International Monetary Fund
Sierra Leone: History of Lending Commitments
as of December 31, 1996

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    Mar 28, 1994    Mar 27, 1997 101,904 91,792 91,792
Structural Adjustment Facility Commitment    Mar 28, 1994    Mar 27, 1995 27,020 27,020 27,020
Structural Adjustment Facility Commitment    Nov 14, 1986    Nov 13, 1989 40,530 11,580 0
Standby Arrangement    Nov 14, 1986    Nov 13, 1987 23,160 8,000 0
Standby Arrangement    Feb 03, 1984    Feb 02, 1985 50,200 19,000 0
Extended Fund Facility    Mar 30, 1981    Apr 06, 1982 186,000 33,500 0
Standby Arrangement    Nov 02, 1979    Nov 01, 1980 17,000 17,000 0
Standby Arrangement    Jun 03, 1977    Jun 02, 1978 9,020 7,000 0
Standby Arrangement    Mar 28, 1969    Mar 27, 1970 2,500 0 0
Standby Arrangement    Jan 17, 1968    Jan 16, 1969 3,600 0 0
Standby Arrangement    Nov 01, 1966    Oct 31, 1967 7,500 6,900 0
Total 468,434 221,792 118,812

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.

Sierra Leone Financial Position in the Fund