International Monetary Fund
Ecuador: History of Lending Commitments
as of December 31, 1998

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    May 11, 1994    Dec 11, 1995 173,900 98,900 49,450
Standby Arrangement    Dec 11, 1991    Dec 10, 1992 75,000 18,563 0
Standby Arrangement    Sep 15, 1989    Feb 28, 1991 109,900 39,250 0
Standby Arrangement    Jan 04, 1988    Feb 28, 1989 75,350 15,070 0
Standby Arrangement    Aug 15, 1986    Jun 10, 1987 75,400 15,100 0
Standby Arrangement    Mar 11, 1985    Mar 10, 1986 105,500 105,500 0
Standby Arrangement    Jul 25, 1983    Jul 24, 1984 157,500 157,500 0
Standby Arrangement    Jul 03, 1972    Jul 02, 1973 16,500 16,500 0
Standby Arrangement    Sep 14, 1970    Sep 13, 1971 22,000 10,000 0
Standby Arrangement    Apr 07, 1969    Apr 06, 1970 18,000 18,000 0
Standby Arrangement    Jul 15, 1966    Jul 14, 1967 13,000 5,000 0
Standby Arrangement    Jul 01, 1965    Jun 30, 1966 12,000 8,000 0
Standby Arrangement    Jul 01, 1964    Jun 30, 1965 13,000 3,000 0
Standby Arrangement    Jul 01, 1963    Jun 30, 1964 6,000 0 0
Standby Arrangement    Jun 08, 1962    Jun 07, 1963 5,000 3,000 0
Standby Arrangement    Jun 08, 1961    Jun 07, 1962 10,000 10,000 0
Total 888,050 523,383 49,450

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.

Ecuador Financial Position in the Fund