International Monetary Fund
Madagascar: History of Lending Commitments
as of December 31, 2019

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
Extended Credit Facility    Jul 27, 2016    Feb 26, 2020 250,550 219,118 219,118
Rapid Credit Facility    Nov 18, 2015    Nov 25, 2015 30,550 30,550 30,550
Rapid Credit Facility    Jun 18, 2014    Jun 26, 2014 30,550 30,550 27,495
Extended Credit Facility    Jul 21, 2006    Jul 20, 2009 73,320 53,030 0
Extended Credit Facility    Mar 01, 2001    Mar 01, 2005 91,650 91,650 0
Extended Credit Facility    Nov 27, 1996    Nov 30, 2000 81,360 78,680 0
Extended Credit Facility    May 15, 1989    May 14, 1992 76,900 51,267 0
Structural Adjustment Facility Commitment    Aug 31, 1987    May 15, 1989 46,480 13,280 0
Standby Arrangement    Sep 02, 1988    May 15, 1989 13,300 2,800 0
Standby Arrangement    Sep 17, 1986    Mar 16, 1988 30,000 30,000 0
Standby Arrangement    Apr 23, 1985    Apr 22, 1986 29,500 29,500 0
Standby Arrangement    Apr 10, 1984    Mar 31, 1985 33,000 33,000 0
Standby Arrangement    Jul 09, 1982    Jul 08, 1983 51,000 40,800 0
Standby Arrangement    Apr 13, 1981    Jun 26, 1982 109,000 39,000 0
Standby Arrangement    Jun 27, 1980    Apr 12, 1981 64,450 10,000 0
Standby Arrangement    Dec 21, 1977    Dec 20, 1978 9,425 9,425 0
Total 1,021,035 762,650 277,163

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.

Madagascar Financial Position in the Fund