International Monetary Fund
Seychelles: History of Lending Commitments
as of February 29, 2024

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
Resilience and Sustainability Facility    May 31, 2023    May 30, 2026 34,350 3,123 3,123
Extended Fund Facility    May 31, 2023    May 30, 2026 42,365 12,214 12,214
Extended Fund Facility    Jul 29, 2021    May 30, 2023 74,000 61,000 61,000
Rapid Financing Instrument    May 08, 2020    May 12, 2020 22,900 22,900 14,313
Extended Fund Facility    Jun 04, 2014    Jun 03, 2017 11,445 11,445 3,951
Extended Fund Facility    Dec 23, 2009    Dec 22, 2013 26,400 26,400 0
Standby Arrangement    Nov 14, 2008    Dec 22, 2009 17,600 11,000 0
Total 229,060 148,082 94,601

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.

Seychelles Financial Position in the Fund