Table 1. Key IMF Financial Statistics |
as of December 24, 2009 |
(In billions of SDRs, and end of period, unless indicated otherwise)¹ |
(For definitions, see below)
|
|
|
|
2009
|
|
|
2008 |
Q1 |
Q2 |
Q3 |
Q4 to date |
|
Financial Assistance |
|
GRA |
|
|
|
Purchases (during period) |
13.4 |
2.9 |
9.0 |
5.8 |
1.7 |
|
Of which: financed by Fund borrowings |
-- |
-- |
-- |
2.8 |
0.7 |
|
Repurchases (during period) |
1.9 |
0.5 |
0.1 |
0.0 |
0.0 |
|
Credit outstanding |
17.5 |
19.9 |
28.7 |
34.5 |
36.1 |
|
|
|
|
|
|
|
|
PRGF-ESF |
|
|
|
|
|
|
Disbursements (during period) |
0.6 |
0.2 |
0.7 |
0.4 |
0.2 |
|
Repayments (during period) |
0.5 |
0.1 |
0.2 |
0.1 |
0.1 |
|
Credit outstanding |
4.0 |
4.1 |
4.6 |
4.9 |
5.0 |
|
|
|
|
|
|
|
|
HIPC (SDR millions) |
|
|
|
|
|
|
Number of countries |
35 |
35 |
35 |
35 |
35 |
|
Commitments (cumulative) |
2,324 |
2,324 |
2,349 |
2,349 |
2,349 |
|
Disbursements (cumulative) |
1,716 |
1,754 |
1,759 |
1,772 |
1,819 |
|
Of which: Interim assistance |
667 |
682 |
687 |
687 |
734 |
|
Completion point assistance |
1,049 |
1,071 |
1,071 |
1,085 |
1,085 |
|
|
|
|
|
|
|
|
MDRI (SDR millions) |
|
|
|
|
|
|
Number of countries |
25 |
26 |
26 |
27 |
27 |
|
Total Debt Relief (cumulative) |
2,702 |
2,728 |
2,728 |
2,732 |
2,732 |
|
Financed from: MDRI Trusts |
2,303 |
2,312 |
2,312 |
2,314 |
2,314 |
|
HIPC Umbrella Account |
399 |
416 |
416 |
418 |
418 |
|
|
|
|
|
|
|
|
Available Resources |
|
|
|
|
|
|
GRA |
|
|
|
|
|
|
Usable resources |
152.4 |
150.3 |
213.3 |
269.9 |
291.1 |
|
Of which: Available Fund borrowings |
-- |
-- |
67.4 |
125.4 |
143.0 |
2 |
Uncommitted usable resources |
132.1 |
130.7 |
134.6 |
192.0 |
212.9 |
|
Repurchases one-year forward |
0.1 |
0.1 |
0.6 |
1.0 |
1.5 |
|
Repayments of borrowing one-year forward |
-- |
-- |
-- |
-- |
-- |
|
Prudential balance |
34.7 |
34.7 |
49.2 |
61.6 |
65.3 |
3 |
One-year forward commitment capacity (FCC) |
97.6 |
96.1 |
86.0 |
131.4 |
149.2 |
|
|
|
|
|
|
|
|
PRGF-ESF Trust |
|
|
|
|
|
|
Total loan resources |
15.8 |
15.8 |
15.8 |
16.4 |
16.8 |
|
Cumulative commitments, net |
14.0 |
14.5 |
15.3 |
16.0 |
16.4 |
|
Of which: Cumulative disbursements |
13.4 |
13.6 |
14.4 |
14.7 |
14.9 |
|
Uncommitted loan resources |
1.9 |
1.3 |
0.5 |
0.5 |
0.5 |
|
|
|
|
|
|
|
|
Arrears |
|
|
|
|
|
|
GRA |
1.1 |
1.1 |
1.1 |
1.1 |
1.1 |
|
PRGF |
0.1 |
0.1 |
0.1 |
0.1 |
0.1 |
|
Trust Fund and other |
0.1 |
0.1 |
0.1 |
0.1 |
0.1 |
|
|
|
|
|
|
|
|
Rates |
|
|
|
|
|
|
US$ per SDR |
1.54027 |
1.49507 |
1.55223 |
1.58437 |
1.56865 |
|
SDR interest rate (percent) |
0.82 |
0.42 |
0.37 |
0.25 |
0.23 |
|
Rate of charge, adjusted (percent) |
1.84 |
1.43 |
1.38 |
1.26 |
1.24 |
|
Rate of remuneration, adjusted (percent) |
0.80 |
0.41 |
0.36 |
0.24 |
0.22 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1 -- indicates zero value. Totals may not add due to rounding. |
|
|
|
|
|
|
