Financial Activities for
2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000

IMF Finances

Free Notification
Receive emails when we post new items of interest to you.
Subscribe or Modify your profile



IMF Financial Activities -- Update November 8, 2012

I.    Introduction
II.   Key IMF Financial Statistics
III.  Current Financial Arrangements
IV.  Status of Commitments of HIPC Assistance
V.  Status of Multilateral Debt Relief Initiative Assistance

The following tables, which are updated weekly, provide information on the IMF's financial activities. Definitions for the terms contained in the tables are provided below each table. The data are based on the most current information available at the time and are provided for the reader's convenience. The information is not intended to replace other official IMF financial reports and statements.

Key IMF Financial Statistics (Table 1) A summary of financial assistance to members, available resources, arrears, and key IMF rates.

Current Financial Arrangements (Tables 2a and 2b) Current Stand-By, Extended and Poverty Reduction and Growth (PRG) arrangements. The tables do not include members whose financial arrangements with the IMF have expired, but may have outstanding credit to the IMF. For a list of current arrangements since May 1996 (month-end), see http://www.imf.org/external/np/tre/tad/extarr1.cfm. For a list of all members with outstanding financial obligations to the IMF, see http://www.imf.org/external/np/tre/tad/extcred1.cfm.

Status of Commitments of HIPC Assistance (Table 3) Status of the IMF's commitments to members under the Heavily Indebted Poor Countries Initiative (HIPC).

Status of Multilateral Debt Relief Initiative Assistance (Table 4) Status of the MDRI debt relief to eligible member countries that qualified for the assistance.


Table 1. Key IMF Financial Statistics
as of November 8, 2012  
(In billions of SDRs, and end of period, unless indicated otherwise) 1/
(For definitions, see below)
 
      2012
   
  2010 2011 Q1 Q2 Q3 Q4 to date

 
Available Resources              
GRA              
Usable resources 304.8 396.9 390.5 397.6 396.8 400.0  
Uncommitted usable resources 201.0 280.8 264.3 277.4 274.1 277.3  
Forward commitment capacity (FCC) 132.1 251.4 237.0 251.4 248.9 253.3  
               
PRG Trust              
Total loan resources 23.5 25.8 25.8 25.8 25.8 25.8  
Cumulative commitments, net 17.4 18.4 18.6 19.3 19.5 19.5  
Of which: Cumulative disbursements 15.9 16.8 17.0 17.4 17.5 17.6  
Uncommitted loan resources 6.2 7.4 7.2 6.5 6.3 6.3  
               
Financial Assistance              
GRA              
Purchases (during period) 20.3 33.6 4.3 6.0 2.6 0.0  
Of which: financed by Fund bilateral borrowings 10.3 10.9 1.5 0.8 0.5 0.0  
Of which: financed by NAB borrowings -- 8.6 1.1 3.3 1.1 --  
Repurchases (during period) 1.9 2.0 2.0 2.5 3.2 1.6  
Credit outstanding 55.6 87.3 89.6 93.0 92.4 90.8  
Outstanding Fund borrowings 14.6 34.1 36.6 40.6 42.1 42.0  
               
PRG Trust              
Disbursements (during period) 0.9 0.8 0.1 0.4 0.2 0.1  
Repayments (during period) 1.1 0.4 0.1 0.1 0.2 0.0  
Credit outstanding 4.8 5.3 5.3 5.6 5.6 5.7  
               
HIPC (SDR millions)              
Number of countries 36 36 36 36 36 36  
Commitments (cumulative) 2,416 2,416 2,416 2,417 2,421 2,421  
Disbursements (cumulative) 2,542 2,547 2,548 2,559 2,583 2,583  
Of which: Interim assistance 740 745 746 746 746 746  
Completion point assistance 1,802 1,802 1,802 1,813 1,837 1,837  
Memo item: Beyond-HIPC assistance 116 116 116 116 116 116  
               
MDRI (SDR millions)              
Number of countries 30 30 30 30 30 30  
Total Debt Relief (cumulative) 3,537 3,537 3,537 3,537 3,537 3,537  
Financed from: MDRI Trusts 2,867 2,867 2,867 2,867 2,867 2,867  
HIPC Umbrella Account 670 670 670 670 670 670  
               
