IMF Finances

Transactions with
the Fund

Credit Outstanding

Projected Payments

IMF Members'
Financial Data by

Korea: Financial Position in the Fund
as of February 28, 1999

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: August 26, 1955;Article VIII

II. General Resources Account:SDR Million%Quota
       IMF's Holdings of Currency (Holdings Rate)11,925.04729.99
       Reserve Tranche Position208.5612.77

III. SDR Department:SDR Million%Allocation
       Net cumulative allocation72.91100.00

IV. Outstanding Purchases and Loans:SDR Million%Quota
      Stand-by Arrangements10,500.00642.75

V. Latest Financial Arrangements:

Date ofExpirationAmount ApprovedAmount Drawn
TypeArrangementDate(SDR Million)(SDR Million)
      Stand-By  Dec 04, 1997  Dec 03, 200015,500.00    14,050.00
      of which SRF  Dec 04, 1997  Dec 17, 19989,950.00   9,950.00
      Stand-By  Jul 12, 1985  Mar 10, 1987280.00    160.00
      Stand-By  Jul 08, 1983  Mar 31, 1985575.78    575.78

VI. Overdue Obligations and Projected Payments to Fund  1/
   (SDR Million; based on existing use of resources and present holdings of SDRs):
         1999  2000  2001  2002  2003 
1/ The projection of charges and interest assumes that overdue principal at the report date (if any) will remain outstanding, but forthcoming obligations will be settled on time.

VII. Implementation of HIPC Initiative: Not Applicable

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.

Prepared by Finance Department

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