2 Includes borrowing agreements with Japan (US$100 billion), Canada (US$10 billion), Norges Bank (SDR 3 billion), the United Kingdom (SDR 9.92 billion), Deutsche Bundesbank (EUR 15 billion), De Nederlandsche Bank NV (EUR 5.31 billion), Danmarks Nationalbank (EUR 1.95 billion), France (EUR 11.06), Banco de Portugal (EUR 1.06); and note purchase agreement with People's Bank of China (SDR 32 billion). |
3 Prudential Balance reflects inclusion of newly available Fund borrowings (see attached definition). |
|
|
|
Key IMF Financial Statistics |
|
Term |
Definition |
|
|
Financial Assistance |
|
GRA |
The General Resources Account (GRA) contains IMF’s holdings of members’ currencies, SDRs, gold, and other assets. These holdings are principally derived from quota subscription payments plus any activated borrowings. |
Purchases |
GRA resources disbursed to members during the period (outflows). |
Repurchases |
GRA resources repaid by members during the period (inflows). |
Credit outstanding |
Total GRA resources disbursed less repayments. |
PRGF-ESF |
The Poverty Reduction and Growth Facility (PRGF), formerly known as the Enhanced Structural Adjustment Facility (ESAF), and the Exogenous Shocks Facility, provide loans at a concessional interest rate to eligible, low-income members. PRGF and ESF financin |
Disbursements |
Disbursements of PRGF and ESF loans during the period. |
Repayments |
Repayments of PRGF, ESF, and Structural Adjustment Facility loans during the period. |
Credit outstanding |
Total PRGF and ESF loan disbursements less repayments (including credit outstanding under Trust Fund and Structural Adjustment Facility (SAF)). |
HIPC |
Assistance provided to eligible countries under the Heavily Indebted Poor Countries (HIPC) Initiative. |
Number of countries |
Number of countries for which HIPC assistance has been committed. |
Commitments |
Cumulative commitments made to HIPC-eligible members that have reached the decision point under the HIPC Initiative; includes amounts that the IMF has indicated will be committed subject to satisfactory assurances regarding exceptional assistance to be pr |
Disbursements |
Cumulative grants to members eligible for financial assistance under the HIPC Initiative to be used to help meet debt service payments to the IMF. |
Of which: |
|
Interim assistance |
Cumulative grants to members between their decision and completion points. |
Completion point assistance |
Final grants to members at their completion points. |
MDRI |
The Multilateral Debt Relief Initiative (MDRI) provides 100% debt relief to eligible member countries that are qualified for the assistance. The debt relief covers the full stock of debt owed to the Fund as of end-2004, and still outstanding at the time t |
Number of countries |
Number of countries which have received MDRI debt relief. |
Total Debt Relief |
|
Financed from |
|
MDRI Trusts |
MDRI resources (excluding HIPC debt relief) disbursed to members during the period. |
HIPC Umbrella Account |
HIPC resources used as debt relief under the MDRI during the period. |
GRA |
|
Usable resources |
