Nigeria: History of Lending Commitments
as of August 31, 2021

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/
Rapid Financing Instrument    Apr 28, 2020    Apr 30, 2020 2,454,500 2,454,500 2,454,500
Standby Arrangement    Aug 04, 2000    Oct 31, 2001 788,940 0 0
Standby Arrangement    Jan 09, 1991    Apr 08, 1992 319,000 0 0
Standby Arrangement    Feb 03, 1989    Apr 30, 1990 475,000 0 0
Standby Arrangement    Jan 30, 1987    Jan 31, 1988 650,000 0 0
Total 4,687,440 2,454,500 2,454,500

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.

Nigeria Financial Position in the Fund