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Panama: Financial Position in the Fund
as of December 31, 1998

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: March 14, 1946;Article VIII

II. General Resources Account:SDR Million%Quota
       Quota149.60100.00
       IMF's Holdings of Currency (Holdings Rate)263.29175.99
       Reserve Tranche Position11.867.93

III. SDR Department:SDR Million%Allocation
       Net cumulative allocation26.32100.00
       Holdings0.100.38

IV. Outstanding Purchases and Loans:SDR Million%Quota
      Stand-by Arrangements85.5357.17
      Extended Arrangements40.0026.74

V. Latest Financial Commitments:

     Arrangements:

Date ofExpirationAmount ApprovedAmount Drawn
TypeArrangementDate(SDR Million)(SDR Million)
      EFF  Dec 10, 1997  Dec 09, 2000120.00    40.00
      Stand-By  Nov 29, 1995  Mar 31, 199784.30    84.30
      Stand-By  Feb 24, 1992  Sep 23, 199474.17    54.57

VI. Overdue Obligations and Projected Payments to Fund  1/
   (SDR Million; based on existing use of resources and present holdings of SDRs):
                                       Forthcoming                                      
         1999  2000  2001  2002  2003 
  Principal
17.2039.3026.206.206.70
  Charges/Interest
5.904.903.402.602.40
   Total
23.1044.2029.608.809.10

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.


VII. Implementation of HIPC Initiative: Not Applicable

VIII. Implementation of Multilateral Debt Relief Initiative (MDRI):  Not Applicable

IX. Implementation of Post-Catastrophe Debt Relief (PCDR):  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

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