Usable resources consist of: (i) the IMF’s holdings of the currencies of members considered by the Executive Board to have a sufficiently strong balance of payments and reserve position for their currencies to be used in the financing of IMF transactions |
Uncommitted usable
resources |
Usable resources less the full amount of undrawn balances under existing arrangements. |
Repurchases one-year forward |
Repayments by member countries during the coming one-year period. These repurchases add to the supply of the IMF’s usable resources. It is assumed that repurchases would be made on an expectations basis for the SRF, and on an obligations basis under all o |
Repayments of borrowings one-year forward |
Repayment obligations on Fund borrowing and note placements in the coming one-year period, including drawings and notes reaching final maturity in the next 12 months plus any encashment requests for early repayment to be met over that same period. |
Prudential balance |
Amount set aside to safeguard the liquidity of creditors’ claims and take account of the potential erosion of the IMF’s resource base. The prudential balance is set at 20 percent of the quotas of members that issue the currencies that are used in the fina |
One-year forward commitment capacity |
A measure of the resources available for new financial commitments in the coming year, equal to uncommitted usable resources plus repurchases one-year forward less repayments of borrowing due one-year forward and less the prudential balance. |
|
|
PRGF-ESF Trust |
Trust administered by the IMF to conduct PRGF and ESF-related operations through the Loan, Reserve and Subsidy Accounts. |
Available loan resources |
Loan Account resources committed by lenders to the PRGF-ESF Trust, plus resources under an associated loan agreement with the Saudi Fund for Development. |
Cumulative commitments, net |
Cumulative commitments to borrowers, net of unused amounts under arrangements which have expired or have been canceled. |
Of which: Cumulative disbursements |
Disbursements to borrowers under PRGF and ESF arrangements. |
Uncommitted loan resources |
Available PRGF loan resources less commitments made to PRGF and ESF borrowers. |
|
|
Arrears Outstanding |
|
GRA |
Total overdue GRA financial obligations. |
PRGF |
Total overdue PRGF financial obligations. |
Trust Fund and other |
Total overdue financial obligations to the Trust Fund, Structural Adjustment Facility (SAF), and SDR Department. Although the Trust Fund and SAF are no longer operational, arrears to the Trust Fund and SAF consist of overdue repayments, interest, or charg |
|
|
Rates |
|
US$ per SDR |
Exchange rate for the SDR in terms of U.S. dollars. The method for valuing the SDR was revised effective January 1, 2006. |
|
(See: http://www.imf.org/external/np/tre/sdr/basket.htm ) |
SDR interest rate |
Interest rate calculated as a weighted average of three month market interest rates on U.S. dollar, euro, Japanese yen and pound sterling assets. The method for valuing the SDR interest rate was revised effective January 9, 2006. |
