The government?s external debt has reached nearly one-third of the Gross Domestic Product (GDP), standing at 32.7% of the GDP at the present time. From 20.9% in 2002, the debt grew to 32.7% in 2003, due in large part to a 121.9% increase in disbursements in the medium and long ranges. This includes the US$600-million second bond emission, the US$121.6-million payout during the first part of the IMF agreement and the US$155.2-million financing from the Inter-American Development Bank (IDB). Service obligations on the public debt grew from 4.1% of the GDP in 2002, to 6.6% of the GDP in 2003.