International Monetary Fund
Gabon: 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
Extended Fund Facility    Nov 08, 1995    Mar 07, 1999 110,300 60,670 60,670
Standby Arrangement    Mar 30, 1994    Mar 29, 1995 38,600 38,600 19,852
Standby Arrangement    Sep 30, 1991    Mar 29, 1993 28,000 4,000 0
Standby Arrangement    Sep 15, 1989    Mar 14, 1991 43,000 10,500 0
Standby Arrangement    Dec 22, 1986    Dec 31, 1988 98,685 98,685 0
Extended Fund Facility    Jun 27, 1980    Dec 31, 1982 34,000 0 0
Standby Arrangement    May 31, 1978    May 30, 1979 15,000 15,000 0
Total 367,585 227,455 80,523

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.

Gabon Financial Position in the Fund