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Algeria: 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: September 26, 1963;Article VIII

  II. General Resources Account:SDR Million%Quota
       Quota914.40100.00
       Fund holdings of currency (Exchange Rate)2,409.91263.55
       Reserve Tranche Position0.010.00

III. SDR Department:SDR Million%Allocation
       Net cumulative allocation128.64100.00
       Holdings0.540.42

 IV. Outstanding Purchases and Loans:SDR Million%Quota
      Stand-by Arrangements373.7840.88
      Contingency and Compensatory205.7422.50
      Extended Arrangements916.00100.17

  V. Latest Financial Arrangements:

Date ofExpirationAmount ApprovedAmount Drawn
TypeArrangementDate(SDR Million)(SDR Million)
      EFF  May 22, 1995  May 21, 19981,169.28    916.00
      Stand-By  May 27, 1994  May 22, 1995457.20    385.20
      Stand-By  Jun 03, 1991  Mar 31, 1992300.00    225.00

VI. 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
320.80262.8070.20110.50152.70
  Charges/Interest
75.5059.9050.5046.2039.60
   Total
396.30322.70120.70156.70192.30
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.