PCDR (SDR millions)              
Number of countries 1 1 1 1 1 1  
Total Debt Relief (cumulative) 178 178 178 178 178 178 2/
               
Arrears              
GRA 1.1 1.1 1.1 1.1 1.1 1.1  
PRG Trust 0.1 0.1 0.1 0.1 0.1 0.1  
Trust Fund and other 0.1 0.1 0.1 0.1 0.1 0.1  
               
Rates              
US$ per SDR 1.54003 1.53527 1.54909 1.51755 1.54219 1.52761 3/
SDR interest rate (percent) 0.32 0.11 0.15 0.12 0.08 0.07 3/
Rate of charge, adjusted (percent) 1.33 1.11 1.16 1.12 1.08 1.07 3/
Rate of remuneration, adjusted (percent) 0.31 0.11 0.14 0.12 0.08 0.07 3/

 
               
1/ -- indicates zero value, zero indicates amounts less than SDR 0.05 billion. Totals may not add due to rounding.          
2/ Includes Post-Catastrophe Debt Relief provided to Haiti on July 22, 2010.              
3/ As of the date of this report.      
Key IMF Financial Statistics
 
Term Definition

   
Available Resources  
GRA  
Usable resources Usable resources consist of: (i) the IMF’s holdings of the currencies of members considered by the Executive Board to have a sufficiently strong balance of payments and reserve position for their currencies to be used in the financing of IMF transactions (see Financial Transactions: http://www.imf.org/cgi-shl/create_x.pl?ftp), (ii) holdings of SDRs, and (iii) unused amounts, if any, under credit lines already activated, such as under the General Arrangements to Borrow and New Arrangements to Borrow (GAB/NAB) and resources available under other Fund borrowing agreements and notes purchase agreements. Subsequent to the activation of the NAB on April 1, 2011, amounts available under Fund bilateral borrowing and note purchase agreements of NAB participants include only those needed to cover financing of commitments under arrangements approved by the Fund prior to April 1, 2011 based on the current 1:1 bilateral borrowed to quota resources financing ratio for such commitments; undrawn balances under bilateral agreements of other creditors not included in the NAB (Czech National Bank, Central Bank of Malta, Slovak Republic, and Bank of Slovenia) are available to finance all (both pre- and post-NAB) commitments.
Uncommitted usable
resources
Usable resources less the full amount of undrawn balances under existing Fund arrangements.
Forward commitment capacity A measure of the resources available for new financial commitments, equal to uncommitted usable resources plus repurchases one-year forward less repayments of borrowing due one-year forward and less the prudential balance. As of April 1, 2011, reflects activation of the expanded NAB for the first activation period through end-September 2011, as of October 1st, 2011, for the second activation period through end-March 2012, as of April 1st, 2012, for the third activation period through end-September 2012, and as of October 1st, 2012, for the fourth activation period through end-March 2013.
   
PRG Trust Trust administered by the IMF to conduct concessional lending operations through the Loan, Reserve and Subsidy Accounts.
Available loan resources Loan Account resources committed by lenders to the PRG Trust.
Cumulative commitments, net Cumulative commitments to borrowers, net of unused amounts under arrangements which have expired or have been canceled.
Of which: Cumulative disbursements Disbursements to borrowers under PRGT arrangements.
Uncommitted loan resources Available PRGT loan resources less commitments made to eligible member countries.
   
