International Monetary Fund
Bulgaria: History of Lending Commitments
as of December 31, 1999

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 Fund Facility    Sep 25, 1998    Sep 24, 2001 627,620 313,800 313,800
Standby Arrangement    Apr 11, 1997    Jun 10, 1998 371,900 371,900 371,900
Standby Arrangement    Jul 19, 1996    Apr 10, 1997 400,000 80,000 70,000
Standby Arrangement    Apr 11, 1994    Mar 31, 1995 139,480 116,240 0
Standby Arrangement    Apr 17, 1992    Apr 16, 1993 155,000 124,000 3,875
Standby Arrangement    Mar 15, 1991    Mar 14, 1992 279,000 279,000 0
Total 1,973,000 1,284,940 759,575

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.

Bulgaria Financial Position in the Fund