|
(See: http://www.imf.org/external/np/tre/tad/sdr_ir.cfm ) |
Rate of Charge, adjusted |
The basic rate of charge on GRA loans is equal to the SDR interest rate plus 100 basis points to cover the IMF's cost of financing, additions to reserves, and administrative expenses; and further adjusted by a small margin to compensate for income forgone |
Rate of remuneration, adjusted |
Interest rate paid to members that provide resources to the IMF. Adjusted by a small margin to allow for special additions to reserves and to compensate for income forgone because of charges in arrears. |
|
|
Investments |
|
Amount |
PRGF-ESF, PRGF-HIPC, Special Disbursement Account (SDA), and MDRI Trusts resources invested in short-term deposits and medium-term instruments with the Bank for International Settlements (BIS) and bond portfolios managed by the World Bank and private inv |
Average yield (percent) |
Weighted average yield on time deposits, two days' notice accounts, demand deposit accounts, and fixed income securities. |
Average maturity (months) |
Weighted average of remaining maturity of resources placed in time deposits and the modified duration of fixed income securities. |
Table 2a. Current Financial Arrangements (GRA) |
as of December 24, 2009 |
(In millions of SDRs)1 |
(For definitions see Attachment)
|
|
Member |
Effective |
Expiration |
Amount |
Undrawn |
Total GRA Credit
|
Date
|
Date
|
Agreed
|
Balance
|
Outstanding
|
As percent of Quota
|
|
|
|
|
|
|
|
Stand-by Arrangements |
|
Angola |
11/23/09 |
2/22/12 |
859 |
630 |
229 |
80 |
Armenia |
3/6/09 |
7/5/11 |
534 |
232 |
302 |
328 |
Belarus |
1/12/09 |
4/11/10 |
2,270 |
438 |
1,832 |
474 |
Bosnia |
7/8/09 |
6/30/12 |
1,015 |
832 |
183 |
108 |
Costa Rica |
4/11/09 |
7/10/10 |
492 |
492 |
-- |
-- |
Dominican Republic |
11/9/09 |
3/8/12 |
1,095 |
895 |
489 |
223 |
El Salvador |
1/16/09 |
3/31/10 |
514 |
514 |
-- |
-- |
Gabon |
5/7/07 |
5/6/10 |
77 |
77 |
-- |
-- |
Georgia |
9/15/08 |
6/14/11 |
747 |
365 |
383 |
254 |
Guatemala |
4/22/09 |
10/21/10 |
631 |
631 |
-- |
-- |
Hungary |
11/6/08 |
10/5/10 |
10,538 |
2,901 |
7,637 |
735 |
Iceland |
11/19/08 |
5/31/11 |
1,400 |
735 |
665 |
565 |
Latvia |
12/23/08 |
3/22/11 |
1,522 |
808 |
714 |
563 |
Maldives |
12/4/09 |
12/3/12 |
49 |
45 |
5 |
56 |
Mongolia |
4/1/09 |
10/1/10 |
153 |
46 |
107 |
210 |
Pakistan |
11/24/08 |
12/30/10 |
7,236 |
3,833 |
3,403 |
329 |
Romania |
5/4/09 |
5/3/11 |
11,443 |
5,355 |
6,088 |
591 |
Serbia, Republic of |
1/16/09 |
4/15/11 |
2,619 |
1,918 |
702 |
150 |
Sri Lanka |
7/24/09 |
3/23/11 |
1,654 |
1,240 |
433 |
105 |
Ukraine |
11/5/08 |
11/4/10 |
11,000 |
4,000 |
7,000 |
510 |
|
|
|
|
|
|
|
20 Arrangements |
|
|
55,845 |
25,985 |
30,170 |
|
|
|
|
|
|
|
|
Flexible Credit Line |
|
|
|
|
|
|
|
|
|
|
|
|
|
Colombia |
5/11/09 |
5/10/10 |
6,966 |
6,966 |
-- |
-- |
Mexico |
4/17/09 |
4/16/10 |
31,528 |
31,528 |
-- |
-- |
Poland |
