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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 |
|---|---|---|---|---|---|
| Standby Arrangement | Nov 19, 2008 | Aug 31, 2011 | 1,400,000 | 980,000 | 980,000 |
| Standby Arrangement | Mar 22, 1962 | Mar 21, 1963 | 1,625 | 0 | 0 |
| Standby Arrangement | Feb 16, 1961 | Dec 31, 1961 | 1,625 | 0 | 0 |
| Standby Arrangement | Feb 23, 1960 | Jan 13, 1961 | 5,625 | 4,000 | 0 |
| Total | 1,408,875 | 984,000 | 980,000 | ||
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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. |
Iceland Financial Position in the Fund