Financial Assistance  
GRA The General Resources Account (GRA) contains IMF’s holdings of members’ currencies, SDRs, gold, and other assets. These holdings are principally derived from quota subscription payments plus any activated borrowings.
Purchases GRA resources disbursed to members during the period (outflows).
Repurchases GRA resources repaid by members during the period (inflows).
Credit outstanding Total GRA resources disbursed less repayments.
Outstanding Fund borrowings Total GRA borrowings less repayments.
PRG Trust The PRG Trust (PRGT) provides financial support to low-income member countries via concessional loan facilities.
Disbursements PRG Trust resources disbursed to members during the period.
Repayments PRG Trust resources (including outstanding Trust Fund and Structural Adjustment Facility (SAF) loans) repaid by members during the period.
Credit outstanding Total PRG Trust resources disbursed less repayments (including outstanding Trust Fund and Structural Adjustment Facility (SAF) loans).
HIPC Assistance provided to eligible countries under the Heavily Indebted Poor Countries (HIPC) Initiative.
Number of countries Number of countries for which HIPC assistance has been committed.
Commitments Cumulative commitments made to HIPC-eligible members that have reached the decision point under the HIPC Initiative; includes amounts that the IMF has indicated will be committed subject to satisfactory assurances regarding exceptional assistance to be provided by other creditors under the HIPC Initiative.
Disbursements Cumulative grants to members eligible for financial assistance under the HIPC Initiative to be used to help meet debt service payments to the IMF.
Of which:  
Interim assistance Cumulative grants to members between their decision and completion points.
Completion point assistance Final grants to members at their completion points.
MDRI The Multilateral Debt Relief Initiative (MDRI) provides 100% debt relief to eligible member countries that are qualified for the assistance. The debt relief covers the full stock of debt owed to the Fund as of end-2004, and still outstanding at the time the country qualifies for such debt relief.
Number of countries Number of countries which have received MDRI debt relief.
Total Debt Relief  
Financed from  
MDRI Trusts MDRI resources (excluding HIPC debt relief) disbursed to members during the period.
HIPC Umbrella Account HIPC resources used as debt relief under the MDRI during the period.
   
PCDR The Post-Catastrophe Debt Relief (PCDR) Trust provides 100% debt relief to eligible member countries that are qualified for the assistance.
Number of countries Number of countries which have received Post-Catastrophe Debt Relief.
Total Debt Relief  
Financed from the  
PCDR Trust PCDR resources (excluding HIPC debt relief) disbursed to members during the period.
   
Arrears Outstanding  
GRA Total overdue GRA financial obligations.
PRG Total overdue PRGT financial obligations.
Trust Fund and other Total overdue financial obligations to the Trust Fund and Structural Adjustment Facility (SAF). Although the Trust Fund and SAF are no longer operational, arrears to the Trust Fund and SAF consist of overdue repayments, interest, or charges on loans provided under these facilities.
Rates  
US$ per SDR Exchange rate for the SDR in terms of U.S. dollars. The method for valuing the SDR was revised effective January 1, 2011.
  (See: http://www.imf.org/external/np/tre/sdr/basket.htm)
SDR interest rate Interest rate calculated as a weighted average of three month market interest rates on U.S. dollar, euro, Japanese yen and pound sterling assets. The method for valuing the SDR interest rate was revised effective January 7, 2011.
  (See: http://www.imf.org/external/np/tre/tad/sdr_ir.cfm)
Rate of Charge, adjusted The basic rate of charge on GRA loans is equal to the SDR interest rate plus 100 basis points to cover the IMF's cost of financing, additions to reserves, and administrative expenses; and further adjusted by a small margin to compensate for income forgone because of charges in arrears.
Rate of remuneration, adjusted Interest rate paid to members that provide resources to the IMF. Adjusted by a small margin to allow for special additions to reserves and to compensate for income forgone because of charges in arrears.
Investments  
Amount PRG, PRG-HIPC and MDRI Trust resources invested in short-term deposits and medium-term instruments with the Bank for International Settlements (BIS) and bond portfolios managed by the World Bank and private investment managers. Data from the first quarter of 2000 onward also include sight deposits. The SDA contains the profits (sales proceeds minus the value of the gold at the acquisition cost) from sales of the IMF's gold holdings.
Average yield (percent) Weighted average yield on time deposits, two days' notice accounts, demand deposit accounts, and fixed income securities.
Average maturity (months) Weighted average of remaining maturity of resources placed in time deposits and the modified duration of fixed income securities.
Table 2. Forward Commitment Capacity (FCC)            
as of November 8, 2012              
(In billions of SDRs)            
(For definitions, see below)
           
