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Heavily Indebted Poor
Countries (HIPC)

Somalia: Financial Position in the Fund
as of May 31, 2015

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 31, 1962;Article XIV

II. General Resources Account:SDR Million%Quota
       IMF's Holdings of Currency (Holdings Rate)140.45317.77
       Reserve Tranche Position0.000.00

III. SDR Department:SDR Million%Allocation
       Net cumulative allocation1/46.46100.00

1/ Excluding SDRs allocated and placed in escrow account under the Fourth Amendment of the IMF's Articles of agreement (SDR 4,156,315 ),such holdings will be available to Somalia upon the settlement of all overdue obligations to the fund.

IV. Outstanding Purchases and Loans:SDR Million%Quota
      Contingency and Compensatory28.5364.54
      Stand-by Arrangements67.72153.22
      Trust Fund6.4614.62
      SAF Loans8.8420.00

V. Latest Financial Commitments:


Date ofExpirationAmount ApprovedAmount Drawn
TypeArrangementDate(SDR Million)(SDR Million)
      SAF  Jun 29, 1987  Jun 28, 199030.94    8.84
      Stand-By  Jun 29, 1987  Jun 28, 198833.15    5.53
      Stand-By  Feb 22, 1985  Sep 30, 198620.10    20.10

VI. Overdue Obligations and Projected Payments to Fund  2/
   (SDR Million; based on existing use of resources and present holdings of SDRs):
Overdue                                      Forthcoming                                      
    May 31, 2015 2015  2016  2017  2018  2019 


2/ 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 Catastrophe Containment and Relief (CCR):  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.