IMF data show Indonesia increases borrowings

IMF data show Indonesia increases borrowings

WASHINGTON (Reuters): Russia and Brazil made big repayments to the International Monetary Fund in the year to July 31, according to IMF figures released on Thursday.

The figures, published on the IMF's web site, also show Indonesia increased its borrowings from IMF to US$10.49 billion as of July from $9.34 billion a year earlier.

The data also indicate that Russia repaid US$3.62 billion in the year to July, bringing its debts to the IMF down to $12.66 billion. Russia, the IMF's largest single borrower, repaid $237 million in June.

The IMF figures showed Brazil, which made a big repayment to the IMF in April, repaid a net $7.46 billion in the year to July. Brazil made no repayments in July and owed the IMF $1.78 billion at the end of the month.

The IMF released its figures in Special Drawing Rights, the basket of currencies it uses for accounting. The following table gives the sum each country owes the IMF in millions of dollars at current exchange rates of $1.310 per SDR.

A negative figure means that the country has reduced its debt to the IMF over the year to July 31. A positive one shows it was a net borrower from the IMF over the year.

IMF Debt Figures

Country July-00 June-00 July-99 Change ------------------------------------------------- Brazil $1,778 $1,778 $9,242 -$7,464 Indonesia $10,492 $10,492 $9,340 $1,151 Mexico $3,186 $3,396 $6,295 -$3,109 Russia $12,660 $12,897 $16,279 -$3,620 S.Korea $5,845 $5,847 $9,076 -$3,230 Thailand $3,275 $3,275 $3,275 $0

in millions