                 
I. Usable resources (a) + (b) 400.0              
(a) Fund quota resources 150.4              
(b) Fund borrowed resources 249.5              
II. Undrawn balances under GRA arrangements 122.7              
III. Uncommitted usable resources ( I - II ) 277.3              
IV. Repurchases one-year forward 17.8              
V. Repayments of borrowed resources one-year forward 1.8              
VI. Prudential balance 40.0              
VII. Forward commitment capacity ( III + IV - V - VI ) 253.3 1/            
(a) Quota resources 75.0 2/ 3/            
(b) NAB resources 177.0 3/            
(c) Non-NAB bilateral borrowed resources 1.3              

               
1/ The FCC does not include about US$461 billion in bilateral pledges from members to boost IMF resources. These resources will only be counted towards the FCC once: (i) individual bilateral agreements are effective and (ii) the associated resources are available for use by the IMF, as determined by the IMF Executive Board.              
2/ Based on 1:1 quota to bilateral borrowed resources financing ratio for pre-NAB commitments.              
3/ Based on 3:1 NAB to quota resources financing ratio for post-NAB commitments.              
Forward Commitment Capacity (FCC)
 
Term Definition

   
Usable Resources  
Fund quota resources The IMF holdings of SDRs and IMF’s holdings of the currencies of members considered by the Executive Board to have a sufficiently strong balance of payments and reserve position for their currencies to be used in the financing of IMF transactions (see Financial Transactions: http://www.imf.org/cgi-shl/create_x.pl?ftp),
Fund borrowed resources Unused amounts, if any, under credit lines already activated, such as under the General Arrangements to Borrow and New Arrangements to Borrow (GAB/NAB) and resources available under other Fund borrowing agreements and notes purchase agreements. Subsequent to the activation of the NAB on April 1, 2011, amounts available under Fund bilateral borrowing and note purchase agreements of NAB participants include only those needed to cover financing of commitments under arrangements approved by the Fund prior to April 1, 2011 based on the current 1:1 bilateral borrowed to quota resources financing ratio for such commitments; undrawn balances under bilateral agreements of other creditors not included in the NAB (Czech National Bank, Central Bank of Malta, Slovak Republic, and Bank of Slovenia) are available to finance all (both pre- and post-NAB) commitments.
Repurchases one-year forward Repayments by member countries during the coming one-year period. These repurchases add to the supply of the IMF’s usable resources. It is assumed that repurchases would be made on an expectations basis for the SRF, and on an obligations basis under all other facilities (see Terms of IMF Lending: http://www.imf.org/external/np/exr/facts/howlend.htm)
Repayments of borrowings
one-year forward
Repayment obligations on Fund borrowing and note placements in the coming one-year period, including drawings and notes reaching final maturity in the next 12 months plus any encashment requests for early repayment to be met over that same period.
Prudential balance Amount set aside to safeguard the liquidity of members’ claims and take account of the potential erosion of the IMF’s resource base. The prudential balance is set at 20 percent of the quotas of members participating in the financing of IMF transactions (Financial Transactions Plan) and any amounts made available under active bilateral borrowing and notes purchase agreements. The prudential balance currently does not cover the encashment needs of NAB participants’ outstanding claims under bilateral borrowing agreements that are to be folded into the NAB. Nor does it extend to the claims of participants in the expanded NAB, as such resources are to be provided by setting aside a portion of the total credit arrangements under the NAB. The prudential ratio of 20 percent as decided by the IMF’s Executive Board reflects historical experience and judgments on the indicative level of uncommitted usable resources that the IMF would normally not use to make financial commitments. The prudential balance does not represent a rigid minimum and IMF resources could, on a strictly temporary basis, fall below this level.
Table 3a. Current Financial Arrangements (GRA)
as of November 8, 2012
(In millions of SDRs, unless indicated otherwise) 1/
(For definitions, see below)
 
Member Effective Expiration Amount Undrawn GRA Credit
Date
Date
Agreed
Balance
Outstanding2/
As percent of Quota
             
