat the large state-owned enterprises many of which had been shielded from competition by subsides and had been losing the ability to pay full wages and pensions. From 80 to 120 million surplus rural workers are adrift between the villages and the cities, many subsisting through part-time low-paying jobs. Popular resistance, changes in central policy, and loss of authority by rural cadres have weakened China's population control program, which is essential to maintaining growth in living standards. Another long-term threat to continued rapid economic growth is the deterioration in the environment, notably air pollution, soil erosion, and the steady fall of the water table especially in the north. China continues to lose arable land because of erosion and economic development. Weakness in the global economy in 2001 could hamper growth in exports. Beijing will intensify efforts to stimulate growth through spending on infrastructure—such as water control and power grids—and poverty relief and through rural tax reform aimed at eliminating arbitrary local levies on farmers.

Christmas Island: Phosphate mining had been the only significant economic activity, but in December 1987 the Australian Government closed the mine. In 1991, the mine was reopened by union workers. With the support of the government, Australian-based Casinos Austria International Ltd. built a $34 million casino on Christmas Island, which opened in 1993. As of yearend 1999, gaming facilities at the casino were temporarily closed but were expected to reopen in early 2000. Another economic prospect is the possible location of a space-launching site on the island.

Clipperton Island: Although 115 species of fish have been identified in the territorial waters of Clipperton Island, the only economic activity is tuna fishing.

Cocos (Keeling) Islands: Grown throughout the islands, coconuts are the sole cash crop. Copra and fresh coconuts are the major export earners. Small local gardens and fishing contribute to the food supply, but additional food and most other necessities must be imported from Australia.

Colombia: Colombia is poised for muted growth in the next several years, marking continued recovery from the severe 1999 recession when GDP fell by about 4%. President PASTRANA's well-respected economic team is working to keep the economy on track, maintaining low interest rates, for example. In accordance with its IMF loan agreement, the administration also is taking steps to improve the public sector's fiscal health. However, many challenges to improved prosperity remain. Unemployment was stuck at a record 20% in 2000, contributing to the extreme inequality in income distribution. Two of Colombia's leading exports, oil and coffee, face an uncertain future; new exploration is needed to offset declining oil production, while coffee harvests and prices are depressed. The lack of public security is a key concern for investors, making progress in the government's peace negotiations with insurgent groups an important driver of economic performance. Colombia is looking for continued support from the international community to boost economic and peace prospects.

Comoros: One of the world's poorest countries, Comoros is made up of three islands that have inadequate transportation links, a young and rapidly increasing population, and few natural resources. The low educational level of the labor force contributes to a subsistence level of economic activity, high unemployment, and a heavy dependence on foreign grants and technical assistance. Agriculture, including fishing, hunting, and forestry, is the leading sector of the economy. It contributes 40% to GDP, employs 80% of the labor force, and provides most of the exports. The country is not self-sufficient in food production; rice, the main staple, accounts for the bulk of imports. The government is struggling to upgrade education and technical training, to privatize commercial and industrial enterprises, to improve health services, to diversify exports, to promote tourism, and to reduce the high population growth rate. Continued foreign support is essential if the goal of 4% annual GDP growth is to be met. Remittances from 150,000 Comorans abroad help supplement GDP.

Congo, Democratic Republic of the: The economy of the Democratic Republic of the Congo - a nation endowed with vast potential wealth - has declined drastically since the mid-1980s. The new government instituted a tight fiscal policy that initially curbed inflation and currency depreciation, but these small gains were quickly reversed when the foreign-backed rebellion in the eastern part of the country began in August 1998. The war has dramatically reduced national output and government revenue and has increased external debt. Foreign businesses have curtailed operations due to uncertainty about the outcome of the conflict and because of increased government harassment and restrictions. The war has intensified the impact of such basic problems as an uncertain legal framework, corruption, raging inflation, and lack of openness in government economic policy and financial operations. A number of IMF and World Bank missions have met with the government to help it develop a coherent economic plan but associated reforms are on hold.

Congo, Republic of the: The economy is a mixture of village agriculture and handicrafts, an industrial sector based largely on oil, support services, and a government characterized by budget problems and overstaffing. Oil has supplanted forestry as the mainstay of the economy, providing a major share of government revenues and exports. In the early 1980s, rapidly rising oil revenues enabled the government to finance large-scale development projects with GDP growth averaging 5% annually, one of the highest rates in Africa. Moreover, the government has mortgaged a substantial portion of its oil earnings, contributing to the government's shortage of revenues. The 12 January 1994 devaluation of Franc Zone currencies by 50% resulted in inflation of 61% in 1994, but inflation has subsided since. Economic reform efforts continued with the support of international organizations, notably the World Bank and the IMF. The reform program came to a halt in June 1997 when civil war erupted. Denis SASSOU-NGUESSO, who returned to power when the war ended in October 1997, publicly expressed interest in moving forward on economic reforms and privatization and in renewing cooperation with international financial institutions. However, economic progress was badly hurt by slumping oil prices and the resumption of armed conflict in December 1998, which worsened the Republic of the Congo's budget deficit. Even with the IMF's renewed confidence and high world oil prices, Congo is unlikely to realize growth of more than 5% in 2001-02. With the return to fragile peace, the IMF approved a $14 million credit in November 2000 to aid post-conflict reconstruction.

