International Monetary Fund
Armenia, Republic of: History of Lending Commitments
as of June 30, 2003

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    May 23, 2001    May 22, 2004 69,000 40,000 40,000
Extended Credit Facility    Feb 14, 1996    Dec 20, 1999 109,350 109,350 94,163
Standby Arrangement    Jun 28, 1995    Feb 14, 1996 43,875 13,500 0
Total 222,225 162,850 134,163

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.

Armenia, Republic of Financial Position in the Fund