International Monetary Fund
Senegal: 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 Credit Facility    Apr 20, 1998    Apr 19, 2001 107,010 35,670 35,670
Extended Credit Facility    Aug 29, 1994    Jan 12, 1998 130,790 130,790 130,790
Standby Arrangement    Mar 02, 1994    Aug 29, 1994 47,560 30,914 3,864
Extended Credit Facility    Nov 21, 1988    Jun 02, 1992 144,670 144,670 37,444
Structural Adjustment Facility Commitment    Nov 10, 1986    Nov 21, 1988 54,039 42,550 0
Standby Arrangement    Oct 26, 1987    Oct 25, 1988 21,275 21,275 0
Standby Arrangement    Nov 10, 1986    Sep 28, 1987 34,000 34,000 0
Standby Arrangement    Jan 16, 1985    Jul 15, 1986 76,600 76,600 0
Standby Arrangement    Sep 19, 1983    Sep 18, 1984 63,000 63,000 0
Standby Arrangement    Nov 24, 1982    Sep 19, 1983 47,250 5,910 0
Standby Arrangement    Sep 11, 1981    Sep 10, 1982 63,000 63,000 0
Extended Fund Facility    Aug 08, 1980    Sep 10, 1981 184,800 41,100 0
Standby Arrangement    Mar 30, 1979    Mar 29, 1980 10,500 10,500 0
Total 984,494 699,979 207,769

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.

Senegal Financial Position in the Fund