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, 2019 to December 31, 2019

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 07, 2019346,667
PRGT Repayment (ECF)  January 10, 201914,857
Net SDR Charges  February 01, 2019545
SDR Assessments  April 30, 2019347
Net SDR Charges  May 01, 2019528
PRGT Repayment (SCF)  May 31, 2019346,666
PRGT Repayment (ECF)  June 11, 201914,857
PRGT Interest 1/  June 30, 20193,692
PRGT Repayment (SCF)  July 05, 2019346,664
PRGT Repayment (ECF)  July 10, 201914,857
PRGT Repayment (ECF)  July 16, 201914,857
Net SDR Charges  August 01, 2019545
Net SDR Charges  November 01, 2019545
PRGT Repayment (SCF)  November 29, 2019346,672
PRGT Repayment (ECF)  December 11, 201914,857
PRGT Interest 1/  December 31, 20191,933
Total for the year 20191,469,089

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

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