Somalia: Financial Position in the Fund as of September 30, 2019 |
|
Summary of IMF members' quota, reserve tranche position, SDR holdings, outstanding credit, recent lending arrangements, projected payments due to the IMF, and historical transactions with the IMF.
|
|
I. Membership Status: Joined: August 31, 1962; | Article XIV |
|
|
|
|
III. SDR Department: | SDR Million | %Allocation | Net cumulative allocation1/ | 46.46 | 100.00 | Holdings1/ | 17.66 | 38.02 | 1/ Excluding SDRs allocated and placed in escrow account under the Fourth Amendment of the IMF's Articles of agreement (SDR 4,156,315 ),such holdings will be available to Somalia upon the settlement of all overdue obligations to the fund. |
|
|
IV. Outstanding Purchases and Loans: | SDR Million | %Quota | Contingency and Compensatory | 28.53 | 64.54 | Stand-by Arrangements | 67.72 | 153.22 | Trust Fund | 6.46 | 14.62 | SAF Loans | 8.84 | 20.00 |
|
|
V. Latest Financial Commitments: | Arrangements:
|
| Date of | Expiration | Amount Approved | Amount Drawn | Type | Arrangement | Date | (SDR Million) | (SDR Million) | SAF | Jun 29, 1987 | Jun 28, 1990 | 30.94 | 8.84 | Stand-By | Jun 29, 1987 | Jun 28, 1988 | 33.15 | 5.53 | Stand-By | Feb 22, 1985 | Sep 30, 1986 | 20.10 | 20.10 |
|
|
VI. Overdue Obligations and Projected Payments to Fund 2/ | (SDR Million; based on existing use of resources and present holdings of SDRs): | Overdue | Forthcoming | | Sep 30, 2019 | 2019 | 2020 | 2021 | 2022 | 2023 | Principal | 111.55 |
|
|
|
|
| Charges/Interest | 130.98 | 0.57 | 2.10 | 2.10 | 2.10 | 2.10 | Total | 242.52 | 0.57 | 2.10 | 2.10 | 2.10 | 2.10 |
| 2/ 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. |
|
|
|
VII. Implementation of HIPC Initiative: Not Applicable |
|
|
VIII. Implementation of Multilateral Debt Relief Initiative (MDRI): Not Applicable |
|
|
IX. Implementation of Catastrophe Containment and Relief (CCR): Not Applicable | As of February 4, 2015, the Post-Catastrophe Debt Relief Trust has been transformed to the Catastrophe Containment and Relief (CCR) Trust. |
| Prepared by Finance Department |
|