International Monetary Fund
Ethiopia: History of Lending Commitments
as of December 31, 2004

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    Mar 22, 2001    Oct 31, 2004 100,277 100,277 100,277
Extended Credit Facility    Oct 11, 1996    Oct 22, 1999 88,470 29,490 17,694
Structural Adjustment Facility Commitment    Oct 28, 1992    Nov 08, 1995 49,420 49,420 0
Standby Arrangement    May 08, 1981    Jun 30, 1982 67,500 67,500 0
Total 305,667 246,687 117,971

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