Solomon Islands: Financial Position in the Fund

Member Financial Data

Solomon Islands: Projected Payments to the IMF
as of May 31, 2016
from January 01, 2018 to December 31, 2018

Projected charges and due dates are tentative. GRA charges are due two business days following notification to members shortly after quarter end. Net SDR charges and annual SDR assessments are due on the first day after the end of the quarter and April 30, respectively.

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(in SDRs)
Description Schedule Date Total
Amount Due
PRGT Repayment (SCF)  January 05, 2018346,667
Net SDR Charges  February 01, 2018545
SDR Assessments  April 30, 2018347
Net SDR Charges  May 01, 2018528
PRGT Repayment (SCF)  May 29, 2018346,666
PRGT Repayment (SCF)  June 01, 2018346,666
PRGT Repayment (ECF)  June 11, 201814,857
PRGT Repayment (SCF)  June 22, 2018346,672
PRGT Interest 1/  June 30, 20184,136
PRGT Repayment (SCF)  July 06, 2018346,667
Net SDR Charges  August 01, 2018545
Net SDR Charges  November 01, 2018545
PRGT Repayment (SCF)  November 29, 2018346,672
PRGT Repayment (SCF)  November 30, 2018346,666
PRGT Repayment (ECF)  December 11, 201814,857
PRGT Interest 1/  December 31, 20182,480
Total for the year 20182,465,516

1/ On May 24, 2019 the IMF Executive Board approved a modified interest rate setting mechanism which effectively sets interest rates to zero on ECF and SCF through June 2021 and possibly longer. The Board also decided to extend zero interest rate on ESF till end June 2021 while interest rate on RCF was set to zero in July 2015. Based on these decisions and current projections of SDR rate, the following interest rates are assumed beyond June 2021: 0/0/0/0 percent per annum for the ECF, SCF, RCF and ESF, respectively. The Executive Board will review the interest rates on concessional lending by end-June 2021 and every two years thereafter.

Short Description Description
PRGT Repayment (SCF)Principal - Standby Credit Facility
PRGT InterestInterest - PRG Trust
Net SDR ChargesSDR Department - Net Charges
PRGT Repayment (ECF)Principal - Extended Credit Facility
SDR AssessmentsSDR Department - Member Assessment

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