Stand-by Arrangements  
           
Antigua and Barbuda 6/7/10 6/6/13 68 24 44 325    
*Bosnia 9/26/12 9/25/14 338 287 366 217    
El Salvador 3/ 3/17/10 3/16/13 514 514 - -    
*Georgia 3/ 4/11/12 4/10/14 125 125 465 309    
Iraq 2/24/10 2/23/13 2,377 1,307 1,070 90    
*Jordan 8/3/12 8/2/15 1,364 1,108 256 150    
*Kosovo 4/27/12 12/26/13 91 48 62 105    
Maldives 12/4/09 12/3/12 49 41 8 82    
Romania 3/ 3/31/11 3/30/13 3,091 3,091 9,477 920    
*Serbia, Republic of 3/ 9/29/11 3/28/13 935 935 1,280 274    
*St. Kitts 7/27/11 7/26/14 53 13 42 471    
Ukraine 7/28/10 12/27/12 10,000 7,750 7,250 528    
             
12 Arrangements     19,004 15,243 20,319  
             
Extended Arrangements            
             
Armenia 6/28/10 6/27/13 133 46 385 418    
*Greece 3/15/12 3/14/16 23,785 22,386 18,941 1,719    
Ireland 12/16/10 12/15/13 19,466 3,680 15,785 1,255    
Moldova 1/29/10 1/28/13 185 36 149 121    
*Portugal 5/20/11 5/19/14 23,742 6,599 17,143 1,665    
Seychelles 12/23/09 12/22/12 20 1 27 246    
             
6 Arrangements     67,331 32,748 52,430  
             
Flexible Credit Line            
             
*Colombia 3/ 5/6/11 5/5/13 3,870 3,870 - -    
Mexico 3/ 1/10/11 1/9/13 47,292 47,292 - -    
Poland 3/ 1/21/11 1/20/13 19,166 19,166 - -    
             
3 Arrangements     70,328 70,328 -  
             
Precautionary and Liquidity Line            
             
Macedonia 1/19/11 1/18/13 413 216 197 286    
*Morocco 3/ 8/3/12 8/2/14 4,117 4,117 - -    
             
2 Arrangements     4,531 4,334 197  
             
Total 23 GRA Arrangements 4/     161,194 122,653 72,946  
Of which post-NAB commitments     58,421 39,489    
             
Memo item: Members without current arrangements     17,893  
Total credit outstanding         90,839  

             
* Indicates members (in bold) with arrangements approved during a NAB activation period.    
1/ -- indicates zero value. Totals may not add due to rounding.        
2/ Includes credit outstanding under the member's expired arrangements.      
3/ Treated as precautionary by the authorities.          
4/ Excluding financing under the Rapid Financing Instrument.        
Table 3b. Current Financial Arrangements (PRGT)
as of November 8, 2012
(In millions of SDRs, unless indicated otherwise) 1/
(For definitions, see below)
             
Member Effective Expiration Amount Undrawn
PRGT Loans
Date
Date
Agreed
Balance
Outstanding2/
As percent of Quota
             
Extended Credit Facility            
           
Afghanistan 11/14/11 11/13/14 85 61 97 60
Armenia 6/28/10 6/27/13 133 43 124 135
Bangladesh 4/11/12 4/10/15 640 549 254 48
Benin 6/14/10 9/13/13 74 32 67 108
Burkina Faso 6/14/10 6/13/13 82 25 120 199
Burundi 1/27/12 1/26/15 30 25 88 114
Central African Rep. 6/25/12 6/24/15 42 35 66 118
Comoros 9/21/09 12/31/13 14 5 11 125
Congo, Dem.Rep.of 12/11/09 12/10/12 346 148 309 58
Cote d'Ivoire 11/4/11 11/3/14 390 244 447 138
Gambia, The 5/25/12 5/24/15 19 9 32 102
Grenada 4/18/10 4/17/13 9 6 18 158
Guinea 2/24/12 2/23/15 129 92 37 35
Guinea-Bissau 5/7/10 5/6/13 22 7 7 51
Haiti 7/21/10 7/20/13 41 10 31 38
Kenya 1/31/11 1/30/14 489 144 584 215
Kyrgyz Republic 6/20/11 6/19/14 67 38 115 129
Lesotho 6/2/10 6/1/13 51 17 37 105
Malawi 7/23/12 7/22/15 104 91 105 151
Mali 12/27/11 12/26/14 30 24 65 70
Mauritania 3/15/10 3/14/13 77 22 65 101
Moldova 1/29/10 1/28/13 185 14 253 206
Niger 3/16/12 3/15/15 79 68 45 69
Sao Tome 7/20/12 7/19/15 3 2 4 48
Sierra Leone 7/1/10 6/30/13 31 9 81 78
             
