Visit the following site to see the latest release on The Gambia as December(http://www.imf.org/external/country/GMB/index.htm) Therein readers can see directly what the board means by The Gambia on chronolical reverse.It take a while to read thru this data and deep rooted research results so brace up.
Gambia, The: Financial Position in the Fund
As of October 31, 2005 I. Membership Status: Joined: September 21, 1967; Article VIII
II. General Resources Account: SDR Million %Quota Quota 31.10 100.00 Fund holdings of currency 29.62 95.23 Reserve Position 1.48 4.77 Holdings Exchange Rate
III. SDR Department: SDR Million %Allocation Net cumulative allocation 5.12 100.00 Holdings 0.13 2.45
IV. Outstanding Purchases and Loans: SDR Million %Quota PRGF Arrangements 14.91 47.95
V. Latest Financial Arrangements:
Approval Expiration Amount Approved Amount Drawn Type Date Date (SDR Million) (SDR Million) PRGF Jul 18, 2002 Jul 17, 2005 20.22 2.89 PRGF Jun 29, 1998 Dec 31, 2001 20.61 20.61 PRGF Nov 23, 1988 Nov 25, 1991 20.52 18.02
VI. Projected Payments to Fund (SDR Million; based on existing use of resources and present holdings of SDRs): Forthcoming 2005 2006 2007 2008 2009 Principal 0.34 2.75 2.75 3.33 2.64 Charges/Interest 0.07 0.21 0.20 0.18 0.17 Total 0.42 2.96 2.95 3.51 2.81 VII. Implementation of HIPC Initiative:
Enhanced
I. Commitment of HIPC assistance
Framework
Decision point date
Dec 2000
Assistance committed by all creditors (US$ Million) 1/
66.60
Of which: IMF assistance (US$ million)
2.30
(SDR equivalent in millions)
1.80
Completion point date
Floating
II. Disbursement of IMF assistance (SDR Million) Assistance disbursed to the member
0.08
Interim assistance
0.08
Completion point balance
--
Additional disbursement of interest income 2/
--
Total disbursements
0.08
1/ Assistance committed under the original framework is expressed in net present value (NPV) terms at the completion point, and assistance committed under the enhanced framework is expressed in NPV terms at the decision point. Hence these two amounts can not be added. 2/ Under the enhanced framework, an additional disbursement is made at the completion point corresponding to interest income earned on the amount committed at the decision point but not disbursed during the interim period. _________________ Decision point - point at which the IMF and the World Bank determine whether a country qualifies for assistance under the HIPC Initiative and decide on the amount of assistance to be committed. Interim assistance - amount disbursed to a country during the period between decision and completion points, up to 20 percent annually and 60 percent in total of the assistance committed at the decision point (or 25 percent and 75 percent, respectively, in exceptional
circumstances). Completion point - point at which a country receives the remaining balance of its assistance committed at the decision point, together with an additional disbursement of interest income as defined in footnote 2 above. The timing of the completion point is linked to the implementation of pre-agreed key structural reforms (i.e., floating completion point).
Prepared by Finance Department
Disclaimer The information provided is for your convenience and is not intended to replace other official IMF reports and statements.
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