International Monetary Fund
Zimbabwe: History of Lending Commitments
as of December 31, 2002

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    Aug 02, 1999    Oct 01, 2000 141,360 24,740 24,740
Standby Arrangement    Jun 01, 1998    Jun 30, 1999 130,650 39,200 39,200
Extended Credit Facility    Sep 11, 1992    Sep 10, 1995 200,600 151,900 88,631
Extended Fund Facility    Sep 11, 1992    Sep 10, 1995 114,600 86,900 41,698
Extended Fund Facility    Jan 24, 1992    Sep 11, 1992 343,800 71,200 11,867
Standby Arrangement    Mar 23, 1983    Sep 22, 1984 300,000 175,000 0
Standby Arrangement    Apr 08, 1981    Apr 07, 1982 37,500 37,500 0
Total 1,268,510 586,441 206,137

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.

Zimbabwe Financial Position in the Fund