25 Arrangements     3,171 1,719 3,062  
             
Standby Credit Facility            
             
Georgia 3/ 4/11/12 4/10/14 125 125 69 46
Solomon Islands 3/ 12/6/11 12/5/12 5 5 12 120
Tanzania 3/ 7/6/12 1/5/14 149 149 226 114
             
3 Arrangements     279 279 307  
             
Total 28 PRGT Arrangements 4/     3,450 1,998 3,369  
             
Memo Item : Members without Current Arrangement     2,302  
Total credit outstanding         5,671  

             
1/ -- indicates zero value. Totals may not add due to rounding.        
2/ Includes credit outstanding under the member's expired arrangements.      
3/ Treated as precautionary by the authorities.          
4/ Excluding financing under the Rapid Credit Facility.        
Current Financial Arrangements (GRA, PRG)
 
Term Definition

Arrangements IMF credit is made available under a variety of borrowing arrangements with different disbursement schedules and maturities depending on the balance of payment needs of the member.
GRA  
Stand-By Arrangements The most common type of credit arrangement designed to provide short-term financial assistance. Purchases under Stand-By Arrangements are repayable in 8 quarterly installments 3¼ - 5 years after disbursement.
Extended Arrangements Extended Arrangements provide credit for a longer period since these arrangements usually require fundamental reforms which may need more time to put in place and take effect. Drawings under extended arrangements are repayable in 12 semiannual installments 4½ - 10 years after disbursement.
Flexible Credit Line The Flexible Credit Line (FCL) has been established to allow members with very strong track records to access IMF resources based on pre-set qualification criteria to deal with all types of balance of payments problems. The FCL could be used both on a precautionary (crisis prevention) and nonprecautionary (crisis resolution) basis. Members may request either a one-year arrangement with no interim reviews, or a two-year arrangement with an interim review of qualification required after twelve months. Upon expiration, the Fund may approve additional FCL arrangements for the member. Access is determined based on individual country financing needs and is not subject to a pre-set cap. Purchases under FCL arrangements are repayable in 8 quarterly installments 3¼ - 5 years after disbursement.
Precautionary and Liquidity Line The Precautionary and Liquidity Line (PLL), which replaces the Precautionary Credit Line (PCL), has been established to meet actual or potential balance of payments needs of members with sound economic fundamentals and institutional policy frameworks but with some remaining vulnerabilities that preclude them from using the FCL. Access under a PLL arrangement varies depending on the duration of the arrangement and member-specific needs. PLL arrangements can have a duration of either six months or one to two years. Under a six-month arrangement, access would not exceed 250 percent of a member’s quota, which could be augmented to a maximum of 500 percent in exceptional circumstances where the member faces a balance of payments need that is of a short-term nature and results from exogenous shocks, including from heightened regional or global economic stress conditions. For one to two year arrangements, the maximum access upon approval is equal to 500 percent of a member’s quota for the first year and up to 1000 percent of quota for the second year (the latter of which could also be brought forward to the first year where needed, following a Board review). One to two year arrangements are subject to Executive Board reviews every six months.
PRG Trust  
ECF Arrangements Concessional arrangements providing credit in support of a three-year macroeconomic and structural adjustment program to eligible low-income members facing protracted balance of payment issues (formerly known as PRGF). The loans are repayable in 10 equal semiannual installments 5½ - 10 years after disbursement.
SCF Arrangements Concessional arrangements ranging from one to two years to provide financial assistance to low-income countries that are experiencing short-term but not protracted balance of payments needs. The loans are repayable in 9 equal semiannual installments 4 - 8 years after disbursement.
  Interest on all PRGT loans (including outright drawings under the RCF) has been waived through end-December 2012.
Arrangement Details IMF financial arrangements are reviewed regularly to assess progress in policy reforms. The disbursement of funds under an arrangement is linked to the achievement of certain financial targets.
Next Scheduled Review Expected date the arrangement will be reviewed by the Executive Board.
Date of Approval Date the arrangement was approved by the Executive Board.
Date of Expiration Arrangements have a specified duration. Commitments are no longer available after the expiration of the arrangement.
Amount Agreed Amount of credit available under an arrangement.
Undrawn Balance Amount of credit available under an arrangement but not yet drawn.
Total Credit Outstanding Total unpaid and outstanding principal due to the IMF under existing and expired arrangements.
Total Credit Outstanding as  
percent of quota Total credit outstanding in terms of member's quota.
Table 4. Status of Commitments of IMF HIPC Assistance
as of November 8, 2012
(In millions of SDRs) 1/
(For definitions, see below)
             
