International Monetary Fund
Jamaica: History of Lending Commitments
as of December 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 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
Extended Fund Facility    Dec 11, 1992    Mar 16, 1996 109,125 77,750 5,979
Standby Arrangement    Jun 28, 1991    Sep 30, 1992 43,650 43,650 0
Standby Arrangement    Mar 23, 1990    May 31, 1991 82,000 82,000 0
Standby Arrangement    Sep 19, 1988    Mar 23, 1990 82,000 41,100 0
Standby Arrangement    Mar 02, 1987    May 31, 1988 85,000 85,000 0
Standby Arrangement    Jul 17, 1985    Jul 16, 1986 115,000 41,600 0
Standby Arrangement    Jun 22, 1984    Jun 21, 1985 64,000 64,000 0
Extended Fund Facility    Apr 13, 1981    Apr 12, 1984 477,700 402,800 0
Extended Fund Facility    Jun 11, 1979    Apr 12, 1981 260,000 85,000 0
Extended Fund Facility    Jun 09, 1978    Jun 10, 1979 200,000 70,000 0
Standby Arrangement    Aug 11, 1977    Jun 09, 1978 64,000 19,200 0
Standby Arrangement    Jun 01, 1973    May 31, 1974 26,500 13,250 0
Standby Arrangement    Jun 13, 1963    Jun 12, 1964 10,000 0 0
Total 1,618,975 1,025,350 5,980

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.

Jamaica Financial Position in the Fund