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Use of Fund Resources | ||||
Credit Tranche Policies and Facilities | ||||
Stand-By and Extended Arrangements—Standard Forms The Executive Board approves the standard forms of stand-by and extended arrangements contained in Attachments A and B to SM/93/207 (9/3/93), and the standard clauses contained in Attachment C to SM/93/207, to be added to those arrangements in cases of requests for (i) a decision on external contingency financing under the compensatory and contingency financing facility in association with an arrangement, or (ii) set-asides in support of operations involving debt reduction. Decision No. 10464-(93/130), September 13, 1993, as amended by Decision Nos. 14287-(09/29), March 24, 2009, effective April 1, 2009, 14407-(09/105), October 26, 2009, and 15113-(12/24), March 14, 2012 Attachment A Form of Stand-By Arrangement Attached hereto is a letter [, with annexed memorandum,] dated ____________ from (Minister of Finance and/or Governor of Central Bank) requesting a stand-by arrangement and setting forth:
To support these objectives and policies the International Monetary Fund grants this stand-by arrangement in accordance with the following provisions:
When (member) is prevented from purchasing under this stand-by arrangement because of this paragraph 3, purchases will be resumed only after consultation has taken place between the Fund and (member) and understandings have been reached regarding the circumstances in which such purchases can be resumed.
Attachment B Form of Extended Arrangement Attached hereto is a letter [, with annexed memorandum,] dated _________ from (Minister of Finance and/or Governor of Central Bank) requesting an extended arrangement and setting forth:
To support these objectives and policies the International Monetary Fund grants this extended arrangement in accordance with the following provisions:
1 Ed. Note: The performance criteria enumerated here are examples only. 2 Ed. Note: As per Decision No. 8648-(87/104), July 17, 1987, the phrase “multiple currency practices” in decisions of the Fund relating to the use of the Fund’s resources does not, except as otherwise provided, include multiple currency practices applying solely to capital transactions. 3 The performance criteria enumerated here are examples only. 4 Ed. Note: As per Decision No. 8648-(87/104), July 17, 1987, the phrase “multiple currency practices” in decisions of the Fund relating to the use of the Fund’s resources does not, except as otherwise provided, include multiple currency practices applying solely to capital transactions. |
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Prepared by the Legal Department of the IMF
Note
- Page number references in the text are to the Forty-Second issue hard copy volume.