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See Also:
Heavily Indebted Poor
Countries (HIPC)




Mozambique: Financial Position in the Fund
as of June 30, 2013

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 24, 1984;Article XIV

  II. General Resources Account:SDR Million%Quota
       Quota113.60100.00
       Fund holdings of currency (Exchange Rate)113.60100.00
       Reserve Tranche Position0.010.01

III. SDR Department:SDR Million%Allocation
       Net cumulative allocation108.84100.00
       Holdings105.0796.54

 IV. Outstanding Purchases and Loans:SDR Million%Quota
      ESF Arrangements113.60100.00
      ECF Arrangements6.175.43

  V. Latest Financial Arrangements:

Date ofExpirationAmount ApprovedAmount Drawn
TypeArrangementDate(SDR Million)(SDR Million)
      ESF  Jun 30, 2009  Jun 28, 2010113.60    113.60
      ECF 1/  Jul 06, 2004  Jul 05, 200711.36    11.36
      ECF 1/  Jun 28, 1999  Jun 28, 200387.20    78.80
 1/ Formerly PRGF.

VI. Projected Payments to Fund  2/
   (SDR Million; based on existing use of resources and present holdings of SDRs):
                                       Forthcoming                                      
         2013  2014  2015  2016  2017 
  Principal
0.971.9523.0923.7023.21
  Charges/Interest
0.000.000.260.200.14
   Total
0.981.9523.3523.9023.35
2/ When a member has overdue financial obligations outstanding for more than three months, the amount of such arrears will be shown in this section.


VII. Implementation of HIPC Initiative:

OriginalEnhanced
 I.   Commitment of HIPC assistanceFramework Framework     Total
       Decision point dateApr 1998Apr 2000
       Assistance committed
       by all creditors (US$ Million) 1/1,716.00306.00
             Of which: IMF assistance (US$ million)124.6018.46
                    (SDR equivalent in millions)       93.1713.73
            Completion point date  Jun 1999  Sep 2001

 II.  Disbursement of IMF assistance (SDR Million)
       Assistance disbursed to the member93.1713.73106.90
             Interim assistance--2.312.31
             Completion point balance 93.1711.42104.58
       Additional disbursement of interest income 2/ --1.101.10
                  Total disbursements 93.1714.83108.00
1/ Assistance committed under the original framework is expressed in net present value (NPV) terms at the completion point, and assistance committed under the enhanced framework is expressed in NPV terms at the decision point. Hence these two amounts can not be added.
2/ Under the enhanced framework, an additional disbursement is made at the completion point corresponding to interest income earned on the amount committed at the decision point but not disbursed during the interim period.

VIII. Implementation of Multilateral Debt Relief Initiative (MDRI):

    I.       MDRI-eligible debt (SDR Million)1/106.56
                  Financed by: MDRI Trust83.05
                  Remaining HIPC resources23.51

    II.       Debt Relief by Facility (SDR Million)
                                   Eligible Debt                                  
Delivery
Date

GRA

PRGT

Total
January 2006N/A106.56106.56

1/ The MDRI provides 100 percent debt relief to eligible member countries that qualified for the assistance. Grant assistance from the MDRI Trust and HIPC resources provide debt relief to cover the full stock of debt owed to the Fund as of end-2004 that remains outstanding at the time the member qualifies for such debt relief.

IX. Implementation of Post-Catastrophe Debt Relief (PCDR):  Not Applicable
_________________
Decision point - point at which the IMF and the World Bank determine whether a country qualifies for assistance under the HIPC Initiative and decide on the amount of assistance to be committed.
Interim assistance - amount disbursed to a country during the period between decision and completion points, up to 20 percent annually and 60 percent in total of the assistance committed at the decision point (or 25 percent and 75 percent, respectively, in exceptional circumstances).
Completion point - point at which a country receives the remaining balance of its assistance committed at the decision point, together with an additional disbursement of interest income as defined in footnote 2 above. The timing of the completion point is linked to the implementation of pre-agreed key structural reforms (i.e., floating completion point).

Prepared by Finance Department

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