Member
Decision Point
Completion Point
Amount Committed
Amount Disbursed2/
             
Under the Original HIPC Initiative            
Bolivia Sep. 1997 Sep. 1998 21.2   21.2  
Burkina Faso Sep. 1997 Jul. 2000 16.3   16.3  
Côte d'Ivoire Mar. 1998 -- 16.7 3/ --  
Guyana Dec. 1997 May. 1999 25.6   25.6  
Mali Sep. 1998 Sep. 2000 10.8   10.8  
Mozambique Apr. 1998 Jun. 1999 93.2   93.2  
Uganda Apr. 1997 Apr. 1998 51.5   51.5  
Total Original HIPC     235.3   218.6  
             
Under the Enhanced HIPC Initiative          
Afghanistan Jul. 2007 Jan. 2010 -- 4/ --  
Benin Jul. 2000 Mar. 2003 18.4   20.1  
Bolivia Feb. 2000 Jun. 2001 41.1   44.2  
Burkina Faso Jul. 2000 Apr. 2002 27.7   29.7  
Burundi Aug. 2005 Jan. 2009 19.3   22.4  
Cameroon Oct. 2000 Apr. 2006 28.6   33.7  
Central African Republic Sep. 2007 Jun. 2009 17.2   18.1  
Chad May. 2001 Floating 14.3   8.6  
Comoros Jul. 2010 Floating 2.9   --  
Congo, Dem. Rep. of Jul. 2003 Jul. 2010 280.3   330.7  
Congo, Rep. of Mar. 2006 Jan. 2010 5.4   6.3  
Côte d'Ivoire Apr. 2009 Jun. 2012 25.9   26.4  
Ethiopia Nov. 2001 Apr. 2004 45.1   46.7  
Gambia, The Dec. 2000 Dec. 2007 1.8   2.3  
Ghana Feb. 2002 Jul. 2004 90.1   94.3  
Guinea Dec. 2000 Sep. 2012 27.8   35.3  
Guinea-Bissau Dec. 2000 Dec. 2010 9.2   9.4  
Guyana Nov. 2000 Dec. 2003 31.1   34.0  
Haiti Nov. 2006 Jun. 2009 2.1   2.3  
Honduras Jun. 2000 Apr. 2005 22.7   26.4  
Liberia Mar. 2008 Jun. 2010 440.9   451.9 5/
Madagascar Dec. 2000 Oct. 2004 14.7   16.4  
Malawi Dec. 2000 Aug. 2006 33.4   37.2  
Mali Sep. 2000 Mar. 2003 34.7   38.5  
Mauritania Feb. 2000 Jun. 2002 34.8   38.4  
Mozambique Apr. 2000 Sep. 2001 13.7   14.8  
Nicaragua Dec. 2000 Jan. 2004 63.5   71.2  
Niger Dec. 2000 Apr. 2004 31.2   34.0  
Rwanda Dec. 2000 Apr. 2005 46.8   50.6  
São Tomé and Príncipe Dec. 2000 Mar. 2007 0.8   0.9  
Senegal Jun. 2000 Apr. 2004 33.8   38.4  
Sierra Leone Mar. 2002 Dec. 2006 100.0   106.6  
Tanzania Apr. 2000 Nov. 2001 89.0   96.4  
Togo Nov. 2008 Dec. 2010 0.2   0.2  
Uganda Feb. 2000 May. 2000 68.1   70.2  
Zambia Dec. 2000 Apr. 2005 468.8   508.3  
Total Enhanced HIPC     2,185.3   2,364.5  
             
