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Panama: 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: March 14, 1946;Article VIII

II. General Resources Account:SDR Million%Quota
       Quota149.60100.00
       IMF's Holdings of Currency (Holdings Rate)241.77161.61
       Reserve Tranche Position11.867.93

III. SDR Department:SDR Million%Allocation
       Net cumulative allocation26.32100.00
       Holdings1.304.94

IV. Outstanding Purchases and Loans:SDR Million%Quota
      Stand-by Arrangements104.0169.53

V. Latest Financial Commitments:

     Arrangements:

Date ofExpirationAmount ApprovedAmount Drawn
TypeArrangementDate(SDR Million)(SDR Million)
      Stand-By  Nov 29, 1995  Mar 31, 199784.30    84.30
      Stand-By  Feb 24, 1992  Sep 23, 199474.17    54.57
      Stand-By  Jul 15, 1985  Mar 31, 198790.00    90.00

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
8.609.9017.2039.3026.20
  Charges/Interest
4.205.404.903.802.00
   Total
12.8015.3022.1043.1028.20

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.