Nigeria - Use of IMF credit

Use of IMF credit (DOD, current US$)

The latest value for Use of IMF credit (DOD, current US$) in Nigeria was 5,948,129,000 as of 2020. Over the past 21 years, the value for this indicator has fluctuated between 5,948,129,000 in 2020 and 197,501,400 in 2001.

Definition: Use of IMF Credit: Data related to the operations of the IMF are provided by the IMF Treasurer’s Department. They are converted from special drawing rights into dollars using end-of-period exchange rates for stocks and average-over-the-period exchange rates for flows. IMF trust fund operations under the Enhanced Structural Adjustment Facility, Extended Fund Facility, Poverty Reduction and Growth Facility, and Structural Adjustment Facility (Enhanced Structural Adjustment Facility in 1999) are presented together with all of the IMF’s special facilities (buffer stock, supplemental reserve, compensatory and contingency facilities, oil facilities, and other facilities). SDR allocations are also included in this category. According to the BPM6, SDR allocations are recorded as the incurrence of a debt liability of the member receiving them (because of a requirement to repay the allocation in certain circumstances, and also because interest accrues). This debt item is introduced for the first time this year with historical data starting in 1999.

Source: World Bank, International Debt Statistics.

See also:

Year Value
1999 215,696,800
2000 204,758,800
2001 197,501,400
2002 213,655,400
2003 233,527,600
2004 244,063,300
2005 224,616,900
2006 236,424,000
2007 248,344,200
2008 242,061,100
2009 2,626,469,000
2010 2,580,129,000
2011 2,572,154,000
2012 2,574,918,000
2013 2,580,078,000
2014 2,427,292,000
2015 2,321,618,000
2016 2,252,260,000
2017 2,385,959,000
2018 2,330,097,000
2019 2,316,751,000
2020 5,948,129,000

Classification

Topic: Economic Policy & Debt Indicators

Sub-Topic: External debt