International Monetary Fund
Bulgaria: History of Lending Commitments
as of July 31, 2001

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/
Extended Fund Facility    Sep 25, 1998    Sep 24, 2001 627,620 627,620 627,620
Standby Arrangement    Apr 11, 1997    Jun 10, 1998 371,900 371,900 268,525
Standby Arrangement    Jul 19, 1996    Apr 10, 1997 400,000 80,000 0
Standby Arrangement    Apr 11, 1994    Mar 31, 1995 139,480 116,240 0
Standby Arrangement    Apr 17, 1992    Apr 16, 1993 155,000 124,000 0
Standby Arrangement    Mar 15, 1991    Mar 14, 1992 279,000 279,000 0
Total 1,973,000 1,598,760 896,145

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.

Bulgaria Financial Position in the Fund