The amount the IMF has readily available for new (non-concessional) lending is indicated by its one-year forward commitment capacity. This is determined by its usable resources, plus projected loan repayments over the subsequent twelve months, less the resources that have already been committed under existing arrangements, less a precautionary balance. As of end-July 2008, the Fund's one-year forward commitment capacity was SDR127.7 billion (or about $207 billion).
So 1% is going out the door in a emergency loan to iceland, who admits it will need more than that. Start the meter running.
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