International Monetary Fund
Latvia, Republic of: History of Lending Commitments
as of February 28, 1998

The IMF lends under concessional and non-concessional arrangements or can provide outright loans. A lending arrangement, which is similar to a line of credit, is approved by the IMF Executive Board to support a country's economic and financial program. The arrangement requires the member to observe specific terms and subject to periodic reviews in order to continue to draw upon it. An outright loan is also approved by the IMF Executive Board, however, it does not require a member to observe specific terms.


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(In Thousands of SDRs)

Facility Date of
Arrangement
Expiration
Date  4/
Amount
Agreed
Amount
Drawn
Amount
Outstanding
Standby Arrangement    Oct 10, 1997    Apr 09, 1999 33,000 0 0
Standby Arrangement    May 24, 1996    Aug 23, 1997 30,000 0 0
Standby Arrangement    Apr 21, 1995    May 20, 1996 27,450 0 0
Standby Arrangement    Dec 15, 1993    Mar 14, 1995 22,875 9,150 6,863
Standby Arrangement    Sep 14, 1992    Sep 13, 1993 54,900 54,900 7,434
Total 168,225 64,050 14,297

4/ The expiration date for outright disbursements (RFI and RCF) reflects the date the disbursement was drawn, or the date the disbursement expires, i.e., 60 days following the Board approval date. The expiration dates for arrangements under the GRA, PRGT, and RST reflect either the approved expiration date of the arrangement or the date the last disbursement takes place under the fully drawn arrangements.

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

Latvia, Republic of Financial Position in the Fund