5/6/09 |
5/5/10 |
13,690 |
13,690 |
-- |
-- |
|
|
|
|
|
|
|
3 Arrangements |
|
|
52,184 |
52,184 |
-- |
-- |
|
|
|
|
|
|
|
Extended Arrangements |
|
|
|
|
|
|
|
|
|
|
|
|
|
Seychelles |
12/23/09 |
12/22/12 |
20 |
20 |
11 |
125 |
|
|
|
|
|
|
|
1 Arrangement |
|
|
20 |
20 |
11 |
125 |
|
|
|
|
|
|
|
Total 24 STBY, EFF, and FCL
|
|
|
108,049 |
78,189 |
30,181 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1 -- indicates zero value. Totals may not add due to rounding. |
|
|
|
|
Table 2b. Current Financial Arrangements (PRGF and ESF) |
as of December 24, 2009 |
(In millions of SDRs)1 |
(For definitions, see below)
|
|
|
|
|
|
|
|
Member |
Effective |
Expiration |
Amount |
Undrawn |
Total PRGF-ESF Loans
|
Date
|
Date
|
Agreed
|
Balance
|
Outstanding
|
As percent of Quota
|
|
|
|
|
|
|
|
Poverty Reduction and Growth Facility |
|
|
|
|
|
Afghanistan |
6/26/06 |
3/31/10 |
81 |
11 |
70 |
43 |
Burkina Faso |
4/23/07 |
4/22/10 |
48 |
35 |
36 |
60 |
Burundi |
7/7/08 |
7/6/11 |
46 |
26 |
58 |
75 |
Central African Rep. |
12/22/06 |
6/30/10 |
70 |
9 |
50 |
90 |
Comoros |
9/21/09 |
9/20/12 |
14 |
9 |
6 |
73 |
Congo, Rep. of |
12/11/09 |
12/10/12 |
346 |
346 |
461 |
86 |
Cote d'Ivoire |
12/8/08 |
12/7/11 |
8 |
5 |
27 |
32 |
Djibouti |
3/27/09 |
3/26/12 |
374 |
179 |
224 |
69 |
Gambia, The |
9/17/08 |
9/16/11 |
13 |
7 |
11 |
66 |
Ghana |
2/21/07 |
2/20/10 |
20 |
2 |
18 |
59 |
Grenada |
7/15/09 |
7/14/12 |
387 |
320 |
173 |
47 |
Guinea |
4/17/06 |
4/16/10 |
16 |
2 |
15 |
126 |
Haiti |
12/21/07 |
12/20/10 |
70 |
45 |
38 |
36 |
Liberia |
11/20/06 |
1/31/10 |
115 |
8 |
105 |
128 |
Mali |
3/14/08 |
3/13/11 |
239 |
13 |
226 |
175 |
Mauritania |
5/28/08 |
5/27/11 |
28 |
8 |
28 |
30 |
Nicaragua |
10/5/07 |
10/4/10 |
78 |
24 |
96 |
74 |
Niger |
6/2/08 |
6/1/11 |
23 |
13 |
36 |
55 |
Sao Tome |
3/2/09 |
3/1/12 |
3 |
2 |
3 |
38 |
Sierra Leone |
5/10/06 |
5/9/10 |
52 |
19 |
47 |
45 |
Tajikistan |
4/21/09 |
4/20/12 |
78 |
52 |
26 |
30 |
Togo |
4/21/08 |
4/20/11 |
84 |
26 |
58 |
79 |
Zambia |
6/4/08 |
6/3/11 |
220 |
106 |
169 |
35 |
|
|
|
|
|
|
|
23 Arrangements |
|
|
2,414 |
1,269 |
1,981 |
|
|
|
|
|
|
|
|
Exogenous Shocks Facility |
|
|
|
|
|
|
|
|
|
|
|
|
|
Ethiopia |
8/26/09 |
10/25/10 |
154 |
80 |
107 |
80 |
Kyrgyz Republic |
12/10/08 |
6/9/10 |
67 |
33 |
110 |
124 |
Malawi |
12/4/09 |
12/3/11 |
8 |
7 |
1 |
13 |
Mozambique |
6/30/09 |
6/29/10 |
114 |
14 |
109 |
96 |
Senegal |
12/19/08 |
6/18/10 |
121 |
32 |
106 |
66 |
Tanzania |
5/29/09 |
5/28/10 |
219 |
20 |
210 |
106 |
|
|
|
|
|
|
|
6 Arrangements |
|
|
682 |
187 |
643 |
|
|
|
|
|
|
|
|
Total
|
|
|
3,096 |
1,456 |
2,624 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1 -- indicates zero value.Totals may not add due to rounding. |
|
|
|
|
Table 2a. and 2b. Current Financial Arrangements (GRA, PRGF and ESF) |
Term |
Definition |
|
Arrangements |
IMF credit is made available under a variety of borrowing arrangements with different disbursement schedules and maturities depending on the balance of payment needs of the member. |
