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Ecuador: Financial Position in the Fund
as of December 31, 2002

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: December 28, 1945;Article VIII

II. General Resources Account:SDR Million%Quota
       Quota302.30100.00
       IMF's Holdings of Currency (Holdings Rate)511.88169.33
       Reserve Tranche Position17.155.67

III. SDR Department:SDR Million%Allocation
       Net cumulative allocation32.93100.00
       Holdings1.384.20

IV. Outstanding Purchases and Loans:SDR Million%Quota
      Stand-by Arrangements226.7375.00

V. Latest Financial Commitments:

     Arrangements:

Date ofExpirationAmount ApprovedAmount Drawn
TypeArrangementDate(SDR Million)(SDR Million)
      Stand-By  Apr 19, 2000  Dec 31, 2001226.73    226.73
      Stand-By  May 11, 1994  Dec 11, 1995173.90    98.90
      Stand-By  Dec 11, 1991  Dec 10, 199275.00    18.56

VI. Overdue Obligations and Projected Payments to Fund  1/  (Expectation Basis)2/
   (SDR Million; based on existing use of resources and present holdings of SDRs):
                                       Forthcoming                                      
         2003  2004  2005  2006  2007 
  Principal
34.24103.9279.129.45
  Charges/Interest
6.284.561.830.650.61
   Total
40.52108.4880.9510.100.61

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.

2/ This schedule presents all currently scheduled payments to the IMF, including repayment expectations and repayment obligations. The IMF Executive Board can extend repayment expectations (within predetermined limits) upon request by the debtor country if its external payments position is not strong enough to meet the expectations without undue hardship or risk, repayment schedules and IMF lending for details).

    Overdue Obligations and Projected Payments to Fund: (Obligation Basis)3
    (SDR Million; based on existing use of resources and present holdings of SDRs):

                                      Forthcoming                                      
         2003  2004  2005  2006  2007 
  Principal
24.7966.1279.1247.249.45
  Charges/Interest
6.305.163.201.480.65
   Total
31.0971.2882.3348.7310.10

3/ This schedule is not the currently applicable schedule of payments to the IMF. Rather, the schedule presents all payments to the IMF under the illustrative assumption that repayment expectations-except for SRF repayment expectations-would be extended to their respective obligation dates by the IMF Executive Board upon request of the debtor country (see repayment schedules and IMF lending for details). SRF repayments are thus only shown on their current expectation dates, unless already converted to an obligation date by the IMF Executive Board.

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.