Lesotho: History of Lending Commitments
as of December 31, 2010

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 Credit Facility    Jun 02, 2010    Jun 01, 2013 41,880 7,800 7,800
Extended Credit Facility    Mar 09, 2001    Oct 31, 2004 24,500 24,500 10,500
Standby Arrangement    Sep 23, 1996    Sep 22, 1997 7,170 0 0
Standby Arrangement    Jul 31, 1995    Jul 30, 1996 7,170 0 0
Standby Arrangement    Sep 23, 1994    Jul 31, 1995 8,365 0 0
Extended Credit Facility    May 22, 1991    Aug 01, 1994 18,120 18,120 0
Structural Adjustment Facility Commitment    Jun 29, 1988    Jun 28, 1991 10,570 10,570 0
Total 117,775 60,990 18,300

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.

Lesotho Financial Position in the Fund