Proposal to Distribute Remaining Windfall Gold Sales Profits and Strategy to Make the Poverty Reduction and Growth Trust Sustainable
September 17, 2012
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Summary
This paper proposes a decision that the remaining gold sales windfall profits be distributed to the membership as part of a strategy to facilitate subsidy resources to ensure the longer-term sustainability of the PRGT. This would involve the same indirect approach that has been used for the partial distribution of SDR 0.7 billion, approved in February 2012. The distribution proposed in this paper will be effected only after members have provided satisfactory assurances that new amounts equivalent to at least 90 percent of the amount distributed—i.e., SDR 1.575 billion—will be transferred, or otherwise provided, to the PRGT.
Subject: Administered accounts, Executive Board decisions, Gold sales by Fund, Poverty Reduction and Growth Trust, Profits, Resource allocation, Subsidy accounts, Use of Fund resources
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Policy Papers
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