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Papua New Guinea: Financial Position in the Fund
as of December 31, 2021

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: October 09, 1975;Article VIII

II. General Resources Account:SDR Million%Quota
       Quota263.20100.00
       IMF's Holdings of Currency (Holdings Rate)262.7699.83
       Reserve Tranche Position0.450.17

III. SDR Department:SDR Million%Allocation
       Net cumulative allocation377.76100.00
       Holdings259.0368.57

IV. Outstanding Purchases and Loans:SDR Million%Quota
      RCF Loans263.20100.00

V. Latest Financial Commitments:

     Arrangements:

Date ofExpirationAmount ApprovedAmount Drawn
TypeArrangementDate(SDR Million)(SDR Million)
      Stand-By  Mar 29, 2000  Sep 28, 200185.54    85.54
      Stand-By  Jul 14, 1995  Dec 15, 199771.48    35.34
      Stand-By  Jul 31, 1991  Sep 30, 199226.36    0.00

     Outright Loans:

Date ofDateAmount ApprovedAmount Drawn
TypeCommitmentDrawn/Expired(SDR Million)(SDR Million)
      RCF  Jun 05, 2020  Jun 09, 2020263.20    263.20

 1/ Undrawn outright disbursements (RFI and RCF) expire automatically 60 days following the date of commitment, i.e. Board approval date.

VI. Overdue Obligations and Projected Payments to Fund  1/
   (SDR Million; based on existing use of resources and present holdings of SDRs):
                                       Forthcoming                                      
         2022  2023  2024  2025  2026 
  Principal



26.3252.64
  Charges/Interest
0.090.100.100.100.10
   Total
0.090.100.1026.4252.74

1/ When a member has overdue financial obligations outstanding for more than three months, the amount of such arrears will be shown in this section.


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

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