Grand Total     2,420.6   2,583.1  

             
1/ -- indicates zero value. Totals may not add due to rounding.          
2/ Includes interest on amounts committed under the Enhanced HIPC Initiative.  
3/ Equivalent to the committed amount of US $22.5 million at decision point exchange rates (3/17/98).  
4/ At the time of its decision point, Afghanistan did not have any outstanding eligible debt.  
5/ Does not include beyond-HIPC assistance of SDR 116.2 million.  
Status of Commitments of HIPC Assistance
 
Term Definition

Decision Point Point at which the IMF decides whether a member qualifies for assistance under the HIPC Initiative (normally at the end of the initial three-year performance period) and decides on the amount of assistance to be committed.
Completion Point Point at which the country receives the bulk of its assistance under the HIPC Initiative, without any further policy conditions. Under the enhanced HIPC Initiative, the timing of the completion point is linked to the implementation of pre-agreed key structural reforms (i.e., floating completion point).
Amount Committed Amount of HIPC assistance determined, in consultation with the World Bank, at the decision point to be made available by the IMF.
Amount Disbursed Resources disbursed to the member to help meet debt service payments to the IMF. Disbursements are normally dependent on receipt of sufficient financing assurances from other creditors.
Table 5. Status of Multilateral Debt Relief Initiative Assistance
as of November 8, 2012
(In millions of SDRs) 1/
(For definitions, see below)
         
Member Delivery Eligible Debt
Date
GRA 2/ PRGT Total

         
Benin 01/06/06 -- 36.1 36.1
Bolivia 01/06/06 89.8 71.2 160.9
Burkina Faso 01/06/06 -- 62.1 62.1
Burundi 02/02/09   26.4 26.4
Cambodia 01/06/06 -- 56.8 56.8
Cameroon 04/28/06 -- 173.3 173.3
Central African Republic 07/02/09 -- 4.0 4.0
Congo, Dem. Rep. of 07/06/10 -- 248.1 248.1
Congo, Rep. of 01/28/10 -- 7.9 7.9
Ethiopia 01/06/06 -- 112.1 112.1
Gambia, The 12/20/07 -- 9.4 9.4
Ghana 01/06/06 -- 265.4 265.4
Guinea-Bissau 12/17/10 -- 0.5 0.5
Guyana 01/06/06 -- 45.1 45.1
Honduras 01/06/06 -- 107.5 107.5
Madagascar 01/06/06 -- 137.3 137.3
Malawi 09/01/06 - 12/19/06 3/ 10.8 27.0 37.9
Mali 01/06/06 -- 75.1 75.1
Mauritania 06/22/06 -- 32.9 32.9
Mozambique 01/06/06 -- 106.6 106.6
Nicaragua 01/06/06 -- 140.5 140.5
Niger 01/06/06 -- 77.6 77.6
Rwanda 01/06/06 -- 52.7 52.7
São Tomé and Príncipe 03/19/07 - 12/28/07 4/ -- 1.4 1.4
Senegal 01/06/06 -- 100.3 100.3
Sierra Leone 12/18/06 -- 117.3 117.3
Tajikistan 01/06/06 -- 69.3 69.3
Tanzania 01/06/06 -- 234.0 234.0
Uganda 01/06/06 -- 87.7 87.7
Zambia 01/06/06 -- 402.6 402.6
         
Total   100.6 2,888.1 2,988.7

1/ Excluding HIPC and Beyond-HIPC assistance of SDR 548.5 million provided to Liberia in June 9010.  
2/ -- indicates zero value. Totals may not add due to rounding.      
3/ MDRI assistance to Malawi was delivered in September 2006. Following the receipt of satisfactory financing assurances from other creditors, Malawi received additional MDRI assistance financed from HIPC topping-up assistance in December 2006.
4/ MDRI assistance to São Tomé and Príncipe was delivered in March 2007. Following the receipt of satisfactory financing assurances from other creditors, São Tomé and Príncipe received additional MDRI assistance financed from HIPC topping-up assistance in December 2007.
Status of Multilateral Debt Relief Initiative Assistance
   
Term Definition

Debt Relief Delivery Date The effective date of delivery of MDRI assistance to qualified members.
Eligible Debt  
GRA Assistance that covers credit outstanding under the GRA
PRG Assistance that covers credit outstanding under the PRG Trust