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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 | Mar 01, 2001 | Feb 29, 2004 | 79,430 | 22,694 | 22,694 |
| Extended Credit Facility | Nov 27, 1996 | Nov 30, 2000 | 81,360 | 78,680 | 78,680 |
| Extended Credit Facility | May 15, 1989 | May 14, 1992 | 76,900 | 51,267 | 0 |
| Structural Adjustment Facility Commitment | Aug 31, 1987 | May 15, 1989 | 46,480 | 13,280 | 0 |
| Standby Arrangement | Sep 02, 1988 | May 15, 1989 | 13,300 | 2,800 | 0 |
| Standby Arrangement | Sep 17, 1986 | Mar 16, 1988 | 30,000 | 30,000 | 0 |
| Standby Arrangement | Apr 23, 1985 | Apr 22, 1986 | 29,500 | 29,500 | 0 |
| Standby Arrangement | Apr 10, 1984 | Mar 31, 1985 | 33,000 | 33,000 | 0 |
| Standby Arrangement | Jul 09, 1982 | Jul 08, 1983 | 51,000 | 40,800 | 0 |
| Standby Arrangement | Apr 13, 1981 | Jun 26, 1982 | 109,000 | 39,000 | 0 |
| Standby Arrangement | Jun 27, 1980 | Apr 12, 1981 | 64,450 | 10,000 | 0 |
| Standby Arrangement | Dec 21, 1977 | Dec 20, 1978 | 9,425 | 9,425 | 0 |
| Total | 623,845 | 360,446 | 101,374 | ||
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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 |
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| The information provided is for your convenience and is not intended to replace other official IMF reports and statements. |
Madagascar Financial Position in the Fund