1 The projection of charges and interest assumes that overdue principal
at the report date (if any) will remain outstanding, but forthcoming obligations
will be settled on time.
2 On December 10, 2014 the IMF Executive Board extended through December 31, 2016, the interest waiver for concessional loans that was introduced on January 7, 2010. The following rates are assumed beyond 2016: projected interest charges between 2017 and 2018 are based on 0/0/0.25/0.25 percent per annum for the ECF, RCF, SCF, and ESF, respectively, and beyond 2018 0.25/0.25/0.5/0.25 percent per annum. The Executive Board will review the interest rates for all PRGT facilities by end-2016 and every two years thereafter.