International Monetary Fund
Brazil: History of Lending Commitments
as of August 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
of which Supplemental Reserve Facility
   Sep 06, 2002
  Sep 06, 2002
   Dec 31, 2003
  Sep 05, 2003
22,821,120
7,609,691
14,156,822
6,088,283
14,156,822
6,088,283
Standby Arrangement
of which Supplemental Reserve Facility
   Sep 14, 2001
  Sep 14, 2001
   Sep 05, 2002
  Sep 05, 2002
12,144,400
9,950,874
11,385,374
9,950,874
4,751,458
3,316,958
Standby Arrangement
of which Supplemental Reserve Facility
   Dec 02, 1998
  Dec 02, 1998
   Sep 14, 2001
  Dec 01, 1999
13,024,800
9,117,360
9,470,750
6,512,400
2,347,813
0
Standby Arrangement    Jan 29, 1992    Aug 31, 1993 1,500,000 127,500 0
Standby Arrangement    Aug 23, 1988    Feb 28, 1990 1,096,000 365,300 0
Extended Fund Facility    Feb 28, 1983    Feb 27, 1986 4,239,375 2,743,125 0
Total 54,825,695 38,248,871 21,256,093

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.

Brazil Financial Position in the Fund