Bilateral debt includes loans from governments and their agencies (including central banks), loans from autonomous bodies, and direct loans from official export credit agencies. Net flows (or net lending or net disbursements) received by the borrower during the year are disbursements minus principal repayments. Data are in current U.S. dollars. Statistical concept and methodology: Data show concessional and nonconcessional financial flows from official bilateral sources. The Organisation for Economic Co-operation and Development's (OECD) Development Assistance Committee (DAC) defines concessional flows from bilateral donors as flows with a grant element of at least 25 percent; they are evaluated assuming a 10 percent nominal discount rate.