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Philippines: Financial Position in the Fund
as of December 31, 2004

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: December 27, 1945;Article VIII

II. General Resources Account:SDR Million%Quota
       Quota879.90100.00
       IMF's Holdings of Currency (Holdings Rate)1,279.41145.40
       Reserve Tranche Position87.439.94

III. SDR Department:SDR Million%Allocation
       Net cumulative allocation116.60100.00
       Holdings0.650.55

IV. Outstanding Purchases and Loans:SDR Million%Quota
      Stand-by Arrangements89.0910.12
      Extended Arrangements397.8545.21

V. Latest Financial Commitments:

     Arrangements:

Date ofExpirationAmount ApprovedAmount Drawn
TypeArrangementDate(SDR Million)(SDR Million)
      Stand-By  Apr 01, 1998  Dec 31, 20001,020.79    783.23
      EFF  Jun 24, 1994  Mar 31, 1998791.20    791.20
      Stand-By  Feb 20, 1991  Mar 31, 1993334.20    334.20

VI. Overdue Obligations and Projected Payments to Fund  1/
   (SDR Million; based on existing use of resources and present holdings of SDRs):
                                       Forthcoming                                      
         2005  2006  2007  2008  2009 
  Principal
214.87125.78125.7820.50
  Charges/Interest
14.519.235.312.852.58
   Total
229.38135.01131.0923.352.58

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


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

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