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At A Glance: Key IMF indicators

Author(s):
International Monetary Fund. External Relations Dept.
Published Date:
September 2004
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(as of July 31, 2004, unless indicated)
Membership184 countries
HeadquartersWashington DC
Executive Board24 members
Total staff2,700
Quotas
LargestUnited States (17.5% of total)
SmallestPalau (0.001% of total)
Lending resources
Available resources1$126 billion (SDR 86.5 billion)
One-year forward commitment capacity2$91 billion (SDR 62.1 billion)
Credit lines3
Credit available under borrowing arrangements$50 billion (SDR 34.0 billion)
Reserves
Precautionary balances4$10 billion (SDR 6.636 billion)
Other assets
Gold holdings103.4 million fine ounces
Value on IMF books$9 billion (SDR 5.9 billion)
Market value$41 billion (at $393.75/oz.)
Credit outstanding
Total credit5$96 billion (SDR 66.2 billion)
Nonconcessional credit$86 billion (SDR 59.3 billion)
Concessional credit$10 billion (SDR 7.0 billion)
Current lending arrangements
Stand-By Arrangements13
Extended Fund Facility2
Poverty Reduction and Growth Facility38
Biggest borrowers
Brazil$25 billion (SDR 17.2 billion)
Turkey$23 billion (SDR 15.6 billion)
Argentina$14 billion (SDR 9.9 billion)
Indonesia$10 billion (SDR 6.6 billion)
Russia$4 billion (SDR 2.6 billion)
Debt Relief for Heavily Indebted PoorCountries (HIPCs)
Full debt relief, having met all criteria14 countries
Some debt relief, but must meet
additional criteria for full debt relief13 countries
Still to be considered11 countries
Total debt relief for HIPC6$55 billion at end-2003
Cost to IMF6$5 billion at end-2003
Data: IMF Finance Department Notes.

SDRs explained

Special Drawing Rights or SDRs are an international reserve asset, created by the IMF in 1969 to supplement the existing official reserves of member countries. SDRs are allocated to member countries in proportion to their quotas. The SDR also serves as the unit of account of the IMF. Its value is based on a basket of key international currencies. U.S. dollar amounts are calculated at the rate of SDR 1 = $1.45776 (July 30, 2004) and are rounded.

Finding out more …

The best way to find out more about the IMF is to look at its website (www.imf.org). The fortnightly IMF Survey and the quarterly Finance & Development are also good sources of information about policies and research.

Critical assessments of IMF policies and procedures can be found on the website of the Independent Evaluation Office (www.imf.org/external/np/ieo/index.htm).

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