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(Expectations Basis)

IMF Members'
Financial Data by
Country




Papua New Guinea: Financial Position in the Fund
as of December 31, 2003

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 09, 1975;Article VIII

  II. General Resources Account:SDR Million%Quota
       Quota131.60100.00
       Fund holdings of currency (Exchange Rate)213.00161.86
       Reserve Tranche Position0.400.30

III. SDR Department:SDR Million%Allocation
       Net cumulative allocation9.30100.00
       Holdings2.4826.66

 IV. Outstanding Purchases and Loans:SDR Million%Quota
      Stand-by Arrangements81.7962.15

  V. Latest Financial Arrangements:

Date ofExpirationAmount ApprovedAmount Drawn
TypeArrangementDate(SDR Million)(SDR Million)
      Stand-By  Mar 29, 2000  Sep 28, 200185.54    85.54
      Stand-By  Jul 14, 1995  Dec 15, 199771.48    35.34
      Stand-By  Jul 31, 1991  Sep 30, 199226.36    0.00

VI. Projected Payments to Fund  1/  (Expectation Basis)2/
   (SDR Million; based on existing use of resources and present holdings of SDRs):
                                       Forthcoming                                      
         2004  2005  2006  2007  2008 
  Principal
40.4141.38


  Charges/Interest
1.700.550.110.110.11
   Total
42.1141.930.110.110.11
1/ When a member has overdue financial obligations outstanding for more than three months, the amount of such arrears will be shown in this section.

2/ This schedule presents all currently scheduled payments to the IMF, including repayment expectations and repayment obligations. The IMF Executive Board can extend repayment expectations (within predetermined limits) upon request by the debtor country if its external payments position is not strong enough to meet the expectations without undue hardship or risk, repayment schedules and IMF lending for details).

    Projected Payments to Fund: (Obligation Basis)3
    (SDR Million; based on existing use of resources and present holdings of SDRs):

                                      Forthcoming                                      
         2004  2005  2006  2007  2008 
  Principal
26.2539.0216.52

  Charges/Interest
1.741.000.290.110.11
   Total
27.9840.0216.810.110.11

3/ This schedule is not the currently applicable schedule of payments to the IMF. Rather, the schedule presents all payments to the IMF under the illustrative assumption that repayment expectations-except for SRF repayment expectations-would be extended to their respective obligation dates by the IMF Executive Board upon request of the debtor country (see repayment schedules and IMF lending for details). SRF repayments are thus only shown on their current expectation dates, unless already converted to an obligation date by the IMF Executive Board.

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.