Stand-By Arrangements |
The most common type of credit arrangement designed to provide short-term financial assistance. Purchases under Stand-By Arrangements are repayable in 8 quarterly installments 3¼ - 5 years after disbursement. |
Extended Arrangements |
Extended Arrangements provide credit for a longer period since these arrangements usually require fundamental reforms which may need more time to put in place and take effect. Drawings under extended arrangements are repayable in 12 semiannual installment |
Flexible Credit Line |
The FCL has been established to allow members with very strong track records to access IMF resources based on pre-set qualification criteria to deal with all types of balance of payments problems. The FCL could be used both on a precautionary (crisis prev |
PRGF Arrangements |
Concessional arrangements providing credit at an interest rate of ½ of 1 percent to eligible low-income members. The loans are repayable in 10 equal semiannual installments 5½ - 10 years after disbursement. |
ESF Arrangements |
The ESF is designed to provide concessional financing to low-income countries that are experiencing exogenous shocks but do not have a PRGF arrangement in place. The interest rate and repayment terms for disbursements under the ESF are the same as those u |
|
|
Arrangement Details |
IMF financial arrangements are reviewed regularly to assess progress in policy reforms. The disbursement of funds under an arrangement is linked to the achievement of certain financial targets. |
Next Scheduled Review |
Expected date the arrangement will be reviewed by the Executive Board. |
Date of Approval |
Date the arrangement was approved by the Executive Board. |
Date of Expiration |
Arrangements have a specified duration. Commitments are no longer available after the expiration of the arrangement. |
Amount Agreed |
Amount of credit available under an arrangement. |
Undrawn Balance |
Amount of credit available under an arrangement but not yet drawn. |
Total Credit Outstanding |
Total resources outstanding to the member |
Total Credit Outstanding as |
|
percent of quota |
Total credit outstanding in terms of member's quota. |
Table 3. Status of Commitments of IMF HIPC Assistance |
as of December 24, 2009 |
(In millions of SDRs)1 |
(For definitions, see below)
|
|
|
|
|
|
|
|
Member
|
Decision Point
|
Completion Point
|
Amount Committed
|
Amount Disbursed 2
|
|
|
|
|
|
|
|
Under the Original HIPC Initiative |
|
|
|
|
|
|
Bolivia |
Sep. 1997 |
Sep. 1998 |
21.2 |
|
21.2 |
|
Burkina Faso |
Sep. 1997 |
Jul. 2000 |
16.3 |
|
16.3 |
|
Cote d'Ivoire |
Mar. 1998 |
-- |
16.7 |
3 |
-- |
|
Guyana |
Dec. 1997 |
May. 1999 |
25.6 |
|
25.6 |
|
Mali |
Sep. 1998 |
Sep. 2000 |
10.8 |
|
10.8 |
|
Mozambique |
Apr. 1998 |
Jun. 1999 |
93.2 |
|
93.2 |
|
Uganda |
Apr. 1997 |
Apr. 1998 |
51.5 |
|
51.5 |
|
Total Original HIPC |
|
|
235.3 |
|
218.6 |
|
|
|
|
|
|
|
|
Under the Enhanced HIPC Initiative |
|
|
|
|
|
|
Afghanistan |
