Financial Position in the Fund for Guyana as of April 30, 2003

IMF Finances

Transactions with
the Fund

Credit Outstanding

Projected Payments

IMF Members'
Financial Data by
Country

See Also:
Heavily Indebted Poor
Countries (HIPC)

Guyana: Financial Position in the Fund
as of April 30, 2003

Summary of IMF members' quota, reserve tranche position, SDR holdings, outstanding credit, recent lending arrangements, projected payments due to the IMF, and historical transactions with the IMF.

I. Membership Status: Joined: September 26, 1966;

II. General Resources Account:	SDR Million	%Quota
Quota	90.90	100.00
IMF's Holdings of Currency (Holdings Rate)	90.90	100.00
Reserve Tranche Position	0.00	0.00

III. SDR Department:	SDR Million	%Allocation
Net cumulative allocation	14.53	100.00
Holdings	1.40	9.67

IV. Outstanding Purchases and Loans:	SDR Million	%Quota
ECF Arrangements	66.26	72.89

V. Latest Financial Commitments:
Arrangements:
	Date of	Expiration	Amount Approved	Amount Drawn
Type	Arrangement	Date	(SDR Million)	(SDR Million)
ECF ^1/	Sep 20, 2002	Sep 19, 2005	54.55	5.55
ECF ^1/	Jul 15, 1998	Dec 31, 2001	53.76	24.88
ECF ^1/	Jul 20, 1994	Apr 17, 1998	53.76	53.76
^1/ Formerly PRGF.

VI. Overdue Obligations and Projected Payments to Fund (without HIPC Assistance)^2/
(SDR Million; based on existing use of resources and present holdings of SDRs):
		Forthcoming
		2003	2004	2005	2006	2007
Principal		8.05	13.44	11.65	11.25	7.66
Charges/Interest		0.49	0.49	0.43	0.37	0.32
Total		8.55	13.93	12.08	11.62	7.99

^2/ When a member has overdue financial obligations outstanding for more than three months, the amount of such arrears will be shown in this section.

Overdue Obligations and Projected Payments to Fund: (with Board-approved HIPC Assistance)¹
(SDR Million; based on existing use of resources and present holdings of SDRs):
		Forthcoming
		2003	2004	2005	2006	2007
Principal		5.45	11.14	9.61	9.72	6.64
Charges/Interest		0.49	0.49	0.43	0.37	0.32
Total		5.95	11.64	10.04	10.09	6.97

VII. Implementation of HIPC Initiative:
	Original	Enhanced
I. Commitment of HIPC assistance	Framework	Framework	Total
Decision point date	Dec 1997	Nov 2000
Assistance committed
by all creditors (US$ Million) ^1/	256.00	328.60
Of which: IMF assistance (US$ million)	34.50	39.50
(SDR equivalent in millions)	25.56	30.68
Completion point date	May 1999	Floating

II. Disbursement of IMF assistance (SDR Million)
Assistance disbursed to the member	25.56	10.27	35.83
Interim assistance	--	10.27	10.27
Completion point balance	25.56	--	25.56
Additional disbursement of interest income ^2/	--	--	--
Total disbursements	25.56	10.27	35.83
^1/ Assistance committed under the original framework is expressed in net present value (NPV) terms at the completion point, and assistance committed under the enhanced framework is expressed in NPV terms at the decision point. Hence these two amounts can not be added.
^2/ Under the enhanced framework, an additional disbursement is made at the completion point corresponding to interest income earned on the amount committed at the decision point but not disbursed during the interim period.

VIII. Implementation of Multilateral Debt Relief Initiative (MDRI): Not Applicable

IX. Implementation of Post-Catastrophe Debt Relief (PCDR): Not Applicable
As of February 4, 2015, the Post-Catastrophe Debt Relief Trust has been transformed to the Catastrophe Containment and Relief (CCR) Trust.
_________________
Decision point - point at which the IMF and the World Bank determine whether a country qualifies for assistance under the HIPC Initiative and decide on the amount of assistance to be committed.
Interim assistance - amount disbursed to a country during the period between decision and completion points, up to 20 percent annually and 60 percent in total of the assistance committed at the decision point (or 25 percent and 75 percent, respectively, in exceptional circumstances).
Completion point - point at which a country receives the remaining balance of its assistance committed at the decision point, together with an additional disbursement of interest income as defined in footnote 2 above. The timing of the completion point is linked to the implementation of pre-agreed key structural reforms (i.e., floating completion point).

Prepared by Finance Department

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