Financial Position in the Fund for Liberia as of February 29, 2020

IMF Finances

Transactions with
the Fund

Credit Outstanding

Projected Payments

IMF Members'
Financial Data by
Country

See Also:
Heavily Indebted Poor
Countries (HIPC)

Liberia: Financial Position in the Fund
as of February 29, 2020

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: March 28, 1962;

II. General Resources Account:	SDR Million	%Quota
Quota	258.40	100.00
IMF's Holdings of Currency (Holdings Rate)	226.08	87.49
Reserve Tranche Position	32.33	12.51

III. SDR Department:	SDR Million	%Allocation
Net cumulative allocation	123.98	100.00
Holdings	140.07	112.98

IV. Outstanding Purchases and Loans:	SDR Million	%Quota
RCF Loans	32.30	12.50
ECF Arrangements	127.94	49.51

V. Latest Financial Commitments:
Arrangements:
	Date of	Expiration	Amount Approved	Amount Drawn
Type	Arrangement	Date	(SDR Million)	(SDR Million)
ECF	Dec 11, 2019	Dec 10, 2023	155.00	17.00
ECF	Nov 19, 2012	Nov 17, 2017	111.66	111.66
ECF ^1/	Mar 14, 2008	May 17, 2012	247.90	247.90
^1/ Formerly PRGF.

Outright Loans:
	Date of	Date	Amount Approved	Amount Drawn
Type	Commitment	Drawn/Expired	(SDR Million)	(SDR Million)
RCF	Feb 23, 2015	Feb 27, 2015	32.30	32.30
^1/ Undrawn outright disbursements (RFI and RCF) expire automatically 60 days following the date of commitment, i.e. Board approval date.

VI. Overdue Obligations and Projected Payments to Fund ^2/
(SDR Million; based on existing use of resources and present holdings of SDRs):
		Forthcoming
		2020	2021	2022	2023	2024
Principal		17.67	22.97	26.28	27.32	24.36
Charges/Interest		0.00	0.00	0.00	0.00	0.00
Total		17.67	22.97	26.29	27.32	24.37

^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.

VII. Implementation of HIPC Initiative:
		Enhanced
I. Commitment of HIPC assistance		Framework
Decision point date		Mar 2008
Assistance committed
by all creditors (US$ Million) ^1/		2,739.20
Of which: IMF assistance (US$ million)		721.10
(SDR equivalent in millions)		440.90
Completion point date		Jun 2010

II. Disbursement of IMF assistance (SDR Million)
Assistance disbursed to the member		440.90
Interim assistance		30.14
Completion point balance		410.76
Additional disbursement of interest income ^2/		10.99
Total disbursements		451.89
^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. Delivery of Debt Relief at the Completion Point:

I. Debt relief (SDR Million)			548.53
Financed by: Liberia Administered Account			116.20
Remaining HIPC resources			432.33

II. Debt Relief by Facility (SDR Million)
	Eligible Debt
Delivery Date	GRA	PRGT	Total
June 2010	342.77	205.76	548.53

IX. Implementation of Catastrophe Containment and Relief (CCR):

Date of	Board Decision	Amount Committed	Amount Disbursed
Catastrophe	Date	(SDR million)	(SDR million)
N/A	Feb 23, 2015	25.84	25.84

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.