International Monetary Fund
Estonia, Republic of: History of Lending Commitments
as of May 31, 1996

The IMF lends under concessional and non-concessional arrangements or can provide outright loans. A lending arrangement, which is similar to a line of credit, is approved by the IMF Executive Board to support a country's economic and financial program. The arrangement requires the member to observe specific terms and subject to periodic reviews in order to continue to draw upon it. An outright loan is also approved by the IMF Executive Board, however, it does not require a member to observe specific terms.


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(In Thousands of SDRs)

Facility Date of
Arrangement
Expiration
Date  4/
Amount
Agreed
Amount
Drawn
Amount
Outstanding
Standby Arrangement    Apr 11, 1995    Jul 10, 1996 13,950 0 0
Standby Arrangement    Oct 27, 1993    Mar 26, 1995 11,625 11,625 11,625
Standby Arrangement    Sep 16, 1992    Sep 15, 1993 27,900 27,900 25,333
Total 53,475 39,525 36,958

4/ The expiration date for outright disbursements (RFI and RCF) reflects the date the disbursement was drawn, or the date the disbursement expires, i.e., 60 days following the Board approval date. The expiration dates for arrangements under the GRA, PRGT, and RST reflect either the approved expiration date of the arrangement or the date the last disbursement takes place under the fully drawn arrangements.

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

Estonia, Republic of Financial Position in the Fund