Cook Islands: Like many other South Pacific island nations, the Cook Islands' economic development is hindered by the isolation of the country from foreign markets, the limited size of domestic markets, lack of natural resources, periodic devastation from natural disasters, and inadequate infrastructure. Agriculture provides the economic base with major exports made up of copra and citrus fruit. Manufacturing activities are limited to fruit processing, clothing, and handicrafts. Trade deficits are made up for by remittances from emigrants and by foreign aid, overwhelmingly from New Zealand. In the 1980s and 1990s, the country lived beyond its means, maintaining a bloated public service and accumulating a large foreign debt. Subsequent reforms, including the sale of state assets, the strengthening of economic management, the encouragement of tourism, and a debt restructuring agreement, have rekindled investment and growth.

Coral Sea Islands: no economic activity

Costa Rica: Costa Rica's basically stable economy depends on tourism, agriculture, and electronics exports. Poverty has been substantially reduced over the past 15 years, and a strong social safety net has been put into place. Foreign investors remain attracted by the country's political stability and high education levels, and tourism continues to bring in foreign exchange. However, traditional export sectors have not kept pace. Low coffee prices and an overabundance of bananas have hurt the agricultural sector. The government continues to grapple with its large deficit and massive internal debt and with the need to modernize the state-owned electricity and telecommunications sector.

Cote d'Ivoire: Cote d'Ivoire is among the world's largest producers and exporters of coffee, cocoa beans, and palm oil. Consequently, the economy is highly sensitive to fluctuations in international prices for these products and to weather conditions. Despite government attempts to diversify the economy, it is still largely dependent on agriculture and related activities, which engage roughly 68% of the population. After several years of lagging performance, the Ivorian economy began a comeback in 1994, due to the 50% devaluation of the CFA franc and improved prices for cocoa and coffee, growth in nontraditional primary exports such as pineapples and rubber, limited trade and banking liberalization, offshore oil and gas discoveries, and generous external financing and debt rescheduling by multilateral lenders and France. Moreover, government adherence to donor-mandated reforms led to a jump in growth to 5% annually in 1996-99. Growth was negative in 2000 because of the difficulty of meeting the conditions of international donors, continued low prices of key exports, and post-coup instability. In 2001-02, a moderate rebound in the cocoa market could boost growth back above 3%; however, political instability could impede growth again.

Croatia: Before the dissolution of Yugoslavia, the Republic of Croatia, after Slovenia, was the most prosperous and industrialized area, with a per capita output perhaps one-third above the Yugoslav average. Croatia faces considerable economic problems stemming from: the legacy of longtime communist mismanagement of the economy; damage during the internecine fighting to bridges, factories, power lines, buildings, and houses; the large refugee and displaced population, both Croatian and Bosnian; and the disruption of economic ties. Stepped-up Western aid and investment, especially in the tourist and oil industries, would help bolster the economy. The economy emerged from its mild recession in 2000 with tourism the main factor. Massive unemployment remains a key negative element. The government's failure to press the economic reforms needed to spur growth is largely the result of coalition politics and public resistance, particularly from the trade unions, to measures that would cut jobs, wages, or social benefits.

Cuba: The government, the primary player in the economy, has undertaken limited reforms in recent years to stem excess liquidity, increase enterprise efficiency, and alleviate serious shortages of food, consumer goods, and services, but prioritizing of political control makes extensive reforms unlikely. Living standards for the average Cuban, without access to dollars, remain at a depressed level compared with 1990. The liberalized farmers' markets introduced in 1994, sell above-quota production at market prices, expand legal consumption alternatives, and reduce black market prices. Income taxes and increased regulations introduced since 1996 have sharply reduced the number of legally self-employed from a high of 208,000 in January 1996. Havana announced in 1995 that GDP declined by 35% during 1989-93 as a result of lost Soviet aid and domestic inefficiencies. The slide in GDP came to a halt in 1994 when Cuba reported growth in GDP of 0.7%. Cuba reported that GDP increased by 2.5% in 1995 and 7.8% in 1996, before slowing down in 1997 and 1998 to 2.5% and 1.2% respectively. Growth recovered with a 6.2% increase in GDP in 1999 and a 5.6% increase in 2000. Much of Cuba's recovery can be attributed to tourism revenues and foreign investment. Growth in 2001 should continue at the same level as the government balances the need for economic loosening against its concern for firm political control.