International Monetary Fund
Azerbaijan: History of Lending Commitments
as of December 31, 2005

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
Date  4/
Extended Credit Facility    Jul 06, 2001    Jul 04, 2005 67,580 54,710 54,710
Extended Credit Facility    Dec 20, 1996    Mar 19, 2000 93,600 81,900 37,731
Extended Fund Facility    Dec 20, 1996    Mar 19, 2000 58,500 53,240 22,041
Standby Arrangement    Nov 17, 1995    Nov 16, 1996 58,500 58,500 0
Total 278,180 248,350 114,482

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.

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

Azerbaijan Financial Position in the Fund