International Monetary Fund
Papua New Guinea: History of Lending Commitments
as of October 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
Standby Arrangement    Jul 14, 1995    Jan 13, 1997 71,480 33,340 33,340
Standby Arrangement    Jul 31, 1991    Sep 30, 1992 26,360 0 0
Standby Arrangement    Apr 25, 1990    Jun 24, 1991 26,360 0 0
Total 124,200 33,340 33,340

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.

Papua New Guinea Financial Position in the Fund