Financial Position in the Fund for Burkina Faso as of December 31, 2002

IMF Finances

Transactions with
the Fund

Credit Outstanding

Projected Payments

IMF Members'
Financial Data by
Country

See Also:
Heavily Indebted Poor
Countries (HIPC)

Burkina Faso: Financial Position in the Fund
as of December 31, 2002

Summary of IMF members' quota, reserve tranche position, SDR holdings, outstanding credit, recent lending arrangements, projected payments due to the IMF, and historical transactions with the IMF.

I. Membership Status: Joined: May 02, 1963;

II. General Resources Account:	SDR Million	%Quota
Quota	60.20	100.00
IMF's Holdings of Currency (Holdings Rate)	52.94	87.95
Reserve Tranche Position	7.26	12.06

III. SDR Department:	SDR Million	%Allocation
Net cumulative allocation	9.41	100.00
Holdings	0.30	3.19

IV. Outstanding Purchases and Loans:	SDR Million	%Quota
ECF Arrangements	93.04	154.56

V. Latest Financial Commitments:
Arrangements:
	Date of	Expiration	Amount Approved	Amount Drawn
Type	Arrangement	Date	(SDR Million)	(SDR Million)
ECF ^1/	Sep 10, 1999	Dec 09, 2002	39.12	39.12
ECF ^1/	Jun 14, 1996	Sep 13, 1999	39.78	39.78
ECF ^1/	Mar 31, 1993	May 30, 1996	53.04	44.20
^1/ Formerly PRGF.

VI. Overdue Obligations and Projected Payments to Fund (without HIPC Assistance)^2/
(SDR Million; based on existing use of resources and present holdings of SDRs):
		Forthcoming
		2003	2004	2005	2006	2007
Principal		12.60	13.48	11.73	10.09	12.12
Charges/Interest		0.62	0.55	0.48	0.43	0.37
Total		13.21	14.03	12.21	10.51	12.49

^2/ When a member has overdue financial obligations outstanding for more than three months, the amount of such arrears will be shown in this section.

Overdue Obligations and Projected Payments to Fund: (with Board-approved HIPC Assistance)¹
(SDR Million; based on existing use of resources and present holdings of SDRs):
		Forthcoming
		2003	2004	2005	2006	2007
Principal		2.42	3.30	2.52	7.07	10.70
Charges/Interest		0.62	0.55	0.48	0.43	0.37
Total		3.03	3.85	3.01	7.49	11.07

VII. Implementation of HIPC Initiative:
	Original	Enhanced
I. Commitment of HIPC assistance	Framework	Framework	Total
Decision point date	Sep 1997	Jul 2000
Assistance committed
by all creditors (US$ Million) ^1/	229.00	195.60
Of which: IMF assistance (US$ million)	21.70	22.21
(SDR equivalent in millions)	16.30	16.74 ^2/
Completion point date	Jul 2000	Apr 2002

II. Disbursement of IMF assistance (SDR Million)
Assistance disbursed to the member	16.30	16.74	33.04
Interim assistance	--	4.15	4.15
Completion point balance	16.30	12.59	28.89
Additional disbursement of interest income ^3/	--	1.34	1.34
Total disbursements	16.30	18.08	34.38
^1/ Assistance committed under the original framework is expressed in net present value (NPV) terms at the completion point, and assistance committed under the enhanced framework is expressed in NPV terms at the decision point. Hence these two amounts can not be added.
^2/ Excludes commitment of additional enhanced HIPC assistance of SDR 10.93 million subject to receipt of satisfactory financing assurances from other creditors.
^3/ Under the enhanced framework, an additional disbursement is made at the completion point corresponding to interest income earned on the amount committed at the decision point but not disbursed during the interim period.

VIII. Implementation of Multilateral Debt Relief Initiative (MDRI): Not Applicable

IX. Implementation of Post-Catastrophe Debt Relief (PCDR): Not Applicable
As of February 4, 2015, the Post-Catastrophe Debt Relief Trust has been transformed to the Catastrophe Containment and Relief (CCR) Trust.
_________________
Decision point - point at which the IMF and the World Bank determine whether a country qualifies for assistance under the HIPC Initiative and decide on the amount of assistance to be committed.
Interim assistance - amount disbursed to a country during the period between decision and completion points, up to 20 percent annually and 60 percent in total of the assistance committed at the decision point (or 25 percent and 75 percent, respectively, in exceptional circumstances).
Completion point - point at which a country receives the remaining balance of its assistance committed at the decision point, together with an additional disbursement of interest income as defined in footnote 2 above. The timing of the completion point is linked to the implementation of pre-agreed key structural reforms (i.e., floating completion point).

Prepared by Finance Department

Disclaimer
The information provided is for your convenience and is not intended to replace other official IMF reports and statements.