Policy Papers
2010
August 17, 2010
Review of the Fund's Strategy on Overdue Financial Obligations
Description: This paper reviews progress under the Fund’s strengthened cooperative strategy on overdue financial obligations. Since the last review, total arrears to the Fund declined by SDR 17.5 million to SDR 1,309.5 million. Payments to the Fund by Sudan and Zimbabwe were in excess of new obligations falling due, and a decrease in Somalia’s arrears resulted from the full settlement of its overdue obligations to the SDR Department in the context of the general SDR allocation in August 2009.
August 11, 2010
IMF Membership in the Financial Stability Board
Description: This paper examines the implications of the Fund accepting membership in the Financial Stability Board (“FSB”). The FSB Charter (the ―Charter‖) explicitly contemplates the possibility of the Fund and the other international financial institutions becoming members but notes that ―the acceptance of membership by the international financial institutions (IFIs) in the FSB is subject to the approval of their respective governing bodies.‖ An Executive Board decision is required for the Fund to accept membership and is proposed below.
August 11, 2010
IMF Membership in the Financial Stability Board - Decision
Description: The decision on IMF membership in the Financial Stability Board (as set forth above) was adopted by the IMF’s Executive Board.
August 11, 2010
The Fund's Income Position for FY 2010 - Actual Outcome
Description: This paper presents the Fund’s net income outcome for FY 2010. The actual outcomes in this paper follow the closing of the Fund’s accounts for the financial year and completion of the FY 2010 external audit conducted by Deloitte & Touche, the Fund’s external auditor. The paper also provides an update on the restructuring costs incurred during FY 2010.
August 11, 2010
Framework Administered Account for Selected Fund Activities-Kuwait Subaccount for Selected Fund Activities
Description: In March 2009, the Fund established a new Framework Administered Account to administer external financial resources for selected Fund Activities (the “SFA Instrument”). The financing of activities under the terms of the SFA Instrument is implemented through the establishment and operation of a subaccount within the SFA. This paper requests Executive Board approval to establish the Kuwait Subaccount for Selected Fund Activities (the “Subaccount”) under the terms of the SFA instrument.
August 10, 2010
Borrowing Agreement with the Bank of Slovenia
Description: In light of the multilateral effort to ensure the adequacy of the financial resources available to the International Monetary Fund (the “Fund”), and with a view to supporting the Fund’s ability to provide timely and effective balance of payments assistance to its members, the Bank of Slovenia agrees to lend to the Fund an SDR-denominated amount up to the equivalent of EUR 280 million, on the terms and conditions set out in this paper.
July 30, 2010
Review of the Fund's Mandate - Follow-Up on Modernizing Surveillance
Description: The IMF Executive Board has been considering reforms to strengthen the Fund’s mandate to better equip the institution to safeguard global stability. Executive Directors have supported a range of reforms to modernize the Fund’s surveillance mandate and modalities. This paper focuses on selected aspects of these reforms where further work was called for, including on a possible multilateral surveillance decision and proposals to enhance the traction and flexibility of bilateral surveillance.
July 23, 2010
Framework Administered Account for Selected Fund Activities - Central African Regional Technical Assistance Center (AFRITAC Central) Subaccount
Description: In March 2009, the Fund established a new Framework Administered Account to administer external financial resources for selected Fund activities (the “SFA Instrument”). The financing of activities under the terms of the SFA Instrument is implemented through the establishment and operation of a subaccount within the SFA. This paper requests Executive Board approval to establish the AFRITAC Central subaccount under the terms of the SFA Instrument.
July 21, 2010
Kyrgyz Republic - Joint Economic Assessment Report for the Kyrgyz Republic Donor Conference, Bishkek, July 27, 2010
Description: The Kyrgyz Republic -- Joint Economic Assessment: Reconciliation, Recovery and Reconstruction; Prepared by the Asian Development Bank, International Monetary Fund, and The World Bank; With the participation of Eurasian Development Bank, European Bank for Reconstruction and Development, European Commission, International Finance Corporation, and The United Nations
July 15, 2010
Framework Administered Account for Selected Fund Activities - United States Subaccount for Selected Fund Activities
Description: In March 2009, the Fund established a new Framework Administered Account to administer external financial resources for selected Fund Activities (the “SFA Instrument”). The financing of activities under the terms of the SFA Instrument is implemented through the establishment and operation of a subaccount within the SFA. This paper requests Executive Board approval to establish the United States Subaccount for Selected Fund Activities (the “Subaccount”) under the terms of the SFA instrument.