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Somalia: Financial Position in the Fund
as of May 31, 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: August 31, 1962;Article XIV

  II. General Resources Account:SDR Million%Quota
       Quota44.20100.00
       Fund holdings of currency (Exchange Rate)140.78318.50
       Reserve Tranche Position0.000.00

III. SDR Department:SDR Million%Allocation
       Net cumulative allocation1/46.46100.00
       Holdings1/18.3439.48

1/ Excluding SDRs allocated and placed in escrow account under the Fourth Amendment of the IMF's Articles of agreement (SDR 4,156,315 ),such holdings will be available to Somalia upon the settlement of all overdue obligations to the fund.

 IV. Outstanding Purchases and Loans:SDR Million%Quota
      Stand-by Arrangements68.05153.95
      Trust Fund6.4614.62
      SAF Loans8.8420.00
      Contingency and Compensatory28.5364.54

  V. Latest Financial Arrangements:

Date ofExpirationAmount ApprovedAmount Drawn
TypeArrangementDate(SDR Million)(SDR Million)
      SAF  Jun 29, 1987  Jun 28, 199030.94    8.84
      Stand-By  Jun 29, 1987  Jun 28, 198833.15    5.53
      Stand-By  Feb 22, 1985  Sep 30, 198620.10    20.10

VI. Projected Payments to Fund  2/
   (SDR Million; based on existing use of resources and present holdings of SDRs):
Overdue                                      Forthcoming                                      
    May 31, 2013 2013  2014  2015  2016  2017 
  Principal111.87




  Charges/Interest122.160.601.121.121.121.12
   Total234.040.601.121.121.121.12
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.