Jul. 2007 |
Floating |
-- |
4 |
-- |
|
Benin |
Jul. 2000 |
Mar. 2003 |
18.4 |
|
20.1 |
|
Bolivia |
Feb. 2000 |
Jun. 2001 |
41.1 |
|
44.2 |
|
Burkina Faso |
Jul. 2000 |
Apr. 2002 |
27.7 |
|
29.7 |
|
Burundi |
Aug. 2005 |
Jan. 2009 |
19.3 |
|
22.4 |
|
Cameroon |
Oct. 2000 |
Apr. 2006 |
28.6 |
|
33.7 |
|
Central African Republic |
Sep. 2007 |
Jun. 2009 |
17.2 |
|
18.1 |
|
Chad |
May. 2001 |
Floating |
14.3 |
|
8.6 |
|
Congo, Dem. Rep. of |
Jul. 2003 |
Floating |
228.3 |
5 |
49.1 |
|
Congo, Rep. of |
Mar. 2006 |
Floating |
5.6 |
|
0.9 |
|
Cote d'Ivoire |
Apr. 2009 |
Floating |
25.2 |
|
5.0 |
|
Ethiopia |
Nov. 2001 |
Apr. 2004 |
45.1 |
|
46.7 |
|
Gambia, The |
Dec. 2000 |
Dec. 2007 |
1.8 |
|
2.3 |
|
Ghana |
Feb. 2002 |
Jul. 2004 |
90.1 |
|
94.3 |
|
Guinea |
Dec. 2000 |
Floating |
24.2 |
|
10.0 |
|
Guinea-Bissau |
Dec. 2000 |
Floating |
9.2 |
|
0.5 |
|
Guyana |
Nov. 2000 |
Dec. 2003 |
31.1 |
|
34.0 |
|
Haiti |
Nov. 2006 |
Jun. 2009 |
2.1 |
|
2.3 |
|
Honduras |
Jun. 2000 |
Apr. 2005 |
22.7 |
|
26.4 |
|
Liberia |
Mar. 2008 |
Floating |
428.1 |
|
30.1 |
|
Madagascar |
Dec. 2000 |
Oct. 2004 |
14.7 |
|
16.4 |
|
Malawi |
Dec. 2000 |
Aug. 2006 |
33.4 |
|
37.2 |
|
Mali |
Sep. 2000 |
Mar. 2003 |
34.7 |
|
38.5 |
|
Mauritania |
Feb. 2000 |
Jun. 2002 |
34.8 |
|
38.4 |
|
Mozambique |
Apr. 2000 |
Sep. 2001 |
13.7 |
|
14.8 |
|
Nicaragua |
Dec. 2000 |
Jan. 2004 |
63.5 |
|
71.2 |
|
Niger |
Dec. 2000 |
Apr. 2004 |
31.2 |
|
34.0 |
|
Rwanda |
Dec. 2000 |
Apr. 2005 |
46.8 |
|
50.6 |
|
São Tomé and Príncipe |
Dec. 2000 |
Mar. 2007 |
0.8 |
|
0.9 |
|
Senegal |
Jun. 2000 |
Apr. 2004 |
33.8 |
|
38.4 |
|
Sierra Leone |
Mar. 2002 |
Dec. 2006 |
100.0 |
|
106.6 |
|
Tanzania |
Apr. 2000 |
Nov. 2001 |
89.0 |
|
96.4 |
|
Togo |
Nov. 2008 |
Floating |
0.2 |
|
0.0 |
|
Uganda |
Feb. 2000 |
May. 2000 |
68.1 |
|
70.2 |
|
Zambia |
Dec. 2000 |
Apr. 2005 |
468.8 |
|
508.3 |
|
Total Enhanced HIPC |
|
|
2,113.6 |
|
1,600.1 |
|
|
|
|
|
|
|
|
Grand Total |
2,348.9 |
|
1,818.7 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1 -- indicates zero value.Totals may not add due to rounding. |
|
|
|
|
|
2 Includes interest on amounts committed under the Enhanced HIPC Initiative. |
|
3 Equivalent to the committed amount of US $22.5 million at decision point exchange rates (3/17/98). |
|
4 At the time of its decision point, Afghanistan did not have any outstanding eligible debt. |
|
5 Amount committed is equivalent to the remaining balance of the total IMF HIPC assistance of SDR 337.9 million, after deducting SDR 109.6 million representing the concessional element associated with the disbursement of a PRGF loan. |
|
Table 3. Status of Commitments of HIPC Assistance |
Term |
Definition |
|
|
Decision Point |
Point at which the IMF decides whether a member qualifies for assistance under the HIPC Initiative (normally at the end of the initial three-year performance period) and decides on the amount of assistance to be committed. |
Completion Point |
