Note: GDP-weighted average across 32 low-income countries. "Bilateral" includes public and publicly guaranteed (PPG) loans from governments and their agencies (including central banks), loans from autonomous bodies, and direct loans from official export credit agencies. "Multilateral" includes PPG loans and credits from the World Bank, regional development banks, and other multilateral and intergovernmental agencies. It excludes loans from funds administered by an international organization on behalf of a single donor government. "Bonds" include PPG bonds that are either publicly issued or privately placed. "Commercial" includes PPG debt from commercial bank loans from private banks and other private financial institutions, as well as export and supplier credits.