IMF Finances
Transactions with
the Fund
Credit Outstanding
Projected Payments
IMF Members'
Financial Data by
Country
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Nigeria: Financial Position in the Fund as of May 31, 2020 |
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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.
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I. Membership Status: Joined: March 30, 1961; | Article XIV |
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1/ Emergency Assistance may include ENDA, EPCA, and RFI. |
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V. Latest Financial Commitments: | Arrangements:
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| Date of | Expiration | Amount Approved | Amount Drawn | Type | Arrangement | Date | (SDR Million) | (SDR Million) | Stand-By | Aug 04, 2000 | Oct 31, 2001 | 788.94 | 0.00 | Stand-By | Jan 09, 1991 | Apr 08, 1992 | 319.00 | 0.00 | Stand-By | Feb 03, 1989 | Apr 30, 1990 | 475.00 | 0.00 |
Outright Loans:
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| Date of | Date | Amount Approved | Amount Drawn | Type | Commitment | Drawn/Expired | (SDR Million) | (SDR Million) | RFI | Apr 28, 2020 | Apr 30, 2020 | 2,454.50 | 2,454.50 | 1/ Undrawn outright disbursements (RFI and RCF) expire automatically 60 days following the date of commitment, i.e. Board approval date. |
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VI. Overdue Obligations and Projected Payments to Fund 2/ | (SDR Million; based on existing use of resources and present holdings of SDRs): | | Forthcoming | | | 2020 | 2021 | 2022 | 2023 | 2024 | Principal |
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| 613.63 | 1,227.25 | Charges/Interest |
| 13.00 | 25.88 | 25.89 | 25.02 | 14.55 | Total |
| 13.00 | 25.88 | 25.89 | 638.65 | 1,241.80 |
| 2/ When a member has overdue financial obligations outstanding for more than three months, the amount of such arrears will be shown in this section. |
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VII. Implementation of HIPC Initiative: Not Applicable |
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VIII. Implementation of Multilateral Debt Relief Initiative (MDRI): Not Applicable |
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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 |
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