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Albania: 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: October 15, 1991;Article XIV

  II. General Resources Account:SDR Million%Quota
       Quota35.30100.00
       Fund holdings of currency (Exchange Rate)44.98127.43
       Reserve Tranche Position0.010.01

III. SDR Department:SDR Million%Allocation
       Holdings0.46N/A

 IV. Outstanding Purchases and Loans:SDR Million%Quota
      Stand-by Arrangements0.862.43
      First Credit Tranche8.8325.00
      ECF Arrangements31.0687.99

  V. Latest Financial Arrangements:

Date ofExpirationAmount ApprovedAmount Drawn
TypeArrangementDate(SDR Million)(SDR Million)
      ECF 1/  Jul 14, 1993  Jul 13, 199642.36    31.06
      Stand-By  Aug 26, 1992  Jul 14, 199320.00    13.13
 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
0.902.505.5010.6010.60
  Charges/Interest
0.600.600.600.500.20
   Total
1.503.106.1011.1010.80
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

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