International Monetary Fund
Philippines: History of Lending Commitments
as of December 31, 1998

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 economic and financial 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 01, 1998    Mar 31, 2000 1,020,790 292,380 292,380
Extended Fund Facility    Jun 24, 1994    Mar 31, 1998 791,200 791,200 788,158
Standby Arrangement    Feb 20, 1991    Mar 31, 1993 334,200 334,200 0
Extended Fund Facility    May 23, 1989    Feb 20, 1991 660,600 235,920 33,422
Standby Arrangement    Oct 24, 1986    Aug 23, 1988 198,000 198,000 0
Standby Arrangement    Dec 14, 1984    Jun 13, 1986 615,000 403,000 0
Standby Arrangement    Feb 25, 1983    Feb 28, 1984 315,000 100,000 0
Standby Arrangement    Feb 27, 1980    Dec 31, 1981 410,000 410,000 0
Standby Arrangement    Jun 11, 1979    Dec 31, 1979 105,000 91,251 0
Extended Fund Facility    Apr 01, 1976    Mar 31, 1979 217,000 255,749 0
Standby Arrangement    May 31, 1975    Apr 01, 1976 29,060 29,060 0
Standby Arrangement    Jul 16, 1974    May 31, 1975 38,750 38,750 0
Standby Arrangement    May 16, 1973    May 15, 1974 45,000 0 0
Standby Arrangement    May 11, 1972    May 10, 1973 45,000 35,000 0
Standby Arrangement    Mar 16, 1971    Mar 15, 1972 45,000 35,000 0
Standby Arrangement    Feb 20, 1970    Feb 19, 1971 27,500 27,500 0
Standby Arrangement    Mar 27, 1968    Mar 26, 1969 27,500 27,500 0
Standby Arrangement    Jan 05, 1967    Jan 04, 1968 55,000 55,000 0
Standby Arrangement    Apr 12, 1966    Jan 04, 1967 26,700 0 0
Standby Arrangement    Apr 12, 1965    Apr 11, 1966 40,400 0 0
Standby Arrangement    Apr 12, 1964    Apr 11, 1965 40,400 0 0
Standby Arrangement    Apr 12, 1963    Apr 11, 1964 40,400 0 0
Standby Arrangement    Apr 12, 1962    Apr 11, 1963 40,400 0 0
Total 5,167,900 3,359,511 1,113,961

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 arrangements under the GRA, PRGT, and RST reflect 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.

Philippines Financial Position in the Fund