International Monetary Fund
Benin: History of Lending Commitments
as of December 31, 2003

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 17, 2000    Mar 31, 2004 27,000 25,650 25,650
Extended Credit Facility    Aug 28, 1996    Jul 16, 2000 27,180 16,308 13,590
Extended Credit Facility    Jan 25, 1993    May 21, 1996 51,890 51,890 9,966
Structural Adjustment Facility Commitment    Jun 16, 1989    Jun 15, 1992 21,910 15,650 0
Total 127,980 109,498 49,206

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.

Benin Financial Position in the Fund