International Monetary Fund
Malawi: History of Lending Commitments
as of November 30, 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
Extended Credit Facility    Oct 18, 1995    Dec 31, 1998 45,810 30,540 30,540
Standby Arrangement    Nov 16, 1994    Jun 30, 1995 15,000 12,725 6,363
Extended Credit Facility    Jul 15, 1988    Mar 31, 1994 66,960 66,960 22,878
Standby Arrangement    Mar 02, 1988    May 30, 1989 13,020 9,250 0
Extended Fund Facility    Sep 19, 1983    Aug 05, 1986 81,000 57,000 0
Standby Arrangement    Aug 06, 1982    Aug 05, 1983 22,000 22,000 0
Standby Arrangement    May 09, 1980    Mar 31, 1982 49,875 40,000 0
Standby Arrangement    Oct 31, 1979    May 09, 1980 26,344 5,444 0
Total 320,009 243,919 59,781

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.

Malawi Financial Position in the Fund