SDR 60.3 million with SDR 27.9 million interest to be paid to IMF in 2011

Pakistan has to pay SDR 60.3 million, with an interest of SDR 27.9 million, to the International Monetary Fund (IMF) in the fiscal year 2011 as the first instalment of the loan received under Stand-By Arrangement (SBA) program.
According to the repayment schedule of Pakistan to the Fund, the country has to repay SDR 1.418 billion with an interest of SDR 100.24 million (SDR 1.518 billion in total) in fiscal year 2012 while, according to the data received from the IMF website, in the year 2013 payments would be SDR 2.451 billion (SDR 2.399 billion as loan and SDR 52 million as interest).
During fiscal year 2014, Pakistan has to ensure payment of SDR 1.396 billion (SDR 1.379 billion in loan and SDR 17 million as interest) while a very minor amount, SDR 306.4 million has to be paid to the Fund (SDR 303.04 million as loan and SDR 3.43 in interest) in 2015.
The outstanding purchases and loans of Pakistan to the Fund under Stand-By Arrangement (SBA) are SDR 4.936 billion with 477.5 percent quota while under the emergency assistance the country has received 28.7 percent of its quota that is SDR 296 million. Similarly, the outstanding purchases and loans under Extended Credit Facility (ECF) utilised amount to SDR 327.3 million that is 31.6 percent of our quota.
SBA was approved by the IMF Board on November 24, 2008 and will expire on September 30, 2011. The amount approved for Pakistan was SDR 7.235 billion while the drawn amount is SDR 4.936 billion. Pakistan entered into an ECF arrangement program on December 6, 2001 which expired on December 5, 2004.
The total amount drawn under the program was SDR 861 million while the total amount approved for Pakistan under ECF was SDR 1.03 billion. In November 29, 2000 Pakistan entered a SBA program and utilised the full amount, SDR 465 million. Implementation of Multilateral Debt Relief Initiative (MDRI) and Post-Catastrophe Debt Relief (PCDR) are not applicable to Pakistan as its current per capita income is $1207.
The Multilateral Debt Relief Initiative (MDRI) was adopted by the IMF in late 2005. To comply with the requirement of MDRI, specific to the IMF, that the institution's resources be used in an even-handed manner across its membership, the IMF Executive Board agreed that all member countries (including non-HIPCs) at or below the per capita income threshold of US $380 should also be eligible. However, Pakistan has not made use of this yet.