International Monetary Fund
Burkina Faso: 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
Extended Credit Facility    Jun 14, 1996    Sep 13, 1999 39,780 33,150 33,150
Extended Credit Facility    Mar 31, 1993    May 30, 1996 53,040 44,200 43,316
Structural Adjustment Facility Commitment    Mar 13, 1991    Mar 31, 1993 22,120 6,320 3,160
Total 114,940 83,670 79,626

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.

Burkina Faso Financial Position in the Fund