International Monetary Fund
Sri Lanka: History of Lending Commitments
as of May 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    Apr 18, 2003    Apr 17, 2006 269,000 38,390 38,390
Standby Arrangement    Apr 20, 2001    Sep 19, 2002 200,000 200,000 200,000
Extended Credit Facility    Sep 13, 1991    Jul 31, 1995 336,000 280,000 16,800
Structural Adjustment Facility Commitment    Mar 09, 1988    Mar 08, 1991 156,170 156,170 0
Standby Arrangement    Sep 14, 1983    Jul 31, 1984 100,000 50,000 0
Total 1,061,170 724,560 255,190

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.

Sri Lanka Financial Position in the Fund