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Venezuela: Financial Position in the Fund
as of April 30, 1997

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: December 30, 1946;Article VIII

II. General Resources Account:SDR Million%Quota
       Quota1,951.30100.00
       IMF's Holdings of Currency (Holdings Rate)3,305.49169.40
       Reserve Tranche Position144.957.43

III. SDR Department:SDR Million%Allocation
       Net cumulative allocation316.89100.00
       Holdings320.81101.24

IV. Outstanding Purchases and Loans:SDR Million%Quota
      Stand-by Arrangements350.0017.94
      Extended Arrangements1,149.1458.89

V. Latest Financial Commitments:

     Arrangements:

Date ofExpirationAmount ApprovedAmount Drawn
TypeArrangementDate(SDR Million)(SDR Million)
      Stand-By  Jul 12, 1996  Jul 11, 1997975.65    350.00
      EFF  Jun 23, 1989  Mar 22, 19933,857.10    2,005.60
      Stand-By  Apr 07, 1960  Apr 06, 1961100.00    0.00

VI. Overdue Obligations and Projected Payments to Fund  1/
   (SDR Million; based on existing use of resources and present holdings of SDRs):
                                       Forthcoming                                      
         1997  1998  1999  2000  2001 
  Principal
300.20328.50330.30384.40155.60
  Charges/Interest
49.5053.4038.1020.104.30
   Total
349.70381.90368.40404.50159.90

1/ The projection of charges and interest assumes that overdue principal at the report date (if any) will remain outstanding, but forthcoming obligations will be settled on time.


VII. Implementation of HIPC Initiative: Not Applicable

VIII. Implementation of Multilateral Debt Relief Initiative (MDRI):  Not Applicable

IX. Implementation of Post-Catastrophe Debt Relief (PCDR):  Not Applicable

As of February 4, 2015, the Post-Catastrophe Debt Relief Trust has been transformed to the Catastrophe Containment and Relief (CCR) Trust.

Prepared by Finance Department

Disclaimer
The information provided is for your convenience and is not intended to replace other official IMF reports and statements.