International Monetary Fund
Bulgaria: History of Lending Commitments
as of December 31, 1996

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    Jul 19, 1996    Mar 18, 1998 400,000 80,000 80,000
Standby Arrangement    Apr 11, 1994    Mar 31, 1995 139,480 116,240 116,240
Standby Arrangement    Apr 17, 1992    Apr 16, 1993 155,000 124,000 81,375
Standby Arrangement    Mar 15, 1991    Mar 14, 1992 279,000 279,000 6,297
Total 973,480 599,240 283,912

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.

Bulgaria Financial Position in the Fund