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IMF Finances
Transactions with
the Fund
Credit Outstanding
Projected Payments
IMF Members'
Financial Data by
Country
See Also:
Heavily Indebted Poor
Countries (HIPC)
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Madagascar: Financial Position in the Fund
as of December 31, 2003 |
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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.
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| I. Membership Status: Joined: September 25, 1963; | Article VIII |
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| V. Latest Financial Commitments: |
Arrangements:
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| Date of | Expiration | Amount Approved | Amount Drawn | | Type | Arrangement | Date | (SDR Million) | (SDR Million) | | ECF 1/ | Mar 01, 2001 | Nov 30, 2004 | 79.43 | 45.39 | | ECF 1/ | Nov 27, 1996 | Nov 30, 2000 | 81.36 | 78.68 | | ECF 1/ | May 15, 1989 | May 14, 1992 | 76.90 | 51.27 |
1/ Formerly PRGF. |
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| VI. Overdue Obligations and Projected Payments to Fund 2/ | | (SDR Million; based on existing use of resources and present holdings of SDRs): | | | Forthcoming | | | | 2004 | 2005 | 2006 | 2007 | 2008 | | Principal |
| 5.42 | 8.14 | 16.87 | 17.56 | 17.12 | | Charges/Interest |
| 0.87 | 0.84 | 0.77 | 0.68 | 0.60 | | Total |
| 6.30 | 8.97 | 17.64 | 18.24 | 17.72 |
| | 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. |
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| VII. Implementation of HIPC Initiative: |
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| Enhanced | | I. Commitment of HIPC assistance |
| Framework | | Decision point date |
| Dec 2000 | | Assistance committed | | by all creditors (US$ Million) 1/ |
| 814.00 | | Of which: IMF assistance (US$ million) |
| 21.60 | | (SDR equivalent in millions) |
| 16.60 | | Completion point date |
| Floating |
| | II. Disbursement of IMF assistance (SDR Million) | | Assistance disbursed to the member |
| 5.01 | | Interim assistance |
| 5.01 | | Completion point balance |
| -- | | Additional disbursement of interest income 2/ |
| -- | | Total disbursements |
| 5.01 | | 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. |
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| VIII. Implementation of Multilateral Debt Relief Initiative (MDRI): Not Applicable |
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| 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 |
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