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IMF Members'
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Country



Venezuela: Financial Position in the Fund
as of December 31, 1999

Summary of IMF members’ quota, reserve position, SDR holdings, outstanding credit, recent lending arrangements, projected payments due to the IMF, and monthly historical transactions with the Fund.
    I. Membership Status: Joined: December 30, 1946;Article VIII

  II. General Resources Account:SDR Million%Quota
       Quota2,659.10100.00
       Fund holdings of currency (Exchange Rate)2,877.22108.20
       Reserve Tranche Position321.9012.11

III. SDR Department:SDR Million%Allocation
       Net cumulative allocation316.89100.00
       Holdings92.8929.31

 IV. Outstanding Purchases and Loans:SDR Million%Quota
      Stand-by Arrangements306.2511.52
      Extended Arrangements233.778.79

  V. Latest Financial 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

VI. Projected Payments to Fund  1/
   (SDR Million; based on existing use of resources and present holdings of SDRs):
                                       Forthcoming                                      
         2000  2001  2002  2003  2004 
  Principal
384.40155.60


  Charges/Interest
28.4012.908.908.808.80
   Total
412.80168.508.908.808.80
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

Prepared by Finance Department

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