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Heavily Indebted Poor
Countries (HIPC)




Yemen, Republic of: Financial Position in the Fund
as of December 31, 1997

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: May 22, 1990;Article VIII

  II. General Resources Account:SDR Million%Quota
       Quota176.50100.00
       Fund holdings of currency (Exchange Rate)317.87180.09
       Reserve Tranche Position0.010.01

III. SDR Department:SDR Million%Allocation
       Net cumulative allocation28.74100.00
       Holdings124.06431.63

 IV. Outstanding Purchases and Loans:SDR Million%Quota
      Stand-by Arrangements132.3875.00
      Extended Arrangements9.005.10
      ECF Arrangements44.0024.93

  V. Latest Financial Arrangements:

Date ofExpirationAmount ApprovedAmount Drawn
TypeArrangementDate(SDR Million)(SDR Million)
      ECF 1/  Oct 29, 1997  Oct 28, 2000264.75    44.00
      EFF  Oct 29, 1997  Oct 28, 2000105.90    9.00
      Stand-By  Mar 20, 1996  Jun 19, 1997132.38    132.38
 1/ Formerly PRGF.

VI. Projected Payments to Fund  2/
   (SDR Million; based on existing use of resources and present holdings of SDRs):
                                       Forthcoming                                      
         1998  1999  2000  2001  2002 
  Principal

24.8054.1041.4013.60
  Charges/Interest
7.307.105.402.500.90
   Total
7.3031.9059.5043.9014.50
2/ 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

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