International Monetary Fund
Brazil: 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    Jan 29, 1992    Aug 31, 1993 1,500,000 127,500 15,539
Standby Arrangement    Aug 23, 1988    Feb 28, 1990 1,096,000 365,300 0
Extended Fund Facility    Feb 28, 1983    Feb 27, 1986 4,239,375 2,743,125 0
Standby Arrangement    Mar 03, 1972    Mar 02, 1973 50,000 0 0
Standby Arrangement    Feb 04, 1971    Feb 03, 1972 50,000 0 0
Standby Arrangement    Feb 04, 1970    Feb 03, 1971 50,000 0 0
Standby Arrangement    Apr 29, 1969    Feb 04, 1970 50,000 0 0
Standby Arrangement    Apr 29, 1968    Apr 28, 1969 87,500 75,000 0
Standby Arrangement    Feb 13, 1967    Feb 12, 1968 30,000 0 0
Standby Arrangement    Feb 01, 1966    Jan 31, 1967 125,000 0 0
Standby Arrangement    Jan 13, 1965    Jan 12, 1966 125,000 75,000 0
Standby Arrangement    May 18, 1961    May 17, 1962 160,000 60,000 0
Standby Arrangement    Jun 03, 1958    Jun 02, 1959 37,500 37,500 0
Total 7,600,375 3,483,425 15,540

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.

Brazil Financial Position in the Fund