International Monetary Fund
Gambia, The: History of Lending Commitments
as of August 31, 1996

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    Nov 23, 1988    Nov 25, 1991 20,520 18,020 12,890
Structural Adjustment Facility Commitment    Sep 17, 1986    Nov 23, 1988 10,859 8,550 1,881
Standby Arrangement    Sep 17, 1986    Oct 16, 1987 5,130 5,130 0
Standby Arrangement    Apr 23, 1984    Apr 22, 1985 12,830 2,630 0
Standby Arrangement    Feb 22, 1982    Feb 21, 1983 16,900 16,900 0
Standby Arrangement    Nov 02, 1979    Nov 01, 1980 1,600 1,600 0
Standby Arrangement    May 18, 1977    May 17, 1978 2,530 2,530 0
Total 70,369 55,360 14,771

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.

Gambia, The Financial Position in the Fund