§ Mr. Elletson
To ask the Chancellor of the Exchequer what are the sizes of current and projected International Monetary Fund loans to Russia; and if he will make a statement.
§ Mr. Nelson
Special drawing rights 719 million was drawn under a first credit tranche stand-by arrangements approved in August 1992. Loans totalling SDR 2,156 billion were made in the form of purchases under the systemic transformation facility in July 1993 and April 1994.
The IMF board will shortly be considering a request from the Russian Federation for a stand-by arrangement equivalent to SDR 4,313.1 million.