International Monetary Fund
Argentina: History of Lending Commitments
as of December 31, 1996

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 adjustment 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    Apr 12, 1996    Jan 11, 1998 720,000 292,000 292,000
Extended Fund Facility    Mar 31, 1992    Mar 30, 1996 4,020,250 4,020,250 4,009,144
Standby Arrangement    Jul 29, 1991    Mar 31, 1992 780,000 438,750 36,563
Standby Arrangement    Nov 10, 1989    Mar 31, 1991 736,000 506,000 38,333
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
Standby Arrangement    Jan 24, 1983    Jan 23, 1984 1,500,000 600,510 0
Standby Arrangement    Sep 16, 1977    Sep 15, 1978 159,500 0 0
Standby Arrangement    Aug 06, 1976    Aug 05, 1977 260,000 159,500 0
Standby Arrangement    Apr 15, 1968    Apr 14, 1969 125,000 0 0
Standby Arrangement    May 01, 1967    Apr 14, 1968 125,000 0 0
Standby Arrangement    Jun 07, 1962    Oct 06, 1963 100,000 100,000 0
Standby Arrangement    Dec 12, 1961    May 16, 1962 100,000 0 0
Standby Arrangement    Dec 12, 1960    Dec 11, 1961 100,000 60,000 0
Standby Arrangement    Dec 03, 1959    Dec 02, 1960 100,000 100,000 0
Standby Arrangement    Dec 19, 1958    Dec 02, 1959 75,000 42,500 0
Total 11,030,750 8,118,510 4,376,040

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 PRGT and GRA arrangements reflects 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