International Monetary Fund
Romania: History of Lending Commitments
as of June 30, 1999

The IMF lends under concessional and non-concessional arrangements or can provide outright loans. A lending arrangement, which is similar to a line of credit, is approved by the IMF Executive Board to support a country's economic and financial program. The arrangement requires the member to observe specific terms and subject to periodic reviews in order to continue to draw upon it. An outright loan is also approved by the IMF Executive Board, however, it does not require a member to observe specific terms.


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(In Thousands of SDRs)

Facility Date of
Arrangement
Expiration
Date  4/
Amount
Agreed
Amount
Drawn
Amount
Outstanding
Standby Arrangement    Apr 22, 1997    May 21, 1998 301,500 120,600 120,600
Standby Arrangement    May 11, 1994    Apr 22, 1997 320,495 94,265 30,635
Standby Arrangement    May 29, 1992    Mar 28, 1993 314,040 261,700 11,073
Standby Arrangement    Apr 11, 1991    Apr 10, 1992 380,500 318,100 0
Standby Arrangement    Jun 15, 1981    Jan 31, 1984 1,102,500 817,500 0
Standby Arrangement    Sep 09, 1977    Sep 08, 1978 64,125 64,125 0
Standby Arrangement    Oct 03, 1975    Oct 02, 1976 95,000 95,000 0
Total 2,578,160 1,771,290 162,309

4/ The expiration date for outright disbursements (RFI and RCF) reflects the date the disbursement was drawn, or the date the disbursement expires, i.e., 60 days following the Board approval date. The expiration dates for arrangements under the GRA, PRGT, and RST reflect either the approved expiration date of the arrangement or the date the last disbursement takes place under the fully drawn arrangements.

Disclaimer
The information provided is for your convenience and is not intended to replace other official IMF reports and statements.

Romania Financial Position in the Fund