International Monetary Fund
Argentina: History of Lending Commitments
as of May 31, 2003

The IMF lends under concessional and non-concessional arrangements or can provide outright loans. A lending arrangement, which is similar to a line of credit, is approved by the IMF Executive Board to support a country's economic and financial program. The arrangement requires the member to observe specific terms and subject to periodic reviews in order to continue to draw upon it. An outright loan is also approved by the IMF Executive Board, however, it does not require a member to observe specific terms.


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(In Thousands of SDRs)

Facility Date of
Arrangement
Expiration
Date  4/
Amount
Agreed
Amount
Drawn
Amount
Outstanding
Standby Arrangement    Jan 24, 2003    Aug 31, 2003 2,174,500 973,200 973,200
Standby Arrangement
of which Supplemental Reserve Facility
   Mar 10, 2000
  Jan 12, 2001
   Jan 23, 2003
  Jan 11, 2002
16,936,800
6,086,660
9,756,310
5,874,950
8,909,470
5,028,110
Extended Fund Facility    Feb 04, 1998    Mar 10, 2000 2,080,000 0 0
Standby Arrangement    Apr 12, 1996    Jan 11, 1998 720,000 613,000 0
Extended Fund Facility    Mar 31, 1992    Mar 30, 1996 4,020,250 4,020,250 619,110
Standby Arrangement    Jul 29, 1991    Mar 31, 1992 780,000 438,750 0
Standby Arrangement    Nov 10, 1989    Mar 31, 1991 736,000 506,000 0
Standby Arrangement    Jul 23, 1987    Sep 30, 1988 947,500 616,500 0
Standby Arrangement    Dec 28, 1984    Jun 30, 1986 1,182,500 1,182,500 0
Total 29,577,550 18,106,510 10,501,780

4/ The expiration date for outright disbursements (RFI and RCF) reflects the date the disbursement was drawn, or the date the disbursement expires, i.e., 60 days following the Board approval date. The expiration dates for arrangements under the GRA, PRGT, and RST reflect either the approved expiration date of the arrangement or the date the last disbursement takes place under the fully drawn arrangements.

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

Argentina Financial Position in the Fund