Korea: History of Lending Commitments
as of September 30, 2008

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
Arrangement
Expiration
Date  4/
Amount
Agreed
Amount
Drawn
Amount
Outstanding
Standby Arrangement
of which Supplemental Reserve Facility
   Dec 04, 1997
  Dec 04, 1997
   Dec 03, 2000
  Dec 17, 1998
15,500,000
9,950,000
14,412,500
9,950,000
0
0
Standby Arrangement    Jul 12, 1985    Mar 10, 1987 280,000 160,000 0
Standby Arrangement    Jul 08, 1983    Mar 31, 1985 575,775 575,775 0
Standby Arrangement    Feb 13, 1981    Feb 12, 1982 576,000 576,000 0
Standby Arrangement    Mar 03, 1980    Feb 12, 1981 640,000 320,000 0
Standby Arrangement    May 06, 1977    Dec 31, 1977 20,000 0 0
Standby Arrangement    Oct 22, 1975    Jun 30, 1976 20,000 9,000 0
Standby Arrangement    May 17, 1974    Dec 31, 1974 20,000 20,000 0
Standby Arrangement    Apr 02, 1973    Dec 31, 1973 20,000 0 0
Standby Arrangement    Jan 01, 1972    Dec 31, 1972 30,000 0 0
Standby Arrangement    Jan 01, 1971    Dec 31, 1971 25,000 0 0
Standby Arrangement    Mar 13, 1970    Dec 31, 1970 25,000 0 0
Standby Arrangement    Apr 15, 1969    Dec 31, 1969 25,000 0 0
Standby Arrangement    Apr 11, 1968    Apr 10, 1969 25,000 12,500 0
Standby Arrangement    Mar 22, 1967    Mar 21, 1968 18,000 0 0
Standby Arrangement    Mar 22, 1966    Mar 21, 1967 12,000 0 0
Standby Arrangement    Mar 22, 1965    Mar 21, 1966 9,300 0 0
Total 17,821,075 16,085,775 0

4/ The expiration date for outright disbursements (RFI and RCF) reflects the date the disbursement was    drawn. 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.
5/ The RFI/RCF does not show commitments.

Disclaimer
The information provided is for your convenience and is not intended to replace other official IMF reports and statements.

Korea Financial Position in the Fund