International Monetary Fund
Venezuela: History of Lending Commitments
as of May 31, 2001

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    Jul 12, 1996    Jul 11, 1997 975,650 350,000 43,750
Extended Fund Facility    Jun 23, 1989    Mar 22, 1993 3,857,100 2,005,600 24,333
Standby Arrangement    Apr 07, 1960    Apr 06, 1961 100,000 0 0
Total 4,932,750 2,355,600 68,084

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.

Venezuela Financial Position in the Fund