Point at which the country receives the bulk of its assistance under the HIPC Initiative, without any further policy conditions. Under the enhanced HIPC Initiative, the timing of the completion point is linked to the implementation of pre-agreed key struc |
Amount Committed |
Amount of HIPC assistance determined, in consultation with the World Bank, at the decision point to be made available by the IMF. |
Amount Disbursed |
Resources disbursed to the member to help meet debt service payments to the IMF. Disbursements are normally dependent on receipt of sufficient financing assurances from other creditors. |
Table 4. Status of Multilateral Debt Relief Initiative Assistance |
as of December 24, 2009 |
(In millions of SDRs)1 |
(For definitions, see below)
|
|
|
|
|
|
Member |
Delivery |
Eligible Debt
|
Date
|
GRA
|
PRGF
|
Total
|
|
|
|
|
|
Benin |
01/06/06 |
-- |
36.1 |
36.1 |
Bolivia |
01/06/06 |
89.8 |
71.2 |
160.9 |
Burkina Faso |
01/06/06 |
-- |
62.1 |
62.1 |
Burundi |
02/02/09 |
|
26.4 |
26.4 |
Cambodia |
01/06/06 |
-- |
56.8 |
56.8 |
Cameroon |
04/28/06 |
-- |
173.3 |
173.3 |
Central African Republic |
07/02/09 |
-- |
4.0 |
4.0 |
Ethiopia |
01/06/06 |
-- |
112.1 |
112.1 |
Gambia, The |
12/20/07 |
-- |
9.4 |
9.4 |
Ghana |
01/06/06 |
-- |
265.4 |
265.4 |
Guyana |
01/06/06 |
-- |
45.1 |
45.1 |
Honduras |
01/06/06 |
-- |
107.5 |
107.5 |
Madagascar |
01/06/06 |
-- |
137.3 |
137.3 |
Malawi |
09/01/06 - 12/19/06 2 |
10.8 |
27.0 |
37.9 |
Mali |
01/06/06 |
-- |
75.1 |
75.1 |
Mauritania |
06/22/06 |
-- |
32.9 |
32.9 |
Mozambique |
01/06/06 |
-- |
106.6 |
106.6 |
Nicaragua |
01/06/06 |
-- |
140.5 |
140.5 |
Niger |
01/06/06 |
-- |
77.6 |
77.6 |
Rwanda |
01/06/06 |
-- |
52.7 |
52.7 |
São Tomé and Príncipe |
03/19/07 - 12/28/07 3 |
-- |
1.4 |
1.4 |
Senegal |
01/06/06 |
-- |
100.3 |
100.3 |
Sierra Leone |
12/18/06 |
-- |
117.3 |
117.3 |
Tajikistan |
01/06/06 |
-- |
69.3 |
69.3 |
Tanzania |
01/06/06 |
-- |
234.0 |
234.0 |
Uganda |
01/06/06 |
-- |
87.7 |
87.7 |
Zambia |
01/06/06 |
-- |
402.6 |
402.6 |
|
|
|
|
|
Total |
|
100.6 |
2,631.6 |
2,732.2 |
|
|
|
|
|
1 -- indicates zero value.Totals may not add due to rounding. |
|
|
|
2 MDRI assistance to Malawi was delivered in September 2006. Following the receipt of satisfactory financing assurances from other creditors, Malawi received additional MDRI assistance financed from HIPC topping-up assistance in December 2006. |
3 MDRI assistance to São Tomé and Príncipe was delivered in March 2007. Following the receipt of satisfactory financing assurances from other creditors, São Tomé and Príncipe received additional MDRI assistance financed from HIPC topping-up assistance in December 2007. |
Table 4. Status of Multilateral Debt Relief Initiative Assistance |
|
Term |
Definition |
Debt Relief Delivery Date |
The effective date of delivery of MDRI assistance to qualified members. |
Eligible Debt |
|
GRA |
Assistance that covers credit outstanding under the GRA |
PRGF |
Assistance that covers credit outstanding under the PRGF-ESF Trust |
|