International Monetary Fund
Ethiopia: History of Lending Commitments
as of December 31, 1997

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
Extended Credit Facility    Oct 11, 1996    Oct 10, 1999 88,470 14,745 14,745
Structural Adjustment Facility Commitment    Oct 28, 1992    Nov 08, 1995 49,420 49,420 49,420
Standby Arrangement    May 08, 1981    Jun 30, 1982 67,500 67,500 0
Total 205,390 131,665 64,165

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.

Ethiopia Financial Position in the Fund