International Monetary Fund
Azerbaijan: 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    Jul 06, 2001    Jul 04, 2005 67,580 41,840 41,840
Extended Credit Facility    Dec 20, 1996    Mar 19, 2000 93,600 81,900 54,111
Extended Fund Facility    Dec 20, 1996    Mar 19, 2000 58,500 53,240 30,914
Standby Arrangement    Nov 17, 1995    Nov 16, 1996 58,500 58,500 0
Total 278,180 235,480 126,866

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.

Azerbaijan Financial Position in the Fund