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Argentina: Financial Position in the Fund
as of December 31, 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: September 20, 1956;Article VIII

II. General Resources Account:SDR Million%Quota
       Quota1,537.10100.00
       IMF's Holdings of Currency (Holdings Rate)5,886.40382.96
       Reserve Tranche Position0.000.00

III. SDR Department:SDR Million%Allocation
       Net cumulative allocation318.37100.00
       Holdings123.5838.82

IV. Outstanding Purchases and Loans:SDR Million%Quota
      Stand-by Arrangements613.0039.88
      Extended Arrangements3,736.28243.07

V. Latest Financial Commitments:

     Arrangements:

Date ofExpirationAmount ApprovedAmount Drawn
TypeArrangementDate(SDR Million)(SDR Million)
      Stand-By  Apr 12, 1996  Jan 11, 1998720.00    613.00
      EFF  Mar 31, 1992  Mar 30, 19964,020.25    4,020.25
      Stand-By  Jul 29, 1991  Mar 31, 1992780.00    438.75

VI. Overdue Obligations and Projected Payments to Fund  1/
   (SDR Million; based on existing use of resources and present holdings of SDRs):
                                       Forthcoming                                      
         1998  1999  2000  2001  2002 
  Principal
484.20602.50970.20927.60573.60
  Charges/Interest
215.20190.30154.40105.9065.60
   Total
699.40792.801,124.601,033.50639.20

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.